Monday, October 31, 2011

This is a serious scientific article.....

And people wonder why I'm skeptical of Evolutionary Theory. Just read this whole thing and you will see someone trying to make a case for life acquiring characteristics in virtually overnight circumstances and retaining them.

But no proof other than Evolution must have happened so the only evidence considered has to fit into the theory.

Now will someone explain to me why this is any different than Bible thumpers quoting genesis! 

Mountain beavers evolved thicker teeth to eat volcanoes
It all goes back to those teeth. The mountain beavers have hypsodonty, meaning their teeth are high crowned and extend way past the gum line. This, along with the extra thickness of the teeth, provides a lot of room for extra wear and tear. It's a feature that cows and horses have evolved to deal with the relatively gritty, fibrous material - grass, basically - that they usually eat. The problem is that mountain beavers don't eat anything like that.

Now Samantha Hopkins of the University of Oregon has the answer. The mountain beavers don't need those teeth now, but they did about 10 to 15 million years ago, which is when these teeth features first appear in the fossil record. During that span, the volcanoes in the Yellowstone hotspot and Columbia River Basalts had frequent minor eruptions, spewing out huge swathes of volcanic dust that blanketed the mountain beavers' habitat.

This unexpected volcanic seasoning turned a bunch of soft plants into gritty chunks of silicon. The mountain beavers had to basically eat their way out of this volcanic age, and they developed suitably thick teeth to survive. What's particularly remarkable is how isolated this effect was - while the mountain beavers in the northwestern United States and Canada had to develop these hypsodont teeth, their counterparts just a hundred miles away in the Sierra Nevada had no such need. There were still volcanoes down there, but they apparently didn't reach teeth-changing levels of intensity.

Sunday, October 30, 2011

As I've posted before....

Send everybody a big check and we will spend or save it and some banks and companies will survive and some wont.

That means campaign bribery wont mean squat so don't hold your breath but that is the cure even if right wingers think it's socialism or something.

P.s Nixon, a conservative, gave us the earned income tax and that's pretty much a big check for being poor and having babies. So, call it an earned income tax for the rest of us.

Click on the jump and read the whole article.

interfluidity » Monetary policy for the 21st century
Here’s my proposal. We should try to arrange things so that the marginal unit of CPI is purchased with “helicopter drop” money. That is, rather than trying to fine-tune wages, asset prices, or credit, central banks should be in the business of fine tuning a rate of transfers from the bank to the public. During depressions and disinflations, the Fed should be depositing funds directly in bank accounts at a fast clip. During booms, the rate of transfers should slow to a trickle. We could reach the “zero bound”, but a different zero bound than today’s zero interest rate bugaboo. At the point at which the Fed is making no transfers yet inflation still threatens, the central bank would have to coordinate with Congress to do “fiscal policy” in the form of negative transfers, a.k.a. taxes. However, this zero bound would be reached quite rarely if we allow transfers to displace credit expansion as the driver of money growth in the economy. In other words, at the same time as we expand the use of “helicopter money” in monetary policy, we should regulate and simplify banks, impose steep capital requirements, and relish complaints that this will “reduce credit availability”. The idea is to replace the macroeconomic role of bank credit with freshly issued cash.

Of course we will still need investors. But all that transfered money will become somebody’s savings, and having reduced the profitability of leveraged financial intermediaries, much of that will find its way to some form of equity investing.

Saturday, October 29, 2011

Does it make sense to save money?....

If your interest payment is 1% and inflation plus taxes is 5% why pile up money and lose your principle. In the depression times we are experiencing we might better borrow, right?

So how do we set this up?

How about a free and clear credit card for emergencies and using personal loans for shopping for large purchases?

I'm not neglecting retirement accounts like my 401k which has a match of 6% so if Patti and I put in $5000 a year Walmart puts in a matching $5000. (It's amazing that so few contribute!)

