The institute that declared the recession over in 2009 is full of hot air. They, like all the agencies and institutions only consider our corporate health. I say both individual and industry must breathe properly.
MEDIA
Will be a good investment this year with the elections and Olympics, but when considering individual situations, it speaks in generalities. The media will pound out more positive stories to set the public mood to develop confidence to prove that research group correct and people like me wrong. If you found work, I'm glad for you, but 14 million people will agree with me. If you have read my blog, my record speaks for itself and with that in perspective I will offer my outlook for 2012.
ELECTIONS
There will be elections in France, Russia,Venezuela and the big one in the U.S. Sadly, I think that all the incumbents will retain office. Putin, actually returns to office, but he was the power behind the president all along. Our nation has shown itself many times, most recently with the two month extension of jobless benefits and the social security tax break. Whether you agree with the new Tea Party members of Congress or not, my concern is where is their resolve? They have given up two times in a row. The first with the debt ceiling and now this. We have no leadership and the new people running always talk of change, but never do. On the other hand let Ron Paul lead the nomination process and the media gangs up on him like he is the devil in disguise(thanks Elvis). Our government owes more than it earns is the problem and it will get worse due to
BABY BOOMERS
who will be on the social security line to the tune of 4.3 million - EVERYDAY for the next 18 YEARS! This will also effect pensions and municipal bonds to which Meg Whitney may only be early with her warning.Transfer payments along with the deficit and lack of leadership will speak even louder next year. If our government were a business or individual, it would be bankrupt. I believe both political parties will speak about immigration late in the campaign. They do not really want to do anything except gather Hispanic votes. They will address all the issues in this manner, especially foreign policy and affairs, to which Iraq will be a problem along with the continuing war in Afghanistan. The way I see it our only hope is
Occupy Wall St, Arab Spring and
whatever new waves of protest forms in 2012. China keeps a lid on things at home, but they will have serious problems coming soon and of course, N.Korea has a new leader who has to pay homage to the military or he will be out. In either scenario it spells problems. All these movements are silent at the moment, but they will be back come this spring. In addition, the
WEATHER
will cause more problems. The temperature was hotter than the 1936 Dust Bowl. We had more tornadoes and severe flooding. If it continues, many global warming is a problem. In any event it will affect food to supplies to housing to which I see is in the last stage from the financial crisis. A large second wave of foreclosures will cause homes values to shrink yet again, however by early 2013 you better grab a house cheap because their will be a change in thinking. The price to replace a home will be way in excess for what is available on the market to which will begin the turn up in prices.
COAL and TRAINS
will be a great investment until CNG overtakes oil in transportation late in the decade. On the surface 2012 will be a copy of 2011, however a new revelation will take notice. We all are aware of the 1% domination, but inflation, joblessness and fear will stop the tech influence. At the moment there are more SmartPhones and IPads than people in our country and with the addition of Siri and near field communication apps, well, the buying will stop for the masses and there will be a tech-gap between the haves and have nots. The same thing happened to the music industry when kids stop buying records. Demographics will affect everything in our society. I also see
HACKING
with crime as a result. It will hit the smart phones, tablets and computers. Personally, I never understood the deal with texting. If you want to inform me, call me. Do not waste my time and money with foolish nonsense. I worry about the price of oil. Irregardless of what CPI says, oil is up and it has been around $100 all year and as a country we set a record for declining use, although the media never mentions it. It is down 6% yoy.
CNG - Long Term
By the end of this decade, compressed natural gas will be the consumer choice for transportation. It is cheaper and cleaner, but it takes time and the transition will be slow due to the lobbyists.
DERIVATIVES
are the time bomb that is running parallel to our national debt. To put this in perspective the total world GDP is $65 trillion and derivative action is in excess of $700 trillion. No one can cover a mistake and the Republicans have halted the Dobbs Finance Bill on derivatives until July 2012 which allows the UNEXPECTED to happen and "Black Swans"can happen. Bottom line: we are led by the rich who never do the right thing for the nation or its people. At the moment the dollar will regain its top spot with the Euro fear and as I stated, China has problems, however the resulting drop in gold will be your best chance to get something good out of all the chaos. Because in the end the love you take is equal to the love you make which is why I say,"END the FED!"
Wednesday, December 28, 2011
Thursday, December 15, 2011
Gamechanging Words for 2012...LIARS and CROOKS
Ever watch JEOPARDY? I will utilize the category concept with some new words that I feel will be front and center in 2012. I know one thing. The media loves new words because they can throw them out to confuse the public and it increases their ratings. Then, after over using them and everyone knows what they imply, they find new ones. It is all a sham to disguise and distract us from our real problems like today we heard that unemployment claims went down 19,000 to an average of 366,000, the lowest since 2008 indicating that jobs are improving. Big, big headline. Well, did you also hear today that the census bureau revealed that 1 in 2 Americans are poor or low class. That is what I'm talking about. Real serious internal problems. The first word on our list is
RE-HYPOTHECATION
Ever hear of it? It is an English law term that is similar to our term lien except in use. A lien is a block on a transaction that has to be cleared in order to execute the transaction. In commodity usage re-hypothecation means your assets can be claimed immediately for failure like for example a margin call. So, when Jon Corzine testified before Congress that he did not know where his client's missing money was located, he told the truth, probably the only one he stated. The problem is the word fiduciary. Goldman Sachs had the same problem when they secretly bet against the same CMO's that they sold to the market. Did Jon Corzine tell his client's that they could lose their money due to re-hypothecation? I bet not! The other problem is the people asking the questions. Why didn't they wrap them around the word fiduciary? Because these are the same people who receive their campaign money from the people that appear before them. They are all LIARS and CROOKS.
