This is part of a story I blogged about a few days ago but i felt that a few paragraphs merited further scrutiny (mentioning would be a better word).
Let us see how "on the mark" Mr. Strieber is on this one...
Let me give you a timeline.
-First, the most likely time for a terror attack is this October. It hits us just as the economy is collapsing, and disrupts the presidential election.
If it strikes Washington, the country takes the worst blow it has ever taken in its history. As there is no continuity of government plan in effect that takes the possibility of the sudden disappearance of Washington into account, it is literally anybody's guess what might happen next.
-At the same time, bailout or no bailout, over the next eight weeks we will see extraordinary changes in financial markets and in our lives.
Without a bailout, we will see credit dry up and banks fail. With one, we will see the dollar collapse.
In terms of the environment, it is likely that scientists will announce sometime this fall that methane outgassing has taken place over the summer at unprecedented levels. We will begin to see its effects next winter.
The wild card here is the sun. If it remains quiescent, there will be fewer coronal mass ejections and therefore less heat reaching earth's atmosphere. (How the sun affects our weather is controversial, but there is general agreement that it gets warmer during solar maxima.)
At present, the solar wind is probably as low as it has ever been, so the sun could help us here.I think that there is a very real risk of terrorism and social upheaval right now, or those troops would not have been deployed to the U.S.
It could be--in fact, it's probable--that the bailout will be approved by congress in some form this weekend.
If that happens, the stock markets will respond explosively next week and gold will plummet.If so, it would be a good time to put cash into the yellow stuff, it seems to me.
Monday, September 29, 2008
House defeats $700 billion financial industry bailout
Alternate Title: The Big House Comes Crashing Down..
Someone is finally thinking with their head instead of their asses in Washington...
Well at least it looks that way on the surface.
Time will tell I guess...
I really do not understand Paul Ryan who is supposed to be one of the authors of the this new and improved bail out package....
Some quotes from the leaders in my neck of the woods:
......Kagen, an Appleton Democrat in a tight re-election race, said he too was thinking about his constituents when he cast his vote.
"I was elected to represent the hard-working people in Wisconsin, not billionaires on Wall Street," said Kagen, one of 95 Democrats who voted against the bill. "I'm convinced there's a better way of doing things."
......Ryan, a Janesville republican gave an impassioned speech on the House floor, asking his colleagues to set aside politics and vote for the bill.
"We're all worried about losing our jobs," he said. "Most of us say, 'I want this thing to pass but I want you to vote for it, not me.'"
Ryan, who worked to amend the rescue bill, said he was convinced that Congress needed to act quickly to avert economic disaster as the credit markets dry up and people across the country find it more difficult to obtain mortgages and car loans.
"We're in this moment and if we fail to do the right thing, heaven help us," he said.
There was an email that circulated last week that though it was in jest and was kind of funny, made a little common sense.
It had to deal with the matter at hand and suggested that the $700 Billion Dollar package be distributed evenly amongst all U.S. citizens 18 and older....this money would be taxed right away, putting money back into the federal coffers and the rest (which would amount to about $200,000 a person could (and would) be used to jump start the economy by letting people pay off bills, buy houses and or cars, put into banks to save for college, buy electronics and a plethora of other things that would in turn make the economy and it's wheels spin like it hasnt spun in a long time (think Regan era).
The more I think about it the more sense it makes to me. Now there is a plan that would help everyone including the rich bankers and the Wall Street firms (and the government......)
Add to all this at home, there is now some of the same things going on overseas.....
Wall Street found further reason for worry overseas.
Three European governments agreed to a $16.4 billion bailout for Fortis NV, Belgium's largest retail bank, and the British government said it was nationalizing mortgage lender Bradford & Bingley, which has a $91 billion mortgage and loan portfolio. It was the latest sign that the credit crisis has spread beyond the U.S.
Read more....
JS Online: House defeats $700 billion financial industry bailout
and this link as well:
http://hosted.ap.org/dynamic/stories/W/WALL_STREET?SITE=WIMIL&SECTION=HOME&TEMPLATE=DEFAULT
Someone is finally thinking with their head instead of their asses in Washington...
Well at least it looks that way on the surface.
Time will tell I guess...
I really do not understand Paul Ryan who is supposed to be one of the authors of the this new and improved bail out package....
Some quotes from the leaders in my neck of the woods:
......Kagen, an Appleton Democrat in a tight re-election race, said he too was thinking about his constituents when he cast his vote.
"I was elected to represent the hard-working people in Wisconsin, not billionaires on Wall Street," said Kagen, one of 95 Democrats who voted against the bill. "I'm convinced there's a better way of doing things."
......Ryan, a Janesville republican gave an impassioned speech on the House floor, asking his colleagues to set aside politics and vote for the bill.
"We're all worried about losing our jobs," he said. "Most of us say, 'I want this thing to pass but I want you to vote for it, not me.'"
