The only reason you are getting this clear reporting is this isn’t from an American paper.

Millions of jobs created and/or saved!
Hope and Change for the MASSES!
As Obama promised, HE won’t TAX you.
Now you know why!

Jobless millions signal death of the American dream for many

[snip]
Just how badly the great recession has struck this fragile New Jersey city, which is currently the poorest in America, was recently spelled out to Gaines. In happier times – whatever that might mean for a city as destitute as Camden – local businesses on Haddon Avenue could at least rely on a bit of trade from those who made their money on the street.

Young men bought flashy clothes and got sharp haircuts and always paid in cash. But no longer. The economy is now so bad in Camden that even the criminals are struggling and going short. “Even the guys who got money from illegal means really don’t want to spend it,” Gaines said. [snip]

America appears to be a society splitting down the centre, shattering the middle class that long formed the cultural bedrock of the country and dividing it into a country of haves and have-nots. “A once unthinkable level of economic distress is in the process of becoming the new normal,” warned Nobel-prize winning economist Paul Krugman in a recent New York Times column. Or, as Steven Green, an economics lecturer at Baylor University, put it to the Observer: “We are really in a tough spot right now.”

There is a new name for those falling down the black hole of joblessness that has opened up in America’s economy. They are the 99ers.

It is a moniker that no one wants. It refers to the 99 weeks of benefits that the jobless can qualify for in America. Government cash helps those laid off keep a tenuous grip on a normal life. It keeps a roof over their heads, pays a phone bill, puts food on a table and petrol in a car. But once the 99 weeks are up the payments stop – as is happening now for millions of people – and they are 99ers. [snip]

In a city that has had it tough for decades these are hammer blows to its residents. One woman who has watched in dismay as the recession unfolded outside her door is Dorothy Allen, 81, who has lived near Haddon Avenue for almost four decades. Known by almost everyone as “Mom”, she calls herself “the mother of the block”. She has never known anything like the area’s current troubles. “I have been here since 1971 and it’s the worst it’s ever been,” she said. Yet to listen to America’s politicians many would think recovery is just a matter of time. Yes, they say, the recession has been hard, but America will pull through and everything will be as it once was. Last week New Jersey senator Robert Menendez visited Camden, stopping at a local health clinic. He spoke of the achievements of the Democrats in staving off economic disaster.

Job creation was coming, he told his audience of health executives: “It is not going fast enough to get people back to work but it’s a dramatic turnaround.“(emphasis added)
It does not feel that way for millions of Americans all across the country. Camden is far from unique in slashing its services. In Colorado Springs more than a third of street lights have been switched off to cut the municipal electricity bill. The city has also sold off its police helicopters.

Are you not rejoicing that the Jackass Party finally understands what’s wrong! Our DEAR LEADER will fix the problem soon, probably by 2014, if and only if, you reelect the entire batch of fumblenuts currently in power.
I don’t think we can take any more of this “dramatic turnaround.”

The Country is swooning from ecstasy NOW.

Meanwhile, the idiot “Greens” in
Congress shove corn into our gas tanks

[snip]
…[]…Confronted with a severe drought, Vladimir Putin, Russia’s prime minister, this week sowed panic in world commodity markets when he banned grain exports for the rest of the year. At a time when the global consumer economy is still in the doldrums, a surge in the cost of wheat, milk, meat, cocoa and other staples of the world’s daily diet is increasing the pressure on manufacturers and retailers to pass the rises on to cash-strapped consumers across the US, Europe and parts of Asia.

According to the British Retail Consortium, in-store food costs rose 2.5 per cent in July from a year earlier, up from a 1.7 per cent rise the month before. In the US, the deflation the Department of Agriculture was projecting as recently as July 25 for cereals and bakery products such as wheat will need to be put under review. It is forecasting inflation of 2–3 per cent this year for meat as well as sugar and sweets. For milk, cheese and eggs, which fell in price last year, it predicts 1.5–2.5 per cent increases.

Futures Markets Here are all the listings and the news.