Our next word is
WORLD FEDERALISM
What is that, you ask? It is Helicopter Ben dropping our dollars to anyone and everyone in the world. Through the FREDDOM of INFORMATION ACT it was revealed that our Federal Reserve lent out over $7 trillion dollars during the financial crisis. That equals half of our total net worth. No wonder they did not want to be audited. Well, last week they gave away our dollars to Europe and others for basically nothing, putting Americans in jeopardy because we will pay if anything goes wrong with this out of control idiot. The bottom line is this: these people are the ones who got us into this financial mess and it is the same people with their same ideas trying to solve the situation that they created. This is why I say, End the Fed! Start a new political party that works with the concepts of Jefferson and Madison and today's environment. Oh, by the way did you hear that Steuben Glass is no more. We allow the status quo to rule with the lie of free trade and every week another American company dies. The constitution says to PROTECT the GENERAL WELFARE not the welfare of the global community. Our next word is
CYBER ATTACK
We supposedly ended the Iraqi war today, but we are building a compound that holds 16,000. What an outright lie that the government and military believes the public will swallow. In any event the real danger is on our borders, internet space and government debt.
Last year China and Russian hackers stole over $387 billion worth of corporate secrets for product development and our military leaders got us worrying about Middle East training in the dersert. But hey, they allowed the bomb to be stolen from them in the first place. Top security? Ha! Forty thousand people have died in the drug wars on our southern border and we find that one of our agencies are selling weapons to the bad guys. Security? Ha!
Finally, our debt surpassed our GDP for the year, climbs $4 billion everyday and we still have the financial housing crisis, deriveratives running wild and now, their will be a line with 4.3 million baby boomers looking to collect social security putting us deeper in debt everyday. They have no choice because their are no jobs. Government transfer payments will provide half of our economy. We'd better wake up and protect whatever is left like every nation does in the global community. Protectionism is why they are growing and we are shrinking and aging.
LIARS and CROOKS: this week it is AMR which filed for bankruptcy. This whole bankruptcy setup must be over-hauled. It is another lie and sham. The company has over $4 billion in cash and yet it says it cannot meet its obligations. Of course not! It never intended to in the first place. They never funded the pension fund for their workers. With the bankruptcy they screw their shareholders and bondholders and of course, the ratings agency gave their bonds the thumbs up. Every company seems to follow the same scenario and no regulator does anything about it. It all ends in another government program that is also out of funding. Maybe our government is planning the same thing to all of us, cause we know that they have already stole the money that was placed into the social security program. End the FED!
RE-HYPOTHECATION
Ever hear of it? It is an English law term that is similar to our term lien except in use. A lien is a block on a transaction that has to be cleared in order to execute the transaction. In commodity usage re-hypothecation means your assets can be claimed immediately for failure like for example a margin call. So, when Jon Corzine testified before Congress that he did not know where his client's missing money was located, he told the truth, probably the only one he stated. The problem is the word fiduciary. Goldman Sachs had the same problem when they secretly bet against the same CMO's that they sold to the market. Did Jon Corzine tell his client's that they could lose their money due to re-hypothecation? I bet not! The other problem is the people asking the questions. Why didn't they wrap them around the word fiduciary? Because these are the same people who receive their campaign money from the people that appear before them. They are all LIARS and CROOKS.
Our next word is
WORLD FEDERALISM
What is that, you ask? It is Helicopter Ben dropping our dollars to anyone and everyone in the world. Through the FREDDOM of INFORMATION ACT it was revealed that our Federal Reserve lent out over $7 trillion dollars during the financial crisis. That equals half of our total net worth. No wonder they did not want to be audited. Well, last week they gave away our dollars to Europe and others for basically nothing, putting Americans in jeopardy because we will pay if anything goes wrong with this out of control idiot. The bottom line is this: these people are the ones who got us into this financial mess and it is the same people with their same ideas trying to solve the situation that they created. This is why I say, End the Fed! Start a new political party that works with the concepts of Jefferson and Madison and today's environment. Oh, by the way did you hear that Steuben Glass is no more. We allow the status quo to rule with the lie of free trade and every week another American company dies. The constitution says to PROTECT the GENERAL WELFARE not the welfare of the global community. Our next word is
CYBER ATTACK
We supposedly ended the Iraqi war today, but we are building a compound that holds 16,000. What an outright lie that the government and military believes the public will swallow. In any event the real danger is on our borders, internet space and government debt.
Last year China and Russian hackers stole over $387 billion worth of corporate secrets for product development and our military leaders got us worrying about Middle East training in the dersert. But hey, they allowed the bomb to be stolen from them in the first place. Top security? Ha! Forty thousand people have died in the drug wars on our southern border and we find that one of our agencies are selling weapons to the bad guys. Security? Ha!
Finally, our debt surpassed our GDP for the year, climbs $4 billion everyday and we still have the financial housing crisis, deriveratives running wild and now, their will be a line with 4.3 million baby boomers looking to collect social security putting us deeper in debt everyday. They have no choice because their are no jobs. Government transfer payments will provide half of our economy. We'd better wake up and protect whatever is left like every nation does in the global community. Protectionism is why they are growing and we are shrinking and aging.
LIARS and CROOKS: this week it is AMR which filed for bankruptcy. This whole bankruptcy setup must be over-hauled. It is another lie and sham. The company has over $4 billion in cash and yet it says it cannot meet its obligations. Of course not! It never intended to in the first place. They never funded the pension fund for their workers. With the bankruptcy they screw their shareholders and bondholders and of course, the ratings agency gave their bonds the thumbs up. Every company seems to follow the same scenario and no regulator does anything about it. It all ends in another government program that is also out of funding. Maybe our government is planning the same thing to all of us, cause we know that they have already stole the money that was placed into the social security program. End the FED!
Wednesday, November 30, 2011
SC:Failed - Called It - Now I See...LIARS and CROOKS
The Super Committee did nothing, just as I predicted. What's more it reflects that our so-called leaders who are nothing more than rich elite, will only seek personal gain, re-election and maintaining the status quo for their perspective political parties until the next crisis arises to which they will try to achieve more of the same. The problem is the next crisis is here. It showed its face in Europe with the "new" solution to the sovereign nation debt situation. The idea is the same one that I predicted in my unpublished book which kills my internal self because I will not only not receive any credit for the warning, but my solutions to help America to answer these crooks is collecting dust along with it.
