MONTANA, 2010

Your Government again withholding information.........

At noon today, the Fed will provide an information dump identifying recipients of $3.3 trillion in emergency aid which it dispensed as per its interpretation of its mandate following the Lehman collapse. From Bloomberg: "The data will probably show the magnitude of central bank support to companies including Bank of America Corp. and General Electric Co. after the collapse of Lehman Brothers Holdings Inc. spurred a surge in private borrowing costs. Lawmakers demanded disclosure after the Fed approved aid dwarfing the federal government’s $700 billion Troubled Asset Relief Program." Not all data will be available, however: all important discount window information will not be included as part of this package: "Congress excluded one Fed program from disclosure, the discount window, which is the subject of a 2008 lawsuit filed by Bloomberg LP, parent of Bloomberg News, against the central bank. A group of banks is appealing to the Supreme Court over lower-court decisions ordering the Fed to identify loan recipients. The program peaked at $110.7 billion in October 2008." Since today’s information relates to aid from Dec. 1, 2007, through July 21, 2010, there will be enough information to satisfy the most detail-oriented forensic reverse engineers.

There isn't enough Irish whiskey to save them......

Since its bankruptcy and currency devaluation, Iceland's economy and stock market have surged, unbound by the shackles of a zombie monetary system and exponentially growing debt. Ireland, to the contrary, can only hope for at best a gradual decline in its economic output instead of an outright collapse now that the European Commission council is the country's new politburo. It can also, at best, hope that its pension fund will have a few penny farthings left for the aging population once it is done rescuing Europe's banks. It is precisely this option that a formerly democratic country refused to offer its citizens, and is the reason why its entire government should be tried for treason: instead of using empirical evidence that default and devaluation is the best outcome, Ireland crumbled to the interests of a few parasite plutocrats, which have just their own interests in mind, and never those of the host nation (which ends up being abused and discarded like a used condom off the side of the road).

Best Idea for 2011........

Wouldn't it be pure joy to see Congress and the Senate wear racing suits to work?  They could wear suits (fireproof & bulletproof) like the NASCAR guys do showing the American public who has paid for them via lobbying dollars.

Austerity..........yeah, sure, right.....

The teleprompter in chief will announce that he is about to freeze government salaries for two years. Of course, government workers thank him, as this means federal salaries which have exploded in the past 5 years will be stuck at all time highs for at least two years, even as nominal salaries for everyone else continue to decline.

In order to promote some vaguely credible idea of austerity, instead of freezing salaries, Obama needs to be cutting.  That will never happen as it will cost him votes.

Thanksgiving, 2010

May you believe that the best is yet to come.  There is so much to be thankful for.

We are blessed and lucky that we live in the United States of America. 

America knows the answer.............

Is QE2 A Stealthy $90 Billion Gifting Scheme To The Primary Dealers?

Is a one legged duck going to swim in circles?

Is a fishes ass watertight?

For the few pessimists I know...........

Due to the economy and recent cutbacks, the light at the end of the tunnel will be turned off.