Showing posts with label Obama. Show all posts
Showing posts with label Obama. Show all posts

Friday, February 28, 2020

Who Killed The Fake News Media, We Did!

The Fake News Media is dead and they don't even know it, or at least they are not willing to admit it as yet.

President Donald Trump has fingered them and the Trump supporters knew four years ago the fix was in to try to steal the presidency from President Trump.

We all know Donald Trump would never have been able to win the nomination and let alone the presidency if the Fake News Media had any pull.   Americans are gullible, but only to a point, beyond  which not even the dullards among us can be dragged kicking and screaming for the last three presidential candidates chosen for the republicans by the press.

I am speaking of Bob Dole who ran against Bill Clinton, the Harvey Weinstein like, politician from Arkansas with his wife Hillary Rodham Clinton, the terrible.  Dole was picked by the media but he was not the best choice at the time, he was past his freshness label, and Dan Rather was still king.

W. Bush was nearly pushed off in 2000 by the Media with last minute drunken driving revelations and Rather's AWOL report.

That W. Bush prevailed against the Media titans and their puppet masters, which were W's masters as well was the first hint that the Media had a chink in its armour.  A chink that would lead to the greatest fall ever for a "free press".

Bush faced the very effete John Kerry in his bid for reelection and Kerry was unable to throw a sitting president out of office even with a very compliant and cooperative press.   The mainstream media was losing its mojo.

Along comes the Obama phenomenon!  Finally someone America could get behind to bring the country together after the terrible Bush years.  Hillary Clinton, the annointed one, her its my turn attitude put a shine on the turd in the political punch bowl, BHO, that could not be denied.

BHO swept into office with a convincing victory over his mainstream media chosen opponent, Senator John McCain.  Again not the best choice from the field that year, but the press selected him and he lost to the great gifted possessor of the soothing baratone voice and an incomparable skill at reading from teleprompters.

Aside from those wonderful skills BHO was and is an empty Coke bottle, plastic not glass, not aluminum.

And what has the great BHO been spouting of late?  He has taken credit for the Trump boom by starting it all off back in 2009 with a phony stimulus bill which was stolen by everyone with a relative in office in Washington at that time.  Fly over America got bupkiss!

Fast forward to 2012, where 4 years of an inept BHO and his secretary of state, Hildie Bengahzi Clinton had completely trashed the middle east and ruined our economy.  Americans were ready for a change.

The republican field was full of promise, and least among them was Mitt Romney,  a former govenor of Massachusetts, and the father of Obamacare light which he put into his great state, thereby taking the strong arguing point against Obamacare off the table for this election.

But Mitt was selected by the media as the candidate most likely to fail against the great and formidable BHO.  And the republican voting public were helpless to defeat this.

America was burdened by 4 more years of the most inept administration of all time.  John Kerry moved into the SoS position, and Iran was given billions of dollars and euros, some in cash on pallets flown in on Airforce C 130's for a promise not to Nuke Israel for another 10 years.  And the media cheered!   And everyday Americans suffered the worst economic recovery ever, while insiders like Kerry, Pelosi, Biden's children were taking millions from the Ukraine, and many connected political families were enjoying lucrative government contracts.

And the American people in fly over country got bupkiss.

Was America ready in 2015 for a third Obama term which would be essentially what Hildur Clinton would represent or were they hankering for a third Bush in the WhiteHouse aka effete Jeb?

Fly over voters were pissed.  Nothing for them for 16 years!  Only quagmire wars in the middle east and higher taxes and lower wages if you could even get a job in this post-NAFTA nightmare economy.

Hillary Dud Clinton with the full backing and support of 100% of the mainstream media was a shoe-in as the 45th president of the United States.  Nothing could stop her, the colosus!

Nothing that is but her awful personality, her shrill voice, and her unpopular positions on how to govern.  Never mind she sold our uranium to the Russians and filled her Clinton Foundation with bribes while SoS under Obama 1.

