Dow Faces Bouncy Ride to 5,000

Stocks are currently in a bear-market rally, and looking at charts and past trends, unemployment and leading indicators suggest the Dow will drop to 5,000 in the next two to two-and-a-half years, Nenner told CNBC in an e-mail.

Deflation will arrive, along with a sharp double-dip recession, pushing the Dow lower, although, like the Japanese market, stocks will see several jumps of 30 percent to 40 percent, he said.

http://www.cnbc.com/id/38826988

US Said Preparing New Laws To Seize Americans Retirement Accounts

First They Destroy Private Healthcare in America – Yes, the socialist Democrats won their first battle to destroy the private healthcare system in the US but the automatic IRA bill now in Congress is their next attack to also control, confiscate and destroy the private retirement system. Ultimately, nationalizing healthcare is designed to create a major new government revenue stream by replacing private health insurance with a nationalized, mandatory, government program and their goal is identical with your retirement plan.

http://www.eutimes.net/2010/08/us-said-preparing-new-laws-to-seize-americans-retirement-accounts/

Co-chair of Obama 310 million tits

An advocacy group is calling for the ouster of former Sen. Alan Simpson, the co-chairman of President Obama's bipartisan debt commission, who described Social Security as a "milk cow with 310 million tits!" in an email.

http://money.cnn.com/2010/08/25/news/economy/alan_simpson_fiscal_commission/index.htm

Morgan Stanley Says Government Defaults Inevitable

Investors face defaults on government bonds given the burden of aging populations and the difficulty of increasing tax revenue, according to a Morgan Stanley executive director.

“Governments will impose a loss on some of their stakeholders,” Arnaud Mares in the firm’s London office wrote in a research report today. “The question is not whether they will renege on their promises, but rather upon which of their promises they will renege, and what form this default will take.” The sovereign-debt crisis is global “and it is not over,” he wrote.


http://www.bloomberg.com/news/2010-08-25/morgan-stanley-says-government-bond-default-is-question-of-how-not-if-.html

Ron Paul Calls for Audit of US Gold Reserves

This is not the first time the congressman has made his pitch. “In the early 1980s when I was on the gold commission, I asked them to recommend to the Congress that they audit the gold reserves – we had 17 members of the commission and 15 voted not to the audit,” said Paul. “I think there was only one decent audit done 50 years ago,” he said.

http://www.kitco.com/reports/KitcoNews20100824DC.html

"Enron Accounting" Has Bankrupted America: U.S. Deficit Really $202 Trillion

The Congressional Budget Office (CBO) forecasts the U.S. budget deficit will hit $1.3 trillion this year. An astronomical figure, to be sure, but that’s lower than was projected in March. It’s also less than last year’s record $1.41 trillion deficit, which was close to 10% of GDP.

And, that's the good news.

http://finance.yahoo.com/tech-ticker/%22enron-accounting%22-has-bankrupted-america-u.s.-deficit-really-202-trillion-kotlikoff-says-535354.html;_ylt=AkIrP5.B3xpwlgX_5f3J.kq7YWsA;_ylu=X3oDMTE2MDRmbzdqBHBvcwMxMQRzZWMDdG9wU3RvcmllcwRzbGsDZW5yb25hY2NvdW50?tickers=udn,tlt,tbt,uup,TIP,^gspc,GLD&sec=topStories&pos=9&asset=&ccode=

How Hyperinflation Will Happen

In other words, Treasuries are now the New and Improved Toxic Asset. Everyone knows that they are overvalued, everyone knows their yields are absurd—yet everyone tiptoes around that truth as delicately as if it were a bomb.

http://www.zerohedge.com/article/guest-post-how-hyperinflation-will-happen

Americans eating through beef, pork surpluses

Do you think these increases get passed on to the customer...you be they do!

Cattle and hog prices continue to reflect the tighter supplies. Live cattle for October delivery opened up 55 cents per hundredweight Wednesday to $96.50 on the Chicago Board of Trade. That price is almost $15 per hundredweight more than cattle brought a year ago.

Live hogs for October delivery opened up $1.50 per hundredweight in Chicago this morning to $77. A year ago hog prices were headed for a decade-low of $46 per hundredweight.

http://blogs.desmoinesregister.com/dmr/index.php/2010/08/18/americans-eating-through-beef-pork-surpluses/

Western Economies Face Hyperinflation: Gold Bull

The decline of the Western economic model will bring about hyperinflation and decades of painful readjustment, Egon von Greyerz, founder of gold investment intermediary Goldswitzerland.com told CNBC Thursday.

Fear of inflation causes investors to take refuge in gold. However, another analyst told CNBC that buying gold now is as pointless as the rush to buy tulips was in the 1630s.

http://www.cnbc.com/id/38767004

Does Barack Obama want to be re-elected in 2012?

