Monday, July 6, 2015

IMF/EU, DONALD TRUMP AND OTHER THINGS DOUBLING DOWN ON STUPIDITY!

People do understand that actions have consequences right? I ask because the IMF/EU is acting like debt restricting has never happened in the history of mankind, conveniently forgetting that Greece forgave 12 billion on debt that Germany owed them in 1945 and that debt was what caused the rise of Hitler. And Donald Trump does understand that even if he somehow wins the nomination, he has no hope in the general election as Hispanic people would rather vote for just about anyone than the orange haired moron spilling his vile guts all over the airwaves, right?

Let' s start with the Donald before we get to the unraveling taking place right now in Greece. The rest of the GOP at first gave tepid responses to Trump's racist attitudes toward Mexicans, afraid the billionaire would turn his wrath on them. But then the polls started showing just how angry Hispanics were over his comments and suddenly some like Rick Perry showed some courage, or as the Donald would put it, "cojanes," and wisely started backing away from his idiotic comments.

Trump is still in second in most polls and first in another and there is a good reason for this: people have had it with establishment figures. We don't trust them, we don't believe them and with the right we have the Donald and on the left a surging Bernie Sanders who no longer looks so defeatable after all. Now it is more likely than not that neither of these two will win, but Bernie will pull Hillary to the left and Trump will pull the GOP off the map. Even the most hardcore right wing pundit realizes that Trump is an albatross that could sink the whole party. Keep it up Donald as you are helping pave the way for a President Sanders, which would be the best possible scenario available right now.

It certainly didn't help when he said Jeb Bush only likes Mexicans because he is married to one. Ouch! He deleted the tweet soon after apparently unaware that that doesn't fix the problem and the tweet is out there for all the world to see forever. It also doesn't help that Sheriff Joe Arpaio is STILL harping about Obama's birth certificate, regardless of the fact that everything brought up about it has been debunked by myself and others and is linking Trump to that effort along the way which can't be good for him, proving that a percentage of the GOP, which is pretty much anyone supporting him, as way too stupid to exist anymore. Between them and the moron Hillary supporters, I think we could off half the populace and probably have a better society. These idiots are literally killing us.

Keep it up Trump. Everytime you say something stupid, you make the rest of the GOP cower in fear and make it that much harder for any of them to get elected. I cannot wait until August for the debates.

And then there is Greece who overwhelmingly told the IMF to take a long walk off a short pier. The pre-election polls had a close race but the final tally was roughly 70% no to austerity and 30% yes. To be honest there was no good answer here, but I still think they made the right decision as decades of poverty loomed ahead or an epic collapse now and hope down the road in the near future. I would have chosen no too.

The next few days will be pivotal. If the IMF says no more money at all to Greece, their banking system will collapse as soon as tomorrow and civil unrest may occur when goods and services come to a complete halt. The worry for the EU is that if they decide to go the Iceland route and forgive debts rather than demand them from their people, and this works like it did there, the world will notice and austerity everywhere, including here at home, will end as banks lose all their power. This is the one hope we have left because the banks and corporations are trying their best to take us over completely as seen through the eyes of the TPP the world wants. It is slavery and cannot be allowed to continue. The Greeks have been the first to say ENOUGH. Will the rest of the world follow?

The IMF is following a pattern that everyone knows cannot and will not work. But because the rich of the world now run the show, they don't want to give up one red cent and make the rest of us pay for their lifestyle. The end result of this is either a fascist state or anarchy. And much like Greece, I'd pick anarchy every time as the quote goes, "it is better to die on your feet than live on your knees." Greece just took a bold step forward that could go bad or good depending on what occurs over the next few days. The Dow is certainly not much affected today, as most world markets weren't, due to stock buy back programs that make sure the market never tanks if they can help it. But this can only go for so long if things turn bleak. The next few days should be interesting.

Thursday, July 2, 2015

DOUCHEBAG OF THE WEEK: DONALD TRUMP!

I don't know which is scarier: the fact that this blowhard is actually running or that he has propelled himself to the number two spot in many polls. Voters do know if they pick this guy, whoever the democrat is, will win in a landside reminiscent of the Regan/Mondale slaughter from 1984. He has pissed off the Hispanic voters, without whom he cannot win. He has hardly made himself any friends with the gay community (although to be honest he is light years ahead with that demographic considering almost all his opponents are anti-gay bigots) and has a huge negative factor that no other candidate, not even Hillary or Bush has, that would be near impossible to overcome. Sigh, America. Let's see those runner ups in this shortened week.

10)Sharks- Will someone please remind all the sharks swimming out there that we are not in fact food? How many times have we told you that we taste terrible. We are a species filled to the hilt with artificial preservatives, yucky chemicals, pollution and other poisons that give us the flavoring of Taco Bell that has been sitting in the sun all day. So why have you decided that North Carolina swimmers are now on the menu? The seventh attack on a swimmer happened this week which begs this question as well: what idiot is going swimming off the coast of NC right now? Someone with a death wish or a limb amputation fantasy, I guess. Stay out of the water as lack of food may be driving these creatures closer to shore, otherwise known as that global warming thing that so isn't happening according to half the population and all of the GOP. This is more of that proof you keep screaming about wanting. If you don't believe me, by all means Republicans senators, put on your bathing suits and take a nice cool swim with the sharks that you say isn't being caused by climate change. Please, do that. Get back to me after you haven't been nibbled to death.

