To de Prognostications postin ah fo got to include a post-prognosticating Guvmint non-prognostication
“All safe deposit boxes in banks or financial institutions have been sealed… and may only be opened in the presence of an agent of the I.R.S.” – President F.D. Roosevelt, 1933
Ah found “Prognostications” by accident in de dictionary n figures it lends presteege ta dis heah postin. Its a hum-dinger. So ah runs across sum Prognostications done around de 1929 Crash n figured ya’ll like ta read em. Solid men a business Prognosticating afore de storm.
Remember tho, dat de 4 most dangerous words in investing is: “Dis time, it’s different.”
If ya hears dat, RUN!
“There will be no interruption of our permanent prosperity.”
- Myron E. Forbes, President, Pierce Arrow Motor Car Co., January 12, 1928
“There is no cause for alarm. The high tide of prosperity will continue.”
- Andrew W. Mellon, U.S. Secretary of the Treasury, late September, 1929
“Buying of sound, seasoned (stock) issues now will not be regretted”
- E. A. Pearce market letter quoted in the New York Herald Tribune, October 30, 1929
(Dats de day a de Stock Market Crash a 1929)
“Hysteria has now disappeared from Wall Street.”
- The Times of London, November 2, 1929
“[1930 will be] a splendid employment year.”
- U.S. Dept. of Labor, New Year’s Forecast, December 1929
A verse frum de #1 Hit song a 1930 (tho originaly recorded in late 1929)
Happy days are here again
The skies above are clear again
So let’s sing a song of cheer again
Happy days are here again
Miny folks is concernd bout safely protectin der wealth in taday’s economic hail storm whur Federal Reserve Note purchasin power is bein eroded by 900 Billion dollars a new money enterin de economy thru Guvmint Loans to de Piratical Grafters in Major Corporations a Necessity. I’d like ter point out dat American Dollars kin be very safe provided ya uses de right ones. Confederate paper money issued by a defunct Guvmint is now worth (in dem Federal Reserve Notes) mo dan de face value a de Confederate Note. Fo xample, on Ebay de other day whin a wuz lookin fo ma Stock Market Certificate ah saw: (1) 1864 $10 Confederate Note fo $24.99 in current Federal Reserve Notes; (2) Rare 1862 $100 Confederate Paper Money Note fo $149.99 in current Federal Reserve Notes; (3) Rare 1864 $100 Confederate Paper Money Note fo $119.99 in current Federal Reserve Notes; (4) 1864 $1 one dollah Confederate currency note money CSA fo $56.00 in current Federal Reserve Notes; (5) 1864 Confederate Civil War $10 Money Artillary Cannon fo $20.50 (current Federal Reserve Notes) n so on. Now since de Confederate Guvmint is extinct dey don’t water de currency down inny mo by issuin say 900 Billion dollahs a new Notes. In addition, (n by far mo important) der is no Confederate Federal Reserve System which creates ex nihilo (poof) money or makes loans a de “poof” stuff to graftin n failin corporations. Confederate Paper Money issued by de defunct Guvmint without a Federal (or Confederate) Reserve System is very stable n should be fah safer dan de current Federal Reserve Notes wuts ya gots in yo pocket.
