White House mulls new plan to buy up bad mortgages


Socialism, here we come…

Socialism, here we come…

But thats change you can believe in !..LOL…People that voted for this fool puzzle me…

too bad Ron Paul didn’t make the running. Obama’s policies so far have not been up to par.

Americans don’t want the TRUTH… They want the EASY WAY OUT!!!

Save money??? Why??? I want it NOW, not when I’m 50…I’ve heard that hundreds of times from nit wits who will never “get it.”

We did this to ourselves…

Most of the people here are at least smart enough to want to do better, and the ones that actually SACRIFICE and SAVE accomplish that.
The problem we have is no one wants to be told that this is going to be UGLY. There’s no easy way out. We dug into this mess over a 30 year period of ever increasing EASY MONEY and now it’s time to pay up.

Rookie…You work on Wall St…How many bankers do you think would have kept their jobs during the BOOM if they WEREN’T buying CDO’s, SIV’s and all the other (then) highly profitable derivitives.
I can just see a Wall St. banker explaining to the media in 2005 why every other bank on Wall St was eating his lunch. That banks board would have run him out of town!!! Shareholders would have been SCREAMING “Why are the other banks making so much and we’re just doing things the OLD WAY.” NO WAY man… This was going to happen NO MATTER WHAT. Anyone NOT INVESTING in this stuff (at the time) would have looked like a complete loser. Now they ARE the losers. they invested in it…because EVERYONE ELSE WAS!!! Keep up or GET OUT!!

It’s good old fashioned GREED folks.

Now we’re playing the HEAD HUNTING game. Does anyone else here find it incredibly ironic that the same Senators that couldn’t stay within a budget if they had GUNS TO THEIR HEADS are now grilling bank CEO’s about their track records. :banghead :banghead :banghead

It’s all BS.

So how does this all get resolved if Americans don’t want to hear it, politicians don’t have the b@lls to say it, and the media wouldn’t know the answer if it was written on a tele-prompter for them???

The answer???

A once in a generation, complete, absolute, RE-VALUING of EVERYTHING we know or OWN. It’s happening right now, as I write this…

It’s a seismic shift. EVERYTHING is about to change, and NOT for the better. Those sitting on cash will RULE THE WORLD. In a deflationary event CASH actually increases in value as prices for products and THINGS fall as people DUMP them to SURVIVE. Look at what’s taken a hit so far…

Classic cars
Real Estate
Vintage Guitars

Look at what’s happening on MAIN St. Jobs losses by the hundreds of thousands every week!! Look at what businesses are growing…

Cobblers…a once dying trade cannot keep up with demand. People aren’t throwing out their old shoes anymore…THEY’RE FIXING THEM. Nightly news had an interview with a local cobbler last night…Not only CAN’T he keep up…He can’t find anyone trained to HELP HIM…

Now at some point due to our INSANELY LEVERAGED COUNTRY…Inflation WILL return…But until it does…The Bargains will be EVERYWHERE!!!


The problem is everything in America is so haphazard and extreme.
We wait until things get to a crisis point before we act. One minute everything is extremely deregulated, now we are moving at lightspeed towards some kind of social welfare/bailout state with no apparent planning. Bush, Obama, Paulson, Geithner etc. etc. are just making it up as they go along. That terrifies me.

You are right.

It’s the pendulum effect…It swings one way, then all the way to the other side.

I wish it were just a matter of the pendulum… the concept makes it easier to understand, but that’s it… The below is copied and pasted (IOW, not my original story)…

[i]"A chemistry professor in a large college had some exchange students in the class. One day while the class was in the lab the Professor noticed one young man (exchange student) who kept rubbing his back, and stretching as if his back hurt.

The professor asked the young man what was the matter. The student told him he had a bullet lodged in his back. He had been shot while fighting communists in his native country who were trying to overthrow his country’s government and install a new communist government.

In the midst of his story he looked at the professor and asked a strange question. He asked, ‘Do you know how to catch wild pigs?’

The professor thought it was a joke and asked for the punch line. The young man said this was no joke. 'You catch wild pigs by finding a suitable place in the woods and putting corn on the ground. The pigs find it and begin to come everyday to eat the free corn… When they are used to coming every day, you put a fence down one side of the place where they are used to coming. When they get used to the fence, they begin to eat the corn again and you put up another side of the fence. They get used to this side and start to eat again. You continue until you have all four sides of the fence up with a gate in the last side. The pigs, who are used to the free corn, start to come through the gate to eat, you slam the gate on them and catch the whole herd.

Suddenly the wild pigs have lost their freedom. They run around and around inside the fence, but they are caught. Soon they go back to eating the free corn. They are so used to it that they have forgotten how to forage in the woods for themselves, so they accept their captivity.

The young man then told the professor that is exactly what he sees happening to America . The government keeps pushing us toward socialism and keeps spreading the free corn out in the form of programs such as supplemental income, tax credit for unearned income, tobacco subsidies, dairy subsidies, payments not to plant crops (CRP), welfare, medicine, drugs, etc… While we continually lose our freedoms – just a little at a time.

One should always remember: There is no such thing as a free lunch! Also, a politician will never provide a service for you cheaper than you can do it yourself"[/i]

Inflation WILL return

Already has…BIG TIME!

Masked via overhaul of packaging in nearly all consumer product areas.

Take it from someone who spent 20+ years in the printing & packaging field…

Three examples:

a) AAA batteries from a Dollar Store formerly packaged 4 per pack…now new packaging of 2 per pack at same price as previous.

b) Center paperboard core for toilet paper…formerly 1.5" in diameter…now 1.625" in diameter.

c) McDonald’s continues to meet or exceed earnings expectations even with $1 Menu still intact…yeah, right…sizes and weights of the food products have been dramatically reduced.


Definitely food in these little convenience stores is inflating. 7-11 has always been overpriced but I was shocked recently when I went there to buy 3 snacks and the bill was almost $4.00.

Yeah, manufaturers have caught onto that little hidden goldmine… dollar stores…

Used to be mismarked packages, overstock, etc. bought at a discount rate… then it moved onto moving more product, then the light-bulb went off and re-packaging hit and 24oz. went to 18oz., four to a package went to two, etc.

BUT, as long as they are paying a buck for it, doesn’t seem as bad… even though when you apply unit pricing, it actually is… as my wife say’s - “gotta’ know your pricing”…