PIIGS Debt Coming Due

Euro --> 1.20, 1.00, .80?? How does one discount the disintegration of a "common currency?"

Nervous theater patrons eye the exit large enough to only let a few out before the FIRE engulfs the rest.

Rollin' rollin' rollin'.

Keep those black balls rolling
Keep them doggies movin'

Rawhide.

4shzl wrote:

Euro --> 1.20, 1.00, .80?? How does one discount the disintegration of a "common currency?"

Ans: Dollar pegs. [ducks]

Good thing the US only needs to roll over and borrow a few trillion, otherwise there might not be room for these pigs.

There is no fallback position behind euro. Euro will stay because it would take years to actually issue old currencies, even if eurozone burns in hellfire. Try updating about a thousand different money transaction systems and you'll get the idea.

Juvenal Delinquent wrote:

Gulp PIIGS-shun

Papandreou, this is the gimp...

With respect to car ownership for food stamps it looks like they have changed the rules--they used to have a rule that a car could not be worth more than a limited amount.

Juvenal Delinquent wrote:
Gulp PIIGS-shun
It is the March of the PIIGS...

They'll drag this out as long as possible. Every rumored bailout spikes the market and when the claim is inevitably proven false the markets ... don't go down.

too nice of day to stay inside, mom says I have to go out and play...

AMF

Juvenal Delinquent wrote:

too nice of day to stay inside, mom says I have to go out and play...

Don't forget to close the gate or else the piigs will get out and eat all US municipal greens.

Where"s broward? And biz runs?

Rob Dawg wrote:
Don't forget to close the gate or else the piigs will get out and eat all US municipal greens.
Piigs will eat almost anything... including elected officials.

OT: Suburban dystopia on the River Jordan – sounds positively biblical doesn’t it? And, in fact, it’s exactly the kind of deterministically tragic tale that I associate with the Old Testament, except now it’s being played out in New Zion: Utah.

Buffered by scrubland and reached via narrow onetime country lanes, Parry Farms consists of large split-level homes on curlicued streets carved out of the bluffs above the Jordan River. Many houses were never occupied or fell into foreclosure, and the area is dotted with vacant lots. (No doubt a few of them financed by yesterday’s star performer in the FDIC’s sink-the-DIF contest.)

Bandos everywhere – real and imagined. Shadowy figures lurk in darkened doorways; SUVs with tinted windows cruise ominously through empty streets. “Daddy, Daddy, a bad man was following me home tonight! Daddy, I’m so scared!”

Not what Daddy thought he was signing up for when he plunked zero down on that 3,600sf dream castle a few years back. Local law enforcement doesn’t have the manpower to hold the hand of every anxious 16-year-old who imagines she’s being stalked, so it’s up Daddy to holster up and deal with the bad guys himself. It was dark, the other guy’s car “looked suspicious,” there was a confrontation – and now, one ho’moaner is in a wheelchair and the other is in the dock for attempted murder.

Shooting Unsettles Utah Neighborhood

the worst of the IMF

John Perkins 'Confessions of an Economic Hitman' was a good read. I can only imagine the shenanigans going on now compared to what they were doing in the 70's and 80's.

ResistanceIsFeudal wrote:

Piigs will eat almost anything... including elected officials.

Mmmmm. Austrian sausagemen prepared by the School of Chicago and served on a bed of Keynsian rice in Yuan sauce.

Rob Dawg wrote:
Mmmmm. Austrian sausagemen prepared by the School of Chicago and served on a bed of Keynsian rice in Yuan sauce.
Served to order. It's tough to envision a better setup...

Mission Impossible, Season 4:

"Fool's Gold" October 26, 1969 Paris poses as a counterfeiter in order to get access to and destroy a safe containing millions worth of phony money as well as the plates used to make it.

Aren't the PIIGS the "wide card" the ECB has been looking for to moderate the explosive strength of the Euro?

Doesn't "$1 = 1 euro" make Germany's and France's product more competitive with the US and elsewhere?

Since Germany and France has plenty of cash, can't they use this manufactured crisis to peg the Euro where ever they want it?

Of course it's no help to Greece, but we won't tell the Greeks that. And why should Greeks retire earlier than Germans?

4shzl wrote:

and now, one ho’moaner is in a wheelchair

Not familiar with that term; what are you stating/implying please?

just checked on Jackson hospital in Miami; they managed some cuts, some layoffs, some debt not- paying, managed to keep things going til next September.

