The Following is a video presentation of the Hickory City Council meeting of January 2, 2013.
Lower right hand square in the Youtube box takes you to full screen mode.
The big discussion of the night was about the subcommittee consisting of Mayor Wright, Alderwoman Fox and Alderwoman Patton to “Decide the language for getting citizens input at the beginning of the meeting.” As a duly appointed subcommittee of its members, the meetings will be advertised and open to the public. Council can discuss the process of the subcommittee and establish a time and location for its first meeting.
It looks like this meeting will occur on Monday January 14, 2012 at 9:30am. They did not mention where the meeting will take place but it will be a public meeting. This discussion begin at 20:40.
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Thursday, January 3, 2013
Wednesday, January 2, 2013
Cutting off the GOP Gravy Train
Peter King: Halt donations to House GOP
This is what I have done for the past few years. I have given no money to the GOP. One of the reasons why I haven't given any money is because I don't have it and what little money I do have to give has gone to help the Church and some individual causes.
I received a phone call on Saturday asking for a contribution to "Activate" my GOP membership. I told the guy I wasn't giving them a damned thing. First off, the only reason I answered the phone was because I thought it was a family member, because my family was in town, but if this guy was going to talk it up, then I was going to give him a piece of my mind.
I could tell that he was going over a schematic list... if I say this, then you say that type of thing. The first thing out of his mouth was about the Fiscal Cliff and how we need to beat back the Democrats to get the governments finances under control. I told him the Fiscal Cliff was a joke and we've gone over the cliff long ago. I told him that our party has contributed to this as much as the Democrats. We just initiated and pushed through a $677 billion Defense Authorization Program and how much is Homeland Security costing us? I fully support our troops, but in 2001 I wasn't signing on to wars that would last forever. I feel duped by all of that stuff. Hell, we blow things up to build them back again to blow them up again... How much is that costing along with giving billions to Warlords all over the Near and Far East?
Then he switches and says he understands my anger. Yeah, we need to get some of our guys out of there, how he is AWAKE, but we can only do that by supporting the party. Sounded like Bush telling us how the only way to save the free market system was through policies that interfered with the operation of the free market. I gave him Harry's line about "if you keep doing what you're doing, you're gonna get what you've got."
Can you give $100... Our party was fully instrumental in destroying my community's Industrial base through all of these "Free for All" trade agreements like GATT, the WTO, and NAFTA, why should I support that?
Can you give $50... My party turned a blind eye on immigration and worked with Democrats to allow an influx of people who have helped, along with the one way trade agreements, to diminish my ability to earn income, then they fuss about people not working or being on food stamps. That helps Democrats look good, because at least they say they don't want people being homeless or starving to death. Hey Republicans, why not work to bring decent paying jobs back to America? Then you will have a right to tell people to work or starve. Right now you just come across as apathetic idiots and hypocrites.
Can you give $25... The Republican Party says it is against unions, but they run the party like it's a union. Everybody is supposed to wait their turn and be seen, but not heard. This is as much our country as it is the bigwigs. They aren't going to get that until we show them that. I believe in a Meritocracy. I like the best ideas to come forward... the cream to rise to the top. One of the points of the Contract with America in 1993 was the idea of term limits. The idea that citizens would serve a few years and then go back home to rejoin society as a citizen - to be like everyone else as one of the people. When the Republicans won the majority, this was pushed to the background and rarely heard of again,. The Congress continued with their special salaries, special healthcare, special pensions, and other special privileges and amenities, while most of the rest of society has continued to decline... No I am not going to give you any money to continue on with your party and these policies.
Can you give anything... You don't get it. Back when I was making decent money and expenses were a lot less, I gave you money. That is how I got on this list. I gave you money, because I had it and I believed in the cause and the agenda you were espousing. And you took my money and you worked against my interests, because my money didn't amount to a hill of beans compared to that of the spoiled, effeminate Wall Street and Main Street Nutthuggers. You didn't do what you said you were going to do. I'll tell you what. When you do what you said you were going to do all of those years ago and you accomplish what you promised me and you begin working in my interests (the majority of the working public's interests), then I might feel like giving you some money and better yet, I might be able to afford to give you some money.
Til then GOOD BYE!
This is what I have done for the past few years. I have given no money to the GOP. One of the reasons why I haven't given any money is because I don't have it and what little money I do have to give has gone to help the Church and some individual causes.
I received a phone call on Saturday asking for a contribution to "Activate" my GOP membership. I told the guy I wasn't giving them a damned thing. First off, the only reason I answered the phone was because I thought it was a family member, because my family was in town, but if this guy was going to talk it up, then I was going to give him a piece of my mind.