Ah gots a confession ter make. Ah is in de Stock Market. Ah had sumpin in de cookie jar n decides ah is gettin in!! De sky is de limit!! She’s a goin tru de roof!! (Dats de stock market ah means, not my neice). Ah did dis bout 2 weeks ago. Ah calls up one deese heah Broker Firms. Figured he needed de business as he is advertizen dat he is broke n ah had sumpin in de cookie jar ter put into de Stock Market. Ah says to him on de phone,”Ah wants ter git inter de Stock Market quick afore ah misses de riches ah deserves an is also entitled to”! Well he asks me wid audacity, “How much ya gots to put in”. Ah tells him,”One dollah in Federal Reserve Notes issued 1963, n 38 pot metal Lincon pennies, all recently minted, n a real solid copper Canadian Penny wid de Queen on him dated 1956″! Dats ma cookie jar bankroll. He tells me,”We ain’t lettin ya in”. Den he hangs up soundin insultin. Fo a fella dats stone broke he sho didn’t have much wisdom. Ah wasn’t talkin crunched credit heah, ah was talkin cash money a de Realm (exceptin de Canadian penny a course) n no egg money what so evah. So wishin to gits inter de Stock Market sos ah kin be rich by de week end when ah wuz goin fishin, ah figures ah gots to out-flank em. Ah looks on Ebay n ders loads a dem Stock Certificates fo sale. Ah finds one cheap (dey is all goin up ya know) frum 1929 n Ebay bids him in at (ah think twuz) 97 cents cash money. Ah tried sendin de message dat if de seller went down 10 cents a wud throw in de Canadian penny but he is a tuff seller n don’t cave in. Ah wins it tho. Ah chose a 1929 stock certificate cause ah figures if he survived de 1929 crash he gonna survive de next one. Course none a dem crashes is possible wid de Federal Reserve System, but dats another mattah. Innyhow, ah is in de market wid 7 shares a 1929 INTERNATIONAL SECURITY MGMT. CO. wid a “Davis” fellas name on it. Now it ain’t got ma name on it, but ah figures possession is 9/10ths a de Law n ah gots a US Postal Money Order receipt a purchase too. Um in de market n ders no indication on de ticker dat ma stock has dropped a smidgen.
Today is Tuesday, Sept 30, 2008 n my 2nd day a bloggin. Ain’t got no bill fo dis yet, so alls well n don’t gotta sneak down de back stairs fo de getaway. Ain’t learned ta dance de Blog eithah. In case ya don’t know it, ah is broke. Not flat, but have just enuff ta makes it till de next Social Security check. Well yesterday wuz de 770 point drop on de Stock Market. Now a lotta rural folk thinks de Stock Market is de town Auction Barn where ya dumps a few hogs or a bull on de open market auction, scoops up de winnin cash n runs. Ah am speakin heah to dos less surfistikated bout de Wall Street Market which messes wid paper stuff wid out havin de bull. Course, out front a one a de Auction Barns der on Wall Street is a bronze bull. Don’t know why dey gots dat der fo. Maybe its ta commemorate when dey auctions de bull in de old days, or maybe dey still deals in bull markets taday. Innyhow dey likes de Bronze Bull, maybe de 4 legged bull too, n de verbal ones as well. Dats why dey calls it de Stock Market. Ah recalls from de Old Testament how de Children a Israel took to worshipen de Golden Calf. Dey gots in truble fo dat. Guess Wall Street folks read dat n said, “Dey ain’t nuthin der bout bronze, n besides, spose de calf growd up!” So dey gots a real nice Bronze Bull just fo Wall Street folks.
Now, bout de 770 point drop. Ah nevah hear-d of a football score like dat one. Dey don’t post de winnin teams score but ah figure de Federal Reserve has computed him out by now. When de Stocks goes down de Treasury Bonds goes up (usually). De Federal Reserve System (set up in 1913) is 12 privately owned Banks wid stock out to only de BIG Banks. De Federal Reserve takes US interest bearin Treasury Bonds ta create fiat money ex nihilo (dats Latin fo “poof”). Dey calls dis money Federal Reserve Notes. De stock market drop means de Federal Reserve is richer today dan de day afore cuz de bonds dey already gots has gone up wid de Stock market goin down. Since de Federal Reserve gots tons a treasury bonds ovah de last 90 years, why dey is makin it on de down side. Fact is, since der is no accountablility fo what dey duz, why dey kin cause de market to go down. Remember de Federal Reserve has de messianic duty to save us frum ourselves in “Panics”…er…. “Depressions”….ah…well its ”Recessions” dis week, by manipulatin de currency n such. Credit is crunched right now, ya gots to realize dat. De Federal Reserve can raise or lower de crunch factor at will cause dats wut dey wuz setup to do. De credit market needs no $700 Billion atall cuz de Federal Reserve has de power already to de-crunchify credit. Dats de facts a de matter, plain n simple.
Now ya also gotta remember dat de Federal Reserve makes him on de up side too. When tings is goin up den de Federal Guvmint needs mo money n dey gives de Federal Reserve mo interest bearin Treasury bonds so de Federal Reserve “poof” some mo Federal Reserve Notes so de Federal Guvmint kin meet de payroll (which also keeps goin up). De Federal Reserve is happy wid dis system.
