In the battle between the blue and red states for control of the US government, a new poster child, Art Pope is providing the blueprint for far-right supremacy. This man is at the right-end of the extreme right line. He believes only in his viewpoint which helps to explain the lack of compromise within the framework of our present government.
Right-wing activists are pushing for people who will enact laws that are changing the face of the state. This has happened in Wisconsin, and now, with Art Pope in North Carolina, it moves up a few notches. Most right-wing policies center on tax cuts for corporations and the wealthy. Many, but not all, want vouchers for private schools. They all want to cut unemployment benefits, limit Medicaid and roll back electoral reforms, including voting rights.
There are other changes that the far-right would like to see, such as: to try 13-year old as adults, end collective bargaining(happened in Wisconsin),end public funding for political office, especially for judges and cutting in education from pre-K all the way to higher education.
Bottom line: Everything for the status quo and nothing for the working class citizens.
North Carolina
is the victorious example for the Republican Party as demonstrated by the influence of one, Art Pope. He is setting the table for others like the Koch brothers and et.al. wealthy citizens to establish rule within our government.
The script offers a frightening glimpse of how power and money might direct American politics for years. In a nutshell: he with the gold, rules.
In 2000 Art Pope realized that the Census provided strong info because it showed income, employment or unemployment, voting registration within districts. He also wanted to purge fellow Republicans who sometimes voted moderately. By studying voting districts he poured money into campaigns where the outcome would be close because of the voting make-up. In 19 voting districts, Pope backed 17 winners. There were other events which helped him to win like a Democrat who committed fraud and the Supreme Court in approving "Citizen United." This verdict allows outside money for a candidate and Pope has a lot of money. This is untraceable dollars, sometimes called,"dark money." It has no limit and it buys TV, radio, websites and publications. This allows Pope to get his message out over and over again. Repetition for effect. In my unpublished work I remind the readers of the influence of TV because it is so ingrained within our culture. Pope knows this and he showed how media influence could determine political outcomes. Since our culture is in sound bytes, all he had to say is so-and-so(Democrat)is costing us higher taxes. That Democrat is spending wastefully. Their candidate is costing us JOBS. No depth. No facts. Just repeat the message over and over again. His results should scare all of us.
Here is what Pope and Republicans mean when they say tax cuts. Someone making $250K in N.C. pays the same tax as someone making $25K. This state example is a deeper version of the Bush Tax Cuts which gives tax cuts of 75% to those in the top 5% of income.
Corporations pay lower tax bills than they did in 1978. No wonder they love Art Pope.
He also is opposed to public financing of judges. Without the funding lawyers would contribute to the same judge who would be making a decision in that lawyers future court case. Definitely a conflict of interest and Pope wants a sure thing, irregardless what is does to our society as a whole.
At the moment the government of North Carolina is veto-proof. Its state legislature can over-ride a governor veto. Glad I don't live in Tar Heel country.
Now, imagine the US being governed in the future with the above guidelines? One class of people for the same class of people of the same class of people. Welcome the Aristocracy.
Liars and Crooks: goes to Boeing for putting a gun to its employees by stating, "if you don't vote to stop pension funding by the company, the company will move its future work to a non-union state." But, it's your choice. It's your vote. ....Boeing won! Pensions will be off their books in 2016 and moved to self supporting 401Ks.
Saturday, January 11, 2014
Friday, January 3, 2014
Economic Forecast 2014
As there is always two sides to a story, the US economy will be affected by either the continuation of all the stimulus to a full recovery and, with events in the global community enacting similar ideas or an event could alter both economic projections. I have two indicators that could trigger an event. Nevertheless, the "free trade" powers have finally reached a transitional point in both the US economy and the global sector where their influence and policies are the dominant aspect as to whether our nation sees growth, and or, the same scenario for the global nations.
I see 2014 as the first time when discussing economies of scale that distinct world regions and trade alliances will be distinguished as opposed to the normal mentioning of the individual nation influence. This is part of the free trade powers plan. As they add layers upon layers to mask individual economies, they will slowly evaporate sovereign identity just like central bankers have eroded the influence of gold, deficit spending and balanced budgets.
If I had to label the make-up, I would describe it as follows: North America(US, Canada & Mexico), South America & Central America(all nations except Brazil which is a BRIC member), ECU and UK, Asian Rim, which will be broken into two parts:China and its new trading partners whose nations will have a carryover because of the two powerful economies of Japan and South Korea. In addition, the Arab Emirates will have a carryover in OPEC, BRIC members, new African associations except South Africa which will join the BRIC and Australia will have a major influence on China. Russia will open pipelines to the East and seek to grow its economy with its old satellite members.
The second trend that I see is the establishment of debt as king. Central bankers will continue to oppose gold and balanced budgets. They will offer plans centered around debt guidelines as the new paragon for running an economy. While this policy will never be stated, balanced budgets for governments will be out with debt guidelines that fall within a specific range will be the new normal. This will hide what I've been saying for years that the US does not have a real economy, but by the use of debt, stimulates enough to maintain the status quo. However, demographics will begin to under mind this policy. In fact, recent civil unrest will grow from "flash mobs, and knockout gangs" to looting and riots, due mainly to youth unemployment. I do not want to get into this at the moment, but continue with the influence of central bankers.
