Market Madness; McCain Madness - The Blog Report - Zennie62

[AlanMolstad]

('Thank you for reaffirming...")

You are ever so terribly welcome.

Its no problem for me at all...

[AlanMolstad]

("There will always be mossad and sayanim like yourself to toss in some half witted comment...")

Oh now I feel bad,

Yes you made me feel so bad now SN ,

In fact I may start to cry too

Yes Im about to cry

I feel a tear about to fall...

Phhhht----Phhhht--P-Phhhhhhhtt­t

Nope sorry, just a little gas

Nevermind

[AlanMolstad]

sorta like I said, a "Fixaxtion"

[AlanMolstad]

("OK AlanMossad. What does my view on abortion have to do with anything I said?")

Kinda my point...

Concider:

Zennie's videos mostly center on stopping McCain and Palin and helping Obama win, with a bit of the market as topic once in a while in connection to this election.

SN, Just as my comment/question on abortion seemed a bit out of place to you, so did your comment of "EXPOSE THE JEW" seem a bit out of place to me...

[AlanMolstad]

SN,

Thats ahh,..umm..

a bit of a fixation you got there...

Tell me this, cuz Im curious about one thing-

On the issue of Abortion how do you stand?

Do you believe that all children no matter the age, have a right to life?

Or do you believe that if a child is taken out of the mother during an abortion and yet is still alive that that child should be left on the table to die all alone of neglect perhaps days later?

[CNN911Fakes]

The problem is that carlyle, ghwb's partners in crime, want their money.

Can't blame them for that.

I can blame them for the deaths of 16,000 American troops and about a million people from the middle east.

[AlanMolstad]

Still, when I find out,,,

Or rather when WE all find out who knew about the trouble with Fannie and Freddie and did nothing, turned a blind eye,

or worse yet, tried to cover it all up due to their incompetence... Then on that day I would support dragging out to the town square and hanging them by their heels!!!!

[AlanMolstad]

("Alan: And how's your winter in North Dakota?

Shrinkage?")

about 15%

[AlanMolstad]

This ALL started with the problems sneaking into Fannie mae Freddie Mac.

With the clear Rush of Congress to toss billions of dollars at the problem with no time to stop and have hearings or any type of investigation, one thing seems very clear to me....

"Collusion"

[AlanMolstad]

There seems a clear collusion between the guilty, and the incompetent.

Somewhere-somehow, we will have to learn the names of Congressmen and bankers who turned a blind eye to the problems with Fannie mae/Freddie mac.

We need to learn who is on the side of us taxpayers and tried to stop this,

and who needs to be hung by their heels with all their cronies

[AlanMolstad]

(But Alan... why did you pick North Dakota, of all places?) The black dirt... It's the best in the world More sky I dont wake up in the morning and hear a news report of how many "gang related/drug related" shootings were downtown the nite before Kids can walk to school, walk home White tail deer Walleye Land is still cheap No neighbors pounding to 'Keep it down" And we are not going to be smited by the Wrath of God (like the East and West coast) during Armageddon

[0lord0kinbote0]

ah, and more babbeling. William F Buckley style 'conservativism' was a response to radical leftist activism with obvious faults. It's not a mindset of the traditional mentality and has long since been integrated in to the leftist mentality.

The 'couch potato conservatives' you are discussing are the traditionalists and frankly, irrational element of the population. They are the extremists, in that they see tradition as correct, no matter the consequence.

[0lord0kinbote0]

Something I should add. I'm not a fan of a national pyramid scheme based economy. I realized as a teen that it was an absurd system. I assumed it would fail during my life as history really could not lead me to see it any other way. I didn't expect it to happen this late though. I wonder if talking will mean anything now. IT might be to late...

[Trunks800]

I was watching CNN tonight and that black guy name James Harris is a radio talk show host that was at McCain rally. He said he is getting heat and death threats for being at that rally and thought he was a sell out.

