It turns out that paulson did divest his goldman stock when he was appointed sec. of treas. But he did make a haul at goldmans while setting up investment instruments which later ruined the company. http://www.rense.com/general83/deathof.htm

When are the American voters going to realize we need TERM LIMITS for these guys in Congress. They do what  THEY want not what we Americans want.

Special interest and the graft they get from it is all that matters. Vote for every new person on the ballot! Get these people who are in politics for 20, 30 and 40 yeas OUT!!!! but please realize Obama will give even more of the store away. How much more do you want to be taxed? When are we going to stop the influx of people coming over the borders? Where the hell is the fence they promised to build?

Quite frankly I am sick of all of them and hope everyone else in this country is too. It's time to throw the tea in the harbor - I guess history does repeat itself! Let's get them OUT!!!!!!!

Excellent post Beaugsd.  We need to vote em all out and do as you suggest, TERM LIMITS for all.  Webtsre Tarpley has proposed a "street level" solution for our current economic woes.  His solution strikes at the root of the problem, an unconstitutional, deceptive, slight of hand, fractional reserve fiat baking system which is privately owned, mostly by foreign banksters who issue our money as paper notes from themselves and charge us interst to use our own money as loans only.  We need to get control over the money system and take it back, make it owned by the people of the USA, not the foreign banksters of opium wars fame.  Read up on the opium wars and come to your own conclusions about these folks:

http://www.rense.com/general83/feddd.htm

 

Too late to vote them out.

Audio from X Military Officer & Saavy economist Bob Moriarty.   Predicts 10 days to total economic collapse due to $596 Trillion  Derivatives market Exploding,  along with 9000 Hedge Funds. Serious isnt the word.

http://www.kereport.com/audio/1004-04.mp3

 

PAPER: 'We risk a disintegration of global finance within days'...

Germany takes hot seat as Europe falls into the abyss

We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars.

Telegraph UK

Ambrose Evans-Pritchard
Last Updated: 11:05AM BST 06 Oct 2008

Photo: REUTERS

Investors will learn today whether the Paulson bail-out - fattened to $850bn (£480bn) by Congress - can begin to halt the death spiral in the credit system. So far, the response looks terrible.

Germany is now in the hot seat. The collapse of a rescue deal for Hypo Real Estate on Saturday threatens a €400bn (£311bn) bankruptcy that nearly matches the Lehman Brothers debacle for sheer scale.

Chancellor Angela Merkel has been forced to pull her head out of the sand, guaranteeing all German savings, a day after she rebuked Ireland for doing much the same thing. Reality intrudes.

During the past week, we have tipped over the edge, into the middle of the abyss. Systemic collapse is in full train. The Netherlands has just rushed through a second, more sweeping nationalisation of Fortis. Ireland and Greece have had to rescue all their banks. Iceland is facing an Argentine denouement.

As the unflappable Warren Buffett puts it, the credit freeze is “sucking blood” out of the economy. “In my adult lifetime, I don’t think I’ve ever seen people as fearful,” he said.

We are fast approaching the point of no return. The only way out of this calamitous descent is “shock and awe” on a global scale, and even that may not be enough.

 

Ugly - serious question for you.

Leaving aside the survivalist aspects, where have you been reallocating your assets other than gold? I get the impression that you don't feel that even t-bills and t-bonds are safe at this point - am I right?

Read an article by Paul Craig Roberts, asst. sec. of the treas under reagan and father of the term reaganomics. 

http://www.prisonplanet.com/a-futile-bailout-as-darkness-falls-on-america.html

 

Good post Beaugsd. Although I think voting isn't getting us anywhere, obviously this government doesn't care what the people say.

 

Keep faith..Im not an investment advisor. I had a Series 6/7, worked on Wall Street a few years & have been in the mortgage business the last 12 years.   Ive also devoted every waking hour to what we are facing from some saavy people that have had experience in foreign governments, collapses, what have you. That said:

Its all about survival now & preservation of capital.  Ive been bullish Gold & Silver over 3 years now and Ive beat  about every Fund Manager, in that time,  by being long.  Personally I own  gold/silver & some currency (Swiss Franc, British Pound, Japanese Yen) & have had little exposure to the market in the last 3 months.   