Few Americans consider themselves bigger than the presidency but Obama might be one of them. The man in the Oval Office, argues Toby Harnden, may already be preparing for a role as a post-president in a post-American world.

http://www.telegraph.co.uk/news/worldnews/northamerica/usa/barackobama/7958031/Does-Barack-Obama-want-to-be-re-elected-in-2012.html

New Normal: Bankrupt nation. Deflation. Zeros. Junk. No jobs. Depression

Yes, it's going to get worse, a whole lot worse ... Bill Gross warns this is the "New Normal. Forget 10% returns. Think 5%". ... Economist Larry Kotlikoff, author of The Coming Generational Storm, warns: "Let's get real. The U.S. is bankrupt. Neither spending nor taxing will help the country pay its bills" ... Economist Peter Morici warns: "Unemployment is stuck near 10%. Deflation coming. Stock market threatens collapse. The Federal Reserve and Barack Obama are out of bullets. Near zero federal funds rates, central bank purchases, a $1.6 trillion deficit have failed to revive the economy." ... Simon Johnson, co-author of 13 Bankers, warns: "We came close to another Great Depression, next time we may not be so lucky." Why? Because Wall Street's already well into the next bubble/bust cycle --
the "doom cycle."

http://www.marketwatch.com/story/its-going-to-get-worse-a-whole-lot-worse-2010-08-17

Gold is glittering again. But why?

Still, gold prices aren't always tied to inflation expectations. The price of gold often spikes at times of fear. And with more and more concerns about how the economic recovery in the United States is losing steam, investor nervousness appears to be the most likely reason for gold's recent move higher.

http://money.cnn.com/2010/08/20/markets/thebuzz/index.htm

For Lean Budgets, a Plug-and-Play Solar Array

The Seattle-based clean tech start-up is developing a “plug-and-play” solar appliance called the Sunfish that will generate clean solar electricity for the home. “You bring it home and plug it in, just like a refrigerator, and it will cost about the same,” said the company’s president, Chad Maglaque.

http://green.blogs.nytimes.com/2010/08/16/for-lean-budgets-a-plug-and-play-solar-system/?src=me&ref=science

US Says Bankruptcies Reach Nearly 5-Year High

There were 422,061 bankruptcy filings between April and June, according to the Administrative Office of the U.S. Courts, up 9 percent from 388,148 in the prior three-month period, and up 11 percent from 381,073 a year earlier.

For the year ended June 30, there were 1.57 million bankruptcies, up 20 percent from 1.31 million a year earlier.

Consumer bankruptcies rose 21 percent to 1.51 million, and business bankruptcies rose 9 percent to 59,608.

http://www.cnbc.com/id/38744090

When Will Financial Armageddon Begin?

“Never in US history has a recession struck after several extended months of emergency ultra-low interest rates. This will be the first such occurrence. The policy response from the USFed must therefore be limited. They cannot reduce the official interest rate, unless below 0% (which did happen briefly in Japan). The nation stands on the doorstep of hyper-inflation. The only available tool within the USFed tool bag is Printing Pre$$ activity, pure monetization of both USTreasurys and USAgency Mortgage Bonds.”

http://usawatchdog.com/when-will-financial-armageddon-begin/

More tough economic times forecast by CBO

The CBO forecast the U.S. budget deficit will hit $1.342 trillion this year, down slightly from its March projection of $1.368 trillion.

http://finance.yahoo.com/news/More-tough-economic-times-rb-1122983085.html?x=0

Connecticut may have just a week's worth of cash

Connecticut this autumn probably would have just a little more cash than it needs to pay a week's expenses unless it issues $520 million of debt, according to the state comptroller.

http://www.reuters.com/article/idUSTRE67G50A20100817?type=domesticNews&feedType=RSS&feedName=domesticNews&rpc=22&sp=true

Obamanomics is why there is no recovery

How many more months must Americans endure near-double-digit unemployment, little or no new-job creation, economic stagnation, a topsy-turvy stock market, and sagging consumer confidence before Washington politicians concede the "summer of recovery" is mostly a mirage?

They've spent nearly $8 trillion since 2007, including nearly $2 trillion on economic stimulus programs and an equal amount for the Troubled Asset Relief Program and similar bailouts. They've effectively nationalized Fortune 500 corporations, taken over the health care sector, and set the regulatory stage for more bailouts and takeovers, but the needle is still stuck. Worse, recovery isn't likely for many months ahead because those same politicians are planning more of the same failing policies.

Read more at the Washington Examiner: http://www.washingtonexaminer.com/opinion/Obamanomics-is-why-there-is-no-recovery-471733-100652469.html#ixzz0xJtOUrn7


http://www.washingtonexaminer.com/opinion/Obamanomics-is-why-there-is-no-recovery-471733-100652469.html

Hindenburg Omen: Is a Stock Market Crash Imminent?

But first the facts. There was a correction in the markets this week, and the sell-off triggered the Hindenburg conditions. The Hindenburg Omen occurs when an unusually high number of companies in the New York Stock Exchange reach 52-week highs and lows at the same time. The proportion of NYSE stock highs and lows must both exceed 2.2% of the total listed on the exchange. The Hindenburg Omen last occurred in October 2008, according to UBS data.


http://www.thestreet.com/story/10835851/1/hindenburg-omen-is-a-stock-market-crash-imminent.html

Walmart raising prices ALOT

Some of the price hikes were considerably larger. For instance, the price of a 32-ounce bottle of Windex household cleaner jumped 50%, a 12-ounce box of Quaker Oats instant grits climbed 65% and a 50-ounce container of Tide detergent rose by more than 50%. A spokesperson for the Bentonville, Ark., company could not immediately be reached for comment

http://www.dailyfinance.com/story/walmart-raises-prices/19587730/

U.S. Is Bankrupt and We Don't Even Know It

http://www.bloomberg.com/news/2010-08-11/u-s-is-bankrupt-and-we-don-t-even-know-commentary-by-laurence-kotlikoff.html

