ashizashiz's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/278199/comments http://seekingalpha.com/article/100688-are-big-banks-too-big-to-fail?source=feed#comment-287011 287011
A Jedi's strength flows from the Force. But beware the Dark Side. Anger, fear, and aggression; the Dark Side of the Force are they. Easily they flow, quick to join you in a fight.

Mr Bernanke said today: “With the economy likely to be weak for several quarters and with some risk of a protracted slowdown, consideration of a fiscal package by Congress at this juncture seems appropriate.” He added: "If the Congress proceeds with a fiscal package, it should consider including measures to help improve access to credit by consumers, home buyers, businesses and other borrowers. Such actions might be particularly effective at promoting economic growth and job creation...”

"Access to Credit!!!" Unba-fucking-real. These guys have absolutely no shame, not a moral or ethical cell in their malignant souls.


Give the stupid, ignorant mass of poor slobs money so that they'll feel OK about getting into MORE debt; give 'em that false sense of wealth---like the one "W" gave 'em with the $600 'stimulus' checks---so that they feel OK about getting 3 new credit cards and running up $7500 in debt and paying the minimum payment each month of $50 while NEVER, EVER getting close to getting out of debt. Debt servitude, for all of your days. Pay the man and make him rich.

Look folks, this has gotta stop. We cannot exist forever as the meat for the financial industries sausage grinder. There are many ways to get out from under this pile of shit, but one very straightforward method comes to mind first: stop playing.

Stop borrowing money from corrupt banks and stop paying money to a corrupt government. Don't pay your taxes, don't take out new mortgages, don't patronize the institutions that prop up this system. Live smaller---live in and for your community. Grow vegetables, trade with neighbors, share resources. Don't buy cool things anymore---you don't need them. One small TV is just fine...in fact, my wife and kids and I have chosen not to have TV in our home. We listen to the radio and occasionally watch M*A*S*H on an old DVD player. Don't buy into the need to buy into happiness. Ride a bike to work.

The Empire cannot make us go to THE DARK SIDE. We have a choice. The Dark Side exists on greed and excess and hubris. If we can learn how to live small, the forces of Evil will fall. They can only exist if we subsidize their existence. I say, no more!
Here is a great video about THIS VERY TOPIC:

video.google.com/video...]]> Tue, 21 Oct 2008 10:07:23 -0400
A Jedi's strength flows from the Force. But beware the Dark Side. Anger, fear, and aggression; the Dark Side of the Force are they. Easily they flow, quick to join you in a fight.

Mr Bernanke said today: “With the economy likely to be weak for several quarters and with some risk of a protracted slowdown, consideration of a fiscal package by Congress at this juncture seems appropriate.” He added: "If the Congress proceeds with a fiscal package, it should consider including measures to help improve access to credit by consumers, home buyers, businesses and other borrowers. Such actions might be particularly effective at promoting economic growth and job creation...”

"Access to Credit!!!" Unba-fucking-real. These guys have absolutely no shame, not a moral or ethical cell in their malignant souls.


Give the stupid, ignorant mass of poor slobs money so that they'll feel OK about getting into MORE debt; give 'em that false sense of wealth---like the one "W" gave 'em with the $600 'stimulus' checks---so that they feel OK about getting 3 new credit cards and running up $7500 in debt and paying the minimum payment each month of $50 while NEVER, EVER getting close to getting out of debt. Debt servitude, for all of your days. Pay the man and make him rich.

Look folks, this has gotta stop. We cannot exist forever as the meat for the financial industries sausage grinder. There are many ways to get out from under this pile of shit, but one very straightforward method comes to mind first: stop playing.

Stop borrowing money from corrupt banks and stop paying money to a corrupt government. Don't pay your taxes, don't take out new mortgages, don't patronize the institutions that prop up this system. Live smaller---live in and for your community. Grow vegetables, trade with neighbors, share resources. Don't buy cool things anymore---you don't need them. One small TV is just fine...in fact, my wife and kids and I have chosen not to have TV in our home. We listen to the radio and occasionally watch M*A*S*H on an old DVD player. Don't buy into the need to buy into happiness. Ride a bike to work.

The Empire cannot make us go to THE DARK SIDE. We have a choice. The Dark Side exists on greed and excess and hubris. If we can learn how to live small, the forces of Evil will fall. They can only exist if we subsidize their existence. I say, no more!
Here is a great video about THIS VERY TOPIC:

video.google.com/video...]]> http://seekingalpha.com/article/100799-bubble-logic?source=feed#comment-287010 287010
A Jedi's strength flows from the Force. But beware the Dark Side. Anger, fear, and aggression; the Dark Side of the Force are they. Easily they flow, quick to join you in a fight.

Mr Bernanke said today: “With the economy likely to be weak for several quarters and with some risk of a protracted slowdown, consideration of a fiscal package by Congress at this juncture seems appropriate.” He added: "If the Congress proceeds with a fiscal package, it should consider including measures to help improve access to credit by consumers, home buyers, businesses and other borrowers. Such actions might be particularly effective at promoting economic growth and job creation...”

"Access to Credit!!!" Unba-fucking-real. These guys have absolutely no shame, not a moral or ethical cell in their malignant souls.


Give the stupid, ignorant mass of poor slobs money so that they'll feel OK about getting into MORE debt; give 'em that false sense of wealth---like the one "W" gave 'em with the $600 'stimulus' checks---so that they feel OK about getting 3 new credit cards and running up $7500 in debt and paying the minimum payment each month of $50 while NEVER, EVER getting close to getting out of debt. Debt servitude, for all of your days. Pay the man and make him rich.

Look folks, this has gotta stop. We cannot exist forever as the meat for the financial industries sausage grinder. There are many ways to get out from under this pile of shit, but one very straightforward method comes to mind first: stop playing.

Stop borrowing money from corrupt banks and stop paying money to a corrupt government. Don't pay your taxes, don't take out new mortgages, don't patronize the institutions that prop up this system. Live smaller---live in and for your community. Grow vegetables, trade with neighbors, share resources. Don't buy cool things anymore---you don't need them. One small TV is just fine...in fact, my wife and kids and I have chosen not to have TV in our home. We listen to the radio and occasionally watch M*A*S*H on an old DVD player. Don't buy into the need to buy into happiness. Ride a bike to work.

The Empire cannot make us go to THE DARK SIDE. We have a choice. The Dark Side exists on greed and excess and hubris. If we can learn how to live small, the forces of Evil will fall. They can only exist if we subsidize their existence. I say, no more!
Here is a great video about THIS VERY TOPIC:

video.google.com/video...]]> Tue, 21 Oct 2008 10:07:11 -0400
A Jedi's strength flows from the Force. But beware the Dark Side. Anger, fear, and aggression; the Dark Side of the Force are they. Easily they flow, quick to join you in a fight.

Mr Bernanke said today: “With the economy likely to be weak for several quarters and with some risk of a protracted slowdown, consideration of a fiscal package by Congress at this juncture seems appropriate.” He added: "If the Congress proceeds with a fiscal package, it should consider including measures to help improve access to credit by consumers, home buyers, businesses and other borrowers. Such actions might be particularly effective at promoting economic growth and job creation...”

"Access to Credit!!!" Unba-fucking-real. These guys have absolutely no shame, not a moral or ethical cell in their malignant souls.


Give the stupid, ignorant mass of poor slobs money so that they'll feel OK about getting into MORE debt; give 'em that false sense of wealth---like the one "W" gave 'em with the $600 'stimulus' checks---so that they feel OK about getting 3 new credit cards and running up $7500 in debt and paying the minimum payment each month of $50 while NEVER, EVER getting close to getting out of debt. Debt servitude, for all of your days. Pay the man and make him rich.

Look folks, this has gotta stop. We cannot exist forever as the meat for the financial industries sausage grinder. There are many ways to get out from under this pile of shit, but one very straightforward method comes to mind first: stop playing.

Stop borrowing money from corrupt banks and stop paying money to a corrupt government. Don't pay your taxes, don't take out new mortgages, don't patronize the institutions that prop up this system. Live smaller---live in and for your community. Grow vegetables, trade with neighbors, share resources. Don't buy cool things anymore---you don't need them. One small TV is just fine...in fact, my wife and kids and I have chosen not to have TV in our home. We listen to the radio and occasionally watch M*A*S*H on an old DVD player. Don't buy into the need to buy into happiness. Ride a bike to work.

The Empire cannot make us go to THE DARK SIDE. We have a choice. The Dark Side exists on greed and excess and hubris. If we can learn how to live small, the forces of Evil will fall. They can only exist if we subsidize their existence. I say, no more!
Here is a great video about THIS VERY TOPIC:

video.google.com/video...]]> http://seekingalpha.com/article/100788-who-should-be-the-u-s-a-chief-technology-officer?source=feed#comment-287002 287002
A Jedi's strength flows from the Force. But beware the Dark Side. Anger, fear, and aggression; the Dark Side of the Force are they. Easily they flow, quick to join you in a fight.

Mr Bernanke said today: “With the economy likely to be weak for several quarters and with some risk of a protracted slowdown, consideration of a fiscal package by Congress at this juncture seems appropriate.” He added: "If the Congress proceeds with a fiscal package, it should consider including measures to help improve access to credit by consumers, home buyers, businesses and other borrowers. Such actions might be particularly effective at promoting economic growth and job creation...”

"Access to Credit!!!" Unba-fucking-real. These guys have absolutely no shame, not a moral or ethical cell in their malignant souls.


Give the stupid, ignorant mass of poor slobs money so that they'll feel OK about getting into MORE debt; give 'em that false sense of wealth---like the one "W" gave 'em with the $600 'stimulus' checks---so that they feel OK about getting 3 new credit cards and running up $7500 in debt and paying the minimum payment each month of $50 while NEVER, EVER getting close to getting out of debt. Debt servitude, for all of your days. Pay the man and make him rich.

Look folks, this has gotta stop. We cannot exist forever as the meat for the financial industries sausage grinder. There are many ways to get out from under this pile of shit, but one very straightforward method comes to mind first: stop playing.

Stop borrowing money from corrupt banks and stop paying money to a corrupt government. Don't pay your taxes, don't take out new mortgages, don't patronize the institutions that prop up this system. Live smaller---live in and for your community. Grow vegetables, trade with neighbors, share resources. Don't buy cool things anymore---you don't need them. One small TV is just fine...in fact, my wife and kids and I have chosen not to have TV in our home. We listen to the radio and occasionally watch M*A*S*H on an old DVD player. Don't buy into the need to buy into happiness. Ride a bike to work.

The Empire cannot make us go to THE DARK SIDE. We have a choice. The Dark Side exists on greed and excess and hubris. If we can learn how to live small, the forces of Evil will fall. They can only exist if we subsidize their existence. I say, no more!
Here is a great video about THIS VERY TOPIC:

video.google.com/video...]]> Tue, 21 Oct 2008 10:05:59 -0400
A Jedi's strength flows from the Force. But beware the Dark Side. Anger, fear, and aggression; the Dark Side of the Force are they. Easily they flow, quick to join you in a fight.

Mr Bernanke said today: “With the economy likely to be weak for several quarters and with some risk of a protracted slowdown, consideration of a fiscal package by Congress at this juncture seems appropriate.” He added: "If the Congress proceeds with a fiscal package, it should consider including measures to help improve access to credit by consumers, home buyers, businesses and other borrowers. Such actions might be particularly effective at promoting economic growth and job creation...”

"Access to Credit!!!" Unba-fucking-real. These guys have absolutely no shame, not a moral or ethical cell in their malignant souls.


Give the stupid, ignorant mass of poor slobs money so that they'll feel OK about getting into MORE debt; give 'em that false sense of wealth---like the one "W" gave 'em with the $600 'stimulus' checks---so that they feel OK about getting 3 new credit cards and running up $7500 in debt and paying the minimum payment each month of $50 while NEVER, EVER getting close to getting out of debt. Debt servitude, for all of your days. Pay the man and make him rich.

Look folks, this has gotta stop. We cannot exist forever as the meat for the financial industries sausage grinder. There are many ways to get out from under this pile of shit, but one very straightforward method comes to mind first: stop playing.

Stop borrowing money from corrupt banks and stop paying money to a corrupt government. Don't pay your taxes, don't take out new mortgages, don't patronize the institutions that prop up this system. Live smaller---live in and for your community. Grow vegetables, trade with neighbors, share resources. Don't buy cool things anymore---you don't need them. One small TV is just fine...in fact, my wife and kids and I have chosen not to have TV in our home. We listen to the radio and occasionally watch M*A*S*H on an old DVD player. Don't buy into the need to buy into happiness. Ride a bike to work.

The Empire cannot make us go to THE DARK SIDE. We have a choice. The Dark Side exists on greed and excess and hubris. If we can learn how to live small, the forces of Evil will fall. They can only exist if we subsidize their existence. I say, no more!
Here is a great video about THIS VERY TOPIC:

video.google.com/video...]]> http://seekingalpha.com/article/100752-ted-spread-new-volatility-indicator?source=feed#comment-287001 287001 Oct. 15 (Bloomberg) -- Treasury Secretary Henry Paulson persuaded nine major U.S. banks to accept $125 billion in government investment. Getting them to lend it out may prove a tougher sell. ``The truth of the matter is, they can't put a gun to their head and say you have to lend this money,'' said Charles Horn, a former official at the Office of the Comptroller of the Currency, part of the Treasury Department, and now a partner at the Mayer Brown law firm in Washington.

Actually Charlie, he CAN put a gun to their heads and make them do whatever he wants them to do. That's the whole point here. Spanky Paulson and his band of merry scumbags are the new Fascists: if they cannot get their way through lying (Which of course they did to Congress, but really they didn't have to because our Congress is replete with know-nothing, self-concerned, shit stains who care about as much for the common man as I care for the dead fly that is decomposing under my empty refrigerator...), they will get their way through coercion and force. It's that simple.

ALEXANDRIA (Louisiana), USA - US PRESIDENT George W. Bush said on Monday that he thought the US public's 'near panic' over the global financial crisis was easing as government-led economic rescue efforts paid off. After a round table with local business leaders, Mr Bush said 'I have heard that people's attitudes are beginning to change, from a period of intense concerns - and I would call it near panic - to being more relaxed.' People are 'beginning to see the effects of changes and the liquidity that is being pumped in the system,' said Mr Bush, referring to the US$700 billion (S$1 trillion) bailout plan.

I'm not sure who's worse, Bush or all of the people who believe him. Wow, it's really like living in a science fiction world, in which all of the citizens have their brains sucked out by some Fascist pig alien monster, and then they all stare blankly into the abyss with brain-numbing, empty smiles on their lifeless faces. First off, Bush is a liar and he's been lying to us for 8 years. That is pretty hard to refute. Secondly, the overwhelming majority of Americans have absolutely no concept either (a) monetary theory or (b) ever having had ONE original thought in their entire lives. The pretty little talking bobble heads on CNN and CNBC tell us what to think, what to feel...and that's what we do. The majority of Americans have never read any book, let alone a book about (God Forbid) economics. We watch TV and eat fast food in a gluttonous orgy of utter mindlessness. And George Bush's lies are spread by the empty-headed simps who sit in front of the FOX NEWS cameras and spew ANYTHING that they are told to spew. It boggles the mind. Bush says things are getting better, because he NEEDS things to SEEM like they're getting better. And we believe him because, well, because we are dumb. I mean, what else is there to say? Sorry for being so cold, but reality cannot be changed. And the reality here is that Bush is a liar, Paulson is a liar, and the entire system of FRACTIONAL RESERVE BANKING is going right down the shitter.

The global economy is in deep DEEP trouble, and hurling trillions of dollars of OUR $$$ at the situation, in order to increase lending and thus increase our level of DEBT, when it's lending and DEBT that got us into this mess in the 1st place, is madness.

So...I sit here in utter disbelief at how obtuse we are. Sure, in the near term things will appear brighter. The DOW will rise, because "panic and worry" will have been replaced by "optimism". I hate to tell you this: The situation that we find ourselves in has NOTHING TO DO WITH EMOTIONS LIKE PANIC OR CONFIDENCE, it has to do with DEBT. DEBT!!!!! And the more we allow criminals like Paulson and Bush to convince us to throw money at the crisis, the more disastrous will be the eventual outcome.

Einstein said it best:Insanity: doing the same thing over and over again and expecting different results.]]> Tue, 21 Oct 2008 10:05:16 -0400 Oct. 15 (Bloomberg) -- Treasury Secretary Henry Paulson persuaded nine major U.S. banks to accept $125 billion in government investment. Getting them to lend it out may prove a tougher sell. ``The truth of the matter is, they can't put a gun to their head and say you have to lend this money,'' said Charles Horn, a former official at the Office of the Comptroller of the Currency, part of the Treasury Department, and now a partner at the Mayer Brown law firm in Washington.

Actually Charlie, he CAN put a gun to their heads and make them do whatever he wants them to do. That's the whole point here. Spanky Paulson and his band of merry scumbags are the new Fascists: if they cannot get their way through lying (Which of course they did to Congress, but really they didn't have to because our Congress is replete with know-nothing, self-concerned, shit stains who care about as much for the common man as I care for the dead fly that is decomposing under my empty refrigerator...), they will get their way through coercion and force. It's that simple.

ALEXANDRIA (Louisiana), USA - US PRESIDENT George W. Bush said on Monday that he thought the US public's 'near panic' over the global financial crisis was easing as government-led economic rescue efforts paid off. After a round table with local business leaders, Mr Bush said 'I have heard that people's attitudes are beginning to change, from a period of intense concerns - and I would call it near panic - to being more relaxed.' People are 'beginning to see the effects of changes and the liquidity that is being pumped in the system,' said Mr Bush, referring to the US$700 billion (S$1 trillion) bailout plan.

