Comments on: Hillary Clinton on Financial Market Crisis [Update] http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/ Sun, 08 Nov 2009 17:54:21 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: simon http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-170146 simon Thu, 27 Mar 2008 14:28:14 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-170146 <blockquote>At least Paul Volker advocated restraint in financial markets although at the time his position might have made a huge difference he was ‘overruled’ by the rest of the Presidential Working Group (PWG) at the time</blockquote> Volker is part of a financial network that profits off of the Iraq mess, ie Volker, Germany, China, Taliban, Iraq, Chinese arms, and nuclear energy. Right. Shithead. Does that make him, technically, a traitor? http://www.canadafreepress.com/2004/cover121504.htm

At least Paul Volker advocated restraint in financial markets although at the time his position might have made a huge difference he was ‘overruled’ by the rest of the Presidential Working Group (PWG) at the time

Volker is part of a financial network that profits off of the Iraq mess, ie Volker, Germany, China, Taliban, Iraq, Chinese arms, and nuclear energy.

Right.

Shithead.

Does that make him, technically, a traitor?

http://www.canadafreepress.com/2004/cover121504.htm

]]> By: skyblu http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-170114 skyblu Thu, 27 Mar 2008 12:47:25 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-170114 Clinton or Obama? If you think Robert Rubin and Alan Greenspan will 'fix the economy', vote for Hillary Clinton. If you think Paul Voker will correct the economy, vote for Barrack Obama. The financial wreck we are in is the result of the deregulation by the agencies and commission of the US federal government, aided and abetted by the US Congress and the US President from Reagan through Bush II, but most fiercely, the GOP Congress, Sec Treasury Rubin, President Clinton, and the Presidential Working Group established in 1988 under Executive Order by President Ronald Reagan. With the 1999 repeal of key provisions of the 1933 Emergency Banking Act aka Glass-Steagall (adopted in response to the 1929 stock market crash and bank failures, 1 out of 4 banks 'went under'), the decimation of US financial stability was completed. By the way, Alan Greenspan, the former big fed chairman, was in attendance at the last meeting of the "Gulf States", i.e. Saudi Arabia etc advising them to drop the US dollar and shift to a basket of 'world' currencies for valuing petroleum. At least Paul Volker advocated restraint in financial markets although at the time his position might have made a huge difference he was 'overruled' by the rest of the Presidential Working Group (PWG) at the time. Although established by Reagan, the PWG went into quiessence but resurrected by Henry Paulson with great vigor and devastating results. Clinton or Obama?

If you think Robert Rubin and Alan Greenspan will ‘fix the economy’, vote for Hillary Clinton.

If you think Paul Voker will correct the economy, vote for Barrack Obama.

The financial wreck we are in is the result of the deregulation by the agencies and commission of the US federal government, aided and abetted by the US Congress and the US President from Reagan through Bush II, but most fiercely, the GOP Congress, Sec Treasury Rubin, President Clinton, and the Presidential Working Group established in 1988 under Executive Order by President Ronald Reagan. With the 1999 repeal of key provisions of the 1933 Emergency Banking Act aka Glass-Steagall (adopted in response to the 1929 stock market crash and bank failures, 1 out of 4 banks ‘went under’), the decimation of US financial stability was completed.

By the way, Alan Greenspan, the former big fed chairman, was in attendance at the last meeting of the “Gulf States”, i.e. Saudi Arabia etc advising them to drop the US dollar and shift to a basket of ‘world’ currencies for valuing petroleum.

At least Paul Volker advocated restraint in financial markets although at the time his position might have made a huge difference he was ‘overruled’ by the rest of the Presidential Working Group (PWG) at the time. Although established by Reagan, the PWG went into quiessence but resurrected by Henry Paulson with great vigor and devastating results.

