Government Motors Pays Back Bailout Loan....Not Quite

This is an e-mail I received just the other day from GM.

Dear.....

We value and appreciate your loyalty more than anything. We are proud to announce we have repaid our government loan – in full, with interest, five years ahead of the original schedule. We realize we still have more to do. Our goal is to exceed every expectation you've set for us. We're designing, building and selling the best cars and trucks in the world. Like the award-winning Chevy Malibu, the all-new Buick LaCrosse, the versatile Cadillac CTS Sport Wagon and the innovative GMC Terrain, just to name a few. As we move into the future, we're thankful to have loyal owners like you. We invite you to learn more about the new GM and join our community, by visiting gm.com. And once again, thank you for your support.


Susan E. Docherty
Vice President, U.S. Marketing

Wow, that is great! They have paid back all of that $49 billion in what, just over a year. Well, when I read that I called Bravo Sierra. I look around and just could not find how they had supposedly accomplished this feat. I mean, have they really been selling that many cars? Well, looking further it seems that they paid back government money with government money and is applying for more government money with less interest....only in America! Take a look at this article and see how they still are Government Motors.

The U.S. taxpayers own 60.8% equity in GM and Canada owns another 11.7%. Now if we could only get Mexico to pony up the remaining 27.5% we could call the company North America Governmet Motors. We could have the vehicles built in Mexico, so they would have cheap labor, oh wait, we can still have them built in Detroit and ship the illegals there to build them. There is plenty of homes available in Detroit with some going for a dollar. This would help Detroit to start over again and help them out of the financial mess they are in. Oh, but if the illegals took the jobs, where would all the Americans out of work there get jobs?

Sorry for the rant, but this crap has got to make you mad. The CEO of GM is touting the payback and nobody in the MSM is even researching how they got the money to pay back the loan. The MSM just follows the White House crap of lies and does not do any investigating. And they call themselves journalists? People, we need to start questioning things like this and also letting others know that things like this are just a bunch of lies uh, I mean mistruths. They keep on spewing this crap and the sheeple buy it because they have no idea how to find the truth. They still think these journalists are reporting the truth but we need to tell them otherwise. Get out and spread the truth while we still can. If we don't start telling the truth we will not be able to take back America.

ClimateGate!

There is a move to push a Cap and Trade Bill (or as I like to say Crap and Tax) by our government officials. Watch this and maybe get this guys book Climategate by ordering it thru Amazon. I know I plan on reading it so I can talk about the global warming scam with some facts. This Crap and Tax bill will be moving significant wealth from wealthy nations to those nations less fortunate. Enjoy this video...and order the book!

Harrisburg, PA. To Consider Bankruptcy

The city of Harrisburg is in trouble. According to this report they have missed $6 million in debt payments since Jan. 1. The city controller told a special committee that they should consider filing Chapter 9.

I blogged about things like this happening a few days ago, except with states instead of cities. What will happen to the credit of Harrisburg? Oh, it was already lowered to the B2 level,  by Moody's, which is five levels below investment grade. How many people are going to want to invest in this city? Not many if I had to guess.

"Susan Brown-Wilson, the head of the council’s Budget and Finance Committee, said she supports a bankruptcy filing because the state oversight process is too time-consuming, and would require a tax increase that Harrisburg can’t afford. Bankruptcy might be the best option,” she said. “This city is so indebted there’s really no way out."

Well, here is the options:
1. declare bankruptcy or
2. raise taxes to the people that can't afford things now.

Either way, there will likely be a decrease in city services to help lower city costs. That will mean less firefighters, less cops, less garbage collections, closures of parks, less lights on for baseball games for the city league, closures of city offices to save money on utilities, less people wanting to relocate, less new businesses, increased taxes on EVERYTHING, increased water and sewer bills, more crime, higher response times of emergency services and government officials still keeping their inflated salaries.

I predict Harrisburg won't be the only city or state that will face this predictiment. Mark my words, we are not "climbing out of the recession" as the toutTV is reporting. Hold on, it will get rougher.

