TJ

Quotes From Thomas Jefferson.........

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

"I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale." --Thomas Jefferson to John Taylor, 1816.

"Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they have, in manufactures, commerce, and other useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs." --Thomas Jefferson to Thomas Cooper, 1814.

"The art and mystery of banks... is established on the principle that 'private debts are a public blessing.' That the evidences of those private debts, called bank notes, become active capital, and aliment the whole commerce, manufactures, and agriculture of the United States. Here are a set of people, for instance, who have bestowed on us the great blessing of running in our debt about two hundred millions of dollars, without our knowing who they are, where they are, or what property they have to pay this debt when called on."
"The treasury, lacking confidence in the country, delivered itself bound hand and foot to bold and bankrupt adventurers and bankers pretending to have money, whom it could have crushed at any moment…These jugglers were at the feet of government. For it was not, any confidence in their frothy bubbles, but the lack of all other money, which induced…people to take their paper" -- Thomas Jefferson, October 1815 letter to (former) Treasury Secretary, Albert Gallatin.

"I own it to be my opinion, that good will arise from the destruction of our credit. I see nothing else which can restrain our disposition to luxury, and to the change of those manners which alone can preserve republican government. As it is impossible to prevent credit, the best way would be to cure its ill effects by giving an instantaneous recovery to the creditor. This would be reducing purchases on credit to purchases for ready money. A man would then see a prison painted on everything he wished, but had not ready money to pay for." --Thomas Jefferson to Archibald Stuart, 1786.

"If the debt which the banking companies owe be a blessing to anybody, it is to themselves alone, who are realizing a solid interest of eight or ten per cent on it. As to the public, these companies have banished all our gold and silver medium, which, before their institution, we had without interest, which never could have perished in our hands, and would have been our salvation now in the hour of war; instead of which they have given us two hundred million of froth and bubble, on which we are to pay them heavy interest, until it shall vanish into air... We are warranted, then, in affirming that this parody on the principle of 'a public debt being a public blessing,' and its mutation into the blessing of private instead of public debts, is as ridiculous as the original principle itself. In both cases, the truth is, that capital may be produced by industry, and accumulated by economy; but jugglers only will propose to create it by legerdemain tricks with paper." --Thomas Jefferson to John W. Eppes, 1813.

"The Bank of the United States is one of the most deadly hostilities existing, against the principles and form of our Constitution. An institution like this, penetrating by its branches every part of the Union, acting by command and in phalanx, may, in a critical moment, upset the government. I deem no government safe which is under the vassalage of any self-constituted authorities, or any other authority than that of the nation, or its regular functionaries. What an obstruction could not this bank of the United States, with all its branch banks, be in time of war! It might dictate to us the peace we should accept, or withdraw its aids. Ought we then to give further growth to an institution so powerful, so hostile?" --Thomas Jefferson to Albert Gallatin, 1803.

      Regulating Banking Institutions

"The principle of rotation... in the body of [bank] directors... breaks in upon the espirit de corps so apt to prevail in permanent bodies; it gives a chance for the public eye penetrating into the sanctuary of those proceedings and practices, which the avarice of the directors may introduce for their personal emolument, and which the resentments of excluded directors, or the honesty of those duly admitted, might betray to the public; and it gives an opportunity at the end of the year, or at other periods, of correcting a choice, which on trial, proves to have been unfortunate." --Thomas Jefferson to Albert Gallatin, 1803.

      Paper Speculation

"A spirit... of gambling in our public paper has seized on too many of our citizens, and we fear it will check our commerce, arts, manufactures, and agriculture, unless stopped." --Thomas Jefferson to William Carmichael, 1791.

"Our public credit is good, but the abundance of paper has produced a spirit of gambling in the funds, which has laid up our ships at the wharves as too slow instruments of profit, and has even disarmed the hand of the tailor of his needle and thimble. They say the evil will cure itself. I wish it may; but I have rarely seen a gamester cured, even by the disasters of his vocation." --Thomas Jefferson to Gouverneur Morris, 1791.

LIKE A CROCK

GM Repaid Government Loan Ahead of Schedule 

 

 

So how has GM, which lost $38 billion in 2007 even as it sold 9.4 million cars, paid back its debt? It took money from the escrow account to pay back the $6.7 billion loan.  Do you remember when you were a kid and your parents gave you $20 to buy them a Christmas present? You bought them something worth $3 and pocketed the rest? That's what GM has just done.  Oh, and do you remember when you hit your parents up for college? GM has applied for a $10 billion, low-interest loan from the government to modernize its plants so its cars will meet new federal mileage standards.

They should run this one...........

No More Gardens !!!!

Senate Bill 510

Senate Bill 510, the Food Safety Modernization Act, has been called “the most dangerous bill in the history of the United States of America.” It would grant the U.S. government new authority over the public’s right to grow, trade and transport any foods. This would give Big brother the power to regulate the tomato plants in your backyard. It would grant them the power to arrest and imprison people selling cucumbers at farmer’s markets. It would criminalize the transporting of organic produce if you don’t comply with the authoritarian rules of the federal government

Is this fuckin crazy !!!!

"Do you have a permit for that tomato plant".........
"Susan, did you pay the garden tax yet" ........ 
"The fed guys were here to check the size of the carrots you are growing and found you have 3 cucumber plants that are not on the Food Safety Modernization form and they also said that a dog shit is within 12' of the food growing safety zone........ I told you to pick up Morgan's shit"

More from Alex Jones

When are we gonna pull our heads out of the sand?