Ryan, who worked to amend the rescue bill, said he was convinced that Congress needed to act quickly to avert economic disaster as the credit markets dry up and people across the country find it more difficult to obtain mortgages and car loans.
"We're in this moment and if we fail to do the right thing, heaven help us," he said.
There was an email that circulated last week that though it was in jest and was kind of funny, made a little common sense.
It had to deal with the matter at hand and suggested that the $700 Billion Dollar package be distributed evenly amongst all U.S. citizens 18 and older....this money would be taxed right away, putting money back into the federal coffers and the rest (which would amount to about $200,000 a person could (and would) be used to jump start the economy by letting people pay off bills, buy houses and or cars, put into banks to save for college, buy electronics and a plethora of other things that would in turn make the economy and it's wheels spin like it hasnt spun in a long time (think Regan era).
The more I think about it the more sense it makes to me. Now there is a plan that would help everyone including the rich bankers and the Wall Street firms (and the government......)
Add to all this at home, there is now some of the same things going on overseas.....
Wall Street found further reason for worry overseas.
Three European governments agreed to a $16.4 billion bailout for Fortis NV, Belgium's largest retail bank, and the British government said it was nationalizing mortgage lender Bradford & Bingley, which has a $91 billion mortgage and loan portfolio. It was the latest sign that the credit crisis has spread beyond the U.S.
Read more....
JS Online: House defeats $700 billion financial industry bailout
and this link as well:
http://hosted.ap.org/dynamic/stories/W/WALL_STREET?SITE=WIMIL&SECTION=HOME&TEMPLATE=DEFAULT
Saturday, September 27, 2008
A Great Article on the Current State of the Economy
This comes from Witley Streiber who wrote a few books years ago bases on his experiences of what he thought were extra terrestriel beings....he is a smart guy and has alot of relevent things to say....
A Time of Extraordinary Peril24-Sep-2008
There are rumors floating around the beltway that the credit crisis was intentionally triggered by gigantic short sales that were orchestrated in London and Dubai, and Iranian President Mahmoud Ahmadinejad declared "that 'the American empire' is nearing collapse and should end its military involvement in other countries."
At the same time, as reported in the Unknowncountry.com Newsletter and on Unknowncountry.com, the 3rd Infantry Division's 1st Brigade Combat Team will be deployed to the US mainland beginning on October 1 for 12 months. The brigade will have the most advanced nonlethal weapons in the army's arsenal. It is trained in crowd control and how to deal with massive terror assaults, such as nuclear attacks.
I have to tell you, I am concerned that things are coming apart in major, indeed fundamental ways, and I would not be in the least surprised to see that the financial collapse is followed by a massive terror attack, probably involving a nuclear weapon.
In January, I have a book coming out called Critical Mass which deals with nuclear terrorism. To write it, I studied the realities of nuclear nonproliferation carefully, and there is little question in my mind but that weapons-grade nuclear materials or even actual bombs, are hidden away in the west right now.
In my book, a nuclear weapon is detonated first over a large American city, then over a European one, whereupon a shadowy terrorist group demands that the world convert to Islam. And the world is caught like a rat in a trap, because nobody knows if there are more bombs hidden in other cities.
Obviously, an extreme scenario, but we are living in extraordinary times, and frankly, I don't think it's beyond possibility, not at all. The more I learned about the realities of nuclear nonproliferation, the more I came to understand that it's a very hard thing to achieve--so much so that it may be impossible. To make matters worse, very little was spent on hardening US borders against nuclear smuggling. Incredibly, our most vulnerable entry point, which is the Port of Los Angeles, was not fitted with detection equipment until last year. That is to say, the government waited six years before actually deploying some sort of protection in the port that controls 70% of American trade.
We are facing an economic disaster on a scale never before seen in human history, involving a massive increase in our national debt BEFORE the jobless situation turns into a rout, as it will. During the Great Depression, the government had an ace in the hole: it could safely print money. That is not the case now. In other words, there is no net this time, not with the fantastic deficit we are running.
Congress is in a no-win situation. The bailout will fail because it will cause the dollar to collapse. But if there is no bailout, the entire credit system will fail. This will mean that there will be no money to borrow to buy a car, certainly not a house, or even to finance business inventories or things like cash flows.
If there is no bailout, very quickly, and by that I mean over the next few months, the economy will grind to a halt. I believe that many banks--quite possibly most of them--may fail. If there is a bailout, that won't happen, at least, not for a while, but with a collapsed dollar the economy of the entire world is going into a tailspin which will take years to put right.
Meantime, virtually every country on earth will experience severe economic disruption, on a scale that has not only not been seen since the Depression, but that has never before been seen.
So there must and will be a bailout. But the reason one is needed at all goes back to my September 10 journal entry: the abandonment of the Sherman Anti-Trust Act has allowed companies to get too big--that is to say, too big to fail. This means that huge corporations always now have a safety net--us, the taxpayers.
