The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Thursday, September 29, 2011

People should never make investment decisions based on reporters

In the world of journalism and reporting, quite often the talking heads and telepromptor readers have no background or idea of the pablum they give to Americans from the great living room programming device (tv).

Such is the case with this news reporter, who attempts to speak on business and why the Dollar is a better investment than gold simply because...

The dollar is backed by the government.


Im sure the Chinese, oil shieks, russians, and other non-western countries who are accumulating it by the boatload have their trust in the US government as much as this ... err um, reporter.

Caption Contest - September 29th

This is a picture of President Obama after a speech given on jobs.

Consumer belief in the economy reaches second weakest in history

When consumers are happy with their job situations and the economy, then consumer spending seems to go hand in hand with that happiness.  However, besides the fact that consumer confidence on jobs reached a low not seen since 1983, we now discover that consumer comfort is at a near record low as well.

As ES levitates 20-30pts off overnight lows on 'incredible' macro data and 'hope' in Europe, Bloomberg's Consumer Comfort Index just printed the second-lowest reading ever as 93% of those surveyed had a negative opinion of the economy. In almost every demographic, sentiment has fallen to near record lows (except we do note that in the last week those earnings 75k or more modestly improved their outlook though still drastically low). Perhaps the most critical sub-index, given the dependence on a consumer who is not paying his mortgage and living off food stamps, is the Buying Climate, which has only been lower during Q3 2008. We assume the congressional 'super-committee' is paying attention. - Zerohedge

(Chart courtesy of Bloomberg)

So tell us readers... what do you think this chart foretells for the Christmas season, which is just 3 months away?

Obama administrations solar programs and loans are payoffs to Democratic supporters

Crony Capitalism is not new, and has in fact been a part of the corporate/political system ever since companies began using campaign donations to buy legislation or taxpayer money to benefit themselves.

The Obama administration has not been immune to this, and in a growing scandal regarding loans and taxpayer grants given to green energy and solar companies, it appears that more and more, the Department of Energy and the Obama white house have used these programs to pay off major Democratic contributors.

A Daily Caller investigation has found that in addition to the failed company Solyndra, at least four other solar panel manufacturing companies receiving in excess of $500 million in loan guarantees from the Obama administration employ executives or board members who have donated large sums of money to Democratic campaigns. - The Daily Caller

Alas, even as the government now sits on the precipice of bankruptcy, one should never let a good payola scam using taxpayer money go to waste.

Tuesday, September 27, 2011

Stock market warnings as SEC looks to cut market threasholds

There is a new warning that appears to be coming down from the SEC as they are proposing to change the market circuit breakers in half before instituting temporary or permanent shutdowns.  The current scenario has the circuit breakers set to force halts if the markets drop 10, 20, or 30% on a given day, and the new recommendations would halve those amounts.

The real question is, what does this tell you as an omen?  More than anything, is it a warning to investors and the public that they foresee drops in the near future, and this is their way to manipulate the rush to the exits when the bovine scatology hits the fan?

Ron Paul on the Daily Show

Last evening, Ron Paul was on two segments of the Daily Show with Jon Stewart, and it appears that the host may have a deep seated respect for the man as the worst thing he could come up with was that Congressman Paul was consistent.

Imagine that... CONSISTENCY from a politician.

Take a look at both segments of the Daily Show interview with Ron Paul.  Alas, there is ONE media franchise who isn't out to exile the leader of the revolution.



Part 2

Activity on the Euro was the best medicine for gold and silver

As we mentioned within the past few days, the fall in gold and silver (paper) prices was tied primarily to a selloff by hedge funds, investment houses, and anyone who still had stocks due to the need for cash (primarily dollars).  Coupled with a 20 and 21% margin rate increase by the Hong Kong and CME exchanges respectively, and it is a no-brainer we got a short-term crushing of the metals.

And accordingly, all it took was for Europe to do ANYTHING that smelled of bailouts, easing, or flat-out money printing, and that rumor just so happened to begin last night.

Subsequently, gold is not up $80 from yesterdays low, and silver a WHOPPING $6 more, crossing $33.00 an ounce at the start of US trading.

Silver




Gold

Charts courtest of Zerohedge

Monday, September 26, 2011

Tax rich liberals... in fact, they WANT you too!

Michael Savage poignantly said that liberalism is a mental disorder, and judging by the statemens of two rich liberal supporters of President Obama, by gods he is right!

"Would you please raise my taxes?"

