10/21/08: PBS NEWS HOUR Interview with Nassim Nicholas Taleb, famous economist and author of “The Black Swan” and Dr. Mandelbrot, professor of Mathematics. Both say that the present economy more serious than the Great Ddepression and the economy during the American Revolution.
Duration : 0:9:57
April 29th, 2009 at 3:43 pm
The ‘HOWS’ of ‘ …
The ‘HOWS’ of ‘contraction’ are complicated but the FACTS are plain, simple and undeniable: GOP policies have transferred BILLIONS to an increasingly tiny elite. Just like Rome. Rome fell because it’s primary exports were death and destruction. History repeats.
April 29th, 2009 at 3:43 pm
a recession is two …
a recession is two consecutive quarterly slumps in the GDP growth, and is much more complicated…however i agree that the rich s aren’t helping :p
April 29th, 2009 at 3:43 pm
No, you will get …
No, you will get 251 answers, according to the historic equation of: # of opinions > # of economists.
Actually, by the time you get the opinion of the 250th economist, the 1st one will have changed his mind, and you will go through an entirely new set of opinions. In this case, there are infinite opinions.
“If you put all the world’s economists in one long line, you still wouldn’t reach a conclusion”
April 29th, 2009 at 3:43 pm
Recessions and …
Recessions and depressions are often called ‘contractions’, characterized by ‘contractions’ of the money supply.
When the ELITE ONE PERCENT of the population corners the market on wealth, a DEPRESSION should come as no surprise.
It results when the greedy s –just one percent of the population –EXPORT their ‘winnings’ to offshore bank accounts and other tax havens. The other word for that is CONTRACTION or, in other words, economic depression.
April 29th, 2009 at 3:43 pm
Cynics believe that …
Cynics believe that folk are naturally GREEDY s. The fact that ONLY ONE PERCENT of the population have benefited from right wing tax policies is no accident.
Greedy s are just being greedy s. Some, however, are more greedy than others. The results of UNBRIDLED GREED can be measured with mathematical precision by economists.
April 29th, 2009 at 3:43 pm
yup.
still, its …
yup.
still, its the governments fault.
people are just being people.
=]
April 29th, 2009 at 3:43 pm
Only about ONE …
Only about ONE percent of the nation owns more than 90 percent of the rest of us. These holes not only saw it commin’, they triggered it by BAILING OUT early. Leaving the ‘little people’ to pick up THEIR tab.
At the end of the WORST FINANCIAL CRISIS since the Great Depression, these ELITE holes will be EVEN RICHER.
April 29th, 2009 at 3:43 pm
“….the money isnt …
“….the money isnt lost”
More accurately, it never existed.
Until the crash proved otherwise, it was fashionable to consider DEBT as equivalent to money. Trouble is –DEBT is NOT money and never was. And anyone who has ever considered the significance of the accounting equation –capital equals ets MINUS liabilities knows the truth of it.
As in all crashes, the BILL has come due but cannot be paid.
April 29th, 2009 at 3:43 pm
Last time I checked …
Last time I checked the official stats, some ONE PERCENT of the nation’s population owned more than about 90 percent of us combined.
You can bet these folk not only saw the collapse ‘commin, they might have precipitated it by withdrawing their ‘winnings’, i.e, profits.
By doing so, they triggered a ‘collapse’ of various markets –money, stocks, etc.
When everyone else has gone belly up, these folks will simply walk BACK in and PICK UP THE BARGAINS.
They manipulate all markets.
April 29th, 2009 at 3:43 pm
Yep, and I am …
Yep, and I am betting the new administration won’t do anything to make him pay for it either. These politicians are all the same, they just use different party names to try and make us think they are different, I bet.
April 29th, 2009 at 3:43 pm
There are a lot of …
There are a lot of different kind of currents and not all of them are based on money. If you put 250 economist in a room and ask them to make predictions you will get 250 different answers. Love em!
April 29th, 2009 at 3:43 pm
When Chuck Norris …
When Chuck Norris plays Monopoly, it effects the economy.
April 29th, 2009 at 3:43 pm
“It’s the Jews my …
“It’s the Jews my friends, the covetous Jews.”- Yes Cartman cracks me up also.