Enter Donald J. Trump,  a common billionaire from Queens.  A man so genuine and grounded he is comfortable with Kings and commoners.  The Kings respect him and commoners love him.  He is a no nonsense nonpolitician who ran a brilliant campaign to win the electoral college vote and the election against an unworthy opponent who did not even campaign in the rust belt.

Hildur's calculations were off by a mile.  A majority of voters in the rust belt and fly over country held a very low opinion of Hildury.  Most felt if she could be bought for what she was worth and sold for what she thought she was worth, we could retire the national debt,  if we could keep the Bidens away from it.

The mainstream media pulled no punches to thwart Donald Trump's campaign.  The first blow was from Megyn Kelly at the first debate about referring to women as dogs, sluts, prostitites, etc,  etc, when Trump, off the cuff defused it with a rye, "Only Rosie O'donnell!

Try as they may the media's war on Trump only made him stronger.  One by one his lesser competitors dropped out of the race.  The media and the deep state were starting to panic.  Then NBC pulls out the last minute tape where a younger Trump comments about "grabbing them by the pussy."

But middle America was buying none of it.  Trump brought all the women Hildury's husband, Bill was accused of sexually assaulting out to the second debate and thereby pointed out the media's duplicity.  One set of rules for the democrat and another higher, much higher standard for Trump.

It worked.  Mojo mainsteam media-zero, candidate Donald Trump-100.

And now here we are three plus years into the Trump first term, with 95% negative stories out by the Fake News and he is stronger than ever.  This man fights, and has turned the American economy around for the common man.  He is one of us and not one of them, we, the American people love him and they loathe him.

The Fake News media is dead, long live he new news!

Joseph Biden Chancre, Sr  fellow, Urban Poverty Law Center

Monday, October 2, 2017

Thank You Jesus: Folks Who Never Kneeled In Their Lives Have Seen The Light.

The Kneelers and kneeling at National Football League events is a belated result of Born Again Christianity taking hold among America's most talented and now publicly grateful millennials whom all appear to be following Tim Tebow's epic move of personal prayer and worship after any divinely inspired great play. The kneelers are wrongly acused of disrespect to the country when only signaling a subservience to our Heavenly Father. Though I do question their sense of timing, I will not impugn their righteous motives. Our founders clearly foresaw the need for a Bill of Rights which thankfully includes freedom of religion and freedom of speech.

That their timing is a bit objectionable to our President and 82% of the NFL's fan base is regrettable. However, let us take a step back and place this in its proper perspective.

First, kneeling is beneficial to health. It has been shown to lower blood pressure and cholesterol levels by 30%. British subjects of the royal family kneel in homage to the queen in a show of respect and admiration. Catholic worshipers and Episcopalians still kneel during church services. Christians in the middle east when captured by ISIS are forced to kneel before decapitation on all the videos just to make it easier for the knife welders to reach the targeted areas of the neck. Let's face it nothing creates a greater spectacle than a botched decapitation, the quicker the better. The Japanese refused to decapitate any victim who refused to kneel during the Rape of Nanking, a little known fact.

When I was younger by 50 years, our football coach suggested we take a knee after a set of sprints to rest. He did not suggest we sit, or lie down, but to take a knee. I always placed my left knee on the ground with my right foot planted firmly in front of me and my right forearm would support my torso. In this position getting up was a snap all those years ago, now it would take a crane and an act of congress to get me out of this position so now I assiduously avoid this compromise.

Personally, I am able to look upon theses concussion addled superstars not with contempt but with admiration. Cerebrally speaking many are dullards, but their cerebellum, which controls coordination and aids athletes in their great skill sets, they are all Einsteins. This hysteria of the Kneeling by the Kneelers of the Kneeling Football League will pass and will be viewed by historians as the greatest mass hysteria event since global warming or say the American Left's love affair with Obama and Hillary Clinton, who are fading from grace with each passing State Department Email dump. The political espionage of the Obama-Clinton team against Trump is building just beneath the surface kept at bay by false flag stories such as the one mentioned here and the thin crust of irresponsible journalism and the Mueller, taxpayer money is not object, Russian Collusion Witch Hunt. In the end the truth will out the real collusion and it ain't Trump. Trump had no power, how many divisions did he have as a candidate? Well, enough to send the compromised and corrupt Obama-Clinton administration packing. Thank you, Lord!

