Al Gore comes to South Park Elementary to give a talk about the biggest threat to the world, ManBearPig, a creature that's half man, half bear and half pig. Is it any more ludicrous than global warming?
Sarah Palin's Hand Notes
This is huge. Forget Watergate, Forget Bill Clinton, forget any political scandal, because those are all small beans. The MSM is going nuts over the biggest political scandal of our, or anyone's lifetime: Sarah Palin had notes written on her hand during a speech. Where is the investigation into this? This is uncalled for, and totally outrageous. Why can't she just read verbatim from a teleprompter like the anointed one?
Not to be outdone, Biden and Obama have started copying Palin, in hopes of leeching some of her popularity.
But was Sarah going to take this lying down? No, she isn't John Edwards Mistress or a Clinton intern. Sarah mocked the media by writing "Hi Mom" on her hand, while out campaigning for Rick Perry. If they are gonna focus on what she writes on her digits, it might as well be something nice.
I can only imagine the uproar a few index cards would have caused.
Not to be outdone, Biden and Obama have started copying Palin, in hopes of leeching some of her popularity.
But was Sarah going to take this lying down? No, she isn't John Edwards Mistress or a Clinton intern. Sarah mocked the media by writing "Hi Mom" on her hand, while out campaigning for Rick Perry. If they are gonna focus on what she writes on her digits, it might as well be something nice.
I can only imagine the uproar a few index cards would have caused.
It Is Now Mathematically Impossible To Pay Off The U.S. National Debt
It Is Now Mathematically Impossible To Pay Off The U.S. National Debt
A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are demanding a solution. What they don't realize is that there simply is not a solution under the current U.S. financial system. It is now mathematically impossible for the U.S. government to pay off the U.S. national debt. You see, the truth is that the U.S. government now owes more dollars than actually exist. If the U.S. government went out today and took every single penny from every single American bank, business and taxpayer, they still would not be able to pay off the national debt. And if they did that, obviously American society would stop functioning because nobody would have any money to buy or sell anything.
And the U.S. government would still be massively in debt.
So why doesn't the U.S. government just fire up the printing presses and print a bunch of money to pay off the debt?
Well, for one very simple reason.
That is not the way our system works.
You see, for more dollars to enter the system, the U.S. government has to go into more debt.
The U.S. government does not issue U.S. currency - the Federal Reserve does.
The Federal Reserve is a private bank owned and operated for profit by a very powerful group of elite international bankers.
If you will pull a dollar bill out and take a look at it, you will notice that it says "Federal Reserve Note" at the top.
It belongs to the Federal Reserve.
The U.S. government cannot simply go out and create new money whenever it wants under our current system.
Instead, it must get it from the Federal Reserve.
So, when the U.S. government needs to borrow more money (which happens a lot these days) it goes over to the Federal Reserve and asks them for some more green pieces of paper called Federal Reserve Notes.
The Federal Reserve swaps these green pieces of paper for pink pieces of paper called U.S. Treasury bonds. The Federal Reserve either sells these U.S. Treasury bonds or they keep the bonds for themselves (which happens a lot these days).
So that is how the U.S. government gets more green pieces of paper called "U.S. dollars" to put into circulation. But by doing so, they get themselves into even more debt which they will owe even more interest on.
So every time the U.S. government does this, the national debt gets even bigger and the interest on that debt gets even bigger.
Are you starting to get the picture?
As you read this, the U.S. national debt is approximately 12 trillion dollars, although it is going up so rapidly that it is really hard to pin down an exact figure.
So how much money actually exists in the United States today?
Well, there are several ways to measure this.
The "M0" money supply is the total of all physical bills and currency, plus the money on hand in bank vaults and all of the deposits those banks have at reserve banks. As of mid-2009, the Federal Reserve said that this amount was about 908 billion dollars.
