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admin
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| Joined: | Sat Dec 23rd, 2006 |
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Posted: Thu Oct 2nd, 2008 02:03 pm |
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Please watch this video, register to vote if you haven't (and if you can), and then pass the link on to your friends....
http://www.youtube.com/watch?v=0vtHwWReGU0
____________________
Life is short. Break the rules, Forgive quickly, Love truly, Laugh uncontrollably,
and never regret anything that made you smile!
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Jim
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| Joined: | Fri Dec 29th, 2006 |
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Posted: Sun Oct 5th, 2008 12:37 am |
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The video says "Don't Vote" which is kinda funny
cause there probably isn't a good reason to vote
anymore, .....at least for this election. It won't
matter who, in that they already broke the piggy
bank. If the problem was liquidity in the system
how about 700,000,000,000. pledged to new
low interest capital and appoint a "Master" to
liquidate the old mortgages which would be favorable
to new or clean groups. They would encourage
rewrites, reductions in rate and settlements.
The sad truth is a shift and reclassification
of assets just happened plus a FDIC guarantee raise
to 250,000. (to guarantee cash shelter in the coming
crash) This raise provides more protection than
you think plus it tells/predicts where we are going.
In the early 80's, in the horrible economic crisis
of the Reagan first term, blue chips were slipping,
utility stocks were off 30% plus. Guess were
smart people went...liguid, like in banks, bonds,
and certain fungible securitues
The old 100,000. FDIC could be gamed by naming
accounts as singular, joint, trustee of, etc to approx
900,00 to 1,000,000. Now we with the new limit
at 250,000 we are talking about an effective
Federal guarantee to a household of approximately
2,500,000. ! Do you have 2,500,000 liquid? To put
at low interest? People of average "means" don't
usually keep that much in cash, unless we are
talking about a crash.
So now those "toxic" mortgages which could have
been readily sold for their actual discount value,
will now be bought at a premium. Yes, premium
because most of this paper has been "written down"
as loss for bad debt reserve, so when they are sold
at a higher price, guess who gets a shot in the
arm, extraordinary-item-profits are triggered, CEO's
get bonuses and you and I still have friends under
foreclosure and because their mortgaes were bought
at a premium, there are no breaks in the works for
"Main Street" And the thieves and whores are made
whole.
Plus there's a safe place, insured-by-you-and-me
place, for the rich to put their money. And as stocks
are sold below book value and bankrupt business
and household assets are auctioned off at 25ç on the
dollar the rich will be ready to pick them up with their
protected-by-you-and-me cash
McCain economists and Obama economists understood
this clearly but they obeyed their real masters.
The ones that were telling the truth, were not given
the time of day.
Brighter days are ahead, hopefully soon, when we finally
say we have had enough. With the exception of
Obama, (he has access to us when he wakes up), vote
for no-one that voted for this National Theft.
In the meantime I got me a new dartboard¡Attachment: My Dartboard.png (Downloaded 36 times)
____________________
If you live by the grace of a community, you need to be gracious too.
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