Howard Dean says Obamacare will FAIL

This week Dr. Howard Dean, an internist by training and the former head of the Democratic National Committee, went on the record in an appearance on cable TV and predicted that the mandate in the new health care law that requires everyone to carry health insurance would be dropped, either because it will be ruled unconstitutional or because people are just uncomfortable being told what to do.

http://www.foxnews.com/opinion/2010/08/09/dr-marc-siegel-obamacare-physicians-howard-dean-mandate-health-insurance-care/?bcsi_scan_24DE46460B4E2EF0=Eh3vbthsRHWTKNQY7eiteailu/cMAAAAtXJCBg==

Students at Lincoln Memorial Told to Stop Singing National Anthem

U.S. Park Police confirmed that the students were in violation of federal law and their impromptu performance constituted a demonstration in an area that must remain “completely content neutral.”

So I guess Arlington National Cemetary, Vietnam Memorial, Gettysburg Park are all "content neutral".

http://www.foxnews.com/us/2010/08/09/students-lincoln-memorial-told-stop-singing-national-anthem/?bcsi_scan_24DE46460B4E2EF0=tFlcmJhtB49IVg8XjyCELcshcaIMAAAAASY6Bg==

Buffett goes to the trash can~~~

OMAHA, Neb. (AP) -- Warren Buffett's company reported a 40 percent drop in second-quarter profit Friday because the improvement at Berkshire Hathaway Inc.'s operating companies couldn't overcome $1.4 billion in paper losses on derivative contracts.

Derivative failues are coming folks...standby to standby. $700 trillion in derivatives out there.

http://finance.yahoo.com/news/Net-income-falls-40-percent-apf-1323298987.html?x=0

Consumer food prices going UP UP UP

Big producers are beginning to disclose mark-ups in some cases rather steeper than those. J.M. Smucker is, for instance, imposing an across-the-board rise of 9 per cent for its coffee sold to US supermarkets under brands including Folgers, Dunkin’ Donuts and Millstone. On Friday Kraft Foods followed with rises of more than 10 per cent in the US market on coffee brands including Maxwell House.

http://www.ft.com/cms/s/0/e7de20ca-a18a-11df-9656-00144feabdc0.html

U.S. First Lady Michelle Obama and her younger daughter lunched with Spain's King Juan Carlos and Queen Sofia

The lunch is Mrs Obama's last engagement in Spain before flying home to Washington DC, where she has come under fire for her lavish break on the Costa del Sol with 40 friends, which has been estimated at costing U.S. taxpayers £50,000 a day.

This is nothing but absurd and total BAD taste.

http://www.dailymail.co.uk/news/worldnews/article-1301302/Michelle-Obama-lunches-Spains-royal-family-backlash-extravagant-holiday-continues-home.html

The Federal Reserve is set to downgrade its assessment of US economic prospects when it meets on Tuesday to discuss ways to reboot the flagging recove

They are going to have replace the printing presses...

Spend Spend Spend...how about letting some business's fail. Let the business sector self correct by letting poorly managed business sink or swim.

http://www.ft.com/cms/s/0/dedcb986-a316-11df-8cf4-00144feabdc0.html

I bet Joe Arpaio doesnt subscribe to this nonsense!

TCA: Investigation Discovery Developing Mark Burnett 'Prison Idol'-style Talent Competition

http://www.broadcastingcable.com/article/455746-TCA_Investigation_Discovery_Developing_Mark_Burnett_Prison_Idol_style_Talent_Competition.php

Milwaukee teachers fight for Viagra drug coverage

A consultant for the school board has estimated that reinstating the drug benefit would cost $786,000 per year — the cost to keep perhaps a dozen first-year teachers employed.

WOW...everyone involved with this issue should be fired immediatly.

http://news.yahoo.com/s/ap/20100806/ap_on_re_us/us_milwaukee_teachers_viagra

This makes sense---WOW

Despite President Obama's pledge to retain more hi-tech jobs in the U.S., a federal agency run by a hand-picked Obama appointee has launched a $36 million program to train workers, including 3,000 specialists in IT and related functions, in South Asia.

http://www.informationweek.com/news/software/integration/showArticle.jhtml?articleID=226500202

This will freak you out!!!

Why Japan Is Doomed (and the U.S. and E.U., too): Demographics, Low Savings, Ballooning Debt

http://www.oftwominds.com/blogaug10/Japan-doomed07-10.html

Fed Printing May Create 'Final Crisis': Marc Faber

"they will print and print and print until the final crisis wipes out the whole system," Faber said.

This is exactly what Bernanke is doing and believes. He doesnt believe in deflation. He is of the opionion that we can just continue to print money. He stated that to Congress.

http://www.cnbc.com/id/38534143

Gold Movements Suspect

Is the COMEX running out of GOLD???

http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=12482

Is the End Game Hyperinflation or Debt Implosion?

“The collapse of the U.S. economy is a certainty - only the manner in which it will happen has yet to be determined. It is just a matter of time before the global derivatives bubble will produce the same result that has occurred to every other currency not backed by gold throughout history - those currencies, our ‘money’, will become worthless.”

http://www.financialsense.com/contributors/w-lorimer-wilson/is-the-end-game-hperinflation-or-debt-implosion

"Think the unthinkable," Andrew Roberts, RBS's chief of credit wrote.

