UPDATE: “These people are idiots.”
[youtube:http://www.youtube.com/watch?v=wGHgzlJMNL0 450 300]UPDATE II: Going for the trifecta with this one.
[youtube:http://www.youtube.com/watch?v=BcWWaWmFJjQ 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter
Fly is god.
Short HOTT with impunity and reckless abandon.
Nice find. “We’re not geniuses in economics and finance…we don’t know.”
Get ready for Wall Street prosecutions, tax protests, violence, the whole shebang. People are pissed.
BTW, I sold 8k GE at 12.28. Holding 2k. Stupid trade. Wish I had sold it all. I hate holding over the weekend. Maybe we get this big bang package and a substantive rally on its back?
Shit! I’m 3rd? WTF? At this hour?
The Fly is God.
The Zombie is Slow
Novagold, Novagold,
Does whatever a miner can.
Digs a hole, any size,
Catches bulls,
Just like flies (but not Mr.Fly)
Look Out!
Here comes the Novagoooold.
In the chill of Rock Creek,
At the scene of a mine,
Like a streak of light,
I get out,
just in time!
Novagold, Novagold,
Friendly neighbourhood Novagold,
Will it fall?
LIsten bud,
It produces naught
but clay mud,
Look out!
There goes the Novagoooold.
Classic!
We have idiots running the country!! Not one of them knows what the fuck is going on!! Not one!
All they know how to do is print money.
They better fire up the printing presses because we got a whole lot of shit that’s ready to hit the fan!!
I’ll stick with my SKF, SRS and short SPY
oh! and fuck GS too!
http://www.iht.com/articles/2009/01/29/europe/france.4-418938.php
Let the revolution begin!!
Turning over a whole crop of congresspeople in 2010 would be the most democratic thing that ever happened. If we’re down from here then well..
Holy fucking shit we could be down from here then. I think I’m starting to get this. SHIT
The thing I liked on CNBC this week was the coverage of 2 trillion as “the” number for bad assets. Bwaaa you say??
Banking system is unfixable, there’s too much shit. Marx himself said capitalism would lead to mass credit default and communism, soon we can call him “good old Dad”.
A million seconds equals 12 days.
A billion seconds equals 32 years.
A trillion seconds equals 32 thousand years.
They may go crazy, but what are they going to do? throw the Dems out next time around. The US political system needs serious fixin’.
The Zombie is a cocksucker
That answer did NOT in ANY way calm that woman down.
She is sharpening her pitchfork as I type.
j: You have forgotten how “CRAZY” things can get and what “THEY CAN DO” !!!!
http://www.youtube.com/watch?v=BKTw-UHalZc
There will NOT be any VOTING going on !!!!
Not that long ago Cramer said CAT Under $40 was a Gift now $30. GS to $300 AAPL to $240 GOOG to $1000. On a video he said BDK a buy next day down $8 points.
Yea, Sbortb, I was there when the riots started and they just happened out of the blue, no one was expecting that sorta shit to go on. Well I was in NYC, not LA.
The place seemed to go haywire as a result of economic hardship.
My guess is that if anything like that happens, it does so in the summer.
Being far away (Australia) I can’t quite feel the mood on the street.
Hmmm. Sounds like the guy is back paddling in a big way. According to my calculations if we had taken the 4 trillion dollars and divided it equally amongst the 100 million US households each would receive $40,000. I think that would help the economy, since the average household nationally has an income around $50,000. Most people in government are far to removed from the average person to understand their situation. By the way I have extra pitchforks when your ready…………..
Oh and in case you were wondering where I got the 4 trillion dollar figure from here’s a link.
http://money.cnn.com/2009/01/27/news/bigger.bailout.fortune/index.htm?postversion=2009012704
Anyone watching Europe? Ever sat down at the desk and sometimes wondered … Oh yea what ever happened to those Swap lines the Fed arranged with the Euros and when the US is going to get it’s money back? You know, seeing the US needs the mullah sorta now.
This is why the Europeans are loudly demanding a new financial architecture.
Guess what guys, you aren’t. It’s around 400 billion and probably gone down the plug hole.
Now that would really get the pitchforks out.
