Saturday, February 28, 2009

The plot thickens....

More people will believe  that Obamama is the top evil genius. He came at the right time. (The Repubs can't lie half as good. After all He da man!)

Even in the midst of a disaster!

Hell the conspiracy nuts are ecstatic. Like a stopped clock they are correct periodically because they believe this economy can be "controlled" and once in awhile it looks that way.

Don't tell them that if our world  could be controlled by these evil geniuses  we would all join up!!!

Where do I sign? I'm tired of being a peon. I'll obey the secret code and use the sneaky handshake. I'll even vote for the "correct " candidate. (OK I promise  to vote as many times as needed for all the candidates. Hell any candidate. )

But what's in it for me, huh? Power, wealth, pussy (OOPs) Toyota pickups, free cable and don't forget the clean underwear every Friday.

I'll even wear a tin hat, TRUST ME.

Want to get them stirred up?

Remind them that the last time we had a Depression Roosevelt ran and won 3 terms. He'd still be president if he hadn't croaked.

How many terms will "they" give Oba mama, hmm?

OK your HIGHNESS, I'm ready,  beam me up.
No TARP Can Mend the Economy Now - The International Forecaster

We still believe the economy can be held afloat in spite of its condition for another two years despite the increase in deflation. We still don’t see the elements of collapse, but it is on the way. Be patient, it will arrive and you won’t like it. The elements that brought about this horrible situation are starting to be recognized as the culprits and for the criminals that they are. If we were they we’d quickly go into hiding because we do not give five cents for their chance of survival. Over the next two years the impact of events will be staggering. Wall Street and banking will get their comeuppance from the public, who don’t really understand how really corrupt and deadly they are. The public is not trained to and can never understand how evil and diabolical these people are. They are willing to take down the entire world economic and financial system to bring about their satanic dreams of world government. The average decent mind cannot conceive of something so evil. These are the people who deliberately wrecked our economy via free trade, globalization, offshoring and outsourcing. America cannot ever recover unless tariffs on goods and services are imposed. The plug has already been pulled on manufacturing. Next is consumer consumption, the next three to four years in housing, then Wall Street, banking and insurance.

The collapse we see in the distance will bring about social dislocation and Martial law. The Illuminists know this and are laying the preparations now to subdue the people. The question is will our military shoot their own fellow citizens? We believe 90% will not. That 10% that attempt to will be killed by their own troops. That is why at this point we believe we can work with the American military. We expect revolutions worldwide, so we do not expect many foreign troops to interfere. Let’s say Argentina sends 30,000 troops to the US, what a perfect time and opportunity for revolution. The entire world is going to be in a terrible state of affairs.


Friday, February 27, 2009

Guy has it in a nut shell.......

What I learned from playing all this poker....

You have to know when to fold them.

And never chase good money with bad.

This crash ends when all the bad loans are flushed out of the system. Fold the "underwater" loans. Forgiving you trespassers
is not hot air but necessary to save our ass.

Why chase good money with bad? Picking on fools may satisfy our outrage for a while but it doesn't rebuild a shattered world economy.

Do you seriously want to solve the credit problem? Kill the all the "national" banks. Shut them down. Close them and start some new ones. No mercy.

Do it yesterday.

Reset everyone's credit to 640 so the suckers can start over. (My call for complete debt moratorium is coming, one way or the other,yes it is.)

Set credit  lending top limits at %10. Yes that old Bible thumping limit. It has worked for thousands of years.I remember it was the law in upstate N.Y. when we were kids. Foreclosures were rare (I never heard of one) and only used when necessary. Credit card rip off Ponzi schemes were virtually impossible.

Outlaw second mortgages! What are we waiting for? Texas had this as law forever, then they went nuts.

Can you hear me now?

What the fuck were banks thinking, let alone any half wit, that using the roof over your head to fund Disney land trips and shopping sprees was good for your economic health.

Stay away from banks.

Join a credit union and save a few bucks every payday. Borrow small and often, pay it back on time and you'll be able to buy any thing you can afford. Even if your credit is shaky.

As long as you pay it back.

Oh yeah, kill the lawyers!

(At least this keeps them out of government.)

Anyways the following is from a Russian emigre who watched Russia implode:
ClubOrlov: Social Collapse Best Practices

First: growth, of course! Getting the economy going. We learned nothing from the last huge spike in commodity prices, so let’s just try it again. That calls for economic stimulus, a.k.a. printing money. Let’s see how high the prices go up this time. Maybe this time around we will achieve hyperinflation. Second: Stabilizing financial institutions: getting banks lending – that’s important too. You see, we are just not in enough debt yet, that’s our problem. We need more debt, and quickly! Third: jobs! We need to create jobs. Low-wage jobs, of course, to replace all the high-wage manufacturing jobs we’ve been shedding for decades now, and replacing them with low-wage service sector jobs, mainly ones without any job security or benefits. Right now, a lot of people could slow down the rate at which they are sinking further into debt if they quit their jobs. That is, their job is a net loss for them as individuals as well as for the economy as a whole. But, of course, we need much more of that, and quickly!

So that’s what we have now. The ship is on the rocks, water is rising, and the captain is shouting “Full steam ahead! We are sailing to Afghanistan!” Do you listen to Ahab up on the bridge, or do you desert your post in the engine room and go help deploy the lifeboats? If you thought that the previous episode of uncontrolled debt expansion, globalized Ponzi schemes, and economic hollowing-out was silly, then I predict that you will find this next episode of feckless grasping at macroeconomic straws even sillier.


Thursday, February 26, 2009

Free trade is about to die.....

Back to the future. It can't come soon enough.

take it from a former "Washington insider" Paul Craig Roberts  who was Assistant Secretary of the Treasury in the Reagan administration.
A Change is Gonna Come- and it won't be voluntary - iTulip.com

The American economy has gone away. It is not coming back until free trade myths are buried six feet under.

America’s 20th century economic success was based on two things. Free trade was not one of them. America’s economic success was based on protectionism, which was ensured by the union victory in the Civil War, and on British indebtedness, which destroyed the British pound as world reserve currency. Following World War II, the US dollar took the role as reserve currency, a privilege that allows the US to pay its international bills in its own currency.