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Fuck The Fed

Price Reduced 3 Bedroom 1 Bath $250

GREAT OPPORTUNITY TO OWN AN INVESTMENT PROPERTY IN DETROIT. COME AND SEE THE VALUE. THIS IS A FANNIE MAE HOMEPATH PROPERTY . PURCHASE THIS PROPERTY FOR AS LITTLE AS 3% DOWN! THIS PROPERTY IS APPROVED FOR HOMEPATH RENOVATION MORTGAGE FINANCING. ALL OFFERS MUST BE SUBMITTED TO BIDSELECT.COM!!

 3% down ????????? shit. where the hell m I gonna come up with 8 bucks.

American Dream


Many More Guberment Homes to Choose From

Interest On The National Debt

This always gives me a chuckle.

Back in 1988 the US debt was $2,602,337,712,041.16  (That's $2.6 trillion).

In 1988 it cost us $214,145,028,847.73   ($214 billion) in interest costs to carry that debt.

The yield on treasury bills/notes (US Savings Bonds) is what determines our interest rates.

In 1988 the average 10 year yield was 8.85%.   Today it is 2.62%.


As of September 30, 2010  (the end of fiscal year) our debt stood at $13,561,623,030,891.79  ($13.5 trillion buckaroos).
In 2010 it costs us $413,954,825,362.17 ($413 billion pieces of paper) to finance it.

Here comes the funny part..............
If we had to pay......... like lets say the US didn't have the Federal Reserve to buy $600 billion over the next 8 months to purchase all those little IOU's that the treasury will be issuing.......and we had to rely on other nations to buy our debt so we could pay for our military...... food stamps..... roads.....unemployed........mortgages......Wall Street bonuses..........on and on......those nations would demand higher interest on the junk they are buying.
If we had to pay, the same rate of 8.85% like we did back in 1988  then it would costs us around $1.3 trillion just to for the interest on the debt outstanding.
That's more than all the federal income taxes and corporate taxes we take in now.
And more than $2 trillion if we had to pay the same yields as we did back in 1981.
That, my friends, is close to all federal revenue........ in other words all taxes would go to paying for stuff we already used.

Should I mention how back in March of 2002 they stopped issuing 30 year treasuries till March of 2005 and how a vast majority of our debt was and still is sold in bills and short term notes? That means as we find it harder and harder to find NEW buyers for the debt we are creating, we will also need to find buyers to replace those maturing securities.
OK I won't.

What the fuck are we gonna do in 8 months when QE2 is done? Who is gonna buy our debt? And what will the costs be?
And the fucktards just came out with the plan to save $200 billion a year but it won't start till 2012.

UNREAL.

The democratic party, the republican party, the tea party, the peanut butter and jelly party not even Sarah Palin can save us from what is on the horizon.
Get your protest attire ready, within a few years we will need it. Watch Europe and study the breakup of the Soviet Union.

Guns, Gold and Garden......... and chickens.


This is not gonna be pretty.

Make The Old Farts Work

Work till ya drop.

Boehner said he'd favor increasing the Social Security retirement age to 70 for people who have at least 20 years until retirement, tying cost-of-living increases to the consumer price index rather than wage inflation, and limiting payments to those who need them.

"I got a Boner" then goes on to tell us how broke the US is...............

"We need to look at the American people and explain to them that we're broke," Boehner said. "If you have substantial non-Social Security income while you're retired, why are we paying you at a time when we're broke? We just need to be honest with people."

I have no problem with spending cuts. But.......but the cuts MUST be across the board.

Asked about funding the war in Afghanistan, given his dire view of the government's financial condition, he replied: "How can we afford not to? The number one responsibility of the federal government ... is to provide security to the American people. As difficult as it is and as expensive as it is, we don't have a choice."

Fuckin,  "I got a Boner" is tellin the old farts to stop complainin or he will take away the handicripple parking spots at all Wal-Marts.
Whats mo important.......... Haliburton, Lockheed-Martin, Boeing, Exxon/Mobil......... or some old fart that has to collect the shopping carts at Wal-Mart in order to make ends meet?
Exactly......... defense contractors.
It costs big bucks for our 700+ military bases spread out in the 130 out of 194 nations on this planet.
Waaaaayyyyy more important than grandma and grandpa. Besides, all they do is nap and play bingo. Boring.
Our military protects us from those evil doers and that guy Al..........Al.........oh crap I always forget his last name........then how about his cousin Bin........ uhmmm  Bin ........ ahfugetaboutit.

Indonesia's Mount Merapi

Mount Merapi, the central Indonesian volcano that began erupting on Oct. 26, continued its streak of eruptions over the weekend, pushing the death toll from its deadly blasts even higher.

As of Sunday, Merapi's recent explosive blasts have killed 156 people, a doctor at Indonesia's Sardjito hospital told CNN. 



And I was complaining this morning of having to rake more leaves..........(sic)




Check out these amazing pics............


Ouch

Election Is Over

Awesome.......Let's hope the republicans and tea baggers cut some of dat "Wasteful Spendin".

Ya right....... can't touch the defense budget. 911........911.......911......suspicious package on plane.......
Besides, the money we spend on ours suckuritay ........ is well planned out.

Ships Suck!!!
 
Northrop warship gets failing combat grade

A US$1 billion-plus warship developed by Northrop Grumman Corp is ineffective and unsuitable for combat, according to the Pentagon, dealing a blow to the company as it looks to sell its shipbuilding unit.


Michael Gilmore, the Pentagon's top weapons tester, assessed the LPD-17 amphibious warfare ship as being "not effective, not suitable, and not survivable in a combat situation," a Defense Department spokeswoman said.
Defence Secretary Robert Gates has repeatedly questioned the future of such forcible U.S. landings, "especially as advances in anti-ship systems keep pushing the potential launch point further from shore," as he put it in May.


OK, so they won't work for us........

It gets better...