]]> By: Truxter http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161908 Truxter Tue, 18 Mar 2008 17:24:22 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161908 Don’t believe one optimistic word from any public figure about the economy or humanity in general. They are all part of the problem. Its like a game of Monopoly. In America, the richest 1% now hold 1/2 OF ALL UNITED STATES WEALTH. Unlike ‘lesser’ estimates, this includes all stocks, bonds, cash, and material assets held by America’s richest 1%. Even that filthy pig Oprah acknowledged that it was at about 50% in 2006. Naturally, she put her own ‘humanitarian’ spin on it. Calling attention to her own ‘good will’. WHAT A DISGUSTING HYPOCRITE SLOB. THE RICHEST 1% HAVE LITERALLY MADE WORLD PROSPERITY ABSOLUTELY IMPOSSIBLE. Don’t fall for any of their ‘humanitarian’ CRAP. ITS A SHAM. THESE PEOPLE ARE CAUSING THE SAME PROBLEMS THEY PRETEND TO CARE ABOUT. Ask any professor of economics. Money does not grow on trees. The government can’t just print up more on a whim. At any given time, there is a relative limit to the wealth within ANY economy of ANY size. So when too much wealth accumulates at the top, the middle class slip further into debt and the lower class further into poverty. A similar rule applies worldwide. The world’s richest 1% now own over 40% of ALL WORLD WEALTH. This is EVEN AFTER you account for all of this ‘good will’ ‘humanitarian’ BS from celebrities and executives. ITS A SHAM. As they get richer and richer, less wealth is left circulating beneath them. This is the single greatest underlying cause for the current US recession. The middle class can no longer afford to sustain their share of the economy. Their wealth has been gradually transfered to the richest 1%. One way or another, we suffer because of their incredible greed. We are talking about TRILLIONS of dollars which have been transfered FROM US TO THEM. All over a period of about 27 years. Thats Reaganomics for you. The wealth does not ‘trickle down’ as we were told it would. It just accumulates at the top. Shrinking the middle class and expanding the lower class. Causing a domino effect of socio-economic problems. But the rich will never stop. They just keep getting richer. Leaving even less of the pie for the other 99% of us to share. At the same time, they throw back a few tax deductible crumbs and call themselves ‘humanitarians’. Cashing in on the PR and getting even richer the following year. IT CAN’T WORK THIS WAY. Their bogus efforts to make the world a better place can not possibly succeed. Any 'humanitarian' progress made in one area will be lost in another. EVERY SINGLE TIME. IT ABSOLUTELY CAN NOT WORK THIS WAY. This is going to end just like a game of Monopoly. The current US recession will drag on for years and lead into the worst US depression of all time. The richest 1% will live like royalty while the rest of us fight over jobs, food, and gasoline. So don’t fall for any of this PR CRAP from Hollywood, Pro Sports, and Wall Street PIGS. ITS A SHAM. Remember: They are filthy rich EVEN AFTER their tax deductible contributions. Greedy pigs. Now, we are headed for the worst economic and cultural crisis of all time. Crime, poverty, and suicide will skyrocket. SEND A “THANK YOU” NOTE TO YOUR FAVORITE MILLIONAIRE. ITS THEIR FAULT. I’m not discounting other factors like China, sub-prime, or gas prices. But all of those factors combined still pale in comparison to that HUGE transfer of wealth to the rich. Anyway, those other factors are all related and further aggrivated because of GREED. If it weren’t for the OBSCENE distribution of wealth within our country, there never would have been such a market for sub-prime to begin with. Which by the way, was another trick whipped up by greedy bankers and executives. IT MAKES THEM RICHER. The credit industry has been ENDORSED by people like Oprah Winfrey, Ellen DeGenerous, Dr Phil, and many other celebrities. IT MAKES THEM RICHER. Now, there are commercial ties between nearly every industry and every public figure. IT MAKES THEM RICHER. So don’t fall for their ‘good will’ BS. ITS A LIE. If you fall for it, then you’re a fool. If you see any real difference between the moral character of a celebrity, politician, attorney, or executive, then you’re a fool. No offense fellow citizens. But we have been mislead by nearly every public figure. WAKE UP PEOPLE. THEIR GOAL IS TO WIN THE GAME. The 1% club will always say or do whatever it takes to get as rich as possible. Without the slightest regard for anything or anyone but themselves. Reaganomics. Their idea. Loans from China. Their idea. NAFTA. Their idea. Outsourcing. Their idea. Sub-prime. Their idea. High energy prices. Their idea. Obscene health care charges. Their idea. The commercial lobbyist. Their idea. The multi-million dollar lawsuit. Their idea. The multi-million dollar endorsement deal. Their idea. $200 cell phone bills. Their idea. $200 basketball shoes. Their idea. $30 late fees. Their idea. $30 NSF fees. Their idea. $20 DVDs. Their idea. Subliminal advertising. Their idea. Brainwash plots on TV. Their idea. Vioxx, and Celebrex. Their idea. The MASSIVE campaign to turn every American into a brainwashed, credit card, pharmaceutical, love-sick, celebrity junkie. Their idea. All of the above shrink the middle class, concentrate the world’s wealth and resources, create a dominoe effect of socio-economic problems, and wreak havok on society. All of which have been CREATED AND ENDORSED by celebrities, athletes, executives, entrepreneurs, attorneys, and politicians. IT MAKES THEM RICHER. So don’t fall for any of their ‘good will’ ‘humanitarian’ BS. ITS A SHAM. NOTHING BUT TAX DEDUCTIBLE PR CRAP. In many cases, the 'charitable' contribution is almost entirely offset. Not to mention the opportunity to plug their name, image, product, and 'good will' all at once. IT MAKES THEM RICHER. These filthy pigs even have the nerve to throw a fit and spin up a misleading defense with regard to 'federal tax revenue'. ITS A SHAM. THEY SCREWED UP THE EQUATION TO BEGIN WITH. If the middle and lower classes had a greater share of the pie, they could easily cover a greater share of the federal tax revenue. They are held down in many ways because of greed. Wages remain stagnant for millions because the executives, celebrities, athletes, attorneys, and entrepreneurs, are paid millions. They over-sell, over-charge, under-pay, outsource, cut jobs, and benefits to increase their bottom line. As their profits rise, so do the stock values. Which are owned primarily by the richest 5%. As more United States wealth rises to the top, the middle and lower classes inevitably suffer. This reduces the potential tax reveue drawn from those brackets. At the same time, it wreaks havok on middle and lower class communities and increases the need for financial aid. Not to mention the spike in crime because of it. There is a dominoe effect to consider. IT CAN'T WORK THIS WAY. But our leaders refuse to acknowledge this. Instead they come up with one trick after another to milk the system and screw the majority. These decisions are heavily influensed