At the moment the US, Japan and Greece have debt-to-GDP ratios that surpass safe economic levels with the US over 100%, Japan over 250% and Greece at 156%. Funny thing about Greece, they were the only EU member to lower their debt ratio as all the other members grew their economies with debt. They forget that debt must be repaid which will bring gold back in fashion at a later date.
Predictions
by central bankers and world institutions state that the US and world economies will grow in 2014. Have they ever predicted a recession? Don't be silly, of course not!
My Forecast
as stated above, I see two possible red flags that could alter the world economies. The first is the continuation of the currency wars with individual nations seeking to devalue to gain market share which will help their domestic economy. This flight toward the bottom as already caused distress in world trade, especially to Brazil and India. They face more currency disruptions due to the falling in their national currency reserves.
The other big danger is rising interest rates. Both of these indicators are easy to follow because the info is published. Use the ten year bond on US treasuries as a starting point. If they continue to rise and surpass 3.5%, domestic markets will suffer with a ripple effect to the global community. Housing, dear reader, is central to every domestic economy. In addition, real estate bubbles could pop in Finland, Netherlands, China and Australia. Do I have to remind you that the current interest rates are below normal and the present cost of money is in a deviant mode. Jobs are still needed in every economy irregardless of what is reported about the health of any particular nation.
There are many other little problems that could develop out of control like the Arab Spring. After central banks, the military complex is the most dangerous entity that could alter the future.
In a related theme to flare-ups, the search for natural resources will continue, but not yet in a dangerous zone. World oil supplies are abundant with the notable addition of US supply.
Alternative energy will still be more rhetoric than fact. Natural gas will have a greater effect, especially in manufacturing, transportation and production of electricity. Nuclear will try to resurface with a big push in Japan and emerging nations.
Health
Obamacare will be front and center. It will cause the US debt to explode.
The central meme of this forecast is that the confluence point in the US economy and the global community has been reached and whether central bankers can continue to mask problems with debt as more revenues will be needed to cover past and present shortfalls.
In the US the first crack will appear in retail because demographics will show falling revenues. This will cause companies to close stores, cut jobs. They will continue to hide these points by buying back stock, but time will tell and the market will suffer.
Ghetto Nation
closing of stores will have a domino effect. This will take time, but once it starts, the ending is predetermined. The loss of anchor stores to malls and shopping centers will lead to business foreclosures. Many areas will relive the early 60s and 70s when the first national haircut took place with the ramifications to numerous to mention here. If this occurs we will reenter a recession, however if stagflation appears, the picture turns ugly with a depression. At the moment this is not on the horizon, but central bankers have no answer for demographics. If there are no buyers, prices fall. We are already in a disinflation environment which is only hidden due to stimulus. Like I said, we are at the confluence point . We could grow or fail to grow depending on the two main danger aspects.
I see 2014 as the first time when discussing economies of scale that distinct world regions and trade alliances will be distinguished as opposed to the normal mentioning of the individual nation influence. This is part of the free trade powers plan. As they add layers upon layers to mask individual economies, they will slowly evaporate sovereign identity just like central bankers have eroded the influence of gold, deficit spending and balanced budgets.
If I had to label the make-up, I would describe it as follows: North America(US, Canada & Mexico), South America & Central America(all nations except Brazil which is a BRIC member), ECU and UK, Asian Rim, which will be broken into two parts:China and its new trading partners whose nations will have a carryover because of the two powerful economies of Japan and South Korea. In addition, the Arab Emirates will have a carryover in OPEC, BRIC members, new African associations except South Africa which will join the BRIC and Australia will have a major influence on China. Russia will open pipelines to the East and seek to grow its economy with its old satellite members.
The second trend that I see is the establishment of debt as king. Central bankers will continue to oppose gold and balanced budgets. They will offer plans centered around debt guidelines as the new paragon for running an economy. While this policy will never be stated, balanced budgets for governments will be out with debt guidelines that fall within a specific range will be the new normal. This will hide what I've been saying for years that the US does not have a real economy, but by the use of debt, stimulates enough to maintain the status quo. However, demographics will begin to under mind this policy. In fact, recent civil unrest will grow from "flash mobs, and knockout gangs" to looting and riots, due mainly to youth unemployment. I do not want to get into this at the moment, but continue with the influence of central bankers.
At the moment the US, Japan and Greece have debt-to-GDP ratios that surpass safe economic levels with the US over 100%, Japan over 250% and Greece at 156%. Funny thing about Greece, they were the only EU member to lower their debt ratio as all the other members grew their economies with debt. They forget that debt must be repaid which will bring gold back in fashion at a later date.
Predictions
by central bankers and world institutions state that the US and world economies will grow in 2014. Have they ever predicted a recession? Don't be silly, of course not!
My Forecast
as stated above, I see two possible red flags that could alter the world economies. The first is the continuation of the currency wars with individual nations seeking to devalue to gain market share which will help their domestic economy. This flight toward the bottom as already caused distress in world trade, especially to Brazil and India. They face more currency disruptions due to the falling in their national currency reserves.
The other big danger is rising interest rates. Both of these indicators are easy to follow because the info is published. Use the ten year bond on US treasuries as a starting point. If they continue to rise and surpass 3.5%, domestic markets will suffer with a ripple effect to the global community. Housing, dear reader, is central to every domestic economy. In addition, real estate bubbles could pop in Finland, Netherlands, China and Australia. Do I have to remind you that the current interest rates are below normal and the present cost of money is in a deviant mode. Jobs are still needed in every economy irregardless of what is reported about the health of any particular nation.