Anyways, my thinking is to continue to pay off my vehicle loans and then use the free and clear vehicles as collateral for 4 percent loans.

Make sense?

Now, I have my old pickup truck free and clear and can also use it as an emergency fund so I can relax as far as that goes. Should be able to get $5000 if I need it so I'm resting easy right now, how about you?

Friday, October 28, 2011

Thursday, October 27, 2011

Well, this weekend I put the garden to bed....

Below 30 temperatures did a number on it but that's Idaho for you. have a ton of Bell peppers and tomatoes this year and can't wait  til next.

Will post a Youtube vid this week end.

Wednesday, October 26, 2011

I'm for Cain.....

Be fun to see Obama go after Cain for being a real American black. Or something. Of course, all Obama has to do is run on his record.

Here's a list of some his accomplishments:

Lost a filibuster proof Congress, passed a health care bill that no one knows what's in it and no one wants it, bailed out his pay masters on Wall Street, raised the price of used cars, revitalized the Republican party that was dead in 2008, threatened to cut Social Security and Medicare if the Republicans would only agree and destroy their election chances, and gave a lot of speeches that no one remembers.

There's probably more great accomplishments but nobody cares.

Now can he be beat?

It would be tough for Romney, a liberal Republican, to even do as well as McCain in 2008. At least Mac was a war hero to soften his Liberal image and Romney is a super rich guy who wears funny underwear.

Perry, a lot of money on hand, can stick around for quit awhile. He sounds like Bush only dumber so some liberal media types will keep him around.

So that leaves the Republican black guy. Lot of fun on TV, libertarian (not liberal) on abortion,  pro military spending, pays lip service to budget balancing, etc. Only thing he has to do is talk up Obama's economic non policy and remind people that Oba mama is a liar.

The rest are of the Republican field is toast because the media likes controversy and Cain v.s Obama is it and the white guys (and Bachman) are boring!

Tuesday, October 25, 2011

i don't think killing Middle East dictators is working....

Every time we do oil prices sky rocket. Guess what that means for you and me.

Notice no one is talking about it now as proof is in the pudding.. Take apart the Empire and we all suffer.

Must be a lesson here somewhere, don't you think?

Monday, October 24, 2011

This will end badly......

Now the gang will need to bail out the new loans and pay off these. Pretty soon all the Euros in the world will have to be borrowed to bail out the current loans.

Can you spell PONZI!

Most Greek bailout money has gone to pay off bondholders - The Washington Post
BRUSSELS — More than half of the money lent to Greece so far by the International Monetary Fund and European nations has gone to repay bondholders, a transfer of billions of dollars from taxpayers around the world to European banks and pension funds that invested in the troubled Mediterranean nation.

As the country struggles with a collapsing economy, violent strikes and historic levels of unemployment, a new analysis of an international bailout program shows the degree to which money provided to support Greece has been used to pay off its debts to the private sector.



Weigh In



 These leaders run the institutions that control interest rates and monetary policies that have been making recent headlines.

Oct. 21 (Bloomberg) -- Johannes Jooste, portfolio strategist at Merrill Lynch Wealth Management, discusses European Central Bank monetary policy and its bond-purchase program. He speaks with Francine Lacqua on Bloomberg Television's "On the Move." (Source: Bloomberg)

Oct. 21 (Bloomberg) -- Johannes Jooste, portfolio strategist at Merrill Lynch Wealth Management, discusses European Central Bank monetary policy and its bond-purchase program. He speaks with Francine Lacqua on Bloomberg Television's "On the Move." (Source: Bloomberg)

More on this Story

In Europe, new fears of German might
Most Greek bailout money has gone to pay off bondholders
PHOTOS: Exploring the worst-case scenarios
Europe faces a summit strikeout

View all Items in this Story

Under an initial bailout program approved by the IMF and the European Union in May 2010, Greece’s government has been kept afloat by international loans that total $91 billion.

