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    • Thu Nov 20th 12:10 PM | Rating: +1 0
      Commented on:
      JPMorgan: Expect Fed to Cut to 0% in January
      Disgusting. All of this is disgusting. We are now on a way street to a depression to top all depressions. The ignorant masses of American voters have allowed the FedGov to destroy this country, and its currency.

      If the government wished to end this entire mess as quickly and painlessly as possible it would have done nothing. Let the freaking markets ADJUST!

      Let prices come down and stabilize the housing market. Let industries and companies fail. But alas as per usual their policy since the great depression which was caused by their wrongful thinking has led to another much worse depression. The dollar will crash this time.

      How can the government interfere with and delay market adjustment? Lets see...

      *
      (1) Prevent or delay liquidation. Lend money to shaky businesses,
      call on banks to lend further, etc.

      (2) Inflate further. Further inflation blocks the necessary fall in
      prices, thus delaying adjustment and prolonging depression. Fur-
      ther credit expansion creates more malinvestments, which, in their
      turn, will have to be liquidated in some later depression. A gov-
      ernment “easy money” policy prevents the market’s return to the
      necessary higher interest rates.

      (3) Keep wage rates up. Artificial maintenance of wage rates in a
      depression insures permanent mass unemployment. Furthermore,
      in a deflation, when prices are falling, keeping the same rate of money wages means that real wage rates have been pushed higher.
      In the face of falling business demand, this greatly aggravates the
      unemployment problem.

      (4) Keep prices up. Keeping prices above their free-market levels
      will create unsalable surpluses, and prevent a return to prosperity.

      (5) Stimulate consumption and discourage saving. We have seen
      that more saving and less consumption would speed recovery;
      more consumption and less saving aggravate the shortage of saved-
      capital even further. Government can encourage consumption by
      “food stamp plans” and relief payments. It can discourage savings
      and investment by higher taxes, particularly on the wealthy and
      on corporations and estates. As a matter of fact, any increase of
      taxes and government spending will discourage saving and invest-
      ment and stimulate consumption, since government spending is
      all consumption. Some of the private funds would have been saved
      and invested; all of the government funds are consumed.15 Any
      increase in the relative size of government in the economy, there-
      fore, shifts the societal consumption–investment ratio in favor of
      consumption, and prolongs the depression.

      (6) Subsidize unemployment. Any subsidization of unemployment
      (via unemployment “insurance,” relief, etc.) will prolong unem-
      ployment indefinitely, and delay the shift of workers to the fields
      where jobs are available.

      The Federal Government is well on their way down the expressway of destroying this country, following their great depression inducing policies.

      The best action the government can take is to do nothing! It's the quickest and least painful road to recovery. But what they have done and are doing is going to be SO much more destructive and cause these problems to last soooo much longer.

      *Credit to Murray N. Rothbard
      View article »
    • Wed Oct 29th 11:37 AM | Rating: 0 0
      Commented on:
      Eight Thoughts on the Current Crisis
      @aynrand_offacliff

      The reason the US took itself off the gold standard is fairly simple. And that reason is because gold limited the funds the Federal government had available to wage its wars, builds its VAST global empire, put military bases in well over half the countries on earth, topple governments, and secure its new empire. Gold is finite, and the US Federal government only had (n) amount of that finite gold. If you only have (n) amount of gold and you need (n+1) you must get more gold.
      This of course is a major road block to building your global empire. It's much easier to pile up HUGE deficits and spend all the money you need, to do whatever you want when you have a printing press (the FED) and can just print money out of thin air. This is one of the theories of Austrian economics on having a currency backed by say gold. It limits the ability of insane run away spending like we see with the US Federal government now. I find it laughable these clowns in washington even waste the time to print up budgets. What's the point? They just print money out of thin air. Useless money that is literally only worth the fabric paper its printed on. The dollar is essentially valueless.
      View article »
    • Tue Oct 28th 10:51 AM | Rating: 0 0
      Commented on:
      Eight Thoughts on the Current Crisis
      Another post blissfully ignoring the core of the problem. The FED.
      Abolish the FED and make the dollar a value based currency again instead of the debt based currency it is now. I don't care if you back it in gold, silver, uranium, it doesn't matter. Fiat currencies FAIL. The FED creates all of these bubbles and disasters by trying to "predict" the market with inflation hikes and cuts. Interfering with the free market and creating all these damn problems. They create hyper inflation by devaluing the dollar by printing money out of thin air. Good lord is anyone getting the memo the FED is the core of the problem?? And btw we do have an alternative world currency to the dollar, its called gold.
      View article »
    • Fri Sep 26th 11:19 AM | Rating: 0 0
      Commented on:
      When It Rains, It Pours
      Unless the "Socialist takeover" plan involves:

      A) The dismantling of the FED and the arrest and charge of those employed by it.

      B) The return of the dollar to a value based currency based on gold or silver, or platinum for all I care.

      C) The allowance of all these companies to FAIL and allowing the free market to WORK, which it is trying to if everyone will STOP interfering with it, and reduce housing prices from their super incredibly over inflated prices.

