Not my favorite subject...
More info to munch on
Posted on 02/21/2010 3:10:51 PM PST by Berlin_Freeper
... and what rough beast, its hour come ‘round at last, slouches toward Bethlehem to be born?
Thats why you alternate sleep shifts with your team (they teach this in basic training!)
Add this one:
Citibank is cancelling uptodate perfect credit cards, and just announced they may require a 7 day notice before withdrawals are made, starting in April.
So what’s up at Citibank?????
Got guns... Got plenty of ammo... wife knows how to shoot... and reload all the mags.
-~~Ludwig Von Mises
“Several brokerage houses tumbled; blue-sky investment companies formed during the happy bull market days went to smash, disclosing miserable tales of rascality; over a thousand banks caved in during 1930, as a result of marking down both of real estate and of securities; and in December occurred the largest bank failure in American financial history, the fall of the ill-named Bank of the United States in New York.”
~~"Only Yesterday: An Informal History of the 1920’s" by Fredrick Lewis Allen
Here’s a question on China. Who is their largest importer? If we go under... so do they. Besides, I understand China is not doing so well either.
Cash withdrawals from a credit card don’t make sense to begin with. Typically they are at a much higher interest rate than credit purchases.
#1 illegally occupies the Oval Office.
Sorry, I wasn’t clear. These are two separate issues.
1. Citi credit cards are being cancelled with no reason given. Perfect credit, paid monthly etc, just cancelled.
2. Citi checking accounts, starting April, “may” (at Citi’s discretion) require a 7 day advance notice, before ANY funds are withdrawn. This had NOTHING to do with the separate credit card cancellation issue, except to show that Citi must be on very very thin ice.
Sing it Ray!
http://popup.lala.com/popup/432627052160645780
My bills are all due and the baby needs shoes and I’m busted
Cotton is down to a quarter a pound, but I’m busted
I got a cow that went dry and a hen that won’t lay
A big stack of bills that gets bigger each day
The county’s gonna haul my belongings away cause I’m busted.
I went to my brother to ask for a loan cause I was busted
I hate to beg like a dog without his bone, but I’m busted
My brother said there ain’t a thing I can do,
My wife and my kids are all down with the flu,
And I was just thinking about calling on you and I’m busted.
Well, I am no thief, but a man can go wrong when he’s busted
The food that we canned last summer is gone and I’m busted
The fields are all bare and the cotton won’t grow,
Me and my family got to pack up and go,
But I’ll make a living, just where I don’t know cause I’m busted.
I’m broke, no bread, I mean like nothing, forget it, over.
Money’s too tight to mention
I been laid off from work my rent is due
My kids all need brand new shoes
So I went to the bank to see what they could do
They said Son looks like bad luck got a hold on you
Money’s too tight to mention
I can’t get an unemployment extension
Money’s too tight to mention
I went to my brother to see what he could do
He said Brother I’d like to help you but I’m unable to
So called on my father, father
Almighty father, he said
Money’s too tight to mention
Oh money,money,money,money
Money’s too tight to mention
I can’t even qualify for my pension
We’re talking ‘bout reaganomics
Oh lord down in the congress
They’re passing all kind of bills
From up there on capital hill, we’ve tried it
Money’s too tight to mention
Oh money,money,money,money
Money’s too tight to mention
Cutbacks!
We’re talking ‘bout the dollar bill
And that old man who’s over the hill
Now what are we all to do
When money’s got a hold on you
Money’s too tight etc.
We’re talking ‘bout money money
We’re talking ‘bout money money
Buckle up, it’s going to be a bumpy ride!
Great but terrible post.
Get ready for deflation and inflation at the same time. Get ready for counties and cities to default and screw up the bond markets to where all counties cities and states cannot borrow or have to pay sky-high interest rates
Get ready for diminished services as counties and states struggle to pay bloated pensions salaries and benefits
Get ready for entitlement slaves to go berserk when their checks stop coming.
Deflationary recession, with prices, interest rates, stocks, commodities, employment rates, and wages all declining? If so, cash and near-cash (CDs, money market, treasuries, investment grade bonds) is the place to be. Shorting equities, too, for those with strong stomachs.
Severe inflation, even hyper-inflation? Commodities, including precious metals, would make sense.
The GDOW has been badly damaged
an Index of the Global worth of worldwide equities
http://www.marketwatch.com/investing/index/gdow
Where will the investment income come from
to pay for the future?
Even taxes on Capital gains are severely negative
An interesting take. I had not considered this aspect. The liberal scientific and political elite have been wanting to significantly reduce the world's population. Not going to help property values though. If someone tries this they better hope no additional stressors occur as I believe small pox would take out half the population of the world.
Already happened with Cap One. I had been a customer for 5 years, never late, never missed, usually paid in full each month, credit score of 790 and I was sent a letter in December telling me they were closing my account on January 31. I beat them to it. I paid it off in January and closed it myself, it looks better on your credit report.
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