Good article...read the entire article all the way to the bottom!

http://finance.yahoo.com/banking-budgeting/article/110194/are-the-helicopters-about-to-take-off;_ylt=AoGeJ2Yh2OEjryveFiIMAtK7YWsA;_ylu=X3oDMTE2azIzYzIyBHBvcwMxMARzZWMDdG9wU3RvcmllcwRzbGsDYnVsbGFyZGZsaXAt?mod=bb-budgeting&sec=topStories&pos=8&asset=&ccode=

Nassim Taleb: "The Government Debt Is Becoming A Pure Ponzi Scheme"

The problem is getting runaway. It's becoming a pure Ponzi scheme. It's very nonlinear: You need more and more debt just to stay where you are. And what broke Madoff is going to break governments. They need to find new suckers all the time. And unfortunately the world has run out of suckers."

http://www.zerohedge.com/article/nassim-taleb-government-debt-becoming-pure-ponzi-scheme

Wonder Women says FUCK IT!

Wonder Woman's Costume Does Not Define Her Patriotism

GREAT now Wonder Women has gone PC...we have a One World Wonder Women?

http://www.foxnews.com/entertainment/2010/07/28/olivia-munn-blasts-like-original-wonder-woman-costume/?test=faces&bcsi_scan_24DE46460B4E2EF0=l+1Pk24XOuJEyp8h0xkksXtJK+UIAAAA6WoNBA==

One in five Californians say they need mental health care

Almost 5 million California adults say they could use help with a mental or emotional problem, according to a survey released Wednesday by researchers at UCLA. About 1 million of them meet the criteria for "serious psychological distress.

Now this I can believe!

http://www.latimes.com/news/health/boostershots/la-heb-mentalhealth-20100728,0,2495137.story

Key parts of Arizona anti-immigration law blocked

Another opportunity for Arizona'ns to make a choice at the ballot box...

A judge on Wednesday blocked key parts of Arizona's tough new immigration law hours before it was to take effect, handing a victory to the Obama administration as it tries to take control of the issue.

http://www.reuters.com/article/idUSTRE66R45C20100728

Obama Missing Historic Boy Scout Jamboree for Fundraisers, 'View' Taping

This is just WRONG and pathetic. Guess he doenst plan on attending a Boy Scouts jamboree as president. He wont get another chance...

The Jamboree is held once every four years. This year's festivities mark the organization's 100-year anniversary -- scouts are scheduled to visit Washington, D.C., and other regional attractions in connection with the celebration.

http://www.foxnews.com/politics/2010/07/27/obama-missing-historic-boy-scout-jamboree-fundraisers-view-taping/

Record number of fake £1 coins could force reissue

Another reason for recall of a nations currency...


http://www.telegraph.co.uk/finance/personalfinance/consumertips/banking/7910602/Record-number-of-fake-1-coins-could-force-reissue.html

Yeah this is a good idea~he's an idiot

Treasury Secretary Tim Geithner said that allowing tax cuts for the wealthy to expire would be "the responsible thing to do.

http://www.washingtonpost.com/wp-dyn/content/article/2010/07/25/AR2010072500870.html?nav=rss_email/components

Bullion buyers bank on gold coins

Precious-metals research firm GFMS estimated that 229 metric tons of gold coins were sold in 2009, up 22% from the 187 metric tons of 2008 and almost 70% from the 135 metric tons that moved in 2007.

http://www.marketwatch.com/story/bullion-buyers-bank-on-gold-coins-2010-07-23?siteid=nbkh

FAT Tax on its way to a McDonalds near you

Germany Weighs Tax on the Obese

Marco Wanderwitz, a conservative member of parliament for the German state of Saxony, said it is unfair and unsustainable for the taxpayer to carry the entire cost of treating obesity-related illnesses in the public health system.

http://www.aolnews.com/world/article/germany-considers-tax-on-the-obese/19566425

Britain Plans to Decentralize Health Care

Practical details of the plan are still sketchy. But its aim is clear: to shift control of England’s $160 billion annual health budget from a centralized bureaucracy to doctors at the local level. Under the plan, $100 billion to $125 billion a year would be meted out to general practitioners, who would use the money to buy services from hospitals and other health care providers.

http://www.nytimes.com/2010/07/25/world/europe/25britain.html?_r=2&hp

Judge sharply questions federal argument against Arizona law

GOOOOOOD

A federal judge sharply questioned the Justice Department's key argument that Arizona's immigration law interferes with federal enforcement of immigration law.

http://news.yahoo.com/s/yblog_upshot/20100723/pl_yblog_upshot/judge-sharply-questions-feds-argument-against-arizona-law

An even more detailed article...

http://www.washingtonpost.com/wp-dyn/content/article/2010/07/22/AR2010072201548.html?hpid=topnews

Interesting article---

22 Statistics That Prove That The Middle Class Is Being Systematically Wiped Out Of Existence In America

http://endoftheamericandream.com/archives/22-statistics-that-prove-that-the-middle-class-is-being-systematically-wiped-out-of-existence-in-america

