Monday, January 31, 2011

An insider squeals.....

Not anybody can change the mess that's coming. Five or 10 years and the whole planet is wracked with the bust after a hyper inflationary boom.

That's the way it looks at this point. Will the gang in power last that long?

Who knows!

Mean while, our store sales still down a bit off of projections but the local economy is picking up as some hiring going on. Tax checks start coming in over the next few weeks should help. One thing for Patty and me  is that all our old debt is paid and we are now working on  the rest of our doctor bills . Any luck and those will be all covered by July. Then I gang up on the car payment so I can start shopping for my RV next fall for our retirement coming up in a couple of years .

Of course, if they close the Suez Canal then  gas hits 10 bucks a gallon or so  and all bets are off. We'll all have more important things to worry about like eating or freezing. I'm just glad there's a half dozen fishing lakes and a million deer and elk outside my front door.

But for most people living in more  civilized surroundings you'll have to eat Mexicans or maybe gold or something, LOL.

Anyways, I'm wondering that  if gold is such a great investment why is everybody on TV selling this shit, hmm?

The Solari Model - Total Economic Return at The Solari Report Blog
As I have described in recent posts, we live in an economy where access to and cost of capital of outsiders is controlled and manipulated by insiders–who are using the system to subsidize their own cost of capital and to rig returns on it.

Imagine if to buy a house or car, we have to borrow at steadily higher rates, while the people who deal drugs in our community have bought the local bank and run City Hall. They rig votes with computer voting machines and campaign financing. They can borrow for no cost, access insider information and then require full bailouts any time they say they made a mistake and are in danger of losing money on the uneconomic transactions they used to rig the game for themselves. They have a government budget to fund their attorneys targeting us in court or with dirty tricks, more dirty tricks and even more dirty tricks. Without representation, through banking policies that control our local currency and inflation of our food and energy and other costs, we have to pay the price of these bailouts to ensure they can succeed at rigging things against us. Pretty soon they own the whole neighborhood and no matter what we do, we are facing an Orwellian financial headwind. The harder we work, like a hamster on the wheel, the harder we have to work.

A detailed study of our time and energy shows that, a growing number of courageous early adopters aside, many of us are still supporting the insiders, or what I call the “Tapeworm.” Many of us are still banking at their bank. We are voting for candidates which propose giving them even more power over the flows of capital in our community. We are watching and buying their media. We are investing in their bonds and stocks. Our theory is that this will make us more money. For some reason, we believe our local grocery store, our local farmland, our local gas station, our local utilities will be worth more if we finance the Tapeworm’s ownership and control of them instead of our own. We believe that we are better off lending to each other through them, paying extraordinary fees and interest rates, on the theory that we are not trustworthy but, somehow, they are.

When someone proposes pulling capital out of large banking, corporate and investment intermediaries to instead own assets directly without the Tapeworm in the middle, there arises a great debate about how we should govern resources. Hence, the alignment of a wide variety of parties about how we could directly finance and govern our resources on a diversified, cooperative basis would significantly increase the resources we could shift in wealth creating ways.

For example, one set of alternative proposals says that making money is bad and that we should embrace not-for-profit models or reject money and financial tools all together. When you dig behind many of the people and groups promoting these models, they are financed by those who would love nothing more than for alternatives to not be financially sustainable, let alone attractive to the personal and family capital of those proposing it. This leaves alternatives financially dependent on foundations or governments and that means they can be controlled. This also leaves all financial capital in the Tapeworm — it having no other place to go. What better strategy for wining the cost of capital wars than to persuade your competitors to adopt self-immolating financial and investment models?

My response to ally Caroline Casey’s statement that a new world is percolating was “yes, but can we make it bankable?” The answer is, yes, of course we can make it bankable. Who is responsible to ensure that all of our resources are being optimized? I would suggest that we all are. The question is how do we break down that responsibility so that we can each do our bit? Popular support for holding investors responsible to understand and seek positive investor and total economic returns is an important step to making it so.

Total Economic Return

An investment’s return is its total economic return. This return can be positive or negative. It can be looked at and measured from various points of view. The first portion of the return is the return to the investor. The second portion of the return involves the return to all the other affected parties in the investment‘s ecosystem. We call the net return to all other parties the return to the network. So, for purposes of definition, an investment‘s return is its total economic return, which is divided into two portions: return on investment to the investor (first test) and return on investment to the network (second test). For a graphic description of this approach, see the flash presentation on the home page at Solari Investment Advisory Services, LLC.

Traditional fiduciary principles say that investors should optimize their risk-adjusted return to investor. Solari investment strategy agrees. Our goal is to see investors achieve the best returns possible. We support doing this by adding the second test as an essential source of strategic intelligence. Think of estimating and tracking returns to the network as an essential navigation tool for the investor.

In Solari investment strategy, significantly greater intellectual mastery of how to create the greatest total economic returns than traditionally required is used to reduce and manage risk and to generate sustained individual investor returns. The Solari investment model adds a new constraint - it is the surgeon‘s motto: “Do no harm.” In other words, use best efforts to invest in enterprises and activities that have a negative network and total economic return. While it is true that theoretically the traditional fiduciary model is supposed to hold to a constraint of the rule of law, simply ensuring that organized crime is profitably managed behind the veil of national security and law enforcement has rendered this constraint almost useless.

Standards of total economic returns necessitate that investors attempt to understand their ecosystem, including the “who” and “what” of the criminality around them. No one who understood total economic returns and followed this practice nvested in the housing bubble. The financial advantage of not being part of destroying communities was not losing money when the uneconomic game came crashing down.

Sunday, January 30, 2011

Obviously they need more unions ........

Got to keep the politicians in power, right? Who needs the roads plowed? Every time you drive by a road crew they're all standing around watching one guy work. But I don't want to sound mean to the politicians gravy train. The citizen living in these Hell holes deserve it.

Of course, only if they continue to put up with it.

Snowstorm leaves D.C. area feeling powerless - Washington Times
It’s not as if Washington-area officials and utilities were in the dark about the potential snowstorm, although many of their constituents and customers were in the dark Thursday, with thousands likely to remain without power through Friday evening.

Whatever could go wrong in the region’s first major snow dump of the year did go wrong, from traffic gridlock and extensive power outages to slick, snow-covered city streets that even seasoned mass-transit drivers couldn’t negotiate.

And nobody was spared — the mayor lost his power and the president got stuck in traffic. Jackknifed tractor-trailers, stuck buses and hundreds of abandoned vehicles blocked major roads and impeded snowplows well into Thursday.