World War II and socialism together ensured that the US economy dominated the world at the mid 20th century. The economies of the rest of the world had been destroyed by war or were stifled by socialism [in terms of the priorities of the capitalist growth model. Editors.]

The ascendant position of the US economy caused the US government to be relaxed about giving away American industries, such as textiles, as bribes to other countries for cooperating with America’s cold war and foreign policies. For example, Turkey’s US textile quotas were increased in exchange for over-flight rights in the Gulf War, making lost US textile jobs an off-budget war expense.


Wednesday, February 25, 2009

Sometimes when your right.....

You really don't want to be.

Unfortunately it'll get worse. Just don't tell any one because they got guns. Heh heh.

Where's my rope?
Boomer wealth is evaporating - Feb. 25, 2009

NEW YORK (CNNMoney.com) -- What a turnaround for the American Dream!

According to a report released Wednesday, the real estate market bust and stock market declines have carved a huge chunk out of the assets of baby boomers, the largest age cohort in U.S. history.

So much home equity has been lost that should boomers need to sell their homes, 30% of those aged 45 to 54 would owe money at closing, according to "The Wealth of the Baby Boom Cohorts After the Collapse of the Housing Bubble," a report released by the Center for Economic and Policy Research, a Washington, D.C.-based, non-partisan think tank. About 18% of boomers aged 55 to 64 are underwater and would have to bring money to the table.

The CEPR also found that people who were renting homes in 2004 will have more wealth in 2009 than those who were owners. That's true for all five wealth groups the study analyzed, from the poorest to the wealthiest.

"The collapse of the housing bubble, which led to the current recession, has already destroyed almost $6 trillion dollars in housing wealth for homeowners," said report co-author Dean Baker. "This reality is compounded by the recent collapse of the stock market. Many baby boomers will only have Social Security and Medicare to rely on in their retirement."


Tuesday, February 24, 2009

Ha ha hah ah ah ah........

Their trying to kill me. After doubling the budget this year alone we're going to halve it in the next 4 years.!!!

Why didn't this genius just leave the budget as is? Save a lot of time even though it  makes lousy TV. After all He has to look Presidential.

Then again, what are they going to come up with when all this "stimulus"  doesn't work?

Remember after a while, most of the "economy" is government spending or lending. No one can fart without government help or permission. Therefor,  everyone waits for the Fed to decide every detail. Not much of a future there, is it?

Then again, it's my understanding that it  takes a government running surpluses to cut budgets.

Where's all this surplus going to come from?

Your house? Confiscate my future SS check? Steal it from my mother's $900 a month retirement? How about grabbing some more foreign money?

There must  plenty of that left.

Of course, if they bitch we can just bomb them into next week. Heh heh.

Obama pledges to cut nation's deficit in half - Feb. 23, 2009


WASHINGTON (CNN) -- President Barack Obama pledged Monday to cut the nation's $1.3 trillion deficit in half by the end of his first term.

He identified exploding health-care costs as the chief culprit behind rising federal deficits during a bipartisan "fiscal responsibility summit" convened to discuss ways to restore fiscal stability without deepening the recession.


Ha ha hah ah ah ah........

Their trying to kill me. After doubling the budget this year alone we're going to halve it in the next 4 years.!!!

Why didn't this genius just leave the budget as is? Save a lot of time even though it  makes lousy TV. After all He has to look Presidential.

Then again, what are they going to come up with when all this "stimulus"  doesn't work?

Remember after a while, most of the "economy" is government spending or lending. No one can fart without government help or permission. Therefor,  everyone waits for the Fed to decide every detail. Not much of a future there, is it?

Then again, it's my understanding that it  takes a government running surpluses to cut budgets.

Where's all this surplus going to come from?

Your house? Confiscate my future SS check? Steal it from my mother's $900 a month retirement? How about grabbing some more foreign money?

There must  plenty of that left.

Of course, if they bitch we can just bomb them into next week. Heh heh.

Obama pledges to cut nation's deficit in half - Feb. 23, 2009


WASHINGTON (CNN) -- President Barack Obama pledged Monday to cut the nation's $1.3 trillion deficit in half by the end of his first term.

He identified exploding health-care costs as the chief culprit behind rising federal deficits during a bipartisan "fiscal responsibility summit" convened to discuss ways to restore fiscal stability without deepening the recession.

Monday, February 23, 2009

retire???.........

Uh... No.

Be lucky if we can eat. Hell I know more about this than the criminal class in Washington.

At least when we go fishing we can tell the old lady it's what's for dinner. Heh heh.

These clowns had better be grateful my generation is only at the beginning of retiring. (we just started officially  last year in January).

Just imagine several hundred thousand "mad bombers" and Timothy McVeighs.

Think we got enough cops?

How do we feed , clothe and medicate 79 million more pissed off old geezers who will demand their handouts from government, hmm.

We played by the rules: get an education, get a career, kids,house, invest in 401k's and vote for the assholes who got us into this mess.

Oh these fuckers are going to pay, all right. One way or the other. Putting black guys in charge is not going to save them.

Can't wait to see it.
Five strategies to rescue your retirement - Feb. 23, 2009

(Money Magazine) -- Will I ever be able to retire now? That's a question you're likely asking yourself these days. After a year in which your 401(k) has been hammered by the biggest stock losses since the Great Depression, your home equity has been whacked by the collapse of the real estate market and the specter of being laid off looms larger every day, no one can blame you for being skeptical.

In fact, more than two-thirds of the respondents in a recent poll CNNMoney.com poll said they'll have to postpone their retirement as a result of the current financial crisis; more than a third worried that they'll be chained to their desks for life.

Now for the good news: You've got more weapons at your disposal to win the battle against a hostile economy than you may imagine. Read on for specific strategies to help you position your portfolio for a rebound, take advantage of other financial assets in your arsenal and make the most of the time you have left in the work force.


Sunday, February 22, 2009

Obviously the Empire must regain control.....

They need to rule the money, all the money, from within the whole globe.

