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I thought Bush was simply trying not to smile as a "cunning plan" unfolded rather than being perplexed when the 911 attacks unfolded. Perhaps I best brush up on my 911 report, seems I have been reading too much alternate media. :)
its well known that Bush had the goat book upside down
go back and look at the video of that day
notice....the cover of the book is a united states flag, and with the book upside down is the universal distress call
plenty obvious in any pictures you can find of that day
methinks cheney, not baby bush knew what was going down
had plenty of airplane time after that also....flew all over the place in fact
plenty of time for his handlers to get him on the same page
Yes, the book was upside down. And a poster on the wall right next to W said, "Reading makes a country great."
And yet, some people still insist that the universe is not ironic.
instead of using "cunning plan" can we please use "cunning stunts" please!
... let's leave the verbatim to the other readers to toss around the order and sound of the words ....
Let's not forget the smaller but more explicit and truly appalling bailout of the banks and airlines when the Fed wrote checks for 7 digits to families of those who died on 9/11 as hush money (keep the courts clean and odor free). I feel bad for the families but who will write my family a check if I get shot or hit by a drunk driver? Maybe it was the expedient thing to do, but it didn't sit well even in the heat of the moment when I heard about it. Above and beyond that, they just jammed money into those industries directly also. And then there were those put options on the airlines taken out a few days prior to 9/11. Those were probably taken out by some Arabs (Osama bin Goldman Sachs). Jeepers. Every time I finish a little rant I just wanna go buy ammo.
I think Sack would say "those grannies should have bought Netflix"
I agree with what you say. But . . .
"Not only could this be thought of as a bank bailout, but also as a stimulus that we never got. And it would work better because it would change expectations. Savings would increase." the Bernank and TPTB want us to consume, not save. That's the point of their medicated wealth effect. They could have wanted us to save/invest, but really, they want us to spend/consume.
The Bearing is very unhappy with having to pay for the bailouts. Even more, I would feel like a thief if I HAD gotten any of the dirty money.
I do think that in the end, the savers and the prudent will win. The thieves and the lazy will get their just deserts. So much money, frittered away for the benefit of so few. Argh.
Give it back, bitchez!
"The attacks caught him off guard and interrupted his reading ofMy Pet Goat"
- Er, back in the land of reality, i think you'll find that those crooked criminals the Bush family inbreds knew what was occurring on September 11th 2001 way before it was due to happen.
...and he can't read.
What do you mean....Baby Bush has a BA from Yale and a MBA from Harvard.Obviously then, he is highly educated and of course, of above average intelligence and dilligence to have achieved such.
Thomas, I saw your post got 2 junks and I had to jump in.Dubya of course, is/was a moron who obviously got where he was on his fathers standing (and I'll stand by that unless a bevy of professors chime in to say.... "oh no, george was a real bright spark at college... don't let his subsequent buffoonery mislead you ")
Shame on Yale & Havard for giving that dunce a degree. Congress should haul their administrators up for questioning instead of Whitney.
And any pussy that junks anonymously deserves to eat s.. and die.Seriously, if you disagree, at least make the effort to compose a few coherent lines stating your case. Hitting the 'junk' button and then moving on is the ultimate weeny cop out.
"But, taking money and opportunity away from savers and investors to give to banks and borrowers destroys value and creates pension shortfalls."
I am still amazed that so many intelligent people cannot see the m0st obvious of things: The reason for the above quote is....THAT WAS THE FUCKING PLAN MAN!
Seriously...why do so many people engage in this economic jujitsu in attempting to understand the choices Bernanke has made? Because they are deluding themselves into believing that this motherfucker has the best intentions of the nation or the people in mind . HE DOES NOT. HIS JOB IS TO FACILITATE THE THEFT OF THE NATIONAL TREASURE FOR THE PRIVILEGED FEW. Until you wrapped your Ivy League brains around this simple reality, you will contort yourself into paralysis trying to find the "good" logic to what he's doing.
FEW? That's not how you spell JEW.
Your hate comes across loud and clear. Your thinking, not so much.