I'm not sure who's worse, Bush or all of the people who believe him. Wow, it's really like living in a science fiction world, in which all of the citizens have their brains sucked out by some Fascist pig alien monster, and then they all stare blankly into the abyss with brain-numbing, empty smiles on their lifeless faces. First off, Bush is a liar and he's been lying to us for 8 years. That is pretty hard to refute. Secondly, the overwhelming majority of Americans have absolutely no concept either (a) monetary theory or (b) ever having had ONE original thought in their entire lives. The pretty little talking bobble heads on CNN and CNBC tell us what to think, what to feel...and that's what we do. The majority of Americans have never read any book, let alone a book about (God Forbid) economics. We watch TV and eat fast food in a gluttonous orgy of utter mindlessness. And George Bush's lies are spread by the empty-headed simps who sit in front of the FOX NEWS cameras and spew ANYTHING that they are told to spew. It boggles the mind. Bush says things are getting better, because he NEEDS things to SEEM like they're getting better. And we believe him because, well, because we are dumb. I mean, what else is there to say? Sorry for being so cold, but reality cannot be changed. And the reality here is that Bush is a liar, Paulson is a liar, and the entire system of FRACTIONAL RESERVE BANKING is going right down the shitter.

The global economy is in deep DEEP trouble, and hurling trillions of dollars of OUR $$$ at the situation, in order to increase lending and thus increase our level of DEBT, when it's lending and DEBT that got us into this mess in the 1st place, is madness.

So...I sit here in utter disbelief at how obtuse we are. Sure, in the near term things will appear brighter. The DOW will rise, because "panic and worry" will have been replaced by "optimism". I hate to tell you this: The situation that we find ourselves in has NOTHING TO DO WITH EMOTIONS LIKE PANIC OR CONFIDENCE, it has to do with DEBT. DEBT!!!!! And the more we allow criminals like Paulson and Bush to convince us to throw money at the crisis, the more disastrous will be the eventual outcome.

Einstein said it best:Insanity: doing the same thing over and over again and expecting different results.]]> http://seekingalpha.com/article/100766-trying-to-look-forward?source=feed#comment-287000 287000 Oct. 15 (Bloomberg) -- Treasury Secretary Henry Paulson persuaded nine major U.S. banks to accept $125 billion in government investment. Getting them to lend it out may prove a tougher sell. ``The truth of the matter is, they can't put a gun to their head and say you have to lend this money,'' said Charles Horn, a former official at the Office of the Comptroller of the Currency, part of the Treasury Department, and now a partner at the Mayer Brown law firm in Washington.

Actually Charlie, he CAN put a gun to their heads and make them do whatever he wants them to do. That's the whole point here. Spanky Paulson and his band of merry scumbags are the new Fascists: if they cannot get their way through lying (Which of course they did to Congress, but really they didn't have to because our Congress is replete with know-nothing, self-concerned, shit stains who care about as much for the common man as I care for the dead fly that is decomposing under my empty refrigerator...), they will get their way through coercion and force. It's that simple.

ALEXANDRIA (Louisiana), USA - US PRESIDENT George W. Bush said on Monday that he thought the US public's 'near panic' over the global financial crisis was easing as government-led economic rescue efforts paid off. After a round table with local business leaders, Mr Bush said 'I have heard that people's attitudes are beginning to change, from a period of intense concerns - and I would call it near panic - to being more relaxed.' People are 'beginning to see the effects of changes and the liquidity that is being pumped in the system,' said Mr Bush, referring to the US$700 billion (S$1 trillion) bailout plan.

I'm not sure who's worse, Bush or all of the people who believe him. Wow, it's really like living in a science fiction world, in which all of the citizens have their brains sucked out by some Fascist pig alien monster, and then they all stare blankly into the abyss with brain-numbing, empty smiles on their lifeless faces. First off, Bush is a liar and he's been lying to us for 8 years. That is pretty hard to refute. Secondly, the overwhelming majority of Americans have absolutely no concept either (a) monetary theory or (b) ever having had ONE original thought in their entire lives. The pretty little talking bobble heads on CNN and CNBC tell us what to think, what to feel...and that's what we do. The majority of Americans have never read any book, let alone a book about (God Forbid) economics. We watch TV and eat fast food in a gluttonous orgy of utter mindlessness. And George Bush's lies are spread by the empty-headed simps who sit in front of the FOX NEWS cameras and spew ANYTHING that they are told to spew. It boggles the mind. Bush says things are getting better, because he NEEDS things to SEEM like they're getting better. And we believe him because, well, because we are dumb. I mean, what else is there to say? Sorry for being so cold, but reality cannot be changed. And the reality here is that Bush is a liar, Paulson is a liar, and the entire system of FRACTIONAL RESERVE BANKING is going right down the shitter.

The global economy is in deep DEEP trouble, and hurling trillions of dollars of OUR $$$ at the situation, in order to increase lending and thus increase our level of DEBT, when it's lending and DEBT that got us into this mess in the 1st place, is madness.

So...I sit here in utter disbelief at how obtuse we are. Sure, in the near term things will appear brighter. The DOW will rise, because "panic and worry" will have been replaced by "optimism". I hate to tell you this: The situation that we find ourselves in has NOTHING TO DO WITH EMOTIONS LIKE PANIC OR CONFIDENCE, it has to do with DEBT. DEBT!!!!! And the more we allow criminals like Paulson and Bush to convince us to throw money at the crisis, the more disastrous will be the eventual outcome.

Einstein said it best:Insanity: doing the same thing over and over again and expecting different results.]]> Tue, 21 Oct 2008 10:05:03 -0400 Oct. 15 (Bloomberg) -- Treasury Secretary Henry Paulson persuaded nine major U.S. banks to accept $125 billion in government investment. Getting them to lend it out may prove a tougher sell. ``The truth of the matter is, they can't put a gun to their head and say you have to lend this money,'' said Charles Horn, a former official at the Office of the Comptroller of the Currency, part of the Treasury Department, and now a partner at the Mayer Brown law firm in Washington.

Actually Charlie, he CAN put a gun to their heads and make them do whatever he wants them to do. That's the whole point here. Spanky Paulson and his band of merry scumbags are the new Fascists: if they cannot get their way through lying (Which of course they did to Congress, but really they didn't have to because our Congress is replete with know-nothing, self-concerned, shit stains who care about as much for the common man as I care for the dead fly that is decomposing under my empty refrigerator...), they will get their way through coercion and force. It's that simple.

ALEXANDRIA (Louisiana), USA - US PRESIDENT George W. Bush said on Monday that he thought the US public's 'near panic' over the global financial crisis was easing as government-led economic rescue efforts paid off. After a round table with local business leaders, Mr Bush said 'I have heard that people's attitudes are beginning to change, from a period of intense concerns - and I would call it near panic - to being more relaxed.' People are 'beginning to see the effects of changes and the liquidity that is being pumped in the system,' said Mr Bush, referring to the US$700 billion (S$1 trillion) bailout plan.

I'm not sure who's worse, Bush or all of the people who believe him. Wow, it's really like living in a science fiction world, in which all of the citizens have their brains sucked out by some Fascist pig alien monster, and then they all stare blankly into the abyss with brain-numbing, empty smiles on their lifeless faces. First off, Bush is a liar and he's been lying to us for 8 years. That is pretty hard to refute. Secondly, the overwhelming majority of Americans have absolutely no concept either (a) monetary theory or (b) ever having had ONE original thought in their entire lives. The pretty little talking bobble heads on CNN and CNBC tell us what to think, what to feel...and that's what we do. The majority of Americans have never read any book, let alone a book about (God Forbid) economics. We watch TV and eat fast food in a gluttonous orgy of utter mindlessness. And George Bush's lies are spread by the empty-headed simps who sit in front of the FOX NEWS cameras and spew ANYTHING that they are told to spew. It boggles the mind. Bush says things are getting better, because he NEEDS things to SEEM like they're getting better. And we believe him because, well, because we are dumb. I mean, what else is there to say? Sorry for being so cold, but reality cannot be changed. And the reality here is that Bush is a liar, Paulson is a liar, and the entire system of FRACTIONAL RESERVE BANKING is going right down the shitter.

The global economy is in deep DEEP trouble, and hurling trillions of dollars of OUR $$$ at the situation, in order to increase lending and thus increase our level of DEBT, when it's lending and DEBT that got us into this mess in the 1st place, is madness.

So...I sit here in utter disbelief at how obtuse we are. Sure, in the near term things will appear brighter. The DOW will rise, because "panic and worry" will have been replaced by "optimism". I hate to tell you this: The situation that we find ourselves in has NOTHING TO DO WITH EMOTIONS LIKE PANIC OR CONFIDENCE, it has to do with DEBT. DEBT!!!!! And the more we allow criminals like Paulson and Bush to convince us to throw money at the crisis, the more disastrous will be the eventual outcome.

Einstein said it best:Insanity: doing the same thing over and over again and expecting different results.]]> http://seekingalpha.com/article/100771-throwing-cold-water-on-today-s-rally-mark-faber?source=feed#comment-286998 286998 Oct. 15 (Bloomberg) -- Treasury Secretary Henry Paulson persuaded nine major U.S. banks to accept $125 billion in government investment. Getting them to lend it out may prove a tougher sell. ``The truth of the matter is, they can't put a gun to their head and say you have to lend this money,'' said Charles Horn, a former official at the Office of the Comptroller of the Currency, part of the Treasury Department, and now a partner at the Mayer Brown law firm in Washington.

Actually Charlie, he CAN put a gun to their heads and make them do whatever he wants them to do. That's the whole point here. Spanky Paulson and his band of merry scumbags are the new Fascists: if they cannot get their way through lying (Which of course they did to Congress, but really they didn't have to because our Congress is replete with know-nothing, self-concerned, shit stains who care about as much for the common man as I care for the dead fly that is decomposing under my empty refrigerator...), they will get their way through coercion and force. It's that simple.

ALEXANDRIA (Louisiana), USA - US PRESIDENT George W. Bush said on Monday that he thought the US public's 'near panic' over the global financial crisis was easing as government-led economic rescue efforts paid off. After a round table with local business leaders, Mr Bush said 'I have heard that people's attitudes are beginning to change, from a period of intense concerns - and I would call it near panic - to being more relaxed.' People are 'beginning to see the effects of changes and the liquidity that is being pumped in the system,' said Mr Bush, referring to the US$700 billion (S$1 trillion) bailout plan.

I'm not sure who's worse, Bush or all of the people who believe him. Wow, it's really like living in a science fiction world, in which all of the citizens have their brains sucked out by some Fascist pig alien monster, and then they all stare blankly into the abyss with brain-numbing, empty smiles on their lifeless faces. First off, Bush is a liar and he's been lying to us for 8 years. That is pretty hard to refute. Secondly, the overwhelming majority of Americans have absolutely no concept either (a) monetary theory or (b) ever having had ONE original thought in their entire lives. The pretty little talking bobble heads on CNN and CNBC tell us what to think, what to feel...and that's what we do. The majority of Americans have never read any book, let alone a book about (God Forbid) economics. We watch TV and eat fast food in a gluttonous orgy of utter mindlessness. And George Bush's lies are spread by the empty-headed simps who sit in front of the FOX NEWS cameras and spew ANYTHING that they are told to spew. It boggles the mind. Bush says things are getting better, because he NEEDS things to SEEM like they're getting better. And we believe him because, well, because we are dumb. I mean, what else is there to say? Sorry for being so cold, but reality cannot be changed. And the reality here is that Bush is a liar, Paulson is a liar, and the entire system of FRACTIONAL RESERVE BANKING is going right down the shitter.

The global economy is in deep DEEP trouble, and hurling trillions of dollars of OUR $$$ at the situation, in order to increase lending and thus increase our level of DEBT, when it's lending and DEBT that got us into this mess in the 1st place, is madness.

So...I sit here in utter disbelief at how obtuse we are. Sure, in the near term things will appear brighter. The DOW will rise, because "panic and worry" will have been replaced by "optimism". I hate to tell you this: The situation that we find ourselves in has NOTHING TO DO WITH EMOTIONS LIKE PANIC OR CONFIDENCE, it has to do with DEBT. DEBT!!!!! And the more we allow criminals like Paulson and Bush to convince us to throw money at the crisis, the more disastrous will be the eventual outcome.

Einstein said it best:Insanity: doing the same thing over and over again and expecting different results.]]> Tue, 21 Oct 2008 10:04:29 -0400 Oct. 15 (Bloomberg) -- Treasury Secretary Henry Paulson persuaded nine major U.S. banks to accept $125 billion in government investment. Getting them to lend it out may prove a tougher sell. ``The truth of the matter is, they can't put a gun to their head and say you have to lend this money,'' said Charles Horn, a former official at the Office of the Comptroller of the Currency, part of the Treasury Department, and now a partner at the Mayer Brown law firm in Washington.

Actually Charlie, he CAN put a gun to their heads and make them do whatever he wants them to do. That's the whole point here. Spanky Paulson and his band of merry scumbags are the new Fascists: if they cannot get their way through lying (Which of course they did to Congress, but really they didn't have to because our Congress is replete with know-nothing, self-concerned, shit stains who care about as much for the common man as I care for the dead fly that is decomposing under my empty refrigerator...), they will get their way through coercion and force. It's that simple.

ALEXANDRIA (Louisiana), USA - US PRESIDENT George W. Bush said on Monday that he thought the US public's 'near panic' over the global financial crisis was easing as government-led economic rescue efforts paid off. After a round table with local business leaders, Mr Bush said 'I have heard that people's attitudes are beginning to change, from a period of intense concerns - and I would call it near panic - to being more relaxed.' People are 'beginning to see the effects of changes and the liquidity that is being pumped in the system,' said Mr Bush, referring to the US$700 billion (S$1 trillion) bailout plan.

I'm not sure who's worse, Bush or all of the people who believe him. Wow, it's really like living in a science fiction world, in which all of the citizens have their brains sucked out by some Fascist pig alien monster, and then they all stare blankly into the abyss with brain-numbing, empty smiles on their lifeless faces. First off, Bush is a liar and he's been lying to us for 8 years. That is pretty hard to refute. Secondly, the overwhelming majority of Americans have absolutely no concept either (a) monetary theory or (b) ever having had ONE original thought in their entire lives. The pretty little talking bobble heads on CNN and CNBC tell us what to think, what to feel...and that's what we do. The majority of Americans have never read any book, let alone a book about (God Forbid) economics. We watch TV and eat fast food in a gluttonous orgy of utter mindlessness. And George Bush's lies are spread by the empty-headed simps who sit in front of the FOX NEWS cameras and spew ANYTHING that they are told to spew. It boggles the mind. Bush says things are getting better, because he NEEDS things to SEEM like they're getting better. And we believe him because, well, because we are dumb. I mean, what else is there to say? Sorry for being so cold, but reality cannot be changed. And the reality here is that Bush is a liar, Paulson is a liar, and the entire system of FRACTIONAL RESERVE BANKING is going right down the shitter.

The global economy is in deep DEEP trouble, and hurling trillions of dollars of OUR $$$ at the situation, in order to increase lending and thus increase our level of DEBT, when it's lending and DEBT that got us into this mess in the 1st place, is madness.

So...I sit here in utter disbelief at how obtuse we are. Sure, in the near term things will appear brighter. The DOW will rise, because "panic and worry" will have been replaced by "optimism". I hate to tell you this: The situation that we find ourselves in has NOTHING TO DO WITH EMOTIONS LIKE PANIC OR CONFIDENCE, it has to do with DEBT. DEBT!!!!! And the more we allow criminals like Paulson and Bush to convince us to throw money at the crisis, the more disastrous will be the eventual outcome.

Einstein said it best:Insanity: doing the same thing over and over again and expecting different results.]]> http://seekingalpha.com/article/100777-wall-street-reintroduced-to-the-color-green?source=feed#comment-286997 286997 Oct. 15 (Bloomberg) -- Treasury Secretary Henry Paulson persuaded nine major U.S. banks to accept $125 billion in government investment. Getting them to lend it out may prove a tougher sell. ``The truth of the matter is, they can't put a gun to their head and say you have to lend this money,'' said Charles Horn, a former official at the Office of the Comptroller of the Currency, part of the Treasury Department, and now a partner at the Mayer Brown law firm in Washington.

Actually Charlie, he CAN put a gun to their heads and make them do whatever he wants them to do. That's the whole point here. Spanky Paulson and his band of merry scumbags are the new Fascists: if they cannot get their way through lying (Which of course they did to Congress, but really they didn't have to because our Congress is replete with know-nothing, self-concerned, shit stains who care about as much for the common man as I care for the dead fly that is decomposing under my empty refrigerator...), they will get their way through coercion and force. It's that simple.

ALEXANDRIA (Louisiana), USA - US PRESIDENT George W. Bush said on Monday that he thought the US public's 'near panic' over the global financial crisis was easing as government-led economic rescue efforts paid off. After a round table with local business leaders, Mr Bush said 'I have heard that people's attitudes are beginning to change, from a period of intense concerns - and I would call it near panic - to being more relaxed.' People are 'beginning to see the effects of changes and the liquidity that is being pumped in the system,' said Mr Bush, referring to the US$700 billion (S$1 trillion) bailout plan.

I'm not sure who's worse, Bush or all of the people who believe him. Wow, it's really like living in a science fiction world, in which all of the citizens have their brains sucked out by some Fascist pig alien monster, and then they all stare blankly into the abyss with brain-numbing, empty smiles on their lifeless faces. First off, Bush is a liar and he's been lying to us for 8 years. That is pretty hard to refute. Secondly, the overwhelming majority of Americans have absolutely no concept either (a) monetary theory or (b) ever having had ONE original thought in their entire lives. The pretty little talking bobble heads on CNN and CNBC tell us what to think, what to feel...and that's what we do. The majority of Americans have never read any book, let alone a book about (God Forbid) economics. We watch TV and eat fast food in a gluttonous orgy of utter mindlessness. And George Bush's lies are spread by the empty-headed simps who sit in front of the FOX NEWS cameras and spew ANYTHING that they are told to spew. It boggles the mind. Bush says things are getting better, because he NEEDS things to SEEM like they're getting better. And we believe him because, well, because we are dumb. I mean, what else is there to say? Sorry for being so cold, but reality cannot be changed. And the reality here is that Bush is a liar, Paulson is a liar, and the entire system of FRACTIONAL RESERVE BANKING is going right down the shitter.

