Gold sits tonight at $1,389.80 and Silver sits at $26.58. Both have seen drastic rises during the day as a result of the Federal Reserve's overt action to create liquidity to further prop up the Megabanks, both domestic and foreign. The Fed is going to buy $500+ billion in U.S. Treasury Bonds (Federal Reserve to print billions of dollars in massive shadow stimulus - By Agence France-Presse - Tuesday, November 2nd, 2010). This is nothing other than monetizing the debt (Currency Devaluation). Rampant inflation is on the way in staple commodities (Food and Energy)-- worse than we have already seen. The economic system is failing and the World Central Banks and Governments are only making the issues we face a lot worse. We need to face our Economic difficulties head on and the Federal Reserve is simply trying to paper these issues (Derivatives and Mortgage Backed Securities) over. This will not reopen the credit markets or add jobs. It also won't help individuals deal with their own personal credit crunches. As a matter of fact it is going to make all of that much, much worse.
Former Assistant Secretary of Housing under George H.W. Bush Catherine Austin Fitts blows the whistle on how the financial terrorists have deliberately imploded the US economy and transferred gargantuan amounts of wealth offshore as a means of sacrificing the American middle class. Fitts documents how trillions of dollars went missing from government coffers in the 90's and how she was personally targeted for exposing the fraud.
Fitts explains how every dollar of debt issued to service every war, building project, and government program since the American Revolution up to around 2 years ago - around $12 trillion - has been doubled again in just the last 18 months alone with the bank bailouts. "We're literally witnessing the leveraged buyout of a country and that's why I call it a financial coup d'état, and that's what the bailout is for," states Fitts.
Massive amounts of financial capital have been sucked out the United States and moved abroad, explains Fitts, ensuring that corporations have become more powerful than governments, changing the very structure of governance on the planet and ensuring we are ruled by private corporations. Pension and social security funds have also been stolen and moved offshore, leading to the end of fiscal responsibility and sovereignty as we know it.
The Race to the Bottom - April 29, 2010
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Thursday, November 4, 2010
Wednesday, November 3, 2010
Newsletter about the City Council meeting of November 2, 2010
This newsletter is about the Hickory City Council meeting that I attended this past week. City council meetings are held on the first and third Tuesdays of each Month in the Council Chambers of the Julian Whitener building.
At right of this page under Main Information links is an Hickory's City Website link. If you click on that link, it takes you to our city’s website, at the left of the page you will see the Agenda's and Minutes link you need to click. This will give you a choice of PDF files to upcoming and previous meetings.
You will find historic Agenda and Minutes links. Agendas show what is on the docket for the meeting of that date. The Minutes is an actual summary of the proceedings of the meeting of that date.
Here is a summary of the agenda of the 10/19/2010 meeting. There were a couple of important items that were discussed at this meeting and the details are listed further below:
Please remember that pressing Ctrl and + will magnify the text and page and pressing Ctrl and - will make the text and page smaller. This will help the readability for those with smaller screens and/or eye difficulties.
Invocation by Pastor Deborah McEachran of First Presbyterian Church
Special Presentations:
A. Presentation by Tracy Nestor, Oktoberfest Event Director Thanking City Council for Their Support and to Report on the Success of the 2010 Oktoberfest - Tracy Nestor made the presentation in which she stated that she has been involved with the festival for the last 12 years. This was the 25th anniversary of Oktoberfest and she stated it was the biggest year by far. She stated that there was an increase in attendance by 10 to 15%, while many festivals in the area have suffered and seen a reduction of as much as 30% in their attendance. The Hickory daily record has awarded Oktoberfest as the best festival in Hickory for the past three years.
She stated that there were 132 vendors to share in the vendor spaces were sold out by August 1. The attendance was estimated to be 108,000 people over the three day event. Based on the number of attendees, the western Piedmont Council of governments estimates that the event had an economic impact of $7.3 million.
Mrs. Nestor stated that they were faced with a few new issues this year. People were bringing animals to the festival and she stated that there were issues with science this year. She added that she would be bringing these issues forward to the Council and effort to create ordinances pertaining to these specific issues.
The Hound is not going to question Mrs. Nestor, because I do believe that this event has been growing over the years and I do believe it is becoming more and more successful. What I would like to emphasize is my credibility when it comes to questioning the previous numbers related to hyperbole versus real statistics. Some people thought I was rude two years ago when I forcefully questioned the numbers associated with this event.
On November 18, 2008 Mrs. Nestor came before the council and stated that an estimated 110,000 people attended the event. She stated that they estimated that at least 50% of the people came from outside the Unifour area. Area hotels tracked the number of guests (The numbers were given to the Western Piedmont Council of Governments). She stated that the event generated 732 room nights, which most of those rooms were reserved in blocks of 4 night increments by event vendors. She estimates the event generated $7.637million.
The numbers stated this year show an attendance of 110,000 people and an economic impact of $7.3 million and a 10% to 15% growth in attendance over the previous year. If we extrapolate the conservative estimate of growth that means that 100,000 attended the event last year and around 91,000 two years ago. Look at the 20%+ growth in attendance and the fact that the revenue estimates are down from those stated two years ago. These numbers are also estimates given from the Western Piedmont Council of Governments.
I would like to congratulate the HDDA, Mrs. Nestor, Ms. Kincaid, and the City for the success of this event. I truly appreciate and respect that they are bringing real numbers to the table. I think that it is very important to be realistic about the context of these events and their impact on the area. Here is hoping that an area with a rich Germanic history, such as ours, can see this tradition grow into a truly regional event.
B. Proclamation Presented to Ms. Teena Willis Declaring November 14 – 20, 2010 as “Hunger and Homelessness Awareness Week” in the City of Hickory - The Mayor made the presentation. This coalition sponsored national hunger awareness and homeless week. The proclamation is intended to help people understand the plight of people who are hungry and homeless. It is meant to encourage support for homeless assistance service providers and and community assistance opportunities for students and community service organizations. There are many organizations involved in this process including the Salvation Army, grace house, family care Center, safe Harbor rescue mission, family guidance Center, Greater Hickory Cooperative Christian ministry, Eastern Catawba Cooperative Christian Ministries., Mental health partners, greater Hickory United Way, Exodus homes, the department of social services, ALFA, Catawba County behavioral health care, our fathers pavilion, Sipes Orchard home, and many more partners.
The theme of national hunger and homeless awareness week is bringing America home. The Council recognizes hunger and homelessness is a problem in Hickory and Catawba County.
For people associated with this effort made comments. Among those comments were that they that people would participate in events that will be held from November 14 through the 20th. What statement that was made was about a grant provided to this foundation in the amount of $133,800 in that amount of money will typically house about 4 to 5 households. Another program grants applied for will be geared toward those who are not chronically homeless but need assistance. It was mentioned that 48 families have received assistance through these programs.
The continuum of care is intended to avert crisis in key people from ever becoming homeless. And effort has been made to create for the first time a food policy Council in Catawba County. This would help to assure the nutritional value of every citizen whether.
The Hound believes that this mission is very important to our area during these difficult times. This reflects on our wellness as a community. Wellness isn't about the wealthy in a community. They can afford to eat right and afford exercise and recreational amenities. The wellness of our community correlates with Quality of Life issues of middle class and poor people. It is essential that our community make investment in the health and well being of working class people!
Hickory - The lowest well being in the United States of America
Consent Agenda:
A.Acceptance of Governor’s Highway Safety Program Grant to Purchase In-Car Digital Cameras and Radars in the Amount of $24,375 - The Hickory Police Department received notification that its application was approved for a Governor’s Highway Safety Program Grant. These grant funds will be used to purchase five (5) in-car digital cameras and radars at a total cost of $42,500.00. The grant funds awarded are in the amount of $24,375.00 and the City’s portion will be $18,125.00. Funds have been budgeted. Staff recommends acceptance.
B. Approve Agreement for Services with Stephen F. Austin for Preparation of the City of Hickory’s Annual Action Plan and Application for Funding to the U.S. Department of Housing and Urban Development for FY-2011-12 Community Development Block Grant Entitlement Program in the Amount Not to Exceed $2,500 - The City receives yearly funding from the U.S. Department of Housing and Urban Development’s Community Development Block Grant program, and the City is required to submit an Annual Action Plan prior to being funded each fiscal year. The Annual Action Plan details the City’s planned Community Development Block Grant expenditures for the fiscal year. Mr. Stephen F. Austin has prepared the City’s prior plans and Mr. Austin proposes to prepare the FY 2011-12 Annual Action Plan and application for funding at a cost not to exceed $2,500.00. Having prepared the City’s previous Consolidated Plan, he is quite knowledgeable with both the Hickory area as well as the work involved in completing this document as required by the U.S. Department of Housing and Urban Development. Staff recommends approval.
The Hound is curious about Mr. Austin being paid this money to do this paperwork. Two comments were made relating to this issue in the Newsletter from February 17, 2009. Why can't city staff do this paperwork?
