Don't let the hype and scare tactics fool you

From The Silicon Grey Beard....
http://thesilicongraybeard.blogspot.com/2013/02/sequestration-fun-facts.htm
Original info here... 
http://mercatus.org/publication/federal-spending-without-sequester-cuts 

Data from the Congressional Budget Office...

Bottom line...






This pretty much says it all....

Expect Recession in 2013

This is being reported by a left-leaning, Obama praising media organization. 

Tangibles
Prepare
Pray

Debt Ceiling Eliminated

Well, not yet....but it is coming.

Now, if he thinks this will solve the problem he is more of an idiot than I thought. The rest of the world will see that we are fiscally irresponsible (which they are starting to believe) and will sell off any dollars they hold. If that happens the trust in the USD will drop like a rock. You will see runs on banks, but that will be too late. We will head into a hyperinflation where we will be seeing prices changing daily or even every few hours. Look at Zimbabwe, or Wiemar Republic.

Tangibles
Gold
Silver
Food
Ammo
Real Estate

This Is Bad

Well, my teenagers say that math sucks. I disagree. Math when done properly tells the truth. I bet that Spend More Ben is thinking that math sucks though as he tries to figure out another way to offset the truth. It cannot be done as the math will always win.

The UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT came out today. The seasonally adjusted initial claims was 439,000, an increase of 78,000 from the previous week's revised figure of 361,000. The 4-week moving average was 383,750, an increase of 11,750 from the previous week's revised average of 372,000.

Now, they claim that it is because of the Superstorm Sandy. I call B.S. on that. Sure it probably accounts for some of the claims, but I would bet that the majority are from the claims that had been "back-logged" from the few weeks before the election.

Watch these reports through the end of the year, if they continue to decline or plateau, watch how the market reacts. 

Hold on!
Prepare
Food
Pay off bills
Silver

Are You Prepared?

Now, we all presume that Obama has stolen, err, won the election, but are you aware of what is to come?

Also if you don't think there was voter fraud.... it seems that there was 141% voter turnout in St. Lucie County, FL in the Allen West vs. Patrick Murphy contest. Makes you wonder how there was a greater than 100% turnout, huh? And even if there was a 100% turnout, that would still raise suspicion. When was the last time you EVER heard of a 100% voter turnout?

Now take this statement made by Valerie Jarrett...

“After we win this election, it’s our turn.  Payback time.  Everyone not with us is against us and they better be ready because we don’t forget. The ones who helped us will be rewarded, the ones who opposed us will get what they deserve. There is going to be hell to pay.  Congress won’t be a problem for us this time. No election to worry about after this is over and we have two judges ready to go.” 
-WHITE HOUSE SR. ADVISER VALERIE JARRETT DAYS BEFORE THE 2012 ELECTION.



Prepare

Food

Ammo

Weapons

Mindset

Tangibles

True That

Enough said

Who Says Crime Doen't Pay

Insanity Gone Wild

You have heard of Girls gone wild, but the next story should be labeled Insanity gone wild. What does that mean, you say? Well after you read this article you will say "that's insane". Who was the PhD that thought of this deal? And better yet, is he still employed? Let me break down a few points of the article for you.

The government agreed to keep Fannie and Freddie afloat four years ago through a complex arrangement where the Treasury injects capital into the firms as needed every quarter to keep them afloat, and it receives preferred shares in exchange. Those shares pay a 10% dividend.

Well there you have it. It starts out pretty good, except for the 10% dividend. Why 10% when the common folk only gets maybe 2% interest. Okay, I know, because it was a risky loan. I mean, it is a government agency, US Treasury Department, bailing out Freddie and Fannie who are other government directed agencies. 

But the arrangement wasn’t expected to last this long. Congress and the Obama administration have taken few steps towards advancing any overhaul. That has led to perverse outcomes like the one currently facing the companies: Even if they’re profitable, there’s no mechanism for them to pay off the government–and they may continue to borrow money simply to pay those dividends.

Look at that section highlighted in red. Read it again and let it sink in until the light bulb comes on over your head. Yep, I see the lights on...you have figured it out. They may have to continue to borrow money just to pay the dividends. Now you might have thought, "well the economy has tanked further than anyone expected, so they may have to wait for the housing industry rebounds before profits return enough to pay those dividends". That is until you read this:

Fannie currently has to pay $12 billion in dividends every year. That’s more than the company has ever earned in one year.

Wow, more than they have ever earned in one year! Again, where were the PhD's and Accountants that are paid to figure these things out BEFORE they sign the contract. Anyone involved with approving this contract  should be fired.

In 2009, the Treasury Department said it would provide unlimited help for three years. But beginning in January, the companies once again will have a fixed amount of money available from the Treasury: $125 billion for Fannie and $150 billion for Freddie. 

