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degaul 2008-11-14

I must disagree strongly with the idea that no one saw this coming or it went unreported. The unfortunate truth is their were many people ringing the alarm bell of what was coming. The problem was the mainstream press refer to these people as crackpots, fringe people and morons. For a very long time Joseph Stiglitz, Nouriel Roubini and Paul Craig Roberts warned all of us and laid it out chapter and verse. The fact is everyone knew, and no one dared speak of it. Myself, I think this whole mess was an orchestration choreographed by those who are in the business of disaster capitalism. To these people stealing the pennies off a dead child's eyes is an act of mercy; they are relieving the dead child's suffering by unburdening him or her from carrying the weight on their still eyelids.

Saturn_ls1 2008-11-11

Agree very much with Blake's comment. Ann Pettifor has solid understanding of how we got here which leads to valuable comment.

bdanaher17 2008-11-10

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halton 2008-11-09

as we were trying to say to you here & Michael Moore World Bank head warns financial crisis could drive up number of poorComment59 Robert Zoellick says frozen credit is preventing global trade and slowing down remittances that many families in so called developing countries depend on http://www.reportonbusiness.com/servlet/story/RTGAM.20081108.wzoellick1108/BNStory/Business/home

halton 2008-11-09

Even if We Don't agree with the last Writer totally Then there's the World Blackout reporter's Afghanistan kidnapping posed HUGE dilemma for media here in North America Another decision to hold off on reporting about the abduction in Afghanistan presented an ethical dilemma for the news media... as so much of this goes on with other issues too http://www.topix.net/world/canada/2008/11

Blake 2008-11-08

Interesting to hear people articulating such convoluted excuses. With the exception of Ann I was under impressed with the other panelists. Maybe Ann might consider some tuition classes for the rest of the panel. Your sources are obviously useless, is there more to come down this pipe, can it get worse. This WAS predicted see http://www.leap2020.eu. Also, one has to consider, see http://www.usnews.com/blogs/new-money/2008/10/09/maxing-out-the-national-debt-clock.html. Might we see USA defaulting again soon? Best of luck Ladies and Gents, shall the USA default again as it did in 1971. The US Debt to GDP ratio starts out just below 125% in 1952 and rises steadily to an enormous 333.8% by 2008. Needless to say, this is one major problem hampering the deleveraging we are now seeing in the financial sector. Yes that is 333.8%, and that figure is months old. You girls and guys are professionals, come on do your job, help us find out whats coming down the pipe.

halton 2008-11-08

North America World Citizens have to save for Rainy Days why can't GMAC be used to Bail Out GM ? GM says they need help after $2.5B third quarter loss General Motors Corp. reported a $2.5 billion loss in the third quarter and warned Friday that it could run out of cash in 2009 if the U.S. economic slump continues and it doesn't get government aid. same goes for Ford & Chrysler Financial - Home Auto financing deals can be found at Daimler-Chrysler Financial. Chrysler Financial Services makes it easy to finance your new vehicle. www.chryslerfinancial.com/ http://www.topix.net/world/canada/2008/11/north-america-world-citizens-have-to-save-for-rainy-days-why-cant-gmac-be-used-to-bail-out-gm

halton 2008-11-08

Guess What U tube has deleted from us Seeing ??? tomleeman 2008-11-07 Many people were sounding the alarm one was Robert Shiller in his books irrational exuberance 1 and 2 check out my song about this http://www.youtube.com/watch?v=njsIl0CaIsU

halton 2008-11-08

We wrote Michael Moore when he also put out a news release about the auto sales being the same re getting loans & house financing like the fellow at time index 23:23 but the street was telling us that the banks were the problem about NOT lending out cash

halg 2008-11-08

It's pleasing to see and hear another point of view re America's incompetence and deception in finance. These Brits are generous in not laying more blame on us (U.S.). I especially liked the respect for lay people's interest and their ultimate ability to understand the issues. It is correct that American news is full of bullshit that should be condemned by the rest of the world's press.

tomleeman 2008-11-07

Many people were sounding the alarm one was Robert Shiller in his books irrational exuberance 1 and 2 check out my song about this http://www.youtube.com/watch?v=njsIl0CaIsU