nova's Comments nova's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/214245/comments 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. http://seekingalpha.com/news/market_currents/post/33898?source=feed#comment-709739 709739 "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.]]>
Thu, 08 Oct 2009 22:26:25 -0400 "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.]]>
Russians helping build Iranian Nukes http://seekingalpha.com/instablog/269895-doubleguns/30938-russians-helping-build-iranian-nukes?source=feed#comment-709396 709396
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.]]>
Thu, 08 Oct 2009 18:54:03 -0400
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.]]>
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. http://seekingalpha.com/news/market_currents/post/33901?source=feed#comment-709379 709379 " 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.]]>
Thu, 08 Oct 2009 18:37:59 -0400 " 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.]]>
Brazil Is Already a Winner Prior to the Olympics http://seekingalpha.com/article/164805-brazil-is-already-a-winner-prior-to-the-olympics?source=feed#comment-703593 703593
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!]]>
Mon, 05 Oct 2009 10:06:12 -0400
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!]]>
The Next Major Crisis Brewing http://seekingalpha.com/article/164251-the-next-major-crisis-brewing?source=feed#comment-698202 698202
It does buy some time but the consequences are horrendously bad.]]>
Thu, 01 Oct 2009 08:19:57 -0400
It does buy some time but the consequences are horrendously bad.]]>
Get Ready for a British (Bank Executive) Invasion http://seekingalpha.com/article/163801-get-ready-for-a-british-bank-executive-invasion?source=feed#comment-695423 695423 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. ]]>
Tue, 29 Sep 2009 12:29:30 -0400 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. ]]>
Obama Is Losing with Healthcare Reform http://seekingalpha.com/article/163903-obama-is-losing-with-healthcare-reform?source=feed#comment-695365 695365
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.]]>
Tue, 29 Sep 2009 12:05:14 -0400
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.]]>
You Can Spend Your Way Out of a Recession http://seekingalpha.com/article/163444-you-can-spend-your-way-out-of-a-recession?source=feed#comment-695069 695069
If it was a case, why did not the Weimar Republic, Zimbabwe, etc., become most prosperous countries in the world?]]>
Tue, 29 Sep 2009 08:40:36 -0400
If it was a case, why did not the Weimar Republic, Zimbabwe, etc., become most prosperous countries in the world?]]>
U.S. Dollar: The Investment that Might Be About to Bottom http://seekingalpha.com/article/163847-u-s-dollar-the-investment-that-might-be-about-to-bottom?source=feed#comment-695053 695053
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.]]>
Tue, 29 Sep 2009 08:23:17 -0400
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.]]>
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). http://seekingalpha.com/news/market_currents/post/33266?source=feed#comment-695043 695043
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.]]>
Tue, 29 Sep 2009 08:05:42 -0400
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.]]>
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. http://seekingalpha.com/news/market_currents/post/33165?source=feed#comment-691291 691291
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.]]>
Fri, 25 Sep 2009 14:56:23 -0400
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.]]>
China Voices Dollar Concerns at G20 Summit http://seekingalpha.com/article/163438-china-voices-dollar-concerns-at-g20-summit?source=feed#comment-690665 690665
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.]]>
Fri, 25 Sep 2009 10:01:29 -0400
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.]]>
Julian Robertson: US May Face 'Armageddon' If China, Japan Don't Buy Debt http://seekingalpha.com/instablog/104018-tradermark/28992-julian-robertson-us-may-face-armageddon-if-china-japan-don-t-buy-debt?source=feed#comment-690281 690281 Thu, 24 Sep 2009 23:40:27 -0400 TERROR THREAT FRAUD http://seekingalpha.com/instablog/239719-james-quinn/28698-terror-threat-fraud?source=feed#comment-690279 690279
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! ]]>
Thu, 24 Sep 2009 23:29:52 -0400
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! ]]>
USDA Subprime http://seekingalpha.com/article/163238-usda-subprime?source=feed#comment-690262 690262
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!]]>
Thu, 24 Sep 2009 22:43:55 -0400
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!]]>
Bank Reform: One Central Banker that Gets It? http://seekingalpha.com/article/163243-bank-reform-one-central-banker-that-gets-it?source=feed#comment-689626 689626 " Yet one more stellar example of how the onerous laws in this country create none of the safety and security that one would like should happen.

