Let’s have an exercise in common sense, shall we?
Your government is talking about a $7.7 trillion economic stimulus package to save our economic system. We have 300 million people in the U.S. That is just about $25,000 for every man, woman, and child.
It is also about the average people pay in taxes each year.
So in essence, they are going to give away what we all paid last year in taxes.
But what happened to all the money they spent last year on all the big government services, all the entitlement programs and all the wages of all those federal employees?
Add in the fact that our government’s income is shrinking due to people NOT spending money.
So how are they going to pay for a $7.7 trillion stimulus plan? With your 2008 taxes. They will take all that money they bring in to stimulate the economy. Then the next year they will pay 2009 bills with future tax earnings.
Sound familiar? It should.
A guy named Madoff just got caught doing the same thing in a $50 billion dollar Ponzi scheme. He would get an investor and promise him interest, and then find another investor to cover the costs of paying interest to the first investor, and then find another investor to pay for the interest of the first two investors and so on and so on. He would pocket money as he went making millions.
Congress is doing the same thing. The outcome? Same as the Madoff Ponzi, almost everyone loses. Except, congress won’t convict itself. They made their millions, got re-elected, and screwed millions out of their life savings. We all lose.
The scheme that congress is cooking right now, will destroy our monetary system, cause a DEEP recession, if not a depression in early 2009. Get ready.
Thursday, December 18, 2008
Tuesday, December 16, 2008
I Don’t Care What Color Obama is
Someone commented on the blog that I was a racist and that I hated Obama because he is black. I won’t post the comment because he also used a few choice four letter words and disparaged my mother. (No one disparages my mother!)
Am I a racist? Let’s see shall we?
First Test: Have any of my blogs been about the color of his skin? No.
Second Test: Does his skin color have anything to do with his socialistic policies and desires? No.
Third Test: Did you vote for him because he was black? I don’t know did you? Maybe you are the racist.
Fourth Test: Does his skin color have anything to do with how he will lead the country? Most say yes. Even those on his side of the isle have said over and over again that his life experiences, including his skin color, will have an effect on his decisions.
So, am I a racist because I don’t like his policies? Am I a racist because I don’t like his politics? Am I a racist because I don’t want a socialist president?
I must be, because it couldn’t possibly be because I am smart enough to know the difference between a socialist and a conservative.
I must be, because it couldn’t possibly be that I have a disagreement with his basic fundamental philosophy of what our country should be.
I must be, because it couldn’t possibly be that I have read enough about history to see when someone isn’t what they represent themselves to be.
I must be, because I couldn’t possibly have a legitimate argument that socialism is the bane of all government and eventually will lead to the downfall of the U.S.
I must be, because it couldn’t possibly be that he cares more about his own career than doing what is right and good.
I must be, because the only possible reason not to bow down at the pulpit of Obama, not worship the man, the myth, the legend, is that I am a white bigot who can’t think for himself and uses the color of someone’s skin to base all decisions.
Ergo, I am a racist. Nice liberal logic.
Am I a racist? Let’s see shall we?
First Test: Have any of my blogs been about the color of his skin? No.
Second Test: Does his skin color have anything to do with his socialistic policies and desires? No.
Third Test: Did you vote for him because he was black? I don’t know did you? Maybe you are the racist.
Fourth Test: Does his skin color have anything to do with how he will lead the country? Most say yes. Even those on his side of the isle have said over and over again that his life experiences, including his skin color, will have an effect on his decisions.
So, am I a racist because I don’t like his policies? Am I a racist because I don’t like his politics? Am I a racist because I don’t want a socialist president?
I must be, because it couldn’t possibly be because I am smart enough to know the difference between a socialist and a conservative.
I must be, because it couldn’t possibly be that I have a disagreement with his basic fundamental philosophy of what our country should be.
I must be, because it couldn’t possibly be that I have read enough about history to see when someone isn’t what they represent themselves to be.
I must be, because I couldn’t possibly have a legitimate argument that socialism is the bane of all government and eventually will lead to the downfall of the U.S.
I must be, because it couldn’t possibly be that he cares more about his own career than doing what is right and good.
I must be, because the only possible reason not to bow down at the pulpit of Obama, not worship the man, the myth, the legend, is that I am a white bigot who can’t think for himself and uses the color of someone’s skin to base all decisions.
Ergo, I am a racist. Nice liberal logic.
Monday, December 15, 2008
Make Your Voice Heard
I just about stopped writing this blog. It was mostly for me to vent my anger, frustration and to prime my writing skills to do other projects.
I thought no one was reading.
IF you want me to continue do two things.
1. Let me know. Create comments and add your voice.
2. Tell others. That is the only way this thing grows.
I thought no one was reading.
IF you want me to continue do two things.
1. Let me know. Create comments and add your voice.
2. Tell others. That is the only way this thing grows.
Disneyland, Obamaland, and Toleranceland
I spent the last five days in the happiest place on earth. Obviously it was away from the news, the radio, and the computer. But there were four things that I found that needed a discussion.
