Now this is a guaranteed rape job.
In a short conversation this noontime that CNBC apparently has omitted from their archives (Why’s that folks?) Rick Santelli was talking about a potential to effectively force money into the Treasury market.
Where would they get this?
From your 401k and IRA accounts!
From Business Week:
The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort.
Let me tell you what this is - it is an attempt to prevent the collapse of the Treasury market!
Continue reading 401k/IRA Screw Job Coming?
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
Monday, February 22, 2010
Wall Street Targets The Elderly
Looting Social Security
By PAUL CRAIG ROBERTS
Hank Paulson, the Gold Sacks bankster/US Treasury Secretary, who deregulated the financial system, caused a world crisis that wrecked the prospects of foreign banks and governments, caused millions of Americans to lose retirement savings, homes, and jobs, and left taxpayers burdened with multi-trillions of dollars of new US debt, is still not in jail. He is writing in the New York Times urging that the mess he caused be fixed by taking away from working Americans the Social Security and Medicare for which they have paid in earmarked taxes all their working lives.
Wall Street’s approach to the poor has always been to drive them deeper into the ground.
As there is no money to be made from the poor, Wall Street fleeces them by yanking away their entitlements. It has always been thus. During the Reagan administration, Wall Street decided to boost the values of its bond and stock portfolios by using Social Security revenues to lower budget deficits. Wall Street figured that lower deficits would mean lower interest rates and higher bond and stock prices.
Two Wall Street henchmen, Alan Greenspan and David Stockman, set up the Social Security raid in this way: The Carter administration had put Social Security in the black for the foreseeable future by establishing a schedule for future Social Security payroll tax increases. Greenspan and Stockman conspired to phase in the payroll tax increases earlier than was needed in order to gain surplus Social Security revenues that could be used to finance other government spending, thus reducing the budget deficit. They sold it to President Reagan as “putting Social Security on a sound basis.”
Along the way Americans were told that the surplus revenues were going into a special Social Security trust fund at the U.S. Treasury. But what is in the fund is Treasury IOUs for the spent revenues. When the “trust funds” are needed to pay Social Security benefits, the Treasury will have to sell more debt in order to redeem the IOUs.
GO HERE to read more.
By PAUL CRAIG ROBERTS
Hank Paulson, the Gold Sacks bankster/US Treasury Secretary, who deregulated the financial system, caused a world crisis that wrecked the prospects of foreign banks and governments, caused millions of Americans to lose retirement savings, homes, and jobs, and left taxpayers burdened with multi-trillions of dollars of new US debt, is still not in jail. He is writing in the New York Times urging that the mess he caused be fixed by taking away from working Americans the Social Security and Medicare for which they have paid in earmarked taxes all their working lives.
Wall Street’s approach to the poor has always been to drive them deeper into the ground.
As there is no money to be made from the poor, Wall Street fleeces them by yanking away their entitlements. It has always been thus. During the Reagan administration, Wall Street decided to boost the values of its bond and stock portfolios by using Social Security revenues to lower budget deficits. Wall Street figured that lower deficits would mean lower interest rates and higher bond and stock prices.
Two Wall Street henchmen, Alan Greenspan and David Stockman, set up the Social Security raid in this way: The Carter administration had put Social Security in the black for the foreseeable future by establishing a schedule for future Social Security payroll tax increases. Greenspan and Stockman conspired to phase in the payroll tax increases earlier than was needed in order to gain surplus Social Security revenues that could be used to finance other government spending, thus reducing the budget deficit. They sold it to President Reagan as “putting Social Security on a sound basis.”
Along the way Americans were told that the surplus revenues were going into a special Social Security trust fund at the U.S. Treasury. But what is in the fund is Treasury IOUs for the spent revenues. When the “trust funds” are needed to pay Social Security benefits, the Treasury will have to sell more debt in order to redeem the IOUs.
GO HERE to read more.
Washington's Birthday Quote
"Government is not reason; it is not eloquence; it is force.
Like fire, it is a dangerous servant and a fearful master."
-- George Washington
(1732-1799) Founding Father, 1st US President, 'Father of the Country'
Like fire, it is a dangerous servant and a fearful master."