So What Will It Be Like If Our Economy Really Tanks?

Have you given much thought to what it would be like if we had a real economic depression. Not one that is being covered over by the Fed with monopoly money, but when the Fed has run out of money and no one wants our IOU's. Look at what is happening in Detroit. There is 40-50% real unemployment, homes selling for a dollar, 33,500 homes for sale, 91,000 residential lots for sale and a city government that has a deficit of $300 milion. The city also wants to bulldoze 25% of the city!

What about California?  Unchecked drug dealing, high percentage of illegal immigrants, tidal wave of unemployment, budget deficts, crime, and forclosures.

Even the big apple is being hit with a violent crime wave. Murders up 22%, shootings up 14%, and packs of gun weilding youths causing terror even on Easter day. "Yet the return to New York of atrocity-filled front pages has helped to fuel speculation that a golden age of crime-fighting may be coming to an end as long-term unemployment and economic pressures turn more people to crime."

We all need to have a plan for when, I mean if...no I mean when, the economy collapses. If you think the Fed can continue to prop up the stock market, the banks, housing, auto and appliance industry, main street USA and continue to pay the millions of people unemployed you are delusional. Remember they are also taking over health care which won't be cheap. You need to prepare for your family or you will be refugee's. What will you eat and drink? Do you have food stored and a way to prepare it? Do you think water will still come out of your faucet? Maybe it will, but will the city have the chemicals to make it safe to drink. Do you have a water filter like a Katadyn and know how to use it? How will you protect what you have? There will be people that will want your food, your property, your clothes, your electronics, plasma TV, your vehicles (or more likely the fuel in it) and I hate to say it, but they may want your wife and children. There will be roving hoards with guns and ammo just like there is currently in New York city. Do you have weapons (I like Glock pistols) and have practiced with them? Are they reliable? Do you have ammo for them? If you don't, how will you protect your family and whatever food and water you have stored? Don't plan on living a life you are accustomed to. Power may be limited if available at all. This means you won't have lights, radios, TV's, or Heat/Airconditioning. Take a moment right now and look around you. What do you see that won't be there if you don't have electricity? Can you live right now without power for a week? How about for a year? Don't think that could happen, what do you know about EMP's? Here is a great book about life after an EMP. My wife read it and said it opened her eyes.

Now is the time to think about survival for your family. It can be an overwhelming thought, but if you start a little at a time, it can be done. Well, I'm not sure it is ever done, but whatever you do now, will help you if TEOTWAWKI does happen. I am adding a link to my blog for survivalblog. Look in theirIt is rich with information and will be a great place to start learning. I will be starting to post more about survival prepardness to try and help you as well. I will post about food storage, water treatments, weapons and gear needed to help you and your family survive.

I'm not trying to scare anyone, but if this means that you are motivated to get somethings done that will keep you alive, so be it. I will continue to post about the economy, housing, banking, etc.

Keep you eyes open.

Revolution For The U.S.?

Take 12 minutes out of your day and watch this video. It is from Gereld Celente who is the CEO of Trends Research Institute. He is convinced that we are heading into "The Greatest Depression". He paints a picture which is alarming and sobering at the same time. Now, some mught think he is just another "doomer", but he has been spot on several times in the past about the ecomomy. Considering how many times in the past he has been correct, what he has to say here is frightening. Pay attention to what he is saying. I would advise you keep your eyes open and start reading about what is heading our way and start preparing for it.

April 23, 2010 Bank Closures

Well it is Friday and 7 more banks were closed.

1. Amcore Bank, National Association, Rockford, Illinois, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $220.3 million.

2. Broadway Bank, Chicago, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation — Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $394.3 million.

3. Citizens Bank&Trust Company of Chicago, Chicago, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation — Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $20.9 million.

4. New Century Bank, Chicago, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation — Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. he FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $125.3 million.

5. Lincoln Park Savings Bank, Chicago, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation – Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $48.4 million.

