johnpaulca
12,036 posts
msg #95482
- Ignore johnpaulca |
8/6/2010 1:04:50 PM
I used to think there were two kinds of bottom-feeders in the cycle of life: the maggots who eat our flesh after we die, and the lawyers who live off our conflicts while we are still alive. I have to add a third category: bankers, who produce no wealth whatsoever, except for themselves, by sucking everybody dry. They deserve to be shot, brought back to life and shot again.
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petrolpeter
439 posts
msg #95486
- Ignore petrolpeter |
8/6/2010 1:48:53 PM
Banks are the reason a gallon of gas is still so high while unemployment is near 10%(whats REAL unemployment?)You would think in a recession gas/fuel would be half of what is is today.Banks have the fire power from Geithner and Bernanke's trillions given to them to choose what holds price in the world.Oil,Gold,Bonds(Obama's our debt to his pocket money recycling syndicate),and using the rest of the money to strap citizens with home,auto credit card,and other loans with whats left.I would feed toxic assets back to banks at a rate that would put them at a 1% profit until they were gone,how ever long it would take since their not making loans anyway.Have their highly bonusd Pros manage that.But that might sensibly solve one of our problems,something unfathomable up in DC Dummy Land!
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TheRumpledOne
6,411 posts
msg #95529
- Ignore TheRumpledOne
modified |
8/9/2010 11:36:21 AM
Way back in the 1970s, I predicted WW III would be a financial war. America is being torn asunder financially. The real enemy is within. Any attempt by WE THE PEOPLE to use our 2nd Amendments rights to oust the tyrants will be publicized as actions fringe lunatics.
What would Thomas Jefferson do? (W W T J D)
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TheRumpledOne
6,411 posts
msg #95687
- Ignore TheRumpledOne |
8/16/2010 8:51:26 PM
IGNORANCE OR KNOWLEDGE... THE CHOICE IS YOURS
http://www.zerohedge.com/article/matterhorn-asset-management-there-will-be-no-double-dip-it-will-be-lot-worse
http://www.bloomberg.com/video/62140030/
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four
5,087 posts
msg #95693
- Ignore four |
8/17/2010 12:13:11 AM
http://www.lewrockwell.com/quinn/quinn34.1.html
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karennma
8,057 posts
msg #95696
- Ignore karennma |
8/17/2010 8:36:49 AM
TheRumpledOne
msg #95687
-TheRumpledOne 8/16/2010 8:51:26 PM
IGNORANCE OR KNOWLEDGE... THE CHOICE IS YOURS
http://www.zerohedge.com/article/matterhorn-asset-management-there-will-be-no-double-dip-it-will-be-lot-worse
======================================
Geesh!
That is the most DEPRESSING article I've ever read.
Sadly, we ARE at the point of no return.
Reminds me of old Prick Cheney's comment "deificits don't matter". Bush administation Treasry Sec'y Paul O'Neill quit his job because he warned Prick & Bush in 2002 that deificts did indeed matter, and we'd have an irreversible fiscal crisis.
Now, eight yrs. later, ... Obama is Bush on steriods. ...or, Bush stuck on stupid.
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karennma
8,057 posts
msg #95697
- Ignore karennma |
8/17/2010 8:57:49 AM
four
msg #95693
- four 8/17/2010 12:13:11 AM
http://www.lewrockwell.com/quinn/quinn34.1.html
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""We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though." – Ben Bernanke – 2005"
Okay, let me get this straight ... Bernanke: Harvard graduate, PHD in economics from MIT.
Clearly, he's not stupid, so he must just be a LIAR.
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karennma
8,057 posts
msg #95700
- Ignore karennma |
8/17/2010 9:53:56 AM
How do you guys think all this bad news will affect the Real Estate market ... value of houses?
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TheRumpledOne
6,411 posts
msg #95719
- Ignore TheRumpledOne |
8/18/2010 8:55:14 AM
Watch
http://www.cnbc.com/id/15840232?video=1568273859&play=1
http://www.cnbc.com/id/15840232?video=1568296901&play=1
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TheRumpledOne
6,411 posts
msg #95720
- Ignore TheRumpledOne |
8/18/2010 8:59:28 AM
Real Estate market will be range bound for a long time.
The upper end will recover before the lower end... the rich have money, the poor doesn't.
I laugh at the latest round of "get rich quick" real estate guru's. If you buy a rental home now, who has money to rent it? Do you really want to gamble your tenant will have a job tomorrow? If you buy a fixer upper, who has money to buy it?
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