MUST READ from a Republican: Careful, your wish came true

If this Republican is right, we don't want to be anywhere
near the White House for the next four years. He concedes that America might get lucky, and his prescription for fixing it might leave you upset but I've watched this man call two market bubbles in a row. He's giving another warning.

<http://moneycentral.msn.com/content/P93620.asp>

I say we help it along. Stop spending, go simple, call your foreign friends and spread the word to boycott American products. Shop only Blue businesses, but even there cut back. We need to make
absolutely sure that Shrub is the one to wallow in his own pile of shit.

We also need to be making alliances with progressive groups worldwide and getting the meme out to boycott American products. This I've had more trouble doing. No one seems to have a clue. I want to get it to the people abroad that we need help. Shrubco MUST be brought down.

We need to have meet-ups locally to spread the word among progressives and others of like mind.

"omg ours exonomy is in ruins b/c of demoncrats boytcott!!1111"

There must be NOTHING he can blame it on.

Calling for a boycott of America is not thinking very deeply. It is rather like cutting off your nose to spite your face.

I don't recommend it.

cutting off half your body to spite your nose.

This is suicide.

I hate Bush too, but you know the old saying, "Give him enough rope and he will hang himself."

No one needs to lift a finger to help him screw up. He'll do it all on his own. Unfortunately, at our expense.

:(

It's over. Period. Repukes for 40 years. Judges to take us back to the stone ages. If you read the article this investor has said it is inevitable anyway.

The guy used bush's election and the fact that he is a fool to point out some other foolish investing decisions people have made. This was then used with a segue into National Semi-Conductor and he explained what a piece of crap NSM was in his opinion. He was really poundin git so hard, that the first thing I thought was "Wow, he must have a short position in NSM." (A short position is one in which the investor profits from the decline of the stock -sell first and buy second - same concept of buy low sell high is used though to make my explanation 'short' and sweet.) Then I got to the bottom of the article where it is mentioned that Mr Fleckenstein was indeed short NSM at the time of the article's publishing. He was probably pissed that the stock moved against him (meaning up), so he put out an article (read: propaganda - though he may be correct in his reasoning - I am no expert on NSM) to induce people to sell the stock and make it fall so he can profit from it - or at least break even!

I was more or less referring to his specific prediction that stock market and real estate bubbles would unwind on the Republicans watch. Does he have personal interest in this. Sure.

But I have seen him call two bubbles...at the very least he is worth paying attention to.

We won't have to lift a finger to help this disaster along. To wit:


"The NY Times quoted Ashraf Laidi, a currency analyst at MG Financial Group as saying, "foreign central banks saved the dollar from disaster. The stability of the bond market is at the mercy of Asian purchases of US Treasuries."

The current account deficit has grown so large the foreign investment coming into the United States is no longer creating economic growth. Although the United States is taking in 80% of the world's surplus savings it is all being used to finance the deficits. According to Stephen Roach, the head economist of Morgan Stanley, the deficits are growing so large that by the end of the year America's indebtedness to other countries will reach 28% of GDP. That would bring the US indebtedness to a level of 300% of exports. Argentina and Brazil were at 400% right before they collapsed in the 1990's."

In short, the current account deficit will soon reach the point at which it will become a problem that even bullish prognosticators like Tobin Smith won't be able to deny. During August, foreign investors were net sellers of US equities. It was the intervention by foreign central banks that prevented a run on the dollar. We may be starting to see the first signs of a brewing crisis.

link



Regardless of who won the election, this financial crisis has been looming as a result of the last four years of fiscal irresponsibility. America might be ready for intelligent leadership a LOT sooner than 2008.

Also, keep in mind that one of the reasons foreigners are cutting out of American stocks is because a strong foreign currency versus the dollar can cancel out stock profits.

Exaggerated example:

Say we have one dollar = one euro.

