Oil is the only real money......

No  oil we starve. No oil we walk. No oil we kill everybody to get it. That's what it's all about. The oil producing people have declared war on us and have used our financial elites to stick it to us. Why else would gas prices go up in a depression?

Eventually the crooks in charge will get theirs and we begin to drill here. Until then expect samo samo. None of the political elites seem to be on our side. You sure can't trust either party. So we hunker down in the twilight of our empire and wait.


America’s Commodity Crisis – 2010 Edition « Phil’s Favorites – By Ilene

America’s Commodity Crisis – 2010 Edition

Courtesy of Phil’s Stock World, by Phil

Commodities are a TAX. They are the worst kind of tax because they flatly (not progressively) charge every man woman and child in this country more money for the same food, fuel, shelter and clothing that they had to have last week in order to live. It doesn’t matter if those people are trying to save or trying to tighten their belts or trying to get out of debt – high commodity prices are a shake-down that rips money out of the pockets of the middle class and funnels it to the very, very small class of commodity producers, commodity speculators and the people who finance them and collect the fees.

Over 99% of the people in this country do not own mines or oil wells (and I’m not counting small farmers because they are literally raped by speculators and bankers, often leaving them worse-off than the consumers) or huge plantations and they do not buy futures contracts on margin with cash they borrow at prime plus 0.5% nor do they own tankers filled with 2M barrels of crude that they arbitrage along the crack spread, looking for an opportune moment to deliver their goods (hopefully during a crisis) at a maximum profit.

So 99% of the people in this country don’t even own a commodity ETF – they have no way to profit from high commodity prices and they need to eat, and they need to buy clothing and have shelter and they need fuel to heat or cool their homes and go from place to place. There is a word for people like that, at the bottom end of a transaction they have no control over – VICTIMS!

I must be psychic.....

Without buying all these bad debts the economy disappears. Expect the government to keep pumping the paper money into the world. Only chance the elite have to save themselves from the rope. I'm not optimistic at this time.

By the way, we bought 14 million new guns last year.  Even democrats bought some. They must know something. Heh heh.


Daily Digest - Daily Digest - March 3 - Mar. 3, 2010 - Blogs at Chris Martenson - Daily Digest, Economy

Government-sponsored enterprise (GSE) Fannie Mae (FNM: 1.00 +1.01%) said Monday it expects to purchase from 150,000 to 200,000 delinquent loans out of single-family mortgage-backed security (MBS) trusts during March. The clarification of Fannie’s delinquent buyouts answered some industry questions about the time line of the buyouts and the scope of delinquencies among product time, according to analysis this week by Barclays Capital. This month will mark only the beginning of Fannie’s plan to buyout loans 120+ days delinquent.

Makes my point doesn't it.....

Take us off gold and use oil for a standard and you get inflation.

Period.

We ain't seen nothing yet. We are still crashing. House, jobs, credit, and everything else for us working stiffs, Check out you savings, if any, or the equity in your house. The government needs to put even more money into our hands to "stimulate" the fucked up economy.

They will!


Schaef Report: The Fed Playing God with Our Money (November 2009)

Let’s just say, for example, that our government still followed the Constitution. I know it may be a stretch, but try to use your imagination. Would our currency be falling in value? No! And I can prove it. Until 1965 the United States made its quarters with 90% pure silver (10% copper to add strength). A 1964 quarter had 6.25 grams of silver back then, and back then 25 cents would buy you about one gallon of gas. Today 6.25 grams of silver is worth $3.13. So today you could cash in a 1964 quarter at a precious metals dealer and still buy yourself about one gallon of gas. Now, that’s what I call consistency!

Goodby Walmart.....

If this doesn't do it nothing will. Unless they start buying trinkets and junk elsewhere. Time will tell if China collapses. You can bet that everybody is scrambling for back up sources.

China's Real Estate Bubble Is Being Inflated By Local Governments - DailyFinance

The actions of those local authorities are at the heart of China's property bubble, and they explain why the central government's attempts to cool lending and construction are failing.

China's central government has attempted to douse the speculative flames of its real estate bubble -- prices rose 9.5% in January alone -- by calling on banks to curb real estate lending and by increasing the level of reserves banks must maintain. But those moves are offset by the incentives local governments have to put money into real estate speculation.

The key difference between China's current real estate bubble and the U.S. bubble that popped in 2007 is this: In the U.S., it was individuals and lenders who made overleveraged, speculative bets via subprime mortgages. In China, explained Northwestern University researcher Victor Shih to NPR, the leveraged debt fueling the speculation comes from local governments, which have borrowed trillions of dollars worth of funds from China's banking system to develop real estate projects in their jurisdictions.

