9 replies to this topic

[Rogerdodger]

Slosh Report $245 Billion per day this week.

Include TAF and TIF and Pot and Prozac and today was an all time record!

Slosh Report

[dcengr]

Rodger, these are all temporary.. and have like 28 days expiration. Whoever is borrowing has about 28 days to line up credit to replace the Fed charity. Have not been keeping track, but I think the first of the loans have or due to expire soon.

[Rogerdodger]

All debt is temporary. Until it's not repaid.

A factor of 5 as I see it:

Edited by Rogerdodger, 24 April 2008 - 10:14 PM.

[arbman]

All debt is temporary. Until it's not repaid.

These repos have gone much longer than 28 days so far and TAF is now extended to 90days I believe and then it is becoming part of the national debt...

[Rogerdodger]

becoming part of the national debt...

On top of the $400,000 per household?

[NAV]

All debt is temporary. Until it's not repaid.

[Rogerdodger]

When will Atlas shrug?

WIKIPEDIA: According to a 1991 United States survey by the Library of Congress and the Book of the Month Club, Atlas Shrugged was voted the most influential book in readers' lives after the Bible.

645,000 words, Atlas Shrugged is one of the longest novels ever written

Do they have it in Cliff Notes. LOL!

Edited by Rogerdodger, 24 April 2008 - 10:25 PM.

[arbman]

becoming part of the national debt...

On top of the $400,000 per household?

No it is not per household, it is very personal and only 5% additional revenue out of your tax dollars per year for the next 30 years.

[Rogerdodger]

WIKIPEDIA is helpful as a Cliff note of Cliff notes:
John Galt is a man disgusted that non-productive members of society use laws and guilt to leech from the value created by productive members of society, and furthermore even exalt the qualities of the leeches over the workers and inventors. He made a pledge that he would never live his life for the sake of another man, nor ask another man to live for him, and founded an enclave, separate from the rest of the country, where he and other productive members of society have fled.

...heroes must continually fight against the"Parasites", "looters", and "moochers" of the society surrounding them. The looters are those who confiscate others' earnings "at the point of a gun" (figuratively speaking) —often because they are government officials, and thus their demands are backed by the threat of force. Some looters are following the policies of the government, such as the officials who confiscate one state's seed grain to feed the starving citizens of another state; others are exploiting those policies, such as the railroad regulator who illegally sells the railroad's supplies on the side. The common factor is that both use force to take property from the people who produced or earned it, and both are ultimately destructive.

The moochers are those who demand others' earnings because they claim to be needy and unable to earn themselves. Even as they beg for their help, however, they curse the people who make that help possible, because they hate the talented for having the talent they don't possess. Although the moochers seem benign at first glance, they are portrayed as more destructive than the looters—they destroy the productive through guilt and often motivate the "lawful" looting performed by governments.


For my $400,000 I at least want a new car.

[OEXCHAOS]

Looters...there's a picture of loan brokers ("I can get you into that house for $900 per month!") on one hand and loan aggregators, CDO salesmen, and mortgage-backed security specialists ("These securities are AAA rated! Historically, the default rates is almost nil!") on the other... Thank you Roger. Mark