Posts by Blake Monkley

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  • Hard News: The Debate and Onwards,

    It was good to see the debate take place at the Ole Miss, people like James Meredith must be pleased to see Obama take to the stage.
    In New Jersey this week flyers from a white supremacist group began appearing in neighbourhoods saying countries run by blacks are the "most unstable" in the world.

    Auckland • Since Jul 2008 • 215 posts Report

  • Hard News: Fun while the banking system collapses,

    Russia has been picked clean, hence his desire to go to Africa.

    When I was a union negotiator,I used to converse at breaks with the EMA,HR or C.E.O teams about where the world was going. My point was always that it would end in Africa,strategically Africa was closer to the consumer's of Europe and the USA.
    So many people think of Africa as just hunters- gatherers,it's a sleeping giant waiting to be exploited by the likes of Jennings.

    Auckland • Since Jul 2008 • 215 posts Report

  • Hard News: Fun while the banking system collapses,

    James,the Republican-controlled US congress in 1999 repealed Depression-era laws which separated commercial banks and investment banks.That move allowed the sector to take far greater risks with borrowed money to preserve profit margins and pump up executive salaries.

    Auckland • Since Jul 2008 • 215 posts Report

  • Hard News: Fun while the banking system collapses,

    Type Americas tent city into google.

    Tent city gathers all the victims of the subcrime crisis.

    Auckland • Since Jul 2008 • 215 posts Report

  • Hard News: Crash and Contempt,

    The scale of debt is so enormous there isn't the physical production to back it up in the USA.
    People think the government has real wealth, the government can help solve problems.They can't.They can debase money, they can rearrange the losses, but they can't make them go away and they can't produce anything.
    I reckon Bush and co have been cooking the books for years and that the true inflation rate is probably closer to 9 % than the figure that they report which is 5.6%.I would love to see the new fed balance sheet after AIG.

    So much for tough love, eh!

    Auckland • Since Jul 2008 • 215 posts Report

  • Hard News: Crash and Contempt,

    The USA has been borrowing to consume. Nobody has loaned the USA money to build factories, to build infrastructure. They have nothing to show for the trillions of dollars the world has loaned them except empty houses, plasma TVs, SUVS.They have blown the money on consumption and this is the problem. Ultimately the solution for the rest of the world is to stop lending them money, let the dollar collapse, let the US economy implode, and the rest of the world just try and go about its business.
    The USA has been living on IOUs.Part of the USA arrogance at the end of Second World War was to say we are the biggest, toughest, strongest country on the planet. You're going to use American dollars for international exchange.It's meant that when other countries ran out of American dollars when they are running a trade deficit, particularly back when exchange rates were fixed, they were forced to devalue. They had to do something serious. When America ran out of American dollars, it's just printed more.

    I just hope that governments whether they are right or left leaning take a good look at this and make good fiscal policy that benefits future generations rather than the crap we have seen by both sides for the last fifty years.

    Auckland • Since Jul 2008 • 215 posts Report

  • Hard News: Go Us,

    WARNING: Hard to watch without wanting to punch someone (guess which one?)

    Why could we not see the full interview today,obviously Fox and O'Reilly need to tweak the interview.

    The only thing I got out of the speech, was that McCain's mum looked pretty good for 96 years of age.

    Auckland • Since Jul 2008 • 215 posts Report

  • Hard News: Go Us,

    I wonder what Levi thinks about the VP treatment of the brother-in-law and what chance he has of getting a rosy exit if things don't workout,poor little f**ker!

    Auckland • Since Jul 2008 • 215 posts Report

  • Hard News: Go Us,

    Has anyone started to think about the impact that Gustav could have on the U.S oil and natural gas needs if the rigs are damaged and how this may play out for the republicans and democrats campaigns.I guess the next 24 hours will see how much of a election decider it will play.

    Auckland • Since Jul 2008 • 215 posts Report

  • Hard News: Awesome,

    Palin has serious questions to answer about her record and experience, and I think we're entitled to cock an eyebrow at the GOP establishment's sudden u-turn on the notion that the West Wing of 1600 Pennsylvania Ave isn't a place where you can afford on the job training.

    McCain has been running for president longer than Sarah Palin has been governing.McCain announced his exploratory committee on Nov 13th 2006,Sarah Palin took office three weeks later.She never got a passport until 2007,I wonder what the top military personnel are thinking right now with regard to foreign affairs etc.

    Auckland • Since Jul 2008 • 215 posts Report

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