This next piece is something out of 1984.
It's called cars.gov (do not check out this site if you value your privacy) and it's where you can go to get more info on cash for clunkers.
But there's a catch...
{Link:http://www.youtube.com/watch?v=bWs12ccbOiE}
This is so insidious that I'm left speechless...and that's not easy to do.
Friday, July 31, 2009
Alan Grayson grills Bernanke
I don't know if we could find a better reason to audit the Fed.
Watch this video, it is quite beyond belief.
{Link: http://www.youtube.com/watch?v=n0NYBTkE1yQ}
Just a short post for tonight.
More tomorrow.
Watch this video, it is quite beyond belief.
{Link: http://www.youtube.com/watch?v=n0NYBTkE1yQ}
Just a short post for tonight.
More tomorrow.
Wednesday, July 29, 2009
Baby Boomer part II (Focus on Harry Dent)
Welcome to 'Age Wave' Theory by Harry S Dent.
Harry earned a B.A. University of South Carolina, #1 in his class. Earned his MBA from the Harvard Business School as a Baker Scholar. Founder of HS Dent Investment Management and President of H.S. Dent Foundation and H.S. Dent Publishing.
Harry looks at this crisis from a shear demographic angle. Baby Boomers are moving from spending to saving. This applies downward pressure to the US economy in that they are downsizing houses, they don't need that big screen tv, kids are out of the house...
Unfortunately, businesses have not taken this into account with their business models. And there is no cure, only understanding the impact of what is headed your way and how to minimize its effect on you.
This video was made in May of 2009. Pay particular attention to his projections for July. It is important to note, that like Peter Schiff, Harry was right on target, years ago, in predicting the crisis we are now in.
{link:http://www.youtube.com/v/e_JzAEzYLt4}
The next set of videos spell out this crisis in detail from January 2009...
I am not pushing views in terms of investment strategy as I am not qualified. The important thing is the data presented. It is neatly and easily presented to educate you enough to start thinking about what is right for you and your family.
{link:http://www.youtube.com/v/vF9JmGJun_A}
{link:http://www.youtube.com/watch?v=uhtJmufDgO4}
{link:http://www.youtube.com/watch?v=GpckTMb-BGs}
{link:http://www.youtube.com/watch?v=tvNba8VUUNo}
{link:http://www.youtube.com/watch?v=r6s46GrFUYE}
{link:http://www.youtube.com/watch?v=uf-t8vg7vFc}
{link:http://www.youtube.com/watch?v=jNqDe-5nflo}
{link:http://www.youtube.com/watch?v=8elE_VsSvZY}
{link:http://www.youtube.com/watch?v=IJtWgP3hk2A}
Harry earned a B.A. University of South Carolina, #1 in his class. Earned his MBA from the Harvard Business School as a Baker Scholar. Founder of HS Dent Investment Management and President of H.S. Dent Foundation and H.S. Dent Publishing.
Harry looks at this crisis from a shear demographic angle. Baby Boomers are moving from spending to saving. This applies downward pressure to the US economy in that they are downsizing houses, they don't need that big screen tv, kids are out of the house...
Unfortunately, businesses have not taken this into account with their business models. And there is no cure, only understanding the impact of what is headed your way and how to minimize its effect on you.
This video was made in May of 2009. Pay particular attention to his projections for July. It is important to note, that like Peter Schiff, Harry was right on target, years ago, in predicting the crisis we are now in.
{link:http://www.youtube.com/v/e_JzAEzYLt4}
The next set of videos spell out this crisis in detail from January 2009...
I am not pushing views in terms of investment strategy as I am not qualified. The important thing is the data presented. It is neatly and easily presented to educate you enough to start thinking about what is right for you and your family.
