moonlightcowboy's WunderBlog

DEFEAT Cap & Trade!

By: moonlightcowboy, 9:16 PM GMT on June 27, 2009

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Legislation that Congress passes is called a "bill" - well, you dayumed right! That's what they are - BILLS! Bills delivered to your mailbox each time they pass some measure! This climate bill that just passed the House on Friday will hit your wallet very hard and further cripple the US economy if it is not defeated! The bill now goes on to be voted on in the Senate. Keep in mind that debate may be taking place on a companion bill in the Senate, rather than on this particular bill. This blog will not discern or debate the issues of the bill to any length. Instead, its purpose is to create awareness and used as a tool to help get the measure defeated in the US Senate. Contact numbers linked below! If people will make at least 2 phone calls to their senators and 1 call to Florida Senator Mel Martinez (phone), our voices can be heard that we don't want this massive, regressive tax bill passed.

Here's a Household Cap-and-Trade Burden Calculator to help you figure how it will effect your pocket book! (submitted by HG, thanks).

The Economic Impact of the Waxman-Markey Cap-and-Trade Bill

The bill, H.R. 2454 Cap & Trade, will significantly raise electricity costs as well as many, many other things. In fact, the CBO estimates that this massive regressive TAX legislation will cost each home approxiately $3,100 annually and increase progressively each subsequent year. Are you ready to pay this new tax? I am not. It is not law yet, but it will be if it passes the Senate after the July 4th recess. If you're interested in helping get this bill defeated in the US Senate, please, follow along in the blog for helpful links; and, I also encourage you to visit Sebastionjer's blog for more information. The next meeting of the Senate is July 6, 2009.

Do not be fooled! This bill does NOTHING to save the planet from global warming - nothing at all. There are no elements of the bill that expressly provide any measures to reduce greenhouse emissions. (Read the bill - H.R. 2454.) How can it save the planet from warming when the rest of the world, especially China, is left unfettered to continue producing ACO2? In the last few years China was putting a new coal-fired plant on line at the rate of one per day! Apparently, global warming only happens in the western hemisphere, or more specifically, the USA! Europe tried trading carbon credits and failed miserably - their economies are in shambles now and their credit ratings have been substantially down-graded to "risk" status.

This is simply the most massive tax bill ever passed by the US House of Representatives in our history! Estimates are that this bill will tax the American people nearly $1,000,000,000,000 through 2019! It is also estimated that it will immediately result in the loss of another 2,500,000 jobs. American companies will leave the country like a rat abandoning a sinking ship to avoid substantially higher energy and other costs.

The USA is broke, bankrupt; yet, our POTUS and Congress are wildy borrowing and spending money. Instead of creating more bureaucratic, controlling government with more programs, czars, etc, these officials should be focusing on how to regrow our wealth. They've got it backwards. Congress under Bush and Obama (with Obama making it a new art form) have leveraged our childrens' futures for years with this gargantuan spending. Now, it appears that they plan to use the "hoax" of climate change to massively expand government even more and it will certainly cripple our already weakened economy and likely throttle us into a full-fledged depression, lasting years!

CONGRESSIONAL BUDGET OFFICE COST ESTIMATE-H.R. 2454



Below is how the House voted on the measure. Please, take the time to find out how your represenative voted. If they voted for this plan please consider supporting another candidate to replace them in the 2010 mid-term elections. And, if you will please, post the names of candidates or potential candidates that will or could be running to upseat those incumbents. Many plan to support opponents of congressmen who voted for this legislation.

Votes on Passage
Jun 26, 2009: This bill passed in the House of Representatives by roll call vote. The totals were 219 Ayes, 212 Nays, 3 Present/Not Voting. 8 Republicans voted for the bill.

View Votes (House of Representatives roll no. 477)

This bill MUST BE STOPPED! Below is a sample script you can use to contact the two senators in your state. But, I would also highly encourage you to contact all 100 senators! Following are also links to each of the senators, st, email, mail and phone numbers. This is such an overwhelming, massive and regressive tax bill that it requires as much effort as possible to see it soundly defeated. EASILY FIND your SENATOR'S CONTACT INFO here. This is a great site for following legislation. Please use that link and send to your friends, and share it on blogs, Facebook, Twitter, etc.

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FLORIDIANS - Senator Mel Martinez is planning to raise your electricity and other costs. Here is what this massive, regressive tax bill cost Florida: What will carbon caps cost Florida?

Email Senator Martinez HERE! And, tell him to vote "NO" on the Cap and Trade Bill! Or call him at one of his district or Washington offices HERE.

SAMPLE PHONE SCRIPT:

Yes, can you please tell me how Senator _________ plans to vote on the cap and trade bill?

UNDECIDED - Please ask the senator to vote "no" to cap and trade in any form. It is a regressive tax that will further cripple our economy with higher energy costs and job losses. It will hurt too many already struggling. Further, it will do nothing to control global warming considering the rest of the world is left unfettered to continue producing emissions. Please, tell the senator to vote "NO" and we will remember those who helped killed this tax in the next election.

NO - That's great, thank you! Please extend my appreciation and I will continue to support the senator's positive leadership!

YES - Please ask the senator to reconsider his/her position because this is simply not a good bill and will do nothing to help curb emissions. It will cost this country more jobs through higher energy costs and inflated prices for many businesses and homes already struggling. I want my voice represented and I am committed to continue supporting the senator, but only if his/her vote changes to help kill this massive, regressive tax bill!


NOTE: Work in progress - can't keep up with all that needs to be blogged and posted. Appreciate your help! Thanks.


Don't forget to check out Tropical Lagniappe for some great links to other blogs and websites from fellow WU members! There's some great info here and I always learn something each time I visit them!

BLOG RULES: Simple - Keep it absolutely civil, especially towards fellow bloggers. And, don't get heavy on the partisanship - it's quite obvious that corrupt, petty, inept, greedy, power-lustful politicians are plentiful on both sides of the aisle. It's ok to take jabs at them - either party, any official or candidate; but, leave the total "blame game" out of this - it's ALL of them, everyone! If you think otherwise, then you probably don't want to bring it in here!

...see ya 'round the blogosphere! Have a good one!


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KODACHROME clicked out!

By: moonlightcowboy, 1:24 PM GMT on June 23, 2009

Somewhere in old attics and bookshelves there are volumes of old photo books full of sticky, wax-covered, translucent sheets pressed against the many colors of life in pictures - thousands of little baby smiles, birthdays, graduations, birds, flowers, traveled landscapes with mountainous peaks and glorious valleys, sunrises and moon shadows – all in brilliant, beautiful Kodachrome splendor.


