Mrcauser’s Weblog

Just where are we going to increase industrial production? China? We gave our industry away, remember? Heh heh

Of course we can always take over a small oil producing country. I’m ready.

A Depression Coming? Not Likely – Kiplinger.com

America’s national output plunged for four straight years, 1930-1933, with a total drop in dollar value of some 50%, because of a combination of lower volume and falling prices (deflation).

The massive federal spending of Franklin D. Roosevelt’s New Deal caused the gross domestic product (GDP) to rise from 1934 through 1937. Then the nation was shocked by a severe relapse (the “Roosevelt Recession”) that saw national production fall in 1938. The Great Depression was finally ended not by the New Deal, but by rising U.S. industrial output in 1940-1941 to aid our allies in Europe, under assault by Adolf Hitler.

Oil exploded in price in the 70’s under Carter. Destroying the economy and his presidency. He hired Paul Volker(yes that him in the news on Ob’s team) who raised interest rates to 16 % or so and cleaned out the bankrupt assets from the American economic system. Giving us the “great orator” Reagan presidency with it.

Oil exploded in price this year and is taking the economy with it. Same medicine will be necessary to save our sorry asses. Now or later. The damage has to be limited. No one can duck the consequences of unsupported credit expansion. Eventually you run out of suckers to buy your debt.

Guess what Obama has to do?

As Ive  been saying for years  we need to take over a small oil producing country to stave off the Depression. Not much else a broken poorly run  empire can do. This was planned years ago and executed in Iraq. Probably time to do it again after OB plays Jimmy Carter and inspires everybody with his soaring rhetoric. And hires the Clinton gang to institute “change.”

By the way, all you have to do is pay attention to what the elite are telling each other. Not that anyone pays attention to these people talking to each other. Only their speeches for the masses are covered by the Corporate media.

 Anyways Cheney ran Haliburton the oil service company. Read what he was saying right after gaining office as VP:

Peak Oil: Life After the Oil Crash

A report commissioned by Cheney and released in April 2001 was no less disturbing:
The most significant difference between now and a decade ago is the extraordinarily rapid erosion of spare capacities at critical segments of energy chains. Today, shortfalls appear to be endemic. Among the most extraordinary of these losses of spare capacity is in the oil arena. Source
In light of this information, Cheney knew the only way for Western oil majors to stay oil majors was to use force to grab what’s left in the Middle East and then give the contracts to pump that oil to the oil majors. Four years after the invasion of Iraq, this is exactly what is happening. U.K. Independent journalist Geoffrey Lean explains:
“So where is this oil going to come from?” Cheney asked His answer: the Middle East was “where the prize ultimately lies”.

Cheney, Carter, Reagan.Paul Volker, Clinton, Iraq, economy, oil, Obama, Haliburton

Just wait until the food runs out.

Wal-Mart clerk dies as crowd rushes in – Life- msnbc.com

Wal-Mart worker dies after crowd rushes store
Shoppers knocked him over, ‘physically broke down doors,’ police say

Video
Wal-Mart employee dies
Nov. 28: A worker at a Wal-Mart on Long Island died after being trampled by a crowd. MSNBC’s Contessa Brewer reports.

MSNBC

Video: Life

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msnbc.com staff and news service reports
updated 1 hour, 10 minutes ago

NEW YORK – A worker was killed in the crush Friday after a throng of shoppers eager for post-Thanksgiving bargains burst through the doors at a suburban Wal-Mart, authorities said.

Nassau County police said the 34-year-old man was taken to a hospital where he was pronounced dead at about 6 a.m. ET, an hour after the store in Valley Stream on Long Island opened.

A police statement said a throng of shoppers “physically broke down the doors, knocking him to the ground.” The exact cause of death “will be determined by the medical examiner’s office,” the police stated.

Now  we can all buy a new house with our unemployment checks.

No wait. That’s what these giant new stimulus checks are for.  Good thing we changed Presidents. Wouldn’t no what to do with out an experienced hand at the helm. Opps I forgot Mac lost.

