Sparky speaks Posted August 12, 2012 Share Posted August 12, 2012 For those who are not wearing blinders... "Whether you vote Republican or Democrat, the oligarchs will win." The Next Election: High Stake Outcomes Based on Non-issues The election of the next puppet president of the “world’s only superpower” is about two and one-half months off, and what are the campaign issues? There aren’t any worthy of the name... Link:http://www.paulcraig...sed-non-issues/ Here's another... The Dispossessed Majority The same brainwashed Americans who rage against Obamacare and are lined up to vote for Romney are oblivious to the fact that Romney, while governor of the eastern liberal Democratic state of Massachusetts, had his version of Obamacare enacted at the state level. The greatest irony about Obamacare is that it was written by the private insurance companies and diverts Medicaid and Medicare funds to their profits. It is socialized medicine alright, but it is socialism for the private insurance companies. Link:http://www.paulcraig...essed-majority/ One more. Did you think they would? DOJ Will Not Pursue Criminal Case Against Goldman Sachs The U.S. Justice Department has announced that it will not be prosecuting Wall Street firm Goldman Sachs or its employees following an investigation into financial fraud. A Senate panel had been investigating allegations that Goldman marketed four sets of risky mortgage securities without informing their clients that the securities were risky. Link:http://thenewamerican.com/usnews/crime/item/12418-doj-will-not-pursue-criminal-case-against-goldman-sachs Link to post Share on other sites
lost highway Posted August 12, 2012 Author Share Posted August 12, 2012 No significant difference? I see a difference of over 1.5 million dollars in favor of Romney, with the exception of UBS AG with greater contributions towards Obama. The problem with graphics like these is they contain no intelligent analysis. What is missing is paragraphs contextualizing what this means. I fail to see how these two candidates are exactly the same, Sparky. You point out the diversion of medicaid funds in the Affordable Care Act, but miss that Romney/ Ryan's budget would slash medicaid significantly. In an earlier post you suggested that both candidates have the same military ambitions, but Obama has been more cautious about military spending in balancing the budget, whereas Romney accuses him of weakening our greatest asset. Romney thinks the pentagon needs saving. So neither has the cajones to take on Goldman Sachs. That stinks. Certain companies have way to much power. This does not mean the effect of two different presidents is identical, and no flippant use of the word 'globalist' is going to achieve that reductio ad absurdum. We are living in a global society, and have been for decades. No one is at the wheel of globalization. Some powers (as you recognize certain financial institutions) push against the world economy with more powerful weight than others. This doesn't make two different candidates with different approaches to domestic and foreign policy the same, it makes them part of a contest on the same field. Obama might not have taken on the banking system to the extent that you and I would like, but he did create the Consumer Protection Bureau, and multiple reforms to prevent ignorant citizens from being duped. A venture capitalist like Romney would certainly be opposed to a measure like this because its main motive is not profit, but stability. Link to post Share on other sites
Sparky speaks Posted August 12, 2012 Share Posted August 12, 2012 Makes you want to run out and vote for both Obama and Romney doesn't it? http://www.youtube.com/watch?v=WYyLYoi6UwY Link to post Share on other sites
Sparky speaks Posted August 13, 2012 Share Posted August 13, 2012 Sparky again proves to be condescending and completely insane at the same time. I love the part about "Your banking system" Keep your gold in coffee cans in the back yard? Condescending, I might give you that. But not insane. You might want to consider it yourself before your Bernanke bucks pass their expiration date... http://www.tfmetalsreport.com/ It's easy. Just send your worthless fiat paper money for some hard currency while you still can. You'd be insane not to... http://www.gainesvil...alo-design.aspx Not to get off topic... 100 Ways Mitt Romney Is Just Like Barack Obama Link to post Share on other sites
