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| User Info | Obama: The Market Is Issuing You A WARNING in forum [Ticker] | |||
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Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/783-Ob....
---------- "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
2009-02-10 08:10:53
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Phirang Posts: 8824 Incept: 2008-10-25 
bar khoba's revenge
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After watching Obama last night, I have absolutely no faith he will do the right thing.
---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-02-10 08:19:10
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Jubber Posts: 4242 Incept: 2007-07-05 
UK
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From what I have heard of him, I don't think he has a clue what has happened, or is going on, from a UK perspective I would have thought the blame must be with the poor choice of advisors he has surrounded himself with, but surely Volker knows what is going to happen?
---------- "War is God's way of teaching Americans geography." Ambrose Bierce "The Emperor realized that the people were right but could not admit to that. He though it better to continue the procession under the illusion that anyone who couldn't see his clothes was either stupid or incompetent." Hans Christia
2009-02-10 08:24:19
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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The rumor running around multiple circles is that Volker has been marginalized and effectively forced out of policymaking by Summers and others (most particularly Summers.) Summers is one of the chief architects of this mess from years ago; he's one of the "deregulationists" who in fact made a lot of this fraud possible. ---------- "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
2009-02-10 08:26:28
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Hreardon Posts: 81 Incept: 2008-10-05
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Watching the speech last night was like watching an oncoming trainwreck. Every sentence he completed took us one notch lower into hell. I wont' even begin to think of how the markets will react today and tomorrow. There could very well be a big rally, there could very well be a "that's IT?" collapse. Who knows. Long term though, these plans are going to be very destructive to our nation.
2009-02-10 08:27:57
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Jubber Posts: 4242 Incept: 2007-07-05
UK
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Well if Volcker still has his marbles he should resign immediately and make his case to the public as to why
---------- "War is God's way of teaching Americans geography." Ambrose Bierce "The Emperor realized that the people were right but could not admit to that. He though it better to continue the procession under the illusion that anyone who couldn't see his clothes was either stupid or incompetent." Hans Christia
2009-02-10 08:28:20
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Casperghost Posts: 329 Incept: 2008-02-20
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After they have completely and utterly destroyed our economic system they will then beg Volcker to come back and repair the damage (or totally rebuild which is more likely).
2009-02-10 08:34:01
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Phirang Posts: 8824 Incept: 2008-10-25
bar khoba's revenge
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What's the point of protecting shareholders? I get geithner's plan: 1) bid up assets using hf money 2) use their bid to "mark to model" and issue new shares to recap banks. I guess this is why you protect common shareholder? Thing is, everyone knows it's a fraud. ---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-02-10 08:37:16
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Illini82 Posts: 524 Incept: 2008-04-03 chicago
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Summers is hardly change you can believe in. he's soooo connected (as are 99% of Obama's minions) it is scary. its obvious that he will do everything he can to keep the Wall Street con game alive.
2009-02-10 08:38:48
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Xanares Posts: 1288 Incept: 2008-11-10
London
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I am trying to come up with a reason for why Summers insists on delivering a KO after having won the first round with two canvas jobs to the economy. He will forever be known as the idiot who fixed the leaking ship by making the hole bigger.
2009-02-10 08:40:41
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Summers CAUSED a huge part of this mess.
---------- "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
2009-02-10 08:44:03
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Xanares Posts: 1288 Incept: 2008-11-10
London
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Yes, and apparently redeeming himself is off the table. I guess there was a miniscule chance he and Geithner would do that, albeit it being equal in chance to unicorns showing up in Washington.
2009-02-10 08:49:32
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Phirang Posts: 8824 Incept: 2008-10-25
bar khoba's revenge
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Summers was ballin' it with Citigroup very recently... are we surprised? http://www.bostonherald.com/business/gen.... ---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-02-10 08:50:16
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Bubbasixpack Posts: 67 Incept: 2008-12-09
DFW
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Tickers like this one is why I keep coming back day after day....
2009-02-10 09:05:41
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Tdray Posts: 115 Incept: 2008-12-11
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Two things yesterday really bug the tar out of me. 1. Hearing about a crummy Treasury auction that was bailed by an anonymous buyer. 2. Obama's Mel Tillis impersonation last night. No confidence. Late February and early March look like ground zero to me. Just my $.02.
2009-02-10 09:16:11
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Stonedog Posts: 1105 Incept: 2008-05-29
New Jersey
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All I can say is brilliant. Unfortunately, this bill will pass...
