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can't sit still
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Post by can't sit still » Wed Jul 01, 2009 5:05 pm

Rabbi,,, good to hear from you. I'll try to make it out. Can't promise though. On another topic, I was thinking about the well on your property. If you look at the Tesla radiant energy receiver, it calls for a raised receiver and a deep probe in the ground. Do you know anyone who would set a power pole up near the well for cheap? You could always o put a big wind gen on it. Dan
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Post by can't sit still » Wed Jul 01, 2009 5:06 pm

Don't think I double clicked?
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Post by Ugly Dougly » Thu Jul 02, 2009 10:45 am

Oh, you did. You did double-click. And we have the evidence of this.

Have a happy fourth!

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Post by can't sit still » Mon Jul 13, 2009 7:36 am

This article is a well-organized look at past and future trends;
http://theburningplatform.com/economy/b ... s-coming-1
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Taste Like Paper Paste...

Post by Rabbi Dali Rick » Mon Jul 13, 2009 4:12 pm

Party at my place this weekend Dan, Hippy is coming out to visit and she will be there till Sunday. She asked about and how you were.


Bring your gunz.....







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Post by can't sit still » Mon Jul 13, 2009 4:35 pm

Rabbi, Thanks for the invite. I have tentative plans to go to Oregon this weekend. I'm checking out land. CIT group is ready to default. That would bring down about 700 major corporations here. Things are really falling apart. This is a good read. The guy is really inspired. http://fofoa.blogspot.com/2009/07/call- ... arian.html

The truth is that everybody bought stuff by promising their future labor. In competition with the third world, we priced ourselves out of a job. Now, we don't have the fruits of the future labor that we promised.
I have a sneaky suspicion that GOV is going to try to dump the FED AND try to make the FED responsible for all the debt. The shit will fly.
If I don't make it out there, give Hippy my regards. I wonder now and then how fortune is treating her.
Dan
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Post by can't sit still » Wed Jul 15, 2009 6:06 pm

Well, GOV is spending a shitpot of money,,,, in your name. Is it going to do any good?
Here's some quotes from an interesting examination of the economy;
"Thus Barro and Perotti are saying that each $1 increase in government spending reduces private spending by about $1, with no net benefit to GDP"
"The most extensive research on tax multipliers is found in a paper written at the University of California Berkeley entitled The Macroeconomic Effects of Tax Changes. This study found that the tax multiplier is 3, meaning that each dollar rise in taxes will reduce private spending by $3."
"This policy mix is the same approach that failed in the U.S. from 1929 to 1941 and also failed in Japan over the past two decades"
http://www.marketoracle.co.uk/Article12008.html
In general reading, it appears that GOV is doing everything wrong. GOV is following the tired old Keynesian doctrine that has proved wrong in the long term. Various writers expect the depression to continue for 20 years.
Wall street would like to believe that the consumer is just an insignificant nuisance. The consumer is tired of this crap and is going to walk,,, credit cards and all. As long as the GOV / Banks try to resuscitate an unworkable system, we'll keep going down.
The previous economy will never return and GOV will get caught in a trap of trying to service an ever increasing debt with a declining income. The debt-to-GDP ratio is the highest since 1870. The budget office says that debt service will take 100 % of GOV's income in a few years. Cap-and-trade is just a big scam to drag in more money,,,,, no matter if it is terminal for the economy. Imagine how the economy will flourish with $ 9 a gallon gas. :cry:
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Post by Red Dirt Mother » Thu Jul 16, 2009 2:01 am

[quote="robotland"]Out here, that the marshlands are full of cranes is more comforting.[/quote]

Agreed! I recently saw hundreds of them in Yellowstone.
~Lizz

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.. That's A Pickle, Not A Suppository....

