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	<title>Comments on: Revised Baseline Scenario: February 9, 2010</title>
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	<link>http://baselinescenario.com/2010/02/09/revised-baseline-scenario-february-9-2010/</link>
	<description>What happened to the global economy and what we can do about it</description>
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		<title>By: larry</title>
		<link>http://baselinescenario.com/2010/02/09/revised-baseline-scenario-february-9-2010/#comment-44984</link>
		<dc:creator><![CDATA[larry]]></dc:creator>
		<pubDate>Fri, 26 Feb 2010 03:27:06 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=6335#comment-44984</guid>
		<description><![CDATA[here&#039;s a long term prospect. corporate greed is grabbing all the money it can and all these double dipping, money grubbing yahoos are heading for their gated enclaves because they see the handwriting.the economic system will collapse. just a matter when.probably a little later ( ten years, maybe ). global warming will really start to kick in and soon after will come the displacement of millions of people whose sole dependence is on agriculture. how&#039;s the global economy going to pay for that? dwindling resources and rising tides. $hit! quick! head for the hills!..........the human species hasn&#039;t yet developed any sort of credible ethos towards its own kind. can&#039;t make any money off care and compassion.see ya.]]></description>
		<content:encoded><![CDATA[<p>here&#8217;s a long term prospect. corporate greed is grabbing all the money it can and all these double dipping, money grubbing yahoos are heading for their gated enclaves because they see the handwriting.the economic system will collapse. just a matter when.probably a little later ( ten years, maybe ). global warming will really start to kick in and soon after will come the displacement of millions of people whose sole dependence is on agriculture. how&#8217;s the global economy going to pay for that? dwindling resources and rising tides. $hit! quick! head for the hills!&#8230;&#8230;&#8230;.the human species hasn&#8217;t yet developed any sort of credible ethos towards its own kind. can&#8217;t make any money off care and compassion.see ya.</p>
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		<title>By: Whit</title>
		<link>http://baselinescenario.com/2010/02/09/revised-baseline-scenario-february-9-2010/#comment-44483</link>
		<dc:creator><![CDATA[Whit]]></dc:creator>
		<pubDate>Mon, 22 Feb 2010 00:42:49 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=6335#comment-44483</guid>
		<description><![CDATA[The technology? Which? In a nation where there&#039;s plenty of venture capital to back any promising tech, you&#039;re claiming we&#039;ve left something of great promise undeveloped?]]></description>
		<content:encoded><![CDATA[<p>The technology? Which? In a nation where there&#8217;s plenty of venture capital to back any promising tech, you&#8217;re claiming we&#8217;ve left something of great promise undeveloped?</p>
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		<title>By: Whit</title>
		<link>http://baselinescenario.com/2010/02/09/revised-baseline-scenario-february-9-2010/#comment-44482</link>
		<dc:creator><![CDATA[Whit]]></dc:creator>
		<pubDate>Mon, 22 Feb 2010 00:38:13 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=6335#comment-44482</guid>
		<description><![CDATA[We need new taxes just to cover what they&#039;ve already spent. Since when has not paying down the interest on your loans been brilliant policy? If the &quot;No new taxes&quot; tea lovers prevail, that&#039;s the royal road we&#039;ll be following.]]></description>
		<content:encoded><![CDATA[<p>We need new taxes just to cover what they&#8217;ve already spent. Since when has not paying down the interest on your loans been brilliant policy? If the &#8220;No new taxes&#8221; tea lovers prevail, that&#8217;s the royal road we&#8217;ll be following.</p>
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		<title>By: Jeff Hein</title>
		<link>http://baselinescenario.com/2010/02/09/revised-baseline-scenario-february-9-2010/#comment-44324</link>
		<dc:creator><![CDATA[Jeff Hein]]></dc:creator>
		<pubDate>Fri, 19 Feb 2010 17:09:00 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=6335#comment-44324</guid>
		<description><![CDATA[Las Vegas--Noted economics and stock market analyst Frances Newton announced today that she is releasing a summary of her remarkable stock market and economic prediction records which will be available on her website, www.francesinsights.com, starting February 17.

Newton’s recent appearance on the nationally-syndicated Mancow Muller radio show, and her weekly appearances on the Gerry V  Show have generated widespread acclaim.  While appearing on the Mancow show, Newton discussed topics such as why the “Too Big to Fail” U.S. banking system will ultimately prove “Too Big to Bail” and why the banking and monetary system mathematically guarantees poverty.

