East Brady
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Posts posted by East Brady
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Linehan<Hank Bullough................Bills 47-Rams 3..........Don't make a tackle or we kill ya!!
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Punish hard work and creativity.
Good recipe for success in the country. Did I mention that many good profitable business are going to China? What a coincidence.
You forgot to mention the govt. will actually help you move the company, its good for free trade.
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Lucking in to it with a ridiculous Biblical interpretation of economics doesn't count.
But but but...what about Mr. Mortgage, he predicted it 6 months to a year ago without using biblical reference's.......
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I'm just trying to figure out how he's been able to get Al Sharpton and the rest of the idiots to actually disappear for the past month or so. Maybe he sued them to shut their yappers, very impressive actually.
Seems to have done the same with the usual hollywood crowd.
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I received a reply from YouTube BillCody1960:
"Sorry, I don't have that one. It may be tough to find that game because while the game was a sellout, it did not sellout 72 hours before kickoff and the game was blacked out in Buffalo. I remember listening to the game on the radio. Someone in Florida would have to of recorded that game."
Hitch hiked 75 miles sat. morning to get the last remaining tickets for the opener that year.
My guess would be the Miami tv station may have it in their archives.
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Yeah and solar winds are at a 50 year low!!! We're DOOOOMED!!!
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Says who, the Douchbagers? If you think the Fed is prosperity you need to brush up on your history. Look what happened with JFK's plan with the Fed. Didn't last very long did it? Strangely why did LBJ pull it as soon as he resumed office?
The question our resident experts need to answer is, why has the FED pulled liquidity from the market when they claim that liquidity is the problem. The FED IS CAUSING the problem that they are trying to bailout.
The FED needs to be wiped off the face off this nation!!
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I don't believe anyone here is completely buying into the bailout. It's more along the lines of laughing at the Straight Talk Express, Mr. Super Economy... John McCain campaign. Just sad.
As opposed to what Obama and his #1 economic adviser ROBERT RUBIN of goldman fame working hand in hand with his buddy the criminal Hank Paulson, also of goldman, they designed the system they now try to bailout.. We are being ROBBED by the powers that be and its time to end the FED that is the cause of the collapse.
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Yeah incredible that you guy's are so naive as to be cheerleading this bailout when it will not fix the problem.
Here are some words from a FED chairman that blows-up the criminal Ben Bernanke and his buddy's in congress along with the criminal Hank Paulson.
http://globaleconomicanalysis.blogspot.com/
http://market-ticker.denninger.net/2008/04...sions-just.html
Here also is an open letter from Ron Paul; you guys should pull your heads out of your ass's and get a clue.
My Answer to the President
September 25th, 2008 by Ron Paul
Dear Friends:
The financial meltdown the economists of the Austrian School predicted has arrived.
We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to be allowed. By doing more of the same, we will only continue and intensify the distortions in our economy - all the capital misallocation, all the malinvestment - and prevent the market’s attempt to re-establish rational pricing of houses and other assets.
Last night the president addressed the nation about the financial crisis. There is no point in going through his remarks line by line, since I’d only be repeating what I’ve been saying over and over - not just for the past several days, but for years and even decades.
Still, at least a few observations are necessary.
The president assures us that his administration “is working with Congress to address the root cause behind much of the instability in our markets.” Care to take a guess at whether the Federal Reserve and its money creation spree were even mentioned?
We are told that “low interest rates” led to excessive borrowing, but we are not told how these low interest rates came about. They were a deliberate policy of the Federal Reserve. As always, artificially low interest rates distort the market. Entrepreneurs engage in malinvestments - investments that do not make sense in light of current resource availability, that occur in more temporally remote stages of the capital structure than the pattern of consumer demand can support, and that would not have been made at all if the interest rate had been permitted to tell the truth instead of being toyed with by the Fed.
Not a word about any of that, of course, because Americans might then discover how the great wise men in Washington caused this great debacle. Better to keep scapegoating the mortgage industry or “wildcat capitalism” (as if we actually have a pure free market!).
