Blog Archives

Why I love Fark.com

Fark.com is…well, I will let them describe themselves.

The first thing you should know is that Fark.com isn’t a Weblog. Fark.com, the Web site, is a news aggregator and an edited social networking news site. Every day Fark receives 2,000 or so news submissions from its readership, from which we hand-pick the funny and weird notable news — and not-news — of the day.

Fark takes actual news stories and creates a witty link title and posts them on the site.  I am a FAN of the people or person that comes up with these link titles.  Some are as funny as you can be in 10 words or less.  Here are some samples:

I hope this makes your day a little better.

Advertisements

Wiretapping Misconceptions: Compliments of Fak3r

My friend Fak3r (as seen here) has “been online for over 15 years, blogging for 10.”  He also  works with “open source software, various hardware and whatever else that I can hack on.”  In his spare time he enjoys “learning by doing, painting infrequently and listening to more music than the law allows.”  Kids, today he as also provided us with some knowledge:  Prepare for it to drop on ya dome. Read the rest of this entry

America’s Opinions

I was curious about how my fellow Americans felt about issues that, in my humble opinion, are paramount to our nation and its position on a world stage.   After hours and hours of extensive research and documentation, I give you:

AMERICA’S OPINIONS Read the rest of this entry

My China,Debt crystal ball is dead on!

If you didn’t see my post about debt look below.   If you didn’t see my post on China look deeper below….ANYWAY.  Sometimes it is nice to see what you think validated by someone else.  READ!

Obama’s leverage in China negotiations limited by massive U.S. debt

By: Lita EpsteinLita Epstein RSS Feed

President Barack Obama will work hard to build trust with China during his trip there, but how far will he be able to go in seeking changes on the key issues — currency, the trade surplus, North Korea, Iran, human rights and others — when he’s sitting down with his nation’s largest creditor? China holds $800 billion in U.S. debt and gets $50 billion a year in interest.With that level of U.S. debt in its hands, China holds most of the cards. If China started dumping that debt, the value of the U.S. dollar would fall dramatically. China knows it’s in the stronger position, as evidenced by its recent decision to ignore the IMF as it continues its stimulus programs. So no matter who was sitting at the table representing the U.S., they wouldn’t have much ability to move the Chinese.

 

China flexed its muscles almost as soon as President Obama arrived. Obama held a town hall meeting for more than 400 Chinese university students, which was supposed to have been televised. But at the last minute, China pulled the plug and the event was not carried on state television. Further, to make the statement that it’s not interested in discussing human rights, China rounded up dissidents before Obama’s arrival. Clearly, China is sending the signal that human rights will not be one of the issues to be negotiated.So what issues will be discussed?

 

The U.S. and China are partnering more than ever in the battle against global warming, but the nations differ on hard targets for reductions in the greenhouse-gas emissions that cause it. China has some severe environmental problems because of its emissions. Perhaps a technology exchange could build a stronger bond on global warming and while developing a market for technologies developed in the U.S. for cleaning the environment.

China does support sterner sanctions to halt North Korea’s nuclear weapons program. But it differs with the U.S. on reining in Iran’s uranium enrichment program. It is possible the two countries can come to an agreement on how to move forward in parallel on Iran.
Improving the trade imbalance will be the biggest item on the agenda for President Obama. China could be a huge and lucrative market for American goods and services. But as long as China will not allow its currency to float freely and instead keeps it closely tied to the U.S. dollar, U.S. goods will remain expensive in China, while Chinese goods will continue to be cheap in the U.S. The only way to improve the trade imbalance would be for the yuan to be allowed to appreciate. While I’m sure the discussion will come up, I doubt the Chinese will budge on this issue.

For the Chinese, the biggest issue on the table will be the U.S. deficit and their biggest question will be how President Obama plans to get it under control. China has a big stick it can wield if it doesn’t like the answers. If China stops buying U.S. debt, most of President Obama’s plans — such as health care reform — would have to be shelved until the U.S. finds another lender.

Of course, if the Chinese did start selling U.S. debt, the drop in its value would cost them many billions as they tried to unwind their U.S. bond holdings. Unless they are willing to risk major losses, they would be ill-advised to wield their big stick. But for Obama to call this trip a win, he needs to bring home evidence of change from China, while for China, maintaining the status quo is a win. They don’t have to use their doomsday weapon — just having it is enough to let them say ‘no’ to Obama.

Lita Epstein has written more than 25 books including The Complete Idiot’s Guide to Foreign Currency Trading and Trading for Dummies.


Linda, Thank you for making me smarter.

Sadly, Inspiration Is Too Strong To Ignore

As I was heading to work today my mind was deciding on what topic I should write about today.  Honestly, I was not  feeling overly creative, until inspiration struck.  There, at a convenience store ATM, was the spark I needed to choose a topic.  (See above) It was a print out that made me realize something about the state of most American’s lives…as well as America as a whole.  Credit card abuse is a pandemic that effects the USA.   Poor education and brilliant marketing are at the root of the problem.  Let’s face it.  Most American’s don’t understand how interest works.  (WANNA LEARN?  CLICK HERE)  Learning how credit works, frankly, isn’t stressed enough in our lives.  If it was illustrated and taught as is SHOULD be our financial system in the US would crumble due to no one accepting horrible terms on that line of credit.  I KNOW…I KNOW.  That may be an overestimation. (Maybe not.)

Surely our elected leaders, the best among us would not let our country be based on money we OWE SOMEONE ELSE…

Yeah they would-and have-and its bad for us all. (SEE!)  Our country is being slowly owned by our lenders.  The Christian Bible says the “Borrower is slave to the lender.”  Well, get used to the shackles everybody, because your share of our nations debt comes to (CLICK HERE TO SEE).  I think that is over our collective credit limit.  Maybe they will take a check????

%d bloggers like this: