Big 3 Bailout/loan total FRAUD

I'm sitting here in disbelief that the big 3 automakers are in Washington asking for these loans totaling $34 billion. I see that Toyota/Nissan/Honda is working in the same environment as the big 3, yet they are in no financial trouble. The Japanese auto companies are even expanding in the US and are still profitable.

As I see it, the US automakers are operating on a poor business model on two fronts. One, they are building cars that are not competing well with the world auto market and, secondly, the contracts with the United Auto Workers Union don't fit with reality of the world today. My point being is that unions in general are a JOKE and are OBSOLETE. Why are the big 3 still funding retirements on the old model of the defined benefit pension? Why do they EVEN DEAL with the UAW?

The big 3 are paying, including retirement benefits, somewhere near $78 an hour where Honda, Toyota and Nissan are paying around $35 an hour. I read somewhere that the UAW contract allows workers to collect up to 90% of their pay as they sit in a "job pool" waiting for work. That's welfare as far as I'm concerned and not sustainable for the long term well-being of the companies.

The defined benefit pension essentially met its defeat in 1974 after the US Congress passed the ERISA act. The act basically put the power of retirement investing into the hands of the employee and not the employer. Essentially, it evolved into the 401k.

My solution is to breech all UAW contracts and FIRE ALL the union workers. Then, hire them back under a REASONABLE agreement that suits the 21st GLOBAL economy. TAKE IT OR LEAVE IT.

So, this bailout/loan will just delay the inevitable- the bankruptcy of the big 3. It may be a year or two but that's my prediction. If they went bankrupt now, they would emerge so much more powerful and be able to compete globally for the first time in a long while.

Fat Chicks and Aliens

Hello All,

Sorry I haven’t written in a while. Been very busy taking phone calls from people panicked about this recession/depression thing.

If you listen to my buddy, Roberto K, he’ll tell you that we won’t hit a depression because the powers that be will continue to print money which will create inflation. Then hyper inflation hits and the value of the dollar becomes worthless. But at least we didn’t hit a depression. It’s like my second wife. . . you know, a totally hot chic who gets depressed, then eats to temporarily suppress the pain, then hyper inflate from all the eating and basically becomes worthless piece of . . .

If you listen to Bob, my fellow blogger, he’ll tell you this is a great thing because the hyper inflation will cause the price of silver to go up and he’ll make a fortune. What jerk. “Hey Jack, did you here the great news? Hundreds of thousands of people are losing their jobs. Isn’t that cool? My silver will be worth more now?” He reminds me of my 2nd wife too. She celebrated when Crispy Cream closed down. Forget all the people losing their jobs, she celebrated at the discount doughnuts from the closeout sale. God I hated her. So Bob needs to shut up and find a way to make money without the destruction of lives. Hey Bob. Shut up!

Anyways, all this joy from the destruction of peoples’ lives is premature. The fed is most likely going to jack up the money supply, BUT there isn’t going to be extra money floating around. The stock crash and the real estate crash have suddenly reduced the amount of money out there. The fed would have to put trillions of dollars in just to keep it balanced. So there isn’t any inflation or hyper inflation here. The whole recession thing is just in people’s mind since the fed is putting money in, and the whole hyperinflation thing is just wishful thinking.

So let’s calm down all this craziness and fear. Godzilla isn’t coming to town, neither is Santa Claus. All the layoffs are just panic from greedy executives.

Our course I could be totally wrong and Bobby Big Bucks could be totally right. But lets say he is and the US has hyperinflation. Big deal. Since every other country is so linked to us, then they get hyper inflated too. Its like my 2nd wife getting fat. If all the other girls in the world would have gotten fat too, it wouldn’t have mattered. I’d just need my wife to be the best looking fat chic.

Or lets say Bob the blogger is right and this hyper inflation is just a tool of the ubber rich to create one world government. Well cool. Then we can be united against the green skinned, snake tongued alien threat he keeps warning me about.

That’s what this financial crisis boils down to. . .fat chics and aliens. I’ll take a thin, large breasted alien any day.

Jack B. Calm

Sales Equals Income or Smurfs are Tittilicious

There exists, in this universe, a batch of magic. In this batch of magic lies a few deep wisdoms hidden from the common mortal man. These magical wisdoms are not completely lost to us though. We all know it. There is the occasional secret that has made its way into a human ear. There is evidence of it everywhere.

