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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
SlowDownFast Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 04:44 PM
Original message
Bookmark this shit.
So you can look back (if the goddamn internet isn't shut down) and gnash your teeth.

We are headed for civil war.

The US is fucking bankrupt. Fuckface's War in Iraq started it. FOR NO GOOD REASON. Hundreds of billions in debt (I won't speak about the dead) with really no end in sight. I won't speak of Afghanistan.

Then he proceeds - along with our congress - to give Hank Paulson 800 billion fucking dollars to the banks that made bad deals to people who didn't read the fine print.

Obama gets elected. I helped elect him. He proceeds to support that giveaway and makes new "stimulus" (to the tune of several billion dollars more) whilst putting the foxes (Geithner, et al) in charge of the henhouse. Why?

No clawbacks? Why?

No banker prosecutions, no war prosecutions. Why?

Now we got National Healthcare Reform on the radar. Not even single-payer. The right is squealing like little piggies about our national debt - the same ones who didn't make a peep about the spending in Iraq/Afghanistan (AND SUPPORTED THE WAR!) - and likening Obama's policies to Nazi programs.

First off, we have a serious contingent of psychopaths residing in this country - the ones carrying guns to public gov't events and shooting doctors or just plain going on a shooting spree.

Second, this country has a serious contingent of ignorant, lazy and apathetic people who either didn't pay attention to the last 8 years or didn't give a fuck until we had a black president.This is excluding Fuckface bootlickers.

Then we have Corporate Media.

Info-tainment. Sensationalizing everything, whilst skipping over the truth, at America's expense. "As long as the ratings are good". Nothing will stop them as long as people are tuning in.

We're fucked people.

America has been bought and sold.

With or without Healthcare Reform, with or without a Public Option, it's already over.

This is what the ignorant, lazy and apathetic people now showing up at Town Halls are angry over. It's not necessarily about Healthcare Reform. It ain't even about guns. It's because WE ARE BROKE. Nobody knows how to express it, and the media and politicos keep us divided. Once upon a time (before Fuckface) we HAD THE MONEY TO PAY FOR HEALTCARE REFORM. Before the bank bailouts, it might have still been feasible. I'm not saying it won't pass. It might. THE US ECONOMY IS GOING TO DEFAULT. The Treasury and Fed are juggling toxic assets in order to keep the whole House of Cards from tumbling down. Plates are starting to fall. China and Russia are actively pursuing a new reserve currency in order to dump the US dollar, which is going to shit. There is no manufacturing here, anymore. We are actively heading to 3rd world status. You better bet on more market crashes. Take a look at charts from the first Great Depression.

They have us divided and conquered.

"Chicken Little" name-callers can go fuck themselves (they usually don't know shit about economics or history). It's all in the data (research it for your fucking selves).





1927-1933 Chart of Pompous Prognosticators



Chart locations are an approximate indication only

1. "We will not have any more crashes in our time."
- John Maynard Keynes in 1927

2. "I cannot help but raise a dissenting voice to statements that we are living in a fool's paradise, and that prosperity in this country must necessarily diminish and recede in the near future."
- E. H. H. Simmons, President, New York Stock Exchange, January 12, 1928

"There will be no interruption of our permanent prosperity."
- Myron E. Forbes, President, Pierce Arrow Motor Car Co., January 12, 1928

3. "No Congress of the United States ever assembled, on surveying the state of the Union, has met with a more pleasing prospect than that which appears at the present time. In the domestic field there is tranquility and contentment...and the highest record of years of prosperity. In the foreign field there is peace, the goodwill which comes from mutual understanding."
- Calvin Coolidge December 4, 1928

4. "There may be a recession in stock prices, but not anything in the nature of a crash."
- Irving Fisher, leading U.S. economist , New York Times, Sept. 5, 1929

5. "Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months."
- Irving Fisher, Ph.D. in economics, Oct. 17, 1929

"This crash is not going to have much effect on business."
- Arthur Reynolds, Chairman of Continental Illinois Bank of Chicago, October 24, 1929

"There will be no repetition of the break of yesterday... I have no fear of another comparable decline."
- Arthur W. Loasby (President of the Equitable Trust Company), quoted in NYT, Friday, October 25, 1929

