Sunday, January 31, 2010

Jail 'em or hang 'em.........

Michele Malkin - Tim Geithner AIG,C-Span Blockade,Chris Dodd Toe Fungus

Thursday, January 28, 2010


Marcy Kaptur chews out Tim Geithner over AIG

Wednesday, January 27, 2010

What to expect from Oba mama's speech....

It's not my fault, Bush did it.

We have saved the world.

We need to be patient for this to show.

Did I tell you it's not my fault?

Tuesday, January 26, 2010

Oil must be destroyed....

Has nothing to do with "oil independence." This is a holy war to save the Earth from greedy capitalist. Or something.

If we explored more in the U.S., we could move the oil in pipelines, which is much a safer method of transportation. With a pipeline, you have a fixed facility at either end; if something happens to the pipeline, you can tell right away. Any spill is limited to the volume of the line.

Even spills from offshore oil platforms are usually small in volume and relatively inconsequential to the environment because they happen far from shore. A tiny fraction of the oil in the marine environment is from oil producing operations; most of it comes from natural seeps.

Monday, January 25, 2010

One of the more interesting theories of creation....

Who knows maybe they'll be back and give us a second chance. Heh heh.

Sumeria, Babylonia, Sumeria
The story continues with the female gender Anunaki, Ninhursag, creating an altered hybrid by using material from one of the Anunaki and of an earth "beast," primitive man. The Anunaki now had an intelligent worker to do their mining. Soon, these prototype humans ("A-dam" means something like "duplicated" plus "human") were being specifically designed for certain tasks, including a version with small, delicate features that was used as a house servant by the Anunaki.

The Atra Hasis continues to explain that it was this "delicate type," with features more resembling the Anunaki themselves, that attracted the Anunaki to mate with them. And it was these "giants on earth" that were remembered in the book of Genesis.

The book of Genesis has more hints to this earlier epic. Ninhursag, who created the first "smarter humans" was celebrated by the Anunaki and she was given the title of "Nin-ti," or "Lady of life." Since early Hebrew has multiple meanings for the phrase "ti," meaning both "rib" and "life," the creation of Eve by Nin-ti yielded to the errant story of the first woman being created by Adam's rib (hence "the lady of the rib").

So where is the devil while all of this is going on?

Sunday, January 24, 2010

I just answerede my question about Haiti..

Smart Economy: Haiti rich in unexplored hydrocarbons (with potential oil reserves larger than those of Venezuela) , gold, copper, uranium 238 and 235 and strategic metals (iridium)
Haiti rich in unexplored hydrocarbons (with potential oil reserves larger than those of Venezuela) , gold, copper, uranium 238 and 235 and strategic metals (iridium)

Russia calls it the near abroad. Its sphere of influence.

One of the countries in its near abroad is Afghanistan, which also just happens to be a undeveloped country rich in unexplored strategic metals, according to the British Geologic Survey.

Saturday, January 23, 2010

Why do they hate us?......

Probably because we want them to. Why else would we be chasing them into every nook and cranny on the planet. As long as they leave the oil alone, that is. Then we get serious.

Notice that the oil wells are still pumping should tell us something. If they got serious the wells disappear.

Answering Helen Thomas on Why They Want to Harm Us « Patrick J. Buchanan
“It is clear that al Qaeda increasingly seeks to recruit individuals without known terrorist affiliations … to do their bidding. … And that’s why we must communicate clearly to Muslims around the world that al Qaeda offers nothing except a bankrupt vision of misery and death … while the United States stands with those who seek justice and progress. … That’s the vision that is far more powerful than the hatred of these violent extremists.”

But why it is so hard for Muslims to “get” that message? Why can’t they end their preoccupation with dodging U.S. missiles in Afghanistan, Pakistan, Yemen and Gaza long enough to reflect on how we are only trying to save them from terrorists while simultaneously demonstrating our commitment to “justice and progress”?

