No Way Out

If the U.S. government cut all government services except Social Security, Medicare, Medicaid, and payments on the debt, federal spending would still outpace revenues. Prof. Antony Davies argues that there are not specific cuts that will enable government to balance the budget. He says, "Nothing less than a redesign will solve this problem." That redesign should begin by determining what the proper role of government is.


Source: http://www.zerohedge.com/news/2012-10-16/why-balanced-budget-impossible-america
Source:  http://www.youtube.com/watch?feature=player_embedded&v=asRDOhgN70Q

Tribute to Warren Buffet and Ben Bernanke

Rich getting richer...



Source: http://www.youtube.com/watch?feature=player_embedded&v=xA_glFb0oWs
Source: http://www.zerohedge.com/news/2012-10-12/bears-explain-how-rich-get-richer

Getting to Know Your Fed

Ever wonder how the government can spend so much money on bailouts yet you fail to see the benefits?

This video contains the answer. Along with other unfortunate facts.

Source: http://www.zerohedge.com/news/2012-10-10/guest-post-feds-sole-purpose-keeping-banks-afloat-g-edward-griffin
Source: http://www.amazon.com/The-Creature-Jekyll-Island-Federal/dp/0912986212
Source: http://www.youtube.com/watch?feature=player_embedded&v=_WrMWK-FJzU

Free Slurpees, Disability Checks, and Improving Unemployment

Update on Food Stamp Recipients: It's a record high at 46.7 million people (US population in 2011 was 311.6 million) -- 15% of the population doesn't have enough money to afford food (and Slurpees).

Jobs versus Foodstamps and Disability. FYI, this is a pretty shocking chart:

This is one of main reasons the unemployment rate is ~8% instead of 10% (ignoring the most recent BS 7.8% that was published this past Friday). Labor force participation rate is back at the rate as we had during the early '80s, which is good only if households bought low and sold high for the dot com boom and housing boom, otherwise, it's pretty horrific given the debt load of the average household -- but at least we have 60" HD TVs! FYI, the participation rate is dropping because people are quitting looking for work, not that they are retiring or taking sabbaticals.

Source: http://www.zerohedge.com/news/2012-10-05/us-foodstamp-usage-rises-new-record-high
Source: http://www.zerohedge.com/news/2012-10-05/nfp-prints-114k-top-expectations-115k-unemployment-rate-tumbles-78-expectations-82
Source: https://www.google.com/search?q=us+population
Source: http://www.bls.gov/data/

Why It's So Difficult to Get a Loan

Trim Tabs: The bottom line here is that the big banks are making so much money, borrowing short from the government and buying longer term government debt, that they do not need to bother making loans. That is why loans and mortgages are only available to those who can prove they don’t need them. The banks have learned they can make lots more money with no risk taking government money and then giving it back to the government.


Source: http://trimtabs.com/blog/2012/10/05/banks-make-huge-profits-from-central-banks-but-who-will-bail-out-central-banks/

Feel Un-Good Video

CNBC brings this guy on when they want to ridicule people who believe central banks that excessively print money lead to gigantic unintended consequences.


Source: http://www.youtube.com/watch?v=ptMrAgWqRfg