duncanriley.com - Latest Comments in Game Over.

Re: Game Over.

Prophasi — Thu, 25 Sep 2008 10:03:51 -0000

It's a long way to go to get to actual Communism, but it's a matter of degrees. People are certainly deceiving themselves, though, if they think this was the watershed event that broke the barriers; you can look to Social Security, welfare, Medicare, and highly progressive tax rates for that. Communism is all about wealth redistribution, and those are the American strongholds of it.

Re: Game Over.

Prophasi — Thu, 25 Sep 2008 10:00:47 -0000

Interesting timing to note that "Communist China is hurtling towards capitalism" just as all Chinese banks were ORDERED not to lend to borrowers of their choice.

Re: Game Over.

Shey — Thu, 25 Sep 2008 09:37:14 -0000

I think they meant that in terms of the economy -- and I also think it's a valid point.

Re: Game Over.

mathewballard — Thu, 25 Sep 2008 09:12:08 -0000

We are not becoming Communist. People are just over reacting.

Re: Game Over.

David Petherick — Thu, 25 Sep 2008 09:11:55 -0000

Seems the Reuters source was not following the Chinese Party Line on that story - see latest update from Reuters ('UPDATE #3) http://www.reuters.com/arti... where the Chinese Banking Regulatory Commission refutes giving these instructions.

Still pretty scary if you're a US banker (or are a taxpayer with a mortgage).

Re: Game Over.

Shey — Thu, 25 Sep 2008 09:01:32 -0000

That quote is so true.

Just wait till China starts dictating terms of repayment :/

Re: Game Over.

Mat Packer — Thu, 25 Sep 2008 08:31:21 -0000

I think there might be some interesting shifts in the worlds marketplaces coming shortly. I'm sure there will be further developments over night, will have to stay tuned I guess.

Re: Game Over.

Dan — Thu, 25 Sep 2008 08:24:44 -0000

So of course I am out there looking for anything to cooberate this puppy, and there is nothing that I could find that would indicate that anyone else has picked this story up. Not on any of the major financial sites, checked MSN Money, Market Watch, Forbes, etc. Do you know if anyone else is picking this up, even market futures are up slightly, this is the kind of information that would drive market futures way down.

Re: Game Over.

smbeebe — Thu, 25 Sep 2008 08:18:27 -0000

yikes! this is really bad news for us here in the USA...not liking our current situation at all...very uneasy!!

Re: Game Over.

gregorylent — Thu, 25 Sep 2008 07:07:29 -0000

great find, thanks