What is Stinulus and why it failed- and why itll fail again
Topic: Economy, what's left of

 Obama and CONgress attempted two "stimuli" or singular, stimulus, which means an attempt to "spend money" to make the economy improve.

 It hasnt worked TWICE and QE3 is about the same failed experiment a THIRD TIME.

The first two resulted in, in rough terms, another 6 TRILLION DOLLARS IN GOVT DEBT.

Thats enough to trigger default.

Guess what QE3 will do?

 "Stimulus" was an attempt at "capital injection" into the circular macro economy.

That definition alone evidences why it was doomed to fail, regardless of the Liquidity Trap.

 "Capital" is something of value, we usually say "money" because thats how Consumers perceive it, we get a paycheck and can go to the bank and get some money (cash) or pay bills, which does not use "money" to exchange capital (liqiudity) for some goods or services (checking account debit to pay electric bill).

    "Liquidity" is a sub-set of "capital" (I may not be using the precise Economic definitions, but none of us are presumably economists, and you can look up the exact definition in an Econ book) which is 'capital available for use' Water is liquid, ice is not, but adding heat makes ice liquid. "Ice" is not "liquidity" as, just assume, money in checking reserved on ledger to pay the electric bill is not "liquid" as the debt for electric service has eliminated its liquidity.

Crude, but think with me here...

 Why would the "economy" need "liquidity?" Dont the banks have more deposits than they know what to do with? Cant Government print money and introuduce it through NORMAL economic channels?

  No, because those arent working, thats why the desperate Keynesian measure of helicopter drops of money into the economy.

  The problem is the definition of "our economy." That is, a free market (not government controlled) macro-economy (large scale considering every input and output to the economy) in a CIRCULAR MODEL. The last part is why stimulus can never work in America.

The circular model works by a coal mining company hiring miners to produce coal. Coal has value to a power plant operator who burns it to , NOT make electricity, but to "power boilers that make steam to turn generator turbines to generate electricity that goes across the power grid that is used in your home."

The part in quotes examples the nature of a cyclical economy. At every point, there are buyers and sellers, each step, presumably, buys an asset or commodity (coal is a commodity) and in the process of making an output, makes a little PROFIT.

  The consumer, when transacted the checking debi, receives the output from that process as electrical service to heat the house and run the refrigerator.

T he money to pay that bill doesnt fall from the sky in the circular model, it is earney by the homeowner working in the coal mine, which completes the CIRCULAR cycle.

The RATE at which that cycle moves is VELOCITY, which in the US, is dang too close to ZERO.

 Stimulus is an attempt to "inject capital" into that cycle, which is not moving, in an attempt to make it move. It cannot for several reasons:

1.)  money the Government takes in, or prints, has no connection to the cyclical economy. Yes, it can benefit the coal plant in buying coal, but that actually DECREASES the velocity, because that cuts out the part of the cycle from homeowner as coal mine employee making money through the BANKING SYSTEM. If someone gives the Employee the money (welfare) then he didnt work for it, his company did not invest money and profit from the process to then pay him to then pay the bill.

Heard of bank bailouts lately? Consider every part of this cycle, then why the Government DIDNT "bail out" any of the players EXCEPT the banks.

2.) that capital results in less tax income to the Govt, because less circulation = less tax revenue. Realise that taxes are incurred on every step of the process, for example, a factory holding stocks of partially completed automobiles, thats taxed just as the auto sale when completed.

3.) there is less "incentive" for the workers and business owners to participate in the circular economy. They got money for free, why should they expend labor to get it? That would be money wasted.

 Since stimulus actually COSTS tax revenues to Government through an overall economic slow-down, why do it? Doesnt that mean theres no way to pay that stimulus back?

Thats EXACTLY where we are now. They wouldnt do it, except not doing it must have a worse outcome. That worse outcome is obvious considering Government only has one revenue souce, STEALING TAX MONEY FROM YOU and every step of the circular process- it means revenues are down more than the probable losses with stimulus.

  SO, they kick the can down the road, piling on hugely more debt with no way to repay it.

Why should the free market economy pay that debt back if it didnt contract for it? Or, more importantly, why shoud those of us who DIDNT contract for it , pay it back. If the power plant needed stimulus to keep its doors open to make electricity, then they should pay it back from future profits as a loan.

Except the jackasses in DC threw it all away on bad debts. GM didnt pay off, Chisler didnt pay off...banks took the money and invested it overseas...

Total disaster.

  If there's no real connection between this money wasting machine Obama is cranking, and the real economy, who cares?

  "Who" does care, because the Government has no way to pay the debt back aside from robbing it in taxes.

  But they arent rasing taxes, so how wil they repay it? This is where it gets ugly.

  Friedman faults the ordinary man for refusing to look at the real value of money, what it can buy and its overall economic worth, instead, only looking at the "nominal value of money" or, basically, whats in my hand today. Thats a disastrously short view, and key to why many businesses fail.

 The economy is broken to not generate tax revenues. GM, not making cars, cannot pay taxes. So, Government must use sneaky methods that the ordinary man doesnt perceive, and thats through clever tricks like currency debasement and inflation.

  The nominal value of money is more or less 'a one dollar bill is one dollar'. I can take that bill to the bank and get 4 quarters. Thats of no value. The real value is over time, what can I do with that dollar? Can I save it and earn interest (not now) or spend it now on milk since milk is a good price, or should I buy POWDERED MILK for storage of value, because the price of milk will go up in the near future?

   To pay this stimulus debt off without tax income, the Government must do one or many things:

1.) cause inflation to cause the value of the debt to go DOWN, because its repaid in money that is worth LESS. That is counter intuitive to the ordinary man, but take it for granted..Paying back with worth-less funds means there was more or less a REVERSE TRANSFER of value.

Inflation raises tax levels, which increases the Governments income, but you may not realize it in the 'income creep" which results in "tax bracket creep" or higher taxes on milk etc. But since your wages also go up, this complex THEFT goes un-noticed.

INflation also tends to increase INTEREST rates, which is BAD for a debtor, because that means a larger sum must be repaid. Thats why interest is as close to zero as they can manage, and why DEFAULT is so bad-it wil certainly cause the lenders to increase the interest rate on the debt, and they cannot pay it NOW. 

2.)  Debase the currency. Instead of inflation, which increases taxes and interest, (which is shooting oneself in the foot) destroy the value of the dollar relative to other assets of the lender. Since the "lenders" tend to be overseas investors whose currency values cna change with respect to the dollar, debasing the dollar makes the debt worth less.

It also SCREWS YOU since any liquidity you have saved is worth less. The money you have in the bank can now buy FEWER goods and services, not more. You then, in fact been CONNED into paying the debt back, instead of the Government.

And thats what Ive been saying for a year now, the debt is PHONEY and they are screwing you into paying it back FOR THEM, when you did not CONTRACT for the deb and got nothing FROM IT except a weaker economy. 

Your goods on hand, although, are worth the same or MORE because you dont care what the money is worth in respect to those goods/services, since, like me, you dont buy things. Ive invested LABOR into restoring two old vehicles, thus, I have not given GM and Obama my money in spending upwards of $100,000 inculding interest, on two NEW vehicles (dont want that JUNK anyway)

Forget this hysteria about planting a garden and storing water,(although all that is not necessarily hysteria, there are reasons to have extra food on hand) you cannot escape those costs for the most part, but concentrate on the big ticket items such as cars and houses- things getting more expensive due to dollar devaluation. 