Shih has found that almost 50% of the Shanghai government's revenues come from land sales, and local governments have come to... more.

Huh?........

Hmmmmm. Imagine going home to the old lady and explain this little "accident."


Dwarf's penis stuck to vacuum cleaner | The Daily Telegraph

Dwarf's penis stuck to vacuum cleaner

* From correspondents in Edinburgh
* From: AFP
* August 21, 2007 6:39AM

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A DWARF performer at the Edinburgh fringe festival had to be rushed to hospital after his penis got stuck to a vacuum cleaner during an act that went horribly awry.

Daniel Blackner, or Captain Dan the Demon Dwarf, was due to perform at the Circus of Horrors at the festival known for its oddball, offbeat performances.

The main part of his act was for him to appear on stage with a vacuum cleaner attached to his member with a special apparatus.

The attachment broke before the performance and Mr Blackner tried to fix it using extra-strong glue, but unfortunately only let it dry for 20 seconds instead of the 20 minutes required.

He then joined it directly to his organ. The end result? A solid attachment, laughter, mortification and ... hospitalisation.

"It was the most embarrassing moment of my life when I got wheeled into a packed A&E with a vacuum attached to me," Mr Blackner said.

Got guns?

Not for long. Didn't someone warn us. Got mine. Better hurry to get yours.


Anti-Idiotarian Rottweiler » Come And Get Them

The Obama administration will seek to reinstate the assault weapons ban that expired in 2004 during the Bush administration, Attorney General Eric Holder said today.

“As President Obama indicated during the campaign, there are just a few gun-related changes that we would like to make, and among them would be to reinstitute the ban on the sale of assault weapons,” Holder told reporters.

Got to keep his job.....

Is he getting cocky?  He just promised, in order to save the Fed and the banking industry, not to "monetize" (inflate) the U.S debt. Quite a change from dropping cash from helicopters. Do you think he'll be allowed to stand by an economy in  deflationary collapse?

I didn't think so either.


Bernanke delivers blunt warning on U.S. debt - Washington Times

With uncharacteristic bluntness, Federal Reserve Chairman Ben S. Bernanke warned Congress on Wednesday that the United States could soon face a debt crisis like the one in Greece, and declared that the central bank will not help legislators by printing money to pay for the ballooning federal debt.

Recent events in Europe, where Greece and other nations with large, unsustainable deficits like the United States are having increasing trouble selling their debt to investors, show that the U.S. is vulnerable to a sudden reversal of fortunes that would force taxpayers to pay higher interest rates on the debt, Mr. Bernanke said.

"It's not something that is 10 years away. It affects the markets currently," he told the House Financial Services Committee. "It is possible that bond markets will become worried about the sustainability [of yearly deficits over $1 trillion], and we may find

Only 56 % believe government the enemy.......

What are the other 44% smoking?


CNN Poll: Majority says government a threat to citizens' rights | Ron Paul 2012 | Campaign for Liberty at the Daily Paul

CNN Poll: Majority says government a threat to citizens' rights
Submitted by libertyBoy on Fri, 02/26/2010 - 09:03
in

* Daily Paul Liberty Forum

The government really only has one job - to protect the natural rights of its citizens.

Washington (CNN) – A majority of Americans think the federal government poses a threat to rights of Americans, according to a new national poll.

Fifty-six percent of people questioned in a CNN/Opinion Research Corporation survey released Friday say they think the federal government's become so large and powerful that it poses an immediate threat to the rights and freedoms of ordinary citizens. Forty-four percent of those polled disagree.

Only the treasury is buying the debt?....

Let's see:

the government is buying most of the bad mortgages and now buying the government bonds. Printing the money to do so, of course.

Then what?

We don't know! Defense spending is the only employer expanding. House building has collapsed. Oil prices going up. Only the government is hiring. Over 40 states teetering on bankruptcy. We are spending the Social Security funds faster than we collect.

This can't be good.

Something Very Strange Is Happening With Treasuries -- Seeking Alpha

One could potentially argue that this indirect buying came from the Fed covertly buying under the guise of an indirect bidder (the Treasury recently changed the definition of what qualifies for an indirect bidder to make it more vague). It IS rather odd that every single cent of competitive bidding coming from indirect buyers was filled. It’s almost as if the indirect buyers knew precisely WHAT yield to accept… OR were simply trying to take up the slack in what was already a VERY weak auction.

