forget gold, buy scrap circuit boards. I forget what it's called, but there's an element in circuit boards that has about 5 years supply left - that's even less than oil! _________________ =====================================
"If you do a commercial, you’re off the artistic roll call forever. Every word you say becomes suspect. Every word you say is like a turd falling from your mouth into my drink."
I have made fun of gold bugs in the past. They always seem to be survivalist nutters who are convinced that the Fed is plotting to take over the U.S. But today I sold off some stocks and put a good chunk of money into gold ETFs. I will probably end up getting raped.
Now for the guns, ammo, and food.
Well...it would suck if they had the last laugh...
I used to have this crazy long commute and I would listen to this nutter radio talk show, just for entertainment. OMG...before the OnStar technology came out...there was just absolute hysteria that the govt was plotting to have total control over us by being able to stop all our cars with these secret transponders.... Hey, makes cycling that much better.
Anyway, the last time I heard any of that stuff was before Y2K...holy crap...the govt was going to take over because of Y2K...BUY GOLD NOW!! FROM ME!! The world didn't end and Jesus didn't come back either. They have an interesting mix of beliefs...if Jesus is coming back, WTF do I need all this gold for?
I think I'd better start stockpiling Diet Coke and M&M's...gotta know where to allocate resources! _________________ Some people know the price of everything and the value of nothing.
forget gold, buy scrap circuit boards. I forget what it's called, but there's an element in circuit boards that has about 5 years supply left - that's even less than oil!
People are stealing air conditioners in my area to get copper out of them. Not window units, either. I know somebody that had their copper gutters stolen off their house in the middle of the day.
So...there's an easy way to make extra money, if anyone needs it. _________________ Some people know the price of everything and the value of nothing.
forget gold, buy scrap circuit boards. I forget what it's called, but there's an element in circuit boards that has about 5 years supply left - that's even less than oil!
forget gold, buy scrap circuit boards. I forget what it's called, but there's an element in circuit boards that has about 5 years supply left - that's even less than oil!
People are stealing air conditioners in my area to get copper out of them. Not window units, either. I know somebody that had their copper gutters stolen off their house in the middle of the day.
So...there's an easy way to make extra money, if anyone needs it.
There is a problem with unsold or under construction houses being stripped of things like copper wiring. People have been caught melting down old pennies because the copper is worth two and a half times the face value. Even the zinc pennies are worth more than a cent. _________________ "Listen, my son. Trust no one! You can count on no one but yourself. Improve your skills, son. Harden your body. Become a number one man. Do not ever let anyone beat you!" -- Gekitotsu! Satsujin ken
forget gold, buy scrap circuit boards. I forget what it's called, but there's an element in circuit boards that has about 5 years supply left - that's even less than oil!
People are stealing air conditioners in my area to get copper out of them. Not window units, either. I know somebody that had their copper gutters stolen off their house in the middle of the day.
So...there's an easy way to make extra money, if anyone needs it.
I remember as a kid nicking milk churns to get em weighed-in. Copper gutters - are they old? _________________ =====================================
"If you do a commercial, you’re off the artistic roll call forever. Every word you say becomes suspect. Every word you say is like a turd falling from your mouth into my drink."
forget gold, buy scrap circuit boards. I forget what it's called, but there's an element in circuit boards that has about 5 years supply left - that's even less than oil!
People are stealing air conditioners in my area to get copper out of them. Not window units, either. I know somebody that had their copper gutters stolen off their house in the middle of the day.
So...there's an easy way to make extra money, if anyone needs it.
I remember as a kid nicking milk churns to get em weighed-in. Copper gutters - are they old?
100 year old houses...yes, believe it or not, there are some houses that old in America... _________________ Some people know the price of everything and the value of nothing.
100 year old houses...yes, believe it or not, there are some houses that old in America...
If I lived there, I'd rip em down myself and install zinc/plastic, beat the feckers to it. _________________ =====================================
"If you do a commercial, you’re off the artistic roll call forever. Every word you say becomes suspect. Every word you say is like a turd falling from your mouth into my drink."
