Friday, November 27, 2009
Wednesday, November 25, 2009
Copenhagen
I have said it was all a scam from the beginning. Now they teach it in schools. They are heading to Copenhagen to sign a treaty about it, which is a major step towards a Global Government.
And it is all a fraud. Junk science, bunk science, no science. All politically motivated. All aimed at controlling our lives, and redistributing the wealth of America.
The Emails that have been leaked out are damning. Fraud and lies. Collusion to keep real science from being published. Then ridicule those for not being published. A scam on the world, pulled off by a handful of self serving politicians and a Progressive academia community.
Is it making big news? NO – because the mainstream media signed off on this long ago. The White House still plans on signing the Copenhagen deal. Congress is calling for an investigation. This would put Cap and Trade to bed. But so much money has been invested into this scam, and they have spent years putting it into effect.
The truth is now out there, and is simply being ignored, again for purely political reasons. They can't admit the lie, if they do, what else have they lied about?
What would happen to the Green Industry that government has forced upon us? What would happen to General Electric, which is set to make billion s form the scam? Or Al Gore, the leader of the scam, who is set to make hundreds of millions?
Or the Progressive Left, who based their Presidential campaign on ending the wars, and stopping Global Warming?
Nope, too mush is ridding on this scam being pulled off, no matter what the evidence or the science says.
Once more, what everyone told me was simply my own conspiracy theory, turned out to be fact. After all, they said, all the scientists have said it is true. I think this is criminal, and they should all be prosecuted to the full extent of the law for the damage they have done to not only the US economy, but the world economy as well.
And it is all a fraud. Junk science, bunk science, no science. All politically motivated. All aimed at controlling our lives, and redistributing the wealth of America.
The Emails that have been leaked out are damning. Fraud and lies. Collusion to keep real science from being published. Then ridicule those for not being published. A scam on the world, pulled off by a handful of self serving politicians and a Progressive academia community.
Is it making big news? NO – because the mainstream media signed off on this long ago. The White House still plans on signing the Copenhagen deal. Congress is calling for an investigation. This would put Cap and Trade to bed. But so much money has been invested into this scam, and they have spent years putting it into effect.
The truth is now out there, and is simply being ignored, again for purely political reasons. They can't admit the lie, if they do, what else have they lied about?
What would happen to the Green Industry that government has forced upon us? What would happen to General Electric, which is set to make billion s form the scam? Or Al Gore, the leader of the scam, who is set to make hundreds of millions?
Or the Progressive Left, who based their Presidential campaign on ending the wars, and stopping Global Warming?
Nope, too mush is ridding on this scam being pulled off, no matter what the evidence or the science says.
Once more, what everyone told me was simply my own conspiracy theory, turned out to be fact. After all, they said, all the scientists have said it is true. I think this is criminal, and they should all be prosecuted to the full extent of the law for the damage they have done to not only the US economy, but the world economy as well.
Sunday, November 22, 2009
Goodbye California
As California drives full speed ahead over the financial abyss, there seems to be no one holding the steering wheel, just a foot on the gas peddle. Four months into their fun and games, called the new budget, they are already facing a 6.9 Billion dollar deficit. And that is just going to get uglier.
The Unions are hard at work, trying to keep the legislature from cutting any funds from their interests. Feels like we are living in a giant version of GM. The Unions run the place into the ground, and in the end, they own everything, and the state becomes a ward of the Federal Government.
Last week it leaked out that the State Financial Officer had been looking into the Constitutionality of the state filing bankruptcy, or my favorite, dissolving the state and state government entirely, and becoming a federal territory. I guess they could make Guam or Puerto Rico a state, to save money on changing the stars on the flags.
While that probably won;t happen, just that fact that they were looking into it speaks volumes as to how messed up the states finances are.
Their answer will of course be, more taxes. They already snuck in a 10% income tax hike. They say it is temporary. No one believes them. They say it is just a loan. No one with a brain believes that. They say the tax payer will get it back April 15th when they file their tax returns. My dog doesn't even believe that.
This from the state that handed out IOU's to the tax payers this year, and didn't actually give out the refunds until after the Federal Stimulus money funneled in. And where else did that money go?
Mostly Union pension funds.
As goes California, so goes the country. We have all heard that. And unfortunately it is true. California can be used as the indicator on where every other state will soon find itself. 9 of them on right on her heals. Not counting New York, where they expect to be bankrupt by the end of December.
Old California has led the country in social welfare programs,and entitlements. It has also lead the way in government regulations and taxes. They have regulated many business's right out of the state, and all the new tax ideas will send even more out. That will ccreate even more unemployment, and even less tax revenue for the state. Which will send the budget into an even deeper hole.
It is hard to tell if they understand this in Sacramento, or if they just expect the Fed's to bail them out again with another Stimulus, The only thing for certain is they have no intention of cutting any spending. In fact, they have actually voted to increase spending since they “fixed” the budget 4 months ago.
Keep doing the same thing, and expect different results. That is the definition of insanity.
Until next time, fellow Komrads.
The Unions are hard at work, trying to keep the legislature from cutting any funds from their interests. Feels like we are living in a giant version of GM. The Unions run the place into the ground, and in the end, they own everything, and the state becomes a ward of the Federal Government.
Last week it leaked out that the State Financial Officer had been looking into the Constitutionality of the state filing bankruptcy, or my favorite, dissolving the state and state government entirely, and becoming a federal territory. I guess they could make Guam or Puerto Rico a state, to save money on changing the stars on the flags.
While that probably won;t happen, just that fact that they were looking into it speaks volumes as to how messed up the states finances are.
Their answer will of course be, more taxes. They already snuck in a 10% income tax hike. They say it is temporary. No one believes them. They say it is just a loan. No one with a brain believes that. They say the tax payer will get it back April 15th when they file their tax returns. My dog doesn't even believe that.
This from the state that handed out IOU's to the tax payers this year, and didn't actually give out the refunds until after the Federal Stimulus money funneled in. And where else did that money go?
Mostly Union pension funds.
As goes California, so goes the country. We have all heard that. And unfortunately it is true. California can be used as the indicator on where every other state will soon find itself. 9 of them on right on her heals. Not counting New York, where they expect to be bankrupt by the end of December.
Old California has led the country in social welfare programs,and entitlements. It has also lead the way in government regulations and taxes. They have regulated many business's right out of the state, and all the new tax ideas will send even more out. That will ccreate even more unemployment, and even less tax revenue for the state. Which will send the budget into an even deeper hole.
It is hard to tell if they understand this in Sacramento, or if they just expect the Fed's to bail them out again with another Stimulus, The only thing for certain is they have no intention of cutting any spending. In fact, they have actually voted to increase spending since they “fixed” the budget 4 months ago.
Keep doing the same thing, and expect different results. That is the definition of insanity.
Until next time, fellow Komrads.
Saturday, November 21, 2009
Tuesday, November 17, 2009
Socialisn European Style
Since we are being dragged kicking and screaming towards a European style of socialism, I thought I might take a look and see what is going on over there. After all, what happens there is what them big shots in our government want to do here.
This article blazed out at me this morning.
Health and safety snoops to enter family homes
http://www.timesonline.co.uk/tol/news/uk/article6917328.ece
The government can come in and inspect your home an cause you all sorts of distress for absolutely no other reason except they can. I don't know if you have ever dealt with our own DCS, but they are a nightmare.
It is bad enough that an anonymous complaint against you will put them on your case for a good six months, making your like a living hell. It doesn't even matter if their initial investigation proves the allegations were bogus. They keep showing up to reinspect and re-interview. Threaten from time to time. And in general, make you miserable. Imagine if the government didn't even need a complaint? That it was their job to harass everyone who has children, and that simply the fact that you have kids gave them the right to intervene into your life. I actually think there is a provision for that in the Pelosi Health care bill.
And before you say that can't happen here, well, it is happening in England.
Ex-soldier faces jail for handing in gun
http://www.thisissurreytoday.co.uk/news/Ex-soldier-faces-jail-handing-gun/article-1509082-detail/article.html
Private gun ownership was banned in England a few years back. They did it under the guise of public safety. Since the ban, gun related crimes have gone up over 300%. People who held onto their guns and shot intruders, have gone to jail for gun possession, and are looking at life sentences. Now it appears that the simple act of turning in a gun found will get you five years in prison.
This is the law the Dem's want here, it already is the law in England.
There are many more examples of socialist madness, but these two are from this week. So I thought I would pass them along.
This article blazed out at me this morning.
Health and safety snoops to enter family homes
http://www.timesonline.co.uk/tol/news/uk/article6917328.ece
The government can come in and inspect your home an cause you all sorts of distress for absolutely no other reason except they can. I don't know if you have ever dealt with our own DCS, but they are a nightmare.
It is bad enough that an anonymous complaint against you will put them on your case for a good six months, making your like a living hell. It doesn't even matter if their initial investigation proves the allegations were bogus. They keep showing up to reinspect and re-interview. Threaten from time to time. And in general, make you miserable. Imagine if the government didn't even need a complaint? That it was their job to harass everyone who has children, and that simply the fact that you have kids gave them the right to intervene into your life. I actually think there is a provision for that in the Pelosi Health care bill.
And before you say that can't happen here, well, it is happening in England.
Ex-soldier faces jail for handing in gun
http://www.thisissurreytoday.co.uk/news/Ex-soldier-faces-jail-handing-gun/article-1509082-detail/article.html
Private gun ownership was banned in England a few years back. They did it under the guise of public safety. Since the ban, gun related crimes have gone up over 300%. People who held onto their guns and shot intruders, have gone to jail for gun possession, and are looking at life sentences. Now it appears that the simple act of turning in a gun found will get you five years in prison.
This is the law the Dem's want here, it already is the law in England.
There are many more examples of socialist madness, but these two are from this week. So I thought I would pass them along.