Excerpted from Barrons:
particularly vulnerable to further decline seem to be: Switzerland’s Credit Suisse (CS) and UBS (UBS), as well as Britain’s Barclays (BCS), Austria’s Erste Bank (EBS.Austria), Sweden’s Nordea (NDA.Sweden), the Netherlands’ ING (ING), Belgium’s Fortis and Spain’s Banco Santander (STD). These highly leveraged banks have huge emerging-market exposure, and reside in European countries whose financial resources are small relative to the assets of the giant banks they host.
Little wonder that countries have had a difficult time selling their own debt to investors worried about both general economic conditions and the possibility that the banks’ problems may overwhelm their governments’ ability to cope with them. Moody’s Investors Service recently downgraded the credit ratings of Latvia, and commented on Greece; the agency cited, in part, bank problems in both countries. Ireland was just put on credit watch with a view to downgrade by Moody’s because of its banking crisis.
How can the governments raise the cash to repay the Fed? The possibilities include printing more currency, thus undermining the euro’s value and increasing inflation; selling more sovereign debt; or raising taxes. None is a pleasing prospect.
A further complication: Countries such as Ireland must go along with whatever currency policy the European Central Bank chooses, even if it isn’t necessarily the right one for the nation. Those outside the ECB currency regime — like Switzerland — can custom-tailor their monetary response. Ireland has gone so far as to threaten to leave the monetary union unless it gets more
Milt. Friedman used to always say that the Euro won’t be able to handle the next big recession.
I sold the Euro and looking to build more. It’s fucked. If, or when it’s gets to 1.2560 the next level is 1.1500.
Increase food stamps etc. is fine vs. spending hundreds of millions on STD prevention plans, re-sodding the National Mall, etc.
This stimulus bill is a total joke.
any amount spent on food stamps and free gifts to unemployed is better than $10B a month in iraq. bring the troops back and start investing $10B every month in our own econoimy – boom, all problems solved! carmakers get their 30B in 3 months, then every 3-rd month BAC, C and GS get their 10B. Do this every month for 5 years in a row (the length of the conflict) and we will be fine. o yeah, we will need to reelect current prez so that he is in office in year number 5 to continue this process.
“Give $ directly to the household”, “bail out the auto industry”, “more food stamps”.
Who the fuck cares? Its a trillion dollars, whether its on tax cuts or pork, the end result is the same.
We can’t afford it, the world eventually won’t allow it, and the end result will be Devil Doggish….except for his predictions on the price of gold.
Perhaps the Euro is fucked, but in my mind, its a race to the bottom for all currencies.
Buy guns and ammo, and liquor for the pain.
Invest in the three G’s. God, Guns and Gardens
How about this: Buy your electronics this year, because next year they may not trade their nice flat panel LCD’s for our paper. See Argentina
Who needs LCDs when the grid is gone?
All this reminds me of an old Uncle Tupelo song…
“Whiskey bottle, over Jesus. Not forever, just for now. Not forever, just for now…”
Google has either been hacked or their Spider is fucked. Breaking now. Try it.
I did and it’s working fine for me.
—————
it will be interesting to see what happens as they all reflate.
Gold up, dollar up against the Euro, Yen up against pretty all but not so sure against the dollar though, Aussie up once the liquidity gets pumped in hard.
It’s gunna be a fun game in currencies..
Can the revolution wait until I’ve had a little time to enjoy my new couch?
J – Not that I know anything about trading currencies, but I have to think that its almost impossible sort thru currency fundamentals right now. Is it? Do you trade on short term trends?
You have to be very short term at the moment as the vol will kill you.
“failure of the markets would lead to failure of our economy and POLITICAL SYSTEM!!!” gee…wonder who’s interests they are worried about
I read little about the great depression the last few days.
During the dpression interest rates collapsed from 6% to below 1%. There was a huge flight to quality on a global scale. Virtually all of Europe defaulted or suspended it debt. This led to a massive flight to quality that caused the buying of dollar, driving the dollar to new highs and eventually led to the Passage of the Smoot-Hawley Act. The economic contraction was so bad that Britian even cut loose Canada, allowing it to be recognized as an independent nation. By 1932, congress enacted the Norris-La Guardia Act, which was the first law to support organized labor activity. It was the global flight to the dollar that confused politicians and sparked protectionism. gold also jumped-
History does repeat itself. We see these things happening today.
China says lunar new year spending up strongly
http://www.reuters.com/article/businessNews/idUSTRE50U1J320090131?feedType=RSS&feedName=businessNews
Maybe they’re broke via US investments and they just don’t know it yet.
Buy guns and ammo, and liquor for the pain.