The "M1" money supply includes all of the currency in the "M0" money supply, along with all of the money held in checking accounts and other checkable accounts at banks, as well as all money contained in travelers' checks. According to the Federal Reserve, this totaled approximately 1.7 trillion dollars in December 2009, but not all of this money actually "exists" as we will see in a moment.
The "M2" money supply includes everything in the "M1" money supply plus most other savings accounts, money market accounts, retail money market mutual funds, and small denomination time deposits (certificates of deposit of under $100,000). According to the Federal Reserve, this totaled approximately 8.5 trillion dollars in December 2009, but once again, not all of this money actually "exists" as we will see in a moment.
The "M3" money supply includes everything in the "M2" money supply plus all other CDs (large time deposits and institutional money market mutual fund balances), deposits of eurodollars and repurchase agreements. The Federal Reserve does not keep track of M3 anymore, but according to ShadowStats.com it is currently somewhere in the neighborhood of 14 trillion dollars. But again, not all of this "money" actually "exists" either.
So why doesn't it exist?
It is because our financial system is based on something called fractional reserve banking.
When you go over to your local bank and deposit $100, they do not keep your $100 in the bank. Instead, they keep only a small fraction of your money there at the bank and they lend out the rest to someone else. Then, if that person deposits the money that was just borrowed at the same bank, that bank can loan out most of that money once again. In this way, the amount of "money" quickly gets multiplied. But in reality, only $100 actually exists. The system works because we do not all run down to the bank and demand all of our money at the same time.
According to the New York Federal Reserve Bank, fractional reserve banking can be explained this way.
"If the reserve requirement is 10%, for example, a bank that receives a $100 deposit may lend out $90 of that deposit. If the borrower then writes a check to someone who deposits the $90, the bank receiving that deposit can lend out $81. As the process continues, the banking system can expand the initial deposit of $100 into a maximum of $1,000 of money ($100+$90+81+$72.90+...=$1,000)."
So much of the "money" out there today is basically made up out of thin air.
In fact, most banks have no reserve requirements at all on savings deposits, CDs and certain kinds of money market accounts. Primarily, reserve requirements apply only to "transactions deposits" – essentially checking accounts.
The truth is that banks are freer today to dramatically "multiply" the amounts deposited with them than ever before. But all of this "multiplied" money is only on paper - it doesn't actually exist.
The point is that the broadest measures of the money supply (M2 and M3) vastly overstate how much "real money" actually exists in the system.
So if the U.S. government went out today and demanded every single dollar from all banks, businesses and individuals in the United States it would not be able to collect 14 trillion dollars (M3) or even 8.5 trillion dollars (M2) because those amounts are based on fractional reserve banking.
So the bottom line is this:
#1) If all money owned by all American banks, businesses and individuals was gathered up today and sent to the U.S. government, there would not be enough to pay off the U.S. national debt.
#2) The only way to create more money is to go into even more debt which makes the problem even worse.
You see, this is what the whole Federal Reserve System was designed to do. It was designed to slowly drain the massive wealth of the American people and transfer it to the elite international bankers.
It is a game that is designed so that the U.S. government cannot win. As soon as they create more money by borrowing it, the U.S. government owes more than what was created because of interest.
If you owe more money than ever was created you can never pay it back.
That means perpetual debt for as long as the system exists.
It is a system designed to force the U.S. government into ever-increasing amounts of debt because there is no escape.
Of course if we had listened to our very wise founding father Thomas Jefferson, we could have avoided this colossal mess in the first place.
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."
But we didn't listen, did we?
We could solve this problem by shutting down the Federal Reserve and restoring the power to issue U.S. currency to the U.S. Congress (which is what the U.S. Constitution calls for). But the politicians in Washington D.C. are not about to do that.
So unless you are willing to fundamentally change the current system, you might as well quit complaining about the U.S. national debt because it is now mathematically impossible to pay it off.