P.S. the "experts" know. They are just afraid of us when we find out the extent of their complicity in the swindle.
Volcker sees crisis leading to global regulation - Yahoo! Finance


* Eileen Aj Connelly, AP Business Writer
* Friday February 20, 2009, 6:29 pm EST


NEW YORK (AP) -- "Even the experts don't quite know what's going on."

Speaking to a number of those experts Friday, Paul Volcker, a top economic adviser to President Barack Obama, cited not only the lack of understanding of the global financial meltdown but the "shocking" speed with which it had spread across the world.

"One year ago, we would have said things were tough in the United States, but the rest of the world was holding up," Volcker told a conference featuring Nobel laureates, economists and investors at Columbia University in New York. "The rest of the world has not held up."

In fact, the 81-year-old former chairman of the Federal Reserve said, "I don't remember any time, maybe even the Great Depression, when things went down quite so fast."

He noted that industrial production is falling in countries across the globe faster than in the U.S., one result of the decline caused by the breakdown of unbridled financial markets that operated on a global scale.

"It's broken down in the face of almost all expectation and prediction," he noted.

Volcker didn't offer specifics on how long he thinks the recession will last or what will help start a recovery. But he predicted there will be some lasting lessons from the experience.

"I don't believe it will be forgotten ... and we will revert to the kind of financial system we had before the crisis," he said.


Saturday, February 21, 2009

Get ready for Gold......

China and Russia have a deal for oil and gas. China is using our money, they have trillions, to set themselves up as an independent world power. Coal, oil, gas, gold, iron ore and huge food deals so far. Contracts all over the world to protect themselves.

Soon they will have enough money to buy a corner on gold and stop using the dollar. They'll have the oil producers in their pocket as they will be the only country buying.

Every empire such as we had struggles with "over reach" as ours has done and bankrupts their working class destroying their main source of income.

Then they can't pay for protecting their markets. Their markets no longer are profitable and slip through their fingers.

Then the Empire attacks it's own citizens. "Free speech" 'becomes "permissible" speech. Every act becomes regulated. Riches are bestowed through loyalty to governors.

Then we blow each other away.

Got guns?

Hopefully everybody takes a deep breath and we go back to the good old days bitching about ingrate foreigners.

Selling Ponzi schemes and borrowing thousands on make believe real estate deals.

And let's not forget voting for $8 a week tax cuts. Heh heh.

Meanwhile, study Spanish so you can get a job!

Friday, February 20, 2009

I'm planning on becoming a bootlegger.....

Why not?

Worked for the Kennedy's.

Fed's threaten to shut off water to California farmers.

Got food?

Buy now. Really nutty idea. 25% of our food comes from these guys.

May just bootleg water. Heh heh.

George Washington's Blog: Respected Economist John Williams Advises Hoarding Gold And Booze To Barter

Respected economist John Williams has been tracking the real fundamentals of the economy for many years at his website Shadow Stats.

Williams believes that the printing of trillions of dollars to fight the depression will lead to a "hyperinflationary depression".

Williams is advising people to stock up on gold and booze to bargain with once the hyperinflation makes dollars worthless:

“Three or four years into the future I think we could be in a hyperinflation, within the current year you’re going to see much higher inflation than most people are looking at,” Williams told MarketWatch.

Williams said that his definition of hyperinflation would be a situation in which a $100 dollar bill would become more functional as a piece of toilet paper than a store of value.

“This is a time when you want to preserve your wealth and assets because inflation will knock the value out of it,” he added, advising that people buy physical gold and assets other than the U.S. dollar.

“Then when the hyperinflation hits you’ll see disruption of normal commerce, you won’t have enough $100 dollar bills to buy what you want,” said Williams, adding that items to barter with, such ...read the rest.


Thursday, February 19, 2009

Checkmate........

The Empire is toast.....maybe.

China covers her ass and Russia sucks up to the future world leader. That's the bet. I think they are on the right track as about 20 years ago the "smart" money moved overseas from  here getting themselves positioned for moving the Empire off the American shore.

It was sold as 'free trade' but it simply means creating wealth and bypassing the socialist nonsense in western countries.

Why pay all the overhead when you simply sell the stuff and not worry about being "socially responsible".

Especially when America becoming bankrupt. (Usually signified by a country becoming a debtor nation) and soaking up capital to pay for various welfare schemes, that can't be paid for, from foreign entities.

History will tell but I think these guys are in for a surprise. What goes around comes around. I remember when Japan was the new wonderkind back in the 80's and would take over the world.

How did that work out?

Remember selling us short was not one of the smart guys better moves then. And I'm betting not now either.

We still have all the guns and can aim them wherever we want. And can take what we want.

We've done it before.
Jesse's Café Américain: Russia and China Sign Oil Deal for the Next Twenty Years

Russia, China sign $25 billion energy deal
17 Feb 2009, 1721 hrs IST, AGENCIES

MOSCOW: Russia and China signed a $25 billion energy deal in Beijing on Tuesday that will see China secure oil supplies from Russia for the next 20 years in return for loans, Russia's state pipeline monopoly Transneft said.

As part of the broad energy supply deal, China will lend $15 billion to Rosneft, Russia's state-owned oil major, and $10 billion to Transneft, a vital boost for energy companies as they struggle to raise capital amid straitened lending conditions and plunging oil prices.


Wednesday, February 18, 2009

WTF?????....

Pretty good dope, I'd say. All you have to do is borrowing more and you save more.

I'll take a million of that. Kind of like buying houses with out an income. Or Obamama giving everybody a free government loan. 

Or $8 bucks a week.
New reward cards make it easier to save - Money Features


Posted by Ismat Sarah Mangla
February 17, 2009 1:27 pm

If this recession cloud has one silver lining, it’s that Americans are saving more. (How that’s probably dismal for the economy as a whole is another post for another day.) But the truth is, we’re probably still not saving enough. Even in these tough times, saving requires a fair amount of self-discipline. I was talking to the Undercover Economist the other day, and he said that beyond automated processes such as 401(k) paycheck deductions, socking away cash is still excruciatingly difficult.
Fidelity Retirement Rewards

Fidelity Retirement Rewards

Now, it seems like credit card companies are capitalizing on the need for more automated savings programs by offering new reward cards that supposedly help customers save or pay down debt. For example, there’s the Wells Fargo Home Rebate Card, which allows users to earn 1% back on purchases (and there’s no cap on the amount you can earn). But the rebate doesn’t result in cash in your wallet; instead, it’s paid in $25 increments toward the loan principal on most Wells Fargo mortgages. And then there are the Fidelity Retirement Rewards or 529 College Rewards American Express Cards: You earn 2% cash back on purchases (again, no cap), but the money must be deposited into a Fidelity IRA or 529. (You can also redeem points for WorldPoints rewards, a program that offers travel and other merchandise.)