Does a smart fellow like Obama expect us to believe that all we need to do is “communicate clearly to Muslims” that it is al Qaeda, not the U.S. and its allies, that brings “misery and death”? Does any informed person not know that the unprovoked U.S.-led invasion of Iraq killed hundreds of thousands of Iraqis and displaced 4.5 million from their homes? How is that for “misery and death”?

Friday, January 22, 2010

Not often I agree with Oba mama.....

The Supreme Court simply gave more power to the rich. They put together a "political action group " and spend until they get their way. Like competing Lords they bombard us with their message until the voters choose between one bought and paid for politician or the other.

The court overturned their own precedent to make sure. That should tell us something. The elites win. The key is to kick back and watch these gangsters cut each other's throat.

High court unleashes political ad spending - Washington Times
"With its ruling today, the Supreme Court has given a green light to a new stampede of special-interest money in our politics," the president said in a statement. "It is a major victory for big oil, Wall Street banks, health insurance companies and the other powerful interests that marshal their power every day in Washington to drown out the voices of everyday Americans."

Richard Briffault, a law professor at Columbia Law School, said it will be difficult for Congress to craft legislation to limit business spending, since most corporate law is written at the state level.

He also said it's not immediately clear how much will change in campaign finance, but expressed doubt about the dire predictions. He noted that about half of states had banned corporations from making independent political expenditures and half had allowed it.

"I don't think you could see one was demonstrably more politically free," he said.

Thursday's ruling does strike down state laws that banned independent corporate political spending.

Thursday, January 21, 2010

Did big media tell you this...

Of course not.

Replacing one Lord in Washington with another is more important. But remember no trucks, no food, no shit.

The Coming Economic Depression: 2009 The Biggest Collapse of Trucking Ever. To get Worse?
Wednesday, January 20, 2010
2009 The Biggest Collapse of Trucking Ever. To get Worse?
The American Trucking Associations' notes that in 2009 “the motor carrier industry has potentially endured the most severe drop in volumes ever.”

Lane Kidd, director of the Arkansas Trucking Association, agrees. He said most Arkansas-based trucking companies still operating were “significantly” damaged in 2009. He said they employ fewer people, have lower balance sheets and have incurred a lot of debt.

“There are a few exceptions, like (Fort Smith-based) Arkansas Best, which still has money in the bank.” Kidd said during a Tuesday (Jan. 18) interview.

Kidd has watched the trucking sector for 18 years, and 2009 was “easily” the worst in that time, with carriers suffering through a “slow, grinding squeeze on cash flow.”

The Arkansas association recently began calling about 250 small trucking operations in the state — typically firms with fewer than five trucks — as part of a membership drive. Of the about 170 calls made so far, 41% were no longer in business.

Wednesday, January 20, 2010

Something bizaar about Russians lecturing America...

They got rid of most of their gangsters who labeled themselves as the soviet government. All we do is replace one set (Dems) with another (Republicans.) You think we should tell anyone the difference between the politics Brown and Kennedy? Let me think.

Well one is dead. One was a drunk. One killed a woman and got away with it. One posed as the sexiest man in America and had his daughter appear on American Idol.

That's about all that matters in politics now days. Oh yes, they're both bought.

Mat Rodina
There is, yet again, something very Romanesque about the state of the Americans, their empire and their collapse. As the US continues to sink in its co-UK created economic armageddon, the ruling regime enjoys the fruits of its labour of looting and swindling. This is the great "Democracy" they sell us, overseas.

As the year ended, America suffered one of its worst months for employment. Sure, reading the official Ministry of Propaganda (so called free press) reports showed only a mere another 85,000 Americans as loosing jobs, or rather the work force shrinking by that amount, so it takes the UK Telegraph (America slides deeper into depression as Wall Street revels ) to report the real situation, that 650,000 unemployed were moved into a category named "No Longer Searching For Jobs". This is how the American regimes "honestly" tell the population that the unemployment rate is not going up and the lie they tell the rest of us, fortunate not to live under this deceit. This is the category that DC uses to dump the unwanted, unneeded and unemployable waste, its workers who no longer get government unemployment help and can go starve for all the elites care. After all, judging by the head lines out of DC, for the Haitians there is money, for their own unemployed, shelters and bread lines. This category has been growing by nearly half a million every month for the last year.