Newton has been talking for years about the collision course that the U.S. government is on with respect to its monetary policies and how what most people think of as “money” really does not exist in our debt-based monetary system. In fact, according to Newton, the system is due to implode in the coming years.

“Under the current system money cannot be created into circulation without the creation of corresponding debt,” said Newton.  “This debt has an interest obligation attached to it that must be repaid.”

“This interest is not placed into circulation when the debt (money) is created,” Newton added.  “Although it is possible for an individual to pay off a debt, collectively, the system can never be paid off in full and the system must eventually fail.”

Newton believes the current monetary system is insolvent and guaranteed to fail.  She also thinks that the more money that is created, the faster we as a country go down the path to poverty.

Newton has been a regular weekend guest on the Gerry V Show on WRNO-FM, in New Orleans since October, 2008. During her segments, she has discussed the state of the financial markets, the economy and has also made stock market predictions, virtually all of which have come true.

To view a summary of Ms. Newton’s astoundingly accurate predictions, go to www.francesinsights.com.  If you are interested in booking Frances Newton on your radio or television show, call Bruce Merrin Public Relations at (702) 367-0331.]]></description>
		<content:encoded><![CDATA[<p>Las Vegas&#8211;Noted economics and stock market analyst Frances Newton announced today that she is releasing a summary of her remarkable stock market and economic prediction records which will be available on her website, <a href="http://www.francesinsights.com" rel="nofollow">http://www.francesinsights.com</a>, starting February 17.</p>
<p>Newton’s recent appearance on the nationally-syndicated Mancow Muller radio show, and her weekly appearances on the Gerry V  Show have generated widespread acclaim.  While appearing on the Mancow show, Newton discussed topics such as why the “Too Big to Fail” U.S. banking system will ultimately prove “Too Big to Bail” and why the banking and monetary system mathematically guarantees poverty.</p>
<p>Newton has been talking for years about the collision course that the U.S. government is on with respect to its monetary policies and how what most people think of as “money” really does not exist in our debt-based monetary system. In fact, according to Newton, the system is due to implode in the coming years.</p>
<p>“Under the current system money cannot be created into circulation without the creation of corresponding debt,” said Newton.  “This debt has an interest obligation attached to it that must be repaid.”</p>
<p>“This interest is not placed into circulation when the debt (money) is created,” Newton added.  “Although it is possible for an individual to pay off a debt, collectively, the system can never be paid off in full and the system must eventually fail.”</p>
<p>Newton believes the current monetary system is insolvent and guaranteed to fail.  She also thinks that the more money that is created, the faster we as a country go down the path to poverty.</p>
<p>Newton has been a regular weekend guest on the Gerry V Show on WRNO-FM, in New Orleans since October, 2008. During her segments, she has discussed the state of the financial markets, the economy and has also made stock market predictions, virtually all of which have come true.</p>
<p>To view a summary of Ms. Newton’s astoundingly accurate predictions, go to <a href="http://www.francesinsights.com" rel="nofollow">http://www.francesinsights.com</a>.  If you are interested in booking Frances Newton on your radio or television show, call Bruce Merrin Public Relations at (702) 367-0331.</p>
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		<title>By: William</title>
		<link>http://baselinescenario.com/2010/02/09/revised-baseline-scenario-february-9-2010/#comment-43994</link>
		<dc:creator><![CDATA[William]]></dc:creator>
		<pubDate>Wed, 17 Feb 2010 16:07:18 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=6335#comment-43994</guid>
		<description><![CDATA[Is there anything state legislatures can do to reduce power of big banks?]]></description>
		<content:encoded><![CDATA[<p>Is there anything state legislatures can do to reduce power of big banks?</p>
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		<title>By: Jim</title>
		<link>http://baselinescenario.com/2010/02/09/revised-baseline-scenario-february-9-2010/#comment-43704</link>
		<dc:creator><![CDATA[Jim]]></dc:creator>
		<pubDate>Mon, 15 Feb 2010 23:19:22 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=6335#comment-43704</guid>
		<description><![CDATA[1) There was a tremendous negative response to our reps in Sept/Oct 2008 about the bailout and it passed anyway.

