March 11, 2009

It's come to this - The President of the United States of America: "What I don't think people should do is suddenly stuff money in their mattresses"


Next it will be "I don't think people should be out buying guns and ammo"

I wish we could have had access to these headlines-to-come back in 2005 and 2006, when people thought we were brown shirts and chicken littles.

48 comments:

casey said...

Why shouldn't they.Rather have it under the matress than at citi thats for sure.

Angry Leprechaun said...

This man is a complete fucking failure. Get it through your damn head.

Anonymous said...

This whole world is so fucking rotten that the one thing you can depend on is being told the exact opposite of

1) the truth
2) what is in your best interest
3) how far they'll stick it in

Best Presidential Parallel of the day:

"...we're not suggesting people take your money out of banks and put it in home safes; not a good idea..."

TRANSLATION: either it's a good idea, or we're hyping to scare people.

Take your pick.

Anonymous said...

Ammunition For Sale:

9mm
357
.38
.45

$10K per round. Cash Sales Only.

$ 500K per box of 50 rounds.

Chris Rock was Right.

Anonymous said...

Obama gets No Confidence Vote.

Time for A Bank Run.

Take out your Cash while you still can.

America is Dead.

Mitesh Damania said...

I've seen the enemy and the enemy is us.

http://www.disclose.tv/action/viewvideo/14098/US_leads_world_in_laundering_crime_profits

Stuck in So Pa said...

"What I don't think people should do is suddenly dtuff money in their mattresses"

That's exactly what you should do. Got my "greatest generation" family members through the Great Depression, thank you very much. That funny green paper may be worthless, but it's going to be hard to survive initially without it when the SHTF!

Of course when it becomes totally beyond worthless later on it won't matter, but at least you'll have somewhat of a head start over the other guy.

Anonymous said...

I was thinking of just taking all of my money out based on principle alone.

Fuck these bankers and their bought and paid for government.

Anonymous said...

El Banco de Sealy Posturpedic LTD.

Run, don't walk!

Banana Republicrat said...

I totally agree, that why I've been steadily stuffing my mattress with money for the past four years.

Anonymous said...

Next it will be "I don't think people should be out buying guns and ammo"

______

Well, uh, he actually said that, actually, on or about Dec 9, 2008...the day I bought my first handgun.

Lost Cause said...

Perhaps it is better to throw in the furnace and heat their homes with it.

Phillip McDoodle said...

How long until he says "I don't think people should buy guns and ammo"? A week? Another month?

You can't get ammo right now anyway.

Anonymous said...

RUN..........................

Miss Goldbug said...

I'm waiting for when Obama says:

"its not necessary to panic and buy precious metals, the dollar is strong, and therefore doesnt need to be backed by gold".

hp fan said...

Obama might be right...

Go buy some Gold and SKF!

Went2puke said...

What kills me is that those higher-ups don't even realize that there are millions of Americans who don't even have a mattress, let alone money!

We are doomed. They get elected and the only people they think about are those who bankrolled them into power.

Anonymous said...

.


Where the F**K do you want me to put it?


.

Anonymous said...

My bank wanted to move me to
a higher interest rate...


What the Hell, they are not giving me anything now!


Especially with 10k min balance!

kuato said...

I don't think people should be shooting banksters, LMAO!!

hp fan said...

Check out this graphic on how much money is being flushed down the crapper propping up banks and bloated municipalities with Obamas bailouts and stimulus.

10,000 pallets of $100 dollar bills

Got Gold?

Anonymous said...

O bama got $750,000,000 in his "war chest". Hey Obama, where did you park YOUR money. You don't seem worried that since you have been prez the Dow lost 3000 points. What's your secret Cool Hand Luke? Same Q for Pelosi, Reed, et al

Lady Di said...

Right, because putting your money in a rathole called the stock market is so much better.

Idiot.

Anonymous said...

If a company is profitable shouldn't that company raise dividend.

http://finance.yahoo.com/news/
No-Vultures-tsmp-14606190.html

Are you kidding me?

Should we jump in and ride the profit train back to the top?

Citigroup is a disaster. That company has burned through tens of billions of private capital and taxpayer money.

If anyone stopped to point out the emperor's attire, he would suspect it would be insolvent.

If you actually read the entire statement from Citi yesterday, it was profitable before one-time items.

"One-time items" include pesky little things like investment writedowns and credit losses.

The big banks being propped up by government funds or even fancy accounting maneuvers like suspending mark-to-market accounting are not going to the inspiration for a real rally on Wall Street.

alex3191 said...

Tent cities
http://www.youtube.com/watch?v=jaBLyTPNeVs

Oh well, who would think of something like this ??
2012 is cominnnnngggg !

Anonymous said...

Aren't those option Arm, Alt-A, and NINJA loans going to reset soon.