[Nexuszen]

I do think he was a Plant. the guy at the Mcain rally looked to me like

Radio Host Armstrong Williams. and umm could you change the music in your Blog? it reminds me of local news or the wide world of sports. just a suggestion.

[AlanMolstad]

The part I find the hardest to take?

The fact that we are getting advice for how to stop this Market Madness from the same people who caused it,

or had fallen asleep on their watch and allowed it to happen.

Everyone in Washington and New York wants "action" and no one wants "investigation"

"Do before thinking" is the rule of today

[AlanMolstad]

The jobless rate in North Dakota is worse now than it was last yer,

Yet our banks are NOT in the amount of trouble other state's banks are in.

Why not? you ask.

There was no push to give money to people who could not pay here.

There was no lowering the down payment plan here that cause the other banks to fail

[jamesrmaclean]

I'm interested in hearing more details about your plan, but I'm thinking that you might be interested in looking up Mundell-Fleming (it's a model of how international capital flows and macroeconomic conditions respond to monetary & fiscal policy.) If you're interested, drop me a line.

I'm thinking a plausible and convincing plan would include de facto nationalization of the FIRE* sector.

___________________

*FIRE: finance, insurance, real estate

[jamesrmaclean]

Excellent job, Zennie.

I have to say, I'm an economist and I really feel I learned a lot from your video. Very impressive.

A few points: I think you meant to say the Dow Jones Industrials (rather than the "market"); also, you say "The day today was incredibly wild" (I think you meant, "the last 7 days of trading on the NYSE"). Also, most journalists probably wouldn't describe Russia or China as "Communist." Missing country was India?

On all the substantial points, totally on.

[tfreakvids]

Interesting! Sorry for not being real clear on my comment.. but you know what I mean (I hope).. Thanks for the greats vids.

[tfreakvids]

Love your videos so dont take this the wrong way. You say that guy was a plant, but if the roles were reversed and a white guy stood up and said something like that to Obama.. No one would care. Are you assuming there is a race issue???..and this plant was to gain white supporters for McCain? Aren't these assumptions the basis of racism?.. If you go around assuming everyone is racist, then you are part of the problem. In other words, if you hate someone, it natural to have them hate you back.

[hellmuth26]

i love the theme music, sounds like an '80s "newsflash" thing.

[cureworks]

Economy as wild is an understatement. If I were a betting woman, I'd say the market would be lucky to stop at around 5,000. The lower it goes, the more the sell off.

If we had competent leadership, I'd have some hope.

I'm looking forward to the Zennie plan and hopes it includes a shift from an oil based to a hemp based economy. This easily renewable resource material can make 50,000 plus products including clean energy, food, medicine, building materials and clothes.

hempmuseum org

[0lord0kinbote0]

"I'm looking forward to the Zennie plan and hopes it includes a shift from an oil based to a hemp based economy."

Hemp fuels? Isn't the process for creating useable fuel from plants energy intensive, not to mention the growing process? I could see it as a great crop for food, medical, fiber/paper, insulation etc. But fuel (like we need for 'the grid') needs have to be met by something nearly free, like wind and solar.

[cureworks]

The process is explained in A. Dass' HOW TO MAKE BIO DIESEL. Youtube has great pieces too. Search. It's pressed oil mix. Hemp scrubs excess CO2 as it grows. Energy that is locally grown & processed creates green jobs. Hemp is a weed that can produce 4-5 crops a year. TOWARDS A GREEN ECONOMY by Lynn Osburn factors hemp energy into a modern economy. Check out Richard M. Davis, USA Hemp Museum HEMP FOR VICTORY: A GLOBAL WARMING SOLUTION, hempmuseum org, Jack Herer, Somayah Kambui & Chris Conrad.

[AlanMolstad]

The most likely replacement for corn is switchgrass but even that is a matter of much doubt.

