The case against Dr. Paul

[dudalb]

Actually LaRouche strikes me as the kind of guy that dash would support.

 

[joobie]

for all i know, the guy actually is larouche.

 

[dash]

It's good that so many people have a sense of humor!

It'll come in handy while waiting in the bread lines.

Say, here's an interesting article:

http://www.bloomberg.com/apps/news?pid=20601109&sid=a8EGjsM4moS8&refer=home

April 8 (Bloomberg) -- Bank holding companies including Citigroup Inc., Bank of America Corp. and Wells Fargo & Co. have the thinnest safety cushion against losses in seven years.

The margin may erode further in coming weeks. Credit ratings on $704 billion of bonds have been cut this year following the collapse of the U.S. housing market. Sheila Bair, chairman of the Federal Deposit Insurance Corp., said last week that downgrades may compromise bank capital ratios enough that some of the largest institutions will no longer be considered well capitalized.

Falling below a regulatory benchmark that is intended to maintain a minimum level of capital to protect depositors against losses would subject banks to more scrutiny from regulators than they have ever experienced.

``This is a nightmare for the country,'' said William Isaac, who was chairman of the FDIC from 1981 to 1985. Banks will ``raise what capital they can, then they'll slow down their growth and stop lending, and what should be a mild recession becomes a much more serious one.''

-Dave

 

[dash]

Here's another interesting article:

http://www.marketoracle.co.uk/Article4270.html

Whoever believes that the most recent Fed/JP Morgan heist to acquire Bear Stearns, along with other simultaneous and preceding Fed actions, were ”successful” had better check again.

The current crisis is so severe, and it has already forced the Fed to reach into its own balance sheet grab-bag so deeply, that a very legitimate question arises, and the question is this: when the Fed ploughs all the way through its own balance sheet and gets to the bottom of the barrel, who will bail it out?

Before boring you to tears with the gory details, I can give you the answer right now:

You will.

And so will I, and every other American. Isn't that nice of us?

and further on...

And, oh yeah, lest I forget: Hyperinflation isn't just "on its way" anymore. It is here. The floodgates have already been open for a while, now. When Congress approves this insanity (probably sooner rather than later), it will blow not just the gates, but the entire dam that has kept the fiat-flood at bay so far, sky-high.

Financially speaking, this will wash the United States economy off the world map. Russia and China will take up the slack, both economically and militarily. Russia will take defenseless Europe, and China will take the rest of Asia and America. They already own us, anyway – because we owe them, just like the Federal Reserve Bankers own you and me. Congress owes the Fed, so the Fed owns Congress.

Nothing new. It will only get worse.

Even owning gold will not protect you from this.

Good thing I own silver.

This guy's predictions are even more dire than my own.

-Dave

 

[joobie]

It'll come in handy while waiting in the bread lines.

hallelujah I'm a bum
hallelujah I'm a bum
hallelujah give us a handout
to revive us again

i like my boss
he's a good friend of mine
that's why he's here with me
out in the bread line

hallelujah I'm a bum
hallelujah I'm a bum
hallelujah give us a handout
to revive us again

(that's joe hill)

 

[KoihimeNakamura]

the end of the world is nigh!!!

(I'm in paranoiud mode..)

 

[TriskettheKid]

Let me get this straight:

Just when is this total collapse going to happen? I've got to save up now so I can pick up loads of stocks at dirt-cheap prices, making me uber-rich in the eventual upturn.

 

[dudalb]

Has dash every thought that if we have a total economic collpase it might not be the Libertarians who come out on top,but the militant leftists?

Financially speaking, this will wash the United States economy off the world map. Russia and China will take up the slack, both economically and militarily. Russia will take defenseless Europe, and China will take the rest of Asia and America. They already own us, anyway – because we owe them, just like the Federal Reserve Bankers own you and me. Congress owes the Fed, so the Fed owns Congress.

If China takes over South America, then dash's idea of slashing military spending to the bone does not make much sense, does it?
What gets to me is that dash..who claims to be such a lover of individual liberty, has orgasms at the thought of two authoritarian dictatorships (Althought they have rigged "elections", I think we can safely call Russia a dictatorship) taking over most of the world. Nice.

 

[dudalb]

Let me get this straight:

Just when is this total collapse going to happen? I've got to save up now so I can pick up loads of stocks at dirt-cheap prices, making me uber-rich in the eventual upturn.

Hey, forget stocks. If that collapse is as total as dash makes out, you are better off investing in freeze dried foods and guns and ammo.

 

[dash]

Let me get this straight:

Just when is this total collapse going to happen? I've got to save up now so I can pick up loads of stocks at dirt-cheap prices, making me uber-rich in the eventual upturn.

The collapse is ongoing, as I keep saying. The Titanic is in the process of sinking.

Easiest thing you can do is buy as much real, physical silver as you can. Just buy it and keep it. You'll know when to sell.

