Saturday, 5 February 2011
Can't. Won't.............from Rico
Read the following in this context:
"What can't be paid back, won't."
You can safely ignore the National Debt. It is reported on a cash-basis, and it is only $1.4 trillion Dollars.
What you should NOT ignore are the unreported unfunded National obligations that are more tha $100 trillion Dollars!
This is exactly WHY the US has been debasing its currency...it beats defaulting [for Democrats (C) read: we can't pay this back, so we won't]. Better to 'pay back' loans on nickels or pennies on the Dollar.
In two years we'll be 'celebrating' 100 years of the Federal Reserve (the FED). Yippee! Let's ignore the dabate over 'policy' this or 'policy' that for a moment, and consider not what has been SAID but rather what has been DONE!
The monetary rate of decay under the FED since 1913 looks like this (you debate and decide if this is arithmetic or geometric; the end result is the same):
- The Dollar lost 50% of its value in the first 33 years of the FED from 1913 to 1946,
- That 1946 Dollar lost 50% of its value in the following 24 years.
- By 1970, the value of the 1970 dollar halved again (yes, it dropped another 50%) in the following 9 years.
- The 1979 Dollar took 14 years to decline-drop-tank another 50% (give due credit to Volcker).
Before terminal MEGO sets in (my eyes glaze over) let's illustrate this in a simpler way. In a tangible way. Let's call this "A Tale of Two $50's."
- Once upon a time, there were two men. It was 1914 and they were both rich.
-- One had ten freshly printed $50 Dollar bills...the 'new' Federal Reserve Notes. They were pretty, but redeemable for nothing. He hid the notes under the floor of his house.
-- The other man had ten $50 Dollar bills...gold notes. They were also pretty, but they were redeemable for roughly 2.5 ounces of gold. He redeemed them and hid the gold under the floor of his house.
- Skipping the whole nightmare of FDR and Soetoro-Obama and fast forwarding to today. It is 2011.
-- The heirs to the first man's house find ten $50 Dollar bills. They are still redeemable for nothing. They are 'worth' less than a nickel-on-the-dollar from 1914 to 2011. They all celebrate by eating from the Dollar Menu at MacDonald's. Whee.
-- The heirs to the second man's house find 2.5 ounces of gold. That gold is worth over $3,000 present-day Dollars. They decide to keep the gold. It might be worth a lot one day.
This is devaluation. The death of fiat (paper) money.
What would YOU do?
Friday, 4 February 2011
Updates on Egypt Protests
A theoretical essay, with video from Cairo: "Democratic Realpolitik and Egypt."
And previously: "Egypt Crisis Intensifies — Suleiman Could Take Power as Washington Plans for Mubarak Exit," and "Christiane Amanpour Interviews Hosni Mubarak."
Also, at the link, video footage from yesterday, with a content warning, since it's quite graphic: "Police Van Running Over Protesters in Cairo."
News.........
Attention recruiters ...
Eco-bulbs linked to breast cancer
Useful Idiot and Racist Meghan McCain
I Have Attained Civility...
Global Warming Hoax Weekly Round-Up, Feb. 3rd
How inflation is turning breakfast into a luxury item
US seizes sports piracy websites before Super Bowl
Public servant sacked for Googling 'knockers' at home
Extraterrestrials now live among us in China and in U.S.A., newspapers report
Who Tossed Egypt (to the Wolves)?
Solar Thermal Energy Development: BrightSource Israel
Why wine drinking and monogamy go together
Get Internet Access When Your Government Shuts It Down
Muslim Brotherhoods Penetration of the Obama Administration
What About Global Warming?
U.S. Forest Service takes political correctness to a new level-Only in America
No Easy Fixes as Internet Runs Out of Addresses
Reliable forecast under the weather
Egypt: The American Debate Has Gone Stark, Raving Crazy
House Republicans move to slash domestic programs
Kennedy link to the Cape's wild turkey?
Obama Theatens Climate Veto
British Police Afraid of Local Kids, Soon to Come to the USA?
Apple iPad enters the House of Lords
Defence Minister Liam Fox slams Germany and Italy for failing to do their bit in war in Afghanistan
Barack Obama may rue the day he decided to abandon Mubarak
Amazon rainforest 'could start contributing to global warming after droughts'
Cyber attacks: from Facebook to nuclear weapons
Iran could produce two nuclear bombs within two years
Revolution Is Bad for Business: No Quick Fix for Arab Youth's Economic Woes
Myanmar picks junta's PM as new president
and finally......
An obvious answer to our electric dreams
by little Jimmy May
The Part They Never Show You in Cartoons
The 10 biggest degenerate Super Bowl-winning quarterbacks
An Egyptian Writes.........by Dan Friedman
“It is quite remarkable for people to be talking about the prospect for a democratic transition at this moment. A population that was convinced just two months ago that sharks in the Red Sea were implanted by the Israeli Intelligence Services is hardly at a stage of creating a liberal democracy in Egypt. ... Until someone actually starts addressing the real issues and stop the chatterbox of clichés on democracy, things will not get better at all. It will only get worse.”
I would normally find unexpected Middle East events like the Egyptian uprising stimulating and clarifying, but frankly, I can’t make heads or tails of this one and haven’t drawn any meaningful conclusions yet. Both as an American and a Zionist, I’ve been rendered speechless. However, I’ve been reading a lot stuff from people who aren't and I found a piece in The American Thinker written by an Egyptian student that’s very useful.
Thursday, 3 February 2011
Egyptweet
The growing unrest in Egypt is best being captured by the bloggers on the ground in Tahrir Square and other locations throughout the cradle of civilization. Here are some of the key bloggers to follow on Twitter:
Wael Abbas, a blogger and grassroots journalist renowned for exposing Mubarak-regime abuses. He's taking photos and posting video on his blog, as well, which he's linking to from Twitter. Recent tweet:
From field hospital: The doctor here confirms that 3 atleast are dead
The purpose behind today's clashes : "The Army is calling on protesters to go and stay home for Egypt's security." #jan25
I have twenty five stitches in my head and and I can't see with my left eye, but yet am going back to tahrir tomorrow
Other than bruises, unable to stand, starved, and panic, were all fine. Feeling betrayed, all of us are. Massacre in square, please watch em
Mubarak saving face & responding 2 US pressure 2 avoid vacuum. After steppin down Suleiman'll make concessions as much ppl pressure #jan25
From the Twitterlicious totties at GrEaT sAtAn"S gIrLfRiEnD
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