Posts Tagged ‘wall street’

I have to wholeheartedly agree with Gerald Celente’s comments and observations. There is NO reason for Wall Street to be at the 10,000 level. There is no “recovery.” There is no recession either. This is indeed a depression.  Wall Street’s actions this week are just the results of more fictitious acts that We the People are supposed to buy into.  Man, are we all watching the same emperor here or what?  He has NO clothes, folks.  You do know that our own government is playing the market in order to help create this facade, right? In fact, there is just about as much of a reason for the market to be at 10,000 as there is for Obama to be awarded the Nobel Peace Prize!

See Celente’s comments here: http://www.wnd.com/index.php?fa=PAGE.view&pageId=112452

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Statistically, small business owners provide the largest percentage of jobs in the U.S. — yes an even larger percentage of jobs than all of those bail-out “worthy” industries. In spite of all of the bail out monies that were supposed to loosen up the purse strings of banks in order to strengthen small businesses in extremely tough times, small businesses have become ignored and have nothing to show for any of the so-called efforts on their behalf. In fact, even without the economic crisis that is truly upon us, historically small businesses get very, very little considerations, tax breaks, or other incentives to operate their businesses.  As a result, the economic drain our nation is experiencing is merely a manifestation of a long time attitude apathy towards what really makes this country healthy.  Is it any wonder that the job loss in the last 12 months has been the worst it’s been since the World War II era?  Over 250,000,000 jobs were lost in 2008 and that doesn’t take into account the millions of individuals who were forced from full-time employment to part-time, nor does it take into account the self-employed individuals who have had to hang up their dreams and stand in the unemployment line with millions of others.  In my opinion, the economic crisis could have been averted long ago, and even the Wall Street and mortgage disaster impact lessened had national and state leaders paid more attention to the needs of small business owners.


When a CEO runs a company into the ground, it’s an innocuous entity.  The CEO is merely losing his regular pay check and other corporate perks. But when a true small business is run into the ground, chances are high that the life savings of the business owner, customers they’ve become friends with, and long-time employees they’ve connected with personally suffer through the carnage of such an event.  By the time the doors are finally shut on a small business, great sacrifices have already been for its survival.  Great personal financial risks such as mortgaging personal homes to the hilt, stripping it of all available equity only to find the value dropping far below the lien amount months later, and cashing in retirement and savings accounts just to last as long as possible in hopes that a life preserver will come their way.  And yet for all of this sweat, tears and sacrifice, small business owners can’t lay claim to appropriate health insurance tax deductions, can’t get access to the same affordable health care packages that large corporations enjoy, and are inundated with paper work requirements while their larger counterparts have enormous legal and accounting teams to deceive their shareholders. 


When a small business owner sees fit to terminate an employee who steals from them or conducts themselves inappropriately, the state still requires them to pay unemployment benefits unless such an infraction is specifically outlined in some kind of written form that the employee has manifested the receipt of. 


Large corporations have money and staff to handle these items. Many such monies derived by secret government contract negotiations, unfair labor practices, political connections, and international outsource savings. In contract, small business owners are beat up every which way they turn.  They pay sales taxes when they purchase items to make their businesses run better, or make their jobs easier, and then they are assessed additional taxes by their cities on those same items merely because they possess them. 


Long ignored is the fact that small businesses historically pay better average wages than big corporations, and discounted is the fact that employees are typically more satisfied working for a smaller business.  There is absolutely nothing done to throw a rope for small businesses in spite of their obvious strength to the economy which has been historically present for over a century! 


We’ve heard the saying “money talks.”  The current economic crisis is not as a result of Wall Street collapsing, a residential mortgage scandal, or the ineptness of the Federal Reserve. It’s an inevitable manifestation of ignoring the goose the lays the golden eggs. I wonder how much worse things have to get before the REAL talking money gets listened to.

Copyright 2009 Kellene Bishop. All rights reserved.
You are welcome to repost this information so long as it is credited to Kellene Bishop.  

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Do the Math: 

A very popular e-mail is making the circuit in the last several days espousing a new theory for what to do regarding the bail outs.  The e-mail is as follows—however, there are some very grave errors in the proposed theory.

I’m against the $85,000,000,000.00 bailout of AIG.  Instead, I’m in favor of giving $85,000,000,000 to America in a We Deserve It Dividend. To make the math simple, let’s assume there are 200,000,000 bona fide adults in the U.S. 

Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up. 
So divide 200 million adults 18+  into $85 billon that equals $425,000.00.
My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend.
Of course, it would NOT be tax free.  So let’s assume a tax rate of 30%.
Every individual 18+ has to pay $127,500.00 in taxes.  That sends $25,500,000,000 right back to Uncle Sam.  But it means that every adult 18+ has $297,500.00 in their pocket.  A husband and wife has $595,000.00.  What would you do with $297,500.00 to $595,000.00 in your family?

  • Pay off your mortgage housing crisis solved



  • Repay college loans what a great boost to new grads
  • Put away money for college it’ll be there
  • Save in a bank create money to loan to entrepreneurs.
  • Buy a new car create jobs
  • Invest in the market capital drives growth
  • Pay for your parent’s medical insurance health care improves
  • Enable Deadbeat Dads to come clean or else 

Remember this is for every adult U S Citizen 18+  including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces.
If we’re going to re-distribute wealth let’s really do it…instead of trickling out a puny $1000.00 ( ‘vote buy’ ) economic incentive.
If we’re going to do an $85 billion bailout, let’s bail out every adult U S Citizen 18+!
As for AIG

  • Liquidate it.  Sell off its parts.
  • Let American General go back to being American General.
  • Sell off the real estate.
  • Let the private sector bargain hunters cut it up and clean it up.

Here’s my rationale. We deserve it and AIG doesn’t.
Sure it’s a crazy idea that can ‘never work.’
But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC.
And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.

Ok. So here’s the problem.  Many are forwarding this e-mail on to others (including me…*she says sheepishly* without doing the MATH.  The math is not $425,000.  It’s $425 dollars. And after taxes that won’t even pay for mortgage payment in most homes in this nation.  The sorry thing is, and this includes me, is that so many times we as Americans do not demand the appropriate checks and balances necessary to truly be free.  We are constantly subjected to numbers and so-called solutions which are not properly vetted, or disclosed to the American people.  The lawmakers are constantly hiding this financial provision here and there.  Frankly I firmly believe that if we had cause to pass a piece of legislation that laid out a woman’s right to life in the U.S. even after she was subjected to a rape, that some moronic lawmaker would refuse to pass it without sneaking some financial boon to himself or his cronies. 

I fully realize that not bailing out AIG, for example would create an enormous loss of wealth to many individuals who invested in AIG.  Seeing that all over the news would pain be almost as much as witnessing the remains of a terrorist attack.  The fact is, this mismanagement of funds is a terrorist attack on our nation’s backbone, but it’s perpetrated by big-wheeling deal makers who do not have appropriate accountability and oversight.  While the retirement funds would be obliterated, you must understand that we’re already in an “Emporer’s New Clothes” scenario, folks. The retirements of the middle class have already dwindled down to virtually nil thanks to the devaluation of the dollar, inflation–which is orchestrated, and criminal mismanagement of funds.  With us bailing out AIG we are in essence saying, yes, Mr/Ms. American citizen, you made a poor choice in your investment but the rest of the American people are going to atone for that error and pay for the mistake for you—even those who can’t even fathom ever owning a home, let alone an investment account of hundreds of thousands—AND we’re going to let the real perpetrators of the debacle walk or even salvage their big profits in doing so. 

Additionally, even if the numbers were real on this, it would only compound the problem of watering down the value of our currency which the Federal Reserve has already mastered quite well.  Inflation IS a tax manipulated by those in power.  And it’s a hefty one at that. 

Our currency is mismanaged, our taxes are mismanaged, and now when we discover just how badly our so-called backbone of the economy—Wall Street—has mismanaged their jobs, we’re compounding the problem.

Mark my words. This debacle enslaves all middle and lower class tax payers even more harshly than if the true consequences were allowed to play out.  At least then, those responsible would be forced to suffer the results of their actions. As a nation I believe we can suffer through the natural fall-out while being given the opportunity of a wake-up call.   You can’t “repent” of your actions by forcing someone else to “atone” for you. (I believe there’s only one person who’s authorized to do that.) And yet that’s exactly what is being forced upon the American people.

Copyright 2009 Kellene Bishop. All rights reserved.
You are welcome to repost this information so long as it is credited to Kellene Bishop.  

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