Really, did they not learn the first time? Insanity Gone Wild I tell you. We peasants should be outraged as this is our money they play with. These actions cannot be sustained. The house of cards will collapse. 

Well 

Teenagers Speaking The Truth...

Now if we could only get the politicians to speak the truth as well. If someone would not be afraid of getting up in front of the cameras in America and speak these truths, maybe...just maybe they would get the majority of votes.

It has been a while since I have posted anything. I have been busy with personal things here at the homestead.

I have still been staying in touch with what is happening economically though as well as the slow takeover of countries by the radical Islamic groups like the Muslim Brotherhood. I will post about some of this later, but first here is a video (28 minutes) that is worth watching. Peter Schiff has been correct about many things over the years, and I'm afraid that he is spot on in his thoughts. http://youtu.be/NngxJz2aBqg

Would You Like To Get 78MPG?

Well, not for any time soon. It seems, according to this video, our gov is working against us. It is not about getting better mpg, despite what they say to the media, it is about the bottom dollar they get in taxes.

"If I wanted America to fail"

This says it all....

You Want Budget Cuts?

Well, we all know that the White House and Congress needs to do something about the Federal budget deficits and debt. (I hope you all know the difference between debt and deficits) Anyway, let us get serious about cutting deficits and see what we have left to cut our debt. Here is a short video showing you what needs to be cut, just to balance the budget of the United States.

Tom Brady the Best Decision and 22 More Signs and Symptoms

Well, Tom Brady is the best thing that has happened to the New England Patriots. I think they have a good chance to go all the way and capture another Super Bowl. Of course, one key injury, one bad call or one bad play can change a game around. With the top teams we have playing, one bad call/play can change the outcome.

Even though America will be focused on the playoffs this weekend, there are some other things that we all should be focusing on as well. Twenty-two of them to be exact.

Here are some that. I feel are really important.

** On Thursday it was announced that U.S. jobless claims had soared to a six-week high.

** Over the past 12 months, dozens of prominent retailers have closed stores all over America, and one
     consulting firm is projecting that there will be more than 5,000 more store closings in 2012.

** There are signs that the Chinese economy is seriously slowing down.  The following comes from a recent
     article in the Guardian….

"Growth had slowed to an annual rate of 1.5% in the second and third quarters of 2011, below the “stall speed” that historically led to recession."

** The Bank of Japan says that the economic recovery in that country “has paused“.

** Germany’s economy actually contracted during the 4th quarter of 2011.  At this point many economists
     believe that Germany is already experiencing a recession.

** According to a recent article by Bloomberg, it is being projected that the French economy is heading
     into a recession….

"The French economy will shrink this quarter and next, suggesting the nation is in a recession as investment and consumer spending stagnate, national statistics office Insee said."

 But, this one could be the nail in the coffin.

**** The major industrialized nations of the world must roll over trillions upon trillions of dollars in debt during 2012.  At a time when credit is becoming much tighter, this is going to be quite a challenge.  The following list compiled by Bloomberg shows the amount of debt that some large nations must roll over in 2012….
Japan: 3,000 billion
U.S.: 2,783 billion (That is $2.783 trillion)
Italy: 428 billion
France: 367 billion
Germany: 285 billion
Canada: 221 billion
Brazil: 169 billion
U.K.: 165 billion
China: 121 billion
India: 57 billion
Russia: 13 billion

Keep in mind that those numbers do not include any new borrowing.  Those are just old debts that must be refinanced.

Where is the WORLD going to come up with $7,609,000,000,000? I know some countries can just print money, cough, cough...America, but just think what will happen to the strength of the dollar if America prints $2.7 trillion dollars to refinance their debt.

Stay tuned and get prepared!

Free Zoloft?

Is that what we will be seeing after the world economy collapses? Will the governments be passing it out at the refugee camps and dropping it from the sky? There will be many people that will be having withdrawls from not having their fix....be prepared.

Inflation and Confiscation

This speaks for itself...

More states considering pay-by-the-mile car taxes

http://content.usatoday.com/communities/driveon/post/2011/08/more-states-considering-pay-by-the-mile-taxes/1Well, you don't think you pay enough taxes, do you? It seems the politicians think you should pay more. Of course, Oregon will drop state gasoline taxes which now is at $0.30 per gallon.

