I like Jim Cramer's take on the whole auto business bailout. Of course you probably already seen this clip msnbc.msn.c om/id/21134540/vp/31091647#31082960
How is America bankrupt? Everything seems fine to me, yet you say that all levels of Govt in America are bankrupt. I don't understand your point of view.
@dave777blaster "As the states and cities begin to go bankrupt
even the police will find that they too are bankrupt as the army takes over their duties."
==
Either the citizens or the police or the military has to arrest the enemy within which is the Israeli bankers. The Israeli bankers are the terrorists who masterminded & carried out the 9/11 attacks so they could use it as an excuse to war profiteer. War profiteering & stealing is their main business.
A meteor will hit 500 mi offshore and destroy New York City (Babylon, NWO ) in 15mos- Rev 18:21, the word MILLSTONE in scripture is the impact area now identified as the site of the Nuclear power plant "MILLSTONE The meteor is the same one in Rev 8:8 it will destroy the entire Eastern coastline inland for 600 mi.
The Twin Towers fell in one hour Rev 18:10, Isaiah 30:25 ends NEW YORK, Rev 18:21 (fallenstar . us)
Unconstitutional use of the tarp funds? The tarp fund itself is unconstitutional.
Anyway, the verdict is in, the supreme court will not uphold the law and the bankruptcy is going through. I guess I would think twice in buying any American owned company's' bonds.
Unfortunately Chrysler deal has finally gone through. Secured debt/bond holders will see their rights usurped. This is exactly the behavior which causes extremisim. Like insurance company not paying out insurance claim, cause it will bankrupt the company which is too big to fail, approved by the justice system for the same reason.
If you have a President (Bush) who is a war criminal and is doing speeches for cash without consequence. I don't expect the rule of law to be followed with contract law either.
Its turning into every-man for himself, that's why I don't own "paper" anything you can't even trust the government to up hold basic contract law.
if she does not rule in favor i think it is just one more tick mark going towards fascism and the fact the America is no longer the land of the free but the land of the slave.
I don't recall the government breaching contracts to give unsecured interests a higher stake than secured creditors. They took on less risk for less return, and instead ended up with more risk for less return. This sends a terrible message to anyone looking to invest, and I hope it leads to monstrous bond yields to compensate for the new risk of being bumped down the totem pole on claims to assets and cash flows.
Ginsberg issued 24 hour stay. They will hear this for sure. This is capitalism last gasp and it is up to the judges if fascism wins. Obama has to be pisssed right now!
Yep. That why I was saying things are about to get interesting. If the court upholds the bondholders rights, Chrysler will be liquidated. GM will be next!
Again, I am making reference to the capital markets. Screw with someones money and find out happens. Ignoring the laws of capital structures will scare private money out of the game. Good luck financing a 1.8 trillion dollar deficit under those conditions.
For the past few months I've been wondering, Where is the Justice Department? How can the ratings agencies rate anything after rating toxic securities AAA? How can Wall St folk go on network TV (60 Minutes), say right into the camera "We knew it was wrong, we knew people couldn't afford their mortgages, but we did it anyway," and just walk away? And then you have the Treasury... I really hope the Supreme Court hears this case and administers a belated smackdown.
Unbelievable. Just out of curiosity, do you know the history of the US?
Arbitrary change is what enables capital fixation. The US has always changed laws whenever and whereever in order to introduce a differentiation in the offer.
Why investment from western world in China will not happen without a US government to keep in check China?
Because western investors have thrived through changes of rules in the middle of the game and now fear that without the US government, China adopts the
Unbelievable. Just out of curiosity, do you know the history of the US?
Arbitrary change is what enables capital fixation. The US has always changed laws whenever and whereever in order to introduce a differentiation in the offer.
Why investment from western world in China will not happen without a US government to keep in check China?
Because western investors have thrived through changes of rules in the middle of the game and now fear that without the US government, China adopts the
same tactics and start to fleece them out by a change in rules. It would only be a fair return of manners.
People will keep investing in the US, all people who depend on the US strength to keep others in check and not be treated the way they treated others.
Many western investors grew a lot richer by the US changing rules in the middle of the game. By doing so, the US trapped them and they will keep investing in the US because they can go nowhere else.
It will be interesting to see if the Supreme Court can find an enumerated power within the Constitution that would allow the executive branch to lead us into fascism.
My guess is that they will refuse to hear it. I REALLY hope I'm wrong.
I think you completely missed the point. You can't change written laws because the results don't favor your objective. Private capital will leave and never return if you change the rules in the middle of the game. The Supreme Court must do the right thing, You mentioned laws on racism and sexism and I agree that justice does not always prevail here. But in the capital markets changing the rules has dire consequences for funding corporate debt.