Saturday, January 29, 2011

Pass the dipping sauce....

I thought this guy was to intelligent to be president. Of course, he does'nt stand a snowballs' chance but it still sounds better than Romney.

So far Oba mama's a lock!

Saucy ex-pizza CEO makes long-shot bid for presidency - Washington Times
Of the two businessmen likely to be in the field for the 2012 Republican presidential nomination, long-shot Herman Cain, savior of the Godfather‘s Pizza chain, makes the case that he is far more electable than former Massachusetts Gov. Mitt Romney, the presumptive front-runner in the race.

Mr. Cain, whose bid has generated a surprising buzz in conservative circles, said in an interview that he admires Mr. Romney‘s business acumen and supported the former governor’s failed 2008 bid, but Mr. Cain argued that he possessed a greater ability to connect with voters and make things happen.

“Romney is a successful businessman who made a whole lot of money, and my hat’s off to him. I like people to make money,” said Mr. Cain, whose varied resume includes a stint as chairman of the Kansas City Federal Reserve Bank, a widely praised turnaround job at the Pillsbury-owned Godfather‘s chain, a term as head of the National Restaurant Association and host of a radio talk show in Atlanta.

Friday, January 28, 2011

Oil was falling....

Time for a riot, right? Is Egypt the first in the are to go? Stay tuned.

Thursday, January 27, 2011

Remember...These are world leaders we are talking about..

Any questions on why the world's economies are fucked up? Oh! The Problems for Davos Wives and Scheming Mistressess
Anya Schiffrin, the wife of Joseph Stiglitz, spills the beans:

Of Snubs and Men

The point about Davos is that it makes everyone feel wildly insecure. Billionaires and heads of state alike are all convinced that they have been given the worst hotel rooms, put on the least interesting panels and excluded from the most important events/most interesting private dinners. The genius of World Economic Founder Klaus Schwab is that he has been able to persuade hundreds of accomplished businessmen to pay thousands of dollars to attend an event which is largely based on mass humiliation and paranoia.

Wives feel sympathetic to their husbands and share their pain. But we have our own problems to cope with. After all, we are the on the bottom rung of the Davos ladder.

The most revealing sign of our lowly status is that we are forced to wear the ultimate badge of shame — the white name tag.

Here is how it works: everyone at Davos has to wear a name tag and these are color coded by status/occupation (speaker, organizer, journalist etc). Usually these name tags include some kind of affiliation, such as the company or organization you work for.

Wednesday, January 26, 2011

Was Oba mama's lips moving last night?.....

Sure looked like it. Weren't they moving last year in another big speech? Maybe another 6 years will make a difference when he wins reelection.


All I know is we'll get a bigger better Amtrak out of it. We know how well that worked out, don't we?

Tuesday, January 25, 2011

What's the point?.......

Listing nut job shooters and trying to blame your political opponents is silly.

Proof: Oswald was a Commie and shot a liberal democrat.

John Wilkes Booth was a Democrat and shot a Republican president, Lincoln.

Need more?  Use Google for "left-wing assassinations."

Now read the following and try to figure what the Hell this has got  to do with anything.

FAIR Blog » Blog Archive » A Whole Lot of Lone Nuts
A Whole Lot of Lone Nuts
01/12/2011 by Jim Naureckas

Right-wing pundits have come out vociferously against the idea that they, their colleagues and the political movement they identify with have anything to answer for in the wake of the Tucson massacre.

David Brooks (New York Times, 1/11/11) asserted that "the evidence before us suggests that [shooting suspect Jared] Loughner was locked in a world far removed from politics as we normally understand it," rejecting as "vicious charges" the notion that the gunman "unleashed his rampage because he was incited by the violent rhetoric of the Tea Party, the anti-immigrant movement and Sarah Palin." George Will (Washington Post, 1/11/11) bitterly denounced the "political opportunism" of "charlatans" who subscribe to the "superstition that all behavior can be traced to some diagnosable frame of mind that is a product of promptings from the social environment." Charles Krauthammer (Washington Post, 1/12/11) insisted that "there is no evidence that he was responding to anything, political or otherwise, outside of his own head," marveling that those who suggest otherwise would make a charge "so reckless, so scurrilous and so unsupported by evidence."

It's comforting to think that evil-doers exist in a vacuum, and the evil that they do has no relation to anyone else. Dismissing Loughner as a lone nut, however, is much more difficult when one considers the startling number of incidents of political violence in the last few years. From a lengthy list of violent events and reckless rhetoric compiled by the Coalition to Stop Gun Violence, I've excerpted the cases that involved gunfire or other overtly deadly acts; the complete timeline includes numerous other episodes in which police disrupted violent plans before they were carried out:

July 27, 2008--Jim Adkisson shoots and kills two people at a progressive church in Knoxville, Tennessee, wounding two. Adkisson calls it "a symbolic killing" because he really "wanted to kill…every Democrat in the Senate & House, the 100 people in Bernard Goldberg's book," but was unable to gain access to them....

April 4, 2009--Neo-Nazi Richard Poplawski shoots and kills three police officers responding to a 911 call to his home in Pittsburgh. His friend Edward Perkovic tells reporters that Poplawski feared “the Obama gun ban that’s on its way” and “didn’t like our rights being infringed upon.” Perkovic also commented that Poplawski carried out the shooting because “if anyone tried to take his firearms, he was gonna stand by what his forefathers told him to do."...

April 25, 2009--Joshua Cartwright, 28, a member of the Florida National Guard, shoots and kills two Okaloosa County sheriff's deputies attempting to arrest him on a domestic abuse charge. Cartwright is killed in an enusing gun battle with police. Cartwright's wife reports that he was "severely disturbed" that Barack Obama had been elected president. Okaloosa County Sheriff Edward Spooner states that Cartrwight was "interested in militia groups and weapons training."...

May 31, 2009--Scott P. Roeder shoots and kills Dr. George Tiller, an abortion provider, in the foyer of Reformation Lutheran Church in Wichita, Kansas. The FBI lists Roeder as a member of the Montana Freemen, a radical anti-government group. In April 1996, he had been pulled over in Topeka, Kansas, for driving with a homemade license plate. Police found a military-style rifle, ammunition, a blasting cap, a fuse cord, a one-pound can of gunpowder, and two 9-volt batteries in his car....

Monday, January 24, 2011

That bitch!!!!.....

How could Sarah get all the way from Arizona to Connecticut?

Oh yea, Bush did it. Or maybe it was Limbaugh?

