Bush on CNBC

stock_trad3r · Mar 16, 2008

neoconism is here to stay, like t or not. Even the democrats will shift to a more neocon platform.

BCE · Mar 16, 2008

Quote from RussellDaytrade:

everyone being trotted out from this administation, from the president, to the sec treasurer, to the fed chair, etc, is on the defensive, deservedly so...not good news, more bad news coming, and they know it...they are trying to forestall it by trying to get out in front of it, and trying to make it out to be less dire than it is.

the only thing propping up the market the past two months is the fed goosing it on 'averaging down', which has each instance faded..in short, the investment banks are using the cover of the fed to liquidate assets each time the market gets jacked-up, for if they don't, they will flounder also, ala bear stearns, which they may anyway, in the final analysis.

Nicely put. My exact sentiments. This has all been building up for years and now the shit's going to hit the fan. The Fed's going to run out of bullets here shortly. Then what?

stock_trad3r · Mar 16, 2008

When the markets don't go your way shorts always blame the fed.

frank grimes · Mar 16, 2008

They will try and print more bullets?

bhairava · Mar 16, 2008

The Department of Homeland Security has purchased 13 billion rounds of ammunition.

Willim Ramsey, a minister in Alaska, has appeared as a guest on coasttocoast(.com) nightly radio show(12-5 AM EST). He has talked with a freind--a CEO of a major U.S, oil company; the CEO disclosed that one of the world's largaest oil fields was discovered in the Bay of Alaska, and that his company is waiting until the price of crude reaches $150 per barrel before uncapping it. The same CEO also reportedly said that the oil lobby is very powerful, and Congressmen know about this oil field, as well as others.

Geology textbooks will have to be rewritten concerning how most oil is not produced via decay of organic matter--it is constantly being replenished in the earth (for most oil fields).

Also, in Alaska, according to Mr. Ramsey, they have discovered enough NG to meet U.S. needs for the next 100 years. Seven
747 jet engines are pumping this natural gas back into the ground 24/7/7.

Thunderdog · Mar 16, 2008

Quote from craigs21:

Oligopolistic? How many big oil companies are there in the world? Quite a few when you factor in the state owned companies. You might be able to make a case for refiners having a small amount of power over localized pricing, but not in the aggregate. Besides, we are not just importing crude, we are importing increasing amounts of gasoline. Why? Because regulations and environmental hippies have driven the costs of new refineries through the roof. How many have been built in the last 30 years?

Give me a break.

If you don't think that the oil industry is oligopolistic, then I am not sure I can explain it to you. Perhaps these sources can help you:

http://www.oligopolywatch.com/2004/06/12.html

http://people.hofstra.edu/geotrans/eng/ch5en/appl5en/ch5a1en.html

http://kruszka.wordpress.com/2008/02/07/record-profits-it-does-not-bode-well-for-the-oil-industry/

http://biz.thestar.com.my/news/story.asp?file=/2007/8/20/business/18536074&sec=business

I can provide many more links, but really, what would be the point?

Thunderdog · Mar 16, 2008

Quote from Bugatti:

And may I ask....what have you done to help the situation assuming you are a US citizen? Please explain these ''things'' that he touched?...

I'm Canadian, thanks for asking. As for the "things" he's touched with his reverse-Midas touch, surely you are joking when you ask that I list them. Where do I begin? (Have you just emerged from a cellar for the first time in over 7 years?)

Here is an incomplete list:

http://en.wikipedia.org/wiki/Movement_to_impeach_George_W._Bush

nyxtrader · Mar 16, 2008

Quote from pavlov0032:

Geez any college student could speak better then him..

I would assume that the speech should be more sophisticated at the econ. cub on NY.. it sound like he is talking to high school teenagers..

Well average Americans have a 8th grade reading level...very sad

stock_trad3r · Mar 16, 2008

Quote from nyxtrader:

Quote from pavlov0032:

Geez any college student could speak better then him..

I would assume that the speech should be more sophisticated at the econ. cub on NY.. it sound like he is talking to high school teenagers..

Well average Americans have a 8th grade reading level...very sad

More...

If your so smart why aren't you a millionaire like Bush?

nyxtrader · Mar 16, 2008

Quote from stock_trad3r:

If your so smart why aren't you a millionaire like Bush?

This is exactly what I am talking about... it isn't 'your' it is "you're"

I do well for myself and really until you put up some numbers, your opinion means nothing to me as well as the rest of the ET community. I am not interested in disclosing my finances over the net.