12/8/10

Bird Brains…

By: Andrea Shea King
The Radio Patriot

A page from Big Fur Hat’s Big Book of Bird Brains at RIGHTNETWORK

Text by G. Vanderleun

Do NOT miss it.

Species: Massive Bill Vulture (Scumsukingus Pigus)

Habitat: Casinos, union halls and wherever fine graft is served

Voice: The faint susurration common to all fork-tongued reptiles. Amplified.

Diet: Livers of American children yet unborn.

Range: Assisted living facilities from Georgetown to Reno.

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Oh, and soooo much more. Absolutely hysterical… 8)

12/8/10

Financial News Update – 12/8/10

Jim Rogers: “All Of You Who Have MBAs Have Made Mistakes” And You Should Be Farmers Instead

Obama Compares GOP To Hostage Takers And Bomb Throwers While Begging Democrats To Support Tax Deal

LIVE: Full Coverage Of Ireland’s Austerity Budget Debate

The Bulls Blow It, While Bonds Get Routed: Here’s What You Need To Know

Jim Rogers: “Bernanke Has Been Wrong Every Time He’s Opened His Mouth”

Federal Employees Say Insider Trading Probe Escalates — Twelve Firms Have Now Been Subpoenaed

It’s Sad To Read This Story About Iceland In An Irish Newspaper

CHART OF THE DAY: In Case You Didn’t Realize Investors Have A Voracious Hunger For Risk

A Deep Walkthrough Of An America That’s One Accident Away From A Deflationary Nightmare

Rally Fades During Speech, As Obama’s Fury Makes Plain The Potential For Tax Deal To Fall Part

Deutsche Bank Explains Why The Payroll Tax Holiday Is A Game Changer, And Could Push GDP To 4.1%

Bank Of Ireland And ATM Systems Fail, Customers Unable To Access Cash

Offshoring Tsunami And QE3: A Perfect Storm For Stagflation

Jim Rickards: At Least One Swiss Bank Has Started Refusing To Hand Over Physical Gold To Clients

Silver rises above $30.00/Huge movements in silver comex/Bernanke on CBS 60 minutes (Hat Tip: Brian B.)

Tax deal and spending plan face a hectic finish for Congress

Overhaul of Oil Industry Urged

Overhaul of Oil Industry Urged

More Health Waivers

RBS Issues Warning that China Credit is About to Burst (Hat Tip: Jean Stoner)

U.S. Fiscal Health Worse Than Europe’s: China Central Bank (Hat Tip: Jean Stoner)

Illegals Are Breaking the Bank (Hat Tip: Brian B.)

Jim Rogers: Fed understates inflation (Hat Tip: Brian B.)

Wanna see who’s exempt from Obamacare? (Hat Tip: Jean Stoner)

LOCKERBIE BOMBER SET FREE OVER OIL DEAL? MORE FROM WIKILEAKS

Meet the new boss, same as the old boss…

Jim Rogers: ‘Britain is totally insolvent’ (Hat Tip: Jean Stoner)

Falling T-Bond Threatens Illusion of Fed Control

E pluribus buffoonum? Congress slams Obama (Hat Tip: Brian B.)

Obama fights Dems to defend tax-cut deal (Hat Tip: Brian B.)

CFTC: Profiles In Courage

Aussie taxpayers foot $4 million bill for O show visit

Plunging Home Prices Fuel Property Tax Appeals Swamping Cities, Towns

Food Stamp Rolls Continue to Rise

SHOCK POLL: Americans Believe China Has Surpassed USA in Economic Strength

‘U.S. fiscal health worse than Europe’s’

Reid tries to add online poker to tax bill

Barone: While his base rages, Obama faces tax-cut reality

Liberals Try to Prevent Pelosi From Bringing Tax Bill to House Floor

Lowest pay raise for military in nearly 50 years

WAL-MART To Install Wine Vending Machines; Customers Must Take Breathalyzer Test To Buy

Obamacare waivers double in just 3 weeks

Morning Bell: You Have To Pass This Amnesty To Find Out What Is In It

Iran (Not) So Far Away

Here Are The Real Numbers Behind That Tax Deal That’s Way Smaller Than Advertised