So in the last 20 months Mr. Austin has been allocated and will have been paid $12,500 for work that could be done in-house. If I am wrong and what has been stated in the comments is wrong, then please explain it to me so that I can explain this to the public.
C. Amendment to Traffic Ordinance by Reducing the Speed Limit From 35 mph to 25 mph Along 23rd St Dr, NE From the Intersection With 25th St, NE South Approximately 1,296 Feet to the Intersection With 24th St Ln, NE, 25th Av, NE From the Intersection With 23rd St Dr, NE East Approximately 200 Feet to the City Limits, and 25th Av Ct, NE From the Intersection With 23rd St Dr, NE West Approximately 350 Feet to the Dead End - Under the City’s Traffic Calming Program an application was received for a speed limit reduction along 23rd St Dr, NE as indicated above serving the Grayfield Subdivision. Staff determined that a speed limit reduction from 35 mph to 25 mph would be acceptable, if the residents desired. The petition packages were received and were determined by Staff to be valid and met the 75% signature requirement. Staff recommends approval.
D. Amendment to Traffic Ordinance by Regulating Access to 2nd Av, SE Between 5th St, SE and Lenoir-Rhyne Boulevard, SE With Certain Class Vehicles - The above-described street segment has long been the de facto truck route used to access Lenoir-Rhyne Blvd., SE from origination points to the west. This traffic flow proved to be undesirable in several respects. Even with the recent completion of the Lenoir-Rhyne Blvd. Extension project, 2nd Av, SE continues to experience undesirable and unnecessary truck traffic. Following a thorough analysis by the City of Hickory Traffic Division, it was concluded to prohibit access of certain classes of trucks along this segment of 2nd Av, SE, being no truck tractors with semitrailers, commercial vehicles with three (3) or more axles, commercial combination single unit trucks with trailers or buses with trailers.
E. Approval for the City of Hickory to Purchase Property From Freddie Mac Located at 304 3rd Street, SW in the Amount of $25,900- The subject property is located adjacent to City-owned property located at 347 2nd Avenue, SW containing approximately 6.18 acres, which is Hickory Police Department (HPD) property. The purchase of the .41 acres could be used for potential expansion of the HPD. The property is in foreclosure and a vacant house is situated on the property. Tax value is $80,600.00 with a purchase price of $25,900.00. Staff recommends approval.
F. Transfer of Cemetery Lot in Oakwood Cemetery From Eric McNeely and Gloria McNeely to Beth W. Huffman
G. Approve Change Order No. 2 With Hickory Sand Company, Inc. Regarding the Cripple Creek Outfall Replacement Project in the Amount of $86,879.15 - Staff requests approval of the project close out Change Order No. 2 with Hickory Sand Company, Inc. in the amount of $86,879.15 for the Cripple Creek Outfall Replacement Project. This change order is necessary to address project concerns that have risen during construction and field conditions on the project. The largest item on the change order is replacement of the pier crossing beside Moose Club Lift Station. Other items are related to construction. The change order amount of $86,879.15 represents 3.86% of the original project cost and results in a total project change order amount of $141,579.15 or 6.29%. Funds are available within the project and no budget amendment is necessary.Staff recommends approval.
H. Affirm Designating Mayor Wright as Voting Delegate for the National League of Cities – 2010 Congress of Cities Annual Business Meeting in Denver, CO on Saturday, December 4, 2010 - As a direct member city, Hickory’s elected officials are entitled to vote at the annual business meeting. To be eligible to cast the City’s vote, each voting delegate and alternate must be officially designated by the City.
I. Budget Ordinance Amendment No. 8 -
1. To budget a $532 insurance claim check from Trident Insurance Company to the Fire Department Maintenance and Repair of vehicles line item. This payment is for damage sustained to the Ladder 2 fire apparatus on 09-11-10.
2. To appropriate $15,000 of General Fund Balance and budget in the Landscape Division Street Tree Planting line item. This appropriation is to pay for the plant materials needed for the Lenoir Rhyne Blvd. Landscaping project. The total cost of the planting project is $17,000. $2,000 is budgeted in this line item therefore
an additional $15,000 appropriation is necessary.
3. To budget a $205 insurance claim check from Nationwide Insurance Company in the Water and Sewer Pipes, Hydrants and Meters line item. This payment is for damage sustained to a fire hydrant on 09-13-10.
Informational Items:
A. Report of City Manager Berry’s Travel to Raleigh, NC for the NCLM Tax and Finance Legislative Action Committee Meeting on October 5, 2010; mileage - $165.50
B. Report of Mayor Wright’s Travel to Washington, DC to Meet With Legislators and Government Officials on October 7, 2010; airfare - $493.15; per diem - $22.40
C. Report of Alderman Guess’s Travel to Washington, DC to Meet With Legislators and Government Officials on October 7, 2010; airfare - $493.15; per diem - $22.40
D. Report of Alderwoman Patton’s Travel to Washington, DC to Meet With Legislators and Government Officials on October 7, 2010; airfare - $493.15; per diem - $11.74
E. Report of Alderman Seaver’s Travel to Washington, DC to Meet With Legislators and Government Officials on October 7, 2010; airfare - $493.15; per diem - $22.40
F. Report of City Manager Berry’s Travel to Raleigh, NC for the NC Spin H2O Conference on October 12, 2010; mileage - $169.00; registration - $60.00
New Business - Departmental Reports:
1. Approval to Amend Engineering Agreement With Louis Berger Group, Inc. for Additional Engineering Services for Grace Chapel to US 321 Connector Road Project in the Amount of $15,187.36 - Request approval to amend the original agreement with Louis Berger Group, Inc. dated July 29, 2008 for additional engineering services for the Grace Chapel to US 321 connector road project in the amount of $15,187.36. A redesign of the Open Bottom Culverts (OBC’s) is needed due to comments by Raleigh NCDOT indicating what was originally approved by the local DOT will not be approved. The change also includes additional environmental work that the NCDOT has agreed to undertake in house at their expense. This project is funded by the NCDOT and therefore must comply with their comments for approval. By letter dated September 22, 2010, Caldwell County will reimburse the City of Hickory $7,600.00 toward this amendment. The City of Hickory therefore will be responsible for $7,587.36. An appropriation from fund balance is required. Staff recommends approval. Chuck Hanson went over the above facts in his presentation to council. Council unanimously approved.
At right of this page under Main Information links is an Hickory's City Website link. If you click on that link, it takes you to our city’s website, at the left of the page you will see the Agenda's and Minutes link you need to click. This will give you a choice of PDF files to upcoming and previous meetings.
You will find historic Agenda and Minutes links. Agendas show what is on the docket for the meeting of that date. The Minutes is an actual summary of the proceedings of the meeting of that date.
Here is a summary of the agenda of the 10/19/2010 meeting. There were a couple of important items that were discussed at this meeting and the details are listed further below:
Please remember that pressing Ctrl and + will magnify the text and page and pressing Ctrl and - will make the text and page smaller. This will help the readability for those with smaller screens and/or eye difficulties.
Invocation by Pastor Deborah McEachran of First Presbyterian Church
Special Presentations:
A. Presentation by Tracy Nestor, Oktoberfest Event Director Thanking City Council for Their Support and to Report on the Success of the 2010 Oktoberfest - Tracy Nestor made the presentation in which she stated that she has been involved with the festival for the last 12 years. This was the 25th anniversary of Oktoberfest and she stated it was the biggest year by far. She stated that there was an increase in attendance by 10 to 15%, while many festivals in the area have suffered and seen a reduction of as much as 30% in their attendance. The Hickory daily record has awarded Oktoberfest as the best festival in Hickory for the past three years.
She stated that there were 132 vendors to share in the vendor spaces were sold out by August 1. The attendance was estimated to be 108,000 people over the three day event. Based on the number of attendees, the western Piedmont Council of governments estimates that the event had an economic impact of $7.3 million.
Mrs. Nestor stated that they were faced with a few new issues this year. People were bringing animals to the festival and she stated that there were issues with science this year. She added that she would be bringing these issues forward to the Council and effort to create ordinances pertaining to these specific issues.
The Hound is not going to question Mrs. Nestor, because I do believe that this event has been growing over the years and I do believe it is becoming more and more successful. What I would like to emphasize is my credibility when it comes to questioning the previous numbers related to hyperbole versus real statistics. Some people thought I was rude two years ago when I forcefully questioned the numbers associated with this event.
On November 18, 2008 Mrs. Nestor came before the council and stated that an estimated 110,000 people attended the event. She stated that they estimated that at least 50% of the people came from outside the Unifour area. Area hotels tracked the number of guests (The numbers were given to the Western Piedmont Council of Governments). She stated that the event generated 732 room nights, which most of those rooms were reserved in blocks of 4 night increments by event vendors. She estimates the event generated $7.637million.
