H/T DJ Elliott
Sunday, 23 October 2011
Collapse..............from Rico
This will collapse Governments.
- Forget Arab Spring, the Fall of the Banksters is already baked into the cake, and it will have grimmer consequences for all of us. Many will be 'wiped out' if they do not get out of the way of the coming collapse.
We all understand that Washington is "broken" (only the denizens remain oblivious). What most do NOT know is that the 'banking system' is bankrupt. Not just ethically like Washington, but truly and literally bankrupt. Broke. El busto!
- And it is exactly the coming Bank failures that will collapse Governments (why do you think Governments are trying so hard to save the Banks? It's not for YOUR benefit, but for their own self-interest and preservation.)
- And NO, I do not blame Wall Street for it is the Government that has (a) mucked things up, and (b) made things worse trying to 'fix' their original FUBAR'S.
Some predictions:
- Bank of America will be the US's next Lehman/AIG moment. Will, not IF.
- Greece will default, and the default contagion will spread.
- Euro megabanks will collapse.
- EU Governments will get further credit downgrades.
- Spain and Italy will default on their monstrously HUGE debts.
- Global debt markets will have a Fukushima/Chernobyl-like melt-down.
- There will be sovereign defaults, bank failures, and a global depression.
All of these elephants are now dancing, and the ants had best get themselves out of the way!
- The idiots that got us into this mess are unable to get us out. Ignore them and think for yourselves. Make friends now with a Farmer (or become one), because the worthless paper being peddled by the Banksta Gangsta's won't feed you when the 'proverbial' sh*t hits the fan.
The Sunday Best.............
The Most Dangerous Dumb Idea that Will Not Die
Iraq still seeking U.S. trainers: PM Maliki
NYT: Iraq withdrawal outcome of Obama negotiating failure
Stealing Avocados, NCAA Basketball, the USS Carl Vinson, and President Obama
Fareed Zakaria: Iraq Withdrawal Is Victory For Iran
As Libya takes stock, Moammar Kadafi's hidden riches astound
Guest Post: 80 Years Later - Same Culprits, Same Rage
Fraud case leaves California Democrats scrambling
Rule 5 Saturday Night: Curvy Girls
New euro 'empire' plot by Brussels
Libya: The Arab Spring may yet turn to chilly winter
Gaddafi's final hours: Nato and the SAS helped rebels drive hunted leader into endgame in a desert drain
Gaddafi's death puts focus on Libya's future
German space telescope to crash back to Earth
The great imbalance in the immigration courts
Will a Middle East awash with weapons be Gaddafi's final legacy?
Saudi king to hold historic vote
German Intelligence Service Knew Gadhafi's Location
French minister invites 13,000 Twitter fans to bed
and finally..........
Winter in New England #6: Boots and Wellies for footwear fetishists
Leaving Iraq
Gaddafi stashed as much s $200 billion outside Libya.
t
Freeman Field Recovery Team's Videos (Facebook Page) H/T RIS
Muammar, Dead at last
"Gaddafi wasn't any worse than the barbarians that killed him and will replace him. There are no freedom-loving democrats in the entire Muslim world which consists of seventh century-minded brutes." -- Ted Belman, the Israpundit
To read the entire commentary, click here
Saturday, 22 October 2011
CHANNELING ERNEST HEMINGWAY . . .
"The least I can do is lurk around like a refugee from a Victor Hugo novel . . ."
. . . . . . . . . . . . . STORMBRINGER SENDS
Weekend Wow
existence - an eclective collective of cats both cruel and benign with their ability to put steel on target (figuratively - natch) on a wide variety of topictry across American, Allied, Frenemy and Enemy concerns, memes, delights and discourse.
Every week these cats hook up each other with hot hits and big phazed cookies to peruse and then vote on their individual fancy catchers.
Brian over at Snapped Shot has decided to devote his energies to other pursuits instead of blogging and has resigned his seat on the Council. It’s been great having him, and we’ll all miss his good humor and insights on photojournalism.
Check it! Please welcome aboard not one but TWO brand spank spank spanking new Council members, Sard from The Right Planet and GsGf's Naval Advisor, the El Tee from The Mellow Jihadi.
Both cats offer unique perspectives and we are jazzed up beyond repair to have them do the WoW thing and hang in their brainiac giganteus aura.