ONE WORLD ORDER
These are the super rich, mostly descendants of the aristocracy who under the concept of a One World Order for peace under their rule will help everyone. Yeah, it will bring the working men & women of the world back to feudalism with them in charge. They will have a new world currency to which the banks will dictate how much each nation can spend, on what it can spend it on and what and how much it can produce. The system uses central banks to which they have completed the first stage. The Euro is stage two. You see, last week the banks offered more money for the debt nations if they surrendered their sovereignty. This is the danger! You give up any rights to bankers who are just greedy, moral-less people seeking a return to the aristocracy and feudalism under the disguise of democracy. Please, for the sake of world freedom, just say NO!
Government Jobs
Part of the disguise to our decaying society and our declining standard of living has been the rise of government jobs. These are federal, state and local. They pay a higher wage than the private sector and a package of benefits that suggest a rising middle class which for appearances covers all bases except the Occupy Wall Street came along and soon these discrepancies will come to light. For those who understand the situation like Stephan Moore in his Wall St. Journal article points out that more Americans work for the government than construction, farming, fishing, forestry, manufacturing, mining and utilities COMBINED! Nearly half of the $2.2 trillion cost of state and local government is the $1 trillion a year for pay and benefits of its employees. By the way 37 states have pensions that are unfunded and I don't give a damn about those people even though I will feel and understand their pain. They have been taking all these years while the rest of us have suffered. Sorry, that is the way I feel about it. It is up to you to force your state to honor your benefits, not the nation.
This is the collusion that government produces that works for the One World Order scheme. The second? The lie of free trade. It is their cornerstone to cause the decay in the U.S. If and when we collapse, the rest of the world will fall into place. Europe is just paving the roadway system that our corrupt leaders will turn to when our nation faces its financial nightmare called our debt which Mayer Rothschild stated back in Napoleon's time, "give me control of a nation's money, and I care not who makes the laws."
How Do They Know
...because every time there is risk in the marketplace, it turns to the dollar. Folks, the dollar is rising because of all the risks being created in Europe and today the banks came out with their plan. You see, no one wanted to buy the dollar because of all our debt, however if and this is what I hope for, that the Euro fails then all these banks will suffer unless they have some dollars to cover their assets which will decline in relationship to the dollar. So, our Fed is supplying dollars incase they need them if all hell breaks loose in Europe. By having dollars it will balance out any loses with the Euro or in any basket of currencies. Our Fed is corrupt and it is their strength in these emergencies.
Meanwhile
...back at the ranch people are doing what these same people want them to do - consume and apparently pepper spray is the best buy in town, whether you're at Walmart, UC Berkeley or Wall Street. Did you get a rash? Try VIOXX. Oh, wait! Merck recalled it and they paid a huge fine, but admitted no guilt. Never could understand how a company can commit a felony and not close shop? The Republicans have the nerve to want no rules and regulations and yet, this stuff happens year in and out. Crooks!
And the Beat Goes On
Over 40% of the students in Detroit don't graduate. Over 50% of Hispanics don't graduate and everyone goes to Black Friday, Small Business Saturday(I like that idea)and Cyber Monday.
By the way bank prosecutions are down under both political parties tenure's. Didn't we just experience the worst financial crisis? Bernie Madoff and others? Yeah! No rules and regulations or water down whatever ones got through. This is our leaders?! ...And then, we keep the Sabanes-oxley act which only hurts small startups which results in less competition to the conglomerates and didn't prevent the disasters that Enron left us exactly ten years ago this week.
Stress Test for Banks
It's coming and isn't it funny that the Fed pushes this one day and the next, announces a world cooperation to exchange currency swaps, cutting the price to exchange money. And at the same time the rating agencies finally did their job and downgraded the banks, which our Fed counter acted upon. Speaking of the stress test, this time it is set to imagine 13% unemployment which is closer to the present situation, but will reflect a future time when they will admit it it is that high, however it will be more like 17% at that time. It's coming people. Prepare! Don't waste your money on another stupid gadget. Sorry, that is what I see coming down the pike.
LIARS and CROOKS: See Merck above or Newt Gingrich who consulted with Fannie Mae and Freddie Mac people to the tune of over $1 million and he calls the other Republican candidates doing the request of lobbyist. He is the only candidate that is clean. Ha! Get out of town! End the Fed!
ONE WORLD ORDER
These are the super rich, mostly descendants of the aristocracy who under the concept of a One World Order for peace under their rule will help everyone. Yeah, it will bring the working men & women of the world back to feudalism with them in charge. They will have a new world currency to which the banks will dictate how much each nation can spend, on what it can spend it on and what and how much it can produce. The system uses central banks to which they have completed the first stage. The Euro is stage two. You see, last week the banks offered more money for the debt nations if they surrendered their sovereignty. This is the danger! You give up any rights to bankers who are just greedy, moral-less people seeking a return to the aristocracy and feudalism under the disguise of democracy. Please, for the sake of world freedom, just say NO!
Government Jobs
Part of the disguise to our decaying society and our declining standard of living has been the rise of government jobs. These are federal, state and local. They pay a higher wage than the private sector and a package of benefits that suggest a rising middle class which for appearances covers all bases except the Occupy Wall Street came along and soon these discrepancies will come to light. For those who understand the situation like Stephan Moore in his Wall St. Journal article points out that more Americans work for the government than construction, farming, fishing, forestry, manufacturing, mining and utilities COMBINED! Nearly half of the $2.2 trillion cost of state and local government is the $1 trillion a year for pay and benefits of its employees. By the way 37 states have pensions that are unfunded and I don't give a damn about those people even though I will feel and understand their pain. They have been taking all these years while the rest of us have suffered. Sorry, that is the way I feel about it. It is up to you to force your state to honor your benefits, not the nation.
This is the collusion that government produces that works for the One World Order scheme. The second? The lie of free trade. It is their cornerstone to cause the decay in the U.S. If and when we collapse, the rest of the world will fall into place. Europe is just paving the roadway system that our corrupt leaders will turn to when our nation faces its financial nightmare called our debt which Mayer Rothschild stated back in Napoleon's time, "give me control of a nation's money, and I care not who makes the laws."