LouieB Posted August 13, 2012 Share Posted August 13, 2012 That's what this new thread needs, more conspiricy theories. Obama and Romney are not exactly alike. They are going to be similar because all Presidents are similar, at least all the ones that run that can get elected. There is no alternate reality here, just the one we have. We can want some sort of parallel universe where the banks, corporations, and Wall Street don't control most of what goes on, but that is not even close to reality, so we really have to deal with the one we have now. We all wish that money wasn't a deciding factor in this or any campaign, but it is. LouieB Link to post Share on other sites
KevinG Posted August 13, 2012 Share Posted August 13, 2012 Thanks LouieB for bringing this thread back to reality. So being a Wisconsinite (albeit I don't live in his district) I know a bit about Paul Ryan. Paul is a Wisconsinite, when he says his blood runs bratwurst, cheese, Leinies, Spotted Cow, and some Miller he isn't paying lip service, it is true. I also think it is cool that he is the first Gen X candidate for national office. However he is from Janesville, with the loss of GM has become a very economically depressed area. I think it is funny that Paul's return to Wisconsin was not to his own district but to wealthily deeply red Waukesha. I think that right there is very telling. Also Ryan is touting his record in congress, while being the chair of the budget committee is a great accomplishment, only two pieces of his own legislation have been passed into law. Lastly, I also think it is amusing that Romney after praising Ryan's budget he is now running from the medicare parts of it. I would love to see some ask Romney, "If you were president and Paul Ryan's budget came across your desk, would you sign it?" Link to post Share on other sites
uncool2pillow Posted August 13, 2012 Share Posted August 13, 2012 So being a Wisconsinite (albeit I don't live in his district) I know a bit about Paul Ryan. Paul is a Wisconsinite, when he says his blood runs bratwurst, cheese, Leinies, Spotted Cow, and some Miller he isn't paying lip service, it is true. I also think it is cool that he is the first Gen X candidate for national office. But I just read he only has 6-8% body fat. How does he do that? All I really knew about Ryan was his budget proposal, which was way too damn extreme for me. The more I've learned the more I've come to see him who's pretty damn smart. He will make the campaign more interesting for a while at least. I've already been to the Iowa State Fair, otherwise I'd be off to see him there today. Also, I just checked. Palin was born in '64, which would put her at the older end of my definition of gen X. Link to post Share on other sites
lost highway Posted August 13, 2012 Author Share Posted August 13, 2012 Paul Ryan favors a budget that would cut medicaid so severely as to leave millions of Americans without insurance. He also would like to cut grants for college students so that more of our motivated youth would have to work through school while acquiring exorbitant student loan debt. This approach to policy will effect you little if you're wealthy. It can ruin your world if you're poor. Link to post Share on other sites
jff Posted August 13, 2012 Share Posted August 13, 2012 Quite a few conservatives who are lukewarm on Romney will now be a bit more excited about the ticket making them more likely to show up in Nov. I disagree. They want Obama out far more than they want any of their guys in. The R turnout was going to be massive this year no matter who their candidate was. Lukewarm or not, they were not going to sit this one out. Link to post Share on other sites
LouieB Posted August 13, 2012 Share Posted August 13, 2012 Lots of folks will vote for the Rs. Between the fact fact that he is a Democrat, a black man, waging a war on religion, wanting to turn the country socialist, etc, many folks will go out to vote against him. LouieB Link to post Share on other sites
ih8music Posted August 13, 2012 Share Posted August 13, 2012 But I just read he only has 6-8% body fat. How does he do that? P90X. He's one of that group of congressmen who got hooked on it. Good for him. The Ryan pick will certainly keep the conservative base happy, but I'm not sure if he's going to attract independents in large numbers, especially once people learn of his policy positions -- stuff like how social security & Medicare should be privatized, among others. Policy-wise, he's textbook ultra-right wing. In many ways, I see this as better for Ryan's future than Romney's. It certainly gives the 42 year old a ton of national exposure & experience dealing with the media. And unlike Palin, I think he's going to make the most of it. While I disagree with most of what he says, he's certainly sharp and articulate... this won't be the last presidential ticket that has his name on it. Link to post Share on other sites
