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Author: SeanSean Date: Sep 9, 2008 00:38
It's an intersting world the last year and a bit, isn't?
Bear Stearns in $3.2 billion bailout of fund - International ...
23 Jun 2007 ... NEW YORK: The investment bank Bear Stearns pledged up to
$3.2 billion in loans on Friday to bail out one of its hedge funds that was
...
The Market Collapse Spreads | The Agonist
10 Aug 2007 ... The Market Collapse Spreads. Seems that the US collapse is
going ... hedge funds with billions invested in sub-prime market are in
trouble ...
agonist.org/ian_welsh/20070810/the_market_collapse_spreads - 47k - Cached -
Similar pages
U.K. stocks stumble on Northern Rock bailout - MarketWatch
14 Sep 2007 ... LONDON (MarketWatch) -- British stocks lost ground on Friday
after mortgage lender Northern Rock sought out emergency funding from the
Bank ...
www.marketwatch.com/.../story.aspx?guid=%%7B59DBC78D-49A1-4663-A495-CF75DD7C1D7C...
- 86k - Cached - Similar pages
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Author: SeanSean Date: Sep 9, 2008 00:42
AND WHAT IS COMING NEXT GUYS?
..... as an aware person mentioned here
The funniest part of this story (sad really.)
"U.S. Treasury Secretary Henry Paulson indicated that a bailout of
Fannie and Freddie was unlikely" -- from "Fannie, Freddie say they have
plenty of capital", reuters, July 2008.
That's right... Only *two* months ago Paulson was insisting this day
wouldn't come.
--------------------------------------------------------------------------------------------
Mmmmmmmmmmmmm, now he DID say that didn't he.
How can you tell when a politician, a corporate executive, or the Fed
Reserve Chairman is lying?
THEIR LIPS ARE MOVING !!!!
Fred?
Publius?
Anyone?
What do you suggest? I'd really like to hear about it.
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Author: Fred WeissFred Weiss Date: Sep 9, 2008 07:13
On Sep 9, 8:22Â am, tg earthlink.net> wrote:
> How is a gold standard different from the current one? Â It seems to me
> that both rely on faith in the gummint, and an artificial 'value'
> attributed to the standard.
This is merely another illustration of your total ignorance of
economics (which however doesn't stop you from continually
pontificating on the subject).
The monetary value of gold has been well-established for *1,000's* of
years.
In contrast, what is the fiat money - anyone's - of 10 years ago now
worth, i.e. in terms of its purchasing power?
There is a reason why something like 90%%(?) of all the gold ever mined
is still extant in people's hands. What is not was lost, e.g.
unrecoverable sunken ships (but people still invest millions in trying
to find them). There has never been a place on earth of which I am
aware where gold wasn't accepted as a medium of exchange and that,
too, has been true for 1,000's of years (and that btw was true even
when it was illegal to use in that way).
Fred Weiss
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Author: Fred WeissFred Weiss Date: Sep 9, 2008 07:37
On Sep 9, 3:38Â am, "Sean" now.com.au> wrote:
> So what would Fred do?
> You know what I'd do Fred?
>
> I'd let them all collapse into bankruptcy.............. the whole damn lot.
So would I, at least in principle. However, arguably, since the gov't
is the primary cause of the mess, it should arguably take some
responsibility for alleviating it. The important thing however is that
we move toward free markets - which almost no one is advocating now -
instead of even more regulation (which is the cause of the problem in
the first place) which virtually everyone is advocating. Or, in other
words, it's the typical problem all over again. Adding regulations and
gov't interference to supposedly solve the very problems the
regulations and interference caused in the first place.
> I wish Ron Paul was there and not John McCain. I've said that before here.
This is a whole other subject and different topic but I oppose Paul
even more than I do McCain.
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Author: tgtg Date: Sep 10, 2008 03:29
On Sep 10, 2:02Â am, "Sean" now.com.au> wrote:> "tg" earthlink.net> wrote in message
>
> news:3fba0df1-c171-4148-a01a-5e71ff493744@26g2000hsk.googlegroups.com...
> On Sep 9, 7:43 am, "Sean" now.com.au> wrote:
>
>
>>
>
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Author: Fred WeissFred Weiss Date: Sep 10, 2008 05:20
On Sep 10, 6:29Â am, tg earthlink.net> wrote:
> ...Consider the 1930's, which followed on a period of zero gummint control of anything.
>Â What people
> don't seem to realize is that the gummint acting as a damper on things
> is actually a *good* thing much of the time.
Uh, huh. As we've seen...
Tiggy has his head so far up his ass, I doubt it has seen actual
daylight in years.
Fred Weiss
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Author: Fred WeissFred Weiss Date: Sep 10, 2008 05:21
On Sep 10, 6:29Â am, tg earthlink.net> wrote:
> ...Consider the 1930's, which followed on a period of zero gummint control of anything.
>Â What people
> don't seem to realize is that the gummint acting as a damper on things
> is actually a *good* thing much of the time.
Uh, huh. As we've seen...
Tiggy has his head so far up his ass, I doubt it has seen actual
daylight in years.
Fred Weiss
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