Maybe you should kill yourself.

That’s a really ugly house. I hope they designed the inside better than the outside.

http://www.fnams.com/PropSearch/Details.aspx?Id=121163

did you mean this ?
http://tinyurl.com/694s9u

I don’t think it’s xenophobia when it comes to A&B. Budweiser is an American institution and that’s the way they marketed it for a long time.

http://www.youtube.com/watch?v=8WLhfnHhAT8

#238 kettle1

whats wrong with crystal balls? Mine works very well thank you. it tells me i will be going on a date with Heidi Montag tomorrow night!

#229 Clotpoll Says:
August 18th, 2008 at 10:21 pm

has certain slants evaluate with your own perspective….

“To give you a hint of what I think the combined markets are now telling us — I believe we are on the eve of world deflation. I pulled out a headline from the August 5 Wall Street Journal headline — “INFLATION PACE IS FASTEST IN 17 YEARS.”

Forget it, this is history — this is not what’s happening in the market. From what I see, the markets are telling us to prepare for hard times, and a global spate of the worst deflation to be seen in generations. This is why gold has been sinking, this is why stocks have been falling — big money, sophisticated money, is cashing out, raising cash, preparing for world deflation.”

That’s kind of what I was getting at with my earlier post about the large spread between mortgage rates and the discount rate.

They’re trying to pump money into the banks and hope that people think that the doomsday predictions were false because the banks stopped failing for a time. But the reality is they are being kept afloat by the fed.

This is the thing Bernake needed to do that Cramer was spitting about when he lost it on the air.

The problem is, banks are going to need to go back to regular lending practices soon, the fed can’t keep feeding them easy money like they are now. House prices are going to need to fall down to reasonable levels in accord with incomes and it’s just going to be worse because of the higher cost of goods and services and rising unemployment.

I’m telling you. I think these people thought the rapture was coming and they tried to fleece the economy so they can live large before it came time to go up to heaven and now don’t know what to do.

#232 kettel1

How The Fed Works:
Richard Russell

If the American people ever realized or understood how the Fed operates and how money is created in the US, there would probably be a ten million man and woman march on Washington and more specifically a march on the Federal Reserve Building. The Fed is a private banking monopoly that has “grabbed hold” of the money-creation of the United States. Who controls a nation’s money, controls that nation.

The US needs money to pay for building roads, for buying war planes, for fighting wars, for paying Congressmen, for paying IRS and Post Office employees, for a thousand different items. For this the government turns to the tax payers or it turns to the Federal Reserve. The Fed is nothing more than a group of private banks that charge interest on money that never existed before.

How does the system of money creation work? A simplified but true explanation. The government needs ten billion dollars (aside from what it takes in income taxes or from what it borrows). So the government then prints ten billion dollars worth of interest-bearing US government bonds. Next, it takes the bonds to the Fed. The Fed accepts the bonds, and then places ten billion dollars in a checking account. The US government then writes checks to the tune of ten billion dollars against their checking account. But where was that ten billion dollars before the Fed issued the money? The money didn’t exist. Can you believe it, the money was created by the Fed “out of thin air.”

In other words, the Fed lends the US government the money — and the crowning irony is that the Fed then charges the government interest forever on the bonds that the US government sold to the Fed in the first place. And the debts build and build and the national debt grows ever- larger.

How about the interest that is owed on the national debt, which has now grown to a choking $500 billion a year? That’s part of where our income taxes go. The government taxes our sorry asses partly to pay for expenses incurred by our very own government. And a further crowning irony — the government taxes us to pay for the interest on the ever-expanding national debt.

“These are the dog days of summer, the height of our national vacation season. But instead of hitting the beach, people in Washington and on Wall Street are spending their days all atwitter with ideas of what new regulations and rules and controls we need to deal with our financial market meltdowns, the worst since the Great Depression almost 80 years ago.

But let me tell you a little secret, folks. Even though they’re scurrying around like everyone else in this game, I think the crisis managers at the Federal Reserve Board and the Treasury have quietly adopted a technique that has helped us deal with previous financial crises – what I call the “play and pray” approach.

They don’t teach it in Economics 101, and none of the players dealing with the current meltdown will talk about it on the record. But it’s a time-tested strategy – think of the mortgage crisis of the late 1970s and early 1980s, the bank problems in the early 1990s, and the Asian contagion of the late 1990s. The idea: You play for time by keeping things afloat long enough for your prayers to be answered by the markets’ turning in the right direction.”