Monday, January 25, 2010

"Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem



Econstories.tv is a place to learn about the economic way of thinking through the eyes of creative director John Papola and creative economist Russ Roberts.

In Fear the Boom and Bust, John Maynard Keynes and F. A. Hayek, two of the great economists of the 20th century, come back to life to attend an economics conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out for a night on the town and sing about why there's a "boom and bust" cycle in modern economies and good reason to fear it.

Saturday, January 16, 2010

Criminals For Gun Control

This Video really drives home the point of why you should be ever vigilant in defending your right to bear arms.



video

There is abundant evidence that our cities are safer with guns. One of the most remarkable examples of this simple maxim is Washington, D.C.

The only people affected by these so-called “gun control” measures are law-abiding citizens, who are rendered less able to resist crime.

Get it? Guns give victims the ability to fight back against violent criminals. And whereas strict gun control measures would not be likely to inhibit criminals (they do, after all, break the law for a living), it would strip law-abiding citizens of the ability to defend themselves against violent attacks. The undeniable implication: Less — not more — stringent gun control makes our society safer.


Obama Supporters: Chicago Police Dept Mugshots!

(Click to enlarge and see the Obama T-shirts!)

Friday, January 15, 2010

Obama's Party On



To the Victor goes the spoils the food that is Contaminated well the Obama's just give that to the HOMELESS."The White House has also donated produce from the garden to Miriam Kitchen, a soup kitchen for the homeless."

In case you are wondering who contaminated it that would be the Clinton's.

"The story becomes more interesting when you discover that the reason the lead levels are higher than normal on the White House lawn can be traced back to the presidency of William Clinton. During the time the Clinton family lived in the White House, sludge-based products were used to fertilize the lawn."

Like Michelle Malkin has pointed out "Everything is Staged"

For months, the Food Network ran ads about a forthcoming episode of "Iron Chef America," its flagship chefs plus secret ingredient versus time competition. The show would take place at the White House garden, with Michelle Obama making a cameo and plugging her responsible-eating initiative. The network promised it would be its biggest episode ever.

The buildup matched the reality: The Jan. 3 "Iron Chef America" drew 7.6 million viewers, the highest-rated show in network history. In it, superstar chef
Mario Batali teamed with Emeril Lagasse, and Bobby Flay with White House chef Cristeta Comerford to cook five dishes using the secret ingredient: produce from the White House garden.

Except for one thing: As first reported on
AOL's Politics Daily blog, the fruits and vegetables used on the show weren't from the White House. They were stunt produce. Ringers.

Honey was the only ingredient that actually came from 1600 Pennsylvania Ave. The White House garden produce, Krueger said, was donated to a local pantry

In other news the Obama's Party On ....

Let the good times roll” – and roll they have at the Obama White House, while nearly 11% of the workforce remains unemployed, nearly four million Americans are losing their homes, and terrorists ride the open skies.

In fact, according to the Chicago Tribune, the stylish Ms. Rogers and the party-hearty First Couple hosted no less than 170 parties and social events through December 3 of 2009. And that does not even include the 17 parties and 11 open houses – feting more than 50,000 guests – ABC News reported the Obamas hosted throughout the Holiday Season.

For those not counting, that means by January, 2010, Ms. Rogers had staged one gala White House event every three days throughout the first year of the Obama Administration, making the once austere Executive Mansion look more like party central."

It's good to be the King!




Thursday, January 14, 2010

Obama's Grand Scheme "Tax You to Punish Banks"



How many of you fell for Obama's attempt to silence the outrage coming from all sides of the political spectrum with his Financial Transaction Fee plan??

"The new tax will be levied against bank assets. The banks will pay a tax of 0.15% of their total assets minus their deposits, high-quality assets such as common stock and retained earnings.

Any financial institution that received TARP money or government guarantees of their debt and has $50 billion in total assets will be taxed.

