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Re: IRISHBULL post# 105

Saturday, 10/04/2008 7:47:45 PM

Saturday, October 04, 2008 7:47:45 PM

Post# of 126
'IRISHBULL'

The the subprime was our modern day Custer's last stand..

I like that "Custer's last stand". I have been calling it for several years, our last Hurrah. You know it, I know it and most of America does not have a clue. People on Wall Street were talking about how Credit Default Swaps on McDonald's debt cost less than default swaps on the US dollar. While that may show our current strength in the economy is fast food, fast food is not a durable product and is expended in 24 hours, having what little nutritional value there is fully extracted.

One of my favorite sayings is that people who work at McDonald's can't afford to eat there. We went from GM producing durable products and high paying factory jobs to fast food of a very limited life span product.

IMO all of these consumer stocks are going to now start a major suffering. The dollar has to go lower to support factories on our soil, Americans building stuff for Americans. This of course will drive up the price of goods and lower our living standards that we have taken as a birthright.

Derb

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