lilimarlene1

China Stockpiles TIPS, Anticipates Commodities Bubble

Great post. Thank you. Bush will look like a genius when this all plays out. I was having dinner with three delightful, liberal Jewish men the other night. New Yorkers. I am huge fans of their's but am flummoxed by their disdain for the right, their still obsessive despising of Bush. Their clain the war was: a. for oil, b. for revenge for Bush 41, c. nation building. I, a conservative republican woman, held my tongue, but was amazed when they started ranting at the tax rate the Joker has or will fix them with. They don't like this guy anymore. At all. And they were extreme members of his base and big funders. Interestings times.


On Aug 07 10:40 AM Reardon Steel wrote:

> Looking out over the 5-10 year time horizon based on the current
> projections of US national debt exceeding 2 trillion dollars by years
> end while COTUS & POTUS working OT to add another couple trillion
> worth of unfunded liabilities in the coming months some things begin
> to appear inevitable. The estimates vary wildly but the projected
> national deficit figures thru 2018 range between 8-20 trillion dollars
> depending on whose crunching the numbers so generally one would be
> safe to assume that somewhere in the midrange is most likely more
> accurate. Throwing out the old axiom that figures can't lie but
> liars can figure that applies to the forecasters projecting the low
> end 8 trillion and the high end 20 trillion as tainted by political
> partisanship and acting as though the 8 trillion dollar figure is
> the bald face lie pumped out by the Whitehouse provides little solace.
> Having turned a blind eye to the outright lie that is the Whitehouse's
> absurd estimate of debt and ignoring the factual evidence to the
> contrary of an 8 trillion dollar deficit based on fictions and fraud
> that would have made Bernard Maddof blush, let us go further still.
> Let's pretend that the 8 trillion was a good faith estimate from
> an administration who gave a damn about the wreckage of the country
> left in the wake of it's reckless and irresponsible leadership so
> that the 8 trillion was based on worst case scenario estimates.
> Supposing then that the worst case scenario does not transpire we
> can safely reduce that estimate a hefty 25% to a mere 6 trillion
> dollar national debt by 2018. Finally let's take the economic buffoonery,
> ignorance, and outright stupidity that is masquerading as an economic
> policy for the current administration and encouraging the most rabid
> of lunatics in Congress to pile on even more economic fertilizer
> one heap after another and treat it as if sound minded adults had
> put a real economic plan in place. Rather than "Economists" like
> Paul Krugman with oatmeal dripping down thier chin's as they slapped
> together a collage of pork, waste and fraud, with thier helmets safely
> buckled in place, before dumping thier economic offal upon the country
> we'll pretend real economists where behind this plan. Let's also
> say that they dreamt up the most brilliant economic policy in ages
> and once in place our economy saw immediate robust growth of 4% per
> year for the next decade. Even given all of these concessions to
> the detriment of logic, rational thinking and sanity itself to create
> the greatest economic boom in history to try and offset the problematic
> trillions and trillions in debt that have been run up over the last
> 8 months there still exists a fatal flaw. That being the still total
> impossibility of managing such a bankrupting debt load without printing
> up several trillion dollars hot of the press to clear it up. The
> thing about dumping 3 or four or even 5 trillion extra dollars into
> the economy in this manner is that it has inflationary implications
> of the hyper species last seen working it's magic in the Weimar Republic
> in the early 20th century to less than stellar results. To boil
> it down the value of thier currency the Papiermark went from 4.2
> per US dollar at the outbreak of WWI to a more numerous 1 million
> Papiermarks needed to equal 1 US dollar by August of 1923 which is
> known as hyperinflation. In other words the Chinese had better hoard
> every commodity they can get thier hands on because even the wiliest
> of poker players stand no chance to win when the stakes thier playing
> for aren't worth a roll of outhouse wallpaper at the end of the game.
> I have never wanted to be more wrong about something than I have
> what I see as an almost unavoidable hyperinflationary cataclysm in
> America's distant future if the insanity and profligate spending
> of trillions of dollars we do not have and have no way of paying
> for is not brought to a crashing halt and the process reversed very
> soon. After 8 years of watching with disgust as President Bush ran
> up a 1 trillion dollar deficit I never could have imagined President
> Obama could be such an incomprehensible jackass as to have done in
> 8 months what Bush took eight years to do. Staring down the line
> of zeroes behind the 2 in trillion has made me realize that there
> are jackasses like Bush and then there are messianic jackasses like
> Obama with celestial abilities bringing incompetence, idiocy, reckless
> indifference and stupidity from another galaxy the likes of which
> the earth has never before known. I never would have believed I
> would find myself missing President Bush let alone President Clinton
> but I sure do miss them now. Cheers.

