Re: Will it flush? will it not flush... that is the question.



On Mon, 26 Nov 2007, phil scott wrote:

On Nov 26, 11:33 am, Straydog <a...@xxxxxxxxx> wrote:
I saw an article about selling debt from approved bankruptcies at a
fraction of a penny per buck. And, there's a $billion market in this. And
the guys who are buying it (and puttting pressure on the people who have
the bankruptcy court cancelled debt) are going after these people and
there is a fraction that pay up rather than hire more lawyers to help
them stop this abuse. Just wait a few more years and there will be ID
theft which falsely puts debt on your name, then come after you to pay up
for the debt that you didn't create in the first place but the "hacker"
creation "sticks it to you."

That stuff below is not all that much different than stories I heard about
the Great Depression. Back then, you went to the bank and they offered
people a nickle on the dollar for their deposits. That seems to be
happening again, here, 75 years later only the details are a little
different. Today's WSJ has a front page article on recession fears. And,
its Big Time, too.

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big deleto


On the Net:http://www.hsbc.co.uk- Hide quoted text -

- Show quoted text -


these use the term 'recession' for a purpose... it connotes a
recoverable short term set back..an attempt to alay fear and panic...
when the underlying indicators are for something a whole hell of a lot
worse than the great depression.... then, we had a monopoly on world
manufacture as a gold mine from which to recover.. thats no longer the
case.

A lot of people don't like the idea that governments can raise money by debt limit increases, and a smaller number of people realize that banks raise money by something pretty close to magic (via "fractional reserve banking"), and an even smaller number of people exploit what I'll call "variable value 'X's" where X can be "stocks" "bonds" and all manner of weirdo "financial instruments" where, smoke and mirrors, fast-talking, "tricks" and "trends" and all manner of "mass psychology" and mixed in with various "favors" and "manipulations" and some outright fraud, monopolies, price-fixings, etc., ......and...poof...out of all that
some people get rich, and other people get poor, and still other people (like us) sit back and watch it all.

Ever wonder about that?


Phil scott




Phil Scott

.

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