UnKle AL

$200 Oil Is Coming While We Waste a Perfectly Good Crisis (Part 3)

Before we all get totally confused --let's get one thing straight-
OIL IS A RENEWABLE RESOURCE !! It is not now, nor ever has been a "Fossil Fuel" produced by dying dinosaurs, etc. Oil is being produced by living plants, mammals and organisms in millions of gallons a day quantities as part of their normal life cycles and is being deposited in relatively predictable areas based on its method of collection. scientists at major oil companies know this and it's time the general public also was informed of this fact. Thus, the oil in the mid-east was formed in the African rain forests, collected by the Nile river and its tributaries, released when it hit the salt waters surrounding the arab nations and deposited in underground formations. Yes, we will run out of oil - for the time being- because we are consuming much faster than the living species on earth are producing: -- but it is being replenished. To quantify this a little more, realize that the Mississippi river flows past Baton Rouge at the rate of 2 billion gallons per minute. Oil is soluble in water from 1-10 parts per million. Therefore, the Mississippi is delivering a minimum of 2,000 gallons/minute of dissolved oil into the Gulf of Mexico every minute of the day and night. The same is true of other areas of the world. This information should be utilized wisely by politicians, law makers and investors.

What's Cramer Got Against Microsoft?

Cramer is correct ! ! I bought 500 shares of MSFT over 5 years ago at $65/share. Since then it has split once at 2 for 1 so I now have 1000 shares which should be valued at a minimum of $32.each. Instead I have shares valued at $16-17 for a 50% loss. Also, what good is it for stockholders if the company makes lots of money but doesn't give a decent dividend. MSFT's story of no growth and a pittance dividend is typical of today's CEO's perspectives.
Mr. Balmer makes multi-millions for a salary, the company is sitting on billions in profits and the stock holders are stuck with a 50% long term loss. Like most CEO's Balmer acts like the company belongs to him and he can do as he pleases. " WRONG" all companies belong to the stockholders and there well being should be factored into all
company plans. Maybe it's time for Mr. Gates to remember that HE is also a stockholder and vote his shares with us peons. Congratulations Mr. Cramer for calling a spade a spade

The Great American Ponzi Scheme (Part II)

I submitted an article similar to this except mine was far more specific as to who caused this massive fiasco. Obviously this scam could have only gone on with the specific approval of the White House wanting to continue the appearance of economic prosperity. However it was then up to Mr. Alan Greenspan, Chrmn. of the Federal Reserve, to create many of these scam vehicles (ARM's, CDO's, Interest Only Mortgages, SIV's) and look the other way while they were sold to the public. Thus, Alan Greenspan must be credited with foistering this Ponzi scheme upon the public and he allowing the loss of over $6 trillion in retirement fund losses. This represents the first half of a double Ponzi scheme.

The second half of this double Ponzi scam is now being played out in Washington. Having scammed the public with cheap paper (ARM's, CDO's, and SIV's ) it then became necessary to pay them back with even cheaper paper. This was accomplished by the brokerage houses (AIG,Lehman, Goldman Saks, Bear Stearns, etc.) creating and issuing insurance policies on the value of the cheap paper mortgages in the form of "Equity Default Swaps" (EDswaps) which guaranteed payment of these mortgages if they defaulted (i.e. for $100,000/ yr. you could insure $5 million in poor mortgages). The main problem was that the brokerage houses issuing these policies took the insurance premiums but never put any of this money aside to cover possible future losses.

instead, they listed such premiums as added profits and executives paid themselves huge bonuses on this supposed new income. Thus, when the mortgages started to fail there was absolutely no funding to cover these EDswaps ,panic resulted and brokerage houses were going under. Now comes the "Fun" part. One of the main architects of the EDswaps vehicles was none other than Mr. Henry Paulson of Goldman Saks who was chosen by Mr. Bush to become Sec. of the Treasury to oversee the distribution of a $700 billion bailout package to help these “poor brokerage houses” stay solvent. Isn't this like putting the Fox to guard the Henhouse?? No wonder AIG was given $123 billion in aid while they held a $400,000 meeting at a resort hotel and are now asking for another $40 billion to give large bonuses to the remaining executives while the stockholders and the public are gasping for air. So much for honesty and integrity in our present system ! ! Don’t some of these folks belong in jail for misleading investors?

The Great American Ponzi Scheme (Part I)

I submitted an article similar to this except mine was far more specific as to who caused this massive fiasco. Obviously this scam could have only gone on with the specific approval of the White House wanting to continue the appearance of economic prosperity. However it was then up to Mr. Alan Greenspan, Chrmn. of the Federal Reserve, to create many of these scam vehicles (ARM's, CDO's, Interest Only Mortgages, SIV's) and look the other way while they were sold to the public. Thus, Alan Greenspan must be credited with foistering this Ponzi scheme upon the public and he allowing the loss of over $6 trillion in retirement fund losses.

Fossil Fuels vs. Green Energy: What's a Better Investment?