Don't Be Scammed by Madoff Investor Sob Stories

As to not wanting Grandparents to live on $2500. a month? Well, they still would get social security. And of course there is a reverse mortgage.

That ought to pop them up to about $6500. a month. Not rich; certainly comfortable. There's cable tv, decent food, a healthclub membership, and a night out on the town occasionally. Not bad!

On Dec 21 06:01 PM Jim G. wrote:

> PBB, you raise good points. However, I think it's time the wealthy
> learn to live in a tough love world the way they are fond of lecturing
> to those who are beneth them.
>
> I really do feel badly for those individuals and investors and charities
> that lost big in this fraud, even though it doesn't sound like it.
> I'm tired of throwing tax dollars at the finance industry (including
> their greedy, inept, and highly overcompensated execs) , auto companies,
> and any other of the power elite who is "too large to fail." If
> I lose all my money to a huckster, I'm not too big to fail, and the
> top 1% in this country would let me sink like a stone (after expressing
> regret that I didn't know any better and will have to live with the
> consequences...tough love). They wouldn't give a rat's you know
> what how I would survive through my retirement years.
>
> I suspect that ultimate irony here is the anticipated change in attitude
> of the formerly rich regarding the importance of the middle class
> they've been sneering at for so long.
>
> So...for anyone unfortunate enough to join us in the imperiled middle
> class, I truly am sorry. Good luck. Same goes for their heirs.

>
>
>
> On Dec 21 05:27 PM PBB wrote:

Major Two Day Rally: Hold Steady

Lobster is simply not drinking your Koolaid. Your Goebbel like lies have been repeated often enough. The fact is, we are not universally hated. Poland, Czech Republic, many emerging Eastern Blocs, not to mention Africa-where Bush did what Clinton did not: helped the people there suffering AIDS.

India doesn't hate Bush. Brazil doesn't hate Bush. France and other elites from the Old Europe and our media: they hate Bush. The incessant partisan hacking from our media for the last eight years was such that FCC liscenses should be pulled from the likes of MSNBC. Oh, a GE by-product.

What is hated is the unbelievable mainstream media. Hear that flushing sound? Yes, that's the New York Times, a leftist rag go the way of the buggy whip: utterly useless.

When China and/or Russian want to team with Iran and lob nukes our way; when Russia is drilling off the Florida coast; then Bush will seem like a genius and Obama the truly empty suit surrounded by idiots who did'nt know how to fight terrorism then and only know how to hand out bailout money to fat cats and Acorn. A pox on all three houses!

On Nov 25 09:23 AM wpdragon wrote:

> lobster, don't you EVER dare tell people what to remember... we all
> remember that day, when the world stood on OUR side.
>
> Then a moron in the white house with the backing of a greedy republican
> owned congress and the oil lobby used outright lies and bullying
> to start a war that had nothing whatsoever to do with what happened
> on 9/11/2001... and we are the much poorer both financially, constitutionally
> and in the eyes of the world for their despicable acts of cowardice
> and greed.
>
> That is something I hope and pray we ALL remember as long as we still
> have a democratic republic to live in... so don't YOU ever forget
> that.