There are many other little problems that could develop out of control like the Arab Spring. After central banks, the military complex is the most dangerous entity that could alter the future.
In a related theme to flare-ups, the search for natural resources will continue, but not yet in a dangerous zone. World oil supplies are abundant with the notable addition of US supply.
Alternative energy will still be more rhetoric than fact. Natural gas will have a greater effect, especially in manufacturing, transportation and production of electricity. Nuclear will try to resurface with a big push in Japan and emerging nations.
Health
Obamacare will be front and center. It will cause the US debt to explode.
The central meme of this forecast is that the confluence point in the US economy and the global community has been reached and whether central bankers can continue to mask problems with debt as more revenues will be needed to cover past and present shortfalls.
In the US the first crack will appear in retail because demographics will show falling revenues. This will cause companies to close stores, cut jobs. They will continue to hide these points by buying back stock, but time will tell and the market will suffer.
Ghetto Nation
closing of stores will have a domino effect. This will take time, but once it starts, the ending is predetermined. The loss of anchor stores to malls and shopping centers will lead to business foreclosures. Many areas will relive the early 60s and 70s when the first national haircut took place with the ramifications to numerous to mention here. If this occurs we will reenter a recession, however if stagflation appears, the picture turns ugly with a depression. At the moment this is not on the horizon, but central bankers have no answer for demographics. If there are no buyers, prices fall. We are already in a disinflation environment which is only hidden due to stimulus. Like I said, we are at the confluence point . We could grow or fail to grow depending on the two main danger aspects.
Friday, December 20, 2013
Florida: Microview of the Future...L&C
I just returned to the tourist capital of the state of Florida. Last Tuesday, I was standing in four inches of snow in New York. I'm glad to walk under the sunrays that hit a high of 83 degees today in Orlando. Moving is very hectic, but it gives many insights. I have noticed quite a few changes in Florida and although it still is the Sunshine State, economically, it is no longer a retirement paradise.
Governor Scott(R)was in town to annouce that the state unemployment is below the national average at 6.4%. He also stated that Orlando is leading the way at 5.8%. Maybe I'll find a job. I'm going to need one as my impressions are all negative.
Food and Energy
I never thought I would say this, but food costs, both fresh produce and supermarket prices are cheaper in Queens, New York than in Orlando. It is not even close.
Gasoline is higher in New York, but the difference is in local taxes.
Rents are crazy in San Francisco and New York, but they are getting serious competition in Orlando.
In case you might consider buying a home in Florida, consider this. Florida has the highest home owners insurance costs in the nation. It is the fifth highest in auto insurance, and it has always been in the top ten in real estate taxes. Of course, there is no state taxes on income, at least for now. The state is very dependent on federal government aid.
Finally, and this dear reader, is the biggest insight of all: utilities.
In case you might consider buying a home in Florida, consider this. Florida has the highest home owners insurance costs in the nation. It is the fifth highest in auto insurance, and it has always been in the top ten in real estate taxes. Of course, there is no state taxes on income, at least for now. The state is very dependent on federal government aid.
Finally, and this dear reader, is the biggest insight of all: utilities.
OUC
stands for Orlando Utilities. It used to be very reasonable and provide great service, in fact, their nickname is the Reliable One. Not anymore!
I went to the central office in downtown Orlando to turn on the power to my new apartment. Previously, I had been a good customer for over 25 years with never a blemish in any of my bills. I have been out of state for two years. OUC has no record of me. In addition, they required me to make a deposit, however I am getting ahead of the story.
I entered the building from the remodeled front door with a turn-a-round driveway for easy pickup and dropoff. This was done about four years ago. They no longer need it.
Upon entering a guard with his hand on his waist near his weapon, asked me what I was doing there? I stated that I wanted to know where I needed to go to commence power with the company. He said that the company has outsourced all billing and service. I asked where do I go? He hands me a brochure, pointing to a phone number. He said call that number and he pointed me back to the door to leave. Outside, I see the brochure is written in Spanish. I call the number. After the menu, a lady tells me that I have to go to one of the many retail location like Kmart. At Kmart the sales help did not know how to take the deposit to turn on the power to my apartment.
Long story, short: The forth location was able to help me, however by using these outsourced locations, I must pay an additional service charge of $1.25. This at first does not sound like much, but the Whitestone Bridge in New York was only .25cents in the beginning of the toll charges. Today, they charge $14. to go over the bridge.
Bottom Line:
OUC is a utility that provides no service. You cannot speak to anyone face-to-face about service or billing. Welcome to the future.
Liars and Crooks: Congress has just done a deal to end the battles over the debt ceiling, the budget and spending. The Republicans decided to compromise because they feel that Obamacare will be such a failure that they want to gamble it will get them back in power. The members decided to get reelected with higher spending. One of the lobbyists got this $300 million dollar fiasco under the military budget. It is a dirigible to spy in Afghanistan. It is over budget and it has only been tested once. Nothing like an ancient relic flying real slow that any ding-dong with a rifle could shoot down with one bullet. The only Zeppellin worth having is Led, but I guess Congress is Dazed and Confused.
