OldNavySailor

Wall Street Breakfast: Must-Know News

I second my fellow Alpha Mate's request. We used to receive one email with all the articles we were interested in reading/commenting. The new process is too cumbersome and unwieldy.


On Jul 07 10:21 AM axelrod608 wrote:

> PLEASE return to the old format listing SA articles.

The Misuse of Language in the Financial World

Let us not forget the media propaganda transformation of "toxic" assets into "legacy" assets. Now it doesn't sound so bad.

Wall Street Breakfast: Must-Know News

These insolvent financial institutions are a gangrene on the health of the economic body. Any competent surgeon knows the only recourse is to cut our the poison less the entire body will die.

The Illicit Relationship Between Goldman Sachs and Paulson

These actions by corrupt elitist money lenders is a run on the wealth of the American people. They kill our youth by luring them into fighting imperialistic wars for corporate profit. They make the acquisition of higher education more and more difficult by indenturing the yoke of extreme debt around the necks of those who desire to lift themselves out of financial malaise. They dishonor our veterans by denying them the medical care they deserve and desperately need.

We no longer have a government of the people, by the people, for the people as Abraham Lincoln once said. We have fasio-socialism, a syndicate of elected representatives who are pimps for corporate agendas.

They tax us at every opportunity, whether living or dead. They impose fees, surcharges, tolls, emoluments, tributes, encumbrances; a squeeze on every last bit of our prosperity.

This is not the government of our fore-fathers. This is in your face, nothing you can do about it acts of crime against every American citizen.

It will not end until we stand together in some manner to eradicate them. Unfortunately the majority of adults in our country have not the awareness nor the inclination to revolt against these despots; these tyrannically debt enslaving evil, evil men.

What will it take to regain our freedom; what will take for a rebellion?

Wall Street Breakfast: Must-Know News

It's my limited understanding that credit (loans to industry/citizens) will shrink to unsustainable levels for the economy if the Congress doesn't fund the Paulson/Bernanke tag team proposal. Major lenders/investors will go bankrupt and their assets sold off to the private sector. Is this correct so far?

Now, I believe the US treasury will still have the capacity to print inflated fiat dollars, unlike the depression of the '30's which limited the printing due to the gold standard. So inflation will rise, but money will still be available to the rest of the lenders who are not part of the problem. That means regional banks as an example, through their state charters potentially could receive federal treasury loans to offer to industry/citizens.

I am suggesting all is not loss for the world economy due to a credit 'freeze', but only that high profile financial companies will suffer the consequences of their own actions.

I would like to explore this scenario, if only to educated myself as to other options the Congress could consider instead of trusting what the former CEO of Goldman Sachs is saying.

Is the U.S. Banking System Safe?

Move your money into a credit union that is a member of NCUA (National Credit Union Administration). It's safer than a commercial/investment bank and is insured (see: www.ncua.gov/AboutNCUA...). Each member has to provide a quarterly report of financial condition called a 5300 report. You can finds a credit union and view its report on the Web (see: www.ncua.gov/indexdata...).