Monday Links

Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.

Woodrow Wilson

Good week to the clueless. What a week we have in store!
Did you see Greensperm on 60 Minutes last night. This the Asshump that started this Mutant Asset Bubble by lowing the Fed rate to 1%.

Poor Ben Bernanke, I glad I'm not him. Save my Homeboys on Wall St. or do the right thing to save the dollar.

Bank runs! Northen Rock is getting pounded baby. Maybe you should take your money out of the bank now, Gold will explode.

Some sites to look at.

http://en.wikipedia.org/wiki/Federal_Reserve

http://www.truthout.org/docs_2006/091407A.shtml

Thank God for Keith Olbermann.

The What

Posted by: guest at September 17, 2007 9:02 AM

The What,

Your idiotic posts are so irrelevant, I almost look forward to your tired and rambling quotes of the day for a good laugh.

Why are you so bitter? I know, you must have like 3 or 4 gold coins that you managed to scrimp and save for instead of buying some real estate and now you hoping to scare the price of gold up so you can finally feel vindicated...

Run on the Banks - The sky is falling.

Please! I would love to know your expertise in this area...What do you do for a living, I mean other than researching irrelevant quotes from long dead individuals?

The How

Posted by: guest at September 17, 2007 9:31 AM

"Your idiotic posts are so irrelevant, I almost look forward to your tired and rambling quotes of the day for a good laugh."

Well.. I have found someone to read and respond to my 'tired and rambling quotes'.

"Why are you so bitter? I know, you must have like 3 or 4 gold coins that you managed to scrimp and save for instead of buying some real estate and now you hoping to scare the price of gold up so you can finally feel vindicated..."

No Dumbass, I have more then 75 coins in my collection. Gold and Silver Did you know the US Mint has halted sales on their American Eagles, they want to reprice them. Investors want to protect their assets, Metals will do very well this year.

"Run on the Banks - The sky is falling."

Get your money now!!!!!!!

"Please! I would love to know your expertise in this area...What do you do for a living, I mean other than researching irrelevant quotes from long dead individuals?"

Well.. I have no debt and use cash for everything, I don't want to make Wall St. bankers rich. We live in a DEBT society, no one saves money and uses credit like a asshole. The Piper is coming soon folks, he wants his fucking money back.

I'm a Licensed Real Estate Broker. <---Yes that. I have seen o'lot of shit in my career. I wonder what the fuck is going on, I did some research and was shocked! The financial system is corrupt.

The What

Posted by: guest at September 17, 2007 10:26 AM

"Well.. I have found someone to read and respond to my 'tired and rambling quotes'."

Oooohhhhhh! The What got you 9:31. What he/she's saying is not far fetched. Watch this animation. Then come back and comment.

http://video.google.com/videoplay?docid=-9050474362583451279

Posted by: guest at September 17, 2007 10:44 AM

Wow, a whole 75 coins in your collection - Gold and Silver! Assuming they are all 1 oz gold eagles (Obviously not) that equates to a market value of around $45,000. Of course probably more like $20,000 when you factor in the silver ones plus the bullshit factor.

Just think, if gold doubles and real estate tanks you just might be able to buy that studio in Park Slope on 6th Avenue for $40,000.

Not!

The Where

Posted by: guest at September 17, 2007 10:45 AM

Yes "What" you seem to have all of the answers...

I fact, money is corrupt too, I think we should go back to the tried and true system of barter. I will give you 30 laptops and 6 chickens for your Brownstone - Deal?

Posted by: guest at September 17, 2007 10:48 AM

Sorry guys, tried to check out the google link - dont really have 47 minutes to watch right now. I promise I will try to check it tonight after work and comment then...

The When

Posted by: guest at September 17, 2007 10:51 AM

"...dont really have 47 minutes..."

That's part of the problem. Debt (funded by the Banking System out of absolutely nothing) enslaves you to work eight plus hours a day to pay it off. This leaves you little time to THINK and figure out the whole scam behind it. Please watch the animation tonight and get back to us here.

