Wednesday, February 4, 2009

Lets talk about Mr Ponzi

Ive posted briefly on this subject before but let me elaborate.

We are all getting down on Mr Madoff for his apparent fraud of 50 billion. But as I said before our entire economy is based on Mr Ponzis system whether we like it or not.

Lets take stocks. Last ones in got burned. they do every time. Real estate. Same thing.

How bout government. Lets take social security, the biggest ponzi scheme ever devised on the face of the earth.

So before we get all upset with Mr Madoff lets look real close at the whole picture and understand that really everything financially connected that someone is to profit from is really a ponzi scheme and we are seeing a lot of the pain of this these days. But the legal ones are called unwinding or de leveraging. But really it means the last ones in loose everything just like a ponzi scheme.

Tuesday, September 30, 2008

Ok I cant say anything

Just watch the markets, listen to the junk coming out of Washington. Whats your gut feeling? Let me know.

Wednesday, September 17, 2008

End Times?

I must admit to anyone reading this I am far from a dooms day type person. But there have been some things happen over the last year or so that really make the hair stand up on the back of my neck sometimes.

I have been expounding on the economic front for six months now and things seem to be getting worse every couple of weeks with a rest in between.

The most striking thing that I see going on is the hopelessness and flat out throwing of money at problems from out of nowhere that the men in power seem to be behind. This coupled with the global magnitude of these problems that seems to be lurking overhead at any moment make some biblical prophesies much easier to believe than I ever thought could happen in my lifetime.

In Revelation it talks about someone coming into power that will apparently be able to solve these problems in a miraculous form or fashion. Taking power of the entire earth
and the people are glad to have him if for no other reason than peace.

Granted if true, it might not happen tomorrow or in my lifetime. But one thing the past year has taught me is that it can happen and we are much closer to that time than just a year ago.

And just who is this Barak Obama?

Holy Toledo Batman it just got worse!

We, yes we , now own AIG... Oh my goodness we need help. The underpinnings of our capitalistic society are coming unglued. I started blogging about these issues just a few short months ago. I could never had believed that things were this bad.
The unfortunate thing is we really still don"t know how bad it is.

Monday, September 15, 2008

Monday, September 8, 2008

Ok Bailout

Your hearing the government has bailed freddie and fannie out. The government may pay as much as 200 bil dollars over the next 5 years. The government will run it for a period of time. Well think again. Its the government trying to cover up its own and stupid peoples mistakes at the harm of our children and grandchildren.
So markets will ride high for a while until the bill has to be paid. And it will not be paid by the government, but by the people. A real low point here in our history matter what the government says.