About $52 billion of that has been used to repay bonds that came due between the start of the program and last month, according to a review of the program done for European leaders gathered in Brussels to address financial problems in the 17-nation euro zone.

European banks are among the heaviest investors in Greek bonds. Officials in some developing countries have argued that the IMF, run by a European-dominated board and two consecutive French managing directors, seemed more interested in protecting private investors in Europe than it did when overseeing programs that wiped out dozens of banks during the Asian financial crisis.

Sunday, October 23, 2011

A foreign country?...

What planet are these guys on?

California approves carbon market rules | Reuters
Reuters) - California regulators on Thursday approved final regulations for a carbon market that is one of the biggest U.S. responses to climate change.

The state believes the market for greenhouse gases, which starts in 2013, will let it address global warming in a low-cost way and become the center of alternative energy industries, like solar, although some businesses fear higher energy prices.

The most populous U.S. state is moving ahead with the plan years after federal regulators rejected a similar idea for the nation, partly on concerns of the effect on businesses.

The California Air Resources Board voted 8-0 to adopt the market regulations, which officials said are critical to the state's goal of cutting carbon emissions to 1990 levels by 2020 -- about a 22 percent reduction from forecasted business-as-usual output.

Power companies and factories will be able to trade a gradually decreasing number of permits to emit carbon dioxide and other greenhouse gases under the so-called cap-and-trade plan, which counts on market forces leading companies to find the cheapest way to cut emissions.

About 350 companies representing 600 California factories and oil refineries must begin complying with the program in

Friday, October 21, 2011

All troops out of Iraq.....

Must be an election year, right? One less lie for team Obama.

Thursday, October 20, 2011

I did.....

Good old credit unions. great service, great loan rates, convenience, and free services! | Day 6 | Bank Transfer Day
A new movement is picking up steam, and it isn't Occupy Wall Street. It was sparked by a woman in Los Angeles who is urging people to close their accounts with big banks, and transfer their savings to not-for profit-credit unions. And she wants everyone to make the move by November 5th - the day she's calling "Bank Transfer Day". Kristen Christian spoke to Brent from Los Angeles.

Wednesday, October 19, 2011

Yea, the good old days....

Where White Man Went Wrong
Indian Chief ‘Two Eagles’ was asked by a white U.S. government official, “You have observed the white man for 90 years. You’ve seen his wars and his technological advances. You’ve seen his progress and the damage he’s done.”

The Chief nodded in agreement.

The official continued, “Considering all these events, in your opinion where did the white man go wrong?”

The Chief stared at the government official and then replied, “When white man find land, Indians running it, no taxes, no debt, plenty buffalo, plenty beaver, clean water. Women did all the work, Medicine man free. Indian man spend all day hunting and fishing; all night having sex.”

Then the chief leaned back and smiled, “Only white man dumb enough to think he could improve system like that.”

Tuesday, October 18, 2011

Sunday, October 16, 2011

Your next, Vets.....

Told you they want to take your check and Medical benefits. Add that to the Social Security rape that's coming and it's time to clean house in Washington!

McCain open to changes in military health benefits - Washington Times
WASHINGTON (AP) — The top Republican on the Senate Armed Services Committee is recommending that a special committee searching for ways to slash the deficit consider some of President Barack Obama’s proposed changes to health and retirement benefits for the military.

In a letter to the bipartisan panel, Arizona Sen. John McCain signaled he was open to cost-saving steps in military benefits, a move certain to send shock waves through Congress and among powerful groups of retired officers and veterans resistant to change.

The Associated Press obtained a copy of the letter.

The Pentagon’s health care costs have skyrocketed from $19 billion in 2001 to $53 billion, but lawmakers and various groups argue that members of the military and their families sacrifice far more than the average American, with a career that includes long and dangerous deployments overseas that overshadow civilian work

Saturday, October 15, 2011

Who got the money?......

