Fed Pumps Further $630 Billion Into Financial System
By Scott Laman & Craig Torres – Bloomberg.com (29 Sep 2008)
Adjusted Monetary Base – 25 Sep 2008
St. Louis Federal Reserve
Fed Pumps Further $630 Billion Into Financial System
By Scott Laman & Craig Torres – Bloomberg.com (29 Sep 2008)
Adjusted Monetary Base – 25 Sep 2008
St. Louis Federal Reserve
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National Attention Given To “Friends On Wall St. A New Release Now Playing Coast To Coast
After watching The House Committee question Richard S. Fuld, CEO of Lehman Brothers on C-SPAN last week, country music artist Billy Craig wrote a timely classic called FRIENDS ON WALL ST.
“I wrote the lyrics, emailed them over to some friends and got a huge response” said Billy. In turn, his national promotions Manager, Brad Johnson of All Things Media, forwarded the lyrics and received the same response. “It was suggested to me by many in the music industry, and I agreed, that Billy needed to record this song right away” says Brad.
As of today, the media’s incredible response has made the song a coast to coast sensation. Made available to the readers of New York’s Daily Newscaster which quotes, “Billy Craig’s new song is a voice from the American Heartland and a message for Wall Street from Main Street.” (D. H. Williams – Daily Newscaster)
The song will be featured on San Francisco’s KALW 91.7 FM and has already been getting spins on many stations across the USA including WCTH –Thunder Country 100.3 FM Miami-Dade and The Florida Keys and KXKX radio in Missouri.
http://www.dailynewscaster.com/2008/10/10/late-night-video-no-scratch-that-song-friends-on-wall-street/
Friends On Wall St.
Sell my house and sell my boat
Before I’m really going broke
Ya know those genius mortgage dealers
Are drivin my damn four wheeler
Sold me some fancy finance package
Now their stuck in some kind of wreckage
With their hands stuck in my face
They got the bailout what a waste
It’s always the same ole story
But I don’t need to worry
Cause I got friends on Wall St.
They all smarter than us
Keep sending you’re hard earned dollars
And don’t put up a fuss
Cause I got friends on Wall St.
They take care of me
Live long and prosper
In the land of the free
Last stop is called Hooverville
I ain’t forgot I remember still
Packin up and goin west
Pickin peaches I think that’s best
My Bowl is full a dust
But investing dollars is a must
Look to the future seeking growth
I watched Fuld take his oath
And it’s always the same ole story
But I don’t need to worry
Chorus Chorus Chorus
Additional Information
Billy Craig has been busy these days with his new release, This Side of Somewhere featuring 14 original compositions. The recording started out at the legendary Sun Studio in Memphis, where Johnny Cash began his recording career, and the process was completed in the metro-Detroit area.
On his new release, the song Flip Flops has been making new friends with radio. In addition. . . Jake Terry, a song about Johnny Cash’s dog and Millionaire have gotten airplay as well.
Flip Flops went to #5 on the ALLABOUTCOUNTRY.com New Music playlist over the summer.
His music is being played on country stations in Michigan, Illinois, Ohio, New Jersey, New York, Maine, West Virginia, Kentucky, Tennessee, Oregon, Oklahoma, Texas, Mississippi and Florida and around the world.
Stations include, off the shores of England Radio Caroline, WORLD.FM, K94 New Country,LA’s Hot Country, Arizona’s Pure Country and Arizona’s Pure Country Canada as well as Detroit’s 99.5 The Wolf Country, Constant Country KRS, The Right Country Radio Network, WCTH , WDYN, WMME, WATZ, WQTE, WWBR, WGDN, WBWC, WCRC, WRBC, WFDU, WCEF, WCYO, WRVK, WDXE, WNKX, WVIM, KEIF, KVLG, KBUK, KYTE FM, WOYS, WOCY, KSOC and CHFX and the list is growing as America and the world discover this exciting new artist.
Billy is no stranger to the music industry. He’s been kicking it around for some time now. In fact, since childhood Billy has performed in thousands of shows. From solo performances to cover and original bands, from jazz and country to rock. He has played in front of audiences of up to 25,000 across the USA and abroad, including New York, California, Florida, Ohio, Texas, Detroit, Sweden, Denmark, Finland and Norway.
For an unprecedented four times, with an open invitation to come back onto the show, Billy has been a featured artist performing live on the syndicated Mitch Albom Show for millions of listeners across the USA. “Billy Craig has been on our show a few times and gives a terrific performance each time. His songs are easy to remember, fun to listen to and a perfect fit for our audience. The harmonies with the band are terrific too,” says Ray Prosser, engineer for the Mitch Albom Show.
Hi Catherine,
I was interested to see that you had posted another comment on scoop, but when I went to read it, noticed that it had been removed. How come?
Regards Eve
Catherine,
I’ve only been following this site and others as well as this line of thinking only for a few months. I am in the process of repositioning my assets into the real economy, but my nonliquid assets are probably not moveable with the current state of things. Thus I’ll probably have to hope for another bubble.
I’ve heard you allude to the presence of a shadow government in the past, but this is the first time that I’ve seen you actually refer to it pointedly as such. I have been reading quite a bit about it lately and the theory certainly has legs.
You had made an interesting statement with regards to energy technologies. I have followed links from your site to another which documents plasma technologies and combustion of water. However, my thinking is still ground in classical physics and I cannot seem to grasp in my mind releasing more energy from the breakup of water into its elements along with its recombination. I’ve seen the accompanying Youtube videos, but have you actually observed 1st hand a working prototype? The reason this is intriguing is that for any governing authority to subjugate a people, there will need to be control of the distribution of energy, which is also tied to transportation. If this technology is real and can be quitely distributed throughout the land, the goal of one world government would face a major stumbling block.
Thanks,
James
I forgot to say: THANK YOU CATHERINE.
What I find most amazing is that my friends and a client I do internet SEO work for was horrified that it DIDN’T pass. I was even more surprised that I almost felt badly it didn’t pass because so many would have gotten some immediate relief I guess. It is tough. If I didn’t have Catherine’s seminars and education under my belt, I would have been for it. And we also know Wall St. per se is not the ultimate “bad guy here”. The more I see how brain-washed Americans are (i include myself because I still struggle), the more I realize that focusing on a local business and keeping my nose to the ground locally is what will help give me some sanity.
You know what? I still can’t believe Congress rejected that bill. I am still sitting here is shock. I thought they would pass that thing for sure.
Have no fear, arms will be twisted and they will pass something.
Scorecard: 1 for the people 0 for Wall St.
Lets see if this changes at the end of the week.
I sit here and wonder how bad unemployment is going to get. Any thoughts?
James:
Thanks for the kind words.
My take is simply that the slow burn is accelerating. Anything pumped up by the bubbles is likely headed down (real estate, equities, income, the dollar). Tangibles that provide essential purposes are likely headed up (precious metals, food, water) UNLESS we decide to allow energy, health and other technology that is available out of the shadow government closet. Then the value of labor could rise and the cost of essentials could hold their own or drop.
Our big problem is that most economic values depend on markets and the rule of law. Subtract those two things and most values head for the floor. That is why today’s action by the Congress is so impressive. By standing for markets and the rule of law, they returned value to the fundamental economy.
I do not put it past the Administration to use the PPT to push the markets down to try to force their way.
This is a moment in history where everything we hold dear depends on not swerving in the big game of chicken.
Catherine
Catherine,
I love your work and everything you’ve taught. Is there any new word on the risk of a deflationary recession versus a hyperinflationary recession given the transpired events?
James