Elaine Meinel Supkis
Right after my bitter complaints about all the Daddy Warbucks diddling away all our future earnings comes a story about the totally inept refitting of the Coast Guard which now needs twice as much more money to fix the problems created by Mississippi's Repub, Trent Lott, and his gang. Also, the super-duper rich are unloading insider stocks after they and the Treasury chief who used to run Wall Street, inflated stock values. And Russia explains the reality of international currency dealing.
&hearts After spending a fortune, big military corporate interests cough up a nasty hairball.
By Renae Merle and Spencer S. HsuUpdated: 6:29 a.m. CT Dec 8, 2006
WASHINGTON - A multibillion-dollar effort to modernize the Coast Guard's fleet has suffered delays, cost increases, design flaws and, most recently, the idling of eight 123-foot patrol boats that were found to be not seaworthy after an $88 million refurbishment.The sidelining of eight of 10 Miami-based cutters worsens a patrol-boat crisis while the Coast Guard is preparing for an exodus of Cubans that could happen when dictator Fidel Castro is no longer in power, Coast Guard leaders acknowledge.
More broadly, congressional critics warn that early mistakes in the 25-year modernization program, called Deepwater -- the Coast Guard's largest contract ever -- are hobbling the service's transformation into a front-line homeland security force.
Once again, thanks to Congress and the Pentagon, they managed to fubar yet another program to protect America. They don't take any of this stuff seriously at all. They really don't give a hoot. Padding their pockets and lining their nests: this is the goal! This flaccid attitude goes all the way to the top of the White House. All, the Bushes, the Cheneys, Trent Lott and his gang, all these guys have only one goal: to get filthy rich on American IOUs to China and Japan.
Because no one is 'paying' for any of this, they simply take the American Express Card To Hell and hand it over to the Chinese and say, 'I'm charging everything up to the limit.' And the Chinese laugh. Hahaha. 'Go right ahead. Pay no attention to the bills!'
The Chinese just executed people who protested a dam! Shot them in the head after a short trial. They are pretty ruthless. Anyone who imagines they intend to coddle us forever and protect us from our own follies is BARKING INSANE.
Sigh. They will put an economic bullet to our own silly heads in due time. This has been the plan since...since around 1984 when they told me this was their plan! They wanted to figure out how to join us in the economic game so they could destroy us! And I told the State Department this horrible news and they blew me off, no one listens to me! Who am I?
Well, the guys in China know who I am. So does the CIA. And the CIA still won't listen to me!
No 'intelligence' except using the grey brain cells in our skulls, will save our asses. No information, no weapons, no nukes, no diplomacy, even, can save us unless we first recognize we can't keep spending money on useless stuff, messing around, running up the clock, and then going to China for more IOUs! This just cannot be. Anyone doing this is a traitor. Period.
PAUL THARP
NY Post
Friday, December 8, 2006America's corporate chiefs are unloading their own stocks at one of the boldest paces in 20 years.
In cases of the very rich, such as Microsoft's Bill Gates and Google's top brass, the executives are selling a whopping $63 for each $1 of stock they bought, says a report by Bloomberg.
In November alone, leaders of public companies dumped $8.4 billion worth of stock they owned as insiders, most of it awarded as compensation, bonuses or other management incentives.
But the vast majority of the executives put their windfall cash to work elsewhere, with just $133 million being plowed back into purchases of more company stock.
I keep warning everyone, ALL trades by ALL corporate executives are by definition, ALWAYS 'insider trading.' Period. And when the economy is mostly military/industrial corporations, this means the government and the CIC of all these entities including the Pentagon, are conspiritors manipulating the economic data and couple this with the lying pack of running dogs in the media working alongside to drum up victims of this ongoing Ponzie scheme, you get economic disasters that hit like clockwork.
By LAURIE KELLMAN, Associated Press Writer 55 minutes ago
WASHINGTON - New Democratic and Republican leaders, trying to break Senate gridlock, are planning secret "bipartisan caucuses" to speed up business.The plans were disclosed Friday, even as a Congress still under Republican control was being accused of being a "do-nothing" institution. It would establish a precedent expanding the kinds of "executive sessions" that up to now have been relatively rare, so that lawmakers can work better together.
It's the brainchild of incoming Senate Majority Leader Harry Reid, D-Nev., and has been endorsed by his Republican opposite number, Sen. Mitch McConnell (news, bio, voting record) of Kentucky.
The rules governing the meetings have not been finalized, according to Reid spokesman Jim Manley. But it is likely that many of the meetings would be closed to the public, he said.
And this week these clowns are yelling at Putin? Huh? Um, the Russian people are seeing better times because of Putin, he isn't looting the nation! Unlike the traitors in DC. Maybe they are locking out the lobbyists: well, it ain't gonna work because the lobbyists and Congress are ONE AND THE SAME. They are on the same wave length, they have the same goal: to make themselves as rich as possible, and they have the same phone numbers because many of them are related to each other!!!! Just like Bush's family is owned by the Saudis and the Chinese!
To clean this up, we have to arrest all these people. I see more and more people are wishing for a coup and remember this: no coup ever cleans up anything. They simply pick out some minority to loot and that minority has to have lots of money and if Jewish people can't figure out this riddle...well, history is a bitch. No one has need to loot the underclass.
&hearts Russia thoughtfully explains international monetary trading.
More recently, there have been strong indications from the Chinese monetary authorities and others that diversification of currency reserves is becoming a more active policy. Arithmetically, a simple decision to place fewer new reserves in dollar-denominated assets can have an appreciable impact on the currency.In which context, I am much amused by the comment yesterday from Sergei Kamburov, the deputy director of the Russian central bank's market operations, who said: "We don't have plans about diversification of our reserve assets towards the euro from the US dollar. We don't have any plans because we already have done it."
Many others haven't. And the implication, as the euro heads for new highs against the dollar, is that the export boom that has led the recent German and eurozone economic recovery will be threatened by further rises in the euro.
The Russians and Chinese forced Japan and Europe to buy up dollars but Europe wants cheap oil so they didn't so Japan has been stuck with this chore and they are now forced to raise interest rates for their industrialists above zero! Imagine that.
Meanwhile, Russia and China turn the screws on our screwy traitors who imagine they will be spared in the future, the Russian and Chinese communists won't want to behead them or shoot them in the back. Like the Czar thought. Or Marie Antoinette.
The final triumph of communism. What an amazing story. Winning by giving capitalists loans.
Comments