The Tin-Eared Entitled: Let The Eat Cake: We Profit!

From The Daily Economic Update (Robert Denner) comes a cry of outrage over the mindless and heartless natterings of in infobabe on a popular TV network.

QUOTE This is the part of CHANGE that must be embraced. The current system is broken if it must see fit to starve fellow humans at the sake of turning a freaking profit for your retirement. This is a case where YOU can make all the difference. Stop feeding the monster and at least consider how your money is being used to destroy millions of lives. At the very least make sure that the funds you are investing in are DEVOID OF FOOD SPECULATION. And make sure you voice your outrage at Wall Street’s seeming INDIFFERNCE at the suffering of hundreds of millions of people.
You want to understand the anger that the 3rd world feels against the United States? This is one HUGE reason.
The absolute AMORAL delivery of that woman on CNBC still rings in my ears, even after 10 hours. How to profit from human misery, should have been the teaser they used as they went to a commercial break. UNQUOTE
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Daily Economic Update

Robert Denner makes more sense than any twenty "professional" financial reporters/observers rolled together and sifted. It is my great pleasure to introduce his brand-new blog, Daily Economic Update. I know Robert from the LATOC forum, where you can get your daily dose of doom and more importantly, some truly fine out-of-the-box thinking. Click on over to the Daily Economic Update and see for yourself!

DJY
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Denner's Take on Fannie & Freddie

I have followed Robert Denner's comments on and off for a couple of years. He is readable and well-informed, with a fresh viewpoint you won't find in your local paper. His slant is contrarian/bearish and he is very knowledgeable about Peak Oil ~ rare indeed. His writing is like cod liver oil ~ goes down nasty but is very good for you.

Be sure and click over and read his whole post.

From Daily Economic Update

QUOTE This doesn’t necessarily mean that the government will have to dole out 4 trillion dollars but it does mean that they will now backstop the rest of this collapse ON YOUR DIME and the first payment due is going to be about 200 billion dollars. How does our “free market” friends on Wall Street and all the other markets in the world react TO THIS SOCIALIST INTERVENTION IN THE MARKETS?? Why you guessed it, they are up on average about 3 to 5% this morning and the US markets which open in 45 minutes are up a stagering 260 points in premarket trading which will probably equate to a 300 to 500 point gain on the day.
You see watching charts can be a good thing for you .. The markets crossed over a very important mark on Thursday and that signalled to me that something had to give. As usual I BET ON THEM DOING THE RIGHT THING FOR ONCE and as usual I was proven wrong. Instead of just letting reality finally rule on the markets and to let the blood flow, they once again deferred the pain and they bailed out the Chinese and Japanese and all the other 60 some odd National Banks. NOW DO YOU SEE why the dollar went up and why I called it manipulation. This was a tit for tat move that has been in the works for weeks now evidently.
YOU MUST UNDERSTAND NOW THAT YOUR MONEY IS NOTHING TO THEM!!!!!!! The money sitting in the markets right now is nothing more than pure unadulterated GAMBLING and cannot be considered any thing close to an investment. Investments are good things that help to pave the way to the future. They are conservative uses of money and are meant to build a future that is bright and optimistic. If you have money in the markets(and that includes your 401k money) you must understand that it is nothing but a gamble at this point. If they, with the wave of a pen, can do what they have done this weekend, what do you think they can do to your “investments”. UNQUOTE
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