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  #93   Report Post  
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Default Gas getting higher.

On 27/02/2011 2:02 PM, Tim wrote:
$3.38 in my local but from $3.05 a week ago.

I wonder if this summer if the "talk" will produce between 4 and 5 per
gallon. Sux for a river cruise, but We're still planning on going
anyhow.


I know this is hard to comprehend, but oil didn't go up. The USD lost
value. It lost value against oil, coal, gold, silver, copper, wheat,
barley, coffee, sugar, cocoa, bananas you name it, the USD is worth less
this week than last week.

A barrel of oil is still a barrel of oil, a ounce of gold is still an
ounce of gold and 20 lbs of flour is still 20 lbs of flour. They have
not changed at all. But the value of the USD has depreciated (inflation).

Why? Simple, the US Fed now creates more debt-inflationary dollars than
Americans consume in sheets of toilet paper.

Worse yet, US Fed is buying US Federal bond debt as no one else in the
world, including American investors, will buy US government debt. Hey,
you would have to be a FOOL to buy a T-Bill at below inflation then pays
taxes.

And you expect a strong dollar?

--
Socialism is a great ideal as long as someone else pays for it. And when
no one is left to pay for it, they all can share nothing.
  #95   Report Post  
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Default Gas getting higher.

In article ,
says...

On 3/1/11 8:22 AM, Wayne.B wrote:
On Mon, 28 Feb 2011 23:26:39 -0800,
wrote:

On Tue, 01 Mar 2011 02:09:55 -0500, Wayne.B
wrote:

On Mon, 28 Feb 2011 20:39:06 -0800,
wrote:

Great... except for the part that the Wall Street price manipulators
play... I guess you don't remember Enron...

I remember it well. I also remember that Wall Street is located in
Manhattan. I worked there for many years and know the location well,
not to mention a few things about the industry. Enron, on the other
hand was headquartered in Houston, Texas - part of the energy
industry, the fraudulent part.

You're claiming that there was no connection between Enron
manipulation and Wall Street?

http://www.forbes.com/2001/11/29/1129topnews.html


Enron borrowed from large money center banks before their fraud was
suspected and exposed. No crime there, just questionable risk
analysis on the part of the lenders who were mostly relying on audited
financial statements.



Large corporations don't order toilet paper without consulting with
their investment bankers, brokers and others in the financial services
industry.


You haven't got a clue about how a company really works. I can get a
multi-year, multi-million dollar project approved and with my spend plan
in place it is just like writing checks. And, the BOD doe not need to
approve such a piddly amount of money. They usually don't get involved
until the spend is in the tens of millions of dollars.

Surely you are not trying to let the so-called "Wall Street financial
community" off the hook for its major role in bringing down our economy.


It is all of the mutual plans that the various state and union pension
plans that are invested in wall street that demand immediate
gratification so that they can continue to improve the pensions and
payout the current pensions who are at fault. Un realistic expectations.

Wait...you probably are.

Ahh, audited financial statements...as if the big CPA firms weren't part
of the game.


Just like CBO reviewed items.



  #96   Report Post  
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Default Gas getting higher.

In article ,
says...

On 3/1/11 9:04 AM, Wayne.B wrote:
On Tue, 01 Mar 2011 08:28:08 -0500,
wrote:

Surely you are not trying to let the so-called "Wall Street financial
community" off the hook for its major role in bringing down our economy.


Assuming that you are talking about the recent collapse of the housing
market, the financial community was absolutely one of the major
facilitators. There's lots of blame to go around however, starting
with misguided government policy which got the whole thing rolling.
No one was complaining when the party was in full swing. People
will be writing books about it for a long time to come, just like the
great depression of the 1930s.



I'm talking about the on-going collusion between the wall street banks,
brokers, investment bankers, accounting firms, et cetera, and
corporations, and, of course, the collapse of the housing market.

Among other things, itt seems to be getting rarer and rarer to see a CPA
firm "quit" a client over accounting disputes. That means that the CPA
firms are in fear of losing their clients, not that they are doing the
tough job they should be doing.

About 10 years ago, a former client of mine got into a dispute with its
big accounting firm. After three months of arguing, the accountants said
they would have to put a fairly derogatory note in the annual statement.
There was a lot of pressure on both sides. The CPAs ended up by
resigning the account. The "new" CPAs were far more compliant.


Then go complain to Tax Cheat Tim Geithner. He's they guy who was
dolling out the TARP money to all of his Wall Street buddies.

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Default Gas getting higher.

On Tue, 1 Mar 2011 20:30:17 -0800 (PST), Tim wrote:

On Mar 1, 10:24*pm, wrote:
On Tue, 1 Mar 2011 16:47:37 -0800 (PST), Tim
wrote:

On Mar 1, 12:13 pm, Harryk wrote:
On 3/1/11 1:11 PM, wrote:


You know the saying..."big boat, small dick..."


i do have a 6' row boat. Wow, I'm in luck!


?;^ )


You and your dick must have to take turns riding in the boat.


Well, I've never tired to paddle with it.


If you had twin diesels, you'd never be able to find it!
  #99   Report Post  
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Default Gas getting higher.

On Wed, 2 Mar 2011 06:50:58 -0500, BAR wrote:

In article , payer3389
says...

On 3/1/11 1:11 PM, wrote:
On Tue, 01 Mar 2011 08:35:17 -0500, Wayne.B
wrote:

On Tue, 01 Mar 2011 08:12:59 -0500, wrote:

On 3/1/2011 2:09 AM, Wayne.B wrote:
On Mon, 28 Feb 2011 20:39:06 -0800,
wrote:

Great... except for the part that the Wall Street price manipulators
play... I guess you don't remember Enron...
I remember it well. I also remember that Wall Street is located in
Manhattan. I worked there for many years and know the location well,
not to mention a few things about the industry. Enron, on the other
hand was headquartered in Houston, Texas - part of the energy
industry, the fraudulent part.

You're wasting your time spoonfeeding her Wayne. Case in point Anchoring.

Probably so but there are other people who also believe their lives
are controlled by some giant conspiracy. It's good to get the facts
out there once in a while.

With regard to anchoring, first you need a boat...

The problem with you is that you're sanctimonious. You have no
interest in actually having a discussion. When someone disagrees with
you, you tell them stop posting off topic. When you agree with
someone, you have no problem playing nice, as evidenced with this last
post.



You know the saying..."big boat, small dick..."


Says something about you Mr alleged 40 foot twin diesels!



~~SNERK~~
  #100   Report Post  
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Default Gas getting higher.

On Mar 1, 11:50*pm, Canuck57 wrote:

Worse yet, US Fed is buying US Federal bond debt as no one else in the
world, including American investors, will buy US government debt. *Hey,
you would have to be a FOOL to buy a T-Bill at below inflation then pays
taxes.

And you expect a strong dollar?

T-bills,? I dont' have any T-bills.
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