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Post by jimpres on Mar 16, 2008 14:15:27 GMT -7
So goes the dollar so goes the world. Things will be hurting in the US and abroad if the dollar keeps plummeting. Should have kept my horse.
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Post by kaima on Mar 17, 2008 9:57:03 GMT -7
How to use the rebate
As you may have heard the Bush Administration said each and every one of us would now get a nice rebate. If we spend that money at Wal-Mart, all the money will go to China . If we spend it on gasoline it will all go to the Arabs, if we purchase a computer it will all go to India, if we purchase fruit and vegetables it will all go to Mexico, Honduras, and Guatamala, if we purchase a good car it will all go to Japan, if we purchase useless crap it will all go to Taiwan and none of it will help the American economy.
We need to keep that money here in America , so the only way to keep that money here at home is to buy prostitutes and beer, since those are the only businesses still in the US
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Post by jimpres on Mar 17, 2008 10:13:55 GMT -7
Kai,
Great idea, but I am in a dry county so it will all have to go to the prostitutes.
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Post by kaima on Mar 18, 2008 0:03:29 GMT -7
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Post by justjohn on Mar 18, 2008 3:48:09 GMT -7
Kai, Great idea, but I am in a dry county so it will all have to go to the prostitutes. Jim, It's been my experience, in a dry county down south, that there are a lot of muddy and puddled spots available.
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Post by rdywenur on Mar 18, 2008 4:51:46 GMT -7
Time to build that still out back yonder.
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Post by rdywenur on Mar 18, 2008 5:12:06 GMT -7
Guest on Last night talk show.....
Economic Update First hour guest, trends researcher Gerald Celente reacted to the engineered takeover of Bear Stearns Cos., calling it the "St. Patrick's Day Massacre." The Federal Reserve is sacrificing the value of the dollar to "bail out their friends," he said, and this is just the start of the "economic 9-11" he's predicted for 2008. We're going to go through an inflationary cycle like never before, Celente cautioned.
He says if the interest rate continues to fall we will be owned by foreigners abroad. Get ready to brush up on your Chinese. We are fast sinking in deep doodoo.
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nathanael
Cosmopolitan
: “Die Wahrheit macht frei und ist das Fundament der Einheit (John Paul II)
Posts: 636
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Post by nathanael on Mar 18, 2008 5:18:06 GMT -7
Speaking of "building," one is reminded of Rosie the Riveteer and the spirit of her era that needs to be revived. By 1941, six million American women worked in the manufacturing plants, producing B-24's, B-29's, and ships for the Nation's war effort. When this number was increased to 20 million in 1944, one B-24 bomber was being produced every 63 minutes! That's quite a feet. Just imagine, with today's technology, a hundred tramcars could be produced in this time! This translates in 2,400 tramcars a day and 86,400 tramcars in a year If a parallel effort was mounted to built tramlines, we could end our dependency on foreign oil in one year given that people would be able to leave their cars at home and go to work by tram! 86,400 tramcars can transport as much as 6,512,000 strong work force!
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nathanael
Cosmopolitan
: “Die Wahrheit macht frei und ist das Fundament der Einheit (John Paul II)
Posts: 636
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Post by nathanael on Mar 18, 2008 5:36:01 GMT -7
The cartoon is very accurate. Since the U.S. was founded, till recently, each nation had its own economy. Under those conditions, the U.S, thanks to the resourcefullness of its people, and its moral qualities, sooner or later came on top. When globalism was ushered by Mammon worshippers like George Soros, the Federal Reserve, and the rest, the national control over economy was forever lost! Presently, our economy is being controlled not by our own merits, but is largely in the hands of our enemies, like OPEC, Communist China, Iran, and Saudi Arabia! Many of these people want America dead! Lest the national control over economy and destiny is somehow restored, our sovereignty will for ever be lost along with the American Dream!
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Post by jimpres on Mar 18, 2008 7:26:23 GMT -7
I guess living in the boonies here with many stills around is going to be profitable.
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Post by jimpres on Mar 18, 2008 7:29:40 GMT -7
JJ
There are probable many muddy spots down here. But none sell krupnik, strong, kastlian or zubrowka.
