JAGUAR XF SPORTBRAKE (LEAKED)

Hanno fatto a proporre il montante posteriore mimetizzato con il lunotto come sulla XJ.

The secret plot to derail the Greek bailout

Warning:  This is a very long post but a very important one to read...  

** To break up a potentially long read, we have injected photos of butterflies, both because they are lovely to look at and they symbolize 're-birth' which is the grande theme of this post.  We talk of Greece trying to prevent default... if it was a caterpillar, it would be like trying to prevent chrysalis.

So we begin..  

There are two ways a corporation or nation defaults..

1)  The corporation or nation openly declares bankruptcy

2)  The corporation or nation does everything humanly possible to avoid it but powerful forces behind the scenes ensures it happens to their benefit

Greece should have taken option #1, for revenge sake

Instead in spite of public pronouncements and agreements to the contrary, they are being forced into option #2, and to be honest, we are unsure if the Greek leadership, much less the people even know or understand this...

We at A&G have done much research and have written extensively on this topic, not because our focus is usually Greek concerns or possess any ethnic or emotional ties to the country.    We cover it because we see the default at minimum as the first 'Victory' in the war against banking and finance; the first Real and Genuine pain the financial elites will feel since September, 2008.   

And when it comes, it will be long overdue.

As we said previously, we've done much study and there are two questions we couldn't fully understand in this geopolitical chess game-  1) Why was an agreement made in Brussels on Sunday night when many of the involved parties truly want Greece to default and be gone from the euro?, and 2)  What role is the US playing, especially financially in this kabuki, especially since everyone knows the US bails out the world?

After reading an array of sources, we feel we finally have a much better understanding of the complex theater being enacted before our eyes and can piece together a timeline as to what has happened recently and what is going to occur over the next four weeks (Greece must pay its next installment of debts by March 20th- that is not a flexible date)

On Monday, January 16th, Presidential staff and Fed advisers convened with a dozen or more top Wall Street bankers. Its purpose was to brief a select group on the White House and Geithner approved operation to amputate the eurozone’s obviously gangrenous Greek leg.

Just 24 hours later, a remarkable undercover bailout slush fund was set up for the use of the ECB under Mario Draghi. On that day, the financial website Wealth Wire posted a piece suggesting the Fed was ‘up to something mysterious', and Jonathon Trugman of the New York Post’s financial desk wrote this: ‘Essentially, we just bailed out Europe’s banking system with the full faith and credit of the United States’.

Subsequently, a former Fed official told the Wall Street Journal that the Reserve was indeed bailing out Europe by operating in the shadows – aka a loan masquerading as a currency swap.

Former Vice President of the Federal Reserve bank of Dallas, Gerald O’Driscoll told the Journal:

“The Fed is using what is termed a “temporary U.S. dollar liquidity swap arrangement” with the European Central Bank (ECB).  Simply put, the Fed trades or “swaps” dollars for euros. The Fed is compensated by payment of an interest rate (currently 50 basis points, or one-half of 1%) above the overnight index swap rate. The ECB, which guarantees to return the dollars at an exchange rate fixed at the time the original swap is made, then lends the dollars to European banks of its choosing.

The two central banks [ECB and US] are engaging in this roundabout procedure because each needs a fig leaf. The Fed was embarrassed by the revelations of its prior largess with foreign banks. It does not want the debt of foreign banks on its books. A currency swap with the ECB is not technically a loan.”

Well, swap or loan, it all went into the eurobank prop-up operation.  During the period following that transfer, the ECB lent $483bn in various amounts to just over 500 banks in the eurozone. 

So let's stop here and refresh what's happened so far-  US taxpayer $$ has been used once again to bailout Europe's banks and financial institutions.  If you ever wonder how the US has so much pull and sway in the UN and in economic, military and geopolitical affairs, perhaps this type of 'deal' answers it.

Let's continue..

That swap i.e. 'loan' deal was outlined to the key Wall St players on January 16th. In a nutshell, it was “We bale out the eurobanks for Mario, and in return they [the EU States] build a firewall around Greece”. It was the start of what became known as ‘amputate and cauterise’. Goldman Sachs played a pivotal role in the session.

The US view is this: Greece must default outside the euro, and become a leper.  Secretary Geithner thinks the Europeans don’t have the money to make the banks ultra-safe…and that means an immediate contagion blowback to the US, with disastrous consequences. (It also means Obama's re-election chances are severely hindered if the US experiences anything close to another 'Lehman') 

So we, the US, must covertly help the ECB render the eurobanks safe – and in return, they need to step up to the plate by leveraging whatever firepower they need to ensure the whole mess stops at Greece.

Simple.

The key players at this meeting were Timothy Geithner, Goldman Sachs' Lloyd Blankfein, a tight group of White House Obamites, Ben Bernanke (at “a safe distance”), Mario Draghi, and IMF boss Christine Lagarde.  The President as well as Secretary of State, Hillary Clinton were fully aware of the meeting but neither attended.