EU Finance Leaders Just Called Trichet’s Bluff

California Deficit May Reach $28 Billion, Brown Says

MasterCard’s Website Besieged After Network Cuts Off WikiLeaks

Wall Street Asks Agencies to Slow Down on New Derivatives Rules

Banks in Europe Fail Stress Tests With No Authority

Wal-Mart Plans to End Extra Pay in U.S. for Sunday Shifts

Report: Tough Times Far From Over for States

Keith Olbermann Compares Obama’s Tax Deal to Nazi Appeasement (Video)

Holder & Vilsack Insist They Will Fight Pigford Reparations Fraud

Sen. Mary Landrieu: Allowing Wealthy Americans to Keep Their Money Is “Almost Morally Corrupt”

Hope & Change… 14% of Americans Now on Food Stamps

Small-Biz Killers: Who Pays for Jobless Benefits?

Berzerkley vs. America, Part 99,999

Senate DREAM Act cloture vote today, 4pm Eastern; Update: New House bill introduced

So much for bipartisanship: Obama calls GOP “hostage-takers,” Boehner a “bomb-thrower;” attacks lib critics, too

Why Democrats And Republicans Are Both Wrong About The Bush Tax Cuts

Report: Soros Calls Beck a Throwback to Wild and Crazy Radical Elements

Dems Suddenly Worried About Foreign-Owned U.S. Debt

SurvivalBlog:

Reader G.W. wrote to mention that the Coin Debasement Modernization Act passed on November 30th. It is now waiting President BHO’s signature. I’ve been warning folks about a likely change in the composition of the U.S. Nickel (Five Cent coin) for more than three years. This may be your last chance to get real nickels at no premium over their face value and without the effort of any sorting. (Once a coin composition change takes places, it will become labor intensive, just as it did with pennies.)

Was There A Big Recession Warning Buried Inside This Week’s ISM? Jason’s comment: “Looks like manufacturing being purchased for inventories ratio is a good indicator of what’s to come.”

MERS: The Mortgage Database That’s Clouding Millions of Titles

U.S. Government Debt Monetization

Why Governments Will Buy Silver

Jobs Rebound Will Be Slow

Bernanke Doesn’t Rule Out QE Exceeding $600 Billion. (Of course he doesn’t! Note that Bernanke stonewalled congress for more than a year about announcing the size of the bank bailouts, and the roster of recipients. It was only last week that we found out that it was actually $9 trillion in taxpayer-guaranteed loans, lent to just a handful of big banks at ridiculously low interested rates.

12/8/10

Tony Demasi and the Media Part I

By: Michael Volpe
Chicago Elections 2011

This is the first in a three part series to run all week of the story of the rise and fall of Tony Demasi, the former owner of two of Chicago’s hottest nightclubs, Reserve and Crescendo.

One night during the heyday of the refinancing boom, Alderman Walter Burnett, once a car thief and now the Alderman of the 27th Ward, was having a few drinks in the then new staple of Chicago’s nightclub scene Reserve, which just happened to be located in the West Loop neighborhood of his ward. It was relatively early in the evening. Not too many folks were yet around but one was the owner, Tony Demasi.

“Tony, I’ve got a great valet guy you can use,” said Burnett.

“Thanks sir, but I’m happy with my valet guy,” Demasi responded.

“He is the valet guy all the businesses use in MY ward,” Burnett responded.

“My valet guy is also a friend of mine so I think I’m fine sir,” Demasi countered.

“He will be here tomorrow at 6,” Burnett insisted.

Tony Demasi had a problem. He was being shaken down by an alderman who’d once stolen cars for a living. When Burnett was in his teens, he was the look out for a car theft ring. Upon getting out of Cook County Prison, he got into politics and was now an alderman. His story is generally viewed as one of redemption. Another way to look at it is that Burnett figured out that the real gangsters were in politics and Demasi was getting a first hand look at this sort of gangsterism.

read more…

12/8/10

“Tomorrow, When the War Began”

By: Trevor Loudon
New Zeal

A trailer for a new Aussie movie “Tomorrow, When the War Began.”

Young Australians turned into hardened guerrillas by an invading army.

Most Westerners believe that we will never fight for our freedom on our own soil.

Most think that the last 60 years of comparative peace has been normal – rather than the historical aberration it unfortunately is.

They also forget that the main guarantor of that peace, a rich and well armed U.S., is now under major threat.

Unless the U.S. can be turned around, films such as this one, will become documentaries.