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Rajjpuut's Folly: Forget 9/11, Pearl Harbor, 1929: Danger Most Dire Coming Next

Posted by Bob VanDeHey on September 17, 2011 at 12:00pm


          “Our Federal Reserve Chairman Ben Bernanke and President Obama have united on policies that saw the printing of new dollars to the tune of 15.1 X our 2008 circulating currency; and then later doubled that amount by running the money printing presses non-stop. In an ordinary country operating by ordinary rules, America would be beset by hyper-inflation and the 2011 dollar would be worth about 3.2 pennies-worth of the 2008 dollar. We’ve been saved by the fact that the American dollar is the world’s reserve currency . . . that lucky saving situation will soon change . . . the day of reckoning is upon us.”

 

“. . . the American Dollar will be yesterday’s news and those holding dollars and any American paper instruments (like bonds) will be up a certain infamous creek without locomotion. The price of everything in dollars would then jump spectacularly. Gas might reach $16 or $17 per gallon. Eggs? Maybe about the same.  Overnight the standard of living of all Americans would drop to about the 1930’s level as the cost of necessities would become prohibitive and luxuries would be . . . well, rare luxuries again.”
 
American Dollar to Go
The Way of the Dinosaurs?
 
                The seedy little bearded men with wild-eyes carrying signs reading “The End is Near” have stepped out of the magazine cartoons and will soon surround us.  The apocalyptic event foreseen long ago, conceived in progressivism and dedicated to the socialist dream is now approaching her “due date.”   The gold dollar is long dead, long-live the Obama B.S. paper dollar worth 1/3 of a cent in 1913 money.  Hail the new AmeriKa!**
For all but 27 of the last 98 years, progressive politicians have owned the Oval Office. For 93 of those years they have controlled at least one and usually both chambers of Congress (the House and Senate). America in the next fifteen months, probably sooner, will receive an ugly slap across the face; forced to pay for those sad voting truths as our Keynesian chickens get swallowed alive by the voracious hawks of economic reality. Are we talking about the end of the American Way of Life? Short of a miraculous and virtually instantaneous return to original principles and virtues (meaning fiscal-conservativism; Constitutional-conservativism; simple common sense; and drastically reduced government size and scope and interference), that is precisely what we mean: the end of America and the beginning of AmeriKa, the decadent banana-republic socialist state we’ll all come to know and despise. Let’s return very briefly to the beginning of our woes . . . .
With the assassination of William McKinley, Theodore Roosevelt ascended to the presidency. There was no Oval Office then; his successor William Howard Taft was the first to occupy that room. TR was a believer in progressivism (the doctrine that we must progress beyond and abandon the “outdated and ill-conceived U.S. Constitution” if we are to make progress toward our earthly Utopia). What does that mean in real life, your life? What’s progressivism about? Roosevelt did some powerful things that certainly in retrospect seem like they well needed doing. He began the National Park system; he created the Panama Canal; he dramatically expanded and modernized the nation’s armed forces especially the Navy which he sent out upon an ostentatious world tour to flex our muscle while sailing “quietly but carrying a big stick.”
TR is now one of the four faces on Mt. Rushmore and regarded as one of our greatest presidents. So what’s so bad about progressivism? It wasn’t particularly what he did, but more HOW he did it. Teddy commandeered part of a larger country then known as Colombia by creating a revolution there and next removed part of Colombia. He then named the resulting isthmus-nation “Panama” and began dredging a canal there which was owned by the United States. His expansions of the military and creation of the national park system were largely a product of TR’s powerful personality side-stepping and by-passing Congress and the Constitution. It was a benevolent progressivism for the most part, but progressivism nonetheless.
Our first truly progressive and ugly-progressive President was Woodrow Wilson and since the 1913 creation of the Internal Revenue Service and the Federal Reserve Banking System and Wilson’s dramatic expansion of government reach and largesse we’ve largely been a progressive nation ever since. The wages of Wilson’s sins added to those of ultra-progressives Hoover, FDR, Johnson, Carter, and Obama(36 years so-far and Obama’s seeking re-election); and several semi-progressive presidents; and a virtual unending list of progressive Congresses and we’ve now as a predictable result piled up a national debt of $15 TRillion. We’ve played fast and loose with UNfunded liabilities of $112+ TRillion (Social Security, Medicare, and the federal side of Medicaid – not to mention all the welfare state which isn’t even included in that figure) for a total of ($127+ TRillion) 2.2 X the entire planet’s gross domestic product. 
Since March, 2009, our Federal Reserve Chairman Ben Bernanke and President Obama have united on policies that saw the printing of new dollars to the tune of 15.1 X our 2008 circulating currency; and then later doubled that amount by running the money printing presses non-stop. In an ordinary country operating by ordinary rules, America would be beset by hyper-inflation and the 2011 dollar would be worth about 3.2 pennies-worth of the 2008 dollar causing immense consternation at the grocery store, gas pump . . . everywhere. We’ve been saved by the grace that the American dollar is the world’s reserve currency . . . a lucky saving situation that will soon sadly change . . . the day of reckoning is upon us.
Understand this: we’re NOT talking about the 2007-to-present financial crisis, but referring to a situation that’s related to it, but infinitely worse. We’re talking about 98 years worth of Keynesian chickens come home to roost. We’re talking about the Bernanke-Obama inflationary epoch coming home to roost; we’re talking about the collapse of the American dollar. In case you don’t understand the word “Keynesian,” let’s quickly clear that up: the Brit John Maynard Keynes’ back in the teens and 1920’s came up with theories that totally defied the collected economic wisdom of the centuries and specifically Adam Smith’s massive tome The Wealth of Nations. In line with the Fabian Society of England (the progressive British fathers of American Progressivism) Keynes said that government spending was an unmitigated GOOD that could create prosperity at will.  Government spending was the key to Utopia. Every semi-totalitarian state gained carte blanche from Keynes to spend whatever it took to make the powers that be happy.  Every democracy gave progressives the power to promise the people anything and everything to keep their sick policies; and sick leaders in office perpetually.  Even though Keynes later in his life recanted and admitted that Smith was correct and his own theories dead wrong, most governments around the world and here in the United States have been enveloped in a binge of government spending ever since.
Around 1949 those policies cost England, Keynes’ homeland, its ownership of the world’s reserve currency the British Pound Sterling after  it had held that lofty position for over two hundred years . . . since then England has been shrouded in one financial disaster after another . . . after being THE global military super-power pretty much since 1588 and owning the most trusted money on the planet for roughly 2 ¼ centuries. A far worse fate awaits the United States barring an extraordinary miracle because America under Bernanke and especially under Obama has abused the laws of economics far worse than the Brits ever did. What precisely are we talking about?
The nation is now past the point where a long predictable “economic rebalancing” is overdue. Recently our nation’s credit ranking was dropped for the first time in our history. The point where that should have happened was actually reached in 1973 when Richard Nixon let the dollar “float” against gold and against other countries’ money and refused to honor our country’s fiduciary promises to people who bought American Treasury bonds. Things have gotten much, much worse for foreign-holders of American currency since 1973 and much, much, much, much, much worse for American holders of dollars ever since. 
Here’s one very quick example of why this happened. Besides all the foolish government spending of borrowed money (we were the world’s greatest creditor nation two generations ago and are now the world’s largest DEBTOR), the government also stepped into the free markets and told banks and businesses how they must run their operations. Progressive Jimmy Carter and his progressive Congress in 1977 passed the Community Reinvestment Act (CRA ’77) which for the first time required (FORCED) mortgage lenders to knowingly make bad loans to unqualified home loan applicants. Since that time the rate of suspect loans (with 3% down payment or less) has risen from 0.24% in 1977 to 34.25% of all mortgages in 2007 when our financial crisis (the sub-prime loan crisis) began. 
That amounted to a 1,425% multiplication of the rate of suspect loans. Worse, instead of giving 3%-down loans to ex-Army officers enrolled in college under the GI Bill (as they were back in 1975), under the 4th Bill Clinton expansion of CRA ’77 (his 1998 “steroid version” expansion) 0%-down loans were being granted to people without jobs; without good credit; whose only “income” was food stamps; and even to illegal aliens. Many of these people were put into $400,000 homes on the belief that home prices could only rise and they could later sell out and make a profit: a monstrously stupid progressive spread-the-wealth scheme. This was all pure Keynesian prosperity according to the progressive manifesto. The result is history, sad, sad history. Today our woes are so bad that even if all Americans were taxed 100% of our earnings we could NOT repay the national debt ($15 TRillion and growing). As far as the nation’s UNfunded liabilities ($112 TRillion+ and growing) and the welfare state (who knows what the cost of the welfare state is since under Obama just SNAP -- the Supplemental Nutrition Assistance Program commonly called “food stamps” --recipients have reached well over 40 million souls), so your guess on the full size of all these government spending and government interference boondoggles is every bit as good as my guess might be . . . .
The bottom line? Expect (unless miracles occur) the world to change back to the gold standard; or possibly a combination gold standard and a shift to gold-back currencies like the Swiss Franc or the Kruggerand; or most likely a digital-based gold standard for conducting the world’s international trade. That is, the American Dollar will be yesterday’s news and those holding dollars and any American paper instruments (like bonds) will be up a certain infamous creek without locomotion. The price of everything in dollars would then jump spectacularly. Gas might reach $15 or $16 or even $20 per gallon; eggs, maybe about the same. Overnight the standard of living of all Americans would drop to about the 1930’s level as the cost of necessities would become prohibitive and luxuries would be . . . well, rare luxuries again . . . You know those problems with pensions some people have had recently . . . those problems will soon seem like a pimple under Miss America’s evening gown: Bad day at Black Rock.
 
