Democracy still works. Bill a no go

NorthernMonkey · Post by **NorthernMonkey** » Wed Oct 08, 2008 3:59 pm

deva wrote:
NorthernMonkey wrote:
deva wrote:By the time those fools will admit it, all the resources that could have been used to do something actually helpful will have been wasted.
Such as?
The Fed HAD a lot of money... which it has thrown (see: wasted) at banks and done nothing to help the real economy.

So what is your suggestion regarding doing something helpful for the economy?

deva · Post by **deva** » Wed Oct 08, 2008 4:07 pm

How the crooked bailout was passed by Congress
http://www.brasschecktv.com/page/441.html

Moody · Post by **Moody** » Wed Oct 08, 2008 4:23 pm

deva wrote:
NorthernMonkey wrote:
deva wrote:By the time those fools will admit it, all the resources that could have been used to do something actually helpful will have been wasted.
Such as?
The Fed HAD a lot of money... which it has thrown (see: wasted) at banks and done nothing to help the real economy.

Now the Fed can only print money which will destroy the dollar. (Not that I believe they actually have the interests of the country at heart.)

btw...

"The Prime Minister of Thailand was forced to scale a fence and flee in a police helicopter yesterday as thousands of protesters barricaded parliament in the latest twist in the country's seething political turmoil."

Ha! Would be great to see Bush trying to scale a fence to get away from the angry crowd of US citizens!

The last time the fed had any real money was when Jackson held office. Who hear remembers that?

OvertoneZero · Post by **OvertoneZero** » Wed Oct 08, 2008 4:24 pm

http://www.youtube.com/watch?v=-DJIVQIRIHs

Good luck with collecting on that!

NorthernMonkey · Post by **NorthernMonkey** » Wed Oct 08, 2008 4:28 pm

deva wrote:How the crooked bailout was passed by Congress
http://www.brasschecktv.com/page/441.html

deva, before you finally lose the fucking plot, could you at least offer some suggestions, other than your usual negative comments and random internet links, on what you think would improve the situation?

ethios4 · Post by **ethios4** » Wed Oct 08, 2008 4:47 pm

Monkey, do you think now is a good time to invest? If so, in what? How about buying gold?

Not sure how to proceed in times like this...

NorthernMonkey · Post by **NorthernMonkey** » Wed Oct 08, 2008 4:53 pm

ethios4 wrote:Monkey, do you think now is a good time to invest? If so, in what? How about buying gold?

Not sure how to proceed in times like this...

It depends, the greatest rewards are often reaped from the greatest risks and now is certainly a risky time to invest (assuming you mean as a private investor). I've read a few reports recently about investing in gold but that is more of a long term strategy that only really shows the rewards during volatile times such as these - to benefit you really have to invest before the economic bad times. My advice would be if you can't afford to lose it (even if you are thinking long term), don't invest it right now.

OvertoneZero · Post by **OvertoneZero** » Wed Oct 08, 2008 4:57 pm

20% of your cash in gold

20% under your mattress

20% in the bank

10% buy stocks with a future like LDK

10% save for buying more undervalued stock within the next 6 months

20% spend it now on physical assets such as guitars, car, guns, food, etc

Have as little debt as possible. Stay light and mobile..

Emissary · Post by **Emissary** » Wed Oct 08, 2008 4:58 pm

ethios4 wrote:Monkey, do you think now is a good time to invest? If so, in what? How about buying gold?

Not sure how to proceed in times like this...

I would invest in banks, their shares seem to be doing well, this whole thing will blow over by next week anyway. They have dropped interest rates so people can start to borrow more......hang on........isnt ..that....WHAT?!

NorthernMonkey · Post by **NorthernMonkey** » Wed Oct 08, 2008 5:01 pm

OvertoneZero wrote:20% of your cash in gold

20% under your mattress

20% in the bank

10% buy stocks with a future like LDK

10% save for buying more undervalued stock within the next 6 months

20% spend it now on physical assets such as guitars, car, guns, food, etc

Have as little debt as possible. Stay light and mobile..

WTF?

deva · Post by **deva** » Wed Oct 08, 2008 5:08 pm

NorthernMonkey wrote:
deva wrote:How the crooked bailout was passed by Congress
http://www.brasschecktv.com/page/441.html
deva, before you finally lose the fucking plot, could you at least offer some suggestions, other than your usual negative comments and random internet links, on what you think would improve the situation?

I've posted a number of links of sensible ideas from respected individuals of what can be done.

I don't think much can be done to improve the situation in the sense that it is going to get better right away. What is happening is the result of actions over some time and is now inevitable. What we can do is recognize this and do what we can.

The first thing I would do is cancel the bailout bill and use that money to help homeowners from being foreclosed. Most people feel like the bailout bill will not help them (and they are right) and they feel like they are on their own and they are panicking. That action would let people know that the government is actually doing something to assist them and they will not feel the pressure of being homeless soon.

Second, re-regulate the financial industry to stop the practices that brought this about. (See Glass-Steagall Act as one example)

Third, do something to shore up the banks. I read someone suggesting insuring all deposits without limit as a way to stop the slow motion bank run that is happening. Also another suggestion to buy some stake in the institution on behalf of taxpayers. A kind of partial and temporary nationalization that would return something to the taxpayer. That also seems much more responsible to taxpayers money that just giving it away to wall street.

deva · Post by **deva** » Wed Oct 08, 2008 5:27 pm

oh, and I think yesterdays plan by the Fed of short term loans to businesses might end up helping... at least it is not a complete crock of shit like Paulsons plan

Moody · Post by **Moody** » Wed Oct 08, 2008 5:33 pm

OvertoneZero wrote:20% of your cash in gold

20% under your mattress

20% in the bank

10% buy stocks with a future like LDK

10% save for buying more undervalued stock within the next 6 months

20% spend it now on physical assets such as guitars, car, guns, food, etc

Have as little debt as possible. Stay light and mobile..

The government seizes all tangible gold assets during an actual crisis. Check your history books.

OvertoneZero · Post by **OvertoneZero** » Wed Oct 08, 2008 5:35 pm

NorthernMonkey wrote:
OvertoneZero wrote:20% of your cash in gold

20% under your mattress

20% in the bank

10% buy stocks with a future like LDK

10% save for buying more undervalued stock within the next 6 months

20% spend it now on physical assets such as guitars, car, guns, food, etc

Have as little debt as possible. Stay light and mobile..
WTF?

What is your job?

OvertoneZero · Post by **OvertoneZero** » Wed Oct 08, 2008 5:37 pm

Moody wrote:
OvertoneZero wrote:20% of your cash in gold

20% under your mattress

20% in the bank

10% buy stocks with a future like LDK

10% save for buying more undervalued stock within the next 6 months

20% spend it now on physical assets such as guitars, car, guns, food, etc

Have as little debt as possible. Stay light and mobile..
The government seizes all tangible gold assets during an actual crisis. Check your history books.

Heh, good luck with that...

From wikiAnswers:

Most estimates range between 39% and 50% of US households having at least one gun(thats about 43-55 million households). The estimates for the number of privately owned guns range from 190 million to 300 million. Removed those that skew the stats for thier own purposes the best estimates are about 45% or 52 million of american households owning 260 million guns).