9)TV Land- I totally get not wanting the Confederate Flag flying over state houses. That is really wrong. However, if you want to have one in your house, in front of your house, or on your car, that is your given right as an American. Be prepared to be called a racist, which let's face it, many of the bearer's of the flag aren't, but much like the swastika has forever been ruined by the Nazi's (it's actually a good luck ward against evil in Indian culture), the Confederate Flag has been sullied by the KKK and Dylann Storm Roof. But now we always have gone too far with TV Land taking Dukes of Hazard off the air because of the Confederate Flag on the car, the General Lee. There are no racist connotations on that show, it's fairly tame by today's standards in general, and Daisy Duke set many a pre-teen's heart racing, ushering him into manhood as the first hot woman some of us noticed. Bring the show back, even if I haven't watched it since it first aired, for the people out there who do like it and are not racists. This is PC nonsense run amok again.

8)David Vitter- How this pig is still in office says loads about Republican voters. Hillary Clinton writes an email saying she was thirsty and all hell breaks loose. This douchebag, another "family values" idiot, was caught years ago sleeping with prostitutes, and an apparent diaper fetish (YUCK!), but still kept his job. WTF? So what do this ass do this week? When gay marriage was legalized, he used Twitter (something the Republican party grew to regret from multiple candidates this week for whom Twitter was devastating to them), by writing out for all to see  "A Chick-Fil-A kind of day," accompanied by a picture of him eating said meal. This of course, led a lot of people to write on his Twitter feed about his past, reminding him that gay people are at least trying to be monogamous legally with their partners as he cheated on his wife with hookers. What a dick.

7)Airlines- For me to get from either Logan or TF Green to Philly costs as much as going to California or Europe lately. The reason for this is because airlines like Southwest and JetBlue stopped flying those routes meaning the only to get there is through US Air/AA, one of only five airlines left in the country. Now comes word that four of the five have conspired with each other to deliberately block routes thus increasing costs for seats. This is why monopolies are dangerous, why we should have never deregulated the airline industry and why we definitely shouldn't have allowed only five companies to remain. The airlines are screwing us. Must be Thursday.

6)Claire McCaskill- This bitch Senator from Missouri needs a swift, sharp kick in the ass as voters should be outside her office right now with pitchforks and torches. Coming off like Diane Feinstein, another democrat who should be tarred and feathered for traitorous votes, this absolute idiot is selling us out bit by bit. It's bad enough she helped the fast track get by for the fascist TPP to pass, she now is now shilling for Hillary calling Bernie Sanders an "extremist" and "too liberal" for America. Yeah, because Hillary is NOT liberal enough, you cunt! To say I loathe this woman would be an understatement. She spent the better part of an interview slamming Sanders for things, she herself supports. What a tool. The fact she wants to kill the Cleary Act, which makes mandatory reporting of school shootings to students in harm's way, a real head scratcher, and all because she it creates too much paperwork. Boo Hoo. Next time this whore is up for re-election, vote her out. She is dangerous to this society and should be removed from office post haste.

5)Ted Cruz- Speaking of idiots who should never be in office, Cruz made the bizarre decision to post a video this week of him doing terrible impressions from famous Simpson characters. I can honestly say I have never seen anything like it. On top of that, he went into full on moron mode after the Supreme Court ruled against some of his pet projects and he now wants term limits on the Court because of it. To be honest, I don't think that is such a bad idea as morons like Thomas and Scalia would have been sent packing years ago. Be careful what you wish for because term limits for justices may lead to a much more liberal, and therefore, reasonable court.

4)Scott Walker- This blowhard will officially enter the race this week, bringing the total number of Republicans running to all of them. I have heard rumors that some are even planning on digging up the grave of Ronald Regan and throwing his hat back into the ring, Weekend At Bernie's style. Yet another unpopular governor thinking he has any chance which he probably doesn't. When your numbers are underwater at home, and you have done a disastrous job to earn that negativity, how long before the rest of the country catches up?

3)Chris Christie- This guy is even less popular than Walker and Trump and has absolutely no chance of winning. We already have our blowhard quota sewn up tight with those two in there and there will not be room for a third, even one as big as he is. He missed his moment in 2012. 2016 will not be kind. His poll numbers in his own state are hovering around 30%, is under several FBI investigations still, lied to the public about pension reform and is 48th in job creation in the country. Good luck Fat Boy you are going to need it.

2)EU/IMF/Banks- The EU is playing chicken with the world, the IMF is helping and banks have huge liability issues with Greek and Puerto Rican debt. None of this had to happen this way but rich people are refusing to carry their fair share anymore and want the rest of us to live in unending poverty while they live the high life. They do know that is not possible right? Next week a reckoning may be coming.

