First up is an article from Zero Hedge - Portugal Considers Paying Public Workers In Treasury Bills Instead Of Cash. There are a lot of people out there who are willing to talk about how the currencies are being destroyed and other economic news not in the mainstream; but, I differ with most of them in that I am not trying to sell gold and I do not believe we are going to go to a gold backed currency standard. I am not promoting the man's site or the opinions, I did however find the Portuguese possibilities interesting. It is basically the same approach as the FDIC/Bank of England approach, pay people in stock in part. Treasury bonds are basically stock in the government.
South China Morning Post - China looking at direct yuan trade with Australian dollar. Just another country ceasing to rely on the dollar for foreign trade.
Wired - Now Your iPhone Can Read Fingerprints, Scan Irises and ID Your Face. Well, I never saw that coming. Okay, I said it was coming for the past few years. All we need now is a legal case that states that even though the police can freely examine your smart phone, they will not be able to force you to bio-metrically identify yourself to your phone as that would be like being forced to incriminate yourself and that is unconstitutional. Remember, the new phones know when you are looking away and will stop movies or do whatever else you want when you look away.
ars technica - Polynesian DNA mysteriously shows up in a Brazilian tribe. In college, undergraduate, my professors wanted me to go into teaching, they wanted me to join them in the big family of Political Science professors. Getting into Law School was ridiculously easy. Aside from the fact that I was actively invited to a law school, one of my recommendations came from a professor who had been quoted by the Supreme Court. But, all the other professors wanted me to teach and one of them in particular wanted me to be the expert on Polynesian governance and consequences of our intervention.
Part of my fascination with the Polynesians was there ability to travel 1/3rd of the world in canoes. It has always been my contention that the Polynesians must have landed in the Americas; but, traditional anthropologists and archeologists have said that it never occurred. Well, it did. According to the above article Polynesian DNA has been shown in a Brazilian tribe from the other side of Brazil. There was another man named Thor Heyerdahl who had similar beliefs. The article is funny because it turns out even with the genetic evidence, mainstream science does not wish to accept that the Polynesians came to the Americas. It is enough genetic evidence to convict a rapist; but, not enough to prove the obvious. Did you know that they found paintings of elephants in South America even though there is no evidence it ever had elephants?
I like geologists and materials testers. I like geologists because they are science guys with a sense of humor and they are fascinated by rocks. They are like science kids, they like to deal with the tangible. I like the tangible; but, I love philosophy more, I like that which you have to weigh on a moral scale, those are the tough questions and the ones that define who we are and who we want to be. There is a geologist that was asked by Archeologists to determine the age of the Sphinx. He looked at the erosion on the Sphinx and determined it was around 10,000 years B.C. when Archeologists claim it to be around 4,000 years old. He pointed out that the erosion on the Sphinx was due to water and that there had not been water in the area for 12,000 years. The Archeologists attacked him and said he knew nothing about Archeology or Egyptology, he admitted he did not, he just knew about rocks. He had no hidden agenda. That is what I like about Geologists. It is just a rock; but, even the rock tells a story and it cannot make one up.
I gave a sermon a little bit ago, I talked about the coming economic problems. One of the congregation asked me what they should do and I told them that it did not really matter what they did. One of the pastoral staff, after the service, said my sermon didn't quite work. He said he expected me to tell some biblical principal and then tell people how we should act on the principal. He was confused that I had no advice for how to respond to the coming economic problems. Sometimes the answer is just that you should understand what is going on in the world, sometimes it is about being discerning and mentally prepared. I don't ever want my readers to be overly agitated about the changes going on around us, they cannot stop them and neither can I.
The three beliefs that I promote that really upset people are faith, forgiveness and celibacy outside of a lifelong commitment to your partner. I have already said that I do not believe government sanctioned marriage is marriage just because the government sanctioned it. Faith is annoying because it only really exists if we live by what we say we believe. Marriage commitment is annoying because it means that government sanction or not, if you sleep with someone you become one with them. Forgiveness is the hardest for most because we so often treasure our anger and our resentment. We all get angry; but, it becomes an idol when we treasure our anger.
