A blog about News.
Real Name: Buster Buster Date of Birth: June 23, 1909 Member Since: March 14, 2006 Last Signed In: September 30, 2008 Profile Views: 9619 Blog Views: 37822 The 1 trillion dollar bail out is just another liar loan. Let them eat cake. Paulson now wants to also buy up bad credit card debt. TK says: idiotic. The time has come to save capitalism from the capitalists." Obama Surges McCains, 'Country First'. Apply it to the petro industry. Nationalize them! Why isn't America's life style for it's people. Too Big To Fail? TK's energy story. TK's want list... Cityranch, Too bad you didn't read the blog I re-posted below. Sarah Palin Has Failed in Her Primary Role as Commander-in-Chief of the Alaska National Guard Palin's Pay Cut as Mayor Followed by a Raise September 06 October 06 November 06 December 06 January 07 February 07 March 07 April 07 May 07 June 07 July 07 August 07 September 07 October 07 November 07 December 07 January 08 February 08 March 08 April 08 May 08 June 08 July 08 August 08 September 08 October 08 "Ideas are more dangerous than guns. We don't let our people have guns. Why should we let them have ideas?" --Josef Stalin 
RSS 2.0    Share!
|
|
|
Hey Money, The financial experts say that the Bond insurers crises is much worse than Enron. Unemployment applications up..... Pulte homes, 800 million dollar write down in Q4. Consumer spending up only .2%. Capitalist on CNBC are screaming for greater Fed regulation. Yet word from MBIA CEO Dunton. The leader in the race to a depression. Causes a 250 point rise in the DOW. WHY? Is this institutional manipulation of the market?
Money page. Read the tripe you publish..
With regards to your article on the petro shortage.
Have you been reading the blogs.
We have been shipping California grade fuel to Chile and Asia. Have you questioned as to whether any of this fuel being exported was produced using the Alky process.
Just because a shill for the Multi National petro Czar drops of some ink that looks like good page filler.
Doesn't mean it should be published.
If one drop of alky process fuel is being shipped overseas at a time of war. A time of shortage. That is treasonous act. Nationalization of any organization that would put America's security at risk during time of War. Is imperative.
When they were Babies..
I remember awakening in the middle of the night, because they had stopped snoring. I would have to get up out of bed to go feel their breath.
The middle one is now driving. He past his test today.
I am not sure if the freedom from the responsibility of delivering him at his whim.
Will be worth the worry of him out on his own.
Oh well, progress. I guess he deserves to grow up.
Be especially attentive on the Road. There is another TK loose on California highways...
Romney destroys McCain tonight.
Paul twists the knife.
America will not support McCain's 100 year war. This topic of 100 years of war will continue to the end. McCain made a foolish thought public. And will not serve as president because of it.
Paul is right. There is no money for even another year of war at the level we are at today. It is unwise to endorse the impossible.
Don't be fuelish. The American refined gasoline and diesel being shipped to Chile and Asia today. Will be returned to America as pretend Chilean diesel and Asian gasoline. It will be resold to American's in the spring, at inflated prices, when over 35% of Americans refinery capacity is purposely taken off production. This will not be the normal turn around. This will be a purposeful reduction in supply at spring time in America. The storage capacity on American soil has been surpassed. The shipment of gasoline and diesel for the sole purpose of greed. For the sole purpose of foreign petro Car enrichment. Is a process that must be denied. If necessary it must be attacked by the threat of nationalization. The Czar prayers for the destruction of the American petro infrastructure by hurricanes and foreign wars, have gone unanswered. Their greed is going unsupported by the facts. We must act now.
Round One. National security V. foreign nation interests and greed.
The National security thing to do is to reduce crude imports from our enemies. Reduce imports from Venezuela and their dictator Chavez. America's Gasolines supplies are at their highest levels since 1994. 'In addition, tankers full of California-grade gasoline are being sent to Asia and other destinations and diesel is being shipped to Chile -- all to shrink supplies, Lipow said. ' The petro czar is raising prices in America. Not securing America's future. From a National economy point of view. You must stop imports from OUR ENEMIES AND FORCE THE PRICE OF CRUDE DOWN. As far as your petro stocks. Keep your stocks. Why would you want to sell them. Under nationalization, petro stocks in Russia are rising in value faster than stocks in multi national foreign owned petro institutions.