{link:http://www.youtube.com/v/vF9JmGJun_A}
{link:http://www.youtube.com/watch?v=uhtJmufDgO4}
{link:http://www.youtube.com/watch?v=GpckTMb-BGs}
{link:http://www.youtube.com/watch?v=tvNba8VUUNo}
{link:http://www.youtube.com/watch?v=r6s46GrFUYE}
{link:http://www.youtube.com/watch?v=uf-t8vg7vFc}
{link:http://www.youtube.com/watch?v=jNqDe-5nflo}
{link:http://www.youtube.com/watch?v=8elE_VsSvZY}
{link:http://www.youtube.com/watch?v=IJtWgP3hk2A}
Tuesday, July 28, 2009
What's wrong with being born between 1946 and 1964?
Welcome to the baby boom generation.
As of the next 4 years, 16 billion people will retire, the next, 19 billion, and then it levels off at 22 billion for at least 30 or so years {US Census bureau data}
Consider the following by David Walker, former Comptroller General to the U.S. Government Accountability Office, Oct 2008.
"The U.S. Government Accountability Office (GAO), noting that the federal balance sheet does not reflect the government's huge unfunded promises in our nation's social-insurance programs, estimated last year that the unfunded obligations for Medicare and Social Security alone totaled almost $41 trillion. That sum, equivalent to $352,000 per U.S. household, is the present-value shortfall between the growing cost of entitlements and the dedicated revenues intended to pay for them over the next 75 years." {David Walker, Money Magazine - http://money.cnn.com/2008/10/28/magazines/fortune/babyboomcrisis_walker.fortune/index.htm}
It is almost comical that such a huge problem could be wrapped up into HR 3200, and force fed through Congress demanding a vote in a matter of just weeks.
It's a huge problem for sure...but one which requires careful thought. This problem has been looming in economists minds at least since the 1980's. How do I know? I heard about it in Econ 101, in 1984, at the University of Wisconsin.
At least there appears to be a breather - common sense, if you will - at least for the short time. Pray it is used wisely and that Congress and the US Public takes the time to fully understand the implications.
But this post is about what's wrong with Healthcare or HR 3200. I am working on putting together something comprehensive (cringing as I put this commit to paper) of what might be areas of concentration, but right now, I want to throw something at you that has been bugging me for some time.
Today, the Center's for disease control announced that the Swine Flu vaccine should be made available to only young people. A clear departure from the standard operating procedure of vaccinating the young, old and infirmed.
Next we have Congress, both parties advocating illegal alien amnesty, day laborer passes, relaxing fines and punishment for illegal alien employees and the employers who hire them. And you ask yourself why?
Next we have the push by the democrats for HR 3200 aka Obamacare. It is this bloggers opinion that this is nothing but a ploy to move to a single payer system. {See earlier posts for supporting videos}. Under such a system, the QAYL or Quality Adjusted Years Left would be implemented which determines whether it is worth it to give you a procedure. A remake of Logan's Run in the raw sense. Too old...time to die. One need only to research Canada, and Britain to see what a single payer system evolves into.
Tying these all together you get a very scary picture of an underlying current in government which is reinvigorate the population through illegal aliens (who will not take advantage of medicare or social security benefits though they will pay into it) and a weeding out of the elderly population by limiting care.
Medicare and Social Security are ponzi schemes that only work as long as the population only grows, and as long as life expectancy does not expand. Both which have come to pass.
Not to be conspiratorial, but the Gov't was lucky as hell the Swine Flu has turned out to be as harmless as it was. If you remember, Congress and the President decided not to close the borders because they 'didn't see a problem yet.' The problem is, once you see it, it's too late. Are they that dumb? Could be...but what if they are not?
Suppose Bernie Madoff decided to come clean before his clients lost money? How would he do it? His only ally would be death of his clients.
Think about this as you hear the news from Washington.
As of the next 4 years, 16 billion people will retire, the next, 19 billion, and then it levels off at 22 billion for at least 30 or so years {US Census bureau data}
Consider the following by David Walker, former Comptroller General to the U.S. Government Accountability Office, Oct 2008.