What kind of black hole sucked up all these billions? The money is out there somewhere looking for a home. And it's all American so eventually it will come here.

But someone robbed these investors, don't you think? I'm assuming that most were pension and insurance funds gambling on the boom.

401 k money. Mine and yours. Still like Wall Street?

How Have the Bankers Done in the Lesser Depression?
How Have the Bankers Done in the Lesser Depression?

Investors in Goldman Sachs have lost more than half their money since 2007:

Goldman Sachs Group Inc The GS US Stock Quote Analysis Bloomberg

Investors in Morgan Stanley have lost more than three-quarters of their money since 2007:

Morgan Stanley MS US Stock Quote Analysis Bloomberg

Investors in Citigroup have lost 93% of their money since 2007:

Citigroup Inc C US Stock Quote Analysis Bloomberg

Investors in Bank of America have lost 85% of their money since 2007:

Bank of America Corp BAC US Stock Quote Analysis Bloomberg

Investors in Bear Stearns, Lehman Brothers, and Merrill Lynch lost more than 90% if their investments as well…

Talk about a bunch of people who had a really strong financial incentive for reflation...

Friday, October 14, 2011

Thursday, October 13, 2011

I'll keep track of anyone who knows the solution....

debt jubilee and send us a check. Sounds incredible but that's the only way out of a depression. broke dicks can't spend or borrow enough to kick start the economy.

Most employed people are paying down debt and saving for retirement. The unemployed are sharing a cardboard box or moving in with Dad and Mom.

How about you? Buying a new house next year? Car? Going to borrow big to start a business? Will you find a new job? Or will you be unemployed?

Then what?

Now multiply your position with a hundred million or so and you will understand.

We are broke? You can't give your house away for the mortgage on it.

Might be room under a bridge if the damn thing doesn't fall on your head!

It's in all our interests to understand how to stop another Great Depression | George Monbiot | Comment is free | The Guardian
President Obama justified the bank bailout on the grounds that "a dollar of capital in a bank can actually result in eight or 10 dollars of loans to families and businesses. So that's a multiplier effect." But the money multiplier didn't happen. The $1.3 trillion that Bernanke injected scarcely raised the amount of money in circulation: the 110% increase in M0 money led not to the 800% or 1,000% increase in M1 money that Obama predicted, but a rise of just 20%. The bail-outs failed because M0 was not the cause of the crisis. The money would have achieved far more had it simply been given to the public. But, as Angela Merkel and Nicolas Sarkozy demonstrated over the weekend, governments have learnt nothing from this failure, and seek only to repeat it.

Instead, Keen says, the key to averting or curtailing a second Great Depression is to reduce the levels of private debt, through a unilateral write-off, or jubilee. The irresponsible loans the banks made should not be honoured. This will mean taking many banks into receivership. Otherwise private debt will sort itself out by traditional means: mass bankruptcy, which will generate an even greater crisis.

Wednesday, October 12, 2011

Coffee and gas prices were bad enough...

Now we're getting serious!

Stock Up on Peanut Butter Now Before Prices Get Ridiculous
Stock Up on Peanut Butter Now Before Prices Get Ridiculous

The time to buy peanut butter is now, friends. The Wall Street Journal reports that prices for Jif, Peter Pan, and other peanut butter jars will be going up as much as 40% starting in a couple of weeks.

In just one year, the wholesale price of peanuts has skyrocketed from $450 a ton to $1,150 a ton, thanks to Mother Nature and human folly. As a result:

Wholesale prices for big-selling Jif are going up 30% starting in November, while Peter Pan will raise prices as much as 24% in a couple weeks...Skippy [prices] are 30% to 35% higher than a year ago. Kraft Foods Inc., which launched Planters peanut butter in June, is raising prices 40% on Oct. 31

Invest now in a few jars of your favorite peanut butter brand (and, presumably, peanuts too) before this food staple becomes a luxury item.

