Read about this at CNN July 30, 2010
What do they say, it was all legal." Maybe not moral but legal. Read the article an form your own opinion. I have to wonder just how heartless can we become?
Friday, July 30, 2010
Where's the Fed headed?
Bernake backed off his first view which was to raise interest rates if you remember. I'm in agreement with that, however, we are almost certainly faced with inflation or deflation. I don't see any other possibility. We're going to have one or the other.
We have a stagnant economy with no place to go unless we create some avenues [employment opportunities] which means jobs. The big question is how do we do that now that we've dismantled almost every entity that created jobs and employed people?
This is going to take some real brain power in Washington to try to re-create what we have lost, given away, and dismantled. We need the full cooperation of the banks, the people, the corporations and most of all....the damn cooperation of our do nothing representatives that have been useless for decades. The real weight on a recovery is those bastards in Washington who are running for office 100% of the time while the country is declining now by the hour.
In the meantime they've also managed to separate the people into various camps. So, we need to come together as a people for the good of the country. Wish I wasn't so old. This is a real calling to us all.
If we put our effort into investing in business and re-creating new businesses we may have slight inflation but that's could be a good sign and manageable. The phrase is "managing inflation". On the other hand deflation could really spiral out of control and break the back of the country....so, in my view those are our choices.
This is a time that will be mentioned, in detail, in our history. This is a make it or break it time. We're in a deflationary period now, do we want it to get worse? Everyday well know companies are closing the doors. We cannot continue down this path, we have to take drastic measures and that might mean getting our priorities straight first!
If the Bush tax cuts are renewed and we do not bring troops home those two things will be our first mistakes.
We have a stagnant economy with no place to go unless we create some avenues [employment opportunities] which means jobs. The big question is how do we do that now that we've dismantled almost every entity that created jobs and employed people?
This is going to take some real brain power in Washington to try to re-create what we have lost, given away, and dismantled. We need the full cooperation of the banks, the people, the corporations and most of all....the damn cooperation of our do nothing representatives that have been useless for decades. The real weight on a recovery is those bastards in Washington who are running for office 100% of the time while the country is declining now by the hour.
In the meantime they've also managed to separate the people into various camps. So, we need to come together as a people for the good of the country. Wish I wasn't so old. This is a real calling to us all.
If we put our effort into investing in business and re-creating new businesses we may have slight inflation but that's could be a good sign and manageable. The phrase is "managing inflation". On the other hand deflation could really spiral out of control and break the back of the country....so, in my view those are our choices.
This is a time that will be mentioned, in detail, in our history. This is a make it or break it time. We're in a deflationary period now, do we want it to get worse? Everyday well know companies are closing the doors. We cannot continue down this path, we have to take drastic measures and that might mean getting our priorities straight first!
If the Bush tax cuts are renewed and we do not bring troops home those two things will be our first mistakes.
Where's America Heading?
Unless we forget about politics and start representing our own interests, as Americans, we won't be able to stop the trend. It's unfortunate but most of us don't really know, or have seen, how much suffering is going on in this country and the politicians, all of them, have done quite a job of reflecting all the negatives. We simply don't know the reality and unfortunately we don't seem to realize that we're ALL going to be affected. We're at a point where this nation could go to hell in a hurry and forever.
The American people have really been fed a bunch of crap and too many of us have bought into it. This begs the question, why should men and women fight for a country where their families are suffering at home, some homeless, some without jobs, while we're pouring money into rebuilding other countries, most of them corrupt. Would you spend money you don't have while your family is homeless or doesn't have anything to eat?
It seems to me that it is not only our kids that are not getting an education but all of us as well. Most haven't realized that our government no longer represents us and our damn representatives need to serve a limited time and then go HOME!
We're all fighting each other over policy that hasn't been working for decades regardless of which party is in office. We have a billionaire and a multi-millionaire buying offices now in Florida. One a Democrat and the other a Republican. One has spent over 21 MILLION dollars of his own money...and that's the only reason we even know who in the hell he is..the other owes, supposedly, 1.87 million to a country where he anchored his huge yacht and damaged a coral reef.
So this is what we've become ...a nation where after having made your millions you buy a political office. Is it important...yes, it is because the right person, the one who likely cares cannot run for office any longer.
You may all get pissed off but I'd bring our troops home not only from the Middle East but from other places as well limiting our forces to strictly a killer forces. In other words small but deadly as hell. Then I'd make it crystal clear...you attack us in any manner and we'll exterminate you bastards. Leave us alone and we'll leave you alone. However, no more financial help we're not your Daddy anymore. We need to take care of our own first..
The American people have really been fed a bunch of crap and too many of us have bought into it. This begs the question, why should men and women fight for a country where their families are suffering at home, some homeless, some without jobs, while we're pouring money into rebuilding other countries, most of them corrupt. Would you spend money you don't have while your family is homeless or doesn't have anything to eat?
It seems to me that it is not only our kids that are not getting an education but all of us as well. Most haven't realized that our government no longer represents us and our damn representatives need to serve a limited time and then go HOME!
We're all fighting each other over policy that hasn't been working for decades regardless of which party is in office. We have a billionaire and a multi-millionaire buying offices now in Florida. One a Democrat and the other a Republican. One has spent over 21 MILLION dollars of his own money...and that's the only reason we even know who in the hell he is..the other owes, supposedly, 1.87 million to a country where he anchored his huge yacht and damaged a coral reef.
So this is what we've become ...a nation where after having made your millions you buy a political office. Is it important...yes, it is because the right person, the one who likely cares cannot run for office any longer.
You may all get pissed off but I'd bring our troops home not only from the Middle East but from other places as well limiting our forces to strictly a killer forces. In other words small but deadly as hell. Then I'd make it crystal clear...you attack us in any manner and we'll exterminate you bastards. Leave us alone and we'll leave you alone. However, no more financial help we're not your Daddy anymore. We need to take care of our own first..
Wednesday, July 28, 2010
Well, I'm back.
You know I've been busy with so many different things. I'm happy to link up in New Smyrna Beach my old stomping grounds. Yeah, I am a real Red Neck so I like my cup of coffee first thing in the morning.
There's a lot to talk about. Obama looked like he might bring about some change but I think a lot of us are a little disappointed. I happen to be on the Conservative side of politics but I'm just as unhappy with them. It seems that the Republicans have no ideas and the Democrats no guts!
What a mess we have in Washington. Chew on that for awhile while I gather my thoughts for my kind of people, the locals that is. Who knows maybe the snowbirds will chirp in, you never know.
There's a lot to talk about. Obama looked like he might bring about some change but I think a lot of us are a little disappointed. I happen to be on the Conservative side of politics but I'm just as unhappy with them. It seems that the Republicans have no ideas and the Democrats no guts!
What a mess we have in Washington. Chew on that for awhile while I gather my thoughts for my kind of people, the locals that is. Who knows maybe the snowbirds will chirp in, you never know.
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