tag:blogger.com,1999:blog-20377909.post6195328393708188478..comments2024-02-26T08:05:58.174-08:00Comments on ECONOMICROT: Open ForumRandyhttp://www.blogger.com/profile/09221346085089343469noreply@blogger.comBlogger49125tag:blogger.com,1999:blog-20377909.post-37410775201415565132008-09-24T21:24:00.000-07:002008-09-24T21:24:00.000-07:00Ellen,Regarding our parallels to the Scandinavia c...Ellen,<BR/><BR/>Regarding our parallels to the Scandinavia crisis.<BR/><BR/>As stated before: <BR/><BR/><A HREF="http://economicrot.blogspot.com/2008/09/will-massive-gvt-bailout-plan-work.html" REL="nofollow">Will massive bailout plan work?</A><BR/><BR/>This bailout will NOT cure our ailment and a Hyperinflationary Depression will quite likely be the end result.Randyhttps://www.blogger.com/profile/09221346085089343469noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-16927719389016631032008-09-24T21:23:00.000-07:002008-09-24T21:23:00.000-07:00Well I haven't lost any sleep over it. But the gu...Well I haven't lost any sleep over it. But the guy is my father. So it's more taxing for me than if he was Joe Smoe. Thanks for the encouragement though.Justin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-57192453516441126542008-09-24T21:17:00.000-07:002008-09-24T21:17:00.000-07:00Justin - blow it off. Not worth the time thinking ...Justin - blow it off. Not worth the time thinking about it... I've been labeled a quack pot for years and only now are people realizing that my thoughts and predictions were actually based on a pretty solid understanding of the complex intricacies in play. Now these same folks consider me a friggin genius! Ha!<BR/><BR/><BR/> <BR/>Holy Crap FoFoa!<BR/><BR/>Thinks are happening fast and the wings on this plane may be disintegrating - problem is: we have no ejection seat.<BR/><BR/>Thanks for the alarming, yet quite sensible post/link<BR/><BR/><BR/><BR/>Catholic Girl - haven't heard from you in a while. Good to see you posting up. Scary times indeed.Randyhttps://www.blogger.com/profile/09221346085089343469noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-12506661826696691062008-09-24T15:09:00.000-07:002008-09-24T15:09:00.000-07:00The guys and gals on cnbc are really scared- they ...The guys and gals on cnbc are really scared- they are in panic<BR/>unbelievable<BR/>catholic girlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-15299772484085339132008-09-24T14:32:00.000-07:002008-09-24T14:32:00.000-07:00LinkText:OT: Countdown: Three Weeks to ChaosUser F...<A HREF="http://piggington.com/ot_countdown_three_weeks_to_chaos" REL="nofollow">Link</A><BR/><BR/>Text:<BR/>OT: Countdown: Three Weeks to Chaos<BR/>User Forum Topic<BR/>Submitted by partypup on September 17, 2008 - 10:37pm<BR/>I know that I have been characterized as "alarmist" and a "doomsayer" by many on this board in the past, but I would be remiss if I did not pass along some information to you all that I have learned from a very knowledgeable and well-placed source in the finance industry who has guided me for the past two years as I have attempted to navigate this crisis.<BR/><BR/>This source predicted, four (4) months ago, that the market would enter a heart-pounding phase in mid-late September. It would be as though, in his words, "the world would hold its breath" in anticipation of what would follow.<BR/><BR/>And then, on or about the first week of October, the dam would suddenly burst and the ride to hell would begin -- for months. He predicted that the system would experience a massive seizure, such that all electronic forms of trade (stocks, banks, ATMS) would simply fail. And the much-delayed death of the dollar would begin in earnest.<BR/><BR/>This coincides almost exactly with what the think tank at LEAP (http://leap2020.eu/GEAB-in-English_r25.html) has been predicting for the past 18 months. I have studied each of their reports, in which they have consistently labeled Fall 2008 as the point in which the world in general, and the U.S. in particular, would enter the heart of the system crisis. The only variation I note is that LEAP estimates that the dollar's role as the world's reserve currency will cease around the end of the 2nd quarter of 2009. My source believes that it will happen sooner. Or perhaps it is the case that the process begins in October and culminates in June. In any event,<BR/>the Fall and Winter are going to be extraordinarily brutal.