Tuesday, February 17, 2009

Dinosaurs r us.....

Newspapers are nauseating to read. Pure and simple.

At least Obamama gave us $8 a week so we can buy one. Heh heh.
The American Spectator : Authors of Their Own Doom

By William Murchison on 2.2.09 @ 6:10AM

Just what I needed: more bad news about the news business. My business, one way or another since 1964, when I labored not only as general assignments reporter and feature writer for a small-town newspaper but also took photos and, yes, converted same to plastic engravings via that technological wonder, the Fairchild Scan-A-Graver.

I have been around. How I sympathize now with James Warren's morose reflections on the Atlantic's Internet site concerning the acute need for newspapering even as the customers for our grand old product drift away. He writes: "Newspaper penetration -- the number of households looking at a paper -- now amounts to less than 18 percent of the population, compared with 33 percent back in 1946.…Papers are throwing out employees almost weekly, cutting national and foreign bureaus if they have them.…In some cases, entire newspapers are shutting down."


Monday, February 16, 2009

Got to watch this.....

I usually disagree with this guy but for one thing: this depression is going to last a long time.

Especially his solution is to give every broke dick more credit. He must figure what the Hell can it hurt? 5 or 10 years from now according to him we should be out of it.

Then we retire by the millions. Broke. Our assets were in housing and the stock market. Gone.

Pray for inflation to bring these markets back. What a program!

What's a guy to do?

Save and pay off debt. Be ready for bargain hunting. Become a small bank. Every body will need a loan. Heh heh


Paul Krugman Nobel Prize Winner in Economics on Washington Journal at CSPAN Junkie



Sunday, February 15, 2009

The rot sets in.......

Start with a trillion or so in bad loans here, a trillion over there and next thing you know we have a complete meltdown in Europe.

Taking everyone with them.

Who's got the money to make them good.

At 33 dollar oil these guys are all broke. Soon a world wide currency will have to be implemented to "save the world'.

Yes it's all about oil and speculation in currencies and no one is safe right now.

Of course rope and pitchforks would make me feel better. Heh heh.

Failure to save East Europe will lead to worldwide meltdown - Telegraph

If mishandled by the world policy establishment, this debacle is big enough to shatter the fragile banking systems of Western Europe and set off round two of our financial Götterdämmerung.

Austria's finance minister Josef Pröll made frantic efforts last week to put together a €150bn rescue for the ex-Soviet bloc. Well he might. His banks have lent €230bn to the region, equal to 70pc of Austria's GDP.

"A failure rate of 10pc would lead to the collapse of the Austrian financial sector," reported Der Standard in Vienna. Unfortunately, that is about to happen.

The European Bank for Reconstruction and Development (EBRD) says bad debts will top 10pc and may reach 20pc. The Vienna press said Bank Austria and its Italian owner Unicredit face a "monetary Stalingrad" in the East.

Mr Pröll tried to drum up support for his rescue package from EU finance ministers in Brussels last week. The idea was scotched by Germany's Peer Steinbrück. Not our problem, he said. We'll see about that.

Stephen Jen, currency chief at Morgan Stanley, said Eastern Europe has borrowed $1.7 trillion abroad, much on short-term maturities. It must repay – or roll over – $400bn this year, equal to a third of the region's GDP. Good luck. The credit window has slammed shut.

Not even Russia can easily cover the $500bn dollar debts of its oligarchs while oil remains near $33 a barrel. The budget is based on Urals crude at $95. Russia has bled 36pc of its foreign reserves since August defending the rouble.


Saturday, February 14, 2009

My generation of boomers is screwed....

Going to take more than electing a black Marxist to Messiah hood to save our collective asses.
Safe Haven | Puncturing Deflation Myths, Part 1

That collapse in the value of the currency necessarily forces a major redistribution of wealth, and the segment of the population that is most devastated by this seems to always be the same. It's the retirees, and the people close to retirement. When we look to Germany, when we look to Argentina, when we look to Russia - it is the pensioners who are impoverished more than any other group.

Unfortunately, history is repeating itself again. When we look at the headlines about the destruction of retiree investment values, pension assets and so forth, we're really just seeing the beginning. Because the crisis "solution" that is being chosen, which is creating dollars without the ability to pay for those dollars, essentially represents the annihilation of most of the retirement dreams of the baby boom generation, even if that is not yet recognized. There is not an even cost that is being born by society as a whole, rather some segments are bearing much more of the burden than others. If your peer group (particularly Boomers and older) is headed for disproportionate financial devastation, then happenstance is unlikely to offer a personal way out. Instead, you must instead take quite deliberate actions to change your personal financial position so that wealth is redistributed to you, rather than away from you.


Friday, February 13, 2009

Darwinism is an interesting religion......

One of my favorites.

I used to be ''true believer". No really. I thought it was science. You know the pursuit of reality. What is. What was. How come. Stuff that is necessary for us to understand the world outside our skulls.

After a long time, say 30 years or so, i find more "true believers" simply prattle . Such as we know Darwin was correct because, well, everyone we know says so.

Or I read  it in school and they wouldn't teach it if it wasn't true. After all it's called science.

(How many angels can dance on the head of a pin was a valid debate at one time in Harvard).

Any ways, it's not politically correct to question it. Or global warming either for that matter.

However, since we are not fanatics or scholars let's do so and see where it leads.

A caveat is necessary: Evolution could be Gospel. But, let us not forget, Gospel is a faith.

But it could be true. Even if it's not in the bible. Heh heh.

 Darwin postulated that we start out as simple one cell organism and progressively changed over time until we get to where we are now.