The numbers stated this year show an attendance of 110,000 people and an economic impact of $7.3 million and a 10% to 15% growth in attendance over the previous year. If we extrapolate the conservative estimate of growth that means that 100,000 attended the event last year and around 91,000 two years ago. Look at the 20%+ growth in attendance and the fact that the revenue estimates are down from those stated two years ago. These numbers are also estimates given from the Western Piedmont Council of Governments.
I would like to congratulate the HDDA, Mrs. Nestor, Ms. Kincaid, and the City for the success of this event. I truly appreciate and respect that they are bringing real numbers to the table. I think that it is very important to be realistic about the context of these events and their impact on the area. Here is hoping that an area with a rich Germanic history, such as ours, can see this tradition grow into a truly regional event.
B. Proclamation Presented to Ms. Teena Willis Declaring November 14 – 20, 2010 as “Hunger and Homelessness Awareness Week” in the City of Hickory - The Mayor made the presentation. This coalition sponsored national hunger awareness and homeless week. The proclamation is intended to help people understand the plight of people who are hungry and homeless. It is meant to encourage support for homeless assistance service providers and and community assistance opportunities for students and community service organizations. There are many organizations involved in this process including the Salvation Army, grace house, family care Center, safe Harbor rescue mission, family guidance Center, Greater Hickory Cooperative Christian ministry, Eastern Catawba Cooperative Christian Ministries., Mental health partners, greater Hickory United Way, Exodus homes, the department of social services, ALFA, Catawba County behavioral health care, our fathers pavilion, Sipes Orchard home, and many more partners.
The theme of national hunger and homeless awareness week is bringing America home. The Council recognizes hunger and homelessness is a problem in Hickory and Catawba County.
For people associated with this effort made comments. Among those comments were that they that people would participate in events that will be held from November 14 through the 20th. What statement that was made was about a grant provided to this foundation in the amount of $133,800 in that amount of money will typically house about 4 to 5 households. Another program grants applied for will be geared toward those who are not chronically homeless but need assistance. It was mentioned that 48 families have received assistance through these programs.
The continuum of care is intended to avert crisis in key people from ever becoming homeless. And effort has been made to create for the first time a food policy Council in Catawba County. This would help to assure the nutritional value of every citizen whether.
The Hound believes that this mission is very important to our area during these difficult times. This reflects on our wellness as a community. Wellness isn't about the wealthy in a community. They can afford to eat right and afford exercise and recreational amenities. The wellness of our community correlates with Quality of Life issues of middle class and poor people. It is essential that our community make investment in the health and well being of working class people!
Hickory - The lowest well being in the United States of America
Consent Agenda:
A.Acceptance of Governor’s Highway Safety Program Grant to Purchase In-Car Digital Cameras and Radars in the Amount of $24,375 - The Hickory Police Department received notification that its application was approved for a Governor’s Highway Safety Program Grant. These grant funds will be used to purchase five (5) in-car digital cameras and radars at a total cost of $42,500.00. The grant funds awarded are in the amount of $24,375.00 and the City’s portion will be $18,125.00. Funds have been budgeted. Staff recommends acceptance.
B. Approve Agreement for Services with Stephen F. Austin for Preparation of the City of Hickory’s Annual Action Plan and Application for Funding to the U.S. Department of Housing and Urban Development for FY-2011-12 Community Development Block Grant Entitlement Program in the Amount Not to Exceed $2,500 - The City receives yearly funding from the U.S. Department of Housing and Urban Development’s Community Development Block Grant program, and the City is required to submit an Annual Action Plan prior to being funded each fiscal year. The Annual Action Plan details the City’s planned Community Development Block Grant expenditures for the fiscal year. Mr. Stephen F. Austin has prepared the City’s prior plans and Mr. Austin proposes to prepare the FY 2011-12 Annual Action Plan and application for funding at a cost not to exceed $2,500.00. Having prepared the City’s previous Consolidated Plan, he is quite knowledgeable with both the Hickory area as well as the work involved in completing this document as required by the U.S. Department of Housing and Urban Development. Staff recommends approval.
The Hound is curious about Mr. Austin being paid this money to do this paperwork. Two comments were made relating to this issue in the Newsletter from February 17, 2009. Why can't city staff do this paperwork?
Comment from Anonymous - While you're asking about wasted money, why is Stephan Austin being paid $2500 annually to simply reprint the Grant Application that he's submitted for the last 8 or 10years, since he left working for the Western Piedmont Council of Governments? Don't we have any qualified planners in the City that can fill out a 5 page grant form successfully, especially when all they have to do is copy what he submitted the year before? The Planners are already on staff and that would seem to be one place that money can be trimmed from the budget.Mr. Austin was allocated $2,500 during the meeting from February 17, 2009 for Hickory’s Annual Action Plan and Application for Funding to HUD for 2009-10. On October 6, 2009 he received $7,500 for Preparation of the City of Hickory’s Five Year Consolidated Plan and One Year Annual Update, as Required by the US Department of Housing and Urban Development, in the Amount Not to Exceed $7,500.
Oh, wait - he's another of Sally & Jill's pets, isn't he? Never mind. Answered my own question.
Comment from Anon2 - Sometimes things in the Action Plan change, like someone new asking for and receiving money...but Todd Hefner gives Mr. Austin most of that information. You're quite right...it IS basically the same document with the dates changed. The planners do not have anything to do with it though...it's a Community Development thing paid from from Community Development grant funds received by the City. Todd could, however, update it himself...and he has an assistant who could easily help him. The document is always given to the city on disc, and it's on the computer there already, so it's very easy to update. Personally, I like Steve Austin....nothing in the world bad can really be said about him. I don't know about his being Sally & Jill's pet...but I know Todd likes the way it looks and sounds to hire a consultant to do a job for him, such as the Annual Action Plan. The city of Hickory is an entitlement city meaning they will be funded regardless of how wonderful the grant application sounds...it's a formality, preparing and submitting the paperwork. It DOES have to be done, but you are right...it could be done without hiring the job out.
So in the last 20 months Mr. Austin has been allocated and will have been paid $12,500 for work that could be done in-house. If I am wrong and what has been stated in the comments is wrong, then please explain it to me so that I can explain this to the public.
C. Amendment to Traffic Ordinance by Reducing the Speed Limit From 35 mph to 25 mph Along 23rd St Dr, NE From the Intersection With 25th St, NE South Approximately 1,296 Feet to the Intersection With 24th St Ln, NE, 25th Av, NE From the Intersection With 23rd St Dr, NE East Approximately 200 Feet to the City Limits, and 25th Av Ct, NE From the Intersection With 23rd St Dr, NE West Approximately 350 Feet to the Dead End - Under the City’s Traffic Calming Program an application was received for a speed limit reduction along 23rd St Dr, NE as indicated above serving the Grayfield Subdivision. Staff determined that a speed limit reduction from 35 mph to 25 mph would be acceptable, if the residents desired. The petition packages were received and were determined by Staff to be valid and met the 75% signature requirement. Staff recommends approval.
D. Amendment to Traffic Ordinance by Regulating Access to 2nd Av, SE Between 5th St, SE and Lenoir-Rhyne Boulevard, SE With Certain Class Vehicles - The above-described street segment has long been the de facto truck route used to access Lenoir-Rhyne Blvd., SE from origination points to the west. This traffic flow proved to be undesirable in several respects. Even with the recent completion of the Lenoir-Rhyne Blvd. Extension project, 2nd Av, SE continues to experience undesirable and unnecessary truck traffic. Following a thorough analysis by the City of Hickory Traffic Division, it was concluded to prohibit access of certain classes of trucks along this segment of 2nd Av, SE, being no truck tractors with semitrailers, commercial vehicles with three (3) or more axles, commercial combination single unit trucks with trailers or buses with trailers.
E. Approval for the City of Hickory to Purchase Property From Freddie Mac Located at 304 3rd Street, SW in the Amount of $25,900- The subject property is located adjacent to City-owned property located at 347 2nd Avenue, SW containing approximately 6.18 acres, which is Hickory Police Department (HPD) property. The purchase of the .41 acres could be used for potential expansion of the HPD. The property is in foreclosure and a vacant house is situated on the property. Tax value is $80,600.00 with a purchase price of $25,900.00. Staff recommends approval.
F. Transfer of Cemetery Lot in Oakwood Cemetery From Eric McNeely and Gloria McNeely to Beth W. Huffman
G. Approve Change Order No. 2 With Hickory Sand Company, Inc. Regarding the Cripple Creek Outfall Replacement Project in the Amount of $86,879.15 - Staff requests approval of the project close out Change Order No. 2 with Hickory Sand Company, Inc. in the amount of $86,879.15 for the Cripple Creek Outfall Replacement Project. This change order is necessary to address project concerns that have risen during construction and field conditions on the project. The largest item on the change order is replacement of the pier crossing beside Moose Club Lift Station. Other items are related to construction. The change order amount of $86,879.15 represents 3.86% of the original project cost and results in a total project change order amount of $141,579.15 or 6.29%. Funds are available within the project and no budget amendment is necessary.Staff recommends approval.