___
And smokes for currency.
Hey T Moe, Thanks for the post of the thousands of Frenchman protesting. What an opportunity! Remember what Zig Ziglar said in his salesman seminar, “Statistics suggest that when customers complain, business owners and managers ought to get excited about it. The complaining customer represents a huge opportunity for more business.” Well, I don’t know about you, but I AM EXCITED and think this an ideal oppurtunity to sell these protesters some US Treaurys! Complaints = More business! Wow, and you guys thought we needed a “Bad Bank”. Silly you!
Amen Woodshedder.
And smokes cause it won’t matter anymore…
I’m becoming paranoid – the pitchforkers may be after all the gold that I am hoarding.
http://news.bbc.co.uk/2/hi/technology/7862840.stm
Google’s search service has been hit by technical problems, with users unable to access search results.
For a period on Saturday, all search results were flagged as potentially harmful, with users warned that the site “may harm your computer”.
Users who clicked on their preferred search result were advised to pick another one.
Google says it is unclear what caused the problem, which is now resolved, but that it will make a statement later.
“There was a fault. We don’t know the nature of it yet. Everything has been solved. We are still making initial enquiries, ” a Google spokesperson told BBC News.
Guns and ammo will have a higher barter value if the Steet Fightin Man/ MAD MAX shit happens. And these events will unfold at light speed, people are really becoming scared and mad, one spark and it could become a urban renewal from hell with the suburbs right behind. You will find that those wiyh the guns will take EVERYTHING from the unarmed. Look at any country that has gone through a revolution in any continent, it’s ugly and horrific. I’m not as good a trader as many on this sight but I have real life experience with the subhuman violence that can occur in these situations. Be safe if you are not the owner of a weapon buy one . Nothing esoteric just a pump shot gun and a substantual amount of ammo. Ask the gun store owner or someone familiar w/guns for advice. Practice using it at a gun range..pay an instructer..better safe than raped and dead…Peace
Christina, please post more often…to balance out the effect of Lady G.
Thx in advance
where is lady g anyways, prepping for rafa-fed?
YOU STUPID MUTHERFUCKERS.
Did you even LISTEN to that Congressman ???
If he was telling the truth, even one iota of the truth, you fuckers (along with everyone else) were a few weeks from starving to death last September.
And all you can do in response is babble on about what stock you should or should not buy.
You fuckers are too dumb to live.
FLintstone”
Good point.
However, I still contend, FAZ would have been a Godly buy if that happened.
Fred-
You are misguided. The congressman knows shit. The Bailout was sold to us in a hasty matter because Paulson had to take care of his friends. Hell, how many billions of dollars were used to pay bonuses. Open your eyes you dumb fuck. You think that Google, IBM, Exxon, Chevron would have gone out of business if the bailout would not have passed?
The bailout was and is bullshit. A bank has to fail to wash the shit out of the system. A capitalist system that is. Fuck the rich bankers let them eat soup IMO.
What good did the 350 million do? Tell me FRed
However, I still contend, FAZ would have been a Godly buy if that happened.
HAHAHAHAHHAHAHAHA
Flintstone, some of us actually prepared for the worst. I had enough food, water, and gas saved up to last a long time. And cash.
We have won the battle and lost the war.
The War is not yet over. If there is impending doom, I intend to profit immensely like Jesse Livermore in the 30’s. I don’t intend to make a fortune and lose it all like he did though.
I really don’t think the stimulus will work. Or the so called big bang they intend to drop on the financial system. It have a short term effect and lead to a short term mega rally, for which I will be prepared, but there will be more pain. What in the hell are they going to do with all the CDS’s. Nobody is even talking about that
Did you see the $14 million to have a board over see a board to over see the stimulus package.
How about the condom and STD monies….?
This stimulus package is a sad attempt at stimulus.
No matter what folks do not get pitchforks in hand.
Use the pen, email, or the phone.
There are going to be tough times ahead and the best protest is verbally or written from your home.
Trust me you do not want to experience the plasma gas taser crowd control measures…
Okay. Here is the latest. It appears there may be an announcement soon (Thur.) and the FDIC will be running the “Bad Bank.” Still plenty of questions.
http://www.cnbc.com/id/28935289
Told you Gaspirino was setting up the short sellers for a fall…
Who cares about bad bank bullshit run by the FDIC bullshit, its none event IMO. So what? Banks still not going to lend, this mess is caused by irresponsible lending, it’s not going to be solved with more irresponsible lending!!
