Wednesday, 14 September 2011
News............
Trail Running, Wild California
Petraeus imposter linked to bizarre check fraud
Oh my: Pennsylvania weighing bill to allocate electoral votes by congressional district
Admiral Mullen Talks About Military, Retirement On “The Daily Show”
‘AttackWatch’: New Obama Campaign Website Claims Beck ‘Twists the Facts on Israel’
Emails: Obama White House Monitored Huge Loan to 'Connected' Firm
Drought threatens way of life for Texas ranchers
Are President Obama’s Actions Hostile to Jews and Israel?
The new face of the U.S. post office
Voters to decide House races where Obama is an issue
New emotion detector can see when we're lying
Census Bureau: U.S. poverty rises to 15.1%, highest since 1983
MELANIE PHILLIPS: SINCE 911 THE UK HAS BEEN DRIVING ITSELF OFF A CLIFF………
In Britain, some schools banning skirts
It’s back: What does the Playboy Bunny suit mean in the Slutwalk era?
Uncle Sam play venture capitalist? See Solyndra
Miss Universe bikinis too teeny-weeny
Nikkei rebounds 0.95 pct on eased eurozone fears
Another Obama stimulus, another waste of money
Merkel warns of Greek default danger
TSA officers, cops arrested over alleged drug bribes
Default threat boosts case for gold, Sprott says
Gold recovers on bargain-hunting, weaker dollar
Column: Palin's shrewd White House strategy is Populism 101
Next-generation warship docks at NAS Pensacola
The Bill We’re Supposed to Pass Right Away Will Be Ready SoonSubmit to the President’s undefined wisdom!
China warns eurozone leaders 'get your house in order'
Secret plan for union strikes to cripple the country
Europe's banks are staring into the abyss
Kenya kidnap victim being held on Somali island
Church of Scientology faces criminal charges for underpaying workers
Sarah Palin totally gets it
North Korean defectors rescued off Japanese coast
Moody's downgrades top French banks
and finally.......
Is the British government about to vote for a Palestinian state?
Greek tragedy...............from Rico
Greek one year bond yields have shot over 100%. Their 2-year bonds have also rocketed.
- The "cost" of short-term financing for Greek sovereign debt has (like the old saw) 'like the little Greek boy who ran away from home, because he didn't like the way he was being reared." This will end badly. I'm thinking the public's butt, the politician's tallywhacker, and no lubrication this go round.
What does this mean? It means that denial is no longer just a river in Egypt, and that Papadopolis or whomever the current Prime Minister is is delusional if he believes his public statements (at best) and lying his ass off (at worst).
In simple English, the Greek economy is saying "Help! I've fallen, and I can't get up!"
The Fwench banks are providing their typical Gallic 'shrug' and preparing for their own massive banking fiasco, so their response is effectively "regrette, nien."
....and Germany, remembering Stalingrad, is preparing a "kesselring" around it's banking system.
Tuesday, 13 September 2011
Who gets crushed?.....................from Rico
After seemingly endless shipping of Euro's to Greece (it's actually only been a couple years since their governmental accounting fraud has been acknowledged), the one thing I still do not see much reporting of is the "so what?" part of the story. If you knew that part, a lot of the news you do hear would make a lot more sense....well, that's a bit much, the sense part so let's say you would have the proper 'context' to read between the lines of what you're NOT being told.
Who gets crushed WHEN (not IF) Greece defaults?
Look at who holds Greek Bonds:
- ECB 40 billion Euros
- Greek Banks $62.8 billion
- German Banks $22.5 billion
- French Banks $14.96 billion
- UK Banks $3.4 billion
- Italian Banks $2.35 billion
- US Banks $1.5 billion
- Spanish Banks $540 million
- JA Banks $432 million
This goes a long way to explaining "who" is circling the wagons now, and "why" this is being considered a 'crisis' for EUroland.
Southern Medical Dictionary..............