Oh, liberals gushed when a rich audience member asked Obama that question today. It seems relevant to point out that this rich liberal is Doug Edwards from the Obama-friendly and regulation-friendly Google.
Edwards has given $300,000 to politicians since 2000 -- every single dime to Democrats. He specifically said he wanted his higher taxes to cover Pell Grants.

That's about 60 Pell Grants he could have provided. - Timothy Carney, Washington Examiner


I dont know about you ladies and gentlemen, but I say BULLY!  Lets tax rich liberals!  Not only do people like Warren Buffet and Doug Edwards advocate it, they are volunteering!

Congress does what Congress does best... passes two month budget to nowhere

Congress, afraid of having to stay late before their extended vacation next week, was able to pass a new.... wait for it....

Stopgap budget!  A two-month budget to nowhere.

Why Americans even bother to elect Congressmen anymore when they seem to have the literacy rates of Detroit is beyond this observer.

Ahh well... come November 18th, Congress will once again huff and puff, and do a humpty-dumpty, claiming themselves celebrities for passing another small extension before zooming off for a Christmas only the rich can enjoy.

Dont look know... gold rebounds a bit on Euro rumored kick save

It is Monday... do you know where your money went to?  As usual, the makets roared over 150 points in the final hour based on...

You guessed it, ANOTHER EURO RUMOR.

The leaked rumors of the EU's octuple-down CDO^2 bet on themselves was enough to get the buy-the-rumor juices flowing and we rapidly squeezed higher. IG outperformed, ending the day notably tighter than respective equity and HY spreads would expect as even though risk seemed on, we did not see a mad scramble for high beta and HY bonds remained offered in general. Gold and Silver managed a huge bounce off intraday lows ending the day -1.5 to 2% while the dollar sold off into the close (as EUR rallied) to end the day unch from Friday. - Zerohedge
Gold of course closed above $1600 and silver above $30 after being pummeled throughout the day.  What you need to notice is, NOTHING is in stone until the man behind the curtain, in Europe, or the US comes out like Baghdad Bob and says all is well, and an ACTUAL monetary plan is implemented.
Then... the direction gold or silver goes AFTER that REAL (not rumored) move takes place, can help you feasibly make a decision on your metals.


Fox News... fair and balanced out the window according to CEO

Roger Ailes, CEO of Fox News, and controller of the most popular news source on cable television, is choosing to remove the curtain on their 'fair and balanced' mantra, and report that moving forward, journalism on the station will be experiencing a 'course correction'.

Ailes is accused of being the catalyst that caused Glen Beck to jump ship, and even for conservative viewers who watch Fox News, many are noticing a great change away from the conservative foundations that attracted a majority of viewers.

He made a big admission to Newsweek, saying that he has made a "course correction" at Fox News, veering it away from the hard-right line it took in the earlier days of the Obama administration. (Ailes offered a preview of this strategy in January, when he told Russell Simmons that he had ordered his anchors and pundits to "tone it down" in the wake of the Gabrielle Giffords shooting.) Beck's departure, as well as a more nuanced approach to his most famous pundit, Sarah Palin, have been part of that strategy, Ailes said. – Huffington Post

Now it is official... we can begin calling the cable news giant:
Faux News... we distort, you comply.

Truth is rare too find, even with it is spoken with words like "Goldman rules the world"

It is rare when the usual talking head business shows allow someone to speak against the establishment and status quo, and it is another when they allow someone on who utterly shocks them into being speechless.

This is what happened this morning on merry ole England's BBC network when a trader came on and laid out the cancer that is the economic crisis, and the fact that it is not governments, but rather Goldman Sachs that truly rules the world.

Friday, September 23, 2011

Gold and silver crash mystery solved - September 23rd

Gold, silver, and especially copper all fell to the headsmans axe today, and through most of the market trading, rumors abound who the culprit was that caused the massive selloffs.

Was it Europ banks needing liquidity?  Was it a hedge fund needing to pay investors, or, was it Sovereign states selling off their central bank holdings?

None of the above.  No, the answer was once again the manipulated CME, who once again raised margin limits in another desperate attempt to halt the flow of dollars into metals, and to try to save the unsavable greenback.

And there you have it: CME just hiked gold margins by 21%, silver by 16% and copper by 18%. Mystery solved. - Zerohedge

So for those who didnt panic during the last CME manipulation, refrain from doing so this time.  The price will slowly make its way back up in a short period of time.

