As expected

the corporate owned US government is going to bailout EVERY company in the US. The USA can now officially be called "bailout nation" where it doesn't matter what you do, the government will never let you fail. There is no capitalism left in the US, communism rules EVEN with a Republican President.
In an economy based on capitalism, the bad companies go bankrupt, the good ones take over the assets from the bad companies and thrive. There were numerous banks that didn't get caught into the MBS web. They should be rewarded and should gain market share. However the US government interferes with the free market and we saw earlier that the public and the stockmarket don't like that one little bit.

Lehman Brothers, Bear Stearns, AIG, Fannie May, Freddie Mac, all other banks, GM, Ford, Chrysler, ALL airlines, ...

This will not have a happy ending.

Propping up bankrupt companies will result in hyperinflation and we all know who the Germans chose to solve the problems after the Weimar Republic collapsed... HITLER!

No Credit = No car buying --> Buy 1, get ONE FREE

Question of the day

Are you a chump?

Quote of the day

"I don’t think it's a good use of taxpayer money to put taxpayer capital into an institution that's going to fail."


Neel Kashkari, the Treasury’s Interim Assistant Secretary for Financial Stability.

During his testimony: LINK

Countdown to UFC 91 Couture - Lesnar

24 hours to go, WaaaW I'm excited!

Free link to the live stream

Let's take a look at what the experts are saying

All mutual funds are down, but this hedge fund is up 30% year to date. What are they saying:

superfund

Air James

Every dollar that is thrown into the bottemless pitts of the banks

is a dollar that could have been used to get people into real, sustainable jobs...

The government is going to make this economic recession worse and worse and worse and ...

Are you embarrassed Mr President?

On the day President-elect Obama is visiting theWhite House, a new national poll suggests that the current occupant at 1600Pennsylvania Avenue is the most unpopular president since approval ratings were first measured more than six decades ago.

"No other president's disapproval rating has gone higher than 70 percent. Bush has managed to do that three times so far this year," said CNN PollingDirector Keating Holland.

Bush's approval rating at an all-time, record low

After being the dumbest president ever, he is now officially the WORST president EVER.

No, the 700 billion gift to the banks was NOT a good idea

The word is starting to get out.

Many Americans are understandably outraged by the bailout fever that has gripped Washington this year. But even those who believe the bailouts are a "necessary evil" would have a hard time defending some of the bailout-related items that have come to light in recent days, including:

-->Financial institutions using TARP bailout money to pay executive bonuses. (50 BILLION!!!)

-->The Fed refusing to reveal who received almost $2 trillion in non-TARP loans, or what collateral it has accepted from "emergency" loans made to struggling firms, as Bloomberg reports.

-->The Treasury Department providing a tax break to banks involved in acquisitions that could amount to $140 billion.

Gifts + Corruption = MOB

His dream finally came true

He would have been so proud!

Big Bang

Funny Crashes

Quote of the day

'If these things were so large, how come everyone missed them? Why did nobody notice it'?"

Queen Elizabeth

The US is run by the M-O-B

Fed Defies Transparency Aim in Refusal to Identify Bank Loans

The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

Bloomberg News has requested details of the Fed lending under the U.S. Freedom of Information Act and filed a federal lawsuit Nov. 7 seeking to force disclosure.

Groceries

We paid 38 dollars for those groceries. Amazing!

The 1 - 2 - 3 combo of Moral hazard

This is happening all over the world, I call it the "1-2-3 combo of moral hazard":
1. Banks are insolvent (aka bankrupt)
2. Government gives them all the money they want, but the government doesn't have that money
3. The government asks the IMF (International Monetary Fund) for money...
Possible part 4 of the combo: IMF asks money from the Arabic world
Why isn't there any revolution? Why are people just letting their government destroy their country? Why are people so ignorant about this?

It is not because the money doesn't directly come out of your pocket, that it is free.
The debt will have to be paid, and hyperinflation is the most likely way. And that will destroy all the wealth that's left in the Western world. Economically speaking: Zimbabwe is not as far away as some people might think...

Just make fun of the only REAL economist in the room

an overview of Peter Schiff's 2006' predictions

Weekend Guessing Contest

How much did we pay for these groceries?
a) $38
b) $58
c) $78
d) $98

Quote of the day

"Every industrialized nation is putting a lot of supply on the market because they all have insolvent banks, whoops I'm not supposed to say insolvent banks, they all have banking issues"

Rick Santelli, CNBC, bonds expert, November 7, 2008

MMA fight of the YEAR: Couture - Lesnar UFC 91

Preview

After Despising the Arabic World for decades, for their "archaic" culture and economy

They are asked to come to the rescue of the implosion of the Western (Greed) Economies. The IMF is handing out loans like candies to all Western countries, but there is only 1 problem. They don't have any money ... the only people with wealth left are the "dictators from the "archaic" Arabic World".
The irony...