A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are demanding a solution. What they don't realize is that there simply is not a solution under the current U.S. financial system. It is now mathematically impossible for the U.S. government to pay off the U.S. national debt. You see, the truth is that the U.S. government now owes more dollars than actually exist. If the U.S. government went out today and took every single penny from every single American bank, business and taxpayer, they still would not be able to pay off the national debt. And if they did that, obviously American society would stop functioning because nobody would have any money to buy or sell anything.
And the U.S. government would still be massively in debt.
So why doesn't the U.S. government just fire up the printing presses and print a bunch of money to pay off the debt?
Well, for one very simple reason.
That is not the way our system works.
You see, for more dollars to enter the system, the U.S. government has to go into more debt.
The U.S. government does not issue U.S. currency - the Federal Reserve does.
The Federal Reserve is a private bank owned and operated for profit by a very powerful group of elite international bankers.
If you will pull a dollar bill out and take a look at it, you will notice that it says "Federal Reserve Note" at the top.
It belongs to the Federal Reserve.
The U.S. government cannot simply go out and create new money whenever it wants under our current system.
Instead, it must get it from the Federal Reserve.
So, when the U.S. government needs to borrow more money (which happens a lot these days) it goes over to the Federal Reserve and asks them for some more green pieces of paper called Federal Reserve Notes.
The Federal Reserve swaps these green pieces of paper for pink pieces of paper called U.S. Treasury bonds. The Federal Reserve either sells these U.S. Treasury bonds or they keep the bonds for themselves (which happens a lot these days).
So that is how the U.S. government gets more green pieces of paper called "U.S. dollars" to put into circulation. But by doing so, they get themselves into even more debt which they will owe even more interest on.
So every time the U.S. government does this, the national debt gets even bigger and the interest on that debt gets even bigger.
Are you starting to get the picture?
As you read this, the U.S. national debt is approximately 12 trillion dollars, although it is going up so rapidly that it is really hard to pin down an exact figure.
So how much money actually exists in the United States today?
Well, there are several ways to measure this.
The "M0" money supply is the total of all physical bills and currency, plus the money on hand in bank vaults and all of the deposits those banks have at reserve banks. As of mid-2009, the Federal Reserve said that this amount was about 908 billion dollars.
The "M1" money supply includes all of the currency in the "M0" money supply, along with all of the money held in checking accounts and other checkable accounts at banks, as well as all money contained in travelers' checks. According to the Federal Reserve, this totaled approximately 1.7 trillion dollars in December 2009, but not all of this money actually "exists" as we will see in a moment.
The "M2" money supply includes everything in the "M1" money supply plus most other savings accounts, money market accounts, retail money market mutual funds, and small denomination time deposits (certificates of deposit of under $100,000). According to the Federal Reserve, this totaled approximately 8.5 trillion dollars in December 2009, but once again, not all of this money actually "exists" as we will see in a moment.
The "M3" money supply includes everything in the "M2" money supply plus all other CDs (large time deposits and institutional money market mutual fund balances), deposits of eurodollars and repurchase agreements. The Federal Reserve does not keep track of M3 anymore, but according to ShadowStats.com it is currently somewhere in the neighborhood of 14 trillion dollars. But again, not all of this "money" actually "exists" either.
So why doesn't it exist?
It is because our financial system is based on something called fractional reserve banking.
When you go over to your local bank and deposit $100, they do not keep your $100 in the bank. Instead, they keep only a small fraction of your money there at the bank and they lend out the rest to someone else. Then, if that person deposits the money that was just borrowed at the same bank, that bank can loan out most of that money once again. In this way, the amount of "money" quickly gets multiplied. But in reality, only $100 actually exists. The system works because we do not all run down to the bank and demand all of our money at the same time.
According to the New York Federal Reserve Bank, fractional reserve banking can be explained this way.
"If the reserve requirement is 10%, for example, a bank that receives a $100 deposit may lend out $90 of that deposit. If the borrower then writes a check to someone who deposits the $90, the bank receiving that deposit can lend out $81. As the process continues, the banking system can expand the initial deposit of $100 into a maximum of $1,000 of money ($100+$90+81+$72.90+...=$1,000)."
