OT: Regarding the current economic situation...

[pundit]

So I guess there'll be plenty of politicians buying up stocks at this point now that prices have dropped after the bailout was rejected.

Then next Thursday after they finally agree to pass the bailout, guess what, the stock prices will go up, the politicians will then dump their stocks again making a tidy little profit and the market will plummet again.

You gotta hand it to 'em.... and YOU ARE... ON A PLATE!!

[pundit]

Peter Schiff - "America is broke".... here

[632 Regal]

here: "Global money markets were frozen even as central banks poured hundreds of billions of dollars into the financial system to persuade financial firms to stop hoarding cash."

so why arent they the ones pouring money into USA banking vs us pouring money in??? Greed. Good ole banker greed... let them fail we are destined anyway. wonder how much Bernanke and Paulson stood to prosper from this last minute scam. Geez

[pundit]

here: "Global money markets were frozen even as central banks poured hundreds of billions of dollars into the financial system to persuade financial firms to stop hoarding cash."

so why arent they the ones pouring money into USA banking vs us pouring money in??? Greed. Good ole banker greed... let them fail we are destined anyway. wonder how much Bernanke and Paulson stood to prosper from this last minute scam. Geez

Well Paulson wanted the 700 billion with no oversight or conditions attached.
It shows you these people are from a different planet.

Bailout out or not, economically, the game is up for the U.S. The phoney economy has been maintained by subsequent U.S. Administrations for decades and now all the chickens are all coming home to screw everyone.

I'd be looking for ways to reduce my living expenses such as food and basic necessities .... remember plasma TV's are low in fibre and vitamins and don't taste too good anyway.

[632 Regal]

exactly, working my way back from the abyss of govt backed securities that caused a 96% loss in fun ds. Workin back slowly, half a grand a day with only 2K is a long LONG road back up there. 6 months Ill have another party and fly friends in from the world. The band is gone now bur have a new one on idea... MBXB is good byt their videos from 6 weeks away are blurry.

[632 Regal]

The Yays have it by 5:3 shall we take a recount?

[MBXB]

Here's an e-mail doing the rounds of the financial community that gives an interesting perpsective on the latest market turmoil -- and where some might wish they had invested given a second change.

"If you had purchased $1,000 of United Airlines parent UAL stock one year ago, you would have $200 left.

With Fannie Mae, you would have $2.50 left of the original $1,000. With AIG, you would have less than $15 left.

But, if you had purchased $1,000 worth of beer one year ago, drunk all of the beer, then turned in the cans for the aluminum recycling REFUND, you would have $214 cash. Based on the above, the best current investment advice is to drink heavily and recycle."

[repenttokyo]

Here's an e-mail doing the rounds of the financial community that gives an interesting perpsective on the latest market turmoil -- and where some might wish they had invested given a second change.

"If you had purchased $1,000 of United Airlines parent UAL stock one year ago, you would have $200 left.

With Fannie Mae, you would have $2.50 left of the original $1,000. With AIG, you would have less than $15 left.

But, if you had purchased $1,000 worth of beer one year ago, drunk all of the beer, then turned in the cans for the aluminum recycling REFUND, you would have $214 cash. Based on the above, the best current investment advice is to drink heavily and recycle."

yeah that is as old as the hills.

[pundit]

"Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out."

Andrew Jackson the 7th President of the USA addressing a banking delegation in 1832.

[The Bigfella]

Is this Martenson the clown who reckons you should get rid of the Fed?

Swallow that crap and you deserve everything you get.