The Tax Tsunami On The Horizon

This breaks down the upcoming taxes......STAND BY

Fiscal Policy: Many voters are looking forward to 2011, hoping a new Congress will put the country back on the right track. But unless something's done soon, the new year will also come with a raft of tax hikes — including a return of the death tax — that will be real killers.

http://www.investors.com/NewsAndAnalysis/Article/541131/201007211841/The-Tax-Tsunami-On-The-Horizon.aspx?bcsi_scan_24DE46460B4E2EF0=6B1IZ9x7mnZDoj2/ydLPnpAlXBoGAAAAYYK/Ag==&bcsi_scan_filename=The-Tax-Tsunami-On-The-Horizon.aspx

Estate tax to return in 2011, and it could hurt ordinary folks

This is both criminal and immoral!!!!!!!!!!!!!!!!

http://www.usatoday.com/money/perfi/taxes/2010-07-21-estatetax21_CV_N.htm?bcsi_scan_24DE46460B4E2EF0=FytCdyn2SVTy2bPre7DD91PkiMYGAAAA5ci+Ag==&bcsi_scan_filename=2010-07-21-estatetax21_CV_N.htm

Hearing Today on State of U.S. Coins and Currency

Did he misspeak or was this a Freudian slip????

At Freedom Fest 2010 conference in Las Vegas two weeks ago, Jerry Jordan, who was president of the Federal Reserve Bank of Cleveland from 1992 to 2003, was asked if all the gold in Fort Knox was still there. Jordan affirmatively stated that all the gold that the U.S. owned at Fort Knox was still there. He immediately revised his statement to say that all of the gold that the U.S. claimed to have in “custody” at Fort Knox was still there. There is a huge difference between “owned” and in “custody.” Jordan’s comment is not an official acknowledgement that at least some gold reported as being held by the U.S. government is owned by others. However, it does heighten the suspicion that this could be true.

http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=12354&bcsi_scan_24DE46460B4E2EF0=Yyr18xrY3lzF72NwmZ2lKiiQyzsFAAAAhE2iAg==&bcsi_scan_filename=Article.jsp

Banks may hike check fees after finance reforms

C'mon...is there any doubt???


With the ink barely dry on Congress’ new financial-reform bill, which includes new regulations and credit-card restrictions on banks, some national and regional banks were already planning to raise fees on checking accounts and other services in an attempt to boost revenues.

http://www.bostonherald.com/business/general/view/20100719banks_may_hike_check_fees_after_finance_reforms/srvc=business&position=also

Fake fears over Ethiopia's gold

Ethiopia's national bank has been told to inspect all the gold in its vaults to determine its authenticity.
It follows the discovery that some of the "gold" it had bought for millions of dollars was gold-plated steel.

http://news.bbc.co.uk/2/hi/africa/7294665.stm

Fake gold bars out of tungsten a counterfeit story

This October, bankers in Hong Kong were in for a rude shock when they discovered some gold bars from the US to be actually gold plated tungsten i.e., fake gold bars. Acting fast, the Chinese officials found the perpetrators within hours. It seems that fake Tungsten blanks, between 1.3 and 1.5 million 400 oz, were manufactured in the US about fifteen years ago during the Clinton administration.

http://gold-quote.net/en/articles/fake-tungsten-gold-bars.php

Rust Discovered On Bank Of Russia Issued 999 Gold Coins

Here's a head scratcher: as everyone knows from elementary chemistry courses, gold is the most inert metal in the world - it does not rust, nor corrode. Yet this is precisely what Russian commercial precious metal trading company, International Reserve Payment System, discovered on thousands of (allegedly) 999 gold coins "St George" (pictured insert) issued by the Central Russian Bank.

http://www.zerohedge.com/article/rust-discovered-bank-russia-issued-999-gold-coins

ICE Facilities---WoooW

Illegal immigrants in a Level 1 Immigration and Customs Enforcement facility receive extensive health care, special meals, hair salon for the female detainees, a library including law books and access to Lexis Nexis legal cases as well as fitness and movie nights. Do you think these privileges are appropriate for someone who entered the U.S. illegally?

http://www.foxnews.com/opinion/2010/07/18/privileges-given-ice-facilities-appropriate-people-entered-illegally/

Moodys downgrades Ireland's rating

Another PIIG to the slaughter????

The bond rating system is corrupt as hell to begin with...so this is like a double whammy for Ireland.

Credit agency Moodys has downgraded Ireland's government bond ratings to Aa2, blaming banking liabilities, weak growth prospects and a substantial increase in the debt to GDP ratio.
The general government debt-to-GDP ratio was at 64 per cent at the end of last year, up from 25 per cent before the financial crisis took hold, and is continuing to rise.

http://www.irishtimes.com/newspaper/breaking/2010/0719/breaking7.html

Dow May Crash to 7,500 If 10,600 Not Breached~~~Daryl Guppy

Can also view at the Guppy Report...

The causes may have been different, but the collapse of the U.S. markets in early 2008 followed the same behavioral patterns as the collapse in 1929. The recovery pattern seen in 2010, is also very similar to that developed in 1930.

http://www.cnbc.com/id/38253735

Arriving in a small jet before the Obamas was the first dog, Bo

This makes sense....WTF

http://www.onlinesentinel.com/news/white-house-wanderers-tour-acadia_2010-07-16.html

Obesity Rating for Every American Must Be Included in Stimulus-Mandated Electronic Health Records, Says HHS

The obesity-rating regulation states that every American's electronic health record must: “Calculate body mass index. Automatically calculate and display body mass index (BMI) based on a patient’s height and weight.”The law also requires that these electronic health records be available--with appropriate security measures--on a national exchange.