(Sparrow Image credit:Ralfo)

If you have some of these old photos or have seen them, you should probably thank Kodachrome, an amazing film for nearly 75 years that captured rich, real life colors and probably advanced the art of photography as much or more than the invention of the camera itself. Kodak announced this week that it would no longer be making the once very popular commodity, giving way finally and fully to the new digital technologies.

We’ve all had affection for taking pictures at some point in our lives. For many it’s a lifelong hobby or profession even. There were those fun technical terms like “say cheese” or “fuzzy pickle” that always sparked involuntary, insatiable contractions of smile muscle. We want to record our cherished moments of people and places, ensuring their eternal endearment; and so, from behind the lens we transform ourselves with photographic artisan, capturing surreal images as real as if we’d painted them ourselves on canvas with brush and oils.

There was that first camera and the smell of a newly opened package of Kodachrome. It heightened our senses and expectations, our imaginations and with results often pleasantly surprising and satisfying – the kind of results better enjoyed when shared. We’d get double prints and give our works away to friends and loved ones. Twelve-count exposure rolls were never enough, so we opted for 24 and 36 frames, knowing our odds improved with each click of the shutter, catching the perfect light or expression from our subjects. We’d buy new lenses and filters, new flashes, tripods and tip books to hone our skills; and, of course, we’d buy more and more Kodachrome!



"They give us those nice bright colors. They give us the greens of summers. Makes you think all the world's a sunny day," he sang. "... So Mama don't take my Kodachrome away." - Paul Simon






We’d tap our feet or strum the steering wheel when Paul Simon would sing and remind us that taking pictures was fun and that all the world really was a sunny day! Holidays and family visits nearly always meant old photo books would be dragged out and we’d hear things like: “That’s what your grandmother looked like when she was young – wasn’t she pretty?” and “I remember that old dog; he was the best pet I ever had!” or “Look how chubby he was!” The books generated laughter and we appreciated and guarded our prized possessions. Of course, our big smiles were too good for books, so we’d have those Kodachromes blown up 8” X 10” sized, then find great frames and hang them on the wall to readily enjoy.

And, I guess that is what has made photography so special, so intriguing - that no matter how fleeting our lives and possessions ultimately are, those snapshots served to capture, permanently framing and immortalizing those cherished "moments in time" for us to continuously enjoy as if they'd last eternally.

They say a rolling stone gathers no moss and Eastman Kodak should be applauded for keeping pace with the new technologies – now smaller and less expensive. Some would say the new photography tools are even much better. But, I’m not so certain. (hint of sarcasm) Yes, the technology is nice, but I wonder if these credit card-sized cameras taking random, haphazard digital images and instantly transferring them around the world hasn’t helped photography dilute or lose some of its endearing, eccentric qualities – like knowing exactly which f-stop to use on a cloudy day? Or precisely what shutter speed is most effective in bird-watching? Pssst-they can’t be that smart! Can they? Heck, who am I kidding? I’m nearly old as Kodachrome myself!

Thanks to “Kodachrome” photography became fabric in our lives, eventually spawning a brand new era of taking pictures, a new genre of expressed essence captured now in two memories – the new digital and still in old, loving hearts!




Ironically, estimates of the retail supply of Kodachrome will run out in the fall of this year - at a time when so many photographed so much color! (Fall image credit: Wunderground's Amygloria3) Much of Wunderground's joy isn't about weather at all, or blogs - it's the pictures! So many are so talented. Such treasures, worthy of framing! I could spend hours looking through them and I am particularly happy when Uncle Mush and a few others post collections of their favorites - seems many would be my favs, too!

Sorry, Paul Simon, Kodak's taking Kodachrome away

And, in a little tribute to Kodak and Kodachrome, if you've got a favorite pic of your own or of another's at WU, please post 'em. I think we'd all enjoy them. Thanks.


Don't forget to check out Tropical Lagniappe for some great links to other blogs and websites from fellow WU members! There's some great info here and I always learn something each time I visit them!

BLOG RULES: Simple - Keep it absolutely civil, especially towards fellow bloggers. And, don't get heavy on the partisanship - it's quite obvious that corrupt, petty, inept, greedy, power-lustful politicians are plentiful on both sides of the aisle. It's ok to take jabs at them - either party, any official or candidate; but, leave the total "blame game" out of this - it's ALL of them, everyone! If you think otherwise, then you probably don't want to bring it in here!

...see ya 'round the blogosphere! Have a good one!


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AC secret to life?

By: moonlightcowboy, 11:19 PM GMT on June 19, 2009

DAYUM! It's awfully HOT!

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Sunshine Pictures, Images and Photos





Happy FATHER's Day, all you proud and participating dads!

Massive insider selling

By: moonlightcowboy, 5:34 AM GMT on June 17, 2009



Since the start of May, there have been $98.5 billion of secondary stock offerings (most notably by banks), 4.6 times more than the level of new cash takeovers and buybacks, Biderman reports. At the same time, there's been "massive selling" by insiders, to the tune of $3.9 billion vs. just $350 million of insider buying.

[On a separate but related note, Singular Research reports the firms with greatest volume of insider selling, in absolute dollar terms, are: Yum Brands, Bed Bath and Beyond, Amazon.com, Danaher and Gilead Sciences.]

Based on TrimTabs' analysis of data since 1987, Biderman says every time the supply of stock rises at these levels, the market falls sharply.
LINK

Inflation and higher interest rates explained in this article from the Wall Street Journal.



Ok, let's revisit this paragraph from the last blog, if you will.


Interest rates on government bonds are rising due to oversupply and monetization. Debt as a percentage of GDP will be 80% in the US, in England 100% and in Japan 200% in the next few years. Revenues are not meeting expectations. Shortages are running 35% to 50%. As long as this persists excess money and credit will never be withdrawn from the system. If additions continue along with monetization, inflation will rage until the system collapses. As an example the US will have a 50% revenue shortfall for fiscal 9/30/09 of $2 to $2.5 trillion. The prices of oil, gold, silver and commodities are currently reflecting inflation irrespective of government manipulation as rotation takes place from stocks and bonds into those areas. Government producing bogus CPI and other statistics is not fooling anyone. Wall Street won’t talk about it but they know what is going on. Even with a 3.85% ten year T-note the yield is a loser because real inflation is higher than that and will continue to be so. We see it hovering around 9% irrespective of official figures. There is severe upward pressure on interest rates because the US and other governments have such an enormous demand for funds. They are crowding out business and individuals from borrowing, plus they are trying to keep solvent balance sheets, which is an impossible order. If government bonds are not risk free paper than investors will go elsewhere to preserve capital. The stock market has already rallied some 35% to 50% and bonds and the dollar are falling. That leaves commodities and gold and silver for safety. Gold is the best hideout so to speak and that is why our government suppresses it so diligently, secretly.

