The Big 3: Bearish Volatility, Political Banking Motivations, and MTV Joins 2002

dear cody why hasn't any asked what happens to all this money the government is going to make?are all taxpayers going to get a dividend check?

Bhoy, thanks for the recommendations - will be sure to read. Just received Mises' Money & Credit and Smith's Wealth of Nations. I hope I get to bring my books with me when I'm declared an enemy of the state for not borrowing money from the banksters to speculate with the gangsters.

"AIG already running through government loans." Just a heads up if anybody is long on AIG. Oh Yea, we all are.

It’s just unbelievable how much big oil runs this country. The only way this market moves is if I pay $4.00 for gas. Based on Exxon's quarterly profit. Worst recession data in 28 years and the market responds to big oil profits. United States of Exxon island. I’m not for spreading the wealth by any means, but this has to end or this will be an eastern world. Oil guys like Eric laugh and smile because they make their money of this, but if this continues, we’re done. They’ll eventually have the money to limit down, and limit up the market. That’s already happening to some degree. Even with the bailout our financial companies are in such bad shape, yet there stock increases, voodoo economics. Cody, maybe our market and economy has already been destroyed long before the bailout. This is so one sided it’s frightening. This company could single handedly fund the bailout package. Frightening. I don’t care if this market goes up 10,000 points tomorrow. I’m not back in. Between government intervention and commodity speculation, this market is a joke. I watched Cramer yesterday and laughed at him. Fundamentals are such a joke right now. This market is so corrupt with speculation and government poison, I might not return, regardless of potential returns. It’s really a sad day. I had my good times and always defended our market system, but I really truly believe that you can’t “invest,” anymore. Only gambling traders with no fundamental principles and voodoo charters can play this market now.

Go Cody! Just watching Happy Hour. Missed the GREAT EVENT on purpose. Looks like in future we will all be hearing more than we want of the same. Bravo Glenn (above). Economics cannot be separated from politics, we haven't had a free market we have "political economics." After Road to Serfdom read Rules & Order. Took me long time to read -- many notes in margins. Next Bruno Leoni “Freedom and the Law“ (weakness of democracy is legislative body). Will check out End the Fed. See ya in the Gulag.

Comment by Rick to Alexis Glick Oct 29th, 2008 at 9:38 pm Here it is! Your thesis is incorrect because you fail to include some very pervasive forces that work silently behind the scenes which CREATED this scenario. But without delving too deep… The market crashed because Wall St. knows what debt does to an economy, and we will be swimming in it, as will the generations to follow. The bailouts and handouts have only just begun. Then there is Soc.Sec., increased Welfare from the “bail me out”, mentality being generated, and all the baby-boomers’ retirement which is being destroyed. Small business cannot stand the upward pressure of the tax burden that will be created, so continuing business failures and layoffs will overwhelm our now inflexible economy’s ability to absorb. And if B.O. is elected?… Katie bar the door! The bottom line is this…..(certain bankers beginning with J.P.Morgan) created this situation for their own idea of the world, Bill Clinton is the dupe who itiniated it! and there is no Ronald Reagan waiting in the wing! America, which hands out $500 Billion annually to every country in the world except Britain, is being and will be blamed for this, and therefore will be “forced by the world” to concede to a “more responsible form of governnent”. This will begin with the meeting set up by Bush for November. America will NEVER be the same again! I have been watching this unfold for 35 years and history will prove this right! I must remind all that the $700 Billion that they keep debating as to “how to best invest “to bring recovery” DOES NOT EXIST, and creates an illusion! This is actual and burdensome DEBT beyond imagination! The market fell as soon as it became aware that the baffoons in charge of the money system, actually plan to do this! They should let the market take care of the Real Estate, the FBI investigate, and send the jerks responsible to prison! But no… bailout the banks which created it, make the baffoons look hero-like if they can, and the FBI will be headed off at the pass. Does anyone REALLY BELIEVE that Barney Frank and company will go to prison?! Listen to Cody on FOX Happy Hour, if only whats-her-name would let him talk. He is wise.

when was the last time this market stood on its own two feet? This thing would be a corpse without Bernanke's hand up its back.