1)Donald Trump- No one has done more damage to the GOP and his own brand than the Donald lately. He was fired from Macy's, Univision and NBC this week and now Serta has severed ties with him as well. His insistence in labeling Mexicans as criminals is killing his chances in the wider election. And worst of all for Republicans, he is sucking up all the oxygen out of the room for anyone else. Say what you want about the guy, but he knows how to self-publicize, good or bad. Reince Priebus, the head of the RNC, acknowledged that fact this week, which is kind of damning praise I guess. Democrats are thrilled with this as Trump is a lightning rod which will cause all press to be about him for some time and 99% of it is really bad. If he becomes the nominee, Republicans will stay home in droves and democrats will show up just to vote against him. As the Supreme Court ruled against gerrymandering rules in states that want to opt out them, the House is now in jeopardy in states like Arizona and five others where independent committees will set the voting districts instead of Republicans which skewer the numbers in their favor. Wherever that has occurred, no matter how red the state is, seats are being lost on the right due to the rigged nature of districts. So congratulations Donald Trump, you are indeed douchebag of the week.

Wednesday, July 1, 2015

HILLARY E-MAILS, THE REPUBLICANS, THE EU AND OTHER IRRELEVANT THINGS!

There are a lot of reasons to not like Hillary. I think she is phony, telling us what we want to hear, just like Obama did twice, and much like the current president, a dyed in the wool corporatist who will screw us over once she gets into office. The poll numbers being seen right now cannot be encouraging as Bernie Sanders is catching up to her, with his numbers polling around 25% to Hillary's 50%, and his unfavorable rating is the lowest of anyone running for president at a lowly 11%. Christie, Hillary, Trump and Bush all score way higher than that, with Christie's pushing 70% right now, a record high for someone trying to become president, and who will almost certainly not win.

But right now, the conservatives is making hay over some of Hillary's emails which are so petty and pointless, it actually makes me like her better. Way to go stupid. So far we know she has had the gaul to ask a staffer for iced tea, by email. We should impeach her now for that, right guys? Guys? Oh as I hear crickets you have accurately come to the same conclusion that nobody cares about this. Another had her flummoxed by a fax machine. Me too and I am twenty years younger than her. We also found out her and her husband barely speak, like that is some news worthy bull that we also knew for the past few decades. The best they had was she was still communicating with Sydney Blumenthal, who may or may not have hidden information regarding Libya, but knowing what I know about anything that happened there connected with Hillary, I wouldn't put too much stock in it. These e-mails are worthless, proving nothing, as always. If you are going to bring down Hillary, you need better ammo than this. These were just sad and pathetic attempts to vilify the front runner for Benghazi again. Enough.

As the Republicans continue to spin out of control, their eventual nominee is all but guaranteed to be a bloody husk by the time the actual race starts. Jindal and Christie are there for no other reason than bloated ego as they both test below pond scum in the race. The same goes for Huckabee and Santorum whose time has also come and gone. The front runners right now are Bush, Trump (WTF America?), Walker and Carson. None of these people can win in a general election, especially Trump who is having a very bad week. Because of his idiotic comments about Mexicans, he has been dumped by Univision, who Trump is now suing for $500 million for breach of contract and to which even Univision has publically laughed about. I have seen these kinds of contracts in person and let me tell you, they give the studios wide latitude to get rid of whatever programming they want, no questions asked. Trump has no hope in this case. He was also fired by NBC, and a lawsuit I am sure is coming about that, and even Macy's has severed all ties with his clothing line, and again I am sure lawsuit, none of which he can possibly win on. This is the same guy that sued Bill Maher for $1 million dollars after Trump proved he was not in fact related to an orangutan, as Maher had suggested in jest. He lost that one as well.

With 14 named candidates, and two more waiting in the wings, only Rand Paul has done anything resembling intelligent and is actively courting pot donors, with the promise he will not stand in the way of pot legalization. Finally, some candidate from the Republican side shows an ounce of intelligence as, so far, only Bernie Sanders has come out for legalization as well. Another reason I do not like Hillary, as pot shops have brought hundreds of millions in taxes to the states that have legalized it and created thousands of jobs, two things we desperately need. Say what you want about pot, but it doesn't kill, is nothing like alcohol, is non-habit forming and could literally save this country from bankruptcy. It is going to happen like or not, anti-pot people. Don't be like the Confederate flag supporters who are coming off as racist hicks.

We are still facing an economic calamity with the bankruptcy this week of Greece and the looming one from Puerto Rico. Very few pundits, economists and the like seem to understand how dire this might be, with Robert Reich one of the few who wrote a fantastic column this week accurately saying our stock market may crash and unemployment could soar and soon. We are in a holding pattern until Sunday when the referendum in Greece takes place, which the EU is of course complaining about. Greece made another proposal today, offering more concessions, but the EU refused to even look at it until after Sunday. So depending on what happens next week we could be looking at either no deal or a very bad one that may send Greece into a civil war. Either way, things could implode there quick. Puerto Rico is no better as the US has refused to restructure their loans either, just like the IMF, which may send the island into oblivion. People are already making plans to move back to Florida and the Mainland as things are so bad people are losing their businesses (no one has money to spend which should sound awfully familiar at this time), jobs are being lost by the day and it looks bleak for the 51st state, technically. This failure could also impact US banks who again have bet heavily on that debt on the derivative market. Countries are starting to die due to banker whims who want all the money and to hell with anyone else. I am hoping Greece tells the world to go to hell next week, but we will have to see if chaos is really what people want over fascism, which are their only two options at this point. We all are facing a similar scenario here.

This week will be a hover pattern for the stock market and I would not be surprised if something does happen over the 4th as the world is going to need a major distraction from the economic disaster that looms next week. Stay safe for the 4th, as I will be writing my douchebag column tomorrow and will return Monday with new stuff. That is all.