Man Stabs 4, Killing 1, After Fart Criticism - Gothamist
Man Stabs 4, Killing 1, After Fart Criticism

2011_01_fartstab.jpg A Bristol, Connecticut man is behind bars after a stabbing rampage that left one dead and three others injured at a party on Saturday night. According to the Hartford Courant, Marc Higgins "told investigators he became enraged because people were criticizing him for passing gas, police said... [He] stormed out of the party, came back armed with three knives and started stabbing people indiscriminately, according to court documents released Monday."

Higgins, 21, was reportedly "chastised...for being flatulent" by another person at the party, Stacy Buccheri. The pair got into an argument, and witnesses say that Buccheri slapped Higgins, " who smashed a beer bottle and then stormed out of the apartment. He returned about 45 minutes later, police said, and attacked several people on a porch with knives, including all four who were wounded." Matthew Walton, 21, died from his wounds while three others, ages 18-19, were treated for stab wounds. Higgins, who was described as "very drunk" at the party by witnesses, said that Walton was a friend and that he didn't target anyone specifically—he just started stabbing.
Contact the author of this article or em

Sunday, January 23, 2011

One old geezer they are afraid of.....

Remains to be seen how long the old man can last against the gang and their buddies in the media. or the nut jobs on the left with guns! Is This the Best the Fed Can Do in Its Defense?
Hobby makes clear right at the start this is about Ron Paul:

Defense of our central bank is imperative just now because the House Financial Services Subcommittee, which provides congressional oversight of the Federal Reserve System, has a new chair — U.S. Rep. Ron Paul, R-Lake Jackson. Paul is a frequent critic who has published a book titled End the Fed. Almost certainly, Paul will seek to make a fundamental inquiry into whether the United States will retain the ability to conduct monetary policy at all.

Then he says:

No one who studies the global economic issues today would forfeit this nation's ability to conduct monetary policy through a central bank.

This statement is simply factually wrong. Congressman Paul has certainly studied the issue and has not reached that conclusion, as have many economists, mostly from the Austrian school of economics.

I'm hoping Hobby isn't trying to be serious when he writes:

Part of the problem in this public debate is that few of us have much personal experience with, or perspective on, monetary policy. It is simply not a visible part of most people's daily lives

The problem is that most Americans have too much experience with the Federal Reserve through Federal Reserve notes that buy less and less food, clothing and gasoline every year.

A hint to Hobby, they don't riot in Third World countries over central bank created inflation because they don't have personal experience with inflation. It's very personal.

Hobby then tells us that the financial system went through a "near death experience" without once discussing the role of Austrian economists, before the fact, warning that such a crisis would come about because of Federal Reserve policies.

Saturday, January 22, 2011

keep your eye on these guys....

They've lied to us before. Not to worry, it's all Koom Ba Ya behind the scenes.

GOP panel maps plan for huge budget cuts - Washington Times
An influential group of conservative House Republicans issued a blueprint Thursday for slashing the budgets of PBS, Amtrak and the National Endowment for the Arts — and dozens of other government programs and agencies — in a bid to roll back spending and shrink the national debt.

The Republican Study Committee's (RSC) proposed Spending Reduction Act of 2011 calls for lowering federal spending by $2.5 trillion during the next 10 years, but it has little chance of becoming law in its current form. Nevertheless, the group's leaders say they hope their plan will influence lawmakers to rethink how they spend taxpayer dollars.

Friday, January 21, 2011

I told you they fear us.....

We have guns. We know how to use them. 100 million of us. The press gets us excited because a few paranoids afraid of their own shadow want to take them away. Or "regulate" us because we haven't shot anybody in our lives.

And never will!

It's a left-wing fantasy that has been laid to rest many times but still rears it's head.  People with guns are more dangerous than anything else in society. Unless you drink and drive. Or attack a cop. Or eat yourself to death. Etc etc. The same assholes that sell global warming, Palin shot the Congresswoman in Arizona, ozone holes, Alar in apples, yada yada.

The thing to remember is that the people doing the complaining do this for a living. Advocating gun control, environmentalism, global warming, global terrorism, gun nuts want us dead, whitey drugging the brothers, send the Mexicans home after they pick my tomatoes, and especially the aliens are coming and they look like the Republicans!

In the meantime, our dollar won't buy shit and we'll spend our children into the poor house supporting all these wacko ideas.

Let alone pay for all the broke dick geezers old age that own all these fucking guns!

Pajamas Media » ‘Common Sense Gun Laws’ Make a Comeback After Tucson Shooting
This is mainly because the majority of suggestions have included some mention of new gun control measures, whether they are tied to guns themselves or to the magazines used to hold bullets in semi-automatic pistols. Worst of all, these suggestions are being pawned off on the American people as a way for the government to keep us safe.

Have we not yet existed long enough as a nation to know that the government cannot keep us safe under any and every circumstance? Are we not lucid enough as citizens to know that any new government involvement in our lives will diminish our liberties, even if safety is the proposed aim?

Therefore, we should always be wary when politicians are quick to pounce on disaster for political gain as was seen in the aftermath of Tucson.

Since January 8th, members of Mayor Michael Bloomberg’s “Mayors Against Illegal Guns” (MAIG) have been among the most vocal pushing for new gun control legislation. One of the members of that group, Carolyn Comitta, mayor of West Chester, PA, said as much when she posited partial blame for the shooting on a “lack of common sense gun laws.”

Thursday, January 20, 2011

Get the idea?.......

Every one of these loans must and will be dealt with. Some will be paid off with other loans, some will be forgiven, and many will "disappear." This of course, takes a great deal of pressure off of the system and soon will lead to re-inflating the economy and kicking the debt down the road until the next crash.

Works every far.

10,000 GMAC Foreclosures Stopped in Maryland | FDL News Desk
In a major ruling Friday, a coalition of nonprofit defense lawyers and consumer protection advocates in Maryland successfully got over 10,000 foreclosure cases managed by GMAC Mortgage tossed out, because affidavits in the cases were signed by Jeffrey Stephan, the infamous GMAC “robo-signer” who attested to the authenticity of foreclosure documents without any knowledge about them, as well as signing other false statements.

The University of Maryland Consumer Protection Clinic and Civil Justice, Inc., a nonprofit, filed the class action lawsuit, arguing that any case using Jeffrey Stephan as a signer was illegitimate and must be dismissed. In court Friday, GMAC agreed to dismiss every case in Maryland relying on a Stephan affidavit. They can refile foreclosure actions on the close to 10,000 homes, but only at their own expense, and subject to new Maryland regulations which require mandatory mediation between borrower and lender before moving to foreclosure. Civil Justice and the Consumer Protection Clinic also want any cases with affidavits from Xee Moua of Wells Fargo, who has also admitted to robo-signing, thrown out, but that case has not yet been settled.

