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| User Info | Are We Going To Sit On Our Hands? in forum [Ticker] | |||
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Genesis Posts: 71431 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/731-Ar....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-01-19 13:54:06
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Gmak Posts: 10176 Incept: 2007-07-27 
Re-inventing the future at the speed of time.
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Unfortunately, although the internet is great for galvanizing opinion and thought, it seems to be lacking when it comes to organizing actions. By its very nature, it is a passive medium. I did see on another board the suggestion that everyone mail tea bags (used or new, I guess) into CONgress and the Senate. The symbolism under American myth and lore should be obvious to even politicians and their staff. Perhaps that might be somewhere to start. If a picture is worth a thousand words, how many is a symbol worth?
2009-01-19 14:03:28
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Ilyachern Posts: 567 Incept: 2007-06-26 
North Miami Beach Florida
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I bet the message tomorrow will be "MORE OF THE SAME". We are great, our economy is strong, if we just all sacrifice a little everything will be just great. And it will be for the few pigmen who looted the country and are now laughing at us.
---------- The Fed won't be winding down their balance sheet. Their balance sheet will be winding down the Fed. Level 9 9/23/09
2009-01-19 14:03:58
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Guyfawkes Posts: 352 Incept: 2008-09-19 Texas
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I like the teabag idea. The calls/emails didn't seem to do the trick, maybe backing up a dumptruck full of tea bags and dumping them on the Capitol lawn would make more of a statement. EDIT: Another great ticket by the way. How about dumptrucks full of tea bags being dumped on the Capitol lawn at the same time several more dumptrucks are dumping millions of printed out Tickers right next to them. Have the media ready to film it....get a sizeable crowd to attend....have it all on the evening news. ---------- It's still "We, the People".....right? Last modified:
2009-01-19 14:14:41 by guyfawkes
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Dirtysouth Posts: 2766 Incept: 2007-09-20
Love Truth Honour ॐ Banned
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Quote:Are We Going To Sit On Our Hands? "Yes We Can" Viva La Revolución! ---------- Forest First...Trees Second Feb 9 ~ Mar 11 ~ Apr 09 ~ May 09 ~ Jun 07 ~ Jul 07 ~ Jul 22 ~ Aug 06 ~ Sep 04 ~ Oct 04 ~ Nov 02 ~ Dec 02 ~ Dec 31
2009-01-19 14:21:11
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Alanha Posts: 2087 Incept: 2008-12-30
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' Any premise that the "global bank bailout" scam could possibly work was dashed ' to pieces this morning. The entirety of the European banking system was routed, ' with share price losses ranging from 50 to 75 percent - in one day. HSBC, ' Barclays and RBS were all decimated as the truth has started to leak out and is ' no longer able to be ignored. If the market resumes sliding on Tuesday, I'm beginning to think that unresolved 930 gap in the SP500 won't fill until 2018.
2009-01-19 14:42:21
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Junkyard Posts: 5251 Incept: 2007-11-06
NZ: land of the damned
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Um (I seldom post in these threads) ...Quote:Mellon had it right, and it is time for people to rally to this cry - "Liquidate, liquidate, liquidate. Liquidate it all." Who's Mellon? Add1: Note that someone has cut-and-pasted KD's article on their site here: http://www.istockanalyst.com/article/vie.... ---------- It's the people in power having to admit that they know ... But you don't say it... It's a conglomarate. If one of them betrays the principles of the accrual of money and power, the others betray him. Last modified:
2009-01-19 14:49:10 by junkyard
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Gmak Posts: 10176 Incept: 2007-07-27
Re-inventing the future at the speed of time.
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Hmmm. No attribution either. Plagarism it seems.
2009-01-19 14:51:29
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Fidgit Posts: 14065 Incept: 2008-02-18
AllyBammy
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---------- I say it's spinach, and I say the hell with it.
