All Forum Posts by: Lee Common

In my opinion the severity of the commercial & jumbo loan market collapse, how it is percieved and handled will be the single largest factor in determing how soon we see the "intrisic values".

Either way we look at it I think we are all in agreement that times are going to get far worse before any lasting forward progress is made.

This is the best damn site!

Why don't we get together start our own CC company run it as it should be ran and treat people fairly with reasonable limits & interest rates?

Would anyone be interested in at the very least looking into something like that?

The way I see it we would own the company lend ourselves money and make profits on both ends!

Let's just kick it around!

I've seent that video to petty much every contact I have from Exec's at banks to my blue collar buddies.

Everyone agree's Fred has the answers!

Looking forward to it Tim, just let me know when.

Best,

Palmettos might be good too they grow relitivly quickly are hardy & easy to move.

Thanks Brooke,

Don't forget the matching handbag!

Best,

Mark,

What an insightful video I'm so glad I watched it. I can't wait to get my refund so I can blow it on frivolous spending in order to save our economy!

In Fiscal Year 2006, the U.S. government operated with $2.407 trillion in revenue. The U.S. FY 2008 Budget for FY 2008, prepared by the Office of Management and Budget (OMB), forecasts revenue to grow to $3.307 trillion by 2012.

Us National Debt $10,621,692,718,504.15

The estimated population of the United States is 305,448,546
so each citizen's share of this debt is $34,774.08.

The National Debt has continued to increase an average of
$3.42 billion per day since September 28, 2007!

By the end of 2007, the value of foreign-owned assets in the United States had surpassed $20 trillion. . .

The U.S. net international investment position at yearend 2007 was
-$2,441.8 billion (preliminary), as the value of foreign investments in the
United States continued to exceed the value of U.S. investments abroad (table
1). At yearend 2006, the U.S. net international investment position was
-$2,225.8 billion (revised).

The -$216.0 billion change in the U.S. net investment position from
yearend 2006 to yearend 2007 reflected net foreign acquisitions of financial
assets in the United States that substantially exceeded net U.S. acquisitions
of financial assets abroad. The impact of this disparity was partly offset by
large exchange-rate changes resulting from strong appreciation of most major
foreign currencies against the U.S. dollar, which raised the dollar value of
U.S.-owned assets abroad, and by price appreciation of U.S.-held foreign stocks
that surpassed by a large amount the price appreciation of foreign-held U.S.
stocks.

For the full article visit;

http://www.bea.gov/newsreleases/international/intinv/intinvnewsrelease.htm

Would you loan money to an entity that can legally print as much money as it desires? When you "purchase" a U.S Treasury bill, note, or bond, you are loaning money to the federal government – which possesses that ever-menacing printing press. Of course, the federal government is duty-bound to repay you, the lender, as prescribed by the debt obligation.

full article;

http://www.lewrockwell.com/englund/englund18.html

Matt,

I think I'm going to have to agree with you on that!

Best,

One of those that blindly subscribe to the idea that Obama is going to fix everything.

Josh

I think that's part of the problem he does not have to worry we do!

So far from my (limited perspective) it seems that much of what has been spent was not spent in the way it was intended.

There has been horrible accounting as to where exactly the money has gone & I do not expect that to change.

In my opinion we are simply debting ourselves into a greater problem. I'm just not seeing his stimulus package turning the tide of this ressession, but hey this is not about what I think its about how everyone else here on BP feels!