Monday, November 16, 2009
Hello Monday Morning
I know I am a nit picker. It seems like it was way, way back there to the beginning of last weekend when DHS declare our border secure, and that it was time for the Amnesty Program to get passed in congress. I know, we were all excited by this news, and were hoping to make all the illegals that are here US citizens so they can come out of the shadows. Then today, a full couple of days after the DHS announcement, I saw this:
National Park Service Putting Holes in Border Security
http://www.newsmax.com/newsfront/border_parks_service/2009/11/15/286510.html
Could this mean that the DHS was not being completely honest with us? Say it ain't so , Joe! I know Tea O has promised Amnesty to all the Mexican lobbying groups, and to the Mexican government. But I think it is going to be a had sell when the border is as porous as ever, and our economy is in free fall.
Not that it matters what we think anymore.
And apparently Mr O dropped something when he was meeting the Emperor of Japan. Certainly he wasn't bowing and showing a monarch they we the United States is subservient. After all, that is what bowing to a Monarch means. So I am sure the official word will be he dropped something, just like when he didn't bow to the King of Saudi Arabia. It really doesn't matter what we think. It is what the world thinks that matters here. And to start any negotiations with a deep bow that symbolizes subservience is not a good way to play your hand.
Did you know that Mr O is the first President in the history of the USA to bow before any leader? That was a conscience decision by our founders. Not bowing has been a symbol that we are a free nation, and owe no allegiance to any Monarch. I guess that was another of the Founders ideas the new team has tossed out the window. It might also be why he doesn't seem to get anything besides a lecture overseas. But that is just my take on it.
And in this insane upsie down world John Stewart from Comedy Central is now a legitimate news organization. That is right, at least according to Anita Dunn and the White house.
Obama Aide Dunn Renews Criticism of Fox, Hails Jon Stewart
http://www.bloomberg.com/apps/news?pid=20601074&sid=aBRJYGPAmOoo
John Stewart is a funny guy, and I like his show, but really – are we so far down the looking glass that comedy shows are where the White House wants us to get our news?
Two of my favorite congressmen, Barney Frank and Chris Dodd, want to reform the banking regulations. Talk about letting the foxes watch the chicken coops. Those two are directly responsible for a mafor part of the banking collapse. Now they are just trying to cover their tracks so they can get re-elected. And while all evidence points at them, their little stubby fingers have been pointing at everyone else.
It is just me, or has anyone else noticed that when Mr O leaves the country, Eric Holder immediately announces something crazy? Last time he announced he was going after the folks that worked for Bush, this time that the terrorists will be tried in NYC. Both times leaving Mr O in the clear as he is out of the country. You don't think he does that on purpose do you? Naw, I'm just being a conspiracy nut there.
Here is a surprise:
GM posts loss, vows to repay U.S. debt early
http://www.reuters.com/article/newsOne/idUSTRE5AF0SO20091116
CNN has a different spin..LOL:
GM to start repaying debt to U.S.
Although the automaker reported a $1.2 billion loss, GM said results have improved enough that it can start early repayment of loans to U.S. Treasury.
Didn't they just post that they were making money two weeks ago? They must not have their accounting staff fully run by the government yet. Odd twist of fate though. Government Motors losses money, Ford makes money, who would have ever thought that would happen? Hello Health secure borders, presidential bowcare!
Mondays always have so much sunshine in the news. Once again the recession is over, at least until Thursday.
National Park Service Putting Holes in Border Security
http://www.newsmax.com/newsfront/border_parks_service/2009/11/15/286510.html
Could this mean that the DHS was not being completely honest with us? Say it ain't so , Joe! I know Tea O has promised Amnesty to all the Mexican lobbying groups, and to the Mexican government. But I think it is going to be a had sell when the border is as porous as ever, and our economy is in free fall.
Not that it matters what we think anymore.
And apparently Mr O dropped something when he was meeting the Emperor of Japan. Certainly he wasn't bowing and showing a monarch they we the United States is subservient. After all, that is what bowing to a Monarch means. So I am sure the official word will be he dropped something, just like when he didn't bow to the King of Saudi Arabia. It really doesn't matter what we think. It is what the world thinks that matters here. And to start any negotiations with a deep bow that symbolizes subservience is not a good way to play your hand.
Did you know that Mr O is the first President in the history of the USA to bow before any leader? That was a conscience decision by our founders. Not bowing has been a symbol that we are a free nation, and owe no allegiance to any Monarch. I guess that was another of the Founders ideas the new team has tossed out the window. It might also be why he doesn't seem to get anything besides a lecture overseas. But that is just my take on it.
And in this insane upsie down world John Stewart from Comedy Central is now a legitimate news organization. That is right, at least according to Anita Dunn and the White house.
Obama Aide Dunn Renews Criticism of Fox, Hails Jon Stewart
http://www.bloomberg.com/apps/news?pid=20601074&sid=aBRJYGPAmOoo
John Stewart is a funny guy, and I like his show, but really – are we so far down the looking glass that comedy shows are where the White House wants us to get our news?
Two of my favorite congressmen, Barney Frank and Chris Dodd, want to reform the banking regulations. Talk about letting the foxes watch the chicken coops. Those two are directly responsible for a mafor part of the banking collapse. Now they are just trying to cover their tracks so they can get re-elected. And while all evidence points at them, their little stubby fingers have been pointing at everyone else.
It is just me, or has anyone else noticed that when Mr O leaves the country, Eric Holder immediately announces something crazy? Last time he announced he was going after the folks that worked for Bush, this time that the terrorists will be tried in NYC. Both times leaving Mr O in the clear as he is out of the country. You don't think he does that on purpose do you? Naw, I'm just being a conspiracy nut there.
Here is a surprise:
GM posts loss, vows to repay U.S. debt early
http://www.reuters.com/article/newsOne/idUSTRE5AF0SO20091116
CNN has a different spin..LOL:
GM to start repaying debt to U.S.
Although the automaker reported a $1.2 billion loss, GM said results have improved enough that it can start early repayment of loans to U.S. Treasury.
Didn't they just post that they were making money two weeks ago? They must not have their accounting staff fully run by the government yet. Odd twist of fate though. Government Motors losses money, Ford makes money, who would have ever thought that would happen? Hello Health secure borders, presidential bowcare!
Mondays always have so much sunshine in the news. Once again the recession is over, at least until Thursday.
Sunday, November 15, 2009
Housing Market Rebound?
Since at least as far back as June, every week those dunderheads on TV have been telling us the housing market has hit rock bottom, and things are turning around. Then the other dunderheads use that to explain to us how this means that we are in a full economic recovery. As you may have noticed, I have been a tad bit doubtful.
Here is an example of the TV lies about the housing market from today's Wall Street Journal:
Foreclosures Continue to Put a Damper on Home Prices
http://online.wsj.com/article/SB125790574094242915.html
I know, you think I'm nit-picking. But hey, there is more trouble in Fanny May and Freddie Mac land as well. Remember it was just last week they announced a combined loss of 20 Billion Dollars since we bailed them out at the beginning of the year. Hear is some more sunshine from them:
Fannie, Freddie Warn on More Losses
http://online.wsj.com/article/SB10001424052748703811604574529852446467232.html
I know, you think I am an alarmist. I wonder how the FHA is doing?
Recent numbers appear to underscore those concerns. The percentage of FHA loans that are delinquent or in foreclosure climbed to nearly 8% at the end of June, from about 5.5% in early 2006, according to the Mortgage Bankers Assn. And in the weeks ahead, its reserves for loan losses are projected to slip below federally mandated limits.
FHA may be setting up repeat of housing bubble, lawmakers worry
http://www.latimes.com/business/la-fi-fha8-2009oct08,0,5815426,full.story
The FHA Is Broke
http://seekingalpha.com/article/173315-the-fha-is-broke
Well, that doesn't sound too promising, does it?
Mortgage default notices - the first step in foreclosure - dropped by 10.3 percent in California last quarter. That's due to loan modifications and banks' unwillingness to dump more homes on the market
Foreclosure activity slows in California as banks hold back
http://features.csmonitor.com/economyrebuild/2009/10/23/foreclosure-activity-slows-in-california-as-banks-hold-back/
Well, they don't want to dump more houses on the market, so they are holding back on foreclosures. Well that is mighty nice of them.
Thank goodness for the loan modification program, opp's, until you start reading things like this:
However, the expected failure of many loan modifications will set the stage for a flood of bank-owned foreclosures to hit the real estate market starting in six months as borrowers fail to keep up with modified payments, said Mark Hanson, head of Menlo Park-based Field Check Group, an independent real estate research firm.
"It creates a massive backlog of foreclosures in the foreclosure pipeline. It lowers the number of foreclosures coming out on the other side as (bank-owned properties). What will happen is that 50 to 70 percent of loan modifications will fail," he said.
Bay Area foreclosures tracked
http://www.thereporter.com/business/ci_13793758
Wow, 50 to 70% of the loan modifications will fair? Sounds like we are just delaying and dragging out the crises if you ask me.
Fanny, Freddie, and the FHA are all going bankrupt, and will need further tax payer money to keep this Ponzi scheme rolling. The homes saved under the new modification plan look to nearly all be back in foreclosure, yet the banks aren't taking possession, because they do not want to further flood the market. They are trying to artificially keep housing prices inflated.
I guess that would be because of the shadow housing inventory they already have, and are not listing as of yet, to try to keep home prices inflated.
Banks aren't reselling many foreclosed homes
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/04/08/MNL516UG90.DTL&type=business&tsp=1
So the next time those dunderheads on TV tell you the housing market has bottomed out, and everything is looking sunshiny for the future, know that they are feeding you one of the biggest loads of crap you could possibly imagine.
30% of home sales now are bargain basement foreclosures. And the national forclosure rate is climbing every month.
Here is an example of the TV lies about the housing market from today's Wall Street Journal:
Foreclosures Continue to Put a Damper on Home Prices
http://online.wsj.com/article/SB125790574094242915.html
I know, you think I'm nit-picking. But hey, there is more trouble in Fanny May and Freddie Mac land as well. Remember it was just last week they announced a combined loss of 20 Billion Dollars since we bailed them out at the beginning of the year. Hear is some more sunshine from them:
Fannie, Freddie Warn on More Losses
http://online.wsj.com/article/SB10001424052748703811604574529852446467232.html
I know, you think I am an alarmist. I wonder how the FHA is doing?