And you obviously don’t mind making yourself a punchline. I can guarantee that there’s no genetic predisposition towards plotting the collapse of the world economy, a cultist movement of the dramatic scales that you imagine, or any anti-christ under your bed.
April 29th, 2009 at 3:43 pm
Interesting. …
Interesting. Basically what they’re saying is that standard currents, the known waters of economy, are mapped well in the market system, but that if multiple “minor” currents enter a relatively erratic state almost nothing is understood, and that the impact of sudden change is working at a seriously increased potential compared to the past.
April 29th, 2009 at 3:43 pm
Hey idiot bigot: …
Hey idiot bigot: Rockefeller wasn’t Jewish, neither was J. Pierpont Morgan, neither was Carnegie, neither was Stanford, neither was Vanderbilt…….there are good and bad in every population segment
April 29th, 2009 at 3:43 pm
owzabobo
F*CK you …
owzabobo
F*CK you and your ignorant White Supremacist rant.
Research the problem and stop being so pathetically brainwashed. Most of the corporate crooks are so-called “Good ” Christians
April 29th, 2009 at 3:43 pm
The jews have run …
The jews have run away with billions by loaning out money from the banks to sub prime loan applications that have all defaulted mostly loaning to black families that didnt pay … the investment bankers (jews) paid themselves billions while loaning out the banks money to horrible sub prime candidates (blacks) now they default they jews keep there pay the blacks dont pay and the banks are stuck with bad loans and either colapse or stop loaning to everyone.
April 29th, 2009 at 3:43 pm
what are you …
what are you expecting.
you might like to blame the bank too. but again, what the do you expect.
ultimately its up to the government.. the money isnt lost. but rather, misplaced..
April 29th, 2009 at 3:43 pm
icantfindanamethis
…
icantfindanamethis
that WOULD be cool–like Peter Finch (the newscaster in NETWORK) yelled during a live news broadcast- “I’m mad and I’m not gonna take it anymore!!”
Ever see that film? it’s old but even more relevant today than ever before
April 29th, 2009 at 3:43 pm
‘Daddy, why are you …
‘Daddy, why are you sleeping on the couch all night watching infomercial? The milk is three weeks old, its kinda lumpy.’
KA BLAM
‘….Don’t touch that dial, weve got a million more useless opinions from lizard brain rich geezers condescending to the great unwashed on your favorite 24 hour news station *insert triple letter designation here*! ‘
April 29th, 2009 at 3:43 pm
You know what I’m …
You know what I’m really looking forward to seeing? When people start cracking up on TV.None of this hissy fit anchor sh*t. I’m talking insane emotional outbursts, sudden suicides by police special, that kind of thing. Lets see if one of these talking heads keep their plastic smiles on with someone’s shotgunned brains all over their brand new Armani. THAT would be priceless.
April 29th, 2009 at 3:43 pm
these guys are …
these guys are right
the pebble in the pond has been tossed
tidal waves will hit the beach !
April 29th, 2009 at 3:43 pm
No
J P Morgan …
No
J P Morgan alone owes 200+ trillion dollars this has now been transferred to the American tax payers back.
a total of 1.8 Quadrillion is owed by American banks and now the Tax payer in USA since they transferred ownership of the banks to the Tax payer.
the bankers got rich and now the tax payers pay.
April 29th, 2009 at 3:43 pm
There’s something …
There’s something like 50 trillion in derivative debt. It’s far bigger than the stock market.
We are doomed. This government is going to crash and crash soon. We’re going to have a libertarian government without ever electing one because we’ll be broke and have to live within our means, and our borrowing will be financed by our own savings. The financial capital of the world will be in China and we’re going to see our standard of living cut in half, probably more for many, many years.
April 29th, 2009 at 3:43 pm
I hear ya dude. …
I hear ya dude. Yours and my crime is that we are little people and don’t have a lot of say. All I can say to the rest of my fellow little people is prepare for times of unequaled pain and hardship or socialism which will lock us tight into the lower rungs of the food chain. This is what happens when a country has a private central bank.