To me, this feels like a gigantic scam, but, in reality, nobody expected these entities to fail. Now that this has happened, though, we need leadership that will enforce Sherman and compel a lot of these gigantic entities to break up. This way, we really will have a free market. Six or ten giant companies do not constitute a free market. That's corporate socialism, and we are seeing the result: the only thing that can now save the situation is a huge dose of state socialism.
The economic situation is bad, obviously, and terrorism is a danger, but, incredibly, our overall situation gets worse, and this has to do with climate. Recently on Unknowncountry, we ran a story about starving polar bears. They are starving because the arctic summer has been too warm because of global warming. But there is another concealed problem that is far more serious even than their suffering. It is that massive quantities of methane gas are being released by melting arctic permafrost. Methane is a far more powerful greenhouse gas than carbon dioxide, and the result of this release is going to be dramatically higher temperatures next year and the year after, with the result that even more outgassing will take place.
Temperatures are going to literally shoot up worldwide during this period, very much as they did 11,000 years ago just prior to the period geologists call the Younger Dryas. The ice age had ended, and warming had begun. But massive quantities of methane were trapped in the world's permafrost, and it flooded the atmosphere, so temperatures shot up to about where they are today.
Then the trapped methane ran out, and the atmosphere was suddenly clear of it. Temperatures plummeted, and, as German scientists have recently discovered and Art Bell and I predicted in Superstorm, the climate went from warm to cold in a single season.
All of this is going to happen again, and in the context of the worst economic crisis we have ever known, not to mention the possibility of terror attacks of extraordinary power.
Let me give you a timeline.
First, the most likely time for a terror attack is this October. It hits us just as the economy is collapsing, and disrupts the presidential election. If it strikes Washington, the country takes the worst blow it has ever taken in its history. As there is no continuity of government plan in effect that takes the possibility of the sudden disappearance of Washington into account, it is literally anybody's guess what might happen next.
At the same time, bailout or no bailout, over the next eight weeks we will see extraordinary changes in financial markets and in our lives. Without a bailout, we will see credit dry up and banks fail. With one, we will see the dollar collapse.
In terms of the environment, it is likely that scientists will announce sometime this fall that methane outgassing has taken place over the summer at unprecedented levels. We will begin to see its effects next winter. The wild card here is the sun. If it remains quiescent, there will be fewer coronal mass ejections and therefore less heat reaching earth's atmosphere. (How the sun affects our weather is controversial, but there is general agreement that it gets warmer during solar maxima.) At present, the solar wind is probably as low as it has ever been, so the sun could help us here.
I think that there is a very real risk of terrorism and social upheaval right now, or those troops would not have been deployed to the U.S.
It could be--in fact, it's probable--that the bailout will be approved by congress in some form this weekend. If that happens, the stock markets will respond explosively next week and gold will plummet.
If so, it would be a good time to put cash into the yellow stuff, it seems to me. But
I'm no investment adviser, so don't take my word for it.
A Time of Extraordinary Peril24-Sep-2008
There are rumors floating around the beltway that the credit crisis was intentionally triggered by gigantic short sales that were orchestrated in London and Dubai, and Iranian President Mahmoud Ahmadinejad declared "that 'the American empire' is nearing collapse and should end its military involvement in other countries."
At the same time, as reported in the Unknowncountry.com Newsletter and on Unknowncountry.com, the 3rd Infantry Division's 1st Brigade Combat Team will be deployed to the US mainland beginning on October 1 for 12 months. The brigade will have the most advanced nonlethal weapons in the army's arsenal. It is trained in crowd control and how to deal with massive terror assaults, such as nuclear attacks.
I have to tell you, I am concerned that things are coming apart in major, indeed fundamental ways, and I would not be in the least surprised to see that the financial collapse is followed by a massive terror attack, probably involving a nuclear weapon.
In January, I have a book coming out called Critical Mass which deals with nuclear terrorism. To write it, I studied the realities of nuclear nonproliferation carefully, and there is little question in my mind but that weapons-grade nuclear materials or even actual bombs, are hidden away in the west right now.
In my book, a nuclear weapon is detonated first over a large American city, then over a European one, whereupon a shadowy terrorist group demands that the world convert to Islam. And the world is caught like a rat in a trap, because nobody knows if there are more bombs hidden in other cities.
Obviously, an extreme scenario, but we are living in extraordinary times, and frankly, I don't think it's beyond possibility, not at all. The more I learned about the realities of nuclear nonproliferation, the more I came to understand that it's a very hard thing to achieve--so much so that it may be impossible. To make matters worse, very little was spent on hardening US borders against nuclear smuggling. Incredibly, our most vulnerable entry point, which is the Port of Los Angeles, was not fitted with detection equipment until last year. That is to say, the government waited six years before actually deploying some sort of protection in the port that controls 70% of American trade.
We are facing an economic disaster on a scale never before seen in human history, involving a massive increase in our national debt BEFORE the jobless situation turns into a rout, as it will. During the Great Depression, the government had an ace in the hole: it could safely print money. That is not the case now. In other words, there is no net this time, not with the fantastic deficit we are running.