Here's my problem with this particular faith:

It's my understanding that I was born because my mother didn't bleed to death during her prenatal lifetime (No rocket science here).

To be more specific, she lived through her menstrual cycle like all women before her.

How did women come up with that little miracle?

I guess they are the superior species.

To "evolve" from a one cell animal without bleeding to death before discovering blood clotting is, well, a miracle.

Ain't that old time religion wonderful!!

Oh well......

Thinking in Darwinian Lockstep by Fred Reed

A few questions:

It is asserted, though not demonstrated, that point mutations caused by, say, cosmic rays sometimes give an animal a slight advantage over others of its species, and that these advantages accumulate over countless generations and lead to major changes. Demonstrable fact, or plausible conjecture? I note that metaphysical plausibility often substitutes for evidence in matters evolutionary. The approach ignores hard questions, such as whether tiny advantages, if engendered at all, rise above the noise level, or what that level might be.

At any rate, the idea is that slight selective pressure (operational definition, please? Units?) over enough time produces major changes. The idea is appealingly plausible. But, for example:

(1) A fair number of people are deathly allergic to bee stings, going into anaphylactic shock and dying. In any but a protected urban setting, children are virtually certain to be stung many times before reaching puberty. Assured death before reproduction would seem a robust variety of selective pressure.

Yet the allergic haven’t been eliminated from the population. Why is it that miniscule, unobserved mutations over vast stretches of time can produce major changes, while an extraordinarily powerful, observable selective pressure doesn’t? The same reasoning applies to a long list of genetic diseases that kill children before they reach adulthood. (Yes, I too can imagine plausible explanations. Plausibility isn’t evidence.)

(2) Homosexuality in males works strongly against reproduction. Why have the genetic traits predisposing to homosexuality not been eliminated long ago?

(3) Pain serves to warn an animal that it is being injured, or to make it favor, say, a wounded leg so that it can heal. Fair enough. But then why did we evolve the nerves that produce the agony of kidney stones – about which an animal can do absolutely nothing?

(4) There are at least two ways in which a species might change over time. One is the (postulated) accumulation over very long periods of mutations. Maybe.

The other is the concentration of existing traits by selective breeding, which is nothing but deliberate natural selection. The latter is demonstrable, and can happen within a few generations. If a breed of dog has weak hips, for example, the defect can be rectified by interbreeding those with better hips until good hips become the norm. About this there is no doubt. If natural selection occurs as advertised, this is where we would expect to see it.


Thursday, February 12, 2009

For another look at "free trade"....

The gangs own our politicians, banks, money, everything.

When we allowed the Empire to move offshore we lost control of our sovereignty. We no longer control our own troops. We must "police" the world to keep the system safe. As long as the system needs oil and the cash reserves , that is.

 Not keep you and I safe.

People with towels on their heads strapping bombs to their chest are a nuisance not a credible threat. it's only when they get  nukes (yes they will) that they become a threat.

And only some government can provide that.

It will.

And only America stands in it's way.

 If that should ever change Israel is toast. We need her to keep these nut jobs occupied. After all, God wills that Jews die, just ask the 400 or 500 million fanatics who demand it.

Many on the left in all countries are beginning to sympathize with these guys for being punished by the mean Jews and are becoming politically powerful. They're getting elected everywhere promising "something for nothing".

Everything provided by government: jobs, health care, education, national security, child care, food, utilities, transportation, entertainment, old age security, etc. etc. etc. What ever it takes to get in power and take us back to some idyllic pastoral paradise where we can all live in peace and harmony. Like the Middle east, I guess.

With our luck, Israel takes out their enemies and  puts the oil based economy back a hundred years. Or a thousand.

What does she have to lose.

After all, all our economic problems stem from oil shocks as the Jihad continues from 1973 when Islamo fascist declared war on the west for supporting Israel.

Remember gas lines, shortages, and fat cat Arabs lecturing America for supporting the Jews.

Where did you think the series of recessions since that time has come from?

Handful of greedy banks? Sorry, not enough. Wishing it were true does make it so.

Evil speculators? They lost their ass when Bush announced drill baby drill.

Only oil producers controlled by religious fanatics and an end times agenda  have the muscle to destroy our economy.

We have already forgotten that oil hit $147 a barrel and the consumer went bankrupt, literally overnight, trying to find the money to pay for food and gas, destroying the auto guys, banks, and Republicans in the process.

Just fell out of the sky. Ask them.

Yes we were that vulnerable because we have had our wealth sucked out of us and replaced with printing press money for over 30 years while the Empire moved offshore.

That is what is meant by the "sucking sound" of free trade. Wealth is not money. Money is a promise to pay. For wealth.

Things that are desired, sought and valued is wealth.
 
But as for how our interconnected banking system works:

Read the whole article......
Financial Coup d’Etat at The Catherine Austin Fitts Blog

I described a meeting that had occurred in April 1997, more than four years before that day in London. I had given a presentation to a distinguished group of U.S. pension fund leaders on the extraordinary opportunity to reengineer the U.S. federal budget. I presented our estimate that the prior year’s federal investment in the Philadelphia, Pennsylvania area had a negative return on investment.

We presented that it was possible to finance places with private equity and reengineer the government investment to a positive return and, as a result, generate significant capital gains. Hence, it was possible to use U.S. pension funds to significantly increase retirees’ retirement security by successfully investing in American communities, small business and farms — all in a manner that would reduce debt, improve skills, and create jobs.

The response from the pension fund investors to this analysis was quite positive until the President of the CalPERS pension fund — the largest in the country — said, “You don’t understand. It’s too late. They have given up on the country. They are moving all the money out in the fall [of 1997]. They are moving it to Asia.”

Sure enough, that fall, significant amounts of moneys started leaving the US, including illegally. Over $4 trillion went missing from the US government. No one seemed to notice. Misled into thinking we were in a boom economy by a fraudulent debt bubble engineered with force and intention from the highest levels of the financial system, Americans were engaging in an orgy of consumption that was liquidating the real financial equity we needed urgently to reposition ourselves for the times ahead.