I could tell that he was going over a schematic list... if I say this, then you say that type of thing. The first thing out of his mouth was about the Fiscal Cliff and how we need to beat back the Democrats to get the governments finances under control. I told him the Fiscal Cliff was a joke and we've gone over the cliff long ago. I told him that our party has contributed to this as much as the Democrats. We just initiated and pushed through a $677 billion Defense Authorization Program and how much is Homeland Security costing us? I fully support our troops, but in 2001 I wasn't signing on to wars that would last forever. I feel duped by all of that stuff. Hell, we blow things up to build them back again to blow them up again... How much is that costing along with giving billions to Warlords all over the Near and Far East?
Then he switches and says he understands my anger. Yeah, we need to get some of our guys out of there, how he is AWAKE, but we can only do that by supporting the party. Sounded like Bush telling us how the only way to save the free market system was through policies that interfered with the operation of the free market. I gave him Harry's line about "if you keep doing what you're doing, you're gonna get what you've got."
Can you give $100... Our party was fully instrumental in destroying my community's Industrial base through all of these "Free for All" trade agreements like GATT, the WTO, and NAFTA, why should I support that?
Can you give $50... My party turned a blind eye on immigration and worked with Democrats to allow an influx of people who have helped, along with the one way trade agreements, to diminish my ability to earn income, then they fuss about people not working or being on food stamps. That helps Democrats look good, because at least they say they don't want people being homeless or starving to death. Hey Republicans, why not work to bring decent paying jobs back to America? Then you will have a right to tell people to work or starve. Right now you just come across as apathetic idiots and hypocrites.
Can you give $25... The Republican Party says it is against unions, but they run the party like it's a union. Everybody is supposed to wait their turn and be seen, but not heard. This is as much our country as it is the bigwigs. They aren't going to get that until we show them that. I believe in a Meritocracy. I like the best ideas to come forward... the cream to rise to the top. One of the points of the Contract with America in 1993 was the idea of term limits. The idea that citizens would serve a few years and then go back home to rejoin society as a citizen - to be like everyone else as one of the people. When the Republicans won the majority, this was pushed to the background and rarely heard of again,. The Congress continued with their special salaries, special healthcare, special pensions, and other special privileges and amenities, while most of the rest of society has continued to decline... No I am not going to give you any money to continue on with your party and these policies.
Can you give anything... You don't get it. Back when I was making decent money and expenses were a lot less, I gave you money. That is how I got on this list. I gave you money, because I had it and I believed in the cause and the agenda you were espousing. And you took my money and you worked against my interests, because my money didn't amount to a hill of beans compared to that of the spoiled, effeminate Wall Street and Main Street Nutthuggers. You didn't do what you said you were going to do. I'll tell you what. When you do what you said you were going to do all of those years ago and you accomplish what you promised me and you begin working in my interests (the majority of the working public's interests), then I might feel like giving you some money and better yet, I might be able to afford to give you some money.
Til then GOOD BYE!
I told you so -- The Fiscal Farce
It is time folks. It is time to decide. Do you want to look in the mirror and see a tool and a fool or are you going to say No More... No More.
Folks, the charades that we have seen have destroyed the Republic. I told you they were going to make a deal and I told you that it was going to be bad. I am not arguing for arguments sake. I understand in negotiations that you have to compromise. I am not an idiot.
What we see is that at a time when we have grown the National Debt by over $6 trillion in 4 years, we are ready to further expand that. Like I pointed to a few weeks ago, you could actually see the National debt balloon to $22 trillion to $32 Trillion in the next 4 years. That is just by extrapolating the exponential numbers that we have seen over the last 8 years.
All it takes to break the dollar is a little blip up in interest rates. If interest rates go back to where they were in 2000, then our economy will be fully decimated. Bear with me.
The Federal Funds Rate
In other words the Fed Funds rate is the Interest Rate at which Intrabank Lending takes place at the shortest term basis (Daily). How much interest you earn or pay on a loan is based upon this rate. How much interest the Government earns or pays is based upon the Fed Funds Rate. It always costs more to take a loan out than you will earn in interest, because of the inherent risk associated with payback.
