fahrender

http://fahrender.blogspot.com
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    • Sun Nov 16th 12:00 PM | Rating: +2 0
      Commented on:
      Peak Oil's Bell Is Ringing
      saying "let the market take care of it" really means "let the cleverest schemers make the most money off the situation and the devil take the hindmost". this is exactly what happened in our present worldwide financial debacle. some problems are simply not to be solved by unfettered capitalism.
      long_on_oil said it best:

      "wouldn't we be better off to prepare for peak oil and be proven wrong than not to prepare and face the Armageddon to come(?)."

      there are more worthwhile reasons to develop alternatives to oil besides avoidance of Armageddon. the serious development of wind and solar power and the modernization of the electricity infrastructure in the US would make for a stronger economy as well as a healthier environment. a healthier environment would reduce health care costs. converting autos in America to natural gas would also improve the environment. building out the required infrastructure would be economically beneficial.

      we used to be a "can do" country. we are known, historically, as innovators. what happened? why can't we do this?
      View article »
    • Fri Nov 14th 09:18 AM | Rating: 0 0
      Commented on:
      Seven Companies Profiting From Obama's 'New' New Deal
      funny thing, Roosevelt was such a baad president he got elected three times. imagine America today without Social Security or the FDIC, two programs that have saved our bacon many a time. FDR wasn't perfect by a long shot but he knew what had to be done and set about seeing to it that it got done.
      i suppose CLH would've been happy with the Axis powers and their rapacious ways taking over Europe and Asia.
      the right wing in this country are consistent anyway: fascism, yesterday as well as today is just fine with them.
      View article »
    • Sun Nov 9th 11:58 AM | Rating: +4 -4
      Commented on:
      The Reagan Counterrevolution
      Capitalism, unregulated, always ends up with the greedy hustlers pushing the economy of a country into disaster. It has always been
      that way and we find ourselves, the citizens of America, getting
      punked once again.
      There is a thing called moderation. There is another thing called balance. For the past forty years America has become more and more unbalanced economically. A smaller and smaller percentage of people have managed to get a greater and greater percentage of the world's wealth. Those in power have relentlessly pushed for this, or, have not cautioned enough against it until we are where we find ourselves today: FUBAR.
      When people with power, official or unofficial, don't act with wisdom and foresight a cataclysm eventually results. How close are we to such a thing right now? I don't pretend to know, but the "chicken little" posturing
      of Peter Schiff really put me off.
      If Obama moves towards "socialism" it may well not be such a bad thing. Some delivery of relief to working stiffs and the unemployed would be every bit as helpful to the economy as the "socialism" for the rich that came down in 2001 and just last month for Goldman Sachs and Wachovia Bank.
      Am I a "leftist"? Left of who? Rush? Alan Greenspan? Larry Kudloooow?
      Peter Schiff can move to Bumfuk, Egypt for all I care. Neocon gangster capitalism has proven, definitively, just how bad it sucks, but I'm going to remain an American and I feel one heck of a lot better supporting Barack Obama than I ever could the posturing faux cowboy who hasn't left D.C. yet.
      View article »
    • Sat Nov 8th 12:04 PM | Rating: 0 0
      Commented on:
      Pain, Then Gain
      Before Obama even gets sworn in Tony Petroski is comparing him to Jimmy Carter, echoing Peter Schiff's theme. The Mighty Wurlitzer is cranked up and running.
      The truth is that we should've listened to Jimmy Carter, especially about getting geared up with alternative energy sources. Had we started doing that in the '70's we wouldn't now have the ridiculous situation that exists in America with oil dependency.
      I'm not a particular Obama fan but I plan to give him a chance to be in office for at least three months before I make any criticisms of him. Lassez Faire Capitalism has crashed and burned, spectacularly I might add, and most people have noticed. That's why Obama got elected. Maybe we should see what Obama does before we start yelling hysterically that the sky is falling. And considering how big the SNAFU is, no matter what Obama does or doesn't do it's going to take several years for a recovery to actually take shape.
      View article »
    • Mon Oct 27th 01:13 AM | Rating: 0 0
      Commented on:
      Hedge Funds Threaten to Block Mortgage Modifications

      The Democrats, many of them, deserve some of the blame for this mess, but,
      Bush and the Republicans deserve a lot of the blame: for encouraging the lassez faire/reckless capitalism of the past thirty years:

      Phil Gramm, Larry Kudlow, Jack Abramov. the poster boys of the debacle.