I am a great fan of the San Francisco FortyKneelers. Mr. Kaepernick, take a bow for taking that knee! It has given the chattering classes and the working classes a harmless issue on which to disagree. Conflict sells advertising and keeps lawyers and gossips titalated. It is all part of the "bread and circus" act. And I like it.

While we can all agree that Antifa and Black Lives Matter, Kneelers and what they do before a game makes no matter unless of course you are a bug on the sideline who is squished by a big old sweaty knee. Oh the humanity!

Let us all be thankful for the great nation our ancestors begat us with the help of God and pray for the Kneelers as well as for the bug. So let us all move on and think of more important things, like when is Mrs. Maybolt going to get up and make my coffee or will congress pass any meaningful legislation this year, or what will be the next greatest nothing event in American popular culture, Charlie, E bit me finger, or will Milie Cyrus utter an intelligent line this year, or will 8 years be enough time for Hollywood to cope with Trump's election, and come up with a block buster, too? And now we've lost Jerry Lewis and Hugh Hefner, a man who photographed more beauties on bended knee than people who saved money with Geico or the Affordable Care Act combined, many, many more!



I am, only taking an imaginary knee in solidarity with our pampered NFL athletes for now and praying for America and Trump's continued success.

Jackson Delano Maybolt, President Urban Poverty Law Center

Hillary Clinton's picture in her head when she says "deplorable".

Saturday, May 20, 2017

Is It Time For The Investigators To Become The Investigated? Why A Convention Of States Amendments Will Fail To Save The Republic

The curious nature of these attacks against Donald Trump who has been in office only a short while smacks of desperation. The man has not even settled into the White House and already the entrenched political class is in a panic to remove him.

One must ask, what are they afraid of? Political corruption is at the base of Trump's problems. But not his corruption, it is theirs. The good ole boys and gals up on the hill have had it good without any adult oversight for many, many years. All funded by the sheep who could not bleat and had no real representation.

After Obama rammed through his unconstitutional enormous tax increase disguised as a health care plan, the sheep organized into Tea Parties, and sent the black sheep in congress packing. Democrats lost control of the congress and the lying replacement representatives calling themselves republicans promised to repeal the tax. These liars, who control the purse, broke that campaign promise and the tax/healthcare law continued unchallenged and in 2014 the Tea Party elected more republicans who lied again about repealing the healthcare law, and the senate changed hands from D to R.

Two more years pass and this new bunch of spineless politicians, huff and puff and send bills to repeal Obamacare and he veto's the bills. Meanwhile, the Obama administration is proving the most corrupt and anti-American administration in our short history. The borders are opened up to any jack-willie who can walk across a border. Hundreds of thousands pour into our country. Obama and Eric Holder export high power rifles to the Mexican Drug Cartels via Fast and Furious in a poorly thought out plan to bring draconian gun control issues to the forefront. A border patrol agent is murdered with one of these weapons, Mr. Terry.

Lois Lerner, the ice woman of the IRS has held up applications for conservative political action groups illegally with both the house and the senate in R territory and no meaningful investigation follows. Conservative patriots in True the Vote, are subjected to the full weight of investigations by EPA, IRS, and FBI. Government agencies politicized by Obama and Holder and not a peep from congress.

The natural progression from democrats not doing the right thing for the people, to republicans not doing the right thing for the people, witness congress and senate change over in 2012 and 2014, respectively is the election of Donald J. Trump.

The sheep smelled a rat. Something was not adding up in Washington. A trillion dollar stimulus package and not 50 cents of work could be pointed to as the result? What was up? Even the Clinton Foundation could not run through a trillion dollars and not change something for the better.

