Blumenthal, our beloved Attorney General and Hamden's own Glenn Beck go head to head in the video below. The subject AIG bonuses, CT Senator Chris Dodd (who wrote the AIG bonus loophole)and the logic of the fiasco. This is a very heated and opinionated debate that promises the invocation of passionate and yet serious issues stemming from CT.
Showing posts with label glenn beck. Show all posts
Showing posts with label glenn beck. Show all posts
Tuesday, March 31, 2009
Wednesday, March 19, 2008
Jim Rogers Warns Of Fed. Induced Dollar Disaster.
This has been a topic that refuses to go away, every time I check the financial markets, turn on CNBC, listen to Glenn Beck, David Walker (GAO) or Lou Dobbs the message is always alarming. The most upbeat and positive commentators are now beginning to have a hard time with this issue, even after they paint the best economic picture they can to keep our hope alive in America the continual burden of "in your face" problems and bad news is widespread.
Jim Rogers is the latest hard hitter and brilliant economist to step forward and say "enough is enough" let the banks "fail." The Fed in his opinion has not only removed any and all consequences of their banking friends egregious criminal actions but has gone further and sweetened the deal with taxpayer printed money totalling in the hundreds of billions. This not only saved the big banks, but entitled the top brass at those institutions to keep their multi-million dollar bonuses, lucrative personal empires and guaranteed their future employment in the next generation of investing, banking and lending.
Rogers has called for the Federal Reserve to be abolished, and said that Bernanke was not elected by anyone but has taken matters upon himself to spend billions of taxpayer money... your money without your consent. Well how is it your money their taking? After all there is no one at your house or in your bank accounts right? Wrong! You are paying at the gas pump, you are paying through your property taxes, you are paying at the supermarket, and you are paying in your retirement accounts. Essentially they are stealing the value of your money by printing more of it as fast as they possibly can making it worth less under the basic principle of supply and demand.
Watch the video today it is yet another dire warning from a notable market expert and American investor concerned for the only thing left holding the middle class together in America... "The Almighty Dollar."
Jim Rogers is the latest hard hitter and brilliant economist to step forward and say "enough is enough" let the banks "fail." The Fed in his opinion has not only removed any and all consequences of their banking friends egregious criminal actions but has gone further and sweetened the deal with taxpayer printed money totalling in the hundreds of billions. This not only saved the big banks, but entitled the top brass at those institutions to keep their multi-million dollar bonuses, lucrative personal empires and guaranteed their future employment in the next generation of investing, banking and lending.
Rogers has called for the Federal Reserve to be abolished, and said that Bernanke was not elected by anyone but has taken matters upon himself to spend billions of taxpayer money... your money without your consent. Well how is it your money their taking? After all there is no one at your house or in your bank accounts right? Wrong! You are paying at the gas pump, you are paying through your property taxes, you are paying at the supermarket, and you are paying in your retirement accounts. Essentially they are stealing the value of your money by printing more of it as fast as they possibly can making it worth less under the basic principle of supply and demand.
Watch the video today it is yet another dire warning from a notable market expert and American investor concerned for the only thing left holding the middle class together in America... "The Almighty Dollar."
Friday, January 11, 2008
Credit Card Debt Soars to One Trillion!
Some time ago I warned that the faltering subprime credit mess would put pressure on consumers to turn to their credit cards for money. The start of 2008 is showing just that, many American's have now "balooned" their credit card debt to a record one trillion dollars.
This is an enormous problem as our entire economy is built on a system of credit. Debt is what makes it possible to own a home, buy a car, build a business and believe it or not retire. But why does a person need credit to retire? The answer is that inflation, low Social Security payments, and stock market madness has led to a revolution in "Reverse Mortgage" retirement. This allows an elderly person to sell their home to the bank before they pass on.
Identity theft has compounded this debt problem, and resulted in a decrease in FICO Scores. The signs of contracting credit is placing a burden on all areas of the American Economy. Banks afraid of more defaults are eliminating subprime lending, creating superfunds to absorb losses and even borrowing from overseas investors.
Today Gold hit $900.00 per ounce, this is an indication that world markets are becoming increasingly pessimistic about the U.S., and possibly the Global Economy. The real challenge will emerge when the new bankruptcy law is imposed against Americans who believe that going broke is an option as if like it was for our parents. This may not be the case anymore, because the level of difficulty in having your debt pardoned, and being granted a fresh start is not what it used to be.
Bailing on your debt has more in common with trying to bail on child support today. Although there is no "official" debtors prison we do have "contempt of court" of which is the same thing. For now America's future economic fate is no longer in Americas hands. We have something called a "Dollar Peg" that is in the hands of foreign nations who are mired with troubled dollars they no longer want.
Many nations are already distancing themselves from the U.S. currency, while Americas leaders continue to ignore all the warning signs even those from Americas chief accountant David Walker who has gone public on the debt and credit fiasco undermining our national sovereignty.
David's message, recently was again on Glenn Beck.
This is an enormous problem as our entire economy is built on a system of credit. Debt is what makes it possible to own a home, buy a car, build a business and believe it or not retire. But why does a person need credit to retire? The answer is that inflation, low Social Security payments, and stock market madness has led to a revolution in "Reverse Mortgage" retirement. This allows an elderly person to sell their home to the bank before they pass on.
Identity theft has compounded this debt problem, and resulted in a decrease in FICO Scores. The signs of contracting credit is placing a burden on all areas of the American Economy. Banks afraid of more defaults are eliminating subprime lending, creating superfunds to absorb losses and even borrowing from overseas investors.
Today Gold hit $900.00 per ounce, this is an indication that world markets are becoming increasingly pessimistic about the U.S., and possibly the Global Economy. The real challenge will emerge when the new bankruptcy law is imposed against Americans who believe that going broke is an option as if like it was for our parents. This may not be the case anymore, because the level of difficulty in having your debt pardoned, and being granted a fresh start is not what it used to be.
Bailing on your debt has more in common with trying to bail on child support today. Although there is no "official" debtors prison we do have "contempt of court" of which is the same thing. For now America's future economic fate is no longer in Americas hands. We have something called a "Dollar Peg" that is in the hands of foreign nations who are mired with troubled dollars they no longer want.
Many nations are already distancing themselves from the U.S. currency, while Americas leaders continue to ignore all the warning signs even those from Americas chief accountant David Walker who has gone public on the debt and credit fiasco undermining our national sovereignty.
David's message, recently was again on Glenn Beck.
Subscribe to:
Posts (Atom)
