Chile Forum

eeuunikkeiexpat wrote:. . . .

An IndyMac depositor according to a Reuters article wrote:"I have $360,000 in this bank, and I was misled by this bank," said Robert Clark, a Glendale resident who was waiting on line. "I gave the names of my mother, my sister and my brother on the account so I thought I would be insured. I don't know what to do. I really don't know what to do." . . . .

What depresses me is that someone so uncomprehending -- for every chartered bank posts the clear, simple regulations regarding federal insurance of deposits -- could come up with so much money.

Life is unfair, some might say.

Recognizing that attempted humor oft fails to be perceived as such when printed, not spoken, I'll clarify that I aimed at that in my last sentence above. A bit sardonically, perhaps, but humor nonetheless.

What actually gets me the most is that I could have done some damn cool things with that sum in Chile. Instead it goes to the mythical financial incinerator as it was just a number in some database.

I could have done much with that money anywhere. Ah, well, back to packing.

We are so f*****ed now, really....it will cost too much to even blow up the life rafts.


p out

Here is a link to an interesting analogy between the U.S. and the Roman Empire:

http://www.doomers.us/forum2/index.php/ ... 030.0.html

"I once posted that the US "stimulus" package was a really bad sign, analogous to the Romans throwing bread to appease its citizens in the Colosseum, and that people should use that stimulus to buy food - in retrospect very prescient. I now liken this bailout of Freddie and Fannie to the sacking of Rome by the barbarians, except that Washington isn't being pillaged by barbarians with axes, but by carpet baggers with computers."

Prediction: Dec. 31st 2008, Gold $1,250 USD per oz. or above. Silver $23.00 USD or above. I got a 5k CLP note on it. Any takers

Not I! I don't bet -- except with Mr. Market, and then only if I can't avoid it.

Were I to bet though, I might think that closing prices might be a little lower: say, US1,200 and $22.50.

whuuoosh...whuoosh....whusosh....phhhhhhht<<<the sound of puelche pumping up his hole filled life raft...


Obama is going to win because he is portraying the kennedy image and by the time he is done he will be fdr...like fdr...he will become pres after a market fall and general collapse of the country....its will be after a few years of conservative government and there will be no jobs...he will institute programs like in the ilk of the WPA...I'll bet there will even be acronyms for it as well...the government prints more money so everythone has a little jingle in their pocket...jobless hordes will be given something to do...the problem is that we are coming out of a war but then seeing a condition in a part of the world that is pushing along to be worse...not just one hitler but several...will we go isolationist? gold and silver in private hands becomes an issue....the only problem and have not seen which way it will go is that we have already given all the jobs away to other countries...how much power can we have against that?...we have become what we used to make of other country...a colony, they take our raw material (jobs and job know how) and they sell it back to us...over and over...they harvest products that they have already sold us for the copper and other precious metals...or raw steel from an old Toyota and they sell it back to us, again and again....the crush becomes un-alterable and we can't get out...the outsiders invade and send the money out one money gram at a time...they will even pervert the leadership at the highest levels...and only based on products that return the $$ to international monied types...doesn't it sound familiar...fruit in central america, rubber in asia...oil in the middle east...Haaaa, we are being fed the medicine we have served to everyone else...buts its a bigger spooon and it has a pointy end to it.

Gentlemen, the USA is third world because we are a colony. Obama will make it complete.


p out.

More banks bite the dust:
http://online.wsj.com/article/SB1217039 ... lenews_wsj
It is the 20's /30's all over again.

1.Banks are allowed to get in to the stock market game again in the 90's. You know the law that was passed because of the depression.

2. Banks pump junk stocks backed by questionable assets.

3. Bank dumps junk stocks. Junk stocks collapse.

What I love about these bank seizures is how fast they are flipping them to other banks, with almost no discussion of why such and such bank gets to buy out another one overnight for next to nothing. That one smells bad. I am sure more are on the way.

Re: The State of the States

Who cares!? I don't care anymore. I just don't care. I say that with a sad heart, but I can't care anymore because it doesn't matter. It's nothing but a big grab now. What? We will have either Obama, or McCain? The really wealthy won't know the difference, the middle class will adjust somewhat, and the poor will be poor. All of those FDR programs, all of the bleating of Republicans over "social programs"? I don't buy the whining. It benefited someone. The Fannie Mae and Freddie Mac programs benefiting folks, yeah...someone made something off that. The people who have been mis-managing them, just like Bear Stearns. Enron. No different. Poo-poo the federal work programs of the early years of the last century, but people had jobs and made a paycheck so they could buy food and send their kids to college. It doesn't matter, the gravy train is over for the middle man and middle-class, never arrived for the truly working poor, and the big guns are laughing all the way to the Swiss Banks.

Baaaahhhhh!

p.s. MarkF - Ron Paul, who I do not favor, because I favor no one, makes more sense than bedtime story John John McAlzheimers. Paul is probably a kook, but he's a kook with his own ideas. McCain is a wandering fool looking for a place to drool. Obama is someone I might have considered voting for until I found out I was a political agnostic just this week. Aaahhhh! The Freedom! The Freedom!

Vicki and Greg Lansen wrote:. . . . All of those FDR programs, all of the bleating of Republicans over "social programs"? I don't buy the whining. It benefited someone. . . .

Yes. It was a triumph of material comfort over idealism. And we see it again.

Yet, who am I to condemn someone for prizing physical security so? We have each of us our breaking point.