Trump was elected and threatens the political class with exposure. And the cockroaches in Washington DC are seriously panicked and are pulling no punches. They must destroy the democratically elected president before he exposes them as corrupt weasels living in the swamp.

If Trump is successfully drummed from office, Americans, its patriots, must regroup and fight for its independence again. This cannot play.

Tyranny must be challenged and defeated.

Coups know no boundaries. They are fluid, and can flow both ways.

America is watching Washington very carefully.

The patriots have President Trump's back.

Stab at it at your own risk!

I know Mark Levin believes a convention if states is the only way to reign in this out of control government. But Mark, you see the swamp does not follow the constitution now. What makes you think they will abide by amendments to the constitution from a convention of states?

Mr. Levin, Mark, you are dreaming!

I am,

Jackson Delano Maybolt, President Urban Poverty Law Center

Wednesday, August 3, 2016

Obama Secrets $1.7 Billion To Iran, Payments To Keep His Former SOS's Email Breaches From Coming Down Around Her Cankles Before The Vote In November

Well, well, hells bells has done it again. The Iranians have Hillary's emails and are using them to great advantage to open up our treasury to their treasury. The latest is Obama's payola of cash by the transport load purportedly as a refund on parts not supplied but paid for in advance when the Shah was keeping watch on this advanced civilization, you know before the Americans were taken hostage on Jimmy Carter's watch.

And all the feckless Jimmy could muster was watching for 444 days as the Iranians danced and chanted "death to America", and then Reagan won the presidency and he dispatched his VP elect to let the goat riders of Tehran know the new kid in town would be taking names and kicking asses if our people were still on their soil when he was sworn in as president. The Iranian's stepped out from behind their goats, blinked and our people were out of there without a shot being fired. Islam respects strength and abhors women and weakness, both prominent features of President Obama.

If Iran can build a bomb and have America pay for it, it is not such a stretch to believe Trump can build a wall and have Mexico pay for it. It depends on what you got on the other party. The art of the deal, and bribery is just a deal under the law, right Clinton Foundation, wink, wink.

If Obama admits to $1.7 billion, you can probably multiply this figure by 10 to 50 to get the real payout.

The pond in Washington needs to be drained and the best and freshest water with true American patriots needs to be used to fill the void left by these leftist, corrupt, Islamocentric, traitors. The Clintons sent packing would be a great start, with Obama and his MB following off the Mexico or Hawaii.

America has cozy'd up to some really bad actors on the world stage. Time for an American awakening and an end to this foreign influence. Can Trump deliver us from evil? I hope we get the chance to see.

Hillary Can't keep her breaches up, and that imagery is too disgusting to leave you with. So think of Melania Trump as a young model in a revealing swimsuit and vote your hormones. Men and women, LGPGANFLNBAHHL can all agree she is some serious eye candy.

The Clintons both are to the point where they suck my will to live. If Trump wins perhaps he can clean out the corruption in the Justice Department and a new look at the shenanigans that is the MO of the Clinton Crime Syndicate will lead to some prosecutions.

I am.

JDM PUPLC

Saturday, July 2, 2016

Kabuki Theatre Staring FBI and Obama's Justice Department Is Ending Soon

Who does not know Hillary was questioned by the FBI hours after hubby met with Loretta Lynch?

I am sure the interview went something like this:


FBI Agent Flaccid: Madam Secretary, you know we must question you about your home server?

H: Yes, Agent Flaccid. I understand.

Flaccid: Well, lets get to it, Madam Secretary did you at any time send or receive Top Secret documents on your personal server?

H: No, never.

Flaccid: That's good enough for me. We are done here. Thank you very much Madam Secretary, we are so sorry to have inconvenienced you.

H: No trouble at all can you fellows stay for lunch? Bill has whipped up a bunch of corn bread with fresh butter and a spinach salad.

Agent Flaccid: Well, if it is not any bother?

H: Not at all.

End


These are the same fellows who dropped the ball on terrorist who were known to them in Boston, Orlando and San Bernadino, and the same justice department that failed to press Lois Lerner about her illegal acts as special IRS agent in charge of throwing an election.