This was not the plan of GMAC and other banks caught using robo-signers last year. They hoped to undergo a pause in proceedings, run a quick “double-check” and then issue substitute documents in the same cases. That would have been a much more rapid solution for the banks and would have resulted in many more foreclosures. Now GMAC has to go back and basically file the entire case all over again, meaning they have to give notice of foreclosure to the borrower, engage the borrower in modification options, and basically run through the whole process from the beginning. They cannot use the shortcut solution, thanks to the class action suit filed. GMAC’s dismissal of every foreclosure in Maryland shows their doubts they would have won the class action.

Wednesday, January 19, 2011

Meeting of the world leaders....

with Hu and Oba mama. These guys will need the corporations to save their sorry asses. Oba mama has to keep bowing and scraping to stay in office after 2012.

I'm sure he will! Blankfein, Balmer to Meet w/Prez and Hu
Microsoft CEO Steve Ballmer and Goldman Sachs CEO Lloyd Blankfein will be among the corporate elite Preident Obama is bringing together today for a meeting with Chinese President Hu Jintao, Bloomberg is reporting.

Also invited to the meeting were:

General Electric CEO Jeffrey Immelt

Boeing CEO Jim McNerney

Westinghouse Electric Corp. CEO Aris Candris

Former Sybase Inc. chief executive John Chen

Coca-Cola Co. chief executive Muhtar Kent

DuPont Co. CEO Ellen J. Kullman

Cargill Inc. CEO Greg Page
Chairman of HSBC Holdings Plc’s North American division, John Thornton

Co-founder and managing director of Carlyle Group, David Rubenstein

Intel Corp. CEO, Paul Otellini

Dow Chemical Co. CEO Andrew Liveris
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Posted by Robert Wenzel at 9:12 AM
Labels: Tracking Goldman, Tracking the Corporate Elite

Tuesday, January 18, 2011

This is the shit that gets you killed.....

Proof is in the pudding. You fuck with the Empire and they bury you.

Even if they have to give you a holiday. But hey, we all need our heroes and fairy tales. How else do we keep the natives on the reservation.

 Besides welfare, drugs,guns and Jesus !

FAIR Blog » Blog Archive » The Martin Luther King You Still Don't See on TV
The Martin Luther King You Still Don't See on TV
01/14/2011 by Peter Hart

As we approach the Monday holiday, we're hearing a Pentagon lawyer suggest that Martin Luther King would support the war in Afghanistan. That makes it an ideal time to recall a 1995 column by FAIR founder Jeff Cohen and longtime associate Norman Solomon (Media Beat, 1/4/95). The full column appears below, and is archived here.

The Martin Luther King You Don't See on TV

by Jeff Cohen and Norman Solomon

It's become a TV ritual: Every year in mid-January, around the time of Martin Luther King's birthday, we get perfunctory network news reports about "the slain civil rights leader."

The remarkable thing about this annual review of King's life is that several years--his last years--are totally missing, as if flushed down a memory hole.

What TV viewers see is a closed loop of familiar file footage: King battling desegregation in Birmingham (1963); reciting his dream of racial harmony at the rally in Washington (1963); marching for voting rights in Selma, Alabama (1965); and finally, lying dead on the motel balcony in Memphis (1968).

An alert viewer might notice that the chronology jumps from 1965 to 1968. Yet King didn't take a sabbatical near the end of his life. In fact, he was speaking and organizing as diligently as ever.

Almost all of those speeches were filmed or taped. But they're not shown today on TV.


It's because national news media have never come to terms with what Martin Luther King, Jr., stood for during his final years.

In the early 1960s, when King focused his challenge on legalized racial discrimination in the South, most major media were his allies. Network TV and national publications graphically showed the police dogs and bullwhips and cattle prods used against Southern blacks who sought the right to vote or to eat at a public lunch counter.

But after passage of civil rights acts in 1964 and 1965, King began challenging the nation's fundamental priorities. He maintained that civil rights laws were empty without "human rights"--including economic rights. For people too poor to eat at a restaurant or afford a decent home, King said, anti-discrimination laws were hollow.

Sunday, January 16, 2011

Well...Still time.....

Casey: It'll Be Unstoppable, the Speed of It Will Leave Most People Waking Up to the Danger After It Has Already Happened
Doug: You know I’ve been saying for years that the coming crash is going to be even worse than I think it’s going to be. The correction in 2008 was very scary, but minor by comparison. A warmup. Minor trembling in the ground, just before Krakatoa blows.

That the world financial system will have to face a reckoning day has been pretty much a given since the U.S. took the dollar, the world’s reserve currency, off the gold standard. Since then, decades of profligacy, not just in the U.S., but all around the world, have distorted the global economy to the breaking point. It’s only lasted as long as it has because of the great increases to productivity the computer and other wealth-creating technologies have created, and the fact that many individuals still produce more than they consume and save the difference – even as governments have stepped up their efforts at wealth confiscation.

I thought things might go over the edge in 1980, but I was early. I underestimated how much wealth there was left in the world for the politicians to plunder. But now, while there is more physical wealth in the world, in the form of factories, homes, powerful technologies, etc., there is also massively more debt. Governments – first-world governments, not just banana republics – are sliding towards default, and in the West most individuals have little or no savings. In the East, many have savings tied up in a deflating gargantuan real estate bubble.

For all the reasons we’ve discussed in many different ways, the Greater Depression we’re sliding into is going to be catastrophic for the old world order.

Uneconomic patterns of production and consumption are going to be liquidated – they have to be – and that’s going to smash a lot of people’s rice bowls. In today’s richest societies, people won’t be able to move back to the family farm the way they did in the 1930s; there’s no farm left in most families. There’s not even that much family left in many families – instead of extended families that care for their elders, who educate the young while the able-bodied adults work, we send our elderly to fade away in institutions and our young to be indoctrinated in other institutions, and we barely know what our brothers and sisters are doing, let alone our other relatives. What happens to the huge masses of such people when unemployment benefits can no longer be extended?

Saturday, January 15, 2011

Ah.....Welfare for the rich.... Profits for President Obama's 'Favorite Banker' Jump 47%
J.P. Morgan Chase has reported fourth-quarter net income came of $4.8 billion, or $1.12 a share. That compares with net income of $3.3 billion, or 74 cents a share, in the year-earlier period, an increase of 47%.

