Sunday, December 21, 2008

It is Mad Mad MadOFF world

Paul Krugman Worte This In NewYork TImes.
http://www.nytimes.com/2008/12/19/opinion/19krugman.html?em

Well, Dear Paul, You could have read the ANTI-SOPITALIST and simply would have known that this PONZI scheme is how USA operates today in all aspects. It helps nobody to write about those things after they happened. Truly smart and thinking people do not put any of this in political terms, because DEMocrats and REPublicans are all corrupted the same way. In all aspects of life. It is the life itself itself in AMERICA of TODAY that is a PONZI.

If you want to truly help peole Dear Krugman, write about SOCIAL SECURITY PONZI, WRITE ABOUT MEDICARE PONZI, these are not a 50 Billion PONZIES though. THESE ARE 50 TRILLION DOLLAR PONZIES

12:15 ET, 12/21/2008 Dear Subscribers, please see the bigpicture(1 2 and 3 ) uploaded at psite

23 comments:

John said...

Boris,

Good morning, yes the whole country has become a Ponzi scheme. The work ethic is almost gone. My next door neighbor is close to losing their house but this guy refuses to work more than one job. His wife is besides herself. The guy is in his early 40s and just plain lazy but his car is worth 3 times worth my little toyota. I could go on and on but I count my blessings because if he had been foreclosed before I sold, it would have been more difficult for me.
Empire of Debt says it all.
It is below zero with snow

old john

boris said...

Dear John,
Good monring to you my Dear Friend.
YOu say "http://www.nytimes.com/2008/12/19/opinion/19krugman.html?em".

Dear John, Is there enugh work, for this guy to work. I am asking this question seriously, as I find unemployment running rampant.

Yes, you will be out that cold pretty soon, thank GOD
GOod trading

John said...

Boris,

During good times this guy did not want to work. He used his home equity loan for fancy cars. Now , I think he is cooked. I would be frantic but his attitude is, If I lose the house then we ( he has a little girl) will just rent an apartment.
Different attitude, I would be delivering pizzas, shoveling snow, whatever I could.
You are correct though, unemployment is getting worse. With him, it would be hard to say as he thinks he is above manual labor, I spent years in a factory when I was going to school after the service.
old john

John said...

Boris,

I do not express myself well but I think the average American still does not get it. They think they are entitled to an upper middle class existence without the hard work. I must be too old to understand it.

old john

boris said...

Dear John,
I understand. What you mean.
SO, he is just in general, not a type to take it seriously, just live by monent!

Besides he maybe waiting for government to classify him as the "someone who needs help", Why not we now have that legistlated, to help the people, like him, stay home ( yes my article at safehaven "do not leave home"). In fact, we just gave him an incentive even if he did not, before, think about it!!!

Talk about MORAL HAZARD AND PONZI

Good Trading Dear John,

John said...

Boris- he is classic" live for the moment" and as safehaven pointed out_ government will bail us out.
It is not just him, that attitude is all over the place, I do not get it.

old john

boris said...

Dear John,
We do not get it , because
because this is not how our minds
work.

But In America, average person today and long time thinks like Madoff ,exactly like him.

He says.

Well I will do what the corrupts are doing around me in the local and federal gov. and I will in general do what the sopitalists do and what have I got to lose.

Turn in back the home , that he does not own anyway!

With what is going on now, totally proving hime right why would he act otherwise.

Only if he was raised like you and me.

But he , most likely , was not!!!!!!!!


That is why we do not get it my Dear Friend

GOod Trading

jill said...

John,

Right now Barney Frank is making plans to bail out your neighbor (at your expense, of course)

http://tinyurl.com/5ywmcn

John said...

Jill,

I think they can try and bail him out but it will not last. I think any bailout will just delay the inevitable. He will not change and the general population will not change. I hate to get so philosophical but I think this great country has reached the pinnacle. Rome, Spain , Great Britain, etc - all became fat and lazy . Empire of Debt

old john

John said...

Boris,

I almost forgot - Happy Hanukkah

old john

boris said...

Dear Jill,
Yes, Definitely,
ANother sopitalist. B. F.

What else does he know to do , except ROBB honest people and reward the lazies and zombies, while cutting the coupon on the way in and out!

Thanks and Good Trading

boris said...

Dear John,
Happy Hanucca, to everybody and Happy upcoming new Year.

But I can not help , but agree with you.

YOu are absolutely right.

Only so far can we rob the productive world and enjoy our lazy status.

At some point it all stops. Especially at the first signs that our milittary supperiority is gone
And that is not going to be because the hardware does not work, but because people would not want to operate the war machine at the slave "rent an army" prices.
GOod Trading

boris said...

I spell "hannucca"
because in reality the the ending of that word is much softer to be expressed as "kka", but I realise that is the way the WEST spelled it forever(:-

GOod Trading

boris said...

John, says.

