5/12/09: Has The Spring Rally Run Out Of Gas?
Posted by the912project on May 12, 2009 · 142 Comments
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142 Responses to “5/12/09: Has The Spring Rally Run Out Of Gas?”The Restoring Honor Rally August 28, 2010
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A lot of people have "Pie in the Sky" ideas and try to look positive at our economy. I can't blame them, but reality tells a different story..Loss of jobs and home foreclosures really tell the tale..
No the 9 12 movement is STRONGER today than even yesterday,,,as its SPREADING with EDUCATION,,ORG,,,what some see is only the tip of the SPEAR,,,the real shaft ( of those polictions goingto be UNEMPLOYEED)to those in office when elections come around,,,as events pop up near them,,,POLITICANS keep your eyes , ears open,,,as there is NO doubt T Bags are near you,,,,It is something those in DC are used to doing the miniorty adgends,,that GOD fearing,,,COUNTRY COMES FIRTS,,US CONSITUTION loving ,,hard working,,ANTI BIG BLOATED LEECH GOVERMENT,,OVER SPENDING WASTE of TAX DOLLARS< LIYING RETORIC DAYS ARE OVER,,,if you can ot put the plan in writting,,if you want to pass bills you dont even read,,,PORK,,,like even now Myrth getting even more money frotaxpayers $800,000 t resurface a back up taxi way at HIS PRIVATE 6 plane a day airport,,,how many in the mean time go hungry ,homeless within the landing pattern,,,
Futher cuts in getting rid of all ILLEGAL ALIENS,,,the reason they are labeled ILLEGAl is because they are breaking a law to be here,,,as Mex econ fails,,,not enough security on the border,,,even more will flodd to come to the USA,,,land of free handouts,,,,you dont even have to work and you car get a free car( with AAA insuranne paid),,,,something a hard working american has to pay for themselves,,,,,,,,oh yea,,the uncoming ELECTIONshould be named UP COMING EVICTION,,,as well as the ones after that,,,
No the 9 12 movement is STRONGER today than even yesterday,,,as its SPREADING with EDUCATION,,ORG,,,what some see is only the tip of the SPEAR,,,the real shaft ( of those polictions goingto be UNEMPLOYEED)to those in office when elections come around,,,as events pop up near them,,,POLITICANS keep your eyes , ears open,,,as there is NO doubt T Bags are near you,,,,It is something those in DC are used to doing the miniorty adgends,,that GOD fearing,,,COUNTRY COMES FIRTS,,US CONSITUTION loving ,,hard working,,ANTI BIG BLOATED LEECH GOVERMENT
A friend sent this to me. Thought you all might appreciate seeing it before it is taken off the web.
This video clearly shows that George Bush warned Congress starting in 2001, that this economic crisis was Coming, if something was not done. But Congress refused to listen, along with the arrogant Congressman, Barney Frank.
This video says it all.
The liberal media reportedly did not want this video on You Tube; it was taken off.
This link is of the same video, but is routed through Canada. Everyone in America needs to see this before it is yanked off the Internet again!
Let's see how far we can spread it before it's Pulled it off the Canadian site.
http://www.youtube.com/watch?v=cMnSp4qEXNM&NR...
Interesting.
A friend sent this to me. Thought you all might be interested before it is taken off the web.
This video clearly shows that George Bush warned Congress starting in 2001, that this economic crisis was Coming, if something was not done. But Congress refused to listen, along with the arrogant Congressman, Barney Frank.
This video says it all.
The liberal media reportedly did not want this video on You Tube; it was taken off.
This link is of the same video, but is routed through Canada. Everyone in America needs to see this before it is yanked off the Internet again!
Let's see how far we can spread it before it's Pulled it off the Canadian site.
http://www.youtube.com/watch?v=cMnSp4qEXNM&NR...
Interesting.
There are ways to deal with the sudden increases in your credit card rates if they are not justified. Call centers are run on the basis that they get customers off the phone within 2 to 4 minutes. Start going up the food chain with the card provider. In a very high percentage of cases you will get your way. Be persistent and dont accept no for a answer.
Personally, I think its time to tell these credit card companies to go pound sand. I`m paying the one card off and getting rid of it. I think all Americans should ditch the plastic. I also think its time that laws are passed to force Fair Issac and other credit reporting agencies to be transparent as to how credit scores are calculated. I also think that it should be illegal for insurance companies to charge higher premiums because of low credit scores. There is no empirical data showing that lower credit scores lead to more claims.
Run out of gas…..have you seen the price of gas? as per normal summer is coming and the oil companies are making they're billions on the backs of Americans that can't afford it in this economy. When the credit crunch and the next wave of small business and those that are layed off file for bankruptsy hit by the end of summer.
We have not even come close to bottom yet. What we went through at the end of 08 we just the first wave. Gm filing soon Chrysler just did lot more jobs gone. You can"t have a recovery when there are no Jobs. So is the government will give everyone a job? Then how do they pay them 90% taxes? Come on all you leftests that thought this was your shot. Well guess what you are going to be "LEFT" behind because by the end of this year the money will run out to take care of you anymore.
I hope more states do like Colorado and not send anymore money to the Federal Government. Then repeal the 16th and starve them out!
Beats me and at one time I had a Series 7 license (Stockbroker). Any body around here have a dart board ?
Pretty clear this is a bear market rally. With the amount of ("stimulus" or budgeted) money (actual or perceived) thrown into the market and economy, there is no question there should be an affect on the economy. I would expect this rally to continue through the second quarter.
I'm betting that the DOW will drop another 2000 points over the summer and even further in October. We could see a DOW at 3500 in 2010. I sure hope not.
Trying not to blame or point fingers with regards to what has caused or exacerbated the situation.
Moving forward, I believe the following is needed to recover and grow our economy:
1. We need honest and positive leadership from our President (and other political "leaders"), the Cabinet, and moguls of Wall Street.
2. An atmosphere of consistency will inspire confidence in the economy. Good change may be needed, but platitudes and vacillation produces
3. Inspiration and confidence is important, but real concrete actions are also needed.
4. Housing needs to be addressed and resolved. Homeowners and banks need to accept the realities of devaluation.
5. Foreclosures need to be accelerated and maybe the empty FEMA trailers can be put to use.
5. We need to be up front about the nationalization of most of our large banks and move forward. These banks need to be consolidated and then broken up (i.e. MaBell).
