Joe Farah gives a book review in this article on “Black Belt Patriotism: How to Reawaken America”, by Chuck Norris. It sounds like a greatly needed and timely book by a very astute Christian champion. I hope many will read it, get educated and join the cultural revolution to reawaken America. Then in 2012 maybe we need to put an American patriot like Chuck Norris in the White House instead of the usual politician.

I’m with Chuck Norris

Don’t even think for a moment you won’t learn anything in a book by “an actor” or a “martial arts master.”

He sets out with a clear vision of the problems besetting us:

* Americans have forgotten their heritage, their history, the uniqueness of the founding documents that set the country apart;

* Americans have lost their sense of fiscal responsibility, resulting in mountains of debt – both public and private; (What a timely lesson this is!)

* Americans have permitted their borders to get out of control, allowed their elected officials to get away with non-enforcement of immigration laws, and tolerated a breakdown in national sovereignty that is leading to “the possible creation of a North American Union”;

* Americans have lost their moral compass;

* Americans no longer believe in the sanctity of human life;

* Americans are robbing their children of their innocence and their futures;

* Americans have participated in the destruction of the family;

* Americans are getting fat and lazy.

Chuck Norris also recognizes the solutions to these problems and restoration of America’s greatness will not come in the political arena alone – not by a long shot. It won’t come because we elect the right politician to be president. It won’t even come by electing a good Congress.

He sees a long battle ahead – a cultural revolution.

Full Article

I think Ann Coulter, Pat Buchanan and Harry Lamb wrote a couple of good articles that might tell you a few things about the root cause of the day of reckoning that is upon America and how it will also bring the next day of reckoning due to our massive deficit spending. I am not saying there were not other factors. This day would have come anyway due to the greed of many and the socialism of others but what Coulter, Buchanan and Lamb write about is a good part of the reason why this economic shock is now playing out before your very eyes.

They Gave Your Mortgage to a Less Qualified Minority, by Ann Coulter

Here are a few points in the article by Ann Coulter:

Under Clinton, the entire federal government put massive pressure on banks to grant more mortgages to the poor and minorities. Clinton’s secretary of Housing and Urban Development, Andrew Cuomo, investigated Fannie Mae for racial discrimination and proposed that 50 percent of Fannie Mae’s and Freddie Mac’s portfolio be made up of loans to low- to moderate-income borrowers by the year 2001.

Instead of looking at “outdated criteria,” such as the mortgage applicant’s credit history and ability to make a down payment, banks were encouraged to consider nontraditional measures of credit-worthiness, such as having a good jump shot or having a missing child named “Caylee.”

Threatening lawsuits, Clinton’s Federal Reserve demanded that banks treat welfare payments and unemployment benefits as valid income sources to qualify for a mortgage. That isn’t a joke — it’s a fact.

In 1999, liberals were bragging about extending affirmative action to the financial sector. Los Angeles Times reporter Ron Brownstein hailed the Clinton administration’s affirmative action lending policies as one of the “hidden success stories” of the Clinton administration, saying that “black and Latino homeownership has surged to the highest level ever recorded.”

Meanwhile, economists were screaming from the rooftops that the Democrats were forcing mortgage lenders to issue loans that would fail the moment the housing market slowed and deadbeat borrowers couldn’t get out of their loans by selling their houses.

Now, at a cost of hundreds of billions of dollars, middle-class taxpayers are going to be forced to bail out the Democrats’ two most important constituent groups: rich Wall Street bankers and welfare recipients.

Political correctness had already ruined education, sports, science and entertainment. But it took a Democratic president with a Democratic congress for political correctness to wreck the financial industry.

So it was not all about greedy lenders it is about Democratic Party socialist liberals pushing affirmative action lending plans and regulations that forced the lenders to make them lend to the unqualified.

Day of Reckoning, by Pat Buchanan

Here is a bit of what Pat Buchanan has to say on this issue and some of it is the same except Pat blames the liberal in both parties:

Had there not been a steady and constant infusion of easy money and credit into the U.S. economy by the Fed, for years on end, a housing bubble of the magnitude of the one that has just exploded could never have been created.

Had the politicians of both parties not coerced and pressured banks, S&Ls, Fannie Mae and Freddie Mac to make all those sub-prime mortgages, then to tie this rotten paper to good paper, convert it into securities and sell to banks all over the world, there would have been no global financial crisis.

Had they seen this coming and acted sooner, the Federal Reserve and U.S. Treasury would not today, like Henny Penny, be crying, “The sky is falling!” and the end times are at hand, unless we give them 5 percent of our gross domestic product to buy up suspect securities backed by sub-prime mortgages.

Looking at all the money being ladled out by the U.S. government to prevent a collapse, and the diminished revenue coming in, it is hard to see how America avoids future deficits that reach $1 trillion a year. These will imperil both the dollar itself and the ability of the United States, which saves nothing, to borrow from the rest of the world. The downsizing of America is at hand.

Yes, indeed, we have arrived at the Day of Reckoning for Uncle Sam.

Soviet-Style collapse in America’s future article by Harry Lamb

The meltdown in the financial markets has caused the finger of blame to spin like a weathervane in a hurricane. The underlying cause of the debacle, however, has been largely ignored. Driven by “progressive” Democrats and Republicans, the cause is the relentless shift from a free market economy to a socialist economy.

The piper must be paid. The question is whether to do it now – and let the chips fall where they may, or, to kick the can down the road and pay the piper later. The answer, of course, is to kick the can into the next generation, with another leap toward socialism. The bailout plan – whatever the particulars – is nothing short of a government takeover of the financial industry. The next president will have to sort it out and build the road toward future recovery or final disaster.