Don't fuck with those kauser women.....

Go baby, go.


Badass of the Week: Rukhsana Kauser

Rukhsana Kauser is fucking awesome. This chick stood up to defend her family from some of the most notorious criminals in Northern India, and the result was akin to having the first Die Hard movie localized entirely within the confines of her living room. When the smoke cleared and the empty shell casings were swept away, she and her brother had fought off six terrorist by themselves, killing one and wounding a couple more. Abu Osama, one of the most dangerous criminals in the world, was lying dead at her feet. In addition to saving every member of her family, including herself, from certain death, she also managed to rid the universe of the closest thing to COBRA Commander that the international terrorist organization Lashkar-e-Taiba had to offer. She has since been relocated to a witness protection program, nominated for the highest award for civilian bravery offered by the Indian government, and awarded the $6,000 bounty that had been placed on the head of the fallen terrorist leader.

Maintaining an Empire is expensive....

It's still debatable if it's sustainable. The history of empires and their inevitable debt accumulation teaches us that collapse becomes guaranteed. The bureaucracies become so entrenched that change becomes politically impossible. Leaders can only pander and go along for the ride. The ship of state flounders because entrenched interest squabble over every penny of income. Nothing constructive or important to better the common good gets done.

However, this collapse can take centuries. Or in our case, a bomb could go off and send us into the stone age. Better to plan for the system to continue cause if it doesn't you better have large army to
save your ass.

Firedoglake » Ron Paul at CPAC Exposes the Incoherence of the Modern Republican Party

The United States currently has troops in 140 countries around the world. We are actively involved in shooting wars in three countries, going on a decade now. We will spend nearly $700B on defense in 2010 — almost as much as the “generational theft” stimulus bill — and this doesn’t count the billions we spend on Homeland Security. And all for a single year of “defense.”

So Ann Coulter agrees with everything Ron Paul says, except for that trillion or so a year she wants to keep spending to maintain a US Empire. Or, put another way — Coulter and the neoconservatives that have taken over the Republican Party want Ron Paul’s pre-WWI, pre-Fed, pre-Social Security, pre-IRS federal government — to go with LBJ’s Great Society military.

This notion that you can have “small government” while maintaining a global empire and fighting a “Global War on Terror” is obviously nonsense, and even William F. Buckley recognized that. Here’s Buckley, arguing during the Cold War that conservatives had to embrace “Big Government” (from Julian Zelizer’s Arsenal of Democracy):

These people are pathetic........

Poor people. Hero worship run amok and then ....smack. They might better get pissed at something important.... Like their credit card ripoff that the glorious leader supposidly fixed.

I know I know he's fucked even trying. The fix is in. I just got my Chase card statement. Used to be Wamu. My interest rate went from 12% to 28.24 last year. I guess they raised it because I've never missed a payment, on time, in almost three years. If they add a yearly fee they can stick it up their ass.

P.s my credit score has gone up by 70-80 points over that amount of time.


“Post Traumatic Obama-Abandoned-Us Syndrome: A Strategy for Progressives in the Age of Corporate Takeover « SpeakEasy

Posted by Tikkun Daily at 11:15 am
February 20, 2010
commentsREPLIES: 1
“Post Traumatic Obama-Abandoned-Us Syndrome: A Strategy for Progressives in the Age of Corporate Takeover

Cross-posted from HuffPost and Tikkun Daily

By Michael Lerner

Close to 600 people in the San Francisco Bay Area gave up their President’s Day Monday vacation to spend some nine hours in a “Strategy Conference for Liberals and Progressives” to address “How To Support Obama to BE the Obama Americans Thought We Elected” and “How to Launch a Constitutional Amendment to Restrain Corporate Power” after the Supreme Court’s recent decision to allow unrestrained corporate spending on elections.

For many, just being in the context where this discussion was happening in a face-to-face encounter with others, rather than as isolated individuals reading it on a computer monitor, seemed an important step toward re-empowerment. Many are suffering from post-traumatic Obama abandonment syndrome — an ailment that came from being severely traumatized by Obama’s political moves in the past thirteen months. A palpable sadness, depression, anger and even despair carried by many who had worked for Obama and now felt betrayed by his choices in his first year in office was mixed with compassion and a strong determination to not allow the political Right to use our despair as their ticket to a political revival. The conference was conceived by Tikkun Magazine and its interfaith Network of Spiritual Progressives (including secular humanists and atheists who consider themselves “spiritual but NOT religious”) as a way to allow people who have been having these feelings privately to both receive the comfort of sharing those feelings with other liberals and progressives, and then to move beyond them to actually face the critical question: “What do we in the liberal and progressive world do now, if we face three, or hopefully seven, years of an Obama presidency?”

