BMAGA
Bullshit Makes America Great Again!
Saturday, April 29, 2017
Ben Bernanke, former FED CHAIR & bullshit artist extraordinaire on CNBC on Monday, May 1, 2017
In honor of the liar coming on CNBC telling more tales I would like to share a blog entry from a few years ago in Atlanta.
Hey, somebody had to do it! You can't expect anyone in politics to tell the truth.
http://www.deanparisian.com/2014/08/yellen-continues-scam-3-years-later.html
Hey, somebody had to do it! You can't expect anyone in politics to tell the truth.
http://www.deanparisian.com/2014/08/yellen-continues-scam-3-years-later.html
Friday, April 28, 2017
Pine Ridge, South Dakota
In my teens our family lived in Pine Ridge, South Dakota. In the late 1960's it was a different place.
It was much nicer in many ways. Homes were kept up, fewer junk cars, roads in better shape, airport runway better kept up, better paint on about every building, Billy Mills Hall in great shape, on and on and on I could go.
I was in Pine Ridge a couple days ago. Drove around on all the roads I drove my HONDA 350 motorcycle on when in high school. Hard to believe. Really hard to believe.
If you have ever been to a communist country Pine Ridge looks like a community in a communist, socialist country! Amazing the similarities.
If you ever want to see what the United States government has done to Native Americans on an Indian Reservation head on out to Pine Ridge.
It's rough. The loss of human capital is staggering. The effects of the breakdown in family structure, the rampant addictions in the population, the effect of inflation on the standard of living, the decline in educational levels, I could go on and on and on.
Today, the little ones suffer. In so many ways. The cycle continues. The cycle of single parenting, drugs, violence and aversion to formal education.
White Clay is out of beer but Pine Ridge is not out of trouble.
Say a prayer tonight (and every night) for Pine Ridge.
It needs to heal itself.
It was much nicer in many ways. Homes were kept up, fewer junk cars, roads in better shape, airport runway better kept up, better paint on about every building, Billy Mills Hall in great shape, on and on and on I could go.
I was in Pine Ridge a couple days ago. Drove around on all the roads I drove my HONDA 350 motorcycle on when in high school. Hard to believe. Really hard to believe.
If you have ever been to a communist country Pine Ridge looks like a community in a communist, socialist country! Amazing the similarities.
If you ever want to see what the United States government has done to Native Americans on an Indian Reservation head on out to Pine Ridge.
It's rough. The loss of human capital is staggering. The effects of the breakdown in family structure, the rampant addictions in the population, the effect of inflation on the standard of living, the decline in educational levels, I could go on and on and on.
Today, the little ones suffer. In so many ways. The cycle continues. The cycle of single parenting, drugs, violence and aversion to formal education.
White Clay is out of beer but Pine Ridge is not out of trouble.
Say a prayer tonight (and every night) for Pine Ridge.
It needs to heal itself.
Monday, April 10, 2017
United Airlines DRAGGING off passengers...........
It is the state of America. It seems to be how things are. When you fuck up fix the problem with another bigger problem.
Unfortunately this is how the world works. Taxpayers bailed out the CEO's to keep them solvent in 2008. Ten TRILLION of debt later here we sit with anemic growth. FED running up an epic disaster and nobody wants to face it. Taxpayers, they still get bent over today. Privatizing profits and socializing losses are how they do it in America today. Just ask any NFL, NBA, NHL or MLB owner who needs a new facility.
Here, United Airlines will pay a massive legal bill for the lawyers and a dandy fee to the passenger they dragged out of that jet. But who pays the bill? Future passengers with higher fares.
The real problem isn't just the overbooking. No, the real problem is dragging paying passengers off aircraft for United Airlines employees to travel to work.
Those of us in the financial markets deal with it daily. JP Morgan selling silver it doesn't own. Goldman Sachs shorting "naked" shares. Precious metal ETF's rehypothecating a thousand fold.
