ABI: Pesonal Bankruptcy Filings Decline in November
Submitted by
CalculatedRisk on Wed, 12/02/2009 - 8:06am (146 comments)
in
Shopping at Amazon?
Wait! If you click on the Amazon banner link at the top of the page first, HCN will get a percentage of anything you purchase for 24 hours!
Open predictions
Our local book authors
User login
Who's online
There are currently 2 members and 134 guests online.
Currently online
Recent Recommendations
The last Canadian bankruptcy statistics were up 47% YOY. You guys have some serious catching up to do...
OT
Cinco-X (profile) wrote (in reply to...) on Wed, 12/2/2009 - 11:04 am
I think it's a "lifestyle" thing, and you shouldn't base your subjective judgment or success or failure based on their income. Living a healthy rural lifestyle and homeschooling your kids could be, by itself considered a success
BLASPHEMY! How does this benefit Wall Street or Main Street, or their joint attempts to prop up a culture based on debt-driven consumption? Won't someone think of the rentiers and executive bonus pools?
Wonder how many more there will be when extended UE benefits run out.
Bankcruptcy and jingle mail offer the highest and surest returns for many.
Bankers Win!
Angry - It's just good business sense. Common people are behaving far more like perfectly rational economic agents now.
does anybody know if personal BK numbers are seasonally affected by Christmas?
in other words, what "normally" happens the months of November/December?
someone here (dryfly?) often discusses how many businesses try to hold out until after xmas to see if they can "make it", and if they can't they shut up shop shortly afterwards.
do regular folk do the same thing? hold out for BK until after the holidays?
"A major sticking point in Congress involves companies that use derivatives to hedge against risk. Some lawmakers want to exempt the so-called "end users" from new requirements in the overhaul legislation"
End users ? GS ? Oh yeah!
Warning on U.S. Muni Market Threat
Via: Financial Times:
States need to consider permanent budgetary changes to close ballooning deficits or risk “significant cracks” in the municipal bond market, the lieutenant governor of New York said on Monday.
Richard Ravitch said New York and other states had historically relied on temporary measures to balance budgets in downturns as a bridge to recovery, a strategy that was unsustainable.
“If nothing changes, you will see significant cracks in the $3,000bn [municipal bond] market,” said Mr Ravitch, a long-time fixture in New York public office who served as an adviser to the governor during New York City’s financial crisis in the 1970s. He is now devising a four-year financial plan for New York state.
The US recession has sapped state tax receipts, with revenue falling for four consecutive quarters, says the Nelson A Rockefeller Institute of Government, a research group. That has left states grappling with budget shortfalls projected to reach $350bn in the fiscal years 2010 and 2011, according to the Center on Budget and Policy Priorities.
BTW: I think we need a BK moratorium.
Let's check with the Institute of Ruptcy, too.
What is the source for business BK filings, is it the same outfit or another?
edit: CR: "Pesonal" needs an edut!
Yearning to Learn wrote:
Difficult to file over Thanksgiving when courts are closed.
Lobbyist Ben Dover wrote:
I wonder how many more there would have been if they hadn't made all of those legislative changes.
I actually think foreclosures, jingle mailers and squatters are mitagating the number of personal bankruptcy filings. Even if you are marginally employed, when you stop paying the mortgage or switch to an affordable rent the other bills suddenly become manageable.
Foreclosures remain the big story imo.
Let's check with the Institute of Ruptcy, too.
ROFL. I've always wondered why it wasn't "Bankrupture" as opposed to "Bankruptcy"
regardless, I wonder how long it will take Joe 6 to realize that it might just be bankrapture.
Yearning to Learn wrote:
No such effect is visible on CR's chart--4Q doesn't appear to be consistently out of trend in either direction.
Ben: Sometimes you gotta say "What the Fuck", make your move. Tim, every now and then, saying "What the Fuck", brings freedom. Freedom brings opportunity, opportunity makes your future. So Congress is going out of town. You got the place all to yourself.
