Showing posts with label the perfect storm. Show all posts
Showing posts with label the perfect storm. Show all posts

Saturday, March 12, 2011

4th and final Deja vu perfect storm,Putting the last nail in the coffin:


Thursday, May 29, 2008 Remember this is three years ago not today and think about everything, the big picture of what is happening today!

perfect storm,Putting the last nail in the coffin: Are the oil companies doing Bush's heavy lifting and Bringing America down so he can take control?

You see the way the economy is tanking and bringing the lives of many average Americans down because of a purposely created financial house of cards. I have tried numerous times to get people to realize it was going to cave and that it was set up for Bush by Allen Greenspan. I will spare you what I wrote on it but Michael Whitney articulated it well a few years ago with The Second Great Depression

At the same time the economy is tanking oil prices are being allowed to skyrocket affecting 100% of every aspect of our lives as you are all experiencing. As of yet I have been posing the question of how High the prices will go before many can no longer afford to drive to work and American Demographics are drastically changed as a result!

* This is going to happen again watch! 2008: Fuel suppliers demand airlines pay cash in advance By Carl Mortished and Amanda Andrews : Airlines are being forced to pay cash in advance for jet fuel as the major oil companies tighten the screws on an industry that is being crushed by an extraordinary surge in the price of crude oil. Sources within the airline industry indicate that credit is being denied to most of the leading American carriers and the practice is moving to Europe and Asia. So uncertain is the cash solvency of the industry that jet fuel suppliers insist on prepayments into special bank accounts.

 A credit controller at a leading European multinational oil company told The Times that the oil industry was moving to jet fuel prepayment. “It’s common in the US and it is moving to Europe. We have been moving to prepayment since Swissair went bust.” The need to put up money before delivery of fuel is a huge financial burden that has been shifted from the oil companies to the airlines. According to John Armbrust, a US jet fuel consultant, the oil industry had $5 billion (£2.5 billion) of jet fuel credit outstanding to airlines before the 9/11 terrorist attacks. Now they are demanding that airlines leave cash on deposit.

“The airlines can’t afford it. Traditionally, oil companies extended credit for 14 or 21 days and some as long as 30 days. Now, most American airlines are on prepay. South West is one of a few likely to still get credit.” The extent of the cash squeeze was highlighted last week when American Airlines said that it would charge $15 per bag checked even as it revealed plans to shed 75 aircraft, shrinking the airline’s capacity by 12 per cent.

 The price of jet fuel has risen by 60 per cent since January and American Airlines paid $665 million more for fuel in the first quarter of this year than in the same period of 2007. The credit crunch is likely to worsen and a number of financial institutions will fail, according to research from Atradius, the credit insurance group which conducted a global survey of its customers’ views of the financial outlook. Although Atradius said that companies expect the number of failures to be small, about 65 per cent expect there to be failures.

The group added that direct exposure to sub-prime lending is higher in Europe than in the United States even though the bulk of the sub-prime mortgage defaults are in the US and many of the securities these loans are packaged into would have originated from US-based mortgage companies.

“Some explanation for this may be investments by European companies in US securities offering higher returns and more frequent use of secondary financial markets to securities receivables by European countries,” it said. Atradius added that only 12 per cent of companies across the world do not expect an economic slowdown in the next year.

 In Britain, more than 90 per cent of companies surveyed expect a slowdown, the highest percentage. About one in six companies expects a slowdown of only the national economy; a quarter expect a slowdown of the global economy and half expect a slowdown of both. The expectation of a slowdown is also high in Mexico, the United States, Spain, Italy, France and Belgium and lowest in Sweden and the Netherlands.

Bush set in motion the demise of many average Americans with his implementation of new credit rules and Bankruptcy laws amongst a myriad of other laws designed to further reign in average Americans and enrich the wealthy further widening the divide between the classes.