by the 1% club. Every year, billions of federal tax dollars are diverted behind the scenes back to the rich and their respective industries. Loans from China have been necessary to compensate in part, for the red ink and multi-trillion dollar transfer of wealth to the rich. At the same time, the feds have been pushing more financial burden onto the states who push them lower onto the cities. Again, the hardship is felt more by the majority and less by the 1% club. The rich prefer to live in exclusive areas or upper class communities. They get the best of everything. Reliable city services, new schools, freshly paved roads, upscale parks, ect. The middle and lower class communities get little or nothing without a local tax increase. Which, they usually can't afford. So the red ink flows followed by service cuts and lay-offs. All because of the OBSCENE distribution of bottom line wealth in this country. So when people forgive the rich for their incredible greed and then praise them for paying a greater share of the FEDERAL income taxes, its like nails on a chalk board. I can not accept any theory that our economy would suffer in any way with a more reasonable distribution of wealth. Afterall, it was more reasonable 30 years ago. Before Reaganomics came along. Before GREED became such an epidemic. Before we had an army of over-paid executives, bankers, celebrities, athletes, attorneys, investors, entrepreneurs, developers, and sold-out politicians to kiss their asses. As a nation, we were in much better shape. Strong middle class, free and clear assets, lower crime rate, more widespread prosperity, stable job market, lower deficit, ect. Our economy as a whole was much more stable and prosperous for the majority. WITHOUT LOANS FROM CHINA. Now, we have a more obscene distribution of bottom line wealth than ever before. We have a sold-out government, crumbling infrastructure, energy crisis, home forclosure epidemic, 13 figure national deficit, and 12 figure annual shortfall. The cost of living is higher than ever before. Most people can't even afford basic health care. ALL BECAUSE OF GREED. I really don't blame the 2nd -5th percentiles in general. No economy could ever function without some reasonable scale of personal wealth and income. But it can't be allowed to run wild like a mad dog. ALBERT EINSTEIN TRIED TO MAKE PEOPLE UNDERSTAND. UNBRIDLED CAPITALISM ABSOLUTELY CAN NOT WORK. TOP HEAVY ECONOMIES ALWAYS COLLAPSE. Bottom line: The richest 1% will soon tank the largest economy in the world. It will be like nothing we’ve ever seen before. The American dream will be shattered. and thats just the beginning. Greed will eventually tank every major economy in the world. Causing millions to suffer and die. Oprah, Angelina, Brad, Bono, and Bill are not part of the solution. They are part of the problem. THERE IS NO SUCH THING AS A MULTI-MILLIONAIRE HUMANITARIAN. EXTREME WEALTH MAKES WORLD PROSPERITY ABSOLUTELY IMPOSSIBLE. WITHOUT WORLD PROSPERITY, THERE WILL NEVER BE WORLD PEACE OR ANYTHING EVEN CLOSE. GREED KILLS. IT WILL BE OUR DOWNFALL. Of course, the rich will throw a fit and call me a madman.. Of course, they will jump to small minded conclusions about 'jealousy', 'envy', or 'socialism'. Of course, their ignorant fans will do the same. You have to expect that. But I speak the truth. If you don’t believe me, then copy this entry and run it by any professor of economics or socio-economics. Then tell a friend. Call the local radio station. Re-post this entry or put it in your own words. Be one of the first to predict the worst economic and cultural crisis of all time and explain its cause. WE ARE IN BIG TROUBLE. Don’t believe one optimistic word from any public figure about the economy or humanity in general. They are all part of the problem. Its like a game of Monopoly. In America, the richest 1% now hold 1/2 OF ALL UNITED STATES WEALTH. Unlike ‘lesser’ estimates, this includes all stocks, bonds, cash, and material assets held by America’s richest 1%. Even that filthy pig Oprah acknowledged that it was at about 50% in 2006. Naturally, she put her own ‘humanitarian’ spin on it. Calling attention to her own ‘good will’. WHAT A DISGUSTING HYPOCRITE SLOB. THE RICHEST 1% HAVE LITERALLY MADE WORLD PROSPERITY ABSOLUTELY IMPOSSIBLE. Don’t fall for any of their ‘humanitarian’ CRAP. ITS A SHAM. THESE PEOPLE ARE CAUSING THE SAME PROBLEMS THEY PRETEND TO CARE ABOUT. Ask any professor of economics. Money does not grow on trees. The government can’t just print up more on a whim. At any given time, there is a relative limit to the wealth within ANY economy of ANY size. So when too much wealth accumulates at the top, the middle class slip further into debt and the lower class further into poverty. A similar rule applies worldwide. The world’s richest 1% now own over 40% of ALL WORLD WEALTH. This is EVEN AFTER you account for all of this ‘good will’ ‘humanitarian’ BS from celebrities and executives. ITS A SHAM. As they get richer and richer, less wealth is left circulating beneath them. This is the single greatest underlying cause for the current US recession. The middle class can no longer afford to sustain their share of the economy. Their wealth has been gradually transfered to the richest 1%. One way or another, we suffer because of their incredible greed. We are talking about TRILLIONS of dollars which have been transfered FROM US TO THEM. All over a period of about 27 years. Thats Reaganomics for you. The wealth does not ‘trickle down’ as we were told it would. It just accumulates at the top. Shrinking the middle class and expanding the lower class. Causing a domino effect of socio-economic problems. But the rich will never stop. They just keep getting richer. Leaving even less of the pie for the other 99% of us to share. At the same time, they throw back a few tax deductible crumbs and call themselves ‘humanitarians’. Cashing in on the PR and getting even richer the following year. IT CAN’T WORK THIS WAY. Their bogus efforts to make the world a better place can not possibly succeed. Any ‘humanitarian’ progress made in one area will be lost in another. EVERY SINGLE TIME. IT ABSOLUTELY CAN NOT WORK THIS WAY. This is going to end just like a game of Monopoly. The current US recession will drag on for years and lead into the worst US depression of all time. The richest 1% will live like royalty while the rest of us fight over jobs, food, and gasoline. So don’t fall for any of this PR CRAP from Hollywood, Pro Sports, and Wall Street PIGS. ITS A SHAM. Remember: They are filthy rich EVEN AFTER their tax deductible contributions. Greedy pigs. Now, we are headed for the worst economic and cultural crisis of all time. Crime, poverty, and suicide will skyrocket. SEND A “THANK YOU” NOTE TO YOUR FAVORITE MILLIONAIRE. ITS THEIR FAULT. I’m not discounting other factors like China, sub-prime, or gas prices. But all of those factors combined still pale in comparison to that HUGE transfer of wealth to the rich. Anyway, those other factors are all related and further aggrivated because of GREED. If it weren’t for the OBSCENE distribution of wealth within our country, there