Barack Obama’s incessant drumbeat about the failure of the economic policies of the last eight years is either gross ignorance or, more likely, political blame shifting. The cause of the current meltdown is clearly the Democrat’s insistence upon giving federally guaranteed mortgages to people who could not afford them. Even now, Democrats insist, not on the minimum government involvement possible, but on adding all sorts of give-away ornaments on the bailout Christmas tree. Obama is also promising to take over the energy industry, the health industry, and to give tax credits and even refunds to some people with money he shamelessly takes from others. This is redistribution of wealth – pure socialism.

McCain may be only marginally better, but any deterrent to the Democrats’ determined transformation of America to unabashed socialism should be welcomed. Despite the U.N.’s declaration to the contrary, no person has a “right” to housing. If Democrats prevail and continue their pursuit of the U.N’.s goal of universal socialism, America can expect to experience the same total collapse experienced by the Soviet Union.

I said in a prior post that future budget deficits were going to go way up and It matters not who becomes President, the deficits will happen as sure as night follows day and if foreigners ever stop buying our debt this present crises will be nothing compared to the time when we can no longer sell our debt to the world. In the future we will have to do the bidding of the lenders (China & Oil rich nations) or face complete economic collapse.

“We The People” think you should monitor your lying mass media mouth.

By don Koenig

I do not know about you but I feel the new energy ads on TV are very offensive and totally un-American. They are saying that “We The People” are no longer asking but “demanding” that government go to very expensive and destructive all renewable energy sources like windmills in ten years. How dare they presume to speak for what “We the People” of America demand just because they have the money to buy mass media prime air time!

They are saying that We The People are demanding energy and environmental policies that only the environmentally naive, only those already brainwashed and only the brain dead could possibly believe. Those pushing this deception are those with vested interests using what they know are deceptive lies. These elitists are attempting to brainwash the American people with their lying mass media ads in order to line their own pockets. I think it is time for those with the money to counter with their own ads and present the plain unvarnished truth and expose these people for the dangerous radical frauds that they are.

This obvious fraud of acting like they are speaking for “We The People” should be illegal. If we allow self serving interest groups with deep pocket to brainwash all those who watch mass media with their own disinformation campaigns we will lose this nation to an Oligarchy.

Al Gore told us this three hundred million dollar ad campaign would take place and billionaire T. Boone Pickens has jumped on the global warming gravy train to further his huge investments in windmills and natural gas. Now we are seeing in their lying mass media ads how devious and dangerous these people can be when “We The People“ only hear in the mass media from the side of those who stand to gain from brainwashing us with their lying mass media campaign to America. 

Brainwashing by the elite rich through use of lying mass media must never be allowed in America or our representative Republic elected by “We The People” will be finished.

Here is another opinion by a blogger who wants Al Gore to stop lying on TV like he is speaking for the American people on other TV ad.

I heard Al Gore say the other day that his followers should now use civil disobedence to stop the building of new coal plants in America. He also said that individal state Attorney Generals should prosecute what Gore things is fraud. If anyone should be prosecuted for fraud it should be Al Gore with his lying movie and his lying presentations that are based on lies and fraud. Even the British Court indicated that when he tried to force his “Inconvenient Truth” move down the throats of all British school children. People better realize we are dealing with some very devious self serving people here.

I suppose you have heard about the trillion dollar bailout of bad debt and now hear the politicians on TV telling people that lack of government oversight and greed is to blame for the problem and how we now need bailouts and more federal government regulation to cure the problem.

Most of the same politicians talking today are the same politicians that supported the oversight conditions that created this crises in the first place. They were the ones who put the pressure on lending institutions to ease their rules so that just about any bad risk could get a loan.

They put great pressure on the mortgage lenders to establish easy lending programs for the poor and for  poor risks. But they are now passing the buck and saying the lenders were irresponsible and greedy. Sure, there was fraud and greed by the leaders but when you have government officials who are supposed to be in a position of oversight being the enablers of the greedy and making their practices the norm what should we expect?

It was government that eased the regulations on banks and brokers so that would not have to keep funds in reserve to weather a storm such as this and government allowed them to take those funds to the derivative casinos thanks to the policies of former Fed Chairman Greenspan.

These falsely optimistic idealistic liberals thought everything would just keep getting better and that there would be no more major downturns. These are the same people in government and business who never plan for recessions in their out year budgets. They live in some fantasyland or else they want to deceive the public that the out years will be better than any person living in reality could expect.

Some fools even thought we were post recessions because they thought the government now knew how to keep the economy expanding indefinitely. Ha ha. Nevertheless, we always had recessions and will again. These “financial wizards” are a good part of the reason why we always have budget deficits because they never plan for future economic downturns in their long term budgets. Most multinational corporations and local governments are doing the same thing and that is why when a down cycle comes they are in crises and need taxpayer bailouts.

Here are a couple of articles that explain some of what is going on.

The first article by David Limbaugh, talks about how the liberal politicians got us into the mess that we find ourselves in. They now think more of the same of the liberal big government polices will get us out of it. Ha ha.

The second article is by Pat Buchanan It gets into the stupidity of foolish and incompetent financiers and politicians. Pat gives some some history of past bailouts and our nation’s increasing debt burden in the future partly because of bailouts and partly because government and everyone else keeps spending more than they have.

Its getting close to Halloween and I know you all want to read a good scare story. Well learn what the banks and investment firms have been doing with your money and you will know why Washington and the banks are in a cold sweat panic and saying if the government does not bring stability the whole house of cards is going to come crashing down into the second great depression.

For a house of cards to fall it has to be a house of cards to begin with and this article about derivatives will take you on a tour of the house. After you read this article you will not only know everything you need to know about derivatives. You will also know why everyone in the know is turning white with fear long before Halloween.

