Who's Ya Daddy?

Ben Bernanke, that's who. And now, he has decided (because the Fed is not elected which circumvents our democracy) to be the father of all central bankers the world over. Oh, Star of Wonder!
It is no wonder that the Federal Reserve opposed an audit of the Fed because it revealed the many expanded aspects of the bank. It showed how they used American taxpayers money to guarantee funds for the crisis not only to our banking industry, but to Europe as well. Bernanke said it was a one-time event to smooth over the financial meltdown in 2008. One time? He lies because this past week Bernanke has extended a credit line to EU central bank if funding is needed. Our Fed declared this is done under a swaps agreement as if this is part and parcel of the daily operations of the Fed. It isn't! This is putting American taxpayers on the hook and this is not even part of the original intention of the crooks at Jekyll Island.
When Portugal tips and you are still looking for a job, they get aid. When Spain needs cash, the Fed opens its ATM, but you won't because the deficits need to be held in check not-with-standing that Obama and his new backup group, the Republicans sing for the rich cause they buy CDs and we cannot afford food and gas. So, my fellow Americans I bid you a Merry Christmas and hope for the rise of a new political party in 2011. A party that relates to a Billy Joel Christmas Carol, called, "Allentown." 
"Well we're living here in Allentown. And they're closing all the factories down. Out in Bethlehem they're killing time - filling out forms, standing in line. And we're living here in Allentown."

Chamberlain Appeasement...ended with WAR

...And Obama's will end with the destruction of our economy and dollar. I called that the House would pass the Bush Tax cuts. Now, I'm calling for a new political party for the cries of the disenfranchised Americans, both poor and middle class. I feel that it should emulate the thinking of Jefferson and Madison in substance. How about the Neo-Federalists for a name? Of course, you can submit one and we can poll it. Last thought, gold is going to pull-back due to the Euro problems and the flight to the dollar. This will be your last chance to get it cheap.

The Bad Boy Christmas List...for hypocrites, phonies and criminals

What does W.Buffett, Goldman Sachs and Republicans have in common?
They all made our list under one category or more. The Oracle of Omaha is loved by many people and I use to count myself among the group, however time reveals all and "Time has come today..." Warren is best known as a value investor and is often quoted as opposed to credit default swaps(CDS). He USE to call them,"weapons for mass financial destruction." Now, he uses them and he favors the continuation of non-regulations for them. Bad, but it gets worse. Last year his company took over a railroad giant, Burlington Northern. He immediately laid of 10,000 workers and at present, he is twisting political lawmakers to change our border laws to allow train inspections for engines, cars and parts to be done in Mexico. This is outsourcing of jobs and he says he is bullish on America. Which America, I ask? The one that squeezes workers dry for bottom line profits and uses the present unemployment situation to scare any worker protests? Yeah, that is his choice. Actions speak louder than words. Warren is no George Bailey.
Next, the Wall Street darling, Goldman Sachs. The one that survived our governments case against them and the one that loudly proclaimed that they did not take any TARP money under the bailout program. LIARS! They took over $10 billion, and billions more under a different bailout category. One more thing, how is it that a corporation can commit a crime, even guilty of murder and yet, not claim guilt or have their company disbanded under public safety? Goldman doesn't operate a bank or understand fiduciary like Amadeo Giannini.
Finally, the political party that claims to be financially conservative and is needed as a watchdog for those tax and spend Democrats, the Republicans. The Mid-term elections saw Americans return in mass to these so-called conservatives. They are Hypocrites!
Behind closed doors with another phony, President Obama, the two formulated a plan for the Bush Tax Plan(for the rich) and our laid off workers (poor&middle class) seeking unemployment benefits which have expired. They announced their plan last Monday(2010) and the only hope for America is some backbone in the Democratic Party to veto this plan in Congress. We now know that they don't have any. We need a new political party which stands for the people and not that hijacked Tea group. I drink coffee. Can't wait for the next big deal here in 2012.
Who Wins, Loses?
The government wins and its citizens lose.
By the way the big deal of 2010 cost another $110 billion to our time bomb of debt and adds another hammer-to-the-nail in the dollar purchasing power. The party of Lincoln has evolved to the rich. I declare them the hat trick winners of this list: Hypocrites, Phonies and Criminals!

First Shot WW-3...whose the terrorists?