So much of the "money" out there today is basically made up out of thin air.
In fact, most banks have no reserve requirements at all on savings deposits, CDs and certain kinds of money market accounts. Primarily, reserve requirements apply only to "transactions deposits" – essentially checking accounts.
The truth is that banks are freer today to dramatically "multiply" the amounts deposited with them than ever before. But all of this "multiplied" money is only on paper - it doesn't actually exist.
The point is that the broadest measures of the money supply (M2 and M3) vastly overstate how much "real money" actually exists in the system.
So if the U.S. government went out today and demanded every single dollar from all banks, businesses and individuals in the United States it would not be able to collect 14 trillion dollars (M3) or even 8.5 trillion dollars (M2) because those amounts are based on fractional reserve banking.
So the bottom line is this:
#1) If all money owned by all American banks, businesses and individuals was gathered up today and sent to the U.S. government, there would not be enough to pay off the U.S. national debt.
#2) The only way to create more money is to go into even more debt which makes the problem even worse.
You see, this is what the whole Federal Reserve System was designed to do. It was designed to slowly drain the massive wealth of the American people and transfer it to the elite international bankers.
It is a game that is designed so that the U.S. government cannot win. As soon as they create more money by borrowing it, the U.S. government owes more than what was created because of interest.
If you owe more money than ever was created you can never pay it back.
That means perpetual debt for as long as the system exists.
It is a system designed to force the U.S. government into ever-increasing amounts of debt because there is no escape.
Of course if we had listened to our very wise founding father Thomas Jefferson, we could have avoided this colossal mess in the first place.
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."
But we didn't listen, did we?
We could solve this problem by shutting down the Federal Reserve and restoring the power to issue U.S. currency to the U.S. Congress (which is what the U.S. Constitution calls for). But the politicians in Washington D.C. are not about to do that.
So unless you are willing to fundamentally change the current system, you might as well quit complaining about the U.S. national debt because it is now mathematically impossible to pay it off.
Show ACORN the Money
From The American Spectator:ACORN and other left-wing advocacy groups could be eligible for up to $3.99 billion in federal funding included in the $3.83 trillion fiscal 2011 budget blueprint that President Obama unveiled last week.
ACORN and other left-wing advocacy groups could be eligible for up to $3.99 billion in federal funding included in the $3.83 trillion fiscal 2011 budget blueprint that President Obama unveiled last week.
The $3.99 billion comes from a congressional slush fund known as the Community Development Block Grant (CDBG) program, which is part of the Department of Housing and Urban Development’s (HUD) $48.5 billion fiscal 2011 budget. CDBG grants, which are awarded to states and localities, pass indirectly to ACORN.
How is more funding of ACORN possible when Congress passed a ban on funding the group and its affiliates just last year?
Congress has already hinted it might vote to restore funding to ACORN. On Dec. 8 the House Appropriations Committee rejected on a party line vote of 9 to 5 an amendment offered by Rep. Tom Latham (R-Iowa) that would have blocked federal funding of ACORN.
And in December federal Judge Nina Gershon restored federal funding of ACORN by issuing a temporary injunction against the congressional funding ban. The Brooklyn-based Gershon, a Bill Clinton appointee, determined that depriving ACORN of taxpayer dollars was an unconstitutional “bill of attainder” that singled out ACORN for punishment without trial.
You might be familiar with Gershon’s oeuvre. In 1999 she ruled then-New York mayor Rudy Giuliani had no right to cut off city funding of the Brooklyn Museum of Art when it displayed dead animals and a painting of the Virgin Mary decorated with elephant dung.
Gershon’s order covered the federal government’s temporary spending legislation that expired Dec. 18 but ACORN is asking that the injunction be modified to cover the remainder of fiscal 2010, which ends Sept. 30. If the litigation drags on, ACORN will undoubtedly seek another modification to cover fiscal 2011.Read the whole article here.
