Sunday, March 8, 2009

Further to my earlier comment today, I found this;

Printing money is the right way to get us out of this mess.

Along with discussion on the wonders of printing money, this article also suggests the following;

"In the budget, the chancellor should announce two measures to encourage borrowing and spending. There should be income contingent mortgages, so that repayments automatically adjust to borrowers' fluctuating incomes and home equity can be insured. And he should also announce a job guarantee for every unemployed individual out of work for more than a year.

In other words, come what may, there will be work and you will be able to service your mortgage. Do all this and the economy will stabilise next year. But what a price we have all paid for bankers' freedoms."


  1. The Nude in the History of Bum, or Are You Embarrassed Easily? There are two ways of finding out:

    First, watch the short clip following (caution: the sounds -- which are the most important part -- are unedited and may be dangerous to one's mental health); then read the aftermath.

    Above all, let's be realistically serious about this, as embarrassment is a highly volatile, socialistic issue . . .

    These are all true.

    1. A man comes into the ER and yells, 'My wife's going to have her baby in the cab!'

    I grabbed my stuff, rushed out to the cab, lifted the lady's dress, and began to take off her underwear. Suddenly, I noticed that there were several cabs -- and I was in the wrong one. -- Submitted by Dr. Mark MacDonald, San Antonio, TX
    2. At the beginning of my shift, I placed a stethoscope on an elderly and slightly deaf female patient's anterior chest wall.

    'Big breaths,' I instructed. 'Yes, they used to be,' replied the patient. -- Submitted by Dr. Richard Byrnes, Seattle, WA
    3. One day I had to be the bearer of bad news when I told a wife that her husband had died of a massive myocardial infarct.

    Not more than five minutes later, I heard her reporting to the rest of the family that he had died of a 'massive internal fart.' -- Submitted by Dr. Susan Steinberg
    4. During a patient's two week follow-up appointment with his cardiologist, he informed me, his doctor, that he was having trouble with one of his medications.

    'Which one?' I asked. 'The patch. The nurse told me to put on a new one every six hours, and now I'm running out of places to put it!' I had him quickly undress, and discovered what I hoped I wouldn't see. Yes, the man had over fifty patches on his body!

    Now, the instructions include removal of the old patch before applying a new one. -- Submitted by Dr. Rebecca St. Clair, Norfolk , VA.
    5. While acquainting myself with a new elderly patient, I asked, 'How long have you been bedridden?'

    After a look of complete confusion, she answered, 'Why, not for about twenty years -- when my husband was alive.' -- Submitted by Dr. Steven Swanson, Corvallis, OR
    6. I was caring for a woman and asked, 'So, how's your breakfast this morning?' 'It's very good, except for the Kentucky Jelly. I can't seem to get used to the taste,' the patient replied.

    I then asked to see the jelly, and the woman produced a foil packet labelled 'KY Jelly.' -- Submitted by Dr. Leonard Kransdorf, Detroit, MI
    7. A nurse was on duty in the emergency room when a young woman with purple hair styled into a punk rocker mohawk, sporting a variety of
    tattoos, and wearing strange clothing, entered.

    It was quickly determined that the patient had acute appendicitis, so she was scheduled for immediate surgery.

    When she was completely disrobed on the operating table, the staff noticed that her pubic hair had been dyed green, and above it there was a tattoo that read, 'Keep off the grass.'

    Once the surgery was completed, the surgeon wrote a short note on the patient's dressing, which said, 'Sorry, had to mow the lawn.' -- Submitted by RN, no name
    . . . !AND FINALLY! . . .

    8. As a new, young MD doing his residency in OB, I was quite embarrassed when performing female pelvic exams. To cover my embarrassment, I had unconsciously formed a habit of whistling softly.

    The middle-aged lady upon whom I was performing this exam suddenly burst out laughing and further embarrassing me. I looked up from my work and sheepishly said, 'I'm sorry. Was I tickling you?'

    She replied, 'No doctor, but the song you were whistling was, 'I wish I was an Oscar Meyer Wiener.' -- Doctor wouldn't submit his name (Can't blame him!)
    More later!

  2. Dudes?

    Could you read this link? Check out the comments.

    Send email Comrade if not comfortable posting opinion.

  3. Trust y'all remembered to put clocks 37 hours back. I did, and now I'm on next month!

    ". . . on the wonders of printing money, . . . to encourage borrowing and spending. . . . for Great Britain, the United States and Japan I can only wonder where this might lead. . . . that digests with your crumpets and marmalade."

    Crumpets and marmalade are delightful but crumpets, slathered with bbq'd spam and smothered in gravy is far tastier!

    In answer to your question "I can only wonder where this might lead . . .". Good question with lots of possible answers, so here is one --

    Right or wrong, I hold the view that there is a long way to plummet, so this link goes somewhat with what I just mentioned --

    Seems there is a deflationary period now, everything is happening much quicker than days of yore so there is a lot more negative stuff to come before the turnaround takes place, and this may well last for a decade or longer.

    Remember there are a whole bunch of boomers who lost their investments / savings in the I.T. swindle, and what will they retire on if CPP / OAS / GIS sinks?