JPMorgan is run by Jamie Dimon, a frequent visitor to the White House and Treasury. He is also considered President Obama's "favorite banker". Dimon's right hand man, Bill Daley, has left JPMorgan to run the White House, as the President's chief of staff.
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Friday, January 14, 2011

Which ones are which this year?......

I have trouble keeping them apart. Is the Donkey are Republican or is the Elephant? That's about the only difference between them. Hell just look at Oba mama's record.

Not one campaign promise kept. Not One!

The mystery is why conservatives keep voting for them. Of course, liberals keep voting for Democrats and keep getting Republican policies but they enjoy corporatism because it's the the only system that they can manipulate with political bribes.

Lying Republicans « Blog
Posted by Lew Rockwell on January 7, 2011 03:36 PM

I saw clips from an NBC interview with neocon John Boehner. It was hilariously awful. He responded to a question, almost pounding his chest, that no part of the federal budget should be off the table for cuts, including DOD and DHS. But when asked to name one program that he would cut, he stumbled and wouldn’t. That is because the Republicans have been the Party of Big Government since Lincoln. The rest is eyewash.

Thursday, January 13, 2011

Who are the 28% that believe the shooter was political?...

Liberals, of course. Everyone of them knows it's Sarah Palin's fault.

Or it should be. Just ask them.

By the way, how come it's only Dem's that get shot up? Maybe it's a G.O.P conspiracy trying to stop the Alaska Mafia from taking over their welfare queens. LOL Most Voters View Arizona Shootings As Random Act of Violence, Not Politics
A new Rasmussen Reports national telephone survey finds that just 28% of adults say the shooting in Arizona by Jared Loughner was the result of political anger in the country. Fifty-eight percent (58%) say instead that it was a random act of violence by an unstable person. Fourteen percent (14%) are undecided.

Well, it's good to see that 58% of the people can recognize a nutjob. But, how can 28% of the people think this guy was making a political statement? And how can another 14% admit they are clueless?

Wednesday, January 12, 2011

Ah.....You think it won't happen?.....

The debt has already been committed by the last Congress' budget that just got signed. So the new Congress after bitching and moaning, let's not forget all the empty promises to cut spending, simply means the  debt ceiling gets raised.

Then next year, this Congress will be able to raise it because the voters will be given something else to worry about.

As I've been posting for the last year or so, somehow, someway, or by somebody the banks bad debts have to be paid off. They are not going to take the hit as long as they own the world.

You do realize they own the world, right?

They have since mankind has discovered money. Where would our civilization be with bank lending? It wouldn't be pretty! 

Hey, just look at the top advisers to all the world's governments Notice that there ain't no Walmart greeters, fast food servers, bus drivers, factory foremen, mechanics, or any other working stiffs, right?

No just bankers!

Will Raising the Debt Ceiling Bail Out the Banks, Again? | Greg Hunter’s USAWatchdog
This Week,” if it was not raised, the “impact on the economy would be catastrophic . . . “If we get to the point where we damage the full faith and credit of the United States, that would be the first default in history caused purely by insanity.”The debt ceiling currently stands at $14.3 trillion and has been raised nearly every year since the beginning of the new millennium.

I received an email from one of my regular readers concerned and confused over the alarming statements by Goolsbee. The reader who goes by the initials “NM” asked, “So, is he saying that if we can’t go deeper into debt we will default? i.e. the minute America can’t borrow more money, it will default on its debt obligations???? It doesn’t make sense. How many times are they going to keep raising the debt ceiling?” NM seems to have asked all the right questions. Yes, Goolsbee is saying the U.S. will default if we do not go deeper into debt. And, no, it really doesn’t make sense to regular people like you and me. As far as the question, “How many times are they going to keep raising the debt ceiling?” for that answer, I turn to Bill Gross, the founder of PIMCO, one of the world’s largest bond funds. On CNBC last week, he said, “We have a deficit in the $1 trillion plus arena, which means we must borrow at least a trillion dollars additional a year in order to fund the deficit. And, so, the debt ceiling currently at $14.3 trillion, which is 95% of GDP, has to go up by another trillion or so every 12 months.”

Tuesday, January 11, 2011

I've posted on this before.......

I'm not much for conspiracies. Most groups accused of it are to stupid, greedy or narcissistic to pull it off. It's really that our gang running are  Empire  are born into it. They live within it. All their friends, spouses, supervisors, business partners, everyone they know believe they same shit they do.

They think that they are special!

And right now they are right!

oftwominds: No Wonder We're Failing: Our Power Elites' Sole Expertise Is Being Privileged
The Power Elites are not monolithic: there are three distinct layers, each with its own defining characteristics.

Correspondent Judy T. recently recommended an extraordinary essay on the education and grooming received by the Political and Financial Power Elite: The Disadvantages of an Elite Education by William Deresiewicz.

I have roughly excerpted this long and important essay below.

In essence, Deresiewicz suggests that the Elite youth being groomed at exclusive Ivy league universities--an Elite education--are functionally incompetent in the real world and only skilled at a superficial facsimile of "independent thought" which is merely a higher order of groupthink and its attendent obedience.

Deresiewicz is addressing the privileged-by-birth/class Elite which is being groomed for positions high up in government, law and finance--the working Elites of the American Empire who make the decisions which impact billions of people.

A much thinner layer of Elites have little real power but plenty of wealth. These are the entrepreneural Elites glorified by breathless articles such as The Rise of the New Global Elite (The Atlantic).

This perspective takes the examples of Bill Gates (co-founder of Microsoft, Mark Zuckerberg (founder of Facebook)--both children of privilege, we note--and a handful of hedge fund managers and other super-wealthy players as proof that meritocracy is still the great leveler, and that hard work and innovation now pay off more than ever.

This article claims that a "winner take all" economy is rewarding the wealthy because the wealthy are smarter, more innovative and harder working than the average bear, and so income inequality is the outcome of this.

This argument is higher-order propaganda: by establishing a superficially undeniable case that a handful of super-wealthy individuals has earned their great wealth rather than inherit it, then the argument is extended to cover all positions of wealth and power: it's all, ahem, "earned."

But as Deresiewicz scathingly delineates, the vast majority of the Power Elites in government, finance and global corporate leadership are trained to a mediocrity which they have been groomed to accept as excellence.

Monday, January 10, 2011


Year-month-day-hour-minutes-seconds. Happens once two times a day every thousand years (A.M, P.M). Next thing you know some one will blame it on the stars, Jesus or aliens. Hmm.... time to write a book and scare the fuck out of the usual silly bastards who believe anything if told often enough.