 Over the years he has also had Greenspan setting up the demise of many average Americans with a banking, financial, and housing system designed to entrap many. Lastly the oil companies seem to be putting the last nail in the coffin raising prices uncontrolled to what has rapidly become a crisis level and at a very opportunistic time for Bush.Thursday, May 29, 2008

James Joiner
Gardner Ma
http://anaverageamericanpatriot.blogspot.com

Friday, March 11, 2011

Deja vu Part 3: Wednesday, May 28, 2008 An Update on yesterdays story The rapidly failing economy will change Demographics! It's moving Quickly and daily!


Wednesday, May 28, 2008
Deja vu Part 3: Wednesday, May 28, 2008 It's moving Quickly and daily! Look at our situation and remember this was 3 years ago.

Yesterday I posed the question At what point can Americans no longer afford to work where and at where they want but must settle for less to survive? I was just in the process of preparing an update to the situation based on what I read this morning but while I am putting this together I just heard an analyst scratching the surface of reality for the first time saying he sees $7 gas. I will guarantee you $10 and he feels it will begin to dictate where you live in the future. I will guarantee it in many instances. Bingo but it is already here!

Yesterday I said I have been thinking about much of this for years but at one time here in America it was thought of as Communistic or something! However the time has come. First I have to tell you, what is happening to our oil prices does not have me a happy camper. I would not be averse to the daily skyrocketing prices if I did not know speculators, the mega rich were driving up the prices, only to become obscenely wealthy at the expense of average Americans. I am insulted watching as the Average Americans life gets increasingly tenuous because of regulations put in by Bush to further enrich the affluent while squeezing you ever tighter and those that should don't frigging get it and Bush just denied it and carried on! .

The middle class has to be dropped a little lower and the purposely established new societal order Bush had been actively implementing at least since 2004 with a working class to service the affluent is almost finished. you see natural causes being allowed to do just that highlighted by Katrina and New Orleans. Anyway I am concerned this will all come to a head around election time and it will lead to total world chaos! I have written so many books, Pamphlets, Stories, Letters to Politicians, Media outlets, over the years I think I am ready to give up but it is happening!.With that said world wide chaos aside, this is all coming to a head societally and of late I have found myself wondering at what point can average Americans no longer afford to work? Or to have to relocate because of the price of oil and gas! I hate to say it but I see some positive things coming out of all this. I keep seeing stories of people hawking everything they own so they can keep ahead of the debt collectors. There are daily stories of people Hawking their gold teeth and Pawn shops doing an increasingly lucrative business. Our society was going the route of the Roman Empire which is normal in the cycle of life of a society. Bush has merely sped up that process along with everything else. work place killings, murder suicides, and mass shootings and killings are increasing as societal conditions get increasingly tenuous.


I can remember after 9/11 when the idiots in charge stupidly said no one is going to change our way of life! in the same token I remember when oil first started skyrocketing and gas at the pump started climbing. People stupidly said they'll never curb my driving. Well! in both instances even a fool can tell you, you are only saying "Thank You Sir give me another" You are just asking for things to get worse. as a little child I learned shut up or put up period and most people are to naive to realize that. as I said about any fool! At a time when gas prices are at an all-time high, Americans have curtailed their driving at a historic rate. The Department of Transportation said figures from March show the steepest decrease in driving ever recorded.Yesterday I highlighted that people are learning to compromise and some of you responded with your own adjustments. Today it is being felt deeper and moving rapidly! Consumers are feeling worse about their personal finances and prospects - far worse than government statistics about the economy would indicate. Only a few years ago, Americans who considered themselves middle class were scrimping to pay for their kids' college education. Now, many of them are struggling to cover far more basic needs - gas and groceries.

Take Stacy and Chuck Burris. The Pittsburgh, Pa., couple view themselves as solidly middle class. In recent months, however, they've felt anything but. Burdened by high cost of food and fuel, they are having trouble balancing their budget even though Chuck Burris earns a "comfortable salary" as a software engineer. The parents of five children, three of whom are grown, have essentially stopped eating out and entertaining and are considering canceling the annual family vacation to Maine. They keep to a Spartan shopping list and have planted a larger garden. Instead of buying their 12-year-old daughter summer clothes, they are turning her pants into shorts by cutting off the legs and getting hand-me-downs from family.

