Backdoor payment to China.

We're watching an avalanche get massive beyond all our expectations of when it should fall.

The avalanche bomb squad, instead of detonating small slides, gently tamps down the thickening snow so it can accumulate more while they sell homes in the village below!

This is all so beyond stupid crazy (and scary).

Yeah, Falcor, I wonder when the federal government will fail its saving throw.

Does the US Gov classify as Too Big To FAIL?

"Things in the mirror may be closer than they appear."

Nothing has been fixed and we're running out of time.

The corollary to "Follow the money" is "NOT what's comin' out of their pie holes."

They will keep playing the same game until they can't. A much bigger 2001-2003 expansion repeat. Hoping it works. Well now that you loaded people down with debt, good luck.

Only difference is this time they sent even more jobs overseas and their tax base has deteriorated further.

Just received a letter from my township.

The township is pleading for it's citizens to spend money within the local community so it get tax $$.


My local township is using up it's tax reserve funds because the state of Illinois (is broke) is keeping money it gives to the township.

What bears watching is who is contributing to SDRs, what proportion and exchange rates. I did a quick calculation per below link and as of today yuan/dollar exchange rate vis-a-vis SDRs is 6.82. So far so good, but......

http://coinmill.com/SDR_calculator.html

Thanks for calling the evil little elf out, I wish he would go back to his mushroom. If there is a face for this period of lies, theft and regulatory capture, it is Turbo Timmy's.

Is that where the 400B+ Fed loaning went?

Just wrote a check for $4950 to Tim Geithner's slush fund. Do I get a free week on the Costa Del Sol for my contribution?

Karl
We have looming financial disasters all over the world. I would bet this is just to cover the black holes that the IMF and World Bank are trying to paper over - i.e. funding EXISTING obligations in E. Europe, Latin America and Asia.

Also, the pyramid scheme is failing as the NATIONAL central banks are losing the credibility (i.e. gullibility) of the populations they need to create further credit without destroying the currencies which are their lifeblood. The IMF-SDR is probably an attempt to create ANOTHER level of fronts for the bankers at the global level - hoping people will be gullible enough to buy the same trash in the new globalist package.

Uh, because we're not dismantling "Too Big To Fail", of course.

The many must be sacrificed so that the few can continue to get bonuses, you know.

I don't know is more disturbing about turbo timmy, His strange, expressionless, massive crooked forehead cross eyed, disturbing mug.


Or is pseudo-intellectual, monotone, robotic, using big words just so you don't question his intelligence, condescending, cranial fecal matter spewing voice of his.

I honestly think he is a cyborg. No other good explanations I can think of.

This one's better (with apologies to Gary Larson)

esday, April 13, 2010
THE NUMBERS - YOU WON'T LIKE 'EM
By
Neal Boortz
@ April 13, 2010 8:52 AM Permalink | Comments (32) | TrackBacks (0)

In honor of tax week, I figured I would give you some insight into exactly how much of the wealth that you have created Washington is spending ... and how they are spending it. The folks at the Heritage Foundation have the details.

* In 2010, Washington will spend a record $31,406 per household.
* In 2010, Washington will collect $18,276 per household in taxes.
* The $13,130 difference between spending and revenue is our budget deficit per household ... on top of all prior government debt.
* Since 2008, government spending has increased by $5,000 per household. That's in just two years folks.
* Over the last decade, government spending has increased $10,000 per household.

Now, considering that Washington spends $31,406 per household .. what exactly is the breakdown? The Heritage Foundation also has that information for us. Here are the highlights:

* Social Security/Medicare: $9,949 per household
* Defense: $6,071 per household
* Antipoverty programs: $5,466 per household
* Unemployment benefits: $1,640 per household
* Interest on the federal debt: $1,585 per household
* Veterans' benefits: $1,052 per household
* Federal employee retirement benefits: $1,018 per household
* Education: $914 per household
* Highways/mass transit: $613 per household
* Health research/regulation: $550 per household
* Mortgage Credit: $470 per household
* All other federal programs justice, international affairs, natural resources, the environment, regional development, farm subsidies, social services, space exploration, air transportation and energy: $2,078 per household

At the same time that our government has seen fit to spend more money that it has ... the number of non-payers (there are people without income tax liability) has increased by 59% in less than a decade. The number of non-payers grew from 32.6 million in 2000 to 51.6 million in 2008. At the same time, the total number of tax filers only grew by 10%.

This is simply unsustainable. Don't you get it my friends? Our country absolutely cannot survive this slide into fiscal hell. We're at the point where only a minority of working Americans actually pay for the operation of our Imperial Federal Government. Tell me ... how do you ever get those people to actually pay their share of the cost of our government again? They're on the dole now. They're moochers. Do you actually think they're going to sit back and allow the rest of us to make them taxpayers again? Are you serious? They think they deserve a free ride. It's their "right!"

Broken record time folks. I let this mortgage crisis sneak up on me. With just a little thought I would have seen it coming, but I was blind to what was going on with Fannie Mae and Freddie Mac. Won't let this happen again with our national debt and failed tax structure. We're on the road to fiscal destruction. Frankly, I think that there are some politicians who put us on this road intentionally. They want the free market system destroyed so it can be replaced by a centrally-planned government economy. We may have two elections to save this country .. but I think it would be dangerous to wait until 2012. This is it. November 2nd. Time to take off the sports jerseys, put down the video game controllers, cancel your subscription to US Weekly, change the channel from Entertainment Tonight to a news channel ... and get ready to fight for freedom. The job will certainly be easier for you than it was for Washington's troops 230 years ago, but the situation is no less serious.

Sorry, Neal, we are NOT goin' to get this done at the ballot box.

Oh, go ahead and vote out as many as possible, but there is a never-ending supply of new roaches waiting behind the kitchen walls to scamper forth. The system itself needs to be fixed (restored, actually.)

Quote:

Sorry, Neal, we are NOT goin' to get this done at the ballot box.

Oh, go ahead and vote out as many as possible, but there is a never-ending supply of new roaches waiting behind the kitchen walls to scamper forth. The system itself needs to be fixed (restored, actually.)

At the risk of adding myself to (more?) goveernment lists... Amen, 100% correct.

Too few people are willing to vote their conscience. They insist that they must vote for an R or a D, because those are the only ones who are going to win. They don't want to "throw their vote away".

Just think what would happen in this country if more people became willing to "throw their vote away" and vote for third-party and independent candidates who truly reflected their beliefs?

I don't know about you guys, but these SDR's really scare the **** out of me.

The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries' official reserves. Its value is based on a basket of four key international currencies, and SDRs can be exchanged for freely usable currencies. With a general SDR allocation that took effect on August 28 and a special allocation on September 9, 2009, the amount of SDRs increased from SDR 21.4 billion to SDR 204.1 billion (equivalent to about $ 321 billion).

Quote:

SDRs can be exchanged for freely usable currencies

so, if I'm reading this correct, the IMF can print up a billion SDRs and have a claim on US Dollars?

Quote:

Backdoor payment to China.

Looks like China wants some from Uncle Sugar as well.

http://www.bloomberg.com/apps/news?pid=2....

Oh, what's a few billion...

Whoever has capital and contributes the greatest % will make the rules, i.e. the reason for my previous post. If we are "broke", i. e. they are unwilling to accept dollars at current exchange rates, then we become Greece and either accept the "new" exchange rates or go it alone. Whoever has real capital, (and I'm not sure who that is, if anyone), foreign reserves and ongoing trade surplus will be in the strongest position. Please, no nuke responses.

Not that I condone violence or anything, but I honestly think I would jump for joy upon hearing news that any one of these rat bastards was shot in the back of the head.