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	<title>Comments on: Tidy house, messy mind</title>
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	<link>http://www.bookwormroom.com/2009/11/16/tidy-house-messy-mind/</link>
	<description>Conservatives deal with facts and reach conclusions; liberals have conclusions and sell them as facts.</description>
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		<title>By: SADIE</title>
		<link>http://www.bookwormroom.com/2009/11/16/tidy-house-messy-mind/comment-page-1/#comment-82532</link>
		<dc:creator>SADIE</dc:creator>
		<pubDate>Thu, 19 Nov 2009 03:08:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.bookwormroom.com/?p=9669#comment-82532</guid>
		<description>&lt;em&gt;&quot;I’m sure regulators know who withdrew the funds&quot;. &lt;/em&gt;
They may or may not. I don&#039;t have a world of confidence in them. The SEC let Madoff run a ponzi scheme for 20 years. I am sure I&#039;ll be a more decrepit old lady then I am now if I ever see the list.</description>
		<content:encoded><![CDATA[<p><em>&#8220;I’m sure regulators know who withdrew the funds&#8221;. </em><br />
They may or may not. I don&#8217;t have a world of confidence in them. The SEC let Madoff run a ponzi scheme for 20 years. I am sure I&#8217;ll be a more decrepit old lady then I am now if I ever see the list.</p>
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		<title>By: BrianE</title>
		<link>http://www.bookwormroom.com/2009/11/16/tidy-house-messy-mind/comment-page-1/#comment-82529</link>
		<dc:creator>BrianE</dc:creator>
		<pubDate>Thu, 19 Nov 2009 02:45:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.bookwormroom.com/?p=9669#comment-82529</guid>
		<description>&lt;em&gt;&quot;Just eighteen days earlier an event occurred that slid under the radar screen of virtually the entire mainstream media. On Thursday, September 15, 2008, at approximately 11 A.M., the Federal Reserve noticed a tremendous draw down of money market accounts in the nation, amounting to $550 billion dollars. It occurred within an hour or two. The money was removed electronically.&quot;-&lt;/em&gt; Sadie

It&#039;s my understanding this occured the day after Lehman bankruptcy was announced and when on of the faster growing Money Market Funds announced NAV of .97, called &quot;breaking the buck&quot; which started a run.
It&#039;s also my understanding it occured over 3 days when the government stepped in.
Of course the funds would have been transferred electronically.
If I had funds at risk in a MMF, I probably would have been trying to withdraw it myself.
I&#039;m sure regulators know who withdrew the funds. </description>
		<content:encoded><![CDATA[<p><em>&#8220;Just eighteen days earlier an event occurred that slid under the radar screen of virtually the entire mainstream media. On Thursday, September 15, 2008, at approximately 11 A.M., the Federal Reserve noticed a tremendous draw down of money market accounts in the nation, amounting to $550 billion dollars. It occurred within an hour or two. The money was removed electronically.&#8221;-</em> Sadie</p>
<p>It&#8217;s my understanding this occured the day after Lehman bankruptcy was announced and when on of the faster growing Money Market Funds announced NAV of .97, called &#8221;breaking the buck&#8221; which started a run.<br />
It&#8217;s also my understanding it occured over 3 days when the government stepped in.<br />
Of course the funds would have been transferred electronically.<br />
If I had funds at risk in a MMF, I probably would have been trying to withdraw it myself.<br />
I&#8217;m sure regulators know who withdrew the funds. </p>
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		<title>By: suek</title>
		<link>http://www.bookwormroom.com/2009/11/16/tidy-house-messy-mind/comment-page-1/#comment-82511</link>
		<dc:creator>suek</dc:creator>
		<pubDate>Wed, 18 Nov 2009 23:10:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.bookwormroom.com/?p=9669#comment-82511</guid>
		<description>On numerous blogs when discussing OBL and the fact that Bush &quot;failed&quot; to capture him, I&#039;ve asked &quot;what would you do with him if we caught him?&quot;  The answer - &quot;Bring him to justice&quot;.  &quot;How&quot;...  Which court?  What proof?  What translation of his &quot;confession&quot;?   What would you do then - if he was found guilty?  would you sentence him to die?  give him life imprisonment?  Where?  which prison?
 
Personally, I think he may be dead.  Maybe not - but had I been Bush, I wouldn&#039;t have said a word about it if I found out he had been killed.  We do _not_ want to create a martyr.  And they don&#039;t want to admit the great leader is  dead - if he is - so there&#039;s a grand conspiracy that I suspect only time will expose.  