Candidate Rick Perry sticks to his guns in supporting illegals

In the Republican presidential debate from September 22nd, Texas Governor Rick Perry chose to speak his mind, which in this case, speaks to his actual history, and said, ""I Don't Think You Have a Heart" If You Oppose In-State Tuition for Children of Illegal Immigrants.

Alas, once again the G Bush Jr clone chooses foreign born workers over the needs of actual American citizens.

During Thursday night's Republican presidential debate, Mitt Romney, Michele Bachmann, Newt Gingrich, and Rick Santorum all took shots at Rick Perry's record on illegal immigration. Bachmann said that Texas's law allowing in-state tuition for the children of illegal immigrants acted like a "magnet" for illegal immigrants. Perry's response was forceful and personal. "I don't think you have a heart," Perry told his critics.
 "If you say that we should not educate children who come into our state for no other reason than that they've been brought their through no fault of their own, I don't think you have a heart," Perry said. "We need to be educating these children because they will become a drag on our society. I think that's what Texans wanted to do. Out of 181 members of the Texas legislature when this issue came up [there were] only four dissenting votes. This was a state issue. Texas voted on it. And I still support it today." – The Weekly Standard

So much for believing Perry is a fiscal conservative.

Caption Contest - September 23rd

In lieu of yesterdays nearly 400 point drop on the dow, we felt it applicable to bring back that wonderful 'hope and change' construct known as the Titanic to demonstrate the difference between Wall Street analysts, investors, and those who actually see reality.

Give us your best caption.  The picture is courtesy of partyusa.com

Media bias against Ron Paul continues as Fox News pulls down poll from debate

Yesterday while listening to Sean Hannity, the RINO talking head from Fox News spoke with Dick Morris about the upcoming Republican debate on September 22nd in Orlando, Florida.  Throughout the entire segment, both men spoke only of three candidates, and Ron Paul was not mentioned a single time.

Interesting, since Congressman Paul clearly won the debate in the eyes of Fox News viewers, which led to the 'fair and balanced' new organization to take down their poll after the results were clearly in the camp of the man whom Rinos are scared to death of in the primaries.

Click here to go to page with Fox News debate poll.  (as you can see, the page has been taken down)

However, before the page was taken down, you can see a glimpse of the poll results courtesy of prisonplanet.com.

Wednesday, September 21, 2011

Rumors beginning to swirl of Meg Whitman taking over at HP

With the rumors fresh off the press of HP getting ready to dump their CEO, Leo Apotheker, replacements are also coming in hot and heavy, and one name zooming to the top of the list is former Ebay CEO, Meg Whitman.

HP has endured scandal after scandal. Now, it is being suggested that Leo Apotheker may be out and new board member Meg Whitman may become CEO. Would that be the right move for the tech giant right now? - Fortune via CNN Money
If she does take over HP, it confirms something I wrote in my other blog... an industry that simply recycles fired ceo's.

Caption Contest #2 for September 21st

We here at The Daily Economist found a picture that was just too good for words... so we need your help.

(Photo Credit: Allan Tannenbaum-Pool/Getty Images)
A VERY worthy caption for the Narcissist in Chief was given out on the Tree of Liberty board.

The photographer tried to get everyone to smile by asking, "Who wants Obama re-elected?"

Ooooh No! Operation Twist is in play... LOOK OUT BELOW!


30 yr



10 yr

As  Zerohedge pointed out on this... goodbye, Bank of America.

Caption Contest - September 21st

With these guys at the helm, the only question to ask is....  Whats REMAINING in your wallet?

Tis the season to sack CEO's... fa la la la la, la la la la

Tech companies seem to be in desperate straights to boost their stock up just before the September/October season of mutual fund reports.  Since corporations are lacking fundamentals, the next best thing is to sack the CEO, blame him/her for the problem, and then pretend its time for the dreaded 'reorganization', which is simply a silly show for Wall Street, but accomplishes little.

Rumors are abound that Hewlett-Packard is ready to cast their leader to the wind, which follows the recent purge of Yahoo's head victim.

No worries though... like most sacked CEO's, they will quickly find themselves hired by another Fortune 500 company simply because in America, titles are more important than ability.

