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Indirects holding at 30%, what are those foreigners seeing?
The question is what chart are you looking at?
Just reading, "Not surprisingly, at 31.29% Indirect interest was the lowest since January, as foreign central banks and investors are dealing with tightening concerns of their own,.." if these foreign central banks and investors are really dealing with tightening concerns, why show any interest?
Cool, pull the plug on grandma with the new Obama care and steal from her retirement. NICE, only Obama could get away with that
Ain't Nature a bitch. What is your solution? This is what happens when accountability is ignored and fraud remains the status quo.
Seems Obama is getting slammed not just for the debt ceiling. Black social activist and university professor Cornel West calls out Obama as being a part of the oligarchy and challenges Americans to rise up like people in Europe and the Middle East are doing. Read here:
Cornel West: faux black intellectual lauded by faux white intellectuals.
Sounds like quite a lot of assumptions you're making about opinions hedgetard55 would have to hold...
Not really. It's an equal opportunity insult.
While I find this statement pretty funny in itself, I think assuming that if somebody thinks a particular liberal "intellectual" is faux, he must be a Michael Steele fan, I'd say you're making an unjustified leap. Perhaps there are better "black" intellectuals?
But even then regardless of your opinion of Michael Steele I'm sure it has to be slightly higher than before since the GOP mainstream has thrown him overboard. He clearly wasn't GOP enough for today's crooks.
Actually, Steele has been sounding more intelligent since he's been getting to know the folks at MSNBC.
I'm not assuming anybody is necessarily a fan, just that he would be a poor example of a black intellectual. I picked him simply because it's extremely difficult to think of alternative black intellectuals, but was pleased Steele worked here whether you're a republican, a democrat, or simply an independent "intellectual" yourself.
but was pleased Steele worked here whether you're a republican, a democrat, or simply an independent "intellectual" yourself.
but was pleased Steele worked here whether you're a republican, a democrat, or simply an independent "intellectual" yourself.
Now I'm confused. Mind elaborating?
A partisan republican would be embarrassed by Steele, which is why he got canned. A partisan dem would be embarrassed to be ridiculed as an apparent republican. And any intellectual would be insulted to be taken as a fan of Steele.
Looks like I missed the target here . . .
For some reason I thought you were all of a sudden advocating Steele. So right, I got you the whole time. Yes steele is a moron.
Although I REAAAAL intellectual wouldn't give a fuck if somebody thought he was a fan of some douchebag. You really can only be in the state of insulted if somebody insults you and you accept it (perhaps out of embarrasment).
Edit: In further reflection, if somebody thought you were a Steele fan, you might just consider them a friggin' idiot.
I was going to comment that it takes one to know one. I amazed at how well intellectuals like him (and Chomsky) can appear so intelligent, yet be so tightly blindered as to not connect the dots. (that they draw attention to!)
As for this attack, West is merely playing to his lefty-land base, trying to influence Obummer and the reelection campaign, while reaffirming his own lefty credentials.
Chomsky is honest, smart & very well versed. I disagree with almost all of his solutions (he inaccurately assumes liberty as more of an untested, impractical ideal than a practical solution), but I almost always agree with his evaluation of problems.
People say similar things about Marx. (I know, personally, a somewhat psuedo-intellectual Black professor) "His predictions are awful, but his critique of capitalism is spot on" Yeah right.
Chomsky is an anarchist. If you believe in liberty & laissez faire capitalism, you are much closer to anarchism than statism.
I wasn't taking a stance, it should be fairly clear from my posts that I am anarchist. I was suggesting your argument was not very convincing because I (likely others) have heard the same thing about many others.
I have a hard time with people bashing Liberty. =)
Very cool. I have been impressed with the professor. One of the few academics who seems to actually think for himself and not just play ball for the blue team no matter what.
Even the educated liberals are increasingly coming to awareness:
It's the credibility shell game. Didn't West support Obama in the last election? Now, to try and salvage his own credibility with his followers he needs to dish out some truth. However, when next election rolls around West will support some other establishment lackey. Later, he'll pretend like he didn't know that candidate was an establishment whore too, and the game will go on and on.
The "left" intellectuals who supported Barry will all start throwing him under the bus the same way those "right" intellectuals (use of that term loosely) were throwing Bush under the bus after supporting him. It's all just mind warfare for the masses to try and convince them that "left" and "right" paradigm exists in the major US political party system.
OK, it sort of begs the question...
"those "right" intellectuals (use of that term loosely)"
Why, pray tell, do you you feel the need to qualify that statement?
I am depressed too. Not a single F*ck was given, either.
Squeezing retirement funds to make ends meet. Gee willikers, isn't that what's going on in Ireland, too?
The Social Security "lock box" was the first to get raped. Why stop now?
in the land of the blind, the one eyed king continues his reign.
all your retirement are belong to us
Just as the deaf economics professor from princeton continues his reign at the printing press despite the screams of the populace who wish to escape this horror...GUNS, GOLD, AND GAS BITCHEZZ!!!
The days of BTFD might be coming to an end after these last 2-3 sessions
Listening to Gretchen 'Reckless Endangerment'Morgenson via NPR right now. Quite a clear discovery of fraud facts and timeline: Regulatory Fails and Active Crime.