The question is always the same, what agenda have we hidden from ourselves. Why is it so hard to believe that the Polynesians could have come to the Americas. Why is it so heretical to think that the Sphinx may be older than tradition says? What is the answer that we are really afraid of? I shall try and write more often. Have a great week.
Tuesday, April 9, 2013
Wednesday, April 3, 2013
Some News That is Not New
I try and keep up on interesting news; but, as I was saving links for the last week, I didn't post them all because I really wanted to post the IMF, FDIC-Bank of England document and the other financial stuff. I am going to try and just flood you with interesting stuff and minimal commentary.
Before I get into the links, my take on the North Korean "threats". The head of the country is the young son of the previous dictator. He has already ousted some of the leading military leaders under him, this was most likely done to prevent a coup. He is now setting out to show the people of North Korea that he is more modern (mainly through his wife's wardrobe) and prove to the people of North Korea that he is not afraid of the United States. All his threats are for internal consumption and he is mostly being ignored by the United States government. Reports say that China is approaching North Korea's border, this is not to antagonize the west as China really likes becoming the number one economy, it is being done to let the United States know that if North Korea does attack anyone, the Chinese will step in and put an end to it without us needing to invade. This is actually going to be seen by the military in North Korea to show that their president is not as supported as he would like them to think. This is abundantly clear if anyone reads about how the North Korean actions are being reported in China where they call him "little fatty".
Everyday Health - Electronic Health Records: Doctors Want to Keep Patients Out. Now, the press is acting like it is a bad thing that doctors don't want to let patients see all their health records; but, I agree with the doctors. I went to a therapist for awhile, I actually miss seeing him, wonderful man. Anyways, he took notes, the note were not for me, they were his thoughts so that he could remember what he thought when I was talking. They were not a diagnosis, they were working papers. You don't want to create a situation where your doctor is afraid to consider different things.
CNN - How your movements create a GPS 'fingerprint'. They make it sound like this something new that has only come to light because of GPS tracking, it is not, this is something that law enforcement and intelligence has known for a very long time. It is breaks in your pattern that cause people to take a second look. The only thing that has changed is that this information can be automatically collected on anyone with a cell phone or has a chipped dog.
Business Without Borders - The birth of a global currency. Nope, we are going to have a single international currency. The rise of the Yuan stories are there to scare us all into accepting the international currency rather than the Yuan. It is simple, the Chines no longer need to trade in dollars, they trade in goods. If the Chinese suddenly said that they would only accept Yuans, that would completely kill the dollar and they don't seem to want to do that in that manner. They will agree to an international currency instead.
International Business Times - Computer Fraud And Abuse Act 2013: New CFAA Draft Aims To Expand, Not Reform, The ‘Worst Law In Technology’. This law outlaws the "unauthorized access" of computers according to the article. The article goes on to say that it outlaws the access of information over the internet for "impermissible uses". This means that information you access, even though it is legal to access it, can be made criminal if you plan on using it in a wrong manner. Lets say that you were a pedophile who used to download child porn and the court prohibited you from using the internet. If you borrowed your friends computer to look at pictures of clothed children, you would have violated both laws. We might all be okay with that; but, firstly it sounds like double jeopardy and more importantly, this same law could be wildly misused. Lets say I was mad at my wife and said I was going to get her and then I went online to look at buying a gun. They could call that actions in furtherance of a crime and charge me with attempted whatever. Thought crimes.
RT - Facial recognition and GPS tracking: TrapWire company conducting even more surveillance. I don't feel like summarizing it, you can read one lousy article.
Christian Science Monitor - UPS to pay $40 million for illegal drug deliveries. This is just to remind you that non-postal service deliveries are not protected.
Wired - Pentagon’s Mad Scientists Want a Tattoo That Tracks Troops’ Vitals. Hey, I wrote about these tattoos before and the medical aspect.