The first step toward answering that question was to grieve what we had lost, honestly acknowledging the painful, for many quite humiliating, fact that after having built so many walls of self-protection against allowing ourselves to get sucked into some new moment of idealism, we had allowed those walls to come down as we became energized about Obama, only to find that once again our hopes had been dashed. This was not a crew of hardened lefties who might say: “You were always foolish to hope in Obama — don’t you know that the military-industrial-health-agricultural-banking-investment-energy complex controls the society.” Most people in the room had already integrated that knowledge of corporate dominance, but rejected the notion that repeating its truth was a sufficient way to change it. Instead, they had imagined that Obama could play an important role in sustaining the powerful mobilization that had already occurred around his campaign, and direct it toward significant steps to challenge the corporate power in ways that might even excite and attract the tens of millions of Americans who don’t even bother to vote.

Technorati Tags: Chase credit card, credit score, Obama

Why I dislike government......

It's a scam that I can't get in on. However, I can't give up trying because it's everyman for himself. I need more loans. Why not? Got to get it while it last.

George Will At CPAC 2010 pt.1

One of the most stupid comments....

No wonder Beck is kicking O'reilly's ass. You have to read the whole thing to believe it.


NRA-ILA :: Bill O’Reilly On Citizens Maintaining Second Amendment Rights During States Of Emergency: “That’s a pretty extreme position.”

Bill O’Reilly On Citizens Maintaining Second Amendment Rights During States Of Emergency: “That’s a pretty extreme position.”

Friday, February 19, 2010


As we have often reported, in the wake of the illegal gun confiscations in New Orleans following Hurricane Katrina, NRA focused its attention on legislation to amend existing emergency-powers statutes to guarantee that local authorities never again attempt the confiscation of lawfully owned firearms during states of emergency.

As you know, following Hurricane Katrina, many New Orleans residents legally armed themselves to protect their lives and property from civil disorder. With no way to call for help, and police unable to respond, lawful citizens were able to defend themselves and their neighbors against looters, arsonists and other criminals.

However, just when these people needed their guns for self-protection the most, New Orleans’s Police Superintendent ordered the confiscation of firearms, allegedly under a state emergency-powers law. Fortunately, an NRA lawsuit brought an end to the seizures, and subsequent NRA-backed legislation ensured the gun confiscation travesty would not repeat itself.

Uh..... Duh......

Even these guys could figure it out. You can't move the Titanic from steerage. If you have a bitch you have to join a party. Then vote for the gangsters in charge..... Hey at least you can feel good about your side winning! Kind of like so what don't you think ?


Hot Air » Blog Archive » Palin to tea partiers: You’re going to have to choose between the parties

Palin to tea partiers: You’re going to have to choose between the parties
posted at 1:14 pm on February 17, 2010 by Allahpundit
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It’s in her interest to say this, of course, if she wants any shot at the GOP nomination, and it’s bound to irritate tea-party indies who bristle at her attempts to “hijack” the movement for Republicans.

Something refreshing about this blood thirsty bastard....

Why fuck around. Kill them all. Heh heh.


BLACKFIVE: Choosing to kill rather than capture?

I have praised President Obama for his continued use of drone strikes to take out terrorists. It is a direct way to create dead tangos and has the indirect effect of making them wonder whether they are being watched 24/7. However it is not and should not be a complete replacement for attempts to capture terror leaders for interrogation. As much as I enjoy doing the dance, dead tangos tell no tales. All the electronic surveillance in the world is less valuable than the information stored in a terrorist's head. Vaporizing it might feel good and is safe and simple, but it yields no actionable intel.

Recent reports point out that decisions such as closing Gitmo and the CIA interrogation program are severely limiting our option to capture bad guys instead of just returning them to their component molecules.

Solar energy???

Why is Exon Mobile supporting this? Better to be in charge or in front of this liberal fairy tale.

Must be.  Another example of corruption. A lot of government money coming this way. And let's not forget the political cover. next thing you know Oba mama will be building Nuclear reactor plants!

Oops. I spoke to soon. Heh heh. But bring on the sun. How can we lose.

<>NOVA | Saved By the Sun | PBS

Who?....

