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Old 10-14-2009, 05:11 AM
 
12,867 posts, read 14,914,172 times
Reputation: 4459

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people are now starting to wake up to the fact that you can't save the banks, save the homeowners, save the big government's even bigger spending, save the economy, save the stock market, save the money market funds, save the automakers, keep taxes low, and maintain the dollar's buying power all at the same time. risky financial shenanigans are hard to prevent and regulate.

a good read from denninger:
http://market-ticker.org/archives/15...-Treasury.html
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Old 10-14-2009, 03:05 PM
 
Location: Sinking in the Great Salt Lake
13,138 posts, read 22,815,703 times
Reputation: 14116
If I don't look at it, then it will go away. Happy days are here to stay.
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Old 10-14-2009, 06:14 PM
 
Location: Backwoods of Maine
7,488 posts, read 10,488,293 times
Reputation: 21470
Quote:
Originally Posted by floridasandy View Post
people are now starting to wake up to the fact that.....
You're RIGHT the masses are beginning to stir! The "lumpen" is awakening! States are grumbling about their "sovereignty", Ron Paul's bill to audit the Fed has lots of other backers, town hall meetings have turned into confrontations with angry voters, and the average Joe is sick and tired, sick of working so hard just to have his income confiscated by the IRS, and tired of listening to all the political manueverings and the bailouts and the trillions of taxpayer dollars going to shore up banks that are "too big to fail". Meanwhile, the little guy shows up in bankruptcy court, hat in hand, ashamed of his plight. It was not his doing.

"We are mad as hell, and we're not going to take it any more!". Let freedom ring!
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Old 10-14-2009, 08:31 PM
 
975 posts, read 1,754,983 times
Reputation: 524
Quote:
Originally Posted by Nor'Eastah View Post
You're RIGHT the masses are beginning to stir! The "lumpen" is awakening! States are grumbling about their "sovereignty", Ron Paul's bill to audit the Fed has lots of other backers, town hall meetings have turned into confrontations with angry voters, and the average Joe is sick and tired, sick of working so hard just to have his income confiscated by the IRS, and tired of listening to all the political manueverings and the bailouts and the trillions of taxpayer dollars going to shore up banks that are "too big to fail". Meanwhile, the little guy shows up in bankruptcy court, hat in hand, ashamed of his plight. It was not his doing.

"We are mad as hell, and we're not going to take it any more!". Let freedom ring!
I'm not sure the masses are stirring. It doesn't appear anyone I know outside of serious investors is anymore awake than they've ever been. They're too busy living their lives quite frankly.

But even if they did awake and stir what difference would it make? The trillions are already out the door and the bailouts done. So we audit the Fed and find out what we already know, then what? So Ron Paul voter's take over the country, whats the first thing they're going to have to do? Um, raise taxes don't you think? Afterall, we've already spent the money and all the cut backs in the world won't save enough to pay it back, so what other choice is there?
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Old 10-15-2009, 05:24 AM
 
12,867 posts, read 14,914,172 times
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it seems to me that the first thing they ought to do is cut government so the private sector can go back to the business of creating job growth in this country. government takes away money from private job growth creation. we would definitely see some corruption investigation if there was an audit which we are currently not seeing. we cannot build a healthy economy on shifting sand, which is what our government is trying to do right now. if government takes over health care and passes cap and trade they will commandeer over 50% of the economy of this country. (since the bailouts the government has commandeered 30% of the economy and these programs would give it another 26%, for a total of 56% of the directed flow of the economy).

the dollar dropping may be good for wall street rising, but it is certainly not good for the average american's cost of living. there is a reason that they talk about the lost decade in japan.

clearly, these stimulus efforts are not working or the government wouldn't be talking about yet another stimulus (which britain has, in fact, implemented) and obama wouldn't be talking about another 250 dollar check to seniors. again, these programs pull demand forward which is detrimental to our country in the long run since we have to pay interest on all of these "payments".
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Old 10-17-2009, 11:57 PM
 
Location: Heartland Florida
9,324 posts, read 26,749,371 times
Reputation: 5038
We have no influence on government by writing or calling a congressman. They are not "ours" but "theirs". The sad fact is that the general public was not aware when the stock and real estate bubbles were making debt slaves out of them. Hyperinflation, depression and rioting are in our future. The Treasury is empty and once the IOU's are no longer accepted it is game over. World War 3 may be the final result.
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