As a consequence, from this point onwards Christine Lagarde began to play serious hardball about the need for a massive firewall investment by EU member States. Concurrently, Secretary Clinton applied every ounce of available pressure to the Sino-Japanese credit line as a potential further source of bricks in the wall.

Clinton’s State Department seems to have had some degree of success. Less so Lagarde: she has come up hard against Berlin’s refusal to expose Germany further.

The view in the Fed and Washington is that the Europeans are welching on the deal which is peculiar since really they never had Berlin on board in the first place.  Germany does not want to expose themselves to even greater debt, and recently their legislative body enacted legislation prohibiting it.  At the recent G-20 meeting, Lagarde has threatened to pull funding for the Greek bailout unless the IMF gets their way and a 750bil euro firewall is created.

So that's were things stand today, February 24th.  Everyone wants a Greek default except for the 'chess piece' in the game that should have wanted it all along, and thus now is reduced its significance to that of scapegoat 'pawn' -- Greece.

And in case you think we didn't provide enough evidence to explain why Greece will be defaulting soon (even if it doesn't want to), here's a few more reasons:

* The credit rating agency S&P today joined Fitch and Credit Suisse in seeing the Greek Bailout as akin to 'default'.  From appearances, it seems all will call default one second after the bond swap officially takes place. Whether that triggers CDS (credit default swaps) remains to be seen...

* The Greek consitutional change demanded by the Troika (to hierachise debt before other expenditure) will not be possible by the Greek bailout closure date. And they knew that all along.

* European creditor countries are demanding 38 specific changes in Greek tax, spending and wage policies by the end of this month and have laid out extra reforms that amount to micromanaging the country’s government for two years, according to the Financial Times. There is no way the Greeks will stand for that either.  The program is being set up to fail, as many of these conditions will be impossible to achieve

* In an interview with the Wall Street Journal, Mario Draghi’s support for the deal remains understated bordering on tepid: he suggested that the sceptical market response to Tuesday’s rescue deal suggested many doubted Athens would follow through on a promised austerity cure. “It’s hard to say if the crisis is over,” he warned.

* Commerzbank AG Chief Executive Martin Blessing yesterday said of the Brussels deal, “The participation in the haircut is as voluntary as a confession during the Spanish Inquisition”.

In summary:  If Greece does not default by March 20th, it will be an outright shock to A&G since so many major players in the secret contagion 'game' are working very hard behind the scenes to make sure it does happens.  The goal is to cut off the financial bleeding at Greece before spreading to bigger and more important nations that require too much funding to bail, and because many believe they will be insulated by any financial blowback, thus the potential for a financial tsunami turning into a ripple.   

We believe they are wrong on both accounts.

Greek bailout update 2/23/11

We stated the other day that the G-20 meeting in Mexico may present itself as the first sincere and major impediment to all the corrupt leaders and bankers pushing the 2nd Greek bailout through.

A&G has made no secret we hope it fails and Greece defaults...

Bankers, financials and investors Must finally feel economic pain... Its been 40 months since Lehman Bros collapsed and all the economic powers of the world, mainly the US, did everything humanly possible (create $ out of thin air and give to evil banks) to protect them...  It Must end at some point.

Here's more optimism that outcome will come about:

"Germany's ruling parties are to introduce a resolution in parliament blocking any further boost to the EU’s bail-out machinery, vastly complicating Greece’s rescue package and risking a major clash with the International Monetary Fund... The IMF has hinted it may cut its share of Greece’s €130bn (£110bn) package and warned that its members will not commit $500bn (£318bn) more in funds to ringfence Italy and Spain unless Europe beefs up its rescue scheme.  " -- Telegraph UK

We've been burned so often on this issue..  The baddies always pull something out of thin air (or their asses) and 'win'... But at least as of today, it looks more promising of a Greek default than 4 days ago...

Dow 13,000: April 2007 vs Today

~ April 23, 2007 New Yorker

Today it looks like the market will reach the 'magic' 13,000 mark, or at least tease it.   Shouldn't be a surprise to people to see the Dow so high yet the everyday economic conditions for most people deteriorating when you realize the Fed has pumped $7 Trillion into the US markets specifically (not counting the Trillions given to corporations and foreign banks) since 2008

And because the term 'trillion' gets so diluted in its meaning when its spoken of repeatedly, here's a very brief reminder of what a trillion dollars looks like:

$7,000,000,000,000  --  A '7' followed by 12 zeros 

If the Fed had chosen to spend $7 Trillion dollars to bail out the American people instead of banks, financials, corporations and the stock market, every man, woman and child that make up the 310 million population, would have received $22,580 each.

Talk about Really stimulating the economy..

But let's move beyond that...  let's do a little time travelling, back to when the stock market hit 13,000 for the first time ever (April 25, 2007) and do some compare/contrasting to see if things are truly better or not...

~ April 23, 2007 cover: JaMarcus Russell turned into a Big star didn't he?

_____

* Unemployment rate in April, 2007 was 4.5% with 6.8 million people without jobs.  

In January, 2012, it was 8.3%.  

