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Money, Fear and Manipulation of the People By the Banking Industry

S&P downgraded the U. S. to a AA+ rating or something like that from an AAA rating.  The Wall Street Journal reported on another company that downgraded the U. S. two weeks earlier but because they were "small potatoes" no one gave it much credence.  Meanwhile, Mr. Buffett wants to give the U. S. a AAAA rating.  So what gives?

Right now we have market volatility.  My advice, buy.  When things drop, buy.  The dramatic swings are nothing more than the rich grabbing and selling on the upswing.  Profits are to be made.  Don't blame Obama, or Congress.  I bet a favor got called in.  Right now the rich are seeking more wealth.  Then they open up the lending floodgates to get us to buy all this crap back that they are currently taking away. And they'll do it at money the banks borrowed at less than 1% through 2013.

Cash for clunkers took alot of parts off the inventory shelf in terms of salvage yards.  Manufacturing up?  Yep!  You have to get new parts now for your car.  Shareholders get their dividend.

My advice, BUY.  

My prediction: The Market WILL break 1400.  Volatility will make it happen.

Great Article on the Teasters...

Tea Party Made Up of 'Freaked Out White Men': Whitney

Published: Wednesday, 10 Aug 2011 | 9:27 AM ET

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By: Jeff Cox
CNBC.com Staff Writer

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Tea Party members are primarily “freaked out white men” who pose the greatest political threat to Democrats in 2012, according to banking analyst Meredith Whitney.

Jin Lee | Bloomberg | Getty Images Meredith Whitney

Speaking in the broader context of a discussion on CNBC regarding the Standard & Poor’s downgrade of U.S. debt, Whitney said the dissenters represent the type of problems that have led to the current predicament in Washington.

“Call it Tea Party, whatever you will, the fringe element is I characterize (as) freaked-out white men who are unemployed and have been unemployed for three years and they’re scared to death,” she said. “Three to four million of them are about to roll off unemployment benefits in the next three to four months. This is only going to get worse.”

 

Democrats looking to hold the White House and regain full control of Congress will need to take note.

“For this reason you have to deal with the structural issues,” Whitney said. “If you are a Machiavellian Democrat you want do deal with this issue and defuse the Tea Party as fast as you possibly can because this poses the biggest threat to their re-election in 2012.”

Her comments come at a turbulent time for markets, which saw a more than 600-point drop for the Dow industrials on Monday that was followed by a more than 400-point gain on Tuesday.

 

 

Economic uncertainty is at the crux of the tumult, with investors caught between crosswinds of debt issues in Europe and the U.S. as well as the threat of rising unemployment.

Whitney said extending unemployment benefits, which already have been pushed to 99 weeks, is not the answer.

“You feel better about yourself when you’re working. Kids feel better about their parents when they’re working. Having a job is more than having a paycheck,” Whitney said. “To push for the extension of unemployment benefits is going to and should unleash absolute backlash against this administration because that’s a horrendous idea.”

 

Remembering On Memorial Day...

From: benloseth@journey.com

Preparing for Memorial Day.... Keep it moving       I am proud to keep this moving...it says it all!  I hope this is one I see keep coming around!!!!!   MEMORIAL DAY         Keep it moving, please. Even if you've seen it before.       It is the  VETERAN,   not the preacher,   who has given us freedom of religion.  It is  the VETERAN,   not the reporter,    who has given us freedom of the press. It is  the VETERAN,   not the poet,  who has given us freedom of speech.     It is  the VETERAN,  not the campus organizer,  who has given us freedom to assemble.       It is  the VETERAN,   not the lawyer,  who has given us the right to a fair trial.    It is  the VETERAN,   not the politician,  Who has given us the right to vote.               It is the  VETERAN who  salutes the Flag,         It is the  VETERAN who serves  under the Flag,  GRANT THEM ETERNAL  REST, O LORD, AND LET YOUR PERPETUAL LIGHT SHINE UPON THEM.        I'd be EXTREMELY proud if this email reached as many as possible. We can be very proud of our young men and women in the service no matter where they serve.    God  Bless them all!!!                                                       Be very proud to be an AMERICAN!!!!!

 

The Iron Sarge: Dr. Al Bares

Years ago, my friend Dr. Albert J. Bares of Chicago shared a story of how he entered the army.  At WWII induction, a recruiter walked down the line saying Army, Navy, Army, Navy... after it was done, Al was in the Navy.  He spoke up and said he didn't want to be in the Nave.  When asked why, he said "Because I don't like your monkey suits."  Upon hearing this the recruiter said "Congratulations, you are in the Army."  

Al's response to this was "I want to be a sergeant like my uncle."

Dr. Bares went on to be a DI at Ft. Knox, later capture a squad of Germans marching on gravel by merely pulling the lever back on a 30 caliber machine gun.  He was injured and sent to Paris where he typed 4 part carbon court marshal forms error free while keeping a fifth in his desk drawer.  

