Don’t think on how paying national debts, pay yours first

To: Any One Out There

The World’s Toughest Question?
Put to the world’s leading economists.

I know the answer; I just want to know if the world knows the answer and if you are a person with enough Balls (Rhetorical) to present the issue to the world? No disrespect intended. I have worked a legal job all my life very hard never breaking the law and paid all my taxes and then some.

The Unites States of America is using green ink to print our money with, bear with me now. We made many changes in our currency from the beginning of our Constitution.

Our country has been founded on poor ethics and illegal business with corruption reaching the top. An example is Joseph Kennedy, you know the father of our beloved President JFK, well, Joseph was a rumrunner during prohibition from what history says. We won’t enter that area for the sake of time.

The point is; what would happen if we, lets say, change the color of money and gave a reasonable amount of time for the exchange to take place? Lets say ninety days! With every thing in plan and all your ducks lined up, I would think we would wipe out the National Debt! Oh, that’s right, we can’t! Our country is based on corruption from the ground up! Our country is not the only one. World money with control. Just think of all the money involved in drugs alone!

Sincerely, with good intentions,
Kenneth P.L.

To: Any One Out There

The World’s Toughest Question?
Put to the world’s leading economists.

I know the answer; I just want to know if the world knows the answer and if you are a person with enough Balls (Rhetorical) to present the issue to the world? No disrespect intended. I have worked a legal job all my life very hard never breaking the law and paid all my taxes and then some.

The Unites States of America is using green ink to print our money with, bear with me now. We made many changes in our currency from the beginning of our Constitution.

Our country has been founded on poor ethics and illegal business with corruption reaching the top. An example is Joseph Kennedy, you know the father of our beloved President JFK, well, Joseph was a rumrunner during prohibition from what history says. We won’t enter that area for the sake of time.

The point is; what would happen if we, lets say, change the color of money and gave a reasonable amount of time for the exchange to take place? Lets say ninety days! With every thing in plan and all your ducks lined up, I would think we would wipe out the National Debt! Oh, that’s right, we can’t! Our country is based on corruption from the ground up! Our country is not the only one. World money with control. Just think of all the money involved in drugs alone!

Woo is me, oh well, I’m sorry to say, have terminal cancer and this is now your problem. LET IT BE KNOWN please in my memory. It could help and who knows? It could put a feather in your hat.

Sincerely, with good intentions,
Kenneth P.L.

Remember this quote?
“Five days after coming a disappointing third in the Iowa caucuses, the former First Lady trails the Illinois senator by ten points or more, but managed to keep smiling as she toured three polling stations in the morning”

How about this one?
“Mr Obama had expanded his lead over Mrs Clinton [in New Hampshire] to 13 points, 42 per cent to 29 per cent, with former senator John Edwards in third at 17 per cent”

Hillary WON OH by +10 and NH by what? +6.

That is a polling 19 point MISTAKE from reality. Not even in the ball park.

The POLLS are pure Crap. All of them.

North Dakota is a toss up?
South Dakota is only LEANING McCain?
Arkansas is only LEANING McCain?

CA has Obama up +24?

All these are impossible.
I am in CA.
In 2004 Kerry was only +9 over the Extremely Evil BUSH with the unpopular IRAQ War raging.

THESE POLLS ARE ALL BS.

Go PUMAS
McCain/Palin

VOTE VOTE

SCARY STUFF
Sounds Like a plan right out of Bill Ayers Dreams

You said it best, “smoke and mirrors.”

nobama thinks Americans are dumb and can’t see through his facade. He is foolish.

All McCain ads are FULL STEAM AHEAD: Check-out the new ads from LET FREEDOM RING at
http://www.letfreedomringusa.com/pages/election-2008-tv-spots

Let’s ELECT John McCain … Commander-In-Chief of the United States.