never would have been such a market for sub-prime to begin with. Which by the way, was another trick whipped up by greedy bankers and executives. IT MAKES THEM RICHER. The credit industry has been ENDORSED by people like Oprah Winfrey, Ellen DeGenerous, Dr Phil, and many other celebrities. IT MAKES THEM RICHER. Now, there are commercial ties between nearly every industry and every public figure. IT MAKES THEM RICHER. So don’t fall for their ‘good will’ BS. ITS A LIE. If you fall for it, then you’re a fool. If you see any real difference between the moral character of a celebrity, politician, attorney, or executive, then you’re a fool. No offense fellow citizens. But we have been mislead by nearly every public figure. WAKE UP PEOPLE. THEIR GOAL IS TO WIN THE GAME. The 1% club will always say or do whatever it takes to get as rich as possible. Without the slightest regard for anything or anyone but themselves. Reaganomics. Their idea. Loans from China. Their idea. NAFTA. Their idea. Outsourcing. Their idea. Sub-prime. Their idea. High energy prices. Their idea. Obscene health care charges. Their idea. The commercial lobbyist. Their idea. The multi-million dollar lawsuit. Their idea. The multi-million dollar endorsement deal. Their idea. $200 cell phone bills. Their idea. $200 basketball shoes. Their idea. $30 late fees. Their idea. $30 NSF fees. Their idea. $20 DVDs. Their idea. Subliminal advertising. Their idea. Brainwash plots on TV. Their idea. Vioxx, and Celebrex. Their idea. The MASSIVE campaign to turn every American into a brainwashed, credit card, pharmaceutical, love-sick, celebrity junkie. Their idea. All of the above shrink the middle class, concentrate the world’s wealth and resources, create a dominoe effect of socio-economic problems, and wreak havok on society. All of which have been CREATED AND ENDORSED by celebrities, athletes, executives, entrepreneurs, attorneys, and politicians. IT MAKES THEM RICHER. So don’t fall for any of their ‘good will’ ‘humanitarian’ BS. ITS A SHAM. NOTHING BUT TAX DEDUCTIBLE PR CRAP. In many cases, the ‘charitable’ contribution is almost entirely offset. Not to mention the opportunity to plug their name, image, product, and ‘good will’ all at once. IT MAKES THEM RICHER. These filthy pigs even have the nerve to throw a fit and spin up a misleading defense with regard to ‘federal tax revenue’. ITS A SHAM. THEY SCREWED UP THE EQUATION TO BEGIN WITH. If the middle and lower classes had a greater share of the pie, they could easily cover a greater share of the federal tax revenue. They are held down in many ways because of greed. Wages remain stagnant for millions because the executives, celebrities, athletes, attorneys, and entrepreneurs, are paid millions. They over-sell, over-charge, under-pay, outsource, cut jobs, and benefits to increase their bottom line. As their profits rise, so do the stock values. Which are owned primarily by the richest 5%. As more United States wealth rises to the top, the middle and lower classes inevitably suffer. This reduces the potential tax reveue drawn from those brackets. At the same time, it wreaks havok on middle and lower class communities and increases the need for financial aid. Not to mention the spike in crime because of it. There is a dominoe effect to consider. IT CAN’T WORK THIS WAY. But our leaders refuse to acknowledge this. Instead they come up with one trick after another to milk the system and screw the majority. These decisions are heavily influensed by the 1% club. Every year, billions of federal tax dollars are diverted behind the scenes back to the rich and their respective industries. Loans from China have been necessary to compensate in part, for the red ink and multi-trillion dollar transfer of wealth to the rich. At the same time, the feds have been pushing more financial burden onto the states who push them lower onto the cities. Again, the hardship is felt more by the majority and less by the 1% club. The rich prefer to live in exclusive areas or upper class communities. They get the best of everything. Reliable city services, new schools, freshly paved roads, upscale parks, ect. The middle and lower class communities get little or nothing without a local tax increase. Which, they usually can’t afford. So the red ink flows followed by service cuts and lay-offs. All because of the OBSCENE distribution of bottom line wealth in this country. So when people forgive the rich for their incredible greed and then praise them for paying a greater share of the FEDERAL income taxes, its like nails on a chalk board. I can not accept any theory that our economy would suffer in any way with a more reasonable distribution of wealth. Afterall, it was more reasonable 30 years ago. Before Reaganomics came along. Before GREED became such an epidemic. Before we had an army of over-paid executives, bankers, celebrities, athletes, attorneys, investors, entrepreneurs, developers, and sold-out politicians to kiss their asses. As a nation, we were in much better shape. Strong middle class, free and clear assets, lower crime rate, more widespread prosperity, stable job market, lower deficit, ect. Our economy as a whole was much more stable and prosperous for the majority. WITHOUT LOANS FROM CHINA. Now, we have a more obscene distribution of bottom line wealth than ever before. We have a sold-out government, crumbling infrastructure, energy crisis, home forclosure epidemic, 13 figure national deficit, and 12 figure annual shortfall. The cost of living is higher than ever before. Most people can’t even afford basic health care. ALL BECAUSE OF GREED. I really don’t blame the 2nd -5th percentiles in general. No economy could ever function without some reasonable scale of personal wealth and income. But it can’t be allowed to run wild like a mad dog. ALBERT EINSTEIN TRIED TO MAKE PEOPLE UNDERSTAND. UNBRIDLED CAPITALISM ABSOLUTELY CAN NOT WORK. TOP HEAVY ECONOMIES ALWAYS COLLAPSE. Bottom line: The richest 1% will soon tank the largest economy in the world. It will be like nothing we’ve ever seen before. The American dream will be shattered. and thats just the beginning. Greed will eventually tank every major economy in the world. Causing millions to suffer and die. Oprah, Angelina, Brad, Bono, and Bill are not part of the solution. They are part of the problem. THERE IS NO SUCH THING AS A MULTI-MILLIONAIRE HUMANITARIAN. EXTREME WEALTH MAKES WORLD PROSPERITY ABSOLUTELY IMPOSSIBLE. WITHOUT WORLD PROSPERITY, THERE WILL NEVER BE WORLD PEACE OR ANYTHING EVEN CLOSE. GREED KILLS. IT WILL BE OUR DOWNFALL. Of course, the rich will throw a fit and call me a madman.. Of course, they will jump to small minded conclusions about ‘jealousy’, ‘envy’, or ’socialism’. Of course, their ignorant fans will do the same. You have to expect that. But I speak the truth. If you don’t believe me, then copy this entry and run it by any professor of economics or socio-economics. Then tell a friend. Call the local radio station. Re-post this entry or put it in your own words. Be one of the first to predict the worst economic and cultural crisis of all time and explain its cause. WE ARE IN BIG TROUBLE.