Ya’all live long, strong and ornery,
Rajjpuut
 
**            What can you do; what SHOULD you do to avoid AmeriKa becoming your own new lifestyle? The question is TOO BROAD and encompasses your safety (expect food riots in big cities) and perhaps even your nationality . . . wealthy Americans will exit in droves taking their job-creation abilities with them probably mostly to Canada and Australia and the U.K. Here’s the minimum you should consider: if you can afford it, GOLD would be a great idea.  Gold could see $12,000-$15,000 an ounce soon.  But every thinking American ought now to invest in “junk silver.” Either the 40% (1965-1970) or 90% (1964 and earlier) silver coins will do nicely. Silver has risen faster than gold this last decade and has, according to experts still a greater upside than gold. Silver is also much cheaper and far for convenient for every-day transactions. Won’t it be nice to be able to pay for a decent meal with a 40% silver quarter or a 90% silver dime rather than huge amounts of paper currency . . . however, Gresham’s Law (“Bad money drives good money out of circulation.”) would remind you that prudently you should spend your paper before you use any silver at all. The government would smarten up eventually and forbid flight from the country . . . with gold, palladium, platinum or silver or even numismatic coins . . . and even seek to “inspect” people’s safe deposit boxes as a Brave New World ushers in . . .  by the way while this reality is galloping toward us, MSNBC's Chris Mathews on his Hardball show (which only throws marshmallow questions to progressive politicians) is accusing the TEA Party of turning the Senate and House into zombies by "body-snatching."  So the only sane ideas in politics are being likened to horror flicks . . .  my, my . . . .
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Rajjpuut's Folly: Is Obama-led American Economy Already at the Cliff's Edge?

Posted by Bob VanDeHey on April 25, 2011 at 11:30am


 http://www.marketwatch.com/Story/story/print?guid=25965F12-6D1A-11E0-8CAB-00212804637C
 

 
Only government can take a perfectly useful commodity such as paper, print a few numbers on it and make it worthless . . .
 
 
American Economy Facing
Death by 10,000 Cuts
 
 
It's too early to calculate if the recent International Monetary Fund's projection (see link above) that the "Age of America" will end in five years when the Chinese Economy surpasses America's is accurate.  However, you don’t have to be a gypsy fortune-teller to read-between-the-lines well enough to see that the American economy is dying the death by ten thousand cuts. Of course, many (if not most) of our fearless leaders in Congress and the White House are proclaiming an ongoing recovery. We’re not talking the Mississippi here, but de-Nile, deep, deep denial. Until we’re willing to face up to the truth, no solutions are possible. The progressive leadership in this country over the last forty-eight years (only Ronald Reagan is exempt among presidents and both chambers of every single congress has been guilty with the verdict still out on our present House of Representatives) have destroyed the greatest economic machinery the world has ever known and substantially weakened and corrupted the greatest and freest society ever known. 
Except for producing reality TV series and useless TV networks, we almost don’t create or build anything any more . . . we certainly don’t create jobs. The American Dollar whose original symbol was a capital “U” with a capital “S” atop it has been led to a slow death. Thanks to our leaders we are almost literally drowning in debt: $14.3 TRillion officially; plus $115 TRillion in UNfunded liabilities (Social Security; Medicare; the federal side of Medicaid) or a total of almost $130 TRillion we purposefully ignore discussing; plus, oh yes, that Welfare State that just got Obamacare added onto it . . . .

www.prisonplanet.com/24-signs-of-economic-decline-in-america.html
In a recent article the Prison Planet website told a sad story . . . when we’re through examining their cataloging of the situation . . . besides some parenthetical comments you’ll see immediately after each item, Rajjpuut has three shocking insights to add to the picture, Prison Planet said . . . .

The Economic Collapse: 24 signs of economic decline in America
 
#1 Standard & Poor’s just altered its outlook on U.S. government debt from “stable” to “negative” and warned the U.S. that it could very soon lose its AAA rating (the last time this happened was during the three months following the December 7, 1941 surprise attack on Pearl Harbor).

#2 China has announced that they are going to reduce their holdings of U.S. dollars (China, Brazil, Russia, and several other countries have openly called for elimination of the dollar as the world’s reserve currency and China, Russia, Brazil and India have been moving out of Greenbacks into gold and silver).

#3 Hedge fund manager Dennis Gartman says that “panic dollar selling is setting in” and that the U.S. dollar could be in for a huge decline (the dollar has lost 24% of its value this last decade).

#4 The biggest bond fund in the world, PIMCO, is now short-selling U.S. government bonds.

