US Economy “on the Brink of Collapse”

US Economy “on the Brink of Collapse”

by Jeff Davis

Europeans seem to have a far greater awareness of the degree of trouble, that the USA is in, than anyone here does. The liberal media wants us to think everything is all “rainbows and unicorns” with Obama in office. An article on Breitbart reports: “Economists peddling dire warnings that the world’s number one economy is on the brink of collapse, amid high rates of unemployment and a spiraling public deficit, are flourishing here.

The guru of this doomsday line of thinking may be economist Nouriel Roubini, thrust into the forefront after predicting the chaos wrought by the subprime mortgage crisis and the collapse of the housing bubble. ‘The US has run out of bullets,’ Roubini told an economic forum in Italy earlier this month. ‘Any shock at this point can tip you back into recession.’”

“Back” into recession? Did we ever leave? Seems more like we bottomed out at about a 20 percent real unemployment rate while foreclosures and bankruptcies continued at an alarming pace.

Breitbart goes on: “But other economists, who have so far stayed out of the media limelight, are also proselytizing nightmarish visions of the future.

Boston University professor Laurence Kotlikoff, who warned as far back as the 1980s of the dangers of a public deficit, lent credence to such dark predictions in an International Monetary Fund publication last week. He unveiled a doomsday scenario —which many dismiss as pure fantasy —of an economic clash between superpowers the United States and China, which holds more than 843 billion dollars of US Treasury bonds. ‘A minor trade dispute between the United States and China could make some people think that other people are going to sell US treasury bonds.

That belief, coupled with major concern about inflation, could lead to a sell-off of government bonds that causes the public to withdraw their bank deposits and buy durable goods.’ Kotlikoff warned such a move would spark a run on banks and money market funds as well as insurance companies as policy holders cash in their surrender values. ‘In a short period of time, the Federal Reserve would have to print trillions of dollars to cover its explicit and implicit guarantees.

All that new money could produce strong inflation, perhaps hyperinflation,’ he said.” Imagine that: An economically illiterate African president resorting to printing money regardless of inflation. Does anyone remember Robert Mugabe in Zimbabwe?

The federal government is either going to commit to wild inflation or it’s going to run out of money. What happens if the United States government just plain runs out of money? When no one will lend us any more? When the tax revenues from a collapsed economy with massive unemployment won’t cover even the interest on previous loans and bonds? Eventually welfare and food stamps will have to be cut if not eliminated completely.

Obama recently transferred money from food stamps so he could bail out a number of states, which are having trouble paying their teachers. Obama is struggling just to keep an illusion of “normalcy” up through the November election. After that, many states WILL start running out of money for teachers (and everything else) and the Feds will have to find billions of dollars somewhere to pay back the food stamps program.

The Democrats will choose to print more money, and then the final slide into collapse and anarchy will begin. The Europeans know it. The Chinese know it, which is why they’re trying to unload US Treasury bonds. Despite all the propaganda from the liberals, most Americans know that the economy is in terrible shape. They believe their eyes, not the propaganda from the liberal evening news.

Chinese Couple Embezzles Money from Public School Lunch Program

Chinese Couple Embezzles Money from Public School Lunch Program

by Jeff Davis

Mexicans aren’t the only Third World aliens overrunning our country. There are Asians as well. While the east Asians are seen as a “model minority” even Asians will seriously alter the US. Name one Asian country which is not horribly over-populated and mired in bureaucracy and corruption.

A New York Times article reports: “A Staten Island couple stole at least $2.5 million in federal funds meant for nutritious meals for preschoolers, prosecutors asserted in a criminal complaint unsealed on Friday.” Apparently, black and Mexican parents can’t be trusted to feed their children properly, so the state does it for them. “School lunches” are a major welfare perk in blue states and a major source of political patronage for the Democrat party. The article notes “The complaint accused the couple, Joanna Fan and her husband, Ziming Shen, of siphoning money over five years from accounts at the nonprofit Red Apple Child Development Center preschool chain, of which Ms. Fan, also known as Xiao Ping, is the executive director.

The complaint accused the couple of using the money to make mortgage payments on several Manhattan condominiums and to benefit their private business interests, which include Preschool of America Inc., a chain of about a dozen for-profit preschools in Manhattan, Brooklyn and Queens.” “The couple surrendered to agents of the United States Agriculture Department on Friday morning and were arraigned before Magistrate Judge James Orenstein of United States District Court in Brooklyn. They pleaded not guilty and posted bail of $750,000 each. The judge restricted their movement to parts of New York and ordered them to surrender their passports.” “….As alleged in the complaint, this amounts to one of the largest lunch money thefts in history.

Red Apple Child Development Center runs six preschools in Queens, Brooklyn, Manhattan and Staten Island. Between 2002 and 2010, the preschools received $13.5 million from the Agriculture Department through a program intended to help institutions provide healthy meals and snacks to children and adults.” If these Chinese were stealing most of the money intended for the school lunches, what were they feeding the swarthy public school children? Sawdust and dog chow? The article goes on “Audits by the New York State Health Department and the federal Agriculture Department since 2005 revealed a pattern of false submissions to the Agriculture Department, including lying about how many children were getting the meals, the complaint charges. For example, the complaint says, in January 2009, Ms. Fan submitted records claiming that 188 children had consumed 4,700 meals and snacks, when other records showed that 116 children ate 2,900 meals and snacks.” What the hell are we doing buying “snacks” for kids, healthy or otherwise, with taxpayer money?

That rumbling sound you hear is George Washington and Thomas Jefferson spinning in their graves. It’s bad enough we’re paying $15k to $25k per year per child to educate these un-educatable low-IQ Third Worlders, but we’re supposed to feed them because their parents won’t?

Corruption is an integral part of life in the Orient even more so than in Chicago. China itself, where these people came from, has periodic anti-corruption sweeps wherein they drag their own businessmen and bureaucrats into sports stadiums and shoot them through the head, and it doesn’t seem to do much good. If we bring Third World people into this country, then we also bring Third World problems. Why is it so difficult for some White people to wrap their minds around this simple fact?

21 Signs That Something Big Is About To Happen In The Financial World

Nervous Breakdown? 21 Signs That Something Big Is About To Happen In The Financial World

http://theeconomiccollapseblog.com/archives/nervous-breakdown-21-signs-that-something-big-is-about-to-happen-in-the-financial-world

Will global financial markets reach a breaking point during the month of October?  Right now there are all kinds of signs that the financial world is about to experience a nervous breakdown.  Massive amounts of investor money is being pulled out of the stock market and mammoth bets are being made against the S&P 500 in October.  The European debt crisis continues to grow even worse and weird financial moves are being made all over the globe.  Does all of this unusual activity indicate that something big is about to happen?  Let’s hope not.  But historically, the biggest stock market crashes have tended to happen in the fall.  So are we on the verge of a “Black October”?

The following are 21 signs that something big is about to happen in the financial world and that global financial markets are on the verge of a nervous breakdown….

#1 We are seeing an amazing number of bets against the S&P 500 right now.  According to CNN, the number of bets against the S&P 500 rose to the highest level in a year last month.  But that was nothing compared to what we are seeing for October.  The number of bets against the S&P 500 for the month of October is absolutely astounding.  Somebody is going to make a monstrous amount of money if there is a stock market crash next month.

#2 Investors are pulling a huge amount of money out of stocks right now.  Do they know something that we don’t?  The following is from a report in the Financial Post….

Investors have pulled more money from U.S. equity funds since the end of April than in the five months after the collapse of Lehman Brothers Holdings Inc., adding to the $2.1 trillion rout in American stocks.

About $75 billion was withdrawn from funds that focus on shares during the past four months, according to data compiled by Bloomberg from the Investment Company Institute, a Washington-based trade group, and EPFR Global, a research firm in Cambridge, Massachusetts. Outflows totaled $72.8 billion from October 2008 through February 2009, following Lehman’s bankruptcy, the data show.

#3 Siemens has pulled more than half a billion euros out of two major French banks and has moved that money to the European Central Bank.  Do they know something or are they just getting nervous?

#4 On Monday, Standard & Poor’s cut Italy’s credit rating from A+ to A.

#5 The European Central Bank is purchasing even more Italian and Spanish bonds in an attempt to cool down the burgeoning financial crisis in Europe.

#6 The Federal Reserve, the European Central Bank, the Bank of England, the Bank of Japan and the Swiss National Bank have announced that they are going to make available an “unlimited” amount of money to European commercial banks in October, November and December.

#7 So far this year, the largest bank in Italy has lost over half of its value and the second largest bank in Italy is down 44 percent.

#8 Angela Merkel’s coalition is getting embarrassed in local elections in Germany.  A recent poll found that an astounding 82 percent of all Germans believe that her government is doing a bad job of handling the crisis in Greece.  Right now, public opinion in Germany is very negative toward the bailouts, and that is really bad news for Greece.

#9 Greece is experiencing a full-blown economic collapse at this point.  Just consider the following statistics from a recent editorial in the Guardian….

Consider first the scale of the crisis. After contracting in 2009 and 2010, GDP fell by a further 7.3% in the second quarter of 2011. Unemployment is approaching 900,000 and is projected to exceed 1.2 million, in a population of 11 million. These are figures reminiscent of the Great Depression of the 1930s.

#10 In 2009, Greece had a debt to GDP ratio of about 115%.  Today, Greece has a debt to GDP ratio of about 160%.  All of the austerity that has been imposed upon them has done nothing to solve their long-term problems.

#11 The yield on 1 year Greek bonds is now over 129 percent.  A year ago the yield on those bonds was under 10 percent.

#12 Greek Deputy Finance Minister Filippos Sachinidis says that Greece only has enough cash to continue operating until next month.

#13 Italy now has a debt to GDP ratio of about 120% and their economy is far, far larger than the economy of Greece.

#14 The yield on 2 year Portuguese bonds is now over 17 percent.  A year ago the yield on those bonds was about 4 percent.

#15 China seems to be concerned about the stability of European banks.  The following is from a recent Reuters report….

A big market-making state bank in China’s onshore foreign exchange market has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe, two sources told Reuters on Tuesday.

#16 European central banks are now buying more gold than they are selling.  This is the first time that has happened in more than 20 years.

#17 The chief economist at the IMF says that the global economy has entered a “dangerous new phase“.

#18 Israel has dumped 46 percent of its U.S. Treasuries and Russia has dumped 95 percent of its U.S. Treasuries.  Do they know something that we don’t?

#19 World financial markets are expecting that the Federal Reserve will announce a new bond-buying plan this week that will be designed to push long-term interest rates lower.

#20 If some wealthy investors believe that the Obama tax plan has a chance of getting through Congress, they may start dumping stocks before the end of this year in order to avoid getting taxed at a much higher rate in 2012.

#21 According to a study that was recently released by Merrill Lynch, the U.S. economy has an 80% chance of going into another recession.

When financial markets get really jumpy like this, all it takes is one really big spark to set the dominoes in motion.

Hopefully nothing really big will happen in October.

Hopefully global financial markets will not experience a nervous breakdown.

But right now things look a little bit more like 2008 every single day.

None of the problems that caused the financial crisis of 2008 have been fixed, and the world financial system is more vulnerable today than it ever has been since the end of World War II.

As I wrote about yesterday, the U.S. economy has never really recovered from the last financial crisis.

If we see another major financial crash in the coming months, the consequences would be absolutely devastating.

We have been softened up and we are ready for the knockout blow.

Let’s just hope that the financial world can keep it together.

We don’t need more economic pain right about now.

30 Signs That The U.S. Economy Is About To Go Into The Toilet

If you think the U.S. economy is bad now, just wait for a few months.  Things are about to become absolutely nightmarish.  None of the long-term economic trends that are hollowing out our economy have been addressed and more bad economic news seems to come out virtually every single day.  Now there is constant talk of the “next recession” in the mainstream media.  But did the last recession ever truly end?  The number of good jobs continues to decline, more stores are closing, incomes continue to go down, credit card debt and student loan debt are soaring, the housing market resembles a corpse, the number of Americans living in poverty continues to rise and government debt is at unprecedented levels.  We are losing blood fast, and almost all of our leaders are either too corrupt or too incompetent to be able to do anything about it.  The U.S. economy really and truly is about to go into the toilet, and if something is not done very quickly we are going to experience a complete and total economic disaster in this nation.

Americans have been promised over and over that this economic downturn is just “temporary” and that things will return to normal soon.  During this upcoming election cycle, the Democrats will swear that they have all the answers and that if we just elect them everything will be okay.  The Republicans will also swear that they have all the answers and that if we just elect them everything will be okay.

Well, both sides are lying.  The economic plans of both major political parties are a joke.  Neither of them can restore economic prosperity to this nation.

Our politicians could delay the coming economic collapse by borrowing gigantic piles of money and pumping all of that cash into the economy.  But stealing from our children and our grandchildren is not exactly sound economic policy.

Yes, the U.S. economy is in bad shape right now, but things are about to get even worse.  The long-term problems that are destroying our economy have not been fixed, and the leaks in our ship are going to continue to grow.

The following are 30 signs that the U.S. economy is about to go into the toilet….

#1 An increasing number of unemployed Americans have become so desperate that they have started to look for work overseas.  For example, the number of Americans that are submitting applications for temporary work visas in Canada has approximately doubled since 2008.  Other Americans are willing to learn foreign languages and travel to the other side of the world if that is what it takes to land a decent job.  Just consider the following quote from a recent USA Today report….

Job placement firms are reporting a surge in American worker interest in booming economies such as Hong Kong, Singapore, China and, increasingly, India. Hunt Partners, an executive search firm, estimates that it’s getting 50% to 100% more unsolicited résumés from Americans looking for Asia-based positions today than before the recession.

#2 When Barack Obama first took office, the official U.S. unemployment rate was 7.6 percent.  Today it is 9.1 percent.

#3 The number of Americans that are concerned that they will lose their jobs continues to hover near record highs.  According to Gallup, 30 percent of all employed Americans are worried that they will soon be laid off.

#4 After three straight years of very high unemployment, you can feel frustration and desperation in the air almost everywhere that you go.  Many unemployed Americans are now at the end of their ropes.  The following is from a testimonial that was recently posted on The Atlantic….

The most difficult part of the job search is:

1. that I don’t live near a factory or outsource outlet in China, India, or Malaysia.

2. trying not to appear desperate for a job when I am, in fact, quite desperate for a job.

3. that I am subject to everyone’s advice on how to get a job, but no real job leads.

4. that I am reminded that having a good job is not an entitlement.

5. that when I become depressed from my job search, I’m told told to cheer up or else give a bad vibe to prospective employers … yet when I become happy through non-search related activities, I am reminded that I should be looking for work

7. that when I confide to friends and family that I have “given up” to pursue more fruitful interests,  it elicits a crushing look of disbelief, disappointment, and disgust

8. waiting for permission to give up.

#5 The percentage of American men that are employed continues to plummet.  In July, only 63.5 percent of all men in the United States had a job.  Since 1948, that number has only been lower one time (63.3 percent in December 2009).

#6 Back in the 1950s, manufacturing accounted for about 28 percent of U.S. GDP.  Last year, it accounted for just 11.7 percent.  Meanwhile, manufacturing now accounts for about 25 percent of GDP in China and they now actually have more factory production each year than we do.  Sadly, Barack Obama is pushing for even more trade agreements that will send millions more of our jobs overseas.

#7 The percentage of Americans that are working low paying jobs continues to relentlessly march upwards.  Back in 1980, less than 30% of all jobs in the United States were low income jobs.  Today, more than 40% of all jobs in the United States are low income jobs.

#8 According to John Williams of shadowstats.com, after you add in all short-term discouraged workers, all long-term discouraged workers and all Americans that are working part-time because they cannot find full-time employment, the real unemployment rate should be approximately 23 percent.

#9 We are starting to see another huge wave of store closings and layoffs.  For example, the parent company of Payless stores has announced that it will be permanently closing 475 stores.  Borders is in the process of closing every single one of its 399 stores.  Also, Bank of America has just announced that it will be closing about 600 branches, and that could result in the loss of about 30,000 good jobs.

#10 Median household income has fallen for three years in a row.

#11 Americans are really starting to rack up consumer debt once again.  According to Time Magazine, U.S. consumers are on pace to collectively add 54 billion dollars in credit card debt in 2011.

#12 Student loan defaults are rising very sharply. Just consider the following excerpt from a recent New York Times article….

The share of federal student loan defaults rose sharply last year, especially at for-profit colleges and universities, where 15 percent of borrowers defaulted in the first two years of repayment, up from 11.6 percent the previous year.

#13 According to a chart in The Economist, whenever the number of newspaper articles in the Financial Times and the Wall Street Journal that mention the word “recession” goes over 1,500 in a particular quarter, the U.S. economy almost always goes into a recession.

#14 The U.S. housing crash just continues to get worse.  The index of home builder sentiment put out by the National Association of Home Builders fell once again during the month of September.  With such a glut of unsold foreclosed homes on the market, it is making things really hard of home builders.  Things have gotten so bad that even the U.S. government now owns nearly a quarter of a million foreclosed homes.  The impact of this housing nightmare on families has been absolutely devastating.  Just check out what a recent Time Magazine article had to say about what has been going on in California….

The impact on children has been brutal: since 2007, 7% of the state’s children have had a foreclosure process started on their homes, the fourth-highest level in the nation, according to a study released this month by the Annie E. Casey Foundation.

#15 Many believe that due to much tighter lending standards, it is now harder to be approved for a mortgage than at any other time since World War II.  This is absolutely crushing the housing market.

#16 Most Americans don’t seem to expect housing prices to recover for an extended period of time.  One recent survey found that 54 percent of Americans believe that there will not be a housing recovery until “2014 or later“.

#17 The combined debt of the largest GSEs (Fannie Mae, Freddie Mac and Sallie Mae) has increased from 3.2 trillion in 2008 to a whopping 6.4 trillion in 2011.  If that debt goes bad, U.S. taxpayers will be left holding the bill.

#18 There are now nearly 50 million Americans that do not have health insurance, and the percentage of Americans covered by employer-based health plans has fallen for 11 years in a row.  Meanwhile, Americans now spend about 3 times as much on health care as they did back in 1990.

#19 The Postal Service has publicly announced that it is “on the verge” of financial collapse.

#20 The number of small businesses continues to fall.  I recently noted this fact on The American Dream Blog….

The number of “self-employed” Americans continues to rapidly shrink.  According the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006.  Today, that number has shrunk to 14.5 million.  Even though we have 14 million unemployed people in this country and jobs are incredibly difficult to come by, the number of people trying to work for themselves continues to decrease because the environment for small businesses in this country has become so incredibly toxic.

#21 American consumers have become tremendously pessimistic.  According to one recent survey, 61 percent of all Americans believe that they will not return to their “pre-recession” lifestyles until at least 2014.  According to a different recent survey, 39 percent of Americans actually believe that the U.S. economy has now entered a “permanent decline”.

#22 Many U.S. investors certainly seem to believe that trouble is coming.  According to CNN, last month the number of bets against the S&P 500 was the highest that we have seen in about a year.

#23 The number of U.S. households that are “doubling up” continues to grow.  According to the U.S. Census Bureau, the number of combined households has increased by 10.7 percent since 2007.

#24 When Barack Obama moved into the White House, the average price of a gallon of gasoline in the United States was $1.83.  Today it is $3.58.

#25 The number of Americans living in poverty grew by 2.6 million last year.  That was the largest increase since the U.S. government began calculating poverty figures back in 1959.

#26 Back in the year 2000, 11.3% of all Americans were living in poverty.  Today, 15.1% of all Americans are living in poverty.

#27 On Barack Obama’s first day on the job, there were about 32 million Americans on food stamps.  Today, there are more than 45 million Americans on food stamps.

#28 If there is a financial collapse in Europe, that will definitely plunge us into another recession.  Right now, things do not look promising.  At this point, headlines all over the world are proclaiming that Greece is dangerously close to defaulting.

#29 At some point soon, investors all over the globe may decide that it is time to start dumping U.S. government debt.  For example, Chinese officials are now openly talking about the need to “liquidate” their holdings of U.S. Treasuries.

#30 The U.S. national debt continues to explode in size and spiral out of control.  According to Professor Laurence J. Kotlikoff, the U.S. “fiscal gap” increased by about 6 trillion dollars last year.  In fact, Kotlikoff makes a compelling argument that Greece is actually in better shape financially than the United States is.

Do you now understand how much trouble we are in?

The long-term trends that are destroying us continue to get worse.

The United States is steamrolling directly toward an economic collapse.

When this economy hits bottom and splatters all over the place, it is not going to be easy to fix.

The America that we know today is going to be wiped out by a gigantic mountain of debt and by the consequences of decades of really bad decisions.

