Looks like you and Sen. Obama are on the same sheet of music on expanding FDIC Coverage to $250,000!

http://politicalticker.blogs.c…..lout-plan/

If you can riff off of it, I’ll send your next article in to the Obama Campaign’s Economic Advisors through the Ideas portal like last night.

Who knows? Maybe somebody ‘live’ is screening that box?

Sorry.

These drops hurt the top 5% a lot more than anything else in his administration.

In the game of Musical Chairs it’s essential for our Masters of the Universe to take all the cash and leave worthless paper to everybody else (the masses, represented by mutual funds or other things the common folk are in).

If they own the stock, create a bubble to suck everybody in and inflate the price of the stock and then puncture it by selling out Enron-style. They can get a lot of inflated cash and leave everybody else with paper.

It’s not news to say that. It’s traditional. What we’re seeing now which is a bit embarrassing is that all the plays are out in the open, they’re expected and the politicians who are in on it are obvious frauds. It’s like a whorehouse without the walls to hide it from the public.

Well, some of the public refused to participate in the bailout. But, a lot are in the markets. More were invited to put Soc. Sec. funds, but refused.

What always amazes me is that if the system simply sucks cash out at a slow steady rate it makes some people very wealthy and happy and doesn’t destroy things for everybody else. But, often they lose control (as Bush said, they get drunk) and overdo. Now, perhaps because of the world trade movement, they want to suck it dry NOW, before somebody else takes over as top dog.

I think he wants himself and his billionaire friends to pick up these banks/institutions for nothing.

The Chinese and Saudis are buying up real stuff too. What would you do if you had tons of cash and the real stuff was cheap?

It’s similar to a problem we’ve had through much of our society’s existence: a handful of people have much more money than everybody else (more than they need to live on) and they use that extra money to control everything.

Now it’s gone international and though Americans have been in the lead in this game there’s no rule which says we don’t, at some later time, get to be ruled by somebody else. And, why? Not because they are smarter or more industrious or anything really important, but because of some freak happenstance of nature.

Shouldn’t we base our system on something more substantial and self-sustaining?

are there real shortages that can account for the increasing prices?

On Wall Street there is always a shortage of money, so they’re always finding ways to increase prices or to take a bigger cut.

I think I read recently that over the last couple of decades the financial industry (read “New York City”) has grown to something like 20-25% of the entire national economy. But, the economy hasn’t grown much at all. That means they’ve diverted a lot of cash to flow through their part of the world and they all take a cut. The more that goes through the more they make. Also, the more that goes through and gets caught in their nets the more the government needs to make so the rest of the ‘real’ economy continues to have enough.

They’ve gotten so efficient at taking a cut off the entire economy that it’s requiring government to print that much more cash for everybody else. Essentially they’re printing their own cash and occasionally, such as now, pushing us to the edge of extinction.

Is it just a power play? Are they aware of how insane this is? Do they want to destroy the goose that lays their golden eggs? Can they stop themselves if they realized?

from what I’ve learned from ian and echanomics, plus all the posters at the lake, money just evaporated with this economic crash

Considering the various ways they’ve learned to leverage money it’s quite possible to take $1 and inflate some paper to $100 at least.

If you’ve got a piece of paper and I can borrow $100 on my $1, then I can pay $100 for your paper.

Somewhere along the way somebody decides to turn off the music in this game of Musical Chairs and when everybody tries to find a chair there are going to be some people holding cash and some holding paper. Cash wins. The paper just drops to $0 (the bubble burst) and the cash is still worth $100.

Then you pay back the loan…oops, all bankrupt. Somebody is out borrowed money and they go bankrupt too.

Of course, borrowed money doesn’t relate to the real world. So, what’s happened is the banking industry which loans lots of dough with little collateral is creating money from thin air and later when it can’t get the loan back somebody named Uncle Sam has to print more cash. This means all the cash in the game is worth less (not worthless, but less) to the degree the entire money supply has been inflated.

How to win this game?

Always have a chair handy with “too big to fail” written on it.
Always have FDIC insurance.
Always have government backing, so you don’t have to worry, but people do.
It also helps if you have crooked politicians helping you — as appears to have happened in this real estate bubble/scam.

Is the banking credit system a bust? Well, without it our capitalistic economic system probably wouldn’t work. So, once again, they have full backing by government.

I could probably point out how gas is so much higher than when Bush took office, but that seems like shooting at an unarmed man.

Your humor is uh ah er … disarming.
Heh.