Tuesday, October 11, 2011

Look what the gang gets for a billiion or so....

Pretty good deal. Tax cuts, no regulations, no prosecutions and you get to live in the best neighborhoods.

Pretty much what the French nobility had in 1790.

Two Political Parties For The Prices Of $1,188,644,055 | ZeroHedge
The next time someone tells you that political party X is not entirely purchased by Wall Street, specifically Goldman, Merrill (aka Bank of Countrywide Lynch) and Morgan Stanley, or that Barack Obama is not the most "gifted" politician in history, show them the following infographic...

Monday, October 10, 2011

Not a nickels difference, no really.....

Oba mama has been bought and their is nothing anyone can do about it. And the next president will be also. Get used to it because it perfectly legal to give these guys money and for them to reciprocate quid pro quo.

The goal is for the gang on Wall Street to get your Social Security and Medicare money. PERIOD!

New Economic Perspectives: Don’t Let Him Get Away With It
The problem facing Mr. Obama is obvious enough: How can he hold the support of moderates and independents (or as Fox News calls them, socialists and anti-capitalists), students and labor, minorities and others who campaigned so heavily for him in 2008? He has double-crossed them – smoothly, with a gentle smile and patronizing patter talk, but with an iron determination to hand federal monetary and tax policy over to his largest campaign contributors: Wall Street and assorted special interests' cash. The Democratic Party’s Rubinomics and Clintonomics core operators, plus smooth Bush Administration holdovers such as Tim Geithner, not to mention quasi-Cheney factotums in the Justice Department.

President Obama’s solution has been to do what any political demagogue does: Come out with loud populist campaign speeches that have no chance of becoming the law of the land, while more quietly giving his campaign contributors what they’ve paid him for: giveaways to Wall Street, tax cuts for the wealthy (euphemized as tax “exemptions” and mark-to-model accounting, plus an agreement to count “income” as “capital gains” taxed at a much lower rate).

So here’s the deal the Democratic leadership has made with the Republicans. The Republicans will run someone from their present gamut of guaranteed losers, enabling Mr. Obama to run as the “voice of reason,” as if this somehow is Middle America. This will throw the 2012 election his way for a second term if he adopts their program – a set of rules paid for by the leading campaign contributors to both parties.

Sunday, October 09, 2011

This will give you a better idea.....

Michael Hudson - Occupy Wall St & 'Obama's attempt to hi-jack' (6-Oct-11)(POLITICAL ECONOMY)

Saturday, October 08, 2011

Romney can't win in the south.....

He makes John McCain look like a fire breathing Reagan, for Christ's sake. And he comes across as "slick" which reminds Republicans of Clinton.

Perry is in deep do do because of his immigration amnesty for illegals children rewarded people for bringing children into the country and soaking the taxpayers who can't afford college for their own kids!

And the religious fanatics will never vote for a Mormon!

The Crash and Burn Death Spiral of the Perry Campaign | RedState
the majority of my tea party will do the same and believe they can’t trust a single word the media writes or utters(sadly FOX is now also in this category), short of Perry committing murder or a felony crime, all of these people will still vote for him. The same cannot be said about Romney- we hear an alarming amount of people stating(mostly the seniors) that they will not vote for him period. If there is a third party they will vote for that person instead . One elderly guy said very matter of factly to me,” If these young voters turn out to be fools and decide to go for ANOTHER greasy car salesman who will say anything to be elected then let them own it, I ain’t gonna live for ever and I will not vote for a non conservative, so if all that is left is a protest vote-so be it” I’ve said this many times, but IMHO, Romney cannot be elected in the South- he is pro/anti/pro/anti abortion and both he and his wife donated to Planned Parenthood,he is a decidedly anti-2nd amendment, big government, AGW believing, pro taxing and the real clincher is Romney care. Even selecting a Rubio or a southern VP will not save him with those stances. He has no chance whatsoever in our area. These meetings only solidify for me the feeling out here away from the D.C. beltway and metro areas.