Nationalization is not socialization. It is a restatement of the goals of the corporation. It is re-defining the governance of the corporation. It makes certain that the home nations preservation exceeds the rights of the foreign interests of the corporations. It maintains that the nation must not be denuded of it's value for the sake of the enrichment of a few. The petro institutions in Russia run in a nationalized capitalist system and are now the most profitable petro corporations on earth.
The State of North Dakota at this moment is in the process of developing a state owned refinery. State run, (government) water, gas and power companies are firmly entrenched in America. The LA Dept of Water and Power a glaring example in our own back yard.
The right wing position on this subject disappoints me. If America has wheat flowing in the streets. Would you import wheat from Castro? From Venezuela's Chavez?
Outside of national security and financial reasons. The next complaint is the obvious lying by the petro Czar. You can not deny that the reason supporting the increased prices of crude of late, has been the perpetual complaint that America has to few refineries. We have a surplus of supply today. Explain that.. I have posted the true statistics since Katrina. I have given the EIA statistics for all to read as proof of my positions. The only period in American history, outside of war, That America has had a true shortage of Crude or refined products is during the OPEC oil embargo of 73-74. Yet today at a time when Americas security is at it's most endangered, we are purchasing this product from our enemy. Not because of desperation. But because of greed. Explain to me why the Right wing conservative can see the national security threat caused by illegal immigration. But he can not see the threat caused by buying crude from and promoting the world recognition of our enemy nations and their rogue leaders. Crude purchased for the enrichment of individuals. Not because of a need for survival of our nation. This is a horrible period in the evolution of American patriotism. Nary a one thought passes through the mind of the right winger that does not circle up in defense of the Foreign corporation with disregard to the health of the nation. Today our political arena is dominated by the fight between the patriot and the Foreign national Corporations demand to hire illegal slave labor. Today we continue to worship the reign of the petro czar by funneling American cash to these greedy industries. And pouring patriotism down the drain. All the energy information is based on increased consumption. Now that consumption is going down. Why are we ignoring it? At todays rate of usage. America has enough fossil fuels for 250 years. (coal gasification, a well known and practiced process). This ignores the fact that America has already begun producing automobiles that run on zero fossil fuels (hydrogen). These vehicles have been available to government agencies for a decade in the form of city buses and other personal transportation vehicles. These non fossil fuel vehicles, (hydrogen), are available to the general public this year. These vehicles are superior to fossil fuels in power and environmental issues. They are no more dangerous than fossil fuels and in fact in rate of dissipation of the danger of fire and explosion they are far superior to fossil fuels. Small hydrogen generators are available for home use today. There is no reason a hydrogen infrastructure can not be made available today using existing Natural gas pipelines. The ugly reality is that foreign interests are hindering American prosperity and progress for their own greedy selfish interests.. Degrading American health and Environment. They are promoting nation building. The worst form of nationalism in the history of mankind.. We invade nations under the advisement of those who control Foreign national corporations. The Trillion dollars spent in Iraq to secure oilfields for the petro czar. Would have built a hydrogen infrastructure in America, Canada and Nations around the world.
Don't let patriotism die.
Stop feeding the lions treats.
When you know that in the end, those lions will wish your children on their dinner plates. You can not satisfy the thirst of greed.
Red, Mexico and Justin here is your proof!!!!
In addition, tankers full of California-grade gasoline are being sent to Asia and other destinations and diesel is being shipped to Chile -- all to shrink supplies, Lipow said.
From:
Are economists stupid or are they shills for the Blue bloods?
The housing market has tanked. Because the loan industry ran out of buyers. Not the housing industry. Everyone still wants a house. But even the loan industry could not justify loans to the rest of the population not already in a home.
