Posted on 03/07/2009 11:30:45 AM PST by Sybeck1
NYT SUNDAY: Obama can not assure economy will grow again by end of year; Urges Americans not to 'stuff money in mattresses'... Developing...
“This from a guy who thinks a P/E ratio is a ‘profits to earnings’ ratio.”
OMG! Did he actually say that?
There is no better way to start a bank run than the president to say these kind of things.
I think that he wants a melt down.
Yes he did...stupid sucka that he is....
What money?
O ne
B ig
A ss
M istake
A merica!
See #10.
Oh, OK. Now I know what to do. I’m relived.
Stupid bastard.
"What a stupid thing for him to say."For this profoundly ignorant, unaccomplished, classless piece of mediapuffery, I am coining a new expression, namely: 'Stupid does as stupid is.'
I question how to survive the next four years short of not listening to any cable media outlets except for music and garden shows. Also helping me survive is the knowledge that the Chrissys and Olbermans and Schusters and other like-minded shills are losing more in their 401K plans than I am.
Regards . . . Penny
Ditto exactly here!!! In fact I just completed a sweet purchase of a) and b). Looks good, feels great!!!
Stuffing cash is not very smart because the upcoming inflation will make it worthless. Plus, they can print new bills that have expiration dates on them, force a exchange of all old bills, with a severe limit as to the total amount you can exchange, then just keep printing the new stuff.mojitojoe responded:The expiration dates are there to encourage spending as you will only be able to exchange currently expiring ones to new within the given limit, thus ensuring you can NEVER become wealthy and keeping you beholden to the Government and it's thugs.
BS
More than 10 years ago a local talk show host was interviewing an economist at the Federal Reserve about just such a plan. I was outraged and wrote (real letter with a stamp in the pre-email days) asking for more details. He was nice enough to send me a copy of the Fed's research paper detailing the reasoning behind and that they might need to do such a thing during a deflationary depression (inflation normally does that same job of partial confiscation every year), but it didn't have any implementation details other than the possible need to have expiring currency to do it.
It was a way to force people to keep money in the banks and circulating in the economy if the Fed was trying to push a negative interest rate plan during deflation. Banks would charge a service fee to hold your money and the best return for individuals without forcing it to expire would be to hold stacks of bills. If everyone did that it would shut down the entire fractional reserve banking system.
I wish I had kept that paper (or could find the box I shoved it into).
Oh and Congress knew on March 13, 2008 the economic meltdown was coming, and the lizards did not let people know, only a few leaked the info through indie(independent media)outlets.
http://www.mortgagegrapevine.com/thread/?thread=547844
Don’t worry; I won’t be doing anything as silly as that. These days they are more secured areas to stash it away.
May I reccomend XM radio? I was gifted with one, has the gear for in the house and in the car. Channel 164 has old radio shows, channel 163 is the book channel. The news, local and national, has been banned from “my” tv- dh is still watching it, but never in the same room as I.
Oh, and XM is having a sale. I got a year’s subsciprtion for about $5.33 a month. It includes all the zillions of channels...this way I control what sends my blood pressure skyrocketing. FR is my main source of news, and the Anchorage Daily Bird Cage liner.
(I know it’s not smart to have a “bunker mentality”, but I figure if I just keep my head down and food on the table, we’re ok. so far, works for me!)
“...the right of the people to keep and stuff mattresses...”, with silver, gold and Glocks.
Veggies? Isn’t that what meat eats before you shoot it and put it on the table? Oh, you mean taters!
With Al Gore’s global warming, we’ll be able to grow vegetables all year long, all over the US and most of Canada. What’s to worry?
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