]]> By: Kurt http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161781 Kurt Tue, 18 Mar 2008 13:52:47 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161781 How can you listen to this woman and vote Obama??? He could NEVER talk intelligently with Cramer like she did. If she does not win the nomination I will quit the democratic party along with many others. How can you listen to this woman and vote Obama??? He could NEVER talk intelligently with Cramer like she did.
If she does not win the nomination I will quit the democratic party along with many others.

]]> By: CK http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161764 CK Tue, 18 Mar 2008 13:11:05 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161764 I expect the rioting to start late this summer. I expect it for several reasons: 1) Gasoline will be over $5 a gallon 2) Unemployment will be up ( currently the honest unemployment number is about 8% counting those who are now longer looking, and underemployment is horrendous. The next college graduating class is facing some really difficult job entry markets ... the only one hiring is the federal government ) 3) I expect the dollar to continue to decline against other currencies, and oil exporting nations to start making private arrangements in other currencies. This will lead to oil shortages, and while the strategic reserve is now full, its fullness is not enough to keep the suburbs running and what little industry we have left running. 4) I expect food prices to inflate hugely. Oil is the base for most of the fertilizer and pesticide use that farms must have to keep pumping out food. Fertile farm land is being migrated from food production to ethanol production. The taxpayer funded subsidy to ethanol is unconscionable but will expand. 5) Currently there are 1,000,000 names on the domestic terrorist watch list, expect that to increase also as folks realize just how badly they are getting ripped by the two wings of our single political party. 6) The dollar has been steadily losing 5% a year in purchasing power, that rate will zoom as the government bails out more of the failures instead of letting the market wipe them out. 7) IF the Chinese, Indian and OPEC nations continue to stay away from the government debt sales, the interst cost on government debt will explode. Muni's have already been faced with 20% interest on some of their latest attempts to borrow as the us banks have sat out the auctions. 8) GLobal warming, hotter summer, electricity price hikes. Good times comin' Cee ... good times indeed. Invest in yardarms, portable guillotines and lamposts. Forget about tar and feathers, those are both imports now. I expect the rioting to start late this summer.
I expect it for several reasons:
1) Gasoline will be over $5 a gallon
2) Unemployment will be up ( currently the honest unemployment number is about 8% counting those who are now longer looking, and underemployment is horrendous. The next college graduating class is facing some really difficult job entry markets … the only one hiring is the federal government )
3) I expect the dollar to continue to decline against other currencies, and oil exporting nations to start making private arrangements in other currencies. This will lead to oil shortages, and while the strategic reserve is now full, its fullness is not enough to keep the suburbs running and what little industry we have left running.
4) I expect food prices to inflate hugely. Oil is the base for most of the fertilizer and pesticide use that farms must have to keep pumping out food. Fertile farm land is being migrated from food production to ethanol production. The taxpayer funded subsidy to ethanol is unconscionable but will expand.
5) Currently there are 1,000,000 names on the domestic terrorist watch list, expect that to increase also as folks realize just how badly they are getting ripped by the two wings of our single political party.
6) The dollar has been steadily losing 5% a year in purchasing power, that rate will zoom as the government bails out more of the failures instead of letting the market wipe them out.
7) IF the Chinese, Indian and OPEC nations continue to stay away from the government debt sales, the interst cost on government debt will explode. Muni’s have already been faced with 20% interest on some of their latest attempts to borrow as the us banks have sat out the auctions.
8) GLobal warming, hotter summer, electricity price hikes.
Good times comin’ Cee … good times indeed.
Invest in yardarms, portable guillotines and lamposts. Forget about tar and feathers, those are both imports now.

