There Is a Silver Lining

Excellent article with incredible insight to how Americans and the world need to adjust in how they spend for their lives. The only odd thing is that Islam has long since informed humanity as to how it should conduct its finances which in a nutshell basically states that one should only have what one can afford. It is ironic that our country mandates democracy and capitalism and is willing to go to war to enforce this thought yet now is suffering from its own beliefs. I truly hope this terrible lesson will lessen our greed and open our minds towards a safer financial future.

Please join discussion on the GLOBAL CREDO CRUNCH:
http://theDow.ning.com

GLOBAL CREDO CRUNCH
Sir, since the discovery of the civilised world's largest natural gas reserves in the Netherlands, 50 years ago, we now all start to feel and even understand the consequences of toxic conduct by past leadership, aggressive and abusive industrial dominance and arrogant, lax authorities tangled with special interests linked with ubiquitous cheap-oil pressure: imploding states and exploding nations. National lawmaking gives way for international criminal constricts of unknowable scale. Deal '63, the American contract with Europe coupled oil and natural-gas prices, hence the petrodollar is still dictating European institutional behaviour. The devastating power of borderless corporate identity now took its toll described as current events that could be met with measures of the same character as if the situation came out of the blue.
America should be thought capable of confronting this hidden development of bad manners which were dictated by a globally instated greed-machination based on energy-fundamentals, though. The world has seen big and bold US steps before.
This negative conduct spiral however is based on world-wide US-imposed cheap-oil principles of profit that leave no room for equality, the desired 100% tranparency, real innovation, competition, change and progress. The bedrock problem of quality, stability and sustainability has no easy quantity solution.The emerged proof and widely misinterpreted rootcause of the current chaos and crisis rests in the asymmetrics of accepted behaviour and the discrepancy between perceived and expected performance related to havily advertised state-corporate promoted achievements of growth that caused the unequal distribution of the greater good.
The questionis: why would the US people still opt out on Atlantic Unbundling of oil and gas pricing, e.i. rebalancing of the toxic petrodollar towards the already exiting diplomatic gaseuro as the only credible way out of misery?
Taking the silver lined bitter pill would save the entire world from unthinkable costs and damages to come.

http://stingflation.com
Stephan Tychon, the Netherlands

GLOBAL CREDO CRUNCH
Sir, since the discovery of the civilised world's largest natural gas reserves in the Netherlands, 50 years ago, we now all start to feel and even understand the consequences of toxic conduct by past leadership, aggressive and abusive industrial dominance and arrogant, lax authorities tangled with special interests linked with ubiquitous cheap-oil pressure: imploding states and exploding nations. National lawmaking gives way for international criminal constricts of unknowable scale. Deal '63, the American contract with Europe coupled oil and natural-gas prices, hence the petrodollar is still dictating European institutional behaviour. The devastating power of borderless corporate identity now took its toll described as current events that could be met with measures of the same character as if the situation came out of the blue.
America should be thought capable of confronting this hidden development of bad manners which were dictated by a globally instated greed-machination based on energy-fundamentals, though. The world has seen big and bold US steps before.
This negative conduct spiral however is based on world-wide US-imposed cheap-oil principles of profit that leave no room for equality, the desired 100% tranparency, real innovation, competition, change and progress. The bedrock problem of quality, stability and sustainability has no easy quantity solution.The emerged proof and widely misinterpreted rootcause of the current chaos and crisis rests in the asymmetrics of accepted behaviour and the discrepancy between perceived and expected performance related to havily advertised state-corporate promoted achievements of growth that caused the unequal distribution of the greater good.
The questionis: why would the US people still opt out on Atlantic Unbundling of oil and gas pricing, e.i. rebalancing of the toxic petrodollar towards the already exiting diplomatic gaseuro as the only credible way out of misery?
Taking the silver lined bitter pill would save the entire world from unthinkable costs and damages to come.

http://stingflation.com
Stephan Tychon, the Netherlands

Deregulation,Privatisation, Globalisation, Government intervention all these are excuses for corruption. The Bush Admin, the growing economies, like Malaysia, Singapore and the like where the Internal Security Act is the politician's big stick and where these governments are on a corruption roller coaster with Mugambe like dictators. All these feed the rich and famous. Economic democracy has become a farce.