Let's pretend for a moment the Bureau of Labor Statistics didn't purposely fudge the numbers by counting those given up looking for work as not unemployed, 'officially' 12.8 million Americans are out of work, an increase of 6 million people.

* Housing starts (building of new homes) was at 211,900 for April, 2007.  

In January, 2012, the number was 197,900.  

So 14,000 less homes are being built even though the US population grew by 8 million people in 4 years (302.2 mil people in '07; 310 mil. people in '11), and interest rates kept artificially low for an insane period of time.

* Consumer Confidence in April 2007 was listed at 106.3.  CNN/Money at the time described the prevailing mood as "consumers shrugged off record high gasoline prices and falling home values, focusing instead on gains in the stock market and a strong employment picture."  

January, 2012, Consumer Confidence was 61.1, which was down from 64.8 in December, 2011 and overall down a whopping 45.2 points from April, '07.

~ Time magazine US & Global cover, April 23, 2007 - pathetic I know...

* National average for gas price in April, 2007 was $3.11.  

Today it is $3.59 according to Consumer Reports. 

Filling a vehicle with 15 Gal/week for 52 weeks in April 2007 would have cost a driver around $2,425.  Today if prices stayed as they are for a full 52 week year, the driver would pay around $2,800, an increase of $375  There goes that payroll tax cut savings...

* Average home price in April 2007 was $311,700 according to the Census bureau.  

 As of October, 2011, the average home price was $242,300, a drop in value of $69,400!! (22%) in a span of only 4.5 years.

____

I think you get the point...

So when you hear the media trumpeting terrible statistics as progress or 'recovery', try to put things in a more proper perspective..

And don't be celebrating Dow 13,000 too hard...

~ Amazingly, this was the cover on April 23, 2007, 18mths before election

Default looking more & more likely

Very brief post..

Its looking more and more like all those politicians, bankers & financiers who negotiated for 12 hours in Brussels for a 2nd Greek bailout basically wasted their time, because it is looking more and more like the March 20th default for Greece is still on, and perhaps, may occur even sooner, if all things progress without any more Insipid meddling...

"Fitch (credit rating agency) said it was downgrading Greece to “C” from “CCC,” and would follow up with further downgrade to a “restricted default” when the (Greek) bond swap is completed.’" -- Reuters

So what does that mean?  The main bond swap is scheduled for March 10, and at that point, Fitch will name the event as a technical default. What is the ramifications for credit-swap insurance?  That’ll depend on what deal, say, Hedge Funds have signed with specific insurers.  But you could certainly speculate that some insurance will be triggered.

The downgrade is an early blow for those who put the Brussels accord together just 36 hours ago….and quite possibly a victory for others who always wanted it to fail.

Like us at A&G

Another day in the Greek soap opera...

Another day in the Greek soap opera...  A reason to 'Hope'.. yes we know we've pooh-pooh'd the term viciously in a precious post but cut us some slack at A&G... Monday was a depressing day.

Less than 24 hours ago, evil, self-centered Greek politicians worked in concert with European and global banking interests to destroy Greece once and for all via a 2nd bailout 'officially' at €130bn but really at €245bn.    

Yes, Monday was a downbeat day to be sure... especially because banks, investors and the market were so upbeat on the news, and any time they're smiling, it must be something awful...

But, alas there's hope it will still unravel and Greece will default by March 20th:

"At a G20 summit in Mexico in two days the EU will plead for increased IMF contributions by non-euro countries to help shore up a eurozone "financial firewall" seen as vital to protecting Spain and Italy from Greek debt contagion.  The IMF will refuse to make extra cash available to the EU and will threaten to pull the plug on its contribution to Tuesday's €130bn bailout of Greece unless the eurozone creates a €750bn fund, a move opposed by Germany...

"Germany has opposed previous calls to merge the two funds because it will increase Germany's liability and exposure to a eurozone default by 50pc, an issue that threatens a serious Bundestag backlash or revolt against Angela Merkel's effort to get agreement on more aid for Greece."  -- Telegraph UK

We've all been down this road before, and the baddies seem to win so often that it seems foolhardy to get snookered in to all the day by day news...  but even though we lampooned the word a few days ago, A&G is hopeful the bailout will be derailed and the financial world be Forced to swallow some very Bitter medicine starting in late March.

Video: Understanding Greek bailout in 4min..

This post is on Greece but First thing First... The US media is Horrid!..

Dreadful and horrid..

Let's just state that upfront-- it is pro-corporation, pro-Wall St, constantly distorts truth to fit ideological purposes (whether it be Left v Right or USA #1) and will do everything in its power to brainwash every man, woman & child in believing in a faux 'recovery' with full credit given to the current President.

The US media refuses to cover the devastation and real-life suffering of this current depression-- those living in homeless shelters, tent cities or in their automobiles... the heavy dependence on government assistance-- food stamps, welfare, unemployment benefits, etc simply to scrape by.. the continual systematic destruction of the middle class...  The US media shows None of it.