Tim: Yeah.
Ben: What the fuck.
Geithner sees case for some derivatives exemptions
| Reuters
I remember looking at some of the large layoffs, and thinking that UE would end around Jan 2010 for many of the larger layoffs earlier this year.
I might be off on the timing, but probably not so far that it matters much.
Is there a chart of UE expiring?
Bankrapture: Thousands of naked shorts rising into the economic stratosphere.
I would imagine losing a home isn't a bankruptcy triggering event unless there are other assets that can be pursued. A lot of assets are shielded like 401ks.
noob goldberg wrote:
The Bankruptcy Act of 2005 is a disadvantage for us.
Actually, there appears to be a pattern since the change in BK laws where the 2nd quarter increase is the largest in any given year, and the 4th quarter the smallest...need more data though - more data!
No such effect is visible on CR's chart--4Q doesn't appear to be consistently out of trend in either direction.
there's a catch though:
Q4 includes October, November and December.
so it is possible in theory that October tends to be a high month of personal BK as people try to get it out of the way before holidays. and then January big again for those who "couldn't make it" after they held out over the holidays.
this would cause a rise in BK in October, a lower number in Nov/Dec, and a higher number in Jan again... which might be smoothed out when you lump O/N/D together and J/F/M together.
that's why I asked, to find out if there is seasonally a decrease between Oct and Nov or not.
so what % of the american population has been foreclosed, jingle mailer, underwater, unemployed, and/or BK over the last 2 years? If over 10% are unemployed, I'm guessing that the cumulative level of financial distress might be in the 20-30% range.
Comrade Kristina (profile) wrote :
Stick with the 9mm nova, you only get six shots with a 44 Mag
And often only the first one is accurate, unless you've already developed a "flinch" from experiencing the recoil, in which case none of them are. Dirty Harry could handle the .44Mag, but not everyone can. It's a beast, and probably a bit too heavy for some as well. The Colt .44 Mag Python is a beautiful however.
rb wrote:
Indeed, and it also makes statistical analysis much more difficult, and emerging trends and correlations much more unreliable.
The bankruptcy process is now a royal pain in the @ss. In many cases, mortgage default is relatively painless in comparison.
If you are way under water on an unaffordable mortgage, walking away gives you way more bang for the default.
Speaking of guns
:
Good character? Ha! I thought folks were supposed to be honest on those forms.
Youtube theme music for the topic: If We Make It Through December
Thus the 2005 reform set the stage for an increase in mortgage defaults by making bankruptcy less readily available.
We estimate that the reform caused about 800,000 additional mortgage defaults and 250,000 additional foreclosures to occur in each of the past several years – thus contributing to the severity of the financial crisis (Li, White, and Zhu 2009; Li and White 2009).
Did U.S. Bankruptcy Laws Exacerbate the Housing Crisis?
technically true, but remember that there is quite the distribution problem with 401ks. in other words: the average joe doesn't hold them. (I'm guess that a lot of personal BKs are by average joes)
The median account balance for ALL 401(k) participants (based on a sample of six million plan participants in the database of 24 million) was a mere $12,655 at the end of 2008.
Of people who consistently held a 401(k) from 2003 to 2008 the average balance for those folks exceeded $80,000, but the median 401(k) account balance was only $43,700
so it looks like 401ks are much like stocks. Everybody owns a little. but most own only a very little while a few own a lot.
in this case, I'm guessing those going through BK are on the lower side of 401k ownership.
this also correlates to my personal observation: many of these people are draining their 401ks before going BK, for many many reasons. That's just a personal observation though and nowhere near science.
EDIT: oops sorry. source: Investment Company Institute and BusinessWeek
What's a More Typical 401(k) Balance: $12K or $86K? - BusinessWeek
and
http://bx.businessweek.com/retirement-strategies/view?url=http%3A%2F%2Fici.org%2Fpdf%2Fper15-02.pdf
A friend of mine bought a Desert Eagle .50 hand cannon a few years ago.