Never before in previous recessions have they had to cut back like this. "We are struggling to stay in the same place," said Stacy Burris, 47. "You don't mind pinching pennies to send your kids to college. You do mind pinching pennies when it's simply to buy some eggs." Many others nationwide are feeling similarly strapped. Recent consumer sentiment studies and polls show that Americans feel worse about their financial situations and the economy than they have in decades, even as economists debate just where things stands. And people don't expect things to improve anytime soon. "Consumers are very financially stressed, more than what's indicated by the job and income statistics," said Scott Hoyt, senior director of consumer economics at Moody's Economy.com. High fuel and food costs, coupled with miniscule raises and shrinking home values, led more people to report that their personal finances have worsened than at any time since 1982, according to a recent consumer survey by Reuters and the University of Michigan.

The future looks grim to them, too. Just one in five households surveyed expect their finances to improve during the next year, the least favorable in half a century. Three-quarters of those surveyed said they expected the nation's economic troubles to continue over the next year, the highest level since 1980. They predict the unemployment rate will jump by one percentage point to 6.0% by year end. "Consumers are the ones in trouble here," said Paul Ashworth, senior U.S. economist with consulting firm Capital Economics. Consumers are being pummeled by plummeting home values, a weak stock market and soaring grocery and gas costs. Weighing even more heavily on consumers is uncertainty about where the economy is headed, said Ken Goldstein, economist with The Conference Board. It's unusual to have such slow growth for so many months and Americans don't know how to respond. "What's really pushing consumers into a funk is the fear of what's coming next,

" Goldstein said. "You can't be sure you know exactly where we are or where we're going. Consumers are afraid that the light at the end of the tunnel is an oncoming train." That's exactly how Chris Ackerman feels. He said that he and his wife, who live just outside Seattle, find that their paychecks no longer cover their rent, student loans and daily living expenses. That is forcing the young couple to turn to their credit cards to make ends meet. They've already cut out much of their entertainment and trips to visit her family and friends 30 miles away. If gas and grocery prices continue to rise, Ackerman, who works for an importer, said he'll have to stop contributing to his 401(k) plan. He doesn't see many other options. "The worst part is looking to the future," said Ackerman, 25. "What if everything keeps getting worse. That's the scariest part. Is my grocery bill going to double again? What will we do?" Making a good living, but still feeling strapped

*"This is still 2008" Today I reiterate The compromises are just beginning and I hate to say it when this is done we will be better, stronger, and more serviceable and functional as a society but we have some changes to make. Gas prices have been increasing for 20 straight days. Here in New England it is the price of heating oil next year and beyond that has me concerned! As I keep hearing of hot gas compensation, a gas tax holiday, using our oil reserves, curbing oil co. tax incentives, I hate to say it people but you are screwed. They have your number, they know Bush is complicit, and Congress is worthless. This is just beginning and I see $10 gas at the pump in the not too distant future. What would that do to your lifestyle? Let me give you an idea!


** People have begun to evaluate their daily habits.Do I have to go out to eat? Do I need those trinkets? new clothes? Can I find a cheaper place to shop? A closer place? Do we need that vacation? Can we stay local? Aah Local now there is the key. There is our future. Go back to your roots. It is normal but most Americans are not use to compromise. Get use to it. I was wondering how much higher does the price of gas have to be before many people can no longer afford to work and would be forced to make a compromise that in the end may be better for them, society, and our communities? Think of your situation or maybe you don't want to but last weeks AAA study showed it cost an estimated $850 per month to own a car. You can handle that at at $10 an hour if you lived with your parents, had a room mate, or cheap rent. $20 an hour would do it and give you a comfortable place to live and you could own a house and continue to drive to work if there was 2 making that money and you were lucky enough not to get caught by those teaser rate mortgage loans. What it all boils down to is many people are screwed and if they are to make it we have to go back to the way society was in 1942 and we will be all the better for it though you may not like it!!

