Posted on 02/13/2009 9:11:37 PM PST by sickoflibs
“We are on the hook for trillions of dollars for all these people that Geithner keeps bailing out: AIG , Fannie Mae Freddy Mac. I would have let them go bankrupt. That’s the way the world is supposed to work. When people fail they’re supposed to fail. It’s not supposed to have bureaucrats like Mr Geithner step in and put up trillions of taxpayer money in order to save his friends. You know they are all driving their Lanbridinis and he’s supporting them instead of worrying about the taxpayers.”
“Geithner is the wrong guy for the job. he’s been around for 15 years and everything he’s done, every policy he was part of turned out wrong. He was the NY fed. The NY fed is supposed to be supervising Wall Street and the banking industry where all the problems have come from ,and it was his responsibility. And now they have given him the keys to the treasury. He’s too favorable to the banks and won’t let them go bankrupt. When Bear Sterns was collapsing everyone said “Mr Geithner saved Bear Sterns”. Why did he save Bear Sterns? He saved them because he wanted to save all their bonuses. They got jillions of dollars of bonuses which they wanted to keep. Mr Geithner stepped in and saved them. In retrospect it was a disaster to save Bear Sterns.
“All of these policies were the wrong policies; the same mistakes the Japanese made in the 1990s; by bailing out everybody in sight, not letting anybody fail, by having zombie banks, having zombie companies. Mr Geithner was in Japan in the 1990s to see it yet he was on TV the other day and said “The only problem with Japan was they didn’t spend enough money”. This is nonsense, they did nothing but spend money. They spent trillions of dollars of Yen on bridges to nowhere, tunnels to nowhere, highways to nowhere and they wouldn’t let people fail. They propped up the system . Mrs Geithner is doing the exact same thing bailing out his friends and spending money on nothing”
Entire video at : Jim Rogers : We Don't Have a Plan 11 Feb 2009
If you realize both parties in Washington think our money is theirs and you trust them to do the wrong thing, this list is for you.
If you think there is a Santa Claus who is going to get elected in Washington and cut a few taxes and spend a few trillion and jump start the economy, and get our lost money back, this list is not for you.
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The great unwinding of U.S. Treasuries began this morning in earnest. Look out.
I’m so sick of watching the parade of the incompetents on Wall Street....in government.....in universities....at the drive-through window....it’s everywhere.
I’m so sick of watching the parade of the incompetents on Wall Street....in government.....in universities....at the drive-through window....it’s everywhere.
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I get so damned mad at just the average guy on the street.
You can just look at people and it’s amazing how many of
them have their head up their... DISGUSTING!!!
America on road to disaster ping!
We’re going to let the Peanut outfit go bust, some of these banks were just as full of vermin and crap.
There is something very odd about Geithner. He almost looks fearful, like he was put there by someone to do something and doesn’t really want to be there. I can’t figure him out yet, but I’m relatively certain he is someone’s puppet. Soros?
Either a eventual revolution or a eventual civil war will change everything, if either one ever does happen at some point in the future.
Either a eventual revolution or a eventual civil war will change everything, if either one ever does happen at some point in the future.
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The stuff is going to hit the fan in various ways and in various degrees of “splat”.
What happened?
It’s beginning to look to me like the whole B.O. maladministration, in spite of their dubious “victory” today, is rapidly spinning out of control in a death spiral seeming to possibly take the country’s finances with them to an early grave!!!
IMO, this Rogers is a suck-egg traitorus opportunist who is an expatriot and no longer wishes any good upon his former country and I wouldn’t spit on the best part of him!!! (even if he’s correct)
Treasuries have lost 3.6 percent this year, their worst annual start since 1980...
Yields climbed on longer-maturity debt in five of the past six weeks as bond prices fell amid concern that the Federal Reserve may not buy U.S. debt to keep yields low while the government increases its borrowing.
“The bond vigilantes are testing” the administration and Fed policy makers
http://www.bondsonline.com/News_Releases/news02100901.php
Why would he bother if he's what you say he is?