H. Affirm Designating Mayor Wright as Voting Delegate for the National League of Cities – 2010 Congress of Cities Annual Business Meeting in Denver, CO on Saturday, December 4, 2010 - As a direct member city, Hickory’s elected officials are entitled to vote at the annual business meeting. To be eligible to cast the City’s vote, each voting delegate and alternate must be officially designated by the City.
I. Budget Ordinance Amendment No. 8 -
1. To budget a $532 insurance claim check from Trident Insurance Company to the Fire Department Maintenance and Repair of vehicles line item. This payment is for damage sustained to the Ladder 2 fire apparatus on 09-11-10.
2. To appropriate $15,000 of General Fund Balance and budget in the Landscape Division Street Tree Planting line item. This appropriation is to pay for the plant materials needed for the Lenoir Rhyne Blvd. Landscaping project. The total cost of the planting project is $17,000. $2,000 is budgeted in this line item therefore
an additional $15,000 appropriation is necessary.
3. To budget a $205 insurance claim check from Nationwide Insurance Company in the Water and Sewer Pipes, Hydrants and Meters line item. This payment is for damage sustained to a fire hydrant on 09-13-10.
Informational Items:
A. Report of City Manager Berry’s Travel to Raleigh, NC for the NCLM Tax and Finance Legislative Action Committee Meeting on October 5, 2010; mileage - $165.50
B. Report of Mayor Wright’s Travel to Washington, DC to Meet With Legislators and Government Officials on October 7, 2010; airfare - $493.15; per diem - $22.40
C. Report of Alderman Guess’s Travel to Washington, DC to Meet With Legislators and Government Officials on October 7, 2010; airfare - $493.15; per diem - $22.40
D. Report of Alderwoman Patton’s Travel to Washington, DC to Meet With Legislators and Government Officials on October 7, 2010; airfare - $493.15; per diem - $11.74
E. Report of Alderman Seaver’s Travel to Washington, DC to Meet With Legislators and Government Officials on October 7, 2010; airfare - $493.15; per diem - $22.40
F. Report of City Manager Berry’s Travel to Raleigh, NC for the NC Spin H2O Conference on October 12, 2010; mileage - $169.00; registration - $60.00
New Business - Departmental Reports:
1. Approval to Amend Engineering Agreement With Louis Berger Group, Inc. for Additional Engineering Services for Grace Chapel to US 321 Connector Road Project in the Amount of $15,187.36 - Request approval to amend the original agreement with Louis Berger Group, Inc. dated July 29, 2008 for additional engineering services for the Grace Chapel to US 321 connector road project in the amount of $15,187.36. A redesign of the Open Bottom Culverts (OBC’s) is needed due to comments by Raleigh NCDOT indicating what was originally approved by the local DOT will not be approved. The change also includes additional environmental work that the NCDOT has agreed to undertake in house at their expense. This project is funded by the NCDOT and therefore must comply with their comments for approval. By letter dated September 22, 2010, Caldwell County will reimburse the City of Hickory $7,600.00 toward this amendment. The City of Hickory therefore will be responsible for $7,587.36. An appropriation from fund balance is required. Staff recommends approval. Chuck Hanson went over the above facts in his presentation to council. Council unanimously approved.
Monday, November 1, 2010
Hickory - The lowest well being in the United States of America
The following article was pointed to me from a good friend and a mentor. Someone that I didn't think I had a lot in common with until sitting down to chat almost 2 years ago. What I realized was that this person is very much like myself. We don't agree on everything, but I would say that we agree on 90% of everything.
I think we have both learned a lot from one another, but I think he has a lot more to offer than I do. I enjoy his perspective and his intellectual capabilities when it comes to explaining himself in detail. I am not going to name this person, but he is someone that is well thought of by the people who are working to fix the problems in this community.
Tonight he sent me an article from the Herald-Sun of Durham from October 28th entitled Raleigh has one of highest well being in U S Hickory N C has LOWEST .
The Hound wants to ask how many of these surveys do we have to rank at the bottom of until everyone who is a supporter of the Status Quo has their Come to Jesus Moment?
This survey ranks us dead last in well-being. Well-Being is defined as a good or satisfactory condition of existence; a state characterized by health, happiness, and prosperity; welfare.
There are people in this area that are still doing well, but the majority of people are stressed because the system we are living in is failing. If one looks around they can see the relative state of unhealthiness of most of the citizens in this area. Look at what they eat. Look at the foods that are available to our citizens and look at the restaurants that are busiest in our area. Do people eat junk, because it is what they demand or because it is what is available?
We need to find out what is going on around here with people's health. Do they exercise. If the obesity epidemic is caused by a lack of exercise, then what is the reasoning. Is it because of a lack of education on the issue, lack of availability of fitness opportunities, lack of time???...
The City of Hickory has already displayed an unwillingness to create an affordable facility for Aquatic recreation, which most healthcare professionals believe is the best form of aerobic exercise for all ages. The Mayor this morning on Hal Row's First Talk show on WHKY basically gave it a thumbs down by saying that we couldn't afford it and poo pooing a survey that he asked to have administered. Apparently he didn't like the way the questions were asked. Do we not see this exact form of manipulation and heavy handed administration with all of the Boards, Commissions, and Task Forces.
The information that I have been provided in regards to Hank Guess's Rental Property Task Force is that attempts have been made to derail it by some members of the City Council and Administration. People who were appointed to look at this issue have attempted to subvert the process and end any furtherance of the proceedings. Those involved in this subversion know who they are and their attempts wreak of individuals looking to protect the good ole boy network of special interests who do not want to adhere to the property code structure laid out and set forth by Council, administration, and staff. We have a local elected official who is an out and out slumlord and he owns dilapidated rental properties inside the city limits of Hickory.
What bothers me is that this violates the fairness that I have constantly railed about. I am tired of having to talk about the fact that certain people in the City of Hickory are not expected to respect the law, because of their status. That assessment has been verified by action and inaction pertaining to certain people and groups over and over again. Those closely associated with local governance should not only follow the rules, but they should be held to a higher standard.
We have seen administrative problems time and time again with tin eared cooperation over the years. The Airport Task Force, The Stormwater Task Force, the handling of the Drinking Establishment Ordinance in relation to the Cercil Brothers, the Randolph's situation... There are plenty of situations under this context that I have not exposed and I am sure even more that I have not been made privy to.
I have appreciated a lot of what Mayor Wright has said over the years. I like what he says about the Fair Trade issue. I like the way that he has shown a willingness to adapt to new ideas when information shows that the old contexts aren't cracked up to what they were thought to be. I think we are on the same page when it comes to moving away from the Retirement Village concept. I appreciated his energy and passion when it came to the Inter Basin Transfer.
I just hope that others will come to the table and realize that this community has headed down the wrong path on many issues. Some of these people are associated with local governance and others are considered Prime Movers in the community. The bottom line is that we are all stakeholders in this community, not just the hoity-toities.
The saying goes "Pride cometh before the fall." There have been too many special interests and individuals who are proud and think they are better than everyone else and their specialness means that they don't have to follow the rules. Well, the statistics and surveys show that this community is not doing well. You can live in denial, but in the end the amount of evidence is overwhelming and makes one look delusional to argue against it. So the best thing to do is join those of us who are looking for outside the box solutions in this fast paced, exponentially changing World.
I think we have both learned a lot from one another, but I think he has a lot more to offer than I do. I enjoy his perspective and his intellectual capabilities when it comes to explaining himself in detail. I am not going to name this person, but he is someone that is well thought of by the people who are working to fix the problems in this community.
Tonight he sent me an article from the Herald-Sun of Durham from October 28th entitled Raleigh has one of highest well being in U S Hickory N C has LOWEST .
Despite the economy, residents at Raleigh, N.C., say they are thriving and have the best of all worlds, reporting one the highest Well-Being Index in the country, with an overall ranking of 16, according to Gallup and Healthways.
Yet less than 200 miles away, residents of Hickory, N.C. are suffering. So much so that according to the Gallup and Healthways’ Well-Being Index, the city of Hickory scored dead last at — 185 — among American cities when it comes to Life Evaluation and Emotional Health.
The Well-Being Index is the largest behavioral economic database ever created and measures Americans’ physical, emotional and financial well being in real time. Since 2008, Gallup and Healthways have been taking a snapshot of America’s well being.
While unemployment likely plays a significant role in how the communities feel (Hickory’s unemployment rate tops 12.6%), other factors, such as access to health care, location, and public resources also play a role.
The Hound wants to ask how many of these surveys do we have to rank at the bottom of until everyone who is a supporter of the Status Quo has their Come to Jesus Moment?
This survey ranks us dead last in well-being. Well-Being is defined as a good or satisfactory condition of existence; a state characterized by health, happiness, and prosperity; welfare.