Despite the lack-luster interest in long-term bonds, the FED is evidently even having trouble with the 10 year notes because of yield vs inflation. The oversupply and monetization fuels more inflation. And, that all means that we're pointed towards hyperinflation from my novice interpretion of what I'm reading.

Another thing, as debt becomes a larger part of GDP, i.e.

US = 80%
England = 100%
Japan = 200%

Where will additional revenues come from to offset the growing debt? Especially considering economic contraction? Selling bonds and monetizing the debt produces higher inflation and perpetuates additional borrowing and spending. So, we're caught in a trap - and the only way out is to stop spending and begin growing our wealth at home again. Another thing I lend thought to is the word "exponential!" I don't believe officials, certainly not the citizenry, fully understands the scope of the word. We hear estimates that there will be no trust money for SS or MC by 2017. The reality is that it's not there even now and that will grow far war as our debt continutes to spiral and revenues continue to shrink. That timeline, that turning point will reach us far faster than 2017.

Alright, let's too, look at the markets. In the past several months of following the market movements I've noticed that generally the Nikkei and DOW have moved somewhat sychronously. If either moved up or down, the other generally followed accordingly; but, in the past few weeks that has changed. While the DOW's trend(8,755.27) continues to remain somewhat flat or sideways, the Nikkei(10,135.82) has actually moved higher - a thousand or so points higher. It makes me wonder if, even with Japan's debt running larger than 100% of GDP, if the yen is gaining (or is being hedged) against the future prospects of a further falling dollar and capital is running back into the markets in Japan as a result. Certainly, that helps the Nikkei, but does it mean or somewhat verify the thinking from the above paragraph? Or are we seeing Nikkei increases that the markets are trying to show some sort of stability and investors are moving away from the risky, debt ridden, inflation-periled bond markets?

1.00 USD = 107.475 JPY Japan Yen
As of 09/20/08.

1.00 USD = 98.2405 JPY Japan Yen
As of 06/12/09.

Of course, it may be simply money may be flooding into Japan's car stocks following our auto collapse, figuring that Honda and Nissan will garner a larger peice of the US domestic market.

If that's the case, from my novice chair, inflation may be running towards us exponentially and somewhat invisibly right now, but well on its way. Thoughts welcome - thanks.

expect to pay more taxes

You don't have to take my word for it that your taxes are about to go up tremendously under "The Messiah" - the Congressional Budget Office explains it quite clearly. Families well below the president's 'no-tax' threshold will get a six-figure bill. A MUST READ - Obama's $163,000 Tax Bomb

Don't forget to check out Tropical Lagniappe for some great links to other blogs and websites from fellow WU members! There's some great info here and I always learn something each time I visit them!

BLOG RULES: Simple - Keep it absolutely civil, especially towards fellow bloggers. And, don't get heavy on the partisanship - it's quite obvious that corrupt, petty, inept, greedy, power-lustful politicians are plentiful on both sides of the aisle. It's ok to take jabs at them - either party, any official or candidate; but, leave the total "blame game" out of this - it's ALL of them, everyone! If you think otherwise, then you probably don't want to bring it in here!

...see ya 'round the blogosphere! Have a good one!


visitor stats
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Nikkei signaling hyperinflation?

By: moonlightcowboy, 5:02 PM GMT on June 12, 2009



Ok, let's revisit this paragraph from the last blog, if you will.


Interest rates on government bonds are rising due to oversupply and monetization. Debt as a percentage of GDP will be 80% in the US, in England 100% and in Japan 200% in the next few years. Revenues are not meeting expectations. Shortages are running 35% to 50%. As long as this persists excess money and credit will never be withdrawn from the system. If additions continue along with monetization, inflation will rage until the system collapses. As an example the US will have a 50% revenue shortfall for fiscal 9/30/09 of $2 to $2.5 trillion. The prices of oil, gold, silver and commodities are currently reflecting inflation irrespective of government manipulation as rotation takes place from stocks and bonds into those areas. Government producing bogus CPI and other statistics is not fooling anyone. Wall Street won’t talk about it but they know what is going on. Even with a 3.85% ten year T-note the yield is a loser because real inflation is higher than that and will continue to be so. We see it hovering around 9% irrespective of official figures. There is severe upward pressure on interest rates because the US and other governments have such an enormous demand for funds. They are crowding out business and individuals from borrowing, plus they are trying to keep solvent balance sheets, which is an impossible order. If government bonds are not risk free paper than investors will go elsewhere to preserve capital. The stock market has already rallied some 35% to 50% and bonds and the dollar are falling. That leaves commodities and gold and silver for safety. Gold is the best hideout so to speak and that is why our government suppresses it so diligently, secretly.

Despite the lack-luster interest in long-term bonds, the FED is evidently even having trouble with the 10 year notes because of yield vs inflation. The oversupply and monetization fuels more inflation. And, that all means that we're pointed towards hyperinflation from my novice interpretion of what I'm reading.

Another thing, as debt becomes a larger part of GDP, i.e.

US = 80%
England = 100%
Japan = 200%

Where will additional revenues come from to offset the growing debt? Especially considering economic contraction? Selling bonds and monetizing the debt produces higher inflation and perpetuates additional borrowing and spending. So, we're caught in a trap - and the only way out is to stop spending and begin growing our wealth at home again. Another thing I lend thought to is the word "exponential!" I don't believe officials, certainly not the citizenry, fully understands the scope of the word. We hear estimates that there will be no trust money for SS or MC by 2017. The reality is that it's not there even now and that will grow far war as our debt continutes to spiral and revenues continue to shrink. That timeline, that turning point will reach us far faster than 2017.

Alright, let's too, look at the markets. In the past several months of following the market movements I've noticed that generally the Nikkei and DOW have moved somewhat sychronously. If either moved up or down, the other generally followed accordingly; but, in the past few weeks that has changed. While the DOW's trend(8,755.27) continues to remain somewhat flat or sideways, the Nikkei(10,135.82) has actually moved higher - a thousand or so points higher. It makes me wonder if, even with Japan's debt running larger than 100% of GDP, if the yen is gaining (or is being hedged) against the future prospects of a further falling dollar and capital is running back into the markets in Japan as a result. Certainly, that helps the Nikkei, but does it mean or somewhat verify the thinking from the above paragraph? Or are we seeing Nikkei increases that the markets are trying to show some sort of stability and investors are moving away from the risky, debt ridden, inflation-periled bond markets?

1.00 USD = 107.475 JPY Japan Yen
As of 09/20/08.

1.00 USD = 98.2405 JPY Japan Yen
As of 06/12/09.

Of course, it may be simply money may be flooding into Japan's car stocks following our auto collapse, figuring that Honda and Nissan will garner a larger peice of the US domestic market.

