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Posted on 01/04/2009 1:30:17 AM PST by rabscuttle385
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In a nutshell, yes.
I'm not smart enough to figure out what happens when half the money in 401K’s and stock portfolios disappears every several years or so but it goes somewhere! Follow the trail.
Seems we have a whole lot of looting going on.
bookmark
“Diversity is our strength”
—it’s equivalent to saying “Suicide is life-affirming.”
Forcing banks to make loans to uncreditworthy minorities, and putting up signs around every workplace insisting that discrimination for any reason is prohibited(all the while white males are systematically persecuted and pushed out so as to achieve “diversity”) amounts to a full-blown dystopia where having melanin means a blank check, and not having it means you’re fair game.
Our Presidential politics have taken the same form: An underqualified and Constitutionally ineligible person runs for, and is elected President, while attempts to point out his lack of eligibility and qualifications (and abjectly anti-American character) are silenced by a pandemic agenda to simply put someone with melanin into the White House.
How can any of this be remedied without a full-on confrontation?
“Sanders says essentially the U.S. has been bankrupted by bailouts and there’s no end in sight. “It’s just despicable to watch this happening. (President) Bush, certainly, was in favor of it. (President-elect) Obama I can’t see is going to stop it. He’s going to be in favor of that too. So, what we’re seeing essentially is a looting and bankruptcy of the U.S. government.””
Succinct and to the point. I completely agree. It is the heist of the century, and has happened before our eyes the last 4 months.
The price of oil sure is not helping. Been rising fairly dramatically this week. Up 10 bucks since Monday. That is a little over 25 %. Demand drops apparently are less significant then the fears of the Israeli war with Hamas. Better buy that cheap gas while you can. I am burning up 6 month old $4.22 gas and replacing it with $1.75 gas. Gonna be interesting to add the misery of high gas prices to the current state of economic conditions. That alone could roll us into a full blown depression. The last nail in the coffin. And we all know that the globally progressive crime families all want that oil price higher.
For anyone interested in dropping Sanders a note, here's a link:http://www.public.asu.edu/~absander/
A direct link to his e-mail address is listed.
This political bailout scheme by politicians of little expertise much less worth will go down as the costliest folly in American history, a folly that was preceded by innumerable but costly other follies by ignorant fools running our country.
I'm wracked with grief daily because I've spent the last twenty-five years of my life trying in person and mail and phone to halt the insidious bills and policies of these fools--and all for naught. Still, it won't always be for naught if we can get genuine conservative leadership two years from now and then again four years from now.
Regards . . . Penny
I don’t know who’s right.
At this point it may not even matter.
I can imagine the dollar is going to be worth a whole lot less. Boomers will have had their retirement investments devalued at the same time as they lose purchasing power in the remaining worth. I think retirement will not be a reality for many. Look out kids, we will be moving in with you.
Can you imagine the gigantic payoffs that will be hidden in that bill that will never even be read before it becomes law?
Our country will not survive in its present form. There will be a fundamental change brought about in the streets and villages at the hands of an angry, uncontrollable people who will once and for all take their country back from this madness of thieves and liars.
ping
A leadership vacuum in the White House will do that.
There are only two ways that the US and it’s citizens can ever hope to get out from under the crushing debt burden that we have.
Massive devaluation of the US$, in order to pay back the debt with much cheaper Dollars.
Or, outright default.
Neither of the above is a pretty picture, with both having drastic implications.
I’m fairly certain we’re going the devaluation route. The semantic game of using the term “quantitative easing” after interest rates have been slashed to zero is just a high fautin’ phrase for the sheeple instead of just telling them what it really means, printing more funny money, backed by nothing.....errrr.....I mean backed by the “full faith of the US Treasury”......although, “nothing” is probably more descriptive.
We’re now in the unenviable position of having to borrow ever larger amounts of $$$, just to pay the interest on the existing debt.
I’m predicting that while it took Bush 8 years to nearly double the National Debt, Barry will triple it from these lofty levels in less than 4.
“Quantitative Easing” should be a wake up call for all with investable Dollars, to buy as much gold, silver and shortly agricultural commodities....and yes oil. I had never bought oil itself until last Monday, when the chart on USO, the US Oil Fund was too compelling to pass up. A high volume washout out the prior week told me that all the traders trying to bottom fish oil for the last 6 weeks finally threw in the towel, I bought at $29.06, eight pennies off the low of the day, with a close on Friday just under $36. Damn fine return for a four day trading week.
We are in for some “interesting” (for lack of a better word) in the next couple of years. I see Barry’s sky high approval ratings plummeting to the low 40’s% area within a year. I see the rats getting killed in the 2010 Congressional Elections.
Unfortunately, pervasive greed, corruption and public officials only interested in their own personal enrichment, has, in my opinion made the Republican party no longer much of a viable choice.
God knows where it leads, but violence from mobs of citizens in the streets is looking to me to be a better than even money bet.
Speaking of greed of public officials, follow the money.
If even a small fraction of the bailout money ends up in the campaigns of Congressmen and Obama’s reelection, they won’t even have to raise money to be cash rich.
A minimum requirement for all companies receiving baliout money should be that no political or charitable donations are allowed until everything is paid back.
We can get back to a Cash Only system if we can be rid of our Unsecured Debts. There is a legal way to do this. Am I stealing from the Treasury? Nope, I have CongressCritters to do that for me. The Banks got their money . . . and instead of helping out the credit card holders they gave themselves bonuses and perks. Too bad for them. They got their money . . . and I got my personal bail out. See tagline.
And who's the government? We are. Check your 401K, your home value, or the weakened dollars in your pocket.
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