But, doesnt you not buying a car ("buy American" hysteria) somehow hurt the economy?

No, and thats the economic ignorance Obama and CONgress are playing on (as well as many CONservative pundits) who have failed to get any economic education, and fall for the fallacy that a single part of the system somehow comprises the entire system, and with that, were back to the DELUSION that somehow a single point entry to the sysstem (injection of stimulus capital) somehow constitutes a positive effect on the economy.

It doesnt, you dont and cannot. Save your own ass... 

 And now, a real example. I just ate green beans that came from our garden. Most people might see that as saving money, since we didnt go to the grocery store and buy the beans. We saved money by not incurring more vehicle expenses, in wear on the vehicle and gas to get there.

WRONG. We LOST money in the short term by eating beans from our garden, and knew that when we planted, harvested and cooked them. The problem is that here where there is litle rain fall, we have to spend MORE money to wate the garden than the beans are worth, especially since the crooks in City Government charge sewer fees for irrigation water to water the lawn and garden. We find the cost increase beneficial in having a little extra food source (if all the grocery stores suddeny burn down, we can eat from the garden and then dont care what the water costs) and having a nice activity (planting and tending the garden) with beneficial exercise, instead of throwing money away on an Alaska Cruise (although the cruise operator probably doesnt see it that way)

The biggest payback from the garden is WORK ETHIC which pays many-times benefit in using free labor to fix the car, and search the papers and Goodwill for used merchandise (like furniture) instead of buying new, or worse, buying new with interest, or, the height of stupidity, going to Rental Center where the REAL professional thieves lurk to not only steal people blind, but knowingly steal the POOR blind. 

This lack of understanding of how money works is why too many Americans are eternally poor on credit cards, get involved in failed businesses and and up funding the Governments debt scam.

The massive damage to our Society comes when people realize they have an easier time on Welfare- that is- until the money runs out... 

MUST SEE VIDEO
Topic: Economy, what's left of

http://maxkeiser.com/2011/07/30/max-keiser-america-will-lose-its-sovereignty/

 

 

Somethings wrong here
Topic: Economy, what's left of

http://finance.yahoo.com/news/Goldman-Sachs-rates-desk-rb-3867419629.html?x=0&sec=topStories&pos=8&asset=&ccode= 

"NEW YORK (Reuters) - More than a dozen traders have quit Goldman Sachs Group Inc's (NYSE:GS - News) North American government bonds and derivatives trading desk in New York in recent months as the bank takes fewer risks and big bonuses for ambitious traders dry up.

Goldman has been handing out promotions and better pay to its salespeople rather than the traders who manage the bank's inventory of securities and derivatives, people familiar with the bank's operations said.

The changes reflect Goldman's shift toward client trading and away from making money by betting for its own account, those sources said. Weak trading in general has compounded Goldman's difficulties as it struggles to earn profits from clients without the help of its market bets, analysts said."

  And Soros is bailing out too. LOOK OUT, something is coming down!

 

MAJOR blip on the DJI
Topic: Economy, what's left of

WHAT HAPPENED TO THE DOW JONES ON MONDAY?

 http://finance.yahoo.com/q/hp?s=%5EDJI+Historical+Prices

--------------------------------------------trading volumes in BOLD------------- 

 Jul 26, 2011    12,592.12    12,618.11    12,457.25    12,501.30    4,007,050,000    12,501.30

Jul 25, 2011    12,679.72    12,682.97    12,509.58    12,592.80    35,368,908,800    12,592.80

Jul 22, 2011    12,724.71    12,768.31    12,605.59    12,681.16    3,522,830,000    

12,681.16

 EDIT 28 July : Nothing happened , the actual DOW volume was 4,910,935,365

up a bit, but nothing worth jumping from a window over.  Bad data from Yahoo,

[EDIT8/3 ..but Im not going to STAND under any windows either, especially if they go several stories up.]

------------------------------ 

TEN TIMES PLUS, the normal volumes on ONE DAY.

Cant find any news on the subject. BAIDU apparently had large trade volumes yesterday, but that aint Monday. (flight to Chinese stocks?)

And, Freidman on economics. You MUST get the book Money Mischief by Milton Freidman and STUDY IT. This is not a weekend -read. I've had college level Econ and it gave me a headache, many paragraphs I had to read 4 or 5 times to understand.

  This was Copyright 1992-1994, long before the current mess, but there are some extremely interesting take-aways that cannot possibly be biased by present conditions, as not even Friedman is that level a Prophet.

We are, as I suspected, in DEFLATION, NOT INFLATION. The proof was from a shocking corner of the economy. First, a critical statement:

"The recognition that substantial inflation is ALWAYS and EVERYWHERE a MONETARY phenomenon..Why do Governments increase the quantity of money too rapidly" (emphasis added) ibid., p. 193

  If deflation or inflationis the question, its GOVERNMENTS fault, and not the Unions, or Arabs/OPEC or other invented boogey-men. Evidences of why Unions et al are not the culprits are given in Chapter Eight.

  Inflation (hyper-inflation) and/or deflation are the key question now.

  On the angle of "its Governments fault" which is especially obvious considering the crooked goings on now in DC, Id like to offer this twist on the basic Macro Economic equation that relates money to the Economy (this is the REAL economy, not the smoke and mirrors Administration Shadow Economy that the Debt is going to feed, it produces NOTHING and therefore cannot participate in the Free Market economy except to totally fuck up the circular model)

                                          MV = PT

where M= money supply, V = money velocity, P = average prices and T = transactions or an index of all purchases of any type.

  Recalling the above about Government being the sole cause of inflation, rearrange the above equation to:

                                      M = PT  / V

with Government factors on the left, and private sector macro -economics on the right.

Then realize that all of Obamas "attempts to stimulate the economy" are a DELIBERATE HOAX. Government has nothing to do with the 'right side economy' except to screw it up with irresponsible monetary policy.

  Whats the result of moving all factors to the Left Side?

                                      MV / PT = k

I've invented 'k' as a constant, which is unity under Friedmans statement"

"the equation is an identity" p. 39 

That, indirectly stated in this book is COMMUNISM and its what Obama is up to, total control of the US economy, and Communism is indirectly and directly linked to hyperinflation:

"There is little doubt that bureaucracy, corruption and bad financial management, which led to the collapse of the money market and a true hyper-inflation, were major factors contrbuting to the defeat of the (Chinese) Nationalists...confiscation (of wealth) The hyperinflation not only helped sweep the Communists into power.Once the warfare was over, the Communists were able to eliminate the hyperinflation and that unquestionably helped cement them in power." p. 180

And thats EXACTLY what Obamas up to..if it smells like a rat, it is a rat... What ELSE is being attempted with apparently printing helicopter drops of money thrown to the winds but an attempt to cause inflation?

