Sunday, August 30, 2009

The Travails of Small Business Doom the U.S. Economy

By Charles Hugh smith


Would you borrow $250,000 to start a business which might, if you're lucky, net 10%? That's your wage, pal, not the net-net--you have to pay taxes on that $25K, too--starting with 15% self-employment. But then the business might fail, and you lose the $250K and have to declare bankruptcy.

A business isn't a license to print money--it's a license for cities, counties and states to print tax revenues. The entrepreneur may or may not print money, but since 75% of all new businesses fail within a few years (and that's in good times; now the failure rate will probably run to 95%), the odds are they will lose all their invested capital and be broke, not wealthy.


So many small city/village downtowns are filled with empty store fronts for this very reason.

Saturday, August 29, 2009

Death of the dollar....

1971 2007 % Increase

Average Cost of new house
$28,000 $314,000 1121%

Median HH Income
$10,300 $58,700 570%

Average Monthly Rent
$150 $730 487%

Cost of a gallon of Gas
$0.40 $2.80 700%

Average New Car Price
$3,430 $28,000 816%

United States postage Stamp
$0.08 $0.41 512%

Movie Ticket
$1.50 $7.00 467%

This shows the loss of 90-95% of the dollars value. TPTB are planning on an additional 50% of loss to the dollar to cover up the debt obligations already owed by the federales.

h/t James Quinn

Thursday, August 27, 2009

ED Day- novel on pandemic "flu"

Everybody died so fast.

They never said everybody would die so fast.

Maybe 100,000 people turned up for work in Sydney’s CBD on the morning of ED Day, March 21.

A whole lot less people than were coming to work before the second wave of the pandemic hit in February, but there was still enough to form thin crowds and and for it to look pretty much like an average weekday, workday, morning in the city.

When I was walking down Clarence Street to my building site, I had to step around a tight pack of office workers waiting for fresh coffee from a window cafe. There was nothing going on to tell me this would be the last morning like this I'd ever see in Sydney.

Everybody should have been at home.

We all knew how bad the first and second waves of the pandemic had been. Everybody knew someone who died in the January or February waves.

Even when they stopped reporting the scale of the death toll on the news, everybody you talked to said "Yeah, so-and-so died last week" or "He wasn't even sick when he went to bed..."

Saturday, August 15, 2009

James Quinn on education

by James Quinn
August 14, 2009

According to the CDC, 66% of adults over the age of 20 are overweight or obese. That is approximately 140 million adults. Somewhere between 15 and 20 million Americans can be classified as alcoholics. As many as 50% of those on welfare are alcoholics. There are 225 million people over 18 years old and 32 million of them do not have a high school degree. There are 32 million adults or 14% who are illiterate (23% in California, 22% in New York, 20% in Florida, 17% in New Jersey).

Saturday, August 8, 2009

I've lost a great friend today.....

And it hurts a lot.

She is now chasing squirrels in Prudenville under the big oak tree.

Friday, August 7, 2009

The Royal Scam

From the piece......

In a single stroke you:

a) lose the burden of external debt

b) by devaluation lose your internal debt

c) make the nation competitive as a manufacturing power.

d) scare the people back into compliance, even exultation with their low wages.

e) with the renewal of manufacturing, re-cast the power that your military rests on

f) during a time of Peak Oil, radically reduce unnecessary consumption while insuring strategic (military) supply.

g) by doing that, suck in the oil powers of Russia, Iran, and Venezuela enough to knock them off-base, first with high prices, then low prices.

h) club China into submission to the G-8 money powers again

and best of all:

i) enrich insiders beyond their wildest dreams, insuring their dominance for a generation to come.

All the right people win, all the wrong people lose.