Speaking about Fannie Mae and Freddie Mac, the president said: “Because these companies were chartered by Congress, many believed they were guaranteed by the federal government. This allowed them to borrow enormous sums of money, fuel the market for questionable investments, and put our financial system at risk.”
Doesn’t that prove the foolishness of chartering Fannie and Freddie in the first place? Doesn’t that suggest that maybe, just maybe, government may have contributed to this mess? And of course, by bailing out Fannie and Freddie, hasn’t the federal government shown that the “many” who “believed they were guaranteed by the federal government” were in fact correct?
Then come the scare tactics. If we don’t give dictatorial powers to the Treasury Secretary “the stock market would drop even more, which would reduce the value of your retirement account. The value of your home could plummet.” Left unsaid, naturally, is that with the bailout and all the money and credit that must be produced out of thin air to fund it, the value of your retirement account will drop anyway, because the value of the dollar will suffer a precipitous decline. As for home prices, they are obviously much too high, and supply and demand cannot equilibrate if government insists on propping them up.
It’s the same destructive strategy that government tried during the Great Depression: prop up prices at all costs. The Depression went on for over a decade. On the other hand, when liquidation was allowed to occur in the equally devastating downturn of 1921, the economy recovered within less than a year.
The president also tells us that Senators McCain and Obama will join him at the White House today in order to figure out how to get the bipartisan bailout passed. The two senators would do their country much more good if they stayed on the campaign trail debating who the bigger celebrity is, or whatever it is that occupies their attention these days.
F.A. Hayek won the Nobel Prize for showing how central banks’ manipulation of interest rates creates the boom-bust cycle with which we are sadly familiar. In 1932, in the depths of the Great Depression, he described the foolish policies being pursued in his day - and which are being proposed, just as destructively, in our own:
Instead of furthering the inevitable liquidation of the maladjustments brought about by the boom during the last three years, all conceivable means have been used to prevent that readjustment from taking place; and one of these means, which has been repeatedly tried though without success, from the earliest to the most recent stages of depression, has been this deliberate policy of credit expansion.
To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection - a procedure that can only lead to a much more severe crisis as soon as the credit expansion comes to an end… It is probably to this experiment, together with the attempts to prevent liquidation once the crisis had come, that we owe the exceptional severity and duration of the depression.
The only thing we learn from history, I am afraid, is that we do not learn from history.
The very people who have spent the past several years assuring us that the economy is fundamentally sound, and who themselves foolishly cheered the extension of all these novel kinds of mortgages, are the ones who now claim to be the experts who will restore prosperity! Just how spectacularly wrong, how utterly without a clue, does someone have to be before his expert status is called into question?
Oh, and did you notice that the bailout is now being called a “rescue plan”? I guess “bailout” wasn’t sitting too well with the American people.
The very people who with somber faces tell us of their deep concern for the spread of democracy around the world are the ones most insistent on forcing a bill through Congress that the American people overwhelmingly oppose. The very fact that some of you seem to think you’re supposed to have a voice in all this actually seems to annoy them.
I continue to urge you to contact your representatives and give them a piece of your mind. I myself am doing everything I can to promote the correct point of view on the crisis. Be sure also to educate yourselves on these subjects - the Campaign for Liberty blog is an excellent place to start. Read the posts, ask questions in the comment section, and learn.
H.G. Wells once said that civilization was in a race between education and catastrophe. Let us learn the truth and spread it as far and wide as our circumstances allow. For the truth is the greatest weapon we have.
In liberty,
Ron Paul
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No...."we'll" make it to the SD game. There is just a good chance that game won't be played as scheduled.
There is going to be a "Banking Holiday" at some point soon. There is going to be a major war in the Middle East at some point soon. There is a good chance that war will drag in Russia, China, etc. and turn into a world war. There is a good chance we will suffer a hit to the homeland soon. There is a chance that the November elections don't happen.
This bailout isn't $1 trillion. It is either not going to work, or it will have to be for amounts that will make the dollar worthless. I don't know which way we go. I know this for a fact as the pretty numbers and colors on my computer the past year have told me what a fraud the system has become.
It's so close now that I won't waste my breath. I love how people mock others because those others don't match the reality that person wants to see. Reality isn't in a textbook. Reality is now.