The loser is tax payers AGAIN here!, Obama will use tax payer money to buy these toxic assets from these greedy banker at premium price.
By the way government wont get much tax with so many unemployed
hey peeps what da ya think ’bout article in barron’s:
“Marty Cohen sees a rare opportunity to buy quality REITs at fire-sale prices.”
http://clusterstock.alleyinsider.com/2009/1/gasparino-drops-an-f-bomb-on-air-clip
Marty Cohen is a fucktard.
Marty Cohen is a fucktard.
——————–
i can not dispute that but… he is a real estate veteran and a pro :-). This is what he said: “Meantime, it is hard to imagine valuations getting much worse”.
Sure. I am sure the shareholders of GGP thought the same.
I cancelled my Barron’s about five years ago after a twenty year subscription. Anything in this weeks issue about JPM,WFC or insurers like Hartford,Metlife?
There was a pretty good runup into the close and I am always suspicious that the printers employees are buying and selling late Fri afternoon.
this bitch is a loon.
JPM said they were having a harder time than they expected integrating Bear Sterns. I wonder how they are doing with the WAMU integration. WAMU had so many shitty loans on their books. There has to be some fall out for JPM.
my freaking delivery guy did not deliver it this weekend, trying to read through online version… do not see anything yet about jpm or wfc..
Marty Cohen is about 2 years too early … he’ll be choking on his REIT investments over the next couple years.
JPM’s Dimon also told CNBC that they will probably not take part in the sale of assets to the so called bad bank.
Haven’t we seen this Movie before with Thain, Cayne, Fuld
Everything is ok we will be just fine. I may be wrong but i am skeptical on how JPM avoided all the pitfalls.
yes, there is Hartford story in this week’s B:
Hartford Financial is on firmer footing than investors might think, making the insurer’s stock look like an ultracheap bet on recovery in the bond market. A chance to double your money in the next few years.
————
to Peeps. Thanks for the info.
PS Barrons is screwed if the Post Office stops Sat. delivery.
I’m guessing that holding on to my fas over the weekend is a good thing
Vicious, thank you.
Been posting here for months under countless different names. Rarely the same name twice. I love making up names on “the fly”. It gets my creative juices flowing to always come up with a new name.
The names people make up are one of my favorite parts. You can be creative, without a bunch of red tape. I love that freedom to be spontaneous and irreverent and profane. This place cracks me up.
Then LG showed up, and it started making my cringeonmeter go off the charts.
What the FUCK is that? Oh shit.
Last week was the final straw. My blood was boiling. I knew I had to come out and try to help redeem our gender in some small way, clawback some of the damage.
I will still make up names though. Thank God for boca and junglegirl. You rock.
And, as he fights off lawsuits from angry investors, Dick Fuld, one-time leader of the now defunct Lehman Brothers, has sold his three-acre Florida estate for a princely $100—to his wife.
Gun shows are PACKED!!!
I listened to Mike Morgan’s conference call last Sunday night, and he marveled at how packed the gun show was that he attended in Florida last weekend. He said he’s been going to gun shows for years and has never seen anything like it. He could hardly move around in the place. People could have used shopping carts to haul all the guns and ammo they were buying. The parking lot was like Rambo goes ballistic. He himself is definitely loading up.
I was thinking about getting a junior shotgun with buckshot shells and a Ladysmith revolver.
My nephew-in-law says I don’t need a gun. He thinks it’s too dangerous…I am pretty small and a weakling. Not real good with recoil.
He pointed out some alternatives and suggested….pepper spray gun, bear spray, tactical flashlight, tazer. I like the distance factor of 15 feet or more.
What advice could any of you please give???
Cut me a damn break. These old farts are pathetic. If MY state congressmen has no clue what to do, and “he doesnt know,” then why the HELL will I be paying tax money when my time comes to do so on $800 billion of money that was used predominantly to shut the American people up? Why the hell do I have to pay for Capital Hill’s atrocious mistakes? I mean, come on now: if you really “don’t know” about the current situation and you’re “not economists,” then why the fuck did you geezers set up the initial precedent of “too big to fail” in accordance with your bailouts of FRE and FNM? WHAT THE HELL IS TOO BIG TO FAIL. Was that Lehman Brothers? Was that shit Bear Stearns? Was that just a terminology pulled out of a congressmen’s asshole in order to keep US quiet so we THINK they have this problem solved? These were investment banks that were two of the largest worldwide, and you mean to tell me that they weren’t “too big?” Fuck those assholes. You want a good legislation to pass? I’ll give you one: term limits for senators and 2 congress sessions AT MAX for those wastes of space using my oxygen supply in congress. We need new names in there with more innovative minds that can come to a legit concensus and deal with this issue in a manner that they know what they’re doing.