Den der is de extortion factor portion a de Federal Reserve System. Since de Federal Reserve can cause ups n downs a de Stock Market n Credit at will wid out accountability to innybody (Federal Reserve bein de financial messiah a de National economic system) why dey kin warn Congress to give em $700 billion or so a beer money or dey gonna make de Stock Market drop. Congress didn’t kickout wid de payoff so dey done a lil bit a droppen (say 770 points or so). Congress will listen mo closely now, de payoff ante gonna go up n Happy Days are heah agin!! Dats my assesment a economic forcastin from de Ozarks a Missouri, Home a de Noble Missouri Mule.
Dis heah wuz a comment on de Biggest Bank Failure in US History and JP Morgan n friends snatchin it up “cheap like”.
De sharks turn cannibal in a feedin frenzy. Dey eats each other. Same is true a big bankin. JP Morgan n friends swallows a big un heah. Real cheap so dey say. Now de financial feedin frenzy is on. FDIC can’t do nuthin cuz dey hasn’t got any money ta speak of. Maybe 2 cents or less on every bank account dollah dey guarantees. So dey is forced to find a buyer at a rock bottom price of any failed bank n set aside bank regs ta do it too. Maybe a baby bank dey might publicly payout on fo “confidence” buildin sake. FDIC is a “Fractional Reserve Insurance” outfit. Dey hardly got a smidgin of a fraction a what dey claims to cover. Read yo bank book savings account information page. Banks don’t have ta let ya withdraw nuthin if dey don’t wants to. Suppose a failin bank says “Ah is gonna take 3 months ta honor dis heah withdrawel request”. Perfectly legit ta do dat. Ya see a tower a jello is bound ta topple if ya builds de jello too high. A debt based national economic tower a jello, built on debt money (called fiat money) is gonna topple when ya try to reach de moon wid it.
Posted Sep-26
Dis one was a commentary bout de BBC story which had de required propoganda in it sos folks wut don’t think stays happy in fantasy land
Ah just loves de wordin in de BBC News postin ah made…..”troubled assets”…..”illiquid mortgage assets” ……etc. In de honest days deese things would be called “liabilities” not “assets”. De problem is dis….if de banks take a “asset” n moves it off de “asset” ledger page to a “liabilities” ledger page den de bank has lowered its required “Reserves”. If dey does dat n “Reserves” gits too low dey get seized by de Feds (assuming de Feds don’t set aside bank regulations fo de good a de people). So banks carry “None Performin Assets” on de “asset” page a de ledger books n alls well wid de world. Dey is chocked wid reserves right now, tho none of em might be currently “Performin”. Bet ya didn’t know dat wuts goin on ain’t Credit bein Crunched. No Suh, its dat “financial markets” is just clogged. Shucks, a good team a plumbers kin fix dat. On second thought, plumbers is Big Money Billin folks. Givin de Loansharks de $700 Billion might be cheaper.
Posted Sep-26
Ah sees ma 2nd postin has been heah fo 5 minutes. Ah gonna try a 3rd one. Dis comes from de BBC. USA news leave out sum crucial stuff so ya reads foreign press to gets de important part. Ah thinks dis one prutty self explanitory.
Start readin de overseas news. Heah is wut de Internet BBC News is reportin on de Nationalization a Debt n Privitizin a Profits (“bailout) game-plan. Ref: http://news.bbc.co.uk/2/hi/business/7631321.stm
“One in 10 US mortgage holders is now 90 days or more in arrears, and one in four families with a sub-prime mortgage is in serious arrears. What is the Treasury planning to do? The Treasury is asking for unlimited authority to purchase these “troubled assets” in order to remove the “illiquid mortgage assets” that are clogging the financial markets. It wants wide authority to purchase any “residential and commercial mortgage-related assets, which may include mortgage-backed securities and whole loans”. It also wants authority to purchase “any other assets as deemed necessary to stabilize the financial system” after consultation with the chairman of the Federal Reserve. And it wants complete discretion to determine the timing and scale of any purchase, only subject to the total spending cap of $700bn. The bail-out plan is scheduled to last two years, after which the authority to buy up assets, but not to sell them, would expire”.
