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The Madness Of A Lost Society

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And todays uplifting piece of counter-propaganda comes courtesy of SGTreport.com – it’s 11 minutes worth watching and thinking about.

Another ‘Black Friday’ has come and gone. And it has left us with further evidence of the complete madness of the populace of our nation. America has been dealt a fatal blow by corporate greed, Bankster malfeasance and the insidious nature of collectivism — and it’s all been done to us by design.

The once proud and independent people of the United States have, in large part, been reduced to servants of the State. As Aldous Huxley famously noted, “People can actually be made to LOVE their servitude.”

Featuring Mike Krieger, Rob Kirby, Chris Duane, Gerald Celente, Bill Murphy and many others, ‘Madness 3’ offers one last ‘fair warning’ for those with the eyes to see and the ears to hear.

Written by mo

November 28th, 2012 at 11:04 pm

Is the US becoming an Ineptocracy?

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As one commenter over at ZeroHedge so fittingly put it:

Ineptocracy: A system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or suceed, are rewarded with goods and services paid for by the confiscated wealth of a diminshing number of producers.

They revisit their analysis from two years ago, explaining how it has become increasingly more lucrative – in the form of actual disposable income – to sit, do nothing, and collect various welfare entitlements, than to work.

Gary Alexander, Secretary of Public Welfare, Commonwealth of Pennsylvania (a state best known for its broke capital Harrisburg) […] explained […] “the single mom is better off earnings gross income of $29,000 with $57,327 in net income & benefits than to earn gross income of $69,000 with net income and benefits of $57,045.

Of course, that’s just the catchy part – the details are (as usual) much scarier. Full summary and presentation by the Pennsylvania Secretary of Public Welfare, Gary D. Alexander

Written by mo

November 27th, 2012 at 6:23 pm

Posted in United States

Tagged with , ,

U.S. food banks running low on supplies

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Reuters reports that the U.S. food banks are starting to run low on supplies, caused by a combination of this years drought, raising food prices (again, caused by drought and endless money printing by governments) and a general lack of funds, due to budget cuts across the board. Mind you, we’re talking about those food programs, which are currently supplying close to 50 million of US citizen with food aid. That’s almost 1 in 6 Americans…

Executives at major food banks across the United States worry they will not be able to keep pace with demand, which they don’t expect to ease until more Americans find better paying jobs. In a sign of how stressed the budgets of many Americans are, a record 47.1 million people used food stamps in August 2012, up from 45.8 million the year earlier.

With such pressures at work, on-hand supplies at the Los Angeles Regional Food Bank have fallen from a peak of about 3.3 weeks in 2010 to less than two weeks – the lowest in recent history, according to its president and CEO, Michael Flood.

Tightening food supplies last summer forced the food bank to start a waiting list because it does not have enough inventory to expand beyond the 640 agencies it already supplies with food. There are now 565 nonprofits on the waiting list, Flood said.

And of course it doesn’t look like things are going to get better anytime soon:

But they are bracing for more challenges in 2013. Food prices are forecast to move even higher, making it harder for people with limited means to stretch their money.

Current proposals for the new U.S. farm bill – which sets funding for TEFAP and the food stamp program – include small increases for TEFAP.

But those increases would be dwarfed by proposals for billion-dollar cuts to the food stamp program.

Washington’s the “fiscal cliff” fight over planned tax increases and spending cuts due to start in January is adding to the anxiety, since sharply partisan U.S. lawmakers need to come together to avert a big hit to the economy that likely would hurt the country’s most vulnerable.

Read the full story

Written by mo

November 25th, 2012 at 11:03 pm

Ron Paul says farewell to Congress

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Congressman Paul’s final speech on the House floor before leaving Congress. It goes without saying, he’ll be missed. Not so much by his “colleagues”, but by every honest and moral man.

Fore a writeup of some of the highlights from his epic speech, head over to ABC News: Ron Paul Departs With ‘Our Constitution Has Failed’

In a sprawling, 52-minute speech to the House chamber, Paul lambasted U.S. government, politicians and special interests, declaring that the U.S. people must return to virtue before the government allows them to be free, and that the Constitution has failed to limit the scope of an authoritarian bureaucracy.

Written by mo

November 15th, 2012 at 12:15 am

Obama II – This Time Its Different

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Proving my point that 99% of mankind are idiots, Gov. Gary Johnson got about 1% of the popular vote instead of the +5% he (and every other sane person) hoped for.

Next up: More gridlock, more partisan bickering, no agreement on anything, impeding fiscal cliff, endless money printing and maybe, just maybe another war in the middle east.

At least we’ll have a lot new content to add to this site, as this cascade of fails sure as hell isn’t going to end anytime soon.