Goldman, Morgan give up investment bank status
Jason Szep and Christian Plumb Monday, September 22, 2008
Goldman Sachs and Morgan Stanley sought shelter with the Federal Reserve to survive
a financial storm that destroyed their rivals, and Wall Street braced for a week of
political wrangling over a proposed $700-billion (U.S.) bailout for troubled banks
but only after they've finished off.. raping the markets.. bastards..
forget gold, buy scrap circuit boards. I forget what it's called, but there's an element in circuit boards that has about 5 years supply left - that's even less than oil!
People are stealing air conditioners in my area to get copper out of them. Not window units, either. I know somebody that had their copper gutters stolen off their house in the middle of the day.
So...there's an easy way to make extra money, if anyone needs it.
I remember as a kid nicking milk churns to get em weighed-in. Copper gutters - are they old?
100 year old houses...yes, believe it or not, there are some houses that old in America...
I live in a 180 year old house that we just bought in June and we got hit by the high interest rates right now thanks to those irresponsible idiots giving out irresponsible loans _________________ Porridge makes you go faster
forget gold, buy scrap circuit boards. I forget what it's called, but there's an element in circuit boards that has about 5 years supply left - that's even less than oil!
People are stealing air conditioners in my area to get copper out of them. Not window units, either. I know somebody that had their copper gutters stolen off their house in the middle of the day.
So...there's an easy way to make extra money, if anyone needs it.
I remember as a kid nicking milk churns to get em weighed-in. Copper gutters - are they old?
100 year old houses...yes, believe it or not, there are some houses that old in America...
I live in a 180 year old house that we just bought in June and we got hit by the high interest rates right now thanks to those irresponsible idiots giving out irresponsible loans
Do whatever you need to, to hang in there KRE. Interest rates are going to come down and forget gold - with the housing associations buying up all the reposessions, house prices will go through the roof again, and then you'll be sat on a 'goldmine'. _________________ =====================================
"If you do a commercial, you’re off the artistic roll call forever. Every word you say becomes suspect. Every word you say is like a turd falling from your mouth into my drink."
Not really been affected at all.
Looking forward to people re-adjusting and perhaps learning a few lessons, alot of culture and tradition has been lost because of the last 10 or 15 yrs of this boom economy. Greed took over, everyone wanted the money everyone became an investor, terms like 'starter home' became the norm, 'property portfolios', hearing a car sales man talking about his was very entertaining. Everyone wanted to buy and make huge profits, making a living is no longer good enough we must make a killing. Now its time to wake up. _________________ It could be worse!!!
agreed Paperman, I'm afraid new Labour really exagerrated the worst tendencies of Thatcherism - trickledown and greed is good. It would be nice to think that we could stop focusing on the creation of monetary capital and start focusing on the creation of social capital, bartering for what we need, working on the micro level but capitalism will only adapt to a simulacrum of something 'fairer' and we'll all get sucked in again - that's why it survives as a system, because it adapts and survives.
What we need is an emphasis on the values of co-operativism but what we'll get is rule by the Bullingdon club, which I find a truly frightening prospect _________________ I'm just looking for one divine hammer
Nader Warns Against Mammoth Bailout Wednesday, September 24, 2008 at 12:00:00 AM
Ralph Nader to Congress: Put the Brakes on "Carte Blanche" Bailout: "Haste Makes Waste" with Goliath of Panic Legislation."
"Taxpayers are being asked to foot the bill for corporate malfeasance."
Independent presidential candidate and longtime consumer advocate Ralph Nader said today that he opposes giving Treasury Secretary Henry Paulson -- heralded as King Henry on the cover of Newsweek -- what amounts to a blank check for $700 billion with nothing more than a promise to keep the U.S. financial system from imploding. Nader said that any bailout should have strict accountability, conflict-of-interest, regulatory, and oversight rules attached, including a cap on executive compensation and stock warrants for the rescuing taxpayers.
Ralph Nader, whose vigilance for consumers dates back to 1965, issued the following statement this afternoon, urging Congress to slow down, "Haste makes waste." "Over the years, every time Congress acted in haste, it was an unsuccessful boondoggle, from the $3 billion synthetic fuels legislation of 1980 to the 2002 Iraq War Resolution. "The proposed $700 billion blank check is the Goliath of domestic panic legislation. "It's a triple whammy on the American people as taxpayers, consumers and workers.