-- George Washington
(1732-1799) Founding Father, 1st US President, 'Father of the Country'
Army Translator Program An Invitation To Jihadists?
Ft. Jackson 5 inquiry blows lid off program offering Muslims quick path to citizenship
Five Muslim soldiers under investigation for plotting to poison the food supply at Fort Jackson in South Carolina, according to CBN News, are part of a military program that offers foreign nationals a quick path to U.S. citizenship in exchange for even just a single day of active duty.
The ability to receive expedited American citizenship from within the Army, speculates CBN Military Correspondent Chuck Holton, "must present a tempting opportunity for jihadi extremists with ulterior motives."
As WND reported, CBN News maintains that just before Christmas, five soldiers who were part of the Arabic translation program at Fort Jackson were investigated after they were allegedly overheard discussing plans to poison food at the base.
Army Criminal Investigation Division spokesman Christopher Gray has further revealed to CBN reporter Erick Stakelbeck that the "Fort Jackson Five" were part of a small unit at the base called 09 Lima, a part of the Civilian Acquired Skills program, which welcomes into the military non-U.S. citizens who speak Arabic, Dari, Pashto or other needed languages.
One of the program's directors, Lt. Col Frank Deminth, explains that these recruits are then placed into an expedited citizenship program, "once they serve one day of honorable active duty."
GO HERE to read more.
Five Muslim soldiers under investigation for plotting to poison the food supply at Fort Jackson in South Carolina, according to CBN News, are part of a military program that offers foreign nationals a quick path to U.S. citizenship in exchange for even just a single day of active duty.
The ability to receive expedited American citizenship from within the Army, speculates CBN Military Correspondent Chuck Holton, "must present a tempting opportunity for jihadi extremists with ulterior motives."
As WND reported, CBN News maintains that just before Christmas, five soldiers who were part of the Arabic translation program at Fort Jackson were investigated after they were allegedly overheard discussing plans to poison food at the base.
Army Criminal Investigation Division spokesman Christopher Gray has further revealed to CBN reporter Erick Stakelbeck that the "Fort Jackson Five" were part of a small unit at the base called 09 Lima, a part of the Civilian Acquired Skills program, which welcomes into the military non-U.S. citizens who speak Arabic, Dari, Pashto or other needed languages.
One of the program's directors, Lt. Col Frank Deminth, explains that these recruits are then placed into an expedited citizenship program, "once they serve one day of honorable active duty."
GO HERE to read more.
Joe Albero On The Hitman Show This Morning
I will be on the HITMAN Shop some time this morning, 1590KHZ.CBS Ripped Over Black-On-White Smackdown 'Bias'
'Did the reporters not even watch the video? What a joke!'
EDITOR'S NOTE: **Warning!** The video embedded in this story contains graphic and vulgar language that may be offensive to readers. It also contains violence and images of a bloody nose.
A CBS report that cites an elderly white man's "shoe-shining" remark as the trigger for a "racially tinged" transit bus altercation in Oakland, Calif., is being blasted on the network's website forum page by participants who say the black man involved "got what he deserved."
(Warning. The following video contains graphic and vulgar language and images of violence):
GO HERE to see more.
EDITOR'S NOTE: **Warning!** The video embedded in this story contains graphic and vulgar language that may be offensive to readers. It also contains violence and images of a bloody nose.
A CBS report that cites an elderly white man's "shoe-shining" remark as the trigger for a "racially tinged" transit bus altercation in Oakland, Calif., is being blasted on the network's website forum page by participants who say the black man involved "got what he deserved."
(Warning. The following video contains graphic and vulgar language and images of violence):
GO HERE to see more.
Fed Stimulus Dollars Spending Hampered By Fed "Buy American" Rules
The small town of Stanley, Va., figured on spending its nearly $40,000 share of federal stimulus funds to start replacing its aging fleet of four police cars.
But Stanley learned last summer that the federal government wouldn't release the town's stimulus money. The U.S. Department of Agriculture was worried that the town's plans to buy Dodge, Ford or Chevrolet police cars assembled in Canada could violate the "Buy American" provisions of the American Recovery and Investment Act, records show.