Those Evil Oil Companies.
Remember eight months or so ago when the news and the liberals were all screaming that the evil oil companies were behind the price hikes? Remember them calling for massive tax increases and an investigation into their business practices? Remember that the liberal attack machine went on the offensive and used it for political gain?
Where are they now that gas is $1.65 a gallon?
If the gas companies are the ones who should be blamed for the rise in oil prices, shouldn’t they also get the credit for prices when they go down? The news was vehemently against any truth of market conditions for the prices going up, BUT, last night on a news ticker was this: “Market conditions cause gas prices to decrease.” So let’s see if the news is working for you or for some other agenda?
The news wants you to believe that gas prices increase because evil oil companies have some magical way to increase the cost to make more money, but when the gas price go down it is only due to market conditions. Nice! Totally incompressible, just the way they like it. News people think that you’re an idiot, that you can be led like lambs, controlled because you can’t remember what they said a couple of days ago let alone several months ago. This is the game they play with “slower” Americans. If something goes wrong it is ALWAYS someone else’s fault.
Obama’s Eyes Were Opened
Have you noticed that Obama is doing a lot of back peddling? Have you noticed that he is trying to get everyone to lower their expectations? Have you noticed that he is trying to distance himself from many of the things he said in the campaign?
Notice that it happened AFTER he began his full national security and economic briefings?
Here’s what happened. He found out all the things that Bush already knew. He found out all the little things that they don’t tell us. He found out all the rest of the information that the news media doesn’t have, or isn’t willing to tell us. Now he is desperately trying to downplay his agenda, his plans, and his “change.”
What should this tell you? It should scare the %$^@#@# out of you. Here is a man who bought the election on promises, then found out the real story and is backing down. I am no so worried about him backing down as I am about what he was told.
2009: First Quarter
I am not a doom and gloom guy, honest I am not. I am a realist. (Although my wife wanted me to buy a Grumpy shirt at Disneyland) But I think we are at the precipice of economic history and no one is talking about it, because the news doesn’t want to make it happen, the government doesn’t want you to know, and most people are more worried about what will be in their stocking come Christmas rather than what will be in their bank account in February. It is the equivalent of the nation playing the childhood game of ‘closing your eyes and ears and the bad stuff will go away.’
It will not.
(look, I am not some country bumpkin, my job, the one I get paid for, is to understand how money works and I am really good at it too. Notice that I am not spouting mainstream media or right wing radio crap either. Stop listening to people who have got ratings to sell, advertisers to please, or books to pitch, or a job to save. They aren’t going to tell you unless it benefits them. Your family’s situation means nothing to them.)
Regional banks in Texas and Florida have now failed and the news barely reported it. China is no longer buying U.S. debt, yet we are still going full bore on bailout plans with money we don’t have. This leaves us with VERY limited options to gain access to all this money that they want to bailout the economy. The one that they seem to want to employ is ‘the home printer method’ and just start printing more money.
Look, right now, our government is over extended. They don’t have the money and other countries don’t have the money to lend us. Taxes are the largest income for any government, and when the economy is shrinking, so is that income.
Our economy exists on two things. First, we spend to keep each other employed. If you don’t spend your neighbor loses his job. Second, we have faith in our monetary system. Someone, somewhere believes that our dollars are worth something. As soon as that someone has a doubt, the system fails.
I have slowed my spending, how about you? I am trying to save money now, not spend it. Any smart family would do the same. First blow.
China is now buying gold, not dollars. The middle east is not happy with “dollar production” from oil and might turn to the Euro to stabilize oil prices. Other country’s no longer want U.S. Debt and are looking for alternatives. Sure sounds like they are NOT believers. Not to mention that Consumer Confidence is declining. Second blow.
We are one catastrophe away from a complete collapse (it could be as small as a run on a single bank in West Virginia, or a misrepresented news story about shortages, or even a terror attack). Don’t believe me? Go read history. The Depression wasn’t caused by a single event. It was caused by several small ones INCLUDING the government stepping in to “save” the people.
I look to history to see how this is going to play out. Mexico, Korea, USSR, and others have all been through this. What I am talking about is the collapse of a monetary system. Over a short period usually three months (this has significant meaning to those who are listening) there is complete chaos, and things all but shut down, food is scarce, you can’t buy much of anything and there is a lot of instability. Everyone is scared to sell something one day and have the money they received be worth less a day later. It stabilizes after a while, but everything now has changes. A $3.00 loaf of bread not cost $5.60, but your income from your job doesn’t change. You just have to cope. Your income is still $50,000, but your expenses have doubled.
I hope you have three plus month’s supply. I hope you have friends who have too. I wish you good luck.
Four things I have done and think you should do.
1. Get a three+ months supply of food and create a friends group who have done it too so that you can trade for what you need.
2. Get some cash out and put it in a safe place. Get $5, $10, $20 bills, if you have to buy $20 worth of something and only have $100, you won’t get change. Think through the scenario, who’s going to have change? What is a $1 bill going to be worth? $1 bills could be the new penny.