</description>
		<content:encoded><![CDATA[<p>On numerous blogs when discussing OBL and the fact that Bush &#8220;failed&#8221; to capture him, I&#8217;ve asked &#8220;what would you do with him if we caught him?&#8221;  The answer &#8211; &#8220;Bring him to justice&#8221;.  &#8220;How&#8221;&#8230;  Which court?  What proof?  What translation of his &#8220;confession&#8221;?   What would you do then &#8211; if he was found guilty?  would you sentence him to die?  give him life imprisonment?  Where?  which prison?<br />
 <br />
Personally, I think he may be dead.  Maybe not &#8211; but had I been Bush, I wouldn&#8217;t have said a word about it if I found out he had been killed.  We do _not_ want to create a martyr.  And they don&#8217;t want to admit the great leader is  dead &#8211; if he is &#8211; so there&#8217;s a grand conspiracy that I suspect only time will expose. </p>
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		<title>By: SADIE</title>
		<link>http://www.bookwormroom.com/2009/11/16/tidy-house-messy-mind/comment-page-1/#comment-82505</link>
		<dc:creator>SADIE</dc:creator>
		<pubDate>Wed, 18 Nov 2009 22:14:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.bookwormroom.com/?p=9669#comment-82505</guid>
		<description>&lt;strong&gt;Senator Graham&lt;/strong&gt;: Would OBL be mirandized if captured tomorrow?
&lt;strong&gt;Eric Holder&lt;/strong&gt;: (under his breath and scribbling notes, huh? - what kind of question is that to spring on me).
&lt;strong&gt;Sadie&lt;/strong&gt;: OMG, he&#039;s the AG!!
&lt;strong&gt;Warning:&lt;/strong&gt;
6 minutes and wear a helmet to keep your head protected while it bangs the closest wall.
&lt;a href=&quot;http://www.breitbart.tv/senator-presses-holder-would-osama-bin-laden-be-mirandized/&quot; rel=&quot;nofollow&quot;&gt;http://www.breitbart.tv/senator-presses-holder-would-osama-bin-laden-be-mirandized/&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p><strong>Senator Graham</strong>: Would OBL be mirandized if captured tomorrow?<br />
<strong>Eric Holder</strong>: (under his breath and scribbling notes, huh? &#8211; what kind of question is that to spring on me).<br />
<strong>Sadie</strong>: OMG, he&#8217;s the AG!!<br />
<strong>Warning:</strong><br />
6 minutes and wear a helmet to keep your head protected while it bangs the closest wall.<br />
<a href="http://www.breitbart.tv/senator-presses-holder-would-osama-bin-laden-be-mirandized/" rel="nofollow">http://www.breitbart.tv/senator-presses-holder-would-osama-bin-laden-be-mirandized/</a></p>
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		<title>By: BrianE</title>
		<link>http://www.bookwormroom.com/2009/11/16/tidy-house-messy-mind/comment-page-1/#comment-82500</link>
		<dc:creator>BrianE</dc:creator>
		<pubDate>Wed, 18 Nov 2009 20:52:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.bookwormroom.com/?p=9669#comment-82500</guid>
		<description>&lt;em&gt;My 2 cents – our loss of manufacturing jobs (and small farms) is directly attributable to cheap oil.  Think of the pain involved if fuels prices rose to the point where we could no longer import goods cheaper than making them ourselves, not to mention retooling and startup costs.-&lt;/em&gt; Jose

Jose, you&#039;re going to have to walk me through that one.

I would say four things caused the loss of manufacturing jobs.
1. Strong dollar, which made our exports expensive relative to other countries.
2. High wages. This also made the differential between imported and exported goods, though we relied on high productivity through our technological advantage to offset. Productivity is the key. Any increase in wages without an increase in productivity is inflationary.
3. Regulation and taxes. We regulated several industries out of this country, and high corporate taxes prevent companies from locating here.
4. Free trade. Most countries use tariffs to maintain jobs that otherwise would leave a country.