The best would be a type of sugarcane that would allow the use of the whole plant in a high yield type of farming that has the high enough sugar content to make it worth planting.

Switch grass is about all I see on the horizon thats do-able.

Hemp is like raising buffalo or ostridge, it fills a minor market, has some fans but no real future

[0lord0kinbote0]

Yes I understand the process quite well. The issue I'm bringing up is energy and resource investment and payoff. The issue with most biofuel (including hemp mono-crops) is the most efficient investment/payoff ratio comes from common organic waste to fuel, not purposed crops. Hemp is great for just about everything else, it's an amazing weed. The issue economically for the USA though, is fuel. A low investment high payoff fuel can reverse our trend of 'borrow and bleed to survive' economy.

[AlanMolstad]

There are but two things to know about Wall Street to understand all the news that we hear from there...

#1 - All news is bad news.

(It does not matter a hoot what the news is, someone on Wall Street will think its bad)

#2 - Fear and Greed (with a strong herd instinct are the only things that drive the market)

[spikesmth]

I don't think trade barriers are the answer. I think we need to make our industrial policy favor industries that we are most competitive in. World trade is the best thing to save us, but the government role should be to direct our domestic economy to be most profitable worldwide. I think this would have the desired effect for average workers.

[wervasdeferens]

Good info Zennie!

David Brooks wrote a good article in NYT today,addressing the GOP's decline. You're right about the intellectual conservatives vs. "couch-potato" conservatives, and Brooks echoes some of your points.

I also agree with you about not seeing the forest for the trees in this economic mess.

And I'm glad you brought up Millken. It has always been my contention that supply-side economics is flawed,and laissez-faire capitalism has led to this collapse.Reagan started this.IMO

[0lord0kinbote0]

Oh, and a note. Right-Wing extremism uses the label 'conservative' to gain credibility, they are not conservative. A conservative american, based on history and american tradition, is a far left radical.

Can anyone name a right-wing movement not based on bigotry? It's part of recruiting the rejects of civilization to gain power.

[tanio12]

"A conservative american, based on history and american tradition, is a far left radical."

So what does that make Ron Paul?

[0lord0kinbote0]

A perversion of classic liberalism, owned by philip morris and exxon, run by corporate lobbyists and a far-right agenda. Even the pure capitalist mentality of classic liberalism excludes tyranny by industry.

His speeches/talking points sound great, but to support the constitution he has to abandon his far-right libertarian ideology, as it conflicts with the interests of his 'constitutionalist' platform.

[tanio12]

"His speeches/talking points sound great, but to support the constitution he has to abandon his far-right libertarian ideology, as it conflicts with the interests of his 'constitutionalist' platform."

Olord can you please explain that? I thought his constitutional ideas were in sync with what conservatives wanted?Also is there a difference between Republican and conservative. In other words one doesn't have to be a Republican to be a conservative or vice-versa?

[0lord0kinbote0]

A lack of jobs is THE issue. You know there are some futurists that believe unemployment is the norm, due to automisation as a norm in industry.

This goes past the Karl Marx 'death of fascism/capitalism' to communism mentality into the reality that humans aren't needed any more for much of the production.

Of course the old mentality of 'worker' based economy can not co-exist with cheap automation. I think it all leads to new trends killing old axioms.

[captcaveman4201]

i thought that same thing when i saw that guy sayin McCain i beg you. and yes FOOTBALL IS THE GAME!!

[driubi]

how can you go with the team that has a payroll over 3 times the size of the other team!? What happened to cheering for the little guy?!

that guy was definitely a plant though.

[tanio12]

Amen Zennie Ron Paul shut Mccain down and even he got attacked. Also Mccain/Palin cares nothing for couch potato conservative they are using them just like George Wallace used the hate mongers in the South until he took a bullet.

[herviews]

DON'T PANIC..EMBRACE THE CHANGE. Let the current monetary system fail so that a new Resource Based Economic System can emerge. This new system will benefit ALL.