We don't need more laws. We need simple, enforceable laws that truly protect the bulk of our citizens while allowing personal freedom and pursuit of life, liberty and happiness."

Our political system is terribly corrupt. The only interests our politicians care are
- Their own interests
- Interests of their "to big to fail" masters]]>
Thu, 24 Sep 2009 13:42:57 -0400 " Yet one more stellar example of how the onerous laws in this country create none of the safety and security that one would like should happen.

We don't need more laws. We need simple, enforceable laws that truly protect the bulk of our citizens while allowing personal freedom and pursuit of life, liberty and happiness."

Our political system is terribly corrupt. The only interests our politicians care are
- Their own interests
- Interests of their "to big to fail" masters]]>
BRING THE TROOPS HOME - NOW!! http://seekingalpha.com/instablog/239719-james-quinn/28548-bring-the-troops-home-now?source=feed#comment-689260 689260
As for some brave idiots calling for US to use nukes at any occasion, I like to ask a question: there is no doubts we can wipeout North Korea or Pakistan but how many millions of American lives are we ready to sacrifice as a result of retaliations?

For instance, Israel may have 200 nukes but it will be enough just a single nuke to wipeout Israel from a map. OK, may be two nukes!]]>
Thu, 24 Sep 2009 12:12:55 -0400
As for some brave idiots calling for US to use nukes at any occasion, I like to ask a question: there is no doubts we can wipeout North Korea or Pakistan but how many millions of American lives are we ready to sacrifice as a result of retaliations?

For instance, Israel may have 200 nukes but it will be enough just a single nuke to wipeout Israel from a map. OK, may be two nukes!]]>
Another State Goes Belly Up http://seekingalpha.com/instablog/399221-graham-and-dodd-investor/24291-another-state-goes-belly-up?source=feed#comment-688210 688210
> Michigan is back in this boat AGAIN. We were here in '06 too. Removed one year from back property taxes resulting in thousands of tax-forfeited homes in the state with NO employment...

NO systemic changes that will ever get us out of this union & welfare dug hole. None."

Well, Detroit autoworker union welfare paradise has lasted for a long time. Living in Dayton, Ohio, back in 1978, my apartment neighbor told me that he did not have to work since his GE union benefits would provide him with 90% of his wages for at least 5 years.

Since the problem did not start yesterday, it will take long and hard time to remedy nonsense that existed for at least the last 50 years. Unfortunately, there are no other ways around.

It is of increadible that Obama and the Congress are in total denial of the reality. It reminds me the French aristocracy just before the French Revolution. France survived but they did not!]]>
Wed, 23 Sep 2009 18:33:54 -0400
> Michigan is back in this boat AGAIN. We were here in '06 too. Removed one year from back property taxes resulting in thousands of tax-forfeited homes in the state with NO employment...

NO systemic changes that will ever get us out of this union & welfare dug hole. None."

Well, Detroit autoworker union welfare paradise has lasted for a long time. Living in Dayton, Ohio, back in 1978, my apartment neighbor told me that he did not have to work since his GE union benefits would provide him with 90% of his wages for at least 5 years.

Since the problem did not start yesterday, it will take long and hard time to remedy nonsense that existed for at least the last 50 years. Unfortunately, there are no other ways around.

