Monthly Archives: October 2009

Who is to Blame for America’s problems

Plenty if people to blame here…can’t blame just the lawyers in congress, blame their clients–that’s right– the stupid, greedy, short-sighted clients who will stop at nothing to make a quick buck but refuse to acknowledge their despoiling of our environment and ravaging of our precious natural resources in the name of next quarter’s financial results. Blame the merchant bankers and private equity/LBO funds who have shipped American jobs overseas for years. Blame the financial engineers of Wall Street, who expect all their losses to be SOCIALIZED even as their profits remain PRIVATE and whose activities produced no jobs, only paper profits; blame the takeover artists who have gutted our industrial capabilities, all aided and abetted by our corporate laws and tax laws. And blame the government for failing to adequately police and supervise the financial markets because lawmakers are enthralled by the $$ showered upon them by private interests and lobbyists.  We can blame main stream media for largely letting corporate interests get in the way of honest and truthful journalism.  MOST importantly let us blame ourselves for continuing to see all this happening right under our noses  and continuing to believe the endless rhetoric of easily manipulated politicians who promise too much or too little.

BERNIE
We have continued to accept pointless debate over stupid issues.  America is dying from within like every great civilization has before but we still have time to stop it.

Advertisements

Leave a comment

Filed under Economy, Politics, Uncategorized

Wall Street gambling to a tune of $600 Trillion.  Good video

Leave a comment

Filed under Economy

The Fisherman and the Wall Street Executive

Found this post on another website. Explaining the greed going on today.

An American businessman was visiting a small coastal Panamanian village when a small boat with just one fisherman docked. Inside the boat were several large yellow fin tuna.
The American complimented the fisherman on the quality of his fish and asked how long it took to catch them. The fisherman replied, “only a little while.”
The American then asked why he didn’t stay out longer and catch more fish. The fisherman said he had enough to support his family’s immediate needs.
The American then asked, “but what do you do with the rest of your time?”
The Fisherman said, “I sleep late, fish a little, play with my children, take siesta with my wife Maria, stroll into the village each evening where I sip wine and play guitar with my amigos. I have a full and busy life, senor.
The American scoffed, “ I am a Wall Street executive and I can help you. You should spend more time fishing and with the proceeds buy a bigger boat and a get a Web presence. A scalable go-forward plan would provide capital for several new boats. Eventually, you would have a fleet of fishing boats. Instead of selling your catch to a middleman, you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing, and distribution. You would need to leave this small coastal fishing village and move to Panama City, then Los Angeles, and eventually New York City, where you would outsource tasks to third party clients to help run your expanding enterprise in a vertical market.”
The Fisherman asked, “but senor, how long will this all take?”
The American replied, “15 to 20 years.”
“But what then, senor?”, said the Fisherman
The American laughed and said, “ That’s the best part. When the time is right, you will announce an IPO and sell your company stock to the public and become very rich. You will make millions.”
“Millions, senor? Then what?” , replied the Fisherman.
And the American responded: Well, then you will retire, move to a small coastal fishing village where you can sleep late, fish a little, play with your kids, take siesta with your wife, and stroll to the village in the evenings where you will sip wine and play guitar with your amigos”.
The Moral of the Story – Before counting someone else’s catch – look inside your own boat and count the fish. You may have caught riches beyond your wildest dreams but simply haven’t taken the time enjoy them yet.

Leave a comment

Filed under Economy

Truest Thomas Jefferson Quote

“If the American people ever allow private banks
to control the issue of their money,
first by inflation and then by deflation,
the banks and corporations that will
grow up around them (around the banks),
will deprive the people of their property
until their children will wake up homeless
on the continent their fathers conquered.”
Thomas Jefferson

rogers031808a

2 Comments

Filed under Uncategorized

What could this crisis possibly lead to?

After much thought and reading, the doom and gloom scenario of a possible catastrophic event like a World War has creeped into the realm of possibility.

A recent article published by the Telegraph in the UK talks about central banks monetizing public debt in Western countries to create inflation rather then defaulting on debt.  This seems to be the case that has been taken recently by the Fed.

This would be a case in which bond holders of treasury debt would suffer most (China…).  Im not stressing that this is just a bad scenario for China but for the U.S. alike.  This could lead to capital flight (money invested into our economy immediately leave).  If the U.S. does this, the rest of the world will suffer most. The U.S. is the largest economy in the world, consuming about 60% of the worlds annual production of raw materials, finished goods and services. Hyper inflation caused by monetization of debt would make it harder for Americans to buy goods and services produced abroad.

