Let’s Not Talk About the Unemployment Rate Let’s Talk Participation Rate

Participation Rate Scam

Provided by Shadowstats.com

The main stream media is fond of quoting the white house and other federal agencies when talking about the unemployment rate. It is the biggest lie since women said they were equal to men. Sure, if you only count the people that are on unemployment, it will look like unemployment is going down. However, it has been said over and over again that in order to get to pre 2006 employment rates, we would have to add 250,000 jobs every month for 3 years. Wait, let me rephrase that. We would have to add an additional 250,000 jobs every month for 3 years, by the private sector, over and ABOVE filling the jobs that we lose from people being retired or otherwise leaving the labor force altogether, like death.

Many say, the jobs that we had pre 2006 will not come back. With the subsidies that congress and Obama gives corporations to ship jobs overseas, I tend to believe the “experts”. Manufacturing is a joke. Food is a joke. Industrial mining is a joke. In fact it is almost as if we were once again a colony of some European power. We don’t produce any sizable finished products ourselves. We ship in our food on a massive scale. We buy raw materials from overseas, have them shipped to plants overseas, and import the finished products that we have to then pay for. India at least go paid for picking and exporting cotton. Gandhi would have revolted if he were American and alive today.

The Conspiracy: Drugs in the Black Communities

Jamal stood before the, what he thought was a Mexican, and shook his hand, “pleased to meet you too”. “You’ve sold before,” the Mexican said in his thick accent. “Sure I’ve sold,” Jamal replied. “I’d like to introduce to you something new,” said the Mexican. The man to his left opened a briefcase, and there was very obvious bags of cocaine in it. “That ain’t new,” Jamal said, quite annoyed. “No, my friend, this is not new, but this is,” he held in his hand 5 off-white crystals. “I will teach you to turn that, into these,” as he handed him the crystals. Jamal held the crystals up and turned them about. They were definitely nothing he’d ever seen before. “You’re going to show me how to turn cocaine into this?” The Mexican nodded. “Yes, it’s called crack.”

Sydney took a sip from the bottle, not knowing what to think. Yes, he had sold grass, but to go to a meeting about grass. What was it about? Who goes to meetings about grass. The white boys come peddling their grass at the door, and you turn around and sell it. No meeting. No driving miles from the strip. He wasn’t nervous, but he didn’t know what to make of it. The car stopped. This was clearly near the docks. Everyone got out of the car and there were three other cars. There were white people everywhere, and not that normal grass growers he was used to. These guys were much older. And, he could tell they were armed. “No guns, Jamal had always told him.” Seemed like bad advice at times, but his reasoning was logical. If the police catch you with drugs, having a gun makes everything 10 times worse. They never hold for more than a day. These white cats looked like the hippies he saw on tv. One of them had a duffel-bag”Can you move the grass man,” asked one of them. Of course he could move the grass. They all looked at each other. They motioned Sydney and his partners to follow them. Behind the cars they saw rows of white, unmarked MAC trucks. “Here’s the grass man,” he pointed at the trucks. The other guy threw the duffel-bag to Sydney. “Don’t worry if you mess up, there’s way more, where that came from.”

Alphonze got into the limo. Two white girls were all over him in an instant. Across from him, sitting in a seat directly facing him, was an older white cat. “You the kid,” said the white man. Alphonze nodded, since no one else was in the limo with him. “I’m gonna send you my boy and he’ll show you the ropes,” he said as he tossed him a bag of something. Alphonze took his arms away from the adoring girls and held up the bag. It had, what looked like, a bunch of prescription drugs. There were all sorts of pills, and tiny strips of paper. “Hey, you got a car,” asked the white man. “Sure I got a car,” Alphonze said. He thought this was getting stranger by the minute, but money is money. “Good, I want you to come to some of my parties on the weekend,” he said as the car pulled to a stop. He motioned for Alphonze to get out. Next to the limo was a guy sitting on the hood of a Cadillac. It was a young white cat. “I’m your new best friend. Get in.”

Prior to the 70s there were little to no drugs in the Black communities. Black people were hard working and lived in segregated communities. They had their own businesses and services, since they were segregated. After the civil rights movement, that all changed. Black people were able to shop in town and even be in town after dark. Black people flocked to the white stores. You see, white stores were owned by white people. And, the white stores had white clients, that had white money, which was a heck of a lot more than Black people had. While Black stores were just as clean, reinvestment Black dollars were hard to come by in the poor Black communities. So the white stores were very often shinier and newer than what the poor Black people were used to. Black stores closed down across the land, plunging poor Black communities into even deeper poverty.

Then came the drugs. As if by magic, it showed up. Quantities of drugs flooded the community. It was cheap at first. So cheap because there was so much of it. The police seemed to not notice. Hell, most police, in those days, didn’t go into Black communities, since Blacks had their own police at first. But even those were fired, since cities refused to pay for separate Black police and fire stations and other services. The drugs were everywhere and new drugs, never seen before.

Something was wrong, very wrong. Families started to break apart. And white sentiments of “free love”, something that Black people, who were very traditional at the time, did not agree with, started creeping into the communities. Pockets of Black families started meeting and discussed what was going on. Then it came to a head when a white journalist happened into a Black community, researching the drugs. The families and the journalist pieced together a conspiracy that went so deep that the very foundations of the countries would be shaken.

They’d had enough. They called a meeting with the mayor and city council. Everyone was shocked and surprised when the head of the CIA showed up, unannounced. For 2 hours they yelled back and forth. Why was he there. And, he admitted nothing. The journalist questioned him, time and time again about his findings. The families questioned him about the connections. The mayor was out of his league and sat stunned.

Shortly after that, the largest drug dealers in the country started going to jail. It was an answer, but not a real answer to what was really going on. Because the drugs never went away, and they never stopped coming, not even a little bit.

