Posted on 08/11/2011 6:14:42 AM PDT by blam
It won’t be known as Black Monday or Friday, it will be known as Black August.
and there is absolutely nothing Obama can say to fix it, short of “I resign”.
Uh, that'd be racist with a International Socialist mulatto in office.
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I’m stupid I know but it seems to me like we know what has to be done but the politicians just won’t do it. They are divided and won’t do what is right. I guess they just don’t believe in it.
1. Cut spending, real cuts and they have to be in entitlements... leave the old folks alone. Cut at least $0.5 trillion a year. We can’t shock the system though. the 1% cuts proposal surely sounds reasonable.
2. Reform the tax code, make everybody pay and pay the same percentage. Not to exceed 20% sounds like a good number to me, 15% sounds better. Get everybody that works to have skin in what the government spends.
3. Get rid of all deductions
4. Reform welfare, make them work at something and supplement workers in low paying jobs. Don’t just pay them not to work. Surely, with all the trash and filth we have things that can be done.
5. Abolish obama care.
6. Get rid of Base Line Budgeting... it is an incomprehensible waste. Incentivize good management.
7. Reform Medicare and Medicade with lifetime maximum benefits and co-pays. The free and unlimited cycle has to stop. Also introduce competition to the medical system. Look what competition has done for the price of Lasix vision correction.
8. Reduce regulation DRASTICALLY.
We've been frugal our entire lives, never wasting, always economizing, trying to save for college for the kids, being diligent about paying off the house, and socking away as much as we can to retire. We drive old cars, hardly ever vacation, live in a smallish 1950s ranch house, etc. Just like most of you.
We've paid trillions and trillions to the parasites over the past six decades and what have we got to show for it? Crumbling society, constant hectoring about how we've lived "beyond our means," and perpetual warnings of the looming financial apocalypse that is going to wipe us out. Aaaarrrggghh! Forgive me for saying it, but I hope the entire ruling class (with a very few exceptions) roasts in Hell for all . It is these bastards from both parties who have destroyed our great nation to satisfy their own egos, lust for power and avariciousness.
Just as I and a few other people predicted what will happen to real estate, mortgage lending and the American economy way back in 2004 -- 2005 -- and 2006. And now proven 100% correct.
Not a single apology from the 'Bernanke can do no wrong' crowd -- better known as Banksters
” Just as I and a few other people predicted what will happen to real estate, mortgage lending and the American economy way back in 2004 — 2005 — and 2006. And now proven 100% correct. “
You and I have been involved with high level mortgage banking for years. Go back to the FR posts in the spring and summer of 06, when we both posted often that a mortgage crash of epic proportions was coming. I think I used the word “ bloodbath” We warned FReepers not to speculate in California and Nevada real estate, and to get out while you could.
It worked fine......we were mercilously flamed....LOL!!
It worked fine......we were mercilously flamed .... LOL!!
Pretty much summarizes what happens to truth tellers anywhere: They are castigated and smeared and disparaged by criminals and greedy profiteers . . . Why ___ ?
Because organized criminal activity really works as long as the sheep remain stupid and ignorant and silent
Sadly though, most people do not want to hear the truth or what reality is coming down the road when it interferes with their plans.
The stock market didnt crash in 2011 IT WAS BLOWN UP...
It was specifically and in your face torn apart..
FUBAR’ed...
Cloward-Piven WORKS... the system got overwhelmed ON PURPOSE.. its not an accident..
Beck warning about it.. AND its not over yet..
Top down, Bottom up, inside out must still HAPPEN...
http://www.youtube.com/watch?v=wZeoTskdsUM
Where did all those critics disappear off to? They used to descend like a pack of jackals on any thread warning of a housing disaster to come.
” Where did all those critics disappear off to? They used to descend like a pack of jackals on any thread warning of a housing disaster to come.”
They lost their shirts, that’s for sure : )
Maybe they were on Angelo Mozilo’s payroll......
I used to suspect that a lot of them were either mortgage brokers or real estate agents. They had pinned their future on the idea that the easy money would never end.
Excerpt:
'Since we’re on the subject of thugs; what about banker thugs? How many banker thugs are in jail for the mindless violence they have caused? Clearly the banker thugs are the primary motivator of the street thugs, because the life necessaries of the street thugs have been systematically removed from the streets, to the degree that crime is the only option, because there are no jobs there and there is no education on offer, because these thugs are not an operative part of the system of the banker thugs. Of course, these individuals from the street could not be part of their system and were never intended to be part of their system because, lacking the programmed, brainwashing education necessary, they are too smart to buy into it in the first place. * * *The reality is that we live in a criminal society. Sh*t flows downhill. Corruption at the top ensures corruption at the bottom. Why should street thugs not steal and why should they get the bare subsistence jobs that turn into a variation on ‘theft of services’, when the same thing is taking place at a much higher level, in the ranks of those above them, whose operations are creating the conditions that the people in the street are rioting against?
You can make all kinds of arguments against the reality of this condition but, slice it anyway you like, it’s the reason for it. We can wring our hands all we like and cry out that honest people don’t do these sorts of things but, honesty is for chumps in this time and place. Honesty is where you pull your pants down to be of assistance to the high born thugs, whose purpose is to sodomize you senseless. The street criminals insist that you pull down their pants by force. This serves the passionate preferences of people like Strauss-Khan, so it’s win-win for the banker, booty bandits either way. You bend over in anticipating acquiescence, with the de rigueur deliquescence, or you fight the ass raping by some means of personal initiative. * * *
“Cloward-Piven WORKS... the system got overwhelmed ON PURPOSE.. its not an accident..”
Occam’s Razor works. Cloward-Piven has nothing to do with it.
The US stock market has been going down as the dollar strengthens against the Euro. The Euro is in danger of breaking up due to the debt crisis of Greece and the rest of the PIIGS. Europe is in danger of heading into recession. Europe is China’s biggest customer. If Europe goes into recession China will follow. The US bond market has been attracting the scared money.
Cloward-Piven is a strategy for overwhelming a government welfare program in order to break it. A government program isn’t a market. You can’t “Cloward-Piven” the stock market.
” I used to suspect that a lot of them were either mortgage brokers or real estate agents. They had pinned their future on the idea that the easy money would never end.”
I’m certain at least half of them were agents or brokers.
They should have known better, but STUPID never takes a day off : )
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