And when it comes to Greece, the only headline they wish to trumpet is that Greece got a second bailout i.e.  problem solved, let the recovery commence.

For honest written journalism, we read British finance papers and the German publication, Spiegel.   And for televised news, we much prefer Russia Today (RT)

The above video is 4:15 long.  The interviewee is Rodney Shakespeare, a political analyst and professor of Binary Economics, and afterwards you should get a true understanding of where Greece and the rest of the world stands in terms of the Eurozone, global banking and how bad things are & continue to be for a nation that is for all intensive purposes, a colony.

If video doesn't show up or play, click link below:

http://www.youtube.com/watch?v=YnccQngx_AQ&feature=player_embedded

LEXUS ES (SPY)

Come insegna il gruppo VAG ....Il frontale e' una fotocopia degli altri modelli della casa con solo piccole differenze ,
Forse si salva il 3/4 posteriore.
Il cruscotto riprende il disegno della GS---(lo schermo Navi e' stato ridimensionato -forse sara' solo x la versione cinese,-origine di queste foto-)Terribile la zona comandi clima....!!!

MERCEDES A-CLASS (SPY)

Certo pensare allo stupore del 1995/1996, quando si vedevano per strada i primi spyshots di una mini-monovolume (all'epoca non esisteva neanche la categoria)con il logo a 3 punte della Mercedes Benz, marchio blasonato che fino ad allora aveva proposto esclusivamente auto di categoria superiore, molto superiore...ecco.. oggi a vedere questa berlina 5 porte piuttosto tradizionale (specie vista da dietro)quello stupore non c'e' ...anzi l'effetto e' quasi di rammarico e nostalgia per quei tempi.
Cmq sono curioso di vederla senza veli per un confronto vero con la BMW Serie1 e Audi A3.
Pronostico di vendite per il prossimo quinquennio?
Stravittoria e sfracelio di numeri per la AUDI A3 in tutte le sue varianti previste.

Grecian Soap Opera: As the World Yawns

Late last night (or very early this morning), the Eurozone and Greece's leaders after meeting for 12 hours, finally ended their little pow-wow essentially agreeing to cut the nation up into little pieces, once & forever killing off Greece as a democratic, sovereign nation.

And for all the things agreed upon which will undoubtedly turn investors, banks and other profiteers' tiny little willies into small chubbies in celebration of non-default (amazingly its been 40 months since Lehman Bros. and financiers have yet to suffer a genuine loss), here's the most important thing to take from the meeting:

"To make sure all goes smoothly, Big Brother will be watching. Permanently. The troika (made up of the ECB, IMF and EU), will have an "enhanced and permanent presence on the ground in Greece" to make sure the country holds up its end of the bargain."  Telegraph UK

In other words, the technocrat, Papademos and the other Greek political filth were so eager beaver to get a financial aid package provided to them (which practically every penny goes to creditors and not the nation itself), that it declared April's elections to be mute, since a 'permanent presence' of banking technocrats will be running Greece's finances.  And make no mistake, this economic colonization will last for decades if not forever since it will be forever and a day before Greece ever grows its economy again to productivity.

And if the Grecian people ever want their nation back, they better start channeling their violent passions not at local merchants and buildings, but at those specifically responsible for this shame.    Last year it was Arab Spring.  Now is the time for a Grecian Spring.

I still believe Greece will default in late March and trigger a much needed market correction.  There's still too many variables at play and nations like Netherlands and Germany have been openly saying Greece should just default and leave the euro on its own.  So still many twists and turns in this soap opera.

But for today..  Greece, you just Officially became a colony.

ΥΓΕΙΑ!!  (Greek for 'Cheers!'; Phonetic Pronounciation: Yamas)

Incompatibility- Democracy & Bailouts

About 3-6 months ago, former Greek Prime Minister Papandreou wanted to hold a national referendum to decide whether or not to accept the deep austerity which would be needed to secure the bailout funds from the EU, EBC & IMF troika; let the people vote.

Don't know if he was truly sincere or a political bluff to curry favor from the populace, but the European leaders were Horrified!  Democracy??  People making such an important decision about their own country??  My God!!  Sacre Bleu!!

Germany and France then set up emergency conference calls and meetings, turned the thumb screws pretty hard, and thus bullied & intimidated Papandreou to back off his referendum.

Fast forward to the present.  Everyone knows Greece needs more money, the troika want more financial 'blood', and don't trust the Greeks to keep their word and implement the austerity they promise.  Some Greek leaders have even publicly stated they agree now and after the April election, will re-negotiate terms.

This has Germany quite nervous and sickened...  So what to do?   Germany's Finance Minister Schauble has an idea: if Greece wants its money, then postpone elections...