"I think they can try and bail him out but it will not last. I think any bailout will just delay the inevitable. He will not change and the general population will not change. "

Yes, Dear John,

But think about it, you are on the TITANIC, to buy time is all you can do.

And that is the way most of the country feels. Everybody around is stealing and begging gov for money and people finally think, "why not me". What is wrong with this picture? they say. If I am on the sinking boat, I may as well enjoy the "good life" at the expense of others , while there is still opportunity to do so.


That is exactly what WALL STREET did so far and stolen most of what was not bolted on the TITANIC of AMERICA.

they took it all and bought themselves places on the beach fronts of the world.

By the way that was not all confined to USA either.

British ran all around the world spending their POUND while it had the bogus power 1 year ago.

Russian did the same.

that is why the prices in Meditterenian and Adriatic went sky high, not to mention , Israel and other sought after beaches in ASIA, AFRICA , SOUTH AMERICA etc.

אנטי-סופיטליסט said...

Good day all, john My area missed the big snow but getting lots of cold wind. Well here is my 2 cents worth on the subject,we no longer have the driving force of americans that we had back in the 40's and 50's, they are either dead or retired and just trying to live out the rest of there lives in peace and quiet and the generation now and the future is use to getting things handed to them and don't know hard work if it hit them in the face, that is the down fall of technologies and it will not get any better in the future. Young minds playing video games that teaches them how to go steal for a living or sell dope. There is no future for the young and innocent if they do not get into some kind of healthcare system and not all has the brains to do that so the poor steals from the rich and the rich steals from whatever workforce is let that is still able to invest in the stockmarkets until this country becomes a 3rd world country. The very rich will not be satisified until this is achieved. well that is enough for a while. Merry Christmas everyone. waldo.

boris said...

Dear Waldo,
You are so right.
Yes unfortunately you are.
I am not sure how to fight it except doing the same, trying to beat them at their own game!

Boy that is a difficult, but , in my mind possible, taks.

And frankly, I do not know or have any other way doing it.

If they want to fight me, let them.
I know I draw their blood/money, every time I can, but I am careful and can do it in small amounts.

Hope to one day raise enough of ANTI-SOPITALISTS brainy enough that will not let itself to be taken easily down, but Dear Wadlo, has the point.

They have already large enough of the massed they can draw from slave output for years.

And do not forget the ready money sitting in SOCIAL SECURITY that they can steal/depreciate without impunity.

What else the 0 rates. It did not help japanese and it will not help us, but it will help the rotten banks to recapitalise thenslves and that could take... Well, Japan is at it 18 years already!!!

Good Trading

אנטי-סופיטליסט said...

Boris, there is nothing left in the social security system but IOU,S they have been robbing the ss blind for years for there spending sprees they have done. allan greenspan said this a long time ago that the social security system would be better off if they moved it out of washington so the politicans could not get therer hands on it. waldo.

boris said...

Deare Wadlo,
Yet, he arranged to collect more of it( reagan commission in 1980s) so that goverment ( which he really knew will not let SS go) to spend it.

Dear Allen was a ... I do not know the words. I am Sick of the polititians and central bankers robbing us, by having this "distributed responsibilties" which confuses who is liable for what and allows them to steal with impunity.

This is not how our founding fathers invisaged gov working and FED certainly was not even on the map til 1913.

Good Trading Dear Waldo,
and Yes, while all the old money is gone, please do not forget there is 2 trillion collected every year that should be deposited for rightful owners in the fund ( non existatant as you correctly point out)

Good Trading

xerxes said...

Good Morning Dear Boris....

I fread this on Shedlock's blog:

The comments suggest that he isn’t done yet cutting interest rates after already lowering the benchmark lending rate four times in the past 10 weeks. The reductions, including two unscheduled ones, pushed the cost of borrowing to a record low of 2.5 percent. The central bank is also buying $100 million in foreign currency a day to help weaken the shekel and make exports cheaper....

So Boris...is this why the buckeroo has a bid these days :-)

xerxes

xerxes said...

How many times can one use "failed" in a sentence?:

Despite the US being the epicentre of all the failed debts, failed securitisations, failed credit derivatives, failed rating agencies, failed banking businesses, failed corporate governance, failed accounting standards, failed capital adequacy models, and failed regulatory forbearance, the US dollar has recently strengthened as deflation globalised. The US exported inflation in the boom years, and now exports deflation in the bust years.

copied from the London banker

xerxes

boris said...

dear xerxes,
THanks for the items you bring to our attention.

I believe in the frist item you refer to our friend central banker of Isreael Dear Fischer.

Yeap,

They all lwant the the worthless currency. Who is going to get it first(:-

We shall see

Good Trading

sharon said...

Dear Boris

YOU ARE SO RIGHT.

US t-bond are the biggest PONZI case ever. but again - this is the all point in the new ecomomy - lets live based on tommorow earnings...

Sharon

sharon said...

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