The mood that afternoon in London was quite sober. The question hung in the air, unspoken: once the bubble was over, was the time coming when we, too, would be “de-modernized?”

In 2009 — more than seven years later — this is a question that many of us are asking ourselves.


Wednesday, February 11, 2009

China owns us.......

Yes they do.

Pop all those bonds and we disappear. China crashes. Millions of yellow refugees. Asia goes up in smoke. The whole house of cards collapses.

Until we can figure a way to rip them off and recover our system.

Normally it takes a big ass whooping war to settle this shit.

Maybe Jesus will beat us to it.

Don't bet on it.
Bloomberg.com: Worldwide

China may voice its concerns over U.S. government finances and the potential for a weaker dollar when Secretary of State Hillary Clinton visits China on Feb. 20, according to He Zhicheng, an economist at Agricultural Bank of China, the nation’s third-largest lender by assets. A People’s Bank of China official, who didn’t wish to be identified, declined to comment on the telephone.

Clinton Talks

“In talks with Clinton, China will ask for a guarantee that the U.S. will support the dollar’s exchange rate and make sure China’s dollar-denominated assets are safe,” said He in Beijing. “That would be one of the prerequisites for more purchases.”

Chinese Foreign Ministry Spokeswoman Jiang Yu said yesterday that talks with Clinton would cover bilateral relations, the financial crisis and international affairs, according to the Xinhua news agency.

The dollar fell 0.6 percent to 89.96 yen today on concern that the U.S. government’s bank-rescue plan will fail to revive lending. Treasuries declined as investors prepared to bid for a record $21 billion sale of 10-year notes today. The yield on the benchmark 10-year note rose three basis points to 2.83 percent.

Currency Reserves

“These comments are some sort of a threat but of course China can never get such a guarantee,” said Thomas Harr, a currency strategist at Standard Chartered Plc in Singapore. The U.S. may assure China that it will clean up the financial system and that it “won’t push for a weaker dollar but they can’t promise not to increase the fiscal deficit,” he said.


Tuesday, February 10, 2009

How are we going to spend $9.61 a week?...

$500 a year in stimulus. Yea baby. Wow we're rich. (right!) And bankers get millions. So does the criminals in ACORN who stuffed all those ballot boxes.

Wait til the next bailout. Yes we will need more. The Chinese are going to go broke and sell our bonds. Yes they will!

But expect another boom to come and then crash as my generation retires.

yes it will!

Read this and see what you think:
LewRockwell.com Blog: Keynesianism Is So Dumb

Keynesianism Is So Dumb
Posted by Lew Rockwell at February 9, 2009 07:15 PM

I am listening to Boring Barack's economic plan, and thinking that Keynesianism, shorn of mathematics and academic jargon, even sounds stupid: print trillions in paper money, bail-out loser firms and banks, spend massively on political projects, and grow rich.

There was one fun moment when Obama noted that he was shocked that some people (get ready for the outrage) question the efficacy of FDR's New Deal, a battle he thought had been won long ago.

Nope!

Financial Coup d’Etat at The Catherine Austin Fitts Blog

I described a meeting that had occurred in April 1997, more than four years before that day in London. I had given a presentation to a distinguished group of U.S. pension fund leaders on the extraordinary opportunity to reengineer the U.S. federal budget. I presented our estimate that the prior year’s federal investment in the Philadelphia, Pennsylvania area had a negative return on investment.

We presented that it was possible to finance places with private equity and reengineer the government investment to a positive return and, as a result, generate significant capital gains. Hence, it was possible to use U.S. pension funds to significantly increase retirees’ retirement security by successfully investing in American communities, small business and farms — all in a manner that would reduce debt, improve skills, and create jobs.

The response from the pension fund investors to this analysis was quite positive until the President of the CalPERS pension fund — the largest in the country — said, “You don’t understand. It’s too late. They have given up on the country. They are moving all the money out in the fall [of 1997]. They are moving it to Asia.”

Sure enough, that fall, significant amounts of moneys started leaving the US, including illegally. Over $4 trillion went missing from the US government. No one seemed to notice. Misled into thinking we were in a boom economy by a fraudulent debt bubble engineered with force and intention from the highest levels of the financial system, Americans were engaging in an orgy of consumption that was liquidating the real financial equity we needed urgently to reposition ourselves for the times ahead.

The mood that afternoon in London was quite sober. The question hung in the air, unspoken: once the bubble was over, was the time coming when we, too, would be “de-modernized?”

In 2009 — more than seven years later — this is a question that many of us are asking ourselves.


Monday, February 09, 2009

Think our farmers will produce food for free?....

Why not?

Where's there sense of patriotic duty?

Bullets maybe?  That will straighten them out and make them see the light.

Think it can't happen around here?

How about this? Anti Obamama site, Obama truth  Blocked?

Bags on his old lady. Can't reach it for now. Are they coming for us?

Nah, too much kool aid. Getting interesting though.

Here's some farmers that have had enough.
China Confidential: Greek Riot Police Fire Tear Gas at Farmers

Riot police fired tear gas at farmers from the island of Crete Monday to stop them from driving their tractors from the Greek port of Piraeus to Athens to protest low prices for their products and demand financial help. The incident was the latest twist in nearly two weeks of protests by Greek farmers, who had used their tractors to block border crossings and highways across the country for days.


Sunday, February 08, 2009

We need a better class of customers.....


TimeBomb 2000 - View Single Post - PLAY Wal-Mart won't let me shop there anymore.

Wal-Mart won't let me shop there anymore.


The next time someone asks you a dumb question wouldn't you like to respond like this?

Yesterday I was at my local Wal-Mart buying a large bag of Purina dog chow for my loyal pet, Biscuit, the Wonder Dog and was in the checkout line when woman behind me asked if I had a dog.

What did she think I had, an elephant? So since I'm retired and have little to do, on impulse I told her that no, I didn't have a dog, I was starting the Purina Diet again. I added that I probably shouldn't, because I ended up in the hospital last time, but that I'd lost 50 pounds before I awakened in an intensive care ward with tubes coming out of most of my orifices and IVs in both arms.