2)I don&#039;t know about the other two but I&#039;m not aware of anything in the libertarian school of thought that says dying banks should be given public money.  A reference perhaps?  Did CATO publish something that said this was a good idea?]]></description>
		<content:encoded><![CDATA[<p>1) There was a tremendous negative response to our reps in Sept/Oct 2008 about the bailout and it passed anyway.</p>
<p>2)I don&#8217;t know about the other two but I&#8217;m not aware of anything in the libertarian school of thought that says dying banks should be given public money.  A reference perhaps?  Did CATO publish something that said this was a good idea?</p>
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		<title>By: Jim</title>
		<link>http://baselinescenario.com/2010/02/09/revised-baseline-scenario-february-9-2010/#comment-43700</link>
		<dc:creator><![CDATA[Jim]]></dc:creator>
		<pubDate>Mon, 15 Feb 2010 23:09:40 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=6335#comment-43700</guid>
		<description><![CDATA[Yes, we need new taxes because the politicians have  been so brilliant in spending what we&#039;ve given them.]]></description>
		<content:encoded><![CDATA[<p>Yes, we need new taxes because the politicians have  been so brilliant in spending what we&#8217;ve given them.</p>
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		<title>By: Stuart Williams</title>
		<link>http://baselinescenario.com/2010/02/09/revised-baseline-scenario-february-9-2010/#comment-43352</link>
		<dc:creator><![CDATA[Stuart Williams]]></dc:creator>
		<pubDate>Mon, 15 Feb 2010 01:00:27 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=6335#comment-43352</guid>
		<description><![CDATA[This is a general question:  where do Paulson and Geitner, etc. get their data to back up their claims &quot;...if we&#039;d done nothing we would have faced economic collapse, 25% unemployment.&quot;, etc??
  This seems to me to be exaggerated, fear-mongering, pulling-figures-out-of-a-hat.  In other words: when things are bad, give us a blank check.
  What would have happened if TARP, etc. had not happened??
  Also: note the hypocrisy with which these guys cloak their rhetoric: the &quot;need to save our economic system/our society&quot;. This really does make them &quot;socialists&quot;, since the needs of society take precedence over all else.  And, as for fears of high unemployment, when have these guys given a damn about unemployment?!
--stuart williams]]></description>
		<content:encoded><![CDATA[<p>This is a general question:  where do Paulson and Geitner, etc. get their data to back up their claims &#8220;&#8230;if we&#8217;d done nothing we would have faced economic collapse, 25% unemployment.&#8221;, etc??<br />
  This seems to me to be exaggerated, fear-mongering, pulling-figures-out-of-a-hat.  In other words: when things are bad, give us a blank check.<br />
  What would have happened if TARP, etc. had not happened??<br />
  Also: note the hypocrisy with which these guys cloak their rhetoric: the &#8220;need to save our economic system/our society&#8221;. This really does make them &#8220;socialists&#8221;, since the needs of society take precedence over all else.  And, as for fears of high unemployment, when have these guys given a damn about unemployment?!<br />
&#8211;stuart williams</p>
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		<title>By: Amy</title>
		<link>http://baselinescenario.com/2010/02/09/revised-baseline-scenario-february-9-2010/#comment-43287</link>
		<dc:creator><![CDATA[Amy]]></dc:creator>
		<pubDate>Sun, 14 Feb 2010 05:08:37 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=6335#comment-43287</guid>
		<description><![CDATA[Could someone please explain in a plain English language what happed to Greece.]]></description>
		<content:encoded><![CDATA[<p>Could someone please explain in a plain English language what happed to Greece.</p>
]]></content:encoded>
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		<title>By: democritus</title>
		<link>http://baselinescenario.com/2010/02/09/revised-baseline-scenario-february-9-2010/#comment-43286</link>
		<dc:creator><![CDATA[democritus]]></dc:creator>
		<pubDate>Sun, 14 Feb 2010 04:07:51 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=6335#comment-43286</guid>
		<description><![CDATA[The US did do something along these lines once.  It was called the Reconstruction Finance Corporation, itself inspired by the WW1-era War Finance Corporation.
But re-inventing the RFC would be just as archaic as reinstituting Glass-Steagall.
     Um, wait...]]></description>
		<content:encoded><![CDATA[<p>The US did do something along these lines once.  It was called the Reconstruction Finance Corporation, itself inspired by the WW1-era War Finance Corporation.<br />
But re-inventing the RFC would be just as archaic as reinstituting Glass-Steagall.<br />
     Um, wait&#8230;</p>
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		<title>By: Mark Goldes</title>
		<link>http://baselinescenario.com/2010/02/09/revised-baseline-scenario-february-9-2010/#comment-43168</link>
		<dc:creator><![CDATA[Mark Goldes]]></dc:creator>
		<pubDate>Fri, 12 Feb 2010 22:12:21 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=6335#comment-43168</guid>
		<description><![CDATA[Economist Jeff Rubin believes it was triple digit oil prices that caused the financial crisis. He sees another one within 24 months.

