12 ‘Dr. Dooms’ warn Wall Street’s optimism misleads, will trigger new crash (MW)

1. Faber: The ‘American Empire’ has peaked, is on a decline
British Empire Picked 100 Years Ago.

2. Grantham: Learned nothing, doomed to repeat past, only bigger
We never learn from History, and even if we did we still have Aristotle’s Problem of Induction.

3. Stiglitz: Wall Street creating short respite before next crash
We will never invent a Crash proof system. There is no precedence.

4. Johnson: Running out of time before Great Depression 2
Also Running out of time to achieve our dreams. It’s finitude.

5. Ferguson: Fed’s easy money fuels new bubbles, meltdowns
Read Ferguson’s “Ascent of Money” Nothing new here.

6. Taleb: Fed haunted by ghost of Greenspan’s failed Reaganomics
Read Taleb’s “Black Swan” We don’t need more regulation we need to at least admit we don’t know anything.

7. Soros: Dollar dead as a reserve currency, nest eggs dying
Read the “New Paradigm” Can’t be the only kid with the Bike on the block forever.

8. Hedgers: make billions shorting stupid politicians, bankers
We don’t need more Regulation, We need more Education. We are responsible for this one. We elect them.

9. Shiller: Dot-com, subprime meltdowns, ‘third episode’ next
Forth Episode coming after that.

10. Kaufman: Irrationality replaced reason, science, technology
Reason, Science Technology never replaced Rationality. Read Nietzsche.

11. Biggs: Sell everything, buy guns, food, head for the hills
Freedom of lifestyle, and tolerance of culture is a beautiful thing.

12. Diamond: Nations ignore obvious till it’s too late, then collapse
Diamond is Right, read “Collapse”

http://www.marketwatch.com/story/12-dr-dooms-shred-2010-investing-optimism-2010-01-05

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• The ” 2009 Banking Collapse “
• U.S: The entire system requires increasingly large amounts of debt to keep the pyramid scheme, er I mean our monetary system afloat.
• It’s a crazy mad world.
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• Important News - Oct. 28

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