Sunday, March 15, 2009

John Stewart & Jim Cramer - Financial Meltdown March 12, 2009

WHAT WE FILIPINOS SHOULD KNOW: Note: Bold and/or Underlined words are HTML links. Click on them to see the linked postings/articles. Forwarding the postings to relatives and friends, especially in the homeland, is greatly appreciated.

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"The chief business of America is business" - President Calvin Coolidge, 1925

"The glory of the United States is business" - Wendell L. Willkie, 1936

"What else do bankers do -- walk-in and turn-off the lights in the country." - William Slee, 1978

"The selfish spirit of commerce knows no country, and feels no passion or principle but that of gain" - Thomas Jefferson, 1809

"I sincerely believe that banking establishments are more dangerous than standing armies." - Thomas Jefferson, 1816


Did you lose a significantly amount of your retirement money from the current financial crisis triggered by the Housing Price Bubble? Watch this exchange. It is obvious that our Media (especially TV) is essentially a rah-rah tool for business, the corporatocracy.

This corporatocracy comprised of the biggest corporations, most of which are American multinationals, are the real forces that now heavily influence, if not control, governance in America and American foreign policies geared to ultimately support these corporate interests.

BTW, Peter Hartcher's 2006 book "Bubble Man," is a good read. It is a highly critical and analytical look at Alan Greenspan, who Peter claimed apparently has enabled and thus knew where the economy was headed since 1996, i.e. the Dot-com Bubble/IT Bubble to today's Housing Bubble, the largest federal deficit and officially cause a worldwide recession. He wrote that Alan Greenspan did not perform his responsibilities but played along to keep his powerful job, satisfy his ego and public image, which he valued more than the country he was supposed to serve; all the while being able to be a "Teflon" guy like Ronald Reagan, i.e. create a facade and avoid blame.

Lest I start going much off-target, let's watch The Daily Show below - if you want to watch Comedy Central with a serious and timely topic about our retirement losses. Please see and share attached Link/URL (copy or cut and paste on Google Search to connect):

or click:

Jon Stewart and Jim Cramer (Mad Money)

- Bert

"People who are greedy have extraordinary capacities for waste - they must, they take in too much" - Norman Mailer, 1968

"You show me a capitalist, I'll show you a bloodsucker" - Malcolm X, 1965

“Capitalism and altruism are incompatible; they are philosophical opposites; they cannot coexist in the same man or in the same society" - Ayn Rand, 1961

"The chief business of America is business" - President Calvin Coolidge, 1925

"The glory of the United States is business" - Wendell L. Willkie, 1936


balutpressorg said...

nice!!!keep up the good work.....

compact said...

The housing bublle was manufactured. The people who profited from the boom are the same ones making money during the housing crisis receiving all the bail outs. Great blogs, drop by my blogs when you can.