"No matter what Washington does at the 11th hour tonight, we end the year with one, absolutely indisputable, conclusion: The mammoth U.S. debt monster is not going away. It’s continuing to grow. And in early 2013, it will return to haunt the White House, Congress and the Fed in a great, new debt ceiling debate! Here are the hard facts." Continue reading →
"The American home mortgage market has, for all practical purposes, become nationalized since the 2008 financial meltdown, according to an analysis by ProPublica, the non-profit investigative journalism project. The takeover, without which the housing market could barely function, has occurred against a backdrop of little planning or public discussion. In fact, nine out of every 10 new mortgages are now backed by the U.S. taxpayer, up from three in 10 in 2006. Fannie Mae and Freddie Mac, the taxpayer-supported housing giants, alone guaranteed 69 percent of new mortgages in the first nine months of 2012." Continue reading →
"Our economy is under the control of a drunk driver, who is now making decisions based on broken metrics. I’m talking about the Fed. It has announced its newest plan to boost the economy. And the plan is based on two key, terribly flawed numbers. This is likely to end in disaster. The Fed has recently announced it will print $85 billion every single month until inflation rises above 2.5% or unemployment drops to 6.5%. Printing money in itself is a dangerous activity. When you decide how much you print based on two flawed metrics, then it almost ensures disaster. The numbers the Fed uses to measure inflation and unemployment are useless." Continue reading →
"Beef was already in short supply — a victim of earlier droughts and rises in the costs of fuel and feed. During this year’s drought, ranchers reluctant to buy expensive grain feed brought young — and thin — cattle to market early, which will spur another shortage and could threaten fatter cuts of beef. At the famed Peter Luger Steakhouse in Brooklyn, the New York strip is already up 11 percent, to $46.95, said owner Amy Rubenstein. But nearly all restaurants are bracing for the worst. Peter Glazier, owner of Michael Jordan’s Steak House, said meat purveyors are warning of increases of up to 20 percent in the coming year." Continue reading →
"The Buffalo wing isn’t the only food item projected to jump in price next year, though it is one of the more dramatic upward shifts. Because of a drought that parched the Midwestern part of the country this past summer, nearly every food product tied to corn will see price increases in 2013. And overall, household food prices are expected to rise between 3 and 4 percent, according to projections from the 2012-2013 Food Price Outlook from the US Department of Agriculture. In addition to the corn itself, which had a weak crop as a result of the drought, prices will go up on proteins like beef and chicken, because livestock feed is primarily made of corn." Continue reading →
"They will only go higher in 2013, thanks to Bernanke money printing. Below 2012 lumber performance." Continue reading →
As a tool for surveillance and control, your faceprint is invaluable. Continue reading →
"Andrei Arbashe, a young Syrian Christian, had just gotten married and his wife was about to give birth. He had his life ahead of him. But thanks to the US/Saudi/Qatari/Israeli-supported rebels that was not to be. Instead, as the Australian reports today, he was beheaded by Obama and Hillary's rebels, cut into pieces, and fed to the dogs. His 'crime' was nothing more than his being a Christian whose brother was overheard complaining of the brutality of the rebels. The rebels are also schooling the children in the arts of beheading bound prisoners whose crime is loyalty to the Syrian government." Continue reading →
"Referring to what he called the 'real reason' why he wanted a second term in office, Obama declared: 'One of the main incentives of running was continued Secret Service protection so we can have men with guns around at all times' when his teenage daughters begin dating. That line was a sample of the same tone-deaf sense of humor that inspired his speech-writers to load a supposed thigh-slapper about drone attacks into Obama’s teleprompter for the May 1, 2010 White House Correspondents Dinner." Continue reading →
"The home invaders that traumatized Hill’s children were from the Ogden Police Department. Yet Hill was not wanted for any crime. He had been mistaken for a different man, charged with 'desertion' from the military. In pursuit of a suspect accused of a non-violent offense, police armed themselves with multiple assault rifles and tactical weapons and chose to invade a home in the middle of the night. They stated their willingness to kill anyone who held a gun to defend their home from such a raid. And these were police in Utah, where gun ownership is common." Continue reading →