Facism goes way back, though it's true modern media has enhanced it. Check out the "legalist" school in ancient China.

Ok, Sandy...how bout this from Howard Zinn?
http://www.commondreams.org/headline/2008/10/22-12

I listen to certain pundits and economists talk about a self-correcting marketplace as though it is a sacred formula. They say, “it will only be OK if we let the market economy work it out. There are winners and there are losers. Government is bad and government intervention and controls only makes our situation worse.”

As a young man I had friends and family members who were becoming alcoholics. The wisdom of the time was that alcoholics had to hit “rock bottom” before they could start the climb back up. I sat in on family meetings where, in their time of frustration and desperation, they turned for support to this conventional wisdom. I watched as a father, brother, daughter or mother destroyed their family with alcoholism. I saw family members and friends abandon families which had tumbled off the cliff toward “rock bottom.” I remember the shame and guilt inside those families. All this for an idea which seemed very wrong to me. Today, we look toward intervention for help. Interventions come in a variety of strengths and philosophies and some are better than others. The important thing is that we try to avoid the collapse of the family.

Gamblers too can destroy a family with their affliction. I have witnessed that also.

As I see it, the problem with the notion of a “self correcting economy” is that real folks, their families, and the environment they live in, get terribly injured by these ideas. Although the news media mostly followed the story of ENRON’s top executives, it was the workers and their loved ones who were battered by corporate greed. Folks lost their jobs and their pensions. Some lost much more. ENRON’s indifference and abuse toward their customers was damaging, not only financially, but also in the growing national cynicism toward corporations.

Like a family, our government is a social contract. If government control is bad, then so too are family values. Like a family, government can go down the wrong path. Our nation is not made up of governments or corporations, but human ideas which draw us together toward common goals. When addicts of greed and power, or gamblers take over either governments or corporations, then the nation family will suffer.

A healthy market economy is created within the good faith of all of its players. Nobody wants to feel like a chump or be cheated. If the folks at the top have lost their social ethics and failed the people, harmed the very security of our nation, then they have earned intervention and regulations. The invisible hand is a human fiction pointing toward “rock bottom.” It is a mantra which supports an addiction of avarice and control. All of our financial systems are just human systems, subject to human strengths and frailties.

Once again thank you for your insightful programming on PBS.

PBS,
Your interview w/ Mark Crispin Miller, was another classic example of why we stopped giving to PBS. It was an undeniable unpaid advertisement for Obama and the Democrats. And another example of why government funded broadcasting should not be part of a “free society” since PBS should not endorse and promote a candidate with taxpayer funds, funds from every taxpayer not just the Democrats. It is shameful to hide behind public funded airwaves while promoting your funding stream from the Democrat party via this type of propaganda. How ludicrous an idea to discuss voter fraud without mentioning the media bias from ABC, NBC, CBS, CNN and PBS. No mention of how PBS pumps up the Democrat candidate to defeat opposition voter turnout. And no mention of “Rather Biased” and his final down fall from the same propaganda techniques. Nor the incestuous relationship the media has with the Democrat party, e.g. Stephanopoulos as an objective political correspondent is a joke. An X-Clinton advisor puts on a “public journalist” badge and you guys soak him up. The alternative media is growing due to this blatant disrespect for the intelligence of your customers, customers who are forced, via taxation, to fund your show. This election is inspiring more of us to look for objective journalist more than ever. And like any election cycle, when new seeds are sewn, this is the beginning of a required change to bring back much needed “objective” journalism to our public airwaves

PBS,
Your interview w/ Mark Crispin Miller, was another classic example of why we stopped giving to PBS. It was an undeniable unpaid advertisement for Obama and the Democrats. And another example of why government funded broadcasting should not be part of a “free society” since PBS should not endorse and promote a candidate with taxpayer funds, funds from every taxpayer not just the Democrats. It is shameful to hide behind public funded airwaves while promoting your funding stream from the Democrat party via this type of propaganda. How ludicrous an idea to discuss voter fraud without mentioning the media bias from ABC, NBC, CBS, CNN and PBS. No mention of how PBS pumps up the Democrat candidate to defeat opposition voter turnout. And no mention of “Rather Biased” and his final down fall from the same propaganda techniques. Nor the incestuous relationship the media has with the Democrat party, e.g. Stephanopoulos as an objective political correspondent is a joke. An X-Clinton advisor puts on a “public journalist” badge and you guys soak him up. The alternative media is growing due to this blatant disrespect for the intelligence of your customers, customers who are forced, via taxation, to fund your show. This election is inspiring more of us to look for objective journalist more than ever. And like any election cycle, when new seeds are sewn, this is the beginning of a required change to bring back much needed “objective” journalism to our public airwaves.

Mr. Crispin Miller said during his segment on today's Friday October 17, 2008 broadcast that voters have been reporting that when they used the electronic voting machines to vote their intended votes for CANDIDATE OBAMA were recorded as votes for CANDIDATE MC CAIN. Really? Please relax. The election during which these machines will be used will not take place until Nov. 4. 2008.

Michael J Ahles wrote:

The solution then is to fully nationalize the banks, while allowing the markets to find there own valu and waye. Markets self correct on there own. With globalization upon us, if the solution is correct, the world will surely follow our lead.

I'm completely against globalization, from what I’ve seen and what I foresee, it doesn't have the USA in its best interest. What if this economic disaster turns into a full blown depression, which I strongly believe it will? If a depression does fall upon us, wages along with the cost of living will drop considerably, but our debts will remain the same. So, when this new global banking system does take over and enforces its new procedures, Americans will be so far in debt they’ll never be able to recover. The global loan sharks could keep us in a perpetual debt.

I’ve foreseen a depression coming for 4 or 5 years now. Besides stuff like the trade deficit and the outsourcing of jobs which has been ongoing for decades, the drastic increase in gas prices was the first sign, and then a year or 2 later came the subprime and no doc loans. Back in late 2005, I tried to warned people to sell their homes like I had done, but for good reasons, not one person took me seriously (I guess my math skills allow me to see the sky falling, but who listens to a chicken). If a depression does fall upon us, I guess we’ll have to wait and see what bank(s) will arise, but I’m sure it won’t be American.

Involuntary Orwellian twitch: Globalization/NWO has spent decades and probably trillions of dollars to get America out of its way, and its going to do everything in its power to keep us from getting back up. And if we can’t stop fighting amongst ourselves, it’ll succeed.

An Economic Solution

Whilst reading “The Adams Jefferson Letters” today, Adams hit on the inherent flaws of our current banking and market debacle. And like removing a log from a jammed river, for me the solutions to our economic problems came to me with a clear flood of speed.

Adam’s wrote: “Where tends the Mania for Banks? At my table in Philadelphia, I once proposed to you to unite in endeavors to obtain an Amendment of the Constitution, prohibiting to the separate States the Power of creating banks; but giving Congress the Authority of establishing one Bank, with a branch in each state; the whole limited to Ten Millions of Dollars. Whether this Project was wise or unwise, I know not, for I have deliberated little on it then and never thought it worth thinking much of since.”

“The system of Banks begotten hatched and brooded by Duer, Robert and Governor Morris, Hamilton and Washington, I have always considered as a system of national Injustice. A sacrifice of public and private interest to a few Aristocratical Friends and Favourites. My scheme could have no such Effect.”

Verres plundered temples and robbed a few rich men; but he never made such ravages among private property in general, nor swindled so much out of the pockets of the poor and middle class of people as these banks have done. No people but this would have borne the imposition so long. The people of Ireland would not bear Woods half pence. What inequalities of talent, have been introduced into this country by these Aristocratical banks!” And Aristocratical Administration I might add!

The solution then is to not bail out the banks but in the short term Nationalize them. In the long term Worldize them uniting all the free market societies in the world with one currency and one bank, with outlets around the free world.

