The Obama Recovery - And the Booming Need For Street BoardSign Men, Gold Buying Shops, and, Thrift Stores

A few days ago BS brought you the real deal about what might happen if the US Congress does not pass some sort of debt ceiling deal - http://barfstew.blogspot.com/2011/07/bs-of-usa-running-out-of-money.html - any number of things, but, NOT missing a payment on our debt interest - evidently. But, today, BS would like to comment on the obvious, that the media avoids at almost all cost, when talking about the current economic mess - what BS now calls The Obama Recovery.

Now, remember, BS hates BOTH parties - yet has NO interest in vacilating with the `great independent majority' between the two (actually one) parties either. As NEITHER party is worth the symbol that represents them - a Jackass and a bloated Elephant - well, come to think of it, perhaps they are worth those symbols. Indeed, if NOW isn't the time for the MSM to call the bluff of the worthlessness of the politicians and the two political parties, when is? (Since when should America be governed by parties with at most 25% individual support by the people? How can there NOT be another voice?)

As evidently everyone but the MSM knows, the only recovery since 2008 has been to the bankers and those retail stores of desperation - gold buying shops and thrift stores; then again, there has been a 4000% increase in the streetwalking billboard people, usually trying to get you to sell your gold, or for the going out of business furniture store (or similar). And, everyone knows, even though the MSM hardly mentions it - that the Obama Recovery was nothing more than saving the state governments asses during the downturn, with money to keep the state workers still collecting money instead of getting cut, and unemployed, like everyone else,  like they needed to be in 2008.

Now the new MSM term is a `jobless recovery' and the new worry of `slipping back' into a recession ---- hey MSM, get a f'ing clue - there has been no recovery. What a worthless MSM. Wouldn't NOW have been a good time to feature some folks who are NOT republicans and NOT democrats? Like a few Libertarians?

But, in about a year or so - both of these worthless parties will ask for your votes - on the government mouthpiece - the MSM. Please; BS asks you to -  for ONCE --- don't waste your vote by clicking ANY republinut or democrap. PLEASE. And know that as the MSM tells you that you waste your vote by NOT voting or voting for a third party - that the REAL waste is voting for the same worthless parties over and over.
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Frankly, I'd have the debt ceiling raised,..... oh, perhaps 500 billion dollars - so that it would sink in how the congress is overspending - again and again. Until we get some representatives who AREN'T repo's or demo's. To BS, every few months going thru the same charade may actually do some good at enforcing how worthless these members of congress actually are.
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Can the day be far off when the oil and energy producing states say ------ SEE YA -------- to the US Government? Why should those states support states like California? Wouldn't a `new country' comprised of Texas, Oklahoma, Louisiana and such be much more stable? Maybe the south itself should break off again? How long before the US `aquires' Canada and the oil producing areas of Mexico?
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Indeed, how bad are things really? -- Well, read this ----->
http://www.businessweek.com/magazine/why-the-debt-crisis-is-even-worse-than-you-think-07272011.html - yes, THAT worthless.
Here's a tease:
Even the $4 trillion “grand bargain” on debt reduction hammered out by President Barack Obama and House Speaker John Boehner (R-Ohio)—a deal that collapsed nearly as quickly as it came together—would not have gotten the U.S. where it needs to be. A June analysis by the Congressional Budget Office concluded that keeping the U.S.’s ratio of debt to gross domestic product at current levels until the year 2085 (to avoid scaring off investors) would require spending cuts, tax hikes, or a combination of both equal to 8.3 percent of GDP each year for the next 75 years, vs. the most likely (i.e. “alternative”) scenario. That translates to $15 trillion over the next decade—or more than three times what Obama and Boehner were considering......
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Thanks for Barfing Today
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How long has it been since you've read a political book?

The BS Of The USA `Running Out Of Money'

I would assume by now after over 500 posts that my BS take on the US government is known - worthless politicians. So, in this RARE total re-print - this is what really happens and what in all likelihood will happen when the USA `defaults' on Aug. 3rd:
http://www.cnbc.com/id/43899646
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The White House insists the U.S. government will not be able to stay current on all of its obligations as of Aug. 2 unless the debt ceiling is raised.