2009-01-19 14:54:57
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Koolaid Posts: 3171 Incept: 2007-07-23
Atlanta
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Quote:Who's Mellon? Andrew Mellon was Sec. of Treasury under Herbert Hoover during the Depression. He advocated the liquidation of weak banks. Basically a "let them fail" policy - anti-Keynesian. Bernanke and his ilk wrongly attribute his policies for causing the Depression. Last modified:
2009-01-19 15:02:21 by koolaid
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Junkyard Posts: 5251 Incept: 2007-11-06
NZ: land of the damned
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Thanks Koolaid That means the ****sucking mouthbeathers are ****ing killing the messengers. (Apologies, my sleep's screwed) -- they ****ed Mellon in his grave and ... hey ... didn't they like give-a-shove to a certain Sec-Treasury back in 2001/2002, among many others who saw the truth? As long as these anti-christ financial+political false gods keep lynching the world, by right it's still doom and gloom then. Add1: I found that site after I googled: Quote:Mellon had it right, and it is time for people to rally to this cry - "Liquidate, liquidate, liquidate. Liquidate it all." ...just to find out who this "Mellon" was. Pretty cool if you ask me -- KD may want to consider hidden/cryptic checksums in his content just for kicks and giggles on how many are actually depending on his ticker for fundamentals or opposite (those on the opposite side of his/our trades) ---------- It's the people in power having to admit that they know ... But you don't say it... It's a conglomarate. If one of them betrays the principles of the accrual of money and power, the others betray him. Last modified:
2009-01-19 15:17:49 by junkyard
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Will Posts: 76 Incept: 2008-12-26
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Obama is going to make it worse. He plans to lie his way through this: http://www.cnbc.com/id/28723130 In one pass he says: the first half [of the TARP] was ineffective and poorly accounted for... "No one can really tell you where the money went," he said. "We have to make sure the money doesn't go to excessive CEO pay and dividends when it should be going to lending."" and then out the other side of his mouth he plans to put into effect the "Bad Bank": "Obama is considering setting up a government-run bank to acquire bad assets clogging the financial system" Nice spin. So if we buy crap from banks at over inflated prices (the bad bank idea doesn't work if you buy it at market prices) so that banks don't go bankrupt. With that bank executives will be sure to keep their jobs and bonuses. These two things, buying crap off of banks and preventing executives from receiving unearned bonuses simply do not go together. This will be a ruse. That Obama is priming the media for a massive continuation of the fraud is completely lost on the Obamamaniacs who not only want to blindly trust him but also oppose all criticism of him by others.
2009-01-19 15:29:58
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Musashi Posts: 2949 Incept: 2007-11-06 Behind the Irony Curtain
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There is pretty good evidence that the "bank holding companies" are using our money to speculate in the oil market again, and setting us up for another massive hike in oil prices. http://jessescrossroadscafe.blogspot.com....
2009-01-19 15:35:44
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Berkleyreindeer Posts: 560 Incept: 2008-07-22 Minneapolis , MN
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the averages can't give proper respects to the financial meltdown anymore because they are so tiny. BAC, citi, aig, rBS, BCS are huge companies with tiny market caps in comparison with their former selves. The market indexes are going to take the massive downlegs when megacap companies tank. exxon, chevron, IBM, walmart, VZ, T. these are holding the averages up. (Exxon and chevron are probably wortha decent fraction of the whole banking system now. and they report in 2 weeks with oil in the 30's.) when is someone in washington or new york going to ring the bell for a massively capitalized new bank that wants to borrow at 1% and lend at 5 or 6%? That is how we kill off the zombies...make them irrelevant. then they will be allowed to die. until we have a backup plan C, plan A remains the only plan washington is willing to consider (since plan B, let them die, isn't happening) ---------- It'll get worse. Just wait.
2009-01-19 15:38:20
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Uncleoxidant Posts: 1704 Incept: 2007-07-10 Stumptown
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The day after FDR took office in 1933 he declared a bank holiday: Quote:On March 5--the day after being sworn into office--Roosevelt stepped into the breach and declared a "bank holiday," which, for four days forced the closure of the nation's banks and halted all financial transactions. The "holiday" not only helped stem the frantic run on banks, but gave Roosevelt time to push the Emergency Banking Act through the legislative chain. Passed by Congress on March 9, the act handed the president a far-reaching grip over bank dealings and "foreign transactions." The legislation also paved the path for solvent banks to resume business as early as March 10. Three short days later nearly 1,000 banks were up and running again. http://www.history.com/this-day-in-histo.... This (as I understand it) was done ostensibly to figure out which banks were solvent and which ones weren't. They let the solvent ones open up 5 days later and they shut down the insolvent ones. As I understand it there were very few bank failures after this action. While FDR is remembered for all the Keynsianism that followed, Perhaps this was FDR's best contribution to help solve the problem? It was kind of like Mellon's "Liquidate, liquidate..." idea. The banks couldn't play hide the sausage any longer. The keynesians seem to want to only remember FDR's keynesianism. ---------- I am NOT a consumer, I am a Citizen!
2009-01-19 15:52:48
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Alanha Posts: 2087 Incept: 2008-12-30
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Uncleoxidant, Roosevelt's bank holiday didn't do anything that the market wasn't already doing: identifying which banks were insolvent.
2009-01-19 16:10:29
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Pabloescobar Posts: 5325 Incept: 2008-04-23
Pacific Northwest
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We may wake up tommorrow with news that there is a bank run going on in the UK, especially in light of what's going on with Ireland. Too bad Obama cannot call a bank holiday in UK. ---------- Science is built up with facts, as a house is with stones. But a collection of facts is no more a science than a heap of stones is a house. - Jules Henri Poincare
2009-01-19 16:23:44
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Kickthecan Posts: 356 Incept: 2008-11-06
Seattle
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The teabag idea is great. Instead of dumping them onto the Capitol lawn, though, they could be put into the reflecting pool, along with printouts of the EESA bill and the stimulus package.
2009-01-19 16:27:55
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Will Posts: 76 Incept: 2008-12-26
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filling the reflecting pool with tea bags is a great idea! this action could be echoed in all cities by dumping tea bags into all public fountains.
