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nova

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  • The Service Employees International Union is urging government paymaster Kenneth Feinberg to stop retirement payments to Bank of America's (BAC) departing CEO Kenneth Lewis until the bank stops foreclosures and increases lending. Lewis' package includes $53.2M in benefits and $72.8M in accumulated stock and other compensation.  [View news story]
    Neil459 wrote:
    "This idea to stop retirement payouts is simply fascist. If the government can do it to the CEO they can do it to you. Look out."

    Obama is just a fraud and a Chicago gangsters. The Constitution and the Law means nothing to this him and his associates in the Congress.

    PS
    Watch out unions. A Fascist state liquidates unions.
    Oct 8 10:26 PM | 1 Like Like |Link to Comment
  • Russians helping build Iranian Nukes [View instapost]
    Reading all these neo-con and zionist articles/comments/etc., one can clearly see their desire to start the WWIII.

    It is in Iranian, Chinese and Russians interest to get America involved into Iran's affair. This will start an unrestricted worldwide nuclear weapon proliferation process to stop international outlaws like the USA and Israel. The next 9.11s will have big mushroom clouds all over America.
    Oct 8 06:54 PM | 1 Like Like |Link to Comment
  • Senate Democrats introduce legislation that would extend unemployment insurance benefits for up to two million Americans, some of whom could collect for up to 99 weeks.  [View news story]
    tunaman4u2 wrote:
    " We really aren't too far off of socialism eh?"

    Socialism has very little to do with welfare. Socialism is redistribution of wealth instead of welfare.

    Soviet's socialism was simple: people who don't work do NOT eat. This is the real socialism.

    L. Johnson's "Great Society" welfare system is what the present President and Congress are trying to emulate.

    The bottom line: the US politicians do believe that printing money will solve all problems without any adverse consequences.
    Oct 8 06:37 PM | 1 Like Like |Link to Comment
  • Brazil Is Already a Winner Prior to the Olympics [View article]
    Just 15-20 years ago, the world has been very different. China, India, Brazil, etc., were economically nobody. The USA was an indisputable superpower.

    Now, things are a lot different. As the US economy is falling apart, its military will follow a downslope.

    Yes indeed, the world in just 5-10 years well be again very different from today. New barbarians are at the gate preparing to take the American Empire down.

    It is just incredible Americans do believe in their own BS and lies!
    Oct 5 10:06 AM | 1 Like Like |Link to Comment
  • The Next Major Crisis Brewing [View article]
    Early or later, any "creative" (a.k.a. fraud) accounting lead to financial ruins.

    It does buy some time but the consequences are horrendously bad.
    Oct 1 08:19 AM | 29 Likes Like |Link to Comment
  • Get Ready for a British (Bank Executive) Invasion [View article]
    TraiderMark,
    thanks for a good review.

    The major problem with corporate America is that executive fraud and thievery are allowed in public companies. Public companies shareholders interests are something inconsequential in corporate America.
    Sep 29 12:29 PM | Likes Like |Link to Comment
  • Obama Is Losing with Healthcare Reform [View article]
    "Healthcare costs are 50 percent higher in the United States than in Canada or Europe. Culprits include huge malpractice costs, higher drug prices and physician fees, hospital and insurance bureaucracies, and lavish executive salaries foreign systems don’t carry."

    The major cost drivers of any socialist program are FRAUD, FRAUD, and FRAUD. People always find ways to "milk" the system bif time.

    For this matter, the present US health care system is very much socialistic one: health insurers do not care about controlling fraud and medical cost. Instead, they are just passing the cost to the payers. A real free-market system does not work this way.
    Sep 29 12:05 PM | 3 Likes Like |Link to Comment
  • You Can Spend Your Way Out of a Recession [View article]
    If the life was that simple: a government prints money and the rest is a dream economy.

    If it was a case, why did not the Weimar Republic, Zimbabwe, etc., become most prosperous countries in the world?
    Sep 29 08:40 AM | Likes Like |Link to Comment
  • U.S. Dollar: The Investment that Might Be About to Bottom [View article]
    The US policy is to drive its stock markets up at all expenses (including debasement of US$).

