Nouriel Roubini View on the Global Economy

[Antaraton]

Capitalism as a economic system is collapsing and wether the governments regulate or de-regulate they will not be able to save it. Even before the crisis the economy was doing bad in the sense that you had more and more poor people and the rich was getting richer, losing wars in Afghanistan and Iraq, no peace in the middle east, distrust across the atlantic... .CAPITALISM IS A CRISIS-ECONOMY and is build on the wrong theory of scarcity, theory of value and price.....

[Arjuna79]

where are them?

[Marelli1963]

Villa D'Este Hotel in Cernobbio Italy

[wilsontt88]

cont. they're all pulling out thus bankrupting the business & it won't have anymore chances to recover again for a long time. All citizens would have to start from the very bottom pit for decades to come.

Bernanke -> cool & quiet (good for economy, more chances for it to survive & grow), while Roubini -> bearish, panic, doomsayer isn't helping the economy at all.

Trust & truth is a must to build a solid foundation, but it must also be built upon the right wisdom during it's implementation.

[wilsontt88]

Roubini had been blabbering non-stop for years about our failed economy. Now, what good comes out of it other than having speculators alike gaining profits over a failed market through conversion towards commodity basis?

Many knew what happened in the market but chooses to keep quiet at least for the current very troubled times. Businesses, though troubled still had chances of growing up in the future. When people honestly knew what when wrong, cont.

[wilsontt88]

Speaking about truth, we know stocks/USD/bonds/etc are just worthless papers. They were all inflated way beyond its value & built upon market confidence & fundamentals. God, all businesses are.

The truth? It hurts. But we're all living in the same country & we're all in this mess together. Don't judge me wrongly, I'm not against you. I'm against Roubini.

[wilsontt88]

Regarding individual choice, would you mind telling me once people get subliminal messages over crash-collapse-broke-bankruptc­y videos, then where were they headed? Our economy (USD/Stocks) or safe-haven (CHF/Gold/Euro)?

Roubini had predicted the market correctly for quite some time, but instead of keeping quiet for the moment, he keeps on blabbering the same thing & supporting bearish sentiment all around our economy. The last thing our market need now is another negative market confidence.

[wilsontt88]

Since you seemed well informed, would you kindly explain to me:

1. What's your solution on our current crisis?

2. What's your outlook on our currency for the next 3 months?

Since you're an American, I truly believe you wouldn't escalate the already obvious problem by going around and posting bearish video of your own country without even knowing the solution to the problem.

Would you like everyone to buy gold and dump USD instead? What happens when all 300M of us did just that?

[StandardJohnDoe]

Have I ever posted articles or links advocating gold purchases? That is an INDIVIDUAL CHOICE, as with anything, there is an inherent risk

Here's the issue, my aim of the videos is to inform, that is why I include Links to economical journals/reports so that YOU the viewer can read them out for yourself,

You will not be fully informed by watching a 5 minute video clip on youtube, you have to read

To turn the cheek and remain ignorant never helped anyone.

To each their own.

[Benjefwil]

@StandardJohnDoe Looks like you were right about gold from what I gather from these comments

[wilsontt88]

It seems to me that our people actually managed to generate more problem than our government themselves. Would everyone type in "Shocking Economics 2008" in youtube? This is the only real truth you won't see in any news (notorious naysayer). We are strong, we are united, and we are going to see this through. What's done is done. It's time to rebuilt. We should have confidence in our own country.

[StandardJohnDoe]

What are you talking about? Insolvency will occur despite what the general public may think.

I saw the "Shocking Economics 2008"

Utter nonsense, Bear in Mind that the Tiny Island Of Bermuda literally is one of the top 5 richest countries in the world (usually 1 or 2 place), Oil Exporting nations have contracts with foreign companies, although american managed and run, such business incorporate in other countries for tax purposes, Even Halliburton is now headquartered in Saudi Arabia!!

[ubornthick]

I blame the gullibliesation of the whirled economy by banks ,with their CEOs up eachothers AAA'S looking for fools gold[derivatives] from which to derive a boneas

[friendlyghosts]

Actual current numbers:

Inflation 11.9% (includes food and oil)

Unemployment 13%

M-3 17.2% (the inflation of the money supply)