I'm calling it. As of June 5th, the United States as we know it died of rampant greed, abject stupidity, and a chilling loss of anything resembling common sense. How did this happen? How did the American people become so fat and stupid that they have become willing to entertain ANY idea no matter how retarded and self destructive that idea may be. In the past few days alone, we have said unions suck, pensions are a lost cause, Romney/Obama will be the devil/savior, and mankind has only existed for 10,000 years. God help us all.
And yes, I believe in God just not that psychotic douchebag that most religions worship. Think Yin/Yang and power that is beyond our understanding to get some idea of where I'm coming from. Meanwhile, other lesser men and women fight over whose imaginary friend is more powerful. Once upon a time, mankind thought the Sun was god or Odin or Ra or countless others that are no longer relevant. Religion has made us stupid and it really needs to go away at this point. Can't we be spiritual instead of religious and stop killing each over something that does not exist, at least not as most people's simplistic minds can comprehend the question?
And there lies the rub. Most people alive today don't posses the brain power to blow their nose let alone have complex thoughts. Fox News and the conservative propaganda machine, which technically has been illegal since laws passed in 1943 and 1948 explicitly outlaws such behavior, have brainwashed the idiot masses into believing that Social Security is a ponzi scheme, the Occupy Movement was mostly a bunch of lazy hippies, pensions are unsustainable, 401ks are awesome replacements for that lost pension, individual mandates are evil incarnate, our health care system is perfect and doesn't need fixing, larger classrooms don't affect learning ability, unions are communists, and the only way to fix the economy is to give all of our money to rich people so that they may in return offer us a terrible job that pays nothing which we should be happy to have.
All of the above would be bad enough if there weren't tens of millions of morons who believe everything I wrote above is true. These are the same Rhodes scholars who say Obama wasn't born in this country because the badly photographed picture they saw online shows signs of "tampering." They follow that with line after line of meaningless garbage that anyone who actually knows anything about the subject knows they are talking out of their ass and aren't really an expert on anything, just a blowhard with a basic knowledge of typing skills and an encyclopedia.
Need more proof how screwed we are? There are countless tapes out there of people going out into the world with a camera and a microphone and asking the easiest questions about history, science or politics to the general public and none of them can answer 90% of them. Stuff like "Who is the current Vice President?" or "What year did the Revolutionary War start?" and it's blank stares and open mouth time. Incredible.
Look at Wisconsin. People there said Walker improved the state by getting a surplus into the budget (which we did by destroying people's lives and livelihood), so they said keep it up, we like living in near poverty and voted him back him. The democrats all but abandoned the state as Obama's record in Union support has been spotty at best, mainly because he now HAS to have corporate money to compete thanks to the Citizen United ruling, one of the last gasps of democracy dying with that awful law. As corporations don't want unions the democrats are going to say "goodbye" to them in return for money from big banks and big business in general.
The end result of this means your vote no longer matters ultimately. With the Teatards leading the charge of our plunge over the cliff and the greedy politicians rubbing their hands with glee, we have all but guaranteed the demise of the once mighty US. We can't vote Republican as all social entitlement programs will disappear for being "unsustainable" over the next four years. We can't vote Democrat as their policies, while not as severe as the GOP, will still lead to a fascist dictatorship, a role we are rapidly heading toward. Don't believe me? That's how most fascist states begin. A demagogue is voted into office, some "tragedy" occurs, rights are repealed, elections are called off to deal with the issues and voila, it's Nazi Germany all over again.
Much like Europe, we are headed for a big disaster and the idiot public is all for it. If the GOP wins this fall, and they just might as the Teatards have all but given up on common sense or reasoning of any sort, expect austerity measures, loss of entitlement programs and misery in general. The United States is dead. Welcome to the Corporate States of America, a country for the corporations, of the corporations and by the corporations. Slavery has returned and we have demanded it upon ourselves. It has been a sad day for the loss of America as we know it. We are going to need one hell of shovel to bury her.
Thursday, June 7, 2012
Wednesday, June 6, 2012
STOCK MARKET FRAUD UNCOVERED. PROOF OF MASSIVE RIGGING.
For a long time now, I have been watching the stock market behave in ways that defy explanation. As a result, some high powered hedge fund managers have jumped ship, claiming that as the stock market is no longer based in reality, it was impossible to advise their clients on how to proceed. Even the MSM has been forced to cover this when an executive with Goldman Sachs revealed just that before he quit, which had zero impact on any sort of investigation from our worthless government.
But until last week I had not realized what exactly was going to down until JP Morgan all but spilled the beans with a blatant manipulation of the silver market when they dumped 500,000 ounces of silver driving the price down an entire dollar, a lot for the commodity. At the same time, JP Morgan was betting heavily on short selling of the same commodity, meaning they drove the price down on purpose, and while they lost some money on the silver sale, they more than made up for it on the derivative side. Years ago, I said that if people can bet on losing money, then someone with enough money and influence could manipulate the market to make sure the commodity does just that, making them a lot of money in the process. This is a sure fire way to destroy the economy. How exactly are they doing it?
That's easy. High speed computers, which now make 70-80% of all stock trades, are engaged in something known as fractional trading. The computers are making millions of transactions every second, buying them for a few moments at best, and making pennies off of each trade. This doesn't sound like much until you realize they are doing this hundreds of millions of times each day which is why some investment firms haven't lost money in years as the payoff can be very high. Add to this the fact that the computers can be programmed to buy twice as much as they sell for a set period of time and drive the price up as a result. When it gets to a preprogrammed point, the process reverses and people still buying when the sell off starts gets burned. This is what happened with Facebook stock.
This is dangerous because at this point greed is everywhere and sooner or later, someone is going to do something that could crash the whole system, like JP Morgan's 7 billion plus derivative fiasco. We have offset this crap with low interest rates and treasury bond sales, both of which are reaching the limit of their potential. Treasury bonds are all the rage as the Euro implodes and stocks react wildly to nothing, as the derivative market now controls their actions more than economics. But Treasury bonds are ultimately a losing bet. Everyone who purchases a Treasury bond is purchasing a depreciating asset not to mention the fact that the capital risk of investing in Treasuries is very high. The low interest rate means that the price paid for the bond is very high. When interest rates rise, which is inevitable, this will lower the worth of bonds and cause capital losses on bond holders, both domestic and foreign.
As high-frequency trades now account for 70-80% of all equity trades, the result is death for traditional investors, who are leaving the stock market. They end up in Treasuries, as banks have interest rates as closer to zero as possible, and 10-year Treasuries will pay about 2%, which means, that they are losing 1-8% of their capital each year, depending on which rate of inflation you which to look at, real versus imagined. Treasuries are at least guaranteed a rate of return but, the investor is still ultimately losing money that could have been used to build capital, a fact that is why there are no jobs being created anymore as capital is all but gone from everyone except the 1% and their capital is being used on the derivative market to make billions, perhaps trillions.
With the precious metal market, companies like JP Morgan do not even have to prove they have the silver or gold they are betting against. It is taken on faith and explains why companies like this have far more precious metals on the books than they actually have. Must be nice to bet with money you don't have. Try going to any casino on Earth and see how that works out for you.
How long this continue depends on how long the powers that be can keep those spinning plates spinning. From all indications, those plates are starting to look awfully wobbly. The derivative market is a bubble waiting to burst, a bubble as high as $1.3 quadrillion dollars. Here's a link to the Comptroller of Currency
http://www.occ.treas.gov/topics/capital-markets/financial-markets/trading/derivatives/dq411.pdf
In this file we see that the five largest banks hold 95.7% of all derivatives which is at least $226 trillion dollars. J.P Morgan has total assets of $1.8 trillion but holds $70 trillion in derivative bets. A few bad bets and JP Morgan is toast with that possible loss ratio. Worse, JP Morgan only has $136 billion in risk based assets or 516 times the capital it actually has. Goldman Sachs is even worse. That bank has $44 trillion in derivative bets covered only by $19 billion in risk based assets or 2,295 times what it has in capital. Incidentally, all of these loses are now covered by FDIC rules meaning if they go bust, so does your bank account, IRA, stock portfolio and any other form of money in the system. Even your safety deposit box would be confiscated according to DHS rules as well as certain gold and silver confiscation.