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.
Will consumers countenance all these increases? “Household food budgets don’t go up,” says Paul Weitzel, managing director at Willard Bishop, a retail industry consulting firm in the US. Instead, “people change their shopping behaviour”. [snip]

The pricing increases will eventually be passed along to shoppers, predicts Susan Anderson at Citigroup, but it will not happen quickly. “There will be a six-month lag instead of a one- to two-month lag,” she says. If nothing else, that provides some reassurance for Christmas. (emphasis added)
Rising commodity prices in early 2008, led by oil, resulted in significant price boosts for a variety of food products, almost all of which were passed on to consumers two years ago.
But after the run-up peaked, the decline in input prices and the sharp economic downturn precipitated by the financial crisis led to stable and even deflationary pricing in the US and elsewhere. As a result, shoppers encountered something almost never seen in supermarkets and grocery stores: declining prices over an extended period of time.

But suppliers adjusted, leading to what we see now. Notably, flagging demand for beef in 2008, combined with high grain prices, led the large US cattle companies to reduce their herds over the past two years, which created an undersupply of beef and the consequent rise in price tags at supermarket meat counters. [snip]

Right at the time food costs rise, Obama figures to let the Bush tax cuts expire Jan 1 2011, giving the public colic.

In 2008, during the last big run-up in food prices, the price of pasta in the US jumped by more than 20 per cent. Nonetheless, unit sales crept up slightly, leading to a 22 per cent gain in the dollar value of pasta sales across most US supermarkets. “At the very bottom of the consumption chain there’s no place to hide,” Mr Rand says. “You end up with pasta or rice. People have very few alternative bulk products that are going to be cheaper than that. It doesn’t matter if the cost of spaghetti has gone to $1.19 from 99 cents. But if you take my beef from $6 to $9, that’s a different deal.” [snip]

So enjoy the ethanol in the gas even as corn prices drop for now.
That is only the vagaries of the weather moving prices lower. Some flooding, high winds or cold temperatures change prices fast.

The NEA is going to face the same knife as the British art scene is experiencing now. Here in Proggy Land, let the pompous and haughty Left scratch under their sofa cushions for the coinage to drop in the turnstiles at the Met, MOMA or the National Gallery. This will give them some measure of humility

The first program to cut is PBS. Let the Lefty swells pay for their precious Lehrer News Hour. The same goes for NPR; A Prairie Home Companion takes on real meaning when it’s your phone call during pledge week footing the bill. .Besides, paying for their own programming will give them a sense of accomplishment, heretofore lacking in their bereft lives.
The following is from the WAPO.

British government moves to dramatically cut public funding for the arts

[snip]
But now cash-strapped and desperate to slash the largest budget deficit in Europe, the new ruling coalition of Conservatives and Liberal Democrats is moving to close the curtain on an era of what they describe as excessive government patronage. [snip]

The move underscores the profound changes in the role of government that are taking place from Greece to Spain to Britain. It happens as European nations scramble to rein in runaway spending, in part by slashing public funds to sectors that came to survive — even thrive — because of them. [snip]

Panicked curators, artistic directors and art critics are warning of London’s potential fall from the vanguard of the global arts scene. In danger, for instance, are the same government-funded institutions that helped produce such films as “The Last King of Scotland” and “The Constant Gardener” as well as Broadway- and Hollywood-bound stage works such as “Jerusalem” and “War Horse.” The Royal Shakespeare Company has warned that it might be forced to scale back or do away with international productions altogether.

Alistair Spalding, artistic director of London’s cutting-edge Sadler’s Wells dance theater, said it may have no choice but to abandon the kinds of projects that helped redefine London’s street art scene. Those include recent pieces like “Electric Hotel,” which turned an abandoned plot of land into a venue where passersby became voyeurs as dancers moved behind transparent walls. “There is a crisis and cuts need to be made, but the arts are being singled out,” he said. “This is going to seriously damage the image of London as a cultural hub.”

If this production is so moving, such a must see that travelers flock to London, just for that, put up veiled translucent walls and CHARGE ADMISSION!

