Update 11/11 - Markets, Credit, et.al.

[doctorofghetto]

Year 2012.......that is the last year of the deadline for all nations to give their military to the United Nations. Also, this also means the collapse of the U.S. Google Infowars and PAINSCOURT about this.

[alia4eva]

obama has no power, he is just another puppet just like bush was, watch 'men behind obama' video on youtube, it clearly shows there r same zionists as rockefeller, soros, rothschild that run both US n israeli governments.

[TadRapidly]

Well, we know what happened there. If congress had any power, your point is valid. But it doesn't matter, Karl. They're ALL owned by the Fed. What Fed wants, Fed gets. Fed wants more of our money. That's what they're gonna get. Same as the old boss.

[MyFreeCredit]

Nice vid. Thanks for sharing.

[Psychogenius018]

What? Obama is a puppet, like every other president since JFK. The Banksters run the show, comeon you know that. They engineered this nightmare 1. To buy up and take over everything for pennies on the dollar. 2. To create a world currency by means of their "create problem-offer solution" tactic. 3. To further their plans for world government. 4. To enslave and kill people.

[jerrytaz67]

Well said, I hope people will listen and take the time to do their own research. We are dog meat to these guys. they dont give a rats ass about anyone but themselves.

[yalmazalpha]

agreed

[ronpauljimrogers]

Google "WTO food program" - genetically modified foods (GMO's) and toxic additives are planned for 100% global coverage by Dec 2009. Roundup is engineered into soy now - this alone will kill you and cause sterility. Canola oil is toxic.

Aspartame causes nerve destruction, cancer, and death. Flouride was given to Nazi slaves to make them docile. It is a toxic metal that lowers IQ and causes brain damage.

See the new VW commercial "I'm not going to have a baby"? This is WTO/NWO.

[Probesoul]

I'm surprised that with all the information out there about the shadow government that he believes that the democrats, led by Obama, are more than mere puppets following orders. Obama may be intelligent but he will run nothing just like Bush.

[999manman]

Strange...I figured you would have voted third party...

[chena3]

sir you have been censored utube ..burn the books just removed your 11-15 ..video must have been too truthful showed the lies ..fraud ... CONGRESS do your job indict these thieves and liars .. or are you their accomplices ...???? woof .. bad doggie ...no biscuit

[mcgrawtim123]

dude! youtube just dumped your latest video of 11/15! whoa! what's that all about?

[Beatleha]

Obama takes his cues from the Rockefellers and the Bankers.

Karl, you just broke my heart. You actually think your vote counts???

Did they listen to us when they passed the Bailout??/ NO!!!

This credit crisis is planned by the FED and other central Banks just like The Great Depression...

Here I thought you were AWARE of what is happening. You may know finance, but you know nothing about The Powers That Be.

[toosinbeymen]

I can agree that its impossible to make a positive case for the backward, self-destructive practices of the auto industry over many years. (Just as it was difficult to defend the practices that led to New Yorks fiscal crisis.) But in the current environment, allowing one or more of the Big Three to go bankrupt would be like offering up your nose to Sweeney Todd to spite your face. - Bob Herbert

[Darlowe]

Obama is a distraction nothing more.

[MzProgressive]

"I also think Mr. Obama has the intelligence and understanding ..."

I AGREE! Your comments about minority/majority changes in Congress are right on; but, as you observe, only time will tell.

I think the G-20 meetings this week-end may bring some major announcements next week. Fasten your seatbelts folks. Between this, and PM futures coming due at month's end ... things could get very interesting.

[lc501]

Vid no longer available? Who nuked it, YT or the poster?

[Melpheos1er]

it's still their... From time to time you can have this error if you put your PC on standby mode with the video in a tab. Refresh and it will goes OK

[rlink73]

Doing the right thing would require having morals and a soul. No politician has ever had both at the same time.

[juice797]

Don't worry, politicians will claim victory over the economic disaster because they will say that it "would have been" even worse without them. Just like the Great Depression. Since the argument is a hypothetical, you are in no better position to argue against their methods than you are now. In politics, blame doesn't apply.

That's why you're misguided in attempting to give the Democrats full responsibility for the economy, even if things continue to get worse for the next decade.

