Thread: more bailout news

Originally Posted by nonsqtr

Yes. The good news is, that some of these corps actually appear to be playing ball now. That is a VERY good thing. I must say, I'm almost SURPRISED by it. That's a very "capitalist" result, and I'm pleased by it.

What I mean, is this: up until about a week (two, three) ago, corps kinda had this arrogant attitude that they held all the cards. So, you as a customer, you could call 'em up with a problem, and depending on the corp, they'd kinda say, "there's nothing we can do".

Now, that tune is changing. I was just off the horn with a buddy of mine, who now has 400 dollars more credit on his card, than he did yesterday. And he hasn't made any payments. What happened was, he got the clowns at the bank card company, to REMOVE several hundred dollars worth of "fees" from his card, going back an ENTIRE YEAR! Right? Would this have happened three weeks ago? Probably not....

So, some of these corps, seem to be catchin' a heads-up all of a sudden, about which side their bread is buttered on. That is a VERY good thing! The corps you see goin' to the guvmint for help, those are the ones you gotta keep an eye on. The corps goin' to the PEOPLE for help, those are the ones that'll get my business.

Well that is some good news, but more and more corps are standing in the soup line, and hey free food taste best.

Hell man I can get credit card companies to drop charges, thats a no brainer. They take what they get or go to war. Most comply PDQ. It is like dealing with the IRS.

Originally Posted by nonsqtr

Yes. The good news is, that some of these corps actually appear to be playing ball now. That is a VERY good thing. I must say, I'm almost SURPRISED by it. That's a very "capitalist" result, and I'm pleased by it.

What I mean, is this: up until about a week (two, three) ago, corps kinda had this arrogant attitude that they held all the cards. So, you as a customer, you could call 'em up with a problem, and depending on the corp, they'd kinda say, "there's nothing we can do".

Now, that tune is changing. I was just off the horn with a buddy of mine, who now has 400 dollars more credit on his card, than he did yesterday. And he hasn't made any payments. What happened was, he got the clowns at the bank card company, to REMOVE several hundred dollars worth of "fees" from his card, going back an ENTIRE YEAR! Right? Would this have happened three weeks ago? Probably not....

So, some of these corps, seem to be catchin' a heads-up all of a sudden, about which side their bread is buttered on. That is a VERY good thing! The corps you see goin' to the guvmint for help, those are the ones you gotta keep an eye on. The corps goin' to the PEOPLE for help, those are the ones that'll get my business.

Well, my take is that consumers need to reign in spending instead of borrowing more unless they have the available income to service the debt that they assume. To many people are using credit as a means to pay for living expenses which is a receipt for disaster personally and nationally.

The government should be encouraging people to pay cash instead of assuming more debt.

Given the rate of liquidation in the market and the world this nation is quickly running out of time before the dollar collapses. Then all this money they are pumping into the economy will not only not have the effect for which it is intended but will drive us into hyper-inflation beyond anything this country has ever experienced.

The thing to do, if we are intent on helping people, is to let the market collapse, Do away with the FED, and explain to the people that we are going to have to lower our standard of living. Then we must balance the budget, set up a repayment plan to eliminate the debt and hopefully we can get a loan to start rebuilding our nation.

Point is we have gone to far and now we are left to living with the consequences.

Originally Posted by anonnymous

The thing to do, if we are intent on helping people, is to let the market collapse, Do away with the FED, and explain to the people that we are going to have to lower our standard of living. Then we must balance the budget, set up a repayment plan to eliminate the debt and hopefully we can get a loan to start rebuilding our nation.

Point is we have gone to far and now we are left to living with the consequences.

Yes. Is there no way to do this without having the market collapse?

Seems to me, there is.

I may be naive, but it seems to me, that a big part of this equation, is the "valuation" of things. See, 'cause, those guys on Wall Street, they kinda sit there lookin' at stuff and trying to figure out how much it's worth, right? Well, so, that valuation always occurs "relative" to something - usually shareholder expectations.

The key concept in all this, is "risk profile". That concept there, is what I call a "stake in the ground", in terms of the model. If that gets modified, then all the rest of the model changes too.

