Jim Cramer is so right on about one thing

[Celebration]

Not always on the same page with him, but he is saying over and over, "who here doesn't think they (the vultures, presumably) won't come after us next?" when talking about Spain and Greece. He is pointing out that all the money that has been thrown at the banks hasn't worked, and that something needs to be done directly with housing, worldwide. He is also basically begging Geithner to issue tons of long term bonds NOW while we have the chance.

I heartily approve and concur with all of this. He is continually broadcasting this meme. I hope someone will listen. Since it is as obvious as the nose on the face, if they don't listen, I might have to jump into the conspiracy camp, that someone proactively wants to take us down.

[Trajan]

1. Macroeconomics are ridiculous ....

what works ? ..... How about WAGE INCREASES ? ... More money in the workin man's pocket = more money spent at the store buying goods = more people put to work to make those goods = producers enjoying increased sales revenues and greater profits ....

I say; If you are NOT talking about increasing wages, to help long suffering wage earners, then you miss the point entirely ...

Until then. you will continue to 'fail' to get the economy to 'work'

[Celebration]

2. wages won't go up

they will go DOWN drastically, when the vultures turn to the USA to short, like they are doing Greece and Spain.

[southernyankeebelle]

3. "someone proactively wants to take us down". Interesting. Thank the republican party plus

corporations. They want us begging for minimum wage jobs. Minimum wages can't even afford to rent an appartment.

[Celebration]

4. it's more than that

"They" may want to usher in a world currency, and crush our constitution. I have never bought into this in the past, but the moves in Washington, or lack thereof, just make no sense in any other context. And the tentacles are in both parties................think about it--our basic economic policies have changed very little since the beginning of the economic crisis. Obama concentrated on getting health care passed, but virtually ever other economic policy is untouched.

[southernyankeebelle]

5. Until I see the bankers and wall streeters who destroyed this economy and got away with it walk the

walk of shame then maybe I'll respect our politicians.

[cyberpj]

6. It's taking a while but they're getting there:

And it serves to explain the gathering and hoarding of gold and silver by those 'in the know'.
Except I'm not sure ANYONE can really KNOW how such a thing would play out.

But here's a group that is for it so I guess I'll go read some of their reasons why:

"A global economy requires a global currency"
Paul Volcker, former U.S. Federal Reserve Chair

Welcome to the Single Global Currency Association's website

This is the home page of the Single Global Currency Association, which is dedicated to the goal of implementing a Single Global Currency, within a Global Monetary Union and managed by a Global Central Bank by 2024. We shall achieve this goal through education and persuasion.

We believe that once the peoples (including their corporations and labor and other organizations) of the world understand the benefits of a Single Global Currency, they will demand it from their governments. The Single Global Currency is what the peoples of the world need, and it is what they want.

http://www.singleglobalcurrency.org/

[Celebration]

7. egad!!!

Yeah, a combined currency is working out so well for the Eurozone, right?

[cyberpj]

15. And it SO makes sense that 'they' would have decided long ago to use that as a test experiment.

Sometimes we forget just how long term 'their' thinking can be.

[Po_d Mainiac]

8. Vultures feed on crap that ain't gotta pulse.

Tons of bonds? There is that debt ceiling thingy.

Friends don't let friends listen to Cramer.....BTW, Housing probem? <headscratch> Cramer called the bottom years ago. Right after his historic BS call.

[Celebration]

9. on this, he is right--he isn't and hasn't always been right

While rates are low, we need to refinance and issue thirty year bonds, so we won't be held hostage to the vultures when we try to refinance short term. The Fed may be keeping us from doing that, since they are buying much of our paper anyway. There will be some kind of workout on the debt ceiling thingie at some point, which will include a lot of refinancing being done. Even if it doesn't increase, and we only have to refinance, the vultures can close in. We are perfectly set up for it. Why not refinance and issue longer term debt at low rates while we have the chance? If we don't, even if short term rates go up a little bit, our debt soars out of control, because so much of our budget is interest expense, or would be, if interest rates increase.

[Po_d Mainiac]

11. And the buyers of long term issuance at

ZIRP will be?

Issueing tons of bonds and worldwide housing have what in common? (other than sharing the same paragraph in the OP)

[Celebration]

12. what they have in common

are two things that we are doing wrong with regard to the economy.

People are buying ten year US Bonds now. After all yields are at a record low. Why don't we sell more of them, lengthen the maturities, so that we won't have the pressure of refinancing our debt short term when interest rates go up? I am not sure what is controversial about that. It makes complete sense. So you would rather keep our debt obligations sort term? Why? When interest rates go up our deficit looks way worse than it already is.

[mother earth]

10. Conspiracy crap is no longer tinfoil, frankly it is making more and more sense that it's intentional

furthermore, "won't come after us next?" they've been playing us right along. I think it's looking more and more like a house of cards & it's more a question of when. Trendsetter, Celente, is saying bank runs by this end of this year here. When I first heard that I thought it was inconceivable, now, not so much. We are being purposely and intentionally pillaged, because they can & they will, & they are. It's just gone global. No accountability, no legal ramifications, no trials, no jailing...biggest heist ever.

Here's this from Krugman's site:


http://krugman.blogs.nytimes.com/2012/05/13/eurodammerung-2/#postComment

Some of us have been talking it over, and here’s what we think the end game looks like:

1. Greek euro exit, very possibly next month.

2. Huge withdrawals from Spanish and Italian banks, as depositors try to move their money to Germany.

3a. Maybe, just possibly, de facto controls, with banks forbidden to transfer deposits out of country and limits on cash withdrawals.

3b. Alternatively, or maybe in tandem, huge draws on ECB credit to keep the banks from collapsing.

4a. Germany has a choice. Accept huge indirect public claims on Italy and Spain, plus a drastic revision of strategy — basically, to give Spain in particular any hope you need both guarantees on its debt to hold borrowing costs down and a higher eurozone inflation target to make relative price adjustment possible; or:

4b. End of the euro.

And we’re talking about months, not years, for this to play out.

[Shagman]

17. another interpretation

My own belief is that, without evidence to the contrary, you can explain economic conspiracies as the result of greed and ignorance. In this case, there are banks such as Goldman Sachs who have learned how to make money off the misfortune of others. They were greedy, saw an opportunity in Greece, and happily refinanced their bonds. They didn't understand, or didn't care, that those bonds would wreck the Greek budget, destabilize the government, and even threaten the euro. Even now they're probably working on how they can profit from the chaos.

If Goldman Sachs had been on the Titanic, they'd have sold you ice from the iceberg, taken bets on how long the ship would stay afloat, and offered to advise you on how to find a seat in a lifeboat.

[mother earth]

18. Shagman, I think you are on to something. Well done, well said! :)

Although, I still believe we are held captive by the dominoes, any way you look at it.

[upi402]

13. if he says it

i aint worried it will come to pass


whew!

keep yackin' jabbering Jimmmy

[Roland99]

14. issuing tons more debt? Well, at least it will be a very low rate of interest

10-yr treasuries continue to hit all-time lows. Now down to 1.575%.

[Celebration]

16. exactly

we would replace the current reliance we have on short term debt with longer term debt. It only makes sense to do it now, whether you believe the vultures will be out to get us or not.

[OllieLotte]

19. I would never buy them. I can't imagine buying any government debt. n/t