We were handed the keys to the greatest economic machine in the history of the world and we have wrecked it.

So prepare for really, really hard times ahead.

The era of endless prosperity is ending.

Next comes the pain.

We Are A Divided People

We Are A Divided People

http://www.washingtonreb.com/2011/09/20/we-are-a-divided-people/

Locust: Civil war is our only option.
September 20, 2011
by TL Davis

Liberty. That’s it, that’s all it took for a conversation I had in a small Kentucky coffee shop to go from cordial to over. It is a nasty word to those on the left. Oh, they have wrapped it all up in a sort of protest against the Tea Party, to justify their hatred for the very concept of it, because liberty is in direct opposition to government control.

The occasion happened in Frankfort, KY, college town, seat of state government so the local coffee shop is run by a typical Earthfirst type with organic nonsense all over the place (as if organic is somehow a rational answer to worldwide hunger. It is exactly the opposite, it would cause and actually frustrate efforts to alleviate world hunger. They ((nutcase coffee shop owners in college towns)) use organic as if anything industrial is bad, anything efficient is harmful to the earth which has survived so much more than technological farming, but I digress).

”Hi, where are you from? Oh, it is lovely there. You moved to Kentucky? Why? (boring reply) Huh.”

My next sentence ended it: “So, I have some liberty to live wherever I chose and for right now that is in Kentucky.”

Sudden withdrawal, a pulling back of the self on their part. I used the “L” word (not liberal this time). In their minds they are thinking that they have just run into one of those Tea Party types whom they had just been whispering critical assumptions about over the lively sounds of a chatty gathering place. I was one of them who used the word, but didn’t really understand the Constitution. What they really thought was that I didn’t understand that the Constitution had been ripped to shreds many decades before and people like me didn’t understand that they (those who know how to run every one’s life) had killed that rotten document dead already, so get over it.

We are a divided people. I used to look back at the horrors of the Civil War and try to place myself in that time, divided against kind and kin over a political issue. Don’t get me wrong, slavery was beneath us even then, but to feel so strongly one way or the other to take up arms against one’s own blood, at times, must have seemed like the end of the world. What could have been so important to fight and die for? Well, that is not so hard to imagine as it used to be when America seemed to me a whole nation. We have already parted irrevocably. As Billy Beck noted so long ago, we are merely going through the dress rehearsal for Civil War.

I have in a recent post called for a leader, not just any leader, but one who could make us understand the importance of the times we live in right now. This little theater of governance has gone as far as it can go without recognizing the fact that at some point, somewhere along the lines the people who are being looted to pay for the other half’s indulgences is going to stop.

What I mean by indulgences is this: $500 million dollar loans to companies who play the liberal game, nothing for those starving, bankrupt small businesses put out of business by the policies of politicians who sought the favor of the mass of voters looking for the spoils of a rich nation. The Community Reinvestment Act and all of the disastrous actions that strengthened it and bastardized the business of banking was nothing more than another form of looting the middle class. They have destroyed the middle class with their efforts and now seek another method, the direct method, outright confiscation.

Let me explain a little of how the thing worked so you will better understand the charges I have made. The Community Reinvestment Act was the product of the brilliant political mind of Jimmy Carter along with the deadly 55 mph speed limit and the 68 degree house, which basically accomplished nothing. The idea was that banks in poor neighborhoods were taking the money of the poor to lend to those wealthy enough to purchase a home, but refused to lend that money to people in those poor neighborhoods and like most things liberals to they call theft “reinvestment”. Of course the undercurrent to this notion was couched in racism. To liberals, poor means ethnic or racial.

It was theft because they encouraged, nay demanded that those banks give loans back to poor people (minorities) who could not afford to purchase homes and the profits that should have been the property of the banks had only good loans been made were instead squandered on repossessions and lost value due to the run-down conditions of the property once repossessed. They were forced to loan money to people who would not repay it, that is theft.

But, the Community Reinvestment Act really had no teeth and the banks quickly figured this out and stopped making stupid loans required by the Democratic government to transfer wealth to the poor, those who would vote for those who helped them get the loans whether the property was repossessed, or not. They long remembered who had elevated them, even if that elevation was but for a short time.

By the time Clinton came around the CRA was a dead deal until Janet Reno came on television and let all those banks know that now with legislation passed by Congress and signed by Clinton the CRA would now get them fined and perhaps imprisoned and that they would investigate allegations of misconduct. What the CRA really needed, though, was a citizen to complain in order for it to get the federal government working against the banks. Now, you see, we have ACORN and Community Organizers who would make the charge, regardless of merit. That was all it took to send the banks running for cover and making stupid loans which devalued the assets of the people who owned the banks and stock in them (a heck of a lot of middle class people with 401K’s).

If you combine this with George Bush’s idea that the more people who own homes, the more stable the community, you have the ingredients for exactly what drained my company of equity in a short minute in July of 2008. When George Bush did not kill the CRA immediately and get banks on solid footing, he let the opportunity to avert the next Civil War go by the wayside. His desire for a robust and growing economy, especially after 9-11, let him see through rose-colored glasses and even aid in the coming conflict by his failure to lead.

Okay, so there are the charges and the reason I make them. With one half of the population looking to loot the pockets with the power of the government and support of the liberals, there must come a time when people buck the system. At the start of the Civil War that catalyst was the election of Abraham Lincoln. What will it be this time? You know it must come. I’m ready now, because they have already done as much as they can to destroy my reputation as a reliable, conscientious, responsible borrower and turned me into a deadbeat, because I cannot pay the debts of a million dollar company on the salary of even an oil field worker. They have let my daughter see me in that role, something she never should have witnessed. They have done their damage to me and I am resentful of that. (by the way I am still doing everything in my power to pay those bills, but it will not work, I know that even now as I dedicate much of my salary to debt repayment. There isn’t enough money and there isn’t enough time and my creditors are growing less and less patient).

While the readers of this blog might consider that a little bit of the “oh poor me, the victim” and not enough of the “rugged individual responsible adult” let me remind you that we have all been looted the same. It is not just me and it is not just you, it is the whole country and it is not really about me at all. What this is about is that we have all been sold a bill of goods and soon the crash will come. They have taken as much as they can and are asking for more, now from the millionaires and billionaires, which in Obama-speak is anyone making over $200,000. Why that figure, not any other? Not hard to figure out that most of the Democrat voters fall under that mark and most of the Republican voters fall over it. The math has been done. The Democrat voters that come in over that mark are socialists anyway, so they don’t care about their money, they are planning to get benefits like healthcare, government contracts and grants. Oh, they plan to get the value of their tax increase and even more than that.

What this all boils down to is when. When will the great middle rise up to put a stop to it. It will be a while coming yet as we still believe in elections, but soon that will end too, when more of the people realize that it is the power of our government and not anyone in particular, or party, that is robbing us of our hard-fought salaries, they will come around.

The Tea Party was just the first wave. When they discover that the power of government cannot be tamed, that everything promised in the Constitution is nothing more than crowd control until the new order eventually morphs us all into good little socialists, they will realize that the peaceful method will not work. It only allows the enemy time to fortify their positions and lay in supplies. The government is right now dumping money into the “muscle” part of the equation, the front-line troops, the labor unions.

We are a divided people. Someone give Billy Beck a salute.

Thugs looted every store on the street except the bookstore.

Thugs looted every store on the street except the bookstore.

During the London riots, Clapham High Street was hit hard by a nearly all black mob of thugs. They looted every single store except a book store, which was left without a scratch.

From London Evening Standard…

The “joke” the next day was that the rioters do not know how to read. Simon, the manager of camping shop Blacks, watched it all from an upstairs window, hiding in terror as hundreds of looters plundered his shop and the street.

“They smashed our window, ripped the plasma TVs off our walls, took all our jackets and rucksacks. I saw them go into Claire’s Accessories, break into NatWest, liberate our neighbours Toni & Guy of hair products. They carted off iPods from Currys, clothes from Debenhams, mobile phones from Carphone Warehouse. I was horrified.

“But Waterstone’s, directly opposite us was untouched. For the looters it was as if it did not exist.”

When Waterstone’s deputy manager Alicia Baiger arrived next day to a street littered with broken glass and debris, she was amazed to find that her shop – with its £199 Sony eReaders and three-for-two £10 paperbacks – had suffered “not even a scratch”.

What this free-for-all revealed better than any consumer behaviour poll could, is that many young people have no desire for books. Not even when they are apparently free.

The New Eternal City

City in the image of Man. The Omega God.

A synthesis of religion, arcology, racial unity, and our common Imperian destiny.

The New City our religion, god manifested in matter, the son-God of Europid man.

A city of cities, a testament to the glory of our people and the creative gift bestowed upon our race by our great creator. The fulfillment of our Earthly divine purpose, the great urban effect, our god manifested in structural and spiritual form.

The Omega Seed:

The function of arcology is to facilitate the breakthrough of the racial spiritual essence to new levels of individuality and community, by unifying the people of europa in a common sense of purpose and fulfillment.

The structure itself is matter becoming spirit. Matter is therefore, not to be cast aside, but spiritualized, to inspire our race to new levels of greatness, to enshrine a cosmic vision and fulfill the unification of physicality, time, and space, manifested in pure spirit of our people through arcology.

We seek a new community, not centered around consumption, indifference, and alienation, but individual fulfillment. Such individual fulfillment would be in a community not only of other human beings, but our kinsmen, also of the multitude of living forms in which the fulfillment of each supported the fulfillment of all others. Out society is to be transformed, transcended, life would have meaning, purpose, we would be as one people. The barrier between life and death would find new externalized meaning, community life would elevate the individual to untold heights, only those who are ready to lose their lives find them. Honor and courage to excel to new levels of organization and complexity.

The Spirit:

The warrior spirit must pervade the vanguard of our kinsmen, the selfish reality we currently face cannot be overcome through internal laws or self help books, but thorough pain and suffering. Each of us will be called upon and stand to be counted, stand on our own two feet to wage war against the darkness, or fall to our knees and die as cowards. Either choice is a victory for our racial brethren, for great revolutions require great sacrifice. A true spiritual awakening, blessed by the sacrifice of the weak, arrogant and ignorant. A down payment of blood for our transcendence into the spiritual realm.

The racial spirit requires renewal, a cycle of highs and lows, ever present, a continuous renewal and decay, of rebirth and death, life transcended into a new beginning. To cling to the security of what one is and has and to seek to satisfy the desires that express that stage and mode of being leads to stagnation and decay, as we are now witnessing in the terminal stage of our civilization. Life and vigor come from unforeseen novelty achieved by the urban effect and community of arcology. The grand appeal to our inner eye, our accomplishment and a temple to our race, a home for the common man of Europa.

