Credit markets aren't good today. it's all about what happens over the next 5-7 days.
President Hoover is going to address everyone..... That is super scary... I wish he would throw himself onto his sword.
So, this "rescue package" for our economy... is going to cost you $3000.
What are you going to get:
We are buying assets, and besides the assumption that we will buy a bag of empty rocks, we will be able to resell them possibly at a profit. Some suggest treasury borrows at 3% and some say the federal government could make 15%. Net profit 7%,
Well there are chances it won't cost you a dime For that $3000 you could end up making Money in the long term.... that is optimistic... we all know how government works.
there are people who say it's all a conspiracy to skrew you.
Here is what else you get:
Pilgrims pride, needs to raise some short term money right now. And can't do it. Today the shares were halted. without that short term borrowing, they will be unable to pay employees and could Collapse as a company in the next weeks.
Yep those Wall street fat cats, that put chicken in packages and sell it to you at the Grocery store...... Yep... Those "WALL STREET FATCATS" selling you chicken... need to be punnished right?.... Well there are a few thousand more people that won't be able to pay their bills.
Well we will show them.... Damn Fat cats working in a Chicken processing Factory Pulling feathers off of chicken...... YEP..... MAKE THEM PAY....
Just this week it announced it was cutting 100 jobs, in addition to 600 positions that have already been eliminated at its El Dorado, Ark., plant. The move, the company said, was to help shore up costs and return to profitability.If the creidt markets lock up this will only be one of the first, it will spread like a plague.
This stuff scares me..... I think we could honestly cut off or noses to spite our face. We could all do it just to screw President hoover..... All because he comes off like the little boy who cried wolf....
well the wolf is here, don't doubt it.
Warren Buffett said we were lucky to have Paulson as treasury secretary..... But what does Buffett know. "He is just one of those Wall street fat cats, trying to skrew us."...
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