And another comment by Judy

Furthermore:

Chuck- thanks , took the time to watch , ..never ceases to amaze how our "clogged" system works, eg- if in 2005 Mc Cain backed reform or tightening of Fannie/Freddie,was voted down, why is that the only try? media?can't it be re-introduced again & again?see the $$ line to Democrats but can't that be exposed then, why now postmortem? guess i'm soo naive.....

how does the Ralph Nader/ Pikens ticket sound????too bad we don't have a representative "debate"( using that term loosely), do have a 3rd party out there& there seemed to be alot of room on the stage, at least for one more..might even slow down the theatrics??.

thanks for info, keep it coming, how can we get organized to impact a difference? too late this time?got the next 4 yrs free if u do?

love u guys, always love new info.."ranting in Fl"-so scared we won't count the ballots right!!!

Judy's comments in response to Julia's below

Can we buy a condo together??????

Always wondered what "those people" did for a living that lived in these wonderful 4-BR mansion-like track homes, esp here in FL ( acres & acres of them)- now i know- they got unrealistic "creative" mortgages that you & I now have to pay for!!!! I'm already paying for mine now their's too???

Seem's Mr& Mrs Greed moved into more than just neighborhoods, they're positioned in banks( with no oversight/or consequence)& they positioned themselves nicely on Wall St and guess who's getting the squeeze & the bill?yup u& me & ours...........
without a doubt it is "living beyond means" esp in Washington with horrendous budget defiicet & our "I'd gladly pay u tomorrow for a hamburger today"..philosophy..
feeling "your pain" as my 401K is now just 4.............+1 one of my kids made the mistake of being in the service industry & got his "pink slip"( no kind of shute!)Fri-wife/kids....

Thanks for letting me rant, saved me $50 @ the shrink! best to all &keep in touch jc

American Financial Crisis and Political Mismanagement

Found this video on You Tube which I would like to share and receive comments (be patient, it is a long, but stimulating video):

www.youtube.com/watch?v=1RZVw3no2A4">

The world ....... and the USA (Vince's comments)

It is just a good thing that the US doesn't "charge" the rest of the free world for all that she has done to keep that world free and defended from evil countries. Nor does she "charge" the world for all the good-will and humanitarian efforts made in its behalf. Nor for funding the UN and most other international interests. Nor for providing the "standing army, air force and navy" to protect the world. Thank goodness that that doesn't happen because if those other countries had to pay for all these things, there really wouldn't be much money left in their coffers to pay for many of the social programs they might have underway. Thank goodness ......... Oh well, what have you done for me lately? Cheers, Tom

More on the same subject from Julia

Isn't it amazing he seems to understand what is happening better than we do!!!
Why don't the politicians explain it to us in this manner? They spend so much time pointing fingers, and listening to lobbyists,....I may just move to Australia or China.

Comment by our fearless leader Vince in respone to "When the US sneezes, Australia catches pneumonia"

Hi all
Sorry that I hav'nt got back to you, I'm on tour and have been up in Cape Trib.

as to comments on the present money crisis ---ehhhhhhhhhhhhhhhhhhhhh!!!!!!

I know that our family has lost as a whole close to a million wiped off our combined portfolio's....sorry we are very worried. However in saying that, Austraila,as a whole, while suffering the stock jitter's, is able to ride this out in the short - medium term; our banks are under control and have moved in the last year to reduce their exposure to the US.

We should be ok if.......

1) China can at least maintain i(Australian) import levels at the current level,
2) the Europeans, and other cash positive countries (China, Japann, Tiawan, and the Emirates etc.) continue to support the US's need for cash,
3) That these cash positive economies maintain cash/credit flow's and feel confident that they are not putting good money into bad
4) and I think the most important is that the world see that the US Govt.( and its Presidential candidates) do not play politics with the world economy. If this means a hard time for the US so be it; however, if they try and "cushion" the US for short term political gain, then you will find the cash/credit will dry up as those economies, such as the EU, China, Japan and Australia will "fortress" the money to save themselves and that will see devastating effects on the US, seeing a weaker postion on international trade, which Europe in particular will only be to happy to exploit at the US's expence.

Australia has large cash reserves and tight controls on the economy--which will be getting tighter, a lot of people may lose asset weatlh but the country as a whole should be Ok--short to medium term.

3 times, now, and in the last 20 years, the US has almost imploded the world economy with under an represented "bubble collapse." The Europeans in particular won't let it happen again even if that means the collapse of the US economy

It's very scary times for all of us, and sorry if this is pretty "heavy" but that is the short and long of it

Cheers
Vince

Comment by Jacqueline "Jax" in respone to "When the US sneezes, Australia catches pneumonia"

Recalling Vince's comment on the Australian economy as related to the US financial situation I most heartily concur with your comments. Knowing that yesterday the stock market had a one day drop of 777.68, the worst in Dow history, has had an overwhelming effect throughout not just Australia but throughout the world! Wouldn't it be interesting to have a comment from Vince! Not just to read about the tremors felt throughout the world but a view from someone, Vince, whose opinion would be most interesting and deeply felt. Your e-mail was stunning! I am hoping I will hear further! May today be the start of a recovery in the stock market! Take care, both you and Marilyn. jax