The global economy is in deep DEEP trouble, and hurling trillions of dollars of OUR $$$ at the situation, in order to increase lending and thus increase our level of DEBT, when it's lending and DEBT that got us into this mess in the 1st place, is madness.

So...I sit here in utter disbelief at how obtuse we are. Sure, in the near term things will appear brighter. The DOW will rise, because "panic and worry" will have been replaced by "optimism". I hate to tell you this: The situation that we find ourselves in has NOTHING TO DO WITH EMOTIONS LIKE PANIC OR CONFIDENCE, it has to do with DEBT. DEBT!!!!! And the more we allow criminals like Paulson and Bush to convince us to throw money at the crisis, the more disastrous will be the eventual outcome.

Einstein said it best:Insanity: doing the same thing over and over again and expecting different results.]]> Tue, 21 Oct 2008 10:04:12 -0400 Oct. 15 (Bloomberg) -- Treasury Secretary Henry Paulson persuaded nine major U.S. banks to accept $125 billion in government investment. Getting them to lend it out may prove a tougher sell. ``The truth of the matter is, they can't put a gun to their head and say you have to lend this money,'' said Charles Horn, a former official at the Office of the Comptroller of the Currency, part of the Treasury Department, and now a partner at the Mayer Brown law firm in Washington.

Actually Charlie, he CAN put a gun to their heads and make them do whatever he wants them to do. That's the whole point here. Spanky Paulson and his band of merry scumbags are the new Fascists: if they cannot get their way through lying (Which of course they did to Congress, but really they didn't have to because our Congress is replete with know-nothing, self-concerned, shit stains who care about as much for the common man as I care for the dead fly that is decomposing under my empty refrigerator...), they will get their way through coercion and force. It's that simple.

ALEXANDRIA (Louisiana), USA - US PRESIDENT George W. Bush said on Monday that he thought the US public's 'near panic' over the global financial crisis was easing as government-led economic rescue efforts paid off. After a round table with local business leaders, Mr Bush said 'I have heard that people's attitudes are beginning to change, from a period of intense concerns - and I would call it near panic - to being more relaxed.' People are 'beginning to see the effects of changes and the liquidity that is being pumped in the system,' said Mr Bush, referring to the US$700 billion (S$1 trillion) bailout plan.

I'm not sure who's worse, Bush or all of the people who believe him. Wow, it's really like living in a science fiction world, in which all of the citizens have their brains sucked out by some Fascist pig alien monster, and then they all stare blankly into the abyss with brain-numbing, empty smiles on their lifeless faces. First off, Bush is a liar and he's been lying to us for 8 years. That is pretty hard to refute. Secondly, the overwhelming majority of Americans have absolutely no concept either (a) monetary theory or (b) ever having had ONE original thought in their entire lives. The pretty little talking bobble heads on CNN and CNBC tell us what to think, what to feel...and that's what we do. The majority of Americans have never read any book, let alone a book about (God Forbid) economics. We watch TV and eat fast food in a gluttonous orgy of utter mindlessness. And George Bush's lies are spread by the empty-headed simps who sit in front of the FOX NEWS cameras and spew ANYTHING that they are told to spew. It boggles the mind. Bush says things are getting better, because he NEEDS things to SEEM like they're getting better. And we believe him because, well, because we are dumb. I mean, what else is there to say? Sorry for being so cold, but reality cannot be changed. And the reality here is that Bush is a liar, Paulson is a liar, and the entire system of FRACTIONAL RESERVE BANKING is going right down the shitter.

The global economy is in deep DEEP trouble, and hurling trillions of dollars of OUR $$$ at the situation, in order to increase lending and thus increase our level of DEBT, when it's lending and DEBT that got us into this mess in the 1st place, is madness.

So...I sit here in utter disbelief at how obtuse we are. Sure, in the near term things will appear brighter. The DOW will rise, because "panic and worry" will have been replaced by "optimism". I hate to tell you this: The situation that we find ourselves in has NOTHING TO DO WITH EMOTIONS LIKE PANIC OR CONFIDENCE, it has to do with DEBT. DEBT!!!!! And the more we allow criminals like Paulson and Bush to convince us to throw money at the crisis, the more disastrous will be the eventual outcome.

Einstein said it best:Insanity: doing the same thing over and over again and expecting different results.]]> http://seekingalpha.com/article/100768-u-s-venture-capital-moving-from-it-to-clean-energy?source=feed#comment-286993 286993 Oct. 15 (Bloomberg) -- Treasury Secretary Henry Paulson persuaded nine major U.S. banks to accept $125 billion in government investment. Getting them to lend it out may prove a tougher sell. ``The truth of the matter is, they can't put a gun to their head and say you have to lend this money,'' said Charles Horn, a former official at the Office of the Comptroller of the Currency, part of the Treasury Department, and now a partner at the Mayer Brown law firm in Washington.

Actually Charlie, he CAN put a gun to their heads and make them do whatever he wants them to do. That's the whole point here. Spanky Paulson and his band of merry scumbags are the new Fascists: if they cannot get their way through lying (Which of course they did to Congress, but really they didn't have to because our Congress is replete with know-nothing, self-concerned, shit stains who care about as much for the common man as I care for the dead fly that is decomposing under my empty refrigerator...), they will get their way through coercion and force. It's that simple.

ALEXANDRIA (Louisiana), USA - US PRESIDENT George W. Bush said on Monday that he thought the US public's 'near panic' over the global financial crisis was easing as government-led economic rescue efforts paid off. After a round table with local business leaders, Mr Bush said 'I have heard that people's attitudes are beginning to change, from a period of intense concerns - and I would call it near panic - to being more relaxed.' People are 'beginning to see the effects of changes and the liquidity that is being pumped in the system,' said Mr Bush, referring to the US$700 billion (S$1 trillion) bailout plan.

I'm not sure who's worse, Bush or all of the people who believe him. Wow, it's really like living in a science fiction world, in which all of the citizens have their brains sucked out by some Fascist pig alien monster, and then they all stare blankly into the abyss with brain-numbing, empty smiles on their lifeless faces. First off, Bush is a liar and he's been lying to us for 8 years. That is pretty hard to refute. Secondly, the overwhelming majority of Americans have absolutely no concept either (a) monetary theory or (b) ever having had ONE original thought in their entire lives. The pretty little talking bobble heads on CNN and CNBC tell us what to think, what to feel...and that's what we do. The majority of Americans have never read any book, let alone a book about (God Forbid) economics. We watch TV and eat fast food in a gluttonous orgy of utter mindlessness. And George Bush's lies are spread by the empty-headed simps who sit in front of the FOX NEWS cameras and spew ANYTHING that they are told to spew. It boggles the mind. Bush says things are getting better, because he NEEDS things to SEEM like they're getting better. And we believe him because, well, because we are dumb. I mean, what else is there to say? Sorry for being so cold, but reality cannot be changed. And the reality here is that Bush is a liar, Paulson is a liar, and the entire system of FRACTIONAL RESERVE BANKING is going right down the shitter.

The global economy is in deep DEEP trouble, and hurling trillions of dollars of OUR $$$ at the situation, in order to increase lending and thus increase our level of DEBT, when it's lending and DEBT that got us into this mess in the 1st place, is madness.

So...I sit here in utter disbelief at how obtuse we are. Sure, in the near term things will appear brighter. The DOW will rise, because "panic and worry" will have been replaced by "optimism". I hate to tell you this: The situation that we find ourselves in has NOTHING TO DO WITH EMOTIONS LIKE PANIC OR CONFIDENCE, it has to do with DEBT. DEBT!!!!! And the more we allow criminals like Paulson and Bush to convince us to throw money at the crisis, the more disastrous will be the eventual outcome.

Einstein said it best:Insanity: doing the same thing over and over again and expecting different results.]]> Tue, 21 Oct 2008 10:03:27 -0400 Oct. 15 (Bloomberg) -- Treasury Secretary Henry Paulson persuaded nine major U.S. banks to accept $125 billion in government investment. Getting them to lend it out may prove a tougher sell. ``The truth of the matter is, they can't put a gun to their head and say you have to lend this money,'' said Charles Horn, a former official at the Office of the Comptroller of the Currency, part of the Treasury Department, and now a partner at the Mayer Brown law firm in Washington.

Actually Charlie, he CAN put a gun to their heads and make them do whatever he wants them to do. That's the whole point here. Spanky Paulson and his band of merry scumbags are the new Fascists: if they cannot get their way through lying (Which of course they did to Congress, but really they didn't have to because our Congress is replete with know-nothing, self-concerned, shit stains who care about as much for the common man as I care for the dead fly that is decomposing under my empty refrigerator...), they will get their way through coercion and force. It's that simple.

ALEXANDRIA (Louisiana), USA - US PRESIDENT George W. Bush said on Monday that he thought the US public's 'near panic' over the global financial crisis was easing as government-led economic rescue efforts paid off. After a round table with local business leaders, Mr Bush said 'I have heard that people's attitudes are beginning to change, from a period of intense concerns - and I would call it near panic - to being more relaxed.' People are 'beginning to see the effects of changes and the liquidity that is being pumped in the system,' said Mr Bush, referring to the US$700 billion (S$1 trillion) bailout plan.

I'm not sure who's worse, Bush or all of the people who believe him. Wow, it's really like living in a science fiction world, in which all of the citizens have their brains sucked out by some Fascist pig alien monster, and then they all stare blankly into the abyss with brain-numbing, empty smiles on their lifeless faces. First off, Bush is a liar and he's been lying to us for 8 years. That is pretty hard to refute. Secondly, the overwhelming majority of Americans have absolutely no concept either (a) monetary theory or (b) ever having had ONE original thought in their entire lives. The pretty little talking bobble heads on CNN and CNBC tell us what to think, what to feel...and that's what we do. The majority of Americans have never read any book, let alone a book about (God Forbid) economics. We watch TV and eat fast food in a gluttonous orgy of utter mindlessness. And George Bush's lies are spread by the empty-headed simps who sit in front of the FOX NEWS cameras and spew ANYTHING that they are told to spew. It boggles the mind. Bush says things are getting better, because he NEEDS things to SEEM like they're getting better. And we believe him because, well, because we are dumb. I mean, what else is there to say? Sorry for being so cold, but reality cannot be changed. And the reality here is that Bush is a liar, Paulson is a liar, and the entire system of FRACTIONAL RESERVE BANKING is going right down the shitter.

The global economy is in deep DEEP trouble, and hurling trillions of dollars of OUR $$$ at the situation, in order to increase lending and thus increase our level of DEBT, when it's lending and DEBT that got us into this mess in the 1st place, is madness.

So...I sit here in utter disbelief at how obtuse we are. Sure, in the near term things will appear brighter. The DOW will rise, because "panic and worry" will have been replaced by "optimism". I hate to tell you this: The situation that we find ourselves in has NOTHING TO DO WITH EMOTIONS LIKE PANIC OR CONFIDENCE, it has to do with DEBT. DEBT!!!!! And the more we allow criminals like Paulson and Bush to convince us to throw money at the crisis, the more disastrous will be the eventual outcome.

Einstein said it best:Insanity: doing the same thing over and over again and expecting different results.]]> http://seekingalpha.com/article/100453-is-the-s-p-500-at-just-the-right-level?source=feed#comment-285349 285349
Together, daily, we share news of the latest in the greatest financial ripoff in the history of history. Billions---literally--... human beings left to suffer and freeze and starve over the next 5-10 years, as the Plutocrats and Kleptocrats hunker down with their riches, their mansions, their Lamborghinis, etc.

Well, I take my lessons from 2 sources: Mohandas K. Gandhi and Billy Ray Valentine. Gandhi you know, I hope. Valentine, played gracefully by a young Ediie Murphy, was the guy in TRADING PLACES who goes from being poor to rich, at the expense of Winthorp, played gracefully by a skinny Dan Aykroyd. ANYWAY....

So, here's the point:

1. Gandhi organizes a day of "fasting and prayer" to protest British rules in India. Of course, a day of fasting and prayer also means 500 million Indian workers off the job: no trains, no buses, no public works---which effectively leaves 100,000 British ex-pats in India totally cut off from the world. A bad day for the Brits, to say the least.
2. Billy Ray Valentine (Capricorn) points out to Lewis Winthorp--as Winthorp cleans out his shotgun barrel in preparation, one can only assume, for a knee-cap shattering meeting with The Dukes brothers (Randolph and Mortimer Duke, of Duke and Duke Commodities, INC.)---that the way you really get a rich person back is NOT by shooting him, but instead by making him poor.

OK, you with me so far?

Now for the union of Gandhi and Valentine.

It seems to me that the real criminals in all of this are the bankers, the folks in the financial industry, the Paulsons and Bernankes and Fulds and all of the folks who have become wealthy on the backs---and on the debt---of the rest of us. This system of FRACTIONAL RESERVE BANKING, a system in which money = debt, this system can only function and make millionaires of a few while leaving the rest in the dust if and only if the rest of us choose to play.

Look, what terrified Paulson more than anything---and then he convinced Bush to be terrified, and he convinced the scumbags in Congress to be terrified----was the idea of a financial system, whose very existence is dependent upon growth and therefore upon more and more debt, collapsing because the borrowing cycle had been shut down.

These total assholes admitted it, and they assumed the rest of us wouldn't really get it. They said, flat out, that we are risking a systemic financial collapse unless we can get the credit markets working again.

Look, I want you to PLEASE watch this video RIGHT NOW. Afterwards, come back to my post.

video.google.com/video...

OK, now...here comes my thesis...well, not really...ummmm....more like my proposal.

Let's stop playing! I say, get together with people in your community and come up with a plan so that (a) everyone can eat and (b) everyone can stay warm and (c) everyone has water to drink and (d) EVERYONE STOPS PAYING FOR THINGS THAT ARE MAKING THE MoFos RICH!!!

To hell with paying taxes! Think about taxes for one second. All of our taxes have to go up, because we have, to this point, lent the FED over a TRILLION dollars---and Scumbag Paulson is giving all of OUR money (money that we have earned through our hard work as teachers, and carpenters, and farmers and police officers, etc.) to the banks so that the credit market will loosen so that the banks will loan us back our money...at interest!!! I say, no more!!!!!!!!!!

I say we need to come together in our communities and protect each other and help each other and go on strike from giving our hard earned money away so that amoral scum like Henry Paulson can make millions more dollars off of us. I am done with that!

We cannot do this alone. Alone we are pariah who get nicked by the FBI and thrown in jail and called extremists. I say, this needs to be a mass movement. A mainstream movement of protest against a financial system that CAN ONLY SURVIVE on the growing debt burden of the ordinary folk.

I may not be William Wallace, and while I like Mel Gibson as an actor I find some of his views about religion rather abhorrent...but I will say this: It is time to claim...OUR FREEDOM!!!!!!!!!!!!!!!...]]> Sat, 18 Oct 2008 18:04:24 -0400
Together, daily, we share news of the latest in the greatest financial ripoff in the history of history. Billions---literally--... human beings left to suffer and freeze and starve over the next 5-10 years, as the Plutocrats and Kleptocrats hunker down with their riches, their mansions, their Lamborghinis, etc.

Well, I take my lessons from 2 sources: Mohandas K. Gandhi and Billy Ray Valentine. Gandhi you know, I hope. Valentine, played gracefully by a young Ediie Murphy, was the guy in TRADING PLACES who goes from being poor to rich, at the expense of Winthorp, played gracefully by a skinny Dan Aykroyd. ANYWAY....

So, here's the point:

1. Gandhi organizes a day of "fasting and prayer" to protest British rules in India. Of course, a day of fasting and prayer also means 500 million Indian workers off the job: no trains, no buses, no public works---which effectively leaves 100,000 British ex-pats in India totally cut off from the world. A bad day for the Brits, to say the least.
2. Billy Ray Valentine (Capricorn) points out to Lewis Winthorp--as Winthorp cleans out his shotgun barrel in preparation, one can only assume, for a knee-cap shattering meeting with The Dukes brothers (Randolph and Mortimer Duke, of Duke and Duke Commodities, INC.)---that the way you really get a rich person back is NOT by shooting him, but instead by making him poor.

OK, you with me so far?

Now for the union of Gandhi and Valentine.

It seems to me that the real criminals in all of this are the bankers, the folks in the financial industry, the Paulsons and Bernankes and Fulds and all of the folks who have become wealthy on the backs---and on the debt---of the rest of us. This system of FRACTIONAL RESERVE BANKING, a system in which money = debt, this system can only function and make millionaires of a few while leaving the rest in the dust if and only if the rest of us choose to play.

Look, what terrified Paulson more than anything---and then he convinced Bush to be terrified, and he convinced the scumbags in Congress to be terrified----was the idea of a financial system, whose very existence is dependent upon growth and therefore upon more and more debt, collapsing because the borrowing cycle had been shut down.

These total assholes admitted it, and they assumed the rest of us wouldn't really get it. They said, flat out, that we are risking a systemic financial collapse unless we can get the credit markets working again.

Look, I want you to PLEASE watch this video RIGHT NOW. Afterwards, come back to my post.

video.google.com/video...

OK, now...here comes my thesis...well, not really...ummmm....more like my proposal.

Let's stop playing! I say, get together with people in your community and come up with a plan so that (a) everyone can eat and (b) everyone can stay warm and (c) everyone has water to drink and (d) EVERYONE STOPS PAYING FOR THINGS THAT ARE MAKING THE MoFos RICH!!!

To hell with paying taxes! Think about taxes for one second. All of our taxes have to go up, because we have, to this point, lent the FED over a TRILLION dollars---and Scumbag Paulson is giving all of OUR money (money that we have earned through our hard work as teachers, and carpenters, and farmers and police officers, etc.) to the banks so that the credit market will loosen so that the banks will loan us back our money...at interest!!! I say, no more!!!!!!!!!!