Our Destiny:

Even now as we face oblivion, an absolute destruction of our soul, we stand at the edge of rebirth or eternal damnation, the vision presents itself, the blinding light, the roar of the flames, the chasm below burns hot, its flames lick at our feet, burning away our flesh, the chosen few walk into the flames unafraid of what lays beyond its borders. Brothers i say we must embrace the eternal cleansing fire of hell if we are to be reborn as pure souls, the universe demands it. What purity can be gained from the present order? None. All are guilt as charged, face the collapse of our great cities, our nations, the resulting storm of death and destruction, face it with peace and calm as in the eye of the storm passes over your body, stand and know who you are, embrace your own souls, deny not your own inner beings and walk new paths of internal peace, content with life eternal, free of materialist thought and self grandiose. Face down our enemies with balance, the eternal balance of inner peace and outwardly force, a recognition of the external thinking of our collective destiny, leave the unclean to their fates, embrace your destiny as demigods. Our human venture has just begun, unity awaits us in our time to come.

The final years of the American experiment.

Be ready our time is coming!

The final years of the Amerikan experiment.

Demographics means something, heritage, culture, race, all mean something in the greater history of humanity. Any nation that ignores these universal principles, walks the path of self destruction.  The decade to follow we will see the end of the Amerikan empire, the fall of the Western world into the progressive socialist chaos, the end of an age. Western liberal democracies will come to an end, and something new will be born in its place.

From: http://lewrockwell.com/slavo/slavo58.1.html

Race war, class war, anti-government riots –you name it. All of it is headed our way. The sentiment across the nation, as Michael Bloomberg suggested in a recent interview, is that Americans know something is wrong in this country. For every individual and the groups with which they affiliate it’s different. For the black panthers it’s racism and poverty. For unions it’s benefit cuts, wage cuts and free market solutions. For Tea Party members it’s an intrusive and socialist government. The majority of America is not happy and they’ve lost hope, because regardless of what group you identify with, what color you are or what way you lean politically, you’re losing jobs, falling behind on essential bills, having difficulty putting food on the table and are constantly being accosted by government on all levels. When the riots start –and they will –the core motivators for individuals who hit the streets will be similar. Where the difference will arise is who each person or group will blame. Those elites in the upper echelons of our command and control apparatus thrive on hate, confusion and panic, and they will use our own ignorance against us. When we discuss the coming civil disobedience and unrest in America, we may find ourselves visualizing protests where the people join together to oust a tyrannical government. Be forewarned. This is not the most likely outcome –at least not at the outset. With so many different ideologies in this country, every one of us interprets the problems and directs blame a different way. These differences will be used against us; they’ll be used to turn us against each other. As you watch the following short speech from Black Panther National Chairman Malik Shabazz, consider that, while you may disagree with his solutions to the problems or where he places some of the blame, his core message is very similar to those of others that are fed up with what’s going on in this country.

New Black Panthers:

“Our message to the State Department, our message to the CIA, our message to Homeland Security, our message to the government today, is that your enemy is not our enemy. Your enemy in Afghanistan, your enemy in Iran, your enemy that you are bombing in Libya today –those are not our enemies. Our enemies are right here in the United States of America. Our battle is not against Ghaddafi. Our battle is against police brutality right here at home. Our battle is against budget cuts right here at home… … A message to the President, Barack Hussein Obama. We elected you. But we did not elect you to bomb your homeland. We did not elect you to bomb Africa. We are pleading with you Mr. Obama. You cannot make a compromise with the devil. The bible says resist the devil, and the devil shall flee from you. You can’t cut a deal with Satan, Mr. Obama. You got to stand up for God… … We have to fight. Gird up your loins college students. Gird up your loins young black man and young black woman, for the hour of war is at hand.”

Combine that statement with this one from the Chicano nationalist moments:

Chicano race organizations Calls for Race war?

Miguel Perez says he is the current president of Chicanos Unidos Arizona and an active member of La Raza. He says he also served as the vice president of MECHA in Fullerton California.

La Raza, or NCLA, is a militant Latino group that Obama is funding with American tax dollars. MECHA is a nationwide Latino student organization. MECHA explicitly calls for the creation of Atzlan, a new Chicano/Latino nation, in what is now the Southwest United States.

Perez is using Examiner.com to call for Latinos in the Southwest to arm themselves for race war. Perez tells his readers Latino groups believe they have enough people in states such as California, Nevada, Arizona, New Mexico, and Texas to successfully wage a war on the United States. 

Who’s side will you be on?

Perez is hyping a call to arms by a fellow Chicano militant…

Phoenix-based Nuestros Reconquistos claims that there will be a war very similar to the Civil War fought in the next five years. “La Raza and MEChA have already talked to Latinos and Phoenix and explained that Latinos need to arm themselves for war,” says Nuestros Reconquistos President Manuel Longoria.

Cecilia Maldonado of Chicanos Unidos Arizona isn’t hoping for any sort of war, but believes it may be unavoidable. “For generations, our people have prepared us to take back the lands of the Southwest that were stolen from our Mexican ancestors. Because of the bad economy and many racist laws, Latinos will be forced to fight sooner than later,” says Mrs. Maldonado.

Perez is listed as the “civil rights” writer for the Phoenix area on examiner.com. He recently praised Obama for issuing a unilateral amnesty for illegal aliens by ordering law enforcement to cease deportations.

Miguel Perez, current president of Chicanos Unidos Arizona and an active member of La Raza, also served as the vice president of the Latino civil rights organization MECHA in Fullerton California. He is the son of two Mexican immigrants. Perez plans to become a lawyer in order to protect the rights of Latinos. You can reach Perez at mperezlaraza1985@gmail.com.

Phoenix-based Nuestros Reconquistos claims that there will be a war very similar to the Civil War fought in the next five years. “La Raza and MEChA have already talked to Latinos and Phoenix and explained that Latinos need to arm themselves for war,” says Nuestros Reconquistos President Manuel Longoria.

Don’t kid yourselves, this guy and MANY MANY of his fellow travelers are quite serious… dead serious in fact. They already have the numbers in many communities and will be able to easily overrun most adjacent communities for the simple fact that most people think it can’t or won’t happen. Come on, think about it, the majority of Americans believe that they are just here to bus our tables and cut our grass… they’re just good hard working decent people who only want a better life for themselves and their families… and most importantly, they’re no threat. That is what ALL media outlets and political/community leaders have been telling the people for years now.

Maybe in some states something like this might only last a week, but in states such as CA, AZ, & N.M. it would be devastating and they could easily gain control of large portions of the state. Look at the devastation that a relatively small number of drug gang members have wrought on whole cities just south of the border…and they’re killing their own people there! These guys basically hate white people, do you think for even a moment that they would have a problem with killing entire neighborhoods just to get their point across?

Go ahead and laugh this guy off and treat what he is saying as a joke, but do so at your own peril, Arizonians and seriously fear what I believe is coming.

The black and brown people want to defend their own people from aggression they believe whites will inflict upon them for the destruction of the Amerikcan nation, they understand that they are the cause of most of our problems, they know that they deserve nothing less then genocide for their racial crimes against the white race, and they are correct. But to believe that they would be able to hold on to any territory they steal from white Americans is foolish.  Let them have los Angels, atlanta, and other non white cities, a cluster of thermal nuclear bombs detonated in those cities, will make it clear we mean business. The challenge for we the vanguard will be to convince our racial comrades, that in a civil war we must use chemical, biological, nuclear, and concentration camps against our racial enemies.

They brought this upon themselves, they started this war by invading our communities, weakening our civilization, we will finish it. I support the nuclear option in the coming civil war, make it clear to all whites, they must as well.

Towards a new civilization.

The evil system that keeps on ticking.

Communism+capitalism=consumerism

The globalist international moment that never lost its way. It was funded by international commerce elites (jews! Jews! Jews!), staffed with international billionaires (more jews!) And their children, and held together by an uneasy mating of the anarchist demand for unlimited rights, the socialist demand for someone else to pay for those rights, and the one monetary system that works discovered so far, consumerism. As it turns out communism and capitalism may not be enemies, but best buddies, in a compromised form. Welcome to black run america, a nation founded, built, funded, and created by whites, whose sole purpose today is funding the inability of its black and increasingly brown populations non-purpose. Meaning whites pay taxes, it funds their racial dispossession as they are the only group that posses a threat to those same elites world feudal domination. As we live through Americas final years as a sovereign nation, the forces of financialization, state redistribution management and manipulation of crises, weave together their end game scenario, collapse of the western (white) civilization through endless positives feed-back loop of perceived grievances against the only group of humans to build a civilization, by way of white guilt, entitlements, and the nuclear option, global war.

Fear not, the financial elites (JEWS!) have already lost, their only chance of victory failed when they allowed their natural greed for wealth overtake their ability to maintain balance in America, with the most heavily armed population on the planet, and all attempts to disarm its populace have failed, the only course of action is collapse and an ethnic cleansing of the lower 48 by ALL possible means, (meaning nuking los angeles, and other minority-majority cities) in an effort to wipe their population centers off the face of the earth. Then passing a military-financial-territorial-social alliance with mainly Europe and Russia, unifying the nation states of our people into a single global civilization. All previous attempts at this merger has failed (last attempt was Rome) but now thank you democrats! Thank you so much, I really mean it, we couldn’t have done it without you!

Without the civil rights moment, welfare, and immigration inflicting irreparable damage to the nations of the west, stripping our culture, citizenship, and birthright from our people we would have continued to view ourselves not as White Men of the Europa but as the lowly american, german, Spanish, sweetish, Russian men of dying nations. If it weren’t for you democrats America might have remained stable another 40 years until our total replacement as its core population, now with America heading off the cliff towards the abyss below, the peoples of the Earth will be free to look after their own collective interests and those of the only identity we can fall back to, racial identity.

Enough talk of we are one nation, Amerika is dead, long live Europa. A civilization destroyed by diversity, liberalism, globalism, and multiculturalism will be anything but, when a new civilization rises from the ashes of the culture enricher’s and their hebrew emissaries of materialism (T.H.E.M. aka jews!).

In the end Malcolm X was right! He said every race no matter the consequences wants to rule itself, same applies to whites, blacks, yellows, browns, and reds! Everyone wants to decide their own destiny, to be free and sovereign on to themselves. So let’s ALL stand for true freedom! Freedom of association, freedom of commerce, freedom of the rights of warfare.

