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, December 27, 2012

Fiscal Cliff taxes in 2013 could affect 400000 jobs in one sector alone

The idiocy of taxation is that companies rarely pay for government legislation that seeks to grab more money from the productive parts of society.  This truth regarding new, old, or inane taxes may have no greater example than the 400000 jobs in the medical instrument industry, that could potentiall be lost of the fiscal cliff is not dealt with before the start of 2013.



Forbes cites a Manhattan Institute report that claims the excuse tax could cut as many as 43,000 jobs in the coming years, translating to a savings of roughly $3.5 billion.

"I want to repeal the medical device tax altogether,” Sen. Al Franken (D-Minnesota) said earlier this month, adding that time was running around without a fix before the bill’s “job-killing” tax takes its toll.

“For now, the best thing to do to ensure that this important industry continues to create jobs and producing life-saving devices is to delay this unwise tax," the senator said in a statement. “The medical device industry creates tens of thousands of good paying jobs in Minnesota and 400,000 nationwide. We should do everything we can to protect it."  - Russia Today

Thus, the continuing answer to failed fiscal policies and the move towards total marxism by Congress and the Obama administration is simply stealing more money from the productive people in America, and providing little or no value for their tax dollars.

Thursday, December 20, 2012

College income study shows education won't assure you a future of success

Proponents of education have quite often used the propaganda that higher learned not only is a vital necessity to succeed in today's world, but is the equalizer against poverty and social economic environments.  That fallacy may be coming to an end as a new study is showing that those who begin at lower levels of household income stand to earn far less for the same college Degree than those in a much higher bracket.

Meaning... in the real world, success is not measured by education and drive, but on money and the connections that come from it.


What does the above chart imply? Nothing more than that for the vast majority of people, college degrees are the modern-day equivalent of very, very expensive snake oil.

Yes: colleges are sold to you as the critical stepping stone on the path to wealth and prosperity, but sadly the empirical evidence demonstrates that when it comes to an actual, demonstrable income effect, only the wealthiest people actually benefit from a degree! The lowest fifth of household by income see their change in income decline by 10%, while the middle fifth sees an incremental 2.1% drop. Where do incomes rise? When you are already wealthy and belong to the highest fifth of households by income: there, going to college boosts your income by an additional 15.1%

And since for the great majority (excluding the richest of course), a college education is funded by even more implied poverty, i.e. debt, which is merely the opportunity cost of future income and wealth, the simply math works out as follows: college - a tool for making the rich richer, the poor poorer, and virtually everyone (excluding the richest, again, of course) a debt slave into a system that beguiles impressionable youths with dreams of money and power, and cheap low interest private and Federal student loans, only for the illusion to shatter upon graduation and all those wonderful jobs demanding a piece of paper procured in exchange for 4 years of debt-funded classes, turn out to have been a mirage all along...

In short: the only hope for a great many people is nothing but a debt trap. - Zerohedge

For a large portion of the wealthy in the world, education had little to do with their prosperity and success.  Bill Gates was a college dropout, and Sam Walton relied upon loans from his Father-in-law to build his first few retail stores.  In truth, luck, risk, and hard work achieves far more than a college Degree, and validates that in an open playing field, not all have the intestinal fortitude to be an entrepreneur because of the qualities necessary to achieve great success.

Monday, December 17, 2012

Gas prices drop below $3 per gallon in areas across the country

With the appearance of deflation entering into the U.S. economy, gas prices in a number of areas around the country are falling below $3 per gallon on Dec. 17.  From Tucson, Arizona, to Memphis, Tennessee, gas prices are nearing $2.80, with state averages holding steady at $3.10.


Tucson:

Sam's Club
4701 N Stone Ave near E River Rd - $2.82

ARCO
2790 W Ruthrauff Rd & N Davis Ave - $2.83

Hanson's
6295 E 22nd St & S Wilmot Rd - $2.83

Memphis:

Mapco
3161 S 3rd St & E Brooks Rd - $2.82

BP
3441 S 3rd St & E Mitchell Rd - $2.82

Pilot
5021 Lamar Ave & Pleasant Run Rd - $2.85

You can find out best locations and lowest prices in your state and area by going to Gasbuddy.

Tuesday, December 11, 2012

Comparing the fiscal cliff of the 1930's to today

The fiscal cliff that American is experiencing today is not he first time this type of financial disaster has faced the country.  In the 1930's, the threat to the dollar, to the economy, and to the budget were just as harsh, and was created for many of the same reasons.

The Federal Reserves inept control over the money supply, and massive bubbles created by debt.



Professor Steve Keen of Debt Deflation.com has put together a video showing the parallels and comparisons between the fiscal cliff of the Depression era, and the fiscal cliff of 2012.

Here is his presentation before Congress on Dec. 5.


Economist suggests scheme to pay off national debt with a few platinum coins

Welcome to a world where no one, including the government, is willing to pay off debts they incur.  As talks on the fiscal cliff stall once again on Dec. 11, an intriguing suggestion has been made by a university economist to pay off the $16.4 trillion national debt using a loophole scheme involving platinum coins.




Enter the platinum coins. Under current law, the Treasury is technically allowed to mint as many coins made of platinum as it wants and can assign them whatever value it pleases.

Under this scenario, the U.S. Mint would make a pair of trillion-dollar platinum coins. The president orders the coins to be deposited at the Federal Reserve. The Fed moves this money into Treasury’s accounts. And just like that, Treasury suddenly has an extra $2 trillion to pay off its obligations for the next two years — without needing to issue new debt. The ceiling is no longer an issue.

“I like it," said Joseph Gagnon of the Peterson Institute for International Economics. “There’s nothing that’s obviously economically problematic about it."

In theory, this is much like having the central bank print money. But, Gagnon said, the U.S. government would simply be using the money to keep spending at existing levels, so it would not create any extra inflation. And if it did cause problems, the Fed could always counteract the effects by winding down some of its other programs to inject money into the economy.

Is the platinum coin option really legal? Apparently so. - The Bulletin

What this would mean of course, is that the government would mint say 17 platinum ounce coins, giving them the denomination value of $1 trillion apiece.  Then, not only would they print the equivalent cash in a 'sale' of the coins, but after paying off the national debt, and debt owed to foreign and Fed creditors, they would have an additional $600 billion surplus, where Obama can sing to the world the lie that he not only balanced the budget, paid off the debt, but in fact, created a surplus.

We at The Daily Economist figure the Dow would open at 20,000, and Jim Cramer would hail it as the greatest financial move in history... like he did with Bear Stearns.