"The situation has put our town of Stanley in an extreme hardship trying to provide public safety to our community," Police Chief Tim Foster later wrote in letters to Congress.
The situation in Stanley, though later resolved in the town's favor according to Chief Foster, illustrates a broader problem facing federal agencies and local and state governments. Tasked with spending hundreds of billions of dollars on "shovel ready" projects, officials are finding that a host of rules governing where, when and how money is spent can lead to significant delays.
The aim of the Buy American provisions, for example, is to keep the nearly $1 trillion in stimulus money in the U.S. With a few exceptions, the rules require that the raw materials and other goods used for stimulus-funded projects be made in the U.S.
But in practice, the rules can delay projects as contractors spend time to find alternate suppliers and even change their design plans, according to a government report.
USDA spokesman Caleb Weaver said the department has required that any vehicles purchased with stimulus funds be manufactured in the U.S.
"However, in the event the rule is prohibitive, there exists an exception process," he said.
In Chicago, the city's housing authority found that the only security cameras compatible with their existing system were made outside the U.S., forcing officials to delay the project as they sought a federal waiver to the Buy American rules, according to a review by the Government Accountability Office (GAO).
At the Department of Homeland Security, an airport screening project costing hundreds of millions of dollars was slowed as officials awaited a waiver from the Buy American provisions to allow contractors to use foreign-made components, the GAO found.
But Stanley learned last summer that the federal government wouldn't release the town's stimulus money. The U.S. Department of Agriculture was worried that the town's plans to buy Dodge, Ford or Chevrolet police cars assembled in Canada could violate the "Buy American" provisions of the American Recovery and Investment Act, records show.
"The situation has put our town of Stanley in an extreme hardship trying to provide public safety to our community," Police Chief Tim Foster later wrote in letters to Congress.
The situation in Stanley, though later resolved in the town's favor according to Chief Foster, illustrates a broader problem facing federal agencies and local and state governments. Tasked with spending hundreds of billions of dollars on "shovel ready" projects, officials are finding that a host of rules governing where, when and how money is spent can lead to significant delays.
The aim of the Buy American provisions, for example, is to keep the nearly $1 trillion in stimulus money in the U.S. With a few exceptions, the rules require that the raw materials and other goods used for stimulus-funded projects be made in the U.S.
But in practice, the rules can delay projects as contractors spend time to find alternate suppliers and even change their design plans, according to a government report.
USDA spokesman Caleb Weaver said the department has required that any vehicles purchased with stimulus funds be manufactured in the U.S.
"However, in the event the rule is prohibitive, there exists an exception process," he said.
In Chicago, the city's housing authority found that the only security cameras compatible with their existing system were made outside the U.S., forcing officials to delay the project as they sought a federal waiver to the Buy American rules, according to a review by the Government Accountability Office (GAO).
At the Department of Homeland Security, an airport screening project costing hundreds of millions of dollars was slowed as officials awaited a waiver from the Buy American provisions to allow contractors to use foreign-made components, the GAO found.
More from The Washington Times HERE.
Hitman Returns
Joe -
"We have never met but a friend of mine turned me on to your site, love it.....Don't know if you remember my morning radio show, But it was called the "Hitman & Company" morning show and we dominated the radio airwaves for years (1983-1994) at 100KHI (Ocean City, Md.) They changed formats and I went on to manage Seacrets Nite Club in Ocean City, Md. along with a fantastic leader/owner Leighton Moore and I helped to grow the business into one of Ocean City's attractions. Stayed there for almost ten years and moved on to Manage the world famous Purple Moose Saloon on the boardwalk in OC. Have been there for about 6 years and have done some radio during that time.
However I have been invited to get into a new communication medium it's KHZTV.COM The Hitman & Company show will kick off on Monday Feb 22nd 2010 from 7-10am we will kick the tires for two weeks then launch a NETWORK...via 1590KHZ in Ocean City along with 810 WYRE Baltimore/Annapolis and on the world wide web at KHZTV.COM - If you could tell the folks out there I would appreciate it very much, I think some folks in the OC/Salisbury area remember and will want to tune in. There is not a day that goes by when somebody stops by the Moose and asks why we don't bring it back, So this is how we intend to do it. Thanks for your time, and please keep in touch.