One last word, if you don’t want us to be free, and for us decide who lives within our nations, meaning who goes back to asia, latin America, and africa, you are free to marshal your armies, stand against us in open warfare on the battlefield and fight to the death for lands we rightfully conquered from lesser peoples. Its as simple as that! We shall ask for no mercy, you shouldn’t expect any from us, and as you have done to us, we shall do ten fold to you, and no my “friends” women and children are not off the table, time for the old ways to return.

I can’t wait for the fun stuff to begin.

Only one last thought, what should we rename Africa when we move its current population on to reservation?

Have a nice day.

Hey everybody! It’s okay now… We are all part of the Federal Family!

Hey everybody! It’s okay now…

http://causapatet.blogspot.com/

Your Daddy
Your Mother
Your Cousins
More Cousins
And more Cousins
Daddy hanging out with our Aunts and Uncles
Our Federal Family at play

More Federal Family at play

“’Government’ is such a dirty word right now,” says Florida State University communication professor Davis Houck. “Part of what the federal government does and any elected official does is change the terms of the language game into terms that are favorable to them.”

It’s coming for you…

Obama prepares to revive tax cut debate — for now and 2012

US deficit up 15.7% in first half of fiscal 2011

US lacks credibility on debt, says IMF

Budget tricks helped Obama save programs from cuts

Budget deal axes ‘czars’ already gone

Boehner-Obama Deal Leaves FY11 Spending $773B Above FY08 Level—About as Big an Increase as Obama’s Stimulus

JoAnn Watson: Detroit deserves bailout ‘at least’ as big as GM

Big banks are government-backed: Fed’s Hoenig

65 Ways That Everything That You Think That You Own Is Being Systematically Taken Away From You

IRS to increase “pre-crime” enforcement

Just a few headlines up there from today.

Here is my real objection to all of it, though. The talking points of Barack Obama and John Boehner were that they changed the dialog from how much to spend to how much to cut. Now, Barack Obama, having decided that he needs to win an election next year is working toward the middle with the idea of reducing the debt, but his plan is to raise taxes ten times more than he cuts spending.

Boehner Blew The Budget Deal (and probably the future of the nation)

And I am going to give my take on it:

Amerikans…

You all voted for the dumbocrats all these years … and here we are.

You all voted for the repukocrats all these years … and here we are … STILL.

Frankly, I just don’t give a crap any more. Let the house burn down. I understand that many Americans are suffering through hard times, trying to hold on to their jobs, keep a roof over their heads, pay their bills, and put food on the table for their families. The problem is … while doing all that, you spend the remainder of your free time sitting on your ass watching the booboisie tube. Or … still trying … despite it all … to keep up with the Joneses who may be doing a little better than you. Some people ARE trying to make difference. But out of a nation 300,000,000 plus people, the voice of maybe a couple of thousand is but a pixel on the TP’sTB radar screen. Sure, some of you may say that the 2012 elections are coming up and then things will change. But I have to ask you … how many times have we heard that?

Well, let me show you a little graph here:

Looking at that graph there, it doesn’t appear to matter which party was/is in control … does it? You do note one significant drop in the national debt. Unfortunately, say what one will about Jackson, most people do not know why or how that significant drop came about. But then again … and I have been there before as countless others have … I could quote Banker quotes all day long (many from the bankers themselves) about the Federal Reserve Banks in Amerika, and most Amerikans will just scoff and tell you to take off the tin-foil hat.

Over a million people lost their homes last year. Over a million people will lose their homes this year. Over 20 percent of the working population in Amerika are out of jobs. Hell, I am one of them. Many of you are paying more than what your home is now worth. The price of gas is inching up and they say it will be 5 dollars a gallon soon. The price of food and other commodities is going up. The purchasing power of your Amerikan Fiat Note is going down the drain. And it is not because things are getting more expensive. It is because the value of the dollar is taking a nose dive.

The total national debt, government and private, is over $55,000,000,000,000.00. I’ve posted this picture before and I’m posting it again because I want those who do not know understand the magnitude of the debt we as a nation are in:

That picture up there is $1,000,000,000,000.00 stacked in $100.00 bills. Enlarge it and you will note the man in the lower left hand corner to bring it to scale. Remember … $55,000,000,000,000.00. Visualize that picture stacked 54 more times. That is magnitude of our national and private debt. Most of that “money” does not even exist.

“When you or I write a check there must be sufficient funds in out account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money.” – Putting it simply, Boston Federal Reserve Bank

“Neither paper currency nor deposits have value as commodities, intrinsically, a ‘dollar’ bill is just a piece of paper. Deposits are merely book entries.” – Modern Money Mechanics Workbook, Federal Reserve Bank of Chicago, 1975

“Banks lend by creating credit. They create the means of payment out of nothing”
– Ralph M. Hawtrey, Secretary of the British Treasury

“From now on, depressions will be scientifically created.” – Congressman Charles A. Lindbergh Sr., 1913

“The financial system has been turned over to the Federal Reserve Board. That Board as ministers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money” – Charles A. Lindbergh Sr., 1923

“These 12 corporations together cover the whole country and monopolize and use for private gain every dollar of the public currency.” – Mr. Crozier of Cincinnati, before Senate Banking and Currency Committee – 1913

“A great industrial nation is controlled by it’s system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world – no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men.” – President Woodrow Wilson

“To expose a 15 Trillion dollar rip-off of the American people by the stockholders of the 1000 largest corporations over the last 100 years will be a tall order of business.” – Buckminster Fuller

Amerika … you have elected 500 plus dumb-asses to represent you. And in 2012, you will repeat. And every man and woman that you elect to represent you … is a reflection … of you. So obviously, the vast majority of you … are dumb-asses. And one day, you will obtain your highest desire and reflection of yourself … and elect down right morons.

And it gets better Amerikans … your elected representatives have promised you 113,000,000,000,000.00 and counting Fiat Dollars in unfunded mandates. And you are holding them accountable to keep that promise to you.

Remember that that picture up there? You already stacked it 54 times. Now stack it 113 more times. (Keep you eye on the little man there in the corner to keep perspective).

Eat … drink … and be merry Amerikans. When they come to collect, the only thing you will have to give them is … your soul … or your death. Choose wisely.

Someone has to worship the Beast. Will it be you?

Whether you are a Christian or not, this IS the path that we are heading to:

He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.

It appears to me that you, the vast majority of Amerikans, have this in mind for your future. Obviously, it appears that you have no problem with that.

Do you?

If so … then make a little ruckus. Because I assure you, the ruckus will eventually come for you.

Political Theater: It Turns Out That The Republicans And The Democrats Were Both Lying To Us And That The Real Budget Cut Number Is Far Less Than $38.5 Billion

Global Debt Meltdown

Wake Up America! 10 Very Obvious Reasons Why The Devastating U.S. Jobs Famine Is Going To Suck The Hope Right Out Of America

http://theeconomiccollapseblog.com/

Do you have friends, neighbors and relatives that can’t find work?  Well, unfortunately the current U.S. jobs famine is about to get a whole lot worse.  Right now there are approximately 13.9 million unemployed Americans.  That does not count those that “are not looking for work”.  That does not count those that are working part-time jobs but that are desperate for full-time work.  The truth is that we need tens of millions more full-time jobs in order to give one to everyone that wants one.  Sadly, the long-term trends that have caused this mess continue to get worse.  Unless truly dramatic changes are made, the U.S. economy is going to continue to bleed jobs and that is going to suck the hope right out of this country.  It is time to wake up America!  It is not a big mystery why we don’t have enough jobs.  But sadly, very few of our leaders are talking about the real issues.

Something has got to be done.  Unemployment is already at epidemic levels, and this country can’t afford for things to get much worse.  Just check out how a recent article in The Wall Street Journal summarized our current predicament….

There are more unemployed than the combined populations of Wyoming, Vermont, North Dakota, Alaska, South Dakota, Delaware, Montana, Rhode Island, Hawaii, Maine, New Hampshire, Idaho and the District of Columbia.

If they were a country, the 13.9 million unemployed Americans would be the 68th largest country in the world, bigger than the population of Greece or Portugal (each of which has 10.8 million people) and more than twice the population of Norway (4.7 million.)

Isn’t that incredible?

The number of unemployed Americans is larger than the entire population of Greece.

There are millions of Americans that will be sitting at home in front of their televisions tonight wondering why they can’t find jobs.  Last month, only 58.1% of Americans over the age of 16 were employed.  Our economy should be able to do far better than that.

All over the Internet there are stories of people that have sent out hundreds (or even thousands) of resumes and nobody even wants to interview them.  One recent survey found that approximately 80 percent of all Americans believe that it is “difficult” to find a job right now.

Unfortunately, things are going to get much, much worse before all this is over.

The following are 10 very obvious reasons why the devastating U.S. jobs famine is going to suck the hope right out of America….

#1 Our politicians simply do not care that America is bleeding jobs.  Amazingly, even with rampant unemployment plaguing this nation, Obama administration officials continue to declare that it is okay that we are losing manufacturing jobs because a lot of cheaper products are things that “we don’t want to make in America” anyway.  The following is what U.S. Trade Representative Ron Kirk told Tim Robertson of the Huffington Post the other day….

Let’s increase our competitiveness… the reality is about half of our imports, our trade deficit is because of how much oil [we import], so you take that out of the equation, you look at what percentage of it are things that frankly, we don’t want to make in America, you know, cheaper products, low-skill jobs that frankly college kids that are graduating from, you know, UC Cal and Hastings [don't want], but what we do want is to capture those next generation jobs and build on our investments in our young people, our education infrastructure.

The economic negligence that recent administrations have demonstrated has been absolutely mind boggling.  Blue collar male workers in particular are being absolutely devastated by the loss of manufacturing jobs.  Back in 1967, 97 percent of men with a high school degree between the ages of 30 and 50 had jobs.  Today, that figure is down to 76 percent.

#2 The Obama administration has now instituted a policy of “backdoor amnesty” for illegal immigrants by executive fiat.  Janet Napolitano has announced that from now on there will be a case-by-case review of all deportation cases.  Cases involving criminals will be prioritized and most others will be thrown out.  A list of 19 factors that will allow government officials to use “prosecutorial discretion” in immigration cases has been distributed.  Recently, I listed a few of those “factors” on The American Dream website….

