http://www.kitco.com/ind/willie/jan032008.html


snip
The year 2008 will be the year that THINGS JUST PLAIN BREAK. It will
be a truly deadly year, unavoidably lethal to the USEconomy and
especially to the US banking sector. Nothing has been repaired. Some
tangible solutions will be offered in the next section, all legitimate
in a real world. However, we do NOT live in a real world, but rather
in a Fairy Tale world of US Hegemony and Wall Street with a choke hold
around the US entire system. Managed inflation is the policy never to
be reversed, until total breakdown occurs. Treason is rampant, called
simply Power Games. All attempts so far are to shore up the existing
system, to enable Wall Street to sell as much of their damaged asset
backed bonds to suckers, and to avoid international lawsuits against
Wall Street firms. In 2008, an alarming sequence is assured of
enormous damage that puts the entire US economic and financial system
in a perilous situation. The powers survived the end of 2007, with
heavy usage of band aids, rubber bands, and paper clips, but reality
continues to itemize a relentless sequence of unfixable, tragic,
intractable problems. The pressure points are big banks suffering from
insolvency, prime mortgage bonds destined for massive losses,
consumers without kitties to rob to keep spending, a worsening housing
market from chronic inventory bloat, and deepening problems in the
lending industry frozen from insolvency and distrust. Pitch in a
global resentment of US fraud and heavy handed tactics, especially
from the last couple decades.

What a prospect! Almost all of Wall Street firms are bankrupt, but
still in control of the financial media. Citigroup is dead in the
water,

The Village Idiot, Knews4u returns with his usual drivel.

knews4u2c...@yahoo.com> wrote in message

news:2b66f3fb-3876-4ade-8ed1-5cecce474f17@q39g2000hsf.googlegroups.com...



http://www.kitco.com/ind/willie/jan032008.html

snip
The year 2008 will be the year that THINGS JUST PLAIN BREAK. It will
be a truly deadly year, unavoidably lethal to the USEconomy and
especially to the US banking sector. Nothing has been repaired. Some
tangible solutions will be offered in the next section, all legitimate
in a real world. However, we do NOT live in a real world, but rather
in a Fairy Tale world of US Hegemony and Wall Street with a choke hold
around the US entire system. Managed inflation is the policy never to
be reversed, until total breakdown occurs. Treason is rampant, called
simply Power Games. All attempts so far are to shore up the existing
system, to enable Wall Street to sell as much of their damaged asset
backed bonds to suckers, and to avoid international lawsuits against
Wall Street firms. In 2008, an alarming sequence is assured of
enormous damage that puts the entire US economic and financial system
in a perilous situation. The powers survived the end of 2007, with
heavy usage of band aids, rubber bands, and paper clips, but reality
continues to itemize a relentless sequence of unfixable, tragic,
intractable problems. The pressure points are big banks suffering from
insolvency, prime mortgage bonds destined for massive losses,
consumers without kitties to rob to keep spending, a worsening housing
market from chronic inventory bloat, and deepening problems in the
lending industry frozen from insolvency and distrust. Pitch in a
global resentment of US fraud and heavy handed tactics, especially
from the last couple decades.

What a prospect! Almost all of Wall Street firms are bankrupt, but
still in control of the financial media. Citigroup is dead in the
water,

Despite the hefty losses Citi has suffered, it is still reporting a profit
for the year. And the same is true of most of the players hit hard by the
sub-prime debacle. So much for The Village Idiot's information moronically
claiming that, "Almost all of Wall Street firms are bankrupt, ..." .

On Jan 9, 11:13 am, "P. Maffia" <pmaf...@centurytel.net> wrote:



The Village Idiot, Knews4u returns with his usual drivel.

knews4u2c...@yahoo.com> wrote in message

news:2b66f3fb-3876-4ade-8ed1-5cecce474f17@q39g2000hsf.googlegroups.com...

http://www.kitco.com/ind/willie/jan032008.html

snip
The year 2008 will be the year that THINGS JUST PLAIN BREAK. It will
be a truly deadly year, unavoidably lethal to the USEconomy and
especially to the US banking sector. Nothing has been repaired. Some
tangible solutions will be offered in the next section, all legitimate
in a real world. However, we do NOT live in a real world, but rather
in a Fairy Tale world of US Hegemony and Wall Street with a choke hold
around the US entire system. Managed inflation is the policy never to
be reversed, until total breakdown occurs. Treason is rampant, called
simply Power Games. All attempts so far are to shore up the existing
system, to enable Wall Street to sell as much of their damaged asset
backed bonds to suckers, and to avoid international lawsuits against
Wall Street firms. In 2008, an alarming sequence is assured of
enormous damage that puts the entire US economic and financial system
in a perilous situation. The powers survived the end of 2007, with
heavy usage of band aids, rubber bands, and paper clips, but reality
continues to itemize a relentless sequence of unfixable, tragic,
intractable problems. The pressure points are big banks suffering from
insolvency, prime mortgage bonds destined for massive losses,
consumers without kitties to rob to keep spending, a worsening housing
market from chronic inventory bloat, and deepening problems in the
lending industry frozen from insolvency and distrust. Pitch in a
global resentment of US fraud and heavy handed tactics, especially
from the last couple decades.