  But, were actually in deflation:

"Inflation in the range to which we have become accustomed, let alone in the hyperinflationary range, became feasible only after paper money came into wide use. The nominal quantity of paper money can be multiplied indefinetly at a negligible cost; it is necassary only to print higher numbers on the same pieces of paper." p. 190

NOTICE THAT THE US RECENTLY ELIMINATED THE $1000 BILL. Take the reverse of the above statement:

"The nominal quantity of paper money can be divided indefinitely ...by printing LOWER numbers on the same pieces of paper." (my restatement in reverse of the above quote)

They tried to make you believe that eliminating the $1000 was an attempt to reduce counterfeiting. If it actually was, then consider where that goes...

  The re-statement indicates that eliminating the 1K bill reduced the quantity of money in the system, thus is deflationatory. If the 1000s were just burned, then both the quantity of face-value is reduced plus the number of paper notes is reduced. If the 1000s were replaced with 100s, then the number of bills in circulation is the same, but with less total monetary value. 

 Since the OMarxist Regimes printing of a massive debt has done nothing useful to the macro-economy, I assume one or all the following:

1.)  its not going to, because the only effect of Government dabbling in Economics is to affect the money supply, thus, there hasnt been any money printed, else there would be inflation, and there hasnt been except in limited corners like food prices linked more to OIL than money

2.) k in the above equation is = ZERO or some small amount

3.) the inflation of the Govt printing all these trillions has been offset by the deflation of eliminating the $1000.

That welfare money, however, will buy votes towards a COMMUNIST TAKEOVER.

 Heres how I get to a fabricated 'money printing that doesnt exist" and "an attempt to seize private assets" that Ive already Blogged about:

" Financing Government spending by increasing the quantity of money is ooften the most politically attractive method...provide "goodies" for their supporters and constituents, without having to propose or vote for new taxes..." p. 207

(Friedman elsewhere in this book states that there has been a de-facto tax increase in the US since Reagan (at least) through INFLATION) 

 But, no money needs to be printed, because Friedman admits to other methods such as ledger entries (book-keeping entries instead of real money)

"The only other way to finance higher Government spending is by increasing the quantity of money. The US Government can do that by having the US Treasury... sell bonds to the Federal Reserve System, another branch of Government. The Federal Reserve pays for the bonds either with freshly printed Federal Reserve notes (dollars) or by entering on its books a deposit to the credit of the US Treasury." pp 205, 206

PHONEY BALANCE SHEET ENTRIES. Bonds traded for BOOK KEEPING ENTRIES. NOTHING REAL. I say "fraudulent" since nothing real is exchanged, in exchange for REAL DEBT that OMarxist and CONgress are drowing in.

"Higher government spending will not lead to more rapid monetary growth and inflation if the additional spending is finance either by taxes or by borrowing from the Public."         p. 205 

The Public aint lending. So, the scam, IMO goes- "deflate the currency by eliminating the $1000 note, make wild claims of inflation where there is none, print money to prove it (notice thats stated in reverse, the printing has to come first) make a massive debt which requires Public money to pay down, then, back to the Chinese Communist takeover:

" In a final desperate measure, ...reform of the currency...prices frozen (they are in the US) AND ALL PRIVATE HOLDINGS OF GOLD, SILVER , AND FORIEGN EXCHANGE WERE TO BE SURRENDERED WITHIN THREE MONTHS." p. 180, emphasis added

ARGENTINIAN ASSET SEIZURE. 

http://www.benefitscounsel.com/archives/001934.html
 

"Argentine bond yields soared above 24 per cent before the announcement late yesterday, and the benchmark Merval stock index tumbled 11 per cent. The last time the government sought to tap workers' savings to help finance debt payments was in 2001, just before it stopped servicing $95 billion of obligations."

http://www.business-standard.com/india/storypage.php?autono=338161 

AND, more critically:

"Fernandez said yesterday her decision is “in a context where the biggest countries” are taking steps to protect their banks because of the global financial crisis."

 THAT'S OBAMA AND CONGRESS' BANK BAILOUT. NOTICE THE DATE - 2008.

  Pretend to print money, where none has been printed, pretend its a valid debt, project through deceitful means that debt on the Public (YOU) then STEAL FROM YOU YOUR REAL MONIES TO REPAY A FAKE DEBT.

Its the biggest FINANCIAL CRIME EVER. 

When it finally happens and people figure it out, again, I predict nothing left standing in Washington DC except maybe the Washington Monument.  No streets, no buildings, no Congress, no White House, no nothing left except smoking holes in the ground.

Think this theft is a coming attempt? It's ALREADY STARTED with HOME SEIZURES. Part of the scam was the Liar Loans and credit card debt. As Ive been saying, now the banks own most of the houses and posess most of the money (since investors fled the markets in 2008 and dumped liquidity on the banks)

 Why arent interest rates going up? I missed the prime reason, that inflation increases the Govts debt load as it increases the interest at which loans must be repaid. And as long as such loans are the onyl means of financing Govt expansion, interest rates must be low. Vicious cycle.

Also, with the Banks flush with cash, why would they WANT to raise interest rates? Interest is offered to attract deposits, and if they have no use for all the deposits they have now, whats the point in paying interest on money theyve already got deposited? Thats a fools errand...

 Now, onto DEPRESSION:

" One major finding (of some economic research) has to do with severe depressions. There is strong evidence that that a monetary crisis involving a sibstianti decline in the quantity of money is a necessary and SUFFICIENT condition for a major depression." p. 48

Stocks are included in "money" so guess where deflation of all these assets, money, stocks, houses, goes to? Our present and about -to -get -worse -next -year Depression. 

 And a clear link between the RATE of deflation and depression is given. How much" is to be determined, IMO, if its not already happened. After all, what ELSE can happen except price-level deflation when people who are unemployed and suffering from markey jitters either have no money to spend, or are unwilling to spend it? Prices MUST go down.

Chinas big deflation linked to ag failure:

"..export of silver produced a decline in Chinas stock of money that spread the deflation from internationally taded goods to the general price level. ... depressed  economic conditions..largely a consequency of the montary deflation...Estimates of gross domestic product indicate thet real income in China fell ...primarily because of bad agricultural harvests.." p . 182

And today, news of bad harvests in the US due to floods/droughts. Replace "silver" with "OIL". General prices are down mainly due to unemployment and real estate devaluation, and not a little.  

If OIL isnt the basis for the fiat -Dollar, what IS? 

  This also appears to relate to today:

"The rapid growth in  output (housing, for example) and in financial activities (run up in the stock markets to 2008 almost to 14,000 to the dollar, odd *14000,41) in both countries led to a greater demand for real money balances per unit of output (a decline in velocity). p. 198

Isnt V approaching zero now? Whos spending? Its sure not business investment, or ventures, or housing. Arent "real money balances" up significantly" Yes, they are parked in BANKS right now.

M = PT  / V, with V approaching zero, product PT must climb, but isnt. If the Right side is climbing, the left must also to attempt to maintain unity. so, they supposedly print money to throw to the winds. But, as expected, it does nothing for the overall economy, because M is purely a Government FICTION. Yes, the Government printing money to pay some IRS employee (to steal from you) to pay his mortgage in Virginia does a LITTLE good for him, but nothing for the overall private sector macro-economy as it is CIRCULAR (one transaction affects the entire cyclical chain) and this "sideways" infusion of money CAME FROM NO PRODUCTIVE SOURCE. Government didnt manufacture anything that resulted in a profit from which to pay this employee.

