Jim Lovell to me Anybody who believes Standards and Poors - and Moody's - are naive.

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Jim Lovell to me

show details 12:11 AM (24 minutes ago)

 Folks, I knew that FDIC was a scam when I was a teenager.  Both of
my parents said that the political issues of the day that played out
in the media were exactly like Punch 'n' Judy shows in medieval times
- manufactured BS designed to bring forth certain reactions.  They
told me that the town criers of old - long before even the printing
press - were controlled by the kings and wealthy merchants.

 So - what you see on TV are just puppets - playing out an agenda -
talking about the (bogus) bond rating for the US?  It's just show
business - designed to bring in the SDR and crash the Fed - right on
schedule.

 And how on earth could the world's most bankrupt operation - carry a
AAA rating?  It should have been downgraded at least 15 years ago -
OK?  Our nation has been technically bankrupt for a decade - way
beyond bankruptcy since about 2002 or 2003.  Now you know why I don't
watch TV.

 I am a veteran of the stock market.  I've seen mine stock offerings
- where some lab assayed the soil as having so many metals - and
foreign government labs that said there was so much of this that or
the other - a scam.  I see the Dow-Jones as designed for public
consumption.  Just study the NASDAQ - and S&P - and NYSE - and the Dow
Jones numbers OVER TIME - and you'll see what I'm telling you.  Paper
has been the vehicle by which more scams have been perpetuated - than
any other material known to man.  And as for experts?

 PhDs lie - just as easily as those w/o such degrees.  I'd say that
many are paid - to lie.  Look into the big Ozone layer scam.  That guy
hit DuPont up for a million dollars for research - got turned down.  I
was in a DuPont plant when I saw copies of the letters.  Then, he did
the Ozone layer thing - using data that only indicated the existence
of the sunspot cycle - nothing else.  DuPont turned it around - quit
making R-12 - diflouro dichloro methane if memory serves - and jacked
the price to the roof.  I don't trust an MD, or a PhD - or any other
expert, as I've heard them lie too many times.

 Anybody who believes Standards and Poors - and Moody's - are naive.
The 'safe' bond market is anything but safe.  Look into AMBAC.  And if
you think that mutual funds are the way to go - I almost guarantee you
that most of their managers will have loaded them them down with CDOs,
SIVs, and MBS - junk - by the time everything crashes.  WVa has a lot
of that stuff in their CAFR funds.

 I quit believing the articles in the Wall Street Journal - and did
better in the market.  I used to do 'paper trading' on the info that
Financial News Network - lost almost every time.  Overall, I did a few
percentage points ABOVE inflation - by going with fundamentals -
whilst ignoring the 'experts' and rating agencies.  Then I learned
that accounting firms couldn't be trusted in the mid-80s.  The Enron
scandal FINALLY broke that to everyone.  Trust wisdom of the ages,
common sense, & HARD evidence - little if anything else.

 My experience with Westinghouse's engineering division taught me to
never believe bosses.  That cost me about 30K - over 20 years ago.

 Washington and Wall Street are in the business of selling scams.
They depend on your gullibility to succeed.  If something sounds too
good to be true - - - enough said?  Understand motives - and qui bono
- IF you can - follow the money.

 And just for the record, I'll predict that after 'they' crash the
stock market - by design - 'they' will be out of that market, and
'they' will take their money over to the commodities market - and
drive the price of grains and other foodstuffs through the roof - same
way they've been suppressing precious metals.

 If you want to see anything clearly, learn as much as you can about
it - and you will learn - sooner or later - that you should NOT
believe most 'experts.'  Just track what they say over time - and what
happens.

 So the IRS is taking in 2.2 trillion, fed gov't spends 3.6 tril.
They admit to 14 tril of debt - with anywhere from 50 to 150 tril of
other unpaid obligations.  And their bonds carried an AAA rating?  How
could ANYBODY believe that?

 Nothing can fix what's coming down.  Anybody with a government job
doesn't have a bright future - not to speak of a retirement - - - -

 Look at fundamentals - of anything - rather than what any 'authority
figure' tells you - including yours truly because I'm anything but an
authority figure.  I'm just a geek who lives on the side of a hill -
Jim

 PS - look into the ancient tulip currency story - where people
thought that tulip bulbs would be good currency when gold inflated due
to the influx of new world gold into Europe.  People bid them up to
thousands of dollars - to use a modern currency as an example.  Then,
it crashed.

 How anybody could look at a tulip bulb - and see it as two months'
salary - is beyond me - but it happened.  (psssst - it's all about
FOOD!)