There simply is no reason why a sub-prime crises would cause all these investment bank failures unless they have been doing something with your money that is very risky. Turns out they have. Instead of making sound investments with your money they have been gambling at the Derivatives Casinos. All these firms are now so leveraged on their next bet that any loss at the wheel of fortune makes them unable to pay their bills and if they cannot pay their bills other banks that are levered to the teeth because of their own gambling habits also cannot pay their bills and if they cannot pay their bills none of the others can pay their bills either and if none of the others can pay their bills there is no money to borrow for anyone in the nation.

Read about it for yourself but anyone who thinks the crises is over is not paying attention. Also take note that the following article was written before the announcement of the really frighting government bailout that was announced today to bail out all the derivative gamblers bad debts. Yeah, the government has to do this taxpayer bailout because all the gamblers were not gambling with their own money they were gambling with your retirement, insurance and investment incomes and everything else.

Next years Halloween fright night will be about the coming rapid hyperinflation that will bring you green toilet paper.

OpEdNews » It’s the Derivatives, Stupid! Why Fannie, Freddie and AIG Had to Be Bailed Out

Until recently, most people had never even heard of derivatives; but in terms of money traded, these investments represent the biggest financial market in the world. Derivatives are financial instruments that have no intrinsic value but derive their value from something else. Basically, they are just bets. You can “hedge your bet” that something you own will go up by placing a side bet that it will go down. “Hedge funds” hedge bets in the derivatives market. Bets can be placed on anything, from the price of tea in China to the movements of specific markets.

“The point everyone misses,” wrote economist Robert Chapman a decade ago, “is that buying derivatives is not investing. It is gambling, insurance and high stakes bookmaking. Derivatives create nothing.”1 They not only create nothing, but they serve to enrich non-producers at the expense of the people who do create real goods and services. In congressional hearings in the early 1990s, derivatives trading was challenged as being an illegal form of gambling. But the practice was legitimized by Fed Chairman Alan Greenspan, who not only lent legal and regulatory support to the trade but actively promoted derivatives as a way to improve “risk management.” Partly, this was to boost the flagging profits of the banks; and at the larger banks and dealers, it worked. But the cost was an increase in risk to the financial system as a whole.2

Since then, derivative trades have grown exponentially, until now they are larger than the entire global economy. The Bank for International Settlements recently reported that total derivatives trades exceeded one quadrillion dollars – that’s 1,000 trillion dollars.3 How is that figure even possible? The gross domestic product of all the countries in the world is only about 60 trillion dollars. The answer is that gamblers can bet as much as they want. They can bet money they don’t have, and that is where the huge increase in risk comes in.

Credit default swaps (CDS) are the most widely traded form of credit derivative. CDS are bets between two parties on whether or not a company will default on its bonds. In a typical default swap, the “protection buyer” gets a large payoff from the “protection seller” if the company defaults within a certain period of time, while the “protection seller” collects periodic payments from the “protection buyer” for assuming the risk of default. CDS thus resemble insurance policies, but there is no requirement to actually hold any asset or suffer any loss, so CDS are widely used just to increase profits by gambling on market changes. In one blogger’s example, a hedge fund could sit back and collect $320,000 a year in premiums just for selling “protection” on a risky BBB junk bond. The premiums are “free” money – free until the bond actually goes into default, when the hedge fund could be on the hook for $100 million in claims.

And there’s the catch: what if the hedge fund doesn’t have the $100 million? The fund’s corporate shell or limited partnership is put into bankruptcy; but both parties are claiming the derivative as an asset on their books, which they now have to write down. Players who have “hedged their bets” by betting both ways cannot collect on their winning bets; and that means they cannot afford to pay their losing bets, causing other players to also default on their bets.

The dominos go down in a cascade of cross-defaults that infects the whole banking industry and jeopardizes the global pyramid scheme. The potential for this sort of nuclear reaction was what prompted billionaire investor Warren Buffett to call derivatives “weapons of financial mass destruction.” It is also why the banking system cannot let a major derivatives player go down, and it is the banking system that calls the shots. The Federal Reserve is literally owned by a conglomerate of banks; and Hank Paulson, who heads the U.S. Treasury, entered that position through the revolving door of investment bank Goldman Sachs, where he was formerly CEO.

Full Article

The government is about to let the taxpayer bailout all the greedy gamblers that have been gambling with your investment money for many years and have now run out of luck. Don’t just blame the gamblers and the corporation heads that hired them either. They were hired because people who had stock in these companies expected unrealistic returns year after year. If you expected ten percent on your investments each year or if you bought a house that you knew you could not afford on the speculation that it would go up in value then look in the mirror the government is actually attempting to bail you out

It is going to be much like the saving and loans bailout of yesteryear magnified to a much larger scale. In fact no one knows how much this is going to cost the American taxpayer. It will probably cost trillions. The power brokers say they have to do this or the whole system will collapse. That is correct, but maybe it should collapse because the national debt will soon bring the living standards of everyone in the United States to that of a second world nation anyway. Who gave the federal government such powers and why was the American system allowed to become a Federal Reserve Bank protectorate?

The government now realizes that it cannot keep bailing out one company at a time or the stock market will crash and the whole house of cards will come down and many will lose most of their investments. That is politically not acceptable so they are going to create an agency that bails out all the bad debt.

The joke is that Congress and the President have been trying to save a billion here and a billion there for years in order to keep the budget deficit as low as possible but in one huge bailout they will add more to the national debt then they saved by their budget cuts over a lifetime. Most of these same jokers will then come back next year and play the same game again by talking about reducing the budget deficit while the bailout will cause the deficits in the next few years to far exceed any in American history. It is simply nuts.

In order to appease you in this downturn they will add more tax cuts and give us another stimulus package that will add even more hundreds of billions to next year’s deficit. It is like giving everyone on government assistance food stamps to keep them in T-bones.

They will also put all these failed corporations under government control and bring in control boards to manage them. So we will have free enterprise replaced with socialist bureaucratic decree. Those restructured bureaucratic controlled corporations will be a disaster in the making and the taxpayer will keep paying more billions for their continued losses.

Don’t worry be happy, your not going to have to pay this debt burden just yet because we can’t. So it will all be financed. That means we will have to acquire more loans from foreign nations to finance our increasing national debt. That also means the U.S. will become more dependent on countries like China and the oil rich nations that acually hate us. Anytime they wish to force us to do their bidding they will have a huge debt club to pound us over the head with.

The Bible says the borrower becomes the slave of the leader. The U.S. is becoming a slave nation because it will be totally dependent on other nations that will not allow us to be free.

So add a trillion here and a trillion there and pretty soon we are borrowing more than the loan sharks wish to lend us. Then we will have to promise them higher and higher interest on our debt in order to get the loans. We are about $10 trillion in debt right now and this bailout and the economic downturn will cost us at least two trillion more debt within two years. That means we will be paying interest on over $12 trillion every single year. Even at 5 percent interest the cost will be $600 billion a year and I doubt if interest rates will remain that low.

Add the fifty trillion dollar entitlement bill that is coming due in the future and there is simply no way that the U.S. can go on without doing one of two things and either one will bring this nation to poverty. The first is to default on our debt to other nations and the second is to print more money and cause the dollar to be worth far less. We cannot really default or we are finished in this world so be prepared for double digit inflation for decades to come and do not expect your earnings to keep up. In fact, expect a standard of living in a decade that is about half of what you have today. The government printing more and more dollars will weaken the dollar bringing hyperinflation so then the outstanding debt will either become a smaller part of the GNP or the lenders will stop lending. If they stop lending we are also finished in the world. So the future for the U.S. is hyperinflation or isolationism and depression that will make the 1930’s look like the good times.

The government may have bailed out the economic crises this year but doing so will just make a much worse economic crises in the near future. I think all the greedy pigs in the banks and brokerage markets and all the fools in government and all the people who elected them deserve the Demented Delusional and Dumb Club award. The greedy slobs and their bought and paid for representatives in government deserve this award for killing a once prosperous free nation and making it a socialist slave nation. Congratulations!

So how do we go back to free America? We cannot, unless the slaves escape the nation  controlled by the globalist elite.

There never was a consensus of climate scientists saying that global warming was man caused. It was all made up by the world power elite controlled bureaucrats and their media.

Read the real story and read about the real consensus of scientists that agree that global warming is not any danger to this planet. In fact, there is now more danger from what now appears to be a global cooling trend.

The liars now have society so brainwashed that now even when the earth is cooling and likely heading toward a dangerously long term cold trend all you still hear in the media and from the politicians is the global warming danger and the CO2 threat.

These greedy power brokers and socialist fascist control freak idiots are putting the world in economic danger and the danger of real energy shortages at a time when the absence of sun spot activity seems to be indicating that we are heading toward a long term global cooling. This energy shortage and cooling could bring energy crises worse than any you can imagine along with world crop failures and famine.

It is time to get these wacko environmentalists off of our back and to put leaders into place that will develop all energy sources regardless of the release of beneficial CO2.

Michael Coffman — Consensus? What Consensus?

CONSENSUS? WHAT CONSENSUS?

By Dr. Michael S. Coffman Ph. D.
September 10, 2008
NewsWithViews.com

We have all heard the litany in the news that 2,500 scientists working in conjunction with the United Nations Intergovernmental Panel on Climate Change (IPCC) agree with a 90 percent certainty that man is causing potentially catastrophic global warming. They even received the Nobel Peace Prize, along with Al Gore, for their exemplary work in the field. This, we are told, is a solid consensus having very few dissenters. The problem is that this so-called consensus is a myth – it never existed. Ever!

Outraged with the sheer duplicity of the press and warming alarmists, OISM launched the same petition again in 2008. They used a subset of the mailing list of American Men and Women of Science, a who’s who of Science, to mail the petition requesting the recipient to sign the petition if agreed that Kyoto was a danger to humanity.

The results, reported last May showed that 31,072 scientists, 9,021 of whom were Ph.D.s, signed the petition. Every signature has been vetted for authenticity.

Ironically, using the Freedom of Information Act, it has been proven that the so-called 2500 scientists the IPCC claims make up their “consensus,” are really not scientists at all. Of that total, only 308 scientists reviewed the 2007 IPCC report. Many of them disagreed, some strongly so. Not surprisingly, all of their comments were rejected and not included in the report. The remaining 2192 so-called scientists came from all walks of life; politicians, government bureaucrats, social workers, and apparently even a hotel manager. Less than 40 of the 308 scientists were generally supportive of the hypothesis, and less than 5 actually endorsed the report. Yet, the report was hailed by the media as the consensus of thousands of scientists.

Putting this into perspective, for every 1 scientist who even slightly favored the IPCC conclusions, 792 signed the petition saying there was no convincing evidence that there is man-made catastrophic global warming. For every Ph.D. that endorsed the IPCC report, 1800 signed the petition. If anything, there is a scientific consensus that man is not responsible for global warming. What did the media do with this potentially explosive story? They ignored it, as usual. A few, like Fox News, were gracious enough to have a byline on their website. Only the conservative media highlighted this phenomenal story.

It would seem the media, and by extension, the people who depend on it for accurate news, would rather believe a lie than the truth. This realization led Dr. Ross McKittrick, who discredited the hockey stick theory of the 2001 IPCC report, to lament, “We are now at the stage where mere facts, reason, and truth are powerless in the face of the global warming propaganda.” It is a scary thought, but he is correct. Ignorance and propaganda now form the basis of our policy on climate change (and many other environmental issues). We are treading a dangerous path.

Full Article

You really might want to read this piece of reality if you are planning to buy or sell property in California. I think these ten reasons not only apply to California they apply to the big cities in Nevada, Florida and Arizona and some other Bubble areas as well.

