Sunday, September 21, 2008

No fear, No Deal, and No Comment

FOREIGN POLICY EXPERIENCE. Gov. Sarah Palin will meet with former Secretary of State Henry Kissinger and President Alvaro Uribe of Colombia during the United Nations General Assembly on Tuesday, according to the New York Times.

THE $700 BILLION BAILOUT. The Bush administration is trying to hold out for a clean bill that deals only with the financial rescue, and will not include any add-ons.But House Speaker Nancy Pelosi said that Congress would not simply hand over a $700 billion blank check to Wall Street. Democrats would insist on independent oversight, protections for homeowners and constraints on excessive executive compensation

Paul Krugman said -- "Looking at the plan as leaked, I have to say no deal. Not unless Treasury explains, very clearly, why this is supposed to work, other than through having taxpayers pay premium prices for lousy assets."

Frog Hospital says -- Treasury Secretary Hank Paulson used to be the CEO of Goldman Sachs and he knows everybody on Wall Street. Critics of his bailout plan say that Paulson will help out his fellow "malefactors of great wealth," and not take care of the rest of us. But personally, I'm inclined to go along with his plan.

However, many Senators, including Joe Biden, regret the blank check they gave to George Bush when he wanted to invade Iraq. They succumbed to his argument of "national emergency" and were duped into supporting an unnecessary war.

Now those same Senators are being asked to give another blank check to Bush's people because of a new "national emergency. I don't think they will be that dumb a second time.

ANGER MANAGEMENT, PART TWO. The Obamas are not allowed to express anger because they are black, and the first black President cannot be angry. That's a handicap, but it's also a reality.

Sarah can be snarky as hell, and McCain can hop up and down and get red in the face, but the Obamas have to stay cool.

Although I wish we could let Michelle be Michelle. I mean, there's Alaska tough, which isn't bad, and then there's Chicago tough, which is getting there, and then there's South Side of Chicago tough, which is the baddest thing in America.

9 comments:

Scott Shock said...

Fred,

Since you’re “inclined to go along with [Paulson’s] plan”, I recommend you have a look at the following, published in 1998, and more relevant than ever today:
http://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/0912986212

181 of 190 people found the following review helpful:
Scary, July 29, 2001
By Jeffrey Leach (Omaha, NE USA) - See all my reviews

G. Edward Griffin is to be commended for this splendid work. At first glance The Creature from Jekyll Island is a huge book. While this may be daunting to some, once the book is actually started, it flows smoothly and reads quickly. There are so many fascinating tidbits of information here that the reader won't even be concerned about the size of the book. The title refers to the formation of the Federal Reserve System, which occurred at a secret meeting at Jekyll Island, Georgia in 1910. It was at this meeting, as Griffin relates, that the "Money Trust", composed of the richest and most powerful bankers in the world, along with a U.S. Senator, wrote the proposal to launch the Federal Reserve System (which Griffin calls a banking cartel) to control the financial system so that the bankers will always come out on top.

While Griffin starts with this event, he quickly moves into the present day to detail several financial crises that resulted in a quick government intervention at the behest of the bankers from the Fed, who told all who would listen that if the government (read: taxpayers) didn't bail out the banks that had made bad loans, it could cause the entire system to collapse. Massive loan defaults; bank runs, and a major economic depression would manifest this collapse. Griffin shows how time and time again the taxpayer is bilked so that bankers can make billions in profits off of these financial scares. Griffin also shows how the supposed safeguards against these woes, such as the FSLIC, are scams to reassure the average person that their banks are safe. In actuality, these insurances against bank closures are so inadequate that there isn't enough money to even come close to paying off investors in case of a collapse.

The biggest problem in modern banking, according to Griffin, is and has always been the creation of fiat money. Fiat money is money that is "declared" money by the government. It is not backed by anything but promises and deceit. All societies were sound financially when they used gold or silver to back their currency. When the bankers finally get their way and install fiat money, the result is inflation and boom and bust cycles. Griffin gives numerous examples of this, such as repeated failures by American colonies and European states in using fiat money. The purpose of fiat money is so that the government can spend more then they take in through taxes.

Without writing reams on this book, it is sufficient to say that this is a must read for anyone who is interested in learning how the money system operates. Griffin gives comprehensive accounts of how the Fed creates money, and how this affects everyday life. I would have to say these sections are better than Murray Rothbard's book, The Case Against the Fed, because Griffin gives himself more room for explanation.

Griffin does believe in the conspiratorial view of history, and he believes that the bankers are working in concert with such groups as the Council on Foreign Relations and the Trilateral Commission to bring about a socialist-world system in which an elite composed of intellectuals and bankers will rule over the entire planet. Griffin even spends a chapter outlining how this system could come about, and the consequent results of this socialist system. These chapters are a bit unsettling, but even if you aren't interested in this worldview, you can still learn much about the economy from this book. Recommended

Anonymous said...

...please where can I buy a unicorn?

Anonymous said...

Ich habe vergessen, an Sie zu erinnern. viagra bestellen viagra preise schweiz [url=http//t7-isis.org]viagra kaufen[/url]

Anonymous said...

Hello everyone! Who knows where to upload the film Avatar?
I even bought the film Avatar for a SMS to http://rsskino.ru/kinofilm/avatar.html , the link was, but download fails, the system will boot quite strange cocoa something.
Men, advise where to normal as quickly download film avatar?

Anonymous said...