-arrival in the U.S. as a young child

-actively “pursuing an education”

-serving or served in the U.S. military

-spouse of someone in the U.S. military

-18 years old or younger

-”elderly”

-pregnant or nursing

-victim of a “serious crime”

-serious disability or health problem

-caring for a family member with a serious disability or health problem

Obviously, it is not going to be too difficult for most illegal immigrants to fit into at least one of those categories.

On top of everything else the Obama administration has announced that it will now allow illegal immigrants to apply for work permits….

Illegal aliens living in the United States typically don’t apply for work permits for fear of deportation, but under the new policy, they could apply for work permits if granted deferred action or parole and compete with 22 million Americans who can’t find a full-time job.

So now blue collar Americans workers will have even more competition for the dwindling number of jobs.

#3 State and local governments all over the country are dead broke, and an atmosphere of austerity is sweeping the nation.  Right now state and local governments are slashing jobs at an unprecedented rate.

In the past, government jobs were considered to be very secure and they definitely paid a lot higher than average.  But now that era is coming to an end, at least on the state and local government levels.

According to the Center on Budget and Policy Priorities, state and local governments have eliminated more than half a million jobs since August 2008.  UBS Investment Research is projecting that state and local governments in the U.S. will cut 450,000 more jobs by the end of 2012.

#4 U.S. businesses are being absolutely crushed by mountains of nightmarish regulations, and yet the federal government, the state governments and local governments just continue to pile them on.  For example, the U.S. Food and Drug Administration is projecting that the food service industry will have to spend an additional 14 million hours every single year just to comply with new federal regulations that mandate that all vending machine operators and chain restaurants must label all products that they sell with a calorie count in a location visible to the consumer.  Due to these kinds of ridiculous regulations, many business owners have simply given up and many other potential business owners figure that owning a business is just not worth the hassle.

#5 As I have written about so many times before, the “global economy” is really bad for American workers.  When we merged our economy with the economies of nations where it is legal to pay slave labor wages, we made it inevitable that we would start losing massive amounts of jobs.

Why would a giant corporation pay a U.S. worker 10 to 20 times as much as a worker on the other side of the globe?  Investors actually expect big companies to have an “outsourcing” strategy today.  When more jobs get shipped out of the country, profits go up, stock prices go up and executive bonuses go up.

Big corporations don’t exist to provide you with jobs.  They exist to maximize shareholder wealth.  If taking your job away and giving it to someone in Asia will make more money for them, then that it exactly what they are going to do.

#6 Unfair trade is absolutely killing our economy.  It would be one thing if the U.S. was running a massive trade deficit solely because we were incompetent.  But the truth is that a big factor is that a number of our “trade partners” are economic predators that are purposely trying to prey on us.

The other day, I wrote about some of the things that China does to steal our jobs, our factories and our wealth….

China massively subsidizes their biggest corporations, they brazenly steal technology from anyone that they can, they openly manipulate exchange rates and they allow their workers to be paid slave labor wages.

Today, we spend about 4 dollars on imports from China for every 1 dollar that China spends on imports from us.  China now even makes more beer than we do.  Even the new Martin Luther King, Jr. Memorial on the National Mall was made in China.

Until our politicians start insisting on a level playing field, all of this is going to continue.

#7 Small businesses are traditionally one of the primary engines of job growth in this country.  But right now, small businesses all over America are having a really hard time getting anyone to loan them money.  A big reason for this is that the Federal Reserve is actually paying banks not to make loans.  Unfortunately, if small businesses can’t get the money that they need, then they can’t hire people.

#8 A lot of people may not want to hear this, but businesses in the United States are being absolutely taxed into oblivion.  The U.S. now has the highest corporate tax rate in the world, but that is only a very small part of the story.

Michael Fleischer, the President of Bogen Communications, wrote an op-ed last year for the Wall Street Journal entitled “Why I’m Not Hiring”.  The following is how Paul Hollrah of Family Security Matters summarized the nightmarish taxes that are imposed when Fleischer hires a new worker….

According to Fleischer, Sally grosses $59,000 a year, which shrinks to less than $44,000 after taxes and other payroll deductions. The $15,311 deducted from Sally’s gross pay is comprised of New Jersey state income tax: $1,893; Social Security taxes: $3,661; state unemployment insurance: $126; disability insurance: $149; Medicare insurance: $856; federal withholding tax: $6,250; and her share of medical and dental insurance: $2,376. Roughly 25.9 percent of Sally’s income is siphoned off by Washington and Trenton before she receives her paychecks.

But then there are the additional costs of employing Sally. In addition to her gross salary, her employer must pay the lion’s share of her healthcare insurance premiums: $9,561; life and other insurance premiums: $153; federal unemployment insurance: $56; disability insurance: $149; worker’s comp insurance: $300; New Jersey state unemployment insurance: $505; Medicare insurance: $856; and the employer’s share of Social Security taxes: $3,661.

Over and above her gross salary, Bogen Communications must pay an additional $15,241 in benefits and state and federal taxes, bringing the total cost of employing Sally to approximately $74,241 per year. Sally gets to keep $43,689, or just 58.8% of that total.

After reading all that, can you really blame business owners for not wanting to hire additional workers?

#9 The national debt is like a giant albatross around the neck of the economy. The U.S. national debt has increased by more than 4 trillion dollars since Barack Obama took office.  The rampant government spending that has been going on has not done much to create new jobs, but it will be a massive burden that will weigh down economic growth for many years to come.

When a nation is drowning in debt, a tremendous amount of economic resources must go to servicing that debt.  Right now, hundreds of billions of dollars a year that could be used to build up our economy are instead being used to pay interest on the national debt.  If interest rates go up significantly, we could soon be paying over a trillion dollars a year just in interest on the national debt.

#10 Right now America is very deeply divided and a tremendous sense of pessimism has set in.  One recent survey found that 48 percent of Americans believe that it is likely that another great Depression will begin within the next 12 months.  With such a negative feeling in the air, it is going to make it even less likely that business owners will be in the mood to hire people.

I know that I pick on Detroit a lot, but it really is a microcosm of what is happening to America.  The following video contains some absolutely amazing footage of the ruins of Detroit….

Sadly, what is happening to Detroit is happening in hundreds of other communities across the United States.

All over America, neighborhoods that were once teeming with hope and prosperity are now falling apart.  Hopelessness is rampant and it is spreading.  The number of Americans on food stamps has increased 74% since 2007.  If not for our increasingly overwhelmed “safety net”, we would already have mass rioting in the streets.

Sadly, we are already seeing all sorts of signs that society is collapsing.  As the economy continues to fall apart, the violence in our neighborhoods is going to get even worse.

The following is one very shocking recent example from the Chicago Tribune….

Moments before she was slain last week on Chicago’s Southwest Side, 17-year-old Charinez Jefferson begged the gunman not to shoot because she was pregnant, prosecutors said today.

Despite her plea, Timothy Jones, 18, opened fire on Jefferson anyway, yelling an expletive at her as he shot her in the head, prosecutors said. He then stood over her as she lay on the ground and fired several more times, striking her in the chest and back.

America is changing.  The country that so many of us have loved all of our lives is becoming unrecognizable.  Large numbers of communities have had all of the hope sucked right out of them.  Tens of millions of Americans that want to do things the “right way” are rapidly losing faith in the system.

When you can’t get a decent job after months and months of trying it can be absolutely soul-crushing.

What do you tell someone that has spent a year sending out resumes and has used up all of their savings?

The era of endless prosperity for America is at an end.  The cold, hard consequences of decades of bad decisions are starting to set in.

Unless a dramatic change of course happens, the long-term trends noted above are going to get progressively worse.  It won’t matter who is running Congress and it won’t matter who is in the White House.

Right now our economy is rapidly hurtling downhill on a bus without brakes and we are headed directly for a cliff.

Please wake up America.

3, 2, 1: Global Debt Meltdown

We are steamrolling toward a massive global debt meltdown, and at this point world leaders seem to be all out of solutions.  Over the last 30 years or so, the greatest debt bubble in the history of the planet has produced unprecedented prosperity in the western world.  But now that debt bubble is starting to burst and the bills are coming due.  Many believe that “ground zero” for the coming global debt meltdown will be in Europe.  Unlike the U.S. and Japan, the nations of the EU can’t just print more money to cover their debts.  Nations such as Greece, Portugal and Italy must repay their debts in euros, and those nations are rapidly getting to the point where their debts are going to overwhelm them.  Unfortunately, major banks all over Europe are very highly leveraged and are also very heavily invested in the sovereign debt of nations such as Greece, Portugal and Italy.  If even one EU nation defaults it will start tipping over financial dominoes.  If more than one EU nation defaults it could cause a cataclysmic wave of bank failures all over Europe.

But Germany and the other more financially stable countries of the EU cannot bail out nations like Greece, Portugal and Italy indefinitely.  Pouring money into Greece is like pouring money into a black hole.  When you take money from financially stable countries and pour it into hopeless messes, you may stabilize things for a little while, but you also cause the financial condition of the financially stable nations to start deteriorating.

Right now, the yield on 2 year Greek bonds is up to 44%.  Basically, the market is screaming that these are horrible investments and that they will almost certainly default.

Greece cannot fire up the printing presses and print more money, so they are now totally dependent on others to bail them out.

Just how desperate have things become in Greece?  Just consider the following excerpt from a recent article by Puru Saxena….

In Greece, government debt now represents almost 160% of GDP and the average yield on Greek debt is around 15%. Thus, if Greece’s debt is rolled over without restructuring, its interest costs alone will amount to approximately 24% of GDP. In other words, if debt pardoning does not occur, nearly a quarter of Greece’s economic output will be gobbled up by interest repayments!

Can you imagine?

No nation on earth can afford to pay out nearly a quarter of GDP just on interest on government debt.

So just how did Greece get into this position?  Well, it turns out that big U.S. banks such as Goldman Sachs and JPMorgan Chase played a big role.  The following is an excerpt from a recent article by Andrew Gavin Marshall….

In the same way that homeowners take out a second mortgage to pay off their credit card debt, Goldman Sachs and JP Morgan Chase and other U.S. banks helped push government debt far into the future through the derivatives market. This was done in Greece, Italy, and likely several other euro-zone countries as well. In several dozen deals in Europe, “banks provided cash upfront in return for government payments in the future, with those liabilities then left off the books.” Because the deals are not listed as loans, they are not listed as debt (liabilities), and so the true debt of Greece and other euro-zone countries was and likely to a large degree remains hidden. Greece effectively mortgaged its airports and highways to the major banks in order to get cash up-front and keep the loans off the books, classifying them as transactions.