I read ur site every day and would love to promote it when we hit the airwaves."
Thanks JJ "Hitman" McKay
Sunday, February 21, 2010
Roof Collapses At Queenstown Outlets
Today my wife and I decided to get out of town so we took a ride up to the Queenstown Outlets. When we pulled into the shopping center parking lot we noticed that the parking lots seemed oddly empty. Empty, because about 20 stores were closed (Nike, Michael Kors, Polo...). I was told by one of their security guards that most of the stores in that particular section suffered major roof damage from the Big snow. So much so, that the roof of the Michael Kors store collapsed to the point that you could stand inside and actually touch the ceiling. She said most of the stores will be closed for several months and that the other sections were open and fully operational.
Coins In Ocean City
This is in referencee to Coins in OC..... it was NOT the DEA that went inside COINS.
It was OCPD Narcotics Unit along with some uniformed cops. They did not have their guns out and did have a narcotics related search and seizure warrant for the restaurant. There was evidence located inside the restaurant. The patrons were not ordered out, but obviously when police raided the place they all decided to leave. One of the employees was arrested out of the business.
It was OCPD Narcotics Unit along with some uniformed cops. They did not have their guns out and did have a narcotics related search and seizure warrant for the restaurant. There was evidence located inside the restaurant. The patrons were not ordered out, but obviously when police raided the place they all decided to leave. One of the employees was arrested out of the business.
The "Honey Do" List
As you can clearly see, today is my day of rest, (for once).
That is, from the Blog anyway. The weather is changing for the better and there's lots to catch up on around the Ranch.
I'm not sure what many of you are doing today but I personally am getting things done around here this morning so I can spend the rest of my day at the CAC Fundraiser at Chef Fred's.
There are some great Bands that will be playing and if you'd like to meet me face to face, that's where I'll be.
The event is from 2 PM to 9 PM. See You There!
That is, from the Blog anyway. The weather is changing for the better and there's lots to catch up on around the Ranch.
I'm not sure what many of you are doing today but I personally am getting things done around here this morning so I can spend the rest of my day at the CAC Fundraiser at Chef Fred's.
There are some great Bands that will be playing and if you'd like to meet me face to face, that's where I'll be.
The event is from 2 PM to 9 PM. See You There!
Fatal House Fire In Millsboro
There was an early morning fatal house fire in Millsboro, Delaware today. More to come.....
A Letter To The Editor
As I read the comments regarding the Henderson suit, I am astounded at mentality of some of the people of Somerset County. Take a long hard look at the state of the economy. Why are we in this mess? We as Americans pay taxes and those we have placed in charge of our money have squandered and wasted it. Each side blames the other. WE are to blame.
Its time to demand accountability, honesty and integrity is restored in America and to begin in our own back yards. Be done with the back scratching and the rules for some, but not for others. The Commissioners of Somerset County work for the people of Somerset County. The people are the Employers. Have you all forgotten that? Hold them accountable for their actions, demand answers to your questions, don’t take any wishy-washy answers. If they rant and rave – let them.
Election time is nearing and any and everything they can do to ensure they continue with the POWER they will do. After election time when they accomplish the feat of being re-elected all will return to business as usual. What is your fear? The only POWER they hold is that which you have given them.
You have done them the honor of entrusting them with your money and the privilege of depending on their honesty and integrity to see that all in Somerset County are treated equally and live by the same rules; not a chosen few. Where is the money going? Are we paying for the luxuries of a few while we struggle to pay our debts and find jobs? What about that personal income tax rate? One of the poorest counties paying one of the highest personal income tax rates is unacceptable.
Worcester County has the lowest rate and the argument for that will be that they have Ocean City.
Okay, who is holding back Somerset; and why? More businesses in Somerset will equal more input into the Somerset County governing. When the businesses are allowed in, they too, as tax payers will have a voice. Can it be that in order to avoid that voice, Somerset is kept smaller and thus more under the control of a few? A change can happen if the citizens of Somerset County stand up. If change were not possible, we would still be under British rule. Minorities stand up and take your place in Somerset County. Don’t be swayed by the promises of sweet deals that will never be fulfilled. Demand that you receive the Equal Opportunity afforded to all. If you are qualified for a position, the color of your skin, the religion you practice and/or your gender are no issue. If you are not qualified, the same rules apply. Demand action, not talk.
