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Real Crash - by Howard

 
Hedge funds are gambling, while production is crashing. The real estate bubble is over, and going down. New York City is beautiful, that's why I take pictures of it, but it's the belly of the beast.

What's in Vogue, Madonna?

October 24th 2007 15:24

Madonna on what's in vogue
Madonna on what's in Vogue



Let your pyramid build on and even higher, baby;;
Make money that's what it's for;;
Creativity is what you desire- honey;;
The crash is closing the door;;

It makes no difference if your crimes are rife;;
Whether you are black or white;;
Securitization- it will give you new life;;
Your a rip-off star, that's what you are;;

MLEC, Vogue-- The master liquidity enhancement conduit under attack!
MLEC, Vogue- You got to put your reason, way way back, and do it!!

You've got backing from the Fed Reserve,,
Citibank, Morgan Chase, Bank of A,
C'mon everybody get back on the trading floor!!

Hundred billion more bucks to play the game some more, Vogue!!

pix: Really Long Link
http :// www. sisterray.co.uk/index .php?cPath=59_274

With the economic collapse, which really happened in June 2007 with the collapse of the Bear Stearns hedge fund game, unwinding, things are changing rapidly. It's gone way beyond the real estate bubble and bad mortgages. Of course, the social crisis of ruining whole communities is a real danger, through evictions, etc.For example, Lyndon LaRouche is definitely becoming in vogue. That is if you don't by the greenie crap that it's good to collapse industrial civilization and the financial system-- because "we need to go back to a simpler lifestyle. Here are some excerpts to a little talk the geezer gave in Ascoli-Picoli, Italy. Andrew Spannaus is the translator:

What I'm doing presently, is I've been pushing a piece of legislation for adoption by the U.S. Congress. We're having quite a fight about it, but it's important: It's a piece of legislation which would stop all foreclosures, that is, forcing people out of their homes, and would also prevent any foreclosures of banks, that is, the regular banks of the national-chartered banks or the state-chartered banks in the United States, and would give us time, by creating this kind of what I've called a firewall, to put through other reforms which would lead to recovery. If the United States begins to move in that direction, it's obvious that other nations will begin to move, and in that way, I see a possibility of a recovery, which is going to take a lot of work from some of us, to make it happen.

And as then, when I was last there in Ascoli-Piceno, I would hope that we are defending, effectively, the local industries, which as I emphasized then, I thought would be the best security of the region against what would be hitting Italy as a whole, especially the collapse of the major industries around the northern part of Italy. As you know, then as now, I was very much in favor of large public infrastructure programs for essential infrastructure for nations as a whole, internationally, but with a greater emphasis on smaller, privately held industries, as opposed to giant industries. I'm not against giant industries, but I think a dependency on these industries exclusively is a great source of weakness, and tends to prevent the rational development of local regions with nations.

I am thankful for this opportunity to speak with you, and will try to answer any questions you have.

ANDREW SPANNAUS: Okay, the question is: "How do you see the current situation, in terms of the war, and the possibility of new wars, and what effects could this have on the international situation?"

LAROUCHE: The danger of war now is the same kind of danger that we had in Europe, between the wars of 1895 through 1945: That a global financial-economic crisis produces the preconditions for great wars. The danger now of war, is great--of general warfare. However, the reason for the danger of war does not come from local regions of the world. It comes at the top of the international monetary-financial system's crisis. And under conditions of crisis, as before, as between 1894-1945, the war dangers of that period, the war danger today is the same general nature: Therefore the efforts to stabilize the world economy, and to strengthen cooperation among nations, particularly today, for example, between Europe and Asia, that this cooperation is essential, if we are to build a successful barrier against war in this period.

This is why I'm so happy about the fact that Russia has decided to proceed with development of a Bering Strait railway which would connect Eurasia, with the Americas. This kind of rail system would open up the world for new kinds of economic cooperation, on a global basis which is not presently possible. Such measures as this, are, in my view, the long-term prospect for peace. While this project will take years to develop, nonetheless, the commitment to do it, and to establish the treaty agreements for it, will, I think, serve as the best possible alternative to war, now.

SPANNAUS: Thank you, very much.
LAROUCHE: Well, thank you.
SPANNAUS: Arrivederci.
LAROUCHE: Arrivederci.

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