Banking System In England Teeters On Brink Of Collapse

Elaine Meinel Supkis

The same lending/banking/debt crisis that is causing the mighty US empire to sink into bankruptcy is also sinking the remnants of the once-mighty United Kingdom. Both entities made the identical mistakes and both refused to see obvious signs of destruction due entirely to imperial hubris. 'Who would want to have us go bankrupt? We are the world's consumers!' they both yelled as the Chinese sharpened their knives and prepared the geese for the inevitable decapitation. The British refuse to remember what they did to China during the Opium War. I assure everyone, the Chinese have not forgotten that war. So today, we see the first English bank, Northern Rock, implode. A run on the bank, its stocks collapsing.

From the New York Times:

British financial authorities said today that they had extended an emergency loan to rescue a big mortgage bank, as the effects of a global credit crunch stemming from the crisis in the American subprime lending business spread to one of the world’s most buoyant housing markets.

The British government said it had authorized the Bank of England to provide a “liquidity support facility” of unspecified size to Northern Rock, a mortgage lender based in Newcastle, England, that has expanded aggressively in recent years.

The biggest mortgage consortiums in both the US and England are now cripples with begging bowls, crying for more money. As interest rates rose in both countries, these out of control mortgage entities lent increasingly dangerous loans to anyone and everyone. In both countries, the government encouraged this and allowed this and the need to grow faster and faster meant the banks and lending organizations doing this were more and more exposed and it also caused a real estate AND a take-over mania in both countries. In both lands, everyone hailed this obvious bubble, this obviously dangerous development as proof of great wealth and power. As proof that both economies, ravaged by the Japanese and Chinese who were destroying the entire industrial base, were actually growing and both could live off of being financial powerhouses. The banking and real estate industries became the chief wealth-making enterprises in both countries!

And both ran higher and higher trade deficits. Both told their people, trade deficits didn't matter because both nations were rich and powerful and besides, the Japanese who tried to utterly destroy both empires just 60 years ago, loved us and would never, ever let both nations go bankrupt. And even more so, the Chinese who have a very long memory and a very great desire to see both empires crushed, China needs to sell to both empires so the Chinese would forgive and forget and feed both empires...FOREVER.

This idiotic and childish idea is buried so deep within both systems, no one is capable of talking about the consequences of falling into the hands of two Asian nations who have a lot of reasons to destroy both empires. So long as China and Japan can profit from feeding both empires, they will. But there is a limit! Namely, if either empire tries to change direction by, say, putting up tariffs or barriers, both Asian giants will hammer them. Hard.

Time to go take a look at the foolish lenders who are now caught in history's cruel grip and who will probably bring down the entire banking system in the West.

Northern Rock's homepage:

From Wikipedia:

Northern Rock (LSE: NRK) is a British bank based at Regent Centre near Newcastle Upon Tyne in northern England.
Formerly the Northern Rock Building Society, the bank was formed in 1997 when the society floated on the London Stock Exchange, distributing shares to its members who held savings accounts and mortgages with them. Northern Rock joined the stock exchange as a minor bank and was expected to be taken over by one of its larger rivals, but it has remained independent. In 2000, Northern Rock gained promotion to the FTSE 100 Index.

Virtually all the biggest lenders in the West are new. Some small entity suddenly, coincidentally with the global drop in interest rates by panicked central bankers during the Dot Com implosion, these small creatures suddenly grew into huge monsters, based on the bounty of interest rates running well below the rate of real inflation. For coincidentally with all this, the world price of energy began to climb relentlessly and is 8X higher than back in 1998. The rise from $10 a barrel to $80 a barrel in oil is very significant. Unlike previous war-related fuel hikes, this one is very much part of the Hubbert Oil Peak.

England's North Sea holdings are falling off much faster than anyone expected. This is all very much part of the inflation problem in England just as our own refusal to deal with the peak here has been causing inflation for many years. Instead of dealing honestly with the Hubbert Oil Peak in England, they chose to imitate the US: denial of the facts and dropping interest rates to keep businesses going in the teeth of rising energy costs.

A sub division of this particular lending bank was set up in Guernsey was in 1996, as a tax haven with offshore savings and investment accounts. If any lawyers for this goofy bank are reading me, let me assure them, the Queen of England is a PIRATE. She is a danger to world banking! She has allowed pirateers and con artists to set up shop under her DAMN PROTECTION!

