Financial Armageddon
- Thread starter SGaynor
- Start date
Here are a few alternate ideas...
Not Good: Rogue Missile Launch?
Not Good: Rogue Missile Launch?
"Where were the NOTAMs if this was ours?
Missing, that's where. Multiple reports now that there were NO notices posted for aviators. No way in hell our military intentionally launches a missile without posting NOTAMs for the civilian air system before it happens. This means it either wasn't ours, or wasn't intentionally launched.
Where are the people who heard the notices on VHF Marine Radios and others?
I live less than 5 miles from Eglin AFB. They run military exercises all the time out in the gulf. I boat in the gulf. There are not only NOTAMs posted all the time on their activity, but there are also notices posted for mariners when they intend to do things out in the deep blue sea. The military comes up on VHF regularly and announces their intentions - and if you get too close by accident they are rather explicit in their warnings to you as well. I have heard these warnings and notices dozens of times. The point is this: if this was a military exercise there would be hundreds if not thousands of mariners who would have heard about it, and it would have been pointed out by now in the media."
Missing, that's where. Multiple reports now that there were NO notices posted for aviators. No way in hell our military intentionally launches a missile without posting NOTAMs for the civilian air system before it happens. This means it either wasn't ours, or wasn't intentionally launched.
Where are the people who heard the notices on VHF Marine Radios and others?
I live less than 5 miles from Eglin AFB. They run military exercises all the time out in the gulf. I boat in the gulf. There are not only NOTAMs posted all the time on their activity, but there are also notices posted for mariners when they intend to do things out in the deep blue sea. The military comes up on VHF regularly and announces their intentions - and if you get too close by accident they are rather explicit in their warnings to you as well. I have heard these warnings and notices dozens of times. The point is this: if this was a military exercise there would be hundreds if not thousands of mariners who would have heard about it, and it would have been pointed out by now in the media."
A stacked deficit reduction commission fails.
Annualized deficit is now running at $1.7 Trillion per year, and increasing.
Unemployment increasing.
Stock market a farce.
Healthcare cost increasing by 20-45%
Fed under attack by Wikileaks.
Hope and Change !
Annualized deficit is now running at $1.7 Trillion per year, and increasing.
Unemployment increasing.
Stock market a farce.
Healthcare cost increasing by 20-45%
Fed under attack by Wikileaks.
Hope and Change !
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For all you equity investors out there ......
Average? Would be interesting to see the distribution. In any case better be VERY nimble ......... this is NOT an true investors market, only for HFTs. Remember those Flash crashes? :rofl:
Average? Would be interesting to see the distribution. In any case better be VERY nimble ......... this is NOT an true investors market, only for HFTs. Remember those Flash crashes? :rofl:
MarkP said:
FYI - 60 Minutes did a story on this a couple weeks/months back:
http://www.cbsnews.com/stories/2010/10/07/60minutes/main6936075.shtml
Follow up on high frequency trading - Nice piece on why the Wall St. game is rigged:
When it comes to investing, Facebook is not for the masses
By Steven Pearlstein
Washington Post Staff Writer
Tuesday, January 4, 2011; 10:23 PM
At the same time, the rest of us should understand that the world of finance and investment continues to be rigged in favor of insiders and those rich enough to have access to the best investment opportunities. The "democratization of finance" has proven to be nothing more than a marketing ploy to give investment houses and money managers a bigger opportunity to pick the pockets of the middle class. And while I can't quantify it, I'm fairly certain this disparity of investment opportunities and outcomes has made a significant contribution to the widening gap in income and wealth between the super-rich and everyone else in America.
So, yes, let's celebrate the ingenuity and success of companies such as Facebook and enjoy the cool new services they provide. But let's also remember that by the time those companies' shares are available to the rest of us, most of the financial bonanza will have already been captured by someone else.
When it comes to investing, Facebook is not for the masses
By Steven Pearlstein
Washington Post Staff Writer
Tuesday, January 4, 2011; 10:23 PM
At the same time, the rest of us should understand that the world of finance and investment continues to be rigged in favor of insiders and those rich enough to have access to the best investment opportunities. The "democratization of finance" has proven to be nothing more than a marketing ploy to give investment houses and money managers a bigger opportunity to pick the pockets of the middle class. And while I can't quantify it, I'm fairly certain this disparity of investment opportunities and outcomes has made a significant contribution to the widening gap in income and wealth between the super-rich and everyone else in America.
So, yes, let's celebrate the ingenuity and success of companies such as Facebook and enjoy the cool new services they provide. But let's also remember that by the time those companies' shares are available to the rest of us, most of the financial bonanza will have already been captured by someone else.
The first data point on what municipal investors and employees, current and former, will get in bankruptcy court.
Vallejo Plan Would Give Creditors 5-20 Cents on the Dollar
Former and current workers get $5M of $50M owed.
Anybody want to buy a municipal bond? :rofl: Didn't think so.
Vallejo Plan Would Give Creditors 5-20 Cents on the Dollar
Former and current workers get $5M of $50M owed.
Anybody want to buy a municipal bond? :rofl: Didn't think so.