The first three ships of the class - San Antonio, New Orleans and Mesa Verde - have successfully completed overseas deployments, the Navy said.
 
WTF????

The Navy's current five-year shipbuilding plan calls for buying an 11th and final LPD-17 in fiscal 2012, which starts Oct. 1, 2011, but Congress has not approved this.

The Navy estimates the price tag of the 11th ship at just over US$2 billion, according to an Oct. 4 report by the nonpartisan Congressional Research Service.

Northrop Grumman, the Pentagon's No. 3 supplier by sales

Check it out dudes..... $24 billion in 2008 contracts......
  it may shed a little light on why we have a wars.

fedspending.org


I have nothing to say. ..... we are so fucked.

Please check out Wiki on this ........ 

USS San Antonio LPD-17

Fighter Pilots Playing Around

Crazy Jet Pilots Flying Super Low - Watch more Funny Videos


Ultra Low Flyby - Watch more Funny Videos


Ultra Low High Speed Flyby - Watch more Funny Videos

Too much playing around.................


Incredibly Drunk Man Can't Stand - Watch more Funny Videos

Kai Tak Airport

Kai Tak Airport in Hong Kong was open from 1925 to 1998.

Crazy landings,

Princess Juliana Int'l Airport - St. Martin

I can so see myself doing this................

Ball On A String

Dick sent this to me.
Jerk.


Ball On A String Game

The 2010 World Submarine Racing Championships

Kill The Young Ones

If we slaughter the kids, then they can't grow up hating our freedoms and half naked women.

Americans really have to take a good look at what we are doing .......... or not........ fuckin Jersey Shore is on and it ain't a repeat. Go Snooki

US drone kills house full of children

Marijuana Makes You Lazy & Stupid!

The comments on YouTube are awsome.

pretty sure i'm the motherfucking boss when i'm drivin and baked. i drive a lil slower, enjoyin the music and the scenery. pretty sure most scientific tests that have been done show that ppl driving stoned are way more cautious. i think if anyone takes an herb that lowers your blood pressure and allows you to breathe better would be a more focused, relaxed driver and it shouldn't be treated any differently then some driving wit a cig, and of course, most know there own limits.. what is she sayin

Gotta love this one........

Roll,roll,roll the joint, twist it at the end,
light it up, then take a puff and pass it to your friend.

True.....

This is all baloney.
I've known a number of people in my life that literally drank themselves to death.
On the other hand, I have NEVER heard or known of anyone that smoked themselves to death.

LOL.....

fucking cannabis nazi

LA unveils $578M school, costliest in the nation

I am sooooooo glad to see tax payers money being spent wisely.

"New buildings are nice, but when they're run by the same people who've given us a 50 percent dropout rate, they're a big waste of taxpayer money," said Ben Austin, executive director of Parent Revolution who sits on the California Board of Education. "Parents aren't fooled."

Oh shoots........

The pricey schools have come during a sensitive period for the nation’s second-largest school system: Nearly 3,000 teachers have been laid off over the past two years, the academic year and programs have been slashed. The district also faces a $640 million shortfall and some schools persistently rank among the nation’s lowest performing.

 There's no need to fear...........the US government is here to rescue those silly gooses.

Earlier this month, Secretary of Education Arne Duncan heaped praise on Congress for including $10 billion for “EduJobs” in a state-aid package that it had enacted. The move to subsidize teacher salaries and avoid layoffs was so admirable, Duncan told the press, because Congress’s “historic vote means school officials won’t need to make those tough calls.” Indeed, Duncan termed mailing 10 billion borrowed bucks to the states “a real, real act of courage.”

IOU Part Two: California To Issue IOUs For Second Year In A Row

The insolvent state of California which, just like the country of the USA, is operating without a budget (and who needs a budget when the Fed-PD complex will buy the bulk of anything and everything needed to fund ongoing daily operations), has once again ended up on the verge of bankruptcy. As a result, it has just passed a measure which for the second time in as many years (going all the way back to the Great Depression), will allow it to use IOUs in lieu of payment on everything from supplies to contracted services and health-care costs, so it can actually preserve cash to make payments to its generous debtors. On the road to banker serfdom, California has once again reached its goal.

Goldfinches Attack School Kids

New York (Reuters) - A flock of Goldfinches surrounded a North Attelborrow elementary school yesterday and attacked 13 school children bringing the total number of attacks this year to 126. Although there were no life threatening injuries reported, many of the school children said they will never venture outdoors again unless they have a pocket full of rocks.
New York representative Herb Bugerbrain said he wants to see a ban on bird feeders to decrease the number of these killer birds and is proposing installing rock buckets on every playground and in every city park. "It's insane to feed these predators, we must put an end to these attacks".
"They kill ducks" said George Longhorn, "I've seen them kill ducks and that leaves less for us duck hunters to hunt in order to keep the population of ducks down". "They are dangerous and you should shoot Goldfinches".
Ted Hackenstein from the NY Fish and Game said they will update the statement on their web site claiming  Goldfinches don't attack.
Anyone with any information to the whereabouts of these killers should contact your local hunting club.

Monday Morning Chuckle

Read this headline and scratched my bald head................

Trend of US Mortgages 'Under Water' Drops

 A smaller percentage of U.S. homeowners were saddled with "underwater mortgages" in the second quarter as more homes entered the foreclosure process even as price declines slowed, real estate Web site Zillow.com said on Monday. CNBC

 Laugh my ass off............Sweet....... so the more foreclosures, the lower the percentage of those that owe more than their home is worth. I guess they forgot the simple theory that for every empty home on your block the lower the less you will get for yours thus putting even more pressure on existing mortgages.