]]> By: Cee Hussein http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161754 Cee Hussein Tue, 18 Mar 2008 12:53:47 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161754 CK, Paul may be glad he's not in the running and I had a thought the other day that the emergence of Rev. Wright might be a blessing in disguise if these lies and distortions keep Obama from becoming the nominee. He'll be saved from having to try to right this leaking ship, or the blame if he can't. The UK guardian has a frank take on this. <blockquote>Ultimately, though, action will be taken because there will be political pressure for it. Indeed, it is somewhat surprising that there is not already rioting in the streets, given the gigantic fraud perpetrated by the financial elite at the expense of ordinary Americans. The US has just had its weakest period of expansion since the 1950s. Consumption growth has been poor. Investment growth has been modest. Exports have been sluggish. But if you are at the top of the tree, the years since the last recession in 2001 has been a veritable golden age. Salaries for executives have rocketed and profits have soared, because the productivity gains from a growing economy have been disproportionately skewed towards capital. Patriotic... http://www.guardian.co.uk/business/2008/mar/17/economics.useconomy</blockquote> CK,

Paul may be glad he’s not in the running and I had a thought the other day that the emergence of Rev. Wright might be a blessing in disguise if these lies and distortions keep Obama from becoming the nominee.
He’ll be saved from having to try to right this leaking ship, or the blame if he can’t.

The UK guardian has a frank take on this.

Ultimately, though, action will be taken because there will be political pressure for it. Indeed, it is somewhat surprising that there is not already rioting in the streets, given the gigantic fraud perpetrated by the financial elite at the expense of ordinary Americans.

The US has just had its weakest period of expansion since the 1950s. Consumption growth has been poor. Investment growth has been modest. Exports have been sluggish. But if you are at the top of the tree, the years since the last recession in 2001 has been a veritable golden age. Salaries for executives have rocketed and profits have soared, because the productivity gains from a growing economy have been disproportionately skewed towards capital.