Say we buy 100 shares of XYZ for $100 each in America, but that we used Euros to buy XYZ - meaning we will get paid back in Euros. So we have 10000 Euro worth of XYZ which is also $10000 worht of stock. Say that XYZ doubles to $200 while the dollar tans hard against the Euro so there are two dollars per Euro. We now have $20,000 worth of stock that is still worth only 10,000 Euro so the foreign investor made nothing!! Lately the Euro has been very strong against thedollar, so a similar, albeit less exaggerated situation has been occurring - this induces forieng investors to get out of our markets which is bad. Of course, foreign investors can hedge their foreign exchange risk therough the use of futures and options on foreing currencies, but some just say "Fuck it."

Zactly.


If Japan decides to quit backing the dollar, we're fucked. Without even so much as a chaste kiss or a reach around.

BUT, we are not Brazil nor Argentina (although the world may be becoming convinced we actually are like them). One advantage we have that they didn't have is that our debt is held in the reserve currency (i.e., our own) whereas the Argentine and Brazilian debt was held in another currency (ours again). This gives us more leeway before the noose tightens than they would have had. How much more is difficult to say.

Republican or Democrat, anybody who doesn't get that corporate America and the "Ownership Society" is a fancy word for global slavery has no morals. Of everything this country has done, propping up the rape of the world because we'd be "cutting off our noses" is just reprehensible. There's a way to do global trade, but what George Bush has in mind is the furthest thing from it. You are absolutely part of the problem, not anywhere near the solution.

Maybe we could just nuke ourselves, too. Get it over with faster.

If Bush has four successful years you must understand: it's over. Finished for 40 years. Don't kid yourself on this one. We'll get another Republican by default and after 12 years of stacking the courts it won't matter how many dems or progressives get elected after that, judges will just rule this stuff unconstitutional.

Study how FDR was able to stack the courts for 16 years and what the result was: no matter how hard business tried to stop progress by legislating regressive laws the courts kept overruling them. It's why we have unions, weekends, laws for worker safety, on and on and on.

If the Bush ecnomy is successful think FDR in reverse, for the next 40 years, and there won't be diddly you or I or any Dem can do about it. It IS this serious. Read the link, please read the link.

I don't think the fact that the president that was placed in power against your wishes should be used as a way to boycott American products and eventually cause the layoffs of other fellow Americans. I am hoping for a miracle - that bush does a good job - of course I will be richer than Bill Gates on that day, but I refuse to root against the American economy and its workers just because the president is a jackass.

If Bush has four successful years you must understand: it's over. Finished for 40 years. Don't kid yourself on this one. We'll get another Republican by default and after 12 years of stacking the courts it won't matter how many dems or progressives get elected after that, judges will just rule this stuff unconstitutional.

Study how FDR was able to stack the courts for 16 years and what the result was: no matter how hard business tried to stop progress by legislating regressive laws the courts kept overruling them. It's why we have unions, weekends, laws for worker safety, on and on and on.

If the Bush ecnomy is successful think FDR in reverse, for the next 40 years, and there won't be diddly you or I or any Dem can do about it. It IS this serious. Read the link, please read the link.

but I have a hard time rooting against a booming economy. Of course I know how to make money in any market - up, down or neutral - but I don't know about the rest of the people in this country. Bear in mind that the senate is still strong enough with dems to prevent radical right wing court appointees.

But I think you are far underestimating this enemy. And that is what they are, make no bones now about it. They will steal elections, they would probably murder senators. And look what they are already doing to the moderate Republicans just since the election. If Dems spend four years doing nothing but blocking judges while the economy booms, then most of the Dems will be defeated as obstructionists at the hands of Repugs (they used it on Daschle).

(other than the stealing part...)

Rooting for the economy to falter IS stupid. Forcing people to look at what WE have become in this economy is necessary. Especially considering what Bush wants to make us into, slaveholders. THAT is worth fighting for. Temper tantrums over whether it's a Dem or a Pub is just childish. I think there were a whole lot more people throwing a massive temper tantrum over 2000 in this election than I ever thought.

Good for you. Hahahah

I don't think I'll have a hard time putting a "hurt" on the economy next year.

I started doing this right after Christmas last year. This year for Christmas, I'm not buying shit. No, Thanksgiving, Christmas or New Years dinners. But I can't give up fishing tho.

