Sign of the Times...Liars and Crooks

A recent list of names with predictions received their due date today, not all, some are still evolving. Me, I said that the Japanese government and Tepco Utility should come clean about the damage to the nuclear plant. I stated that it is a meltdown and offered a suggestion to entombed the site. Today, they announced that indeed the fuel rods had melted in reactor number one and very severe in three and four.
Meredith Whitney took abuse for stating that there will be many municipal bond deflaults later this year. Today, the state finance minister of Illinois said that taxes to cover the state's deficit would amount to $42,000 for each citizen of that state.
Sergio Marchionne of Fiat, S.p.A. stated in 2009 when Chrysler got out of bankruptcy that he would repay the two governments, US and Canada, the entire bailout with interest. He was jested and that is the nicest thing that "they" said at that time, especially after he laid out his plans for the merger. Today, he repaid the bailout. He is on schedule with his timeline plan. Chrysler made money for the first time in five years and the merger is a real merger with better days coming. And if the NFL ever compromises, the Detroit Lions will do better that Minny or Chicago. That's right I said it and you can call me on it later, if there is a football season.
Ben Bernanke said that QE2 will end in June.
LIARS and CROOKS: A senate bill is circulating that will limit defense spending on printing. Yes, PRINTING! It doesn't matter that the NATO helicopter which is really the American military fired on Pakistani soldiers who fired on the airship after it entered their airspace illegally or that the military stated that they would enter Pakistan again illegally, if they thought that it would result in claiming another terrorist leader and that the two wars have stolen one trillion dollars from our nation for nothing, including the lives of so many brave young men. The senate is watching costs in printing.
One other tibid: The National Literacy Month ended in April, maybe we should give it another try - for the remedial students...and the senate.

DISASTERS: Natural...and Man Made

Got Bills, Need Cash? Sell Assets, Sell House...LIARS and CROOKS

Unlike the government we are mostly still in a recession and the garage sale mentality is spreading to include municipalities and states. Would you sell your house, knowing that you have no place to go? The selling of public assets to private firms is a disease of stupidity. For stop gap cash flow to relieve serious thinking and creative output, small minded officials are misusing their public positions and offering fire sales for landmark buildings, turning over toll roads and even power plants to firms like sleazy, shameful and deceitful.
Look Good Tonight, but in the Morning Light...
Officials are selling their office buildings for immediate cash to cover shortfalls, but for the next twenty years, they will have to rent back or seek leases for the same space and that will only add to their debt along with the loss of an asset.
Make a Donation, Get an Asset
In Wisconsin, they are considering selling their power plants to private companies like Koch, which happens to be a big campaign donator and employs many lobbyists.
In Chicago in 2008, Mayor Daley sold the parking meters to Morgan Stanley, et al. who immediately raised the fees 42%, cut the size of parking spaces and lowered the time allowed on the meter.
And the REPUBLICANS don't want regulation. NOW, YOU SEE WHY!
Fix the pothole? No problem as long as you allow the placing of billboards - Everywhere! You won't see a street name, but you will know where the next fast food joint is located.
LIARS and CROOKS: Can't believe this is true. Sorry, I didn't catch the officials name. He is with the European Common Market(ECM)in the fiance division for the Euro. He said,"Yes, we have to lie when the issue is so serious that we feel that the public just would not understand." And speaking of which the ECM officials said there is no truth that Greece is leaving the Euro, Portugal needs a bailout or Spain for that matter. Ireland is doing a fine job with its austerity program. Believe what you will, but I said it before and I'm saying it again, "END the FED!"

Did They "CHECK" with You?...and LIARS and CROOKS

According to an analysis by the Associated Press of S&P's 500 companies, which had the same CEO for 2009 and 2010 and using a formula which adds up salary, perks, bonuses, preferential interest rates on pay set aside for later, and company estimates for the value of stock options and stock awards for the day granted for the top 50 CEOs of this group. They did not call me. Did they check out with you? In any case, this represents "our" economic recovery. By the way, I know that these guys are fair and when you returned to work, I'm sure that your salary and "check" increased in the same percentage ratio as these leaders. In addition, I'm sure that these same companies increased their profits to the same ratio along with their stock performance. It goes without saying. Right? Also, to limit space, I only used a few of the top 50.
Philippe Dauman, Viacom, $84.5 million, up 149 percent.
David Zaslav, Discovery Communications, $42.6 million, up 265 percent.
Robert Iger, Walt Disney, $28 million, up 30 percent.
David Simon, Simon Property(malls), $24.6 million, up 430 percent.
Ahmet Kent, Coca-Cola, $19.2 million, up 30 percent.
Glenn Britt, Time Warner Cable, $17.3 million, up 10 percent.
David Snow, Medco Health Solutions, $16.4 million, up 23 percent.
Like I asked, how much of a wage increase did you receive?
LIARS and CROOKS: good old "helicopter" Ben held his first Fed newscast after their meeting last week. He admitted there was a little inflation, but it would soon dissipate. Funny, but the CPI does not include food and energy. I guess that last year(2010)when gas was high at $2.68 per gallon and now, approaches $4.00 per gallon and food(up 25 percent), forget about it, we're all on a diet for now, cause' our Fed leader said that these false signs of his spending by the Fed will soon disappear and he supports a "strong" dollar which is down from its purchasing power(joke) of .89 cents to .72 cents. You do the math.

