Exactly my point....

Both parties are corrupt and criminal.

 Read the whole piece....

Davos World Economic Forum – For Bloggers | Focusing on how psychopaths & 'semiopaths' hijacked economics & our economy.

Both parties have been captured. Blaming each other’s party or swapping parties isn’t a solution because there is only one party and that is the ultra elite party. If you can’t rob clients of 3 billion dollars or steal 10 trillion dollars (and counting) from taxpayers you aren’t in the party – you are instead their food.

“Give me control over a nation’s currency and I don’t care who makes the laws”~Mayer Amschel Rothschild.

This didn’t happen yesterday. Watching this video you can see the former Chief Executive Officer of Merrill Lynch telling President Reagan to “Speed it up, and Ronnie responds, “Oh, okay.”

How's reform working out for you?.....

Oops! my bad There hasn't and won't be any reform and the next crash will be worse than the last.

6 Shocking Revelations About Wall Street's "Secret Government" | Economy | AlterNet

We now have concrete evidence that Wall Street and Washington are running a secret government far removed from the democratic process. Through a freedom of information request by Bloomberg News, the public now has access to over 29,000 pages of Fed documents and 21,000 additional Fed transactions that were deliberately hidden, and for good reason. (See here and here.)

These documents show how top government officials willfully concealed from Congress and the public the true extent of the 2008-'09 bailouts that enriched the few and enhanced the interests of giant Wall Streets firms. Here’s what we now know:

The secret Wall Street bailouts totaled $7.77 trillion, 10 times more than the $700 billion Troubled Asset Relief Program (TARP) passed by Congress in 2008.

Knowledge of the secret bailout funds was not shared with Congress even while it was drafting and debating legislation to break up the big banks.

The secret funding, provided at below-market rates, gave Wall Street banks an additional $13 billion in profits. (That’s enough money to hire more than 325,000 entry level teachers.)

The secret loans financed bank mergers so that the largest banks could grow even larger. The money also allowed banks to step up their lobbying efforts.

Maybe the Jews ain't going back to the ovens....

News from the Edge | Has a New War Started? | unknowncountry

Secret attacks on Iran's nuclear facilities may be under way by Israel. Israeli officials said in a recent report that a "mysterious explosion" two days ago at an Iranian nuclear facility was "no accident." Satellite images show smoke coming from an Iranian uranium enrichment facility.
In the November 30th edition of the New York Daily News, Corky Siemaszko quotes retired Israeli Major-General Giora Eiland as saying, "There aren't many coincidences. When there are so many events, there is probably some sort of guiding hand, though perhaps it’s the hand of God "

This is the second attack on an Iranian nuclear site in a month. Two weeks ago, there was another suspicious blast on a military base near Tehran, which killed General Hassan Moghaddam, the head of Iran’s missile defense program, and 30 members of the Revolutionary Guard.

Siemaszko quotes Israeli intelligence officer Dan Meridor as saying, "There are countries who impose economic sanctions and there are countries who act in other ways in dealing with the Iranian nuclear threat."

The Iranians clearly don't want to admit that their security could be breached in this way. The attack took place in a facility in the Iranian town of to Isfahan, and Siemaszko quotes the city's governor, Mohammad-Mehdi Ismaeli, as saying, "Maybe somebody's water heater exploded."

Oh goody....unemployment stats are lies......

 Not much change so far. Too many people are not being counted so Oba mama looking better. We are in a depression. A series of boom and bust is continuing as all the speculation in the European economy will come home.

But it will improve enough saving Oba mama's second term. That's the way to bet because the Republicans are being blamed for getting  us into this mess and the same gang bought by the criminal element in Washington is still in charge.

As soon as the Europeans elect new governments this "boom" is over. Give it a few more years of grinding poverty and the destruction of the middle class who always pay the bills in any society.

Too many people can't get it through their heads that borrowing money eventually has to be paid back and it always cost more than you borrow. Eventually costing enough to bankrupt everyone and then they have to start over again, broke and without assets.

In history this is called a dark age.

Broke dicks revolt and murder the bankers and the tyrants that own them and eventually  strong men (kings) who control a gang of thugs come on to the scene to police them because law and order disappears.

But, no one believes it can happen "here" just ask the Romans, ancient Greeks, Byzantines, Egyptians, Napoleon French , and countless other know it alls.

Meh. And I Say That With Feeling - NYTimes.com

December 2, 2011, 8:21 pm
Meh. And I Say That With Feeling

A belated reaction to today’s employment report (I’ve been closeted in a room with a bunch of men in suits, myself included, talking about the depressed and depressing world.) In a word: meh.