[Artorioux]

who are you referring to...'He's a British agent'....

[rodgerdodger5]

Karl. Love your videos but please watch these;

watch?v=XXIvmJ8xenc

watch?v=mYlz9EYnaug

watch?v=4pO1dIKgfPw

[mwalker05]

may b if u dint talk like ur 14 years old ppl wood care

[JackNeedles]

Good video. Obama may be smart, but he will not make things better. He is a BIG liberal and his big government spending will make things worse, just like idiot Bush.

[centervilletn]

untill the car companies have a fire sale and liquidate inventories at 30 to 50 percent off im not interested in their problems.

[CosmosPrivateer]

The fire sale is on.

Can you say lower gas prices.

The lower gas prices were brought about in order to sale the gas guzzlers.

[centervilletn]

ive never traded a single share of stock because i never had a teacher like you Karl. to bad for me...i could have made money if i had..

[centervilletn]

patient is still dead, on life support untill waiting for organ recipients...

[Brotoi]

Ireland?  Why Ireland?

[chena3]

768

my bad

[rubyspirit2]

Thanks for the info.

[chena3]

sir ..you are on top of your game ..reading ticker

catch your vids ..last night you hit the nail on head

about down through numbers in S+P 868...820

thanx for exacting info ..the truth is that way ..

well done ..this wkend meeting ..NYC

all major eco .powers ...has me concerned

what are they going to announce ...

next week markets ......hard ugly ...

limbo lows ...just an opinion ...

peace out ..

[8cat18]

Karl - you are extremely knowledgeable. When did you start trading stocks and how did you learn so much about the economy, politics and history? I read the market ticker daily!  Thank You for keeping us informed of the BS in Washington.

[Rentaghost76]

Whoever is behind it, I can't wait! See I sold my house in 2006 at the height of the bubble, have a ton of money in various currencies, gold, platinum etc. House prices are tumbling and I will soon be able to snap up a bargain. Oh, I forgot to add that my job is safe (I'm one of only a few people in my country who can do it and it's an essential task)and my pension is gold-plated!

Yup, all looking pretty sweet from where I'm sitting. I'm gonna enjoy carpetbagging!

[harrybinladen]

love it

[CassFlower]

Hi Karl - you're linked on our forum in Ireland (Machine Nation) most days. We've been following the banks. Views of the Irish Government Bank Guarantee are LOL and negative. Our residential and commercial construction sectors have gone, US FDI is under threat. The banks are viewed as zombies and credit or any banking services getting very expensive. Our costs are high. The Government is told to recapitalise the banks but won't, and possibly can't. Anything else we should be worrying about?

[kdenninger]

Uh, that would be "can't".

Those who think it can't happen in America - oh yes it can, and yes it might.

[batgirl791]

thanks for the videos

[mjamesb2008]

Karl, this morning as you know..they changed the focus of the bailout from buying toxic assets, to putting capitol in the banks. Can you explian why this would be beneficial? Was'nt the plan for the toxic assets one in which they would be "packaged" in a way where they would be an investment, and eventuaally help pay back the money? Won't it be harder to track the money if it's distributed directly to the banks..not to mention any chance of it being paid back?

[kdenninger]

Its not.

Paulson is a douche and lied; he'd have never gotten the money had he said "we're going to take $350 billion and give 3/4 of it away immediately in tax breaks and bonuses."

There was no plan to fix this and still isn't; it was and is a looting operation, as I've pointed out since the original 3-pager of this bill was sent up.

[gmfutube]

"Won't it be harder to track the money if it's distributed directly to the banks..not to mention any chance of it being paid back? "

Bingo!

[Zimmermania]

Karl we got to thank you again for your sanity and your great perspective! I would enjoy reading your biography. Have you or anyone done this yet? Also why did you not run for president? It's a rhetorical question but I would simply roll on the floor laughing at your probable answer. Bill Z, San Diego

[gboy1441]

great video. good points. i think 768 is the s&p low but if we violate it and head towards 400 or 200, we will, without a doubt be in a depression.

i think you should make that distinction. a fall to 200 would be a 85% drop, similar to 1929 to 1932 scenario.

great point about the 5% moves. those have not been normal since i been in this market. that either has to end or it means everyone jumping ship and theres no liquidity which could lead to a outright crash.

[bdc03]

We are going to be in a depression.

[madman80310]

Does anyone think Obama will ever challenge the FED? I don't think so...

[TyredUvBS]

well the last president that did openly challenge that banking cartel that we call the fed was JFK and we all know how that turned out.

[wbradd3797]

It could happen if there is a belligerent black man somewhere in him that wants to pay back "The MAN". He spent some time at Uni. of Chicago which is one of the few schools that teach Austrian economics and his economics advisers also are alumni from there. So maybe he had a few conversations with Milton Friedman and what he said sunk in.

But don't hold your breath Owebama is an opportunist as you can see from his past.

[TheMeanGreenShow]

Great video. Thank you

[Rentaghost76]

The Jews are behind this.

[ltexlaw]

No, crooks are behind meaning Goldman Sachs and the IMF,Bank of England and the central banks. It is looting by the Anglo-British establishing. It is the bankers who are looting the government and stealing people's 401ks and IRAs,which is the next part in their plan. It is a heist by the central bankers to punish the public.

[barbaglia111]

Nice work Karl. You have been red hot with your analysis!

[anniesnowflake]

Why in the name of all that's holy,do the powers that be not ask YOUR ADVICE for fixing this mess???? You've been right on the money (pun intended) all along.

[joshrain1]

thanks karl

[toosinbeymen]

Wait a minute now. You're saying unless the Dems can immediately turn around this Republican mess, they're toast and you'll go back to the Rs who created this debacle in 2010? I thought you were a logical guy.

[loquaciousmomma]

I don't think he means "immediately", I think he means the dems are now without excuse. They either work hard the next two years to fix this mess or they are out. He wants to see real action, not excuses.

At least that is what I got from it.

[user197a]

Did you hear that Obama wants more bailouts for Detroit? That alone shows his incompetence.

The Democrats have no clue. They will be gone in 4 years.

[toosinbeymen]

Not more bailouts. The money will come from the 700mmm.

How does this show incompetence? What will happen if GM goes under and all those people are thrown out of work?

Why should only the banking industry get a bailout?

[mattd49]

Why Ireland?

[NicNasty1981]

I havent a clue but this is my guess.

Have you heard all this stuff about Ireland being the Tiger economy? well according to my friend that was all because theres loads of american bussinesses in Ireland now and i think this is what caused their Boom. If these American companies want to downsize and purge, getting rid of their Irish branches with the expensive euro based wages makes sense. However this is just my speculation.

Personaly i think it would be the UK

[carlfinkle]

According to the online US Debt clock,The Outstanding Public Debt as of 12 Nov 2008

is: $10,639,590,215,490. and growing at $3.98 billion per day.

Last figure I heard for the unfunded liabilities was $53,000,000,000,000

Lets face the fact that this situation is beyond repair. America and for that matter Australia has failed to save for over a generation and nothing can change that.

No amount of rearranging can change the fact that we are broke and the savers of the world know this.

[housechores]

Karl has it right. Sell on the rallies. This thing isn't over until the % of bank owned nonperforming loans decline. I don't recommend going long for anyone. Buy index reverse etfs and puts at the top of rallies. Buy calls when bad news doesn't rattle the markets anymore. Stay away from individual stocks...especially high yielding since most won't be sustainable. imo

[andeeman]

So who owns the Bailout, Barney ? You're telling us you actually voted for the cretins who do ?

Iz dat you, Barney ?

[valhala56]

I see all these commercial construction projects in my area just finished standing empty, a lot of them, a whole lot. I can't belive these people completed them. They are going to go from completion to desertion or demoltion. Foolish people.

[gjmvi]

Same here. What state are you in? I'm in Virginia. It's all around the place. I see the sites and think "what the hell?I need a job why wont they hire me?" then a month later I see why. They finish the projects and they just sit there.

[valhala56]

I'm in Indiana close to Ky. A lot of these commercial retail building were just finished in time for a depression and Peak Oil. I see them in new strip malls, and I think what were these people thinking? They are just going abandoned and or go into demolition. My kid is in construction, I told him to go into demoltion.