CONCLUSION:

• – there is strong evidence to support that the US federal government has been involved in, and is actively involved in introducing drugs into the Black community following the civil rights movement
• – there is strong evidence that the US federal government funded several CIA covert operations with the sale of drugs in the Black community
• – there is strong evidence that the US federal government trained local drug dealers in making and introducing crack cocaine, meth amphetamine and other harsh drugs into the Black community
• – there is strong evidence that the US federal government were in direct contact and helped introduce some of the most notorious drug crime families directly to key Black drug dealers in the Black community
• – there is strong evidence that DEA, and the US federal government import drugs and funnel them into the Black community
• – there is strong evidence that the sale of drugs in the Black community helped fund the entire Florida economy, to the tune of 70% [no other research into other states was made, so it cannot be said whether or not it holds true of such high volume drug centers like California or other states ]
• – there is strong evidence to support that colonel Oliver north and president Ronald Reagan initiated, organized or knew of drugs being sold in the Black community to fund their Iran / Contra operation, to give weapons and arms to the Contras in Central America

Understanding Obama’s Sequester Hoax

To understand the sequester hoax and scam we have to actually go back 2 years. The bill was the final chance in a series of proposals to resolve the 2011 United States debt-ceiling crisis, which featured bitter divisions between the parties and also pronounced splits within them. Earlier ideas included the Obama-Boehner $4 trillion “Grand Bargain”, the House Republican Cut, Cap and Balance Act, and the McConnell-Reid “Plan B” fallback. All eventually failed to gain enough general political or specific Congressional support to move into law, as the midnight August 2, 2011, deadline for an unprecedented U.S. sovereign default drew nearer and nearer.

The solution came from White House National Economic Council Director Gene Sperling, who, on July 12, 2011, proposed a compulsory trigger that would go into effect if another agreement was not made on tax increases and/or budget cuts equal to or greater than the the debt ceiling increase by a future date.

Ultimately, the intent of the sequester was to secure the commitment of both sides to future negotiation by means of an enforcement mechanism that would be unpalatable to Republicans and Democrats alike. President Obama agreed to the plan. House Speaker John Boehner expressed reservations, but also agreed.

On July 26, 2011, White House Budget Director Jack Lew and White House Legislative Affairs Director Rob Nabors met with Senate Majority Leader Harry Reid to discuss the plan. Reid, like Boehner several days before, was initially opposed to the idea, but was eventually convinced to go along with it, with the understanding that the sequester was intended as an enforcement tool rather than a true budget proposal.

On the evening of July 31, 2011, Obama announced that the leaders of both parties in both chambers had reached an agreement that would reduce the deficit and avoid default.[6] The same day, Speaker of the House John Boehner’s office outlined the agreement for House Republicans. One key element in the deal being reached and the logjam being broken earlier that afternoon was U.S. Vice President Joe Biden’s ability to negotiate with his 25-year Senate colleague, Senate Minority Leader Mitch McConnell.[18][19][20] Biden had spent the most time bargaining with Congress on the debt question of anyone in the administration, and McConnell had viewed him as the one most trustworthy. – wikipedia

In essence, because the president refused to budget cuts and wanted the debt ceiling raised, he and his staff came up with the sequester as a mechanism to automatically kick in, if they still hadn’t agreed to cuts and spending a year later. This sequester is that mechanism.

Obama Blames House Republicans

Obama is constantly blaming house republicans for things he does. It is no surprise then that he turns around and blames house republicans for a proposal he and his staff came up with.

Bob Woodward’s “The Price of Politics”

page 215 July 12, 2011

They turned to [White House national economic council director Gene] Sperling for details about a compulsory trigger if they didn’t cut spending or raise taxes in an amount at least equivalent to the debt ceiling increase.

“A trigger would lock in our commitment,” Sperling explained. “Even though we disagree on the composition of how to get to the cuts, it would lock us in. The form of the automatic sequester would punish both sides. We’d have to September to avert any sequester” — a legal obligation to make spending cuts.

“Then we could use a medium or big deal to force tax reform,” Obama said optimistically.

“If this is a trigger for tax reform,” [House speaker John] Boehner said, “this could be worth discussing. But as a budget tool, it’s too complicated. I’m very nervous about this.”

“This would be an enforcement mechanism,” Obama said.

page 326 July 26th

At 2:30 p.m., [White House Budget director Jack] Lew and [White House legislative affairs director Rob] Nabors went to the Senate to meet with [Senator Majority Leader Harry] Reid and his chief of staff, David Krone.

“We have an idea for a trigger,” Lew said.

“What’s the idea,” Reid asked skeptically.

“Sequestration.”

Reid bent down and put his head between his knees, almost as if he was going to throw up or was having a heart attack. He sat back up and looked at the ceiling. “A couple of weeks ago,” he said, “my staff said to me that there is one more possible” enforcement mechanism: sequestration. He said he told them, “Get the hell out of here. That’s insane. The White House surely will come up with a plan that will save the day. And you come to me with sequestration?”

Well, it could work, Lew and Nabors explained.

What would the impact be?

They would design it so that half the threatened cuts would be from the Defense Department…. The idea was to make all of the threatened cuts so unthinkable and onerous that the supercommittee [tasked with making additional cuts] would do its work and come up with its own deficit reduction plan.

Lew and Nabors went through a laundry list of programs that would face cuts.

“This is ridiculous,” Reid said.

That’s the beauty of a sequester, they said, it’s so ridiculous that no one ever wants it to happen. It was the bomb that no one wanted to drop. It actually would be an action-forcing event.

“I get it,” Reid said finally.

page 344 July 30th

The president and [White House chief of staff William] Daley were on the patio outside Daley’s office with [adviser David] Plouffe, [Treasury Secretary Timothy] Geithner, Lew and Sperling when they got word that Biden was making progress with [Senate Minority Leader Mitch] McConnell. It looked as if Republicans were ready to agree to a Defense/non-Defense sequester in the trigger.

