Comments on: Time to Get Political Folks…Massive Bailouts Front and Center

By: Dave

Dave — Mon, 28 Jul 2008 15:10:24 +0000

>> Only in such strange times are you punished for being prudent, and rewarded for recklessness.

In Germany during the 1930’s there where two brothers, one was frugal and responsible and the other was a drunk. During the depression the responsible one lost everything he had. The drunk brother kept a collection of beer bottles and many of those companies went out of business. As a result his bottle collection became expensive collection of collectibles and he got rich.

By: Dave

Dave — Mon, 28 Jul 2008 15:05:44 +0000

Ok, enough with the howling at the wind. What are we going to do about it, how are we going to stop it!

By: Nick

Nick — Fri, 25 Jul 2008 20:08:38 +0000

Let the chips fall where they may.

By: Sat out the bubble in Seattle

Sat out the bubble in Seattle — Thu, 24 Jul 2008 06:24:05 +0000

I saw housing prices start to rise as I entered my 20s.
I sat out; I worked shit jobs during school.

I got a better paying job, saved a little.
I sat out; prices had risen even more.

My siblings, parents and friends bought houses they couldn’t afford, panicking at the skyrocketing cost.
I sat out; ill health wiped out my savings.

I got an even better job and went gung-ho at saving.
I sat out; things were so expensive that it seemed insane to buy.

Prices go down, family and friends are losing their homes.
I sat out; my savings increased and my back hurt from helping people move.

Financial problems plague our nation, and rows of houses are fore sale.
I sit out; inflation is eating my paychecks, my savings is next to get hit.
I sit out; prices are still too high to be reasonable, banks turn you away without 20% down.

Only in such strange times are you punished for being prudent, and rewarded for recklessness.

By: Truth doctor

Truth doctor — Thu, 24 Jul 2008 03:52:27 +0000

The Iraq war costed 3 trillion dollars and now this

Um, check your numbers there, guy. Not even close.

Paulson is a fascist…He looks like one.

Thanks for the laugh, by the way.

By: EternalOptimist

EternalOptimist — Thu, 24 Jul 2008 02:46:51 +0000

Battle of the Mikes!

I think this Captain Morgan (Mike) has even outdone Mish Mike with his post today. Anyone still ‘In the Dark’ about the seriousness of our economic MESS and coming Grand Depression should read Mike’s post (link below) – and get seriously depressed! As usual, the real culprits remain UFOs (Unidentified Fiscal Ogres – aka Zionists).

http://tinyurl.com/6g465v

Like I said (and Mike agrees) there is NO EXIT from the Grand Depression – and NO PLACE TO RUN!

By: Marc Authier

Marc Authier — Thu, 24 Jul 2008 02:03:27 +0000

You can say it.The taxpayer is going to eat shit for a long long time.Nice. The Iraq war costed 3 trillion dollars and now this. Sorry but I really think that the best way to protest is to leave the country. The Democrats are as rotten and corrupt as the Republicans. They are all scumbags Obama, Mister Change is full of shit. This type of bailout happens in a banana republic.

By: S Couper

S Couper — Thu, 24 Jul 2008 01:57:20 +0000

I guess we know why the financials have been going though the roof for the past few daya even though WaMu and Wachovia reported disasters today. Smart money already knew “The fix is in”.
I watched the “debate” (?) on C-SPAN. Both sides stood up and said this bill “stinks” and then passed it. When that happens you know the taxpayer is going to eat it big time.

By: Marc Authier

Marc Authier — Thu, 24 Jul 2008 01:52:27 +0000

Till debt does us apart.

It’s great. There is a problem with the “bailout”.

Will it put money, in the pockets of average american ?
Will it allow him to pay lower prices on homes ?
Will it increase revenues ?
Will it lower inflation ?
Will it lower interest rates ?
Will it lower taxes and income tax ?

See what I mean. How the hell can these bastards in Washington justify such a stupid bailout, that bails out NOBODY except the bankers. THIS BAILOUT IS SHIT. Paulson is a fascist. It’s the strongest word I could find. He looks like one.

By: Marc Authier

Marc Authier — Thu, 24 Jul 2008 01:08:01 +0000

“On the road to serfdom.” Ludwig Von Misses.
Save the bankers by killing the taxpayers and inflating to death. It’s one great idea. Stange behaviour in the markets indeed. In classical economics, it’s called monetization of the debt. You take from the godamn shitbag pigs called bankers, all their worhless pieces of shit, and in exchange you print barrels and barrels of freshly printed crispy bills in exchange.

This correspond to A LOT of inflation. Why is oil, gold going down and the godamn dollar going up ? I smell rats here. My nose is saying foreign central bankers. Let the assholes have fun. It won’t last. 6 months from now, inflation will be out of control everywhere.