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