Friday, December 7, 2012

Demonocracy shows just how high $16 trillion will go

When most people try to picture a trillion of anything, it usually conjures up the distance between stars or galaxies.  But to the U.S. government, and our ever increasing national debt, trillions of dollars no longer phase legislators as the budget moves towards $4 trillion per year, and the national debt climbs to over $16 trillion.


Demonocracy has put together a very poignant video on just how much and high high $16 trillion would look if stacked on pallets, and raised to the sky.


Wednesday, December 5, 2012

The top 10 states not to invest money in

Back in November, Forbes magazine did a study of the top 10 (11) states which investors should not invest money, or build a new business in, and that have welfare rolls so vast, they have more takers than earners to provide for the system.

Below is the list in order of best of the worst, to cash out now.



Number 11 - Ohio Taker ratio: 1.00The battleground state has a fiscal standoff between takers (people collecting welfare, a government salary or a government pension) and makers (private sector employees).

Number 10 - Hawaii Taker ratio: 1.02Dark clouds over Waikiki Beach: Hawaii has slightly more takers than makers.

Number 9 - Illinois Taker ratio: 1.03Dubious ex-gov Rod Blagojevich personifies what's wrong with this state: Too many goodies promised to insiders. Unfunded pensions contribute to the balance of 103 takers to every 100 makers.

Number 8 - Kentucky Taker ratio:1.05Twilight in Lexington. People drawing from government slightly outnumber people chipping in with private-sector jobs.

Number 7 - South Carolina Taker ratio:1.06Riptides on Folly Beach.

Number 6 - New York Taker ratio: 1.07Blackout in the Flatiron district after the hurricane. Manhattan still has a vibrant financial sector. Manufacturing there is extinguished. Causes: taxes, unions, regulations and cheap apparel workers abroad.

Number 5 - Maine Taker ratio: 1.07

Casco Bay, Portland. This is a state with a beautiful coastline and a ratio of 107 drawers from the public fisc to every 100 contributors.

Number 4 - Alabama Taker ratio: 1.10

Cityscape seen from the Vulcan statue in Birmingham.

Number 3 - California Taker ratio: 1.39

California is generous to a fault, at least to state employees and the needy. To private sector employees, who are outnumbered, it is not so hospitable.

Number 2 - Mississippi Taker ratio: 1.49

Flooding near Tunica in May 2011. The state ranks second to worst on the list of states burdened by a high ratio of takers (welfare recipients and state employees) to makers (private sector workers).

And The Worst State to live in or lend to is...

Number 1 - New Mexico Taker ratio: 1.53

Wildfire near the Los Alamos Laboratory in June 2011. In our taker/maker ratio, federal employees are excluded from the taker count since their cost is not borne locally. That doesn't save this state from having the worst ratio in the nation.

Economic reality in Italy: Buy groceries, earn lottery ticket to win a job

Recently, two Americans split the largest lottery jackpot in history when the numbers came up golden on a $500 million pot.  However in Italy, where unemployment rates are over 11% of the population and growing more than .3 per month, a new lottery opportunity is being introduced, where grocery shoppers will have the chance to win the illustrious prize of...

a part time job as an assistant grocer.


For the unemployed in Italy, new possibilities, to get a job. A supermarket chain is giving away jobs to their customers. The premise: you have to buy for more than 30 euros, then you get a lottery ticket, which entitled to participate in the Sweepstakes. Winners of the lottery, a temporary job part time job as an assistant waiting in the supermarket.

"Our contest is open to people of all ages and backgrounds," said Alessandra Aloisi, HR Manager of Gruppo BSE, Bloomberg. The chain of one-time supermarkets in Rome sells lottery tickets, which are very well received by customers. "Some participants are even question whether the profits they may possibly pass on to a friend or relative," Aloisi Sun -

So enjoy the lottery frenzy while you can America, as it may not be too longer before the gambling concept turns into job creation for the government, states, and the U.S. economy.

Friday, November 30, 2012

President Obama and Congress discuss tax measure that would kill housing recovery

With the lack of fortutude by both Congress and the President to address their fiscal households over the past four years, the standard paradigm of wait until the last minute and legislate some draconian budget that will accomplish little, and hurt the majority of Americans, is staring them in the face.  With the proverbial 'fiscal cliff' just one month away from dropoff, the low IQ men and women who represent 310 Americans are putting tax cut issues on the table that would devastate not only the housing recovery, but nearly every homeowner in the country.

On Nov. 29, Congress and the White House began looking at the removal of the mortgage interest deduction for taxpayers who own a home, and believe it could be a low impact measure to save revenues towards cutting the deficit.



Of all the deductions woven into the sprawling U.S. tax code, few have been more fiercely guarded than the enormous tax break that lets homeowners deduct the interest they pay on their mortgages.

But as Congress and the White House negotiate the first major rewrite of tax laws in decades, changing the generations-old mortgage-interest deduction — which costs the government roughly $100 billion a year — has gone from far-off possibility to part of the conversation. - Washington Post

Congress passed the home mortgage interest deduction as a means to help Americans buy affordable housing, and create jobs and economic growth through construction and all the industries tied to home buying.  By removing this long standing deduction, not only would it add an average of $5000 to the tax burden of most homeowners, but it would take away a key selling point for realtors in offering home buying vs renting as an option.


Monday, November 26, 2012

Goldman Sachs has now completely taken over the Western world

It is official.  Goldman Sachs has now taken over dominion of the Western world.  On Nov. 27, Mark Carney, former head of the Bank of Canada, has officially taken over leadership of the Bank of England.  This now puts former Goldman Sachs employees in charge of most of the central banks in the Western economy, and in some cases, as heads of state for two European nations.


London is losing so much trust as the global financial center that Prime Minister David Cameron may need to consider an unprecedented choice for Bank of England governor: Mark Carney, the Canadian who polices the world’s financial system and has no ties to the bailouts or rigged markets tainting Labour and Conservative governments alike.

The 47-year-old Carney, who received his masters and PhD degrees from Oxford University, is no stranger to the City of London after working there with Goldman Sachs Group Inc. Now serving as governor of the Bank of Canada and the head of the Financial Stability Board, he is unscathed by the fallout from the 2008 financial crisis.

“Mark Carney is one of the brightest, most capable people I’ve ever met in global finance and central banking,” said Tim Adams, a former U.S. Treasury undersecretary who worked with Carney at Group of Seven meetings. “I’ve been around these circles a long time and he’s smart, politically savvy, a good manager and has an outstanding track record. It’s tough to find all those elements in a single person.” - Bloomberg via Zerohedge
With this appointment, Goldman Sachs former employees now control the US Treasury, the EBC, and the Bank of England.  Three of the four cornerstones of the Western economy and monetary system, and as seen in Greece and Italy, fully capable of appointing technocrats at any time to rule sovereign nations.