Post by Rabbi Dali Rick » Thu Jul 16, 2009 11:48 am

WHO: House Financial Services Committee
WHAT: Hearing on the Semiannual Monetary Policy Report to the Congress
WHEN: Tuesday, July 21 10:00 a.m. (EDT)
WHERE: Rayburn House Office Building, Room 2128

The fed is sending Bernanke to give the report. This is going to be a F'g riot. It will be webcast live at this link.
financialservices.house.gov,
Source: financialservices.house.gov



the rebbi

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Post by can't sit still » Mon Jul 20, 2009 7:24 pm

Here's a good article; http://news.goldseek.com/GoldSeek/1248098201.php
"organized greed always defeats disorganized democracy."
"That bankers at Goldman Sachs will receive record bonuses the same year millions of Americans will lose their homes and their jobs is not by coincidence. "
"1982, Yale University Press, special interest groups arise in all nations and it is their presence and power that ultimately destroys the nations they dominate."
"The longer the period of stable government, the more special interest groups will form to rob the economy"
"In the coming days, paper-based IOUs will become increasingly worthless and in the coming years, most IOUs will have little or no value, including government treasuries and currencies, as IOUs increasingly become ICPs—I Can’t Pay."
The general consensus is that GOV will default before the end of the year,,,, possibly at the end of September. 50 % of the people in this country depend directly or indirectly on a check from GOV. There will be much wailing, gnashing of teeth and rending of garments.

Japan will be hit the hardest. They import 100 % of their energy and 80 % of their food. The US will get hit badly. Obama is glib but, not particularly intelligent. I don't expect GOV to respond or organize things much better than they did for Katrina. Even the response to the more recent Iowa floods was weak and disorganized.
GOV will have to chose who to pay with the money that it has. It can pay China,,, or Japan,,,,or Russia,,,,, or our oil suppliers. Canada, Saudi, Iran, Russia and Venezuela. I think that China and Japan will get the big squeeze.
Of course, if we squeeze China, they may no longer send us the 17 important metals and raw materials that we can't get any where else. The US has no domestic production of manganese for instance. There are many rare earth metals also;
http://news.goldseek.com/GoldSeek/1248073740.php
Imagine trying to produce steel without manganese.
The biggest user of petroleum in the world is the US military. If the military demands an unreduced supply,,,,,, and if GOV fails to reduce it's consumption, we'll only have a couple of weeks to get to where we plan to spend a couple of years.

When Clinton was told that welfare would take the entire budget in a few years, he cut the crap out of welfare. The congressional budget office just reported that debt service would take the whole federal budget in a few years. I expect that GOV is going to stiff quite a few countries.
Well fellow Burners, this is getting very real.
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Post by Ugly Dougly » Tue Jul 21, 2009 10:36 am

I don't think they will forget the importance of interdependence. It's one thing that keeps us from blowing each other up.
Independence is just a slogan for elections.

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Post by can't sit still » Fri Jul 24, 2009 8:03 pm

Well, there's news that is hard to digest. I'll post it with some comments from someone who apparently understands the importance.

"'The most striking thing about the current situation,' said Kunstler, 'is our inability to construct a coherent consensus on what is happening to us and what we are going to do about it.'
"Then the Fed made a shocking prediction. It forecasted that the U.S. economy would add NO NET NEW JOBS over the next five years! Whoa!"
That's not a great surprise considering that we lose about 650,000 jobs a month.

"We learned that the feds have put up an amount equal to more than 150% to GDP to bailing out Wall Street: $23 trillion. No wonder Goldman is reporting record bonuses!

"We have to spend money to keep from going broke," says Joe Biden, a man who is out of his depth in the bathtub. "
"The Fed is selling all of its securites -- its holdings of the national debt -- in exchange for its own soon-to-be worthless reserve notes."
"The Fed has turned over its securities to the elite circle of money mechants in exchange for the dollars both parties know will soon be a tenth or less of their current value. The Fed's ownership of a portion of the National Debt is no more"
"but the interest paying US debt that has been sold has been paid for with dollars that the financiers needed to dump because they know those dollars will soon be worthless -- in fact they are the one's who have made those dollars worthless!"
"
The fed is planning moves that would more than double its balance-sheet assets by September to $4.5 trillion from $1.9 trillion" $ 2.6 trillion more money before September "It means that for every dollar in America in September 2008, the fed is going to create fourteen more of them!"
"833 Billion. This translates as 583 Billion dollars circulating abroad (70 percent), and 250 Billion dollars circulating domestically (30 percent)"
"that gives us a 262 Billion domestic monetary base as of September 2008. Now compare that to the projected US domestic monetary base for September 2009 which is 3,818 billion (4,500 billion – 583 billion (dollars circulating abroad) – 99 billion (other fed liabilities not part of the money supply)). The fed’s planned balance sheet expansion results in a 15-fold increase in the base money supply."
Lots of people have called for the abolishment of the FED. It seems that the FED beat us to the punch and sold off all of it's US debt.
If you think that the FED forked us good since 1913, this is a gigantic step up in the forking. The banksters will print up 15 times as much money and exit the stage.
The FED has a long history of screwing us but, this looks to be the grand finale.
http://news.goldseek.com/LewRockwell/1248443486.php