Patriotic…

http://www.guardian.co.uk/business/2008/mar/17/economics.useconomy

]]> By: CK http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161751 CK Tue, 18 Mar 2008 12:46:03 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161751 Dr. Paul is correct. Actually he is the only one of the "candidates" who is correct on most things to do with foreign policy and economics. Dreadfully boring to be so correct. Cramer is an idiot, folks love idiot schtiks, soon folks will learn how to operate idiot sticks and learn some pidgin Mandarin. The FDIC is backed by the full faith and credit of the US government, in other words the FDIC is backed by the printing presses of the FED. ( or the taxpayer's wallets if there is anything left in them). Bear Stearns by the way was one of the PRIMARY dealers in US govt debt. http://en.wikipedia.org/wiki/Primary_dealers Dr. Paul is correct. Actually he is the only one of the “candidates” who is correct on most things to do with foreign policy and economics. Dreadfully boring to be so correct.
Cramer is an idiot, folks love idiot schtiks, soon folks will learn how to operate idiot sticks and learn some pidgin Mandarin.
The FDIC is backed by the full faith and credit of the US government, in other words the FDIC is backed by the printing presses of the FED. ( or the taxpayer’s wallets if there is anything left in them).
Bear Stearns by the way was one of the PRIMARY dealers in US govt debt. http://en.wikipedia.org/wiki/Primary_dealers

]]> By: CK http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161746 CK Tue, 18 Mar 2008 12:32:48 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161746 WHy would the whole world need to be taken down just because one nation is a bankrupt? If you want comparatives, the US economy is now the second largest in the world the EU free trade zollverin is the largest. Thanks to the deterioration in the value of the dollar. Our finances are worse than I suggest. We save not, we are in debt to the world, we export nothing with high value added other than weaponry. We are net importers of high tech, and importers of high tech workers. China is still very credit worthy, India is becoming more credit worthy. And both those nations are rapidly decoupling their economies from the deadbeat trap that is the USA. The race is between how fast they can decouple and how quickly Bernanke and friends can complete the bankruptcy of the USA. One itty bitty slip and the AAA rating of US govt debt is history. Since the rest of the world is not so invested in subsidizing Israel and not so invested in the make believe war on terror, the objectives they are working to achieve are not the same as the USA's objectives. As for governmentally created data sets, I love the new inflation indexes. Figures don't lie but liars figure. WHy would the whole world need to be taken down just because one nation is a bankrupt?
If you want comparatives, the US economy is now the second largest in the world the EU free trade zollverin is the largest. Thanks to the deterioration in the value of the dollar.
Our finances are worse than I suggest. We save not, we are in debt to the world, we export nothing with high value added other than weaponry.
We are net importers of high tech, and importers of high tech workers.
China is still very credit worthy, India is becoming more credit worthy. And both those nations are rapidly decoupling their economies from the deadbeat trap that is the USA. The race is between how fast they can decouple and how quickly Bernanke and friends can complete the bankruptcy of the USA. One itty bitty slip and the AAA rating of US govt debt is history.
Since the rest of the world is not so invested in subsidizing Israel and not so invested in the make believe war on terror, the objectives they are working to achieve are not the same as the USA’s objectives. As for governmentally created data sets, I love the new inflation indexes. Figures don’t lie but liars figure.

]]> By: uma http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161640 uma Tue, 18 Mar 2008 06:08:35 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161640 HEAR HER ROAR! Hillary is the best. HEAR HER ROAR!
Hillary is the best.

]]> By: Paul V http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161574 Paul V Tue, 18 Mar 2008 03:41:58 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161574 I Voted For Hilary Clinton But camparing Jeremiah Wright to John McCain Minister ,,You Can not compare,,, John McCain,, the minister he know just gave him Money,,he does not Go to his church,,, He did not Baptise john McCain kids,,, he is not on John McCain Campaign,, Just gave John McCain money,,, to compare him with Jeremiah Wright is something the Media, and the Obama Camapaign,, doing,,Barack Obama Has a Racist man who worked on his Campaign,, Jeremiah Wright, ,, who helped Barack with the title of his book,,, who baptise his kids, Barack Obama Miinister, gave Louis Farrahkan life time achievement award, ,,, Barack Obama who went to this Racist mans church,,, for 20 years, Whats even sad is Barack Obama, followers don’t even Care, He can run over a person right now ,,, and people will still follow him,,, but one thing is for certain Barack no matter what, just lost this election,,, even if he wins the primary,,, from Hilary,,, Barack can not win a big state, Hilary followers will not back Barack Obama,,, just like if Hilary wins the primary,,, Barack Obama followers will not back Hilary ,,,,, Obama is definitely Not Muslim, but he is a closet Racist, who employed a racist,, of all Racist, ,,,,, he is done Watch Obama weblink http://www.youtube.com/watch?v=Prhnc2fxAzg&feature=related%20...%20http://www.youtube.com/watch?v=u4YxPBAkfp4&feature=related I Voted For Hilary Clinton
But camparing Jeremiah Wright to John McCain Minister ,,You
Can not compare,,, John McCain,, the minister he know just gave him Money,,he does not Go to his church,,, He did not Baptise john McCain kids,,, he is not on John McCain Campaign,, Just gave John McCain money,,, to compare him with Jeremiah Wright is something the Media, and the Obama Camapaign,, doing,,Barack Obama Has a Racist man who worked on his Campaign,, Jeremiah Wright, ,, who helped Barack with the title of his book,,, who baptise his kids, Barack Obama Miinister, gave Louis Farrahkan life time achievement award, ,,, Barack Obama who went to this Racist mans church,,, for 20 years,