Friday, November 23, 2012

Darwin had Black Friday in mind when he created the theory of survival of the fittest

Black Friday is the annual day after Thanksgiving which rings in the holiday shopping season, and brings forth the mindless multitudes buying things they don't need.  This year, Black Friday sales resembled cattle feed lots, and Black Friday consumers resembled groups of zombies, identifying flat screens with grey matter.

To illustrate the point, the Daily Economist has two disturbing and entertaining items that are occurring this Friday, and provide a unique glimpse into the survival of the fittest mode that Darwin believes are species have.


Black Friday got off to a rowdy start at a San Antonio mall where police say one shopper pulled a gun on another who punched him in the face while they were waiting in line at a Sears store.

Police Sgt. Rob Carey tells the San Antonio Express-News a man rushed into the store when it opened Thursday night to get to the front of a line, started arguing with people and tried cutting in front of them.

One man who got punched pulled a gun and that scattered shoppers, including the impatient line-cutter who took cover behind a refrigerator. Then he fled.

Carey says the man with the gun had a permit to carry the weapon and isn't being charged with a crime. - NBC DFW

And from the offensive side of the ravaging animals, comes the wonderous, rarely seen footage of the human species in desperate need of a sale.




Where are Guns and Roses when we need them, playing in the store background as it drowns out Jingle Bells.

Wednesday, November 21, 2012

Welcome to the USA, now here is how to apply for welfare

The Department of Homeland Security is not just about protecting our borders, fighting terorrism inside the U.S., and sexually groping simple people who wish to fly from place to place.  No, the ever expanding Federal agency is now instituting a new program to teach illegal and lawfully applying aliens how to apply for welfare, and to get credentials to hide the existance inside America.


Welcome to USA.gov,” a website maintained by the Department of Homeland Security’s U.S. Citizenship and Immigration Services (USCIS), bills itself as the “primary gateway for new immigrants to find basic information on how to settle in the United States” — featuring a prominent section for new immigrants about how to access government benefits.

“Depending on your immigration status, length of time in the United States, and income, you may be eligible for some federal benefit programs,” the Web page reads.

“Government assistance programs can be critically important to the well-being of some immigrants and their families. - Daily Caller

During the 1920, President Calvin Coolidge said, "The buisness of America is business."  Today, in 2012, President Obama is telling the world, the business of America is welfare and socialism.

Sunday, November 18, 2012

Paycheck calculator to show how the fiscal cliff will affect you

With the Bush tax cuts ending on Dec 31, and a whole new array of taxes are ready to be imposed on the American people beginning on Jan 1, it is difficult to sift through the myriad of articles which try to explain how the fiscal cliff will affect you, if it remains without change by Congress and the White House.

However, there is a now a website that provides a new paycheck calculator that shows American just how much they pay now, and will expect to pay next year if all new taxes go into affect.  The fine programmers at Paycheck City have created a neat application and graph that will allow visitors to see the difference between their 2012 taxes, and those projected for 2013.

Simply click on this link, and select the normal amount of standard deductions your family or individual returns allow.

Fiscal Cliff Calculator and Chart


While Paycheck City does not guarantee the results from this generic calculator, it does allow someone to get a rough, general, ballpark estimate of how much more they will have to pay, starting in 2013 due to the increased taxes.

Thursday, November 15, 2012

Ten: The number of affordable states you could live in on Social Security

As the estimated 10,000 per day Baby Boomers begin retiring, and start accessing their Social Security accounts, the hard economic questions they must face come at them quickly.  The primary one of course, is can I afford to live off my benefits, and even more so, where can I afford to live.

A new infograph from Nov. 15 shows that Florida, Arizona, and all the warm weather climate states that have been the dream of many over the past few decades, are now priced out of their budgets due to inflation, taxation, and other monetary barriers.  In fact, on an average benefit income of $1130 per month, the number of states that fit this budgetary criteria is now limited to just 10.

And most are in the Midwest.



Montana, North Dakota, South Dakota, Nebraska, Kansas, Oklahoma, Arkansas, Iowa, Kentucky, and West Virginia round out the only true affordable places to live for retirees on a Social Security budget.

But of course, one can always look on the bright side.  These are the primary places that grow food in America, and if the feces hits the fan, at least you will be around other like minded individuals who have a more prudent standard of living, and have been doing so for decades.

New job loss report: To those who believed the White House, here's your sign

For the limited few out there who actually believed the September BLS report that showed the unemployment rate falling from 8.1% to 7.8%, all we at the Daily Economist have to say is, Here's your sign.

Primarily, the drop in unemployment just weeks before the election was so obvious, and so blatent, and so large, that every analyst with a modicum of respect knew that after Nov. 6, the revisions of those numbers would either pop the rate back over 8%, or quite discouragingly, move the numbers even higher than what it was.


Picture courtesy of Fox and Friends

The latest initial claims data posted a multi-year high 104,548 surge in weekly NSA claims from 361,800 to 466,348, and even the Seasonally adjusted number soaring from 361K to 439K on expectations of a 375K print. In other words, a complete disaster for any economic data bulls. What is truly amusing is that the same Wall Street "experts" who set expectations were unable to foresee the Sandy effect that every "macrotourist" on Twitter apparently is so very aware of. Also, it is apparently also "Sandy's fault" (now that the Bush excuse is back in retirement) that the prior week's claims were revised from 355K to 361K. Basically, just as we said 3 weeks ago, ignore every negative data point: - Zerohedge


Interestingly, these numbers come just before the onset of Black Friday, and the seasonal increase of temporary jobs leading into, and through Christmas.  What indications then should we expect from here, as to the retail sales for the 2012 holiday by businesses?

Not much.

Tuesday, November 13, 2012

If your college Degree can't land you a job, demand a refund

Refunds are a common practice for businesses who want to ensure customers return again and again to their places of business, but what is the recourse for an college student who receives a lifetime of propaganda that their college Degree ensures a lucrative career, and it doesn't actually pan out?

Demand a refund of course!

And this is just what one student has done on Nov. 12, by submitting a petititon to the Obama administration to offer college graduates, who owe massive student loan debts, the right to turn in their diplomas in exchange for a refund of their money.


We petition the obama administration to:

Provide University graduates ability to trade their diplomas back for 100% tuition refunds.

Because of the inability of recent college graduates to find gainful employment in order to repay their college debt, and since this college debt cannot be eliminated in bankruptcy, and most of the recent additions to the job market have been in service related industries, the Obama administration should take up the cause of reducing college debt and hold those accountable responsible.