All over the world, politicians love to “kick the can down the road”, and big Wall Street banks love to find creative ways to help them do that.

But now Greece is about to collapse, and the people that helped them get into this mess will probably never be held accountable.

If Greece does default, it is going to have dramatic consequences all over Europe.  For a chilling look at what could potentially happen when Greece defaults, just check out this article by John Mauldin.

Sadly, Greece is far from the only problem in Europe.  Portugal, Ireland and Italy also have debt to GDP ratios that are above 100%.

The biggest potential problem, at least in the near-term, is Italy.

Italy is the fourth largest economy in the EU, and lately the financial problems of the Italian government and Italian banks have been making headlines all over the globe.

Italy is a far, far larger potential problem than Greece is.

The EU can handle bailing out Greece, at least for now.

If Italy gets to the point where it needs large bailouts, that is going to bring down the whole system.  The EU simply does not have enough money to perform an extensive financial rescue of Italy.

As you can see from this chart, the exposure that European banks have to Italian debt is absolutely massive.  If Italian debt goes bad, it is going to take down a whole bunch of banks.

Not only that, but many believe that the European Central Bank itself is now in some very dangerous territory.

It is estimated that the European Central Bank is now holding somewhere in the neighborhood of 444 billion euros worth of debt from the governments of Greece, Italy, Portugal, Ireland and Spain.

The financial consequences of a default by one or more of those nations could potentially be catastrophic.

According to London-based think tank Open Europe, the European Central Bank is massively overleveraged….

“Should the ECB see its assets fall by just 4.23pc in value . . . its entire capital base would be wiped out.”

That doesn’t sound good.

Surely the European Central Bank would be recapitalized somehow, but this is just another example that shows just how dangerous huge amounts of leverage can be.

As I wrote about in a recent article about the sovereign debt crisis, if the dominoes begin to tumble in Europe it is going to take everybody down.

The big banks in Europe are leveraged to the hilt, and they are massively exposed to government debt.

If you don’t think that this is a problem, just remember what happened back in 2008.

Back then, Lehman Brothers was leveraged 31 to 1.  When things turned bad, Lehman was wiped out very rapidly.

Today, major German banks are leveraged 32 to 1, and those banks are currently holding a massive amount of European sovereign debt.

Yes, things could become really nightmarish if the dominoes start to fall.

Already we are seeing huge signs of trouble at major banks all over Europe.

Major European banks UBS, Barclays, Credit Suisse, RBS, and HSBC have all announced layoffs recently.  In fact, when you add them all up, the total number of layoffs announced by these banks just this month is over 40,000.  Overall, the grand total of layoffs by European banks so far this year is now up to 67,000.

The mood in the financial sector over in Europe is very dark right now.  Just consider the following excerpt from a recent Bloomberg article….

“It’s a bloodbath, and I expect things to get worse before they get better,” said Jonathan Evans, chairman of executive- search firm Sammons Associates in London. “I cannot see a lot of those who have lost their jobs getting re-employed. Regardless of how good someone is, no one wants to talk about hiring. Life will be very difficult for two or three years.”

Just like back in 2008 with U.S. banks, we are seeing European banks getting absolutely pummeled right now.  A recent article in The Sydney Morning Herald documented some of the carnage….

The 46-member Bloomberg Europe Banks and Financial Services Index has fallen 31 per cent this year. RBS tumbled 49 per cent, Barclays 44 per cent and France’s Societe Generale 48 per cent.

Credit Suisse and UBS both reported a 71 per cent drop in investment-banking earnings in the second quarter. Revenue at Edinburgh-based RBS’s securities unit dropped 35 per cent in the period, while London-based Barclays Capital posted a 27 per cent decline in pretax profit.

Things in Europe continue to get worse and worse and worse.

Do not take your eyes off of Europe.  This crisis is just getting started.

Not that there aren’t huge debt problems around the rest of the globe as well.

Japan has a national debt that is now over 200 percent of GDP, and they are really struggling to recover from the recent disasters that devastated that nation.

Moody’s has just downgraded Japanese government debt one notch to Aa3, and more downgrades could be coming.  For now Japan is still able to borrow huge piles of money very, very cheaply but if that changes Japan could be wiped out very quickly.

Of course the nation with the biggest debt of all is the United States.

At the moment, the U.S. national debt is sitting at a grand total of $14,649,289,670,347.85.

Fortunately, the U.S. is also able to borrow massive amounts of money very, very cheaply right now.  But when that changes it is going to be absolutely cataclysmic for our economy.

Sadly, our politicians continue to act as if this debt binge can go on forever.

According to the Congressional Budget Office, the budget deficit for the federal government will be about 1.28 trillion dollars this year.  This will be the third year in a row that we have had a budget deficit of over a trillion dollars.

To put that in perspective, from George Washington to Ronald Reagan the U.S. government racked up a grand total of about one trillion dollars of debt.  But this year alone we will go 1.28 trillion dollars more into debt.

At the moment, the U.S. national debt is expanding by about 2 and a half million dollars every single minute.  It is hard to put into words how absolutely foolish that is.

As I wrote about yesterday, someone needs to wake up America.  Our debt is exploding and our economy is dying.

We haven’t even solved the problems caused by the last financial crisis.  The real estate market is still a gigantic mess.  Purchases of both new and previously existing homes in the United States continue to fall.

But there will never be a housing recovery until there is a jobs recovery, and our politicians continue to stand by and watch as millions of our jobs are shipped overseas.

Unemployment is rampant, and even many of those that do have jobs are barely able to survive.

Back in 1980, less than 30% of all jobs in the United States were low income jobs.  Today, more than 40% of all jobs in the United States are low income jobs.

That is not a good trend.

Sadly, it looks like things are not going to get much better any time soon.

Right now, the Congressional Budget Office is projecting that unemployment in the U.S. will remain above 8% until 2014.

That should really scare you, because government numbers are almost always way too optimistic.  The folks in the federal government hardly ever project that unemployment will actually go up.

So if they are saying that unemployment will remain above 8 percent until 2014, the truth is that things will probably be worse than that.

We have entered very frightening times.  We are on the verge of a massive global debt meltdown, and nobody is sure what is going to happen next.

Let us hope for the best, but let us also prepare for the worst.

 

Are You Getting Prepared?

Are You Getting Prepared?

http://market-ticker.org/akcs-www?post=193275

On 6/10 I wrote an update to my “Ten ThingsTicker in which I pointed out that the current medical system – and in particular Medicare and Medicaid, are not possibly sustainable.  I said specifically:

  • Remember the first rules from Zombieland.  No, not “double tap.”  CardioIf you’re a couch potato you need to fix this right now.  Google up “Couch to 5k” if you need a way to get started.  If you can’t jog a couple of miles non-stop you’re not in acceptable physical shape.  The simple fact of the matter is that most of us are “sedentary” in our work nowdays and I’m willing to bet that 75% of those over 30 could not jog one ten-minute mile if it became necessary.  Well, if things get dicey and you have only your feet at that instant in time to reach safety with the question becomes this: Are you going to make it or have a heart attack?  One mile is simply not that far and fixing this problem can be done in eight weeks with nothing more than a pair of running shoes and 20 minutes three times a week.  Do it, and do it now.  This is not just about outrunning a bad situation; it’s also about reducing your risk of dying when, not if, the “medical safety net” you’re accustomed to today disappears.  I believe it will.  As such a minimum level of physical fitness is no longer optional unless you would like to make a date with St. Peter.

I’m going to challenge everyone reading this: Whatever your excuse is for not taking care of this, stop lying to yourself – it’s an excuse.

If I, an “old fart” (and pushing 50) can do this, so can you.  If you’re not, it’s because you don’t want to.

Facts are facts.  Here are facts – this is 4/27 of this year, when I decided I wasn’t going to be an “old fat bastard” any more – that I was going to drop the “fat” part (the “old” part I can’t fix and “bastard” is a fact whether I like it or not.)

And this is the result of this morning’s jog:

You can choose folks.  Your choices are a pair of running shoes or an attempt to continue to play with the medical system, which is going to wind up looking and feeling exactly like this:

Screwjob by genesis

If you can’t run for whatever reason, you can find a means of physical exertion you can do.  Swimming is extremely low-impact and accessible to nearly everyone  Yes, that means a gym membership (where there’s a pool.)  If running doesn’t suit you, biking might (I do both.)  If biking and running don’t suit you, walking could do the job.  Oh, and if you’re like most Americans, cut 500 calories a day from your diet.  Using something like Myfitnesspal (free app for Android phones) makes it easy – log everything that goes in the piehole and you’ll quickly realize how fast it all adds up and goes straight to your waistline.

Come to grips with your own mortality, however you are best comfortable with doing so.  Change what you can, and accept what you cannot change.  That we all get older and begin dying from the day we’re born onward we cannot change.

How we go from the first point to the second is only partly under our control, but ceding that control to a nanny government that now threatens parents with arrest because their kid rides his or her bike to school is an outrage.  That’s not government with the consent of the governed, it’s a declaration that you’re living in a de-facto prison – one that is now desperately clawing at the cliff-edge as Leviathan has borrowed and spent itself into a corner and is biting off your legs to sustain itself.

Cornered animals are extremely dangerous, but as the edifices of alleged “safety” (which have been used to buy your vote and thus acquiescence) collapse, you will be forced to deal with the fact that these promises and expectations have always been utter crap and impossible to sustain.

You can either be prepared for this transition, accept it and enjoy your journey from birth to death, or you will find yourself a wide-eyed deer in the headlights of oncoming reality.

Incidentally, that’s a train.

Form your defensive tribes now!!!!!!!!!!! Build your networks now!!

Data Points for your consideration

Locust: As I have been saying

for years, be ready!!!!!!

Prepare For Battle!


http://spartacus2002.wordpress.com/2011/08/30/data-points-for-your-consideration/

1.  Congressional Black Caucus – meaning YOUR ELECTED REPRESENTATIVES, members of the FEDERAL GOVERNMENT – is out there stirring up the rhetoric, getting their constituents all spun up against the Tea Party, evoking images of Jim Crow, lynchings, war, etc.  Link to video available here.

2.  Anarchist/Communist group threatens class warfare against Tea party.  Link to video available here.

3.  From my prior posting:  “The Real Enemy is the Tea Party.”

4.  From Maxine Waters:  “I’m not afraid of anybody,” Waters told the crowd. “This is a tough game. You can’t be intimidated. You can’t be frightened. As far as I’m concerned, the Tea Party can go straight to hell.”