Plouffe couldn’t believe it. These guys were so afraid of increasing revenues that they’re willing to put Defense on the chopping block? Republicans’ revenue phobia was so intense that they would sell out the Pentagon.

“This is a deal we can probably live with,” Obama said, willing to do almost anything to salvage something and prevent catastrophe.

Jack Lew delivered a speech, however, in Tampa publicly denouncing the house republicans for the sequester.

“There was an insistence on the part of Republicans in Congress for there to be some automatic trigger…. [It] was very much rooted in the Republican congressional insistence that there be an automatic measure at the end.”

Bob Woodward couldn’t believe it.

“After reviewing all the interviews and the extensive material I have on this issue, it looks like President Obama told a whopper,” Woodward said.  “Based on what Jack Lew said in Florida today, I have asked the White House to correct the record.”

So is the sequester a massive budget cut? If you pay attention to the president, the sky is falling, the sky is falling. But, after carefully look at it, you see not just cracks in the theory that the sky is falling, you see massive gaping holes, vast canyons you could drive an army through.

The sequester is not a budget cut. The sequester is a stop to AUTOMATIC INCREASES. Most Americans are unaware how out of hand congressional spending is. Americans don’t realize that there are automatic increases written right into the budget. What is illogical about it is, it is not tied to anything, like say population increase. It is haphazardly written into the budget plan.

This sequester was proposed by the president to call the house republican’s bluff. They had proposed over 50 different cut options to the president, which he rejected. He wanted the debt ceiling increased and spending upped. This was proposed as a test to force house republicans to come up with spending and cuts. Unfortunately, the president has denied and refused every single proposal by the house republicans. And, now, he turns around and plays dirty politics by saying it was their idea to have a sequester.

He wants his cake and to eat it too.

Understanding the Fiscal Cliff Hoax

One key thing you have to understand about Washington D.C. is that politicians have to keep making sure you think they are relevant. 100 years ago this was not the case. Washington, had virtually no control of the country. This was fine because that was how the federal government was supposed to work. It was only in control of a few key things. With the advent of the 4th central bank of the US, the federal reserve plunged the nation into ultimate control by the federal government. From then on, politicians in Washington have fought an ever increasing battle to gain control and impress upon citizens that they are relevant.

Enter the fiscal cliff

The fiscal cliff is just one of the latest, in a long line of disaster scenarios engineered by Washington to make citizens think that Washington is somehow integral to the nation’s economy. Nothing could be further from the truth. The corner store that hires 20 people is far more important to a community than anything Washington could ever do. But, Washington does not want local citizens to realize this.

PAUL CRAIG ROBERTS of CounterPunch states:

“Last June 5  I pointed out that according to the Office of the Comptroller of the Currency’s fourth quarter report for 2011, about 95% of the $230 trillion in US derivative exposure was held by four US financial institutions: JP Morgan Chase Bank, Bank of America, Citibank, and Goldman Sachs.

With the repeal of Glass-Steagall these honest commercial banks became gambling casinos, like the investment bank, Goldman Sachs, betting not only their own money but also depositors money on uncovered bets on interest rates, currency exchange rates, mortgages, and prices of commodities and equities.

These bets soon exceeded many times not only US GDP but world GDP.  Indeed, the gambling bets of JP Morgan Chase Bank alone are equal to world Gross Domestic Product.

The hoax is the propaganda that the fiscal cliff can be avoided by reneging on promised Social Security and Medicare benefits that people have paid for with the payroll tax and by cutting back all aspects of the social safety net from food stamps to unemployment benefits to Medicaid, to housing subsidies. The right-wing has been trying to get rid of the social safety net ever since Franklin D. Roosevelt constructed it, out of fear or compassion or both, during the Great Depression.”

African American Manifesto: My Black Agenda for Mellenium 2000

African American Manifesto: My Black Agenda for Millennium 2000

[I am touched that you wrote me. I have been planning to start a Black business bureau for some time now. I have not written out the plan, but this seems as good a time as any. This letter will not only go to you, but I am now, because you inspired me, will be sending this out to every Black church, Black politician, Black organization in the entire country. I can dedicate a few thousand to this letter and campaign. I am also an online marketing genius and will be doing a major press release of this letter as well. Thank you for inspiring me. Here’s my response to you.]

When African slaves were sold or stolen from Africa, they were first sent to an island just off the coast of west Africa. On this island, they were mind-wiped and the men were brainwashed against the women. For, 95% of Africans were sent to central and south America. In central and south America Africans could hope to live the ripe old age of 23. However, they actually were treated quite a bit better, since they learned skills. However, because their death rate was so high, they never grew in population.

Well, what about that 5% that was sent to America? Because the US had a constitution that said “all men are created equal”, Americans went overboard to make sure Africans were never seen as humans. They went through TWO different mind-wiping sessions. One off the coast of Louisiana, and a 3rd at the auction blocks. However,they were treated with kid gloves, compared to south America. However, they were kept as dumb as rocks. They learned absolutely nothing and it was forbidden to teach them anything, by law. Americans were deathly afraid they would revolt, which actually happened several time, but was kept to just that city. One town was completely slaughtered by Africans. There is even a famous painting about it, however this is not taught in public education.

When slavery was abolished in the US, Africans had been able to live to a much higher age than in south America and grew to be 30% of the population. However, these Africans had been mind-wiped 3 separate times, stripped of religion, origin, family, and culture. Upon their release they knew nothing, literally nothing.

Africans had to teach themselves how to read and write, make a family, farm for themselves, etc. Two things they could not teach themselves: their religion; their cultural origins. Even with these horrible odds, Africans became 80% literate in 50 years, something unheard of in human history.

While there were Africans that flourished in the new free era, most barely got by. A lot were slaughtered by racist white people who saw African freedmen as an economic threat to their livelihood. Many new laws were passed to keep tools out of the Africans hands; minimum wage laws were passed to keep people from hiring Africans; and anything produced by Africans was not allowed to come to market. Many African farmers went under from not being able to sell their produce.