One voice criticising people who earn 50-60 k and walkaway from bills, Hmmm they think that these people can afford an impossible bill? Present a bill big enough, and evensomebody making 80-90k with no insurance willshrug and thumb their nose.

there was some conversation about aid to families with dependent childred, (welfare)now called TANF

i did some research into how its done here in my home state of WA

after previously tellin about the horrors of wisconsin and texas

unlike some states the money in WA is not all soaked up by the bureaucracy nor private contractors or is the money "diverted"

here are the broad numbers and a link so you can dig deeper

the state of wa employs about 4k workers to disburse about 1 billion dollars

the operating budget is 160 million for the agency

which is called "work first" a part of the economic services department

which funds a number of other programs including

job placement

child care for single working parents below poverty line

support enforcement to make sure dads who have left the home (devorce, or dessertion or etc) dont leave their kids without support

58k families get direct financial aid,

and about an equal number got removed from tanf rolls during the previous biennium as the agency helped find jobs for one or more parents

amount depends on family size and other benefits available

average amount ranges around 400 dollars per week

for those who want more info here are some ljnks

OFM | 2009-11 Agency Detail Budgets

(scowl down to economic services agency and click)

http://www.google.com/url?sa=t&source=web&ct=res&cd=7&ved=0CB8QFjAG&url=http%3A%2F%2Fwww.nga.org%2Fcda%2Ffiles%2FFORUM_LIDMAN.PDF&rct=j&q=average+tanf+benefit+in+washington+state&ei=kg2lS6bjGYzuswOigvnkAw&usg=AFQjCNF8EUmsWTlX2irxELuY2LRtbgtsig

this doc is from 05 so extrapolate up

Maudlin smacks Krugman around.

"I probably shouldn't take on a Nobel Laureate who got his prize for his work on trade, but this truly scares me. People pay attention to this nonsense, including the five Senators, led by Schumer of New York, who want to start the process of targeting China."

...

"When we look into our economic mirror, we must confess, "We have met the enemy, and he is us." We can't borrow our way out of a debt crisis, Paul. At some point, we just have to get on with it."

The Accredited Investor Newsletter

This is the biggest threat to the EU (translated):

http://www.spiegel.de/wirtschaft/unternehmen/0,1518,684418,00.html

... This means that production in Germany, in relative terms, is continually becoming cheaper vs its European neighbors. This is good for the German economy though annoying for its EU-Partners: In their view, German companies flood markets with their products that are becoming ever more competitive. ...

SNAFU wrote:

Not familiar with that term; what are you stating/implying please?

That the "ownership society" myth is actually a fraudulent promise that has left millions of whining, complaining "victims" in its wake.

liz why

a bad link?

the link hooks you up to the entire state budget

scroll down to economic services

and that gives ya the pdf for the entire agency

oh shgit i get it

im dislexick....scowl down...hahahahah

I finally got around to doing another Strategy report, those on the list already should have it in your in boxes. If you are not on my list and would like to be, send me an e-mail at dhvd_2004@yahoo.com and I will send you a copy and put you on my list

mock turtle wrote:

me stupid

Don't worry, mock. It is your unique style. Good research as usual.

4shzl wrote:

That the "ownership society" myth is actually a fraudulent promise that has left millions of whining, complaining "victims" in its wake.

One reason put forth in favor of home ownership is that it encourages home owners to protect a neighborhood against decay and crime. In this case it seems that abandoned homes, ownership society and guns are a combustible combination, IMHO.

Screams of 'Daddy he is lying!' is known to appeal to man's primal instincts of 'kill'; I remember a similar incident in Memphis, where 'Daddy' and a group of his friends went to the accused man's home in broad daylight and castrated him. The accusation was later found to be false.

thanx RE

its fun ...i cant spell worth shet

im borderline dis whatever

i can actually look at two words side by side...the same word

one spelled right and one wrong...and not see the difference

double letters side by side really messed up ...oh well

my spell check doest work until after i hit save and the re-load, on this and some other sites...dont know why

need to upgrade but im cheap

Lower EU... good for Germany. Good for China.
Higher USD: good for US. Bad for China.

The US can shake China from its economic teat by supporting a very strong USD. China's export industry based on thin margins, gets slammed when the USD rises, as they lose their US export market for some portion of their goods. China can stumble very badly here.

I import from China, and for all items in which labor contribution in the final goods is smaller , they're now price competitive to the USD. That means, China loses. "Time to market" is their handicap.

Hence, China's interest in a higher educated labor force, to still take advantage of its low per hour labor price.