Mortgage rates plummet after $800 billion credit infusion – Nov. 26, 2008

NEW YORK (CNNMoney.com) — Mortgage rates fell sharply yesterday after the administration announced that it will pump another $800 billion into credit markets to free up frozen consumer and mortgage lending.

That number dwarfed previous government actions aimed at bolstering the mortgage lending market.

“The feds agreed to spend a half a trillion dollars to buy up mortgage backed securities and another $100 billion to fund lending for Fannie and Freddie; we’re not talking chump change anymore,” said Keith Gumbinger of HSH Associates, a publisher of mortgage information.

Rates averaged 5.77% for the day on a 30-year, fixed rate loan, down from 6.06% Monday, according to Gumbinger. They fell as far as 0.75 percentage points during the day, according to Orawin Velz, Associate Vice President for Economic Forecasting at the Mortgage Bankers Association.

Ha ha ha ha ha ha. These lefty voters are stupider than right wing voters. At least we got the Supreme court for the next couple of years. Should be that long to finish off the working stiff. Who needs them when you have Lord Obama’s magic wand.

Gates to stay on as Pentagon chief, aides say – International Herald Tribune

WASHINGTON: In a show of bipartisanship and continuity, President-elect Barack Obama has decided to keep Defense Secretary Robert Gates in his post, Democrats close to the transition said, and on Wednesday named Paul Volcker, a former chairman of the Federal Reserve under Democratic and Republican presidents, to lead a new White House economic advisory committee.

It will be the first time a Pentagon chief has been carried over from a president of a different party. Obama’s advisers were nearing a formal agreement with Gates to stay on for perhaps a year, the Democrats said Tuesday, and they expected to announce the decision as early as next week, along with other choices for the national security team. The two sides have been working out details on how Gates would wield authority in a new administration.

The move will give the new president a defense secretary with support on both sides of the aisle in Congress, as well as experience with foreign leaders around the world and respect among the senior military officer corps. But two years after President George W. Bush picked him to lead the armed forces, Gates will now have to pivot from serving the commander in chief who started the Iraq war to serving one who has promised to end it.

Jesus walked on water. Al Gore lost the election. Santa Clause is a shopaholic. America can afford to buy all the World’s problems. Obama will wave his magic wand and cure socialism’s disasters.

And global warming is worth destroying millions of lives because it is the new sacrament of Environmentalism. Nothing will be more important than saving mankind from the evils of Capitalism.  You descent you get punished.

Pass the Holy water.

The price of dissent on global warming | The Australian

David Bellamy | November 25, 2008
Article from: The Australian

WHEN I first stuck my head above the parapet to say I didn’t believe what we were being told about global warming, I had no idea what the consequences would be. I am a scientist and I have to follow the directions of science, but when I see that the truth is being covered up I have to voice my opinions.

According to official data, in every year since 1998, world temperatures have been getting colder, and in 2002 Arctic ice actually increased. Why, then, do we not hear about that? The sad fact is that since I said I didn’t believe human beings caused global warming, I’ve not been allowed to make a television program.

My absence has been noticed, because wherever I go I meet people who say: “I grew up with you on the television, where are you now?”

It was in 1996 that I criticised wind farms while appearing on children’s program Blue Peter, and I also had an article published in which I described global warming as poppycock. The truth is, I didn’t think wind farms were an effective means of alternative energy, so I said so. Back then, at the BBC you had to toe the line, and I wasn’t doing that.

At that point, I was still making loads of TV programs and I was enjoying it greatly. Then I suddenly found I was sending in ideas for TV shows and they weren’t getting taken up. I’ve asked around about why I’ve been ignored, but I found that people didn’t get back to me. At the beginning of this year there was a BBC show with four experts saying: “This is going to be the end of all the ice in the Arctic,” and hypothesising that it was going to be the hottest summer ever. Was it hell! It was very cold and very wet and now we’ve seen evidence that the glaciers in Alaska have started growing rapidly, and they have not grown for a long time.