    Falling US stock markets will put insurmountable pressure on US banks, insurance companies and pension funds. US ruling elite cannot allow it to happen short of committing a political suicide.
    Sep 29 08:23 AM | 4 Likes Like |Link to Comment
  • Sources say Chinese state-owned oil company CNOOC (CEO) is in talks with Nigeria to buy a large stake in some of Africa's richest oil blocks, at a possible value of $30B. A successful buy would put CNOOC in competition with western oil majors with a strong presence in the area (TOT, RDS.A, CVX, XOM).  [View news story]
    Congratulation Chinese. You mean & do business.

    On our part, marxist & fraud Obama is busy protecting unions and welfare parasites driving the USA in a 3rd-world country.

    America, be ready to face the music.
    Sep 29 08:05 AM | 2 Likes Like |Link to Comment
  • Michelle Leder looks through the employment contract of new Freddie Mac (FRE) CFO Ross Kari and finds perks including a (taxpayer-funded) $1.95M signing bonus - just about 20 times the one he got for signing with Fifth Third Bancorp last November.  [View news story]
    Marxist Obama's objective is to ruin the USA. Consequently, the more unsustainable debt, more bankrupt companies, more lost wars, more industrial/manufacturing unemployment is the better.

    Back in 1917, the USA and Britain intended to ruin their ally czarist Russia. So, with a lot of money going to corrupt politicians, A. Kerensky became Russian PM. In just 9 months, he ruined Russian government and army assisting marxist-terrorist Lenin rise to the bolshevik dictatorship.

    The only irony was that the USA and Britain have succeeded ruining their ally czarist Russia. But in it place came the Soviet Union that destroyed the British empire and was about to start a nuke war with the USA.
    Sep 25 02:56 PM | 2 Likes Like |Link to Comment
  • China Voices Dollar Concerns at G20 Summit [View article]
    Obama administration credibility is on a par with a used care salesman. Well, the US Congress is another corrupt & rotten place. So is the FED.

    It appears that the American empire is about to go down very hard with highly dedicated efforts of Obama and US banking oligarchy.

    It is just a matter of time before a major confrontation will happen between the USA, Britain and the rest of world.
    Sep 25 10:01 AM | 13 Likes Like |Link to Comment
  • Julian Robertson: US May Face 'Armageddon' If China, Japan Don't Buy Debt [View instapost]
    It appears that "the party" is about over.
    Sep 24 11:40 PM | Likes Like |Link to Comment
  • TERROR THREAT FRAUD [View instapost]
    People in America are no more "bright" than people in the former Soviet Union back in 1930s-1950s during Stalin's regime.

    Enemies of people, spies, and terrorists were all over the Soviet Union. After many millions of innocent people were tortured, sent to concentration camps, starved to death, slaughtered, Stalin admitted that "it went too far"...The reasons why Stalin initiated the "Great Terror" was simple: the economy was going to hell and Stalin was about to initiate the WWII. Does it sound familiar to Obama's regime (the US economy is about to collapse and more and more wars on a horizon).

    Did American people learned anything from Soviets? It does not appear to be a case.

    PS
    My own uncle (an university professor) was sentenced to death for "trying to blow up Moscow". Well, he was very lucky. His friend asked Stalin to help and Stalin personally ordered his release.

    The funny part of the story was that investigators and the judge responsible for my uncle interrogations and conviction were executed for being members of a terrorist group who tried to kill a friend of Stalin's friend. Nobody was safe!
    Sep 24 11:29 PM | 2 Likes Like |Link to Comment
  • USDA Subprime [View article]
    This "new" Obama/Congress economic destroys the foundation of American economy and society.

    Are Obama people and the Congress members that stupid or do they intentionally destroy the country? It appears to be the later.

    Starting with Obama actions with GM and Chrysler, there are no more reasons to honor any contract obligations. We are living in a totally lawless society. This shit cannot go on for too long!
    Sep 24 10:43 PM | 2 Likes Like |Link to Comment
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