The answer is not a question of just pouring money into the modern African American community. It requires a COMPLETE overhaul.

• – branding: African Americans need to be branded as a viable and independent political group with our own identity, culture, religion and origin from Africa
• – BRANDING: we need to produce new art, media, entertainment that if Pan-African, African centered and African inspired, with Africans as the only people in such media [THIS IS MORE IMPORTANT THAN ALL OTHER POINTS]
• – we need to denounce any and all other groups that try to co-op our history, culture and art, who systematically claim it as their own and as their origination [like the Egyptian story; jewish story; our music; our culture]
• – as a political group we need to acquire and send lobbyist to every state legislature and the federal congress, to lobby for African political and economic gains [NOT CIVIL RIGHTS]; we need things like the war on drugs stopped, which was intended and used as a racial profiling thing to send Africans into the prison system, to the tune of 75% of all Africans in prison today are there based on drug charges, to the tune of a $75 BILLION a year price tag; we need to remove all racist legislation; we need to understand, read and hold politicians responsible to the constitution, which is our best and only way to eradicate racist legislation; we need to remove Africans off of all social welfare legislation, this has destroyed the African family
• – as an independent political group we need to divorce ourselves from the Democrat party; if we are serious about our independence we need to have the capability to vote as a group; voting for the Democrat party has made the Democrats take our votes and voice for granted
• – we need to control African finance and African money; we need to open and gather in every city African run, operated and owned credit unions; we need to aggressively educate and finance African business; we need to arrest and stop any 3rd parties that are financing and control African business
• – we need to control all African disposable income and spending; we need to arrest and stop any 3rd parties that are selling commodities in our communites and to Africans in America
• – we need to control all African necessary expenditures, this includes food, energy and real property; we need to arrest and stop any 3rd party that controls necessities Africans have to pay for
• – we need to go into our communities, move back in, fix them up, and open up all forms of business that Africans need and use on a daily, weekly, monthly and yearly basis; we need to target and pick locations that have high concentrations of Africans already in them and do our best to move out 3rd parties; we need to open up convenience stores, credit unions, grocers, transportation and everything else needed, in each community so that Africans do not need to go outside of the community to spend money.
• – we need to start regional stock markets that trade in African produce, commodities, and equities in African firms; this will get African farmers to produce and transport their produce to African stores as one big giant economic circle
• – we need to connect these regional stock markets with stock markets in the motherland, which are now booming and coming online; 2 new major stock markets have come online recently in Africa and they need more business
• – we need to understand that marriage is the most stabilizing social factor in our modern time, and we need to encourage our community to get married at every opportunity; marriage also is very strategic and economically good for both people; we need to launch a national campaign to encourage Africans to marry each other; we need to put African marriage in front of our people, through pictures, art, music, entertainment and as a sound business strategy [since it is more economic to be married]
• – we need to purchase and take private, all historically Black Colleges; we need to control all African education; we need to arrest and stop 3rd parties from mis-educating our African youth, young adults and young professionals; this is exactly what all other groups do; we need to open and start vocational and skill based education for high school and young African adults; we need to access and encourage our youth to understand what they are good at, what they desire and to realize that college is not the answer for nearly 60% of the population; we need to educate our youth that colleges are a business and that they are putting out propaganda that you “should” go to college, in order to rake in money, at the young African’s expense, which they’ll be paying for, for decades; we need to encourage our young African to develop skills, such as automotive, electrical, plumbing etc, for blue collar paychecks, instead of minimum wage

If we are to survive this next century, we need to take some serious stock of what we are doing. We need to realize that, unless we get organized and think of ourselves as a group, we will be treated as chattel, misused, miseducated, and state dependent victims to a socialist state, with our wealth stolen year after year.

As it stands now, Africans in America cannot do anything to protect, save or help our countries in the motherland. Our people are being raped, murdered and wealth stolen by nearly every western power on the planet, and now Asia is getting in on the taking. We need to clean our house and get it in order.

Obama to Bankrupt Country by Raising Minimum Wage

President Obama called for raising the minimum wage to $9/hr. Please tell me how many people will be fired if that happens? How many businesses will have to shut down? How many part time workers, will have their hours cut?

Please understand something: Obama is selling you pie in the sky. We’re adults. We know that a company has to pay, not just the worker’s salary, but his taxes, his state and local taxes, any benefits, unemployment fund, etc etc etc. Raising the minimum wage IN A RECESSION will only be bad. VERY BAD. for the already down economy.

You are not supposed to feed a family of 3 on a minimum wage job. Yes, people do it, but who’s fault is that? For every minimum wage job out there are 2 brain-dead jobs that pay better. Minimum wage means you have NO skill. It isn’t for someone that does immense calculations. If they wanted to pay more, the position would require more.

I guarantee you if the minimum wage is raised, people will get fired. And I mean, A LOT OF PEOPLE.

For those who have been following my blog, you already know from my macroeconomics posts, the minimum wage is a destructive tool that is used for racism and destroys productivity. It bankrupts business, raises labor costs and forces owners to fire the worst workers from his business. You can tolerate a bad worker at a lower wage. You cannot tolerate a bad worker at a higher wage.

Department of Defense Prepares for Half a Billion in Spending Cuts

WASHINGTON, Feb. 21, 2013 – Deep, across-the-board spending cuts scheduled to take effect March 1 would cause chaos for the Defense Department, Deputy Defense Secretary Ashton B. Carter said in a televised interview yesterday.

Carter told Judy Woodruff on “PBS Newshour” that the department will do what it can to minimize disruptions should the cuts kick in, but it can do only so much.

“We don’t have a lot of flexibility, and we don’t have a lot of time in that regard,” Carter said.

A “sequestration” mechanism in budget law requires DOD to cut $46 billion in spending from March 1 until the Sept. 30 end of the fiscal year unless Congress comes up with an alternative that would stop sequestration from triggering. This comes on top of $487 billion in defense spending reductions already programmed over 10 years, and Pentagon officials have noted that operating under continuing resolutions in the absence of a fiscal year budget complicates matters.

Defense Secretary Leon E. Panetta notified Congress yesterday that the department is preparing to place almost all of its 800,000 civilian employees on unpaid furlough for one day a week through the rest of the fiscal year. These are not faceless bureaucrats who simply shuffle paper, Carter said.

“They repair our ships. They maintain our aircraft,” Carter said. “That’s who these people are, and 44 percent of them are veterans. It’s a terrible thing to have to deprive them of some of their income.”

If sequestration triggers, operations and maintenance — the primary funding that ensures readiness — will be particularly affected. The department will ensure units deploying to Afghanistan will receive the training needed to succeed. But this will rob other units readying for other missions, Carter said.

“That’s just a mathematical fact of doing sequester,” he added. “This is very damaging to national security.”

In planning for sequestration, the Navy already has postponed sending an aircraft carrier to the Persian Gulf to join one already there, to ensure there will be enough ready carriers to dispatch to other critical areas if required.

“In everything we do, we’re really trying to keep on protecting the country and delivering the defense under these circumstances,” Carter said.

By Jim Garamone
American Forces Press Service

Charities Left Out in the cold in Cash for Clunkers Deal

Cash for Clunkers What is it?

I’ve mentioned before that the stock market it is a zero sum gain, I win at your expense, not a win win situation. In the cash for clunkers program the government is footing the bill for $2 billion. Now when I say the government is footing the bill, I mean US. But the cars that qualify for the trade in program are perfectly running cars; can’t be too old; can’t have bad emissions; can’t have great emissions; have to be paid off.

Now I thought on its face that those criteria were just awful. Why would a rational thinking American turn in a car and burden themselves with more debt? This is why were are in this mess to begin with. This is insanity. This makes me mad.

Not only does the cash for clunkers program make me mad, but now I’ve found out that these idiots fell for it hook line and sinker and the program is an “overwhelming success”. Idiocy is running rampant in America. They should have an intelligence quotient for people to call themselves American.

Now I am totally ballistic. I am so fuming mad I could spit.

BUT WAIT …

THERE’S MORE …

Enter the Charities

In the stimulus package, that Barrack Obama signed into being, you’ll see how in that bill, charitable donation tax write offs were lowered. I don’t know how a peace loving, hippie acting, granola eating, president could completely shaft charities like that.

Regardless of what some idiots who stick their heads in the sand say, charities do benefit heavily due to people wanting a tax write off.

As if that weren’t enough, let’s take a look at the Cash for Clunker stimulus package, i.e. car industry bailout.

The cars being turned in for vouchers are the cars that previously would have been the exact cars donated for a tax deduction. Car donations were left completely out of the entire cash for clunkers program, even though both the Congress and Senate were told of the problem months and months before.

Apparently, charities are not a big enough lobbying group. [ I guess they didn’t “donate” $1 million like Goldman Sachs did… ooops did i say that ]

And, Obama is gloating over the plan, and hoping it will get renewed. So once again, this president is shafting them.

I just don’t get it.

I say donate your car. If you really need a new car so badly, you can get dealer incentives to buy upwards of $4,500 anyway. Give your old car over because I’m not liking to foot your stupid bill in this $2 billion car bailout, because that’s all it is anyway.

Don’t misunderstand me, I am not a desocialistacrat nor a repukeblican. Both are the same thing.

People Who Say Protectionism is Bad Are Idiots and Here’s Why

People Who Say Protectionism is Bad Are Idiots

I find it interesting that people who call themselves Libertarian, Democrat, and Republican all jump on the “protectionism is bad” bandwagon. They wail and moan how it harms the american “consumer” with rising prices, if they are not allowed free trade.

BUT HOLD ON A SECOND, you can’t start a company in China without 51% ownership by a Chinese firm. You can’t sell goods in china without huge 40%-60% tariffs on all imported goods.

This notion of protectionism is a complete and utter lie. China has been doing this for 60 years. In fact, they are so bad, they even subsidize exports. That means, the cheap Chinese crap you buy, isn’t actually cheap, they use Chinese tax payer money to lower the prices. Then, when you see it on the shelf, it is twice as cheap as a US made piece of plastic trash, because the US doesn’t put tariffs on it. So instead of an American made plastic cup, you now can only find a Chinese made plastic cup. And, some idiot on the news says, OH ITS A MIRACLE, CHINESE PLASTIC CUPS ARE CHEAPER THAN AMERICAN PLASTIC CUPS, THE AMERICAN CONSUMER WINS.

No no no no no! Stop! Their government is lowering the prices of all Chinese exports to make sure the local plastic crap is more expensive.

The Chinese economy is not THAT far off of the American economy. They are not a 3rd world nation.

You’ve been had, bamboozled, hoodwinked, RUN AMUCK. These idiots crying about protectionism have no clue what they are talking about. We don’t need “free trade”, we need equal trade. Any country that has economic policies in place for American goods, the US should have an exact mirror of those policies. PROBLEM SOLVED.

GM Chevy Volt: Too LIttle Too Late Tuesday

GM Chevy Volt

If you’re a regular reader of mine, you know that I have a passion for America completely renouncing gas powered cars. Not because I’m a strong environmentalist, although it doesn’t hurt, but so that we are completely separated from the tyranny of the oil tycoons. As such, I do tend to pay attention to the stats on these cars that are entering the market.

I Declare Shenanigans on GM

They have attempted to make a showing by having a prototype in each and every auto show out there. But really, they are simply trying to pull publicity stunts to make the “joe six pack” forget they have received nearly 1 trillion in bail outs thus far. I mean who are they kidding?

The latest stunt is the: GM nabs 230 MPG rating from the EPA. However, the EPA has released “a new methodology for determining a draft fuel economy standard for extended-range EVs like the Volt,” and it’s that murky measurement system that has blessed Chevy’s wonder child with a triple digit MPG rating.

For those completely ignorant of EV stats, you don’t measure the car in MPG anyway. That just goes to show you what underhanded shenanigans these guys are playing. An EV is measured in: range; speed; charge speed. The volt isn’t an EV at all. It’s a plug in hybrid. And for that, it’s 2 steps backwards in the race for oil independence.

Now for the stats:

Don’t Be Scammed by Obama’s Health Care Plan

The Obama Health Care Plan

The core of Obama’s Health Care “Reform” Act is based on whether or not you’re covered by insurance for health care. In fact today, people consider it a forgone conclusion that health care = insurance. You ever get into a dick waving contest with a bunch of your yuppie friends over health care, as a sign of how well your company treats your or negotiates? “What kinda health care does your company offer?” “What deductions do you have to pay out of your paycheck?” “Does your company insurance cover everything?” “My company’s health care insurance is so good, my daughter got a boob job from it.”

In fact the media, using it’s normal scare tactic, has completely couched all of its coverage of the bill in terms of health care = insurance. There’s not even a logical argument that goes before it. They completely make us assume that, that’s the only way to get health care in America.

What does that mean? It means, they assume you’re too stupid to realize insurance isn’t necessary for good health care. In fact they assume it so much, that they make it a forgone conclusion. They print stories like:

“For the staggering 46 million Americans lacking health care coverage, the uninsured will have the opportunity to select a plan from a menu of private and public options –similar to the way members of Congress choose their coverage.”

Wait, you mean to tell me that 46 million people don’t have health INSURANCE, not, health care. The two are not mutually exclusive.

Obviously the person winning in this entire debate is: INSURANCE COMPANIES. They bought “the Clintons”. Obviously, since they repeatedly tried to push it through congress. Now they have Obama in their back pocket.

You don’t need insurance to have health care. The only thing you need for health care is money. I’m sure many of you are shaking your head right about now.

“millions of Americans go bankrupt due to health care costs”

More media scare tactics. Let’s go over the history of insurance briefly so everyone isn’t rattling in the dark.

The History of Insurance in America

The first insurance to arrive in America was for housing. It was fire insurance, seeing as houses were built entirely of wood. Let me point out a little point of business and government commingling, at this early stage, 1752 to be exact. The insurance company, in order to maximize profits, wouldn’t insure houses that were too close to each other. Building contractors built houses as close to each other as possible, so they could put as many houses as they could on their properties. So really this is a head to head battle between the insurer and the builders. Who won? The insurers. They got Ben Franklin to back them. So much so, that the states adopted “building codes”, to avoid “fire hazards.

During the industrial revolution, you saw an explosion in insurance products: life and business insurance. Many ponzi schemes popped up. Companies, couldn’t even cover premiums were taking from new policy holders to pay off old ones.

The scandals were so GREAT that finally the government put its foot down, in 1935. It created social security. Awww you thought social security was to help the poor starving citizens didn’t you, all this time. You fool. They saw an easy way to grow government almost times 20 with one piece of legislation and everyone rushed at the idea. And, by grow government, I mean taxes skyrocketing 20 times worth.

“oh but they didn’t raise taxes during the great depression.” Idiot, they went off the gold standard and inflated the dollar beyond belief. Inflation is a tax. Repeat after me: INFLATION IS A TAX. You have no say so in inflation do you? No you don’t.

By creating social security, the government essentially robbed a major portion of insurance products right out from under insurance companies.

What is Insurance?

Insurance comes in 2 forms: catastrophic unforeseeable event or a foreseeable event that must occur. The first type is like your fire insurance. It is unlikely to happen, but in the event that it does, you’re covered. The second type is like your life insurance, because you will definitely die.

Do you see health insurance fitting either of those two? I mean the modern version of health insurance. Let me take you back one year to the “financial crisis.” What did everyone say the cause was? Cheap money, readily available, that everyone spent like a drunken sailor.

Ok if you have an air of cheap money, that’s readily available, that everyone spends like a drunken sailor, that must = bubble. Right? Of course. That by definition is a bubble.

Take a look at health care insurance right now. Your company gives you the “opportunity” to buy into the policy, and what’s the first thing you and your doctor do? You and your entire family go get check ups, dental cleanings, glasses refitted. Any little thing you rush to the doctor and put it on your insurance bill. The insurance company is happy to serve you.

“What could be wrong with that?”

By creating health insurance that is geared towards every day use, the insurance companies and the medical industry got together in a room and agreed upon how much to charge YOU, or “on your behalf”. Fog clearing yet? So instead of a check up being $5, the check up is now $100.00. OMG WHY? Because now the insurance company can charge you, or your company, through the nose. The medical community doesn’t raise the price one cent without first consulting the insurance companies. So now the people without insurance have to pay $100 for a check up, because that’s how much the rate is.

What does that have to do with Obama? Social Security… guess what, sat in a room with the medical community and agreed upon how much to charge YOU, or “on your behalf.” By so doing, the politician gets kudos from voters thinking he’s so great. When in fact he just jacked up the price 20 times. And, now he doesn’t raise taxes he… say it with me… raises inflation, which is… a tax.

Fog clearing yet?

Now instead of just social security, Obama wants an state sponsored program to bring insurance to everyone. Awww, that Obama is such a nice guy. But, wait, if there are 46 million Americans who don’t have insurance, could it be that 46 million Americans die every year? BINGO! No, they don’t. They do their own thing and negotiate prices with their doctor / dentists. And, their dentist / doctor negotiates prices with them. HOW DARE THEY?

Ve haf to put a shtop to zis, zis instant.

Welcome to the Obama health care plan. Under the Obama plan, these rogue doctors and dentists would be forced to stop this negotiating. All the lost sheep would be brought into the fold.

Oh did a light bulb go off just now?

