Crunch

[Strangelet]

oh looky

WASHINGTON (CNN) -- The United States military's Northern Command, formed in the wake of the September 11 terrorist attacks, is dedicating a combat infantry team to deal with catastrophes in the U.S., including terrorist attacks and natural disasters...

...and pissed off mobs of unemployed victims of the housing bust.

At least this is a more honest approach. I mean before the bush admin would send blackwater mercenaries on u.s. soil to get around the pesky no deployed army on domestic soil thingie.

Ah fuck it. lets just wave to our friendly neighborhood navy seal on the way to work and get used to it.

The Army says the non-lethal training is an outgrowth of missions that troops have faced around the world in recent years.
"We need a lot more in our toolbox in order to deal with angry people on the street," said Col. Barry Johnson of U.S. Army North.

Yeah..... that's really good to hear there, sport.

[Strangelet]

Ooh it gets better...

For the second time since Hurricane Katrina hit in August 2005, an active Army unit --1st Brigade Combat Team, 3rd Infantry Division -- has been set up to quell civil unrest and do crowd control within our borders. And this time it's a permanent mission.

a.
The report stated that the 1st Brigade Combat Team would be deployed within the country and would work with civil authorities to “put down civil unrest.” On the surface this may seem benign, but this mission marks the first time an active military unit has assigned to NorthCom, the joint command established in 2002 to control federal homeland defense efforts and coordinate with civil authorities.
The unit is under the daily control of U.S. Army North, NorthCom, the Army component of Northern Command, and is now on-call for natural or manmade emergencies and disasters, including terrorist attacks.
The Army says this mission is ongoing

and active duty units will be rotated in and out of the country. The commander of this unit, Col. Roger Cloutier, also said that his troops will be trained to use nonlethal weapons designed to subdue unruly or dangerous individuals without killing them.

This is another first; the first time a nonlethal package has been fielded the Army, according to Cloutier. Why does that make me uneasy? The package includes equipment to raise a hasty road block, spike strips for slowing, stopping or controlling traffic; shields and batons; and beanbag bullets.

So Sarc. I've got some good news and some bad news for you, mate. You won't have to be apart from your girl on your next tour. Its going to be waaaay closer to home. The bad news is you might be rounding up her neighbors.

[BeautifulBurnout]

This leaves me feeling very weird.

That's about all I can say atm until it sinks in...

[bas_I_am]

Originally Posted by Strangelet

Ooh it gets better...

So Sarc. I've got some good news and some bad news for you, mate. You won't have to be apart from your girl on your next tour. Its going to be waaaay closer to home. The bad news is you might be rounding up her neighbors.

this is totally unconstitutional. any military deployed inside us borders falls under the command of the governor of the state(s) in which they are deployed

[bas_I_am]

Originally Posted by Strangelet

So bas_you_are.......

you seem to have a handle on the market's behavior. And you also argued in this thread in support of the bail out. I'm curious why this precipitous drop is in no way an indication that the bail out failed to address the fundamental problems of the economy and everyone knows it, only further gauranteed a condition of stagflation circa 1978.

never said it would fix the stock market. I've not been concerned with wall street. I only said it was necessary to prevent total meltdown of the credit markets.

And you are right to be concerned about stagflation, too. what needs to happen is that interest rates must rise to demand driven levels so new credit is handed out with due diligence.

difficult for me to comment right now as I am typing this on my capitalist created smartphone.

[jOHN rODRIGUEZ]

Hey bas_I_am, being you have a better grip on the financial market than most the rest of US. We could use your help for understanding this a bit better.

A recent Time article states: $2 Trillion lost from retirement accounts during the past 15 month period.

Where do these lost funds end up?

[Sean]

Originally Posted by Strangelet

Ooh it gets better...


So Sarc. I've got some good news and some bad news for you, mate. You won't have to be apart from your girl on your next tour. Its going to be waaaay closer to home. The bad news is you might be rounding up her neighbors.

Umm.............shit.

[bas_I_am]

Originally Posted by jOHN rODRIGUEZ

A recent Time article states: $2 Trillion lost from retirement accounts during the past 15 month period.

Where do these lost funds end up?

The loss is primarily on paper. Most retirement accounts in the US are mostly mutual funds invested via 401k's and various other investment devices. Their value depreciated severely.

One of the big issues concerning this, is that alot of people had money in bond funds that were touted as fairly safe, but the way the bubble burst they felt the brunt of the storm.

[jOHN rODRIGUEZ]

Originally Posted by bas_I_am

The loss is primarily on paper. Most retirement accounts in the US are mostly mutual funds invested via 401k's and various other investment devices. Their value depreciated severely.

One of the big issues concerning this, is that alot** of people had money in bond funds that were touted as fairly safe, but the way the bubble burst they felt the brunt of the storm.

Ahhhh, I get it. It's kinda like that supernatural phenomenon referred to as "Ghost Shit". Ya know, like when you swear you're taking the biggest dump that's ever been dumped ever. I mean, you're gripping the sides of your loo, turning red in the face, eyes watering. You swear there's gonna be a Hiendenburg(sp?) of dumps chilling in a spa treatment, but when you get up there's nothing there. Like that?

*subject predicate
**I think. I might be wrong.

[BeautifulBurnout]

Hehehehe

jOHN's bowel movements aside...

I heard someone on the radio refer to it as "imaginary money".

In other words I am a lot "poorer" this year than I was last year because about £30k at least has been wiped off the value of my house. If I had sold the house last year and hidden the money under my bed, it would have been real money, but cos I haven't it is only imaginary.