      Without the above, the plan is no plan at all and will only delay the oncoming destruction of the dollar and the economy as we know it.
      View article »
    • Tue Sep 23rd 12:57 PM | Rating: 0 0
      Commented on:
      5 Failures of SEC Chairman Cox
      Wow. I am floored. After ALL that has been said and done to bring us to the status quo of the economy today I cannot believe you people are still not getting it. "It's Greenspan's fault!" "It's Paulsons!" "Bush!".
      You just don't get it do you? This is why America is doomed. The people do not understand the problem. As in every other post I have made recently I will break it down for everyone again.

      1) The FED!!!! This unconstitutional, corporation with no oversight or auditing which has looted the public treasury long ago, has been printing money out of *thin air* since its creation. In order to break the US economy and control the country. Central banks are the enemy of free republics. Once they control your currency you are doomed. This is not insane ranting it's simple history. You don't need armies to control a nation if you control the currency. The FED is illegal and MUST be abolished. Fractional reserve banking does NOT work and was never created to work. It is used to artificially manipulate the market and control the currency.

      2) Fiat currencies == FAIL. Debt based fiat currencies like the US Dollar are utterly, completely, and totally worthless. No debate. Period.
      The FED has been printing USD non stop since they were created. Reducing the value of the dollar to less than 0. The dollar is not even worth the paper it's printed on anymore. It's a negative sum game. I beg the people to realize this so that we can move on already! And create a solid value based currency again bringing the dollar back to its rightful place as a meaningful currency with *value*. Then BAN the FED and all Central Banks *forever*. Bringing prosperity back to the United States.

      Once these two items are accomplished and the US is back on solid footing then we can move on to getting rid of the illegal institutions that have helped worsen the problem. The FDIC, the SEC, etc have all played a roll in manipulating and and corrupting the free market. But this is only debatable when people come to realize 1 & 2 have been the destruction of the United States. And looking at the comments above it appears the people still don't understand, and will continue to allow the country to be brought to it's knees and beheaded by the FED and a fiat currency. Which is truly sad.


      View article »
    • Sun Sep 21st 21:09 PM | Rating: 0 0
      Commented on:
      If You Think the Dow Did Well Today, You're Wrong
      My predictions:

      Monday opens with a massive drop in the market. Thought the several hundred point gain was good? The inverse x 2 or 3 is what I expect monday. Based on? Based on the fact that the market is run by completely insane people at hedge funds and other places who don't do anything remotely sane or logical. And will see the point gain from Friday as "Thats as good as its getting take that gain and sell everything!" Which we will see monday.

      Also because no matter what *anyone* says or does come monday. no matter if if the market tanks or rallies again, these simple FACTS remain:

      The US dollar is completely, totally, utterly worthless. It is a debt based fiat currency with absolutely NO value or worth. Period. Non debatable.

      The Treasury of the US, IMO was ransacked long ago by the FED. Think we still have any gold at fort knox? :)

      There is a reason the FED will not allow auditing of its books by Congress or anyone else. Three guesses as to why.

      The FED since it's inception has been printing money out of thin air.
      Completely out of air. Just flipping on the photo copier. The dollar is now not even worth the paper it's printed on because of the length, duration and amount of bills printed by the FED.

      None of these facts are going to change. The dollar will crash just as soon as everyone wakes up and goes "Oh, yeah, thats true." to the facts above. There is no way out of this. There are trillions and trillions of dollars of uncountable derivatives, bad debt, etc that will now start to unwind from this credit mess. And the sooner it does and the dollar crashes the sooner we can move the hell on and finally start the discussion of a new value based currency again, shut the FED down! boot those bastards out of this country, and forbid a central bank ever being created here again.

      But seriously, i'm not bitter. Really.
      View article »
    • Thu Sep 18th 18:43 PM | Rating: 0 0
      Commented on:
      A Resolution Trust Corp. 'Solution'?
      *taps foot waiting for the dollar to crash*
      Oh.. what? Is it time to admit the FED is unconstitutional, that fractional reserve banking is a *massive* FAIL, and we need to LOSE fiat currencies that are debt based and go back to a solid value based currency like the founders learned after the continental dollar crash?
      Seriously this whole bury your head in the sand and defend the current system is beyond tiresome. It doesn't work. It was never designed to work. It's a failure. No amount of throwing gobs of tax payer dollars at the problem to suppress the massive bubble that will be the destruction of the dollar is going to change that. Really gentlemen, can we please just admit it's a failure, move on, and design a value based currency system again. Pretty please? With sugar on top? And a cherry?
      View article »
    • Wed Jul 23rd 14:29 PM | Rating: 0 0
      Commented on:
      Apple vs. Bank of America: When "Whisper Numbers" Come Home to Roost
      ***WARNING APPL SHAREHOLDER***
      I know the Apple haters here will label me a fanboy of Apple. However not only was that beating down they took of 10%! totally uncalled for it makes me realize how incredibly stupid wall street is. How long has this game been going on? Seriously what years now? My dog Isis has caught on to the game for petes sake! Wall street is incapable of any kind of original thought or learning. We all KNOW Apple undercuts themselves in their guidance so they can blow the guidance away. This is not new its been going on for *years* now. Why don't all the "analysts" and "fund managers" just resign. Seriously. This is like watching a child repeatedly touching a hot burner and yet still not learn to stop touching it. "Ow!.. Ow!... Ow!..." Why does anyone listen to these clowns?