6. Regulations need to designed and tested to prevent banks (and other entities) from getting "too big to fail".
7. Campaign finance reform needs to be implemented to prevent ongoing undue influence.
8. Credit regulations need to be designed and tested. A short-term push to loosen credit will do much to stimulate the economy and would have been a wiser use of stimulus dollars.
9. Unions and corporations that are "too big", they need to be broken up and "MaBelled". They have too much influence (in politics and on each other).
10. Corporations that are failing need to go through the bankruptcy process – without political interference.
11. Taxes. We need a complete overhaul of the farcical tax code – but that is long term and beyond this scope.
12. A emergency tax cut of corporate taxes to at least 15% for a consistent three year period.
13. A emergency cut in social security taxes (both personal and matching) for a six to 12 month period. This is a 7.6% tax cut for every worker AND employer.
Come on, you're being WAY too practical! There isn't one thing on that list that the current administration will do! NOT ONE THING! As a matter of fact, I will predict that if they read your list, they would do the EXACT opposite! After all, you peasant, you aren't nearly smart enough to presume to tell "The One" what he (all praise to Obama), should or should not do! Do not presume to tell the high lord his job!
Sincerely,
A God fearing, gun-toting, bible thumping, Right-wing extremist, US Navy Veteran!
Hahah, you're so right! Thank you
Obama Failed Budget Policy: End Wasteful Government Spending There are two things coming down the pike that will crash the stock market just like '29. The first is the devaluation of the dollar, which is sinking like a stone against the Euro and British Pound. It crossed the $1.37 mark vs. the Euro and there are no signs the dollar will stop falling. It was down in the $1.20's earlier in the year. The second is the impending rise in interest rates.
Another crash causer will be when it'sd realized that China will no longer finance our government's drunken sailor spending! (Apologies to all of us ex drunken sailors!)
I keep saying that this market is defying gravity. There's no economic reason for the rally, only Obamamania and irrational exuberance… er… hope. Maybe by Friday we'll have a big selloff and the market will reverse again. My indicators are still on buy and no sign of changing soon, so I'm staying long.
But keep in perspective, that most of us are fiscal conservatives. If the market is always right, and the market is full of Obamamaniacs, then the market will go galloping headlong into an irrational rally. Go along for the ride while it lasts.
Historically, look at the DJIA on Yahoo during the depression. It declined 89% before it bottomed out over three years. If we experience a repeat performance, that puts the Dow at 1,540 on May 10, 2010. That's a big drop from where we're at now. If we see that drop, then I can take a double short position, and maybe get some of my money back.
But here's the thing with credit. I took a chance. I borrowed money, I leveraged it, I took a big risk, and I lost it all because the market went insane and stopped recognizing value. Now I owe enormous debt, and have no way to pay it back. I saw the government doing the exact same thing with our tax dollars as soon as this stimulus BS started. But there's nobody to take away Obama's national credit card and cut it up. Only when China stops lending, as they have started, then the stuff hits the fan, as it is.
We're the largest refiner in North America, but we do not drill or have an exploration division. We just purchased 6 or 7 ethanol plants in the Mid-west. My refinery is located in Southeast-Louisiana but we have refineries across the U.S. 1 in Canada and 1 in Aruba. Last summer when gasoline was close to 5.00 a gal. we were losing 18 dollars a barrel on gasoline.
We have seen huge budget cuts on expansion projects and appear to be getting ready to ride this out. Our stock was valued at 80 dollars a share is now worth about $20.00
Very hard times are on the way.
Some oil and gasoline analyist was saying that due to artificially proping up of the economy, and the inflation that has started, gasoline prices are going to rise as a result.
The CEO of my company stated that in 2010 we're going to face 800 million in additional taxes and be forced to pass that cost on to the consumer. Also, we'll be facing continued hardships in the oil and gas industry throughout the remainder of this year.
By my count: The government wants GM to bulid electric / hybird vehicles, but GM don't want to because the public won't buy them. The government takes over GM, then taxes the oil and gas industry until gasoline prices are 10.00 a gallon, then ORDERS GM to start building the hybirds, and we're forced to buy them because we're sick of paying over 100.00 for a tank of gasoline.
Some oil and gasoline analyist was saying that due to artificially proping up of the economy, and the inflation that has started, gasoline prices are going to rise as a result.
The CEO of my company stated that in 2010 we're going to face 800 million in additional taxes and be forced to pass that cost on to the consumer. Also, we'll be facing continued hardships in the oil and gas industry throughout the remainder of this year.
By my count: The government wants GM to bulid electric / hybird vehicles, but GM don't want to because the public won't but them. The government takes over GM, then taxes the oil and gas industry until gasoline prices are 10.00 a gallon, then ORDERS GM to start building the hybirds, and we're forced to buy them because we're sick of paying over 100.00 for a tank of gasoline.
Where are you located? I can tell you that out of approximately thirty small drillers, both of oil and natural gas that only three are still, that I know of, moving forward with their 2009 drilling projections, although they have slashed budgets. More than the high cast of gasoline, folks tend to forget that thousands of products are made from oil by- products, check out vicks menthol rub, it's six bucks or more a jar now, used to be three. Plastics, medical products, the plastics you see on all those hybrids are made from petroleum by-products, nearly everything you see around you, even your computer uses petroleum by-products. Talk about inflation, serious inflation is about to hit us. As oil heads upward so do the embedded costs of petroleum by-products.
And by the time we're forced to buy electric cars, electric will cost 20 times more than it does now. … they'll drain us dry one way or another.
The rally we have is an exhalation that couldn't wait any longer. The stock market, just like average consumer spending has seasons and rhythms that are not changed much by external events.
Spring time, everybody is past the holiday spending, spending extra to keep warm and finally getting outside for a change. There's always seasons of pent up demand.
Some people are finally starting to get over the kick in the wallet from last years spike in oil prices and have had a chance to pay down some bills.
It will be a few more months and then the folks who have paid off a few things will begin to feel safe in spending a bit again. I expect that a few folks have gotten back to saving before spending and that may be one of the best things for this economy in the long run.
