"If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired, just like always. Your warranty will be safe. In fact, it will be safer than it's ever been. Because starting today, the United States government will stand behind your warranty."The Ford family's rivalry with the Federal Reserve is one of the more interesting sub-texts of the socialist Coup in progress.
- Barack Obama
“It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”Henry Ford was ahead of his time. He staunchly believed the Federal Reserve was behind the Great War and would cause more world wars for profit. Ford was an advocate of Ben Franklin's idea of land-backed bonds issued by congress to back constitutional U.S. paper.
- Attributed to Henry Ford, but he was quoting Andrew Jackson (see quote of the day)
November 4, 1921, NY Times:
It seems to me that Ford has been the chosen successor for the future of US car manufacturers...the Govt. would just contract Ford to do repairs and taxpayers pay suppliers to ensure parts are available.
ReplyDeleteI have wanted a Dodge Challenger for awhile.
ReplyDeleteJust waiting for the price to tank and make sure parts are no problem.
Sharp car
Wow, this fantastic!!
ReplyDeleteNot only is the gov't. in the banking and insurance business, but it can guarantee your car warranty as well!!
Soon I'll be able to get my government guarantee on the Slice-o-matic and the Kaboom cleaning fluid I just got!!
This comment has been removed by the author.
ReplyDeleteFunny thing is when the government owns everything no one is much interested in investing in it.
ReplyDeleteDo you think Obama knows this, or just doesn't care?
I know the president is ultimately accountable for this new policy. He said "The Buick stops here."
ReplyDeleteOr was it: "What do I have to do to put you in this Camaro today?"
SO THAT's what the 3am phone call to the White House will be:
ReplyDelete"Onstar, this is Barack, how can I help you?"
"It seems to me that Ford has been the chosen successor for the future of US car manufacturers"
ReplyDeleteI think Ford will be the one the administration tries to take down. Obama probably has no idea why he will be pushed in that direction by Geithner.
FDR,
ReplyDeleteI'm an ardent follower and am convinced that we will continue to have deflation, contrary to popular opinion. However, in debating this topic, a friend showed me a chart of the monetary supply from the Federal Reserve showing the M2 monetary supply increasing. Is the explanation for why this growth will not mean inflation as simple as M2 is largely a measure of deposits, and total currency won't grow without lending (which won't happen without credit worthy borrowers)? Thank you.
"I think Ford will be the one the administration tries to take down. Obama probably has no idea why he will be pushed in that direction by Geithner."
ReplyDeleteBut doesn't Geithner and Obama both have families who work/or worked for Ford or the Ford Foudation?
ATTENTION!
ReplyDeleteFDRALLOVERAGAIN I HAVE A QUESTION:
Gold is looked at as a commodity BUT also as a currency.
Do you see any currency (international or domestic) that can rival the safety of gold.
Do you see safety in ANY currency other than gold? If so than why?
If no currency seems safe, than why not buy gold? As gold has held it's purchasing power for centuries...
Your thoughts....gold bear
Is that why 'world bankers' branded Henry Ford as Nazi sympathizer and anti-Semite to discredit and smear him in the US?
ReplyDeleteWe're all going to be branded worse those things, soon. Anyone who doesn't willingly submit to global fascism will pay.
ReplyDeleteFord is in big trouble, as is the Constitutional USA, our fathers' arch enemy is back with his thug friends.
The G20 intends to rape the United States in the most painful way they can dream. So far, our fearless leaders have offered up our children, but will it be enough? Not a chance.
More anti Obama bashing, and yet no word as to the real state of play.
ReplyDelete1. No riots on the street.
2. A 20% stock market rise.
3. A more balanced and peaceful world.
Everyone is talking of Amraggeddon, but when I look outside, it looks like it did before, and people on the whole have not changed their lives, including, it would seem, the commentators on these boards. There is lots of prediction, but really, we are all doing what we did last year.