Written by mo

November 7th, 2012 at 9:15 am

SEC might bring back fractions in stock prices

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Straight from the you-gotta-be-shitting-me department, the Wall Street Journal reports:

Regulators are thinking about bringing back the fraction.

The move would at least partly undo an 11-year-old rule that replaced fractions of a dollar in stock prices, like 1/8 and 1/16, with pennies. The idea of that change was to trim investors’ trading costs: One-cent increments can lead to narrower gaps between the prices at which brokers buy and sell shares—potentially reducing their opportunity to shave off profits.

Read the rest of the story here – most of the reasoning for going back to fractions is so mind numbing stupid, your IQ might drop just by reading it. So let me put it this way…

Written by mo

November 1st, 2012 at 9:00 am

Posted in United States

Tagged with , , ,

Who to vote for in the election 2012?

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In case you’re a US citizen, there’s a presidential election coming up pretty soon – and if you’re like most Americans (at least those with at least some interest in politics) you’re probably already sick of all those debates, the bickering and the 24/7 news-cycle, sensationalizing every minor detail. You probably also noticed, that Barack Obama and Mitt Romney have more in common than they’d like to admit and that their differences may very well have “some” impact, but sure as hell won’t change the overall picture. Namely that the once great United States is rapidly going down the drain…

Either that or you simply can’t stand either one of the two candidates, since you realized that they’re essentially different heads of the same beast. So whom to vote for? The lesser of two evils? Give your vote to the guy you don’t agree with, but at least he isn’t wearing magic underwear? After all those are the only two choices…

At least that’s what most people think and considering how the debates went and the total media blackout any sane candidate *cough*Ron Paul*cough* during the 2012 Republican primaries, one can hardly blame them.

But here’s a fun fact: There will be a real alternative for 49 of the 50 states! A sane candidate. One that hasn’t lied to you about all that hope and change, then turned out to be quite the disappointment.

 

 

Ok, so his ads are good. Really good. Almost good enough that I’d vote for him based on that alone. But I’m thorough, so I decided to start digging (even though I’m not a US citizen and can’t actually cast a vote – but I digress)…

Wondering if you are a Libertarian yourself? Well, maybe not completely – but you’re probably more libertarian than you might think.

 

Sure sounds nice, doesn’t it? But of course that’s just another campaign ad – of course they’d like to make you believe that you’re a libertarian at heart, you just didn’t know yet. Fair enough – so take a quick non-partisan quiz to find out who you side with: iSideWith.com is really nice for that – give it a try and try their election quiz. You might be surprised.

Now, looking at the statistics of people who took the test – chance are you might be surprised just how much you agree with Johnson (Liberarian Party) or Stein (Green Party) and on how little you agree with the established two parties… As for me: I scored well above 90% with Gary Johnson (no surprise there) while current president Barack Obama agrees a measly 30% with me while Mitt “magic-underwear” Romney gets just 6% more (on science? Really? That’s a bit hard to swallow…)

Overall “policy-compatibility” stats as of this time – results based on sites:

Facebook Users: 48% Obama, 43% Johnson, 36% Romney
NPR: 53% Obama, 45% Johnson, 36% Romney
AOL: 49% Johnson, 49% Romney, 47% Obama
Forbes: 50% Johnson, 48% Romney, 45% Obama
Tumblr: 63% Obama, 51% Johnson, 24% Romney
Twitter: 51% Obama, 44% Johnson, 33% Romney
Google+: 53% Obama, 48% Johnson, 28% Romney
Reddit: 57% Johnson, 53% Obama, 27% Romney
Yahoo: 47% Romney, 44% Johnson, 39% Obama
Huffington Post: 56% Obama, 40% Johnson, 28% Romey
Youtube: 59% Obama, 57% Johnson, 29% Romney

And of course…
Reason.com: 79% Johnson, 42% Romney, 24% Obama
DailyPaul.com: 81% Johnson, 39% Romney, 19% Obama

But hell, even on sites like…
AR15.com: 69% Romney, 66% Johnson, 30% Obama
Fox.com: 64% Romney, 58% Johnson, 34% Obama

Based on those numbers, in reality the race should be Gary Johnson vs. “those other two guys”, not the other way around. No wonder the Democrat/Republican establishment does everything in its power to not include him in the “official” debates and not even mention him in the news coverage – just like they did with Ron Paul.

Convinced already? No? Good, you shouldn’t be. Since the debates managed to exclude any third party candidate, you better watch one of the “alternative” debates that were done to compensate for that. For example the one by world famous Larry King: Part 1 and Part 2 as well by YouTube-famous Philip Defranco / Sourcefed:  Gov Gary Johnson on #PDSLive – Final Presidential Debate 2012

Now, if you’ve read that far and actually spent the time watching the linked videos, most importantly the interviews and debates above… You already made your decision. Congrats on making the right choice and voting what your conscience will tell you to do.

