How’s this CHANGE working for you now?
Are you feeling STIMULATED?
Isn’t 7000 half of 14,000?
2006 was a good year. October was a good month. I keep waiting for the CHANGE to STIMULATE me. I think I’ll go play with the trains.
I don’t get a lot of change Ric.
Just the odd dollar coin and “shrapnel”. 
Ric Golding said:
How's this CHANGE working for you now?Are you feeling STIMULATED?
Isn’t 7000 half of 14,000?
2006 was a good year. October was a good month. I keep waiting for the CHANGE to STIMULATE me. I think I’ll go play with the trains.
Ric,
We woke up this morning…Life is good
Ralph
Ralph,
Yes Sir, I absolutely agee. Nobody was shooting at me. I had apple pie for breakfast and I didn’t have to reload before lunch. Life is very good.
I’m pleased to report that I’m alive, vertical, and taking nourishment, this fine morning of Tuesday, February, 24th, 2009. If anyone cares; we can still have a wake of some kind, but I assure you that I plan on attending…and in a very “Alive” condition…!!!
Morning Fred.
Top of the morning to y’all.
By 2010, I would guess the Dow-Jones may drop another 2,500 or so before it stabilizes.
The US dollar could loose another two percent. It’s currently down about 96% of buying power since 1913 against gold. China will stop buying our debt.
Unemployment will approach 20% in the US. (It’s double digit in some areas now.)
US banks, auto manufacturing, transportation, health care and the mass media will be nationalized.
We will have a major terrorist attack dwarfing 9/11/01. Violence along our Southern border will rapidly increase, making the Gaza Strip look like an attractive tourist destination.
Brass and lead may become the new currency, if things continue to get much worse.
I hope for my children’s sake, I am wrong.
and now for some news you can use…
Chuck Norris :
An 87-Year-Old’s Economic Survival Guide
–"Get back to the basics. Simplify your life. Live within your means. People have got to be willing to downsize and be OK with it. We must quit borrowing and cut spending. Be grateful for what you have, especially your health and loved ones. Be content with what you have, and remember the stuff will never make you happy. Never. Back then, we didn’t have one-hundredth of what people do today, and yet we seemed happier than most today, even during the Great Depression.
–"Be humble and willing to work. Back then, any work was good work. We picked cotton, picked up cans, scrap metal, whatever it took to get by. Where’s that work ethic today? If someone’s not being paid $10 an hour today, they’re whining and unwilling to work, even if they don’t have a job. The message from yesteryear is don’t be too proud to do whatever it takes to meet the financial needs of your family.
–"Be rich in love. We didn’t have much. In fact, we had nothing at all, compared to people today, but we had each other. We were poor, but rich in love. We’ve lost the value of family and friends today, and we’ve got to gain it back if we’re ever to get back on track. If we lose all our stuff and still have one another and our health, what have we really lost?
–"Be a part of a community. Today people are much more alone, much more isolated. We used to be close with our neighbors. If one person had a bigger or better garden or orchard, they shared the vegetables and fruits with others in need. Society has shifted from caring for one another to being dependent upon government aid and welfare. That is why so many today trust in government to deliver them. They’ve forgotten an America that used to rally around one another in smaller clusters, called neighborhoods and communities. We must rekindle those local communal fires and relearn the power of that age-old commandment, ‘Love thy neighbor.’
–"Help someone else. We never quit helping others back then. Today too many people are consumed with their own problems and only helping themselves. ‘What’s in it for me?’ is the question most are asking. But back then, it was, ‘What can I do to help my neighbor, too?’ I love Rick Warren’s book ‘The Purpose Driven Life,’ and especially his thought, ‘We were created for community, designed to be a blessing to others.’ Most of all, helping others gets our minds off of our problems and puts things into better perspective.
Good advice.
I think the government decided the economic problem came about because we weren’t borrowing enough to live beyond our means, so they took out a 25 grand loan in your name.
Ken Brunt said:Ken, All good, sound advice. But, if you are not making at least $10 an hour.............you CAN'T take care of the most basic needs of your family, like food and shelter. Anybody want to argue the point............try living on $300 a week..........without a paid off home, or a mortgage from 20 years ago. Single, you can probably do it. Family.........not without assistance. And even if you are single.........better not have any health issues. Ralph
--"Be humble and willing to work. Back then, any work was good work. We picked cotton, picked up cans, scrap metal, whatever it took to get by. Where's that work ethic today? If someone's not being paid $10 an hour today, they're whining and unwilling to work, even if they don't have a job. The message from yesteryear is don't be too proud to do whatever it takes to meet the financial needs of your family.