Why not daddy Bush, Dick Cheney, Newt or any other surefire loser. Maybe the Republican's could dust off a few turncoat Dem's. Why not. The base will vote for anything they are told. Just look at their history.

Wait! Maybe they can someone black, articulate, and big city thug.

Hot Air » Blog Archive » Sure looks like Romney’s running in 2012

posted at 7:51 pm on February 15, 2010 by Allahpundit
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Just from the perspective of blogworthy content, I’m thrilled. A Huck vs. Palin race would be fascinating, but having Mitt in the mix all but guarantees a “centrist elites vs. populist conservatives” storyline for the nomination. Can’t. Wait.

One of the first big moves of 2012 — “Mitt Romney Names Matt Rhoades PAC Executive Director: BOSTON — Mitt Romney’s Free and Strong America PAC announced today that Matt Rhoades, who has held senior positions on major presidential campaigns and at the Republican National Committee, will serve as the PAC’s executive director. … ‘He’s been a friend and an adviser for several years now and I’m pleased that he has agreed to run the day-to-day operations of my Free and Strong America PAC. He shares with me the view that 2010 is going to be a critical election year, with many races and lots of opportunities to elect Republican candidates,’ said Governor Romney.

“Rhoades is currently a Vice President with DCI Group … He replaces Peter Flaherty, who will become a Senior Adviser to the PAC. He previously served as Communications Director for Romney’s 2008 presidential campaign … During the 2006 election cycle, Rhoades was a Deputy Communications Director in charge of research for the Republican National Committee. He also was Research Director for the 2004 Bush/Cheney re-election campaign. Rhoades also has held the position of White House Liaison at the U.S. Office of Personnel Management in the Bush Administration.

Such a sorry bunch......

Republicans that is. The Dems are bad enough but they don't promise not to steal your money then steal your money. Nothing more pathetic than these clowns running around threatening everyone who votes with cutting their checks.

Once you get a government check theirs no way you will vote for some asshole to cut it let alone kill it completely. That's what budget cuts are all about. Stealing someone's handout. Not going to happen! Be prepared for more giveaways and "tax gimmicks" to keep these criminals in power.

Are we fucked or what?

Need to get in line and get yours. One thing about the Dems they only steal in public. The Repubs simply lie about it as they go along. After all no one ever lost an election by promising less to their voters.

As far as it goes, what difference does it make who's in office?


Pajamas Media » It’s Never Too Early for a 2012 GOP Primary Preview

can’t take it anymore! I have to comment on the 2012 race. I love analyzing presidential elections like a normal guy loves critiquing football coaches. I spend an inordinate amount of time looking at polls and studying the moves of every potential candidate. Already, two years before the primary elections and roughly a year before candidates start officially declaring their entry into the battle for the Republican presidential nomination, the advantages and dilemmas facing each aspirant are beginning to be seen.

The first batch of candidates we can look at are the candidates who need to come in the top three in Iowa to remain viable. The result of this first contest will decide which one or two social conservative darlings will continue as the race dwindles to two or three major contenders. Former Governor Mike Huckabee is having a great time as a TV host and says it is more likely than not that he will decline to run; Sarah Palin’s probable entry must influence that statement, although he could use his support of the FairTax to define his candidacy. Coming out of Iowa, only one of the two will survive if both run. Mitt Romney will also make a stand here, but the stakes are less high for him.

Gee.... They keep finding more....

Hmmm.... Another oil producing country to take over. Chavez already has a monetary collapse on his hands. Guess the old devil will have to go, heh heh.


Junin 6 oilfield to become a Russian–Venezuelan joint venture - RT

On Monday, Russia and Venezuela signed a multimillion deal to develop the huge Junin 6 oil field in the South American nation's Orinoco River region – a territory twice as rich as other reserves, such as Saudi Arabia’s.
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The agreement was signed by Pedro Leon, director at Venezuelan state oil company PDVSA (Petroleos de Venezuela SA), and Valery Rusakov, director at Russia's National Oil Consortium – comprised of Rosneft, energy monopoly Gazprom, Lukoil, TNK-BP and Surgutneftegaz – at a meeting between Russian Prime Minister Vladimir Putin and Venezuela's Energy and Oil Minister Rafael Ramirez in Moscow.

The two countries agreed to establish a joint venture to develop the oilfield, with Venezuela taking a 60% stake in the deal and Russia the remaining 40%.

Sometimes you hate being right........

This bust is not the big one. We will be lucky to see the economy at half the steam it had a couple of years ago. Then  70 million of us broke dicks retire.

It's starting now.