“You mean to tell me doctors / dentists can negotiate prices?” Yes, if the government were not involved in any form of health care, the market would dictate prices for every procedure. If you only purchased health care for catastrophic events, your insurance premiums would be drastically reduced and heal care would be affordable for everyone. The so called expensive procedures wouldn’t be out of reach for everyone.

This bill is an insurance scam. It is the greatest ponzi scheme ever invented by mankind. Please go ask your doctor if there was a time, long ago, that patients could come into the office and negotiate medical prices. If he’s honest with you, he’ll tell you it is true.

How to Spot a Polly Peck or Bernie Madoff: What is a Balance Sheet

How to Spot a Polly Peck or Bernie Madoff

CFO flees to Romania to his beach house, where he will live the rest of his days in exile. Clearly he is guilty of fleecing thousands of shareholders of money. The shareholders clamor for the government to arrest him for fraud. CNBC reports that he is guilty. MSNBC and Bloomberg report that he is guilty. A small financial analyst takes a retrospective look at the evidence and concludes that the CFO is not, in fact, guilty of anything. In fact, according to the small financial analyst, the CFO did nothing wrong whatsoever.

How can the two be right? Or, can they both be right? No, they can’t, and the answer is the balance sheet.

When people lose money, it is often the case that they want to blame others. What is well known, though, is that in order to offer stock, a company must do so to “sophisticated” investors, i.e. people who know better and do their homework. Long story short, if someone loses money, ultimately the investor is to blame, for not doing his homework. These people that want to blame others for their own faults get heard though. The government tries to rush in and save the day. Ultimately the government gets it wrong, because … that’s what the government does best.

So how could a small time financial analyst get what massive media outlets and huge governmental agencies miss? The balance sheet!

The financial analyst simply takes a look at the balance sheet and sees that the CFO was doing nothing to “fleece” investors. More than likely, it was the government that was to blame for the loss, if anyone needs to be blamed.

Scenario:

• Global Dynamics has a subsidiary in Greece
• they lend the Greek subsidiary $1M @ 5% interest

How Seemingly Profitable Companies Go Bankrupt and How to Spot Them

How to Spot Companies in Trouble

You see on CNBC and MSNBC and Bloomberg all the time, the CFO or CEO come on and say, “my company is enjoying a 20% profit with a 25% margin.” You as the viewer think to yourself, well that looks fantastic. Three months later the reporter informs everyone that the company is in bankruptcy court. You think to yourself, well that escalated quickly.

You see, a CEO can publicly say that his company made a profit. You take the sales minus the cost of goods and you get profits. Did the CEO lie? No! In the most simple terms, he is absolutely correct. But, here’s the rub. Costs of goods does not mean the cost of running the business. Cost of goods does not include the cash flow. Without going back over the cash flow statement, I’d like to show how the profit the CEO is talking about is not the “profit”.

• Sales – cost of goods = gross profit ( this is what the CEO is talking about on TV)
• gross margin = gross profit / sales ( this is the margin he quotes )
• operating profit=operating cost – gross profit ( now you get into how much it costs to operate the business on a day to day basis )
• ebitda d= depreciation (physical assets, like a company van) a=amortization (intellectual assets, like a brand name)
• operating margin=operating profit / sales ( this gives a good indicator of where some costs can be cut and how badly the company is operating )
• pbit / ebit = profit before interest and tax / earning before itnerest and tax ( this figure gives us an indicator of how badly taxes and interest are hitting us )
• profit before tax (pbt) = interest – operating profit ( if the company has loans, this gives us the exact amount needed to pay the interest )

Black History: Hidden Facts about Martin Luther King, Traitor to Black America

Hidden Facts about Martin Luther King, Traitor to Black America

Black History: the ultimate reason King was killed, was not his voter registration drives for Blacks, women and the poor, it was because he turned on Kennedy and friends and started speaking about economics for Black people. King was put in place by whites to stop the Black uprising originally. The buss boycotts were stopping entire cities in the south and threatened economic mayhem for whites. King was brought in to herd Blacks away from economic demonstrations to “political” demonstrations.

When he finally wised up, he was immediately killed.

Many historical revisionists will make King out to be for Blacks, but economic facts completely dismantle this love of King. Blacks enjoyed ownership of nearly every industry in America. Historians will try to confuse recent readers about Black wealth by saying how far apart Black income was, compared to white income. However, two things are wrong with that: 1. there were no 200 billionaires back then, and the economy was not that huge; 2. the income gap between whites and Blacks has actually gotten worse, not better. After the civil rights movement, Blacks were stripped of nearly all business ownership. Where Blacks were treated separately before, after the civil rights era they were targeted by wealthy white financial firms and destroyed since they were seen as competing with white businesses.

The Election is Over: How is that Fair Share Scam Working for You Mr President

How is that Fair Share Scam Working for You Mr President

Through all of the 2008 and 2012 campaign Mr. Obama continuously chanted about how the rich need to pay their “fair share.” Back at the ranch the proof came in that not only did the rich pay their fair share, but that they paid your fair share as well, to the tune of 30% by the one percenters and 60% by the top 10% wealthiest in the nation. In fact the top 53% of US taxpayers pay 100% of the tax revenue. There is no 99%. it doesn’t exist.

But wait, there’s more!

Not only did an Obama report show how the rich pay all the taxes, but the report showed conclusively since Kennedy, that lowering tax rates increases federal revenue. That bears repeating. A Whitehouse report showed that lower taxes brings in more money to the government.

Before you jump to conclusions that Mr. Obama did not see the report, he did. He signed every page of the report, and read it, and went over it with Timmy Geithner.

The Coming Obama Created Economic Depression

No one likes to say it, but the 2008 economic situation was an actual depression. The federal reserve pumped so much money into the economy, that it created a top heavy situation that stopped the very large firms from crashing. That does not mean though, that the rest of the nation was not in a depression. We were and probably still are, if you can find honest numbers on unemployment and business closure.