There are people in this area that are still doing well, but the majority of people are stressed because the system we are living in is failing. If one looks around they can see the relative state of unhealthiness of most of the citizens in this area. Look at what they eat. Look at the foods that are available to our citizens and look at the restaurants that are busiest in our area. Do people eat junk, because it is what they demand or because it is what is available?
We need to find out what is going on around here with people's health. Do they exercise. If the obesity epidemic is caused by a lack of exercise, then what is the reasoning. Is it because of a lack of education on the issue, lack of availability of fitness opportunities, lack of time???...
The City of Hickory has already displayed an unwillingness to create an affordable facility for Aquatic recreation, which most healthcare professionals believe is the best form of aerobic exercise for all ages. The Mayor this morning on Hal Row's First Talk show on WHKY basically gave it a thumbs down by saying that we couldn't afford it and poo pooing a survey that he asked to have administered. Apparently he didn't like the way the questions were asked. Do we not see this exact form of manipulation and heavy handed administration with all of the Boards, Commissions, and Task Forces.
The information that I have been provided in regards to Hank Guess's Rental Property Task Force is that attempts have been made to derail it by some members of the City Council and Administration. People who were appointed to look at this issue have attempted to subvert the process and end any furtherance of the proceedings. Those involved in this subversion know who they are and their attempts wreak of individuals looking to protect the good ole boy network of special interests who do not want to adhere to the property code structure laid out and set forth by Council, administration, and staff. We have a local elected official who is an out and out slumlord and he owns dilapidated rental properties inside the city limits of Hickory.
What bothers me is that this violates the fairness that I have constantly railed about. I am tired of having to talk about the fact that certain people in the City of Hickory are not expected to respect the law, because of their status. That assessment has been verified by action and inaction pertaining to certain people and groups over and over again. Those closely associated with local governance should not only follow the rules, but they should be held to a higher standard.
We have seen administrative problems time and time again with tin eared cooperation over the years. The Airport Task Force, The Stormwater Task Force, the handling of the Drinking Establishment Ordinance in relation to the Cercil Brothers, the Randolph's situation... There are plenty of situations under this context that I have not exposed and I am sure even more that I have not been made privy to.
I have appreciated a lot of what Mayor Wright has said over the years. I like what he says about the Fair Trade issue. I like the way that he has shown a willingness to adapt to new ideas when information shows that the old contexts aren't cracked up to what they were thought to be. I think we are on the same page when it comes to moving away from the Retirement Village concept. I appreciated his energy and passion when it came to the Inter Basin Transfer.
I just hope that others will come to the table and realize that this community has headed down the wrong path on many issues. Some of these people are associated with local governance and others are considered Prime Movers in the community. The bottom line is that we are all stakeholders in this community, not just the hoity-toities.
The saying goes "Pride cometh before the fall." There have been too many special interests and individuals who are proud and think they are better than everyone else and their specialness means that they don't have to follow the rules. Well, the statistics and surveys show that this community is not doing well. You can live in denial, but in the end the amount of evidence is overwhelming and makes one look delusional to argue against it. So the best thing to do is join those of us who are looking for outside the box solutions in this fast paced, exponentially changing World.
Sunday, October 31, 2010
Fraudclosure 201 - the Horse Race vs Governance
What does Tuesday mean. Some of you think that it is going to be a defining moment. Well, I've seen elections for all my life and every one of them are supposed to be a defining moment. Elections are meaningless, if they are not followed by action.
Look at all of the problems this nation is facing. What have we seen in the form of solutions? All we have seen over the last twenty years is a government for sale to the highest bidder. Who is willing to rise above all of that? Who is willing to say NO! to this system of corruption?
I'm into results. I'm tired of the sociopaths' excuses. Some of our leaders go along to get along and others do nothing. It is about balance. See where there is common ground and move those issues forward. That starts you down the road towards positive governance. Then look at the issues where you may not agree and negotiate around the edges and compromise where you can. The issues where there is no agreement can be put on the backburner. We have been doing the opposite of this for years. It seems that our leaders are always looking to focus on disagreements at the expense of progress.
There are many people who say that the Democrats are going to try to ramrod controversial legislation through during this lame duck session. I certainly hope that cooler heads will prevail. The Republicans need to filibuster any bill that does not have the support of the American people and make sure that these issues are dealt with in a proper context come January.
This Fraudclosure issue is definitely at the forefront of what I am addressing. The banks should not be bailed out of this situation and their interests should not be placed ahead of those of the American people. It is time that Justice and common sense prevail!
The Banks have taken on the role of Loan Sharks. You make a late payment and they make your plight worse, it goes beyond penalties into the realm of unnecessary punishment. The penalties do no fit the violation. The Fed lends the banks free hot money and they invest it anywhere, but back into our own nation's system. The money comes from America and should be reinvested in America. Instead, we see Banks that charge exorbitant interest rates and fees on people who are already struggling. Why are we bailing the Banks out?
Gerald Celente of the Trends Research Institute at TrendsResearch.com joined James Corbett of The Corbett Report to discuss the ongoing foreclosure crisis in the American real estate industry. He discusses the criminal mentality that makes these frauds possible and how people can protect themselves by unplugging themselves from the system.
Fraudclosure 102: Multi-tiered Bank Fraud Exposed!
Fraudclosure 101: Bursting the Piñata
A letter to the NC Attorney General involving Fraudclosure
You can help people save their homes!
Real Terrorism: Financial Terrorism - Time to break the Banksters
2nd wave of the Banking Meltdown is here
How can the United States avoid Bankruptcy?
The Plunge Protection Team and the Ponzi Economy
Look at all of the problems this nation is facing. What have we seen in the form of solutions? All we have seen over the last twenty years is a government for sale to the highest bidder. Who is willing to rise above all of that? Who is willing to say NO! to this system of corruption?
I'm into results. I'm tired of the sociopaths' excuses. Some of our leaders go along to get along and others do nothing. It is about balance. See where there is common ground and move those issues forward. That starts you down the road towards positive governance. Then look at the issues where you may not agree and negotiate around the edges and compromise where you can. The issues where there is no agreement can be put on the backburner. We have been doing the opposite of this for years. It seems that our leaders are always looking to focus on disagreements at the expense of progress.
There are many people who say that the Democrats are going to try to ramrod controversial legislation through during this lame duck session. I certainly hope that cooler heads will prevail. The Republicans need to filibuster any bill that does not have the support of the American people and make sure that these issues are dealt with in a proper context come January.
This Fraudclosure issue is definitely at the forefront of what I am addressing. The banks should not be bailed out of this situation and their interests should not be placed ahead of those of the American people. It is time that Justice and common sense prevail!
The Banks have taken on the role of Loan Sharks. You make a late payment and they make your plight worse, it goes beyond penalties into the realm of unnecessary punishment. The penalties do no fit the violation. The Fed lends the banks free hot money and they invest it anywhere, but back into our own nation's system. The money comes from America and should be reinvested in America. Instead, we see Banks that charge exorbitant interest rates and fees on people who are already struggling. Why are we bailing the Banks out?
Gerald Celente of the Trends Research Institute at TrendsResearch.com joined James Corbett of The Corbett Report to discuss the ongoing foreclosure crisis in the American real estate industry. He discusses the criminal mentality that makes these frauds possible and how people can protect themselves by unplugging themselves from the system.
Fraudclosure 102: Multi-tiered Bank Fraud Exposed!
Fraudclosure 101: Bursting the Piñata
A letter to the NC Attorney General involving Fraudclosure
You can help people save their homes!
Real Terrorism: Financial Terrorism - Time to break the Banksters
2nd wave of the Banking Meltdown is here
How can the United States avoid Bankruptcy?
The Plunge Protection Team and the Ponzi Economy
Friday, October 29, 2010
Fraudclosure 102: Multi-tiered Bank Fraud Exposed!
Already on Craigslist you can find a house that sold 2 years ago for $140,000 AND now trying to sell for $50,000 to $60,000 and they are not selling. I know people who are trying to sell their homes and there are no takers even at substantial discounts. The new home market is dead. The construction industry is dead.
In the past we paid 2% to 5% interest on homes. It was illegal to charge over 18% and anyone that did was considered a loan shark. Today banks are charging as much as 29.9% interest on Credit cards. They fostered predatory lending and sub-prime mortgages by creating balloon mortgages & adjustable interest rates on highly leveraged speculative loan investments. The banks charge outrageous fees that can cause consumers to pay 500%+ per year on money that they have borrowed, but because they call these charges “fees” they are permitted. And the government is complicit by endorsing all of this.
Thomas Jefferson said in 1802:
Maybe we should all walk away from our mortgages. The cost of home maintenance keeps escalating. The values of the homes are depreciating, because of the stagnant real estate market and in real terms because of the depreciation of the dollar. People also are having a hard time affording the bubble prices they originally paid for their mortgage, because of the housing market and the inflated cost of living.