This is not for the faint of heart. It implies much more than just a housing downturn. The losses on real estate and all connected with real estate including the taxpayer (government bail outs) are going to be much worse then most anyone is saying.

You will have to click on the link below to find the 10 detailed and well thought out reasons why real estate has years to go before any recovery is possible and why things are going to get worse before they get better in these bubble areas.

10 Reasons Why California is Years Away from a Housing Bottom: Rebuttal to Those Calling for a Bottom for California Housing. » Dr. Housing Bubble Blog

Housing in California is years away from a bottom. Let me make that clear and if you have any doubts, after reading this essay you will have a better understanding as to how I arrived at that conclusion. This article is longer since it will try to answer many of the arguments from those calling for a real estate bottom here in California. After looking at multiple sources of information like income, demographics, sales, psychology, and the economy there is no logical evidence for a housing bottom in California. It is well worth the read and certainly provides more information than a 1 minute sound bite. Recently I have noticed a resurgence of bottom talk coming from professionals in the field but also through e-mail questions.

My assessment is this renewed energy has come from two primary culprits. The first is of course the Housing and Economic Recovery Act of 2008 that provides $300 billion in loan refinances and also bails out Fannie Mae and Freddie Mac. In addition, there are many provisions in the bill to juice the market all of which will have very little impact on California. Both Fannie Mae and Freddie Mac announce earnings this week and the news isn’t going to be good. Freddie Mac lost $821 million in the second quarter and announced that they will be slashing their dividend from 25 cents to 5 cents to conserve capital. This wouldn’t be such a big deal except the U.S. taxpayer is now on the hook and a loss for Fannie Mae and Freddie Mac leads us one step closer to a bailout.

The second reason for the upsurge in bottom talk at least for California is the massive price drop we’ve seen this past year. A drop in the median sales price statewide by 38.38% is bound to get the attention of anyone. Yet simply because prices have fallen steeply in one year does not signal that now is a good time to buy. In fact, I will give you 10 solid reasons in this article why we are years away from any bottom in California.

If you are serious about correcting negative cash flow situations, you really have to create a budget that takes into account how much money is coming in and going out. In the case of our country, it has gone into debt counseling, was told to cut up the credit cards but is refusing to do so and is actually applying for more credit cards!

What you will not hear from bottom talkers is any mention of incomes from the vast majority of people. Sure they will use random examples of those in Bel Air, Brentwood, Laguna Beach, or Newport Coast but that is a tiny fraction of the population. They cannot use income as a measure of support because it will demolish their bottom theory. Let us now move on to the 10 reasons why California is years away from a housing bottom

Seems that there is more to the story with T. Boone Pickens than just windmills to save America. Seems that T-Bone Pickens and friends now have picking the meat off the bone down to an art form. Now we hear that he has the largest water rights in the U.S. and state eminent domain laws in Texas were changed for him so he could set up a water district and use eminent domain powers. his Windmill right of ways can also piggyback on his water district eminent domain power.

Anyone who thinks that money for T-Bone is not the motivation in his national campaign for windmills is not getting the full story. If land owners oppose his water and wind distribution systems going across their lands he plans to use these new eminent domain laws to make them comply and to make himself more billions.

Is natural gas the answer for our cars? This link will tell you all about the idea that T. Boone Pickens promotes on TV about converting vehicles to natural gas. Turns out that T. Boone Pickens also has huge investments in natural gas. What all the TV hype seems to come down to is that Pickens is promoting his own natural gas investments and his own windmill investments on TV and calling it the answer to our foreign oil dependence! I guess Mr T. Boone Pickens thinks we should trade in our foreign oil dependence for dependence on him. Here is the response to the Pickens spokesman that responded to natural gas article above.

I have a better idea Mr Pickens. Just tell all the politicians to allow oil drilling here and now or we should remove all the obstructionists from public office! If off-shore drilling were allowed and if the development of our oil shale and coal were allowed we would not have any foreign energy dependence.

FOXNews.com - Pickens Gives New Meaning to ‘Self-Government’ - Opinion

The more you learn about T. Boone Pickens’ plan to switch America to wind power, the more you realize that he seems willing to say and do just about anything to make another billion or two.

Simply put, Pickens’ pitch is “embrace wind power to help break our ‘addiction’ to foreign oil.” There is, however, another intriguing component to Pickens’ plan that goes unmentioned in his TV commercials, media interviews and web site — water rights, which he owns more of than any other American.

But wait, you say, Pickens is not a government entity. How can he use eminent domain? Are you sitting down?

At Pickens’ behest, the Texas legislature changed state law to allow the two residents of an 8-acre parcel of land in Roberts County to vote to create a municipal water district, a government agency with eminent domain powers. Who were the voters? They were Pickens’ wife and the manager of Pickens’ nearby ranch. And who sits on the board of directors of this water district? They are the parcel’s three other non-resident landowners, all Pickens’ employees.

Earlier this year, Texas changed its law to allow renewable energy projects (like Pickens’ wind farm) to obtain rights-of-way by piggybacking on a water district’s eminent domain power. So Pickens can now use his water district’s authority to also condemn land for his future wind farm’s transmission lines.

Who will pay for the rights-of-way and the transmission lines and pipelines? Thanks to another gift from Texas politicians, Pickens’ water district can sell tax-free, taxpayer-guaranteed municipal bonds to finance the $2.2 billion cost of the water pipeline. And then earlier this month, the Texas legislature voted to spend $4.93 billion for wind farm transmission lines. While Pickens has denied that this money is earmarked for him, he nevertheless is building the largest wind farm in the world.

