They have always been (for the past 100 years, anyway) so dumb they would sell your kid to science for a freshly printed $1 from a crooked banker.
Congressional stupidity is how the private Federal Reserve gets away with printing cash to bankroll the pre-WWII Japanese navy, the lion’s share of Hitler’s war machine, and finally [...]
All this stimulus money BHO is asking for + all the stimulus money already approved and/or spent by Congress + all other future bailout funds are monies that are completely fabricated. That is, they have been created out of thin air by the Federal Reserve. They simply increase the money supply. We as taxpayers, both [...]
Approximately $56.4 Trillion in Federal Obligations
Prior to Recent Bailouts, Market Declines, Compared to $56.5 Trillion in Household Net Worth
NEW YORK (Dec. 15, 2008) - The sum of America’s liabilities and other financial commitments now exceeds the collective net worth of its citizens, the Peter G. Peterson Foundation has calculated using the latest official data. Growth [...]
1. Steelers win the Super Bowl (sorry, had to throw it in)
2. Netflix (NFLX) will have a strong Q1 with a drop off in q2, steady after that. q1 looking at $30-32
3. WMT will have a temporary increase in share price due to a strong holiday push, where as everyone else failed.
4. Dow will go [...]
Investor Peter Schiff again went to battle with a raft of establishment talking heads on CNBC yesterday who attempted to propagandize for the bailout by pushing the idea that it was necessary and inevitable.
Schiff pointed out that the word “stimulus” was a misnomer because the government has proven itself incapable of stimulating the economy and [...]
what does this say about the treasury dept aka PONZILLA..i guarantee sometime later next year the treasury/fed is gonna say they DON’T HAVE ENOUGH MONEY FOR ALL THE PLEDGED BAILOUT CAUSE CHINA DIDN’T BUY ALL THE DEBT TO FINANCE THEIR PONZI SCHEMES.
Kuwait Scraps Dow Chemical Venture, Imperiling Rohm & Haas Deal
Dec. 28 (Bloomberg) — Kuwait [...]
On 10/24 AEM closed at $26. Yesterday (12/26) AEM closed at $47.87. A gain of 84%.
On 10/24 GLD closed at $72.21. Yesterday (12/26) GLD closed at $85.60. A gain of 18.5%.
On 10/24 AUY closed at $4.03. Yesterday (12/26) AUY closed at $6.95. A gain of 72.45%.
On 10/24 ABX closed at $19.89. Yesterday (12/26) ABX closed [...]
Since when is it the president’s job to create jobs in a country unless that country is Communist?
“For years governments have been promising more than they can deliver, and delivering more than they can afford.”-Paul Martin-
It’ll drive this country into bankruptcy (if it isn’t already). Government can not ensure employment nor should it bailout [...]
GRAND BLANC, Mich. (AP) — The financing arm of General Motor’s Corp. has until midnight Friday to clear a final hurdle in its quest to become a bank holding company, even though it already received the Federal Reserve’s stamp of approval earlier this week.
GMAC Financial Services LLC must complete a complicated debt-for-equity exchange by 11:59 [...]
This was the last Friday before Christmas! Ditto for Lowe’s. Went out today for lunch and drove around for a look see, not much happening, more like a regular day not the holidays! This doesn’t bode well for post Christmas sales figures.
I see some major problems in the first quarter of next year;
1. The commercial [...]
“Dec. 23 (Bloomberg) — General Motors Corp. Chief Executive Officer Rick Wagoner said the biggest U.S. automaker got “what we asked for” with $9.4 billion in U.S. loans over the next 24 days. Investors bet that it’s not enough.
GM tumbled the most in more than a month yesterday in New York trading, while credit-default swaps [...]
Prudently responsible market capitalism is superior to communism because it preserves the sowing and reaping equation without governmental force. Merit deserves its reward just as demerit and ineptitude must be penalized to preserve the legitimacy of law and show the way to goodness.
Legitimacy dies when capitalism gets untethered from its moral moorings. Wall Street epitomizes [...]
The big problem is everyone is SO disconnected from all this. There are large numbers being thrown around and yet every week my paycheck looks the same.
Want to see a revolution? people take to the streets? People to get really outraged over this?
then we should pay for it now.. watch your paycheck dwindle to [...]
Now-you want to talk about the UAW and the employees and other middle class families, here is really where your tax money is going and how it is been spent, we should be screaming about this and not at the hard working middle class families union and non-union workers. Cooperate greed are the ones that [...]
- the $50B Madoff scam. Story broke on the same day as the auto bailout failure in senate. Markets down 300+ pts in pre-open, but miraculously rescued by announcement of White House action. This is a MAJOR story that has big consequences. How many hedge fund investors are now nervous and liquidating positions in order [...]
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