WikiLeaks published a collection of old cables from 2007, it shows that diplomats are fast to go to the gun like with Iran. It reveals the daily conflicts in Iraq and Afghanistan and mostly, how negative they are in their approach to world situations lacking both patience and creativity. Julian Assange, the founder of the site is now a wanted man. They have shut down his site in America and seeking to shut him down, period. A Canadian political leader seeks the death penalty. There are polls out stating that 4-out-of-5 think WikiLeaks is a terrorist site. These are the same polls and results that state 4-out-of-5 of the flying public don't have any qualms about being search physically or shot with microwaves. They never ask me. Did they ever ask you? And yet, they swear by the results.
At the same time of the action in the above paragraph it was revealed that China, back in April 2010 hijacked the Internet for fifteen minutes. What they did was force all internet communication to through China for the stated time. By doing this they showed that they could control the world computers. Can you understand the many ramifications of this act? Not only are they now able to hack into any one's or nation's computer system, but they can put false commands into these systems and more. If you wanted to declare war on a nation, attacking its cyber capabilities would be the initial step and this is what they did and yet, not a word about this definite terrorist act. Go figure!
Our only protection from this point onward is to begin the process of re-manufacturing in this country by imposing protectionism for our economy, exiting all world entanglements like the WTO, NATO, NAFTA and CAFTA (which only gave us SHAFTA!)and end the FED.
It was also revealed this week that during the financial meltdown in 2007-2008 that our Federal Reserve, the socialist arm of the banking industry, lent foreign banks over $272 billion in our taxpayer dollars, putting all of us in peril. Nassim Taleb, the author of The Black Swan, says that Ben Bernanke is immoral. I say that he is a traitor! What do you say? Who is the real terrorist?

Did I tell it...like it is?

Bailout for Ireland? Yes, we said. Who is next? Portugal, California? Spain? See something wrong here? Lots of questions, but few answers. This is not a quiz, just reality. Mark the date - 26 November, exactly one month from St. Steven's remembrance, I believe, but the death of bailouts is just beginning. Sorry, but waste not want not and I have a lot of turkey leftover and I have to get back to work. After all, somebody has got to do it.

Common Denominator w/Fed,IMF and EU...when in doubt - PRINT

Next week we should hear about the bailout for Ireland. Just in time for our Thanksgiving Day and the market should give thanks by shooting upwards. However, waiting in the shadows is Portugal, Greece(again), and France. The problem for the European Union is between them and the International Monetary Fund is a limited amount of capital unlike our Federal Reserve which has no restraints. The country which could be the tipping point is Spain. Ireland only(only?) needs $300 billion euros, but Spain will need one trillion euros and the vault is empty. Better get some gold, especially after the pullback and the predictable flight to the dollar when this crisis hits the fan.
It is no different here in the states. There are over 36 states that have a budget gap and this has been going on since before Eisenhower in one form or another. Our government gives it euphemistic terms like earmarks, pork barrel, infrastructure, stimulus, whatever. It is debt that is being added to our national debt because of politics and a lack of discipline by our state governments. Almost every state took some of the last stimulus for their education system, police or fire departments, highway maintenance or similar needs. They are counting on getting even more in 2011 or risk default. Our biggest state by population is first on the list, but this time our printing press sits idle. It is out of ink and the electric bill hasn't been paid because the public has woken up. Praise the Lord!
The real problem will be in austerity. President Sarkozy of France faced riots in the street because he changed their Social Security(they call it - Pension)from 60 to 62. He got elected on change. Does that sound familiar? He has failed to do what he promised to do for France. He may lose the next election like President Obama for similar reasons. Nouriel Roubini believes the EU will collapse because of the weight of its debt. We are looking at the same scenario, but forget about it this week and enjoy your family, friends and love ones. Peace, Be With You.

QE2...The Invisible Tax and other Manipulations

Last week the Fed made definite the hints of quantitative easing. They will buy Treasuries(no one else will)which will pump another $600 billion into the money supply. This monetizing of debt is a direct revelation of a lie that Helicopter Ben Bernanke made last year when he said that the Fed would not monetize the debt. In addition, Treasury Secretary, Turbo Timmy Geithner, said that the Treasury would not seek to devalue the dollar. These blatant lies are better than Young and Restless.
The bottom line is that the dollar has lost 14% of its purchasing power since last July. This may be good for the rally in the stock market, but it is hardship to Main St. At a time of the longest stretch of long-term unemployment, 43.9 million Americans collecting food stamps and the loss of unemployment benefits, the Fed's action has caused the "silent thief" to strike our households. The price of unleaded gasoline has risen 15% since September and according to the Department of Agriculture the price of corn has risen 47% this year. I place these two examples because next week is a big week for government agencies to make their reports or should I say their manipulated, massage announcements.
The Fed also stated last week that they could do QE because inflation was benign. Yeah, right! How can you place the two examples, one in energy and the other in food with their report? Simple. They don't include the things that we need in our daily life. Why do we let them control our money? Why do they even exist?
In any case a report on retail sales will give a clue to the holiday season and effect market direction. Also, we will get another jobless claims report. I bet that they don't mention or include the 2.3 million workers in California who received pink slips last week - and this is only one state. Instead I bet that you will hear about Amazon hiring 1,300 for Christmas who will be back on the street by January. There will also be a report on housing starts and building permits. They can't manipulate this report, however since all the big banks have stopped their foreclosure proceedings, that aspect could effect the stats.
Finally, under the question of why - I place this tidbit. In 1936 the Federal Register which contains rules and regulations was 2,600 pages in length and today, it is over 80,000 pages. How much more can they manipulate? Go figure.