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bumper

Obama visits China

lol !!

This was pretty well done. Over the past 15 years Americans have bought lots of stuff from China, such that most things we buy are made there now. Not sustainable and the end game is unknown. Thinking about it makes my head hurt.

Troy says

This was pretty well done. Over the past 15 years Americans have bought lots of stuff from China, such that most things we buy are made there now. Not sustainable and the end game is unknown. Thinking about it makes my head hurt.

have a look at this interview http://video.google.com/videoplay?docid=5064665078176641728#

Bankstere Originale says

Troy says

This was pretty well done. Over the past 15 years Americans have bought lots of stuff from China, such that most things we buy are made there now. Not sustainable and the end game is unknown. Thinking about it makes my head hurt.

have a look at this interview http://video.google.com/videoplay?docid=5064665078176641728#

This was a deep conversation right around the 6:00 minute mark.

Geez....around the 10 minute mark he went on to say that we are destabilizing our society and creating a servant society in which the people serve the industries.

Thanks for sharing, this has been my point on these threads all along.

It is now apparent the Clinton, Bush administrations were jokes....still waiting to see if Obama is going to bring the change he spoke of or if he was only referring to pennies on the dollar.

At the 15:00 minute mark Clintons flunky spoke about the benefits of cheaper products, however, I always say what is the value of cheap products if you dont have a job.

Hee, hee... its funny because its true.

35:00 minute mark he discusses our excessive desires to reduce costs will create 2 billion refugees in developed countries.

This from a guy worth 5 billion dollars...it was not in his best interest to speak against WTO/GATT/NAFTA because he openly admitted this benefitted the rich.

"The poor people in rich countries willl finance the rich people in poor countries."

4X says

35:00 minute mark he discusses our excessive desires to reduce costs will create 2 billion refugees in developed countries.
This from a guy worth 5 billion dollars…it was not in his best interest to speak against WTO/GATT/NAFTA because he openly admitted this benefitted the rich.
“The poor people in rich countries willl finance the rich people in poor countries.”

I think hes acting out of a complex family situation. Note that he is half French half British. GATT et al. affected France and UK in very different ways. But yes, the interview is great.

It's astounding how many times I hear:

NOBODY could have seen this coming.

Well, some actually DID see it coming, and DID try to tell you.

The knobs responsible for this mess just didn't want to listen to
what they labelled doomsayers and crackpots.

I think Sir James Goldsmith is speaking from PRINCIPLE not
pure self-interest. It may be rare these days, but....

Sir James specifies his reasoning:
I am ENTIRELY for free enterprise, and free markets.
I'm not for the destruction of one's society.

Personally I don't want to live in a 3rd-world hellhole and be
the richest pig with a pampered life. I feel sometimes I am in
the minority in this, in wanting to see everyone's lives elevated, not
just MINE at the expense of everyone else. I believe the majority
of the oligarchy whether it is consciously or not, want precisely to
be the "most equal" of all pigs and to hell with everyone else.
Their decision-making definitely reflects it. This quarters
profits & dividends rule and to hell with the long-term.

Vicente says

It’s astounding how many times I hear:
NOBODY could have seen this coming.
Well, some actually DID see it coming, and DID try to tell you.
The knobs responsible for this mess just didn’t want to listen to

what they labelled doomsayers and crackpots.

Those same people thinks "The Recession" is over. Those same people whisper "Double dip" every time Dow goes 40 points south. Oblivious that the economy has been flat lined for two years. Any action in the Market coincides with the Dollars dip and rise.
... Simple print more dollars to shore up a floundering market, dollar becomes toast.
Remove those dollars from the market, the dollar gets strong and market jolts violently.

I've never felt smarter for just saving. There is going to be some old fasioned "Goat and a Chicken" rags to riches stories. For those that are just keeping it liquid.

And I tell ya another thing, for all of those would be retirees and 401K dead end job working stiffs, that took it on Chin in 07, if they don't pull their money out of the market on or before the market hits 12000. I don't want to hear their sob stories, when it tanks back down to 6000 to 7000 again. We have not had two years of growth, we've had two years of padding the numbers. Take it while you can you lucky bastards, I'm not going to sit and listen to sob stories, when that day comes.

Well said fellas.

Trout - you think the time is now to pull out from 401K stock investments and move to cash reserves?

Bankstere Originale says

4X says

35:00 minute mark he discusses our excessive desires to reduce costs will create 2 billion refugees in developed countries.
This from a guy worth 5 billion dollars…it was not in his best interest to speak against WTO/GATT/NAFTA because he openly admitted this benefitted the rich.
“The poor people in rich countries willl finance the rich people in poor countries.”

I think hes acting out of a complex family situation. Note that he is half French half British. GATT et al. affected France and UK in very different ways. But yes, the interview is great.

I found it quite odd that Clintons flunky was claiming that countries with high tariffs were preventing us from shipping products from US to those foreign markets....then she turned around and stated that offshoring was not a cost savings move. If that was the case, those companies could have retained their workforce and setup production in foreign companies to satisfy those markets as James Goldsmith stated. It was very iritating to watch her defend NAFTA, GATT, WTO policies that only serve the richest of companies.

Do you know if there was any follow up to his reccomendations? Isthere any new legislation being proposed to raise tarriffs on imports to keep jobs local or is Obamas HOPE, CHANGE and PROGRESS still up in the air for now?