Today, because of Federal Reserve System manipulation, the Ded Funds interest rate is .1%. If you look back to 2007, that rate was 5.5% and back in 2000 it was 6.24%. Right now we are servicing the National Debt at an interest rate that floats somewhere near this rate through the sale of Treasury notes. When they tell you that they are going to raise the National Debt, that means that they are going to auction off more of these notes to the public Market. Other sovereign governments have been buying these notes (China, Japan, Russia, Saudi Arabia). Your Social Security is invested in these instruments. All of your financial institutions (Banks, Insurance Companies, Mutual Funds, and Pension Funds) are invested heavily in these instruments. And the Federal Reserve is even purchasing these funds from themselves, while this money already essentially has no backing.
All it takes is for one of these big institutions to start selling their holdings and/or demand a higher interest rate to invest and our problems will grow exponentially.
Last year the interest on the National debt was nearly $360 Billion ($359,796,008,919.49). If you round off that our average debt for 2011-12 was $15.5 trillion, then we paid an average interest rate of around 2.3% on the National Debt. What if interest rates were to go back closer to their historical average of around 4, 5, or 6%?
That would mean that we would easily see a doubling of the interest paid annually on the National Debt. That could easily take interest payments up to $700 Billion a year or higher. We are already running annual deficits of over $1 trillion over the past 4 years. If you start adding another $300 billion in interest, then you will never get that number down.
The biggest effect of all of this is that it is debasing the currency. Think of dollars as shares in a Corporation called the United States of America. The more of those dollars that are issued, the less the value of each share, especially when the value of the company isn't increasing.
I can go on and on about this, but what I presented is a lot to ponder. You might think everything is alright, because you have hitched your wagonj to the news media and the politicos. Oh they will tell you how the Gross Domestic Product grew at 3.1% last quarter, but they aren't factoring in inflation (resulting from the debasement of the currency) or the fact that much of that growth is accounted for through government spending paid for by increased debt.
And all the while, they continue on with their games, while kicking the can down the road. There is a reckoning steaming towards us. We're already over the cliff. I believe we are days (if not hours) away from the markets reacting very negatively.
Message to Congressman McHenry -- Get Rid of Boehner! It is time for him to go. He doesn't get it.
Folks, the charades that we have seen have destroyed the Republic. I told you they were going to make a deal and I told you that it was going to be bad. I am not arguing for arguments sake. I understand in negotiations that you have to compromise. I am not an idiot.
What we see is that at a time when we have grown the National Debt by over $6 trillion in 4 years, we are ready to further expand that. Like I pointed to a few weeks ago, you could actually see the National debt balloon to $22 trillion to $32 Trillion in the next 4 years. That is just by extrapolating the exponential numbers that we have seen over the last 8 years.
All it takes to break the dollar is a little blip up in interest rates. If interest rates go back to where they were in 2000, then our economy will be fully decimated. Bear with me.
The Federal Funds Rate
Wikipedia - In the United States, the federal funds rate is the interest rate at which depository institutions actively trade balances held at the Federal Reserve, called federal funds, with each other, usually overnight, on an uncollateralized basis. Institutions with surplus balances in their accounts lend those balances to institutions in need of larger balances. The federal funds rate is an important benchmark in financial markets.[1][2]
In other words the Fed Funds rate is the Interest Rate at which Intrabank Lending takes place at the shortest term basis (Daily). How much interest you earn or pay on a loan is based upon this rate. How much interest the Government earns or pays is based upon the Fed Funds Rate. It always costs more to take a loan out than you will earn in interest, because of the inherent risk associated with payback.
Today, because of Federal Reserve System manipulation, the Ded Funds interest rate is .1%. If you look back to 2007, that rate was 5.5% and back in 2000 it was 6.24%. Right now we are servicing the National Debt at an interest rate that floats somewhere near this rate through the sale of Treasury notes. When they tell you that they are going to raise the National Debt, that means that they are going to auction off more of these notes to the public Market. Other sovereign governments have been buying these notes (China, Japan, Russia, Saudi Arabia). Your Social Security is invested in these instruments. All of your financial institutions (Banks, Insurance Companies, Mutual Funds, and Pension Funds) are invested heavily in these instruments. And the Federal Reserve is even purchasing these funds from themselves, while this money already essentially has no backing.
All it takes is for one of these big institutions to start selling their holdings and/or demand a higher interest rate to invest and our problems will grow exponentially.
Last year the interest on the National debt was nearly $360 Billion ($359,796,008,919.49). If you round off that our average debt for 2011-12 was $15.5 trillion, then we paid an average interest rate of around 2.3% on the National Debt. What if interest rates were to go back closer to their historical average of around 4, 5, or 6%?
That would mean that we would easily see a doubling of the interest paid annually on the National Debt. That could easily take interest payments up to $700 Billion a year or higher. We are already running annual deficits of over $1 trillion over the past 4 years. If you start adding another $300 billion in interest, then you will never get that number down.