The only question will be how the gang in Washington pays for it. Who gets robbed or bombed? And don't forget the state pension problems. Pissed off bureaucrats can get ugly. How about veterans? Going to take their checks? Ask for givebacks? Cuts?

Nah. Will have to unleash our printing presses.

And all those oil producing countries shouldn't stop worrying. They know what  the Iran "sanctions" are all about? The Mullahs declared war on America in '79 and  threaten the only source of real wealth on the planet. It will always boil down to protecting our major source of oil until it's all under our control and by using our dollar we make sure it stays that way.

The big question is whether China and Russia join in or interfere.

Being an empire has it's problems. Historically the elites end up squabbling over the national treasury and desert any responsibility for the inevitable collapse. Every man for himself has proven a loser so every gang for himself is being tried. Dems and Repubs argue how much inflation is needed  to support all their handouts to keep in power.

We geezers are the big kahuna. Think votes. Or guns.

Rash of retirements pushes Social Security to brink - USATODAY.com

WASHINGTON — Social Security's annual surplus nearly evaporated in 2009 for the first time in 25 years as the recession led hundreds of thousands of workers to retire or claim disability.

The impact of the recession is likely to hit the giant retirement system even harder this year and next. The Congressional Budget Office had projected it would operate in the red in 2010 and 2011, but a deeper economic slump could make those losses larger than anticipated.

"Things are a little bit worse than had been expected," says Stephen Goss, chief actuary for the Social Security Administration. "Clearly, we're going to be negative for a year or two."

Since 1984, Social Security has raked in more in payroll taxes than it has paid in benefits, accumulating a $2.5 trillion trust fund. But because the government uses the trust fund to pay for other programs, tax increases, spending cuts or new borrowing will be required to make up the difference between taxes collected and benefits owed.

Experts say the trend points to a more basic problem for Social Security: looming retirements by Baby Boomers will create annual losses beginning in 2016 or 2017.

Change begins by looking into the mirror.......

You can't impose change peacefully. Never has happened never will. You simply have to start at home. Then you local community, county, state etc.

But , in the meantime, you die of old age.

Glenn Beck, States’ Rights, and the Myth of the Libertarian Dictator | Tenth Amendment Center

It is precisely because ignorant or malicious voters so often support government-sponsored looting of their neighbors that decentralized power is critical. Human beings are flawed, and even with the best of intentions may engage in behavior that is irrational or dishonest. However, the smaller the geographic or economic area that can be affected by a single misguided administration or policy, the more likely it is that enough citizens can be educated and motivated to fix the problem.

Or that they can physically relocate their tax dollars to a more suitable environment.

The entire point of freedom is to protect the right of someone else to do something you think is stupid, or even wrong. Otherwise, when the winds of popular opinion shift, who will protect your right to do the same?

Think someone should tell her?.......

Both political parties have been bought! Unfortunately, this means voters are given two basic packages to consider that are virtually identical. Republican or Democrat.That's pretty much what we have but don't want. Why would any one vote for these guys? Only people who are bought! We might as well get ours, I guess. Right now I don't see any change coming. Other than new politicians. like Palin, getting rich and "important", expect no substantive change.

This tea party thing is nothing new. We use to call it "Reagan".Then the Republicans became "Reaganesque" , in other words, they said anything popular on the right  to get and stay elected. So, we can figure the tea party thing will end up the same way. Samo samo. Happens to every empire.

You can't change the course of the Titanic.


Sarah Palin on Fox News Sunday -- Politics Daily

PALIN: Because both major parties, the D's and the R's, have both kind of lost their way in some respects. The GOP has some very strong planks in the platform that build a platform that I believe is best to build a strong, safe, prosperous nation.

When the GOP strays from the planks in the platform, a people's movement like the Tea Party movement is invited in to kind of hold these politicians accountable again and remind them of their constitutional limits there on the federal level.

And it's a beautiful movement. I'm proud to get to be a part of it in terms of at least hearing from those in the Tea Party movement and sharing with them what I believe are some commonsense solutions to the challenges facing us.

WALLACE: you say you are happy to be or proud to be a part of it. Some people think you want to be the leader of the Tea Party movement.

PALIN: No. I would hope that the Tea Party -- the Tea Partiers don't believe that they need some kind of well-oiled machine, some kind of replicate of the GOP or the Democrat Party, and instead, they remain a movement of the people, uprising and saying, "Listen to us. We have some commonsense solutions that we want our politicians to consider and to implement."

Beyond corruption...