*** I see the necessity for people to maybe take a lesser paying job to stay local. I see a return to down towns. A resurgence of local life. a return of local stores, local theaters, and local points of concern and interest. I see a return of public interest in their cities,more concern over what is happening their, more community involvement. I do not like what is happening but I see it bring many families and communities back together as only hard times can and sadly you see it every day. It will soon be not because of natural disasters but our own man made disasters. We will persevere! How do you feel today?

Wednesday, May 28, 2008




James Joiner

Gardner Ma

http://anaverageamericanpatriot.blogspot.com

Saturday, June 07, 2008

The Bush Bubbles: War Bubble, Housing Bubble, oil bubble, energy bubble, economic bubble survival bubble, who needs a terrorist attack? Bush!


While fuel costs skyrocket bringing cost of living with it Bush thinks he’s helping and tax cuts must be permanent to help. WTF? US stock markets fell heavily in early afternoon trading on Friday after crude oil prices rocketed by almost 10 dollars a barrel to briefly break the 137 dollar barrier for the first time. The Dow Jones Industrial Average had slumped a hefty 272.76 points (2.16 percent) to 12,331.69 and the tech-dominated Nasdaq composite had dived 46.48 points (1.82 percent) to 2,503.46 at 1736 GMT. The broad-market Standard & Poor's 500 index retreated 25.62 points (1.82 percent) to 1,378.43. Traders said a sharp spike in oil prices had added to Wall Street's earlier losses. Stocks had been weighed down in earlier trading as a government survey revealed a sharp jump in unemployment. Wall Street's losses deepened as a key New York oil futures contract rocketed 9.91 dollars to a record 137.70 dollars per barrel before retreating somewhat. Hell I saw it closing in on $1400 myself! Major US automakers such as General Motors have blamed soaring oil costs for falling sales and the closure of production facilities while big domestic airlines, including American Airlines, have announced layoffs and flight cutbacks due to rising fuel bills. this is still just the beginning

Amidst this the stupid idiot continues to play the fool! White House counselor Ed Gillespie said aides to Bush are constantly looking at options for new economic proposals. "There's a short window for the president here when it comes to new policy. We understand that," Gillespie said. "So I guess what I'm saying is, don't rule it out." Gillespie spoke before a Bush speech on the economy, timed around the ceremonial swearing-in of the president's new housing secretary, Steven Preston. In his remarks, Bush stuck to promoting his existing economic policies. The government's $168 billion stimulus package, passed in February, began getting tax rebate checks to people last month and helped to energize shoppers. "We're beginning to see signs that the stimulus may be working," Bush said at the Department of Housing and Urban Development. But analysts believe consumers still are anxious, and a weakening job market could make people feel less inclined to spend. This, and talk that the economy already has fallen into its first recession since 2001, has led to questions about whether a second stimulus might be warranted.

* The first one provided rebate checks for individuals and extra tax breaks for businesses. The White House has insisted it needed to wait to see the full effects of the existing stimulus before discussing any new steps. The president did not unveil any new proposals during his speech, nor even hint whether he believes any are necessary. Instead, he called on the Democratic-controlled Congress to pass long-sought existing priorities of his, such as making tax cuts passed during his presidency permanent and allowing expanded oil exploration in the United States. "Unfortunately, these policies are being blocked by the Democratic Congress," he said. "I call on the congressional leaders to put partisanship aside and work with me to enact these important issues for the American people." Earlier Friday, a government report showed that the nation's unemployment rate jumped to 5.5 percent last month, the biggest monthly rise since 1986 and another sign of a deeply troubled economy. Dwindling job opportunities are combined with continuing hardship in the housing, credit and financial sectors.