The cuts are set to be so deep that some observers say even the famously free London museums might need to consider admission fees, potentially affecting the pockets of millions of tourists who flock to the British capital each year. [snip]He insisted that the best works, regardless of their subject matter, would find sponsors. He noted the case of “Enron,” a British play that started in government-supported theater before finding private backers for a commercial run in London’s West End. This, he said, despite what he called the work’s “anti-capitalist themes.”

“To be honest,” he said, “I think we should spend more time recognizing that [the private sector] is prepared to fund the arts because they believe it’s the right thing to do, and less time implying this will bring with it some form of censorship.”

If there is actually something of artistic quality produced, getting private funding isn’t all that difficult. Some of the-er-ah-performance art being foisted off as “brilliant-a phenom-strikingly forward” and all the other garnishes applied to the usual drek will die a deservedly quick death.

You know the kvelling mantra. If you don’t buy-look-fawn over-donate-approve-talk about the Left’s socially correct ART, you are guilty of CENSORSHIP.
TSK-TSK-TSK, You certainly are in need of re-education at one of the camps of a stricter regime.

 It’s called deflation; it’s going to happen like a stone in a well.

RBS tells clients to prepare for ‘monster’ money-printing by the Federal Reserve

Entitled “Deflation: Making Sure It Doesn’t Happen Here“, it is a warfare manual for defeating economic slumps by use of extreme monetary stimulus once interest rates have dropped to zero, and implicitly once governments have spent themselves to near bankruptcy.

The speech is best known for its irreverent one-liner: “The US government has a technology, called a printing press, that allows it to produce as many US dollars as it wishes at essentially no cost.” [snip]

There’s a cost; we’re experiencing it now. You know the terms, jingle mail, underwater mortgages, foreclosures, bankruptcies, unemployment, stimulus spending, government made jobs…

As Obama’s Chief Idiot  Paul Krugman, says,

[snip]
“We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost — to the world economy and, above all, to the millions of lives blighted by the absence of jobs — will nonetheless be immense.” [snip]

Of course, his solution is the same as more of the above which proved to be a disaster in the “Great Depression.”

Who said Economics had to be DULL? What’s going on with the world’s finances is more fun than watching “24″.
Far more entertaining too, since your balls are in the Obama Osterizer.

Nouriel Roubini said the bubble would burst and it did. So what next?

[snip]
Just three years earlier, Roubini had been the object of derision in the economics community as he prophesied a US housing market crash, financial crisis and partial collapse of the banking sector. Today, as an adviser to governments and central bankers and much feted in the media, he’s well aware of the power of being right.

“In my line of business your reputation is based on being right,” he says. “The publicity is just noise. Certainly with a global crisis, the dismal scientists are having some prominence, even if most of the economics profession actually failed to predict it.”

The 51-year-old, widely known as Dr Doom, is in town to publicise his new book Crisis Economics, a crash course in the financial crisis and what can be done to avoid another.

The book does little to suggest he is uncomfortable with his nickname. Where Roubini is concerned, the great recession has some way to run.

“The crisis is not over; we are just at the next stage. This is where we move from a private to a public debt problem,” he says, his speech the mongrel drawl of a man who was born in Turkey to Iranian parents, raised in Israel and Italy and lives in New York. “We socialised part of the private losses by bailing out financial institutions and providing fiscal stimulus to avoid the great recession from turning into a depression. But rising public debt is never a free lunch, eventually you have to pay for it.”[snip]

All that socialist crap chanted in college during those wonderful ’70’s are now here. Boomers, those idiots that YOU elected, to bring Peace, Light and Love instead delivered this vicious economic socialist mess that is biting you in the ass, right through your 101(k) and IRA, just in time for you to retire.
As a kiss off, they’re giving you a return of ½% to 1% return on short term deposits.

They collapsed you housing values, taxed your jobs overseas and then replaced you with illegal immigrants driving down wages on the rest of the employed. Oh yeah, the unions bought into it because they get sign-ups who won’t bitch, complain or strike over sweetheart contracts.