Far as gold: certificates (GLD, SLV) at the exchanges and physical.  I prefer physical at this point, but there is no distribution now for the most part-through the mint,  on most of it.   The exchanges manipulate prices or have up to now, so youll pay a much higher premium than spot price quoted via exchange.  

I like all commodities, as does Jim Rogers & many investment experts.  Most commodity funds & energy trusts should be ok & hopefully will withstand this fiasco.  But we are entering unchartered waters.

Gold, Silver will explode. Though it is typically used as a Hedge against inflation, not for cap gains per se. Its a safety bet.  We know now where the smart money is going.     Real estate is a safe investment over time & will at least maintain a worth, our dollars likely will not.     I expected gold to decline for a short while due to the bailout and then come back with a roar, but looks like it has other ideas and is up strongly today.  (Id also suggest a vest & ammo just in case.)

I wish everyone here the best.    I think we will need to rely on one another and will get through this. But people must look out for one another & be prepared. Preparation is the key.  Shelter, Water, Food, Heat & Protection. Take appropriate measures now.

 

Bloomberg Markets June 2008,

Steve Matthews

The event was a 2002 conference at the University of Chicago to celebrate the Nobel laureate Milton Friedman's 90th birthday. When Ben S. Bernanke rose to speak, he said that the Federal Reserve, of which he was then a governor, had come around to Friedman's view that the central bank's blunders were to blame for the Great Depression. "We're very sorry," Bernanke said, prompting laughter. "But thanks to you, we won't do it again."

Hyperinflationary USA? Short U.S. Bonds and Buy Silver By Jared Irish, Archer Financial Services

Every fiat currency system throughout history has eventually collapsed. Since the early 19th century we have seen over 30 currencies meet their death through hyperinflation. From the Roman Empire, to Greece, to Germany; and now, today the Zimbabwe government has achieved 2.5 million percent annual inflation. This hyperinflationary expansion of money supply usually involves governments facing war, economic depression, and political upheaval. Today the United States is facing all three. In the face of the credit crisis they have already bailed out several of the world's largest financial institutions. Given current economic conditions, experts predict thousands of banks will soon be on the line as well. The Federal Reserve is just getting warmed up in its efforts to crank up the printing press in its efforts to bailout the financial system. It is now, more than ever, looking like the US dollar will be the next to collapse. Investors should take action now if they want to profit and protect from the crisis at hand. The Federal Reserve is stuck in a situation where if they allow the money supply to contract it will collapse the US economy. Given recent actions of the Federal Reserve, it seems as if they are willing to do anything ...even suffer severe inflation to prevent this. They will likely choose an expansionary policy, bailout programs, and clever financing to bailout the system. We are only in the initial stages of the credit crisis, and so far they have used taxpayer wealth to bailout Bear Stearns, Fannie & Freddie and AIG. Now they are making plans to use taxpayer's wealth for another $700 billion reserve. And from previous experience, we all know that when the Fed says it will be 700 billion, it most likely will be substantially more. The International Swaps and Derivatives Association have announced that the credit default swaps contracts now total $62 trillion, up from $34.5 trillion a year ago. Even 5 percent of this market would amount to $3.1 trillion.

The mainstream media and the US government continue to say that the worst is over. There is nothing to worry about. Should you believe them; or should you be asking yourself "who will be next?" There are many more financial institutions facing serious problems, including Citigroup, UBS and Washington Mutual. Some estimates for the number of financial institutions to go bankrupt over the next couple of years is anywhere from 500 to 2000. Respected investor W. Scott, owner of an equi « Previous 1 2 3 4 5 … 8 9 10 Next » ← Back to Main Search forums   Contact information  Disclaimer  Privacy Statement  Copyright Information  Terms of Service  Cookie policy  ↑ Back to top  Tools Signup Login Latest posts PDB HAS A PROGRAMMING PROBLEM Registering a new Dog TUTORIAL: PDB RULES, WARNINGS, REASONS, ANSWERS What does a typical day with a/your working puppy? IABCA - International All Breed Association is not a legit site for working dog titles TaylorMade K9, Tristian Taylor- AT IT AGAIN/STILL Latest classifieds 10 months all black excellent dog Top sable male from SG4 BSZS E-Ali Giovanni von Marker Spiel 4x IPO III Puppies Outstanding Working Line Puppies Black female show bloodline, DM N/N Extras Dog Names