Posted Sep-26
Well ma furst XYZ News comment repost heah is still posted heah. Maybe a good sign. Ah gonna try nuthah. De comment below was on a News Story listin de names n payoffs to de Big time CEOs a failin companies. -
If XYZ News wants ta perform a public service, then keep track ta see if deese fellas is still inside de US. Dey may well pull de Philippine dictator Ferdinand Marcos n Imelda Marcos gambit. Imelda give up concubinin n married Ferdinand n dey gets into de Guvment Treasury plunderin business. Dey ran a corrupt Phillipines Guvmint fo 21 years (from 1965 to 1986) when de law got to closin in. De heat was on. As CEO a de Phillipines, Fernando just had de corporate jet fueled up n dey loaded as much of de Phillipine Treasury as dey could (de high value, low weight n small size stufft) n went vacationin to Hawaii knowin dis is de Land a de Free Plunderer. We says, “Gimme yo Dictators, yo big time Grafters, yo rich scalawags n such (as long as dey arrives wid a big chunk a de swag fo de payoff)”. CEO Ferdinand died in 1989, de rumor bein dat a sack a hot Phillipine Treasury diamonds fell off de pile n hit him in de head. Nevah could confirm dat tho. Imelda finally went back to de Phillipines, beat de rap dat she had plunder 5 billion dollahs outa de Phillipine National Treasury. She ran fo de Phillipine Congress gots elected n lived happily everaftah. So when ya see deese CEO fellas ya listed loadin de Coporate jets wid de booty, de concubines climbin aboard, n de Wall Street trucks dumpin Greenbacks into de Corporate cargo jets den be sure dey is followin in de footsteps (maybe its de jetstream) a de Marcos mob. Just find out how many homes dey got in countries wid out an extradition treaty wid de US. Dats where dey is headed.
Well ah have tried to post heah a online comment ah made bout a News story on an online News company site. Ah ain’t gonna say which News outfit. Ah did dat in ma furst attempt ta post dis, it got posted heah den it disappeared. Heahs de thing. Ah wuz really angry over de Treasury Transfuh Bill Congress is goin vote in (dats a certainty). Ah posted a lotta stuff on various other on line News stories wid de News outfit too. All ma posting disappeared der aftah a few days ah me stirrin up de works. Ah can’t get on de News Story Comment section of dis outfit if ah uses mah log-on name. If ah types in mah comment log-on name all de comments on de News Stories disappears n ah kin type out a comment post which when ah sends it in gives mah computah screen dat say “Page not available”. Folks dat think too much is always dangerous n ah guess ma comments wuz de dangerous type. All mah old comments wid dis News outfit is gone too. Ah nevah wuz der if ya reads de comments available. So below ah am postin a comment bout de “bail-out” story. Its a formally posted News Story comment dat don’t exist. -
Der is an ol maxim, “De borrower is de slave a de lender”. From whut a sees in life (ah am n old duffer n see’d mo den most a ya), why dat sho is true. N right der is de reason why de Congress gonna shuffle der feet some, talk tuff, n den pass dis heah 700 billion dollah grab, which is de “ante” dat gets us all into de new game a “Shore up Confidence”. De old carnival pitch used ta be, “Ya can’t win if ya don’t bet”! Now acourse ya can’t loose neither but dey leaves out dat part. Carnival folks was good at skinnin folks inter getting into de rigged games dey got goin. Dis heah “Shore up Confidence” game is a rigged one too. All dem Federal Reserve Notes ya got is made from debt. De Federal Guvmint gives interest bearin bonds to de Federal Reserve n de Federal Reserve gits de Treasury to print up dem things. De Federal Guvmint is deep in debt to de Federal Reserve (which is 12 privately owned banks wid stock out to de BIG banks whut set it up). If de Federal Guvmint don’t do whut ol Massa Federal Reserve says den Ol Massa Federal Reserve threatens to break em by dumpin a heap a bonds on de bond market. “De borrower is de slave a de lender” n dats why Congress gonna pass de 700 Billion dollah ante ta gets us into de ongoin new game a “Shore up de Confidence”.
