23 December 2011
21 December 2011
Privatized Water Utilities In Texas Charge Hijackers' Ransom Of Consumers
Charles Hugh-Smith: 2011: The Last (Debt-Consumerist) Christmas in America
Why Apple's acquisition of Anobit makes sense
The New American Blue Collar Employment: Low Pay, No Benefits, Temporary Work
Privatized Water Utlilities Hijack Consumers Living Across The Road From Consumers Of Public Water Utility
Charles Hugh-Smith: 2011: The Last (Debt-Consumerist) Christmas in America
Why Apple's acquisition of Anobit makes sense
The New American Blue Collar Employment: Low Pay, No Benefits, Temporary Work
Privatized Water Utlilities Hijack Consumers Living Across The Road From Consumers Of Public Water Utility
09 December 2011
08 December 2011
30 November 2011
Here's Proof That The American Dream Has Been Dying Since 1980
25 November 2011
24 November 2011
Andrew Bailey: 'UK banks must brace themselves for euro break-up'
Record hoarding of gold after forced sales at MF probably mean the yellow metal will go up this week
Cheniere signs second 20 year export pact in the past three weeks for American natural gas
Turkmenistan will boost natural gas deliveries to energy-hungry China by two-thirds
Barclays Capital says the IEA's prediction of Chinese oil use is grossly underweighted
Barclays Capital says the IEA's prediction of Chinese oil use is grossly underweighted
23 November 2011
21 November 2011
18 November 2011
17 November 2011
Greg Celente
Amazing! One of the biggest Macro-Economic doomsayers, Gerald Celente, uses gold futures and then when he bets correctly, he takes delivery on the physcial gold. Well, his recent most bet on December futures blew up in his face. He went to take delivery of the gold owed to him last Monday, but a funny thing happened: his money in his account is gone. And where did his money in his futures account disappear to? Why the banksters at MF Global.
Here, he tells viewers what the MF in MF Global means. Boy is he pi$$ed!
16 November 2011
Keith Olbermann: We Owe Our Freedom and Independence To Morons Such As Mayor Michael Bloomberg of NYC
"For the entirety of the life of our nation, our Democracy has been protected, not merely by the strenuous efforts of those of us who cherish it, but mostly, and most profoundly by the limitless stupidity of those who would ration it and keep it for themselves and themselves alone or destroy it . . ." is how Keith Olbermann begins last night's rant against those who spit in the face of American Democracy.
Keith explains how the moronic 1% mayor of New York City has re-invigorated the Occupy Wall Street movement by being a heavy handed thug who is against democracy.
Keith sets up his piece by showing video from our nation's past when men such as Governor James Rhodes of Ohio called protesters at Kent State un-American the day before four of the un-armed youth were shot down in cold blood. As Keith points out, it was 20 months before Kent State that Mayor Richard Daley of Chicago over-reacted to demonstrators at the 1964 National Democratic Convention with mindlessness and "sadism" as the whole world watched. And as Olbermann explains, it took a racist such as Governor George Wallace promising "Segregation now, segregation tomorrow, segregation forever," to fire up the Civil Rights movement in the Deep South during the 60s. And then there was the insanity of the last "white knight" of the nutwing's favorite paranoiac, Senator McCarthy, whose career of fear mongering and going after imaginary librul boogeymen ended when he went too far and questioned the loyalty of the US military on national TV.
As Keith explains about the above flag wavers, "American freedom has not flourished in spite of these morons of History, it has flourished because of them . . . because they over-reacted . . . because they underthought, over-reached, under-understood. We owe them our traditions of protest. We owe them our freedoms, we owe them our very Independence . . . "
After this brief lookback at our nation's history, Keith then eviscerates the latest dunderhead to invigorate a movement of the American people: Mayor Michael Bloomberg of New York City.
My favorite part of this outstanding rant is when Keith really gets into gear and tears into Bloomberg for arresting 700 demonstrators for impeding traffic on a bridge, while going out of his way to block another bridge . . . on purpose . . . "for another goddamn Batman movie!"