The interest rate could be zero. You could have no down payment loans. Nothing matters.
Because there are no buyers whose income justifies the purchase of a home at even half todays home costs. Even on liar loans.
Over 10% of the people in loans today do not have incomes that justify their purchase.
There is no reason to delay the inevitable. The price of homes must drop dramatically. The wage of American workers must increase dramatically.
Or the housing industry will not recover. Property values will continue to plummet.
Farmers will not be able to float loans to buy seeds for the spring.
Depression will come. Not recession..
California Gasoline inventories highest since 1994....
California Gasoline inventories highest since 1994.... (Remember the Bakersfield Shell refinery fiasco?) Refiners are considering sending surplus gasoline to Asia rather than reducing price in California. Per, CNBC 10:04 AM 1/25/2008 West coast Pad Stocks 35.5 million barrels. It has risen every week since March 2007. Yet refinery capacity has been running at less than 90% for most of that time. And Prices have exceeded $3.50 cents /gallon. Demand has been down...
Where is the outrage. This is price fixing for sure.. This is manipulation of supply.. How much money are the refiners willing to lose. In order that they artificially prop up the price of Gas in California. Transportation of Gas to Asia has a cost. Why should we allow them to dump our fuel in Asia? Californians do as Bush said. Do as the economist say. Do as the petro Czar say. We reduce consumption. Then what happens? The petro Czars ship out the surplus in order that they can pocket unearned profits. The capitalist ideal of supply and demand can not survive in a arena where manipulation of supply is condoned. How many years have we heard the excuse that No one will allow a new refinery to be built. Not once were we told that America had to build new refineries to supply Asia. We were told we needed new refineries to supply our own glutenous demand. The first excuse/story resulted in higher prices. The second excuse/story resulted in higher prices. It only follows that there must be another excuse/story to replace the current one. That will result in higher prices. Then some wonder why I claim that nationalization of the petro industry is the only way America can compete in the world market. It is the only way that America will be able to transform itself into a renewable energy source nation. Nationalization is the only way. The important point in this blog is that we have reduced demand. Stockpiles are at a unmanageable level. Yet the Petro Czar's solution isn't to reduce price. Instead he will dump on to Asia. What should be ours. The threat of Nationalization is the solution. If the rules for supply and demand. Aren't weighted against National prosperity. If it is not made clear that the nation comes before the corporation. Then Nationalization is the only way. This is not a new idea for America. It has come to pass in times of trouble. Profiteering at the expense of National security has never been tolerated in America. We import oil from OPEC. This increases the price of Crude. We then process the crude into gas. And are now considering reshipping this gasoline to Asia.. We are considering doing this because we are facing a unmanageable over supply of gasoline. WHY? This has the effect of creating a faux demand by the U.S. for crude and gasoline. And allows the speculators to raise spot prices by manipulating the minds of Americans. If Conservative America wants to become Secure and free from OPEC. Why would we import crude from OPEC to ship to Asia. That just doesn't make any sense. Why would we insist on opening ANWAR If we are going to continue to import from the OPEC so we can export to Asia. Think American National Security. You can not justify importing OPEC crude for refining and reshipment to Asia. Stop putting the Corporation ahead of the Nation. The point of this post is to make that idea known to as many people as possible. And to stop that reshipment in it's tracks.
