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BS: A Challenge To Conservative Mudcatters
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Subject: BS: A Challenge To Conservative Mudcatters From: GUEST,Ain't Telling Date: 20 May 05 - 11:30 PM Well, I'm a regular poster to Mudcat. And I'm not particularily conservative politically (I'm not particularily liberal either). I do think that George W. Bush has an IQ somewhere between a rock and a crustacean, and that he's leading the US down the wrong road. All that being said -- I challenge the conservatives (and the liberals, for that matter) who run off their mouths via their computer keys to do what I'm going to do. I'm just about to buy several thousand dollars in Treasury bills at the non-competitive rate. And I intend to buy several thousand more dollars worth over then few months -- probably about US $35,000 when I'm done. You too can do this via the Treasury Direct website (treasurydirect.gov). The T-bills are sold in increments of US $1,000; you can pay by certified personal check, certified check, even by letting the Treasury deduct the cash from your bank account. And at the last auction the rate was better than 3% -- which is more than my credit union is paying. So come on, you big talkin' Bushies. You gonna take up this challenge and show support for the US to the extent that you can, or are you guys all mouth? DougR, Martin Gibson, Susu's Hubby, Gargoyle and the rest of you -- put your money where your mouth is or shut the hell up. |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: number 6 Date: 20 May 05 - 11:35 PM Great idea .... can anyone around here loan be about $34900 U.S., so I can particpate in this ?? |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: Alba Date: 20 May 05 - 11:59 PM Can you buy 34c worth of these T Bills. If you can I am in there like a bullet:>) |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: Dave (the ancient mariner) Date: 21 May 05 - 12:11 AM I take it you are addressing US Mudcatters only? if not... That would cost me $44169.44 Can..... Hmmm let me see.. pay medical bills, feed my family, clothe them and keep a home going and my eleven year old car, or buy savings certificates to support the USA?... Well since I have two chronically ill children and havent had a decent vacation since 1995, I will have to prioritise. No I don't think I can do it this year mate. Sorry! Guess i'm a poor conservative eh? |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: Peace Date: 21 May 05 - 12:16 AM Looks like this challenge is restricted to US people. However, it seems like a good one. T-bills mean you support your country and its economy. Three percent looks OK, too. Wonder who's gonna take Ain't Telling up on it? |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: Peter Kasin Date: 21 May 05 - 02:45 AM But you can also buy into the economy through trading stocks of companies. Some good, steady companies pay higher dividends than govt bonds, plus you get the potential for capital appreciation. If you're willing to take on some level of risk, there's potentially better investments out there. I'm not conservative, but I 'm ot sure this is a wise challenge. Many conservatives want less government, so why should they be challenged to buy government investments? Is it because of significant conservative support for the Iraqi policy? In that case, wouldn't they be better off buying selected defense stocks rather than low-paying govt bonds? Chanteyranger |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: Don(Wyziwyg)T Date: 21 May 05 - 04:41 AM I'm in UK , so this is just an outsiders comment, but I can't help wondering if Ain't Telling is actually ole GeeDubya in disguise, trying to drum up cash. Naaaaah! Couldn't be.............Could it? Don T. |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: GUEST Date: 21 May 05 - 04:47 AM On here Don? even Bush would not be that stupid... |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: Donuel Date: 21 May 05 - 06:47 AM Due to the drop in the dollar buying Euros was the smart move. In light of the coming inflation buying Euros isn still smarter. If you had traded dollars for Euros about 3 years ago like George Soros your return rate would be 30% instead of 3%. If you had done so 2 years ago like Warren Buffet your return would be clise to 20%. Today your return would still beat 3%. |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: Bobert Date: 21 May 05 - 08:09 AM Contrary to my obvious leftie leanings here in Mudville, I'm still young enuff, creative enuff, motivated enuff and capitalist enuff to do better than 3%... Think I'll stay put with real estate, thank you... But fir any lazy folks out there who are gettin' 1.75% to 2.00% on yer CD's, I'd say that GUEST's idea of using a portion of yer dough and stickin' 'em in T-bills is a good idea..... Not so commie Bobert |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: Rapparee Date: 21 May 05 - 11:30 AM You can roll 'em over, too. I just looked at the percentages, and the returns on the T-bill AT is refering to have been going up. I dunno if that's a bad sign for the US economy or not. I seem to remember that rising T-Bill rates reflects rising inflation rates as well. Real estate, Bobert? I dunno, especially if you borrow on one of those adjustable rate mortgages to get it. I think that markets kinda overbought, an' inflation's gonna take the wind out of the sales (sorry, but not very) and some folks are gonna find that they can't afford what they bought. 