Anybody under 50 (not making fun of kids) is learning the skills that were just plain normal for anybody who has lived through lean times. I watch 40 year olds in a bit of a panic before they "discover" frugal as a lifestyle.
I hope that, this year, families get back in the habit of including parks, museums and historical locations for vacations. Some of the best times I ever had with my folks were camping out in State and National Parks, fishing and riding our bikes as a family. And that kind of education doesn't need government help.
It's not over…not by a long shot. We still have to endure the comming inflation, auto-restructure, and bank stabalization…among other things.
I have to see a little more info, from my own research, before I go into total lock-down mode. Wish I could believe what the media says and even some economists, but that is just not the case. I am curious as to how many of you think your spending and saving habits have changed indefinately due to this recession? Mine have completely changed. I now have one year of food storage built up with the assistance of youtube and long term food storage techniques, purchased a deep freezer for the garage, a larger safe stocked with ammo,guns and cash, planted a victory garden and am now on the hunt for silver coins minted prior to 1965. Now, if all this economic pain just magically evaporates I will still use everything I have stockpiled and nothing is wasted. But the one thing beyond all of this is that I am teaching my twenty four year old son that he cannot rely on the media for truth and the government to save him, only to entrap him. He has now begun to study alternative medicine and herbal remedies along with developing hand crank generators to recharge batteries in case electric costs soar to unpayable heights. You can call us crazy, we are calling ourselves prepared.
Excellent idea on the use of herbal remedies and alternative medicine! My wife is studying up on that now(she is a nurse), but I forgot to add that to my list. Thank you for sharing that!
By repealing the income tax (16th ammendment), the fed would be FORCED to either balance the budget! Sure, they will try to pass another tax onto the populace, but with the repeal of the 16th ammendment, they would be hard pressed!
Inflation. Stagflation. Depression. Seems these are all the "buzz" words regarding the stock market. Does anyone REALLY know what is going to happen? I've listened to so called "experts" for the past several years and found that they were wrong. While I contend that we cannot keep spending our way through a crisis, we really have never done this before as a country. Historically, major inflation is the outcome, but with a global economy, who can really be sure? I believe that we should have a Constitution Convention and repeal the 16th ammendment which reads: "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."
You are doing a pretty good job predicting already. Do not trust the standard sources. The best predictor I have read and listened to is Nouriel Roubini of NYU, who doesn't know what is going to happen for sure after 2010, because he now believes it will still be up to the monetary and fiscal policy of the US government, and they don't have a plan II yet.
Your instincts are right… this can only lead to inflation. The danger is slight right now, but when we combine declining tax revenues (just announced we're 300 billion off) and heavier borrowing, and then perhaps a war…. yup, the BIlderbergs might get impatient and start a real barn burner to accelerate their new world order agenda.
You are doing a pretty good job predicting already. Do not trust the standard sources. The best predictor I have read and listened to is Nouriel Roubini of NYU, who doesn't know what is going to happen for sure after 2010, because he now believes it will still be up to the monetary and fiscal policy of the US government, and they don't have a plan II yet.
Your instincts are right… this can only lead to inflation. The danger is slight right now, but when we combine declining tax revenues (just announced we're 300 billion off) and heavier borrowing, and then perhaps a war…. yup, the BIlderbergs might get impatient and start a real barn burner to accelerate their new world order agenda, inflation could take off like a jackrabbit after a shotgun blast.
The stock market will always have peaks and valleys. Even during the depression there were "mini-rallies" in the market. The real question is what does the S&P or DJIA have to do with working families? Truth is that it doesn't have a lot to do with them immediately. The stock market in and of itself does not "create" jobs any more than the government does. It may be an indicator as to how people feel about the economy in general, but on its own it is not an economic factor.
The only true factor the Stock Market has on Main Street is that regular Joes aren't buying stock. I do not own much stock. Most of the people I know do not own much stock, but they would like to know that the stock they do own is not going to be worth half the price they paid for it. But to answer you, the greatest effect the Stock Market has on Main Street is it causes a PANIC… When stocks started dropping fast in September, Americans went into Panic mode.
And they have remained there ever since.
Wisely stated htrn.
Watch how oil goes up. It really rocks our trade deficit, too. The BIlderbergs are going to vote for oil to go up and make it happen next weekend in Athens Greece. I can see it happening. Oil price increases weaken the crap out of our currency, which affects our ability to borrow from the Chinese. Bye Bey low interest rates. This is sick folks. We're being played by our government, who is being played by an international cabal. And the Chinese are financing our wild spending. Just shoot me.
i would like to more about the bllderbergs. i have never heard that name until today. would you please post a link or explain more? its not that i doubt your word, i just want more knowledge on the subject, thank you.
watch the obama deception on you tube it talks about them !! tireguy.
tireguy, go to youtube and type in the bilderberg history and several videos will pop up. Very interesting. These videos will send you on further search.
Infowars.com has it. Prisonplanet.tv. Wikipedia. or just Google it.
You can also get books on amazon on the Bilderbergs. Also look up "friends of Bilderberg" and you'll see they actually have an office in NYC. David Rockefeller is the biggest proponent of the BIlderbergs and the New World Order. he is unabashed about going to one world government, bank and currency and making international law sovereign over domestic law.
Also do some research on Freemasonry, especially 33rd degree freemasons. I warn you, it is not pretty stuff. Don't show it to any of your family or friends if they can't take nasty reality and profound evil. These kinds of people reared their ugly heads in the past, so what is to stop them now? We are talking huge amounts of wealth in the hands of a few that are controlling the world's finances and hence what the world does.
But go on your own search, don't take it from me. Things will start to fit together.
here's something else to look at… google washington dc in google maps. Then hover in on the white house. You will see an upside down pentagram on top of the white house, with the bottom point sitting right in the middle of it.
The freemasons designed the street layout and all the key buildings in Washington, DC. You won't believe what you discover. They perform the corn, wine and oil ceremony when they dedicate any building. This ceremony is key ritual of Baal worship. Lower level freemasons do not know what they are getting into. It looks like it is all about charities. They encourage religious people to join. Shriners are a sect of freemasons. Again, lower level shriners have no idea of what the highest level shriners are doing. You'll see. Do your searches.
what waste a bullet on a fellow 912er ! we might need them for another purpose ! lol
culat2 : what waste a bullet on a fellow 912er ! we might need them for another purpose ! lol
I had a bad day yesterday. I have discovered too much…. it looks too insurmountable. I feel bad for people that have no idea how they have been deceived by the government the last 20 or so years.
