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Politics : Welcome to Slider's Dugout

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From: RonMerks	12/10/2007 1:59:52 PM
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UBS was the latest to reveal large writedowns. The Swiss bank said it will write down some $10 billion of subprime mortgage holdings, which could lead to full-year losses. However, its U.S. shares rose 92 cents, or 1.8 percent, to $51.40 as the bank unveiled plans for an $11.5 billion cash infusion from the government of Singapore and an unidentified Middle Eastern investor. biz.yahoo.com $11 Billion CASH INFUSION! When someone has to get a blood infusion- it means they are in pretty damn bad shape. Banks no different. The patient is in critical condition- but, the stock rallies? And the broad stock market partys on like it's 1999. There is something wrong, very wrong with all of this. While the consumer seems healthy in my community, I admit, with a negative savings rate and rampant inflation- it may just be the final death throes of a lifestyle fueled on home equity extraction and credit cards. Slider- that video is great.Quite the history lesson. Ron Paul is our modern day Andrew Jackson! Jackson when asked what accomplishment he was most proud of said- 'I KILLED THE BANK' Jackson by the way was given no possible chance to win the Presidency. His opponent was heavily financed by the bankers. Another parallel to Ron Paul today. If some 'billionaire' out there would take this video and buy airtime and broadcast it 2-3 times, supported by full page ads in USA Today and local papers- we could change America. This video should be required viewing for every high school student in America and every immigrant applying for citizenship. WATCH IT! video.google.com Go to the 1 hour and 10 minute mark and review the quote from Nicholas Biddle where he threatens Jackson by promosing to create a depression. When are we going to wake the F' up to what's going on in America? These boom and busts are by design. They transfer wealth and entrench political power. Republican, or Democrat doesn't matter- they own them both and because MONEY and MEDIA determine election outcomes- they own the politicans. This is an incredible documentary! Please- and I mean PLEASE- for your own good, watch this incredible lesson about Americas history. There are scores of fascinating things that I never learned in school. No one can watch this video and walk away with the same view of what we are seeing in the stock market,and with the Fed. Ron

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