Chile Forum

Yes we are in the same economic boat, but the boat has limited number of rafts and vests for the quantity on board. Each generation has their bubble and bust and the majority always seem to end up broke.

I have more of a raft and wear more of a vest than most as I was one of the paranoid maniacs jumping up and down crying wolf long before the majority realized something was amiss.

Chile in some ways is part of that strategy. Only 16 mill and enough to feed itself and more. I was impressed by the high-level turnout at the recent UNASUR meeting. With the resources of the countries involved, parts of SudAmerica might actually be the best places to ride out this world crisis.

eeuunikkeiexpat wrote:paranoid maniacs jumping up and down

i heard some interesting comments on NPR yesterday....i think it was from a new york times reporter, but i'm not sure....anyway...he said that the final pieces of the grand scheme are about to fall into place....the bush administration will push hard for immediate congressional action to bail out the financiers who created this mess and will not allow any discussion of regulation or accountability....anyone who objects will be accused of stalling the action needed to save the country....after the november elections bush will issue pardons to the criminals behind the war and the rape of the banking system....the next administration will have to pick up the pieces of a broken system, and the lobbyists will all be there to help.....obama won't be able to change much....the corruption is too deeply embedded within the system.

WHO IS JOHN GALT?

and

WHERE IS JOHN GALT?

maybe Galt's Gulch is somewhere in South America

No...A group of bankers spearheaded by Thomas J. Lamont of J.P. Morgan organized an infusion of capital to mitigate the onslaught of selling of stocks on the New York Stock Exchange just days before the main crash on October 29th-31st. This was when 'Dick Whitney' made his infamous walk across the NYSE at the height of the panic on October 24th, 1929, 12:30pm-1:30pm (Black Thursday) buying stocks hand over first. That turned around confidence for the day and stocks rallied strong to even close green. However, investors went back to reality the next Monday (October 28th, 1929). Then stocks crashed (October 29, 1929).

What we are in now is a repeat. The emergency action on Thursday (September 18th, 2008-1:00PM) of an RTP plan is another 'Dick Whitney' perp walk to get insiders out before the collapse. We are very close now. I would not even be surprised if history repeats here and we crash on Tuesday September 23, 2008.

eeuunikkeiexpat wrote:WHO IS JOHN GALT?
and
WHERE IS JOHN GALT?
maybe Galt's Gulch is somewhere in South America

Join now!

admin wrote:...These are people that normally encrypt their concerns carefully in technical talk, that are bluntly saying RUN!!!

That's the interesting thing to me. It's not only 'fringe' people saying this stuff anymore it's traditional and supposedly conservative financial analysts saying it. And the reaction of boobus Americanus? zzzzzzzzzzzzzz, snore. When I came back to the USA I noticed that typically norte-Americano indifference and ig-norance of the things they don't want to face. In this case the impending financial catastrophe. I don't say Americans are ignorant, because there is nothing wrong with being truly ignorant (as in a person just doesn't know) but the IG-norance of this crisis that people display here is alarming. They think if they ignore it hard enough it will go away. It's such a typically American thing, that blithering irrelevence and self-centeredness. IMO, Amuricans are in for a nasty awakening in the cold hard light of morning. They're gonna have a brutal hangover after the party is over. Certain politicians have said "the American way of life is not negotiable." Deadman walking. That's why I think it's gonna get quite ugly in the USA, I expect the worst. I just have a bad feeling.

In their defense, Americans are the most lied to people on Earth with several gigantic 'news' outlets spewing nonstop lies and spin 24/7/366, after awhile I guess people get 'disaster fatigue'. I look around and I can't see it ending in anything other than in a full on disaster of Mad Max proportions. There will be no last second save, the time to fix things was twenty years ago. The USA will never get back to normal. I'm not a pessimist but I want to know how it will be OK. Tell me how. I can't see it ending well. Obama? McInsane? puh-leeeez, be serious. Tax payer funded bailouts of greedy mega-corps? (Freddie, Fanny, AIG, etc.) Non-stop war and lucrative govt. contracts for defense contractors? They don't develop all those microwave crowd control weapons for crowds of Iraqi's.

American's have a conceited attitude that if they fall the world falls. In a limited sense it's true. The collapsing dollar based fiat money system will cause plenty of hardship, I believe mostly in the USA, Europe and China. BUT.....in many places after an initial shock things will get back to something approaching normal in a few months, IMO. I think Chile is one of those places, it's not as connected to the matrix. Sure, expect riots in Stgo. and lots of rhetoric, etc. but it will be far worse in the USA and Europe than in Chile.

Chile will fare better. It's isolation will work in it's favor during the next 10-15 years. I hope to be back before it gets too wild here in the Homeland.

my 2 peso's.

This is just in from WSJ:
http://online.wsj.com/article/SB122191819568460053.html

Good insights. I perceive the reference to the 'Dick Whitney' perp walk to be on target - it will take a week to argue over details while many stay in a holding pattern based on the illusion of a solution vs. all sell orders on Monday, but how can it be that this solution is considered reasonable? The better of two evils doesn't seem to be firm ground at all and who will buy this debt? There are cracks in support already showing in the WSJ article.

Please save some chicha for those of us en route from stateside

I hope that legislation covers all provisions and loopholes, the last time congress and this inept administration passed emergency legislation like this was the Patriot act, and we all know how well that work out.

Hope this do better this time.

Please save some chicha for those of us en route from stateside

Sorry Putenio, EEuu and i got through it all this afternoon