I was working for a construction manufacturing firm that shipped nearly 40% of it&#039;s equipment to Europe. The company built one plant in Italy, one in England and were planning one in the eastern Europe (relatively cheap wages). The decision was the cost of shipping, part of which was due to high energy prices.
They are continuing to build a plant in China to service Asia. The engineering department was required to send work to India, even while they were laying off engineers here. There were two reasons for this- they had a contract that required a certain amount of jobs, and Indian engineers work cheaper than American engineers.</description>
		<content:encoded><![CDATA[<p><em>My 2 cents – our loss of manufacturing jobs (and small farms) is directly attributable to cheap oil.  Think of the pain involved if fuels prices rose to the point where we could no longer import goods cheaper than making them ourselves, not to mention retooling and startup costs.-</em> Jose</p>
<p>Jose, you&#8217;re going to have to walk me through that one.</p>
<p>I would say four things caused the loss of manufacturing jobs.<br />
1. Strong dollar, which made our exports expensive relative to other countries.<br />
2. High wages. This also made the differential between imported and exported goods, though we relied on high productivity through our technological advantage to offset. Productivity is the key. Any increase in wages without an increase in productivity is inflationary.<br />
3. Regulation and taxes. We regulated several industries out of this country, and high corporate taxes prevent companies from locating here.<br />
4. Free trade. Most countries use tariffs to maintain jobs that otherwise would leave a country.</p>
<p>I was working for a construction manufacturing firm that shipped nearly 40% of it&#8217;s equipment to Europe. The company built one plant in Italy, one in England and were planning one in the eastern Europe (relatively cheap wages). The decision was the cost of shipping, part of which was due to high energy prices.<br />
They are continuing to build a plant in China to service Asia. The engineering department was required to send work to India, even while they were laying off engineers here. There were two reasons for this- they had a contract that required a certain amount of jobs, and Indian engineers work cheaper than American engineers.</p>
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		<title>By: SADIE</title>
		<link>http://www.bookwormroom.com/2009/11/16/tidy-house-messy-mind/comment-page-1/#comment-82496</link>
		<dc:creator>SADIE</dc:creator>
		<pubDate>Wed, 18 Nov 2009 19:35:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.bookwormroom.com/?p=9669#comment-82496</guid>
		<description>It&#039;s not incompetence, it&#039;s the &lt;strong&gt;goal &lt;/strong&gt;of the IAEA/el baradei  to advance islamic superiority.</description>
		<content:encoded><![CDATA[<p>It&#8217;s not incompetence, it&#8217;s the <strong>goal </strong>of the IAEA/el baradei  to advance islamic superiority.</p>
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		<title>By: suek</title>
		<link>http://www.bookwormroom.com/2009/11/16/tidy-house-messy-mind/comment-page-1/#comment-82479</link>
		<dc:creator>suek</dc:creator>
		<pubDate>Wed, 18 Nov 2009 17:38:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.bookwormroom.com/?p=9669#comment-82479</guid>
		<description>Read this and tell me that he&#039;s not a mole:
 
http://betsyspage.blogspot.com/2009/11/capitulating-to-iran.html
 
When incompetence is consistent and ongoing, you _have_ to wonder if there isn&#039;t malicious intent.  That&#039;s the way I am beginning to feel about the GOP, including McCain.</description>
		<content:encoded><![CDATA[<p>Read this and tell me that he&#8217;s not a mole:<br />
 <br />
<a href="http://betsyspage.blogspot.com/2009/11/capitulating-to-iran.html" rel="nofollow">http://betsyspage.blogspot.com/2009/11/capitulating-to-iran.html</a><br />
 <br />
When incompetence is consistent and ongoing, you _have_ to wonder if there isn&#8217;t malicious intent.  That&#8217;s the way I am beginning to feel about the GOP, including McCain.</p>
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		<title>By: SADIE</title>
		<link>http://www.bookwormroom.com/2009/11/16/tidy-house-messy-mind/comment-page-1/#comment-82430</link>
		<dc:creator>SADIE</dc:creator>
		<pubDate>Wed, 18 Nov 2009 03:51:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.bookwormroom.com/?p=9669#comment-82430</guid>
		<description>suek
Smith &amp; Wesson is diversifying and going to build barriers. Betcha NYC is gonna need most of them.
http://business.timesonline.co.uk/tol/business/industry_sectors/engineering/article6917828.ece</description>
		<content:encoded><![CDATA[<p>suek<br />
Smith &amp; Wesson is diversifying and going to build barriers. Betcha NYC is gonna need most of them.<br />
<a href="http://business.timesonline.co.uk/tol/business/industry_sectors/engineering/article6917828.ece" rel="nofollow">http://business.timesonline.co.uk/tol/business/industry_sectors/engineering/article6917828.ece</a></p>
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		<title>By: SADIE</title>
		<link>http://www.bookwormroom.com/2009/11/16/tidy-house-messy-mind/comment-page-1/#comment-82415</link>
		<dc:creator>SADIE</dc:creator>
		<pubDate>Wed, 18 Nov 2009 00:38:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.bookwormroom.com/?p=9669#comment-82415</guid>
		<description>h/t Weasel Zippers and with the question of the century...
You will recall that, shortly before the end of the 2008 political campaign, the White House announced a threat to the entire financial system and called on Congress to enact emergency spending powers. The Emergency Economic Stabilization Act of 2008 was enacted on October 3, 2008.
Just eighteen days earlier an event occurred that slid under the radar screen of virtually the entire mainstream media. On Thursday, September 15, 2008, at approximately 11 A.M., the Federal Reserve noticed a tremendous draw down of money market accounts in the nation, amounting to $550 billion dollars. It occurred within an hour or two. The money was removed electronically.
It has never been made public which accounts were affected, nor where the withdrawn funds were sent. If we knew those facts, we would know who launched an attack on the United States that has been more devastating than any in our history.
Read the rest &lt;a href=&quot;http://www.intellectualconservative.com/2009/11/17/a-man-made-financial-disaster/&quot; rel=&quot;nofollow&quot;&gt;here&lt;/a&gt;
 </description>
		<content:encoded><![CDATA[<p>h/t Weasel Zippers and with the question of the century&#8230;<br />
You will recall that, shortly before the end of the 2008 political campaign, the White House announced a threat to the entire financial system and called on Congress to enact emergency spending powers. The Emergency Economic Stabilization Act of 2008 was enacted on October 3, 2008.<br />
Just eighteen days earlier an event occurred that slid under the radar screen of virtually the entire mainstream media. On Thursday, September 15, 2008, at approximately 11 A.M., the Federal Reserve noticed a tremendous draw down of money market accounts in the nation, amounting to $550 billion dollars. It occurred within an hour or two. The money was removed electronically.<br />
It has never been made public which accounts were affected, nor where the withdrawn funds were sent. If we knew those facts, we would know who launched an attack on the United States that has been more devastating than any in our history.<br />
Read the rest <a href="http://www.intellectualconservative.com/2009/11/17/a-man-made-financial-disaster/" rel="nofollow">here</a><br />
 </p>
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		<title>By: SADIE</title>
		<link>http://www.bookwormroom.com/2009/11/16/tidy-house-messy-mind/comment-page-1/#comment-82412</link>
		<dc:creator>SADIE</dc:creator>
		<pubDate>Tue, 17 Nov 2009 23:59:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.bookwormroom.com/?p=9669#comment-82412</guid>
		<description>suek
Once you are finished with Jose&#039;s link, stayed put and catch this one. I listened to the interview yesterday, but there is a written summary. Those three words, we don&#039;t want to hear - more bad news. I got a ear full of &#039;private equity&#039;. I should paraphrase and say private inequity.
&lt;a href=&quot;http://www.npr.org/templates/story/story.php?storyId=120391729&quot; rel=&quot;nofollow&quot;&gt;http://www.npr.org/templates/story/story.php?storyId=120391729&lt;/a&gt;