See, my take is, you get back to the 0 line FIRST, and THEN you let the market collapse. You don't let it collapse "now", when it's in terrible shape. You get it OUT of its misery FIRST, and THEN do the treatment. That is the same thing a doctor would do, yes? Stabilize the patient FIRST, and THEN go in for the invasive surgery.

Not sure if I'm makin' sense, but it seems to me that the "standard of living" part has to come FIRST. Wouldn't that be the better way to do it?

Originally Posted by nonsqtr

Yes. Is there no way to do this without having the market collapse?

Seems to me, there is.

I may be naive, but it seems to me, that a big part of this equation, is the "valuation" of things. See, 'cause, those guys on Wall Street, they kinda sit there lookin' at stuff and trying to figure out how much it's worth, right? Well, so, that valuation always occurs "relative" to something - usually shareholder expectations.

The key concept in all this, is "risk profile". That concept there, is what I call a "stake in the ground", in terms of the model. If that gets modified, then all the rest of the model changes too.

See, my take is, you get back to the 0 line FIRST, and THEN you let the market collapse. You don't let it collapse "now", when it's in terrible shape. You get it OUT of its misery FIRST, and THEN do the treatment. That is the same thing a doctor would do, yes? Stabilize the patient FIRST, and THEN go in for the invasive surgery.

Not sure if I'm makin' sense, but it seems to me that the "standard of living" part has to come FIRST. Wouldn't that be the better way to do it?

Well, yes and no. Yes, if this were merely a recession, that would be the best approach. No, that will not work now because companies are liquidating at an unprecedented rate here and in particular in the overseas markets. Once they rid themselves of their holdings in American dollars they will have no need to hold the dollar itself anymore. Evidence of this liquidation can be seen in the markets that the treasury secretary spoke of today.

Once the liquidation is complete the Arabs will no longer except dollars for oil. They are in the process of starting their own gold exchange in Dubai and developing a dinar currency backed by gold. They are in secret talks now with the Russians to gain their support in providing the military protection that we now provide.

The Russians are now in the process of building 6 more aircraft carriers and upgrading their military forces to become the naval force in the gulf and Mediterranean regions.

The world is changing and with it the balance of power. So, if we intend on being a player on the world stage we must allow the collapse and start over. The sooner we start over the sooner we will be able to rebuild our infrastructure and our economy.

Originally Posted by anonnymous

Well, yes and no. Yes, if this were merely a recession, that would be the best approach. No, that will not work now because companies are liquidating at an unprecedented rate here and in particular in the overseas markets. Once they rid themselves of their holdings in American dollars they will have no need to hold the dollar itself anymore. Evidence of this liquidation can be seen in the markets that the treasury secretary spoke of today.

Once the liquidation is complete the Arabs will no longer except dollars for oil. They are in the process of starting their own gold exchange in Dubai and developing a dinar currency backed by gold. They are in secret talks now with the Russians to gain their support in providing the military protection that we now provide.

The Russians are now in the process of building 6 more aircraft carriers and upgrading their military forces to become the naval force in the gulf and Mediterranean regions.

The world is changing and with it the balance of power. So, if we intend on being a player on the world stage we must allow the collapse and start over. The sooner we start over the sooner we will be able to rebuild our infrastructure and our economy.

Very interesting. I've never thought of things in quite this way. I will check into this model. Thanks for posting that. Thank you, sir.

(And, I'll come back and tell you what I've found, and what I think about it. Probably will take me a minute though.... but yeah, what you're saying makes sense).

Check into the COMEX while you are at it because December looks to be a major problem. Some people are sure to land in jail.

Originally Posted by anonnymous

Check into the COMEX while you are at it because December looks to be a major problem. Some people are sure to land in jail.

Look, your right about this post and the fact that the taxpayers will once again step in to bailout the thieves! RAT FUCK!!!

Sorry

Originally Posted by michaelr

Look, your right about this post and the fact that the taxpayers will once again step in to bailout the thieves! RAT FUCK!!!

Sorry

Its enough to drive one mad if you dwell on it to long. Thing that gets me is the people do not seem to get it. They should be so pissed at our government to demand this wap the mole stop!! We need to start putting these bastards in jail. You can bet if I robbed someone they would hunt me down like a dog. Maybe not if I were wearing a suit and tie.