I sell a boat-program which will help you to outwit auction and to win, initially the boat was created for the Scandinavian auction http://internet-aukcion.ru/ but now the program can work with similar auctions: gagen ru, vezetmne ru and with ten.
The program-boat stakes for you, i.e. for this purpose it is not necessary to sit constantly at the monitor. The boat can set time when it is necessary to stake, thus you as much as possible will lower expenses for rates, and as much as possible increase the chances of a victory.

The price of the program a boat for the Scandinavian auctions 20$

For the first 10 clients the price 15$

To all clients free updating and support.

Behind purchases I ask in icq: 588889590 Max.

Anonymous said...

Good afternoon


Mansour Engineering have a refined understanding of client and market priorities in all facets of mechanical, electrical and civil engineering from engineering assessments and studies through typical and specialized design commissions, document production, contract administration, design/build, energy studies, field inspection and supervision, to building systems commissioning and consulting services for building operations

[url=http://www.mansour.ca] click here to go to Mansour Engineering[/url]


http://www.mansour.ca

Anonymous said...

[b]Set software LoveBots v 5.2[/b]

All for a mass mailing dating http://24lux.ru/

The script is written in php5

Features:

[i]registration, account activation
manual input captures, or the solution through antikapchu
filling data accounts:
- Gulf desired photo
- Инфы about yourself
- Diary
- Sexual preference[/i]

gulyalka on questionnaires spammer on lichku
- Randomization Posts: replacement of Russian letters in Latin analogues

optimized to work in a continuous loop
check-activation-filling-spam check ..

Updates and support free of charge.

Price per set 100 wmz

For the first 10 buyers price 70 wmz (your feedback on the software).

For shopping I ask in icq: 588889590 Max.

Scrin program:

[IMG]http://i066.radikal.ru/1002/9d/a7a68e8c96ee.jpg[/IMG]

[IMG]http://i054.radikal.ru/1002/19/9db76967c0e5.jpg[/IMG]

[IMG]http://s003.radikal.ru/i202/1002/24/20716e86512e.jpg[/IMG]

Flooding in the subject no! Write to feedback after the purchase.

Anonymous said...

pet insurance
It's like putting an innocent person in prison to be executed.) Demand should not be placed on breeders until there are no shelter pets left. Pet owners were found to be more interacting and understanding than those who were highly educated and with higher annual turnovers.

Anonymous said...


Super Bowl tops ratings; outage highly viewed, too
NEW YORK (AP)As it does nearly every year, the Super Bowl will almostcertainly stand as the most-watched television event of 2013. Thisyear, the Blackout Bowl wasn't too far behind.CBS prevailed upon the Nielsen Co. to estimate how many viewerswatched the [url=http://newjordansforsale.yolasite.com/]cheap jordans[/url] Baltimore Ravens' victory over the San Francisco 49erswhile excluding the 34 minutes in the third quarter where the gamewas stopped because of a partial power outage in the Superdome. Thegame was seen by an average of 108.7 million people, down from thelast two years but still ranking as the third most-watched show inU.S. television history.Leaving aside the outage period, which came at a time the Ravenshad a big lead, was likely CBS' attempt to nudge the viewership toa historically high level.Yet few people were interested in tuning out. Nielsen said 106.6million watched the power outage delay, which was basicallyextended scenes of first half highlights and players stretching tokeep warm.CBS dominated the week's non-football programming, too. In apositive sign for Fox, its new drama ''The Following'' was themost-watched scripted show on ABC, NBC or Fox last week, Nielsensaid.Skewed by Super Sunday, CBS averaged 28 million viewers in primetime for the week (13.6 rating, 22 share). Fox was second with 6.2million viewers (3.7, 6), ABC had 4.7 million (3.1, 5), NBC had 3.9million (2.6, 4), the CW had 1.6 million (1.0, 2) and IONTelevision had 1.2 million (0.8, 1).Among the Spanish-language networks, Univision led with 3.6million (1.9, 3), Telemundo had 1.2 million (0.6, 1), UniMas had750,000 (0.4, 1), Estrella had 210,000 and Azteca had 120,000 (both0.1, 0)NBC's ''Nightly News'' topped the evening newscasts with anaverage of 9.2 million viewers (5.9, 12). ABC's ''World News'' wassecond with 8.3 million (5.6, 11) and the ''CBS Evening News'' had6 million viewers (3.9, 8).A ratings point represents 1,147,000 households, or 1 percent ofthe nation's estimated 114.7 million TV homes. The share is thepercentage of in-use televisions tuned to a given show.For the week of Jan. 28-Feb. 3, the top 10 shows, their networksand viewerships: Super Bowl XLVII: Baltimore vs. San Francisco,CBS, 108.69 million; ''Super Bowl Power Outage,'' CBS, 106.56million; ''NCIS,'' CBS, 22.07 million; ''The Big Bang Theory,''CBS, 17.76 million; ''NCIS: Los Angeles,'' CBS, 17.3 million;''American Idol'' (Wednesday), Fox, 15.78 million; ''Person ofInterest,'' CBS, 15.71 million; ''American Idol'' (Thursday), Fox,13.8 million; ''Two and a Half Men,'' CBS, 13.7 million; ''BlueBloods,'' CBS, 11.5 million.---ABC is owned by The Walt Disney Co. CBS is owned by CBS Corp. CWis a joint venture of Warner Bros. Entertainment and CBS Corp. Foxand My Network TV are units of News Corp. NBC and Telemundo areowned by Comcast Corp. ION Television is owned by ION MediaNetworks. TeleFutura is a division of Univision. Azteca America isa wholly owned subsidiary of TV Azteca S.A. de C.V.---Online:http://www.nielsen.com