He is all of 5' 1" and about 150 lbs.
It was kinda amusing watching him shoot it at the range.
Good luck on using that "weapon" for any sort of defensive scenario.
Now a .380 Colt Pony makes a nice little carry piece.
Even fits in the front pocket of your jeans.
Sorry. I know this is OT but I feel with the holidays coming that GS deserves recognition...
Christopher – Goldman Sachs Man
Returning from the gym I was in a sour state of mind. Walking back to my brownstone I almost wished some beggar would give me a hard time so I could shoot him in self-defense. I nodded at the doorman, Ricardo, as I entered. I thought “Damn. Going to have to remember to tip him. Useless prick just stands there all day and does nothing. Then he expects me to drop a grand on him for the privilege. No wonder the country was going to hell.”
I dropped my overcoat on the floor for Anna to pick up. I had called ahead, and hopefully that stupid bitch would have my protein shake waiting for me this time. One of the biggest things people at work complained about was the quality of our hired help. There was the nationality theory of hiring, which pretty much everyone subscribed to without spelling it out. Never hire blacks as domestics. It never worked, and they were number one in coming up for reasons to ask for advances. Somebody sick. Somebody in jail. Jeebus, always a hand out. Plus, deep down, could you really trust them?
Someone from the UK was the best but tough to find. Mormons produced the best au pairs. I was toying with the idea of a Ukrainian personal assistant. Logistics would be a problem there though. Latin’s were a dime a dozen. I had one of them, and she was waiting for me. I knew she wanted something. I attacked first. “Anna, look I am sorry about forgetting your paycheck. We were busy in the Hamptons.”
“It’s not that Mr. Weissteufel. My daughter is sick. I need an advance to pay for her subscription.”
“Anna.” I really didn’t need this I thought “How much?”
“$35.00” She said. I enjoyed the quiver of fear in her voice.
I reached for my wallet. “Okay Anna. But you owe me $45.00 back on payday and I want another one of your massages…” Here I lowered my voice “When Tiffany isn’t home.” She nodded miserably.
Yearning to Learn wrote:
Not me - I know nuthin' 'bout retail - think it was Dawg watching that one.
nova... more
-en prose!
nova wrote:
I feel the same way about investment bankers.
Finally, a guy that makes pay day lenders look good.
Why go through a bankruptcy at all? To protect your assets? There aren't any assets. And forced into BK? Who are we kidding? That's not part of the extend and pretend policy. Millions are content to stay under the judicial radar and lets face it the judicial branch is not able to handle the load anyway.
Welcome to shadow world. Shadow inventory, shadow bankruptcies, shadow government.
thanks dry.
I don't mind crediting you with all the smart things that someone has said.
from one Minnesotan to another!
in fact, didn't you once say:
"A man who has committed a mistake and doesn't correct it, is committing another mistake."
and
"Knowledge is recognizing what you do know, and more importantly realizing what you don't know".
oh wait, that was Confucius .
Lobbyist Ben Dover wrote:
Do you really think they will ever let that happen? The lid comes off if they do.
I find Railfax fascinating. But I can never remember if shipments of raw materials are a current, leading, or lagging indicator.
In any event, the forestry and mining columns are particularly interesting. And I can't--for the life of me--explain grain, except that perhaps the delayed harvest pushed a bunch of shipments back into November/December that would have normally gone out a month or six weeks earlier. I've seen no dramatic demand upticks for grain that would warrant the improved shipment data. I have no explanation for increased food shipments without a breakdown in what constitutes 'food'.
Railfax Report - North American Rail Freight Traffic Carloading Report
For the Minnesotans:
AIG’s ‘Tainted Brand’ in U.K. Hurts Life Insurer Unit (Update1) - Bloomberg.com
:schadenfreude:
One method of resistance to feudal bankers would be to contact municipal/local authorities and demand they refuse to do business with Goldman, JPM and so forth.