Folks, this is how Hitler rose to power. Are you ready to elect another Hitler? Or would a few more years of pain and privation about do it?
I think if that election came to pass even Diebold Election Systems wouldn't be able to 'fix' things.
Hey, this is good.
On one hand we have some passionate folks stating their case.And we have a few junking them in anonymity.
That about says it all.There's players, and then there's coward couch potatoes.
i like to pet my goat. when it doesn't matter, how i'd like not to say.
remember building seven before you declare this ponzi scheme is dead. amen.
I had a huge payroll to meet and I didn't have enough for everyone because the bank paid shit for interest. Therefore I took the payroll money to the big crooked casino and gambled like a pshycho until it was all gone.
everything is just a scam & a fraud since we were deindustrialized DELIBERATELY by WALL ST. & WASHINGTON ......... there's no real legitimate way to "make money" anymore in this country ! ....... who's damn idea was this anyway, ROBERT RUBIN'S ? Sounds like the typical "banker scam" of making money off of money ! It's all about usery . .......... typical from ___ bankers (you fill in the blank, if I type in that word, I'll be junked ) . .......... it's time this ends, this usery shit. Now, they've got the whole U.S. & EUROPE deep in debt, just what they want. Our young people are in debt, the 30-50 year age people are deep in debt for over-inflated homes that are worthless when we go into hyperinflation ............ just like in 1929 they've ruined this country. WE NEED TO TAKE THEIR DAMN BANK CHARTER AWAY & GET RID OF THE FEDERAL RESERVE BANK .................. LIKE ANDREW JACKSON DID ....... WHO'S THE MAN WITH THE GUTS TO DO IT !?
Maybe we need a woman to do it.... ; )
Trimmed Hedge. What a great pseudonym! If not, your parents were a funny pair.
I am also intrigued. I hope all the mild objectification of women doesn't turn you off too much. Guys have to be guys you know. Robo doesn't put up any jigglers anymore. Probably out of respect for the women hedgies.
Ron Paul...if enough American stand behind him.
People notice losses but fail to notice the loss of a potential gain. Economically missing out on an opportunity.to gain $500 is equivalent to an actual loss of $500. This is how politicians and others cheat the people. There are a lot of hidden subsidies out there and the people paying those subsidies rarely notice. I hope you continue to point these out. Increasing interest rates would likely have worsened deflation and the economy but we should never hide who is getting hosed even if we grudgingly.agree with the policy.
Another hidden bank subsidy is fannie overpaying on foreclosed houses as one poster who works in bank repossessions pointed out.
If you were to ask Ben Bernbanke if he is a collectivist (or socialist/communist), how would he answer?
Affirm the truth, deny it, or admit it only in a state of drug induced dementia.
Or claim that he is a kleptocrat?
"In the absence of a gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good and thereafter decline to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as claims on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to be able to protect themselves.
This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."
The above was said by Alan Greenspan, 'Gold and Economic Freedom' in 1966.
"The attacks caught him off guard"
"The attacks caught him off guard"
lmao! That's a good one. "But my lil bro Marv handles the security for the Dulles Airport and the WTC complex... Gee Whiz!"
So why fight the Fed? Instead, do what they are rewarding...
I've gotten at least a dozen offers for credit cards with zero interest rate for the next seven up to eighteen months. I say run those fuckers up. Buy a ton of physical precious metals. Get all the underwear and shirts you'll need before the huge increases in cotten prices. Buy yourself several sacks of wheat and rice. And then pay off the cards in seven or in eightenn months by selling a portion of your PMs for BennyBux after they've gone all Weimar like. The book _The Dying of Money_ really points out that this was the winner plan when the hyperinflation hit.
I like your style. I have a couple of new Chase cards I've been using to load up on silver.
Thanks for helping me finance your assraping on your short position fuckers!
The Fed is there to provide lender of last resort function and thus liquidity to the financial system. The Fed only maintains its credibility if it supplies specie that retains it's value. If the liquidity that the Fed supplies to the banks was returned to the Fed it would not debase the currency.