Snip ......

National Semi's comments were corroborated last Thursday in a report by market-research group IDC, which has lowered its forecast for worldwide chip revenues, saying that next year's sales will shrink 2%, vs. the 7.5% sales growth it projected last May. IDC also suggested that "unless chipmakers cut capital spending by a fifth next year, industry sales may shrink as much as 11%." (It should be noted that these folks are almost always overly optimistic.)

Snip ......

so we can get out of this mess with less hell than the rest of the credit economy. I plan to stop spending much money (not that I had much) and start saving, paying off bills, and learning to do without or buy used where possible.

The economy is going to tank based on my gut-feeling (not scientific, but I trust it). We must be prepared for the worst and hopefully, it won't come to that.

That said, this administration and it's moronic supporters suck and deserves a crappy economy to make a living hell out of their lives. Just wish the rest of us didn't have to go along for the ride.

but that has nothing to do with Bush or Kerry. I just don't believe in the keeping up with the Jones's mentality, nor do I believe in buying the biggest house you can afford. I believe in postponing gratification, saving for big purchases, and socking away plenty for a rainy day AND retirement. I am a credit card company and new car dealers worst nightmare.

On the bright side, I do like to go out for dinner with friends a couple of times a week, I'm a generous tipper and I enjoy the live music scene here in Austin, so I belong to the "support your local musician" club. I just try to make a point to save money on things that aren't all that important to me, like lots of clothes or eating out ALL the time. I don't smoke and I drink very little.

By the way, I think the article is good, but Bill needs to ditch his mullet.

Thanks for a great laugh.



He does need to ditch his mullet! LOL

Some people say that the Talimentalists are planning to pass a constitutional amendment to ban mullets . . . . pass it on.

Don't know why that is....

I don't see shifting the burdon further onto the working class helping the economy at all. We've already been doing that for the last four years and we don't have anything to show for it.

would add 30% to everything you purchase. In some applications, it would also apply to your rent payment.


I'm sure Americans on fixed incomes will be overjoyed to endorse this, especially with health care costs being so reasonable. </sarcasm>

I think his solutions will tank the economy. The problem in my mind is exactly the opposite: No one in this economy is getting any benefit from the Middle class below.

BUT, he has called market tops, and has been very good at that. I LOVED when he said that if it happens on Shrubs watch to the losing party you may be in power for 50 years. I decided at that point that the only way to make sure it happened is to make sure it happens on his watch.

We won't need to do a thing. Our great leader has insured it will happen all by itself by simply ignoring the facts. We've turned the corner, all right--careening over the cliff. See my post above.

I just don't feel we have the luxury of playing this now as anything less than warfare. They have shown they will steal elections...kill Senators (probably Wellstone), and the mysterious deaths of Diebold executives who (wouldn't play the game or be bought off?).

Something big has got to bring this guy down...he IS the antichrist (metaphorically speaking).

:eyes:

If Bush has four successful years you must understand: it's over. Finished for 40 years. Don't kid yourself on this one. We'll get another Republican by default and after 12 years of stacking the courts it won't matter how many dems or progressives get elected after that, judges will just rule this stuff unconstitutional.

Study how FDR was able to stack the courts for 16 years and what the result was: no matter how hard business tried to stop progress by legislating regressive laws the courts kept overruling them. It's why we have unions, weekends, laws for worker safety, on and on and on.

If the Bush ecnomy is successful and there follows another Republican then you need to think FDR in reverse, for the next 40 years, and there won't be diddly you or I or any Dem can do about it.

You'll never get a landslide without a wrecked economy. They'll always be close. Close now appears to mean stolen.

you said if bush has a good economy, a rupuke will win after him. why didn't gore win after clinton?

Because Clinton got a blowjob, and all the uptight, frigid Fundies were jealous. It all has to do with penis envy.


Liberals get laid a LOT! And our women have multiple orgasms that could blow the roof off skyscrapers. And our men are hung like beasts, with stamina and originality that makes the Kama Sutra look like a macroeconomics textbook.