Empires come and go but the US is setting a speed record. Arnold Toynbee.
http://www.24hgold.com/english/contribu ... eyerz&mk=1[/u]
All this is happening on very short notice. There is a very good reason for that. :cry:
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Post by Oldguy » Sat Jul 25, 2009 12:14 am

No cold winter...Hot summer, drink water or die!
Image current moon
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Post by can't sit still » Fri Aug 14, 2009 8:35 pm

Old Guy, we'll all be surviving on water and bacon. GOV is working hard at suppling BS and pork.The sad news is unemployment.
"deterioration seen in the employment not only over the past few years, but really over the past decade. The employment to population ratio peaked at 64.7% in April of 2000, one month after the peak in the secular bull market that began in 1982, and has been in decline since with the recent recession showing a dramatic decline in the ratio down to 59.4% presently"
"With the percentage of full time employees to total employment resting at record lows and the number at work part time resting at nearly 18 million"
Our overall employment has gone down 5 %,,, much of it during boom years. Now that employment isn't fueled by rising debt, what is going to create lasting jobs? Between automation and Asian competition, what are we going to DO? They expect another "jobless recovery" http://www.financialsense.com/Market/cp ... /0812.html


It's not just the U.S.. China is reporting a booming economy. BUT, their electricity consumption is way down. China moved 300 million from the countryside to the cities. Now, millions are returning to the farms. Their export-driven economy isn't exporting, regardless of their reports. The whole world has a surplus of workers.

We went from an agrarian society to an indusrial society to a tech society to a computer-driven automated society. Each step required fewer and fewer people to keep things going. We've reached the point where we just don't need many people. The Emma Maersk hauls 13,000 containers with a crew of 11. 100 years ago, it would have taken 10,000 sailors to move that much freight.

Do we have to go socialist by default? If only 10 % of the people are working, are the rest going to be alcoholics? The U.S. financial system has priced us out of competition worldwide. Will that change?

Will only smart people get jobs?
"According to the CDC, 66% of adults over the age of 20 are overweight or obese. That is approximately 140 million adults. Somewhere between 15 and 20 million Americans can be classified as alcoholics. As many as 50% of those on welfare are alcoholics. There are 225 million people over 18 years old and 32 million of them do not have a high school degree. There are 32 million adults or 14% who are illiterate (23% in California, 22% in New York, 20% in Florida, 17% in New Jersey). The United States’ spending per pupil in public schools at $9,266 is in the top 5 in the world. New York and New Jersey spend $14,000 per pupil and one-fifth of their adults are illiterate. "
http://theburningplatform.com/economy/american-idiots-1
It's obvious that GOV can't continue to borrow money to give a job to every Ton, Dick and Mary. When GOV defaults, public payrolls are going to be cut drastically.

GOV has "borrowed" $ 4.2 trillion from Social Security and the Gov employees retiremenmt fund. The money is gone. The crash has wiped out retirement plans for millions. Will the old folks work til they die? Will the younger people be able to find jobs?
What will the employment picture look like in 5 years?
Too many people,,, not enough job niches. :(
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megamillionaires of energy

Post by Oldguy » Fri Aug 14, 2009 11:22 pm

I heard on the news tonight that out of the top ten megamillionaires in America, seven were in the " energy " business, Is any CEO worth 700 million in today's economy? We all know that gas taxes power the government. Without the oil money, there would be no need to be in the middle east and asia. Bush was the oil man pusher.We need to get off the petroleum drug, but like addicts we as a nation can't kick the habit. I'm afraid soon we'll have to go cold turkey. Some of us have gone alternative, and we'll be ok. Eventually.
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Post by can't sit still » Sat Aug 15, 2009 8:44 pm