3. Think about your family’s safety. When people get hungry and scared they can go one of two ways. Katrina: Where everyone loots, shoots, and society collapses. Or, they can do what those in the Midwest did in the floods of 2007 (where three times as many peole lost thier homes than in Katrina), band together in groups, helped each other, and supported each other. I don’t know about where you live, but I am not leaving my family’s safety to chance.
4. Pray, and share this with others. Start talking about what you would actually do if this happens. Talk to your spouse, your kids, your friends, and your church. Make plans, and if people ridicule you for wanting to make a plan, YOU NEED TO FIND OTHE FRIENDS OR PEOPLE, because the last people you want to be in a foxhole with are people who did not prepare.
Time is short.
Freaks and the fascist Idea of tolerance
If you don’t accept people who are different than you, you are a bigot. If you don’t agree with ‘lifestyle’ or my ‘choices’ you are intolerant. If my minority and their actions and behaviors are not acclimated by society, then society is wrong and must be forced to accept me and my likeminded friends.
Duh, Okay. I'll just quit fighting for what I beleive so taht you can make stupid choices.
At Disneyland, we saw a bunch of Kandi-Kids (if you don’t know what they are Google Kandi Kids). They were quiet and respectful, but when asked “why do you wear all that stuff?” He replied, “Each one reminds me of a rave that I went to, the drugs we took, and the great time we had. All the bracelets and stuff are my vibe that I have in my body outward on my body. I want to show the world what happiness is.”
Great Gizzards Ghost! I didn’t know you needed ten pounds of childish bracelets, colored chains and toddler’s backpacks to be happy.
There have always been outsiders, fringe people, and minority groups of people who choose a lifestyle. But recently we have seen them pushing their lifestyle onto mainstream and demanding rights. They push their agendas through courts, like minded politicians and support groups (community organizers) and get upset when people WHO DO NOT think like they do push back.
Gays are now openly declaring war on religious groups who oppose their desires. Next it will be the Kandi-Kids. Soon they will want laws to be exempt from having to pay for the health problems that their lifestyle has caused. Then they will get upset and protest at churches because their rights are being denied when the law passes to reject their lifestyle acceptance.
(Oh, by the way, Kandi Kids say that even though the lifestyle originated by the ravers who sold the drugs, you know, cause they are easier to see in a crowed all decked out with glow sticks, bracelets, baby paraphernalia, and that the original Kandi-Kids got their name from selling “candy,” that they don’t do drugs. If you believe that, what exactly have you been smoking?)
If we tolerate all behavior, the ones who will not be tolerated are the ones with morals, beliefs, and common sense.
Those Evil Oil Companies.
Remember eight months or so ago when the news and the liberals were all screaming that the evil oil companies were behind the price hikes? Remember them calling for massive tax increases and an investigation into their business practices? Remember that the liberal attack machine went on the offensive and used it for political gain?
Where are they now that gas is $1.65 a gallon?
If the gas companies are the ones who should be blamed for the rise in oil prices, shouldn’t they also get the credit for prices when they go down? The news was vehemently against any truth of market conditions for the prices going up, BUT, last night on a news ticker was this: “Market conditions cause gas prices to decrease.” So let’s see if the news is working for you or for some other agenda?
The news wants you to believe that gas prices increase because evil oil companies have some magical way to increase the cost to make more money, but when the gas price go down it is only due to market conditions. Nice! Totally incompressible, just the way they like it. News people think that you’re an idiot, that you can be led like lambs, controlled because you can’t remember what they said a couple of days ago let alone several months ago. This is the game they play with “slower” Americans. If something goes wrong it is ALWAYS someone else’s fault.
Obama’s Eyes Were Opened
Have you noticed that Obama is doing a lot of back peddling? Have you noticed that he is trying to get everyone to lower their expectations? Have you noticed that he is trying to distance himself from many of the things he said in the campaign?
Notice that it happened AFTER he began his full national security and economic briefings?
Here’s what happened. He found out all the things that Bush already knew. He found out all the little things that they don’t tell us. He found out all the rest of the information that the news media doesn’t have, or isn’t willing to tell us. Now he is desperately trying to downplay his agenda, his plans, and his “change.”
What should this tell you? It should scare the %$^@#@# out of you. Here is a man who bought the election on promises, then found out the real story and is backing down. I am no so worried about him backing down as I am about what he was told.
2009: First Quarter
I am not a doom and gloom guy, honest I am not. I am a realist. (Although my wife wanted me to buy a Grumpy shirt at Disneyland) But I think we are at the precipice of economic history and no one is talking about it, because the news doesn’t want to make it happen, the government doesn’t want you to know, and most people are more worried about what will be in their stocking come Christmas rather than what will be in their bank account in February. It is the equivalent of the nation playing the childhood game of ‘closing your eyes and ears and the bad stuff will go away.’
It will not.