FAT TAX!!!! or Obamacare work arounds so they dont have to pay medical bills.

http://cnsnews.com/news/article/69436

Newest White House promotion: "Health food czar" Sam Kass

You won't believe what Obama's cooking up now ...
Family chef elevated to post as 'senior policy adviser'

http://www.wnd.com/index.php?fa=PAGE.view&pageId=179589

Demand for financing leads global economic recovery toward 'wall of debt'

A massive wave of borrowing will start cresting this year when the U.S. and European governments sell an estimated $4 trillion in new bonds. The surge will course through the world financial system for several years as countries, corporations and banks borrow record amounts of money to repair the damage from the financial crisis and pay back loans from the boom that preceded it.

http://www.washingtonpost.com/wp-dyn/content/article/2010/07/14/AR2010071402548.html

Macy’s sells rubies ‘filled’ with glass

But beginning in 2007 and continuing throughout 2008, Balzan discovered that gems arriving for distribution and sale did not satisfy Macy’s quality standards. Topping his list of complaints were the rubies, which Balzan determined were composites of ruby and leaded glass worth an estimated $15 a carat.

http://sfpublicpress.org/news/2010-07/macys-sells-rubies-filled-with-glass

World at Risk of Folding in on Itself: Deputy Doom

The global economy is at risk of folding in on itself unless policy makers face up to the threat of inflation and exchange rate inflexibility, according to Arun Motianey, director of fixed income strategy at Roubini Global Economics.

http://www.cnbc.com/id/38255206

Finance bill favors interests of unions, activists

Principal among them is a measure to make it easier for unions, environmental groups and other activist organizations that hold shares to put their representatives on the boards of directors of every corporation in the United States.

http://www.washingtontimes.com/news/2010/jul/14/finance-bill-favors-interests-of-unions-activists/

Some Thoughts for July 15th 2010

CUT welfare, foreign aid, congressional pensions, staffs and salaries. Close 97% of the military bases in Europe. Cut or eliminate the pension for ex presidents and their staffs once they are out of office, shut down the department of education, and other useless government agencies that drain our pocketbooks. Put term limits on members of congress. Retrieve all the money from the banks that was stolen from the US tax payer and used to bail out Wall Street. Cut the useless spending that is rampant in Washington via entitlements. Quit borrowing from SS or allow those that have paid into SS to withdraw there "entitlment". Cut taxes and government regulations that are strangling business and hampering economic growth.

Both parties mull raising retirement age---70---Social Security is GONE folks

"If you have substantial non-Social Security income while you're retired, why are we paying you at a time when we're broke?" he said. "We just need to be honest with people."

Besides raising the retirement age for full Social Security benefits to 70 for people now 50 or younger, Mr. Boehner suggested curbing benefit growth by tying cost-of-living increases to the consumer price index rather than growth in wages, and providing benefits only to those who need them.

http://www.washingtontimes.com/news/2010/jul/13/both-parties-mull-raising-retirement-age/

Justice: Sanctuary cities safe from law

A week after suing Arizona and arguing that the state's immigration law creates a patchwork of rules, the Obama administration said it will not go after so-called sanctuary cities that refuse to cooperate with the federal government on immigration enforcement, on the grounds that they are not as bad as a state that "actively interferes."

http://www.washingtontimes.com/news/2010/jul/14/justice-sanctuary-cities-are-no-arizona/

President Obama, White House: Al Qaeda Is Racist

I have read this article 4 times now...and I cant figure it out. Is Obama saying Al Qaeda is racist because they are recruiting low income black people in Africa, only using low income black people as low level operatives, or because they blew up the two embassies in Africa and killed some locals (the bombs obviously were inteneded for Americans) I dont get it....another head scratcher.

http://blogs.abcnews.com/politicalpunch/2010/07/president-obama-white-house-al-qaeda-is-racist.html?bcsi_scan_24DE46460B4E2EF0=3BGufa6Uq25lwFYQljsO2Z0GBWoDAAAAzZJwAQ==&bcsi_scan_filename=president-obama-white-house-al-qaeda-is-racist.html

FROG SOUP~~~yeah not what you think

Great article dealing with inflation, deflation, gold and diamonds and who has posseses them.

http://www.321gold.com/editorials/russell/russell071310.html

The TRUE danger to America is not Obama-

Some people have the vocabulary to sum up things in a way you can understand them. This quote was translated into English from an article appearing in the Czech Republic as published in the Prager Zeitung of 28 April 2010.

"The danger to America is not Barack Obama but a citizenry capable of entrusting a man like him with the Presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president.. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America. Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools such as those who made him their president."

Still Dont Believe In The New World Order?

"We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the New World Order." David Rockefeller

http://www.svpvril.com/nwo.html

After all, Islam, like so many faiths, is part of America."

