Global Meltdown Rule No. 1: Do the math By Hernando de Soto

by

de_soto_hernando

Economist Hernando de Soto is the author of the “The Other Path” and “The Mystery of Capital.” He has helped carry out property-reform programs for heads of state in about 20 countries.

http://www.latimes.com/news/opinion/commentary/la-oe-desoto12-2009apr12,0,5255687.story

We can’t start fixing things until we can get a handle on the toxic assets behind the financial crisis.

Imagine how I have felt watching my role models … wage a losing war against derivatives — which both Warren Buffet and George Soros have called “financial weapons of mass destruction” — without locating or counting them.

Let me offer just four of the many good reasons I could give for why “doing the math” — right now — is still the best strategy for halting the global economic meltdown threatening us.

First, the vultures I’ve talked to tell me that buying a significant amount of paper in the dark will take years. With information about derivatives not standardized and thousands of idiosyncratic bonds sold, resold and scattered helter-skelter all over the market, it will be difficult for any individual vulture to calculate their worth until someone locates and categorizes them. In fact, some derivative paper is so sloppily structured that banks have been unable to figure out the contents of their own portfolios, and U.S. courts continue to reject many foreclosures that are based on this kind of paper. So before we could really hand over the solution to the vultures, someone still would have to do the math.

And even while the vultures are, minimally, at work, the contamination will continue as this huge shadow economy of derivative paper infects everything it touches.

***

Consider that a mere 7% default on subprime paper — equivalent to maybe $1 trillion or $2 trillion — quickly contaminated other paper, creating a $50-trillion hole in the U.S. economy from losses in stocks, home values and revenues in less than one year.

***

By not counting and identifying derivatives one by one and drawing a legal boundary around each by means of the rules of property law (things such as registration, traceability and standardized identification), we are unable to protect every asset and every particular interest on that asset from contamination. The longer we wait to do the math, the worse it will get. And the more likely the anarchy of this shadow economy will spread.

In the world where I come from, it is the typical state of affairs. In fact, apart from the elite Westernized minority, most people’s assets are covered by paper that is endemically toxic: not recorded, not standardized, difficult to identify, hard to locate, its real value so opaque that ordinary people cannot build trust in each other or be trusted in global markets. In short, for shadow economies outside the U.S. and Europe, “credit crunch” and “meltdown” are chronic conditions. You don’t want to go there: It will wipe out your middle class, nurturing radical politics, class confrontation, violence, crime and massive drug production and narco-trafficking. (North Americans only know drug consumption; just wait until you see the supply side of the deal.)

Finally, you can’t continue the bailouts, monetary infusions and tax breaks because you will eventually run out of money — and still have little credit available. That is because the overwhelming amount of available credit is not made up of money but assets documented in property records such as fungible real estate titles, mortgages, bonds and derivatives, which have some of the financial attributes of money — what economists used to call “moneyness.” In fact, although there is only $13 trillion in cash notes and coins worldwide, there are hundreds of trillions of dollars in “property paper,” when moneyness is taken into account.

1009-web-greenspan

If you want to get credit flowing again, you must restore trust in paper as soon as possible. And that means measuring the assets, recording them, finding and purging those that are toxic and preventing future debasement of the paper — in essence, submitting it to property law just like all the other assets that we own and value.

Before we can get out of this recession, we need to concede that we just don’t have the right information. At present, the world of derivatives is devoid of useful facts and a structure from which we can extract the meaning, knowledge and confidence required to end the credit crunch.

And before anyone can get those facts, we have to do the math.

Listen here:

Something far more radical is needed, according to one renowned economist – who advises governments around the world – Bill Clinton and Vladimir Putin are said to be fans of his.

He is Hernando de Soto, who runs the Institute of Liberty and Democracy in Peru. He told Business Daily’s Lesley Curwen that the trouble is that the authorities don’t know the details of the investments in question, because they’re simply not collected centrally.

http://www.bbc.co.uk/iplayer/console/p002t9pg

From FreeToChooseNetwork

April 23, 2009

From sergeyberezin

August 01, 2008

“Capitalism can be the engine by which the poor, set free in an open marketplace, can raise themselves from poverty. We must give them the tools. We ignore them at our peril.”

