Rolandownthehill

The Max Kieser / Tyler Durden Interview

Thanks Max. To bad we don't have more real financial reporters like you in the US.

Controlling vs. Collateralizing Risk

I keep reading these kind of articles. But ask again, why continue to support the Ponzi scheme?

Should the Fed Be Fat or Skinny?

Why continue to support the Ponzi scheme?

U.S. Housing Nearing Bottom, But Foreclosures Worrying

From the New york Times!
Lucrative Fees May Deter Efforts to Alter Loans
www.nytimes.com/2009/0...

U.S. Housing Nearing Bottom, But Foreclosures Worrying

Problem is the banks are just to greedy and won't modify the loans so people can live with the real wages they earn. There are masses of homes that haven't sold and and more that haven't foreclosed yet. I suggest everyone read, "Jeff Nielson" The Truth about U>S> housing numbers. I can't believe how rotten the whole system really is! And the commercial real estate hasn't even begun to show how bad it's going to get. Not to mention, unemployment is still going on big-time. I think the real bottom is years away. Wonder how many Americans will have wages that can afford a house anymore with the new cap and trade and health care bill. Taxes are predicted to increase from 50 to 80 percent. Who can afford a house here, let alone be able to live. How can the economy recover when were headed down the road, with the same policies of the Roosevelt era?

The Truth About U.S. Housing Numbers

I for one am appalled! I am getting foreclosed on even thou I am employed. Because the bankers are just to greedy. An then I have to read this? Unbelievable!
There are thousands of houses also empty with no buyers. The banks are holding on to them until the market changes. But no help for millions being foreclosed on!

Buffett's Worrisome Economic Indicator: Railcar Loadings Continue to Decline

Can't help but wonder when the American people will find that we are no longer "America", but on the verge of a new banana republic.
Audit the FED......

Foreclosures Getting Out of Control

As a person who is facing foreclosure himself, I can tell you it is going to get so much worse then you can imagine. First the banks are not modifying loans. I know of folks trying to negotiate modifications and the banks just aren't doing it. You have the problem of house way under water and the Obama plan doesn't cover them. Next, you have banks that aren't helping period, but throwing anchors instead of life rafts.
Next, the commercial bubble is coming fast. Sub-prime may be bottoming, but alt A's are just now going threw the system. Even those that are working have had reduction in hours and or pay. The banking investors are just plain unrealistic! Greed kills and absolute greed absolutely kills!
I don't see real estate bottoming out for many years to come, let alone getting ones value back could take 5 to ten years. This is a crises that is a depression. What is happening is just part of the overall meltdown. You need to see the larger picture. The dollar is ready to collapse. Martial law may become the norm, as everything from multiple states and government programs are about to be broke. Watch out for your pensions, 401k's, currency. America is broke and the world knows it. Wonder when our own country will figure it out?

To Bail or Not to Bail? - Fast Money Recap (9/29/08)

The best argument yet!
mises.org/story/3132

To Bail or Not to Bail? - Fast Money Recap (9/29/08)

It's all a lie. Listen to Ron Paul; the money, some 600 billion has already been printed up, without the bailout. The bailout is for the rich! See the truth.
ca.youtube.com/watch?v...

Ban on Short Selling Could Have Negative Consequences for Options Market

Won't the shorts just move elsewhere than the financials? I wonder where.

Boeing Braces for Potentially Long Workers' Strike

It's obvious you have never worked at Boeing.
You seem to be the ignorant one. I have learned to speak from only my experience, as this is the one that counts.
For one thing; we are specialists. We work in an industry that has highly specialized work and skills. You can't just walk into another company and sell them your skills.
Thats the biggest problem. It takes years to learn what we know and years to achieve the level of expertise. You can't compare this to the auto industry; housing; mining; or most other companies.
So until you've lived it; I would try and learn more before you speak again.

Boeing Braces for Potentially Long Workers' Strike

What people and investors forget; it's not that we are greedy or obsessed about money. More to the point it's about take aways and falling threw the middle class cracks as inflation eats up any gains we make. I urge everyone to start learning about the national debt and fiat money that grows year after year. About the 7 trillion in Social security; and 34 trillion in Medicare. Not to mention trillions going to bail out bankers and putting the debt onto the tax payer. Your childrens future. About the north American trade union and the new currency; the amero.
About the constitution as we know it and the bill of rights that will disappear once the North American union goes into effect. Why do you think the borders can't be closed. Why do you think we fight wars for oil. Start using your brain and watching less TV.

The Test of Wills at Boeing

I started off by replying to one poster and found myself looking deeper into the state of affairs. Not to forget to mention that,it doesn't take a genius to outsource jobs. Nor does it take an MBA. Those who live in the real world; understand how the game is played. So is Boeing surprised by the union's backbone, or was it planned all along?
In business, it's screw your competitor; employee; government; customer; your fellow employee. all to get you more money for that bigger payout. Now the company wants to deny union workers a just increase in pay or benefits, because that is the way to get higher pay for your exec's. Im sure Mcnerney had big checks for all exec's if the negotiating team had pulled this one off.
Why is the union striking; is it just about money? No, even thou the press can't seem to get past the front end numbers.
I can only speak for me; but my view is that we are striking not just for pay, but for the obscene amounts of disparity between Boeing workers and exec's. Union pension is 72 dollars a year; exec's is 400 a year. Top exec's is 4000 a year!
We all know that Boeing can't go back all the way and reverse outsourcing; it can do some, but not all. Airbus is outsourcing to.
China, may become the next big competitor. Didn't help with Boeing showing them how to build airplanes thou.
What is it that the average union member wants; job security improvements: jobs for future employees; Better retirement; a fair wage for trying to live the middle class dream. Most people understand higher costs to consumers; bad money management from our government; peak oil - hell peak everything! Were a nation that has prospered in good times and want
them to continue. The question is "can we?" Energy crises; food crises; benefit crises; corruption crises! Political leadership is gone; corrupted by big banks; the IMF and corporate drive to make wall street happy. But wall street is corrupt also; you have a better chance of winning in Vegas! Social security is 7 trillion in debt! Medicare is 34 trillion in debt! Derivatives are 100 trillion in paper (worthless paper?). Were not on the gold standard anymore; we have fees coming at us from all directions. Our rights have become privileges?
I could go on and on; but some would just label me a conspiracy nut; so I will let you find how the dots connect.
So, is it any wonder that were scared! Is the American way of life over? Can we wake up and stop blaming everyone else and look into the mirror and find, that we are the problem; that we are the solution! I sometimes wonder why Boeing and the union
are always at odds. Is it just a respect issue? Not seeing the other, as a useful component to the entire body, our symbol in the sky? Perhaps it's time to look at each other as a team and not as an adversary. But this would take a leap of faith and many
working at this company can't see anything but the past to condemn each other. With so much suspicion in the wings, it's hard to make a move first, in a direction other than one up man-ship or a sign of weakness.
I think the first place to start, is a state of being in the right mind to listen; not just the word itself - but the meaning behind it.
If we cannot change our way of doing, our so called business; then we are doomed to like Russia before us; in total collapse of our way of life and the future as we know it. There is to much at stake here, to just stand in the way of progress. I could tell
you it's the two party system; or the capitalistic system we live under. But alas, I think it's the state of man; his fear of the
unknown. But like a favorite episode of Star Trek, when the majority was afraid of the minority metamorphosing and what impact that would have on the other group, if the minority metamorphosis into something different; leading the majority to find it's self changing it's very nature. Would fear cause that potential nature to run for it's life or destroy itself. Would the nature of man metamorphosize into what he was meant to be all along?
One machinist view of many years in the trenches.....