Well folks, the Democrats are at it again and the Republicans are caving in. They did manage to cut a measly 38 billion. I'm so impressed (not!) What happened to the GOP's promise to cut 100 billion?
It's really no surprise, is it? Just amazes me how the Dems can claim that cutting the equivalent of one grain of sand on the beach is "drastic", "dire" measures that will hurt Americans. Yeah, no kidding, it'll hurt the freeloaders with their outstretched hands. Meanwhile completely ignoring what's going to happen to EVERY SINGLE AMERICAN when their continued outrageous deficit spending causes the US dollar to be worth nothing.
Once again the politicians, mainly Democrats, have proved what true scum they are. Once again they have flushed America down the drain by catering to their voter base to get reelected instead of doing what's right for the country. For you Democrats out there: when are YOU going to let your party know that the current policies of the party are NOT good for the country? Once again I remind you that we have no one to blame but ourselves for the mess we are in. We, the people, have the power to vote these scumballs out of office. We, the people, have the power to let our elected representatives know how we feel about issues.
I know you're tired of hearing me harp about this, but I have to ask you each again : what have you done to help save our country lately? Written any emails? Made any phone calls? We all need to get mad enough, and scared enough, to take the few minutes to make a difference. I have heard so many times over the years that "my vote doesn't mean anything", "my opinion means nothing to them", etc. etc. My answer? One man CAN change the entire world. Jesus Christ. Adolf Hitler. Osama bin Laden.
Do something for yourself and your country and then go out and HAVE A GREAT DAY
Dumb Farmer
Saturday, April 9, 2011
Tuesday, April 5, 2011
CHEAP, CLEAN ENERGY IS HERE!
WOW, WOW, WOW!
Wow, it really is here! Professor Daniel Nocera of MIT has announced he has succeeded in producing an efficient, low cost, artificial leaf. What's that got to do with energy you ask? It's called a leaf because it mimics a leaf's photosynthesis process. It splits ordinary water into hydrogen and oxygen, which is then used to charge a fuel cell. Nocera claims one of these playing card sized solar cells can operate a house on 1 gallon of water a day. (Assuming it's a sunny day, I guess :-)
I honestly thought this was an April Fools Day joke when I first read it, but the press release was 3/28.
Then I did the research and it's no joke. A large Indian multi-national corporation, Tata Group, has licensed the patent already. They say they'll have a refrigerator sized power plant by next year.
This is the biggest advance in practical science since the invention of the transistor. This truly has the capability of removing the world's dependence on oil, and, it's an all natural process, no pollution. And unlike a lot of other new technologies, this is supposed to be easily affordable.
Now if the physicists would just hurry up with my "beam me up Scotty" beam :-)
Dumb Farmer
Wow, it really is here! Professor Daniel Nocera of MIT has announced he has succeeded in producing an efficient, low cost, artificial leaf. What's that got to do with energy you ask? It's called a leaf because it mimics a leaf's photosynthesis process. It splits ordinary water into hydrogen and oxygen, which is then used to charge a fuel cell. Nocera claims one of these playing card sized solar cells can operate a house on 1 gallon of water a day. (Assuming it's a sunny day, I guess :-)
I honestly thought this was an April Fools Day joke when I first read it, but the press release was 3/28.
Then I did the research and it's no joke. A large Indian multi-national corporation, Tata Group, has licensed the patent already. They say they'll have a refrigerator sized power plant by next year.
This is the biggest advance in practical science since the invention of the transistor. This truly has the capability of removing the world's dependence on oil, and, it's an all natural process, no pollution. And unlike a lot of other new technologies, this is supposed to be easily affordable.
Now if the physicists would just hurry up with my "beam me up Scotty" beam :-)
Dumb Farmer
SOME GOOD NEWS FOR A CHANGE
A few Senators are finally getting the message. Jerry Morgan (R-Ks), Mike Lee (R-Ut), and Jim DeMint (R-S.C.) have informed their colleagues and Senate leadership that they will filibuster any bill to increase the federal debt limit. Furthermore, they are backing Senator Pat Toomey's (R-Pa) bill for a balanced budget amendment to the Constitution. This bill would also cap government spending at a percentage of GDP.
A constitutional amendment takes years to get enacted, as it has to be ratified by the states through elections, but this is a definite must need if we are going to start to fix our problems. Let your Senators and Representatives know that you back this bill.
Dumb Farmer
A constitutional amendment takes years to get enacted, as it has to be ratified by the states through elections, but this is a definite must need if we are going to start to fix our problems. Let your Senators and Representatives know that you back this bill.
Dumb Farmer
THE BIGGEST LEGAL SCAM IN HISTORY
This one is guaranteed to get you p***ed off. This is way worse than Bernie Madof's ponzi schemes, worse than the savings and loan bailouts of a few years back, in fact, it's probably the biggest ripoff of taxpayer money ever perpetrated! And it's totally legal. Why is it legal? Because the bought politicians allowed it.