(look, I am not some country bumpkin, my job, the one I get paid for, is to understand how money works and I am really good at it too. Notice that I am not spouting mainstream media or right wing radio crap either. Stop listening to people who have got ratings to sell, advertisers to please, or books to pitch, or a job to save. They aren’t going to tell you unless it benefits them. Your family’s situation means nothing to them.)
Regional banks in Texas and Florida have now failed and the news barely reported it. China is no longer buying U.S. debt, yet we are still going full bore on bailout plans with money we don’t have. This leaves us with VERY limited options to gain access to all this money that they want to bailout the economy. The one that they seem to want to employ is ‘the home printer method’ and just start printing more money.
Look, right now, our government is over extended. They don’t have the money and other countries don’t have the money to lend us. Taxes are the largest income for any government, and when the economy is shrinking, so is that income.
Our economy exists on two things. First, we spend to keep each other employed. If you don’t spend your neighbor loses his job. Second, we have faith in our monetary system. Someone, somewhere believes that our dollars are worth something. As soon as that someone has a doubt, the system fails.
I have slowed my spending, how about you? I am trying to save money now, not spend it. Any smart family would do the same. First blow.
China is now buying gold, not dollars. The middle east is not happy with “dollar production” from oil and might turn to the Euro to stabilize oil prices. Other country’s no longer want U.S. Debt and are looking for alternatives. Sure sounds like they are NOT believers. Not to mention that Consumer Confidence is declining. Second blow.
We are one catastrophe away from a complete collapse (it could be as small as a run on a single bank in West Virginia, or a misrepresented news story about shortages, or even a terror attack). Don’t believe me? Go read history. The Depression wasn’t caused by a single event. It was caused by several small ones INCLUDING the government stepping in to “save” the people.
I look to history to see how this is going to play out. Mexico, Korea, USSR, and others have all been through this. What I am talking about is the collapse of a monetary system. Over a short period usually three months (this has significant meaning to those who are listening) there is complete chaos, and things all but shut down, food is scarce, you can’t buy much of anything and there is a lot of instability. Everyone is scared to sell something one day and have the money they received be worth less a day later. It stabilizes after a while, but everything now has changes. A $3.00 loaf of bread not cost $5.60, but your income from your job doesn’t change. You just have to cope. Your income is still $50,000, but your expenses have doubled.
I hope you have three plus month’s supply. I hope you have friends who have too. I wish you good luck.
Four things I have done and think you should do.
1. Get a three+ months supply of food and create a friends group who have done it too so that you can trade for what you need.
2. Get some cash out and put it in a safe place. Get $5, $10, $20 bills, if you have to buy $20 worth of something and only have $100, you won’t get change. Think through the scenario, who’s going to have change? What is a $1 bill going to be worth? $1 bills could be the new penny.
3. Think about your family’s safety. When people get hungry and scared they can go one of two ways. Katrina: Where everyone loots, shoots, and society collapses. Or, they can do what those in the Midwest did in the floods of 2007 (where three times as many peole lost thier homes than in Katrina), band together in groups, helped each other, and supported each other. I don’t know about where you live, but I am not leaving my family’s safety to chance.
4. Pray, and share this with others. Start talking about what you would actually do if this happens. Talk to your spouse, your kids, your friends, and your church. Make plans, and if people ridicule you for wanting to make a plan, YOU NEED TO FIND OTHE FRIENDS OR PEOPLE, because the last people you want to be in a foxhole with are people who did not prepare.
Time is short.
Freaks and the fascist Idea of tolerance
If you don’t accept people who are different than you, you are a bigot. If you don’t agree with ‘lifestyle’ or my ‘choices’ you are intolerant. If my minority and their actions and behaviors are not acclimated by society, then society is wrong and must be forced to accept me and my likeminded friends.
Duh, Okay. I'll just quit fighting for what I beleive so taht you can make stupid choices.
At Disneyland, we saw a bunch of Kandi-Kids (if you don’t know what they are Google Kandi Kids). They were quiet and respectful, but when asked “why do you wear all that stuff?” He replied, “Each one reminds me of a rave that I went to, the drugs we took, and the great time we had. All the bracelets and stuff are my vibe that I have in my body outward on my body. I want to show the world what happiness is.”
Great Gizzards Ghost! I didn’t know you needed ten pounds of childish bracelets, colored chains and toddler’s backpacks to be happy.
There have always been outsiders, fringe people, and minority groups of people who choose a lifestyle. But recently we have seen them pushing their lifestyle onto mainstream and demanding rights. They push their agendas through courts, like minded politicians and support groups (community organizers) and get upset when people WHO DO NOT think like they do push back.
Gays are now openly declaring war on religious groups who oppose their desires. Next it will be the Kandi-Kids. Soon they will want laws to be exempt from having to pay for the health problems that their lifestyle has caused. Then they will get upset and protest at churches because their rights are being denied when the law passes to reject their lifestyle acceptance.
(Oh, by the way, Kandi Kids say that even though the lifestyle originated by the ravers who sold the drugs, you know, cause they are easier to see in a crowed all decked out with glow sticks, bracelets, baby paraphernalia, and that the original Kandi-Kids got their name from selling “candy,” that they don’t do drugs. If you believe that, what exactly have you been smoking?)