KevinG Posted August 13, 2012 Share Posted August 13, 2012 Also, I just checked. Palin was born in '64, which would put her at the older end of my definition of gen X. I always thought of Gen X as born in 1970 - 1980. But that is me. I keep having interesting thoughts about Paul Ryan. I really would have thought Mitt would have picked a more centrist candidate, like a Tim Pawlenty. Mitt who by all accounts durning his time as Gov of Mass. was a pretty centrist republican, ran to the far right during the primary. I would have thought he would have swung to the middle. With this pick, he is even going more right. With the way this election will be decided it seems really odd. It is going to be decided by a few people in a few key states, who are neither Republicans or Democrats. And the whole medicare thing the Dems are going to hammer that in Florida over and over again, so you can count FLA and its 27 electoral votes gone (unless of course Rick Scott has done his job and suppressing democrat votes.) I think Ih8music has it pegged, this will not be Paul Ryan's last presidential ticket. This seems to be a more of a 2016 run than it does a 2012. Link to post Share on other sites
Sparky speaks Posted August 13, 2012 Share Posted August 13, 2012 You are ignoring the reality of what is coming and continuing to focus on the trivial. The global derivatives market, which is estimated to be worth between $800 trillion to $1,500,000 trillion, has collapsed. (It actually collapsed in 2008) That is $1.5 quadrillion on the long estimate.The GDP of the entire world is $65 trillion. They have been plugging the leaks in the dam for the past few years with massive money printing (mostly digital) by the world's central banks including the Federal Reserve and pumping some of that money into the stock market to give the illusion of prosperity. Unfortunately, much of that bailout money (our money) was put right back into the derivatives market. As a result, the world's banking system is on the verge of collapse as is our backed by nothing but faith, fiat currency. The economies and the individuals with the most gold and silver will do better when this happens. Russia, China and India are accumulating gold and silver like crazy and control the most. Look it up. They know what is coming. The banks know what is coming. The government knows what is coming. We, as a nation, are not being told the truth, resulting in the false belief that things will get better because they always have. Obama's tax plan will save us. Romney's tax plan will destroy us. It doesn't matter. It is window dressing to keep us all distracted. We are fast approaching a worldwide Enron moment. JP Morgan alone holds $90 trillion of the derivatives market which has gone bust. They claim to hold $140 billion of market capital. But reports show they are actually $30-40 billion in the red. Do you have money in a Chase Bank account? Bank of America holds $70 trillion worth of the failed derivatives market. Do you bank there?They are both about to collapse. There is not enough money in the world to bail them out of this mess. The FDIC is broke. And yet we argue about Paul Ryan's tax plan and how many push-ups he can do. Do you hear any of these two candidates talking about this??? They act as if the problem doesn't exist. It is getting some mention in the mainstream media but not much. Look, I don't want this to happen. But the math doesn't add up to any solution that is good. By spring of next year, we won't care who the president is or if his VP received his Insanity T-shirt in the mail. Exclusive: U.S. banks told to make plans for preventing collapse http://www.reuters.com/article/2012/08/10/us-banks-recoveryplans-idUSBRE87905N20120810 Roubini On 2013's "Global Perfect Storm" And Greedy Bankers "Hanging In The Streets" http://www.zerohedge.com/news/roubini-2013s-global-perfect-storm-and-greedy-bankers-hanging-streets?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge/feed+%28zero+hedge+-+on+a+long+enough+timeline,+the+survival+rate+for+everyone+drops+to+zero%29&utm_content=Google+Reader Derivatives: The Unregulated Global Casino for Banks http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html Economist Richard Duncan: Civilization May Not Survive 'Death Spiral' http://moneymorning.com/ob/economist-richard-duncan-civilization-may-not-survive-death-spiral/ Link to post Share on other sites
Winston Legthigh Posted August 13, 2012 Share Posted August 13, 2012 Seems like you should make zillions shorting those banks' stocks, but hey, why put your money where your mouth is? It's easier to rave on instead of putting your capital at risk. Link to post Share on other sites
