tag:blogger.com,1999:blog-4413935813892441553.post5543566089434946210..comments2024-03-29T00:30:39.262-05:00Comments on real economics: Catching up with realityJonathan Larsonhttp://www.blogger.com/profile/05217670446743983955noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4413935813892441553.post-89686752628818580762011-08-09T11:52:46.009-05:002011-08-09T11:52:46.009-05:00I'm afraid I have to lay the entire blame for ...I'm afraid I have to lay the entire blame for these continued financially insecure collapses directly upon bank creditors refusing to take their haircuts as each bubble in each country burst revealing the overvalued securities to no longer have that bubble value.<br /><br />Once a 'security' has been proven to no longer has its initial value, how can you further insist it still has?<br /><br />Their arrogance (if they realize) and ignorance (if they do not) has caused this continued domino effect, as layer after layer of lacking value organs fail, has exposed an entire world's weaknesses. Least of which is their intellence and greatest is their greed. Foremost of all may be their own lack of control and their greatest being their height of denial.<br /><br />They are not wise enough to lead, or even to follow wisdom. Their curse is to now to know they caused it all and were unable to stop themselves, financially fiddling while the world literally burns.<br /><br />Each paid to be a financial 'genius' these Masters of The Universe; these American banksters and Euro Trioka noblemen can now lay claim to history, each a financial Nero incarnate, each a financial Hitler, they securely place their names in history appropriately with such arrogant evil and helpless genius.Mikehttps://www.blogger.com/profile/05252804186064393926noreply@blogger.com