The FOMC decided to buy Treasurys....well, to buy just about anything...today. The FED will expand its balance sheet by $1.15 trillion dollars!
[read: printing more money we do not have a.k.a. devaluing the dollar some more]
"We're not even close to the bottom and therefore the Fed is engaging in massive quantitative easing." William Poole, former Pres. of the St. Louis Fed
Benchmark 10-year Treasury yields post biggest decline since records started being kept in 1962. Bloomberg 3-18-09.
Oh yay, Team Obama. Every pauper a trillionaire, just like Zimbabwe. Great plan!
Thursday, 19 March 2009
MUGABENOMICS at the FOMC..........by Rico
News....
Guilty as Hell, Free as a Bird (for now). Will justice catch up with Bill Ayers?
Missouri police given chilling instructions. Conservatives under surveillance!
As Labour refuses to pay for veterans' return to Normandy beaches, an invitation to go into battle for our D-Day heroes. Goes to show what a bunch of scum Labour are.
The great jobs divide: Public sector still recruiting with big pay rises as unemployment hits two million. Votes for jobs.
£15,000 a month for suspended boss of 'Third World' NHS hospital... as wall of shame reveals shocking death toll. He should face criminal charges.
I'm standing up for Britain, says Sri Lankan postmaster who won't serve migrants who won't learn English. Good man.
£20bn replacement for Trident submarines in doubt as MPs warn US missiles may not fit. So make them fit!
ANC to shift to the Left after South Africa's presidential election. Another Zimbabwe in the making.
US 'to expand Pakistan air strikes targeting al-Qaeda and the Taliban'. MOAB the mothers.
Fed to buy $300bn of government debt. What with?
North Korean officials cross the border to arrest US journalists. North Korea needs a slap.
The Knock on the Door. The Cult of Obama. Kim il Jong has nothing on Barack when it comes to 'organising' his support.
Hai’a in combat with sorcerers, magicians. WTF!
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Quotes....
'The road to hell is paved with good intentions.' - Samuel Johnson
'Love doesn’t make the world go around,love is what makes the ride worthwhile.' - Franklin P. Jones
'Experience is what enables you to recognize a mistake when you make it again.' - Franklin P. Jones
'Our task is not to fix the blame for the past, but to fix the course for the future.' - John F. Kennedy
'It may be those who do most, dream most.' - Stephen Leacock
'Tact is the ability to describe others as they see themselves.' - Abraham Lincoln
'Those who suppress freedom always do so in the name of law and order.' - John Lindsay
'Corrupt, stupid grasping functionaries will make at least as big a muddle of socialism as stupid, grasping and acquisitive employers can make of capitalism.' - Walter Lippmann
Wednesday, 18 March 2009
Experiment in Socialism
An economics professor at Texas Tech said he had never failed a single student before but had, once, failed an entire class. The class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer. The professor then said, "OK, we will have an experiment in this class on socialism."
All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A. After the first test the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. But, as the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided that since they could not make an A, they studied less. The second Test average was a D! No one was happy. When the 3rd test rolled around the average was an F.
The scores never increased as bickering, blame, name calling all resulted in hard feelings and no one would study for anyone else. All failed to their great surprise and the professor told them that socialism would ultimately fail because the harder people try to succeed the greater their reward but when a government takes all the reward away; no one will try or succeed.
H/T Shelly
Idiot in Chief.....
A teleprompt blunder has led to Barack Obama thanking himself in a speech at the White House in a St Patrick's Day celebration. He truly is a muppet! But who has their hand up his ass?
H/T Nebraska Bob
More from Rico....
Anthropomorphic Global Warming (MMGW) had been the very best hobgoblin/boogeyman ever created by the 'progressive' left to terrorize the population into surrendering what wealth and liberty that had not already been swindled from them by government. The lefties refused to abandon such a winner (even in the face of scientific fact) until they found an even better boogeyman/hobgoblin.
They have it now.
The Global Financial Crisis (GFC) is the replacement for MMGW. Thanks to the GFC government(s) have managed to burrow more deeply into the private economy due to the economic meltdown than it ever could have hoped to do via MMGW. The left will now allow MMGW to die a quiet death while it concentrates on this 'new' opportunity to enslave the people and pick their pockets.
And remember: if you're still a taxpayer, you're still rich...you won't be 'safe' from Team Obama until you're broke and on permanent government welfare/the dole. If you don't believe me, just listen to any of the Marx brothers when they speak...listen very closely.
also...
Had Enough FRAUD America?
H/T Jeff H
Rico Writes.......
Incandescently clueless. Intentionally so, or merely inept beyond belief? I remain undecided which it is, while the end result is exactly the same.
Obama's snub of Great Britain or the Hildebeast's recent Middle East fiasco...as a former (now deceased) Army SFC buddy of mine would have observed: Nothing good can come of this!
Who knew this about vodka?
1. To remove a bandage painlessly, saturate the bandage with vodka. The stuff dissolves adhesive.
2. To clean the caulking around bathtubs and showers, fill a trigger-spray bottle with vodka, spray the caulking, let set five minutes and wash clean. The alcohol in the vodka kills mold and mildew.
3. To clean your eyeglasses, simply wipe the lenses with a soft, clean cloth dampened with vodka. The alcohol in the vodka cleans the glass and kills germs.
4. Prolong the life of razors by filling a cup with vodka and letting your safety razor blade soak in the alcohol after shaving. The vodka disinfects the blade and prevents rusting.
5. Spray vodka on wine stains, scrub with a brush, and then blot dry.
6. Using a cotton ball, apply vodka to your face as an astringent to cleanse the skin and tighten pores.
7. Add a jigger of vodka to a 12-ounce bottle of shampoo. The alcohol cleanses the scalp, removes toxins from hair, and stimulates the growth of healthy hair.
8. Fill a sixteen-ounce trigger-spray bottle with vodka and spray bees or wasps to kill them.
9. Pour one-half cup vodka and one-half cup water into a Ziploc freezer bag and freeze for a slushy, refreshing ice pack for aches, pain or black eyes.
10. Fill a clean, used mayonnaise jar with freshly packed lavender flowers, fill the jar with vodka, seal the lid tightly and set in the sun for three days. Strain liquid through a coffee filter, then apply the tincture to aches and pains.
11. To relieve a fever, use a washcloth to rub vodka on your chest and back as a liniment.
12. To cure foot odor, wash your feet with vodka.
13 Vodka will disinfect and alleviate a jellyfish sting
14. Pour vodka over an area affected with poison ivy to remove the urushiol oil from your skin.
15. Swish a shot of vodka over an aching tooth. Allow your gums to absorb some of the alcohol to numb the pain.
H/T Andi B
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