      If Apple says 1.12 bank on 1.20. It's was laughable 5 years ago and now it's just boring and annoying. Go away Wall St. you are too dumb to play.
      ***WARNING APPL SHAREHOLDER***
      View article »
    • Fri Jul 18th 13:44 PM | Rating: 0 0
      Commented on:
      For Advanced Micro, Things Go from Bad to Worse
      I don't believe it to be a pathetic company. But a company with a pathetic board. I believe AMD *could* be another Apple story if the right people were put in place but I don't see that happening. These idiots took WAY to long to boot Ruiz who drove this company into the ground at mach 9. He has done everything he could to wreck this company. How does this tool keep getting a job??
      AMD needs wayyyy better management and it needs to focus its too spread out and needs to start small again focusing on it's core model. Even then like Apple it will take a decade for it to be on decent footing again.
      View article »
    • Fri Jul 18th 13:44 PM | Rating: 0 0
      Commented on:
      For Advanced Micro, Things Go from Bad to Worse
      I don't believe it to be a pathetic company. But a company with a pathetic board. I believe AMD *could* be another Apple story if the right people were put in place but I don't see that happening. These idiots took WAY to long to boot Ruiz who drove this company into the ground at mach 9. He has done everything he could to wreck this company. How does this tool keep getting a job??
      AMD needs wayyyy better management and it needs to focus its too spread out and needs to start small again focusing on it's core model. Even then like Apple it will take a decade for it to be on decent footing again.
      View article »
    • Thu Jan 17th 22:44 PM | Rating: 0 0
      Commented on:
      Apple's a Buy on This Big Fall - Barron's
      I understand what you are saying biobot. And its a wise and prudent thing to question to be honest. I just know for me looking not just at P/E but considering the fact that they have such a small fraction of the market in PC sales leaving a huge galactic size window of growth in that area, you have massive growth in the cellular market and IMO I have no doubt Apple will eventually take 1st place as #1 handset maker in a few years. The iPhone imo will duplicate the iPod and we all know how well the iPod turned out. Then you have the new HD movie rental service and to a lesser extend TV show on demand service. While there are some snags for it to over come to take off this is outside Apples hands. The movie and tv execs are going to have adopt to DRM'less on demand no restriction HD digital sales of their content or like the RIAA will drive themselves to extinction from massive lawsuits and an unstoppable flow of pirated HD content from Bit Torrent sites. The people have spoken, they want very cheap $1-$2 HD movie rentals with no strings attached. If you dont give it to them piracy will just keep being rampant. You have to price things with features people want at a price they want to pay or they will just pirate. You can't compete with free HD via lawsuit you have to make it so people are compelled to pay for what they want. Which means very very low price and features galore they cant get with pirating torrents. I don't know for me I feel confident in Apples ability to grow exponentially in '08 and beyond with new products and services. I just think they have way to much growth opportunity with little to no competition. They can't be out innovated by anyone in the market today. No one is out designing them. No one also offers the hardware *and* software marriage they do. So for me its an obvious buy right now. However if someone starts competing in those areas with Apple I might re-evaluate but I am not holding my breath.
      View article »
    • Thu Jan 17th 18:59 PM | Rating: 0 0
      Commented on:
      Apple's a Buy on This Big Fall - Barron's
      Any analysts that claim negative days for Apple automatically go into my Doomsday Cult file. I mean *seriously*, how many decades are some of you people going to claim Apple is dead before you get a clue? Steve's return to Apple saw them branch out from only a PC maker, to a music and TV show retailer, now you have them in the cellular market, and even the movie rental business. Good lord how much growth is good enough for some of these analysts? And as far as updating the iPhone as Top_tier mentioned it has been repeatedly stated by Apple and the Great Jobs himself on numerous occasions a 3G version will be out soon. The issues is not if they can, the issue is battery life. If they bring out a juice sucking 3G phone holy cow I can just hear all the whining and moaning and high pitched squeals of the nay sayers about "Whaaa my iPhone only lasts 2 hours per charge!!".
      That is exactly what will happen if Apple does not solve the energy issue first. Once they do 3G iPhones will roll out the door.
      SDK is out at the end of Feb. And while we have yet to see details on it I believe it will get the job done quite well for 3rd party developers. It wont be ideal but far better than web only apps. Im looking forward to a bright 2008 for Apple with increased movie sales and rentals, and iPhone upswing. Not to mention you have product refreshes coming out on current products a couple of times this year. I am taking this opportunity to buy more Apple myself. Analyst doom and gloom'ers be damned! Buy buy buy!
      View article »
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