KevinG Posted August 13, 2012 Share Posted August 13, 2012 Sparky when the economic collapse comes you can look down you nose at us with your piles of can goods and whatever you got stored up in your bunker and say I told you so. But then again, I am going to bite. So you offer up all of these doomsday scenarios, so what am I to do about it? Or am I just screwed because I am ill prepared and don't listen like you do? Link to post Share on other sites
IRememberDBoon Posted August 13, 2012 Share Posted August 13, 2012 So Ryan wants to raise taxes on the middle class and cut the hell out of services so we can cut taxes further for the one percent?? I mean is this fer realz or some alernate universe? Link to post Share on other sites
Guest Jules Posted August 13, 2012 Share Posted August 13, 2012 I think it's fer realz. Link to post Share on other sites
Sparky speaks Posted August 13, 2012 Share Posted August 13, 2012 Sparky when the economic collapse comes you can look down you nose at us with your piles of can goods and whatever you got stored up in your bunker and say I told you so. But then again, I am going to bite. So you offer up all of these doomsday scenarios, so what am I to do about it? Or am I just screwed because I am ill prepared and don't listen like you do? You asked, so I will give you my two cents at the risk of being ridiculed and treated like a crackpot by some of you. Remember, up until a few years ago, I believed the same stuff as most of you, who think I am nuts, believe. Basically, we all pretty much screwed IMO. One has to get an understanding of where money comes from and how it is manipulated by the central banks (Federal Reserve) to their advantage, not ours. That book, I mentioned a few pages back in this thread is a great place to start. http://www.amazon.co...n/dp/1439214115 It will describe how money is literally created out of thin air and that all fiat paper currency is nothing but debt that must be paid back with interest. It seems complicated but it is very simple to understand. Once you get a grasp of that, you will understand that the politicians support the system because it creates money for them to fight their wars, expanding the welfare state which then makes people more dependent on them thus perpetuating the cycle, etc., etc. without raising taxes. In reality, they don't really need to tax us at all. They (the Fed) could just go on printing money for the government to use. But of course that means less value for your currency through inflation. Inflation is the actual tax we all pay now as the price for this system. Since the creation of the Federal Reserve in 1913, the dollar has lost over 95% of its' value. But you can still buy a gallon of gas with a pre-1964 silver quarter. That same quarter is worth $5.02 right now as we speak. It is not the value of the gas that has gone up, it is the value of the purchasing power of currency that has gone down. We could never pay our national debt with tax income alone.The Fed just prints the money for the the politicians to use as they please with the interest due passed on to the next generation of taxpayers. It is a big Ponzi scheme. Ending this system would put limits on how much a government can spend on imperialistic wars, bank bailouts, crony capitalism, etc. A currency based on gold and silver reigns in government spending. The goal of the current crop of politicians looking for your vote is to keep this crooked system going as long as they can. They do not want to make the hard decisions that need to be made on their watch. But, by kicking the can down the road, so to speak, the inevitable disaster will be made even worse. You have to realize there are problems bigger then the ones being discussed here. Information is the key. I really don't think there is an answer to our problems in the current political and economic system we are living under. Someone like Ron Paul was probably our last chance but he was marginalized. If he did show any signs of winning I'm sure he would have been eliminated. In the short-term, you can investigate what you might be able to do to protect the value of the wealth you currently have left. Having physical silver and gold if you can afford it is a good place to start. Silver is the poor man's gold. Buy it whenever the price dips. It will hold the value of your money and protect it from hyper-inflation. I would take any large amounts of cash out of the bank and store it in a safe in your home. You are not making any interest on it now anyway. When the banks fail, there will be no ATM's, check cashing, credit cards, direct deposits, etc., etc. Cash might be good for a little while, until folks realize that it is worthless, but