<BR/><BR/>I am hoping that all who read this will understand the message that I am trying to relay to you: time is short. Many of us have been expecting what is coming from months or years. Some have only awaken to what is coming a few months ago. Others still don't understand what is coming. But as Wall St literally disintegrates before our eyes, I don't think there can be any question at this point that we are on the verge of something unprecedented and catastrophic.<BR/><BR/>If you have money in the markets, you need to get it out NOW.<BR/><BR/>If you have a 401K and are fearful of a withdrawal penalty and taxes, keep in mind that 60% of something is better than 100% of nothing.<BR/><BR/>If you have more funds in your bank than the absolute minimum necessary to pay your expenses, then you're playing Vegas odds. FDIC is technically insolvent as I write this, and one more major bank failure will trigger an unstoppable run on our retail banking system.<BR/><BR/>Buy a safe. Keep as much cash at home as you feel comfortable storing. BUY METALS. They will be volatile in the near term, but they are truly your best bet for asset protection in a world that is about to implode in a derivatives supernova.<BR/><BR/>The Chinese did something astounding today: they effectively broadcast to the world that a new world reserve currency is needed. The world heard them. And gold soared almost $100 today. I think that any thinking person can see that the unthinkable is now about to happen. The dollar is about to become irrelevant. <BR/><BR/>http://us.mobile.reuters.com/mobile/m/An...<BR/><BR/>And lastly, at the risk of sounding completely alarmist, I would advise you all to begin stocking up on goods that you will need to keep your household functioning in the near (and possibly long) term. When the system fails, there will be massive supply disruptions for a variety of reasons, not the least of which will be that panic will trigger a hoarding mentality, gas will be in short supply and inventories will be easily wiped off of store shelves. Can we buy enough food and supplies to last the rest of our lives? Of course not. The goal here is simply not to be a casualty in the first wave of the tsunami that will wipe out millions. Once the first wave has passed, we can pick ourselves up, look around for a place of safety and start moving.<BR/><BR/>I'm not advising anyone to buy a gun or any form of protection, although I think civil unrest is entirely possible, particularly in large metropolitan areas.<BR/><BR/>I am simply advising that, at a minimum, we all be prudent in preparing for what now seems inevitable. An ounce of prevention in these times is easily worth a ton of cure.<BR/><BR/>For those who may disagree with my post, I respect your opinion and would only ask that you not denigrate mine and simply move on to the next thread. I share this information with you all solely out of a concern for my fellow citizens.<BR/><BR/>I am hoping this thread will allow like-minded individuals to share practical information and advice as we all move into a grim and unchartered period in our nation's history.<BR/><BR/>Good luck to us all.FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-47589086639597987962008-09-24T11:55:00.000-07:002008-09-24T11:55:00.000-07:00Justin: yeah, I have noticed that some people hid...Justin: yeah, I have noticed that some people hide behind their cynical view of the world.<BR/><BR/>God bless!Anonymoushttps://www.blogger.com/profile/03568736208113798767noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-91414507250059760542008-09-24T11:06:00.000-07:002008-09-24T11:06:00.000-07:00There is no shame with those who push the propagan...There is no shame with those who push the propaganda. For instance this guy.