What a prospect! Almost all of Wall Street firms are bankrupt, but
still in control of the financial media. Citigroup is dead in the
water,

Despite the hefty losses Citi has suffered, it is still reporting a profit
for the year. And the same is true of most of the players hit hard by the
sub-prime debacle. So much for The Village Idiot's information moronically
claiming that, "Almost all of Wall Street firms are bankrupt, ..." .

Hey Dickbrain.
The only reason ANY OF THEM will report a "profit" is because they are
playing games with the BOOKS and have yet to actually put these 'off
balance sheet" assets in their financials at their likely true value.
And do you know why?
Because they don't have a fricken idea what these "derivatives" are
worth since right now there is NO MARKET FOR THEM.
Which means they are worth approximately ZERO.
Ever heard of GAAP?
They don't even use it.

The VILLAGE IDIOT of MORON TOWN is always so entertaining.<knews4u2c...@yahoo.com> wrote in message

news:ff523336-d680-45b0-a2ee-3159b11283d8@d70g2000hsb.googlegroups.com...

Hey Dickbrain.
The only reason ANY OF THEM will report a "profit" is because they are
playing games with the BOOKS and have yet to actually put these 'off
balance sheet" assets in their financials at their likely true value.

Among others, CIti has moved some $45 Billion of these assets unto its
balance sheet and still had to set up loss reserves of just $17 billion to
cover their losses.

And do you know why?
Because they don't have a fricken idea what these "derivatives" are
worth since right now there is NO MARKET FOR THEM.

Derivites trade with a hefty volume daily. So contrary to your moronic
claim, they do have some iodea what they are worth.

Some.

Which means they are worth approximately ZERO.
Ever heard of GAAP?

Sure have, even worked with them for more years then you have been alive, if
we can call your existence living.

They don't even use it.

Well contrary to your moronic assertion, if they didn't use them, no audit
firm in the country would venture to state an opinion about them other than
they were bankrupt and unable to continue as a viable business. And long
before that would happen, the banking authorities would have closed them
down.

Thank you for demonstrating your lack of functional knowledge on another
couple of subjects.Just as we have come to expect.

I AM THE VILLAGE IDIOT OF MORON TOWN!

And the Village Idiot proves he can't read either.

knews4u2c...@yahoo.com> wrote in message

news:59d444f3-9e51-49fb-b69b-58b540ccf47b@e23g2000prf.googlegroups.com...



On Jan 10, 11:16 am, "P. Maffia" <pmaf...@centurytel.net> wrote:
The VILLAGE IDIOT of MORON TOWN is always so
entertaining.<knews4u2c...@yahoo.com> wrote in message

news:ff523336-d680-45b0-a2ee-3159b11283d8@d70g2000hsb.googlegroups.com...

Hey Dickbrain.
The only reason ANY OF THEM will report a "profit" is because they are
playing games with the BOOKS and have yet to actually put these 'off
balance sheet" assets in their financials at their likely true value.

Among others, CIti has moved some $45 Billion of these assets unto its
balance sheet and still had to set up loss reserves of just $17 billion
to
cover their losses.

And all those "off balance sheet" items?

I just told you, moron, they moved $45 Billion of those "off balance sheet
items" unto their balance sheet. and to repeat for a slow brain like yours,
and even with moving that massive amount unto their balance sheet they have
only had to set up loan loss reserves of just $17 billion. That means, they
profits for this last year will be a bit short of 50% of last year's, but
still profitable. And Citi wasn't the only one.

And do you know why?
Because they don't have a fricken idea what these "derivatives" are
worth since right now there is NO MARKET FOR THEM.

Derivites trade with a hefty volume daily. So contrary to your moronic
claim, they do have some iodea what they are worth.

Some.
Not all.

Oh Gee! Some stocks trade with very heavy volume every day, but not all.
Some bonds trade with very heavy volume every day, buit not all.

So what, moron?