Oh yeah I forgot Benjamin Franklin followed the Islamic faith.

http://www.washingtontimes.com/news/2010/jul/11/obama-at-odds-with-petraeus-doctrine-on-islam/

ARE YOU SERIOUS

"Think of the Taliban as the Sopranos in turbans," she said. "I think essentially they're criminals."

http://www.nbclosangeles.com/news/local-beat/Cops-Show-Marines-How-to-Take-on-the-Taliban--98202989.html?bcsi_scan_24DE46460B4E2EF0=0&bcsi_scan_filename=Cops-Show-Marines-How-to-Take-on-the-Taliban--98202989.html

Secret gold swap has spooked the market

It takes a lot to spook the solid old gold market. But when it emerged last week that one or more banks had lent 380 tonnes of gold to the Bank of International Settlements in return for foreign currencies, there was widespread surprise and confusion

http://www.telegraph.co.uk/finance/markets/7884272/Secret-gold-swap-has-spooked-the-market.html

WOW---Why cant she try to motivate AMERICA

Michelle Obama Rouses NAACP Before Vote Condemning 'Racist' Elements of Tea Party

http://abcnews.go.com/Politics/naacp-tea-party-civil-rights-group-considers-resolution/story?id=11144640

Obama Is Barely Treading Water

There is a widespread feeling that the government doesn't work, that it is incapable of solving America's problems. Americans are fed up with Washington, fed up with Wall Street, fed up with the necessary but ill-conceived stimulus program, fed up with the misdirected healthcare program, and with pretty much everything else.

http://politics.usnews.com/opinion/mzuckerman/articles/2010/07/02/mort-zuckerman-obama-is-barely-treading-water.html

Bank Profits Depend on Debt-Writedown `Abomination'

OLD habits die hard...

http://www.bloomberg.com/news/2010-07-11/bank-earnings-depending-on-debt-writedown-abomination-in-latest-forecast.html?bcsi_scan_24DE46460B4E2EF0=8CqwS+2ePjp3nEzLl1RECLrFqlIDAAAAIRcVAQ==&bcsi_scan_filename=bank-earnings-depending-on-debt-writedown-abomination-in-latest-forecast.html

$166 billion jump in ONE DAY

The one-day increase for June 30 totaled $165,931,038,264.30 - bigger than the entire annual deficit for fiscal year 2007 and larger than the $140 billion in savings the new health care bill will produce over its first 10 years. The figure works out to nearly $1,500 for every U.S. household, or more than 10 times the median daily household income.
Daily debt calculations jump and fall, and big shifts are common. But all three of the biggest one-day debt increases have occurred under the tenure of President Obama, and all of the top six have been in the past two years - an indication of just how quickly the pace of deficit spending has risen under Mr. Obama and President George W. Bush.

http://www.washingtontimes.com/news/2010/jul/7/us-marks-3rd-largest-single-day-debt-boost/?bcsi_scan_24DE46460B4E2EF0=0

Dollar Devaluation and Destruction of America Pick Up Steam

Yeah ok so its Alex Jones...he's referencing Fortune magazine...and other mainstream info and thoughts.

http://www.infowars.com/dollar-devaluation-and-destruction-of-america-pick-up-steam/?bcsi_scan_24DE46460B4E2EF0=0

Obama's debt commission warns of fiscal 'cancer'

No kidding-like anyone needed a commission to determine this. This commission was NOTHING but a frivolous waste of time.

http://www.washingtonpost.com/wp-dyn/content/article/2010/07/11/AR2010071101956_pf.html?bcsi_scan_24DE46460B4E2EF0=h8cEvU71ylUhOzKDxcI7X/D0BZUCAAAAMHUHAQ==&bcsi_scan_filename=AR2010071101956_pf.html

“There is a cliff we are racing toward — it’s huge,”

Crisis Awaits World’s Banks as Trillions Come Due

http://www.nytimes.com/2010/07/12/business/global/12refinance.html?bcsi_scan_24DE46460B4E2EF0=gUIYDowmY6Okp/6HOgoVQa0+DFECAAAA1hUHAQ==&bcsi_scan_filename=12refinance.html

Gold keeps rising as panicky investors look for security

http://www.guardian.co.uk/business/2010/jul/11/gold-shines-uncertain-market

NEW Medicare Director That Health-Care System Must Redistribute Wealth

The new Medicare Director supports redistribution of wealth...not only that but Obama appointed him by recess appointment.

http://cnsnews.com/news/article/69149

WHOA---this will kill some small business's

The new regulations, which kick in at the start of 2012, require any taxpayer with business income to issue 1099 forms to all vendors from whom they purchased more than $600 of goods and services that year.

http://money.cnn.com/2010/07/09/smallbusiness/irs_1099_flood/

UMMMmmm OK

U.S. Says No Country Manipulates Currency, Yuan `Undervalued'

http://www.bloomberg.com/news/2010-07-09/u-s-will-monitor-china-progress-on-allowing-for-faster-yuan-appreciation.html

Ditching The Dollar Again

http://www.businessinsider.com/morgan-stanley-dollar-euro-reserve-holdings-2010-7

Americans: Pull Your Heads Out of the Sand Before It’s Too Late

http://www.munknee.com/2010/05/americans-pull-your-heads-out-of-the-sand-before-its-too-late/

25 Warning Signs of HARD Economic Times Ahead

http://www.munknee.com/2010/07/25-signs-we-are-headed-for-hard-economic-times/

Death Cross Forming

Cant argue with the movement of the market...but I've read alot of articles that say the market technicals and historical movments mean nothing today. They CANNOT predict the market based upon previous trends due to the substantial change in fundamentals over the past 100 years...so who knows....no wonder there there is NO stability in any of the markets.

http://www.kitco.com/ind/Lewis/july072010.html

UMMM---I'm not sure what to say about this ?