DD we have alot of folks around here that just don't seem to get it, yet the evidence is now raining from the sky.
They will continue to mock and laugh at people until they are clubbed over the head and knocked out cold.
American FASCISM is knocking at the door!!!
http://market-ticker.denninger.net/2008/04...sions-just.html
watch karls video and read his post, he has in fact been correct for along time, he is no dummy.
http://globaleconomicanalysis.blogspot.com/
again Mish has been warning about all this for 3 years, he is in fact correct.
To the rest of you DOLTS out there, pull your head from your ass and wake the hell up.
Keep posting DD, we need your perspective although I do not agree with all of it, it is one more voice from NY.....
THANKS!!
My small Silver stash gives me GREAT comfort for the days ahead!!!!
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Last time I checked, Paulson worked at the will of GWB.
Not anymore, from the new bailout law:
Sec. 8. Review.
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
You can read it here; http://globaleconomicanalysis.blogspot.com/
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If you would like to read the text of the liars presser this morning here is the link.
http://www.politico.com/news/stories/0908/13603_Page2.html
Welcome to AMERICAN FASCISM, I hope you all are fat and happy with the swine that you have repeatedly elected to run the show in Washington. That includes both parties!!
Have a nice week end Go Bills!!!!
Rest comfortably, the FED claim's to have an infinite balance sheet, if you can believe that.
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Leadership, well lets see, johnny mac wants chrissy cox fired(sec), Jim Bunning has introd legislation to strip the Fed of its bailout power and nancy girl said don't blame us here in congress. Sounds like business as usual from the d's and r's. Oh and the fed printed 40 billion yesterday causing a flight into gold. Reality TV at its finest.
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I'm a big fan of Thomas Woods, he had a great talk on Who Killed the Constitution you can find on Youtube. He's a bright youngish scholar with an incredible sense of humor.
I found the link on the daily paul website. I'll look up the you tube, thanks for the tip.
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They should print it on toliet paper to use in the Senate, SCOTUS, and HoR...
When did they stop? This crap's been going on for years.
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She's still alive. Let's hope she makes another 221.
I wouldn't be so sure about that.
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That's BS. Who can see the Fed Res books? Who can see what they are doing? Who can see who their board consists of? Are you that blind to think Paulson's discussion is commensurate with oversight? All Paulson can see is what they want them to see.
The Federal Reserve is a private bank for the love of God, a bank more powerful than the president and the Senate. Their independence is not a unicorn until you can prove to me who is on their board of directors. I mean they're a private bank so show me their records. Don't try, it doesn't exist.
What your not happy with American Fascism??
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Over the last 20 years you have been repeatedly lied to, bamboozled and scammed by those "in power", including the members of both political parties, The Fed, and Treasury.
Who has eaten the harm to your standard of living as your cost of food and fuel has doubled over the last couple of years? You have.
Who has taken the hit as our job base has gone overseas, so China can buy a trillion dollars worth of our debt to artificially suppress their currency, thereby making it uneconomic to manufacture DVD players and Cell Phones here, and costing us millions of high-paying jobs? You have.
Who took the damage when you were conned into buying houses with Option ARMs, with Alan Greenspan himself telling people that Adjustable Rate mortgages were the "best option" for many people - with rates at the bottom? You did.
For the rest of that story, Karl has a few words for you big gubmint boys:
http://market-ticker.denninger.net/2008/04...sions-just.html
Rock solid video at bottom of page.
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I would chime in, but I'm too busy causing panic by overdramatising the situation and hyperventilating into a paper bag.
Thanks I needed that!!
We fired the idiot from merrill last may and the new guys have saved me a ton, sitting in 95% cash since july 25th., As for the rest of the gang, just keep voting for those D and R's, I guess you guys enjoy getting ripped off!!
By the way DD I for one would like to hear what 's happening down on the street?? My guys have been saying dow 10,000 for 4 weeks??
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They're victims. Mr. Mortgage says so. Duh.
When have I stated that those in debt are victim's? As far as the ml implode website they've been batting about .999. Of course you're to arrogant to admit that.
