ringoes_man

http://www.myspace.com/ringoes_man

3 Comments

    • Bear Market? Numbers Don't Add Up [view article]
      This is a pre-depression market.

      First of all, balance sheets have become exercises in obfuscation. Not long ago AIG and BoA had basically the same balance sheet. One went broke the other is still fooling us. So forget your financial numbers they are meaningless.

      The underlying cause to the coming crash is that the consumer (2/3 of our economy) is broke. Wages have been flat for 7 years. Jobs have disappeared overseas. Borrowing against equity and credit cards only got us so far and now its time to pay the piper.

      You simply cannot have a just service (non-manufacturing) economy; which is what he now have. Service jobs exist to service manufacturing jobs. Without a manufacturing base any economy will fail. (ok with the exception of the SWISS)

      We need American jobs for American consumers -FIRST!

      The solution to this crisis is a 5-15% tariff on all imports. Only with such a penalty, will companies manufacture products in America using American Labor. Only then will EXXON drill in America rather than overseas where labor is 60 cents a day. We also need legislation to limit adjustable mortgages to .5-1.0% per year. NO ONE can adjust to a 2-10X jump in their monthly mortgage payments.

      I am fully expecting a depression and pulled out of the market in January. My problem is figuring out where to put the money to protect it from the coming inflation storm as my government puts the dollar bill printing presses into high gear!

      Ideas anyone?       Sep 26 03:12 PM
    • Short Sales: SEC Turns Back the Clock to 1931 [view article]
      Let me get this straight; I pay my broker to buy, hold and eventually sell my stock (street thingy) and meanwhile he is short selling my shares and others in huge quantities in order to manipulate the price to my disadvantage?

      How is this legal? How did I give my broker the right to 'lend/sell' my shares?       Jul 21 06:21 PM
    • All of the Motor-Fuel Alternatives to Conventional Crude Oil Stink [view article]
      Not exactly...

      Solar energy is viable. While it's true that the sun doesn't shine all the time in a given spot, it does shine somewhere all the time. Also, most of the demand for electric energy is in the day time, when we are at work. Solar, daytime electric energy would reduce our need for carbon electric energy to the nighttime only; less than 1/3.

      Geo-Thermal energy is everywhere. Dig a hole 4 feet deep and the temperature is a constant 50-55 degrees. Dig a hole a few hundred feet deep and the temperature is even higher. Five miles or more down and we are talking thousands of degrees. Pump water down there and up from there in an insulated pipe and you have free steam. Better yet, stick the steam driven electric turbine down there and just pump out the electricity.

      Of course with all of these solutions there is an incredible up-front investment hurdle.

      But, in just the past six years alone we spent $3Trillion to secure oil in Iraq and the Middle East. Had we spent that money at home, we could have placed solar panels on every roof in America, a bunch more in Death Valley, and bought every American household (80M households) an electric 'commuter' car.

      So the problem is not technological, and it's not financial, it's political will.

      www.myspace.com/ringoe...
      Jun 26 07:08 PM
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