I told her that it was essentially a perfect diet and that the way that it works is to load your pants pockets with Purina nuggets and simply eat one or two every time you feel hungry. The food is nutritionally complete so it works well and I was going to try it again. (I have to mention here that practically everyone in line was now enthralled with my story.)

Horrified, she asked if I ended up in intensive care because the dog food poisoned me. I told her no, I stepped off a curb to sniff an Irish Setter's a$ and a car hit us both.

I thought the guy behind her was going to have a heart attack he was laughing so hard. Wal-Mart won't let me shop there anymore.

Better watch what you ask retired people. They have all the time in the world to think of crazy things to say.

You don't like OB's change??........

Heh heh.

These guys gave him the win. What did you expect. Oh you mean you actually voted!

Why?
Newsmax.com - Obama’s Bill Hands ACORN $5.2 Billion Bailout

A rising chorus of GOP leaders are protesting that the blockbuster Democratic stimulus package would provide up to a whopping $5.2 billion for ACORN, the left-leaning nonprofit group under federal investigation for massive voter fraud.

Most of the money is secreted away under an item in the now $836 billion package titled “Neighborhood Stabilization Programs.”

Ordinarily, neighborhood stabilization funds are distributed to local governments. But revised language in the stimulus bill would make the funds available directly to non-profit entities such as ACORN, the low-income housing organization whose pro-Democrat voter-registration activities have been blasted by Republicans. ACORN is cited by some for tipping the scales in the Democrats' favor in November.

According to Fox news, Sen. David Vitter, R-La., could appear to be a “payoff” for community groups’ partisan political activities in the last election cycle.

“It is of great concern to me,” Rep. Marsha Blackburn, R-Tenn., tells Newsmax. “I think our government has stayed strong because we’ve had a two-party system, we have had robust debate, people have felt that it was one man-one vote. They are privileged and grateful that they have that ability to cast that vote. And when something is done to belittle or diminish that, it is of great concern to me.”

Saturday, February 07, 2009

Why not $200,000.......

We all need a free house, don't we?
Senators push for more housing help in stimulus - Feb. 1, 2009

Expand home buyer credit: Senate Budget Committee Chairman Kent Conrad, D-N.D., said last week he would propose an expansion of a temporary $7,500 first-time home buyer credit so that it applies to all purchases of primary residences.

Some Republican senators have called for an increase in the credit to $15,000.

On "Face the Nation," Sen. Charles Schumer, D-N.Y., said Sunday that lawmakers "can do more for housing." The proposal to increase the home buyer credit to $15,000 and make it available to all home buyers is "something that we look favorably upon," he said.

This is the "secret" of our Empire..........

Slowly the empire moves offshore. It can't stay here as it's soiled it's nest. Borrowing itself into the poor house is not good.

And they ain't done yet.

So leave the mess for the peons in the states.
 
How the Chicago boys wrecked the economy: An interview with Michael Hudson

Michael Hudson: By “integrating” they mean absorbing, something like a parasite integrating a host into its own control system. They mean that other countries will be prohibited under WTO and IMF rules from getting rich in the way that the United States got wealthy in the 19th and early 20th centuries. Only the United States will be permitted to subsidize its agriculture, thanks to its unique right to grandfather in its price supports. Only the United States will be free from having to raise interest rates to stabilize its balance of payments, and only it can devote its monetary policy to promoting easy credit and asset-price inflation. And only the United States can run a military deficit, obliging foreign central banks in dollar-recipient countries to give it a free ride. In other words, there is no free lunch for other countries, only for the United States.

Other countries do indeed give up their national sovereignty. The United States never has adjusted its economy to create equilibrium with other countries. But to be fair, in this respect only the United States is acting fully in its own self-interest. The problem is largely that other countries are not “playing the game.” They are not acting as real governments. It takes two to tango when one party gets a free ride. Their governments have become “enablers” of U.S. economic aggression.

Friday, February 06, 2009

The left hates the auto........

But they can't survive politically without the union money. Should be interesting. Kill your money supply or practice your religion, "Environmentalism".

Hmmm... Are they getting money to their union buddies?
The American Spectator : Green With Madness

It ought to be obvious -- even to Obama -- that in today's economy, anything that adds significantly to the bottom line cost of a new car is not going to help Detroit sell cars -- no matter how "clean" they supposedly are. Fleets of unsold (but clean!) new cars sitting on dealership lots across the country aren't going to save the planet.

But they may just write the obituary of the American auto industry.

Then there's the more subtle shivving: California's intention to categorize carbon dioxide -- an inert gas that plays no role whatsoever in the formation of smog -- as an "emission" for regulatory purposes.

Unlike other exhaust byproducts of internal combustion (such as unburned hydrocarbons) which can be reduced by making an engine run more efficiently, there is only one way to reduce the output of C02 -- burn less fuel. That will mean smaller engines in smaller cars.

Thursday, February 05, 2009

Bush's fault.........

Bush announces the lifting of the moratorium on offshore drilling and oil prices collapse.

I remember Putin invading the Ukraine and Chavez getting uppity.

Poof their economies dump into the toilet and our gas prices hit $1.50/gal.

Let's see how Obamama flexes his muscle. After all our military toys rule the planet. Governments are helpless against us. Only "Mad Bombers" and people with towels on their heads dare take us on.

Still plenty of oil out there. It just "belongs " to countries we approve of.

I'm beginning to wonder why the "crisis" was necessary.

By the way, you think anyone in the Obamama gang will be a person who has ever had a real job.

None so far. All big government hacks who sold us down the river through NAFTA.

That great plan to give foreigners our middle class jobs destroying our economy, remember?

Time will tell.