[GospelTruth777]

The Dems fix this or else? Sheesh you are a real optimist.

[InTheSticks1881]

Schiff issued a warning to his clients today regarding China's 600 billion stimulus package for it's economy. He reasons that they will do the smart thing and sell part of the nearly 2 trillion in dollars in Treasuries. This adds extra burden as the Fed attempts to monetizes our attempt as there will be few buyers for China's sell and ours.

We are utterly screwed as this occurs.

[kdenninger]

Schiff has rocks in his head. If you have listened to him and had him run your money you need Heliox to be able to see your account statement.

[ohio1998]

HMMM, I like you Karl but your wrong on Schiff. He's investing for the long term, not in the short term.

[dabruin2]

Karl,

Love your videos. Just wondering, what flaws do you see in Schiff's perspectives on the economy/investing? Thanks in advance.

[InTheSticks1881]

Jim Rodgers also seems to have Schiff's problem. Both failed to see the huge deflation on the road to hyper inflation. Other than that, they've been waaay ahead the pack. The Fed churned out 2 Trillion last week and that among other they'll have create won't eventually kill the dollar?

A nimble investor might do better trading, yet those who are not interested should stick to conservative means and play only the macro trends. BTW, I'm not anyone's client.

[sugarpuddin88]

There is stalk this month in Washington that America comes off the US dollar, (which would cause a catastrophic drop in 'old' us dollar values)

I've moved my IRAs into Yen & Renmenbi

[InTheSticks1881]

Sticks: Yep, we're done. Exactly how and when is the only question. Soon I expect. Zero doubt that the $ looses World Reserve status. If I didn't have family here that will need me, I would also leave the country and return to Denmark.

sugarpuddin88 said:

There is stalk this month in Washington that America comes off the US dollar, (which would cause a catastrophic drop in 'old' us dollar values)

I've moved my IRAs into Yen & Renmenbi ,

[MzProgressive]

InTheSticks - Hate to be the bearer of bad news, but the Yen is down 1.24 as of noon (EST) today.

Miraculously, silver and gold rose overnight.

[Repomex01]

BEIJING (AP) - The deepening world economic crisis and a possible spat over currency levels hung in the air as the US and China sat down Thursday to discuss the future of their economic relations.

U.S. officials say Treasury Secretary Hank Paulson will press Beijing to let its yuan rise against the dollar to ease trade tensions at the two-day Strategic Economic Dialogue. US companies contend that China keeps the yuan low giving its exporters an unfair advantage and adding to its swollen trade

[Repomex01]

watch?v=J72VAQQSn2c

[RaptureOrTribulation]

For a man that is so smart and on top of things. How could you not be aware that Barack Obama is owned by the New World Order just like Bush, McCain, Clinton, Paulson, Rice, Powell etc. I lost respect for you. You just another Sheeple that watches television and watches and believes the Major media. This is a controlled dismantling on the World Financial system by the New World Order. Wake UP!!!

[chumbels]

bush wnats to let one of auto makers to go down... gm..... whover obama choses for his economic team,they will be the chosen people. 2 trillion went to secret places..... china did a bailout,but they created jobs with it cause they spent it on infrastucture.... but the messiah is here

[Rockerchic4God]

As usual, Ticker Guy, you ROCK! I wish the new administration would put you in the new lineup to oversee the unwinding of this horrific mess. Thanx for the updates, and explaining things in a way we understand.

[yomeyo99]

Great video! Is it true that as the dollar gets weaker, the market goes up?

[housechores]

Yes. Dollar weakness goes with inflation. Inflation goes with a bustling economy. A bustling economy goes with a rise in commodities, a rise in commodities goes with a drop in the dollar.

[darrincoe]

I realy appreciate the information and the analysis.

darrin coe

[chromedreamz]

this country is so fucked i dont think Ron Paul could even save us now- the damage is done and irreversible. Paul would at least spare us are liberties

America is over

[badonkadonk34]

Another great vid - thanks

[DYBoulet2]

Thank you Mr. Denninger. As always, an informative video. I look forward to seeing how things will unfold from here.

