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Posted on May 17 at 9:54 a.m.
The only thing making prices go up instead of down is the Federal Reserve purchasing $40 billion of MBS every month on top of the two trillion it bought at the outset.
Why is one hand of the government making affordable housing while the other is pumping up the bubble?
It's a complicated scheme, but the end result is banks owning more of the property and local populations paying higher rents.
Think about it.
On Housing Experiment Makes Debut
Posted on April 11 at 9:15 a.m.
Very interesting topic. And very interesting that Homeland Security is enforcing for fashion crimes. What does that say for our currency? Gucci bags are legal tender?On a related thread, the situation of our "legitimate" economy is also in pretty bad shape. Practically everything involves kick-backs, from shopping at the grocery store to buying a home.And we have a clear message from our government regarding financial success; the moral hazard is in full effect. So, if you want to be successful in this country, the only way to do it is to steal.When you see Angelo Mozilo cruse by Coast Village in his Lamborghini, and wonder how he did so well, the answer is steal, and steal big.
On Heart of Dog-ness
Posted on April 4 at 9:18 a.m.
Dances with Shrubbery.
On Judge Sides with Costner
Posted on March 29 at 12:03 p.m.
Well, someone should tell Dick that having a bunch of machine guns and armored vehicles around the university is a bad idea.
On SWAT Team Searching State Street Gun Shop
Posted on March 28 at 11:15 p.m.
He could go hunting at the bird refuge.
Posted on March 28 at 8:20 p.m.
Of course, how do you approach a break in at a gun shop? The police officers face tough problems, and life threatening scenarios. SBPD deserve respect.But the hardware is funded by Homeland Security, and Dick Cheney just moved to town. So maybe the fun is just beginning.;-)
Posted on March 28 at 6:17 p.m.
It might help to have a lesson in reading between the lines:
"there was a possibility, but he could not be certain, that someone was inside."
it's a drill.
"is adjacent to several businesses"
like a head shop.
Posted on March 28 at 6:05 p.m.
The SBPD spent all day training with the "SWAT" gear (assault rifles and flak jackets) and their urban assault vehicle in a remote location in Goleta on Wednesday. I can tell you that.
They sure were well prepared. What serendipity that there was an alarm at the gun shop that night.
Wake up sleepy heads.
Posted on March 28 at 2:11 p.m.
They spent all day training with their new military equipment and then needed to make up drill to run around town with it.The choice of targets reflects the current political debate on gun control.
The SBPD is way over funded, thanks to Homeland Security. Now they are looking to justify militarism. Beware SB.
Posted on March 28 at 1:32 p.m.
To illustrate the problem, consider this:
At the discretion of the IRS, any American citizen can be audited.
However, not even the Congress or the President would dare to audit the Federal Reserve Bank.
The income tax is wealth re-distribution from the working classes to the ruling classes. It was instated in 1913 along with the Federal Reserve Bank. We have been slaves for 100 years, and counting.
On Income Taxes: Legit or Not?
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