When all else fails, scapegoat, which in corporate America means fire your CEO. According to a headline from Bloomberg right now, HPQ (and soon many other companies) will follow Yahoo in dumping its CEO, Leo Apotheker. The result: a surge in the stock. Our question: will Leo draft his "WTF" letter from an iPad as well? Expect the Netflix board to "spin off" its CEO next. - Zerohedge

Tuesday, September 20, 2011

Ron Paul Phone from Home Campaign

Who needs the lamestream media when you can join the grassroots movement to help Ron Paul get elected!

Check out the video for the Ron Paul Phone from Home Campaign, and sign up on the weblink if you want to volunteer from the comforts of that big lazy-boy.




Ron Paul 2012 volunteer to Help

Colorado school places Islamic Flag above the US flag (all bow to Mecca)

Schools... those lovely institutions that have taken over childcare and programming from the parents as Bernakes inflation forces families to work, work, and work some more to pay for Obama's new tax scheme.

Well, for all you tired parents who trust in government to protect your freedoms and prepare your children  for the future, don't be surprised when your kinds come home one day and demand a prayer rug to sing the praises to Allah.


The picture, first published on the blog www.greeleyreport.com and was attributed to a reader, shows the American flag at Bauder Elementary School in Ft. Collins lowered while the Saudi Arabian flag was elevated.

The display is a violation of Public Law 94-344 of the Federal Flag Law which states “No other flag or pennant should be placed above, or, if on same level, to the right of the flag of the United States of America,…No person shall display the flag of the United Nations or any other national or international flag equal, above, or in a position of superior prominence or honor to, or in place of, the United States at any place within the United States or any territory or possession thereof:…”


Its 2011, and do you know where your country is?

The point of no return: US debt and borrowing since 2008

There have been many events and eras in American history where borrowing by the government was necessary to facilitate resolving an economic crisis, or to pay for necessary wars.  However, in every case but the current one, once the crisis was over, debt and borrowing ceased.

Thanks to inflation created by the FED since the 1980's, and the crisis of 2008 however, American no longer has the ability or the will to turn off the debt spigots, and as seen by this chart, we have crossed over the point of no return.

Thanks NAFTA (1994).  Your purpose in sucking the wealth of America out the door is almost complete.

For someone the neocons consider anti-war, Ron Paul is getting most donations from servicemen

A new report shows that from US servicemen, Ron Paul is getting the most donations over all other Presidential candidates.

Maybe for once the neocons and warmongers should listen to the men and women who actually put their lives on the line.
Despite the mainstream media’s intentional disregard of Rep. Ron Paul as a top-tier Republican presidential candidate, widespread evidence of his popularity is apparent. On Saturday, the Texas Congressman won a landslide victory in the California Republican Party straw poll, a feat which continues to be ignored by the media. Likewise, military donation receipts for Republican candidates for the second quarter of this year reveal that Paul has received twice as much money from military members as all other GOP presidential candidates combined. – New American

Monday, September 19, 2011

Ooops! Marketwire makes mistake calling for every car ever created to be recalled

In a title flub in a press release today my marketwire via marketwatch, it appears the panic is on to recall every single car every built, along with perhaps every single car that every will be created in the next 100,000 years.

Not to worry... chances are quite slim that your vehicle is one of the 700 trillion on the road today that may have issues requiring a recall.

Fastest growing job sector in America? Facebook apps!

While the U.S. jobs picture lis generally bleak, the proliferation of Facebook and mobile technology applications has spawned an entirely new industry dubbed the "App Economy", that has added at least 182,000 new jobs and contributed more than $12.19 billion in wages and benefits to the U.S. economy this year, according to new research from the University of Maryland's Robert H. Smith School of Business. Using more aggressive estimates, the Facebook App Economy created a total of 235,644 jobs, adding a value of $15.71 billion to the economy.


read more at this link:  Maryland Education Headlines Examiner

Ron Paul - the 21st century Old Man and the Sea

When Ernest Hemmingway wrote his epic novel, the Old Man and the Sea, could anyone picture then that Congressman Ron Paul would represent the lone fisherman who strives to catch the great marlin while sharks surround him and his boat to steal his prize.

Ron Paul is a perfect representation of the old man, who battles with Quixotic ferver, for a prize that is just out of his grasp, but everyone on Wall Street and in Washington doesnt want him to win.  In the end of course, it doesn't matter since the prize was not won, but the satisfaction of fighting for it with all his power and might in a waning struggle during his twilight years makes it easier to retire knowing his did not give in, and it wasn't due to his failure that the prize was not achieved.

Fortunately... Ron Paul's story is still being written, and the ending has not yet been determined.