Remember it's Bush's fault!

Oh yeah, I'm publishing this post  it at 11:11 just to be sure. LOL.

Signs of recovery around here?

Even though our sales were down Xmas week by 29% foot traffic has picked up as bargain hunters are out in droves. Some hiring in the last couple of weeks, including a guy I know got hired on at a local saw mill which was practically closed a few years ago. My son's company brought back their first shift form Xmas and have some orders so we'll see how it works out getting him back to work.

I still think everybody's waiting for Washington to save them. For a while, they will be right. Then?

Sunday, January 09, 2011

Why am I betting the cycle will continue.....

History repeats itself my friend. It surely does. We never learn. Collectively we are insane. 10000 bloomers just turned 65 yesterday. Soon it will be millions of us on Medicare and Social Security mixed in with the WWII generation and let's not forget we rule the congressional races as long as they hold them.

Somebody will pay us to sit on our asses and play bingo! Better hope the next boom starts soon and last 30 years or so!

Or we find another oil producing country and grab the oil. O.k. maybe both!

Saturday, January 08, 2011

It's a start......

We need more write offs and loan forgiveness because a million more bad mortgages  come due this year. Those loans need to be reset somehow. As soon as the mess is settled, one way or the other, the economy will turn around in a hurry.

Expect even more signs of  inflationary boom later in the year and especially next year because Oba mama needs to win reelection. Something that should be a guarantee if my prediction come true as trillions come home from overseas thanks to renewed faith in fiscal conservatives restoring budget sanity in Washington.

Of course, it won't last as expenses will pile on as we retire by the millions and start drawing full Social Security and Medicare in the coming years. You'll hear nothing but budget cuts for the foreseeable future and a scramble for your dollars to pay for it.

Be prepared it's in the cards.

Mass. court rules against banks in pivotal mortgage case - Washington Times
BOSTON (AP) — The highest court in Massachusetts ruled against U.S. Bancorp and Wells Fargo & Co. Friday in a widely watched mortgage foreclosure case that could have serious implications for the nation's largest banks.

The Supreme Judicial Court affirmed a lower court judge's ruling invalidating two mortgage foreclosure sales because the banks did not prove that they actually owned the mortgages at the time of foreclosure.

Last fall, the banking industry's foreclosure machine came under intense scrutiny with the revelations that low-level employees called "robo signers" powered through hundreds of foreclosure affidavits a day without verifying a single sentence. At the time, analysts warned that the banks' allegedly fraudulent document procedures could imperil their ability to prove that they owned the mortgages.

The Supreme Judicial Court found that the banks, who were not the original mortgagees, did not make a required showing that they held the mortgages at the time of foreclosure. As a result, the court found, the banks did not demonstrate that the foreclosure sales were valid to convey title to the properties.

Friday, January 07, 2011

Greedy insurance companies?.....

I think one way or the other they'll get all of the money. But they only highly influence half of Congress. Wall Street, which buys every politician not tied down, owns the rest.

Yes, this means the new Republicans too.

Of course, if the economy doesn't pick up it won't matter as we'll all be to broke to buy insurance anyways. All in all, it remains to be seen how the government is going to pull it off but that's the way to bet.

We've been in boom and bust since we got off the gold standard and it's getting more volatile as oil prices are being manipulated. There's no mechanism to regulate printed money so the values are being manipulated by one  crooked regime after another. Expect trillions of dollars to be pour into the country as "creeping socialism" is defeat by the fearless Republicans and Oba mama tells his rabid left wing base that there is nothing he can do about it because he doesn't have the votes....Blah blah blah.

You know the drill.

Blue Shield of California seeks rate hikes of as much as 59% for individuals -
Another big California health insurer has stunned individual policyholders with huge rate increases — this time it's Blue Shield of California seeking cumulative hikes of as much as 59% for tens of thousands of customers March 1.

Blue Shield's action comes less than a year after Anthem Blue Cross tried and failed to raise rates as much as 39% for about 700,000 California customers.

San Francisco-based Blue Shield said the increases were the result of fast-rising healthcare costs and other expenses resulting from new healthcare laws.

"We raise rates only when absolutely necessary to pay the accelerating cost of medical care for our members," the nonprofit insurer told customers last month.

In all, Blue Shield said, 193,000 policyholders would see increases averaging 30% to 35%, the result of three separate rate hikes since October.

Nearly 1 in 4 of the affected customers will see cumulative increases of more than 50% over five months.

While most policyholders received separate notices for the successive rate hikes, others were given the news all at once because they had contracts guaranteeing their rate for a year, Blue Shield spokesman Tom Epstein said.

Thursday, January 06, 2011

The economy needs savings to rise......

More evidence of the next and probably last boom I've been telling you about. Too bad this won't last as a spending frenzy will develop over the next few years as all that cash printed up by The Fed has to find a place to land. Expect the Republicans to nick away at deficits but not much will change. Government spending rules our world for the foreseeable future as the final collapse comes within our lifetime.

Remains to be seen if the Repubs get a shot at destroying or at least beating the public unions down. I'm not holding my breath. 

It also remains to be seen how long we can keep this quantitative easing up before it spirals out of control and inflation bites us in the ass. We now support most of the world with our money. China collapses without our importing their trinkets and worthless electronics and they starve without our food which is booming in price. And don't get me started on our other creditor, Japan, which is a basket case waiting to tip over.

A printing press boom now known as "quantitative easing" will eventually consume the world in debts and put enormous pressure on governments to maintain order. Expect more riots and murder. Oh yeah, poor people lose their remaining health benefits as no doctor can afford to treat them at a loss and stay in business. Of course, everybody is just "greedy" and needs government to step in and punish these people. Expect the police state to accelerate everywhere.

We'll definitely need a war to keep the elites in power. Works every time!

Stay tuned!

New Study: Bank Deposits On Rise
Why are consumers ignoring low interest rates and plowing more and more cash into bank deposit accounts? Part of it is uncertainty – Americans are really unsure where the economy is headed, so putting money away for a rainy day seems like a good idea. When Americans are anxious about the economy, more money goes into fixed-rate investments (like banking accounts) and less into riskier ventures like the stock market.

Consumers are also concerned about paying down debt. In 2009 and 2010, Americans have paid down $1 trillion in debt, according to the Federal Reserve Bank of New York. Having more money on hand to pay down credit card debt has become a big priority for U.S. consumers. So not spending the money, and instead pouring it into bank accounts to pay bills, is certainly a reflection of the “New Normal” economists are talking about.