Written by mo

October 25th, 2012 at 11:48 pm

US downgraded to AA-

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Following yesterdays QE3 / QE∞ the United States has just been downgraded again, this time from AA to AA- thanks to Egan-Jones:

Up, up, and away – the FED’s QE3 will stoke the stock market and commodity prices, but in our opinion will hurt the US economy and, by extension, credit quality. Issuing additional currency and depressing interest rates via the purchasing of MBS does little to raise the real GDP of the US, but does reduce the value of the dollar (because of the increase in money supply), and in turn increase the cost of commodities (see the recent rise in the prices of energy, gold, and other commodities). The increased cost of commodities will pressure profitability of businesses, and increase the costs of consumers thereby reducing consumer purchasing power. Hence, in our opinion QE3 will be detrimental to credit quality for the US.Some market observers contend that a country issuing debt in its own currency can never default since it can simply print additional currency. However, per Reinhart & Rogoff’s ” This Time Is Different: Eight Centuries of Financial Folly ” , p.111, 70 out of 320 defaults since 1800 have been on domestic (i.e., local currency) public debt. Note, US funding costs are likely to slowly rise as the global economy recovers or the FED scales back its Treas. purchases (75% recently).

From 2006 to present, the US’s debt to GDP rose from 66% to 104% and will probably rise to 110% a year from today under current circumstances; the annual budget deficit is 8%. In comparison, Spain has a debt to GDP of 68.5% and an annual budget deficit of 8.5%. We are therefore downgrading the US country rating from “AA” to “AA-“.

Ratings History:
Egan-Jones rating history for United States (Govt of).
9.14.12  AA to AA (-)
4.15.12  AA+ to AA (Negative outlook)
7.16.11  AAA to AA+

And since Egan-Jones hit-ratio (meaning the ratio at which S&P and Moody’s follow their rating) of well above 90%, expect the major rating agencies to downgrade as well within the next week or so.

Oh, and about that inflation…

Written by mo

September 14th, 2012 at 10:09 pm

Fed announces another round of QE

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A few hours ago the Federal Reserve has announced another round of QE, because… you know, it worked so great the last time. And the time before that. And every time they had to extend it. That’s why the US economy is now in such a great shape, they need even more QE. Makes sense, doesn’t it?

This time, instead of buying treasuries, it will be MBS. 40 billion worth, each and every month until… well, who knows? Certainly not chairman Bernanke, because when asked about that minor detail during the Q&A session of the press conference, all he could say was until unemployment rates are at an acceptable level again. No target, no hard figures – we’re making it up as we go.

But to make a long story short, Congressman Ron Paul managed to sum it up within the first 90 seconds:

Update, a day later: While some of the usual suspects are still cheering and the markets (especially Europa and Asia, less so the US itself) were soaring, the first analysts who managed to keep their calm and are actually doing the math came up with some numbers just how bad this will likely end: BofA Sees Fed Assets Surpassing $5 Trillion By End Of 2014… Leading To $3350 Gold And $190 Crude  (hat tip to Bank of America’s Priya Misra)
Hint: Total outstanding public debt of the whole US is currently just above $16 Trillion, or about 3 times what the Fed is expected to have on their books within the next two years.

My projection: This whole debacle won’t turn out the way the Fed/Government/Investors/… are hoping for, instead it’s going to get ugly. Very, very ugly.

Written by mo

September 13th, 2012 at 10:49 pm

US GDP-to-debt crosses 100%

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Well isn’t that just swell? For the first time in 70 years the US debt/GDP today crossed above 100%. Almost exactly one year after the US downgrade at the beginning of August 2011. Happy Anniversary, I guess!

According to the latest data available from the Bureau of Economic Analysis (GDP at 6-30-12), U.S. Treasury (Public Debt at 8-2-12), and U.S. Census Bureau (Population at 8-4-12):
Public Debt $15.921 trillion
GDP $15.596 trillion
Population 314.090 million
Annualized Interest Expense $501.157 billion
Effective Interest Rate 3.39%

And the outlook at the current rate of progression? (Thanks to ZH)

2016:

  • Total US debt: $22.2 trillion (an increase of over $6 trillion from today)
  • Total debt per US taxpayer: $180,000
  • Debt to GDP: 130% (30% higher than today)
  • Food stamp recipients: 50 million
  • M2: $14.3 trillion (an increase of over $4 trillion from today)

and:

  • Total US Unfunded liabilities of $147 trillion (or $1.2 million per taxpayer)
  • $950 trillion in currency and credit derivatives, margined courtesy of TBTF banks’ cash deposits.

Written by mo

August 5th, 2012 at 10:46 pm

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