In the name of Consumer Protection, recent college graduates should have the ability to return the diploma and not make any reference to receiving education from the college in exchange for a 100% refund of college tuition. This may be extended with a graduated (ha, get it?) reduction for the last four years, with a red line at January 20, 2008.

While a novel idea, and unique way to hop on the Obama welfare wagon like 53% of Americans have already done, it would probably be more prudent to simply sue the college professors and university where you got your Degree, for failing to teach you basic logic and economics in believing that borrowing $120,000 would guarantee you a chance at one of Obama's famous shovel ready burger flipper jobs.

I'll have some fries with that Mr. Liberal Arts Degree man.

Sunday, November 11, 2012

Reality strikes for food stamp numbers as data download continues after election

Most people with any financial sense knew the BLS data regarding the unemployment rate falling .03 in September was a lie, and sure enough, the data download of real economic indicators after the election bears this out.  Not only did Goldman Sachs immediately on Nov. 7 issue a warning that GDP for the 4th quarter would decline from 1.9 to 1.5%, but on Nov. 10, the Bureau of Labor Statistics (BLS) reported that food stamp applications for October were the highest in over a yea.


There was, however, another closely tracked number which perhaps is far more indicative of the economic "growth" in the past 4 years, which certainly had a delayed release. The number of course is that showing how many Americans are on foodstamps, and usually is released at the end of the month, or the first day or two of the next month. This time the USDA delayed its release nine days past the semi-official deadline, far past the election, and until Friday night to report August foodstamp data. One glance at the number reveals why: at 47.1 million, this was not only a new all time record, but the monthly increase of 420,947 from July was the biggest monthly increase in one year. - Zeroehedge

When you win an election through data manipulation, reporting bad numbers after the fact is in itself a strategy.  President Obama can use these numbers to force a new economic plan on the American people, while ensuring one third of the entire work force is bound to government reliance, and accordingly, political reliance.

Thursday, November 8, 2012

Marc Faber: Obama re-election will be a disaster for US; buy a machine gun

Economist Marc Faber of the famed Gloom, Boom, and Doom report, spoke with Bloomberg television on Nov. 7 regarding the just completed presidential elections. In the interview, Faber had some very stark assessments of what he believes is in store for the economy, and for America.  The well known economist stated that not only will the re-election of Barack Obama be bad for business, and a disaster for the U.S., but people should get a machine gun to protect what remaining assets they have.


“I am surprised with the reelection of Mr. Obama. The S&P is only down like 30 points. I would have thought that the market on his reelection should be down at least 50%...I think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama who basically doesn't care about piling up debt. You also have in the background Mr. Bernanke, who with artificially low interest rates enables the debt to essentially escalate endlessly.”

“They should buy themselves a machine gun…I need to buy a tank. Joking aside, look, we have manipulated markets. Whenever you manipulate markets, you will get unintended consequences. i think the reelection is unintended consequence of money printing, that favors the so- called 0.25%. It was easy for the Democrats to attack the wealthy fat cats of Wall Street, the elite, and the privileged people to portray them as a profiteer of the system, which to some extent, they are. Not because they wanted to but because Mr. Bernanke enabled them to be profiteers. We have a situation where you have today Mr. Obama, I doubt he will stay at the presidency for another four years. I think there will be so many scandals, but that’s another story.” - Marc Faber interview on Bloomberg, Nov. 7

Maybe this more than anything is why both Smith and Wesson, and Sturm Ruger stock was way up on Wesnesday, even though the markets fell more than 300 points.

Wednesday, November 7, 2012

How now down dow

Forward.  That is the new motto of the Obama administration.  Of course, forward slogans were the key rallying cry for Mao and other communist leaders, so the progressives in America appear more than happy to borrow it for their vision of the country.

However, it appears forward is not the rallying cry of the stock markets post-Obama re-election, as the Dow, S&P, and AAPL cry out in terror after breaking key levels.


DOW


S&P 500


2 Month Apple Chart

It seems like only last night everyone was celebrating more hope, if not much change. Now comes the hangover. The Dow Jones intraday drop is now 2.23% (and rising), greater than the biggest drop so far in 2012 record on June 1. The last time the market plunged as much: literally one year ago, or November 9, 2011. Sadly, it appears that one can't have their Dow Jones Industrial Average and redistribute it too. - Zerohedge

Forward!  To infinity and Beyond! That appears to be the no-win mantra of Fed Charman Bernanke and the hope and change of those who still own paper in the Wall Street casino.

Tuesday, November 6, 2012

Jesus and the Democrat (Humor)

A Republican, in a wheelchair, entered a restaurant one afternoon and asked the waitress for a cup of coffee. The Republican looked across the restaurant and asked, "Is that Jesus sitting over there?"  The waitress nodded "yes," so the Republican requested that she give Jesus a cup of coffee, on him.

The next patron to come in was a Libertarian, with a hunched back. He shuffled over to a booth, painfully sat down, and asked the waitress for a cup of hot tea. He also glanced across the restaurant and asked, "Is that Jesus, over there?"

The waitress nodded, so the Libertarian asked her to give Jesus a cup of hot tea, "My treat."


The third patron to come into the restaurant was a Democrat on crutches. He hobbled over to a booth, sat down, and hollered, "Hey there honey! How's about getting me a cold mug of Miller Light?" He too looked across the restaurant and asked, "Isn't that God's boy over there?"

The waitress nodded, so the Democrat directed her to give Jesus a cold beer. "On my bill," he said loudly.

As Jesus got up to leave, he passed by the Republican, touched him, and said, "For your kindness, you are healed." The Republican felt the strength come back into his legs, got up, and danced a jig out the door.

Jesus passed by the Libertarian, touched him, and said, "For your kindness, you are healed." The Libertarian felt his back straightening up, and he raised his hands, praised the Lord, and did a series of back flips out the door.

Then, Jesus walked towards the Democrat, just smiling.

The Democrat jumped up and yelled, "Don't touch me ... I'm on disability."

Monday, November 5, 2012

Tens of thousands of New Yorkers homeless as winter storms approach

Just as Napolean and Hitler learned the hard way that you do not attack Russia in late summer or fall, so too is New York, New Jersey, and many other East Coast states in the wake of hurricane Sandy learning that dealing with reconstruction on the precipice of winter is a harrowing experience.  This is what Governor Cuomo and tens of thousands in New York City are realizing when a new report from Nov. 5 shows that being homeless when winter storms are coming to your city, is the catalyst for intense misery.