'Course, they ain't making any more land in the US, 'cept in Hawaii. One thing about T-Bills, though -- the US ain't defaulted on loans that I know about, at least yet. |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: DougR Date: 21 May 05 - 07:34 PM GUEST Ain't telling: surely you jest. I should take investments earning 6-7% and invest in something returning 3%? That's beyond patriotism ...that's pure lunacy. DougR |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: Bobert Date: 21 May 05 - 07:42 PM I own my stuff, Rap.... No banks involved... As fir Doug earnin' 6-7%? Yeah, it can be done but not without either a little luck, or hard work... Those folks who have enjoyed the last 10 or so years playin' in the stock market just might be in fir some lean years meanin' that luck, and timin', may not be in yer corner much longer.... I'm real happy to have rentable properties... Maybe not the big return but at least a purdy solid and guarenteed return... Yeah, a little more work but steady.... the no so commie Bobert |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: dianavan Date: 21 May 05 - 08:04 PM DougR - What investment gives you 6-7% returns? It can't be ethical funds, thats for sure. |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: GUEST,Ain't Telling Date: 21 May 05 - 10:06 PM So, Doug, you care more for money than for your country. You care so much for the dollar that you'd sell out the United States to China and other countries. Boy, have I got a date for you -- you two should get along famously. |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: Rapparee Date: 22 May 05 - 09:27 PM Refresh, just for the helluvit. |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: DougR Date: 22 May 05 - 09:34 PM dianavan: Ever heard of preferred stocks? Mutual funds? GUEST Ain't telling: I feel no obligation to justify anything to you! You may just be one of the many Trolls that cruise the internet hoping to stir the pot. My financial support to my country is represented in the income tax I pay. And I do pay my taxes that are due. DougR |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: Big Mick Date: 22 May 05 - 09:36 PM Ain't tellin', that whole story has been shown to be a lie, with the sole exception that she went and sat on the gun. The two POW's have indicated that someone fabricated it, and one of them (Driscoll, I believe) has disassociated himself from the whole story. Here is a link to Truth or Fiction to get the facts. It is bad enough that she went, but she has expressed her apologies. I don't mind holding her accountable for what she did, but lying to beef it up is just plain wrong. Mick |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: GUEST,Ain't Telling Date: 22 May 05 - 10:24 PM Dougie, I too pay my taxes before they are due. I have mutual funds (Fidelity Magellan, in fact, among others) and they have taken quite a beating since your man Bush came to power -- as have my wife's annuities and her TIA-CREF funds. Investment-wise, Dougie, we're back where we were about 1990. And I have told two of regular Catters who I am. They know who I am, where I came up with US $35,000 (and yes, it's quite legal AND taxes at several levels have been paid on it). A troll -- no, just someone challenging you and others to put your money where your mouth is. Right now an helluva lot of US treasury notes and bills are held by China and other countries. It used to be said, "Don't worry about the national debt; after all, we only owe it to ourselves." That isn't true anymore, if it ever was. Seems to me that a true patriot would be trying to help their country by keeping the national debt at home. Big Mick -- I had simply wanted to find a nice picture of a date for Dougie. I apologize for the one I chose. To me she's like so many of movie and TV stars -- irrelevant. |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: Uncle Jaque Date: 23 May 05 - 11:04 AM I've long felt that we've sold our country out to the Chinese in more ways than one - and it's gonna come back and bite us sooner or later, IMHO. I wonder if we can ever buy our Country back... while we still have one? This proposition reminds me (although I was yet to be born at the time) of the WW-II "War Bonds". Actually, with the ongoing costs of the WOT I'm a little surprised that they haven't made a comeback by now. Purchasing War Bonds used to be considered, apparently, the "patriotic thing to do" at the time. Didn't they have WBs in WW-I too? And for what it's worth, President B. might have somewhat more intelligence than a grapefruit (despite his obvious challenges in speaking comprehendably at times), but a lot of us "Cs" are not all that thrilled with him these days. Our primary gripes are the deficiet economy, (The tax breaks were great - although our State Government promptly confiscated them here in ME - but where are the SPENDING cuts, pray tell??!!) and illeagal immigration / border insecurity. We recently read where "old" pandemics such as leprosy, polio, and TB are making a big comeback in the Southwestern States, apparently due to the flood of 3rd-World "undocumented" workers / invaders, or whatever you want to call 'em. And when concerned Citizens - "Minutemen" - try to do the Government's duty when they refuse to do it, W calls them "Vigilantes". Oh really? I'll bet he has some equally choice terms for the People's Militia. If GWB keeps dissing his conservative "base" - even though Carl Rove apparently does not think that we exist - there may well be a "Constitutional" or other rightwing 3rd Party in '08 to activate the old "Perot effect", and America will