#5 This cruel economy is causing “ghost towns” and “ghost neighborhoods” to appear all across the United States. There are quite a few counties across the nation that now have home vacancy rates of over 50% (Las Vegas, Nevada has one of the highest home vacancy rates in the nation . . . it’s so bad there that there’s a mini-construction “boom” going on . . . what? why? because rather than clients moving into the ghost neighborhoods for a bargain price they prefer to get into whole new sub-divisions with other people nearby rather than a seedy area over-run by kangaroo rats).

#6 There are now about 7.25 million fewer jobs in America than when the recession began back in October, 2007.

#7 The average American family is having a really tough time right now. Only 45.4% of Americans had a job during 2010. The last time the employment level was that low was back in 1983.

#8 Only 66.8% of American men had a job last year. That was the lowest level that has ever been recorded in all of U.S. history.

#9 The average large company’s CEO made 343 times more money than the average American worker did last year.

#10 Gas prices reached five dollars per gallon at a gas station in Washington, DC on April 19th, 2011. Could we see $6 gas soon?

#11 Over the past 12 months the average price of gasoline in the United States has gone up by about 30%.

#12 Due to rising fuel prices, American Airlines lost a staggering $436 million during the first quarter of 2011.

#13 U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes.

#14 Approximately one out of every four dollars that the U.S. government borrows goes to pay the interest on the national debt.

#15 Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.

#16 Total credit card debt in the United States is now more than 8 times larger than it was just 30 years ago.

#17 Average household debt in the United States has now reached a level of 136% of average household income. In China, average household debt is only 17% of average household income (1/8 as high a percentage on a lot less earnings).

#18 The average American now spends approximately 23 percent of his or her income on just two items food and gasoline (forty years ago that number was about 7%).

#19 In a recent survey conducted by Deloitte Consulting, 74 percent of Americans said that they planned to slow down their spending in coming months due to rising prices.


#20 Over 59 percent of all Americans now receive money from the federal government in one form or another.

#21 According to the U.S. Bureau of Labor Statistics, the average length of UNemployment in the U.S. is now an all-time record 39 weeks.

#22 As the economy continues to collapse, frustration among young people will continue to grow and we will see more seemingly “random acts of violence”. One shocking example of this happened on a Metropolitan Atlanta Mass Transit Area (MARTA) vehicle recently. The following is how a local Atlanta newspaper described the attack . . . .
 
               Roughly two dozen teens, chanting the name of a well-known Atlanta gang, brought mob rule to
MARTA early Sunday morning, overwhelming nervous passengers and assaulting two Delta flight attendants.
 
#23 Some Americans have become so desperate for cash that they are literally popping the gold teeth right out of their mouths and selling them to pawn shops.

#24 As the economy has declined, the American people have been gobbling up larger and larger amounts of antidepressants and other prescription drugs. In fact, the American people spent 60 billion dollars more on prescription drugs in 2010 than they did in 2005.

            To understand the full picture, consider this: Barack Obama’s puppet-master, George Soros (the “man who broke the Bank of England” and owner of some 52 progressive-foundations that have been working to undermine the U.S. economy for the last nine years as well as funding Barack Obama’s campaigns) is openly calling for the Chinese Yuan to replace the Dollar as the world’s reserve currency. Soros, who has been called responsible for the destruction of at least six other currencies, is now heavily invested in the Dollar’s destruction. Every day that we refuse to emulate the British and adopt severe austerity measures, the closer Mr. Soros gets to adding another few hundred billion dollars worth of profit to his net worth. However, it’s not likely that Barack Obama will cut his own strings and act for the good of the American people against George Soros.
Real money, such as gold or silver, does not change in value over time although because of supply and demand considerations and new inventions, etc. it may be used to buy more or buy less of certain commodities. Paper money which is NOT backed by gold or silver (fiat money) always becomes worth less over time and eventually worthless. Right now Americans are shocked that the dollar has officially lost 24% of its value in a decade . . . but that’s only the official figure. The Federal Reserve Bankers under Fed Chief Ben Bernanke have not so much been “printing money” but merely creating it electronically. If the official figures took into account all Mr. Bernanke’s shenanigans and the world valued the Dollar accordingly then the 2011 dollar would be worth between 3-4 pennies from the 2001 DOLLAR.  Leave it to government to take a perfectly useful commodity such as paper, print a few numbers on it and make it absolutely worthless . . . by the way, gold prices have risen 45% in the last eighteen months; silver has risen 58% in the last four months as people and nations are abandoning paper currencies like the Dollar, Euro and Yen. 
            The combined U.S. National Debt and UNfunded liabilities and Welfare responsibilities of the American government right now is equal to about three and one-half times the Gross Domestic Product ($57 TRillion) of the entire world . . . and yet the highly visible film-maker Michael Moore, all the unions, and the Progressives in congress from both parties claim there is “plenty of money” and refuse to cut spending and are debating when and how and how much to increase the debt ceiling right now. They’re counting on higher taxes upon “the rich” (those married couples earning a combined $250,000 or more who create all our small business jobs) to solve all our problems while continuing to create higher deficits, the one thing NOT on their agenda: spending cutbacks.
 
Ya’all live long, strong and ornery,
Rajjpuut
 
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Rajjpuut's Folly: Debt-Caused Downgrade Drives Dollar, Gold, Oil, Food, Inflation Higher

Posted by Bob VanDeHey on April 20, 2011 at 8:32am


 

 
 
           It’s been less than two weeks since the Republican House leadership caved into President Obama and received just $392 million in real cuts for the fiscal 2011 budget; and just two days since the Standard & Poors bond rating services listed a negative outlook for the United States’ fiscal future and already the effects are being felt as worldwide distrust of the once-mighty dollar is evident everywhere:
 