Regarding the bail out of the markets or businesses, this action has and will continue to only take away the freedom of the free markets, and destroy the system of capitalism.
Markets are meant to prosper only through the freedom of competition, much like evolution, the strong go on and the weak fade away. By nationalizing or bailing out some faltering businesses with government money, no new markets or businesses would be able to compete. A new business could never enter the market competing with one financed by the government and it resources. This incorrect action of government intervention will thus end the evolutionary cycle that strengthens the markets as it progresses, in an equitable and free way.

The solution then is to fully nationalize the banks, while allowing the markets to find there own valu and waye. Markets self correct on there own. With globalization upon us, if the solution is correct, the world will surely follow our lead.

Imagine one currency and one bank. Unity and equality, Oneness is on The Way!

=
MJA

Injustice for All 10/17/08
I am aware that there are those who read what I say and both agree and disagree. I hope that puts me on the middle road. I want to be on the middle road because I am too old for any future change good or bad to affect me.

In my heart I speak for two things I believe in: First the American Citizen and Second the American Family. I want both to prosper in all good ways. I believe you know what that means.

Motive, yes I do have a motive. I will show you my motive by telling you my opinion of what I heard last night on Charlie Rose.

Nancy Pelosi, Speaker of the House of Representatives in so many words gave Carte Blanche: (the unrestricted power to act at one's own discretion; unconditional authority) to the people who caused by guile and through shellfish greed the Financial Down Fall of Capitalism and the interference by the Federal government to take our money which we are now expected to borrow from our selves and pay interest to the banks on.

She has no interest in pursuing the criminal or civil avenues to force the people who made Hundreds of Millions and Billions for some at the top to force them to repay the taxpayer. She allowed they should be free to take their money to the bank.

This is the same person who saw no reason to impeach # 43 for breaking the law and taking several of our Bill of Rights away from US (us).

I have not in my life time seen a greater injustice against the taxpayer and voter.

Yes, there are worse things that happen in life but this attitude toward those who brought the Federal Government to it knees and our system is still not fixed… She is an example of why the VOTER is ultimately responsible for the mess we are in.

When the Voter is “out to lunch” and has no time for civil responsibility the civil servant learns quickly that the absolute power of incumbency is a way to have power over others and gain wealth for them selves… you have to see this is a prescription for corruption and bad behavior to say the least.

I mean that white collar crime goes so unpunished it is not even considered a risk. I predict that we have not seen the last of the Wall Street Gang, they will be back when the dust settles and we the citizen have been distracted by something new forget what they did and the second heart attack may be a lot worse.

If the SEC and the Federal Government wants to it can stop the “now free to do as they please gang”. Outlaw computer trading. Use computers to keep records and account of trades but force the professional investor/trader to make trades by personal only… no computer program trading and having the ability to so overwhelm the market that the small investor has no chance of a level playing field.

The guys who just took Billions to the bank and left US (us) holding the bills, well, what could be more justice for the tax payer then to see the computers and computer programs banded from trading stocks and any other type of investment.

Computers have given “house odds” to the professional intuitions on Wall Street. . Please tell me what is the remedy for the America people.

Part Two:
Part One was listed first by mistake, if this gets entered see below for part one.

I am bound to say it. If you don’t like the way you are treated and cheated by the Federal Government and Wall Street, you have one tool you can use but you will need all your friends to use it too and at the same time…. Vote the incumbents out and let the new Representatives and Senators know you will fire them if they forget you are their boss.

Outside of that, you can if you choose… get out of your IRA’s and 401-K’s and any Mutual Funds you are in what ever the cost and put your money in an FDIC Bank or Treasury Securities and sit out the next fall of the Market and the Market will fall.

While you wait to see what happens to this terrible mess you can study and do your own homework on investments, Stocks or otherwise (there are many investments not of the Market) that you understand and believe in. If you don’t like the Government or Employer control, take control of your money and you decide what is best for you.

Any woman who knows how to use the word exoteric is as intelligent as me and I learned what I needed to make money in the Market. I also have learned to get out of the way of those who are more powerful and have more money. But as I sit here trying to communicate with you and others… I will return to the Market in the future, but with the whole world in a panic little guys like me need to get out to the way. I hope you can appreciate this.

I don’t mean this in a harsh or flippant way… at the end of the day if you don’t like what is happening you have to take over and act on your own behalf. You didn’t ask but I closed my Brokerage account when I found out the Hedge Funds were beating me to death and put all my money in an FDIC bank account and it will stay there until I can find good common stocks and invest in them at the right time.

You ask what common stocks out of curiosity but not as advice:

Royal Dutch Shell Exxon/Mobil Johnson & Johnson Procter & Gamble
3M John Deere Cummins Paccar Union Pacific Railroad
Burlington Northern Santa Fe Railroad Bank America Wells Fargo

All these corporations are big blue chip types of businesses that make things we need or provide services we need. All are offered as a suggestion for you to investigate and learn about so you can decide if you want to entrust your money to their stock.

I apologize for using words that may only make sense to investors if that was what you insinuated. I have never intended to use words to mislead or confuse anyone. If I am to speak of the Stock Market I must use certain words and terms or what I say will not mean anything to anyone.

The Market assumes nothing as it is a group of people who buy and sell (in this case Common Stocks) for the purpose of making a profit.

The Free Market reacts to the buying and selling without regard to who does it or what happens to those in the market.

A Free Market (we don’t have this but need it) well regulated with vigilant SEC overseers or in more common terms: referees & umpires would and has as recently as the 1970’s be as close to a level playing field as I remember.

As for information on investing I listed 15 books on the Stock Market in another weblog entry, all can be understood by the layman or laywoman. If it were not so I could not have read them. I just today found a new book “Investor Therapy” by Dr. Richard Geist 2003 at the Library.

Page 220 States:
Scapegoating. Every correction seems marked by a psychological need to blame someone. Both the suddenness of its onset and the anxiety it engenders leave investors temporarily feeling like the small child who, while running into the kitchen, bumps into a table and it furious at either the table for being there or the parent who put it there:

“My broker should have told me,” or “The CEO knew this was going to happen,” or “The analyst’s timing was dead wrong,” or “It was only a stock promotion.”

As Zeus stated in “The Odyssey”
“How shameless – the way these mortals blame the gods.
From us alone, they say, come all their miseries, yes,
But them themselves, with their own reckless ways,
Compound their pains beyond their proper share.

Psychological Scapegoating absorbs time and energy that should be directed to understanding the fundamentals of our own stocks and the market’s monetary, valuation, and psychological dynamics. It allows investors to get caught up in frivolous and self-destructive actives, the worst being class-action lawsuits typically benefiting no one but the attorneys.

Page 256 Further Offers: Ten Rules of the Road.
1. The capacity to be curious and puzzled.
2. The patience to investigate a company’s potential.
3. The ability to imagine what could go wrong with our decisions.
4. creating a good fit between our investing style and our personality.
5. The capacity to be an outsider.
6. The capacity not to know.
7. The capacity for self-reflective awareness
8. The ability to decenter
9. Emotional Discipline
10. The capacity for optimal restraint.

Finally there is a Questionnaire on Page 283 to 291 for a check on:
Your temperament to be an investor.

Dr. Geist’s book can be found at most book stores or the Library.

In addition: The following are very good sources of information as long as you remember the “motive”.

The Wall Street Journal Barron’s Forbes Fortune Business Week Fool.com Yahoo.com

All are sources for information for the small individual investor that wants to take back their money and make their own decisions.

I make no argument with you as to: “I believe that this is the end of the road for "market forces" in the eyes and pocketbooks of the millions of people who make this world go 'round with their labor, their dreams, their ethics.”

You state it better then I could and it is exactly what breaks my heart… those millions of people who work hard to make a good life for their family, who dream of a well and safe community where they can have conversations with friends and neighbors and mostly who are moral and ethical citizens of a Country worth saving.

“The end is truly near.” I can not say if this is so… I do feel that if population is not brought under control the end will indeed be near. I also feel that more, more, more, is not the way. We need to see the error of a global economy and become smaller units functioning with efficiency but not oppression and quality that is more desired then quantity and work to the point of our humanity being drained out of US (us)… if there is one thing I have learned from being alone all my life it is the value of relationships and there is nothing of greater value. We must find a way to put people and family first and allow for the interaction between friends.