"The German finance minister wants to prevent a “wrong” democratic choice. Similar to this is the suggestion to let the elections go ahead, but to have a grand coalition irrespective of the outcome. The eurozone wants to impose its choice of government on Greece – the eurozone’s first colony...   It is one thing for creditors to interfere in the management of a recipient country’s policies. It is another to tell them to suspend elections or to put in policies that insulate the government from the outcome of democratic processes." --  Financial Times

Let's re-state this, because its truly important to understand:  Germany wants Greece to either suspend their April elections because they're afraid the newly elected people won't do as they wish, or have elections that will be ultimately completely meaningless for the troika will appoint all members of a coalition, much in the same way they appointed the current technocrat (bank lackey) Papademos who is trying everything short of infanticide to force Greece to capitulate its autonomy and future as a nation.

Imagine if China, the 2nd biggest holder of US debt told us to postpone our elections or we wouldn't get any more money...  just Imagine the reaction.. I don't even need to type it...

Greece needs to default.. now!  Today..  No warnings.. no prior notice... Default and punish those who richly deserve financial pain-- banks, financials and investors.

Actually, the German Finance Minister really wants this as well:

"(Schäuble’s) preference is to force Greece into an immediate default... (the) proposal to postpone elections as a targeted provocation intended to illicit an extreme reaction from Athens. If that was the goal, it seems to be working... The German strategy seems to be to make life so unbearable that the Greeks themselves will want to leave the eurozone"  -FT

The Greek people have taken a lot... how much more will they take?

HYUNDAI i20 RESTYLING (PS)

Hyundai copycat...
Alla fine il risultato non sarà neanche brutto, ma sicuramente assomiglierà sin troppo agli altri modelli della casa.

IVECO STRALIS 2013 (SPY)

Iveco showed the Glider Concept on the IAA in 2010. Two years later, on the 2013 edition of the show they will show their ‘new’ Stralis.

Mailbag Q & A -- 2-17-12

Well its Friday afternoon.. a 3 day weekend approaching with the US market closed on Monday to honor Presidents Day , a holiday we celebrate with sales at department stores and... well, really that's it.

So time for another wonderful, exciting installment of 'Mailbag' where we try to answer questions as concisely and truthfully as possible.. ~rubs hands together..  let's just delve in...

Q:  I disagreed with your last posting on 'Hope'.  I think Hope is wonderful and vitally important.  Without it, I probably would not have won election and I think we all can agree we're much better off for it.   Speaking of which, how do you see my chances in the upcoming election? -- B.O.  Washington, DC

A: Well B.O., "Hope" is a wonderful thing when a child possesses it.  The innocent naivete they demonstrate to the realities of the world is quite sweet and precious.   In an adult, its simply repugnant.

As for your chances at re-election, under normal circumstances, it should be a slam-dunk that you'd be a one-term President.  You are fortunate that the Republican party does not have a single candidate who's genuinely in touch with economic Reality, nor ethical enough to be trusted to be any different than you've been. Let's admit it Mr President, with the exception of gay rights and abortion, your policies are truly no different than George W Bush.

You really do not deserve that 'D' next to your name.

~ Andrew Jackson (7th President)-- vetoed the Bank of the United States in 1832 because it hurt the farmer and everyday man at benefit of the banker & financier; a great President

Q:  So tired of all the non-stop doom and gloom coverage about Greece and how you attack the stock market.  Today we almost reached the 13,000 mark which is the best in nearly four years.  Its going to keep climbing and nothing you can do about it.  How do you like dem' apples?  -- Gree D. Fooker, New York City

A:  Perhaps you could bring those 'apples' over here so I could take a mallet and smash them into applesauce.   Oh, I kid, I kid..   Anyways, where to begin--  if not for the Fed Reserve spending Trillions to prop up the most evil, soulless vile people's means of making a living (people like you Mr. Fooker), the Dow would be around 6,000.  That would accurately reflect the True state of the US economy.  Second, we shall see who laughs last by late March when Greece defaults chaotically, the banks & investors take a bloodbath and triggers a much needed market adjustment i.e. crash.

So I 'Hope' you're invested heavily Mr. Fooker... 

~ Pres. John Tyler (10th President)-- vetoed Second Bank of United States in 1841 for same reasons as Jackson, first VP to become Pres. establishing the right of succession, annexed Texas

Q:  I love playing the stock market.. I guess you could say I am addicted to it, much like a junkie needs a fix or alcoholic needs a drink.  I just Have to be investing or I will go nuts.  So if you had to invest in something, and I mean Had to, like as if your life was dependent on it, where would you put your money? -- "Stumpy", Boston, MA

A:  Well Stumpy, that's a difficult question because I can not begin to relate to the addiction you possess.  The need to constantly put your money at risk and always seek out profit, I can not begin to relate to, since unlike you, I am quite content inside and do not have the empty hunger you are consumed with.  But I will indulge you.. if I had to invest, as in Had to, I'd invest in dollar store-related stocks because in this depression, $1 is an attractive amount to spend on greeting cards toiletries and whatever else is sold there. Those businesses are not collapsing anytime soon.

Happy gambling... um.. I mean investing!

