The “will of the people” is an American myth.
"Clueless": It’s never a good thing when another country calls your financial policy clueless. It’s particularly bad if that other country is one of the world’s leading economies. It’s even worse when it happens to be right. The fact that the rest of the world is beginning to see through the US charade suggests that the future is not going to be pretty.
Terminal: It is inevitable. In the end you might as well relax and enjoy being ogled and felt up patted down by a bunch of ex-convenience store clerks. Wear a hospital gown and some paper slippers.
Body cavity searches are only for flights of over 3 hours.
President Dangerfield? All Obama brought home from his 10-day trip was a lousy T-shirt and a bunch of postcards. South Korea – which is still a US military outpost – refused to sign a free trade deal with the US, even though it has done so with Europe (and an Asian free trade area is in the works). The G-20 ignored the US agenda, especially on 'rebalancing' currencies. Is the fat lady practicing her scales?
Mulligan: John McCain says he isn't willing to accept the Pentagon study showing that US troops are ready for DADT to be repealed because it came up with the wrong answers.
Revisionism: The banks are encouraging Obama and the Washingtonians to retroactively legitimize the defacto replacement of county courthouses with the privately operated MERS system. No more old fashioned paperwork filed and recorded in deed books, a permanent paper track of who owned what property. States are suing MERS and the bankers claiming they are owed several billion in unpaid mortgage recording fees. The banks say they don't need no stinking paperwork and want Washington to rule that they don't need to pay all those filing fees. After all, who needs the money, Wall Street or all those county budgets out in the hinterland?
Dithering: The Obama administration has decided not to decide to try KSM while continuing not to decide to decide not to try him and the other alleged 9/11 co-conspirators. The same decision not to decide has also been made concerning possible trial by military commission at Guantanamo. At least they decided something.
Good News for Dieters: "In 20 years chocolate will be like caviar. It will become so rare and so expensive that the average Joe just won't be able to afford it."
No Confidence: “... with no solutions, all kinds of strange creatures started creeping out of the shadows. ...fraud has become a recognized if not quite admired way to wealth. The political system is probably heading toward a real breakdown. If you want a happy ending, you probably shouldn’t follow our political system too closely in the next few years. Go see a Disney movie.”
Easy Come, Easy Go? Civilizations do not collapse for a single reason but rather from a confluence of systemic crises like the seven confronting us: climate change, energy shortage, economic upheaval, terrorism, growing food insecurity, over population and a highly militarized world. But we're all worried about getting our Social Security in 2047.
Bias: The more effort that goes into preparing a meal, the better it tastes... to the cook.
Scratch That One: Now the genetic geniuses have let loose male mosquitoes with an altered gene which causes their potential offspring's gene-reading machinery to malfunction, causing the embryo to mutate and die. Don't worry, they're only going to release a few million of these critters into the environment - the altered gene won't get begin disrupting the development of human embryos for at least a decade.
Essay Question: In as few words as possible (one will probably do) explain why 7 of the 10 richest counties in the US are those surrounding the District of Columbus.
CKM, I love your stuff but don't know why you're trumpeting whatever the German finance minister says ("clueless").
The article says things like . . .
"By setting near-zero interest rates, the Fed has established that money in this country has no real value"
P U H lease . . . these guys are so worried about runaway inflation, when the real spector is deflation.
Looks like a job for the Robberts Kourt.
Meanwhile, how many States are borrowing how much $$$$ from the very Feds who want MERS and, of course, VAT? The Creditor might exact terms from the Debtor States, like MERS and VAT acceptance.
Am I the Lone Ranger in being hyper-aware of how frequently VAT is calmly being inserted into the daily dialogue?
""Clueless": It’s never a good thing when another country calls your financial policy clueless. It’s particularly bad if that other country is one of the world’s leading economies. It’s even worse when it happens to be right. The fact that the rest of the world is beginning to see through the US charade suggests that the future is not going to be pretty."
And the sheeple have no idea even at this late date. Once retirement funds are confiscated and more currency controls are put in place they may get a small clue. A debt problem can never be fixed with more debt, but we act like this is the first time in history instead of the truth which is that all fiat Empires die in the end. Period!
No Empire has ever lasted more than 40 years once the Empire went 100% fiat, and next year the bell tolls for thee Amerika. The other day someone had the gall to say we are different. LOL!
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