MarkP said:
You'd have to be a certified retard to buy any bonds from the state of California, the counties or the cities.
MarkP said:
Sure, if it was a Pre-Re, the bond premium was reasonable, it wasn't callable in 6 months and it paid any sort of yield higher than the taxable equivalent yield of like-maturity risk free assets.
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A start .... $250B/yr, but still not enough when you are running a $1500B+/yr deficit
House GOP Lists $2.5 Trillion in Spending Cuts
House GOP Lists $2.5 Trillion in Spending Cuts
Corporation for Public Broadcasting Subsidy. $445 million annual savings.
Save America's Treasures Program. $25 million annual savings.
International Fund for Ireland. $17 million annual savings.
Legal Services Corporation. $420 million annual savings.
National Endowment for the Arts. $167.5 million annual savings.
National Endowment for the Humanities. $167.5 million annual savings.
Hope VI Program. $250 million annual savings.
Amtrak Subsidies. $1.565 billion annual savings.
Eliminate duplicative education programs. H.R. 2274 (in last Congress), authored by Rep. McKeon, eliminates 68 at a savings of $1.3 billion annually.
U.S. Trade Development Agency. $55 million annual savings.
Woodrow Wilson Center Subsidy. $20 million annual savings.
Cut in half funding for congressional printing and binding. $47 million annual savings.
John C. Stennis Center Subsidy. $430,000 annual savings.
Community Development Fund. $4.5 billion annual savings.
Heritage Area Grants and Statutory Aid. $24 million annual savings.
Cut Federal Travel Budget in Half. $7.5 billion annual savings.
Trim Federal Vehicle Budget by 20%. $600 million annual savings.
Essential Air Service. $150 million annual savings.
Technology Innovation Program. $70 million annual savings.
Manufacturing Extension Partnership (MEP) Program. $125 million annual savings.
Department of Energy Grants to States for Weatherization. $530 million annual savings.
Beach Replenishment. $95 million annual savings.
New Starts Transit. $2 billion annual savings.
Exchange Programs for Alaska, Natives Native Hawaiians, and Their Historical Trading Partners in Massachusetts. $9 million annual savings.
Intercity and High Speed Rail Grants. $2.5 billion annual savings.
Title X Family Planning. $318 million annual savings.
Appalachian Regional Commission. $76 million annual savings.
Economic Development Administration. $293 million annual savings.
Programs under the National and Community Services Act. $1.15 billion annual savings.
Applied Research at Department of Energy. $1.27 billion annual savings.
FreedomCAR and Fuel Partnership. $200 million annual savings.
Energy Star Program. $52 million annual savings.
Economic Assistance to Egypt. $250 million annually.
U.S. Agency for International Development. $1.39 billion annual savings.
General Assistance to District of Columbia. $210 million annual savings.
Subsidy for Washington Metropolitan Area Transit Authority. $150 million annual savings.
Presidential Campaign Fund. $775 million savings over ten years.
No funding for federal office space acquisition. $864 million annual savings.
End prohibitions on competitive sourcing of government services.
Repeal the Davis-Bacon Act. More than $1 billion annually.
IRS Direct Deposit: Require the IRS to deposit fees for some services it offers (such as processing payment plans for taxpayers) to the Treasury, instead of allowing it to remain as part of its budget. $1.8 billion savings over ten years.
Require collection of unpaid taxes by federal employees. $1 billion total savings.
Prohibit taxpayer funded union activities by federal employees. $1.2 billion savings over ten years.
Sell excess federal properties the government does not make use of. $15 billion total savings.
Eliminate death gratuity for Members of Congress.
Eliminate Mohair Subsidies. $1 million annual savings.
Eliminate taxpayer subsidies to the United Nations Intergovernmental Panel on Climate Change. $12.5 million annual savings.
Eliminate Market Access Program. $200 million annual savings.
USDA Sugar Program. $14 million annual savings.
Subsidy to Organisation for Economic Co-operation and Development (OECD). $93 million annual savings.
Eliminate the National Organic Certification Cost-Share Program. $56.2 million annual savings.
Eliminate fund for Obamacare administrative costs. $900 million savings.
Ready to Learn TV Program. $27 million savings.
HUD Ph.D. Program.
Deficit Reduction Check-Off Act.
TOTAL SAVINGS: $2.5 Trillion over Ten Years
Save America's Treasures Program. $25 million annual savings.
International Fund for Ireland. $17 million annual savings.
Legal Services Corporation. $420 million annual savings.
National Endowment for the Arts. $167.5 million annual savings.
National Endowment for the Humanities. $167.5 million annual savings.
Hope VI Program. $250 million annual savings.
Amtrak Subsidies. $1.565 billion annual savings.
Eliminate duplicative education programs. H.R. 2274 (in last Congress), authored by Rep. McKeon, eliminates 68 at a savings of $1.3 billion annually.
U.S. Trade Development Agency. $55 million annual savings.
Woodrow Wilson Center Subsidy. $20 million annual savings.
Cut in half funding for congressional printing and binding. $47 million annual savings.
John C. Stennis Center Subsidy. $430,000 annual savings.
Community Development Fund. $4.5 billion annual savings.