Go to a few bars, pretty soon you’ll see one of these secrets. There’s a skinny little twit boy surrounded by a large breasted, thinly waisted, puffy lipped, tan mob of ubber hot chics. And just to make it more painful he is fondling two of them. You know the rest want to be fondled too, but this poor skinny bastard only has two hands, so the others will have to wait. Crap, if I’m lucky enough to get attention from a decent looking chic, she sure isn’t going to let me fondle her and she’s especially not going to let me fondle all her friends. Nope. This twiggy pencil dick has been told a universal secret. And the prick sure isn’t telling it to me.

You see the same thing with money. Once in a while you’ll find a stupid hillbilly whose mother is also his sister and his dad is also his uncle George, but who is also filthy rich. These are the dipshits who made jeans with holes popular. Hillbilly gear by Armani. . . Shut UP!

Now imagine if a good looking guy learned the secret of woman, or a smart guy learned the secret of money. Shit! That guy would be SET UP! Well, I’m not good looking, but I do have the occasional brain cell. If I can just learn the rich people’s secret, THEN I can get the plastic surgery, go learn the ugly guy’s secret and RULE THE WORLD! Or at least get laid in a Lamergini.

This is why I work at Rich Dad. . . to get laid in a Lamborghini. . . and to gleam some inner secret of the rich. Something Robert Kiyosaki knows, but he’s not sharing. Well, I’ve been here over two years. I’ve gotten Robert stupid drunk. . . learned nothing (other than his fetish for smurfs). Sent super hot shirtless woman after him . . . learned nothing (other than he REALLY loves his wife or he’s gay). Sent super hot shirtless men after him. . . learned one thing (he loves his wife). Finally, I decide to just ask. One thing. What’s the biggest thing? TELL ME THE SECRET!!!

Sales equals income.

Duh. Shut up. Please tell me something that I’m not already born knowing.

Sales equals income.

I know. I know. Go play with a smurf.

Sales equals income. Hear me. You’re listening, but you are not hearing. Sales equals income.
I do not care what you are doing, you are always selling or being sold. Whose going to buy who’s shit?
You want that chic to think you’re worth the time, she wants you to thinks she’s not interested. Who’s gonna buy who’s shit? You want to tell your boss how hard you’re working and your boss wants you to work harder. Who’s going to sell and who’s going to buy?

Your hair, your posture, the car you drive, the clothes you where. You are selling. You’d better be damn sure you’re selling what you want people to be buying. Yeah, I love smurfs. I do not walk around in smurf underroos. For one thing they are too tight on me and ride up my ass, but for another, I’m selling myself as rich and powerful.

Why does it matter that I’m always selling? BECAUSE SELLS IS INCOME. God, you are stupid.

I’m still visioning Robert in his smurf panties. I’m trying to focus on what he’s saying, but smurfaroos. Come on.

Robert continues. . . Accounting is income. No.
Legal is income. No.
SALES is Income. You can’t have the rest without sales. Sales. sales. sales.

With the economy crashing, what are you going to do? Hire another accountant? NO!!! Beef up your sales department, because you’re going to need every sale you can get.

Suddenly it dawns on me. This IS the secret that skinny nerd at the bar knows. He’s sold himself as something special. This twit has refused to buy the “I’m special” routine and instead sold the “I am special” routine and now he’s got fists full of tittilicious, soft malleable boobies.

I thank Robert for sharing his secret wisdom as he drives off in his smurf blue Lamborghini.

Jack B. Loo

Book on Federal Reserve

In this past Tuesday's meeting, Robert started out talking about this bailout and brought up the book, "The Creature from Jekyll Island", a book about the Federal Reserve. This book is about a group of rich and powerful people who met on Jekyll Island off of Georgia in 1910. They came up with the plan for the Federal Reserve which was formed in 1913. It turns out that the Federal Reserve is not Federal but a private corporation. It's not a bank and they have no reserves. They simply print US Dollars at will and since '71, those dollars have no gold backing.

I've started reading the book but nowhere near finished (500+ pages). Robert believes that this financial system was set up by design and now we're seeing it start to break down with the failures of Lehman, Fannie, Freddie and the $85 billion loan to AIG. This $700 billion+ bailout is probably going to be much higher then what they are saying. More on this bailout and the book....