Japan is the second largest economy with consumption of about 20% of the world’s production, but that isn’t enough to make up the loss of American consumers and businesses. Foreign companies will have no choice but to leave the American market because exchange rates will be horrible and get worse day by day resulting in massive losses between the time money is received and the time it is sent back to their home country.

This would ultimately lead to the Dollar ceasing to be the worlds reserve currency. Countries that the U.S. is indebted to will also see the value of their investments in U.S. treasuries collapse as Washington cranks up the printing presses.   This could lead to another Great Depression and possible war.

Now solutions to this are hard to come by but a real solution would not necessarily be popular and be easy.  If the banks were allowed to fail a painful but quick recovery could have come about.  This is usually not popular among politicians and would instead rather pose short term solutions to keep face.  This is a very important time for the public to see that Keynes politicians who pose short term band-aids on massive leaks only to plug the hole for a very short time.

The benefits from this still remain that the public could finally wake up as well as the media to the real problems facing us.  Hopefully a more informed public, media, and god willing government can emerge from a possible crisis.  Let us hope we get the latter without the crisis.

Leave a comment

Filed under Uncategorized

The New Gold Rush

Recent articles being put out about fake units of gold being sold and not being delivered.  Possible hush money being offered to those who have holding.   125% increase of spotted price payed in paper money being offered.  J.P.Morgan and Deutsche Bank are being mentioned as the counterparties involved.  News of this would cause a GOLD RUSH on banks and would further prove that fake units of gold being sold.

morgan_1507157c

Rumours below:

Gold Fraud UK Style Certain central banks such as the Bag Lady of Threadneedle Street (nickname of the Bank of England) has rushed to the rescue of her agents, the bullion banks, trying to bail them out by offering substandard (22 carat) gold in settlement of contracts at the verge of being defaulted. There seems to be circumstantial evidence that this month the gold exchanges are unable to honor their expiring contracts for which delivery notices have been issued in September.

It has occurred in spite of a robust, even increasing, contango. Furthermore, circumstantial evidence exists that counterparties to these expiring contracts for future delivery – bullion banks, to be precise, the name of J.P.Morgan and Deutsche Bank being prominently mentioned – have offered bribe money up to 125 percent of the quoted spot price to holders of long contracts if they would take settlement in paper, on condition that the embarrassing affair will be kept secret.

If true, these maneuvers are motivated by the desire to conceal the real gold basis, and to deny that gold is in or approaching backwardation. If the truth were widely known, then there would be a run on the bullion banks. The “let’s get physical” movement would trigger a chain-reaction culminating in all offers to sell physical gold being permanently withdrawn around the globe. “Gold would not be for sale at any price”, whether quoted in US or in Zimbabwe dollars – or, for that matter, in any irredeemable currency – the only kind of money people are allowed to have nowadays. The curtain would fall on the “Last Contango in Washington”. The day of permanent gold backwardation would dawn. The chapter on a reactionary episode of history, irredeemable currency, allowing the Treasury and its central bank to create unlimited liabilities out of nothing which they have neither the means nor the intention to honor, but could use them for check-kiting purposes to mesmerize gullible people around the world, would be closed and become but a bad memory.

Central banks are aiding and abetting the plunder of the sovereign assets of their countries to bail out their agents or friends in an attempt to “sweep the whole bloody mess under the carpet”. Toronto analyst Rob Kirby�s recounting of the behind-the-scenes activity that recently drove up the price of gold is but one example of this on-going battle. On the last day in September, Kirby reported large buyers of gold entered the futures market and demanded immediate physical delivery on the September contract.

The counterparties, allegedly JP Morgan Chase and Deutsche Bank, both complicit in the central bank suppression of gold, counter offered with premiums 25% above spot if the contracts could be settled with paper money instead of physical gold but the buyers refused, sending gold to record highs as the banks scrambled to deliver gold they did not own. Questions were also raised about the quality of the gold bars delivered. Evidently, the bars provided by the Bank of England had to be re-cast as to meet the .999 quality necessary for delivery

Leave a comment

Filed under Economy

Check out the Daily & Weekly Links Updated Regularly (Right column)

Be sure to click on the links provided on the right under (Must Reads/Watch).     🙂

Leave a comment

Filed under Uncategorized