"The U.S. Government Accountability Office (GAO), noting that the federal balance sheet does not reflect the government's huge unfunded promises in our nation's social-insurance programs, estimated last year that the unfunded obligations for Medicare and Social Security alone totaled almost $41 trillion. That sum, equivalent to $352,000 per U.S. household, is the present-value shortfall between the growing cost of entitlements and the dedicated revenues intended to pay for them over the next 75 years." {David Walker, Money Magazine - http://money.cnn.com/2008/10/28/magazines/fortune/babyboomcrisis_walker.fortune/index.htm}
It is almost comical that such a huge problem could be wrapped up into HR 3200, and force fed through Congress demanding a vote in a matter of just weeks.
It's a huge problem for sure...but one which requires careful thought. This problem has been looming in economists minds at least since the 1980's. How do I know? I heard about it in Econ 101, in 1984, at the University of Wisconsin.
At least there appears to be a breather - common sense, if you will - at least for the short time. Pray it is used wisely and that Congress and the US Public takes the time to fully understand the implications.
But this post is about what's wrong with Healthcare or HR 3200. I am working on putting together something comprehensive (cringing as I put this commit to paper) of what might be areas of concentration, but right now, I want to throw something at you that has been bugging me for some time.
Today, the Center's for disease control announced that the Swine Flu vaccine should be made available to only young people. A clear departure from the standard operating procedure of vaccinating the young, old and infirmed.
Next we have Congress, both parties advocating illegal alien amnesty, day laborer passes, relaxing fines and punishment for illegal alien employees and the employers who hire them. And you ask yourself why?
Next we have the push by the democrats for HR 3200 aka Obamacare. It is this bloggers opinion that this is nothing but a ploy to move to a single payer system. {See earlier posts for supporting videos}. Under such a system, the QAYL or Quality Adjusted Years Left would be implemented which determines whether it is worth it to give you a procedure. A remake of Logan's Run in the raw sense. Too old...time to die. One need only to research Canada, and Britain to see what a single payer system evolves into.
Tying these all together you get a very scary picture of an underlying current in government which is reinvigorate the population through illegal aliens (who will not take advantage of medicare or social security benefits though they will pay into it) and a weeding out of the elderly population by limiting care.
Medicare and Social Security are ponzi schemes that only work as long as the population only grows, and as long as life expectancy does not expand. Both which have come to pass.
Not to be conspiratorial, but the Gov't was lucky as hell the Swine Flu has turned out to be as harmless as it was. If you remember, Congress and the President decided not to close the borders because they 'didn't see a problem yet.' The problem is, once you see it, it's too late. Are they that dumb? Could be...but what if they are not?
Suppose Bernie Madoff decided to come clean before his clients lost money? How would he do it? His only ally would be death of his clients.
Think about this as you hear the news from Washington.
Monday, July 27, 2009
Refresher on Tax cuts
Some taxes in the economy are clearly defined: Income tax, Sales Tax, Capital Gains Tax, etc. Then there are the implicit taxes such as the increases in your utilities and gas due to regulations imposed on companies by the US Gov't.
If debated, Obama would claim he has fulfilled his obligation to middle class Americans in giving them a tax cut citing the $60 average increase per paycheck. This can be likened to receiving anesthetic prior to surgery.
The most important costs to you are Food, Gas, Electricity(utilities), and Healthcare. These are under the threat of major price increases should Cap & Trade and Obamacare go through.
The other issue you face is who will front these costs? No matter how he defines middle class or upper class, everyone one will pay. It is convenient he can provide you no figures on exactly how much. Some of these costs will truly be handled by the upper class.
But just who is that?
This appeared to be the best compilation of Obama defining upper class.
Now let's look at his stance on his policies on CAP & Trade. For those unfamiliar, Cap & Trade is legistlation which will police carbon emissions.
"Electricity prices will necesarily skyrocket." And the cost, "will be passed on to consumers".
Next we have Warren Buffet, a member of Obama's Economic Advisory Staff (Note that he does not answer the original question).