The economy is getting better, and confidence is being restored, why, real estate even went up in the UK last month, we will be at DOW 8000 by this afternoon, and Hong Kong put on 1000 points.
I know I am going to be abused and insulted and ignored, or maybe called a freak or a Nazi or idiot or whatever other open and kind words commentators which to use as my opinion of looking around at the reality is just not popular or condusive to the current trend of morbid analysis predicting the end of the world. But I am just saying what I see around me, and well as what i read.
We may just have avoided a depression, and Obama will get the credit. I understand how that will hurt, I do, but we have to look at what is happening, and not just to what we want to happen.
"More anti Obama bashing, and yet no word as to the real state of play."
ReplyDeleteIt's alway lovely reading comments like this posted Anonymously. Thts's as critical of you as I'm going to be.
As for the specifics of your post, this is why Bear Traps or Dead Cat Bounces fool people into a false sense of security. Other Elliot Wave Theory folks, looking at the Primary wave formation, are saying we will likely see Dow 10-11k out of this rally. That remains to be seen, but it will not mean "happy days are here again".
I don't take anyone's word for anything, but my research shows this guy is/has been correct on his major points.
We are at sell and hold levels.
ReplyDelete"Everyone is talking of Amraggeddon, but when I look outside, it looks like it did before"
ReplyDeleteI had a talk just like that with my Managing Director in August of last year. He got fired for losing too much money 1 month later.
I for one believe the world will still turn, but there is an extremely high possibility we are heading to terribly choppy waters. The macros just don't add up. In any case suppose they can reflate the bubble, then we will have another crash even more vicious than this one in 7 years.
Best,
Armagedon
Markets have clearly turned a corner. You can't keep getting stuck up in your one-way analysis, that's how you miss out on major market movements and eventually lose money.
ReplyDelete"Markets have clearly turned a corner. You can't keep getting stuck up in your one-way analysis, that's how you miss out on major market movements and eventually lose money."
ReplyDeleteFDR's MW posts convinced this buy & holder to go to cash in November 07 when the DOW was at 13100. It's more profitable to miss downward major market movements than bottoms. If this market can crack 10K then I may put my toe back in the water. I'm no trader.
Me = wussy.
FDR,
ReplyDeleteThanks to your MW posts I was selling between DOW 14,000 and 11,200. I am thankful that I did. However, this recent rally has been tough to watch from the sidelines. Do you have any reassuring words for us out there who feel that we just missed out on 20% run up? I still have faith in the deflation scenario but days like these sure test it.
Thanks.
"More anti Obama bashing, and yet no word as to the real state of play..."
ReplyDeleteNo one here should bash your opinion as long as you too show respect for other's opinions. We don't come to this forum to hear what we want to hear. We come here to discuss ideas and to figure out the truth as painful as it might be.
We are especially grateful to FDR for having the guts to share his point of view. If someone is not courteous to FDR the host of this "gathering". We will step in to defend him.
As far as this bear rally or bear squeeze, it was predicted by FDR. He also said that it might last for a little while. I particularly remember him saying that people would be in the midst of massive celebration thinking that the mkt has been saved when the fall would come. Read the older posts and you will see that it is all there.
Good day.
I started following FDR's posts in 10/07, shortly after I started self-investing.
ReplyDeleteIt got to the point where my most frequented internet sites were Bloomberg, FinancialSense, and googling FDRalloveragain to get FDR's MarketWatch posts.
He rightly called the top of the commodities market way before anyone else saw it coming and was calling for deflation last summer when people were 50:1 calling for inflation (myself included).
No one will always be right - its hard to see the prediction of $10/barrel oil coming to fruition. But for those of us who have followed and often argued against FDR, his track record has commanded respect.
My advice: Please continue to follow this blogsite - don't easily dismiss, because it is unique IMHO.
FDR.
ReplyDeleteSeems like the hedgies are finally exiting their gold trades to trade this bear rally. I think we may finally cash in on our precious metal short. Christmas does come around more than once a year. =D
Best,
Armagedon