But can the government of the United States ever really run out of money?
The question is a bit more complex than it might seem. In some ways the government really is like every ordinary American family. It has a bank account. Every day the funds in that account grow by the amount of deposits that are made and shrink by the amount of withdrawals.
At the start of the day last Friday, the bank account of the United States government at the Federal Reserve Bank of New York had $83 billion in it. That day the bank received $7 billion in deposits, and saw around $13 billion in withdrawals. So by the end of the day we were down around $6 billion, to $77 billion.
Deposits come from tax receipts, air transport security fees, the postal service, Medicare premiums, and earnings from the Federal Reserve itself. Withdrawals go to pay for everything the government does: federal employee salaries, income tax refunds, NASA, interest on our debt, unemployment insurance benefits and paying defense contracts.
A big source of deposits for the government is usually the government selling bonds. And that’s where the debt ceiling comes in: if the government cannot sell any more bonds because it’s hit the debt ceiling, it won’t have the funds to pay for all those things it makes withdrawals for. That includes social security checks and interest payments on the debt.


So what happens next?


When the government writes a check, it goes to whomever is getting paid. The payee then deposits it in its own bank account. The bank then submits it to the Federal Reserve for clearing.
So far, that’s just pretty much the same thing that happens when anyone else writes a check. Except for something very strange—the Obama administration seems to be insisting the Federal Reserve would not allow the U.S. Treasury Department to overdraw its account.
Millions of Americans have overdraft protection on checking accounts that allow them to write checks in excess of the amounts deposited in the accounts. These are sometimes controversial because banks often attach high fees to overdrafts, which mean that you could put a $3 cup of coffee on your debit card and get hit with a $35 fee. But those kind of fees are generally waived for very wealthy bank customers who, ironically, enjoy feeless overdrafts.
When I was a lawyer I was never terribly wealthy. But I did enough business with my bank that it gave me a free overdraft. If I could have that kind of protection as a young associate in my 20s, shouldn’t Treasury Secretary Tim Geithner be able to get the same deal from the Federal Reserve bank he used to run?
In truth, the Obama administration is either fibbing or misunderstanding the financial system. The United States almost certainly enjoys unlimited overdraft protection from the Federal Reserve because there is almost zero chance the Federal Reserve would ever bounce a check written by the U.S. government.
Think about it. The check comes into the Federal Reserve. It looks at the U.S. government balance and discovers that we’re at zero. What does the Federal Reserve do?
I’m pretty sure the Federal Reserve would go ahead and credit the bank submitting the check with the deposit to account for the fund transfer.
Legally, this is a bit murky. It’s not clear that the Federal Reserve would be required to clear a check that exceeded the amount on deposit. It may be within its authority to reject the check.
But rejecting a check written by the government of the United States would probably violate the dual mandate of the Fed to pursue maximum employment and price stability. A U.S. government that bounced checks would just introduce so much chaos the Fed would likely be obligated by its core mandates to credit the check.
This leads to the next question: Would having the Fed credit the account of a bank that presented a check on the U.S. Treasury Department's empty account amount the incurrence of new debt in violation of the debt ceiling?


The law is not exactly clear on this point. The debt ceiling applies to the face amount of obligations issued under Chapter 31 of Title 31 of the U.S. Code—basically, Treasury notes and bills and the other standard kinds of government debt—and the “face amount of obligations whose principal and interest are guaranteed by the United States Government.” But overdrafts on the Federal Reserve wouldn’t be Treasurys and they aren’t explicitly guaranteed by the U.S. government.


They’re more like unilateral gifts from the Fed.