I no longer have family in Parliament. But indeed, the successors there should pay heed to this lesson: the royals will undermine the welfare of the kingdom unless they are curbed! This includes chopping off heads or raising arms! The English people fell asleep under Elizabeth's rule. She was turned into this stupid icon of peace and plenty even as the empire disintigrated under her rule. The last African colonies revolted and left. The revenue stream to the Crown was flagging. Along came some slimey advisors who whispered to her, they wished to evade the post-WWII taxes and needed her help in setting up havens for this purpose. She gets a cut and they can avoid taxes and the weight of paying for the dying empire would devolve onto the backs of the little people.

Margaret Thatcher then tried to start the old poll tax while all the happy corporations rushed to several small islands across the globe, setting up small store fronts while keeping and growing their towers at home. At first, many governments were outraged by all this. The US threatened to go after any entities evading taxes in these queenly pirate coves. But enough bribes were paid to shut up any objections. So today, nearly all if not all, banking and financial entities have stationed their ships in these pirate points run by the Crown and the Queen has gotten filthy rich in return even as the withered remains of the British empire can't support her and her gad about spawn, in the way they want to be accustomed.

This nifty system has a problem: NO ONE IS IN CONTROL OF THESE DAMN BANKS!!!! Everything is in the dark! There are no Eliott Spitzers poking their noses into the books of these banks and hedge funds or anything. Recently, in Parliament, some of the Labour Party members were seen screaming at the people being questioned about all this---screaming about how occult these pirates were thanks to the Queen.

All over Europe and America, the central bankers are piously saying, 'You know, maybe we should know what is going on, there should be more sunshine here.' But do they storm Buckingham Palace, demanding the Queen allow them to invade the Cayman Islands, Bermuda, Guernsey and Jersey? No? This is because they are faking their alarm. To this day, as one wretched mess after another heaves into view, the regulators and politicians run in tiny circles like Corgies around the Queen's ankles, yapping and wagging their tails.

Don't worry! The central banks can fix everything by maniuplating interest rates! Why, they will drop them! That will fix the bubble caused by them dropping the rates just 5 years ago!

From Wikipedia:

The bank also recently announced a move into sub-prime lending via a deal with Lehman Brothers. Although the mortgages will be sold under Northern Rock's brand through intermediaries, the risk will be underwritten by Lehman Brothers. This maintains the company's strategy of maintaining low-risk lending.

Northern Rock's stocks are dropping like a rock. And again, the geniuses in the US system, a dying system, are involved. Lehman Brothers like its ilk love the Queen's system for it allows them to create money out of thin air while at the same time, no one can stop them from doing this nonstop so there are no curbs on money creation. And money is created by lending and to make a loan, all one has to do is offer a loan and if no one can see inside the gears of the engine creating loans, this means they can run to infinity very fast and the resulting 'liquidity' situation doesn't dry up except if there are no more places to loan money and this is the wall the West is hitting: the deals have gotten goofier and stupider rapidly until the huge Boots deal whereby a massive amount of debt was to be piled upon this rather meaningless retail outlet organization!

Now, the loans can't be fobbed off on unwary investors and the game is up and no matter how much money the central banks create, this won't revive this system of piling up debts on properties and businesses in the two empires which are dying and whose deaths are being enabled by the Queen of England.

From Bloomberg:

Hundreds of Northern Rock Plc customers crowded into branches in London today to pull out their savings after the mortgage-loan provider sought emergency funding from the Bank of England,

``It's scary,'' said Peter Pye, 60, a retired university lecturer standing in a line of about 30 people outside the Moorgate branch in the financial district. ``I have my life's savings in Northern Rock.'' He said he would withdraw a ``six- figure'' sum and leave 5,000 pounds in the account.

What is scary is the thought, all one's life savings can vanish in a flash while the bank runs off to a pirate cove run by the Crown to hide from investigators and creditors. I strongly suggest the US and British govenments get together a flotilla and invade these places. Forget Cuba or Iraq. The real source of our financial problems are these tiny islands. And arrest the bankers who use them as a means of evading national laws.

From reader Arnold comes this AP story:

In an upcoming interview, Greenspan said he was aware of "subprime" lending practices where homebuyers got very low initial rates only to see them later jacked up, causing severe payment shock. But he said he didn't initially realize the harm they could do.

"While I was aware a lot of these practices were going on, I had no notion of how significant they had become until very late," he said in a CBS "60 Minutes" interview to be broadcast Sunday. "I really didn't get it until very late in 2005 and 2006," Greenspan said.