How Do They Know
...because every time there is risk in the marketplace, it turns to the dollar. Folks, the dollar is rising because of all the risks being created in Europe and today the banks came out with their plan. You see, no one wanted to buy the dollar because of all our debt, however if and this is what I hope for, that the Euro fails then all these banks will suffer unless they have some dollars to cover their assets which will decline in relationship to the dollar. So, our Fed is supplying dollars incase they need them if all hell breaks loose in Europe. By having dollars it will balance out any loses with the Euro or in any basket of currencies. Our Fed is corrupt and it is their strength in these emergencies.
Meanwhile
...back at the ranch people are doing what these same people want them to do - consume and apparently pepper spray is the best buy in town, whether you're at Walmart, UC Berkeley or Wall Street. Did you get a rash? Try VIOXX. Oh, wait! Merck recalled it and they paid a huge fine, but admitted no guilt. Never could understand how a company can commit a felony and not close shop? The Republicans have the nerve to want no rules and regulations and yet, this stuff happens year in and out. Crooks!
And the Beat Goes On
Over 40% of the students in Detroit don't graduate. Over 50% of Hispanics don't graduate and everyone goes to Black Friday, Small Business Saturday(I like that idea)and Cyber Monday.
By the way bank prosecutions are down under both political parties tenure's. Didn't we just experience the worst financial crisis? Bernie Madoff and others? Yeah! No rules and regulations or water down whatever ones got through. This is our leaders?! ...And then, we keep the Sabanes-oxley act which only hurts small startups which results in less competition to the conglomerates and didn't prevent the disasters that Enron left us exactly ten years ago this week.
Stress Test for Banks
It's coming and isn't it funny that the Fed pushes this one day and the next, announces a world cooperation to exchange currency swaps, cutting the price to exchange money. And at the same time the rating agencies finally did their job and downgraded the banks, which our Fed counter acted upon. Speaking of the stress test, this time it is set to imagine 13% unemployment which is closer to the present situation, but will reflect a future time when they will admit it it is that high, however it will be more like 17% at that time. It's coming people. Prepare! Don't waste your money on another stupid gadget. Sorry, that is what I see coming down the pike.
LIARS and CROOKS: See Merck above or Newt Gingrich who consulted with Fannie Mae and Freddie Mac people to the tune of over $1 million and he calls the other Republican candidates doing the request of lobbyist. He is the only candidate that is clean. Ha! Get out of town! End the Fed!
Tuesday, November 15, 2011
ECONOMIC PNEUMONIA...LIARS and CROOKS
Last week a number of things took place. We had a once only calendar date of 11-11-11 or we thought because that date happened in the middle ages and before that in 11 A.D. Nevertheless, the number eleven is associated with insightfulness. If you were around a gambling institution like Vegas, I'm sure six aces on the slot machine indicated a jackpot and you don't need any intellectual to explain what insights await you. The next day was "Pneumonia Day" which was marked by having the vaccine given to poor countries of the world to prevent the virus that also visits the world usually during late fall.
In government it is time for the annual budget and their own version of a fungus. Our government budget is projected to run in the red to the tune of $1.3 trillion. The government also has a second set of books which contain unfunded liabilities of the first book. This total reaches $53 trillion or around $175,000 per person. Do you have yours,'cause I sure as hell don't have mine. What happened?
Third World Doctors
There is a disease called bonds. You print a piece of paper that says you owe $1.3 trillion and you close the book until next year. They use to call that a banana republic. When these economic doctors are asked how our economy looks and when will things get better? They offer this diagnosis. We will grow out of it. Unemployment will gradually get better. The housing market will stabilze. Our prescriptions which includes a jobs plan, expanding of our exports with low fiancing will allow our economy to recover. LIES! They have not addressed the cause of the virus. They only have tried the ancient practices that should be banned like in the middle ages when doctors used leeches or believed in spontaneous generation. How about this doctor of economics, Larry Summers who says,"debt got us into this mess and debt will get us out of it." How about uncle Ben who gave this medical answer of deceit, "it will take around five years for unemployment to return to the lower previous levels." What he was really saying is the boomers will be retiring during the next five years and hopefully those jobs will open up for the unemployed.
REAL WORLD
People lose their homes if they don't pay their mortgage. In the middle ages they put you in debtor prison. Economic responsibility means you only buy what you can afford. If you use the credit card, there will be interest expense added to the bill. Use appropiately is the...
Economic Vaccine.
Our government is corrupt. They not only have spent money recklessly, but have maintained an ideology since the Marshall Plan that is flawed. This is the cause of all the disease of deficit spending.
They have not protected the American worker which is a violation of the constitution to promote the general welfare. Do you want to know why stimulus failed? It is because over the years the recipients of these government contracts to provide work has changed. In the good-old-boy days the only worry about a government contract was how much off the top the man would take. We could benefit from American made equipment, but no longer. Today, foreign companies with foreign made equipment are getting those deals leaving crumbs for our workers. This is how bad out-sourcing has become added to the lie of free trade. And then of course, they put all this negative into bonds which has a very present day affect: the destruction of the dollar which is also in violation of the constitution.
BIG PICTURE
If you look at our government report card since the Marshall Plan, debt stands out. There have been three generations. We had years of growth. We had innovation, but we have NEVER put a dent into the debt ledger column. Today, we hope that GDP grows at a meager 2%. Do you want to know the rate that debt expands? It is at 8%. We are losing every second of our lives. The only way that it can be reduced is to have a surplus and then, pay it down. There has been only one month in the year within which the government has a surplus and that is April. That was then, today even April runs a deficit.
CBO Report
I looked at a ten year span to cover both political parties. The first yearly budget that I checked was in 1996 under Rubin. He stated that our government was in the red to the public for $5.3 trillion. He did not mention the debt held by foreigners. He did not mention unfunded liabilities. Then, I ckecked the budget in 2006 which estimated the debt to be at $9 trillion. They did mention that if you added the unfunded liabilities the total reaches $53 trillion and that is five years ago and I might add that President Bush stated in 2001 that the debt would be cut in half, however it doubled. Debt has expanded 73% and it is compounded. Every facet of our government is corrupt. Fannie Mae and Freddie Mac needed $169 billion bailout in 2008. Don't worry that will be enough. We will get better. Yeah, last week they asked for $7 billion more, pushing the on going total past $200 billion and get this the CEO gets paid $33 million. For what? To lose billions. Get out of town! Bottom line: End the Fed! Do not vote for any candidate that is a Democrat or Republican. Occupy Wall Street needs to declare a new political party of the people, by the people and for the people.