My hope? Much high commodity prices so the value of labor in the finished goods loses its "value" edge. China loses big time.

gotta go rotto tiller just crapped out and wife is giving me a direct order to fix it now

mock turtle wrote:

need to upgrade but im cheap

Don't upgrade. There are many free spell check applications available for Firefox and IE, etc. If you want a capable word processor then download Open Office .

Even the Administration’s Chief Actuary at HHS cannot provide cost analysis of latest Democrat health spending bill before the vote

Chief Actuary: ‘I regret that my staff and I will not be able to prepare our analysis within this very tight time frame, due to the complexity of the legislation.’

Well at least the vote will be simple....

One more on the European competitiveness issue:

Frankreich in der Krise: Die gallische Krankheit - manager-magazin.de

... One result is: Compared to other member States France is not positioned very well. Over the longer term it is in possibly worse shape than Italy. Severe structural deficits raise doubts about its future viability.

This is surprising, since France is regarded as a financially strong country. No credit rating agency doubts France's creditworthiness. And yet, the problems are obvious. ...

SNAFU wrote:

In this case it seems that abandoned homes, ownership society and guns are a combustible combination,

I certainly agree, but more broadly, remote tracts of McMansions premised on cheap energy were always destined to fail, both economically and socially. The tax base needed to service these communities was never there. So inevitably, the time comes when "self-service" policing (aka vigilantism) takes the place of professional law enforcement. Sad, but entirely predictable.

4shzl wrote:

The tax base needed to service these communities was never there.

I have often wondered about how townships of 50,000 people afford their own fire and police; consolidations of such services amongst small townships been in the local news lately, again as you say, predictably.

SNAFU wrote:

I have often wondered about how townships of 50,000 people afford their own fire and police...

Two words: development fees.

I have often wondered about how townships of 50,000 people afford their own fire and police

They pay taxes and don't live beyond their means. I know that's old fashioned, but it seems to work. FWIW, the largest community in the entire state of Vermont is Burlington with a population of around 40,000. There are quite a few police departments in the state. I think Burlington's the only professional fire department. The rest are volunteer with the town owning the hardware.

This week-end is a pivot point for the US domestically.

pavel.chichikov wrote:

This week-end is a pivot point for the US domestically.

How so? Health care "reform?" Pfffft. Insurance industry bailout under a different name. Still a continuation of the same policies of the last 2 plus years; Save the FIRE pigmen even if it means ruining the economy. The health care sector for all its faults was a juicy next target for the blood funnel is all.

Insurance industry bailout under a different name.

The Republicans oppose a bailout of the Insurance industry. That is counter-intuitive.

pavel.chichikov wrote:

Insurance industry bailout under a different name. - RD
The Republicans oppose a bailout of the Insurance industry. That is counter-intuitive.

The Republicans oppose a Democrat bailout of the Insurance industry. That is politics.

Edit: and it seems to be working: Democrats ditch plan to avoid direct vote on health care - CNN.com

I just dont see how the Dems can win on this no matter what - not only is it the wrong issue, the process is so botched that no matter what it's going to damage their re-election chances.... Personally I think that's a good thing, and it just demonstrates the ignorance of the party members.

4shzl wrote:

Shooting Unsettles Utah Neighborhood

Paranoid vigilantes tilting at each other's windmills?

ShadowInventory wrote:

I just dont see how the Dems can win on this no matter what - not only is it the wrong issue, the process is so botched that no matter what it's going to damage their re-election chances..

Well, IMO it is the right issue and about time for it to happen. I also don't think this bill will be the reason why the Democrats will lose in November. Very few, if any incumbent party in the Western world is doing well at the polls. In a severe economic downturn it isn't fun and definitely not easy to have a satisfied electorate.

And as I mentioned yesterday, I believe that the Dems need to lose in November if Obama wants to have a creditable chance of winning in 2012. I believe he will have that chance.

“We think the IMF is the ideal solution anyway, and would actually be good for the euro. It would establish discipline and avoid moral hazard. It is much easier for the IMF to enforce austerity conditions,” he said.

Just wait. IMF in CA. 2011.

Process is certainly botched, in parliamentary terms, and in domestic/foreign balance of effort. Here's the matchless WSJ on Obama offending allies by staying home to get the bill through.

Peggy Noonan: Now for the Slaughter - WSJ.com

Australia will get over it. Indonesia will be a tougher sell on the second try.

C

Just wait. IMF in CA. 2011.

With black helos?

JP wrote:

Just wait. IMF in CA. 2011.

And just how would devaluation of the currency work in that case? Raising taxes? Undoing business unfriendly policies? Can California deport illegal aliens to the other 49 for Federal disposition? How does one prevent capital flight?

Nope, California is the sole responsibility FedGov.

