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  1. J

    Saudi's bought $3.5 BILLION worth of Gold in LAST 2 WEEKS

    Truth be told, I had it spelled wrong too, re-edited it then replied to you...
  2. J

    Saudi's bought $3.5 BILLION worth of Gold in LAST 2 WEEKS

    Agreed. In the scheme of things, we're going to be much better off after it all goes over the edge anyway. And better off than a lot of other places. We've got a lot of farmland, everyone's got to eat. We've got a lot of decaying infrastructure, which will create a lot of work. And...
  3. J

    Saudi's bought $3.5 BILLION worth of Gold in LAST 2 WEEKS

    Happy now? Friggin' anal retentive grammar nazis... pardon me -- spelling nazis...
  4. J

    Saudi's bought $3.5 BILLION worth of Gold in LAST 2 WEEKS

    I agree that the G-whatever will ultimately be forced to declare a worldwide bankruptcy, I don't think it's going to be all that soon. And, I certainly don't think there's some pan-global, pan-generational conspiracy to accumulate the world's wealth. But, there will be informed...
  5. J

    Paulson Just Did Complete 180 - 2nd 1/2 of Bailout $$ Won't Be Used to Buy Mortgages

    Doubt it. The whole thing was a smokescreen so that his Wall Street buds got their exit packages topped off. I wouldn't doubt them all having tee time the morning of 1/21/09 on their newly finished golf course on some obscure south pacific island that they all purchased so they can hack...
  6. J

    Pelosi refuses to let auto industry fail

    You couldn't be more wrong. In a world without fractionalized banking and debt-based fiat money the pensions and the health care costs of retirees would have been nothing more than a few cents less per quarterly dividend. Interest and inflation are and always were the root cause. Poor...
  7. J

    The End Michael Lewis

    What's sadder is that the people in the article, and in this thread, are acting like everything's over when the starting pitchers haven't even been pulled for the middle relief yet. Still, it was and is a must, great read...
  8. J

    Pelosi refuses to let auto industry fail

    Check the national debt then and today, like pissing in the wind. The sad reality is that loan only deferred the problem, which is why they're coming back to the feeding trough today.
  9. J

    Just Watched PBS Special on 'The Crash of 1929'

    The speculative end of today's housing market, namely sub-prime, option-ARM and interest-only mortgages did not create the credit crisis. No, the problem was rooted in the IBs getting 30:1 leverage which was then used to structure the above mentioned mortgages into even more leveraged CDOs...
  10. J

    Bailing out US auto

    No different than what Nixon did in the late 60's when they handed over the production of televisions to Japan. It was "too expensive" to produce them here in the states by then compared to what Japan could make them for. Only problem was that the knock-on effect of forfeiting the entire...
  11. J

    Bailing out US auto

    Their self-interest certainly played a part, but they're not the sole reason. Management hubris first towards off-shore competition and later with planned obsolescence are equally at fault. I've got news for you, we're already well above 10% unemployment. The only reason the numbers...
  12. J

    Bailing out US auto

    Mike Jackson is just another self-serving hypocrite. AutoNation has never been a friend of the big 3 and said as much in that interview in that the bulk of their sales are from imports. His argument, that they've turned things around is total bullshit. Does anyone here honestly think that...
  13. J

    Starbucks - The worst conference call I have ever heard

    The hell it doesn't: http://www.krootlaw.com/articles/mcdonalds-coffee-case/
  14. J

    Obama To Introduce Crackdown Measures On Tax Havens

    The report only detailed the what and how. It took a couple of weeks after the towers fell to translate the contents of the report into legislation that was rammed through Congress.
  15. J

    Obama To Introduce Crackdown Measures On Tax Havens

    Well, it was laid out in advance, almost two years before the towers fell. But, it wasn't due to goverment conspiracy. The bulk of the act came out of the report from the Hart-Rudman Commission on National Security for the 21st century. It was a bi-partisan commission under Clinton's watch.
  16. J

    Obama To Introduce Crackdown Measures On Tax Havens

    No one specific. With any luck this next four years can do as much damage to the Democrats as the last 8 did for the Republicans so that a real third party can emerge, most likely with a defection of the moderates within the rank and file of each party that are feeling disenfranchised by...
  17. J

    Obama To Introduce Crackdown Measures On Tax Havens

    Both parties are overrun with intolerant extremists who will only and begrudgingly reach across the isle when absolutely necessary. Nothing will change until we replace them with people who have the wisdom and courage to walk down the center of the isle.
  18. J

    Obama To Introduce Crackdown Measures On Tax Havens

    The last I checked the total number of voters was 123,462,202 which is not even close to a majority of the nation. Of those that did, 53% voted for Obama, which isn't a mandate by any stretch, yet that's exactly what that the Democratic leadership is saying. And, what are we going to get...
  19. J

    `It's your 2 Trillion; not the Fed's." Fed Refuses To Provide Any Transparency

    I'm as outraged as anyone else at those that got the country into this situation. But, to force individual communities to shoulder the burden by kicking these people out of their houses is stupidly short-sighted. Keeping them in it, even if it means that they're only paying rent to the...
  20. J

    I was just thinking about how Real Estate Broker Scum are getting a pass

    You're jealous of something you can't even spell correctly. What a fucking poser.
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