Now that the Supreme Court has given the green light to corporations to openly offer the politicians (no more sneaking around) huge sums of media advertising to advocate their positions simply means the money boys can openly buy and sell votes. Expect haggling in public soon. (Maybe on Ebay.)

Some people are surprised that the government has thousands of people "working" in private business while on the public payroll. Even though cops do it all the time. Maybe the thought that the government can control these corporation is what we find troubling. Just because the government "owns" some of the largest companies can't ever be a worry, can it?

Makes you wonder how much influence the corporations really have. But how about the unions and private advocacy groups ? How many CIA are working there, Hmm? Ever wonder why Global Warming became so important in Washington?

Follow the money folow the politicians. After all they own us. But.... who owns them?


Uh-Oh. ‘Moonlighting’—but Without Bruce Willis or Cybil Shepard « LewRockwell.com Blog

It seems that the guys and gals who work for the ‘Company‘ actually have permission to work for real companies in their off hours. The CIA (aka the ‘Company’) have a little known policy of allowing their agents to moonlight for private firms. My mind boggles just thinking of all the shenanigans that must be going on either between the agents and the private firms or, worse—by the agents to the private firms.

(I remember reading years ago how every major spy agency in the world—in particular the CIA, M5, and the Mossad—have what are called “assets” in every major corporation in the world. These are actual employees of the corporation who supply information to the spy agency on an “as needed” basis. But I digress.)

Here is an interesting little paragraph from the article:

A government official familiar with the policy insists it doesn’t impede the CIA’s work on critical national security investigations. This official said CIA officers who want to participate in it must first submit a detailed explanation of the type of work involved and get permission from higher-ups within the agency. “If any officer requests permission for outside employment, those requests are reviewed not just for legality, but for propriety,” [emphasis mine] CIA spokesman George Little told POLITICO.

“…those requests are reviewed not just for legality, but for propriety…” We can all rest assured that one of the dirtiest organizations in the world probably has a “Chinese wall“-type of structure between the moonlighting CIA agents and the private companies they work for. And I have a bridge to sell you in Brooklyn.

[Thanks to Chris Ciancio]

Sign me up!.......

What's not to like?


“How Would You Fix the Economy?” at The Catherine Austin Fitts Blog

Dear Mr. President,

Please find below my suggestion for fixing America ’s Economy. Instead of giving Billions of dollars to companies that will squander the money on lavish parties and unearned bonuses, use the following plan. You can call it the “Patriotic Retirement Plan”:

There are about 40 million people over 50 in the work force. Pay them $1 million apiece severance for early retirement with the following stipulations:

1) They MUST retire. Forty million job openings - Unemployment fixed.

2) They MUST buy a new American CAR. Forty million cars ordered - Auto
Industry fixed.

3) They MUST either buy a house or pay off their mortgage - Housing
Crisis fixed.

It can’t get any easier than that!!

P.S. If more money is needed, have all members in Congress pay their taxes…

Mr. President, while you’re at it, make Congress retire on Social Security and Medicare. I’ll bet both programs would be fixed pronto. If you think this would work, please forward to everyone you know.

If not, please disregard.

More proof we are awash in energy resources.....

I"m betting that when we need a gallon of gas or a cubic foot or two to cook our food it'll be "discovered". At a price of course. This system is so rotten that it is now simply amusing that the guys in charge have to duck and weave their way. it remains to be seen if China continues to put up with it. So far they are still playing the game but one wonders when they're going to pull the plug and buy the oil companies.

And fire the President, heh heh.

Investing in Natural Gas: The Most Important Source in the World

02/01/10 Pittsburgh, Pennsylvania – Until just three years ago, the Marcellus was an obscure name for an obscure rock formation in the backwaters of geological research. Not anymore…

The tipping point came when Penn State professor Terry Engelder demonstrated that the Marcellus holds as much as 500 trillion cubic feet of natural gas – the equivalent of total US gas consumption for 25 years. There’s over a trillion dollars’ worth of gas down there – probably much more. Even if the estimate is off by 50% or so (and that 500 trillion cubic foot number might be on the LOW side), Marcellus is a very big resource.

Here’s a map showing all of the major shale gas-bearing basins in the US and Canada. The Marcellus is labeled No. 27 – and I don’t mean in terms of size. As you can see, the Marcellus dwarfs all the others.

I-pad made in China?.......

Duh!

Hottest products we buy are stripping us of real wealth. We don't make much any more. we just sell ourselves down the river. Anyone remember Walmart advertising "made in America?" How about Nike's footwear? Maybe all those "American assembled" cars?