It could have been worse, but the basic story remains the same as it has been for 2 1/2 years: an economy that’s growing, but not enough to feel anything like a real recovery. The measured unemployment rate has trended down for a while, but it’s all basically reduced numbers of people actively searching. My favorite measure these days is the employment-population ratio for prime-age workers, which isn’t affected by changing demography. Here it is for the past decade; see the trend since the recession officially ended? Neither do I.

Of course, my meh corresponds to enormous and continuing waste, vast hardship, and millions of ruined lives. Maybe someone should do something.

Who knew?....no wonder we have so many problems.....

If Saudi Women Drive | FrumForum

The social consequences will be horrendous, warn Saudi Arabia’s clerics:

As part of his careful reform process, King Abdullah has allowed suggestions to surface that the ban might be reviewed.

This has angered the conservative religious elite – a key power base for any Saudi ruler.

Now, one of their number – well-known academic Kamal Subhi – has presented a new report to the country’s legislative assembly, the Shura.

The aim was to get it to drop plans to reconsider the ban.

The report contains graphic warnings that letting women drive would increase prostitution, pornography, homosexuality and divorce.

So?......

If we look at China as a huge corporation that owns everything we see that everything is private as long as the government says so.

Chinese vice premier praises private sector - 24-Hour Business News - The Buffalo News

BEIJING (AP) - A top Chinese economics official pledged strong government support Sunday for the country's private businesses, in remarks likely to hearten a sector beleaguered by a credit crunch and downturn in exports.

Vice Premier Zhang Dejiang said private industry is a force for social stability and an important part of China's hybrid "socialist market economy." Private businesses are major job creators and play a key role in establishing a comprehensive social security web, Zhang said in a speech to businesspeople in Beijing.

"The development of the private sector deserves our unswerving encouragement, support, and guidance," Zhang said.

Zhang's remarks will be welcomed by the private business community, which has suffered from a hollowing of demand in crucial export markets in Europe and a weakening real estate industry. Unable to obtain loans from state-run banks, thousands of small businesses have been forced to borrow privately at exorbitant rates and many are now failing or on the verge of bankruptcy.

Such woes have been compounded by Beijing's redoubled support for state industries following the global economic slowdown, including generous tax breaks and preferred access to land and state bank loans.

The boom is on....

All this money sloshing around over seas (trillions and trillions) as I predicted is now coming home as Europe melts down. But as soon as the voters over there fire the nuts who are cutting the budgets putting people in the poor house are gone they will pick up too.

Just read below, as the Fed pumps up the European banks so they can invest here to save their sorry asses because their politicians are nuts.

The rich take care of their own!

Housing still sucks but a year or two with a new Congress who can ignore, but pay lip service to, budget cutting will make a big difference. These bad loans, as I've been bitching about, have to be removed from the books. Default, payoff, or forgiven and 2+ million new families a year will be back in the market.

We are floating in oil and gold but there is no place for the speculators and pension funds to go for big enough returns to keep their investors happy. Expect gas prices to remain aver 3$ a gallon until the auto industries world wide replace the current inventory with 40- 50 and higher fuel misers.

But, nothing has really changed, and the boom and bust cycle will continue.

Mike Norman Economics: The whole world is short dollars!

Wednesday, November 30, 2011
The whole world is short dollars!


Today, like so many times in the past three years, we see the Fed stepping in and providing dollar liquidity to the world's central banks.

How many times do we have to see this?

The whole world is short dollars.

Let's face it...without the Fed’s intervention the dollar would soar to levels that no one would believe. It would restore American purchasing power, lower inflationary pressures, improve our real terms of trade and by so doing, raise our standard of living.

But what does the Fed do instead?

It “sells” the dollar on the cheap, to central banks that have every capability to sell their own currencies to provide dollar funding for their own, domestic needs.

Scandalous!!

Wall Street got their money's worth....

They buy our government and corrupt our electoral process and it's all "legal" because the dictators in black robes say so.

Think any of them are in on the take?

Grayson: Fed played ‘Russian roulette’ with U.S. money | The Raw Story

He added: “The regional banks of the Fed are actually populated and controlled by the local banks. And all of these bailouts were actually administered by the Federal Reserve bank of New York, which has on its board many Wall Street executives. I’m talking about current Wall Street executives. Not the Tim Geithers of the world, the people who used to be or in the future will work for Wall Street, but the current Wall St. executives on the board making decisions on who would get what themselves.”

The Government Accountability Office revealed that the Fed gave out over $16 trillion to U.S. and international financial institutions between 2007 and 2010 without revealing to Congress. Another $10 trillion was given out to foreign institutions in currency swaps.

Romney gets big Wall Street endorsement......

BlackRock, a Wall Street investment firm controlling over 2 trillion in assets, is getting ready for the next 8 years. Wonder what Romney would have to do for this? He is super rich already so it seems they are doing it for themselves and he will get little for it.

