No Economy left to Recover

Peelo

Guest

« on: July 16, 2009, 01:41:47 PM »

http://informationclearinghouse.info/article23068.htm

Article by Paul Craig Roberts.
Pretty grim reading I have to admit, but Mr Roberts lays it out very well. You don't have to be an expert in the financial boondoggling, to understand why the economy won't recover. Thanks to globalisation, outsourcing and bubbles, there is no real economy left beyond paper shuffling. Even though I don't live in the US, many things discussed in this article are the exact same things that have been going on in Europe, minus the reserve currency role, of course.


	Logged

ninakat

Hero Member

Posts: 1985

Re: No Economy left to Recover

« Reply #1 on: July 16, 2009, 01:49:25 PM »

And it's interesting to read more about Paul Craig Roberts on wikipedia, FYI: http://en.wikipedia.org/wiki/Paul_Craig_Roberts


	Logged

A pessimist is a well-informed optimist.

Peelo

Guest

Re: No Economy left to Recover

« Reply #2 on: July 16, 2009, 01:56:04 PM »

Yeah being dubbed the father of "Reaganomics" isn't something to be proud of, but I still wouldn't dismiss everything he says because of that.
I get the sense he isn't happy about that mantle anyway.
You know how the retired generals are often really critical about the wars they fought in? I think it's the same with Roberts. He has no political ambitions left, so he is not worried about the consequences of what he says.


« Last Edit: July 16, 2009, 01:58:52 PM by Peelo »	Logged

FullRefusal

Hero Member

Posts: 578

Re: No Economy left to Recover

« Reply #3 on: July 16, 2009, 02:20:21 PM »

Quote from: ninakat on July 16, 2009, 01:49:25 PM

And it's interesting to read more about Paul Craig Roberts on wikipedia, FYI: http://en.wikipedia.org/wiki/Paul_Craig_Roberts

He knows the Reganomics shit was wrong and He know's what going on. What, are you saying Wikipedia is a bastion of Truth? Either way, DR. Roberts is a lot more knowledgable on how the economy really works then anyone on these forums so it would be wise to think about what he is saying and not just blow it off because you are trapped in a false left-right paradigm and can't get past the fact that he worked for the enemy.


	Logged

TLR1138

Hero Member

Posts: 5023

Re: No Economy left to Recover

« Reply #4 on: July 16, 2009, 03:09:01 PM »

I've been reading Roberts' editorials since the late 80s, when he left the Reagan administration, and he's been undergoing a gradual, but radical, shift in his thinking over the years. Especially in the last decade.


	Logged

“We don’t have a lot of time on this earth. We weren’t meant to spend it this way. Human beings were not meant to sit in little cubicles staring at computer screens all day, filling out useless forms and listening to eight different bosses drone on about mission statements.” – Office Space

Chesyre

Hero Member

Posts: 9421

Goddamnit Ches, I just spit rum all over my laptop

Re: No Economy left to Recover

« Reply #5 on: July 16, 2009, 03:18:49 PM »

does it take a PHD in economics to discern that an economy that is based to a large percentage on everyone washing everyone elses laundry is doomed ?
that there are only 3 laundry washers paying into every retired washers pension fund ?


	Logged

Far beyond the plains of joy and despair is a citadel , I will meet you there

Post crash I plan on asking christians , how come they didn't get raptured ).

Peelo

Guest

Re: No Economy left to Recover

« Reply #6 on: July 16, 2009, 03:39:49 PM »

Quote from: Chesyre on July 16, 2009, 03:18:49 PM

No I guess not. It's just that when a regular guy says that the economy is about to tank, he gets laughed at. People tend to listen to "experts" and Dr Roberts has more common sense than all the Krugmans blathering on the telly.


	Logged

Ovis Suburbanus

Sr. Member

Posts: 392

Purchase my new Peak Oil T-shirt design!

Re: No Economy left to Recover

« Reply #7 on: July 16, 2009, 04:22:25 PM »

"No Economy left to Recover"

That's my thinkin...


	Logged

S E Pearson

Hero Member

Posts: 554

Re: No Economy left to Recover

« Reply #8 on: July 16, 2009, 05:07:10 PM »

Reminds me of that scene in Top Secret

General Streck, German High Command: [talking on the phone] What is the condition of Sergeant Kruger?
[pause]

General Streck, German High Command: Very well, let me know if there is any change in his condition.
[Hangs up]

General Streck, German High Command: He's dead.


	Logged

"The only ones left with any confidence at all are the New Dumb. It is the beginning of the end of our world as we knew it. Doom is the operative ethic."

H S Thompson.

Kingdom of Fear: Loathsome Secrets of a Star-crossed Child in the Final Days of the American Century (2004)

Armageddon

Hero Member

Posts: 829

Re: No Economy left to Recover

« Reply #9 on: July 16, 2009, 05:28:14 PM »

Great read, thanks for posting. I like that Roberts dude. He is a regular guest on Alex Jones.


	Logged

Pages: [1]

« previous next »