Before I get into the links, my take on the North Korean "threats". The head of the country is the young son of the previous dictator. He has already ousted some of the leading military leaders under him, this was most likely done to prevent a coup. He is now setting out to show the people of North Korea that he is more modern (mainly through his wife's wardrobe) and prove to the people of North Korea that he is not afraid of the United States. All his threats are for internal consumption and he is mostly being ignored by the United States government. Reports say that China is approaching North Korea's border, this is not to antagonize the west as China really likes becoming the number one economy, it is being done to let the United States know that if North Korea does attack anyone, the Chinese will step in and put an end to it without us needing to invade. This is actually going to be seen by the military in North Korea to show that their president is not as supported as he would like them to think. This is abundantly clear if anyone reads about how the North Korean actions are being reported in China where they call him "little fatty".
Everyday Health - Electronic Health Records: Doctors Want to Keep Patients Out. Now, the press is acting like it is a bad thing that doctors don't want to let patients see all their health records; but, I agree with the doctors. I went to a therapist for awhile, I actually miss seeing him, wonderful man. Anyways, he took notes, the note were not for me, they were his thoughts so that he could remember what he thought when I was talking. They were not a diagnosis, they were working papers. You don't want to create a situation where your doctor is afraid to consider different things.
CNN - How your movements create a GPS 'fingerprint'. They make it sound like this something new that has only come to light because of GPS tracking, it is not, this is something that law enforcement and intelligence has known for a very long time. It is breaks in your pattern that cause people to take a second look. The only thing that has changed is that this information can be automatically collected on anyone with a cell phone or has a chipped dog.
Business Without Borders - The birth of a global currency. Nope, we are going to have a single international currency. The rise of the Yuan stories are there to scare us all into accepting the international currency rather than the Yuan. It is simple, the Chines no longer need to trade in dollars, they trade in goods. If the Chinese suddenly said that they would only accept Yuans, that would completely kill the dollar and they don't seem to want to do that in that manner. They will agree to an international currency instead.
International Business Times - Computer Fraud And Abuse Act 2013: New CFAA Draft Aims To Expand, Not Reform, The ‘Worst Law In Technology’. This law outlaws the "unauthorized access" of computers according to the article. The article goes on to say that it outlaws the access of information over the internet for "impermissible uses". This means that information you access, even though it is legal to access it, can be made criminal if you plan on using it in a wrong manner. Lets say that you were a pedophile who used to download child porn and the court prohibited you from using the internet. If you borrowed your friends computer to look at pictures of clothed children, you would have violated both laws. We might all be okay with that; but, firstly it sounds like double jeopardy and more importantly, this same law could be wildly misused. Lets say I was mad at my wife and said I was going to get her and then I went online to look at buying a gun. They could call that actions in furtherance of a crime and charge me with attempted whatever. Thought crimes.
RT - Facial recognition and GPS tracking: TrapWire company conducting even more surveillance. I don't feel like summarizing it, you can read one lousy article.
Christian Science Monitor - UPS to pay $40 million for illegal drug deliveries. This is just to remind you that non-postal service deliveries are not protected.
Wired - Pentagon’s Mad Scientists Want a Tattoo That Tracks Troops’ Vitals. Hey, I wrote about these tattoos before and the medical aspect.
Tuesday, April 2, 2013
The Future of the Dollar and why it must fall
I have been reading articles talking about how the Russians, Chinese, Brazilians, Indians, Australians and other countries are moving away from using the dollar as the world's reserve currency. Many are complaining that these countries are turning their backs on us; but, that is not a fair comment. Why should they use the dollar as the reserve currency when we are inflating it?
Imagine this scenario. Your neighbor lends you $1,000, you take that money and buy yourself a television set. You are supposed to pay your neighbor $110 a month for ten months; but, each month you delay paying him, you actually pay him less because inflation is going at 20% a month. You are cheating your neighbor by paying with money that is worth less than the value of the money at the time you borrowed it.
Now lets consider what went on with our economy and the dollar. After World War II the oil producing nations agreed to only use dollars when people bought oil. So, if China wanted to buy oil they had to have dollars. After going off the gold standard, the dollars ceased being backed by anything other than a trust that the United States would produce more valuable goods to be sold oversees than it produced dollars.
