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On Nov 3 a crowdfunding bill slipped through and was passed in the house to little fan fare... to many it's just a way to help our economy... the reality is this probably the MOST important bill to pass for entrepreneurs since the 1939 SEC laws were enacted!
The Decline and Fall of the American Empire
All great empires decline and fall and the 21st century will see the decline and fall of America as the worlds dominant society. We may see a great depression the likes never before felt and other upheavals. I will foretell and forecast the coming events in this poignant blog on the inevitable decline of the last great superpower.
Saturday, November 05, 2011
The Decline and Fall of the Institutional Investor!
Tuesday, September 29, 2009
How bad was it?
Here is a great talk by one who very clearly knows.... watch this MIT video.
Financial Services: Prospects for Your Future
September 24, 2009
In a lively discussion with Simon Johnson, Lawrence Fish deconstructs the near collapse of the banking system and points out the multiple factors that have contributed to the financial crisis.
SPEAKERS
Lawrence K. Fish
Former Chairman and CEO, Citizens Financial Group
Thursday, June 25, 2009
We may see a great depression the likes never before felt and other upheavals.
In March 2006 I predicted "We may see a great depression the likes never before felt and other upheavals." It was this feeling that made me pack up in September 2004 and leave the US for Japan. They had had their "adjustment" in 1990 and are one of the few countries making money of China. People in Japan, particularity my students, ask me will it get any worse than what we have seen. AIGs near collapse, the global collapse of core banking and financial groups. Iceland was hit hard so was England's Banking. GM fall is equivalent to many as a literal symbol of the decline of the US. Equivalent in many respects to that of Coca Cola going under. Can you imagine Coke folding... The dollar has already significantly adjusted... but has it adjusted enough? Probably not. It saddens me to think of all those GM employees and other that lost everything and it angers me more that the leadership can get away with starting up a new company backed by the US government... US Tax money! In japan the CEO and many of its top executives board members would have probably killed themselves for their failure to the company and its stakeholders. Im serious. So yes, we will see more turmoil and upheaval as the US currency get further devalued when we lose OPEC. The glorious gluttonous days in the US are over... the reality check is sinking in as we are forced on a energy consumption diet.
Tuesday, June 16, 2009
BRIC alliance formed....
Brazil, Russia, India and China have united to oppose US position as the global superpower read about it here:BRIC artical link
As I predicted some time back, they will work together to delist the dollar as the primary global currency.
America stumbles and markets shake and collapse. The recent economic banking disaster is yet more writing on the wall for the ensuing collapse of America over the next 20 years.
As I predicted some time back, they will work together to delist the dollar as the primary global currency.
America stumbles and markets shake and collapse. The recent economic banking disaster is yet more writing on the wall for the ensuing collapse of America over the next 20 years.
Monday, September 04, 2006
Japan and China holding $1 trillion EACH of US Dept.
According to Prestowitz, president of the The Economic Strategy Institute , who just finished his new book The Billion New Capitalist and a six months tour talking with various world bank partners, "the world bank presidents are walking on eggs shells." Both Japan and China is now holding over $1 trillion EACH in US dept! Even the little guys have considerable exposure: Singapore $250 billion, Chile $50 Billion. to put it in his worlds "the wold central banks are drowning in dollars."
Prophetic soundings from MIT
"The world isn’t so much flat as gravely tilting, “and may be on the way to some kind of self-destruction,” believes Clyde Prestowitz, Jr. We’re due for a major rebalancing of global economic might, which the U.S. may well experience as catastrophic change. "
It is so refreshing to find someone else awakened to the reality...
- Talk: The World Turned Upside Down: The Impact of the Return of India and China to their Historical Global Weight
- Did you know that 1850 China was the world largest economy?
- Both India and China are recapturing their original position as a global leader.
Sunday, September 03, 2006
Thursday, August 31, 2006
A Nation awakening from its long moral slumber.
The American mainstream (MSNBC) media is finally awakening to tyranny of the American leadership under Bush. Keith Olbermann unleashes a scathing attack on Rumsfeld address to the American Legion.
- QT Video MSNBC (transcript)
- Speech Transcript (removed)
- Newspaper: Post, LA Times, Seattle Times, SFgate,
- Blogs: Bloggerman (Olbermann's blog) , QandO,
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