Here, Congressman Dingell clearly acknowledges what the effects of passing Cap & Trade are (noting that Europe has failed in their efforts in doing this). He asks how will we be different. To date, there has been no answer.
And what is the rush to judgment on a bill that will clearly change America as we know it? Congressman Waxman tries to belittle this point in this next clip.
Simple ecomonics dictates that if you increase costs of business, the businesses will move elsewhere. Nowhere has this been proven more true than in Massachusetts. This state is wallowing in its own demise due to the pressures they placed on business turning what once was Technologies Highway into a technology graveyard. CAP & Trade's initial impact will be higher prices for consumers, but that won't last. Competitors abroad will see opportunity and move in unless the companies in the US find a way to keep up. Their only answer is this...
There is one more implicit tax to consider - inflation. Inflation is not 'higher prices', actually that is the effect of inflation. No, inflation is the increase of money. Which is currently what the Treasury is doing by printing dollars. WIthout going into economic theory, the basics are all you need to know. It's supply and demand. Increase the supply and demand goes down, or in this case, the value of the dollar.
So how far will that $60 take you when your food, gas, electricity costs triple or more? And it doesn't stop there. Everyone will need to raise prices to keep their employees alive and able to work in society. So services will go up as well.
Healthcare and Energy are two issues which have been around, festering for almost 100 years. Don't you think Congress owes it to the US Public to clearly define the impacts of these bills and have honest open debate, clearly informing the public of the details prior to signing?
If debated, Obama would claim he has fulfilled his obligation to middle class Americans in giving them a tax cut citing the $60 average increase per paycheck. This can be likened to receiving anesthetic prior to surgery.
The most important costs to you are Food, Gas, Electricity(utilities), and Healthcare. These are under the threat of major price increases should Cap & Trade and Obamacare go through.
The other issue you face is who will front these costs? No matter how he defines middle class or upper class, everyone one will pay. It is convenient he can provide you no figures on exactly how much. Some of these costs will truly be handled by the upper class.
But just who is that?
This appeared to be the best compilation of Obama defining upper class.
Now let's look at his stance on his policies on CAP & Trade. For those unfamiliar, Cap & Trade is legistlation which will police carbon emissions.
"Electricity prices will necesarily skyrocket." And the cost, "will be passed on to consumers".
Next we have Warren Buffet, a member of Obama's Economic Advisory Staff (Note that he does not answer the original question).
Here, Congressman Dingell clearly acknowledges what the effects of passing Cap & Trade are (noting that Europe has failed in their efforts in doing this). He asks how will we be different. To date, there has been no answer.
And what is the rush to judgment on a bill that will clearly change America as we know it? Congressman Waxman tries to belittle this point in this next clip.
Simple ecomonics dictates that if you increase costs of business, the businesses will move elsewhere. Nowhere has this been proven more true than in Massachusetts. This state is wallowing in its own demise due to the pressures they placed on business turning what once was Technologies Highway into a technology graveyard. CAP & Trade's initial impact will be higher prices for consumers, but that won't last. Competitors abroad will see opportunity and move in unless the companies in the US find a way to keep up. Their only answer is this...
There is one more implicit tax to consider - inflation. Inflation is not 'higher prices', actually that is the effect of inflation. No, inflation is the increase of money. Which is currently what the Treasury is doing by printing dollars. WIthout going into economic theory, the basics are all you need to know. It's supply and demand. Increase the supply and demand goes down, or in this case, the value of the dollar.
So how far will that $60 take you when your food, gas, electricity costs triple or more? And it doesn't stop there. Everyone will need to raise prices to keep their employees alive and able to work in society. So services will go up as well.
Healthcare and Energy are two issues which have been around, festering for almost 100 years. Don't you think Congress owes it to the US Public to clearly define the impacts of these bills and have honest open debate, clearly informing the public of the details prior to signing?
Sunday, July 26, 2009
America, you are still being played
This is so big, I'm not sure where to begin...let's take the shotgun approach.