Ever since the 70s this has been and less true as we have sent our industry oversees where there was cheaper labor and less control over environmental concerns. The same is true for England. The 70s in England were horrifying with very high unemployment and the elimination of their industrial infrastructure. Instead of manufacturing things, England and the United States began making their money from other countries by controlling the world's financial transactions. Basically, banking and insurance. By scamming the financial industry, these countries were able to buy cheap manufactured goods and getting a percentage on all the transactions; but, it also meant higher unemployment and less and less use for lesser skilled employees. It increased the separation between the wealthy and the poor. Only those involved in the financial section really benefited.
Warren Buffet saw this coming and warned us about it. He noticed that CEOs were paid whether the companies succeeded or not based merely on their manipulation of the stock market. The businessmen involved in manufacturing stopped understanding their businesses because they were replaced by "financial experts" who made more from financial transactions then they did from running manufacturing companies well. This was glaring clear in the case of General Motors which made more from servicing loans (including home loans) than they did from manufacturing cars. That is a bad business plan for any country. This led to corporate raiders, people who would take over companies just to sell off the parts for short term gains.
Because the dollar was the world reserve currency, we could get away with cheating other nations and playing the inflation game; but, that time is now coming to an end and we don't have any way to pay our debts with goods or labor (and in the end money is merely a promise of future goods or labor). Cyprus basically made it's money in a similar manner, it was laundering foreign money for a price. As the day of reckoning comes there are only so many options.
We could pay off our foreign debt by selling our natural resources or our infrastructure. We could pay off our debt by eliminating social programs and turning into a third world nation where half our population lives without the basics. We could tax the wealthy more. The truth is taxes and the elimination of social programs will still not give us enough to pay off our debts. The last choice is to declare national bankruptcy, refuse to pay our debts. Now if America defaults on it's national debt, who would ever lend us money (buy treasury bonds) in the future? Why would the rest of the world allow the US and England to control the financial industry? They wouldn't and then we have no industry of significance. No work and no income.
The housing bubble was intentional as I said many years ago. It came into being after 911 when the inherent weakness in the western economies became apparent. The solution was to create an artificial bubble in the economy, the last hurrah of the west. People made insane amounts of money building, buying and selling and other things related to the housing bubble. We were manufacturing houses using Americans and selling at continually inflated prices that had nothing to do with someone's ability to pay. These debts were then packaged and sold to banks worldwide. These bad debts were called derivatives. Because of the housing bubble bursting (people not paying their mortgages), these derivatives have lost much of their value.
So I ask again, why should foreign countries want to buy dollars when we have nothing to sell them that is as valuable as what they sell us? If you lived in China, would you want to trade your labor for dollars when you cannot buy anything with them from America and you can buy oil without using dollars?
The world will and is going off the dollar standard. The question now becomes what replaces it so that international trade will continue. The choices are a gold backed Chinese Yuan or an international standard for currency that no longer allows for individual nations to manipulate the value of the currency. This discussion is being played out for those who don't understand economics in the media. The arguments over ending welfare or reducing the military or increasing taxes are merely theater.
Imagine this scenario. Your neighbor lends you $1,000, you take that money and buy yourself a television set. You are supposed to pay your neighbor $110 a month for ten months; but, each month you delay paying him, you actually pay him less because inflation is going at 20% a month. You are cheating your neighbor by paying with money that is worth less than the value of the money at the time you borrowed it.
Now lets consider what went on with our economy and the dollar. After World War II the oil producing nations agreed to only use dollars when people bought oil. So, if China wanted to buy oil they had to have dollars. After going off the gold standard, the dollars ceased being backed by anything other than a trust that the United States would produce more valuable goods to be sold oversees than it produced dollars.
Ever since the 70s this has been and less true as we have sent our industry oversees where there was cheaper labor and less control over environmental concerns. The same is true for England. The 70s in England were horrifying with very high unemployment and the elimination of their industrial infrastructure. Instead of manufacturing things, England and the United States began making their money from other countries by controlling the world's financial transactions. Basically, banking and insurance. By scamming the financial industry, these countries were able to buy cheap manufactured goods and getting a percentage on all the transactions; but, it also meant higher unemployment and less and less use for lesser skilled employees. It increased the separation between the wealthy and the poor. Only those involved in the financial section really benefited.