ZM
re: Christina
All the non lethal items you mentioned are good in non lethal situations..There will not be one person coming at you, there will be roving packs. You need to engage at as far a distance as possible to stop their advance asap.Your nephew is a pansy, he will be an easy take down..The easy and ill prepared are always the ones that drop first as preditors sense their vulnerability. Buy a pump shot gun in a gauge that is light recoil..20ga.and the ladysmith is good choice..get rapid reloaders and you MUST practice to give you familiarity and confidence. As a woman you will need everything you can have at you disposal.This , if it goes south, will not be a 911 situation, it will be all on you. Prepare for the worst hope for the best, there aren t enough cops or military to enforce a serious wide spread”social breakdown”
Christina … try
some prozac.
If that don’t work,
masturbate more than you currently do.
If that still don’t do the trick, try a laser gun.
As the banks continue to wallow the short seller like myself will again become the target. In fact I can’t believe that they did not ban shorting the financials as BAC started to unravel. The common reaction in every financial crisis is to attack the short players. But what government and academics fail to get is that when a market is crashing, only the shorts have the courage to buy during the decline to take a profit. Much like what happened last week. Short-covering provides the appearance of buying for the reason of actual bullishness. When the short-covering raly comes even government cheers, but like a fool they delight in their own applause. Shorts provide the balance and create rallies even when there is none. IMO most of the rallies that we have been seeing are the result of short covering.
I think Claire is just looking for some John Thain cock in her ass. We could make it American Psycho style then fuck the bitch up really good. Maybe Thain could end the segment by throwing 400k worth of hundreds at her on the bed. Sounds like a good movie.
In other news, I told you fuckers there was something wrong with Google this morning. Sounds like Vicenzio got ahold of their servers.
“What in the hell are they going to do with all the CDS’s. Nobody is even talking about that”
The what – $43 trillion elephant in the room?
Is this what takes out the Euro?
It funny how the Government has succeeded to fully blame Wall STreet and has not taken any of the blame themselves from their failed policies. And the public has fell for it hard. By pledging to prosecute the greedy people on Wall Street the Government has exonerated itself, identified the guilty, tried them for all future juries, and set in motion what could be the fate of capitalism itself. History stands as witness to the sad fact that with every bubble and financial crisis, the government no matter who that may be increases its power and blames the targeted class.
For Hitler it was the Jews who controlled the banks and finance along with commerce. For Nero it was the christians who he blamed for burning down Rome setting in motion almost 300 years of spectacle sport – feeding Christians to loins. For Marx is was the greed of the bourgeoise the wealthy select group of the middle class. It matters not who is in power. It matters not if it is a monarchy, dictatorship, or a democracy. All governments throughout history respond the same. They point to a specific target of people attach the blame that exonerates themselves, and then let the games begin.
I am not saying to cover up real crime. We must just be careful to ensure the criminal laws are not once again used for political objectives.
Sorry, T Moe – that was me, quoting you.
It may be what takes out the Euro
It was AIG London that wrote insurance on the CDO’s from the encouraging of no other than Jamie Dimon and JP Morgan. They brought in something like 3.26 billion in rev. in 2005 from CDS. The European Banks got wind of this and they got involved as insurance for portfolios.
To peeps-
Do yourself a favor: assume any douchebag in Barrons calling a bottom in anything is trying to get out of a bad trade. Then cancel your subscription. Then look in your bathroom mirror and remind the retard looking back at you that that he is a highly condensed pile of credulous simplicity.
T MOE – excellent points!
Btw – anybody notice that if you look at the $99B of tangible equity on a certain stagecoachy institution’s balance sheet, subtract the $25B that came from Hank the Wank, subtract let’s say 90% of the $60B yet to be written off pik-a-pays from Wachjobovia and then think about the fact that Moody’s just downgraded Alt-A paper of which the roachcoach holds $100B+, there’s not much if anything left? Just sayin’.
Look out for CAT Finance, currently levered 7 to 1.
