Alliance of People who do not Insult other Democrats.

Taking the Loss, Recapitalize the Gain

griffith — Mon, 06 Oct 2008 16:37:49 EDT

An Economic Reconstruction Act

Our economy needs reconstruction, not just stabilization.

I am hearing from policymakers that the Stabilization Act is just the first step to economic recovery. This just means that the recovery phase of the cycle is being hastened. The problem will be kept intact to cycle into crisis again, and again. That needs to change.

Keyser Soze Heists Main Street Out of $700 Billion

Rob-33704 — Mon, 06 Oct 2008 16:31:17 EDT

The Market Oracle says:

"The greatest heist in history took place on Friday when congress was CONNED into signing away $700 billion accompanied by SOME $120 billion of pork.

The Usual Suspects, Paulson, Bernanke and Cox (the Chair of SEC) over the last 10 days have proceeded to spin their verbal scare story to both the Democrats and Republicans into joining forces to hand over a ransom of $700 billion in the form of a blank check to the aid bankrupt banks to off load losses onto the US tax payer."

Wall Street hits 5-year lows

Rob-33704 — Mon, 06 Oct 2008 16:03:25 EDT

CNN reports:

NEW YORK (CNNMoney.com) -- Stocks skidded Monday - with the Dow, S&P 500 and Nasdaq falling to nearly five-year lows - as credit markets seized up and European governments' rush to prop up failing financial firms underscored the global reach of the credit crunch.

Poll finds 6 of 10 believe a depression is somewhat or very likely - seeing 25% unemployed and millions homeless and hungry.

Rob-33704 — Mon, 06 Oct 2008 15:00:51 EDT

CNN Reports:

"The CNN/Opinion Research Corp. poll, which surveyed more than 1,000 Americans over the weekend, cited common measures of the economic pain of the 1930s:

25% unemployment rate
Widespread bank failures
Millions of Americans homeless and unable to feed their families
In response, 21% of those polled say that a depression is very likely and another 38% say it is somewhat likely."

Federal Reserve doubles to $300 billion the amount it will loan banks. Loans could reach $900 billion by end of year.

Rob-33704 — Mon, 06 Oct 2008 14:53:45 EDT

CNN says:

"Experts said the moves by the Fed were an acknowledgement that many of the nation's leading financial institutions may not be able to wait until Treasury sets up its program. "

Really Real Negative Rates

griffith — Mon, 06 Oct 2008 12:53:10 EDT

A couple of months back I told you about our economy in a state of real negative interest rates in which a dollar invested in treaury bonds yields a negative rate of return with inflation.

For the past few years, as I have pointed out to you, technical analysts have observed yield inversions, where short-term rates (the over-leveraged demand on credit that is now illiquid) exceed long term, indicating the high probability of a recessionary trend, that we are now experiencing, largely due to over-leveraging of capital and the resulting low-to-no growth.

When the music stops, and the allowable 1/30 leverage ratio must be paid by the "system," no one wants to be stuck with the toxic-waste (the bad debt) it produces, which has now been devolved to the taxpayer with a regressive tax code by public authority (state capitalism, not state socialism).

Who The Heck is Neel Kashkari ?

Rob-33704 — Mon, 06 Oct 2008 12:00:13 EDT

Mr. Kashkari....was responsible for....developing and executing the Department’s response to the housing crisis, including the formation of the HOPE NOW Alliance, the development of the subprime fast-track loan modification plan, and Treasury’s initiative to kick-start a covered bond market in the United States.

That certainly makes me feel a lot better - NOT.

McCain's New Attack Ad - Guess Whose Photo is Repeatedly Plastered Next to Barack's

Rob-33704 — Mon, 06 Oct 2008 09:36:45 EDT

That's right - Nancy Pelosi.

I wonder what the subliminal message is ?

Controversial voters purging...

Gretchen — Mon, 06 Oct 2008 01:08:56 EDT

CBS reported that there is a lot of voters that are being purged for suspicious reasons... Watch this... it is scary!!

