Payback Time for President George W. Bush11/21/08
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No, it’s not President Bush doing the payback but the leaders who attended the G-20 conference held at Bush’s request in Washington, D.C. Note how the leaders of the 20 developed nations do not shake Bush’s hand as he walks through a reception line. Not that Bush even attempts to shake their ha...
Barack Obama as the Unlucky 44th President11/15/08
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Poor Barack Obama. He won his bid to be the 44th President of the United States. Congratulations to him, he fought a smart well managed campaign and deserved to win. However being the 44th President may well prove to be unlucky no matter how well Obama leads the nation.
Having lived in Taiwan and Ho...
2008 Craziest Ever Presidential Campaign11/03/08
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The following video captures in part just how wacky and at times truly crazy the American 2008 presidential campaign has been.
I should add that largely due to John McCain and his neo con friends it has also been the dirtiest low road campaign, probably in American history. With America falling into ...
Kerkorian Gives Up - Takes Huge Losses on Ford10/21/08
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Kirk Kerkorian gives up on Ford Motors, has huge losses on stock positions.
Famous investor, financier Kirk Kerkorian is pulling out of the stake he took in Ford Motor Co. just six months ago, selling 7.3 million shares at a fraction of his purchase price.
Kerkorian announced just last April that he...
World Leaders and the Financial Panic of 200810/12/08
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World leaders have had a busy weekend as they attempt to come up with a coordinated way to inject liquidity and a measure of confidence into the world financial system. The leaders seem to have their own financial panic of 2008 underway as they feel the need to quickly act and do something but don’...
California Needs $7 Billion Emergency Loan10/03/08
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California Gov. Schwarzenegger has written a letter to the US Treasury Secretary Hank Paulson stating the the State of California needs an emergency $7 billion dollar loan just to pay on going operating expenses such as teachers salaries, to maintain nursing homes, law enforcement and every other sta...
Wall Street Bailout Rage on Main Street09/27/08
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The $700 billion Wall Street and bank bailout proposed by President Bush, Treasury Secretary Hank Paulson, and Federal Reserve Bank Chairman Ben Bernanke, has generated a tremendous amount of rage on the main streets of America.
This has caused the offices of the members of congress to be flooded wit...
WMAIGUS Fed and Treasury Put Wall Street on Notice09/15/08
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The financial media and Wall Street insiders have already dubbed it “Black Sunday”, and with good reason.
After a full weekend of emergency meetings meeting between Federal Reserve, US Treasury, and financial industry big shots the fourth largest investment bank in America, the 158 year old Leh...
Fannie and Freddie to be Taken Over by Feds: Reports09/06/08
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After the usual BS assurances by federal officials and top management at the twins of doom that Freddie Mac and Fannie Mae had sufficient operating capital reports surfaced late Friday that the day of reckoning was near. Freddie and Fannie may be taken over by the Federal Government as soon as this w...
Extreme Challenges May Destroy Next President’s Agenda08/02/08
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When one looks at the enormity of the extreme challenges that the next President of the United States will face one has to question the sanity of John McCain and Barack Obama. It is highly likely that during the next term severe consequences will take place as a result of the misdeeds and misjudgeme...
Obama Change in Tactics May Prove Fatal07/31/08
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Barack Obama, once the darling can do no wrong presidential candidate of the media, seems to be on a slippery downward slope since his highly publicized foreign tour to the Mid East, Iraq, Afghanistan, and Europe.
“Barack Obama has long been his party’s presumptive nominee. Now he’s becoming ...
MBSFannie Mae and Freddie Mac Shares on Their Way to Zero07/22/08
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Fannie Mae and Freddie Mac made the giant crazy sized long running American real estate bubble all possible. Released by congress from capital-ratio requirements and backed with a line of credit at the Treasury, they were able to buy a nearly unlimited amount of mortgages, which kept home mortgage fi...
Jim Rogers on Fannie Mae Freddie Mac Bailout07/14/08
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The legendary investor, Jim Rogers, had a few hot words to say about the Fannie Mae - Freddie Mac rescue plan announced by Ben Bernanke and Hank Paulson over the weekend.
I dont know where these guys get the audacity to take our money, taxpayer money, and buy stock in Fannie Mae, said Jim Rogers...
Forex Market Implications of Fannie Mae and Freddie Mac07/12/08
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Growing fears on the part of stock investors and forex traders that mortgage backers Fannie Mae and Freddie Mac may collapse and have to be taken over by the US government contributed to a wild trading day in the US stock market and the forex market on Friday.
Fannie Mae and Freddie Mac shares have b...
End of Warren Buffet Era?06/22/08
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Warren Buffet is a skilled communicator in all aspects of life. Communication is the real key of leadership and has been key to Buffets long term success. Along with having the right investment strategy at the right time. However, in an age of rapid change and a restructuring of the world investment...
America Ill Prepared For High Energy Prices06/14/08
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Energy prices are continuing to increase as the global demand for fossil fuels increases and our limited refining capacity is regularly disrupted by hurricanes and flooding. A major part of Americas current predicament is that America has not taken energy conservation seriously and has not planned a...
Prime Minister Putin Boom Times in Russia06/05/08
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The Russian economy under Putin is characterized as a transition economy since the fall of the socialist system in the beginning of the 1990s.
In principle the Russian economy is a market economy adhering to the basic freedom of enterprise and market based pricing mechanisms but the characterizatio...
Bernanke Rings the Forex Market Bell06/04/08
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The Chairman of the US Federal Reserve Bank, Ben Bernanke, rings the forex market bell at a speech he made yesterday by satellite TV to an economic conference in Barcelona Spain. Helicopter Ben finally spoke out about the sad condition of the US Dollar and said the following:
In collaboration with o...
America Motoring to Disaster05/28/08
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America has been motoring towards disaster ever since its economy was structured around the automobile and cheap energy supplies. Now that energy is no longer cheap disaster is imminent. Like the airlines, the American business and lifestyle model is broken with oil above $125 a barrel and probably ...
Mortgage Housing Economic Crisis to Get Worse05/22/08
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Those investors who think that the worse of the mortgage, housing, and economic crisis are already behind us should considwer the following report.
According to a new report from the Office of Federal Housing Enterprise Oversight the prices of homes sold in the first quarter of 2008 posted a record d...
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