In all, 930,437 homeowners received a foreclosure-related warning between July and September, up nearly 4 percent from the second quarter but down 1 percent from the same period last year, RealtyTrac said (Banks seize a record 288,345 homes in 3Q - Alex Veiga AP - 10/14/2010). The latest tally translates to one in 139 (7/10 of 1 percent) of U.S. homes in foreclosure. Banks have seized more than 816,000 homes through the first nine months of the year and are on pace to seize more than a million - .
1 in 4 homes currently being sold are homes that are in foreclosure (Nearly one in four second-quarter home sales a foreclosure - Reuters - 9/30/2010). Even without the current problems associated with fraud and foreclosure, we are going to see a disastrous depreciation in home prices. The fraudclosure issue only exacerbates the problem. This loss in value of home prices not only hurts mortgage holders, it also hurts people who own property outright, because it translates into negative equity in your home or property. You could see a situation where a home with a value of $200,000 in 2006 could fall to a value of $100,000 or less in the next few years.
The reason we are in this mess is because of the Financial Institutions’ hubris and greed. They used their own appraisers to escalate homes many times over their true intrinsic value. They also used the MERS system to avoid fees and did not follow historical precedent associated with Common law to follow proper procedures to secure and register property and maintain the history of the chain of ownership of properties. This leaves the entire market associated with foreclosures in a state of flux. The banks created truly convoluted schemes by loaning money out for $0 down and/or at initially low adjustable interest rates. They put people into homes that were too large a percentage of their income.
And the Banks keep getting bailed out by the Federal government. They used their appraisers to inflate properties that had a true value of let’s say $70,000 to $125,000. And a variable in the equation allowed the system in which artificial demand was created through speculation through house and property flipping. The client who enters the market wanting (creating demand) a home has to pay the price in this rigged (inflated bubble) market. The mortgage holder pays the mortgage until they can no longer afford it or the property falls so far under water that they no longer desire making the inflated payment in a recessed or depressed economic environment. At this point many homeowners/property owners will choose to walk away from the property.
Banks have made money on the monthly installments, they collected on late fees, and they collected on the derivatives and insurance from the foreclosed properties (Remember those PMI payments), and in the end they own the property. The banks should have to take the loss, because of the fraudulently elaborate structure that they have created. That might be bad for the bankers, but the government has decided to come along and bail out their banker buddies on multiple levels. And the government bailing out the banks leaves the taxpayers holding the bag. So the injured parties, in this system, are average Americans who have lost equity in their home, some who have taken home equity mortgages could end up in foreclosure, and some have already been forced into the foreclosure process, because they can’t afford the exorbitant cost of their mortgage in this imploding economy.
The government has loaned the megabanks trillions at 0% in the name of creating liquidity to take care of the problems associated with the Real Estate implosion. Very little of this free money has made its way to help individuals and small businesses out. They are using the market to make money through an arbitrage scheme called the “Carry Trade.” Carry trades are a form of arbitrage in which money is made if nothing changes against the carry's favor. The banks are borrowing money created by the Federal Reserve in conjunction with the sale of U.S. Treasuries at an artificially low interest rate. The banks then in turn invest the money in developing countries which inherently have higher rates of return associated with the increased risks associated with the returns on investment. This allows the megabanks to take this cheap money and make a substantial rate of return.
Besides the megabanks, this “hot money” has gone to an Automobile company, General Motors, who has been deemed too big to fail and it has gone to insurance company, AIG, who took premiums and invested them in very risky investments. What does this teach? General Motors has taken some of this money and invested it in their factories in China and Brazil. Once again we see harm being done to average Americans in favor of Wall Street and the Banking cartel.
It sure does seem that the Banks are staying afloat by buying time through these “Hot Money” Speculative Investments paid for by American Taxpayers. With so many homes being foreclosed on and the high default rates on short term loans, such as credit cards, that financial institutions are rigging the market at the expense of the middle class who is going broke. The Plunge Protection Team (run by the Fed and the Megabanks) is manipulating the markets to the tune of billions of dollars per day, the same way that they sold bad mortgage notes and played both sides of the fence when the Real Estate market tanked over the last few years. They have been in a no lose situation reflected by the huge bonuses that they continue to receive, while this debacle continues.
The worst part to me is when the wealthy disparage poor people as lazy, dumb, etc. They do this because their silver spooned minds can't understand common folks. Nothing ever trickles down. They tinkle down on us like they own us and we should be glad they allow us to breathe. They are comfortable and they don't understand people who struggle, so they insult, ridicule, and hate. Anyone who struggles is lumped in as a freeloader looking for a handout. The last few years have taught me, sure there are those who abuse the safety net, but the majority of people who are struggling have been pawns to the rich man’s game and this has nothing to do with Donkey or Elephant, because both parties have sold out the middle class through a lack of investment in human capital and endorsing the offshoring of our industry.
The banks are broke and the sooner people wrap their pea-brains around that, the sooner we can get on the road to recovery. The Federal Reserve represents the Financial Institutions interests. Any Americans who do not have ties to the Cartel are at risk of losing everything -- to think otherwise is foolish. They are debasing our currency to the point that it will soon be worthless, if we do not act. This housing debacle is part of the process leading to the destruction of the dollar and subsequently any assets based upon (tied to) our sovereign currency.
Below is a video of Randy Kelton, a Pro se litigant in Texas, who addresses this issue on Alex Jones radio show. For the non-dimwitted, who aren't lip locked to the mainstream media, here is an excellent summary of the Fraudclosure issue and remedies to this situation. This issue is going to have to be dealt with in the near future and the answer isn't to throw more money at the Banksters who go us into this mess to start with.
Fraudclosure 101: Bursting the Piñata
A letter to the NC Attorney General involving Fraudclosure
You can help people save their homes!
Real Terrorism: Financial Terrorism - Time to break the Banksters
2nd wave of the Banking Meltdown is here
How can the United States avoid Bankruptcy?
The Plunge Protection Team and the Ponzi Economy
In the past we paid 2% to 5% interest on homes. It was illegal to charge over 18% and anyone that did was considered a loan shark. Today banks are charging as much as 29.9% interest on Credit cards. They fostered predatory lending and sub-prime mortgages by creating balloon mortgages & adjustable interest rates on highly leveraged speculative loan investments. The banks charge outrageous fees that can cause consumers to pay 500%+ per year on money that they have borrowed, but because they call these charges “fees” they are permitted. And the government is complicit by endorsing all of this.
Thomas Jefferson said in 1802:
'I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property - until their children wake-up homeless on the continent their fathers conquered.'A House that was built in the early to mid 1900s for $1,000 to $3,000 was being sold a few years ago for as much as $250,000. The banks knew some of the homes needed major work & were not worth the loan amount, but they loaned large amounts and then sold these notes as derivative instruments on Wall Street. They even wagered on mortgage holders failing to maintain or increase their household income. And it has been obvious that the government allowed this by not maintaining proper oversight procedures.
Maybe we should all walk away from our mortgages. The cost of home maintenance keeps escalating. The values of the homes are depreciating, because of the stagnant real estate market and in real terms because of the depreciation of the dollar. People also are having a hard time affording the bubble prices they originally paid for their mortgage, because of the housing market and the inflated cost of living.
In all, 930,437 homeowners received a foreclosure-related warning between July and September, up nearly 4 percent from the second quarter but down 1 percent from the same period last year, RealtyTrac said (Banks seize a record 288,345 homes in 3Q - Alex Veiga AP - 10/14/2010). The latest tally translates to one in 139 (7/10 of 1 percent) of U.S. homes in foreclosure. Banks have seized more than 816,000 homes through the first nine months of the year and are on pace to seize more than a million - .
1 in 4 homes currently being sold are homes that are in foreclosure (Nearly one in four second-quarter home sales a foreclosure - Reuters - 9/30/2010). Even without the current problems associated with fraud and foreclosure, we are going to see a disastrous depreciation in home prices. The fraudclosure issue only exacerbates the problem. This loss in value of home prices not only hurts mortgage holders, it also hurts people who own property outright, because it translates into negative equity in your home or property. You could see a situation where a home with a value of $200,000 in 2006 could fall to a value of $100,000 or less in the next few years.
The reason we are in this mess is because of the Financial Institutions’ hubris and greed. They used their own appraisers to escalate homes many times over their true intrinsic value. They also used the MERS system to avoid fees and did not follow historical precedent associated with Common law to follow proper procedures to secure and register property and maintain the history of the chain of ownership of properties. This leaves the entire market associated with foreclosures in a state of flux. The banks created truly convoluted schemes by loaning money out for $0 down and/or at initially low adjustable interest rates. They put people into homes that were too large a percentage of their income.
And the Banks keep getting bailed out by the Federal government. They used their appraisers to inflate properties that had a true value of let’s say $70,000 to $125,000. And a variable in the equation allowed the system in which artificial demand was created through speculation through house and property flipping. The client who enters the market wanting (creating demand) a home has to pay the price in this rigged (inflated bubble) market. The mortgage holder pays the mortgage until they can no longer afford it or the property falls so far under water that they no longer desire making the inflated payment in a recessed or depressed economic environment. At this point many homeowners/property owners will choose to walk away from the property.