Wednesday, December 4, 2013
Mr.Cano and Inflated $...Special
Robinson Cano is the New York Yankees second-baseman and his contract is up. Cano has decided to become a free agent which means that he can sign with any team that is willing to meet what he feels is fair pay for his services. Fair pay for professional athlete's is partly what I'm upset about as well as CEO compensation and of course, the Federal Reserve which is destroying our standard of living which is in itself the root cause in the debasement of the purchasing power of the dollar.
This story demonstrates many things, but three come to mind as I'm sure that you, dear reader can think of many, many more.
Why is it that CEOs in the US average more than 300x the wages of their employees, and fail to increase products, jobs or value to the company that hired them?
Why is it that for the average working citizen working full time and their yearly wages cannot meet the cost of a new car? Now, that may sound off the mark when there are vehicles for less than $20K, but I'm talking about disposable income after the necessary expenses like food, shelter and medical.
When you look at it in that light, it is a wonder that anyone can afford a car period. Ah, the miracle of financing which means more debt and less disposable income after all obligations have been met. Of course, new behavior of non-responsibility means that you don't make house payments and blame the problem of your money mismanagement on to someone else, but I will not entertain that problem which there are books dedicated.
Why is it that government conspires to find new ways to show that the Consumer Price Index(CPI) reveals no inflation? Maybe because this reduces the government's COLAs(cost-of-living) for social security and lowers interest rates for bonds like TIPS. While at the same time government leaders decry all social benefits as the cause of all our debt, past, present and future?
The Answer? Because the government uses the Federal Reserve as a rubber stamp to continue spending more than revenues. The wealth of the nation allowed the banking industry to evolve, but the nation no longer creates wealth but masks itself under pretend by we are rising with borrowed spending, while at the same time, lowering the value of the dollar which is stealing from its citizens who cannot increase their wages at the same rate as the devaluing in purchasing power of the dollar.
M3
is no longer published by the Fed. It stopped in 2006 and prior to that, this volatility of money was growing in double digits which means a lower dollar down the road and inflation. The inflation has been held in check due to the fact that the Fed pays the banks to hold money in reserve and the same banks can borrow at zero interest which is easy money as long as it is held in its vaults which is a risk in itself.
The rest of the "printed" money which is not printed at all, but all electronic is used by the Fed to purchase bonds and securities under its QE program. The real question is this, now that the Fed balance sheet is over $3T, what security do we have that there is real value in this balance sheet and is it worth the estimated value? Who backs the Fed?
At the moment the Fed purchases 61% of all Treasuries, because no one else would with their low interest and high risk. If rates rise, then the value of the Fed's purchases decline which begets the question, who backs the Fed?
Where does this all lead and how does it relate to Mr. Cano?
The Yankees offered him $14m per year which he laughed at. Can you believe that? How much does a ticket to the game cost, if the stars are making money out of this universe? He wants $30m per year for ten years.
When I was a kid, I collected soda bottles. When I had .50cents, I could sit in the bleacher section at the old stadium. My dream was to make enough to get into the actual ballpark with a grandstand seat, but things change as well as laws.
Long Story Short:
Bottles were out along with thrift and debt was in along with waste. As a teenager, I was no longer interested in going to the ballpark. The Yankees should become aware of demographics which are working against them. Now, when I hear about these crazy contracts, I'm turned off on sports. In the same way I'm angry about CEO pay and most of all, I realize this is all because of the Federal Reserve which has debased the value of the dollar 95% since it took power in 1913. 100 years of poor results! End the Fed!
Special
This past Saturday there was a rival college football game played between number one Alabama and number four, Auburn. It was a good game with lead changes and ties that extended to the last second when Alabama would attempt a 57 yard field goal to win. This was a long shot, but if the kicker missed, the team would still have the overtime period to win and 'Bama had the better team. Well, the Auburn coach made a great precocious move by placing his kick return player, Davis in the end zone in case of a miss to which his team could return as the play would not end until his player was tackled. Surprise! The kicker misses as expected, but Davis returns the kick 108 yards to win the game for Auburn in one of the great moments that sports gives us. This is the beauty of sport and it is a shame that money is sullying everything, including the Olympics. I see that someone is offering $100K for the ball. Please, Auburn keep it in your trophy case and priceless like the TD pass that Flutie threw against Miami against the wind for 60 yards in the last second to knock the Canes out of the national championship and to win the game for Boston College. Go Irish!
This story demonstrates many things, but three come to mind as I'm sure that you, dear reader can think of many, many more.
Why is it that CEOs in the US average more than 300x the wages of their employees, and fail to increase products, jobs or value to the company that hired them?
Why is it that for the average working citizen working full time and their yearly wages cannot meet the cost of a new car? Now, that may sound off the mark when there are vehicles for less than $20K, but I'm talking about disposable income after the necessary expenses like food, shelter and medical.
When you look at it in that light, it is a wonder that anyone can afford a car period. Ah, the miracle of financing which means more debt and less disposable income after all obligations have been met. Of course, new behavior of non-responsibility means that you don't make house payments and blame the problem of your money mismanagement on to someone else, but I will not entertain that problem which there are books dedicated.
Why is it that government conspires to find new ways to show that the Consumer Price Index(CPI) reveals no inflation? Maybe because this reduces the government's COLAs(cost-of-living) for social security and lowers interest rates for bonds like TIPS. While at the same time government leaders decry all social benefits as the cause of all our debt, past, present and future?