News reported this weekend that Obama announced a study indicating that small businesses pay more for employee for health insurance than big corporations, citing that this was "unsustainable -- it's unacceptable." He continued on to say, "And it's going to change when I sign health insurance reform into law."
An interesting claim as HR 3200, clearly states the opposite. In fact, the house version proposes that employers with payrolls above $250,000 must offer health insurance or face a surtax of as much as 8 percent. The Senate version requires all businesses with more than 25 employees to provide health insurance or pay a $750 fine per year.
For those who may not be familiar with the insurance company business, the larger the pool of participants, the lower the cost to those participants. Forcing small businesses to have health insurance will not change this dynamic unless Obama institutes one thing which he claims he is not doing, and will never do, and that is a single payer system.
But let's check his actual stance on this.
Obama presents the beginnings of his campaign to the AFL-CIO.
Obama denies the claims he is for a Single Payer system on the Today Show.
John Boehner's response to Obama's 7-22-09 address on health care. Pay particular note to 1:30 onward.
A curious note. Obama has a 'tell'. For those who don't play cards, a 'tell' is a tick, or mannerism, or some affectation that occurs out of the norm when a player is lying. With Obama, this is a stutter. Notice on this next clip, it goes away once he gets back into his scripted dialogue.
News reported this weekend that Obama announced a study indicating that small businesses pay more for employee for health insurance than big corporations, citing that this was "unsustainable -- it's unacceptable." He continued on to say, "And it's going to change when I sign health insurance reform into law."
An interesting claim as HR 3200, clearly states the opposite. In fact, the house version proposes that employers with payrolls above $250,000 must offer health insurance or face a surtax of as much as 8 percent. The Senate version requires all businesses with more than 25 employees to provide health insurance or pay a $750 fine per year.
For those who may not be familiar with the insurance company business, the larger the pool of participants, the lower the cost to those participants. Forcing small businesses to have health insurance will not change this dynamic unless Obama institutes one thing which he claims he is not doing, and will never do, and that is a single payer system.
But let's check his actual stance on this.
Obama presents the beginnings of his campaign to the AFL-CIO.
Obama denies the claims he is for a Single Payer system on the Today Show.
John Boehner's response to Obama's 7-22-09 address on health care. Pay particular note to 1:30 onward.
A curious note. Obama has a 'tell'. For those who don't play cards, a 'tell' is a tick, or mannerism, or some affectation that occurs out of the norm when a player is lying. With Obama, this is a stutter. Notice on this next clip, it goes away once he gets back into his scripted dialogue.
Saturday, July 25, 2009
Welcome to Day 1
Below you will find 6 videos that dispell the need for Gov't Healthcare, 2 Videos that detail the Gov't deficit, where it came from and where we're headed (produced 2 years ago), 3 Videos detailing the possibility of hyperinflation and why, and lastly, 1 video that is a visual demonstration of how fast the Administration is burning through money.
I hope you find them helpful.
PrimeMover2010
I hope you find them helpful.
PrimeMover2010
America's Financial Future by David Walker
The following videos were produced by the US Government, by David Walker, Comptroller General of the US Accounting Office at the time of their creation.
These videos chronicle the Nation's Debt and the unsustainable path we are on. Not that these we're produced during the Bush Administration and things have gotten far worse since then.
If you have not seen them, they are succinct account of the problems we face, explained in a manner all can understand.
These videos chronicle the Nation's Debt and the unsustainable path we are on. Not that these we're produced during the Bush Administration and things have gotten far worse since then.
If you have not seen them, they are succinct account of the problems we face, explained in a manner all can understand.
Hyperinflation Nation
These next videos were produced by the National Inflation Association and pick up where David Walker's left off. As to whether hyperinflation is inevitable or not, we are clearly headed in this direction.
The National Debt Road Trip
This is an effective visual of how fast the US Government is burning through money. It would be funny if it weren't so scary.
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