All this worship of money and the inequity between rich and poor has made us angry and sick. I will close my apology to you by saying… you are exactly right… we do need a level playing field and I hope you find yours.

Jack: Ellison Hunt's Freudian slip about a hurricane or a TORONTO reveals he may also resent the possibility of creeping Canadian socialism. Ellison, what are your thoughts on government sponsored single-payer health insurance? Well, la-de-da, lordy-lordy-lordy, I wonder... Are we ever gonna be able to get a resistance together?

Posted by: Grady Lee Howard | October 17, 2008 10:12 AM

To: Grady Lee Howard
From: Ellison Hunt

Sir: It was not a “Freudian Slip” it was a misspelling which my spell check chose and I failed to find in editing my paper.

I thought to answer your question until I read your last two sentences. I have no interest in doing so.

I have dyslexia and I don’t really care if you understand what that is.

I defiantly have no interest in a “resistance” nor do I assume to know what you meant by the use of that word.

I served my country and make no apology for doing so. I believe in the Declaration of Independence and the Constitution and the Bill of Rights and I have read them. I do not seek a Capitalist or a Democratic Government but a Government of The People with out labels, without division and competition but with Cooperation, term limits, and protection of the Family.

If it offends you that I want a country where families can prosper then I suggest you join the military and go off to war. If you make it back, let me know if you learned to love life more then profit and if you think a Government of The People is worth while.

If you have served your Country, you learned a different lesson then I did and I would be interested in hearing what you learned.

Jack: Ellison Hunt's Freudian slip about a hurricane or a TORONTO reveals he may also resent the possibility of creeping Canadian socialism. Ellison, what are your thoughts on government sponsored single-payer health insurance? Well, la-de-da, lordy-lordy-lordy, I wonder... Are we ever gonna be able to get a resistance together?

Ellison Hunt: Bravo on your analysis of Brit Hume's and other capitalist ideologues' rhetoric. Fascism is a modern invention, a figment of developed media. I was listening to a "Christian" talk radio station on the way home yesterday, the one carrying Dave Ramsey, the financial adviser. It was stated by another host that,"If you don't work, you shouldn't eat." I began to draw implications from this threatening statement. To sum it up, fascism denies the complex reality of modern employment where transportation, a phone, an address, documentation , a wardrobe and even medical services are required before one can viably apply.... and a lag in payment of wages of at least two weeks. Since these Biblical fascists, who can cite book, chapter and verse to oppose a minimum wage, unemployment insurance, disability compensation and customary benefits present the Bible (written mostly in the days of pastoralism, and updated in a time of feudalism) as a law above federal or state statutes, why do they fail to find the admonitions to charity, hope and common sense also interspersed in these same texts? Their macabre emphasis on necessary suffering as both natural and God's plan well illustrates their sadistic fascist intent. These are people who cultivate a chain of diminishment and cruelty using religion and falling back upon the hierarchies and barbarism of times past. They are funded and promoted by wealthy and sadistic interests to create fear by describing and advocating a "Hell on Earth" for anyone who speaks against or opposes their exploitation of anyone or any group weaker than they. Somehow such is supposed to be "good for business." The misused mythology of Christianity is only one branch of this same elitist fascism. The chairman of the FCC telling people how they must spend money to continue watching TV after Feb. 2009, the political parties excluding voters and third party candidates, the police who brutalize lawful protesters and the surveillance (real and threatened) of our personal communications are all blatant aspects of the same fear generating mechanism. We have been in the grasp of this monster for a long time, and now that partially visible hand drags us under its iron heel, as they impose what they jokingly call a Depression. It is depressing, but it is also the generalized shock of mass torture, as Naomi Klein and others have warned us.
Ellison Hunt doesn't seem very afraid, and neither should you be. Fear can do you no good when solidarity and resistance (mental and physical) are the way out of this nightmare. Stay close together in mind and spirit to thwart the hateful fascists. If you believe read the hell out of the loving parts of your Bible, and if you don't believe, rail against the agents of fear and hate, such as Brit Hume.

To whom it may concern,
The term Conservative Republican is an Oxymoron. Everything the Republicans have done in the last eight years has been anything but conservative. They have spent money like it was going out of style and they have undermined the stability of our society.
They have given away billions of dollars to their rich supporters. We need to eliminate lobbyists and no bid contracts.
The definition of conservative is tending to oppose change, favoring traditional views and values. The Republicans have promoted greed,
lies, torture, human sacrifice, immoral behavior, hate, and preemptive war; including the decline of democracy and freedom of press. all of these things are in direct conflict with this countries traditional views and values. They have even undermined The constitution.
Anything you can do to correct this false assertion is much appreciated.

Dear Mr. Moyers,

You should invite Ellen H. Brown to be on your show to discuss her insightful book, The Web of Debt.

In her book, she lays out the causes of our current economic crisis, explaining why this crash was inevitable, pointing out why any amount of tinkering with the banking system will not solve the crisis, showing a clear way out of the mess, a method used by Abraham Lincoln during the Civil War.

I need to speak of Britt Hume who is the perfect Capitalist by his own statement:

“If taxes are going to be so high that there is no reason to keep working a person might as well go home and be with their family.”

Good Lord in Heaven, I never heard the Capitalist way of life described any better… lets everyone go to work and work all our life away and never see our children grow up or the smile on our wife’s face or know that our mother is in the hospital and on and on.

Let’s all just worship money and work ourselves to death for a small line in the Bank that says account so and so has $250,000.00 dollars in it and have that as an epitaph on our tome stone.

What a dry miserable life Capitalism offers and especially since it just imploded and fell on it ass and left millions wondering who to see about it. There is no one but ourselves to see. More and more and more will not work and will only destroy us along with our earth.

You can not rely on Democracy either. The majority elects our government and they turn us our without excuse. The minority is not protected so what good is Democracy.

Again I find myself saying that we have a very good foundation for a government if we just take it back from the Capitalist and the Democrat. Neither serves us.

Our Federal, State, and Local Governments have but one job. That is to protect and serve the welfare of the people. We have too many labels and too much military covering up the fact that we the people should come first. Those who work and raise families have a right to this protection of “our” government.

If it is a Hurricane or a Toronto or as flood, the Government should be there immediately helping us to recover. Any Citizen of the USA has a right to this protection.

If we loose our job, we have a right to unemployment and if desirous retraining for a different career. If we are sick we have a right to receive competent medical care. If we desire education it should be given to us.

That is the kind of government we should move toward and give notice to the Congress and President that they serve us. The Corporations also should be given notice that they too will be expected to serve us. We have the power to demand laws and regulations be passed that protect our health and safety.

None of what I have said is a free ride or a hand out… how in the hell can a government who taxes the US Citizens of America give a hand out to the very people who paid the tax? It is our money and they just proved themselves both Federal Government and Corporations not afraid to steel our money and give it to the rich.

Am I so radical or do I have a right to stand up for the people and if Congress can vote itself free healthcare and full pay at retirement are you saying I should not ask for the same for my friends, neighbors, and family?

It has all got turned upside down. Britt Hume is wrong in so many ways. We should have protection and opportunity from our Federal Government… we are the ones who pay the bills, its our money. We should have time and lots of it to raise our families and have conversations with our friends and take trips to learn about our neighbors.

Damn it all, Folks we should have time for fun, or relaxing in nature. Don’t you see…? We are human beings not cattle, not slaves, we have the capacity to be more then the work we do or the things we own and certainly more then the stuff we have to pay to store in those ugly storage lots.

I just don’t believe we have to put up with a government that frightens us and leads by fear. I don’t believe we need to be so divided. I try to listen to both democrat and republican and when I manage they both want to be safe and to raise their children and have them educated for a career in life. Both want good doctors available at the time of sickness and accidents and threat of life. Why is it we hate each others difference so much and in the midst of all this bickering our Government just stole Trillions of dollars to pay off incompetent Corporations and did not even give us a “thank you” much less an IOU… you really think that they will give the money back?

