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POPSMonopoly Capitalism Is the Root of All of America's Problems The indoctrination is that we live in a market economy that determines globalization and everything else. I don’t know why this generation of Americans was more gullible. I can’t understand that. But it’s just a fact and we need to wake up. This systemic risk is a result of monopolists preaching efficiency because they want to take cash out of the system. For example, let’s say they have two machines, and sell one. They get money for the machine they sell, and then the one left over will be more expensive to use so they can charge more for its use. They pocket the money from the machine they sell and get more money off the one machine they have left. The problem, though, is they only have one machine left. If something goes wrong, we can have huge systemic failures. Treasury to dole out USD 3.8 billion more for GMAC
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POPSAmericans Buying Less Quite frankly, why does it surprise everyone that this pyramid scheme finally fell? People simply did not have the money to buy all these goods and the banks gave credit to those who were not credit worthy. When people maxed out on their personal credit cards, banks gave easy lines of home equity loans. It had to all fall because people didn't have the money to buy these goods and now they have to live within their means. It's a good lesson for consumers--sadly one that is probably cyclic in nature.
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POPSU.S. to Lose $400 Billion on Fannie, Freddie, Wallison Says “The situation is they are losing gobs of money, up to $400 billion in mortgages,” Wallison said in a Bloomberg Television interview. The Treasury Department recognized last week that losses will be more than $400 billion when it raised its limit on federal support for the two government-sponsored enterprises, he said. Lax regulation of Fannie Mae and Freddie Mac led to the mortgage companies taking on too many risky loans, Wallison said. “It turns out it was impossible to regulate them,” he said. “They were too powerful.” He said no one knows how much will be needed to keep the companies solvent. U.S. to Lose $400 Billion on Fannie, Freddie, Wallison Says - Bloomberg.com http://bit.ly/8FhHPH
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POPSCongresswoman Dina Titus urges constituents to print their own money Earlier in the year, Treasury Secretary Tim Geithner unveiled a new program designed to combat falling prices, called the No Sales & Low Prices, or NOSLOP, program. The target is for consumer staples to rise at least four or five times wages. So far, the efforts have failed to make prices rise substantially. This failure has been blamed on inadequate money printing measures by the Fed. "The Treasury has a plurality of tools at its disposal to combat price deflation and prevent people from finding bargains. We all know that consumers get upset at low prices, so we started a new program called No Sales & Low Prices . We are asking consumers to report any store that is advertising anything as being on sale, or if they find anything on a store shelf that is marked down," said Treasury Secretary Geithner. It is now a federal felony to lower prices without the approval of President Obama's Consumer Price Czar.
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POPSTop 25 Censored Stories for 2009/10 "Project censored is one of the organizations that we should listen to, to be assured that our newspapers and our broadcast outlets are practicing thorough and ethical journalism." — Walter Cronkite
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POPSFaith in Free-Market Capitalism Is Being Rewarded The biggest source of economic stimulus is not the $800 billion Barack Obama spending package. It's the $4.6 trillion of capital gains thrown off by the stock market over the past three quarters. This is investment money, and it also enhances consumer spending. As a result, jobs are likely to start rising early in 2010. The other source of economic stimulus is the amount of money Michael Moore invests in Dominos Pizza and Krispy Kreme, only later to bemoan those same corporations in which he owns shares. Michael Moore-on's movie in which he capitalistically makes money off of gullible liberals’ hatred of capitalism? Seriously, not only did that movie bomb, but the hippo-like hypocrite became enchanted by the ideals of socialism when he took an economics class while coked out of his mind. Using socialism to help revive a failing economy is like putting angry weasels down your pants because you need some rest.
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POPSHappy New Year Everyone..... Revelers rang in the New Year across the globe with spectacular fireworks displays and massive parties in world capitals To view photo gallery link to: http://bit.ly/5l3hO7 Revelers rang in the New Year across the globe with spectacular fireworks displays and massive parties hosted by world capitals against a backdrop of tightened security. More than 200,000 people lined the banks of the River Thames in London to watch fireworks explode out of the London Eye, the giant ferris wheel across from the Houses of Parliament and Big Ben, the world's most famous clock. Up to 80,000 people also turned out in Edinburgh for the annual Hogmanay outdoor street party, some sporting furry horned tartan helmets against the bitter cold as they gathered to watch fireworks by Edinburgh Castle. Earlier, more than 120,000 Russians crowded onto Moscow's Red Square to toast 2010 as President Dmitry Medvedev thanked his nation for bearing with the economic crisis.
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POPSMove your money! I already have mine in a small community bank. I don't trust big banks ... never have, never will. This video should be passed around until the big banks topple!
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POPSForgettable Things of 2009 There are more but these are the best ones. Read the entire article there may be others that you think are the most forgettable things of 2009
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POPSThere ought to be hell to pay. Yet another article outlining how the largest investment banks - particularly Goldman Sachs - manipulated the market for their own benefit. What really irks me more than anything is that after betting against the very products they were selling to their clients, they got a MASSIVE government bailout while some of their top competitors got wiped out. To say the game is rigged is the understatement of the year.
