Fire your financial planner and stop listening to Paulson!
_20080906034654.jpg)
Treasury Secretary Paulson
April 20, 2007 — I dont see (subprime mortgage market troubles) imposing a serious problem. I think its going to be largely contained.
July 26, 2007 — I don’t think it [the subprime mess] poses any threat to the overall economy.
November 29, 2007 — While the difficulties in housing and credit markets and the effects of high energy prices will extract a penalty from growth, the US economy has many strengths, and I expect the expansion to continue,
December 7, 2007 – The US banking system is well-capitalized and we have a strong deposit insurance system that provides good coverage for the savings of hard-working Americans.
March 16, 2008 — I have great, great confidence in our capital markets and in our financial institutions. Our financial institutions, banks and investment banks, are strong. Our capital markets are resilient. Theyre efficient. Theyre flexible.
May 16, 2008 — Looking forward, I expect that financial markets will be driven less by the recent turmoil and more by broader economic conditions and, specifically, by the recovery of the housing sector.
July 20, 2008 — Its a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.
September 19, 2008 — I am convinced that this bold approach will cost American families far less than the alternative — a continuing series of financial institution failures and frozen credit markets unable to fund economic expansion,.
November 12, 2008 — This market has for all practical purposes ground to a halt. Today, the illiquidity in this sector is raising the cost and reducing the availability of car loans, student loans and credit cards. This is creating a heavy burden on the American people and reducing the number of jobs in our economy.
November 12, 2008 — I will never apologize for changing a strategy or an approach if the facts change,
November 14, 2008 — We have in many ways humiliated ourselves as a nation with some of the problems that have taken place here,
November 14, 2008 — I’m not saying we’re going to need more,” he said. “Let’s get this program done. Let’s get the $250 billion out the door, let’s see how it’s working … and it’s highly likely the right thing to do will be at some time in the not too distant future to have another capital program,
Worst advice ever
http://www.marketwatch.com/news/story/Ten-investment-ideas-make-you/story.aspx?guid=%7bD3DE1B99-663C-43E2-9F97-1B6BD4A232FC%7d&print=true&dist=printMidSection
Presented by Credit Card Online Approval Staff - Credit Card Online Approval
Last 5 posts in credit
- Obtain Your Free Credit Score: Defend Yourself From Identity Theft - July 1st, 2010
- Say NO To Credit Card Debt - June 30th, 2010
- What Do Credit Reports Mean And How Are They Calculated? - June 16th, 2010
- How Are FICO Scores Calculated - June 15th, 2010
- What's A Good Credit Score? - June 15th, 2010
credit
A stock is only worth what the last person paid for that stock. Think about it, it is not based on the real value of that company. So until other want it and are willing to pay good money for it. It will remain as it is…
Stay away from Mutuals.
Caffeinated Content
Okay I can assure you this guy is telling you the truth. A financial advisor is not a stock broker nor are they degreed in financial studies of any kind. For the most part they are typically not even educated in anything financial, banking or other wise. You could throw a dart and do just as good as they can. But you pay them to throw it for you. Crazy!
Caffeinated Content
Great witt too bad only half
Create a video blog
SJLS Please explain why Primerica is a scam. Give details. Thank you.
Create a video blog
Explain please. Give an experience or example. Thank you.
Caffeinated Content – Members-Only Content for WordPress
A college education…for what?…to steal what?…money?…to become a sophisticated thug? Maybe you need to be born with some exclusive communication skills, that’s all you need really! Oh! and a good 3-piece suit of course! That’ll work wonders!
Website content
Primerica is a scam MLM
Caffeinated Content – Members-Only Content for WordPress
No plug off-yet. If the US falls alone or much more than the rest of the world, “plug off” makes sense. If we are all relative to eachother and all based on nothing but fiat currency–maybe nothing happens, just the zeros get changed. Meanwhile, enjoy this Youtube video youtube. com/watch?v=NIfH0vY2ANA
Kansieo.com
Well, looking deeper as I can. Cant see more than I see, my father…
Website content
Look deeper, my son. Seek true understanding.
Create a video blog…instantly.
“The gold back currencies kept credit inflation somewhat in check.
That isnt the case with the fiat currencies.”
Well, well, Spain did show us the opposite, did not they?
The big difference with gold is that as soon as the last ounce is undigged from the earth, either only a selected few will be able to live on the earth or something will have to happen…
Kansieo.com
“Cut defense budget 50% (pull all troops home)”
Seriously, how much have the US invested in global military domination? You want to erase this comparative advantage right now for free?