P.S Expect Obamama's policies to work just grand. I'm preparing for the next boom. How about you?
My Budget 360

But in a blink of an eye the oil bubble burst and brought down nations like Russia and Venezuela that were heavily dependent on oil revenues. This was a double hit for many of these countries. The one silver lining for a consumer nation like the U.S. is that the drop in oil prices was a stimulus. Can you imagine how our economy would be right now if oil were at $147? Hard to even imagine. Daily consumption is roughly 86 million barrels globally. Let us run the annual numbers:

$4,614,330,000,000 (annual consumption cost of oil at $147 per barrel)

$1,255,600,000,000 (annual consumption cost of oil at $40 per barrel)

That’s another $3.3 trillion we just saw evaporate mostly to oil exporting countries. Now let us run our grand total so far:

Running Total: $30.7 trillion + $6 trillion + $3.3 trillion = $40 trillion

$40 trillion on the nose. Now keep in mind we did not look at residential real estate across the globe which is imploding. We did not look at commodities which have collapsed. It is easy to see how we can reach the $70 trillion now making the rounds. This is a stunning number given global annual GDP is approximately $54 trillion.

Wednesday, February 04, 2009

They found something to believe in.....

The smell of change has come to the "black community".

Now they get the shaft from one of their own.
Staying Alive: TUESDAY MISC.

Subject: I'm confused...

How could 1.5 million blacks get into Washington, DC in
sub-freezing temperatures, in one day, when 200,000
couldn't get out of New Orleans in 85� weather with
four days notice?

And with that I will disappear for another day. I hope you got some food for thought and some inspiration to stay alive!

Monday, February 02, 2009

I like it when smart people agree with me....

Coming to a neighborhood near you!


You can't fight reality.

Broke dicks, old fucker broke dicks, will be in a battle for their checks with their kids. They will sell every thing to survive.

And they vote.

Tell a millions of vets armed for Armageddon they have to move in with their kids because they ain't gettin' no Social Suckers check!

Or find a warm bridge to live under.

Millions of geezers have nothing now. But debts. Insurance only pays if they die. House equity has disappeared for ever.

How many Walmart greeters do you think we can hire?

Did I mention they vote?

And have more guns than several large countries?



oftwominds

1. Demographics. The entire model of retirement and healthcare for the elderly is based on the shorter lifespans, low-cost medical treatments and robust worker-retiree ratios of the 1940s.

That model no longer has any relation to reality. The majority of people will live almost a full generation longer than their great grandparents, meaning many will be drawing benefits nearly as long as they worked.

The worker-retiree ratio has fallen from 10-to-1 to 2.5-to-1--clearly, unsustainable. In nations with low birthrates, it will soon fall to 1-to-1.

A standard heart surgery and recovery now costs more than most homes. Forty years ago it did not cost 5 years' wages to enter the hospital for a few days and undergo a procedure. Now it's "normal."

Did I mention ....Strikes.....

Dems in charge. Do they dare nationalize the refineries and threaten all those union jobs?

Reagan did when he busted the air traffic controllers union.

Nah. We motorist are toast. Clean up the bicycles. Or pay 30 bucks a gallon.

Or stay home on your stimulus checks. Heh heh.
Environmental Capital - WSJ.com : Strike Out: Nationwide Refinery Strike Could Mean Higher Gas Prices

Strike Out: Nationwide Refinery Strike Could Mean Higher Gas Prices
Posted by Keith Johnson

Oil prices may be headed lower, but are prices at the pump set to shoot back up?

That’s a possibility if the U.S. Steelworkers Union makes good on threats to launch a nationwide strike that could affect as much as two-thirds of the country’s refining capacity. Bloomberg reports that union officials have rejected industry offers—made by lead negotiator Royal Dutch Shell—and are preparing to go to the pickets when their contract expires Super Bowl Sunday.

Refinery workers may not have a whole lot of leverage right now. Thanks to the recession and plummeting demand for oil, refinery economics have taken a hit. Many refineries have been throttling back operations and shutting down refineries for maintenance ahead of schedule; the sector is currently operating at historically-low capacity levels.

A strike-induced, short-term refinery outage could soak up some excess gasoline sloshing around the groggy economy, serving as a boost to refinery economics. Shell and Exxon say they expect to keep their refineries running even in the event of a walkout.

But what if demand destruction in the U.S. has already run its course? Last week, gasoline stocks decreased in the U.S., even as crude-oil stocks rose significantly—a possible sign that gasoline demand, and thus pump prices, could be headed north again. Refinery shutdowns would just put additional pressure on gas prices.

Traders are already taking positions, in any event. Even as crude oil futures kept slipping 2% Thursday, gasoline futures were up more than 3%.

Sunday, February 01, 2009

I prefer to survive......

Depending on Oba-mama and the Clinton gang will be bad for our health.

Best yuk it up while we can.
Willyobiker’s Norman Ridge Newsletter

Men wake up as good-looking as they went to bed.
Women somehow deteriorate during the night.

MONEY MANAGEMENT:
A man is a person who will pay two dollars for a one dollar item he wants.
A woman will pay one dollar for a two dollar item that she doesn’t want.

HAPPINESS:
To be happy with a man you must understand him a lot and love him a little.
To be happy with a woman you must love her a lot and not try to understand her at all.

MARRIAGE EXPECTATIONS:
A woman marries a man expecting he will change, but he doesn’t.
A man marries a woman expecting that she won’t change and she does.

MARRIAGE DECISIONS:
Men marry because they are tired.
Women marry because they are curious.
Both are disappointed.

MARRIAGE AND THE FUTURE:
A woman worries about the future until she gets a husband,
A man never worries about the future until he gets a wife.

MEMORIES:
A woman will always cherish the memory of the man who wanted to marry her.
A man cherishes the memory of the woman who he didn’t marry.

UNDERSTANDING WOMEN:
There are two times when a man doesn’t understand a woman - before marriage and after marriage.

WHAT A WOMAN WANTS:
Only two things are necessary to keep one’s wife happy…
- One is to let her think she is having her own way.
- The other is to let her have it.

LONGEVITY:
Married men live longer than single men, but married men are a lot more willing to die.

MISTAKES:
Any married man should forget his mistakes - no use
two people remembering the same thing.

THE BATTLE:
A woman always has the last word in any argument.
Anything a man says after that is the beginning of a new argument.
misc35
stupid criminals
Every day, we are assaulted by stories of stupid people–many of whom use their stupidity for personal gain. From time to time, though, we hear of those who strive to achieve new levels of stupidity *while* also breaking the law. To these brave men and women–ooops, “women and men”–we
present the highest possible honor: entry into the “Stupid-Criminal Hall of Shame.”