Since product P-T is not rising, then M isnt either, showing the "printing of money" does not exist. 

  And foolish cries about a return to the Gold Standard. That train wreck is a main topic in Money Mischief:

" No permanent measure of value can be said to exist in any nation while the circulating medium consists of two metals (gold and silver bi-metallic standard) because they are constantly subject to vary in value..." p. 152

Same with a single metal standard, no system based on a commodity can be stable as the commodity has two values then:

1.) currency value

2.) commodity value (what the gold or silver, for example, is worth to industry)

"The price decline of the 1870's t...affected silver as well as other commodities (unavoidable  if the money is a commodity also). By 1876, the dollar price of  silver was lower than the official legal price." p. 115

"...once the Resumption Act documented the wide spread opposition to paper money and the equally wide spread  belief in a specie standard (silver) as the natural order, the populists turned to silve as a vehicle for achieving INFLATION."

Its not silver now, think, now, what commodities could take its place...???? Think "ARAB."

OIL is the new gold standard. Whats the difference what the paper money is based on, oil, gold, silver or cow turds, as long as society at large values it, and for DAMN sure, theres more value in oil than gold, because everyone uses it. 

 " "France... was forced off that standard (bi-metallic standard, 1803) ...Germany disposed of large amounts of silver, simultaneously putting upward pressure on the price of gold and downward pressure on the price of silver (Frances money). The combination made it impossible for France to continue the price ratio of 15.5:1." (theres a pretense now that some mystical, historical 16:1 gold/silver ratio is in effect) p. 110

 This shows not only inherent instability of a metallic standard, not only a macro-economic failure, but a world wide action as well. When prices (values) of commodity money swing, the coinage can be melted down for sale as a commodity, and there goes any illusion of a stable currency.

"If resumption..silver would have become the cheap metal whenever the gold-silver ratio rose appreciably above 16:1, ... producers of silver would have found it advantageous to bring their siver to the mint rather than selling on the market, and owners of gold coins would have found it advantageous to melt their coins down and sell the gold on the (commodity) market rather than using it as coins..." pp 59, 60

  That does not make for stability.

  The obvious problem with gold is that its too valuable to use as currency, an ounce coin now is $ 1600 and try to get change for that at the grocery. This leads to paper currency linked to gold or silver, but the only improvement is fractionalisation, not stabilization (its easier to break a $100 paper bill into $10s as paper as a commodity is worth almost nothing by itself, no one hoards "paper")

  Those are just a few excerps from Money Mischief and how I believe they relate to todays events. My idea is to stay in cash and hope that an utter collapse that leads to outright seizure of bank assets doesnt happen.

What's the alternative? To be in some tangible asset. Then why, so the Government can seize THAT TOO? Buy land? Hell, miss one tax payment and the Govt owns it.

Own gold? Chinas seizure of gold and silver proves thats not a safe bet.

Own lesser valued, non titled/deeded property? Communist Cuba proves that unreliable, as a Cuban refugee told me. He applied to the Cuban Government (good ol promise them prosperity Obama, I mean- Castro- I mean, whats the diff?) to leave to come to the US and the Government said "sure you can leave-if ALL YOUR ASSETS ARE IN PLACE A YEAR FROM NOW WITHOUT SPENDING ANYTHING." They itemized all his posessions DOWN TO THE TOASTER. If hed spent anything (bartered the TOASTER) for money to survive, hed been denied Exit.

He told me that the only way he survived was friends in the Military.

  As I see it, theres another Dow Jones drop coming next Spring. Jobs arent getting any better, its obvious to have food, water, necessary posessions (I just bought new tires for both vehicles, for example, not only were the old ones worn out, but to get them now...) anticipating inflation or supply shortages. I extremely doubt the Government, drunk on spending trillions, cares about my tires, except to inflate the price and make out on taxes. Theres a limit to what assets can be practically seized in the US if for no other reason than the large area of the Nation. Bank accounts, deeded/titled property, all fair and EASY game. Argentina proves how "secure your retirement account it" - havent they STOLEN SOCIAL SECURITY FORM YOU?

A house and land? They are already stealing those from you (maybe not "you" in the singular sense, but plural) through the housing crisis. Dont their banker buddies already have more houses than they have any idea what to do with? What happens to your land (and house which is more or less immovable, but it can accidentally burn to the ground...) when the money is useless and the land taxes come due? The Government OWNS ALL LAND THEN because you legally did not pay the taxes, and I doubt your local Tax laws consider what happens during a currency collapse.

  Their best effort will be to continue to steal you blind "under the radar" but that only works until something tips this economy, in a Liquidity Trap, one way or the other:

" The neoclassical economists asserted that, even in a liquidity trap, expansive monetary policy could still stimulate the economy via the direct effects of increased money stocks on aggregate demand. This was essentially the hope of the Bank of Japan in the 1990s, when it embarked upon quantitative easing. Similarly it was the hope of the central banks of the United States and Europe in 2008–2009, with their foray into quantitative easing. These policy initiatives tried to stimulate the economy through methods other than the reduction of short-term interest rates."

http://en.wikipedia.org/wiki/Liquidity_trap

 It didnt work in Japan, and its not working here, no matter how much money they drop from helicopters, its going into DEBT HOLES, not buying goods and services. The further effect, IMO, of the current Trap is that throwing money at poor debtors only causes them to pay debt with it, which does nothing for the economy (since the lenders dont need any more money) and those not in debt have money and would probably only SAVE that dropped money, again, resulting in no economic activity.

  WHEN (not if) they stop "printing money" and the "M" - left side of the equation grinds to a halt, then the money supply might be greatly reduced and deflation increased. On a stagnant (dead) economy, what would the difference be? if so, I want to be in CASH as prices drop and I can, as Hamou told me, "pick up peoples assets in the street..."

  Since Id trust OMarxist and his banker buddies to steal it, Id recommend the Bank of Mason... 

EDIT- lest you think I jest about someone burning their house down in foreclosure:

http://hosted.ap.org/dynamic/stories/U/US_FORECLOSURE_PAPERS_ARSON_FIRE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-07-27-12-15-24

 

EDIT: "Growth slows across much of the economy"

 "WASHINGTON (AP) -- The economy worsened in much of the country earlier this summer, hampered by high unemployment, weak home sales and signs of a slowdown in manufacturing."

http://finance.yahoo.com/news/Fed-survey-Growth-slows-apf-1208654941.html?x=0&mwp_success=NONJS_POST_SUCCESS#mwpphu-post-form 

BUT NOTHING ABOUT THE DEFICIT FIGURING INTO THE ECONOMY.

Simple, the economic engine could give a damn less what Washington does, it doesnt enter into the economic equation. 

 And like I said above, "stimulus" is being thrown down DEBT HOLES doing no economic good:

Debt in America: The Most Indebted States

"Residents of California and Hawaii are the most indebted individuals in America, but they’re also among a group that are making the most progress in paying down the amount they owe, according to a MoneyWatch analysis of state-by-state debt statistics."

http://xfinity.comcast.net/slideshow/finance-mostindebtedstates/california/%27%20rel=%27nofollow/ 

 Thats what they SHOULD do, but no one can pretend that this money spent will do any economic good for the present or future, its spent on PAST ECONOMIC ACTIVITY.