Remember when large Indymac Bank was seized by the FDIC back in '08? In July of '09 the FDIC sold Indymac's assets to One West Bank for 70% of par value. One West Bank is owned by Goldman Sachs VP Steven Munchin, George Soros, and John Paulson. Former Sec. of the Treasury Henry Paulson is also an ex CEO of Goldman Sachs. Are we seeing the connections? Soro's / Obama, Goldman Sachs / FDIC? Ok, hold on to your hats, because when you finish reading this they'll be ready to blow off your heads.
Remember, One West only paid 70% of the value to start with. As part of the purchase deal, the FDIC agreed to guarantee 80 to 95% of any loss One West incurred on any mortgage. This guarantee is based on THE TOTAL ORIGINAL MORTGAGE, not the amount owed. So Joe Homeowner pays on his place for 15 years, loses his job, and gets behind. Let's just use simple figures as an example. Joe's original mortgage was 100,000. After 15 years let's say the balance was 60,000. One West forecloses on Joe and seizes his property. They sell it for 50,000. Ok, they took a 10k loss. Oops, no they didn't, remember they only paid 70% of that 60k to start with: equals 42k. equals profit of 8k. Now the FDIC pays them 80% of the fake loss based on the original 100k mortgage: 50k x .8 = 40k. THAT'S 40K OF OUR TAXPAYER'S MONEY for a deal they already made $8,000 on! Then, to add insult to injury, they make Joe Homeowner sign a promissory note for the $10k they "lost" on his property!
I want in on this investment. Make 48k on a 42k investment in a year! And that's only if they never get another cent out of old Joe. That's just a low example of one deal. Many of these loans are 250k and up. I don't have figures of how many homes have been taken so far, but you can bet they're grabbing every one they can as fast as they can. By the time this is done I'm sure it will be approaching a billion $ ripoff. Do not miss a single payment on your mortgage!
This is another perfect example of why we need to clean house in D.C. It's not only the politicians, it's all the bureaucrats running the agencies too. The revolving door, go from Congress or heading an agency to CEO of private companies under the regulation of said agency, etc. etc. They are all scum. Our government is rotten to the core. And American businessmen are just as bad today. As I say at the top of this blog, outright, outrageous GREED is destroying our country.
We can fix this, but we HAVE to stay politically involved!
Dumb Farmer
Remember when large Indymac Bank was seized by the FDIC back in '08? In July of '09 the FDIC sold Indymac's assets to One West Bank for 70% of par value. One West Bank is owned by Goldman Sachs VP Steven Munchin, George Soros, and John Paulson. Former Sec. of the Treasury Henry Paulson is also an ex CEO of Goldman Sachs. Are we seeing the connections? Soro's / Obama, Goldman Sachs / FDIC? Ok, hold on to your hats, because when you finish reading this they'll be ready to blow off your heads.
Remember, One West only paid 70% of the value to start with. As part of the purchase deal, the FDIC agreed to guarantee 80 to 95% of any loss One West incurred on any mortgage. This guarantee is based on THE TOTAL ORIGINAL MORTGAGE, not the amount owed. So Joe Homeowner pays on his place for 15 years, loses his job, and gets behind. Let's just use simple figures as an example. Joe's original mortgage was 100,000. After 15 years let's say the balance was 60,000. One West forecloses on Joe and seizes his property. They sell it for 50,000. Ok, they took a 10k loss. Oops, no they didn't, remember they only paid 70% of that 60k to start with: equals 42k. equals profit of 8k. Now the FDIC pays them 80% of the fake loss based on the original 100k mortgage: 50k x .8 = 40k. THAT'S 40K OF OUR TAXPAYER'S MONEY for a deal they already made $8,000 on! Then, to add insult to injury, they make Joe Homeowner sign a promissory note for the $10k they "lost" on his property!
I want in on this investment. Make 48k on a 42k investment in a year! And that's only if they never get another cent out of old Joe. That's just a low example of one deal. Many of these loans are 250k and up. I don't have figures of how many homes have been taken so far, but you can bet they're grabbing every one they can as fast as they can. By the time this is done I'm sure it will be approaching a billion $ ripoff. Do not miss a single payment on your mortgage!
This is another perfect example of why we need to clean house in D.C. It's not only the politicians, it's all the bureaucrats running the agencies too. The revolving door, go from Congress or heading an agency to CEO of private companies under the regulation of said agency, etc. etc. They are all scum. Our government is rotten to the core. And American businessmen are just as bad today. As I say at the top of this blog, outright, outrageous GREED is destroying our country.
We can fix this, but we HAVE to stay politically involved!
Dumb Farmer
Monday, April 4, 2011
SORRY, BUT MORE BAD ECONOMIC NEWS
More and more economists and economic researchers are predicting a major stock market crash due to our governments continued failure to immediately address our drastic debt problems.
