The funniest part of this very funny revelation is the comments section.
ok ... hit this while working today and was interrupted while still in the first couple seconds of trying to processes it ... just got back to it 8 hours later ... awesome. I just might have to make this for the kids.
Update: Tried this and the kids absolutely loved it. They call them spaghetti spiders.
Dozens of bystanders are being praised for their part in saving a motorcyclist's life in Logan Monday morning. A nearby camera captured them pulling the man out from under a burning car.
Outstanding! This helps renew my hope in my fellow humans ... bravo.
The science is now all-but-settled on global warming, convincing new evidence demonstrates, but Al Gore, the IPCC and other global warming doomsayers won't be celebrating. The new findings point to cosmic rays and the sun -- not human activities -- as the dominant controller of climate on Earth.
So ... it turns out there is this huge ball of fire out there that is causing all the warming ... who knew?
... America's fiscal default is inevitable. First, our national debt of $14.7 trillion amounts to $47,667 for each man, woman, and child in our nation. Is Johnny going to be able to write a check for that figure any time soon? Moreover, if you factor in future "obligations" (Social Security, military expenditures, etc.) and subtract expected revenues from them, the shortfall is a whopping $211 trillion. This state is called "insolvency" -- on steroids -- and it means that the feds will ultimately default not just on foreign creditors but also on what it has "promised" to our fellow citizens. This is simply a fact -- and no amount of head-in-sand wishing will change it.
As for efforts at austerity, they will be too little, too late. This is for a simple reason: Far too many of us are addicted to spending.
As precise and concise a summary of our fate as can likely be written. This is a must read.
"Until the debt is cleared and capital starts to be properly allocated, economic growth per unit of additional debt will continue to sour. Until we get some real breakthrough technology, requiring large amounts of capital to both innovate and then roll out, we have no chance of supporting the economy." Too bad than that this absolutely spot on observation reflects precisely the opposite of what the Fed is pursuing. Which is why, all else equal, and it will be unless the Fed is finally eliminated from existence, America, and the entire western way of life, is doomed... But don't take our word for it. Here is Andy.
Very thorough take on things.
QE1 and QE2, plus incredible efforts at regulatory stimulus, plus oceans of fake money created by Ben Bernanke, plus sea-level interest rates haven't done anything but damage. Economic opportunities are being shut down for an entire generation. Free enterprise -- and therefore all prosperity -- is struggling for its very life.
--This is all due to the one thing that Bush, Obama, the Republicans, the Democrats, and every existing major media mogul agrees was the right thing to do: correct market trends, stabilize and then stimulate the macroeconomy. One word: fail.
to quote one of my favorite blogs, "The end of the great Keynesian experiment is upon us. Prepare accordingly."
Twenty-plus kids from the youth group sobbed uncontrollably and prayed on the sand during the search, a truly heart-wrenching sound. It was then at least another 15 minutes or so before rescue swimmer Eduardo Mendez spotted Ostrander, and he and swimmer Will Green were able to grab him and pull him aboard a jet ski.
Seconds later at the shore, Doug Knutzen carried him up to where paramedics were waiting to treat him. They were on the beach for another 10 minutes trying to revive him. I think it's safe to say that everyone was certain Ostrander was dead. But the crew continued to work on him, and apparently once they got to the hospital they were able to get a weak pulse and get him breathing again.
Praise God! What an amazing story during a time of complete insanity elsewhere.
NEW YORK (CNNMoney) -- Amid fears the United States risks default if lawmakers don't raise the debt ceiling on time, some are suggesting President Obama could save the day by big-footing Congress.
How? By invoking the Constitution and directing Treasury Secretary Tim Geithner to keep borrowing even if it means going past the statutory borrowing limit.
Really? They say default -- and by extension, the debt limit -- violates the 14th Amendment.
So Obama and the Libs have an escape valve. They'll let the deficit hawks jump up and down and pretend to threaten to force the country into default knowing that even if they do lose control of things, in the end, Obama can just say that the way he reads the constitution, he must continue to print money. If this doesn't convince you that we are already past the point of no return, you're not paying attention.
While I spend a lot of time highlighting TPTB's plan to form a world government, currency and central bank that doesn't mean I think they will succeed. In fact, just as Wall Street played their hand too aggressively after being bailed out and are now going to go down for the count this round, The Powers That Be have also played their hand way too aggressively and not only will their dream of planetary control through a global fiat money system run by them completely fail, but their policies will fail so spectacularly and publicly that it will lead to what I call "peak government." Governments right at the moment are as big as they will ever be in our lifetimes. This is in my opinion a great thing for humanity and freedom but the transition to more localized rule of law will be tricky. We must be rational and help the sheep out as their world crumbles around them. They will be scared and looking for mommy. Governments won't be in a position to help so we will need to do the heavy lifting.
