HowardSince 2005 sang the Eagles
November 9th 2007 16:55
Eagles, On the Border- of Financial Collapse
My Ol' 55- Eagles, Tom Waits
Well the banks crash so quickly;;
They go lickety split lee;;
Writing down some more loans;;
Forty billion in assets;;
Getting so smashed then;;
Lord knows, it is really a mess;;
Morgan Stanley made a bad bet;;
On all that sub-prime stuff yet;;
And AIG Insurance did it too, 3 billion more of goo;;
Lord they don’t believe the pyramids falling stronger;;
Soon you will see, that the collapse’s getting longer;;
Six in the morning;
Became three with no warning;
As the writedown continued on;;
Now the people all cursin’ me;;
Pensions were looted, see;;
We need an FDR central stuff;
And now the sun's comin up
No more of that lady luck
Industry, rail roads cars and trucks;
National credit made;
For the things that we need;;
Just a-wishin' the game continued longer;
Lord, don't you know the crash gettin' stronger;
What are the Congressmen and Women afraid of? The real estate bubble started deflated sometime in 2005, and the larouchepac.com got out tons of literature telling people the bubble was going to collapse. Why did they not act?
It's a little thing called the truth about 9-11 (2001). This terrorist act was abetted and in some way or other actually organized within the United States Military Command, for allowing the Bush-Cheney administration to go with the policies that Cheney wanted to go with, which were endless war and in effect, dictatorship. That is permanent rule by emergency decree.
What is the evidence? How about all this stuff about in England about the BAE (British Aerospace Enterprise) and their $2 billion in bribes (actually slush funds) to Prince Bandar of Saudi Arabia. And you remember the 9-11 hijacker bodies were 15 out of 19 Saudi nationals, with the other 4 brought in by them.
Now Prince Bandar himself is saying Saudi intelligence warned the USA about 9-11 before hand. Perhaps they furnished the tools, but not the controls. See the link, Really Long Link for more juicy stuff.
So that is the terror in Congress we have to break through to solve the financial crash, the mortgage crisis, the real estate crisis, etc. Meanwhile, gold is heading to $1000 an ounce.
pix at : Really Long Link
http:// www .nostalgiacentral.com/ music/ol55.htm Ol 55 is a parody band out of Sydney Australia. Any recent reincarnations of it?
and pix: http://imagesReally Long Linkwww.mp3sugar.com/ishow.img/album/cover501_12768&imgrefurl=http://www.mp3sugar.com/mocedades/eres-tu-todos-los-grandes-exitos-cd-2-a38870/&h=200&w=200&sz=9&hl=en&start=1&um=1&tbnid=6eqraGk7RZ1vJM:&tbnh=104&tbnw=104&prev=/images%3Fq%3Deagles%2Bon%2Bthe%2Bborder%26svnum%3D10%26um%3D1%26hl%3Den%26client%3Dfirefox-a%26channel%3Ds%26rls%3Dorg.mozilla:en-US
fficial%26sa%3DNhttp ://images Really Long Link www.mp3sugar. com/ishow.img/album/cover501_12768&imgrefurl=http://www.mp3sugar.com/mocedades/eres-tu-todos-los-grandes-exitos-cd-2-a38870/&h=200&w=200&sz=9&hl=en&start=1&um=1&tbnid=6eqraGk7RZ1vJM:&tbnh=104&tbnw=104&prev=/images%3Fq%3Deagles%2Bon%2Bthe%2Bborder%26svnum%3D10%26um%3D1%26hl%3Den%26client%3Dfirefox-a%26channel%3Ds%26rls%3Dorg.mozilla:en-US
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Comment by S.L.
The Political Brief
Comment by Howard
Real Crash
Comment by S.L.
The Political Brief
As far as I know, the only way to get out of the financial crunch is to institute new tax cuts and free up more private money for investing. Raising taxes may sound like a good idea but it never works in practice. You just can't tax people into prosperity. Electing a fiscally and socially conservative President and Congress is another way to turn things around. Seems that almost everyone in office now has never met an entitlement they didn't like. We need a little fiscal self-control rather than more spending. Likewise, if society were more socially conservative, many of the entitlements would no longer be necessary.
We didn't get into this mess overnight, Howard, and there are no "quick fixes." If I were in charge, I'd appoint Walter E. Williams to run the finances. He's a highly respected Professor of Economics at George Washington Univ. There is no one, anywhere better qualified to sort out the problems and effect repairs to the economy.
We should stop the ethanol crap and start drilling in ANWAR and off the coasts to ease our dependence on foreign oil and beef up our own economy by creating thousands of new jobs (not that our jobless rate is high, it's the lowest in many, many years... but Zero would be better still.) We could also build new refineries and tell the Sierra Club, Gore, etc. to "kiss this."
It was the prospect of easy money that got the banks so screwed up and the people who bought the "sub prime" lie didn't do themselves any favors, either. That's a huge problem, granted... but it didn't happen overnight and it can't be cured quickly. More government control isn't necessarily the answer. Neither is more government spending. Maybe there's someone better equipped than Bernanke to sort it out. Like Walter E. Williams...
Comment by Howard
Real Crash
9-11 was not necessarily something even Cheney knew about before hand. But, some people in the extended "British Empire", including in the US military, arranged for it to happen. Prince Bandar did speak relating to this on TV recently, all warnings from the Saudis were ignored. Remember Osama was one of ours.
FDR, is the latest in a chain going back to Alexander Hamilton, Abe Lincoln, with Henry Carey advising, etc. It is the idea of national sovereignity and directed credit. No "free market solutions" will work, unless you want to be a slave of a modern British East India Company.
Comment by Howard
Real Crash