cryptogon.com news – analysis – conspiracies

February 26th, 2009

One of Cryptogon’s core contributors created this presentation. He will be showing this to executives at a large financial organization. (He asked me not to say which one.) He’s very interested in getting feedback on this:

I’ve included my comments below:

Hi [Deleted],

This presentation is very good. For a mainstream audience of [Deleted],

this goes pretty far. I’m quite surprised they would be at all receptive

to anything like this…

If it was me presenting this, I would focus a little more on the role

that exotic derivatives have played in this. The commoditization of

traditional loan products, and the resulting derivatives became an

addiction that most banks (and many other financial entities, pension

systems, municipalities, NORWAY! etc) simply could not resist. That’s

what’s different about this “bust” cycle. It could be orders of

magnitude worse than anyone thinks because this type of leverage has

never been used before.

Also, as to the question of why other countries continue to provide

credit to the U.S., yes, the U.S. military is an issue, but I would

argue that it’s a house of cards. In my opinion, the core of it is

economic. Look at economies like Germany and Japan. Where would they be

without the U.S. to dump finished goods? Many countries are heavily

dependent on exporting finished goods to Americans who can no longer

keep the Ponzi scheme expanding.

This is an endemic flaw in the system. This is structural. It has been

allowed to continue over decades, and it is now off the rails.

I love the Long Term Scenarios matrix on slide 17. Man, nobody said it

was going to be easy!

I can’t agree with you more on slide 19, How to Heal the Economic

System. That’s it. That’s what has to happen.

I feel as though a new economic paradigm could spring up around JUST

food and clean energy projects. It wouldn’t be limited to that, of

course, but these are areas of massive importance to everyone. Areas

where people can participate by the millions. Of course, doing things

that make sense along these lines are illegal, or have compliance issues

associated with them to make them impossibly expensive and cumbersome to

consider.

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