While it's obvious that the economy is staggering along, there are other sectors that have a different set of problems. GOV, banks, The dollar.
Martin Armstrong, a Princeton professor, came up with a computer program with 23,000 variables. Don't quote me. His program could very accurately predict the economy. GOV demanded his code and program. he refused and the threw him in prison for 7? years for contempt. After that they charged him with fraud and sentenced him to 6? years. No, he never had a trial.
He has done some brilliant writing. There is another guy who seems to be brilliant who goes by the nom de plum of FOFOA. He has a real talent for making convoluted concepts understandable. He has written a paper that combines some of both his ideas and the ideas of Martin Armstrong.
http://fofoa.blogspot.com/2009/08/waterfall-effect.html

"We will have hyperDEflation in everything measured against real money, GOLD, and we will have hyperINflation in everything measured against paper dollars."

You hear so much about the dollar and the economy, It's next to impossible to decide who is right. I look for superior logic;
http://fofoa.blogspot.com/2009/03/all-p ... on-on.html
Now , all of this may seem very dry and boring but, it affects all of us.

The S&L blowout was engineered. The dot-com crash was nurtured. The housing bubble was manufactured. When Greenspan kept interest rates WAY low, he knew what he was doing. Our monetary system is unstable and unworkable. Central bankers created bubbles to steal enough money to postpone a crash. The alternative was for them to abolish fractional-reserve banking and usury. They've bled the system dry and there's no more to steal. They would like to make a quick $ 5 trillion on carbon credits but, the economy has no more blood that it can afford to lose.

There's something like $ 5 quadrillion in instruments in the world but there's only a few hundred trillion worth of goods and services. Much of that stuff only has value of it's utilized. The consumer has been bled white. As long as the consumer has no more blood,,,, all those expensive factories have no value.

Obama and the FED are trying to ":goose" the consumer to go on a spending spree. The mood has shifted and nobody is buying that credit BS. Those "green shoots" are just punji stakes. The contraction spiral isn't about to let up any time soon.
The banks are going to fight tooth and nail and ,,, printing press to stop the fall.
The usual deception is to start a war to take people's mind off the poverty and lack of jobs. We already have 3 wars.

GOV is gearing up for the police state. The bubbles were an act of desperation. The police state is the last act. Our GOV is overrun with greed and incompetence. This is who we have to depend on for all the life-and-death decisions, planning and strategy for surviving the national insolvency. :cry:
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Post by can't sit still » Thu Aug 20, 2009 7:57 am

Jim Sinclair says that the US has 81 days to do a complete turnaround. I sure as hell don't know if he's right;
http://jsmineset.com/2009/08/19/the-cou ... he-dollar/
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Post by Ugly Dougly » Thu Aug 20, 2009 10:11 am

Ah, yes, the end of the world is tomorrow.

Again.

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Post by can't sit still » Thu Aug 20, 2009 5:51 pm

Dougly, I'm not talking about the end of the world. BUT, you have to keep in mind that California plans to borrow $ 13 billion in Aug and Sept. If that doesn't happen, Ca will have to shut down the state GOV. That might cause a big bump in the lives of many.
The leading indicators of the economy show that things will get worse in the future. Once again,,, not the end of the world. BUT, it's going to be very hard on people with no job or savings. The leading indicators lead by about 12 months.
"# Corporate profits after tax have experienced the most severe collapse in history.
# Net corporate dividends again have an historic collapse."
"# Total personal consumption expenditures is negative for the first time in modern history!
# Final sales to domestic purchasers, negative for the first time in modern history!
# Final sales of domestic products is, you guessed it, negative for the first time in modern history"
http://theautomaticearth.blogspot.com/2 ... crack.html
These indicators just show a declining economy, not the end of the world.

The Jim Sinclair post is about the dollar, not the economy.
"n 1971, the then US Secretary of the Treasury, John Connolly told his European counterparts: the dollar is our currency but your problem."
The world has gotten tired of our shitty currency. It appears that the general policy will be to denominate future contracts in some other exchange. There are currently $ 2.4 quadrillion in contacts that are denominated in dollars. They can't be changed over so, they will gradually be retired.
The world wants stability and the FED is trashing the reserve currency. It's not the end of the world, just a business deal.
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Post by Ugly Dougly » Thu Aug 20, 2009 7:31 pm

Nobody wants California to collapse. Everyone, even the Chinese, even the Republican party ;) would suffer from that. So they will shore it up. We will probably see a constitutional convention in a few years.