"We feel that fundamentally Wall Street is sound, and that for people who can afford to pay for them outright, good stocks are cheap at these prices."
- Goodbody and Company market-letter quoted in The New York Times, Friday, October 25, 1929

6. "This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan... that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years."
- R. W. McNeel, market analyst, as quoted in the New York Herald Tribune, October 30, 1929

"Buying of sound, seasoned issues now will not be regretted"
- E. A. Pearce market letter quoted in the New York Herald Tribune, October 30, 1929

"Some pretty intelligent people are now buying stocks... Unless we are to have a panic -- which no one seriously believes, stocks have hit bottom."
- R. W. McNeal, financial analyst in October 1929

7. "The decline is in paper values, not in tangible goods and services...America is now in the eighth year of prosperity as commercially defined. The former great periods of prosperity in America averaged eleven years. On this basis we now have three more years to go before the tailspin."
- Stuart Chase (American economist and author), NY Herald Tribune, November 1, 1929

"Hysteria has now disappeared from Wall Street."
- The Times of London, November 2, 1929

"The Wall Street crash doesn't mean that there will be any general or serious business depression... For six years American business has been diverting a substantial part of its attention, its energies and its resources on the speculative game... Now that irrelevant, alien and hazardous adventure is over. Business has come home again, back to its job, providentially unscathed, sound in wind and limb, financially stronger than ever before."
- Business Week, November 2, 1929

"...despite its severity, we believe that the slump in stock prices will prove an intermediate movement and not the precursor of a business depression such as would entail prolonged further liquidation..."
- Harvard Economic Society (HES), November 2, 1929

8. "... a serious depression seems improbable; recovery of business next spring, with further improvement in the fall."
- HES, November 10, 1929

"The end of the decline of the Stock Market will probably not be long, only a few more days at most."
- Irving Fisher, Professor of Economics at Yale University, November 14, 1929

"In most of the cities and towns of this country, this Wall Street panic will have no effect."
- Paul Block (President of the Block newspaper chain), editorial, November 15, 1929

"Financial storm definitely passed."
- Bernard Baruch, cablegram to Winston Churchill, November 15, 1929

9. "I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress."
- Andrew W. Mellon, U.S. Secretary of the Treasury December 31, 1929

"I am convinced that through these measures we have reestablished confidence."
- Herbert Hoover, December 1929

"<1930 will be> a splendid employment year."
- U.S. Dept. of Labor, New Year's Forecast, December 1929

10. "For the immediate future, at least, the outlook (stocks) is bright."
- Irving Fisher, Ph.D. in Economics, in early 1930

11. "...there are indications that the severest phase of the recession is over..."
- Harvard Economic Society (HES) Jan 18, 1930

12. "There is nothing in the situation to be disturbed about."
- Secretary of the Treasury Andrew Mellon, Feb 1930

13. "The spring of 1930 marks the end of a period of grave concern...American business is steadily coming back to a normal level of prosperity."
- Julius Barnes, head of Hoover's National Business Survey Conference, Mar 16, 1930

"... the outlook continues favorable..."
- HES Mar 29, 1930

14. "... the outlook is favorable..."
- HES Apr 19, 1930

15. "While the crash only took place six months ago, I am convinced we have now passed through the worst -- and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us."
- Herbert Hoover, President of the United States, May 1, 1930

"...by May or June the spring recovery forecast in our letters of last December and November should clearly be apparent..."
- HES May 17, 1930

"Gentleman, you have come sixty days too late. The depression is over."
- Herbert Hoover, responding to a delegation requesting a public works program to help speed the recovery, June 1930

16. "... irregular and conflicting movements of business should soon give way to a sustained recovery..."
- HES June 28, 1930

17. "... the present depression has about spent its force..."
- HES, Aug 30, 1930

18. "We are now near the end of the declining phase of the depression."
- HES Nov 15, 1930

19. "Stabilization at levels is clearly possible."
- HES Oct 31, 1931

20. "All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S."
- President F.D. Roosevelt, 1933














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countingbluecars Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 04:49 PM
Response to Original message
1. So what are you going to do?
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WheelWalker Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 04:52 PM
Response to Reply #1
2. It CAN'T happen here ! Who would believe that they would FREAK OUT in the suburbs?
Edited on Thu Aug-20-09 04:55 PM by WheelWalker
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SlowDownFast Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 04:53 PM
Response to Reply #1
3. Got myself some acres
a tractor, a damn good garden, guns and ammo.