6. Peotone Bank and Trust Company, Peotone, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation – Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $31.7 million.

7. Wheatland Bank, Naperville, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation – Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $133.0 million.

Interesting is that all banks closed today were in Illinois. There have been a total of 57 banks closed in America this year and 10 of these have been in Illinois. How's that for you...17.5% have been in this state. Maybe along with corrupt politicians there are corrupt bankers.

The year-to-date loss to the FDIC or lets say "WE THE PEOPLE" is $9.190 billion and still counting.

Greece Debt Problems Worsening

I don't know if you have been following the Greece Debt Issues  that have been occuring, but if you haven't you probably should as it may be where America is heading. There have been a lot of similarities between both countries.
Eurostat, a statistics company, raised Greece's budget deficit by 0.7% to 13.6% for 2009 due to "a reservation on the quality of the data reported by Greece." Eurostat also said the their data could be revised further.

"Markets were shocked last fall when the government announced that the previous conservative Greek government had issued misleading financial data for years."

I'm glad that our government would not submit false or misleading data. Oh wait, they have.

"News of the revised figures sent Greece's borrowing costs shooting up to new record highs."
Hold on folks if this happens here in America.
"It said the new figures showed the scale of Greece's financial troubles, which it blamed on mishandling by the previous, conservative government."
Where have I heard that? It seems everyone wants to put the blame on some one else...can you say lack of personal responsibility?

"Greece is struggling to cope with a debt of euro300 billion ($406 billion) and needs to borrow about euro54 billion this year alone."
We have a Federal deficit of $1.4 trillion just this year.

Look what happens when things like this happen...

"Civil servants staged a 24-hour strike Thursday against austerity measures and expected job cuts by Greece's crisis-plagued government, and the EU's statistics agency said the country's budget was even worse than previously thought."

"The strike disrupted public services, shut down schools and left state hospitals working with emergency staff. Protesters from a Communist-backed trade union blockaded Athens' main port of Piraeus, disrupting ferry services."

Be ready folks and watch what is happening in Greece as you may be seeing a preview into America's future, but ours will be significantly worse.

33 States Out Of Money For Jobless Benefits

Things don't look good!

"A total of 33 states and the Virgin Islands have depleted their funds and borrowed more than $38.7 billion"...

Thirty-three states have been relying on the federal government to pay the jobless benefits. But, the CONgress just extended benefits for the unemployed and the President signed it which extended it, through Memorial Day 2010. Now this is an additional $18 billion which we don't have, but I guess we can print some more. How many times will CONgress extend these benefits? As sad as it may seem, we need to stop these payments and let people start working.

"The nation's financing system for jobless benefits is under unprecedented stress," said Andrew Stettner, deputy director of the New York-based advocacy group for the unemployed.

I would say this is an understatement. The article mentions that at the beginning of the recession only 19 states had the recommended level of funding.

"The current crisis should compel policy makers to forge a new path to forward financing of the unemployment insurance program," Stettner said. "As the broke funds of 33 states makes clear, unemployment insurance reserves need to be stocked up before recessions hit so that states are prepared."

Unemployment insurance is paid by employers. If the employers costs increase, these costs will be passed on to the customers through higher prices. Higher prices means inflation. Get prepared.

Friday Bank Closures - April 16, 2010

1. The Federal Deposit Insurance Corporation (FDIC) approved the payout of the insured deposits of Lakeside Community Bank, Sterling Heights, Michigan. The FDIC estimates the cost of the failure to its Deposit Insurance Fund to be approximately $11.2 million.

2. TD Bank, National Association (N.A.), Wilmington, Delaware, acquired the banking operations, including all the deposits, of three Florida-based institutions. To protect depositors, the Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement with TD Bank, N.A.

