Comments on: A Piece of the Stimuls Pie

By: Val Brasier

Val Brasier — Sat, 15 Oct 2011 02:56:17 +0000

I will immediately grasp your rss feed as I can’t find your email subscription hyperlink or newsletter service. Do you have any? Please permit me recognise in order that I may just subscribe. Thanks.

By: JonnyBoy

JonnyBoy — Wed, 05 Aug 2009 05:43:02 +0000

Tarp money, Stimulus plans, takeover of auto industry, banks, housing, healthcare . . . .
In the previous post, Ik says, “What I mean is that instead of wasting the money on pie factories etc., stimulus money should be spent on projects that actually make a difference.”
Then goes on to say “It is very unfortunate that most of the stimulus money is being spent this way or even in way more stupid ways.”
LAdies and gents – that is the whole point: the corruption is so expansive and invasive, and permeates every crack of our economic and political landscape, that we have become, by default, a veritble 1st World Banana Republic.
The only power we have – and I mean ONLY POWER – is when we call our representatives and rattle their cages to no end, until they shiver at the thought of being thrown out of office and losing their power. This is the equivalent of waving the crack in front of a crackhead -the politicians will do ANYTHING to keep that high.
That is what America has come to: unless we rise up with our anger and discontent, we will be steamrolled.
And Spitzer was right. Google “Secrets of the Federal Reserve.” Or “The Creature from Jekly Island”.
You will never look at our power structure the same again.
Turns out, our whole country, politically and economically, is controlled by the Fed. But who is the Fed?
Turns out, a cartel of international bankers that goes all the way back to 1773 and the Rothschild family of Hanburg, Germany.
See for yourself. Look it up.

By: IK

IK — Thu, 30 Jul 2009 15:33:57 +0000

Bill,
while I agree with you generally that stimulus is a scam, I think stimulus money could be actually useful if arranged properly. What I mean is that instead of wasting the money on pie factories etc., stimulus money should be spent on projects that actually make a difference. I know what you are thinking about my last sentence and therefore I need to give you an example.
The era with value systems based on grabbing as many resources as possible to become “wealthy” as compared to the poor chaps from whom you took their wealth will end. I am not a communist or a socialist, and don’t need to be any of the other curse words in order to think and feel that a society that values scarcity as wealth is doomed in the long run. What makes a community strong is the collectively added value that makes the whole community more than just the collection of its parts. But a community where 1% of the members own 90% of its wealth can not possibly be strong, and will be doomed. When wealth is measured as a contrasting figure against poverty and not a general measure of well-being, the community will be doomed because the key ingredient for its strength is missing.
The only meaningful way I can see for the stimulus money to be spent is to change the society’s value systems to value community as a whole, not just some of its members who have been successful at grabbing resources. And although this sounds obscure, it is possible to come up with projects that fit this criteria. I know this because I am working on projects like these and am planning to apply for some of the stimulus money. But pie factories etc. – I completely agree that all that is just BS. It is very unfortunate that most of the stimulus money is being spent this way or even in way more stupid ways. The fact is that the people who put that money out there have absolutely no clue how it should be spent to make a difference. Very unfortunate.

By: Lost & Found

Lost & Found — Thu, 30 Jul 2009 14:39:12 +0000

If it is true, what you wrote earlier, that the feds restrained themselves from opening the gates as much as they had wanted resp. as they had intended to do (because Marc Faber and other voices of criticism) why should they start accelerating their idiocies when prices fall (deflation)? The point of their monetary policies wasn’t to save the economy but to save the financial system in the first place which they think they achieved.

By: Lost & Found

Lost & Found — Thu, 30 Jul 2009 14:23:25 +0000

When push comes to shove all women are hookers. So who cares?

By: hm

hm — Thu, 30 Jul 2009 13:58:13 +0000

**feel a need**

By: hm

hm — Thu, 30 Jul 2009 13:56:00 +0000

Poor Spitzer, he didn’t feed a need to watch his back while he took on powerful banks, insurance companies, and brokerages. If he had been careful, he might have slowed the corruption a bit, not much though. Most companies escaped with fines under his watch.

By: lainvestorgirl

lainvestorgirl — Thu, 30 Jul 2009 02:31:55 +0000

“Poor Spitzer resigned as governor of New York in March 2008. At the time, he had been warning about sub-prime mortgage loans. Some think the feds found a way to silence him – by revealing that he had a bad habit…$1,000-an-hour hookers.”

This is the first source I’ve found with that piece of information, interesting. If there is a conspiracy to protect the crooked Fed, should Bonner be looking over his shoulder? LOL

By: Ronald Langereis

Ronald Langereis — Wed, 29 Jul 2009 22:03:39 +0000

>> Of course, the banks are doing well. They earn money without taking the risk of lending to the real economy. But what good does it do? None. <<

However, there might be some “good” in it. The ECB stimulus enables banks to keep buying bonds from EU governments, that otherwise’ld have had difficulties in rolling over their debts, like, say, Italy. So, this scam is keeping the circus going, and guanrantee low interest rates to stay.
These banks can hardly object to puny interest rate levels, as the ECB might scrunch them, if they did. Maybe, they’re both in it, a perfect double bind, and a win-win both ways.

I always enjoy your insightful articles, Mr. Bonner.