Saturday, December 4, 2010

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?

Friday, November 26, 2010

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.

Friday, November 19, 2010

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.

Saturday, November 13, 2010

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.

Saturday, November 6, 2010

Veteran's Day...a Call Back for a Call Down

VETERAN'S, we need you one more time. In this call to duty I'm asking you to do battle against the real enemy - the military complex. These bureaucratic generals have systematically divided our country both literally and figuratively. By the way I do not include the VA in this beat down. The VA people go beyond the call of service by providing the best service that they can achieve even in the face of opposition due to economic restraints. I direct your attention to the Pentagon, NSA, TSA and all the beneficiaries of our front line soldiers who gain economic benefits while real Americans suffer loss of limb, PTSD and death.
Military Complex have locked up all the Southern legislature votes because military bases mean income and jobs in their states. By carefully choosing defense contracts in various other states or building offices in states that do not provide military weapons, the military have ensured their status quo and our nation has become a bully in the world. This goes against the thinking of our Founding Fathers who agreed that entanglements equates to loss of freedom. George Washington highlighted this point in his Farewell Address.
Other actions like limiting journalists to military campaigns, ending the draft to end peace protests and "emergency" proclamations which circumvent democratic decision making have all but ensured their power grab. We will need your voices to our government which will require a Profiles in Courage  vote stop these mad, greedy, short-sighted men from destroying our nation not from outside forces, but economically as the military owns the budget and it is through their wastefulness of resources that we find ourselves in economic turmoil. The military owns the media and through it have brain washed our citizens about dangers to the public like terrorism which only puts more stars on undeserving shoulders and squanders out future.
This is the same scenario that destroyed modern Russia not Reagan, the same for England, the same for Germany, the same for France, the same for ancient Greece or Rome.
A quick review of our military since  WWll.
In Korea the Chinese flew their Russian built Migs from China and attacked our troops. What did the military do when they already had the atomic bomb? NOTHING! Why did they continue the course of acquiring more bombs when they were afraid to use them? That war is technically not over, however the stupidity of thinking remains.
Viet Nam was a call to war because the "domino theory" in Southeast Asia was needed to stop Communism. We got ten years of death because of this LIE.
By creating a professional military we ended peace protests, developed indifference at the polls which the status quo loves and set up the small war concept that maintains power. Think Grenada or Panama. How about the lie of Weapons of Mass Destruction in Iraq? Everything that they have said is a lie and all they do is keep spinning more lies clouding our judgement.
No More Wars! Return our nation to the thinking of our Founding Fathers. We are not the police force for the world. Our mission is to promote the general welfare. Our Founders set our nation on a peaceful course, and we can express this together in song, "GIVE PEACE A CHANCE" or in this universal prayer: Lead me from death to life, from falsehood to truth. Lead me from despair to hope, from fear to trust. Lead me from hate to love, from war to peace. Let peace fill my heart, my world, my universe. Amen. 

Saturday, October 30, 2010

TRICK OR TREAT?...the lie by both of our political parties

TV Political Ads
Are you tried of them yet? I know I am, "I'm gonna cut taxes, create jobs and lower the deficit." Yeah, right? It was two years ago that now, President Obama campaigned on health care under the first payer concept, end the wars, make Wall Street accountable with transparency and offer a CHANGE in Washington. I predict that Republicans will win some seats and I further predict that that is the Halloween trick and all the treats will be for the moneyed class. There will be continuous unemployment, higher taxes and still higher deficit and of course, the military complex will ensure that we will spend another trillion, waste lives and be active in some war somewhere protecting their retirement as the world will develop a hatred of the US because of this policy.
PIONEER
We need to have the courage to form a new political party that mirrors the thinking of our Founding Fathers. The Tea Party began the process, however they have been taken over by extremists right wing Republicans. They have words but no substance. If you want jobs, change our pseudo free trade policy to protectionism like the rest of the world. Exports are only 14% of our economy while 86% suffers. Protect the bigger number and we will immediately lower the deficit, redevelop our economic base in manufacturing and the effects will spread throughout. With jobs will come revenue, less foreclousures, more home buying and the saving of the real middle class not some out-of-touch $250,000 income that only 3% achieve.

Saturday, October 23, 2010

Wall Street Rallies...on the lie of economic gains

Earnings indicate that the rally in the stock market will continue according to the shills and pundits, however many of those gains came on the backs of laid of workers(they call it job productivity and cost cutting), continuing the out-sourcing of jobs(increased by 30% in 2010)and QE2(the devaluing of our dollar for the profits for the banking industry, lobbyists for US companies that export and the hope that the housing industry will stabilize.
Time for a Haircut
If the truth in reporting by the media were complete, our corporate gains due to sales growth did not happen. You cut workers hours and you make them do more with less is the facts behind those profits. Foreign affiliates of US companies increased employment 30% to 10 million on foreign shores while at home the US version of these same companies lost a total of 5.5 million workers since 2001. It continues when Dell announced it is closing its last large US facility in North Carolina. Our economic job haircut comes from the lie of free trade. Isn't it a shame that we invented items like the cell phone and 1.2 billion of them were manufactured elsewhere? Rawlings is the official supplier of Major League Baseball, but not made here. It is the same for many brands like Converse, Hanes and almost any US company. Keep in mind that sovereign wealth funds and foreign companies have gobbled up the likes of Bud, Gerber and many more.  
Finally, when the Fed devalues our dollar we all suffer daily due to the rising cost for food and energy while the few exporting companies(we only export 14% of GDP)made gains due to this decline in the value of the dollar. So, did any of the Feds actions help every day Americans? No! Terminate the Fed. Place protective tariffs on all imports and swing the pendulum back to job security and social mobility at home. Of course, if this policy were to be adopted, Wall St. would tank - let it, afterall the Yankees lost.