Later, when tending German POWs in Illinois (yes, there were German POWs kept in the U. S. since the Geneva Convention required us to keep POWs in their geographic lattitude) he responded to a request.  "Hey Al, you speak German, we can't get these German officers to do any work...they say they don't understand english."  To this Al got a Tommy Gun and sprayed lead at their feet.  Then he asked in German "Sprechen Sie Englisch?" to which they replied "Yah, we speak very good english and proceeded to get to work.

To Dr. Bares who has since passed, and all who have served our Country, I say to you "Thank You!" this Veteran's Day.

Missle Launched Near California Might Be Saying "Yes We Can"...

I have enough experience seeing jet airplanes and this footage is NO jet.  

My How The World Has Changed...

1910 Ford Model R

Show this to your friends, children and/or grandchildren!

 

THE YEAR IS 1910

This will boggle your mind, I know it did mine! 

************ ********* ***********

The year is 1910 
One hundred years ago. 
What a difference a century makes! 
Here are some statistics for the Year 1910:

************ ********* ************ 

The average life expectancy for men was 47 years.

Fuel for this car was sold in drug stores only. 

Only 14 percent of the homes had a bathtub.

Only 8 percent of the homes had a telephone.

There were only 8,000 cars and only 144 miles of paved roads.

The maximum speed limit in most cities was 10 mph.

The tallest structure in the world was the Eiffel Tower !

The average US wage in 1910 was 22 cents per hour.

The average US worker made between $200 and $400 per year ..

A competent accountant could expect to earn $2000 per year, 
A dentist $2,500 per year, a veterinarian between $1,500 and $4,000 per year, and a mechanical engineer about $5,000 per year.

More than 95 percent of all births took place at HOME .

Ninety percent of all Doctors had NO COLLEGE EDUCATION!

Instead, they attended so-called medical schools, many of which

Were condemned in the press AND the government as 'substandard.'

Sugar cost four cents a pound.

Eggs were fourteen cents a dozen.

Coffee was fifteen cents a pound.

Most women only washed their hair once a month, and used Borax or egg yolks for shampoo.

Canada passed a law that prohibited poor people from entering into their country for any reason.

The Five leading causes of death were:

1. Pneumonia and influenza 
2. Tuberculosis 
3. Diarrhea 
4. Heart disease 
5. Stroke

The American flag had 45 stars ....

The population of Las Vegas , Nevada , was only 30!!!!

Crossword puzzles, canned beer, and iced tea hadn't been invented yet.

There was no Mother's Day or Father's Day.

Two out of every 10 adults couldn't read or write and 

Only 6 percent of all Americans had graduated from high school..

Marijuana, heroin, and morphine were all available over the counter at the local corner drugstores.

Back then pharmacists said, 'Heroin clears the complexion, gives buoyancy to the mind,

Regulates the stomach and bowels, and is, in fact, a perfect guardian of health'

( Shocking? DUH! )

Eighteen percent of households had at least one full-time servant or domestic help ....

There were about 230 reported murders in the ENTIRE U.S.A. ! 

   

I am now going to forward this to someone else without typing it myself.
From there, it will be sent to others all over the WORLD - all in a matter of seconds!

Try to imagine what it may be like in another 100 years. 

IT STAGGERS THE MIND

   

Sign, Sign, Everywhere a Sign...

On a drive today I saw several road side huxsters holding signs.

There were several "We Buy Gold" ones carried by scantily clad girls in spike heels dancing on the curb.

Of interest, I saw a man holding a sign "HONK TO STOP OBAMA".  Looking about at the trucks and rednecks honking I wondered if they thought the sign read "HONKY'S TO STOP OBAMA".

Again, I can only relate the math for Florida.  This applies to the retired republicans in the state as well (you know, the ones that worked up north and moved to Florida to pay no state income tax in retirement eventually becoming a burden to the state as they age, grow ill and die.)

--30% of the Florida Budget is Medicaid, so far.

--We have no State income tax, so far.

--The Federal Govt. can print more money, so far the States can't.

Where were the protesters when Bush was running us into the ground to the tune of war spending of a billion dollars a day to find one man.

Now some loon in D.C. is claiming that IRAN is hiding Bin Laden.  

At least we're smart enough to realize that we should stop looking for Hitler.

A Series Of Quotes That Lead Us Down A Dangerous Path...

The world is better off without Saddam Hussein

Gordon Brown

If Chavez won't do what the U.S. wants we should take him out.

Pat Robertson

The world is better off without Jews.

Adolph Hitler

We need a tighter leash on the worlds leaders.  We need it as soon as possible.

War Is OK When It Follows The Rules Of Law: Is Tony Blair Truly An Idiot...

During his supposed grilling the last week in January of 2010, a memorable quote based on some of his commentary (see title above)  was

"The World is better off without Saddam Hussein."

I remember about a year ago on CBN when Pat Robertson championed

"If Chavez won't do what we want we should take him out."  Thank God more good Christians don't run political parties or determine world policy...  Oh yeah, I forgot:

"The world is better off without Jews."  Adolph Hitler

Religion is bad, m'Kay, so don't do religion. 

There Are Serious Golfers, And Then There Are Putterers...

Unlike the public outcry from various Congressmen when any of them fails the test of fidelity, not one pro golfer has uttered a word; much less their trophy wives that don't want to lose all the stuff.