Recent numbers appear to underscore those concerns. The percentage of FHA loans that are delinquent or in foreclosure climbed to nearly 8% at the end of June, from about 5.5% in early 2006, according to the Mortgage Bankers Assn. And in the weeks ahead, its reserves for loan losses are projected to slip below federally mandated limits.
FHA may be setting up repeat of housing bubble, lawmakers worry
http://www.latimes.com/business/la-fi-fha8-2009oct08,0,5815426,full.story
The FHA Is Broke
http://seekingalpha.com/article/173315-the-fha-is-broke
Well, that doesn't sound too promising, does it?
Mortgage default notices - the first step in foreclosure - dropped by 10.3 percent in California last quarter. That's due to loan modifications and banks' unwillingness to dump more homes on the market
Foreclosure activity slows in California as banks hold back
http://features.csmonitor.com/economyrebuild/2009/10/23/foreclosure-activity-slows-in-california-as-banks-hold-back/
Well, they don't want to dump more houses on the market, so they are holding back on foreclosures. Well that is mighty nice of them.
Thank goodness for the loan modification program, opp's, until you start reading things like this:
However, the expected failure of many loan modifications will set the stage for a flood of bank-owned foreclosures to hit the real estate market starting in six months as borrowers fail to keep up with modified payments, said Mark Hanson, head of Menlo Park-based Field Check Group, an independent real estate research firm.
"It creates a massive backlog of foreclosures in the foreclosure pipeline. It lowers the number of foreclosures coming out on the other side as (bank-owned properties). What will happen is that 50 to 70 percent of loan modifications will fail," he said.
Bay Area foreclosures tracked
http://www.thereporter.com/business/ci_13793758
Wow, 50 to 70% of the loan modifications will fair? Sounds like we are just delaying and dragging out the crises if you ask me.
Fanny, Freddie, and the FHA are all going bankrupt, and will need further tax payer money to keep this Ponzi scheme rolling. The homes saved under the new modification plan look to nearly all be back in foreclosure, yet the banks aren't taking possession, because they do not want to further flood the market. They are trying to artificially keep housing prices inflated.
I guess that would be because of the shadow housing inventory they already have, and are not listing as of yet, to try to keep home prices inflated.
Banks aren't reselling many foreclosed homes
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/04/08/MNL516UG90.DTL&type=business&tsp=1
So the next time those dunderheads on TV tell you the housing market has bottomed out, and everything is looking sunshiny for the future, know that they are feeding you one of the biggest loads of crap you could possibly imagine.
30% of home sales now are bargain basement foreclosures. And the national forclosure rate is climbing every month.
Saturday, November 14, 2009
Buyer beware
It is getting harder to believe anything they say.
Immigration bill is promoted for 2010
http://washingtontimes.com/news/2009/nov/14/immigration-bill-promoted-for-2010/
Declaring success in border security and immigration enforcement, Department of Homeland Security Secretary Janet Napolitano said Friday that the federal government has done its work and now it's time for Congress to pass a broad bill to legalize illegal immigrants.
"The security of the southwest border has been transformed from where it was in 2007," she said in a speech to the Center for American Progress, a liberal think tank. "The federal government has dedicated unprecedented resources to the Mexican border in terms of manpower, technology and infrastructure - and it's made a real difference."
I am wondering when this all happened? Is this when DHS relocated the border guards to the Canadian border?
Is it me, or is everything upside down?
And now that we know CO2 isn't causing global anything, even my buddy Al Gore is backing away from it because the evidence he was lying is so overwhelming, why on earth is this happening?
Everyone in Britain could be given a personal 'carbon allowance'
http://www.telegraph.co.uk/earth/environment/carbon/6527970/Everyone-in-Britain-could-be-given-a-personal-carbon-allowance.html
Only a matter of time before it comes here, and likely it is written into one of the senate Cap and Trade bills. The truth as we all know, is the Green movement has never been about the environment, it is about control and the redistribution of wealth. Because there is simply no other rational explanation.
A couple more banks were seized Friday, but who care about that.
Let us go back to look at the unfolding gold and silver scam for a minute:
Warning About Perth Mint Gold Certificates
http://www.marketskeptics.com/2009/02/warning-about-perth-mint-gold.html
Jim Willie Hat Trick - potential COMEX silver default
http://goldismoney.info/forums/archive/index.php/t-59022.html
News Kontent
http://news.kontentkonsult.com/2009/06/huff-po-does-comex-price-setting-will.html
NYSE Runs Out of Gold Bars: What Happens Next?
The NYSE-Liffe futures exchange has, it seems, run out of 1 kg bars of gold. Futures markets, like NYSE-Liffe and COMEX, try hard to maintain the fiction that they will deliver physical gold, in completion of executed contracts. Indeed, to prevent fraud, U.S. law requires clearing members to keep a stockpile, of one kind or another, consisting of a minimum of 90% of metal. Up until October, 2008, it didn’t matter. Only about 1% of long buyers of paper gold futures contracts typically took delivery. Now, the situation is very different. Demand has surged and, it appears, one major futures exchange, NYSE-Liffe, and by extension, the COMEX gold warehouses it shares with its larger cousin, are unable to meet the requirements of their contracts, vis-a-vis, delivery of 1 kg. bars
http://www.freerepublic.com/focus/news/2220503/posts
Buyer beware my friends.
Immigration bill is promoted for 2010
http://washingtontimes.com/news/2009/nov/14/immigration-bill-promoted-for-2010/
Declaring success in border security and immigration enforcement, Department of Homeland Security Secretary Janet Napolitano said Friday that the federal government has done its work and now it's time for Congress to pass a broad bill to legalize illegal immigrants.
"The security of the southwest border has been transformed from where it was in 2007," she said in a speech to the Center for American Progress, a liberal think tank. "The federal government has dedicated unprecedented resources to the Mexican border in terms of manpower, technology and infrastructure - and it's made a real difference."
I am wondering when this all happened? Is this when DHS relocated the border guards to the Canadian border?
Is it me, or is everything upside down?
And now that we know CO2 isn't causing global anything, even my buddy Al Gore is backing away from it because the evidence he was lying is so overwhelming, why on earth is this happening?
Everyone in Britain could be given a personal 'carbon allowance'
http://www.telegraph.co.uk/earth/environment/carbon/6527970/Everyone-in-Britain-could-be-given-a-personal-carbon-allowance.html
Only a matter of time before it comes here, and likely it is written into one of the senate Cap and Trade bills. The truth as we all know, is the Green movement has never been about the environment, it is about control and the redistribution of wealth. Because there is simply no other rational explanation.
A couple more banks were seized Friday, but who care about that.
Let us go back to look at the unfolding gold and silver scam for a minute:
Warning About Perth Mint Gold Certificates
http://www.marketskeptics.com/2009/02/warning-about-perth-mint-gold.html
Jim Willie Hat Trick - potential COMEX silver default
http://goldismoney.info/forums/archive/index.php/t-59022.html
News Kontent
http://news.kontentkonsult.com/2009/06/huff-po-does-comex-price-setting-will.html
NYSE Runs Out of Gold Bars: What Happens Next?
The NYSE-Liffe futures exchange has, it seems, run out of 1 kg bars of gold. Futures markets, like NYSE-Liffe and COMEX, try hard to maintain the fiction that they will deliver physical gold, in completion of executed contracts. Indeed, to prevent fraud, U.S. law requires clearing members to keep a stockpile, of one kind or another, consisting of a minimum of 90% of metal. Up until October, 2008, it didn’t matter. Only about 1% of long buyers of paper gold futures contracts typically took delivery. Now, the situation is very different. Demand has surged and, it appears, one major futures exchange, NYSE-Liffe, and by extension, the COMEX gold warehouses it shares with its larger cousin, are unable to meet the requirements of their contracts, vis-a-vis, delivery of 1 kg. bars
http://www.freerepublic.com/focus/news/2220503/posts
Buyer beware my friends.
Devalued Dollar
Here is something you haven't seen on CNN, MSNBC, or FOX for that matter
World Rushes to Prop Up U.S. Dollar
http://moneynews.newsmax.com/streettalk/us_dollar_gold/2009/11/13/285912.html
It appears that Asia is a little more worried about our dollar than our government is. They are keeping it propped up to keep their own currencies and investments from crashing, and I on't think they are happy about it. I wonder if this has anything to do with Obama's sudden need to go to Asia.
What this all means is that things are a lot worse than we are being told by bith the media and the government.
Of course, if this next article is on the level, this isn't good either. According to it, China has discovered that a lot of the gold they have purchased is counterfeit. I am sure that doesn't make them happy either, if it is indeed true.
Gld ETF Warning, Tungsten Filled Fake Gold Bars
http://www.marketoracle.co.uk/Article14996.html
Add this into the fact that they have been selling gold that don't have, and we have a fine storm on the horizon, that might be worse than anything we have seen so far.
California is beyond bankrupt, even with their new 10% income tax increase.
California Braces for Fresh Budget Deficit Turmoil
http://moneynews.newsmax.com/economy/california_economy/2009/11/13/285942.html
Well, that's all the lollipopville I can take for one sitting.
World Rushes to Prop Up U.S. Dollar
http://moneynews.newsmax.com/streettalk/us_dollar_gold/2009/11/13/285912.html
It appears that Asia is a little more worried about our dollar than our government is. They are keeping it propped up to keep their own currencies and investments from crashing, and I on't think they are happy about it. I wonder if this has anything to do with Obama's sudden need to go to Asia.
What this all means is that things are a lot worse than we are being told by bith the media and the government.
Of course, if this next article is on the level, this isn't good either. According to it, China has discovered that a lot of the gold they have purchased is counterfeit. I am sure that doesn't make them happy either, if it is indeed true.
Gld ETF Warning, Tungsten Filled Fake Gold Bars
http://www.marketoracle.co.uk/Article14996.html
Add this into the fact that they have been selling gold that don't have, and we have a fine storm on the horizon, that might be worse than anything we have seen so far.
California is beyond bankrupt, even with their new 10% income tax increase.