To me cheating is treason-- anyone who is caught doing this needs to be prosecuted to the fullest extent of FEDERAL LAW-- maybe sent to Gitmo...

http://www.youtube.com/watch?v=rRfJtnfQDgg

Story about Obama helping a woman 20 years ago....

Gretchen — Sun, 05 Oct 2008 21:28:46 EDT

A breaking story about how a kind, quiet man stepped in to help a new bride get back home. This comes as no surprise to those of us who respect this man and want to see him elected.
Blogger Leisha has posted a translation of the original story first published in a popular Norwegian magazine.
The Story:

Obama Story, Norway
Mary lacked money to fly home to Norway â€" Barack Obama saved her love
ÅSGÅRDSTRAND (VG): Mary was a newlywed and ready to move to Norway, but was stopped at the airport because she didn’t have enough money for the trip. Then a stranger turned up and paid for her.
Mary Menth Andersen was 31 years old at the time and had just married Norwegian Dag Andersen. She was looking forward to starting a new life in Åsgårdstrand in Vestfold with him. But first she had to get all of her belongings across to Norway. The date was November 2nd, 1988.
At the airport in Miami things were hectic as usual, with long lines at the check-in counters. When it was finally Mary’s turn and she had placed her luggage on the baggage line, she got the message that would crush her bubbling feeling of happiness.
-You’ll have to pay a 103 dollar surcharge if you want to bring both those suitcases to Norway, the man behind the counter said.
Mary had no money. Her new husband had travelled ahead of her to Norway, and she had no one else to call.
-I was completely desperate and tried to think which of my things I could manage without. But I had already made such a careful selection of my most prized possessions, says Mary.
Although she explained the situation to the man behind the counter, he showed no signs of mercy.
-I started to cry, tears were pouring down my face and I had no idea what to do. Then I heard a gentle and friendly voice behind me saying, That’s OK, I’ll pay for her.
Mary turned around to see a tall man whom she had never seen before.
-He had a gentle and kind voice that was still firm and decisive. The first thing I thought was, Who is this man?
Although this happened 20 years ago, Mary still remembers the authority that radiated from the man.
-He was nicely dressed, fashionably dressed with brown leather shoes, a cotton shirt open at the throat and khaki pants, says Mary.
She was thrilled to be able to bring both her suitcases to Norway and assured the stranger that he would get his money back. The man wrote his name and address on a piece of paper that he gave to Mary. She thanked him repeatedly. When she finally walked off towards the security checkpoint, he waved goodbye to her.
The piece of paper said ‘Barack Obama’ and his address in Kansas, which is the state where his mother comes from. Mary carried the slip of paper around in her wallet for years, before it was thrown out.
-He was my knight in shining armor, says Mary, smiling.
She paid the 103 dollars back to Obama the day after she arrived in Norway. At that time he had just finished his job as a poorly paid community worker* in Chicago, and had started his law studies at prestigious Harvard university.
In the spring of 2006 Mary’s parents had heard that Obama was considering a run for president, but that he had still not decided. They chose to write a letter in which they told him that he would receive their votes. At the same time, they thanked Obama for helping their daughter 18 years earlier.
In a letter to Mary’s parents dated May 4th, 2006 and stamped ‘United States Senate, Washington DC’, Barack Obama writes**:
‘I want to thank you for the lovely things you wrote about me and for reminding me of what happened at Miami airport. I’m happy I could help back then, and I’m delighted to hear that your daughter is happy in Norway. Please send her my best wishes. Sincerely, Barack Obama, United States senator’.
The parents sent the letter on to Mary.
This week VG met her and her husband in the café that she runs with her friend Lisbeth Tollefsrud in Åsgårdstrand.
-It’s amazing to think that the man who helped me 20 years ago may now become the next US president, says Mary delightedly.
She has already voted for Obama. She recently donated 100 dollars to his campaign.
She often tells the story from Miami airport, both when race issues are raised and when the conversation turns to the presidential elections.
-I sincerely hope the Americans will see reason and understand that Obama means change, says Mary.