Warren Buffet saw this coming and warned us about it. He noticed that CEOs were paid whether the companies succeeded or not based merely on their manipulation of the stock market. The businessmen involved in manufacturing stopped understanding their businesses because they were replaced by "financial experts" who made more from financial transactions then they did from running manufacturing companies well. This was glaring clear in the case of General Motors which made more from servicing loans (including home loans) than they did from manufacturing cars. That is a bad business plan for any country. This led to corporate raiders, people who would take over companies just to sell off the parts for short term gains.
Because the dollar was the world reserve currency, we could get away with cheating other nations and playing the inflation game; but, that time is now coming to an end and we don't have any way to pay our debts with goods or labor (and in the end money is merely a promise of future goods or labor). Cyprus basically made it's money in a similar manner, it was laundering foreign money for a price. As the day of reckoning comes there are only so many options.
We could pay off our foreign debt by selling our natural resources or our infrastructure. We could pay off our debt by eliminating social programs and turning into a third world nation where half our population lives without the basics. We could tax the wealthy more. The truth is taxes and the elimination of social programs will still not give us enough to pay off our debts. The last choice is to declare national bankruptcy, refuse to pay our debts. Now if America defaults on it's national debt, who would ever lend us money (buy treasury bonds) in the future? Why would the rest of the world allow the US and England to control the financial industry? They wouldn't and then we have no industry of significance. No work and no income.
The housing bubble was intentional as I said many years ago. It came into being after 911 when the inherent weakness in the western economies became apparent. The solution was to create an artificial bubble in the economy, the last hurrah of the west. People made insane amounts of money building, buying and selling and other things related to the housing bubble. We were manufacturing houses using Americans and selling at continually inflated prices that had nothing to do with someone's ability to pay. These debts were then packaged and sold to banks worldwide. These bad debts were called derivatives. Because of the housing bubble bursting (people not paying their mortgages), these derivatives have lost much of their value.
So I ask again, why should foreign countries want to buy dollars when we have nothing to sell them that is as valuable as what they sell us? If you lived in China, would you want to trade your labor for dollars when you cannot buy anything with them from America and you can buy oil without using dollars?
The world will and is going off the dollar standard. The question now becomes what replaces it so that international trade will continue. The choices are a gold backed Chinese Yuan or an international standard for currency that no longer allows for individual nations to manipulate the value of the currency. This discussion is being played out for those who don't understand economics in the media. The arguments over ending welfare or reducing the military or increasing taxes are merely theater.
Detroit and Stockton, who decides?
Short post; but, something that has been on my mind. I have read lots of stories about how because Detroit is so bad off, the state is going to take them over. This is quite legal as cities and towns are merely "creatures of the state". They get a state charter to exist. In California, the City of Stockton is seeking bankruptcy in Federal court. This means that the State of California must have consented to the city declaring bankruptcy and is willing to let a federal judge determine how a city in California will be run. Most of the chatter in the media is about whether or not the judge will take public pension funds (that are not city owned) and use them to pay down the city's debt. The bigger question is why the state is not taking over Stockton and managing it, itself. Think about this, can a state declare bankruptcy? If they did, the federal judge could put whoever he wanted in as governor (under the title of financial manager or whatever). I don't believe a state can declare bankruptcy unless it abdicated it's roll as a state.
Now here is the thing. Would you think it was okay if the federal judge took 5% of all the bank accounts in Stockton to pay the city's debts? You would be outraged. Stockton does not have it's own pension plan, it places the employees and city's contributions into the state plan. It is a private bank account, for the employees that is managed partly by the state. It is it's own entity, it is not controlled or owned by the City of Stockton. But, Stockton is owned by the state, all cities are in California.
This is one to watch. Stockton itself is small and meaningless, just like Cyprus. It is the precedent that is being set that tells the tale. In 1975, New York City was looking at declaring bankruptcy, the Teachers Pension Fund lent it $150 million (quite a lot at the time). Today, New York would like to not pay in to the same fund. People here are just arguing over whose bank account gets robbed and that is a shame. It is also a distraction from the biggest issue, the federal government controlling local governments with the permission of the state.