03 November 2011
21 October 2011
20 October 2011
Dylan Ratigan & Senator Bernie Sanders (I-VT) Discuss How The Federal Reserve Has Gamed Our Economy
The Conflict Of Interest between the Federal Reserve Bank and the bailed out Too Big To Fail banks has just been unveiled by a report Congress just released. This audit clearly shows that now it's time to say "Enough, is enough!"
Dylan Ratigan goes into a newly released Fed Audit report showing 18 members of the Federal Reserve Board are/were members of the Too Big To Fail Banks and voted themselves bailouts when the financial crisis hit. Seven of these board members were once the heads of the banks they voted to bailout. Dylan asks, "This is the first audit ever of the controversial and un-orthodox tools that the Fed used during the financial crisis to cover up the banks' problems and perpetuate a Too Big To Fail system with a dark casino based swaps market. Why should we care?"
He answers the question himself, "Because the group of people doing this are appointed, unelected, elite, platinum citizens who are exploiting our nation's economy and our nation's currency to preserve their own interests - mind you - unchecked, when it comes to power . . . "
Dylan Ratigan goes into a newly released Fed Audit report showing 18 members of the Federal Reserve Board are/were members of the Too Big To Fail Banks and voted themselves bailouts when the financial crisis hit. Seven of these board members were once the heads of the banks they voted to bailout. Dylan asks, "This is the first audit ever of the controversial and un-orthodox tools that the Fed used during the financial crisis to cover up the banks' problems and perpetuate a Too Big To Fail system with a dark casino based swaps market. Why should we care?"
He answers the question himself, "Because the group of people doing this are appointed, unelected, elite, platinum citizens who are exploiting our nation's economy and our nation's currency to preserve their own interests - mind you - unchecked, when it comes to power . . . "
19 October 2011
14 October 2011
Jim Rogers Tells Larry Kudlow, "I'm much more a Capitalist than you, Larry. Let the damn banks fail!
Here's inimitable Jim Rogers being his usual testy self. At one point he looses his temper and says, "I'm much more a Capitalist than you are, Larry. Let the damn banks fail! Why are we saving the bondholders?"
Rogers also predicts Greece is not salvageable, Greece will go bust, and the Fed and ECB will waste more time and money with QE trying to backstop Greece.
Rogers also predicts Greece is not salvageable, Greece will go bust, and the Fed and ECB will waste more time and money with QE trying to backstop Greece.
07 October 2011
06 October 2011
A 16 Yr. Old Protester, Jelani Gibson, From Pontiac Michigan Explains Why He's At Occupy Wall Street
Turnstyle News from Oakland, CA interviewed Jelani, a 16-year-old protester who traveled with his grandmother from Pontiac, Michigan to New York City for the Occupy Wall Street protests. "I had never slept on the street before," he says. His mom said it was okay to take time out from school, because he has a 4.0 GPA.
Jelani articulates, "I realize that once the previous generation is gone, my generation will be left with the mess . . ." A tip of my Miami Heat cap to Jealani's mom and grandmom for bringing him to the "field" to see an historic moment firsthand.
Jelani articulates, "I realize that once the previous generation is gone, my generation will be left with the mess . . ." A tip of my Miami Heat cap to Jealani's mom and grandmom for bringing him to the "field" to see an historic moment firsthand.
Jelani, Occupy Wall Street from adele pham on Vimeo.
05 October 2011
03 October 2011
30 September 2011
29 September 2011
Mainstream Media Begins To Pick Up On "Occupy Wall Street"
Kudos to Lawrence O'Donnell and MSNBC for being the first Mainstream Media outlet to give a good airing to Occupy Wall Street:
28 September 2011
27 September 2011
Eurozone Market Is Toast
In a scary and painfully frank interview a freaked out BBC interviewer is visibly shaken when market trader Alessio Rastani predicts that the "Market is Toast." Apparently there is nothing Euro governments can do.
26 September 2011
25 September 2011
23 September 2011
17 September 2011
16 September 2011
Did Fannie Mae, Owned By US Taxpayers, Just Bailout Bank Of America This Month?