And guess what? The Treasury is allowed to accept gifts that “reduce the public debt.” Since these overdraft gifts from the Fed would allow the government to spend without incurring additional debt, it seems very plausible to argue that this kind of extension of U.S. credit would be permitted under the debt ceiling.
Notice that this would do something very odd. It would give the U.S. Treasury Department control of the money supply—something usually credited to the Fed. But by writing checks on an empty bank account, the Treasury would be inflating the money supply. It would be printing money to pay its bills, more or less. Monetizing its obligations, rather than borrowing or taxing to pay them.
In order to keep inflation under control, the Fed would have to intervene to soak up the extra dollars by selling securities.
Here’s how Peter Morici, the former chief economist at the U.S. International Trade Commission, describes it:
Now, the Treasury could print money to pay its bills, and the Fed could soak up the excess liquidity by selling its Treasury holdings. Between the Fed’s holdings of Treasurys, and Fannie Mae and Freddie Mac bonds and other securities held by the Fed, this drill could keep the government going and all creditors paid for another 18 months.
So the Treasury cannot actually run out of money. It can only run out if it decides—that is, if Secretary Geithner and President Barack Obama choose—to stop writing checks sufficient to pay all of our obligations.
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As BS said - worthless politicians.
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Thanks for Barfing today.
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Debt Defaults and Lessons from a Decade of Crises

The Racial GRASS Gap - In Cook County Illinois

As everyone in America knows - people of all races smoke pot. However, in our Presidents home state and hometown - guess what the ratio of black arrests to white arrests are for it? How about a 15-1 ratio on arrests and a 40-1 ratio on convictions? Makes you all warm and fuzzy inside, right? Justice in America. Total BARF to Stew about - http://www.chicagoreader.com/chicago/chicago-marijuana-arrest-statistics/Content?oid=4198958 - a PERFECT EXAMPLE of worthless politicians and MSM (who doesn't raise a peep). BS does Politics.
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Meanwhile.... Economy Faces a Jolt as Benefit Checks Run Out - of course worthless politicians will have a different spin - http://www.cnbc.com/id/43710397 - Stewable.
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Ready for a good, spooky Ouija Board story for BS's ParaNormal stuff? http://mylifewiththeparanormal.blogspot.com/2009/04/ouija-boards.html - Stewable. Scary. Strange.
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Mothman in North Georgia? - http://naturalplane.blogspot.com/2011/07/witness-north-georgia-mothman.html - as someone who lives in N.Georgia this was of interest - somewhat compelling. Lon Strickler delivers again. Stewable.
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The Silver Bridge: The Classic Mothman Tale
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Ready to Think BIG? Like a A Hotel with No Staff  - http://bigthink.com/ideas/38433 --- to BS the `funny' part of Robots is how the MSM will NEVER talk seriously that they are a real threat to ALL employment. MSM doesn't like the messy part of society advances.
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More, lookin for Bigfoot in the Ohio woods - http://bigfootsightings.org/2011/07/08/comments-tcsjr-bigfoot-youtube-video/ - with video.
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Here for the UFO stuff? How about a CLOSEUP - shot from an airplane - of a SKY ORB? - Holy Crap - http://northcarolinaufo.blogspot.com/2011/07/closeup-of-orb-shot-from-small-plane.html - BS.
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Here for the BS Gallery of sexy girls? - Here's a 10 http://www.hoseteens.com/models/olya3/samples/sample2.jpg BS Entertains.
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THANKS for your visit today. IF you would like to raise some cash, quickly, the BOOK buying service below has been used by many who come to Barf Stew. It is a great company to deal with and the lookup for how much any book you have is worth takes seconds. College Students - they love old textbooks.

Blacks O.J. Verdict Reaction VS Whites Casey Verdict Reaction - Barf Stew Beyond The MSM Chatter

BS waited all afternoon and evening on Tuesday - and thru the morning talk shows `coverage' of the Casey Anthony verdict on Wednesday - and NOT ONCE did I hear a comparison to the shown reactions of the `crowds' based on RACE on the MSM. Which is simply following the MO it always does; which is, NEVER bring up `race' when it could be viewed as NEGATIVE to the minority race. Right?

Remember the street jubilation, by blacks,  when O.J. proved that money can buy even blacks `justice' in America? The shouts of GLEE? The HUGE smiles? The huge FU's to the police. ----------- And, compare that to the angry white faces in the crowds around the verdict yesterday in Orlando! ---------------- Yet THAT DIFFERENCE doesn't even raise one comment from the MSM - the beyond worthless media. Totally worthless.