One false move in Europe could set off global chain reaction

[snip]
But the knife-edge psychology currently governing global markets has put the future of the U.S. economic recovery in the hands of politicians in an assortment of European capitals. If one or more fail to make the expected progress on cutting budgets, restructuring economies or boosting growth, it could drain confidence in a broad and unsettling way. Credit markets worldwide could lock up and throw the global economy back into recession.

For the average American, that seemingly distant sequence of events could translate into another hit on the 401(k) plan, a lost factory shift if exports to Europe decline and another shock to the banking system that might make it harder to borrow.

“If what happened in Greece were to happen in a large country, it could fundamentally mark our times,” Angelos Pangratis, head of the European Union delegation to the United States, said Friday after a panel discussion on the crisis in Greece sponsored by the Greater Washington Board of Trade.

The PIGS are the problem. Spending money they didn’t have, couldn’t raise through taxes, Portugal, Spain, Greece and Italy ran up unfunded pensions, public sector wages and early retirement.

Now they can’t pay for the excesses. Bailouts from the other EU countries are grudgingly forthcoming with stringent guides attached. Riots followed.

[snip]
The most vulnerable European countries — Greece, Spain, Portugal and Ireland — may represent only about 4 percent of world economic activity, but “the debt crisis and its ripple effects are bad news for all corners of the world,” said Cornell University economist Eswar Prasad. [snip]
But the fallout from Europe could still be widely felt. U.S. trade officials, hoping the country can dramatically boost its exports, are dismayed at the steep drop in the value of the euro — which is around $1.25, down from more than $1.50 in November. The decline makes American goods more expensive compared with those produced in Europe. The slide in the common European currency could also change the way China and a host of Asian countries approach their currency policies, possibly making them less likely to agree with U.S. demands to raise the value of their money. If they raised it, Asian goods would become more expensive in world markets, making it easier for U.S. products to compete. [snip]

So what, Corporations are bad, evil abusers of the poor, the downtrodden, the children and the third world emerging nations, right!

Get ready for higher unemployment numbers and another surge in foreclosures. 

To insure this happens, Congress put together a banking bill that does for credit cards, what Freddie and Fannie did for housing.
How did that work out for America.

This posting is for any Libertarian/Conservative reader.
Liberals, please ignore it, Obama is there to protect and save YOU!

A huge rush, these always come with a surge. Out of the cafes and idling spots, come the idiots, the believers in OPM as a style of living and the sustenance of LIFE.This time it’s too late, rioting, looting and burning can’t bring back what no longer exists.
The indolent style of the status quo has no status; it’s KAPUT!
(Posting this is so enjoyable BECAUSE it’s from the NY Times)

THERE IS NO MORE OPM!

Europeans Fear Crisis Threatens Liberal Benefits

PARIS — Across Western Europe, the “lifestyle superpower,” the assumptions and gains of a lifetime are suddenly in doubt. The deficit crisis that threatens the euro has also undermined the sustainability of the European standard of social welfare, built by left-leaning governments since the end of World War II.

Europeans have boasted about their social model, with its generous vacations and early retirements, its national health care systems and extensive welfare benefits, contrasting it with the comparative harshness of American capitalism.

Europeans have benefited from low military spending, protected by NATO and the American nuclear umbrella. They have also translated higher taxes into a cradle-to-grave safety net. “The Europe that protects” is a slogan of the European Union.

But all over Europe governments with big budgets, falling tax revenues and aging populations are experiencing rising deficits, with more bad news ahead.

With low growth, low birthrates and longer life expectancies, Europe can no longer afford its comfortable lifestyle, at least not without a period of austerity and significant changes. The countries are trying to reassure investors by cutting salaries, raising legal retirement ages, increasing work hours and reducing health benefits and pensions.[snip]

 We have coddled them with military protection, which pumped money into their economy, allowed for egregious lawsuits over damaged lawns and cars and insufferable protests by the very bungholes sitting on their asses, retired at 28- swilling beer and coffee all day.