But then the administration moved to dismiss the charges the following month after getting one of the New Black Panther members to agree to not carry a "deadly weapon" near a polling place until 2012.

http://www.foxnews.com/politics/2010/07/07/civil-rights-panel-renew-subpoenas-pursue-federal-probe-black-panther-case/?bcsi_scan_24DE46460B4E2EF0=r9toEzvywRKrKRr99gMVhEqNwnIBAAAAu4NZAA==

Four boxes of freedom-

We have four boxes with which to defend our freedom: the soap box, the ballot box, the jury box, and the cartridge box.

Historical Silver to Gold Ratio

http://www.kitco.com/ind/Wilson/july062010.html

"Let's do a study."---68 of them!!!!! Is YOUR tax dollars working for you?

http://money.cnn.com/2010/07/06/news/economy/Wall_Street_reform_studies/index.htm

"Everything signals a slowdown of the US, a slowdown of Europe, a slowdown of Japan and a slowdown of China," he said.

http://www.cnbc.com/id/38102194

Six Giant Banks Made $51 Billion Last Year; The Other 980 Lost Money

http://www.forbes.com/2010/06/03/goldman-sachs-citigroup-markets-lenzner-morgan-stanley.html?partner=relatedstoriesbox

If this wasnt so TRUE it wouldnt near as funny!

Obama is as hopeless, helpless, clueless and bankrupt of good ideas as the manager of the Chicago Cubs in late September. This "community organizer" knows as much about private-sector jobs as Pamela Anderson knows about nuclear physics.

http://www.lvrj.com/opinion/barack-obama--the-great-jobs-killer-97758294.html

Investors fear rising risk of US regional defaults

Investors are worried that the risk of default for US local governments is growing, amid signs that some regions are facing the same type of difficulty in curbing pension and budget deficits as some eurozone countries.

Dow Repeats Great Depression Pattern: Charts

http://www.cnbc.com/id/38092759

Now this what I call a musical critique---WHOA

http://seattletimes.nwsource.com/html/musicnightlife/2012249187_hole04.html

For me Independence Day is:

For me Independence Day is: a day of celebration a day of remembering the past and what I want in the future. So this year, when we are planning our parties, take a moment and reflect on the significance of the occasion.

Due to a lack of historical patriotism and progressive influence in our society, most Americans view the 4th of July as either a nuisance due to fireworks or just a day off from work to drink beer and enjoy fireworks. I guess both of those are acceptable and certainly each has their right. However we have that right and freedom due to the greatness of our founding fathers. We celebrate the founding of our great nation on the 4th of July. Unfortunately as a nation we have allowed the leftist apologetics to influence and degrade the one American holiday that should unite each of us under one ideal and vision. Our founding fathers were strong, brave and interesting people. Although they all didn’t agree 100% of the time they shared a common vision. The American people need to know about that vision and the sacrifices made by our forefathers, men and women who were willing to give their lives for freedom. The cost of our freedom was paid in real blood; real dying. Our founding fathers could not press the button on a remote control, when they were out of life, and start over.

Hear ye, hear ye, hear ye, I declare the following...bring some fun back to our country, be damned the liberals who sue to remove the flag from our schools, who believe the Constitution is open to interpretation or is a living document, and the crowd who made everything so politically correct. I suspect there the same folks who regulated lawn darts out of existence.

Proclamation (with some thoughts to ponder):
-Let us celebrate with our families, friends, and take a moment to say hi to a passerby no matter what race or creed. Its America!
-Let us have "The Star-Spangled Banner", "God Bless America", and "Yankee Doodle", blaring from our boom boxes. Not made in America…the boom box not the song.
-Let there be our grand old flag flying from the highest point on every house, every business, every school, and every government facility. Unfortunately the flag was probably made in Taiwan or Macau.
-Let us challenge each other on trivia facts involving the birth of our nation. One such example would be: How many signers were there of the Declaration of Independence?
-Free tickets to baseball games-yes I’m a baseball fan…all baseball fields should have kids playing games. The baseballs are made in China and Costa Rica.
-Let there be hot dogs, apple pie, and watermelon. Take turns cranking the handle on an ice cream freezer, for the best ice cream you ever tasted. No doubt some liberal knucklehead will introduce legislation to ban ice cream due to some perceived unhealthy effect of brain freeze.
-Sit around in the yard (front or back), in lawn chairs, or on quilts (that your mom, grandma, aunts, sisters made) spread out on the lawn and have conversations about our country. Where is it headed? How can we make it better?
-Watch the children, and possibly a few adults, run through the water spraying from the sprinkler or on the slip and slide (again the leftist will try and ban the slip and slide if they could). Take the kids and throw them in the pool or river…yeah I know child abuse.
-Put your hand over your heart (unlike Mr. Obama), face the flag, swell up with pride and recite the Pledge of Allegiance and leave in the "one nation under God".

BE PROUD TO BE AN AMERICAN, AFTER ALL, WE THE PEOPLE LIVE IN THE GREATEST COUNTRY IN THE WORLD.