Is there a solution? Yes. First, kill the derivative market and tell anyone that bet on it too bad. As the money only exists in cyberspace anyway, it would have little to no impact on world markets. Yes the 1% would scream bloody murder but fuck them. Then to get our debt under control tell the Fed the same thing about not paying the interests on our debt and viola, another 7 trillion off the books. These are common sense steps to fix our economy in a world where we don't have any.
A recent poll said almost half the country believes in creationism and that mankind is only 10,000 years old or less. As Scott Walker convinced these same retards that we don't need unions or good pay and get re-elected, I am less than optimistic about our future.
But until last week I had not realized what exactly was going to down until JP Morgan all but spilled the beans with a blatant manipulation of the silver market when they dumped 500,000 ounces of silver driving the price down an entire dollar, a lot for the commodity. At the same time, JP Morgan was betting heavily on short selling of the same commodity, meaning they drove the price down on purpose, and while they lost some money on the silver sale, they more than made up for it on the derivative side. Years ago, I said that if people can bet on losing money, then someone with enough money and influence could manipulate the market to make sure the commodity does just that, making them a lot of money in the process. This is a sure fire way to destroy the economy. How exactly are they doing it?
That's easy. High speed computers, which now make 70-80% of all stock trades, are engaged in something known as fractional trading. The computers are making millions of transactions every second, buying them for a few moments at best, and making pennies off of each trade. This doesn't sound like much until you realize they are doing this hundreds of millions of times each day which is why some investment firms haven't lost money in years as the payoff can be very high. Add to this the fact that the computers can be programmed to buy twice as much as they sell for a set period of time and drive the price up as a result. When it gets to a preprogrammed point, the process reverses and people still buying when the sell off starts gets burned. This is what happened with Facebook stock.
This is dangerous because at this point greed is everywhere and sooner or later, someone is going to do something that could crash the whole system, like JP Morgan's 7 billion plus derivative fiasco. We have offset this crap with low interest rates and treasury bond sales, both of which are reaching the limit of their potential. Treasury bonds are all the rage as the Euro implodes and stocks react wildly to nothing, as the derivative market now controls their actions more than economics. But Treasury bonds are ultimately a losing bet. Everyone who purchases a Treasury bond is purchasing a depreciating asset not to mention the fact that the capital risk of investing in Treasuries is very high. The low interest rate means that the price paid for the bond is very high. When interest rates rise, which is inevitable, this will lower the worth of bonds and cause capital losses on bond holders, both domestic and foreign.
As high-frequency trades now account for 70-80% of all equity trades, the result is death for traditional investors, who are leaving the stock market. They end up in Treasuries, as banks have interest rates as closer to zero as possible, and 10-year Treasuries will pay about 2%, which means, that they are losing 1-8% of their capital each year, depending on which rate of inflation you which to look at, real versus imagined. Treasuries are at least guaranteed a rate of return but, the investor is still ultimately losing money that could have been used to build capital, a fact that is why there are no jobs being created anymore as capital is all but gone from everyone except the 1% and their capital is being used on the derivative market to make billions, perhaps trillions.
With the precious metal market, companies like JP Morgan do not even have to prove they have the silver or gold they are betting against. It is taken on faith and explains why companies like this have far more precious metals on the books than they actually have. Must be nice to bet with money you don't have. Try going to any casino on Earth and see how that works out for you.
How long this continue depends on how long the powers that be can keep those spinning plates spinning. From all indications, those plates are starting to look awfully wobbly. The derivative market is a bubble waiting to burst, a bubble as high as $1.3 quadrillion dollars. Here's a link to the Comptroller of Currency
http://www.occ.treas.gov/topics/capital-markets/financial-markets/trading/derivatives/dq411.pdf
In this file we see that the five largest banks hold 95.7% of all derivatives which is at least $226 trillion dollars. J.P Morgan has total assets of $1.8 trillion but holds $70 trillion in derivative bets. A few bad bets and JP Morgan is toast with that possible loss ratio. Worse, JP Morgan only has $136 billion in risk based assets or 516 times the capital it actually has. Goldman Sachs is even worse. That bank has $44 trillion in derivative bets covered only by $19 billion in risk based assets or 2,295 times what it has in capital. Incidentally, all of these loses are now covered by FDIC rules meaning if they go bust, so does your bank account, IRA, stock portfolio and any other form of money in the system. Even your safety deposit box would be confiscated according to DHS rules as well as certain gold and silver confiscation.
Is there a solution? Yes. First, kill the derivative market and tell anyone that bet on it too bad. As the money only exists in cyberspace anyway, it would have little to no impact on world markets. Yes the 1% would scream bloody murder but fuck them. Then to get our debt under control tell the Fed the same thing about not paying the interests on our debt and viola, another 7 trillion off the books. These are common sense steps to fix our economy in a world where we don't have any.
A recent poll said almost half the country believes in creationism and that mankind is only 10,000 years old or less. As Scott Walker convinced these same retards that we don't need unions or good pay and get re-elected, I am less than optimistic about our future.
Tuesday, June 5, 2012
SMALL GLIMMER OF HOPE AS ECONOMIC COLLAPSE AND WAR LOOMS NEAR
As someone who actually gets paid to predict the future, and am very good at it as previous posts show, the near future looks surprisingly bleak. In all my years of doing this I have never seen so many problems emerge at once, each one capable of destroying the planet. There have been some positive steps lately but I fear they are too little too late. Let's take a look at the three worst.
1)Fukishima- 20% chance of world wide destruction. Yes the crippled plant at Fukishima is STILL pumping out radiation and chances are very good that substantial part of the Japanese population are going to come down with some form of cancer, especially the very young or very old. There is word that contingency plans are still being made to evacuate Tokyo if needed and an estimated of 30% of the population getting cancer by 2020. On top of that, the West Coast is also being hit with radiation, that contrary to what the government is telling is, is not okay and is very dangerous to small children. The real problem here is if reactor number 4 implodes which will spread lethal forms of radiation across the Northern Hemisphere, making it uninhabitable. This is still a long way from happening but worth noting.
2)War with Iran/Syria- 50% chance of world wide destruction- A much more likely scenario, especially if the powers that be really want to save the world economy. Want to keep the economy afloat? Start a big war. War drums are still sounding against Syria who have decided that killing their civilian population is a great war to win favor with the world. However, the bigger problem is Iran who, contrary to some idiots within the government who keep releasing reports that they have no evidence that Iran is trying to get nukes and flies the face of all the proof we do have and reason itself, is sabre rattling continously. Iran wants nukes as it will make them like North Korea, someone to deal with, not attack. This scenario can only play out so far before someone goes too far and then the nukes will fly.
New sanctions are looming over Iran including an air and sea embargo this fall to completely isolate the Iranian people. The last time we tried such an action, the Cuban Missile Crisis, we almost ended the world. This time will be no different if Russia decides to run the blockade or what Iran will do in response to such a provocative act, an act that will almost certainly be considered an at of war. Obama has told the Iranians what a defeat of the current peace talks will entail. I do not think it will make any difference as countries like Turkey, Lebanon, Syria, Iran, Russia, and possibly North Korea have all banded together for a new axis power. The chance for war is quite high.
3)Economic Collapse-80% chance of world wide destruction. These are the highest odds I have ever seen for such a calamity. A growing numbers of experts and statistics are showing a disaster in the making that could have been avoidable had the Republicans not been fuckwads, the democrats spineless and the Europeans capable of reading a history book. It's been a perfect storm of stupidity and we are all about to pay a heavy price. This is from Prison Planet
There are rumors that vacation plans are being cancelled by high level excutives at major banks this summer in preparation for the possible economic collapse.