Is your New Year’s resolution to pay off your credit card debt once and for all? offers three different strategies to paying off credit card debt — pick the one that’s right for you.

However, all that saving may not be helping the economy in the short term. Economists would love to see more consumers out there spending rather than saving. But over the long haul, the newfound respect for the traditional bank deposit account could show that Americans are finally mending their wicked financial ways.

Image by mccmicb, via Flickr
Brian O'Connell

Brian O'Connell is a Doylestown, Pennsylvania-based freelance writer with 15 years experience covering business news and trends, particularly in the financial, health and sciences, political and career management sectors. He is a former Wall Street bond trader; an author who’s placed two finance/investment titles in "The Book of the Month Club" and he's a business writer whose byline has appeared in dozens of top-tier national publications, including The Wall Street Journal, CNBC, The, Yahoo Finance, CBS Marketwatch, and many more.
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Tuesday, January 04, 2011

Did I tell you the boom is coming?....

Wait til the big boys get their tax break to repatriate all that cash sloshing around the globe.

Boom time baby!

2 trillion in cash coming back to the homeland to pick up all the bargains laying around. Nice, huh? Or just a coincidence that this will happen? Of course, this doesn't mean it will last or that it will help the little guy. But it will definitely help Oba mama if it happens on time.

Too bad it will only be temporary like TARP was and all we'll hear about is inflation inflation inflation.


Factory outlook bright after 17 months of growth - Yahoo! Finance
WASHINGTON (AP) -- Factories are cranking up production, anticipating greater spending by consumers and businesses in 2011. Tax cuts will give people more money to buy cars, computers and electronic goods, and provide incentives for businesses to invest in equipment.

Manufacturing activity has expanded in every month since the recession ended a year and a half ago. The big difference now is that the growth is being driven by higher sales and more confident consumers-- not just businesses rebuilding the stockpiles that they slashed during the recession.

Steady hiring is likely to follow.

Monday, January 03, 2011

This guy must be reading my blog....

It's a gang all right. But don't expect any changes. It will only get worse as the Moslems fight us on our own shore to get us out of their back yards.

Maybe they nuke the oil fields! Wouldn't that be the shits.

Activist Post: Let's Reclaim History As We Go Into 2011, And The Unknown Future
We're led to believe that the United States government is a positive force in the world but this is not true. I'm not saying it couldn't be in the future, in fact, once there is a regime change in Washington, America will become the greatest country in the world again, but as it is now, the deceitful and manipulative leaders in the CIA, the Federal Reserve, the White House, the State Department, and the Pentagon are the most destructive force in the world, and pose the greatest existential threat to human civilization, and world peace.

This is not an American government that the American people elected. It is not a government at all. It is a gang. And this gang which runs Washington is bipartisan, unethical, and treasonous. They are engaged in a grand conspiracy against freedom, peace, America, and the world. No doubt, if the true defenders of freedom and peace emerge victorious against this criminal gang, there will be public executions on Pennsylvania Avenue in the decade ahead.

All this is overwhelming, and scary. Nevertheless, it is true. The historical reality that the world must learn to accept, especially the American people, is that the American government was hijacked from the inside by right-wing fascists and oligarchs over the course of many decades, starting in 1913 with the creation of the private Federal Reserve Bank that has the monopoly of credit, followed by the establishment of the National Security State in 1947, the history-changing assassination of President John F. Kennedy in 1963, and finally, the government-engineered attacks on September 11, 2001. These four events stand out in my mind as the major turning points in the last hundred years of American history. What was once a great and mighty constitutional republic was transformed into a dictatorship, a global killing machine, the bully of the world, all the while posing as the white-hat defender of democracy and freedom.

This new history is not all that hard to come to terms with after we take some essential first steps into topics like the JFK assassination and the 9/11 truth movement. Learning about new spheres of knowledge, history, and reality is similar to discovering new lands. Both are journeys into the unknown. Pioneers of thought and discoverers of previously uninhabited places share a lot of qualities with each other. Both take a great risk with their whole being, not just their reputation, and once they're successful in their exploration of new ideas and new lands they give something new to humanity.

As a culture we have lost knowledge about the substance of history, who shapes history, who tells it, and why they tell it a certain way. Winston Churchill said “History is written by the victors.” Victors can be whole nations, or they can be certain factions within a particular nation like oligarchs, industrialists, and financiers, or the people at large. When America won WWII, American soldiers received new homes and new loans to go to school, but American oligarchs got an empire. Who was the true victor, then? Obviously, it was not the American people. They were lied to a generation later by their highest ranking leaders about a new war in Vietnam that didn't need to be fought. Such grand deceit and government lies about war has been part of American politics from World War II up to now.

If we want to recapture the history of the last century we must realize that history is not a sequence of events that proceed unrelated and unconnected. History is cause and effect. The murder of John F. Kennedy meant the war in Vietnam could be expanded, and the CIA would remain intact and powerful enough to influence world events. That is how history flows. What matters is not popular vote, but the perception of any given event, and the understanding of history.

History is full of visionaries like JFK, Martin Luther King Jr, and Robert F. Kennedy who are killed by the status quo of their era. Understanding why these three men were killed is not rocket science. They were the true voices of freedom and peace, and because of their influence in society and capability to sway public opinion they were assassinated. History is filled with the dreams of oligarchs, populists, radicals, psychopaths, revolutionaries, visionaries, and peacemakers. Sometimes men of good will triumph, and sometimes they don't. In one era people witness the birth of a new nation, and in another era people witness revolutions, coups, and other kinds of national transformations.

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10 New Year's Re-Solutions For Non-Violent Rebellion

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Posted by Activist at 6:27 AM Labels: Activism, American Revolution, Fascism in America, Federal Reserve, national security, Second American Revolution

Let's Reclaim History As We Go Into 2011, And The Unknown Future

Ld Elon said...

The greatest thing about america, is its battle ground, seriously, which army of the world wouldnt wish to train there in a time of war.
Thats to say, the fight the public would give would be of thee highest training battle ground.
So yeh keep thinking your way, cause look what your headed for.
Go on buy more guns, keep thinking like you do.
December 29, 2010 7:48 AM
Mike said...

M. L. King a visionary? Did he not have support of the Communist Party? Was he not a plagiarizer, which I see as a fraud? What about all the evidence of his adulterous behavior? Why are the FBI files on him closed? The man was no saint, and definitely not someone I would look up to! Both Kennedy's had their share of "hanky panky", but they fought the system which has engulfed us now.
December 29, 2010 8:00 AM
Tribeseeker said...

