Saturday, July 25, 2015

Late Friday Beaver - Random beaver shots

Random rants

It's amazing we haven't seen more shootings in this country. Forget some ISIS extremist hiding under the bed. They're about as much threat as a stone gargoyle. No, worry about that quiet creepy guy on the bus who talks to himself. He's more of a threat should he be off his meds or worse if he took some of the meds they prescribe these days. (side effects and all) It was Ronald Reagan  who opened up the doors to the mental hospitals back in the 80s and let everybody out. So now it's harder to get these folks help. Haven't seen what Obamacare covers so it's a safe bet many are falling through the cracks. Health care shouldn't be tied to whether you have a job or not.

How dry I am
We've had almost no rain here this year. Only two minor rain storms that I can think of in the last couple of months and not enough to water a garden. Normally the grass turns brown until late Sept but this year trees are starting to die. Checked the pine trees the other day with the old christmas tree test. Grab a branch and pull on the needles, if they come off easily then the tree needs water. Can't even keep some of the landscape plants alive. That's creating a fire danger. A bush across the street caught fire the other day. Had it not been for some fast acting neighbors and strangers their trees next to the building would have gone up like a torch setting the entire building ablaze.
There's parts of California, Texas, and Alberta, Canada that I hear are worse. So much for food prices and forget beef. Chicken just shot through the roof with a 4 million pound recall.

Bomb bomb bomb (fill in the blank)
What haven't we blown up over the past years? Afghanistan- check Iraq - check Pakistan - check Syria - check Libya - check Yemen - check. The right wingers are just drooling over Iran. Oh and let's not forget our assistance in Ukraine and Turkey. Bet we loan them a drone or two. But then that leaves the entire continent of Africa with so many countries but we tend to steer clear of that part of the world. Small potatoes maybe? Guess we can't squeeze enough out of them with bribes or intimidation to make it worthwhile.

The Fox News republican clown show
I say we arm them all with pies and seltzer bottles and see who comes out the cleanest. You just know this will be a contest to see who can be the most tea baggyist. If you go so far to the right do you finally land up on the far left? And just who is their base? Or should we say who's left of their base? This country isn't lilly white northern european anymore. Somebody had it right when they called them "the stupid party".  What better way to lose an election than by insulting potential voters. We've heard what they think of hispanics. Can't wait till they're asked about what they think of black people. Now if they could just remember where they put those binders full of women.

Bank fails when I think of it.
No fails this week and only 6 fails so far this year.

Friday, July 17, 2015

Friday Beaver - Up and running

Finally got a newer computer. The old one just wouldn't handle new software and was about as slow as dial up towards the end. Then there was the issue of updating everything. Sadly I can not transfer old files to the newer one because they are two completely different operating systems even though the same brand. 

Greece - Either way they were screwed. Take the deal and inflict austerity or don't take the deal and face bankruptcy and austerity.

Doesn't pay to be a black man or a hispanic in this country. The odds are against you. One black man strangled for 20 minutes until he died. A hispanic with his empty hands held out shot to death. All listed as justified? But the civil suits are running into the millions. You'd think by now that police departments couldn't get liability insurance for such events. No sweat off their hides it's the taxpayers' dime.

I see Canada is swirling down the toilet bowl to recession even though their finance minister denys it . Harper will have fun trying to spin his way out of this especially when the Iran oil hits the markets and the price of oil drops even more.  Fear not Canadians we're not far behind. The largest part of the U.S. GDP is selling airplanes which normally runs in 20 year cycles. Well it's been about 20 years since the last uptick in building aircraft. Much of the military aircraft is coming to an end as well. Forget the F-35. They haven't worked out all the bugs yet and the fuel tankers for the air force are almost complete. That just leaves drones and the military only ordered a couple dozen of them.

Puerto Rico could be the next Greece. They have $72 billion in outstanding bonds and couldn't make a $94 million payment. Portugal is in no better shape with debt to GDP at 400%. Question is when will the dominoes fall?

Bank fails later  None last week
Correction: One bank did fail last week in Denver,Co none this week.

Friday, July 10, 2015

Friday Beaver - Please stand by

 The beaver is off today while he fixes a few computer problems. He may be back next week with a few surprises. In the mean time it looks like Greece caved and more austerity is on the way. We shall see. Haven't researched the full agreement.