I say we need to come together in our communities and protect each other and help each other and go on strike from giving our hard earned money away so that amoral scum like Henry Paulson can make millions more dollars off of us. I am done with that!

We cannot do this alone. Alone we are pariah who get nicked by the FBI and thrown in jail and called extremists. I say, this needs to be a mass movement. A mainstream movement of protest against a financial system that CAN ONLY SURVIVE on the growing debt burden of the ordinary folk.

I may not be William Wallace, and while I like Mel Gibson as an actor I find some of his views about religion rather abhorrent...but I will say this: It is time to claim...OUR FREEDOM!!!!!!!!!!!!!!!...]]> http://seekingalpha.com/article/100457-to-the-banking-industry-victors-go-the-spoils?source=feed#comment-285348 285348
Together, daily, we share news of the latest in the greatest financial ripoff in the history of history. Billions---literally--... human beings left to suffer and freeze and starve over the next 5-10 years, as the Plutocrats and Kleptocrats hunker down with their riches, their mansions, their Lamborghinis, etc.

Well, I take my lessons from 2 sources: Mohandas K. Gandhi and Billy Ray Valentine. Gandhi you know, I hope. Valentine, played gracefully by a young Ediie Murphy, was the guy in TRADING PLACES who goes from being poor to rich, at the expense of Winthorp, played gracefully by a skinny Dan Aykroyd. ANYWAY....

So, here's the point:

1. Gandhi organizes a day of "fasting and prayer" to protest British rules in India. Of course, a day of fasting and prayer also means 500 million Indian workers off the job: no trains, no buses, no public works---which effectively leaves 100,000 British ex-pats in India totally cut off from the world. A bad day for the Brits, to say the least.
2. Billy Ray Valentine (Capricorn) points out to Lewis Winthorp--as Winthorp cleans out his shotgun barrel in preparation, one can only assume, for a knee-cap shattering meeting with The Dukes brothers (Randolph and Mortimer Duke, of Duke and Duke Commodities, INC.)---that the way you really get a rich person back is NOT by shooting him, but instead by making him poor.

OK, you with me so far?

Now for the union of Gandhi and Valentine.

It seems to me that the real criminals in all of this are the bankers, the folks in the financial industry, the Paulsons and Bernankes and Fulds and all of the folks who have become wealthy on the backs---and on the debt---of the rest of us. This system of FRACTIONAL RESERVE BANKING, a system in which money = debt, this system can only function and make millionaires of a few while leaving the rest in the dust if and only if the rest of us choose to play.

Look, what terrified Paulson more than anything---and then he convinced Bush to be terrified, and he convinced the scumbags in Congress to be terrified----was the idea of a financial system, whose very existence is dependent upon growth and therefore upon more and more debt, collapsing because the borrowing cycle had been shut down.

They admitted it, and they assumed the rest of us wouldn't really get it. They said, flat out, that we are risking a systemic financial collapse unless we can get the credit markets working again.


Let's stop playing! I say, get together with people in your community and come up with a plan so that (a) everyone can eat and (b) everyone can stay warm and (c) everyone has water to drink and (d) EVERYONE STOPS PAYING FOR THINGS THAT ARE MAKING THE MoFos RICH!!!

I say we need to come together in our communities and protect each other and help each other and go on strike from giving our hard earned money away/I say, this needs to be a mass movement. A mainstream movement of protest against a financial system that CAN ONLY SURVIVE on the growing debt burden of the ordinary folk.

]]> Sat, 18 Oct 2008 18:04:05 -0400
Together, daily, we share news of the latest in the greatest financial ripoff in the history of history. Billions---literally--... human beings left to suffer and freeze and starve over the next 5-10 years, as the Plutocrats and Kleptocrats hunker down with their riches, their mansions, their Lamborghinis, etc.

Well, I take my lessons from 2 sources: Mohandas K. Gandhi and Billy Ray Valentine. Gandhi you know, I hope. Valentine, played gracefully by a young Ediie Murphy, was the guy in TRADING PLACES who goes from being poor to rich, at the expense of Winthorp, played gracefully by a skinny Dan Aykroyd. ANYWAY....

So, here's the point:

1. Gandhi organizes a day of "fasting and prayer" to protest British rules in India. Of course, a day of fasting and prayer also means 500 million Indian workers off the job: no trains, no buses, no public works---which effectively leaves 100,000 British ex-pats in India totally cut off from the world. A bad day for the Brits, to say the least.
2. Billy Ray Valentine (Capricorn) points out to Lewis Winthorp--as Winthorp cleans out his shotgun barrel in preparation, one can only assume, for a knee-cap shattering meeting with The Dukes brothers (Randolph and Mortimer Duke, of Duke and Duke Commodities, INC.)---that the way you really get a rich person back is NOT by shooting him, but instead by making him poor.

OK, you with me so far?

Now for the union of Gandhi and Valentine.

It seems to me that the real criminals in all of this are the bankers, the folks in the financial industry, the Paulsons and Bernankes and Fulds and all of the folks who have become wealthy on the backs---and on the debt---of the rest of us. This system of FRACTIONAL RESERVE BANKING, a system in which money = debt, this system can only function and make millionaires of a few while leaving the rest in the dust if and only if the rest of us choose to play.

Look, what terrified Paulson more than anything---and then he convinced Bush to be terrified, and he convinced the scumbags in Congress to be terrified----was the idea of a financial system, whose very existence is dependent upon growth and therefore upon more and more debt, collapsing because the borrowing cycle had been shut down.

They admitted it, and they assumed the rest of us wouldn't really get it. They said, flat out, that we are risking a systemic financial collapse unless we can get the credit markets working again.


Let's stop playing! I say, get together with people in your community and come up with a plan so that (a) everyone can eat and (b) everyone can stay warm and (c) everyone has water to drink and (d) EVERYONE STOPS PAYING FOR THINGS THAT ARE MAKING THE MoFos RICH!!!

I say we need to come together in our communities and protect each other and help each other and go on strike from giving our hard earned money away/I say, this needs to be a mass movement. A mainstream movement of protest against a financial system that CAN ONLY SURVIVE on the growing debt burden of the ordinary folk.

]]> http://seekingalpha.com/article/100481-credit-no-easy-answers?source=feed#comment-285347 285347
Together, daily, we share news of the latest in the greatest financial ripoff in the history of history. Billions---literally--... human beings left to suffer and freeze and starve over the next 5-10 years, as the Plutocrats and Kleptocrats hunker down with their riches, their mansions, their Lamborghinis, etc.

Well, I take my lessons from 2 sources: Mohandas K. Gandhi and Billy Ray Valentine. Gandhi you know, I hope. Valentine, played gracefully by a young Ediie Murphy, was the guy in TRADING PLACES who goes from being poor to rich, at the expense of Winthorp, played gracefully by a skinny Dan Aykroyd. ANYWAY....

So, here's the point:

1. Gandhi organizes a day of "fasting and prayer" to protest British rules in India. Of course, a day of fasting and prayer also means 500 million Indian workers off the job: no trains, no buses, no public works---which effectively leaves 100,000 British ex-pats in India totally cut off from the world. A bad day for the Brits, to say the least.
2. Billy Ray Valentine (Capricorn) points out to Lewis Winthorp--as Winthorp cleans out his shotgun barrel in preparation, one can only assume, for a knee-cap shattering meeting with The Dukes brothers (Randolph and Mortimer Duke, of Duke and Duke Commodities, INC.)---that the way you really get a rich person back is NOT by shooting him, but instead by making him poor.

OK, you with me so far?

Now for the union of Gandhi and Valentine.

It seems to me that the real criminals in all of this are the bankers, the folks in the financial industry, the Paulsons and Bernankes and Fulds and all of the folks who have become wealthy on the backs---and on the debt---of the rest of us. This system of FRACTIONAL RESERVE BANKING, a system in which money = debt, this system can only function and make millionaires of a few while leaving the rest in the dust if and only if the rest of us choose to play.

Look, what terrified Paulson more than anything---and then he convinced Bush to be terrified, and he convinced the scumbags in Congress to be terrified----was the idea of a financial system, whose very existence is dependent upon growth and therefore upon more and more debt, collapsing because the borrowing cycle had been shut down.

These total assholes admitted it, and they assumed the rest of us wouldn't really get it. They said, flat out, that we are risking a systemic financial collapse unless we can get the credit markets working again.

Look, I want you to PLEASE watch this video RIGHT NOW. Afterwards, come back to my post.

video.google.com/video...

OK, now...here comes my thesis...well, not really...ummmm....more like my proposal.

Let's stop playing! I say, get together with people in your community and come up with a plan so that (a) everyone can eat and (b) everyone can stay warm and (c) everyone has water to drink and (d) EVERYONE STOPS PAYING FOR THINGS THAT ARE MAKING THE MOTHERFUCKERS RICH!!!

To hell with paying taxes! Think about taxes for one second. All of our taxes have to go up, because we have, to this point, lent the FED over a TRILLION dollars---and Scumbag Paulson is giving all of OUR money (money that we have earned through our hard work as teachers, and carpenters, and farmers and police officers, etc.) to the banks so that the credit market will loosen so that the banks will loan us back our money...at interest!!! I say, no more!!!!!!!!!!

I say we need to come together in our communities and protect each other and help each other and go on strike from giving our hard earned money away so that amoral scum like Henry Paulson can make millions more dollars off of us. I am done with that shit!

We cannot do this alone. Alone we are pariah who get nicked by the FBI and thrown in jail and called extremists. I say, this needs to be a mass movement. A mainstream movement of protest against a financial system that CAN ONLY SURVIVE on the growing debt burden of the ordinary folk.

I may not be William Wallace, and while I like Mel Gibson as an actor I find some of his views about religion rather abhorrent...but I will say this: It is time to claim...OUR FREEDOM!!!!!!!!!!!!!!!...]]> Sat, 18 Oct 2008 18:03:50 -0400
Together, daily, we share news of the latest in the greatest financial ripoff in the history of history. Billions---literally--... human beings left to suffer and freeze and starve over the next 5-10 years, as the Plutocrats and Kleptocrats hunker down with their riches, their mansions, their Lamborghinis, etc.

Well, I take my lessons from 2 sources: Mohandas K. Gandhi and Billy Ray Valentine. Gandhi you know, I hope. Valentine, played gracefully by a young Ediie Murphy, was the guy in TRADING PLACES who goes from being poor to rich, at the expense of Winthorp, played gracefully by a skinny Dan Aykroyd. ANYWAY....

So, here's the point:

1. Gandhi organizes a day of "fasting and prayer" to protest British rules in India. Of course, a day of fasting and prayer also means 500 million Indian workers off the job: no trains, no buses, no public works---which effectively leaves 100,000 British ex-pats in India totally cut off from the world. A bad day for the Brits, to say the least.
2. Billy Ray Valentine (Capricorn) points out to Lewis Winthorp--as Winthorp cleans out his shotgun barrel in preparation, one can only assume, for a knee-cap shattering meeting with The Dukes brothers (Randolph and Mortimer Duke, of Duke and Duke Commodities, INC.)---that the way you really get a rich person back is NOT by shooting him, but instead by making him poor.

OK, you with me so far?

Now for the union of Gandhi and Valentine.

It seems to me that the real criminals in all of this are the bankers, the folks in the financial industry, the Paulsons and Bernankes and Fulds and all of the folks who have become wealthy on the backs---and on the debt---of the rest of us. This system of FRACTIONAL RESERVE BANKING, a system in which money = debt, this system can only function and make millionaires of a few while leaving the rest in the dust if and only if the rest of us choose to play.

Look, what terrified Paulson more than anything---and then he convinced Bush to be terrified, and he convinced the scumbags in Congress to be terrified----was the idea of a financial system, whose very existence is dependent upon growth and therefore upon more and more debt, collapsing because the borrowing cycle had been shut down.

These total assholes admitted it, and they assumed the rest of us wouldn't really get it. They said, flat out, that we are risking a systemic financial collapse unless we can get the credit markets working again.

Look, I want you to PLEASE watch this video RIGHT NOW. Afterwards, come back to my post.

video.google.com/video...

OK, now...here comes my thesis...well, not really...ummmm....more like my proposal.

Let's stop playing! I say, get together with people in your community and come up with a plan so that (a) everyone can eat and (b) everyone can stay warm and (c) everyone has water to drink and (d) EVERYONE STOPS PAYING FOR THINGS THAT ARE MAKING THE MOTHERFUCKERS RICH!!!

To hell with paying taxes! Think about taxes for one second. All of our taxes have to go up, because we have, to this point, lent the FED over a TRILLION dollars---and Scumbag Paulson is giving all of OUR money (money that we have earned through our hard work as teachers, and carpenters, and farmers and police officers, etc.) to the banks so that the credit market will loosen so that the banks will loan us back our money...at interest!!! I say, no more!!!!!!!!!!

I say we need to come together in our communities and protect each other and help each other and go on strike from giving our hard earned money away so that amoral scum like Henry Paulson can make millions more dollars off of us. I am done with that shit!

We cannot do this alone. Alone we are pariah who get nicked by the FBI and thrown in jail and called extremists. I say, this needs to be a mass movement. A mainstream movement of protest against a financial system that CAN ONLY SURVIVE on the growing debt burden of the ordinary folk.

I may not be William Wallace, and while I like Mel Gibson as an actor I find some of his views about religion rather abhorrent...but I will say this: It is time to claim...OUR FREEDOM!!!!!!!!!!!!!!!...]]> http://seekingalpha.com/article/100482-glimpsing-a-return-to-normal?source=feed#comment-285346 285346
Together, daily, we share news of the latest in the greatest financial ripoff in the history of history. Billions---literally--... human beings left to suffer and freeze and starve over the next 5-10 years, as the Plutocrats and Kleptocrats hunker down with their riches, their mansions, their Lamborghinis, etc.

Well, I take my lessons from 2 sources: Mohandas K. Gandhi and Billy Ray Valentine. Gandhi you know, I hope. Valentine, played gracefully by a young Ediie Murphy, was the guy in TRADING PLACES who goes from being poor to rich, at the expense of Winthorp, played gracefully by a skinny Dan Aykroyd. ANYWAY....

So, here's the point:

1. Gandhi organizes a day of "fasting and prayer" to protest British rules in India. Of course, a day of fasting and prayer also means 500 million Indian workers off the job: no trains, no buses, no public works---which effectively leaves 100,000 British ex-pats in India totally cut off from the world. A bad day for the Brits, to say the least.
2. Billy Ray Valentine (Capricorn) points out to Lewis Winthorp--as Winthorp cleans out his shotgun barrel in preparation, one can only assume, for a knee-cap shattering meeting with The Dukes brothers (Randolph and Mortimer Duke, of Duke and Duke Commodities, INC.)---that the way you really get a rich person back is NOT by shooting him, but instead by making him poor.

OK, you with me so far?

Now for the union of Gandhi and Valentine.

It seems to me that the real criminals in all of this are the bankers, the folks in the financial industry, the Paulsons and Bernankes and Fulds and all of the folks who have become wealthy on the backs---and on the debt---of the rest of us. This system of FRACTIONAL RESERVE BANKING, a system in which money = debt, this system can only function and make millionaires of a few while leaving the rest in the dust if and only if the rest of us choose to play.

Look, what terrified Paulson more than anything---and then he convinced Bush to be terrified, and he convinced the scumbags in Congress to be terrified----was the idea of a financial system, whose very existence is dependent upon growth and therefore upon more and more debt, collapsing because the borrowing cycle had been shut down.

These total assholes admitted it, and they assumed the rest of us wouldn't really get it. They said, flat out, that we are risking a systemic financial collapse unless we can get the credit markets working again.

Look, I want you to PLEASE watch this video RIGHT NOW. Afterwards, come back to my post.

video.google.com/video...

OK, now...here comes my thesis...well, not really...ummmm....more like my proposal.

Let's stop playing! I say, get together with people in your community and come up with a plan so that (a) everyone can eat and (b) everyone can stay warm and (c) everyone has water to drink and (d) EVERYONE STOPS PAYING FOR THINGS THAT ARE MAKING THE MOTHERFUCKERS RICH!!!

To hell with paying taxes! Think about taxes for one second. All of our taxes have to go up, because we have, to this point, lent the FED over a TRILLION dollars---and Scumbag Paulson is giving all of OUR money (money that we have earned through our hard work as teachers, and carpenters, and farmers and police officers, etc.) to the banks so that the credit market will loosen so that the banks will loan us back our money...at interest!!! I say, no more!!!!!!!!!!

I say we need to come together in our communities and protect each other and help each other and go on strike from giving our hard earned money away so that amoral scum like Henry Paulson can make millions more dollars off of us. I am done with that shit!

We cannot do this alone. Alone we are pariah who get nicked by the FBI and thrown in jail and called extremists. I say, this needs to be a mass movement. A mainstream movement of protest against a financial system that CAN ONLY SURVIVE on the growing debt burden of the ordinary folk.

I may not be William Wallace, and while I like Mel Gibson as an actor I find some of his views about religion rather abhorrent...but I will say this: It is time to claim...OUR FREEDOM!!!!!!!!!!!!!!!...]]> Sat, 18 Oct 2008 18:03:11 -0400
Together, daily, we share news of the latest in the greatest financial ripoff in the history of history. Billions---literally--... human beings left to suffer and freeze and starve over the next 5-10 years, as the Plutocrats and Kleptocrats hunker down with their riches, their mansions, their Lamborghinis, etc.

Well, I take my lessons from 2 sources: Mohandas K. Gandhi and Billy Ray Valentine. Gandhi you know, I hope. Valentine, played gracefully by a young Ediie Murphy, was the guy in TRADING PLACES who goes from being poor to rich, at the expense of Winthorp, played gracefully by a skinny Dan Aykroyd. ANYWAY....