      Is it any wonder that Warren Buffet and George Soros are supporting
      Barack Obama?
      View article »
    • Fri Aug 29th 13:39 PM | Rating: 0 0
      Commented on:
      NBC Refuses Pickens Plan Ad
      funny how the Republicans held Congress for six years with a Republican president and they did every single thing that George W. Bush asked them to and the Democrats went right along with them. We had bipartisanship, and the oil companies reaped HUGE, H-U-G-E profits.
      We could've had an energy policy but Vice President Dick Cheney had PRIVATE meetings with oil executives and refused to release ANY information about those meetings to the public. Now we find ourselves up a huge stump over a complete lack of an energy policy and some idiots on this site want to blame the libruls for the whole mess.
      People are hurting all over this country over the price of gasoline and the Republicans and their sheeple think that drilling in ANWAR and offshore is a solution to the problem whereas it will be, at a minimum, ten years before this can have ANY effect and then only a very short term one.
      Our problems are big and they will require a plan by the federal government to deal with them. We have been royally screwed by the Republicans and their Corporate masters. Too bad some people think that government can only make matters worse, whereas sometimes, sometimes, government is very necessary to deal with problems. The need for an nuanced energy policy to help this country get back to being the vibrant nation is one of the most urgent needs we have.
      I do not know if the Democrats, if they actually get a functioning majority in the Senate and a president who can walk and chew gum at the same time will bring about what we need but it's about damn time we sit them down on the hot seat and see what they're made of.

      And if they don't do it we'll vote those bums out of office in '10 and '12.
      View article »
    • Sat Aug 16th 00:43 AM | Rating: 0 0
      Commented on:
      T. Boone Pickens Holdings Down Nearly 20% This Quarter
      are you saying that oil and gas won't come back? dream on ........
      View article »
    • Thu Aug 14th 13:33 PM | Rating: 0 0
      Commented on:
      Interesting Reactions to Ctrip Earnings
      CTRP's been good to me. it's been by far the most profitable stock in my portfolio over the past 32 months. it seems to be a very well run company, the market leader in China, management has made prudent decisions and it has a steady hand. i've taken a lot of profits but i've also bought on the recent pullback to the mid $40's.
      Warren Buffet thinks the 21st century is China's for the taking. CTRP seems to fit in to that picture.
      View article »
    • Thu Aug 14th 13:15 PM | Rating: 0 0
      Commented on:
      Natural Gas & Wind Power - The Pickens Plan
      and what's that suppose to mean, Bud?
      the man has a plan with some real possibilities. there are a number of municipal governments that have bought into what both CLNE and Westport (the firm that provides the truck engine technology) have to offer. this is called capitalism in the service of civic good.
      no, it's not perfect but it has a chance of doing some real good and making some money as well.
      what do you have to offer?
      View article »
    • Wed Aug 13th 00:17 AM | Rating: 0 0
      Commented on:
      8 Ways to Profit if OPEC Dumps the Dollar
      the dollar has been moving up recently, yes. and oil has been moving down considerably, also recently. change your perspective a little (stand back instead of up close) and look at how far the dollar has fallen in the past three years (to the euro) and how high oil has soared in the past two years (not long ago it was at $30).
      of course, NOBODY knows what will happen but, there are other reasons besides oil that the dollar is in trouble:
      the financial/mortgage institutions mess will continue to present us with bad news (yesterday JP Morgan, etc.) for another year or two and the "guns and butter" farce the Bush Administration has hung around our necks will be a long time being paid off.
      you can be a Larry Kudlow if you want, just don't expect me to pony up to your new ETF fund if you do.
      View article »
    • Sat Aug 2nd 12:55 PM | Rating: 0 0
      Commented on:
      Bust, Bail, Repeat: The U.S. Enters into an Ever-Worsening Cycle
      So I read here that the American people are just as much at fault as the politicians and financial wheelers and dealers. What a sick joke. Congressional flim flam artists such Phil Gramm managed to get regulations tossed that paved the way for this mess.
      Wall Street saw a window of opportunity and was perfectly willing to pile on and then drive off with truck loads of money. The hyenas in the "loan industry" enticed the gullible public in to signing on the dotted line and Alan Greenspan piously blessed the whole travesty. Now that he's comfortably behind the theater curtain along with those former CEO's and their golden parachutes Greenspan can take a different perspective, evidently imagining that no one will remember the part he played in letting any semblance of financial stability crash to the ground.
      The general public, the average person, will rarely fail to be gullible in the kind of atmosphere that prevailed over the past ten years. When there is no sensible regulatory framework in place and virtually nobody in a position of responsibility publicly questions what is going on how are they to know? Why do you think this kind of thing happens again and again?
      The unfettered "free market" has once again lead us to disaster because Congress repealed laws and shredded regulations which would have prevented this farce. Yes, they're to blame, along with all of the corporate owned K Street prostitutes that beguilingly turn their heads.
      As for Larry Kudlow and his sophomoric cheerleading, he symbolizes the dismal mess. What a maroon.
      View article »
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