Things are getting out of control.
LINK
This school bus driver, I repeat, this school bus driver wants Obama and the US taxpayer to bail her out, because she is losing her $800 000 home.
That's pretty messed up!
Couldn't embed it, CNN link
We bought this cat fromt he volunteers from the Animal Hospital. We thought of naming him: Yeti or Manneke Pis but decided to settle with the name "Fortis".
We now have 3 cats, Toschi (F), Ramses (M) and Fortis (M).
+ scenario: double bottom and we bounce back up slowly
- scenario: we fall through 7300/7500 and we crash down to 4000 in no time
Dow overview
June 25
August 15
October 13
"'The government is promoting bad behavior. Do we really want to subsidize the losers' mortgages. This is America! How many of you people want to pay for your neighbor's mortgage? President Obama are you listening? How about we all stop paying our mortgage! It's a moral hazard!!!"
Obama’s example of a family that would benefit from his plan was one that had searched for a good home, secured a fixed-rate mortgage at a reasonable rate, made a down payment and made their mortgage payments each month.
Well, that is probably a whole whopping 3% of all homebuyers of the last 5 years...
Obama's plan could offer relief for Maricopa foreclosures
We partied at Tryst
Republican senator Kanjorski:(+/- 2:10)
Look, I was there when the Secretary and the Chairman of the Federal Reserve came those days and talked with members of Congress about what was going on. It was about September 15th [2008 -- that would actually have been the evening of 18th-19th].
Here’s the facts, and we don’t even talk about these things. On Thursday [that would have been September 18, 2008], at about 11 O’clock in the morning, the Federal Reserve noticed a tremendous draw-down of … money market accounts in the United States. To the tune of $550 billion was being drawn out in a matter of an hour or two. The Treasury opened up its window to help. They pumped $105 billion in the system and quickly realized that they could not stem the tide.
We were having an electronic run on the banks.
They decided to close the operation, close down the money accounts, and announce a guarantee of $250,000 per account so there wouldn’t be further panic out there. And that’s what actually happened.
If they had not done that, their estimation was that by 2 o’clock that afternoon [Sept 18, 2008] $5.5 trillion would have been drawn out of the money market system of the United States — would have collapsed the entire economy of the United States, and within 24 hours the world economy would have collapsed.
Now we talked at that time [Sept 18th-19th?] about what would happen if that happened. It would have been the end of our economic system and our political system as we know it. And that’s why, when they made the point we’ve got to act and do things quickly we did.
We saw the Grand Canyon in the sun, in the fog ... and now in the snow. 
A must see, pictures don't do the magnitude of the Grand Canyon justice.
satellite radio: Sirius/XMradio.
Digital radio in HD quality without commercials. They have some excellent "live" shows,i.e. Tiesto show.
Too bad for us that they are going bankrupt and will file for chapter 11 Tuesday.
No bailout for Sirius/XMradio, maybe if they would take the name "Sirius Bank" the corrupt government would give them a few billion and they would survive.
No such luck ...in a centrally planned economy it's the government that decides who survives...and who fails.
so we'll be visiting the Grand Canyon and Las Vegas.
We'll be staying at the very fancy 5* (top 100 hotels in the world)the Wynn.
A depression has its advantages.
Amazing, a bill of 800 billion dollars.
The only thing they cut from the original bill was of course the "public educational" part of it. So trillions of dollars for bonuses for bankers, and peanuts for education. Looks like the policies of a corrupt 3rd world country.
It all started with the 200 billion stimulus of the incompetent Bush (tax credit checks) a year ago. These stimuli are never going to end. When do they plan on adding the next "stimulus bill"? Will it top 2 trillion dollars? And the next one, 5 trillion dollars? And, then 10 trillion?
So with this bill the government wants to create 3 million jobs... Are you kidding me, they are going to create 3 million in the public sector(or private companies that do all the unnecessary construction work) and destroy 10 million in the private sector in the meantime. It is not the task of the government to "create" jobs, they should create an environment where the private sector creates jobs.
The USA is now officially a centrally planned economy, in which the governments regulates and controls everything.
The dollar will soon be worthless, we'll all be $$$ billionaires and gold will rise 30+% a year for the foreseeable future.
China gives the example how these crooks/fraudsters/parias should be punished:
A Chinese court has handed a death sentence to Li Peiying, a former chairman of Capital Airports Holding Co., for bribery and embezzlement
Former chairman of Chinese company sentenced to death:report
"Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. It will purge the rottenness out of the system.
"High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people."
-US Sec. of the Treasury Andrew Mellon, 1929
Incredible invention by the University of Chicago
LINK
Now we have "Superman" eyes, is time travel next?
Saoudi Arabia is the only country in the world that hasn't peaked in oil production. No one is able to verify how their oil supplies are doing because no one is allowed to research their fields.
OPEC announcement
El-Badri said the group would likely fall short of its goal to raise production capacity by five million barrels per day by 2012, according to a research note by analyst Addison Armstrong.
It is pretty clear now that the (easy)cheap oil is now gone. They are adding water in the biggest oil field Gha-Wahr and that means we are for a shocker when the economy picks back up.
School district braces for state budget cuts
Bankers created this economic mess, bankers get 2 trillion dollars of taxpayer's money and the rest of us have to suffer. That doesn't seem fair...
In the U.S., only 14 percent of adults thought that evolution was "definitely true," while about a third firmly rejected the idea.
Evolution Less Accepted in U.S. Than Other Western Countries, Study Finds
Treasury Overpaid for Bank Assets in Bailout, Oversight Panel Says
The Bush administration received assets that were worth $78 billion less than the amount it invested as part of the massive infusion of capital into the country's banks, congressional investigators have found.
The investigators concluded that the Treasury under the federal bailout had invested $254 billion into companies but the preferred stock it got in return had a market value at the time of only $176 billion, or 69 percent of what the government paid, according to a congressional oversight panel report scheduled to be released today.
I think I just puked in my mouth...
A centrally planned economy is one in which the total direction and development of a nation's economy is planned and administered by its government.
Anyone?
Maybe this will help sales:
1* crash rating
The usual subject:
From the Dutch news.
1. $15000 tax credit for buying a home in 2009
2. +/-$1500 return of the sales tax of our car
3. +/-$1000 reduction in income taxes
Thank you, thank you, thank you printing press! 
That really makes you love the US government.
That's me in a few years cashing in my schoolpaycheck:
Wells Fargo defends, then cancels Vegas junket
The company initially defended the trip after The Associated Press reported it had booked 12 nights beginning Friday at the Wynn 5*Las Vegas and the Encore Las Vegas. But within hours, investigators and lawmakers on Capitol Hill had scorned the bank, and the company canceled.
It's a DISGRACE, just let these paria's go bankrupt and fire all employees! Please!
Let banks fail
"The UK has been hit hard because the banks took on enormously large liabilities in foreign currencies. Should the British taxpayers have to lower their standard of living for 20 years to pay off mistakes that benefited a small elite?" he said.
There is an argument for letting the banks go bust. It may cause turmoil but it will be a cheaper way to deal with this in the end."
Joseph Stiglitz
Nobel prize economics 2001