And mostly the "mortgage backed" securities are basically worthless.
The market is NON-EXISTANT unless you call the government buyers a
"market."

Why keep making moronic statements? Of course, you are the VILLAGE IDIOT OF
MORON TOWN so you can't help yourself.

Which means they are worth approximately ZERO.
Ever heard of GAAP?

Sure have, even worked with them for more years then you have been alive,
if
we can call your existence living.
I doubt it.

Doubt all you want, moron but your doubts are as accurate as your "facts."

They don't even use it.

Well contrary to your moronic assertion, if they didn't use them, no
audit
firm in the country would venture to state an opinion about them other
than
they were bankrupt and unable to continue as a viable business. And long
before that would happen, the banking authorities would have closed them
down.

Would that be like they shut down Enron?

Did you read the Enron audit reports? I forgot, you have a hard time with
basic English so something written by Accountants and Auditors would be
beyond you.

Did you?

Thank you for demonstrating your lack of functional knowledge on another
couple of subjects.Just as we have come to expect.

You haven't proven or refuted anything in the articles yet..

Just watch MORON.
The fraud in the system cannot hold up.
It is a house of cards built on quicksand.

Amazing, you and your fellow gloom and doomers have been saying that since
last summer.

And the worst any credible source see is a recession which
would not be unexpected after 5 excellent years. And one only made a little
worse then we would have had anyway.

I AM THE VILLAGE IDIOT OF MORON TOWN!

On Thu, 10 Jan 2008 14:29:08 -0800, Curly Surmudgeon <Curly.is....@home.com> wrote:
On Thu, 10 Jan 2008 21:22:03 +0000, AZ Nomad wrote:
On Thu, 10 Jan 2008 12:45:46 -0800, Curly Surmudgeon
Curly.is....@home.com> wrote:
On Wed, 09 Jan 2008 11:13:35 -0800, P. Maffia wrote:

The Village Idiot, Knews4u returns with his usual drivel.

How does that statement disprove knews4u2chew's posting? Unless you
provide some counter argument your contradiction has no weight and your
ad hominum brands you as a troll.
250 lines snipped

If you see dogshit on the ground, do you have to taste it to know that it
is dogshit?

I've checked a few of K4U's postings when he first started and it is all
bullshit. At first, readers went to the trouble to argue them and K4U's
reaction is just to repost the same garbage over and over. After a while,
one doesn't even bother reading K4U crap. Just knowing that K4U posted is
enough to know that it is crap.
Even George Bush is occasionally right.
In this instance K4U's assertion is right and the contradiction wrong.
Why did you snip the evidence?

Sometimes dogshit is just dogshit.

Hey Dickbrain.
The only reason ANY OF THEM will report a "profit" is because they are
playing games with the BOOKS and have yet to actually put these 'off
balance sheet" assets in their financials at their likely true value.

And do you know why?
Because they don't have a fricken idea what these "derivatives" are
worth since right now there is NO MARKET FOR THEM.

Which means they are worth approximately ZERO.
Ever heard of GAAP?

They don't even use it.

The Village Idiot, Knews4u returns with his usual drivel.

knews4u2chew@yahoo.com> wrote in message
news:2b66f3fb-3876-4ade-8ed1-5cecce474f17@q39g2000hsf.googlegroups.com...
http://www.kitco.com/ind/willie/jan032008.html


snip
The year 2008 will be the year that THINGS JUST PLAIN BREAK. It will be
a truly deadly year, unavoidably lethal to the USEconomy and especially
to the US banking sector. Nothing has been repaired. Some tangible
solutions will be offered in the next section, all legitimate in a real
world. However, we do NOT live in a real world, but rather in a Fairy
Tale world of US Hegemony and Wall Street with a choke hold around the
US entire system. Managed inflation is the policy never to be reversed,
until total breakdown occurs. Treason is rampant, called simply Power
Games. All attempts so far are to shore up the existing system, to
enable Wall Street to sell as much of their damaged asset backed bonds
to suckers, and to avoid international lawsuits against Wall Street
firms. In 2008, an alarming sequence is assured of enormous damage that
puts the entire US economic and financial system in a perilous
situation. The powers survived the end of 2007, with heavy usage of
band aids, rubber bands, and paper clips, but reality continues to
itemize a relentless sequence of unfixable, tragic, intractable
problems. The pressure points are big banks suffering from insolvency,
prime mortgage bonds destined for massive losses, consumers without
kitties to rob to keep spending, a worsening housing market from
chronic inventory bloat, and deepening problems in the lending industry
frozen from insolvency and distrust. Pitch in a global resentment of US
fraud and heavy handed tactics, especially from the last couple
decades.