Yes Chrysler and Fiat. Fiat is making a new "jeep." Loss of sovereignty starts with loss of manufacturing and this started years ago.
UnitedCorpOfAmerica 1 year ago
make that, "Either the citizens or the police or the military have to arrest the enemy within which is the Israeli bankers."
This is the number one mission that the USA must accomplish. It's not impossible.
ExoticGawdess 1 year ago
They are racketeering.
The corporations are helping the criminal Israeli bankers to destroy the USA's economy.
ExoticGawdess 1 year ago
I like Jim Cramer's take on the whole auto business bailout. Of course you probably already seen this clip msnbc.msn.c om/id/21134540/vp/31091647#31082960
BankRampage 2 years ago
We will have a new world order...if you like it or not. But it will be an order based on the terms of the people.
younitehumanity 2 years ago
All of America is bankrupt this is a cascade of bankruptcies. Everything is bankrupt including all level of Govt in the USA.
most Americans as well are bankrupt or are 1 job away from bankruptcy.
with millions more jobs to collapse many who think they are safe will find they are not.
As the states and cities begin to go bankrupt
even the police will find that they too are bankrupt as the army takes over their duties.
dave777blaster 2 years ago 4
How is America bankrupt? Everything seems fine to me, yet you say that all levels of Govt in America are bankrupt. I don't understand your point of view.
Lingerfoot 2 years ago
@dave777blaster "As the states and cities begin to go bankrupt
even the police will find that they too are bankrupt as the army takes over their duties."
==
Either the citizens or the police or the military has to arrest the enemy within which is the Israeli bankers. The Israeli bankers are the terrorists who masterminded & carried out the 9/11 attacks so they could use it as an excuse to war profiteer. War profiteering & stealing is their main business.
IT'S A DUTY TO ARREST THE ENEMY WITHIN.
ExoticGawdess 1 year ago
Contract law will continue to work only it can never be inforced
except in case where money can be taken from middle class.
jobedied 2 years ago
I will take Tims cogent remarks over your moronic dribble any day. I personally think Tim is doing an outstanding job.
Bassmarko 2 years ago
A meteor will hit 500 mi offshore and destroy New York City (Babylon, NWO ) in 15mos- Rev 18:21, the word MILLSTONE in scripture is the impact area now identified as the site of the Nuclear power plant "MILLSTONE The meteor is the same one in Rev 8:8 it will destroy the entire Eastern coastline inland for 600 mi.
The Twin Towers fell in one hour Rev 18:10, Isaiah 30:25 ends NEW YORK, Rev 18:21 (fallenstar . us)
ravenwolf789 2 years ago
Bah, that txt was intented to geiheid. geiheid is a troll, go to another channel dood! go drink your koolaid
ericrauda 2 years ago
Troll
ericrauda 2 years ago
Unconstitutional use of the tarp funds? The tarp fund itself is unconstitutional.
Anyway, the verdict is in, the supreme court will not uphold the law and the bankruptcy is going through. I guess I would think twice in buying any American owned company's' bonds.
christo930 2 years ago 2
Not only that but investors will be wary of buying any more Govt./ American company bonds and shares if the contract is not honored.
jahan07 2 years ago
Unfortunately Chrysler deal has finally gone through. Secured debt/bond holders will see their rights usurped. This is exactly the behavior which causes extremisim. Like insurance company not paying out insurance claim, cause it will bankrupt the company which is too big to fail, approved by the justice system for the same reason.
jahan07 2 years ago
If you have a President (Bush) who is a war criminal and is doing speeches for cash without consequence. I don't expect the rule of law to be followed with contract law either.
Its turning into every-man for himself, that's why I don't own "paper" anything you can't even trust the government to up hold basic contract law.
boots920 2 years ago
Well Like I posted yesterday the Supreme Court has rules in Chrysler's favor. Bye bye contact law. Just the first to fall. MOre to come.
truthsabre7 2 years ago
if she does not rule in favor i think it is just one more tick mark going towards fascism and the fact the America is no longer the land of the free but the land of the slave.
REVOLTbydesign86 2 years ago
Quote Alan Greenspan: "Enjoy life while you still can"
Mongodelight 2 years ago
What did Mr. Greenspan mean by that?
Lingerfoot 2 years ago
hmmmm, interesting. I like your videos 4caster. plz make more.
ericrauda 2 years ago
Someone pointed out GM and Chrysler survived the Great Depression but couldn't survive this "recession"... makes you think, eh?
ChromeClapper 2 years ago 2
will the gov just pay off the shareholders? and push the bankruptcy through? seems like the most likely scenario to me. comment plz
ericrauda 2 years ago
It would cost them to much moeny to do that. Chrysler would be liquidated to make the bondholders whole. It would be bye-bye Chrysler!
