Noriel Roubini - One Of The World's Foremost Economists - NYU

[Beginner]

Roubini foresaw the economic and financial meltdown coming.  We have to give him credit for that.

Now he is struggling with theories how to limit the damage.  Roubini blames the meltdown on savage capitalism while others blame it on too much government intervention by government bodies like the Fed, the SEC, and so on.  These others say if capitalism had been left without government interference this crisis would never have happened.  In other words, the governments, of both parties, brought this crisis about.

Now Roubini reveals himself to be a socialist at heart and seeks even more government intervention by pouring money into the big banks.  This is like adding fuel to the fire.  No one seems to have an answer and everyone seems to be guessing.  Their socialist actions are merely prolonging the agony.

Nowhere does Roubini talk of monetary collapse, either of the euro or the dollar.  Nowhere does he talk of gold.  Of course he has to represent government stability even when it does not exist.

But on this board we seek a safe haven for our savings in this time of economic and financial stress and crisis.  There seems no alternative but precious metals even though there are signs that it is being manipulated -  gold bullion especially. 

But such is the nature of this crisis that we feel uncertainty even in precious metals, at least I do.  There is no denying, the market is a lottery. 

GLTA

[sidewinder]

Beginner,

  I like people that think for themselves.  Well put.