An entire breakdown of this analogy can be found by Jim Quinn at the Burning Platform.

Alice in Wonderland - a prelude to American Statism

To most Americans, political novels from the 19th and early 20th century seem to be simply fairy tales, and are overlooked for their poignant lessons on the political, social, and economic events.  The Wizard of Oz was ripe with commentary and symbolism describing the plight of 19th century America, and the fight between the farmers who wanted a silver standard, and the banking elites who fought for gold.

Likewise, most people do not understand the relevance of Alice in Wonderland, and its same commentary and symbolism to what is actually taking place in America today... the creation of the statist government.

Here is some of that commentary as brought by Robert Hall of the American Thinker, in a piece from September 17th.

'When I use a word,' Humpty Dumpty said, in rather a scornful tone, 'it means just what I choose it to mean - neither more nor less.'
- Lewis Carroll, Through the Looking Glass.

Humpty was a Statist, calling on all the King's horses and all the King's men -- taxpayer-funded, of course -- to repair his fecklessness.
The Statist Dictionary -

Civility in Discourse. No one may speak harshly of a Statist. Statists may, however, call their critics terrorists, racists, homophobes, sexists, Islamophobes, hostage-takers, or "son of a bitches" who must be "taken out." Since Statists are, by definition, morally superior to you, they may say any nasty thing about you without being uncivil. You may not reply.

Code Word. Any disagreement with a Statist policy, position, or person is a Code Word for something evil like racism, sexism, homophobia, Islamophobia, or bitter-God-and-gun-clinger.

Corporate Jets. Evil symbol of corporate greed -- never mind that subsidies for them were in the Obama stimulus bill. If you build, service, or fly Corporate Jets, your job is in the Statists' class-envy crosshairs.

Democrat. A person who opposes those foundations of democracy such as the secret ballot or measures to eliminate fraudulent voting.

Dissent. The highest form of patriotism, when a Statist speaks out against fiscal responsibility or limited government. See Terrorist for when someone speaks out against Statist positions.

Economic Stimulus. Money borrowed from your grandkids to reward public employees and other interest groups for supporting Statists.

Everyone must chip in. In this case, Everyone means the 5% of the people who already pay 60% of the federal income taxes, who must chip in even more to allow the Statists to buy more votes from the 47% of the public who pay no federal income taxes. Be glad if you are not included in Everyone, as they will be a target for pocket-picking, class warfare, envy, and scapegoating throughout the campaign.

Hate Crime. Any act of violence, intimidation, or criticism against a member of a Statist-designated PC group, such as Muslims, gays, women, Hispanics, or blacks. Violent crimes against whites, Asians, or Jews, based on their ethnic background, are just crimes. Maybe.
the rest of the terms and definitions can be found at Robert Hall's article.

Obama speaks live on jobs and new millionaire taxes

You can tune in live here to watch President Obama speak from the White House on the new Buffett tax on millionaires.

Oh, by the way.... market is currently down 230 points.

http://www.zerohedge.com/news/watch-live-obama-shares-his-vision-balanced-approach-reducing-our-deficit

Friday, September 16, 2011

Daily caption contest - Sep 16th

Here at The Daily Economist were going to begin a segment of Daily Captions.  For the picture, feel free to post what you think a good title for it should be.

Please refrain from TOO vulgar a response, and if you use curse words, please annotate them using symbols.

You know that a scandal has hit primetime when you get exposed on the Daily Show

A scandal is not officially a scandal until it has been sliced and diced with a ginsu knife by Jon Stewart on the Daily Show.

We can now say Obama's connection and corruption with Solyndra, and other green job wastes is officially in play.

http://www.thedailyshow.com/watch/thu-september-15-2011/that-custom-tailored-obama-scandal-you-ordered-is-finally-here

Thursday, September 15, 2011

"If you love, youve got to help me pass this bill!" - Barack Obama

If there has EVER been a President (and a narcissist), who sought to make himself the messiah to the people, that idea was completely validated when he stood before an audience wallowing in their idol worship, and responded to them in kind.

"If you love, youve got to help me pass this bill!"

You can see the unfathomable portion of his stump speech via Real Clear Politics from CNN.

Start building the statue now America... those low SAT scores have proven their worth.

Who reads what newspapers and why...

Here is a humorous look at who reads what newspapers, and why.  I threw in number 14 just for the heck of it.