Need an explanation for our collapse just look there. P.S the world is awash in in oil and natural gas. Especially the good old U.S.A.

Why are we destroying oil producing countries? Follow the money. Your Congress man does.


Paulson's Return, Another Deficit Record, Marcellus Shale, Ron Paul and More! | 5 Min. Forecast

“I am an Apple fan,” a reader writes, “but I did turn over my MacBook Pro after reading Friday's column: designed in California, assembled in China.”

The 5: Remember the “We think, they sweat” crowd? They’ve believed Apple to be the epitome of a 21st-century “platform company” -- a global player with the cash, clout and clarity to play all the markets -- intellectual, manufacturing, consumer -- it needs to to achieve the lowest cost for production of goods and the highest margin from the end-user. At the time Apple made a $65 profit on every iPhone made. The Taiwanese producer made $4 per iPhone produced.

Even if the iPad becomes “the biggest product in history,” as Cramer suggested on The Chris Matthews Show yesterday, Apple is a good investment (potentially… we wouldn’t buy it). But is it really a representative sample of economic recovery in the U.S., as the reader on Friday suggested?

Of course it is. The Chinese will never actually figure out how to make their own gadgets… they’ll just keep pounding out those iPods for pennies on the dollar while Apple execs buy vacation homes.

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

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

Gotcha!.......

Marcy Kaptur chews out Tim Geithner over AIG

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

It's not my fault, Bush did it.

We have saved the world.

We need to be patient for this to show.

Did I tell you it's not my fault?

Oil must be destroyed....

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

RedState

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

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

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

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

Sumeria, Babylonia, Sumeria

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

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

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

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

I just answerede my question about Haiti..

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

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

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

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

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

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

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

Answering Helen Thomas on Why They Want to Harm Us « Patrick J. Buchanan

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

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

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

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

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

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

High court unleashes political ad spending - Washington Times

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

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

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

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

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

Did big media tell you this...

Of course not.

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

The Coming Economic Depression: 2009 The Biggest Collapse of Trucking Ever. To get Worse?

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

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

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

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

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

Something bizaar about Russians lecturing America...

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

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

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


Mat Rodina

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

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

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

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

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

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

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

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

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

Dem's getting their asses kicked....

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

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

You have to be bought!

Duh........

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

Nothing.

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

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

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

Poll shows growing disappointment, polarization over Obama's performance - washingtonpost.com

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

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

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

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

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

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

NO comment......

These fuckers are nuts!


You Know the Joke About “What’s the Safest Way To Fly to the Sun?” « LewRockwell.com Blog

« Previous: 504 People Sign Up for Houston Mises Circle | LRC Home | LRC Blog | Next: Thanks to Mark Carbonaro on KION »

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

Punchline: Fly at night.

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

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

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

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

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

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

Something wrong with sun.....

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

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

Sounds like good ol' religion to me.

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

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

Antarctica Water

Solar geomagnetic index reaches unprecedented low – only “zero” could be lower – in a month when sunspots became more active « Watts Up With That?

We then had a string of sunspots in December that marked what many saw as a rejuvenation of solar cycle 24 after a long period of inactivity. See December sunspots on the rise

It even prompted people like Joe Romm to claim:

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

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

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

Gas prices up 20 cents......

Overnight.

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

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

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

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

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

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

Or nice.

Daily Digest - Daily Digest - January 6 - Jan. 6, 2010 | Blogs at Chris Martenson - Daily Digest, Economy, Energy

"The Social Security Trust Fund issued their November and December reports today. They also provided the payment data for January 2010. I think there is some significant information."

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

May you live in interesting times.....

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

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

The Coming Economic Depression: Retirement Crash For Years to Come

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

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

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

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

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

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

CORRECTED - Fed may re-enter MBS market later in 2010 - Market News | Reuters

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

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

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

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

Patti goes back to work tomorrow....

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

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

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

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

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

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

Pastor Rick Warren nets $2.4M after plea - Washington Times

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

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

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

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

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

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

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

I still have the increase in wealth.

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

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

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

As I've posted a time or two before:

The Automatic Earth: December 27 2009: Eyes wide open and pedal to the metal

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

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

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

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

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



D.C. homicides hit lowest level since '64 - Washington Times

The year is drawing to a close with homicides in the District at a 45-year low, reflecting a national trend that law enforcement officials are attributing to multipronged crime-prevention strategies that include advances in communication and coordination.

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