For Future Reference:

readIMF: World Economic Outlook – Forecast 2009

http://www.imf.org/external/pubs/ft/weo/2009/update/01/index.htm

56 Responses to “Global Meltdown Rule No. 1: Do the math By Hernando de Soto”

  1. Troy Says:

    1st

  2. rosettasister Says:

    For what it’s worth, I did find this:

    “Report From Iron Mountain”

    ‘The Guest Word’

    by Leonard Lewin

    New York Times Book Review: March 19, 1972

    http://www.bibliotecapleyades.net/sociopolitica/esp_sociopol_ironmountain12.htm

    These new developments may have helped fuel the debates the book continues to ignite, but they raised a new problem for me. It was that the balance of uncertainty about the book’s authorship could “tilt,” as Kissinger might say, the other way. (Was that Defense order for 5,000-odd paperbacks, someone might ask, really for routine distribution to overseas libraries-or was it for another, more sinister, purpose?)

    I’m glad my own Special Defense Contingency Plan included planting two nonexistent references in the book’s footnotes to help me prove, if I ever have to, that the work is fictitious.

  3. rosettasister Says:

    Speaking of conspiracy theories – Here’s an interesting one:

    http://www.eaglesdisobey.net/

    http://www.the-goldenthread.proboards.com/index.cgi?board=general&action=display&thread=2&page=97

    http://www.projectcamelot.org/dan_burisch.html

  4. Troy Says:

    I always try to keep one thing in mind when I suspect that someone may be a “conspiracy theorist” and that is, according to the Obots and the MSM, anyone that believes/knows that Obama is inelgible is a conspiracy theorist…I discount nothing and do my own independent research.

  5. Global Meltdown Rule No. 1: Do the math By Hernando de Soto … | CoinPack.Com Says:

    […] Excerpt from:  Global Meltdown Rule No. 1: Do the math By Hernando de Soto … […]

  6. rosettasister Says:

    Troy Says:
    April 27, 2009 at 11:43 pm

    I discount nothing and do my own independent research.

    —————————————————————–

    Ditto!

  7. Tenacity Says:

    ditto squared

  8. rosettasister Says:

    In case anyone wanted to keep an eye on the Senate today.

    Judd Gregg is on now.

    http://www.c-span.org/Watch/C-SPAN2_wm.aspx

  9. Troy Says:

    Dang, if it doesn’t stop raining here I’m going to need an ark…Major flooding here. 😦

  10. rosettasister Says:

    Conferees agree on fiscal 2010 budget resolution

    http://www.govexec.com/story_page.cfm?articleid=42594&dcn=todaysnews

    The budget resolution also includes reconciliation instructions for healthcare and education overhaul proposals, which Republicans lambasted. Under reconciliation, healthcare and education legislation would only need 51 votes, thwarting any Senate filibuster.

    At a meeting of conferees Monday, Senate Budget Committee ranking member Judd Gregg, R-N.H., characterized the move as a power grab and likened Democrats to Venezuelan President Hugo Chavez for including reconciliation in the budget resolution. Obama was criticized by some lawmakers recently for shaking Chavez’s hand in a visit earlier this month to Latin America.

    “I can understand shaking Chavez’s hand, but I can’t understand accepting his politics, and basically shutting down the minority,” Gregg said. “It will harm the final product.”

    Conrad, who opposed the use of reconciliation to pass major legislation, said he did not believe that healthcare legislation would be written with its use.

    “I believe, as people get into it, they will find that it just doesn’t work well for that purpose,” Conrad said. “I believe health care will be done under the regular order.”

    He also said he agreed to it because it cannot be used until after Oct. 15. Instructions in the House resolution had a date of Sept. 30.

    Conrad also said that language in the resolution would prohibit the use of reconciliation for climate change legislation, such as a carbon cap-and-trade bill.