Rob Dawg wrote:

Undoing business unfriendly policies?

I believe the IMF record is to recommend making policies more business unfriendly, being based in Washington. California represents a challenge in this regard but they have some very bright people at the IMF. I'm sure they will come up with something.

If I thought mock was stupid, I would never have made the joke. It's actually a compliment, mock.

Given thr business I've been given. . .

How does one prevent capital flight?

Seal the border.

Every person in America, with the exception of perhaps Bill Gates and the other rich on the Forbes 400 or whatever, are one serious medical event away from bankruptcy. Like Liz says, even a household making $125K a year will have a tough time paying off a $1 milion medical bill.

4shzl wrote:

That the "ownership society" myth

How many generations have been told that? WWII? 60+ years?
And it worked for how long?

Very long running myth.
It was the leveraged debt that did us in, not the myth.

pavel.chichikov wrote:

How does one prevent capital flight?
Seal the border.

New Keyboard Señor makes a funny.

If you owe then you don't own. Ownership has great privileges. It is that simple.

The people in the rehab place say my surgeon is very good, did we go to him? No we said we went to the hospital & he was there. He was there because some poor idiot had had his fingers PULLED off & he was to try to reattach things so they worked. Some machinery accident. I would have been all ears for the gory details, but was rather out of it and the hub is not good with the details of gossip.--Not that I don't wish the person well (unless it was a Darwin award thingy.)

I guess what he did to me was like the simplest of closings is to me--not even interesting.

No redness no swelling, 7 staples.

But you gotta ask---just how much money do we want to allocate to med care?

Just how high will the damn bill be? Do we want to maintain a very high level of complexity for a short time--maybe--or, a medium level for a longer time?

josap wrote:
Very long running myth.
It was the leveraged debt that did us in, not the myth.

They pack a symbiotic one-two punch. The debt enabled the myth, and the myth acted as unconscious justification for taking on the debt.

ResistanceIsFeudal wrote:

They pack a one-two punch.

When I was a kid (yes a long time ago) I remember lots of people owned their homes. No debt. That seemed to be the norm in the tiny village I lived in.

Meanwhile, back in America, the Great Depression ll takes on a new form:

Brighten Colo. Springs by adopting a streetlight - The Denver Post

For a price, Colorado Springs residents can restore power to some of the 8,000 to 10,000 streetlights being turned off by the city to save money.

You Maniacs! You blew it up! Ah, damn you! Damn you all to hell!

pavel,

The comments on the article you linked were better, in some ways, than the article.

Utah, the future of law enforcement. Half of Loudoun County, VA will resemble that development.

Doc Holiday wrote:

For a price, Colorado Springs residents can restore power to some of the 8,000 to 10,000 streetlights being turned off by the city to save money.

Leave them off, much nicer.
Never understood why we have to light up the night like day time.

Colo Springs is changing and represents that America will have austerity measures, like Greece:

City removes trash cans, streetlights to save cash - CNN.com

The city is even auctioning off its police Its a chopper, baby on the Internet.

"The model of governments, from the federal government down to municipal governments, don't work anymore," according to Chuck Fowler, chairman of City Committee, an alliance of local businesspeople set up by Paige.
"They don't take in as much money. They can't possibly provide the same amount of services, pay their employees, pay their pensions. Something's got to give.

People have the illusion that they have the choice of doctors that they can use. mrs. rosethorn and I have three kids, and for every birth the delivery doc was someone other than our primary due to who was on call at the time. Plus we had to use a doc that was in the plan my employer allowed.

josap wrote:

Never understood why we have to light up the night like day time.

The lights are on to scare away the politicians.

josap wrote:
I remember lots of people owned their homes. No debt. That seemed to be the norm in the tiny village I lived in.
It has worked that way for centuries, until popular culture taught us that we were unsophisticated and would be left behind our neighbors if we didn't jump on the debt train with them. Eventually a debt-enabled lifestyle got baked into mate expectations in the middle classes, and the rest took care of itself.

Doc Holiday wrote:

"The model of governments, from the federal government down to municipal governments, don't work anymore," according to Chuck Fowler, chairman of City Committee, an alliance of local businesspeople set up by Paige.
"They don't take in as much money. They can't possibly provide the same amount of services, pay their employees, pay their pensions. Something's got to give. "

All of it has to give. Just a matter of percentages.

pavel,

The comments on the article you linked were better, in some ways, than the article.

Nova, I'm often fascinated by the comments in the Telegraph and spend time reading them. It appears too that Brits are often funnier and wittier than we are. Why is that?