The main reason that the US, this wealth sink, is keeping doing okay is because of this global military domination.
As to work, there is going to be two main types of work left in the US: capital ownership and servitude. Other workers have to move in places around the world where their work is.
Kansieo.com
to negociate to join Euroland. No plug off.
Now yep, if Marxist Chavez is taking his marbles out of the game, it is going to make a huge, a huge difference, his marbles account for well, I dont know 0.01 per cent of the total…
Caffeinated Content
Still no pulling the plug off.
We have the middle east on the verge of bankrupcy with their monoactivity “oil” not decreasing in volumes but in value (huh, this one is pretty harsh when you come to think of the nature of the oil commodity) No plug off.
We have Japan (the main creditor to the US) seriously considering writting off the US debt in order to restart the machine (Japan is a net food importer, it might explain this) No plug off.
We have GB (another big creditor to the US) starting
Create a video blog
Sounds like the “plug off” argument: as soon as countries realizes how bad the situation is for the USD, they will plug off.
So what do we have currently?
We have Russia on the border of chaos, already no longer paying pensions and stuff. Russia doesnt seem to love the US but still not pulling the plug off.
We have China which is going to endure the smearing of the western world when they have to quash inner unrest “look the way the Chinese behave when we dont pay them what we owe them”
Kansieo.com
Cut defense budget 50% (pull all troops home); remove all personal and small bus income tax; These two actions alone revive the economy and give people real incentive to work again.
(Take a breath) Forgive all HELOC in U.S. (They’re toast anyway. Peter Schiff’s idea.)
(Put on your thinking caps) Retool U.S. light industry for zero point energy (home generators $4000, run free. Troy Reid’s 3x auto engine, Joseph Newman’s power generators.)
THINK.
- ron and jim
credit
You’re right and all thing have been nominaly priced with this funny money in the system as derivatives deflate so will prices.
Caffeinated Content
Yeah, it just seems like since they will have to borrow it from the private sector it will hurt businesses that would have otherwise gotten that money to invest in themselves. So it just seems like it would be a quick burst of spending or they will resort to printing it which would be taxed through inflation.
Caffeinated Content – Members-Only Content for WordPress
Exactly.The gold back currencies kept credit inflation somewhat in check.
That isnt the case with the fiat currencies, credit inflation in the last few years has been astronomical.
This will be 10 times worse than 1929 because there is alot more funny money to delete/deflate.
We have already had the hyper-inflation but it was in credit/debt, that didnt transpose into price inflation because the amount of interest grew exponentialy resulting in dis-inflation as people paided more in interest.
Website content
Fair enough. A vacuum never lasts long. WE have the Arabian states considering a local currency, we have Hugo Chavez promoting a “Bolivar”, and we have many in the US moving to gold and silver. Still wish someone would get a cogent arguement going re:inflation or deflation, buy house or don’t.
Funny thing, I just recieved my first shipment of silver dollars during this discussion! Excuse my while I inspect
Caffeinated Content
As any currency, you can tell that the USD is going to collapse/disappear. But seeing it in the next few years will be surprizing unless it is done in favour of another currency allowing to do what can be done with the USD even better.
credit
Vision Victory lives in the desert of Southern California, as do I. My major problems have been with coyotes. Thanks for that more extensive list, but a coop still is the best protection. A guard dog would be good too, but they must be fed.
Caffeinated Content
Adam Smith? Maybe its just the words you use that hinder my understanding of your meaning. Good example is how the US can REACH autarky. I don’t think it will reach autarky as a GOAL, autarky will be imposed when the dollar collapses and is no longer accepted outside the US. Then the US will have to be self sufficient, but that will be IMPOSED, not achieved.
Still, no one has answered my original question–to buy another house, or not?
Website content
Woooohhhh… Somebody refering to the one of the most qualifyable, quantifiable and observable features of Adam Smith is a Marxist?
The US an autarky? The US has never been an autarky. I really wonder how this could happen. To support itself, the US needs to guzzle down 50 per cent of the natural resources extracted on a daily basis worldwide. I have no doubt this factual statement will get me to sound like a Marxist to you but hey, I am really eager of learning how the US can reach autarky..
credit
I was hunting for coyote yesterday and came across the ‘dinner leftovers’. Only thing left was just the foot and ankle from a rabbit. Everything else was devoured.
Even so, coyotes aren’t the most problematic predator around here.
Racoons can take the chickens even if penned. They can climb their way in. Opossums can be vicious too. Snakes make their way in and steal eggs.
Talk to the DNR or your county extension agent about what predators are in your area (and how to remove them).