Bank of America was supposed to have put up some 400,000 loans for sale to private banks recently. Those loans allowed Bank of America to collect $73 Million in service fees.
But before the sale went through, Fannie Mae bought the loans for what appears to be $500,000,000 (half-billion dollars).
Which leads one to ask, "Why didn't Bank of America go through with the originally planned sale?
And why did the US Taxpayer bailout Bank of America without any noise about it in the Mainstream Media?"
Lastly, if this is indeed correct, why would Fannie Mae overpay by 7 times $500,000,000 for a potential service fee profit of only $73 Million? Was this just another shady bailout of a Too Big To Fail Bank?
15 September 2011
14 September 2011
Camden NJ - Poster Child Of America's Economic Collapse
This is Camden, New Jersey, "the most broke town in America". Here, 35% of all citizens live in poverty.
Thom Hartmann vs. David Seling On America's Infrastructure Now Ranked 16th In The World
Progressive commentator Thom Hartmann and Conservative commentator David Selig discuss America's infrastructure and the President's recent works bill which will begin to repair America's infrastructure.
We learn America is now ranked 16th in the world for infrastructure. Just in one state, Kentucky, 34% of all bridges are structurally insufficient. Hartmann contends the debt during Eisenhower's time was 128%, yet that debt was used to build America's interstate road system which lit a fire under a new economy.
Selig believes money is being wasted on infrastructure by President Obama and that the spending has no accountability.
Ralph Nader Defends Ron Paul And Explains What Americans Are Ignoring About 9/11
After attending a 9/11 panel in northwest D.C. on Monday, Ralph Nader told The Nation‘s George Zornick that Americans had mostly ignored the reasons that the terrorist attacks occurred.
Ralph Nader was up in D.C. last night where he took part in a panel discussing 9/11. In this post-confence video, Nader speaks to George Zornick from The Nation and hits on what America ignored pre and post 9/11:
“All we want to say is that it was a terrorist attack, it was evil, don’t talk about what caused it,” he said. “What really lead to it was, one, we back dictators over there that repress and kill their own people with American arms. Two, we support the Israeli position against the rights of the Palestinian people to have their own state. And three, we have repeatedly failed — no matter how much money we spend — to defend our own country.”
“The folly of the military-industrial complex is that it not only erodes our economy and destroys a quality standard of living, but it also insures an empire which is insatiable in terms of the contracts that Lockheed Martin and others want to dominate the world,” Nader added. “It’s just the opposite of defense, an empire eventually devours its own people.”
Congressman Ron Paul (R-TX) was booed at the CNN/Tea Party Republican debate on Monday night for trying to explain why al Qaeda had attacked the U.S.
Ralph Nader was up in D.C. last night where he took part in a panel discussing 9/11. In this post-confence video, Nader speaks to George Zornick from The Nation and hits on what America ignored pre and post 9/11:
“All we want to say is that it was a terrorist attack, it was evil, don’t talk about what caused it,” he said. “What really lead to it was, one, we back dictators over there that repress and kill their own people with American arms. Two, we support the Israeli position against the rights of the Palestinian people to have their own state. And three, we have repeatedly failed — no matter how much money we spend — to defend our own country.”
“The folly of the military-industrial complex is that it not only erodes our economy and destroys a quality standard of living, but it also insures an empire which is insatiable in terms of the contracts that Lockheed Martin and others want to dominate the world,” Nader added. “It’s just the opposite of defense, an empire eventually devours its own people.”
Congressman Ron Paul (R-TX) was booed at the CNN/Tea Party Republican debate on Monday night for trying to explain why al Qaeda had attacked the U.S.
11 September 2011
Robert Reich - "The Big Lie About The Economy"
Former U.S. Labor Secretary Robert Reich talks about the big lies about the economy and what can be done to fix it. His keynote was part of the "Summit for a Fair Economy" held in Minneapolis on September 10, 2011.