The Answer? Because the government uses the Federal Reserve as a rubber stamp to continue spending more than revenues. The wealth of the nation allowed the banking industry to evolve, but the nation no longer creates wealth but masks itself under pretend by we are rising with borrowed spending, while at the same time, lowering the value of the dollar which is stealing from its citizens who cannot increase their wages at the same rate as the devaluing in purchasing power of the dollar.
M3
is no longer published by the Fed. It stopped in 2006 and prior to that, this volatility of money was growing in double digits which means a lower dollar down the road and inflation. The inflation has been held in check due to the fact that the Fed pays the banks to hold money in reserve and the same banks can borrow at zero interest which is easy money as long as it is held in its vaults which is a risk in itself.
The rest of the "printed" money which is not printed at all, but all electronic is used by the Fed to purchase bonds and securities under its QE program. The real question is this, now that the Fed balance sheet is over $3T, what security do we have that there is real value in this balance sheet and is it worth the estimated value? Who backs the Fed?
At the moment the Fed purchases 61% of all Treasuries, because no one else would with their low interest and high risk. If rates rise, then the value of the Fed's purchases decline which begets the question, who backs the Fed?
Where does this all lead and how does it relate to Mr. Cano?
The Yankees offered him $14m per year which he laughed at. Can you believe that? How much does a ticket to the game cost, if the stars are making money out of this universe? He wants $30m per year for ten years.
When I was a kid, I collected soda bottles. When I had .50cents, I could sit in the bleacher section at the old stadium. My dream was to make enough to get into the actual ballpark with a grandstand seat, but things change as well as laws.
Long Story Short:
Bottles were out along with thrift and debt was in along with waste. As a teenager, I was no longer interested in going to the ballpark. The Yankees should become aware of demographics which are working against them. Now, when I hear about these crazy contracts, I'm turned off on sports. In the same way I'm angry about CEO pay and most of all, I realize this is all because of the Federal Reserve which has debased the value of the dollar 95% since it took power in 1913. 100 years of poor results! End the Fed!
Special
This past Saturday there was a rival college football game played between number one Alabama and number four, Auburn. It was a good game with lead changes and ties that extended to the last second when Alabama would attempt a 57 yard field goal to win. This was a long shot, but if the kicker missed, the team would still have the overtime period to win and 'Bama had the better team. Well, the Auburn coach made a great precocious move by placing his kick return player, Davis in the end zone in case of a miss to which his team could return as the play would not end until his player was tackled. Surprise! The kicker misses as expected, but Davis returns the kick 108 yards to win the game for Auburn in one of the great moments that sports gives us. This is the beauty of sport and it is a shame that money is sullying everything, including the Olympics. I see that someone is offering $100K for the ball. Please, Auburn keep it in your trophy case and priceless like the TD pass that Flutie threw against Miami against the wind for 60 yards in the last second to knock the Canes out of the national championship and to win the game for Boston College. Go Irish!
Wednesday, November 27, 2013
Told You So...L&C
Sebastian, Johnny L, and JFL have all told you in countless pieces that you can no longer trust our government agencies, the Federal Reserve and our government leaders when it comes to telling the truth about our economy and their policies. Truth comes slowly, but it can't be stopped.
Last week Julius Buckmon, a Census Bureau appointee, confirmed that his supervisors had asked him to fudge his interviews, concerning labor employment. In addition, he revealed that he is not the only one because higher pay came with "positive" numbers. Like we have stated, the fake positive news pushes the stock market higher and all the info is being built on wet sand and the walls are as thick as playing cards.
Keep in mind that our banks were already caught rigging the Libor Loan Rate and Wall Street paid up for selling securities while at the same time were doubling down against the same toxic packages that their agents sold to customers. Don't forget the triple AAA ratings of the rating agencies that helped Wall Street deceive its clients.
Here is another example that reveals manipulation. The Department of Energy(DOE) stated gasoline usage have returned to the pre-crisis level of 2007, however the Bureau of Economic Analysis which follows the same category, but uses sales at the pump to obtain their results which shows no gain, but sees gasoline usage declines for six years in a row. By the way gasoline inventories have had 10 weekly straight builds which counters more usage.
Finally, do you recall the Working Group? Goes back to the first president Bush who gathered together the Fed and Wall Street biggies, to work to stabilize the market when a severe downturn was present. Later, Secretary of Treasury, Paulson did the same thing with a new moniker, Plunge Protection Team(PPT). Well, I can't prove it, but I think the present Fed is buying future index opinions to keep the stock market up. We need a real hero to find out if this serious violation of our free markets is indeed happening. This brings to mind how lucky our nation is to have in the past, true leaders like Andrew Jackson and with Thanksgiving approaching, I thought that you, my dear readers would like to read what a true leader thought of money, the Fed(called the National Bank in his day)and professional people to which we know call, lobbyists.
- "Men when under the influence of interest or passion often delude themselves thoughtlessly, and do not always acknowledge even to themselves the motives upon which they really act...
It was one of the dangers arising from this mammoth power, that its very duties as collecting and disbursing agent brought and other public functionaries and made it acquainted with their wants and enabled it to place them under obligation and create a feeling of dependence or even gratitude without the direct and offensive offer of a bribe."