2009-01-19 16:42:02
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Gen_maximus57 Posts: 2263 Incept: 2007-09-03
Miami
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The Grand Supercycle Bear is making more and more sense, we are in the process of repeating history back 232 years ago. I like the tea bag idea too, any legal issues with this one? Steph? ---------- Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper.
2009-01-19 16:48:13
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Will Posts: 76 Incept: 2008-12-26
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legal issues - maybe polluting. be aware that in any civic demonstration if the cops want to arrest and detain you they will find an excuse. most of the time your greatest risk is a few hours or over night in the tombs and then a desk appearance ticket. when police are flooded with too many people they will either let the action happen unchallenged or will arrest a few to try to make examples of to the crowd. DC btw has some fairly good public demonstration laws, unlike NYC which, despite the US constitution, has a law against any public gathering of 50 or more people - an arrestable offense - unless you have a permit. Bloomberg and the City Council are fascists. in my experience of public demos in NYC I think the tea bag action would go relatively unchallenged. but that's a guess and I'm not a lawyer!!! You exercise your first amendment rights at your own risk (and that's not a joke).
2009-01-19 16:56:19
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Jazumah Posts: 142 Incept: 2008-08-20 New York Online
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I like the tea bag idea. Perhaps groups should start setting up free ice tea stands and giving out flyers saying "Welcome to the Boston Tea Party - Part 2".
2009-01-19 17:55:15
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Lakeshorelady Posts: 5400 Incept: 2007-08-17
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I was just thinking Think about some of the statements Obama has made -- saying some of what he is set to do will be not be popular Think about how he and the dem of Congress -- how it is public they are not exactly seeing eye to eye Think about him knowing Geithner had these issues and how they were introduced late Think about his overt dissatisification with Paulson -- coming out after the people elected him Think about how it has been said he will start his presidency without a Treasury Secretary -- Paulson is not even staying on until Geithner is confirmed Think about him saying he has a "strong message" to the banks Think of the kind of families Obama and his wife came from -- No silver spoon on either side Now think -- one may have a lot of things to say about Obama but someone trying to sell that he is stupid isn't going to one that is successful Perhaps we may be in for a little or big surprise (depending how you look at it) on this one -- A "strong message for the banks" -- that is no belated Christmas card talk When one is not even wanted for the short time to confirmation when their job is currently such a big important function for the US (considering the siutation this isn't like some other POTUS having an open cabinet position for a bit) A person so not wanted for policy that they will not stay on the job for a very short time -- That STRONGLY says no love lost betweeen those two. I hope Kasnkari has the brains to ask the moving trucks to swing his way too Read this again -- This is NOT Obama talking. This is a person leaving doing the talking - Quote:Outlining the idea on Friday, outgoing Treasury Secretary Henry Paulson and FDIC Chairwoman Sheila Bair said the government could use money from the Treasury-administered TARP fund to capitalize a new institution that would be able to absorb toxic assets weighing down bank balance sheets. Who knows ---------- "Like all other idealisms, patriotism varies from a noble devotion to a moral lunacy." - W.R. Inge
2009-01-19 18:28:47
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Fatso Posts: 1764 Incept: 2008-02-03
Roll on up, gonna roll back down
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LSL, I want to agree with you so bad it hurts. Put it this way: If Obama does manage to do the right thing and force the pigmen to their knees, he truly will be the OBAMESSIAH. ---------- The most defining theme, and overriding purpose, of the U.S. Constitution is to limit the power of the federal government. Over that, there can be no historical, or textual, debate. - Tickerfan
2009-01-19 18:34:34
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Ribbit Posts: 888 Incept: 2007-09-10 Wales, UK
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Just use leaf tea if doing fountains. There's a good probability tea leaves can be classified as 'natural organic material' (which is exactly what they are), whereas the 'bag' a tea bag is made of could easily be defined as litter. Leaves naturally blow around in the wind after all. If posting them, sure, no problem with tea bags. Now to have a nice round rubber stamp to stamp something on the tea bags before posting . . . (an Indian with 'Made in Boston' around the edge?) PS the Internet was used to great effect in the UK organising the protest marches and rallies over the pistol ban, and also helped a lot with organising the anti hunting ban rallies and marches (the Hunt Supporters march was the biggest march in British history - you could tell just how much these were decent and moderate people too. How? There wasn't a bit of litter left at any of the massive marches or massive rallies). While reactions and 'building up a head of steam' do seem slow to those involved actively from the beginning, and can be discouraging, you have to keep plugging away until a point of inertia is reached. Ordinary decent people simply don't like making a fuss until they feel things have got to a point where they have to, they always hope for the best, which I think is understandable. But when they do turn, look out. The more moderate and restrained people are before they go orbital, the worse it is, and much worse than hot bloods that let go at a moments notice. When moderates flip, it's past time to get out of their way. ---------- Politics is just a shell game. Every time you pick a new shell, it always turns up empty. Last modified:
2009-01-19 19:13:04 by ribbit
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