"Injecting" liquidity" into the financial system- What a FRAUD!

How many times have we heard over the last year from the mainstream media that the federal reserve was going to "pump liquidity" or "INJECT" money into the financial system? What does that translate to? Is there some bank account out there with countless trillions of dollars waiting for withdrawal? The answer is yes.

This phantom bank account is administered by the "federal reserve bank" and they control the money supply of the U.S and ultimately the world. They have the power to print and electronically create US Dollars and as much as they want.

So, after this week's failure of Lehman Brothers and the buyout of Merrill Lynch along with the bailout of AIG, we hear again of this "injecting" $247 billion of liquidity into the markets to keep banks afloat.

The "injection" of money into the financial system only further dilutes the money supply, thus reducing the value of the US Dollar.

Why is it that the American public is completely CLUELESS on this point?

How long do you think this can go on before a global economic collapse occurs?

Please respond

Hello All,

I need a little help. I have a question that has me stumped, so I’d love some feedback. Here’s the question: Who cares if Lehman Brothers goes belly-up? Who does this really effect? I can understand the rare individual who placed his/her whole retirement plan in their stock. I get that. But generally people invest in mutual funds, stupid as that may be, and while this may hurt the mutual fund, it doesn’t wipe it out. So it kind of sucks, but doesn’t ruin anybody.

Then I hear it effects inflation. Does it? The government didn’t bail them out. The government did not print more money to fix the problem. Where’s the inflation? From unemployment? Then we should bitch about the automobile industry more. They shut down plants all the time. Or we should complain about the companies that ship jobs overseas.

The government didn’t raise taxes to bail them out. That argument is a joke anyways. We don’t raise taxes, we just print more money.

So I don’t get it. Help me out here. Is there anyone out there who is truly effected by this? More than the rise in gas prices?

Jack B. Confused

Accountants and Lawyers Aren't Green or Triple Breasted

I don’t know if you’ve watched the Tuesday meeting from the 9th or not, but one thing from that meeting really connected with me. The article for the meeting was: NEW RULES FOR THE NEW ECONOMY…….Kevin Kelly.

The part that really made me stop and think was:

10) Opportunities Before Efficiencies. As fortunes are made by training machines to be ever more efficient, there is yet far greater wealth to be had by unleashing the inefficient discovery and creation of new opportunities.

This speaks to a character flaw of mine. I tend to jump before think. I fail to research the height, distance and softness of the ground I’ll be landing on. This has gotten me in more trouble than I can express here. Like the time I just wanted to get drunk and get some action in a new town. A little research would have prevented me from going into that gay bar. FAB-U-LOUS!!! Or the time I was depressed and went to the nearest “church” to get some spiritual uplift. I didn’t even know churches existed to worship green skinned aliens with three breasts and ten arms (yeah, TOTALLY hot!).

BUT, sometimes this trait is good. I met my fourth wife and married her after only three weeks of knowing her. I’ve been all over the world and met all sorts of people (including possible alien descendants – no, only two breasts) and experienced all sorts of crazy and adventure.

In business it’s good too. Robert, or Daddy Bigbucks as I like to call him, always says you cannot have a company run by accountants and lawyers. They will never take the opportunity, or the adventure. They will stick with what they know and die a slow death. They will become more efficient and drain every cent from every dollar, but they won’t see new opportunities and eventually the world will pass them by.

Business needs to be headed by a visionary, someone who sees an opportunity and jumps. Then he/she can let the dullards, I mean, accountants and lawyers come in and make the landing smoother and efficient. If the geeks, I mean, attorneys and accountants had to do the jumping they would spend all their time researching wind speed, angles, trajectories and crap. They would never jump.

Of course if everyone in the company was a “jumper” then it would look like medusa’s hair – going in ten directions and with no true shape. Not to mention creepy and poisonous, hmm maybe SHE was an alien. If everyone was a bore, I mean, accountant or lawyer the hair would look perfect. It’s just that it would be a hair cut from the eighties – FOREVER. Think Flock of Seagulls. They HAD to be aliens.

So my point is, that a company needs both the visionaries and the wieners, I mean accountants and lawyers. Just make sure the visionary is in the lead and wieners are tucked in.

Jack U. Oupp