Here at Bubble Thoughts we like it when other people get a chance to say what they really think and this piece of video from Jack Cafferty is a good example. Right or wrong, agree or disagree, here is an open expression of opinion without the political correctness that neuters conversations.
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Walk Like A Duck Talk Like A Duck
Bubble Thoughts
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What Caused The Wall Street Bailout?
Bubble Thoughts
There’s been a lot of talk this week about the proposed Wall Street bailout by the US government, but what’s not discussed with any depth is how these conditions came about.
What factors contributed to the collapse and how was it allowed to happen in the first place?
To answer these questions we have to understand how money really works and how it is created. There is a lot more going on in the world banking system than just a few greedy fat cats on Wall Street.
This video explains in easy terms what is going on and how it will probably happen again. You will be amazed by what you are about to learn.
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It's Hard To Sell Air Conditioners To Eskimos
Bubble Thoughts
Ron Paul is one of those fellas that you might overlook at a party, but he is probably the best conversationalist in the room. While I was looking for George Bush’s bailout address to the American public I came across this straight talk about the issue. Apparently he was talking about this a year ago.
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DAVe
Too bad the people who care aren’t in power.
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Does Twitter Validate Your Existence?
Bubble Thoughts
Art has historically served as an outlet for self expression and as a tool for societal reflection. In a lot of ways technology has taken on that same role and with the explosion of creative tools and platforms to distribute, the lines between art and technology are becoming blurred.
To prove the point, here is an awesome song that captures how social media is shaping our online experience. This video was likely to be shot on a digital video camera, edited by software, posted on YouTube and now shared with you from BubbleThoughts, so hows that for art and technology coming together. Enjoy.
Dave 1:36 am on September 28, 2008 Permalink
This bailout plan isn’t really about mortgages though. It’s about the availability of overnight, unsecured debt to keep the machinery running.
Whether investors revalue the asset properties, or the Feds revalue the properties, the values must fall. As an investor, that is the cost of doing business, we’ll take credits on our taxes for years to come for these loses. As a Taxpayer though, I’m offended at the notion that I am the unwilling holder of these assets at the end of the day.
Even the insurance program proposed promises to shift the burden to the government, which ultimately are us.
The recent move to support FANN / FRED / AIG is a sufficient burden to place upon the taxpayer with long term effects. To increase that burden further would be an insult, and a resignation of the trust we place in our representatives.
There are systems in place that will resolve this in time. Do not jeopardize our future by rushing to support assets of little worth.
On Monday morning, like the balance of last week, banks and money market account managers will be less likely to lend overnight nearly as much of the billions and billions of dollars they normally lend because some will be needed at the home office for normal business reserves.
The fact that in the previous several years they borrowed and re tendered the money daily to squeeze out a couple fractions of a percent before moving it on to the next guy ultimately had them moving 20-30 times more debt than they really had deposits to cover. Shame on them; and this is the overvalued system my reps are rushing to use my future to shore up.
As a taxpayer, I have no intention to own anymore of this, or insure it’s presumed value for that matter.
Either way, my dollars are going to be worth less by the end of next week. Whether the shops on Wall street have to write down their assets, or whether my trusted representatives borrow me into oblivion from China, or our rich oil producing friends to perpetuate this mess.