Got some Ole & Lena for ya badger - but will have to be later [after the kids go to bed].
Nova, you have the makings of a John Grisham novel there, or are you JG?
On Grain.
Every night I watch a long freight go buy. I saw the longest one in my life last week. It was almost all grain cars. At least 70 plus. Last night was 80% grain also. From the logo's it looked like it was coming out of Nebraska.
Who will be the media's Fall Guy when the time comes? We know the charade must, eventually, end...
... POTUS Obama?
... Osama Bin Laden and al Qaeda?
... Goldman Sachs and Wall-Street?
... The Antichrist?
... Extraterrestrials?
... ????
Enquiring minds want to know. You know the human mind needs a scapegoat.
"I would imagine losing a home isn't a bankruptcy triggering event unless there are other assets that can be pursued. A lot of assets are shielded like 401ks."
A lot of people in recourse states file BK when they give up the home, just to make sure the lender never goes after them for the deficiency.
Maryann,
No. thanks, but I am no one. Just struck by inspiration this morning.
nova wrote:
Unit trains running east & west frequently bulk up on either grain or coal.
There was a story in the Madison, WI, paper saying that there is a lot of corn coming in now. The corn dryers can't keep up, and I guess there is a propane shortage in the midwest because of it.
"One method of resistance to feudal bankers would be to contact municipal/local authorities and demand they refuse to do business with Goldman, JPM and so forth."
I saw that story about AIG. It is along the lines of what I have been advocating to my friends and family - don't bank at BAC, Citi, WFC, etc, don't buy GM or Chrysler vehicles, don't buy insurance from AIG, etc.
But contacting local and municipal authorities is a good twist as well.
January bankruptcies should spike, after people max out credit cards for one last good Christmas.
nova wrote:
Corn was very delayed for almost two months, but a few weeks of decent weather allowed the harvest to catch up quickly. So they're probably trying to move a bunch into larger storage facilities to make more space in local ones as they're flooded with product, would be my guess. But I'm not certain; I haven't talked to any farmers/traders in Iowa or Nebraska recently.
EDIT: Beaten by the badger.
finally gave it up with AMZN........covered the remaining shares. VERY expensive lesson in defying logic and any sense of reason. All my fault though....no one else to blame.
That stock is going to 200 IMO.
Ciao
MS
You wouldn't know it on my street. Many Chapter 13s with 2 falling out and thy will reapply a second time. The only people not filing or already foreclosed are those already retired, the 2 cops, and the fireman. The guy and his wife who both work for the county finally filed in Aug apparently.
badger wrote:
The grain is really damp too - wet fall. I drive around at night and you can see the driers going 24X7 - steam pouring out into the lit up night sky at farmstead after farmstead. With the warm temps they have to dry it down fast or it will mold.
dryfly wrote:
Jeez, Cripes almighty. We dun had a gud Ole & Clem fest here in ages dontcha know?
I get to tell the barn and manure joke.
The Oregon Economics Blog: Rail Traffic Indicator
Apologize if this was posted before but it seems some in the MSM are finally getting the message. I mean, John Stossel opining on the FHA?
John Stossel : Stop Insuring Mortgages - Townhall.com
sorry bout cutting off yer name oob.
HomeGnome wrote:
I hope it has a good safety lock, and that it is used consistently. Precious stuff down there.
dum luk wrote:
Hehe, no worries, and thanks for that link!
noob goldberg wrote:
One word: export.
shill wrote:
For those of you not keeping score, the Federal deficit is on target to hit $3 trillion over the next two years. The Medicare Trust Fund shortfall is estimated at $12.4 billion.
While states often use accounting tricks, they haven't run up anything like the Federal debt or deficit. The entire municipal bond market is less than the loss in real estate market value.
In 33 minutes, Obama said not one word addressed directly to the people of NATO countries, especially the people in the UK who have spent and lost the most of any ally. No thanks, encouragement, or empathy. All he said to them was: "We expect you to send more troops."