The Bank for International Settlements is warning that global lending is contracting at the fastest pace since the financial crisis of 2008. Unemployment in the eurozone has hit a brand new all-time record high.The government of Portugal has just announced that it will be bailing out three major banks. Many U.S. banking stocks are being hit extremely hard. For example, Morgan Stanley stock has declined by 40 percent over the past four months. Yields on Spanish debt and yields on Italian debt have been absolutely soaring. 10 year U.S. Treasury notes hit a record low on Friday because investors are scared and they are looking for safety. The following is from a recent USA Today article….
Former Italian Prime Minister Silvio Berlusconi is warning that Italy may have to take drastic actions if something is not done soon….
None of this is good news, except for one tidbit that offers a small glimmer of hope. Germany has finally realized that their butt is on the line like everyone else's and has signaled a willingness to change the EU rules to allow a more centralized banking structure. Germany has been against this because it will affect them greatly monetarily but with the collapse of the Euro looming, they seem more willing to at least approach the idea. I can only hope they do something before it is too late, although I admit to being less than optimistic as human kind has shown a propensity toward doing the dumbest things possible. Just look at the tie between Walker and his opponent or people voting for the GOP in general. Anyone voting for a Republican anything is voting for European austerity measures and we have all seen how well they do not work. Nothing smarter than doing something we can all agree will never work.
Obama is just as bad as a new poll says 75% of the country wants the government to lay off medical pot busts. This subject crosses party lines, race, religion and sex. Yet, neither side is willing to even entertain the idea meaning that the views of the majority don't matter when big money is on the line. This issue could end Obama's chances and yet he blindly continues on as polls show he is slipping hard on this issue. If you ever needed a bigger example of how our democracy is dead, as the VOTERS have said they want medical marijuana in quite a few states, yet the feds keep arresting people because they say your vote doesn't matter. It won't make much difference which loser gets into office, however if the Republicans win, we will see the end of all social programs as that's what the Teatards and big business want. God help us all if that happens, although, considering how many things are going wrong right now, we may never get to that point.
Vote Walker out of office you idiots. Let's start putting people in power who care more about us then the corporate state. Unless slavery is your thing.
1)Fukishima- 20% chance of world wide destruction. Yes the crippled plant at Fukishima is STILL pumping out radiation and chances are very good that substantial part of the Japanese population are going to come down with some form of cancer, especially the very young or very old. There is word that contingency plans are still being made to evacuate Tokyo if needed and an estimated of 30% of the population getting cancer by 2020. On top of that, the West Coast is also being hit with radiation, that contrary to what the government is telling is, is not okay and is very dangerous to small children. The real problem here is if reactor number 4 implodes which will spread lethal forms of radiation across the Northern Hemisphere, making it uninhabitable. This is still a long way from happening but worth noting.
2)War with Iran/Syria- 50% chance of world wide destruction- A much more likely scenario, especially if the powers that be really want to save the world economy. Want to keep the economy afloat? Start a big war. War drums are still sounding against Syria who have decided that killing their civilian population is a great war to win favor with the world. However, the bigger problem is Iran who, contrary to some idiots within the government who keep releasing reports that they have no evidence that Iran is trying to get nukes and flies the face of all the proof we do have and reason itself, is sabre rattling continously. Iran wants nukes as it will make them like North Korea, someone to deal with, not attack. This scenario can only play out so far before someone goes too far and then the nukes will fly.
New sanctions are looming over Iran including an air and sea embargo this fall to completely isolate the Iranian people. The last time we tried such an action, the Cuban Missile Crisis, we almost ended the world. This time will be no different if Russia decides to run the blockade or what Iran will do in response to such a provocative act, an act that will almost certainly be considered an at of war. Obama has told the Iranians what a defeat of the current peace talks will entail. I do not think it will make any difference as countries like Turkey, Lebanon, Syria, Iran, Russia, and possibly North Korea have all banded together for a new axis power. The chance for war is quite high.
3)Economic Collapse-80% chance of world wide destruction. These are the highest odds I have ever seen for such a calamity. A growing numbers of experts and statistics are showing a disaster in the making that could have been avoidable had the Republicans not been fuckwads, the democrats spineless and the Europeans capable of reading a history book. It's been a perfect storm of stupidity and we are all about to pay a heavy price. This is from Prison Planet
There are rumors that vacation plans are being cancelled by high level excutives at major banks this summer in preparation for the possible economic collapse.
The Bank for International Settlements is warning that global lending is contracting at the fastest pace since the financial crisis of 2008. Unemployment in the eurozone has hit a brand new all-time record high.The government of Portugal has just announced that it will be bailing out three major banks. Many U.S. banking stocks are being hit extremely hard. For example, Morgan Stanley stock has declined by 40 percent over the past four months. Yields on Spanish debt and yields on Italian debt have been absolutely soaring. 10 year U.S. Treasury notes hit a record low on Friday because investors are scared and they are looking for safety. The following is from a recent USA Today article….
“Treasuries are at 1.46 because people are freaking out,” says Mark Vitner, senior economist at Wells Fargo Economics.New orders for factory goods in the United States have declined three times in the last four months. That is a sign that the “economic recovery” in the U.S. has clearly stalled. Economies all over the developed world are seriously slowing down right now. The following is from a recent article by Ambrose Evans-Pritchard….
Brazil wilted in the first quarter. India grew at the slowest pace in nine years. China’s HSBC manufacturing index fell further into contraction in May, with new orders dropping sharply and inventories rising.Stocks in Japan hit a 28 year low on Monday. Over the past five years, the stock markets of Greece, Spain, Italy, Portugal, Ireland and Cyprus have all fallen by more than 50 percent. Will we soon see similar results all over the rest of Europe? The Greek economy is literally shutting down. Just check out the chaos that unpaid bills are already causing….
And unpaid bills are now threatening Greece’s electricity supply. State-owned Electricity Market Operator (LAGIE), a clearing house for power transactions, hasn’t paid independent power producers for electricity it bought from them. They, in turn, haven’t paid their natural gas supplier, Public Gas Corporation (Depa), which now doesn’t have the money to pay its supplier. Payment is due on June 22. Alas, its supplier is Gazprom in Russia, and they insist on getting paid. If not, they will shut the valve, and Depa won’t get the gas to supply the independent producers, which will have to take their power plants off line, removing about a third of the country’s electricity production.It is estimated that there are 273 billion dollars of failed real estate loans in the Spanish banking system. In March, 66 billion euros was pulled out of Spanish banks and sent out of the country. That was an all-time record and that was before we even knew the results of the recent elections in Greece and France. The numbers for April and May will almost certainly be even worse. The unemployment rate in Spain is 24.4 percent and for those under the age of 25 it is over 50 percent.
Former Italian Prime Minister Silvio Berlusconi is warning that Italy may have to take drastic actions if something is not done soon….
“People are in shock. Confidence has collapsed. We have never had such a dark future,” he said. Indeed, the jobless rate for youth has jumped from 27pc to 35pc in a year. Terrorism has returned. Anarchists knee-capped the head of Ansaldo Nucleare last month. Italy’s tax office chief was nearly blinded by a letter bomb.It now looks like Cyprus is going to be the next European nation to need a bailout. Switzerland is threatening to implement capital controls in order to stop the massive flow of money that is coming in from banks around the rest of Europe. As I wrote about the other day, World Bank President Robert Zoellick is warning that “the summer of 2012″ could end up being very similar to what we experienced back in 2008….
“If Europe refuses to listen to our demands, we should say ‘bye, bye’ and leave the euro. Or tell the Germans to leave the euro if they are not happy,” he said.
“Events in Greece could trigger financial fright in Spain, Italy and across the eurozone. The summer of 2012 offers an eerie echo of 2008.”Germany’s former vice-Chancellor, Joschka Fischer, is warning that the entire EU could fall apart over this crisis….
“Let’s not delude ourselves: If the euro falls apart, so will the European Union, triggering a global economic crisis on a scale that most people alive today have never experienced”When was the last time that we saw so much bad economic news come out all at once?