If we tolerate all behavior, the ones who will not be tolerated are the ones with morals, beliefs, and common sense.
Wednesday, December 10, 2008
My Day Without a Gay.
Today, all over the country Gay people are calling in sick. They are not working to prove a point, or to punish the rest of us, I don’t know. They feel that they are so important that if they are gone, we will crumble as a society.
So what was the impact of a day without a gay?
Nothing for 97% of America.
Sure, Hollywood shut down because no one was there to do makeup. Some trendy restaurants in New York had longer table times because a third of the waiters never showed up. The drag fest in New Orleans and San Francisco didn’t function properly, but no one cared because the audience is all gay anyway and they didn’t show up.
Oh, and the government ceased to be productive in anyway, nope sorry. That had nothing to do with a lack of gays.
So what was the impact of a day without a gay?
Nothing for 97% of America.
Sure, Hollywood shut down because no one was there to do makeup. Some trendy restaurants in New York had longer table times because a third of the waiters never showed up. The drag fest in New Orleans and San Francisco didn’t function properly, but no one cared because the audience is all gay anyway and they didn’t show up.
Oh, and the government ceased to be productive in anyway, nope sorry. That had nothing to do with a lack of gays.
What Can I Say?
I haven’t written anything in a week. Not from a lack of fodder.
Everywhere I turn there is another issue, another problem, another lie, and another Obamanation.
I can’t keep up with them all.
Which one do I address?
1. The corrupt political system in Illinois that Obama says he has nothing to do with? (snicker, oh come on, really?)
2. The Civilian National Security Force that is developing while we all worry about the financial crisis?
3. How about the fact that the media is allowing Obama to back pedal away from nearly half of his promises made that he used to “buy” this election?
4. Or what about the elitist, no experience, all theoretical appointments he is making to his Cabinet?
5. I should be writing about Liberal Fascism that has already begun to target religions. This, by far is the most important, but no one is reading this blog anyway.
The truth this, there is too much to write about. Our country is in shambles, and all most people care about is what they are getting for Christmas. That is why we are in such trouble. We have delegated our political responsibilities to our “representatives” so we can live our lives. What we don’t understand is that those representatives have robbed us of our future.
Wednesday, December 3, 2008
Dollars and Sense
The last few weeks have been amazing as I watch what they say on the news, then what they don’t say. It is hard for me to understand what is real and what is speculation, but it is time for me to work out some things and I thought there is not a better place to do it then here so this post is an exercise in trying to understand what is going on.
The world economy is in trouble. No matter what the network and cable news programs are saying, and what program they are pitching, the world economy is unstable to say the least, and at most, on the brink of catastrophe. Trust your gut. You know it is true. Something is wrong, and no one either knows, or isn’t telling us because they don’t want us to know. Something is wrong, like never before.
Here is what I believe to be true.
China owns more U.S. debt than anyone else, and they are not lending anymore. In fact, they have decided to invest more in gold going from 600 tons to over 4,000 to diversify away from currency (12-3-08). This means that they do not see a strong future in our currency. No one else in the world is in a position to invest in U.S. debt, yet, our government has pledged $7.7 billion for recovery. This doesn’t grow on trees, China is not going to lend it to us, and we can’t get that in tax revenue if we are in a recession. The dollar has gained ground on the Yuan (WSJ, 12-3-08), but how do you trust a currency that is controlled by a government? Devaluing their currency may be the only way to stabilize their investment in U.S. Dollars for the time being. A collapse in the dollar hurts China, but none-the-less, just like any investor pouring good money after bad isn’t palatable. The shift from dollars to gold is a shot across the bow. A signal most of us wouldn’t see or understand.
The U.S. government deployed 20,000 troops WITHIN the U.S. (go to the Pentagon’s website). They are calling them ready response teams. Why now? Why at this point? This in and of itself is peculiar, but couple it with the current financial crisis and one has to ask, what are they preparing for? The terror threat level has not been increased, no one is talking about another attack from without, and it was done quietly without a lot of hoopla from either side of the isle, even though it’s in direct violation of the Posse Comitatus Act, a 130-year-old federal law restricting the military's role in domestic law enforcement. (Washington Post 12-1-08) Is this the second signal we should be listening to?
Back to the dollar, which is not backed by anything. There is no gold standard. The dollar exists on one thing, consumer confidence. This means that collectively we have to give the dollar value by believing that it has value. This scares me to death, and has for the better part of my life. Think about it. The only place you can spend a dollar is with someone who believes it is worth a dollar. You can’t trade it in for gold, or silver, or anything else. Today consumer confidence is not at its lowest point, (http://www.conference-board.org/economics/ConsumerConfidence.cfm) but how much would it take for us to collectively NOT believe that the dollar has value. Or more to the point, that China, Russia, or other holders don’t believe that the dollar has value.