LIARS and CROOKS: Dr.Michael Salemi of North Carolina University who said,"Ron Paul is illiterate because he believes in the gold standard." Yeah, I should believe in fiat money that is worthless money and that gets devalued every day making life in the misery index off the charts. I'm illiterate too. This is an economic professor/doctor and I can't get my book published.
In government it is time for the annual budget and their own version of a fungus. Our government budget is projected to run in the red to the tune of $1.3 trillion. The government also has a second set of books which contain unfunded liabilities of the first book. This total reaches $53 trillion or around $175,000 per person. Do you have yours,'cause I sure as hell don't have mine. What happened?
Third World Doctors
There is a disease called bonds. You print a piece of paper that says you owe $1.3 trillion and you close the book until next year. They use to call that a banana republic. When these economic doctors are asked how our economy looks and when will things get better? They offer this diagnosis. We will grow out of it. Unemployment will gradually get better. The housing market will stabilze. Our prescriptions which includes a jobs plan, expanding of our exports with low fiancing will allow our economy to recover. LIES! They have not addressed the cause of the virus. They only have tried the ancient practices that should be banned like in the middle ages when doctors used leeches or believed in spontaneous generation. How about this doctor of economics, Larry Summers who says,"debt got us into this mess and debt will get us out of it." How about uncle Ben who gave this medical answer of deceit, "it will take around five years for unemployment to return to the lower previous levels." What he was really saying is the boomers will be retiring during the next five years and hopefully those jobs will open up for the unemployed.
REAL WORLD
People lose their homes if they don't pay their mortgage. In the middle ages they put you in debtor prison. Economic responsibility means you only buy what you can afford. If you use the credit card, there will be interest expense added to the bill. Use appropiately is the...
Economic Vaccine.
Our government is corrupt. They not only have spent money recklessly, but have maintained an ideology since the Marshall Plan that is flawed. This is the cause of all the disease of deficit spending.
They have not protected the American worker which is a violation of the constitution to promote the general welfare. Do you want to know why stimulus failed? It is because over the years the recipients of these government contracts to provide work has changed. In the good-old-boy days the only worry about a government contract was how much off the top the man would take. We could benefit from American made equipment, but no longer. Today, foreign companies with foreign made equipment are getting those deals leaving crumbs for our workers. This is how bad out-sourcing has become added to the lie of free trade. And then of course, they put all this negative into bonds which has a very present day affect: the destruction of the dollar which is also in violation of the constitution.
BIG PICTURE
If you look at our government report card since the Marshall Plan, debt stands out. There have been three generations. We had years of growth. We had innovation, but we have NEVER put a dent into the debt ledger column. Today, we hope that GDP grows at a meager 2%. Do you want to know the rate that debt expands? It is at 8%. We are losing every second of our lives. The only way that it can be reduced is to have a surplus and then, pay it down. There has been only one month in the year within which the government has a surplus and that is April. That was then, today even April runs a deficit.
CBO Report
I looked at a ten year span to cover both political parties. The first yearly budget that I checked was in 1996 under Rubin. He stated that our government was in the red to the public for $5.3 trillion. He did not mention the debt held by foreigners. He did not mention unfunded liabilities. Then, I ckecked the budget in 2006 which estimated the debt to be at $9 trillion. They did mention that if you added the unfunded liabilities the total reaches $53 trillion and that is five years ago and I might add that President Bush stated in 2001 that the debt would be cut in half, however it doubled. Debt has expanded 73% and it is compounded. Every facet of our government is corrupt. Fannie Mae and Freddie Mac needed $169 billion bailout in 2008. Don't worry that will be enough. We will get better. Yeah, last week they asked for $7 billion more, pushing the on going total past $200 billion and get this the CEO gets paid $33 million. For what? To lose billions. Get out of town! Bottom line: End the Fed! Do not vote for any candidate that is a Democrat or Republican. Occupy Wall Street needs to declare a new political party of the people, by the people and for the people.
LIARS and CROOKS: Dr.Michael Salemi of North Carolina University who said,"Ron Paul is illiterate because he believes in the gold standard." Yeah, I should believe in fiat money that is worthless money and that gets devalued every day making life in the misery index off the charts. I'm illiterate too. This is an economic professor/doctor and I can't get my book published.
Saturday, October 29, 2011
Europe: Next Crisis - A NO Vote= Stagflation Reality...LIARS and CROOKS
The news from Europe that it indeed had reached a "Grand Plan" sparked a worldwide rally in stocks, especially in the financial industries. The idea is the lending institutions holding Greek paper would receive 50% less on the current loans and with everyone providing more money to control any other outbreaks of financial contagion all would be fine and these very same lending institutions would recover the losses through new loans and having the safety net of the rescue fund. What the plan lacks of course is a finalized agreement on paper and on Tuesday the Greek government decided to put it up as a national vote. Needless to say, panic hit the world markets and for desert MF Golbal declares bankruptcy. This is only surface problems, as none of these world expert economist or central bankers have the foresight to see what is happening at the moment. The current trend in world prices will destroy their projections on income and growth and as for future expenses, all the unfunded obligations will multiply because of present price increases. And of course, I can't get my book published.
Future is Here
All the Western Nation's are deep in debt, nothing new here, but the debt that I refer to is unfunded obligations which are debts that will be coming forth in the near future which will crush all the so-called facts and figures that they just released in Europe and soon to be released by the Super-Committee in the U.S. on November 23rd, next month. This turkey can be basted, have all the herbs & spices, but it is spoiled poultry and no chef in the world can save it.
5Xs GDP
At the moment the strongest nation in Europe is Germany, but few realize that Germany is racking up many unfunded obligations and all these resue packages is adding to their dilemna as well as all the other members of the Euro. Germany has a future of 418% more debt than its GDP and it will be coming due. Things like funding companies, pensions, insurance to projects, past bonds that are maturing. France is worse. They will have 549% of debt to GDP that is coming due. And these are the leaders of Europe?