The hits kept on coming, too, for the former partiers of the American economic "miracle" of debt. Like a crippled Hercules, trying to lift a mountain of debt, or rather trying to keep it above their heads and from crushing them, the American populace continues to strain and tire and suffer, even as they deny reality while their legs sink deeper under their burden.

News came that inflation was really low in 2009, under 2%. Of course, the fact that salaries sank was not counted into that "fixed" model of inflation, otherwise the picture would not be so pretty. Outsourcing of jobs also accelerated, with predictions that up to 20% of the remaining jobs would still be outsourced, within the next few years. All hail the Marxist Free Trade. At the same time, news arrived that 1.4 million Americans went into bankruptcy last year, over a 30% jump from 2008. Food Stamps use, a form of government subsidy for food, was being given to over 10% of the population, with one third of the country's children living in the abject poverty it takes to qualify for the handout.

At the same time, a massive new wave of mortgage defaults in the resettling of exotic mortgages, continued loss of jobs and thus regular mortgages and a collapsing business/commercial real-estate market is just starting to break over the Americans and promises to be worse than the first wave.

To all this, the American military has increased its budget by some $100 BILLION from 2009's already mammoth $600 BILLION budget, more than every nation combined. And the people are continued to be led down the trail of slavery by their noses, in fear of being "invaded" or "attacked" while their sons sit in some 100 nations around the world, enforcing the Empire. Yet despite this giant spend on the military, families of US soldiers continue to have to buy body armour and other equipments and send them to their sons, since there are no funds for that armour and equipments, not after the elites and their companies get done pilfering the giant sum. Remember too, this does not include another $40 or so BILLION for the wars!

Equally, the evils of Wall Street, the pack of hyenas, the cabal of witches who brought us the lovely Soviet Revolution, the Great Depression, the Nazi take over, the rape of post Soviet Russia, the Asian Flu, (The Six Evils of Wall Street and the Suffering of Humanity) are now paying themselves $146 BILLION in bonuses, 8% more than the 2007 record, after stealing $700 BILLION from the American tax serfs, through bought and paid for farce of their so called "Democracy". That is some 20,000 people will be splitting $146 BILLION, or an average of $7.3 million each, for the people who are still laughing at all the Luciferien death and misery they caused by starting the lovely Great Depression II.

But best of all, it has now been brought out that the Obama Regime, much like Nero or Caligula, has been partying hard, with over 170 parties, receptions and big dinners, entertaining over 50,000 guests, flying in specialty chefs from around the world, all in this one year of power. That is, one party every two days. And the American serfs? They just bare it, grumble and pay their taxes, it si what they have been trained for. Oh sure, a bunch will get together here and there and wave signs and scream slogans for a few hours and then go home, feeling good that they did "something" and pat themselves on the backs for their "accomplishments" while promising to vote out the present elites and replace them with an exact same set from a different branch of the One Party Two Branch system. Someone famously called this: rearranging the deck chairs on the Titanic. And their so called conservative leaders on TV will tell them what great deeds they have done and how great they are, even as nothing changes and these so called leaders hustle books and t-shirts and caps to the impoverished but good feeling tax serfs. In other words, the bleeding continues.

So Yanks, you can take your so called Democracy, nothing more than pilfering of the people, and your Free Trade Marxism and go pound your heads into the wall. We do not want it, we do not need it and we will not have it. We will take our so called "pseudo" authoritarianism, mercantilism, and government that actually cares about us and we will grow, ignoring your "advice", kicking out your so called NGOs who promote nothing but this "Democracy" and vassalage to your empire and destruction of our Christian Orthodox faith and we will be on our separate way. Now if we could only get our Monarchy back too.
Posted by Stanislav at 12:53 PM

Tuesday, January 19, 2010

Dem's getting their asses kicked....

