SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : DON'T START THE WAR -- Ignore unavailable to you. Want to Upgrade?


To: Bilow who wrote (369)1/8/2003 7:04:03 AM
From: Baldur Fjvlnisson  Read Replies (2) | Respond to of 25898
 
I can only advise you to load up on bankrupt junk. By all

means don't let me stop you. The problem with this latest bear bounce in the incredibly overpriced stock market is that not enough capital has been trapped. Volume has been dead for a month now. Of course the war scams of the lunatics in charge of Washington don't help sentiment.

For two years now the Fed and other Washington ding dongs have been on their knees begging Americans to spend and dig themselves deeper into debt AND NOT TO SAVE. The results are here for all to see. It'll only get worse. Their relentless anti-recession campaigns have ensured that the debt liquidation cycle will go on for years.

Bush has increased the public debt by 800 billion dollars in two two years. Heaven knows how much more off balance sheet debt he has added too. This is only a fact. Now on top of this here comes $670 billion. Let's see how much the taxpayer has to come up with when Fannie Mae goes belly up.

As you may know; the GAO hasn't been able to certify Uncle Sam's accounts for years because of shoddy and fraudulent accounting. The junk Uncle Sam siccs on its citizens, like the SEC and IRS, doesn't even appear to keep conventional financial books. Of course this administration is crawling with Enron trained junk which I'm sure doesn't make the situation any better.