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.

The best example of "senseless" in history

They just kept kicking him. Bobby Tillman was 5-foot-6 and 124 pounds, not big enough to defend himself against four bigger teenagers, now charged in his death.  Nor was Tillman the sort to have started a fight. He was in a crowd of kids leaving a house party in Douglasville Saturday night. He provoked no one, and he must have been stunned when another teenager stalked across the street and hit him hard in the head. He fell to the street, his head striking the curb. Then three others were there, and they all fell upon him, police and witnesses said.  Jourdan Ferguson, 19, said she tried to stop the beating.  “It was unfair. It was pointless,” Ferguson said. She said she yelled at the teenagers, "Stop stomping him!"  Then she leaped in, tried to pull the attackers away. But she's only 5 feet tall.  She couldn't stop it.

Witnesses said the beating was over in a minute.

Sarah Palin on QE2

"I’m deeply concerned about the Federal Reserve’s plans to buy up anywhere from $600 billion to as much as $1 trillion of government securities. The technical term for it is “quantitative easing.” It means our government is pumping money into the banking system by buying up treasury bonds. And where, you may ask, are we getting the money to pay for all this? We’re printing it out of thin air.


The Fed hopes doing this may buy us a little temporary economic growth by supplying banks with extra cash which they could then lend out to businesses. But it’s far from certain this will even work. After all, the problem isn’t that banks don’t have enough cash on hand – it’s that they don’t want to lend it out, because they don’t trust the current economic climate.

And if it doesn’t work, what do we do then? Print even more money? What’s the end game here? Where will all this money printing on an unprecedented scale take us? Do we have any guarantees that QE2 won’t be followed by QE3, 4, and 5, until eventually – inevitably – no one will want to buy our debt anymore? What happens if the Fed becomes not just the buyer of last resort, but the buyer of only resort?

All this pump priming will come at a serious price. And I mean that literally: everyone who ever goes out shopping for groceries knows that prices have risen significantly over the past year or so. Pump priming would push them even higher. And it’s not just groceries. Oil recently hit a six month high, at more than $87 a barrel. The weak dollar – a direct result of the Fed’s decision to dump more dollars onto the market – is pushing oil prices upwards. That’s like an extra tax on earnings. And the worst part of it: because the Obama White House refuses to open up our offshore and onshore oil reserves for exploration, most of that money will go directly to foreign regimes who don’t have America’s best interests at heart.

We shouldn’t be playing around with inflation. It’s not for nothing Reagan called it “as violent as a mugger, as frightening as an armed robber, and as deadly as a hit man.” The Fed’s pump priming addiction has got our small businesses running scared, and our allies worried. The German finance minister called the Fed’s proposals “clueless.” When Germany, a country that knows a thing or two about the dangers of inflation, warns us to think again, maybe it’s time for Chairman Bernanke to cease and desist. We don’t want temporary, artificial economic growth bought at the expense of permanently higher inflation which will erode the value of our incomes and our savings."