Congress is in a no-win situation. The bailout will fail because it will cause the dollar to collapse. But if there is no bailout, the entire credit system will fail. This will mean that there will be no money to borrow to buy a car, certainly not a house, or even to finance business inventories or things like cash flows.
If there is no bailout, very quickly, and by that I mean over the next few months, the economy will grind to a halt. I believe that many banks--quite possibly most of them--may fail. If there is a bailout, that won't happen, at least, not for a while, but with a collapsed dollar the economy of the entire world is going into a tailspin which will take years to put right.
Meantime, virtually every country on earth will experience severe economic disruption, on a scale that has not only not been seen since the Depression, but that has never before been seen.
So there must and will be a bailout. But the reason one is needed at all goes back to my September 10 journal entry: the abandonment of the Sherman Anti-Trust Act has allowed companies to get too big--that is to say, too big to fail. This means that huge corporations always now have a safety net--us, the taxpayers.
To me, this feels like a gigantic scam, but, in reality, nobody expected these entities to fail. Now that this has happened, though, we need leadership that will enforce Sherman and compel a lot of these gigantic entities to break up. This way, we really will have a free market. Six or ten giant companies do not constitute a free market. That's corporate socialism, and we are seeing the result: the only thing that can now save the situation is a huge dose of state socialism.
The economic situation is bad, obviously, and terrorism is a danger, but, incredibly, our overall situation gets worse, and this has to do with climate. Recently on Unknowncountry, we ran a story about starving polar bears. They are starving because the arctic summer has been too warm because of global warming. But there is another concealed problem that is far more serious even than their suffering. It is that massive quantities of methane gas are being released by melting arctic permafrost. Methane is a far more powerful greenhouse gas than carbon dioxide, and the result of this release is going to be dramatically higher temperatures next year and the year after, with the result that even more outgassing will take place.
Temperatures are going to literally shoot up worldwide during this period, very much as they did 11,000 years ago just prior to the period geologists call the Younger Dryas. The ice age had ended, and warming had begun. But massive quantities of methane were trapped in the world's permafrost, and it flooded the atmosphere, so temperatures shot up to about where they are today.
Then the trapped methane ran out, and the atmosphere was suddenly clear of it. Temperatures plummeted, and, as German scientists have recently discovered and Art Bell and I predicted in Superstorm, the climate went from warm to cold in a single season.
All of this is going to happen again, and in the context of the worst economic crisis we have ever known, not to mention the possibility of terror attacks of extraordinary power.
Let me give you a timeline.
First, the most likely time for a terror attack is this October. It hits us just as the economy is collapsing, and disrupts the presidential election. If it strikes Washington, the country takes the worst blow it has ever taken in its history. As there is no continuity of government plan in effect that takes the possibility of the sudden disappearance of Washington into account, it is literally anybody's guess what might happen next.
At the same time, bailout or no bailout, over the next eight weeks we will see extraordinary changes in financial markets and in our lives. Without a bailout, we will see credit dry up and banks fail. With one, we will see the dollar collapse.
In terms of the environment, it is likely that scientists will announce sometime this fall that methane outgassing has taken place over the summer at unprecedented levels. We will begin to see its effects next winter. The wild card here is the sun. If it remains quiescent, there will be fewer coronal mass ejections and therefore less heat reaching earth's atmosphere. (How the sun affects our weather is controversial, but there is general agreement that it gets warmer during solar maxima.) At present, the solar wind is probably as low as it has ever been, so the sun could help us here.
I think that there is a very real risk of terrorism and social upheaval right now, or those troops would not have been deployed to the U.S.
It could be--in fact, it's probable--that the bailout will be approved by congress in some form this weekend. If that happens, the stock markets will respond explosively next week and gold will plummet.
If so, it would be a good time to put cash into the yellow stuff, it seems to me. But
I'm no investment adviser, so don't take my word for it.
Friday, September 26, 2008
Why we are in so much Financial Trouble...
The paragraph that I am quoting below is EXACTLY why we are in such a mess!
I will highlight the key sentance in bold for everyone.....and then we wonder why this mess has gotten so out of control......
_______________________________________________________________________
Government Seizes WaMu and Sells Some Assets - NYTimes.com: "But the seizure and the deal with JPMorgan came as a shock to Washington Mutual’s board, which was kept completely in the dark: the company’s new chief executive, Alan H. Fishman, was in midair, flying from New York to Seattle at the time the deal was finally brokered, according to people briefed on the situation.
Mr. Fishman, who has been on the job for less than three weeks, is eligible for $11.6 million in cash severance and will get to keep his $7.5 million signing bonus, according to an analysis by James F. Reda and Associates.
WaMu was not immediately available for comment."
______________________________________________________________________
Arrg.....is all I can say
I will highlight the key sentance in bold for everyone.....and then we wonder why this mess has gotten so out of control......
