Replies to This Discussion

Permalink Reply by Grillin' - MmmMmm on February 24, 2009 at 6:57

Baron: They would be funny if it weren't so serious and so sad. To those who voted for this clown, congrat's. You have CHANGED our country all right...changed it into a socialistic, class-envying, tax confiscating, rewarding the irresponsible mess.

I'm getting ready to send a big ol' check to Good Ol' Barry O so that he can give it to his friends and supporters for sitting on their happy arse's and collecting welfare. Thanks Barry! Lenin couldn't have done it better!!

And why is it everytime this clown gets up and speaks, the markets crash??

Permalink Reply by The_Baron on February 24, 2009 at 7:11

Just be glad the markets closing bell is before tonites speech.

Permalink Reply by RAZORBACK on February 24, 2009 at 11:52

INTERESTING ARTICLE OF WHAT MAY BE IN THE NEAR FUTURE

Stimulus to Stimulate Collapse of Currency
By Bob Livingston • Feb 23rd, 2009
The Federal Government is proposing an $787 billion economic stimulus plan to energize the economy, but will pumping that money into the economy stimulate anything other than the speed at which currency collapses? The simple answer is no.
The only way for true economic growth is by the transfer of services, goods or wealth between people (or businesses) who actually produce something. In other words, if someone provides a service and gets gold or silver (actual wealth) or widgets for compensation, both the service provider and widget maker has benefited and each has something that has bettered his standard of living.
If the one who performed the service uses the widgets to acquire trinkets which help him to perform his service, then the service performer has benefited. The trinket maker has also benefited, and can put the widgets to use. This sort of transfer has worked from the beginning of time, when the farmer took his produce to market where it was sold or bartered in exchange for wealth, tools, supplies and seeds so he could begin producing food for next year.
But the Fed produces nothing but more paper money, and it takes from the producers. Therefore, its only solution for the collapsing financial system is to steal wealth from the producers of goods and services through taxation and provide more and more fiat money and credit. This can only mean final and complete collapse of the U.S. dollar. Everyone should be aware of this and move as much as possible out of the dollar.
A second and primary concern of the Fed is their control of public perceptions. They must keep the crowd quiet. They positively do not want a panic and run on the banks. The very last thing central banks want is transparency. The vested interest (the paper money crowd) will color the news more and more.
Historically, the propensity of governments is to debase the currency. Americans now know what a sector collapse looks like. This chaos will continue for some time as businesses continue to cut back on inventories, production and numbers of employees or die altogether.
This should cause alert people to see the urgent need to move quickly to protect what they have.
Yes, I can easily believe that the crowd is still asleep but you readers are not.
Up-to-date Emergency Recommendations:
• Have some cash at home.
• Have some 1 oz. gold coins at home.
• Take delivery of long-term holding stock certificates if you have them. They are not tied to any broker. Your dividends will come straight to you.
• Have some silver coins at home.
• All major companies like GE and GM and the big banks are major derivative dealers. In these times small banks and small brokers may be safer.
• Avoid internet financial services, i.e. brokers and banks and be careful how you use the internet. The government is snooping and thieves are watching. Better to use fax or mail. This may not be private either, but better. Use the phone for travel plans.
• Consider a Swiss annuity denominated in Swiss francs. Call 1-800-331-0996 and give your name and address for more information.
• Buy oil, energy, uranium, and commodity related assets/stocks, including gold and silver stocks.
• Store gold coins in the Perth Mint if you have the funds. Get details on the web at www.perthmint.com.
• As always have basic food and water stored at home.

Permalink Reply by Cathaus on February 24, 2009 at 12:04

The sky is falling, the sky is falling. This is the same warning we received the last 3 months of 1999.

Permalink Reply by OGCalifornia on February 24, 2009 at 13:01

Unfortunately for us we didn't hear it for the last 8 years.

Permalink Reply by intrepid on February 24, 2009 at 14:52

All is not lost. We will survive Obamania. We'll get rid of him in 2012. Hopefully take Congress in 2010 and squelch some of his wasteful ways.

I was hopeful that Obama, since he did win, would be what was needed and would pull everyone together and get things rolling again. Unfortunately, he chose to turn everything over to Pelosi and Reid right off the bat and shirked his duty to draft the proper and bipartisan economic stimulus bill so I hold out no hope for him being the change we need.

Change in 2010!

Permalink Reply by The_Baron on February 24, 2009 at 9:24

Q. What will the difference be between President Obama and Karl Marx?

A. Nobody knows.

Permalink Reply by The_Baron on February 24, 2009 at 9:25

Q. Why won't President Obama have a turkey for Thanksgiving dinner?

A. Vice President Biden will be out of town.

Permalink Reply by Big Daddy, bcnr on February 24, 2009 at 12:22

I actually feel sorry for some of you who can't get behind anything the elephant (or Rush) doesn't tell you to. It is going ot be a LLLOOONNNNGGGGGGGGGGGG 4 yrs. for some of you. I wonder how you manage to get out of bed in the morning.

Permalink Reply by OGCalifornia on February 24, 2009 at 13:03

Cannie:
Truer words were never spoken. Hopefully it will be 8 years.

Permalink Reply by Dorcheated A1 on February 25, 2009 at 10:05

Hello OG,

Long time no speaky. Let me me throw a few true words around for you.

Your lovely state of California is on it's knees begging every Tom, Dick and Harry it know's for money because it is 42 billion dollars in debt. My crediting rating is better than your state, CA can't even borrow the money from Chinese to get out debt. So yes, it would fit perfect that Obama be in office for eight years so your state can get on it's knees and beg for Federal money.

P.S.
Isn't CA run by the Donkeys, for the Donkeys, you might look at getting a elephant to sit on your problems before CA is annexed by Mexico.

Permalink Reply by intrepid on February 25, 2009 at 11:14

Cali annexed by Mexico???? Could we maybe work out some kinda trade and speed this up? Maybe just an even swap?

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