They never put the money thay stole from the Social Security Fund back and now they say they can’t afford to pay us. It was our money… we paid it in and our employers paid it in as a benefit of our labor. There is no reason in the world that Social Security should not be repaid and kept solvent.

No reason except the one that is screwing up all our lives… our so called leaders have on purpose divided us so we will not notice their actions to control us. They keep us like salves, not physically bound but in debt to the point we can not afford much beyond food, clothing, shelter, and transportation. Have you notice the cost of food, transportation and interest rates on credit cards and short term loans? It is all so sad how we are being treated and how we take it generation after generation and fall for the old line………….

What was it a politician said, tell me what is wrong and I will tell you who to blame.

No solutions. Well I have offered more then my share and none have been tried. Good night America….

I will be away from my soap box for a while… I am not sure of a return.

Allenwrench wrote:

I think nature will help us humans out with that hard decision - for nature does not discriminate nor find the truth too controversial or provocative or opinionated to be true. And in the end, nature will settle the dispute of population control with even handed justice by removing excess population just as it does with all its species, ever reminding us all that nature does not bow to man...it is always man that bows to nature.

This is very true, but humans could prolong their existence by shutting down all nuclear power plants, by creating less fluorocarbon, and by showing each other a little humanity.

It is time to say the Stock Market is fair and working as it should. Regardless of it being an Unrestricted Free Market or a Regulated Free Market the market allows people to buy and sell stocks.

Only when interfered with does it appear to be biased.

Hedge Funds or Federal Government makes no difference… it is human interference that gives the impression that the Stock Market does not work.

All things in life have to be studied in order to become proficient, to have a good foundation, to be able to make it useful in your life.

There are many sources of information to learn about and to use the Market to your advantage.

If you do not want to learn then the Market will not be a place of profit but a psychological nightmare that “If you have any self-destructive tendencies, the market is going to find them and hit you with them” in the form of losses.

So, the next time you decide to blame the Stock Market, stop and think, who is it on Wall Street or in the Federal Government who has a motive that is not in your best interest.

Such as the Big International Oil Companies and the Recently “failed and bailed out” Investment Banks in their use of Crude Oil Futures on the Commodes Market. It was they not the Market that found a way to manipulate the Market in their best interest. And it is they not the Market who should be exposed for hurting the people and the economy.

If you are diligent and fair with the market by keeping Greed and Fear under control and executing your own plan without emotion, you will see more rather then less profits.

If you buy into “Wall Street” and the lies and motives of the professionals you will loose your money and have no one to blame but yourself. The Market after all is for mature adults who are willing to work hard and study and take a risk. It is not for the immature or gamblers who are always the first to complain the Market took their money when in reality they did not tend to their investments and make the needed decisions.

If you have read this far I need to say that I regret without being able to help any one of those who in fact sold at a loss and did in fact lose money on their investments.

This is the very reason I try to be fair instead of judging. I realize more then I want to that many millions of people have been mislead by Brokers and Employers and the IRS about their retirement plans.

The simple truth is that people trusted Brokers to be honest professionals and trusted their Employers to do what was best for the employee and the IRS to not come up with so restricted a plan and controlled by the Employer and with penalties by the IRS to further control and complicate the employees and customers retirement plans.

I read the find print and said no to 401-K plans. Most people do not, but it states there is no guarantee that the employee will make money nor does it say they will not lose money. I also saw little of the FDIC emblem on any of the paper work and I don’t trust the SIPC Securities Investor Protection Corporation. You can get a 3 page explanation of the SIPC is on the internet.

I can only hope that the people who actually sold and lost money will be able to make it up over time.

For the people who are fretting over “paper losses” and have not sold, if they choose to hold and not sell, they will in time be back to the point before this down turn took place… but I would hesitate to say when that will be. A guess that assumed the system is righted and regulated would be 5 to 10 years. If not regulated the Hedge Funds have the where with all to drive the market up to levels not yet seen. That will be a very dangerous time for the small investor and a time to sell all investments and put their money in a Bank and stop once and for all putting Retirement Money at Risk.

If the Federal Government wanted to protect these people they could guarantee their retirement plan at a certain date and offer a bail out for them getting out of the Market and into a Bank and staying there… but there is much too much jealously in this country now to get that done even if the F.G. wanted to.

I hope I have shown that I realize there is a great deal of pain for the people and families in our country as I am for them. I hope what I write comes across that I am for the family and the working people.

Ellison Hunt wrote:
Say it isn’t so… do you really mean you would not like an apology after I spent so many hours trying to explain myself and the Market?

Ellison,
I only meant that you should not feel badly about any comments you have made, or explanations about the markets you have given to me. I appreciate your extensive explanation, and as a result, I think we are on the same page. As I understand it, the stock market is a important way for companies to get the money they need. The markets play an important role in business, as you say. My piqued response was an expression of anger at the misuse of the public trust, and destruction of so many retirement accounts. It really is grim for quite a few people.

I did use the word esoteric, and not exoteric.

We look forward to your part 2.

Thanks for taking the time.
Betsy

Sorry, I will try tomorrow to enter part two.........

If the weblog doesn't take the document them, I may just give up.

Sorry, I will try tomorrow to enter part two.........

If the weblog doesn't take the document them, I may just give up.

I have tried three times to enter Part TWO into the weblog and 2 times it repeated Part ONE and three times it refused to print part TWO.

I am sorry for the failure to get part Two entered and for Part ONE being entered 3 times and takeing up space.

Bill, are you there? Is there a limit on the length of entries?

I have tried three times to enter Part TWO into the weblog and 2 times it repeated Part ONE and three times it refused to print part TWO.

I am sorry for the failure to get part Two entered and for Part ONE being entered 3 times and takeing up space.

Bill, are you there? Is there a limit on the length of entries?

Part One
As I stated in part two, I am trying to get this document entered in Bill Moyers weblog.

Folks, please separate the apology to Ms. Whitfill from my comments on the Market and if useful, please enjoy and use them for any benefit they give you.

Say it isn’t so… do you really mean you would not like an apology after I spent so many hours trying to explain myself and the Market?

I am sincerely invested in what I say about the Market and the present state of things. If I am right then maybe I help someone… if I am wrong or offensive I need to be shown another way and to learn from my mistakes.

So, Betsy Whitfill I will post my apology after I edit it from yesterday and hopefully find any mistakes or correct anything I feel different about.

I don’t mean to go against your will but I don’t want to waist my time and not use my paper to learn from others.

Ellison,
No need to apologize to me. We are all sharing views and perspectives. I should apologize to everyone for my many typos.
This mornings dental work was a bit exhausting!

To: Betsy Whitfill
From: Ellison Hunt

I realized when I said the “simple solution” is to let the Free Market work on the way down and seek its own level, I would be in trouble with a lot of people who are called small investors and this term is in no way derogatory or negative.

I am glad you disagreed with me. Maybe I can learn something from you so let’s see if I understand your point of view and what you want from the Stock Market.

I do not patronize you when I say; you should and have every right to speak of “the solution”. I have for 38 years thought that the man and woman on Main Street is every bit as smart as the people on Wall Street. I also am of the opinion that Women are better then men at investing as long as they do their homework and do not depend on men or women on Wall Street who have their on self interest as the motive for giving you advise.

I am not a broker and when you say our here in “the bush” let me share with you that I spent 20 years in what I call “the desert” unemployed and working temporary jobs on which I managed to survive. But it is not my background that is important; I mention it in
hopes that you at least might give me some credit for understanding the working people with actual jobs.

Lets move on to you next point. I have 29 entries to date on Bill Moyers Weblog and I frankly did not know who I was speaking to. I write because I feel compelled to and I offer my best thoughts and feelings on the present subject. Each day brings a new set of problems and if we are fortunate people with new solutions to those problems.