Yep--me too. In Balto: also hub.

While it took us our entire lives nearly we did pay it off. Difference is we moved up several times. Not quite a Im Lovin It! , but too big for 2 people--ok for 3.

I think that quite a few could have afforded to move up in the old neighborhood, but didn't bother, 'cause it was nice there.

Then a lot of black people moved up from the south, and the people just couldn,t bear to live on the same block as a black person. We didn't move 'cause my grandmother refused to, were just about the last white people on the block. From 12 yrs old for me til 17, moving was constantly hashed over.

My daughter had paid off her shack in Winthrop, but then re-fied to tear it down and design her own. She still has her architect's job, and is still very busy, because personell has been cut back so much. Her neighborhood in Winthrop remins me a bit of the old neighborhood in Balto. Lots of small scale stuff and old stuff and people staying a long time.

Fighting a war and funding health care on top of pension needs of the biggest cohort in history while providing liquidity to a banking system that is facing a CRE crash is going to work out just fine.

http://www.azbiz.com/articles/2010/03/05/opinion/columnists/roger_yohem/doc4b9061666deb3580165342.txt

Faced with a $28 million gap, Colorado Springs has taken bold action to shut down most of its parks and libraries, suspend weekend bus service, turn off 10,000 street lights, and lay off 200 employees.

In a daring move, officials are even closing cultural, recreational and community centers. The city has become a national media darling for its gutsy cutbacks during this recession.

All results of cities, counties, states and Fed government mismanagement (for the self serving) and stiffing the taxpayer with the bloated bills. Maybe peak stupid has hit.

America is turning off STREET LIGHTS, selling off whatever "guvment" stuff, populace is arming themselves like there is no tomorrow and still, Greece is supposedly in more trouble BUT USA is the one enjoying AAA status? WTF?

ResistanceIsFeudal wrote:

Eventually a debt-enabled lifestyle got baked into :

Our self preceptions.

Taught to us by TV, Radio, advertising, school systems.
We have to not only keep up, but be the cutting edge amoung our peers.

Fighting a war and funding health care on top of pension needs of the biggest cohort in history while providing liquidity to a banking system that is facing a CRE crash is going to work out just fine.

Wait till the space people arrive and demand all our sauerkraut.

nova wrote:
Fighting a war and funding health care on top of pension needs of the biggest cohort in history while providing liquidity to a banking system that is facing a CRE crash is going to work out just fine.
Exactly. Why settle for mere collapse, when you can instead collapse catastrophically?!

Doc Holiday wrote:

Colorado Springs has taken bold action to shut down most of its parks and libraries,

Az has shut down most parks as well.

The city has become a national media darling for its gutsy cutbacks during this recession.

Sounds like Colorado Springs is on its way to become just a large encampment of people. Going to do great things for real estate values in the end.

In a daring move, officials are even closing cultural, recreational and community centers. The city has become a national media darling for its gutsy cutbacks during this recession.

Sure, just lock your doors and windows and watch TV. A fine way of life.

Sounds like mental as well as economic depression, and a good bit of self-hatred too.

"Exactly. Why settle for mere collapse, when you can instead collapse catastrophically?! "

The candle meets blow torch.

Well, we all stay inside all the time with the internet, so we don't need no steenkin' parks or libraries.

pavel.chichikov wrote:

Sure, just lock your doors and windows and watch TV. A fine way of life.

How about inviting friends over? Block parties? Helping each other paint a room or the outside of the house? There is lots of good life to be had on a lower budget.

A city with minimal services is not a city. It is a group of people occupying the same physical space. It is also a very fragile structure.

Colorado Springs has taken bold action to shut down most of its parks and libraries

Who wants to live in a place like that?

josap wrote:
Taught to us by TV, Radio, advertising, school systems.
We have to not only keep up, but be the cutting edge amoung our peers.

Smile Indeed. Now get back on the treadmill.

How about inviting friends over? Block parties? Helping each other paint a room or the outside of the house? There is lots of good life to be had on a lower budget.

No parks and libraries? Yeah, you'll need to cheer one another up because you live in Dismal City.

josap,

That only works when there is enough social liquidity in the personal space to allow it or gloss over religious, cultural, and political differences. Colorado Springs has a large, focused christian population. They won't be helping anyone who does not fit their definition of acceptable.

Colorado Springs is nice but not the focal point. It is a gateway to the Rockies in Colorado.

pavel.chichikov wrote:
Sure, just lock your doors and windows and watch TV. A fine way of life.
Sounds like mental as well as economic depression, and a good bit of self-hatred too.

"We're all schizoid now."