I really believe the banks and Wall Street have pulled one over on the financial invalids in Washington. It’s simple; these people know how the market works. They’re going to wait this recession out hoarding the bailout money. When the markets improve and everyone is focused on how the bailout worked, which is BS because free market correction is a natural process, this money disappears in the form of bonuses, dividends, etc. Hear that laughter, it’s the banks laughing at the government. Were there any pre-established conditions on receiving the money? Surely our government isn’t that clueless, are they? Given the current market advances, I thought about the few bullish activities that brought us out of significant recession periods. 1. Advances in industrial technology and a hard working eager work force of the American industrial revolution after the 1930s. 2. Technological advances in computer science and the explosion of the Internet with innovative applications through the 1990s. 3. World trade and advances in emerging markets that enabled the US to tap vast economical human capital resources early 2000s. 4. Banking industry? Cody, in the late 80’s when I was playing around with my Commadore 64, I said to myself, even as a kid, boy this technology could really have legs and take off. The advances in computer technology have exceeded even my expectations. It’s just amazing. I really don’t have clarity on what’s next. What new technology can we get excited about, what’s on the horizon and what brings us out of this in the next two to three years and how are we going to finance it if bankers and the government are squandering our money. What’s the new 1950-1970 auto industry of the future? I just refuse to believe along with the government that all of our financial resources should go to the banking industry. Is this our future? Yes, the concept of Illuminati is important, but this really concerns me. It really bothers me that the US may not usher in the new technological frontier. Maybe we should be reserved when letting people on the brink of “retirement,” make decisions that could have implications on future generations.

You know what these daily, or minute to minute, emotional swings of the traders and financial reporters reminds me of? People who are addicted to slot machines in Vegas or any other Casino show the exact same behavior.

Adam- I am in on the record label. Bank job sucks right now. Who should we sign first? Hey, doesn't Cody play in a band??

Cody, Good to see Happy Hour back on the past week or so - although I do like getting the reports from Brady and the gang in Australia. The more I learn and listen, the less sense Eric Bolling makes. I will henceforth refer to him as EBoli(fitting for a mouthpiece of the Illuminati). I don't know how much acting is going on, but man oh man, the guy just doesn't have a heart for freedom. What is apparent to me now is that politics and economics cannot be separated. I'm reading The Road to Serfdom by Hayek, just started the introduction, and as much as I'd like to disregard politics to learn about economics, especially the Austrian School of study, the connection keeps raising its head. Sure, mathematics can be used to model systems, calculate risk, and price assets. And it probably does a pretty good job. However, if one is willing to toss out individual liberty, property rights, and free-markets just to keep a failing system in place, how can a free society stay free? If central planning is acceptable, then one's economic policies and actions will be much differnt from that of a classical liberalist. Did you read the report from the Minneapolis Fed staff debunking the myths used to justify the bailout? That's why I have always referred to it as a "supposed crisis". Looking forward to reading more about your social networking venture. By the way, hope you have a chance to support one of the protests being held at the Fed branches 11/22/8 - www.endthefed.us Keep up the great work!

Feelin inspired lately...the way things might have been if only their creator had dreamed larger, bigger, more inflatedly: 10. 700 billion or 6 to 4 - Chicago 9. 700 billion points of light - George Bush I 8. "I figure I've slept with about 700 billion women" - Wilt Chamberlain 7. 700 Billion Leagues Under the Sea - Jules Verne 6. 700 Billion Bar - Nestle 5. 700 billion bottles of beer on the wall, 700 billion bottles of beer. You take one down, pass it around... - anonymous 4. "To 700 billion, and beyond." - Buzz Lightyear 3. "I got a great name for our kids. A real original. You wanna hear what it is? Huh, you ready? 700 billion." - George Costanza 2. Joe 700 Billion Pack - Sarah Palin 1. "These go to 700 billion." - Nigel Tufnel Washington DC today reminds me of a political "This is Spinal Tap".

Current Fox Business/Government Network survey question: Which group do you think is least deserving of bailout? Auto industry Insurance industry Financial institutions Mortgage holders On the basis that this question implies I believe any of the choices deserve a bailout, I refuse to respond. You can do better than this Fox Business/Government Network!!