If that's the case, from my novice chair, inflation may be running towards us exponentially and somewhat invisibly right now, but well on its way. Thoughts welcome - thanks.

expect to pay more taxes

You don't have to take my word for it that your taxes are about to go up tremendously under "The Messiah" - the Congressional Budget Office explains it quite clearly. Families well below the president's 'no-tax' threshold will get a six-figure bill. A MUST READ - Obama's $163,000 Tax Bomb

Don't forget to check out Tropical Lagniappe for some great links to other blogs and websites from fellow WU members! There's some great info here and I always learn something each time I visit them!

BLOG RULES: Simple - Keep it absolutely civil, especially towards fellow bloggers. And, don't get heavy on the partisanship - it's quite obvious that corrupt, petty, inept, greedy, power-lustful politicians are plentiful on both sides of the aisle. It's ok to take jabs at them - either party, any official or candidate; but, leave the total "blame game" out of this - it's ALL of them, everyone! If you think otherwise, then you probably don't want to bring it in here!

...see ya 'round the blogosphere! Have a good one!


visitor stats
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Bernanke's bomb in the box

By: moonlightcowboy, 12:26 PM GMT on June 11, 2009

A bit long, but a good read. I've edited for length and it's still long. But, it's a hullvua good read! There were just too many elements to put here. Great elements that apply to many segments of the eoncomy from interest rates and housing to the financially-troubled Fiat, from New York office rental space to foreclosures and delinquency rates, from credits cards to the Rico Act - it's a good, but thorough read. LINK



The biggest price swings in Treasury bonds this year are undermining Federal Reserve Chairman Ben S. Bernanke’s efforts to cap consumer borrowing rates and pull the economy out of the worst recession in five decades.

The yield on the benchmark 10-year Treasury note rose to 3.90 percent last week as volatility in government bonds hit a six-month high, according to Merrill Lynch & Co.’s MOVE Index of options prices. Thirty-year fixed-rate mortgages jumped to 5.45 percent from as low as 4.85 percent in April, according to Bankrate.com in North Palm Beach, Florida. Costs for homebuyers are now higher than in December. Government bond yields, consumer rates and price swings are increasing as the Fed fails to say if it will extend the $1.75 trillion policy of buying Treasuries and mortgage bonds through so-called quantitative easing, traders say. The daily range of the 10-year Treasury yield has averaged 12 basis points since March 18, when the plan was announced, up from 8.6 basis points since 2002, according to data compiled by Bloomberg.

The privately owned Federal Reserve has subjected us to a 22-month period of massive excess liquidity. The present increase in liquidity, formerly known as M3, which is no longer published because it’s not cost efficient, or there isn’t sufficient interest in the figures, says the Fed, is growing at about 18%. The major purpose for the US Treasury and the Fed to commit to an increase in spending of $14.8 trillion is to bail out banking, Wall Street and the insurance industry, all of which turned prudent investment into a casino. The method chosen to deal with a financial crisis caused by unsustainable debt created by excess liquidity is to create more money and credit and channel it to the financial sector to reflate their balance sheets, which are debt infested with toxic CDO and ABS debt. The rich on Wall Street, banking and insurance are deleveraging with the taxpayer taking all the risk, as the public gets very little in return. We are surrounded by financial zombies, which we keep alive after they almost destroyed our financial system.

Major inflation is the result as wages barely rise and the loss of purchasing power is borne mostly by the poor and the lower middle class. Ever since free trade, globalization, offshoring and outsourcing began about 1980 wages have not kept up with inflation. Production gravitated to the low wage third world exacerbated by massive condoned illegal immigration. This was accompanied by cronic overcapacity that made conspicuous consumption relatively inexpensive. That was joined by much easier credit. Twenty-three months ago we saw an implosion as a result of these policies, which is still with us. Without this continuation of debt the system cannot continue to function and the downward spiral feeds on itself. Everyone is looking for a bottom soon. That isn’t going to happen, stimulus or no stimulus. Handing money to citizens isn’t the answer. In this case 90% has gone to reduce debt.

The first step to recovery is to drastically cut government spending and to lower corporate and individual taxes. Get rid of the Federal Reserve, which is directly responsible for this mess and erect tariffs on goods and services. If we can accomplish that the recovery will begin, but it won’t be easy. It will take years to accomplish.

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The Chairman of the Fed, Ben Bernanke, would have us believe along with other, so-called experts, that monetary easing will come in time to head off hyperinflation. Unfortunately that cannot happen. The minute money and credit is withdrawn from the system it will collapse. The underlying deflationary drag is too great and that drag will take years to diminish. How can our Fed Chairman and our Treasury Secretary think for a moment that they’ll just be able to turn the tap off when their current orgy of spending ends? Politicians unfortunately see this, as only they would, as an opportunity to purchase votes by making sure the spending continues. It will be interesting to watch over the next several years, as many nations scramble in the bond markets to raise money to keep their economies going. There is no telling at this point how high interest rates are going to go.

Our President tells us of trillion dollar plus deficits are far as the eye can see. Those deficits assume 3% growth rates in GDP, which is not going to happen and the end of the Bush tax cuts. Deficits will be much larger than the Congressional Budget Office estimates, if due to nothing more than exploding entitlement expenditures. This plan involves the perpetual rolling of $5 trillion in Treasury paper much of which is held by foreigners plus the new debt incurred, plus the interest on the existing debt. Do you really believe foreigners are going to fund such deficits indefinitely? We don’t think so with a falling dollar. The dollar is falling again and interest rates are rising and they both are going to continue to do so, as gold and silver go higher. The minute the Fed began creating money out of thin air to fund Treasury sales, plus buy Treasuries out of the market, plus buy Agency securities and toxic junk to the tune of $2.2 trillion for openers, you had to know the game was over. It’s all-downhill from here. This week 30-year fixed rate mortgages could hit 5-3/4%. Mr. Obama speaks of the importance of living within our means and not spending money we do not have on things we do not need. Obviously the president hasn’t been told we are in a depression. The less the public spends the deeper the depression gets. That said Mr. Obama engages in profligate federal spending to deaden the pain and essentially to prolong the financial and economic agony. Then comes the creative destruction with government deciding who should survive and who should fail by edict. Some call it crony capitalism and favoritism, we call it taking care of fellow Illuminists.