Though I agree with many things in this commentary, the core premise seems to assume quite a lot. "...once there is a regime change in Washington, America will become the greatest country in the world again..." certainly assumes that America WAS the greatest country in the world to begin with. This assumption is sadly as distorted as the other distortions that the commentary points out. I guess it would depend upon what we call "the greatest country in the world". American certainly is, and has been the most powerful country militarily. Does that make it the greatest? With the exception of only 2 years, America has been at constant war, officially and unofficially, since it's inception as a country. So I guess we could safely say that "American is, and always has been,the greatest country at waging war on other countries." But it will take a lot more than a regime change to change that fact. Pretending that America isn't communist, or it's government is benevolent in its intents remains a lingering distortion. The entire mind-set of the people has to change in order for a REAL correction to be made. I'm talking about a paradigm shift in consciousness.

And for the record Mike (the last poster), I believe MLK fought the same system that the Kennedy's fought. Wasn't that the same system that condoned racism and segregation, Jim Crow "laws", and slavery? His FBI files are closed on him because those files implicate the FBI in his assassination. Same reason why JFK's files are closed. And how do you see receiving support of the Communist Party anti-visionary in a country that fulfills all 10 planks of the Communist Manifesto? Doesn't "what you do with that support" make all the difference? After all, at one point Nazi Germany received the support of the American government. Did that make Nazi Germany a great, democratic country?
December 29, 2010 9:01 AM
Anonymous said...

The chinese are SMARTIES they knew how to deal with their "GANG of FIVE"
December 29, 2010 9:40 AM
Anonymous said...

I second the condemnation...
Peace and prosperity, in-spite of them all.
December 29, 2010 12:21 PM

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Ruthie Hendrycks (c)copyright 2011 All Rights Reserved Note: Ruthie will be joining Truth Squad radio on Thursday nights beginning February 3rd. _______...
Philosophers stone
ENOUGH! A video by Jay4louise COME ON … A NEW YEAR – A RENEWED EFFORT Jay4louise you are doing a fantastic job, mate, and it is much appreciated. P.S.: I l...
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How government’s constant excuse of protecting “national security” makes us less secure and harms the nation.
The Muffin Post
The Jerusalem Post Chile and Uruguay will soon join the ranks of South American countries recognizing a Palestinian state within the 1967 borders, Israel R...
Hail to the Thief: The New York Times Defends Mikhail Khodorkovsky - by Stephen Lendman On October 25, 2003, Khodorkovsky (below called MK) was arrested fo...
The Truth
The following list was compiled by "Major Carpenter", a great friend of the site. I think that you will really enjoy what he has put together. The truth is...
S. Paul Forrest: Don't Mistake Fascism for Patriotism
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"* Government officials told the newspaper that the witness was a drug user."* Read more here ----- Note: ...and that is why the witness is not to be belie...
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Painting by Anthony Freda: www.AnthonyFreda.com2011 is the Year of the Rabbit in the Chinese system. Rabbits are supposed to be reflective. While we need a...
Erstwhile Urban Wanderer
January 1, 2011 – What makes some people feel that they have a right to “look after” the rest of us? By Dave Eriqat I don’t recall being asked if: I wanted...
Injustice Everywhere
The polling is closed and the results of our reader’s votes have been tabulated in our Worst Police Misconduct Videos of 2010 Reader’s Poll. This is the ...
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[image: Euro Debt Snow by Paresh Nath, The Khaleej Times, UAE] By Gonzalo Lira This week—what with Christmas on one end and the new year’s celebration on t...
A Voice In The Wilderness
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NWO Observer
Part 1/2 Part 2/2 Related (by Prof Antony Sutton): VIDEO – Interview – Professor Antony Sutton on the Skull and Bones secret society FREE BOOK ONLINE – A...
Who would have thought that the biggest story of 2010 would turn out not to have been broken by "the newspaper of record," but a motley assortment of new ...
By Dana Gabriel In the last year, the bilateral process has been the primary means used to advance North American integration, which has drawn little atte...
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Please Visit Our New Website @ by Keith Johnson The next time the CIA comes up with another Osama bin Laden videotape, you migh...
The Progressive Mind
I Will Not Participate In the Journalism of Appeasement Posted on [...]
Land Destroyer
When you speak the truth, your words will ring with relevancy through the halls of time. Texas Congressman Ron Paul gave an interview in 1988 during his b...
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A Special Report on the BP Gulf Oil Spill By Dr. Tom Termotto It is with deep regret that we publish this report. We do not take this responsibility light...

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Sunday, January 02, 2011

A real problem to worry about.....

I've only seen a couple of wild bees up here in the last 3 years. I do know that my garden didn't do so well last year maybe that's why. As far as commercial farming up here, the big crop  is growing  hops for beer making and if the  bees disappear no beer.

I guess that would get their attention, right ?

News on Colony Collapse Disorder, the latest on bee disappearance and declining bee populations
Across the United States and around the world, the honey bee populations are mysteriously vanishing. Honey bee colony losses are not uncommon, however, this sort of disappearence is unprecedented. This honey bee colony loss is due to uncharacteristic bee behavior: bees are failing to return to the hive.

Is it an unparalleled natural rythmic ebb in the honey bee population or a portentous prophetic warning of a failing ecosystem? Solving this mystery could have far-reaching effects.

Their decline should draw focus to the critical role the honey bee plays in our food chain and the impact their loss will have on our ecology and economy. As of now, there are several theories posed to explain what has been termed "Colony Collapse Disorder" (CCD).

This site's aim is to keep up with the latest news findings in the U.S. and from around the world on the rapid honey bee population decline; will provide a knowledge environment for honey bee basics, and will serve as an information resource for beekeepers and hobbyists alike to hopefully increase the honey bee population through best beekeeping practices.

Saturday, January 01, 2011

Don't'll get worse for geezers....

Pensioner insolvency rises fastest as baby boomers struggle to pay off debts - Telegraph
A record 15 people entered insolvency every hour in 2010, as the total number of people filing for bankruptcies, IVAs and Debt Relief Orders reached around 135,000 – up from 2009’s high of 134,132 – RSM Tenon said in a report on Friday.

Pensioners, although they made up less than 4pc of the total, now form the age group that is seeing the highest growth rate for insolvency, with a 14pc rise that RSM said could point to a worrying trend.

"This is the first generation of people who have been used to carrying debt," Mark Sands, RSM's head of bankruptcy and personal insolvency said.

"They’ll take out a new loan to pay off the old loan and to tidy up their credit card, and it just carries on."