As to the Greek crisis--- not only are the members of the EU countries divided as to the solution of the Greek insolvency, but also inside the German cabinet there is now an opemn split between Merkel (she is for IMF involvement) and her finance minister Schaeuuble (he is against IMF and for EU involvement). Anyhow, the biggest issue for Merkel is not Greece (it is as important as the Italian currency was for Nixon) but the next local election in early May. That's were she will survive or not.

LoserBeachBum wrote:
The candle meets blow torch.
No one 17 and under admitted it, I've got nothing to lose. Double or nothing!

A city has hard times. It shuts down to the point were there are minimal services. No food banks etc unless they are run by faith groups. What happens when a requirement for getting food becomes accepting Jeebus?

ResistanceIsFeudal wrote:

Now get back on the treadmill.

Got off the treadmill in my early 20s. Never really got on.

Life is good in prosperous times and lean times. I have been blessed with good friends from a wide spectrum of knowlege and abilities, as well as income brackets.

What happens when a requirement for getting food becomes accepting Jeebus?

Cross you fingers and smile.

Just filled out my census form. I filled out the number of people living here (one, just his munchness). As I continued, I wanted to write "fuck off, the Constitution doesn't demand any of this other bullshit" and send it back. Got worried about a "random" IRS audit, so I complied like a good sheep.

Fuckers.

nova wrote:

does not fit their definition of acceptable.

That would be me. Big smile

josap wrote:
Got off the treadmill in my early 20s. Never really got on.
For women, it's a lot more optional.

You lie. I would.

And subvert. You do a dumb blond routine and ask an "innocent" question. Innocent

nova wrote:

What happens when a requirement for getting food becomes accepting Jeebus?

hmmm? eat? Jeebus? eat? jeebus?

a group of his friends went to the accused man's home in broad daylight and castrated him. The accusation was later found to be false.

Let he who is without sin cut the first cod?

nova wrote:
What happens when a requirement for getting food becomes accepting Jeebus?
What happens when a requirement for getting food becomes accepting the rule of government?

Weird happenings. I just called a guy about a rug for sale on Craigslist (I need something to tie the living room together). His phone message said "if this is the census bureau, I'm still interested in the job". His voice sounded desperate. Left me feeling depressed. Guess I'll pay full price if he calls back.

Maybe throw out my census form so somebody can earn $17 bucks an hour tracking me down.

Limits, limits and more limits. Our US Culture or the one I now live in knows no limits. Give me instant gradafication. Obesity and debt is just two results of this behavior.

ResistanceIsFeudal wrote:

josap wrote:
Got off the treadmill in my early 20s. Never really got on.
For women, it's a lot more optional.

Well, I began working as an independent contractor at 24 (got lucky with the timing & too ignorant to understand I wasn't suposed to do well). Started my own business at 42. Never liked working for other people or any large firm. I could never do office politics or dumb jobs or understand why I had to take 8 hours to do 4 to 6 hours of work. Most of my life I have the either the sole or primary wage earner.

I did try, off and on, to conform. Didn't work or feel right, didn't do it well.

Maybe my surgeon could reattach. . . No one 17 and under admitted . . . seems easier than fingers.

Bob Dobbs, who posts here, wrote a great story about his experience with a woman selling a loom. They met her and realized that she wasn't just selling a loom; she was trying to pay her rent.

RiF,

Accepting anything is much easier when it is impersonal or you can close your eyes. When it is staring at you with the glittering eyes of a fanatic is when it gets harder.

Let's all throw our census forms away. Rebellion + getting some money paid to somebody for a while!!! not a bank!

nova wrote:

They met her and realized that she wasn't just selling a loom; she was trying to pay her rent.

Her fault for not participating in the American Dream. Buy a home. Don't make payments. Keep the loom.

nova wrote:

a great story

well? what? is she homeless now or what? Big smile

Well, obviously she is not living off the fruit of her loom.

Colorado Springs is filled with freaks and turning out the lights and selling the Its a chopper, baby could make this into a playground for a mix of very strange people, who may go over the deep end! My Head Just Exploded

See: Ted Arthur Haggard (born June 27, 1956) is a former American evangelical preacher. Known as Pastor Ted to the congregations he served, he is the founder and former pastor of the New Life Church in Colorado Springs, Colorado; a founder of the Association of Life-Giving Churches ...

In November 2006, prostitute and masseur Mike Jones alleged that Haggard had paid Jones to engage in sex with him for three years and had also purchased and used crystal methamphetamine....

Remember that deal; is Mark Foley living there now?

