Archive for August 21, 2011

21 Signs That The New Reality For Many Baby Boomers Will Be To Work As Wage Slaves Until They Drop Dead

“All over America tonight, millions of elderly Americans are wondering if their money is going to run out before it is time for them to die. Those that are now past retirement age are not going to be rioting in the streets, but that doesn’t mean that large numbers of them are not deeply suffering. There are millions of elderly Americans that are leading lives of “quiet desperation” as they try to get by on meager fixed incomes. Many are surviving on Ramen noodles, oatmeal, peanut butter or whatever other cheap food they can find in the stores. There are some that are so short on cash that they will not turn on the heat in their homes until things get really desperate. As health care costs soar, millions of elderly Americans find themselves deep in debt and facing huge medical bills that they cannot possibly pay. A lot of older Americans would go back to work if they could, but jobs are scarce and very few companies seem to even want to consider hiring them. Right now caring for all of the Americans that have already retired is turning out to be an overwhelming challenge, and things are about to get a whole lot worse. On January 1st, 2011 the very first Baby Boomers turned 65. A massive tsunami of retirees is coming, and America is not ready for it.”

Via The Economic Collapse Blog

Categories: Economy, Retirement

Cyber Attack Doesn’t Stop Ron Paul Money Bomb from Raising $1.7 Million

“2012 contender Ron Paul drew more than $1.7 million dollars (UPDATED AT 2 PM CST and COUNTING) during the Aug. 20 money bomb commemorating his 76th birthday, despite what the campaign says was a cyber attack against the official website. Warning about yet another dirty trick against the campaign, only a week out from the media blackout on Ron Paul’s close-second Iowa straw poll finish, was posted on his official Facebook page:

“The website is under cyber attack. Our team is working to fix this as we speak. So sorry to all who have tried to make donations and could not. We’ll have more info ASAP.”

The campaign went on the announce an extension of the money bomb until noon Sunday on August 21, at which time donation tallies were still rolling in.”

Via Info Wars

Categories: Uncategorized

Shared Sacrifice: Obama Forced To Skip 8th Hole To Avoid Being Photographed Golfing…

“If people don’t mind him taking a vacation (as his spokesman and advisers have been claiming) then why does he go out of his way to avoid being photographed golfing?”

Via Weasel Zippers

Warren Buffett’s Taxing the Rich Won’t Solve Deficit, Says Tax Foundation

“Taxing millionaires and billionaires more – a position advocated by billionaire Warren Buffett and President Barack Obama – won’t make much of a dent in the national debt or the record federal budget deficits, a new study finds.

“Even taking every last penny from every individual making more than $10 million per year would only reduce the nation’s deficit by 12 percent and the debt by 2 percent,” the non-partisan Tax Foundation’s David Logan writes.

“There’s simply not enough wealth in the community of the rich to erase this country’s problems by waving some magic tax wand,” said Logan.”

Via CNS News

Democratic Rep. Maxine Waters ‘The tea party can go straight to hell’

“So much for dialing back the rhetoric, right?

On Saturday in Inglewood, Calif., Democratic Rep. Maxine Waters had some harsh words for the tea party.

“I’m not afraid of anybody,” the California congresswoman told constituents in footage that appeared on ABC affiliate KABC in Los Angeles, not backing down from comments made about President Obama earlier in the week. “This is a tough game. You can’t be intimidated. You can’t be frightened. And as far as I’m concerned — the tea party can go straight to hell.””

“That proclamation was met with cheers from the audience, including attendees adorning purple SEIU T-shirts.”

Via The Daily Caller

Categories: Liberal d-bags, unions

USDA Signs MOU with Rockefeller’s Council on Foundations to Exploit Rural America

“On Friday, Agriculture Secretary Tom Vilsack announced that USDA has signed an agreement with the Council on Foundations “to provide new sources of capital, new job opportunities, workforce investment strategies,” and, last on the list but the heart of it: “identification of additional resources.”

The group will work with Obama’s newly created Rural Council, which Vilsack also chairs, to implement UN Agenda 21 – a 300-page, 40-chapter, “soft-law” policy that came out of the UN Conference on Environment and Development in Brazil in 1992.”

Via Food Freedom at wordpress

Monsanto and the mortal danger to traditional agriculture

“The greatest threat to the future of food production in the world is the introduction of genetically engineered foods from the bio-tech industry. Contrary to their mendacious propagandized promises of solving the problem of world hunger through the so-called second green revolution, the bio-tech companies are instead in the process of destroying the world’s ecosystems, and thus the natural food chains and life cycles. Their goal is certainly not to solve any problem at all, but instead to fill the corporate coffers with the profits from selling their dangerous products to countries with already high mortality rates from malnutrition and starvation.

Despite its growing economy, India is still a country with enormous poverty. What is happening in India is the most visible example of what is going on in the poor countries all over the world. Giving the green light for genetically modified (GM) products, which have caused medical and financial disasters for poor farmers, is outrageous and a positive danger to Indian agriculture in general.”

Via Axis of Logic

Ron Paul: “They’re Setting The Stage For Violence In This Country”

“Paul was asked for his opinion on whether H.R. 645 (The National Emergency Centers Establishment Act) could lead to Americans being incarcerated in detention camps during a time of martial law.

“Yeah, that’s their goal, they’re setting up the stage for violence in this country, no doubt about it,” responded Paul.

The National Emergency Centers Act or HR 645, first introduced in January 2009, mandates the establishment of “national emergency centers” to be located on military installations for the purpose of providing “temporary housing, medical, and humanitarian assistance to individuals and families dislocated due to an emergency or major disaster,” according to the bill.”

Via Info Wars

European Roundup: Germany Nixes Eurobonds Once Again, So Does EU President Herman Van Rompuy; Belgium Wants Eurobonds and Bigger Bailouts

“This weekend Belgium finance minister came out in support of Eurobonds. He may as well have come out in support of the “Great Pumpkin” theory.

Belgium and the PIIGS (Portugal, Ireland, Italy, Greece, Spain) may want Eurobonds but if Germany, France, Finland and other countries don’t want them it is not going to happen. The vote must be unanimous.

Interestingly, EU President Herman Van Rompuy just nixed Eurobonds but a rumors of an EU Eurobond feasibility study ignited a rally on Friday in Europe. That rally faded quickly in the US.

Here is a weekend roundup of European news starting with a look at what’s not going to happen. “

Via MISH’S Global Economic Trend Analysis

Categories: Debt, Economy

Middle class annihilation one penny at a time – 64 percent of Americans do not have adequate savings for an unexpected $1,000 expense.

“The American middle class is furious and this is reflected in how people perceive their failed government but also a financial system that has largely profited from the failures of millions. A recent Gallup poll shows that only 13 percent of Americans actually approve of Congress and the way they are handling their job. This is a record low. Of course the financial system for those too big to fail banks is doing just fine thanks to years of accommodative policy, taxpayer bailouts, and politicians that basically collect payroll checks from the HR department of these large financial institutions. As we have noted and the media fails to report, the average per capita income in the United States is $25,000. What is even more disturbing is that a recent poll found that 64 percent of Americans would not be able to shoulder even an unexpected expense of $1,000. If a transmission on a car goes down or additional medical expenses hit, it will cost well over $1,000. This is simply another reflection of how the crushing collapse of the middle class will not be televised.”

Via Black Listed News


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