Economic4caster 2 years ago
I don't recall the government breaching contracts to give unsecured interests a higher stake than secured creditors. They took on less risk for less return, and instead ended up with more risk for less return. This sends a terrible message to anyone looking to invest, and I hope it leads to monstrous bond yields to compensate for the new risk of being bumped down the totem pole on claims to assets and cash flows.
dmger14 2 years ago
You summed it up nicley! Good job!
Economic4caster 2 years ago
Ginsberg issued 24 hour stay. They will hear this for sure. This is capitalism last gasp and it is up to the judges if fascism wins. Obama has to be pisssed right now!
HotSpringSpas 2 years ago
Yep. That why I was saying things are about to get interesting. If the court upholds the bondholders rights, Chrysler will be liquidated. GM will be next!
Economic4caster 2 years ago
Again, I am making reference to the capital markets. Screw with someones money and find out happens. Ignoring the laws of capital structures will scare private money out of the game. Good luck financing a 1.8 trillion dollar deficit under those conditions.
Economic4caster 2 years ago
Why you cruising?
MrSkaramanga 2 years ago
Can't you just post a link to the article? we could just read it ourselves.
Rotohel 2 years ago
It is his video so he does it the way he wants. If that bothers you. Happy trail to you.
Mahalalel3 2 years ago
Wouldn't be youtube if everyone did that.
JMehrman 2 years ago
Thanks for posting this. I hope Justice Ginsberg upholds the law...and it would be nice to see GM shaking in their boots.
fal2grace 2 years ago
I'm a new subscriber, living in France for the healthcare, primarily, and really appreciate these videos. Keep up the good work, and best to you.
slobomotion 2 years ago
Someone once said "Either contracts are contracts or we live in a banana republic."
If the bond holders loose this one, and they probably will, it seems the latter is true.
My advise is get use to it, and deal with your money accordingly.
danmcc22 2 years ago 2
For the past few months I've been wondering, Where is the Justice Department? How can the ratings agencies rate anything after rating toxic securities AAA? How can Wall St folk go on network TV (60 Minutes), say right into the camera "We knew it was wrong, we knew people couldn't afford their mortgages, but we did it anyway," and just walk away? And then you have the Treasury... I really hope the Supreme Court hears this case and administers a belated smackdown.
JoshuaSethComposer 2 years ago 4
I agree if rules of investing can be arbitrarily changed in the middle of the game to favor certain groups, no one will want to invest in the U.S.
optiontrader11 2 years ago 2
Unbelievable. Just out of curiosity, do you know the history of the US?
Arbitrary change is what enables capital fixation. The US has always changed laws whenever and whereever in order to introduce a differentiation in the offer.
Why investment from western world in China will not happen without a US government to keep in check China?
Because western investors have thrived through changes of rules in the middle of the game and now fear that without the US government, China adopts the
TheCZMan 2 years ago
This has been flagged as spam show
Unbelievable. Just out of curiosity, do you know the history of the US?
Arbitrary change is what enables capital fixation. The US has always changed laws whenever and whereever in order to introduce a differentiation in the offer.
Why investment from western world in China will not happen without a US government to keep in check China?
Because western investors have thrived through changes of rules in the middle of the game and now fear that without the US government, China adopts the
TheCZMan 2 years ago
same tactics and start to fleece them out by a change in rules. It would only be a fair return of manners.
People will keep investing in the US, all people who depend on the US strength to keep others in check and not be treated the way they treated others.
Many western investors grew a lot richer by the US changing rules in the middle of the game. By doing so, the US trapped them and they will keep investing in the US because they can go nowhere else.
TheCZMan 2 years ago
Thanks for following up on this.
It will be interesting to see if the Supreme Court can find an enumerated power within the Constitution that would allow the executive branch to lead us into fascism.
My guess is that they will refuse to hear it. I REALLY hope I'm wrong.
frgtmygld 2 years ago
Contract law one of the first to fall. More to come.
truthsabre7 2 years ago
No, it is upheld when they want to, such as with the AIG bonuses.
slobomotion 2 years ago
Ask a Chrysler Bond Holder.
Why o u think the govt wanted the bond holders to only get pennies on the dollar, when they should be getting all they invested.
truthsabre7 2 years ago
The don't have to "win" to destoy all we hold important..not to mention our economy.
rexoid 2 years ago
I think you completely missed the point. You can't change written laws because the results don't favor your objective. Private capital will leave and never return if you change the rules in the middle of the game. The Supreme Court must do the right thing, You mentioned laws on racism and sexism and I agree that justice does not always prevail here. But in the capital markets changing the rules has dire consequences for funding corporate debt.
Economic4caster 2 years ago
kudos
or97035 2 years ago