I had a bad day yesterday. I have discovered too much…. it looks too insurmountable. I feel bad for people that have no idea how they have been deceived by the government the last 20 or so years. I am so tired and disgusted with hearing about Barney Frank and Nancy Pelosi et al. And watching our President make jokes to the press about serious matters like the fly over of AF1. I need a pepto.
STOP! (You've got the gun pointed in the wrong direction, sir!) LOL
Now that BO and the DEMS are spending at record rates, the need for borrowing is also at record levels. For every dollar they are spending, the Feds need to borrow approximately $.50 to finance the deficit. And this will cause interest rates to rise. The impending increase in interest rates with the decline in the value of the dollar and an increase in inflation will cause the perfect storm for the stock market to crash. Currently the Federal Reserve is monetizing the federal debt which means they are purchasing stocks and bonds on the open market, which is similar to a mother eating her young. It is just a matter of time. I do not expect the Feds to report the statistics accurately, similar to the Clinton years, but it will not take long for the truth to bubble up. Combine the above with more deficit spending in health care, energy, and housing, and the stock market will eventually cave. A great time to buy gold!
They know exactly where this is headed. We're not going to like the destination.
Anybody who has their 401K invested in the equities market is a glutton for punishment. How many times do you have to be stung before you get away from the hornet’s nest? I heard someone say “there are some real bargains in the stock market”, for instance, GM at $1.10 per share. How about GM at $.02 cents per share? Paper money will soon be nearly worthless if the Fed keeps printing it with no GNP to value it. How do you think that commie George Sorros made his billions? He sold the British Pound short and made a killing when the UK devalued the pound. He is doing the same with the U.S. dollar.
On the "drag" end, the government just announced that they will be $300 billion short on revenues. Meanwhile, spending continues and we will be financing the difference with debt. How does $300 billion shortfall in revenues happen? Individuals and corporations made less revenue. ALso, people are making a big to do about a reduced jobless claims number of 530,000 vs 640,000 the pervious period. All I can say is that when you bleed a lot, your blood pressure goes down and it can't push out the blood as fast. The job loss situation really isn't all that different. If they published the real unemployment stats, including those that gave up and those college seniors that can't find a job and never were counted, it would be over 15% for sure.
Bernanke said the recession is ending, yet offered no real proofs. That tells me he is working in concert with the wishes of the Bilderberg group, who some say know how to run the market up and down and profit from it, going long on the upside and selling short on the downside with options, puts and calls. They are shearing the sheep, getting us to put our money in the market and then lose it, while they keep their money. This one could be the last shearing before they pull their final moves to move us to either a three economy system of North America, European Union and Pacific Union with three currencies, then transition to one world government, one bank, one currency. They might cause a crisis like a war and move it to one world government, etc. Yet to be determined. They meet next weekend in Athens, Greece. Things happen after their meetings. Keep an eye out. I wish I could see Geithner's and Larry Summers and Bernanke's and Kissinger's and Bill Clinton's schedules. They are all part of this treasonous international banker and power broker cabal.
Maybe not for the short term, but it will. Then look out below!
I'm sticking with the plan my wife and I started some time ago.
1) Pay off ALL debt as quickly as you can, starting with credit cards, then cars, then house
2) Sock away money every month into an emergency fund. Try to build 3 to 6 months or more of living expenses.
3) Build a traditional savings plan of $500 to $1000 in the bank, preferably a local, small bank
4) Store up basic foodstuffs as you can (buy a few extra cans of chili, etc and some rice and beans kinda' stuff.)
5) store Guns and ammo after learning to use them, if you don't already know how.
I know this isn't an easy task (we're still working on a couple of items), but do the best you can and keep the faith! We're not alone and we have them surrounded!
6) Find likeminded people as a measure of support and structure. Trust me. In the days to come people will be looking for structure and leadership. At least you're in Idaho, self-sufficient people there.
You're right. Gather with friends, neighbors and family and band together. Hmm, sounds like a tribe, doesn't it? A support structure is essential!
Amen. That is what we have done also. Its the only security that I have faith in right now. Its going to get interesting to say the least. I just hope that we have done enough to help us get through. I guess we will see.
EXCELLENT tips! Thank you for sharing them!!! I am always sharing this type of information
with people, even strangers, as I think it is crucial, at this time, that we prepare for some
difficult times that may lie ahead.
I don't know how many people watched Glenn's after-show special last week, that he
did, streaming on Fox News. com… but, on that little after show special, Glenn shared
that he has stocked up enough food for his entire family, to last for an entire year!!! I STRONGLY
urge everyone to do the same!!!
That is the Mormon way and it is an excellent idea. As I understand it, they are charged with having something like 7 years of food stored up, but I might be wrong on the amount. In any case, as much as you can as quickly as you can! God bless us all during the coming tribulations.
I don't trust the analysts (especially at the MSM), or big name traders (Buffett who supported Obama). For months they were telling us we weren't in a recession, which was true, according to the definition of a recession. But people were losing their jobs, stocks were plunging, and the people all knew what was coming. I agree with the Congressional Budget Office, we aren't coming out of this recession anytime soon. The stock market may have some small rallies, but I don't predict anything huge happening. If it does – look to the Bilderberg group and to Buffet, as others have said, because they are all in it for Obama. They have too much money held up in him to let him sink.
Every time I turn on the news, I get a feeling of deja vu. For 37 years I was a sterotypical American wife and mother,letting my husband make all the decisions about our money. And we lived very well. Then he took early retirement and bought a boat, sticking me with bills, and a defaulted loan on his 401k. I paid all of that off, paid my my divorce lawyer and his ad litem. If he had only known that he could have gotten Geithner's job, he wouldn't have run away to South America.
Persident Obama, America will wake up. I did.
An when will that happen? When we get back to being a productive society instead of one that looks for handouts? When our work ethic and ability to practice self denial exceeds that of the Chinese?
You are so right.