Now here is the thing. Would you think it was okay if the federal judge took 5% of all the bank accounts in Stockton to pay the city's debts? You would be outraged. Stockton does not have it's own pension plan, it places the employees and city's contributions into the state plan. It is a private bank account, for the employees that is managed partly by the state. It is it's own entity, it is not controlled or owned by the City of Stockton. But, Stockton is owned by the state, all cities are in California.
This is one to watch. Stockton itself is small and meaningless, just like Cyprus. It is the precedent that is being set that tells the tale. In 1975, New York City was looking at declaring bankruptcy, the Teachers Pension Fund lent it $150 million (quite a lot at the time). Today, New York would like to not pay in to the same fund. People here are just arguing over whose bank account gets robbed and that is a shame. It is also a distraction from the biggest issue, the federal government controlling local governments with the permission of the state.
Sunday, March 31, 2013
Very Important Post - Banking
The Pimpernel is in sort of a state of shock. I just read a paper that was jointly done by the Bank of England the FDIC. I am going to post a link to the paper. Resolving Globally Active, Systemically Important, Financial Institutions. And here is another paper on the same thing. Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL . I will try and explain what they say; but, to assist here is an article that simplifies it. Counterpunch - The Confiscation Scheme Planned for US and UK Depositors.
Here it is in a nutshell. Basically, they are saying that we are going to see large systematic failures in the banking industry. The solution will be to have the FDIC remove the bank management, liquidate the debt and give the banks to the depositors through stock exchanges. They are going to pretty much do the same thing that was done in Cyprus. I do not know when this is going to happen; but, it is coming.
I have written before about how many countries restrict people's ability to pay in cash for things above a certain amount. There is not enough actual cash in the world in relationship to the debt. While I have been expecting these things to occur, I am still somewhat stunned to read it in their own words. The documents say that they have been working on these things for a few years. This is also not surprising considering the IMF's plan. Wikipedia - The Chicago Plan Revisited or you can read the actual document from the IMF's own website (something I have posted before). IMF - The Chicago Plan Revisited.
Don't bother trying to take all of your money out of the banks. It won't do you any good. Remember the Chicago Plan calls for changing to a new currency, you will have to trade in your dollars for the new currency and I bet if you have it in cash, they won't let you convert more than a certain amount. Please do not be overly disturbed by what is coming. There is absolutely nothing you can do. And here is an article that I find very interesting. Business Insider - David Stockman Is Outraged — And A Lot Of Powerful People Won't Like What's In His New Book.
We are going to completely change the way banking and the world's economy works. Sorry, I am at a loss for words and am still trying to process what I read. I will try and keep my readers informed as things transpire. One thing is clear to me, if a bank is taken over by the depositors, they are really going to want you to pay back your debts. People will not find their neighbor declaring bankruptcy acceptable. They are also going to be much more restrictive on people getting loans.
Here it is in a nutshell. Basically, they are saying that we are going to see large systematic failures in the banking industry. The solution will be to have the FDIC remove the bank management, liquidate the debt and give the banks to the depositors through stock exchanges. They are going to pretty much do the same thing that was done in Cyprus. I do not know when this is going to happen; but, it is coming.
I have written before about how many countries restrict people's ability to pay in cash for things above a certain amount. There is not enough actual cash in the world in relationship to the debt. While I have been expecting these things to occur, I am still somewhat stunned to read it in their own words. The documents say that they have been working on these things for a few years. This is also not surprising considering the IMF's plan. Wikipedia - The Chicago Plan Revisited or you can read the actual document from the IMF's own website (something I have posted before). IMF - The Chicago Plan Revisited.
Don't bother trying to take all of your money out of the banks. It won't do you any good. Remember the Chicago Plan calls for changing to a new currency, you will have to trade in your dollars for the new currency and I bet if you have it in cash, they won't let you convert more than a certain amount. Please do not be overly disturbed by what is coming. There is absolutely nothing you can do. And here is an article that I find very interesting. Business Insider - David Stockman Is Outraged — And A Lot Of Powerful People Won't Like What's In His New Book.
