No more golden showers parachutes?

What a pisser.  I was hoping to go to one of their golden parachute parties one day but now the House speaker says there won't even be any more parties, the party is over.  I was so looking forward to parachuting with those who do it best.  

Now I am too busy working on the farm doing real work and they are broke, right?  What do you mean they aren't broke?

Hmm, let's say the doomsayers are right, and the sky does fell like Skylab did, and our credit markets get poisoned by KILLER BEES due to them not vaccinating these "frozen markets" with 700 billion dollars the treasury doesn't even have, and as it sneaks it's way into their stock portfolios and the world doesn't implode from the Hadron Collider, I say we will all do fine, the sky will stay where it is, and quite a few people will even do quite well, that is, for those who actually work, and those who are damn good at playing the markets.  

Now who would that be?

What bothers me is knowing that we are watching those very people right in front of us on TV.  They know how to create panic in the markets and then profit from it no matter what the government does or does not do.

Paulson made 1/2 a billion last year. We are supposed to trust him?  Has he presented his investment portfolio and daily and moment by moment stock picks for the world to see so we know he's not profiting from these statements he's making about pending financial doom?

Hmmm.

I really doubt the world is about to end due to a "credit freeze".  Think about this for a moment.  We have more people working on computers in banking and finance than ever.  They just shift this pile and shift that pile of smelly investments.  It's a lotta shift.  Where is the real productivity?  You can't just keep borrowing and shifting and borrowing and charging this fee and that fee and shifting and borrowing.  The interest keeps piling up and have no real production of anything.

This shift has to end.  

I think the request for a bailout is more like a smokescreen used as a strategy for battle.  They want the taxpayer to squander 700 billion to buy up the banks bad debt.  These are 2nd, 3rd, 4th, 5th, and 69th trust deeds.  They are garbage.  They are worthless notes.  They are JUNK BONDS with a different name.  Remember junk bonds?  The taxpayer got screwed.  The government is never going to get their money back on these "mortgage notes" which are not even worth the paper they are printed on.  Sure buying them up will "unfreeze" the credit markets, but it's like using a blowtorch to melt a snowflake, and we have to ask ourselves, who owns these credit markets and really why are they "frozen".

The "problem" is limited to certain areas of banking, not the entire system, and it's due mostly to over extended credit that has gone bad.  We don't have to bail it out.  Just the other day I heard of a businessman getting rejected by the bank for his loan.  He secured financing by another group of investors who knew more intimately about his product, plan, previous success, etc., and he's doing fine.

The BIG BANKING industry has completely lost touch with reality and the small business, and THEY secured tons of bad debt, THEY got themselves into this greedy hog sloth.  

The taxpayer is NOT responsible for bailing them out by providing 700 billion dollars worth of buckets and toilet seats to deal with this frozen credit sludge at 100 grand a pop.

I am sorry, but I never trust anyone that's mega rich, especially those at the top of this banking system that has continually rewarded them, not the public, making 1/2 a billion a year for themselves, and even hundreds of millions in one day.  They have a long history of screwing the public.

So whenever I hear doomsday reports, I listen, sleuth, force calm, question, and watch carefully and listen intently to what they say and how they act.

I am always on the "beware" of those who create panic.  This same kind of panic is what led people to commit cell suicide in the 1980's, again blaming something they could not see, but were told existed and would destroy them.  This same kind of panic has been used over and over again throughout history.

This is a scam they are trying to sell to the public to save their asses portfolios so the horses still have something to hay about.

There is not going to be another Great Depression, the fundamentals don't say this.  There are only some challenges, some freeze, some thaw, all of which can be fixed on the cheap, or at no cost at all, just new methods, and old proven ones, and a little sunshine.

It's time to stay strong and realize when we are being lied to.  I mean really, we have a speaker of the House, Nancy Pelosi, saying for 8 years how bad Bush is, how he lied to the people about the war and "weapons of mass destruction" and now she's voting FOR handing over 700 billion to the Bush gang?  Hello?  Are you a first class idiot here or are you the Queen of Idots?  She has bought in TOTALLY to the campaign of fear while they laugh all the way to the bank.  They probably already made billions on the huge drop on the DOW industrials and then more billions when it went back up the next day.  I mean comon' these financiers know what they are doing and how to manipulate people and markets.

The wind kicks up........ahhhh fresh air......

Hey look, there are a bunch of democrats AND republicans exposing this "meltdown" fraud.  Wait.  Stop.  What have we been told again?  Meltdown?  Hello?  Is anyone home at the House?  Let's go see.  

Knock, knock.  

Meltdown.

Down who?

The Bush/Paulson gang say there will be a meltdown if we don't give them what these political policy rovers want, while they keep saying there is a freeze that will get even worse.  They say people won't be able to get credit for cars, and their children's college.  They never say that people won't have money for food.  Hmmm.

The idea that there is a FROZEN market that will get even more FROZEN and it will MELTDOWN as it gets more FROZEN due to inaction is rather contradictory if you notice.....

You cannot have both a meltdown and a freeze at the same time.

Something is not quite right there with their claims.  They also say they don't even know for sure if the 700 billion will fix it.  They come off on one hand as there's impending doom we need to fix it with your money, then they say "well there's no guarantee it will be fixed".

They must have medical degrees.

If you have a credit freeze as they say is currently the state of banking, and then a meltdown because you don't do anything, you then, due to the MELT have flowing credit not frozen credit.  You have melted credit turned fluid that can be used another way, turned into vapor, rain, and then falling everywhere and turning into flowing rivers and streaming capitalism.

It's rather simple.  Let it melt and change form.  A good thaw is always welcome after a freeze.  Give it time to melt.

Check out c-span.org for actual statements as compared to those the popular medias focus too much on like "freeze" and "end of the world".

The world is NOT going to end.

If SOME of the credit markets freeze up they will eventually thaw.

With every freeze there is ALWAYS a thaw.