There will be a short recovery. I was on a conference call a couple of weeks ago with Nouriel Roubini of NYU and RGE Monitor, who called the financial crash back in 2006. he says the stim plan will run out of steam in 2010 late, then start having a negative effect on the economy. After that, he has no idea what will happen, and that's not good when he says that. It means he is either not saying something because it is way too ugly, or the fate of the economy is entirely in the hands of government monetary and fiscal policy, which he doesn't know their plans so he can't predict. Either one is BAD.
A common old man on his deathbed would say, "Remember son, I will always love you, and always remember if you work hard enough you can achieve anything." An obscenely rich man on his deathbed would say,"Remember son, I will always love money, and always remember if you crash a system- then invest in that system- and treat people nice while you take their money for their own good, you will always have untold fortune and power."
The son was David Rockefeller
Smoke and mirrors.
ABC News is reporting that we are coming out of the recession. I'm glad somebody thinks so. Remember, we spent boo-koo bucks trying to inflate this economy out. Can we say, "Rampant infation" anyone? With the government's hands in nearly all major industries, I can't seem to find the equilibrium needed for a sound and strong economy. I also think that a lot of these "experts" don't see us paying off our debt and not taking on new debt out of fear of over-regulation and upcoming taxation. I'm not getting into a new vehicle and I'm repairing my home myself with cash. I'm not in the least bit confident and am beginning to question if people like George Soros and Warren Buffett aren't trying to artificially inflate the economy for their man.
Don't forget David Rockefeller and the Rothschild families. Soros is a piker compared to them. Their money is so well obfuscated and tax sheltered in trusts, yet still powerful in the runs it can produce in markets. The Rocks have a combined 13 trillion total wealth I am told. That's a little less than the GDP of the USA. ABC news and NBC news are puppets. They are told what to say. The government wants you to spend and get into debt. When have you EVER heard Obama say it would be a good idea to get out of debt and make sacrifices and practice self denial. He WANTS you in debt. HE NEEDS you in debt.
I can't quite go that far. However, I am more than happy to stir this pot. My bills are mysteriously showing up closer to the due date. I am wondering if there isn't a concerted effort to rid the dollar in favor of a electronic credit currency. The promises to third world nations, the huge debt, the nationalization of banking and industry, nationalized health care, and promised obscure taxes to a mythical 5% has me thinking that there is some thought that the government could take the next "progressive" step to the withholding tax. You never miss the money if you never had it to begin with and government already considers welth their own anyways. So, why not?
No, they want you to spend. Money is harder to suck up if people stuff it all in their mattress.
I'm actually suggesting a "new" currency that you could never hold and is in no manner tangible that would be forced upon a free, liberated populace to control movement and lifestyles. Right now, you can still do with your dollar what you please. If the government had control of the means of investment and borrowing (bail-outs), control industry( the big 3 auto), control spending and taxation (stimulus, omnibus, and the current budget), and ruin the currency ( the debt) then there would be a need for this new and improved currency (electronic fiat currency). Now, you go to buy a diesel truck and they can tax you for this purchase anytime they want, as often as they want, until you get into one of their "deathtraps" that they insist GM and Chrysler make. They want you to spend, but only on approved things.
I never could understand the logic of these credit card companies, if you can not afford the mim payment and miss one, they add late charges of around 39 bucks then they jack up the rate to 30% and think you can afford to pay that!
A Lot of people who used to have good credit have now gone in default because of losing their jobs and a bunch of these companies are denying them unemployment by saying they quit their jobs, and how does the average person fight that.
They can say all they want about the economy picking up, tell those out there trying to find a job.
But Obamas ratings are going up, go figure! it's because he is saying he is going to fix this credit card mess, and people are sucking that up, but yet what is he doing on the back side? that's what people are not paying attention to.
II've been sitting this one out sort of just on the fence and that's the way it's going to stay until the Fundamentals look a whole bunch better because right now with the leader & leaders in DC, the Fundamentals look down right Marxists !
Yuck
Just want to give a heads up. Living in SC, I sent an email to Sen. Grahm about not signing a cap and trade bill thats going to crush our economy even further. I got back a nice form letter letting me know that we need to do something about the "harmful greenhouse gasses" even though science is still not proven! He is also very pro amnesty and he claims to be a conservative Republican. It is just as important to get knuckleheads like this out of office even if its for the other party…He's got to go, they all need to know thier asses are on the line! We have to shake this congress on their heads!! Let them know we are in charge…
I agree 100% It is time to flush the toilet that IS Washington D.C.
Anyone but the incumbant in 2010. ( except Michelle Bachman )
I dont want to lose DeMint!!! Just Lindsey Grahm.
I basically got the same reply from Sentor Alexander of Tn. He' on a greenhouse committee of some kind. After is reply to me I told my husband I won't be voting for him in 2012. He was just reelected.
For the most part, we need to hit the reset button on all incumbents! I'm sure there are a number that deserve another chance, but that is risky at best. Perhaps each of us could contribute the names of the congress critters we feel are doing the job we elected them to do and then let others on this site give us their input as to whether they agree with our list or not. Not sure how this would be set up, but I'm envisioning a list with the names and a "yes" or "no" column next to it with room for comments(?) I'm not savvy enough to build the database, but perhaps we could get some help from others on this site or the good folks at The912Project to help. Just a thought!
It's because they want you to pay off your balance, and they know just asking you isn't good enough. The average household has four to eight thousand dollars in credit card debt, and I think they probably just want some of their money back. I don't like credit cards because it's other people's money.
they want you to move your balance to another card and relieve them of the risk.
they want you to move your balance to another card and relieve them of the risk. BTW, it's about eight thousand. I only use credit cards for the points and the convenience. I am programmed on every one of them to pay off the balances with ACH drafts automatically every month. I won't pay interest.
Right & I'm suppose to believe the economy is getting better, All I would like to know is where is this happening? OH I know inside DEAR LEADERS empty head.
I have two choices. Take whats left of my 401K and pay the Government huge penalties…or lose it all when this whole charde crashes…Im taking the crash…I'm not giving Obama one more penny than I have to.
I have two choices. Take whats left of my 401K and pay the Government huge penalties…or lose it all whaen this whole charde crashes…Im taking the crash…I'm not giving Obama one more penny than I have to.
I hace two choices. Take whats left of my 401K and pay the Government huge penalties…or lose it all whaen this whole charde crashes…Im taking the crash…I'm not giving Obama one more penny than I have to.