Freeps all have inverted penii, and can't even find their weenies with electron microscopes at 50X magnification. And Freep women are so frigid that they save massive amounts of income each year by opening their legs to cool their McMansions.



This, I believe, is what historians will remember about this crucial time in the story of America.

a good economy under Shrub will mean an election close enough to steal. They stole it then. They've stolen again. If it's close in 08 they'll steal it then. The only way to make sure it isn't close is if the people feel like shit. I don't like it any better than you, but this is serious shit.

He just came fom the great clinton economy. Why didn't he landslide bush?

He was not a good candidate (by which I mean his campaign was very poorly managed). The media piled onto him, and you had the whole Clinton BJ thing in the background stirring up the Christofascists. Just bad karma all the way around.

that Gore had personality minus.


When he spoke, he made boxes of rocks appear charismatic by contrast.
I like the man, I admire his intellect, but especially after Clinton he seemed rather, well . . . . wooden.

Hate to tell you but...

The "election" of Dumbya gave businesses license to do Enron-style accounting. Like the "election", this "bubble" is fraudulent. Keep your money right where it belongs...in your pocket.

n/t

I'm going to spend the same amount of money I always do, but pretty much all of it will go to businesses that are left-leaning, apolitical, or too small and local to make much difference. Even if I know a small, family-owned business in my community is run by Republicans, I would still consider giving them my business because they don't have that much money to give to politicians, anyway. They just can't do as much damage. That being said, if they're obnoxious about being Republicans, I probably would stop giving them any business. When I can, I'll also buy stuff at flea markets and yard sales.

I'm making a list of all the major chains and brands to avoid, along with alternatives, and I'll stick to it as much as humanly possible. My family and friends are going to use my list, too.

So, what does this accomplish?

- It reduces the amount of money going to businesses that support Republicans. The big baddies on my list are the ones that contribute HUGE amounts of money. If enough people do this, these companies will have less money to contribute.

- It helps left-leaning or apolitical businesses to grow. They're getting our money, and their Republican-supporting competitors are not. These companies will have MORE money to contribute.

- It keeps the economy going, but different parties than the "usual suspects" will be prospering. If 20 million people quit shopping at Wal-Mart and a even tenth of them spent that money at Costco, that'd be huge.

- It helps us avoid being accused of crashing the economy out of spite.

- If we're also supporting small, family-owned businesses instead of megacorporations, the far right can't attack that without totally discrediting themselves. Telling a Mom&Pop business (who may very well be Republican) that people should run them out of business by shopping at Wal-Mart -- it's for the shareholders and the Walton heirs, you know, who need money so badly! -- will not fly.

And, perhaps most important of all:

- We don't screw ourselves over by crashing the economy that's paying our salaries. If the economy crashes, we will be the ones hurting. The mega-rich will lose money, of course, but it will be the poor and the middle class (lower to upper) who are in big trouble. If Publix has to lay some people off, they'll have a place to go because of all the money we're pouring into other stores. If I get laid off from my programming job (at a large company that shall remain nameless), there will be companies who ARE doing okay, and I can get a job with one of them.

I'm not an economist, but it seems to me like shifting spending from one group of companies to another, while maintaining roughly the same dollar amounts, shouldn't destroy the economy.

to my original post.

But any successful economy at this point that makes the Repukes look good risks getting us another after Shrub. And with the courts stacked it won't matter in the future HOW many progressive laws we pass or how many Dems we elect, the laws will be overturned.

Study the history of how FDR stacked the courts for 16 years. No matter how hard business tried to buy off legislators who would pass regressive laws, courts always struck them down. It is FDR's stacking of the courts that gave us weekends, unions, safety in the workplace, right to strike, on and on...

If W stacks the courts, then we get another Repuke because the economy was good. It's game over. Think FDR in reverse for the next 4o years.

just remember that there are businesses in red states that contribute to Dems, and businesses in blue states that finance the GOP. Don't make decisions based on location 'cause you could be making bad choices.

and don't try to cost the little guy in America his job. we want to pressure them to bring the jobs back here.

thanks for posting it. :thumbsup: