• Gold Price

  • Silver Price

  • Kindle Edition -- On Sale for $2.99

Tip Jar

  • Barron's quote

Reviews
and News

Important Disclaimer

  • This site is designed to provide accurate and authoritative information in regard to the subject matter covered. It is published with the understanding that the author is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional should be sought.
    This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
    The opinions expressed are those of the author and do not necessarily reflect the views of any other individual or organization.

Copyright

  • © 2004 - 2012
    Michael J. Panzner

« Other Fallout from the Downturn | Main | Fiction as Truth »

September 28, 2008

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451591e69e2010534dba2f5970c

Listed below are links to weblogs that reference Not Just the Feds:

Comments

The idiotic Ideology of deregulation is over.The US can no longer
longer lecture other countries on fiscal responsibility,it has
lost its global clout and is now viewed as a totally corrupt society
as for the future our fate is sealed by the interaction of war and debt.
If these problems where happening in China we would be reading about
the horrors & failures of the communist system but in Capitalist
Anglo Saxon media its only happening because of individual greed
and bad management,its an INDIVIDUAL thing not a system failure...
YEA RIGHT!


Financial Armageddon is ahead of the problem as usual.

Not to dismiss AP.

But let's say that Hank was being economic with the truth.

If the bailout of Wall Street goes through, how much "money" is left to bail out the States that make up the United States.

Bailing out Wall Street may be the greatest misallocation of State finance in history.

$700 would go a long way for States and State Banks.

Just an opinion.

Everybody talks about getting Banks to loan again. What came first-the chicken or the egg? What came first- the Banks/loans or the Consumer/Borrower?? My contention is that you have to have a HEALTHY Consumer/Borrower for the whole game to work. If you have a creditworthy consumer-- "They will Come" (the bankers with their credit/money..

Think about this - brilliant in its simplicity. The problems affecting this country and being used as the reasons for the bailout are: home prices are depressed - too much red ink on mortgages, economy is in the toilet, inadequacy of capital, overabundance of debt, Low or non-existent percentage of personal savings, frozen financial markets, and local & state finances with much red ink, and lets not forget the underfunding of entitlement programs like Social Security, Medicare, & private pensions. Take care of it ALL with the same $700-billion. Instead of giving it to the wall-street bankers, divide it amongst the adult CITIZENS of the USA (about $530K per adult) and tell them to go spend! - The middle class would pay off their mortgage and bills, open a savings account, invest, buy a new car, start a business, etc. Advise them this is in lieu of all SSI payments and have the government stay the Hell out of the way. Spending must be done within the US & let the people spend the money as they see fit - wiping out all debt along the way and igniting the US economy. Inflation might be a problem but, oh-well, it'll be a problem in the future anyway. The main stated problems - decreased property values are a moot point as troublesome mortgages are paid off, and low-income citizens become home owners if they desire. LOL. It's crazy enough to work? Think about it....

I'm glad we had this talk, I'm feeling MUCH better now.

Black Star Ranch--- That's one VERY INTERESTING concept. Maybe the big boys are reading this blog.. and will get some ideas.

So here we are - everybody is talking bailouts of historic proportion. So many billions. Unfettered capitalists turned unfettered socialists overnight.

Do folks know that it took a mere $10B dollar to develop the ultra sophisticated Boeing 787, a liner which will fly untold millions of people for decades, generating many may thousands of good jobs, help create tremendous economic wealth, yield great satisfaction for those who design and built it and those who operate it. All for a drop in the bucket compare with these bailouts.

And what do these bailout do - they buy nearly worthless financial papers from failed or failing banks who face failed business models - who basically gambled trillions of other people money and lost their shirts. So the government now want to 'invest' a trillion dollar to these banks, banks who make absolutely nothing, create absolutely zero industrial value of their own.

Yup, the game is over. Not only for the banks. But for the US of A as a major power, as a country people respect.

The comments to this entry are closed.


Information, Bulk Sales, Etc.?

Enter your email address:

Delivered by FeedBurner


When Giants Fall - NYPL Presentation

  • National Debt Clock

Highlighted Blogs

Blogroll

Other Resources

Google



  • WWW
    Financial Armageddon


Finance Business Directory - BTS Local
Blog powered by TypePad