Yea, right!

Nothing happens with the big shots without payback. Nothing.

I wish I had written this guy's post....

I've been saying it long enough. But as I told my son most people want "experts" in  charge of their lives.

Like:

bankers who bribe our politicians, presidents who steal elections, assholes in Congress, scientists who know only what they read about in schools, guys at work who know only what TV tells them, priest who hide their pedophilia in church (Don't get me started on these scum) and let's not forget the Hollywood set.

But I really like the quote from MacArthur at the end of this piece.

dreamslaughter: Food For Thought

Civil disobedience, that’s not our problem. Our problem is that people are obedient all over the world in the face of poverty and starvation and stupidity, and war, and cruelty. Our problem is that people are obedient while the jails are full of petty thieves, and all the while the grand thieves are running the country. That's our problem.
~ Howard Zinn

Our government has kept us in a perpetual state of fear, kept us in a
continuous stampede of patriotic fervor, with the cry of grave national
emergency. Always there has been some terrible evil at home or some
monstrous foreign power that was going to gobble us up if we did not
blindly rally behind it.
~ General Douglas MacArthur

If English was good enough for Jesus, it's good enough for them Mexicans.
~ Texas politician, Spanish as a second language

Nothing but the truth....

Gingrich is Clinton's kind of people. And paybacks are a bitch!

Clinton Gives Gingrich the Shiv | FrumForum

“He said, ‘OK, I don’t want to legitimize immigrants who came here undocumented, illegally.’ On the other hand, a lot of those people have been here for years, they worked hard, they paid taxes, they’ve got kids in the schools, they’re not criminals, we’re going to have a hard time sending them all home, there’s millions of them. So, I’d like to have a process where they could be here legally but not have a path to citizenship. That sort of splits the difference between the immigration reforms proposed by President Bush and President Obama, which would give a path to citizenship, and would be a version of what President Reagan did.”

Clinton was impressed that Gingrich devised a “red card” system that would be used to be used to stop normalizing the immigration status of illegals if efforts to control the border proved ineffective.“That was a thoughtful response,” Clinton said.

The former president also credited Gingrich for innovative thinking in his plan to give workers an option to invest their Social Security retirement funds privately. Gingrich said there should be a guarantee, so that, if markets nose-dive, workers would not receive less than they would have received under the old Social Security system.

“See, that’s a new wrinkle on this,” Clinton said, crediting Gingrich for thinking out of the box. “So he’s always . . . I think he’s doing well just because he’s thinking, and people are hungry for ideas that make some sense.”

Immigration amnesty and Social Security privatization! Two ideas that just overwhelmingly appeal to the elderly Newsmax readership!

Black friday has come and gone....

we made a fortune (I'm a stock holder) yesterday. Several thousand people tromped through the store and pissed and moaned every minute.

And no, I didn't get any $2 waffle irons because they only lasted 15 minutes.

Click and watch what happened at the store in Arkansas: Another example that our customers are stupid

David Frum says it like it is....

Few of us old time conservatives are happy with the Republican right. And don't get me started on the pygmies running for the Republican nomination.

And the fools on the left....pathetic.

You really need to read the whole article to understand:

When Did the GOP Lose Touch With Reality?

Some call this the closing of the conservative mind. Alas, the conservative mind has proved itself only too open, these past years, to all manner of intellectual pollen. Call it instead the drying up of conservative creativity. It’s clearly true that the country faces daunting economic troubles. It’s also true that the wrong answers to those problems will push the United States toward a future of too much government, too many taxes, and too much regulation. It’s the job of conservatives in this crisis to show a better way. But it’s one thing to point out (accurately) that President Obama’s stimulus plan was mostly a compilation of antique Democratic wish lists, and quite another to argue that the correct response to the worst collapse since the thirties is to wait for the economy to get better on its own. It’s one thing to worry (wisely) about the long-term trend in government spending, and another to demand big, immediate cuts when 25 million are out of full-time work and the government can borrow for ten years at 2 percent. It’s a duty to scrutinize the actions and decisions of the incumbent administration, but an abuse to use the filibuster as a routine tool of legislation or to prevent dozens of presidential appointments from even coming to a vote. It’s fine to be unconcerned that the rich are getting richer, but blind to deny that ­middle-class wages have stagnated or worse over the past dozen years. In the aftershock of 2008, large numbers of Americans feel exploited and abused. Rather than workable solutions, my party is offering low taxes for the currently rich and high spending for the currently old, to be followed by who-knows-what and who-the-hell-cares. This isn’t conservatism; it’s a going-out-of-business sale for the baby-boom generation.

I refuse to believe that I am the only Republican who feels this way.

Are we enjoying the stock market yo yo?.....