The biggest effect of all of this is that it is debasing the currency. Think of dollars as shares in a Corporation called the United States of America. The more of those dollars that are issued, the less the value of each share, especially when the value of the company isn't increasing.
I can go on and on about this, but what I presented is a lot to ponder. You might think everything is alright, because you have hitched your wagonj to the news media and the politicos. Oh they will tell you how the Gross Domestic Product grew at 3.1% last quarter, but they aren't factoring in inflation (resulting from the debasement of the currency) or the fact that much of that growth is accounted for through government spending paid for by increased debt.
And all the while, they continue on with their games, while kicking the can down the road. There is a reckoning steaming towards us. We're already over the cliff. I believe we are days (if not hours) away from the markets reacting very negatively.
Message to Congressman McHenry -- Get Rid of Boehner! It is time for him to go. He doesn't get it.
Monday, December 31, 2012
Goodbye 2012 - Don't let the door hit ya...
where the good Lord split ya.
2012 wasn't a terrible year, but it was another rut year. Here's to the hope that 2013 will be better, but by the looks of things it isn't going to be better for the country. Oh, it might be better for some individuals, but as a collective it looks like it will be another rut year... an insane year. Doing the same thing over and over and expecting a different result.
Once again the agenda is being driven by self interests and the brain dead discussion about the Fiscal Cliff. Like I have told you, there will be a deal made and you are going to be worse off because of it. We commoners will pay and the Richie Rich's will continue paying their lawyers and accountants to duck and dodge their responsibilities.
Like I told a person the other day, the Republican's constantly p*** and moan about unions and then they turn around and run their party like a union. Everything is based on seniority and new thoughts and ideas are pushed to the background and the younger people are told to wait their turn as the Bitter Old Men drive us nowhere.
The big question leaving 2012. You took care of your Wall Street buddies and helped them send jobs overseas. You imposed a costly military industrial and security apparatus over us that is stifling the country's ability to grow from a cost/expense aspect. For every job that has been created more have been destroyed and now you can't paper it over any more. Now come the spending cuts and tax increases. Do you think that people are going to willingly crawl in the corner and starve to death when the ultimate result goes down?
2012 wasn't a terrible year, but it was another rut year. Here's to the hope that 2013 will be better, but by the looks of things it isn't going to be better for the country. Oh, it might be better for some individuals, but as a collective it looks like it will be another rut year... an insane year. Doing the same thing over and over and expecting a different result.
Once again the agenda is being driven by self interests and the brain dead discussion about the Fiscal Cliff. Like I have told you, there will be a deal made and you are going to be worse off because of it. We commoners will pay and the Richie Rich's will continue paying their lawyers and accountants to duck and dodge their responsibilities.
Like I told a person the other day, the Republican's constantly p*** and moan about unions and then they turn around and run their party like a union. Everything is based on seniority and new thoughts and ideas are pushed to the background and the younger people are told to wait their turn as the Bitter Old Men drive us nowhere.
The big question leaving 2012. You took care of your Wall Street buddies and helped them send jobs overseas. You imposed a costly military industrial and security apparatus over us that is stifling the country's ability to grow from a cost/expense aspect. For every job that has been created more have been destroyed and now you can't paper it over any more. Now come the spending cuts and tax increases. Do you think that people are going to willingly crawl in the corner and starve to death when the ultimate result goes down?
Sunday, December 30, 2012
Economic Stories of Relevance in Today's World -- December 30, 2012
16 Things About 2013 That Are Really Going To Stink - The Economic Collapse Blog -
Michael Snyder - December 27th, 2012 - The beginning of the year has traditionally been a time of optimism when we all look forward to the exciting things that are going to happen over the next 12 months. Unfortunately, there are a whole bunch of things about 2013 that we already know are going to stink. Taxes are going to go up, good paying jobs will continue to leave the country, small businesses will continue to be destroyed, the number of Americans living in poverty will continue to soar, our infrastructure will continue to decay, global food supplies will likely continue to dwindle and the U.S. national debt will continue to explode. Our politicians continue to pursue the same policies that got us into this mess, and yet they continue to expect things to magically turn around. But that is not the way that things work in the real world. Bad decisions lead to bad outcomes. Instead of realizing that what we are doing is not working, our "leaders" continue to give us more of the same. As a result, there are going to be a lot of things about 2013 that will not be great. Sticking our heads in the sand and pretending that everything will be "okay" somehow is not going to help anyone. We've got to make people understand exactly what is happening and why it is happening if we ever hope to see real changes. The following are 16 things about 2013 that are really going to stink...