If you artificially tax the American consumer by inflating the price of gasoline. You are destroying the American economy. Are you a patriot. Or are you a beggar to the multi national petro Czar. The idea of world market is bogus. Markets are always local. If WalMart in Bakersfield is stuck with a 1000 boxes of Christmas lights. WalMart in Bakersfield will run a fire sale. No matter what any other WalMart in the world will do. California has a unmanageable over supply of gasoline. It is unconscionable that anyone would condone the shipment of this gasoline to Asia at the expense of the hard working American patriot. The trooper that has spent 4 tours fighting in Iraq. If you keep the gasoline in America. Gasoline will find it's legitimate price. Where is our decency? Where is our honor? Where is our pride. We speak of the great right wing conservative patriot. Then sell out America to the multi national Petro Czar We have bought gasoline from overseas in the past because we had shortages. We have no gasoline shortage in California. We have a unmanageable gasoline surplus. And we certainly never bought gasoline from over seas to reship to Asia. We don't have enough drilling equipment or pipeline infrastructure to open the Bakken fields in North Dakota or the fields of Montana,Colorado and Wyoming. Fields that hold more than twice the fields of Saudi Arabia. Fields that make Anwar meaningless. Why should we go to the ends of the earth to drill when we can't find equipment necessary to drill in our own back yard. When we have a unmanageable supply of gasoline that must be dumped to the Asian market. Some are praying for 10 dollar a gallon gasoline so that your multi nation petro Czar can steal and rape our veterans that have fought so bravely for your freedom. These petro Corporations are foreign entities. They are not American. Yet they turn their loyalty to them. Their thoughts are getting dangerously close to treasonous. There is nothing Communist or socialist about putting America's success first. Demanding loyalty to America before loyalty to a multi national foreign corporation. Our nation is a Representative Democracy. It is not a Capitalist government, Capitalism is a economic theory that we the people have chosen to serve our nation. Our nations government does not serve or bow to Capitalism. We have bought gasoline from overseas in the past because we had shortages. We have no gasoline shortage in California. And we certainly never bought gasoline from over seas to reship to Asia.
The foreign multi Nationals want to drill on government land and coastal waters. Not because that is the easiest place to drill. But because that is the easiest place to negotiate low lease and royalty payments. Nationalization is a strong difficult step to take. But the Foreign multi national corporations have driven us to the point where we must include nationalization as a tool to control their greed. If proper steps are taken. Nationalization can be avoided. But it must remain a tool. For what ever reason. There are people that are unable to comprehend that the Foreign national petro corporation are just as foreign to American soil as they are to Venezuelan soil. Or any nation in the world. They owe no allegiance to any nation. They are a corporation dedicated to profit. Not patriotism. Do you condone the promotion of Venezuela's President Chavez, by purchasing his oil, for refining and reshipment to Asia? I condemn it....
California Gasoline inventories highest since 1994.... (Remeber the Bakersfield Shell refinery fiasco?) Refiners are considering sending surplus gasoline to Asia rather than reducing price in California. Per, CNBC 10:04 AM 1/25/2008 West coast Pad Stocks 35.5 million barrels. It has risen every week since March 2007. Yet refinery capacity has been running at less than 90% for most of that time. And Prices have exceeded $3.50 cents /gallon. Demand has been down...
Where is the outrage. This is price fixing for sure.. This is manipulation of supply.. How much money are the refiners willing to lose. In order that they artificially prop up the price of Gas in California. Transportation of Gas to Asia has a cost. Why should we allow them to dump our fuel in Asia? Californians do as Bush said. Do as the economist say. Do as the petro Czar say. We reduce consumption. Then what happens? The petro Czars ship out the surplus in order that they can pocket unearned profits. The capitalist ideal of supply and demand can not survive in a arena where manipulation of supply is condoned. How many years have we heard the excuse that No one will allow a new refinery to be built. Not once were we told that America had to build new refineries to supply Asia. We were told we needed new refineries to supply our own glutenous demand. The first excuse/story resulted in higher prices. The second excuse/story resulted in higher prices. It only follows that there must be another excuse/story to replace the current one. That will result in higher prices. Then some wonder why I claim that nationalization of the petro industry is the only way America can compete in the world market. It is the only way that America will be able to transform itself into a renewable energy source nation. Nationalization is the only way. The important point in this blog is that we have reduced demand. Stockpiles are at a unmanageable level. Yet the Petro Czar's solution isn't to reduce price. Instead he will dump on to Asia. What should be ours. The threat of Nationalization is the solution. If the rules for supply and demand. Aren't weighted against National prosperity. If it is not made clear that the nation comes before the corporation. Then Nationalization is the only way. This is not a new idea for America. It has come to pass in times of trouble. Profiteering at the expense of National security has never been tolerated in America.