Whats even sad is Barack Obama, followers don’t even Care, He can run over a person right now ,,, and people will still follow him,,, but one thing is for certain Barack no matter what, just lost this election,,, even if he wins the primary,,, from Hilary,,, Barack can not win a big state, Hilary followers will not back Barack Obama,,, just like if Hilary wins the primary,,, Barack Obama followers will not back Hilary ,,,,,
Obama is definitely Not Muslim, but he is a closet Racist, who employed a racist,, of all Racist, ,,,,, he is done
Watch Obama weblink
http://www.youtube.com/watch?v=Prhnc2fxAzg&feature=related%20…%20http://www.youtube.com/watch?v=u4YxPBAkfp4&feature=related

]]> By: AF catfish http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161572 AF catfish Tue, 18 Mar 2008 03:39:45 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161572 Hey! Just got home from work to see that clip at the top. Love those two clips. Hey! Just got home from work to see that clip at the top. Love those two clips.

]]> By: Andy http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161546 Andy Tue, 18 Mar 2008 03:01:59 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161546 Correction: Second line: "relationship" and Third line: "bigot" In case the typos throw you off and it isn't clear enough from the context. Correction:

Second line: “relationship” and
Third line: “bigot”

In case the typos throw you off and it isn’t clear enough from the context.

]]> By: Andy http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161544 Andy Tue, 18 Mar 2008 02:58:23 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161544 Why do you ask? You don't know yet? Why do you ask? You don’t know yet?

]]> By: Andy http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161542 Andy Tue, 18 Mar 2008 02:57:05 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161542 So? What does this have to do with the Economy? So?

What does this have to do with the Economy?

]]> By: Andy http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161541 Andy Tue, 18 Mar 2008 02:55:12 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161541 <blockquote>Too bad Hillary can’t manage her own campaign finances. And why on earth is she hiding her 2007 tax returns? How does she expect anyone to trust her with our money?</blockquote> Too bad Obama isn't showing his 2007 tax returns <strong>EITHER</strong>. I wonder what does he have to hide... That is besides his 20 year relatisonship with Wright, his mentor, his sounding board, his salvation. Wright, the racist, the bigor, Obama's pastor for 20 years. Kathryn: try to read, learn and <strong>think </strong>before you write. It is good exercise for the neurons.

Too bad Hillary can’t manage her own campaign finances. And why on earth is she hiding her 2007 tax returns? How does she expect anyone to trust her with our money?

Too bad Obama isn’t showing his 2007 tax returns EITHER. I wonder what does he have to hide… That is besides his 20 year relatisonship with Wright, his mentor, his sounding board, his salvation. Wright, the racist, the bigor, Obama’s pastor for 20 years.

Kathryn: try to read, learn and think before you write. It is good exercise for the neurons.

]]> By: Andy http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161537 Andy Tue, 18 Mar 2008 02:49:11 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161537 So? What this has to do with Wright and Obama ? So?

What this has to do with Wright and Obama ?

]]> By: Deborah http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161531 Deborah Tue, 18 Mar 2008 02:39:56 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161531 Who won the democratic primary in Texas? http://www.networlddirectory.com/blogs/permalinks/3-2008/who-won-the-democratic-primary-in-texas.html Who won the democratic primary in Texas?

http://www.networlddirectory.com/blogs/permalinks/3-2008/who-won-the-democratic-primary-in-texas.html

]]> By: Deborah http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161529 Deborah Tue, 18 Mar 2008 02:37:52 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161529 Peter Paul and Hillary Clinton http://www.networlddirectory.com/blogs/permalinks/3-2008/peter-paul-hillary-clinton-connection.html Peter Paul and Hillary Clinton

http://www.networlddirectory.com/blogs/permalinks/3-2008/peter-paul-hillary-clinton-connection.html

]]> By: Kathryn http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161527 Kathryn Tue, 18 Mar 2008 02:34:43 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161527 Too bad Hillary can't manage her own campaign finances. And why on earth is she hiding her 2007 tax returns? How does she expect anyone to trust her with our money? Too bad Hillary can’t manage her own campaign finances. And why on earth is she hiding her 2007 tax returns? How does she expect anyone to trust her with our money?

]]> By: No Blood for Hubris http://www.noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161511 No Blood for Hubris Tue, 18 Mar 2008 02:10:16 +0000 http://noquarterusa.net/blog/2008/03/17/hillary-clinton-on-financial-market-crisis/#comment-161511 "It's the stupidity, stupid!" And I hope the stupidity-- be it Bush or McCain or Obama -- does not continue to run and ruin our poor morally and fiscally bankrupt country . . . “It’s the stupidity, stupid!”

And I hope the stupidity– be it Bush or McCain or Obama — does not continue to run and ruin our poor morally and fiscally bankrupt country . . .

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