Monthly Archives: September 2008

Pursuit of Happiness on Earth Land of Smiles Thailand

Thailand remains a world-class destination for tourists, retirement or business investment. Freedom, Prosperity, Peace : something for everyone no matter the budget, guesthouse to 5 star luxury.

Affordable cost of living, warm climate all year, friendly people, spirituality, great shopping, food, nightlife, entertainment, beach island resorts, golf , spa and massage. Thailands got it all – did I mention peace of mind. 

Thailand, the Land of Smiles, Happiness on Earth. 

Leave a comment

Filed under American Economy, Finance, Real Estate, Self Help, Universe, World Events

Fat Cats Burden US Taxpayers with Trillions of Dollars of Losses in the Marketplace

On Wall Street and in Washington, there is increasing expectation that U.S. taxpayers will either take the bad assets off the hands of financial institutions so they can raise capital, or put taxpayer capital into the companies, as the Treasury has agreed to do with mortgage giants Fannie Mae and Freddie Mac. As always the Middle Class Taxpayers are the ones who Lose. The Rich Do Get Richer and the Poor Do Get Poorer.

When you have a big loss in the marketplace, there are only three people that can take the loss [1] the bondholders, [2] the shareholders and [3] the government TAXPAYERS

The latest financial crisis is an area called CDS, credit default swaps, which are private contracts that let firms trade bets on whether a borrower is going to default. When a default occurs, one party pays off the other. The value of the swaps rise and fall according to the risk that a company won’t be able to honor its obligations. Firms use these instruments both as insurance to hedge their exposures to risk and to wager on the health of other companies. There are now credit default swaps on more than $62 trillion in debt, up from about $144 billion a decade ago.

 

One of the big new players in the swaps game was AIG, the world’s largest insurer and a major seller of credit-default swaps to financial institutions and companies. When the credit markets were booming, many firms bought these instruments from AIG, believing the insurance giant’s strong credit ratings and large balance sheet could provide a shield against bond and loan defaults. AIG believed the risk of default was low on many securities it insured.

The Biggest Bailout in History. $10,000 for every Man Woman & Child on Planet Earth. Thanks Federal Reserve, a private bank chartered by the U.S. government and UN-Constitutional. Do Your Own Research.

1 Comment

Filed under American Economy, Big Business, Dead, Federal Reserve, Finance, Loser, Ron Paul Revolution, Self Help, US Politics, Wake Up People, Wall Street DowJones, World Events

Nightmare on Wall Street Another $700 Billion Investments Vanished

The stock market took another nosedive Wednesday losing another 450 points – another $700 billion in investments vanished. It’s all very volatile, it’s all manipulated by the elite powers that be.

WAMU, Washington Mutual, appeared headed toward a sale Wednesday after a major investor removed a potential stumbling block and banking regulators began approaching the most logical buyers.

With most Americans now preoccupied about their own future financial security, the one thing they do not want to hear is how they will end up paying the bill for poorly managed companies, federal reserves and fascist governments. You didn’t think you were living in a democracy, did you?

 The Federal Reserve, the secretive private bank, controls America’s entire economic system.  Created with no constitutional authority in 1913, the Fed prints money out of thin air and loans it to the U.S. Treasury at interest. This can only lead to one outcome: debt. Currently, the Federal Reserve is printing billions of dollars to bail out Wall Street while destroying the middle class and the dollar. If our country wants a sound and transparent monetary system, we need to abolish the Federal Reserve and bring the power back to the American people.

Did I Mention, Wake Up People

1 Comment

Filed under Big Business, Dead, Federal Reserve, Finance, Loser, Ron Paul Revolution, Self Help, TV Television, US Politics, Wake Up People, Wall Street DowJones, World Events

General Motors GM unveils Chevy Volt Electric Car 40 Miles No Gas

General Motors "GM" debuts its Chevy Volt Electric Car Designed to Drive 40 miles on a charge - Ready by 2011

General Motors

 

GM proudly debuted to the public the Chevy Volt Plug-In Electric Vehicle – a Car that is NOT powered by a gasoline-fueled internal combustion engine, nor is it a hybrid. The Volt is electric, powered by a 400 pound lithium ion battery nestled beneath the floorboard, an energy source that is both silent, and entirely emission-free. GM, and it’s commitment to the future, is hoping to roll out the Volt with the 2011 Year Model.

