know nothing

Wall Street Breakfast: Must-Know News

I don't think the wealhty mind paying their way, but whats troubling is the bailout packages, for the to big to fail. There should be no such thing as to big to fail. If a corporation can not turn a profit, then it needs to be allowed to fail. Especially when greed was the leading reason for the buisness failing in the first place, bailing them out, thats rewarding bad behavior. I agree with you that the middle class has shouldered more than their share of the burden, but without a buisness to pay the middle class, we have neither, and that is even more troubling for our future. One thing is for sure, we have a problem with the goverment throwing our money out the window, don't you think there should have been some disclosures made by the banks before the goverment handed them the taxpayer money? Now they organize a stress test for the biggest banks? After we have spent billions on them already? The goverment passing stimulus packages, without so much as reading their content of the stimulus package? This is very troubling to me, and it should be troubling to the rest of the country. Thank you.


On Mar 03 02:36 PM Shaggieman wrote:

> know nothing: I here what your saying and I commend you for your
> hard work but do you realize the middle class, or what's left of
> it, has been supporting this group for a long while now. What's different
> is the new administration is asking the very well off to put the
> same amount in the pot as they did during the Clinton years; the
> last time we had a balanced budget.
>
> I believe "the Iraq wars" the problem and if we had a constitutional
> amendment stating "NO WARS OR INSURECTIONS WITHOUT A MANDATORY 10%
> TAX INCREASE" we wouldn't be in the poor financial shape we're in
> today and having to ask folks like you to please pay a little more.
> This amendment would have forced all America to feel a small part
> the pain our solders have been feeling everyday.

Wall Street Breakfast: Must-Know News

Odd? This was my original blog this morning but it no longer show up on my computer? So here it is again, enjoy

This is a quote worth reading and holding onto...let it sink in!

"You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it."

Wall Street Breakfast: Must-Know News

Thank you for your vote of confidence, I am truely flattered. Sometimes people exaggerate, out of frustration. I have a daughter in her freshman year in college, and I do wish to make an impact on her life, therefore I need to set an example. Leaving or running from hard times are not in my nature. I will be in this country long enough to try and help make a change for the better. To try and educate all I touch, that together as a team, as a nation united, we have hope, fore there is strength in numbers. We the people need to band together now more than ever before in the history of our country, or we will surely perish as a free nation.

The class warfare is my biggest fear, we can not afford to divide this great nation, by putting the less fortunate against the more fortunate. Most of the wealhty have not taken from the poor for their own gain. With the exception of some less than honest, politicians, bankers,mortgage lenders, who would stop at nothing for their own personal gain. Most wealthy people in my experience, work longer hours, make larger personal sacrifices, make more commitment to those around them,take more risk in the buisness world, have more desire to achieve than others. This is neither good or bad, this doesn't make the buisnessman any better or any worse than the the employee. This is what comes out of a free capitolist society. Those who chose to live this life can, and those who don't want the responsibility, or stress, can work a 8 hour day and go home and not have to worry about anything the rest of the evening. Thats what makes this, the best country in the world.
But the resentment and hostility, that has shown itself as of late, is not the solution. Pehaps it was the Baptist minister that influenced peoples vote, so be it, if it's fact and something I believe in , then it's needs to be disclosed. I don't write on here for the thumbs up or thumbs down, rather I wish to share my opinion and give people another perspective on the challanging enviroment we now face. Thank you and have a great day!


On Mar 03 01:48 PM hpcooperjon wrote:

> Knownothing, I really appreciated your comment that was first made
> by Dr. Rogers. My surprise is that more negative votes showed up
> than positive despite the sentiment is overwhemingly that of the
> majority. Are they turned off by comments from a Baptist preacher?
> Possibly. I fully sympathize with your situation and wish you well,
> however I do take exception with your anticipated flight from your
> country. You have every right to do that and the means, I'm sure,
> but you know the vast majority of your countryman have to stay here
> and take whatever comes. People like you could possibly turn your
> talents and ambitions into benevolence and love which will be very
> much needed in the near future. I pray you will reconsider. The recovery
> will have to be accomplished by people like you who will take the
> moral high road.

How Much Downside Could Still Exist?

It seems as though you are disturbed by someone who is just stating the facts, rather than be envious, resentful, or hateful, wouldn't it be better to be thankful for people who are willing to make such a large commitment, and in doing so , we allow people like you to make your trailer payments, monster truck payments, and buy more guns! The facts,please, only the facts.


On Mar 03 12:55 PM plumstupid wrote:

> Actually, I am even ore offended by those that have attained a modicum
> of success and suddenly think they are better than where the came
> from. Just me, I could be wrong.

Wall Street Breakfast: Must-Know News

John, my friend, I couldn't agree more! it's nice to know their are a few people left in this country with integrity! English as the primary langauge is a must, They wanted to come to america, to be an american, so support america, learn english or go back where you came from!


I would like to remember back to when if a member of the U.S. goverment was accussed of tax evasion, adultery, using illegal drugs, lieing, ....ect, his career as a politician was over, but not today, the bigger the crook, the faster they get elected and the longer they stay in office. What a shame! I believe that we are all headed for class warfare, the people that work hard and have achievements to be proud of, and then those who never want to do anything to help themselves, and blame the successful people for what they don't have! The new president, is helping instill this in the poor everytime he speaks, he imply's that the people who have accomplished something in their lives, have done it at everyone elses expense. Thats wrong ! I could go on and on, but I've already found there are alot of people on this blog that disagree with my thinking, and I believe the things they write confirms the resentment that the poor have toward others. It's not a matter of if we have class warfare, I believe it's a matter of when! If those same angry people were smart enough to realize that the goverment with all the false promises and lies were the problem,and focus their rage on the corrupt goverment politicians, we could actually unite again and accomplish something that would secure our children's and grand children's future.

