tag:blogger.com,1999:blog-1592992209402300549.post579172658938037555..comments2024-03-28T08:06:43.198-04:00Comments on The Silicon Graybeard: Russia In Full Tilt Economic Collapse? Not QuiteSiGraybeardhttp://www.blogger.com/profile/00280583031339062059noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1592992209402300549.post-70021996832912310902014-12-25T08:37:35.778-05:002014-12-25T08:37:35.778-05:00The banks have some pretty big fingers in the pie-...The banks have some pretty big fingers in the pie- and they are buying all of the government officials that can be bought. The foreclosure mess was the largest transfer of wealth in human history. I did a post on this a few years ago. <br /><br />http://street-pharmacy.blogspot.com/2010/04/political-and-legal-roots-of.htmlDivemedichttps://www.blogger.com/profile/14583007051962299381noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-84528640587854978682014-12-22T13:29:21.590-05:002014-12-22T13:29:21.590-05:00Another factor in the Ruble's drop is that whi...Another factor in the Ruble's drop is that while US sanction have limited effect on Russia, the uncertainty about Ukraine, sanctions, and other Russian geopolitical questions mean that foreign investors are pulling money out of Russia and cancelling deals - last I heard (several weeks ago), US investors alone had pulled over $80 billion out of the Russian stock market and were still going.<br />Their arbitrary prosecution of American businessmen for vague misdeeds doesn't help either.Jonathan Hhttps://www.blogger.com/profile/10476185257203343474noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-9253907046165978662014-12-21T21:19:56.734-05:002014-12-21T21:19:56.734-05:00Anon - well said.
And Dear Readers - there's...Anon - well said. <br /><br />And Dear Readers - there's a lot of wisdom in there. <br /><br /><br />SiGraybeardhttps://www.blogger.com/profile/00280583031339062059noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-48836049436711592462014-12-21T15:23:56.705-05:002014-12-21T15:23:56.705-05:00I agree. Often you will hear people accuse the ba...I agree. Often you will hear people accuse the banks of being the source of all our problems. A lot of this stems from the same tired old Libertarian/radical left wing beliefs that go back a century or so. But our current problem is grounded in the simple fact we spend more then we take in. This was then seriously aggravated by Dodd and Frank in 1998 and some other actions in the years following. The banks are not the problem it is the regulators who caused the problem, made it worse and are now doubing down in a Keynesian orgy of borrowing, printing and interest rate meddling. This has made everything worse, much worse then it appears. Our own current stock market appears "strong" to anyone who is ignorant of such things. But it is simply that right now throughout the world people with money have no safe place to park their wealth and the "safest" place appears to be the U.S. They all know that sooner or latter even this bubble will burst but they are all hoping to still be better off then if they had kept their money somewhere else. Because of this even though I still predict an economic collapse for us as well as most of the world our collapse may not be as bad as it could be or should be. Again that is simply because money is flowing into this country because it is considered safer then Greece, Russia, Japan, China, etc. How will it play out? I'm betting on a collapse, it seems inevitable, it's overdue, it cannot be prevented, but when and how deep is unknowable. Anonymousnoreply@blogger.com