Folks, keep your seatbelts on and make sure your airbags are in working condition. The head-on collision with economic disaster may just happen yet.
At the top of the Agenda we have the U.S. Defence Department asking to expedite its production of the super bomb…a 30,000-pound bunker-buster bomb, just in case we have to use it on Iran and N. Korea. See link http://www.bloomberg.com/apps/news?pid=20601109&sid=aMiQmByND.2A
The President admits the recession is worst than first predicted last year and more jobs will be lost. There goes the “recovery is around the corner” theory. There is NO Corner in a circle and there is no corner in an economic S…Hole. There is no chance in HELL any recovery can happen without job creation. No income No consumption, No consumption bigger company losses, bigger company losses more lay-offs and company bankruptcies… and the beat goes on…and the beat goes on just like the Sony and Cher song says.
See link http://www.bloomberg.com/apps/news?pid=20601087&sid=aKJ8pd.VoTyc
The FDIC (Bloomberg Reporting) is now the proud receiver of five more banks which went belly up! See link http://www.bloomberg.com/apps/news?pid=20601087&sid=a3KVKk_i5_cM
Europe has contracted financial “leprosy” and they don’t have a vaccine for it yet. They are losing more jobs. (BBC Reporting) See link
http://news.bbc.co.uk/2/hi/business/8178023.stm
News Week reporting “…Americans are spending less…” there goes more retailers and small business down the tube. See link http://www.businessweek.com/magazine/content/09_15/b4126019265242.htm?chan=top+news_economics+subindex+page_economics
And the Financial Times Reports that the GDP (the economy) is still shrinking…though not as much…WOW!!!!! That’s good news…good news for morons that is. See link http://www.ft.com/cms/s/0/34977262-7d48-11de-b8ee-00144feabdc0.html?nclick_check=1
Now if any of you still believe all the rosy reports the Main Stream Media is giving you and you believe that things are getting better, I want you to go to http://www.stupidpeople.com/ and register for the “shoot me I am a moron” News Letter.
You know what friends…I am packing up my things and moving to Fiji…where the sun shines every day, the water is clean, the food is healthy, the people are friendly and I am going to sit on the beach day and night drinking margaritas…lol You are all welcome to join me.
At the top of the Agenda we have the U.S. Defence Department asking to expedite its production of the super bomb…a 30,000-pound bunker-buster bomb, just in case we have to use it on Iran and N. Korea. See link http://www.bloomberg.com/apps/news?pid=20601109&sid=aMiQmByND.2A
The President admits the recession is worst than first predicted last year and more jobs will be lost. There goes the “recovery is around the corner” theory. There is NO Corner in a circle and there is no corner in an economic S…Hole. There is no chance in HELL any recovery can happen without job creation. No income No consumption, No consumption bigger company losses, bigger company losses more lay-offs and company bankruptcies… and the beat goes on…and the beat goes on just like the Sony and Cher song says.
See link http://www.bloomberg.com/apps/news?pid=20601087&sid=aKJ8pd.VoTyc
The FDIC (Bloomberg Reporting) is now the proud receiver of five more banks which went belly up! See link http://www.bloomberg.com/apps/news?pid=20601087&sid=a3KVKk_i5_cM
Europe has contracted financial “leprosy” and they don’t have a vaccine for it yet. They are losing more jobs. (BBC Reporting) See link
http://news.bbc.co.uk/2/hi/business/8178023.stm
News Week reporting “…Americans are spending less…” there goes more retailers and small business down the tube. See link http://www.businessweek.com/magazine/content/09_15/b4126019265242.htm?chan=top+news_economics+subindex+page_economics
And the Financial Times Reports that the GDP (the economy) is still shrinking…though not as much…WOW!!!!! That’s good news…good news for morons that is. See link http://www.ft.com/cms/s/0/34977262-7d48-11de-b8ee-00144feabdc0.html?nclick_check=1
Now if any of you still believe all the rosy reports the Main Stream Media is giving you and you believe that things are getting better, I want you to go to http://www.stupidpeople.com/ and register for the “shoot me I am a moron” News Letter.
You know what friends…I am packing up my things and moving to Fiji…where the sun shines every day, the water is clean, the food is healthy, the people are friendly and I am going to sit on the beach day and night drinking margaritas…lol You are all welcome to join me.
This Again Is Not News...It's Jungle Politics!
From The Desk Of Dr. Politikong...Over And Out!
All I have to say is "GET ME OUTTA HERE!!!!"
ReplyDeleteI think we are looking at a very long and painful recovery if we ever get there.
ReplyDeleteThank you for all the info
Austin TX
What the hell is going on is there no end to this mess?
ReplyDeleteVila J
NJ
What is going on Kong. I can't post a comment on your blog. The CIA finally got you
ReplyDeleteJP NY
Dr. Politikong, great blog as usual.
ReplyDelete(What's with all the "access denied" posts???)