  11. rosettasister Says:

    Budget Negotiators in Congress Finalize Deal on Reconciliation

    http://www.californiahealthline.org/Articles/2009/4/28/Budget-Negotiators-in-Congress-Finalize-Deal-on-Reconciliation.aspx

    Senate Budget Committee Chair Kent Conrad (D-N.D.) said that it is unlikely reconciliation will be needed to advance health care reform legislation (Krawzak/Clarke, CQ Today, 4/27). Conrad said that he “sincerely” believes Democrats will use reconciliation only as a last resort (Washington Times, 4/28). He added, “It is there as an insurance policy” (Krawzak/Clarke, CQ Today, 4/27).

    However, Senate Budget Committee ranking member Judd Gregg (R-N.H.) said, “I fully agree that the U.S. health care system needs significant overhaul, but using the budget reconciliation process is not a constructive way to accomplish it.” He added that “reconciliation would completely shut out the minority from having any input whatsoever.”

  12. rosettasister Says:

    Democrats push hard for budget deal (deficit-neutral my ass!)

    http://www.washingtontimes.com/news/2009/apr/28/democrats-push-hard-for-budget-deal/

    Mr. Conrad made the announcement hours after a heated meeting of four Democrats and three Republicans on the conference committee. Republicans challenged Democrats over levels of spending and the use of the so-called “reconciliation” process to push health care and education reforms favored by Mr. Obama, a move that would undercut the ability of Senate Republicans to filibuster the final package.

    Under the deal, Mr. Conrad agreed to include the fast-track instructions, which were part of the House budget resolution but not the Senate version.

    “It is there as an insurance policy,” said Mr. Conrad, adding that he is “no fan” of the procedure.

    “A ‘gun’ would be more accurate than an ‘insurance policy,’ ” said Sen. Judd Gregg of New Hampshire, ranking Republican on the panel, who equated reconciliation with silencing the Republican minority in Congress.

    “I can understand shaking [Venezuelan President] Hugo Chavez’s hand, but I can’t understand embracing his policies,” said Mr. Gregg, referring to Mr. Obama’s brief meeting with the authoritarian Venezuelan leader at last week’s Summit of the Americas.

    Congress would have until Oct. 15 to pass Mr. Obama’s bid to overhaul the nation’s health care system. If no deal is reached by then, Democrats could attach health care to the budget reconciliation bill, effectively marginalizing the Senate’s 41 Republicans because it would need only a simple majority to pass.

    The budget does not factor in money to fund Mr. Obama’s health plan, but stipulates that any policy must be deficit-neutral.

  13. rosettasister Says:

    I hope someone posts Judd Gregg’s remarks on the floor of the Senate just a short while ago. I’ll be looking for it.

    Among other things, he spoke of all the smoke and mirrors surrounding Obama’s claim that he’s going to cut the deficit to 3% of GDP by 2014 (I think that was the year).

    i.e., it’s Bullshit with a capital “b” (I can say that because I’m not a sitting senator, but that’s pretty much what Gregg was saying).

    Anyway, this video is a bit dated, but Gregg does talk about the FY 2010 budget at some point in the video.

  14. rosettasister Says:

    Likely fallout if Pakistan takes fight to Swat’s Taliban

    http://uk.reuters.com/article/topNews/idUKTRE53R3ZB20090428

    Pakistani forces backed by fighter jets and helicopter gunships began an offensive on Tuesday against Taliban fighters in a key valley 100 km (60 miles) northwest of the capital, Islamabad.

    Buner is the latest target of an operation launched on Sunday in nearby Lower Dir to stop the Taliban’s creeping advances amid fears in the West that militants were zeroing in on Islamabad. Both Buner and Lower Dir are part of Malakand division.

    The Taliban began expanding their influence in Malakand this month after President Asif Ali Zardari submitted to their demands for Islamic sharia law there to end fighting in Swat valley. Swat is also part of Malakand.