Item: George Soros, “The Man who Broke the Bank of England” a.k.a. the “International Man of Misery” who’s earned his tens of billions by wrecking currencies and whole economies especially in Europe and SE Asia  . . . is moving in for the kill. Soros -- the biggest individual funder of the Obama campaign for presidency via 54 separate U.S. and foreign foundations -- claims that the U.S. Dollar as evidenced by the S&P ratings adjustment is “no longer the world’s reserve currency.” Soros added that the dollar is plunging so quickly in value, central banks and investors have no choice but to shift away from the Greenback to avoid huge losses and that oil, gold and other commodities as well as currencies such as the Chinese Yuan, Euro and Yen are taking up the slack.
Item:  The price of gold has shot up to $1,503 the highest in history; silver moved up to $44.77 zeroing-in on its all-time high price of $51.28. Gold has risen 6.5% since the New Year; silver has climbed 55% in the same period.
Item: Numerous restaurants in New York City, Chicago, San Francisco and Los Angeles have raised their prices and some have placed easily-read signs saying they take foreign currency such as the Mexican Peso, the French Franc, the British Pound and Canada’s dollar.
Item: The U.S. dollar index is currently near a 16-month low at roughly 74.30 against a basket of other currencies. The Federal Reserve banks’ easy-money policies are now coming under heavy criticism from Democrats as well as Republicans.
Item: Ethanol subsidizing continues although everyone who understands the problem realizes that Ethanol 1) is only viable because of government subsidies and cannot stand on its own and b)Ethanol causes far more pollution in sum than gasoline does because of the huge costs required to transport corn to the ethanol plants (not quite the same as an oil pipeline). Meanwhile the price of corn and corn products, which are found in about 300-different common foods, are sky-rocketing and surprise, so is the price of food.
Item: The price of oil, which seemed to be ebbing last week, has jumped back almost $5 to $110.60 a barrel. Gasoline prices above $4 per gallon are fast becoming commonplace.
Item: There may be a bit of a silver-lining to this last item. Whenever gasoline gets above $3.30 a gallon, Methanol becomes quite an attractive alternative as does Natural Gas. Both would require about a $150-200 retrofit to be used in cars, but they’re cheaper than gas now; much cleaner; much more abundant in the United States than anywhere else. Some environmentalists claim that while it’s better than gasoline, Natural Gas is still nasty pollution-wise.   At roughly$2.20 a gallon for gasoline we have a real cheap alternative – and of course sometime soon we could see gas prices double that in this country . . . keragen a.k.a. marlstone a.k.a. oil shale (it’s neither shale; nor oil and takes a mining rather than drilling operation to free from the ground. Right now the huge keragen deposits in Western Colorado, NE Utah; and Southwest Wyoming could provide 400 years worth of fuel for the entire world. The leader in that technology is TOSCO (“The Oil-Shale Co.”) and guess who our only real competitor for Keragen dominance might become? China. So you’d better believe it would be in our interests to develop keragen quickly before China does.
An Only Casually-Related Item: Even as 53% of Americans still blame our financial troubles on George W. Bush -- Goldman Sachs has just this week received a blistering new rain of criticism for making a fortune during the financial meltdown by short-selling many of those ridiculous lumped-together-mortgage packages based upon shoddy sub-prime home loans that banks and mortgage companies had been forced to make since President Carter first passed the Community Reinvestment Act in 1977 (CRA ’77). CRA’ 77 law was expanded four times by President Clinton which Bush fought to repeal for 30 consecutive months between January, 2005 and July, 2007. Finally, a bi-partisan too-little, too-late bill passed which in August, 2010, Treasury Secretary Geithner paid respect to Bush for his efforts, by saying his law prevented a much worse meltdown and an utter collapse in home prices. Rajjpuut says, “Congratulations to Goldman Sachs! ”Isn’t it amazing how successful the left-wing is at blaming the free-markets and conservatives for every disaster caused by progressive left-wing interference in the free markets? 
After Clinton’s 1998 steroid-version expansion of CRA ’77 people without jobs; with horrific credit ratings; without rental histories; with only food stamps to declare as “income”; and even illegal aliens found it, easy thanks to ACORN, to get into $300,000 and $400,000 homes than people with good credit, etc. had faced in trying to get into $150,000 homes a decade earlier. If you’re uninformed and believe that conservatives pushed the economy into a ditch you deserve what Obama and the rest of the big spenders are giving us . . . the rest of us don’t. PS: who was the most famous ACORN attorney at getting home loan compliance forcing mortgage companies to make knowingly bad loans in Chicago?   Who was at the same time teaching night classes in self-described “Neo-Communist” Saul Alinsky’s “Rules for Radicals”??? Barack Hussein Obama. In 1995 and 1996 Obama not only was successful in getting such outrageous loans repeatedly and getting promises of further compliance but also in securing large ACORN donations. Does all this make you proud to be an American?
 
Ya’all live long, strong and ornery,
Rajjpuut
 
 
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Rajjpuut's Folly: The Emperor is Naked! S&P’s Negative Critique Hits the $$$

Posted by Bob VanDeHey on April 19, 2011 at 5:37pm

 

 
“It now seems that Barack Obama and Ben Bernanke here in America are the equivalent of a combined level 9.0 earthquake, tsunami, and nuclear disaster elsewhere.”
 
“The only reasons that anyone anywhere would buy or accept the Yen, Euro or Dollar right now is because they are either stupid or mad or have no choice (like retirees on Social Security). Get out! Get out! Get out! Put your retirement immediately into gold and silver . . . this government has not shown itself worthy of your trust. 
 
 
 
Credit Worthiness Doubts Plague the Once ALMIGHTY $$
Gold Prices Soar, S & P Makes Long Overdue
Negative Critique of U.S. Credit Rating
 
 
 
Gold prices moved to their highest in history in response to monetary shocks involving the Euro and the American Dollar. The incalculable damage done to America's once proud monetary system (for 60 odd years now, the Dollar has been the world's reserve currency) by the policies of Barack Obama and Fed Chief Ben Bernanke over the last twenty-seven months have just received their long-awaited first official comeuppance.   Standard & Poors has for the first time in history yesterday put a “negative” outlook rating upon the AAA credit rating of U.S. government Bonds. 
The American credit rating has never been anything but “stable” up till now. This long overdue move put American stock markets in a tailspin at least for Monday, 2011’s official Tax Day. Gold finished the day at $1493.00 per ounce while silver climbed to over $43.70 per ounce on the dramatic news.  In contrast, after being down over 250 points (1.9%) for most of the session the Dow Jones Industrial Average ended Monday off 140 points or down over 1.14%.   The announcement by S&P and the falling of the Euro combined for a bad day for financial markets in the West.
European nations are taking a belated but realistic look at the devastation that the insolvency of the P.H.I.G.I.E.S. countries (Portugal, Hungary, Ireland, GREECE, Italy, England and Spain; with England recently showing semi-drastic policy-change in support of their economy) where the specter of non-stop bailouts has created huge ripples in the world currency and stock markets. The debt crisis in Europe, despite the bailouts has seen the European community as a whole show evidence of some belt-tightening.  Here in America, however, Barack Obama has been spending and creating entitlements and big government like a maniac . . . and he’s been willfully abetted by the inflationary policies of Bernanke. 
The United States is one of just nineteen governments that enjoy S&P's highest, triple-A sovereign credit rating. It has had that rating, and a stable outlook, since 1941, when Standard Statistics merged with Poor's Publishing to form S&P.  S&P’s two predecessor agencies also gave the United States their highest ratings. S&P's warning came as a surprise, but only in the sense "that somebody decided to say the emperor has no clothes," says Howard Simons, a strategist with Bianco Research.
“If an agreement (on cutting deficit, national debt and UNfunded liabilities in the U.S.A.) is not reached and meaningful implementation does not begin . . . this would in our view render the U.S. fiscal profile meaningfully weaker than that of peer ‘AAA’ sovereigns,” New York-based S&P said today in a report that maintained its top rating on U.S. long-term debt while lowering the outlook to “negative” for the first time. 
By comparison, S&P is widely rumored to be considering lowering the Japanese bond rating because of the effect of the three-pronged disaster that struck that Island recently. Up to now Japan has enjoyed an AAA rating with a “negative” outlook but been able to sell their bonds at lower interest rates because besides eschewing inflationary monetary policies, the Japanese are a long-reputed “nation of savers not debtors” and the internal demand for the nation’s bonds among its people is very high. It now seems that Barack Obama and Ben Bernanke here in America are equivalent to a combined level 9.0 earthquake, tsunami, and nuclear disaster** elsewhere.  Rajjpuut looks at some crucial wealth-protecting alternatives to normal investing in the footnotes including so-called “Forever Stamps.”
Standard & Poor’s put the U.S. government on notice it could lose its AAA credit rating unless policy makers agree on a plan by 2013 to reduce budget deficits and the national debt. “If an agreement is not reached and meaningful implementation does not begin by then, this would in our view render the U.S. fiscal profile meaningfully weaker than that of peer ‘AAA’ sovereigns,” New York-based S&P said in its report.
S&P said there’s a one-in-three chance that the rating might be cut within two years and that its “baseline assumption” is that Congress and the Obama administration will come to terms on a plan to reduce record deficits. Treasuries and the dollar rebounded from early losses following the statement, while stocks declined.  Another financial rating service, Moody’s Investor Service, which has a stable outlook on U.S. debt, today said the U.S. budget debate is “positive” for the country’s credit. The S&P  action puts pressure on Obama and House Republicans to come to agreement on plans to reduce the national debt, which S&P says could rise to 84 percent of gross domestic product by 2013 roughly a 25% increase from where it was when Obama took office in January, 2009.
In response, House Majority Leader Eric Cantor called the S&P warning “a wake-up call for those in Washington asking Congress to blindly increase the debt limit.” S&P’s negative outlook “makes clear that the debt-limit increase proposed by the Obama administration must be accompanied by meaningful fiscal reforms that immediately reduce federal spending and stop our nation from digging itself further into debt,” the Virginia Republican said in a statement. Overseas investors hold about half of the roughly $9 trillion in outstanding marketable U.S. debt, including $1.2 trillion held by China and $ 0.9 trillion held by Japan. The specter of the Japanese government and China selling out American bonds and not renewing has many in Washington worried.
S&P failed to mention the $14.29 trillion debt ceiling, but said that if current American budget negotiations fail, it might not be possible to get an agreement until at least the 2014 budget cycle. Our Treasury Department has said the borrowing limit will be reached no later than May 16, at which point it will turn to emergency measures that provide borrowing room through about July 8. Republican leaders in Congress have said they will NOT back increasing the debt ceiling unless Obama agrees to more specific steps to trim the budget deficit, estimated to top $1.6 trillion this year, as well as agreeing to significant cuts. Nevertheless, despite all the attention the Dollar has recently received, the Euro is balancing on the edge of disaster and the Euro has risen in recent months compared to the Dollar. It seems that many worldwide investors are stuck in their ways considering only two currencies. Gold and silver, however, have seen meteoric rises in value compared to the Yen, Dollar and Euro.
Yes, there are other currencies more at risk. But the U.S. has, relative to its AAA peers, very large budget deficits and rising government indebtedness and the path to addressing these is not clear according to the S&P report. The report also said that from 2003 to 2008, the U.S. total government deficit fluctuated between 2 and 5 percent of gross domestic product. "Already noticeably larger than that of most 'AAA' rated sovereigns, it ballooned to more than 11 percent (under Obama) in 2009 and has yet to recover."
 