    The wonders of printing money inevitably lead to a paper flood causing inflation, then hyperinflation (currently in Zimbabwe); this would further erode the CPP, etc. and this was the situation in Germany and most of the world which led to WWII.

    To encourage borrowing and spending -- if Sandy and I were still in the workforce, had a mortgage and bills to pay the very last thing either of us would do is borrow and spend more, especially in today's climate.

    Why put ourselves further in the hole simply to appease someone else and, how much material stuff does one need to begin with?

    This is one instance where a couple can follow the herd mentality, or choose to go without and live simply -- i.e., ignore the msm, screw society and stuff the 'establishment'.

    An excellent column in The Okanagan Sunday by a local contributor -- "Life goes on in a bankrupt country".

    Two sentences at opposite ends of the story caught my eye:

    ". . . Does that mean that they, despite their poverty, are still paying off their creditors? . . ." (My part): Exactly WHO are their creditors? If everyone is either broke or going broke, then someone is still holding all the I.O.U.'s for those countries to be paying, which leads to the second sentence:

    ". . . The biggest creditor . . . is the IMF. Does the IMF become the de facto government to bankrupt nations? . . ." -- (My part): If yes, then a one-world govt., police state or New World Order takes form.

    Discover who works behind the scenes, controls the IMF -- thus the govts. -- and there lies the answer to the question that only I have asked (so far).

    Other parts of the article are very interesting as well, especially a little part on Af'stan:

    ". . . The mighty empires of Alexander the Great, Britain, the Soviet Union and now NATO have all failed to control it. . . ."

    Alexander the Great held Af'stan for three years, that's all. He is the one to have held it for that length of time.
    Want to know wot a Zombie Bank is? Watch this! --

    To be somewhat of a contrarian to my fellow Comrades, I post this link. --

    Further, this is Wanda Sykes giving her bailout plan on Jay Leno --

    And if you have a buck, then buy a house! --
    Sheeple are those who follow the masses, because they are not intelligent enough to fathom things out for themselves.

    As most of the world is comprised of brain-dead, dimwitted sheeple we may already be over the abyss.

    Part of one para. follows. --

    "Why would the authorities want people to riot? . . . They [govts.] want an excuse to bring in a fully-fledged Police State all over the world and people who riot in their desperation (instigated invariably by agent-provocateurs) are just the excuse they are looking for. Be very, very aware of anyone who starts rioting, or encourages others to do so, amid peaceful demonstrations. . . ."

  4. Here is a comment I posted on Garth this morning:

    Enough of this gloom and doom. Start the working week off right and absorb this bit of welcome news:

    One cannot blame the victims enough. First they spend themselves into financial oblivion, then they retard the real economy because they don’t have any money to spend or refuse to spend the money they have because the ingrates suddenly have discovered prudence. It will end well, however, because sooner or later they simply will have to spend!

    The thought of business professors who fostered the corporate environment that got us into this mess now offering solutions (or at least reassurances) is revolting. Was it consumers that created the financial “instruments” that burnt the financial sector? And if our banks are in that great shape, isn’t it because the taxpayer/consumer relieved them of $75B of greed gone bad?

    There actually should be a revolution by us sheep, but there won't be one because we are too civilized (read "indoctrinated"). We will simply continue to allow ourselves to be fleezed without demanding control of the wool market.

    The geniuses who got themselves into this swamp will simply haul themselves out by our bootstraps. Forget Maggie Thatcher: when those in power are in need, all bets are off.

  5. Dee, were you referring to comments made by someone who calls themselves Dumbeck in the Guardian comments section?

    If so, it will take some reading to formulate a proper response. A quick scan of what that person wrote in response to the article indicates it would take a while to read all the reference material he/she supplies.

    My views on eco stuff tend to be pretty middle of the road and logic based. When people start making comparisons to Nazi Germany, I want time to assess whether they are genuine or a couple of bubbles off plomb.

  6. "crumpets, slathered with bbq'd spam and smothered in gravy is far tastier!"

    A fine suggestion for the next parliamentary luncheon menu Charles.

  7. Three cheers for Wanda Charles!

    Interesting bit on Japan. It is in keeping with other things I have read. It's also interesting that the press doesn't put out a great deal about the situation in Japan considering how focal it's economy is.

    When I read the debt per capita figures for Britain, the US and Japan I was very surprised. If Britian is going on a print money campaign given their debt being in the $15,000 per person range, what is Japan going to do in light of the $125,000 per person range debt they have? And how does that all work out in the view that the Yen is one of the world's safest currencies?

    Something, somewhere is alluding me.

    Those figures aren't exact, I'm going by memory but the UK at $15k per, the US at $36k per and Japan somewhere in the $125k to $135k range, has me a little befuddled.

  8. Herb, re: Garth's site. What happens when you get between the Squirrels and their apocalypse?

  9. No idea, Comrade. Haven't been in that position yet, but Garth gets beaten up now and then when he maintains that the chance of a depression is 15-20% vice certain.

    My apocalyptic vision is limited anyway - to anyone who has to work for a living and can't find work. They don't need no steenking depression to be in the pits.

    (PS: can't get the link to work.)

  10. I just tried the link and it worked ok Herb. Here's another that brings up the same thing;

  11. Worked this time, Comrade. Cute.