If mortgage default notices are a record high now then what would those default rate be like this November when those new toxic loans start to reset.

http://www.mercurynews.com
/realestatenews/ci_11887925

Mortgage default notices reach record high in Santa Clara County

A total of 1,465 "notices of default" — the first step in the foreclosure process — were filed by lenders in the county, up 60 percent from January, and up 32 percent from a year earlier, according to the information firm ForeclosureRadar, which reported the data Wednesday.

Last month's figure beats the previous record of 1,412 defaults in a single month, which was reached in April 2008.

Mitesh Damania said...

The way I think of it is the bank balance sheets were backed by these CDOs and MBSes and you know what happened. The Fed bought these 'assets' and guess what? Your dollar bills are now backed by CDOs and MBSes.

Afterthought said...

Actually, if all the self-proclaimed libertarians and honest conservatives pulled their money out of the markets, banks, and stopped paying their bills; they could have a true "John Galt" moment.

The parasites would be forced to abandon their socialist paradise and we could get a government in that would balance the budget.

Balancing the budget would allow us to repudiate the debt under the "odious debt" doctrine.

We have the military, so nobody could use force to stop us.

Or we could just waste away...

upthecreek said...

who voted for all this CHANGE?????

Fear Government

Anonymous said...

Is the Future Going Down the Drain? Baby Boomers Going Bust

“In the last few months we've experienced explosive growth in interest by homeowners age 50-plus to find rooms and roommates,” says Jacqueline Grossmann, Chicago coordinator for the National Shared Housing Resource Center. “The trend now is getting younger and younger. People in their 50s and 60s are losing their nest eggs and increasingly willing to give up their privacy in exchange for rents of $500, $600 a month.”

“We've seen a 400 percent increase over the last few months of people nearing retirement age,” says Rita Zadoff, director of Housemate Match, a shared-housing program serving the Atlanta area. “We haven't been this busy since we helped Katrina victims find housing.”

http://www.alternet.org/
workplace/130361
/is_the_future_going_down_
the_drain_baby_boomers_going_
bust

Anonymous said...

sad but amusing...no comment?.....self protectioning!!!!!!!!!!!!!!!!!!!!!!

Anonymous said...

Freddie Mac asks Treasury for $30.8 billion after big loss

Nearly half of Freddie Mac’s $50.1 billion net loss in 2008 occurred during the fourth quarter. The fourth-quarter net loss was $23.9 billion.

Freddie Mac said late Wednesday that it's getting billions of dollars in extra government support after reporting a huge quarterly loss.

Anonymous said...

Neel Kashkari, interim assistant secretary for financial stability at Treasury, told a congressional oversight panel Wednesday...

"However well-intended, government officials are not positioned to make better commercial decisions than lenders in our communities,"..."

They did a pretty good job lately, didn't they?

Anonymous said...

After watching a Trader from JP Morgan trading while intoxicated. I recommend getting all of your money out of that firm ASAP. Cocky 20 somethings need not be in charge of billion dollar funds. My mattress is safer than that moron.

Land Baron said...

Wow -- I'm a true renaissance man! I put aside cash and bought guns and ammo way before it was fashionable. I'll probably be purchasing land before it is cool again too.

The Internet Guy said...

Its time for Obama and Geithner to start lying to the public big time, so that they can reinflate the bubble... :P

Anyways, going by the rate at which they are printing money, the bubble is gonna be reinflated, and we would see Dow at 14000 by this time next year...

Money would be worthless, but hey, this is the only option left. All money in America is created as debt. And devaluation of money means devaluation of debt. Just what we need... to get back up...

Anonymous said...

Well, it seems that our new prez is strikingly similar to our old prez. God forbid if Americans were to become frugal and responsible with their money. I, for one, am personally stuffing as much money as I can under my mattress, so to speak. Putting it all away in my little savings accounts I have scattered around at several banks. I plan to save 40k this year. It is time we get back to REALITY and not continue living on fantasy island. Did I mention there is a real shortage of ammo out there?

Mammoth said...

"What I don't think people should do is suddenly stuff money under their mattresses"
------------
Kinds sounds like,
"Whatever you do, Brer Bear, please don't throw me into the briars"

Obama knows EXACTLY what he is doing.

And that loud noise you heard a few weeks back was Mammoth slamming his wallet shut.

Best way to protest and fight back against all the Bailouts & financial shennagins is to simply clam up and not spend a dime more then you absolutely have to.

-Mammoth

Anonymous said...

I got so tired of being labeled a Cassandra.

now my attitude for those folks is simple - eat sh*t and die.

Smug Bastard

Chris said...

Could someone help me here.

I somehow messed up a few weeks ago while reading Keiths Blog and hit some key wrong.

Now the blog only appears as a small strip in the center of the screen making it very hard to read. It is almost as if I minimized it.