1.       The Wall Street Journal is read by the people who run the country.
2.       2. The Washington Post is read by people who think they run the country.
3.       The New York Times is read by people who think they should run the country and who are very good at crossword puzzles.
4.       USA Today is read by people who think they ought to run the country but don't really understand The New York Times. They do, however, like their statistics shown in pie charts.
5.       The Los Angeles Times is read by people who wouldn't mind running the country, if they could find the time--and if they didn't have to leave Southern California to do it.
6.       The Boston Globe is read by people whose parents used to run the country and did a poor job of it, thank you very much.
7.       The New York Daily News is read by people who aren't too sure who's running the country and don't really care as long as they can get a seat on the train.
8.       The New York Post is read by people who don't care who is running the country as long as they do something really scandalous, preferably while intoxicated.
9.       The Miami Herald is read by people who are running another country but need the baseball scores.
10.   The San Francisco Chronicle is read by people who aren't sure if there is a country or that anyone is running it; but if so, they oppose all that they stand for. There are occasional exceptions if the leaders are handicapped, minority, feminist, atheist dwarfs who also happen to be illegal aliens from any other country or galaxy, provided of course, that they are not Republicans.
11.   The Christian Science Monitor is read by people who could run the country if they didnt have better things to do.
12.   The National Enquirer is read by people trapped in line at the grocery store.
13.   The Seattle Times is read by people who have recently caught a fish and need something to wrap it in.
14.    The Examiner.com is read by people who want to hear fresh ideas from those who weren’t programmed in the journalist schools of major universities.

Wednesday, September 14, 2011

Thank god for the teachers unions and MORE money!


Chart courtesy of John Lohman via Zerohedge

Do we really need to say any more about America's education system?  Or perhaps, the solution is simple.... make education into a reality show on television.

Conjugating with the Stars!

The Progressives in Congress are losing it... 'your money is not your own'

Alas, once a programmed communist, always a programmed communist... all it takes is putting a little stress on a controlled Congressperson, and they quickly lose the facade and spill out their innner-most secrets of what they beleive.

Take Illinois Congresswoman Jan Schakowsky for example.  Someone who was groomed under the same system as President Obama, and ruled under the Daley oligarchy for decades.  In a radio show recently, she was asked a hypothetical question of how much of someones earned money should they be allowed to keep.

This was her response:


Each according to their abilities, each according to their needs.
Remember that the next time you see the Congresswomen slurping Grey Goose with Pelosi and being recommended by progressives for the Super Congress to deal with taxation and the deficit.

Toward the end of a wide-ranging interview, the hosts played a clip from this week’s Republican Presidential Debate where California teenager Tyler Hinsley asked, “Of every dollar that I earn, how much do you think I deserve to keep?” Co-host Don Wade asked Schakowsky to answer the same question.
After some initial back-and-forth, she replied, “I’ll put it this way, you don’t deserve to keep all of it. It’s not a question of deserving, because what government is, is those things that we decide to do together.” - weaslzippers

It looks like President Obama never met a tax he didnt like... even from charities

House Majority Leader Eric Cantor reported that one of the measures in Obama's new 'PASS THE BILL' jobs plan is to tax charities 40%, including soup kitchens.

Here I thought it was only the Republicans who wanted to take away lunches from children, and make the elderly eat cat food.

FYI –
Yesterday, it was announced that an astounding 1 in 6 Americans are living in poverty. President Obama's response? To demand a tax on donations to soup kitchens and other charities that help people desperately in need. The President's proposal will impact approximately 40% of all the tax deductible contributions, and essentially penalize soup kitchens, hospitals, and churches that provide essential services to those who need them most. It’s no wonder this tax hike has been rejected on both sides of the aisle. – Eric Cantor blog

I guess anything is possible when you can eat Wagyu beef at the White House, and have the first lady metaphorically tell the public, "let them eat cake".  Alas, even FDR wasnt so bold in the 1930's to tax soup kitchens during the depression.

Even lawyers sometimes prostitute themselves outside the courtroom

Ahh yes... Student Loans.  That one place that President Obama places as the 'new' job paradigm.  Dont have a job?  Go back to school!  We have free (well, sort of free) money and COOKIES!

Didnt work so well however for an aspiring lawyer out of work, inundated by student loans 10 years after graduation, and now relegated to making coin by one of the oldest professions on earth.

No, not that one... but instead, TOPLESS DANCING!