wind up with another Klinton - Queen Hillary, who will prevail with about 37% of the vote. Could happen. Better learn Mandarin and study up on the "Thoughts of Mao" if it does. |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: harpgirl Date: 23 May 05 - 11:26 AM The ten year return on Fidelity Magellan is 8.25. How have you taken a beating? Why didn't you sell in 2000? |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: Once Famous Date: 23 May 05 - 06:28 PM Guest, ain't telling, I'm invensting way better than you. It's called my kid's college education and it's already paying off big dividends. Other than that, I still have faith in america and it's too bad you don't. But I couldn't expect anything more from a two-way dildo such as yourself, you pompous piece of dreck. |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: GUEST,Ain't Telling Date: 23 May 05 - 06:58 PM Gee, Martin. I thought that putting my money in Treasury Bills did demonstrate my faith in the US. How are I wrong? |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: GUEST Date: 24 May 05 - 02:04 AM Your first paragraph - indicated your true political polarization
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: GUEST Date: 24 May 05 - 02:14 AM Solutions: 1. Partial flush half the bowl-water. 2. Sprinkle, splash, dunk, lower regions in sink before sitting. 3. Order champaign and place your neither region in the ice-tub. 4. Consult a Muslum "doctor" for repair of the problem and seek employment in a harem. 5. Stop Bragging. Sincerely, Gargoyle |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: Big Al Whittle Date: 24 May 05 - 03:54 AM somewhere in there AT - you seem to have lost the gist of conservatism. Speaking as a non conservative, you seem to have missed the basic philosophy of conservatism - which if it has any virtues are as follows 1) Personal thrift and self reliance - not throwing money at spendthrift public disposers of the public purse 2) Honest sound economics - non distortion of the market economy 3) less government i know that at the time of the second World War such noted conservatives as Woody Guthrie encouraged people to buy war bonds. maybe that's what you need - a guitar printed with THIS GUITAR KILLS LIBERALS to get your pals to rally round the flag. |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: Bobert Date: 24 May 05 - 08:11 AM Well, this is interesting... I got 3 CD's which have been earnin' nuthin' and I just got a notice yesterday that one is getting ready to mature and oif I don't do anything within like 10 days of the maturity date it will renew and a new and exciting rate of, ahhhhh, next to nuthin'... So I called my banker buddy about T-bills and he said I had to talk wid someone else who is gonna call me today with info on the T-Bill's... Heck, accordin' to the Wes Ginny Slide Rule: 3% > 1.75%.... Plus, inspite of not finding much agreement with the current admoinistration, it will support the country... I'm all fir that... Bobert |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: GUEST,Ain't Telling Date: 24 May 05 - 09:25 AM I'll also point out that the interest on T-bills is exempt for state and local (but not federal) income taxes. You don't need a banker, Bobert, unless you want one. You can buy T-bills directly from the Treasury. So...if I buy Treasury bills, notes, or bonds I'm not supporting the US. It would be better, I guess, to put it into stocks so that a large corporation -- Walmart, Sears (which is, of course, Kmart), Ford, GM, IBM and so on -- can use it to pay workers in other countries to produce things to sell to people in the US, and thereby keep jobs from workers in the US. Harpgirl -- I invested $2,500 in Fidelity Magellan in 1991 (the money came from a very small inheritance I received). It is now worth about $8,000. That's not really enough to retire on. (Until very recently my job was such that I couldn't afford to add to investments.) I have never claimed to be a conservative, or a neo, or even a liberal. I suggest that if you think otherwise you read or re-read my first post. |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: GUEST,Joe_F Date: 24 May 05 - 10:03 AM I have done this myself. If you want a hedge against a recrudescence of inflation, you can buy bonds (called TIPS) linked to the cost-of-living index. By setting up an account at the Treasury, linked to your own bank account, you can increase the national debt with a mere mouse click. Increasing the national debt didn't use to count as conservative, but these days it seems to be what Republicans are best at. The URL is www.treasurydirect.gov. --- Joe Fineman joe_f@verizon.net ||: The vice of the English is not buggery but humbuggery. :|| |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: Paco Rabanne Date: 24 May 05 - 11:35 AM weelittledrummer, That was a nice little definition of Conservatism. Well done! |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: GUEST,MTed Date: 24 May 05 - 01:07 PM There is a big mystery associated with Weelittlepiper's Conservatives--they keep disappearing! Folks elect them, all right, and they keep sending them off to Washington--but they never seem to get there! Instead, the place is filled up with some other folks who increase spending and the government just keeps getting bigger! |
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Subject: RE: BS: A Challenge To Conservative Mudcatters From: Big Al Whittle Date: 25 May 05 - 07:25 AM I was only outlining the theory of conservatism - its a bit like Christianity - it doesn't get tried too often. |