I didnt' hear him acknowledge the value of any soldiers' lives, other than U.S. soldiers.
He spent five minutes talking directly to the people of Afghanistan and Pakistan, many of whom don't even support what we're doing.
Global audience. Big mistake.
Mr. Obama, you're no Winston Churchill.
badger wrote:
Due to the wet september/october, harvesting has been pushed back and squeezed into a tighter time frame.
I see what you mean--it's pretty small, though, maybe 3% or so.
That is what I have HG...
some investor guy wrote:
But municipal debt cannot be be papered over. The check bounces and all hell breaks loose.
Kristina<
The Colt Pony?
or the D.E. .50?
Colt Pony Review
rich (profile) wrote on Wed, 12/2/2009 - 11:57 am
No thanks, encouragement, or empathy. All he said to them was: "We expect you to send more troops."
I didnt' hear him acknowledge the value of any soldiers' lives, other than U.S. soldiers.
He represents a different stage of civilization, right around the final days of universal empire.
I have a
If you think the US is leaving Afghanistan by 2011; I have a bridge I'd like to sell you.
It's in Brooklyn.
Kristina<
.
I love my
HomeGnome wrote:
Ahhh yes. The "backup" of choice.
Why go through a bankruptcy at all? To protect your assets?
$100K in credit card debt, no chance of paying it off, less than state homestead exemption on home/car/whatever equity, why wouldn't you file bk? Better than letting the harrassing calls from creditors eat you alive. Creditors leave you alone, debt gets discharged, and you start over - with your house still intact. AND you can't (easily) rack up the cc debt again because no creditor will trust you (assuming there's any sanity in the market, which may not be the case).
And then you eat dirt sandwiches for a while.
I assume this is how it works. Am I missing something?
When
s back up, you'd better have a towel handy...
A Capital idea:
Lewis: Somebody's got to pay for this mess - The Denver Post
Rob Dawg wrote:
I don't disagree. I'm just curious what food is being exported. Protein (meat), Processed, Perishable, etc...
Rail anecdote: in October and the 1st half of November the Union Pacific by my house was going nuts: 8x a day, long trains(10 minutes) of auto carriers, dry hoppers, ethanol tanks, plywood & construction materials. 2nd half of November it slowed down and lengths drastically shortened to car carriers & ethanol. Currently, maybe 2 a day.
water in the form of grain
"AND you can't (easily) rack up the cc debt again because no creditor will trust you (assuming there's any sanity in the market, which may not be the case)."
credit card companies salivate over people who just went bk. You're not allowed to file for another 7 years and you've shown a propensity to use credit. These are some of their best customers: CC companies make massive fees off them
Mr. Obama, you're no Winston Churchill.
Correct me if I'm wrong, but Churchill was an officer in the army. That gave him experience in war matters.
Is there a U.S. candidate potential (2012) who has been in the military? It might help their understanding of world affairs.
A member of my family filed BK a few years ago.
Discharged 120K in credit card debt.
There were two "pre-approved" credit card offers in his mailbox when he got home.
ghostfaceinvestah wrote:
how about not buying from company's that are clients of Goldman Sachs? GEICO comes to mind but I am sure that there are others.
These are some of their best customers
Well, that's why I'm pretty sure I was switched at birth and belong on another planet.
Because in my worldview, being dumped on once only leads to a greater propensity of being dumped on again. Not to mention they'll probably never recoup your first debt. Good luck getting them to pay a new one.
But, that's just me.
I just read the PE thread. A great opportunity to discuss Earnings and valuations was obscured by the savages chanting around the barbarous.