The institutions were closed by their respective chartering authority, and the FDIC was named receiver for each institution. AmericanFirst Bank, Clermont, was closed by the Florida Office of Financial Regulation; First Federal Bank of North Florida, Palatka, was closed by the Office of Thrift Supervision; and Riverside National Bank of Florida, Fort Pierce, was closed by the Office of the Comptroller of the Currency. The three failed institutions were not affiliated with one another. The FDIC and TD Bank, N.A. entered into a loss-share transaction on $2.20 billion of the failed institutions' assets. Initially, TD Bank, N.A. and the FDIC will share in the losses on assets on a 50% - 50% basis. (So to me it looks like $1.10 billion loss for the FDIC).

3. Butler Bank, Lowell, Massachusetts, was closed today by the Massachusetts Division of Banks, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with People's United Bank, Bridgeport, Connecticut, to assume all of the deposits of Butler Bank. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $22.9 million.

4. Innovative Bank, Oakland, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Center Bank, Los Angeles, California, to assume all of the deposits of Innovative Bank. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $37.8 million.

5. Tamalpais Bank, San Rafael, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $81.1 million.

6. City Bank, Lynnwood, Washington, was closed today by the Washington Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $323.4 million.

So another six financial institutions bite the dust this week. Did you here about it on the news? Of course not. Move along sheeple, nothing here to see...other than the total of these bank closings now toatal $8.216 billion to "We The People".

The total number of bank closings thus far is 50 for the year.

Double Dip In Housing Market Predicted

Merideth Whitney predicts a double dip in housing market.

Maybe she has been reading or hearing things like this and that has got her concerned.



According to the WSJ video clip, major banks masked their risk levels during the most recent five quarters by lowering debt levels just before announcing quarterly earnings, according to data from the New York Federal Reserve Bank.

Sign Of Hyperinflation

Well, let's hope we don't see anything like this here in America. I think we will be seeing hyperinflation, but I hope not to the degree they have seen in Zimbabwe. Look at this link to see what can happen with hyperinflation out of control.

Actual GDP

Now, check out that graph. In 2001 we went through a recession. What is interesting is the drop in GDP corresponds to that exact time frame. At the same time you can see the deficit spending started to increase. Now what I find interesting is look at 1/1/95 and you will see all three lines trending down during that small recession. They then started trending back up about a year later and continued up for about a year until 1/1/97. Fast forward to 1/1/2001 and we see that when the federal deficits increased at a faster rate, the nominal and actual GDP decreased. In 1/1/2002 the nominal GDP started to improve, but the actual GDP continued to slide down for about another year. Beginning about 1/1/2003 the lines continued on about the same course until 1/1/2008 when things took a drastic change. What I want you to pay attention to, that I found interesting, was what happens about 1/1/09. At this time the nominal GDP started to become an upward slope while the actual GDP continues down. Now if you remember we saw the same thing in 2002. Look at the slopes, even they look similar to what is happening now, but the real difference is the deficit spending as it increased at a sharper rate than before. The actual GDP has dropped over 12%. This will be hard to recapture anytime soon with the deficit spending that is occuring now. Hold on, I don't think we are done yet....hope I'm wrong though.

Recession Not Over...Really?

Committee Reluctant to Mark End of Recession

I don't have a subscription to the WSJ, but what I read hear sounds like the NBER doesn't feel like the recession is over. Here is a quote...
"Although most indicators have turned up, the committee decided that the determination of the trough date on the basis of current data would be premature."

Makes you want to say...hmmm.

Con Job By The FED?

It was a con job by the FED and Congress didn't wqatch out for the interest of the American people! Time to vote them out. Dylan Ratigan explains it well.

Just For Your Amusement

Thought you would find this interesting. You may not be able to understand the language, but watch the magic which is easy to understand.

Enjoy...

Friday Bank Closures

Well, we didn't have any last Friday because it was Good Friday and the FDIC was probably closed. Today we saw Beach First National Bank, Myrtle Beach, South Carolina, closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $130.3 million.

The total to the taxpayers so far this year equals $6.640 Billion.

Nationalizing The Oil Industry?