  15. rosettasister Says:

    FC with help of Army starts anti-militants operation in Buner

    http://www.app.com.pk/en_/index.php?option=com_content&task=view&id=74788&Itemid=1

    The Frontier Corps with the help of Pakistan Army on Tuesday evening launched a full fledged operation to eliminate and expel militants from Buner, said Director General ISPR Major General Athar Abass. Giving detailed briefing to media persons at ISPR, Gen. Athar Abass said the operation which may last for around one week is meant to deal with the militants who are around 450 to 500 in number.

    He said the operation is being headed by Inspector General Frontier Corps and fighters of PAF and gunship helicopters of Pakistan Army Aviation besides heavy weaponary of Pakistan Army are being engaged as backup support in the operation.

    He said the operation in Lower Deer area, launched a couple of days ago, has been successfully accomplished where around 70 to 75 militants have been killed while 10 FC personnel have embraced shahadat.

    He said the operation in Buner has been launched after finding all the process of peaceful means to be a complete failure.

    Giving background details of the operation, he said that kidnapping for ransom of civilians and forces personnel, killing of police and other law and order personnel, barring the routine activities and forcefully taking over the public and private property whereby challenging the writ of the state had become order of the day in the area. They also attacked the military conveys in the area, he added.

  16. rosettasister Says:

    Mike Gallagher wonders how the White House could have allowed the president’s plane to fly over Ground Zero.

    [audio src="http://ht.salemweb.net/townhall/audio/mp3/0606ed6b-354e-4227-b969-7cc07bdb3045.mp3" /]

  17. rosettasister Says:

    New newsbusted

  18. rosettasister Says:

    Rove and O’Reilly shoot it out over whether Bush is to blame for interrogation controversy

    http://www.foxnews.com/search-results/m/22171739/friendly-debate.htm

  19. rosettasister Says:

    Former CIA director says Pelosi was briefed on waterboarding

    http://www.foxnews.com/search-results/m/22171883/he-said-she-said.htm

  20. rosettasister Says:

    Because You Asked: Who approved the Air Force One flyover in NYC?

    http://www.foxnews.com/search-results/m/22180247/photo-flop.htm

  21. rosettasister Says:

    Lawmakers advancing much of Obama’s budget agenda

    http://www.forbes.com/feeds/ap/2009/04/28/ap6349258.html

    But the budget pact also predicts dispiriting deficits that peak at $1.7 trillion in 2009, $1.2 trillion in 2010 and never get below $500 billion, even after the economy recovers and billions of dollars in financial rescue money are largely repaid.

    Even that figure is suspect. It assumes Congress will devote only $50 billion a year for operations in Iraq and Afghanistan for 2011 and beyond and pass an annual fix for the alternative minimum tax without adding to the deficit.

    “It is just so disingenuous it’s almost unbelievable,” said Sen. Judd Gregg, a New Hampshire Republican. “The $500 billion number is a total fraud.”

  22. rosettasister Says:

    Specter Switches Parties; Says GOP Has Changed

    http://blog.newsweek.com/blogs/thegaggle/archive/2009/04/28/specter-switches-parties-says-gop-has-changed.aspx

  23. rosettasister Says:

    Listen live:

    http://www.wabcradio.com/article.asp?id=531472

  24. Troy Says:

    Specter whored himself out to the highest bidder….Barney’s reaction; “Spread ’em boy!!!”

    I’m glad he’s gone…He had zero chance for re-election and he still doesn’t have a chance now.

  25. rosettasister Says:

    http://corner.nationalreview.com/

    Specter’s Semi-Honesty [Jay Nordlinger]

    There’s something I like about Arlen Specter’s party-switching statement. He begins with the nonsense about how the Republican party has moved too far to the right, blah, blah, blah. That’s not to be taken seriously. That’s just rationalization, and not very smart rationalization at that.

    Soon we get to the nitty-gritty: “I have traveled the State, talked to Republican leaders and office-holders and my supporters and I have carefully examined public opinion. It has become clear to me that the stimulus vote caused a schism which makes our differences irreconcilable. On this state of the record, I am unwilling to have my twenty-nine year Senate record judged by the Pennsylvania Republican primary electorate.”