UP YOURS, COMMIE UNIONISTS. Now you’ll have to burn down everything while rioting; with luck, it’ll be your house. But the OPM won’t be coming back. The promises of the Collectivist Brotherhood of Unionists turned out empty. The Radiant Future of the Great Social Reform, put out by stale spilled beer. How f**king condign! The Muzzies will make them work!

Think you’re going GREEN?

Leaked Doc Proves Spain’s ‘Green’ Policies — the Basis for Obama’s — an Economic Disaster

Pajamas Media has received a leaked internal assessment produced by Spain’s Zapatero administration. The assessment confirms the key charges previously made by non-governmental Spanish experts in a damning report exposing the catastrophic economic failure of Spain’s “green economy” initiatives.  (emphasis added) [snip]

But today’s leaked document reveals that even the socialist Spanish government now acknowledges the ruinous effects of green economic policy. [snip]

The government report does not expressly confirm the highest-profile finding of the non-governmental report: that Spain’s “green economy” program cost the country 2.2 jobs for every job “created” by the state. However, the figures published in the government document indicate they arrived at a job-loss number even worse than the 2.2 figure from the independent study.

This document is not a public report. Spanish media has referred to its existence in recent weeks though, while Bloomberg and the Washington Examiner have noted the impact: Spain is now forced to jettison its plans — Obama’s model — for a “green economy.”

Remarkably, these items have received virtually no media attention.

An item which has been covered widely, however, is that President Obama is now pressuring Spain to turn off its spigot of public debt in the name of averting a situation similar to that of Greece. (emphasis added)

Also covered widely is Obama’s promotion of the American Power Act — the legislation which would replicate Spain’s current situation in the United States.

Put simply, Obama is currently promoting a policy in the U.S. which is based on a policy that he wishes to see Spain abandon. Welcome to Obamaland, the particulars of which are explained in a fashion grandly more illuminating than this Obama-Zapatero dance in Power Grab: How Obama’s Green Policies Will Steal Your Freedom and Bankrupt America.

If any have watch the wild gyrations of the sovereign debt markets and the currency exchanges in the past couple of weeks, you know what has happened with the Euro and the Yen, the Yuan, the Ozzie and the Dollar.
Silver, which normally trades around $6/oz is at $19/oz USD. Gold up, copper down, stocks dropping and bank stocks really taking a hit.

Europeans are trading out of the Euro into Gold; they don’t buy it like we do. They use it as currency, they learned a long time ago paper money is just that, paper.

None of this is possible when Nations are on the Gold Standard. But that severely limits Socialists from spending, so we have Fiat Money and this current mess.

The world will go back on the Gold Standard.

 Coming with your health care card, is this excellent method of cost control.
Remember this individual was NOT terminal! She was “differently abled” to use Sensitive PC Speak.

Belgian Doctors Euthanized Disabled Patient and Harvested Her Organs

[snip]
If this doesn’t set off alarm bells about how the sick and disabled are increasingly being looked upon not only as burdens (to themselves, families, and society), but potential objects for exploitation, what will?  A disabled woman was killed, even though people with locked-in states often adjust over time to their disabilities and are happy to be alive. Indeed, the book The Diving Bell and the Butterfly-written by–Jean-Dominique Bauby–tells just such a story. [snip]

[snip]
The day before the euthanasia, the patient expressed her will of after-death organ donation. The ethical and legal possibility of combination of the two separate processes, physician-assisted suicide and after-death organ donation was then considered and agreed by the institutional ethical committee president. The intravenous euthanasia procedure was performed according to the regular protocol, in the presence of the patient’s husband, in a room adjacent to the operative room. The patient was in her regular hospital bed. No member of the transplant team was present during the euthanasia. When the patient’s death was declared by three independent physicians after 10 min of absence of cardiac activity, her cadaver was placed on the operative table. The liver and both kidneys were harvested and transplanted according to the regular Eurotransplant organ allocation rules for after-death organ donation. Currently, more than 1 year later, all three recipients are enjoying a normal graft function. [snip]

We should confine this to those with the ethics of Stalin and Hitler: the Left.
They’re the Progressives voting for this at the same time screaming for the Suicide Prevention Hotlines.