The Volt will have only one electric motor, powered by its new battery, and will go up to 40 miles without using a drop of gas – effectively eliminating gasoline from the majority of American lives. This will reduce the current $700 BILLION USD spent on Importing Oil to America, Help the Environment and Help GM and US Business and Economy recover from the Bush-Cheney Nightmare. A Win-Win.

The Volt should cost less than 2 cents per mile to drive on electricity, compared to 13 cents a mile on gasoline at a price of $3.90 a gallon. The retail price may be in the USD $40,000 range.

GM is expecting to produce at least 10,000 Volts in the car’s first year and higher numbers after that. 

1 Comment

Filed under American Economy, Big Business, Cars, Finance, Wall Street DowJones, World Events

Bailouts of Americas Crumbling Banks Bloodbath Panic Selling

The government abruptly announced an $85 Billion USD Federal Reserve Loan to BAILOUT insurance giant AIG. AIG FP lost more than $10 billion in 2007, and $14.7 billion in the first six months of 2008. AIG agrees to repay the loan with asset sales and give the government a 79.9% equity stake in the company.

The financial sector in the USA is facing a huge crisis. When you have two big companies like Bear Stearns and Lehman Disappear, and Merrill Lynch being absorbed, that tells you volumes about the difficulties being faced by the financial sector in America. It has become a field day for short sellers, who are picking off the undercapitalized financial outfits.

After turning down a shot at buying all of Lehman Brothers over the weekend, British bank Barclays just picked up the core of the USD $4 Billion investment bank for $250 million. Barclays also bought Lehman’s New York headquarters building and a couple of data centers for USD $1.5 Billion. The buildings cost six times more than the whole bank itself: 

BARCLAYS PRESS RELEASE:

The Board of Barclays announces that Barclays has agreed, subject to US Court and relevant regulatory approvals, to acquire Lehman Brothers North American investment banking and capital markets operations and supporting infrastructure. The transaction will create a premier integrated global bulge bracket investment banking company with a leading presence in all major markets and across all major lines of business including: equity capital markets, debt capital markets, mergers and acquisitions, commodities trading and foreign exchange.

 

Barclays will acquire trading assets with a current estimated value of £40bn (US$72bn) and trading liabilities with a current estimated value of £38bn (US$68bn) for a cash consideration of £0.14bn (US$0.25bn). Barclays will also acquire the New York headquarters of Lehman Brothers as well as its two data centres at close to their current market value.

Leave a comment

Filed under American Economy, Dead, Finance, Loser, Ron Paul Revolution, Self Help, US Politics, Wall Street DowJones, World Events

Wall Street Worst Day in 7 Years Black Monday Lehman AIG ML

 Wall Street had its worst day down 504 points, Black Monday, since after the September 11 attacks as financial instability surged after Lehman Brothers filed for bankruptcy

and insurer AIG struggled for survival while Merrill Lynch ML accepted a takeover bid from Bank of America. Bank of America has aggressively expanded to become the second largest bank in the US, by assets, after Citigroup. If the acquisition of Merrill, the world’s largest brokerage goes through, Bank of America is likely to take over as the new king of the banking world.

A sharp slide in oil prices to below $100 a barrel helped cap the stock market’s losses.

It doesn’t really matter anymore what’s happening in the real world. What matters is the psyche of the people driving stock prices – large institutional and short sellers who move the markets far and fast.

As concerns about the insurer AIG’s scramble for capital mounted, the Wall Street Journal reported that the U.S. government has asked Goldman Sachs and JP Morgan Chase  to lead a lending of $70 billion to $75 billion for AIG.

Live Longer – Retire Stronger – Move to Thailand

New York City Mayor Michael Bloomberg said “New Yorkers have gotten through the ups and downs of Wall Street before, and we will get through this one, too. We know how to make tough decisions, we know how to come together, and we know how to emerge a stronger city as a result.”

By acquiring Merrill, Bank of America gained a major position in the investment management business and the ability to move into overseas markets.