It appear quite apparent to me that these last few weeks were calmer because of the US presidential elections, but as we go towards the G20 economic summit in Washington later this month, somethings will happen. I expect something BIG to fall just to stimulate discussions around the G20 table. What do you think about this meeting?

[kdenninger]

An utter waste of oxygen.

My suspicion is that Obama has figured out (now that he has full briefings) that there is a high probability of a dislocation before he takes office. Thus the "there's only one President" line - make good and damn sure Bush owns it if it happens.

G20? Please. I'd be impressed if the G19 (all but the US) said "will will ALL dump our US Treasuries tomorrow UNLESS you jail Paulson and the rest of the fraudsters."

Never happen, ergo, a nothingburger.

[wcarlpdrysdale]

I almost wet my pants,then I read the last sentience

[DYBoulet2]

Thank you Mr. Denninger for replying, I appreciate your straight-forward style!

[wbradd3797]

What about the talk that the G20 are talking about devaluing ALL currencies and re-inflating ALL asset prices in a new currency. By raising the current official central bank price of gold that monetizes a large enough portion of the world's outstanding debts.

Wondering what your thought are on this possibility?

[gunnerrat]

I feel quite strongly something will give next week. Not sure if it's directly or inderectly related to the G20, I wasn't able to get those details, but we're in for something big.

[wcarlpdrysdale]

wanna by some metal shorts real cheep? starbucks? are thay going to give us US Brittan Woods or Brenton Woods?

[motonegros]

It saddens me to see otherwise intelligent and enlightened people talk about how the Dumbo or Jackass political party will "do things different" or "fix things".

There ain't a damn bit of difference between "either" USA political parties. It's just the "good cop/bad cop mindfuck that the elites at the top play out on the naive and gullible USA'n taxpayer/voter.

[gunnerrat]

Amen. How much easier is it for us to argue with and fight over simple ideology and talking points instead of focusing on what's really going on and directing our energies at that. The public has become nothing more than a ping pong pall swatted back and forth by two parties, with the game run by a fixer.

[sugarpuddin88]

Gimme a break!

The USA is bankrupt & Oct 1st US Military troops are training to fight American citizens

US owes 96 trillion it has plundered & pledged to SS & Medicare

US plundered another 53 trillion from other trusts

US owes 10 trillion interest to a bunch of private bankers it allows to print money out of thin air

US owes on 12 trillion Freddie & Fannie; US owes untold to Bernanke's buddies on Wall Street

US is over and done with!

Thank god for my second citizenship

[Repomex01]

Thanks to the Homeland Security application process, I decided never to become a US Citizen after 35 years of living here. You are right U.S.A is toast. Am still cashing out my varios positions in all dollar denominated Investments. I guess Ticker Guy will enjoy the cool-aid served on Fema bus/train. Ladies and gentlemen we are headed into the worst situation ever. Many smart people know and are very aware of this.

[psbyowner]

all the greedy corporations scrambling for a hand out. its really quite pathetic. American Express getting a fast track banking holding corp to get some taxpayer candy. Whoever takes over for obama @ treasury will be king a-rab.

[VincentVonGoat]

Karl sir - have you heard any more info regarding the naked shorting of treasuries? I admit not to follow the ticker & have been eagerly awaiting any news/insight you may have.

[wcarlpdrysdale]

pleas increase the volume I can't hear you!!!!!

turn it up talk into the dam mic!!!

super glue the fuckin mic to your face !!!!

[Kheskeim]

Much appreciated insight-sharing Karl. I think you are right on the money. Certainly more right than 99% out there.

One thing strikes me in all this. If you follow this shit all the way to the gate, you see Greenspan with 1% rates and market-intervention (bailout of Long-Term Capital Management i 1999, Paulsons cue for CEO Goldman) as the direct cause of it.

He wouldn't have gotten there without political will behind him, which leaves us with Congress, Senate and Clintons administration.

[snake9782]

you offer great insight but voting for obama? thanks for voting for socialism. Outside of that I appreciate your views. Perhaps after 4 more years of getting trashed by a presidents we will be offered some one decent to vote for.