Okay, let us say your fuel loving pick-up truck gets only 15 miles per gallon. That would mean you pay a $0.02 per mile in state taxes. And of course your tree hugging neighbor that drives a hybrid gets 60 mpg, so he only pays $0.005 per mile in state taxes. That seems fair, huh. Well now Oregon is considering to drop all that and charge you $0.85 PER MILE driven. So your Oregon state gasoline "tax" for that gallon of gas that get you 15 miles is $12.75. I don't live in Oregon, so I don't know what they are paying for a gallon of gasoline there, but here we are paying right at $3.50 as of today. Let us do the math. $3.50 minus the $0.30 in state gas taxes that they will stop charging is $3.20, for those 15 miles you you get in that pick up truck you will need to add $12.75 for the "new" per mile charge. So now your cost just went from $3.50 for 15 miles to $15.95 for the same 15 miles. Now that's fair, because what that neighbor pays will be the same you pay is what spin they will probably put on it. You see, it doesn't matter if you have a "good gas milage vehicle" you will be paying per mile, not per gallon. That ought to get the tree huggers panties in a wad!

But, wait....You don't think your state is considering the same thing? Think again. I would bet that any state that is having budget problems (which is most) would be looking at something similar.

Keep your eyes WIDE open folks.

Open Letter From Senator Rand Paul, (R) KY

Folks, this says it all. We have been played by our politicians. Thankfully, we have a few statemen left to tell the truth. Everyone of my CONgress critters that voted for this bill will not be receiving a vote from me during their next election cycle. I would encourage you to do the same.

http://paul.senate.gov/?p=press_release&id=280

Open Letter: Why I Oppose the Debt Ceiling Compromise

Aug 1, 2011

WASHINGTON, D.C. - Today Sen. Rand Paul issued an open letter on the subject of the debt ceiling compromise facing the Senate. Below is that letter.

To paraphrase Senator Jim DeMint: When you're speeding toward the edge of a cliff, you don't set the cruise control. You stop the car. The current deal to raise the debt ceiling doesn't stop us from going over the fiscal cliff. At best, it slows us from going over it at 80 mph to going over it at 60 mph.

This plan never balances. The President called for a "balanced approach." But the American people are calling for a balanced budget.

This deal does nothing to fix the overreaches of both parties over the past few years: Obamacare, TARP, trillion-dollar wars, runaway entitlement spending. They are all cemented into place with this deal, and their legacy will be trillions of dollars in new debt.

The deal that is pending before us now:

• Adds at least $7 trillion to our debt over the next 10 years. The deal purports to "cut" $2.1 trillion, but the "cut" is from a baseline that adds $10 trillion to the debt. This deal, even if all targets are met and the Super Committee wields its mandate - results in a BEST case scenario of still adding more than $7 trillion more in debt over the next 10 years. That is sickening.
• Never, ever balances.
• The Super Committee's mandate is to add $7 trillion in new debt. Let's be clear: $2.1 trillion in reductions off a nearly $10 trillion,10-year debt is still more than $7 trillion in debt. The Super Committee limits the constitutional check of the filibuster by expediting passage of bills with a simple majority. The Super Committee is not precluded from any issue, therefore the filibuster could be rendered moot. In addition, the plan harms the possible passage of a Balanced Budget Amendment. Since the goal is never to balance, having the BBA as a "trigger" ensures that the committee will simply report its $1.2 trillion deficit reduction plan and never move to a BBA vote.
• It cuts too slowly. Even if you believe cutting $2.1 trillion out of $10 trillion is a good compromise, surely we can start cutting quickly, say $200 billion-$300 billion per year, right? Wrong. This plan so badly backloads the alleged savings that the cuts are simply meaningless. Why do we believe that the goal of $2.5 trillion over 10 years (that's an average of $250 billion per year) will EVER be met if the first two years cuts are $20 billion and $50 billion. There is simply no path in this bill even to the meager savings they are alleging will take place.

Buried in the details of this bill is the automatic debt limit increase proposed a few weeks ago. The second installment of the debt ceiling increase is initiated by the President automatically and can only be stopped by a two-thirds vote of Congress. This shifts the Constitutional check on borrowing from Congress to the President and makes it easier to raise the debt ceiling. Despite claims to the contrary, none of the triggers in this bill include withholding the second limit increase.

Credit rating agencies have clearly stated the type of so-called cuts envisioned in this plan will result in our AAA bond rating being downgraded. Ironically then, the only way to avoid our debt being downgraded and the resulting economic problems that stem from that is for this bill to fail.

This plan does not solve our problem. Not even close. I cannot abide the destruction of our economy, therefore I vigorously oppose this deal and I urge my colleagues and the American people to do the same.

Sincerely,




Rand Paul, M.D.
United States Senator

This Speaks For Itself

A Senator Telling It Like It Really Is?

You have to watch it until the end. Senator Tom Coburn actually tells the truth! He admits that CONgress is and has been lying to the American people about all the "spending cuts". Like many have been saying, these "cuts" that have been proposed by both sides have been false. Watch this video and listen. I just hope people wake up and get a chance to hear this. PLEASE, forward this page to your friends and family. Get this message out so everyone can hear how we have been lied to by our elected officials.