#1 Taxes Are Going To Go Up...
#2 The Middle Class Is About To Be Scorched By The Alternative Minimum Tax...
#3 The Economy Will Continue To Get Worse...
#4 Good Paying Jobs Will Continue To Be Shipped Out Of The United States...
#5 Small Businesses Will Continue To Be Destroyed...
#6 Hunger And Poverty Will Continue To Explode To Unprecedented Levels...
#7 The Number Of Americans On Food Stamps Will Continue To Increase...
#8 Millions Of Americans Are About To Lose Their Unemployment Benefits...
#9 Our Infrastructure Will Continue To Rot And Decay...
#10 Many Of Our Major Cities Will Continue To Be Transformed Into Festering Hellholes...
#11 State And Local Governments Will Find Ways To Squeeze Even More Money Out Of Us...
#12 Drug Cartels Will Continue To Easily Cross Our Borders And Terrorize Our Citizens...
#13 Social Decay Will Continue To Accelerate...
#14 Global Food Supplies Will Continue To Dwindle...
#15 Wall Street Will Continue To Resemble A Giant Casino...
#16 The U.S. National Debt Will Cross The 17 Trillion Dollar Mark...
Ron Paul On The Fiscal Cliff: "We Have Passed The Point Of No Return" - Zero Hedge - Tyler Durden - December 29, 2012 - In a little under three minutes, Ron Paul explains to a somewhat nonplussed CNBC anchor just how ridiculous the charade that is occurring in D.C. actually is. This succinct spin-free clip should be required viewing for each and every asset-manager, talking-head, propagandist, and mom-and-pop who are viewing the last-minute idiocy of the 'fiscal cliff' debacle with some hope that things will be different this time. "We have passed the point of no return where we can actually get our house back in order," Paul begins, adding that "they pretend they are fighting up there, but they really aren't. They are arguing over power, spin, who looks good, who looks bad; all trying to preserve the system where they can spend what they want, take care of their friends and print money when they need it." With social safety nets available to rich and poor, there is no impetus for change and "the country loses," but Paul concludes, the markets are starting to say "there is a limit to this."
Bob Shiller On The 'Housing Recovery': "Highly Uncertain, It's Risky" - Zero Hedge - Tyler Durden - December 28, 2012 - Sometimes, taking a break from the mainstream view of the world is healthy for our sheep-like tendencies to follow the herd. To wit, Robert Shiller can't understand the enthusiasm for the long-term recovery outlook of the housing market. With rentals rising and home-ownership dwindling, Shiller, in this Bloomberg TV clip, questions the positivity noting that the outlook is 'fuzzy' at best; and in fact in the short-term is negative as MoM things have deteriorated modestly (though seasonally). He note that the focus has been on multi-family residences and "if you are sitting in a suburban single-family house - what is your outlook? Highly uncertain - It's Risky!" And in one of the most prescient comments of recent weeks, Shiller admits something that many others should try: "[the outlook] could be up; but I don't see how anyone knows?" adding that another plausible outlook for the next five years is that "housing stays right where it is now," adding that Zillow's 1.3% annual real growth expectation could be too optimistic.
Payback time: Florida homeowners foreclosing on banks - CNN Money - Les Christie - December 26, 2012 - Since the housing bubble burst in Florida five years ago, more than 400,000 borrowers have had their homes foreclosed on by their lenders. But for some, it's payback time. Hundreds of homeowners and condo associations are foreclosing on banks that have failed to pay dues and other expenses on the properties they've repossessed. When banks foreclose on a home they become responsible for paying fees to the homeowners association -- both any unpaid fees going back as far as 12 months and all expenses going forward. In many cases, however, banks are failing to pay, leaving these associations short on cash, according to Miami-based attorney Ben Solomon. But now, homeowners groups are putting liens on the properties until banks pay up and foreclosing on them if they don't. Related: American Dream homes: Prices in 9 cities So far, Solomon's firm has filed more than 1,100 liens against banks on behalf of homeowners and has pursued 131 foreclosures. In more than 90% of the cases, he said, the banks settle by paying the bills. The banks' failure to pay dues has consequences. Other homeowners have to make up the difference, or the homeowners associations may lack the money they need for things like routine maintenance, security, water and garbage collection. Don Gonzales owns a townhouse in a condo community on a golf course in Homestead, Fla., where Solomon recently filed suit to foreclose on JPMorgan Chase (JPM, Fortune 500) to recover $20,000 it owed on more than two years of dues and common charges.