Everyone who wants gold here has it. We know the futures markets are manipulated by looking into COT numbers. We know the ETFs are there to divert demand for physical into demand for electrons. We know about global monetization of debt and QE. We know about HSBC, the gold banker, secreting away truckloads saying storing gold is not profitable. We know our central bank suppresses the historical global currency (Au) by the papers the bankers themselves wrote. Can we stop talking about it now. Gold talk is becoming an obfuscatory tool in the media and a sideshow. We know the price is manipulated down. That makes it a good deal. Buy it, bury it and stop talking about it.
There are other things to talk about.
Let's make a pledge to not talk about it again until it cracks $2000 or $900 and to browbeat and invent derogatory monikers for those who unduly intone their adoration
What a weird morning. We had snow in the DFW area. Nothing sticking, but biggest snowflakes I have ever seen. This coming from someone who spent winters in Alaska and Germany. Huge lattice like snowflakes. Kids loved it. Well I have been oblivious of the world around me for the last few days. How are things going? Some more mood music.
Long December
poic wrote:
They wouldn't do that, would they? I mean, those credit card companies just said that they needed the flexibility to charge whatever interest rate they wanted because they're offering uncollateralized debt and they need to manage their risk. They wouldn't be intentionally offering credit to very high risk clients if they were worried about overall risk, then would they? That'd be irrational.
noob goldberg wrote:
Probably beans & bean meal mostly - lots of that exported. Wheat too. Not so much corn anymore.
some investor guy wrote:
not sure why that has any bearing on the municipal market or for those who have invested in municipal debt? I think tax payers are going to revolt about paying more taxes particularly to fund the pension benefits of municipal government employees. I can't see the unions representing those workers voluntarily agreeing to take pay cuts. My guess is that for municipalities to renegotiate their union contracts they are going to have to file of bankruptcy. I think the GM precedent has shown unions that they don't have to fear bankruptcy as much. It will be the debt holders as in the case of the GM who will end up getting the biggest shaft.
ResistanceIsFeudal wrote:
Hmmm....sucks not havin' GWB to kick around, huh?
Is there a U.S. candidate potential (2012) who has been in the military? It might help their understanding of world affairs.
The only guy I can think of is Jim Webb, but, as a Democrat, he won't oppose Obama in 2012. You'd have to look on the GOP side and I don't think there's anyone there that fits.
noob goldberg wrote:
Exports? That would be my guess. Grain is stored, sold, & moved based on shipping rate too. But, just a guess.
Cinco-X wrote:
For a revolver may I suggest a S&W .357 magnum, doesn't have the recoil and not nearly as loud as the .44. Great fun for target shooting and you can maintain accuracy for all 6 shots.
~splat
dryfly wrote:
If beans aren't showing up under the 'grains' heading, then that'd explain it for sure. I usually just lump them all together as raw soft crops in my head, but if railfax separates them the current huge demand for lentils and other legumes would be a strong component of that increase.
noob goldberg wrote:
Concentrated, storable, transportable, human digestible calories and as noted above particularly water intensive products.
There is secondary but still important market for super premium exotics. US citrus, vegetbles, etc. are serious business.
Comrade Kristina wrote:
What's his name?
"They wouldn't be intentionally offering credit to very high risk clients if they were worried about overall risk, then would they? That'd be irrational"
well they are charging 29.99% so it seems pretty good risk/reward IMO.
Bill Connor, SC
He looks like perfect fodder.
The next Afghanistan:
While speaking to a room of young mathletes and robot designers, Obama made sure to emphasize another reason for his education plan, notably the threat of the robot uprising.
OBAMA WARNS ROBOTS | Weekly World News
---David Rosenberg, "Breakfast with Dave," December 2, 2009
As a military brat, of a recently retired 30yr + vet....who is an expert in international relations (Mideast and Korea)....the older I get, the more separation between church and state and military and state I want. My father, God bless him, doesn't have any clue how the real world works outside of the military. He actually expects people to do what they say and takes everything in good faith. He is having a hard time adjusting to civilian life.