California Braces for Fresh Budget Deficit Turmoil
http://moneynews.newsmax.com/economy/california_economy/2009/11/13/285942.html
Well, that's all the lollipopville I can take for one sitting.
Tuesday, November 10, 2009
Sunshine on my shoulder
Fanny Mae and Freddy Mac collectively, have lost 20 Billion Dollars this year since they bailouts. That is 20 Billion Tax Dollars down the drain, and are now set to get more.
GMAC got 6 Billion last year from us, and are now back and slated to receive another 7.5 Billion of our money. General Motors has become a permanganate ward of the state.
CIT received 2,5 Billion from us, but they were allowed to go bankrupt two weeks ago.
Goldman Sach's, JP Morgan, and Morgan Stanley are paying out 30 Billion in bonus's. All received government money, and all have been given sweetheart deals from the government in taking over failing companies. The government removes the debt, and sells the assets to them for pennies on the dollar.
California is bankrupt. New York is bankrupt.
Investors are pulling money out of stock mutual funds, an ominous sign for the recent market rally, says financial newsletter publisher Mark Hulbert
http://moneynews.newsmax.com/streettalk/stock_mutual_fund_flows/2009/11/10/284136.html
Oil Futures Touching $100 a Barrel
http://moneynews.newsmax.com/streettalk/oil_futures_rising/2009/11/10/284130.html
Home prices fell in most U.S. cities in third quarter
http://www.reuters.com/article/ousivMolt/idUSTRE5A92XB20091110
However its all happy news on the TV. Recession is over, for the 11th month is a row.
The amount of jobs created by the stimulus seem to all be fiction. More companies are announcing layoffs. The banks are happily creating their bubble of magic money that all vanished last year. Consumer spending is down, yet they tell us productivity is up, while unemployment is still rising.
Magic money, money created on the books, but is not really a tangible asset. Same with magic jobs.
GMAC got 6 Billion last year from us, and are now back and slated to receive another 7.5 Billion of our money. General Motors has become a permanganate ward of the state.
CIT received 2,5 Billion from us, but they were allowed to go bankrupt two weeks ago.
Goldman Sach's, JP Morgan, and Morgan Stanley are paying out 30 Billion in bonus's. All received government money, and all have been given sweetheart deals from the government in taking over failing companies. The government removes the debt, and sells the assets to them for pennies on the dollar.
California is bankrupt. New York is bankrupt.
Investors are pulling money out of stock mutual funds, an ominous sign for the recent market rally, says financial newsletter publisher Mark Hulbert
http://moneynews.newsmax.com/streettalk/stock_mutual_fund_flows/2009/11/10/284136.html
Oil Futures Touching $100 a Barrel
http://moneynews.newsmax.com/streettalk/oil_futures_rising/2009/11/10/284130.html
Home prices fell in most U.S. cities in third quarter
http://www.reuters.com/article/ousivMolt/idUSTRE5A92XB20091110
However its all happy news on the TV. Recession is over, for the 11th month is a row.
The amount of jobs created by the stimulus seem to all be fiction. More companies are announcing layoffs. The banks are happily creating their bubble of magic money that all vanished last year. Consumer spending is down, yet they tell us productivity is up, while unemployment is still rising.
Magic money, money created on the books, but is not really a tangible asset. Same with magic jobs.
Sunday, November 8, 2009
Another nail in the American coffin
Nov. 7 (Bloomberg) -- UCBH Holdings Inc.’s United Commercial Bank, a San Francisco-based lender with $11.2 billion in assets, was seized by regulators, becoming the 120th U.S. bank to fail this year.
United Commercial was bought by East West Bancorp of Pasadena, California, the Federal Deposit Insurance Corp. said. United Commercial was the fifth U.S. lender to be seized by regulators yesterday as banks fail at the fastest rate since 1992.
Banks are buckling under the weight of souring real estate loans caused by the worst recession in more than 25 years. The Labor Department said the unemployment rate rose to 10.2 percent in October, a 26-year high. Banks shut yesterday had total assets of $11.6 billion and deposits of $7.9 billion.
http://www.bloomberg.com/apps/news?pid=20601103&sid=ayPwsBV1DI3cAnother Nail in the
As I suspected, the domino effect has started. Too bad I haven't seen this on the mainstream news. I think they are purposely ignoring it. It goes against all the happy talk feel good stories about the jobless recovery I hear about everyday. You can't inspire consumer confidence when everything is falling apart. But if you don't tell them, you might suck the last of their money away.
With unemployment still rising, the commercial market is going to implode just as the housing market did, and I suspect it will cause an equal amount of damage to our frail economy.
Gold is still rising, the Dollar is still falling.
And Obamacare passed a late night vote in the House, where I have read an additional 800 pages of amendments were added prior to the vote, although no one seems to know what was in there. I suspect the secrecy implies that not much good will come from this bill. Hopefully the Senate will have the good sense to stop it, but I have my doubts.
Calif. boosts income tax collection by 10 percent
http://www.google.com/hostednews/ap/article/ALeqM5j_y1QW6gvpDrSof2RoPtvEoEpDSAD9BNJTC80
By JUDY LIN (AP) – 5 days ago
SACRAMENTO, Calif. — California wage earners will soon notice a little less money in their paychecks.
Starting Monday, employers in the cash-strapped state are required to withhold 10 percent more in state income taxes to help ease the budget problems.
It's part of a plan to artificially inflate state revenue by $1.7 billion through next June.
Brenda Voet, a spokeswoman for the state Franchise Tax Board, says it's technically not a tax increase since workers will get their money back after April 15.
A single wage earner making $51,000 a year with no dependents will get about $4 less a week.
I think that number is way off. $51,000 divided by 52 weeks is $980 a week gross. The 2.5% income tax already in place plus the new 10% non-tax brings us to 12.5%. 12.5% of $980 is $122.50. A little more than the $4 they came up with using government math.
But hey, you get it back after April 15. This is the same state that sent out IOU's this year for tax returns. And I have never heard of a temporary tax that didn't become permanent.
The good news is all the other states who are in trouble will most likely adopt this same plan.
United Commercial was bought by East West Bancorp of Pasadena, California, the Federal Deposit Insurance Corp. said. United Commercial was the fifth U.S. lender to be seized by regulators yesterday as banks fail at the fastest rate since 1992.
Banks are buckling under the weight of souring real estate loans caused by the worst recession in more than 25 years. The Labor Department said the unemployment rate rose to 10.2 percent in October, a 26-year high. Banks shut yesterday had total assets of $11.6 billion and deposits of $7.9 billion.
http://www.bloomberg.com/apps/news?pid=20601103&sid=ayPwsBV1DI3cAnother Nail in the
As I suspected, the domino effect has started. Too bad I haven't seen this on the mainstream news. I think they are purposely ignoring it. It goes against all the happy talk feel good stories about the jobless recovery I hear about everyday. You can't inspire consumer confidence when everything is falling apart. But if you don't tell them, you might suck the last of their money away.
With unemployment still rising, the commercial market is going to implode just as the housing market did, and I suspect it will cause an equal amount of damage to our frail economy.
Gold is still rising, the Dollar is still falling.
And Obamacare passed a late night vote in the House, where I have read an additional 800 pages of amendments were added prior to the vote, although no one seems to know what was in there. I suspect the secrecy implies that not much good will come from this bill. Hopefully the Senate will have the good sense to stop it, but I have my doubts.
Calif. boosts income tax collection by 10 percent
http://www.google.com/hostednews/ap/article/ALeqM5j_y1QW6gvpDrSof2RoPtvEoEpDSAD9BNJTC80
By JUDY LIN (AP) – 5 days ago
SACRAMENTO, Calif. — California wage earners will soon notice a little less money in their paychecks.
Starting Monday, employers in the cash-strapped state are required to withhold 10 percent more in state income taxes to help ease the budget problems.
It's part of a plan to artificially inflate state revenue by $1.7 billion through next June.
Brenda Voet, a spokeswoman for the state Franchise Tax Board, says it's technically not a tax increase since workers will get their money back after April 15.
A single wage earner making $51,000 a year with no dependents will get about $4 less a week.
I think that number is way off. $51,000 divided by 52 weeks is $980 a week gross. The 2.5% income tax already in place plus the new 10% non-tax brings us to 12.5%. 12.5% of $980 is $122.50. A little more than the $4 they came up with using government math.
But hey, you get it back after April 15. This is the same state that sent out IOU's this year for tax returns. And I have never heard of a temporary tax that didn't become permanent.
The good news is all the other states who are in trouble will most likely adopt this same plan.
Saturday, November 7, 2009
The Coming Collapse Part 4
Eight dollars-per-gallon gas? The idea certainly sounds absurd. However, the idea of the government pouring over $100B USD into the auto industry and partially nationalizing GM and Chrysler might have sounded ridiculous a decade ago too.
Mike Jackson, chief executive of AutoNation Inc., offered similar sentiments, complaining, "The U.S. allows the price of gasoline to go back and forth across this line where the consumers don't care about fuel efficiency and where consumers do care about fuel efficiency."
He suggests a near term fix of taxing gas to around $4 or $5 a gallon to help vehicles like GM's 2011 Chevy Volt EV grab marketshare. Jerry York, a former GM board member and an adviser to billionaire investor Kirk Kerkorian, concurred. He states, "Unless gas is $3.50 or $4 a gallon, consumers are not going to want to buy those cars."
http://www.dailytech.com/Auto+Execs+Urge+Government+to+Tax+Fuel+up+to+8Gallon+to+Increase+Fuel+Efficiency/article16727.htm
It is no big secret that the Cash for Clinkers program was aimed at getting GM's sales up and running. Much to the dismay of the White House, GM was the only company that didn't see a jump in sales under the program.
It's the peoples way of saying we don't like the government running things, and dictating what they make and we can buy.
As much as publiclly they say the are staying out of the daily operations, behind the scenes the government is calling all the shots over at GM. Including their line of hybrid's that no one wants to buy. Pelosimabiles as I like to call them.
So what does a government that runs a company do when no one wants what they make? Tax the competition out of business. And if it further destroys the economy, so what. Lest we forget, the initial wave of this economic disaster was when gas prices skyrocketed. That alone sent hundreds of thousands into the unemployment lines.