 

Obamas economic fraud
Topic: Economy, what's left of

The 2A Blog is at the highest traffic ever...-------------

"Spending"

OK, lets do a bar napkin calculation of whats happening. Macro Economics 101.

They "spend" "money" my EYE. NO ONE is spending "money" here, its all computer balance sheet entries else with this level of "spending" and "debt" there would be no trees left...

NO ONE is paid in cash here, so "money" is not being used. Especially in a fractional-fiat system (approaching a cashless society)

OK, now that its clear that theres no "money" being "spent" check this -

They are "spending" more than receipts. = TWO issues, NOT ONE:

1.) deficit "spending"
2.) national debt

They are not the same, one leads into the other but not vice versa.

They "transfer" some fund balance to, say, an IRS employee. Thats spending from a debt, they have to borrow to pay it.

Borrow what? Money? No, "credit"

How is it "borrowed?"

Apparently from "bond sales" which means that nothing tangible is being sold. They arent selling a bond in a municipal water supply somewhere with tangible asset value, its smoke and mirrors on paper.

A "bond" is sold where its nothing but a promise to repay. The exchange between contracting parties is "funds to shift towards a debt hole" against "promise to pay by a Govt which is eternally bankrupt"

Smell a rat? It cannot BE repaid. $15TRILLION will be repaid with an economy in a smoking hole? NEVER.

So only the insane investor would "lend" to such a "borrower" proving THERE IS NO LENDER. It sure as HELL isnt CHINA, they bailed out of US Bonds, so were told.

So this cycle of borrowing to cover debt continues and now we hear two things from both sides:

1.) taking from "entitlements" like Social security into which CITIZENS have PAID REAL ASSETS

2.) increase in TAXES which is closer to "money that is real" This is taking real value from the cyclical economy (real economy, not Govt smoke and mirrors)

See the scam? They are not just "creating" but "inflating" an imaginary debt hole, where nothing was actually "borrowed" and attempting to STEAL REAL FUNDS to "pay it back"

The proof that nothing was actually "borrowed" (of any real value) is that nothing was exchanged of any real value and its generally contractually fraudulent to have an exchange thats only one-way.

And whats worse than that fraud is that if, for example, it is China "lending" these imaginary funds then its a scam to repay an imaginary transfer from China back in REAL FUNDS stolen from Americans.

Biggest financial FRAUD in HISTORY. This is a giant reverse transfer of funds stolen from the American People to pockets in Government.

https://second-amendment.tripod.com/d2a

call for return to Gold Standard - DEFLATION
Topic: Economy, what's left of

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8638644/Return-of-the-Gold-Standard-as-world-order-unravels.html

 CRITICAL comment:

"Fed chair Ben Bernanke confessed to Congress that growth has failed to gain traction. "Deflationary risks might re-emerge, implying a need for additional policy support," he said."

 There is no option BUT deflation. No ones buying much of anything, either being have-nots, or savers. The end result to the economy is the same, and the Fed has no ability whatsoever to AFFECT THE MONETARY SYSTEM AND ECONOMY.

People, REJOICE, THE FED IS DEAD!! The GOAL IS REACHED.

The classical aim of the Fed is to influence/control the money supply to control inflation. It aint working.

 

DING DONG THE WITCH IS DEAD.

 

and

""It is very scary: the flight to gold is accelerating at a faster and faster speed," said Peter Hambro, chairman of Britain's biggest pure gold listing Petropavlovsk."

but the PRICES dont reflect any great "flight to gold"

 There are two types of trading-medium:

1.) gold and silver (precious metals etc) that have an intrinsic value, used ALSO as a trading medium. Its not possible to return to the gold standard as gold is WAY too expensive to trade with, including inherent value, for much less than a house or business sale. No one can buy MILK with gold.

2.) "fiat paper" is demonized as evil, but it is not. Its just paper, regardless of gold backing or not. We build the most successful economy in history on it, until the Credit Monster showed up.

  The beauty of fiat is that in a crash, a value linked backwards to commodities (not just gold, but milk, for example) can be established such as:

"before the crash a gallon of milk was $2.00 so now well say the dollar is worth 1/2 gallon of milk.

That goes someplace BAD if you think about it. VERY bad. Go there and youll see what O'Traitor is up to...

 

ITs called "CONTROL OF THE MEANS OF PRODUCTION" one of Marx principles and we know OTraitor worshipps Marxism.

Speaking of O-Traitor, hes on TV right now talking about the budget and making an unusual number of defensive hand gestures.

 

Like Hamou told me:

"wait till peoples assets are lying in the streets then pick them up"

Example- I know of a brand NEW luxury motorhome that was almost 1/2 MILLION dollars new, cant sell it, the ask now is 180K. still it wont sell. The dealer admitted the economy tanked around them.

Now, 180K isnt exactly "lying in the streets" although they might disagree.
Lying in the streets" means abandoned after declared useless.

 

Making economic sense
Topic: Economy, what's left of

  The news right now is "US Govt credit downgrade unless USG GOES FURTHER IN DEBT" 

Makes absolutely no sense, eh? Ive been wrestling with this one for weeks now, and the light comes on. 

Most of my posts here have at least 2 weeks to 2 months of pondering behind them, they are usually not written on the moment.

Its different here in the US than in Communist and Socialist Nations like Greece where the debt plug was pulled, or is being pulled, as in Gree and Spain (PIIGS) 

 The difference in the USA is that the GOVERNMENT IS NOT THE ECONOMY.

The Government in Commie and Obama-ist Nations IS THE ECONOMY and when the Govt economy collapses, so does the private sector.

The two are separate here, or should be. Actually, Constitutionally, there is no authorization for the Government to be playing Business and Economics, its a giant leech of Taxes on the people.

Its now proven that:

Government spending does not boost the private sector economy

Obama is a COMMUNIST because he believes in and is advocating debt, as if the Government runs all business.

I get this sneaking feeling that if the USG does go flat, the private sector will FLOURISH. 

 What got me on this Rant was a response to a You tube video about a Patriotic Flash Mob that went into a grocery and started playing "Stars and Stripes Forever"

A commenter marvelled that You Tube deleted posts that contained "offensive material" and that in his foriegn view, that wasnt consistent with American values of Freedom.

My responses are and I didnt post them, except here:

1.) Its irrelavent what he thinks about US from over there in his Communist or Obamalist NAtion

2.) In America, the Government doesnt *yet* own every company. You Tube is free to delete any post, any video, their entire website if they please.

Maybe in HIS communist or Obamalist hell hole, the Government can enforce such things onto private Citizens and corporations (notice I didnt include corporations in the class of Citizen because they arent) but not here.

yet... 