The big three auto companies are in trouble, state and local governments are looking for handouts, big box stores, that survive on small margins and huge inventories are going under (Mervyns, Circuit City, Linens-N-Things,etc.) and there the tip of the iceberg. How many others will go under after a dismal Christmas? More to the point, how much have you, yourself or family cut back? Is it 10%, 25% or is it more? This is important to think about. If you cut your own spending by 20% (which is great for your family) what would that same amount do to the U.S. economy?
20% from every family decreases the U.S. economy closer to twice that amount. Why? Simple economics. Not only do you not buy what you do not buy, but the person who isn’t getting your purchase isn’t making additional purchases because you money isn’t there. It is at least twice the amount now that I think about it. It is a domino effect.
40% is catastrophic. It is a game changer. I am not talking about 40% loss in the stock market, that is already happening. I am talking about 40% loss in the economy as a whole. Scary.
What is the worse case scenario?
China sells off massive investments, simply trashes the dollar, or just decides not to lend us anymore money. The dollar loses value in the world market because no one believes it is worth anything. Now we have hyperinflation. Bread goes from $3 a loaf to $30 a loaf. Hyperinflation.
Don’t think it can happen?
Ever been to Mexico or Korea? Mexico’s money is in Pesos. Why isn’t a peso and a dollar worth the same? Korea is in Won. It takes nearly 1,000 won to equal a dollar. How did that happen? Hyperinflation. It may happen here too.
I used to think that the worst case scenario would be a long, deep, wide spread recession.
Not anymore.
I think the worst thing that could happen is a collapse of the dollar, hyperinflation, and a restructuring of world economics.
Think about the movies. Think The Postman or Mad Max.
Maybe that is why they have deployed 20,000 troops in the U.S.
Come to think of it, I don’t think 20,000 will be enough.
The world economy is in trouble. No matter what the network and cable news programs are saying, and what program they are pitching, the world economy is unstable to say the least, and at most, on the brink of catastrophe. Trust your gut. You know it is true. Something is wrong, and no one either knows, or isn’t telling us because they don’t want us to know. Something is wrong, like never before.
Here is what I believe to be true.
China owns more U.S. debt than anyone else, and they are not lending anymore. In fact, they have decided to invest more in gold going from 600 tons to over 4,000 to diversify away from currency (12-3-08). This means that they do not see a strong future in our currency. No one else in the world is in a position to invest in U.S. debt, yet, our government has pledged $7.7 billion for recovery. This doesn’t grow on trees, China is not going to lend it to us, and we can’t get that in tax revenue if we are in a recession. The dollar has gained ground on the Yuan (WSJ, 12-3-08), but how do you trust a currency that is controlled by a government? Devaluing their currency may be the only way to stabilize their investment in U.S. Dollars for the time being. A collapse in the dollar hurts China, but none-the-less, just like any investor pouring good money after bad isn’t palatable. The shift from dollars to gold is a shot across the bow. A signal most of us wouldn’t see or understand.
The U.S. government deployed 20,000 troops WITHIN the U.S. (go to the Pentagon’s website). They are calling them ready response teams. Why now? Why at this point? This in and of itself is peculiar, but couple it with the current financial crisis and one has to ask, what are they preparing for? The terror threat level has not been increased, no one is talking about another attack from without, and it was done quietly without a lot of hoopla from either side of the isle, even though it’s in direct violation of the Posse Comitatus Act, a 130-year-old federal law restricting the military's role in domestic law enforcement. (Washington Post 12-1-08) Is this the second signal we should be listening to?
Back to the dollar, which is not backed by anything. There is no gold standard. The dollar exists on one thing, consumer confidence. This means that collectively we have to give the dollar value by believing that it has value. This scares me to death, and has for the better part of my life. Think about it. The only place you can spend a dollar is with someone who believes it is worth a dollar. You can’t trade it in for gold, or silver, or anything else. Today consumer confidence is not at its lowest point, (http://www.conference-board.org/economics/ConsumerConfidence.cfm) but how much would it take for us to collectively NOT believe that the dollar has value. Or more to the point, that China, Russia, or other holders don’t believe that the dollar has value.
The big three auto companies are in trouble, state and local governments are looking for handouts, big box stores, that survive on small margins and huge inventories are going under (Mervyns, Circuit City, Linens-N-Things,etc.) and there the tip of the iceberg. How many others will go under after a dismal Christmas? More to the point, how much have you, yourself or family cut back? Is it 10%, 25% or is it more? This is important to think about. If you cut your own spending by 20% (which is great for your family) what would that same amount do to the U.S. economy?
20% from every family decreases the U.S. economy closer to twice that amount. Why? Simple economics. Not only do you not buy what you do not buy, but the person who isn’t getting your purchase isn’t making additional purchases because you money isn’t there. It is at least twice the amount now that I think about it. It is a domino effect.
40% is catastrophic. It is a game changer. I am not talking about 40% loss in the stock market, that is already happening. I am talking about 40% loss in the economy as a whole. Scary.
What is the worse case scenario?