Dusty, You should at least roll it out of the market and into Guaranteed funds, You know… just like a savings account with little to no interest. That way when the market REALLY crashes you will have something left. That is if they will let you. I took my 401k out of the market before year end and sure I am taking a hit because the market has rebounded a bit, but that is all false and when it does crash, it is going to be BIG TIME! Try to move out of anything market based if you can.
My wife's job left her for another country, she took her 401K and moved it into an IRA at a local bank. It draws a little interest but at least it's safe for now, and no penalty for swapping it over.
Watch your 401K. They have their eyes on it to fund social security when we get closer to the crushing deficit or payroll taxes vs payouts to rising numbers of boomers coming on-stream that's predicted to hit sometime around 2014-2017. If I get wind of that for sure, I'll take the penalty and thumb my nose at the thieves in DC
Some 401K's have been placed on lock-down, meaning there is no current cash out option. From what I understand they cannot sell off the stocks associated with the accosunt to pay the holder, so they lock them down awaiting a market rebound. Sorry but I think this is robbery. Are you still able to cash yours out? I think a story was done on this a week or so ago.
Seven years ago I took the hit and cashed out my retirement account, that I had built up at Boeing. I paid off my house and all of my bills.( Best move I ever made) Now I live on my Navy retirement, small Boeing retirement and my social security. You need to make decisions rationally and do what is best for you in your situation, what worked for me may not work for you. Good luck on your decision.
I would put everything into bonds. I really doubt the government could legally do anything to screw with you there.
Watch out for bonds as well: The ones that backed Chrysler are taking a 60% loss. I was diversified last year and lost 10% on bonds while the stocks were going down. There won't be many safe havens during the coming inflation spiral. Maybe commodities (like gold), but they're risky in other ways. No one has a crystal ball at this point. Real estate? T-bills? Who knows? Just hold onto your hat!
I feel your pain friend.
While I hated taking the hit, I took it out and I'm using it to buy gold and silver. I'm taking control of it myself and no one will know where it is. When inflation skyrockets higher than what it was in the late 70's-early 80's, the value will be there.
Also buy tangiable goods that can be used for bartering. Just prepare and vote the bums out in 2010. No incumbant should remain in the house and the 1/3 of the senate that are up for reelection.
I'm actually looking forward to the PA senate race when Arlen gets his but handed to him. I like Toomey.
When our exports excede our imports again, then I'll believe were on the road to recovery. We can't keep printing money and selling our debt overseas and calling that a recovery.
That would be all great and fine IF our government weren't taking tons of the money they are Raping FROM us TO GIVE TO other countries in order for them to MAKE our products… NONE OF THIS MAKES ANY COMMON SENSE!
Alternative energy is about the economy. It is about national security. We need to remember that because economy and national security are far more important than global warming. Warming is stealing the spotlight from alternative energy and in many people's minds, discrediting the need for alternatives.
Just follow the housing. When it goes up and is sustainable, we will be on the mend. Till then, it's all hype.
Bingo, that’s the key indicator. The existing inventory has got to decrease and housing starts will then pick up. That will be the sign that the market is recovering.
Until unemployment turns things will continue to be bad. This is nothings but a suckers rally.
I think it is worse than that. Check out the BIlderberg group. They meet next weekend in Athens, Greece. They run the world's economy. When you read up on them, you will feel a chill go down your spine.
Oh no! Companies who couldn't afford federal loans are now faced with bankruptcy!? That' s completely wrong! Let them keep producing sub-standard products to sell to the American people!
Free lunches get paid for later. By you and me if we still have the money. But that's the plan. It milks the money from the moderately wealthy, of which there are many, into the hands of the super wealthy, of which their are few. Hence, the power shifts to the super rich and they control the governments and have us by the ba**s.
I really don't see why the credit card companies are in that much trouble, considering the fact that they pretty much raised the interest rates 10-20% for all of their customers across the board and then cut the available credit in half or down to the balance, with no regard to the payment history., then close accounts for non usage, manipulating ones credit score even more, which in turn makes everything else go up…insurance..interest rates and and and
…….they got their money from us through our dear government and now they're getting even more from yours truely…talk about double dipping….Oh that's right : kick them while they are down, milk 'em til bone dry and then whine and cry about people being forced into bankruptcy…yep, aha, makes a lot of sense to me…
Just one good example:
American express, been a customer for 8 years and never missed a payment, just sent me a letter, telling me that my interest rate is going up and credit line is reduced to next to nothing. Reason? My inability to repay!!! Excuse me??? They must know something I don't just yet. It done happened to just abou anybody no matter how good your score (used to be)
I had the same thing happen to my credit cards. Been a good customer and always pay before its due and even send alot more than due and we just got one card who cut us in half on credit line and raised the rate at the same time. I only have 2 cards left to pay off and they are small. I just paid off 3 others totally and we stopped using them all together months ago. If I cant pay cash for something, I WILL NOT buy it any more. Thats how they treat people with credit scores near 800 I guess.
Happen to me to. I wrote them a letter but to no avail. I have excellent credit and get treated like a criminal it seems. I bet the low income, late paying people didn't have their line reduced and etc. I think this one of those redistributing wealth things. (Gag)
Yep, They did it to me too, despite being laid off, I always paid over the amount due on time. My rate increased and the line of credit dropped to $38 above the balance. I guess that is what they do to the ones that play fair, while taking taxpayers money.
I also keep getting these harassing phone calls about reducing my interest rates, but they hang up on me when I tell them my balances are way lower than $5000.
Funny how the govt. will only help those who are in debt up to their eye-balls, and refinance the homes of Freddie or Fannie mortgages, who are behind on their payments.
When you take responsibility to keep all your bills current and play by the rules, the govt. says "screw you!!"
It's all in the numbers. There are many more irresponsible people that are weak and want handouts than responsible people. Get them to vote for you and you are in. They actually help you create your agenda that milks the welath out of the moderately wealthy and into the hands of the super wealthy through stock market manipulations, economy manipulations and tax increases later. The endgame is a mass of poor humanity working for a very privileged few, where we are taxed to the max and never can accumulate any real property or wealth.