And we should arrest Greenspan for fraud. This idiot didn't know what he was making when he cooked up this mess. I knew. I and quite a few other outsiders were yelling about this from day one! And he is a liar. When he left office last year, he endorsed the goofy mortgage deals and suggested interest rates would, despite huge oil inflation, drop in the future. Of course, inflation would be double today's rate if Britian and the US didn't outsource all industrial work and allow China to be our inflation sink. Everyone got to go shopping for a few glorious years. Things that were once hard to buy became super-cheap and thus, despite energy and food shooting up, inflation was down.

Except for the poor. They don't buy things, they buy food and fuel. Their payments and wages have fallen this last 30 years, faster and faster. I am now stuck on a fixed income and if I didn't have my own firewood at hand, I would have had to sell my house because I can't heat it anymore except for free via firewood! How are others coping? God knows! Maybe I should conquer an island and turn it into a tax haven! How about that, hell hounds? Good puppies...good puppies.

From Bloomberg:

Merrill Lynch & Co., the biggest underwriter of collateralized debt obligations, said it made ``requisite fair value adjustments'' for the impact of rising defaults on subprime mortgages and they'll be reflected in the firm's third-quarter earnings.

The New York-based firm said in a regulatory filing today that credit-market conditions ``have continued to remain challenging in the third quarter.''

No huge bonuses for these geniuses. When money pours in, they all boast about how smart they are and how they deserve their rewards. When things sink or stink, suddenly this is all forces of nature out of their control. Of course, the value of their stocks will decline, they must decline. And the money flowing out of their offices will decline and so on. In other words, forget all the brave talk about no recession, soft landings, etc. Life will be hell for them and everyone while this storm rages. And they created this storm themselves. And have no solution to the problems they created when they launched their thousands of hedge fund ships from many Royal harbors.

The destruction of this economic Armada will be historic. Pretending this is a small bump in the road is plain silly. There is no way this huge experiment in total debt, total red ink wealth can end except with bankrutpcy of the entire system. One can evade the worst by severe measures starting with invading the Queen's pirate coves and arresting everyone running tax haven banking schemes but I don't see that happening. Instead, the whole banking system of the West will be misspent, trying to save these lousy sailors who can't tack with the winds, they are all too inept and too greedy.

From Bloomberg:

HSBC Holdings Plc, Europe's biggest bank, is relying on insurance units in Asia to help restore profit growth after a $15.5 billion expansion into U.S. subprime lending went awry.

HSBC earned $1.6 billion from insurance in the first half of 2007 and plans to double the division's profit in five years. The London-based bank agreed this week to buy stakes in insurers in India and Vietnam. Earnings from the U.S., where HSBC acquired Household International Inc. in 2002 in its biggest takeover, fell 43 percent in the first six months of this year.

So the pirates all sail off to Cathay, the Chinese empire, to Japan, the samurai fortress, to gain gold. As earnings collapse in the US, these people hope to recoup by sucking up money from the tightfisted Asians who of course, have no desire to let the US or UK exploit them or control them. And Asia is playing a totally different game here: are there Japanese corporations on all the Queen's little islands? No?

Hell, they have the much bigger islands of Japan itself! Fortress Japan is their happy headquarters only there is a revolt brewing in the lower decks, in the hold. Indeed, this particular island may be taken over by outsiders. Ozawa is intent on forcing an election now that the LPD is collapsing. There is effectively no government now. Abe is in the hospital trying to evade questioning by Ozawa in their Parliament. In England, the Prime Minister fled his job and handed it to a flunky who isn't calling an election. In Russia, Putin is cementing his power as he takes over that empire. All over, the biggest governments are falling or faltering.

And the economic storm has barely hit our shores!

From Bloomberg:

It isn't the 33 percent jump in the August trade surplus in Europe that leads one to that conclusion. That was hardly a surprise; analysts had expected a wider gap.

What was more interesting about the statistics this week was that they confirmed a geographical reshuffle in China's exports, away from the U.S. and toward the euro area.

China said quite loudly, they are diversifying. I tracked this for the last 2 years. Hu and Wen have been on a historic number of trips abroad just for this purpose. They are at home now, consolidating power. The anti-corruption campaign at home is now underway in the usual brutal fashion of Chinese reformers.