Well, it seems Maxine Waters, Democrat from California, wants to SOCIALiz....I mean take over the oil industry.  I don't think it was a slip of tongue but more of what and how they think. They have their hands in GM (government motors), the banking industry bailout, the housing market (think fannie and freddie), the stock market, and now health care. Give them long enough and they will nationalize the oil industry like Russia, Cuba and Venezuela.

Watch this short video and cringe....

Who Is Paying Taxes - Part II

Who is paying taxes

Well here is new data about who is paying taxes, some of which is quite concerning.

About 47 percent will pay no federal income taxes at all for 2009!!

Here are some disturbing points:

...a family of four making as much as $50,000 will owe no federal income tax for 2009...

Less noticed were tax cuts for low- and middle-income families, which were expanded when Obama signed the massive economic recovery package last year.

The result is a tax system that exempts almost half the country from paying for programs that benefit everyone, including national defense, public safety, infrastructure and education.

The bottom 40 percent, on average, make a profit from the federal income tax, meaning they get more money in tax credits than they would otherwise owe in taxes. For those people, the government sends them a payment.

In 2007, about 38 percent of households paid no federal income tax, a figure that jumped to 49 percent in 2008, according to estimates by the Tax Policy Center.

But income tax rates were lowered at every income level. The changes made it relatively easy for families of four making $50,000 to eliminate their income tax liability.

Here's how they did it, according to Deloitte Tax:


The family was entitled to a standard deduction of $11,400 and four personal exemptions of $3,650 apiece, leaving a taxable income of $24,000. The federal income tax on $24,000 is $2,769.
With two children younger than 17, the family qualified for two $1,000 child tax credits. Its Making Work Pay credit was $800 because the parents were married filing jointly. The $2,800 in credits exceeds the $2,769 in taxes, so the family makes a $31 profit from the federal income tax. That ought to take the sting out of April 15.

As I said before, when you get half the people in a nation that do not pay for any services that the nation provides, the system will never change. Why would anyone who is receiving benefits from the government want to change the system. The national debt will continue to rise and it will cost those of us that pay taxes more. Our "share" of the cost of government will go up!

Tell Me Something I Don't Know, Ben

Well, Big Ben is telling us the obvious, but to many sheeple it may be a surprise.

U.S. economy still faces significant headwinds

"We have yet to see evidence of a sustained recovery in the housing market," he said.
No kidding, you are right on this one.  What about the CRE (commercial real estate) market Ben, why not tell people we haven't seen that recovering either and it still is slipping down.

"Many Americans are still grappling with unemployment or foreclosure, or both," Bernanke said.
Yep, right again Ben. Underemployement at about 20%, I'd say they are still grappling. Maybe they are trying to hold on for dear life.

"...the Fed chairman saw no immediate reason to be worried about inflation..."
I would disagree here. Inflation is coming!

Bernanke said the Fed's ability to prevent future crises will hinge in part on the development of a resolution authority that would allow regulators to break up or wind down large financial institutions that run into trouble in an orderly fashion.
A regulation authority? Isn't that what we call the FDIC? Whether they are a large or small financial institution they should all follow the same rules.

It is funny though, Ben is saying one thing to the Dallas Chamber, but Tout TV/media is saying all is well and we are on an economic recovery. Go figure!

North Korea sentences US man to 8 years of hard labor

This was a teacher that crossed into North Korea.  He gave no reason as to why he crossed into North Korea, but some speculate that he was there to protest.  Whatever the reason, apparently N. Korea has laws they follow and he should have known their laws. My point is that America is the only Country that you can cross into illegally and the worst thing that happens to you is you are deported.  Maybe if we had a little stiffer penalty or fine, there would be less people wanting to come here illegally.

The fourth U.S. citizen to be detained

Where's My Free Health Care?

You knew it would not take long for people wanting their free heath care coverage. According to this article, it has started.

Where do we get our free heath care?

I think we will continue to see this happening. I want to see what people will do when they find out it isn't going to free...well, maybe I don't want to find that out.