Mike Devx
Wish I could answer that question about pre 1972 or after.  I only understand that there was extreme hyper inflation in the 70&#039;s. If you recall, home prices were doubling left and right. CD&#039;s were paying 10% and upwards towards 16%. The dollar should have been devalued 10% at the time, but that was never going to happen.
I was thinking about all the posts and had another thought ... France, for many years ( (I don&#039;t know if it&#039;s still a law) would not allow radio to broadcast more than 40% in English, supposedly to protect the French language. At the time, I thought it rather anti-English and some Euro-protectionism. China and Saudi hold and manipulate  US dollars. I think we have to apply the same ratio-nal thinking to import/export. The Saudis have bought entire departments at Harvard to begin with like  &quot;Chair of Islamic Studies&#039;. Nevermind, that I think Harvard is whore for selling their body - it should be illegal and that we need to initiate the France model to how many dollars come in/out and the same percentage must be applied to all goods.</description>
		<content:encoded><![CDATA[<p>suek<br />
Once you are finished with Jose&#8217;s link, stayed put and catch this one. I listened to the interview yesterday, but there is a written summary. Those three words, we don&#8217;t want to hear &#8211; more bad news. I got a ear full of &#8216;private equity&#8217;. I should paraphrase and say private inequity.<br />
<a href="http://www.npr.org/templates/story/story.php?storyId=120391729" rel="nofollow">http://www.npr.org/templates/story/story.php?storyId=120391729</a></p>
<p>Mike Devx<br />
Wish I could answer that question about pre 1972 or after.  I only understand that there was extreme hyper inflation in the 70&#8242;s. If you recall, home prices were doubling left and right. CD&#8217;s were paying 10% and upwards towards 16%. The dollar should have been devalued 10% at the time, but that was never going to happen.<br />
I was thinking about all the posts and had another thought &#8230; France, for many years ( (I don&#8217;t know if it&#8217;s still a law) would not allow radio to broadcast more than 40% in English, supposedly to protect the French language. At the time, I thought it rather anti-English and some Euro-protectionism. China and Saudi hold and manipulate  US dollars. I think we have to apply the same ratio-nal thinking to import/export. The Saudis have bought entire departments at Harvard to begin with like  &#8220;Chair of Islamic Studies&#8217;. Nevermind, that I think Harvard is whore for selling their body &#8211; it should be illegal and that we need to initiate the France model to how many dollars come in/out and the same percentage must be applied to all goods.</p>
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