"I own two properties and it really ticks me off when the banks don't pay their fair share," he said. "Everybody else has to make it up."
Yes, we can fix Social Security (but it won't be pretty) - Life Inc. on Today - Allison Linn, TODAY - December 24, 2012 - ... Experts say there are two ways to fix Social Security, and neither of them are pretty: reduce benefits or increase revenue... The proposed switch to calculating cost of living increases using the chained Consumer Price Index instead of the current method would result in smaller annual Social Security raises. That’s because that method assumes that people change their spending habits when prices go up. Proponents say the switch could save billions and is a more realistic method of how Americans really adjust to rising prices. But opponents say the chained Consumer Price Index isn’t a good way to measure the needs of older and disabled Americans, because their expenditures are disproportionately focused on things like health care. A family of four may choose to eat more chicken if beef prices go up, but an elderly person can’t easily choose to spend less on heart medicine, they argue. Under the current rules, the maximum taxable earnings for Social Security in 2012 is about $110,000. Some argue that an easy fix would be to simply raise the cap on Social Security taxes to include higher wages. Baker, of CEPR, proposes raising the cap to around $190,000, reflecting the growing wealth at the top of the income scale. Raise it higher than that, he said, and wealthy earners will just start finding ways to dodge it. But others say that it’s unlikely politicians will propose raising taxes on high earners now, when many expect those taxpayers to already see increases as part of the fiscal cliff negotiations.
U.S. retailers scramble after lackluster holiday sales - Reuters - Nivedita Bhattacharjee and Jessica Wohl - December 26, 2012 - The 2012 holiday season may have been the worst for retailers since the 2008 financial crisis, with sales growth far below expectations, forcing many to offer massive post-Christmas discounts in hopes of shedding excess inventory. While chains like Wal-Mart Stores Inc and Gap Inc are thought to have done well, analysts expect much less from the likes of book seller Barnes & Noble Inc and department store chain J. C. Penney Co Inc. Shares of retailers dropped sharply on Wednesday, helping drag broader indexes lower, as investors realized they were likely to be disappointed when companies start to report results in a few weeks' time... Growth was always expected to slow this season, though an improving employment picture and rising home values had helped mitigate the worst fears. But then Superstorm Sandy hit the East Coast in late October, mild weather blunted sales of winter clothing and rising concern about the "fiscal cliff" became more of a reality, dragging down already-pessimistic forecasts. The latest sign of trouble came from MasterCard Advisors Spending Pulse, which reported holiday-related sales rose 0.7 percent from October 28 through December 24, compared with a 2 percent increase last year. The preliminary estimate from SpendingPulse was in line with other estimates showing weak growth during the holiday season, when retailers can book about 30 percent of annual sales - and in many cases, half of their profit.
Thrive 2011
Michael Snyder - December 27th, 2012 - The beginning of the year has traditionally been a time of optimism when we all look forward to the exciting things that are going to happen over the next 12 months. Unfortunately, there are a whole bunch of things about 2013 that we already know are going to stink. Taxes are going to go up, good paying jobs will continue to leave the country, small businesses will continue to be destroyed, the number of Americans living in poverty will continue to soar, our infrastructure will continue to decay, global food supplies will likely continue to dwindle and the U.S. national debt will continue to explode. Our politicians continue to pursue the same policies that got us into this mess, and yet they continue to expect things to magically turn around. But that is not the way that things work in the real world. Bad decisions lead to bad outcomes. Instead of realizing that what we are doing is not working, our "leaders" continue to give us more of the same. As a result, there are going to be a lot of things about 2013 that will not be great. Sticking our heads in the sand and pretending that everything will be "okay" somehow is not going to help anyone. We've got to make people understand exactly what is happening and why it is happening if we ever hope to see real changes. The following are 16 things about 2013 that are really going to stink...
#1 Taxes Are Going To Go Up...
#2 The Middle Class Is About To Be Scorched By The Alternative Minimum Tax...
#3 The Economy Will Continue To Get Worse...
#4 Good Paying Jobs Will Continue To Be Shipped Out Of The United States...
#5 Small Businesses Will Continue To Be Destroyed...
#6 Hunger And Poverty Will Continue To Explode To Unprecedented Levels...
#7 The Number Of Americans On Food Stamps Will Continue To Increase...
#8 Millions Of Americans Are About To Lose Their Unemployment Benefits...
#9 Our Infrastructure Will Continue To Rot And Decay...
#10 Many Of Our Major Cities Will Continue To Be Transformed Into Festering Hellholes...