The way Wall Street tells us we need hands on help from Wall Street and banks, which led to this disaster. The president wants economic advisers who are theoreticians. All paper has to be marked to a real market price to clean out the bad assets. Government should not be giving free loans to hedge-funds and private-equity firms, so they will buy assets they would not normally buy. Due to electronic trading, which has led to major trading off established exchanges, and into the dark pools we do not know who is doing what. A net flow of information so that the investors and transparency is nearly gone. Bank holding companies, which own the Fed, can see in advance what their clients are interested in buying and front run those orders in their own accounts. If they make major mistakes they just get bailout out by the Fed. There is no transparency. We only find out what went on when somebody slips or in some way something gets exposed. Transparency, oversight and accountability do not exist. Most everything important is done in secret. A good example was six months ago when Bloomberg News attempted to force the Fed to reveal the details on more than $2 trillion in loans that went to banks, including Citigroup and Goldman Sachs. The Fed told the court to take a hike and said it was a state secret. We have no word as well who made the short-dated, out-of-the money bets in March of 2008 that Bear Stearns would fail. Those bids paid off in the millions, or why Lehman was allowed to fail and AIG was saved, etc.

Not one banking or Wall Street executive owned up to what really happened to cause the crisis. They are totally lacking in honesty, integrity and decency. As it now stands we’ll never know the true inside story of what really went on. We have seen no civil or criminal charges against any of these crooks. Not even investigations. Whatever happened to RICO? Over the past 25 years our financial industry has descended into darkness and corruption and the people who caused it are getting away scott free. Our Treasury Secretary Geithner’s ill-fated trip to China and our president’s recent journey to Germany was humiliating. Crowds as well as the German government were demanding the return of their gold. The US has been giving platitudes to the Germans when the Germans know their gold has been sold or leased. Leasing is tantamount to selling. This story has not been broken in the mainstream media, but in time it will be and when it is propaganda will not deflect the ultimate outcome.

Obama the Liar Pictures, Images and Photos

The president and Larry Summers think they can restore confidence and trust in the economy with lies and propaganda, but they are deluding themselves. The stock, bond and capital markets are dependent on confidence, but they are more dependent upon the deplorable state of the foundation on which our economy rests. In 22 months the Fed and the Treasury have accomplished very little except bailing out their fellow elitists in the financial industry with taxpayer debt. The mantra that the worst is over is simply more lies similar to those we’ve heard over and over again. Thus far the smoke and mirrors and the “Working Group on Financial Markets have managed to create a 35% to 50% bear market correction in the averages. Our president, a professional con man and street hustler promises he will always tell you the truth about the challenges we face. Trust him and you will find yourself somewhere out in left field.

Thus far all we have seen is a papering over of the financial system. Our Treasury and Fed offer the Term Asset-Backed Securities Loan Facility, the Public Private Investment Program, the phony stress test and TARP. The commitment to domestic and foreign financial entities is already at $14.8 trillion. There is no discussion of building a new better system that rewards prudent risks, allocates capital where it is really needed, not in the hands of banking and Wall street. It would as well be a great idea if the SEC and the CFTC started protecting the investors and stop collaborating with Wall Street and Washington to manipulate markets. When will the rescues of the financial sector end – when it has bankrupted us all? They are the ones who caused all this. We now have Government Motors at the former General Motors and Chrysler that has been given away to Illuminist Fiat. Is every company, bank and brokerage house in America to be bailed out indefinitely?

Interest rates on government bonds are rising due to oversupply and monetization. Debt as a percentage of GDP will be 80% in the US, in England 100% and in Japan 200% in the next few years. Revenues are not meeting expectations. Shortages are running 35% to 50%. As long as this persists excess money and credit will never be withdrawn from the system. If additions continue along with monetization inflation will rage until the system collapses. As an example the US will have a 50% revenue shortfall for fiscal 9/30/09 of $2 to $2.5 trillion. The prices of oil, gold, silver and commodities are currently reflecting inflation irrespective of government manipulation as rotation takes place from stocks and bonds into those areas. Government producing bogus CPI and other statistics is not fooling anyone. Wall Street won’t talk about it but they know what is going on. Even with a 3.85% ten year T-note the yield is a loser because real inflation is higher than that and will continue to be so. We see it hovering around 9% irrespective of official figures. There is severe upward pressure on interest rates because the US and other governments have such an enormous demand for funds. They are crowding out business and individuals from borrowing, plus they are trying to keep solvent balance sheets, which is an impossible order. If government bonds are not risk free paper than investors will go elsewhere to preserve capital. The stock market has already rallied some 35% to 50% and bonds and the dollar are falling. That leaves commodities and gold and silver for safety. Gold is the best hideout so to speak and that is why our government suppresses it so diligently, secretly.

Foreigners are finally starting to get the message after eight years of a falling dollar. You do not buy more of a bad asset just to protect your past investment in dollar denominated assets. Bonds are now in a beginning state of collapse and you could easily see the 10-year Treasury at an 8% yield in two years just like it was in 1992 when we called that market to a top and at a top. The only way the bond market can stabilize is via confidence. Savings are increasing but confidence has yet to return. As an antithesis our president wants citizens to spend. You cannot have it both ways. It should be remembered that as yields rise disintermediation takes place. That is money moving from one place to another. Money moves into bonds as yields rise and most of these funds will come from the stock market. As yields rise so does economic efficiency. Any stocks in any financial entity will suffer under such circumstances due to the increasing cost of money causing a drop in profits, never mind the toxic assets on their books.



Make no mistake a change in central bank investment policy and the demise of the Fed will produce a gold price upwards of $6,000 an ounce. This move will be aided and abetted by higher commodity prices, which will add to the inflation caused by monetization. The justification for zero interest rates and an increase in money and credit of 18% in deflation is underlying our financial system and that in part is true. That is why policymakers want to borrow 10% of GDP not caring about the consequences just to keep the system from collapsing. Thus we have two inflation sources, commodity inflation and money and credit and monetization expansion. There is a 100% chance of hyperinflation over the next two years and a 100% chance of higher gold and silver prices. Use any dips to purchase more gold and silver coins and shares.

Policy-makers at the U.S. Federal Reserve stepped up their anti-inflation rhetoric this week after a bond market sell-off delivered a sharp reminder that they ignore investors at their peril. "This is a day of reckoning that the Fed would have hoped (would come) a year or two from now," said Gregory Hess, an economics professor at Claremont McKenna College" They have done big things and now they face the consequences." (O)ur view that the collapsing bond and dollar (has) checked the Fed: “…if the Fed doesn’t step in and buy more government bonds, investors are going to conclude that there is not enough demand to absorb all of the new supply coming on stream. Yet, if the Fed were indeed open to the idea of expanding its bloated balance sheet further, then the ‘monetization of debt’ would cause the inflation- phobes to panic and sell their long-duration paper.”

