Best Quotes of July 2008
by John Rubino
DollarCollapse.com
8/4/2008
http://www.dollarcollapse.com/iNP/view.asp?ID=71
Frank Barbera, Financial Sense
... An accident is at hand ...
U.S. Senator Jim Bunning, addressing Ben Bernanke and Hank Paulson
... Now the Fed wants to be the systemic risk regulator. But the Fed is the systemic risk ...
Ted Butler, Investment Rarities
... the removal or resolution of the silver short position threatens the very existence of the silver market ...
Richard Daughty, the Mogambo Guru
... even now, the one-month lease rate for gold is zero, and is staying at zero! Borrow gold at an interest rate of zero!...
Ambrose Evans- Pritchard, Telegraph UK
... It feels like the summer of 1931 ... True "mean-reversion" would imply debt deflation on such a scale that would, if abrupt, threaten democracy ... China, India, East Europe and emerging Asia have all stolen growth from the future by condoning credit excess ...
Bill Fleckenstein, Fleckenstein Capital
... Behind the scenes, many parts of the credit/mortgage market were "offered only," with no buyers in sight for troubled loans ...
David Galland, Casey Research
... At this point, our bet remains that the Feds will go to default mode which means cranking up the printing presses into the red zone ...
Peter Grandich, Grandich Letter
... As unimaginable as it seems, we could be in just the first half of the worst stock market decline in all of history ...
Eric Janszen, iTulip
... In the Internet age the inflation meme will spread like wildfire driving precious metals hoarding behavior like nothing before ...
James Howard Kunstler
... These conditions will now get a lot worse, no matter whether the banks continue to conceal their problems. All of it leads to an inflection point that coincides with the November election ...
Doug Noland, Prudent Bear
... we expect the unfolding economic adjustment to be of such a magnitude as to be classified as an economic depression...
when one considers the scope of derivative strategies that incorporate "delta hedging" trading dynamics where the amount of selling/shorting increases as the market declines (systemic risk increases), one recognizes the possibility of a marketplace dislocation along the lines - but significantly more systemic - than the portfolio insurance fiasco that fueled the 1987 stock market crash...
Ron Paul, Texas Congressman
... Some argue that giving dictatorial powers to the President, just as we have allowed him to run the American empire, is what we should do. That’s the great danger, and in this post-911 atmosphere, too many Americans are seeking safety over freedom ...
Nouriel Roubini, RGE Monitor
... the time for such independent broker dealers is now gone as, given their wholesale overnight funding - they are subject to bank-like runs much more severe than for banks ... if we fiscalize all of these losses the U.S. may fast lose its AAA sovereign debt rating and eventually end up like an insolvent banana republic ...
Steve Saville, Speculative Investor
... In fact, for a politician to be successful it is almost a prerequisite that he/she be prepared to make full use of the inflation tool to garner votes ...
Peter Schiff, EuroPacific Capital
... The grim reality is that trillions of dollars were borrowed and spent that will never be repaid. No government program can alter that fact. Someone is going to have to pay the piper for all those granite counter tops and plasma TVs ...
Darryl Robert Schoon, SurviveTheCrisis.com
... No economy, however, no matter how strong initially, can out run the constantly compounding debt of credit-based money, not even the United States ...
Mike Shedlock, Mish’s Global Economic Trend Analysis
... The credit crunch is not only pervasive, it has now reached critical mass where it will start feeding on itself. The Fed is powerless to stop it ...
James Turk, Freemarket Gold and Money Report
... I am therefore now prepared to say that gold will never again go back below $850. Gold is just too cheap and the dollar is being inflated away too rapidly for their exchange rate (what we call the "gold price") to ever again return to that level, regardless of the determined efforts of the gold cartel to cap gold’s price ...
Christopher Whalen, Institutional Risk Analyst
... The implosion of houses such as Bear, Stearns, LEH and, yes, eventually even Goldman Sachs suggests that this pure "agent" institutional dealer business model may be doomed ... Indeed, many of the systemic, market structure issues upon which we harp endlessly call into question entire business models in the financial sector ...
Jim Willie, Golden Jackass
... We are witnessing the destruction of the US financial foundation to its very core, with most of its appendages wrecked as well ...
Internet Censorship Alert
Internet Censorship Alert: Alex Jones exposes agenda to 'blacklist' dissenting sites (March 14, 2010)
As I predicted, the Obama Administration is trying to shut down the Internet - at least the parts he doesn't like. Barack Obamas regulatory czar, Cass Sunstein has stated that he wants to ban conspiracy theories from the internet. Think about what this means - Every video, every website, every blog, every email, that exposes or just criticizes the government for any reason whatsoever could be labeled a "conspiracy" and taken down. Your home could be raided in the middle of the night, and you could be carted of to jail for criticizing the government. All they have to do is call it a "conspiracy theory".
http://www.youtube.com/watch?v=aqAWmBLFodE
Monday, August 25, 2008
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