Posted by: guest at September 17, 2007 11:14 AM

Re: Market Report, 2007 [New York Mag]

"We turned to some of the brightest minds in real-estate economics—Glaeser, Inman, Roubini, Tim Harford (author of The Undercover Economist), George Mason University’s Tyler Cowen, and Urbandigs.com founder Noah Rosenblatt—to come up with competing best-case and worst-case scenarios from now to 2010...we mashed their guesses together...

WORST CASE
In this scenario, a full-fledged credit crunch rips through the system. The August employment figures, showing no growth for the first time in four years, are the beginning of a serious downward trend. The economy heads for a hard landing, and an all-out recession ensues.

BEST CASE
In this instance, the current liquidity problem is contained by the end of the year. Employment figures pick up in September. Global growth continues."

THE 'BEST CASE' ARGUMENT IS OVERWHELMINGLY UNREALISTIC AND GETS ANNIHILATED BY THAT OF THE 'WORST CASE'. THAT'S WHY IT'S SYNOPSIS IS SO SHORT AND EASY.

Posted by: guest at September 17, 2007 11:39 AM

11:14 - I will watch the video, but now it seems you are suggesting communism as the solution to having to work an 8 hour day.

I doubt very much I will adopt that view...

Posted by: guest at September 17, 2007 11:58 AM

"Wow, a whole 75 coins in your collection - Gold and Silver! Assuming they are all 1 oz gold eagles (Obviously not) that equates to a market value of around $45,000. Of course probably more like $20,000 when you factor in the silver ones plus the bullshit factor."

Not a bullish factor Dumbass, this happens when the inflate the money supply. Gold has intrinsic value. 3000 years ago you could buy a suit, shoes and other things with one gold coin. Today you can do the same thing. Bankers love to give you paper money for you wealth and labor. Inflation and deflation robs you of your purchasing power EVERY DAY! I have various coins in my collection, too many to name.

"Just think, if gold doubles and real estate tanks you just might be able to buy that studio in Park Slope on 6th Avenue for $40,000."

No people will be able to afford their houses and apartments. People would not work so hard just to live. Mortgage and rent inflation hurts us all.

"Yes "What" you seem to have all of the answers...

I fact, money is corrupt too, I think we should go back to the tried and true system of barter. I will give you 30 laptops and 6 chickens for your Brownstone - Deal?"

No Assfuck, We would have money back by Gold or Silver, Real money not this paper shit. Guess what? Government expenditures would not be out of control taxes would be low also.

Posted by: guest at September 17, 2007 12:24 PM

In fact the "worst case" argument in NY Mag isn't even the real worst case. Here's the worst case:

KABOOM! Osama gets lucky again. Maybe here, with a dirty bomb that doesn't kill so many but irradiates billions or trillions worth of Manhattan real estate. Or with something deadlier--maybe in NYC but in another city, but with the consequence that people across the country depopulate major cities, not willing to live in a "target-rich environment." Recession. Social chaos. Economic ruin.

On the bright side, things may be so dire that there will be no one with the desire, or the law-enforcement backup, to foreclose on your million-dollar mortgage anyway. But you better be handy with a gun!

Posted by: guest at September 17, 2007 12:36 PM

No, 11:58, I don't want communism. It's not the 8 hours but rather the plus hours in OT or 2nd/3rd jobs that many have to work in order to keep up with debt. I was just unfairly using you as an example to make a point that people don't have the time/energy to seek truth because they're enslaved by debt. No pun.

Posted by: guest at September 17, 2007 12:36 PM

I can afford my house just fine, because you cant doesnt mean you should call people assfuck.

Posted by: guest at September 17, 2007 1:31 PM

"I can afford my house just fine, because you cant doesnt mean you should call people assfuck."

Well.. I didn't call people Assfuck, just you. I own a house too. No No No, well okay Assfuck.

I just crack myself up sometimes.

The What

Posted by: guest at September 17, 2007 3:00 PM

"Hey THE WHAT- They wore suits 3,000 years ago? Was the vest included? Or just a second pair of pants? Now if you said that you could pick up a really nice toga for one gold coin..."

LOL Thank you for clearing that up... Toga Toga Toga.

The What

Posted by: guest at September 17, 2007 3:29 PM

Crack seems to be the operative word in your posts here, "The What."

Posted by: guest at September 17, 2007 10:29 PM