<BR/>http://www.huffingtonpost.com/huff-wires/20080923/bailout-national-debt/<BR/><BR/>The fact is most Americans are in love with propaganda. They like the comforts of deceit. They despise those of us who point to the truth. They don't want their bubble of deceit being popped. <BR/><BR/>There is a guy in my life whom fits this description of the average American to a T. I have over the past year dropped little tidbits of truth into his ears. He always brushes them aside using the propaganda that he delights in. Well the other night he was commenting about how good Obama will be. He was saying that Obama had some sort of proposal that would exempt 50+yr old people (or maybe it was a bit older) from having to pay taxes. I couldn't help but to respond. I argued that in light of all the bailouts that no American would be exempt from taxes. Furthermore I argued that the next President no matter who he is will almost certainly raise taxes across the board. I also talked about the inflation tax that was going to grow like a hybrid swamp monster. I explained to him what the inflation tax was. His response was nothing short of a tirade directed at me. <BR/><BR/>He argued that I was nothing but a doomsdayer. He went about to discredit me based on my material assets. I have virtually no material assets. I'm currently laid off and drawing unemployment. I do not own a vehicle or a home or any land. At least I have no debt other than a few small medical bills. He also argued that if I was so fu*$in smart then why don't I do something about it. He argued that my knowledge was useless if I could personally do nothing to change it. Then he argued that I was unpatriotic. That if America was such a bad place to live then I should apply for a visa and move. Then he wanted to know what country was better than America. Then he showed his cards to me. This man is gripped with fear. He said that if I was right then all that he has worked hard for in his life is going to go up in smoke. He said he didn't want to hear about the bad news. He said it's better to enjoy life(He worships the T.V.) and not focus on the negative that could happen. This man cut me down in just about every way possible. This was his way of making my opinion meaningless. He said that all the people with their blogs are essentially a bunch of fu$#in idiots. <BR/><BR/>Well into the conversation he conceded that I might know what I was talking about. He did this on 3-4 different occasions. He said what if you are right? You may be right Justin. What if you and the others are right? What's this say about my future Justin? I was also informed that I was to NEVER bring this doomsday shit up again or else. I don't dare mention GOD to him. I haven't for well over a decade. He hates anything to do with GOD as well.<BR/><BR/>For the most part he is your typical American -the idea that there is a GOD. The kind who would rather bury his head in the sand than acknowledge the truth and speak out concerning it. He likes comfort and if that means following after deceit then so be it.<BR/><BR/>Well I will never reach out to this man again. There is a scripture that applies to this temporal situation just as it applies to the "spiritual".<BR/><BR/>Luke 9<BR/>5And whosoever will not receive you, when ye go out of that city, shake off the very dust from your feet for a testimony against them.<BR/><BR/>The same goes for secular truth as well.Justin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-13014006472422870272008-09-24T09:54:00.000-07:002008-09-24T09:54:00.000-07:00folks the white house press secretary just admitte...folks the white house press secretary just admitted yesterday the white house had the bailout drawn up months ago! this is unbelievable- but yet they've been lying saying they had no idea this was gonna happen and we need to pass this immediately? randy wat do u think of the fact that our government had foreknowledge of this collapse and waited until now to tell us? heres the link:<BR/><BR/>http://www.prisonplanet.com/white-house-admits-it-drew-up-bailout-months-ago.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-19326892071283320082008-09-24T07:01:00.000-07:002008-09-24T07:01:00.000-07:00reverse auctions: why not try it? The way I under...reverse auctions: why not try it? <BR/> <BR/>The way I understand it the US Treasury Dept. will buy the lowest bid mortgage pool. I am using Mish's description of a mortgage pool: <BR/>http://tinyurl.com/4x5plz <BR/>That is if lending institution A offers a mortgage pool for 50¢: on the dollar and if institution B offers another for 40¢ on the dollar then Treasury Dept will buy the pool from institution B at 40¢ on the dollar. This seems like a very good idea - possibility of fraud reduced if the financial officers have to swear to the performance record of the pool with criminal penalties (like jail). Why