10 September 2011
Another Disaster In the Making
09 September 2011
08 September 2011
Pitstop Tire Key West - Coolest New Business To Come Up Or Down US1 In A Long Time
NOTE: Instead of posting economic news or videos on my blog early this morning, I thought I would post about a new business idea which wowed me yesterday afternoon. This proves the American "Can Do" entrepreneurial spirit is still alive and well in the hinterlands of this country.
Here's my story:
Yesterday afternoon I had two new tires mounted and balanced and put on my car at my ranch by a new business called Pitstop Tire Key West.
While I was out cutting grass on the back one acre of the ranch, Javier and Romero were taking two bad tires off my 96 Toyota (my farm "truck") and replacing them with brand new radial tires. So. In order: They jacked up my car, they took the lugnuts off with an air gun, they took the old tires and wheels off the axles, they dismounted the old tires, they put a brand new radial tire on each wheel, then they balanced the wheels, and then the new tires with balanced wheels were put back on my car. Time of the job? Not even an hour!
I learned about this incredible tire service from my manager, Jason (Juan) at work. This is how he learned about this incredible convenient service:
Jason owns a 4 wheel drive which he had to take to a local car dealership for what they said was going to be a major repair. The vehicle sat in their repair bay lot for six weeks. The shop kept telling Jason that since his vehicle (an H2) was no longer manufactured, he needed to find another H2 owner, bring that vehicle to the dealership, and have code from its onboard computer uploaded to the one in Jason's vehicle. (The dealership told Jason they would give the other H2 owner a free oil change worth $90.00) After six weeks of this maddening delay, Jason decided to take this vehicle away from the dealership lot and see if his friend, Javier, "a former backyard mechanic", could help him out.
Javier looked over the H2 and in a matter of minutes tells Jason, "Here's your problem, brother, a $40 fuse." Bam. What was going to be hundreds and hundreds of dollars in un-needed dealership repairs only cost Jason $40 and was solved in minutes by this friend of his, Javier, who has worked on cars for years in his backyard.
Okay, so Jason tells me about this guy and I quip, "Does he do repairs at your home?"
"As a matter of fact, Rocko, he not only does repairs at your home, or his, but he's just launched a new service (this week is the third week) of changing tires at your home and place of business!"
"Now how the hell can the guy do that, Jason? You need tires balanced, mounted, etc."
"Yeah, he bought all this equipment. Mounted it in his van and a trailer. And now he goes to where the problem is. No more having a tow truck picking up your car and towing it down to your mechanic 20 miles away. No more having to get up after an hour or two sleep, taking your car to a mechanic, taking a taxi or catching a ride back home."
So. I needed two tires. I call this guy, Javier. He orders the radials I wanted yesterday (a step up for this old Toyota which looks like shit but runs like a champ). The tires arrived today. Javier calls me up from Big Coppitt where he lives. "Your tires have arrived and I can be up there in 20 minutes."
"Excellent! I'm out in the yard cutting grass and pruning trees. Come on up!"
I give him directions to where I live up here in Cudjoe Key.
Pit Stop Key West comes down my 1/2 mile long dirt road, real easy like, because of all the potholes. As he gets closer, I'm thinking, "This guy is serious! Look at this van and trailer."
He gets here to the car which has one blow out and can't be moved. He needed no extension cords run from my house for electricity. He had a generator, an air compressor, a tire changing machine, a machine which balances the tire, etc., all mounted in either the van or in the trailer.
I said, "Guys, I'll be out there cutting grass. Just let me know when you are finished and how much the damage is."
About 45 minutes later I'm riding by Javier and he shouts the job is done. I was stunned. He also filled up the two older tires on the back with air. And he suggested I have the front end aligned later.
So we got to talking about this new service. Check this out. He will come to your home and change your oil and filter for a flat rate of $30! (Think back to the beginning of this post. The dealership in Key West was telling Jason their oil change with filters cost $90.) Now that $30 flat fee is for up to 5 quarts of oil. If you have a huge vehicle, he'll charge you a little extra. I want to say it was $60 flat fee for the more expensive synthetic oil.