Americans are wasting billions of dollars a year on government.

At least when President Clinton was in office there was some entertainment with all the talk of consensual sex, phone sex, and cigar sex.

Now all we get is a flustered Muslim apologist with thin skin and bad policies.

I am

disgusted, president UPLC

Thursday, October 2, 2014

Bring Out Yee Dead! How Obama's Ebola Policy And Open Borders Will Kill The American Middle Class.

I may be an alarmist. But if the way the government dealt with the last deadly communicable disease is any clue, these knuckleheads, who wax poetic and issue decrees from their glass ensconced high rises, shuffling papers hither and yon, will screw this one up too.

Aids, a virus, was suspected of infecting and killing gays and transmitted via unsafe sex. No quarantine was necessary. Because of this hundreds perhaps thousands more were infected and a billion dollar industry was developed to treat these unfortunates who contracted the disease after its cause and mode of transmission was determined.

This was back in the 80's when Gays were as yet not protected by the endangered species act. The Center for Disease Control in its infinite wisdom felt picking out a small subsegment of our population with peculiar sexual proclivities would be politically incorrect and though they represent only 2% of the general population they vocalize as though they are 98%. Nothing was done to control the spread and many more were infected and died for this poorly thought out public health policy.

Is the CDC going to drop the ball on this one which is much more contagious and more immediately deadly than the aids virus?

If what I believe is true about government bureaucracies the CDC is filled with inexperienced political pals of Clinton, Bush, and Obama. They probably could not tell the difference from Ebola and Ricolla. One is a cough drop and the other is a deadly virus which after an infected patient coughs on you, you drop.

But don't worry we have our best people on it. We have what's his or her name at the head of the CDC who is wishing now that someone else was in charge. Someone has written a protocol to deal with this epidemic.

CDC Ebola Protocol: If you come in contact with a possible Ebola patient put on your space suit with diving bell helmet with a supply of uncontaminated air.

1. When you have finished with the patient, wash your hands in gasoline and light them, allow them to burn for 15 seconds then put the flames out and dress your burns.

2. Do not breathe when interviewing a febrile patient with coughing and sneezing.

3. Do not drink after them or finish a half eaten sandwich from a patient's tray.

4. Do not have sexual contact unless it is gay sex, only then is it ok.

5. Ebola and many common viruses begin with fever.

6. Quarantining is for sissies.

7. If God wants you to get Ebola, you will get Ebola.

8. Do not panic.

9. We have plans early next year for a symposium to discuss where we go from here.

10. Good luck.

Our only hope in America is if we are descendants from Europeans who lived through the black death in the 1300's which is now believed to be caused by an Ebola virus that we may have some innate immunity.

Jackson Delano Maybolt, President Urban Poverty Law Center





Wednesday, October 1, 2014

Eric Holder United States Attorney General Out, Ebola In; How The Obama Administration Will Fall On This Import From Africa

Eric Holder has fled this Obama administration to land his plush crony capitalism job reeking in $77,000,000 a year in compensation to make sure his employers are first in line at the taxpayer funded governmental piggy trough. I have pulled out all my money from J. P Morgan and suggest you do the same. To support these rapscallions is immoral.

The Obama administration is beginning to unravel. The media, sensing something is amiss, are starting to question this flash in the pan politico from Hawaii via Indonesia and Chicago who forced queen Hillary to put off her ascension to the throne for eight long wrinkled years.

Now we find American and European journalist losing their heads because of Obama fueled failures in George Bush's Middle East. Obama is mocked by Putin and every tin horned Arab-Islamist separatist who screams and believes America is the Great Satan. And oil has fallen below $95 a barrel due in large part by America's newly found oil independence from foreign oil, brought to us in spite of every governmental regulation to hobble our domestic oil producers by North American engineering prowess.

The geopolitical importance of the Middle East should be left to the Russians and the Chinese and the economies of the region who need to buy or limit the supply of oil out of these kingdoms. Americans must insist our leaders pull back our presence in the area and let those with strategic interests in these politics stand up while we stand down. Keeping Israel safe is still in our best interest in the area.