So, here's the point:

1. Gandhi organizes a day of "fasting and prayer" to protest British rules in India. Of course, a day of fasting and prayer also means 500 million Indian workers off the job: no trains, no buses, no public works---which effectively leaves 100,000 British ex-pats in India totally cut off from the world. A bad day for the Brits, to say the least.
2. Billy Ray Valentine (Capricorn) points out to Lewis Winthorp--as Winthorp cleans out his shotgun barrel in preparation, one can only assume, for a knee-cap shattering meeting with The Dukes brothers (Randolph and Mortimer Duke, of Duke and Duke Commodities, INC.)---that the way you really get a rich person back is NOT by shooting him, but instead by making him poor.

OK, you with me so far?

Now for the union of Gandhi and Valentine.

It seems to me that the real criminals in all of this are the bankers, the folks in the financial industry, the Paulsons and Bernankes and Fulds and all of the folks who have become wealthy on the backs---and on the debt---of the rest of us. This system of FRACTIONAL RESERVE BANKING, a system in which money = debt, this system can only function and make millionaires of a few while leaving the rest in the dust if and only if the rest of us choose to play.

Look, what terrified Paulson more than anything---and then he convinced Bush to be terrified, and he convinced the scumbags in Congress to be terrified----was the idea of a financial system, whose very existence is dependent upon growth and therefore upon more and more debt, collapsing because the borrowing cycle had been shut down.

These total assholes admitted it, and they assumed the rest of us wouldn't really get it. They said, flat out, that we are risking a systemic financial collapse unless we can get the credit markets working again.

Look, I want you to PLEASE watch this video RIGHT NOW. Afterwards, come back to my post.

video.google.com/video...

OK, now...here comes my thesis...well, not really...ummmm....more like my proposal.

Let's stop playing! I say, get together with people in your community and come up with a plan so that (a) everyone can eat and (b) everyone can stay warm and (c) everyone has water to drink and (d) EVERYONE STOPS PAYING FOR THINGS THAT ARE MAKING THE MOTHERFUCKERS RICH!!!

To hell with paying taxes! Think about taxes for one second. All of our taxes have to go up, because we have, to this point, lent the FED over a TRILLION dollars---and Scumbag Paulson is giving all of OUR money (money that we have earned through our hard work as teachers, and carpenters, and farmers and police officers, etc.) to the banks so that the credit market will loosen so that the banks will loan us back our money...at interest!!! I say, no more!!!!!!!!!!

I say we need to come together in our communities and protect each other and help each other and go on strike from giving our hard earned money away so that amoral scum like Henry Paulson can make millions more dollars off of us. I am done with that shit!

We cannot do this alone. Alone we are pariah who get nicked by the FBI and thrown in jail and called extremists. I say, this needs to be a mass movement. A mainstream movement of protest against a financial system that CAN ONLY SURVIVE on the growing debt burden of the ordinary folk.

I may not be William Wallace, and while I like Mel Gibson as an actor I find some of his views about religion rather abhorrent...but I will say this: It is time to claim...OUR FREEDOM!!!!!!!!!!!!!!!...]]> http://seekingalpha.com/article/100527-by-the-numbers-fast-money-recap-10-17-08?source=feed#comment-285345 285345
Together, daily, we share news of the latest in the greatest financial ripoff in the history of history. Billions---literally--... human beings left to suffer and freeze and starve over the next 5-10 years, as the Plutocrats and Kleptocrats hunker down with their riches, their mansions, their Lamborghinis, etc.

Well, I take my lessons from 2 sources: Mohandas K. Gandhi and Billy Ray Valentine. Gandhi you know, I hope. Valentine, played gracefully by a young Ediie Murphy, was the guy in TRADING PLACES who goes from being poor to rich, at the expense of Winthorp, played gracefully by a skinny Dan Aykroyd. ANYWAY....

So, here's the point:

1. Gandhi organizes a day of "fasting and prayer" to protest British rules in India. Of course, a day of fasting and prayer also means 500 million Indian workers off the job: no trains, no buses, no public works---which effectively leaves 100,000 British ex-pats in India totally cut off from the world. A bad day for the Brits, to say the least.
2. Billy Ray Valentine (Capricorn) points out to Lewis Winthorp--as Winthorp cleans out his shotgun barrel in preparation, one can only assume, for a knee-cap shattering meeting with The Dukes brothers (Randolph and Mortimer Duke, of Duke and Duke Commodities, INC.)---that the way you really get a rich person back is NOT by shooting him, but instead by making him poor.

OK, you with me so far?

Now for the union of Gandhi and Valentine.

It seems to me that the real criminals in all of this are the bankers, the folks in the financial industry, the Paulsons and Bernankes and Fulds and all of the folks who have become wealthy on the backs---and on the debt---of the rest of us. This system of FRACTIONAL RESERVE BANKING, a system in which money = debt, this system can only function and make millionaires of a few while leaving the rest in the dust if and only if the rest of us choose to play.

Look, what terrified Paulson more than anything---and then he convinced Bush to be terrified, and he convinced the scumbags in Congress to be terrified----was the idea of a financial system, whose very existence is dependent upon growth and therefore upon more and more debt, collapsing because the borrowing cycle had been shut down.

These total assholes admitted it, and they assumed the rest of us wouldn't really get it. They said, flat out, that we are risking a systemic financial collapse unless we can get the credit markets working again.

Look, I want you to PLEASE watch this video RIGHT NOW. Afterwards, come back to my post.

video.google.com/video...

OK, now...here comes my thesis...well, not really...ummmm....more like my proposal.

Let's stop playing! I say, get together with people in your community and come up with a plan so that (a) everyone can eat and (b) everyone can stay warm and (c) everyone has water to drink and (d) EVERYONE STOPS PAYING FOR THINGS THAT ARE MAKING THE MOTHERFUCKERS RICH!!!

To hell with paying taxes! Think about taxes for one second. All of our taxes have to go up, because we have, to this point, lent the FED over a TRILLION dollars---and Scumbag Paulson is giving all of OUR money (money that we have earned through our hard work as teachers, and carpenters, and farmers and police officers, etc.) to the banks so that the credit market will loosen so that the banks will loan us back our money...at interest!!! I say, no more!!!!!!!!!!

I say we need to come together in our communities and protect each other and help each other and go on strike from giving our hard earned money away so that amoral scum like Henry Paulson can make millions more dollars off of us. I am done with that shit!

We cannot do this alone. Alone we are pariah who get nicked by the FBI and thrown in jail and called extremists. I say, this needs to be a mass movement. A mainstream movement of protest against a financial system that CAN ONLY SURVIVE on the growing debt burden of the ordinary folk.

I may not be William Wallace, and while I like Mel Gibson as an actor I find some of his views about religion rather abhorrent...but I will say this: It is time to claim...OUR FREEDOM!!!!!!!!!!!!!!!...]]> Sat, 18 Oct 2008 18:02:39 -0400
Together, daily, we share news of the latest in the greatest financial ripoff in the history of history. Billions---literally--... human beings left to suffer and freeze and starve over the next 5-10 years, as the Plutocrats and Kleptocrats hunker down with their riches, their mansions, their Lamborghinis, etc.

Well, I take my lessons from 2 sources: Mohandas K. Gandhi and Billy Ray Valentine. Gandhi you know, I hope. Valentine, played gracefully by a young Ediie Murphy, was the guy in TRADING PLACES who goes from being poor to rich, at the expense of Winthorp, played gracefully by a skinny Dan Aykroyd. ANYWAY....

So, here's the point:

1. Gandhi organizes a day of "fasting and prayer" to protest British rules in India. Of course, a day of fasting and prayer also means 500 million Indian workers off the job: no trains, no buses, no public works---which effectively leaves 100,000 British ex-pats in India totally cut off from the world. A bad day for the Brits, to say the least.
2. Billy Ray Valentine (Capricorn) points out to Lewis Winthorp--as Winthorp cleans out his shotgun barrel in preparation, one can only assume, for a knee-cap shattering meeting with The Dukes brothers (Randolph and Mortimer Duke, of Duke and Duke Commodities, INC.)---that the way you really get a rich person back is NOT by shooting him, but instead by making him poor.

OK, you with me so far?

Now for the union of Gandhi and Valentine.

It seems to me that the real criminals in all of this are the bankers, the folks in the financial industry, the Paulsons and Bernankes and Fulds and all of the folks who have become wealthy on the backs---and on the debt---of the rest of us. This system of FRACTIONAL RESERVE BANKING, a system in which money = debt, this system can only function and make millionaires of a few while leaving the rest in the dust if and only if the rest of us choose to play.

Look, what terrified Paulson more than anything---and then he convinced Bush to be terrified, and he convinced the scumbags in Congress to be terrified----was the idea of a financial system, whose very existence is dependent upon growth and therefore upon more and more debt, collapsing because the borrowing cycle had been shut down.

These total assholes admitted it, and they assumed the rest of us wouldn't really get it. They said, flat out, that we are risking a systemic financial collapse unless we can get the credit markets working again.

Look, I want you to PLEASE watch this video RIGHT NOW. Afterwards, come back to my post.

video.google.com/video...

OK, now...here comes my thesis...well, not really...ummmm....more like my proposal.

Let's stop playing! I say, get together with people in your community and come up with a plan so that (a) everyone can eat and (b) everyone can stay warm and (c) everyone has water to drink and (d) EVERYONE STOPS PAYING FOR THINGS THAT ARE MAKING THE MOTHERFUCKERS RICH!!!

To hell with paying taxes! Think about taxes for one second. All of our taxes have to go up, because we have, to this point, lent the FED over a TRILLION dollars---and Scumbag Paulson is giving all of OUR money (money that we have earned through our hard work as teachers, and carpenters, and farmers and police officers, etc.) to the banks so that the credit market will loosen so that the banks will loan us back our money...at interest!!! I say, no more!!!!!!!!!!

I say we need to come together in our communities and protect each other and help each other and go on strike from giving our hard earned money away so that amoral scum like Henry Paulson can make millions more dollars off of us. I am done with that shit!

We cannot do this alone. Alone we are pariah who get nicked by the FBI and thrown in jail and called extremists. I say, this needs to be a mass movement. A mainstream movement of protest against a financial system that CAN ONLY SURVIVE on the growing debt burden of the ordinary folk.

I may not be William Wallace, and while I like Mel Gibson as an actor I find some of his views about religion rather abhorrent...but I will say this: It is time to claim...OUR FREEDOM!!!!!!!!!!!!!!!...]]> http://seekingalpha.com/article/99730-dividends-protect-you-cramer-s-lightning-round-10-17-08?source=feed#comment-285344 285344
Together, daily, we share news of the latest in the greatest financial ripoff in the history of history. Billions---literally--... human beings left to suffer and freeze and starve over the next 5-10 years, as the Plutocrats and Kleptocrats hunker down with their riches, their mansions, their Lamborghinis, etc.

Well, I take my lessons from 2 sources: Mohandas K. Gandhi and Billy Ray Valentine. Gandhi you know, I hope. Valentine, played gracefully by a young Ediie Murphy, was the guy in TRADING PLACES who goes from being poor to rich, at the expense of Winthorp, played gracefully by a skinny Dan Aykroyd. ANYWAY....

So, here's the point:

1. Gandhi organizes a day of "fasting and prayer" to protest British rules in India. Of course, a day of fasting and prayer also means 500 million Indian workers off the job: no trains, no buses, no public works---which effectively leaves 100,000 British ex-pats in India totally cut off from the world. A bad day for the Brits, to say the least.
2. Billy Ray Valentine (Capricorn) points out to Lewis Winthorp--as Winthorp cleans out his shotgun barrel in preparation, one can only assume, for a knee-cap shattering meeting with The Dukes brothers (Randolph and Mortimer Duke, of Duke and Duke Commodities, INC.)---that the way you really get a rich person back is NOT by shooting him, but instead by making him poor.

OK, you with me so far?

Now for the union of Gandhi and Valentine.

It seems to me that the real criminals in all of this are the bankers, the folks in the financial industry, the Paulsons and Bernankes and Fulds and all of the folks who have become wealthy on the backs---and on the debt---of the rest of us. This system of FRACTIONAL RESERVE BANKING, a system in which money = debt, this system can only function and make millionaires of a few while leaving the rest in the dust if and only if the rest of us choose to play.

Look, what terrified Paulson more than anything---and then he convinced Bush to be terrified, and he convinced the scumbags in Congress to be terrified----was the idea of a financial system, whose very existence is dependent upon growth and therefore upon more and more debt, collapsing because the borrowing cycle had been shut down.

These total assholes admitted it, and they assumed the rest of us wouldn't really get it. They said, flat out, that we are risking a systemic financial collapse unless we can get the credit markets working again.

Look, I want you to PLEASE watch this video RIGHT NOW. Afterwards, come back to my post.

video.google.com/video...

OK, now...here comes my thesis...well, not really...ummmm....more like my proposal.

Let's stop playing! I say, get together with people in your community and come up with a plan so that (a) everyone can eat and (b) everyone can stay warm and (c) everyone has water to drink and (d) EVERYONE STOPS PAYING FOR THINGS THAT ARE MAKING THE MOTHERFUCKERS RICH!!!

To hell with paying taxes! Think about taxes for one second. All of our taxes have to go up, because we have, to this point, lent the FED over a TRILLION dollars---and Scumbag Paulson is giving all of OUR money (money that we have earned through our hard work as teachers, and carpenters, and farmers and police officers, etc.) to the banks so that the credit market will loosen so that the banks will loan us back our money...at interest!!! I say, no more!!!!!!!!!!

I say we need to come together in our communities and protect each other and help each other and go on strike from giving our hard earned money away so that amoral scum like Henry Paulson can make millions more dollars off of us. I am done with that shit!

We cannot do this alone. Alone we are pariah who get nicked by the FBI and thrown in jail and called extremists. I say, this needs to be a mass movement. A mainstream movement of protest against a financial system that CAN ONLY SURVIVE on the growing debt burden of the ordinary folk.

I may not be William Wallace, and while I like Mel Gibson as an actor I find some of his views about religion rather abhorrent...but I will say this: It is time to claim...OUR FREEDOM!!!!!!!!!!!!!!!...]]> Sat, 18 Oct 2008 18:02:27 -0400
Together, daily, we share news of the latest in the greatest financial ripoff in the history of history. Billions---literally--... human beings left to suffer and freeze and starve over the next 5-10 years, as the Plutocrats and Kleptocrats hunker down with their riches, their mansions, their Lamborghinis, etc.

Well, I take my lessons from 2 sources: Mohandas K. Gandhi and Billy Ray Valentine. Gandhi you know, I hope. Valentine, played gracefully by a young Ediie Murphy, was the guy in TRADING PLACES who goes from being poor to rich, at the expense of Winthorp, played gracefully by a skinny Dan Aykroyd. ANYWAY....

So, here's the point:

1. Gandhi organizes a day of "fasting and prayer" to protest British rules in India. Of course, a day of fasting and prayer also means 500 million Indian workers off the job: no trains, no buses, no public works---which effectively leaves 100,000 British ex-pats in India totally cut off from the world. A bad day for the Brits, to say the least.
2. Billy Ray Valentine (Capricorn) points out to Lewis Winthorp--as Winthorp cleans out his shotgun barrel in preparation, one can only assume, for a knee-cap shattering meeting with The Dukes brothers (Randolph and Mortimer Duke, of Duke and Duke Commodities, INC.)---that the way you really get a rich person back is NOT by shooting him, but instead by making him poor.

OK, you with me so far?

Now for the union of Gandhi and Valentine.

It seems to me that the real criminals in all of this are the bankers, the folks in the financial industry, the Paulsons and Bernankes and Fulds and all of the folks who have become wealthy on the backs---and on the debt---of the rest of us. This system of FRACTIONAL RESERVE BANKING, a system in which money = debt, this system can only function and make millionaires of a few while leaving the rest in the dust if and only if the rest of us choose to play.

Look, what terrified Paulson more than anything---and then he convinced Bush to be terrified, and he convinced the scumbags in Congress to be terrified----was the idea of a financial system, whose very existence is dependent upon growth and therefore upon more and more debt, collapsing because the borrowing cycle had been shut down.

These total assholes admitted it, and they assumed the rest of us wouldn't really get it. They said, flat out, that we are risking a systemic financial collapse unless we can get the credit markets working again.

Look, I want you to PLEASE watch this video RIGHT NOW. Afterwards, come back to my post.

video.google.com/video...

OK, now...here comes my thesis...well, not really...ummmm....more like my proposal.

Let's stop playing! I say, get together with people in your community and come up with a plan so that (a) everyone can eat and (b) everyone can stay warm and (c) everyone has water to drink and (d) EVERYONE STOPS PAYING FOR THINGS THAT ARE MAKING THE MOTHERFUCKERS RICH!!!

To hell with paying taxes! Think about taxes for one second. All of our taxes have to go up, because we have, to this point, lent the FED over a TRILLION dollars---and Scumbag Paulson is giving all of OUR money (money that we have earned through our hard work as teachers, and carpenters, and farmers and police officers, etc.) to the banks so that the credit market will loosen so that the banks will loan us back our money...at interest!!! I say, no more!!!!!!!!!!

I say we need to come together in our communities and protect each other and help each other and go on strike from giving our hard earned money away so that amoral scum like Henry Paulson can make millions more dollars off of us. I am done with that shit!

We cannot do this alone. Alone we are pariah who get nicked by the FBI and thrown in jail and called extremists. I say, this needs to be a mass movement. A mainstream movement of protest against a financial system that CAN ONLY SURVIVE on the growing debt burden of the ordinary folk.

I may not be William Wallace, and while I like Mel Gibson as an actor I find some of his views about religion rather abhorrent...but I will say this: It is time to claim...OUR FREEDOM!!!!!!!!!!!!!!!...]]> http://seekingalpha.com/article/100529-bank-on-yield-cramer-s-mad-money-10-17-08?source=feed#comment-285343 285343
Together, daily, we share news of the latest in the greatest financial ripoff in the history of history. Billions---literally--... human beings left to suffer and freeze and starve over the next 5-10 years, as the Plutocrats and Kleptocrats hunker down with their riches, their mansions, their Lamborghinis, etc.