IPO trading abused with falsified green shoe stock. NSCC management shirking their congressional mandates to look after the financial results of their bosses. On and on and on.
It just doesn't end in the world of Wall Street.
Remember, Wall Street dislikes cell phone camera's.
Unfortunately this is how the world works. Taxpayers bailed out the CEO's to keep them solvent in 2008. Ten TRILLION of debt later here we sit with anemic growth. FED running up an epic disaster and nobody wants to face it. Taxpayers, they still get bent over today. Privatizing profits and socializing losses are how they do it in America today. Just ask any NFL, NBA, NHL or MLB owner who needs a new facility.
Here, United Airlines will pay a massive legal bill for the lawyers and a dandy fee to the passenger they dragged out of that jet. But who pays the bill? Future passengers with higher fares.
The real problem isn't just the overbooking. No, the real problem is dragging paying passengers off aircraft for United Airlines employees to travel to work.
Those of us in the financial markets deal with it daily. JP Morgan selling silver it doesn't own. Goldman Sachs shorting "naked" shares. Precious metal ETF's rehypothecating a thousand fold.
IPO trading abused with falsified green shoe stock. NSCC management shirking their congressional mandates to look after the financial results of their bosses. On and on and on.
It just doesn't end in the world of Wall Street.
Remember, Wall Street dislikes cell phone camera's.
Friday, April 07, 2017
Epic shit show of ego. Who got to him?
Obama must now start focusing on OUR COUNTRY, jobs, healthcare and all of our many problems. Forget Syria and make America great again!
Atlanta Fed
One thing is for sure. The good ol boy crowd at the Atlanta Fed is calling a spade a spade.
It never ceases to amaze me how once in a great while somebody associated with a Federal Reserve Bank will say something true.
It never ceases to amaze me how once in a great while somebody associated with a Federal Reserve Bank will say something true.
Remember when the Fed was "data dependent"?
If the Atlanta Fed is right, Janet Yellen will have hiked the Fed's interest rate in a quarter in which GDP has grown by a paltry 0.6%, down from 1.2% as of its latest estimate. If confirmed, this would be the lowest quarterly GDP growth in three years, since Q1 of 2014.
Incidentally, just over two months ago, the same forecast stood at 3.4%, it has since fallen by over 80%.
The Trump Middle East Fiasco
I grew up on a large number of Indian reservations. I don't know a single person who was raised on more reservations than Dean Parisian. My father was a Law Enforcement Officer for the Bureau of Indian Affairs in the Department of Interior. We moved because Dad wanted better for his family.
He wanted to advance. The way to advance was to move when a higher paying job opportunity became available at another reservation. He moved up the ladder and we moved. Never got used to moving but don't know any different. Four high schools in four years. Not a problem. In four years of college I had another four "home-towns" where my parents lived. Not a problem.
Growing up on those reservations I was able to see the effects of addiction up close and personal. It wasn't pretty then. Isn't pretty today. Today, the lack of two parent homes, the pills, the violence, the gangs, the heroin, the lack of discipline in the family structure, the lack of role models in the work force all combine to make it more difficult for law enforcement in Indian Country. Makes it more difficult to grow up too. And toss in some social media, a government far too willing to shell out money to support generational welfare and well, you get what is today.
I had some conversations this morning about the Trump actions last evening. I laughed.
Saddam Hussein was gassing people long ago. His own people I believe. Or people he wanted to control. I don't have a clue who gasses those in Syria. Maybe the Syrian Army, maybe rebels backed by the United States, maybe the Russians. I am not paid to know and care less. War is awful ugly. And an ugly business.
I do know that Middle East engagement over a few deaths by gassing pales in comparison to what we endure daily in this country. Our country. Mine and yours. We take it hook line and sinker from the Mexican drug cartels. We bury more dead Americans delivered to us from the hands of the drug monsters in Mexico than ISIS ever could. We are still fucking around in the Middle East when the real damage to our society, OUR SOCIETY, comes at us from south of the border.