We should all just tip our hats to your genius there DC Paulson. Nice show you've got running down there, I was particularly amused watching you and ben, nancy , barney, dickey, george and chrissy holding that cluster fucck a couple months back. Which hole did you get? Its working out real well. By the way are you saving your money for the tax bill coming, doesn't matter who gets the pretty white house because your tax's are going waaay up. Where did all the fucckin money go genius???
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Pats* One last win before they crumble into the loser column.
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Wow. didn't see that coming.
Oh decide too get back into the gutter finally?
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There she BLOWS boys come and get it: Lehman Bros goin down!!
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Another spot on article: http://www.prudentbear.com/index.php/comme...ry?art_id=10113
"Here are a few of specific suggestions that I think would be very helpful and send the right message to the country. Alan Greenspan should make a public apology and donate all of his book proceeds and speaking fees to a charity that helps families who have lost their homes in foreclosure. Ben Bernanke should immediately resign and recommend that Paul Volcker, the last successful Fed Chairman, take over his job. Stan O’Neal and Chuck Prince should return all of their severance packages to the shareholders of Merrill Lynch and Citibank. Dick Fuld, the CEO of Lehman Brothers, and Kerry Killinger, the CEO of Washington Mutual, should resign and accept no severance. I am not saying that any of these individuals are bad people. I do not know any of them personally, and I will give all of them the benefit of assuming that they are all wonderful people. However, I think they are all very high profile examples of people who made horrible errors in judgment and have failed to take responsibility for those errors. We cannot begin to heal our financial system until people at the top start setting an example for the rest of us. How can we ask a struggling family to keep making their mortgage payments instead of walking away if the people at the top who created the system that caused this mess do not take responsibility for what they did?
Bankers are staring into the abyss. Will they find their character? I hope so."
Read it and weep. It's Top vs Bottom and we're all on the bottom.
Bail Out Plan Sucks!!
in Politics, Polls, and Pundits
Posted
While I can't take credit, this plan is much better, I received this from one of my legendary Chain Email buddy's. Check it out.
THE MASTER PLAN:
Something that makes good sense.
I'm against the $85,000,000,000.00 bailout of AIG.
Instead, I'm in favor of giving $85,000,000,000 to America in
a We Deserve It Dividend.
To make the math simple, let's assume there are 200,000,000
bonafide U.S. Citizens 18+.
Our population is about 301,000,000 +/- counting every man, woman
and child. So 200,000,000 might be a fair stab at adults 18 and up..
So divide 200 million adults 18+ into $85 billon that equals $425,000.00.
My plan is to give $425,000 to every person 18+ as a
We Deserve It Dividend.
Of course, it would NOT be tax free.
So let's assume a tax rate of 30%.
Every individual 18+ has to pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife has $595,000.00.
What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage - housing crisis solved.
Repay college loans - what a great boost to new grads
Put away money for college - it'll be there
Save in a bank - create money to loan to entrepreneurs.
Buy a new car - create jobs
Invest in the market - capital drives growth
Pay for your parent's medical insurance - health care improves
Enable Deadbeat Dads to come clean - or else
Remember this is for every adult U S Citizen 18+ including the folks
who lost their jobs at Lehmann Brothers and every other company
that is cutting back. And of course, for those serving in our Armed Forces.
If we're going to re-distribute wealth let's really do it...instead
of trickling out
a puny $1000.00 ( "vote buy" ) economic incentive that is being
proposed by one of our candidates for President.
If we're going to do an $85 billion bailout, let's bail out every
adult U S Citizen 18+!
As for AIG - liquidate it.
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and clean it up.
Here's my rationale. We deserve it and AIG doesn't.
Sure it's a crazy idea that can "never work."
But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion
We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC.
And remember, The Birk plan only really costs $59.5 Billion because
$25.5 Billion is returned
instantly in taxes to Uncle Sam.
Ahhh...I feel so much better getting that off my chest.
Kindest personal regards,
Birk
T. J. Birkenmeier, A Creative Guy & Citizen of the
Republic
PS: Feel free to pass this along to your pals as it's either good
for a laugh
or a tear or a very sobering thought on how to best use $85 Billion!!