Regardless, the cool thing about all this is if you are a night worker, you don't even have to get up in the morning any longer to take your vehicle to a garage. Now the garage comes to you. And they take credit cards. And if you want, you can arrange to leave your key hidden at your property while you sleep and Javier will do the oil change, tire change, etc., while you keep snoring.
For my friends at Rick's, I'll be placing one of his flyers and some of Pit Stop Key West cards on the bulletin board at work. All the women who work with me, this is the answer to a lot of your, "Who do you trust to work on your car, Rocko?" This guy, Javier, is an ex-bar worker (Fat Tuesday's) who knows what we go through. He's just starting out with the "come to your home or business" tire changing and oil changing. And he's offering other services too.
I thank the manager of the Red Garter, Jason Rodriquez, for alerting me to this new business and this honest mechanic who comes to where your car is located.
Here's the link to his new Facebook page for his business. Everybody at work, take one of his cards and keep it in your purse or wallet. He does Emergency Road service on cars just like those bigger trucks do for tractor trailer rigs with blowouts.
Later, gang.
Rocko over and out,
p.s. Key West readers will have to just go to facebook and punch up Pitstop Tire Key West to see their new facebook page. For some reason facebook links are "buggy" this morning and will not link to Google's blogging service. C'est la Vie.
03 September 2011
02 September 2011
19 August 2011
11 August 2011
28 July 2011
22 July 2011
Ohioans Ready To Send Governor Kucinich And His Union Busting Packing
Remember the more than 1.3 million signatures by citizens from the state of Ohio to place a referendum on the upcoming November ballot to recall/overturn Governor John Kasich's (R) and the Republican Party's new Senate Bill 5 which they rammed through and approved to bust up unions in the Buckeye state? Well, over 900,000 of those signatures have been verfied as good to go, and the signatories only needed about 250,000 to get referendum on the ballot. So Ohio voters will now have a chance to repeal Senate Bill 5 this coming November.
All of this is bad news, really bad news, for John Kasich and the Republican Party of Ohio.
Rachel Maddow looks at just how unpopular Senate Bill 5 is with Ohio voters, and she looks over how this unpopularity is playing out in the polls against Kasich - who is now the 2nd most unpopular Governor in the USA.
Maddow interviews Ohio State Rep Armond Budish (D) who told Maddow Thursday Night, "As people learn more and more about what this union stripping bill does, they get more and more angry. Senate Bill 5 is about not letting people come together and bargain for fair wages, or for safe places to work. When people find out what this bill really does, they hate it.”
21 July 2011
The Growing Danger Of The Chinese Real Estate Bubble
China's massive oversupply of real estate inventory is now rumored to contain upwards of 64 Million new apartment units. In this look at Chinese "Ghost Towns", journeyman.tv takes us into brand new malls where there are no shop keepers and no shoppers, to brand new cities where 75% of all units are vacant.
We also learn why the vacancies are so high as the Chinese Government continues to build, build, build and nobody comes.
This past week we hear of riots in Western China where four were killed. As further polarization between the labor class and the upper classes grows in China, the central government runs the chance of feeding a blow up of property values, the Chinese Economy, and the Chinese nation...
We also learn why the vacancies are so high as the Chinese Government continues to build, build, build and nobody comes.
This past week we hear of riots in Western China where four were killed. As further polarization between the labor class and the upper classes grows in China, the central government runs the chance of feeding a blow up of property values, the Chinese Economy, and the Chinese nation...
20 July 2011
Under Ronald Reagan, Debt Ceiling Was Raised 18 Times And In His Own Words, Here Is Why
Maddow reads excerpts from Ronald Reagan's diary and plays an excerpt from one of his speeches giving multiple reasons why the debt ceiling had to be raised as it should be raised now. She then shows us clips and words from current Republican leaders who don't understand what a default will do to the world economy.
If you watch the first 30 seconds, you'll want to watch the whole thing:
If you watch the first 30 seconds, you'll want to watch the whole thing:
Visit msnbc.com for breaking news, world news, and news about the economy
16 July 2011
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