I want you to know that I personally have loved the Stock Market for 38 years and I have found nothing fairer in life until, deregulation began in earnest in the 1980’s and has continued until present day. Due to deregulation I have watched the Stock Market become more and more dangerous until I myself had to throw in the towel so to speak. When I began the buyer and seller stood on equal ground and the SEC was vigilant in watching for violations and punishing the wrong doers. This is not now the case.

“The rest of us” You speak of the rest of us and I am only interested in this group. I do not give one whit for the professional in Wall Street. It is the working class of which I was once a part that I care about. So what I say next may be taken as one man’s opinion.

I use to believe as you do that it was the Stock Market that would keep me even or maybe help me prosper. It did in fact keep me off the street through my finding good investments and giving them time to grow. But I now believe as you do the “Government Financial Wizards” have control over your 401-K’s and IRA’s and to a great extend over your pension plan. I can’t change that. I can tell you that I had to use my IRA’s and I got out of a Caterpillar 401-K gladly paying the penalties after finding out what I had gotten into. (A mess where I had little or no control over where my money would go.) When I had IRA’s I had to withdrawal my funds on several occasions and pay the income tax plus a 10% Tax penalty on top. I had to eat during those 20 years so every investment I made in the stock market that yielded a profit and all the IRA’s I contributed to over the preceding 15 years was used to keep me off the street and I want you to know it was no picnic.

As angry as I am at the Mercenary Bastards both in the Government and on Wall Street I can not begin to imagine your anger toward me for my attempt to share what I had hoped would be helpful. I suppose humility is the best thought, to keep in mind when you assume to offer others help and unwanted advice. But I do feel Bill has asked anyone with an idea or opinion to state it.

In any case I stand accused of being something I can not even understand without going to a dictionary.

“What is simple to the exoteric financial thinkers is rubbish to us.”

I did manage to look up Esoteric – Meant for or understood by only a specific group.
And just now realize you said Exoteric so I went to the dictionary and found:
1. Suitable for or communicated to the general public.
2. Not belonging, limited, or pertaining to the inner or select circle as of disciples.
3. Popular, simple, commonplace.

Now I am confused as to whether you are saying the select group or not belonging to the inner circle…

Well lady, you have done me in, I am at a loss for words and I dare not guess what is meant by Exoteric.

I would like to take issue with the word “Rubbish” not that it may be to you but that rubbish is what all small investors who are successful have to learn. All knowledge is specific to its field of learning. The Law, Accounting, Music, all types of knowledge have a unique vocabulary and Wall Street is one. Yes! They use all sorts of words to confuse the public and like politicians can talk for hours without saying or revealing any thing of worth. So you learn it or put your money in a Bank.

People like you and I who are so angry should remember it is not us common folk who are at fault. You are correct in your assumption I have no right to offer a solution. But neither am I your enemy or the cause of your losses.

I have to emit I was surprised at how much I offended you without trying.

I fully agree that you are forced into the present system at no fault of your own and you have a right to be angry at having your money given to a bunch of swindlers and charlatans who need to be in jail.

You should not be punished for believing your Government is fair and has your interest at heart. But the fact is It does not and Bill Moyers:
• A World of Ideas : Conversations With Thoughtful Men and Women About American Life Today and the Ideas Shaping Our Future (1989), Doubleday, hardcover: ISBN 0385262787, paperback: ISBN 0385263465
• A World of Ideas II: Public Opinions from Private Citizens (1990), Doubleday, hardcover: ISBN 0385416644, paperback: ISBN 0385416652, 1994 Random House values edition: ISBN 0517114704
I do not remember which, book I or book II, has it but there is an explanation that states clearly that the Federal Government does not have your best interest at heart. The Federal Government that you and I deal with today cares only for the Corporations best interest. And as you have just seen will do anything to preserve it and the hell with you the taxpayers. I can’t change this either.

I just remembered that back then the Corporations were known as the NATIONAL INTEREST and the people were know as the special interest and translated that meant that we the people didn’t even get on the radar screen of Congress… Still Don’t.

Part One
As I stated in part two, I am trying to get this document entered in Bill Moyers weblog.

Folks, please separate the apology to Ms. Whitfill from my comments on the Market and if useful, please enjoy and use them for any benefit they give you.

Say it isn’t so… do you really mean you would not like an apology after I spent so many hours trying to explain myself and the Market?

I am sincerely invested in what I say about the Market and the present state of things. If I am right then maybe I help someone… if I am wrong or offensive I need to be shown another way and to learn from my mistakes.

So, Betsy Whitfill I will post my apology after I edit it from yesterday and hopefully find any mistakes or correct anything I feel different about.

I don’t mean to go against your will but I don’t want to waist my time and not use my paper to learn from others.

Ellison,
No need to apologize to me. We are all sharing views and perspectives. I should apologize to everyone for my many typos.
This mornings dental work was a bit exhausting!

To: Betsy Whitfill
From: Ellison Hunt

I realized when I said the “simple solution” is to let the Free Market work on the way down and seek its own level, I would be in trouble with a lot of people who are called small investors and this term is in no way derogatory or negative.

I am glad you disagreed with me. Maybe I can learn something from you so let’s see if I understand your point of view and what you want from the Stock Market.

I do not patronize you when I say; you should and have every right to speak of “the solution”. I have for 38 years thought that the man and woman on Main Street is every bit as smart as the people on Wall Street. I also am of the opinion that Women are better then men at investing as long as they do their homework and do not depend on men or women on Wall Street who have their on self interest as the motive for giving you advise.

I am not a broker and when you say our here in “the bush” let me share with you that I spent 20 years in what I call “the desert” unemployed and working temporary jobs on which I managed to survive. But it is not my background that is important; I mention it in
hopes that you at least might give me some credit for understanding the working people with actual jobs.

Lets move on to you next point. I have 29 entries to date on Bill Moyers Weblog and I frankly did not know who I was speaking to. I write because I feel compelled to and I offer my best thoughts and feelings on the present subject. Each day brings a new set of problems and if we are fortunate people with new solutions to those problems.

I want you to know that I personally have loved the Stock Market for 38 years and I have found nothing fairer in life until, deregulation began in earnest in the 1980’s and has continued until present day. Due to deregulation I have watched the Stock Market become more and more dangerous until I myself had to throw in the towel so to speak. When I began the buyer and seller stood on equal ground and the SEC was vigilant in watching for violations and punishing the wrong doers. This is not now the case.

“The rest of us” You speak of the rest of us and I am only interested in this group. I do not give one whit for the professional in Wall Street. It is the working class of which I was once a part that I care about. So what I say next may be taken as one man’s opinion.

I use to believe as you do that it was the Stock Market that would keep me even or maybe help me prosper. It did in fact keep me off the street through my finding good investments and giving them time to grow. But I now believe as you do the “Government Financial Wizards” have control over your 401-K’s and IRA’s and to a great extend over your pension plan. I can’t change that. I can tell you that I had to use my IRA’s and I got out of a Caterpillar 401-K gladly paying the penalties after finding out what I had gotten into. (A mess where I had little or no control over where my money would go.) When I had IRA’s I had to withdrawal my funds on several occasions and pay the income tax plus a 10% Tax penalty on top. I had to eat during those 20 years so every investment I made in the stock market that yielded a profit and all the IRA’s I contributed to over the preceding 15 years was used to keep me off the street and I want you to know it was no picnic.

As angry as I am at the Mercenary Bastards both in the Government and on Wall Street I can not begin to imagine your anger toward me for my attempt to share what I had hoped would be helpful. I suppose humility is the best thought, to keep in mind when you assume to offer others help and unwanted advice. But I do feel Bill has asked anyone with an idea or opinion to state it.

In any case I stand accused of being something I can not even understand without going to a dictionary.

“What is simple to the exoteric financial thinkers is rubbish to us.”

I did manage to look up Esoteric – Meant for or understood by only a specific group.
And just now realize you said Exoteric so I went to the dictionary and found:
1. Suitable for or communicated to the general public.
2. Not belonging, limited, or pertaining to the inner or select circle as of disciples.
3. Popular, simple, commonplace.