    There you have it: He thought he was going to lose.

    P.S. I don’t know what “On this state of the record” means either.

    04/28 01:28 PM

  26. Troy Says:

    Are any of you familiar with Dr. Bill Deagle?…..Interview with Deagle on Alex Jones regarding swine flu.

    [audio src="http://www.projectcamelot.org/Alex_Jones_Bill_Deagle_Steve_Quayle_27_April_2009.mp3" /]

  27. rosettasister Says:

    On Senator Benedict Arnold

    http://politicalwire.com/archives/2009/04/28/bonus_quote_of_the_day.html

    Bonus Quote of the Day

    “I’m a loyal Democrat. I support your agenda.”

    — Sen. Arlen Specter, quoted by ABC News, in a phone conversation with President Obama about switching parties.

    April 28, 2009

    Benedict Arnold

    When you “pull a Benedict Arnold”, you sell out your side and join the stronger side of a situation out of fear, not honor.

    Originated from the American general during the Revolutionary War whom switched to the British side of the war after being past over by congress for a promotion.

    “I seen that mother fucker hanging out with those dudes that jumped me; Pulling a Benedict Arnold.”

  28. rosettasister Says:

    Video of Air Force One and a fighter jet taking a second pass around 30 Hudson in Jersey City, NJ

  29. j.b. Says:

    Bonus Quote of the Day

    “I’m a loyal Democrat. I support your agenda.”

    – Sen. Arlen Specter, quoted by ABC News, in a phone conversation with President Obama about switching parties.

    Sooooooo, I’m cornfused. Was this a conference call with Barry, Arnold AND ABC? Where did the quote come from?

    Hey, maybe Joe Lieberman will hop on over to the right. I mean, this is ALL just a game, right? Sure feels like a game to me. The kind where the rules CHANGE every phucking day.

    Oh, and whose quote is this?

    “I seen that mother fucker hanging out with those dudes that jumped me; Pulling a Benedict Arnold.”

    (sounds familiar) 🙂

  30. j.b. Says:

    Troy Says:

    April 28, 2009 at 5:49 pm
    Are any of you familiar with Dr. Bill Deagle?…..Interview with Deagle on Alex Jones regarding swine flu.

    [audio src="http://www.projectcamelot.org/Alex_Jones_Bill_Deagle_Steve_Quayle_27_April_2009.mp3" /]

    I began to watch a couple nights ago when I first saw the link to it (here?) Will try again later. I am SILL trying to FIGURE OUT HOW to take this MMS I have had for over a month now.
    I have become SO overwhelmed (again or still, I really can’t tell any more) that I am having a difficult time with simple reading comprehension. Whatever the gubment is doing to US is working on ME. That’s for sure. *sigh*
    Just Shoot Me.
    Oh. Wait. I can do that myself! heh.
    Proud to say I finally got my C C W! After a long, drawn out process, much of which was B.S. and a bunch of (unnecessary) hoop jumpin’ through. Long story, won’t bore you…….BUT! I will be a bit of a braggadoccious and say that I did, “very well” according to the instructor. 🙂

    Need. White. Noise.

    Time to vaccuum! 🙂

  31. rosettasister Says:

    j.b. Says:
    April 28, 2009 at 6:09 pm

    Oh, and whose quote is this?

    “I seen that mother fucker hanging out with those dudes that jumped me; Pulling a Benedict Arnold.”

    (sounds familiar) 🙂

    ————————-

    I don’t know, j.b.! Just needed to vent!

  32. rosettasister Says:

    Perhaps there will be some useful info:

    Announcing a LIVE teleconference on advanced preparedness strategies for the emerging swine flu. Hosted by the Health Ranger from NaturalNews, this teleconference teaches participants how to protect themselves from swine flu and achieve safety even if society experiences infrastructure disruptions or failures.

    http://www.naturalnews.com/

  33. rosettasister Says:

    Learn more …

    http://www.truthpublishing.com/ProductDetails.asp?ProductCode=LIVE-CAT21547

    (I must say this guy is good at promoting himself.)

