Be prepared: Wall Street advisor recommends guns, ammo for protection in collapse

2seaoat wrote:a bug out bag....you cannot make this stuff up.  Last time I looked the deficit is dropping like a rock......but why bother with facts.

Markle wrote:

2seaoat wrote:a bug out bag....you cannot make this stuff up.  Last time I looked the deficit is dropping like a rock......but why bother with facts.

And the DEBT is soaring like a rocket.

But why bother with facts?

2seaoat wrote:There is only one way to attack America's debt, and it must start with raising revenues and cutting expenses to allow for balanced budgets.   We have cut our deficit in half since President Obama has been in office.......it will take many years to pay for the imbalanced budgets of those who came before him.

Floridatexan wrote:Too bad that "top financial adviser" didn't warn against the recession caused directly by Wall Street greed.  That would have been a warning.  This is just to scare people.

Floridatexan wrote:Too bad that "top financial adviser" didn't warn against the recession caused directly by Wall Street greed.  That would have been a warning.  This is just to scare people.

2seaoat wrote:There is only one way to attack America's debt, and it must start with raising revenues and cutting expenses to allow for balanced budgets.   We have cut our deficit in half since President Obama has been in office.......it will take many years to pay for the imbalanced budgets of those who came before him.

2seaoat wrote:You must be so proud!

I am certainly partially responsible because I believed in trickle down and voted for Ronald Reagan, Bush, Dole, Bush and I was a supporter of our war in Iraq.   Yep, my mistakes and the mistakes of other formally fiscal conservatives caused this problem when we quit collecting revenues from our top 1% and started spending money like a drunken sailor.   President Obama is not responsible for the debt.  He is part of the solution as real contraction in government and increasing revenues will start to reverse this thirty year mistake.

TEOTWAWKI wrote:Here's my man !

2seaoat wrote:If you were stupid then what makes you think you aren't still stupid ?


I was blind with greed and was getting my trickle down.  I was not stupid, just selfish and greedy and could care less about my fellow man.   The big guy has wised me up and I will forever be thankful that in my wisdom I can recognize how wrong I was.   I am much smarter today than anytime in my life.  Mistakes have a way of educating a person.

2seaoat wrote:You must be so proud!

I am certainly partially responsible because I believed in trickle down and voted for Ronald Reagan, Bush, Dole, Bush and I was a supporter of our war in Iraq.   Yep, my mistakes and the mistakes of other formally fiscal conservatives caused this problem when we quit collecting revenues from our top 1% and started spending money like a drunken sailor.   President Obama is not responsible for the debt.  He is part of the solution as real contraction in government and increasing revenues will start to reverse this thirty year mistake.

2seaoat wrote:If you were stupid then what makes you think you aren't still stupid ?


I was blind with greed and was getting my trickle down.  I was not stupid, just selfish and greedy and could care less about my fellow man.   The big guy has wised me up and I will forever be thankful that in my wisdom I can recognize how wrong I was.   I am much smarter today than anytime in my life.  Mistakes have a way of educating a person.

Dreamsglore wrote:

2seaoat wrote:If you were stupid then what makes you think you aren't still stupid ?


I was blind with greed and was getting my trickle down.  I was not stupid, just selfish and greedy and could care less about my fellow man.   The big guy has wised me up and I will forever be thankful that in my wisdom I can recognize how wrong I was.   I am much smarter today than anytime in my life.  Mistakes have a way of educating a person.

The big man wised you up,eh? Could it be you're facing your mortality and that was what happened? Do you still think you would be selfish and greedy if not for that?

Markle wrote:

Floridatexan wrote:Too bad that "top financial adviser" didn't warn against the recession caused directly by Wall Street greed.  That would have been a warning.  This is just to scare people.

You obviously have forgotten or believe others have forgotten.


Democrats actions leading to Mortgage Collapse B.B.
From New York Times
Fannie Mae Eases Credit To Aid Mortgage Lending
http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html


From Bloomberg News
How the Democrats Created the Financial Crisis
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=columnist_hassett&sid=aSKSoiNbnQY0


The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs, ie Fannie, Freddie etc.)
http://georgewbush-whitehouse.archives.gov/news/releases/2008/09/20080919-15.html


Timeline shows Bush, McCain warning Democrats of Financial Crisis; Meltdown
https://www.youtube.com/watch?v=cMnSp4qEXNM&feature=related


The Wall Street Journal Barney’s Rubble
http://online.wsj.com/news/articles/SB122161010874845645


Mashup of Maxine Waters & Barney Frank - Then Vs. Now
http://www.liveleak.com/view?i=275_1235196320

 

The Bet That Blew Up Wall Street
Steve Kroft On Credit Default Swaps And Their Central Role In The Unfolding Economic Crisis
http://www.cbsnews.com/news/the-bet-that-blew-up-wall-street/

BUSH MINORITY HOMEOWNERSHIP PLAN RESTS HEAVILY ON FANNIE AND FREDDIE

When President Bush announced his Minority Homeownership plans last week in Atlanta, his top priorities were new federal programs: a $2.4 billion tax credit to facilitate home purchases by lower-income first-time buyers, and a $200 million national downpayment grant fund.

But none of the new federal programs--if passed by Congress--will come even close to achieving the 5.5 million-household increase in minority homeownership the President set as his target.

Instead, most of the heavy lifting was assigned to two mortgage market players that have sometimes come under fire from Bush administration officials and Congressional Republicans: Fannie Mae and Freddie Mac .

And let me talk about some of the progress which we have made to date, as an example for others to follow. First of all, government sponsored corporations that help create our mortgage system -- I introduced two of the leaders here today -- they call those people Fannie May and Freddie Mac, as well as the federal home loan banks, will increase their commitment to minority markets by more than $440 billion. (Applause.) I want to thank Leland and Franklin for that commitment. It's a commitment that conforms to their charters, as well, and also conforms to their hearts.

This means they will purchase more loans made by banks after Americans, Hispanics and other minorities, which will encourage homeownership. Freddie Mac will launch 25 initiatives to eliminate homeownership barriers. Under one of these, consumers with poor credit will be able to get a mortgage with an interest rate that automatically goes down after a period of consistent payments. (Applause.)

Fannie Mae will establish 100 partnerships with faith-based organizations that will provide home buyer education and help increase homeownership for their congregations. I love the partnership. (Applause.)

2seaoat wrote:You must be so proud!

I am certainly partially responsible because I believed in trickle down and voted for Ronald Reagan, Bush, Dole, Bush and I was a supporter of our war in Iraq.   Yep, my mistakes and the mistakes of other formally fiscal conservatives caused this problem when we quit collecting revenues from our top 1% and started spending money like a drunken sailor.   President Obama is not responsible for the debt.  He is part of the solution as real contraction in government and increasing revenues will start to reverse this thirty year mistake.[/quote


When did we do that SO?