We are going to completely change the way banking and the world's economy works. Sorry, I am at a loss for words and am still trying to process what I read. I will try and keep my readers informed as things transpire. One thing is clear to me, if a bank is taken over by the depositors, they are really going to want you to pay back your debts. People will not find their neighbor declaring bankruptcy acceptable. They are also going to be much more restrictive on people getting loans.
Saturday, March 30, 2013
The News is Merely Propaganda Anymore
A whole bunch of news stories for you dear readers. Lets get right to it. Wait, wait, I forgot something. I saw my accountant (tax filing) and my attorney today. It was so nice to see the both of them, real dolls and very good at what they do. I was actually asked to right a book on accounting and a book on public easements. I did not write either and probably never will. I don't really need an accountant to file my taxes, I am more than capable. It is only in the last few years that I have relied on professional help and I like it. Less stress in my life and I was blessed with wonderful people who have helped me move on. My accountant had the best news in the world for me, with my tax return, I will be able to pay off the last my debts.
When I divorced, I was left with all the debt, about $350,000 worth. I was able to get a Deed in Lieu, that excused about $290,000 of the debt. In the last four years I have paid it down to about $5,000 and I will pay that off as soon as I get my tax return. My attorney watched all this happen and it was really nice to be able to tell her that I am paying it all off this year. Let me go back, to get a Deed in Lieu you have to basically prove that a change in your life circumstance makes it impossible for you to pay them back and they take the house back in exchange for whatever you owe, a complete forgiveness with no blame attached. Basically, you have to prove you were a good guy. I did not know how rare these are anymore, I recently read that in the last few years only 14,000 have been granted and I was one of those. The number of foreclosures is in the millions. It makes little difference from a credit standpoint; but, it was important to me personally that I make every effort to pay my debts. If the mortgage processing company had not taken over two years to process the paperwork, the house would have been worth as much as I owed. Anyways, my attorney could not have been more happy for me to finally be debt free. She hugged and kissed me (on the cheek). The thing that makes my people so special to me is that they actually care about me and in truth I actually care about them. Now to the news.
Yahoo - Associated Press - Golden Gate Bridge to go to digital toll system. They have automated toll paying on the Golden Gate Bridge, cheaper and more efficient then using people, now, we just film everyone going over the bridge. Trading privacy for cheaper rates. Selling our rights for cheap discounts. LOL.
Bloomberg - Miles-Driven Could Replace Gasoline Tax, LaTourette Says. I have written about this too many times, it is coming. We are not going to tolerate unrestricted travel in the future, we will price you out of it.
Yahoo - CNBC - American Dream Is Back, So Are Stocks: CNBC Survey. Things are not getting better, there is no reason for the stock market to rise other than to crash it, steal you money when you sell and trick you.
Huffington Post - 5 Body Modifications That Can Give You A Sixth Sense. Three cheers for transhumanism.
More to come.
When I divorced, I was left with all the debt, about $350,000 worth. I was able to get a Deed in Lieu, that excused about $290,000 of the debt. In the last four years I have paid it down to about $5,000 and I will pay that off as soon as I get my tax return. My attorney watched all this happen and it was really nice to be able to tell her that I am paying it all off this year. Let me go back, to get a Deed in Lieu you have to basically prove that a change in your life circumstance makes it impossible for you to pay them back and they take the house back in exchange for whatever you owe, a complete forgiveness with no blame attached. Basically, you have to prove you were a good guy. I did not know how rare these are anymore, I recently read that in the last few years only 14,000 have been granted and I was one of those. The number of foreclosures is in the millions. It makes little difference from a credit standpoint; but, it was important to me personally that I make every effort to pay my debts. If the mortgage processing company had not taken over two years to process the paperwork, the house would have been worth as much as I owed. Anyways, my attorney could not have been more happy for me to finally be debt free. She hugged and kissed me (on the cheek). The thing that makes my people so special to me is that they actually care about me and in truth I actually care about them. Now to the news.
Yahoo - Associated Press - Golden Gate Bridge to go to digital toll system. They have automated toll paying on the Golden Gate Bridge, cheaper and more efficient then using people, now, we just film everyone going over the bridge. Trading privacy for cheaper rates. Selling our rights for cheap discounts. LOL.