The EU is undergoing the bombardment now; WE’RE next! OPM is DEAD!

When Other People’s Money runs out

Its culture of self-sufficiency, always at risk in a welfare state, broke down. In the U.S., too much credit and too little regulation revealed the flaws of our form of capitalism.
[snip]
Unlike capitalism, collectivization runs riot at a snail’s pace in democracies. But there, too, culture broke down — the culture of self-sufficiency, which is always at risk in a welfare state. And just as they did here, people there spent more than they earned, even if their governments did the borrowing and spending for them. In both places, elected leaders are loath to let creditors take a bad haircut for fear of dragging the entire system down. [snip]

Attitudes toward lenders, who in both Europe and the U.S. seem at last to have awakened from their greedy trance, are remarkably parallel. Over here, people are mad at bankers and investors for lending us so much in the first place. And over there, anger arises because lenders are increasingly unwilling to lend at all, potentially leaving Greece and God knows who else unable to finance their deficits. It’s remarkable that in both capitalism and socialism, the trouble is the same: Sooner or later you run out of OPM.

If the recent American financial crisis filled our European frenemies with delicious Schadenfreude, it now seems that it’s our turn to take pleasure and say “I told you so!” [snip]

U.S. Debt Shock May Hit In 2018, Maybe As Soon As 2013: Moody’s

http://www.investors.com/NewsAndAnalysis/Article.aspx?id=532490
[snip]
The key data point in Moody’s view is the size of federal interest payments on the public debt as a percentage of tax revenue. For the U.S., debt service of 18%-20% of federal revenue is the outer limit of AAA-territory, Moody’s managing director Pierre Cailleteau confirmed in an e-mail.

Under the Obama budget, interest would top 18% of revenue in 2018 and 20% in 2020, CBO projects.

But under more adverse scenarios than the CBO considered, including higher interest rates, Moody’s projects that debt service could hit 22.4% of revenue by 2013.

“While we see limited risk of a U.S. sovereign debt downgrade in the next 2-3 years, beyond that we cannot be so certain,” wrote Societe Generale’s economics team in a recent report. [snip]

The U.S. economic recovery is on shakier ground.

The growing European debt crisis has sent stock markets on a wild ride. A weaker European economy could sap demand for U.S. exports and hurt sales by U.S. companies in Europe. U.S. banks that hold European government debt also could cut back on lending to conserve cash.
“The perception of risk has just changed in a major way,” said Mark Vitner, senior economist at Wells Fargo Securities. “Business leaders now think there is more risk in the world economy than they did 30 days ago.”

Half of U.S. Home Loan Modifications Default Again

March 25 (Bloomberg) — More than half of U.S. borrowers who received loan modifications on delinquent mortgages defaulted again after nine months, according to a federal report.

The re-default rate of loans modified in the first quarter of 2009 was 51.5 percent by the end of the year, the Office of the Comptroller of the Currency and the Office of Thrift Supervision said in a joint report today. The figure, which measures payments at least 30 days late, climbed to 57.9 percent for changes made in the prior 12 months. [snip]

The Democrats during Carter and Clinton Regimes insisted banks lend to borrowers that could not meet normal borrowing requirements. The Congress kept this policy ongoing and thwarted Bush’s attempt to change the program.

Modifications are “clearly not working well and it’s not a surprise,” said Sam Khater, a senior economist at First American CoreLogic in Tysons Corner, Virginia. “It’s pointless to rewrite these loans because they’re underwater.”

Socialism doesn’t work.
One cannot run a State/Country on OPM without requiring repayment of all that money at interest on time.
Only very high taxes on every citizen of the population can give “free” benefits to the recipients of that entity. No exceptions!

