Friday, October 24, 2008

Impeach Bush, Fire Bernanke, Fire Paulson...

Here is another example of a false fact, and how we must learn to see through the subterfuge. Mavericks McCain and Palin have been telling us "the surge is working" in Iraq, and blaming Obama for not seeing it, and Obama rightly has responded with "so if its working, what has it accomplished?" McCain (he's a maverick like Joe the Plumber, who is not even really a plumber) says we have to "give it time" to work out.

But the truth is:

"(CBS/AP) The Bush administration on Wednesday warned of "real consequences" for Iraq if it rejects a newly negotiated security pact.

Without a deal, the United States could be forced to end its military operations.

The White House said Iraqi security forces are incapable of keeping the peace without U.S. troops, raising the specter of reversals in recent security and political gains if the proposed security deal is not approved by the time the current legal basis for U.S. military operations expires Dec. 31.

"There will be no legal basis for us to continue operating there without that," White House press secretary Dana Perino said. "And the Iraqis know that. And so, we're confident that they'll be able to recognize this. And if they don't, there will be real consequences, if Americans aren't able to operate there."

Underscoring the tenuous nature of Iraq's security improvements, at least nine people were killed and 14 wounded in a bombing in a busy area of Baghdad Thursday morning, Iraqi officials said"

Bushy won last time on "fear" and "protection," McCain is trying to invoke patriotism and "we must win gracefully," but the IRAQIS themselves can't make it work.

The real truth: the "surge" game from McCain is a political sham to invoke our "patriotic" thinking. Don't fall for the lies.

The elections will cost 5.3 billion, in the ads you all hear and see. Do you really know the candidates, or know "news bites"? Think what 5.3 billion could do for our country? And think what the "news bites" have falsely made you believe.

For years Floyd has ranted about banks being slime, and Greenspan no scholar, but a bubble builder. I was made fun of by many subscribers, as we know, as Greenspan was loved. Another example of "unfiltered facts."

Read below, which I'll translate first: "HI, IT'S ME, BUBBLES, AND I WAS WRONG ON EVERYTHING AND YOU ARE ALL NOW GOING TO PAY". Here's how Greenspan said it:

(CBS/ AP) Former Federal Reserve Chairman Alan Greenspan says the current financial crisis has uncovered a flaw in how the free market system works and that has shocked him.

Greenspan told the House Oversight Committee on Thursday that his belief that banks would be more prudent in their lending practices because of the need to protect their stockholders had proven in the latest crisis to be wrong.

(Floyd: Banks and stock brokerages are all slime, and finally got caught. I've been preaching from the soapbox for years)

Greenspan said he had made a "mistake" in believing that banks in operating in their self-interest would be sufficient to protect their shareholders and the equity in their institutions. Greenspan said that he had found "a flaw in the model that I perceived is the critical functioning structure that defines how the world works."

He bluntly called the current financial crisis is a "once-in-a-century credit tsunami" which will have a severe impact on the U.S. economy, driving unemployment higher.

``Yes, I found a flaw,'' Greenspan said in response to grilling from the House Committee on Oversight and Government Reform. ``I was shocked because I'd been going for 40 years or more with very considerable evidence that it was working exceptionally well.'' Greenspan added he was ``partially'' wrong for opposing the regulation of derivatives.

Greenspan's contrition came after lawmakers and Fed watchers increasingly blamed the former Fed chairman for helping cause the crisis with lax oversight of the housing boom and derivatives markets. Normally afforded deference by Congress, he endured almost four hours of questions from lawmakers less than two weeks before a national election.

``Greenspan is finally taking some responsibility for his actions,'' said Paul Kasriel, director of economic research at Northern Trust Co. in Chicago and a former Fed official. ``The damage has been done. His reputation has definitely been tarnished.''

Good. Now impeach Bush, fire Bernanke, fire Paulson, and let's start again. Show some disrespect. Respect has what has gotten us in this trouble.

Credit cards are next, and the slimey old banks will take even more of a fall.

And, it is this fear and confusion like this that creates a market that hits 8835 to the upside in one day, and 8240 to the downside. Swings that in the past would be incomprehensible. The Nov440C was available as low as 23.00, TWICE, and sold to highs of 29.50 to 30.00, TWICE. Incredible opportunity for profits, despite the high premium to the option, and noting the high risk. We'll repeat this same signal for Friday.

Sell all OTM calls by end of day, at stop loss or gain.

1 comment:

Seven Star Hand said...

Hey Floyd,

So, why should all of humanity be forced to suffer and struggle any longer, now that the entire global financial system has been exposed as a mind-boggling deception within many other deceptions? No one in their right mind would continue to be enslaved by a proven deception, which is also proven to be undeniable slavery-by-proxy !!!

The derivatives scams alone have grown to more than 10-times the entire global GDP (at last counting) and are now failing because the scam/pyramid scheme broke and exposed the deception for all to see. A significant portion of global wealth and power was created and propped-up using these and other now-proven smoke and mirrors and house of cards illusions and delusions.

These deceptions have grown many times larger than the rest of the entire world economy. Consequently, there is no way that all of the world's governments combined, who themselves borrow so-called "money" from other central-bank smoke and mirror deceptions, can solve this debacle, by using more smoke and mirrors money scams. The only solutions they are offering will take centuries to repay, if ever.

Here is Wisdom...