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Tag Archives: freedom of choice

US economic and credit crisis – global economic crisis – IMF analysis – excerpts and link – will likely be used for decisions by G7 – and other econ summits

08 Wednesday Oct 2008

Posted by CricketDiane in Uncategorized

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Tags

$700 billion dollar bailouts, bailouts, banking, big business, Capitalism, commodities, credit crunch crisis, credit default swaps, credit defaults, Cricket Diane C Sparky Phillips, cricketdiane, Democracy, Economics, Economy, executive compensation, financial derivatives, free market economy, Freedom, freedom of choice, Freedom of Thought, global economic crisis, Global Economy, IMF, International Concerns, Inventing Solutions For America, investment banking, liquidity, Macro-economic analysis 2008, macro-economic future forecasting, Money, mortgage backed securities, Oil Crisis, Principles of Economics, Reality-based Analysis, representative government, small business, speculators, stock market, trillions of dollars bailouts, US Congress, US dollar, US dollar value, US economic crisis, US Government, US government bailout, US government socialism of economic factors losses, US House of Representatives, US Senate, US taxpayers, US Treasury, Wall Street, Wall Street bailout

Against this backdrop, Chapter 1 first outlines the key risks that have materialized since the April
2008 GFSR. Second, it examines the depth of the default cycle and potential losses. The third and
fourth sections evaluate the challenges posed by the deleveraging of the financial system in mature
economies and the broader systemic implications. The fifth section assesses the vulnerability of
emerging markets to global stress. Finally, the last section considers near-term policy priorities aimed
at rebuilding confidence and improving the
functioning of global markets, along with medium-
term policies to strengthen the international
financial architecture and reduce systemic
risks.

http://www.imf.org/external/pubs/ft/gfsr/2008/02/pdf/chap1.pdf

Also –

The global financial system has undergone a period of unprecedented turmoil. Market confidence
dwindled and has remained fragile, leading to the collapse or near-collapse of large,
and in some cases systemically important, financial institutions, and calling forth public intervention
in the financial system on a scale not seen for decades. The financial system has
been severely weakened by mounting losses on impaired and illiquid assets, uncertainty regarding
the availability and cost of funding, and further deterioration of loan portfolios as global economic
growth slows. Finding a purely private sector resolution of financial market strains has become
increasingly difficult, while case-by-case intervention by authorities has not alleviated market concerns.

http://www.imf.org/external/pubs/ft/gfsr/2008/02/pdf/chap1.pdf

http://www.imf.org/external/pubs/ft/gfsr/2008/02/index.htm

(This page has the entire document listed by chapter and coverage – excerpts are from Chapter 1 )

– These are excerpts from current IMF team analysis that will likely be used for decision and policy – making going forward. Great charts, good info, perspective fairly concise and comprehensive as overview of current situation – for US and global economies.

(My note – cricket diane)

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Strange bedfellows in the inbred Washington DC inner circle – Harry Reid, Miss Nancy, Oval office insiders and Mitch McConnell – gee, who’d a thunk it –

01 Wednesday Oct 2008

Posted by CricketDiane in Uncategorized

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American government, bailout, banking, Capitalism, credit default swaps, Cricket Diane C Sparky Phillips, cricketdiane, cronyism, Economics, Economy, Federal Reserve, financial derivatives, free market economy, Freedom, freedom of choice, Freedom of Thought, global economic crisis, insider trading, International Concerns, Inventing Solutions For America, investment banking, macro-economic future forecasting, Money, mortgage backed securities, nepotism, stock market, US Congress, US Constitution, US dollar, US economic crisis, US Government, US government bailout, US Treasury, USA, Wall Street

Senate leaders vow passage of fiscal rescue plan

Tue Sep 30, 2008 1:54pm EDT

WASHINGTON (Reuters) – The top Democrat and top Republican in the Senate on Tuesday promised swift action to pass a bipartisan financial rescue plan that the White House says is vital to protect all Americans as well as Wall Street.

[ . . . ]

Speaking in the Senate, Reid said he conferred with White House Chief of Staff Josh Bolten and Democratic presidential nominee Barack Obama, who he said had just talked with President George W. Bush. “We’re working together to resolve this important issue,” Reid said.

http://www.reuters.com/article/newsOne/idUSTRE48T4WT20080930

Joshua Bolten
White House Chief of Staff

Joshua B. Bolten

Joshua Bolten was sworn in as White House Chief of Staff on April 14, 2006.