From the BBC:

Economic growth in the UK may be as much as 1% lower in 2008 and 2009 as a direct result of the credit crunch, the Ernst & Young Item Club has said.

Its forecast, based on a "worst case scenario", said there was a chance that the turmoil would be contained within the financial services community.

But it added here were "worrying signs" that it could spill over into the High Street and housing market.

"Nursemaiding" by central banks may help minimise damage, the report said.

Nursemaiding, indeed. Snort. There is a nanny state, dear readers. And this nanny doesn't give a fig for anyone except the upper classes who she nurses with greatest care. Unfortunately, when the wheels of Fortune's baby carriage fall off, the rich are dumped out onto the pavement. Indeed, the more the Nanny State nurses these wailing babies, the more the wheels fall off. The Nanny will talk piously about 'moral hazards' while popping a bottle into these baby's greedy mouths but there are no morals and only hazards. Ignored hazards. Why on earth should these babies pay attention to dangers when Nanny State ALWAYS rescues them?

But if Nanny is dying, they are in danger of dying, too. Recognizing the health of this Nanny State is life and death so of course, these babies STARVE HER by running away with Queenie and her corgies to pirate coves to yo-ho-ho and now, they must be saved. And Nanny, dying, can't save them. Even the Japanese samurai can't stop things in Japan as irritated subjects of the Emperor there rise up. Something will change! It must change.

A history lesson from 1848, the great global financial collapse:

When the revolution of 1848 broke out, the economy was affected by a deep financial crisis, which reduced the initiative of the republic's decision makers. But the republic's launching deepened this crisis which undermined the country's money market. Thus authorities tried to relax these tensions at the risk of neglecting growth.

The results of the agricultural and cyclical crisis between 1845 and 1848 were immediate on the Parisian and provincial markets. During the boom of the 1840s, industries had increased debt and their working capital. With the recession, these firms, which were over stocked and greedy for liquid assets, increased the demands for credit, especially as their customers delayed payments while dictating terms to their suppliers. The classical crisis in credit meant a decline in payments on the debt to the banks, then, up the line, to the regional issuing banks to the Bank of France.

The Bank of France's regents supervised the deterioration of its bullion reserves. The gold stockpile was reduced by outflow to Switzerland and Germany due to the trading in the big fairs and to Russia and Spain to purchase grain to off set famine brought on by the agricultural crisis. The Bank of France was supported by a loan from the English bank firm of Baring, but, as its commitments mounted, it preferred to restrain the rediscount and to move the bank rate from 4 to 5 percent in January 1847.

Banks were collapsing, torn between the burden of debt and the rise in price of cr edit: some bankers from Lyon, such as Bontoux and Delhante, suspended payments in 1847-1848, especially as anxious depositors rushed to withdraw their funds. A crisis of confidence spread among banks and the stock exchange, where share prices slumped, particularly for railway companies hit hard by deflation of the "railway mania". The state itself was paralysed by the shrinkage of its margin of budgetary maneuver. Immediately it had to finance the purchase of grain; then in the medium range, the l arge pub lic projects increased the budget deficit in the 1840s, as Thiers referred to them, the "follies of peace". Its floating debt grew, which reduced elasticity in expenditures, particularly with mistrust seized the money market.

And grain prices are shooting up! Ditto, fuel! The peasants are restless. The cities are nervous. The price of gold is rising despite the central banks selling off tons of gold to drive prices down! The fiat currencies are in trouble everywhere. The solution: Drop interest rates! But that doesn't stop the banking collapse! Gads, doesn't ANYONE read history? I have noticed the similarities of this fix we are in mirrored in the Great Depression and the 1848 mess. How can this not be seen? The banking system in America collapsed in 1848 and this caused the US to rush to war with Mexico and it also produced the Gold Rush. The US was a strong nation back then and was able to cope by looting the neighbors.

And Britain did the same: it looted the planet because this is how you make money when money becomes a problem at home which is why I talk about wars. The US and British attempt at looting Iraq has turned into a debacle that has increased debts, increased the price of oil, increased our woes tenfold.

Some Chinese history from the 1840's:

The key player in the prelude to war was a brilliant and highly moral official named Lin Tse-hsü. Deeply concerned about the opium menace, he maneuverd himself into being appointed Imperial Commissioner at Canton. His express purpose was to cut off the opium trade at its source by rooting out corrupt officials and cracking down on British trade in the drug.

