mrpitchfork

Chance of a Depression Now 5 Percent

The collapse of the American economy will most likely suck all the other economies in the world that are attached to it down with it. If that happened, I wouldn't be surprised if that wouldn't be an excuse to usher in the new world order under the claim that it will fix everything..

Why Is Oil Going Up?

It would make sense if the laws of supply and demand surrounded with by a true free market are in play here but the truth be known that manipulation is in play here and that a bubble is being formed... again... The only guy suffering here is the guy that can't afford $3-$4 a gallon gas.. I for one want my fuel cell car now.. not 10-20 yrs from now..

Falling Dollar: Finally Front-Page News

I think its already here.. making around 70-80k a year really isn't a lot of money if you have a family. Even with that kind of money people can't really save money because it costs so much to live now. For them to save anything, your cars can't break done or your house can't ever need repairs, etc. Everything has to be perfect and last forever. If anything goes out of that median then fixing it costs a fortune and cleans you out. To just live and save anything right now requires, in my opinion, a more modest income making at least 100k a year otherwise you pretty much live on paycheck to paycheck. I don't know how anyone can live on minimum wage. I remember when gas was 16 cents a gallon and penny candy was a penny. Our money has taken a really big hit thanks to the Federal Reserve. It's time they went out of business.


On Oct 08 12:47 PM User 353732 wrote:

> The dollar is falling because it is no longer real money but fiat
> scrip.
> This scrip serves the interests of the entrenched ruling class in
> 2 ways
> 1. It allows them to effortlessly bribe the lower class with money
> illusion: increasing nominal transfer payments that have steadily
> decreasing purchasing power. The lower class focuses on the nominal
> transfers and does not comprehend that the material quality of life
> depends on real purchasing power, not scrip. An expanding lower class,
> caused by increased unemployment/underempl... does not trouble the
> upper class which can simply issue more scrip to enlarge the fraudulent
> bribe.
> 2. It allows them to inflate the price of financial assets and selected
> commodities which increases their net worth, since a majority of
> financial and commodity assets are, directly or indirectly, owned
> and controlled by a very small fraction of households. When vast
> liquidity is selectively and deliberately concentrated on a few
> asset classes, these assets will inflate. At the same time, coerced
> liquidity starvation for the remaining asset classes will cause these
> assets to deflate in value: hence simultaneous inflation and deflation.
>
> Assets and organizations that hugely benefit the net worth and income
> of the tiny upper class are inflated. Assets and organizations that
> comprise the primary wealth and jobs base of the middle class are
> deflated. Bigger bonuses for the bosses; income and wage reductions
> for the middle class.
>
> The debasing dollar primarily damages the middle class, which will
> experience a steady increase in the cost of essential goods and services
> while experiencing a notable decline in its aggregate, after tax,
> discretionary income and its tangible net worth. This will occur
> even as Wash DC and Wall St claim there is "no inflation". There
> is ,for the Middle Class, as the exchange rate of the scrip declines
> versus the material goods and services needed to sustain a middle
> class life. As the dollar declines so declines the middle class in
> terms of both its real material quality of life and its total share
> of US households: a smaller, poorer middle class.
>
> The upper class has made and is making a vastly profitable and massively
> criminal trade: use the dollar to sacrifice the middle class and
> America's global stature, bribe the lower class and aggrandize and
> enrich the upper class. This trade is increasingly transparent to
> the rest of the world. It is the ordinary American who cannot or
> will not see it.

How PHEVs and EVs Will Sabotage America's Drive for Energy Independence

One auto maker that you just don't hear about is Tesla Motors. They've created an all electric sports car that goes 0-60 in 3.9 secs and has a range of around 240 miles on a single charge and a 100,000 mile warranty on the battery. They have other models that have up to a 300 mile range. They're going to start selling them in 2012. Sooner or later someone is going to use solar energy to recharge these things making it totally green. It's just a matter of time in my opinion.. we just need to keep the government out of it..

Why This Rally Will Continue

Oh yay! Then we'll return to $4.50 a gallon gas and home energy bills will rise and Obama will tax the sh!t out of all of us! Life is good...

If Goldman Sachs' Secret Sauce Is Compromised, What Happens Now?

yeah, but its all based on a fiat monetary system that's going to crash to earth one day..


