Naomi Klein was on Bill Maher's show and mentioned the "Debt Time Bomb"

[Postman]

That is being set for the next Administration.

I'm currently reading The Shock Doctrine and she is scaring the hell out of me.

If McCain becomes POTUS, God forbid, he will privatize Social Security. The Neocon, Chicago School of Economics fascists have been looking to destroy the New Deal and this latest economic "shock" may be just the impetus they were waiting for.

[pocoloco]

1. Leo taught them well!

[provis99]

2. and Andrew Sullivan is a total dick.

but anyone who saw that episode of Real Time probably figured it out.

[nichomachus]

3. Was there ever any question?

Sullivan is single because he never found anyone who loves him as much as he does. What a self-important horse's ass.

[judasdisney]

4. The $1.14 Q-u-a-d-r-i-l-l-i-o-n $$$ REAL timebomb: the Derivatives Market bubble

You ain't seen nothin' yet.

Wait till President Obama gets hit with the REAL timebomb --

-- the derivatives market bubble.

One Q - U - A - D - R - I - L - L - I - O - N DOLLARS

http://news.bbc.co.uk/1/hi/business/2817995.stm

http://www.freemarketnews.com/Linked-Commentary.asp?nid=9646

http://www.opednews.com/articles/IT-S-THE-DERIVATIVES-STUP-by-Ellen-Brown-080918-354.html

http://en.wikipedia.org/wiki/Derivative_security

[nadinbrzezinski]

6. There most be a way to defuse that one

if it goes off... nothing will stop it

[judasdisney]

7. There isn't that much liquidity on the Earth, in all nations put together

Get ready

It's no joke

AND

It's a set-up on Obama's ass... and I'm no fan of Obama (or Clinton). The whole thing is a cat's paw.

[nadinbrzezinski]

8. There is a way, not a popular one, but there is one

you basically default on the whole thing... or pay so little it amounts to the same

And yes, derivatives and hedge funds have scared me FOR YEARS

[judasdisney]

9. default = dollar collapse

fait accompli

[nadinbrzezinski]

10. Well if the derivatives do that, it will come to that

I can guarantee it

Unless the world agrees to it, since it will also lead to a crash

No money to throw at it as it were

[dgibby]

5. Milton Freidman is dancing on his own grave!