But, the Casey trial verdict means even more that remains unmentioned by the MSM. And, that is HOW THEY FU@KING WASTED AMERICAS TIME! How they ignored 1,000's of things more important to Americans! How they stooped to the lowest of levels for `entertainment'? How all their so-called EXPERTS have Egg on Their Faces!?

When will we hear THESE opinions of Normal Americans about the MSM, by the MSM? Will they EVER get it right?
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Since the recent Google post about the words `when will the united states' produced such an interest -- Barf Stew figured - why not Google `Why does the United States' and see what comes up:
http://www.google.com/#sclient=psy&hl=en&source=hp&q=why%20does%20the%20united%20states%20import%20oil&aq=0&aqi=&aql=&oq=&pbx=1&bav=on.2,or.r_gc.r_pw.&fp=188253189446e502&biw=1093&bih=603&pf=p&pdl=3000
why does the united states import oil 
why does the united states have a two party system
why does the united states support israel
why does the united states use so much energy
why does the united states help other countries
Once again, Google enlightenment. Stewable, of course.
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Hanging out waiting for the BS Gallery? - http://photo.qip.ru/users/gauri/3095020/65034414/full_image/ More of the Russian Candids. BS Entertains.
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What would happen if you taught monkey's to use money? Would they like `bargains'? Would they sell sex? - http://www.nytimes.com/2005/06/05/magazine/05FREAK.html?pagewanted=all BS.
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What happens to all the great links AFTER they make BS? - http://www.squidoo.com/AnomalyManArchive --- my real connection to the anomalous.
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Meanwhile..... Abhaxas Dumps Details of the Internal Florida Voting Database Online - http://www.zeropaid.com/news/94099/abhaxas-dumps-details-of-the-internal-florida-voting-database-online/?from_rss - then again, you knew it was rigged anyway. BS. Does Politics
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Finally for today on BS, a bit of ParaNormal - Out Of Place Artifacts:

Pseudoarchaeology: Marine archaeology in the Gulf of Cambay, Alfred Rosenberg, Thule Society, Out-of-place artifact, Zecharia Sitchin

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Content is all over the sidebar - take a look. Thanks.
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Nearly Half Of America Says U.S. Nearing Great Depression: CNN Poll

To me, the near hilarious part of our MSM, that endlessly repeats the government and business (advertisers) lines of crap - is that when REAL info is available about opinions - that IN NO WAY represent what the MSM says 24/7 - they say it ONCE and go onward ignoring the TRUE feelings and understandings that the viewers know. Talk about a WORTHLESS media! - http://www.huffingtonpost.com/2011/06/09/nearly-half-of-americans-fear-depression_n_874406.html?icid=main%7Chtmlws-main-w%7Cdl1%7Csec3_lnk1%7C215615
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Now, you don't think that Americans feel like above because ...... US Is Nearing Even Worse Financial Crisis: Jim Rogers - http://www.cnbc.com/id/43328325 - Barf Stew Does Politics.
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OR, that we have a government who does this?

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Now, you wouldn't think that Americans are finally catching on to the Truth do you think? Such as this investigation! - PROOF OF SECRET MULTI LEVEL UNDERGROUND BASES :

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WTF? Right?
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Did Neanderthals cook their food? -- http://averyremoteperiodindeed.blogspot.com/2011/05/raw-and-cooked-caveman-redux.html -- a priceless blog that I have a few articles ready to bring to BS readers. Stewable.
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The Humans Who Went Extinct: Why Neanderthals Died Out and We Survived

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BS Entertains - The Daily Sexy Picture - http://i.imgur.com/NRUpZ.jpg - wow.
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 - Future Collector Item?
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On Saturday evening - two TRIANGLE UFOs were seen in the USA - here links those reports and PHOTOS - http://theanomalymanlisting.blogspot.com/2011/06/triangle-ufos-photographed-in-salt-lake.html
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Not many folks present themselves as an Esoteric Researcher - here's one - http://www.chadstuemke.com/home/ - BS.
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