is Mish so upset with this proposal? <BR/> <BR/>You win when banks compete.Anonymoushttps://www.blogger.com/profile/03568736208113798767noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-79361992019929533272008-09-24T06:29:00.000-07:002008-09-24T06:29:00.000-07:00we're trying to bail out the world on the back of ...we're trying to bail out the world on the back of US Taxpayers<BR/><BR/>Here is a paragraph from the Treasury Fact Sheet released last night:<BR/><BR/>Asset and Institutional Eligibility for the Program. To qualify for the program, assets must have been originated or issued on or before September 17, 2008. Participating financial institutions must have significant operations in the U.S., unless the Secretary makes a determination, in consultation with the Chairman of the Federal Reserve, that broader eligibility is necessary to effectively stabilize financial markets.<BR/>So this bailout covers any securities issued on or before last week! Why would we be bailing out activity from this year? Or even after Feb 2007 when the subprime crisis woke everyone up? I'd argue for an even earlier date ...<BR/><BR/>But the second sentence is even more surprising: eligibility has been changed from "financial institution having its headquarters in the United States" to "significant operations in the U.S." - and even "broader eligibility" if Paulson so decides.<BR/><BR/>According to this fact sheet, under the Paulson Plan, U.S. taxpayers may bailout foreign financial institutions and even foreign governments.<BR/><BR/>Update: Paulson confirms on TV, via Reuters: Paulson: Foreign banks can use U.S. rescue plan<BR/>Treasury Secretary Henry Paulson said Sunday that foreign banks will be able to unload bad financial assets under a $700 billion U.S. proposal aimed at restoring order during a devastating financial crisis.<BR/><BR/>"Yes, and they should. Because ... if a financial institution has business operations in the United States, hires people in the United States, if they are clogged with illiquid assets, they have the same impact on the American people as any other institution," Paulson said on ABC television's "This Week with George Stephanopolous."Ellenhttps://www.blogger.com/profile/03967525436747945598noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-20829564229927054852008-09-24T05:27:00.000-07:002008-09-24T05:27:00.000-07:00Has anyone looked at the similarities between our ...Has anyone looked at the similarities between our present situation and Scandinavia in the early 90s to make predictions on inflation, stagflation or deflation and other important questions?<BR/><BR/>Here's an article from Bloomberg.com that is informative as a starting point. Please share your thoughts with us, Randy.<BR/><BR/>U.S. May Find Painful Parallels in Nordic Bailout (Update2) <BR/>By Simon Kennedy<BR/><BR/>Sept. 23 (Bloomberg) -- If Henry Paulson and Ben S. Bernanke want to know what happens when central banks and governments bail out financial institutions, they should be ``learning Swedish.''<BR/><BR/>That's the suggestion of Charles Dumas, a director at Lombard Street Research in London. He says the effort by Finland, Sweden and Norway to save troubled banks in the early 1990s is the closest parallel to the market-rescue plan being engineered by the U.S. Treasury secretary and Federal Reserve chairman.<BR/><BR/>The Nordic effort -- similar in speed and scope to what the U.S. is planning now, though smaller in size -- did manage to end the financial crisis. At the same time, it didn't prevent a deeper recession and surging unemployment in all three countries.<BR/><BR/>``In the long term, there were benefits, but it took half a decade before they began to show in the economy,'' said Esko Ollila, a member of the Bank of Finland board from 1983 to 2000.<BR/><BR/>With the U.S. financial markets in tumult, Paulson is seeking to implement a $700 billion plan that will allow the U.S. to purchase illiquid assets such as mortgage-related securities from banks. Last week, the government and Fed pledged to insure money-market funds, seized control of New York-based insurer American International Group Inc. and intervened in the markets for commercial paper and short-term debt for Fannie Mae, Freddie Mac and other agencies.