First the flood, now the freeze (and the lack of fuel and gas and heating just making it much worse). And for tens of thousands of residents of New York and New Jersey this means that as many as 40,000 will need to find alternative housing, especially ahead of Wednesday when a Nor'easter formation is expected to hit the Tristate area and bring even more freezing rain and cold to the region. From Reuters: "Tens of thousands of people affected by superstorm Sandy could soon need housing as cold weather descends on the state of New York, Governor Andrew Cuomo said on Sunday. Cuomo, in a televised press conference nearly a week after the storm hit the U.S. East Coast, said the fuel shortages are improving but problems will persist for "a number of days."" Elsewhere, and also from Reuters: "Victims of superstorm Sandy on the U.S. East Coast struggled against the cold early on Sunday amid fuel shortages and power outages even as officials fretted about getting voters displaced by the storm to polling stations for Tuesday's presidential election. Overnight, near-freezing temperatures gripped the U.S. northeast. At least two more victims were found in New Jersey, one dead of hypothermia, as the overall death toll from one of worst storms in U.S. history climbed to at least 112. - Zerohedge

Unfortunately, New York is one of the last places where people are willing to open their doors to strangers, and where strangers are just as likely to steal from you during a crisis.  Besides the massive reports of looting in the aftermath of the hurricane, even waitng for hours in a line to get gasoline has forced police to monitor stations due to the fights and potential theft of unprepared citizens.

New York City is a stark opposition to Joplin, Missouri, where neighboring towns welcomes homesless families in after the devasting tornado of 2011.  However, in NYC, it's an ideology of every man for himself, and the fears are the government is unable to deal with the massive amount of numbers homeless, and the people themselves do not want to take the risk of sheltering strangers for long periods of time.

CNBC's Jim Cramer provides insane prediction of Obama landslide

On Nov. 5, Jim Cramer of CNBC's Mad Money program, offered his election prognostication for what tomorrow will bring for the country.  In a parallel to his atrocious stock picking record, and embarrassing diatribe of not selling Bear Stearns just days before it went bankrupt, the former hedge fund manager predicts that President Obama will win by not only a landslide, but with numbers not seen since Ronald Reagan in 1984.

Jim Cramer:

Popular vote:  Obama: 55%, Romney: 45%
Electoral College:  Obama: 440, Romney: 98

Not only are these numbers absurd, there is not one poll, or analyst who is with 100 electors of this insane prediction.  Cramer believes that several states, including long standing conservative ones like Arizona and Texas, will go for Obama, even when they didn't in 2008.


Analysis of Jim Cramer's stock pick performance:

In a quick chat with MarketBeat one of the paper’s authors, Paul Bolster, was kind enough to translate, explaining that Cramer beats the market in part because of the excess risk in his picks. “If we adjust for his market risk, we come up with an excess return that is essentially zero,” Bolster said, adding that “zero,” in this case, means his returns are roughly in line with the risk he’s taking on. “He’s pulling his own weight with respect to the risks that his picks represent,” Bolster said. In the paper, Bolster and fellow finance professor Trahan conclude that “we find inconsistent evidence of Cramer’s ability to add value through security selection.” - WSJ

Numbers wonk Patrick Burns served as the key stat cruncher for the Barron’s story, and here’s his paper explaining his approach. Conclusion: “In my opinion, Jim Cramer’s stock-picking superiority is at best unproved.”

Then of course, there is Cramer's more recent epic fail when he pushed the Facebook IPO on his show.



Looks like the man who is part of the psychopathic 1%, who believe taking massive risks at the detriment of investors and the country, is simply adding to his resume of being the fool and joker of Wall Street.

Friday, November 2, 2012

No laughing at Doomsday Preppers now as FEMA and Red Cross fail again after Sandy

In times of trouble, your charitable donations and taxes, that in the good times go to fund organizations such as the Red Cross and Fema, seem to disappear as these agencies end up doing very little for the residents of disaster areas.  During hurricane Sandy, where both the government and Red Cross had more than 8 days to prepare for the exact locations where the storm would strike, few efforts by both agencies could be found.

And on November 1st, the disgust was so great for the Red Cross, a Staten Island official publicly announced that no American should give donations to the decades old relief agency.


“Because the devastation in Staten Island, the lack of a response,” Mr. Molinaro said to explain his comment to NBC after the press conference. “You know, I went to a shelter Monday night after the storm. People were coming in with no socks, with no shoes. They were in desperate need. Their housing was destroyed. They were crying. Where was the Red Cross? Isn’t that their function? They collect millions of dollars. Whenever there’s a drive in Staten Island, we give openly and honestly. Where are they? Where are they? I was at the South Shore yesterday, people were buried in their homes. There the dogs are trying to find bodies. The people there, the neighbors who had no electricity, were making soup. Making soup. It’s very emotional because the lack of a response. The lack of a response. They’re supposed to be here….They should be on the front lines fighting, and helping the people.” - Politicker

Additionally, where was FEMA with their warehouses full of MRE's and other basic necessities for just this purpose?  On the outside looking in, and from their track record during and after Katrina, it is no wonder why.

As National Review’s Kevin William’s points out, FEMA has wasted “shocking amounts of money,” including the expenditure of $416,000 per capita to temporarily house people displaced by Hurricane Katrina, issuing $2000 debit cards to hurricane victims without bothering to check their identification, and allowing nearly 11,000 unused manufactured homes to deteriorate on old runways and open fields in Arkansas. - Front Page Magazine

It is ironic that Americans laugh or make fun of preppers, and the government uses their prudence to exploit class warfare between the haves and have nots.  But the sad truth is, in times of trouble, you are responsible for yourselves and your family, and if you wait for the agencies that gladly take your money during times of peace, it is a fool's errand to believe that money will be of any use when disaster strikes.

Thursday, November 1, 2012

Comedian shows children about Obama economics by redistributing their halloween candy

Obama economics is about two things.  Crony capitalism (Solyndra, GM, etc...), and taking from the middle class to give to the poor.  Through inflation, taxation, and regulation, the Obama administration's policies have destroyed more middle class incomes than any President in history.

So to ensure that the younger generations understand what President Obama's class warfare and tax the rich socialism is all about, a Fox News correspondant on Oct. 30 went out to a local trick or treating area and began to teach redistribution to the children, using their halloween candy.


Picture courtesy of Sodahead.com



There you go.  It is ingrained in human kind at birth to enjoy the fruits of ones own hard work, and redistribution, as stated plainly from the mouths of babes, is stealing.

Friday, October 26, 2012

Selling your virgninity: Two different viewpoints on what innocence is worth

Within the span of a week, two women from opposite ends of the globe used their virginity for two completely different means.  On Oct. 26, American Thinker ran a story of a well privileged women who compared losing her virginity to voting for Obama.  While in Brazil, a young women cashed in on her innocence by selling the right to take her flower through an EBAY auction.