Obesity and debt is just two results of this behavior.

MaryAnn, I would add STD's to that list.

lmao. I presume that the purpose of the story was to deliver that line?

lawyerliz wrote:

Let's all throw our census forms away.

What census form?

This is only Government debt. I understand that the private debt is much much higher for all these countries. Ireland's total external debt is about 1200% of GDP, so much of it is to be rolled over this year. The other of the bunch are not faring any better. Do we care about failed private debt bond sales at all for the purposes of deflation?

At least it was consentual. . . at least it was an adult. .

unlike some I could mention.

JP wrote:

I presume that the purpose of the story was to deliver that line?

It is a great line.

The girl that comes in once a week and cleans my kitchen lives with her boyfriend. Both were without jobs this past winter and received 50.00 a week in food stamps. Both have since gotten good jobs and no longer receive assistance. Friend of a friend's hub has great paying job, three kids and wife drawing unemployment but are so deep in debt they are receiving food stamp assistance. They live in a new home thats 5000k square ft. One of these ladies is a workaholic and the other is a spendaholic.

racial wrote:
Her fault for not participating in the American Dream. Buy a home. Don't make payments. Keep the loom.
Great advice. Rational strategy is the new morality.

jp,

nope, just popped into the brain. Time to go. Family going to dinner and then to see Jeri Sager sing.

nova wrote:
MaryAnn, I would add STD's to that list.
Good point. The psychological harvests of our enlightened culture are many and their advantages manifold!

is that the person with the loom/rent issue?

nova wrote:

What happens when a requirement for getting food becomes accepting Jeebus?

Hey, they used to convert Vikings with the offer of a cotton robe.

dr munch wrote:

I just called a guy about a rug for sale on Craigslist (I need something to tie the living room together).

Rugs are not structural dude.

you need Got Concrete?

If STDs are a symbol of instant gratification, then that's been around a looooong time.

"What happens when a requirement for getting food becomes accepting Jeebus?"

Don't you worry, there will be another line: "FOR THOSE NOT ACCEPTING JEESUS IN ANY SHAPE, FORM OR SIZE! AND OUR MICROBREW BEER IS BETTER!"

JP wrote:

If STDs are a symbol of instant gratification, then that's been around a looooong time.

Blame thr Vikings? Before and after the robes.

Oh the word viking is a verb. The Norse went a viking. Viking means exploring.

víking refers to an overseas expedition
Viking - Wikipedia, the free encyclopedia

I'm surprised Glenn Beck, or some other radio host, hasn't called for the public stop stop buying Treasuries as a form of protest.

JP wrote:
If STDs are a symbol of instant gratification, then that's been around a looooong time.
So has our "enlightened" culture Smile

sporkfed wrote:

the public stop stop buying Treasuries

Do not buy the bonds of the profligate spenders - the US Congress - Instead, invest in Kraft MacMorani and Cheezz....

A cotton robe? never heard of that one.

Lemme see how many cotton robes would it take for me to sell out???? Very high number, I think.

ShadowInventory wrote:

invest in Kraft MacMorani and Cheezz....

Pinto beans keep longer.

lawyerliz wrote:

Lemme see how many cotton robes would it take for me to sell out????

Hand harvested cotton from Egypt. Hand combed, loomed and woven. Natural dyes if a color. Hand stitched.
It could take well over a year to make a robe.

josap wrote:

Pinto beans keep longer.

Try this - put a bowl of pinto beans, and a bowl of Kraft goodness, in front of your kids - and see which disappears first!!!

KRAFT - Buy American!!!

Full disclosure - Buying American helps Americans!!!

lawyerliz wrote:

A cotton robe? never heard of that one.

Yeah, a convert was given a white robe and required to wear it for a week after his baptism.

They called him The White God (Hvítakristr) after the white robes (i hvítaváðum). Or maybe it was the other way around.

The root of that, hvítr, implies that someone is cowardly, effeminate, and batting for the other team. I don't know that you could call their conversion 100% sincere.

Dude give it up. Just sell those shares of the pseudo food product manufacturer.

Barrons doesn't seem to be buying the double-dip.
But LOL'ed when I saw their cover today.
Financial Investment News - Stock Investing News - Investment News - Barrons.com
Double Dip

ShadowInventory wrote:

Try this - put a bowl of pinto beans, and a bowl of Kraft goodness, in front of your kids

They obviously haven't had properly prepared beans.

Barrons cover struck me as funny too. Alan Abelson must not choose the covers.

kcoop should sue for infringement.

josap wrote:

Az has shut down most parks as well.