Mr. Bolten first joined President George W. Bush’s Cabinet on June 30, 2003, when he was sworn in as the Director of the Office of Management and Budget.

From March 1999 through November 2000, Mr. Bolten was Policy Director of the Bush-Cheney presidential campaign.

FFrom 1994 to 1999, Mr. Bolten was Executive Director, Legal & Government Affairs, for Goldman Sachs International in London.

Mr. Bolten received his AB with distinction from Princeton University’s Woodrow Wilson School of Public and International Affairs (1976) and his JD from Stanford Law School (1980), where he was an editor of the Stanford Law Review. Immediately after law school, he served as a law clerk at the US District Court in San Francisco. During the fall semester of 1993, Mr. Bolten taught international trade at Yale Law School.

http://www.whitehouse.gov/government/bolten-bio.html

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Freedom from and freedom to is all a matter of perspective – especially during economic and oppressive crises like now

25 Thursday Sep 2008

Posted by CricketDiane in American Revolutionary War, Civil Rights, Creating Solutions for America, cricket diane, CricketHouseStudios, Democracy, diane c phillips, Economics, Economy, Enlightenment and Reformation, Eye of Enlightenment, Freedom

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700 billion dollars, America, American citizenship, American government, ancient sea, Apples and Oranges, banking, common sense, credit default swaps, credit derivatives, Cricket Diane C Sparky Phillips, cricketdiane, Economics, Economy, finance, fiscal responsibility, Freedom, freedom of choice, Freedom of Thought, Global Economy, Illuminati of One, Intelligence, Intelligent Use of Resources, International Concerns, Inventing Solutions For America, investment companies, life in America, life in the United States, macro-economic future forecasting, Money, New Boston Tea Party, reality, Reality-based Analysis, Solutions, Statistical Analysis, statistical lies, stock market, trillions of dollars, Twenty-first Century, United States doctrine, United States domestic policy, US Constitution, US economic crisis, US Economy, US government bailout, Wall Street, Workable Solutions

There are five “hidden” keys of power that rest in the hands of every citizen in the United States and around the World. They are given their rightful acknowledgment in our own Declaration of Independence measured out as it was during a time of great and sorely challenged change.

That we might never forget from whence we came and wherever our feet might take us , that we would remember we were born into freedom and with the rights and duties commensurate with that freedom.

Written by Cricket Diane C “Sparky” Phillips, 09-24-08, USA

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Unsecured US debt will destroy the fabric and Constitutionality of our government – This is partly why

24 Wednesday Sep 2008

Posted by CricketDiane in Alexander Hamilton, Creating Solutions for America, cricket diane, Illuminati, Physics of Change, Principles of Economics, Quantum Physics, Thoughts, Twenty-first Century, Uncategorized, United States of America, US At Home - Domestic Policy, US Constitution, US Government, USA -1, walking dead men club, Workable Solutions

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ancient sea, Apples and Oranges, Capitalism, Creating Solutions for America, credit default swaps, Cricket Diane C Sparky Phillips, cricketdiane, Democracy, economic crisis, Economics, Economy, foreign investment, free market economy, freedom of choice, global economic crisis, Global Economy, government bailout, Illuminati of One, IMF, International Concerns, macro-economic future forecasting, market financial derivatives, microeconomics compared to macro economies, mixing apples and oranges, Money, mortgage backed securities, Principles of Economics, representative government, republic, Solutions, stock market, stocks and bonds, US Constitution, US Economy, USA, Workable Solutions

The difference between strategies and policy for microeconomic projects

compared to

strategies for macroeconomic systems where structural integrity is involved.

Written by Cricket Diane C Phillips, 09-24-08

In a macroeconomic sense – a nation and its underlying economic fundamentals are not like the structure of any business organization. It is because in an economy of scale, its components are nonlinear, progressive and intertwined whereas one shift in any part affects all other parts.

Such as when an increase in the cost or availability of gasoline, petroleum-based products and diesel fuel influenced all other elements in the system, barring none. Tangible shifts, however minute, expand across wide and varied elements within the structure and ultimately affect the whole as a self-driven, sustaining mechanism.

When de-regulation made it possible to create complex and faulty financial products, it essentially counterfeited secure and healthy currency forms, secured insurance products and other tangible assets. Consequently, just as huge amounts of counterfeit dollars will tear apart the foundation of the macroeconomic structure, so have these.

It is as if the market has been flooded with currency of no value which, unknown to the customer was traded for assets that had real value, such as real money, physical properties, and tangible assets, including stocks and facilities of actual companies.