If President Obama and Democrats push through the proposed multi-trillion dollar healthcare bill, the inflationary recession will turn into something much, much worse. Employers would be required to offer health care to employees or pay a penalty - and all Americans would be guaranteed health insurance - under a draft bill circulated Friday by Sen. Edward M. Kennedy's health committee. The bill would provide subsidies to help poor people pay for care, guarantee patients the right to select any doctor they want and require everyone to purchase insurance, with exceptions for those who can't afford to.

The Fed monetized another $7.5B of govies (4s thru 7s) on Monday. But Ben told Congress that ‘the Fed won’t monetize the debt’. So this must be something other than monetizing the debt. Banks will be able to increase charges for loans more easily after tightening so-called market-disruption clauses in funding documents, according to HSBC Holdings Plc. From a default rate of 2% a year ago, Moody’s now expects the US default rate on speculative grade bonds to hit 14.5% this year. Between 2011 and 2015, $972 billion of index-eligible institutions loans and high-yield bond debt must be refinanced. This does not include privately negotiated revolving credit lines. Seventeen percent of these loans could easily default. Structures that repackaged risky debt for institutional investors no longer exists. The ability of distressed banks under government scrutiny to make risky loans no longer exists. Where these borrowers will borrow almost $1 trillion and at what price is questionable.

The Fed has been creating money out of thin air and monetizing a good part of it. This new money has gone to the Treasury and the financial sector. It is not being lent. It is being used to bolster balance sheets. It is not reaching consumers in the form of increasing employment, raising wages to restore fallen demand or to enhance economic recovery. Buying power is falling fast as underlying inflation persists reducing demand, which you are now seeing in falling retail sales. These funds from the Fed at the same time support an overpriced stock market. Lenders are opportuning the markets with public loans as they lay off workers to cut operational costs. That perhaps brings financial profit inflation and tends to cost price deflation. The result is financial profit inflation on a temporary bases, which misleads people into thinking there is a recovery underway when no such economic recovery is at hand. This leads to stock market corrections of the bubble variety in the context of a bear market rally. All this is the result of intervention by the Treasury and the privately owned Federal Reserve, the result of which is inflation, which destroys wealth, except for those who own gold and silver related assets. This production of current money and credit degrades wealth and money as a store of value. Most of the loss of purchasing power is borne by the poor and the lower middle class.

The basic problem for the world economy for the past 30 years has been free trade, globalization, offshoring and outsourcing. Wages have been driven down worldwide in order to feed mercantilist profits into the hands of transnational elitist conglomerates. Boom or bust wages spiral lower. This has created massive overcapacity masked by unsustainable demand. Now even low wageworkers are unable to buy or pay off their credit cards. Government stimulus is not the answer, purging the system is the answer.

expect to pay more taxes

You don't have to take my word for it that your taxes are about to go up tremendously under "The Messiah" - the Congressional Budget Office explains it quite clearly. Families well below the president's 'no-tax' threshold will get a six-figure bill. A MUST READ - Obama's $163,000 Tax Bomb

Don't forget to check out Tropical Lagniappe for some great links to other blogs and websites from fellow WU members! There's some great info here and I always learn something each time I visit them!

BLOG RULES: Simple - Keep it absolutely civil, especially towards fellow bloggers. And, don't get heavy on the partisanship - it's quite obvious that corrupt, petty, inept, greedy, power-lustful politicians are plentiful on both sides of the aisle. It's ok to take jabs at them - either party, any official or candidate; but, leave the total "blame game" out of this - it's ALL of them, everyone! If you think otherwise, then you probably don't want to bring it in here!

...see ya 'round the blogosphere! Have a good one!


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USM to Omaha! Awesome!

By: moonlightcowboy, 2:59 AM GMT on June 08, 2009

Wow! Some really terrific college baseball in the last few days with the Super Regionals! I hate Ole Miss lost and though we helped them, you still can't take anything away from Virginia - a good series.

BUT WOW! The real story is USM - the headlines should be all over the country is about USM! A two-game sweep of the #8 seed, Florida, on their home turf! USM has never been to a Super Regional, much less the College World Series! Terrific come back today being down 6 to 1 after three to win it and finish spectacularly with an awesome double play!

They'll play the winner of Texas and TCU (series 1-1) after their final on Monday! Texas, the #1 seed.

Congrats, GOLDEN EAGLES! :)



A W E S O M E baseball!

DEAD CAT BOUNCE!

By: moonlightcowboy, 2:52 AM GMT on June 03, 2009

Sorry, no commentary yet on this one, but I felt like the author said it fairly fluently. Maybe more later. I talked with an older, successful fella yesterday - one that I've always had some respect for and appreciated, one that is forward thinking and open-minded. He's quite a successful person! He told me that he was certain that we are likely in for some very hard times ahead! Go figure! Don't have to take my word for it!




...finally, someone telling it like it is!

7 Arguments Against a Quick Recovery

CNN’s survey of 45 “leading economists” last week indicated that 90% of them believe that the recession will end this year and none of them believe that it will persist beyond early next year. This is indeed good news for the market. All the leading economic indicators show that a recovery is imminent with the exception of unemployment, which apparently is of no account since it is a trailing indicator.

What puzzles me however is that in all my reading, and conversations with upbeat financial analysts, I have not been able to find a cogent rationale explaining the mechanism that would enable this recovery to take place. Actually, beyond the belief in the voodoo of economic cycles and faith in the prognostication of leading indicators I haven’t even seen a vague rationale. So maybe there are some readers that can help me with this because I would really like to hear a realistic argument for imminent economic recovery. But first I will present some rationales for why I can’t see any kind of significant recovery taking place for the next decade or so and possibly much longer if the reality of the situation continues to be ignored.

1. It’s the debt stupid. The cause of the so-called financial crisis has not been addressed in any meaningful way shape or form. Excessive consumer, and government debt on the municipal, state and federal level, are what caused the financial crisis and attempting to treat the symptoms while completely ignoring the disease cannot solve the problem. The Fed and the Treasury are doing everything they can to get the banks lending again (but at the same time the banks are being admonished to deleverage and avoid the credit risks of the past). But lend to whom exactly? To American consumers at least in part I would assume so that they can continue the spending spree that has driven growth not only for the US, but also to a large part, the world economy. But isn’t excessive consumer debt what precipitated this crisis in the first place? It wasn’t just a real estate bubble that set this thing off; it was much more of a credit bubble; it was all the leverage on top of leverage on top of leverage. It was consumers using their home equity as a kind of ATM to buy more goods and services, which was good for the economy for the short run but when one uses debt to create more debt it has to end somewhere. The term real estate bubble may be misleading because price is only relative to what is affordable. Real estate prices in Canada have, on average been higher than the US for a number of years and so far have not come down anywhere close to the extent that US prices have. The difference is that very few Canadians bought homes with no money down and the banks made few sub-prime or teaser rate loans. And liar loans, so common in the US would have been very difficult to obtain in Canada as income on mortgage applications was actually verified. Canadians also on average saved money, unlike Americans whose savings rate went negative some years ago. In addition credit at any level was never, in general, as wildly easy to obtain in Canada as it was in the US. So then explain to me how going back to the easy credit that caused this problem is going to solve it.

