By the time Obamugabe achieves "fair and equal prosperity" [read: equality of poverty] for all, we will be paying over 20-percent of all tax revenue to service our "transformational" debt.
Currently, forty-two cents of every dollar the deep-thinkers in Washington spend is BORROWED.
PS - Now that I possibly have your attention: Obama-Soetero-whomever is NOT bowing to anybody...he just has trouble standing erect with no backbone, a common medical condition for flaming progressives.
Tuesday, 9 February 2010
Obamugabe...........from Rico
Monday, 8 February 2010
Pakistani Ammbassador Biggest Dick
If your name means Biggest Dick in Arabic would you want to work in an Arabic Speaking country? Would you be surprised if they didn't want to deal with you? That's exactly what happened to the Pakistani ambassadorial candidate for the middle east...
More at DoubleTapper
GADSDEN & CULPEPER
An amazing collection of Rattlesnakes and other heroic Revolutionary symbols . . .
. . . for all your Patriotic needs . . .
. . . STORMBRINGER
Video: Asia's Nuclear Renaissance
The countries in Asia and the Pacific Basin have oriented towards high technology, high energy flux dense infrastructure and power sources--the way of the future. Yet the trans-Atlantic regions of the United States and Western Europe have gone back to the stone ages. Civilization depends on the United States making the necessary shift in the direction of Russia, China, India, and the new nuclear renaissance.
H/T Ted & Kate
The BIG unwinding.........from Rico
FDIC. The Federal Deposit Insurance Corporation. People take this to mean that their hard-earned money is "safe" when deposited in their bank. Why "the full faith and credit of the United States" says it is so.
Let's talk about "leverage." Then let's try to grasp objective reality with our opposible thumbs.
The FDIC currently "insures" $13 trillion in total asets with a fund that is insolvent. This is truly maximum leverage. Lehman Brothers would positively weep...had they not been wiped-out by a puny (in comparison) leverage problem. Insuring assets with no assets. Great. Sure. Wonderful idea. Works for me! How about you?
If this "fractional banking" thing unwinds, it'll be very ugly indeed....unless inflation wipes out your money first. But wait! It's fugly either way!
Israel Blamed for killing Hamas Terrorist in Dubai
The Belfast Evening Herald reported "Israeli Dubai assassins carried Irish passports"
The so called Israeli hit team, including at least one woman, entered the United Arab Emirates using Irish documents, police authorities said. Hamas terrorist and arms dealer Mahmoud al-Mabhouh was said to have been shocked with an electric weapon held to his legs and then suffocated or poisoned. Pathologists were said to have determined the cause of death as asphyxiation, probably with a pillow found near the body and stained with blood. ...
More at DoubleTapper
Finally, Obama is honoring George W. Bush
Recognition of George W Bush by the Obama Administration
Just heard that the Obama Administration will be honoring the 43rd
President of the United States by naming the gap between the tectonic
plates beneath Haiti after him.
The area will now officially be referred to as "Bush's Fault"
H/T Shelly
News.........
Danish seals storm pirate ship
KAZAKHSTAN: CHINA LOOKING TO LEASE LAND FOR AGRICULTURAL PURPOSES
AFGHANISTAN: WASHINGTON EXPLORING CHINESE RE-SUPPLY ROUTE
Everything That Conservatism Is Not
The Power of Memory and Acknowledgement
America, a nation founded on Individualism, not Collectivism
Iran orders weapons-grade uranium
Taliban urged to lay down weapons before major Afghanistan offensive
When the Telling Starts
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Serious Drink Problem............
This photo came from Stoney River Lodge, Alaska . The picture was taken on Jan 5th 2010. Minus 51 F
H/T Pete H
Jeremy Jacobs Showreel..........
Speaker, presenter & event host Jeremy Jacobs' 2010 showreel. To hire Jeremy, call (in the UK) 08453 313171 or visit jeremyjacobs.com
Absurd lies believed. Pop quiz..........from Rico
This is absurd. Ludicrous. Lies about 'recovery' and unemployment are actually believed by some.
The economy is losing jobs, but the government says the unemployment rate is declining. Unemployment is NOT getting better.
None...I say again, NONE of the fundamental problems of our over-leveraged financial system and economy have been addressed or fixed. Things are actually worse...we have been 'solving' our leveraging problem by going further into debt. With increased leverage.
Great idea. Put out the fire with gasoline! The fire will go out just as soon as the oxygen has been used up and is all gone.
Look at the attached chart of the FED financing the Treasury. It is a reasonable bet that the FED has essentially purchased ALL new Treasury issuance since the start of 2009.
No choice, multiple-answer pop quiz.
Q: What happens when the FED stops monetizing US Soverign Debt?
A: Pick all three: (a) it's gonna hurt and leave a mark, (b) your taxes are going way UP, and (c) government 'promises' to you are NOT going to be kept.
Welcome to debt slavery sheeple!
Sunday, 7 February 2010
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