Showing posts with label US capital. Show all posts
Showing posts with label US capital. Show all posts

Monday, February 15, 2010

For God and Country


"Let each citizen remember at the moment he is offering his vote that he is not making a present or a compliment to please an individual -- or at least that he ought not so to do; but that he is executing one of the most solemn trusts in human society for which he is accountable to God and his country." --Samuel Adams, in the Boston Gazette, 1781




A lawyer phoned the governor’s mansion shortly after midnight. “I need to talk to the governor, it’s an emergency!” exclaimed the lawyer. After some cajoling, the governor’s assistant agreed to wake him up. “So, what is it that’s so important that it can’t wait until morning?” grumbled the governor. “Judge Pierson just died, and I want to take his place,” beg the attorney. “Well, it’s OK with me if it’s OK with the mortuary,” replied the governor.

Wednesday, July 22, 2009

Obama promotes socialism during speech.


Nope, can’t do it. I apologize but this man is not my president. I will not support or condone his agenda to destroy America. This man, his beliefs and political policy, if adopted, will lead to the total down fall of what we call freedom in the United States.
Never before would I say or think such a thing about this country or it’s leader. Not even Bill Clinton or Jimmy Carder could have arouse such a feeling of betrayal in me.
If you listen to Obama last night, you can have no doubt to his plan of action. He will take over health care. You will not have choices as to your treatment or your doctor. You will not have private medical options or even the option to pay for different treatment. This was clear in his response to questions! He will break the best medical system in the world and do so, for the benefit of gaining power and control over your lives. He and liberals believe that you are to stupid to make choices or decisions on your own. If you trust your family, your job, your money and your future to Obama…he will promise to take care of you. The sad thing is, many people living in America embrace this idea as good and caring. They want to be taken care of, to be provided for, to have life’s decisions taken away from them so they won’t have the chance of failing on their own. Without failure, there is no victory. No feeling of accomplishment or pride. Without those basic feelings for a man, he will lose himself, fall into the trap of compliancy. No different than a male animal that has been castrated. Once Obama has completed the operation on Americans, this country as we know it will no longer exist.
My friends, not only did he want to control the health care system, he wants to cap what the private sector can do. He wants to expand government so that it competes more directly with the private capitalist system that we have. How would you like to compete with a business that can change the laws to benefit themselves and if in financial trouble, can just print more money and blame any short comings on someone, anyone, but themselves.
I heard Obama blame the banks and corporate America for the crises, for making bad loans that could not be paid back. He never mentioned that the US government mandated that those loans must be made, (every American should be able to own a house). This government program told the banks to loan money to people they would not have loaned to before. These customers were at risk and the banks did not want to make those loans. The liberals called this discrimination, guaranteed those loans and made it very clear that if the banks refused to make such a loan, the bank itself would be held in contempt of the declared policy. Not good for banks!
Bottom line, banks made bad loans, congress blames the banks and Obama cashes in.
Obama now owns banks, owns an automobile manufacture and is after the insurance industry.
Just how much will you let the government control?
The United Sates was built on the ideas of our fore fathers. Are those the ideals that we follow today?
REREAD THEM!!!

Wednesday, June 3, 2009

Belly up to the Obama bar and understand markets

An Easily Understandable Explanation of Derivative Markets
Heidi is the proprietor of a bar in Detroit. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with new marketing plan that allows her customers to drink now, but pay later.
She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).
Word gets around about Heidi's "drink now, pay later" marketing strategy and, as a result, increasing numbers of customers flood into Heidi's bar. Soon she has the largest sales volume for any bar in Detroit.
By providing her customers' freedom from immediate payment demands, Heidi gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages. Consequently, Heidi's gross sales volume increases massively.
A young and dynamic vice-president at the local bank recognizes that these customer debts constitute valuable future assets and increases Heidi's borrowing limit. He sees no reason for any undue concern, since he has the debts of the unemployed alcoholics as collateral.
At the bank's corporate headquarters, expert traders transform these customer loans into DRINKBONDS, ALKIBONDS and PUKEBONDS. These securities are then bundled and traded on international security markets. Naive investors don't really understand that the securities being sold to them as AAA secured bonds are really the debts of unemployed alcoholics.
Nevertheless, the bond prices continuously climb, and the securities soon become the hottest-selling items for some of the nation's leading brokerage houses.
One day, even though the bond prices are still climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Heidi's bar. He so informs Heidi.
Heidi then demands payment from her alcoholic patrons, but being unemployed alcoholics they cannot pay back their drinking debts. Since, Heidi cannot fulfill her loan obligations she is forced into bankruptcy. The bar closes and the eleven employees lose their jobs.
Overnight, DRINKBONDS, ALKIBONDS and PUKEBONDS drop in price by 90%. The collapsed bond asset value destroys the banks liquidity and prevents it from issuing new loans, thus freezing credit and economic activity in the community.
The suppliers of Heidi's bar had granted her generous payment extensions and had invested their firms' pension funds in the various BOND securities. They find they are now faced with having to write off her bad debt and with losing over 90% of the presumed value of the bonds. Her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 150 workers.
Fortunately though, the bank, the brokerage houses and their respective executives are saved and bailed out by a multi-billion dollar no-strings attached cash infusion from the Government. The funds required for this bailout are obtained by new taxes levied on employed, middle-class, non-drinkers.
Now, do you understand?

Saturday, April 11, 2009

Gun Control

An interesting letter in the Australian Shooter Magazine this week, which I quote: "If you consider that there has been an average of 160,000 troops in the Iraq theater of operations during the past 22 months, and a total of 2112 deaths, that gives a firearm death rate of 60 per 100,000 soldiers.
The firearm death rate in Washington, DC is 80.6 per 100,000 for the same period. That means you are about 25 per cent more likely to be shot and killed in the US capital, which has some of the strictest gun control laws in the US, than you are in Iraq. Conclusion: The US should pull out of Washington."