_______________________________________________________________________
Government Seizes WaMu and Sells Some Assets - NYTimes.com: "But the seizure and the deal with JPMorgan came as a shock to Washington Mutual’s board, which was kept completely in the dark: the company’s new chief executive, Alan H. Fishman, was in midair, flying from New York to Seattle at the time the deal was finally brokered, according to people briefed on the situation.
Mr. Fishman, who has been on the job for less than three weeks, is eligible for $11.6 million in cash severance and will get to keep his $7.5 million signing bonus, according to an analysis by James F. Reda and Associates.
WaMu was not immediately available for comment."
______________________________________________________________________
Arrg.....is all I can say
Thursday, September 25, 2008
Continuing News on the Bailout of the Financial Meltdown
I say let the crisis evolve without government intrusion and let the cards fall where they may.
If Wall Street comes crumbling down so be it....the world will eventually be better off if we get rid of all this "nonexistent" money and add to that getting rid of all the "high paid" executives that head these companies as they get obliterated.
The common man (most of us) will recover just fine in the long run.
I personally cant see us taxpayers bailing out all of these companies that have been careless and wreckless for the longest time.
Maybe this could be the start of a new "everyone gets a piece of the pie" economy where money doesnt mean as much such as the world that is potrayed in series such as "Star Trek" where everyone does things to contribute to society but the haves and the have nots of people are more equally balanced and no one is poor and no one is rich....we would all be pretty much the same.
Getting rid of famine and making this world livable for each and every soul that inhabits this planet.
Well at least those are my thoughts but what do I know as I am only a little peon in this big old world we all inhabit....
Read more on the web by clicking on the link below:
JS Online: Associated Press News
If Wall Street comes crumbling down so be it....the world will eventually be better off if we get rid of all this "nonexistent" money and add to that getting rid of all the "high paid" executives that head these companies as they get obliterated.
The common man (most of us) will recover just fine in the long run.
I personally cant see us taxpayers bailing out all of these companies that have been careless and wreckless for the longest time.
Maybe this could be the start of a new "everyone gets a piece of the pie" economy where money doesnt mean as much such as the world that is potrayed in series such as "Star Trek" where everyone does things to contribute to society but the haves and the have nots of people are more equally balanced and no one is poor and no one is rich....we would all be pretty much the same.
Getting rid of famine and making this world livable for each and every soul that inhabits this planet.
Well at least those are my thoughts but what do I know as I am only a little peon in this big old world we all inhabit....
Read more on the web by clicking on the link below:
JS Online: Associated Press News
Saturday, September 20, 2008
The New World Order Keeps Diggin In...
Bush asks for sweeping "financial powers" in order to stabilize the U.S. financial system!!!
What else does the NWO want in return for giving $700 billion and maybe even $1 trillion dollars to various banks and investment houses???
A paragraph from the following article: The proposal does not require that the government receive anything from banks in return for unloading their bad assets. But it would allow Treasury to designate financial institutions as "agents of the government," and mandate that they perform any "reasonable duties" that might entail.
What may I ask are "resonable duties"...?
Time will tell...but I do not think this is going in a good direction.
That is unless you are part of the Illuminatti or one of their cover orginazations.
Head to the web to read the rest on the latest government bull crap by clicking on the link below....
JS Online: Associated Press News
What else does the NWO want in return for giving $700 billion and maybe even $1 trillion dollars to various banks and investment houses???
A paragraph from the following article: The proposal does not require that the government receive anything from banks in return for unloading their bad assets. But it would allow Treasury to designate financial institutions as "agents of the government," and mandate that they perform any "reasonable duties" that might entail.
What may I ask are "resonable duties"...?
Time will tell...but I do not think this is going in a good direction.
That is unless you are part of the Illuminatti or one of their cover orginazations.
Head to the web to read the rest on the latest government bull crap by clicking on the link below....
JS Online: Associated Press News
Will They Heed the Warning??
It seems the biggest science experiment in decades has hit a snag after it's initial start up. I wrote about the super collidor a few posts ago. These scientists are trying to recreate the conditions that led to the creation of the Big Bang (the percieved creation of the universe) and if you ask me, they are playing with fire and potential trouble.
And now the story comes out that there indeed has been a snag of sorts and they have had to cease operating this experiment untill they can figure out what went wrong.
I sure hope they know what they are doing.....I sure dont want to see our world sucked into a black hole because of this...
Read on by clicking on the link below to go to the web for the article that explains this latest snag:
JS Online: Associated Press News
And now the story comes out that there indeed has been a snag of sorts and they have had to cease operating this experiment untill they can figure out what went wrong.
I sure hope they know what they are doing.....I sure dont want to see our world sucked into a black hole because of this...
Read on by clicking on the link below to go to the web for the article that explains this latest snag:
JS Online: Associated Press News
Wednesday, September 17, 2008
The 2nd Great Depression-2008
I do not think I am far off in the above heading after reading what has been happening in the U.S. financial sector over the last few days.....time to start putting our money in our mattresses like our grandparents did way back in the 20s and 30s.