Liars and Crooks: goes to president Obama who used Air Force One last week to go to Miami for a fund raiser and play golf. This may not actually be either of my categories(L&C)but it displays poor judgment. The cost to taxpayers runs over $200,000 per hour and all the president achieved was personal riches and pleasure.
Last week Julius Buckmon, a Census Bureau appointee, confirmed that his supervisors had asked him to fudge his interviews, concerning labor employment. In addition, he revealed that he is not the only one because higher pay came with "positive" numbers. Like we have stated, the fake positive news pushes the stock market higher and all the info is being built on wet sand and the walls are as thick as playing cards.
Keep in mind that our banks were already caught rigging the Libor Loan Rate and Wall Street paid up for selling securities while at the same time were doubling down against the same toxic packages that their agents sold to customers. Don't forget the triple AAA ratings of the rating agencies that helped Wall Street deceive its clients.
Here is another example that reveals manipulation. The Department of Energy(DOE) stated gasoline usage have returned to the pre-crisis level of 2007, however the Bureau of Economic Analysis which follows the same category, but uses sales at the pump to obtain their results which shows no gain, but sees gasoline usage declines for six years in a row. By the way gasoline inventories have had 10 weekly straight builds which counters more usage.
Finally, do you recall the Working Group? Goes back to the first president Bush who gathered together the Fed and Wall Street biggies, to work to stabilize the market when a severe downturn was present. Later, Secretary of Treasury, Paulson did the same thing with a new moniker, Plunge Protection Team(PPT). Well, I can't prove it, but I think the present Fed is buying future index opinions to keep the stock market up. We need a real hero to find out if this serious violation of our free markets is indeed happening. This brings to mind how lucky our nation is to have in the past, true leaders like Andrew Jackson and with Thanksgiving approaching, I thought that you, my dear readers would like to read what a true leader thought of money, the Fed(called the National Bank in his day)and professional people to which we know call, lobbyists.
- "Men when under the influence of interest or passion often delude themselves thoughtlessly, and do not always acknowledge even to themselves the motives upon which they really act...
It was one of the dangers arising from this mammoth power, that its very duties as collecting and disbursing agent brought and other public functionaries and made it acquainted with their wants and enabled it to place them under obligation and create a feeling of dependence or even gratitude without the direct and offensive offer of a bribe."
Liars and Crooks: goes to president Obama who used Air Force One last week to go to Miami for a fund raiser and play golf. This may not actually be either of my categories(L&C)but it displays poor judgment. The cost to taxpayers runs over $200,000 per hour and all the president achieved was personal riches and pleasure.
Monday, November 18, 2013
US Security: Results = Incompetence...L&C
Winston Churchill made many great observations, including this about our government, "after they try everything else, they'll get it right."
The following is factual in some and argumentative in others pertaining to the results of all the various US agencies dedicated to our defense, whether internal or external. I don't want to digress to far into history. I don't have to. It would be more than enough starting with WW ll. The case is compelling. Consider that at the time, there was already a war in Europe and Asia. Tensions were high with Japan. In that climate a large aircraft carrier fleet left Japan into the Pacific. No one noticed where it was headed? Get out of town!
How about this? Jets were flying from China, attacking US troops, not to mention thousands of Red Army soldiers fighting NATO troops in defense of North Korea and war was never declared against China?
How about the atomic bomb info getting stolen? Not just that, but at this very minute and into the near-term future, secrets are being stolen from Los Alamos, the Pentagon and elsewhere. Why? Because they are incompetent!
We don't need the military complex that is destroying our financial future because the real strength of the US is its people.
Personally, it is bad enough that I cannot get my book published, but during this period of frustration, I have already penned the follow-up. In it, I devote a large section to the brief files mentioned above. However, I will cut to the point of this piece. It is in memory and honor to JFK on the 50th anniversary of his murder.
Theories
I'm not going to bring up the mystery of the third bullet with the possible discharge by the secret service member or the grassy knoll or any other of the conspiracy arguments. This is my point of concern. You are a member of the President's security. You are to secure a trip to Dallas, Texas. You would check your data files, check with local enforcement, the F.B.I., and so on. You would ask the basic questions about anything or anyone who could be a threat to the president. You would hear the usual suspects: Pro-Castro. Anti-Castro, Communist Party , etc. Lo and behold this tidbit would surface. There is an activist character who one time renounced his citizenship to become a Communist and he defected to Russia. He is ex-military, recently ordered a rifle with scope through the mail and he works in a building along the president's itinerary.
I'll wager this that only one person fit that description: Oswald. You would think that someone would check out Lee, but you would be wrong. Why? Incompetence!!!
And in all the dialogue, you never find fault with the military because like a magician, they use misdirection to avert attention to themselves.
911
The true story of the disaster is the worst of all. NSA overheard the ding-dongs in Yemen about how the US was going to get hurt. They listened to the culprits all the around the world into San Diego where because it is out of the jurisdiction(at that time)they did nothing. Can you believe that? All they had to do was to notify the F.B.I. and 911 never would have happened. Incompetence to Sum ma Cum Laude!!
Sorry, Johnny. You may not have been everything that I thought you were, but you are still special in my eyes. I hope that I can answer your question in doing something for my country.