China sells off massive investments, simply trashes the dollar, or just decides not to lend us anymore money. The dollar loses value in the world market because no one believes it is worth anything. Now we have hyperinflation. Bread goes from $3 a loaf to $30 a loaf. Hyperinflation.
Don’t think it can happen?
Ever been to Mexico or Korea? Mexico’s money is in Pesos. Why isn’t a peso and a dollar worth the same? Korea is in Won. It takes nearly 1,000 won to equal a dollar. How did that happen? Hyperinflation. It may happen here too.
I used to think that the worst case scenario would be a long, deep, wide spread recession.
Not anymore.
I think the worst thing that could happen is a collapse of the dollar, hyperinflation, and a restructuring of world economics.
Think about the movies. Think The Postman or Mad Max.
Maybe that is why they have deployed 20,000 troops in the U.S.
Come to think of it, I don’t think 20,000 will be enough.
Monday, December 1, 2008
20,000 First Steps
Pentagon to deploy 20,000 troops for domestic emergencies
WASHINGTON (AFP) — The US Department of Defense plans to deploy 20,000 troops nationwide by 2011 to help state and local officials respond to terror or nuclear attacks and emergencies, The Washington Post said Monday.
Citing Pentagon officials, the newspaper said the plan calls for three rapid-reaction forces.
The first 4,700-strong unit, built around an active-duty combat brigade, is based at Fort Stewart, Georgia, and is already available for deployment, according to General Victor Renuart, commander of the US Northern Command, it said.
Two additional groups will later join nearly 80 smaller National Guard and reserve units made up of about 6,000 troops to support local and state authorities nationwide, The Post said.
They will all would be trained to respond to domestic chemical, biological, radiological, nuclear, or high-yield explosive attacks.
The newpaper said that civil liberties groups and libertarians had expressed concern that the plan could undermine the Posse Comitatus Act, a 130-year-old law restricting the military's role in domestic law enforcement.
I'm right there too. We are one step away from a federalized police force, which should scare us all. Welcome to the new world.
History is not on our side. Our incredibly short memory lets us collectively forget that centralized power will destroy individual freedom. Start reading people, or there won't be anything to fight for.
WASHINGTON (AFP) — The US Department of Defense plans to deploy 20,000 troops nationwide by 2011 to help state and local officials respond to terror or nuclear attacks and emergencies, The Washington Post said Monday.
Citing Pentagon officials, the newspaper said the plan calls for three rapid-reaction forces.
The first 4,700-strong unit, built around an active-duty combat brigade, is based at Fort Stewart, Georgia, and is already available for deployment, according to General Victor Renuart, commander of the US Northern Command, it said.
Two additional groups will later join nearly 80 smaller National Guard and reserve units made up of about 6,000 troops to support local and state authorities nationwide, The Post said.
They will all would be trained to respond to domestic chemical, biological, radiological, nuclear, or high-yield explosive attacks.
The newpaper said that civil liberties groups and libertarians had expressed concern that the plan could undermine the Posse Comitatus Act, a 130-year-old law restricting the military's role in domestic law enforcement.
I'm right there too. We are one step away from a federalized police force, which should scare us all. Welcome to the new world.
History is not on our side. Our incredibly short memory lets us collectively forget that centralized power will destroy individual freedom. Start reading people, or there won't be anything to fight for.
Sunday, November 30, 2008
The Real Story
This is how I feel about news. This is actually the way I see news and all its flakiness. Talking heads, commentators, their fake analysis and the overload of 24 hour news cycles. This is what we get when we try to create enough news to last in a 24 hour news program
http://www.theonion.com/content/video/obama_win_causes_obsessive
http://www.theonion.com/content/video/obama_undertakes_presidential
http://www.theonion.com/content/video/in_the_know_should_the_government
http://www.theonion.com/content/video/portrayal_of_obama_as_elitist
http://www.theonion.com/content/video/voting_machines_elect_one_of
http://www.theonion.com/content/video/obama_runs_constructive_criticism
http://www.theonion.com/content/video/in_thanksgiving_tradition_bush
Hey, this is as good or better than anything you can watch on CNN.
http://www.theonion.com/content/video/obama_win_causes_obsessive
http://www.theonion.com/content/video/obama_undertakes_presidential
http://www.theonion.com/content/video/in_the_know_should_the_government
http://www.theonion.com/content/video/portrayal_of_obama_as_elitist
http://www.theonion.com/content/video/voting_machines_elect_one_of
http://www.theonion.com/content/video/obama_runs_constructive_criticism
http://www.theonion.com/content/video/in_thanksgiving_tradition_bush
Hey, this is as good or better than anything you can watch on CNN.
Wednesday, November 26, 2008
You Go Rabbi
WE ALL ARE MORMONS....by Rabbi Shifren
We are living in an era of insanity! Witness the latest attempt to remake the nature of our country, founded and established on certain principles that have been the envy of the entire world. The latest assault on our country and its values comes in the form of vicious and criminal violence against the Mormon church in Westwood, California.
