Occupy wall street-streaming video, twitter feeds, chat
And apologizes,
To which we say, Bullshit! So tell me now if I have a Yahoo account, can I trust it?Add to Technorati Favorites
OCCUPY WALL STREET: Yahoo admits to blocking e-mails
And apologizes,
To which we say, Bullshit! So tell me now if I have a Yahoo account, can I trust it?Add to Technorati Favorites
Fed kicks republican, banks, stocks, gold and others in the NUTS!
The fed must of been listening to Chubby Checker as it announced it's long talked about "Twist Program." After which the markets immediately started twisting and dumping and twisting some more. Which has really got to piss the Republicans off after they forgot the FED was 'supposed" to be independent of any political party and sent them a letter last night asking them not to do anything. About the only thing that accomplished was insuring they were kicked in the teeth and now will insure that wealthy get more tax breaks at the expense of Jobs.
What the FED said, was they ain't gonna touch the interest rates but they are going to sell a bunch of short term paper and with the proceeds buy longer term bonds. Resulting in a Flattening yield curve Which means the Banks can't make money by lending on the long end by borrowing on the short end because there won't be spread enough to make any money. Convoluted enough for ya? Yepper, because now if the banks want to make money lending, which is what they should have been doing all along instead of stealing, they will have to raise rates themselves and won't be able to blame the fed if they demonstrate they are lousy at business. Which of course they have already proved which is why they had to buy politicians to steal our money to bail them out. They are also screwed at the moment because they have been so busy screwing everybody, there ain't whole lot of anybody's that can afford a loan at today's rates, never mind higher rates.
So really if you look at the layers of paradoxes it can get quite amusing except for one thing, they also crashed gold which can be a predictor of hard times a coming. What you say, we already got hard times? Well it won't be for HFT's and the algo people. They are going to have a field day.
There is speculation that this is a prelude to a massive government back refinance program for those who still own homes. Theoretically this will put money back in the hands of people who can go out and buy more Ipads and Iphones further enriching Apple and China at the same time. The hole in that little boat however is mortgage rate now are pretty low and people are not lining up at the loan window. The other chink is, throwing money into the street so people can buy more stuff that is not made in America only enriches the multi-national corporations who pay the slaves in the countries that still allow that stuff to build the stuff we will all buy until we are broke again?
HEY, does this sound like it is going in circles??? Well it should because it is. Now let us add to this equation the sucking sound of Europe trying to get some our dollars to replace their EURO and Bingo we have the solution!
What we do is sell our dollars to Europe, China, Japan, and whoever else wants them, recirculate the profits among the wealthy and the status quo is saved! Damn that BERNANK he's genuine gen-ass.
It will be interesting to see what happens in Europe tonight cause the dollar went up big time. Hmmmm, just how does a poor due short Europe?
Aw but we got no clue. But here is a clue. The only way you can beat the money man is by using his own money against him.Add to Technorati Favorites
What the FED said, was they ain't gonna touch the interest rates but they are going to sell a bunch of short term paper and with the proceeds buy longer term bonds. Resulting in a Flattening yield curve Which means the Banks can't make money by lending on the long end by borrowing on the short end because there won't be spread enough to make any money. Convoluted enough for ya? Yepper, because now if the banks want to make money lending, which is what they should have been doing all along instead of stealing, they will have to raise rates themselves and won't be able to blame the fed if they demonstrate they are lousy at business. Which of course they have already proved which is why they had to buy politicians to steal our money to bail them out. They are also screwed at the moment because they have been so busy screwing everybody, there ain't whole lot of anybody's that can afford a loan at today's rates, never mind higher rates.
So really if you look at the layers of paradoxes it can get quite amusing except for one thing, they also crashed gold which can be a predictor of hard times a coming. What you say, we already got hard times? Well it won't be for HFT's and the algo people. They are going to have a field day.
There is speculation that this is a prelude to a massive government back refinance program for those who still own homes. Theoretically this will put money back in the hands of people who can go out and buy more Ipads and Iphones further enriching Apple and China at the same time. The hole in that little boat however is mortgage rate now are pretty low and people are not lining up at the loan window. The other chink is, throwing money into the street so people can buy more stuff that is not made in America only enriches the multi-national corporations who pay the slaves in the countries that still allow that stuff to build the stuff we will all buy until we are broke again?
HEY, does this sound like it is going in circles??? Well it should because it is. Now let us add to this equation the sucking sound of Europe trying to get some our dollars to replace their EURO and Bingo we have the solution!
What we do is sell our dollars to Europe, China, Japan, and whoever else wants them, recirculate the profits among the wealthy and the status quo is saved! Damn that BERNANK he's genuine gen-ass.
It will be interesting to see what happens in Europe tonight cause the dollar went up big time. Hmmmm, just how does a poor due short Europe?
Aw but we got no clue. But here is a clue. The only way you can beat the money man is by using his own money against him.Add to Technorati Favorites
Bush and Obama, the best Pair the rich could hold
As we have posted on any number of occasions, we realized the whole Obama gig was a sham when he appointed Jeffery Immelt, CEO of GE, "Job Czar". Although GE presents itself as giant multi-National industrial corporation, it is also a Very large Bank with it's own web page (see here). The mismanagement thereof contributed to Ge being able to qualify for 140 BILLION in tax payer bailout money. Then GE promptly used 50 MILLION dollars of "YOUR" money to to settle a securities fraud charge leveled against it by the SEC. So of course it only makes since to take the man who runs such a company and make him in charge of "JOBS"???
But then is the "Yes" we can man really a yes we can man for the working class. One would have thought that, the economy being what it is, the first thing on the new Presidents agenda would be jobs. But no, it was health care. A protracted convoluted affair that consumed so much attention that it would seem jobs were put on the back burner. In fact they were and still are because the current labor situation is a windfall for the rich and corporations. The following is ripped totally from George Washington's Blog. We did not to paraphrase or quote from it because every word need to be read, Emphasis will be ours:
But then is the "Yes" we can man really a yes we can man for the working class. One would have thought that, the economy being what it is, the first thing on the new Presidents agenda would be jobs. But no, it was health care. A protracted convoluted affair that consumed so much attention that it would seem jobs were put on the back burner. In fact they were and still are because the current labor situation is a windfall for the rich and corporations. The following is ripped totally from George Washington's Blog. We did not to paraphrase or quote from it because every word need to be read, Emphasis will be ours:
Why the Rich Love High Unemployment
Guest Post by Mark Provost. Mark has more than ten years experience as an equity analyst, specializing in the semiconductor and wireless industry. Mark writes regularly about the US economy for Dollars & Sense, ZMag, Truthout, and Global Research.
Christina Romer, former member of President Obama’s Council of Economic Advisors, accuses the administration of “shamefully ignoring” the unemployed. Paul Krugman echoes her concerns, observing that Washington has lost interest in “the forgotten millions.” America’s unemployed have been ignored and forgotten, but they are far from superfluous. Over the last two years, out-of-work Americans have played a critical role in helping the richest one percent recover trillions in financial wealth.
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