The Road to Ruin: US Economic Fragility


	The Road to Ruin: US Economic Fragility

abailart

11-8-2007 4:14 AM

364 views

tags:

economics, finance, credit, liquidity, real versus paper wealth

abailart says:

A metaphor for our times. The collective hallucination of concepts and statistics as reality, and a deeper reality.

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11-8-2007 5:55 AM

tabsey

Thus the move towards global by those who have exploited different countries to the max.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/76221177-f919-4c39-894e-16d636521ebb/7DF112BE-BD4E-4FE0-B769-0F5A2BFA7DA5/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.atimes.com/atimes/Global_Economy/IK06Dj01.html" href="http://www.atimes.com/atimes/Global_Economy/IK06Dj01.html" style="font-size: 11px;">www.atimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.atimes.com/atimes/Global_Economy/IK06Dj01.html">There are literally trillions 
                              of dollars of liquidity slushing around the world 
                              keen to hold "things" of value. Liquidity sources 
                              include the massive central bank reserve holdings 
                              as well as funds at the disposal of the sovereign 
                              wealth funds. Importantly, the more apparent 
                              becomes U.S. financial fragility, the keener they 
                              are to stockpile real "things".</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.atimes.com/atimes/Global_Economy/IK06Dj01.html">How much would the Chinese 
                              government, with their $1.4 TN stockpile of 
                              chiefly dollar reserves, be willing these days to 
                              pay for the necessary energy resources to sustain 
                              their economic boom and stem social unrest?</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.atimes.com/atimes/Global_Economy/IK06Dj01.html">The legacy of years of runaway U.S. Credit 
                              excess includes many trillions of dollar liquidity 
                              balances circulating around the globe. Chinese 
                              reserves, for example, have inflated almost 
                              seven-fold in just five years. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.atimes.com/atimes/Global_Economy/IK06Dj01.html">with 
                              massive Current Account Deficits and rampant 
                              speculative financial outflows to the world 
                              fueling myriad dangerous Bubbles and maladjustment 
                              on an unprecedented global scale.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7DF112BE-BD4E-4FE0-B769-0F5A2BFA7DA5/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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