Banks have made money on the monthly installments, they collected on late fees, and they collected on the derivatives and insurance from the foreclosed properties (Remember those PMI payments), and in the end they own the property. The banks should have to take the loss, because of the fraudulently elaborate structure that they have created. That might be bad for the bankers, but the government has decided to come along and bail out their banker buddies on multiple levels. And the government bailing out the banks leaves the taxpayers holding the bag. So the injured parties, in this system, are average Americans who have lost equity in their home, some who have taken home equity mortgages could end up in foreclosure, and some have already been forced into the foreclosure process, because they can’t afford the exorbitant cost of their mortgage in this imploding economy.
The government has loaned the megabanks trillions at 0% in the name of creating liquidity to take care of the problems associated with the Real Estate implosion. Very little of this free money has made its way to help individuals and small businesses out. They are using the market to make money through an arbitrage scheme called the “Carry Trade.” Carry trades are a form of arbitrage in which money is made if nothing changes against the carry's favor. The banks are borrowing money created by the Federal Reserve in conjunction with the sale of U.S. Treasuries at an artificially low interest rate. The banks then in turn invest the money in developing countries which inherently have higher rates of return associated with the increased risks associated with the returns on investment. This allows the megabanks to take this cheap money and make a substantial rate of return.
Besides the megabanks, this “hot money” has gone to an Automobile company, General Motors, who has been deemed too big to fail and it has gone to insurance company, AIG, who took premiums and invested them in very risky investments. What does this teach? General Motors has taken some of this money and invested it in their factories in China and Brazil. Once again we see harm being done to average Americans in favor of Wall Street and the Banking cartel.
It sure does seem that the Banks are staying afloat by buying time through these “Hot Money” Speculative Investments paid for by American Taxpayers. With so many homes being foreclosed on and the high default rates on short term loans, such as credit cards, that financial institutions are rigging the market at the expense of the middle class who is going broke. The Plunge Protection Team (run by the Fed and the Megabanks) is manipulating the markets to the tune of billions of dollars per day, the same way that they sold bad mortgage notes and played both sides of the fence when the Real Estate market tanked over the last few years. They have been in a no lose situation reflected by the huge bonuses that they continue to receive, while this debacle continues.
The worst part to me is when the wealthy disparage poor people as lazy, dumb, etc. They do this because their silver spooned minds can't understand common folks. Nothing ever trickles down. They tinkle down on us like they own us and we should be glad they allow us to breathe. They are comfortable and they don't understand people who struggle, so they insult, ridicule, and hate. Anyone who struggles is lumped in as a freeloader looking for a handout. The last few years have taught me, sure there are those who abuse the safety net, but the majority of people who are struggling have been pawns to the rich man’s game and this has nothing to do with Donkey or Elephant, because both parties have sold out the middle class through a lack of investment in human capital and endorsing the offshoring of our industry.
The banks are broke and the sooner people wrap their pea-brains around that, the sooner we can get on the road to recovery. The Federal Reserve represents the Financial Institutions interests. Any Americans who do not have ties to the Cartel are at risk of losing everything -- to think otherwise is foolish. They are debasing our currency to the point that it will soon be worthless, if we do not act. This housing debacle is part of the process leading to the destruction of the dollar and subsequently any assets based upon (tied to) our sovereign currency.
Below is a video of Randy Kelton, a Pro se litigant in Texas, who addresses this issue on Alex Jones radio show. For the non-dimwitted, who aren't lip locked to the mainstream media, here is an excellent summary of the Fraudclosure issue and remedies to this situation. This issue is going to have to be dealt with in the near future and the answer isn't to throw more money at the Banksters who go us into this mess to start with.
Fraudclosure 101: Bursting the Piñata
A letter to the NC Attorney General involving Fraudclosure
You can help people save their homes!
Real Terrorism: Financial Terrorism - Time to break the Banksters
2nd wave of the Banking Meltdown is here
How can the United States avoid Bankruptcy?
The Plunge Protection Team and the Ponzi Economy
Tuesday, October 26, 2010
Seven Days
The national election is in seven days, but honestly I feel no excitement about it. I am registered as a Republican, but I don't feel like I am a part of the party. I don't have the money to buy influence and our local Republican Party is very weak, listless, and has no ideas about what it will take to turn our area around.
The Catawba County Republican Party seems to think that we should all march in lockstep. Well, I don't do dog and pony shows and I think a party is stronger when it has diverse opinions. That isn't to say that there should not be common ground, but I support more than Low Taxes, Gun Rights, and the Right to Life.
I believe that real politics starts close to home and home governance has more of an impact on our daily lives than what is happening in Washington. If we take care of business here, then Washington will have less of an impact on our daily lives. I do not want to be subservient to the whims and fancies of Washington (and Raleigh). Utah and Texas are both States that are as conservative as we are in this area and they are thriving. Look at the Milken numbers or the Forbes numbers. Forbes ranks the area as the 179th Best Place for Business and Careers and the Milken Institute ranks us as the 197th Best Performing City. Both of these studies include the 200 largest metros in the United States. You can believe these studies are biased if you want, but study after study represents us as the bottom of the barrel.
Folks, we have been at the bottom for years. At what point do we start looking at the people who we elect and ask them to step aside and let some people with some fresh ideas come to the fore. This area is a strong Republican area that tends to put the same people back in office based only upon party affiliation. The incumbents all say that they want to bring jobs to the area, but have they been successful? Have they really taken any steps besides showing up for ribbon cuttings?
I'm frustrated to sit back and watch the same people use a Checkers strategy in a world of 3D Chess. I want to know where our State representatives stand on the Real Estate Depression and the Wall Street banking cartel and do they have a grasp of the facts as to how all of this is negatively effecting our State. Have they seen the effect that this is having on Charlotte and how that effects our own area?
I look at the county commission race. The only thing I have heard is about the issue of keeping property taxes low and education -- yeah, I'm against education (haha!). Fact is that keeping property taxes low isn't going to make or break those of us at the bottom of the economic ladder. A 10-cent/ $1,000 rate increase would cost most of us $100 per year, but the people who own most everything around here would be paying tens of thousands more in taxes every year to the county. Do we really want to subsidize the rich folks who aren't putting money back into the community? Maybe this would force them to put some money back into the community, especially when we look at the absentee property owners who allow properties to turn to rubble and refuse to deal with the problem, because they don't see it every day.
I am all for keeping taxes low, but I believe that is just one factor in the equation. It must be balanced with making sure that infrastructure is properly maintained and kept modern. Harry Hipps gets to the heart of the matter when he starts talking about myopic views. I've read some of the political junk mail this political season and most of it says that the candidate wants to help create jobs. Candidates cannot create jobs unless they personally own a business, but they can help to create an environment that will enhance the ability of entrepreneurs to start-up and sustain businesses in our area. I have not heard any fresh ideas about how candidates would foster such an initiative.
So if the candidates want to help create a job friendly environment what do they need to do? They need to look at themselves and ask "What would spur me to start a business in this area?"
Number one, Start-Up Entrepreneurs need capital. No one is realistically talking about millions of dollar; sure it would be nice, but they need the money and facilities to get the ball rolling. Second, they need research facilities, infrastructure, and Human Resources and Capital to support their efforts and help push ideas forward to get ideas off of paper and into the factory or into the public. I think we have taken this mindset forward with the creation of the Manufacturing Solutions Center, but we need capital. Third, we need a community that does not accept the race to the bottom. We need people to demand excellence and fairness and have a willingness to put efforts forward that are not based upon personal preferences, goals, and wealth. This is the reason why we aren't gaining traction, because the vast majority of the people in this area are unwilling to do anything that does not personally benefit them in the short run.
We need politicians with energy, not hum drum boredom. If they are out of ideas, then it is time to bring forth new candidates and it is time that these incumbents do the right thing and let the new blood with fresh ideas take the stage. The parties around here are a joke, because they tell people that they need to wait their turn. That is what has created this Status Quo malignancy that is destroying a once thriving area.
Let's be honest we have one party in control in this area and that party does not really have anything to do with the original nature and intent of the Republican Party. When one looks back to Lincoln does one see a man (and a party) rooted in the Status Quo? When one looks to William McKinley, one sees a GOP party leader (and party) who wanted to protect American Economic Interests via tariffs and restricting "Free Trade." Look at the loss of manufacturing that has decimated this area. What are we supposed to do with this displaced workforce -- Euthanize them?
Yet, we have local leaders who have really made no attempt to fight this "Free for all trade" scheme. We need this to become a priority, because this gets at the crux of what has ruined our local economy. We need our local representatives to take this issue to Raleigh and Washington to create a mandate that Free Trade vs. Fair Trade must be addressed. What we have witnessed is no different than sitting back and watching your home be robbed, while complaining to the thieves. It is one thing to sit in the corner and bemoan the loss of our industry, it is another to take steps towards addressing the situation in a constructive manner that will defend our community's viability. We need to see some action!
