Before I moved to Hawaii and became a Liberal,

I was a Texan.  I guess I forgot some of what that means.  I still don't care who has a civil union with whom – I don't peek in windows at night.  But the country is going to shit because we are letting it.  We ought to set some rules and start enforcing them at the grassroots level.  Big Brother isn't our friend.  He's our jailer and I for one ain't gettin' on that bus. 

Common sense is dead.  Friendly rivalry in politics is over.  I believe the ballot box has been stuffed – I don't care what political party someone claims – they are all the same, just owned by different crooks.  I think the country had been robbed and I think it's time to stop it.

This song won't stop it but it reminds me of home.

It's funny to me. I'm a Texan.

A girl from Oklahoma and a girl from Wisconsin were seated side by side on a plane.  The girl from Oklahoma, being friendly and all said, "So, where y'all from?"  
The Wisconsin girl said, "From a place where they know better than to use a preposition at the end of a sentence."  
The girl from Oklahoma sat quietly for a few moments and then replied, "So, where y'all from, bitch?"

It’s funny to me. I’m a Texan.

A girl from Oklahoma and a girl from Wisconsin were seated side by side on a plane.  The girl from Oklahoma, being friendly and all said, “So, where y'all from?”  

The Wisconsin girl said, “From a place where they know better than to use a preposition at the end of a sentence.”  

The girl from Oklahoma sat quietly for a few moments and then replied, “So, where y'all from, bitch?”

The fuse is being lit :(

“The fears of martial law in North America are not fears at all – they are observations.  It is cowardly to stick your head down and ignore the reality that we are being manipulated and deceived by traitors who control our governments. V The Fuse of Force, The fuse of absolute power and brute force always burns away.  But when it is burning it destroys many innocent lives.  The fuse that was lit by Hitler in Nazi Germany was short and highly explosive.  The fuse that was lit by the Communist tyrants in the Soviet Union was a long one and it took seven decades before it was finally put out.  But neither of these fuses of power match the fuse that has been lit in the dark halls of power by the traitorous banking overlords who control America and the West.  This secret fuse has been used to melt the freedoms of the American people, and the people of other Western countries.  A vibrant and open culture of freedom is transformed into a plastic culture of tyranny and death when the fuse of power is lit.  Once the fuse begins burning in a country, the sovereignty of the minds of the people is destroyed.  Then their wealth and property is stolen.  And finally they lose their lives, their dignity and their future.  The presence of military goons and thuggish mercenaries on the streets in a state of martial law merely confirms the obvious fact to the people that they have been betrayed by cunning and evil traitors in power.”

— The Excavator, 8/6/11

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What will happen when Italy 'restructures'.

All the investors who bought Italian bonds will want their money so they will turn to the insurance policies they bought to protect them against this very event.  Those insurance policies are called 'derivatives'.  Another name is 'credit default swaps' or CDS. Why does anyone care if a bunch of Eyetalian banks go tits-up?  Almost every CDS was written and sold by an American company back in the halcyon days when the government was guaranteeing them against loss.  They made billions selling them.  But they didn't stop at what they could afford.  Why should they?  So, as I have previously mentioned, there is about a QUADRILLION dollars in loan guarantees floating around.  No one knows.  It was all OTC and not reportable.  But a pretty good estimate is that JPMorgan/Chase alone has about 90 TRILLION dollars of exposure to any European loss.  They don't have it.  The US government doesn't have it.  No one has it.  Everyone who paid a billion dollars to insure a trillion dollars will lose all of it.  A lot of those investors are central banks.  Some are filthy rich people who bought into a private hedge.  Some are derivative-based funds whose investors include millions of smaller investors – like retirement funds – who bought in for a high return insured against loss. If one bank failed, they might get away.  If Italy restructures, none of those CDS will pay up.   

What will happen when Italy ‘restructures’.

All the investors who bought Italian bonds will want their money so they will turn to the insurance policies they bought to protect them against this very event.  Those insurance policies are called 'derivatives'.  Another name is 'credit default swaps' or CDS.

Why does anyone care if a bunch of Eyetalian banks go tits-up?  Almost every CDS was written and sold by an American company back in the halcyon days when the government was guaranteeing them against loss.  They made billions selling them.  But they didn't stop at what they could afford.  Why should they?  So, as I have previously mentioned, there is about a QUADRILLION dollars in loan guarantees floating around.  No one knows.  It was all OTC and not reportable.  But a pretty good estimate is that JPMorgan/Chase alone has about 90 TRILLION dollars of exposure to any European loss.  They don't have it.  The US government doesn't have it.  No one has it.  Everyone who paid a billion dollars to insure a trillion dollars will lose all of it.  A lot of those investors are central banks.  Some are filthy rich people who bought into a private hedge.  Some are derivative-based funds whose investors include millions of smaller investors – like retirement funds – who bought in for a high return insured against loss.

If one bank failed, they might get away.  If Italy restructures, none of those CDS will pay up. 

 

I am a retired Deputy Sheriff.

I never kicked down the door of ANYONE'S HOUSE, even when we had reasonable cause to believe the Symbionese Revolutionary army was in a house in our area.  I never kicked down the door at the Spahn Ranch – none of us did.

We knocked on the door.  The SLA had moved into LAPD's area the day before and Charlie Manson was hiding under the kitchen sink – but I was a police officer.  I had already done my tour with the Marines in combat.

Arresting citizens for videotaping ANYONE from their private property is perfectly legal.  SATIRE is not only legal, but healthy.  When it is suppressed, everyone will be at war and not just me.

Understand…I am not at war with my brother officers.  I am at war with anyone and everyone who wants to tear up the Constitution.  It's not a war of words. 

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