Oldtent Archives 2007 - 2008

and 500 grains is Almost a Troy Ounce

  I love those pesos - you got a good deal. Pesos and pandas. Gotta love em’.

ugly.. but 1.2057 oz of gold .. ugly is in the eye of the beholder.. 1.2057 oz of gold beautiful.

remember the story of the ugly duckling .. she may be drab now.. but wait for the coming out party..

DJ White House Rivals Returning To Washington For Crisis Vote

LA CROSSE, Wisconsin (AFP)–White House contenders Barack Obama and John
McCain are to return to Washington Wednesday for a Senate vote on an economic
bailout package convulsing both Wall Street and Congress.

Campaign aides said the two senators would take part in the evening vote
after the House of Representatives sparked turmoil by rejecting the original
package.

Senator Joseph Biden, Obama’s vice presidential nominee, was also returning
to Capitol Hill, aides said.

Both Obama and McCain have said they will vote for the bill, which would
allow the government to buy up to $700 billion in bad, mortgage-related debts
from financial firms endangered by the collapse of the U.S. housing market.

Backers hope a successful Senate vote will prod the House to come on board,
with both McCain and Obama stepping up their appeals to party colleagues to put
the risk of economic disaster ahead of their own misgivings about the bill.

Some lawmakers expressed cautious optimism about winning over House rebels in
a second vote, after both Obama and McCain called for federal deposit insurance
for U.S. bank accounts to be raised for the first time in 28 years.

House Republicans want less direct intervention from taxpayers, and more
indirect support from the government through such insurance schemes.

The White House rivals raised the idea of boosting the Federal Deposit
Insurance Corporation deposit protection to $250,000 dollars from $100,000 in
separate telephone calls to President George W. Bush.

“The presidential candidates’ support for increasing the FDIC cap is welcome
news,” said House Republican leader John Boehner, who only reluctantly voted
for the bill Monday and struggled to control his recalcitrant members.

McCain said he also urged Bush to let the Treasury use a $250 billion
“exchange stability fund” to directly shore up Wall Street firms, and inject a
separate fund of $1 trillion to buy up distressed mortgages.

Obama was to head to Washington after a campaign rally in La Crosse,
Wisconsin, Wednesday morning, and McCain after giving an economic speech in
Independence, Missouri.

.

….anybody got Asian Quotes ?

……S & P Futures down 8…

Americans’ Views on Their Money Pre-Plunge

Just days before the historic plunge in the Dow Jones Industrial Average on Monday, 20% of Americans had seriously considered taking their money out of the stock market and 8% already had. But a majority (51%) were not too worried, or not worried at all about the money they have in banks.

http://www.gallup.com/poll/110818/Americans-Views-Their-Money-PrePlunge.aspx

Note: A Sept 30 Gallup Poll showing what Americans Think about thier money and the markets. Appears the vast majority are NOT concerned about thier money in the markets. Interesting….considering so many have phoned or written thier elected leaders stating thier desire not to see the banksters bailed out.

Heard on one of the radio talk show’s today that another poll showed the American People had even less trust for those in Washington, than those thiefs on Wall St.

Betcha the soon coming Elections are gonna be a hoot!

You forgot …..the politbouro must send 1/3 of the Kremlin’s district votes to the Senate before anything can be ratified ..how could you forget that…Why Dean Bronski shall hear about this before lunch break.

Bill
Look at the moral hazard these puppet masters are creating: Everyone went nuts calling their Congressmen to vote down the bail-out, why? because the stock market and other barometers (like Gold) were so manipulated that people were essentially saying “Where’s the fire”? So they let things slip a day to show everyone what the fire might look like for a deflationary scare, only to start the same old manipulations again today! How’s that gonna work? These clowns are caught in a web of lies of their own making, if they had the balls to show a true deflationary scare of where the market should be (Gold $2000 and Dow 8000 or worse) they’d have their banker bail-out plan done by now!
-Jim

If I remember …the house and the senate need 2/3 majority vote in both houses to override a presidential veto…..however, it seems most unlikely Bush will veto anything…..If they get just a simple majority, the presidential signature is required….So much for my limited poly-science knowledge. If I’m wrong….someone please correct me.

All the best.—-aggie.

America, Where It Pays to Fail

In the current financial crisis, the model of US capitalism has imploded with a big bang. But the Bush administration is trying to douse the flames with yet more fuel instead of water, and it wants to see Wall Street’s gamblers rewarded for failure.

http://www.spiegel.de/international/business/0,1518,581517,00.html

Note: Sometimes, it helps to get an outsider’s view of the American Situation. Those from other lands often shed new light, if not broader thinking, than the ’servants’ of the US Media force feed us.

I can put it on a new credit card Chase sent me to day. Not sure where they got my address.
I plan to put a dumptster under it to share with my goldbug friends. Looks like we may need it! Deadeye

the SEC has voided the mark to market rule with their new guidelies? Doesn’t matter if there is no market and the value is zero - it is what the owner says it is worth! Financial fraud! Humbug! Deadeye

those sob are playing with a stacked deck

cheers

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