[kdenninger]

McCain had a clear opportunity to say "no bailouts, all fraudsters go to JAIL!"

He would have won in a landslide. When he instead showed up down here in Florida and started preaching about "supporting home prices" it became clear that he was going to do exactly nothing good and point fingers and blame Congress. No dice. If we're going to have a bunch of screwups I want nobody to be able to escape responsibility - thus, the same party has to be in control.

[forestlight5]

Thanks, KD.

[jailarson]

The fractional banking system is flawed from the beginning. Yes, you can have your ups and downs and play the game for a while. But. It was doomed from its inception. A financial system based on debt and interest is just not viable. You cannot create something from nothing.

[1fourall]

Karl, I really wish your ticker articles were like these videos, they are on spot, and really capture your emotion far better than what your writing does.... I'm not trying to be a jerk or say that your writing is bad.... it's just I can't stand to read the ticker because you really come off a lot different there than you do here.

[kdenninger]

The Tickers are a daily thing, depending on what's going on.

The videos aren't and can't be. They take quite a bit of time to make, and I can't be interrupted while doing one for obvious reasons.

Now if some intrepid TV network wants to pay me enough to make it worth my while to do that for a living, well, then you could get it every day somewhere like on CNBC :->

(Of course Cramer would have a coronary)

[CanterburyCat]

NYT's B. Herbert wrote: With credit cards maxed out, the stock market in the tank, family savings depleted and home equity evaporating, that weekly or monthly paycheck has never been so important."

But the jobs are disappearing, too. So......

[thbyrnes]

I'm a little disappointed that you voted at all, much less for someone who doesn't believe in free markest. A fully charged party in control will cause a great deal of damage.

It is plain to me that the powers-that-be (money behind elections) work it so they can get a single party is in full control every few elections .

It is precisely then that they place the most insidious rules on their 14th Amendment Citizens.

Government is not reason. It is not eloquence. Government is force..."

[kdenninger]

With both Houses and the Executive in one party's hands there is no fingerpointing.

If they make a mess of it, they'll have 2 years and that'll be that in the House, and in 4, you won't be able to find a "Democratic" party in Washington - they will be out on their ear and replaced.

It has happened before, you know. It will happen again if they don't do the right things here. Look at the '28/'32 electoral maps for how radically the people can shift in four years.

[thbyrnes]

Karl, I have to respectfully challenge this:

I like you and you have a very good understanding of the financial situation. However, you premised your voting strategy on the notion that the Republicans are somehow better... just look at what 2 years of Bush and his cronies did when they had full control.

There isn't a difference in the fundamentals of either party. Both are bought and paid for by the same people.

This time around it was the Democrat's turn.

[loquaciousmomma]

I am curious just what "the right thing" is to you? It appears that the democrats think that it is ever more socialization of financial problems, both on wall street and 'main street'. Just look at the proposal that has been made to turn 401k's and IRA's into GRA's, and the call to "save" the "Detroit 3". I keep hearing that capitalism is dead, doesn't this give the dems more power to enact ever more socialism? I hope this doesn't go as badly as it appears!

[DsmB2007]

You're RIGHT ON KARL!!!!

[lightleague]

I enjoy your videos kd, however I HAVE TO ASK... do you ever consider that the current market crisis could have been deliberately orchestrated? I often find that you usually point out at how the wrong decisions are continually made and things keep getting worse. I don't believe that these are just bad choices.

[kdenninger]

Read up on Occam's Razor.

You don't need intent, just stupidity, and there is no shortage of that anywhere in the Universe.

[lightleague]

Funny you should say that, I used to work for an attorney who recommended the same book to me when we talked about "conspiracy theories". I'll read it, but not sure I'll be persuaded. If it looks like a skunk and smells like a skunk...

[TheCZMan]

"I don't believe that these are just bad choices." Right on. Main problem is that US citizens cannot dissociate themselves from the group. They believe in "if it is good for the country, it is good for me"

Those "bad" decisions were not "bad" decisions for many other US citizens. You are just not part of the band wagon.

[lightleague]

I agree. I knew I could have made a killing buying Haliburton stock but chose not to, sometimes it's a choice not to get on the wagon.