~ Teddy Roosevelt (26th President)-- broke the Trust which were large corporations holding too much power such as Standard Oil & 1st Pres. to deal positively with Unions; Great man

Q:  You seem to get down on America in your postings sometimes, and even as a non-American, I get bummed oout.  What's it all aboot?  -- "Ottawa Otto", Ottawa, Canada

A:  Appreciate the Q because it gives me a chance to clarify some things.  I love America.  Very much in fact.  I won't wave a flag, say 'We're #1' and act haughty.. but overall, I love America;  love its history, its land, its spirit.

That said, I deeply dislike America's political leadership-- both in the past and the present.  Hate the two-party system that says only 'A' or 'B' is electable.  Also hate the mindset they brainwash upon people that when deciding a course of action, its 'A' or 'B'... never room for an option 'C' or 'D'.

Also hate its economic system.  They call it capitalism-- its not.  Capitalism is wonderful and is the most democratic means of people getting ahead and making a better lives for themselves and their families.  But like I said, that's not what America practices.  Instead the US applies "uber-capitalism" or ultra-capitalism or 'trickle down' capitalism.  Wealth is held in abundance by the very top 1% and the only way the bottom 99% can benefit and economically grow is if the elite 1% can control or profit from the means.

Think of it as a pizza pie.  The top 1% take 7/8ths of the slices.  The rest have to fight and scratch and claw for a slither of the remaining slice.  And if lucky, the elite will toss down some leftovers for the masses to fight each other over.. like rats.  The 1% control finance.. control the markets... control politicians and control elections.

The bottom 99%  seem to be too busy eeking by a living, trying hard to compete with their family and neighbors to buy/possess the most expensive 'stuff', and/or distracted by sports, entertainment and mindless celebrity gossip to gather together and try to change the system for their benefit.

So in summary Otto, I love America & love capitalism.  But i deeply dislike American political leaders, hate the bastardized form of capitalism which is in play and feel great frustration that so many people choose to be self-centered ostriches.

~ FDR (32nd President) -- his 'New Deal' policies got millions back to work at fair wages; instituted social safety nets; popular enough to win four terms in office; a super-Great Pres..

Well, that's all the time we have for mailbag...  a long weekend awaits...

Hippity Hoppity Hope

The market spiked up about 125pts today, mostly based on hope..

"Greek Deal Hopes" as AP put it..

I think after 3 and a half years, there isn't a word in the entire English language I despise and loathe more than that empty, meaningless term...

Hope.

Hated it when a charlatan of a President used it in his 2008 election bid.

Hate it even more when it absurdly drives the stock market up and up.

Hope.

As in "I 'hope' it doesn't rain.. Now I have zero control over whether it does rain and my wants/wishes do not matter a damn whether it will rain...  I simply 'hope' it doesn't."

Hope..  Hopium..

Everyone must believe all will get better..  Just wish it.  Pray on it.

Hope it.

~ "I hope things get better, I hope my Daddy finds work & I hope for a pony"

Few to none with the power and means to make things better actually take the necessary steps to ensure things do get better..  Not the smartest way to get re-elected;   Not the smartest way to lock in or expand profits,

They just fudge the stats... fudge unemployment findings... fudge housing data, consumer spending, consumer confidence, GDP figures..  Fudge Fudge..

Fudddgggeee! as Ralphie from 'A Christmas Story would say.

And who questions?  Who wants reality- to admit depression instead of recovery?   Recovery sounds so much better.. just rolls off the tip of the tongue splendidly... Re-cov-er-y

And what hope is there that the parasites and vermin who make their living in the world of Finance have concerning Greece?  A deadline will be met to shore up a deal by Monday?  Wasn't there a deadline on Sunday Feb 5th?  And didn't it keep getting pushed and altered and adjusted?

And once the Greek politicians fully bowed down to their economic masters last week, wasn't that supposed to be the end?  Guess it doesn't matter to the investors and traders that Germany and Luxembourg's foreign ministers have both publicly stated that Greece is untrustworthy and it would be better if they simply default.  Or that many other European officials have declared enough of a buffer has been created, they're willing to risk what happens when Greece goes bankrupt.

Maybe they hope the US will ride to the rescue again and bail out the world again.  Or China will be the global economy's savior?  Or maybe Martians will come to Earth and bail out the banks and debtor nations of the world?

~ "I hope you do not look to me to save you.. busy dealing w/ Mars' economy"

Why not..  'Hope' doesn't cost money, take effort or use any brain power...

You simply declare an outcome you desire, then put your full faith and trust in people or entities which caused the problems to achieve it.  Or you put such faith and trust in nothing.   You can be right.. you can be wrong.. no one is going to sue you or take you to task for hoping.

In fact, your simpleness will appear quite endearing and sweet.

So maybe I will give hope a try as well..

I hope Greece defaults.  I hope it pulls the global markets down to 2008 levels and lower.  I hope it causes deep financial pain and suffering for banks, investors, traders and anyone else who profits excessively over people. I hope the reverberations force government to start enacting policies to help everyday people and not the top 1%.  I hope Obama loses in 2012 and I hope a third party candidate comes out of the woodwork who isn't immoral, unethical or owned and beholden to Wall St to defeat him.