---------- "F**k CNBS, CONgress, Obama, the Democrats, the Republicans, the ratings agencies, the Banksters, the Fed, the FASB, all the government regulatory agencies, the Trilateral Commission, the Council of Foreign Relations, the G whatever, the UN, and any other bastard or big corporate interest that has a fingerprint on this
2009-02-10 09:25:25
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Treebeard056 Posts: 198 Incept: 2009-01-31
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Karl . . . I am relatively new to the Ticker and thankful that I found your writing and the community . . . I want to throw something out to you as a possibility..... Have you ever considered sending your tickers (in particular todays) to Matt Drudge.... Something tells me he might post them . . . To me that would be the fastest way to get this information out to a fair chunk of our population. Just a thought
2009-02-10 09:28:20
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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There is no clean way to email them to Drudge that I'm aware of. Some things posted there have shown up in the past - I presume he reads the Ticker.... but I don't know. ---------- "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
2009-02-10 09:29:54
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Alsace Posts: 937 Incept: 2008-10-27
Bear says: Come Get Some!
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To me the Stimu-crap bill is not even the biggest issue. Sure, it's a piece of pork laden crap that won't do ****. But it's the other issues Gen brings up that really ****es me off. Geithner, The TALF games, no indictments, etc. etc. In several conversations I had in the last few days it's clear that the only thing people are talking about is the stimulus bill (which is what is getting the airtime on the news). Virtually no J6P knows anything about the TALF or what they're proposing or what it means. ---------- Via ova capitum dura est.
2009-02-10 09:31:01
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Treebeard056 Posts: 198 Incept: 2009-01-31
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Have you tried to contact him directly via phone or otherwise?
2009-02-10 09:31:13
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Tree Matt Drudge is very hard to get ahold of personally; I do not have the secret decoder ring necessary 
---------- "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
2009-02-10 09:33:30
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Moniteyes Posts: 2400 Incept: 2008-11-28 ny
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Dead on. You can tell Pelosi and Reid are pulling the strings - just look at the fact that the Pres used a teleprompter. What's up wit dat! Off teleprompter, he was a string of mumbled and disjointed cliches and lies. ----------
2009-02-10 09:39:15
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Ababeinthewoods Posts: 71 Incept: 2008-12-22
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When the right course of action 'for the majority' is resisted by those who are elected 'by the majority' it is clear that the system has been co-opted. By whom? #1, list all the constituent parts of the financial problem #2, look at the ones NOT being discussed publically (e.g., being hushed up) Karl listed them. #3, who owns #2 (and is trying to revive the value of #2 with these bailouts) Gawd only knows the virulence of the miasma at the center of this money-grab. - The #2 holders like drinking from the Aorta of bailout money and won't stop. Duh! They're paying bonuses with it! We'll eventually learn that the payouts get much more sordid than that!!! - The media will obfuscate in the name of balance reporting. - 'Joe sixpack, the gun-owner' can't be inconvenienced with logic and will not awaken.
2009-02-10 09:43:34
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Beausam Posts: 494 Incept: 2008-12-04 Florida Online
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Found this great list of congress emails here http://www.ourcountrydeservesbetter.com/.... and sent them ALL today's ticker. This way they can't say they havent been warned. ---------- The function of the Government is to separate the peasants from their money by pretending to fail.....Reinhardt
2009-02-10 09:45:11
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Wisc-xc Posts: 4828 Incept: 2007-07-14
outside chicago
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What sickens me most is we have essentially the same cast of characters that got us in to this mess in the first place still largely at the wheel of power. And while average Joe's lose their jobs the "connected", incompetent, financial criminals get front row seats AGAIN to **** us out of our money in ways that twist the concept of fairness as perversely as anything I've witnessed. The President says if we don't enact HIS remedies we burn for sure. Then, in the same breath, he claims that HIS remedies might also not work, but it's the only choice we have, HIS way or the way to ruin. So even if we crash under his plan he will come back and tell us that at least we tried the COURAGEOUS path and lost, which beat doing nothing (conveniently ignoring, of course, that there was a lot more substantive than noting out there as an alternative to HIS one way or the highway nonsense). This country is on the edge of a cliff right now. We're running out of time to get it right. If this plan flies I think we go over the cliff and good. I hope the prescriptions in this Ticker catch the ear of people in high places. If not, God help us all.
2009-02-10 09:52:22
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