Ya’all live long, strong and ornery,
Rajjpuut
**
      The reader surely noticed that worldwide investors have for the most part shown little imagination in lining up their investment options for the last decade. The only reasons that anyone anywhere would buy the Yen, Euro or Dollar right now is because they are either stupid or mad or have no choice (like retirees on Social Security). Get out! Get out! Get out! Put your retirement immediately into gold and silver (or into “Forever Stamps” ???)  . . . this government has not shown itself worthy of your trust.  
      Taking the tiniest step to purchasing old-fashioned hard money (gold and silver coinage) would have provided investors a boost of roughly 450% in the case of gold and 420% for silver in the last decade. WE ARE LIVING THROUGH INFLATIONARY TIMES . . . fiat, paper currency (paper money NOT backed by gold and silver) is at great risk. Of course, one can always buy bullion gold or silver . . . but the advantage especially of junk silver (90% silver U.S. coins minted before 1965) is that they come in a “package” people are used to dealing with. Robert Ringer (author of “Winning through <despite> Intimidation”) and Harry Browne (author of “How I Found Freedom in an Unfree World) as early as 1973 were touting the opportunity in “junk silver” following the LBJ years.     
      After LBJ, Carter and now after Obama gets through with us . . . junk silver looks to be among the smartest investments possible. Shortly after the government began taking the silver content out of dimes, quarters and half dollars (55.5% in 1965 under LBJ; and the rest in 1971 by Nixon) the price of silver reached $1.65 per ounce, the break-even point. Silver is now at $43.87 per ounce. When it reaches $51.15 per ounce it will have earned its investors in 1965 3000% gain plus the original value. Let’s say two more things about silver . . . .
     Silver is heavy, so for those hoping to store great wealth:  alternatives like gold, platinum and palladium are much more desirable in the short run. Let Rajjpuut urge you, however, to keep a lot of silver handy. Why? Because . . . .
A.                           Silver is a very, very handy and very recognizable unit of exchange for emergency uses and even for everyday purchasing.
B.                           A strange thing has happened in industry. Gold and silver have always been necessary for manufacturing especially in electronics for both metals and up to recently in photography for silver. The fact is that because of silver’s relative cheapness, it has been the preferred metal in industry. Since when used industrially, a metal is seldom recovered . . . silver, at any given time is now RARER than gold in human hands. (It’s still easier to mine silver which is often found with gold in the earth and more common, but silver because of its cheapness is used so much more frequently in industry that the amount of silver held for wealth repository or for jewelry is less than the amount of gold. Rarity makes things valuable so in Rajjpuut’s twisted mind, silver is the better buy.
C.                            Historically the easily most common ratio of gold to silver value has been in the 15/1 – 16/1 range. So if gold is worth $1500 than IF the ratio was holding, silver would be selling at $100 per ounce about $150 higher than its present value. So again the balance of value now favors silver.
      Silver, alas, is heavy. Gold, platinum and palladium are so very valuable that making small purchases with them is not feasible . . . here’s another alternative:  so-called “Forever stamps.”   Background: when he was a boy, Rajjpuut lived in Germany and had a brief spell as a junior philatelist, a stamp collector. One of the most remarkable things he experienced was the beautiful mint Adolf Hitler stamps he collected with tiny values like 60 pfenning (then 15 cents American) compared to stamps issued during the German Weimar Republic with enormously high values like 200,000 Deutsch Marks many of which even had the original cost blacked out or just lined through and a higher value printed upon them.   The four Deutsch Marks to a Dollar before World War I eventually reached $26 TRillion DM to the buck by November, 1923, at the height of their severe inflation (about the time Adolf Hitler became a well-known national name by attempting the “Beer-Hall Putsch” in Munich <that is, attempting a coup d’ etat at pistol point upon the Bavarian State>). What’s that got to do with the price of tea? The U.S. Post Office “leadership” has decided they can save on printing costs and inconvenience for customers and themselves by printing “Forever Stamps.” The post offices hope to avoid constant rushes of huge customer lines for 1-cent, 3-cent, 5-cent stamps, etc. in their facilities when they start changing stamp prices more frequently due to rising## inflation. 
      The idea is that stamps printed without a price label and only the words “First Class” written upon them will be issued. Again: notice that NO price will be shown. So, if say, the price of a first-class stamp is now $.50 and the cost of first-class postage increases to say $5.00 per letter in four years, for example . . . even though postage has increased nine times to now cost ten times the original value, the postal customers’ old stamps still do the trick. In INFLATIONARY times that’s a huge boon for the customer savvy enough to have bought in bulk early on in the inflationary history. Stamps, of course, are light but need more protection from the elements especially water. For convenience sake the best way to buy in Rajjpuut’s not-so-humble opinion is in 100 stamp rolls which come in a protective seal.    So a 100-roll of stamps today costs, say $50.00 and will do the same trick as a 100-roll of stamps four years from now, but the hundred-roll of stamps at that time in the future costs $500.00. For those doing a lot of posting, the value of keeping ahead of postal rates is obvious. For the rest of us, stamps can be used as a very convenient form of MONEY.
Of course, collectible stamps and coins are also great storehouses of value, however, unlike everyday items like ordinary silver coins and ordinary postage stamps -- which both can be used easily AS MONEY – collectible items are “illiquid.”   “Liquid” means easy to dispose of. Dollar bills are highly liquid, but valuable stamps or coins are hard to get rid of without losing a lot of money, because stamp collectors and coin collectors interested in paying you what the item is truly worth are hard to find especially during financial crisis.  Pawnshop dealers might give you 35%. So, at most only 5% or 6% of your “portfolio” should be tied up in illiquid assets whatever they be, unless you are amazingly rich . . . in which case, you’d buy lots of valuables and hie thee to a safer haven where inflation is not a prospect. Rajjpuut hope this overview on protecting your wealth helps. He also hopes his 100% wrong about the need to take such extraordinary means. However, in his estimation, these are desperate times courtesy of BHO and call for desperate measures.
##
      Is there any advantage from Forever Stamps for the Post Office, you might ask?  Once purchased, a forever stamp is a perpetual stamp that never expires or declines in value. It's value, therefore, is the First-Class Mail stamp postage rate for a one ounce letter at the time of use (not the purchase-day cost) . . . so isn’t the post office risking bankruptcy? Perhaps not! First of all, the Post Office gets an immediate cash flow. Nobody buys those 100-stamp rolls and uses all 100 immediately . . . if they’re such a big operation and need 100 stamps or more per day, they get a special rate and print their postage labels right at their business. These Forever Stamps are aimed at the individual postal customer. So the post office saves on employees manning their front counter and has all this cash to use now when prices are what they are now, not what they’ll be in the future . . . with good management (oh-oh?!) they’ll stay well ahead of the curve and might show a string of profits for once. However, if the hyper-inflation -- that Bernanke and Obama seemed hell-bent on giving us -- comes about, that might be a different story.   People all over the country who’ve bought up dozens or hundreds of Forever Stamps using them like money in exchanges with tiny businesses who use even five to ten stamps daily could put a dramatic strain on the post office finances. Besides Rajjpuut might go into the “Forever Stamp” counterfeiting business . . . .
 