Todays Automotive news- CAFE standards
Topic: Economy, what's left of

Group says steep CAFE hikes would come at great cost

The Center for Automotive Research (CAR) in Ann Arbor, MI, says the average increase in vehicle price automakers would need to charge for compliance with long-term corporate average fuel economy (CAFE) mandates that are now being considered by the U.S. government range from $3700 to more than $9000. The government is considering annual increases between MY2017 and 2025 of 3 to 6%, for a final-year CAFE standard of between 45 and 62 mpg. In most scenarios, the additional vehicle cost would be more than the amount of money consumers would save over a five-year period due to better fuel economy—even with gasoline retailing for $6/gal. CAR researchers predict that, rather than pay the much higher vehicle prices under any of the scenarios, many consumers will hold onto their vehicles longer. That would translate into fewer new-vehicle sales and fewer automotive jobs. The U.S. Environmental Protection Agency and National Highway Traffic Safety Administration this fall are expected to formally propose CAFE standards for MY2017 to 2025. CAFE standards already have been adopted to MY2016. (Source = SAE)

1.) Notice the word "MANDATE" Like Ive said before, the car companies are NOT the root problem, its the All Knowing, All Efficient GUBMINT who are MANDATING LOW FUEL MILEAGE VEHICLES TO KEEP OIL COMPANY PROFITS UP.

Economic management isnt all bad, but this? I dont know...

2.)  Another 3-9K for 60 MPG? Possibly, but THEN realize:

a.) add on the percent-wise increase in fuel prices

b.) and realize they aint gonna get there with gasoline. Gasoline engines are 30% efficient on a good day because they are low compression and cannot be made high compression due to the chemical nature of gasoline. Diesel, alcohol and propane are kings in the high compression world, so well be using them. "E95" is my guess (there is no such thing as "E100" for chemical reasons)

FACT. Chevy produced a 1985 Chevette diesel that got 65 mpg highway when new, Ive ridden in it, its still getting 55 hwy. Tin can rattle trap on wheels, uncomfortable on long trips, but the interiors can be updated to take care of those problems.

3.) "CAFE" means average of all vehicles produced which means no more heavy trucks or pickup trucks- anywhere, or very small sales of them at a high price.

4.) The idea of "higher price in trade off for fewer jobs" is more or less a scam. Where else is a product engineered to DEATH over 100 years and still more is needed? EMS computers, FI computers, yes, but thats ALL thats needed, not this garbage they are loading into vehicles just to keep engineers busy and prices constantly going up.

Take the 85 Chevette  up near 100mpg .. a heavier bottom end, more compression, fuel pre-heater and control computers - then modernize the interior and shape the exterior and there it is, 60-100 mpg on clean diesel, and "clean diesel" (meaning combustion through tailpipe emission) has been around for a while, it was tested on fire trucks so the environmental whackos have nothing to cry about as far as diesel fuel goes. 

5.) B.S statement:

"In most scenarios, the additional vehicle cost would be more than the amount of money consumers would save over a five-year period due to better fuel economy—even with gasoline retailing for $6/gal.  "

 ANYONE fool enough to believe that some profit mongering company wont do anything possible to steal that savings? GAS AND DIESEL ARE $4 + NOW, hows using 1/3rd of  the amount of fuel, and causing prices to rise by 3X (?) going to work out THAT way? Youll see $10-12 Ill bet.

6.) " That would translate into fewer new-vehicle sales and fewer automotive jobs."

 Say WHAT? Fewer than what - NOW? Not likely. When Detroit stops making the GARBAGE they are turning out now, I bet sales will go UP. I refuse to buy their crap because I know whats inside it. Like the Chevy pickup in Iowa with a small snow blade on front, with the wheel hub busted out on the rear. TRASH.

coming DOW jones crash
Topic: Economy, what's left of

 

 H means housing, L means liquidity.

1.) There was not a crash in the "stock markets" just as I've been saying. What happened was a return to previous value in 2003 after the jobs crash of 2001. Not that the low is so low, but the high was higher. Speculatively higher.

See the humps in the chart indicated by the span of the red lines? Most stocks I watch do that when they are trading. On an upswing the end of the hump is higher than the start, vice versa on the way down, but the critical thing is that there are usually THREE HUMPS up or down, then a reversal.

Were on # 2-1/2 right now since 2-3Q 1998

The so called crash in 2009 was nothing significant except for the RATE of decline, which appears to be a result of the rapid buildup from 4Q 2005 till 3Q 2007, aka the "housing bubble." 

The bubble evaporated and stocks were raided to pay off the bets.

Another bubble has formed, from 2Q 2010 till now with a pause now as in 1Q 2007, then a year run-up to another ridiculous high, but fueled by what? It AINT HOUSING.

Its LIQUIDITY. Investors cant put much in banks because of the 250K FDIC insurance limit, so they stuff it in stocks, like they did in the housing bubble.

Next up, DOW tanks, not to an extreme low, but a stupid high. 2Q 2012 if the third hump is like the second.

Look at lots of stock charts if you dont believe the "3 hump" thing.  Zoom the charts way out (5 years?) and look for trends of 3 humps where the up or down trend is defined by the end of a hump being higher, or lower, than the start.

Lets see if Im right, Ive predicted the game is for the banks to end up owning BOTH the HOUSES AND THE MONEY. They got the houses in 2007-2008, next target, drain the stock markets of the residual liquidity.

get ready to buy everything that isnt nailed down next April. 

Since there are three 'up-humps' since 2Q 1998, guess what happens in 2Q 2012.

It starts with "d" 

 

Carnegie program including comments on the current US depression
Topic: Economy, what's left of

http://mhznetworks.org/schedule/

7/1/2010 10AM Chicago time, I assume is the correct listing.

A speaker at Carnegie referred to, early in the speech, to the present DEPRESSION in the US Economy by comparing the downward spiral in consumer spending to that of the Great Depression. While I dont recall the exact phrase, it was along the lines of a vicious cycle of lack of spending leading to a lack of spending. 

WE ARE IN A DEPRESSION, not a recession. Its just the degree of Government and media complicity in covering it up for the Obama Abomination to keep in the House and keep their political games going.

I heard a couple days ago, source unknown, that one had opinioned that the economic collapse was evident in 2006 as a result of a sudden increase in Pawn Shop activity. 

The deceit of the Carnegie hack was bleeding OBVIOUS when he, just after that 'shock statement' delivered the OUTRIGHT LIE that America was suffering a lack of social services and it was all the Republicans fault.

Lack of social services in the largest WELFARE STATE EVER TO EXIST ON THE EARTH? 

hes a LIAR, simply put, politically motivated hack. 

 

energy stupidity
Topic: Economy, what's left of
The idea goes that somehow, making a small car that can run on electricity will somehow solve CO2 emissions, never mind it will, relatively speaking, MAKE MORE CO2 emissions because it is impossible to make electrical energy and transport it to charging stations more efficiently than local generation, plus, local generation doesn't have transmission line losses, and they are very large, or very expensive to reduce in long distance transmission systems.

 "Relatively" means that the only reduction in CO2 will come from making cars SMALLER and LIGHTER (read "death traps on the highway") to reduce total energy input. To do so and maintain any resemblance of safety, ALL the vehicles must be made similarly smalle and lighter.

 It IS LESS efficient to burn gasoline, power a generator, make electricity, convert it, put it in a battery bank than to simply burn the gasoline to propel the vehicle. Sure the electric vehicle system has a partial (motor) efficiency of 85% versus a gas engine at 30 on a good day, but the conversion and storage eat the benefit up.

