Friday, December 31, 2010

Here's another jewel from Georgia..........

I don't see how this chap got to where he is without representing some of the dumbest shits in Georgia.

 http://www.youtube.com/watch?v=zNZczIgVXjg

2011 Predictions..........

Markets in precious metals, oil, commodities, stocks and bonds will rise and fall in an unpredictable fashion; The SNAP food stamp program will be expanded to include cable TV access to a new U.S. government-sponsored channel, "Bread and Circuses, and QE3 will include issuing U.S. Treasury bonds directly to households!

Monday, December 27, 2010

Herman Cain

Every presidential race attracts its share of ego-tripping attention-mongers who revel in the all-too-brief spotlight.  Boortz would make a better Commander-in-Chief than Herman Cain.   

Saturday, December 25, 2010

And it's Christmas in Dixie...........

It's snowing in the pines...........Atlanta got what they were told was headed this way.

It's a white Christmas in Hotlanta!

And this was 2009 pay...........

Bank of America Corp.


Thomas Montag

2009 Total Compensation: $29,930,431

JPMorgan Chase & Co.

James Dimon

2009 Total Compensation:

$9,274,494

Citigroup Inc.

John Havens

2009 Total Compensation: $11,276,454 Morgan Stanley

Walid Chammah

2009 Total Compensation: $10,021,969

The Goldman Sachs Group Inc.

Lloyd Blankfein

2009 Total Compensation: $9,862,657 Wells Fargo

John Stumpf

2009 Total Compensation: $21,340,547

Thursday, December 23, 2010

Let us pray...........

Father, Son, and Holy Ghost?

Bernanke, Blankfein, and Dimon.


Holy Trinity?

Warren Buffett, Bill Gates and Steve Jobs?

Monday, December 20, 2010

Alpharetta WalMart theft............

The shoplifting at our local WalMart store is out of control.  I spoke with a law enforcement officer on Saturday inside the store and he spoke with honesty and humor.   They can't stop it.  The thieves don't live locally and just show up to steal at will.

I was with my son and a friend to purchase night crawlers to go fishing.  Worms.  They were all gone, stolen.  Gone.   They had left the dirt and the containers and all the worms had vanished.   I hate shopping at WalMart and having to see all of the thieving.  Recently I saw an employee stealing.

If anyone from WalMart would care to call and discuss the above feel free.  I am easy to find.

My cell is 877-772-1621.

Those punks from south Atlanta look to be having a catfish Christmas.

Saturday, December 18, 2010

Dad always said to preserve the peace, prepare for war..........

A guy makes a rolling stop at a stop sign, and gets pulled over by a local policeman.  The guy hands the cop his driver's license, insurance verification, plus his concealed carry permit.

"Okay, Mr. Smith," the cop says, "I see your CCW permit. Are you carrying today?"

"Yes, I am."

"Well then, better tell me what you got."

Smith says, "Well, I got a .357 revolver in my inside coat pocket.  There's a 9mm semi-auto in the glove box. And, I've got a .22 magnum derringer in my right boot."

"Okay," the cop says. "Anything else?"

"Yeah, back in the trunk, there's an AR15 and a shotgun. That's about it."

"Mr. Smith, are you on your way to or from a gun range...?"

"Nope."

"Well then, what are you afraid of....?"

"Not a damned thing..."

Friday, December 17, 2010

A beauty from Nassim Taleb

"The opposite of success is not failure.  It's name-dropping."

Wednesday, December 15, 2010

This makes sense or does it?

With the domestic (and global) economy in shambles, and not foundering only due to $4+ trillion in fiscal and monetary stimuli and near-double digit unemployment, there is, however, a silver lining - Reuters reports 2010 may be the second highest bonus payout season on Wall Street ever!!!

Sunday, December 12, 2010

Your debt.......mine and yours.......OURS!

With little fanfare, the November budget deficit of $150.4 billion was reported, which happened to be the worst fiscal November in the history of the US, and just out of the top 10 of worst deficit months ever, including the traditionally weak seasonal months of December, April and September (indicatively, the worst deficit month was the February 2010 $221 billion). The deficit was a major surprise to all those who had expected a pick up in income tax revenues. And as the charts below demonstrate, while there was indeed a modest pick up in tax collections, it was nowhere near enough to offset the surge in government outlays (even with interest payments still at near record low levels). What was also not broadly appreciated is that the cumulative debt issuance over deficit funding has hit a new all time high of $1,735 billion since our October 2006 starting point (4 fiscal years ago). And what is a bigger concern, is that the debt issuance continues to remain at almost exactly 50% over the deficit. Additionally we know that courtesy of Obama's latest stimulus for the wealthy (and everyone else) the latest projection for the 2011 budget deficit will hit $1.5 trillion (after it was just $1.1 trillion a few months prior). What this means is that should the US Treasury continue to issue 50% more debt than total deficit needs, by the end of fiscal 2011, the US will have issued another roughly $2.25 trillion in net debt. Granted this is a rule of thumb. But what it means is that the $900 billion in notional (not market) value of bonds to be bought back by the Fed through June will be woefully insufficient, and that as a result we expect that Ben Bernanke will be forced to monetize another $1.2 trillion in debt to continue with his course of monetizing every dollar of deficit spending, as he has been doing since the advent of QE2. It also means that unless something dramatically changes, through October 31, 2011, total US debt will be $15.9 trillion, up from the $13.9 trillion as of the end of last month, and will mean that the debt ceiling will have to be raised not only once, but likely twice in the next 12 months. We are now truly a banana republic you can believe in.

A Huckabee ZINGER...........

"If we want to keep our nation's secrets 'SECRET' store them where  President Obama stores his college transcripts and birth certificate."

Sounds like Governor Huckabee might also mention that they’re safely stored with Bush’s transcripts and the paper trail of his Alabama AWOL.

Wednesday, December 01, 2010

Am I the only American ......

who is royally upset about the American Taxpayer bailing out European banks?  God Almighty help us.

Your Government again withholding information.........

At noon today, the Fed will provide an information dump identifying recipients of $3.3 trillion in emergency aid which it dispensed as per its interpretation of its mandate following the Lehman collapse. From Bloomberg: "The data will probably show the magnitude of central bank support to companies including Bank of America Corp. and General Electric Co. after the collapse of Lehman Brothers Holdings Inc. spurred a surge in private borrowing costs. Lawmakers demanded disclosure after the Fed approved aid dwarfing the federal government’s $700 billion Troubled Asset Relief Program." Not all data will be available, however: all important discount window information will not be included as part of this package: "Congress excluded one Fed program from disclosure, the discount window, which is the subject of a 2008 lawsuit filed by Bloomberg LP, parent of Bloomberg News, against the central bank. A group of banks is appealing to the Supreme Court over lower-court decisions ordering the Fed to identify loan recipients. The program peaked at $110.7 billion in October 2008." Since today’s information relates to aid from Dec. 1, 2007, through July 21, 2010, there will be enough information to satisfy the most detail-oriented forensic reverse engineers.