[999manman]

I, for one, applaud your decision! The view is just as fine from the ground!

[TruestShadow]

The guy makes sense, and that would be the reason why no one will listen and this kind of misery will just get worse for the next few years.

Let the Auto Makers fail, something will take their place eventually. They let Lehman Brothers go down without even so much as a fight (which is a pretty decent reference to your companies getting acquired at fire-sale rates.)

[WholeDarnShow]

Did you say watch Ireland? What should I look out for here?

[kdenninger]

I did indeed. I believe Ireland has a leeeetle banking problem.

[WholeDarnShow]

Yip, entire economy was based on property & construction, gov was hella corrupt til recently too with respect to who could build where. News report today that inflation is continuing to go down.

[BrownFoxBoutique]

wow...you think the bottom will hit in 2012? Not sooner???

[bdc03]

I think 2012 is a conservative estimate.

[cmk7]

Damn! 2012 is supposed to be the end of the world too! I might as well cash out now!

[loqutor]

Thanks Karl. If Obama has sense, he'll make YOU Secretary of the Treasury.

[U2ForNow]

I am surprised to hear you say that you think Obama can fix this mess. Did I mis-understand?

[kdenninger]

If I get raped by Obama he will at least tell me he's going to do it first. I can thus clench a stick in my teeth. It still hurts but at least I'm ready.

[cmk7]

Lol.

[odin422]

I'm a mut.

[BendoverBernanke]

The democrats can be rewarded if the population believes they did the right thing. We all know how well the people pay attention to reality. We just had 8 years of Bush while he raped us in the dark, now it is Obamas turn. If your butt is sore in the morning, it is because your newly elcted officials had fun while you were not watching.

[ltexlaw]

I say let the big 3 fail. The pioneer spirit built the country. If a small business fails,no one is there for them. It is called capitalism. We can't bail out everyone. We are bankrupted. I say no bail out for corporations. Let them success and fail on their own.

[TheCZMan]

"The pioneer spirit built the country. If a small business fails,no one is there for them. It is called capitalism."

Maybe you missed the episode when the Indians bailed out the pionners with their free sponsoring...

[ltexlaw]

Here is the problem. When you let people like Paulsen,Bernake,Rockefeller and Rothschild take over and send their gangs to scare people, they will march over the earth and make people homeless and starve to death. Free men and free women don't allow thugs to take over to make them slaves. These people will make peaceful protest into violent revolution possible. The only solution to their 1984 Orwellian nightmare is 1776.

[anyusmoon1]

Karl- What part of the EVIDENCE that OweBAMA does anything but use the logic you seem to think is necessary when acting (voting) on behalf of right-headedness? BAILOUT, FISA, AMNESTY, AFGHANISTAN/IRAQ FUNDING, oh and did I say BAILOUT?

FOOLS all of you- that voted for OweBAMA.

[wbradd3797]

McCAin would have been no better he too is a CFR Member.

[CosmosPrivateer]

Very true, most of them are part of the system.

[Repomex01]

CFR used to be Called The Round Table or something like that

[tle021764]

Thanks Karl. Appreciate the update. Have a safe and happy Thanksgiving holiday.

[imtang0708]

Thanks ticker guy, you're more than helpful!!!

[dellsprospects22]

with the carmakers if they do bankruptcy what happens to the labor union deals & pensions?

[anyusmoon1]

All I can say is that when the airline industry went through a similar thing a few years ago, the 'reorganizations' resulted in (union agreed) pension slashing! 25 year veterans were SLASHED. It's criminal. How can you put your own money aside for future use and anyone DARE to think it's theirs to do ANYTHING with?

[dellsprospects22]

yup that's what i'm wondering/raising the point

[anyusmoon1]

yup and it's a necessary point to bring to the forefront. OweBAMA will undoubtedly 'protect' the pensioners with light-work duty and entitlements, rather than the moderate to heavy-duty work forces for 18-25 year olds. Of course everyone that REALLY WORKS is FUCKED.

[kdenninger]

The existing contracts are torn up and reset by the judge; the PBGC gets the pensions; they are reset to what can be funded with what's there.