 Watching Obama, Congress and Geithner fumble with the economy is watching The Clown Porn Channel, replete with sex toys like the slapstick and seltzer douche.
Everybody has red bulbous noses, and the guys are wearing socks, even Pelosi, just like the old blue movies.

U.S., U.K. Move Closer to Losing Rating, Moody’s Says

March 15 (Bloomberg) — The U.S. and the U.K. have moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debt rose, according to Moody’s Investors Service. [snip]

Under the ratings company’s so-called baseline scenario, the U.S. will spend more on debt service as a percentage of revenue this year than any other top-rated country except the U.K., and will be the biggest spender from 2011 to 2013, Moody’s said today in a report.

“We expect the situation to further deteriorate in terms of the key ratings metrics before they start stabilizing,” Cailleteau said. “This story is not going to stop at the end of the year. There is inertia in the deterioration of credit metrics.” [snip]

Oh yeah, there’s a whole lotta rogering goin’ on, mostly to the audience by the cast and crew.

If you think this will improve you stock and bond holdings, be my guest and start buying.
Monday when this news touched the markets, the effect was immediate.
A rebound came as buyers picked up some fast bargains; the fat lady is definitely finished gargling and heading for the stage.

Germany tells Greece: CLEAN UP YOUR ACT!
The Greek unions go on strike, they protest, the Commies scream in the streets and the Government tells them tough, we’re bankrupt; there is no money. We do this or NO EU help.
Who would have thought the Germans would be so er rigid?

How much longer do you think it will beuntil Hu Jintao says the same thing to Obama: CLEAN UP YOUR ACT!
What does that mean for YOU?

That is the difference between being a creditor and a debtor.
Debtors GET TOLD what to do!

Faber and Mish:
We’re Doomed and Washington Can’t Do Anything About It

Washington is patting itself on the back for having orchestrated an amazing economic recovery. But Washington lawmakers are a delusional bunch of boneheads, say Marc Faber and Mike “Mish” Shedlock, editor of the Gloom, Boom, and Doom Report and investment advisor at SitkaPacific Capital Management, respectively.

The economy is NOT recovering, they say, and the U.S. faces a depressing “eventuality” of either crushing deflation (Shedlock) or runaway inflation (Faber). The timing and type of this eventuality is uncertain, say the gurus, but they are certain it’s too late for America to change course.(emphasis added)

“It’s beyond repair — it’s too late,” to avert fiscal disaster, Faber declares.

Mish agrees: “The day of reckoning has arrived. The question is how long it takes to play out.”

This grim outlook doesn’t mean you’re helpless. Faber recommends individuals prepare for doomsday by buying gold, owning assets abroad and buying property outside of major cities.

Click here to see more from Faber and Mish:The Great “Inflation Debate or Deflation?” Debate: Mish vs. Dr. Doom

Marc Faber: Don’t Expect Another Crash … Bernanke Won’t Allow It

The Bamster won’t be buying you houses or putting gas in your cars. He will be destroying what capital you have and value held in currency, bank accounts and bonds.

Don’t forget what he said before he was elected; he thought that the Constitution was a bad document, since it prevented the Government from redistributing the wealth, your money.

You can phrase that any way you like use nice terms or not, but it comes down to taking your property away from you and giving it to someone else.

The MSM in this country is so busy gargling with the fluids from the septic tank of diversity and multiculturalism that they dare not report on what is happening in Europe.
Particularly, the Netherlands, which is demonstrating how to cut it’s own head off via Politically Correct actions, is far down the road to Islamofication.

In America, the farcical pretender Presidency caroms off fits and mis-starts like a polygonal cue ball. Perhaps this youtube can get the Progressive fools to turn their heads forward.
Multiculturalism is a LIE; it never was anything but a LIE!

From American Digest:

Condell gets you up to speed on the shameful trial of Geert Wilders in the Netherlands. His “crime”? Speaking the truth about Islam in Europe.

There is always something “new” under the, er well new — if you want it. Leave it to the European Libs!

The Incredible Edible Anus

Maybe Barney Frank sends these? I haven’t a clue who else would.

