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Archive for December 21, 2011

‘Don’t jog to work you dumb f***!’ Cops mock critically injured jogger as he lay unconscious in road after accident

“He was nearly killed in a horrific roadside accident, and now a jogger is furious at the wise-cracking cops who mocked him as he clung to life.

Lying in a pool of his own blood after being hit by a truck, Seattle man Tim Nelson had blacked out when first responders arrived.

One officer was operating under the mantra of ‘to serve and disrespect’ as he remarked to a colleague: ‘That’s why you drive a car.

‘Don’t jog to work you dumb f***!’”

Via Daily Mail

Stocking up for Doomsday: As economists predict meltdown, meet the families ready for the worst

“Picture the scene: It’s the end of January 2012 and already it is clear the year to come will make that which has just passed seem something of a picnic. The last strains of Auld Lang Syne had barely faded before Greece defaulted on its debts. Over the next few weeks, Italy and Spain will follow.

Across Britain and the Continent, bank after bank goes down, a domino effect exacerbated by panicking customers desperately withdrawing their savings. Where three years ago the giants of High Street banking were seen as too big too fail, now they are too big and too many for any Government to save.

Panic ensues. Within hours, the cashpoints are empty of money and the supermarket shelves stripped bare. “

Via Daily Mail

The Hidden Cost Of The Payroll Tax

“The best part of the chaotic debate in Washington about the payroll tax is that this wicked institution is finally getting the public attention it deserves. In most debates about taxation, the payroll tax has hardly ever been mentioned, even though it accounts for more than one-third of federal revenue, and even though two-thirds of citizens pay more in payroll than in income taxes.

The current debate about extending the slight payroll tax cut has broken a public silence on this topic, and it provides an opportunity for open discussion of what is really going on here.

The reason for the silence is peculiar. One party rather likes the idea that the workplace would bear an ever-greater burden for the building of the cradle-to-grave welfare state. The other party is not much interested in it because it is already a “flat tax,” and thereby conforms to the supply-side strictures about the difference between good and bad forms of taxation.”

Via Whiskey and Gunpowder

Your bank is not safe

“Let’s speak plainly. If you are in the United States or Western Europe, chances are incredibly high that your bank is simply not safe. In other words, your money is at risk. Big time. Let’s review some of the chief concerns:”

Via Sovereign Man

Categories: Uncategorized

The New Republican Primary Rules Make It Possible For The Republican Establishment To Steal The Nomination From A Candidate They Don’t Like

“New Republican primary rules are going to make it basically impossible for any candidate to wrap up the Republican nomination very early in 2012. In fact, the new Republican primary rules make a “brokered convention” much more likely and they also make it much more likely that the Republican establishment will attempt to steal the nomination away from a candidate that they do not like. How exactly they would do this will be discussed later in the article. The key is that most Republican primaries and caucuses will now allocate delegates using a proportional system rather than a “winner take all” system. Back in 2008, John McCain did very well in early “winner take all” primaries and wrapped up the Republican nomination very, very quickly. Nothing like that will happen in 2012. In fact, if the field remains crowded it is going to be very difficult for any candidate to accumulate more than 50 percent of the delegates by the time the Republican national convention rolls around. As will be discussed later on in this article, that would move the power into the hands of the Republican establishment.”

Via End of the American Dream

Categories: politics as usual

If A Global Recession Is Not Looming, Then Why Are Bailouts Flying Around As If The End Of The World Is Coming?

“I have learned that watching what people do is much more important than listening to what they say. Back in 2008, financial authorities in the United States insisted that everything was gone to be okay. But we all know now that was a lie. Well, right now financial authorities in the U.S. and Europe are once again trying to assure us that everything is under control and that we are not headed for a global recession. Unfortunately, their actions are telling a very different story. All over the world, bailouts are flying around as if the end of the world is coming. Governments and central banks are stepping in with gigantic mountains of money to prop up bond yields, major banks and even stock markets. What we have seen over the past few months has been absolutely unprecedented. So why are such desperate measures being taken if everything is going to be just fine? Unfortunately, debt problems are never solved with more debt, so these bailouts really aren’t solving anything. We are still headed for a massive amount of financial pain. It would just be nice if the authorities would quit lying to us and would actually admit how bad things really are.”