The bottom line is that we have the same amount of raw materials, the same number of talented people, the same number of great ideas. This is how we became wealthy. I think that credit is just an instrument; when California was founded, the currency, "California bank notes" were rawhide, I kid you not.

http://www.duke.edu/~agf2/history391/economy.html
During the gold rush this definition changed as ounces of gold dust circulated as a new payment for goods and services, replacing the previous currency of cowhides, which had been known as "California bank notes."
So what do we do? What we always do, adapt.

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Post by can't sit still » Thu Aug 20, 2009 8:09 pm

Dougly, I won't argue with anything that you say. The basic problem is productivity. We can't drill coastal oil. The big money-maker, the central valley can't get enough water from federal dams. Aerospace is declining. Even film production is "runaway" Mandatory "humane" production of poultry and other animals will chase away the entire industry in 4.5 years. The [necessary] fishing quotas are retiring much of the fleet. Environmental protections make Ca uncompetitive in many sectors of mining and industry. Until just recently, China had big plans to shift the port business out of Ca and into Baja California [Santo Tomas]
I seriously doubt that we can adapt to 30 % unemployment. We don't have a lot of choice so, we'll just have to wait and see. The basic -food business like egg sales is down 10 %. It's attributed to people leaving the area.
CA GOV employs 324,000 people. Payroll grew in boom times but, GOV doesn't want to shrink commensurately in lean times. The Keynesian mandate is for GOV to spend and hire like crazy during downturns. It's ALL a crock of crap that is going to crash on the rocks of insolvency. Ca could lay off every state employee and it still wouldn't be able to close it's budget gap. We're going to adapt alright :( :cry:
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Post by can't sit still » Thu Aug 27, 2009 5:19 pm

If you listen to Ben Bernanke's speeches, you can tell that 'he's always been in academia. He doesn't have a clue what the practical world is like. He claims that our financial system is "strong" The dunce should know that they're holding on to all the stimulus money because they're going to lose trillions in the near future. All the indicators have turned to crap but, the cheering squad says that the recession is over.
If you want to listen to someone who saw this all along and makes perfect sense, listen to this Australian;
http://www.marketoracle.co.uk/Article12961.html

if you want a good idea of where we will be in 5 years, read Mish;
http://globaleconomicanalysis.blogspot. ... ction.html
The big argument is inflation / deflation. From what I've read, I suspect that we will have price inflation in necessities and price deflation in non-essentials. The world is in over-supply for widgets and cars. Even with tons of empty houses, we're still building new ones.
It's going to take years to change out failed economic models. The Japanese haven't gotten it right yet.
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Post by can't sit still » Thu Sep 03, 2009 5:44 pm

It looks like Goldman Sachs is going to take a bullet in the head. We rated our toxic loans as AAA. We manipulated commodities. China is crying foul. China has told their banks that they don't have to honor the stuff that they feel is fraudulent.
I thought that the remaining derivatives amounted to only $ 620 trillion or so. Fulford claims that they amount to $ 5 quadrillion.
China's biggest market is the EU, not the US. If they dump our paper, there isn't a whole lot we can do. It's possible that we were getting ready to default on treasuries and the Chinese beat us to the punch. It's really hard to say how this will play out. The Chinese have $ 750 B in agency debt and $ 750 B in treasury debt. If these debts are going to turn into worthless paper anyway, The Chinese may be way ahead of the game to dump their contractual obligations.
Everyone has always said that China would choose the time of their exit from US paper.
Since the US is actively trying to block China's access to Asian oil, They may have decided to kick our economy off the cliff.

http://www.rense.com/general87/d2l.htm
China claims that they are booming but, their electricity consumption is way down. They aren't selling much to the US either. <18> months ago, I read that Chinese banks were siting on $ 1.4 quadrillion in bad loans. Their economy is in a bubble. They may be trying to stabilize their banks by allowing them to default on obligations.
What a mess !!
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Insiders sell like there's no tomorrow

Post by Rabbi Dali Rick » Sat Sep 12, 2009 8:25 am

Can hundreds of stock-selling insiders be wrong? Are they dumping all their stock portfolio's, and holdings and cashing out and running, since the end game is virtually being played out in the world theater?...



http://money.cnn.com/2009/09/10/news/ec ... 2009091107







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Post by can't sit still » Sat Sep 12, 2009 4:21 pm

Rabbi, I was thinking of making a youtube flick about the basic problems with our economic system. Nobody is talking about the absolute basics. Problem is; I don't have any kind of camera. Wanna get involved???
Dan
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Poverty It's What's For Dinner....