Monday, June 29, 2015

GREEK DEFAULT LOOMS AS CONTAGION SPREADS. WORLDWIDE ECONOMIC COLLAPSE POSSIBLE THIS WEEK!

Everything I said was going to happen with Greece has, with even the BIS (Bank of International Settlements) finally realizing how screwed up the banking system is, even though I first wrote about that way back in 2012. Welcome to the party, pal.

But let's start with Greece. They are going to default tomorrow. That is a given at this point. If the EU/IMF don't pony up funds by then, which they have refused to do, Greece is going to default and the chances of them ever paying back the loans they were given is nil. This has already led to some major problems today, almost all of which are connected to the Greece default. Some Italian banks have had to close today as they exposure to Greek debt has overwhelmed them. Expect this to happen more and more as the problems worsen.

All of this is being caused by the greedy rich and bankers wanting more and more and the rest of are being seen as cannon fodder. The TPP is a prime example of this at it is a corporate takeover of most of the planet, one that could encompass as much as 80% of world trade. The bankers have demanded higher taxes in the form of VAT and pension cuts in Greece, even though many pensioners are collecting nothing as the funds have run out as well as corporate tax cuts because as we all know, that always works never. Several within the EU have demanded sovereignty over nation states so they can prevent another Greece from happening, which means they want to decide who lives and who dies and to hell with what voters think. This is the global fascism sweeping the world and Greece is smart enough to say they are done with that.

But none of that matter if the entire banking system fails due to unbridled greed. Stock markets world wide have plummeted over this, with European stocks fading the most, falling anywhere from 2 to 6 percent depending on the country. Greek stock markets are closed for today and probably for the rest of the week, as are their banks which don't reopen until next week.

Puerto Rico just declared themselves in serious trouble as they too do not have enough money to pay back creditors and their banking system may fail at any minute. Unlike some countries, they do not have the luxury of declaring bankruptcy so their economy may just detonate instead. China's economy has been falling for months and with their exposure to Greek debt unknown, they may be a stone's throw away from going under themselves. They have a massive stock bubble, along with a real estate growth bubble that appears to be ready to pop any minute, that may sink them as a world economy any day now.

All of this will have serious repercussions as the economy is tied together and if one domino falls, the rest are going to go with them. If Greece defaults, the world banking system may implode with it, because as the BIS and myself have now both said, the banks do not have the ability to withstand another major shock due to the fact they have not done enough after the last one to fix any major problem. They used Band-Aids instead of tourniquets and now the world is bleeding to death and they cannot nor will not fix this. Here is what the report said:

• The world will be unable to fight the next global financial crash as central banks have used up their ammunition trying to tackle the last crises.
Central banks have backed themselves into a corner after repeatedly cutting interest rates to shore up their economies. 
Central banks may have contributed [to the coming crisis] by fuelling costly financial booms and busts and delaying adjustment.”
If that sounds familiar it is because it is exactly what I have been saying for years now and I have this blog to prove it.

This week will prove to be  problematic if not catastrophic. Keep a close eye on world market and the Dow because an epic downturn may be right around the corner.

Sunday, June 28, 2015

DOUCHEBAG OF THE WEEK: EU/IMF

Think how bad you have to be this week to beat our traitor in chief Obama, the idiot right who not only committed treason but then had a fit on social issues they lost and southern sympathizers who don't understand that the civil war ended 150 years ago and they also lost, for the top prize of douchebag of the week. But low and behold the EU and IMF did this week when they may have just single handedly ended civilization as we know it. Be prepared people, it's going to be a bumpy week. Let's see those runner ups, most of which should be at the top in a normal week which this one definitively wasn't.

10)Bobby Jindal- Another entry into the joke that has become the Republican party at this point, almost all of which committed treason this week. Jindal's video announcing his candidacy was a nanny cam view of him and his wife telling his less than enthusiastic kids he is running for president. It was just as boring as he was. I love the fact that he, and others like Scott Walker, are either running or about to, even though Jindal is dead last in state's economies and Walker is 35th. It's going to be hard to convince people to let you run a country when your own state is in shambles. We already tried that with W. and that ended disastrously. This guy has a 0% chance of winning.

9)Chris Christie- Yet another candidate doomed to fail, and unlikely to win even another term as governor at this point with his approval rating in the low 30's. He missed his chance in 2008 where he might have won had he run. Now, between Bridgegate, a pension scandal, and several ongoing FBI investigations, his chances have dwindled to just about Jindals's. The GOP selection is a cast of who they will pick to lose epically come 2016.

8)Jim Webb- A democrat nominee who right now is barely registering, came out in support of the Confederate flag flying over state capitals stunning everyone who thought he could be a real threat. Not anymore as his chances of winning are somehow less then Jindal's. It's hard to be mad at a guy you've barely heard of and with Bernie Sanders on a tear, now polling at about 25% to Hillary's 50%, the rest of the democrats have a long slog upward if they want even a slight chance.

7)Sarah Palin/Bristol- People have finally had enough of this shrew as even Fox News fired her this week, actually calling her "irrelevant" Now that's not only funny but highly accurate. She is irrelevant and it is good see that even Republicans are looking at her and shaking their head. It didn't help that Bristol Palin is pregnant again, and still not married, after her last marriage to be imploded when it came out that her fiancée was still hitched. Yeah, abstinence works wonders guys. These hicks need to go away and thank God Fox has helped that along a little. I am still hoping she decided to run for president though. Her idiocy is comic gold.