The Fed also buys paper from the banks, and from the Federal govt. The Fed should see that money returned.
Unfortunately, for the last several decades the banks and the financial institutions have seen their taxes decline. And since finance is a big part of most large businesses, and all have seen their taxes going down, the money is not getting returned to the Fed. This is inflationary.
If the American people would pull their collective heads out of their asses, and insist that the rich pay more taxes, the dollar would retain it's value, inflation would be contained, and the Fed and the federal govt. would have some credibility to help out in a crunch.
We've been brainwashed by the Chicago boys. And Laffer/Reagan/Bush/Limbaugh/Hannity et.al....
Another article about rising short term interest rates. Looks like the ground is being prepared for a rise in short term interest rates.
It will be interesting to see what a 100 basis point rise in funds rate does to the 'house of cards' economy. Blow it up completely is the likely answer.
After all, last summer's absence of Fed stimulus had the world staring @ the abyss and Bernanke hustling up some QE applesauce.
Bernank will have to add more billions in QE to offset any rise in rates, accelerating the rise in rates requiring more QE increasing rates some more requiring even more QE, etc. etc. etc. It all blows up in the end, or the Fed is acknowledged to be irrelevant in which case it all blows up in the end.
instead of using "cunning plan" can we please use "cunning stunts" please!
Q. What do a band of pygmies and a women's track team have in common?
A. The pygmies are a band of cunning little runts.
is this the bald guy who works for GMAC?
probably, but about a million years ago, and i think he needs a more flattering picture
Speaking of stealth bailouts, let's not forget all the special waivers the banks and car companies received so they could keep their massive tax loss carry forwards, which under normal tax laws would have been written off. Maybe $200 billion worth, if not more.
Raising the deposit rate could give money to savers, it's true, but many people have no savings, only debts. Raising rates would bankrupt them. I have no problem with people defaulting and stiffing the big banks and credit card companies. I'm single so I would happily declare bankruptcy and move on, but if I had a family and a mortgage I know I'd have to think twice.
And yes, the whole plan is to destroy the working and middle classes. Robbing pension funds is an important step to making sure that granny will take that factory job for $1 a day so the US oligarchs can compete with China.
agreed. i too think the current policy is wrong and short-sighted. instead of letting those who made bad decision (spending too much, borrowing to much money) fail, of course orderly, savers who behaved right get srewed. however you have a point and i totally agree, that if rates are raised to "normal" level that would bankrupt half the us. income and cash flows are just to low to serve the huge amount of debt. on all parts of society and the economy (households, firms, states) rising rates would have a devastating effect.
and you know what i am really worried abot? bottom line, both ways it is going to get pretty ugly. one way or the other.
One thing I have always found amazing, and disappointing is this: of the tens of thousands of investment options in the market, not a single one guarantees the real purchasing power of your investment after inflation and taxes, not even Social Security. Think about it. The preservation of purchasing power is probably the most important thing that savers are interested in. Yet from all the self-proclaimed genius, talent, and expertise among those in the financial industry and government no such basic investment option emerges (the closest thing I can imagine to it is holding TIPS in a Roth IRA). And the experts wonder why so few people save. It makes me wonder why people in the financial investment industry are always so f$^&ing proud of themselves. If retail investment options were cars, the best of them would be a Yugo.
You foolish liberal wanker. Bush wasn't sitting there "perplexed".
Rather, because it was clear that USA was under some sort of attack, the protocol is for the president to stay right where he is until it's safe to leave.
Our presidents have an obligation to stay personally safe during an attack on the USA and when the president is on location, that location has been pre-secured for the visit.
Compared to getting in the motorcade and driving off, staying put is safer - at least until additional security reports come in.
I really get tired of explaining things to idiots...
Thank (deity of choice) that Dubya survived to carry us to "mission accomplished".
Nevertheless, I suspect the country would be better off if more presidents went down with the ship.
Well, the first paragraph is where I stopped reading. The author is delusional.
You got to be living in a cave to believe Bush wasn't involved in this thing.
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