Now I am confused as to whether you are saying the select group or not belonging to the inner circle…

Well lady, you have done me in, I am at a loss for words and I dare not guess what is meant by Exoteric.

I would like to take issue with the word “Rubbish” not that it may be to you but that rubbish is what all small investors who are successful have to learn. All knowledge is specific to its field of learning. The Law, Accounting, Music, all types of knowledge have a unique vocabulary and Wall Street is one. Yes! They use all sorts of words to confuse the public and like politicians can talk for hours without saying or revealing any thing of worth. So you learn it or put your money in a Bank.

People like you and I who are so angry should remember it is not us common folk who are at fault. You are correct in your assumption I have no right to offer a solution. But neither am I your enemy or the cause of your losses.

I have to emit I was surprised at how much I offended you without trying.

I fully agree that you are forced into the present system at no fault of your own and you have a right to be angry at having your money given to a bunch of swindlers and charlatans who need to be in jail.

You should not be punished for believing your Government is fair and has your interest at heart. But the fact is It does not and Bill Moyers:
• A World of Ideas : Conversations With Thoughtful Men and Women About American Life Today and the Ideas Shaping Our Future (1989), Doubleday, hardcover: ISBN 0385262787, paperback: ISBN 0385263465
• A World of Ideas II: Public Opinions from Private Citizens (1990), Doubleday, hardcover: ISBN 0385416644, paperback: ISBN 0385416652, 1994 Random House values edition: ISBN 0517114704
I do not remember which, book I or book II, has it but there is an explanation that states clearly that the Federal Government does not have your best interest at heart. The Federal Government that you and I deal with today cares only for the Corporations best interest. And as you have just seen will do anything to preserve it and the hell with you the taxpayers. I can’t change this either.

I just remembered that back then the Corporations were known as the NATIONAL INTEREST and the people were know as the special interest and translated that meant that we the people didn’t even get on the radar screen of Congress… Still Don’t.

Part One
As I stated in part two, I am trying to get this document entered in Bill Moyers weblog.

Folks, please separate the apology to Ms. Whitfill from my comments on the Market and if useful, please enjoy and use them for any benefit they give you.

Say it isn’t so… do you really mean you would not like an apology after I spent so many hours trying to explain myself and the Market?

I am sincerely invested in what I say about the Market and the present state of things. If I am right then maybe I help someone… if I am wrong or offensive I need to be shown another way and to learn from my mistakes.

So, Betsy Whitfill I will post my apology after I edit it from yesterday and hopefully find any mistakes or correct anything I feel different about.

I don’t mean to go against your will but I don’t want to waist my time and not use my paper to learn from others.

Ellison,
No need to apologize to me. We are all sharing views and perspectives. I should apologize to everyone for my many typos.
This mornings dental work was a bit exhausting!

To: Betsy Whitfill
From: Ellison Hunt

I realized when I said the “simple solution” is to let the Free Market work on the way down and seek its own level, I would be in trouble with a lot of people who are called small investors and this term is in no way derogatory or negative.

I am glad you disagreed with me. Maybe I can learn something from you so let’s see if I understand your point of view and what you want from the Stock Market.

I do not patronize you when I say; you should and have every right to speak of “the solution”. I have for 38 years thought that the man and woman on Main Street is every bit as smart as the people on Wall Street. I also am of the opinion that Women are better then men at investing as long as they do their homework and do not depend on men or women on Wall Street who have their on self interest as the motive for giving you advise.

I am not a broker and when you say our here in “the bush” let me share with you that I spent 20 years in what I call “the desert” unemployed and working temporary jobs on which I managed to survive. But it is not my background that is important; I mention it in
hopes that you at least might give me some credit for understanding the working people with actual jobs.

Lets move on to you next point. I have 29 entries to date on Bill Moyers Weblog and I frankly did not know who I was speaking to. I write because I feel compelled to and I offer my best thoughts and feelings on the present subject. Each day brings a new set of problems and if we are fortunate people with new solutions to those problems.

I want you to know that I personally have loved the Stock Market for 38 years and I have found nothing fairer in life until, deregulation began in earnest in the 1980’s and has continued until present day. Due to deregulation I have watched the Stock Market become more and more dangerous until I myself had to throw in the towel so to speak. When I began the buyer and seller stood on equal ground and the SEC was vigilant in watching for violations and punishing the wrong doers. This is not now the case.

“The rest of us” You speak of the rest of us and I am only interested in this group. I do not give one whit for the professional in Wall Street. It is the working class of which I was once a part that I care about. So what I say next may be taken as one man’s opinion.

I use to believe as you do that it was the Stock Market that would keep me even or maybe help me prosper. It did in fact keep me off the street through my finding good investments and giving them time to grow. But I now believe as you do the “Government Financial Wizards” have control over your 401-K’s and IRA’s and to a great extend over your pension plan. I can’t change that. I can tell you that I had to use my IRA’s and I got out of a Caterpillar 401-K gladly paying the penalties after finding out what I had gotten into. (A mess where I had little or no control over where my money would go.) When I had IRA’s I had to withdrawal my funds on several occasions and pay the income tax plus a 10% Tax penalty on top. I had to eat during those 20 years so every investment I made in the stock market that yielded a profit and all the IRA’s I contributed to over the preceding 15 years was used to keep me off the street and I want you to know it was no picnic.

As angry as I am at the Mercenary Bastards both in the Government and on Wall Street I can not begin to imagine your anger toward me for my attempt to share what I had hoped would be helpful. I suppose humility is the best thought, to keep in mind when you assume to offer others help and unwanted advice. But I do feel Bill has asked anyone with an idea or opinion to state it.

In any case I stand accused of being something I can not even understand without going to a dictionary.

“What is simple to the exoteric financial thinkers is rubbish to us.”

I did manage to look up Esoteric – Meant for or understood by only a specific group.
And just now realize you said Exoteric so I went to the dictionary and found:
1. Suitable for or communicated to the general public.
2. Not belonging, limited, or pertaining to the inner or select circle as of disciples.
3. Popular, simple, commonplace.

Now I am confused as to whether you are saying the select group or not belonging to the inner circle…

Well lady, you have done me in, I am at a loss for words and I dare not guess what is meant by Exoteric.

I would like to take issue with the word “Rubbish” not that it may be to you but that rubbish is what all small investors who are successful have to learn. All knowledge is specific to its field of learning. The Law, Accounting, Music, all types of knowledge have a unique vocabulary and Wall Street is one. Yes! They use all sorts of words to confuse the public and like politicians can talk for hours without saying or revealing any thing of worth. So you learn it or put your money in a Bank.

People like you and I who are so angry should remember it is not us common folk who are at fault. You are correct in your assumption I have no right to offer a solution. But neither am I your enemy or the cause of your losses.

I have to emit I was surprised at how much I offended you without trying.

I fully agree that you are forced into the present system at no fault of your own and you have a right to be angry at having your money given to a bunch of swindlers and charlatans who need to be in jail.

You should not be punished for believing your Government is fair and has your interest at heart. But the fact is It does not and Bill Moyers:
• A World of Ideas : Conversations With Thoughtful Men and Women About American Life Today and the Ideas Shaping Our Future (1989), Doubleday, hardcover: ISBN 0385262787, paperback: ISBN 0385263465
• A World of Ideas II: Public Opinions from Private Citizens (1990), Doubleday, hardcover: ISBN 0385416644, paperback: ISBN 0385416652, 1994 Random House values edition: ISBN 0517114704
I do not remember which, book I or book II, has it but there is an explanation that states clearly that the Federal Government does not have your best interest at heart. The Federal Government that you and I deal with today cares only for the Corporations best interest. And as you have just seen will do anything to preserve it and the hell with you the taxpayers. I can’t change this either.

I just remembered that back then the Corporations were known as the NATIONAL INTEREST and the people were know as the special interest and translated that meant that we the people didn’t even get on the radar screen of Congress… Still Don’t.

What a great Soros interview. The discussion is great too. Thanks All!