  34. rosettasister Says:

    bbl

  35. Troy Says:

    j.b. Says:

    April 28, 2009 at 6:19 pm
    Troy Says:

    April 28, 2009 at 5:49 pm
    Are any of you familiar with Dr. Bill Deagle?…..Interview with Deagle on Alex Jones regarding swine flu.

    [audio src="http://www.projectcamelot.org/Alex_Jones_Bill_Deagle_Steve_Quayle_27_April_2009.mp3" /]

    I began to watch a couple nights ago when I first saw the link to it (here?) Will try again later. I am SILL trying to FIGURE OUT HOW to take this MMS I have had for over a month now.
    **********************************************************
    Jb, Tenacity can tell you how to take it….I know that you add it to lemon juice to activate it….You can also use vinegar, but I’m sure lemon juice would be a little more pleasant.

  36. Troy Says:

    Good article here

    http://www.newswithviews.com/Stuter/stuter154.htm

  37. rosettasister Says:

    I am SILL trying to FIGURE OUT HOW to take this MMS I have had for over a month now.

    ———————

    I can help with that. I just have to find a pdf file.

    brb

  38. rosettasister Says:

    Anyway here is the protocol that we use:

    1. All protocols for taking MMS start with one or two drops. Never start with more than one or two drops. People who are very sick and/or sensitive should start with ½ drop.

    Add Lemon/Lime Juice – 5 Drops for every 1 drop of MMS. Then leave it sit for 3 minutes (no less).

    Then add 2/3 glass of water and drink it down.

    2. If you do well and do not notice nausea on the first dose, you can
    increase by one drop for the second dose. If you notice nausea reduce the amount of MMS for the next dose. You can do two doses a day, one in the morning and one in the evening. Continue to increase by one drop each time you take a new dose.

    3. Work your way up to 3 x 6 Drops per day. This should be sufficient to kill the pathogens.

    Note: If you notice diarrhea, or even vomiting that is not necessarily a bad sign. The body is simply throwing off toxins and cleaning itself out.

    Some people say they feel much better after having diarrhea. You do not have to take any medicine for it as it will go away as fast as it came.

    It will not last. It is not caused by a bacteria or virus. When the “poison” is gone, the diarrhea is gone.

    Note: Base your diet on good nutrition. Your body will then be able to easily absorb vitamins and minerals and many other nutrients it might have been missing up to this time. You should feel better as time goes by.

    For more in-depth info you can get a free ebook from

    http://www.miraclemineral.org/

    (I haven’t checked out this link yet.)

  39. Tenacity Says:

    Specter just went up a notch in respect from me. He is no longer a cowardly traitor/spy to be spit upon, but now has elevated himself to enemy. I can respect my enemy. It takes a small amount of courage to declare truthfully where you stand. Now it will be tougher for the weasel to deceive people into voting for him. BTW: he’s still a scumbag…it doesn’t take much to elevate yourself above crawling under a snake’s belly.

  40. Tenacity Says:

    Who knows, maybe McCain will follow Specter’s shining example. But that would only happen if their boss (Rockefeller) okays it.

  41. Tenacity Says:

    Criteria for all future conservative candidates:
    1) No affiliation with any secret society.
    2) Must be psychoanalyzed and certified to have no MPD or dissociative personality characteristics.
    3) No affiliation with the Counsel of Foreign Relations.
    4) Must agree to END the FED!!! and restore honest money (Gold & Silver backed) including the end of fractional reserve banking and derivatives.
    5) Must agree to resign if they vote to usurp the Constitution in any way. Not just an oath to uphold but guaranteed accountability with teeth.
    6) Must agree to resign if they fail to grant standing to any citizen on a constitutional issue.
    7) Must agree to resign if they fail to fully and properly vet any candidate for POTUS or VP.
    8) Must agree to remove the 16th Amendment as never having been properly ratified.
    9) Must agree to uphold the Bill of Rights (first 10 Amendments) to the fullest extent.
    10) Must acknowledge that separation of church and state means keeping the state out of the church’s business including NO MORE corporation requirements making churches under the jurisdiction of government.
    11) Must admit that all direct unapportioned taxes on labor are unconstitutional and represent the enslavement of the American citizen and agrees to abolish the IRS as unconstitutional.
    12) Must agree that the well regulated state militia is necessary to protect the rights of the citizenry in each state and support legislation to restore the form of militia as intended by the founding fathers (organized from the bottom up).