Sarah Palin addresses the Alaska Independence Party....

Gretchen — Sun, 05 Oct 2008 21:08:33 EDT

If Barack had done something like this his campaign would have ended before it began... AND SHE did this in 2008!!!!

http://www.youtube.com/watch?v=7Re0vmbtHK8

She is making up things about Barack's character-- She only needs to look in the mirror if she wants to see poor poor character and terrible judgement!!

Hey Sarah-- Can you see reality from Alaska???

59% of voters would like to throw out all members of congress and start over again.

Rob-33704 — Sun, 05 Oct 2008 20:48:11 EDT

59% of voters would like to throw them all out and start over again.

Only half (49%) believe that the current Congress is better than individuals selected at random from the phone book. Thirty-three percent (33%) believe a randomly selected group of Americans could do a better job and 19% are not sure.

To all those Joe six packs playing a drinking game.... Maverick

Gretchen — Sun, 05 Oct 2008 13:37:42 EDT

If you want to start your Sunday morning off with a great laugh and like me I am in bed before SNL comes on-- WATCH IN NOW!!! I almost fell on the floor when Faye said I think marriage should be only for two unwilling teenagers...

you gotta see this!!! http://www.nbc.com/Saturday_Night_Live/video/clips/vp-debate-open-palin-biden/727421/

By the Way - it is Actually a $6,300,000,000,000 Bailout.

Rob-33704 — Sat, 04 Oct 2008 10:47:09 EDT

The primary function of the federal reserve is to create money. If a U.S. government security for $1,000 is held by the federal reserve it can then have the Treasury Department to print $1,000 worth of federal reserve notes which Treasury then gives to the federal reserve.

The federal reserve now has $1,000 in cash, or more properly "fiat" money. The federal reserve retains a percentage of this cash, say 10%and loans the remainder to a second bank. This is known as "fractional banking" because only a fraction of the money is actually on-hand at the bank.

The second bank also retains a percentage of the $900 - say $100 - and let’s say two of the bank’s customers obtain loans for $400 each and this money is deposited to the customer’s bank accounts. The bank deducts a percentage, say $100 and this bank now has an additional $700 which it then loans to a consumer.

The original $900 which was loaned to the bank by the federal reserve has been transformed into $1,700. How? Fractional cash reserves at bank total $200. Loans to customers one and two total $800. The loan to customer three is $700. Loans of $1,500 plus cash in bank of $200 equals $1,700.

This process can go on and on and on. At least until people ask for more cash than is actually in the bank. Then the federal reserve send more "money" and the process starts all over.

Until people ask for more cash than is in the federal reserve system. Then congress has to authorize an increase in the national debt so more money can be created by the federal reserve.

That is why one of the items in the bailout just passed by congress was an authorization increasing the national debt - which basically is the money we citizens owe the federal reserve.

Now take that $700,000,000,000 authorization and multiply by at least 9 - fractional banking. Remember? That is at least$6,300,000,000,000 in new money that could soon be in existence.

The real question is, what is the financial oligarchy going to do with that mone. One word - CHINA.

Now That the Bailout is a Done Deal PB Can Get Back to it's Usual Meaningful Discussion of the Issues

Rob-33704 — Sat, 04 Oct 2008 09:22:47 EDT

The following are some of the more meaningful and relevant observations I've seen some of our members making.

McCain Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah.

Palin Blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah Blah blah blah blah blah blah blah.

Todd Blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah Blah blah blah blah blah blah blah.

Cindy Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah. Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah

Expense account Blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah Blah blah blah blah blah blah blah. Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah. Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah.

Troopergate Blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah Blah blah blah blah blah blah blah. Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah. Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah.