Who cares?  Because they are a little worse than Republicans? What a bunch of horseshit! People are just pissed at our bought and paid for Washington insiders. (Oba mama ran as a Washington outsider and that's why he won). So they run around and vote for anybody that isn't "one of them".

But you can't run and win in this country unless you are "one of them". You can't get the publicity. You can't get the money. And you can't get anyone to knock on doors.

You have to be bought!

Monday, January 18, 2010


What do polls have to do with it. Government doesn't work. Watch what happens, for instance, when we give Haiti a few more billion.


That country won't work any better than anything else these guys do. Pouring money into feel good projects is like "allowances " for spoiled teenagers. It makes you feel better that your being fair and responsible. The kid's still an idiot. Same with welfare. Handouts don't work. Government programs to cure social ills are doomed to fail.

But don't take my word for it just look at our cities. Or all of our largest states for that matter. will it ever change? Of course not.Therefor we can simply  expect more of the same.

All we have to do is figure a way to get in on the take while it last because bitching about it ain't working.

Poll shows growing disappointment, polarization over Obama's performance -
Nearly half of all Americans say Obama is not delivering on his major campaign promises, and a narrow majority have just some or no confidence that he will make the right decisions for the country's future.

More than a third see the president as falling short of their expectations, about double the proportion saying so at the 100-day mark of Obama's presidency in April. At the time, 63 percent said the president had accomplished a "great deal" or a "good amount." Now, the portion saying so has dropped to 47 percent.

Republicans are particularly critical of Obama's efforts in general and on big domestic and foreign issues. Just 20 percent of Republicans approve of his overall job performance, compared with 87 percent of Democrats. That partisan gap is bigger than any that Presidents Bill Clinton, George H.W. Bush or Ronald Reagan ever faced among the general public. It's about on par with divergent ratings of George W. Bush across his second term.

Saturday, January 16, 2010

What's in Haiti worth 100 million.....

The gang can't wait to throw more money down the rat hole in the Caribbean. Cheaper just to evacuate the dump and bulldoze it into the ocean. We could always sell condo space to the nitwits in Hollywood. Of course we then would have to guarantee the loans and make sure nobody made a profit. Except the Clintons, Gores, and various other criminals.

And let's not forget to include more tax gimmicks to "pay " for it.

Thursday, January 14, 2010

NO comment......

These fuckers are nuts!

You Know the Joke About “What’s the Safest Way To Fly to the Sun?” « Blog
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January 13, 2010
You Know the Joke About “What’s the Safest Way To Fly to the Sun?”
Posted by David Kramer on January 13, 2010 03:45 PM

Punchline: Fly at night.

In what looks like Part Deux of ‘Life Imitates Humor,’ it seems our man-made global warming scaremongers are actually starting to believe their own nonsense:

Emergency measures to slow global warming, such as a ‘solar shield’ to block the sun or artificial trees to soak up CO2, will be discussed at a ‘geo-engineering’ conference. [italics mine]

The summit of climate scientists, to be held in California in March, will examine drastic techniques for slowing climate change that are controversial and have been described as “geo-piracy”.

Among the possible measures to be discussed will be ocean fertilisation, which would see iron dumped into the sea to boost plankton growth, and artificial trees that use a chemical process to soak up CO2. Most techniques focus on ways of reducing the sun’s rays by blocking them using mirrors orbiting in space or by spraying sulphur compounds into the high atmosphere to reflect sunlight away from earth. One proposal is for a fleet of ships that would spray seawater into the sky that would leave behind salt crystals to brighten clouds, reflecting more sunlight back into space.

The conference, reported in The Guardian, comes amid concern that such techniques may be the only way to prevent average temperatures rising.