October 31, 2008

The Tales Get Taller
Peter Schiff / Euro-Pacific Capital

When inexplicable events perplexed our early forbears, village wise men concocted elaborate and colorful explanations to soothe the populace. Earthquakes, hailstorms, and solar eclipses were all ascribed to root causes that made sense to the villagers and increased the esteem of the story tellers. The recent, unexpected surge of the U.S. dollar has led many Wall Street witch doctors to conjure a series of logic-defying tales to give reason to what is surely the random scramble of a confused herd. Wall Street spun similar yarns during the dot.com and real estate bubbles as investors groped for reasons to justify sky high prices.

The recent surge, which has pushed the dollar up more than 30% against some currencies in recent months, is purely a short-term technical phenomenon. The move is caused by global investment deleveraging, in which major financial players are reversing (unwinding) risky trades and piling into what is erroneously perceived as the safest haven they can find. Increasingly, foreign assets, many of which had appreciated more than American assets, have been sold, and the proceeds stashed into U.S. Treasury bonds, which these investors believe to be the Fort Knox of finance. The cascade has caused momentum trades, margin calls, redemptions, and other factors having nothing to do with the underlying fundamentals of the dollar or the U.S. economy. In fact, all that has happened to the U.S. economy, and all that the government has done, and is likely to do, in their misguided attempts to contain the damage, is extremely bearish for the U.S. dollar.

Mesmerized by technical moves and oblivious as always to the fundamentals, the Wall Street brain trust has offered flimsy explanations. One popular rationale is that as bad as things are in the United States, they are even worse every place else. Still another is that since the U.S. was the first country into the crisis that we will be the first nation to come out. Still another is that since our government is acting more boldly than most to tackle the problems, our economy will not suffer as badly as others where governments have been slower to react and more timid in their responses. In addition, many still perceive the United States as the citadel of stability in a world of second-rate economies.

However, if we look beyond these “explanations,” the fundamentals loom simple and irrefutable: American borrowers of all stripes cannot afford to repay the trillions of dollars we owe. Over the past decade, the vast majority of lending has come from abroad, and as Americans don’t pay, the losses show up on foreign balance sheets. Since we blew most of the money we borrowed on consumption, we simply lack the industrial capacity to repay our debts without resorting to a printing press.

In bankruptcy, both the debtor and creditors are affected. However, while creditors take a financial hit, ramifications for debtors are typically more severe. Creditors are generally better prepared to absorb their losses. However, for bankrupt debtors usually much more substantial changes ensue.

Since America is the world’s biggest debtor, with our IOU’s broadly held by every creditor nation, the effects of our bankruptcy are being felt worldwide. However, while our creditors are suffering now, their pain will be temporary and relatively mild compared to what awaits Americans.

So while it may appear to some that things are worse abroad, that is only because the full extent of our problems has yet to be reckoned with. The main lesson our creditors will learn from this crisis is not to lend American consumers any more money. Once the lending stops, our “cart before the horse” borrow to spend economy will crumble. While the rest of the world absorbs their losses and moves on, we will be digging our way out of the rubble for years to come.

Earthquakes are caused by the fundamental shifts of tectonic plates beneath the Earth’s surface. A similar move is underway in the global economy. Describing either event without a basic understanding of either geology or economics will simply result in a tale being told by an idiot.

For a more in depth analysis of our financial problems and the inherent dangers they pose for the U.S. economy and U.S. dollar denominated investments, read my new book “Crash Proof: How to Profit from the Coming Economic Collapse.”
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If you took the time to read and review a little more of what we have pu tout, you would see that we have held 1. Alan Greenspan and the Fed 2. those involved with the housing fiasco (primarily the Democrats, Frank, Schumer, Dodd 3. fiscal waste from both the adminsitration and Congress.

Economists don’t make policy they recommend, review, and analyse.

In regards to the wealth inequality, go back and check statistics about education and single birth rates as a start. From there you may want to do a little work on free trade agreements.

Beyond that, not much more that we can do for you. If you don’t care to become informed, …well, ignorance is bliss, or then again maybe not.

Wealth inequality? You know what? Why don’t you get off your backside and get a job. Then you will get more of the wealth.