Monday, August 27, 2007

If we are Rome, Wall Street's our Coliseum

Somehow Jack Nicholson in "A Few Good Men" with his famous speech "You can´t handle the truth" comes to mind. 50 trillion hole and growing 3 to 4 trillion annually......Please click on the headline to read the entire piece.

Irgendwie erscheint mir bei diesem Thema die inzwischen berühmte Rede von Jack Nicolson aus "Eine Frage der Ehre" über die Wahrheit vor dem gesitigen Auge. Eine Lücke von 50 billion die jedes Jahr 3-4 billion anwächst. Leider kein Tippfehler...Klickt bitte auf die Überschrift um den kompletten Bericht zu lesen.

Maybe you don´t need to handle the truth if you believe in forecasts like this The Triumph Of Hope Over Experience

Aber evtl. verdrängt man die Wahrheit einfach am besten mit Prognosen wie diesen The Triumph Of Hope Over Experience

Should be great news for the Greenback down the road..... Thank god that the Fed is vigilant in fighting inflation ( see chart ) ...... ;-)

Das alles sollten zukünftig "tolle" Neuigkeiten für den US$ sein.... Wie gut das die Fed stets ein entschlossener Inflationsbekämpfer ist ( siehe Chart) ...... ;-)

Thanks to Bud Wood for the excellent Chart!

(Marketwatch) Comptroller General warns (again), we're 'bankrupting America'

What do Cassandra, "Chicken Little," the "Boy Who Cried Wolf" and David Walker, America's Comptroller General and head of the U.S. Government Accountability Office, all have in common?

Nobody pays attention to them!

Except for a short piece in London's Financial Times, Walker's warnings were generally ignored by the American press, by the public and even by the very Congress that hired him and has the power to do something, yet still refuses to heed his warnings. ......

>Here a not so depressing interview with the Comptroller himself with Colbert :-)

>Hier zur Abwechslung ein nicht so ganz deprimierendes Interview mit David M. Walker von Colbert :-)

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Anonymous Anonymous said...

I'm sorry, I can't watch anyone from the GAO talk. They are gutless, spineless, weak, ineffectual, and downright corrupt.

4:13 AM  
Blogger jmf said...

Moin Edgar,

looks to me that Walker is a "straight talker".

The only problem is that nobody is listening and he/GAO has no power to change a dime....

Whenever i see numbers and charts like this i know why i´m holding gold :-)

4:30 AM  
Anonymous Anonymous said...

jmf, I guess you-all know this already, but don't trust American businessmen or politicians. They will take advantage of you for personal gain. We are stuck with the worst criminals we've ever had who have control over everything. It is as bad or worse than the Russians back in the 90s. Protect yourself.

4:36 AM  
Blogger jmf said...

Moin Edgar,

i know....

Compared to the US the German politicians or business leader are looking smart and honest (except the folks from the
Landesbank Sachsen
.... :-)

But this is unfortunately only true on a relative basis.... :-(

4:51 AM  
Anonymous Anonymous said...

I am willing to cut the German banks some slack, as they are the victims of an American swindle by people they thought they could trust. If they learn from their mistake it will be better for you if they stay in business. The IBs in America need to go down hard, they are rip off artists only.

5:13 AM  
Anonymous Anonymous said...


3:28 PM  
Blogger jmf said...

Moin Not,

thanks for the link.

I think this will result in a new round of "blame game".

In the end the Sachsen LB management, board and the oversight from the Bafin are the ones that should take responsibility.

2:18 AM  

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