 

Bush Tax Cuts

So much crap is circulating over the Bush tax cuts and how we can't let them expire cuz it will hurt the economy.
I have argued for years with bozo's on various blogs that claimed the tax cuts where the reason for the economic growth the US experienced over the past decade.
My argument was it had nothing to do with tax cuts but rather cheap credit. The ability to borrow and borrow and borrow against fictitious asset values.

Watching what folks, governments and corporations were borrowing and how much they were leveraging themselves helped me better understand how fucked we really are.
Case in point: I looked at two homes that just foreclosed.
The first one the couple paid $160k for it back in 2003 and after refinancing several times ended up owing $294k by the spring of 2009.
So they pulled $134k in 6 years time. Let's put that a different way. That comes out to $22k a year or $423 a week. Not bad.

The next one the couple paid $120k back in 2001 and like many others refinanced it to death till they owed $247k and could no longer service the debt and went to foreclosure in July.
That's $130k in 9 years or $14k per year or $269 per week that this couple had to spend on vacations, clothes, cars, Xboxes, iPhones or whatever.
Neither of these homes had additions put on or does not appear to have had any type of remodeling done in the past decade.
These are just the tip of the iceberg and I could give oodles more examples but I think my point has been made.
This is why I say RE is dead and will continue it's down trend (10 to 20 years) till we reach a price level we haven't seen since the early 80's because for the past decade so many have lived off what I like to call "Unearned Income".
It is going to be impossible to replace that income.
But but housing prices will go up!
Sorry, but nope.
Prior to any housing boom the central bank lowers interest rates which in turn creates an easy credit environment that leads to a demand for goods (homes). Today the dipshits at our central bank can't lower the interest rates cuz they are already at 0% and to top it off, folks, corporations and governments are already over leveraged and can barely service the debt they have accumulated over the past decades. This is the reason we are heading into a deflationary cycle. Study what Japan has and is still going through.

And this is NH............ California along with many other states saw a much greater rise in RE values giving those that had a pen and could sign their name the ability to buy all kinds of cool stuff with their "Unearned Income".
I used to get a chuckle watching those car auctions out in Cal and the goofballs with their fake boobed girlfriends biding $180k on an old Camaro that today they are lucky if it pulls $18k. Where do you think that money came from? Unearned income.

"The Future Recession In An Ongoing Depression"

Spotted this on Zero Hedge and is a must read. But then again, perhaps sticking your head back in the sand would be easier.


GMI August

My Fault

It is I who has been feeding geese that has led to the overpopulation here in NH.
I will stop immediately.

           But Mr. Dufresne........... if you don't feed us........ who will?

                      Next they will say we are a nuisance.

 But yet when I mention how we have a Coyote in our backyard, every hunter told me too shoot him cuz they kill deer. Hmmmmmm what the fuck does a hunter do? At least a coyote kills to survive....for food.... while a hunter kills for the thrill and for the bragging rights. When was the last time you saw a coyote hang a deer head in his den or brag to other coyotes about how many points the buck he got had.

When we eliminate predators it throws the balance of nature off.

Early Warning System

My early warning system has failed me one too many times and I will be replacing it.
Pat Scott was in charge of warning me via a phone call 2 days prior to my anniversary date informing me as too how many years I have been married and the other some what important info needed to sustain a kinda happy marriage, but for the past several years has not done so which put me in an uncomfortable position.

Perhaps I will get an iPhone cuz I'm sure they make an app for it.

Tool Caddy

Morgan (aka Jake) is really turning out to be an asset to have by my side at work.
I told him to hand me my Snap-On stubby phillips drive screwdriver and bingo, he knew exactly which one to grab. Smart dog.

I do have to work on the amount of time it takes him to release the tools and will have to get over the gouges he makes while holding on to them.

Nothin Like Takin A Dump In Peace

I finalized the installation of my Dakota Alert system. Too cool.

I mounted it on the building so whenever a vehicle enters the parking lot it transmits "Alert, Zone One" to my walkie talkie type reciever.
It never failed. I would be in the middle of a good shit and BAM...... the office door would open. How rude.
I would have to pretend to wash my hands and that's a waste of paper towels.

Now I can take a shit and if alerted I have time to spray and sneak out of the shiter.
What I save on paper towels will pay for the unit in no time at all.

Here We Go Again

About 3 or 4 years ago I came across Hypertiger Wisdoms and my first thoughts of her writings was "Wow....... that will never happen". As time went on it became clearer to me that things are not what they appear to be. We live in a very sheltered society and are exposed to only what our corporate owned media wants us to see and believe.
How times change.

This article should be read over and over until it is understood. Google what you disagree with or what you are not familiar with.

Here We Go Again

Oh look…The Euro is losing value against the US Dollar. Why? According to the so called experts the rest of the world is rushing to the US Dollar as a safe haven.

Here we go again…

Demand for money in the global system by the subjects of the system is for the most part a constant.

In 1944, at the tail end of the 1933-1945 bankruptcy reorganization of the global economic trade system, the Bretton Woods conference was convened and the US Dollar was made the global trade medium of exchange.

Making the US Consumer and ultimately the United States of America the demand of the world…taking over from the United Kingdom and the British pound Stirling. The rest of the world of course is the supply to the demand.

In order to purchase anything outside of your economic zone…you need US Dollars…So let’s say you are post 1933-1945 Bankruptcy reorganization rest of the world and your economic zone is mostly composed of rubble piles and you require massive resources from external sources to rebuild.

You need massive amounts of US Dollars and the source of US Dollars is?

US consumers…

Ok how do they create them?

In a credit system, money is debt that is created by consumers requesting commercial banks to inflate the supply of credit.

The largest single source of or the engine of creation in the modern system is the real estate market.