I have a much simpler way of preventing average temperatures from rising: understanding that the whole man-made global warming “theory” is just a lot of hot air.

Wednesday, January 13, 2010

Something wrong with sun.....

I simply dismissed "global warming" as a form of religious fervor a long time ago. I'm still reminded of the daily solar constant belief when I was in junior high which postulates that on any square meter of the Earth's atmosphere, the amount of sunlight doesn't vary from year to year. Therefor, if sunlight remains "constant" then ice ages or global warmings would seem to be a complete impossibility. Unless another ingredient is involved.

This brings us to co2 gas . Only co2 is in sufficient amount to affect the whole planet by acting as a blanket trapping heat or allowing heat to escape. This would imply that global warming or cooling  can only be caused by co2 levels fluctuating  in the atmosphere. Hence global warming theory answers a lot of questions about our planets history. Up until a few years ago, volcanoes being the main culprit. Now it's my Suzuki's fault. Why? Because too many of the "greatest minds in the country" hate "big oil". So any excuse to punish the bastards becomes more or less a crusade.

Sounds like good ol' religion to me.

 Of course, one must take into account that at one time the "greatest minds in the country" spent many a day debating how many angels could dance on the head of a pin. (Infinite. Or as many as you can find. Heh heh) That sounds suspiciously religious too, don't you think?

Anyways,  the sun doesn't appear to be co-operating and the "greatest minds in the country" are getting pissy:

Antarctica Water

Solar geomagnetic index reaches unprecedented low – only “zero” could be lower – in a month when sunspots became more active « Watts Up With That?
We then had a string of sunspots in December that marked what many saw as a rejuvenation of solar cycle 24 after a long period of inactivity. See December sunspots on the rise

It even prompted people like Joe Romm to claim:

The hottest decade ends and since there’s no Maunder mininum — sorry deniers! — the hottest decade begins

But what Joe doesn’t understand is that sunspots are just one proxy, the simplest and most easily observed, for magnetic activity of the sun. It is the magnetic activity of the sun which is central to Svensmark’s theory of galactic cosmic ray modulation, which may affect cloud cover formation on earth, thus affecting global temperatures. As the theory goes, lower magnetic activity of the sun lets more GCR’s into our solar system, which produce microscopic cloud seed trails (like in a Wilson cloud chamber) in our atmosphere, resulting in more cloud cover, resulting in a cooler planet. Ric Werme has a nice pictorial here.

When I saw the SWPC Ap geomagnetic index for Dec 2009 posted yesterday, my heart sank. With the sunspot activity in December, I thought surely the Ap index would go up. Instead, it crashed.

Monday, January 11, 2010

Gas prices up 20 cents......


Sometimes it really sucks being right. This county's unemployment rate hit 16.2% last month. Not exactly "green shoots." Patty and I right now are considered quite well off here. Strange, I don't feel well off. Who in this world would consider Walmart associates, "well off."

Of course, Oba mama and the gang are making plans to get the rest of our paychecks. I guess we don't really need the money since we don't vote for these assholes. When they get done we'll have to work another job just to pay all the new taxes they plan to pay for all the broke dick's insurance. (What other job?)

Oh I forgot, in Washington tax money comes from Heaven not from working stiffs. Since none of them ever had real jobs this is easy for them. Just screw rich people. Who quit hiring. Then these people without jobs quit buying at Walmart. Then I sit at home and quit paying taxes. Then......

Sunday, January 10, 2010

Just wait until we start collecting.......

I want every dime of my SS check. Every dime of Patti's. We geezers vote. We have guns. God knows how many wars we've been in. Our children and grand children own the military and they ain't too impressed with the bum fucks in government.

As I've been posting for awhile, the real crisis hits in 5 or 10 more years when we retire and demand ours. We ain't going to be happy.

Or nice.

Daily Digest - Daily Digest - January 6 - Jan. 6, 2010 | Blogs at Chris Martenson - Daily Digest, Economy, Energy
"The Social Security Trust Fund issued their November and December reports today. They also provided the payment data for January 2010. I think there is some significant information."