If you are tired and don’t want the fight consider this; had our forefathers had that same attitude there would be no United States of America. The freedoms we enjoy today were bought and paid for by the blood of our ancestors, both black and white; who fought for those rights and paid the ultimate price. Are we so foolish and disrespectful of them to disregard the price they paid?
Remember: If you don’t stand up for something, you will fall for anything. This is our backyard and we need to clean it up. Make no mistake you will be met with adversity, but so were our forefathers and I surely pray that the residents of Somerset have some of the tenacity and willfulness of our ancestors. Enough is Enough !!!
Its time to demand accountability, honesty and integrity is restored in America and to begin in our own back yards. Be done with the back scratching and the rules for some, but not for others. The Commissioners of Somerset County work for the people of Somerset County. The people are the Employers. Have you all forgotten that? Hold them accountable for their actions, demand answers to your questions, don’t take any wishy-washy answers. If they rant and rave – let them.
Election time is nearing and any and everything they can do to ensure they continue with the POWER they will do. After election time when they accomplish the feat of being re-elected all will return to business as usual. What is your fear? The only POWER they hold is that which you have given them.
You have done them the honor of entrusting them with your money and the privilege of depending on their honesty and integrity to see that all in Somerset County are treated equally and live by the same rules; not a chosen few. Where is the money going? Are we paying for the luxuries of a few while we struggle to pay our debts and find jobs? What about that personal income tax rate? One of the poorest counties paying one of the highest personal income tax rates is unacceptable.
Worcester County has the lowest rate and the argument for that will be that they have Ocean City.
Okay, who is holding back Somerset; and why? More businesses in Somerset will equal more input into the Somerset County governing. When the businesses are allowed in, they too, as tax payers will have a voice. Can it be that in order to avoid that voice, Somerset is kept smaller and thus more under the control of a few? A change can happen if the citizens of Somerset County stand up. If change were not possible, we would still be under British rule. Minorities stand up and take your place in Somerset County. Don’t be swayed by the promises of sweet deals that will never be fulfilled. Demand that you receive the Equal Opportunity afforded to all. If you are qualified for a position, the color of your skin, the religion you practice and/or your gender are no issue. If you are not qualified, the same rules apply. Demand action, not talk.
If you are tired and don’t want the fight consider this; had our forefathers had that same attitude there would be no United States of America. The freedoms we enjoy today were bought and paid for by the blood of our ancestors, both black and white; who fought for those rights and paid the ultimate price. Are we so foolish and disrespectful of them to disregard the price they paid?
Remember: If you don’t stand up for something, you will fall for anything. This is our backyard and we need to clean it up. Make no mistake you will be met with adversity, but so were our forefathers and I surely pray that the residents of Somerset have some of the tenacity and willfulness of our ancestors. Enough is Enough !!!
Shots Fired at Seaford Bar, One Injured
Location: Maxes Dugout Bar, US 13, south of Seaford, Sussex County, DE
Date of Occurrence: Sunday, February 21, 2010 at 1:10 a.m.
Resume:
Delaware State Police are investigating a shooting that occurred at a Seaford area bar that injured a patron.
Troopers were call to Maxes Dugout Bar located on US 13 south of Seaford for the report of a large fight. As troopers were responding they began receiving reports of shots being fired. When troopers arrived they found a large crowd and damage to several vehicles resulting from gunfire.
Troopers then received reports of a 21 year-old Seaford man who drove himself to Nanticoke Hospital. He was treated and released for a gunshot wound to the left arm. The 21 year-old man reported he was attempting to leave the bar when someone shot out his vehicle’s window.
Troopers are investigating and have collected evidence from the parking lot of the bar.
The bar was previously closed in the fall for underage alcohol violations.
Date of Occurrence: Sunday, February 21, 2010 at 1:10 a.m.
Resume:
Delaware State Police are investigating a shooting that occurred at a Seaford area bar that injured a patron.