6)Civil War Apologists- Speaking of dawn breaking in Marblehead, many have finally gotten the message that the Confederate Flag is a racist symbol and has no business flying over state capitals. Alabama, which will appear later for a different reason, took down the flag this week, realizing they were on the wrong side of history. As a result, I have been treated to a litany of armchair historians who keep crying about how the flag isn't racist and the civil war wasn't fought over slavery. The flag was created by a guy who said it represented the white man superiority over black people. The war was fought mostly over slavery (and tariffs to a lesser degree). These people attempted to overthrow the government, you know traitors. I am sick of hearing about Southern douchebags acting as apologists for their racist ancestors. Germans don't wax poetic about the Nazi's. Neither should the south. Grow up and get with the program. The south lost. Deal with it.

5)Liberals- There is always some liberal douchebag who will also take something too far. Yes, the confederate flag is bad and we should get rid of it on state grounds. However, tearing down statues of people like Robert E. Lee is going too far. He may have been on the wrong side but he was a military genius in a lot of ways. And can we please stop with the liberal purge on things like Gone With The Wind, The Jefferson Memorial (because he owned slaves) and cultural icons like Aunt Jemimah and Uncle Ben. We get it. You've over sensitive. Much like the South, grow up. Not everything has to be connected with slavery and your inability to see beyond your blinders is pissing us off.

4)Antonin Scalia- Is death to busy to pay this old fart a visit because his time has come and gone to live on this Earth much longer. Talk about out of touch with his dissents from the bench this week. After getting his ass handed to him when he lost both the Obamacare and Gay Rights movement, he had a hissy fit calling it the end of America, which is ironic because this is the douchebag that wrote the disastrous Citizen's United law, something that actually DID end this country. Between him, Alito and Thomas (and even Roberts on the gay rights case), the far right has gone TOO far right and these morons should be removed from the bench for crimes against humanity. This is what voting for the right gets you. The good news is that since the next president is almost guaranteed to be a democrat, the next few justices will be replacing people like Scalia with more liberal oriented people. Time to take a dirt nap loser. You will not be missed.

3)Anti gay morons- The Supreme Court ruled in favor of gay marriage this week. States like Alabama, and the evil Judge Roy Moore who presides there, have vowed to fight against the Supreme Court, apparently unaware that lower courts have no say in the matter any more. Mike Huckabee has said that he and fellow Christians will use civil disobedience, like MLK did, to stop gay marriage, also unaware that MLK was fighting against oppression while he and others are doing the exact opposite. Presidential candidates have gone from hating the decision, like Rick Santorum who said that instead of fighting against global warming we should be fighting gay marriage, as if the two were intertwined somehow, to Jeb Bush and Marci Rubio having much more subdued, and let's face it, presidential views that are still going to be a problem for them in 2016. The rabid right is going to scream about this and drive the conversation further to nutball territory, making the pivot to the center impossible again, especially in a country moving left in a big way. This fight is unwinnable, yet some are trying to see how fast they can lose before 2016 is even here.

2)Obama, the Republican Party, and several traitorous Democrats- These assholes pissed on our country and have set the stage for the TPP to pass, now that fast track is available, and with it, the end of America as we know it. The Constitution will be demoted to corporate authority and we officially now live in a Neo-fascist state. Once again, most people were against this, told Congress we were against this, and still they went against our voices. The time for revolution is here and we can do it non-bloody in 2016 by voting out every single person who voted for this, only electing non-corporatist people which would mean zero Republicans and Bernie Sanders as our new President. Will that happen? Probably not. And if it doesn't, expect thing to get very bloody then because the people won't have any other choice as our country becomes a very oppressive, third world country. One with 300 million guns I might add.

1)The EU/IMF- None of the above may matter after this week if the world economy sinks into the abyss as some are suggesting. After the EU/IMF insisted on reforms that have been proven failures (cutting pensions further, lowering corporate tax rates), the Greek government told them to Fuck OFF in no uncertain terms, meaning that a Greek exit from the Euro may be inevitable and with it, the write off of billions in debt. The issue with this is banks worldwide have bet on the derivative market, some to the tune of trillions of dollars they don't have. This is from investmentwatch.com:

Deutsche Bank’s 2014 annual report revealed that the super bank (in size anyway) had an eyewatering €54.7 trillion net exposure to derivatives, a sum, to put it in perspective, which is 20 times in excess of the GDP of the EU economic powerhouse, Germany.
 
During the 2014-2015 period the bank undertook further deleveraging of investments it deemed of risk; it sold €8 billion worth of stock at a 30% discount and failed banking industry “stress tests”. And just this month witnessed the resignation, without explanation, of its two CEO’s followed by a Standard and Poors rating of BBB+, a dangerously low rating — lower than Lehmann’s just prior to its collapse.
Deutsche Bank’s ultimate fate remains to be seen but these indicators do not present a healthy financial institution. It goes without saying that a Greek default would have massive repercussions for Deutsche Bank and by implication the entire European banking system.