And now - without further adieu or a don't
Council Winners
- *First place with 2 2/3 votes! Joshuapundit–-Egypt Moves Towards The Abyss
- Second place *t* with 2 votes – The Noisy Room-Lenin’s 99 Percenters
- Second place *t* with 2 votes – The Mellow Jihadi-Three Petty Officers of the United States Navy
- Third place with 1 2/3 votes – The Razor-Out of the Mouths of Babes Comes Gibberish
- Fourth place with 1 1/3 votes – The Colossus of Rhodey-Narcissism Indeed
- Fifth place *t* with 2/3 vote – GrEaT sAtAn”S gIrLfRiEnD – Lord’s Resistance Army
- Fifth place *t* with 2/3 vote – The Political Commentator – Some in the OWS movement, like the Nazis before them, say “Blame the Jews”
- Sixth place *t* with 1/3 vote – Right Truth – Who Are You, Who Who, I Really Wanna Know …
- Sixth place *t* with 1/3 vote – Rhymes With Right – Democrats – Supporting The Terrorist Enemy Is Patriotism, Opposing Obama’s “Jobs Bill” Is Treasonous
- Sixth place *t* with 1/3 vote – The Right Planet – The Surreality of Evil
Non-Council Winners
- First place with 2 votes! – Big Government- Journolist 2.0: Occupy Wall Street Emails Show MSM, Dylan Ratigan, Working With Protesters To Craft Message submitted byBookworm Room
- Second place with 1 2/3 votes – Melanie Phillips – Journalism? No, cruelty and propaganda submitted by Joshuapundit
- Third place *t* with 1 1/3 votes -Sultan Knish – The Age of Accounting submitted by The Noisy Room
- Third place *t* with 1 1/3 vote -Poli Pundit – Republicans Pulling To The Left? submitted by Rhymes With Right
- Fourth place *t* with 1 vote -Common Sense Political Thought – Why Not Just Treat Everybody Equally Under The Law? submitted by The Colossus of Rhodey
- Fourth place *t* with 1 vote -Michael J. Totten – The Swing State of the Levant submitted by The Watcher
- Fourth place *t* with 1 vote -The Ellis Washington Report – Lenin’s ‘useful idiots’ in Manhattan submitted by The Right Planet
- Fifth place *t* with 2/3 vote -The Daily Caller – Red, White and Angry : Communist, Nazi parties endorse ‘Occupy’ protests submitted by The Political Commentator
- Fifth place *t* with 2/3 vote -The Babalu Blog – Remembering Laura Pollán submitted by The Glittering Eye
- Sixth place *t* with 1/3 vote -Global Spin – Obama’s Iran Dilemma: How to Respond to a Plot Seemingly Designed to Provoke Escalation? submitted by GrEaT sAtAn”S gIrLfRiEnD
- Sixth place *t* with 1/3 vote -Newsbusters – Will Other Journalists Follow Martin Bashir and Highlight Anti-Semitism at Wall Street Protests? submitted by Right Truth
- Sixth place *t* with 1/3 vote -Human Events – Guess Where Over Half of America’s New Jobs Came From In June? submitted by VA Right!
- Sixth place *t* with 1/3 vote -Tundra Tabloids – To Be Black In Iraq: They Still Call Me Abd (Slave)…… submitted by The Watcher
Ask not..............from Rico
JFK, a brilliant speech-giver, famously said "Ask NOT what your Country can do for you, but what can YOU do for your Country?"
O'barry, able to read a teleprompter, says "me, me, and me" ad nauseum.
Meanwhile, an entire "gimme-gimme-gimme" generation conditioned to sit upon their kollective asses with their hands outstretched is about to find out that the Country is flat broke, and won't be able to "do" anything for them at some point.
Maggie Thatcher was absolutely right when she observed that 'the only problem with Socialism was you eventually ran out of somebody else's money.'
The Shalit Deal: Whetting The Arabs' Appetite.............by Dan Friedman
It is incredible what political simpletons Jews are. They shut their eyes to one of the most elementary rules of life, that you must not "meet halfway" those who do not want to meet you. -- Ze'ev (Vladimir) Jabotinsky, “The Iron Wall,” November 4, 1923
Just the other day I wrote:
“Beyond the debate over the morality or justice of Israel’s deal to release 1000 terrorists for one kidnapped soldier lies a simple fact: the Arabs always regard Israel’s last offer – even if rejected – as the starting point for new negotiations. Now that the Shalit formula has turned out “successfully,” the precedent has been set. If Israel wants to get the Arab thorn out of its side, it will have to give exponentially more than it receives. And even then Israel will have to accept the likelihood its bargain will come back to haunt it.”
Ynet, 10.21.11
Abbas: Olmert promised more prisoners after Shalit
Palestinian president claims former prime minister secretly vowed to release larger number of detainees after captive soldier's return; tells Time Magazine he expects Netanyahu to keep predecessor's promise.
Read the whole story here including Abbas’s doubletalk; some of the best since Al Kelly passed away.
Dan Friedman
NYC
News............
Madonna, and the 1%, in a Taxi Cab
Murder by Hot Grease
Ghadaffi & The Sitcom Prediction
BLACKFIVE: US Chamber of Commerce launches program to hire vets
Iran will be cheering the loudest at US Iraq withdrawal
CDR Salamander: Fullbore Friday
Green-jobs success: Jobs created … in Finland
Lech Walesa Not Attending #OccupyWallStreet in New York After Discovering Hard-Left Organizers
22 October SWJ Roundup | Small Wars Journal
Saudi crown prince dies aged 83
BLACKFIVE: Celebrations in Libya
Germany: You Know, This Fourth Reich, Euro-Superstate Thing Really Doesn’t Work For Us If Some Dick Smoker From Brussels Is In Charge « SOYLENT GREEN
Occupy…
NATO says it didn't know Kadafi was in targeted Libyan convoy
Venezuelas Chavez says Muammar Qaddafi is â martyr
Musharraf: U.S.-Pakistan Relationship At New Low
US boosts pressure on Pakistan over terrorism
Gaddafi caught like "rat" in a drain, humiliated and shot
I don’t mean to whine, but…
Is the Obama Administration Playing the Race Card in Alabama?