Happy Easter

NIV Holy Bible


Matthew 27:50-53

And when Jesus had cried out again in a loud voice, he gave up his spirit. At that moment the curtain of the temple was torn in two from top to bottom. The earth shook and the rocks split. The tombs broke open and the bodies of many holy people who had died were raised to life. They came out of the tombs, and after Jesus' resurrection they went into the holy city and appeared to many people.(NIV)

Here Is Our Answer To The Tax Quagmire

If you take the time and read with an open mind you will see that The Fair Tax is the answer. Here are some facts about The Fair Tax.

Taken from their website http://www.fairtax.org/

• Enables workers to keep their entire paychecks
• Enables retirees to keep their entire pensions
• Refunds in advance the tax on purchases of basic necessities
• Allows American products to compete fairly
• Brings transparency and accountability to tax policy
• Ensures Social Security and Medicare funding
• Closes all loopholes and brings fairness to taxation
• Abolishes the IRS

Here are a couple videos that will help explain The Fair Tax.





Take some time and learn about The Fair Tax then spread the news...

Who Is Really Paying Taxes

Does anyone have any idea who is paying taxes. Yes, we all file our IRS return by April 15th. and pay taxes through our paychecks, but have you ever thought who else is paying taxes and how much they pay?

What if I tell you that the top 1% wage earners pay over 40% of all taxes collected. What about the top 5%, 10%, or 25%. Let me tell you, the top 25% pays over 86% of the taxes and the top 50% of wage earners pays over 97% of the taxes. Have you done the math yet...that means the bottom 50% of wage earners pays less than 3% of the taxes.

Now, what if I told you the top 25% wage earners AGI (adgusted gross income) is $66,532 and the AGI for the top 50% is $32,879.

I want you to look at this link which shows data through 2007. If you look back, you can see that in 1999 the bottom 50% was paying 4% but eight short years later the same lower 50% is paying only 2.89%.

What I see here is that we have 50% of the wage earners that are paying less than 3% of the taxes. If this decline continues, which it has been at least for the last 8 years, 50% of Americans will be paying no taxes within a few years. When that happens, more than 50% of the people are not paying for any government services. This means if a politician running for president campaigns on "reducing government" there will be 50% or more that will not want to see that person elected. This means less and less people will be incurring the cost of government, and those that are paying will be paying more. And, as we already know, government does not get smaller. It will need to get bigger and bigger as more and more people will rely on the government for entitlement programs. This equals SOCIALISM. The definition of Socialism according to TheFreeDictionary.com is; Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy. or; an economic theory or system in which the means of production, distribution, and exchange are owned by the community collectively, usually through the state. It is characterized by production for use rather than profit, by equality of individual wealth, by the absence of competitive economic activity, and, usually, by government determination of investment, prices, and production levels. Compare Capitalism. 

I don't believe we have much longer to get our country back. We need to spread the news, news like this, to our friends and family or we will not recognize America. As many of the people that know me know that I'm an outdoor kinda guy. I like camping and hiking so I visit many websites pertaining to these interests. There is a term, or acronym, that is used on some of these sites called TEOTWAWKI. This stands for The End Of The World As We Know It. There is another one, TSHTF, which means The Stuff Hit The Fan (I'm keeing this PG-13). Well, I have another one that I have not seen used yet. It is TEOAAWKI. This stand for The End Of America As We Know It.

Friends, TEOAAWKI is approaching. If you don't want to see TSHIF, you better start paying attention, reading, learning and start talking to your friends and family and letting your elected officials know you are watching everything they are voting on. If you are unable to do all of these, you better start preparing. A good book to read would be Patriots, by James Wesley Rawles. In this novel you will see what can happen during TEOAAWKI. Let me ask you this...what would you do to feed your family if TSHTF? Because, the other guy is willing to do more, including things you may not even think about (or want to think about). If you don't believe me, read about what post-Katrina was like...and that was just a big, bad hurricane which only affected a small area of the country. If I remember, there was lawlessness, even some law enforcement officers were caught on camera looting,there was looting/theft, rape in the refugee camps, confiscation of firearms from law abiding citizens, seperation of families during evacuations, beatings, mobs/gangs controling areas, just to name a few I can remember reading about. Here is a link that describes some of the autricities which happened. Well, what I'm talking about is the whole country in chaos! Some of you right now are thinking I've gone off the deep end, well show me statistics from reputable sources to say I'm wrong. Show me statistics that say we are not heading down a hole we can't climb out of. If you don't think it can happen to a country...think Greece, USSR, Argentina, Zimbabwe...Rome, to name a few.