This is a very interesting take and definitely fits the data. His final point is worth emphasizing. Your world is going to start shrinking soon and you will need to help those around you come to terms with it. Don't only learn how to get through this yourself, figure out how how you will teach others.
A strong conservative voice expressed through fun and interesting recommendations. Highly recommended.
There's a lot going on in this deceptively simple chart so let's take it one step at a time. First, "Total Credit Market Debt" is everything - financial sector debt, government debt (federal, state, and local), household debt, and corporate debt - and that is the bold red line (data from the Federal Reserve).
Next, if we start in January 1970 and ask the question, "How long before that debt doubled and then doubled again?" we find that debt has doubled five times in four decades (blue triangles).
Then if we perform an exponential curve fit (blue line) and round up, we find a nearly perfect fit with a R2 of 0.99. This means that debt has been growing in a nearly perfect exponential fashion through the 1970's, the 1980's, the 1990's and the 2000's. In order for the 2010 decade to mirror, match, or in any way resemble the prior four decades, credit market debt will need to double again, from $52 trillion to $104 trillion.
Finally, note that the most serious departure between the idealized exponential curve fit and the data occurred beginning in 2008, and it has not yet even remotely begun to return to its former trajectory.
This explains everything.
The great unwinding is coming. Prepare accordingly.
The U.S. Treasury next month will go back to relying on the kindness of strangers like never before to purchase the nation's burgeoning debts -- and taxpayers may have to pay higher interest rates to attract enough foreign investors, analysts say.
Though a significant rise in interest rates could be toxic for a softening U.S. economy, the Federal Reserve has said it will end its program of purchasing $600 billion in U.S. Treasury bonds as planned on June 30. The Fed is estimated to have bought about 85 percent of Treasury's securities offerings in the past eight months.
That leaves the Treasury, which is slated to sell near-record amounts of new debt of about $1.4 trillion this year, without its main suitor and recent source of support, and forces it back into the vagaries of global markets. Among the countries that will have to step forward to prevent a debilitating rise in interest rates are China, Japan and Saudi Arabia -- and even hostile nations such as Iran and Venezuela with petrodollars to invest, according to one analysis.
I predict they won't find buyers at palatable rates and the Fed will go back to monetizing the debt until it kills the dollar. Interesting to watch but from an individual standpoint irrelevant. The practical answers for us (you reading this and me) are these: Gold & silver, a personal food supply, ammunition and a good relationship with your neighbors ... seriously.
I refuse to partake in his political grandstanding that will ultimately do nothing for debt reduction and job creation.
And he doesn't need any more than 1.
For nearly 30 years we have had two Global Strategies working in a symbiotic fashion that has created a virtuous economic growth spiral. Unfortunately, the economic underpinnings were flawed and as a consequence, the virtuous cycle has ended. It is now in the process of reversing and becoming a vicious downward economic spiral.
As president, Obama has never missed a single opportunity in hiring, funding, or in any other way to promote unlimited, free access to abortion at any stage of pregnancy. This should come as no surprise since, as an Illinois State senator, he opposed legislation that would make it a crime to deny care to babies who survived abortion.
Every judicial and cabinet appointment relevant to the abortion issue has been unmistakably pro-abortion. Every foreign policy spending bill includes money, now liberated by Obama's immediate reversal of the Mexico City Policy, for international performers of and promoters of abortion. Every time he has had any opportunity to expand access to and funding for abortion, Obama has done exactly that.
Serious people have stopped pretending Obama is pro-choice and wants to limit the number of abortions. As the 2012 election begins, Catholics who still consider the pro-abortion president to be a champion of "social justice" should be challenged to explain their defense of the president. Those of us who want to believe the best of these Catholics' intentions deserve clear answers as to how anyone can still defend his record on life and justice issues, which as the Church understands it, are inextricably linked.
Not only is it impossible to be both Catholic and 'pro-choice' it is becoming increasingly clear that it is impossible to be Democrat and pro-life. You Dem Catholics need to reflect on this long and hard. It was already the case that not ONE pro-life member of your party, once they reach the national stage (to wit: Stupak, Manchin, Gore, Nelson, Casey, etc, etc, etc.) has been allowed to keep their pro-life stance in any practical sense. Now there can be no denial that voting for Obama was a vote to kill more babies. He has proven himself beholden to Planned Parenthood and their mission of making billions killing as many poor and minority babies as possible. How complicit in this atrocity are you? Can you honestly believe that your party will ever do anything but advocate for the unmitigated destruction of inconvenient people?
Can anyone stop out of control governments from eternal deficits, money printing and bailing out the banks and other cogs of the financial system of today? The answer is yes, someone can: Everyone. And they are.
Buy and keep physical gold and silver in your possession. It is the only way to legitimately fight the real forces of evil in this world.