Liars & Crooks: Ben Bernanke. He heard that a bill in Congress called, The Strong Dollar Act was trying to get our dollar backed by gold, to which he said why, gold is not money. Funny, we allow him to run the most important aspect of our economy and his philosophy is opposed to Jefferson, Madison and Franklin. Do you think that Ben has more talent, understanding and thinking that that trio? In fact Ben is lucky because if Andrew Jackson were around, he would tar and feather Ben. And...if he was pissed, he challenge him to a duel and put one between his eyes. Of course, we are civilized today and all opposition like mine is delegated to the Matrix where my arrows fall, but my aim would be exactly like Jackson's, right between the eyes. End the Fed!
The following is factual in some and argumentative in others pertaining to the results of all the various US agencies dedicated to our defense, whether internal or external. I don't want to digress to far into history. I don't have to. It would be more than enough starting with WW ll. The case is compelling. Consider that at the time, there was already a war in Europe and Asia. Tensions were high with Japan. In that climate a large aircraft carrier fleet left Japan into the Pacific. No one noticed where it was headed? Get out of town!
How about this? Jets were flying from China, attacking US troops, not to mention thousands of Red Army soldiers fighting NATO troops in defense of North Korea and war was never declared against China?
How about the atomic bomb info getting stolen? Not just that, but at this very minute and into the near-term future, secrets are being stolen from Los Alamos, the Pentagon and elsewhere. Why? Because they are incompetent!
We don't need the military complex that is destroying our financial future because the real strength of the US is its people.
Personally, it is bad enough that I cannot get my book published, but during this period of frustration, I have already penned the follow-up. In it, I devote a large section to the brief files mentioned above. However, I will cut to the point of this piece. It is in memory and honor to JFK on the 50th anniversary of his murder.
Theories
I'm not going to bring up the mystery of the third bullet with the possible discharge by the secret service member or the grassy knoll or any other of the conspiracy arguments. This is my point of concern. You are a member of the President's security. You are to secure a trip to Dallas, Texas. You would check your data files, check with local enforcement, the F.B.I., and so on. You would ask the basic questions about anything or anyone who could be a threat to the president. You would hear the usual suspects: Pro-Castro. Anti-Castro, Communist Party , etc. Lo and behold this tidbit would surface. There is an activist character who one time renounced his citizenship to become a Communist and he defected to Russia. He is ex-military, recently ordered a rifle with scope through the mail and he works in a building along the president's itinerary.
I'll wager this that only one person fit that description: Oswald. You would think that someone would check out Lee, but you would be wrong. Why? Incompetence!!!
And in all the dialogue, you never find fault with the military because like a magician, they use misdirection to avert attention to themselves.
911
The true story of the disaster is the worst of all. NSA overheard the ding-dongs in Yemen about how the US was going to get hurt. They listened to the culprits all the around the world into San Diego where because it is out of the jurisdiction(at that time)they did nothing. Can you believe that? All they had to do was to notify the F.B.I. and 911 never would have happened. Incompetence to Sum ma Cum Laude!!
Sorry, Johnny. You may not have been everything that I thought you were, but you are still special in my eyes. I hope that I can answer your question in doing something for my country.
Liars & Crooks: Ben Bernanke. He heard that a bill in Congress called, The Strong Dollar Act was trying to get our dollar backed by gold, to which he said why, gold is not money. Funny, we allow him to run the most important aspect of our economy and his philosophy is opposed to Jefferson, Madison and Franklin. Do you think that Ben has more talent, understanding and thinking that that trio? In fact Ben is lucky because if Andrew Jackson were around, he would tar and feather Ben. And...if he was pissed, he challenge him to a duel and put one between his eyes. Of course, we are civilized today and all opposition like mine is delegated to the Matrix where my arrows fall, but my aim would be exactly like Jackson's, right between the eyes. End the Fed!
Wednesday, November 13, 2013
Tech v. Nature...L&C
No, this is not the latest supreme court ruling, but a question. Why do we think that we are smarter than nature? Why don't we take the extra caution and expense to form a symbiotic relationship with nature rather than trying to control it?
These questions came to mind last week as I was looking up at the trees in my area. They formed a beautiful banquet for the heavens and earth. I marveled at the sight. Each type of tree with its different evolved foliage, whether maple, oak or elm had its own majestic rainbow from the seed of green. Yet, green was really the background in the picture as red, gold and brown dominated the setting. In between were the various shades and hues of this fall art.
Today, stark, bare wood stands in the same place at dust. It presents a different view and thus, finds itself adjusting ones thinking to conjure up images like those in Sleepy Hollow.
If one remembers, this is just nature's way of resting. We do the same principle every night as we retire to sleep which refreshes the body so we can face the new day with energy. Nature gets its rest, evolves for the next cycle.
Technology
only needs a button or oil to grease the wheels. There is no rest. It is not natural in relationship to our human make-up. However, scientist respond saying with time that they can answer any problem. Government leaders today buy into science as the answer all because it provides easy hope, jobs and reelection. Conflicting opinions are regulated to background opposition with no real power. Which leads to the thought of the week: why do we give so little consideration to those voices?
Super Typhoon
has caused havoc to the Philippine Islands. Every year storms seem to be more powerful and more frequent. Whenever these fearful voices arise, the government responds with their appointed shills, but the facts remain.
Scientist built the nuclear plants that have cause total destruction to two areas of the planet for the next two thousand years!