I have not carried a balance on any credit card for years and years so I have no idea what interest rate I would pay should I, however I did just refinance my house (which I have over 20% equity still even in THIS market) and it took 2 1/2 months to put through and my credit score is 816. Go there ! I could NOT believe it.. my income to debt ratio was approx 10% debt I do not owe for either of my vehicles and I have money in the bank. I have been at my current job for almost 20 years! I think it just criminal what they are doing to responsible people in this country right now. They are totally TRYING to bancrupt us so that they can bring in that funny little thing they call "Global Economy" and I want NOTHING to do with it.
They must have modeled you based on your total balances and payment history and made some assumptions about assets based on that. Sorry. They are practicing conservation of capital techniques. Roll your balances to another card if they treat you like that. AMEX only really likes people that have a lot of stash and just use their cards for processing devices.
Has anybody else started having problems getting their bills in on time or am I the only one getting them two days before they are due?
Most of them still come on time, but I have noticed that for one of them, the bill inside is usually dated the 17th, but then it's not postmarked til the 21st. Cute. There's also a supplier that I deal with that I get a bill in the mail, send out a check for payment the next day, and then I get a reminder notice from them in the mail at about the same time that they probably have received my check.
I'm in central Texas and have seen the same thing happening. But, if I have a bill due I call and just do a phone pay if the bill looks like it is going to be late. Used to never have to worry about it. Myabe it is the Texas post offices???
Dead-on! The double-dipping kills me, too. The government bails them out with our money, and then they jack our rates to take even more of our money.
Luckily, my credit line hasn't been reduced, but they did raise my rates by 2%. The thing is, the credit card companies don't *like* responsible patrons (to a point), because then they don't make as much money if you actually pay your balance every month.
I had a credit card company call me once wanting me to switch to their company for a cheaper rate. When I told them I didn't carry a balance, they hung up on me!! LOL Your right, they want someone who pays monthly and misses a payment or two through the year.
They must have modeled you based on your total balances and payment history and made some assumptions about assets based on that. They can look at your crdit reports and see your payment histories and balances on all of your accounts that report to the agencies. Sorry. They are practicing conservation of capital techniques. Roll your balances to another card if they treat you like that. AMEX only really likes people that have a lot of stash and just use their cards for processing devices. AMEX is one of the smartest financial companies around, so if they are getting extremely risk averse, what does that say about their confidence in the economy going forward?
All the big Obama supporters should throw all their money in the market now in support of his fantasy economic plan. They should put their money where their mouth is or shut up. I would enjoy watching either of those two things happen.
I think those that supported the ones they got in office are REthinking thier investments of the FUTURE,,notice how some are trying to PRETEND to act like REAL AMERICANS,,,nope not the SPECTORS,,,but those who are ALREADY SEEING BIG THREATS form the AMERICAN PEOPLE as both PARTIES are losing vast support,,,Obama Bey,the good ol boys of the Rep with thier PHONEY side show of
touring AMERICA,,,AMERICA is waiting for a real CANADATE to come forward in each state,,I think we can say we are FED UP WITH RETORIC,,
Oooooohhhh.. just wait. Guys like George Soros will be throwing their money in, but in a different way. Since he is part of the international cabal that makes these things happen, he will be throwing his money in, but only in options where he can go long and sell short on the market downside. His moeny will be in play, but in a different way. He will be taking advantage of all the suckers when the market moves up and down. When you are the cause because you're tapped in to the cabal that can cause oil to move dramatically and control the news media announcements and what Bernanke or Geithner say, you can take advantage of the upward or downward movements very easily. The result is a shearing of money form the moderately wealthy into the hands of the super wealthy. Since money is power…. all the power goes into their hands. Their banks hold our mortgage and car notes, and if nationalized, guess who owns you azz?
Oooooohhhh.. just wait. Guys like George Soros will be throwing their money in, but in a different way. Since he is part of the international cabal that makes these things happen, he will be throwing his money in, but only in options where he can go long on the upside and sell short on the market downside. His money will be in play, but in a different way. He will be taking advantage of all the suckers when the market moves up and down. When you are the cause because you're tapped in to the cabal that can cause oil to move dramatically and control the news media announcements and what Bernanke or Geithner say, you can take advantage of the upward or downward movements very easily. The result is a shearing of money form the moderately wealthy into the hands of the super wealthy. Since money is power…. all the power goes into their hands. Their banks hold our mortgage and car notes, and if nationalized, guess who owns you azz?
U.S.steel is or will be shutting down 5 of its 7 coke fired smelters,It will take quite a while to fire these back up if and when they do. Autos are setting in lots everywhere so we have a glut of autos when they start moving again it will be a while before we will need more so not much work for autoworkers.We have a bunch of houses on the market setting empty it will be a while before we need any built. All of this tells me that we're in this situation for a long time to come.And with all thats going on in D.C. not much chance of any relief.
Has the rally ended? Can we at least wait a week or two before posting a headline like that? What is this, the lame-stream media? With respect to the editor(s) of this site, such a headline sounds more like fear mongering than discussing the rise and fall of the market.
I would prefer headlines that foster discussion, NOT headlines that remind me of chicken little. We, on this site, are thoughtful, considerate individuals who don't run in fear at the first sign of trouble. We like to evaluate the information before making an informed decision and acting accordingly. Of course, when in doubt, run around, scream and shout.
As for the topic in question, I think it's way too early to make a decision yet. The markets rise AND fall. It does go down sometimes. I'm just saying.
who knows! the market is all over the place, one day its up 100 and the next day its down 100 ,it varies from day to day, I have never seen anything like this before.
The market is just like us, its in the dark to and doesn't know how to react on a day to day basis.
It was released today (6) GM executives are selling more than 200,000 shares each of their GM stock. Maybe, they have as much confidence in the Government Union run GM as we do.
Think I will remain on the sidelines a little longer, most of the increases were due to speculative buying or repurchasing by companies who had the cash.
The market will only be manipulated so people will jump back in and then they will sink it again so they get the rest of your money. Dont do it.
I SOOOOOOOOOOOO Agree with you Rob. I read a VERY coll website everyday … you should check it out if you don't already know about it. I haven't seen anyone here speak of it…. It is urbansurvival.com. Go take a peek and tell me what you think. This guy is SHARP and it is actually kind of a funny take on it all.