"There was a $100 billion surplus for the year. But compare that to the $190 Billion surplus in 2007. We have lost $90 Billion in just two years. But this number should be much higher than the 07 surplus. It was assumed that the Fund would have larger and larger surpluses for years to come. The 2008 Trustee Report (signed by then Chairman Hank Paulson) provided a set of Intermediate Assumptions for the Fund's surpluses looking forward. As you can see we missed the 2009 target of a $220b surplus by a cool $120 billion. As of 12/31/09 the funds assets are behind that 08 schedule by $155 billion."

Thursday, January 07, 2010

May you live in interesting times.....

Think the geezers will converge on Washington and kick their asses? Only be a 100 million or so living off of Social Security. Forget medicare. It'll be toast.

 Of course we'll all have those little electric scooters to run down Pelosi. God I'd pay money to see that!

The Coming Economic Depression: Retirement Crash For Years to Come
Retirement Crash For Years to Come
The Baby Boom officially begins crashing this year. Some Baby Boomers began retiring early, but the big retirement Crash begins now and will go on for many years.

This is a crashing demographic wave that is also a massive financial and economic crash. The peak income years of this large wave of Americans now suddenly and steadily drops for many years to come as more and more of them retire. Their disposable income and actual consumer spending will likely be far less than was expected a few years ago because of the massive drops in retirement savings and the soaring costs of health care which will demand far more frugal living than was true of their predecessor waves of retirees. This will be even greater as they suddenly realize that the Obama Central Plan for Medicare Cost Cuts will force them to pay far more of their own medical costs.

At the same time, this growing tsunami-crash of retirements will produce a soaring tsunami of government expenditures for Medicare/Medicaid, in spite of the cuts now in the works which are not remotely enough to cut the soaring overall costs of these vast programs.

And the growing wave of Baby Boom retirees will also produce soaring government expenditures for the vast Social Security payments, because the government has spent their "contributions" to the system and given the SS "Trust" non-negotiable bonds – IOU's that now come due to pay the soaring costs for these retirees. The government will be forced to borrow trillions more to pay for these costs at the same time its revenues are sinking and it is borrowing trillions to pay for other costs from the Great Financial Crisis.

Wednesday, January 06, 2010

May re-enter MBS market?.....

Millions of broke dicks are not...can not,  pay their mortgages. I wonder how these guys figure we can ignore trillions in foreclosures. Someone has to buy up these new bad loans that are backed by some banker's crooked imagination. I hope they can get away with it but I'm a tad skeptical

CORRECTED - Fed may re-enter MBS market later in 2010 - Market News | Reuters
NEW YORK, Jan 5 (Reuters) - The Federal Reserve is discussing re-entering the mortgage-backed securities market later this year if its buying power is needed to hold down interest rates, Market News said on Tuesday in a story citing Fed officials.

The $5 trillion agency mortgage-backed securities market may weaken when last year's biggest buyer, the Federal Reserve, ends its $1.25 trillion agency MBS purchasing program at the end of the first quarter of 2010.

Fed officials, however, "are prepared to contemplate changes if need be, depending on conditions in the economy, housing finance and in financial markets more broadly," Market News said in a story written by Steven Beckner.

"Among the options that has been discussed, say people in a position to know, is doing additional MBS purchases."

Monday, January 04, 2010

Patti goes back to work tomorrow....

Still have 3 thousand in doctor bills to take car of then 3 thousand in taxes. Need to keep our nose to the grindstone in order to pay off the home. Have a $200 a month car payment I don't want to take into my retirement in a 3 or 4  of years. Need to get the grandson out of high school then either get an RV or mobile in Florida. There are, at this time, a lot of good buys down there even though the lot rents are way to high. Time will tell if I go this route.