 

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Rajjpuut's Folly: Bid a Fond "Adieu" to the Once Almighty Dollar

Posted by Bob VanDeHey on January 16, 2011 at 10:00pm

 

 

A Sad End to the American Era??

 

 

            Greatly accelerated by the policies of Barack Obama and his progressive supporters, the bankruptcy of the United States is now a fact of life. The only questions left are A.  how and when the masses will become aware of it and B.  Will there be an honorable rebound or complete chaos as a result. Rajjpuut has long been warning about the ills of big government, unconstrained spending and of the deliberate betrayal of the country by the progressive-wing of the Democratic Party. 

 

            When the American Dollar loses the position it’s held for the last sixty years as the world’s reserve currency; virtually immediately a shift toward large-scale inflation will be incurred. How will you know that the curtain’s coming down on the American Greenback? Here are seven likely warning signs marking the end of the global U.S. Dollar standard (for most Americans that would mark the figurative “end of the world”) based upon historical antecedents in other countries which have seen their own currencies destroyed:

 

Warning Indicator #1: the price of gold will begin to accelerate toward it’s natural balance level of $12,000 per ounce. 

 

Since the price of gold has already risen over ten consecutive years some say gold has already achieved the acceleration required to prove the point. Others might be suspicious, “If it’s risen that much, isn’t it time that gold started to drop, no investment always goes up.” True, true, but when a currency is being deliberately devalued by its government, gold and silver always get much more valuable compared to that country’s money; and make no mistake, the United States has been deliberately devaluing the Dollar for roughly the last 28 months; and incidentally devaluing it for roughly the last 45 years. Normally markets and the price of commodities fluctuate all over the place as time passes. But the steady rise of gold (the world’s preferred money) as it is priced in dollars over such an extended time period shows that the dollar is not being taken seriously by knowledgeable people. 

 

Warning Indicator #2: Government’s deficits and liabilities are out of control and the interest on the national debt becomes a major source of deficit increase. 

 

Because the deficits of the United States government are right now well over $1.3 TRillion annually; our national debt has doubled since 2005; our total national debt is over $14 TRillion; and UNfunded liabilities without counting items like welfare and food stamps have now reached $112 TRillion . . . it’s a safe bet that this benchmark has been passed. By the way, even the numbers we’re fed are absolutely false. Did you know that the government counts all $850 billion of payroll taxes (Medicare and Social Security) as current income when we all know that the money in question is supposed to be a “set aside” marked for its intended use only rather than included as “general revenue.”  If you or I or any business carried on their accounting this way, jail-time would be in the offing, but our government has been handling things this way as far as the Social Security "set-aside lockbox" for nearly 80 years.  That's why UNfunded liabilities for Social Security, Medicare and the federal side of Medicaid amount to $112 TRillion, twice the Gross Domestic Product (GDP) of the entire world.

Warning indicator #3: Spending gets so out of control that generating high enough tax revenues to deal with federal spending becomes impossible.

 

            Annual deficits are no longer related in any way to tax revenue.   Last year the Democratic-controlled congress refused to pass a budget . . . their most important duty according to the Constitution . . .  revenues were $1.1 TRillion and spending amounted to almost $3.7 TRillion and they want to raise the ceiling on the National Debt. Even if taxes tripled we’d still have run a significant deficit for the year . . . and yes, the interest on the debt runs to roughly $170 Billion yearly . . . all of that’s a sign that the crisis point has been passed.

 

Warning Indicator #4:   The political class begins to bail out and in doing so takes care of their cronies and of the masses to keep them under control -- all at the expense of the middle class. 

 

            Right now federal government unions; state and municipal unions; and other special interest groups are looting the U.S. and the 50 state treasuries. The Obama $787 Billion stimulus cost us a lot of free market real jobs, but the looters maintained and grew the government enormously while the rest of us suffered. $200 Billion per year is wasted on just the federal pensions; welfare amounts to $450 Billion per year; Social Security and Medicare and the federal side of Medicaid cost $1.8 TRillion and much of those funds is tied up in fraud, abuse and waste benefitting the political class . . . none of this was ever authorized by the U.S. Constitution . . . but wait, there’s more: remember national defense; border control and roads and all the other stuff the Constitution actually said the federal government must do? That an an equal amount on “discretionary spending that was never authorized by the Constitution amounst to roughly another $2.6 TRillion . . . aha, now you see why they didn’t want to create a budget! Tell me that a $5.1 TRillion budget with a $1.4 TRillion deficit wouldn’t shock the sensibilities of all sensible Americans. This warning indicator has been passed also.

 

Warning Indicator #5 The government will begin creating money out of thin air.

