Irwin Sds
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Last Bank Standing-The Wall Street Mega-Crash
Dateline Washington, October 19th (get it?) 2010: the Peoples Bank & Trust of America has now established itself as the only bank of any kind in the USA, totally owned and managed by the US House of Representatives.
A 2/3 majority must now approve all investment banking transactions; your district representative’s staff reviews individual mortgage applications; and all 401(k), IRA, and remaining employer pension assets have been rolled into the Social Security Slush Fund.
Only federal and state elected officials are exempt from the 45% all purpose Income Tax. The estimated time to bring new companies public is 4.5 years; all individual account dividends and interest are paid directly into your IRS “grabber” account; CEO’s salaries are limited to 50% of the amount paid to a first year congressman, and any government budget shortfalls are withdrawn from corporate earnings before any corporate obligations can be dealt with.
All employees receive the federal mandated minimum wage, except senior executives who are limited as mentioned above. Scary? This is a scenario that could play out if Congress (or the SEC) does not come to the rescue of the credit markets. You missed your opportunity to help stop it, but chances are a fix is on its way.
How many more businesses, jobs, and hopes will be killed by this irresponsible Congress? When will the average blogger realize that when a corporation fails, we all suffer? One would think that the informed and enlightened could take time out from their texting for a little research and education. Instead, they show their power by influencing public opinion numbers and the marshmallow politicians who worship them.
As economist Irwin Kellner and I have pointed out, this is no bailout and we are not nearly approaching a recession. Kellner’s September 28th Market Watch article points out ten major differences between now and then: (1) In 1929, the DJIA plunged 40% in two months vs. around 30% in about a year.
(2) In 1933, the jobless rate was 33% vs. 6% today. (3) The GDP shrank 25% then, but has increased 6% now. (4) Consumer prices actually fell 30% then but haven’t ever since. (5) Home prices dropped 30% then, but only 16% from the recent bubbly highs.
(6) 40% of all mortgages were in default then vs. only 4% now. (7) 9,000 banks failed in the 1930s compared with just 25 or so (bigger and broader based ones) recently. (8) The Federal Reserve reduced the money supply, (9) raised interest rates, and (10) raised taxes on foreign imports.
Further, Kellner points out, we now have automatic stabilizers, deposit insurances, and market trading restrictions as protective elements. Today’s Congress however, has never been good at connecting dots, has accomplished nothing under an unpopular president, and is ignoring its role as the primary creative force in today’s problems.
This transfusion is needed because: bad laws have obscured the values on financial institution balance sheets, and have created a clot in the credit arteries that keep the economy alive.
Educate yourselves on the Accounting Rule’s that require institutions to book paying assets at pennies on the dollar. Find out why institutions are afraid to loan money to one another— over night, at any rate of interest— strangling the credit markets.
Doing nothing is killing jobs, killing companies, and deferring retirements for those who were counting on 401(k) and IRA dollars to provide them with income. Congress, of course has an old-fashioned pension plan, so it is unaffected by such financial realities.
Investigate the relaxation of lending standards that Congress orchestrated over the past few administrations, before blaming the companies that then extended credit to many speculators and other buyers who falsified application papers. Learn how the SEC was prohibited from regulating the CDOs and other multiple-leveraged credit market speculations. There are as many culprits outside the corporate executive suite as in it.
Congress is bursting with pride over bringing some of the Rich and Famous to their knees, and capping some of their obscene compensation arrangements at still shareholder pillaging levels. I’ve spoken often about how these salaries need to be controlled. But the multi-level-mortgage-marketing schemes that Congress encouraged must be unbundled somehow, and a buy out is the proper vehicle.
Congress has punished the entire world with its attack on Wall Street, and both parties are to blame. Representatives of the states listed below voted “no” to the credit transfusion, causing death and destruction that, in many instances, cannot be recouped. We have to replace them with better decision makers, representatives who can think in economic terms when they have to.
The number and letter code after the state designation indicates the number of representatives and their party: AL-1R, AK-1R, AZ-4D4R, CA-15D9R, CO-2D2R, CT-1D, FL-1D13R, GA-4D7R, HI-2D, ID-1R, IL-4D5R, IN-3D3R, IA-1D2R, KS-1D2R, KY-2D2R, LA-2D3R, ME-1D, MD-2D1R, MA-3D, MI-3D6R, MN-2D2R, MS-3D, MO-2D3R, MT-1R, NE-3R, NV-1D1R, NH-2D, NJ-3D4R, NM-1D1R, NY-3D1R, NC-3D5R, OH-3D7R, OK-3R, OR-3D, PA-3D7R, SC-1R, SD-1D, TN-1D4R, TX-8D14R, UT-1D1R, VT-1D, VA-1D5R, WA-1D3R, WV-1R, WI-1D2R (Names withheld, but available from the author.)