...I really thought this guy was going to come in and make a difference. So far I feel let down and as if we are focusing on the wrong things (Healthcare, Tax Credits, etc.) until he gets a action plan together.

I think that the market is being padded to recreate lost wealth. I think 12K is the objective, by then if the markets can't stand on their own. I suspect the plug will be pulled.
I think golds tipping point will be 1500.

The money in the market actually belongs to somebody, and I can't for the life of me imagine that the volume is recouping from 07 levels, is 401K money being pumped into the market.

Has anyone seen the YOY earnings for most banks we were all but written off last year?
It's like 4 lows and 74 highs. This kind of crap works on the Hang Seng, but not for the Dow.

We don't actually turn screws remember?

Odly enough in '99 when everyone I knew was doing some type of day trading, the market never fluctuated like it has the last two years. HOw can the market gain almost 5K since March, with far less day traders, and the 401K pool has defiantly dwindled this year, besides the low employment numbers, many companies have suspended company match contributions, and with pay cuts across the board this year, I doubt would be 401 contributors upped their contributions. Especially with the recent track record.

It's funny I had seen parts of this video with Goldsmith earlier, but never watched the whole thing. I just did so.

It's STARTLING to me that at about 50 minutes he talks about derivative securities and the instability of the financial system. I believe this is the earliest I've seen anyone make reference to that particular market as a source of very real danger.

Goldsmith: I think that there's an INCREDIBLE amount of danger in things like the derivatives. I think that we are moving towards the outer limits of acceptable risk-taking. The figures that I've seen, I think the world GNP is in the range of 30 trillion, and I believe the figures I've seen are the derivates outstanding every night, which are very speculative from banking and financial institutions, is about equal. EVERY night, about equal to the annual turnover of the world. So we've gone very far...... I think our financial system is DANGEROUS and COULD create problems for the real economy.

4X says

…I really thought this guy was going to come in and make a difference. So far I feel let down and as if we are focusing on the wrong things (Healthcare, Tax Credits, etc.) until he gets a action plan together.

Surprise! Bush and Cheney are writing his teleprompter text. You do know that Obama and Cheney are cousins right?

Bankstere Originale says

4X says

…I really thought this guy was going to come in and make a difference. So far I feel let down and as if we are focusing on the wrong things (Healthcare, Tax Credits, etc.) until he gets a action plan together.

Surprise! Bush and Cheney are writing his teleprompter text. You do know that Obama and Cheney are cousins right?

yes, this site has helped me to realize that their is not true difference between Democrats and Republicans....which is why I want to bring back the principles of the bull-moose party.

Check out the following address to Senate from James Goldsmith:

http://www.youtube.com/watch?v=maouTP8vTO0

Dejavu!

Obama's campaign promise was explicit: "NAFTA's shortcomings were evident when signed and we must now amend the agreement to fix them." The president-elect called for enforceable labor and environmental standards in the text, an end to the ability of corporations to sue governments, and emphasizing the needs of "Main Street" over "Wall Street."

But now some Obama-watchers claim he's waffling on his trade commitments.

Even as the Bush administration frantically - and incredibly - insisted that free trade isn't the problem but the solution, most other countries are taking a second look at the model. As the crisis sets in, Europe wants more regulation and developing countries want more policy space. And Americans want more protection from the disaster that's currently befalling them.

DEY TUK OUR JERBS!!!!!!!

http://www.youtube.com/watch?v=brj2UkUPjCI

4X says

Even as the Bush administration frantically - and incredibly - insisted that free trade isn’t the problem but the solution, most other countries are taking a second look at the model. As the crisis sets in, Europe wants more regulation and developing countries want more policy space. And Americans want more protection from the disaster that’s currently befalling them.

get out of your liberal programming. break it! smash it to pieces! you were lied to in college! they taught you DEATH. Obama is just as bad, maybe worse than Bush. There's nothing wrong with demanding a job and a role in your own nation! They want to divest you of all political power.

Bankstere Originale says

4X says

Even as the Bush administration frantically - and incredibly - insisted that free trade isn’t the problem but the solution, most other countries are taking a second look at the model. As the crisis sets in, Europe wants more regulation and developing countries want more policy space. And Americans want more protection from the disaster that’s currently befalling them.

get out of your liberal programming. break it! smash it to pieces! you were lied to in college! they taught you DEATH. Obama is just as bad, maybe worse than Bush. There’s nothing wrong with demanding a job and a role in your own nation! They want to divest you of all political power.

This has nothing to do with liberal programming, I am stating the facts about what got us to this point. Clinton kicked it off in 1994, Bush continued the stupidity and now Obama is still deciding.

During the Democratic primaries and caucuses, when Obama and Hillary Clinton were competing in the Rust Belt states, Obama began attacking NAFTA. He stated that he would re-negotiate the treaty and even abrogate it if his demands were not met. He declared in Cleveland: "I think we should use the hammer of a potential opt-out as leverage to ensure that we actually get labor and environmental standards that are enforced." Mr. Obama's statements were well-received in the Midwest where many workers blame NAFTA for the loss of jobs in the auto, manufacturing and textile industries. I plan to wait and see what legislation and policies he will support before downtalking his strategy to thwart job losses. Up to this point, we have not seen much effort placed into NAFTA, WTO, etc.

Remember, it was Clintons flunky who was defending free trade even when sir James Goldsmith explained that free trade agreements need to be setup with like economies where payscales are similar.