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POPSWall Street=+10 *** Main Street= -20 Good article to help raise that blood pressure. Just in case you were concerned about the welfare of those poor, maligned execs and CEOs of our beleaguered and abused financial institutions, this will help to reassure those nagging worries.
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POPSBury My Heart at Wounded Knee http://www.youtube.com/watch?v=eTmvrHoyMZ8 Buffy Sainte Marie sings my thought best! The killing of people and the earth has not stopped.
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POPSChina's high speed train line completed in just 4 years Now this is real stimulus. The U.S. has nothing like this. The only "stimulus" the present idiotic administration can come up with is throwing good money at the useless trade unions in the auto industry for more votes and payback for their support, and to bail out the fat cats in banks and on wall street. It is clear to me. this trojan horse empty suit is trying to wreck our economy.
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POPSObama-Geithner Plan to Restart the Bubble Economy The new twist is a variant on the IMF “stabilization” plans that lend money to central banks to support their currencies – for long enough to enable local oligarchs and foreign investors to move their savings and investments offshore at a good exchange rate. The currency then is permitted to collapse, enabling currency speculators to rake in enough gains to empty out the central bank’s reserves. Speculators view these central bank holdings as a target to be raided – the larger the better. The IMF will lend a central bank, say, $10 billion to “support the currency.” Domestic holders will flee the currency at a high exchange rate. Then, when the loan proceeds are depleted, the currency plunges. Wages are squeezed in the usual IMF austerity program, and the economy is forced to earn enough foreign exchange to pay back the IMF.
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POPSStem cell treatment restores sight to partially blind man In an experimental treatment devised by doctors at the North East England Stem Cell Institute in Newcastle, stem cells were taken from Turnbull's healthy eye and grown on a layer of amniotic tissue, which is routinely used as a burn dressing. The NHS banks amniotic sacs donated by women who have had a Caesarean section.
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POPSSmall Business Owners Lose in Credit Crunch But despite the taxpayer bailouts that have allowed the banks to stay afloat despite plunging the country into a banking crisis they are generally not lending, even though they are doing well again. For the most part, they still holding on to their capital.
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POPSBanks Get Into the Unemployment Biz Ye gods, do their little tick-tock minds ever quit? And why are we privatizing social programs? And why are our state legislators permitting the banks to abuse the unemployed through inquiry and withdrawal fees? More below: "For now, those without jobs who are trying to stretch every dollar from unemployment insurance are finding the banks eager to nibble away at even those modest sums."
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POPS... Join a Credit Union ... My own relationship with Banks is complicated. (1) My impressions of Banks are clouded by my 46 year relationship with them. (2) Like most folks, I started out as a borrower, but now I'm a depositor. (3) Several of the "Big 5" are my Customers and one of these is even a "Client". (4) I've learned that Canadian Banks are very different than those in the United States. All of that being said, after meeting with my bankers this morning, I can't help but feel the best way to help them fight their own executive bureaucracies is to ... Join a credit union!
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POPSCREDIT CARD GREED After charging a couple hundred dollars I noticed they had immediately raised my APR a whopping 5%. If they did this so I would see RED..., they sure knew what they were doing. Because I saw every color in the rainbow! I was so angry that I took the allotted money I had put aside for food and paid them off! Also, gave them a piece of my mind in an email. Anyway, here is my vent to the giant credit card gluttons. More at: http://www.thethinkingblue.com/creditcardgreed.html
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POPSWhat It Takes to Make a Republican Mad
Republicans weren't mad when George Bush and Dick Cheney lied America into a war against a nation that didn't attack us and didn't have any Weapons of Mass Destruction. They weren't mad when George Bush and Dick Cheney pulled troops out of Afghanistan that was harboring the actual terrorists who did attack us. They weren't mad at George Bush taking a budget surplus of $128 billion when he came into office and turning it into a $455 billion deficit. They weren't mad, either, that George entered office with a national debt of $5.73 trillion and left with the national debt $10.7 trillion. A doubled increase of $5 trillion. They at weren't mad when George Bush and the Republican Party ignored the city of New Orleans being wiped off the map. They weren't mad when George Bush authorized warrantless wiretapping, reading private emails of American citizens and tearing down civil liberties and the Bill of Rights. The weren't mad when George Bush described the U.S. Constitutio
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POPSTHE DEADLIEST CARD GAME IN TOWN
but they have joined the right’s sycophants and willingly do the bidding of the LOBBY FIRMS in order to receive the dirty money (more like blood money) these cut-throats will give them (to turn a blind eye) in the form of campaign contributions. A shell game of sorts, where the suckers, in many instances, have no idea of what is going on and how it negatively affects their well-being. It's a sad game that cannot be won by anyone who falls into a category called LOW-INCOME. The banks and credit card companies’ makeup all the rules and they are always in their favor. NO ONE, can get out of the traps they set, while they siphon off any earnings said suckers have given their blood, sweat and tears to acquire. It should be a crime because it is criminal but it is not. Watch, learn and weep for those who get snared in THE DEADLIEST CARD GAME IN TOWN, where there is no place to turn for help. (MORE) http://www.pbs.org/wgbh/pages/frontline/creditcards/view/ thinkingblue
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