He took over in March of 1839 and within two months, absolutely invulnerable to bribery and corruption, he had taken action against Chinese merchants and Western traders and shut down all the traffic in opium. He destroyed all the existing stores of opium and, victorious in his war against opium, he composed a letter to Queen Victoria of England requesting that the British cease all opium trade. His letter included the argument that, since Britain had made opium trade and consumption illegal in England because of its harmful effects, it should not export that harm to other countries. Trade, according to Lin, should only be in beneficial objects.

To be fair to England, if the only issue on the table were opium, the English probably (just probably) would have acceded to Lin's request. The British, however, had been nursing several grievances against China, and Lin's take-no-prisoners enforcement of Chinese laws combined to outrage the British against his decapitation of the opium trade. The most serious bone of contention involved treaty relations; because the British refused to submit to the emperor, there were no formal treaty relations between the two countries. The most serious problem precipitated by this lack of treaty relations involved the relationship between foreigners and Chinese law. The British, on principle, refused to hand over British citizens to a Chinese legal system that they felt was vicious and barbaric. The Chinese, equally principled, demanded that all foreigners who were accused of committing crimes on Chinese soil were to be dealt with solely by Chinese officials. In many ways, this was the real issue of the Opium War. In addition to enforcing the opium laws, Lin aggressively pursued foreign nationals accused of crimes.

The writer had to excuse England's invasion of China, of course. How dare the Chinese impose their laws on foreigners! Hahaha. And England didn't have beastly laws! They stopped executing children for stealing crusts of bread a whole dozen years earlier! Instead, it sent them to the colonies as slaves. How kindly is that? Blindness to one's own stupidities is typical. And the real issue of the Opium wars was, England had nothing much to sell China, a powerful industrial based empire. And England wanted Chinese manufactured goods but didn't want to pay gold for them. And the banking crisis made the gold situation dire so they had to balance the books somehow so they decided to lunge for China's throat and steal as much as possible. This naked aggression is continuing. The US and Britain have military forces that grossly outweigh their need for protection. The bases they have across the planet are there so they can lunge out whenever they must balance their books somehow.

Despite our excuses and amnesia, Asia has a good memory of all this. China's military buildup irritates the two older empires and they want the Chinese to show them both, China's financial books which are, I might add, in fine condition compared to the red ink messes in the UK/US empire. The Chinese just raised interest rates today, by the way. While Japan keeps theirs in the basement. And the dynamics of the destruction of the world banking system continues as Chinese and Japanese trade with one having rising rates and rising income runs alongside the other with insanely low rates and virtually no domestic consumption relative to rising trade, both of these Godzillian powers are rampaging across the world's trade and banking systems set up by a bunch of stupid pirates hoping to get rich off of the flow of money to Asia!

This is actually rather funny. History is a strumpet who loves to toy with our fates.

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Comments

[DeVaul]

Great cartoon, Elaine! Hilarious!

[ArthurCorgi]

"...Corgies around the Queen's ankles, yapping and wagging their tails."

Hello, Elaine,

I think you could spell it 'Corgiz'. It is like 'gangsta.' It is a colloquial spelling.

We Pembrokes do not have a tail any more. The Queen has Pembrokes. Also she has a sister, Margaret. We saw the movie "The Queen."

[John]

Always insightful, even if I disagree with your championing of socialism. Your grasp of history is extremely impressive, as is your ability to apply that perspective to modern times.

And yes, little is said of the long history of abuses and deceits by the British Empire. I have no problem believing that China, who has a perspective that is based upon CENTURIES, not "fiscal quarters" like the disingenuous West, cares little for the paper losses they will incur as they crash the American and European economies. Revenge will indeed be served cold, it seems, and by a very cool customer, at that.

[Elaine Meinel Supkis]

I forgot corgis have no tails. I should have said, 'Wiggling their furry little cute rumps'.

Frankly, I think Corgis are awfully cute dogs. So my apologies to Arthur. But my cat, Fluff, still thinks queens should stick to cats.

By the way, John, I am not a 'socialist' but I recognize the need for socialist actions because this keeps the people happy and happy people means no one is going to burn my home or steal my crops, etc. Peace matters a lot to me. Also, you never know when you need socialism. Bismark, a notorious conservative, is the father of Social Security, just for example.

[John]

I know you're not "a socialist," Elaine. And I agree with you on the need, not only for peace, but also for a "safety net."