Well, I take my lessons from 2 sources: Mohandas K. Gandhi and Billy Ray Valentine. Gandhi you know, I hope. Valentine, played gracefully by a young Ediie Murphy, was the guy in TRADING PLACES who goes from being poor to rich, at the expense of Winthorp, played gracefully by a skinny Dan Aykroyd. ANYWAY....

So, here's the point:

1. Gandhi organizes a day of "fasting and prayer" to protest British rules in India. Of course, a day of fasting and prayer also means 500 million Indian workers off the job: no trains, no buses, no public works---which effectively leaves 100,000 British ex-pats in India totally cut off from the world. A bad day for the Brits, to say the least.
2. Billy Ray Valentine (Capricorn) points out to Lewis Winthorp--as Winthorp cleans out his shotgun barrel in preparation, one can only assume, for a knee-cap shattering meeting with The Dukes brothers (Randolph and Mortimer Duke, of Duke and Duke Commodities, INC.)---that the way you really get a rich person back is NOT by shooting him, but instead by making him poor.

OK, you with me so far?

Now for the union of Gandhi and Valentine.

It seems to me that the real criminals in all of this are the bankers, the folks in the financial industry, the Paulsons and Bernankes and Fulds and all of the folks who have become wealthy on the backs---and on the debt---of the rest of us. This system of FRACTIONAL RESERVE BANKING, a system in which money = debt, this system can only function and make millionaires of a few while leaving the rest in the dust if and only if the rest of us choose to play.

Look, what terrified Paulson more than anything---and then he convinced Bush to be terrified, and he convinced the scumbags in Congress to be terrified----was the idea of a financial system, whose very existence is dependent upon growth and therefore upon more and more debt, collapsing because the borrowing cycle had been shut down.

These total assholes admitted it, and they assumed the rest of us wouldn't really get it. They said, flat out, that we are risking a systemic financial collapse unless we can get the credit markets working again.

Look, I want you to PLEASE watch this video RIGHT NOW. Afterwards, come back to my post.

video.google.com/video...

OK, now...here comes my thesis...well, not really...ummmm....more like my proposal.

Let's stop playing! I say, get together with people in your community and come up with a plan so that (a) everyone can eat and (b) everyone can stay warm and (c) everyone has water to drink and (d) EVERYONE STOPS PAYING FOR THINGS THAT ARE MAKING THE MOTHERFUCKERS RICH!!!

To hell with paying taxes! Think about taxes for one second. All of our taxes have to go up, because we have, to this point, lent the FED over a TRILLION dollars---and Scumbag Paulson is giving all of OUR money (money that we have earned through our hard work as teachers, and carpenters, and farmers and police officers, etc.) to the banks so that the credit market will loosen so that the banks will loan us back our money...at interest!!! I say, no more!!!!!!!!!!

I say we need to come together in our communities and protect each other and help each other and go on strike from giving our hard earned money away so that amoral scum like Henry Paulson can make millions more dollars off of us. I am done with that shit!

We cannot do this alone. Alone we are pariah who get nicked by the FBI and thrown in jail and called extremists. I say, this needs to be a mass movement. A mainstream movement of protest against a financial system that CAN ONLY SURVIVE on the growing debt burden of the ordinary folk.

I may not be William Wallace, and while I like Mel Gibson as an actor I find some of his views about religion rather abhorrent...but I will say this: It is time to claim...OUR FREEDOM!!!!!!!!!!!!!!!...]]> Sat, 18 Oct 2008 18:02:10 -0400
Together, daily, we share news of the latest in the greatest financial ripoff in the history of history. Billions---literally--... human beings left to suffer and freeze and starve over the next 5-10 years, as the Plutocrats and Kleptocrats hunker down with their riches, their mansions, their Lamborghinis, etc.

Well, I take my lessons from 2 sources: Mohandas K. Gandhi and Billy Ray Valentine. Gandhi you know, I hope. Valentine, played gracefully by a young Ediie Murphy, was the guy in TRADING PLACES who goes from being poor to rich, at the expense of Winthorp, played gracefully by a skinny Dan Aykroyd. ANYWAY....

So, here's the point:

1. Gandhi organizes a day of "fasting and prayer" to protest British rules in India. Of course, a day of fasting and prayer also means 500 million Indian workers off the job: no trains, no buses, no public works---which effectively leaves 100,000 British ex-pats in India totally cut off from the world. A bad day for the Brits, to say the least.
2. Billy Ray Valentine (Capricorn) points out to Lewis Winthorp--as Winthorp cleans out his shotgun barrel in preparation, one can only assume, for a knee-cap shattering meeting with The Dukes brothers (Randolph and Mortimer Duke, of Duke and Duke Commodities, INC.)---that the way you really get a rich person back is NOT by shooting him, but instead by making him poor.

OK, you with me so far?

Now for the union of Gandhi and Valentine.

It seems to me that the real criminals in all of this are the bankers, the folks in the financial industry, the Paulsons and Bernankes and Fulds and all of the folks who have become wealthy on the backs---and on the debt---of the rest of us. This system of FRACTIONAL RESERVE BANKING, a system in which money = debt, this system can only function and make millionaires of a few while leaving the rest in the dust if and only if the rest of us choose to play.

Look, what terrified Paulson more than anything---and then he convinced Bush to be terrified, and he convinced the scumbags in Congress to be terrified----was the idea of a financial system, whose very existence is dependent upon growth and therefore upon more and more debt, collapsing because the borrowing cycle had been shut down.

These total assholes admitted it, and they assumed the rest of us wouldn't really get it. They said, flat out, that we are risking a systemic financial collapse unless we can get the credit markets working again.

Look, I want you to PLEASE watch this video RIGHT NOW. Afterwards, come back to my post.

video.google.com/video...

OK, now...here comes my thesis...well, not really...ummmm....more like my proposal.

Let's stop playing! I say, get together with people in your community and come up with a plan so that (a) everyone can eat and (b) everyone can stay warm and (c) everyone has water to drink and (d) EVERYONE STOPS PAYING FOR THINGS THAT ARE MAKING THE MOTHERFUCKERS RICH!!!

To hell with paying taxes! Think about taxes for one second. All of our taxes have to go up, because we have, to this point, lent the FED over a TRILLION dollars---and Scumbag Paulson is giving all of OUR money (money that we have earned through our hard work as teachers, and carpenters, and farmers and police officers, etc.) to the banks so that the credit market will loosen so that the banks will loan us back our money...at interest!!! I say, no more!!!!!!!!!!

I say we need to come together in our communities and protect each other and help each other and go on strike from giving our hard earned money away so that amoral scum like Henry Paulson can make millions more dollars off of us. I am done with that shit!

We cannot do this alone. Alone we are pariah who get nicked by the FBI and thrown in jail and called extremists. I say, this needs to be a mass movement. A mainstream movement of protest against a financial system that CAN ONLY SURVIVE on the growing debt burden of the ordinary folk.

I may not be William Wallace, and while I like Mel Gibson as an actor I find some of his views about religion rather abhorrent...but I will say this: It is time to claim...OUR FREEDOM!!!!!!!!!!!!!!!...]]> http://seekingalpha.com/article/100153-is-the-panic-over?source=feed#comment-283729 283729
For centuries, there has been no distinction between MONEY and DEBT. In fact, without debt, as we all know, there is no money, no financial system. The system that, like a parasite, has lived off of its host and made a few people stinking rich while using duplicity, violence and murder to have its way in the world CANNOT BE REFORMED. It cannot. It either has to be thrown away and we have to start from scratch, or it has to continue ad infinitum until we have Warren Buffet the Quadrillionaire, the DOW @ 100,000, and global debt of 14 Septillion dollars. (14 Septillion = 14,000,000,000,000,000... dollars, in round figures of course).

But to have this continued growth, there can be NO MARGIN CALLS, no withdrawals from banks, no fiat currency....simply debt...and of course this CANNOT work. I know, capital "A" Absurd for me to even play this little game. Debt is only "money" if people (a) believe that it is money and (b) if people can and DO service their debt. AND THAT IS WHY THIS CRISIS IS UNLIKE ANY WE HAVE SEEN BEFORE. This time, people are coming to the realization that debt actually ISN'T money. People are slowly beginning to realize that our global financial system is a usurious system in which bankers and other folks in the 'money' business are making trillions of dollars on the backs (that is, debt) of the common folk. You and me.



]]> Thu, 16 Oct 2008 11:57:47 -0400
For centuries, there has been no distinction between MONEY and DEBT. In fact, without debt, as we all know, there is no money, no financial system. The system that, like a parasite, has lived off of its host and made a few people stinking rich while using duplicity, violence and murder to have its way in the world CANNOT BE REFORMED. It cannot. It either has to be thrown away and we have to start from scratch, or it has to continue ad infinitum until we have Warren Buffet the Quadrillionaire, the DOW @ 100,000, and global debt of 14 Septillion dollars. (14 Septillion = 14,000,000,000,000,000... dollars, in round figures of course).

But to have this continued growth, there can be NO MARGIN CALLS, no withdrawals from banks, no fiat currency....simply debt...and of course this CANNOT work. I know, capital "A" Absurd for me to even play this little game. Debt is only "money" if people (a) believe that it is money and (b) if people can and DO service their debt. AND THAT IS WHY THIS CRISIS IS UNLIKE ANY WE HAVE SEEN BEFORE. This time, people are coming to the realization that debt actually ISN'T money. People are slowly beginning to realize that our global financial system is a usurious system in which bankers and other folks in the 'money' business are making trillions of dollars on the backs (that is, debt) of the common folk. You and me.



]]> http://seekingalpha.com/article/100200-long-term-financials-look-good?source=feed#comment-283713 283713
I have news for you Mr. Happy, it ain't.

Let's take Credit Markets, for example. And just to make things really interesting, I'm gonna ignore LIBOR and TED for the moment.

OK, project this: you are standing in front of a line of 100 people, stretched out perpendicular to your view.

OK, so you have 20 Billion Dollars. (Well, not actually real dollars: more like virtual dollars in guarantees....ya, debt.) Anyway...

You have 20 Billion Dollars. And the person who gave you the 20 Billion $ expects you to lend it out to 5 of the people in the line. And the LIBOR is coming in, and the TED spread is falling, and everything in 'the numbers' seems to point to this being a good way to make some cash: loan the $ out at a nice % of return, build on the 'principle', repay the 20 Billion $ and make a tidy li'l profit. Because that IS the name of the game here: PROFIT.

Hmmmm, but wait. There's a pretty good chance that at least 10-20 of these folks have a locked safe full of CDS "assets" that they are just praying that they can settle...not through continuing the lending cycle down to the consumer, but through holding onto the cash until their swap-based exposure comes to light, and then having the reserves on hand to settle margin calls without having to go belly up. Hmmmmm....kind of a crap shoot here. To whom do you loan the $$$??? Whom do you trust? They all have their hands out. They all appear sincere and well-mannered.

Oh ya. Another dilemma. You yourself also have a lot of vulnerability with regard to CDS and other worthless instruments gathering dust in your own vaults. AND, there's a pretty good chance---because these derivatives are sold and traded through dozens, if not hundreds, of unregistered, unrecorded transactions---that you may have to face the piper sometime down the road as some OTHER institution gets called to the carpet and one of your CDS bundles is unfortunately involved in the maelstrom.

LIBOR is down, TED is down...things look good. But the reality of the CDS worm leaves the LIBOR and TED spreads inconsequential to your decision-making processes.

Your choice? You sit on the 20 Billion $$$ and pray it's enough to cover your vulnerabilities as the swaps hit the fan over the coming weeks and months. (Of course, the dudes who lent you the 20 Billion are pissed and they show up with guns. Hmmm, what to do what to do?)

"Risk" has changed in ways we could never have imagined 30 years ago. Due to the unregulated nature of the Derivatives market, and because the bonds and other instruments being 'insured' didn't actually have to be 'one degree of separation' from the seller, we have a multi-trillion dollar, multi-trillion tentacled parasitic beast just waiting to bore through the leg of a few major financials....and then it's bye bye baby.

In your world Michael, there will come a time when people will once again be able to service their growing debt, where real capital growth will lead to economic expansion, and where the Fractional Reserve system will once again find itself on solid footing. BUT THAT CAN NEVER HAPPEN AGAIN MICHAEL.

This time we're talking tens of TRILLIONS of dollars of worthless "assets" in the vaults and on the ledgers of the major and small and every size financial inbetween...WORTHLESS!... Unserviceable debt. So it's not "interesting" ("...The most interesting thought with respect to this transparency is why the Federal Government didn't make companies show how much of this debt was on the books....") that the FED left this part of the process out of its playbook...it is criminal. And until ALL of the books are opened and all of the trillions and trillions of dollars in CDS-based debt is broght into the light, the financial system guided by the principles of Fractional Reserves is dead.

[ED: Comment edited to remove abuse.]
]]> Thu, 16 Oct 2008 11:47:07 -0400
I have news for you Mr. Happy, it ain't.

Let's take Credit Markets, for example. And just to make things really interesting, I'm gonna ignore LIBOR and TED for the moment.

OK, project this: you are standing in front of a line of 100 people, stretched out perpendicular to your view.

OK, so you have 20 Billion Dollars. (Well, not actually real dollars: more like virtual dollars in guarantees....ya, debt.) Anyway...

You have 20 Billion Dollars. And the person who gave you the 20 Billion $ expects you to lend it out to 5 of the people in the line. And the LIBOR is coming in, and the TED spread is falling, and everything in 'the numbers' seems to point to this being a good way to make some cash: loan the $ out at a nice % of return, build on the 'principle', repay the 20 Billion $ and make a tidy li'l profit. Because that IS the name of the game here: PROFIT.

Hmmmm, but wait. There's a pretty good chance that at least 10-20 of these folks have a locked safe full of CDS "assets" that they are just praying that they can settle...not through continuing the lending cycle down to the consumer, but through holding onto the cash until their swap-based exposure comes to light, and then having the reserves on hand to settle margin calls without having to go belly up. Hmmmmm....kind of a crap shoot here. To whom do you loan the $$$??? Whom do you trust? They all have their hands out. They all appear sincere and well-mannered.

Oh ya. Another dilemma. You yourself also have a lot of vulnerability with regard to CDS and other worthless instruments gathering dust in your own vaults. AND, there's a pretty good chance---because these derivatives are sold and traded through dozens, if not hundreds, of unregistered, unrecorded transactions---that you may have to face the piper sometime down the road as some OTHER institution gets called to the carpet and one of your CDS bundles is unfortunately involved in the maelstrom.

LIBOR is down, TED is down...things look good. But the reality of the CDS worm leaves the LIBOR and TED spreads inconsequential to your decision-making processes.

Your choice? You sit on the 20 Billion $$$ and pray it's enough to cover your vulnerabilities as the swaps hit the fan over the coming weeks and months. (Of course, the dudes who lent you the 20 Billion are pissed and they show up with guns. Hmmm, what to do what to do?)

"Risk" has changed in ways we could never have imagined 30 years ago. Due to the unregulated nature of the Derivatives market, and because the bonds and other instruments being 'insured' didn't actually have to be 'one degree of separation' from the seller, we have a multi-trillion dollar, multi-trillion tentacled parasitic beast just waiting to bore through the leg of a few major financials....and then it's bye bye baby.

In your world Michael, there will come a time when people will once again be able to service their growing debt, where real capital growth will lead to economic expansion, and where the Fractional Reserve system will once again find itself on solid footing. BUT THAT CAN NEVER HAPPEN AGAIN MICHAEL.

This time we're talking tens of TRILLIONS of dollars of worthless "assets" in the vaults and on the ledgers of the major and small and every size financial inbetween...WORTHLESS!... Unserviceable debt. So it's not "interesting" ("...The most interesting thought with respect to this transparency is why the Federal Government didn't make companies show how much of this debt was on the books....") that the FED left this part of the process out of its playbook...it is criminal. And until ALL of the books are opened and all of the trillions and trillions of dollars in CDS-based debt is broght into the light, the financial system guided by the principles of Fractional Reserves is dead.

[ED: Comment edited to remove abuse.]
]]> http://seekingalpha.com/article/99682-credit-default-swaps-contracts-only-34-8t?source=feed#comment-282036 282036 GANDALF is appropriately concerned that Frodo Baggins not disclose the whereabouts of "THE RING". If "THE 9" get their hands on the ring, and it is returned to SAURON, than Middle Earth is history.

Back on regular old Earth, the role of GANDALF is played by Henry Paulson, Ben Bernanke, George Bush, and a host of uber-wealthy autocrats and despots; THE RING is played by 56 Trillion Dollars in worthless "assets": pieces of paper not worth the ink they're written in; THE 9 are played by people 'in the know', whose cries for truth and justice are being muted by those playing GANDALF; SAURON is played by the people of the world.

I know, I know. In LORD OF THE RINGS, Gandalf is a good guy and Sauron is a bad guy. But just for the sake of the metaphor, pretend the opposite.

So you see....well, I know it's pretty obvious....but, anyway...

As long as Spanky Paulson and his cronies (et al) can keep their 50 Trillion Dollar lie a secret from the people, quelling dissent and using deceit and spin and lies to keep the people in line, than they can continue to live the life of luxury and leisure...with the commonfolk as their unwitting slaves. But should the truth become known, than the people will rise up and take over the planet.

Nice fantasy. As far as I can see---even when the truth DOES come out in the form of massive financial collapse due to 50 Trillion Dollars "worth" of dogshit, the people may not win out after all. You see, in this adaptation of THE LORD OF THE RINGS, Gandalf enlists the support of all of the wizards at his disposal (Saruman, et al) and destroys the people....save for a few billion to keep on in indenture]]> Tue, 14 Oct 2008 10:14:14 -0400 GANDALF is appropriately concerned that Frodo Baggins not disclose the whereabouts of "THE RING". If "THE 9" get their hands on the ring, and it is returned to SAURON, than Middle Earth is history.