And now Ebola has landed in Dallas, Texas brought to us by two Africans, one in the office of the presidency and the other was the poor sap who boarded the plane for Dallas from Liberia. Reasonable immigration policy is proactive and not reactive. Talk about closing the barn door after the horse has left! The Obama administration has bungled everything from border control to terrorism, and now it has bungled its responsibility to serve and protect the American public.

You and I cannot set policy on who crosses our borders, Barry, the shill, Obama, sets this policy. Is he incompetent? Is he? Who are these narcissist who think leading is easy. The hard choices are avoided and everything is a high school student government equivalence. Look around Barry and Eric, this is not high school no matter how much dope you smoke. This is our world. This is our country. We deserve leaders who take their responsibilities seriously. What about Benghazi, where were you?

You have fumbled national security, you have economic policies that stifle growth, you have dropped national health security, and you have set race relations back 50 years. The Ebola fiasco should bring your administration down to sub-Carterian levels in our history books and you will be able to look back at what a colossal failure yours was and the national disgrace you have become.

Who admires a failure? Putin, ISIS, Israel, Americans? And now India has sent a satellite to Mars for only 87 million dollars--only $10 million more than Eric Holder will rake in every year from JP Morgan. American exceptionalism has ended under Obama's watch for our economy, our borders, our health-care, our safety nets, our military, our race relations, and worst of all in our government. A world without borders and laws is a dangerous place.

Our media has finally awakened and your hall pass has been revoked.

God bless and keep America safe, we need Him even more with this level of incompetence!

Jackson Delano Maybolt, Ebola-Free for 61 years, President Urban Poverty Law Center

The only American exceptionalism left is that government to crony capitalism revolving door that Eric Holder has breached. Good Grief.

Tuesday, May 14, 2013

Urban Poverty Law Center Is Responsible For IRS Abuses Of Patriot Groups

As President of the Urban Poverty Law Center my sphere of influence casts a wide shadow.

I was the first to suggest to my local IRS officer that there were bigger fish to fry since in two years of advertising for google on this blog, my take was only a little over $113, and my readers were subjected to endless pop-ups of that unsettling add with Obama and his stinky rainbow logo.

I was investigated for refusing to have adds pop up supportive of PBO in a blog which spends much of its ink or bytes critical of his policies and his intellect and very wary of his handlers.

I did not think they would take my advice to such extremes.

I apologize to the patriots for my suggestion that BHO aka PBO use the IRS to its fullest potential-
a strong arm enforcement tool of the administration.

Nixon's only mistake was not pushing back against a press which turns out to be very corruptible.

Money Talks and Patriots Walk!

The obituaries for America can be released.

More later.

Jackson Delano Maybolt, President Urban Poverty Law Center

The Urban Poverty Law Center will hitherto be known as The Progressive Urban Poverty Law Center for the obvious reason. 

Tuesday, April 2, 2013

Urban Poverty Law Center: North Korea Will Strike The South: Here's Why!

Mark Twain once said along with about a billion other salient things, "No man can stand success.  Anothers that is."

And this is the reason Kim Jong Un, the Supreme Leader of North Korea will attack his more affluent cousins in the South.  Under communism the North has floundered while the South populated with the same people has flourished.  There is turbulence brewing over there at the 38th parallel.

Unlike the goofs who control the United States and its war machine, Kim and his generals know exactly what the military and war is for, namely "Stealing other peoples stuff." 

Of course if the women are not dogs these can come in handy as prizes of conquest as well, but that is another whole treatise which is too politically incorrect even for these pages.

Only the US seems not to know the true reason for war.  Let me see now, Vietnam, the spoils of war to the US, NADA!  Iraq I, again nothing.  Iraq II, a big zippo.  Afghanistan, if you discount the CIA's taking over the poppy crop, ZERO! 