 It is impractical to store eletricity short term and IMPOSSIBLE to store it long term, which is why we use LIQUID FUELS. Realize the reason we use liquid hydrocarbon fuels is that these fuels are a result of thousands of years of solar energy being stored in the Earth, and its beneficial to transportation because it provides not only an extremely dense energy source for an individual vehicle, but also is in sufficient quantity to power mass transportation.

  It is possible to plug in a couple EVs here and there and use this as hype for passing useless technology on an ignorant Public (investor)  that doesnt see the scam, they are attempting to pass off a MASS TRANSPORTATION future on you, and get you to PAY FOR IT IN TAXES, based on a microscopic experiment now, sleight of hand showing one EV here and two there and pretending that vehicles which are ALREADY a failure (they have to have gas engines) has any relation to MASS TRANSPORTATION.

 A few vehicles do not, except that some of the COMPONENTS are similar, and those are in the VEHICLE components, not the vehicle as a total.

  What stinks about this up front, as anyone with system engineering background had BETTER detect up-front, is that the SYSTEM ENGINEERING is being ignored, and that always leads to disaster.

  Instead of focusing on smoke coated mirrors, lets look at the system level design.

  The "system" consists of an EV that does NOT carry a gasoline engine to make eletricity, because, DUH, the whole POINT is to eliminate the engine. The system must be Electric Vehicle, batteries and a charging plug in from commercial power mains.

OOPS, there is no commecial powerr, that generates CO2.  

  It is impossible to power a meaningful number of EVs from the grid now, as in many/most places, its on the edge of collapse already.

  Whats required is to analyse the total transportation energy need (thats on the useage side) compared to the GENERATION SIDE, and if using fossil fuels to power cars is not acceptable, it is not acceptable to use fossil fuels at the POWER PLANT either, so the Green Agenda must be satisfied ONLY with locally generated solar or wind power.

  And they cannot have wind power, because thats doesnt work without MILLIONS OF GALLONS of PETROLEUM OIL and MCF of NATURAL GAS. 

  This is the scenario they are attempting to get YOU to PAY FOR and why  it can never work except maybe in Outback China.

  The US EPA claims 127 MILLION + cars on the road, just for a number to plug into a calculation. THAT DOES NOT INCLUDE HEAVY TRUCKS AND TRAINS THAT BRING YOUR FOOD.

http://www.epa.gov/OMS/climate/420f05004.htm 

  The second input consideration is energy consumption of one of their death trap scam cars, lets assume the new Lotus Emas,  whose motor is rated at 75Kw (100 HP), then consider this:

"Claimed range is 55-60 km (34-37 mi) in pure electric mode. At that point the range extender kicks in to drive a generator that powers the electric motor and also recharges the battery." (quoted from a current Society of Automotive Engineers source)

 SORRY, there is nothing besides "pure electric mode" Any other will kill the Planet.

 SORRY, cant have a gas engine. The cars range is 30 miles.

  In the above "CO2 free scenaro" YOU STARVE TO DEATH because farmers cant grow food and trains and trucks cannot deliver it, and theres no REFRIGERATION because there isnt a prayer that alternative energy can supply THOSE power demands.

  But, to prove it can never supply Mickey Mouse cars, do the Math the Greenies are hiding from you --

75Kw is 75,000 watts PER SECOND. That is NOT KiloWatt-hours (KWh) on the electric meter. Electrical energy is used in "per second" units.

75,000W /second x 60 seconds per minute x 60 minutes per hour = 270,000 KWh.

  Now, if youre concerned about your present household electric bill, realise the big energy hog is the electric clothes dryer with a 5Kw heating element. This death trap car just blew past that consumption, and runs much more of the time than the clothes dryer.

  The critical info missing from this SAE article is SPEED. Borrowing from a recent SAE article on another hybrid which went  12 miles per hour on only electricity, lets assume max speed of 30 mph, practical for in town driving, but worse than useless on the highway. We cant waste energy in mechanical transmissions and on wind load, so your vehicles top speed just went way down.

12,000 miles average per vehicle in the US is a current estimate, heres where we attempt to factor in some reality. BUT, its gonna take 2 or 3 times as long to get there because these cars cant do 60 mph.

12,000 miles / 30 mph =400 hours. Thats the same hours as in kilowatt-hours:

400 hours to go 12K miles x 270,000 KWh the electric car use equals

108 BILLION watt hours

The electric meter just exploded. 

 That figure doesnt include LOSSES in transporting that electricity across power lines and storing it in leaky batteries, the figure is so mind boggling that who cares about another 10%? And it is IMPOSSIBLE to store the electriciy anywhere in any form.

Now, realize thats spread over a year, so it works, right? Yes, for ONE CAR.

Thats for YOUR car. They are selling these smoke coated mirrors based on YOU alone, they are pretending that a car that works for YOU is practical for Nationwide mass transportation.

Multiply that 108 BILLION watt hours by the number of vehicles on the EPA page:

108 GWh x  127M passenger vehicles = (the calculator just melted down)

The numbers are so large that the calculator cannot handle them without scientific notation:

1.37 ^19 KWh. A trillion is to the 12th power, so we just left "trillion" in the dust..

Thats 10 MILLION TRILLION WATT HOURS 

  Now, pretend they are going to pass this scam off world wide, and look up how many passenger vehicles are in each Country and apply the same math.

It cant be done in this universe.

Now, for this crazy 'alternative energy' stuff.

  NREL data shows that solar exposure on the Earth in my area is 4-6 KW /m^2 (4-6 thousand watts per second over a square meter of surface area of the Earth). Thats a high figure, in many areas in the US its much lower.

 The efficiency of a certain Sanyo series solar panel is 15%. If it were 100% efficient, it could capture that 4-6KW/m^2 but it isnt, it takes 6-2/3 rd square meters worth of panels to generate the whole 4-6 Kw worth of power. Lets assume 5 KW.

  This is a 5000W panel versus 75 THOUSAND watt car and requires 6.66 m^2 surface area and that assumes the steering systems to keep the panels aligned with the Sun and that the sun is shining, and that solar radiation is constant everywhere, and it is not.

The problem these Greenies are hiding from you is the amount of Earths SURFACE AREA needed to generate power for transportation.

 Heres where it gets laughable, except these Green liars are SERIOUS about this hype!

 How much surface area is required with panels that generate 5 KW over 6.66 square meters to generate 1.37 ^19 KWh?

The short answer is "all of it" 

  5KW/s x 60 x 60 = 18,000 KWh, thats the same KWh as the vehicles electric motor uses, and the same KWh as the electric company meter indicates.

  Now that we have KWh on both sides:

1.37 ^19 / 18,000 KWh per 6.66 m^2 = 7.6 ^14 panels that take 6.66 square meters of the Earths surface.

It becomes kind of pointless to multiply that by 6.6 to get the number of square meters, but:

5^15 SQUARE METERS of sun exposure surface area.

 According to Wiki, the total surface area of the United States is 9,629,090 KM^2 which converts to 9.62 ^12 meter-square.

COVERING THE ENTIRE EARTH WITH SOLAR PANELS CAN NOT SUPPLY THESE LITTLE 30 MPH CARS WITH ELECTRICITY. 