My next post will show you how we might me able to turn this around.

Keep your eyes and ears open....

April Unemployment Numbers

Well, you may have heard President Obama on ToutTV telling us that we had positive numbers on the recent Unemployment for April 2010.

Our government reports the U3 number. This is the 9.7% that is being reported today. If you want to see a real picture, you should look at the U6 number.

The classifications are:

U1: Percentage of labor force unemployed 15 weeks or longer.
U2: Percentage of labor force who lost jobs or completed temporary work.
U3: Official unemployment rate per ILO (International Labour Organization Definition. The International Labour Organization (ILO) is the tripartite UN agency that brings together governments, employers and workers of its member states in common action to promote decent work throughout the world.
U4: U3 + "discouraged workers", or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.
U5: U4 + other "marginally attached workers", or "loosely attached workers", or those who "would like" and are able to work, but have not looked for work recently.
U6: U5 + Part time workers who want to work full time, but cannot due to economic reasons (underemployment).

So, as you can see if you look at the U6 nuimber it includes ALL persons who would like to be working full-time. We could call the U6 unemployed and Underemployed. Now I'm not saying that this administration is not telling the truth. Like the previous administrations they are only reporting the U3 numbers which only report some of the truth. And yes, we follow the guidelines of reporting the U3 per the UN definition.

Here is another chart from ShadowStats.com that reports the U3 and U6 numbers.



Their chart is not as promising...

Rep. Phil Hare..."I Don't Care About The Constitution"

To be fair, here is Congressman Hare's reply.



I'll leave it to you to decide...

Watch The Fed On Monday

I just found this on another site. Advance Notice of a Expedited Meeting .  I wonder why they need an expedited meeting? Advance and discount rates charged by the Federal Reserve Banks, hmmm.

What is the discount rate? According to the NY Fed: "The discount rate is the interest rate that an eligible depository institution is charged to borrow funds, typically for a short period, directly from a Federal Reserve Bank. By law, the board of directors, of each Reserve Bank sets the discount rate independently every fourteen days subject to the approval of the Board of Governors. Originally, each Reserve Bank set its discount rate to reflect the banking and credit conditions in its own District. Over the years, the transition from regional credit markets to a national credit market has gradually produced a national discount rate. As a result, the Federal Reserve maintains a uniform structure of discount rates across all Reserve Banks. For more information on the discount rate, see The Federal Reserve System: Purposes and Functions on the Board of Governors' web site.

Okay, the primary rate is currently set at 0.75%. I don't see the Fed lowering this rate any further, so if it's not going down, then....but I also can't see the Fed raising the rate as this would tighten down further lending from it's banks.

Keep your eyes open on Moday at 11:30 AM.

Guam...Capsize?

Okay, I have to admit I didn't know where to put this. Should I put it under the heading of Politics or Humor?

This is an elected official, Rep. Hank Johnson from the State of Georgia who is addressing the Commander of the United States Navy Pacific Fleet, Adm. Robert Willard, during a House Armed Services committee hearing of budget matters. The Navy is proposing to add 8000 service members and their famlies to the island.

Watch what Rep. Hank Johnson has to say at about the 1:18 minute point on the video. Then watch the expression of the Admiral.



This is not an April Fools Joke! He actually thinks that adding some people to the island that it could tip over and capsize. Did you see the Admiral holding back the "laugh". He was probably thinking, "I left my office to be questioned by this guy?"

These are the people that are making the decisions for our Country?