Lastly, I hope 2012 becomes the death of assumption based 'hope' and the birth of genuine reality-based optimism.

One can hope...

~ "I hope no one notices my fingernails color contrasts with my dress"

Profiting off Whitney's death.. part II

The other day we wrote how CBS, Sony Records and Apple's iTunes sought to financially profit from Whitney Houston's death..

She passed away last Saturday.  Her funeral is this coming Saturday.

And in between, another vulture-- a scummy real estate broker who is putting her New Jersey based home is up for sale at a price of $1.75 million.

From the CarProperty.com ad:

“With the recent passing of Whitney Houston in Beverly Hills, Calif., the day before the 2012 Grammy Awards show, it is with a heavy heart that we remind you of this great mansion. Whitney contacted us directly a few years ago about selling her house and even though she had it listed with various agents in New Jersey, we have kept the word out for her to car collectors, enthusiasts and the entertainment world...

"This house was also the scene of the activity that brought down this incredible musical diva over a 15-year cycle. The mansion was also used in the filming of a 2005 reality show in which she and her ex-husband appeared at the pinnacle of Whitney Houston’s fall from musical power and grace.  With all of this incredible star studded history, if you owned this house you would always have these incredible stories to go with it. A great conversation piece for anyone.”

That ad is not made up by the way...

I am not a Whitney Houston 'fan'- great voice but her music was not my cup of tea.   Nonetheless, every person who passes away deserves some semblance of dignity..

Getting into financial shape

The headline from AP today: Dow sees worst day of 2012

I don't know about that.. Dow dropped -97 pts... we'd call it the Best day of the calendar year.   Would have been better if the drop was triple digits, and goodness knows if it ever dropped quadruple digits, causing Sincere & Severe financial pain for banks and investors, I think the response at A&G would be akin to a emotionally intense non-sexual orgasm.

So what else is in the news... lets see...

Ahh yes, file this under 'pathetic'-- Dem and Reps agree to speed up the destruction of Social Security by extending the payroll tax so common people can take home an extra $15-20/week while affluent people pocket $150-200/wk and none of it goes into the retirement fund.  And of course if employees don't have to put money into Social Security, neither do  employers have to match.   But its election year and people prefer to live in the 'now' so everyone's happy...

Nice to see government being so generous while holding a National Debt over $16 Trillion and projected to reach its ceiling by August which means the $2 Trillion extension voted upon by Congress last summer will have only lasted about 14-15 months.

Eventually everyone's taxes will go up.. unless Presidential elections suddenly become a yearly event.   The only reason the masses have not clamored loudly for such increases is that well, people are self-centered.  If taxes had to be raised 3% for them but would also be raised 30% on the wealthy, most would be against tax increases.

Economy and budget is not complex, no matter how much government makes it seem or sound.  The biggest difference between yourself and a government is their numbers are larger.

Example:  Person makes $50,000/yr. After taxes, its $35,000.  The total of bills, credit cards, expenses, etc. is $40,000 (a yearly deficit of $5k) and he/she has $20,000 in accumulated debt.  There is $2,000 in his/her savings account.

Now.. how does he/she get out of the red?

Unlike the US government, a person can not simply go on their computer, and print out enough money to pay the debt interest to keep creditors at bay, then keep on spending as before.  When an individual tries to do it, its called counterfeiting.  When a government does it, its called sound fiscal policy.

There's three ways to get rid of the debt based on the example: 1) Spend less which on an individual level, is equivalent to a government slashing its budget.,  2) Generate more income which is the same as a government increasing its revenue stream via taxes, tariffs and tolls, and 3)  A combination of 1 & 2.

Now if one does option 1 or 2, the process will be slow.  Sure one may cut your cable bill or less times eating out per month, but to get debt down seriously, real sacrifices have to be made-- get a cheaper car, relocation to a different home or apartment, etc.  These cuts will be unpleasant.  Government tries to do everything possible to avoid making such cuts.  Rolling back benefits and services increases the chances politicians won't get re-elected.  Well then again, government doesn't mind cutting back on services and benefits to the very poor.  Statistically, they are uneducated, uninformed and much less likely to vote than middle or upper class.

Now to avoid this option, one needs to dramatically increase income i.e better paying first job, or get a second job, handyperson work on the side, etc.  Now if one decreased his/her yearly income by taking a job that paid less, obviously that person is burying him/herself a deeper hole.   Really no different when the government gives tax breaks, payroll taxes and other discounts to to potential voters while cutting into their financial lifeblood-- their revenue stream.

~ "I manage my money like my body; both looking good"

So, what is the quickest and most efficient way to get out of debt?  A combination of cutting back on expenses and increasing revenue.  Both must occur simultaneously.  In the example, the person spends $5000 more than he/she is taking in after taxes.  If he/she makes $2,500 in cuts and increases the revenue by same amount, while it wouldn't cover the debt, it would eliminate the yearly deficit. That person would have "balanced" their budget for the fiscal year.