I also got some good neighbors - who could care less about politics anymore - who grow plenty of produce and are into the "neighbor" thing.



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lib2DaBone Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 04:55 PM
Response to Original message
4. Well said. You covered everything I wanted to say...
When 45% of the American Public does not want govt participation in Medicare? Duh... what else can anyone say?

CNN and Faux have dumbded down the masses.. and it ain't getting any better.
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SlowDownFast Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 05:01 PM
Response to Reply #4
5. Thank you.
I'm sure the "chicken little" name-callers will be here shortly.

Like I said in the title: bookmark this shit.

It's coming.
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KakistocracyHater Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 05:16 PM
Response to Reply #5
9. I see how they were sooo 'optimistic', it's over, it won't crash anymore,
we've been thru the worst of it-right before that steep rollercoaster drop STRAIGHT DOWN. It's why I adhere to the original meaning of the word, it is related to optometry & has nothing to do with 'happy feelings'. I think a huge mistake has been made because the banks aren't as bad as they say-the 'stimulus' giveaway was the wrong move. I believe the Banksters came up with their numbers with bankrupting of America in mind; Bush was all for it, most of his class is for it-the top 1% is post-national, if not the top 10%. Aszia is not, they foresee an economic boomtime rise, & are already throwing their weight around. I wonder how many 'american' companies are fronts for Chinese or Indian companies? That Spielberg's company was infused by an Indian billionaire/millionare spoke oodles & gobs to me.
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Ian David Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 05:10 PM
Response to Reply #4
6. I'm gonna go to Starbucks for a hand-job. n/t
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dgibby Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 05:11 PM
Response to Original message
7. Righteous rant!
Thank you. I was talking about another Civil War in another post today. It won't be North against South. It'll be Left against Right. Jack Cafferty was right-"It's Getting Ugly Out There".
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Cessna Invesco Palin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 05:14 PM
Response to Original message
8. You might have a point if we were bankrupt, but we're not. n/t
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 05:18 PM
Response to Original message
10. nwmhtt
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Cetacea Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 05:18 PM
Response to Original message
11. "They have us divided and conquered. "
Game, set, match.
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SidneyCarton Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 05:27 PM
Response to Original message
12. Believing that calamity is inevitable rarely disappoints.
Because it usually leads to attitudes and actions that make it a self-fulfilling prophecy.

Whether it be Jim Jones, David Koresh, Osama bin Laden, or Dick Cheney, people who are absolutely certain that the end is nigh, tend to start their own apocalypses.

If the people believe this, then it will not matter how much better things get, because everyone will remain tensed, waiting for the next shoe to drop.
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bbinacan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 06:16 PM
Response to Original message
13. And I'm terrified of
a collapse in the tulip bulb market. The world sure as fuck doesn't need to go through that again.
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kayakjohnny Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 06:40 PM
Response to Original message
14. And yet, I go to the beach every single morning.
Just like I have for 15 years. And I go to work every day and I pay my bills. And I have a great quality of life that has nothing to do with anything you mentioned. And I don't have to cuss and scream at people to make my point.

So, maybe you're doing something wrong.

Aside from your negative posting style.

And your user name again?
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Matt 6_5 Donating Member (101 posts) Send PM | Profile | Ignore Thu Aug-20-09 06:44 PM
Response to Reply #14
16. See there, hippy?...you're part of the problem
you and that goddamn beach




:rofl:
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kayakjohnny Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 06:57 PM
Response to Reply #16
17. Heehee....
Good one! Cheers and welcome.
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Matt 6_5 Donating Member (101 posts) Send PM | Profile | Ignore Thu Aug-20-09 07:03 PM
Response to Reply #17
18. Campai
:hi: :toast:
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Matt 6_5 Donating Member (101 posts) Send PM | Profile | Ignore Thu Aug-20-09 06:43 PM
Response to Original message
15. Amazing.
I learned to say that instead of bullshit - in charm school.


:rofl:
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scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-20-09 07:21 PM
Response to Original message
19. yawn....
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