It is of increadible that Obama and the Congress are in total denial of the reality. It reminds me the French aristocracy just before the French Revolution. France survived but they did not!]]>
CULT OF PERSONALITY http://seekingalpha.com/instablog/239719-james-quinn/28709-cult-of-personality?source=feed#comment-687766 687766
PS
Sorry, we have already secret prisons and a concentration camp in Guantanamo Bay. Well, it is just a start...]]>
Wed, 23 Sep 2009 12:24:33 -0400
PS
Sorry, we have already secret prisons and a concentration camp in Guantanamo Bay. Well, it is just a start...]]>
The latest lender offering no-money-down housing loans: the Department of Agriculture? But are these USDA prime loans? http://seekingalpha.com/news/market_currents/post/32955?source=feed#comment-686649 686649
They think they can get away with it. They are wrong.]]>
Tue, 22 Sep 2009 17:12:02 -0400
They think they can get away with it. They are wrong.]]>
A record 7.58% of all U.S. mortgages were at least 30 days late on payments in August, up from 7.32% in July, according to a Reuters study. Subprime delinquencies were an astonishing 41%, vs. 39% last month. The results "suggest U.S. homeowners remain under financial stress despite signs of improving sentiment and fundamentals in the U.S. housing market." http://seekingalpha.com/news/market_currents/post/32919?source=feed#comment-686216 686216 Tue, 22 Sep 2009 11:03:02 -0400 The Dollar: A Strong Buy http://seekingalpha.com/article/162370-the-dollar-a-strong-buy?source=feed#comment-686192 686192 Tue, 22 Sep 2009 10:52:59 -0400 A remarkable rise in Chinese imports means the global exporter may be running a current-account deficit by year-end. http://seekingalpha.com/news/market_currents/post/32917?source=feed#comment-686157 686157
It is NOT a good news for US$ and US economy.]]>
Tue, 22 Sep 2009 10:33:21 -0400
It is NOT a good news for US$ and US economy.]]>
IMF Gold Sales Vacuumed Up by Governments http://seekingalpha.com/article/162515-imf-gold-sales-vacuumed-up-by-governments?source=feed#comment-684918 684918
Taking into account red-hot Treasury printing presses, the US$ amount IMF will get is close to nothing.

Something smells fishy!]]>
Mon, 21 Sep 2009 11:21:47 -0400
Taking into account red-hot Treasury printing presses, the US$ amount IMF will get is close to nothing.

Something smells fishy!]]>
WHO IS THE RACIST? http://seekingalpha.com/instablog/239719-james-quinn/28245-who-is-the-racist?source=feed#comment-684523 684523
In this environment, decency, integrity and honesty are just irrelevant.

The only difference between American mass media and the former Soviet Union and Nazi Germany is that, fortunately for American people, they have other sources (like Internet) where they still can get factual information.

PS
As for names calling by Philadelphia Inquirer columnist, it is quite clear that Annette John-Hall is intellectually bankrupt and has nothing else left in her arsenal to substantiate her baseless insinuations. She is a dishonest demagogue trying to change the topic of conversations.]]>
Sun, 20 Sep 2009 23:12:22 -0400
In this environment, decency, integrity and honesty are just irrelevant.

The only difference between American mass media and the former Soviet Union and Nazi Germany is that, fortunately for American people, they have other sources (like Internet) where they still can get factual information.

PS
As for names calling by Philadelphia Inquirer columnist, it is quite clear that Annette John-Hall is intellectually bankrupt and has nothing else left in her arsenal to substantiate her baseless insinuations. She is a dishonest demagogue trying to change the topic of conversations.]]>
'First-Time Homebuyer' Credit May Cost Government up to $96,000 Per Home http://seekingalpha.com/article/162375-first-time-homebuyer-credit-may-cost-government-up-to-96-000-per-home?source=feed#comment-684495 684495 "All signs are that the dam is about to be swept away by a big flood. These signs are being ignored. Citizens, living in the city below, are not being evacuated. Instead of using concrete to repair the dam, policy-makers talk nonsense about so-called "green shoots", and support this nonsense with false economic numbers created by wasteful government spending programs like "Cash for Clunkers", "First Time Homebuyer Credits", and "Rebates for Refrigerators".

Because policy makers refuse to do the necessary repair work properly, for fear of offending their friends who have stolen the concrete, the dam is going to break."

This is a very good and accurate comparison.

PS
We have crossed a threshold when US can ever pay back its debts. The "dam" is beyond a repair. It is just a matter of time before a catastrophe happens.]]>
Sun, 20 Sep 2009 22:09:44 -0400 "All signs are that the dam is about to be swept away by a big flood. These signs are being ignored. Citizens, living in the city below, are not being evacuated. Instead of using concrete to repair the dam, policy-makers talk nonsense about so-called "green shoots", and support this nonsense with false economic numbers created by wasteful government spending programs like "Cash for Clunkers", "First Time Homebuyer Credits", and "Rebates for Refrigerators".

Because policy makers refuse to do the necessary repair work properly, for fear of offending their friends who have stolen the concrete, the dam is going to break."

This is a very good and accurate comparison.

PS
We have crossed a threshold when US can ever pay back its debts. The "dam" is beyond a repair. It is just a matter of time before a catastrophe happens.]]>
Volcker: Casino Activities Up, Lending Down http://seekingalpha.com/instablog/317799-cautiousinvestor/28193-volcker-casino-activities-up-lending-down?source=feed#comment-684179 684179
Politicians never sereously discussed any changes or reforms. It is understandable since they are a part of the problem, and they are quite happy with the present status.

As for Mr. Volcker, he understands very well that the system is broke and a continuation of the present status quo is letal to the US economy.]]>
Sun, 20 Sep 2009 16:34:56 -0400
Politicians never sereously discussed any changes or reforms. It is understandable since they are a part of the problem, and they are quite happy with the present status.

As for Mr. Volcker, he understands very well that the system is broke and a continuation of the present status quo is letal to the US economy.]]>
Foreign Investors FLEE from U.S. debt http://seekingalpha.com/instablog/407380-jeff-nielson/28045-foreign-investors-flee-from-u-s-debt?source=feed#comment-683548 683548
Note that US Treasury stop insuring/guaranteeing mutual funds trying to redirect US internal money into Treasuries obligations.]]>
Sat, 19 Sep 2009 12:59:36 -0400
Note that US Treasury stop insuring/guaranteeing mutual funds trying to redirect US internal money into Treasuries obligations.]]>
According to a study published yesterday, one American dies every 12 minutes due to the lack of health insurance. http://seekingalpha.com/news/market_currents/post/32716?source=feed#comment-682858 682858 "The US Constitution and the state Constitutions don't mention cars, plains, trains, tvs, radios, banks, highways systems and thousands of other things."

Niner is either a demagogue and/or has a very sick mind. You are an uneasy case but let me try to help (I know my chances are not too good).

Why?
Because the Constitution is all about
- Protecting freedom of US citizens: freedom of free speech, freedom of a political affiliation, freedom from its own intrusive government, etc.,
- Having its citizens an equality under the Law (note it has nothing to do with an equality of a legal team available to individual citizens)

Note that the US Constitution has only bearing exclusively inside the US boundary.

Consequently, The US Constitution and the state Constitutions has nothing to do with every citizen rights to have or not to have:
- A car, a sailboat, a private jet, and any other possible transportation means
- A radio, TV, computer, etc.,
- A 40-room mansion with 50 servants
- Diamonds and expensive jewelries
- Right to dine in very expensive restaurants with very expensive wine or even starve to death
- Rights to health insurance
- And the list is going on and on...

Does it help?]]>
Fri, 18 Sep 2009 15:37:12 -0400 "The US Constitution and the state Constitutions don't mention cars, plains, trains, tvs, radios, banks, highways systems and thousands of other things."

Niner is either a demagogue and/or has a very sick mind. You are an uneasy case but let me try to help (I know my chances are not too good).

Why?
Because the Constitution is all about
- Protecting freedom of US citizens: freedom of free speech, freedom of a political affiliation, freedom from its own intrusive government, etc.,
- Having its citizens an equality under the Law (note it has nothing to do with an equality of a legal team available to individual citizens)

Note that the US Constitution has only bearing exclusively inside the US boundary.

Consequently, The US Constitution and the state Constitutions has nothing to do with every citizen rights to have or not to have:
- A car, a sailboat, a private jet, and any other possible transportation means
- A radio, TV, computer, etc.,
- A 40-room mansion with 50 servants
- Diamonds and expensive jewelries
- Right to dine in very expensive restaurants with very expensive wine or even starve to death
- Rights to health insurance
- And the list is going on and on...

Does it help?]]>
Seeking Alpha contributor and YouTube star Peter Schiff formally launches his campaign to unseat Chris Dodd as Connecticut senator. In our live discussion on the dollar this summer, Schiff took some strong positions about the (un)reliability of Fed figures. http://seekingalpha.com/news/market_currents/post/32696?source=feed#comment-681859 681859
How can we help/contribute?]]>
Thu, 17 Sep 2009 21:42:49 -0400
How can we help/contribute?]]>