<BR/><BR/>Surging Economies<BR/><BR/>At the end of the 1980s, the economies of Sweden, Finland and Norway had surged after deregulation and low interest rates encouraged banks to lend more. Finnish house prices jumped 80 percent in real terms, and its stock market soared 164 percent in five years, according to JPMorgan Chase & Co.<BR/><BR/>The byproduct was a mounting debt burden. As policy makers sought to slow inflation and protect their fixed exchange rates, banks found their balance sheets decimated by nonperforming loans amounting to 10 percent of the region's gross domestic product.<BR/><BR/>The response to the subsequent financial crisis was one of ``rapidity and vigor,'' said then-Fed Chairman Alan Greenspan in a 1999 speech. Sweden guaranteed bank obligations against losses and established a $14 billion restructuring fund to provide failing banks with capital in return for equity. In addition to taking over Nordbanken AB, the government created a ``bad bank'' that bought troubled assets at a discount, while leaving financial institutions to manage their more-liquid holdings.<BR/><BR/>Merging Banks<BR/><BR/>Norway's government took similar steps by insuring savings and seizing control of the country's three biggest banks. Finland merged more than 40 banks, including Skopbank Ltd., into a government-run entity and moved nonperforming assets to management companies run by its central bank.<BR/><BR/>While the interventions ``were sweeping and ultimately a success,'' they didn't bring immediate relief to the three countries' economies, as banks cut back on lending and companies and consumers spent less, said Lauri Uotila, chief economist at Sampo Bank, a unit of Danske Bank A/S in Helsinki.<BR/><BR/>The Finnish and Swedish economies contracted in 1991, 1992 and 1993. Norges Bank calculates that during the early 1990s, output fell 12.3 percent in Finland, 5.8 percent in Sweden and 4.1 percent in Norway. Unemployment didn't peak in Finland until May 1994, when the rate reached 19.9 percent, having fallen as low as 2.1 percent in 1990. Sweden's jobless rate averaged 9.9 percent in 1997, up from 1.6 percent in 1990.<BR/><BR/>`Aggressive Measures'<BR/><BR/>``The aggressive measures implemented by the Scandinavian governments were not enough to prevent deep recessions,'' said Nicola Mai, an economist at JPMorgan in London. The Fed Bank of Philadelphia today announced it will host a conference next week on the lessons of the Nordic experience for the U.S.<BR/><BR/>Mai says the U.S. government and the Fed were quicker to ease fiscal policy and cut interest rates as the crisis took hold, something Norway, Finland and Sweden weren't able to do because they had to maintain currency pegs.<BR/><BR/>By acting quickly, the U.S. may still avoid repeating Japan's ``lost decade'' of deflation after policy makers in the world's second-largest economy dithered in addressing a banking crisis. The U.S. may even mimic Sweden whose government made money when it was able to sell the assets at a later date, said Jim O'Neill, chief economist at Goldman Sachs Group Inc.<BR/><BR/>When Japan's stock- and property-market bubbles burst in the early 1990s, lenders were left with trillions of yen in bad loans on their books. It wasn't until 1999 -- two years after the collapse of Yamaichi Securities Co. -- that policy makers found the political will to use taxpayers' money to begin bailing out the banking system.<BR/><BR/>Bad Debts<BR/><BR/>It took two more years for then-Prime Minister Junichiro Koizumi to demand that banks accelerate the disclosure of bad debts and their disposal of illiquid loans.<BR/><BR/>``In Japan, procrastination unnecessarily increased overall costs in terms of asset-price declines, damage to the fiscal position and lost economic growth,'' said Richard Jerram, chief economist at Macquarie Securities Ltd. in Tokyo. ``The U.S. seems to be responding with unusual speed and aggression.''<BR/><BR/>Still, David Rosenberg, North American economist at Merrill Lynch & Co. in New York, predicts that the U.S., like Scandinavia, probably won't see an immediate economic rebound.<BR/><BR/>``Even with effective government solution, the process of extinguishing the bad debts via government intervention was painful,'' Rosenberg said. ``We're into a new chapter indeed, but it's very tough to say at this point that the book is finished.''