Saturday, January 12, 2013

9-9-9 and other scams

Initial unemployment claims are up by 4000 for last week, but down a 100,000 from this week last year. You remember this time last year, when the 'collapsing' economy made the Republicans certain that Obama would be a one term President, and Herman Cain would save us all with the 9-9-9 plan.

Jack Lew will be the next Sec of the Treasury. On Capitol Hill he's know as the 'negotiator from Hell' from his years in the Clinton Administration budget negotiations with Congress. Newt said that the economy would collapse as a result of the deal Lew got, it boomed instead. On Wall Street he's strikes the sort of fear that an Archangel does among the wicked.

Speaking of the Wicked on Wall Street, it seems the Red Chinese have been running a Ponzi scheme  in the hundreds of billions, many hundreds of billions. Forty or more China based companies listed on the several New York stock exchanges have been simply stealing investor money, mostly from pension funds and small investors.

How do you get a company that has no assets and does no business to have their stock listed on the Dow and Nasdaq exchanges? It appears that lavish bribes will do the trick. All of the major US auditing companies that have branches in China appear to be implicated, as well as all the other so-called 'gate keepers' that are supposed to keep the barbarians on the other side of the wall. Even officials of the exchanges themselves are likely in on it, or are just incredibly stupid.

So far this doesn't seem to be having any effect on the markets, but at some point pension funds will need to raise cash, and the losses they took accounted for. I noticed today that the price of canned goods is up, just say'n.... www.prairie2.com

6 comments:

Anonymous said...

You are nuts if you think the economy "boomed"!!!!!!

This are better than repug say, at least in the rest of America. It is as bad or worse in WI.

How can you think it is accurate or even helpful to say that the economy is booming.

prairie2 said...

Okay, when was Newt Speaker? You should probably read my article more than once before you become incensed about what I have said. I write about history as well as the current doldrums.

Dave said...

Now don't forget! Keep a few can-openers around too in case one breaks or you have to pay one as tribute to a war-lord along with some of your canned-goods.

I know some big-time gun-owners will think they can fight off anyone who comes along. But what about the gangs? All of whom will have guns too.

Yes what I'm describing would suck greatly! Do you want it to happen? Just keep doing what we've been doing.

Anonymous said...

Do you think that will be enough
to get the DOJ off its ASS! I mean, what's it going to take?

Fake_William_Shatner said...

"So far this doesn't seem to be having any effect on the markets,"

yes well, SOP and all that -- why would the markets be affected? The difference between the Chinese and the US "hot air" investments is that we learned that the Chinese one's are bogus.

As long as the Chinese just raid pension funds and working class people -- this will probably be ignored and allowed. It's like competing Evangelical Preachers and the 700 Club never point out that God can't be talking to all of them because they've got different prophesies and clubs.

Naked Emperors are all prancing around admiring each other's robes of spun gold.

Fake_William_Shatner said...

"So far this doesn't seem to be having any effect on the markets,"

yes well, SOP and all that -- why would the markets be affected? The difference between the Chinese and the US "hot air" investments is that we learned that the Chinese one's are bogus.

As long as the Chinese just raid pension funds and working class people -- this will probably be ignored and allowed. It's like competing Evangelical Preachers and the 700 Club never point out that God can't be talking to all of them because they've got different prophesies and clubs.

Naked Emperors are all prancing around admiring each other's robes of spun gold.