From Berlin where one year ago The Messiah thought he could “RULE the WORLD”

The World Bids Farewell to Obama

US President Barack Obama suffered a painful defeat in Massachusetts on Tuesday. With mid-term elections looming, it means that Obama will have to fundamentally re-think his political course. German commentators say it is the end of hope. [snip]

Mr. Messiah! Don’t let the door hit you in the ass!

Here is something Obama and his minions  love. Coming to a Country NEAR you!

Remember, HE said the Constitution was problematic, restrictive in HIS ability to redistribute wealth as HE saw fit.

In addition to reading the Magna Carta, read the U.S. Constitution as WRITTEN, not as you’d like it to be. This COUNTRY didn’t get to this point in time with the Constitution as you’d LIKE it written.

No PC language, evil taxes or internal passports in the Magna Carta to the dismay of the King.

Emphasis in quoted text mine.

It’s a return to the Star Chamber as Europe finally tramples Magna Carta into the dust

If you have a spare evening, read the Magna Carta. It is a restraining document. What leaps out from the pages of Langton’s text is the intent to protect subjects from overweening authority (in this case, Norman-French despotism), by restoring ancient freedoms.

By Ambrose Evans-Pritchard
Published: 6:18PM GMT 06 Dec 2009

I have a copy dated MDCCLXVI (1766) left to me by my father, and to him by his father. The customary law is Saxon, Celtic, even Visigoth.

“All men in our Kingdom have and hold the aforesaid liberties and rights, well and in peace, freely and quietly, fully and wholly, for ever.”

“No free man shall be taken or imprisoned, or outlawed, or exiled, or in any way destroyed, unless by lawful judgment of his peers.”

“No constable or bailiff shall take another man’s corn or chattels without immediate payment, nor take any horses or any man’s timber for castles.”

“Any one may leave the Kingdom and return at will, unless in time of war, when he may be restrained for some short space for the common good”.

Here is a nice one, as the Square Mile falls under the control EU authorities with “binding powers”.

“The City of London shall have all its ancient liberties and free customs.” Merchants should be free from “evil tolls”.

The founding texts of the English Constitution – charter, petition, bill of rights – have one theme in common: they create nothing. They assert old freedoms; they restore lost harmony. In this they guided America’s Revolution, itself a codification of early colonial liberties.

Europe’s Constitution – the Lisbon Treaty, as we know it – began as a sort of Magna Carta. EU leaders agreed at Laeken in 2001 that the Project needed restraining after Danes and Swedes rejected EMU, the Irish rejected Nice, and youth torched Gothenburg in anti-EU riots.

People do not want Europe inveigling its way into “every nook and cranny of life”, they said. Needless to say, insiders hijacked the process. A Hegelian monstrosity emerged. The text says much about the heightened powers of EU bodies, but scarcely a word to restrain EU bailiffs and constables.

The Charter of Fundamental Rights – legally binding in the UK as of Tuesday, when Lisbon came into force – asserts that the EU has the authority to circumscribe all rights and freedoms.

The text was modified after I threw a tantrum in the Daily Telegraph during the drafting process, comparing it to the “general interest” clause used by Fascist regimes to crush dissent in the 1930s.

Article 52 now reads: “Subject to the principle of proportionality, limitations may be made only if they are necessary and genuinely meet objectives of general interest recognised by the Union.”

Don’t be misled by this inverted wording. What it states is that the EU may indeed limit rights in the “general interest”. In other words, our Magna Carta has been superceeded. [snip]

There’s more, scary more. Read the rest of Prichard’s Column.

Obama wants to take this Country in the same direction with total control of Energy, Health Care and Public Education. He got the auto and financial industries as an early bonus. Under his controls, they are STILL a shambles, which works for him. More people on welfare/foodstamps/UI means more voters DEPENDENT on the government to survive. That easily becomes do as we say or else, benefits are gone.

I’ve saved this since before Christmas; time to post it is now!

He’s smiling because he’s on a different tour bus!