California Gasoline inventories highest since 1994....
Refiners considering sending surplus to Asia rather than reducing price in California.
Per, CNBC 10:04 AM 1/25/2008
My son wanted to go to Taco Bell. I told him to go to BettyCrocker.com
Ha Ha. I am so funny. I make myself laugh. Ha Ha...
Look at the following map. All of Kern county will be asked to pay an increased ½ cent sales tax to provide conveniences for those that should have known better. Welfare for those that moved North of the River for the lifestyle. Sorry to say, but traffic congestion is now part of your lifestyle. I say no welfare for you Comrades. Pay for the roads yourself. Map link:
Premiums v. Taxes
You
The SDI deduction is not a tax. It is a premium deduction for State disability. No different than a premium for your Aflack insurance. You have unemployment insurance that is paid by you with a premium that is part of your employment package.
In a society you don't get to chose if you want to pay for a road a society feels is necessary. You must pay for a bridge when the majority of society says the bridge must be built. You must pay with a premium that resembles the benefits you have achieved from the existence of the society that you live in.
If you get contagious and sick. You must stay out of the public. And society puts a sign on your front door.
In a society. There are rules. You must abide by those rules or step outside the society and be denied the benefits that society may present for it's law abiding members.
This tough guy idea that I can do better than what society can give me. Is not reality. There is no wealth outside of society. There are no friends, there is no happiness outside of society. Reality is that you exchange benefits and labor with society to make society a better place. To maintain a society that is viable and offers you the ability to grow both spiritually and financially.
There are no dead bodies left to rot in the gutters in front of your house. Because society collects a premium to insure it is that way. Do you want a life where the bodies are just swept down the street until someone may concern himself to dispose of the body in the dessert?
Must I remove the corpses, for you, in my pick up truck. Because you do not want to bother with that part of society?
Being a part of society and contributing to it, is not socialism. It is humanity. It is mankind and what we have evolved into. It is what separates us from the animal.
You must contribute to society in proportion to the benefits you receive from society. Because that is capitalism. And that is the economy America has chosen to participate in.
Of course you can always count your wealth in pecans. And safe harbor in the mountains. Please pay cash for a mirror before you go. You may want to pretend you have a friend.
DJIA INDEX 11,457.00 -649.00 12,130.00 12,140.00 11,456.00 03:15 DOW Futures VALUE CHANGE OPEN HIGH & nbsp; LOW TIME 11,594.00 -512.00 12,130.00 12,140.00 11,569.00 20:01 http://bloomberg.com/market...
From the history books.
Meltzer, who is finishing the second volume of his history of the Federal Reserve, warns that Bernanke is risking a disastrous replay of the 1970s, when high oil prices fueled double-digit inflation. Every time the Fed started to tighten and unemployment jumped, chairmen G. William Miller and Arthur Burns lost their nerve. They lowered rates to boost job growth, and inflation inevitably revived, causing a vicious price spiral. The Fed let the disease rage for so long that it took draconian action by chairman Paul Volcker in the early 1980s to finally defeat inflation. The price was a deep recession, with unemployment hitting 11% in 1982. "The mentality is the same as in the 1970s," says Meltzer. "'As soon as we get rid of the risk of recession, we'll do something about inflation.' But that comes too late."
From: http://money.cnn.com/2008/0...
P.S. President Carter appointed Paul Volcker. Who cares what Reagan would say. His legacy is a fairy tale. And history will show that his presidency was mediocre at best. And economically miserable for our nation.
Carter ended the Cold war by enticing Russia to invade Afghanistan and inserting CIA and troops to form a insurgency against their forces.. This was proclaimed to be Russia's Vietnam by the Carter Administration . This lead to financial ruin for the USSR.
There was huge unemployment. 20% + interest, two recessions, a monumental one day drop in the stock market and two housing bubble bursts.
