This .wmv is shocking, but very true (unlike Al Bore's hysteria) yet people are more concerned with fakey-made-up crises like MMGW and are completely ignoring this very REAL crisis.
AND IT GETS EVEN BETTER! The FOMC is meeting again and 'floating' the idea of the Fed buying Treasurys because the US Gov't needs to finance its huge debt. This = printing even MORE money (devaluing it further).
I have to agree with Marc Faber (Dr. Doom) that the USG bond market is a disaster waiting to happen.
There is NO WAY the laws of financial gravity can be denied. We know that we cannot spend our way out of debt by going deeper into debt. (Don't try this at home, kids.)
Think zero interest rates are to help our economy? The likes of us? Think again: when interest rates are raised by the Fed to 'control' inflation, the cost to finance the raging public debt skyrockets (read: we're printing free money right now, but as % rates increase we'll have to pay more/print more to keep the ship of state afloat).
I've said it before, but it bears repeating: Think the Weimar Republic (Germany after WWI and before Hitler and WWII) and Zimbabwe (Rhodesia under Communism). HYPERINFLATION. Paper money so worthless the ink to print it is more valuable than the finished product is as a medium of exchange. Yikes!
Tuesday, 17 March 2009
Reality is SO inconvenient...........from Rico.
Quote:
'A plot to flood Britain with fake pound coins has been foiled by police in Italy. The two men have been charged with quantative easing!' - Richard Littlejohn.
F1 News....
F1 wins will decide world title. Having just looked at the stats for the last few years this seems to be another case of what Ferrari wants Ferrari gets. There I could just be being sceptical.
FIA introduces £30m budget cap. This is more welcome as teams spending more than 30m will be restricted as to what technology they can use. Getting rid of refuelling in 2010 should also help. Everyone will then have the same amount of gas at the start so those at the front will not be allowed to go light and run away from the pack.
Late News.....
Fuck You Very Much, Mistah Commander-in-Chief. Sir
American Legion commander “angered” after meeting Obama.
Attack Rush? Go Ahead, Make My Day.
Obama, Kruschev, and Limbaugh
Mufti of Dubai: Women can issue fatwa.
Russian president orders military rearmament.
H/T Mac & Shelly
and finally....
With a name like "O'Bama," he must be Irish
Mary Clancy goes up to Father O'Grady after his Sunday morning service, and she's in tears.
He says, 'So what's bothering you, Mary my dear?'
She says, 'Oh, Father, I've got terrible news.. My husband passed away last night.'
The priest says, 'Oh, Mary, that's terrible. Tell me, Mary, did he have any last requests?'
She says, 'That he did, Father.'
The priest says, 'What did he ask, Mary?'
She says, 'He said, Please Mary, put down that damn gun..'
H/T Shelly
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Parliament and Congress should use the 'Scales of Justice'
Charles De Gaulle said, "I have come to the conclusion that politics are too serious a matter to be left to the politicians."
The town of High Wycombe in Buckinghamshire has found a practical solution: It weighs its mayors at the start and end of each term.
Any weight gain is deemed to have been made at taxpayers' expense, and it's met with jeers and the occasional tomato.
No one knows how the custom began, but it dates at least from the time of Edward I and apparently was once widespread. Wycombe is the only town in England where it survives.
H/T DML