2. Americans hate to pay taxes. The US has by far the lowest per capita tax rate in the first world. The economic theory has long been that the more you lower taxes the more you simulate the economy. The US Treasury is now attempting to stimulate the economy by taking on an additional debt burden of approximately five trillion dollars over the next two years. This is a staggering sum that must be financed through the sale of US Treasury bonds, a big chunk of which must be vended to foreign buyers. So far foreigners have been willing buyers because countries like China and Japan need to keep exporting to the US and have been willing to keep lending to enable the US keep buying from them. But this process is sucking up a considerable amount of the world’s capital and if that capital starts to flow away from Treasury bonds to anywhere else interest rates on US bonds will have to go up to whatever level that will continue to attract buyers. Every stock market rally now causes Treasury bond interest rates to rise and this in turn causes mortgage rates and consumer rates to rise in a cycle that will be self-defeating for an economic recovery. It made some sense for the Bush administration to try to avoid having a severe economic downturn on its watch and to delay the inevitable through economic stimulus tactics; but what is the Obama administration trying to buy time for? Divine intervention? Stimulus is somehow an ironically appropriate term for what the government is doing but shouldn’t some measures be taken to bring the economy to real health instead of pumping it full of amphetamines just to jump start it once again for a short time horizon? Isn’t there a danger of killing the patient with these remedies? Tax cuts are merely a method of getting consumers to once again to live beyond their means. Can even the US government afford to swallow this kind of debt or have we now moved completely beyond the realm of Keynesian economic theory and entered that of Peter Pan?

3. China can’t save the world economy. China, unlike the US, has substantial cash reserves, and recent spending on infrastructure by that country’s government has caused a worldwide boom in commodity prices and helped stock markets, especially resource based ones like Canada’s. But China, like Japan, over the long term, must export, not only to thrive but merely to survive, because neither has the natural resources to support their populations. I always found it laughable when American economists, and the politicians who bullied the Japanese government into dropping their rice subsidies, were telling that country to develop an internal market and quit relying on exports. This was coming from people living in a country with vast agricultural lands, oil, natural gas and coal fields and huge mineral resources, addressed to 120 million plus people inhabiting a group of resource poor, rocky islands. China does have more space to grow crops than Japan and has substantial coalfields but its resources are stretched to the limit and it needs to import a great deal of oil, minerals, and fertilizers. China's agricultural production has actually fallen steadily over the last decade due to the nutrient depletion of soils and the gradual draining of the deep aquifers under the North China plain. China also faces and enormous deficit problem, no less serious than that of the US although it has not shown up on the monetary ledger yet. I am referring to their looming environmental crisis. Already millions of Chinese are dying every year from the effects of industrial pollution. This environmental debt, which must also be paid, is the elephant that the Chinese government can not come to grips any more than the US government seems able come to grips with its financial debt.

4. The US banking system is corrupt. Enough has been written on Seeking Alpha’s pages about how the major banks were blatantly allowed to cook their books for the first quarter and how billions of dollars of tax payer funds (or borrowing through Treasury bonds) was funneled under the radar to banks through the government financing of AIG’s CDSs, so I won’t rehash the details of all that here. That this fraud has been so blatantly ignored by the markets is astounding to me though. Simon Johnson, the former chief economist for the IMF, wrote in last month’s Atlantic that the US economy is in a death spiral, the kind that he has seen many times before among his emerging market clients. He believes that there is no hope for the US economy unless the government takes immediate steps to rid the country of the corrupt oligarchy that controls its financial institutions and hugely influences government policy.

5. The real estate problems aren’t over. This month the wave of resets for ARMS and ALT-As begins to gather new momentum and will carry on through 2012. Many of these kinds of mortgages were bought by speculators and absentee landlords a few years ago who are now deeply upside down in their equity and will have little incentive to renew even if they qualify. Economists are seemingly ignoring this situation as they ignored the sub prime situation two years ago. And remember every stock market rally causes bond and therefore mortgage rates to go up. As I am writing this Dow has ticked up over two hundred points today and ten-year Treasury bond prices have dropped over two dollars (also in one session) with yields rising accordingly. What would a 10,000 plus point Dow cost in interest rates and how could those needing mortgage renewals afford it?

6. Unemployment. Although this is considered a trailing indicator it cannot be ignored. The enormous scaling back of GM and Chrysler’s production will have huge repercussions. The big corporations whose share prices have held up during this down turn, like Wal-Mart (WMT) and IBM, are the ones who have been, directly or indirectly, responsible for exporting jobs overseas. The world still wants to sell to the US but seems more and more reluctant to buy from it. And US corporations seem less and less willing to set up at home. Even GM is still making a profit in China.

7. This is not a regular economic cycle. The last recession was caused by the collapse of the dot com bubble, which had little relation to the real economy; nevertheless both the S&P and the NASDAQ took a licking from which they never really recovered. This time it’s real estate and investment banks and the real, not just the virtual, economy that have been drubbed. And today GM, for god’s sake, declared bankruptcy. While it’s true that at the end of the second world war the US government had a large debt but it wasn’t as large as this one and it was owed largely to its own citizens through the sale of war bonds; so when it was paid back it was reinvested or spent by its citizens and this helped to cause the post war boom. This time much of the government debt is owed to foreigners so that is not going to happen.

If someone could show me how US economic growth can really be revived by next year without a mere middle of the W bounce I would be very pleased. Personally what I see right now for the US economy, at best, is about ten years of flat economic growth and consumer austerity coupled with higher taxes while the government and citizens pay down their debts and work on becoming truly more energy and financially self sufficient.

Either that or a prolonged series of dead cat bounces on the way to eventual economic oblivion.


expect to pay more taxes

China blocks websites ahead of Tiananmen anniversary

WASHINGTON (AFP) – China is blocking access to Microsoft's new search engine, Bing, and its Hotmail email service, the company said ahead of the 20th anniversary of the Tiananmen Square crackdown.

"Microsoft's Bing.com, Live.com and Hotmail.com are among several Internet services that have been blocked for customers in China," Microsoft director of public affairs Kevin Kutz said in a statement received by AFP. "We are reaching out to the government to understand this decision and find a way to move forward," Kutz said.

"Microsoft is committed to helping advance the free flow of information, and is committed to encouraging transparency, due process and rule of law when it comes to Internet governance," he added. Microsoft did not say when China began blocking the sites, but Reporters Without Borders (RSF) said it had been notified by Chinese Web users that access to the websites began being blocked inside China on Tuesday.