 

            Yes, this too has already happened. Between late October, 2008 and today, the Federal Reserve Bank has printed and electronically created “magic money” amounting to roughly 29 times the amount of dollars circulating in September, 2008. Technically speaking the 2011 U.S. dollar is now worth 3.4 pennies-worth of the September, 2008 Dollar. In other words, all those banana republics we used to laugh about . . . well, our money is becoming less valuable than theirs. As Stansberry & Associates financial advisors reminds us:  “If printing money were truly good for an economy, Zimbabwe would be the world’s wealthiest country.”  Yet that's precisely what we're being told by our President and by our financial leaders . . . .  Our Federal Reserve Chairman Ben Bernanke has alternated between denying that he was “monetizing the debt” (a.k.a. “printing money”) and then defending the practice. Bernanke and Treasury Secretary Timothy Geithner denied the United States would ever resort to such “devaluation of the dollar” but it’s going on anyway; meanwhile Bernanke keeps busy explaining that it's not exactly "counterfeiting" what he's doing and it's actually good for the economy in the long run (not mentioning that it's a huge gamble with the future of the country and the planet in the short run). A planetwide “run on the dollar” could literally destroy our currency overnight. The whole world has warned about this; the credit-rating firms have pretended it’s not so, but expect it very soon.

 

Warning Indicator #6: We will not be able to repay our debts in the international community.

 

            America’s $55 TRillion international debt amounts to $681, 178 per each American family of four. The average income of American families amounts to less than $50,000 per year. Just the interest on our international debt amounts to $34,000 per family per year. And if we resort to the printing presses to print of more dollars to pay the debt (OOOOPS, I forgot, we’re already doing that!) Then, first the interest rates for borrowing will skyrocket; then people and nations will stop loaning money to America, period.   Friends, once that happens the printing presses can run day and night and there’s no helping us . . . yep, we’ve passed this crisis point, too. The world’s greatest creditor nation has within the 45 year lifetime of President Lyndon Baines Johnson’s “Great Society” which ushered in Medicare and Medicaid and dramatically expanded welfare programs of all ilks become the greatest DEBTOR nation the planet has ever seen.

 

Warning Indicator #7:   American citizens will catch on and, discovering that debt has the potential someday to evaporate in hours, they personally will churn out new debt like a bullet-train parting the atmosphere.

           

            Despite all the talk of the American consumer “cutting back” and practicing austerity issuance of new debt in the United States is soaring. Public and private debt both reached record levels in 2010. The potential is that the economy will twist inside-out if this practice continues. This is the only one of the seven warning indicators that hasn’t yet come to pass.

 

IS THERE, INDEED, NO HOPE?

            Where there’s life there’s hope . . . . Rajjpuut believes the individual ought to prepare himself and his family and other loved ones for the very worst; while still striving to do everything possible to prevent those ills from befalling all of us.  The HOPE that exists lies with the actions of 
individuals protecting themselves^^ and quite frankly with the Republicans in the House of Representatives. UNLESS their actions signal a strong “about-face” to the rest of the world and to our nation’s financial momentum: we’re doomed within 18 months. Everything you and I can do as an individual and through leverage groups such as the TEA Party to change the fiscal- and Constitutional course of the nation must be done. Here’s a story to give us all hope.

            Teddy Roosevelt, a Republican, was the first Progressive president, indeed his personal “Bullmoose Party” was officially called the “Progressive Party.” TR was, thankfully, a great American patriot and his modest progressivism actually benefitted the nation for the most part leading to modernization of the navy, for one good example and the building of the Panama Canal (the land for which was actually stolen from Colombia and renamed “Panama”; not only progressive but unethical as well). Woodrow Wilson was, up till Bill Clinton and Barack Obama, the most sinister progressive politician of them all. After running for a second term under the slogan “He kept us out of war,” within a month of his March, 1917 inauguration he put us into the European War. He left office with the nation undergoing the biggest depression up to that time. The conditions were much worse than what Herbert Hoover (another Republican Progressive) did himself in with. That late 1920 depression came to be known as “The Invisible Depression” after Wilson’s successor Warren G. Harding cut spending 49%; cut taxes 48%; and paid down the National Debt by 30% and was ended within 15 months . . . so it is possible to avert disaster but the Democrats seem to have embraced it and the Republicans must show the political will to do it pretty much on their own, with, of course, constant pressure from you and me.

 

Ya’all live long, strong and ornery,

Rajjpuut

 

 ^^  Purchasing a $100 face-value bag (or more) of "junk silver" might be the simplest most patriotic act you can do while saving yourself.  The bag would cost roughly $2,100 - $2,400 depending upon the value of silver when you buy.  IF and WHEN the currency fails, some sort of new money is going to be in high demand and the 90% silver dimes or quarters minted before 1965; are the most likely candites.  To a lesser extent the 40% silver money minted between 1965 to 1970 would also be accepted as a "new currency" but not nearly so readily as they will be worth 56% less than the 90% coins.

Some more important reading:

 

Here’s some other key reading that’ll shake the earth under most Americans’ feet:

 

http://rajjpuutsfolly.blogtownhall.com/2010/10/26/obama,__to_gop,_%e2%80%9cride_in_back%e2%80%9d;_no_one_tells_truth.thtml

 

 http://rajjpuutsfolly.blogtownhall.com/2010/10/26/%e2%80%9chow_brainwashed_are_you%e2%80%9d_a_test_for_american_voters.thtm

 

All the worst ideas still plaguing America (and a lot of other bad ideas as well) right now are rooted in progressivism, all of them. Think of the worst UNfunded liabilities initiated for “all the best motives” and you’ve described  tyrannical progressivism to a “T.” Here are some of those ideas and the president’ in power when they began: 

1.       Truly Big Government: Teddy Roosevelt

2.     Government Control over large land tracts: Teddy Roosevelt

3.     The Federal Reserve Bank: Woodrow Wilson

4.     The Income Tax: Woodrow Wilson

5.     Fighting in Europe’s Wars: Woodrow Wilson

6.     Government propaganda: Woodrow Wilson

7.     Internment Camps: Woodrow Wilson

8.    Controlling (and shutting down) the press: Woodrow Wilson

9.     Government welfare programs: Herbert Hoover
10. Land banks and other agricultural subsidies:  Herbert Hoover

11.Ultra-high protective tariffs: Herbert Hoover

12. Huge Tax and Spend Government: Franklin Delano Roosevelt

13.Confiscation of Gold: FDR

14. Devaluing the Dollar to fill government coffers: FDR

15. Ultra-big Government: FDR

16.  Social Security: FDR

17.  Expansive Welfare: Lyndon Baines Johnson

18.  Medicare: LBJ

19. Medicaid: LBJ
19 1/2.  Taking silver out of money:  LBJ and Richard Nixon
 
20.  Leaving gold standard entirely:  Richard Nixon
 

21. Government Bailouts of Cities: Gerald Ford

22.             Government control of Mortgage Industry Jimmy Carter

23.   Government bailouts of Chrysler automobile company : Jimmy Carter
 
24.  Regulatory expansion of CRA 77:  Bill Clinton

25.     Expansions by fiat thrice by legislation to Carter’s CRA: Bill Clinton

26.     Motor Voter Act: Bill Clinton
 
27.     Medicare Part D:  G.W. Bush

28.    TARP bailouts: G.W. Bush

29.    Federal Government involved in bankruptcies: Barack Obama

30.   Nationalized Healthcare insurance: Barack Obama

31.   Government bailout  and control of auto companies: Barack Obama

32.   Government control of Banks: Barack Obama
 
33. 
Government control of student loans: Barack Obama

34.  Financial control “reform”: Barack Obama

35.  Bailouts of Banks and Wall Street:  Barack Obama

36.  State Socialism: Barack Obama

 

