Oh and if it was just my “opinion”. Look at what is happening over there.

Russia (and others) are looking to implement a new currency based on a new monetary system. They are calling it a “world currency”. Krugman supports this bs. Whoever controls the banks controls the world.

They have their strategic game on and we are pussy footing around trying to manipulate the American people into believing the crap they are doing. Wake up.

Epic fail.

Aegrus,

Not so.

Derivatives are a byproduct of the current monetary system. Its flawed as the markets have just shown. There are many symptoms ppl try to point to but it’s the core that is sick. All obama is doing is prolonging the inevitable. Sectors need to fail in order to get the loss of the books if you will and the core needs to change.

They want to keep the system the same. Why would you want to keep a system when markets are based on debt?

The deck is stacked against the consumer unless you’re in the top 1% income bracket.

Your getting screwed by this system and now you’re paying to save it and protect their wealth.

And you dont even realize it. *sigh

Oh Krugman, You SHOULD be very, very worried about Europe. Because of you and your kind suckering Europe into your New World Order and humanity-killing trade agreements. Your fantasy “world-rearranging” desires will undoubtedly crash and the people of Europe will go back to using their better judgment—a REASONABLE, self-sufficiency, protectionist, and socially conscious ideal. You and your bankers are a sick, sick, influence and the whole world knows it now.

Good luck with your new world plans. Hope you like solitude.

Do you even listen to yourself?

“Guaranteed health insurance and generous unemployment benefits ensure that, at least so far, there isn’t as much sheer human suffering in Europe as there is in America. And these programs will also help sustain spending in the slump…”

We in America all thank you, and yours, for the “sheer human suffering”, you sick, twisted man.

Jason, have you any idea how far reaching the derivative market is? You’re right on a moral ground, but have presented another narrow argument based on opinion rather than general knowledge.

It’s wrong to call this capitalism too. This is fascism in the making. The only reason the banks and lenders are being fed money is because Obama is trying everything he can to find a way to deal with this crises without letting them fail. Why shouldn’t we let them fail? If the banks and lending institutions go bankrupt, the swine who trade derivatives win and all our capital evaporates overnight.

PaulRever,

That is a big line of crap. #fail!

EU dumped significant sums of money into our market hoping to turn a buck. They made a bad investment plain and simple.

Should I pay for your bad decision? No.
Should I pay for the bank bailout? No.

Stop looking to blame someone and look in the mirror. Frankly, I could give a shit if EU lost money.

It’s not too big to fail end everyone should stop the fear mongering. It needs to be rebuilt. Period.
If we do not move from the fractional monetary system we will continue to operate with monopoly money. The people are the losers under this system but the elite’s behind the democratic / repub party will not tell you that. You need to wake up and get a grip on what is really going on and stop relying on those who messed it up in the first place.

I am against saving the Corporate oligarchs.  Instead the focus needs to be primarily at the bottom.  This article does a reasonably good job of explaining why the government actions at the top are unlikely to succeed.  Worth a read !

http://www.truthout.org/031609A

European central bankers (that means especially the Germans since they’re the ones with the money) believe that a loose monetary policy strengthens unions and the welfare state.

I enjoy Paul Krugman,I truly do, But he is NOT the tell all end all in high finance. This economy is turning as we speak and the S.B.A. money will do more than all the tarp and stimulus moneys combined. Europe is getting everything they deserve and I think it’s justice for their ill-fated foray into Globalization. The hidden hand is getting swatted.