None of this is good news, except for one tidbit that offers a small glimmer of hope. Germany has finally realized that their butt is on the line like everyone else's and has signaled a willingness to change the EU rules to allow a more centralized banking structure. Germany has been against this because it will affect them greatly monetarily but with the collapse of the Euro looming, they seem more willing to at least approach the idea. I can only hope they do something before it is too late, although I admit to being less than optimistic as human kind has shown a propensity toward doing the dumbest things possible. Just look at the tie between Walker and his opponent or people voting for the GOP in general. Anyone voting for a Republican anything is voting for European austerity measures and we have all seen how well they do not work. Nothing smarter than doing something we can all agree will never work.
Obama is just as bad as a new poll says 75% of the country wants the government to lay off medical pot busts. This subject crosses party lines, race, religion and sex. Yet, neither side is willing to even entertain the idea meaning that the views of the majority don't matter when big money is on the line. This issue could end Obama's chances and yet he blindly continues on as polls show he is slipping hard on this issue. If you ever needed a bigger example of how our democracy is dead, as the VOTERS have said they want medical marijuana in quite a few states, yet the feds keep arresting people because they say your vote doesn't matter. It won't make much difference which loser gets into office, however if the Republicans win, we will see the end of all social programs as that's what the Teatards and big business want. God help us all if that happens, although, considering how many things are going wrong right now, we may never get to that point.
Vote Walker out of office you idiots. Let's start putting people in power who care more about us then the corporate state. Unless slavery is your thing.
Monday, June 4, 2012
WALKER RECALL, UNION BASHING AND OTHER THINGS THAT MAKE ME LOATHE REPUBLICANS
I have had it with uneducated, uninformed Teatards blaming unions and liberals for problems caused almost exclusively by Republican ideals over the past forty years. This is not to say that the liberals don't have certain issues that they could be held accountable for, such as the rise of the nanny state and overbearing political correctness, but at least they aren't screaming like babies at the top of their lungs about it.
Make no mistake about it, anyone voting for Scott Walker in tomorrow's election is a traitor to this country, a fool voting against their own self interests, and, had I lived anywhere near that state, there would be a sudden rash of house burnings for anyone dumb enough to put a support Scott Walker sign in his front yard. You assholes want blatant hostilely, here it is. Get your gun, put it in your mouth and shoot yourself already because you are too stupid to live.
What part of unions are ultimately good for the average worker do you not get? You have been manipulated by big business to get rid of every safeguard we have ever had so we can be fired for any reason, paid slave wages, eliminated any chance for things like sick days or even fair vacation time, yet you still bleat like a fatted cow about how unions are ruining the world. Open a fucking book once a while you illiterate dumbasses.
If it wasn't for unions things would be far worse than they are and something the Neo-robber Barons are actively seeking. And much like the Nazi party had their supporters in 1936, we have own brand of retards seeking similar actions. This cannot be made to stand anymore for the loss of our country is at hand and these fuckwads are leading the charge. As I have said many times before, Hitler was elected. Every single person who cast that ballot is as guilty as the death camp guards for leading us into war and the death of millions of Jews.
Now, in all fairness, yes some unions have way too much pull such as the idiotic rule that postal workers can never be fired, cops who can retire at three times their working salary, terrible teachers working due to tenure rules and other injustices. But these are all things that we can fix. Instead you want to throw out the baby with the bath water. Scott Walker and all GOP cronies need to go, as well as any Democrats not serving out calls for change. Thanks to the GOP and Citizen's United that is going to be a tall order. Money from all over is flooding the state and the witless democrats are staying far far away in case things go south which they very well might. Such a victory for Walker would be a blow to fair rights for any citizen and should be seen as call to action against the Tea Party at that point. We are reaching that point where peaceful protests are impossible and as John Kennedy said when that happens, violent revolution is inevitable.
We need more unions, not less. We need better worker protection such as the elimination of the idiotic right to work law that allows companies to fire anyone for any reason and good luck proving otherwise. We need mandated sick days, a guaranteed livable wage from every employer and a government looking out for the average citizen and not the corporations.
I hate to break it all you Republicans and Teatards out there but the GOP is almost wholly responsible for the decline in the standard of living for the last forty years. I would also like to point out that all those Tea Party politicians you put into office two years ago have done absolutely nothing to balance the budget except by trying to eliminate things like Social Security, Medicare, Unemployment, Food Stamps while increasing our already bloated military budget and keeping the endless wars going. We can never fix things here if this is the way they want to do it. Unless you think turning out like Greece and Spain is where you want to us to head toward.
Incidentally, much like those countries, our under twenty five unemployment rate is over fifty percent. That's right, more than half of people under twenty five do not have a job. That is how societies fall.
This is from Zero Hedge:
We don’t know exactly what is to come, but we can all join the very few dots from where we are now, to the collapse of the first major bank…
With very limited room for government bailouts, we can very easily join the next dots from the first bank closure to the collapse of the whole European banking system, and then to the bankruptcy of the governments themselves.
There are almost no brakes in the system to stop this, and almost no one realises the seriousness of the situation.
The problem is not Government debt per se. The real problem is that the $70 trillion in G10 debt is the collateral for $700 trillion in derivatives…
Yes, that equates to 1200% of Global GDP and it rests on very, very weak foundations
From an EU crisis, we only have to join one dot for a UK crisis of equal magnitude.
And then do you think Japan and China would not be next?
And then do you think the US would survive unscathed?
That is the end of the fractional reserve banking system and of fiat money.
1- JPM will be bailed out again but it will not stop the coming market crash. More details will emerge about their derivative swap failure $150 billion and counting.
2-BOA (BAC Bank of America) will fold and be absorbed into JPM as a way to prop up the bleeding Giant. JPM will get the best picking of this deal just like they got with Bear Stearns.
3- Massive layoffs at Citigroup and Wells Fargo
4- Goldman Sachs finally pays the piper, look for massive cuts there as well as BIG Losses
5- Bond market bust which leads to freeze of all bond sales
6- Derivative bust the next one will be BOA followed by Citigroup
7- All CDS shorts and swaps will freeze.
8- Total Meltdown
Much like everything else in this country, most people have only the most limited understanding when it comes to just about anything and the derivative market is so complicated most don't understand it. It took me years of reading about the topic to even have a base understanding of it. What it boils down to is a way to gamble on the ups and downs of the market so money can be made even if the market tanks. What this also means is that if someone is betting against the dollar or gold or any commodity, it is in their best interest for it to fail and if someone has enough money and pull, they can actually make it happen. This is surefire way to destroy any society and should never have been allowed in the first place. The unregulated derivative market is a bubble waiting to burst and, when it does as all bubbles do, it will swamp the world economy.
A meltdown is coming and if we are not careful, people like Scott Walker and the GOP will filling those death camps we built with Muslims, Russians and probably people like me. In the interests of my own self preservation, I am going to be even more forceful against any Republican I come across and demand they defend their positions or face my wrath. The stake of the country is at hand and we can no longer just sit by and do nothing. For all of you reading this out there I encourage you to do the same. This is not a call for violence, but a call to start getting angry. The alternative is to go out to the curb, lay down and wait to die.
Make no mistake about it, anyone voting for Scott Walker in tomorrow's election is a traitor to this country, a fool voting against their own self interests, and, had I lived anywhere near that state, there would be a sudden rash of house burnings for anyone dumb enough to put a support Scott Walker sign in his front yard. You assholes want blatant hostilely, here it is. Get your gun, put it in your mouth and shoot yourself already because you are too stupid to live.
What part of unions are ultimately good for the average worker do you not get? You have been manipulated by big business to get rid of every safeguard we have ever had so we can be fired for any reason, paid slave wages, eliminated any chance for things like sick days or even fair vacation time, yet you still bleat like a fatted cow about how unions are ruining the world. Open a fucking book once a while you illiterate dumbasses.
If it wasn't for unions things would be far worse than they are and something the Neo-robber Barons are actively seeking. And much like the Nazi party had their supporters in 1936, we have own brand of retards seeking similar actions. This cannot be made to stand anymore for the loss of our country is at hand and these fuckwads are leading the charge. As I have said many times before, Hitler was elected. Every single person who cast that ballot is as guilty as the death camp guards for leading us into war and the death of millions of Jews.