Who is going to bailout the bailouters?
The U.S. is in the same boat. Our future debt is 5-times our present GDP and we face a series of conundrums. One, our revenues are falling, but our spending is increasing. We spend $3 dollars while we only collect $2 dollars out of every $5 dollars. At the moment it adds up to $46,000 per person. Do you have yours? I don't. This is worse than the Titanic. This boat sinks off the entry into the water. The second issue is the very tricks and schemes that our government uses to steal our money makes them blind to their actions. They did not see the housing bubble. Why? There schemes showed housing as a rising sector for employment and not a runaway price bubble. What I'm referring to is the government agencies that report the different aspects of our economy. For instance, the consumer price index. This has been massaged so much that it is nothing but bureaucratic B.S. They do not include food and energy because they say they are too volatile. Yeah, they keep rising! They say for instance, a new house rose in price, but it is actually cheaper because it has new efficient appliances. Yes, we should build more. We will get better employment numbers. More revenues. Idiots!
And the other reason that they don't see problems is because the appointees are selected by "soft" money who do the status quo bidding. This is why MF Global failed even though the rating agencies just supported one of their bond offerings.
Corruption!
Bottom line: government uses this logic from these people to lower the projections of inflation. Inflation, according to the government and the Fed is within their guidelines of 2% to 3%. Meanwhile, we all know that gas is up $1.19 this year, coffee, sugar, food all up 200% and this brings me to the conclusion that we are in a stagflated economy which is the worse economy. Stagflation means things that are needed like food and energy along with everything else rise in price, while our wages remain stagnant or decline. I already provided food and energy and a trip to the supermarket will confirm the prices, so let us look at the other side of the equation. We have 14 plus million people unemployed. We have another 6 million underemployed which means stagnant to lower wages with everyone else other than the rich in the same boat. The only reason no one has reached this conclusion is because it looks different than the 1970s version of stagflation.
STAGFLATION MILENNIUM
One of the disguises is from the food industry. They feel the price increases, but they choose to hold them as a "cost bubble." They have limited their price increases, but they have resorted to one of their favorite tricks, size.
In Food It Matters.
They present the same size can, package or box, however if you look closer you will see that it contains less product. The 16 ounce can now only has 12 ounces of product which in my math is 25% less and there is your cost bubble. They also have utilized the discount stores with oversize packaging. You buy in bulk. It is great for them because they sell more product whether you need that much or not and they only have to ship it in one size which lowers their cost.
The government uses the Fed in the same way. They need money and no one will buy their bonds except the Fed who prints more money which dilutes the purchasing power of our dollar and this is stealing. In fact, even if you use their cheating, lying figures that the government releases for your future retirement, this is the bottom line: For every $100,000 that you save, in ten years, it will only purchase $77,000. The reality is inflation is over 9% which lowers your $100k down to $37K. How do you like that math? The dollar has fallen 66% in relation to the Euro since 2002. That is why we need to End the Fed!
Final Comundrum
When you add the unfunded liabilities like social security with its 77 million baby boomers, Medicare, Freddie&Fannie Mae and all the rest to the present deficit, it is clear that we are the worst nation on earth and no one will help us. Keep in mind that the Euro idea is to combat the U.S. in world trade. It is in our best interest that it fails along with all the other emerging nations who at the moment are making plans to replace the dollar as the worlds reserve currency. No one is our friend in reality. Globalization is a lie that promotes the outsoucing of jobs, ruins our standard of living and destroys our dollar.We may need world trade is some things and instances like resourced starved nations, food shortages, however no one needs to make something that you can make yourself. If we allow the two corrupt political parties to maintain their power structure, we are doomed to suffer a decade of stagflation and things will only get worse. We need to end the Fed! We need to form a new political party that represents the thinking of Jefferson and Madison. We need to Evolve Our Democracy.
LIARS and CROOKS: The Fed who will give us more suffering as on Halloween Night this year our debt will surpass our GDP. Our government gives treats to the rich and tricks to the rest of us.
Future is Here
All the Western Nation's are deep in debt, nothing new here, but the debt that I refer to is unfunded obligations which are debts that will be coming forth in the near future which will crush all the so-called facts and figures that they just released in Europe and soon to be released by the Super-Committee in the U.S. on November 23rd, next month. This turkey can be basted, have all the herbs & spices, but it is spoiled poultry and no chef in the world can save it.
5Xs GDP
At the moment the strongest nation in Europe is Germany, but few realize that Germany is racking up many unfunded obligations and all these resue packages is adding to their dilemna as well as all the other members of the Euro. Germany has a future of 418% more debt than its GDP and it will be coming due. Things like funding companies, pensions, insurance to projects, past bonds that are maturing. France is worse. They will have 549% of debt to GDP that is coming due. And these are the leaders of Europe?
Who is going to bailout the bailouters?
The U.S. is in the same boat. Our future debt is 5-times our present GDP and we face a series of conundrums. One, our revenues are falling, but our spending is increasing. We spend $3 dollars while we only collect $2 dollars out of every $5 dollars. At the moment it adds up to $46,000 per person. Do you have yours? I don't. This is worse than the Titanic. This boat sinks off the entry into the water. The second issue is the very tricks and schemes that our government uses to steal our money makes them blind to their actions. They did not see the housing bubble. Why? There schemes showed housing as a rising sector for employment and not a runaway price bubble. What I'm referring to is the government agencies that report the different aspects of our economy. For instance, the consumer price index. This has been massaged so much that it is nothing but bureaucratic B.S. They do not include food and energy because they say they are too volatile. Yeah, they keep rising! They say for instance, a new house rose in price, but it is actually cheaper because it has new efficient appliances. Yes, we should build more. We will get better employment numbers. More revenues. Idiots!
And the other reason that they don't see problems is because the appointees are selected by "soft" money who do the status quo bidding. This is why MF Global failed even though the rating agencies just supported one of their bond offerings.
Corruption!
