tag:blogger.com,1999:blog-17473688.post4090053052534541029..comments2024-03-29T22:11:27.145+08:00Comments on My Singapore News: Preventing a meltdownChua Chin Leng aka redbeanhttp://www.blogger.com/profile/11743716923635835397noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-17473688.post-44290364974730779652007-08-13T08:38:00.000+08:002007-08-13T08:38:00.000+08:00leave it to the american financial geniuses to sol...leave it to the american financial geniuses to solve their own problems. nice to watch.Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-48565320609402673482007-08-13T02:17:00.000+08:002007-08-13T02:17:00.000+08:00The worst thing to do is to pump more money (curre...The worst thing to do is to pump more money (currency) into the system.<BR/><BR/>The system is cracking because of too much created money (i.e. increase in the money supply). Pumping in more is like giving someone with cancer more cancer cells.<BR/><BR/>Benanke is obsessively fixated to not allow deflation to occur, and so he pumps, everyone pumps.<BR/><BR/>To both anonymouses: In as much as the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-66289175697315783092007-08-11T12:36:00.000+08:002007-08-11T12:36:00.000+08:00Read Mike Whitney's article on Aug 7 in www.smirki...Read Mike Whitney's article on Aug 7 in www.smirkingchimp.com.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-78054064029081439482007-08-11T12:11:00.000+08:002007-08-11T12:11:00.000+08:00Many Chinese analysts have already predicted a gra...Many Chinese analysts have already predicted a gradual downplay of the US economic might at the pacific century where the baton is handed back to where it has belonged for past millenniums. Unfortunate to the US these are zero sum game things; something has to give and we feel bad to see the sharp decline in American lifestyle following this great wealth transfer. <BR/><BR/>We are sad to see themAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-35856869976150037042007-08-11T10:51:00.000+08:002007-08-11T10:51:00.000+08:00America is in deep shit and they are just trying t...America is in deep shit and they are just trying to put on a bold front. Hugh deficits, hugh foreign debts, people used to spending on credit with no savings. The whole world is helping to support the American lifestyle. It is now coming apart.Anonymousnoreply@blogger.com