Can see russia from Alaska Blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah Blah blah blah blah blah blah blah. Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah. Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah. Blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah Blah blah blah blah blah blah blah. Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah. Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah Blah blah blah blah blah blah blah.

Yeah - that should win the election.

The Free Flow of Capital

griffith — Sat, 04 Oct 2008 03:02:09 EDT

The Free Flow of Capital

Now that big financial corporates have used the capital to leverage maximum profit with minimum growth, consolidating the benefit for Wall Street amd devolving the detriment (the bad debt on a consolidation of capital) to small street with this bailout bill, described as a rescue plan, the argument to be made now by predatory capitalists is to ensure the free flow of capital in a global economy.

Remember that predatroty capitalists operate with consolidated power (capital) and mass money flows (volume), described in a previous article.

The next step in consolidating power, and keeping it, after plundering The People is to continue to operate with the force and legitimacy of public authority that will not act to redistribute the consolidated gains and recapitalize the marketplace to add supply or competition (supporting prices and profits).

Dictatorships NEVER Give You a Choice

Rob-33704 — Fri, 03 Oct 2008 15:08:43 EDT

One of our members made the following comment on one of my posts:

"Moreover, the American people need to understand better what is going on in this country and stand up and contact their representatives. This time, they congress had no choice. "

Dictatorships never give you a "real" choice. Look up the word "dictate."

The only choice dictatorships give is, "submit or be forced to submit."

That is why those farmers at Lexington are worth being honored. They KNEW that they would get to fire one (!) round and that then the British bayonets would be shoved through their intestines.

The vast majority of people have no where near enough courage to make any dictatorship show itself for what it really is,

Democratic congressman says threats for not passing bailout included martial law.

Rob-33704 — Fri, 03 Oct 2008 14:18:36 EDT

Representative Brad Sherman (D-CA 27), in a floor speech made yesterday just after 7pm CDT said:

"Many of us were told in private conversations that if we voted against this bill, on Monday, the sky would fall, the market would drop two or three thousand points in the first day, another couple thousand the second day, and a few members were even told that there would be martial law in America if we voted No."

Link

Barney Frank Should be Removed from Chairmanship of the House Financial Services Committee

Rob-33704 — Fri, 03 Oct 2008 12:55:46 EDT

Representative Barney Frank Chairman of the House Financial Services Committee is a top recipient of donations from mortgage bankers and brokers as well as credit Unions. During the 2007 - 2008 election cycle Frank ranks 1st in contributions from mortgage bankers and brokers and 2nd in contributions from credit Unions.

Frank has received $499,348 in contributions from finance, insurance and real estate interests - the very interests which his committee is suppose to be supervising. Top contributor to his campaign include:

Brown Brothers Harriman & Co - The oldest privately owned bank in America. It’s activities include international investment banking services.

Manulife Financial - also known as The Manufacturers Life Insurance Company it is Canadian insurance and financial services provider. Manulife Financial is the largest insurance company in North America and the world's fourth largest, based on market capitalization.

Royal Bank of Scotland

American Bankers Association

American Society of Appraisers

Bernstein, Litowitz et al

Ernst & Young

UBS AG (Union Bank of Switzerland)

Chicago Board Options Exchange

CME Group - created July 12, 2007 from the merger between the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT).

Credit Union National Association

Grant Thornton LLP

Independent Community Bankers of America

National Association of Home Builders

New York Life Insurance

National Assn of Federal Credit Unions

DLA Piper - The Chairman of the firm's Global Board is former U.S. Democratic Senator

George Mitchell. DLA Piper represents more than half of the top 250 Fortune 500 clients.

Bernstein, Liebhard & Lifshitz

Barney Frank, Nancy Pelosi, and other members who fund raising activities have place them within a conflict of interest situation should not be allowed to vote for the proposed

$850,000,000,000 wall street bailout.

The Volume Data

griffith — Thu, 02 Oct 2008 18:46:33 EDT

A recovery will not occur until you are empirically determined to be sufficiently dispossessed,