I SOOOOOOOOOOOO Agree with you Rob. I read a VERY cool website everyday … you should check it out if you don't already know about it. I haven't seen anyone here speak of it…. It is urbansurvival.com. Go take a peek and tell me what you think. This guy is SHARP and it is actually kind of a funny take on it all.
Anyone who believed this up tick in the markets was anything more than an illusion, deserves whatever fate that would befall them.
Where I live in Southern California, I would estimate that about 20% of retail stores are now out of business, making some malls look like ghost towns . And about 20% of people have lost their homes. This does not explain the perhaps 40% drop in retail sales locally here, but that is likely due to an emotional factor that tends to accelerate the bad times. There is a good chance more of us will go bankrupt. So when Washington with their big parties and Nancy Pelosi's $5.5 million per year cost of jet rides homes tells me that things are getting better, we don't see that. When Colin Powell tells us that people are quite willing to pay even higher taxes, we don't know what planet he is on. And when CNN calls people names who get upset at all of this and go to tea parties, people like me just assume that CNN has too much bias to even be a prime time player. Over time, Nancy Pelosi begins to look like Marie Antoinette, who said, "let them eat cake". And yes, I am mad. Thank you.
Did you know that the Iraq and Afghanistan wars have been removed from the budget every year during the Bush administration and instead defined as "emergencies?"
All that proves is that George is no better than Barack Obama. They just used different tools to get us underwater. B.O. makes George look like a piker on the total spending though, not that I am a W. fan, either. Wake up. Bush, Sr., Clinton, W. and Barack are all working for somebody else and it is not you or me.
(sarcasm) wow, thanks for the news flash (sarcasm)
Typical defense strategy of the left wing.. Yell as loud as you can "Bush did it first" Here's a news flash for you peanut, plenty of CONSERVATIVES complained about Bush spending money like a drunken sailor.
Your are welcome.No seriously good call.Fortunately in okla. things here aren't so bad.By the way where can I send my extra tax check.
When is the last time a congressman or a senator or a cabinet member or supreme court judge lost their jobs because of cutbacks due to the economy? Does anybody walk the halls in Washington and tell them there will be a cutback in hours or reduction of benefits? No. Because they vote these things in for themselves.
This form of government has reached it's tipping point. It's members are corrupt beyond precedent and overprivileged to the limits of absurdity. They shoudl be ashamed to call themselves servants or representatives.
This is just the start of the commercial real estate collapse scheduled for the end of this year. You guys in Cali will see it first, then it will spread west quicker than the swine flu. Once the real estate collapse is complete, and the goverment lies to us saying that only throwing obscene amounts of money at the problem will save us, then the bankruptcy of America will be complete. This Country is being fleeced by the ultra-rich world bankers and Obama is the new and inproved puppet.
The first six words of you comment told me all I need to know about your post.
Do your best friend.
The first six words of your comment told me all I need to know about your post.
Do your best friend.
Just curious. It seems to beconing more of a problem in the local area of N. Texas.
Isn't that the point, though. If they can get you to agree to automatic bill pay or pay by phone, then how long will it be before dollars are obsolete? Don't get me wrong, I don't have a problem with these methods, it's the force part I can't come to grips with. If I'm forced into this predicament, then I have to start buying into the electronic fiat currency. I don't ever have to see the money. All I have to do is work and don't ask questions. Government will handle my bill paying for me.
OMG!!! You are right. Had NOT thought of that, too busy worrying about the energy industry plight. Yes, you are right, in most cases you have to pay by phone if it comes late in the mail, therefore forcing you into electronic fiat currancy use. WOW!!!!! O.k. you have awakened me.
I heard some old men talking the other day that they had taken their one hundred dollar bills in and exchanged them for fives and ones, but the majority of it in coins. They think the dollar has less than a year left. Now, I am not a disaster diva, but they looked to be in their 70's and 80's and much more wise than myself, the instinct of ones elders is better than any crystal ball.
Your dead on about wise old men, not much of anything gets by them. I had a nice little golf membership of $50/ month, it was great. But, I've gotten way too busy to even relax. If it were not for this site, I might just sound like a crazy person. The news comes at you so fast, you don't have time to anylize it and put it together and ask; What is the end result of these acts? The Bush bail-outs drive me crazy. There is the whole set-up for government to nationalize everything and the government to act as if it were an unwilling participant. But, you notice it takes almost no time at all for them to have a plan. And no one, save Beck, tries to hold them accountable for the intentions of a year to six months past. What was the original intent of TARP?
Off topic rant by an agent provocateur, please move to Vent.
Please do not reply and let this Thread die.
The original intent is lost, the rules were changed remember. Check out this site, Malcolm Hotchkiss the President and CEO of united Labor Bank asks what happend too.
T.A.R.P. What Happened to a Good Idea?
www.http://letters.laborbank.com/tarp090324.html
dated 3-24-2009, Hotchkiss also had written a letter to Geitner.
And, this whole scenario is worse than a B rated movie, we still watch as they are behind the scenes nationalizing as we are pre-occupied.
Ps. I did not and do not agree with any tarp or bailouts, per the Principles of Macroeconomics when the government prevents a natural adjustment of supply and demand to occur it impedes business and households from coordinating with the new supply and demand structure. (N. Gregory mankiw) . Therefore, the original intent of TARP was to impede business, growth, personal incomes and households and the markets. I think it might just be working.
i hear you AMEN !! hang in there !
So THIS is what they decided in the big meeting with obambi last week.
Agreed. we will not achieve equilibrium with the current economic model. Government seems to have a warped idea of supply and demand. The thing with TARP or any other government intervention is accountability. The excuse seems to be that if we did nothing it would've been worse, but this thought is never challenged. It's the same with the reasoning behind the formation of the Department of Energy, to reduce our dependence on foreign oil. After 35 years, I'd say its an unmitigated failure, yet we fund it and not ask a single question.
Well said. No one asks questions anymore, I swear people are afraid. I have several friends who should be posting on this site but fear being tracked or traced. Our severed dependence on foreign oil should have occured many moons ago and could have and still can. As for the TARP, very little has hit the streets, I think it is too late and already so far off kilter that it may take years for the natural adjustment to occur now. We have a long way to go before the old America visits us again.