Our Walmart stock has been the same price, after up and down bouncing, for 4 years. good thing we got a 15% discount buying and a 1.4% DIVIDEND which gives me a profit. And thanks to Walmart's 6% match in my 401k I picked up $2500 over the last 12 months. Patti did also. (add 180$ bonus each for Xmas is icing on the cake.)

I wish I could afford to buy more stock as Walmart isn't going anywhere barring Congress destroying the economy with "austerity" (a code word for screwing people out of their government guaranteed checks!) (I wonder if the vets think they are safe.)

By the way, has anyone been listening to the Republican pygmies debating ramping up military spending to keep conquering poverty stricken brown people and gutting the social network saving us from the evils of senior citizens voting for them.

What planet are these guys from? 

Once they seriously, read that again, seriously go after the money to "cut the deficit" where are they going to look? The deficit is in our hands, our bank accounts, paid to us or our overseas creditors. In order to cut it  it's either rob the old, rob the rich, rob the gun owners or rob foreigners.

Which one are you betting on?

Boy, who in their right minds are going to vote for the rich stealing our checks so they can pay back all the bankers and Wall Street scum bags who own our sorry asses!

Time for my stress test...

Another bout of torture so if I don't post in a day or two you'll know why.

Ready or not the governments are falling apart...

Budget talks collapse now what? The stock market thinks it's the end of the world. Looks like they might be right if your depending on Social Security or if you have a military career.

And it ain't  going to be prety for the rest of us either!

LOL..... Poor babies....

If we don't kill the banks and punish the gang controlling them then the "market" will. Of course, you and I will pay for it.

In the meantime, our 10% discount on food begins and with coupon matching we are stocking up. it will help having a $180 bonus each.

Lenders Flee Debt of European Nations and Banks - NYTimes.com

Nervous investors around the globe are accelerating their exit from the debt of European governments and banks, increasing the risk of a credit squeeze that could set off a downward spiral.
Multimedia
Graphic
European Banks Reducing Sovereign Debt
Interactive Feature
Tracking Europe's Debt Crisis
Related

Bank Chief Rejects Calls to Rescue Euro Zone (November 19, 2011)
Monti Wins Broad Support in Parliament (November 19, 2011)
European Rift on Bank’s Role in Debt Relief (November 18, 2011)
Times Topic: European Debt Crisis

Financial institutions are dumping their vast holdings of European government debt and spurning new bond issues by countries like Spain and Italy. And many have decided not to renew short-term loans to European banks, which are needed to finance day-to-day operations.

If this trend continues, it risks creating a vicious cycle of rising borrowing costs, deeper spending cuts and slowing growth, which is hard to get out of, especially as some European banks are having trouble meeting their financing needs.

Might portend a coming boom or?....

Sales up and a pretty nice bonus for Xmas. Been several years but the worm turns.

But I'm sure it won't last after more cuts and tax increases. Oh yeah, Walmart has increased prices on most stuff and is keeping the lid on toy prices.

Going to be interesting next year when Europe tanks because I'm not sure even China will survive.

They know we are dangerous....

As soon as Xmas shopping is done, look out! LOL. We tend to forget that kids are impatient and go off half cocked. But it worked for the inner city blacks who got all kinds of goodies from the Federal Government, so who knows.

But once people get a job, kids, bills, etc. they slowly become Republican voters. No wonder these guys are gearing up. Better stomp them know, LOL.

Mike Norman Economics: Police state part of the military-industrial-governmental complex

Police state part of the military-industrial-governmental complex


"Well, there’s been a longstanding shift in North America and Europe towards paramilitarized policing, using helicopter-style systems, using infrared sensing, using really, really heavy militarized weaponry. That’s been longstanding, fueled by the war on drugs and other sort of explicit campaigns. But more recently, there’s been a big push since the end of the Cold War by the big defense and security and IT companies to sell things like video surveillance systems, things like geographic mapping systems, and even more recently, drone systems, that have been used in the assassination raids in Afghanistan and in Pakistan and elsewhere, as sort of a domestic policing technology. It’s basically a really big, booming market, particularly in a world where surveillance and security is being integrated into buildings, into cities, into transport systems, on the back of the war on terror...." — Stephen Graham, professor of Cities and Society at Newcastle University in the U.K and author of "Cities Under Siege: The New Military Urbanism." (emphasis added)


Read the whole interview at AlterNet
Police or Paramilitary Forces? The Militarization of American Law Enforcement
Amy Goodman, Nermeen Shaikh, and Stephen Graham
Edited transcript of Democracy Now!

More evidence that Ike was right in warning against the growing influence of the military-industrial-governmental complex as a threat to democracy.

My "big" flyfishing show.....

Flyfishing with Jake and Peanut