Read more
HERE
Thursday, 5 November 2009
Default? Nawww. Huh???..........from Rico
The governments of every major nation ARE going to default on their debts. There are only two questions:
- 1. How?
- 2. When?
Nawwwww!!!
Of course, government establishments DENY this. They have gained power by the expansion of government.
- Politicians LIE. Voters believe them. The mendacity of governments never changes or abates, nor does public gullibility.
Governments have become universally Keynesian.
The LIES:
- Treasury debt will keep its AAA rating.
- Treasury debt is backed by "the full faith and credit" of the US government.
- Inflation can be controlled.
Anyone who cares to look (rather than watch Prancing With The Stars or Katie Couric) is familiar with the unfunded off-budget liabilities and the on-budgt Fed debt...which are impossible now to ever repay.
So? Default HOW?
- Outright default. Not very likely, but i would have said this about our debt levels a year ago, too.
- Selective default. Congress repudiates major benefit promises rather than US debt.
- Inflation. Mass (up to 50%) or Hyper (sky's the limit..think Zimbabwe). Mass inflation seems more likely over the next decade. Since inflation is a HIDDEN default on political promises, our pol's can "blame" speculators or greedy businessmen instead of taking the responsibility themselves.
So...Zimbabwe option OR another Great Depression?
- My guess is that Central Banks will bail out their largest banks and try to avoid hyperinflation, while accepting mass inflation and at some point refusing to further bail out their respective governments.
Hey, wait!!! We're almost there now!!! Hmmmmm....guess I may have inadvertantly put the tail on the #2 donkey (infra) "when" just now.
Those who do not see this coming will be scratching their....er, heads and saying "huh?"
Time Machine.............
President Obama and Gordon Brown are shown a time machine which can see 100
years into the future.
They both decide to test it by asking a question each.
President Obama goes first:
"What will the USA be like in 100 years time?"
The machine whirrs and beeps and goes into action and gives him a printout, he reads it out:
"The country is in good hands under the new president, crime is non-existent, there is no conflict, the economy is healthy. There are no worries"
Gordon Brown thinks "It's not bad this time machine, I'll have a bit of that" so he asks:
"What will Britain be like in 100 years time?"
The machine whirrs and beeps and goes into action, and he gets a printout.
But he just stares at it.
"Come on Gordon" says Obama, "Tell us what it says"
"I can't! It's all in Arabic!"
H/T Maurice
News......
Heathrow Blow
Gay Harvard Law School Grad Sets Fire to 9/11 Chapel in NYC
Climate change belief given same legal status as religion
Iran protests: opposition clashes with security forces
Republicans celebrate election victories in double blow to Barack Obama
US 'disappointed' at Italian verdict on CIA kidnap
Iraq tries to lure British tourists in search of adventure
Venezuela denies Israeli charges it is Iran 'base'
Simon Mann faces Scotland Yard grilling as he lands in Britain
Yemen civil war spills over border as Saudi official is killed in attack
Democrats losing support just a year into President Obama’s term
and finally......
The Long Arm of IDF Naval Commandos
Dear Alcohol,
First and foremost, let me tell you that I'm a huge fan of yours.
As my friend, you always seem to be there when needed. The perfect post-work cocktail, a beer at the game, and you're even around at the holidays (hidden inside chocolates as you warm us when we're stuck in the midst of endless family gatherings).
However, lately I've been wondering about your intentions. While I want to believe that you have my best interests at heart, I feel that your influence has led to some unwise consequences:
1. Phone Calls and text messages: While I agree with you that communication is important, I question the suggestion that any conversation after 2 a.m. can have much substance or necessity. Why would you make me call my ex's? Especially when I know, for a fact, they DO NOT want to hear from me during the day, let alone all hours of the night.
2. Eating: Now, you know I love a good meal. But, why do you suggest that I eat a taco with chilli sauce along with a big Italian meatball and some stale chips (washed down with wine & topped off with a Kit Kat AFTER a few cheese curls & chilli cheese fries)? I'm an eclectic eater but, I think you went too far this time.
3. Clumsiness: Unless you're subtly trying to tell me that I need to do more yoga to improve my balance, I see NO need to hammer this issue home by causing me to fall down. It's completely unnecessary, and the black & blue marks that appear on my body mysteriously the next day are beyond me. Similarly, it should never take me more than 45 seconds to get the front door key into the lock.