Banks here at home like Goldman Sachs, JP Morgan/Chase and Bank of America have similar exposure. What this means is that by Friday of next week, the derivative market could implode taking down every major bank worldwide and with it, the entire planetary economy. Goods could skyrocket in price, and banks could fold with your money disappearing into a hole as the FDIC only has a fraction of the funds needed to pay everyone back what they promised. This means mass foreclosures, a complete halt to payment of any debt and the end of tens of millions of jobs, perhaps as soon as the end of the week. To say things look bleak is an understatement. If you have stocks watch the market like a hawk and sell at the first sign of a downturn. Once the market goes, it will evaporate in days, perhaps even hours. Get your money out of banks if you see them start to fail, not that it might mean much if milk costs $100 a gallon. Here's another look from investmentwatch.com of possible end of the world scenario's:
With this statement today the government of Greece has now set in-motion a financial calamity that _will_ envelope the world. Here’s why:

As a member of the European Union, Greece got to print money; EUROS. The validity of those EUROS is now gone, but they cannot be pulled from circulation because there are so many. Therefore, the VALUE OF THE EURO as a whole, is going to drop off a cliff as a result of Greece defaulting on June 30.

According to the Bank of International Settlements (BIS) at present there are currency derivatives valued at $26.45 TRILLION related to Greek Debt. This was confirmed by the financial mega-site “SeekingAlpha.com” way back in February, just after the snap elections brought the new Greek government to power.

There are also $4 TRILLION in other, non-currency derivatives linked to Greece.

For those who are not aware, a “Derivative” is an investment on the success (or failure) of another investment. Derivatives are actually “bets” that something will succeed/rise or fail/fall. Derivatives involve huge “leverage” meaning investors put down very little cash for the option of controlling ENORMOUS amounts of the underlying investment; in this case, the EURO.

When those betting FOR the underlying investment are WRONG; they must put up more and more cash to cover the loss experienced by the underlying investment because THEY CONTROL IT. They cannot simply walk away from their derivative contract; they’re on-the-hook for the loss.

Do the math: $26.45 TRILLION in EURO CURRENCY Derivatives! the entire 320 billion euros of Greek debt along with 3.4 to 4 trillion of derivatives on Greece and interest rates on Greek bonds etc.
THE ENTIRE FINANCIAL WORLD WILL FALL LIKE DOMINOES…. . . . . all after June 30! ! !

 
Lest you think this is some exaggeration, consider that the United States government spends about $4 TRILLION a year and the U.S. national debt is $18 TRILLION. People are already recognizing that the US cannot ever HOPE to pay the $18 TRILLION. Now ask yourself: How is the financial sector and its investors going to cope with a detonation of $26.45 TRILLION in currency derivatives plus another $4 TRILLION in derivatives based on Greek debt and interest????? Hint: They can’t.
We’re actually looking at very real financial collapse, striking worldwide, because so many in the financial services industry GAMBLED with derivatives and they have no way to get out of their gamble.

This isn’t some pie-in-the-sky doom bullshit. It is real. Contract law real. Contracts held by BANKS that they cannot get out of.

I am not a licensed financial adviser and so I cannot lawfully give any of you financial advice. I can tell you, however, what I am personally doing: Taking out any cash I have in banks, IRA’s, 401-K’s, Money Market Funds, Hedge Funds, stocks or bonds. It doesn’t matter if I take a loss on any of them — or all of them. The loss I take now will be minor to what’s coming after June 30 . . . For a lot of people, EVERYTHING THEY HAVE WILL BE WIPED OUT.

All of this could have been avoided had the greedy pigs running this world hadn't demanded their pound of flesh from an anorexic who had no more to give. The fact that their own reports say what they are doing is a dismal failure tells us loads about how dickish these people are. So congratulations EU/IMF, you are indeed douchebag of the week.

 

Wednesday, June 24, 2015

TRAITORS RULE AS OBAMA, REPUBLICANS AND A HANDFUL OF DEMOCRATS OFFICALLY END AMERICA AS YOU KNOW IT!

Well, Obama just became the worst President ever if he goes through with two disastrous decisions that will have serious consequences for all Americans. Bush may have crippled this country, but our current douchebag may have actually ended it with the passage of the TPP now seemingly inevitable and the unbelievable reversal of hostage payments.

Let's start with the hostage situation which will reverse years of not paying out ransoms to people kidnapped overseas, with allowing families to pay to get their people back, which will of course result in more kidnappings and funding for terrorist groups that will use that money to carry out attacks that kill innocent people. Genus. Guess why this change happened? Rich people were pissed they couldn't use their money to get loved ones back, regardless of the consequences, something seen in the elite world to a horrifying level. This will cause more people to get kidnapped, many of which went to areas they shouldn't have, like that dumb woman who went to Syria because her boyfriend was Syrian. I have zero sympathy for people who do stupid stuff and then expect us to drop everything to help out when they should have known better.

We are seeing this level of "rich people are better" mentality throughout California where rich communities are using more water than they should, instead of conserving water, because as they have money, they feel more entitled to water than poor people. They have actually said as they can afford the water, they should be able to use the water as they see fit, oblivious to the fact that there is still a finite amount of water and it is running out regardless of stature. Plus, if people run out of water and the rich were seen as wasting it, cue the pitchforks and torches, which this country is dangerous charging toward.

