Daily Readings 02-07-2012

By: admin
Published: February 7th, 2012

Still Club Fed –

A CBO report says that on average the compensation paid to federal workers is nearly 50% higher than in the private sector.

FBI warns of threat from anti-government extremists – 

Anti-government extremists opposed to taxes and regulations pose a growing threat to local law enforcement officers in the United States, the FBI warned on Monday.

Obama to Return Major Donations Tied to Fugitive –

 Two American brothers of a Mexican casino magnate who fled drug and fraud charges in the United States and has been seeking a pardon enabling him to return have emerged as major fund-raisers and donors for President Obama’s re-election campaign.

WH: People leaving workforce ‘economic positive’ – 

“I think some of those who, I suppose, don’t wish us well politically have tried to make a point about this,” he also said. “The facts are that in these most recent numbers, this is not an issue of people leaving the work force; the numbers are positive across the board.” HA HA HA!!!

John Williams – Unemployment Rate at a Staggering 22.5% – 

John Williams, of Shadowstats, notes that manipulated government statistics are not changing the fact that the true SGS Unemployment Measure now sits at a staggering 22.5%. Williams can only use comparisons from the Great Depression to put things into proper perspective.

“Hidden” mortgage fee paying for payroll tax cut – 

The new fee is a minimum of one-tenth of 1 percent on Fannie Mae- and Freddie Mac-backed loans, and is likely to go much higher.

It will be imposed for the next 10 years on most mortgages and refinancings and it lasts for the life of the loan.

For every $200,000, it amounts to an extra $15 dollars a month.

All roads lead to inflation – 

Irrational fears of deflation have wrought irrational monetary and economic policies. And that has us headed toward something truly scary.

A Short History of American Money, From Fur to Fiat – 

What do animal pelts, tobacco, fake wampum, gold, and cotton-paper bank notes have in common? At one point or another, they’ve all stood for the same thing: U.S. currency.

Man Who Couldn’t Afford Rent Steals College Student’s $400K Bentley – 

“I just go to car park and they told me that the car disappeared,” Bo Li, a college student from China and owner of the cartold the Post. “I felt very upset.”

 MF Global Trustee Sheds New Light on Chaos at Firm – 

MF Global first misused customer money on Oct. 26, five days before filing for bankruptcy, investigators said on Monday, shedding new light on the extent of potential wrongdoing at the brokerage firm and the chaos that prompted the breach.

IMF Urges Beijing to Prepare Stimulus – 

China should be prepared to sharply stimulate its economy if Europe’s growth falls more than anticipated, the International Monetary Fund said, adding to expectations that Beijing could turn to spending if conditions significantly worsen.

The Federal Reserve’s Explicit Goal: Devalue The Dollar 33% – 

The Federal Reserve Open Market Committee (FOMC) has made it official:  After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years.  The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.

Ridiculous Gov’t. Spending List Grows Longer – 

  • More federal funding in the amount of $593,000 went to a primate research center to study where in chimpanzees’ brains they get the idea to throw their feces.
  • A Virginia university received $55,000 to study Jordanian students’ water pipe smoking habits.
  • A new grant of $176,000 joined $350,000 already spent to study how cocaine hurts or helps the sex drive of Japanese quail.
  • A museum of magic received $147,000 to study the audiences of magic shows.
  • More than $550,000 of U.S. taxes went to the production of a documentary on how rock bands contributed to the fall of the Soviet empire.

OSHA spends taxpayer money to develop app that tells workers it’s hot outside –

According to OSHA’s website, the “Heat Safety Tool” — available for AndroidBlackberry and iPhone – “allows workers and supervisors to calculate the heat index for their work site and, based on the heat index, displays a risk level to outdoor workers.” The app also outlines protective measures that workers can take to mitigate the risks of overexposure to heat.

Obama: I’m getting ‘better as time goes on’ – 

“What’s frustrated people is that I’ve not been able to implement every aspect of what I said in 2008. Well, it turns out our Founders designed a system that makes it more difficult to bring about change than I would like sometimes. But what we have been able to do is move in the right direction,” Obama said.

They designed it exactly to protect us from rulers like you, Mr Obama 

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This entry was posted on Tuesday, February 7th, 2012 at 9:29 am and is filed under Asinine Government, Corruption, Economy, Links. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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