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Coast to Coast AM

Posted: Tue May 22, 2012 5:24 am
by Royal

Financial Crisis Special
Mon 05-21
In separate hours, three guests address future and current economic crises: global financial strategist Peter Schiff argues that the crisis of 2008 is nothing compared to what is coming; former senior banking officer John Truman Wolfe will discuss how the current world economic crisis is an intentional coup designed to take down the U.S. dollar; ordained Baptist minister Lindsey Williams shares his contention that events in Europe are precursors to a collapse of the dollar. In the first hour, author and professor of biblical prophecy, Paul McGuire, will reveal the hidden forces behind current events.

http://www.coasttocoastam.com/

Peter Schiff and Lindsey Williams have better track records than most outspoken doom sayers. Paul McGuire believes that time is speeding up and we will crack into eternity- kind of extreme.

Should be a good show.

Re: Coast to Coast AM

Posted: Tue May 22, 2012 7:58 am
by Royal
Paul McGuire stuck to the new age mysterious semi doom scenario.

Peter Schiff is convinced that the crash he wrote about (prior to the crash in 2008) concerning the housing bubble still hasn't happened because of the fiscal measures used by the government as a short-term fix. He believes that inflation and unemployment figures are off (what else is new?). The crash he believes will happen will be worse than the great depression because of the difference in infrastructure.

Schiff makes a convincing argument when he brings up the government bailouts. He states that after billions of funds injected through the system, the economy has not risen back to the previous levels of production. If the economy is to go into another recession, what levels of unemployment and inflation would be running into?

They added one more speaker during the show:

former senior banking officer John Truman Wolfe will discuss how the current world economic crisis is an intentional coup designed to take down the U.S. dollar.

John Truman Wolfe is the creator and author of the award-winning Tom McKenna private eye series. His latest release—Crisis By Design: The Untold Story of the Global Financial Coup and What You Can Do About It, exposing the real forces behind global financial crisis, has become an Amazon Best Seller

http://johntrumanwolfe.com/

... Note that he's selling a book called Mind games.

He enlightens listeners with a perspective of the world banking industry that can be picked up from other various sources. "Economic Hitmen" and economic information leaders like Gerald Celente. He adds "there was a conspiracy to control the way families live" which can be found in Chapter 1 "Behold a pale horse" by Cooper. His informational niche, comes from his... OH WTF RICHARD C HOAGLAND COMES TO THE SHOW TO COMMENT OF SPACEX successful launch! (What an epic radio show. At the crux of economic doom, we have our first private space flight providing glimmers of hope for america to lead the world into space and other planets and get out of economic doom. Whether we can sustain a lead in front of China and India, would need analysis. I guess this space stuff is some of the working infrastructure we can use for leverage!)

Wolfe's informational niche comes from his story of a global conspiracy to take out the dollar and usher in a new global currency.
At one point in the show, he agrees with callers to eliminate Federal Reserve.

Re: Coast to Coast AM

Posted: Tue May 22, 2012 3:15 pm
by Pigeon
The bail out was to assure that the rich business people didn't lose their wealth or position of control. If it was about economy and jobs it would have been done differently. In the end, who has benefited?

Re: Coast to Coast AM

Posted: Tue May 22, 2012 10:49 pm
by Royal
I think the America people would love to see statistics and figures of 2 economic simulations:

1. Countries with bailouts
2. Countries without bailouts.

Re: Coast to Coast AM

Posted: Wed May 23, 2012 2:32 am
by Pigeon
Moral hazard. Do the bailees learn. After Leyman Bros collapse the moral hazard stop gap left the building.

Re: Coast to Coast AM

Posted: Wed May 23, 2012 2:43 am
by Royal
Who's going to reconcile this situation?

Re: Coast to Coast AM

Posted: Wed May 23, 2012 3:58 am
by Pigeon
It would appear no one. JPM is now talking $7b loss. But how can they fail since they are too big.

Re: Coast to Coast AM

Posted: Mon Jun 04, 2012 12:53 am
by Royal
http://www.presstv.ir/detail/2012/05/30 ... urrencies/

In Beijing, China's central bank announced that China and Japan will trade currencies directly; smoothing commerce between Asia's two biggest economies and marking another step in the yuan's rise as an international currency.