Bush noted that a surge of young new entrants to the job market contributed to the worse-than-expected new numbers. But, he said, "It's clearly a sign that is consistent with slow economic growth." "This is a time of turbulence in the housing market and slow growth for our overall economy," the president said. Preston, formerly the head of the Small Business Administration, is to be Bush's point man on the slumping housing market and subprime lending crisis. He is likely to be the administration's lead negotiator as Congress and the White House work on legislation to allow the Federal Housing Administration to insure up to $300 billion in refinanced mortgages, including many in which the mortgages exceed the value of their homes. Bush Looking Beyond Stimulus to Spur Sluggish Economy, Aide Says

This friggen guy is sickening! our problems aren't because of young new entrants to the job market. It is because of one Decider one chief idiot! Yesterday in relation to a discussion on the fact that an attack on Iran is now imminent Larry who is just a wealth of information sent me a very timely article but I am afraid a terrorist attack before the election allowing Bush to cancel this facade of an election process and take control of us and his wars will just be the icing on the cake. It has been allowed to build up! Failing infrastructure, multiple natural disasters still not addressed, Oil prices going through the roof, gas prices, loss of homes, loss of jobs, an allowed timely so called terrorist attack would put the icing on the cake. We are in serious trouble here and I am sick of not being able to tell the truth! we better do something and quick!

** I want you to read this article as I have seen it before! The Last Roundup: Is the government compiling a secret list of citizens to detain under martial law? By Christopher KetchamARE YOU ON THE LIST? The federal government has been developing a highly classified plan that will override the Constitution in the event of a major terrorist attack. In the spring of 2007, a retired senior official in the U.S. Justice Department sat before Congress and told a story so odd and ominous, it could have sprung from the pages of a pulp political thriller. It was about a principled bureaucrat struggling to protect his country from a highly classified program with sinister implications. Rife with high drama, it included a car chase through the streets of Washington, D.C., and a tense meeting at the White House, where the president's henchmen made the bureaucrat so nervous that he demanded a neutral witness be present. In case of a wide-scale attack, the executive branch becomes the sole and absolute seat of authority. The country becomes, within a matter of hours, a police state Interestingly, plans drawn up during the Reagan administration suggest this parallel government would be ruling under authority given by law to the Federal Emergency Management Agency, home of the same hapless bunch that recently proved themselves unable to distribute water to desperate hurricane victims. The agency's incompetence in tackling natural disasters is less surprising when one considers that, since its inception in the 1970s, much of its focus has been on planning for the survival of the federal government in the wake of a decapitating nuclear strike.Under law, during a national emergency, FEMA and its parent organization, the Department of Homeland Security, would be empowered to seize private and public property, all forms of transport, and all food supplies.The bureaucrat was James Comey, John Ashcroft's second-in-command at the Department of Justice during Bush's first term. Comey had been a loyal political foot soldier of the Republican Party for many years. Yet in his testimony before the Senate Judiciary Committee, he described how he had grown increasingly uneasy reviewing the Bush administration's various domestic surveillance and spying programs. Read it and the updates it is not funny

*** We are in serious trouble and this perfect storm allowed to happen under Bush is about to come to a head! I don't care whose plan it is. They needed a mindless idiot to push this through and they elected the Cheerleader, the Decider, Bush! He is the enabler. Remember whose wars these are. Remember whose economy this is. Remember whose watch this all happened under. Remember McCain the war mongering so called "war hater" wants to continue this fiscal and world war mess as it is just beginning. We can not allow that to happen. If we have a chance at preventing what is about to happen we must come together and get Obama elected. At this point I don't know what other chance we have!

James Joiner
Gardner Ma
www.anaveragepatriot.com

Thursday, May 29, 2008

perfect storm,Putting the last nail in the coffin: Are the oil companies doing Bush's heavy lifting and Bringing America down so he can take control?

You see the way the economy is tanking and bringing the lives of many average Americans down because of a purposely created financial house of cards. I have tried numerous times to get people to realize it was going to cave and that it was set up for Bush by Allen Greenspan. I will spare you what I wrote on it but Michael Whitney articulated it wee over a year ago with The Second Great Depression

At the same time the economy is tanking oil prices are being allowed to skyrocket affecting 100% of every aspect of our lives as you are all experiencing. As of yet I have been posing the question of how High the prices will go before many can no longer afford to drive to work and American Demographics are drastically changed as a result! in response to yesterdays story Larry sent me a story that seems to be the beginning of the end for most Americans flying and it brought this whole mess full circle for me knowing Bush is allowing things to happen in this country until he can find an excuse to take total control of our America and stay in Power. Anyway first the story:

* Fuel suppliers demand airlines pay cash in advance By Carl Mortished and Amanda Andrews : Airlines are being forced to pay cash in advance for jet fuel as the major oil companies tighten the screws on an industry that is being crushed by an extraordinary surge in the price of crude oil. Sources within the airline industry indicate that credit is being denied to most of the leading American carriers and the practice is moving to Europe and Asia. So uncertain is the cash solvency of the industry that jet fuel suppliers insist on prepayments into special bank accounts. A credit controller at a leading European multinational oil company told The Times that the oil industry was moving to jet fuel prepayment. “It’s common in the US and it is moving to Europe. We have been moving to prepayment since Swissair went bust.” The need to put up money before delivery of fuel is a huge financial burden that has been shifted from the oil companies to the airlines. According to John Armbrust, a US jet fuel consultant, the oil industry had $5 billion (£2.5 billion) of jet fuel credit outstanding to airlines before the 9/11 terrorist attacks. Now they are demanding that airlines leave cash on deposit.

“The airlines can’t afford it. Traditionally, oil companies extended credit for 14 or 21 days and some as long as 30 days. Now, most American airlines are on prepay. South West is one of a few likely to still get credit.” The extent of the cash squeeze was highlighted last week when American Airlines said that it would charge $15 per bag checked even as it revealed plans to shed 75 aircraft, shrinking the airline’s capacity by 12 per cent. The price of jet fuel has risen by 60 per cent since January and American Airlines paid $665 million more for fuel in the first quarter of this year than in the same period of 2007. The credit crunch is likely to worsen and a number of financial institutions will fail, according to research from Atradius, the credit insurance group which conducted a global survey of its customers’ views of the financial outlook. Although Atradius said that companies expect the number of failures to be small, about 65 per cent expect there to be failures.

The group added that direct exposure to sub-prime lending is higher in Europe than in the United States even though the bulk of the sub-prime mortgage defaults are in the US and many of the securities these loans are packaged into would have originated from US-based mortgage companies.

“Some explanation for this may be investments by European companies in US securities offering higher returns and more frequent use of secondary financial markets to securities receivables by European countries,” it said. Atradius added that only 12 per cent of companies across the world do not expect an economic slowdown in the next year. In Britain, more than 90 per cent of companies surveyed expect a slowdown, the highest percentage. About one in six companies expects a slowdown of only the national economy; a quarter expect a slowdown of the global economy and half expect a slowdown of both. The expectation of a slowdown is also high in Mexico, the United States, Spain, Italy, France and Belgium and lowest in Sweden and the Netherlands.

* Weasel Dog pointed out growing Airlines Bankruptcies which will help in Bush's end goal! Airline Bankruptcies would also bring another bailout for us. What I was thinking about is that Knowing Bush's oil connections Sending me this just turned on a light bringing everything that is happening full circle. Leaving Bush once again to appear the hapless victim as he appears forced to action and have to take total control. Bush could put an end to all this as far as I am concerned. Her is the friggen Decider! We all see that the slime has the power to force whoever he wants to do whatever he wants. Bush set in motion the demise of many average Americans with his implementation of new credit rules and Bankruptcy laws amongst a myriad of other laws designed to further reign in average Americans and enrich the wealthy further widening the divide between the classes. Over the years he has also had Greenspan setting up the demise of many average Americans with a banking, financial, and housing system designed to entrap many. Lastly the oil companies seem to be putting the last nail in the coffin raising prices uncontrolled to what has rapidly become a crisis level and at a very opportunistic time for Bush.

** Many of you know If President McCain looks in jeopardy Bush will attack Iran before elections and with financial crisis purposely mounting will be justified cancelling our facade of fair elections in our facade of a Democracy and declare martial order so he can stay in control of his mess or have the complicit powerless Congress call for a Constitutional Amendment to keep Bush at the helm of his Forever war and new societal, middle east, and world order. The perfect storm to bring down this purposely created house of cards is upon us and almost gone full; circle!

James Joiner
Gardner Ma