Friday, October 07, 2011

Read 'em and weep....

Want to save the country? Fire the assholes in Washington. Any of them that have been there over 5 or 6 years and start over. 

How Capital Crushed Labor - HUMAN EVENTS
U.S. wages are higher than they are almost anywhere else. Our health, safety and environmental laws are among the most stringent. Our affirmative action demands are the most exacting, except possibly for those of Malaysia and South Africa.

Does the cost of production here in America alone explain the decline in manufacturing and stagnation of workers' wages?

No. For since the Revolution, America has had a standard of living that has been the envy of the world. From the Civil War through the 1920s, as we became the greatest manufacturing power the world had ever seen, our workers enjoyed pay and benefits that were unmatched anywhere.

Yet our exports in those decades were double our imports, and our trade surpluses annually added 4 percent to the gross national product. How did we do it?

We taxed the products of foreign factories and workers and used the revenue to finance the government. We imposed tariffs of up to 40 percent on foreign goods entering our market and used the tariff money to keep taxes low in the United States.

We made foreigners pay a price to get their products into our market and made them pay to help finance our government. We put our own country and people first.

For corporate America, especially industrial America, this was nirvana. They had exclusive free access to our market, and foreign rivals had to pay a stiff fee, a tariff, to get their products in and try to compete with U.S. products in the U.S. market.

Thursday, October 06, 2011

Why does the left think Oba mama is one of them?....

Because he ran as a Democrat? Must be. But he can't seem to leave invading countries left and right.  Of course. no president can buck the industrial-military establishment so I guess he has to keep using up those weapons and keep these fat cats giving him those big campaign contributions.

When ever anyone says there is a big difference between the Republicans and the Democrats, other than their bullshit, just re-read the above.

All politicians are hand picked by the money guys and then you get to vote for the pathetic clowns  presented as "the people's choice".

Do you really think they get all excited over which one wins? No. But they went nuts when Ross Perot pounded them into the sand and they had to force him out to quit ruining the feed bag.

Right now Oba mama is doing just fine by them as he made sure the gang got made whole from all the crimes they committed robbing you out of your home equity and 401k's. Now all they have to do is keep this  idiot to rob our Social Security and VA checks, right?

You think they won't?

Imagine the fees if 200 or 300 billion from Social Security went directly into the stock market, hmm? Think they might be tempted to fix a few elections?

And why do they laugh at Ron Paul? Can you imagine how ridiculous he would look killing the Defense budget?

How about an honest woman like Michelle Bachman? The poor thing doesn't have a clue on how our system works. No woman can win the nomination on the right? Too many people think woman are too flighty and emotional to handle the job let alone stand toe to toe with foreign leaders.

Cain is interesting as I've pointed out before. I think black is the way to go. Takes race baiting off the table but can the whites in the south support him? He has no political experience which is a plus for me because he'll be able to tell a lot of suck holes to drop dead. Of course, another great thing is he won't have Congress getting much done unless the Democrats get completely destroyed and lose control of the Senate then Congress might pass a bunch of big time budget cuts and we crash again.

Romney's toast! Northern liberals should just join the Democrats and get it over with! Bad enough he's a Mormon who wears magical underwear (all the devout wear special underwear considered sacred) but his pro-abortion, pro-illegal immigration, and especially, pro-gun control screws him royal!

Perry... Kind of guy you'd probably whore around with but he sure looks stupid. I mean even G.W. couldn't hold a candle to this guy. But in a match up between him and Romney, he's the nominee.

The rest don't matter. They are just on a traveling expense paid vacation. Some will be gone in a few weeks some will campaign forever, like Romney.

But the Empire is relatively safe as Oba mama looks much better next year when it comes down to nut crunching time and he gathers a half billion dollars or so to campaign with.