Bank fails later

Friday, July 3, 2015

FryDay Beaver

Don't know if our trusty beavers will be out today. The network gods seem to be angry and keep dropping connections.

Hotter than a $2 pistol around here. It's so hot ... (fill in your own answer cause it's too hot to think of one on my end.)

Stick a fork in Greece it's done. Now to the next entree. Will it be Portugal Spain or Italy or maybe some other unsuspected country?

Rah Rah Happy (fill in the blank) be it Canada, the U.S. or the tiny republic that everybody forgot and got taken over by yet another dictator Day. Is it national throw out the moldy leftovers from the fridge day? Perhaps it's treat the third degree burns from fireworks day. Nope that would be Sunday the 5th. To her credit mother nature  has blessed us (or cursed depending on how you look at it) with extremely dry hot weather so the kiddies aren't lighting off explosive devices two days before as they usually do. Two morons here set the grass next to the freeway on fire the other day. Two guys in their 50s I'm told. Sheesh grow up. Temps here hovering around 90F or 32C but nothing like the 104F or 40C Europe is experiencing.

The toxic materials racket. Corporations get away with murder literally. Kill a bunch of people because of greed and yet nobody goes to jail and the fines while appearing large are a pittance of what's needed. Face facts the Gulf Coast will never be the same. Their "solution" has made the problem worse. Oil treated with Corexit can not be picked up with an absorbent pad.
Ideally we should get off of burning dead dinosaurs for our energy needs and it may be that we're getting close to that as we have to drill farther and deeper and resort to fracking to squeeze the last drop of oil from mother nature. Momma doesn't seem to be too happy with that either. Dimwits deny science and they may find their house burned to the ground with no water to put it out. Or a flash flood will wash what assets they had down the river. That's the extremes of climate change.
We have a nice choice now between a leaky pipeline or an exploding rail car take your pick. Nice choice eh?

Where do we go from here? There's enough sunlight hitting the earth in any given day to power all the TVs and monitors on the planet for 100 years but no profit margin in the deal I guess otherwise we would have done it long ago. One thing we do know is that those entrenched in the oil industry will milk every last dime out of the planet before the oil runs out. It's how they roll.

One last parting thought from my pearls of wisdom necklace - A fifth on the fourth could get you ten in the pen.

Probably no bank fails today here as I believe the banks are closed but I'll check...

Friday, June 26, 2015

Beaver Friday - Train wreck edition

The world is falling apart. The slow moving train wreck continues. Seems each day another car slips the tracks careening down the ravine to its' destruction. In just over a week 700 die from heat in Pakistan. People shot and killed in Ukraine. ISIS bulls its' way back into Kobane (no report on casualties) and not a peep out of what's happening in Fukushima, Japan or Afghanistan. If you aren't being dried up like a raisin in the West or succumb to heat stroke in the desert of the Middle East., then it's flood waters to be dealt with in Texas or China or Russia.

Should we be surprised though? With the devolution of education (bet your resident spawn couldn't name the capitol of Turkey but they'd be embarrassed if the didn't know the runner up on American Idol. And no the answer isn't Istanbul it's Ankara.) what are we preparing the next generation for one might ask? No more steel mills or at least not many left and forget appliance manufacturers or clothing, they left a decade ago. What's left? Much of our "high tech" has been outsourced as well. Greeter at Walmart is not what you'd call a career ambition and if I'm not mistaken they eliminated that position anyway. Must face the facts that we've become too efficient for our own good.

Less is more until it no longer has the strength to hold up the bridge or building. And who forgot to read the architectural drawings along with the specs? Oh right, they used those cheap Chinese bolts cause they got such a deal. And the night shift forgot to tell the day shift to finish tightening the bolts. Too tired must have slipped their mind. At some point in the not too distant future we'll have robots doing all the work and only need one robot master to keep watch. Look no farther than military use of drones soon to be unmanned. And you thought "the terminator" was just a fantasy.

The Greek tragedy continues. Sure I'll give you a loan (debt) to pay off your loan (debt) and you'll be that much deeper in the hole. But they aren't the only ones facing the loan sharks. Portugal may be next up followed by Spain and Italy. Let us not forget Belgium in this mix. Will the dominoes fall? We'll have to wait and see. Time is running out lest they kick the can once more. So as you can see we're all in the same leaky boat. Oops wrong analogy, we're in one of the train cars waiting for our turn to careen off the cliff.