The DIIRT folks say it is environmental justice. But I think the truth is to drive Ford out of business. Because Government Motors can't compete with them in a free market. Ford was the big winner in Cash for Clunkers. They make good products, and folks like the fact they didn't take any taxpayer money. And I have said since day one that the government will find a way to tax and regulate Ford out of business.
$8 a gallon, depending on your tank size – that is $80 to $160 bucks to fill up. When the President said a couple weeks back that the middle class will have to get used to doing with less, he wasn't kidding. This is in the works
Mike Jackson, chief executive of AutoNation Inc., offered similar sentiments, complaining, "The U.S. allows the price of gasoline to go back and forth across this line where the consumers don't care about fuel efficiency and where consumers do care about fuel efficiency."
He suggests a near term fix of taxing gas to around $4 or $5 a gallon to help vehicles like GM's 2011 Chevy Volt EV grab marketshare. Jerry York, a former GM board member and an adviser to billionaire investor Kirk Kerkorian, concurred. He states, "Unless gas is $3.50 or $4 a gallon, consumers are not going to want to buy those cars."
http://www.dailytech.com/Auto+Execs+Urge+Government+to+Tax+Fuel+up+to+8Gallon+to+Increase+Fuel+Efficiency/article16727.htm
It is no big secret that the Cash for Clinkers program was aimed at getting GM's sales up and running. Much to the dismay of the White House, GM was the only company that didn't see a jump in sales under the program.
It's the peoples way of saying we don't like the government running things, and dictating what they make and we can buy.
As much as publiclly they say the are staying out of the daily operations, behind the scenes the government is calling all the shots over at GM. Including their line of hybrid's that no one wants to buy. Pelosimabiles as I like to call them.
So what does a government that runs a company do when no one wants what they make? Tax the competition out of business. And if it further destroys the economy, so what. Lest we forget, the initial wave of this economic disaster was when gas prices skyrocketed. That alone sent hundreds of thousands into the unemployment lines.
The DIIRT folks say it is environmental justice. But I think the truth is to drive Ford out of business. Because Government Motors can't compete with them in a free market. Ford was the big winner in Cash for Clunkers. They make good products, and folks like the fact they didn't take any taxpayer money. And I have said since day one that the government will find a way to tax and regulate Ford out of business.
$8 a gallon, depending on your tank size – that is $80 to $160 bucks to fill up. When the President said a couple weeks back that the middle class will have to get used to doing with less, he wasn't kidding. This is in the works
Thursday, November 5, 2009
The Coming Collapse Part 3
There is so much smoke being blown up our rear ends right now it is hard to know where to start. Today I thought we would take a look at how the government and business are distorting some numbers to make it look like we are all living in lollypop land.
This is from the Wall Street Journal this morning:
Jobless Claims Decline in Latest Week
http://online.wsj.com/article/SB125742744080829139.html
The number of U.S. workers filing new claims for jobless benefits declined more than economists expected last week, the U.S. Labor Department said in its weekly report Thursday.
Total claims lasting more than one week, meanwhile, also decreased.
Separately, U.S. productivity grew during the third quarter by the most in six years as the economy recovered from severe recession and employers kept firing workers to save money.
Initial claims for jobless benefits decreased by 20,000 to 512,000 in the week ended Oct. 31. That is the lowest level since Jan. 3. The previous week's level was revised to 532,000.
Now lets look at what this really says. The first paragraph means nothing, it is all feel good. The second line makes no sense – claims lasting more than one week also decreased – that would mean everyone is finding new jobs within one week of filing a claim, and that clearly isn't the case,
The next paragraph contradicts all logic. Productivity grew while employers continue to fire workers to save money. How does productivity grow when you are eliminating your work force?
And the last line has the most BS in it. Claims dropped by 20,000, revising the level to 532,000. That number will be revised back up again in a few days, although it won't make any headlines. And that is because they always drop 250,000 off the top because of the government birth / death business index. This is where the government arbitrarily makes decides that 250,000 new jobs are created every month. This has absolutely no basis in reality, yet it is how they manipulate their statistics.
Another thing that baffles me is how 500,000 new claims are filed every week, yet at the end on the month their new jobless totals are only 500,000 higher than the month before. Somewhere 1,5 million people disappear under the government accounting system each month.
My point is you cannot believe the government numbers, they are playing with them to try to hide how mess up everything really is. True unemployment is over 20% nationally right now, and has been for a few months.
A Record 36 Million in U.S. on Food Stamps
http://www.newsmax.com/newsfront/food_stamps_record/2009/11/04/281668.html
That doesn't look like things are turning around.
Caterpillar, Microsoft, and a host of other large companies are now laying off even more folks. Yet productivity has increased?
There has been a lot of hoopla about companies beating expectations and things are turning around. They tout an increase of sales over year to year. Ford just did this. And I like Ford. But there is more to this than meets the eye.
First, most of these companies that have just turned around and are in happy days, have laid off large parts of their workforce, closed offices and plants, and reduced production. All of these things cut down overhead.
Next you get into the accounting. Assets are not being depreciated on the books, debt is not being counted as liabilities, things are being moved around to make the books look good. This is pretty much what ENRON did before their demise. All the banks that received TARP money have also done this. They still have all those toxic assets, they just moved them to a set of books that are no longer used in the profit / loss reports. This has disaster written all over it. Yet it is being sanctioned by our government. So it is easy to show year over year profits when you've cut your overhead and move your debt off the balance sheets. It is like you decided not to account for your house payment in your monthly budget, suddenly on paper you have a lot more money to spend. But in reality, nothing has changed in your budget.
This week India saw the writing on the wall, and dumped their US dollars and bought gold, driving the gold price to a new all time high. We already talked about the monkey business in the gold markets. But one thing this move did was drive the dollar down even further. Which is not good news for us.
So what have we learned so far?
The gold markets seem to be rampant with fraud, une is much higher than we are being told, companies are fiddling with their books to look happy, and the commercial real estate market is quietly imploding around us.
California is so messed up they did something that is probably Unconstitutional this week. After being told over and over again by the voters that they do not want any more taxes, and we want them to get their spending and budget under control, the state took a more inventive route.
They have added a temporary 10% income tax on all it's residents. No tax is ever temporary. The gas tax was temporary back on the 1950's, and it has only grown since then.
The State figures this tax will get them out of the whole they dug. But as we have seen, there is never enough money for government. Several months ago they did all their little accounting tricks to try to balance the state budget. It only took 10 weeks for that to implode on them, and three weeks for them to come up with this new emergency plan.
Unemployment in the sunshine State is up there at the top of the charts. Over taxation to fund feel good polices have driven out many a business, causing the high unemployment rate, which in turn created a tax revenue crises for the state. Their solution, stick it to folks that still have a job, and do it right before the holidays. I don;t think you have to be a rocket scientist to understand how this will hurt the already faltered economy.
Holiday sales are already expected to be dismal. Take away 10 % gross of an entire states income, and expect sales to be ever more dismal. This is going to affect the sales tax revenue they have already projected they will have, and factored into the sate budget. And that my friends, will lead to another revenue crises in just a few short months.
Dismal sales will lead to even more companies that are just barely clinging to life to die by the beginning of next year. This will increase the unemployment rate. In turn, will put more homes into foreclosure, and more commercial real estate up for auction. Which leads back to less tax revenue for the state. Cause and effect, something our government seems to have forgotten about.
The really spooke thing is, what happens in California, works it's way across the country. I would expect to see other states take this insane and desperate move, and quite possibly the Federal Government to do it as well soon.
Frankly, the only reason we don't have the soup line and people selling apples in the streets right now like we did in the 1930's, is because of the programs FDR put into place. Namely Social Security, unemployment benefits, food stamps, and the welfare system.
Meanwhile two of the largest Federal Government spending programs are going full steam ahead, Cap and Trade, and the Health Care debacle. The Federal Government is now at 100 TRILLION Dollars in debt. They use the same accounting tricks that the banks are now using. It is not a pretty picture.
The only reason our Dollar is worth anything right now, is pure faith. Faith that the rest of the world is quickly losing. India proved that this week. China has been dumping Dollars since the beginning of the year. All I can say is try to be prepared, because like every house of cards, it will all be tumbling down soon.
This is from the Wall Street Journal this morning:
Jobless Claims Decline in Latest Week
http://online.wsj.com/article/SB125742744080829139.html
The number of U.S. workers filing new claims for jobless benefits declined more than economists expected last week, the U.S. Labor Department said in its weekly report Thursday.
Total claims lasting more than one week, meanwhile, also decreased.
Separately, U.S. productivity grew during the third quarter by the most in six years as the economy recovered from severe recession and employers kept firing workers to save money.
Initial claims for jobless benefits decreased by 20,000 to 512,000 in the week ended Oct. 31. That is the lowest level since Jan. 3. The previous week's level was revised to 532,000.
Now lets look at what this really says. The first paragraph means nothing, it is all feel good. The second line makes no sense – claims lasting more than one week also decreased – that would mean everyone is finding new jobs within one week of filing a claim, and that clearly isn't the case,
The next paragraph contradicts all logic. Productivity grew while employers continue to fire workers to save money. How does productivity grow when you are eliminating your work force?
And the last line has the most BS in it. Claims dropped by 20,000, revising the level to 532,000. That number will be revised back up again in a few days, although it won't make any headlines. And that is because they always drop 250,000 off the top because of the government birth / death business index. This is where the government arbitrarily makes decides that 250,000 new jobs are created every month. This has absolutely no basis in reality, yet it is how they manipulate their statistics.
Another thing that baffles me is how 500,000 new claims are filed every week, yet at the end on the month their new jobless totals are only 500,000 higher than the month before. Somewhere 1,5 million people disappear under the government accounting system each month.
My point is you cannot believe the government numbers, they are playing with them to try to hide how mess up everything really is. True unemployment is over 20% nationally right now, and has been for a few months.
A Record 36 Million in U.S. on Food Stamps
http://www.newsmax.com/newsfront/food_stamps_record/2009/11/04/281668.html
That doesn't look like things are turning around.