A consumer needs or wants to purchase a house let’s say but doesn’t have the required amount of money…fortunately they can choose to request a commercial bank for a loan…but commercial banks don’t have the money either. They do have an accounting trick that basically pulls the future income of the consumer into the present…well not really…the commercial banks create money out of thin air and attach interest to it and get the consumer pay it all back plus interest.

Of course as the principal is paid back it vanishes back to where it came from but the interest does not and in the case of a long term mortgage the inflation of the money supply persists for the most part perpetually.

Consumers request commercial banks to inflate the money supply which is debt with more debt…The entire supply of the money of the world is debt with interest attached and the only way to service the continued existence of the money supply is by increasing the supply of debt with interest attached by an amount at least equal to the attached interest.

The entire money supply is being rented…the average interest rate is the cost to service its continued existence and since interest is a growth rate the supply must also grow by that amount and since the entire money supply is debt with interest attached…the rent that is due is hidden in the cost of everything.

Who or what is the rent owed to?

The top…you are the bottom.

Anyways the rest of the world basically needed to rebuild after the 1933-1945 bankruptcy reorganization of the global economic trade system…they needed US Dollars to buy what they did not have from the global market so they needed to supply what they did have to US consumers at basically fire sale prices.

Massive quantities of raw materials began flooding into the USA which produced a temporary prosperity. But since the rest of the world not in communist stasis was rapidly rebuilt…it began to consume more and more of the raw materials in the global market place leading to massive inflation in the cost of raw materials which could not be controlled. Bretton woods started out as a fixed system…the constantly expanding compounding interest credit system demanded that the rules needed to be changed…in 1944 the US Dollar was made the global trade medium of exchange and all the rest of the currencies of the world were fixed or had a static exchange rate that never changed and the US Dollar was fixed to Gold at an exchange rate of 35 US Dollars was equal to 1 troy ounce of Gold.

To make a long story short it became impossible to sustain the fixed exchange rate aspect of the Bretton woods system in 1971 and the rules were changed…the US Dollar floated against the supply and demand for Gold and everything else by the US Dollar and all the rest of the worlds currencies derive their value from their supply and demand for US Dollars.

Like the Euro…

Its strength or weakness is derived from the supply of and demand for US Dollars in the global marketplace.

The European Union imports 8.6 million barrels of oil a day…At say 70 US Dollars a barrel or 8,600,000 X 70 = 602,000,000 or a demand of 602 Million US Dollars a day by the European Union. The EU has to take 481,600,000 Euro’s and buy 602,000,000 US Dollars from the Global market to then buy 8.6 million barrels of oil every day. That works out to a demand of 219,730,000,000 or 219.7 Billion US Dollars a year.

That is just one of billions of transactions on a daily basis.

Because the US Dollar is the global trade medium of exchange there is for the most part a constant and almost desperate demand for them…

But something that has not happened in over 70 years has happened again…The production of US Dollars by US consumers has stopped… Demand for them has not stopped…demand for US Dollars is strong.

The production of Euro’s by European consumers demanding commercial banks to inflate the supply has not stopped…it’s of course slowed over the past few years.

The plight of the USA and world is like an all you can eat buffet where in order to pay the rent you constantly must lower the cost to dine and make up the difference on greater and greater volume…Works great until the consumers become fat pigs with their buttons popping off their shirts and are unable to gorge themselves anymore.

They just stop consuming more and more and more and basically are forced to consume less and less.

That’s the current situation…the USA is not a so called safe haven…the supply of US Dollars on the global market has stopped growing for 9 months but the demand by the rest of the world for them and the growth rate of the rest of the currencies has not.

After 65 years the current global trade system or scheme has basically reached maximum potential like the one before it that collapsed 1929-1933 leading to the 1933-1945 bankruptcy reorganization of the global system.

The current hijinx are just more symptoms of the doomed from square one global trade system that is imploding implemented by the top after the 1933-1945 bankruptcy reorganization of previous implementation.

"It is better to be a dog in a peaceful time than be a man in chaos."

In the Summer of 2010
Are you ready for interesting times and an exodus from the United States? A possibly apocryphal ancient Chinese curse goes "May you live in interesting times." Those words may derive from an authentic Chinese proverb: "It is better to be a dog in a peaceful time than be a man in chaos."

A great rant from Ron Holland over on ZeroHedge

The New American Exodus Begins With Entrepreneur Steve Wynn

On May 28, Steve Wynn, the entrepreneur who led the rebirth and explosive expansion of the Las Vegas Strip in the early 1990's, made it clear that he's had enough of the United States government.

Watch the Steve Wynn interview on CNBC

Bark Mulch Available

Place your order today.

Good News: 431,000 Jobs Created

WASHINGTON (MarketWatch) -- Even excluding temporary hiring for the Census, the United States is adding jobs, President Barack Obama said Friday. Obama said the May jobs report is evidence that the U.S. economy is "getting stronger by the day." Excluding 411,000 temporary Census workers, payrolls rose by 20,000 in May, weaker than expected by analysts surveyed by MarketWatch.

President BananaHead went on to say, "Why can't we make these temporary census jobs ...... permanent".
"Look ....... we have and oil spill ........ give each of these workers, a row boat and 6 rolls of Bounty paper towels and send them out in the gulf ....... it will do two things ........ create jobs ....... good jobs ....... and cleans up the mess BP made".
"That will keep these workers busy for years".
"And when they are done with that they can paddle their ass over to Israel and create a row boat blockade to keep those crazy terrorist loving activist from hurting our pals over in the Middle East ............ win win situation ......... creates jobs and gets the Jooooo haters".
"Look, I know many of you are saying, why should we help a nation that attacked an unarmed ship in international waters and shot an American 4 times in the head ..... and to those folks I say, Paul McCartney sang for us the other nite, and that is more important than what you may read or see in the media that we don't control".