Trickle down tax cuts lead to the largest tax increases in history. And devastating deficits and debt.
As I said, eliminate the fiction. And Reagan was a miserable president. Theocracy vs. Corporatism. The Republican inner struggle.
Reagan's only real accomplishment was his ability to gather into one flock the single issue voter. For example, gun rights, abortion, religious rights in schools, and reduced reduced taxes.
The Iron curtain solution was a process. Reagan happened to be there at the end.
If we are going to build this man a memorial next to Lincoln. Shouldn't we look at his accomplishments. Not his handlers dreams.
Reagan the Governor was a totally different political puppet than Reagan the President. Yet in either case. His accomplishments are minimal at best. I suppose that a few states still allow the possession of fully automatic assault rifles could be consider a Reagan win. But his reduced taxes and trickle down theory has produced huge deficits and debt. Second only to Bush Jr's trickle down results.
The republican party has now moved to the point where the word democracy exists. It just has no meaning. It is a tool to inspire flag waving at most.
The major powers in the republican party are now in a Theocracy vs. Corporatism struggle. Unwilling to admit that capitalism is a economic theory not a government. That religion is a matter of faith. Faith based on many different Bibles. On many different GODS.
America needs to return to a Representative democracy. We need to get a leader in office. Not a CEO. Not a Preacher..
What follows is some food for thought.
Stagflation began during the oil embargo of 1973 under Nixon. Not Carter.
There was absolutely no recession or economic down turn during the Carter term.
Carter Appointed Paul Volker. Not Reagan.
Even with double digit interest rates. More homes sold under Carter than today under Bush with record low interest rates.
There were two home bubble bursts under Reagan. One under Jr.
There was absolutely no stability in the stock market.
The Reagan 401k's and IRA's created a false impression of wealth and inflated the stock market to unreasonable levels. Pricing stock at levels determined by the availability of liquidity. Not the performance of a Company. Not the invention of earth shattering ideas.
There were two recessions under Reagan. And there will be two under Bush Jr and their trickle down economics.
Taxes were increased after JFK's tax cuts, (1968 10% War tax). And after Reagan, (Sr. Read my libs tax increases). There is no doubt ,taxes in some form, will be increased after the Jr. tax cut fiasco.
Less than 5% Cal Vet loans and 20% T-bills and CD's 8 million new jobs in 4 years and wages and jobs growing at record pace.
Of course Carter didn't provide the stock market with a unreasonable, inflated money supply. He expected a stock to make it on it's merits not federal intervention.
If you could get money compounded daily. On 20% CD's and T-bills. Were would your money be on Monday.
There are people whose entire retirement were earned during the Carter period through 1983. There has never been such a safe investment period in the history of the world.
Just put it in the bank and watch it grow.
Instead of gradually backing down from that type of situation. Reagan/Volcker INDUCED A RECESSION. Which of course brought down interest rates. And also killed the housing market.
Interesting thing about the housing market and interest rates. There is really no connection.
The housing market runs on consumer expectations. If you know you have a job. And you know that wages are rising. Then you also know that your mortgage rate can be renegotiated. You would like the lowest interest available. But you know you can qualify for lower rates in the future. So you buy no matter the rate today. That's what happened during the Carter years. The greatest housing expansion period in American history.
If you are unsure of your job or future pay increases. You know nothing and have no guarantee that you will be able to afford future mortgage payments. Let alone renegotiate interest rates.
That is what happened during the Reagan years and again today.
Carter vs. Reagan/Jr.
We did not reach 21% mortgage rates until 1983. Well into the Reagan years.. Under Paul Volker. Reagan lowered mortgage rates by creating a recession. Suppose you like that well enough… Immigration?? Outsourcing?? Check out what has happened to the sheep industry. Sheepherders were imported from Peru. They were lucky to receive 600 dollars/ month a trash trailer and a water wagon. They lived in the worst conditions imaginable.
The economy no matter how people try to say differently. Works in a micro environment.. Good for some, bad for others… Special report for drill n crude. AKA Drill von Goebbels |