And now today another massive drop on Wall Street:
The stock market took another nosedive Wednesday as the American banking system appeared even shakier and investors worried that the financial crisis is spinning so far out of control that even government rescues can't stop it.
The Dow Jones industrial average, which only two days earlier had suffered its steepest drop since the days after the Sept. 11 attacks, lost another 450 points. About $700 billion in investments vanished.
One day after the Federal Reserve stepped in with an emergency loan to keep American International Group Inc., one of the world's largest insurers, from going under, Wall Street wondered which companies might be the next to falter.....
And in case anyone needed additional symbolism, a glass panel near the top of a Bank of America skyscraper in Midtown Manhattan fell more than 50 stories onto the street below and shattered. No injuries were reported.....
Click on the link below to go to the web to read the rest of the story:
JS Online: Associated Press News
And now today another massive drop on Wall Street:
The stock market took another nosedive Wednesday as the American banking system appeared even shakier and investors worried that the financial crisis is spinning so far out of control that even government rescues can't stop it.
The Dow Jones industrial average, which only two days earlier had suffered its steepest drop since the days after the Sept. 11 attacks, lost another 450 points. About $700 billion in investments vanished.
One day after the Federal Reserve stepped in with an emergency loan to keep American International Group Inc., one of the world's largest insurers, from going under, Wall Street wondered which companies might be the next to falter.....
And in case anyone needed additional symbolism, a glass panel near the top of a Bank of America skyscraper in Midtown Manhattan fell more than 50 stories onto the street below and shattered. No injuries were reported.....
Click on the link below to go to the web to read the rest of the story:
JS Online: Associated Press News
Tuesday, September 16, 2008
The New World Order Continues to Thrive
(enlarge this photo to see the Federal Reserve under Financial Groups)
This just in:
Fed Readies A.I.G. Loan of $85 Billion for an 80% Stake
The Federal Reserve was close to a deal Tuesday night to take a nearly 80 percent stake in the troubled giant insurance company, the American International Group, in exchange for an
$85 billion loan, according to people briefed on the negotiations.
An earlier news alert, overstating the progress of the talks, incorrectly reported that a deal had been completed.
Read More:
http://www.nytimes.com/?emc=na
Ok so a big part of this New World Order centers around a few poweful organizations and one of those is the Federal Reserve.
With the above deal going through, the NWO will control alot more than 85 Billion Dollars worth of loans....mark my word....this is just the beginning of total control by an order that has been trying to muster control of world finances for a long time.
Fed Readies A.I.G. Loan of $85 Billion for an 80% Stake
The Federal Reserve was close to a deal Tuesday night to take a nearly 80 percent stake in the troubled giant insurance company, the American International Group, in exchange for an
$85 billion loan, according to people briefed on the negotiations.
An earlier news alert, overstating the progress of the talks, incorrectly reported that a deal had been completed.
Read More:
http://www.nytimes.com/?emc=na
Ok so a big part of this New World Order centers around a few poweful organizations and one of those is the Federal Reserve.
With the above deal going through, the NWO will control alot more than 85 Billion Dollars worth of loans....mark my word....this is just the beginning of total control by an order that has been trying to muster control of world finances for a long time.
Monday, September 15, 2008
America's Financial System in Melt Down??
At least that is what the headlines in some of the papers including the one below are saying.
I have wondered in the past few months how long the big banks and investment firms could go on like nothing has happened....with the housing crisis and the other things that have been going on and yet our president keeps saying we are NOT in a recession.
I have wondered in the past few months how long the big banks and investment firms could go on like nothing has happened....with the housing crisis and the other things that have been going on and yet our president keeps saying we are NOT in a recession.
The article goes on to say that almost $700 Billion dollars has evaporated from retirement plans and other plans.....time for me to look at my 401K (or maybe I should not look at it right now for fear of crying...)
Another part of the article talks about all the people at Lehman who are loosing their jobs that probably they were overpaid for in the first place, mentioning even that there were gawkers standing on the sidewalks outside the building in NYC taking photos with their cell phones of workers carting out personal momentoes in gym bags ect.....I had to laugh at that one!!!
Well if this is not part of being in a recession, I guess I did not listen very well when I was sitting in my high school economics class......
NEW YORK (AP) -- The upheaval in the American financial system sent shock waves through the stock market Monday, producing the worst day on Wall Street in seven years as investors digested the failure of one of its most venerable banks and wondered which domino would be next to fall......
Obama called it "the most serious financial crisis since the Great Depression." McCain declared in a new TV ad that "our economy is in crisis" and that only he and his running mate, Alaska Gov. Sarah Palin, could fix it. McCain also told voters in Jacksonville, Fla., "The fundamentals of our economy are strong."
Sunday, September 14, 2008
Storm Damage Is Extensive and Millions Lose Power from Hurricane Ike
Well it didn't hit with the furry of a category 4 or 5 but it still did alot of damage to the eastern coast of Texas and to the city of Houston.