The new tax exempts General Motors and Chrysler. The administration says this exemption is fair because those companies collapsed by the financial crisis it blames on banks. That’s a bunch of baloney. The real reason is we are already stuck paying for them. Hooray no Triple Dipping right now the
$68.5 billion already lost by the Taxpayers on this exemption and the Half Trillion lost on Fannie and Freddie will do for a
while.

This is wrong on so many levels, it's hard to know where to begin. Let's start with a point made by Jamie Dimon, CEO at JP Morgan Chase:

"Using tax policy to punish people is a bad idea...All businesses tend to pass their costs on to customers."

Exactly. But don't worry, the Administration thought of that. They have a plan: But by imposing the tax on only the largest firms, government officials said, they hope to protect consumers. Firms that raised prices would give smaller rivals a competitive advantage, creating an incentive for companies instead to swallow the cost, potentially by reducing employee pay.

Oh, now I see.

You can read the Article by John Stossel titled "I Will Tax You to Punish the Banks" in full here but I wanted to stop it right there to make a point. The point being this is a Joke and once again the Joke is on us because as you can see Obama's favorite banker just told you right out YOU will pay for it.

Who in their right mind would believe the Banksters will take it out of there bonus's? Remember Dirty Dodd's plan to limit the interest payments on Credit Cards and how that worked out? Fee's as high as 79%. He gave his contributors (the financial sector) plenty of time to implement the higher fee's before the law goes into effect helping them by further ensuring less competition for lower rates. Usury used to be illegal in America before the Democrats changed all that.

"Usury used to be illegal in the United States but it was "decriminalized" in 1980--the dawn of financial deregulation. A Democratic president and Congress repealed all interest-rate controls and the federal law prohibiting usury. Thirty years later, American society is permeated with usurious practices--credit cards charging 30 percent and higher, subprime mortgages and other forms of predatory lending, the notorious "payday" loans that charge desperate working people an effective interest rate of 500 percent or more. Businesses, especially smaller firms, are also prey to usury in less direct ways."

Thanks but no thanks I know Obama said his biggest accomplishment was the bank bailouts but he can Keep the Change for the Worse! As one of the banksters said when they were called for the Fat Cat Bankers meeting by Obama....

"It's a p.r. stunt," says an executive at one of the banks that will be getting a dressing-down at the White House meeting"

While it may be a "p.r. stunt to the banks" it will be real money to you.



BANKSTERS hit Main Street $11 Trillion taken in Heist!




Below are some highlights from an article by My Budget 360. NOTE the $11 TRILLION DECLINE IN MAIN STREET WEALTH vs. how the Banksters are doing! Budget 360 is the same source that identified the great divide between Wall Street and Main Street.

Top 1 Percent Control 42 Percent of Financial Wealth in the U.S.

In today's article from My Budget 360 the author suggests the Financial Inquiry Commission not focus on the outrageous bonus's or even WHO has paid off President Obama or our other Politicians but suggests the breaking up of Commercial and Investments Banking. Here are some of the most significant details from the article the author says INSTEAD of focusing on these details in his opinion they should just break them up. I disagree these Banksters have cost Main Street $11 trillion dollars but I thank him for pointing that out!

(WTH let's just skip this? ) They cover the massive lopsided profits of the corporate banking sector and also examine the $11 trillion decline in household net worth.

The financial services sector has grown as a share of GDP for a solid 40 years. Even with the current crisis it doesn’t seem to have retreated all that much. For the most part, this has to do with the corporatocracy running the country. While virtually every average American has had to deal with the recession by watching home values plummet, stocks decline, and jobs disappear the financial services sector has somehow managed to maintain their share of the GDP pie. This is something that needs to be vetted in the FCIC hearings.

Tell us again why the people who caused this are being rewarded? Companies that American taxpayers had to bail out with billions of dollars use that money to reward their employees with bonuses. Jon Daily drives home the point in this clip from the Daily Show.