Bottom line: government uses this logic from these people to lower the projections of inflation. Inflation, according to the government and the Fed is within their guidelines of 2% to 3%. Meanwhile, we all know that gas is up $1.19 this year, coffee, sugar, food all up 200% and this brings me to the conclusion that we are in a stagflated economy which is the worse economy. Stagflation means things that are needed like food and energy along with everything else rise in price, while our wages remain stagnant or decline. I already provided food and energy and a trip to the supermarket will confirm the prices, so let us look at the other side of the equation. We have 14 plus million people unemployed. We have another 6 million underemployed which means stagnant to lower wages with everyone else other than the rich in the same boat. The only reason no one has reached this conclusion is because it looks different than the 1970s version of stagflation.
STAGFLATION MILENNIUM
One of the disguises is from the food industry. They feel the price increases, but they choose to hold them as a "cost bubble." They have limited their price increases, but they have resorted to one of their favorite tricks, size.
In Food It Matters.
They present the same size can, package or box, however if you look closer you will see that it contains less product. The 16 ounce can now only has 12 ounces of product which in my math is 25% less and there is your cost bubble. They also have utilized the discount stores with oversize packaging. You buy in bulk. It is great for them because they sell more product whether you need that much or not and they only have to ship it in one size which lowers their cost.
The government uses the Fed in the same way. They need money and no one will buy their bonds except the Fed who prints more money which dilutes the purchasing power of our dollar and this is stealing. In fact, even if you use their cheating, lying figures that the government releases for your future retirement, this is the bottom line: For every $100,000 that you save, in ten years, it will only purchase $77,000. The reality is inflation is over 9% which lowers your $100k down to $37K. How do you like that math? The dollar has fallen 66% in relation to the Euro since 2002. That is why we need to End the Fed!
Final Comundrum
When you add the unfunded liabilities like social security with its 77 million baby boomers, Medicare, Freddie&Fannie Mae and all the rest to the present deficit, it is clear that we are the worst nation on earth and no one will help us. Keep in mind that the Euro idea is to combat the U.S. in world trade. It is in our best interest that it fails along with all the other emerging nations who at the moment are making plans to replace the dollar as the worlds reserve currency. No one is our friend in reality. Globalization is a lie that promotes the outsoucing of jobs, ruins our standard of living and destroys our dollar.We may need world trade is some things and instances like resourced starved nations, food shortages, however no one needs to make something that you can make yourself. If we allow the two corrupt political parties to maintain their power structure, we are doomed to suffer a decade of stagflation and things will only get worse. We need to end the Fed! We need to form a new political party that represents the thinking of Jefferson and Madison. We need to Evolve Our Democracy.
LIARS and CROOKS: The Fed who will give us more suffering as on Halloween Night this year our debt will surpass our GDP. Our government gives treats to the rich and tricks to the rest of us.
Saturday, October 22, 2011
Financial's Rally on Voodoo=LIARS and CROOKS
The bulls engineered a winning streak of four weeks in a row on the stock market. This weeks earnings in the financial sector highlighted the rally, although one of their biggest guns, Goldman Sachs reported a loss. It didn't matter. The sector led the charge and awaits the news across the pond on the euro bailout. If the Europeans do like our Fed, this rally will continue.
He who pays the Singer, calls the Song
And what does the Fed do, pray tell? It is one of the complaints that I mention in my unpublished book, THE EVOLUTION OF DEMOCRACY: the Book of Multiple Ideas and Predictions(cheap plug). In it I mention that one of the problems with gold even when we were on the gold standard was that gold does not pay any interest. I offered the idea that we should have written a law stating that banks had to accept our gold and pay interest on it in the same relationship as if it was paper money. The concept continues to say that the very same banks could get credit with this gold as a temporary solution if a question were to arise on the banks credit worthiness. They could add the gold deposits to their leverage and buy time to actually purchase their own gold. I also offered the idea that foreign governments should not be allowed to exchange their credits for our gold even though the exchange ability would always exist for our citizens. My thinking is that their economies are fiat and therefore not fair to exchange on a dollar-per-dollar basis. I think that the Chinese have read enough of my articles to gleam this idea and they might use it some day. In any case back to the rally last week. Bank of America reported a big profit and the stock popped, however this is how fiat central bankers play tricks on evaluations. They allowed Bank of America and all the other banks to use an accounting voodoo to balance their books. Let me give you an example that you all can understand.
Selling Your Home
You paid x amount of dollars, however the financial crisis has lowered the prices for homes in your area. You could be under water or economically just fine, it doesn't matter. What matters is what the market is paying for homes in your area at the moment. You can ask whatever you want, but reality is what someone will pay and that is the bottom line. Now, Bank of America as well as as all the other banks hold mortgages in their books for these very same homes in your area and mine. Many of these homes are delinquent and many more are under water along with the rest of us who are up to date on our mortgage. The government and the Fed allows these banks to self value the asset value of these mortgages. Bank of America said they were worth way more than the market evaluations of the same properties. Where is accountability? This is a lie which corresponds to the same lie of fiat money. It is based on trust and confidence of the American system. It is not backed by some tangible asset like gold to go along with the American system. The government is trying to win the confidence of the stock market which it hopes will sway the public. Yeah, but will it stop the falling values of homes? Will it find you a livable paying job? They write the rules that allow them to control the system, however the same system in Europe tells you that socialist capitalism does not work unless your currency is strong and their currency is a lie.
Speaking of Lies. This weeks Liars and Crooks goes to Citigroup who paid $285 million dollar fine this week in relationship to their dealings with financial assets during the financial crisis. They packaged mortgage securities that they knew were worthless and in fact they made bets against these same securities on the side. I ask this question. If they were found guilty of deceit or failure of fiduciary obligations to which a citizen would lose their license besides the fine, why are they allowed to be still in business? It is not just them. There are countless cases in the books where people died from bad drugs, poisoned water, et al, and yet, these same companies are allowed to continue operations without a civil obligation to the public. These companies don't argue the accusation, they just pay the fine whereas a citizen would be put in jail under a felony and his business closed. They write the rules for themselves and not what is fair and just. Occupy Wall Street here is a focal point for your anger. End the Fed!