I figured it would eventually go back to normal but not the case. Every other blog works great so it is something I did wrong on here.

Can anyone talk me through fixing this so the blog fills the whole screen again?

Refuse to buy overpriced said...

If he wants people to keep their money in their bank accounts, he should tell Bernanke to raise interest rates.

There is no point keeping money in a bank account if only earns a measley 2%.

Anonymous said...

Didn't Bush encourage people to go buy stocks?

Where's the Change here?

Anonymous said...

"Hey Obama, where did you park YOUR money. You don't seem worried that since you have been prez the Dow lost 3000 points. What's your secret Cool Hand Luke? Same Q for Pelosi, Reed, et al"

You think Obama cares about the DJIA?

Or any of the others?

They are already cash rich. Not to mention all they have to do is go give some speeches or write a book afterwards to get some SERIOUS coin.

People who have that kind of money (or potential future earnings) don't care if there is inflation or deflation.

Deflation...they buy up assets for pennies on the $.

Inflation...they all seemed to increase their wealth so much over the last 10 years that it really doesn't matter much to them.

Uber Rich, Uber Diversified...and they make the rules.

Would you be sweating in their shoes?

I wouldn't.

Anonymous said...

"Can anyone talk me through fixing this so the blog fills the whole screen again"?


I cant say I have heard this happening before. Did you try hitting F11 for full screen? Check under "tools" on your task bar.

Miss Goldbug said...

Refuse to buy overpriced said:-"There is no point keeping money in a bank account if only earns a measley 2%".


Agree. Two years ago I assumed wrong that banks would raise their interest rates because they would need deposit money. Never in my wildest dreams did I imagine we the taxpayer would pour money down their throats like water. No wonder banks rates are so low, they have no need for deposits!

Evidentually, I think all these banks that took taxpayer money will turn into 'bad banks' and new spin off banks will open as 'clean banks'.

Anonymous said...

I hope all the Messiah cultists get back to living beyond their means, so I can join the next fraud and fleece all of them again when it all comes crashing down.

I don't complain anymore, as I just take advantage of the rigged system with my fellow Madoffs and Congress. Most of you love to give away your rights and hard-earned money to the NWO, and still criticize those who try to open your slave eyes about the cap-and-trade, North American Union, and World Central Bank scam coming up next.

By all means, go for it. And that goes to all cops and law enforcement out there who think that they won't be affected by it, or that it's just a conspiracy theroy. Yep, that's why your union retirement money got fleeced by the same banksters and groups you're all trying to defend. Sure, the citizens who are trying to open your eyes are the enemy, because that's how the same group of international elite thieves program you to believe. Keep defending those thieves, acting like you're on the "right side". Enjoy your retirement in poverty, then...oh, and your kids, and grandkids, too. Go ahead, go around busting the few libertarians who still give a f*ck about the constitution or who get mad about being fleeced by an European global elite of banksters stealing everything the US has left, while turning all of us into financial slaves to pay for their cap-and-trade scam. Can't you see that EVERYTHING you consume will go higher in price, since the corporation will transfer to carbon taxes to ALL of you? From food to electronics, all of you will be funding their European coffers, and when any of you ask to see where the money is going, they'll either call you a terrorist or say it's not your business to ask.

So play along slave sheeple.

I loved how those union members were calling CNBC last night to cry about all the $600 million lost with Madoff. You should see, there was an union guy, retired at 50 years old, who was sooo mad that he had to go back to work again. He wanted the taxpayer or someone to pay for their lost investments with Madoff. Unbelievable stuff!

Andrew Hac said...

You want to know how poor the Americano are:

1) How many Americano you meet on the street and you ask that person one question: "Do you have $50,000 U.S dollars or more in the saving account ?". If you asked a 100 people, what do you think the majority of the answer would be ?

2) Out of 100 people who had purchased a house in the past for the last 15 years, how many of those 100 people own their home clean and free, meaning they had paid off their mortgage already. How many out of 100 people do you think will say "Yes, I have paid off my home mortgage" ?

3) Out of 100 people that you meet on the street, how many of them carry one or more credit cards and pay off all charges at the end of the month ? What do you think the answer would be ?

Dude, the Americano is ALBUSTO !!!

Mitesh Damania said...

1) How many Americano you meet on the street and you ask that person one question: "Do you have $50,000 U.S dollars or more in the saving account ?". If you asked a 100 people, what do you think the majority of the answer would be ?

2) Out of 100 people who had purchased a house in the past for the last 15 years, how many of those 100 people own their home clean and free, meaning they had paid off their mortgage already. How many out of 100 people do you think will say "Yes, I have paid off my home mortgage" ?

3) Out of 100 people that you meet on the street, how many of them carry one or more credit cards and pay off all charges at the end of the month ? What do you think the answer would be ?


I'm curious to know the figures.