Via
Tim Tebow Ad
From our friend, Mitchell B.:
Tim Tebow's mom celebrated how much she loved Tim Tebow in her ads today, and liberals said it was wrong because it could lead to parents having meaningful relationships with their children and raising them properly. NOW even wanted to ban it.
In my sports blog, I take the libs to task for their (retarded?) response to the Tebow ad especially considering the fact that they didn't give a damn about the GoDaddy ad:
But I guess showing a real family is pretty damn offensive to liberals. They'd rather have both parents working and the kid being raised by the television.
Tim Tebow's mom celebrated how much she loved Tim Tebow in her ads today, and liberals said it was wrong because it could lead to parents having meaningful relationships with their children and raising them properly. NOW even wanted to ban it.
In my sports blog, I take the libs to task for their (retarded?) response to the Tebow ad especially considering the fact that they didn't give a damn about the GoDaddy ad:
But I guess showing a real family is pretty damn offensive to liberals. They'd rather have both parents working and the kid being raised by the television.
Funny - Obama Quizzes Biden
Barack Obama met with the Queen of England. He asked her, "Your Majesty, how do you run such an efficient government? Are there any tips you can give to me?""Well," said the Queen, "the most important thing is to surround yourself with intelligent people."
Obama frowned and then asked, "But how do I know the people around me are really intelligent?"
The Queen took a sip of tea. "Oh, that's easy; you just ask them to answer an intelligent riddle." The Queen pushed a button on her intercom. "Please send Tony Blair in here, would you?"
Tony Blair walked into the room and said, "Yes, my Queen?"
The Queen smiled and said, "Answer me this please, Tony, your mother and father have a child. It is not your brother and it is not your sister. Who is it?"
Without pausing for a moment, Tony Blair answered, "That would be me."
"Yes! Very good," said the Queen.
Obama went back home to ask Joe Biden, his vice presidential choice the same question. "Joe, answer this for me. Your mother and your father have a child. It's not your brother and it's not your sister. Who is it?"
"I'm not sure," said Biden. "Let me get back to you on that one." He went to his advisors and asked every one, but none could give him an answer. Finally, he ended up in the men's room and recognized Colin Powell's shoes in the next stall.
Biden asked Powell, "Colin, can you answer this for me? Your mother and father have a child and it's not your brother or your sister. Who is it?"
Colin Powell yelled back, "That's easy, it's me!"
Biden smiled, and said, "Thanks!"
Then, he went back to speak with Obama. "Say, I did some research and I have the answer to that riddle. It is Colin Powell!"
Obama got up, stomped over to Biden, and angrily yelled into his face, "No! you idiot! It's Tony Blair!"
Third Party is the Wrong Party for Tea Partiers
There is no mystery about what most Tea Partiers seek — a limited, transparent government that listens to them and resists ideologues with millennial blueprints to remake America in their own image, minimal taxation and regulation, strong national defense, and an unapologetic commitment to American exceptionalism abroad.
Tea Partiers should seek out or field candidates in both major parties who support those aims and do everything possible to elect them, then hold their feet to the fire of accountability. Just imagine a bipartisan Tea Party Caucus with sufficient numbers in Congress to drive the national agenda.
That could be a conquering army like none before in American politics.
Via
What are your thoughts? Historically, third parties haven't worked, I'm a little hesitant to embrace one. It's clear something has to be done, since we conservatives are not being accurately represented, I'm just not sure what to do.
Tea Partiers should seek out or field candidates in both major parties who support those aims and do everything possible to elect them, then hold their feet to the fire of accountability. Just imagine a bipartisan Tea Party Caucus with sufficient numbers in Congress to drive the national agenda.
That could be a conquering army like none before in American politics.
Via
What are your thoughts? Historically, third parties haven't worked, I'm a little hesitant to embrace one. It's clear something has to be done, since we conservatives are not being accurately represented, I'm just not sure what to do.