Interesting how the selective self-righteous indignation on the part of the radical Gay activists is played out here: they bewail the blow to freedom and justice! But I thought we just had elections, where the majority of Californians expressed their views in a free and open manner. Are we not a nation of laws? Dare we relive the McCarthy era, where Americans were harassed and threatened with the loss of their jobs for believing in a certain way? If the Gay radicals should have their way, untold numbers of Americans would live under the threat of the Gay-Lesbian "thought police," where individuals that reject the Gay lifestyle would be sought out and have sanctions brought against them.
It's bad enough for those working in the entertainment industry here in Los Angeles, where a fog of political correctness and a bending over backwards to accommodate, even promote Gay lifestyle is in full gear. Let none dare say that this type of activity is anathema to our country, our morality, and the debauchery of our young people.
Let it be stated unequivocally: The radical Gay attack on the Mormons is the shot over the bow against the United States of America. There was a time when what a man did in his bedroom was sanctified between himself and God. Now we are being served an "in-your-face" smorgasbord of smut and licentiousness as being between people who only "want their civil rights."
Hogwash! We are dealing with the equivalent of a moral takeover of the country that has as its bedrock a belief in God and His promise for humanity. They don't want civil rights! What they desire is quasi Gay/Lesbian hegemony, where a huge "bookburning," reminiscent of the Nazis, will purge any remnants of the "Christian, White, mainstream America" that has given ALL AMERICANS the most profound scope of freedom, liberty, and justice that Mankind has yet to experience.
People have perhaps wondered: why the Mormons? Answer: they are a small, yet vocal Christian minority. They have been selected by the mobs as vulnerable, a group that might not have such massive support among America's Christians.
We who are friends of the Mormons, their patriotism, their family values, will not falter in our continued support of these dear Americans. Let us recall the Christian minister Niemoller, whose admonition during those dark years of Nazi Germany moved us to our core:
"When they came for the gypsies, I said nothing, because I wasn't a gypsy. When they came for the homosexuals, I said nothing, because I wasn't a homosexual. When they came for the Jews, I said nothing, because I wasn't a Jew. Then they came for the Catholics, and I said nothing, because I wasn't a Catholic......then they came for me, and there was no one left to defend me."
My fellow Americans, in the coming battle for the heart and soul of America and everything we cherish, may this call to arms be the mantra of every concerned patriot:
"WE ALL ARE MORMONS!"
We are living in an era of insanity! Witness the latest attempt to remake the nature of our country, founded and established on certain principles that have been the envy of the entire world. The latest assault on our country and its values comes in the form of vicious and criminal violence against the Mormon church in Westwood, California.
Interesting how the selective self-righteous indignation on the part of the radical Gay activists is played out here: they bewail the blow to freedom and justice! But I thought we just had elections, where the majority of Californians expressed their views in a free and open manner. Are we not a nation of laws? Dare we relive the McCarthy era, where Americans were harassed and threatened with the loss of their jobs for believing in a certain way? If the Gay radicals should have their way, untold numbers of Americans would live under the threat of the Gay-Lesbian "thought police," where individuals that reject the Gay lifestyle would be sought out and have sanctions brought against them.
It's bad enough for those working in the entertainment industry here in Los Angeles, where a fog of political correctness and a bending over backwards to accommodate, even promote Gay lifestyle is in full gear. Let none dare say that this type of activity is anathema to our country, our morality, and the debauchery of our young people.
Let it be stated unequivocally: The radical Gay attack on the Mormons is the shot over the bow against the United States of America. There was a time when what a man did in his bedroom was sanctified between himself and God. Now we are being served an "in-your-face" smorgasbord of smut and licentiousness as being between people who only "want their civil rights."
Hogwash! We are dealing with the equivalent of a moral takeover of the country that has as its bedrock a belief in God and His promise for humanity. They don't want civil rights! What they desire is quasi Gay/Lesbian hegemony, where a huge "bookburning," reminiscent of the Nazis, will purge any remnants of the "Christian, White, mainstream America" that has given ALL AMERICANS the most profound scope of freedom, liberty, and justice that Mankind has yet to experience.
People have perhaps wondered: why the Mormons? Answer: they are a small, yet vocal Christian minority. They have been selected by the mobs as vulnerable, a group that might not have such massive support among America's Christians.
We who are friends of the Mormons, their patriotism, their family values, will not falter in our continued support of these dear Americans. Let us recall the Christian minister Niemoller, whose admonition during those dark years of Nazi Germany moved us to our core:
"When they came for the gypsies, I said nothing, because I wasn't a gypsy. When they came for the homosexuals, I said nothing, because I wasn't a homosexual. When they came for the Jews, I said nothing, because I wasn't a Jew. Then they came for the Catholics, and I said nothing, because I wasn't a Catholic......then they came for me, and there was no one left to defend me."
My fellow Americans, in the coming battle for the heart and soul of America and everything we cherish, may this call to arms be the mantra of every concerned patriot:
"WE ALL ARE MORMONS!"
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