Back on regular old Earth, the role of GANDALF is played by Henry Paulson, Ben Bernanke, George Bush, and a host of uber-wealthy autocrats and despots; THE RING is played by 56 Trillion Dollars in worthless "assets": pieces of paper not worth the ink they're written in; THE 9 are played by people 'in the know', whose cries for truth and justice are being muted by those playing GANDALF; SAURON is played by the people of the world.

I know, I know. In LORD OF THE RINGS, Gandalf is a good guy and Sauron is a bad guy. But just for the sake of the metaphor, pretend the opposite.

So you see....well, I know it's pretty obvious....but, anyway...

As long as Spanky Paulson and his cronies (et al) can keep their 50 Trillion Dollar lie a secret from the people, quelling dissent and using deceit and spin and lies to keep the people in line, than they can continue to live the life of luxury and leisure...with the commonfolk as their unwitting slaves. But should the truth become known, than the people will rise up and take over the planet.

Nice fantasy. As far as I can see---even when the truth DOES come out in the form of massive financial collapse due to 50 Trillion Dollars "worth" of dogshit, the people may not win out after all. You see, in this adaptation of THE LORD OF THE RINGS, Gandalf enlists the support of all of the wizards at his disposal (Saruman, et al) and destroys the people....save for a few billion to keep on in indenture]]> http://seekingalpha.com/article/99703-morgan-stanley-not-out-of-the-woods?source=feed#comment-282035 282035
There is a great Star Trek episode from the late 1960s entitled “Specter of the Gun”. Kirk, Spock, McCoy, Scotty and Chekhov are compelled to fight Wyatt Earp and his gang in a showdown at the O.K. Corral. Curious aliens have, of course, orchestrated the battle: some kind of a moral psychodrama. Anyway, in this episode Mr. Spock develops a “knock-out” gas from ingredients found in Doc Holiday’s office. The protagonists logically figure that if they can render the Earp Gang unconscious, then they won’t have to fight them at the O.K. Corral. (And as we know, the Earp’s defeat the Clanton’s at the gunfight at the O.K. Corral. And as Mr. Spock so aptly points out, “history cannot be changed.”)

All are certain that the gas will work; but just to be sure, Scotty volunteers to be the test subject for the agent. Spock, for one, is spellbound, when the potion fails to work. “Fascinating” he quips. Spock goes on to explain the enormity of this paradox. “The potion” he explains, “must work. By all laws we know, it simply cannot fail. And yet it has failed”. Spock goes on to theorize that a massive manipulation of the crew’s brain patterns must be occurring. He also explains that this knowledge, if used correctly, can save the crew from certain demise at the O.K Corral.

Back to 2008. At some point, the massive manipulation of our brains, orchestrated by Spanky Paulson and all of his uber-wealthy cronies, will end. Reality will intrude. The global economy MUST crash because there are simply too many dollars "worth" of worthless assets gathering dust in the safes and hard drives and account ledgers of the world's financial instutions. Tens of Trillions of dollars worth! And no amount of mass hypnosis (in the form of 'pundits optimism'), or empty words (in the form of government guarantees on EVERYTHING), or spin can change reality. Get that? Reality cannot be changed.]]> Tue, 14 Oct 2008 10:13:28 -0400
There is a great Star Trek episode from the late 1960s entitled “Specter of the Gun”. Kirk, Spock, McCoy, Scotty and Chekhov are compelled to fight Wyatt Earp and his gang in a showdown at the O.K. Corral. Curious aliens have, of course, orchestrated the battle: some kind of a moral psychodrama. Anyway, in this episode Mr. Spock develops a “knock-out” gas from ingredients found in Doc Holiday’s office. The protagonists logically figure that if they can render the Earp Gang unconscious, then they won’t have to fight them at the O.K. Corral. (And as we know, the Earp’s defeat the Clanton’s at the gunfight at the O.K. Corral. And as Mr. Spock so aptly points out, “history cannot be changed.”)

All are certain that the gas will work; but just to be sure, Scotty volunteers to be the test subject for the agent. Spock, for one, is spellbound, when the potion fails to work. “Fascinating” he quips. Spock goes on to explain the enormity of this paradox. “The potion” he explains, “must work. By all laws we know, it simply cannot fail. And yet it has failed”. Spock goes on to theorize that a massive manipulation of the crew’s brain patterns must be occurring. He also explains that this knowledge, if used correctly, can save the crew from certain demise at the O.K Corral.

Back to 2008. At some point, the massive manipulation of our brains, orchestrated by Spanky Paulson and all of his uber-wealthy cronies, will end. Reality will intrude. The global economy MUST crash because there are simply too many dollars "worth" of worthless assets gathering dust in the safes and hard drives and account ledgers of the world's financial instutions. Tens of Trillions of dollars worth! And no amount of mass hypnosis (in the form of 'pundits optimism'), or empty words (in the form of government guarantees on EVERYTHING), or spin can change reality. Get that? Reality cannot be changed.]]> http://seekingalpha.com/article/99674-coming-soon-the-600-trillion-derivatives-emergency-meeting?source=feed#comment-282033 282033
There is a great Star Trek episode from the late 1960s entitled “Specter of the Gun”. Kirk, Spock, McCoy, Scotty and Chekhov are compelled to fight Wyatt Earp and his gang in a showdown at the O.K. Corral. Curious aliens have, of course, orchestrated the battle: some kind of a moral psychodrama. Anyway, in this episode Mr. Spock develops a “knock-out” gas from ingredients found in Doc Holiday’s office. The protagonists logically figure that if they can render the Earp Gang unconscious, then they won’t have to fight them at the O.K. Corral. (And as we know, the Earp’s defeat the Clanton’s at the gunfight at the O.K. Corral. And as Mr. Spock so aptly points out, “history cannot be changed.”)

All are certain that the gas will work; but just to be sure, Scotty volunteers to be the test subject for the agent. Spock, for one, is spellbound, when the potion fails to work. “Fascinating” he quips. Spock goes on to explain the enormity of this paradox. “The potion” he explains, “must work. By all laws we know, it simply cannot fail. And yet it has failed”. Spock goes on to theorize that a massive manipulation of the crew’s brain patterns must be occurring. He also explains that this knowledge, if used correctly, can save the crew from certain demise at the O.K Corral.

Back to 2008. At some point, the massive manipulation of our brains, orchestrated by Spanky Paulson and all of his uber-wealthy cronies, will end. Reality will intrude. The global economy MUST crash because there are simply too many dollars "worth" of worthless assets gathering dust in the safes and hard drives and account ledgers of the world's financial instutions. Tens of Trillions of dollars worth! And no amount of mass hypnosis (in the form of 'pundits optimism'), or empty words (in the form of government guarantees on EVERYTHING), or spin can change reality. Get that? Reality cannot be changed.]]> Tue, 14 Oct 2008 10:12:03 -0400
There is a great Star Trek episode from the late 1960s entitled “Specter of the Gun”. Kirk, Spock, McCoy, Scotty and Chekhov are compelled to fight Wyatt Earp and his gang in a showdown at the O.K. Corral. Curious aliens have, of course, orchestrated the battle: some kind of a moral psychodrama. Anyway, in this episode Mr. Spock develops a “knock-out” gas from ingredients found in Doc Holiday’s office. The protagonists logically figure that if they can render the Earp Gang unconscious, then they won’t have to fight them at the O.K. Corral. (And as we know, the Earp’s defeat the Clanton’s at the gunfight at the O.K. Corral. And as Mr. Spock so aptly points out, “history cannot be changed.”)

All are certain that the gas will work; but just to be sure, Scotty volunteers to be the test subject for the agent. Spock, for one, is spellbound, when the potion fails to work. “Fascinating” he quips. Spock goes on to explain the enormity of this paradox. “The potion” he explains, “must work. By all laws we know, it simply cannot fail. And yet it has failed”. Spock goes on to theorize that a massive manipulation of the crew’s brain patterns must be occurring. He also explains that this knowledge, if used correctly, can save the crew from certain demise at the O.K Corral.

Back to 2008. At some point, the massive manipulation of our brains, orchestrated by Spanky Paulson and all of his uber-wealthy cronies, will end. Reality will intrude. The global economy MUST crash because there are simply too many dollars "worth" of worthless assets gathering dust in the safes and hard drives and account ledgers of the world's financial instutions. Tens of Trillions of dollars worth! And no amount of mass hypnosis (in the form of 'pundits optimism'), or empty words (in the form of government guarantees on EVERYTHING), or spin can change reality. Get that? Reality cannot be changed.]]> http://seekingalpha.com/article/99722-this-is-what-happens-when-everything-is-undervalued?source=feed#comment-282032 282032
There is a great Star Trek episode from the late 1960s entitled “Specter of the Gun”. Kirk, Spock, McCoy, Scotty and Chekhov are compelled to fight Wyatt Earp and his gang in a showdown at the O.K. Corral. Curious aliens have, of course, orchestrated the battle: some kind of a moral psychodrama. Anyway, in this episode Mr. Spock develops a “knock-out” gas from ingredients found in Doc Holiday’s office. The protagonists logically figure that if they can render the Earp Gang unconscious, then they won’t have to fight them at the O.K. Corral. (And as we know, the Earp’s defeat the Clanton’s at the gunfight at the O.K. Corral. And as Mr. Spock so aptly points out, “history cannot be changed.”)

All are certain that the gas will work; but just to be sure, Scotty volunteers to be the test subject for the agent. Spock, for one, is spellbound, when the potion fails to work. “Fascinating” he quips. Spock goes on to explain the enormity of this paradox. “The potion” he explains, “must work. By all laws we know, it simply cannot fail. And yet it has failed”. Spock goes on to theorize that a massive manipulation of the crew’s brain patterns must be occurring. He also explains that this knowledge, if used correctly, can save the crew from certain demise at the O.K Corral.

Back to 2008. At some point, the massive manipulation of our brains, orchestrated by Spanky Paulson and all of his uber-wealthy cronies, will end. Reality will intrude. The global economy MUST crash because there are simply too many dollars "worth" of worthless assets gathering dust in the safes and hard drives and account ledgers of the world's financial instutions. Tens of Trillions of dollars worth! And no amount of mass hypnosis (in the form of 'pundits optimism'), or empty words (in the form of government guarantees on EVERYTHING), or spin can change reality. Get that? Reality cannot be changed.]]> Tue, 14 Oct 2008 10:11:18 -0400
There is a great Star Trek episode from the late 1960s entitled “Specter of the Gun”. Kirk, Spock, McCoy, Scotty and Chekhov are compelled to fight Wyatt Earp and his gang in a showdown at the O.K. Corral. Curious aliens have, of course, orchestrated the battle: some kind of a moral psychodrama. Anyway, in this episode Mr. Spock develops a “knock-out” gas from ingredients found in Doc Holiday’s office. The protagonists logically figure that if they can render the Earp Gang unconscious, then they won’t have to fight them at the O.K. Corral. (And as we know, the Earp’s defeat the Clanton’s at the gunfight at the O.K. Corral. And as Mr. Spock so aptly points out, “history cannot be changed.”)

All are certain that the gas will work; but just to be sure, Scotty volunteers to be the test subject for the agent. Spock, for one, is spellbound, when the potion fails to work. “Fascinating” he quips. Spock goes on to explain the enormity of this paradox. “The potion” he explains, “must work. By all laws we know, it simply cannot fail. And yet it has failed”. Spock goes on to theorize that a massive manipulation of the crew’s brain patterns must be occurring. He also explains that this knowledge, if used correctly, can save the crew from certain demise at the O.K Corral.

Back to 2008. At some point, the massive manipulation of our brains, orchestrated by Spanky Paulson and all of his uber-wealthy cronies, will end. Reality will intrude. The global economy MUST crash because there are simply too many dollars "worth" of worthless assets gathering dust in the safes and hard drives and account ledgers of the world's financial instutions. Tens of Trillions of dollars worth! And no amount of mass hypnosis (in the form of 'pundits optimism'), or empty words (in the form of government guarantees on EVERYTHING), or spin can change reality. Get that? Reality cannot be changed.]]> http://seekingalpha.com/article/99708-maximizing-profit-vs-maximizing-survival?source=feed#comment-282029 282029
Toxic “assets” in the tens of TRILLIONS of dollars fill the casks and vaults and safes and basements of the world’s major financial institutions. Worthless pieces of paper that, when exposed to the light of day, will bring the global economy as we know it to its knees. There is no escaping this reality. None. The laws of nature will eventually pull the curtain back on the Oz-like charade that is being played out in Washington and Paris and London and Berlin, and the global economy will shatter.

And so in the intervening days/weeks/months, Paulson and Bush and all of their minions pump trillions of dollars of “money” into these so-called “healthy” institutions in order to loosen the credit market so that, at least for the time being, things regain the appearance of a recovery. And an election takes place next month, and the DOW “rebounds” to about 10,400 give or take, and a few of the largest banks begin easing credit restrictions and reluctance to take on risk, and all seems to be moving in the direction of eventual better times. And yes, recession exists, and the economy is tight, and jobs are lost, but the new President goes on TV and tells the people that, while times are tough, we are a strong people, and we will recover. (Meanwhile Bush and Paulson and their minions have moved to a small island off of the coats of Costa Rica and hired Blackwater to protect them from the rest of the world.)

But soon thereafter, at some unknown moment in time, all of the fake money, the supposed assets and capital that the Bushies have pumped into the system---all of the trillions of dollars in guarantees promised by the countries of the EU to their financial institutions---all of these monies become exposed for what they really are---MORE DEBT. More lies, falsehoods, specters. Trillions of dollars THAT DO NOT IN FACT EXIST, loaned to banks and insurance companies and auto makers in “hopes” that they, somehow, will be able to make some money and build capital that, at this point, is simply a wraith in the night. But of course this plan fails. It must fail. It is just another layer of the grand ponzy scheme of the millennium, perpetrated on the people of the Earth by a handful of greed-mongering bastards and sons-of-bitches.

By way of metaphor, this situation is akin to building a tower on unsteady ground, and instead of deconstructing the tower and starting again, you simply make the tower taller and claim to the people that this truly is the most wonderous tower in the world, a monument to the strength and resolve of the people. But it must fall. The laws of physics demand it. And the same is true of our current economic joke.

And so I sit here and watch economist after economist, legislator after legislator, president after prime minister after finance minister, claim that the plan “will” work. And they are all lying. ]]> Tue, 14 Oct 2008 10:09:16 -0400
Toxic “assets” in the tens of TRILLIONS of dollars fill the casks and vaults and safes and basements of the world’s major financial institutions. Worthless pieces of paper that, when exposed to the light of day, will bring the global economy as we know it to its knees. There is no escaping this reality. None. The laws of nature will eventually pull the curtain back on the Oz-like charade that is being played out in Washington and Paris and London and Berlin, and the global economy will shatter.

And so in the intervening days/weeks/months, Paulson and Bush and all of their minions pump trillions of dollars of “money” into these so-called “healthy” institutions in order to loosen the credit market so that, at least for the time being, things regain the appearance of a recovery. And an election takes place next month, and the DOW “rebounds” to about 10,400 give or take, and a few of the largest banks begin easing credit restrictions and reluctance to take on risk, and all seems to be moving in the direction of eventual better times. And yes, recession exists, and the economy is tight, and jobs are lost, but the new President goes on TV and tells the people that, while times are tough, we are a strong people, and we will recover. (Meanwhile Bush and Paulson and their minions have moved to a small island off of the coats of Costa Rica and hired Blackwater to protect them from the rest of the world.)

But soon thereafter, at some unknown moment in time, all of the fake money, the supposed assets and capital that the Bushies have pumped into the system---all of the trillions of dollars in guarantees promised by the countries of the EU to their financial institutions---all of these monies become exposed for what they really are---MORE DEBT. More lies, falsehoods, specters. Trillions of dollars THAT DO NOT IN FACT EXIST, loaned to banks and insurance companies and auto makers in “hopes” that they, somehow, will be able to make some money and build capital that, at this point, is simply a wraith in the night. But of course this plan fails. It must fail. It is just another layer of the grand ponzy scheme of the millennium, perpetrated on the people of the Earth by a handful of greed-mongering bastards and sons-of-bitches.

By way of metaphor, this situation is akin to building a tower on unsteady ground, and instead of deconstructing the tower and starting again, you simply make the tower taller and claim to the people that this truly is the most wonderous tower in the world, a monument to the strength and resolve of the people. But it must fall. The laws of physics demand it. And the same is true of our current economic joke.

And so I sit here and watch economist after economist, legislator after legislator, president after prime minister after finance minister, claim that the plan “will” work. And they are all lying. ]]> http://seekingalpha.com/article/99661-high-volatility-systemic-risk-inconsistent-alpha-the-new-vocabulary-of-long-only-investing?source=feed#comment-282028 282028
Toxic “assets” in the tens of TRILLIONS of dollars fill the casks and vaults and safes and basements of the world’s major financial institutions. Worthless pieces of paper that, when exposed to the light of day, will bring the global economy as we know it to its knees. There is no escaping this reality. None. The laws of nature will eventually pull the curtain back on the Oz-like charade that is being played out in Washington and Paris and London and Berlin, and the global economy will shatter.

And so in the intervening days/weeks/months, Paulson and Bush and all of their minions pump trillions of dollars of “money” into these so-called “healthy” institutions in order to loosen the credit market so that, at least for the time being, things regain the appearance of a recovery. And an election takes place next month, and the DOW “rebounds” to about 10,400 give or take, and a few of the largest banks begin easing credit restrictions and reluctance to take on risk, and all seems to be moving in the direction of eventual better times. And yes, recession exists, and the economy is tight, and jobs are lost, but the new President goes on TV and tells the people that, while times are tough, we are a strong people, and we will recover. (Meanwhile Bush and Paulson and their minions have moved to a small island off of the coats of Costa Rica and hired Blackwater to protect them from the rest of the world.)

