No problem. Just promote baby making. Let your (grand)children pay off the debts. Come to think of it, perhaps that is why there was babyboom...?? haha
On second thought let's return to the gold fetish. bawahaha Harry ----- Original Message ----- From: R C Macaulay <[email protected]> Date: Wednesday, January 21, 2009 11:04 pm Subject: Re: [Vo]:Wikipedia, cold fusion, and censorship > Further to big D's > . Over the past 25 years the Gov't, States, Cities, business and > people have been on a spending spree financed mostly by bonds. An > estimated 150-300 trillion in bonds have been sold. Where did the > money go? a third of it went to fees and commissions, lawyers, > Insurance firms, etc. Who received these fees? principally the > investment bankers like Merrill Lynch, Goldman Sucks and everybody > else on earth with a spoon or soda straw.. That is 100 trillion > bucks in cream sucked off the top, > When you look at the building boom the past 25 years you can tally > the cost of construction.. 100 trillion plus .. that does NOT count > the home building craze.. that's another 70 trillion. > > Where did all this wealth come from to buy the bonds? The total > wealth of the nation is only a fraction of this amount. > There wasn't enough money .. so.. the gov't allowed the investment > bankers to "conjure" an illusion of worth called a derivative.. > > The Fed was in on it, the major banks and investment bankers > worldwide were in on it.. It never was a secret .. it was a way to > keep the good times rolling.. Like a ponzi scheme or a pyramid > club.. everybody knew it would end someday. 700 bil plus 850 bil > wont cure it.. not even 10 trillion will cure it.. why? because > once the trust is gone.. it's like playing monopoly.. when the game > is over.. everyone recognizes the money was monopoly.Look at where > the world is putting their money.. in US treasuries at zero > interest. not in the stock market. The stock market is now being > used to "launder" Dark Pools and hedge hedge funds. > > There is NO trust or confidence in the financial system, which is > why the stock market is being gamed every day and why Obama has a > problem that he can't solve and why wise heads recommended the > gov't let the investment banks fail because they will fail anyway > regardless. It would only take about 20 trillion in soap and bath > water to revive the economy.. if it were spent on the economy.. it > wont be.. it will be spent on social welfare which will prolong the > day the bottom falls out and nothing can fix it. > http://thehill.com/dick-morris/the-obama-presidency--here-comes- > socialism-2009-01-20.html > Richard > > > Howdy Jones, > Since not even the people that invented derivatives can explain > what they are.. and .. since they are not actually carried on any > ledger, how would a bank evaulate a big D? Unless.. well.. err.. > that's the purpose behind them. > There is some 350 trillion( nobody knows how much more) in > derivatives ( big D) floating around the world cesspool. A big D is > not even a piece of paper, it is an illusion created for the > purpose of making a lender believe there is an underlying asset > keyed to some debt instrument. Richard > > > Richard, > > What are the objections of the New Admin prohibiting all > publicly traded banks and corporations from owning or trading > derivatives? > > > > > > > -------------------------------------------------------------------- > -------- > From: R C Macaulay <[email protected]> > > > Like illusionalists, Dubai and many so called sovereign wealth > fund nations, are composed of smoke and mirrors like Enron. Come > payday and the response is 'no sabe'. > Perhaps the largest magician of all is Merrill Lynch. They > passed themselves off to BoA as pure cherry pie. Not even the Fed > can grasp the depth of the tangled web at ML when they stopped > counting at 40 trillion dollars of exposure . > > For example, Enron bought two rusty barges and formed a > "offshore floating crude oil storage "facility" near Nigeria. ML > showed Enron how to "magically count" the two barges as a series of > "fleets". The leadership at Enron got so caught up in the illusion > that they began to believe the magic themselves. Most investment > banking firms on earth started doing it. Now, nobody is sure how > much is out there and nobody at the Fed really wants to know > Any attempt by the Fed to "translate" a big D into some type of > asset requires that the Fed assign it some value. The minute the > Fed assigns a value, the Fed has to buy it. > BO should enjoy his day in the sun before the rain.. > Richard > > > >
