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alstry (< 20)

Are You Sick Of Being A Sheep?



April 21, 2011 – Comments (9)

Are you ready to take back your Freedom from Criminal Bankers, Crooked Politicians, and Lying Economists?  Stay deserve better, you are entitled to own your own destiny based on your own production....because no one should own you!!!

Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety.
Benjamin Franklin

Warning: Language

9 Comments – Post Your Own

#1) On April 21, 2011 at 10:58 PM, buffalonate (68.40) wrote:

Still ranting I see.  You still haven't taken your medication.  I thought these blogs were supposed to be about investing and not conspiratorial rants. 

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#2) On April 22, 2011 at 12:00 AM, alstry (< 20) wrote:

Investing is about more and no less.

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#3) On April 22, 2011 at 12:15 AM, buffalonate (68.40) wrote:

So what the heck are you trying to get people to do?  Do you want us to kill politicians and bankers?  What would that accomplish?  I can't say that bankers or politicians have ever taken freedom away from me.  My money is still in the bank and my taxes keep getting lower so I am not complaining.

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#4) On April 22, 2011 at 12:46 AM, alstry (< 20) wrote:

Bankers right now are killing Americans.  The are impoverishing Americans.  They are making Americans homeless and taking their homes.  They are stealing from Americans.  The are paying Americans nothing on savings but charging them 10, 20, 30X that amount to borrow.  They are collapsing private businesses by funding money losing public companies with retirement dollars.

What do you think we should do?

As far are YOUR money....soon it will be worthless if the current policies continue...and only then will you complain as you sat back, said nothing, and watched millions of your fellow citizens fall around you.

Soon you will learn that the system is more important than you...and when the system is failing around better care because you will likely be next when you depend on that same system.

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#5) On April 22, 2011 at 1:40 AM, buffalonate (68.40) wrote:

Americans don't own their homes until they pay their mortgage off.  You can't blame the bank for someone not paying their mortgage.  A lot of the foreclosures are because people owed more than their houses were worth so they just walked away.  The banks jacked interest rates up because so many people were defaulting on their credit cards.  Our debt problems are not nearly as bad as Europe.  Japan has twice as much debt as we do.  Our interest payments  on debt as a percentage of gdp is historically low right now.  In 4 or 5 years if we continue to do nothing then we will be in a really bad spot but that time has not come.  The 2012 budget will go along way towards healing the deficit.  The economy is growing which will also bring in more tax dollars.  The most important thing we are doing for our budget problems is getting out of Iraq and Aghanistan.  All of our troops will be out of Iraq this year and we are going to be pulling a lot of troops out of Aghanistan this year as well.  In a couple of years if the situation doesn't improve then I will join the paranoia bandwagon with you. 

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#6) On April 22, 2011 at 8:31 AM, mtf00l (46.64) wrote:

In what states are there no taxes on houses?

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#7) On April 22, 2011 at 9:03 AM, alstry (< 20) wrote:

You have little understanding about predatory lending.  The banks caused the mortage crisis.

Our debt problems are MUCH WORSE than Japan.  They have almost no private debt, we have massive private debt, MUCH MORE than government debt.

The only reason the economy appears on LIFE SUPPORT is because the government is borrowing massively, just like housing appeared fine because the people were borrowing massively...until the borrowing was cut off, which always happens and the banks KNEW was going to happen and bet on on it, some would call that inside trading.

The most important thing is conflict is rising around the world...based on current trends, the conflict is just beginning.

There is no paranoia, just facts which you seem to be very ignorant the banks betting on the housing crash they suggestion is watch INSIDE JOB, then maybe you could learn the difference between paranoia and facts.

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#8) On April 22, 2011 at 6:26 PM, buffalonate (68.40) wrote:

The reason Japan's economy never grows is that they don't spend their money.  They save all their money and buy government bonds.  That is fine but their public debt is twice what ours is.  Our private debt is not a problem.  How do I know that?  Because the the American Bankers Association recently announced that loan defaults are down across all 8 categories.  Our private savings rate is higher now than it has been in a long time.  Half of all credit cards have been paid off and closed the last couple of years.  Predatory lending was only part of the reason for the mortgage crisis.  Easy money from the fed, Fannie Mae and Fannie Mac provided more liquidity and insured loans, people buying more home than they could afford all contributed to the financial crisis. 

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#9) On April 22, 2011 at 6:38 PM, buffalonate (68.40) wrote:

I forgot to mention the credit rating agencies like Moody's and S&P.  If they hadn't put A grade ratings on those CDO bonds nobody would have bought them.  If they had given genuine ratings for subprime bonds the market for them would have been much smaller.  The bankers were stupid but so were the regulators, bond rating agencies, the fed, consumers.

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