Question for Oki and anyone else with some expertise in the topic...



I think



1) Obama will create massive socialism

2) There needs to be major rebalancing in the world and the longer it is delayed the worse the adjustment

3) US dollar is doomed with more and more deficit spending

4) East Asia, Germany, Switzerland etc.. and other countries with plenty of reserves and savings will come out of this crisis the best off..while US/UK will most likely see their standard of living dramatically reduced..Spain too.

Obama will create massive socialism

Socialists where destroyed in American society in the 50's. There is no such thing as a Socialist in America. Americans don't even know what Socialism actually is, they call socialism communism, even though both parties have socialist policies.

Obama will do nothing dramatic. He will probably just try and stimulate the economy further with spending or he'll try and cut the debt by being frugal (which won't be very welcome, not that America has much of a choice).

America has put itself into a hole. They can't keep borrowing to stimulate the economy and they need to keep spending in order to encourage economic activity. THe question is, will America look to keep borrowing and try and get out of the hole faster, or go into recession and cut the debt...

There needs to be major rebalancing in the world and the longer it is delayed the worse the adjustment

If you believe in Realpolitiks, you know the world adjusts itself accordingly, there is no right or wrong way the world should look, just how well nations exploit their positions.

US dollar is doomed with more and more deficit spending

Until the US economy is overtaken by another nation (not multiple economies) the US dollar will never be doomed. Even if it is overtaken by say China, the US economy is far to important the dollar will merely become a secondary choice.

East Asia, Germany, Switzerland etc.. and other countries with plenty of reserves and savings will come out of this crisis the best off..while US/UK will most likely see their standard of living dramatically reduced..Spain too.

The countries that will bets off are those not dependant on the US economy for trade or are heavily involved in the US for financing. This basically means most countries will feel it hit the fan minus countries like China (who have massive internal demand to stimulate the economy) and Australia (who trades mainly in East Asia and has its main financing in East Asia).

Western Europe is already experiencing recession's and soon Eastern Europe will experience economic slow down (as most of their trade is with its Western neighbours). Japan is just in the ****s, they can't stimulate their economy and Japanese just won't spend (a cultural thing, now this crisis won't help).

Germany is lucky they have a strong manufacturing base, they can stimulate the economy with trade.

Siege of Tobruk - One German POW said: "I cannot understand you Australians. In Poland, France, and Belgium, once the tanks got through the soldiers took it for granted that they were beaten. But you are like demons. The tanks break through and your infantry still keep fighting." Rommel wrote of seeing "a batch of some fifty or sixty Australian prisoners ... marched off close behind usimmensely big and powerful men, who without question represented an elite formation of the British Empire, a fact that was also evident in battle."

It looks like Obama will use the people from former Clinton's Treasury dept.
This could be good because during Clinton era, he did well on the economy.

No he didn't. He is the reason for this freakin economic crisis.

Siege of Tobruk - One German POW said: "I cannot understand you Australians. In Poland, France, and Belgium, once the tanks got through the soldiers took it for granted that they were beaten. But you are like demons. The tanks break through and your infantry still keep fighting." Rommel wrote of seeing "a batch of some fifty or sixty Australian prisoners ... marched off close behind usimmensely big and powerful men, who without question represented an elite formation of the British Empire, a fact that was also evident in battle."

No he didn't. He is the reason for this freakin economic crisis.
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no he does, the economic crisis is comming from Bush.
bush cuts taxes when US Detb is still high at 6trillion US$. this is very stupid.
and as US policy, the power is in people's hand-----vote power, that means the goverment can't do hurts to people, (increse taxes, cut medicine spends, cut military spends) all of these area are hard to touch. other wise this goverment is gona be over--- out though by thire people.
if today US Detb is 0 $us not $11trillion, US have nothing problem, the problem rightnow is not only economic also coming from credit of US gorverment.
can they efort to pay this much DEBT????? every body not sure.... this not sure can hurt US deady. this is the problem of rightnow.
the economic is trouble, the goverment is in trouble also.the nation market is short of $ and also the goverment is short of $......
where can these $ comming from? 1, from other country's aid.(but themself in trouble also)2,printing more $ to provide the market(people could ask:does those pappers realy worth the face vallue?)

today's US economic people only one way to fix.
cut medicine spend, stop taxes cuts, cut military spend, reduce oil price, whole nation to pay this economic crisis. reduce goverment prusure. but who could do it? Obama? no...... only a hero can do it...... no one can steal $ from US citizen's pocket expt Hero.

"1) Obama will create massive socialism"

Sorry, what do call a trillion dollar dollar bailout (that's 8%) of comapnies that were run by sociopaths? If not socialism what then?

"2) There needs to be major rebalancing in the world and the longer it is delayed the worse the adjustment "

Agreed there, unfortunately your current "free market captialist" hypocrits...err, administration are doing everything to delay this.

"3) US dollar is doomed with more and more deficit spending"

Yes, I wonder which socialist/communist party did that...ohh wait it was the one in power for the last year.

"4) East Asia, Germany, Switzerland etc.. and other countries with plenty of reserves and savings will come out of this crisis the best off..while US/UK will most likely see their standard of living dramatically reduced..Spain too."

Having reserves never hurts. It is doubtful you will ever see a meaningful absolute drop in the standard of living in a democracy...it is too hard to bury information/supress dissent (although the last administration tried awfully hard.

My feeling is that within the next decade the true ineptitude of the current administration will reveal it to be one of the worst three in US history.

---

"There are no masses of people, only ways of looking at people as masses."

no he does, the economic crisis is comming from Bush.

So you pin the economic crisis of the sub-prime market which was due to the deregulation of the financial markets in the US by the Clinton administration on tax cuts by George Bush?

You obviously don't know how economics works and the fact things usually take 10 years to manifest... go figure, exactly the same amount of time the Clinton deregulations kicked in...

Siege of Tobruk - One German POW said: "I cannot understand you Australians. In Poland, France, and Belgium, once the tanks got through the soldiers took it for granted that they were beaten. But you are like demons. The tanks break through and your infantry still keep fighting." Rommel wrote of seeing "a batch of some fifty or sixty Australian prisoners ... marched off close behind usimmensely big and powerful men, who without question represented an elite formation of the British Empire, a fact that was also evident in battle."