Engineers built the walls that fell and destroyed New Orleans.
Engineers built the oil tankers that leak and sink everywhere in the world not to mention all the other problems of the oil industry whether it is finding or transporting its products.
Fracking
is the latest question mark for the global community. Here in the US, reports are beginning to surface about the dangers to our drinking water. There are 27 cases in rural Pennsylvania from just one clinic.
The concept of fracking seems true because the shale gas is below the water line and there does not have to have a conflict in operation. This fails to the one fact of water. It can appear in the three different element forms: solid, liquid or gas. Also, water is the strongest form of erosion on earth. It can take years for seepage to appear, however it has appeared in places where it was not previously present. More than one state aquifer has been damaged. In addition to man made failures, we added with the contamination of our seas by dumping sewerage into it. This is a serious danger. To me, that is the real problem that over time these sins are affecting fishing industries throughout the world. I feel it is time to stop the madness and rest these policies while seeking new and different answers. Time is the problem.
Time has come today...
(thank you, Chamber Bros.)
The people behind the concept of global warming constantly repeat these dangers, but with little governmental powers nothing gets done. These accumulated sins against nature are building up over time until forces beyond our knowledge could erupt.
Bottom line:
we need to seek technology that works with nature like solar. We cannot let the money interest push nuclear which is the most dangerous form of energy because it is cheaper. Quality is never cheap. Technology that is symbiotic with nature should be sought or we will find our future generation living underground wondering what are the cycles of nature?
Liars and Crooks: Obama care will cost more than projected. People will lose their favorite health care choice. Together, the nation will add to our vast deficits with leaders that always pass the buck rather than facing a serious issue. In their weak minds they are hoping that the Federal Reserve will pull another "hat trick" out of the hat that will lower the costs of all the accumulated debt. The problem is that the states are beginning to suffer from the debased currency and they cannot pass the debt due to the fact that state constitutions say that budgets must balance. They will lay their problems at the feet of the government like Detroit. This is a by-product of the Fed and QE. End the Fed!
These questions came to mind last week as I was looking up at the trees in my area. They formed a beautiful banquet for the heavens and earth. I marveled at the sight. Each type of tree with its different evolved foliage, whether maple, oak or elm had its own majestic rainbow from the seed of green. Yet, green was really the background in the picture as red, gold and brown dominated the setting. In between were the various shades and hues of this fall art.
Today, stark, bare wood stands in the same place at dust. It presents a different view and thus, finds itself adjusting ones thinking to conjure up images like those in Sleepy Hollow.
If one remembers, this is just nature's way of resting. We do the same principle every night as we retire to sleep which refreshes the body so we can face the new day with energy. Nature gets its rest, evolves for the next cycle.
Technology
only needs a button or oil to grease the wheels. There is no rest. It is not natural in relationship to our human make-up. However, scientist respond saying with time that they can answer any problem. Government leaders today buy into science as the answer all because it provides easy hope, jobs and reelection. Conflicting opinions are regulated to background opposition with no real power. Which leads to the thought of the week: why do we give so little consideration to those voices?
Super Typhoon
has caused havoc to the Philippine Islands. Every year storms seem to be more powerful and more frequent. Whenever these fearful voices arise, the government responds with their appointed shills, but the facts remain.
Scientist built the nuclear plants that have cause total destruction to two areas of the planet for the next two thousand years!
Engineers built the walls that fell and destroyed New Orleans.
Engineers built the oil tankers that leak and sink everywhere in the world not to mention all the other problems of the oil industry whether it is finding or transporting its products.
Fracking
is the latest question mark for the global community. Here in the US, reports are beginning to surface about the dangers to our drinking water. There are 27 cases in rural Pennsylvania from just one clinic.
The concept of fracking seems true because the shale gas is below the water line and there does not have to have a conflict in operation. This fails to the one fact of water. It can appear in the three different element forms: solid, liquid or gas. Also, water is the strongest form of erosion on earth. It can take years for seepage to appear, however it has appeared in places where it was not previously present. More than one state aquifer has been damaged. In addition to man made failures, we added with the contamination of our seas by dumping sewerage into it. This is a serious danger. To me, that is the real problem that over time these sins are affecting fishing industries throughout the world. I feel it is time to stop the madness and rest these policies while seeking new and different answers. Time is the problem.
Time has come today...
(thank you, Chamber Bros.)
The people behind the concept of global warming constantly repeat these dangers, but with little governmental powers nothing gets done. These accumulated sins against nature are building up over time until forces beyond our knowledge could erupt.
Bottom line:
we need to seek technology that works with nature like solar. We cannot let the money interest push nuclear which is the most dangerous form of energy because it is cheaper. Quality is never cheap. Technology that is symbiotic with nature should be sought or we will find our future generation living underground wondering what are the cycles of nature?
Liars and Crooks: Obama care will cost more than projected. People will lose their favorite health care choice. Together, the nation will add to our vast deficits with leaders that always pass the buck rather than facing a serious issue. In their weak minds they are hoping that the Federal Reserve will pull another "hat trick" out of the hat that will lower the costs of all the accumulated debt. The problem is that the states are beginning to suffer from the debased currency and they cannot pass the debt due to the fact that state constitutions say that budgets must balance. They will lay their problems at the feet of the government like Detroit. This is a by-product of the Fed and QE. End the Fed!
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