Via The Economic Collapse Blog

Categories: Debt, Economy

Mark Faber: “I Am Convinced The Whole Derivatives Market Will Cease To Exist And Will Go To Zero”

“Anyone seeking joyous holiday greetings and cheerful forecasts for the new year is advised to avoid the following most recent Mark Faber interview, in which in addition to his predictions for 2012 (led with “more printing” by the dodecatupling down central planners, and far less prosperity), we get the following: “I am convinced the whole derivatives market will cease to exit. Will become zero. And when it happens I don’t know: you can postpone the problems with monetary measures for a long time but you can’t solve them… Greece should have defaulted – it would have sent a message that not all derivatives are equal because it depends on the counterparty.””

Via Zero Hedge

Categories: Debt, Economy, Marc Faber

It’s Official: US Debt-To-GDP Passes 100%

“With precisely one year left for the world and all of its inhabitants, at least according to the Mayans, not to mention on the day of the Winter Solstice, it is only fitting that US debt, net of all settlements for all already completed bond auctions, is now at precisely $15,182,756,264,288.80. Why is this relevant? Because the latest annualized US GDP, according to the BEA, was $15,180,900,000.00. Which means that, as of today, total US debt to GDP is 100.012%. Congratulations America: you are now in the triple digit “debt to GDP” club!

(naturally, this is using purely “on the books” data. If one adds the NPV of all US liabilities, and adjusts GDP for such things as today’s housing contraction, then the magical triple digit threshold was breached long, long ago).”

Via Zero Hedge

Categories: Debt

We Killed Your Daughter; You’re Under Arrest

December 21, 2011 3 comments

“Killer’s buddies assault the relative of a victim

Daniel Hiler ran out of gas during an evening motorcycle ride in Oildale, California on December 16. While walking his bike to a gas station, the twenty-year-old father of two ran into a family friend named Chrystal Jolley. The pair was crossing a street at a widely-recognized intersection when they were fatally blindsided by a vehicle traveling at a speed well in excess of the posted speed limit. Despite the fact that darkness had descended, the driver hadn’t turned on his headlights. The victims were killed instantly.

Within minutes, police swarmed the scene, and arrests were made — none of which involved the driver, Deputy John Swearengin of the Kern County Sheriff’s Office. The four people arrested were relatives of the victims, who got into what the Sheriff’s Office described as an “altercation” with California Highway Patrol officers when they attempted to identify the victims.

“I was at home on Friday night working on my car when someone came running over and told me that a deputy ran over my daughter in the street,” recalls Jimmy Clevenger, Jolley’s father. “I ran down here, I was very upset…. The next thing I know, they had me by the neck and threw me to the ground and said I resisted arrest. My daughter was dead in the street and it was their fault.”

The outraged relatives were taken to jail, and face criminal charges. Swearengin, the killer, was taken to the hospital and wasn’t compelled to undergo drug or alcohol screening”

Via Lew Rockwell

Louisiana State Officials Call For Troops On Streets

December 21, 2011 3 comments

“Lawmakers in Louisiana are calling for National Guard troops to patrol the streets of New Orleans after a toddler was killed in a drive-by shooting. The last time troops were involved in domestic law enforcement in the state, they were used to confiscate legally owned firearms in the aftermath of Hurricane Katrina.”

Via Infor Wars

Martial Law Attempt In Louisiana Echoes Ron Paul’s Warning
“Austin Badon contacted Louisiana Gov. Bobby Jindal’s office Monday and asked that the National Guard be deployed. Jindal’s office said Badon was told that any such a request would have to come from the New Orleans mayor Mitch Landrieu.

Under Article I, Section 8, Clause 15 of the Constitution, the National Guard – considered a state militia – is authorized to “execute the laws of the Union and suppress Insurrections and repel Invasion.” The Constitution says nothing about dispatching the military to fight domestic crime, a task usually undertaken by local law enforcement.”

Via Info Wars

Categories: martial law
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