#11 State And Local Governments Will Find Ways To Squeeze Even More Money Out Of Us...
#12 Drug Cartels Will Continue To Easily Cross Our Borders And Terrorize Our Citizens...
#13 Social Decay Will Continue To Accelerate...
#14 Global Food Supplies Will Continue To Dwindle...
#15 Wall Street Will Continue To Resemble A Giant Casino...
#16 The U.S. National Debt Will Cross The 17 Trillion Dollar Mark...
Ron Paul On The Fiscal Cliff: "We Have Passed The Point Of No Return" - Zero Hedge - Tyler Durden - December 29, 2012 - In a little under three minutes, Ron Paul explains to a somewhat nonplussed CNBC anchor just how ridiculous the charade that is occurring in D.C. actually is. This succinct spin-free clip should be required viewing for each and every asset-manager, talking-head, propagandist, and mom-and-pop who are viewing the last-minute idiocy of the 'fiscal cliff' debacle with some hope that things will be different this time. "We have passed the point of no return where we can actually get our house back in order," Paul begins, adding that "they pretend they are fighting up there, but they really aren't. They are arguing over power, spin, who looks good, who looks bad; all trying to preserve the system where they can spend what they want, take care of their friends and print money when they need it." With social safety nets available to rich and poor, there is no impetus for change and "the country loses," but Paul concludes, the markets are starting to say "there is a limit to this."
Bob Shiller On The 'Housing Recovery': "Highly Uncertain, It's Risky" - Zero Hedge - Tyler Durden - December 28, 2012 - Sometimes, taking a break from the mainstream view of the world is healthy for our sheep-like tendencies to follow the herd. To wit, Robert Shiller can't understand the enthusiasm for the long-term recovery outlook of the housing market. With rentals rising and home-ownership dwindling, Shiller, in this Bloomberg TV clip, questions the positivity noting that the outlook is 'fuzzy' at best; and in fact in the short-term is negative as MoM things have deteriorated modestly (though seasonally). He note that the focus has been on multi-family residences and "if you are sitting in a suburban single-family house - what is your outlook? Highly uncertain - It's Risky!" And in one of the most prescient comments of recent weeks, Shiller admits something that many others should try: "[the outlook] could be up; but I don't see how anyone knows?" adding that another plausible outlook for the next five years is that "housing stays right where it is now," adding that Zillow's 1.3% annual real growth expectation could be too optimistic.
Payback time: Florida homeowners foreclosing on banks - CNN Money - Les Christie - December 26, 2012 - Since the housing bubble burst in Florida five years ago, more than 400,000 borrowers have had their homes foreclosed on by their lenders. But for some, it's payback time. Hundreds of homeowners and condo associations are foreclosing on banks that have failed to pay dues and other expenses on the properties they've repossessed. When banks foreclose on a home they become responsible for paying fees to the homeowners association -- both any unpaid fees going back as far as 12 months and all expenses going forward. In many cases, however, banks are failing to pay, leaving these associations short on cash, according to Miami-based attorney Ben Solomon. But now, homeowners groups are putting liens on the properties until banks pay up and foreclosing on them if they don't. Related: American Dream homes: Prices in 9 cities So far, Solomon's firm has filed more than 1,100 liens against banks on behalf of homeowners and has pursued 131 foreclosures. In more than 90% of the cases, he said, the banks settle by paying the bills. The banks' failure to pay dues has consequences. Other homeowners have to make up the difference, or the homeowners associations may lack the money they need for things like routine maintenance, security, water and garbage collection. Don Gonzales owns a townhouse in a condo community on a golf course in Homestead, Fla., where Solomon recently filed suit to foreclose on JPMorgan Chase (JPM, Fortune 500) to recover $20,000 it owed on more than two years of dues and common charges.
"I own two properties and it really ticks me off when the banks don't pay their fair share," he said. "Everybody else has to make it up."
5 fiscal-cliff effects on your wallet - MarketWatch - Kelli B. Grant - December 29, 2012 - As Congress continues working toward a deal that could avoid the fiscal cliff, consumers may want to consider what going over it could mean for their wallets. The most talked-about impact, naturally, would be higher tax rates. (This fall, we estimated that taxpayers in the bottom quintile would see their bill increase by $412; the middle class, by $1,984. Read “What a fiscal-cliff plunge would cost you.” ) But experts say the cliff’s broad budget cuts affecting nearly all government agencies would have a trickle-down effect that would hit consumers in less expected ways in 2013 and beyond—some involving price hikes, others decreases. “There is a dizzying variety of things the government pays for,” says Jack Plunkett, chief executive of consulting firm Plunkett Research....