Now, in all fairness, yes some unions have way too much pull such as the idiotic rule that postal workers can never be fired, cops who can retire at three times their working salary, terrible teachers working due to tenure rules and other injustices. But these are all things that we can fix. Instead you want to throw out the baby with the bath water. Scott Walker and all GOP cronies need to go, as well as any Democrats not serving out calls for change. Thanks to the GOP and Citizen's United that is going to be a tall order. Money from all over is flooding the state and the witless democrats are staying far far away in case things go south which they very well might. Such a victory for Walker would be a blow to fair rights for any citizen and should be seen as call to action against the Tea Party at that point. We are reaching that point where peaceful protests are impossible and as John Kennedy said when that happens, violent revolution is inevitable.
We need more unions, not less. We need better worker protection such as the elimination of the idiotic right to work law that allows companies to fire anyone for any reason and good luck proving otherwise. We need mandated sick days, a guaranteed livable wage from every employer and a government looking out for the average citizen and not the corporations.
I hate to break it all you Republicans and Teatards out there but the GOP is almost wholly responsible for the decline in the standard of living for the last forty years. I would also like to point out that all those Tea Party politicians you put into office two years ago have done absolutely nothing to balance the budget except by trying to eliminate things like Social Security, Medicare, Unemployment, Food Stamps while increasing our already bloated military budget and keeping the endless wars going. We can never fix things here if this is the way they want to do it. Unless you think turning out like Greece and Spain is where you want to us to head toward.
Incidentally, much like those countries, our under twenty five unemployment rate is over fifty percent. That's right, more than half of people under twenty five do not have a job. That is how societies fall.
This is from Zero Hedge:
- Bonds will be stuck at 1% in the US, Germany, UK and Japan (for this phase).
- The whole bond market will be dead.
- Short selling on bonds – banned
- Short selling stocks – banned
- CDS – banned
- Short futures – banned
- Put options – banned
1- JPM will be bailed out again but it will not stop the coming market crash. More details will emerge about their derivative swap failure $150 billion and counting.
2-BOA (BAC Bank of America) will fold and be absorbed into JPM as a way to prop up the bleeding Giant. JPM will get the best picking of this deal just like they got with Bear Stearns.
3- Massive layoffs at Citigroup and Wells Fargo
4- Goldman Sachs finally pays the piper, look for massive cuts there as well as BIG Losses
5- Bond market bust which leads to freeze of all bond sales
6- Derivative bust the next one will be BOA followed by Citigroup
7- All CDS shorts and swaps will freeze.
8- Total Meltdown
Much like everything else in this country, most people have only the most limited understanding when it comes to just about anything and the derivative market is so complicated most don't understand it. It took me years of reading about the topic to even have a base understanding of it. What it boils down to is a way to gamble on the ups and downs of the market so money can be made even if the market tanks. What this also means is that if someone is betting against the dollar or gold or any commodity, it is in their best interest for it to fail and if someone has enough money and pull, they can actually make it happen. This is surefire way to destroy any society and should never have been allowed in the first place. The unregulated derivative market is a bubble waiting to burst and, when it does as all bubbles do, it will swamp the world economy.
A meltdown is coming and if we are not careful, people like Scott Walker and the GOP will filling those death camps we built with Muslims, Russians and probably people like me. In the interests of my own self preservation, I am going to be even more forceful against any Republican I come across and demand they defend their positions or face my wrath. The stake of the country is at hand and we can no longer just sit by and do nothing. For all of you reading this out there I encourage you to do the same. This is not a call for violence, but a call to start getting angry. The alternative is to go out to the curb, lay down and wait to die.
Sunday, June 3, 2012
DOUCHEBAG OF THE WEEK: VLADIMIR PUTIN
Russia has almost singlehandedly guaranteed a massive war to erupt at any time. Let's see those runner ups.
1)Eric Holder- How this ass still has his job is anybody's guess. Under President Obama (more on him later) and this moron, we have seen NO prosecutions of any bank leaders, lost thousands of guns in the badly thought out Fast and Furious Program, has told Congress not to bother with any questions about it because he's not answering, and is part of the revolving door between banks and government as at least two of his senior staff have gone from the Justice Department back to law firms that represent big banks. We have had more than two decades of TERRIBLE Attorney Generals and each one gets a little worse. When you can out douche Albert Gonzales or Janet Reno, you know you've made a wrong turn somewhere. This fuckwad should have been fired, if not brought up on charges, years ago.
2)Janet Napalitano- Another worthless bitch, this man in drag is turning the DHS into a full blown Gestapo unit. Under her "wise" leadership we now have armed TSA agents everywhere, including highways, train stations and even sporting events, a stockpile of illegal hollow point bullets that could shoot every single person in the this countrythree times, the planned takeover of the US Park Service, and many other tentacles that are rapidly encombing the entire nation. We are facing a real coup de tat in this country where the elites will have complete control over us all. In North Carolina this week, mysterious cameras started showing up everywhere and when people ask who is putting them up, the local governments all say "no comment." Add drones they want to fly over the US and pretty soon we will all be living in the world's largest prison.
3)Obama- If the presidential race was a fight, I'd swear Obama was taking a dive. In the past few weeks his numbers have plummeted in key states and is no longer the shoo in he was. The worst part it is all his own actions that have killed his numbers. First, the ATF, with his permission, is seeking to ban all shotguns that hold more than five rounds. Nevermind the fact that these types of guns are used by hunters, competitive sportsman and for self defense, Obama has said to hell with them. The NRA has done a full court press on this and, predictably, his numbers are falling. If this ban passes, I will not vote for Obama as this is a line in the sand I am not willing to cross. Not that Romney will get my vote either but Kermit the Frog is looking really good with his "It's not easy being green," campaign. Obama seems to have missed the memo that the main reason Gore lost in 2000 was his anti-gun stance, something a lot of us do not support. On top of that, Obama broke yet ANOTHER campaign promise to not go after medical marijuana by being the WORST president ever for pot rights. With Holder and Justice Department, the feds have been raiding legitimate medical establishments in states where such things are legal. First, a huge majority of people in this country want medical pot and a slim majority want it legalized outright. In swing states like Colorado, Obama is losing ground rapidly as people see his strong armed tactics against something they voted for and want as a real infringement of their rights. This issue, combined with the gun ban, could make him a one term president and elect Romney in a landslide. What a schmuck.
4)Republicans- Not to be outdone on the douchebag meter, these asses keep hammering Obama on things that don't make them look that good. Where's the GOP on the gun ban? Shouldn't the party of "freedom" be for ending the drug war? Nope and Nope. They are still hammering Obama on jobs which is something he has very little control over. Not to mention the fact that Romney and jobs do not go well together as his policies put tens of thousands out of work with Bain Capital and his record for job creation in MA was 47th in the nation, behind usual stalwarts, Alabama and Mississippi. The GOP will be as bad with guns as the democrats, no matter what the NRA wants you to believe and the drug war will never end as long as our country is set up the way it is. A vote for the democrats or Republicans, for the most part, is a vote for fascism. Remember that come November.
5)Spiders- A new breed of aggressive spiders have started to swarm over several towns in India. Yet another reason NOT to go there. They sound an awful lot like the deadly tarantulas of Brazil that can leap six feet in the air. Tell me you wouldn't scream like a little girl if one of those was coming at your face?
6)Cannibalism- A lot of people got eaten this week. As a result the CDC had to release a report saying they don't believe a zombie apocalypse in upon us (neither do I). However, there was a breakout of a strange rash at several schools in Florida, and three people were eaten, so I can understand how people's minds would go there.
7)Iran- Their delay tactics are obvious to even the most liberal individual and as a result, Israel has all but said the peace talks are dead. They will go through the motions, but no one expects any progress. War looms possibly as soon as next week but most likely sometime this fall.
8)Syria-Assad has proven to be the butcher we all knew he was with the murder of dozens of Innocent people. His "cease fire" has only allowed his troops to continue shelling towns and killing people while the rebels are held back from doing anything. The worthless UN sits by and watches.