This is only personal to the point that I see the lack of political leadership and the negative consequences that it has had on this area. We need some people that will demand facetime in the media to promote our plight. We can no longer afford to wait our turn. I believe that we are going to see a Republican surge next Tuesday, but I don't see anything positive coming from it, because the same ole establishment will remain in place. The (accountability) can will be kicked down the road to 2012, because we don't have the Presidency, we don't have the Governorship, we don't have control of yada, yada, yada...
It is time that the people reject politicians who constantly make excuses. You serve your time. You push your agenda. When you are out of energy and/or ideas, then it is time to do the right thing and step aside for those who can move us forward. Think about the great politicians of our time, did they look to constantly make excuses? It is alright (and necessary) to point where others are wrong, but only when you take action to invoke positive movement. The people can effect change when they choose to participate and hold people accountable for the policies they endorse, whether explicit or implied. The writing is on the wall, people need to realize that time is running out. We are coming to a Hold'em/Fold'em crossroads point in time in this community.
The Catawba County Republican Party seems to think that we should all march in lockstep. Well, I don't do dog and pony shows and I think a party is stronger when it has diverse opinions. That isn't to say that there should not be common ground, but I support more than Low Taxes, Gun Rights, and the Right to Life.
I believe that real politics starts close to home and home governance has more of an impact on our daily lives than what is happening in Washington. If we take care of business here, then Washington will have less of an impact on our daily lives. I do not want to be subservient to the whims and fancies of Washington (and Raleigh). Utah and Texas are both States that are as conservative as we are in this area and they are thriving. Look at the Milken numbers or the Forbes numbers. Forbes ranks the area as the 179th Best Place for Business and Careers and the Milken Institute ranks us as the 197th Best Performing City. Both of these studies include the 200 largest metros in the United States. You can believe these studies are biased if you want, but study after study represents us as the bottom of the barrel.
Folks, we have been at the bottom for years. At what point do we start looking at the people who we elect and ask them to step aside and let some people with some fresh ideas come to the fore. This area is a strong Republican area that tends to put the same people back in office based only upon party affiliation. The incumbents all say that they want to bring jobs to the area, but have they been successful? Have they really taken any steps besides showing up for ribbon cuttings?
I'm frustrated to sit back and watch the same people use a Checkers strategy in a world of 3D Chess. I want to know where our State representatives stand on the Real Estate Depression and the Wall Street banking cartel and do they have a grasp of the facts as to how all of this is negatively effecting our State. Have they seen the effect that this is having on Charlotte and how that effects our own area?
I look at the county commission race. The only thing I have heard is about the issue of keeping property taxes low and education -- yeah, I'm against education (haha!). Fact is that keeping property taxes low isn't going to make or break those of us at the bottom of the economic ladder. A 10-cent/ $1,000 rate increase would cost most of us $100 per year, but the people who own most everything around here would be paying tens of thousands more in taxes every year to the county. Do we really want to subsidize the rich folks who aren't putting money back into the community? Maybe this would force them to put some money back into the community, especially when we look at the absentee property owners who allow properties to turn to rubble and refuse to deal with the problem, because they don't see it every day.
I am all for keeping taxes low, but I believe that is just one factor in the equation. It must be balanced with making sure that infrastructure is properly maintained and kept modern. Harry Hipps gets to the heart of the matter when he starts talking about myopic views. I've read some of the political junk mail this political season and most of it says that the candidate wants to help create jobs. Candidates cannot create jobs unless they personally own a business, but they can help to create an environment that will enhance the ability of entrepreneurs to start-up and sustain businesses in our area. I have not heard any fresh ideas about how candidates would foster such an initiative.
So if the candidates want to help create a job friendly environment what do they need to do? They need to look at themselves and ask "What would spur me to start a business in this area?"
Number one, Start-Up Entrepreneurs need capital. No one is realistically talking about millions of dollar; sure it would be nice, but they need the money and facilities to get the ball rolling. Second, they need research facilities, infrastructure, and Human Resources and Capital to support their efforts and help push ideas forward to get ideas off of paper and into the factory or into the public. I think we have taken this mindset forward with the creation of the Manufacturing Solutions Center, but we need capital. Third, we need a community that does not accept the race to the bottom. We need people to demand excellence and fairness and have a willingness to put efforts forward that are not based upon personal preferences, goals, and wealth. This is the reason why we aren't gaining traction, because the vast majority of the people in this area are unwilling to do anything that does not personally benefit them in the short run.
We need politicians with energy, not hum drum boredom. If they are out of ideas, then it is time to bring forth new candidates and it is time that these incumbents do the right thing and let the new blood with fresh ideas take the stage. The parties around here are a joke, because they tell people that they need to wait their turn. That is what has created this Status Quo malignancy that is destroying a once thriving area.
Let's be honest we have one party in control in this area and that party does not really have anything to do with the original nature and intent of the Republican Party. When one looks back to Lincoln does one see a man (and a party) rooted in the Status Quo? When one looks to William McKinley, one sees a GOP party leader (and party) who wanted to protect American Economic Interests via tariffs and restricting "Free Trade." Look at the loss of manufacturing that has decimated this area. What are we supposed to do with this displaced workforce -- Euthanize them?
Yet, we have local leaders who have really made no attempt to fight this "Free for all trade" scheme. We need this to become a priority, because this gets at the crux of what has ruined our local economy. We need our local representatives to take this issue to Raleigh and Washington to create a mandate that Free Trade vs. Fair Trade must be addressed. What we have witnessed is no different than sitting back and watching your home be robbed, while complaining to the thieves. It is one thing to sit in the corner and bemoan the loss of our industry, it is another to take steps towards addressing the situation in a constructive manner that will defend our community's viability. We need to see some action!
This is only personal to the point that I see the lack of political leadership and the negative consequences that it has had on this area. We need some people that will demand facetime in the media to promote our plight. We can no longer afford to wait our turn. I believe that we are going to see a Republican surge next Tuesday, but I don't see anything positive coming from it, because the same ole establishment will remain in place. The (accountability) can will be kicked down the road to 2012, because we don't have the Presidency, we don't have the Governorship, we don't have control of yada, yada, yada...
It is time that the people reject politicians who constantly make excuses. You serve your time. You push your agenda. When you are out of energy and/or ideas, then it is time to do the right thing and step aside for those who can move us forward. Think about the great politicians of our time, did they look to constantly make excuses? It is alright (and necessary) to point where others are wrong, but only when you take action to invoke positive movement. The people can effect change when they choose to participate and hold people accountable for the policies they endorse, whether explicit or implied. The writing is on the wall, people need to realize that time is running out. We are coming to a Hold'em/Fold'em crossroads point in time in this community.
Monday, October 25, 2010
City Pools issue displays Local Officials' Myopic Views
Sprinkle or dunk? No. I’m not trying to start an argument between Catholics and Baptists on baptism, I’m referring to the discussion on the pools in Hickory. It is clear that the citizens want several pools in different parts of the City. I spoke many times about this in my run for City Council. The reasons should be obvious.
The Mayor and numerous City officials have referred to kids cooling off during the hot summer months. With their usual myopia, they ignore the elderly who want to exercise without jarring their skeletal systems or aggravating their arthritis, the disabled who would like activity that doesn’t hurt their backs, serious athletes who want to train for aquatic sports, and other interests besides the youths of our community. A splash pad may be an option for some, but as recent surveys and meetings show, pools are the choice of the community.
I believe the City government does not want to do this because of cost, liability, and the desire to not be responsible for managing the pools. I don’t buy the notion that people would not use the facilities if built. As several people have pointed out, when the pools were open maintenance was shoddy and the paperwork seems to be in shambles. There was no effort put into programs like swimming lessons, synchronized swimming, etc.
Numerous citizens have addressed Council on this issue and the recent Jackson Group survey confirms that this is what the people want. The question is: will City government ramrod their wishes and plans onto the public or are they really listening to the public? This will be a telling moment in the dialogue between the government and the governed.
The Mayor and numerous City officials have referred to kids cooling off during the hot summer months. With their usual myopia, they ignore the elderly who want to exercise without jarring their skeletal systems or aggravating their arthritis, the disabled who would like activity that doesn’t hurt their backs, serious athletes who want to train for aquatic sports, and other interests besides the youths of our community. A splash pad may be an option for some, but as recent surveys and meetings show, pools are the choice of the community.
I believe the City government does not want to do this because of cost, liability, and the desire to not be responsible for managing the pools. I don’t buy the notion that people would not use the facilities if built. As several people have pointed out, when the pools were open maintenance was shoddy and the paperwork seems to be in shambles. There was no effort put into programs like swimming lessons, synchronized swimming, etc.
Numerous citizens have addressed Council on this issue and the recent Jackson Group survey confirms that this is what the people want. The question is: will City government ramrod their wishes and plans onto the public or are they really listening to the public? This will be a telling moment in the dialogue between the government and the governed.
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