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CFR sets up North American Union BREAKING NEWS
Friday, May 30, 2008
Federal debt numbers, directly from the Dallas Fed President
"With a total population of 304 million, from infants to the elderly, the per-person payment to the federal treasury would come to $330,000. This comes to $1.3 million per family of four—over 25 times the average household’s income."
-- Richard W. Fisher, president and CEO of the Federal Reserve Bank of Dallas in Remarks before the Commonwealth Club of California
San Francisco, California
May 28, 2008
Full text
That reminds me of Rule#1 of holes: If you find yourself in one, stop digging.
-- Richard W. Fisher, president and CEO of the Federal Reserve Bank of Dallas in Remarks before the Commonwealth Club of California
San Francisco, California
May 28, 2008
Full text
That reminds me of Rule#1 of holes: If you find yourself in one, stop digging.
Thursday, May 29, 2008
Wednesday, May 28, 2008
Reality in the form of simple math thrown full force at crazy, greedy people
But two years ago we were selling at 10 times revenues when we were at $64. At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. That assumes I can get that by my shareholders. That assumes I have zero cost of goods sold, which is very hard for a computer company. That assumes zero expenses, which is really hard with 39,000 employees. That assumes I pay no taxes, which is very hard. And that assumes you pay no taxes on your dividends, which is kind of illegal. And that assumes that with zero R&D for the next 10 years, I can maintain the current revenue run rate. Now, having done that, would any of you like to buy my stock at $64? Do you realize how ridiculous those basic assumptions are? You don't need any transparency. You don't need any footnotes. What were you thinking?
-- Scott McNealy, Business Week, April 2002
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