I don't think there is one single elected official with an IQ above room temperature who will admit to these clear and present dangers to America. I voted for Donald Trump to get us the hell out of the Middle East. We need no more maimed or dead American heroes flying home from the Middle East.
We need to keep up the war on drugs coming into this great nation. It's killing us.
Gotta love the action today in RTN shares. Taxpayers making it all possible!
He wanted to advance. The way to advance was to move when a higher paying job opportunity became available at another reservation. He moved up the ladder and we moved. Never got used to moving but don't know any different. Four high schools in four years. Not a problem. In four years of college I had another four "home-towns" where my parents lived. Not a problem.
Growing up on those reservations I was able to see the effects of addiction up close and personal. It wasn't pretty then. Isn't pretty today. Today, the lack of two parent homes, the pills, the violence, the gangs, the heroin, the lack of discipline in the family structure, the lack of role models in the work force all combine to make it more difficult for law enforcement in Indian Country. Makes it more difficult to grow up too. And toss in some social media, a government far too willing to shell out money to support generational welfare and well, you get what is today.
I had some conversations this morning about the Trump actions last evening. I laughed.
Saddam Hussein was gassing people long ago. His own people I believe. Or people he wanted to control. I don't have a clue who gasses those in Syria. Maybe the Syrian Army, maybe rebels backed by the United States, maybe the Russians. I am not paid to know and care less. War is awful ugly. And an ugly business.
I do know that Middle East engagement over a few deaths by gassing pales in comparison to what we endure daily in this country. Our country. Mine and yours. We take it hook line and sinker from the Mexican drug cartels. We bury more dead Americans delivered to us from the hands of the drug monsters in Mexico than ISIS ever could. We are still fucking around in the Middle East when the real damage to our society, OUR SOCIETY, comes at us from south of the border.
I don't think there is one single elected official with an IQ above room temperature who will admit to these clear and present dangers to America. I voted for Donald Trump to get us the hell out of the Middle East. We need no more maimed or dead American heroes flying home from the Middle East.
We need to keep up the war on drugs coming into this great nation. It's killing us.
Gotta love the action today in RTN shares. Taxpayers making it all possible!
Wednesday, April 05, 2017
Your bank paying higher interest?
So, you walk into your friendly bank, smile at your friendly teller and ask if the bank is going to be paying higher rates of interest on YOUR MONEY now that the FED has raised interest rates a couple of times since Donald Trump's election, (all obvious political moves since Janet Yellen met with Obama). She puts a sweet smile on her face and if she's honest, replies, "I don't think so".
Happens every day across the land.
Happens every day across the land.
It's more of the same with the paltry returns that our FEDERAL RESERVE has provided in money-market funds. In an era of peak debt, with zero interest rates, it's created an enormous incentive for Wall Street to gamble more recklessly. Margin debt is at all time record levels. Janet Yellen is a tool like Ben Bernanke to keep the bankers running wide open. It is disappointing for older retired Americans who have worked so hard to earn and then have to pay tax on funds in the bank to find leeches at the FED keeping rates artificially low.
Most Americans don't understand that the Federal Reserve is as federal as FedEx. Its creation was intended to enrich the few at the expense of the many. A mere 9 years ago, the Fed turned on the printing press and manufactured trillions to bail out the reckless, irresponsible, racketeering, price fixing, money laundering, uber leveraged, derivative infected, systemically fraudulent too-big-to-fail bankers that should have been allowed to fail and cleanse the system. Their actions will allow banks to suck the blood out of the economy for the next 100 years. Watch it in action today with our anemic growth and the lies and distortion coming from government statistics. At the height of the financial crisis, Fed overnight
interest rates were at an emergency level of .25%. Eight years later after a
“tremendous” economic recovery, Fed overnight interest rates are still at an
emergency level of .75%.
So with that out of the way, I feel better, truth is good. Did I miss anything?
So with that out of the way, I feel better, truth is good. Did I miss anything?
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