Do you feel it coming?

Economic problems have ALWAYS lead to wars.

The "arrogance" of power, wonder who is talking about...

Land prices in Las Vegas decline 74% year over year

Auch, LINK

The Las Vegas-based business advisory firm reported an average price of $524,725 an acre for 427 acres sold in the third quarter, down 73.9 percent from the same quarter a year ago.

Deja vue...

48%

I am pretty sure people in the rest of the world, wonder how a party that destroyed a country in 8 years, can still get about 48% of the votes in an election...

The 1856 map of "free states" and "slave states".

The 2004 political map, Bush "wins" again.

Any Questions?

Halloween Pics 2 / 2

In Europe

they are making fun of Palin as being dumb and stupid.
From the Republican news channel: FOX:

Our taxdollars at work part 5

"Who'd have thought we might be on the hook for paying the defense costs when we're also paying the prosecution costs?"
Taxpayers may be on the hook for millions of dollars in legal bills for Fannie, Freddie execs
When the Treasury Department delivered a $200 billion bailout to Fannie and Freddie, that obligation passed to the government, which may find itself paying for the lawyers defending the executives against the government's own prosecutors.

It appears that the $700 billion gift to the banks seems to work after all...

So when your job, your retirement, your standard of living, your future is on the line

Americans vote CHANGE over FEAR.

Obama becomes first black president in landslide

LINK

You heard it here first

And it's all over !!!

It's now 6:17 PM in Arizona and it's clear that Obama will win BIG time. So why did all those Republicans vote democratic this time?

MSNBC Live election coverage

MSNBC ELECTIONS

Housing speculation in the 40's

The only thing that can keep Obama from winning

The Republicans did it twice (2000; 2004), 3rd time won't be the charm. It will be a little bit more difficult to make up 7% than the 1 or 2 % from the Bush elections.

As expected Obama won the elections by a wide margin

oops, I am a day early...

Car Crash

GM's October sales plunged 45%, Ford Motor Co. (F) recorded a 30% drop and Toyota Motor Corp. (TM) reported a 23% decline.

No credit = No cars

GM couldn't be profitable producing 40% more cars ... next $700 billion bailout is for the car industry.

Our school just made the news

LINK

Room 255 where the fire started, is about 50 feet from my room. Hopefully the sprinklers weren't activated in my room ...

Daylight Savings

I think Arizona is one of the only places in the world that doesn't use the "daylight savings" (winter/zomeruur), hence time difference PHX - Belgium is now 8 hours.

The NEXT domino to drop

Credit Cards and the credit card companies:
So, did American consumers cut back on borrowing? Not if they had a credit card! Total loans from commercial banks to consumers grew by $89 billion for the 12 months ending in September. $61 billion of that was credit card debt, and the amount in recent weeks has exploded.

* Credit Card Loans, 10 months Sep07-thru-Jul-08 ... up + $29.1 billion
* Credit Card Loans, 10 weeks Aug-08-to-mid-Oct-08 ... up + $32.3 billion

In other words, Commercial Bank 'exposure' via the total amount of Credit Card 'loans' outstanding has risen MORE in the last ten WEEKS, than it did in the previous ten MONTHS COMBINED !!!

from http://www.weldononline.com/

This won't be a "soft" landing after all...

False Pretences: The Sequel

First the "weapons of mass destruction", starting a war under false pretences... NOW using 700 billion of taxpayer's money under false pretences!

The $700 billion was given to Bush to supposedly to stop the stock market from crashing, to get loans flowing again, and to buy up bad debt.

0 for 3

The stock market crashed anyway. The loans aren't flowing. And the bad debt didn't get bought up.

Instead, the money is being given away in the night to big banks, a point that WAS NOT EVEN DISCUSSED DURING THE DEBATE OR IN THE MEDIA. It's being given away on laughable terms, not even close to what the free market would pay, and the banks are using it to buy up smaller banks, and also giving their executives obscene bonuses, and paying their shareholders (who should have been wiped out and weren't) their juicy dividends.

The American people got robbed. Or are getting robbed (present tense). Like never before. To the tune of $700,000,000,000 cash.

Bush - American People: 2 - 0

Giant Frog

We discoverd a giant frog in our front yard. It was at least 4 fists big, itwas the size of small rabbit.

Halloween Pics 1 / 2

Naomi's Halloween costume...

Naomi standing next to the real cheerleaders on one of the stands of the Maricopa High School stadium.



Naomi climbing ...
A real model:

The Maricopa High School Stadium. I think it is bigger than most Soccer Teams in Belgium that play in the 3rd National Division.
The grass is 100% turf, fake grass. Needs no cutting and can be used throughout the year.

Count Dracula
Sharing the loot

Trick or treat

Normally I look better with make-up