"Without public hearings, without civil justice safeguards, accountability and Congressional oversight, without comprehensive regulation and shareholder governance, this three-page bill could be the mother of terrible unintended consequences. For example, what if it is the wrong kind of bailout? "Of all the insults Bush's monarchy has ever hurled at Congress, a supposedly co-equal branch of government, this one breaks new ground in shattering the bedrock principle of separation of powers and checks and balances under our Constitution and replacing it with blanket Congressional surrender of its authority to Bush's White House. "Rather than race home to run for re-election, members of Congress should do what they were sent to Washington to do: carefully draft the legislation that will serve the needs of Main Street and Elm Street, not the greed, fraud and recklessness of Wall Street.
Nader also calls for changes to the bill that would include:
* Provisions for homeowners to stay in their homes in default, or rent them at market value.
* A cap on executive compensation and disgorgement of ill-gotten gains.
* A stimulus package for infrastructure repair and upgrade to generate new community jobs.
* Comprehensive regulation of and disclosures by the financial industry and Wall Street to prevent this from occurring again.
* Prudent margin requirements on derivatives trading and a tax on securities derivatives transactions.
* Shareholders control over the corporations they own.
* Tougher criminal enforcement against culpable firms and executives.
"Why should the American taxpayers bail-out fraud, recklessness and criminal irresponsibility?" asks Nader. "Why should the American people trust the judgment of the very administration that has gotten us into this mess?" Nader expressed strong agreement with William Greider of The Nation who recently wrote that "If Wall Street gets away with this, it will represent an historic swindle of the American public -- all sugar for the villains, lasting pain and damage for the victims."
Nader objects strongly to the language of the bill itself. The draft is very brief, broad, vague and overreaching, granting authority to Secretary Paulson with no oversight, says Nader. [http://www.nytimes.com/2008/09/21/business/21draftcnd.html] He highlights Section 8. Review which dictatorially states: "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."
"This recklessly empowers a government appointee with no accountability. It's clear that till the bitter end, the Bush/Cheney approach to government is one of unconstitutional over-reach, coercion, secrecy and zero accountability, with corporate comfort first, and the best interests of the American people last, says Nader. Something has to be done, says Nader, but not in secrecy and not without a Constitutional brace of protections for the American people added to the bill, including appropriate sunset provisions.
"In what would be the biggest bailout in history, the Bush/Cheney operation is using the same kind of threatening language they used to gin up support for wiretapping, the Patriot Act, and their pre-planned war against Iraq. They are attempting to cynically manipulate the American people, stirring up fears in a time of economic crisis, essentially extorting taxpayer funds to stave off a Second Great Depression that they largely helped create and perpetuate. "Enron and IAG are the bookends of the Bush/Cheney reign of economic and social corruption and neglect," says Nader. But he adds that the problems can be traced even farther back to the 1970s, a period of deregulation that was further spurred by Reagan era "trickle-down economics."
"Consumer groups from around the nation are in an uproar over this example of socialized welfare for corporate greed," says Nader. "Neither of the two corporate-backed parties, which have sold the snake-oil of deregulation for decades, have the legitimacy, courage or record to handle this crisis or stand up to this mega-bullying. The American people, Nader said, must speak loudly to their representative in Congress to stop them from caving to the blank-check demand of "King Henry" and the Bush/Cheney dictatorial regime.
political.. yes.. but he's saying what most are thinking..
Goldman's being Sack-ed in issuing $5 billion worth of perpetual "preferred" stock to 'Warren Buffets'
company Berkshire Hathaway.. paying a 10% dividend back of the bus for common share holders..
and GS was the best of the investment houses.. are we hearing.. oink oink oink.. all the way home http://www.globeinvestor.com/serv...OWJONESDJONLINE000452/stocks/news
imo.. the carnage on monday was all political..
more chaos in the markets.. the better for obama..
that's why there's all this screwing around by dems...
another dead cat bounce today as the bailout will not happen.. for now..
My favorite part is on Monday afternoon when different Congressional people are being interviewed, and they say how seriously they're taking all this...very seriously...very...they're going to get to back to work on it....THURSDAY.
Speed of light for them I guess. They should all be locked in the damn Capitol Building til they decide what to do....like a jury.
_________________ Some people know the price of everything and the value of nothing.
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Hey, makes cycling that much better.
back of the bus for common share holders..