....hhhhhhhmmmm, so very typical! Over 3,000,000,000 servants to the government! Pathetic!



...with shopping bags!!!! No guns, no knives...just heart and conviction!



...just one voice!

You don't have to take my word for it that your taxes are about to go up tremendously under "The Messiah" - the Congressional Budget Office explains it quite clearly. Families well below the president's 'no-tax' threshold will get a six-figure bill. A MUST READ - Obama's $163,000 Tax Bomb





...sorry, not done enjoying this vid just yet!





Don't forget to check out Tropical Lagniappe for some great links to other blogs and websites from fellow WU members! There's some great info here and I always learn something each time I visit them!

BLOG RULES: Simple - Keep it absolutely civil, especially towards fellow bloggers. And, don't get heavy on the partisanship - it's quite obvious that corrupt, petty, inept, greedy, power-lustful politicians are plentiful on both sides of the aisle. It's ok to take jabs at them - either party, any official or candidate; but, leave the total "blame game" out of this - it's ALL of them, everyone! If you think otherwise, then you probably don't want to bring it in here!

...see ya 'round the blogosphere! Have a good one!


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SK warship arrives at NK border

By: moonlightcowboy, 3:14 AM GMT on June 01, 2009

China Suspends Exchanges With North Korea, Yonhap News Reports

June 1 (Bloomberg) -- China suspended exchanges with North Korea after Kim Jong Il’s regime tested its second nuclear weapon and test-fired short-range missiles, Yonhap News reported, citing diplomatic sources in Beijing it didn’t identify. China has halted plans to send officials on visits to North Korea and won’t accept visits from North Korean officials either, the Korean-language news agency said today.


...seems mama ain't listening. NOKO is gonna have to get itself out of this one. A good start would be safely releasing the two Americans.

Reports: NKorean missile arrives at launch site

SEOUL, South Korea — North Korea has moved its most advanced long-range missile to a new launch site and has banned ships from the waters off its west coast through the end of July, news reports said Monday, moves that threaten to exacerbate tensions on the peninsula. The missile, which has arrived at the Dongchang-ni launch site on the northwest coast, is believed to be a version of the Taepodong-2 rocket that the North fired on April 5 saying it was a satellite launch, the South Korean Dong-a Ilbo newspaper reported.

The North's Taepodong-2 rocket flew about 2,000 miles (3,200 kilometers) on April 5. The missile being readied for a new launch is believed to be an intercontinental ballistic missile or ICBM with a range of up to 4,000 miles (6,500 kilometers), the JoongAng Ilbo reported, citing an unnamed South Korean official. That would put Alaska within striking range.


Things should heat up in the next couple of days. I don't think we'll ever let it get off the ground.



NUCLEAR POKER ANYONE?


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With North Korea's recent nuclear detonation, one should wonder if the world is as far along as we would have so dreamily imagined only a day earlier with Atlantis returning from a successful space mission to Hubble! Why are we still playing high-stakes nuclear poker? Are we still the barbaric people of centuries ago? Despite civilized advancement there is still plenty of world hunger and poverty, so why can't money be spent to finally cure these ills instead of still racing to blow each other into smithereens? Where are the decent human morals, knowledge and wisdom that belong in a civilized world?

North Korea is a pathetic, hypnotized nation led by a dictator who steals from and indoctrinates his own into believing their only solution is to hurl scuds through the sky, demonstrating survival muscle in a world growing full of evil, western culture. I recently read Christopher Hitchen's book titled "Why Orwell Matters” and I am further convinced that George Orwell’s disdain for totalitarianism was underscored moreover by the social injustices governments intentionally inflict or use to covertly oppress. Orwell would still be cutting flips over today’s injustices, including America's increasing oppression of its own working class. It's sad that people must still live in such a world, serving an aristocracy with more demand and shrinking compassion.

Unfortunately, the US is ill-equipped to deal with the continued barbarianism. Firstly, we can’t afford it, having squandered our own wealth to corporate greed and lust for political power. And, secondly, if there were to be a conflict in Korea we'd have fewer resources than ever to intervene. So, what would we do? Ship everyone in Iraq and Afghanistan to the Asian peninsula? It won't happen. But, can we afford not to intervene? Jong is basically a threat to no one except himself, poisoning rice fields with radioactive fertilize that could have fed his own people. What he has done is show pseudo-capability, putting his technology and favor up for sale to the highest bidder among the oil barons and jihadists from the Middle East. Everything has a price and eventually a nuclear deal will be closed and danger more imminent.

I suppose we can play along, bluffing from the Oval Office and let these barbarians perpetuate more conflict; but, North Korea and these types aren’t bluffed by someone who plays poker from a teleprompter instead of his shirtsleeve. These idiots could care less about lip-service. They lie and continue to break treaty after treaty, side-step sanctions and resolutions. The only thing that's ever gotten their attention has been the brutal reality that the US could and would kick their lethargic butts into oblivion if they didn't comply with western, civilized barbarianism. We've lost our edge when an idiot like Kim Jong-il can ante his world position by detonating a nuclear weapon. We've left political correctness - the kind that believes successful diplomacy comes from a liberal think-tank using coy lip service, to resolve unrestrained nuclear proliferation.

Are we barbarians still? Yes! Poker players? No! Maybe we can turn Hubble around and point it towards North Korea to see the guests arriving for their nuclear receipts. Now, that'd be worth the money spent to fix Hubble, wouldn’t it? If there are smart aliens out there, it's no wonder they’re evasive and visit rarely! And, if they play poker they're probably betting we all lose, here, in this barbaric game. They would be right.





With nuclear proliferation becoming more widespread, especially in toxic countries with civil unrest and disparity towards other free nations, I wonder if the race towards Armageddon is not fully afoot.





Don't forget to check out Tropical Lagniappe for some great links to other blogs and websites from fellow WU members! There's some great info here and I always learn something each time I visit them!

BLOG RULES: Simple - Keep it absolutely civil, especially towards fellow bloggers. And, don't get heavy on the partisanship - it's quite obvious that corrupt, petty, inept, greedy, power-lustful politicians are plentiful on both sides of the aisle. It's ok to take jabs at them - either party, any official or candidate; but, leave the total "blame game" out of this - it's ALL of them, everyone! If you think otherwise, then you probably don't want to bring it in here!

...see ya 'round the blogosphere! Have a good one!


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The views of the author are his/her own and do not necessarily represent the position of The Weather Company or its parent, IBM.

moonlightcowboy's WunderBlog

About moonlightcowboy

"There is no heavier burden than a great potential." - Charles Schultz, in the Peanut's character of Linus.