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Tuesday, 22 December 2009
We're #1!............from Rico
We're #1! Bite THIS Zimbabwe!!
At ALL levels (federal, state. local and GSE's) the total US public debt is 141% of GDP.
- This puts the US in the company of Lebanon and Zimbabwe.
Include US household debt (the highest in the world at 99% of GDP) and corporate debt (also the highest in the world at 317% of GDP) and you get an "unprecedented" debt of 557% of GDP.
But it gets even better. Add the unfunded entitlement programs and we're at 840% of GDP! How's that for "unprecedented?"
This pretty much assures three things:
1. Our dysfunctional politicians will raise taxes to nose-bleed levels to "buy" some time.
2. Financial devastation.
3. IF the public ever figures out they've been baboozled, they're going to look for rope to string the politicians up!
So TAKE THAT, Zimbabwe! WE'RE NUMBER ONE!!!!! Obamanomics seems to have trumped Mugabenomics.....
ps - If you wonder what a US sovereign default will look like, watch Greece. If you can print your own money you cannot default/go broke, but you CAN destroy your currency.
Monday, 21 December 2009
News........
Protector USV
Brussels knew about staggering Greek budget deficit in July
Team finds Australian hospital ship sunk in WW2
American Muslims fear for European counterparts
Czech president smelled warming rat
European leaders to draw up crisis plan amid Eastern Europe shakeout
Dutch ask Venezuala to explain spying claims
Afghan-Pakistan border: new centre of the ‘war on terror’
One in three violent crimes results in a caution
Hugo Chavez orders military to shoot at US aircraft
Man dressed in animal skin shot dead during hunt
All-female Tornado jet crew describe war in Afghanistan
North Korea weapons plane 'was heading to Iran'
West warns that Somalia is becoming a haven for international terrorists
There'll be nowhere to run from the new world government
Harder to buy US Treasuries
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Movie Review: 'Avatar'
Short Review: I want to put this as plainly as I can. This film is so uniquely awful that it should be legal for me to enslave and neuter any movie critic who gives it a positive review. They should be forced to do my yard work and clip my toenails.
Full Review Here
Cognitive dissonence, or............from Rico
Cognitive dissonance, or the suspension of disbelief?
Gee, the "official" and media-reported numbers do not match your personal and business experience?
- Unemployment? Inflation? GDP? All the statistics today are 'cooked.'
Manipulated government numbers and biased/slanted reporting is the reason collars and cuffs obviously do not match.
- Perception IS reality today, so cooking the books....baldly LYING to the public...."looking good" is clearly more important to these con-artists than actually "doing" any good. It's a helluva lot easier, too.
Shadow Stat's tells us why. Look at the following...
Sunday, 20 December 2009
Santa's Pickup Lines
10. Hey Babe, when was the last time you did it in a sleigh?
9. Wanna see my 12-inch elf?
8. I`ve got something special in the sack for you!
7. Ever make it with a fat guy with a whip?
6. I know when you`ve been bad or good--so let`s skip the small talk, sister!
5. Some of my best toys run on batteries...
4. Interested in seeing the "North Pole"? (Well, that`s what the Mrs. calls it.)
3. I see you when you`re sleeping--and you don`t wear any underwear, do you?
2. Screw the "nice" list--I`ve got you on my "naughty" list!
1. Wanna join the "Mile High" club?
H/T DML
The Sunday Best..........
Can Brussels cope with a Hobbesian world?
North Korean hackers may have stolen US war plans
Everything You Need to Know About Eggnog
Iraq accuses Iran of seizing oil well near border
Old mother hubbards bare old dilapidated cupboard, an allegory ... the perils of doing business with the rich ...
Global Challenges in 2010
Was Your Democrat Senator Too Stupid To Get a Bribe?
Thousands of gardens 'stolen' by developers
British Army to get new uniforms – turned down by the US and made in China
Imposter takes baby from police station
Shooters complain of 'hysterical' police response to legal field sports
Terry Wogan: My final fond farewell
Police expect Mumbai-style terror attack on City of London
Deep South calls in Iran to cure its health blues
the Clarkypoos Bit......
The BA strike is off – so that’s many a Christmas ruined
Saab 9-3X 2.0 Turbo XWD
and little Jimmy May
Heart of Darkness..............from Rico
CRE. Commercial Real Estate has fallen 37% in value this year. Not such a big deal...until you understand that $3 trillion in commercial real estate loans are outstanding, and defaults are at a 16-year high now BEFORE many of these loans reach their refinance dates!
The CRE implosion will take down many hundreds of banks in the next few years, and are ticking financial bombs on the balance sheets of thousands of banks.
- As an aside: We ALL know Rahm Emmanuel is a bare-knuckles politician of the Chicago political machine. What I did NOT know before today is that he was a 'bagman' (euphamistically called a 'fundraiser') for then Mayor Richard Daly.
............Talk about the Heart of Darkness in a 'reform' administration!!!!!!!!!!
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