Post by Rabbi Dali Rick » Sat Sep 12, 2009 4:38 pm

Sure...

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Post by can't sit still » Tue Sep 15, 2009 8:36 pm

There's a Guatemalan guy here who doesn't read or speak English. I told him that Bernanke [El banquero central] said that the recession is over. His immediate reaction was laughter.
Next, we read that Great Britain is so broke that they can't build the Trident, institute the national ID card or fuel-up their navy. We also learn that GB is the largest buyer of U.S. Treasury debt. The Chinese were getting real nervous because the U.S. was monetizing it's own debt. A 10 year old could figure out that the FED is sending "instant Cash" to GB to buy U.S. treasury debt. One has to marvel at the depth of stupidity of GOV in claiming that the recession is over and that the Brits are buying all that debt. If a 10 Y.O. and an itinerant Guatemalan can figure it out ,,,,, does Bernanke think that he's going to fool China?

34 million Americans are on food stamps. The published poverty rate is 13.4 %. The default rate for corporate bonds is the highest in history. Credit card and ARM loan rate defaults are above 10 %. The true unemployment rate is about 20 %
Why do the morons in GOV even open their mouths? The consumer has no money and no credit. Why blow sunshine up his ass when it won't make any difference? Why kill what little credibility they have left?
The banks still have a problem;
"Stiglitz Says Banking Problems Are Now Bigger Than Pre-Lehman". Stiglitz went on to say that "The problems are worse than they were in 2007 before the crisis." As I've said before, if every bank in the U.S. foreclosed on all the real estate they should, and marked their ABS, MBS and CDS paper to 'market'... 99% of all banks in the U.S. would be insolvent"
This is a guy who got a Nobel Prize for being right about economics.
The shipping industry isn't doing so well either;
http://www.dailymail.co.uk/home/moslive ... ssion.html\
Buncha idiots :evil:
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Rabbi Dali Rick
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Joined: Mon Sep 01, 2003 9:28 am
Location: Red Rock City, California
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It's not the Size of the Shoe....

Post by Rabbi Dali Rick » Wed Sep 16, 2009 10:48 am

wow! it's worse than we all feared, and the covers will soon be thrown back by reality. O woe is me, what shall we do? will we survive? when will the enevitable other shoe drop, the one that will step on all those left.




the rebbi

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Rabbi Dali Rick
Posts: 1848
Joined: Mon Sep 01, 2003 9:28 am
Location: Red Rock City, California
Contact:

Bite Me....

Post by Rabbi Dali Rick » Wed Sep 16, 2009 11:09 am

Several cities have ordered and received these machines to help with mass crowd control, by their Law Enforcement agencies. Here is an article about the one in San Diego, being deployed.

http://www.10news.com/news/20931535/detail.html

They say they will only be used for good, like helping search-and-rescue teams and warning residents during fires or floods, yet they brought one to a recent San Diego town hall meetings in case things got out of hand.




This will be the last Shoe he'll throw...

Iraqi 'shoe-thrower' shot dead by US forces
http://www.breitbart.com/article.php?id ... _article=1

Calif. Courts have started closing to save money.


http://www.boston.com/news/nation/artic ... atest+news

the rebbi

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ygmir
Posts: 29387
Joined: Thu Sep 20, 2007 8:36 pm
Burning Since: 2017
Camp Name: qqqq
Location: nevada county

Post by ygmir » Wed Sep 16, 2009 12:48 pm

http://www.silverbearcafe.com/private/0 ... stock.html

I wonder why the left ignores this? especially the MSM.............

I saw nothing on the news about it......but, then again, I don't pay much attention to the MSM any more............
I'd have to imagine it got at least a mention somewhere?

Nothing, of course, compared to the (probably a million but we really don't know, well, at least many thousand) man march.........

just for balance......most here seem left biased, so, I just thought I'd post it.
YGMIR

Unabashed Nordic
Pagan

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