However, America is nowhere near small or homogenous enough to be able to implement much socialism without it being abused, and badly. In fact, this abuse has spawned a new term in the popular lexicon: babymomma/babydaddy.

And the unions are broken without complaint from the populace because the unions got totally out of hand, not to mention overun with scumbag gangsters. The late Frank Zappa said, "a union mentality is where too many people do too little work for too much money, and then go on strike in order to get more days off." (Zappa hated Republicans--especially Reagan--with a passion, BTW.) General Motors has had to pay thousands of people their full wage to sit home, as union rules mandate that nobody can get fired. So GM has to put them into a reserve pool, and pay them (about $40 - 50K/year!) until it has a job for them to do. The public knows this, they resent it, and so when the unions get busted, the public doesn't associate this with the monitary elites screwing the worker, they associate it with freeloading bums being removed from the cost of our new cars.

I don't really think we need all that much socialism to protect the masses. I think we need a minimal safety net, and the Chinese philosophy of executing corrupt leaders and crooked businesspeople.

[Neuro Artist]

[i]"However, America is nowhere near small or homogenous enough to be able to implement much socialism without it being abused, and badly." [/i]

John, I totally agree with this statement. In Sweden socialism worked quite OK as long as it was a homogenous society (of course it never worked perfectly since in the name of homogenity, small businesses and entrepreneurs were crushed with regulations and taxes). In the last decades the ethnic homogenity of sweden is gone through emigration. The idea have been that these emigrants and refugees should be homogenized, by learning swedish, the swedish society, and its culture of equality, meanwhile the state provides for them, housing (allmost universally in a ghetto together with other immigrants), and money. Meanwhile the rules of the Swedish work arena prevents them from getting a real job, as long as they are in this process. Of course the results have been disastrous, where these people have been marginalized even more when they first came, and of course they continue living on the state handouts.

At the same time there has been a growth in a financial and political elite who disregard the rules for their own benefit, and when the masses sees this they do this themselves, by abusing the systems created for their safety. For instance more than 20% of the population is on sickleave at any given time. Noone can believe that the Swedish people should be among the sickest in the world.

It seems like inherent in socialism and versions thereof is the mechanisms that will destroy and corrupt it eventually. Probably because we are not created equal. And any system attempting to make us equal is bound to fail.

[Elaine Meinel Supkis]

My husband belonged to a union and it saved our lives after he was injured at work, we had no social services at all, NONE. Why?

Because of ME! I am the family capitalist, through and through and I built up savings and have property! You have to lose your savings and property first! Being a capitalist, I grimly held on not for weeks or months but YEARS. I went to tremendous lengths to NOT get any social services!

I did chores for soup kitchens. I took the guns and went out stalking small as well as large game...want to know how to cook small rodents like squirrels and ground hogs? I made everything from scratch in summer with my garden. I took my young son and the sled dog and the horse into the deep woods in winter to fell trees and chop them up.

I outlasted the court system and the state...barely. I couldn't do it today. Age is causing my joints to go, lived a hard life. But I am again, free and clear and back on my life-track.

Most people give up under these circumstances. This is why having a good dose of real capitalism is great. I don't want to be smothered but while my husband was ill, we ended up taking people into our TENT complex to save them when they were homeless! People in the hospital!

These people were utterly unable to cope with things on any level, being insane.

[Elaine Meinel Supkis]

Back to my husband's union: they got us our pension early, my husband was only 38 years old when he got injured at work. We could have sued for great damages in court but for two things: the Supreme Court ruled against our sort of case so our lawyers dropped out due to greater uncertainty of winning. Then they decided a new tactic because frankly, workmen's comp isn' enough, not at all...no increase due to inflation! Guess why I harp about inflation, heh.

We were setting up the new case when my husband went completely crazy and tried to kill himself. So I made a choice: not to sue. It was killing him so what was the point? When right wingers make fun of our courts, I get very mad. Suing is very hard work, we had 4 suits going at once at one point. Won the first three.

But it was hellishly hard, even with me, the level-headed one. The emotional toll was great on both of us. I figured, life dealt me these cards and I had to be creative. So I coped with my life and thanks to being a big time scrounger who also plans ahead, I could do things right nice. And since I can't work or my husband will be destroyed, I work out of my home, running this place. And note how I harp on inflation. Heh.

The one weapon the state can use to kill me.

[home security systems]

She looks good on it.

[muska supra]

I like the writing structure of your blog and it does a pretty decent job of presenting the material.