HomeGnome wrote:
I believe the concept is you either scare off the other party with the noise and muzzle flash, or you use the weapon to beat them to death, otherwise it's not very effective as a firearm. It's almost a special effects toy, the freaking thing looks & sounds like the gun out of Robocop.
Personally I regard those things as direct equivalent to a lifted F150 with trucknuts attached, ie. a sad pen1s substitute.
One time at the range myself and a friend were dying laughing watching one 'dude' with his Desert Eagle blasting away with the hand cannon and not hitting crap at 10 freaking yards, if it that had be a real attacker armed with a pointy stick he'd have been in trouble
~splat
mp wrote:
Tell him to look under the couch. That's where my two-year-old always hides my inventory cycle.
It must be somewhat gratifying for you to watch the recognition grow with regards to this, though.
The third brick wrote:
What was the Republican response over the Afghanistan freedom-spread? I've been at home for a few days with a coob and don't have access to the usual foaming mean people at work to hear what they think.
Let's make a pledge to not talk about it again until it cracks $2000 or $900 and to browbeat and invent derogatory monikers for those who unduly intone their adoration
All I need to know about the yellow metal is that I saw a van parked in a school parking lot yesterday with giant stencil lettering and an 800 number on the back window telling me how to make money buying and selling gold.
Just like real estate five years ago...
noob goldberg wrote:
Thinking soy beans or more properly soy meal - after crushing for oil. Is that a 'grain' by definition?
But also I'm not sure how 'bulky' it would be - might not eat up as many rail cars as that. On a dollar basis a very nice export to places like Asia [used to supplement pig feed]. In the past Brazil soy was far more price competitive but with dollar falling wrt BRICs that will change. Has it changed yet? Don't know.
poic wrote:
Compared to the offers that come immediately after a BK, 29.99% would be an incredible deal.
TCA wrote:
.......Ex-Navy Seal, Jesse The Body Ventura............he's about fed up with this BS and tired of drinking it up in Mexico.
A friend of mine has a desert eagle .50...I didn't have any trouble shooting bottles about 20 ft away on a fence. The recoil is huge, time between shots is a problem, but then one shot from that gun, and you are going down. Also that gun will stop a car. Still wouldn't choose it for a firefight.
Vonbek777 wrote:
RealClimate: The CO2 problem in 6 easy steps
MS wrote:
Same lesson in 2000, valuations don't matter, new paradigm, remember ?
When inet sales taxes are levied by destination state it'll cut AMZN in 1/2 (from whatever number that ends up being)
Cinco-X (profile) wrote (in reply to...) on Wed, 12/2/2009 - 12:14 pm
ResistanceIsFeudal wrote:
Who will be the media's Fall Guy when the time comes? We know the charade must, eventually, end...
Hmmm....sucks not havin' GWB to kick around, huh?
Yes indeed. It's a shame the Illuminati: New World Order - Wikipedia, the free encyclopedia collectible card game from 1994 or so isn't still around... then again we sort of get to play the live version nowadays.
TCA wrote:
I haven't heard people at work talking about gold-flipping tho. I don't think it's "mainstream" yet.
Black Star Ranch wrote:
He wasn't a Republican when he was Governor. BTW, both he and Arnold from the movie Predator ended up being governors. Anybody else from that movie end up in politics? Just curious-
ResistanceIsFeudal wrote:
I think I'm going to replace my "Punish the Fornicating Harlots, Vote YES" bumper sticker with a "Obama, 4 more wars" one. Pretty weird.
Different movie but I keep trying to get Bill Campbell to run for congress but he seems to have more common sense then I originally thought.
I was at my prop desk @ the
minding somebody else's business, when I saw hordes of hoi ploy down in the street below, wielding pitchforks & pikes, in an agitated mood.
Luckily I had obtained a concealed Sharp's Buffalo Rifle carry permit...
Bring 'em on~
Not sure what your link is implying. Wasn't posting to add fuel to the global warming debate. Snow does happen around here from time to time. I was born in El Paso, Fort Bliss, it snowed the day I was born. Snowed in El Paso on my birthday this year too. I was just really commenting on how weird the snowflakes were, never seen them that big. Like out of a movie. Perfect for catching on your tongue. Kids and I had a lot of fun.