This is not the first book to be written about the epic financial crisis of 2008 and neither will it be the last. But Josh and I believe that Reckless Endangerment is different from the others in two important ways. It identifies powerful people whose involvement in the debacle has not yet been chronicled and it connects key incidents that have seemed heretofore unrelated.
As a veteran business reporter and columnist for the New York Times, I've covered my share of big and juicy financial scandals over the years. For more than a decade as an established financial and policy analyst, Josh has seen just about every trick there is.
But none of the scandals and financial improprieties we experienced before felt nearly as momentous or mystifying as the events that culminated in this most recent economic storm. That's why we felt that this calamity, and the conduct that brought it on, needed to be thoroughly investigated, detailed, and explained. The disaster was so great — its impact so far-reaching — that we knew we were not the only ones who wanted to understand how such a thing could happen in America in the new millennium.
Even now, more than four years after the cracks in the financial foundation could no longer be ignored, people remain bewildered about the causes of the steepest economic downturn since the Great Depression. And they wonder why we are still mired in it.
Then there is the maddening aftermath — watching hundreds of billions of taxpayer dollars get funneled to rescue some of the very institutions that drove the country into the ditch.
The American people realize they've been robbed. They're just not sure by whom.
On "Fresh Air"
The American people have been robbed.
They have even lost control of their own country.
Brought to you by the hand they broke free of in 1776.
Robbed? Past-tense? Come on, The Robbery continues on an hourly basis here & now, it has not ended nor will it end until the robbees are broke. For Gretchen & Josh to say its over is to lose all credibility, I hope they clarify their viewpoints.
Still trying to figure out how this works exactly. So if the Treasury raids retirement funds to pay for day-to-day operations, and if the debt ceiling isnt raised, wont that basically make every retiring federal worker screwed beyond belief?
No. Congress will raise the debt ceiling instead of making hard decisions. When the limit is raised, by law the pensions will be reimbursed.
and the taxpayer rape continues...
As if that money was ever there in the first place....bwahahaha! See Social Security
It was there to bail out the banker-gangsters. And it's there whenever the call to slaughter more Black and Brown people.
So you're being pretty selective, aren't you, in declaring it gone.
All it is is digits in a computer, nothing real. You could not go get it out of a bank...and I don't know about slaughtering any brown or black people, (how that has anything to do aith this I do not know), but i do know that the only money the gub'mint has is money it reallocates from its citizenry. As i said see social security, there is no lockbox and it cannot be disputed that a bunch of IOU's (bonds) exist in a filing cabinet somewhere in West Virginia saying we will give back the money by taxing more or creating more 'digits' on a computer to pay these obligations. Ever wonder why everything is encouraged to be direct deposit and debit cards have become the norm? Because not even a fraction of all the money the Fed and the banks have created exists outside of the virtual world. There is no physical currency to speak of its all digits in a computer at the Fed.
You can say the money isn't there all you want. You can say that it's just blips on a computer screen.
But those blips buy the drones and the missiles landing on the heads of people living in Palestine and Pakistan. Funny how those blips turn to real assets when they're really needed.
When they are really needed?! We really need to bomb countries already in the stone age even further to the stone age? The only reason people accept the dollar is because 12 army divisions and 12 carrier groups stand behind it...I know I served for 10+ years and went on missions that still are not known to have happened by most people in the public today. The only reason they are real assets is because the military stands behind making those dollars real assets so we can participate in sh*tty wars in sh*tty places we have no business being in! Pray do tell me what happens when the kingdom of saud no longer accepts dollars for their oil? A lot of good all that fire power is when it can't move around globally. The world accepts dollars at the point of a gun. As far as Palestine is concerned I don't remember handling any business in that hell hole...I think Israel has that covered pretty well, Israel can handle their own business it hardly needs to rely on us. Don't start with that foreign aid bullsh*t either because we give the palestinians more than we give Israel in $$$ every year. The difference is the Jews made the land productive and made the country productive, if we cut off aid they would still be fine. As far as Pakistan is concerned when China came out and said the US must respect Pakistan's borders and sovereignty this last week, they were not just sabre rattling. Yeah those blips on a computer screen are only worth what the world thinks they are worth. Our biggest creditor China has been reducing its holdings steadily every month. Soon you will see that the world has little appetite for the biggest ponzi scheme ever perpetrated on them.
They can have an EBT card, Section 8 housing vouchers and medicare/medicaid/obamacare for being stoopid enough to trust da gub'mint to provide for their retirements...BITCHEZ!
Is there a chart of raided retirement funds to date? Some kind of graph that shows the IOU to the retirement "lock box"?
We know for sure they raided $35 billion today for a bond auction
I'd like to see it in graph form so I can guesstimate how long before 401k's are "nationalized". If I remember correctly, there is about $5 Trillion in 401k accounts. So given that I would guess about the same amount in the federal retirement accounts? So at say $120 Billion/month burn rate, that's 3-4 years the government can run raiding public retirement accounts before nationalizing 401k's. Sound about right?
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