That's Life

A friend once asked me what do you get your 18 year old for graduation. I told him a new address.

Pending home sales rise ahead of subsidy's end

The federal government has been subsidizing home sales with tax credits of up to $8,000 for qualified buyers who signed a sales contract by the end of April. Transactions must close by June 30 to qualify.

Can I get a tax break on my property taxes?
Why doesn't the federal government subsidize my property taxes with tax credits?

The tax credit brought more than 1 million buyers into the market, according to Lawrence Yun, chief economist for the NAR.

Well, duh, look what happened to car sales once the federal reserve and treasury dept started backing auto related CDO's that China and the rest of the world decided they didn't want to buy anymore.

"The housing market has to get back on its own feet and now appears to be in a good position to return to sustainable levels even without government stimulus, provided the economy continues to add jobs," Yun said.

 LOL......  taxpayers back over 90% of all mortgages, taxpayers have to subsidize the sales of homes, and Yun thinks the housing market may return to sustainable levels without it ........... Oh ...." provided the economy continues to add jobs" ......... nevermind.
I would love to hear a Republican/Tea Party nut job, that are proclaiming "Let's Take America Back" tell us that they will put an end to the steady flow of taxpayers money into FHFA, Fannie and Freddie, and the newest taxpayer backed mortgage holder, USDA.
They know they can't. Once funding ends to these programs then it will be the end of the housing market as we know it.
Taxpayers are stuck subsidizing the housing market till the end.

Someday people will see through the smoke and mirror show, but till then .......... Yipeeeee

West moving toward deeper financial abyss

The production of debt cannot forever replace the production of goods and savings, and no country can borrow its way to prosperity

 Well that's a stinker..........

The Western economies, having spent well beyond their means for years, should spend less for some time to pay off the debts, and should take this opportunity to change their lifestyle and consumption habits drastically. Their governments should punish the financial fat cats and protect the small guys from desperation. It now seems that more Americans and Europeans will learn from the examples of financial fat cats and the demonstrating Greeks.

If the financial fat cats are in charge of our government, who is gonna punish them?
More....

Public Debt

Eric Janszen  put it this way........

Public debt is nothing more than today’s taxes collected tomorrow, plus interest.

So the next time you hear our fuckin politicians talk how they want to spend money for wars, tax breaks for home buyers, foodstamps, healthcare, buying car companies, etc.... try to think what it will be like when we have to start paying for the $13,000,000,000,000.00 we already owe.
Or can we just walk away or file bankruptcy?

U.S. blocks Security Council criticism of Israeli raid

United Nations » Israel faced heavy criticism in an emergency session of the United Nations Security Council on Monday in response to its deadly attack on an aid flotilla trying to breach the Gaza blockade, but attempts to issue a formal statement stalled after the United States rejected the strong condemnation sought by Turkey.

So I wonder what would have happened if lets say Iran attacked  a ship in INTERNATIONAL WATERS.
Do you think we would condemn them for it? Hmmm.....

Wendy Pemberton stopped paying her mortgage two years ago

ST. PETERSBURG, Fla. — For Alex Pemberton and Susan Reboyras, foreclosure is becoming a way of life — something they did not want but are in no hurry to get out of.

I knew we were in a recovery........

Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. Visit the Hard Rock Casino.
“Instead of the house dragging us down, it’s become a life raft,” said Mr. Pemberton, who stopped paying the mortgage on their house here last summer. “It’s really been a blessing.”

Ya........ and don't forget to go on a cruise.

The average borrower in foreclosure has been delinquent for 438 days before actually being evicted, up from 251 days in January 2008, according to LPS Applied Analytics.

 It should get interesting seeing as de guberment now backs over 90% of our mortgages.
What strikes me as odd is how so many don't consider this, nor collecting unemployment for over a year a form of welfare.
Who is gonna pay for it?

FDIC Still As Bankrupt As Ever, DIF-to-Deposit Ratio At -0.38%

The FDIC's quarterly banking profile has been released. Inbetween all the fluff we find that the deposit "insurance" agency has exactly negative $20.7 billion to satisfy any upcoming bank runs and liquidations.
Zero Hedge has more.

What's funny is watchin those dipshits like Cramer and the rest of the clowns on CNBC, FoxBusiness ..... etc.
yak about how we are ok...... it's them...... it's the rest of the world that is in trouble...... not us, we are the USA, nothin hurts us cuz we have a "God Mode" cheat code so we don't have to worry.
Cramer was blaming our gov and not the banksters and wall street for our problems. Too frickin funny.

Bankers confirm Wall Street's barbarianism

US death toll in Afghanistan tops 1,000

Has someone figured out what we are doing in Afghanistan yet?
Oh ya still lookin for that old dude with a beard and cane carting around a dialysis machine livin in a cave dishin out orders to terrorists around the world via his donkey.
Ya and the dude that did the Times Square thing traveled to Pakistan for training on how to make bombs......
I almost had to change my Depends when I heard that one.
His internet must have been down cuz on YouTube you can find instructions on how to make a pile of dog shit explode.

And no one questions our war lords motives. Move along, nothing to see here folks.

WMD LIES - Bush Cheney Rumsfeld etc. - THE ULTIMATE CLIP

Congressmen urge Obama to take personal interest in Israel

Some 37 Jewish members of the Democratic caucuses meet with US president, urge him to increase his personal involvement in the administration's Israel-related policies

Jewish religion makes up 1.7% in the U.S.

Would we raise eyebrows if lets say 37 Catholics met with Shitz4Brains in support for Venezuela?
How about if 37 Muslims were looking for support for our good buds in U.A.E. or Saudi Arabia?
Muslims make up 100% in Saudi Arabia and our fuckin leaders dance and kiss the hands of that nations dictator. But we are told Muslims are bad.