And it's not just here. In Greece today, the rich asses who run the EU pissed on Greece's latest proposal, which was a solid one I might add, because instead of tax cuts for corporations and the rich along with higher VAT taxes and pension cuts for the poor which the IMF demanded, the Greeks actually handed them a common sense one that did the opposite, which they flatly said no to. Nevermind the fact that just last week, the IMF released their second report that trickle down economics don't work, they still are continuing to behave as if they do. Greece is headed for a fall because the rich are trying to establish a global dominance, something the TPP does in spades.

When the TPP passes, as it seems it will, Barack Obama will be the worst President of all times as his idiocy will give corporations sovereign power over us all. That is not hyperbole. It is fact as environmental and health laws will fade, drug prices will skyrocket, guns may be banned, and the Constitution will be lost. He is a traitor of the worst kind and should be impeached immediately to stop this, not that that has any chance of passage. Here is a list of the sixty other traitors that should be listed as such:

Alexander (R-TN)
Ayotte (R-NH)
Barrasso (R-WY)
Bennet (D-CO)
Blunt (R-MO)
Boozman (R-AR)
Burr (R-NC)
Cantwell (D-WA)
Capito (R-WV)
Carper (D-DE)
Cassidy (R-LA)
Coats (R-IN)
Cochran (R-MS)
Coons (D-DE)
Cornyn (R-TX)
Cotton (R-AR)
Crapo (R-ID)
Daines (R-MT)
Enzi (R-WY)
Ernst (R-IA)
Feinstein (D-CA)
Fischer (R-NE)
Flake (R-AZ)
Gardner (R-CO)
Graham (R-SC)
Grassley (R-IA)
Hatch (R-UT)
Heitkamp (D-ND)
Heller (R-NV)
Hoeven (R-ND)
Inhofe (R-OK)
Isakson (R-GA)
Johnson (R-WI)
Kaine (D-VA)
Kirk (R-IL)
Lankford (R-OK)
McCain (R-AZ)
McCaskill (D-MO)
McConnell (R-KY)
Moran (R-KS)
Murkowski (R-AK)
Murray (D-WA)
Nelson (D-FL)
Perdue (R-GA)
Portman (R-OH)
Risch (R-ID)
Roberts (R-KS)
Rounds (R-SD)
Rubio (R-FL)
Sasse (R-NE)
Scott (R-SC)
Shaheen (D-NH)
Sullivan (R-AK)
Thune (R-SD)
Tillis (R-NC)
Toomey (R-PA)
Vitter (R-LA)
Warner (D-VA)
Wicker (R-MS)
Wyden (D-OR)
 
Everyone of these traitors should be removed from office today for crimes against the state. They are actively setting up a fascist state, where the rich have all the power and we the people have none.
 
Marco Rubio and Lindsay Graham should have protestors at every single event they hold from now on calling them traitors and anyone stupid enough to be supporting them should be treated accordingly.
Our president is putting people like Manning in prison for highlighting wrongdoing, making Ed Snowden flee to Russia for exposing high crimes and may have had one of the alphabet agencies kill investigative reporter Mike Hastings by hacking his car and driving him into a tree.
 
So what we can we do? Protest. Yeah that didn't work so well anywhere as Occupy Wall St was broken apart and current rallies against black violence has only had a limited effect. Voting sure seems to be worthless as no matter which side we put into office, the little guy gets screwed.
 
The only avenue left for us is violence which is probably not going to work either. But much like the Greeks are seeing, what choice do we have left. When peaceful protests in impossible, violent revolution is inevitable. When the TPP comes to light and people see how far we have been sold out by our so called leaders, riots and targeted assassinations may become the norm, neither of which I really want to see as the end results of any of that is iffy at best to work in our favor. But chaos may be all we have left to stop the march of fascism that is coming to our shores one vote at a time.
The best bet we have is to vote for Bernie Sanders in 2016, vote out of office the above sixty traitors and treat anyone you know who supports them to a good beating for being an asshole, traitor to this country. Stop being part of the problem America and for once do something better than the traitors to this country by voting in a group of people, like Iceland did and Greece is attempting to do, that will stop the corporate flow of money into our political system. The alterative is get used to being a slave, and an expendable one at that. The time for revolution is here. Let's just try to make it as little bloody as possible.
 

Monday, June 22, 2015

OSCARS 2015 REVIEWED: WHICH NOMINESS WERE CORRECT AND WHICH SHOULD NEVER HAVE SEEN THE LIGHT OF DAY!

Well it only took six months but I have now seen almost every picture up for an award last year and here is my report on who was deserving and what was nonsense. It was a good day to do this as stock markets are up world wide in the unrealistic hope that Greece will come to their senses, even though talks broke down again today. God, people are dumb. So instead of that level of stupidity, I thought it would be much more fun to write about how stupid some films were that were voted in last Oscars.

BEST PICTURE:

American Sniper- Clint Eastwood is one of the best directors working today and he's a million years old, bucking the trend that many directors find themselves as they get older and getting worse at their craft (Steven Spielberg I am talking about you). This film was well deserving of all the acolytes it got, and was a true bio-pic encompassing Chris Kyle's whole life from childhood on which helped you really understand who the character was. The ads were somewhat misleading making it seem much more dramatic than it was with many scenes more Call of Duty than Coming Home, which didn't affect BO so what do I know. However, had the action scenes been stressed more than the drama I thought it was, I would have seen it in the theater. But all in all, a best picture nominee for sure.