Folks!
Didn’t you get the word?
Today, Ben Bernanke, the head of the Fed, said that the recession was over! Read all about it!
The recession lasted just long enough to put the Dems in power and pass the porckulus bill, the biggest big government spending bill, ever.
Steve Featherkile said:
Folks!Didn’t you get the word?
Today, Ben Bernanke, the head of the Fed, said that the recession was over! Read all about it!
The recession lasted just long enough to put the Dems in power and pass the porckulus bill, the biggest big government spending bill, ever.
Steve,
Let’s not forget the $750 billion “W” looted from the treasury for his pals.
Did you see the interview with Bernake a week or two ago when he was asked about the “books” being balanced at the Federal Reserve?
Talk about squirming and stuttering…eventualy he was able to spit out that they were “in order”.
The Dems were coming to power regardless. W’s “chicken little” speech was just a means to loot the treasury on the way out the door.
Bernake is now trying to slow the landslide he and W started.
Ralph
Then again, Bernanke thinks it might extend into 2010 http://news.yahoo.com/s/nm/20090224/bs_nm/us_usa_fed_bernanke_8
Must depend on if you’re a Republican or a Democrat
SWMBO broached the subject the other day, I recommended reading the latest update from Nouriel Roubini. For those who are still in denial I can also recommend this as a “refresher”. Some of it is quite historic!
By Sher Zieve
The current financial crisis facing the United States of America and the world began with the US home ownership debacle and President William Jefferson Clinton. In 1994, Clinton signed a bill to promote low-income home ownership that Business Week calls "one that argues for creative measures to promote homeownership" for those applicants who did not qualify for fixed mortgages. And these applicants came in droves and were almost always approved — no matter their credit histories or ability to pay. Said "creative ownership" began the heavy distribution of ARMs (Adjustable Rate Mortgages) that ensued. These ARMs began low but, are based on the market. As the market changed, the rates — and subsequent monthly payments for homeowners — rose to rates that the homeowners could no longer afford. Foreclosures on the ARM properties began and, like Dominos cascading onto one another, the current financial meltdown began.
~~~~~~~
As mortgage firms and investment banks heavily leveraged by ARM mortgages started to be adversely affected by the number of foreclosures, the current financial crisis began in earnest.
~~~~~~~~~~~
However, in the worst cut to We the People from the knife of corruption, the very people who created this problem will now be in charge of "correcting" it! Does this make any sense to anyone except those who have received and continue to receive funds from these institutions?
http://www.businessweek.com/the_thread/hotproperty/archives/2008/02/clintons_drive.html
http://www.allbusiness.com/finance-insurance/993847-1.html
http://www.dollarsandsense.org/archives/2007/0507karger.html
http://volokh.com/posts/1216060102.shtml
Let me add this video: http://www.youtube.com/watch?v=1RZVw3no2A4
and this one: http://www.youtube.com/watch?v=Z5z9lD4C2Io&annotation_id=annotation_406054&feature=ivIt’s all Clinton’s fault?! This stuff is funny. I’m happy to give Clinton a share of the blame, but wait, I’m trying to remember. Wasn’t there a guy in between Clinton and Obama? Little guy, kind of talked funny? Massively increased the deficit? Recklessly pissed away money on a pointless war?
Why do you worry about it anyway? Isn’t it all controlled by the deity, who clearly wanted both Clinton and Obama elected, or else it would not have happened?
TO tell the truth Mike, No its not all Clintons fault. It started with Carter.
That funny little guy was able to hold it off untill now and the Big O is just going to make sure he gets done what Carter and Clinton could not. Full Gov take over. I belive its call Socailisam.
Now why is it someone that pays 0 in taxes is going to get 1000.00 dollars back and I who pay taxes is going to get 0 back?
I guess this is what they call trickel up?
So for now I will just hold tight to my bible and my guns.
Thanks you all for letting me vent, no time to read my new GR mag.
The new GR magazine is out? Maybe I could make my RR look like the early chapters of Atlas Shrugged (I just started reading it.).