Bloomberg - Miles-Driven Could Replace Gasoline Tax, LaTourette Says. I have written about this too many times, it is coming. We are not going to tolerate unrestricted travel in the future, we will price you out of it.
Yahoo - CNBC - American Dream Is Back, So Are Stocks: CNBC Survey. Things are not getting better, there is no reason for the stock market to rise other than to crash it, steal you money when you sell and trick you.
Huffington Post - 5 Body Modifications That Can Give You A Sixth Sense. Three cheers for transhumanism.
More to come.
Tuesday, March 26, 2013
Transportation is More Important Than Guns
So the two biggest news stories right now, the ones that are really interesting people are guns and gay marriage. The conservatives have something to be passionate and stupid about and the liberals have the same, things to be passionate and irrational about. We will not see guns outlawed in the United States and we will see gay marriage. Something for everyone and completely missing the point. You are being distracted by things that will go exactly as I have said. At the same time, there is practically no reporting on the impending doom of the Euro, something that will impact you greatly.
While I was at work today I asked people what they knew about Cyprus and they didn't even know it was a country. I did not ask one or two people, I asked many. The most important story right now is what is going on in the Eurozone. Read my posts for the past week and read the links, then, check on what is going on today. This is important stuff. Tomorrow gays will still have sex with one another and people will still have their guns; but, if we see a bank run, we are in for a full blown depression. More people protested in France against Gay Marriage then protested about the economy and the French love a good protest.
Now here a couple of little news articles. Yahoo - Associated Press - Golden Gate Bridge to go to digital toll system. They have automated the toll system for the Golden Gate Bridge, this is wonderful, now we will need you to have a transponder on your car to pay, we will know when you go of and off the bridge and everywhere else you go; but, we will save money and get rid of those nasty civil servants.
Bloomberg - Miles-Driven Could Replace Gasoline Tax, LaTourette Says. I have written about this for years now, it is coming. Every mile you travel will be taxed if you use a car. Worry about your guns and worry about gay marriage; but, they are coming for your mobility and that limits what information you can pass on in person. It pushes you to use the internet to communicate and all internet traffic is monitored on some level.
The last little article is simply deceitful. Yahoo - CNBC - American Dream Is Back, So Are Stocks: CNBC Survey. It is just deceitful and willfully so. The economy is not better, the stock market is being inflates so that people will buy stock high and sell it low when the Euro implodes. If you do buy stock, hold on to it and wait for the market to recover. As for the housing market, it is horrible and it is going to get worse. They are not building homes for the marginal and people with good jobs are still buying, that is why the market is going up. It is because those who do have money are moving up.
While I was at work today I asked people what they knew about Cyprus and they didn't even know it was a country. I did not ask one or two people, I asked many. The most important story right now is what is going on in the Eurozone. Read my posts for the past week and read the links, then, check on what is going on today. This is important stuff. Tomorrow gays will still have sex with one another and people will still have their guns; but, if we see a bank run, we are in for a full blown depression. More people protested in France against Gay Marriage then protested about the economy and the French love a good protest.
Now here a couple of little news articles. Yahoo - Associated Press - Golden Gate Bridge to go to digital toll system. They have automated the toll system for the Golden Gate Bridge, this is wonderful, now we will need you to have a transponder on your car to pay, we will know when you go of and off the bridge and everywhere else you go; but, we will save money and get rid of those nasty civil servants.
Bloomberg - Miles-Driven Could Replace Gasoline Tax, LaTourette Says. I have written about this for years now, it is coming. Every mile you travel will be taxed if you use a car. Worry about your guns and worry about gay marriage; but, they are coming for your mobility and that limits what information you can pass on in person. It pushes you to use the internet to communicate and all internet traffic is monitored on some level.
The last little article is simply deceitful. Yahoo - CNBC - American Dream Is Back, So Are Stocks: CNBC Survey. It is just deceitful and willfully so. The economy is not better, the stock market is being inflates so that people will buy stock high and sell it low when the Euro implodes. If you do buy stock, hold on to it and wait for the market to recover. As for the housing market, it is horrible and it is going to get worse. They are not building homes for the marginal and people with good jobs are still buying, that is why the market is going up. It is because those who do have money are moving up.
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