Have a great day John, hope to hear from you again soon.
On Mar 03 12:43 PM jrheintz wrote:

> know nothing;
>
> You and I come from the same mold, we have the same attitude about
> what is happening with this country.
>
> But, without spending to much time on the cause, you can piece everyhting
> togther real fast, The November Election. We knew what the results
> were going to evolve into, with out a dought, because the sermon
> was for everyone you mentioned.
> If there is a question about the problem, just watch, Judge Judy,
> Judge Joe and Judge Alex, you will know in seconds what our real
> problem really is and how they will continues to grow.
>
> It will create quite a stir, but, we need to turn this country back
> about 50 years and never repeat the same mistakes going forward.
>
>
> Your article really needs broad publication, for it's suited for
> every newspaper in the country, including everymail box for broad
> distribution.
>
> We need to immeditatly vote for term limits, no more that two term
> for either house, we need to establish a line item veto, a two year
> trial period. we need to establish the official langauge as English
> without fail.
>
> These are suggests to get the ball rolling, because there will be
> much to change for the roll back to be achieved.
>
> Remember it's not a question should these suggests take place, it's
> when.
>
> What are you thoughts.
>
> John
>
> On Mar 03 11:29 AM know nothing wrote:

How Much Downside Could Still Exist?

SPOKEN LIKE A TRUE EMPLOYEE, YOU ARE EXACTLY THE TYPE OF PERSON THAT LETTER WAS INTENDED TO ADDRESS! IT SOUNDS AS THOUGH YOU ARE OFFENDED BY OTHER PEOPLES SUCCESS. THERE ARE PEOPLE WHO WILL NEVER SHARE IN THAT TYPE OF SUCCESS, BUT DON'T BLAME YOUR LACK OF SUCCESS ON ANOTHER PERSON'S ACHIEVEMENTS!


On Mar 03 11:56 AM plumstupid wrote:

> Hey boss! HEY!
>
> Seeing how you live and breath your business because that business
> is your life it really shouldn't be that hard for you to stop taking
> anything out of the business for those luxuries you earned. Hey,
> its your business that's most important, right? Just get rid of the
> mansion, cars, planes, boats, $2000 hookers, club memberships, $2000
> suits, alligator shoes...you know, all that stuff that isn't as important
> as your business.
>
> Hey boss, where do you want this cot for your office?
>
>
>
>

Wall Street Breakfast: Must-Know News

On Mar 03 11:45 AM axelrod608 wrote:

> Know nothing - I got the same email last month from a friend. Is
> that "letter" yours personally or are you posting an anonymous email
> to the breakfast blog ?

The first 2 paragraphs were mine and then I remembered that e-mail. I realize these things are sent to everyone with a e-mail address, even so, I lived it! So I copied it and included it in my blog. To answer your question>

Wall Street Breakfast: Must-Know News

It's not mine, but Thats the way I feel! Everyone blaming everybody but themselves for what they are not, or for what they don't have. I disagree with the current administration and their tatics, but I'm not blaming anyone for what I've lost. I take personal responsibilty for my actions, win lose or draw. I made sacrifices all my life for what I have today, when most everyone else was out having a good time, with no consideration of what they were wasting their time and money on, or where they were going. Now it's everybody else's fault, that they lost their retirement, their job, their house.... No pain no gain, I've endured my share of pain for what little I have gained. I don't want to loose it to a bunch of welfare programs, or to people that come from the entitlement crowd! Thank you!


On Mar 03 11:45 AM axelrod608 wrote:

> Know nothing - I got the same email last month from a friend. Is
> that "letter" yours personally or are you posting an anonymous email
> to the breakfast blog ?

How Much Downside Could Still Exist?

I don't believe in raising the taxes on the top 10% of successful invertors-wage earners, to pay for the greed and corruption of the mortgage lenders, wall street brokers, and failing banks. If these people can't manage their buisnesses then they need to be allowed to fail. I've lost as much as the rest of you. I would like to salvage whats left to take advantage of the oppurtunity's that will present themselves in the future, not be taxed into oblivion! Not expand the welfare programs! The harder you work, the more risk you take, the more jobs you create, the more you should be rewarded. Not punished by taxation!

Honest alias? I don't insult people on here, I would appreciate the same respect in return! Thank you.


On Mar 03 10:12 AM Anandakos wrote:

>
> @know nothing
>
> "What one person receives without working for, another person must
> work for without receiving".
>
> Like for instance the income during retirement from the non-recipient's
> Individual Retirement Account eviscerated by the mendacious actions
> of the receiver? Was that what you were meaning? Because if not,
> you're probably one of the thieves.
>
> P.S. You have an honest alias! Congratulations.
>
> On Mar 03 09:55 AM know nothing wrote:

Wall Street Breakfast: Must-Know News

The late Dr Adrian Rogers, 1931 to 2005. Former pastor of Bellevue Baptist Church, Memphis Tn.


On Mar 03 09:55 AM ATLBob wrote:

> Great quote: What is the source/who said it?
>
> On Mar 03 09:25 AM know nothing wrote:

How Much Downside Could Still Exist?

"You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it."

Unum Group Needs to Earn Investors' Trust - Barron's

Agreed.

Wall Street's New Math

wow

Sascha Opel: Gold's Bull Market Is Just Beginning

Nothing lasts forever. Buisnesses have life cycles, as do empires, and fiat currency's.
But Gold, has been here since the beginning of time. Now people are worried about a bubble? It's when people stop talking about a bubble, that you need to worry.

Why Gold at $1,200/Ounce Is Likely

As long as there are gold bears on here talking bubble, I'll be long gold, when the gold bears give up and stop talking sh*t about a bubble. Then I'll sell and sell fast.