Caterpillar, Microsoft, and a host of other large companies are now laying off even more folks. Yet productivity has increased?
There has been a lot of hoopla about companies beating expectations and things are turning around. They tout an increase of sales over year to year. Ford just did this. And I like Ford. But there is more to this than meets the eye.
First, most of these companies that have just turned around and are in happy days, have laid off large parts of their workforce, closed offices and plants, and reduced production. All of these things cut down overhead.
Next you get into the accounting. Assets are not being depreciated on the books, debt is not being counted as liabilities, things are being moved around to make the books look good. This is pretty much what ENRON did before their demise. All the banks that received TARP money have also done this. They still have all those toxic assets, they just moved them to a set of books that are no longer used in the profit / loss reports. This has disaster written all over it. Yet it is being sanctioned by our government. So it is easy to show year over year profits when you've cut your overhead and move your debt off the balance sheets. It is like you decided not to account for your house payment in your monthly budget, suddenly on paper you have a lot more money to spend. But in reality, nothing has changed in your budget.
This week India saw the writing on the wall, and dumped their US dollars and bought gold, driving the gold price to a new all time high. We already talked about the monkey business in the gold markets. But one thing this move did was drive the dollar down even further. Which is not good news for us.
So what have we learned so far?
The gold markets seem to be rampant with fraud, une is much higher than we are being told, companies are fiddling with their books to look happy, and the commercial real estate market is quietly imploding around us.
California is so messed up they did something that is probably Unconstitutional this week. After being told over and over again by the voters that they do not want any more taxes, and we want them to get their spending and budget under control, the state took a more inventive route.
They have added a temporary 10% income tax on all it's residents. No tax is ever temporary. The gas tax was temporary back on the 1950's, and it has only grown since then.
The State figures this tax will get them out of the whole they dug. But as we have seen, there is never enough money for government. Several months ago they did all their little accounting tricks to try to balance the state budget. It only took 10 weeks for that to implode on them, and three weeks for them to come up with this new emergency plan.
Unemployment in the sunshine State is up there at the top of the charts. Over taxation to fund feel good polices have driven out many a business, causing the high unemployment rate, which in turn created a tax revenue crises for the state. Their solution, stick it to folks that still have a job, and do it right before the holidays. I don;t think you have to be a rocket scientist to understand how this will hurt the already faltered economy.
Holiday sales are already expected to be dismal. Take away 10 % gross of an entire states income, and expect sales to be ever more dismal. This is going to affect the sales tax revenue they have already projected they will have, and factored into the sate budget. And that my friends, will lead to another revenue crises in just a few short months.
Dismal sales will lead to even more companies that are just barely clinging to life to die by the beginning of next year. This will increase the unemployment rate. In turn, will put more homes into foreclosure, and more commercial real estate up for auction. Which leads back to less tax revenue for the state. Cause and effect, something our government seems to have forgotten about.
The really spooke thing is, what happens in California, works it's way across the country. I would expect to see other states take this insane and desperate move, and quite possibly the Federal Government to do it as well soon.
Frankly, the only reason we don't have the soup line and people selling apples in the streets right now like we did in the 1930's, is because of the programs FDR put into place. Namely Social Security, unemployment benefits, food stamps, and the welfare system.
Meanwhile two of the largest Federal Government spending programs are going full steam ahead, Cap and Trade, and the Health Care debacle. The Federal Government is now at 100 TRILLION Dollars in debt. They use the same accounting tricks that the banks are now using. It is not a pretty picture.
The only reason our Dollar is worth anything right now, is pure faith. Faith that the rest of the world is quickly losing. India proved that this week. China has been dumping Dollars since the beginning of the year. All I can say is try to be prepared, because like every house of cards, it will all be tumbling down soon.
Wednesday, November 4, 2009
Some Interesting things
I will continue the collapse news later, but these are some things of interest I found today that have not made the TV news.
Congress Funds Study on How To Avoid Constituents, Stay in Office
http://blog.heritage.org/2009/10/28/congress-funds-study-on-how-to-avoid-constituents-and-stay-in-office/
This is particularly spooky:
Yushchenko called on to help Ukraine: Unknown virus is killing people
http://kavkazcenter.com/eng/content/2009/11/01/11153.shtml
US and Israel reiterate to Moscow: Military option is on the table
http://www2.debka.com/headline.php?hid=6350
Makes you wonder what is really going on, since Russia just pretended to invade Poland.
Al Gore could become world's first carbon billionaire
http://www.telegraph.co.uk/earth/energy/6491195/Al-Gore-could-become-worlds-first-carbon-billionaire.html
My favorite scam artist is doing well.
Obama will fix H1N1 vaccine shortage: White House
http://www.reuters.com/article/domesticNews/idUSTRE5A24DI20091103
Obama can fix anything!
What is the best way to make you want to get a vaccine shot?
Tell everyone they need it or you might die.
Then tell everyone there is a vaccine shortage.
Folks line up like cattle.
U.S. to Sell $81 Billion in Long-Term Debt Next Week
http://www.bloomberg.com/apps/news?pid=20601103&sid=aH2FinPy5KCA
Goodbye future.
Congress Funds Study on How To Avoid Constituents, Stay in Office
http://blog.heritage.org/2009/10/28/congress-funds-study-on-how-to-avoid-constituents-and-stay-in-office/
This is particularly spooky:
Yushchenko called on to help Ukraine: Unknown virus is killing people
http://kavkazcenter.com/eng/content/2009/11/01/11153.shtml
US and Israel reiterate to Moscow: Military option is on the table
http://www2.debka.com/headline.php?hid=6350
Makes you wonder what is really going on, since Russia just pretended to invade Poland.
Al Gore could become world's first carbon billionaire
http://www.telegraph.co.uk/earth/energy/6491195/Al-Gore-could-become-worlds-first-carbon-billionaire.html
My favorite scam artist is doing well.
Obama will fix H1N1 vaccine shortage: White House
http://www.reuters.com/article/domesticNews/idUSTRE5A24DI20091103
Obama can fix anything!
What is the best way to make you want to get a vaccine shot?
Tell everyone they need it or you might die.
Then tell everyone there is a vaccine shortage.
Folks line up like cattle.
U.S. to Sell $81 Billion in Long-Term Debt Next Week
http://www.bloomberg.com/apps/news?pid=20601103&sid=aH2FinPy5KCA
Goodbye future.
Tuesday, November 3, 2009
The Coming Collapse Part 2
So the gold market is being manipulated and is in trouble. But that isn't all that is going on.
CIT filed for bankruptcy Sunday night. And this is being downplayed by both the media and the government.
It was one year ago when Lehman went down in flames and the housing market crashed. Earlier this year CIT was deemed “to big to fail” and was given over 2 Billion TARP funds. Why should we care about CIT?
CIT is the nations largest loan holder for the SBA, and the largest loan holder for commercial real estate. And the government has decided they are not too big to fail after all.
Commercial real estate has been the big secret that no one has wanted to talk about. It is in the same bubble that housing was in before it's demise. The fact that CIT is bankrupt should be proof positive that the economy is not all sunshine.
Small business are not able to repay loans, and commercial properties are sitting empty and those loans are being defaulted. I think we should consider CIT to be the Lehman of commercial real estate. This will be the first domino to fall, but it will not be the only one.
One of the first victims of this new development will be an increase in bank failures. We are already sitting at 115 seized banks so far this year. I would expect that number to increase dramatically over the next month.
http://www.reuters.com/article/smallBusinessNews/idUSTRE5A22KL20091103
http://money.cnn.com/2009/11/02/news/tarp.travails.fortune/?postversion=2009110216
You can find plenty on this on your own. The thing to remember is that this is only the beginning of the commercial real estate crash that is coming. And it is also going to be dealing a blow to all small business that have been staying alive through loans and financing. What few life lines that have been out there are about to be severed.
But this isn't all that is bad and goes contrary to the happy economic news that is always being pushed on TV.
But so far just remember this:
Gold markets are being manipulated, commercial real estate is crashing, SBA loans are in default, more banks are about to be seized by the Federal Government.
And three names keep coming up, JP Morgan, Goldman Sach's, and Morgan Stanly. Keep that in mind as we move along.
CIT filed for bankruptcy Sunday night. And this is being downplayed by both the media and the government.
It was one year ago when Lehman went down in flames and the housing market crashed. Earlier this year CIT was deemed “to big to fail” and was given over 2 Billion TARP funds. Why should we care about CIT?
CIT is the nations largest loan holder for the SBA, and the largest loan holder for commercial real estate. And the government has decided they are not too big to fail after all.
Commercial real estate has been the big secret that no one has wanted to talk about. It is in the same bubble that housing was in before it's demise. The fact that CIT is bankrupt should be proof positive that the economy is not all sunshine.
Small business are not able to repay loans, and commercial properties are sitting empty and those loans are being defaulted. I think we should consider CIT to be the Lehman of commercial real estate. This will be the first domino to fall, but it will not be the only one.
One of the first victims of this new development will be an increase in bank failures. We are already sitting at 115 seized banks so far this year. I would expect that number to increase dramatically over the next month.
http://www.reuters.com/article/smallBusinessNews/idUSTRE5A22KL20091103
http://money.cnn.com/2009/11/02/news/tarp.travails.fortune/?postversion=2009110216
You can find plenty on this on your own. The thing to remember is that this is only the beginning of the commercial real estate crash that is coming. And it is also going to be dealing a blow to all small business that have been staying alive through loans and financing. What few life lines that have been out there are about to be severed.
But this isn't all that is bad and goes contrary to the happy economic news that is always being pushed on TV.
But so far just remember this:
Gold markets are being manipulated, commercial real estate is crashing, SBA loans are in default, more banks are about to be seized by the Federal Government.
And three names keep coming up, JP Morgan, Goldman Sach's, and Morgan Stanly. Keep that in mind as we move along.
Monday, November 2, 2009
The Comming Collapse - Part 1
This may get a little long, but I have a lot of information to go through as I take you my trip into why we are most likely on the verge of a complete financial collapse. And this has nothing to do with politics, as this has been in the making for a very long time. Our first stop will be a quick look at the oddities in the world Gold market.
