Global Economy Bursting?

[Riick]

We are too much sheep to riot in 2012 but give it a few years
and some will get a backbone when they realize that their children will suffer.
....It is time to level the playing field.
The rich have used the congress to tilt the
table in their direction and they have all the marbles....
take it back by fiat or take it back by force... it's our choice.

The problem with this solution is that The Rich either own all the
Representatives & Senators, or they are Rich (& self-serving) themselves.

What we'd need to do this is a capital "R" Revolution,
replacing this government with another.
Which is worrisome to say the least;
Gives you the choice between the devil you know and the devil you don't know. <frown>

.

 

[Randolph Kinney]

Gold settles at record $1,793.80 an ounce

http://www.marketwatch.com/story/gold-settles-at-record-six-dollars-from-1800-2011-08-17?siteid=bnbh

 

[Couch Potato]

........

This nation needs to reduce the corporate tax rate to 12 - 15% to compete with Switzerland and Ireland...but to do so we have to raise the capital gains to insane levels............

That is not the only option. Cutting the warfare programs could accomplish the same thing. It is just a question of which votes they want to buy and how. Do they want to buy the votes using tax breaks or using direct cash payments using the tax revenue? :new_all_coholic:

 

[Couch Potato]

The SEC seems to have misplaced their work files. That ought to instill confidence in the regulators and the economy.

 

[Randolph Kinney]

It pays to have friends in the right places. Corruption is losing its vail of secrecy. :new_all_coholic:

 

[Randolph Kinney]

And Now The Fed Is Getting "Very Concerned" About The Funding Situation For European Banks

Read more: http://www.businessinsider.com/fed-...To Know Before The Opening Bell#ixzz1VNz0Wm9M

The New York Federal Reserve is meeting regularly with European banks to make sure that they have adequate cash and short-term funding amid the crisis.

 

[Austin]

Yesterday, August 17, 2011 was a milestone in the demise of the progressive’s mania model of world utopia of spending the way to prosperity. As we all know they have bankrupted the world’s economies with their claptrap-voodoo economics of spending is the way to prosperity.
It all started yesterday morning on FOX. They had an attention getting promo for John Stossel’s program last night. It was highlighted something like; “Prostitution, drugs, gambling, what’s wrong with it?” Then in the afternoon on the talk shows I kept hearing talk of legalizing marijuana. Then again last night I tuned on Fox and they were interviewing former NY Senator Amato. Amato is now a Washington lobbyist. He was highly animated and his subject was legalized on line poker with the proceeds going to the Federal government. The subject of legal marijuana and prostitution also were mentioned and Amato was animated beyond belief at the possibilities this all has to lower the tax to a flat rate and finance all levels of government with prostitution, dope and gambling.
This talk must really be making the rounds so I am sure we will get an ear full in coming months. This just shows the moral bankruptcy of this crowd. This is nothing more than a tax on the poor and middle class. Frankly I like the concept because it is just a tax on the stupid and impulsive idiots in the world the vast majority of who reside on the opposite side of the fence me from me politically. My problem with it is that it is a vicious circle. This is the same crowd that gets their money in the form of a government checks. The government in turn, unable to get funds from conventional sources is just channeling the printed money back into the community trough. Just another form of progressive economic masturbation. This is like the Indian casino gambling racket. The white boys run the racket and the injun tribes get a cut of the loot all done in the guise of reparations to the injuns for past sins.

 

[Randolph Kinney]

QE3 is the FED fusing money (printing money) into the European banks so that they don't collapse by the money leaving Europe and running to U.S. banks and U.S. Treasury paper.

And the markets show it: Look at the 10-year U.S. T-note = 2.02% a new low, 30-year U.S. T-bond = 3.39% a new low.

And the world stock markets are showing their concerns over Europe with another massive sell-off day.

 

[Randolph Kinney]

Philly Fed’s factory index in August freefall

Regional gauge falls to negative 30.7, stunning markets

http://www.marketwatch.com/story/philly-feds-factory-index-in-august-freefall-2011-08-18

 

[EDWARD BERRY]

Arkansas Passed A Lottery Bill-proceeds To Go To College Tuition.
Naturally It Passed.
Guess Who Plays It The Most.
People In The Poorest Counties (read Food Stamp People)

I Cannot Recall The #'s But It Was Around $368 Per Capita In Poor Counties And Around $180 In Prosperous Counties.

What Can You Expect From A Guy Like Amato? Moral Decay Ideas At The Worst.
Please Keep Him East Of The Mississippi.