The guy's not exactly a pauper, you know. I don't know about yours, but his pile is a lot bigger than mine, even allowing for recent developments. Why wouldn't he just sit back and relax? Or are you in the Tax Cheat's camp?
bttt
You know they are all driving their Lanbridinis
Huh?
I do not like geithner at all but I do not agree with rogers on letting all these firms go bankrupt. Counterparty risk would be mind-boggling in such a case of a major clearing firm like bear going under. Am I wrong on this? Can someone tell me how counterparty risk issues would have worked out?
I was going to respond until you tried to insult me!!!
Does this mean that inflation is around the corner?
Then I take it you agree that Jim Rogers is an American patriot.
I thought I expressed my opinion quite succinctly. You’ve been around these parts long enough to figure it out, right???
You can’t possibly be serious!!!
Well, he's sitting pretty over in Singapore with the wife and kid. Yet he chooses to get on Fox (and Bloomberg) and attempt to set his country straight. And you take offense at that. You must be from Rio Linda.
He's sitting over there on his "piles" because although he's completely thrown his lot in with China, he won't move there because his kid would probably be killed by all the polution!!!
He's essentially another "Man Without A Country!" Somebody that's turned and spurned American isn't worth spittin on as far as I'm concerned! His "piles" have NOT made him any wiser than any American who refuses to turn away from his own country of origin!!! Comprehende???
Oh! And yo momma never taught you any non-insulting manners, did she sonnyboy!?!
It’s about damned time that “somebody” gives the children in Congress and the White House a spanking.
Jim Rogers is a close ally with Soros...THAT is what I don’t understand....I always figured Rogers was another Sorus mouthpiece......
Wrong. He was a business associate a long time ago, but hasn't associated with him since.
Rogers and Soros founded the Quantum fund in 1980, which gained 4200% in the next 10 years. Rogers left the fund in 1980, and started traveling on his own, investing, and writing books.
The Quantum fund under Soros, then broke the British pound in 1992 by massively shorting it, some 12 years after Rogers was associated with the fund or Soros.
The Liberal Democrats are giving the mafia a run for their money. (Isn’t it ironic that Al Capone was brought down by evading income taxes? The only difference is that now the income tax evaders are now the income tax collectors and things are becoming more and more ironic with a twist.)
IMHO
Alan Grayson, a Democrat from Florida, is wide awake in this video:
This is the Worst Deal Since Manhattan Was Sold for $ 24 Worth of Trinkets
Leni
Except for politicians, George Soros, and Jim Rogers.
You're not wrong. Rogers is a selfish jerk. When he says something it is for his own benefit, not others.
Paulson did the same - what is the matter with these people? They give our money away to people who have destroyed our country, they're "friends". And we're suppose to look up to them?
"Friends" who ran their companies into the ground and want big fat "taxpayer paid for" bonuses for it?
Geithner doesn't pay his taxes because he's sooooooo much smarter than the rest of us - and they put him in charge?
Something doesn't add up.
I assume short term treasuries are just fine... right?
The peanut guy's just as big a crook as Geithner and his banker "friends", but he didn't go to the right schools - - and he doesn't know how to talk the "oh so superior" talk.
Guess that means the peanut crook's not too big to fail. NO bailout,
NO big fat bonus,
NO get out of jail free card for the peanut lowlife.
Now the game is up, and we shall pay dearly.