If the figures were increased to $3,500 in both spending cuts and revenue increases, that person eliminated their deficit and cut into their total outstanding debt by 10% per year.  And if the person does what government does annually-- spend more while bringing in a smaller paycheck, that deficit and debt is going to get to uncontrollable levels where real pain will be felt to reduce it.

The theory also can be applied to weight loss.  Reduction of food and exercise reduce weight quicker and more efficient than one or the other.  And the more weight one gains, the longer and harder to get it off.

Pretty simple basic logic...

But as we've said before, government has no incentive.  It is the reserve currency so it absorbs most financial shocks without the populace feeling it.  The people don't want any financial sacrifice or hardship even if it means the super-wealthy get hit 10-20x harder and start paying their fair share.   And no politician seeking re-election is going to run on a platform of his/her constituents feeling economic pain for long-term good.

One day hard choices will need to be made; a time when there is no option left.  It will be rough, many will suffer and we all will be deeply unprepared.

KIA K9 /OPIRUS (SKETCHES UFFICIALI)

Inspirata a vari modelli quali Maserati Quattroporte/ BMW GT / Lexus LS...
Sono molto curioso di vederla in veste definitiva.

Happy Hallmark Day!

February 14th.. 'Hallmark' Day was some of us here at A&G like to call it.

Funny thing about holidays-- with one or two exceptions (New Year's Eve and Labor Day), every holiday marked on the annual calendar cycle is celebrated incorrectly by people in relation to the holiday's original intent.  From St. Patrick's Day to Fourth of July to Christmas-- all religious or political meaning is purposely drained and replaced by consumerism and/or consumption.

Think about how holidays are celebrated today: St. Patrick's day becoming nothing more than an opportunity to drink green beer and for everyone of every race, religion and ethnicity to Pretend they're "Irish" while wearing green clothing.  Fourth of July is an excuse for a 3-day weekend to go to the beach, BBQ, drink and watch NASCAR.   And we know how bastardized Christmas has become over the last 50-60 years since it was first discovered how vital people buying presents for one another was to the economy.

Valentine's Day is no different.  Of course its lovely that a day is set aside for courtship and outward proclamations of love to those we care about.  It is fair to say however that if people demonstrated this on a consistent basis to their sweeties who mean the world to them, there wouldn't be the need to apologize for a calendar year of neglect with one grandiose day to make amends.

Many think Valentine's Day is a secular holiday.  It is not and not meant to be celebrated as such.  So here's a brief history lesson:

With the Roman Empire crumbling at all sides by a severely weakening economy and threats from all borders- the Huns, Slavs, Gauls and Turks, more and more capable men were required to to be recruited as soldiers and officers to protect the nation from takeover. When Claudius II became the emperor, he felt that married men were more emotionally attached to their families, and thus, will not make good soldiers. He believed that marriage made the men weak. So he issued an edict forbidding marriage to assure quality soldiers.

The Romans were in shock but dared not speak out on this edict.  Valentine saw the decree as a great injustice and took great sympathy on those denied the right to marry, so he would perform secret ceremonies.  It was only a matter of time before Claudius II came to know of this and had him arrested.

While awaiting his sentence in prison, Valentine was approached by his jailor, Asterius. It was said that Valentine had some saintly abilities and one of them granted him the power to heal people. Asterius had a blind daughter and knowing of the miraculous powers of Valentine he requested the latter to restore the sight of his blind daughter. The Catholic legend has it that Valentine did this through the vehicle of his strong faith, a phenomenon refuted by the Protestant version which agrees otherwise with the Catholic one. Whatever the fact, it appears that Valentine in some way did succeed to help Asterius' blind daughter.

While imprisoned, Claudius II met with Valentine but he refused to agree with the emperor regarding the ban on marriage. It is also said that the emperor tried to convert Valentine to the Roman gods but was unsuccesful in his efforts. Valentine refused to recognize Roman Gods and even attempted to convert the emperor, knowing the consequences fully. This angered Claudius II who gave the order of execution of Valentine.

Meanwhile, a deep friendship had been formed between Valentine and Asterius' daughter. It caused great grief to the young girl to hear of her friend's imminent death. It is said that just before his execution, Valentine asked for a pen and paper from his jailor, and signed a farewell message to her "From Your Valentine," a phrase that lived ever after.  Valentine was an expressor of great love but it wasn't emotional or sexual love but Christian love; the love of his faith.  

Valentine was martyred for refusing to renounce his religion and thus believed to have been executed on February 14, 270 AD. 

Honestly I don't see the masses ever altering how they celebrate Valentine's Day.  Most barely know the historic origins of Christmas or Easter, so it would be unrealistic to expect others to truly understand what Valentine's Day is about-- not love expressed for another person but to express Love of God; a man who would not convert from a belief and love in Christ to that of Roman idoltry.

As we said, Valentine's Day in the modern world, allows super-busy people one day set aside to make amends to their lover or spouse for being a complete bastard or bitch for the other 364 days.  And all the cards, flowers and candlelight dinners usually ends with sex, so who would pass that up, right?