Here is another chart driving the point home:

household-net-worth

American households have lost $11 trillion in wealth since the peak in the bubble.

Take a look at some of the banking stocks since the lows last March:

banking-stocks

Thanks to the wonderful bailouts, the banking system has picked up right where it left off after it destroyed the real economy. Now, it doesn’t even need to bother with the real economy since it has unlimited funds from the government to gamble in what is now the new gambling hotspot, Wall Street. Forget about Las Vegas, the new capital of gambling is in New York City and is headed by the investment banks.

The Article in full can be found HERE. The Article on who Obama works for can be found HERE. So many of these writers never address the Fascist Cartel known as the FED! Americans have been mistakenly led to believe they are an Independent Agency. Nelson Hultberg shreds that MYTH and explains how our paid off politicians work in Collusion with the Banksters and if you take the time to read it he details how this allows them to spend money stolen from you on special interests of their choosing.

I would like to see PERP WALKS wouldn't you? Instead of just breaking them up my suggestion would be to END THE FASCIST CARTEL period so our paid off Politicians who use the Independent Agency EXCUSE and their Bankster Buddies who by paying them off help rule America would have no recourse other then spending as our Constitution allows be that Welfare for Wall Street or Welfare for Main Street or Foreign Aid to Foreign Banks or Foreign people (there is no Charity in forced giving and American's are a generous bunch and will give what they can afford on their own) that money is being stolen from the Taxpayers of America.

Gerald Celente often likens the Financial Crisis to a Bank Heist where the Robbers had the keys saying it was an inside job! I agree a Collusion between our Politicians the Fed and the Banksters and in this last Heist the take was $11 Trillion dollars from the citizens of America what a haul!

http://www.thedailyshow.com/watch/tue-january-12-2010/clusterf--k-to-the-poor-house---wall-street-bonuses

http://www.mybudget360.com/financial-crisis-inquiry-commission-fcic-needs-to-recommend-the-breaking-up-of-commercial-and-investment-banking/

http://thecomingdepression.net/countries/north-america/who-does-obama-work-for-not-you-american-kleptocracy/

http://thedailybell.com/681/Nelson-Hultberg-The-Fed-is-a-Fascist-Cartel.html

http://www.nytimes.com/2009/03/16/business/16rescue.html?_r=1

http://www.investors.com/NewsAndAnalysis/Article.aspx?id=518034


Wednesday, January 13, 2010

Your Private Life with Google Hilarious Video


This Comical Video details how Google knows everything about you. How funny is this!


Consider Google recently shut down a blogger who exposed corruption involving the Biden's! Google was a HUGE supporter of O and follows him on twitter..."Google threw a post-inauguration party in the nation's capital Tuesday night. It had much to celebrate about Barack Obama becoming president.

As we describe in this front-page story, Google employees, including Chief Executive Eric Schmidt, threw their support behind Obama early in the campaign and now stand poised to push their agenda, which includes boosting Internet access and pushing for network neutrality. Obama's election helped make Google, which hired its first Washington employee less than three years ago, into a power player. Recently...

Service raises competitive, privacy concerns

Google dominates everything from web search to online applications. However, a new product may be one of its most important yet -- Google has launched a public Domain Name Service.Google Inc. Chief Executive Eric Schmidt got some privacy advocates agitated this week with an offhanded remark that indicated a naïve attitude toward privacy.