The difference between ideology and capitalistic transaction?  $780,000.


Picture courtesy of Newsodrome

But yet,..there is Lena Dunham breathlessly telling us about her First Time so a young college girl, especially in the swing state of Ohio where this ad is running, would know what to do Your First Time ...voting for Barack Obama (D). - American Thinker

And on the flip side...

Catarina Migliorini (pictured) is a Brazilian student who placed her virginity up for auction on eBay on October 15 for a mind-boggling $780,000. Think there weren’t any takers? Well guess again! A Japanese man named Natsu fought off other high rollers to win Migliorini’s prized possession, reports the New York Daily News.

Since the sexual revolution, virginity, and sexual relationships have become both a commodity, and a activist weapon to seize power on a world of male domination.  Unfortunately, the end result has become higher divorce rates in the Western world, as well as displacement in the roles of men and women.  Only in the last decade has the term Metrosexual come into the mainstream vernacular, as men are being conditioned to be more feminine than masculine.

With sex in the 21st century being so blase, open, and free, the concept of a women remaining a virgin past the age of 18, much less 21, is the new taboo in western cultures.  Thus it is not surprising that someone could sell their virginity to any one of millions of rich men, seeking power over a women for a price, by taking her most treasured gift like a business transaction.  While at the same time, a woman viewing her lust in voting for a demigogue as the equivalent of her offering that same gift in homage to a political figure.

Wednesday, October 24, 2012

Corzine defense attempts to cry innocent by saying he lost money too

Former Goldman Sachs chief and Governor of New Jersey Jon Corzine is trying hard to act like an innocent victim in the ongoing MF Global fraud scandal.  In a recent hearing on Oct. 23, lawyers for the failed CEO attempted to get all inquiries and charges thrown out of court by intimating that he must be innocent of fraud since he lost money too when he bought company shares just a few months before the bankruptcy.



Indeed, the investors' claim that Mr. Corzine participated in a fraud "makes no sense" because, just two months before the company collapsed, he bought over 50,000 shares of MF Global stock on the open market. His lawyers argue Mr. Corzine's stock purchase belies the investors' claim that he sought to defraud them.

 As lawyers for the banks that underwrote MF Global's securities noted, trading firms can go under without fraud.

 "Companies sometimes fail because of unsuccessful business strategies," said lawyers for the underwriters. "However regrettable that reality, courts long have taught that such failures alone do not give rise to claims under the federal securities laws."

To date, neither Mr. Corzine nor others at MF Global have been charged with a crime. - Wall Street Journal via Zerohedge

Indeed, it is unlikely that Corzine will ever be charged with any wrongdoing, especially in lieu of the fact that the failed financier is one of President Obama's chief campaign contributors, and has helped the administration numerous times as an adviser and fundraiser.

Nigel Farage blasts the EU for seeking total subjugation of European nations

There seems to be only one voice of truth in the European Union (EU), and that voice as always is British appointee Nigel Farage.  In his continuing crusade against the central bank ploys to overthrow Democratically elected government (Greece and Italy), his latest rant on Oct. 23 against the EU is in response to their overt attempts to subjugate the entirety of Europe, by crucifying nations with a cross of fiat currency.


In one his plainest-speaking rants, Farage provides clarity to his 'peers' on just exactly what the bailouts of Greece, Portugal, Ireland, and soon to be Spain and Italy are actually about - the "total subjugation of the states to a completely undemocratic structure in Brussels." Is it any wonder Samaras and crew - while happy to accept cash and make promises - are pulling away from yet another (this time is the last time) Troika-driven austerity push? "The euro-zone is in a very dark place; economically, socially, and politically." - Zerohedge

Psychopath economist wants to utlize former nazi eugenics programs to save the future of mankind

America grew into the world's greatest empire through innovation, growth, economic and social freedoms, and in engineering a greater place for humanity.  But as the other parts of the world increased populations, without seeking to rise as well in the innovation of man, the results were war, chaos, starvation and tyrany.

To address this effect, a former economist of the World Bank is now proposing that humanity needs to de-evolve, and in doing so, make future generations smaller and more efficient.  In a report on Oct. 21, former World Bank Senior Economist and now professor at the University of Maryland, is advocating that mankind must create new breeding programs to engineer smaller species so that they will require less food and resources.



In an article titled The Populations Problem written two days ago by Herman Daly, a former World Bank luminary and current professor at the University of Maryland suggests genetically designing smaller human beings to counter global population growth. Breeding smaller human beings, Daly asserts, “could be the simplest way of increasing metabolic efficiency (measured as number of people maintained by a given resource throughput).”

In his article, Daly rejects the argument that limiting human numbers is an automatic result of technological progress and economic growth, the so called “demographic transition”, and points to the environmental dangers posed by just lowering the birthrates through development and prosperity. Daly:

“Of course reduction in fertility by automatic correlation with rising standard of living is politically easy, while direct fertility reduction is politically difficult. But what is politically easy may be environmentally destructive.” - Explosive Reports

Eugenics, or selective breeding as a doctrine is not new, and has actually been a discussed topic in America for more than a century.  Margaret Sanger, the founder of Planned Parenthood, created her organization primarily in the cause of weeding out 'undesirables' in the African-American community, and to push for regulated selective breeding of blacks and other minorities.  In the 1930's, Adolph Hitler spoke of Sanger's work and doctrines, and it became the leading path towards his desire for a super-human race, while at the same time justified the anhilation of lesser humans or even entire races of people.
“Since Hitler’s praise of the ABCL was in print and widely publicized, the first step was to change the name. Sanger changed her organization’s name from the American Birth Control League to Planned Parenthood. Though the name was different, the goal was the same...
The elitest left in both the U.S., and in international organizations have long sought ways to implement population control, while at the same time coopting the land and resources of nations into their dominion (Agenda 21).  Herman Daly is not the first to reconstitute the call for eugenics in mankind, nor will he be the last, for the psychopaths of those in power see humanity as chattel for them to use, enslave, and dispose of as they see fit.

Monday, October 22, 2012

Presidential sponsors: Candidates should wear patches showing who owns them

In the world of presidential campaigns, the public's vote may count towards who is elected, but your money doesn't decide what the winning candidate will support.  In the world of high end financial elections, the amount of money spent by corporate lobbyists for a particular candidate not only dwarfs what individual citizens donate, but inevitably dictate what the winning candidate will side with regarding legislation during their term in office.