On Friday evening, candidates Obama and McCain gave their support to the Capital infusion, but neither bothered to explain why— a huge audience was ready to soak up the information. Over the weekend, both attended meetings to support the plan and to generate support from their respective parties.
Is there enough time left to find a hero?
About the Author
Steve Selengut
Sanco Services
Kiawa Golf Investment Seminars
Author: “The Brainwashing of the American Investor: The Book that Wall Street Does Not Want YOU to Read” and “A Millionaire’s Secret Investment Strategy”.
Here are some excellent bargains on ebay for Irwin Sds
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Irwin 322020 1/4X12 SDS HAMMER BIT $12.64 |
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IRWIN 322044 SDS-Plus 5/8 x 16 x 18 Hammer Drill Bit $10.00 |
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Irwin SDS-plus Standard Tip Drill Bits -3/4x10x12 sds plus drillbit 322048 $20.99 |
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IRWIN 323001 SDS MAX 1/2″ X 13″ 2C HAMMER DRILL BIT $25.99 |
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IRWIN 322049 3/4″ x 16″ x 18″ SDS+ Standard Tip Drill Bit $34.98 |
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Irwin Tools 325019 Drill Bit, 2-1/2 x 22, SDS-max One Piece Masonry Core Bit $205.10 |
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Irwin Tools 323011 Drill Bit, 3/4 x 31 x 36 SDS-max 4C $104.16 |
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IRWIN 322054 SDS-Plus 1 x 8 x 10 Hammer Drill Bit $44.40 |
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Irwin Tools 323033 Drill Bit, 1-3/4 x 17 x 23 SDS-max 4C $135.10 |
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Irwin Tools 323002 Drill Bit, 1/2 x 15-1/2 x 21 SDS-max 2C $53.24 |
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Irwin Tools 323009 Drill Bit, 3/4 x 8 x 13 SDS-max 4C $45.10 |
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Irwin Tools 323017 Drill Bit, 1 x 17 x 21 SDS-max 4C $62.96 |
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Irwin Tools 323024 Drill Bit, 1-1/4 x 18 x 23 SDS-max 4C $93.23 |
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Irwin Tools 325021 Drill Bit, 3-1/8 x 22, SDS-max One Piece Masonry Core Bit $202.29 |
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Irwin Tools 323005 Drill Bit, 5/8 x 7-1/2 x 13 SDS-max 4C $42.99 |
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IRWIN 322089 SDS-Plus 1-1/8 x 16 x 18 – 4 Cutter Hammer Drill Bit $76.63 |
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IRWIN 322018 SDS-Plus 1/4 x 6 x 8 Hammer Drill Bit $17.96 |
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Irwin SDS Drill Bit New #323034 $79.95 |
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Irwin Tools 323014 Drill Bit, 7/8 x 8 x 14 SDS-max 4C $51.22 |
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Irwin Tools 325017 Drill Bit, 2 x 22, SDS-max One Piece Masonry Core Bit $161.53 |
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NEW 3/4x16x21 Sds-Max Bit 4cut Irwin Ea. Sds – Spline Bits 323010 $52.29 |
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*LOT OF 10* IRWIN SDS PLUS 1/4″ X 6″ BITS-NEW! $35.99 |
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NEW 3/8x10x12 Sds+ Drill Bit Irwin Each Sds – Spline Bits 322026 024721001955 $21.03 |
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IRWIN 322035 SDS-Plus 1/2 x 22 x 24 Hammer Drill Bit $50.51 |
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3/8″x6″x8″ SDS Max Bit by Irwin Ind.Tools 323000 $39.99 |
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NEW 5/8x16x21 Sds-Max Bit 4cutter Irwin Ea. Sds – Spline Bits 323006 $43.64 |
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NEW 5/8x8x13 Sds-Max Bit 4cutter Irwin Ea. Sds – Spline Bits 323005 $43.78 |
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NEW Sds Plus 1x8x10 Irwin Pack Sds – Spline Bits 322054 024721002273 $36.65 |
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NEW 5/8x4x6 Sds+ Drill Bit Irwin Each Sds – Spline Bits 322041 024721002051 $21.16 |
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Irwin Tools 323007 Drill Bit, 5/8 x 30-1/2 x 36 SDS-max 4C $98.86 |
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NEW IRWIN 323000 3/8″ X 13″ SDS MAX SHANK HAMMER DRILL BIT 2 CUTTER QUALITY $26.99 |
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7/8x16x21 SDS Hammer Bit by Irwin Ind.Tools 323015 $77.99 |
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1x16x21 SDS Hammer Bit by Irwin Ind.Tools 323017 $72.99 |
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Irwin SDS-plus Standard Tip Drill Bits -drill bit 1/2 x 22 x 24sds-plus 322035 $40.28 |