The same damage has happened in both cases which involves systemic risk to the structural integrity of the system and its underlying fundamentals. As everyone has traded in these counterfeit currencies of unsecured and unwarranted value, the elements of our economy founded on relative international valuations of our real currency, the US dollar, and profit-driven dynamics of tangible assets have been undermined.

What happens when someone passes a counterfeit $20 bill? Whoever took it in trade for real products is out the twenty dollars and its use to purchase something of value.

What happens when that is in trillions of dollars? This is what has happened in a macroeconomic sense. It is not enough to throw some money at it to make up the difference in damage scenarios when it is this sizable and extraordinary.

What happens when one person gets taken in an insurance scam which either refuses a policy paid in good faith or is incapable of paying a return for premiums given? That can result in losses of several million dollars in actual fact, because of the insolvency it creates, missed opportunities to have sought secured insurance elsewhere and long-term impacts with no ability for restorations and immediate recovery.

Magnitude and multiply that out over the entire system of financial instruments in the US and International economies. Can it be resurrected with a few strokes of a pen or bail out measures hastily enacted? It isn’t a company on simply a larger scale.

The US economy is vibrant and dynamic. It is multi-dimensional. Financial institutions do not rest on a lateral one-dimensional level within the system. The stock market, as absurd a place as it is, does not constitute real value nor does it hold an inherent capacity to destroy the US and International economies. It was unnaturally given this power through a scheme to defraud with intent, perpetuated by those qualified and educated to know better.

This is impacting values by being allowed to underwrite debt as a tangible security with no actual validity or substance. Without real collateral to insure, they served as insurance illegally tendered and traded across massive arenas. Without tangible assets to back them up, counterfeit currency types and currency surrogates in the form of complex financial products were sold in trade for tangible assets of value.

The speculations of value were unregulated and corrupt. The arm of Congress determining legislation that would by statute, allow the counterfeit and fraud to be stopped were corrupt and the banking industry self-policing watchdogs were greed-driven and corrupt. Given the education level and expertise of all in these positions, they had every reason to know what it would cause ultimately.

In a multi-dimensional, dynamic system such as our macroeconomic system with its capitalist, free market model, systemic structural components must be addressed in their entirety to effect correction. This doesn’t mean, “fix the whole thing at once.” It does mean that it cannot be viewed in the manner of, “fix the costs in the mailroom and it will resolve our bottomline.” That basis of thought will not yield the same results in a larger context that isn’t a business nor is a giant conglomerate entity. The US economy isn’t simply some big umbrella corporation with everything housed within its confines doing business to make a little money and cover its costs. That is not the model of a macroeconomic system.

It’s easier to look at like this:

1. Everybody plays by the same rules.
2. Fraud and corruption isn’t tolerated.
3. The system is interactive, multi-dimensional and dynamic ( as in, ever fluctuating and moving.)
4. All parts do, in fact, influence all other parts at an integral level.
5. When the supply and demand model doesn’t naturally prevail, something is artificially hindering that process by intent or design and can cause failure in the system.
6. Un-secured, non-collateralized debt securitization instruments are capable of nothing, in and of themselves. The actions by which they are passed off as tangible liquid assets when they are not, has been made illegal because those actions are inherently fraudulent, criminal and destructive.
7. Market dynamics are a valuable tool to understand some of the underlying machinations in the overall oscillations of an integrated system. However, they are poor tools to use for the determination of policy and policy choices available.
8. Since without jobs, people don’t pay for houses, without financing houses – banks don’t have moneys to loan and then businesses can’t borrow to make jobs, etc. ad nauseum, it may seem that it is simply a big circle or loop. But in fact, it is not. Because , if everyone had a job and paid for their house and banks were able to lend for businesses to grow, there still wouldn’t exist a thriving and dynamic economy. It would be flat.
9. Healthy macro economies are not flat. They cannot be served successfully in a single-dimension mentality because they are not flat, nor round, nor circular, not linear and definitely not status-based by integrity and fundamentals.
10. However, macroeconomic models in free market capitalism can be and, healthy ones usually are status-driven. Other types of economic systems whether nationalism or socialism, can have defining factors that are not constrained by the principles of the free market systems. In a fair market, competitive advantage is gained by distinction, by value (real value), by service models of advantage and competency, not be defusion, fraud, lobby, corrupt uses of influence, criminal abuses of the systems and unnaturally-gained competitive advantage.

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