<BR/><BR/>To contact the reporter on this story: Simon Kennedy in Paris at Skennedy4@bloomberg.netEllenhttps://www.blogger.com/profile/03967525436747945598noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-47570704016456977142008-09-24T04:58:00.000-07:002008-09-24T04:58:00.000-07:00Any thoughts on why Schumer is soooo on board for ...Any thoughts on why Schumer is soooo on board for this bailout?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-78442912100354730412008-09-23T19:35:00.000-07:002008-09-23T19:35:00.000-07:00Hey one of our reps actually says something.http:/...Hey one of our reps actually says something.<BR/><BR/>http://www.tickerforum.org/cgi-ticker/akcs-www?post=62551Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-40107686287236436292008-09-23T18:01:00.000-07:002008-09-23T18:01:00.000-07:00Dear Senator You are correct when you say the cris...Dear Senator <BR/><BR/>You are correct when you say the crisis was created by "sloppy underwriting and reckless disregard for the risks they were creating, taking, or passing on to others."<BR/><BR/>Most importantly you are correct when you state "There are no credible assurances that this plan will work. We could very well spend $700 billion and not resolve the crisis."<BR/><BR/>Senator, the odds of failure are 100%. The Paulson plan will not create any jobs or help homeowners pay their bills. Instead it diverts $700 billion of taxpayer funds to failed banks that took excessive risks. The sheer size of the bailout will cause interest rates to rise, further adding to taxpayer woes.<BR/><BR/>Robbing taxpayers to pay failed banks cannot possibly work!<BR/><BR/>Printing money and giving it away cannot work either. If it did work, Zimbabwe would be the most prosperous nation in the world.<BR/><BR/>Senator Shelby, our prayers are with you that you have the courage to stand up for what you know you must do: Block This Bill.<BR/><BR/>I ask that you approach fellow Senators Jim Bunning, Chuck Grassley, and Jim DeMint in hope that one or more will have the courage to join you to in preventing what is still a preventable disaster.<BR/><BR/>Your Name<BR/>Your Phone Number<BR/><BR/>Sen. Richard Shelby (R) 202-224-3416 or 202-224-5137 (both seem to work, I fax both)<BR/>Sen. John Ensign (R) 202-228-2193<BR/>Jim DeMint (R) 202-228-5143<BR/>Sen. Jim Bunning (R) 202-228-1373<BR/>Sen. Chuck Grassley (R) 202-224-6020<BR/>Sen. Harry Reid (D) 202-224-7327<BR/><BR/>http://globaleconomicanalysis.blogspot.com/Justin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-25474214073635545842008-09-23T16:20:00.000-07:002008-09-23T16:20:00.000-07:00Short video on some technical analysis of the gold...<A HREF="http://broadcast.ino.com/education/gold_headed_sep2008/" REL="nofollow">Short video</A> on some technical analysis of the gold chart. The analyst puts gold at $1,200 to $1,500 by Feb. or Mar. '09.FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-42782411793283759562008-09-23T14:46:00.000-07:002008-09-23T14:46:00.000-07:00http://market-ticker.denninger.net/archives/588-Re...<A HREF="http://market-ticker.denninger.net/archives/588-Rescue-plan,-Bailout,-How-About-Den-of-Liars.html" REL="nofollow">http://market-ticker.denninger.net/archives/588-Rescue-plan,-Bailout,-How-About-Den-of-Liars.html</A>FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-35142973336245069772008-09-22T20:49:00.000-07:002008-09-22T20:49:00.000-07:00I failed to mention another point. And that is tha...I failed to mention another point. And that is that the Federal Reserve is a private entity. It is not a government agency or a cabinet position. The Fed chairman is outside the executive branch. But what we are seeing is the Treasury allowing the Fed to use taxpayer dollars to buy private corporations. <BR/><BR/>We are seeing the Bush regime, ie. executive branch, aiming to own the private economy. This way it could more manipulated to their liking.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-23514292659912970692008-09-22T19:35:00.000-07:002008-09-22T19:35:00.000-07:00Let me say this----chaos brings order, but this is...Let me say this----chaos brings order, but this is not 1776 with young, vocal, active, thinking, and risk taking patriots willing to take down their Mother Land, the one and only Great Britain. If it weren't for the French, and a ferocious spirit, we would never had won the war.