having things to barter, junk silver coins, food, etc. will come in handy I'm sure. See this... Warning: Get Your Money Out: ‘All Legal Bank Deposit Protections Are Now Officially Gone’ If the shit hits the fan, as it might eventually, obviously the welfare of you and your family becomes the number one issue. As a former anti-gun nut I would buy a gun for self-dense. The police will not be there to help you when and if the shit hits the fan. There is nothing wrong with having a months supply of canned goods and water. You're going to want to eat. We mostly live in urban areas and don't grow our own food. Super markets only have three-four days supply of food on hand. You know what happens when a snow storm is predicted. Hey, you asked. I took your question as a serious inquiry. I have given you what I believe is my best answer at the moment in that spirit. Obviously, I am opening myself up for the usual comments, but I'm a big boy and can handle it. Link to post Share on other sites
uncool2pillow Posted August 13, 2012 Share Posted August 13, 2012 Would this be an insensitive time to point out that I'm not dead from Japanese radiation yet? Link to post Share on other sites
IRememberDBoon Posted August 13, 2012 Share Posted August 13, 2012 Sparky the anti central bank folks have been preaching this same stuff for fifty years or more now. During the 90s it was a sure thing. Im pretty sure were gonna be fine and things are gonna get better. Link to post Share on other sites
Sparky speaks Posted August 13, 2012 Share Posted August 13, 2012 Would this be an insensitive time to point out that I'm not dead from Japanese radiation yet? No, have some tuna... Link to post Share on other sites
Sparky speaks Posted August 13, 2012 Share Posted August 13, 2012 Sparky the anti central bank folks have been preaching this same stuff for fifty years or more now. During the 90s it was a sure thing. Im pretty sure were gonna be fine and things are gonna get better. Based on what? Your gut feeling or some miraculous event I might have missed? Those folks from 50 years ago knew what they were talking about. It has taken that long to get us to the point we are at right now. The dam is about to burst. The game is almost over. The music is about to stop and there are no chairs to sit in. The fat lady is about to sing. Wishing it wasn't so will not stop it from happening. “All the world is made of faith, and trust, and pixie dust.” ― J.M. Barrie – Peter Pan Link to post Share on other sites
IRememberDBoon Posted August 13, 2012 Share Posted August 13, 2012 Its kinda based on this thing called History. Central bank collapse ideas have been around forever and its never happened. Every time they said collapse was inevitable and soon. Link to post Share on other sites
Sparky speaks Posted August 13, 2012 Share Posted August 13, 2012 I'm a history teacher. Every fiat currency the world has ever seen has failed. They just reboot with some new system that is pretty much a revised version of the one that just failed. Link to post Share on other sites
Sparky speaks Posted August 14, 2012 Share Posted August 14, 2012 Boon, give this a read. It sums things up pretty nicely... IT’S A MATTER OF TRUST – PART ONE When mainstream economists examine bubbles, manias and crashes they generally concentrate on short-term bubbles that last a few years. But some bubbles go on for decades and some busts have lasted for a century. The largest bubble in world history continues to inflate at a rate of $3.8 billion per day and has now expanded to epic bubble proportions of $15.92 trillion, up from $9.65 trillion in September 2008 when this current Wall Street manufactured crisis struck. A 65% increase in the National Debt in less than four years can certainly be classified as a bubble. We are currently in the mania blow off phase of this bubble, but it began to inflate forty years ago when Nixon closed the gold window. This unleashed the two headed monster of politicians buying votes with promises of unlimited entitlements for the many, tax breaks for the connected few and pork projects funneled to cronies, all funded through the issuance of an unlimited supply of fiat currency by a secretive cabal of central bankers running a private bank for the benefit of other bankers and their politician puppets. Crony capitalism began to hit its stride after 1971. PART TWO:http://www.theburnin...rm.com/?p=38476 You might want to check this out too... Priceless: How The Federal Reserve Bought The Economics Profession http://www.huffingtonpost.com/2009/09/07/priceless-how-the-federal_n_278805.html Link to post Share on other sites
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