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Post by Atlantis5 on Mar 18, 2008 8:24:57 GMT -7
Perhaps I have the wrong book, or on the wrong page correct book. But, and then perhaps I am with the wrong mindset. I really do not believe the blame needs be heaped upon the heads and shoulders of the Arabs {The multitude of camel riders}. They are hagglers and traders to the tiny bit of hair on their heads. They are as they are, but in this instance, they have to trade with is {OIL}, and the world needs and wishes for more and more. So it is a natural Arab mind set, to make the best of this weakness of the Industrial world they deal with, and at the this moment in time, they hold all the cards. But, and perhaps I am speaking out of my league here as a non-voting person. But, then perhaps my mind set is not of vested interest, but as an observer. What I observe, is a energy shortage that is not as it appears. For the United States owns one of the most abundant sources in the world of coal resources. With this, an internal situation of a cancer called: Environmental lobbing in Congress and the American government being held hostage by Federal Court orders prohibiting new oil exploration. In as much to obstruction to oil exploration/drilling. Is the currant and present shortage of oil refineries. Currant refinery installations are at full capacity, in as noticeable with the increase of fuel prices at the semi annual season recalibration for winter/summer reformulation at the refineries level {this is usually made up with over production prior to refinery shut down to maintain usage supplies}. A primary reason of non-construction of new refineries? Once again, it is the marriage of the Federal Court decisions and that of vested interest environmentalist. With the mountain of paper work/environmental impact statements/safety and local impact upon surrounding communities/air and water quality for-cast studies==blockage of interest for further construction of refineries. The following is a very old url, but, it is a foundation to build upon for understanding of the currant and present situation in escalation of fuel prices. archive.newsmax.com/archives/articles/2001/5/1/130524.shtmlThe above is of an on view formed opinion in-as much as to the immediate Pacific North West region. For this is the place other then California, of oil depot collection/distribution and refineries central locations on the West Coast. So, it would appear, the problem is not the answer, the answer is internal with the Federal Government. The reason of this statement is this= It takes but a presidential order, to change a decision from {Federal Court Decision}{to an order of action}by virtue of {National Emergency Act}. By this action, in self, brings all energy concerns under a pact in as much to war time. This in self, has the potential of exchange of private owned enterprise to that of Federal emergency ownership and control {nationalizing so to speak}. Or, for the centralized powers of The Federal Government, to enlist their legal services in placing an injunction against any papers presented to the Federal Courts from any environmental or vested interest group with non-interference in any operation in the light of energy exploration/drilling and or exploitation, of any energy organic/non-organic energy source. Charles
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Post by kaima on Mar 18, 2008 9:01:54 GMT -7
86,400 tramcars can transport as much as 6,512,000 strong work force! That is a lot of hamburgers 6,512,000 Americans can flip in a day. I wonder how many hamburgers we can convince the Chinese to buy each day? We might end up with full employment, a legacy fo 'the Bush Economics". Kai
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Post by freetobe on Mar 18, 2008 19:21:46 GMT -7
Charles, I am an undeniable cynic so you know where I'm coming from here. The Americam people have been royally screwed by the likes of Bush, Cheney and all their staff. No matter what happens as result of thier wrongheaded management of American government, it seems that Americans are going to pay a high price for it. Today the Dow was up 400 points. Tomorrow it will probably retreat by the same amount or maybe not if the Fed continues to lower interest rates. In any case it is not going to help us unless the wealthiest give back some of what they gained during the past eight years. Fat chance! So America do your part, spend that huge tax rebate(huh) on locally made products like Smirnoff(made in the USA) or some good Tennessee moonshine. NA ZDROWIE!
s
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Post by Jaga on Mar 19, 2008 22:02:40 GMT -7
US economist calls financial crisis worst since 1930seconomictimes.indiatimes.com/News/International_Business/US_economist_calls_financial_crisis_worst_since_1930s/articleshow/2881608.cmsWELLINGTON: The current financial crisis is the worst the world has seen since the Great Depression of the 1930s and the US Federal Reserve move to cut interest rates will not make much difference, the Nobel Prize winning economist Joseph Stiglitz said on Wednesday. "It will have some impact - it will do a little bit to stem the blood - but it's not addressing the fundamental problems underlying the collapse of the financial sector," Joseph said. Stiglitz, who won the Nobel Prize in economics in 2001, is a former chief of the World Bank and chaired former US president Bill Clinton's council of economic advisers. He is in New Zealand on a lecture tour. He said the Federal Reserve's move to cut its funds rate by three-quarters of a percentage point was "just trying to ease the economy down rather than try to address the underlying problems." Stiglitz said the main problem was the fact that an estimated 2 million Americans were going to lose their homes because they could not repay mortgages which exceed the value of their property as house prices fell dramatically. "As people walk away from their mortgages there will be more and more defaults - that undermines the whole financial system," he said. Stiglitz said the Bush administration was bailing out banks, but accused it of refusing to do anything to help poor people stay in their homes which would stabilise the housing market. "It's very easy to do something about it," he said, suggesting the administration could give assistance to write down mortgages to about 90 per cent of the value of a house which would enable people to stay in their properties. However, the Bush administration has unveiled plans designed to help homeowners in danger of losing their homes by allowing holders of sub-prime mortgages to borrowers with poor credit to more easily apply for refinancing. The government will also send out tax rebate cheques in May. Stiglitz said it was ironic that former Federal Reserve head Alan Greenspan had said it was the world's worst economic problem in the last 50 years, adding, "He is the source of much of the problem." He said mismanagement by the Federal Reserve over the last seven years was one of the major factors underlying the current problem. "They had the regulatory authority to prevent some of these bad practices that we are now paying for and he chose not to do it." Stiglitz said the reason related in part to the war in Iraq and the very negative effect on the economy. [glow=red,2,300]"They didn't want Americans to know exactly how bad the war was for the economy so they flooded it with liquidity, they looked the other way with regulations and they deliberately, I think, postponed the problem into the future and now we're paying the price." [/glow]
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