On Jul 06 08:05 AM Light House wrote:

> From Lighthouse;
> Mike, Your G$, short is probably good for the very short term,but
> their 2cd, qtr.numbers are going to be phenomenal.If it gets into
> the 120's again I will be going long for very long.These folks are
> very organized and talented.If you can't beat them join them. I believe
> them to be the best for the job for unleveraging and and re liquefying
> this debt with the least suffering in the long run.There are far
> to many components to this global crisis and you can't make Econ
> #101 , the solution. Most of K.Denninger's 25 could and should come
> true but over time not all at once. I believe we will be just fine
> in the long run, but it will not be "business as usual". Save, pay
> down debt,
> invest in high Q,5-10 year Corp. bonds,work smart,enjoy family and
> friends, and don't gamble. Simple, uncomplicated, and hard to do...
>
> lh
>
> On Jul 06 07:16 AM Michael Young wrote:

There Won't Be a Recovery

A fool and his money are soon parted..

Socialism doesn't work.. Ask England. I believe they are coming to the end of their "socialism".. Also, let's hear you say that once cap and trade gets passed and you start paying an extra $3,000 a yr for electricity for you home..


On May 17 09:33 AM No one wrote:

> Right. Much better we should have done nothing, gone through a 24
> year depression while those in the know get richer. Not this time...
> If it has to be Socialism, sobeit.

Has 'The Trampoline Effect' Come to an End?

Why isn't there anyone trying to prosecute these dirtbags that caused this economic melt down? Why do we keep letting the Federal Reserve get away with their shenanigans?

Gas Prices Will Go Up with a Fury

Oil needs to go to the all time low of "free" as far as I'm concerned. It's time we got off of oil. High energy costs will do nothing but hurt the economy. After 100 yrs of automobiles, you would think that the industry would have learned something about fuel economy and we would have cars/trucks getting 100+ mpg. It amazes me how we can send a frickin' probe to Mars AND control it from earth, but for some unknown reason we can't make a car get 100 mpg. I think the real reason is that the oil companies and automobile makers are in bed with each other. The ex CEO of Shell said that America alone has enough oil to last us another 250 yrs but you dont hear about that in the news. Instead we get the ol' "Oh we're running out of oil... and the price of gas has hit a new all time high..blah blah blah.." The truth is, it's all about money and the extortionist ways of getting it out of the consumer who DOESN'T have an alternative choice for driving a gasoline engine vehicle.. The extortion has to stop..

Prophet Bernanke Plans for Inflation

The only certainty in life is death. If you literally don't have anything to lose, then the coming collapse won't be so bad on you. I think we can all state that centralized banking with a fiat monetary policy doesn't really work and is doomed to failure and has been proven over and over again throughout history. What will it take for everyone to realize this and do the necessary things to correct this problem?

'Helicopter Ben' Was Prophetic in 2002

What most people don't realize is that the Federal Reserve is a PRIVATE organization that created this whole mess in the first place. They're the ones that cause inflation and deflation. Our economy will always be this way as long as the Federal Reserve calls the shots. They are the ones buying up America. WE THE PEOPLE are the only ones that can stop these thieves.

I.O.U.S.A. Movie Is Well-Done and Informative

Hey milkchaser, Taxing the hell out of everyone including the poor isn't the answer. Shrinking the government and eliminating the federal income tax is. America did just fine before the federal income tax and the federal reserve. There are other ways to have operating expenses for the fed. government than by taxing the people..

Inflation Rises to 5.6%, the Highest in 17 Years

The real inflation rate is closer to 17% over last year.. I'm sick and tired of being lied to by the government. The whole system needs all the viruses removed, all spyware deleted and then rebooted.. maybe a whole system reinstall may help...

Dollar's Up, Oil Is Down: But Why?

Maybe we should start burning those dollars coming home this winter to stay warm... that would definitely have an effect on inflation. I mean after all, its just paper...

The Housing Bill: One Step Closer to the United States of Zimbabwe?

You know, maybe the Fed. Reserve/Fed. Government/ Rockefeller is trying to crash the dollar on purpose. In Peter Schiff's book "Crash Proof: How to Profit From the Coming Economic Collapse", he mentions that if the dollar did crash, the most attractive currency to have would be the Euro. Maybe that's what's going on here. They're trying to crash the dollar so that we go to a global currency much like the Euro. Can you say Amero?

Maybe its time to storm the castle...