Alot of the area that I vacationed in back a few years ago took a pumeling that is for sure. I stayed up late on friday and watched the Eye come ashore via the different news channels and it did not seem to be too bad but I guess there were alot of things going on that the news cameras (some on Galveston (Island) did not capture.
I guess most of Metro Houston is still without power but it sounds like most people came away unscathed for the most part...which is a good thing I surmise.
To the web for more on the damage that Ike affected:
Storm Damage Is Extensive and Millions Lose Power - NYTimes.com
Alot of the area that I vacationed in back a few years ago took a pumeling that is for sure. I stayed up late on friday and watched the Eye come ashore via the different news channels and it did not seem to be too bad but I guess there were alot of things going on that the news cameras (some on Galveston (Island) did not capture.
I guess most of Metro Houston is still without power but it sounds like most people came away unscathed for the most part...which is a good thing I surmise.
To the web for more on the damage that Ike affected:
Storm Damage Is Extensive and Millions Lose Power - NYTimes.com
and this site has extensive coverege as well:
Thursday, September 11, 2008
His name is Ike and he looks Mean!
Here we go again...
Hurricane Ike is set to come ashore around Galveston and Corpus Christie Texas with effects as far west as Houston. There have been evacuations orderd for the area surrounding Galveston Island and a few other places along the Texas coast....
Hurricane Ike is set to come ashore around Galveston and Corpus Christie Texas with effects as far west as Houston. There have been evacuations orderd for the area surrounding Galveston Island and a few other places along the Texas coast....
The weather forecasters are saying it could become a category 4 by the time it reaches landfall.
I vacationed in the exact areas as the current hurricane is set to come ashore at a few years ago.
Galveston Island is just awesome and Houston remains one of my favorite cities to this day.
I hope all fairs well for everyone down there.
I guess we will see in the next day or two....
For more about Ike, click on the link below:
JS Online: Associated Press News
Today is 911 (7 years after that is)
911....
The day that will live in infamy.
On Sept. 11, 2001 some 2900 people supposedly lost their lives to terrorists and thus started the massive "War Machine" that went into effect directly after with the Iraq War following a while later.
Was it a massive government conspiracy as some think it was or was it just one of the worst attacks by terrorists on a nation in man's recent history??
We will probably never know for sure but alot of things I have heard and read in the past few years lead me to think it was planned with some of the most important and influental people in the world to usher in a "New World Order" of sorts for this planet. But I will not go into that today.
Suffice to say that alot of people lost their lives and alot of things happened because of this day and we will all be feeling the effects of this day for many years to come.
I remember viewing the 911 site in NYC when I was out there a few years ago. The park where they have the big massive brass ball that was in the center of one of the towers that survived (a bit damaged but still recognizable) and the trade center site itself with the plaques with all the names of the people that died in the towers and the police and firemen who also died trying to help with things....I will never forget all of that and I am glad I got a chance to personally see the site in my lifetime.
The day that will live in infamy.
On Sept. 11, 2001 some 2900 people supposedly lost their lives to terrorists and thus started the massive "War Machine" that went into effect directly after with the Iraq War following a while later.
Was it a massive government conspiracy as some think it was or was it just one of the worst attacks by terrorists on a nation in man's recent history??
We will probably never know for sure but alot of things I have heard and read in the past few years lead me to think it was planned with some of the most important and influental people in the world to usher in a "New World Order" of sorts for this planet. But I will not go into that today.
Suffice to say that alot of people lost their lives and alot of things happened because of this day and we will all be feeling the effects of this day for many years to come.
I remember viewing the 911 site in NYC when I was out there a few years ago. The park where they have the big massive brass ball that was in the center of one of the towers that survived (a bit damaged but still recognizable) and the trade center site itself with the plaques with all the names of the people that died in the towers and the police and firemen who also died trying to help with things....I will never forget all of that and I am glad I got a chance to personally see the site in my lifetime.
A multimedia exploration of what the plans are for the site can be seen by clicking on the link below:
My favorite local paper also has an article on things happening today with rememberences and things regarding the anniversary. Is it right to call it an anniversary??
Clicking on link below will bring up the JS Online article:
JS Online: Associated Press News
Wednesday, September 10, 2008
The Start of Time Travel? The End of the World?
Well the LHC is finally starting up...
The Biggest Super Collider (and what some are calling the biggest physics experiment in the world) underwent it's first test today in Geneva.
Some say that the things that will eventually come from this massive experiment include the ability to travel through time (click on the link below for a utube video trying to explain a bit about all this):
The Biggest Super Collider (and what some are calling the biggest physics experiment in the world) underwent it's first test today in Geneva.
Some say that the things that will eventually come from this massive experiment include the ability to travel through time (click on the link below for a utube video trying to explain a bit about all this):
......and maybe even possibly the very destruction of the world as we know it (as in creating a super black hole that could consume the earth and possibly even the universe).