Phony U.S. Marshal Gets Into Airport With Fake "Prisoner”
Phony U.S. Marshal gets into airport with fake "prisoner." And got the "prisoner" onto a plane. The country's in the very best of hands.
A Hemet man who passed himself off as a U.S. Marshal was able to enter the international airport in San Diego with a “prisoner” after convincing airport security officers he was a federal agent, a TSA spokeswoman confirmed Tuesday.
Suzanne Trevino, spokeswoman for the Transportation Security Administration, said in a telephone interview that an investigation has revealed that someone who presented “falsified law enforcement documents” was able to get past security and eventually make it to a gate with a prisoner. The individual presented himself as a law enforcement officer and followed the proper procedures, including logging in, she said.
Via
A Hemet man who passed himself off as a U.S. Marshal was able to enter the international airport in San Diego with a “prisoner” after convincing airport security officers he was a federal agent, a TSA spokeswoman confirmed Tuesday.
Suzanne Trevino, spokeswoman for the Transportation Security Administration, said in a telephone interview that an investigation has revealed that someone who presented “falsified law enforcement documents” was able to get past security and eventually make it to a gate with a prisoner. The individual presented himself as a law enforcement officer and followed the proper procedures, including logging in, she said.
Via
Falling Apart at the Seams - Scientist Hid Climate Data
Global warming is quickly falling apart, as all scams eventually do. It was reported today that some leaked e-mails show how a scientist hid vital climate data. From Newsmax:Professor Phil Jones, who was director of the Climatic Research Unit and an environmental sciences professor at the University of East Anglia in Norwich and at the center of the leaked e-mails controversy, is facing fresh claims that he sought to hide problems in key temperature data on which some of his work was based, according to a Guardian report.
Terrorist Attack Likely
Terrorist Attempt 'Certain' in Months
Say what you want about Dubya, but it never happened again on his watch.
The five senior leaders of the U.S. intelligence community told a Senate panel Tuesday they are "certain" that terrorists will attempt another attack on the United States in the next three to six months.
The warning came during the annual threat briefing to Congress in response to questions from Sen. Dianne Feinstein, California Democrat and chairman of the Senate Select Committee on Intelligence, who asked, "What is the likelihood of another terrorist-attempted attack on the U.S. homeland in the next three to six months? High or low?"
"An attempted attack, the priority is certain, I would say," Director of National Intelligence Dennis C. Blair, a retired admiral, said in response.
Say what you want about Dubya, but it never happened again on his watch.
The five senior leaders of the U.S. intelligence community told a Senate panel Tuesday they are "certain" that terrorists will attempt another attack on the United States in the next three to six months.
The warning came during the annual threat briefing to Congress in response to questions from Sen. Dianne Feinstein, California Democrat and chairman of the Senate Select Committee on Intelligence, who asked, "What is the likelihood of another terrorist-attempted attack on the U.S. homeland in the next three to six months? High or low?"
"An attempted attack, the priority is certain, I would say," Director of National Intelligence Dennis C. Blair, a retired admiral, said in response.
Koosh Bullets
I'm a little hesitant to shoot toys at an intruder only to have them return fire with adult bullets. I'll stick with my .45, I think.
Lightfield has been selling these projectiles to law enforcement agencies and wildlife officials for years. Each round is filled with a soft projectile that resembles a koosh ball. They look like toys, because they're made by a Chinese toy factory. The best thing about them is that they aren't likely to kill someone even if they are fired at point blank range. They're so soft that they're almost incapable of penetrating the body.
Learn more about Koosh bullets.
Lightfield has been selling these projectiles to law enforcement agencies and wildlife officials for years. Each round is filled with a soft projectile that resembles a koosh ball. They look like toys, because they're made by a Chinese toy factory. The best thing about them is that they aren't likely to kill someone even if they are fired at point blank range. They're so soft that they're almost incapable of penetrating the body.
Learn more about Koosh bullets.