Pickens has gamed Texas for his own ends, and now he’s trying to game the rest of us, too. Worse, his gamesmanship includes lending his billionaire resources, prominent stature and feudal powers bestowed upon him by the Texas legislature to help the Greens gain control over the U.S. energy supply.

Greed, speculation, nations spending more than they have and stupidity have put the whole world in danger of an economic Armageddon. Some of what is going on and is about to happen can be found in the link below. The world bankers are now putting their fingers in dikes to plug the leaks but they may soon run out of fingers.

The global economy is at the point of maximum danger - Telegraph

It feels like the summer of 1931. The world’s two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems able to discern the problem, let alone forge a solution.

The coalitions in Belgium and Austria have just collapsed. Germany’s left-right team is fraying. One German banker told me that the doctrines of “left Nazism” (Otto Strasser’s group, purged by Hitler) had captured the rising Die Linke party. The Social Democrats are picking up its themes to protect their flank.

This is the healthy part of Europe. Further south, we are not far away from civic protest. BNP Paribas has just issued a hurricane alert for Spain.

Finance minister Pedro Solbes said Spain is facing the “most complex” economic crisis in its history. Actually, it is very simple. The country was lulled into a trap by giveaway interest rates of 2pc under EMU, leading to a current account deficit of 10pc of GDP.

China, India, East Europe and emerging Asia have all stolen growth from the future by condoning credit excess. To varying degrees, they are now being forced to pay back their own “inter-temporal overdrafts”.

If we are lucky, America will start to stabilise before Asia goes down. Should our leaders mismanage affairs, almost every part of the global system will go down together. Then we are in trouble.

This article tells how Al Gore used his political power to channel money to spread his global warming apocalyptic lies in order to transform society to his socialist vision of world governance through “enlightened” people like himself. Gore is one of the top con artists of our time who uses peoples fears and peoples greed for money and power. Al Gore especially likes to scare children and the gullible to create a sense of panic. His real agenda is leftist fascist eco-extremism. You probably have about one year to prick this gas bag or laws will already be set in place to eventually tax, control and regulate everyone and every product on earth.

FrontPage Magazine

“Cynical politics” may be a redundancy, but it is hard to imagine a more cynical political issue than global warming (GW). In his 1992 book Earth in the Balance, Al Gore called for a “wrenching transformation of society.” Leftists, with their elitist penchant for social engineering, didn’t need any convincing. The challenge for Gore was the inconvenient truth that, in a democracy, a would-be central planner needs to get the masses on his side, too. To do that, he borrowed a strategy encapsulated in H.L. Mencken’s statement, “The whole aim of practical politics is to keep the populace alarmed by menacing it with an endless series of hobgoblins, all of them imaginary.” Apocalyptic GW became Al Gore’s hobgoblin of choice.

Gore needed the scientific community to back up his assertions and the media to spread the word. Enlisting the help of the media was easy (apocalyptic fantasies are sure ratings winners), but getting enough scientists on board was trickier. When Gore started his GW campaign in the early 1990s, a contemporary Gallup poll of scientists showed that only 18 percent thought there was any evidence to support Gore’s theory. Even a survey conducted by Greenpeace found only 13 percent of climatologists willing to declare GW “probable.”

Nevertheless, Gore repeatedly claimed that (literally) 98 percent of scientists agreed with him, and he exhorted reporters to ignore skeptics. Right from the outset, the GW cult (like other illiberal movements, such as communism and fascism) had to resort to the “big lie” technique to make it appear that the science of GW was settled.

Kyoto’s agenda wasn’t to save the world, but to shackle economic activity in this country through curbing energy consumption. It’s easy to understand why foreign economic competitors would want this, but why would Gore and American liberals want to do this to the American people? The answer is simple: the lust for power and importance. Remember: control energy and you control people.

Crooked greedy Dentists are a much worse problem then suggested in this article. Those that are bilking Medicaid are also bilking cash paying and insurance paying customers. When you go in for a cleaning they tell you need fillings. Often you do not. When you go in for a filling they tell you need a root canal and a crown. Often you do not. Who checks the honesty of their diagnoses? Until we get proper dental oversight I suggest that everyone get a second opinion before you let anyone do work on your teeth. You would not believe how many slime balls are in your mouth.

Dentists who prey on children

I don’t know about you, but just mentioning the word dentist makes my stomach churn. The sound of a dentist’s drill sends shivers down my spine. One of the most frightening lines in the English language is: “You need a root canal.”

As if we needed another reason to hate dentists, did you know that some dentists intentionally perform unnecessary dental work just to be able to bilk the government?

It gets worse. These same dentists have removed good teeth of poor children just to increase billings to Medicaid. I wish I could tell you this was the plot of a horror film, but this grotesque form of fraud is happening in real life.

I have been hearing that there is no reason to pump more oil for some time now. If plenty of oil is being pumped but everyone is cutting back because of the price where is the oil? You can only store so much oil and then you would have to stop pumping but no one is doing that so obviously greed is the reason that OPEC does not want to increase production. They are lying through their teeth.

I would be past asking OPEC and Saudi Arabia to pump more oil. Its time the world told them they will pump more oil until the price gets down to around $50 a barrel or OPEC is going to be internationally outlawed as the criminal cartel it is.

OPEC is bring the world to an economic crises point and if the big powers don’t do something rather quickly it is going to be too late.

I have a suggestion. Everyone should open up their national oil reserves right now and at the same time the U.S. should take care of the Iranian nuclear and military threat. After this threat is out of the way there will be no future oil speculation because of the Iranian threat. Then we should go all out to help Iraq gear up their oil producing capability and also tell Saudi Arabia that they will fill the gap or they risk dire consequences.

OPEC sees no need to pump more after price surge | Reuters

DUBAI (Reuters) - OPEC members saw no need on Sunday to pump more oil in response to last week’s double-digit surge in oil prices to over $139 a barrel that top exporter Saudi Arabia described as unjustified.