9)Kofi Anon- The absolute WORST UN leader ever is back at it, trying to broker a peace deal between Syria and the rebels. Nevermind the fact that this guy was corrupt from head to toe, having gotten caught in a food for oil scam during his rule, and was obviously anti-US from the start, he is continuing to make no progress here either. Ass.
10)Lebanon- Word is leaking out that Hezbollah is going to start moving scud missiles out of storage and toward the Israeli border. Israel said two years ago that this would be considered an act of war and would be treated as such. There is no way Israel fights Lebanon like the last war on 2006 which was almost exactly how the US has fought wars for the last forty years. Bomb a few places, declare victory without achieving anything and militarize the border. This wouldn't be so bad except see below.
11)Turkey-Almost my douchebag of the week, Turkey has made a spectacular 180 and has publicly sided now with Syria, Lebanon, Iran and Russia, making them persona no grata now. Unlike most nations on earth who have responded to the massacre of innocent civilians, including women and children, with horror, the new axis is saying "we don't care." There have been reports that the massacre was done by anti-Assad troops or even US/Israeli forces looking for an excuse to attack. Neither of these accusations seem to hold much weight though and there is no proof that this is what happened. With Turkey now siding with our enemies, should hostilities break out, people of Iranian, Lebanese, Turkish and even possibly Russia origin may see the inside of those 800 concentration camps dotting US soil.
12)Russia- Putin, the new Russian Czar, has officially decided that the world doesn't matter. Russia has vetoed another resolution against Syria, said any attack against Iran or Syria will involve Russia and is all but guaranteeing a nuclear war at this pace. All this because he wants to sell weapons to people who hate us, and if we lose, will turn their guns against his regime next. Not exactly the most forward thinker out there. So congratulations Putin, you are douchebag of the week.
1)Eric Holder- How this ass still has his job is anybody's guess. Under President Obama (more on him later) and this moron, we have seen NO prosecutions of any bank leaders, lost thousands of guns in the badly thought out Fast and Furious Program, has told Congress not to bother with any questions about it because he's not answering, and is part of the revolving door between banks and government as at least two of his senior staff have gone from the Justice Department back to law firms that represent big banks. We have had more than two decades of TERRIBLE Attorney Generals and each one gets a little worse. When you can out douche Albert Gonzales or Janet Reno, you know you've made a wrong turn somewhere. This fuckwad should have been fired, if not brought up on charges, years ago.
2)Janet Napalitano- Another worthless bitch, this man in drag is turning the DHS into a full blown Gestapo unit. Under her "wise" leadership we now have armed TSA agents everywhere, including highways, train stations and even sporting events, a stockpile of illegal hollow point bullets that could shoot every single person in the this countrythree times, the planned takeover of the US Park Service, and many other tentacles that are rapidly encombing the entire nation. We are facing a real coup de tat in this country where the elites will have complete control over us all. In North Carolina this week, mysterious cameras started showing up everywhere and when people ask who is putting them up, the local governments all say "no comment." Add drones they want to fly over the US and pretty soon we will all be living in the world's largest prison.
3)Obama- If the presidential race was a fight, I'd swear Obama was taking a dive. In the past few weeks his numbers have plummeted in key states and is no longer the shoo in he was. The worst part it is all his own actions that have killed his numbers. First, the ATF, with his permission, is seeking to ban all shotguns that hold more than five rounds. Nevermind the fact that these types of guns are used by hunters, competitive sportsman and for self defense, Obama has said to hell with them. The NRA has done a full court press on this and, predictably, his numbers are falling. If this ban passes, I will not vote for Obama as this is a line in the sand I am not willing to cross. Not that Romney will get my vote either but Kermit the Frog is looking really good with his "It's not easy being green," campaign. Obama seems to have missed the memo that the main reason Gore lost in 2000 was his anti-gun stance, something a lot of us do not support. On top of that, Obama broke yet ANOTHER campaign promise to not go after medical marijuana by being the WORST president ever for pot rights. With Holder and Justice Department, the feds have been raiding legitimate medical establishments in states where such things are legal. First, a huge majority of people in this country want medical pot and a slim majority want it legalized outright. In swing states like Colorado, Obama is losing ground rapidly as people see his strong armed tactics against something they voted for and want as a real infringement of their rights. This issue, combined with the gun ban, could make him a one term president and elect Romney in a landslide. What a schmuck.
4)Republicans- Not to be outdone on the douchebag meter, these asses keep hammering Obama on things that don't make them look that good. Where's the GOP on the gun ban? Shouldn't the party of "freedom" be for ending the drug war? Nope and Nope. They are still hammering Obama on jobs which is something he has very little control over. Not to mention the fact that Romney and jobs do not go well together as his policies put tens of thousands out of work with Bain Capital and his record for job creation in MA was 47th in the nation, behind usual stalwarts, Alabama and Mississippi. The GOP will be as bad with guns as the democrats, no matter what the NRA wants you to believe and the drug war will never end as long as our country is set up the way it is. A vote for the democrats or Republicans, for the most part, is a vote for fascism. Remember that come November.
5)Spiders- A new breed of aggressive spiders have started to swarm over several towns in India. Yet another reason NOT to go there. They sound an awful lot like the deadly tarantulas of Brazil that can leap six feet in the air. Tell me you wouldn't scream like a little girl if one of those was coming at your face?
6)Cannibalism- A lot of people got eaten this week. As a result the CDC had to release a report saying they don't believe a zombie apocalypse in upon us (neither do I). However, there was a breakout of a strange rash at several schools in Florida, and three people were eaten, so I can understand how people's minds would go there.
7)Iran- Their delay tactics are obvious to even the most liberal individual and as a result, Israel has all but said the peace talks are dead. They will go through the motions, but no one expects any progress. War looms possibly as soon as next week but most likely sometime this fall.
8)Syria-Assad has proven to be the butcher we all knew he was with the murder of dozens of Innocent people. His "cease fire" has only allowed his troops to continue shelling towns and killing people while the rebels are held back from doing anything. The worthless UN sits by and watches.
9)Kofi Anon- The absolute WORST UN leader ever is back at it, trying to broker a peace deal between Syria and the rebels. Nevermind the fact that this guy was corrupt from head to toe, having gotten caught in a food for oil scam during his rule, and was obviously anti-US from the start, he is continuing to make no progress here either. Ass.
10)Lebanon- Word is leaking out that Hezbollah is going to start moving scud missiles out of storage and toward the Israeli border. Israel said two years ago that this would be considered an act of war and would be treated as such. There is no way Israel fights Lebanon like the last war on 2006 which was almost exactly how the US has fought wars for the last forty years. Bomb a few places, declare victory without achieving anything and militarize the border. This wouldn't be so bad except see below.
11)Turkey-Almost my douchebag of the week, Turkey has made a spectacular 180 and has publicly sided now with Syria, Lebanon, Iran and Russia, making them persona no grata now. Unlike most nations on earth who have responded to the massacre of innocent civilians, including women and children, with horror, the new axis is saying "we don't care." There have been reports that the massacre was done by anti-Assad troops or even US/Israeli forces looking for an excuse to attack. Neither of these accusations seem to hold much weight though and there is no proof that this is what happened. With Turkey now siding with our enemies, should hostilities break out, people of Iranian, Lebanese, Turkish and even possibly Russia origin may see the inside of those 800 concentration camps dotting US soil.
12)Russia- Putin, the new Russian Czar, has officially decided that the world doesn't matter. Russia has vetoed another resolution against Syria, said any attack against Iran or Syria will involve Russia and is all but guaranteeing a nuclear war at this pace. All this because he wants to sell weapons to people who hate us, and if we lose, will turn their guns against his regime next. Not exactly the most forward thinker out there. So congratulations Putin, you are douchebag of the week.