Highly respected researcher Harry Dent, founder of H.S. Dent and The Dent Method, says it's coming by late this summer. Cites the continued printing of money by the Fed to pay interest on the debt, further devaluing the U.S. dollar. (see previous posts)
According to Stephen Moore in the Wall Street Journal, more Americans are now employed by government at all levels (fed, state, local) than in construction, farming, fishing, forestry, manufacturing, mining and utilities COMBINED! Half of the total of 2.2 trillion in state and local government debt is for pay and benefits (including retirement) of employees. That's right, government is the single largest employer in the country. If that doesn't scare you, I don't know what will. It's one of the reasons we now have 53% of the people supporting the other 47%.
I say again: This CANNOT continue. It doesn't work. We are seeing the results of this tremendous growth in government now - state, local, and our federal government on the very precipice of bankruptcy.
And again I say: This is the most critical time in the history of America since the Civil War. We cannot allow self serving political power mongers to continue on this path. PLEASE, PLEASE,
stay involved. You don't have to write a physical letter or even make a phone call. Use the resources at the top of this page to find your particular Representative and Senator and dash off an email. Simply tell them they MUST support the Paul Ryan budget proposal or they will lose their job come Nov. 2012. (See prior post). Ten minutes of your time to be part of the solution instead of part of the problem.
Thanks,
Dumb Farmer
Highly respected researcher Harry Dent, founder of H.S. Dent and The Dent Method, says it's coming by late this summer. Cites the continued printing of money by the Fed to pay interest on the debt, further devaluing the U.S. dollar. (see previous posts)
According to Stephen Moore in the Wall Street Journal, more Americans are now employed by government at all levels (fed, state, local) than in construction, farming, fishing, forestry, manufacturing, mining and utilities COMBINED! Half of the total of 2.2 trillion in state and local government debt is for pay and benefits (including retirement) of employees. That's right, government is the single largest employer in the country. If that doesn't scare you, I don't know what will. It's one of the reasons we now have 53% of the people supporting the other 47%.
I say again: This CANNOT continue. It doesn't work. We are seeing the results of this tremendous growth in government now - state, local, and our federal government on the very precipice of bankruptcy.
And again I say: This is the most critical time in the history of America since the Civil War. We cannot allow self serving political power mongers to continue on this path. PLEASE, PLEASE,
stay involved. You don't have to write a physical letter or even make a phone call. Use the resources at the top of this page to find your particular Representative and Senator and dash off an email. Simply tell them they MUST support the Paul Ryan budget proposal or they will lose their job come Nov. 2012. (See prior post). Ten minutes of your time to be part of the solution instead of part of the problem.
Thanks,
Dumb Farmer
FINALLY A BIT OF SANITY IN CONGRESS - BUT!!!!!
The budget mess in D.C. finally has someone with a grip on reality proposing a budget. Tea Party backed representative Paul Ryan, (R - Wis) has presented a complete 2012 budget that cuts $4 trillion over the next 10 years. Now we're talking some real money. Full details haven't come out yet, but big cuts everywhere, including revamping Medicare and Medicaid. Of course the Dems are already attacking it without even knowing what's in it. Oh, that's right, I forgot. They have to pass it to learn what's in it.
I expect to see a huge battle over this bill. And it is likely the most important piece of legislation that has been before Congress in years, and years to come. It's now or never to save our country from bankruptcy. We are going to see who has real balls, and puts the U.S. before their personal gain, and who just wants to be reelected.
Should be interesting and we all need to keep a close watch on this and let OUR congress people know how you feel.
Dumb Farmer
I expect to see a huge battle over this bill. And it is likely the most important piece of legislation that has been before Congress in years, and years to come. It's now or never to save our country from bankruptcy. We are going to see who has real balls, and puts the U.S. before their personal gain, and who just wants to be reelected.
Should be interesting and we all need to keep a close watch on this and let OUR congress people know how you feel.
Dumb Farmer
STATES IN ALMOST AS BAD A SHAPE AS FEDERAL GOVT.
Most of you are probably aware of your individual states budget problems but may not be aware of how widespread and serious state deficits are. 44 states and the District of Columbia are carrying a combined $112 billion in debt. Several states are considering filing bankruptcy. If that happens, every person / bank / company that owns state bonds is going to take a huge pasting. Compounding the problems that are going to come when the dollar is devalued.
And it doesn't stop with the states either. Many cities are in the same situation. You see, this spend, spend, spend mentality of the current breed of politicians is not limited to Washington. No indeed, it starts at the local level. Let's build bicycle paths, dog parks, subsidize mass transit that almost no one uses, and on and on. As I've said before, these are nice things to have, BUT WE CAN'T AFFORD THEM! This spending HAS to stop.
Stay active on all levels,
Dumb Farmer
And it doesn't stop with the states either. Many cities are in the same situation. You see, this spend, spend, spend mentality of the current breed of politicians is not limited to Washington. No indeed, it starts at the local level. Let's build bicycle paths, dog parks, subsidize mass transit that almost no one uses, and on and on. As I've said before, these are nice things to have, BUT WE CAN'T AFFORD THEM! This spending HAS to stop.
Stay active on all levels,
Dumb Farmer
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