Wake Up Call...and Liars and Crooks

S&P rating agency gave the US government the first ring to get up and straighten out its financial house with a downgrade warning. Congress had two answers. One, from the Democrats by President Obama and one from the Republicans by Congressman, Ryan. Neither will solve the financial deficits facing our government and ultimately, our economy. No one ever mentions the military budget which is over $700 billion. Both parties refer to the recent compromise on the debt ceiling which is also a shame when you consider this fact. The interest on the deficit amounts to $2 million dollars per hour or $48 per day or $336 million per week and equals $1.344 billion a month.
The IMF let the phone ring off the hook(no one picked it up)with this piece of info. Within the next two years the global banking industry will need to roll over one-quarter of their respectice GDP value in new loans to stay solvent. This is hugh when you consider all the sovereign debt nations plus our individual states not to mention the rebuilding of Japan will all be vying for the same buyers of bonds to continue the staus quo. Who you gonna call? GHOSTBUSTERS!
LIARS and CROOKS: Secretary of Treasury, Geithner who said that our deficits pose no danger to our nation, economy or the status of the dollar as the world's reserve currency. Funny, as he was saying this in a China resort town, the BRIC nations plus one, South Africa were discussing how to use another currency besides the US dollar.

JAPAN: An Idea for the Obstacle...also new feature LIARS and CROOKS.

Before I lay out my suggestion I must confess this personal conviction - I am against nuclear energy. It is bad science. This is the facts. While a nuclear plant omits little air pollution while it is functioning, it always bears danger. Do we need to be reminded of Chernobyl and the 2365 years that this area will be uninhabitable? Now, we can add the 2400 years from the Fukushima Power Plant. It has destroyed the agriculture and fishing industry in this area of Japan. The pro-nuclear people will try to spin it saying things like, "the technology is better today and we have learned from past mistakes." Yeah, right, but the fact is one mistake destroys forever! And the mistakes keep happening. In addition, while the plant is working, it produces a by-product that is TOXIC. These spent rods need to be stored and no one really has addressed this issue, including our now closed(due to safety)Yucca Mountain facility.
With this in mind let us recap the Japanese disaster. After the incident, the TEPCO authorities stated that if power were available, they could restart the cooling system. Implying that all will be well. After they received electrical power, it was admitted that dangerous gases were present and it will take another week or two. Implying that all will be well.
It Was Simple Math
We called it. You cannot pour 12 ounces of coffee into a 10 ounce cup. Two ounces will spill. You don't have to be a physicist or an electrical engineer to figure that if 5x the amount of seawater is poured on the reactors to cool it, the results will spill 4x over and onto the surrounding ponds and land, contaminating the area. In addition, seawater erodes the rods causing more leaking into the environment. The next area was the ocean. The decision? The radioactive water had to be dumped into the ocean to get to the really dangerous water in the storage tanks and TEPCO would bring in a new cooling system which will take as long as six months(nice time spread in a crisis). The local ocean water is now 3,335 times over the safe limit and contains radioactive iodine, plutonium and cesium - all TOXIC.
Next week, the TEPCO people will have a new plan with the implication that all will be well. It calls for the Russian ship that filters radioactive water and nuetraizes it, or so they say. On Tuesday, the twelve of April, the Japanese government raised the nuclear warning to the highest number - 7. It's about time to call a spade a spade. The disaster is as bad as Chernobyl in leaking radioactivity into the air. Wall Street better wake up. The insurance claims will be off the chart. The supply line will have serious problems and the IMF downgrading Japan's economy from 1.6 GDP to 1.4 is a joke to the golbal economy. Stop implying all is well. It is a lie.
Well, and that's a deep topic, all is not well. The truth is it will take a decade to be able to safely sink this death plant into the earth and seal it, hopefully preventing further erosion, decay and pollution. Here is my plan.
Start preparing a train rail that goes directly inland to a grave that needs to be dug into the local mountain area. They need to build a HUGH facility in this mountain side because my plan calls this site to be the world's first dump site for spent rods whereby the Japanese nation could charge rent for storing the toxic residue. They will have ten years to get it ready and they should use this time to develop their robotic industry because this work will be extremely dangerous for humans.
ROBOTS NEEDED
As stated this will be dangerous work and robots could do the heavy lifting to place the debris of Fukushima onto the rail line to ship it inland to its grave site. Humans will be needed and if you take the job DEMAND a health plan, 'cause you are gonna need it.
NEW FEATURE: LIARS and CROOKS(one line dedicated to the title bearer)
This week: Ben Bernanke and the FED. It is no wonder that Ben did not want to reveal the truth about who got TARP aid because 70% of the $110 billion went to foreign banks. Our tax money to friends and cronies of the banking industry where they keep the profits and socialize the losses. END THE FED!

Our Democracy...Heading towards Tyranny

Summer time. You and your family are driving out into the country. You make a pit stop. Your kid uses his cell phone to click a passing cow, sheep or horse along a nearby fence. He posts it on his Facebook site or maybe uses it for a classroom exercise concerning the environment or similar aspect. Next stop? Your kid goes to JAIL for committing a FELONY according to a bill that is moving around NOW in Congress. That's right! Talk about using the law to suppress opposition like the abuses that occur on farms, especially pig or chicken butchering locations, growing facilities or combination of the two. You see a cow wavering, falling down not able to stand on its own - you take a picture of it and inform the authorities. Now what? You committted a FELONY with this new bill. This is how the wealthy and the connected use their influence in our so-called democracy. We need a new political party that reflects the thinking of Jefferson and Madison. We need the NEO-FEDERALIST! End the FED!