4. Furthermore: The hangovers have GOT to stop! This is getting ridiculous. I know a little penance for our previous evening's debauchery may be in order. Bu t, the 3 p.m. hangover immobility is completely unacceptable. My entire day is shot. I ask that if the proper precautions are taken (water, vitamin B, bread products, aspirin) prior to going to sleep/passing out (face down on the kitchen floor with a bag of popcorn or wherever). The hangover should be minimal and in no way interfere with my daily activities.
Alcohol, I have enjoyed our friendship for some years now and would like to ensure that we remain on good terms. You've been the invoker of great stories, the provocation for much laughter, and the needed companion when I just don't know what to do with the extra money in my pockets.
In order to continue this friendship, I ask that you carefully review my grievances above and address them immediately. I will look for an answer no later than Friday 3 p.m. (pre happy hour) on your possible solutions. And hopefully we can continue this fruitful partnership.
Thank you,
Your Biggest Fan
H/T DML
.jpg)
.jpg)
.jpg)
A few more one-liners
61. My opinions may have changed, but not the fact that I am right.
62. We have enough gun control. What we need is idiot control.
63. I intend to live forever. So far, so good.
64. Some cause happiness wherever they go. Others whenever they go.
65. A diplomat is someone who can tell you to go to hell in such a way that you will look forward to the trip.
66. My psychiatrist told me I was crazy and I said I want a second opinion. He said okay, you’re ugly too.
67. Hospitality: making your guests feel like they’re at home, even if you wish they were.
68. Money can’t buy happiness, but it sure makes misery easier to live with.
69. I discovered I scream the same way whether I’m about to be devoured by a great white shark or if a piece of seaweed touches my foot.
70. I don’t trust anything that bleeds for five days and doesn’t die.
71. I should’ve known it wasn’t going to work out between my ex-wife and me. After all, I’m a Libra and she’s a bitch.
72. I got in a fight one time with a really big guy, and he said, “I’m going to mop the floor with your face.” I said, “You’ll be sorry.” He said, “Oh, yeah? Why?” I said, “Well, you won’t be able to get into the corners very well.”
73. Worrying works! 90% of the things I worry about never happen.
74. When in doubt, mumble.
75. I always take life with a grain of salt, …plus a slice of lemon, …and a shot of tequila.
76. There’s a fine line between cuddling and holding someone down so they can’t get away.
77. A little boy asked his father, “Daddy, how much does it cost to get married?” Father replied, “I don’t know son, I’m still paying.”
78. Just remember…if the world didn’t suck, we’d all fall off.
79. I used to be indecisive. Now I’m not sure.
80. You’re never too old to learn something stupid.
H/T DML
DAY LATE AND A DOLLAR SHORT
THIRTY YEARS WAR
That's the optimistic name for the war we are in right now . . .
Real world constraints kept me from the computer . . . I was supposed to post yesterday . . . H-E-E-E-Y it's not an excuse its a REASON ! ! ! STORMBRINGER
Republic of Tofurkey
Glenn Beck Imitates Gore's Laugh. Worth a watch. Hear Gore explain nutrition! "Not a laughable issue, Methane." No. Didn't think so!
Dennis Miller explains FOX. According to HuffPo, it's a "slam." Is that why liberals don't know how to vote? They're not sufficiently medicated to know what they're hearing and seeing? That's Really Remarkable.
David Satter: Yesterday Communism, Today Radical Islam
Reuters: Obama Struggles with Bush Legacy. Yeah. That's what he does best, all righty! The Democratic Majority Starts to Unravel.
"After their rout Tuesday in key state elections, Democrats would be wise to take a lesson from history. No, we're not talking 1994, when the GOP took back Congress after two years of Clinton. We're talking 1938.
"That little-remembered year during the depths of the Great Depression was one of the most edifying in electoral history. With FDR in the White House, and still very popular, a rogue Congress with radical ideas embarked on a series of legislative initiatives that helped push a recovering economy back into depression.
"The result: Democrats lost 80 seats in the 1938 election, after gaining seats in 1930, 1932, 1934 and 1936."
Humility and Modesty at the Rebel. Not for the Prim.
Subscribe to:
Posts (Atom)