What a prospect! Almost all of Wall Street firms are bankrupt, but
still in control of the financial media. Citigroup is dead in the
water,

Despite the hefty losses Citi has suffered, it is still reporting a
profit for the year.

And the same is true of most of the players hit hard by the
sub-prime debacle.

So much for The Village Idiot's information moronically
claiming that, "Almost all of Wall Street firms are bankrupt, ..." .

YOU ARE THE VILLAGE IDIOT OF MORON TOWN!

On Wed, 09 Jan 2008 11:13:35 -0800, P. Maffia wrote:

The Village Idiot, Knews4u returns with his usual drivel.

How does that statement disprove knews4u2chew's posting? Unless you
provide some counter argument your contradiction has no weight and your ad
hominum brands you as a troll.
250 lines snipped

On Thu, 10 Jan 2008 11:16:01 -0800, P. Maffia wrote:

-----------snip--------------
YOU ARE THE VILLAGE IDIOT OF MORON TOWN!

Shouts the Mayor.

What's the deal with such nastiness? Can you not refute the issue
without resorting to personal attacks? You sound like a Karl Rove
Republican.

On Jan 10, 11:16 am, "P. Maffia" <pmaf...@centurytel.net> wrote:
The VILLAGE IDIOT of MORON TOWN is always so
entertaining.<knews4u2c...@yahoo.com> wrote in message

news:ff523336-d680-45b0-a2ee-3159b11283d8@d70g2000hsb.googlegroups.com...

Hey Dickbrain.
The only reason ANY OF THEM will report a "profit" is because they are
playing games with the BOOKS and have yet to actually put these 'off
balance sheet" assets in their financials at their likely true value.

Among others, CIti has moved some $45 Billion of these assets unto its
balance sheet and still had to set up loss reserves of just $17 billion
to
cover their losses.


And all those "off balance sheet" items?

And do you know why?
Because they don't have a fricken idea what these "derivatives" are
worth since right now there is NO MARKET FOR THEM.

Derivites trade with a hefty volume daily. So contrary to your moronic
claim, they do have some iodea what they are worth.

Some.
Not all.

And mostly the "mortgage backed" securities are basically worthless.
The market is NON-EXISTANT unless you call the government buyers a
"market."

Which means they are worth approximately ZERO.
Ever heard of GAAP?

Sure have, even worked with them for more years then you have been alive,
if
we can call your existence living.

I doubt it.

They don't even use it.

Well contrary to your moronic assertion, if they didn't use them, no
audit
firm in the country would venture to state an opinion about them other
than
they were bankrupt and unable to continue as a viable business. And long
before that would happen, the banking authorities would have closed them
down.


Would that be like they shut down Enron?

Thank you for demonstrating your lack of functional knowledge on another
couple of subjects.Just as we have come to expect.

YOU ARE THE VILLAGE IDIOT OF MORON TOWN!

Just watch MORON.
The fraud in the system cannot hold up.
It is a house of cards built on quicksand.

On Thu, 10 Jan 2008 12:45:46 -0800, Curly Surmudgeon
Curly.is.not@home.com> wrote:
On Wed, 09 Jan 2008 11:13:35 -0800, P. Maffia wrote:

The Village Idiot, Knews4u returns with his usual drivel.

How does that statement disprove knews4u2chew's posting? Unless you
provide some counter argument your contradiction has no weight and your
ad hominum brands you as a troll.
250 lines snipped

If you see dogshit on the ground, do you have to taste it to know that it
is dogshit?

I've checked a few of K4U's postings when he first started and it is all
bullshit. At first, readers went to the trouble to argue them and K4U's
reaction is just to repost the same garbage over and over. After a while,
one doesn't even bother reading K4U crap. Just knowing that K4U posted is
enough to know that it is crap.

Curly Surmudgeon wrote:

On Thu, 10 Jan 2008 11:16:01 -0800, P. Maffia wrote:

-----------snip--------------
YOU ARE THE VILLAGE IDIOT OF MORON TOWN!

Shouts the Mayor.

What's the deal with such nastiness? Can you not refute the issue
without resorting to personal attacks? You sound like a Karl Rove
Republican.


LMAO...You mean like this, Curlique:

'I don't care about his private perversions. His public perversions and
lies are another story. It's time for these scumbag
neocon/republican/fascists to take responsibility for their destruction of
America and stop blaming good, innocent, patriots. Speaking out against
authoritarianism and fascism isn't unpatriotic any more than black is
white. We must stop giving these perverts a forum to tell lies by
correcting their disinformation." -- Regards, Curly