Side note: Our local regional experts on beavers informs me that many of the beaver photos I've posted are not in fact beavers but other members of the rodent family i.e. woodchucks, nutria, etc. We duly apologize for being misinformed.

Bank fails?
No banks fails here this week but keep an eye on Greek banks. What will they do when there's nobody left to screw?

Friday, June 19, 2015

Friday Beaver Greek tragedy edition

Beavers don't need home loans and you may not like the second act Mrs Lincoln.

Greece that ancient bastion of democracy is slowly crumbling along with the rest of the world. Question remains will it take everybody else down in the process? Democracy a system of government whereby the majority of people rule either directly or by representation. Demos = people Kratos = power or rule. And it's the only reason Greece has the government it does because neither the banks nor the corporations could buy off the government there.

What does it all mean one might ask? Banks are trying their best to steal, yes steal the wealth of the people. And prior governments had a hand in it by borrowing money then lowering taxes and letting the very rich hide their money off shore. Hum sound familiar? And now the bill comes due but there's no money left to pay it. It sits quietly in the Caymans collecting interest untouched and untaxed.

And what a Ponzi scheme we've created for ourselves. You take out a loan with interest which is created from money that never existed. Your friendly banker takes that loan and sells shares (leverages it) at around nine times its' value. The system works well until either somebody can't pay or too many want to cash in their shares. Then the system collapses. With a home loan the borrower loses his house and still must pay back any difference if the home value is less than the loan (known as due on default). The share holders lose by getting pennies on the dollar if that. The bank wins all around. It has possession of the home, the difference on the loan balance and can tell the shareholders to bugger off also charging them a fee to try and sell their shares. And let's not forget the fees which in some cases can amount to one third to one half the loan balance.

So getting back to Greece it's a safe bet whatever happens they're screwed. If they were to take the Euro deal their pensioners and public workers might as well take a poison pill. If they don't take the deal and have to go back to the Drachma then it would become basically worthless paper. After all who'd want to hold currency in a bankrupt country or buy a bond from it? And from the latest reports people aren't waiting around to see which way this is going. Money is flooding out of banks in millions of euros. Come and get it before it's gone.

All of this could have been avoided if all parties had looked at past history. You can't expect anyone in a tough financial situation to cough up more than they have. Germany for one seems to forget that they had much of their debt after WWII forgiven and the rest was financed over a 55 year period. They just finished paying their war debt in 2005 believe it or not.

And what banks failed this week? That's right they never really fail they just change their name and keep stealing. We'll look later...

Friday, June 12, 2015

Friday Beaver - Beavers don't lend

Neither a borrower or a lender be.

Wise advice and older than dirt if you look at the world situation. China's economy is slowing, has been for some time now. After the housing bust there (remember there's entire cities that sit empty there) investors moved to stocks. One can only assume their markets are as inflated as the tulip fiasco a century plus back. There is the Greek tragedy playing out. We should know by months' end whether it will be default or the can gets kicked farther down the road, but you can only kick the can for so long. Eventually somebody wants paid but nobody wants to face up to the facts. Greece is broke and sucking more money from pensioners isn't going to help the GDP.

There's the Ukraine needing around $15 billion to stay afloat. So which loan shark will it be the east or the west? Putin would love nothing better than to take them under his wing just don't have any unkind words for him should you take the deal. Guess bribery and extortion were much easier in the old Soviet days.

Want to be a "bajillionare"? Then head to Zimbabwe. A dollar U.S. will get you $35 trillion Zimbabwean dollars. And we wonder why there's unrest in that part of the world.

Nigeria - A wonderful place with educated people and no opportunities unless of course you've invented something more creative than the dead prince scam. Bet there's 419 ways to say no to that. We're hearing the latest profession involves taking bribes from drug smugglers from South America so their cargo gets to Europe.

Somehow though in the grand scheme of things it all boils down to perceptions. What is the true value of an item? Take housing for example. Did you know that there are still 4 million people in the U.S. who are underwater with their mortgages. Their homes are worth less than what they owe. This to the tune of $579 billion according to Zillow. But the truth there is that people borrowed when the market was artificially high. A two bedroom condo in the suburbs is not worth a quarter of a million dollars. But if you believe that I just might be able to dig up some tulip bulbs for you. Just have your certified checks ready.

Bank fails later...