When Carla graduated 10 years ago, she thought her law degree would be a permanent ticket to a high-paying job.  But instead of selling her mind, Carla is selling her body. After student loans, debt, a layoff and unemployment battered her bank account, she now finds herself in an almost unbelievable position – dancing in a topless bar.
"Did I ever think I’d be taking my top off for rent money? No. I was in my mid-30s and had never danced before," said Carla, who asked that we use her stage name and withhold her identity and some personal details. "As a little girl, I never thought to myself, 'I just want to grow up and be a stripper,’ or, ‘All I ever wanted to do in life is climb in the lap of sweaty stranger and take my top off.' – Red Tape, MSNBC
Ahh well.... here's lookin at you kid.... I mean REALLY looking at you.  0.0

Hope you get lots of dollars there for providing a better service to mankind than the rest of your primary vocation (lawyer).  Dont forget about President Obama each time you mail in 40 hours worth of student loan payments at the cost of your self-esteem.

Nearing the end of the Social Security ponzi scheme

A ponzi scheme is where a program or con must depend upon future contributions to pay those who contributed earlier in the game.  ie... because the US government spent over $3 trillion from the Social Security trust fund in the past 4 decades, the only way it survives is by taxing todays generation of workers.

A new report by the Census Bureau however, shows that the jig is almost up as the amount of people working comes out to a ratio of 1.75:1 for every recipient of government largesse.

There were only 1.75 full-time private-sector workers in the United States last year for each person receiving benefits from Social Security, according to data from the Bureau of Labor Statistics and the Social Security board of trustees.
 That means that for each husband and wife who worked full-time in the private sector last year there was a Social Security recipient somewhere in the country taking benefits from the federal government. – The Patriot Update
So soup for you!
We can all thank the Baby Boomers who proudly voted in scoundrels to propagate the never ending growth of the welfare system.  Now however, as they retire, the younger generations may seek to exact their revenge in a soon to be economic class war.

Tuesday, September 13, 2011

The clothes have no markets

Watch and learn the truth of the stock markets my brothers and sisters, for the last two days of trading have proven one thing...

The desperation to hold the line is thick with fear.

On Monday, the markets were looking to close in the red when SUDDENLY, a rumor (that was later deemed false), said that China was coming to save the day and bail out Greece (Euro).

Well, it is the final hour of trading today, and LO AND BEHOLD, a rumor begins that Russia and Brazil are joining in to help save Europe.

Funny, because this rumor came almost immediately after a Brazillian Finance Minister said this:
"Euro is less important in Brazil international reserves", and "Brazil seeks reserve currencies with solid fiscal positions",
oops.... well, it appears once again that trying to sell investors on fundamentals is worthless, and they are left with dropping rumors to save a market ready to head to the downside.

Monday, September 12, 2011

Why does Greece matter to the US markets?

Yesterday, I spoke on the Angel Clark radio show out of Delmarva, Delaware, and one question she asked was very pertinent to the direction our economy will take, dependent upon the resolution.

How does Greece affect the United States?

Here is a picture of the amount of Greek debt owned by US, and other European Banks, and the repurcussions that a default by the decendants of Sparta, Thebes, and Athens would create.


You will notice that the US holds more bank debt than sovereign debt, and not only would they take the losses from a Greek default, but it would trigger more losses as other Euro banks default themselves for their holdings.

Alas, the American public is finally seeking to look at the men behind the curtain

On one of the first days of the convening of the unconstitutional Super Congress to discuss ways to cut spending and delight in finding new taxes to push on unemployed Americans, a wave of protests outside the chamber bring discussions to a halt, with what sounds like people chanting JOBS NOW.

Whether Obama's farse of a job stimulus bill comes to fruition is moot at this point, because Americans are starting to say enough is enough on the pageantry that is our government representation.

Wednesday, September 7, 2011

Ron Paul speaks on Liberty, Freedom, and the Economy at Palmetto Freedom Forum

On September 5th, Congressman and Presidential candidate Ron Paul spoke on Liberty, American values, and economic freedoms at the Palmetto Freedom Forum.

Take a look at the speech below.

Friday, September 2, 2011

Rick Santelli vs CNBC insane clown posse

Rick Santelli once again shows himself to be the only sane person at Jeffrey Imelt's Obama News Network (CNBC).  As the banking industry comes crashing down, and the US debt levels once again have reached the Debt Ceiling limits, CNBC reporters go into apoplexy to try and defend the massive US debt.

http://video.cnbc.com/gallery/?video=3000043439