Now, he has a great deal of problems with his own base but they have no where to go because they are dewy eyed dreamers of Messianic bliss who only  pay attention to the elite who will simply tax the wealthy into the poor house to pay for handouts to the favored amongst us.

Get it?

And the Conservatives will hold their noses and vote for the same expert elites (the faces change but the same gang pulls the strings) who got us into this DEPRESSION in the first place!

William Blum :: Anti-Empire Report, Number 95
Libya: Unending American hostility

If I could publicly ask our beloved president one question, it would be this: "Mr. President, in your short time in office you've waged war against six countries — Iraq, Afghanistan, Pakistan, Somalia, Yemen and Libya. This makes me wonder something. With all due respect: What is wrong with you?"

The American media has done its best to dismiss or ignore Libyan charges that NATO/US missiles have been killing civilians (the people they're supposedly protecting), at least up until the recent bombing "error" that was too blatant to be covered up. But who in the mainstream media has questioned the NATO/US charges that Libya was targeting and "massacring" Libyan civilians a few months ago, which, we've been told, is the reason for the Western powers attacks? Don't look to Al Jazeera for such questioning. The government of Qatar, which owns the station, has a deep-seated animosity toward Libyan leader Muammar Gaddafi and was itself a leading purveyor of the Libyan "massacre" stories, as well as playing a military role in the war against Tripoli. Al Jazeera's reporting on the subject has been so disgraceful I've stopped looking at the station.

Alain Juppé, Foreign Minister of France, which has been the leading force behind the attacks on Libya, spoke at the Brookings Institution in Washington on June 7. After his talk he was asked a question from the audience by local activist Ken Meyercord:

"An American observer of events in Libya has commented: 'The evidence was not persuasive that a large-scale massacre or genocide was either likely or imminent.' That comment was made by Richard Haass, President of our Council on Foreign Relations. If Mr. Haass is right, and he's a fairly knowledgeable fellow, then what NATO has done in Libya is attack a country that wasn't threatening anyone; in other words, aggression. Are you at all concerned that as NATO deals more and more death and destruction on the people of Libya that the International Criminal Court may decide

Wednesday, October 05, 2011

Tuesday, October 04, 2011

Obama has to be ecstatic if this guy is his opponent.....

Give me the black guy. At least he has class and more brains than this turnip.

I posted before that the Republican's field of candidates were pygmies but no one wanted to believe me. 

Hey, the worst thing that could happen if this guy is elected but the second worse thing would be that Oba mama is elected .

So I guess we are screwed!

Rick Perry's Spectacular Fall From Grace | Mother Jones
Just to recap, in less than two months Rick Perry has:

Suggested that maybe Ben Bernanke should be lynched.
Declined to back off his contention that Social Security is an unconstitutional Ponzi scheme.
Called climate change a "contrived phony mess" that was cooked up by scientists who have "manipulated data so that they will have dollars rolling in to their projects."
Pissed off the conservative base by defending his decision to (in Michele Bachmann's immortal words) give "government injections" to "innocent little 12-year-old girls." Said Perry condescendingly: "What I don't get is what parents don't understand about an opt out."
Further pissed off the conservative base by suggesting that if you disagree with his policy on in-state tuition for illegal immigrants, "I don't think you have a heart."
Mangled a prepackaged debate attack on Mitt Romney so badly, and then followed up with a statement on Pakistan so inscrutable, that even his supporters started to wonder if he has a three-digit IQ.
Proposed that U.S. troops should be used to fight Mexican drug lords. In Mexico.
Had to defend himself against revelations that his family leases a hunting spot called "Niggerhead."

Monday, October 03, 2011

We still are in the toilet......

Not much to brag about in the economy. I don't expect much change until after the elections are over and all those new faces in Congress go after the budget.

Prepare for the worse!

Sales at the store are still soft but we are all still working and people are being hired. I expect to pay more for insurance as the gang on Wall Street sticks it to the little guy who is still working.