Saturday, June 2, 2012
WORLD COLLAPSE APPEARS INEVITABLE. ANYONE READING THIS SHOULD MAKE PREPARATIONS IMMEDIATELY
For the first time since 2008, I am issuing an an economic alert. What this means is that, according to all the data I can gleam, an economic collapse appears to be inevitable and unavoidable. This time if it goes wildly off the rails, it's going to take everyone down with it. If it was just me and few crackpots saying "the end if nigh," I'd expect none of you to take me seriously. But people like Paul Krugman, Nouriel Rubini, and World Bank chief Robert Zoellick are saying it now as well. Here's the story from the UK about the World Bank:
http://www.dailymail.co.uk/news/article-2153324/Markets-facing-rerun-Great-Panic-2008-Head-World-Bank-warns-Europe-heading-danger-zone-bleakest-day-global-economy-year.html?ICO=most_read_module
The head of the World Bank yesterday warned that financial markets face a rerun of the Great Panic of 2008.
On the bleakest day for the global economy this year, Robert Zoellick said crisis-torn Europe was heading for the ‘danger zone’.
Mr Zoellick, who stands down at the end of the month after five years in charge of the watchdog, said it was ‘far from clear that eurozone leaders have steeled themselves’ for the looming catastrophe amid fears of a Greek exit from the single currency and meltdown in Spain.
The flow of money into so-called ‘safe havens’ such as UK, German and US government debt turned into a stampede yesterday.
In Berlin the two-year government bond yield fell below zero for the first time, with the bizarre result that jittery international investors are now paying – rather than being paid – for lending to Germany.
There was a raft of dismal economic news from around the world, with manufacturing output falling in Britain and Europe, unemployment jumping in the eurozone and America, and fast-emerging economies such as Brazil and China showing signs of running out of steam.
He said: ‘Events in Greece could trigger financial fright in Spain, Italy and across the eurozone. The summer of 2012 offers an eerie echo of 2008.
‘If Greece leaves the eurozone, the contagion is impossible to predict, just as Lehman had unexpected consequences.
Fears are mounting that Spain will be crippled by its banking sector and will be the next domino to fall.
Mr Zoellick said: ‘Eurozone leaders need to be prepared to recapitalise banks. In the eurozone, the guarantees of some national sovereigns are unlikely to be sufficient and only that of the “euro-sovereign” will suffice.
‘It is far from clear that eurozone leaders have steeled themselves for this step. Eurozone leaders need to be ready.
'There will not be time for meetings of finance ministers to discuss the outlook and debate the politics.
'In panicked markets, investors flee to safe assets, sparking other flames.’
Yesterday investors scrambling for lifelines piled into German, US and UK government debt.
We know that governments are telling the people one thing and the elites something else entirely. When the government tell you not to panic, panic. With the death of the euro comes the possibility of the collapse of the derivative market. As the total value of the market is more than the entire wealth of the planet combined, total collapse is inevitable. The FDIC will be bankrupt as Bank of America and JP Morgan's derivative loss totalling over 100 trillion dollars wipes out all savings account in the country (this was completely illegal and could have been stopped had we a government that wasn't hell bent on stealing every last dollar from us). The allowing of putting derivative loss onto FDIC shoulders is one of the worst things President Obama ever did and, because of that, this country may be very different very soon.
With austerity measures all the rage, after a brief stint in anarchy, I expect a new totalitarian government to emerge as one always does in human history when such things occur. Check out the Wiemar Republic and the rise of Hitler, a scenario we are dangerously close to replicating and something Paul Krugman has been talking a lot about lately. Too bad our corporate media is more interested in telling us who Kim Kardashian is dating or that Justin Beiber walked into a wall the other day. WHO GIVES A FUCK?
Anyone reading this should start preparing for a rough time. Get weapons, especially a shotgun before the ATF starts banning them. If you don't think things are going to get bad, the government seems awfully intent on supplying themselves with huge stockpiles of ammo, bullet proof booths and banning weapons and peaceful protests. Get iodine pills for clean water. Canned food, matches, medication, outdoor gear, lumber (to seal up your house) and any other supply you think you might need. There is a better than seventy percent chance that everything is going to go tits up, possibly as soon as in a few weeks, although I still see September/October being the highest possibility for war/turmoil/collapse. War with Iran is very much a possibility still and Russia will have none of any kind of meaningful peace talks.
We are at the same point as the Cuban Missile Crisis of 1962 where the world hangs in the balance of a nuclear war. How else do you expect them to fix the economic solution? War is the only way and with Syria and Iran begging to get hit, we will do just that. Israel will wait no longer than the fall to early next year at the absolute latest to strike. A nuclear armed Iran will destroy the world quicker than attacking them now would be. With Iran able to dictate the price of oil with impunity, the world economy will likewise collapse and they wouldn't have to fire a shot. There is no chance the US or Israel will ever let them happen, nukes or no nukes, and then a nuclear war WILL occur with 100% certainty.
This will also thin the world population down, something the elites are actively trying to do and not without some good reason. There are way too many people on the planet and if we continue at this rate, we will all die eventually of some horrible new plague or starvation. If we can't cull the masses. mother nature will.
So there you have it. Expect a world collapse most likely within a few months. It is going to be very, very bad. So prepare now and at the worst, I'm wrong and you have extra things that can be used down the road. At best, you'll have enough to survive the coming collapse which will be world wide and make 2008 look like a stubbed toe. Rumor is the Greek government is already printing up reserve money and the stock market tested such an idea on the currency board yesterday as countless pictures of it appeared on line. The big boys are preparing. Should should we.
http://www.dailymail.co.uk/news/article-2153324/Markets-facing-rerun-Great-Panic-2008-Head-World-Bank-warns-Europe-heading-danger-zone-bleakest-day-global-economy-year.html?ICO=most_read_module
The head of the World Bank yesterday warned that financial markets face a rerun of the Great Panic of 2008.
On the bleakest day for the global economy this year, Robert Zoellick said crisis-torn Europe was heading for the ‘danger zone’.
Mr Zoellick, who stands down at the end of the month after five years in charge of the watchdog, said it was ‘far from clear that eurozone leaders have steeled themselves’ for the looming catastrophe amid fears of a Greek exit from the single currency and meltdown in Spain.
The flow of money into so-called ‘safe havens’ such as UK, German and US government debt turned into a stampede yesterday.
In Berlin the two-year government bond yield fell below zero for the first time, with the bizarre result that jittery international investors are now paying – rather than being paid – for lending to Germany.
There was a raft of dismal economic news from around the world, with manufacturing output falling in Britain and Europe, unemployment jumping in the eurozone and America, and fast-emerging economies such as Brazil and China showing signs of running out of steam.
He said: ‘Events in Greece could trigger financial fright in Spain, Italy and across the eurozone. The summer of 2012 offers an eerie echo of 2008.
‘If Greece leaves the eurozone, the contagion is impossible to predict, just as Lehman had unexpected consequences.
Fears are mounting that Spain will be crippled by its banking sector and will be the next domino to fall.
Mr Zoellick said: ‘Eurozone leaders need to be prepared to recapitalise banks. In the eurozone, the guarantees of some national sovereigns are unlikely to be sufficient and only that of the “euro-sovereign” will suffice.
‘It is far from clear that eurozone leaders have steeled themselves for this step. Eurozone leaders need to be ready.
'There will not be time for meetings of finance ministers to discuss the outlook and debate the politics.
'In panicked markets, investors flee to safe assets, sparking other flames.’
Yesterday investors scrambling for lifelines piled into German, US and UK government debt.
We know that governments are telling the people one thing and the elites something else entirely. When the government tell you not to panic, panic. With the death of the euro comes the possibility of the collapse of the derivative market. As the total value of the market is more than the entire wealth of the planet combined, total collapse is inevitable. The FDIC will be bankrupt as Bank of America and JP Morgan's derivative loss totalling over 100 trillion dollars wipes out all savings account in the country (this was completely illegal and could have been stopped had we a government that wasn't hell bent on stealing every last dollar from us). The allowing of putting derivative loss onto FDIC shoulders is one of the worst things President Obama ever did and, because of that, this country may be very different very soon.