The story below talks about the initial start up:
JS Online: Associated Press News
And this article talks about it as well and has some video and photos of the collider:
http://www.newscientist.com/article/dn14699
Needless to say, I feel that this experiment could be the start of something wonderous or maybe even something that may set us on the road to extinction.....I guess time will tell.
The story below talks about the initial start up:
JS Online: Associated Press News
And this article talks about it as well and has some video and photos of the collider:
http://www.newscientist.com/article/dn14699
Needless to say, I feel that this experiment could be the start of something wonderous or maybe even something that may set us on the road to extinction.....I guess time will tell.
Tuesday, September 9, 2008
To Change Washington, Move Some of the Government Out - Op-Ed - NYTimes.com
This article from the New York Times makes alot of sense.
There are so many areas of our great country that are suffering right now because of job loss.
If we were to move certain elements of the federal government out of D.C. and into the heartland and other places where people have lost their jobs.....well that just makes some good old "commom sense" if you ask me.
Read on for more:
Op-Ed Contributor - To Change Washington, Move Some of the Government Out - Op-Ed - NYTimes.com
There are so many areas of our great country that are suffering right now because of job loss.
If we were to move certain elements of the federal government out of D.C. and into the heartland and other places where people have lost their jobs.....well that just makes some good old "commom sense" if you ask me.
Read on for more:
Op-Ed Contributor - To Change Washington, Move Some of the Government Out - Op-Ed - NYTimes.com
Thursday, September 4, 2008
Mayor Palin: A Rough Record
And more and more interesting information is starting to come out in regard to McCain's choice for V.P. on his presidential ticket.
The article below talks about how she tried to get a librarian fired for not banning books with language that she (Palin) felt was inapropriate....
Add to that alot of religious views and strong arm tactics (gag orders on her staff not to speak to the media) that she injected into her political career......but yet she supposedly played "loose" in her early days..according to recent interviews in Hustler Magazine....
I see a lot of things here that give me the "eebie-jeebies" and to think that this could be the person who inherits the 2nd most powerful job in America......this is scary
Read on for more:
Mayor Palin: A Rough Record - TIME
The article below talks about how she tried to get a librarian fired for not banning books with language that she (Palin) felt was inapropriate....
Add to that alot of religious views and strong arm tactics (gag orders on her staff not to speak to the media) that she injected into her political career......but yet she supposedly played "loose" in her early days..according to recent interviews in Hustler Magazine....
I see a lot of things here that give me the "eebie-jeebies" and to think that this could be the person who inherits the 2nd most powerful job in America......this is scary
Read on for more:
Mayor Palin: A Rough Record - TIME
Wednesday, September 3, 2008
The Devil DOESN"T wear Prada!!
Meryl Streep has nothing on this bitch....
-She is an avowed "hockey mom" and will probably be one of those hellish "Helicopter Parents" trying to make sure that she is involved in every aspect of her kid's grown lives.....
-Her newborn son has "Down's Syndrome" and she knew this while she was pregnent but yet decided to have this child instead of easing it's misery by aborting it....
-Her 17 year old daughter is pregnent by an 18 year old man (isn't that statutory rape??) and as a public official she doesn't even mention that...only that she says they will get married. Will that be before or after he gets charged for putting his peter in her small little republican twat??
-She has spent nearly 27 Million tax payer dollars for "Pork Barrel" projects for a town of 6000 people while she was mayor (a senior center and sewer repairs to name a few of them) and yet part of McCain's focus is to eliminate wastefull government spending....
-She supposedly used her power as an elected official to try and get her ex brother in law fired (an Alaskan State Trooper) and when his boss would not...she fired him!!!!
What am I missing here??
Probably quite a bit that has not come out yet.....
And to think that if McCain wins the presidency, this woman could possibly be our president if by some chance that big growth on McCain's face kills him or god forbid he dies of old age (oh wait..he is already old!).....
I am not all that wild about Obama as president but in the long run I think our chances at having a more stable economy and getting back some of the prestige our nation had at one time around the world are better off in the hands of the democratic contender than by McCain and this witch.
Time will tell I guess.
What am I missing here??
Probably quite a bit that has not come out yet.....
And to think that if McCain wins the presidency, this woman could possibly be our president if by some chance that big growth on McCain's face kills him or god forbid he dies of old age (oh wait..he is already old!).....
I am not all that wild about Obama as president but in the long run I think our chances at having a more stable economy and getting back some of the prestige our nation had at one time around the world are better off in the hands of the democratic contender than by McCain and this witch.
Time will tell I guess.
The story below talks about the "trooper mess" :
http://www.detnews.com/apps/pbcs.dll/article?AID=/20080903/POLITICS01/809030388
And this one goes into further detail:
And this one goes into further detail:
http://www.alternet.org/election08/97159/sarah_palin's_trouble_with_the_police/?page=entire
Read on for some of her comments from her speech at the "circus" tonight:
JS Online: Associated Press News
Read on for some of her comments from her speech at the "circus" tonight:
JS Online: Associated Press News
Subscribe to:
Posts (Atom)