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Irwin SDS-plus Standard Tip Drill Bits -drill bit 5/8 x 6 x 8 sds-plus 322042 $17.61 |
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Irwin SDS-max Multi-Cutter Drill Bits -1-1/4x18x23 sds-max 4 cutter drill bit $73.99 |
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Irwin SDS-max Standard Tip Drill Bits -1/2x16x21 sds-max 2 cutter drill bit $40.99 |
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Irwin SDS-max Multi-Cutter Drill Bits -1-3/8x18x23 sds-max 4 cutter drill bit $88.99 |
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Irwin SDS-max Multi-Cutter Drill Bits -5/8x8x13 sds-max 4 cutter drill bit $35.99 |
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Irwin SDS-plus Standard Tip Drill Bits -drill bit 3/4 x 22 x 24sds-plus 322050 $50.99 |
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IRWIN- SDS MAX ROTARY HAMMER BIT 4 CUTTER- 3/4″ X 21″ $52.95 |
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Irwin SDS-plus Standard Tip Drill Bits -1x8x10 sds plus drill bit 322054 $33.15 |
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Irwin SDS-plus Standard Tip Drill Bits -drill bit 7/8 x 16 x 18sds-plus 322053 $51.90 |
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Irwin Tools 325017 Drill Bit, 2 x 22, SDS-max One Piece $148.60 |
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IRWIN SDS SPEED PLUS HAMMER 7 PIECE SET NEW WITH CASE $19.99 |
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Irwin 3/16′ x 12 SDS Plus Rotary Hammer Drill Bit 322007 $21.99 |
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5/16 x 6 SDS Hammer Bit by Irwin Ind.Tools 322022 $8.49 |
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3/8 x 6 SDS Hammer Bit by Irwin Ind.Tools 322024 $8.29 |
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3/8 x 12 SDS Hammer Bit by Irwin Ind.Tools 322026 $13.79 |
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1/2 x 6 SDS Hammer Bit by Irwin Ind.Tools 322031 $9.99 |
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1/2 x 12 SDS Hammer Bit by Irwin Ind.Tools 322033 $21.99 |
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5/8 x 6 SDS Hammer Bit by Irwin Ind.Tools 322041 $13.79 |
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3/4 x 6 SDS Hammer Bit by Irwin Ind.Tools 322047 $31.99 |
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3/4 x 12 SDS Hammer Bit by Irwin Ind.Tools 322048 $34.99 |
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1/4 x 12 SDS Hammer Bit by Irwin Ind.Tools 322020 $11.99 |
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1/4 x 6 SDS Hammer Bit by Irwin Ind.Tools 322017 $5.99 |
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IRWIN 323010 SDS MAX 3/4″ X 21″ 4C HAMMER DRILL BIT $32.99 |
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IRWIN- SDS MAX ROTARY HAMMER BIT- 1/2″ X 21″ $39.95 |
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NEW IRWIN 322017 1/4″ X 6″ QUALITY SDS PLUS MASONARY HAMMER DRILL BIT SALE $4.79 |
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NEW IRWIN 322026 3/8″ X 12″ QUALITY SDS PLUS MASONARY HAMMER DRILL BIT SALE $12.49 |
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NEW IRWIN 322020 1/4″ X 12″ QUALITY SDS PLUS MASONARY HAMMER DRILL BIT SALE $10.99 |
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Irwin SDS-plus Standard Tip Drill Bits -5/8x10x12 sds plus drillbit 322043 $23.72 |
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Irwin SDS-plus Standard Tip Drill Bits -3/16x4x6 sds plus drillbit 322004B25 $11.69 |
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Irwin SDS-plus Standard Tip Drill Bits -drill bit 3/8 x 10 x 12sds-plus bulk $14.85 |
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5/32″ x 6″ SDS Hammer Bit by Irwin Ind Tools 322002 $8.79 |
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NEW 1/2x4x6 Sds+ Drill Bit Irwin Each Sds – Spline Bits 322031 024721001986 $14.93 |
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NEW 3/8x4x6 Sds+ Drill Bit Irwin Each Sds – Spline Bits 322024 024721001931 $13.61 |
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NEW 1/4x4x6 Sds+ Drill Bit Irwin Each Sds – Spline Bits 322017 024721001627 $12.26 |
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Irwin 585-322031B25 1-2X4X6 Sds Plus Drill Bit $23.92 |
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Irwin 585-322022B25 5-16X4X6 Sds Plus Drillbit $23.26 |
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Irwin 585-323015 7-8X16X21 Sds-Max 4 Cutter Drill Bit $57.54 |
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Irwin 585-323024 1-1-4X18X23 Sds-Max 4 Cutter Drill Bit $77.02 |
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Irwin SDS-max Multi-Cutter Drill Bits -1x16x21 sds-max 4 cutterdrill bit 323017 $48.14 |