The Imitation Game- Benedict Cumberbatch was brilliant in this film about Alan Turing and how he helped break the enigma code only to be thrown away when his homosexuality was revealed. This was a toss up and, to be honest, as good as it was, I don't think it was Oscar deserving for best picture. Better films came out than this, but it was at the same time an impressive work and remain on the fence as to it's nomination.

Selma- This film, plain and simple, sucked. It was not well directed. It was not well plotted. It was a liberal, knee jerk reaction to have some black picture in the ranks when it clearly didn't belong. I hate, really hate, these kind of bio-pics. I would have liked to have seen MLK's childhood and upbringing, to see how he became this electric figure instead of this one part of his life, that while very significant, told me nothing about the man, just the situation he was in. A far better bio-pic this year, with a solid black cast, was Get On Up, about James Brown. That was a great movie and far more deserving than this rather dull film. I put this with other Oscar nominated pics like Lincoln and the Aviator which only focused on a narrow window rather than showing us the whole picture. These types of movie really need to stop and definitely have no place in the Oscar ranks.

The Theory of Everything- Here is a bio-pic that deserved all the awards it got. Eddie Redmayne was electric as Stephen Hawking that again, was a real bio-pic, showing him from the beginning of his career on, rather than just focusing on the moment he found out he was sick. We really got to know what Hawking was about and Redmayne nailed his performance. This was hands down, one of the best movies of the year.

Boyhood- I am not a huge Richard Linkletter fan and I really don't like Ethan Hawke, which is why I was really surprised how great this movie was. Filmed over 12 years, it followed the growing up of a child to adulthood in real time. Patricia Arquette nailed the mom role, Ethan Hawke was good for once and other than the way too long run time of 3 hours (a half hour of this could have been cut easily), this was a great movie that will resonate for some time.

The Grand Budapest Hotel- To say I hated every minute of this pretentious waste of time would be an understatement. There was nothing likeable about this film other than the look of it, which was gorgeous. The film itself was just awful with this being the last Wes Anderson film I will ever watch. I have yet to meet anyone who really liked this film, with many agreeing with me that it sucked hard. This not only had no business being up for Oscar's, it should have been up for some Razzie's. If this is passes for humor with the elite crowd, they need to get out more. Avoid at all costs.

Whiplash- Without a doubt, the most surprising film on the list for me. I expected it to be good, but not great, when I first watched it and boy was I wrong. This film was electric in a way that few other films on this list could have been with JK Simmons giving the performance of his career and Miles Teller, a rather obnoxious protagonist but still likeable in his own way, showing real skill. Anyone who watches this will remember the line "Are you rushing or are you dragging?" forever.

Birdman- Hands down the best picture of the year. No film soared (pun intended) like this with Michael Keaton fabulous as a washed up actor who may by insane or may really have super powers as he puts on a risky play to salvage his career. Shot in one long take (or the appearance of one ala  Rope style) made this movie that much better than any other last year. A must see for film fans.

FILMS THAT MISSED THE CUT- Guardians of the Galaxy, Captain America, Snowpiercer, Get on Up, The Lego Movie, John Wick, Gone Girl, Draft Day, Interstellar, Still Alice and Top Five.

Best Actor

Steve Carell- Foxcatcher- The movie was mediocre at best, with yet another film too focused on a single part of the story and not the whole thing. Why would you not explore a billionaire's fate who would die behind bars? But Carell was fantastic in this role and deserved the spot.

Benedict Cumberbatch- Better role than movie, but again, well deserved.

Bradley Cooper- A tough role to play and Cooper nailed it. Great movie, great role.

Eddie Redmayne- Deserved to win, hands down.

Michael Keaton- The only real threat to Redmayne, Keaton was brilliant but lost by a hair.

David Oweloyo can shut the hell up about not being nominated because these five were just better.

Best Actress-

Marion Cotillard- She had no business being here in a film seen by all of two people. I like her a lot but this nomination was just sad as other far more deserving actresses got shunned instead.

Reese Witherspoon- Wild was another mediocre film and this was not one of her best roles or performances. Unlike the Best Actor nominees, there were some real head scratchers here.

Rosamund Pike-The only nomination for the overlooked Gone Girl, Pike was fantastic in this femme fatale role that some loved, other like my fiancée hated, because SPOILER ALERT, she is one evil bitch who gets away with it at the end. I loved this movie and the part however.

Felicity Jones- Playing the harried wife of Hawking, Jones did an amazing job in this part and deserved her nomination.

Julianne Moore- Hands down, the best performance for the females as a sufferer of early onset Alzheimer's. Great job.

So there are the major awards. JK Simmons and Patricia Arquette both were well deserving for their wins in the supporting categories and Big Hero 6 deserved its win for best animated feature.

I would like to see a limit on the amount of dramas that get nominated every year because this year was just sad with several films on the best picture list that shouldn't have been there, even though one was a "comedy" even though it was NOT funny. Oscar organizers are talking about going back to just five nominees as instead of pictures that should have been nominated, and there were a lot, the voters instead went even deeper into dramas that few saw or even cared about. Let us hope that next year see some diversity and I don't mean just the color of the people nominated.