Good point j-daddy. The Wachovia deal will end up screwing them, just like I think JPM is in for a rough road with the WAMU deal. Both Wachovia and WAMU had a ton of shitty loans. No way they got rid of that shit so fast.
Who is the banking victim to fall. Bigger bank not one of these bullshit crap houses with 300 million in dep.
My guess is that it might be Regions unless the government comes in fast
tradercaddy: barron’s weekend Summary:
http://www.tradethenews.com/forex-news/Americas-Macro/story/529686
(has Hartford Fin in it etc)
Fly are you still the Michael Phelps of this blogging game? Blogging while bonging?
Thanks for the link hey TC. It was probably either the Barron’s delivery guy or the printer buying Hartford in the late Fri. PM.
Of course I seem to recall Barrons putting JPM on the cover in Oct. (I think) touting it as a buy. I believe it was trading about 40 or so then.
But, the mentions are always worth a Mon. bounce.
Fly. How is Disney treating you?
Could’ve brought the family by my house for a Bar-B-Que. I grilled marinated flank steaks.
could someone fill me in on the vid link. i’m at work and it’s blocked
Re: WFC/Wachovia:
Wach numbers were not included in the WFC numbers this Q because the deal didn’t close until Dec. 31 but: a $11.2 billion loss for the period with $37.2 billion write-down of assets.
I’m assuming that the end of day pop in WFC was spec $ betting on a bad bank announcement, and it does look like CNBC is up to their bullshit again (“COULD be an announcement…on Thursday!!), so who knows what happens to financials on Monday.
WFC’s Wach and California exposure will be an albatross for years…but I really don’t know what happens short term.
What ever happened to Fucktard? – From the old blog.
Michael Phelps could be finished if the story below is true about him being a doper.
http://www.newsoftheworld.co.uk/news/150832/14-times-Olympic-gold-medal-winner-Michael-Phelps-caught-with-bong-cannabis-pipe.html
Next thing I’ll read is that Tim Tebow is transferring to FSU for his last year.
Christina
Gunshows are for freaks. But yes, you should own at least one gun.
I hope wall street gets broken up. It will disperse the people around the US. I am on the west coast and I need more crazy ass, type A, load mouth trading types in my neighbourhood.
Christina, I wouldn’t recommend pepper spray. It’s not directional enough. The stuff gets in the air and chokes up everyone near. If you sprayed it in your house, your whole family would be at least coughing uncontrollably at least, perhaps their breathing seizing up. I think mace a much better choice, but I think it’s illegal now in a lot of places.
hey it wasn’t my fault- I got my blunts from this cop:
http://www.youtube.com/watch?v=gIMAGVyR35o
this is peeps to jdaddy:
you mother f*cker donot need to be a smart ass, go f*ck your mother and then do your lesbian sister and s*ck your gay father’s c*ck! did you like that you f*cked little pussy? if you donot read barrons then f*ck you and your mother! i do not care about that, and i do not make remarks on that, but you do not need to be a smart ass because you are not.
maelstrom,
You’re right! Prepare for the worst. Help is not on the way.
But even in the best of times, it’s always ultimately all on you.
Roving packs.
You got me thinking. FBI: 80% of crime is gangs:
http://www.usatoday.com/news/nation/2009-01-29-ms13_N.htm
Is that what you mean? Guess I’ll have to start thinking more about this pack/gang thing. Bummer.
FYI, nephew-in-law is not a pansy. This Christmas, he brought out all the guns, showed me all the knives, the rapid reloaders, various and sundry other blunt instruments of pain hidden in closets and drawers throughout the entire house.
-I’m talking 10 handguns, 6 shotguns/rifles AT LEAST!
-Stuff like special kinds of personal defense sticks
-All he asked for this Christmas and this birthday is ammo
Subscribes to the magazines, major hunter, I could go on and on. Typical Southern guy. Locked and loaded. One of my first lines of emergency defense would be to run to his house. This is why I was surprised by his advice not to have a gun.
I need to get in touch with my inner Sarah Conner!
To be able to at least go down fighting.
Dr. Phil,
Thanks for the advice. I am your biggest fan. I masturbate to your show all the time while heavily armed and medicated.
^lmao…
‘A man with a gun is a citizen. A man without a gun is a subject.’
Don’t forget to add some night vision goggles.
A mean ass dog and/or a good alarm system helps too.