Heritage Area Grants and Statutory Aid. $24 million annual savings.
Cut Federal Travel Budget in Half. $7.5 billion annual savings.
Trim Federal Vehicle Budget by 20%. $600 million annual savings.
Essential Air Service. $150 million annual savings.
Technology Innovation Program. $70 million annual savings.
Manufacturing Extension Partnership (MEP) Program. $125 million annual savings.
Department of Energy Grants to States for Weatherization. $530 million annual savings.
Beach Replenishment. $95 million annual savings.
New Starts Transit. $2 billion annual savings.
Exchange Programs for Alaska, Natives Native Hawaiians, and Their Historical Trading Partners in Massachusetts. $9 million annual savings.
Intercity and High Speed Rail Grants. $2.5 billion annual savings.
Title X Family Planning. $318 million annual savings.
Appalachian Regional Commission. $76 million annual savings.
Economic Development Administration. $293 million annual savings.
Programs under the National and Community Services Act. $1.15 billion annual savings.
Applied Research at Department of Energy. $1.27 billion annual savings.
FreedomCAR and Fuel Partnership. $200 million annual savings.
Energy Star Program. $52 million annual savings.
Economic Assistance to Egypt. $250 million annually.
U.S. Agency for International Development. $1.39 billion annual savings.
General Assistance to District of Columbia. $210 million annual savings.
Subsidy for Washington Metropolitan Area Transit Authority. $150 million annual savings.
Presidential Campaign Fund. $775 million savings over ten years.
No funding for federal office space acquisition. $864 million annual savings.
End prohibitions on competitive sourcing of government services.
Repeal the Davis-Bacon Act. More than $1 billion annually.
IRS Direct Deposit: Require the IRS to deposit fees for some services it offers (such as processing payment plans for taxpayers) to the Treasury, instead of allowing it to remain as part of its budget. $1.8 billion savings over ten years.
Require collection of unpaid taxes by federal employees. $1 billion total savings.
Prohibit taxpayer funded union activities by federal employees. $1.2 billion savings over ten years.
Sell excess federal properties the government does not make use of. $15 billion total savings.
Eliminate death gratuity for Members of Congress.
Eliminate Mohair Subsidies. $1 million annual savings.
Eliminate taxpayer subsidies to the United Nations Intergovernmental Panel on Climate Change. $12.5 million annual savings.
Eliminate Market Access Program. $200 million annual savings.
USDA Sugar Program. $14 million annual savings.
Subsidy to Organisation for Economic Co-operation and Development (OECD). $93 million annual savings.
Eliminate the National Organic Certification Cost-Share Program. $56.2 million annual savings.
Eliminate fund for Obamacare administrative costs. $900 million savings.
Ready to Learn TV Program. $27 million savings.
HUD Ph.D. Program.
Deficit Reduction Check-Off Act.
TOTAL SAVINGS: $2.5 Trillion over Ten Years
Joblessness is down to 8.8%... not too shabby. Now all we have to do is get the budget under control without starving veterans, and we'll be back in business.
And we stare into the abyss once again.....
Good analysis of what doesn't get paid if we don't raise the debt ceiling (looks like active military won't be getting paid):
http://www.bipartisanpolicy.org/sites/default/files/Debt Ceiling Analysis.pdf
Good analysis of what doesn't get paid if we don't raise the debt ceiling (looks like active military won't be getting paid):
http://www.bipartisanpolicy.org/sites/default/files/Debt Ceiling Analysis.pdf
Talk about not getting paid. Read about the MN gov't shutdown and how it is impacting the local businesses, especially those that need to get various licenses renewed, i.e. liquor, etc.
It's crazy whats going on with these deficit talks.. we really need new leadership if no one is willing to compromise. Most Americans would agree we need to increase taxes/close loopholes for the corporations, and cut spending so why wont our leadership compromise? Because all they care about is looking like "true" republicans or democrats... Give me a fucking break, if we default on our debt we are fucked... not all of us, but the average fuckin Joes like me and you. These guy's in Washington make me sick. Even Obama makes me sick. Talk about a weak leader... I think his heart is in the right place, but he is so fuckin weak, he can't get anything done. The fact that we racked up this much debt in 10 years is a whole other issue. It makes me sick entering the job market out of grad school and everything is going to shit..... Our political system has been raped, it's become a freak show where your bank account and fundraising abilities are number one. Sarah Palin, is that a punchline to a joke I heard once? I know middle school teachers who would be more ethical and effective leaders than half the stooges out there. The problem is once the political system takes you in, it shits you out as a soulless dirtbag...
Fuck it, revolt.... we'll see if Washington will pull a Mubarak or a Ghadafi on us...
Fuck it, revolt.... we'll see if Washington will pull a Mubarak or a Ghadafi on us...
Yesterday, China warned the US not to default on their 3 trillion loan. Pretty fucking sad. Someone has got to get control of these asshole politicians up in Washington, and take away their credit cards.
Germany's GDP growth was 0.1% in 2nd quarter (and that'll likely be downgraded). Ouch...
Want sprinkles on that double dip?
Want sprinkles on that double dip?