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold.....The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."
Alan Greenspan, "Gold and Economic Freedom" (1966).
There have long been rumors of the gold markets being manipulated. Even our own supply is in question, as the Fort Knox gold reserves have not been audited since the 1950's. Another issue is that government actively deflate the price of gold for their own purposes. Here is an excellent article about the shenanigans governments and central banks do with gold to keep their currencies afloat.
Here is another snippet from the article:
In late March, 2009, the gold price had been steadily rising. A number of big gold dealers on the COMEX had large short positions. To make matters worse, during the past few months, more and more people had actually been taking delivery of gold contracts purchased through the COMEX. When a buyer takes delivery, the seller must deliver. If the gold price has risen since the seller went short, then the short seller will suffer a loss. At the end of March, it appears that Deutsche Bank was short a significant quantity of gold which had to be delivered by March 31.
Interestingly, on March 31, the European Central Bank (ECB) announced that it had sold 35.5 tonnes, or about 1,141,351 ounces of gold. On that same day, the Deutsche Bank miraculously delivered a total of 850,000 ounces of gold to COMEX gold buyers. This amounted to 8,500 contracts' worth of gold. The ECB did not reveal the buyer of its gold, nor did the Deutsche Bank reveal where it had gotten enough gold to make its gold delivery. However, it is certainly an interesting "coincidence" that the Deutsche Bank was able to find a way to deliver about 26 tonnes of gold on the same day that the ECB announced that it had sold a huge amount of gold. It is also interesting that the gold price has dropped since the ECB sale.
http://richterreport.com/content.php?id=238&menu_id=15
There is also a motive for gold price suppression from the world's so-called "bullion banks", being large global investment banks carrying a surplus of bullion (Goldman Sachs, JP Morgan, Morgan Stanley, Deutsche Bank for example). By using gold they can access a huge source of capital for spectacular gain, provided the gold price does not rise.
Gold swaps is something I think that needs closer inspection, but right now lets look at this;
Gold derivatives include various complex instruments, but the simplest derivative is the gold futures contract. The turnover of gold futures each day equates to several multiples of the amount of traded gold. Gold futures can be cash settled, so while massive futures selling may imply the sale of a large amount of gold, expired contracts need not require delivery of actual gold.
I think the important thing here is this: expired contracts need not require delivery of actual gold.
The theory goes that the world's bullion banks are "in" on gold price manipulation schemes. JP Morgan is banker to the ESF. Bullion banks were on the wrong side of LTCM's short position default in 1998. If bullion banks "sell" gold via futures contracts, thus suppressing the price, any losses incurred at expiry through a gold price rise can be offset by freshly printed dollars provided by the banks' ultimate guarantor - the Fed.
For more of this excellent article please go here:
http://www.taxfreegold.co.uk/goldpricemanipulationnews.html
The point I am trying to make here is that the gold markets are being manipulated. And the same ounce of gold is being sold over and over again to unlimited numbers of people and governments. Now hoe could this happen you might ask me? Easy, gold certificates.
When you buy gold, usually you don't actually receive the gold to hold in your hand and watch it sparkle with awe. You receive a gold certificate that says you own some gold in a vault somewhere. Surprisingly, very few people actually take delivery on their purchase. In a perfect world this would not be a big deal.
But in a perfect world, the main players is n this scam would not be Goldman Sach's, and JP Morgon either. Two of the dirtiest hands in last years financial meltdown, of which they both surprising not only survived, but profited greatly at the demise of the country.
Now what happened when suddenly everyone that bought that ounce of gold actually wants it to put in their hand? A major problem for these banks. If you read the first article, they sold gold they didn't have, and had to cut some deals to come up with it.
They had the same problem at the London Comex this year, when the greedy little people wanted to actually take delivery of the gold they had purchased.
On Tuesday morning, gold derivatives dealers, who had sold short in the face of a fast rising gold price, faced a serious predicament. Some 27,000 + contracts, representing about 15% of the April COMEX gold futures contracts remained open. Technically, short sellers are required to give “notice” of delivery to long buyers. However, in reality, buyers are the ones who control the amount of gold to be delivered. They “demand” delivery of physical gold by holding futures contracts past the expiration date. This time, long buyers were demanding in droves.
http://www.marketskeptics.com/2009/04/did-ecb-save-comex-from-gold-default.html
You would think this was illegal, and it is. But they seem to own the overseers.
This is a fun read, and I get the impression they don't like good old JP.
http://www.marketoracle.co.uk/Article6826.html
So what does all this mean? Well, what would happen if everyone who thought they owed gold suddenly discovered that all they own is a worthless piece of fancy looking paper? 500 folks they never heard of own the same chunk of gold as they do. What would that do to what is left of personal wealth? How many banks would go down the drain in a mess like that? How many governments would discover they don't have the gold reserves they thought they had.
What would happen to the global economy? Complete and total disaster. If this was the only thing going on it would be horrible enough on it's own.
Wall Street would collapse again, that is for sure. So would all the non central banks. Lucky for us that JP and Goldman have worked their way into the government and the Federal Reserve, so they will survive. Well, probably not only survive, but once again profit at the expense of everyone else.
As gold goes up, the dollar goes down. And against all logic, gold has been holding around the $100 mark. It really should be around the $2,000 mark right now. But it isn't. Because it's being kept down artificially to keep everyone's currencies on life support.
I believe there is ample evidence that the gold market is shaky at best right now. Soon the dirty little secret will come out from the dark. That out of all the gold certificates and derivatives people around the world own, that is all they own, and the banks have been selling worthless paper over and over again, without the gold reserves to back it.
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold.....The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."
Alan Greenspan, "Gold and Economic Freedom" (1966).
There have long been rumors of the gold markets being manipulated. Even our own supply is in question, as the Fort Knox gold reserves have not been audited since the 1950's. Another issue is that government actively deflate the price of gold for their own purposes. Here is an excellent article about the shenanigans governments and central banks do with gold to keep their currencies afloat.
Here is another snippet from the article:
In late March, 2009, the gold price had been steadily rising. A number of big gold dealers on the COMEX had large short positions. To make matters worse, during the past few months, more and more people had actually been taking delivery of gold contracts purchased through the COMEX. When a buyer takes delivery, the seller must deliver. If the gold price has risen since the seller went short, then the short seller will suffer a loss. At the end of March, it appears that Deutsche Bank was short a significant quantity of gold which had to be delivered by March 31.
Interestingly, on March 31, the European Central Bank (ECB) announced that it had sold 35.5 tonnes, or about 1,141,351 ounces of gold. On that same day, the Deutsche Bank miraculously delivered a total of 850,000 ounces of gold to COMEX gold buyers. This amounted to 8,500 contracts' worth of gold. The ECB did not reveal the buyer of its gold, nor did the Deutsche Bank reveal where it had gotten enough gold to make its gold delivery. However, it is certainly an interesting "coincidence" that the Deutsche Bank was able to find a way to deliver about 26 tonnes of gold on the same day that the ECB announced that it had sold a huge amount of gold. It is also interesting that the gold price has dropped since the ECB sale.
http://richterreport.com/content.php?id=238&menu_id=15
There is also a motive for gold price suppression from the world's so-called "bullion banks", being large global investment banks carrying a surplus of bullion (Goldman Sachs, JP Morgan, Morgan Stanley, Deutsche Bank for example). By using gold they can access a huge source of capital for spectacular gain, provided the gold price does not rise.
Gold swaps is something I think that needs closer inspection, but right now lets look at this;
Gold derivatives include various complex instruments, but the simplest derivative is the gold futures contract. The turnover of gold futures each day equates to several multiples of the amount of traded gold. Gold futures can be cash settled, so while massive futures selling may imply the sale of a large amount of gold, expired contracts need not require delivery of actual gold.
I think the important thing here is this: expired contracts need not require delivery of actual gold.
The theory goes that the world's bullion banks are "in" on gold price manipulation schemes. JP Morgan is banker to the ESF. Bullion banks were on the wrong side of LTCM's short position default in 1998. If bullion banks "sell" gold via futures contracts, thus suppressing the price, any losses incurred at expiry through a gold price rise can be offset by freshly printed dollars provided by the banks' ultimate guarantor - the Fed.
For more of this excellent article please go here:
http://www.taxfreegold.co.uk/goldpricemanipulationnews.html
The point I am trying to make here is that the gold markets are being manipulated. And the same ounce of gold is being sold over and over again to unlimited numbers of people and governments. Now hoe could this happen you might ask me? Easy, gold certificates.
When you buy gold, usually you don't actually receive the gold to hold in your hand and watch it sparkle with awe. You receive a gold certificate that says you own some gold in a vault somewhere. Surprisingly, very few people actually take delivery on their purchase. In a perfect world this would not be a big deal.
But in a perfect world, the main players is n this scam would not be Goldman Sach's, and JP Morgon either. Two of the dirtiest hands in last years financial meltdown, of which they both surprising not only survived, but profited greatly at the demise of the country.
Now what happened when suddenly everyone that bought that ounce of gold actually wants it to put in their hand? A major problem for these banks. If you read the first article, they sold gold they didn't have, and had to cut some deals to come up with it.
They had the same problem at the London Comex this year, when the greedy little people wanted to actually take delivery of the gold they had purchased.
On Tuesday morning, gold derivatives dealers, who had sold short in the face of a fast rising gold price, faced a serious predicament. Some 27,000 + contracts, representing about 15% of the April COMEX gold futures contracts remained open. Technically, short sellers are required to give “notice” of delivery to long buyers. However, in reality, buyers are the ones who control the amount of gold to be delivered. They “demand” delivery of physical gold by holding futures contracts past the expiration date. This time, long buyers were demanding in droves.
http://www.marketskeptics.com/2009/04/did-ecb-save-comex-from-gold-default.html
You would think this was illegal, and it is. But they seem to own the overseers.
