This is precisely why I don’t have TV.
These guys and the ferocious-guest-tossing-female-Pit bull - just don’t get it.
At all.
Elizabeth Warren is every financial bloggers idol. But we all know they invited her to the party after it ended.
The “Silver Bullet” is bankruptcy & reorganization.
Mike is right about us competing against China - won’t work, especially if there are no manufacturing jobs here. He is preaching to the choir about Willy-Nilly Bernanke-the-Lunatic-Counterfeiter. And he is right about balancing the budget.
But, he didn’t clearly enunciate how to balance the budgett: BK Mike.
BK.
Maybe he was afraid that the ferocious-female-guest-tossing-pitbull would bight him in the rear and drag him off-air - again?
Keith is right: Cutting taxes won’t balance the budget. It’ll make the printing-presses spin faster. So will slashing government - it’ll add to the 40 million on food stamps and increase unemployment above the existing 22%.
More money, more debt.
There is a mushroom cloud from the public debt is 7 times as high as Mt. Everest and 3 times as wide as Manhattan and the clowns at CNBS are didn't hear it explode, and don't see it or wonder why they can't see the light.
Blind, deaf and dumb.
And when a Mike points up to the mushroom cloud and utters "Fallout"? a ferocious unmuzzled Pit bull bights into him and drags him off the set.
Economically inept morons!Their function in life is to get two disagreeing people on and moderate a five minute shout-fest. Lot of good that does.
Morons!
The preceding CEO of Home Depot is right - nothing good ever comes out of Congress. The Congress clowns are playing the game of “Extend and Pretend”, thinking the music will never stop.But it did stop.
It stopped when Moron Bernanke began counterfeiting our dollar to meet our monthly obligations.
Think 237 millionaires in Congress want to stop accepting payments from lobbyists, in turn for turning tricks for their corporate Johns so they can represent the people?
Funny question, I should consider stand-up.
The only way to fix this mess is to re-value Uncle Buck and reorganize and then live within our means. For almost 2 decades I served the airlines, during which time I observed far too many bankruptcies. First, there are two types of bankruptcy: Voluntary and involuntary. When declaring bankruptcy it is best to initiate or declare it - as opposed to being forced into it. Number one: You have the element of surprise, which of course is better than being surprised. Second, rigor mortis hasn't set in, you might be able to save the body, or at least convince creditors your arm is worth more than your leg, after all at this stage of the game they both move. Third, some part of your plan might get executed. Better to do what you want then to be told what to do.
Remember, Communist China is our biggest creditor.
When you have 535 pussy-cats prostitutes (Ron Paul and a few other brave men and women excluded) no one is going to stand up and say this is what needs to be done. They’ll wait until the system implodes. The Democrats will blame the Republicans. The Republicans will blame the Democrats.
Today this is considered leadership.
CNBS will, no doubt have a republican on and a democrat on and treat their diminishing viewership like boobalings. The two go at it - a five minute shout fest, complete with stunning charts, ominous sounds and distracting tickers. Should anyone pull-a-Mike and ask a question that should be addressed some "Pavlov'd-law-Pit bull will growl, bight and drag them out of the studio.
Today this is considered reporting.
“The ultimate result of shielding men from the effects of folly, is to fill the world with fools”~Herbert Spencer
Funny, the other day I was at a client of mine who happens to be a fund manager. For me, seeing TV live is somewhat like driving by an accident in the opposite lane - I just can't help but look. I told him he could raise the volume, he had it muted. "It won't bother me", I said.
Come to find out he has muted it since the crash of 2008 and just leaves it on to watch the market numbers.
The depression will take a decade to clear out.
Eighty years later there will be another Greenspan-Bernanke bubble. Just like those two morons repeated what caused the First Depression. Which for the record was the doubling of the money supply at the Genoa Conference of 1922. Cheap money - and LOTS of it - causes people to do stupid things.
It is a law -like gravity. 1922 or 2002. Genoa or Greenspan.
Bernanke studied the depression - not what caused the depression. Big difference. That is why he is an idiot and can’t see what is happening today.
And - I’m being nice.
Of course, if CNBS had a couple of reporters like the reporter they muzzled, then maybe Americans would have risen up and told our elected-moron-whores (Ron Paul, Paul Ryan and the other good eggs excluded) to serve us, not the lobbyrats and the corporations and the banks.
But they took Erin's muzzle and put it on Rick. Probably told him he'd be neutered if he barked again.
Americans will have have to suffer through an economic Katrina. Complete with food shortages, starvation, currency crises, social unrest and martial law These clowns are afraid to admit the music stopped. The covert devaluation is in progress.
It will become overt. And like the 3,800 other Fiat currencies Uncle Buck will go into the crematory.
Sadly, since the other countries have had enough with the empire we will not come out the other side resembling anything like what we are now. A caveat to that of course would be an horrific war.
On the bright side I will not have to listen to the footage on CNBS.
Got that going for me!