-Dave

 

[dudalb]

Let me get this straight:

Just when is this total collapse going to happen? I've got to save up now so I can pick up loads of stocks at dirt-cheap prices, making me uber-rich in the eventual upturn.

Hey, forget stocks. If that collapse is as total as dash makes out, you are better off investing in freeze dried foods and guns and ammo.

Notice that dash never quotes a source that is not a crackpot source. He can't find any non crackpots that agree with his ideas.

 

[dash]

Has dash every thought that if we have a total economic collpase it might not be the Libertarians who come out on top,but the militant leftists?

I'd prefer them to the neocons, I guess.

-Dave

 

[dudalb]

So much for being a champion of individual liberty.
You just hate the "establishment", and it was probably a flip of the coin that caused you to go the extreme right rather then the extreme left..

 

[dash]

So much for being a champion of individual liberty.
You just hate the "establishment", and it was probably a flip of the coin that caused you to go the extreme right rather then the extreme left..

I'm not sure I'm following your reasoning. I think I'd prefer militant leftists to neocons. Aren't the neocons the exteme right?

I'd just as soon the US Federal Government completely evaporated, actually. Like the former USSR.

-Dave

 

[TriskettheKid]

The collapse is ongoing, as I keep saying. The Titanic is in the process of sinking.

Except that it was obviously sinking. It could be proven it was sinking. AND they were told WHEN it was going to sink.

So how about giving us a timeline? Is this collapse going to take 5 years? 20? 4 months? A week?

Easiest thing you can do is buy as much real, physical silver as you can. Just buy it and keep it. You'll know when to sell.

-Dave

Are you nuts?

You want me to sink all of my savings into ONE good? Are you INSANE?!?

 

[dash]

So how about giving us a timeline? Is this collapse going to take 5 years? 20? 4 months? A week?


You want me to sink all of my savings into ONE good? Are you INSANE?!?

For the forseeable future the dollar is on a downward trend. When a currency is collapsing, it's a good idea to hold precious metals (such as silver and gold). When will it bottom out? It all depends on what the government does and what the Fed does.

You said you wanted to earn extra and invest it in something. Ok, so I say invest in silver. It's up to you to decide how you want to diversify. As far as I'm concerned, silver is the best investment I'm aware of. But I'm not 100% invested in silver.

If you want other tips, go to http://www.europac.net and call up a broker there, and ask for his advice. Read Peter Schiff's book, "Crash Proof: How to Profit during the Coming Economic Collapse". Peter jokes that the title should say "Ongoing" instead of "Coming".

-Dave

 

[dudalb]

I'm not sure I'm following your reasoning. I think I'd prefer militant leftists to neocons. Aren't the neocons the exteme right?

I'd just as soon the US Federal Government completely evaporated, actually. Like the former USSR.

-Dave

So you want the United States to dissolve into 50 different, bickering countries?
Or are you really an anarchist in thin diguise?

 

[Chaos]

Let me get this straight:

Just when is this total collapse going to happen? I've got to save up now so I can pick up loads of stocks at dirt-cheap prices, making me uber-rich in the eventual upturn.

Dash is not going to answer this question. The thing is "ongoing" which means that his prediction is never going to come to pass, and that whatever happens, no matter how many years or decades go by without his prediction coming to pass, dash is never going to admit he was wrong.

 

[dash]

Dash is not going to answer this question. The thing is "ongoing" which means that his prediction is never going to come to pass, and that whatever happens, no matter how many years or decades go by without his prediction coming to pass, dash is never going to admit he was wrong.

Chaos,

I've stated the period several times. More than months, less than a decade. Personally I think if things haven't really started to fall apart by the 2008 elections, and no policy changes have occured, we'll see some major economic implosions just in time for the new president to deal with.

It's not something that can be predicted exactly. It's like trying to predict the weather two months from now.

It all depends on what the Fed + the government do. If they stay the course, things will get really bad, really fast. Will they keep doing the same dumb things? I don't know. If enough people like me point out how dumb they're acting, they'll change their policies.

This will possibly avert a total economic collapse, worse than The Great Depression. It'll be bad, but bearable. Then you will come back and say, "See! There was no collapse!"

We're racing along headed for a cliff. It's not too late to slow down or turn away.

I recommend reading Peter Schiff's most recent essay, here:

http://www.europac.net/newspop.asp?id=12497&from=home

Rather than acting as safety nets, the programs now being devised by government will act more like snares, further impeding market forces from righting the ship. But for those who insist that a new “New Deal” is needed, it is important to retain a sense of scale. Prior to the massive expansion of Federal programs in 1933, the government was very small relative to the economy of that time. Though I believe that many of the economic policies of the New Deal were unwise and simply prolonged the Depression, at least back then we could afford them. Today of course, the Federal Government is already enormous, and any increase in spending will either have to be financed by further borrowing from abroad or though additional money printing by the Fed.

-Dave

 

[Elizabeth I]

Hey, forget stocks. If that collapse is as total as dash makes out, you are better off investing in freeze dried foods and guns and ammo.

And string. Don't forget plenty of string.