Actually, it's frustrating and discouraging that Team Obama isn't reading the handwriting on the wall.
This thing is becoming very dangerous and very quickly.
nova<
Bill Conner, Lt. Gov. for South Carolina.
Crazy Muslims didn't stop him; nothing will.
Bill Connor for Lieutenant Governor of South Carolina
Gold-flipping? I bought dirty, ordinary fixer-upper
at $800/oz, shined it up a bit and sold it three weeks later for $1600...
Hey Noob, shuttle got cancelled due to possible tornadic weather.
Might reschedule when you are here.
Vonbek<
Don't eat the yellow snow.
Black Star Ranch wrote:
But he's not GOP - he hates them, ran very aggressively against the GOP when running for governor of Minnesota [Coleman was the candidate & savaged Jesse] - ended up with a bigger bitch against the GOP than against the Dems. That became clear when he was Governor. That might change nationally now that Dems have all the levers but wasn't the case in state gov't back then.
But but but...they said they were lemon snow cones
!
The most important thing to the PTB is to keep you out of the cash and barter economy. Their system is electronic credits and corresponding debts. Their system requires you gamble with your life while they keep score. Electronic money is a score. Access to money is defined by credit score. It is a game. Electronic transactions are an umbilical cord to control and surveillance by the corrupt finance industry and their captured government.
The problem for the PTB is the economic collapse is forcing people out of the electronic credits system in such numbers that it threatens the entire game. If no one cares about the score anymore it is game over. Bankruptcies and widespread insolvency remove players from the game. Humanity has many substitutes to this recent ridiculous score keeping game system we call the global financial system.
Question the cards in your pocket before it is your thumbprint that chains you to a score.
PEAK GOLD!
it's happened before..
Jimmy "SupaFly" Snucka!
mp wrote:
You mean the Afghanistan freedom-spread? Or the economy? (Or Iran or the North Koreans? And, how come there's no gorillas in the middle-east lately, where'd they go?)
Credit-card delinquencies near record high: Fitch
Credit-card delinquencies near record high: Fitch - MarketWatch
There's a very real possibility that GDP could print negative in the fourth quarter.
otishertz wrote:
And again Dawgifornia leads the nation. The underground economy is blossoming and by definition won't be reported. This is one of the reasons we've seen an increasing disconnect between traditional sales tax type tracking and a better than indicated functioning economy.
Underground economy is going strong here too. You know things are weird when Flea Markets are selling new lcd and plasma tvs.
dryfly wrote:
Ok, the dream ticket (for a better understanding of world affairs, if I recall how this Venture thread got started) is:
Jesse "The Body" Ventura - for President
Aaanald "The Governator" - for Secretary of State
"That Arab dude that said creditors have to take some of the risk with Dubai" - for Treasury Secretary.
Who is the VP?
WestSac_grrl wrote:
Republican?
For lack of a better term I call it the craigslist economy. Maybe call it the salvage economy. Eventually a widespread internet barter market will develop out of necessity if it is not stopped deliberately by bankers and their tax collectors. They must keep you chained to the game.
badger
omg that is great!!!!!!!
This is one of the reasons we've seen an increasing disconnect between traditional sales tax type tracking and a better than indicated functioning economy.
I got to quibble a bit on this. I don't doubt what you say is true but small businesses are really taking it on the chin. Many owners have told me they are off 20% or more (me included). Maudlin covered the reported retail sales topic a few weeks back - a survey of mid to large chains - no data from M & P.
I think he's more likely to revive the Cynics. The ad campaign would be stellar.
Cynicism - Wikipedia, the free encyclopedia
black dog wrote:
And if they focus on same store sales, survivor bias to boot...
lawyerliz wrote:
That would be soooo cool!