It seems to me a good war should pay dividends.  I am not talking about the kinds of fortunes handed out by the government to our most favored banks and the automobile industry, but something in return for the trillion or two spent chasing phantoms all over the middle east.  Could we not at least bring a few camels over to our petting zoos?  Something?

Before the Civil War in America, the North was furious with those Southerners who through cotton and slavery were amassing fortunes and preferred to trade with England which made finer things than our newly industrialised North.  There were more millionaires in Mississippi than in New York just prior to the Civil War. 

The South was impoverished by the war and the North took all it could, the DuPont's stole North Carolina, and countless other carpetbagging Yankee bastards filled the void here in old Dixie and some of us here still recall that injustice.  It is in the genes.

Kim Jong Un will be North Korea's Abe Lincoln.  He will be credited with saving the Union!  The US should back away from this little yellow man because he has nothing to lose and so much to gain.

Should make for an interesting summer.  What if anything will Obama and John Kerry do besides wring their hands and call for tougher sanctions from the UN?

The North Koreans know the US is a Paper Tiger full of flatulence, tethered to fools who believe man can burn fossil fuels and cause the whole world to heat up.

Will the North invade the South?  Won't be the first time it has happened and probably not the last.

Jackson Delano Maybolt, President Urban Poverty Law Center

Thursday, March 3, 2011

Urban Poverty Law Center Blows Lid Off US Fiscal Policy

Blogosphereons:

As the chief financial officer of the Urban Poverty Law Center, and as one who has no formal education or background in business except for my brief lesson in capitalism garnered from our grandfather who set us up to sell hot dogs and cokes at the annual Strawberry Festival when we were children. He bought the ice, cokes, drinks, dogs, buns, condiments, cups, and we hawked colas and dogs for two days and would pull in about $200 after his expenses, and my brother and I would wonder what ever we could do with all that money in 1960 small town America. Of course we paid income taxes on our windfall.

With that training I am going to explain the Fed Reserves policy of monetizing the debt.

Money is good, OK. Through all of time men and women have sought the perfect money. Salt was used to pay Roman soldiers as it was a valuable commodity, and could be split and measured and was portable. A man worth his salt is good. Salt had some draw backs as it would dissolve in water and could spill out and looks a lot like sugar. So someone in days gone by thought of silver and gold and coins. More durable, portable and great way to store value.

There were many other things tried, cows, goats, chickens, slaves, but with anything alive, it had a shelf-life and so its value could not be reliably counted upon year after year. Back to gold and silver. Both metals are almost permanent. Silver will tarnish/ oxidize slowly and gold is inert.

Well the bankers liked gold until someone owned enough that it was hard to carry around so they got the idea that paper could represent the gold in the vault. Good as gold. Yeah!

Then our government and others thought the gold was a hindrance to printing more money and it was abandoned for fiat money in 1971 by Richard Nixon. Fiat money only has value if people think it has value. It has nothing backing it except the full faith and backing of the United States Government.

Gold was about 35 dollars an ounce in 1971. Forty years later it is pushing $1500 per ounce and I believe is under priced in dollars.

In just over two years in office, Barak Obama has spent $5 trillion deficit dollars on goods and services at today's prices. Good move! These goods and services he bought now will necessarily be much higher next year and the year after when the inflation caused from too many dollars chasing limited products kicks into gear.

For people who have been saving for retirement, the nest egg is going to shrink. My great aunt was left a widow when her husband was killed and in 1968 her estate was worth about half million dollars. That would have bought 15,000 ounces of gold in 1971.

Today her gold would be worth 22.5 million dollars. As it turned out my rich great aunt was robbed by inflation and left my mother an estate worth about $150,000 in 1981 when she died. Auntie was a product of the Depression and did not want investments. Kept all her assets in certificates of deposit at the bank. She was never poor, but with some foresight she could have preserved her wealth.