'Iran to soon move nuclear material to bunker'
Herman Cain tweaks 9-9-9 tax plan
In absence of peace, future Israel-France ties uncertain
Nasrallah: 'Next time, we'll begin with attack on Tel Aviv'
Megadonors pump money into SuperPACs
Wal-Mart cuts health coverage for new part-time workers
Obama ends bus tour with pitch to subdued crowd
A Worker's Compensation Defense Attorney On California's Disbursement Of Employment Development Benefits To Illegal Aliens
What Harry Reid Can Teach the GOP About 2012
Senate Votes Down Trimmed Version of Obama's Jobs Bill
Obama: GOP jobs vote 'unacceptable'
Suicide of a Superpower
St Paul's to close for first time since World War II
Tunisian elections: Islamist party expected to triumph as Arab Spring faces first democratic test
Libya is back on the map
India to deploy Bomb Drop Dog
Currency Crisis Heightens Trans-Atlantic Tensions
Hard up students turning to prostitution
Gallup Poll: Only One President Had Lower Approval Rating Than Obama at This Point in His Presidency
Bad man killed, worse may win
Muammar Gaddafi: The many misspellings of the now-dead former Libyan leader
The CURE was POISON................from Rico
Who can forget the failure of Lehman and the frantic activity to 'save' ....er, something, and do it quickly?
- Never let a good crisis go to waste.
The CURE was POISON.
The true cost of the "bailout" of the TBTF friends-of-Hank Paulson is shown in the attached chart.
- If there had been no bailout the cost would have been $3.5 trillion less.
Not shown is the additional $1.2 trillion in annual additional costs because of this bailout ...for each future year!
Yowza!!!!
Despite what Timmy G. and our moronic politicians say, near infinite debt always ends in near infinite pain. It won't be any different this time.
- You'll have to laugh through your tears. You're on the hook for it happy taxpayer! 
Friday, 21 October 2011
A bad rerun of the '70's?...............from Rico
Some of us are old enough to remember Jimmuh Carter's near-destruction of America. I won't get into that here, but will only mention that Barry is outdoing him by a mile!
It is worth bearing in mind that (a) you should never underestimate the stupidity of a bureaucrat or politician, and (b) while history does not repeat exactly, it rhymes really-really well.
The BIG problem, and the one tap-danced around by everyone in the chattering class is DEBT. This problem has NOT been 'solved' and at this stage I do not think it CAN be solved. Consumers, corrupticrats, and bureaurats ALL confuse access to 'credit' as being access to wealth. It is not. Credit=Debt, and access to credit is only access to debt.
So, what's this all mean? Let's step back from the modern art masterpiece we have had our noses pressed against and look at the big picture. This is what I see: a set-up or re-run if you will of the 1970's. A bad one, for most of us. More precisely, Gold & Silver are setting up to not exactly repeat, but rhyme with the 1970's. Here are three reasons I think so:
- The '70's: Gold rose 2300% in the nine years from 1971 to 1980. Sure it is "up" 500% since 2000, but as the song lyrics go "you ain't seen nuthin' yet."
In 1972 it rose 49.7%, in 1973 +73.5%, 1974 +60.1%, and 1979 +140%.
- COT [*1]: The LARGE Commercial "shorts" are violently cutting their positions, absolutely slashing them in Gold & Silver. The 'futures market' data is reading it's most bullish since 2003. (Eight years ago Silver was $4.40/oz., it's over $30 at present). The big boys see what's ahead and are trying to shake the leaves from the tree (flush the weak hands and the retail investors) so they can scoop up more Gold & Silver while covering their 'shorts' at a lower cost.
- PHYSICAL: If you want to get 'physical' precious metals instead of 'paper' you'll have to pay a premium. The paper ETF's GLD and SLV hold no physical, and their trading at 'discounts' should be a clue to investors that they don't have much or any physical to back the paper they have sold. In contrast, Eric Sprott's ETV's (Silver) PSLV and (Gold) PHYS trade for premiums of 20.81% to NAV [*2] for Silver PSLV, and 3.15% to NAV for PHYS (close 19 Oct 11) because they are fully backed by physical inventory. If you can find some physical to hold yourself the premiums get even higher, but it might be a good time to think of yourself as your own Central Bank while the Bureaurats in Europe and at the FED talk themselvs to death while doing nothing tangible to solve the problem.
*1 - Commitment of Traders [COT]
*2 - Net Asset Value [NAV]
Song: Long Until Gone (Acoustic) (Live)
This incredible acoustic version of Long Until Gone has been released before the launch of Anthony Tedesco's album and the studio single.
Proceeds of the album, called Exordium, will go to a charity which helps veterans and current troops in their difficult situation.
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