But soon thereafter, at some unknown moment in time, all of the fake money, the supposed assets and capital that the Bushies have pumped into the system---all of the trillions of dollars in guarantees promised by the countries of the EU to their financial institutions---all of these monies become exposed for what they really are---MORE DEBT. More lies, falsehoods, specters. Trillions of dollars THAT DO NOT IN FACT EXIST, loaned to banks and insurance companies and auto makers in “hopes” that they, somehow, will be able to make some money and build capital that, at this point, is simply a wraith in the night. But of course this plan fails. It must fail. It is just another layer of the grand ponzy scheme of the millennium, perpetrated on the people of the Earth by a handful of greed-mongering bastards and sons-of-bitches.

By way of metaphor, this situation is akin to building a tower on unsteady ground, and instead of deconstructing the tower and starting again, you simply make the tower taller and claim to the people that this truly is the most wonderous tower in the world, a monument to the strength and resolve of the people. But it must fall. The laws of physics demand it. And the same is true of our current economic joke.

And so I sit here and watch economist after economist, legislator after legislator, president after prime minister after finance minister, claim that the plan “will” work. And they are all lying. ]]> Tue, 14 Oct 2008 10:08:06 -0400
Toxic “assets” in the tens of TRILLIONS of dollars fill the casks and vaults and safes and basements of the world’s major financial institutions. Worthless pieces of paper that, when exposed to the light of day, will bring the global economy as we know it to its knees. There is no escaping this reality. None. The laws of nature will eventually pull the curtain back on the Oz-like charade that is being played out in Washington and Paris and London and Berlin, and the global economy will shatter.

And so in the intervening days/weeks/months, Paulson and Bush and all of their minions pump trillions of dollars of “money” into these so-called “healthy” institutions in order to loosen the credit market so that, at least for the time being, things regain the appearance of a recovery. And an election takes place next month, and the DOW “rebounds” to about 10,400 give or take, and a few of the largest banks begin easing credit restrictions and reluctance to take on risk, and all seems to be moving in the direction of eventual better times. And yes, recession exists, and the economy is tight, and jobs are lost, but the new President goes on TV and tells the people that, while times are tough, we are a strong people, and we will recover. (Meanwhile Bush and Paulson and their minions have moved to a small island off of the coats of Costa Rica and hired Blackwater to protect them from the rest of the world.)

But soon thereafter, at some unknown moment in time, all of the fake money, the supposed assets and capital that the Bushies have pumped into the system---all of the trillions of dollars in guarantees promised by the countries of the EU to their financial institutions---all of these monies become exposed for what they really are---MORE DEBT. More lies, falsehoods, specters. Trillions of dollars THAT DO NOT IN FACT EXIST, loaned to banks and insurance companies and auto makers in “hopes” that they, somehow, will be able to make some money and build capital that, at this point, is simply a wraith in the night. But of course this plan fails. It must fail. It is just another layer of the grand ponzy scheme of the millennium, perpetrated on the people of the Earth by a handful of greed-mongering bastards and sons-of-bitches.

By way of metaphor, this situation is akin to building a tower on unsteady ground, and instead of deconstructing the tower and starting again, you simply make the tower taller and claim to the people that this truly is the most wonderous tower in the world, a monument to the strength and resolve of the people. But it must fall. The laws of physics demand it. And the same is true of our current economic joke.

And so I sit here and watch economist after economist, legislator after legislator, president after prime minister after finance minister, claim that the plan “will” work. And they are all lying. ]]> http://seekingalpha.com/article/99670-the-u-k-plan-looks-smart?source=feed#comment-282027 282027
Toxic “assets” in the tens of TRILLIONS of dollars fill the casks and vaults and safes and basements of the world’s major financial institutions. Worthless pieces of paper that, when exposed to the light of day, will bring the global economy as we know it to its knees. There is no escaping this reality. None. The laws of nature will eventually pull the curtain back on the Oz-like charade that is being played out in Washington and Paris and London and Berlin, and the global economy will shatter.

And so in the intervening days/weeks/months, Paulson and Bush and all of their minions pump trillions of dollars of “money” into these so-called “healthy” institutions in order to loosen the credit market so that, at least for the time being, things regain the appearance of a recovery. And an election takes place next month, and the DOW “rebounds” to about 10,400 give or take, and a few of the largest banks begin easing credit restrictions and reluctance to take on risk, and all seems to be moving in the direction of eventual better times. And yes, recession exists, and the economy is tight, and jobs are lost, but the new President goes on TV and tells the people that, while times are tough, we are a strong people, and we will recover. (Meanwhile Bush and Paulson and their minions have moved to a small island off of the coats of Costa Rica and hired Blackwater to protect them from the rest of the world.)

But soon thereafter, at some unknown moment in time, all of the fake money, the supposed assets and capital that the Bushies have pumped into the system---all of the trillions of dollars in guarantees promised by the countries of the EU to their financial institutions---all of these monies become exposed for what they really are---MORE DEBT. More lies, falsehoods, specters. Trillions of dollars THAT DO NOT IN FACT EXIST, loaned to banks and insurance companies and auto makers in “hopes” that they, somehow, will be able to make some money and build capital that, at this point, is simply a wraith in the night. But of course this plan fails. It must fail. It is just another layer of the grand ponzy scheme of the millennium, perpetrated on the people of the Earth by a handful of greed-mongering bastards and sons-of-bitches.

By way of metaphor, this situation is akin to building a tower on unsteady ground, and instead of deconstructing the tower and starting again, you simply make the tower taller and claim to the people that this truly is the most wonderous tower in the world, a monument to the strength and resolve of the people. But it must fall. The laws of physics demand it. And the same is true of our current economic joke.

And so I sit here and watch economist after economist, legislator after legislator, president after prime minister after finance minister, claim that the plan “will” work. And they are all lying. ]]> Tue, 14 Oct 2008 10:07:37 -0400
Toxic “assets” in the tens of TRILLIONS of dollars fill the casks and vaults and safes and basements of the world’s major financial institutions. Worthless pieces of paper that, when exposed to the light of day, will bring the global economy as we know it to its knees. There is no escaping this reality. None. The laws of nature will eventually pull the curtain back on the Oz-like charade that is being played out in Washington and Paris and London and Berlin, and the global economy will shatter.

And so in the intervening days/weeks/months, Paulson and Bush and all of their minions pump trillions of dollars of “money” into these so-called “healthy” institutions in order to loosen the credit market so that, at least for the time being, things regain the appearance of a recovery. And an election takes place next month, and the DOW “rebounds” to about 10,400 give or take, and a few of the largest banks begin easing credit restrictions and reluctance to take on risk, and all seems to be moving in the direction of eventual better times. And yes, recession exists, and the economy is tight, and jobs are lost, but the new President goes on TV and tells the people that, while times are tough, we are a strong people, and we will recover. (Meanwhile Bush and Paulson and their minions have moved to a small island off of the coats of Costa Rica and hired Blackwater to protect them from the rest of the world.)

But soon thereafter, at some unknown moment in time, all of the fake money, the supposed assets and capital that the Bushies have pumped into the system---all of the trillions of dollars in guarantees promised by the countries of the EU to their financial institutions---all of these monies become exposed for what they really are---MORE DEBT. More lies, falsehoods, specters. Trillions of dollars THAT DO NOT IN FACT EXIST, loaned to banks and insurance companies and auto makers in “hopes” that they, somehow, will be able to make some money and build capital that, at this point, is simply a wraith in the night. But of course this plan fails. It must fail. It is just another layer of the grand ponzy scheme of the millennium, perpetrated on the people of the Earth by a handful of greed-mongering bastards and sons-of-bitches.

By way of metaphor, this situation is akin to building a tower on unsteady ground, and instead of deconstructing the tower and starting again, you simply make the tower taller and claim to the people that this truly is the most wonderous tower in the world, a monument to the strength and resolve of the people. But it must fall. The laws of physics demand it. And the same is true of our current economic joke.

And so I sit here and watch economist after economist, legislator after legislator, president after prime minister after finance minister, claim that the plan “will” work. And they are all lying. ]]> http://seekingalpha.com/article/99742-the-weakness-of-the-treasury-s-new-bailout-plan?source=feed#comment-282026 282026
Toxic “assets” in the tens of TRILLIONS of dollars fill the casks and vaults and safes and basements of the world’s major financial institutions. Worthless pieces of paper that, when exposed to the light of day, will bring the global economy as we know it to its knees. There is no escaping this reality. None. The laws of nature will eventually pull the curtain back on the Oz-like charade that is being played out in Washington and Paris and London and Berlin, and the global economy will shatter.

And so in the intervening days/weeks/months, Paulson and Bush and all of their minions pump trillions of dollars of “money” into these so-called “healthy” institutions in order to loosen the credit market so that, at least for the time being, things regain the appearance of a recovery. And an election takes place next month, and the DOW “rebounds” to about 10,400 give or take, and a few of the largest banks begin easing credit restrictions and reluctance to take on risk, and all seems to be moving in the direction of eventual better times. And yes, recession exists, and the economy is tight, and jobs are lost, but the new President goes on TV and tells the people that, while times are tough, we are a strong people, and we will recover. (Meanwhile Bush and Paulson and their minions have moved to a small island off of the coats of Costa Rica and hired Blackwater to protect them from the rest of the world.)

But soon thereafter, at some unknown moment in time, all of the fake money, the supposed assets and capital that the Bushies have pumped into the system---all of the trillions of dollars in guarantees promised by the countries of the EU to their financial institutions---all of these monies become exposed for what they really are---MORE DEBT. More lies, falsehoods, specters. Trillions of dollars THAT DO NOT IN FACT EXIST, loaned to banks and insurance companies and auto makers in “hopes” that they, somehow, will be able to make some money and build capital that, at this point, is simply a wraith in the night. But of course this plan fails. It must fail. It is just another layer of the grand ponzy scheme of the millennium, perpetrated on the people of the Earth by a handful of greed-mongering bastards and sons-of-bitches.

By way of metaphor, this situation is akin to building a tower on unsteady ground, and instead of deconstructing the tower and starting again, you simply make the tower taller and claim to the people that this truly is the most wonderous tower in the world, a monument to the strength and resolve of the people. But it must fall. The laws of physics demand it. And the same is true of our current economic joke.

And so I sit here and watch economist after economist, legislator after legislator, president after prime minister after finance minister, claim that the plan “will” work. And they are all lying. ]]> Tue, 14 Oct 2008 10:06:52 -0400
Toxic “assets” in the tens of TRILLIONS of dollars fill the casks and vaults and safes and basements of the world’s major financial institutions. Worthless pieces of paper that, when exposed to the light of day, will bring the global economy as we know it to its knees. There is no escaping this reality. None. The laws of nature will eventually pull the curtain back on the Oz-like charade that is being played out in Washington and Paris and London and Berlin, and the global economy will shatter.

And so in the intervening days/weeks/months, Paulson and Bush and all of their minions pump trillions of dollars of “money” into these so-called “healthy” institutions in order to loosen the credit market so that, at least for the time being, things regain the appearance of a recovery. And an election takes place next month, and the DOW “rebounds” to about 10,400 give or take, and a few of the largest banks begin easing credit restrictions and reluctance to take on risk, and all seems to be moving in the direction of eventual better times. And yes, recession exists, and the economy is tight, and jobs are lost, but the new President goes on TV and tells the people that, while times are tough, we are a strong people, and we will recover. (Meanwhile Bush and Paulson and their minions have moved to a small island off of the coats of Costa Rica and hired Blackwater to protect them from the rest of the world.)

But soon thereafter, at some unknown moment in time, all of the fake money, the supposed assets and capital that the Bushies have pumped into the system---all of the trillions of dollars in guarantees promised by the countries of the EU to their financial institutions---all of these monies become exposed for what they really are---MORE DEBT. More lies, falsehoods, specters. Trillions of dollars THAT DO NOT IN FACT EXIST, loaned to banks and insurance companies and auto makers in “hopes” that they, somehow, will be able to make some money and build capital that, at this point, is simply a wraith in the night. But of course this plan fails. It must fail. It is just another layer of the grand ponzy scheme of the millennium, perpetrated on the people of the Earth by a handful of greed-mongering bastards and sons-of-bitches.

By way of metaphor, this situation is akin to building a tower on unsteady ground, and instead of deconstructing the tower and starting again, you simply make the tower taller and claim to the people that this truly is the most wonderous tower in the world, a monument to the strength and resolve of the people. But it must fall. The laws of physics demand it. And the same is true of our current economic joke.

And so I sit here and watch economist after economist, legislator after legislator, president after prime minister after finance minister, claim that the plan “will” work. And they are all lying. ]]> http://seekingalpha.com/article/99691-first-glimmers-of-optimism?source=feed#comment-281263 281263
I'm optimistic about losing 20 pounds from my waist. I go for walks everyday. I eat vegetables. Everyone can see I'm optimistic. At night, when no one is looking, I eat a two pound bag of M&Ms. At some point people are going to begin to wonder why I continue to seem so optimistic, and yet I am only gaining weight, not losing it. I keep smiling. I'm now 40 pounds overweight. People are getting really spooked by my odd behavior and dimpled grin. I'm fat. Ooops, I had a heart attack and died, but I died with a smile on my face, optimistic to the end.

Here's the thing...and I am admittedly awed---like, not in a good way but in a stunned-by-it-all way---by all of the "optimism" and talk of turnarounds and "greasing" the wheels of the short term debt market, etc.

Virtually all of the financial institutions in the world have vaults full of worthless "assets", trillions of dollars "worth" of NOTHING! And so the governments of the world make all of these life saving guarantees, and the markets turn green, and smiles abound on the floors of the Markets, and the world is on the right track!!

Oh wait. Doesn't all of this bad paper eventually have to come to light? It cannot simply disappear. It cannot be purchased away by government guarantees---when in fact these governments are in the red as well. At some point, reality must win out.

Does anyone watch Star Trek?

There is a great Star Trek episode from the late 1960s entitled “Specter of the Gun”. Kirk, Spock, McCoy, Scotty and Chekhov are compelled to fight Wyatt Earp and his gang in a showdown at the O.K. Corral. Curious aliens have, of course, orchestrated the battle: some kind of a moral psychodrama. Anyway, in this episode Mr. Spock develops a “knock-out” gas from ingredients found in Doc Holiday’s office. The protagonists logically figure that if they can render the Earp Gang unconscious, then they won’t have to fight them at the O.K. Corral. (And as we know, the Earp’s defeat the Clanton’s at the gunfight at the O.K. Corral. And as Mr. Spock so aptly points out, “history cannot be changed.”)

All are certain that the gas will work; but just to be sure, Scotty volunteers to be the test subject for the agent. Spock, for one, is spellbound, when the potion fails to work. “Fascinating” he quips. Spock goes on to explain the enormity of this paradox. “The potion” he explains, “must work. By all laws we know, it simply cannot fail. And yet it has failed”. Spock goes on to theorize that a massive manipulation of the crew’s brain patterns must be occurring. He also explains that this knowledge, if used correctly, can save the crew from certain demise at the O.K Corral.

Back to 2008. At some point, the massive manipulation of our brains, orchestrated by Spanky Paulson and all of his uber-wealthy cronies, will end. Reality will intrude. The global economy MUST crash because there are simply too many dollars "worth" of worthless assets...and no amount of mass hypnosis or empty words or spin can change reality.]]> Mon, 13 Oct 2008 10:46:29 -0400
I'm optimistic about losing 20 pounds from my waist. I go for walks everyday. I eat vegetables. Everyone can see I'm optimistic. At night, when no one is looking, I eat a two pound bag of M&Ms. At some point people are going to begin to wonder why I continue to seem so optimistic, and yet I am only gaining weight, not losing it. I keep smiling. I'm now 40 pounds overweight. People are getting really spooked by my odd behavior and dimpled grin. I'm fat. Ooops, I had a heart attack and died, but I died with a smile on my face, optimistic to the end.

Here's the thing...and I am admittedly awed---like, not in a good way but in a stunned-by-it-all way---by all of the "optimism" and talk of turnarounds and "greasing" the wheels of the short term debt market, etc.

Virtually all of the financial institutions in the world have vaults full of worthless "assets", trillions of dollars "worth" of NOTHING! And so the governments of the world make all of these life saving guarantees, and the markets turn green, and smiles abound on the floors of the Markets, and the world is on the right track!!

Oh wait. Doesn't all of this bad paper eventually have to come to light? It cannot simply disappear. It cannot be purchased away by government guarantees---when in fact these governments are in the red as well. At some point, reality must win out.

Does anyone watch Star Trek?

There is a great Star Trek episode from the late 1960s entitled “Specter of the Gun”. Kirk, Spock, McCoy, Scotty and Chekhov are compelled to fight Wyatt Earp and his gang in a showdown at the O.K. Corral. Curious aliens have, of course, orchestrated the battle: some kind of a moral psychodrama. Anyway, in this episode Mr. Spock develops a “knock-out” gas from ingredients found in Doc Holiday’s office. The protagonists logically figure that if they can render the Earp Gang unconscious, then they won’t have to fight them at the O.K. Corral. (And as we know, the Earp’s defeat the Clanton’s at the gunfight at the O.K. Corral. And as Mr. Spock so aptly points out, “history cannot be changed.”)

All are certain that the gas will work; but just to be sure, Scotty volunteers to be the test subject for the agent. Spock, for one, is spellbound, when the potion fails to work. “Fascinating” he quips. Spock goes on to explain the enormity of this paradox. “The potion” he explains, “must work. By all laws we know, it simply cannot fail. And yet it has failed”. Spock goes on to theorize that a massive manipulation of the crew’s brain patterns must be occurring. He also explains that this knowledge, if used correctly, can save the crew from certain demise at the O.K Corral.

Back to 2008. At some point, the massive manipulation of our brains, orchestrated by Spanky Paulson and all of his uber-wealthy cronies, will end. Reality will intrude. The global economy MUST crash because there are simply too many dollars "worth" of worthless assets...and no amount of mass hypnosis or empty words or spin can change reality.]]>