Dave Wild
Ottawa, ON, Canada
Dave Wild
ReplyDeleteOttawa, ON, Canada
Dave I don't know what's going on. I got on my blog today and there were quite a few comments I wanted to read, but all I could see was access denied....I've try to find a way to contact blogger but they don't even have a number to call or a tech support site.
I hope there is a way to fix that if not I will be moving my blog somewhere else. Thanks for the interest.
Why are so many of the comments being denied access??
ReplyDeleteA
Toronto
Can we post comments now. Because I couldn't post before
ReplyDeletetest
ReplyDeleteI've been trying to post this for days now but I kept being denied access. Thank you Dr. Politikong for leading the fight against these bastards.
ReplyDeleteHave you contacted your congressmen and senators yet? STOP paying the Wall Street bastards!! *************** The reason why I list zombie bank compensation as the No. 1 "hot button" issue, even before the current market manipulation is that IT IS ALL ABOUT MONEY. If we take the money away from the manipulators, we take away their motive to manipulate. So It is high time to thrust this dagger to the hearts of manipulators. Since we have effectively nationalized these zombie banks (see the excerpt below), they are no longer independently private business entities. Therefore, they are public entities owned by tax payers. Yes, the logic is brutally simple: if you are not private, you must be public. When you are public, your internal compensation for employees cannot exceed the one for average government workers. Externally, there is no profit left over after satisfying the taxpayer claims (see the excerpt below). Therefore, the earnings allocated to the external stakeholders such as Warren Buffet on the equity side and Bill Gross' PIMCO on the debt side are negative. When any one of these zombies disagrees and claims it is private, we will say:" Great. Please pay off immediately your share of the $180 AIG bailout (the figures are well documented); Take your entity off the FDIC debt program and you are not allowed to borrow at the rates from any other zombies who are still on the program." This is what clawbacks are about. The excuse that any one of the zombie may use is that it may lose talents in trading. The answer to that is also brutally simple, you can kiss our taxpayers ass! Trading is a zero-sum game. It has no added value to taxpayers!! We don't support you because your trading is good for us. We do that because we want you to be a financial intermediary for us, i.e. providing credits to consumers and small businesses. Another excuse: Bonous is part of the contract. Well, the answer is also simple: Let that contract kiss taxpayers' ass! What contract law says a contract is still enforceable when one party no longer exists as an independent entity? ***********
Ladies and Gentlemen, that is all there is. I have been trying to say this for at least 8 months now. So, please contact your congressional servants today (you can easily find your state congressmen and senators via a search engine) to tell (not ask, mind you, they are your servants) them that the compensation plan which the zombies will submit in 2 weeks cannot be approved until or unless no employee can be paid more than an average government worker. In case your action is not fast enough, government reserves the right to recover and confiscate all improper compensations. Last but not least, you must disclose your affiliation with and financial interests in the zombie banks. Any request without the disclosure should not be validified by the congreesional reps. ************ (excerpt) The following are what I believe the hottest "hot button" issues that must be vigorously contested as soon as possible. 1.PEOPLE finally have enough of it. The trigger could be the next round of Wall Street bonus bonanza. I agree with Chris whalen, we have effectively nationalized our too big to fail financial firms by guaranteeing a $1.4 trillion of their debts via FDIC, these firms are effectively the GSEs like Fannie Mae. The real taxation without representation is in the AIG $180 billion bailout, which in turn bailed out their counterparties such as GS and JPM. Without the former, all these ponzi-scheme participants would have gone under in a matter of days due to 1)CDS market implosion 2) the freezing of bank to bank lending as PARTIALLY witnessed in the last fall. Without the latter, all these banks would have no sufficient capital to survive.The real crime is: How the hell can Wall street be entitled to bonuses again when they are still on life support by us? We, the tax payers own the entire God damn financial joints, make no mistake about that. How dare could they even possibly think about bonuses? How could any of them make a TRUE profit after paying their fair shares of the above two??...
ReplyDeleteI want to thank all of you who follow my blog and also thank those of you who contribute to it via commentary...Had some excellent comments and important info being distributed. Thank you all.
ReplyDeleteMy apologies to those of you whose comments I lost because they were "denied access". I still don't know what happened. However, all seems to be OK now, and I am looking forward to receiving and reading your views on any topic.
Forwarding my gratitude to you all
DR. Politikong.
Kong I would tell you what to do with that finger but I love your blog so I won't say anything. Besides I would not want to get an ugly crazy gorill like you angry at me. Friends? I am a follower.
ReplyDeleteJonny S.
Calgary
PK what happened to all those comments that were "access denied". One of them was mine.
ReplyDeleteNY
NY
ReplyDeleteI have no idea what happened to the "access denied" comments. Just like I have no idea why so many people were denied access.
Thanks for staying with the program!
Come on PK, I am waiting for the new one. Last time I tried to log on I was denied access...It seems to be working now.
ReplyDelete