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Crewleader Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-18-07 02:19 PM
Original message
California Housing Market in My Eyes
 
Run time: 05:17
https://www.youtube.com/watch?v=kAXLdaV_QJ4
 
Posted on YouTube: June 30, 2007
By YouTube Member:
Views on YouTube: 0
 
Posted on DU: July 18, 2007
By DU Member: Crewleader
Views on DU: 625
 
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-18-07 03:17 PM
Response to Original message
1. It was all outlined and summarized a year and a half ago
...but none of these Senators/Representatives bothered to pay attention to the messengers and the top bankers just took their orders from the international global banking cabal:

<snip>
ECONOMY DESPITE ALAN GREENSPAN
What Connects the Dots?
by Lyndon H. LaRouche, Jr.
January 21, 2006


Both the U.S. economy, and also the world's economy, are now in the grip of the very advanced stage of what is, physically, not a mere economic depression, but a general physical breakdown-crisis of global society. Under any attempted continuation of the current, self-destructive trends in economic and related policies under U.S. President George W. Bush, Jr., the situation of the U.S.A. would become worse than merely precarious, that within a very short time to come.

In this light, there is no competent conduct of political business currently before the institutions of Federal, state, and local government which does not approach every leading issue of national and global policy from the standpoint of the immediate need to face the reality of a currently onrushing global economic breakdown-crisis of the existing world monetary-financial system as a whole. Failure to adopt an appropriate new global economic and monetary-financial system akin to President Franklin Roosevelt's intention for the Bretton Woods fixed-exchange-rate system, would represent reckless disregard for the continued existence of civilization.

In fact, there is no presently leading issue facing any and every part of the world, such as the spread of the continuing asymmetric warfare in Southwest Asia, and no other issue of U.S. national security or internal general welfare, whose solution does not depend on actions which must be premised on adopting a general, FDR-style, global economic and monetary reform as the entire platform on which solutions to any leading issue of policy must be addressed.

<snip>
In this presently actual global strategic situation, the most crucial among the reforms needed, to avert a now looming threat of a collapse of not only the U.S. economy, but also the world's as a whole, is a type of reform in the international monetary system which could not be competently launched by any nation other than a U.S.A. which were operating under not only a return to pre-1971 monetary-financial policies, but under physical-economic, social, and regulatory policies which would be fiercely contrary to the tastes of the current U.S. Bush Administration. Without radical reversal of trends which have been in progress for about forty years, especially the most recent thirty-five years, the world as a whole, led by our presently collapsing U.S. economy, would be plunged, for reason of precisely that 1968-2005 policy-trend, into what has been defined as of the type of a "new dark age" experienced as the mid-Fourteenth-Century European New Dark Age. This time, this would be, surely, on a global scale.

If you prefer continuation of the trend of policies under President G.W. Bush, Jr.'s Administration, you are choosing the worst disaster our republic has experienced since its founding.

This threat of a new dark age could be averted, and a genuine physical-economy recovery set into motion. The new economic policy announced in the recent Harvard University address by U.S. Representative Nancy Pelosi, points in that general direction. The recent revival of a more or less global return to a nuclear-power policy, points sharply in that direction. Without these and other, kindred changes, there would be no hope for civilization globally during the decades ahead.

However, those improvements are only a beginning, a good beginning; but, a much deeper and more general form of changes in policies of governments and public opinion, is urgently needed, if we are to actually reverse the present lurches toward the looming nearby precipice of global despair.

<MORE>

http://www.larouchepub.com/lar/2006/3307connect_dots.html

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Le Taz Hot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-18-07 04:08 PM
Response to Reply #1
2. Source: Larouche?????
Oh boy!
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Crewleader Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-18-07 04:50 PM
Response to Reply #1
3. thank you whistle for the link
...goes to show as you these Senators and Congress had their heads in the sand with what the turnout would do dropping interest rates so low by Greenspan...and now the fall out.
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-18-07 11:18 PM
Response to Reply #3
4. You are welcome
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