Top oil exporter Saudi Arabia is the only OPEC member with capacity to boost output quickly and significantly.

But Saudi Oil Minister Ali al-Naimi and his Pakistani counterpart met on Sunday and agreed that the price rise was unjustified and unrelated to market fundamentals, the official Saudi Press Agency reported.

“The increase of the oil prices is becoming a real threat to the worldwide economy,” Germany’s Economy Minister Michael Glos told Reuters.

$150 OIL?

OPEC blames factors beyond its control, including speculation and international political tension, for the price rises. Those factors could take prices even higher soon, said Iran’s OPEC representative Muhammad Ali Khatibi.

“I forecast that by the end of summer the price of oil will reach $150 a barrel,” Mohammad Ali Khatibi was quoted as saying by Iran’s state broadcaster.

If Mexico does not win this battle on drug trafficking we will end up with a hostile nation on our south border. Then we will be forced to send our military to defend our south border. The first thing we need to do is to start posting that anyone crossing into the U.S. illegally from Mexico is subject to deadly force and give our border patrol the weapons, technology and the backing to carry out that policy.

I don’t care what some are saying about the danger this would bring to the innocent illegals that are only coming across to make a living. They are only coming across now because they know they can. Besides, they are already in great danger by those who smuggle them like cattle along with their drugs - hundreds die each year. Common people in Mexico will soon get the message that you do not cross into the U.S illegally if we truly enforce our borders.

How do Liberal “compassionate” supporters of illegal entry rationalize that this policy is causing thousands of deaths and lawlessness in Mexico? Not to mention that drug running across our south border helps to kill many thousands of Americans and ruin the lives of millions through drug addiction. Is that compassion? Sometimes you need tough laws to protect people from the greedy predators of the world.

They say if we tighten up enforcement of our borders some poor workers might get killed but they totally ignore the fact that many thousands are being killed and that whole nations are being subverted by drug cartels.

Sometimes you have to fight to protect a civil society. Do sane people want drug cartels running Mexico? I assure you it will not have a good outcome. Now is the time to put pressure on our own government to join forces with President Calderon to ruthlessly crush the drug cartels. We also need to crush drug gangs in our own nation that have virtually taken over our inner cities. Now please don’t talk to me about the gang’s civil rights when the civil rights of millions of city dwellers have already been taken away by the gangs.

New Mexican ‘revolución’ crosses border, infects U.S.

In the 18 months since President Felipe Calderon took office vowing to defeat the cartels, the Mexican army, increasingly equipped with modern American-made arms, vehicles and communication, has been deployed across the country in a running battle against the cartels. The death toll is rising. The cartels have executed more than 4,000 people: judges, police chiefs and officers, mayors, military commanders and rival gang members, in a continuing battle over control of territory, particularly in the states of Chihuahua, Sinaloa and Durango. Portions of the Mexican army have been compromised, and many Mexican soldiers are now cartel enforcers.

The danger now is that revenue from smuggling is so great that cartels can not only bribe officials to get their way, but they can permanently buy off (or kill off) key army, government, political and media figures, rendering Mexico a state dominated by the cartels. Things can get much worse in Mexico than they are today. And that means, things can get much worse for America, too. President Calderon deserves U.S. support as he fights the smuggling cartels for control of Mexico

What our government allows some countries to get away with in the name of free trade is demented, it is criminal.
Do we have traders or traitors running our foreign trade policy?

Time to get tough with China on trade

The Bush administration has abysmally mismanaged U.S. trade policy. We hope that the next administration learns from its mistakes. President Bush’s solution to the worsening U.S. trade deficit with China was (drum roll please) talk. That’s right. His strategy was talk, talk, talk; journalists call it “jawboning.” In December 2006, President Bush sent our government’s top five financial leaders to China to convince the Chinese to mend their ways and allow the yuan to
appreciate against the dollar. But, in 2007 our trade deficit with China worsened yet again to $252 billion from $229 billion the previous year. Talking loudly while carrying no stick doesn’t work.

People are about to reap what they let the eco-nitwits start. The question that will be asked too late is why did most of the world support the nitwits junk science solutions to fix a non existent global warming problem? If people continue to allow themselves to be brainwashed and managed by these silly nitwit eco-loons, elitists and control freaks they will reap very negative consequences.

People need to teach themselves how to think for themselves and not just parrot and agree with everything they hear from the nitwits in the elitist controlled media.

FOXNews.com - Junk Science: A New ‘Green’ Body Count Begins - Opinion

Food riots caused by rising food prices have erupted around the world. Five people died in uprisings in Haiti, perhaps the first of many casualties to come from the fad of being “green.”

Food riots also broke out in Egypt, Cameroon, Ivory Coast, Senegal and Ethiopia. The military is being deployed in Pakistan and Thailand to protect fields and warehouses. Higher energy costs and policies promoting the use of biofuels such as ethanol are being blamed.

“When millions of people are going hungry, it’s a crime against humanity that food should be diverted to biofuels,” an Indian government official told the Wall Street Journal. Turkey’s finance minister labeled the use of biofuels as “appalling,” according to the paper.

Biofuels have turned out to be a lose-lose-lose proposition. Once touted by the greens and the biofuel industry as being able to reduce the demand for oil and lower greenhouse gas emissions, biofuels have accomplished neither goal and have no prospect for accomplishing either in the foreseeable future.

The world has an ever-growing population that needs more and more energy, but the greens are doing everything they can to constrict the world’s energy supply.

As the Sierra Club campaigns to shut down our coal-fired electricity capabilities, the Natural Resources Defense Council campaigns to prevent nuclear power from taking its place. The demise of coal-fired power and the blockage of increased nuclear power will increase the demand for supply constraints on, and the prices for, natural gas.

