Some Reasons We Are In So Much Trouble

Want to see how incredibly disconnected some advisor’s really are? Please watch this video, it will totally blow you away:

Hat tip to the fall of civilization. I can’t believe how that idiot kept spouting such incredible nonsense. A whole bunch of reasons why we are in so much trouble are covered in this segment. Idiots spouting absolutely useless advice and belief systems, and ignoring sound factual common sense.

Also worth reading to help keep everything in perspective, Chris Martenson (of “crash” collapse course) What the Latest Bail Plan Means

But the money being injected into the system now (with “no” bailout, don’t believe it, it already happened, you just weren’t being told about it) is here: Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week

$188 billion per day on average over the course of five days means that the total amount borrowed from the Fed in the week ending the 24th September stood at $940 billion – a figure that easily eclipses the proposed $700 billion bailout.


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6 thoughts on “Some Reasons We Are In So Much Trouble

  • September 30, 2008 at 8:30 pm

    is this the video you meant to post. It is all about Sarah Palin and witchcraft?

  • September 30, 2008 at 8:38 pm

    Makes about as much sense as anything else going on as far as I can tell.

    “You can be a murderous tyrant and the world will remember you fondly but fuck one horse and you’ll be a horse fucker for all eternity” ~ Catherine the Great

    just saying

  • September 30, 2008 at 9:02 pm

    Tao – think I posted the wrong one. The Palin withcraft video wasn’t really that interesting to me, but the other one was, I’ve fixed the link I think.

    Very tired here, the food business has gone absolutely nuts.

  • September 30, 2008 at 10:04 pm

    I get three TV channels off my antenna up here in the hills. One of them is PBS. These guys are the worst liars of all the networks. I don’t remember the “Host’s” name, but yesterday and today, he’s had on “guests” telling us why we need to give our money to these criminal enterprises. My god, the entire organization is corrupt. How can it not collapse? Who needs a revolution when if we just wait long enough, the damn thing will self-implode, and rightly at that. I am constantly astounded at the number of traitors in this country. The figure is staggering–in the millions at least.

  • October 1, 2008 at 12:32 pm

    Yeah, I was reading about the “loans” the Fed is making to Treasury, which is then “loaned” to banks, so they can “loan” to business, small and large. It’s called a liquidity crisis because the banks have stopped loaning to other banks as they don’t know if those banks will go under. Imagine!

    An idea I think is worth considering is taking the $700 billion and creating a national bank, independent of Congress but controlled by the government. Think of it as a Fed for everyone else (the Fed’s job is simply to loan to the government).

    Why? The current patchwork brings a lot of intermediaries in to the picture, each one taking a slice of the pie. Banks charging banks, fees for using banks, all this bullshit.

    Imagine though if a national bank was created that everyone could use. Then the interest rates that private banks extend to each other could be extended to borrowers for homes and businesses at rates set by the people. We could renegotiate all the bad mortgage debt and keep people in their homes. We could use the money to keep lines of credit open for small businesses.

    We could also use the money to refurbish the grid and provide incentives and loans for investments in renewable energy.

    Right now, we have no control over the money. Although I’ve not thought how we might control the board (would not want them appointed by the president or Congress), my thinking is that the board members would run a national campaign funded by public dollars.

    I digress. My key concern is instead of giving the $700 billion to Scum Street, we take control of the money to help us, the little guy. This would stabilize the housing market, keep liqidity in the system, and permit all of us to save on fees and interest.

  • October 1, 2008 at 3:16 pm

    The guy Laffer that makes such an ass of himself is the same “economist” that proposed to Reagan that we could simply cut taxes and the multiplier effect (trickle down) from such cuts would more than make up for the deficit. Reagan followed Laffer’s advice and the result was a tripling of the national debt. Such a tripling will look quaint after this year, where a tripling will likely take place in 2008 alone.

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