Cheaper gasoline... Longer airport waits ... Pricier groceries... Bigger retail discounts... Riskier foods and drugs...
Yes, we can fix Social Security (but it won't be pretty) - Life Inc. on Today - Allison Linn, TODAY - December 24, 2012 - ... Experts say there are two ways to fix Social Security, and neither of them are pretty: reduce benefits or increase revenue... The proposed switch to calculating cost of living increases using the chained Consumer Price Index instead of the current method would result in smaller annual Social Security raises. That’s because that method assumes that people change their spending habits when prices go up. Proponents say the switch could save billions and is a more realistic method of how Americans really adjust to rising prices. But opponents say the chained Consumer Price Index isn’t a good way to measure the needs of older and disabled Americans, because their expenditures are disproportionately focused on things like health care. A family of four may choose to eat more chicken if beef prices go up, but an elderly person can’t easily choose to spend less on heart medicine, they argue. Under the current rules, the maximum taxable earnings for Social Security in 2012 is about $110,000. Some argue that an easy fix would be to simply raise the cap on Social Security taxes to include higher wages. Baker, of CEPR, proposes raising the cap to around $190,000, reflecting the growing wealth at the top of the income scale. Raise it higher than that, he said, and wealthy earners will just start finding ways to dodge it. But others say that it’s unlikely politicians will propose raising taxes on high earners now, when many expect those taxpayers to already see increases as part of the fiscal cliff negotiations.
U.S. retailers scramble after lackluster holiday sales - Reuters - Nivedita Bhattacharjee and Jessica Wohl - December 26, 2012 - The 2012 holiday season may have been the worst for retailers since the 2008 financial crisis, with sales growth far below expectations, forcing many to offer massive post-Christmas discounts in hopes of shedding excess inventory. While chains like Wal-Mart Stores Inc and Gap Inc are thought to have done well, analysts expect much less from the likes of book seller Barnes & Noble Inc and department store chain J. C. Penney Co Inc. Shares of retailers dropped sharply on Wednesday, helping drag broader indexes lower, as investors realized they were likely to be disappointed when companies start to report results in a few weeks' time... Growth was always expected to slow this season, though an improving employment picture and rising home values had helped mitigate the worst fears. But then Superstorm Sandy hit the East Coast in late October, mild weather blunted sales of winter clothing and rising concern about the "fiscal cliff" became more of a reality, dragging down already-pessimistic forecasts. The latest sign of trouble came from MasterCard Advisors Spending Pulse, which reported holiday-related sales rose 0.7 percent from October 28 through December 24, compared with a 2 percent increase last year. The preliminary estimate from SpendingPulse was in line with other estimates showing weak growth during the holiday season, when retailers can book about 30 percent of annual sales - and in many cases, half of their profit.
Thrive 2011
Saturday, December 29, 2012
Riding with the Hound - December 24, 2012 - Part 2 - w/Landmarks
I took some good advice from a follower and I will include landmarks and I am also going to go and physically show you some of the landmarks associated with the issues that we have been talking about here on the Hound.
The following is a ride from 29th Avenue (Havenwood neighborhood across from the Church of the Master)to 1859 Cafe (443 2nd Ave SW).
The following is a ride from 29th Avenue (Havenwood neighborhood across from the Church of the Master)to 1859 Cafe (443 2nd Ave SW).
Friday, December 28, 2012
Riding with the Hound - December 24, 2012
This will be a new series where I film some of my travels through Hickory. This was from Christmas Eve around 5pm. I had gone to check on 1859 Cafe, yes it's closed, and from there I headed to WalMart in Granite Falls to pick up a couple Spicy Italian subs to take over to my Grandmother's for my Grandmother, Mother, and self.
When I was a kid it was always a tradition for the family to get together and have snacks, soup and sandwiches on Christmas Eve. I at least wanted to pay some tribute to that tradition this year. Times are certainly changing and I certainly miss the good ole days. Most all of my family is now dead or moved away now, but I know that nobody cares to hear about that, so I won't digress about that anymore.
Hope you enjoy the ride and for you out-of-towners maybe you will learn how to get around town easier.
When I was a kid it was always a tradition for the family to get together and have snacks, soup and sandwiches on Christmas Eve. I at least wanted to pay some tribute to that tradition this year. Times are certainly changing and I certainly miss the good ole days. Most all of my family is now dead or moved away now, but I know that nobody cares to hear about that, so I won't digress about that anymore.
Hope you enjoy the ride and for you out-of-towners maybe you will learn how to get around town easier.
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