B

Dear Friends:
I read Galbraith when I was 16 years old (the Affluent Society; The new Industrial State). It was essential reading in my school not for the economics but like Churchill's History of the Second World War for good Enlish composition.
But what Soros expounds today is Galbraith's wisdom. The Americans should read Galbraith instead of listening to Paulson and gang.
But then Galbraith was considered a pinko.
What would you call Paulson, the Treasury boss of The United Socialist States of America.
Cheers!!!
j.

No matter what Betsy tells you my middle name is not Maitreya; It is Lee. I must admit though that I've wasted too much energy trying to conceal my benevolent nature and super-sized spiritual development. I remember the olden times when Arnold Swartzenegger had to wear a moo-moo to hide his attributes from groupies like Maria Shriver. I kind of share his problem lately, not in the abs and bi-ceps, but in the heart. I will be making a statement later, Halloween maybe. (Where can I get a good guru costume rental inexpensively in the Newark, N.J. area?)

John McCain missed a terrific opportunity last night to tout stocks in which to invest Social Security. Oldsters get a 5% raise on their checks this month and I know it is burning a hole in their purses. Hint: Henry, er I mean William, Ford may bring out that new Edsel in 2009. It's a chrome honey, runs like butta... and the gas price is falling.

The stacked deck and the house of cards.
As long as the cards are stacked against the poor and middle class; "the house of cards" will collapse with every gust of wind. It is the responsibility of government to regulate the banks and stock market to assure that there is a level playing field. Greed and monopoly are fatal flaws in any social organization. Greed and Monopoly assure that There is no justice or equity to assure a stable and fluid economy.

3 striks and I am out....

I tried three times to enter my appology.

All three are now in cyber space somewhere.

But, I only tried 2 days and tomorrow will make it 3 who knows..........

Very soon Maitreya will give an interview on a major US television show. He will not give his name as Maitreya, but will talk about humanity's common need for the basic necessities of life, about the need for sharing and justice to guarantee a future for the world. That interview will mark the beginning of his open, public work.

Wall Street Bluff & Federal Government Blinked 10/15/08

Week of October 06-07-08-09-10-2008 SM Fell 1,874 points

Monday 10/13/08 SM Up 1,040 points or 55% of last weeks decline

Tuesday 10/14/08
SM Up 936 points from low point of the day to high point of the day
874 points from close to high point of the day
535 points form open to high point of the day
SM Closed = lost of (77)
Date Open High Low Close Adj Close*
14-Oct-08 9,388.97 9,924.28 9,050.06 9,310.99 9,310.99

In two days the Stock Market recovered all the losses of the preceding week and added 102 points before deciding to take profits and not reveal the clues to the public of what is taking place on Wall Street.

This is what I think happened: Paulson the Top Man at Goldman Sachs Group resigns his position and takes the top job at the US Treasury. He and Wall Street know the Banks are in trouble and especially the “Investment Banks” of which he ran. They Paulson and Wall Street also know there is only so much time and the house of cards is going to fall.

The house of cards has now fallen and W.S. and the Banks both FDIC and Investment Banks have gone to the Federal Reserve and the US Treasury (were their friend now resides) with their “hats in there hands” but were unable to get the quick action they wanted.

What to do? Wall Street decided to drive down the market to the point it would panic Main Street and the Federal Reserve and the US Treasury and they would say I told you so to Congress.

After Congress and the Executive Branch agrees to pay… the Stock Market recovers in two days + 102 points. It is true that the taking of profits lowered the close of the day on the 14th so the Bluff would not be noticed by Main Street.

How can one man state such an outlandish scenario? I will give it my best shot. I said the other day that no money is lost in the market. If it were not so

and money was lost in the market… the money that came back into the market on Monday and Tuesday would not have been there to come in. The professionals who sold at the top keep their money for such occasions nicely called a “buying opportunity”.

You heard on the News all week that the small investor on Main Street was taking their money out of the Market and putting it in the Bank. So “that” money was not available to rally the market especially to the tune of 1,976 points.

That kind of move in two days requires Institutional Trading (Hedge Funds, Mutual Funds, Pension Funds, are the short list), the professional money manager who has Billions to Buy Long and SELL SHORT and the Computer programs to do so like an “angle dancing on the point of a needle” meaning they made money on the down side the Week of October the 6th and on the up side Monday and Tuesday and then on the down side today as the Market fell 773 points. Folks when you see trading on this scale, it is not the PANIC of the small investor who as a rule buys long and holds but of the professional who makes money going up and down and the actual point be it 10,000 or 5,000 doesn’t make a lot of difference as they will make money at both points.

When the small investor got burned big time in the Internet Bubble they all went running to the Mutual Funds as the Hedge Funds are unavailable to the Main Street investor.

This changed the Stock Market from an Investors Market to a Traders Market and that made massive swings possible and that made the bluff of Wall Street work as the News Media was once again Screaming CRASH and there was no real crash as if there had been it would have continued to fall. The professionals will not buy in or sell out, unless they can make money.

A note: the Wall Street News Media and the Main Street News Media always give reasons why the market moves up and down. Their jobs require them to fill time writing or talking and the fact is the motive of both Wall Street and Main street is to control the public. They are not your friends and they do not tell you the truth of what happens in this country while you are trying to make a good life for you and your family. Wall Street is in the pocket of the Rich and Main Street is in the pocket of the Federal

Government. If this was not so you would hear the truth of investigative reporting as we did in the 70’s.

It was a Manipulation of the Market by the Very Powerful People who run things by talking to each other and planning actions that will force the Federal Government to make the taxpayer to bail out the super rich and the only result I see is this:

We now have Banks loaning taxpayer money to taxpayers who will be required to pay interest on their own money and the Banks and Wall Street can make profits as usual. And today in the WSJ it was stated that the Banks were forced to take the money against their will…. Do you really believe they did not want the 25 Billion that our mean old government gave them?

When will the division between the citizens be closed? I simply do not feel like listing all the names it is enough to say until we as a people come together as citizens of America and work for the common good of the people and their families… our Government will take every opportunity to do what is good for business (that is a code word for the wealthy). We can not afford the wealthy as they have enslaved us and tied our hands through credit and a form of Governing that ignores the majority.

Our problems will not be solved by those now in charge because they have caused our problems.

Will we who are without power ever be granted the rights and opportunities under the Declaration of Independence, the Constitution, the Bill of Rights?

These documents are the Foundation of our Law and they stand against those who would enslave us. But with out enforcement of the law, the regulations, the will of the people, we have nothing but oppression through debt. Overwhelming everlasting debt. Our reward is materialism and consumerism and the empty feeling in our hearts that is the end result.

A few notes on the figures I found on Yahoo.com and in the WSJ.

The Hedge Funds had a hey day at the same time two of them were denying they were in the market in the WSJ 10/14/08

All Three Major Averages:

DJIA up 11%
S&PIA up 11%
NASDAQ up 11%

Point difference 834
Percent difference 55%

Low Point of the Market = 7,773.71

1976 points SM up Monday and Tuesday
1874 points SM down Week of 10/06
0102 points Difference

I will close by saying I do regret repeating myself so often on the Documents of Law and the needs of the People.

Breaking News...

Federal Reserve Chairman Ben Bernanke announced today that it will take time for things to work through the system, and that although, he is concerned, he is confident that markets will soon stablize. “Right now,” Bernanke told reporters, “it appears that pigs fly and ice cream has bones.”

Markets reacted quickly to Bernanke’s comments. In New York, shares of ice cream companies plumetted in brisk trading. While insisting that American ice cream was entirely boneless, several companies announced immediate recalls of most ice cream products. Meanwhile, in Chicago, pork belly futures spiked higher in anticipation of lower fuel costs due to the falling price of oil. Traders suggested that many hedge funds were bailing out of ice cream and moving heavily into pork in expectation that, later in the day, Treasury Secretary Paulson would announce a further bail-out package designed to buy up surplus pork barrels.

For the Soros loving Golden "dreamer". You wake up, some dreams are simply NIGHMARES.