The last time we checked on the (funding) status of America's real presidential race - the one where America's uber-wealthy try to outspend each other in hopes of purchasing the best president money can buy - the totals were substantially lower. With November 6 rapidly approaching, however, the scramble to lock in those record political lobbying IRRs is in its final lap. And thanks to the unlimited nature of PAC spending, look for the spending to really go into overdrive in the next 2 weeks as the spending frenzy on the world's greatest tragicomedy hits previously unseen heights. - Zerohedge

See entire list of major donors to both candidates and parties here.

So if you ever wonder why every Treasury Secretary, every Fed Chairman, and every economic advisor to the President is from Goldman Sachs or JP Morgan, now you know because they pay for the right to not just sit at the table of citizen government, but to overthrow the ruler (you) and install the banking technocracy that now pervades the European Union.

Audit the Fed: German courts demand full audit of nation's gold supply

On Oct. 22, the German Court of Auditors voted to demand a full audit of the nation's gold supply, which is currently being held in the Federal Reserve vaults, the Bank of England, and the Bank of France.

This audit demand comes during a time when Germany is standing against the EU's move for an overall banking czar, and when the EU central bank is seeking dominion over the monetary policies of sovereign nations.



The German court of auditors (Bundesrechnungshof) has demanded that the Bundesbank undertake an audit of its gold reserves. In an 'audit-the-fed' style effort, the court wants to ensure that the nearly 3400 tons of gold is in fact in existence - 'because stocks have never been checked for authenticity and weight'. Furthermore, the Bundesbank's gold is stored in three other vaults around the world: The Bank of England, The Bank of France, and the US Federal Reserve. The court questions the practice of relying on a written confirmation from the custodians (foreign central banks). The decision means negotiating with the three foreign central banks for physical verification but in anticipation, the Bundesbank has begun the process of shipping 50 tons per year from the Fed back to Germany for the next three years. -  Zerohedge

Germany, the most solvent and fiscally responsible nation in the European Union, is quickly learning the lesson of 'if you don't hold it, you don't own it', and following in the footsteps os China, Russia, Iran, and other nations seeking to bring their gold under sovereign ownership.

Thursday, October 18, 2012

Chicago liberals can't stop gun violence so instead they will tax it

Chicago has become a war zone, with criminal and gang elements killing each other and regular citizens at an alarming rate.  The Mayor, legislature, and police have been unable to do anything about it over the past two years, so their newest solution is to institute a tax on both guns and ammunition.


Image of old machine gun tax stamp

Cook County Board President Toni Preckwinkle will submit a budget proposal Thursday that calls for a tax of a nickel for each bullet and $25 for each firearm sold in the nation's second-largest county, which encompasses Chicago.

Preckwinkle's office estimates the tax will generate about $1 million a year, money that would be used for various county services including medical care for gunshot victims. Law enforcement officials would not have to pay the tax, but the office said it would apply to 40 federally licensed gun dealers in the county. - MSNBC

Presumably, after the Supreme Court shot down the cities draconian attempts to deprive citizens in Chicago of their second ammendment rights to own firearms, they are choosing to take it to the next level and try to raise the price beyond the ability of people to protect themselves.

For decades, the city of Chicago has been a town run by a political machine, which uses community organizer associations (like the one Barack Obama was a part of), to control the people and ensure votes are made to keep the machine in power.  Thus gun ownership within the city is seen a threat to the machine, and since they are unable to quash it entirely, taxing it like a vice appears to be a good way to dissuade ownership, as well as milk the citizens for extra money.  Chicago is massively in debt, and holds a huge budget deficit for this fiscal year, even as they have one of the highest sales tax rates in the country.

Tuesday, October 16, 2012

World of Warcraft biggest recipient of Chinese internet expansion

A new report came out on Oct. 16 showing that one of the biggest recipients of Chinese internet expansion is the ever popular World of Warcraft online game.  Since 2011, WoW players in the Asian country have increased by 4.6%, and make up 25% of all internet users in China.



As the Chinese transition from healthy working individuals to couch-potato-like consuming-monkeys, we wonder just what the China of tomorrow will look like. To wit, Shanghai Daily reports that the world's largest online game-maker Blizzard Entertainment (World of WarCraft and StarCraft II) just announced that the number of Chinese online game players has surged to a new high after the upgrading of China's broadband services.

There are 120 million online game players in the country, up 4.6% from last year, of the 538 million internet users in mainland China. - Zerohedge

This is probably not a surprise as World of Warcraft recently introduced its new expansion Pandaria, which allows players to create Panda avatars, and just happen to be the national animal of China.  Not to mention, playing online mmorpg's is a cheap form of entertainment in a country where the median income for citizens remains fairly low.

Monday, October 15, 2012

Manipulated inflation rates by government leading to lower COLA on Social Security for 2013

With the Federal Reserve and Federal government blatently manipulating the true rate of inflation in the economy, the results for 2013 are going to be a 1 or 2% COLA increase for Social Security recipients next year.





Charts courtesy of Shadowstats

Social Security recipients shouldn't expect a big increase in monthly benefits come January.

Preliminary figures show the annual benefit boost will be between 1 percent and 2 percent, which would be among the lowest since automatic adjustments were adopted in 1975. Monthly benefits for retired workers now average $1,237, meaning the typical retiree can expect a raise of between $12 and $24 a month.

The size of the increase will be made official Tuesday, when the government releases inflation figures for September. The announcement is unlikely to please a big block of voters _ 56 million people get
benefits _ just three weeks before elections for president and Congress. - Associated Press via Breitbart

According to John Williams and Shadowstats, true inflation for 2012 is between 5 and 9%, dependent upon which model (1980 or 1990) one chooses to reference.  The government has manipulated real price inflation for more than two decades to ensure COLA increases are not in line with real inflation, to both save 10's of billion of dollars in benefit payouts, and to hide the fact that their deficit spending is causing massive inflation on essentials people need like food, energy, and rents.

Going into the 2012 election, the current administration doesn't want you to see the 30-80 rise in food prices over the past four years, and are making sure their media propagandists lie to you on what the real inflation rate is in the economy.

Government bailouts and Fed QE is solely about creating more wealth for the rich

Those animated bears are back, and this time they are breaking down how the government bailouts, along with Federal Reserve QE policies, are solely about making more money for the rich.  It is greed, theft, and a destruction of the American monetary system at its finest, while Uncle Sam simply keeps the bread and circuses of welfare and entertainment flowing to dull people from ever seeing the destruction.





This animation shows pure and simple that the credit crisis, trillion dollar bailouts, Federal Reserve actions are built to enhance the rich and major corporations, keep people spending money they don't have, and drain the last vestiges of true wealth from the economy and American capitol.