He said: "If you have something that you don't want anyone to know, maybe you shouldn't be doing it in the first place, but if you really need that kind of privacy, the reality is that search engines including Google do retain this information for some time, and it's important, for example that we are all subject in the United States to the Patriot Act. It is possible that that information could be made available to the authorities." Read more about Schmidt's comments.
By turning the argument against the user with "just don't do anything wrong and you'll be OK," Schmidt is essentially saying that we are now going to start spying on you. What else can it mean? This sort of proclamation regarding "the authorities" sounds like something the Stasi or KGB would tell the public. It's a threat.
For a chief executive to make what amounts to a threat to its users is absolutely astonishing. The general milquetoast reaction to this threat is even more astounding, but understandable. Our privacy rights have been eroding for years and just accelerated with the Bush administration. President Barack Obama has been on board since day one.
What sort of society wants to tap the phone calls of all its citizens? What sort of society wants to rifle through your personal belongings after busting into your house? These notions are promoted on TV with shows like "24" and other cop shows, where warrantless searches are common. (Even the actual mechanisms are revealed: "Did you hear a scream for help in there?" "YES! Let's bust in.")
Of course, the bugaboo of terrorism is key to all this. Yes, I'm aware after eight years without a new terrorist attack that one eventually will take place, and that we'll be told it could have been prevented with more surveillance.
When someone says if you are not doing anything wrong you have nothing to fear, that person is being misleading and disingenuous.
In the technology world, where libertarianism and human rights have been contentious issues, one too many Scott McNealys (the chairman of Sun Microsystems Inc.(JAVA 9.31, +0.03, +0.32%)) have come along making abhorrent and cavalier comments, such as "privacy is dead, get over it." It's no coincidence that this cancerous surrender was transferred to Schmidt, the former chief scientist at Sun under McNealy.
Schmidt, it should be noted, had a few personal details of his life revealed a few years ago by CNet in an exercise to show the power of Google's(GOOG 594.70, -1.03, -0.17%) search engine. Schmidt was incensed that, for instance, his home address was unearthed, and the company then banned CNet from its press events. Read the CNet article at issue.
Using Schmidt's logic, one has to ask: Why did he care if he wasn't doing anything wrong?
Lack of concern and failure to protect privacy is a lack of concern for the nation and its democratic institutions. While the system may be in full failure mode -- with full-time surveillance, prying and out-and-out spying on the citizenry combined with various redundant police forces -- we've created a culture of fear and corruption.
Google CEO Eric Schmidt.Google
Google CEO Eric Schmidt.
It's the corruption that's the problem. When someone says if you are not doing anything wrong you have nothing to fear, that person is being misleading and disingenuous.
Privacy concerns are not about you; they are not about me. They are about everyone else. We have to protect the minor philanderers and the mildly kinky politicians and judges and those who really have something to hide from blackmail that affects you. A member of Congress who is having an affair is compromised, and a lobbyist may use that information to sway his or her vote -- a vote detrimental to our interests. This is the problem, not the fact that you have a secret bookie unbeknownst to your wife that Google rooted out with data mining. Big deal.
So for starters there is blackmail and undue influence of public officials. Then there is the ability to data-mine personal stock transactions. Imagine how easy it would be to figure out M&A activity with lax privacy standards. Give me the Gmail database for a week; I'll be a billionaire overnight.
This hurts the integrity of the stock market and the foundations of the market-based system. Capitalism itself is threatened. Yet, according to McNealy, we have to "get over it" -- get over it and just let the whole system become corrupt.
What about news coverage of Google itself? "Sir, you've been a critic of Google. Does your wife know that you've been buying jewelry for this woman named Raven Strauss?" This sort of thing is why we should be concerned about privacy, and not about spying on you in particular. "Where did this whistle-blower get information? Let's tap her phone and find out!" Again, this is not about you.
I'm remiss to point the finger at Schmidt and McNealy, because there are many irresponsible executives in the tech sector who spew the same misleading garbage. (I wonder what they're trying to hide. Maybe we should look into it: Grab their browser cookies, put spyware on their machine, monitor their searches. Or go to work for Google; it seems to be doing that already.)
Maybe Schmidt will come to his senses. Google traditionally has been protective of the information it has accumulated. What changed? Was Schmidt compromised and is this the result? What do they have on Schmidt? Also, who are "they?" What's in the dossier?
Yes, this is how it works. Welcome to the Privacy is Dead era, comrade.