If Muslims are so bad why do all our oil companies and defense contractors do business with them? What country did the majority of the 9/11 hijackers come from? If you answered Saudi Arabia then pat yourself on the back.
So again what would happen if we had 37 Muslim Congressmen and they wanted support and give $4 billion a year to lets say Iran ......... would you complain? You shouldn't. What has Iran ever done to us? And we tell our companies they can't do business with them.
Why is it we feel the need to give a nation that has attacked us, a nation the size of NJ over $4 billion a year and cannot ask questions about that support?




Why?
When you get a zit...... do you keep it? Do you want it to stay? No you get rid of it.
Rush Limbaugh had a boil removed from is ass, unfortunately he couldn't go to Vietnam and defend his country cuz of it, but he had it removed cuz it caused him pain. He had a pain in the ass, now he's a pain in the ass.
Why do we need Israel?
Please someone explain to me why we need Israel.

US Economy So Healthy One In Ten Mortgages Delinquent (New Record), One In Twenty In Foreclosure

Mortgage delinquencies: 10.06% in Q1 (Q4: 9.47%).

Mortgages in foreclosure: 4.63% in Q1 (Q4: 4.58%).

That's one in ten that are spending the money that would normally go towards housing, is instead being spent at the mall, vacation, restaurants, new car..... etc.
Just think how much more mullah you would have to spend if ya didn't have to pay rent, mortgage, or property taxes.
Recovery my ass.

And our fuckin dumbass republican senators block amendment after amendment that would restrict the banksters from driving us deeper in the hole. 
Yet they criticize Germany for banning naked derivatives and other casino style banking that is destroying capitalism as we know it.
Unreal.
As I have said over and over Republicans and Democrats are one of the same. They no longer represent us, but rather they represent the special interest groups........ the financial thugs and the war lords.

Party On

US More Bankrupt Than Ever - $83 Billion April Deficit Is Record For The Month, $30 Billion Worse Than Expected As Tax Receipts Plunge

 

Well, if nothing else, we now know officially just how great those tax receipts were. , and yes. We were right. April's tax deficit of $83 billion was the highest April deficit on record. America is now more bankrupt than ever. Income was $245.3 billion, 8% below the total recorded last April. Spending was $328.0 billion, up 14% year-over-year. A year ago in April the deficit was $20.9 billion. And here is the data: tax receipts down 7.9% YoY, Individual Income Tax down 21.5% YoY, and more importantly, spending: Total spending up 14.2%, National defense up 17%, Medicare up 39.4%, Social Security up 4.2% and General Government up 5.6%. At least interest payments were down 9.5%.
And now back to your regularly scheduled bankrupt country market melt up.

Please don't laugh and criticize the problems PIIGS are going through ........ we sure as hell aren't far behind.
Update:
As Karl reminds us, what our trusted friends in DC show us is the Unified Budget and not what we really borrow. Also our friends do not include the costs associated with Fannie & Freddie......... how convenient.

$82 billion my butt.  The real number is $175.6 billion, more than double the reported amount, and the cumulative year-to-date (calendar years) is $637.4 billion, or a run rate (annualized) of $1.912 trillion.

If you're wondering why the "stock market" has been generally supported (even though it's not up much from the first of the year) this is the reason - the government is spending roughly 13% of GDP beyond what it collects in taxes!

National Debt:
4/1/2010    $12,773,123,096,139.43
4/30/2010  $12,948,738,915,856.86
That's a $175 billion difference not $83b

The unified budget totals are often divided into two parts, those from off-budget and on-budget items. Currently, Social Security and the Postal Service are off-budget. However, reports on the budget (both official and in the mass media) often include both on- and off-budget items. This makes the current budget picture rosier, as Social Security is running large surpluses. On the other hand, the budget does not reflect future liabilities of Social Security, Medicare, or pension insurance; these potential liabilities, together, are in the trillions of dollars.
Government-sponsored entities are private entities established and implicitly backed by the government, such as the Federal National Mortgate Association (FNMA, or Fannie Mae) and the Federal Home Loan Mortgage Corporation (FHLMC, or Freddie Mac); they are excluded from the budget. The budget does, however, reflect liabilities of government-owned enterprises.

 

Misplaced Burrito Triggers SF Bomb Squad Response

SAN FRANCISCO -- A suspicious package containing a burrito disrupted San Francisco Municipal Railway Service in the city's Sunset District early Tuesday and prompted a response by the bomb squad. Transit officials called the police after the package was discovered at 35th Avenue and Judah Street at around 8:48 a.m. Light rail service on the N-Judah line was disrupted during the investigation and bus shuttles were set up, Muni spokeswoman Kristen Holland said. Police concluded their investigation at 10:30 a.m. after determining there was no risk to the public and light rail service resumed, Officer Boaz Mariles said.A witness on the scene reported the package was found to contain a burrito.

Police gathered up other suspicious packages found throughout the city and had lunch.

The Shredder

Introducing "The Shredder"  by Marko

It shreds, chews, dices, slices, tears, separates, dismantles, rips and demolishes anything into convenient easy to handle sizes.  

The Shredder is yours for three easy payments of only $29.95 (plus shipping and handling)

Order yours today. Only one left, hurry.

Fannie Mae Needs $8.4 Billion More

It has gone from scary to hysterical. Fannie doesn't even generate enough revenue to cover the interest payment on the money it has borrowed. Do ya think they will ever be able to?  Doesn't matter cuz we have the tea party and they will make sure the gov don't raise taxes to pay for all this stuff. Ya they will demonstrate and pay Palin to speak at the rallys and  that, oh ya, that will send Washington a message. Oh ya.

