Absolved

Dollar Goes Down Along with Bailout Plan

Nice work as usual Kathy! What I find interesting is how cheap Silver is despite the lack of physical product in the market place. I tried to buy bullion from 3 major mints and was turned back by the 6-8 week delivery period. During the March madness surrounding the BearStearns collapse, silver shot up to the 20's. Supply was not an issue then, I'm shocked that we're hanging in the low teens and not pushing $18-$20/oz on the heels of 3 major bank failures (Lehman, Wachovia, and WaMu). It's almost like some other pressure is constraining the price.

Fannie and Freddie: Finally a Light at the End of the Tunnel?

It's a freight train...

Hoping Paulson's Plan Works Is Not a Plan

These morons (our elected officials) will rush to approve the Patriot Act, rush to give war powers for invading Iraq based upon falsified intelligence, and now rush to throw our hard earned money into the fire of bad credit obligations?! I think the time has come for a clean sweep of the whole lot.

Bondholders and shareholders of these failing banks should be completely wiped out, they understood the risks they invested in and they should be vanquished. I honestly don't care if the collapses take down the Federal Reserve system. There should be no assumption of their risks by the taxpayer. Period.

No Bailout, No Way, No How...Let them burn!

Global Stock Markets: The Deleveraging Process Continues

It's time we all question the basic assumptions again. The bailout, taking shape under whatever guise, will NOT work. It will serve the one purpose for which it was intended, the rescue of the Federal Reserve System. If you actually think that is worth raising the tax burden on every American, their children, and their children's children, THINK AGAIN. We actually have a chance to cut the chains of bondage from the Fed, get back onto a system of real money (gold standard). It will be hard for a while, but companies fail all the time. Banks are no different. Don't believe the lie, there is no such thing as too big to fail (part of the fear-mongering). A bailout will make us all tax slaves forever, we will suffer a period of deflation as they unwind their self-created bubble, then they will turn on the cash printing press and hyperinflation will follow, and the plan still might not work and could plunge us into war with creditor nations! Call Congress and tell them:

NO DEAL, NO WAY, NO HOW

O Bailout Package, Where Art Thou?

LET THEM FAIL!!! The music has stopped and the fat cats can't find a chair...who gives a $%&* what happens to them or their worthless fake currency. We taxpayers have already been picked dry. A war, a recession, expensive oil, globalization, medical costs, out of control government spending...ENOUGH ALREADY! Bondholders and shareholders in these institutions must now bear the risks of their investments...liquidat... baby!

Time Not for a Bailout, But for Nationalization

Pardon me, but you're an idiot! The Federal Reserve is part of the problem! The banksters now want to pass their garbage off onto the American taxpayer...yeah right, not going to happen. Businesses fail all the time. Sure, it will hurt. They fostered instituting the CRA which led to their current situation, they fought being regulated, they forced some of the trash onto Fannie and Freddie who also fought being regulated, and now the music has stopped and they want the taxpayer to create a chair for them. NO DEAL!

Is the $700 Billion Really for Bailing Out the Fed?

I am so against this bailout I'm going to get my 10 year old daughter, my wife, and I to walk with signs from the Mall to the Whitehouse in Protest. If they go against the will of the people in favor of keeping us in bondage to the fed and banksters, an insurrection will arise as never in the history of this country.

Law of Supply & Demand Is Dead for Gold & Silver

THE PSYCHOLOGY OF A CASHLESS SOCIETY:

I think the reason we have not seen more bank runs lies in a current phenomena which couldn't have existed during the Great Depression. Most people, myself included, don't typically carry cash like days past. Our society, for better or worse, has grown accustomed to direct deposit, automated bill payments, and direct access to our checking accounts through debit cards. As our banks reel in the storm of massive de-leveraging, I can't help but think that our apparent lack of concern for our cash is a direct result of our disconnection from even the paper cash. It seems to have lost even the fiat value represented by the paper, displaced largely by the electrons actually exchanged in the system each day. Just my two cents.

Government Statistics: Perfecting the Art of Mass Deception

It's really quite simple to understand, the system has been rigged to steal from the average Joe to the benefit of a few, their friends, and supporters. The republic has been lost.

"...whenever the Legislators endeavour to take away, and destroy the Property of the People, or to reduce them to Slavery under Arbitrary Power, they put themselves into a state of War with the People, who are thereupon absolved from any farther Obedience ... [Power then] devolves to the People, who have a Right to resume their original Liberty, and, by the Establishment of a new Legislative (such as they shall think fit) provide for their own Safety and Security, which is the end for which they are in Society." --John Locke

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Why GM Should Embrace Bankruptcy

I agree with the sarcastic sentiments of Paulk8756...Socialism has failed all around the world and it will fail here.

Saving SulphCo From Investor Confusion

SUF's "sonocracking technology" just plain doesn't work. It's a very fancy, unreliable mixer. The company has not done an energy or mass balance around sulfur and likely never will. Do yourself a favor and run from this dog as far as you can.

Gold Technicals: Will We See a Correction or $1,080?

Well I cashed out at 910. I based my opinion on the leveling out I saw in the $INDU:$GOLD ratio. It seemed that people think stocks are a value play at these numbers and the downside risk is relatively low compared to gold. Just gamblin'.

Subster