Shed – I still have my stockpiles. I’m rollin’ Mormon ovah heah. Those folks have the survival thing dialed in.
Christina – 12 gauge shotgun with shorted barrel, pistol grips if it is comfortable, and decent ammo. The racking of the shotgun alone will strike fear into the heart of anyone not addicted to meth.
http://www.learnaboutguns.com/2008/03/30/selecting-a-gun-for-home-defense/
Alphadawgg is the gun guy here. Drop him a note, he’ll have good ideas.
So the apocalypse is back on? Glad to hear my preparations won’t be for nothing, just need to stock up on a bit more ammo, propane, and cigarettes for trading.
Christina, glad you’re here, you’re funny as hell.
BTW, I’ve heard rumors Bank of America is in trouble, who knows what is true anymore about any of the banks, or the good/bad bank thing either. I just don’t trust any of the news.
We are missing several people.
We know you are here.
Get back to your rooms in the paranoia section now!
I know Marty Cohen.
Bright Guy.
If CNS had not IPO’d (2005), he would not be a REIT cheerleader right now.
What a difference it makes to be defending a share price, rather than advising clients/funds.
When people making $12 an hour are being asked to “help out” and take $10 instead…
When you have some of the best businessman in the world, like Sheldon Adelson and Steve Wynn….who thought opening Las Vegas in Macau, China would save their business because the economic slowdown was a “Western thing”
http://www.theglobeandmail.com/servlet/story/RTGAM.20090130.wmacau0131/BNStory/International/?page=rss&id=RTGAM.20090130.wmacau0131
I suggest reading that article, as a real insight to China’s problems (limiting wealthy Chinese folks to visiting Macau once every three months!).
Seeing these big guys screw up so bad…to lose (in public) billions in net worth…well, that is unprecedented.(Madoff’d)
Global economy or not, America will recover first.
Hey Damon:
Good to know you’re actually reading real newspapers now.
But you should know, this: http://www.theglobeandmail.com/servlet/story/RTGAM.20090130.wobamaagenda30/BNStory/National/home – that’s bad mojo.
Smoot-Hawley anyone?
I see dead bulls.
MOOBER –
No, DEVILDOG is the gun guy here. you want info on trading ideas, you don’t ask some financial blogger, you ask a US Marine.
We have truly entered a paradox here with the first two videos (though i love the third guy too). Aren’t US banks private institutions who can/should do what they please with their money? Shouldn’t they be allowed to give bonuses to their prized executives?
I guess the Senator from Missouri doesn’t understand that we’re not yet a socialist nation. We don’t set salary caps on private businesses. This kind of shit gets me the most pissed off. I swore to support and defend the US Constitution against all enemies. I am prepared to take a bullet if someone is attacking America (though I will more likely put a bullet in that guy’s face). Why aren’t our elected officials who take a similar oath actually following the Constitution? This kind of gov’t intervention in the financial system is the reason we ever had a bubble in the first place.
I’m sick and tired of seeing my country eroding beneath these politicians who don’t follow the Constitution, and don’t give a shit about their constituents. Each of you oughta be sick about it too. What’s the answer? I’m truly at a loss.
Semper Fidelis
“12 gauge shotgun with shorted barrel, pistol grips if it is comfortable, and decent ammo. The racking of the shotgun alone will strike fear into the heart of anyone not addicted to meth.”
When was the last time you fired a 12GA W/pistol grips? They look great in the movies, ‘specially when racked w/one hand like Rambo, but no fun to fire.
May I suggest a long gun; a 10/22 will get the job done and ammo is cheap, an S&W mod 66 w/4″ barrel and .38 +P is fine as a back up, better yet for close work try .38 wadcutters
a tricked out, scoped mini 14 is a good choice or an SKS.
@hammy – I think the point she’s trying to make is that IF the company takes Federal monies, it should follow certain guidelines.
Nothing socialist about that, your bank loan officer has certain requirements that you need to follow to get a mortgage right?
What the guy in the first video failed to mention was that the same thing was happening elsewhere – I think the Fly posted a link to an article about how the Bank of England nearly went bankrupt by a few hours last fall as well.
@The Fly:
Does the PPT have the ability to list the number of entities that received TARP funds that were incorporated elsewhere, say in the Bahamas?
Well…zing.
Econ already in depression. The assholes at NBER just haven’t confirmed it yet.
Inventories are swelled.
The last guy was pretty good.
The other two were idiots.