    I could list about 20 more, but that’s a good start.

  42. Tenacity Says:

    8) *) Testing

  43. Tenacity Says:

    so 8+) is smiley face with shades? I didn’t know that.

  44. ryansgrammy Says:

    Perhaps they can get the truth out of Pelosi by threatening to withhold future botox injections or other beauty enhancing techniques. Of course, there is also the possibility that her memory might improve if they splash a little water on her face. MEOW!

  45. Troy Says:

    Perhaps they can get the truth out of her by waterboarding. 😉

  46. Troy Says:

    8) I guess it is

  47. Troy Says:

    6)

  48. j.b. Says:

    http://wcbstv.com/topstories/air.force.one.2.996457.html

    Hmmmm, so I am going out on a limb and say; I think Barry did the flyover BECAUSE HE CAN! Annnnnnnnnnd, I think it was a “show” for his Mideast/Kenyan friends, family and loved ones.
    I do not believe (anymore) that he is anything BUT A MUSLIM and he is just taking US on a Big Ol’ Ride ’til we get too dizzy and and either jump off, stay on (and remain dizzy, of course) or…………………………….what? I dunno the rest of this story. I realize it remains to be seen.

    What he did to those New Yorkers yesterday was, UNCONSCIONABLE!

    But to OUR ENEMIES? It was a real knee slapper.

  49. Troy Says:

    🙂

    http://patdollard.com/2009/04/change-is-happening/

  50. Troy Says:

    Is Obama a “big ass” maggot or a big “ass maggot”?…..According to his latest pic release, I would say it’s the latter.

    http://www.break.com/pictures/big-ass-maggot407128.html

  51. Tenacity Says:

    My father always said “never try to sh*t a sh*tter.” Well, I always figured I could hold my own when it came to BSing if I had the desire to. Now comes David Plouffe…I don’t hold a candle to this guy. He definitely takes the BSing award. He has set the bar for propaganda.

  52. ryansgrammy Says:

    j.b. Just more arrogance on the part of him and his staff. And you’re right — the terrorists probably loved it! I hope whoever was responsible for this action is fired! I can only imagine the fear in the hearts and minds of many in NYC when they saw those planes. Its beyond idiotic. Speaking of idiotic, how about that wonderful Press Secretary. I keep asking myself “what has he (gibbs) got on Obama” because he hasn’t been fired for his total incompetence. He’s a complete you-know-what and a bumbling idiot and I would think a tremendous liability to the Admin. Yet he’s there every day in the spotlight defending his boss. It seems like every day I watch in horror as we slide a little further down a slippery slope and it seems so unbelievable.

  53. Troy Says:

    Tenacity Says:

    April 28, 2009 at 10:35 pm
    My father always said “never try to sh*t a sh*tter.” Well, I always figured I could hold my own when it came to BSing if I had the desire to. Now comes David Plouffe…I don’t hold a candle to this guy. He definitely takes the BSing award. He has set the bar for propaganda.
    **********************************************************
    Totally sick azz site, wasn’t it?

  54. Tenacity Says:

    Demented is the correct term for all of this administration and their puppeteers.

  55. rosettasister Says:

    My husband’s father was a trumpet player, so he grew up with this kind of music playing in his house.

    New Thread:

    https://rosettasister.wordpress.com/2009/04/29/the-happy-trumpet/

  56. Fukuisaurus » Blog Archive » Chiaha Says:

    […] Global Meltdown Rule No. 1: Do the math By Hernando de Soto … […]

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