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Irwin SDS-max Multi-Cutter Drill Bits -7/8x16x21 sds-max 4 cutter drill bit $50.99 |
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Irwin 1″x 8″ 13″ SDS MAX Rotary Hammer Bit 323016 $55.99 |
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Irwin 1″x 16″ 21″ SDS MAX Rotary Hammer Bit 323017 $59.99 |
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Irwin 1-1/4″x 10″ 15″ SDS MAX Rotary Hammer Bit 323023ZR $78.99 |
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7pc IRWIN SDS SPEED PLUS MASONRY HAMMER DRILL BIT SET $21.99 |
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Irwin 5/32″ 6″ SDS Plus Rotary Hammer Drill Bit 322002 5pk $40.99 |
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Irwin 3/16″ 6″ SDS Plus Rotary Hammer Drill Bit 322004 5pk $33.99 |
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Irwin 1/4″ 6″ SDS Plus Rotary Hammer Drill Bit 322017 5pk $31.99 |
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Irwin 1/4″ 12″ SDS Plus Rotary Hammer Drill Bit 322020 5pk $56.99 |
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Irwin 322-036 SDS Plus Bit – 9/16 x 4 x 6 $17.59 |
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Irwin 322-046 SDS Plus Bit – 11/16 x 6 x 8 $27.32 |
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Irwin 322-051 SDS Plus Bit – 7/8 x 6 x 8 $32.72 |
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Irwin 323-014 SDS-max bit – 7/8 x 8 x 13 $50.94 |
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Irwin 323-009 SDS-max bit – 3/4 x 8 x 13 $45.47 |
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Irwin 322-001 SDS Plus Bit – 5/32 x 2 x 4 $15.54 |
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Irwin 322-041 SDS Plus Bit – 5/8 x 4 x 6 $16.56 |
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Irwin 3/8″ x 8″ x 13″ SDS MAX Rotary Hammer Bit 323000 $39.99 |
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Irwin 1/2″ x 8″ x 13″ SDS MAX Rotary Hammer Bit 323001 $41.99 |
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Irwin 1/2″ x 16″ x 21″ SDS MAX Rotary Hammer Bit 323002 $54.99 |
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Irwin 5/8″ x 8″ x 13″ SDS MAX Rotary Hammer Bit 323005 $46.99 |
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Irwin 5/8″ x 16″ x 21″ SDS MAX Rotary Hammer Bit 323006 $59.99 |
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Irwin 3/4″ x 8″ x 13″ SDS MAX Rotary Hammer Bit 323009 $51.99 |
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Irwin 3/4″ x 16″ x 21″ SDS MAX Rotary Hammer Bit 323010 $48.99 |
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Irwin 7/8″ x 8″ x 13″ SDS MAX Rotary Hammer Bit 323014 $56.99 |
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Irwin 7/8″ x 16″ x 21″ SDS MAX Rotary Hammer Bit 323015 $68.99 |
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Irwin 5/16″ x 6″ SDS Plus Rotary Hammer Drill Bit 322022 10pk $56.99 |
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Irwin 3/8″ x 6″ SDS Plus Rotary Hammer Drill Bit 322024 10pk $55.99 |
And a few more great deals on Amazon:
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Irwin 3/16 x 6 SDS Plus Carbide Hammer Bit Case Pack 6 Irwin 3/16 Inch x 6 Inch SDS Plus Carbide Hammer Bit. 6 Inch Overall Length. SDS Plus. 2 Cutter Carbide Tip. Made in Germany. Case Pack 6… |
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Irwin Tools 332019 Ground Rod Driver, 5/83/4 X 101/4 $58.99 Ground rod driver. Used for driving in ground rods, popular in telecommunications. Has a 3/4 inch hex shank. The length is 12 inches…. |
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IRWIN 322089 SDS-Plus 1-1/8 x 16 x 18 – 4 Cutter Hammer Drill Bit $59.87 DRILL BIT 1-1/8 X 16 X18SDS-PLUS 4C… |
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IRWIN 322046 SDS-Plus 11/16 x 6 x 8 Hammer Drill Bit $22.81 Fits all SDS-plus and Hilti TE-C rotary hammers. Reduced area above the flute prevents the drill bit from binding while drilling-the full usable length can be utilized. Chrome vanadium shaft through-hardened to 50-53HrC. Patented tip and flute design removes dust more efficiently. Shot-peened, double-tempered finish reduces breakage. Copper braze material gives high heat resistance for reduced tip… |
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Organization & strategy: organizational lessons from SDS and critique of a mass party strategy. … |
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Organization & strategy: Organizational lessons from SDS and Critique of a mass party strategy … |
Erwin Kamp op International SDS Tournament 19 maart 2005
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