Artery.............................. The study of paintings
Bacteria............................ Back door to cafeteria
Barium............................. What doctors do when patients die
Benign............................ What you be, after you be eight
Caesarean Section...... A neighborhood in Rome
Cat scan........................ Searching for Kitty
Cauterize.......................... Made eye contact with her
Colic................................. A sheep dog
Coma............................. A punctuation mark
Dilate............................... To live long
Enema............................ Not a friend
Fester............................ Quicker than someone else
Fibula............................. A small lie
Impotent.......................... Distinguished, well known
Labor Pain................. Getting hurt at work
Medical Staff............... A Doctor's cane
Morbid........................... A higher offer
Nitrates.............................Cheaper than day rates
Node................................ I knew it
Outpatient..................... A person who has fainted
Pelvis................. .......... Second cousin to Elvis
Post Operative............ A letter carrier
Recovery Room.......... Place to do upholstery
Rectum........................... Damn near killed him
Secretion....................... Hiding something
Seizure........................ Roman emperor
Tablet........................... A small table
Terminal Illness.......... Getting sick at the airport
Tumor............................One plus one more
Urine............................. Opposite of you're out
H/T Shelly
News.............
911 ... the difference between "then" and "now" ...
IRAQ THE MODEL: A lighter footprint will not prevent conflict
In From the Cold « Neptunus Lex
Iran’s F-5 Knockoff Fighter Now At Squadron Strength
NATO to continue Iraq training mission to end: 2013
California weighs college aid for illegal migrants
Obama's jobs act 'bipartisan'? Not entirely
Drive a bulldozer and shoot a machine gun for $525 in Vegas
Column: Rick Perry is no George W. Bush
GAFFNEY: A tale of two Obamas
Poll shows 'gaping divide' between Democrats and 'switchers'
Banks dealing with the Greek inevitability
Euro-zone chiefs fiddle while countries burn
BRENBERG: We don't need an Obama recovery
Good intentions bring terrible results
Doomsday weapon: Israel’s submarines
The World's Most Expensive Beers
Saudi Arabia's exploitation of Palestinian UN bid
Kenya kidnapping: fears grow for deaf wife
Met Police chief declares 'total war' on crime
Libya could fall into hands of extremists, Nato warns
Israel watches its old alliances crumble
Mystery over spate of tourist deaths on military-controlled Fiji
Turkey's Recep Tayyip Erdogan saw 'grounds for war' with Israel after flotilla raid
French skipper killed after pirate attack
and finally..........
Lemmingland, ten years on
Monday, 12 September 2011
1938 all over again?............from Rico
Is it 1938 all over again?
- We should be so lucky.
The minimum wage in 1938 was $0.25, now it is $7.25...a 29-fold increase.
Gold was $35 per oz. in 1938, as I write this it's over $1,800 per oz., let's see x29 = $1,015.
The first graph attached is the longest view of Gold I have yet seen. It illustrates currency debasement perfectly.
[For Keynesians: Why is it called 'debasement'? Because when it happens, 'de value of 'de dollar goes to 'de basement.]
The second graph is this concept flipped on it's head.
When you look at it, consider that Gold may very well surpass $2,000 per oz.
Upon the founding of the US, $100 would buy 5.16 oz of Gold. Now it buys 0.05405 oz. of Gold.
- This is very GOOD for Gold owners.
- This is extremely CRUMMY for Dollar owners.
It's already 'worse' than 1938, and it's going to deteriorate from here.
Jewish Democrats Grasping at Straws.............by Dan Friedman
It had to come to this: desperate Jewish Democrats trying to leverage Obama’s “assistance” to Israel during the Egyptian siege of Israel’s Cairo embassy. As if Obama had a choice. Just think if the Israeli security guards were lynched or forced to kill a few would-be lynchers. The spotlight would have turned on Obama’s rash abandonment of Mubarak and the empowerment of radical Islamist elements in Egypt. As it is, that’s where the spotlight belongs.
Dan Friedman
NYC
Late News..........from DJ Elliott et al
10 years after 9/11: Lessons from the Philippines - The Long War Journal
9/11 Boatlift
Bring on teh stoopid.
Dancing with the Stars: Beached Whale Edition
BLACKFIVE: Good Sense From Pakistan, Of All Places
CDR Salamander: Now for something completely different
BLACKFIVE: Al Qaeda Says Conspiracy Theories Ridiculous
EagleSpeak: EMP Again
Rick Perry in USA Today: I am going to be honest with the American people
Russian gas pipelines
Obama: "Fired Up and Ready to Go" -- Where?
Smackdown! We Need More Like Him!
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