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- Satan's Ambition
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- The Challenge Of Bible Christianity Today
- Three Men On The Mountain
- Greatest Single Issue of our Generation
- Bob Creel The Death Of A Nation
- Earth's Darkest Hour
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Must Read
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What Art Thinks
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- _Separation
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Pre-Millennialism
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Audio
- Satan's Ambition
- Counterfeit Christianity
- Three Things We All Must Do
- Two Coming Rulers
- Why No Joy
- Message Of Encouragement
- Greatest Single Issue of our Generation
- salvation.
Video
- One World Religion
- Atheism's Best Kept Secret
- Milk From Nothing
- Repentance and True Salvation
- Giana Jesson in Australia - Abortion Survivor - Pt. 1 & Pt 2
- Billy Graham Denies That Jesus Christ is the Only Way to the Father
- Emerging Church & Intersprituality Preview
- Israel, Islam and Armageddon 6 Parts
- Blasphemous Teachings of the 'emergent Church
- Megiddo 1 - the March to Armageddon
- It's Coming, the New World Order
- Creation Vs Evolution Part 1 of 4
- Creation Vs. Evolution Part 2 of 4
- Creation Vs. Evolution Part 3 of 4
- Creation Vs. Evolution Part 4 of 4
- Billy Graham Says Jesus Christ is not the Only Way
- Wide is the Gate
- A Debate: Mariology: Who is Mary According to Scripture?
- The Awful Reality of Hell
- Conception - How you are Born - Amazing
- Atheist's Best Kept Secret
- Why Kids are Becoming Obsessed With the Occult
- Searching the Truth Origins Preview 2
- Searching for Truth for Origens Preview 1
- Searching the Truth for Origins 3
- Emerging Church & the Road to Rome
- Another Jesus 1 of 7
- Another Jesus 3 of 7
- Another Jesus 4 of 7
- Another Jesus 5 of 7
- Gay Marriage is a Lie - to Destroy Marrriage
- Another Jesus 6 of 7
- Another Jesus 7 of 7
- Evolution Fact or Fiction - Part 1
- Evolution Fact or Fiction - Part 2
- Evolution Fact or Fiction - Part 3
- The Most Heartrending Abortion Testimony You ll Ever Hear, from a Former Abortionist
- Creation vs. Evolution
- A Lamp in the Dark: Untold History of the Bible - Full Documentary
- When the Trumpet of the Lord Shall Sound
Special Interest
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- Destruction of Damascus?
- Peace and Safety?
- The Emerging Church
- The Growing Evangelical Apostasy
- The State of the Church
- Child Sacrifice
- Outside the Camp
- The Church Walking With The World
- The Present Apostasy
- The World is to Blame
- How to Give Assurance of Salvation Without Conversion
- New Evagelicalism
- New Neutralism Ch. 1 - 3
- New Neutralism Ch 10-11
- New Neutralism Ch 12-13
- New Neutralism Ch 4 -6
- New Neutralism Ch 7 - 9
- The Danger of the Philosophy of New Evangelical Positivism
- Who Do Jehovah's Witnesses Say Jesus Is?
- A Dilemma of Deception: Erwin McManus 'Barbarian Way'
- Are We Fundamentalist
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- The Seventh Commandment
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- Christ Died on Thursday
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- The Eigtht Commandment
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- In Jesus Calling: Jesus Contradicts Himself
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- Cessationism
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- Isn't Halloween Just Harmless Fun?
- Rock Music and Insanity (Excerpts)
- Preview of the Coming of the One World Religion for Peace:
- Muslims Invoke the Name of Jesus?
- A Sin Problem Rather Than a Skin Problem
- Scientific Evidence for the Flood
- Another Step to Rebuilding the Temple - Holy of Holies Veil Being Recreated
- Darwin's Errors Pt. 1
- Eastern Mysticism
- George Muller's rules for discerning the will of God
- The Tract
- The Church and the World Deceived
- Ye Must Be Born Again
- The Call of Abraham
Daily News
6937
“'We're in the Middle of a Crash': Black Swan”
by cnbc
July 3rd, 2009
by cnbc
July 3rd, 2009
The financial system is crashing and action must be taken by the US government to convert debt into equity to produce a more stable environment, Nassim Taleb, author of "The Black Swan," told CNBC Thursday.
"You may have green shoots, whatever you want to call them, you may have temporary relief, but you are still in a world that's breaking," Taleb said on "Squawk Box."
Anything that's fragile like the financial system will eventually crash, he said.
"We're in the middle of a crash," Taleb said. "So if I'm going to forecast something, it is that it's going to get worse, not better."
The government needs to deleverage debt and not try stimulus packages that will inflate assets, he said.
"What makes me very pessimistic in not seeing any leadership or awareness on parts of government on what has to be done, which is deleverage $40-to-$70 trillion," Taleb said.
"The monkey on our back is debt," he added.
As an example, Taleb said banks should not be sending demands for larger and larger sums from homeowner in arrears on their mortgage. Instead the bank should offer to lower the monthly payments in return for part-ownership of the property.
"People would be able to start from scratch on a healthy basis. You don't want to wait for foreclosure," he said.
