An insider squeals.....

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

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

Who knows!

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

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

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

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


The Solari Model - Total Economic Return at The Solari Report Blog

As I have described in recent posts, we live in an economy where access to and cost of capital of outsiders is controlled and manipulated by insiders–who are using the system to subsidize their own cost of capital and to rig returns on it.

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

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

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

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

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

Total Economic Return

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

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

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

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

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

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

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


Snowstorm leaves D.C. area feeling powerless - Washington Times

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

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

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

Pass the dipping sauce....

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

So far Oba mama's a lock!


Saucy ex-pizza CEO makes long-shot bid for presidency - Washington Times

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

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

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

Oil was falling....

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

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

Any questions on why the world's economies are fucked up?

EconomicPolicyJournal.com: Oh! The Problems for Davos Wives and Scheming Mistressess

Anya Schiffrin, the wife of Joseph Stiglitz, spills the beans:

Of Snubs and Men

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

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

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

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

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

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

Nah!!!

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

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

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

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

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

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

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


FAIR Blog » Blog Archive » A Whole Lot of Lone Nuts

A Whole Lot of Lone Nuts
01/12/2011 by Jim Naureckas

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

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

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

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

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

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

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

That bitch!!!!.....

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

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


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

Man Stabs 4, Killing 1, After Fart Criticism

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

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

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

Remains to be seen how long the old man can last against the gang and their buddies in the media. or the nut jobs on the left with guns!


EconomicPolicyJournal.com: Is This the Best the Fed Can Do in Its Defense?

Hobby makes clear right at the start this is about Ron Paul:

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

Then he says:

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

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

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

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

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

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

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

keep your eye on these guys....

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


GOP panel maps plan for huge budget cuts - Washington Times

An influential group of conservative House Republicans issued a blueprint Thursday for slashing the budgets of PBS, Amtrak and the National Endowment for the Arts — and dozens of other government programs and agencies — in a bid to roll back spending and shrink the national debt.

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

I told you they fear us.....

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

And never will!

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

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

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

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

Pajamas Media » ‘Common Sense Gun Laws’ Make a Comeback After Tucson Shooting

This is mainly because the majority of suggestions have included some mention of new gun control measures, whether they are tied to guns themselves or to the magazines used to hold bullets in semi-automatic pistols. Worst of all, these suggestions are being pawned off on the American people as a way for the government to keep us safe.

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

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

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

Get the idea?.......

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

Works every time.......so far.


10,000 GMAC Foreclosures Stopped in Maryland | FDL News Desk

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

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

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

Meeting of the world leaders....

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

I'm sure he will!


EconomicPolicyJournal.com: Blankfein, Balmer to Meet w/Prez and Hu

Microsoft CEO Steve Ballmer and Goldman Sachs CEO Lloyd Blankfein will be among the corporate elite Preident Obama is bringing together today for a meeting with Chinese President Hu Jintao, Bloomberg is reporting.

Also invited to the meeting were:

General Electric CEO Jeffrey Immelt

Boeing CEO Jim McNerney

Westinghouse Electric Corp. CEO Aris Candris

Former Sybase Inc. chief executive John Chen

Coca-Cola Co. chief executive Muhtar Kent

DuPont Co. CEO Ellen J. Kullman

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

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

Intel Corp. CEO, Paul Otellini

Dow Chemical Co. CEO Andrew Liveris
Email This BlogThis! Share to Twitter Share to Facebook Share to Google Buzz
Posted by Robert Wenzel at 9:12 AM
Labels: Tracking Goldman, Tracking the Corporate Elite

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

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

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

 Besides welfare, drugs,guns and Jesus !


FAIR Blog » Blog Archive » The Martin Luther King You Still Don't See on TV

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

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

The Martin Luther King You Don't See on TV

by Jeff Cohen and Norman Solomon

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

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

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

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

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

Why?

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

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

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

Well...Still time.....

Casey: It'll Be Unstoppable, the Speed of It Will Leave Most People Waking Up to the Danger After It Has Already Happened

Doug: You know I’ve been saying for years that the coming crash is going to be even worse than I think it’s going to be. The correction in 2008 was very scary, but minor by comparison. A warmup. Minor trembling in the ground, just before Krakatoa blows.

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

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

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

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

Ah.....Welfare for the rich....

EconomicPolicyJournal.com: Profits for President Obama's 'Favorite Banker' Jump 47%

J.P. Morgan Chase has reported fourth-quarter net income came of $4.8 billion, or $1.12 a share. That compares with net income of $3.3 billion, or 74 cents a share, in the year-earlier period, an increase of 47%.

JPMorgan is run by Jamie Dimon, a frequent visitor to the White House and Treasury. He is also considered President Obama's "favorite banker". Dimon's right hand man, Bill Daley, has left JPMorgan to run the White House, as the President's chief of staff.
Email This BlogThis! Share to Twitter

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

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

Not one campaign promise kept. Not One!

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

Lying Republicans « LewRockwell.com Blog

Posted by Lew Rockwell on January 7, 2011 03:36 PM

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

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

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

Or it should be. Just ask them.

By the way, how come it's only Dem's that get shot up? Maybe it's a G.O.P conspiracy trying to stop the Alaska Mafia from taking over their welfare queens. LOL


EconomicPolicyJournal.com: Most Voters View Arizona Shootings As Random Act of Violence, Not Politics

A new Rasmussen Reports national telephone survey finds that just 28% of adults say the shooting in Arizona by Jared Loughner was the result of political anger in the country. Fifty-eight percent (58%) say instead that it was a random act of violence by an unstable person. Fourteen percent (14%) are undecided.

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

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

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

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

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

You do realize they own the world, right?

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

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

No just bankers!


Will Raising the Debt Ceiling Bail Out the Banks, Again? | Greg Hunter’s USAWatchdog

This Week,” if it was not raised, the “impact on the economy would be catastrophic . . . “If we get to the point where we damage the full faith and credit of the United States, that would be the first default in history caused purely by insanity.”The debt ceiling currently stands at $14.3 trillion and has been raised nearly every year since the beginning of the new millennium.

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

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

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

They think that they are special!

And right now they are right!

oftwominds: No Wonder We're Failing: Our Power Elites' Sole Expertise Is Being Privileged

The Power Elites are not monolithic: there are three distinct layers, each with its own defining characteristics.


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


I have roughly excerpted this long and important essay below.


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


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


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


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


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


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


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