Reply #50: Exactly, PLUS Theirs MORE!

[Up2Late]

After all the Massive UNFUNDED Spending, when the U.S. Government is just about to collapse under the weight, We (Democrats) Boot'em out of office and are left holding the bag, i.e., this forces the Democrats to raise TAXES! :bounce:

Not because we want to, but because we have to, see how that works? :crazy:

Then some JACKASS Republican (like *:mad:) comes along, an spends his whole election campaign telling the American Sheep, oh, I mean, the "Undecided Voter," that Democrats just LOVE to raise Taxes. :freak: I love that story.

:evilgrin:But don't worry, I personally think (and it looks like a lot CFO's and CEO's agree), that the U.S. Economy is going to collapse in 1-2 years. If * gets any of his Wacky plans through the Congress, it could be sooner. Check out these gems that were never reported on CNN or Fox "news"

Rampant Insider Selling Raises Red Flags - AP Reports Major Corporate Execs, Including Some From the Homebuilding Industry Are Dumping Stocks - Serious Predictor of a Coming Crash - Special Commentary by Michael C. Ruppert

In a pump and dump operation, those who can influence stock prices issue glowing reports which cause investors to put their hard-earned dollars into a stock right before it collapses. This is a wealth transfer from poor or middle class folks to the absurdly wealthy. Immediately prior to the stock's collapse, the guys on top cash out and then the price plummets. The bad guys have the cash and the little investors and pension funds have nearly worthless or severely devalued paper.

This AP story is especially alarming for a number of reasons.
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Rampant Insider Selling Raises Red Flags

By Rachel Beck
Associated Press
Dec. 14, 2004

NEW YORK - Talk about a double standard. While corporate leaders tout the benefits of investors owning their stocks, many executives seem to be running for the doors themselves.

Selling of shares by insiders - which includes executives and other top officers and directors at a company - has been rampant in recent months, with sales rising to their highest level in more than four years in November.

While no one can pinpoint an exact reason for that run-up, the implication is troubling since big insider selling is often considered bearish for the overall market as well as for individual stocks.

more at: <http://www.fromthewilderness.com/free/ww3/121504_insider_selling.shtml>
or
"Japan Threatens Huge Dollar Sell-Off"

Heather Stewart,
The London Observer
Sunday December 5, 2004

<http://observer.guardian.co.uk/business/story/0,6903,1366578,00.html>
or this

Opec sharply reduces dollar exposure

By Steve Johnson and Javier Blas in London
The Financial Times

Published: December 6 2004 21:12
Last updated: December 6 2004 21:12

Oil exporters have sharply reduced their exposure to the US dollar over the past three years, according to data from the Bank for International Settlements.

Members of the Organisation of Petroleum Exporting Countries have cut the proportion of deposits held in dollars from 75 per cent in the third quarter of 2001 to 61.5 per cent.

Middle Eastern central banks have reportedly switched reserves from dollars to euros and sterling to avoid incurring losses as the dollar has fallen and prepare for a shift away from pricing oil exports in dollars alone.
<clip> <http://www.fromthewilderness.com/free/ww3/120804_opec_dollar.shtml>

:party:and finally, my favorite this week, from Forbes.com <http://www.forbes.com/forbes/2005/0110/036_print.html>

A Word From A Dollar Bear
Robert Lenzner Daniel Kruger , 01.10.05

Warren Buffett's vote of no confidence in U.S. fiscal policies is up to $20 billion.
The dollar has fallen savagely against the euro for the past three years, and the trade deficit is running $55 billion a month. Is the currency rout over? Can the trade deficit be fixed with a rise in interest rates or an upward revaluation of the Chinese currency? Warren Buffett, the world's most visible dollar bear, says the answer to both these questions is no. His bet against the dollar, reported at $12 billion in his last annual report (for Dec. 31, 2003), has gotten all the bigger. Now his Berkshire Hathaway has a $20 billion bet in favor of the euro, the pound and six other foreign currencies.
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