<BR/><BR/>The United States is filled with lap-loving, obese, dimwitted, narrow-minded, beaten down, psychologically impaired, radio pinhead-listening people. The only thing many of them know how to do is bitch. They don't read, don't write, and don't listen.<BR/><BR/>So, for one to believe that the Revolution Will Be Televised, or cyber-beamed is only dreaming. I do believe that this government has not been spying on, listening to, reading from, and following many us just for kicks. They have been watching people who do what we do; write on blogs. They did not write the Violent Radicalization and Homegrown Terrorism Prevention Act of 2007 because they were afraid of Muslims. <BR/><BR/>They did not basically give corporate America the right to shoot to kill if they just FELT that their infrastructure was POSSIBLY in danger without the threat of prosecution or legal action taken against them. They did not give those gun-toting corporatists phone cards and passwords so they can get the Marshall Law news before anyone else. They have not built detention camps all around the United States just for weekend getaway camps. This is for real and the Bush Crime Family is playing for keeps when they endorse the McCon for president, and anoint The Paulie Paulson with pervasive powers.<BR/><BR/>They were concerned with American citizens willing to take up their arms, bats, slingshots, pea shooters, squirt guns, gum bands, tomahawks, spears, knives, and bows and arrows in order to withdraw their cash deposits sitting in their locked up banks. <BR/><BR/> As Gil Scott Heron once sang, "The Revolution Will Not Be Televised." And he foresaw it 30 years ago!<BR/><BR/>A critical mass is forming. It has gained momentum. The Nazis did not allow the poor, the weak, or even the vocal and concerned to organize. Mussolini kept a firm hand upon the people. Stalin and Mao did the same. Having a congress that is weak and cowardly will only encourage this critical mass to form quickly. <BR/><BR/>Call you representatives tomorrow.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-69325793113437819362008-09-22T18:49:00.000-07:002008-09-22T18:49:00.000-07:00sux2bme,Couldn't agree more with your comment: "an...sux2bme,<BR/><BR/>Couldn't agree more with your comment: "angry mobs may be our ultimate showing of our consent of the governed or lack thereof" <BR/><BR/>When the homeless, unemployed and hungry masses grow, things will certainly change and people will rise up for change. However, we will probably be under martial law by then. <BR/><BR/>I suspect a "Peoples Revolution" not too much different from the one that overthrew the Marcos<BR/>regime from the Philippines. Hmm, come to think about it, they didn't have 2nd ammendment rights over there. Guess I'll have to ponder this issue some more.<BR/><BR/>Chris, I'll have to check out the link later - though I did see on Fox today that Russia was cozying up to Venezuela and holding Joint Naval exercises... <BR/><BR/>Jerry - As usual - Articulate and well thought out.<BR/><BR/>Regards to all<BR/><BR/>RandyRandyhttps://www.blogger.com/profile/09221346085089343469noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-78009956253259201362008-09-22T18:45:00.000-07:002008-09-22T18:45:00.000-07:00hey virgo great youtube link i encourage everyone ...hey virgo great youtube link i encourage everyone to watch this video immediately! it was awsum to hear him throw some 9/11 truth in there to- folks 9/11 was an inside job and everybody around the world knows what happened that fateful except for our dumbed down brainwashed american public!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-75348956389432259802008-09-22T17:48:00.000-07:002008-09-22T17:48:00.000-07:00oAmerican free markets have failed. Trickle down e...oAmerican free markets have failed. Trickle down economics cannot work because there are too many greedy, powerful individuals at play. To believe trickle down can work will only exist in dreams.<BR/><BR/>Read the Violent Radicalization and Homegrown Terrorism Prevention Act of 2007. These Bush Crime Family surrogates at the Fed and in Treasury all knew this was coming. This is why this act was written. Google it. This is no joke. The military is coming back to reinforce neo-fascism here at home.<BR/><BR/>Remember Bush saying"....as long as I'm the dictator." It was all in jest; but not really!