He who pays the Singer, calls the Song
And what does the Fed do, pray tell? It is one of the complaints that I mention in my unpublished book, THE EVOLUTION OF DEMOCRACY: the Book of Multiple Ideas and Predictions(cheap plug). In it I mention that one of the problems with gold even when we were on the gold standard was that gold does not pay any interest. I offered the idea that we should have written a law stating that banks had to accept our gold and pay interest on it in the same relationship as if it was paper money. The concept continues to say that the very same banks could get credit with this gold as a temporary solution if a question were to arise on the banks credit worthiness. They could add the gold deposits to their leverage and buy time to actually purchase their own gold. I also offered the idea that foreign governments should not be allowed to exchange their credits for our gold even though the exchange ability would always exist for our citizens. My thinking is that their economies are fiat and therefore not fair to exchange on a dollar-per-dollar basis. I think that the Chinese have read enough of my articles to gleam this idea and they might use it some day. In any case back to the rally last week. Bank of America reported a big profit and the stock popped, however this is how fiat central bankers play tricks on evaluations. They allowed Bank of America and all the other banks to use an accounting voodoo to balance their books. Let me give you an example that you all can understand.
Selling Your Home
You paid x amount of dollars, however the financial crisis has lowered the prices for homes in your area. You could be under water or economically just fine, it doesn't matter. What matters is what the market is paying for homes in your area at the moment. You can ask whatever you want, but reality is what someone will pay and that is the bottom line. Now, Bank of America as well as as all the other banks hold mortgages in their books for these very same homes in your area and mine. Many of these homes are delinquent and many more are under water along with the rest of us who are up to date on our mortgage. The government and the Fed allows these banks to self value the asset value of these mortgages. Bank of America said they were worth way more than the market evaluations of the same properties. Where is accountability? This is a lie which corresponds to the same lie of fiat money. It is based on trust and confidence of the American system. It is not backed by some tangible asset like gold to go along with the American system. The government is trying to win the confidence of the stock market which it hopes will sway the public. Yeah, but will it stop the falling values of homes? Will it find you a livable paying job? They write the rules that allow them to control the system, however the same system in Europe tells you that socialist capitalism does not work unless your currency is strong and their currency is a lie.
Speaking of Lies. This weeks Liars and Crooks goes to Citigroup who paid $285 million dollar fine this week in relationship to their dealings with financial assets during the financial crisis. They packaged mortgage securities that they knew were worthless and in fact they made bets against these same securities on the side. I ask this question. If they were found guilty of deceit or failure of fiduciary obligations to which a citizen would lose their license besides the fine, why are they allowed to be still in business? It is not just them. There are countless cases in the books where people died from bad drugs, poisoned water, et al, and yet, these same companies are allowed to continue operations without a civil obligation to the public. These companies don't argue the accusation, they just pay the fine whereas a citizen would be put in jail under a felony and his business closed. They write the rules for themselves and not what is fair and just. Occupy Wall Street here is a focal point for your anger. End the Fed!
Saturday, October 15, 2011
Bernanke Law, Holder's Law,Interesting Facts=LIARS and CROOKS
Didn't make it down to Wall St. to support and work with the protesters because I don't have a printer, however I will work on it. Nevertheless our Federal Reserve and its lead singer, Helicopter Ben supplied fresh ammunition on why the Fed should be terminated. Arnold is back making movies and this would be the biggest blockbuster in the sequence of the deadly robot flicks. I can picture it, "Arnold Terminates The Fed." Until then, this is the present. According to the Financial Service Regulatory Relief Act of 2006, the Federal Reserve cannot pay more than the general going rate in the market based on the Treasury Bill. The Fed under Bernanke have been paying banks to sit its short-term reserves with the Fed at .25% which is 25 times the amount of the three month treasury bill which pays interest at .01%. This is another example of SOCIALISM for the banking industry.
GUN SALES TO MEXICO
were approved by the Justice Department and the BATF. These are automatic weapons and they were sold to bidders who included street gangs and drug cartel members. Immediately, the Attorney General denied the knowledge of the "Fast and Furious" sale program, however CBS News reported that they have a memo from a local agent questioning the sales program and it is addressed to the attorney general. Yeah, I'm innocent until proven guilty, but I bet that they didn't arrest Holder.
For the WALL ST. PROTESTERS
Here is something to give you some direction. It is a great quote by Joseph Sobran,"Politics is the conspiracy of the unproductive but organized against the productive but unorganized."
All of the above fall into our category of LIARS and CROOKS including these facts: the percentage of millionaires in Congress is 50 times greater than the general population. That spells class warfare as the rich only do for the rich which explains everything. Since 1913 when the Fed was founded our national debt has exploded 4700 times higher than it was before the Fed. I heard Mitt Romney was going to get tough with China on trade if he is elected president. As of now, our biggest export to China is scrap and trash. What is he going to do, add do-do in a brown bag along with the other junk? At least the issue is on the table and we all should be thankful for that improvement.
GUN SALES TO MEXICO
were approved by the Justice Department and the BATF. These are automatic weapons and they were sold to bidders who included street gangs and drug cartel members. Immediately, the Attorney General denied the knowledge of the "Fast and Furious" sale program, however CBS News reported that they have a memo from a local agent questioning the sales program and it is addressed to the attorney general. Yeah, I'm innocent until proven guilty, but I bet that they didn't arrest Holder.
For the WALL ST. PROTESTERS
Here is something to give you some direction. It is a great quote by Joseph Sobran,"Politics is the conspiracy of the unproductive but organized against the productive but unorganized."
All of the above fall into our category of LIARS and CROOKS including these facts: the percentage of millionaires in Congress is 50 times greater than the general population. That spells class warfare as the rich only do for the rich which explains everything. Since 1913 when the Fed was founded our national debt has exploded 4700 times higher than it was before the Fed. I heard Mitt Romney was going to get tough with China on trade if he is elected president. As of now, our biggest export to China is scrap and trash. What is he going to do, add do-do in a brown bag along with the other junk? At least the issue is on the table and we all should be thankful for that improvement.
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