Tax the rich?  Like the meager fines placed on big banks for theri billion dollar fraud schemes, people like Warren Buffet are happy to pay a few million in a PR move to hide the fact he earned billions of of your taxes.

Monday, October 8, 2012

First National Bank of Apple could be next big release

General Motors did it, Sears and JC Penny have done it, and so have a number of blue chip corporations.  Creating your own finance company, which bypasses banks and allows for a whole new revenue stream for sales and gathering interest payments is an American institution, with both Google and Amazon now joining in the mix.

So this then begs the question for the world's largest tech company... how long until we get to see the First National Bank of Apple?


Google is getting into the credit business for the first time, with the launch on Monday of a programme in the UK to finance purchases of its search advertising by businesses.

The move marks the opening of a new front in the battle between the biggest internet companies, as they turn to their balance sheets as a source of competitive advantage. Amazon said last week that it had begun making loans to independent sellers that offer their products on its marketplace, marking the online retailer’s first move into financial services.


Google’s decision to issue its own credit card, which will also be made available in the US within weeks and other unspecified countries later, signals the company’s first attempt to use its huge cash reserves to support its core search advertising business by subsidising low-interest rate credit lines. - Financial Times

Apple has prided itself on being different and independent of the herd mentality, but in the end, the potential gain of being able to finance your own products to the miltiude of Apple zombies is something that might be too enticing to avoid.

Courts may soon decide if you really own what you buy

Governments through the time of our nation's history have distorted and broken the bond of right to personal property through taxation, regulation, and sometimes, outright theft (BATF and Eminent Domain).  But a soon to be court case could completely eradicate American's right to control over the things they buy in the economy and at retail stores.




Under the doctrine, which the Supreme Court has recognized since 1908, you can resell your stuff without worry because the copyright holder only had control over the first sale.

That’s being challenged now for products that are made abroad, and if the Supreme Court upholds an appellate court ruling, it would mean that the copyright holders of anything you own that has been made in China, Japan or Europe, for example, would have to give you permission to sell it.

“It means that it’s harder for consumers to buy used products and harder for them to sell them,” said Jonathan Band, an adjunct professor at Georgetown University Law Center, who filed a friend-of-the-court brief on behalf of the American Library Association, the Association of College and Research Libraries and the Association for Research Libraries. “This has huge consumer impact on all consumer groups.” - Market Watch

In agriculture, companies like Monsanto have already been successful in suing farmers who just happen to have crops grown on their land from seeds that inadvertantly blew in from another farm.  Absolute control over rights to how we grow food is just one phase under attack in America, and now the courts will have to decide if a companies product is simply a lease to consumers, and not a full purchase.

If the court chooses to side with corporations on this, then the ramifications to the U.S. economy could be devastating, as Americans may choose not to buy anything outside basic necessities and ignore products where corporations retain ownership over ones use and right to distribute as they see fit.

Friday, October 5, 2012

Unemployment numbers the Chicago way: Obama administration skews last report before the election

Since the results of the first Presidential debate on Oct. 3 were a complete fiasco for Obama, many people in the beltway, and financial sectors, knew that something big would be dropped on the American people to try to save the election.  On Oct. 5, that news was published as the newly manipulated BLS report on job creation led to a drop below 8% unemployment for the first time since 2009, and not surprisingly, during the last reportable month before the election.


Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers - Jack Welch Tweet

But what was the reason for this epic jump in Household survey jobs? Simple, and those who have read our series on America's transition to a part-time worker society know the answer. The reason is that the number of part-time people employed for economic reasons soared by 582,000 to 8,613,000, the most since October 2011, and the largest one month jump since February 2009 - Zerohedge

The Labor force participation rate rises from 30 year lows to 63.5% to 63.6%



So what we see in this months report, which will assuredly be revised by a multiple of 5-10 next month, or during the final annual report, is a last ditch attempt to brainwash Americans before the election that Obama's economic policies are working, and that people are finding jobs (that no on can really make claim to), on paper vs. the real world.

It's not about truth in the world of politics, its about the perception of truth, and as former GE CEO pointed out, its the Chicago way.

Thursday, October 4, 2012

Al Gore channels his Joe Biden in blaming altitude for Obama debate fail

When speaking without a script or in the case of President Obama, a telepromptor, candidates sound the best when they speak with conviction of what they believe, and speak the truth as they see it, not as they want to portrary it.

In poll numbers across the board that show Romney trounced the President in the first debate on Oct. 3, there was no question who spoke what they believed, and what their true convictions are.  And becuase of this, liberals, Democrats, and the media were forced to spin information in overtime as to why Obama did so poorly, and looked like the lesser man in front of the cameras.



However, one liberal that is well known for both lying and exaggeration, came up with the most preposterous excuse for Obama's failed debate.  Channeling his inner Joe Biden, former Vice President Al Gore went on national television and said it was the altitude in Denver that led to his inability to properly speak and respond to questions.



Just as the President continuously blamed Bush several times during last night's debate, Al Gore is the epitome of liberals and Democrats who refuse to take responsibility for their own shortcoming, failures, and actions.

What is next Al?  Will Obama lose the Presidency due to a rise in the oceans from global warming and other psuedo sciences you tout as fact.

Tuesday, October 2, 2012

Social Security benefits to reach $65 billion per month to government

It appears to be fortunate for the elderly and those on Social Security that Ben Bernanke implemented QE4evr last month, just as the national debt crossed over $16 trillion dollars.  Accordingly, that additional money is soon going to be needed as on Oct. 2, the cost to the government and to taxpayers for Social Security benefits has now reached $65 billion per month.



-The monthly SS payout is bigger than the market cap of some well know companies, including: Amex, 3M, US Bankcorp, Amgen, eBay and Caterpillar. Goldman Sachs is worth a measly $54b. SS could buy the whole thing with just three-weeks worth of payout.

-The annual cost for SS is greater than the ridiculous monster market cap for Apple. If SS used its muscle to buy big cap stocks, it could buy up all of the shares of Microsoft, Wal-Mart and Google in less than a year.

The annual SS payout is about the same as the GDP of the Netherlands. It is well larger than the output of either Turkey, Switzerland or Saudi Arabia. In 2013 SS will spend more than the GDP of Indonesia, a country of 250m people. - Bruce Kasting

Chart courtesy of Bruce Kasting
When you add this cost to the 47 million Americans on food stamps, and the over 100 million Americans who receive some form of government benefit, you begin to see why the system has no choice but to inevitably collapse at some point, and no amount of Fed spun money can keep up with the promises and corruption of politcians.