But then again, environmental advocacy group Earth First perhaps is helping to alleviate the looming natural gas crisis by campaigning against power plants that use the fuel. In a recent campaign against a South Florida power plant, an Earth First campaigner stated that the environment ought not be threatened “so that people can fuel their greedy energy desires.” “Just say ‘no’ to electricity,” seems to be the bottom line of eco-think.

Every so often I read the daily news and I just get feed up with the inept leaders that are running this world. They do not seem to have a collective grain of wisdom between them.

Today we read that wholesale prices are up 1.1 percent in one month! Oil is at $113 a barrel and rising and food prices have gone up so much that people in poor countries are in danger of starvation.

Now who were the idiots that suggested we make grains into alcohol to run cars? I recall that Bush signed a piece of nutty legislation that will make 20 percent of our liquid fuel alcohol. The EU and other countries are also converting grains to alcohol. Meanwhile, people in poor countries are going hungry and are in danger of starving. Great thinking guys! With leadership and thinking like that you must of slept through your education classes and especially through your leadership training. These nutty polices must be reversed now!

I know the hype coming from Al Gore, had something to do with these government polices and that is why I say Al Gore is the most dangerous man in the world. Those that follow his leading will in the end bring starvation to millions.

Since you world leaders are clueless let me tell you the solutions?

1. Stop converting grains to make alcohol to run in cars. It was never needed. It is inefficient and the world does not have food to burn! Will this increase demand on oil? Not much. Any oil shortfalls can be taken care of quite easily as I will outline below.

2. Stop paying over $100 a barrel for oil to these vultures. I would not pay more than $50. How do we do that? First we DISBAND OPEC by world or U.S. decree. It is an illegal monopoly. If anyone whats to argue about it, that is why our taxes pay for all our aircraft carrier task forces. They were built to protect us from foreign enemies. If anyone thinks paying these extortion rates for oil (from wells that we developed in the Middle East) are not a huge danger to our country they are not living in reality. By the way, “our friend” Saudi Arabia alone could pump enough additional oil to bring the world oil prices down significantly.

3. Cut through the environmental red tape and allow for oil drilling off our coasts and in Alaska. There is significant oil there. All oil companies during this national emergency should be required to reinvest most profits into new energy production until balanced energy levels are achieved.

4. Vastly expand coal production and scrap all the restrictions put on new coal plants because of the global waring nonsense. We could make liquid fuel out of coal slurry for our cars and also use coal generating plants for spare electric generation at night for charging electric cars.

5. Build some damn refineries. Not one has been built in 30 years in this country mostly due to asinine environmental regulations. Meanwhile stop the insane laws that required scores of different types of fuel and fuel additives that adds to the costs and creates spot fuel shortages. Let the refineries we have produce 5 or 6 different major fuels and not be required to make 50.

6. Stop this crazy oil speculation in the markets. They are adding a third to the price of oil and they add nothing to our economy other than gambling. It can be stopped.

7. Government Incentives for mass production of reasonable priced electric cars for city commuting.

8. A major national project to develop solar energy production. They are doing it in Israel, we can certainly do it here. Solar energy at less then 10C a KW hour is easily achievable in the Southwestern deserts with today’s technology. The above ground land area in the Nevada Nuclear Test Site alone could produce much of the electricity needs for this country at reasonable rates.

Contact your representatives in Washington and demand action.

Your 100 percent correct. I wrote that insurance was the main problem with medical costs two years ago in this article. Medical costs could be reduced at least a third if you got rid of the insurance Mafia.

The Health Insurance Mafia - WSJ.com

Physicians and other providers need to liberate themselves from the Faustian bargain they’ve cut with the Mephistophelian suits who now run their professional lives. Because many doctors are loath to talk about money, they allowed themselves to perpetuate the fantasy that “insurance is paying.” It isn’t. There is no free lunch and no free physical exam.

If substantial numbers of health-care providers shook off the insurance monkey on their back, en masse, and the supply of providers was substantially increased by opening more medical schools, the result would be a more honest, cost-effective system benefiting everyone. Except the insurance companies.

They have no scientific facts to support the Left driven Co2 warming hysteria. They will not accept scientific facts when it is presented to them. So perhaps the next step is to exposed the real reasons for this fraud on the world. When the truth is exposed these blackbirds will be put in cages. Then all the pigeons following them will fly away looking for new refuse piles to scavenge.

American Thinker: The slick trick behind global frauding

In Stalin’s Russia any dissenter from the Party Line was guilty. Innocence had to be proved. It’s a standard tyrant’s trick. During the reign of Oliver Cromwell in England, witchhunters did not have to prove that their victims were guilty. The accused witches had to prove their innocence.

That’s what Al Gore has done to science: He and his friends have flipped innocence and guilt from normal science to Stalinist science.

In Al Gore’s America, any “global warming denier” is guilty until proven innocent. He or she must have been bought off by Big Oil. Skeptics, no matter how well-qualified, must prove the negative about really silly alarmist hogwash. And whenever some prediction is falsified, the warm mongers have an explanation: it’s just a temporary glitch in the data. Oh, yes, we were wrong about 1998, but just wait till 2050! The excuses are endless.

There are no facts robust enough, consistent enough, and verified enough to support the mass hysteria. The climate system is hypercomplex, nonlinear and poorly understood. The media spinners are immensely ignorant about real science, and just care about the next scare headline. There’s a lot of wild speculation and a mob of self-serving politicians, bureaucrats and media types who stand to gain a ton of power and money by suckering millions of taxpayers. Al Gore just started a 300 million dollar PR campaign to convince everybody. When was the last time you saw 300 million bucks being spent to promote a scientific hypothesis that was already proven? We’re not spending millions to prove the existence of gravity. The uproar and money involved in this fraud is in direct proportion to the lack of solid facts.

The last ten years have seen global cooling, not warming.