One shouldn't put to much faith in the bullshit the media, all corporate whores, have to say about the "recovery". A lot of shit has to be paid off and borrowing brought under control. besides, it will be a while before these debts to be completely monetized and then fire up inflation. I think my 5-10 year prediction is still right on.

In the meantime, watch the price of oil. Up big time will cause the old economy to tank again. Exactly what happened several times in the past. '72, '76' '86' '92 and especially '07-'08. One of this rip offs will just cause nationalization of oil companies like Russia's, China's,. Saudi Arabia, etc. Eventually we'll  have to take over another oil producing country.

Until someone nukes D.C. and we start a new country. Right?

Sunday, January 03, 2010

I got to start a church......

900,000 deficit for a fucking church. Sign me up! I feel a conversion coming on.

Pastor Rick Warren nets $2.4M after plea - Washington Times
LAKE FOREST, Calif. (AP) -- Evangelical pastor Rick Warren says his call for donations to fill a $900,000 deficit at his Southern California megachurch has brought in $2.4 million.

Warren announced the sum to cheers at a Saturday service, and said the total includes only money brought in person to Saddleback Church by New Year's Eve.

Warren called the donations "amazing" and says the church will start the new decade with a surplus.

Warren made an appeal to members on the church's Web site Wednesday, asking for donations to overcome a collections shortage.

Saturday, January 02, 2010

This is how the scam is working.......

Politically the Fed's have to take what' s considered "correct" actions or face electoral problems for the ruling elites lackeys. Running deficits scares the shit out of the average guy because doing so unchecked in his household leads to ruin. In government usage it simply transfers debt from one side of the accounting ledger to another.

For instance, my grandson, who lives with me, borrows money from me and buys a computer game  bringing  a little more wealth to my household. Even though it's a debt. When he pays it back no real change has occurred other than the increase in wealth. We now have a computer game. If he doesn't pay it back I have a deficit.

I still have the increase in wealth.

But if gives the game away in debt is where the problem lies as we've lost the asset and  and now show a trade deficit. If the party he gave or traded  it to doesn't reciprocate in kind we become poorer.

It's the same if the country runs trade deficits.

As far as we can tell right now the government has decided to buy or refinance every bad mortgage to re-inflate the economy but no real effort to improve our middle class which means manufacturing and selling to our creditors overseas. Until then, we're fucked!

As I've posted a time or two before:

The Automatic Earth: December 27 2009: Eyes wide open and pedal to the metal
But in case you were starting to think that we bring only sorrowful tidings, here's a ray of light for you. For Wall Street, things may not be all that bad. Not at all. The major US banks, as their European counterparts, have access to enormous amounts of funds (yours) at ultralow interest rates. All they need to do is borrow at one of the Fed windows, walk across the street (I know they don’t have to do that, but I'm going for the George Bailey era image here) and buy themselves some Treasuries.

In practical terms, say Bank (of) A borrows $1 billion at 0.25% from the Fed, and buys Treasuries that pay 5.25% (oh yes, we’ll get there, and beyond). All a banker needs to do is sit back, or play golf, and make 5%, or $50 million, on that $1 billion. Since it’s that easy, why not borrow, say, $200 billion, leverage that 10-fold, buy the $2 trillion in Treasuries, and make $100 billion just for sitting still?

Friday, January 01, 2010

See!.... what no more gun control gets...

Now the scum have to guess who's packing, heh heh.

By the way fuck new Years. Bring on new century again. This one kind of sucks.

D.C. homicides hit lowest level since '64 - Washington Times
The year is drawing to a close with homicides in the District at a 45-year low, reflecting a national trend that law enforcement officials are attributing to multipronged crime-prevention strategies that include advances in communication and coordination.

With just two days left in the year, according to preliminary numbers from the police department, the District has had 138 homicides compared with 184 at the same time last year, setting up the city to record the lowest number of homicides since 1964, when 132 were reported killed. Metropolitan Police Department officials attribute the decline to a "perfect storm" of crime-fighting strategies, including a new culture of communication within the police department.