 To generate that much solar power, FIVE HUNDRED NINETEEN United States would be required to place the solar panels on.

 IF THE SUN SHINES.

Thats before the, I dont know, 40 percent efficiency losses in the conversion and storage systems, but it becomes pointless to calculate any further.

  Try wind power. OOPS, we cant, wind turbines use PETROLEUM OIL by the millions of gallons for lubrication and require Natural Gas generators to make up for the wind not blowing. The Greens didnt tell you that... 

A 1-2 Mw turbine at a double conversion efficiency loss of, Im guessing, two units at 45% each, maybe 20% output? Just guessing. A wind turbine has a blade span of 180 feet with 30 feet required between each turbine, use those numbers to calculate square footage area to install one wind turbine.

 You do the math, theyll have to cover the seas with wind turbines...

And thats NOT accounting for the semi trucks and trains that deliver your food, those diesel truck engines are on the order of 400Kw/s?

Its irrelavent whether there are math mistakes above, or off a decimal place or two, the entire Green Energy scam is a cluster hump of lies, deceit and crackpot RELIGIOUS philosophy. 

  Do the math in reverse to calculate how much solar power can be generated and what bounds that places on mass transportation. Result- there is no more mass transportation and the only food you can have is that you can WALK to get.

That generalization shows the limits of green energy solely to un/underdeveloped areas with no petroleum fuel supplies and essentially no existing energy usage such as ultra rural areas in China, India, etc, but with development of those areas, of course depending on ENERGY, they will shortly far exceed the energy demands that these alternative scams offer.

Obamas energy scam- coming supply shortages
Topic: Economy, what's left of
The oil price rise is part of a conspiracy to limit energy availability in the US.

Im a former energy conservation engineer, I dont need to make this stuff up.

The goal of Obummer, his Radical Leftists Greenies and the UN (Agenda 21 etc, go look it up) is a RELIGIOUS BELIEF (literally, folks, an a-theistic mindset has to finally settle on SOMETHING...) that (here comes the UN doctrine) America is using more than its "fair share" of [energy, water, food, any commodity the UN wants control over]. Look at Klamath Falls for a prime, recent and public example. The 'man' forcibly turned water off to Klamath Falls, Oregon farmers, and the farmers forcibly turned it back ON.

God bless them.

The psycho babble from the Left of a continual childish tirade of "were killing the Planet' despite evidence to the contrary, hasnt conned Americans into reducing energy usage. The "smart grid" baloney failed in the 1990s (I was in on it in a small way-R&D). The idea was to use computers and power line communications so that Suzy Homeowner could allow the power co. to shut her clothes dryer off at 5:50 PM so that Big Industries had the power needed to stay operating. Suzy would get a credit on her electric bill for the inconvenience of the dryer running at midnight. Unfortunately its a CROCK because the DRYER CANT BE PROGRAMMED TO DO THAT.

The Fraud is that "Smart grid" does NOT make more power, it adds more and more load with a vain attempt to balance it. Its an attempt to BALANCE the usage up against maximum generation capacity. It works till it doesnt work, and when it doesnt work, the entire grid will go down. You think rolling blackouts are bad?? Wait till they put this smart grid crap into place and a few thousand Sallies decide they are GOING to run the dryer at 6:00 and fuses and transformers start exploding. There are UGLY consequences to factories losing power, expensive production losses, shift layoffs, damaged/destroyed equipment. But thats OK as a sacrifice to the God of the Greenies...

And then on top of this idiocy, they think theyre going to charge ELECTRIC CARS??? From where, grids that are on the edge of collapse NOW????

Anyhoo, back to conservation. America has not fallen for the UN doctrine of "Americans are evil because they use energy that starving munchkins in Ethiopia need (never mind we generated it and it canot be TRANSPORTED to Ethiopia- this evidences the crackpot religious underpinnings) so the only card left to play is to COLLAPSE THE ENERGY SUPPLY TO FORCE CONSERVATION.

No water availiable? No usage ocurrs. Increase the price of crude through quiet (passive) Government intervention such as Obama refusing to get involved to allow new drilling? Drive prices up, and up till the average American cant afford to use it, and voila- defacto energy conservation.

Thats the template behind rising prices. Thats behind nuclear regulations that dont allow new power plants to be built, never mind thats the "no carbon footprint" way to go. Realize that the "carbon footprint" crap is also part of the Green Religion, but its sacrificed when the whole religion is at stake.

Its simple "supply and demand" and if they cant quash the "demand," then theyll kill the SUPPLY.

Critical program on World View (Russian TV)
Topic: Economy, what's left of

 Speaker at the Woodrow Wilson International Center for Scholars  discussing the poor outlook for US economic recovery. No rose colored glasses, no sudden hope or change.

 Predicted maybe 2% growth over TEN YEARS.

  40-50% tax increase just to cover health care for elderly. "Major increas in taxes, unprecedented in history" or 'major spending cuts' or "run very large deficits as long as the financial markets will allow it" "no way to finance the aging population" "competition for scarce resources"

 Here is the critical question and an ugly prediction:

Q. Especially if Obama and the Dimocrats are the champions of the poor (black) huddled masses, why has Obama not only screwed them further into poverty while at the same time, GIVING THEIR RELIEF MONEY TO FORIEGN COUNTRIES TO GIVE TO THEIR MILITANTS AND POOR?

Prediction: The current economic struggle is not about rich v. poor (wealthy paying taxes) its about YOUNG V. OLD. Realize the baby boom is matured, there are a lot of "old people" ITS ABOUT GETTING THEIR MONEY.

   The end game of health care will be to confiscate their "wealth" to attempt to "pay off the debt" which actually means "pay for their own health care" which actually means "pay for it TWICE"

The speaker just mentioned the "younger workers trying to finance their health care" as "one kind of conflict" and "simply between the rich and the poor"

 He just posed the question "why should they (rich) be ALLOWED to have ...(their wealth)

This shows a COMMUNIST MIND SET (not by the speaker who made significant point of Reagans policies correcting carters Uncontrolled inflation)  but of the people seeking health care at someone elses expense.

 THIS IS AMERICA, Government did not "ALLOW" them to make their money, they did it on their OWN.

YOU MUST SEE THIS VIDEO. Hes defining our future..

 http://www.wilsoncenter.org/ondemand/index.cfm?fuseaction=home.play&mediaid=501B31AC-AE9E-ECD3-4BBE1E0438814B52

 

appears credible
Topic: Economy, what's left of

http://www.stansberryresearch.com/pro/1103PSIEOAVD/PPSIM426/PR

 Probable. Its clear:

1.) the Govt is lying under the guise of "dont want to spread panic"Or is it not that, is it deliberate to crash the economy?

2.) that the economy is no better

Ive not heard a statement that its better based on anything but opinion and The Economy doesnt work on anyones opinion. 

Is this the start?
Topic: Economy, what's left of

Posted under "Economy" although the reasons may not be obvious:

http://www.foxnews.com/us/2011/01/24/authorities-fear-cops-targeted-officers-shot-hours/# 

At a slight risk of credibility, Im gonna say I TOLD YOU SO.