In depression periods like this a paycheck is like gold. Even bankrupt people will be given loans as the banks run out of customers. Interest rates are as close to zero to maintain prices and profits but change is a coming.

The "normal" boom after a recession I predicted is still a fizzle as the various state governments and most business' are cutting personnel.

In the meantime, those of us with jobs and credit are becoming VIP's. My credit union lends me money without down payments and told me they won't even bother checking my credit report!

I posted years ago get you budget in order, pay off your debts, borrow on free and clear assets and save as much as you can in your retirement account in U.S. bonds.

And I warned everyone about house or rent payments! The blood suckers won't do you any favors so don't buy a house using a bank. Plenty of people will take payments so don't tell me it can't be done.

Personally. I'm sticking to buying mobile homes and paying them off. You'd be surprised how good it feels to only pay $ 180 bucks a month on lot rent and save 400 or 500 a month. Especially come retirement time when I get my Social Security check and can go back into business and travel again after the Depression we are in alleviates. (Don't worry it will crash again because our economy is run by gangsters and idiots!)

If you want to get an idea when recovery is happening watch the price of oil. As it's price  goes down for an extended period  and gas price speculation ends the world economy booms.

Of course, This assumes the  main impetus for it to go down is when the pension funds finally settle down and quit speculating in commodities.

Be a while so don't bet the farm!

Periods of depression are no fun as fear pushes trillions of dollars back and forth in the market place and no steady investments can be done.

But the biggest reason for fear is the clowns in Washington. Can you see anyone there that you trust? Or even stand? Hopefully we'll get a new bunch to complain about because these guys are really hopeless.

Stay tuned.

Saturday, October 01, 2011

Make sure you use their card......

You'd have to be the stupidist shit on the planet to bank with these people. But they didn't get rich and huge because smart people bank with them and not use a credit union did they?

BofA has been ripping people off for years and guess what?......

These nitwits deserved it!

Have to emphasise time to pay down debts and clean up your credit as the economy tanks. I don't see much change coming until the 2012 elections are over. if your ready you can even get more bargains as the world economy deflates and interest rates continue to be so small as to be immaterial. For instance:

The monthly payment for borrowing 20 thousand for a car at 0 % over 5 years is  333.4 dollars per month. I can borrow 20000 at my credit union at 2.69 % for 5 years at approximately 350 a month. You'd save approximately 16 dollars a month, the price of a pizza.

You can see from the above that lowering interest rates is a waste of time because broke people don't borrow money from banks only from soft touch relatives and loan sharks last time I checked.

And consumers are still broke and will be as long as we slash government spending and take away their checks.

We can argue about reducing government spending during a boom and I can tell you a lot of our problems stem from cutting taxes on the rich under Bush and not shrinking the government under the Democrats in Congress.

But right now the voters are pissed from the liars in Washington bailing out the gang on Wall Street screwing us out of our homes and retirement monies.

And it will be exciting to watch the heads role next year and the new guys running around in Washington trying to stop the DEPRESSION!

Bank of America to charge $5 monthly fee for debit card purchases -
Most Bank of America customers will soon see a new charge on their statements -- $5 for any month in which they use a BofA debit card to make a purchase.

Consumers should prepare for more such charges, analysts say, as big banks strive to recover revenue they have lost to financial reforms adopted in the aftermatch of the economic meltdown.

The new Bank of America fee will be phased in early next year, said Anne Pace, a spokeswoman for BofA, the nation's largest retail bank.

Customers will still be able to use their cards at the bank's automated teller machines without being charged, the bank said Thursday.

They also can make debit purchases free if they have a mortgage from Bank of America or if they have a total of $20,000 on deposit at Bank of America and in certain Merrill Lynch accounts (you may recall that Bank of America's corporate parent bought Merrill Lynch as the financial crisis set in).

The bank, like others, has been testing ways to recover debit-card revenue that is going away because of new regulations.