America’s Debt/Stock Markets1

18 Jun 2010 Leave a Comment

by newsfreepress in Conservative Politics, Uncategorized

 

June 17,2010

                                 Its come to my Attention that some money has now been slated for Mochegan Sun casino, they just Gave them 54 Million dollars of the stimlus money. Yet the casino made over 1.5 Billion dollars last year. This has been done courtisy of Vice President Biden.  More from Vice President Biden the unemployment rate has gone back to 9 to 9 and a half and. Vice President Biden says you will just have to get used to it. Its going to be the new normal he went onto say. I have said when they did the stimulus bill in the begining, that they would use it as a private piggy bank/slush fund. Which has been proven to be the case time after time. Its not a Democrat thing both partys have been playing lose and free with our money, for well over 100 years. Only now the people are finaly rising up and saying enough is enough.

                 Now another thing I just heard about BP and other explosions. Did you know that there have been explosions and leaks of oil.  26 of them since the 1970′s.  Only 2 of them have been in USA, of course the 2 have been been major the Exxon Valdes and now the BP, just thought you would like to know. Today is day 60 of the spill into the Gulf. Last night on Sqwauk Box Europe, it came out that Russia is now all upset about the USA being upset about the oil spilling into the Gulf now. We know why, it just so happens that Russia is the biggest Exporter of BP’s oil.  Another thing Tony Hayward will be replaced as CEO of BP, they are all upset in Europe. How we can take down one of their CEO’s, they have even in some British circles. Started calling President Obama an Dictator, very quitely but surely doing it. I am not sure if in my last Blog if I mentioned it or not, but there is a little know fact about the Dividends of BP stock. Tony Hayward made an aggreement with President Obama, at the Whitehouse the other day. That yes they will stop paying the dividends, but what they did not say is that they will restart paying dividends in Febuary of next year. Which is by the way just before the end of the first Quarter.   

                          On wednesday night I found out that the coutry of Estonia will join the E.U. sometime in January, or the latest Febuary of 2011.They dont seem to very worryed about the the financial problems that the rest of the E.U. The Switserland National bank have been buying up Euro’s, they say they are doing great. But that makes me feel like they will be asking for a bailout, In the next several months, what about our banks. I think all of the banks around the world will be going through, what they did a couple of years ago. The E.U. Banks are doing their first stress test, they did not do one when we did ours they said we were crazy at the time, and will publish the results soon. They are talking about an second major ression around the world, this has me concerned. Because I have seen all of this before not that long ago, lets say 2008 and 2007. So buckle your seatbelts its going to be a bumpy ride, here we go again. Instead of fixing anything they are just spinning their wheels. From day to day and nothing has been fixed, no one in the whole world wants to see the problem, its called quite simply over spending. Europes stress test results are supposed to be out in July.

 In the FTSE 100 in the UK the BP stock is trading at 361.00 euro’s, and in the USA its trading at 32.00 Dollars, they are saying the BP is or will be ripe for a  hostile take over if the stock goes down to around 15 dollars a share in the USA. I think that could happen. Just like it did during the Exxon Valdes, Exxon used to be an American company. Now its held by the Swiss among other country’s. Right now BP is trading at 368.00 Euro’s the European Markets just opened about 1 hour ago. I have to wonder if the next person that America will try to get rid of as Ceo of a company will it be the Ceo of BP Tony Hayward. Just a question I am pondering?, and whom would pay for this spill. AWW  American people  we are the injured party and yet we pay for it too. After all we can just print more money oh yeah we are broke, and Broke people dont spend people dont spend money they dont have. you cant borrow your way out of this .  So where would we get the Money to pay for it. Oh yeah lets raise gas prices, gee how do we do that. Lets start with raising another so called temporary tax earlier this year or. Governor of the State of Idaho wanted to raise the gas tax, and he was upset. Becuase our senate and house would not go along with it, he will use this as an excuse to bring it up next year.  So look out they will get all of the tentents of the cap and trade thourgh one way or  another.  I wonder if you ever thought what wold happen if BP were to go Bankrupt. Whom will pay for the clean up, yep you got it you and I. We were paying for a lot of it anyway, but when BP does go Bankrupt you and I will be paying for 100 percent of the bill for the clean up. Did you know that you and I payed for most of the Exxon Valdes clean up, and we did such a great job that we are still cleaning that up. Of course none of the media puppets on the lame stream TV or the others in print will tell you the truth, But this blogger will always do my best to always give you the truth. I will also be honest with you

                 I will end this blog for now I have to get ready for Todays radio show it airs in less then 2 hours from now here is the link to the show http://www.blogtalkradio.com/News-Free-Kooskia-ID the show starts at 5pm Pacific,6pm Mountain,7pm Central,8pm Eastern time zones.

                P.S.  About BP’s Fund of 20 Billion Dollars that is a Joke too, why Becuase they only have to put 5 Billion Dollars in the fnd this year. Which is a drop in the bucket, compared to what they will need. It will cover next to nothing of what will be needed to cover the cleanup. Much less the help the people of the Gulf  get their lives, and their Businesses   back up and rnning.