So what does it all add up to?  See this pithy analysis found on the Internet from someone that is the target of the above threats:

The folks who are getting free stuff, don’t like the folks who are paying for the free stuff, because the folks who are paying for the free stuff, can no longer afford to pay for both the free stuff and their own stuff. And, the folks who are paying for the free stuff, want the free stuff to stop. And the folks who are getting the free stuff, want even MORE free stuff on top of the free stuff they’re already getting!

Now, the people who are forcing the people who PAY for the free stuff, have told the people who are RECEIVING the free stuff, that the people who are PAYING for the free stuff, are being mean, prejudiced, and racist. So, the people who are GETTING the free stuff, have been convinced they need to HATE the people who are PAYING for the free stuff by the people who are forcing the people who are PAYING for the free stuff and GIVING them the free stuff in the first place.

We are seeing the political class-warfare and race-warfare rhetoric heating up to a god-awful degree.  And it’s being fomented by elected Representatives of the United States Congress — and the President, of course, months and months ago, started this process with his “get in their faces” instructions to his legions.  You know, this guy:

That should let you know two things:

1.  This divisive government-sponsored rhetoric is REALLY HAPPENING.   It is not tinfoil conspiracy stuff or SHTF-masturbatory fantasy.

2.  The federal government is beyond the “gloves are off” stage; it has taken its gloves off and is poking the Tea Party in the chest.

I have started a Tea Party group in my neck of the woods to try to push back via the legitimate political system, by applying legitimate nonviolent political pressure on elected representatives.  But I wonder more and more if it is merely rearranging the deck chairs on the Titanic, and whether my efforts are better spent on cardio and FM 7-70 in preparation for defending against a coming violent political arena.

ADDITIONAL DATA POINTS:  We had Hurricane Irene hit central Virginia this weekend.  Not much damage here other than the power out and some trees down (none in our yard, thankfully).  But there were two interesting data points to take away:

1.  Where the stoplights were out, we’re supposed to treat it as a four-way stop.  Hell, I remember that from driver’s education class in the mid-1980s.  Apparently I was the only person who remembered that; most of the intersections operated according to Road Warrior rules of the road that said “road with most lanes has right of way, followed by biggest truck, followed by those with the attitude to say ‘screw you, I’m going through.’”  Not a good commentary on how people behave when the rules aren’t in place.  If we cannot count on folks to obey one traffic law on how to treat a dead traffic signal, how can we count on them to not steal or rat out neighbors who have food/generator/firearms?

2.  A neighbor who works in public safety was at his post near the projects during the hurricane.  According to him, once the power was out, the Free Stuff Army in the projects quickly figured out that alarm systems wouldn’t work, so they looted the convenience stores, bypassing the D-cell batteries for alcohol.  Then, after a mere 24 hours of no power and no A/C, the FSA started chanting “WE WANT POWER!” and lit trash cans and a vehicle on fire.  Then, some of them approached the local fire station to demand D-cell batteries and ice, and were genuinely dumbfounded that the fire station was not there to hand out freebies.  If those folks are that ignorant of how to prepare for crisis, they will be easily recruited into a Reparations Army to come for your stuff.

EDITED TO ADD UNRELATED VIDEO FROM ATLANTA FROM EARLY AUGUST WHEN FOOD STAMPS CARDS HAD A GLITCH:  http://www.myfoxatlanta.com/dpp/news/local_news/Clayton-County-Food-Stamp-Snafu-Angers-Many-20110810-am-sd  Now imagine this in your AO for an extended period of time.

Form your defensive tribes now.

 

Build your networks now

Karl Denninger has been keeping at good eye on the economy and political scene at The Market Ticker (http://www.market-ticker.org).  His latest post has some good tips about preparing for further economic catastrophe.

One point that is particularly noteworthy is this bit:

Got faith? There may or may not be a God, but it’s a fact that there’s a congregation in the corner Church on Sunday. Consider that if the Zombie Apocalypse comes knocking your local faith community may be the best option for mutually-arranged self-defense, the patching of any holes that might get made in places you’d rather not have them, and the provision of basic human needs, including most-particularly something hot to put down the pie hole. Is faith practical? You decide, and consider this along with the following indisputable fact: Once you know for sure if there’s a God it’s too late to change your mind.

The real point is not faith, but community.  You see, if we as law-abiding Patriots find ourselves at  odds with the government or its supports, you can be assured of one thing:  The government, the law enforcement bodies, the media, the politicians and political elite, the pundits, and the sheep will all be aligned against YOU if you try to defend yourself against the feral sapiens of the Free Stuff Army.  The only people on your side will be the community ties and networks that you have built.

Let me emphasize that again:  That YOU have built.  Nobody will do it for you — but there are plenty of like-minded folks if you are looking.

 

 

 

 

 

MLK Fascism

Locust: More Negro Fascism.

MLK Fascism

As I’m sure you know by now, America’s patron saint of Multiculturalism, Black Empowerment, and White Guilt has been memorialized on the Washington Mall, in gargantuan fashion.

There is, of course, a patent incongruity to the Black civil-rights activist sharing the same grounds as aristocratic salve-holders and a 19th-century nationalist who sought to “de-colonize” the American Negro back to Africa.

But in the end, the massive, laughable kitsch that has been erected is a fitting tribute to the man, as well as to the federal government that, in so many ways, has been reconstructed in his image.

Many have expressed alarm that the commissioned sculptor was Chinese, and that the work has a certain…Maoist…quality to it. They shouldn’t be surprised. When it comes to MLK depictions, for decades, artists have been stuck in an aesthetic rut, remaking the heroic, statist works of prewar totalitarianism.

Chinese MLK

In a wash of Holocaust memorials and cool corporate abstraction, the only kind of public art that is allowed to express brute masculinity must involve Negro advancement.

MLK Head

Take, for instance, Patrick Morelli’s “Behold,” which graces Atlanta’s corrupt and dilapidated King Center for Nonviolent Social Change (which functions mainly as a tax-payer funded cash cow for various King offspring.) “Behold” was erected in 1990, and yet, when I first laid eyes on it, I sensed that the artist must be, quite consciously, channelling Arno Breker. (I hesitate to associate such an ghastly work with Breker, whose genius has been unfairly shrouded by his association with German National Socialism.)

Behold

I’m reminded as well of the massive mural that hovers above the baggage-claim exit of Atlanta’s Hartsfield-Jackson Airport, which I am convinced was painted by a crypto-bigot as some kind of elaborate joke.

Atlanta Airport

(Interestingly, by the ’60s and ’70s, Communists sculptors had moved beyond the pompous style of the ’30s and embraced postmodernism and abstraction. Tito, for instance, commissioned some of the most bizarre creations extant.)

So much for aesthetics. Stephan Kinsella, an expert of copyright law, has alerted me to the fact that the King family charged the not-for-profit foundation that lead the MLK project some three quarters of a million dollars for the rights to the Good Reverend’s words.

The New York Post reports:

WASHINGTON — The Rev. Martin Luther King Jr.’s family has charged the foundation building a monument to the civil-rights leader on the National Mall about $800,000 to use his words and image — and at least one scholar thinks that Dr. King would find such an arrangement offensive.

The memorial is being paid for almost entirely through a fund-raising campaign led by the Martin Luther King Jr. National Memorial Project Foundation.

“I don’t think the Jefferson family, the Lincoln family [or] any other group of family ancestors has beenpaid a licensing fee for a memorial in Washington,” said Cambridge University historian David Garrow, author of a Pulitzer Prize-winning biography of Dr. King. “. . . [He would've been] absolutely scandalized.”

Financial documents revealed that the foundation paid $761,160 in 2007 to Intellectual Properties Management Inc., an entity run by the King family. They also showed that a $71,700 “management” fee was paid to the family estate in 2003.

This kind of thing certainly makes one question America’s system of patents and copyrights. (Kinsella advocates doing away with the concept of “intellectual property.”)

And the King family’s actions becoming doubly dubious when one remembers that Martin Luther King plagiarized most of the writings for which he has become world renowned.

Marcus Epstein:

When Boston University founded a commission to look into it, they found that that 45 percent of the first part and 21 percent of the second part of his dissertation was stolen, but they insisted that “no thought should be given to revocation of Dr. King’s doctoral degree.” In addition to his dissertation many of his major speeches, such as “I Have a Dream,” were plagiarized, as were many of his books and writings. For more information on King’s plagiarism, The Martin Luther King Plagiarism Page and Theodore Pappas’ Plagiarism and the Culture War are excellent resources.

King apologists like to claim that their idol shouldn’t be held accountable for plagiarism, since he was raised in a Souther Baptist milieu in which borrowing and sampling from other preachers was the norm. Whatever the case, if you want to use a text that King once pilfered, then you should expect to pay. He done stole it first, it seems.

The arc of the moral universe is long, and let’s hope it bends toward the truth. Until that day, one can only conclude that the MLK legend, and its attendant industry, has reached a state of self-parody.

Why will Amerika fall?

Why will Amerika fall?

Its black people stupid. America since the 1960′s has been on this course of national collapse when we decided that those who are not equal to us, will be made equal to us, no matter the cost. The United States has been importing domestic parasites for more then two generations, and black people started it all (with their Jew masters). We have created a system that feeds itself, blacks are poor, we need more government employees (who also happen to be black) to help them, spend more money than we have on blacks, and cost of living goes up, making it hard for poor people (blacks and Latinos, and increasingly whites) to maintain a higher quality of life, and the cycle repeats itself to infinity, and therefore we need to spend more and more money.

Now blacks, are making more and more demands on a system that is crippled to offset that decline in standard of living due to our dying economy. We are reaching a point where more demands are being made to augment programs specifically created to help advance black people, where the government must hire more and more of them, (approx 20% of federal employees are now black, some departments its upwards of 80%) Obama hiring freeze on whites is proof of the existence of this cycle.

They will continue to make demands and these demands will be satisfied by cowardly whites to delay the coming social unrest/collapse of Amerika.

Why can’t we keep lowering standards, and increase our speeding forever? Because the non white industrial nations don’t give a flying fuck about the black man and his genetic issues, they will not tolerate Amerika’s spending spree and will force us to stop spending through inflation/deflation or austerity measures, probably both. The artificial black middle class (without direct/indirect government money) will collapse into violence. The cities will burn, and the US government will fall, allowing the new alternative right to come into power.

Simple as that.