So the market is to blame, that's like blaming the shopping mall for credit card abuse.

Who thinks there are ANY shoes worth OVER $50???? And if you find someone willing to CHARGE a $300 pair of shoe on a 24.5% credit card, is it the shopping mall or the plastic card that is to blame???

Anyone who thinks it's the mall or the card should vote for OBAMA.

I could not factor in racism, but I'm sure someone can, they should vote OBAMA too.

TO Linda and others on RACISM.........

You have a right to work and if you have children, you have a responsibility to work -- you have a right to have a family, you have a responsiblity to provide for them.

We have a lot of rights, and with EVERY ONE COMES RESPONSIBILITY.

EQUALITY, definately means some differnt to me than it does to Linda. I do not expect gov't or Democrats to make me white, or green or RICH.

Linda is a typical Democrat, to me. I could care less about EQUALITY for myself or LINDA - who sounds able bodied and sound minded albiet "bi-racial", as if that's an affliction.

I choose to care about those that have no voice and truely need EQUALITY but cannot, sometimes EVER achieve it -- the blind, mentally disabled, physically disabled, in need of a heart transplant, and simply CHILDREN in general.

I refuse to agree to assist those that will take a place in line before those listed above. I do not think Linda would either but

"Bi-racial", I am FULL RACIAL and sigmatized by my own family for going to college, working and achieving in spite of my BROWN SKIN.

I have lived my life seeing my own family's racism and descrimination.... and where it's gotten them - I would have been respected by my family if I have become pregnant in high school and dropped out!!!!!!! That is a fact, as everyone of my 7 other female cousins did just that, and they are considered "normal" by my family's standards.

It boils down to .... you cannot learn from someone else's mistake if you do not consider it a mistake.

I just went to yet another baby shower for an illegitamate child, my cousin's son (never knew his father) knocked up his 18 year girlfriend, her mother is 34 (do the math). All the mom-to-be's girlfriends have babies in carriers from one month to 5 months---THERE WERE 9 babies. None of these moms were married to the fathers (guess why not??) AND all were complaining about the cost of DIAPERS!!!!!

Word: if you cannot afford a condom, you cannot afford diapers and if you cannot afford diapers YOU CANNOT AFFORD A BABY.

I am BROWN, dark brown and when I look in the mirror I see a self respecting person that takes responsibility for my decisions in life.

My business is very slow this past couple weeks and I do not forsee it to ramp up until things stablize - sometime early next year I predict. So what does a FULL minority do, I go get a LIFE SCAN (complete electronic background check) so that I can volunteer with children in high risk situations.

I have never "canned" myself as a Minority. I strive to achieve not cry when things do not go my way for any reason.....

Was I not hired because I'm taller than the man-boss or because I'm brown??

Did I not get a second date because I'm more sucessful than my date or because I'm brown and he's whatever??

Did I get picked for cheerleading because I deserved it or because I'm attractive (a form of DESCRIMINATION - because someone more worthy was discounted due to not being as attactive)????

It does not matter to me why I am picked or passed over -- I call it descretion-ation a combo of descretion and descrimination -- heck even my dog discriminates.

What levels the playing field is when EVERY person does the best they can and decides to become a TEAM player.

Democrats want to take from the team and give to those that refuse to participate.

There are alot of reasons I consider myself a Republican, and as a full racial person (like that's some qualifier, Linda) I refuse to legitimize the race crap!

I do not agree with helping someone just because they are BROWN, BLACK, YELLOW - scratch the YELLOW - in my descretion-ation they work hard, put family first, instill motivation and respect BY EXAMPLE, so what's up with them????

You cannot GIVE someone help- you need to show them how to HELP THEMSELVES, besides I consider it degrading and disrespectbul to "GIVE" to an able bodied person.

Democrats promise all sorts of "aid" for the fully capible people that perpetuate their condition generation to generation.

Democrats DO NOT want EQUALITY, if they did they would have already acheived it.

Lastly, Democrats have alot of never crying RACE, where are the die-hard HILLARY supporters - they are DEAD to Hillary and for OBAMA - and I quote because the wanted to be "on the right side of history". Now what does THAT MEAN (rhetorical).

There is one condition we can all agree upon: "Things could be better."

What are some things we can begin to do today to improve the overall quality of life and our prospects?

Ellison,
No need to apologize to me. We are all sharing views and perspectives. I should apologize to everyone for my many typos.
This mornings dental work was a bit exhausting!

Let's see if I can get the second half of that 11:15 post square....

What happens to workers when they work in places exemplified by
this insanity?

Anyway, IMO the elixir in the madness of crowds is nothing but judgement.

A couple years ago I came across an interesting link pertaining to the madness of Western crowds. [at least Kierkegaard saw behavior in Denmark analogous to some in the Bible] Grady, it goes along with the "sadism" you mentioned today in the work place. Talk about dysfunctional. People are going to have to learn everything all over again. Everyone's been imitating John Galt. Trump. Social Darwinists. And on and on. But if anyone out there tried to get to the kernel of Kierkegaard...

"The Crowd is Untruth: a Comparison of Kierkegaard and Girard" by Charles K. Bellinger
http://www.religion-online.org/showarticle.asp?title=1775

Those at the top whom today others imitate, it appears, have basically restricted wealth to a degree that has enabled extraordinary obediance to the classic (in terms of Rene Girard's ideas) command from on high.

"In imitating our models, we may come to approach their
power and threaten their own position--in which case they
quickly become rivals who tell us not to imitate them." Marko A.

I don't mind saying...the madness of crowds is get'n to me. Socrates complained about it, and in that particular case he wasn't talking about the divine madness. I can't catch up on Maitreya. I'm too far behind in Sogyal's material. Later I hope. Re our situation, though, why should I pretend like everything's gonna be hunky dory? Maybe some of you saw that Chris Hedges link I put up. I'm not gonna pretend.

But...once again I will suggest an anthropological outlook other than Joseph Campbell's. Right here when I do this is usually where those sheltered lives come into play Jack Martin was talking about. When you examine the words of only those in-vogue you miss a lot, and it's probably true that a goodly number of the "correspondents" Jack alluded to (not here I wager, but everywhere else) are mainly exposed to ideas accepted as in-vogue by the meritocracy. He complained about their lack of mechanical, real world know-how, but I'll go beyond that.

I can't even believe Sandy's for real. Look at this land. Post Katrina, Mexicans did construction in New Orleans and slept 40 to a semi's parked in guarded compounds. Meat processing is insane. How do I know? From having read at OrionSociety dot org. How do I know? From having worked in "chicken place." Trust me, it's not like selling chicken. It's more like some of Arnold Blanch's art...the developmentally disabled with all kinds of cuts standing up waiting in line for Tylenol during their lunch break. What happens to workers' souls when they work in ">places like this? [there was also some apropos art in "Southern Exposure" in their chicken place series IIRC]

"The Crowd is Untruth: a Comparison of Kierkegaard and Girard" by Charles K. Bellinger
http://www.religion-online.org/showarticle.asp?title=1775

I see Linda agrees with me about Klein...or I agree with her. Can't find the guy again who said there came to be way too many brokers. That was a good one.

I see Linda agrees with me about Klein...or I agree with her. Can't find the guy again who said there came to be way too many brokers. That was a good one.

I see Linda agrees with me about Klein...or I agree with her. Can't find the guy again who said there came to be way too many brokers. That was a good one.

Posted by: Betsy Whitfill | October 13, 2008 6:30 PM

I wanted you to know I tried to post an apology to you today but the web site is not accepting it at present. I will try tomorrow.

Ellison

Posted by: Betsy Whitfill | October 13, 2008 6:30 PM

I wanted you to know I tried to post an apology to you today but the web site is not accepting it at present. I will try tomorrow.

Ellison

Posted by: Grady Lee Howard | October 14, 2008 3:00 PM

Thank you for your supportive comments. I would like to talk to Bill but it hasn’t happened for 40 years and probably won’t. He has been gracious enough here to give me a chance to share my thoughts on important subjects.