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View Full Version : So the Iraq financial disaster is a separate disaster from current crisis?


cosmolothrentas
09-21-2008, 03:44 AM
I just want to be clear. The banking/mortgage/credit implosion/disaster is separate from Iraq and MIC/Israel financial equation?
And that is why no one discusses the gorilla swinging from the chandelier?
Too simplistic of me?
I must not be nuanced enough to grasp the current crisis, so I am trying to force problems that have nothing to do with one problem onto another.....oh I see.
As Johnny Carson would have said: "I did not know that."

And here I had this childish notion that if there is a truly severe financial crisis like this, then someone would point to the gorilla swinging from the chandelier as a first step in dealing with it.

But now I see I am an ignorant neophyte who just doesn't grasp how complex the banking issue is, and that there are good reasons why no one discusses Iraq in dealing with this.

But guess what? No one has explained it to me. Why is this obvious Iraq occupation financial disaster separate?
Why? Iraq has nothing to do with mortgages? Well...I kinda...know that....? y'know? But that is not an answer.

If this is TRULY an impending crisis with radical solutions needed, then WHY does no one say "Ummmm, yeah.....um there is like, y'know, this Iraq thingy-deal over here, remember it....?....and we could probably just shut it down and put the savings into the equation for a real solution. Oh, and maybe cut Israel aid in half or more."

But what do I know. No one discusses these while discussing the current crisis, so if it is just me, and I am a financial neophyte, then everyone must be right, and I must be dense, and offering simplistic nonsense not worthy of consideration.

Mortgage/banking crisis and the Iraq debacle - and never the two shall meet, and as nuch as they twine, they don't intertwine.
I just have to accept the nuance of complex financing is beyond my reach to figure these things out and quit forcing these embarrassingly simplistic frameworks onto issues that are beyond my grasp, and leave it alone.

Neh, that would not be me:

So, why are they NOT intertwined, again? .

.

Golden Eagle
09-21-2008, 03:56 AM
10th term Republican Congressman Ron Paul might disagree with you.:sarc:

AMforPM
09-21-2008, 05:20 AM
Just what I was going to say, Eagle. Ron Paul repeatedly pointed out the financial cost of that war as unsupportable in addition to the moral wrongness and how profoundly unamerican it is.

However, the costs of the Iraq war are not the only financial problem. While it is true that you can spot the huge inflation from each war tracking back through US history and also UK history, this particular financial train wreck, besides the MIC component, has the derivative meltdown powering it. And a whole lot of fraud. And K winter.

So bringing the troops home would be great, but I am not persuaded that it would stop the derivative problem or allow it to be unwound harmlessly.

I have tried to imagine the least harmful way the derivatives could be unmade. I have not thought up a solution yet. (As if anyone who could enact such a policy wanted my opinion. But I do wonder if it is even possible.)

I can think or more and less harmful ways for things to play out. And considering how bad worst case could be, that is worth considering.