Troopers were call to Maxes Dugout Bar located on US 13 south of Seaford for the report of a large fight. As troopers were responding they began receiving reports of shots being fired. When troopers arrived they found a large crowd and damage to several vehicles resulting from gunfire.
Troopers then received reports of a 21 year-old Seaford man who drove himself to Nanticoke Hospital. He was treated and released for a gunshot wound to the left arm. The 21 year-old man reported he was attempting to leave the bar when someone shot out his vehicle’s window.
Troopers are investigating and have collected evidence from the parking lot of the bar.
The bar was previously closed in the fall for underage alcohol violations.
Drug Bust In OC
Joe, I thought this might be of interest.
At around 9:00pm tonight the hotel where my friend works had 10 people come in to have dinner. They had been at Coins (28th St. as I'm sure you know) & were just about to order dinner when the DEA came in with masks on & guns drawn. They ordered everyone out & locked it down. When my friend left to come home a while later, he said there were cop cars surrounding the place. Just thought you might want to check in to this.
Thanks for all the hard work you do to keep us informed & aware.
At around 9:00pm tonight the hotel where my friend works had 10 people come in to have dinner. They had been at Coins (28th St. as I'm sure you know) & were just about to order dinner when the DEA came in with masks on & guns drawn. They ordered everyone out & locked it down. When my friend left to come home a while later, he said there were cop cars surrounding the place. Just thought you might want to check in to this.
Thanks for all the hard work you do to keep us informed & aware.
We're Dropping Blognetnews On Salisbury News
We have enjoyed a partnership with Blognetnews for several years now but we have become convinced their rating figures are no longer accurate.
While this may not mean much to most of you, Salisbury News has grown leaps and bounds over the past two years. However, this year our numbers have skyrocketed both in traffic volume as well as comments.
Considering Blognetnews states their rankings are based on the "most influential political Blogs" in the state, they certainly aren't proving such. There is not a single Blog on Blognetnews that has a higher volume of traffic and or comments than Salisbury News. In fact, some of the top ranked Blogs for this year so far only have some 80 visitors a day with one or two comments per day. Again, how is this "Influential?"
Anyhow, I have stated this all too many times in the past and quite frankly I've seen enough. We produce up to 70 articles per day and offer a far better variety of news and information than any Blog out there. The work that goes into it also takes up far more time than the Blogs only producing one article per day, yet they're ranked higher than those who deliver important news and information in real time.
So today we will remove the Blognetnews rankings and part our ways from them from this point forward. Besides, their rankings do nothing for Salisbury News any more nor did they in the past. We have enjoyed being the #1 Blog in the state of Maryland for the past three years. It's time someone else enjoy that position, even though they will always be #2. ;-)
Oh, don't think that Blognetnews will drop Salisbury News though. We deliver them a TON of traffic and since we allow a RSS Feed, they have the right to continue to carry us.
While this may not mean much to most of you, Salisbury News has grown leaps and bounds over the past two years. However, this year our numbers have skyrocketed both in traffic volume as well as comments.
Considering Blognetnews states their rankings are based on the "most influential political Blogs" in the state, they certainly aren't proving such. There is not a single Blog on Blognetnews that has a higher volume of traffic and or comments than Salisbury News. In fact, some of the top ranked Blogs for this year so far only have some 80 visitors a day with one or two comments per day. Again, how is this "Influential?"
Anyhow, I have stated this all too many times in the past and quite frankly I've seen enough. We produce up to 70 articles per day and offer a far better variety of news and information than any Blog out there. The work that goes into it also takes up far more time than the Blogs only producing one article per day, yet they're ranked higher than those who deliver important news and information in real time.
So today we will remove the Blognetnews rankings and part our ways from them from this point forward. Besides, their rankings do nothing for Salisbury News any more nor did they in the past. We have enjoyed being the #1 Blog in the state of Maryland for the past three years. It's time someone else enjoy that position, even though they will always be #2. ;-)
Oh, don't think that Blognetnews will drop Salisbury News though. We deliver them a TON of traffic and since we allow a RSS Feed, they have the right to continue to carry us.
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