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September 18, 2008 at 09:21:25

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Everything is Fine.... Not to Worry

by Grant Lawrence     Page 1 of 1 page(s)

www.opednews.com

 
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I get highly upset with people being so negative and reporting that there are some sort of financial problems with our trusted financial institutions. I know that if there was a great danger then there would be immediate action by our elected officials to solve the crises. I know that if there was a big problem that I would see my President addressing the nation and explaining the difficult situation. I know that if there was a major problem then I would see the President and the Congress working together to investigate and better regulate the financial system. I am sure that our trusted elected officials would do more than sit back and allow a non governmental banking institution, like the Federal Reserve, give all our federal dollars away to prop up a broken system.

Well you don't see any action by our elected officials so you can be sure that everything is OK. I can only assume that the great leaders of our same 2 party system are satisfied with the direction of the country. After all it was just a little bit ago that John McCain declared the economy sound. He should know that the economy is sound since he helped create this sound economy by working for deregulation. After President Bush and Ronald Reagan, John McCain is my hero!

But just in case you are a bit nervous about the financial hickup that became evident on 9/15, then I suggest you go back to 9/11 and see what this great nation did in time of a serious attack on our country and financial system.

Back then, My President and the leaders of my government asked us to sacrifice for the country by going shopping. That really worked then and I know that it will work now.

So you say that you don't have the money anymore and that you maxed out your credit cards. Well that is the type of negative un-American talk that really makes me mad. That "cannot do" stinking thinking is what is effecting the economy. So if the American people would just believe in shopping like they used to then we could easily get beyond this current financial uneasiness.

The unregulated free market system is what has brought you this economy and you shouldn't throw the baby out with the bath water. We are now seeing the fruition of Reaganomics and my hero, President Reagan, would turn over in his grave if he thought the people would do something foolish like regulate Wall Street. No we should follow the lead of our leaders and not make a big deal about banks and the largest investment firms going under. Instead, take my advice, relax and go shopping.

 

http://grantlawrence.blogspot.com/

I work as a school counselor and mental health counselor in Gallup New Mexico.

 

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Robert Singer is a retired information technology professional and an environmental activist living in southern California.

In 1995 he and his cousin Adam D. Singer founded IPC The Hospitalist Company, Inc., where he served as chief technology officer. Today the company manages more than 130 practice groups, providing care in some 300 medical facilities in 18 states. Prior to that he was president of Useful Software, a developer and publisher of business and consumer software for th...

to see more of bio, click on member name

Robert SingerRobert Singer is a retired information technology professional and an environmental activist living in southern California.

In 1995 he and his cousin Adam D. Singer founded IPC The Hospitalist Company, Inc., where he served as chief technology officer. Today the company manages more than 130 practice groups, providing care in some 300 medical facilities in 18 states. Prior to that he was president of Useful Software, a developer and publisher of business and consumer software for th...

to see more of bio, click on member name

"Give Us AIG and Keep Shopping"-keep your eyes on the Mall

Melt Up, Melt Down it’s the same Story of Stuff, Robert Singer

Kevin G. Hall in the McClatchy Newspapers writes:
Why would the government bail out a company like AIG but let Lehman Brothers file for Chapter 11 bankruptcy protection?
Kevin answer: Speaking frankly, the world can do without another investment firm. If an investment bank fails, any remaining investment bank can hire more people and take their jobs. AIG is not an investment bank. As a principal insurer, it insures consumers, it insures businesses and it insures business ventures, so it's not just that your corner store needs insurance.
The best analogy I've been able to come up with is to use an automaker. When you think about putting an automaker out of business, you put tire makers out of business, you put seat makers out of business, you put all sorts of things out of business. It's the same thing with AIG. There are tentacles. They're just so connected to so many other parts of the economy that the government deemed it more dangerous and potentially more expensive to the economy to have it fail than to give them this loan.

Story of Stuff answer: Lehman will not affect shopping, AIG will!

Number of employees AIG = 116,00, Number of employees Lehman = 25,000
The Bank for International Settlements recently reported that total derivatives trades exceeded one quadrillion dollars – that’s 1,000 trillion dollars, cost of bailout 85 billion.

Do the Math and Read my September 14, 2008 article
"Give Us the ANWAR and Keep Shopping"-They Found They Can't Have Both

And watch a 20-minute documentary www.storyofstuff.com that lays this all out in a manner that even a child could understand and shows the path to saving the planet is no more complicated than controlling our addiction to all that "stuff."

by Robert Singer (22 articles, 0 quicklinks, 1 diaries, 65 comments) on Thursday, September 18, 2008 at 12:58:36 PM
 


I work as a school counselor and mental health counselor in Gallup New Mexico.
Grant LawrenceI work as a school counselor and mental health counselor in Gallup New Mexico.

Funny Money

I could lend you the money if I made some up. But about the time this is all through my funny money will likely be worth only a bit less.

Don't worry about the money though. Please do your patriotic duty. 

by Grant Lawrence (34 articles, 1 quicklinks, 14 diaries, 94 comments) on Thursday, September 18, 2008 at 5:27:28 PM
 


10 year Navy veteran,former Federal employee with various agencies,
Gallaher10 year Navy veteran,former Federal employee with various agencies,

Not a bad idea

I think I pointed out before that I have invested heavily in precious metals because the dollar will be worthless paper in the not too soon future.

You might as well go shop and spend those dollars while people will still take them.

by Gallaher (2 articles, 0 quicklinks, 3 diaries, 835 comments) on Friday, September 19, 2008 at 8:42:51 AM
 


I work as a school counselor and mental health counselor in Gallup New Mexico.
Grant LawrenceI work as a school counselor and mental health counselor in Gallup New Mexico.

Gold

Now that was a good idea. I sold my business a few years back and made some money. Unfortunately I had to use the money to live but I wanted to take a lot of that money and buy gold. 

I think at the time it was about 280 an ounce, if I remember correctly. 

But I am glad that it is working out for the gold people at least.  

by Grant Lawrence (34 articles, 1 quicklinks, 14 diaries, 94 comments) on Friday, September 19, 2008 at 7:17:22 PM
 

 

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