Archive for the ‘Uncategorized’ Category


THIS MOST UNBELIEVABLE PRESIDENT?
HERE IS HIS RESPONSE WHEN HE BACKED OFF FROM HIS DECISION TO REQUIRE THE MILITARY PAY FOR THEIR WAR INJURIES.


Bad press, including major mockery of the plan by comedian Jon Stewart, led to President Obama abandoning his proposal to require veterans carry private health insurance to cover the estimated $540 million annual cost to the federal government of treatment for injuries to military personnel received during their tours on active duty. The President admitted that he was puzzled by the magnitude of the opposition to his proposal.

“Look, it’s an all volunteer force,” Obama complained. “Nobody made these guys go to war. They had to have known and accepted the risks. Now they whine about bearing the costs of their choice? It doesn’t compute..” “I thought these were people who were proud to sacrifice for their country, “Obama continued “I wasn’t asking for blood, just money. With the country facing the worst financial crisis in its history, I’d have thought that the patriotic thing to do would be to try to help reduce the nation’s deficit.. I guess I underestimated the selfishness of some of my fellow Americans.”

Please pass this on to every one including every vet and their families whom you know. How in the world did a person with this mindset become our leader?

REMEMBER THIS STATEMENT…. “Nobody made these guys go to war. They had to have known and accepted the risks. Now they whine about bearing the costs of their choice?”


If he thinks he will ever get another vote from an Active Duty, Reserve, National Guard service member or veteran of a military service he ought to think it over.. If you or a family member is or has served their country please pass this to them.

Please pass this to everyone. I’m guessing that other than the 20-25 percent hardcore liberals in the US will agree that this is just another example why this is the worst president in American history. Remind everyone over and over how this man thinks, while he bows to the Saudi Arabian king.

Some of Wall Street’s biggest names said they are frightened and worried by the debt crisis in Europe, but still don’t expect a double-dip recession in the United States.

“We’re frightened at this moment to see how this can all play out with these countries already in a fragile position,” Larry Fink, chief executive of asset manager BlackRock Inc., said at a Reuters Insider newsmaker panel in New York.

He cited austerity measures that countries like Greece, Spain, Italy and Portugal must implement to deal with heavy debt loads.

“Now they’re going to have to bring down their deficits in the tens of billions of dollars to stabilize their country, but will that destabilize their social fabric?”

Recent riots in Greece have sparked concerns about how austerity measures will play out in other countries, like Spain, where unemployment is already very high, Fink said.

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A preview of things to come in the USA?

British inflation numbers were released today, showing a 3.4% increase. Together with the European numbers released last Friday this means that we can now summarize 2 year inflation rates, which is to say the cumulative 2 year change in consumer prices. I selected below inflation numbers for various European countries based on which countries had the most significant changes and those that were biggest (if you’re interested in those that I omitted see here).

Iceland 36.4%

Romania 11.2%

Hungary 8.7%

Poland 7.0%

Lithuania 7.0%

Britain 6.4%

Greece 5.5%

Sweden 4.4%

Estonia 3.9%

Latvia 3.6%

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What is most likely to threaten your life?

When major catastrophes strike, like some of the recent earthquakes, hurricanes, floods, etc.,  the mass deaths can lead one to think that natural disasters are the most likely way people can die.

Not by a long shot.   So I want to talk about life vs. death scenarios.  In other words, what’s most likely to kill you?  I’m not going to focus on food shortages, financial collapses and government take over’s in this episode.  Rather…I’m gonna talk about what’s most likely to kill you!

So…I start with a question?  Why are so many survivalists spending so much time preparing for disasters that don’t pose as much of a risk as other disasters?

Highlights:

  • Statistics on the likely causes of death.
  • What do you spend most of your time preparing for?
  • How likely are the events you prepare for in comparison to the time you spend preparing for them?
  • The 5 most common causes of injury and death.
  • Violence against women and how to prevent it.
  • Odds of an event causing injury or death?

Listen here…

Homeowner fires at invaders

Kevin Bachhofer just happened to work the night shift Thursday night. That chance shift change most likely saved his home near Luther from being burglarized. He says, “It was one of those things that I was just glad I was home and my family didn’t come home to that.”

Bachhofer had just gone to sleep after working through the night when he woke up to the sound of his doorbell.

He says, “I knew that it wasn’t anybody I knew the way they were ringing the doorbell. They just kept on ringing and ringing and ringing.”

He called 911 and then realized the men ringing the bell weren’t waiting for an invitation.

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NEW YORK (CNNMoney.com) — If President Obama’s 2011 budget were put into effect as proposed, the U.S. federal government would add an estimated $9.8 trillion to the country’s accrued debt over the next decade, according to a preliminary analysis from the Congressional Budget Office.

Of that amount, an estimated $5.6 trillion will be in interest alone.

By 2020, the agency estimates debt held by the public would reach $20.3 trillion, or 90% of GDP. That’s up from 53% of GDP in 2009.

Research done by economists Kenneth Rogoff and Carmen Reinhart has shown that such high levels of debt can cause a drag on economic growth.

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While most of the investment world focuses on the various “senior officials” (none of whom seem to have actual names or positions) commenting on whether Greece will or will not be bailed out/ receive an emergency loan/ offered moral support, etc, a far more significant debt story is emerging in the US.

On Wednesday the US offered $16 billion worth of 30-year Treasuries (US debt that will mature in 30 years). Before we get into the details of how much of a disaster the auction was we’re going to do a brief review of how US debt issuances work.

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The heyday of the Bush-Obama bailout frenzy is coming to an end.

The bailout’s base of public support, tenuous from the outset, is collapsing.

Its chief architects — Treasury Secretary Geithner and Fed Chairman Bernanke — are politically dead or dying; its loyal opposition — Obama adviser Paul Volcker and FDIC Chairman Bair — is gaining rapidly in influence.

Suddenly and with growing momentum, America is shifting into a brand new phase of the crisis …

The Rude Awakening of 2010

You and I knew all along; we were not among those sleepwalking through the storm. Nor did we ever support those who stumbled from one ill-conceived government rescue to another.

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