Great article. You are absolutely right. Too many do not want to face the truth.

Hi, Mr. Fareed Z, very nice analysis on the current economic crisis. There are multiple forces are in play, wall street greed, inapt politician, lose monetary policies, elite media and 2 wars,etc.!!! If i am not mistaken you have supported Iraq war, !!

Icey: stop YELLING! You sound so desperate and are going to pop a blood vessel. You are in denial. OBAMA[get it right] is going to be our president. Only a fool would vote for more of what we've had the past eight,long years.

The increase in debt as noted in the article is a bit of a shock, but I have to wonder if it isn't an attempt to maintain the lifestyle one became accustomed to, The decrease in the value of the dollar the dramatic increase in fuel and housing adding to the decline in literally everyones discretionary cash had to have an effect, it is the inflation that didn't exist according to Bush. But what the heck he lied about everything else.

The silver lining I see is the opportunity to reestablish some manufacturing in this country in the form of Green industries. Obama has made a point of this and more importantly made a point of keeping it in this country.
The absolute brilliance of this is it solves several problems at once.
First it provides America with salable products something the economists seem to ignore in their economic models, potentially increasing income to the US. Certainly creating jobs
It solves the pollution and global warming problems, possibly starting within a few years
Third it reduces dependence on foreign oil and the significant out flow of cash that represents.
All big problems with a simple and workable solution.
It has surprised me it has gone barely noticed but is one of Obamas core proposals.

In a few weeks we will make a choice that will decide our future.
I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
is terrifying.He thinks it will be worse then the great depression.
The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
The government took them over because they are essentially bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
the credit markets are frozen and all of us may suffer beyond anything in the last 80 years.
McCain just like Bush " doesn't understand the economy".
That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He didnt realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
If you do what you have always done then you will get what you have always got.
When it comes to policy Bush and McCain are the same 90 percent of the time.
So why are the polls even close then ?
Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
which means running the biggest smear campaign in history.
They think they can just tell you lies and you wont be smart enough to see through it
Let's teach him we are smarter than that .
Elect Obama Biden 2008


Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
http://www.youtube.com/watch?v=r36Xc0GG4iQ

In a few weeks we will make a choice that will decide our future.
I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
is terrifying.He thinks it will be worse then the great depression.
The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
The government took them over because they are essentially bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
the credit markets are frozen and all of us may suffer beyond anything in the last 80 years.
McCain just like Bush " doesn't understand the economy".
That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He didnt realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
If you do what you have always done then you will get what you have always got.
When it comes to policy Bush and McCain are the same 90 percent of the time.
So why are the polls even close then ?
Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
which means running the biggest smear campaign in history.
They think they can just tell you lies and you wont be smart enough to see through it
Let's teach him we are smarter than that .
Elect Obama Biden 2008


Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
http://www.youtube.com/watch?v=r36Xc0GG4iQ

In a few weeks we will make a choice that will decide our future.
I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
is terrifying.He thinks it will be worse then the great depression.
The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
The government took them over because they are essentially bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
the credit markets are frozen and all of us may suffer beyond anything in the last 80 years.
McCain just like Bush " doesn't understand the economy".
That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He didnt realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
If you do what you have always done then you will get what you have always got.
When it comes to policy Bush and McCain are the same 90 percent of the time.
So why are the polls even close then ?
Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
which means running the biggest smear campaign in history.
They think they can just tell you lies and you wont be smart enough to see through it
Let's teach him we are smarter than that .
Elect Obama Biden 2008


Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
http://www.youtube.com/watch?v=r36Xc0GG4iQ

A great, great article. For years I've driven past huge homes and wondered, "How do so many afford so much?"

The answer is that they don't. I live in a small house, have very little debt, and will retire at 55. And I've been saying for years that hard times are coming. I wish I'd been wrong.

Here is a factoid for the Repigs in the world

http://www.rollingstone.com/news/coverstory/make_believe_maverick_the_real_john_mccain/page/1