When Treasury provides the requested funds, the aggregate liquidation preference on the senior preferred stock will be $84.6billion, which will require an annualized dividend of approximately $8.5 billion. This amount exceeds our reported annual net income for each of the last eight fiscal years, in most cases by a significant margin.

Karl sums it up.....


David Walker, the former US Comptroller General (accountant) who resigned  after, I believe 8 years, trying to convince our dumbass leaders that the US is headed for bankruptcy, and even hit all media outlets like 60 minutes, 20/20.... etc even toured the US with a "Fiscal Wake Up Tour" to alert us folks of why we must change the direction of this country. He is a great speaker and is worth a google or youtube search to see what he has to say.
Anywho David was on MSNBC this morn and he was saying we are worse off than Italy, UK, Spain.....etc. and will be like Greece in 5 to 10 years if we don't start living within our means. Taxes are going up he said, they have to. We have no choice.
Oh and by the way Greece will default, this so called bailout is just kicking the can down the road. Greece, like Fannie and Freddie, can't even generate enough revenue to make the interest payment on the money they owe. But yet they are borrowing more.
Food for thought: If we had to pay the same 10 year yields as we did back in the 90's, the interest on our debt would cost roughly $800B to $1.2T a year. If we had to pay the same yields as we did back in the 80's it would cost us around $1.5 to $2 Trillion. It now costs around $450B.
Can you imagine all the income taxes and corporate taxes we collect going just to pay for the interest on our debt? What a shame.
Think about it.
Someday Americans will have to ask themselves before we invade another country, extend unemployment beni's , add more food stamp recipients, finance more cars and homes, promise more prescription drug or healthcare coverage....... etc........... "Can we afford it"?
Something we haven't had to ask our gov in many moons.
As David Walker said, "There are two kinds of taxes....... current, the kind you pay now, and deferred, the kind you have future taxpayers pay, also called deficits".
 

But Of Course

The government spent $175 million investigating the Challenger space shuttle disaster. 

It spent $152 million on the the Columbia disaster investigation.
 

It spent $30 million investigating the Monica Lewinsky scandal.
The government only authorized $15 million for the 9/11 Commission.

And how much has the government authorized for the Financial Crisis Inquiry Commission? You know, the commission charged with getting to the bottom of what caused the financial crisis?
Just $8 million.

 

Well we spent a ton of money cuz we needed to know what caused the shuttles to blow up and those pesky tiles to fall off.

Monica, well we needed to know what a sexual relation meant and what to use to get stains out.

I think we over spent on the 9/11 thingy cuz we all knew it was crazy Arabs that hate America cuz our women wear hardly any clothes and the buildings fell due to kerosene and office supplies. Duh.

 

$8 million wasted when all you have to do is listen to Glenn Beck, Rush or Hannity and they will explain to you the reason we had a finacial crisis was cuz of Barney Frank, Clinton years, ACORN and black people who couldn't afford their mortgages cuz they were out buying drugs, ale and bling bling.

Stream Runner

One thing Jake loves to do is run in brooks. It's so funny to watch.

Suspicious Package

Exterior Auto Works has been cleared of all personnel due to a suspicious package found in the refrigerator.
Reports indicate the package resembles a 12 pack of Bud Lite Lime but the owner is not taking any chances and is vacating the area of the building where work is preformed.
"It's for every ones safety" said the owner Mark Dufresne, "I have found these type of packages before, but for some reason don't recall what was inside, this time I'm taking no chances".

Hey

Freddie Mac Falls After Seeking $10.6 Billion From Treasury

LOL........

And there are many out there who think we have nothing in common with Greece.
Lock and load.

BusinessWeek

Jake

What have we gotten ourselves into.

A big thanks to Ray, Dawn and Trev for giving us first dibs on Jake.
Although we called them after just 36 hrs and said he was too much and that we couldn't do it.......even had all his stuff packed waiting to get picked up.............but the little shit grew on us with every passing moment.
Too many pros and not enough cons to say no.
I mean he even shits in the woods.......... come on...... ya can't get any better than that.

Some fine tuning (chases cats, eats their food) but nothing that can't be solved.

GM Pays Back Government Loans in Full

Ya baby...... now we're talkin recovery.

General Motors Company Chairman and CEO Ed Whitacre today announced that GM has made its final payment of $5.8 billion to the U.S. Treasury and Export Development Canada, paying back its government loans in full, ahead of schedule.

Fanfrickintastic........ and that's with a $4.3 BILLION first quarter loss to boot.

“GM is able to repay the taxpayers in full, with interest, ahead of schedule, because more customers are buying vehicles like the Chevrolet Malibu and Buick LaCrosse we build here in Fairfax,” said Whitacre. “We are now building some of the best cars, trucks, and crossovers we have ever built, and customers are taking note. Our dealers are increasing their sales, we are investing in our plants, and we are restoring and creating jobs.”

So junk those cars with sticky gas pedals and that slide when going around corners and buy a Government Motors quality built vehicle.

Oh........ for those that are questioning where they got the money to pay back taxpayers while posting a $4.3 billion dollar loss........

GM Repaid TARP Loans With TARP Money

“The repayment dollars haven’t come from GM selling cars but, instead, from a TARP account at the Treasury Department.”

Grassley pointed to the most recent quarterly report from Neil Barofsky, the special inspector general for TARP. 

Barofsky testified before the Senate Finance Committee this week that the funds GM used to repay its TARP debt are not coming from GM earnings.

“Instead, GM seems to be using TARP funds from an escrow account at Treasury to make the debt repayments,” Grassley said. The senator noted that according to Barafsky's testimony, "Treasury had supervisory authority over GM’s use of these TARP escrow funds."

Smoke and mirrors once again.