If, for every loser there is a winner, who are the winners? Maybe the debtors are the winners.
They will be able to pay off debts with inflated dollars. By example, let us say I buy a farm for $1,000 per acre. It is a modest farm of say 100 acres, of which 75 acres is tillable ground. I rent this farm out to my farmer pal who plants cotton and the first year I make $125 per acre my share on the crop when cotton was selling for $.59/pound. Now with inflation cotton is pushing $2.00/pound and if this price holds I may make $400/acre for my share on the farm. I Owe the bank $75,000 for the farm and will be paying him back with cheap dollars. As the debtor, I win. The banker made the loan at 4.8% interest betting inflation would be minimal.
Oops.

Now we all are aware that Uncle Sam, the US government is a large debtor having to raise the debt limit to over 15 trillion dollars soon to keep the business of government running. Will inflation help the government? Maybe.

If you have dollars, spend them before they are worthless. Nobody can get a loan now because bankers are hesitant to put any of that precious money out for fear of getting the inflated dollars back. It is a part of their business risk. This is the start of a money bubble.

Relax, we will all live through this. Now where is my check book?

Jackson Delano Maybolt, PhD
CFO Urban Poverty Law Center


"Money, girls don't need any money. Why they are sitting on goldmines!"
Mother Maybolt, 1928-2008

Wednesday, December 2, 2009

UPCL Fund Razer in Two Days!

Friends,

Cedar Grove and the surrounding communities of Lavinia and Leach and Terry have all been abuzz with the excitement surrounding the First Annual Fund Razer For the Poverty Stricken
In Detroit Through No Fault of Their Own, (FAFRFTPSIDTNFOTO) for short. What is all the twittle and twaddle about? As followers of the Urban Poverty Law Center, you know the fund razer will be held at the Metropolitan Cedar Grove Bingo Parlor/Food Bank at 6:30 to ? and that barbecue and moonshine and drinks for the kiddies will be available for the low tickets prices, and that four 5 lb blocks of government cheese will be given out as door prizes, all this and more on December 4, 2009.

The buzz is whether Michaele Salahi and her husband will be attending even though they did not receive an invitation. Personally I do not see the attraction. I find her husband to be somewhat of a dud and she seems as appealing as yesterday's cheese grits adorned with lipstick stained cigarette butts. This is from a man who hasn't been with a woman since 1978. But hey, we are not unfriendly here in the South. If Michaele and her tubby man want to attend, they can pay the $7 just like everyone else and have the time of their lives! It is for a good cause, unlike some of the other party's they have recently crashed.

Flashback: Obama's State Dinner for India's Prime Minister, Sik Mi Diki, last week.

President Obama: "How very nice to meet you both Mr. and Mrs. Salahi."

Tareq: "The pleasure is all ours, Mr. President. My but our last name rolled off your tongue
with such ease! We are not used to that."

President Obama: "You forget that I was raised a Muslim in Indonesia and have a cosmopolitan
aire of sophistication not generally available to home spun Americans. You
know like the bunch that we recently replaced here at the White House.
Ha, ha. Praise be to Allaha ha ha."

Michaele: "Mr. President, can I call you Barrak?"

President Obama: "No, Michellie is right over there and may hear you."

Micheale: " Oh, OK, but I find you to be so charming and intellectual compared to my
husband here who I find, after all these years, is incapable of making
an honest living and we are down to government service or bankruptcy.
Can you find him a place in your administration, say a GS-17 or better?"

President Obama: "I will see what I can do. Do you mind living in Detroit?"

Michaele: "Wood eye?"

Well a true story, I have a cousin in the Secret Service and he details the President at the White House. We all know you can't be a Secret Service agent if you are a liar.

I know you are all anxious to hear the Urban Poverty Law Center's position on the ousting of President Manuel Zelaya and the recent election of Porfirio Lobo in Honduras. I am working on a statement, but this international policy stuff cannot be rushed and I hope to spend some time on it this afternoon. Afterall what do I have to do here in my hoveround?

Jackson D. Maybolt, PhD
CEO Urban Poverty Law Center

"Are you kidding? The universe is teaming with life. Why else would there be so much space out there? Mother Maybolt 1927-2008