See my short article:  High Oil Prices May Soon Threaten the Economy  at: http://www.aesopinstitute.org

Ordinary water, to the surprise of almost everyone, can replace oil. A barrel of water becoming the equivalent of 200 barrels of oil.

With a 24/7 development program, that might begin to happen rapidly enough to dampen the oil price rise.]]></description>
		<content:encoded><![CDATA[<p>Economist Jeff Rubin believes it was triple digit oil prices that caused the financial crisis. He sees another one within 24 months.</p>
<p>See my short article:  High Oil Prices May Soon Threaten the Economy  at: <a href="http://www.aesopinstitute.org" rel="nofollow">http://www.aesopinstitute.org</a></p>
<p>Ordinary water, to the surprise of almost everyone, can replace oil. A barrel of water becoming the equivalent of 200 barrels of oil.</p>
<p>With a 24/7 development program, that might begin to happen rapidly enough to dampen the oil price rise.</p>
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		<title>By: MK</title>
		<link>http://baselinescenario.com/2010/02/09/revised-baseline-scenario-february-9-2010/#comment-43044</link>
		<dc:creator><![CDATA[MK]]></dc:creator>
		<pubDate>Thu, 11 Feb 2010 19:42:24 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=6335#comment-43044</guid>
		<description><![CDATA[Please delete the ad James.]]></description>
		<content:encoded><![CDATA[<p>Please delete the ad James.</p>
]]></content:encoded>
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		<title>By: MK</title>
		<link>http://baselinescenario.com/2010/02/09/revised-baseline-scenario-february-9-2010/#comment-43042</link>
		<dc:creator><![CDATA[MK]]></dc:creator>
		<pubDate>Thu, 11 Feb 2010 19:31:06 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=6335#comment-43042</guid>
		<description><![CDATA[The retirement of the baby boomers will never actually happen.  Most people are going to be forced to work until they are phycially too old to do anything at all, welcome back to the pre-WWII world.]]></description>
		<content:encoded><![CDATA[<p>The retirement of the baby boomers will never actually happen.  Most people are going to be forced to work until they are phycially too old to do anything at all, welcome back to the pre-WWII world.</p>
]]></content:encoded>
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		<title>By: Sid Finster</title>
		<link>http://baselinescenario.com/2010/02/09/revised-baseline-scenario-february-9-2010/#comment-43015</link>
		<dc:creator><![CDATA[Sid Finster]]></dc:creator>
		<pubDate>Thu, 11 Feb 2010 14:14:12 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=6335#comment-43015</guid>
		<description><![CDATA[That would be unAmerican and Communistic.]]></description>
		<content:encoded><![CDATA[<p>That would be unAmerican and Communistic.</p>
]]></content:encoded>
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		<title>By: Bayard</title>
		<link>http://baselinescenario.com/2010/02/09/revised-baseline-scenario-february-9-2010/#comment-43001</link>
		<dc:creator><![CDATA[Bayard]]></dc:creator>
		<pubDate>Thu, 11 Feb 2010 11:10:18 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=6335#comment-43001</guid>
		<description><![CDATA[This results from what we might as well call the worldwide plutocracy, since it is not only in the US (which is pervasive to the fatal extent) but by extension to the world where the major players have staked out their own plutocratic regimes as defense against us.  God save us all when this house of cards collapses!!]]></description>
		<content:encoded><![CDATA[<p>This results from what we might as well call the worldwide plutocracy, since it is not only in the US (which is pervasive to the fatal extent) but by extension to the world where the major players have staked out their own plutocratic regimes as defense against us.  God save us all when this house of cards collapses!!</p>
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