Josap, what do you mean - are the state parks closed so that there is no admittance? Planning a trip this summer to visit "natural Arizona," hope I can find my way in!

Rice and pinto beans served with cornbread or corn tortillas are often a staple meal where there is limited money for meat; the amino acids in this combination make it a complete protein source.

Common bean - Wikipedia, the free encyclopedia

josap wrote:

How about inviting friends over? Block parties? Helping each other paint a room or the outside of the house? There is lots of good life to be had on a lower budget.

But if that life doesn't include our beautiful natural world around us, is it worth living? Seriously. A life spent in a megalopolis indoors all the time would kill me.

Pellice wrote:

Planning a trip this summer to visit "natural Arizona," hope I can find my way in!

The National parks are open, many state parks are closed. Either the road is closed or there are no services, like stores, fire wood, water, boat rentals.

flowcreek wrote:

Anyhow, the biggest issue for Merkel is not Greece (it is as important as the Italian currency was for Nixon) but the next local election in early May. That's were she will survive or not

I wouldn't call it survive but NRW is by far her biggest concern at this point. Westerwelle's and zu Guttenberg's issues also don't help.

Check this web site for Az parks that are closed or open part time. It should be up dated as things change.

Arizona State Parks: Home

sm_landlord wrote:

Barrons doesn't seem to be buying the double-dip.
But LOL'ed when I saw their cover today.
Financial Investment News - Stock Investing News - Investment News - Barrons.com

Oh yeah, like the Barron's people don't read CR.

lawyerliz wrote:

Let's all throw our census forms away. Rebellion + getting some money paid to somebody for a while!!! not a bank!

No, no, no! I was one person wishing for the long form! I'd love to be one of those people defining what the US looked like in 2010. Census data is absolutely essential to understanding what went on in the US. Where would we be without it? The new Google Public Data Explorer  which is so unbelievably cool depends on people just letting the world know that they lived in 2010, and perhaps also who they were. I just used it to ask the question whether any Indiana counties were losing population. Rush County is one that is.

Think about all the fascinating history we would lose if the census stopped. The spread of the automobile, the internal migration of the US, the aging of the population. A lot depends on census data. Not least of which is tracing one's ancestry (although that's not a big interest of mine.)

UnrealEstate wrote:

I understand that the private debt is much much higher for all these countries.

This chart from McKinsey puts it into perspective.

http://www.freeimagehosting.net/uploads/26336bd3b6.png

Pellice wrote:

I'd love to be one of those people defining what the US looked like in 2010. Census data is absolutely essential to understanding what went on in the US. Where would we be without it?

1940 Census data down to the census block level was used to identify and round up Americans of Japanese descent.

josap wrote:

Check this web site for Az parks that are closed or open part time. It should be up dated as things change.

Thank you!

Rob Dawg wrote:

1940 Census data down to the census block level was used to identify and round up Americans of Japanese descent.

That does not change the fact that most of what we "know" about this country comes from census data.

Waited for the pig:

Pellice wrote:

Rob Dawg wrote:
1940 Census data down to the census block level was used to identify and round up Americans of Japanese descent.
That does not change the fact that most of what we "know" about this country comes from census data.

"We?" Grow up. We get aggregate data years later. They get your answers next month, cross indexed the month after and datamined for "random" audits, and any number of things the month after.

IBM technology was used to organize nearly everything in Germany and then Nazi Europe, from the identification of the Jews in censuses, registrations. . . IBM and the Holocaust

Census+technology in the holocaust

racial wrote:

nova wrote: They met her and realized that she wasn't just selling a loom; she was trying to pay her rent.

Her fault for not participating in the American Dream. Buy a home. Don't make payments. Keep the loom.

Got that right. She sold her house in 2006 to pay off her unspecified debts; got a good price, but it all went to the creditors. And there she was, two years later, scrabbling to make rent by selling a knitting machine (not a loom, but close). Don't know what happened after that; we just crossed paths on craigslist. So yes, she played it straight, took her medicine, and God only knows what happened to her. What do you say about a country where crooks and those without honor live comfortably, and the honorable do not? Where you're actively incented not to be honorable? A lot of things, I guess.... but I've said them all before.

josap wrote:

Hand harvested cotton from Egypt. Hand combed, loomed and woven. Natural dyes if a color. Hand stitched.

That loom story is so painful. My mother, a weaver - a master of fabric craft, once took some wool (raw fleece, albeit washed) through the stages of carding, spinning, dyeing, looming, weaving, and stitching to make two suits for herself and my sister-in-law. She had a spinning wheel that was her grandmother's, brought over from Sweden.

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