This is a fun read, and I get the impression they don't like good old JP.
http://www.marketoracle.co.uk/Article6826.html
So what does all this mean? Well, what would happen if everyone who thought they owed gold suddenly discovered that all they own is a worthless piece of fancy looking paper? 500 folks they never heard of own the same chunk of gold as they do. What would that do to what is left of personal wealth? How many banks would go down the drain in a mess like that? How many governments would discover they don't have the gold reserves they thought they had.
What would happen to the global economy? Complete and total disaster. If this was the only thing going on it would be horrible enough on it's own.
Wall Street would collapse again, that is for sure. So would all the non central banks. Lucky for us that JP and Goldman have worked their way into the government and the Federal Reserve, so they will survive. Well, probably not only survive, but once again profit at the expense of everyone else.
As gold goes up, the dollar goes down. And against all logic, gold has been holding around the $100 mark. It really should be around the $2,000 mark right now. But it isn't. Because it's being kept down artificially to keep everyone's currencies on life support.
I believe there is ample evidence that the gold market is shaky at best right now. Soon the dirty little secret will come out from the dark. That out of all the gold certificates and derivatives people around the world own, that is all they own, and the banks have been selling worthless paper over and over again, without the gold reserves to back it.
H1N1 and troops to Afgan - is there a connection?
The Obama administration is quietly dusting off an effort to impose new federal quarantine regulations, which were vigorously resisted by civil liberties organizations and the airline industry when the rules were first proposed by the Bush administration nearly four years ago.
http://www.politico.com/news/stories/0809/25814.html
Something a friend of mine said made me wonder about something. Why has the White House been putting off it's decisions about troop reinforcements being sent to Afghanistan? I don't know if I have the answer, but I do have a good conspiracy theory!
I've been trying to find what the federal quarantine regulations are that Obama has quietly brought back to life. All I have found so far really is they call for provisional quarantine's lasting from 3 to 6 days. That was the old Bush plan, so I am not sure what is in the new deal. I'm sure it is tucked away somewhere on a government web site, buried in a ton of hard to read government speak.
I do know that over a month ago the DOD and DHS had gotten together to work out their pandemic contingency plans. Yesterday I showed you the CDC web site where they changed the way they count the flu numbers, and are in fact inflating the numbers by counting nearly every case of the sniffles as H1N1.
Last week the President declared a State of National Emergency due to H1n1, using the fraudulent and inflated numbers supplied by the CDC as the reason.
Now we have the apparent vaccine shortage that the government didn't see coming. Of the horrors of it all.
Right now your asking yourself, what does this have to do with troop deployment overseas?
Simple. You can't declare a national quarantine without first declaring a National State of Emergency. And you can't enforce a national quarantine unless you have troops at the ready and at your disposal.
We've been told for years that our troops are already stretched thin as it is. And in the event of a national emergency, it would take months to recall enough troops to enforce a national quarantine, or to put down any civil unrest.
And if there is something nefarious in the works, you would want to delay sending your troops off for as long as possible, for any reason you could come up with.
Putting off the decision until after some more bogus elections is a very week reason for delaying a decision, when we already have folks there and they are getting killed. Now that the election seems to no longer be taking place, it will be interesting to see what the President decides now.
The White House has already leaked that they at best will only send half of what the Generals on the ground have asked for. But they clearly did not want to make the final and official decision until at least two weeks from now. Going forward, I think we should keep mid November in mind, just to see what if anything happens.
Personally, I am of the mind that he is holding the troops back for a national quarantine that has already been planned.
That would explain the fraudulent CDC numbers reported, and the declared State of Emergency.
I am still of a mind that the economy is about to collapse. And I will get into that next time. But as I have been suspecting since last June, I still think the government will use the H1N1 as cover for when it collapses. And the military will already by in place to impose martial law and keep civil unrest at a minimum.
To be continued.
http://www.politico.com/news/stories/0809/25814.html
Something a friend of mine said made me wonder about something. Why has the White House been putting off it's decisions about troop reinforcements being sent to Afghanistan? I don't know if I have the answer, but I do have a good conspiracy theory!
I've been trying to find what the federal quarantine regulations are that Obama has quietly brought back to life. All I have found so far really is they call for provisional quarantine's lasting from 3 to 6 days. That was the old Bush plan, so I am not sure what is in the new deal. I'm sure it is tucked away somewhere on a government web site, buried in a ton of hard to read government speak.
I do know that over a month ago the DOD and DHS had gotten together to work out their pandemic contingency plans. Yesterday I showed you the CDC web site where they changed the way they count the flu numbers, and are in fact inflating the numbers by counting nearly every case of the sniffles as H1N1.
Last week the President declared a State of National Emergency due to H1n1, using the fraudulent and inflated numbers supplied by the CDC as the reason.
Now we have the apparent vaccine shortage that the government didn't see coming. Of the horrors of it all.
Right now your asking yourself, what does this have to do with troop deployment overseas?
Simple. You can't declare a national quarantine without first declaring a National State of Emergency. And you can't enforce a national quarantine unless you have troops at the ready and at your disposal.
We've been told for years that our troops are already stretched thin as it is. And in the event of a national emergency, it would take months to recall enough troops to enforce a national quarantine, or to put down any civil unrest.
And if there is something nefarious in the works, you would want to delay sending your troops off for as long as possible, for any reason you could come up with.
Putting off the decision until after some more bogus elections is a very week reason for delaying a decision, when we already have folks there and they are getting killed. Now that the election seems to no longer be taking place, it will be interesting to see what the President decides now.
The White House has already leaked that they at best will only send half of what the Generals on the ground have asked for. But they clearly did not want to make the final and official decision until at least two weeks from now. Going forward, I think we should keep mid November in mind, just to see what if anything happens.
Personally, I am of the mind that he is holding the troops back for a national quarantine that has already been planned.
That would explain the fraudulent CDC numbers reported, and the declared State of Emergency.
I am still of a mind that the economy is about to collapse. And I will get into that next time. But as I have been suspecting since last June, I still think the government will use the H1N1 as cover for when it collapses. And the military will already by in place to impose martial law and keep civil unrest at a minimum.
To be continued.
Sunday, November 1, 2009
What does the CDC say?
Every now and then I like to check out the CDC web page to see what is new in the world of the H1N1 Pandemic. Since President Obama declared a State of National Emergency last Friday night after all the news media went home for the weekend, I thought I would check again to see how bad things really are.
As you might know, from the beginning I have had serious doubts about this being as bad as the media has made it our to be. And I have wondered where all these huge numbers of sick and dying were coming from, since they stopped actually testing for the H1N1 virus months ago. And the CDC page has the answers.
The CDC has changed the way influenza is being reported, just for the swine flu.
These will be reports of all influenza and pneumonia-related hospitalizations and deaths, not just those due to 2009 H1N1.
Yes, you read that correctly, all influenza and pneumonia-related hospitalizations and deaths, are now counted counted as H1N1. It almost reads like any respiratory illness and or death, is now tallies up as swine flu. Isn't that what I have been speculating all along?
However, the syndromic reports of all hospitalizations and deaths recorded as either influenza or pneumonia will mean that the case counts are less specific than before and will include cases that are not related to influenza infection.
That looks a lot like government talk for we are knowingly inflating the numbers.
Due to CDC’s new case definitions, there will be no definitive way to differentiate between hospitalizations and deaths due to seasonal influenza versus those due to 2009 H1N1 influenza from aggregate reporting. And some deaths that are not due to influenza specifically will be included.
So they are indeed, inflating the numbers of illness and death related to H1N1.
But don't take my word for it, read the CDC site:
http://www.cdc.gov/h1n1flu/reportingqa.htm
So the question is why? Why create a pandemic, and inflate the numbers to support your claim. Why declare a State of National Emergency, when you know the numbers are inflated? Could it be as simple as a grand money making scheme for the drug manufacturers and the world governments?
35,000 people die every year from influenza in the United States alone. This year this number will escalate simply by the changing of the criteria of how, and what, they are counting the flu cases. I am not saying H1N1 is probably very nasty and might kill folks. I am saying there is no real evidence of a pandemic, and the numbers from the government are now backing up my argument.
What I fear is this sham was perpetrated as a means to an end. I think the numbers were inflated specifically so that a State of National Emergency could be declared under the radar. And my real fear is that this is only step one.
As you might know, from the beginning I have had serious doubts about this being as bad as the media has made it our to be. And I have wondered where all these huge numbers of sick and dying were coming from, since they stopped actually testing for the H1N1 virus months ago. And the CDC page has the answers.
The CDC has changed the way influenza is being reported, just for the swine flu.
These will be reports of all influenza and pneumonia-related hospitalizations and deaths, not just those due to 2009 H1N1.
Yes, you read that correctly, all influenza and pneumonia-related hospitalizations and deaths, are now counted counted as H1N1. It almost reads like any respiratory illness and or death, is now tallies up as swine flu. Isn't that what I have been speculating all along?
However, the syndromic reports of all hospitalizations and deaths recorded as either influenza or pneumonia will mean that the case counts are less specific than before and will include cases that are not related to influenza infection.
That looks a lot like government talk for we are knowingly inflating the numbers.
Due to CDC’s new case definitions, there will be no definitive way to differentiate between hospitalizations and deaths due to seasonal influenza versus those due to 2009 H1N1 influenza from aggregate reporting. And some deaths that are not due to influenza specifically will be included.
So they are indeed, inflating the numbers of illness and death related to H1N1.
But don't take my word for it, read the CDC site:
http://www.cdc.gov/h1n1flu/reportingqa.htm
So the question is why? Why create a pandemic, and inflate the numbers to support your claim. Why declare a State of National Emergency, when you know the numbers are inflated? Could it be as simple as a grand money making scheme for the drug manufacturers and the world governments?
35,000 people die every year from influenza in the United States alone. This year this number will escalate simply by the changing of the criteria of how, and what, they are counting the flu cases. I am not saying H1N1 is probably very nasty and might kill folks. I am saying there is no real evidence of a pandemic, and the numbers from the government are now backing up my argument.
What I fear is this sham was perpetrated as a means to an end. I think the numbers were inflated specifically so that a State of National Emergency could be declared under the radar. And my real fear is that this is only step one.
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