We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
Cramer's soft-pedaling the truth --as he must, working for GE, a very heavy supporter of ACORN and a major beneficiary of the green energy spend in the Stimulouse Bill (aka the Constitution's surrender document).
We've been had, folks. It's possible to put the whole thing together, too, just from info at hand. the smoking gun is a couple of strange SEC meetings in mid 2007, when the conditions already set were put in motion with three rule changes: uptic, fasb 157, and leverage limits.
Do some web search, and be sure you're sitting down.
Let's also keep in mind the Democratic administrations that insinuated failed Democratic pols into Freddie Mac and Fannie Mae, then told them to ramp up sub prime lending keeping their philosophy of "economic democracy", a wildly socialist dictum in play
It is in fact fairly acknowledged that the sub primes, like putrified meat were mixed with good the sirloin loans, then given ratings better than they were worth.
It was that, that spread the contagion worldwide as country after country purchased these viral investments.
Frankin Raines and the other housing Mau Mau's at Fredddie and Fannie made hundreds of millions while gaming the system fully suppported by Barney Frank and other leading Democrats. They should be sternly dealt with but instead are now serving 0bama's administration in completing the destruction of the capitalist system.....and None Dare Call It Treason?
And yet the polls show 0bama at historical highs in popularity ...... this is not idle. The world's economies are in a state of collaspe. Social chaos will follow as resources will evaporate and then the inevitible will follow; a world war for the leftovers.
If you think this is fantasy you don't know your history.
I laugh at Cramer. For once, he's right about something. But the odd thing is that 5 months ago, he was PURE OBAMANIA. Now he wakes up and realizes the guy's a hack?
Why is it the "common man", who was ridiculed by the Northeast Elite (which I happen to be a part of, though I do not associate with them), recognized this? Why is it that in recognizing that Obama was a shill for the Socialists, we were told "oh no, no, no..." then it happens and people freak out?
I disagree about the world war scenario. Any world war that is to occur will be driven by Islamic Fascists. But what I do know is there are 2 prime scenarios for the US economy:
1. The economy collapses, and it doesn't matter where your money is, it will be lost or confiscated by the government. A socialist arrangement will be devised. I suspect this is unlikely, but give it a 30% chance.
2. The economy putters along due to Obama's disastrous moves and rhetoric. We barely eke along, much like the 70's, until a leader comes along who deregulates further.
A 3rd scenario, which COULD occur, mimics the 2nd - whereby this administration realizes Mark To Market is stupid, removes it, and there is a spark of recovery. Scenario 2 remains intact, however, as we choke on record debt piled up by this free-spending, paper-printing idiot.
There have been very few wars, much less World Wars that had one factor as there genesis. Yes, there is always a tipping point followed by a flash point, but there are a multitude of factors that contribute to wars.
One of the biggest in history is the scarcity of food, fuel, the basic other commodities on which we depend.
There are literally dozens of flashpoints worldwide that could precipitate a world war.
I suggest that the changes that are being attempted by the current administration will exacerbate the worlds flashpoints, show a weaked US, and thus release constraints currently holding back more aggression by the bad guys.
No, scarcity will lead to the loss of social cohesion, that void being filled by the criminal class and then by nation states and non government entities, ie AQ and others on the list of the bad guy list...and their are hundreds.
And scarcity is here, the indicators are almost all in a downward trajectory. World war will follow as the fight over what remains becomes truly a life and death situation.
rick, but you have to insert the notion that the idiot and the 'stupidity' of m-to-m are just the opposite. that the destructdion of wealth is not an accident but is instead the whole point of everything that's happened.
I think the Dem/Obama strategy is quite clear regarding the stock market and free market...kill all of it's credibility by destroying a key saving vehicle for millions of Americans thus killing any future possibility of SS reform and creating a further dependance on gov based pension schemes. This is also killing the free market development of the emerging economies. I hate to be a conspiracy theorist, but I just can't believe this is all just coincidence and bumbling.
I don't think one needs to be a conspiracy theroist to incorporate into their thinking that which we know are philosophies diametrically opposed to the freedom and liberty formerly found in abundance in this nation.
I have mentioned on a number of occasion that very few philosophers and political theorists disagree that ALL government structures eventually control, stifle, and then extinguish individual liberty. We are seeing that in our own republic today. In a bastardized way Adolf Hitler was "elected" and then through conspiracy took over Germany. It does happen and usually before the population understands the depths and true nature of the danger. Then it is usually too late unless the population is well armed and is willing to fight for their rights. In Germany that was not the case. In the USA, civil war will be the answer.
Would one say when confronted with leadership whose guiding philosophy is Marxist/Leninist that it is a conspiracy or rather is it an astute observation that Das Capital is stalking The Wealth of Nation with malace aforethought? When an administration supports union thugs to oversee "free" chioce in union elections is that falling into conspiracy theory or reality?
The regnant point is that conspiracies have always existed, will continue to exist , and usually pose a mortal danger to the rights of man. Obama is particularly adept at lying and conspiring to achieve his goals. A good Alinsky student could do no less.
Now I'm going to the gun store and buy another assault type weapon with another thousand rounds of ammo...you can NEVER have enough ammo.
Habu, you are always interesting. Don't forget to buy extra high capacity magazines, they, like ammo are getting harder to find , and more expensive.
Don't think that when push comes to shove.
The Govt. knows who to come after.
Anyone with a permit to carry, or has purchased a black assault rifle, or any type of gun in the past five years will be the first ones they come after.
But , like you say Molon Labe!!