Before we go off half-cocked let's get one thing straight. There is no such a thing as "FOSSIL FUELS". the concept that oil was produced by dying dinosaurs, etc is a fairy tale. Oil has always been, and is now, produced by living species. This oil is then collected by streams and rivers and ultimately is deposited in sandstone basins. Scientists then categorize such oils by the geological period of the sandstone basin. Right now,today, oil is being deposited in the gulf of Mexico by the Mississippi River basin at the rate of at least 2,000 gallons /minute. The best way to guarantee continued hydrocarbon oil is to leave as much forest and vegetation standing as possible. If anyone is interested in the
scientific arguments for this position please contact the Editor and I would be glad to justify this position in a detailed article .

Wall Street Breakfast: Must-Know News

Let us never forget that this worldwide banking problem is Alan Greenspan's real legacy. He engineered the whole damned mess .

Wall Street Breakfast: Must-Know News

Let's put the blame for this fiasco where it rightly belongs-- at Alan Greenspan's doorstep. While he was in office he either allowed or personally devised many of these "creative" financial (no money required) instruments to function. As long as bankers were raping the public - that was O.K.-- but once they began passing the hot potato to each other then the game had to stop. Now Alan's running around saying "no-one could have foreseen this debacle". Such performance must have been sanctioned by the administration looking to stay in power. Will our "leaders (?)" also now allow the company officers responsible for promoting these schemes to go retire wealthy or will some of them finally be put in jail.

Just think of it this way--If you took all of the bank robberies that have occurred worldwide in the last 2000 yrs. the robbers would have taken less than 1% of what is now being taken from the public by these officials with their clouded transparencies and unethical actions -- proving once again that the pen is mightier than the sword !

Greenspan On Current Meltdown: Interview with an Arsonist

Mr. Greenspan is going around the world trying to cast a good light on his legacy by stating that "no-one could have predicted this present debacle. WRONG !! My wife's bridge club predicted it several times wondering how people could be given a mortgage without a significant down payment. From nothing down to overblown appraisals to ARM's to interest only loan- only an idiot or a totally incompetent would stand idly by and say nothing. Now, we are all paying for Alan's pseudo intellectual stances. He is now affiliated with s firm that has made billions by shorting Freddie and Fannie. How coincidental ! Perhaps it is finally time for all of us who are financially suffering from his incompetence to refer to him as Mr. REDspan to better describe his term in office.

Wall Street Breakfast: Must-Know News

Let's all be honest. The present financial fiasco is the fault of Mr. Alan REDspan whose job it was to control such excesses. Now he's going around the country saying "no-one could have foreseen this problem"
Hogwash ! For a true explanation please see the article by Mike Stathis on Seeking Alpha Sept. 11th entitled "Greenspan Get Lost". By his actions, Mr. Redspan has cost American Taxpayers up to 10 trillion dollars. In addition, world bankers will now be far more reluctant to trust U. S. paper in the future.

Last Gasp of a Doomed Currency

To further understand the BASIC CAUSE of all this turmoil i encourage all readers to visit the article on Seeking Alpha written by Mike Stathis on Sept. 11th entitled: Mr Greenspan Get Lost at
seekingalpha.com/artic...
Let's put the blame where it really belongs ! !

Wall Street Breakfast: Must-Know News

Thank You Alan RedSpan for the present worldwide financial turmoil. It happened on your watch and even a person with no economic background and a total blindfold would have "seen it coming". My wife's bridge club often wondered how folks could buy property with nothing down and low-paying jobs. It appears that some people will do anything to get re-appointed . Perhaps, you might now call on your extensive economic expertise to suggest a solution to the present situation. The world is waiting for your sage advice !

General Motors: The Next Delisting from the Dow?

Attn America: You cannot export your technology to a country with 1 billion people working at low wages and expect to compete with USA wage levels. The demise of America being a world leader began when CEO's decided to protect their own jobs by building factories overseas. No company can compete against low cost labor once you show them "how" to make a product. I have consulted Worldwide and can assure you all that the laborers in foreign countries are dedicated, intelligent, creative, and will beat "Joe SixPack" every day in a global economy competition. The only way to delay the inevitable is to keep your technology here, control the machinery and technology here and demand "more" science, math and physics training in schools and universities.

Please, Mr. Greenspan, Shut Up

Mr. GreenspaM (!) is going around the world trying to cast a good light on his legacy by statiing that "no-one could have predicted this present debacle. WRONG !! My wife's bridge club predicted it several times wondering how people could be given a mortgage without a significant down payment. From nothing down to overblown appraisals to ARM's to interest only loan- only an idiot or a totally incompetent would stand idly by and say nothing. Now, we are all paying for Alan's pseudo intellectual stances. Perhaps it is finally time for historians to refer to him as Mr. REDspan to connect him to the bottom line of his tenure in office.

Suntech: The Sun's the Limit

Are the panels made by STP easy to install and maintain? I understand that the FSLR panels are sensitive to handling while the eNER panels can be nailed if necessary. comments??

GE May Spin Appliances Unit, Not Sell It

if there is one thing that all US. manufacturers should have learned by now from the Auto industry is that consumers place a premium on "Reliability" i.e. Toyota and Honda vs. GM. If GE appliance is to be of any value to anyone their products will have to meet this test since , at present, dealers all refer to GE as meaning Generally Expensive not generally reliable.