With austerity measures all the rage, after a brief stint in anarchy, I expect a new totalitarian government to emerge as one always does in human history when such things occur. Check out the Wiemar Republic and the rise of Hitler, a scenario we are dangerously close to replicating and something Paul Krugman has been talking a lot about lately. Too bad our corporate media is more interested in telling us who Kim Kardashian is dating or that Justin Beiber walked into a wall the other day. WHO GIVES A FUCK?
Anyone reading this should start preparing for a rough time. Get weapons, especially a shotgun before the ATF starts banning them. If you don't think things are going to get bad, the government seems awfully intent on supplying themselves with huge stockpiles of ammo, bullet proof booths and banning weapons and peaceful protests. Get iodine pills for clean water. Canned food, matches, medication, outdoor gear, lumber (to seal up your house) and any other supply you think you might need. There is a better than seventy percent chance that everything is going to go tits up, possibly as soon as in a few weeks, although I still see September/October being the highest possibility for war/turmoil/collapse. War with Iran is very much a possibility still and Russia will have none of any kind of meaningful peace talks.
We are at the same point as the Cuban Missile Crisis of 1962 where the world hangs in the balance of a nuclear war. How else do you expect them to fix the economic solution? War is the only way and with Syria and Iran begging to get hit, we will do just that. Israel will wait no longer than the fall to early next year at the absolute latest to strike. A nuclear armed Iran will destroy the world quicker than attacking them now would be. With Iran able to dictate the price of oil with impunity, the world economy will likewise collapse and they wouldn't have to fire a shot. There is no chance the US or Israel will ever let them happen, nukes or no nukes, and then a nuclear war WILL occur with 100% certainty.
This will also thin the world population down, something the elites are actively trying to do and not without some good reason. There are way too many people on the planet and if we continue at this rate, we will all die eventually of some horrible new plague or starvation. If we can't cull the masses. mother nature will.
So there you have it. Expect a world collapse most likely within a few months. It is going to be very, very bad. So prepare now and at the worst, I'm wrong and you have extra things that can be used down the road. At best, you'll have enough to survive the coming collapse which will be world wide and make 2008 look like a stubbed toe. Rumor is the Greek government is already printing up reserve money and the stock market tested such an idea on the currency board yesterday as countless pictures of it appeared on line. The big boys are preparing. Should should we.
Friday, June 1, 2012
ZOMBIES, ECONOMIC TURMOIL AND OTHER SIGNS OF THE UPCOMING APOCALYPSE
While not as vicious as the naked man eating the face of another man in Miami, there have been at least two other cases involving cannibalism this past week. Mind you, the other cases are more in line with Jeffrey Dahmer, but still what the hell is wrong with people that would make them want to eat another human being with starvation not being one of the reasons? One was a sicko in Maryland who ate his roommate and another was a Canadian who ate an Asian gay prostitute. Yuck.
When zombies roam the earth, you know the end is near. I'm sure some of you out there are wondering whether the radiation from Fukishima has anything to do with it which I can say with some certainty no it isn't. However, if more cases like this surface, then we should start look into alternate theories. Reports of the Miami zombie say his behavior was unlike him, say people who knew him, and that he never did anything stronger than pot. Maybe he was dosed, maybe he took something he shouldn't have, maybe it was something else completely. Until we see more cases like this one, and not the serial killer type seen in the latest attacks, we needn't worry too much about this.
The state of the economy is another matter. As of this writing, the Dow is down over 200 points, the job reports sucked even with their inflated stats and unemployment ticked back up to 8.2% (in reality the number is still hovering around 23% using pre-1980's statistics), and the collapse of the Euro looks to be imminent. Spain is experiencing a full blown bank run as 50 billion Euro have been moved out of banks to ones abroad, much like what is happening in Greece. Contrary to what some say, there is no orderly exit from the Euro. If Greece leaves and stiffs the rest of Europe on money owed, what's to stop failing economies like Spain, Italy, Ireland and Portugal from doing the same? At that point the Euro goes under and, for the first time in memory, a world currency will cease to be. The damage to the economy with this cannot be underestimated, with a stock market crash all but certain in such a outcome.
Republicans must be high fiving each other with this awful economic news which helps them immensely come November. Mind you, voting for the GOP in any way guarantees things to get far worse as their plan is the exact same as Europe which is floundering hard. France has made a wise move to cap CEO pay at twenty times the lowest paid employee, a right I have been championing for years. Try that here and the GOP and the Teatards will cry socialism at the top of their lungs, nevermind the fact that such a rule is exactly the kind of thing we need to get out of the hole we've dug.
Unless the 99% get a big raise soon, the economy is doomed. We have been screwed by big business for over thirty years now with no recourse as they have all the power and we are left unionless and unrepresented in Congress. Soon, very soon I suspect, the whole house of cards is going to come down and then we will have either anarchy or a police state, perhaps both. Neither sound appealing. Stop voting for someone because they are a republican or a democrat and start voting because they are a good person with good ideas.
The conservative media has been trying to make hay over Elizabeth Warren's possible Native American heritage. I don't care. She would be good for this country and will stand up for those who can't. There are very few like her right now and we desperately need someone like her in Congress. The rest of this is just mudslinging.
With the secret Bilderberg meeting in Virginia right now, decisions about Iran, the Euro, and even Syria will be huge topics. What the Masters of the Universe decide there will affect us all. Will they use war as a way to save the economy like WW2? Will they let the Euro fail? Only time will tell, and that is a commodity we are running out of.
When zombies roam the earth, you know the end is near. I'm sure some of you out there are wondering whether the radiation from Fukishima has anything to do with it which I can say with some certainty no it isn't. However, if more cases like this surface, then we should start look into alternate theories. Reports of the Miami zombie say his behavior was unlike him, say people who knew him, and that he never did anything stronger than pot. Maybe he was dosed, maybe he took something he shouldn't have, maybe it was something else completely. Until we see more cases like this one, and not the serial killer type seen in the latest attacks, we needn't worry too much about this.
The state of the economy is another matter. As of this writing, the Dow is down over 200 points, the job reports sucked even with their inflated stats and unemployment ticked back up to 8.2% (in reality the number is still hovering around 23% using pre-1980's statistics), and the collapse of the Euro looks to be imminent. Spain is experiencing a full blown bank run as 50 billion Euro have been moved out of banks to ones abroad, much like what is happening in Greece. Contrary to what some say, there is no orderly exit from the Euro. If Greece leaves and stiffs the rest of Europe on money owed, what's to stop failing economies like Spain, Italy, Ireland and Portugal from doing the same? At that point the Euro goes under and, for the first time in memory, a world currency will cease to be. The damage to the economy with this cannot be underestimated, with a stock market crash all but certain in such a outcome.
Republicans must be high fiving each other with this awful economic news which helps them immensely come November. Mind you, voting for the GOP in any way guarantees things to get far worse as their plan is the exact same as Europe which is floundering hard. France has made a wise move to cap CEO pay at twenty times the lowest paid employee, a right I have been championing for years. Try that here and the GOP and the Teatards will cry socialism at the top of their lungs, nevermind the fact that such a rule is exactly the kind of thing we need to get out of the hole we've dug.
Unless the 99% get a big raise soon, the economy is doomed. We have been screwed by big business for over thirty years now with no recourse as they have all the power and we are left unionless and unrepresented in Congress. Soon, very soon I suspect, the whole house of cards is going to come down and then we will have either anarchy or a police state, perhaps both. Neither sound appealing. Stop voting for someone because they are a republican or a democrat and start voting because they are a good person with good ideas.
The conservative media has been trying to make hay over Elizabeth Warren's possible Native American heritage. I don't care. She would be good for this country and will stand up for those who can't. There are very few like her right now and we desperately need someone like her in Congress. The rest of this is just mudslinging.
With the secret Bilderberg meeting in Virginia right now, decisions about Iran, the Euro, and even Syria will be huge topics. What the Masters of the Universe decide there will affect us all. Will they use war as a way to save the economy like WW2? Will they let the Euro fail? Only time will tell, and that is a commodity we are running out of.
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