<BR/><BR/>It won't be him. He is hoping it will be McCon.<BR/><BR/>Socialism was said in someone's comments as not working. Well, it appears capitalism surely went down the toilet, along with free market theory.<BR/><BR/>There are Northern European countries that pride themselves on their democratic socialistic way of life. They aren't going into a depression. We are!<BR/><BR/>Paulson has declared that he will be gathering up debt as if he was playing Monopoly. There is no nation or no economy that grew their economy by taking on more and more debt.<BR/><BR/>Paulson may have been a big shot at Goldman Sachs, but he is totally over his head now. He does not know what the F**k he is doing.<BR/><BR/>They are trying to fix the problem as they have tried to fix everything else: by bringing on the contractors and their cronies. These are the crooks, and not very smart to begin with, that brought this failure to us.<BR/><BR/>Through deregulation, and the absence of transparency, and the building of institutional empires and government revolving doors, we are where we are.<BR/><BR/>All the legislators are afraid to do what they need to do because this nation has absolutely no leadership, no president with a brain in his head, or anyone to jump up and say what needs to be said.<BR/><BR/>The idea of bailouts with stiff penalties, fines, prosecution, and the seizure of personal assets by the top banksta gangstas is mandatory. They use Ricco with the mob, then use it with the financial mobsters. <BR/><BR/>They colluded to commit fraud through the shadow banking system made legal by Phil Gramm. McCain is one degree from separation here. He is culpable. He should be asked to step down from his run for president. The Republican Party needs to institute a <BR/>coup in order to bring legitimacy to their party. <BR/><BR/>It won't happen. But will happen is mediocrity in solution-building, unless the strong and populist congressional representatives ban together to demand that the citizens dictate the rules and the bankstas sit down, shut up, and listen up!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-26728140175395918932008-09-22T16:24:00.000-07:002008-09-22T16:24:00.000-07:00In case you were getting ready to storm the Fed an...In case you were getting ready to storm the Fed and Treasury with pitchforks and torches in hand, better have a look at this (from Democracy Now!)...<BR/><BR/>Army Unit to Deploy in October for Domestic Operations<BR/><BR/>Beginning in October, the Army plans to station an active unit inside the United States for the first time to serve as an on-call federal response in times of emergency. The 3rd Infantry Division’s 1st Brigade Combat Team has spent thirty-five of the last sixty months in Iraq, but now the unit is training for domestic operations. The unit will soon be under the day-to-day control of US Army North, the Army service component of Northern Command. The Army Times reports this new mission marks the first time an active unit has been given a dedicated assignment to Northern Command. The paper says the Army unit may be called upon to help with civil unrest and crowd control. The soldiers are learning to use so-called nonlethal weapons designed to subdue unruly or dangerous individuals and crowds.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-74268514287232804822008-09-22T16:21:00.000-07:002008-09-22T16:21:00.000-07:00Why was Lehman Brother's allowed to fail? Max Keis...Why was Lehman Brother's allowed to fail? Max Keiser says he knows why (and it is SHOCKINGLY obvious).<BR/><BR/>http://www.youtube.com/<BR/>watch?v=Kvv_5Q4EfNIAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-26031922342684647552008-09-22T12:19:00.000-07:002008-09-22T12:19:00.000-07:00Let's try that again ...http://news.yahoo.com/s/ap...Let's try that again ...<BR/><BR/>http://news.yahoo.com/s/ap/20080922/<BR/>ap_on_re_eu/eu_russia_venezuela;<BR/>_ylt=AuMrukmT4zCTWbJRElOo6Qys0NUEAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-7968188558424468932008-09-22T11:20:00.000-07:002008-09-22T11:20:00.000-07:00"How much worse could things get?" you ask. How ab..."How much worse could things get?" you ask. How about another Cuban missile crisis:<BR/><BR/>http://news.yahoo.com/s/ap/20080922/ap_on_re_eu/eu_russia_venezuelaAnonymousnoreply@blogger.com