But, fast forward to 2013. Obamacare and his raising of taxes, even for the 99%, is setting the stage for a knock out punch. A real depression is coming. Thousands of jobs, in a market that has already lost millions of jobs, are prepped to be lost. Some top firms have already pledged to lay off thousands this year.

Couple Obamacare with higher payroll taxes and small firms will be lost. The end result is that, while large firms will feel the pinch on their bottom line and get rid of thousands of jobs, they’ll gobble up smaller firms that flounder. They’ll find themselves in a position  to be able to get into markets that they were never in before, and at a very cheap price, since small firms will be worth pennies on the dollar.

Conspiracies aside, it doesn’t take a genius to figure out that, regardless of intent, Obamacare and his pro-higher-taxes stance will destroy this country.

Liberty: What You Consider Property the Government Doesn’t Consider Property

What You Consider Property the Government Doesn’t Consider Property

It’s a cold night, the wind is hushed, and not a creature is stirring. The redneck repeats his words, “get off my property,” as his shotgun is held chest high. The deputy casually shifts in the snow, “now Jed, you know we’re the law, and we can come onto your property at any time for an inspection.” The redneck cocks both barrels, “is that a fact? Seems to me, that ain’t so.  So kindly get back in your paddy wagon and git.”

The government feels that they can completely ignore the constitution. It cannot be made more apparent than in this blatant and obvious scenario. In this case, everyone understands that the property in question is the guy’s land. But, more subtle than that, we have unconsciously given away our property rights over other areas over the years.

Is Gay Marriage a Property Rights Question

The entire debate surrounding marriage, in general, is a red herring. The right to get married isn’t even abridged by the state. Yes there are marriage licenses but the right to get married is an inherent right that people have exercised long before a united states was even conceived of. What is worse is that people willingly go and pay for a marriage license, as if to say, we do not have a right to marry each other, without state permission. Nowhere in history did the state forbid marriage, before the US.

Are Private Equity Firms Evil: The Bain Capital Lie

The Bain Capital Lie

It was a topic most Americans were sorely ignorant about and yet, driven into a frenzy over, Bain Capital. It probably sunk Mitt Romney more than any other issue. People saw past his Mormon cultism. People overlooked his tremendous personal wealth, which Democrats always try and say is a bad thing. People even overlooked his Romneycare, since Obamacare is already passed and threatens to turn this country into a 3rd world nation.

All of those claims were able to be ignored, but the Bain Capital issue was even brought up the day before the election. But, when one does a bit of research, they find that Bain Capital is not an inherently evil company.

Let’s compare it to a real life scenario:

• a person doesn’t work their 40 hours for 2 weeks and take home half the paycheck they normally get
• they cannot afford the bills they have
• the bill collectors start calling, due to not receiving payment
• the person goes to a bank, who refuses to give them a personal loan
• the person then goes to a payday loan place that lends them the money, but gives them a very high interest rate
• the person pays their bills
• the person is again short on their paycheck
• the payday loan place start repossessing the person’s items
• the person curses the payday loan place and tries to get them shut down or take some other action against them

U.S. Manufacturing? Say What?

U.S. Manufacturing?

According to the latest analyst data, US manufacturing grew slightly in January. But, this is only when comparing it to both China and the Eurozone.

Chinese factories only managed a slight rebound as the new year began,
suggesting that world economic growth remains sluggish.

The euro zone economy, meanwhile, likely contracted again at the end of last year,
though surveys on Friday suggested the worst of the region’s downturn may be over.

In essence this is simply more modest gains, that continue the news of the GDP report. That recent report stated that GDP in q4 contracted by 0.1%. When looking into the GDP report, you see that it indeed was manipulated, both in q3 and in q4.

GDP Down 0.1%? Really? Something Smells Fishy

GDP Down 0.1%?

GDP Down

From my very unskilled analysis, I think a few things are going on here.

1. I think this number is completely manipulated. I don’t think GDP went down 0.1% I would venture GDP is down3% – 7%.

2. we are still not getting anywhere near the real unemployment / labor rates. millions have fallen out of the labor pool and are not being counted. not only are they not counted, they will not be returning because their jobs are not returning. The millions of jobs we lost almost none will return.

3. the 3% tax hike on payroll / income is not new, but you then have to remember back to 2008 when Obama promised to “lower” taxes, only to lower the front end and raise the back end, so that paychecks did not go down, but up. in the aggregate, main street is on the chopping block.

4. there is no 0% tax rate bracket any longer. this is unprecedented. i don’t even know what they hope to gain from people that make $10,000 / yr. it will push them to get onto public assistance, which will be more than they could ever hope to contribute in income taxes. its a shot to the groin area, in my opinion.

This tiny bit of news is just one piece in a very large puzzle. we cannot concentrate on this one piece and make judgments just based on this one pice, but must fit it into the entire tapestry and then make judgments.

The Unemployment Scam and GDP

Obama Oops

The nation’s economy unexpectedly shrank by 0.1 percent in the fourth quarter of 2012, casting fresh doubt on the strength of the economic recovery. The new estimate of gross domestic product (GDP) from the Commerce Department marks the first time the economy shrank since it was in the depths of the recession in mid-2009.

This is not news for anyone paying attention. Unemployment fell an entire 1% twice in the 4th quarter? yet ony 200,000 jobs were allegedly gained? NO! 400,000 people fell off the unemployment rrecords and out of the labor pool. There was no turn around in the economy. There are now over 25 million people out of the labor pool by my calculations. This doesn’t even include the under-employed. This notion of rebounding economy is bogus.

You cannot have actual growth with upwards of 15%-20% [real numbers] of the US being unemployed. They cannot buy goods and services. They cannot pay state, local and federal taxes. They cannot pay indirect taxes via tariffs and excise taxes. You cannot grow the economy with unemployed people.

For the past 4 years, the beltway has put out bogus labor numbers and fixing their books to show GDP expanding. They had the GDP expanding when we were still losing 500,000 jobs each month. People are just not paying attention. It’s as iff Berny Madoff is in the white house.