                

                Remembering the “Watermelon-Connection” wherein ultra-socialists “green on the outside and Deep RED on the inside” want to use Cap and Trade as a stepping-stone to government takeover of virtually everything because it practically requires nationalization of all of a nation’s enterprises; requires the all-powerful central government to control all decisions about what to produce, where to produce it, when to produce, where to market it, and how . . . . isn’t it fitting that Barack Obama and progressive-elitist and would-be president Kerry are so interested in this seriously flawed “science?”  And so looking over that unending list of failure every time serious government taxing, spending, control or interference is contemplated, Senator Kerry still just can’t understand why the masses of sheep are no longer following him to the slaughter house,  "It's absurd. We've lost our minds," he keeps repeating.

 

 

 

 

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Rajjpuut's Folly: Obama Loses Presidential Sea Lion of Approval

Posted by Bob VanDeHey on October 6, 2010 at 2:00pm

Presidential Seal Abandons Obama,

Moves to Vancouver, Canada

In what’s seen as another serious blow to public perception of the Obama administration’s competence, the presidential seal told reporter Payne Hertz, standing in for Rajjpuut, she was leaving her long time post in Washington, D. C. due to “irreconcilable differences” with President Barack Obama, top administration officials, the Obama czars and First Lady Michelle Obama. The seal, who doesn’t speak human languages vocally and is only semi-fluent in English, had to tap out her Spanish language answers in Morse code on a bongo drum in exchange for sardines turning a short interview into a long, drawn out beat-bop session. Our 96-year old veteran of the journalistic wars claims that he constantly found himself interrupting “the music” to get back to the thread of the interview . . . . “Rather like a really extended Greenwich Village poetry session,” according to Hertz. The video-recorded bongo serenade translates to this:

Hertz: Hola, Como esta` usted? (Hello, Wasap?)

PSL: Estoy harto de Obama hasta aqui (raises flipper above head and says, “I’m fed with Obama at least this much”)

Hertz: OK. How long have you served as the presidential seal?

PSL: Actually, I was the presidential sea lion, most of you humans don’t appreciate the difference . . . .

Hertz: Oh, yeah, I can see your tiny ears. And your flippers are really long; do you have any underfur at all?

PSL: Just a little, of course we sea lions can actually walk on all four flippers and are much more intelligent than those damn seals (sneers). That’s part of the problem. Obama gave me four promises and he’s reneged on all of them.

Hertz: Before we get into that, isn’t it true that Vice President Biden has accused you of “racism?” And . . . .

PSL: Oh, that again. I accuse the veep of stupidity, just as I accuse seals of stupidity. It’s not racism to say that a snail is slow, a skunk stinks or a seal is stupid. Take it up with National Geographic and Discover magazines. They’ve both done testing and seals average 70% lower IQs than we sea lions do and they come out only a point or two above Mr. Biden and Michelle Obama.

Hertz: You’re calling the First Lady unintelligent?

PSL: Look who she married. When it comes to capitalism and the spirit of the U.S. Constitution he’s an illiterate and an ignoramus. On economics, if you can show me a less intelligent fellow . . . .

Hertz: Hold it, you can’t just go around calling down the President of the United States . . . .

PSL: Listen, he made four promises to me and he didn’t keep one of them that’s batting .000 in my book and except for being a pretty-boy and making an occasional four-foot putt or three-point shot, there isn’t much there.

Hertz: Yeah, ah . . . . What were the promises?

PSL: For #1 He would introduce me within three days after the inauguration and explain to the American public the differences between seals and sea lions. He said it would be an excellent “teachable moment.” Instead he’s had the EPA undergo a “spread the intelligence” campaign to call us all “pinnipeds.” It’s like lumping human civilization in with monkey tribes and lemurs and calling you all “primates” to “spread the IQ wealth.”

Hertz: And?

PSL: #2 He said he’d provide me with my favorite snack after every televised appearance with him. #3 He’d allow me input into the Economic Recovery Board. #4 He refrain from any actions against gold traders . . . .

Hertz: Obama promised to allow a seal . . . .

PSL: Sea lion, damnit . . . .

Hertz: Excuse me, Obama promised to allow a sea lion to help make administration policy?

PSL: What? You think I could do worse?

Hertz: OK, OK, tell me more about the promises . . . .

PSL: Well, the most disappointing was about the “teachable moment” and then the snacks . . . .

Hertz: Skip those two . . . just promises #3 and #4.

PSL: Well, he tried to whip it past me, but while he was putting funded abortions in Obamacare, he also snuck in a bunch of onerous control over gold traders . . . I think it was on page 752 . . . I’ve got a cousin near Portland’s really going to be ill-affected by that one. As for the Economic Recovery Board people: they’re only a slightly paler shade of pink then Mr. “Jobs President” himself . . . they’re all experts at killing jobs.

Hertz: You’re claiming the president is a Marxist?

PSL: I swim in the water and hang out with sea lions; he populates his inner circle with commies . . . you get known by the company you keep . . . .

Hertz: That’s hardly conclusive . . . .

PSL: You don’t read much do you, fella?

Hertz: Excuse me?

PSL: You’re a liberal, huh? Dreams from My Father, well, youngster, his father’s dreams included 100% taxes.

Hertz: Well, you’re just a sea lion. Sorry, that was uncalled for, ‘er tell me about the problem with the snacks.

PSL: Pardon me too, I shouldn’t have referred to your age . . . . just get so damned mad, you can’t imagine what it’s like being surrounded by anti-American pinheads 24/7. It was right there in my contract, “four north Pacific herring” after every televised appearance with the two of us . . . and instead he pays me off with three of the tiniest, most tasteless . . . .

Hertz: I see, well it doesn’t sound like you got along very well . . . .

PSL: . . . dried out Delta Smelt, like eating french-fried cockroaches . . . .

Hertz: Did you say, Delta Smelt?

PSL: You’ve eaten ‘em, eh? So you catch my drift?

Hertz: But Delta Smelt are on the endangered species list. They’re stopping irrigation in California’s Central Valley because of the danger to Delta Smelt from being sucked into the piping systems . . . .

PSL: The fewer the Delta Smelt, the more environmental votes they get . . . .

Hertz: I can’t believe . . . .

PSL: Now, maybe you understand why I jumped off his lectern the other day . . . it was all just too much . . . .

Hertz: Well, there must have been something good about the experience . . . ?
PSL: Oh yeah, getting to sit in on sessions with Reid, Pelosi, Frank and Hoyer really made my day! Damn Keystone Cops . . . .

Hertz: (At this point the video-tape’s audio recording reveals only the snoring of a 96-year old man for the next twelve minutes. Hertz takes his afternoon siesta precisely at 2:45 every day . . . .)

Ya’all live long, strong and ornery,

Rajjpuut

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