tae: EQ - inflation, or a trap for the prudent?

On the Automatic Earth,
http://theautomaticearth.blogspot.com/2010/10/october-26-2010-can-qe2-save-banks.html

- Ilargi describes how "QE", quantitative easing (Bernanke printing money will he, nil he) must create massive deposits - the $2 trillion and growing available money corporations are holding onto.

In her famous lecture A Century Of Challenges, The Automatic Earth's Stoneleigh uses the following image to explain what the liquidity trap is. The Fed can keep on pumping money, but it can't make it move. If you're fearful or uncertain, you will hold on to what you got, not spend it.

Stoneleigh compares it to "running your car with the oil light on". That is to say, the liquidity trap results in an economy without sufficient lubricant (credit, money) to run in a healthy fashion.

So - QE2 might be misunderstood economics, or a case of ignorant politics over-riding good sense.

But what if this is planned? If the bankrupting of the nation is intended to create a scenario when the citizens of the US cry out "Oh, save us, Barrack Hussein Obama!" And the man, and corrupt political machine behind him, nationalize all the industry, the commerce, and private institutions, to "save" the nation B. Hussein Obama has intended to "build" since he started?

Because the stage is nearly set. The players - the Organized Labor unions, the ACORN and other socialist forces, the armed DEA and Immigration forces that have been building, the nation divided into regional districts with headquarters and bases and leaders lined up. All bank records are now open to the feds, without warrants, so that no deposits or transactions can be concealed from the Feds, if the feds ever turn to the oversight and vilification of, say, soviet Russia.

Is this another wild conspiracy theory - or is there an actual, demonstrable, anti-Constitutional plan in play?

Pres. Obama practiced nationalizing GM and Chrysler, then the banks. Does that mean that the govt is ready to start nationalizing all savings (since they cleared the way to snatch 401k principal to buy mandatory ObamaCare insurance) and money not spent? Has this been Obama's long term "hope and change", his mantra about redistributing the wealth (which necessarily means stealing from someone)??

DayByDayCartoon.com certainly expressed one concern about this coming election, that Obama would count what outcome he wants, and disregard actual ballots cast.

Then the news came out, that SEIU, the same government service union that posted thugs to interrupt "Town Hall" meetings between Obama rivals in Congress and the people that were outraged by Obama's policies - has the exclusive contract to operate all voting equipment in Nevada. And the machines have been biased to favor Harry Reid.

Surprise, surprise, surprise!

Keep in mind, the Department of Just-Us has had to face criticism from Congress this fall - for an official, Presidential directive that forbids prosecuting any voting law violations - if the harmed voters are white.

Talk about inviting the fox into the hen house, or sending a chilling message to voters in America.

So - what is it to be? Default on the debt - or seize that pesky money prudent companies and individuals have been keeping from Obama's (deliberately damaged) economy?

Obama's lustre fades

Lissa at Looking For Lissa ponders, I wonder what moderate Obama supporters think now?

Lissa then lists a few errors B. Hussein Obama has made, some campaign stands ignored, and broken promises. And wonders how those that supported Obama because his campaign made sense to them feel now.

Bill of Billlls Idle Mind has been watching this turnaround, the way the national average consensus has shifted.

For instance, the car window written "You don't see Obama Stickers on cars driving to work" - one very bitter sentiment.
http://billllsidlemind.blogspot.com/2009/08/working-for-living.html

Bill notes that although the recent jobless rate is reported as "encouraging", in June the Labor Department dropped some 796,000 jobless from the reported number, as being "discouraged". This made the July jobless rate look better - but doesn't reflect the way the number of jobless continue to shrink the ability of America to produce, or the increased burden they represent to America.
http://billllsidlemind.blogspot.com/2009/08/job-market.html

Back about July 9, I saw a chart that showed the proportion of people strongly supporting B. Hussein Obama had fallen below those that strongly opposed him by 8 points - reversing the sway supporters had held until shortly after June 6, 2009.
http://www.lifenews.com/nat5148.html

That trend continued, now about -7 (support minus oppose percentage)


Note on the chart, that this measures the intensity of the support and opposition - letting the intensity of support dwindle is more important than general support numbers.

Cap and Tax passed the House - and the funeral effect

OK, so the smokescreen that raises taxes on industry (i.e. costs jobs, impairs business, raises prices on goods made and services, too) got passed in the House.

Does this mean change for the funeral industry?

I mean, making and transporting steel or plastic coffins takes lots of fossil fuels to manufacture and transport coffins and vaults. So, is this the end of using vaults and coffins to bury the Dearly Departed - are we back to wrapping in an old blanket, and waiting for the dirt to settle later before leveling off the dirt?

Does this mean the end of cremation? Cremation takes tremendous energy to consume a human body. And that release how many pounds (hundreds of pounds, in some cases!) of carbon into the atmosphere!

So, should we do what has worked for hundreds of years for some cultures, put up a rack about head high in some place you don't normally frequent, and let the body . . . umm, dry out? Weather, cure? What do you call it as the gooey stuff feeds flies and birds, and the bones weather to dust and fragments? But at least, the carbon stays un-aired. Sort of.

Will we have to combine industries? Use jet engines, supertanker engines, and utility power plants for dual use - generate steam, generate hot water and pipe them to houses and business campuses, as well as use for body cremation? No, no, that is solving the wrong problem. Burning bodies - human and animal - turns organic matter to airborne carbon dioxide - that increases the taxes, as well as offending the "sequester the carbon" tree huggers.

Well, I guess it looks like blankets, then. Maybe this will be a good way to handle old nylon and polyester blankets, bury them for good.

Everyone does know, right, that this is a pure tax bill, and can have no effect on amount of carbon dioxide put into the atmosphere? That B. Hussein Obama's stated intention to "redistribute" wealth - crush and destroy people with money that he hasn't take yet - is right on track to get where he wants to go? That the Thug from Chicago is completely uninterested in preserving America, the Constitution, freedom, or the economy?

Just remember that, when you need to arrange funeral services. Or fuel your car, or apply for a new job or unemployment insurance.

And Obama cried, "It is not a conspiracy - it is my plan!"

Vincent Gioia's Blog focuses on the threats to America from President Barack Hussein Obama. A retired lawyer, he defends the constitution and identifies specific acts of Congress and the President that clearly violate the Constitution.

But I think Vincent overlooked how all of the most egregious abuses of office and the American people tie together to form a single, horrible whole.

1. During the campaign,

   when he said in his Colorado Springs speech he wanted to create a “civilian national security force which, candidate Obama said "would be just as powerful and well-funded as the U.S. military.”

   
   
   This would be

   HR 1388: The Generations Invigorating Volunteerism and Education Act, otherwise known as the "GIVE Act,"

   .
   
   Contact Congressman Alan Grayson’s office, 202-225-2176 to express concern. Hat/tip to TSLRF.
   
   



2. Legislation to regulate all compensations - pay, bonuses, etc. - of everyone employed by companies that received government funds. Ever. The expectation is that includes all companies and employers and employees - as President Barack Hussein Obama agreed to, as part of the recent formation of the G20 group FSB. The FSB is established to internationally regulate all significant funds, banks, and financial institutions - and salaries and wages and compensations.

My thought? Obama intends, with HR1388, to draft every public school, from middle school through college, into uniformed service - posted at corps facilities for living quarters and base of operations, with 4-year training academies for "social officers".

And he wants to destroy commerce and industry's ability to distract people from serving - with allegiance pledged to the President.

This is getting scary.

Congress is collaborating with the President with legislation that violates the Constitution. Possibly the Supreme Court will rake the muck back into the gutter, but it remains to be seen whether President Barack Hussein Obama will honor his oath there, either.

Look at Vincent's blog. He makes a cogent argument that the Constitution makes provision for one huge question remaining about the Obama Presidency - whether or not Barack Hussein Obama was born a natural American citizen. The Constitution of the United States clearly states that if Obama was not a "natural born citizen", he is not President - and cannot be made President, unless and until the Constitution is amended. Yes, the Obamanites have pooh-poohed the story, yet the question of his father's non-American citizenship makes his mother's age critical in meeting the full definition of being a natural born citizen. The Constitution provides a remedy - the VP (Joe Biden) assumes the duties of the President until the President can remedy his ineligibility. Since this would invalidate all the President's actions, law signings, and appointments, the sooner this question is resolved, the less debris to clean up.