fabijo's account talk

[KevinD]

This is freakin' awesome. Talk about prison reform. A 20 minute minidoc on CPDRC (a maximum security prison in Cebu, Philippines), showing the drastic changes that have happened there:

No longer available...

 

[fabijo]

Weird. I get the same message. Here's the link and it works:

http://www.youtube.com/watch?v=wAjItY7X0Yc

 

[fabijo]

Derivatives of the world are worth much more than all the money on Earth. Talk about a bubble:

 

[fabijo]

Who here uses Employee Express? Does anyone know what would happen if you set up an allotment larger than your actual paycheck?

I'm going to try it. Maybe there's a computer glitch that will let me do it. It's ok. I'll just owe Uncle Sam some money. If I make that allotment big enough, I might even be able to move to Brazil! :nuts:

 

[fabijo]

Flu shots? How's about some vitamin D?

 

[Silverbird]

Derivatives = pyramid scheme of the financial loan system=should not be legal. People are not up at arms because they though those got destroyed after Enron. Nopers.

 

[Steadygain]

Who here uses Employee Express?

I've got at least 320 hours of vacation time right now, but use to use it as I was striving to get to the 260 hr mark to carry over

I must of advanced another step this month - so will probably look to see the pay difference (now that you mentioned it).

Does anyone know what would happen if you set up an allotment larger than your actual paycheck?

If you mean the TSP - once you go past the Max - you get ZERO matching so it doesn't pay off.

I'm going to try it. Maybe there's a computer glitch that will let me do it. It's ok. I'll just owe Uncle Sam some money. If I make that allotment big enough, I might even be able to move to Brazil! :nuts:

A guy in the Army had something like that happen to him. He went out and blew this big bundle going to Operas and all kinds of stuff...but then he never got paid again over the years.

Be careful what you wish for. You'll probably pay back with interest.

 

[fabijo]

Derivatives = pyramid scheme of the financial loan system=should not be legal. People are not up at arms because they though those got destroyed after Enron. Nopers.

The financial loan system is itself a pyramid scheme. The Federal Reserve System, which is made up of private banks, loans money to the government. Where did that money come from? They say its there, so it is there. Then they have the nerve to charge interest on money created out of thin air.

 

[fabijo]

Wow! What an up day. still 100%C

 

[fabijo]

McCain or Obama?
globalist or globalist?

 

[fabijo]

With all the rumors of huge rate cuts tomorrow....

What's that going to do to the USD/YEN? Here we go with the YEN surge vs the U.S. Dollar.

 

[KevinD]

Inflation?


(I'm asking. I don't know squat)

 

[fabijo]

Kev,

The way it was looking last night is that the Fed might do a hefty rate cut today. Actually, they're still talking about that. That will make the dollar drop more (usually) making the Yen even stronger compared to the dollar. The Yen's movement has a huge affect on markets. A lot of selling off of Japanese companies, then spreading around the globe, happens when the Yen gains in value.

But, the effect might not be as bad as I thought, since the speculation is that Japan will cut their rate on Friday, back down to 0.25%!!! The cheapest loan in the world! Combined with the U.S. Fed rate cut, the balance between the dollar and the Yen might even out.

The good thing about a stronger yen is that Japan can buy more of our exports, which I think food is one of our biggest to them. Other than that, a stronger yen has been pretty bad for stocks over the past couple years.

 

[KevinD]

Other than that, a stronger yen has been pretty bad for stocks over the past couple years.

But good for the dollar?

I'm all for the fire sale prices in market land but my poor little pay check doesn't go far enough as it is.
I really don't want my dollars to buy any less...

 

[Birchtree]

I have my eye on a new Acura RL and it will now cost more with the rise in the yen.

 

[fabijo]

I have my eye on a new Acura RL and it will now cost more with the rise in the yen.

Simply said.

 

[Birchtree]

There is obviously no pussy cat in your pocket while you hold 100% C fund. The NYSE is showing relative strength today.

 

[fabijo]

There is obviously no pussy cat in your pocket while you hold 100% C fund. The NYSE is showing relative strength today.

I'm in for good. Plus my biweekly checks are going full in to the market. I won't be needing this stuff for another 30 years or so. By then, the highs of last year will be looking dirt cheap and the young ones will be wishing they could have bought in at that price.

 

[fabijo]

This video is a couple weeks old, but still interesting:

 

[fabijo]

Woohoo! 0% rate on the way??

A Rate of Zero Percent From the Fed? Some Analysts Say It Could Be Coming
http://www.nytimes.com/2008/10/30/business/economy/30zero.html

But in practice, the actual federal funds rate fluctuates slightly around its target as the Fed carries out its open-market operations in the money markets. And because banks and financial institutions have been so frightened about lending in the last month, the actual Fed funds rate has been below 1 percent for the last two weeks. On Tuesday, it averaged only 0.67 percent.