I’ve seen evidence, which I believe, that says there has not been a rise in global temperature since 1998, despite the increase in carbon dioxide being pumped into the atmosphere. This makes me think the global warmers are telling lies: CO2 is not the driver. The idiot fringe has accused me of being like a Holocaust denier, which is ludicrous. Climate change is all about cycles. It’s a natural thing and has always happened. When the Romans lived in Britain they were growing very good red grapes and making wine on the borders of Scotland. It was evidently a lot warmer Read more here

global warming

Still believe in global warming? The new religion. Let’s see what some real scientist have to say. You know the ones who refuse to be bought or cowed by government sponsored thugs.

I find it refreshing that this faith-based “we all gonna die by Monday if we don’t give a way the farm to the bureaucrats right now”  off the news radar. Depression talk seems more apropos, I guess. We can’t even afford to fart now let alone give these Al Gore nuts more money. but wait. This is the government we are talking about. The best money can buy.

Quote of the Day:

“Sometimes I wonder whether the world is being run by smart people who are putting us on… or by imbeciles who really mean it.” – Mark Twain

Global Warming – Doomsday Called Off (2/5)

global warming, Al Gore, Depression

How Obama Got Elected

On November 4th, 2008 millions of Americans were shocked that a man of Barack Obama’s limited experience, extreme liberal positions and radical political alliances could be elected President of the United States. For many of these Americans, the explanation was rather simple… the news media, completely enamored with Obama, simply refused to do their job.

On Election day twelve Obama voters were interviewed extensively right after they voted to learn how the news media impacted their knowledge of what occurred during the campaign. These voters were chosen for their apparent intelligence/verbal abilities and willingness to express their opinions to a large audience. The rather shocking video below seeks to provide some insight into which information broke through the news media clutter and which did not.

No money in it for the lefties. No carbon credit trading. No Gore commercials, I mean documentaries. Damn!

The Warmer, the Merrier by James P. Hogan

Earth warmed a little during the last century as part of the natural climate cycles that have always been happening and always will. The principal agent by far – to the tune of 95% of the total in maintaining an atmosphere that keeps the Earth from freezing at this distance from the Sun – is water vapour, which doesn’t even figure in the computer models that the current hysteria is based on, because you can’t control it, tax it, or blame it on your favorite villains. At 0.03% of the Earth’s atmosphere, carbon dioxide is a minor player, and the proportion of it due to human activities, minuscule – 2% of the 0.03%, which is six millionths of the 5% warming which was due to CO2 to begin with. Put another way, the human contribution works out at three cents in a hundred thousand dollars.

Another Wall Street insider.  Hooray for OBnomics. We’re saved. problem solved. Yippee. Snore

Timothy F. Geithner, President of the New York Fed – Organization – About the Fed – Federal Reserve Bank of New York

Timothy F. Geithner

Timothy F. GeithnerTimothy F. Geithner became the ninth president and chief executive officer of the Federal Reserve Bank of New York on November 17, 2003. In that capacity, he serves as the vice chairman and a permanent member of the Federal Open Market Committee, the group responsible for formulating the nation’s monetary policy.

Mr. Geithner joined the Department of Treasury in 1988 and worked in three administrations for five Secretaries of the Treasury in a variety of positions. He served as Under Secretary of the Treasury for International Affairs from 1999 to 2001 under Secretaries Robert Rubin and Lawrence Summers.

He was director of the Policy Development and Review Department at the International Monetary Fund from 2001 until 2003. Before joining the Treasury, Mr. Geithner worked for Kissinger Associates, Inc.

Mr. Geithner graduated from Dartmouth College with a bachelor’s degree in government and Asian studies in 1983 and from the Johns Hopkins School of Advanced International Studies with a master’s in International Economics and East Asian Studies in 1985. He has studied Japanese and Chinese and has lived in East Africa, India, Thailand, China, and Japan.

Mr. Geithner serves as chairman of the G-10’s Committee on Payment and Settlement Systems of the Bank for International Settlements. He is a member of the Council on Foreign Relations and the Group of Thirty.

He and his wife, Carole Sonnenfeld Geithner, have two children.

July 2007