Earlier this year Bank of America bought out Countrywide Financial, a giant lender often blamed for pushing many of the risky loans that started the housing crisis. It was a risky acquisition for Bank of America because it took on some bad loans, but at the same time it gained a much larger long term foothold in the lucrative mortgage business.

And that growth just continues now with Merrill Lynch.

Leave a comment

Filed under Dead, Finance, Loser, Self Help, US Politics, World Events

Our NFL Game of the Year Won Again

New England as a Dog Winning Straight Up 19-10 over the NY Jets. What a Dog ML Play. We Cash Yet again and you’re all welcome, those who took the advice are RICH.

Our College play Saturday USC worked as well, leaving us PERFECT on the year 5-0 ATS.

On this Team We Fight For That Inch…

Leave a comment

Filed under Football, Football Bet, NFL Cheerleaders, NFL Pro Football, Sports Betting, TV Television, Uncategorized

Hurricane Ike Pounding Galveston Texas

Hurricane Ike is pounding coastal Texas, especially Galveston, with 17 foot swells and 110 mph winds. It could be the most devastating storm that the Lone Star State has seen since Hurricane Alicia of 1983 which caused $6 billion in damage and 21deaths. Ike is huge. Hurricane force winds extend out 120 miles from the storm’s center and tropical storm force winds reach out 275 miles.

As a hurricane travels over the ocean, its strong winds push against the water’s surface, causing it to pile up higher than the sea’s ordinary level. As the hurricane makes landfall, the water is pushed onshore and can quickly wash many miles inland, destroying homes and businesses. This tidal surge, accounts for the majority of deaths and damage caused by a hurricane.

UPDATE: Millions of people across three states don’t have power, and Texas’ largest rescue effort in history is under way. Things could have been much worse –  only 21 died even though thousands of people chose to ignore the evacuation orders – far fewer than the 1,600 killed when Katrina hit the Louisiana and Mississippi coasts in 2005.

Search and rescue teams made it to west Galveston Island, which saw some of the heaviest damage from the storm and took the longest to reach due to flooded roads and the high winds. The area was like a ghost town. Galveston cannot, at this point, safely accommodate its residents.

The destruction from Ike is scattered across hundreds of miles in Texas and Louisiana and will cost billions of dollars.

Leave a comment

Filed under Dead, World Events

NFL Lock Game Pick of the Year Patriots Plus 3 on Sept 14

Yes, Tom Brady and his leadership will be missed.  But this is a TEAM Game composed of Team Mates,

Patriots Play and Win as a TEAM - On this team We Fight For That Inch

Patriots Play and Win as a TEAM - On this team We Fight For That Inch

several who have hearts of champions. They’re going to Rally around this and put on a Fine Showing. 

 

Gamblers / Bettors look at the Lineups of these two teams, man for man – who has the better roster?  It’s an Insult they’re not the favorites – oh well, Christmas came early this year – The Underdog Pats +3 on Sunday. Take it to the Bank.

Leave a comment

Filed under Football, Football Bet, NFL Cheerleaders, NFL Pro Football, Sports Betting, TV Television, World Events

If The Free World Could Choose Its Leader

Barack Obama has stirred an excitement around the globe unmatched by any American politician in living memory. Polling in Britain, Germany, France and Russia shows that Obama would win by a large majority, with the outcome repeated in Africa, Asia, the Middle East and Latin America. If November 4 were a global ballot, Obama would win it convincingly. If the free world could choose its leader, it would be Barack Obama.

The crowd of 200,000 that rallied to hear him in Berlin in July did so not only because of his charisma, but also because they know he, like the majority of the world’s population, opposed the Iraq war. McCain supported it, peddling the lie that Saddam was linked to 9/11. Non-Americans sense that Obama will not ride roughshod over the international system but will treat alliances and global institutions seriously: McCain wants to bypass the United Nations in favour of a US-friendly League of Democracies.

If Americans choose McCain, they will be turning their back on the rest of the world, choosing to show us four more years of the Bush-Cheney finger.

This is a once-in-a-generation chance for a fresh start, a fresh start the world is yearning for.

Leave a comment

Filed under Barack Obama, US Politics, World Events