The Declaration of Independence, A blast from the past

Following is part of a post we first made in July of 2007.  We updated and clarified parts and re-posted on January of 2009.  Now in 2011 we post it again word for word since the only thing that has changed is the name of the players while sadly the game remains the same. 

The Declaration of Independence, Where do we stand now and what will we do?

Following is part of a post we made on July 5th, 07.  We suspect that not many read it then and not many will read it now, despite the fact that it is more relevant today than it was when we first posted it.

So why would we re-post it? Well hell it should be fairly apparent by now that we love pissing in the wind.   But also because despite our constant rants an raves we are eternal optimists. Not to mention a bit delusional as it is our hope that it may motivate just 1 or 2 more to wake up and realize that the sky isn't falling, it has crashed!

and so here ya go from Independence day Redux and anew:

I have nothing to offer but blood, toil, tears and sweat.

Winston Churchill
 

Yet from the working class, the Government would ask more! rc

Student Loan forgiveness, Another slap in the working class face-Enough

The Student Loan Program is our next financial time bomb. It could equal or surpass the real estate debacle. It could surpass Bank Bailouts. Because now the government wants the American tax payer to bail out college students who can not afford to pay US, you and I back! Truly the most glaring example that America is a system of social stratification and social restriction.

SEE:   Obama's Upcoming Student Loan Announcement
 66% Oppose Forgiveness Of Student Loans
QE4 - forgive the students


IT IS GOING TO HAPPEN!  So first they destroy the Unions/collective bargaining, the last defenders of working class rights. Now they want to make the working class pay to educate the next generation of the wealthy?  This ain't right people.  More on the details are to be released tomorrow.

If YOU, members of the working class have any voice left, we suggest you use it now to yell just as loud as you can.Add to Technorati Favorites

And now the American working class gets to bail out Europe

Following are just a few of our posts mentioning the IMF, Europe and the continuing raping and pillaging of the U.S. Taxpayer.
Treasury Secretary lies, We are going down with Europe
So how do like it now that we are bailing out Europe
2008 Redux, Western Banks take over the world
How far from economic bondage
Follow the Bailout Money, It's in Greece. China to the rescue???

On June 24, 2008 we posted: The perfect Storm, how fast can everything go to hell? Or how we ...
Which we ended with,

Remember the 70's? remember the .com crash? Remember the devastation of the NASDAQ? Remember that thing called the depression? Remember today, because the the time is coming when this will be considered the good ol days. The insanity of it all is we all fiddled while Rome burned.

Today Reuters news reports the following:

Exclusive: IMF considering participation in EU bailout fund

By Jan Strupczewski and Francesca Landini

BRUSSELS | Tue Oct 25, 2011 12:43pm EDT

(Reuters) - The International Monetary Fund is considering taking part in a special investment vehicle being proposed by the euro zone bailout fund but has not made a decision yet, euro zone officials said on Tuesday.

"The IMF has indicated that they are considering it -- they have not taken a position," one euro zone official said. "It will all depend on the whole package."

Euro zone leaders are expected to approve a plan on Wednesday to increase the fire power of the European Financial Stability Facility, a 440 billion euro bailout fund, without euro zone countries having to put more money into it.

Under the plan, the EFSF would create a special purpose investment vehicle (SPIV) which would issue debt and use the proceeds to buy bonds of distressed euro zone sovereigns on the secondary market or extend loans to at-risk governments.

The SPIV would be open to private capital, sovereign wealth funds and the IMF to add their funds, according to the proposal seen by Reuters.

"The IMF is a possibility -- they could be one of the investors, they could be the host of this fund," a second euro zone source said.

"They have not agreed yet, but they have not ruled out this possibility. We have to define it better -- there would have to be a political agreement that this is something we would like to do and then we could talk with the IMF and the others," the second official said.

A third official said the IMF was ready to set up an administrative account for the EFSF with the Washington-based international institution. IMF shareholders and possibly sovereign wealth funds could put money into the account to help the euro zone.

Such a move would probably be easier and quicker than creating an SPIV and would provide more flexibility.

The third source said there were talks between the head of the IMF, Christine Lagarde, and European Union leaders about this technical option to raise money for the EFSF. Lagarde was until four months ago France's economy minister.

"An administrative account based at the IMF could be created easily since it will need only the IMF board approval to start, then it could act quickly and with little involvement of the IMF board provided it follows the guidelines given by the contributors," the third official said.

(Additional reporting by Lesley Wroughton,; Writing by Jan Strupczewski; editing by Luke Baker)

The American taxpayer provides the largest share of funding for the IMF.  If U.S. debt did not surpass GDP, i.e. What we owe versus what we produce, today,  we will most assuredly do so shortly.

So though the Reuters story was labelled, "exclusive" we find nothing about exclusive.  It was nothing more than anther road sign on the yellow book road to the Land of Oz. And we all know where that led, to the biggest illusion ever perpetrated.  Though Oz was the creation of a little girls dreams.  It would appear we are not so fortunate.Add to Technorati Favorites

 

No more dangerous time in Americas history since the Civil War

On thursday, Sept. 11, 2008 we posted the following, Be Afraid, be very Afraid, for it is a fools game and we played it. In it we played a little game wherein we outlined events that sounded very much like America at the time.  On Sunday, September 14, 2008 we posted,  The truth behind the "Be very afraid post". In it we documented the rise of Hitler and Nazi, Germany.  The country behind the "Be Afraid" Post that sounded so much like America. At that time, Steve Newton, a Professor of History and Political Science and founder of the Blog, the Delaware Libertarian linked to the posts with the recommendation to his readers that they read it asap.  Today on Zero Hedge you can find the post,

Ray Dalio On Whether The Current "Hopeless, Mob-Rule Deleveraging " Can Lead To The Ascent Of Another "Hitler".  Ray Dalio received an MBA from Harvard and has had a long successful career as a hedge fund manager.  He founded Bridgewater Associates. He was not predicting the rise of another Hitler, but commenting how circumstances and events are ripe for one to come along.

 

Now we do not put ourselves in the same league as Ray Dalio, Zero Hedge, or the Delaware Libertarian and Mr. Newton.  The best we could do was get kicked out of a couple of high schools and had to finish up at night in our twenties. And no, we are not psychic either.  But we do read.  Considering the cow dung presented as news on the Major Networks and cable channels we have found reading to be quite necessary if we were to learn the truth of anything.  Sometimes I read long boring stuff because it might just contain something I  may wish or need to know.  I spend a lot of time reading Zero Hedge and other stuff  I don't understand half of.  But what I do understand has value.  Reading can help you to learn the truth of today. If you do not limit it to forwarded, forwarded, forwarded e-mails.  I suppose I could  better things with my time.  Wash my motorcycle maybe. But considering the current status of America I feel it an obligation to read even more.