"The logic of the conspiracy theorists in this regard is, of course, impeccable: Goldman alumnus Josh Bolten runs the White House, while his former boss, Hank Paulson, runs the Treasury. They both speak regularly to former Treasury Secretary Bob Rubin, now over at Citigroup, who ran Goldman before Paulson and who keeps Paulson and Bolton dangling like puppets on a string. They all supposedly touch base with the heads of the Italian and Canadian central banks—both Goldman alumni—and with Robert Zoellick, head of the World Bank, ex Goldman. What's more Paulson is now getting his advice on how to handle the crisis from Ken Wilson, the recently retired Goldman partner and financial-institutions M&A banker, who Paulson just recruited to Washington to help him out. Already at Treasury were Goldman alumni Dan Jester, Anthony Ryan, David Nason and Bob Hoyt, the department's general counsel. And—the conspiracy crowd can't help but point out—Neel Kashkari, 35, a former vice-president at Goldman who Paulson recruited as assistant secretary of international affairs in 2006, has just been appointed—by Paulson—to run, on an interim basis, the new $700 billion bailout fund."
~~William Cohan, "Does Goldman Sachs Really Rule the World?" October 2008
“Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.”
~~President Andrew Jackson, on the 2nd National Bank
"Give me control of a nation's money supply, and I care not who makes the laws."
~~Mayer Amschel Bauer Rothschild (1744 -1812), Godfather of the Rothschild Banking Cartel of Europe
Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.
~~Sir Josiah Stamp, in1927 the 2nd richest man in England, and former head of The Bank of England
"The crisis of the abuses of banking is arrived. The banks have pronounced their own sentence of death. Between two and three hundred millions of dollars of their promissory notes are in the hands of the people, for solid produce and property sold, and they formally declare they will not pay them. This is an act of bankruptcy, of course, and will be so pronounced by any court before which it shall be brought. But cui bono? The laws can only uncover their insolvency, by opening to its suitors their empty vaults. Thus by the dupery of our citizens, and tame acquiescence of our legislators, the nation is plundered of two or three hundred millions of dollars, treble the amount of debt contracted in the Revolutionary war, and which, instead of redeeming our liberty, has been expended on sumptuous houses, carriages, and dinners. A fearful tax! if equalized on all; but overwhelming and convulsive by its partial fall. Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper, as we were formerly by the old Continental paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they have, in manufactures, commerce, and other useful pursuits, make it an instrument to burthen all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs. Prudent men must be on their guard in this game of Robin's alive, and take care that the spark does not extinguish in their hands. I am an enemy to all banks discounting bills or notes for anything but coin. But our whole country is so fascinated by this Jack-lantern wealth, that they will not stop short of its total and fatal explosion."
~~Thomas Jefferson to Dr. Thomas Cooper, 1814
It may mean that the government will have to print lots of new paper if the government can not sell the Treasuries.
Inflation will come, just not sure now soon.
Geithner is a poor little rich boy who is in way over his head. He comes from deep pockets back several generations, and has never had to learn the value of a dollar. The economic concept of "scarcity" is not in his experience or vocabulary. One of Spengler's many "Ivy League puppies", he is educated far beyond his intelligence. He will fail as SecTreasury.
But then, he is not there to succeed, as the term is usually understood.
If and when his signature ever appears on any money, I had planned to buy a stamp that says "Obama Tax Cheater" and a red ink pad to use on every bill I may have an outline of his picture added.
“There is something very odd about Geithner. He almost looks fearful, like he was put there by someone to do something and doesn’t really want to be there. I can’t figure him out yet, but I’m relatively certain he is someone’s puppet. Soros?”
I worked over 3 decades with a reasonably successful company. Most of the time they promoted from with in. So we knew the people, their abilities and potential problems.
Sometimes, the corporation hired and promoted from outside to higher management for two reasons.
1. Basically a hit man or hit woman to cut throats or back stab to get rid of people or to set up very unpopular policies. These people came and did their Friday the 13th stuff and would leave. Their maximum stay was 1-2 years.
2. Supposedly no one in the corporation had the skills of the new outsiders hired and promoted to management. Most of these people reminded me of Geithner, they obviously lied on their resumes and had no skills. So they looked and acted like unwanteds whenever they were asked a legit question. Most were lucky to last a year.
I’ve never wanted to cheat on my taxes before, I won’t but sadly I want to now.
It may become the way of the resistance, though I suspect it would only speed our destruction.
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