McDuck's Account Talk

[nasa1974]

Great video. Too bad we are not paying attention.

Has anyone seen the Red Skelton video on the "Pledge of Allegiance"?
Here it is.
http://www.youtube.com/watch?v=TZBTyTWOZCM

 

[grandma]

Thank you, guys, for showing the videos `freedom...' and that sweetie, Red Skelton !
It doesn't seem to matter whether you've seen them before, you watch them all the way thru again! -and again!!

 

[nasa1974]

I think we tend to take our freedoms for granted and we need a reminder once in awhile.

 

[McDuck]

Norman and Nancy Blake perform "Sagefields"

 

[grandma]

What fun !!!

 

[McDuck]

 

[McDuck]

News articles highlighted on Peter Schiff's website 2/18/2010

US Wholesale Prices Outpace Forecasts - Bloomberg

US Jobless Claims Unexpectedly Jump - Bloomberg

Gold May Advance to $1,400 in 12 Mths - Bloomberg

Pew: US State Pension Funds Have $1T Shortfall - Reuters

Muni Threat: Cities Weigh Chapter 9 - Wall Street Journal

Stimulus Weatherizing Homes for $57K Each - LA Times

Recession's Uneven Toll - Nebraska v California - USA Today

When Stints on Payroll Hurt the Jobless - Boston Globe

 

[McDuck]

 

[McDuck]

Alabama pensions chief Bronner sees state financial crash

Alabama pension fund boss David Bronner said the state's lack of public revenue threatens its future as a productive and orderly economy, while Middle East tensions might drive oil to $300 a barrel this year.

The head of the Retirement Systems of Alabama, the pension plan for 300,000 active and retired state workers, said it is too late to save the state budget by reducing expenses.

...

Trouble will happen by the time school starts, said Bronner, who has led the RSA for 37 years. School district superintendents will start cutting programs, class offerings and teachers. Entire schools will close. Thousands of teachers will be released, he said. State troopers will stop enforcing speed laws and contract disputes between businesses will take forever to wend their way through a deserted court system strapped for judges, clerks and stenographers.
"Maybe the troopers can stand by the roadside and wave," Bronner said. "If you stop, you get a ticket, if not, see you later.

 

[Birchtree]

That's why my wife has her retirement money in a defined contribution plan with an administrator outside her State of Florida employer. Now the State could reduce the amount of money they contribute monthly on her behalf - but all the money is already hers to manage and to make grow with various mutual fund options - very similar to TSP.

 

[McDuck]

Alabama pensions chief Bronner sees state financial crash

He admitted that his optimism is low. When asked if the rate of decline he envisions means Alabama devolves into a Third World wasteland, he replied: "Yes. Only with Third World countries, the expectations aren't very high to begin with."

 

[McDuck]

DEMS SPEAK 233 MINS VS. 114 MINS FOR REPUBLICANS

Sounds about like this MB.

 

[McDuck]

Economists Warn Another Financial Crisis On the Way

 

[nasa1974]

I say let some or these big banks fail. We shouldn't have bailed them out for their failures the first time and what do they do but pay bonuses to the idiots that got us into this mess. Hang them all.

 

[Warrenlm]

I say let some or these big banks fail. We shouldn't have bailed them out for their failures the first time and what do they do but pay bonuses to the idiots that got us into this mess. Hang them all.

Agree, but the only guy on our side on that matter is the President, at least in some of his words. Everyone on the Republican side seems to be unwilling to take them to task firmly. Do you think that CEO's proposal to make CEOs and Boards personally liable in the future and subject to being made paupers will get any traction?

 

[McDuck]

News articles highlighted on Peter Schiff's website 3/9/2010

Obamacare Sneaking through Back Door - Politico

Oil and Gasoline Prices Begin to Creep Up - NY Times

Brazil Strikes Back in Trade War over US Cotton - Bloomberg

Unemployment Insurance Turning into Welfare? - Washington Post

43% Have Less than $10K for Retirement - CNN Money

Can California Declare Bankruptcy? - Slate

Downtown Detroit Turning Back into Farmland - Associated Press

Gov: Budget Failure Could Cause NY Depression - Crain's New York

 

[McDuck]

33 states out of money to fund jobless benefits
http://money.cnn.com/2010/04/08/new...ss_benefits/index.htm?source=cnn_bin&hpt=Sbin

 

[McDuck]

http://pragcap.com/the-monday-melt-up-to-continue

Stocks have rallied in 25 of the last 31 Monday’s and look to make that 26 of 32 based on early futures action.

Stocks have now rallied over 40 sessions without a 1% loss.

 

[McDuck]

A sixth straight week of stock gains
Washington Post

 

[McDuck]

Wall St Week Ahead: Strong stocks face earnings test
Reuters

Strong US earnings seen, but may be priced in
Reuters