Go to the source: Keep It Simple Survival

Many thanks to Rick III for his graphics talents. He’s the responsible party for the graphics on my blogs, and so contributes to my delinquency, heh heh heh…
Go to the source: Keep It Simple Survival

Many thanks to Rick III for his graphics talents. He’s the responsible party for the graphics on my blogs, and so contributes to my delinquency, heh heh heh…
11. July 2010
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Go to the source: Notes from the bunker…
Here’s why we’re doomed:
Im walking outta the post office and theres a chick with a clipboard. “Do you have 60 seconds to bring back Amtrak to Montana”. Okay, game on. “Where is it now?”, I ask? She tells me Amtrak hasn’t run in our part of Montana since the late 1970’s. I ask why they stopped. It wasn’t profitable, she tells me. Will Amtrak be able to pay for itself on this Montana route, I ask. Well, we hope it will, she says. Amtrak hasn’t made a profit since..well…ever..how is this route going to get paid for, I ask. Stimulus money from president Obama’s economic package.
Of course.
So what she is saying is that ‘public transportation’ needs trump good fiscal sense. The railroad won’t be profitable, it’ll need government money to run, but by Crom there will be something for tourists to ride.
This is why we’re doomed. Let me rewrite the scenario:
Hi do you have 60 seconds to help me open up an organic ostrich farm? There hasn’t been a successful ostrich farm in Montana in..well, forever…but we think its in Montana’s interest to have an ostrich farm anyway. It might make money someday but history says that it probably wont. We’ll keep throwing money from your taxes at it though. Whaddya say, wanna sign up?
And this bubblehead standing there with her clipboard sees nothing wrong with asking people to have government create yet another money…
11. July 2010
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Go to the source: The Market Ticker ®
One has to wonder, given this…
The United States Bankruptcy Court for the Eastern District of California has issued a ruling dated May 20, 2010 in the matter of In Re: Walker, Case No. 10-21656-E-11 which found that MERS could not, as a matter of law, have transferred the note to Citibank from the original lender, Bayrock Mortgage Corp. The Court’s opinion is headlined stating that MERS and Citibank are not the real parties in interest.
The court found that MERS acted “only as a nominee” for Bayrock under the Deed of Trust and there was no evidence that the note was transferred. The opinion also provides that “several courts have acknowledged that MERS is not the owner of the underlying note and therefore could not transfer the note, the beneficial interest in the deed of trust, or foreclose on the property secured by the deed”, citing the well-known cases of In Re Vargas (California Bankruptcy Court), Landmark v. Kesler (Kansas decision as to lack of authority of MERS), LaSalle Bank v. Lamy (New York), and In Re Foreclosure Cases (the “Boyko” decision from Ohio Federal Court).
Indeed.
I have noted this repeatedly – that MERS own web site claims that it is exists for the purpose of circumventing assignments and documenting ownership!
MERS is an innovative process that simplifies the way mortgage ownership and servicing rights are originated, sold
…
11. July 2010
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Go to the source: Mish’s Global Economic Trend Analysis
Shared Sacrifice

Looking for a good book?
If so make sure you go to the right book store, not the Wong Fook Hing Book Store

Numerous references to the above. I am not sure who to credit.
JayWalking with Jay Leno
http://www.youtube.com/watch?v=RkQ6XgXeNuY&feature=youtu.be
If that does not say something about education in the US, what does?
Things that Benefit the New Zealand Dollar
Yahoo!Finance reports something I did not realize: New Zealand Dollar Benefits From S*** in Market Sentiment

Sadly, the above document has now expired for inexplicable reasons.
Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List
11. July 2010
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Go to the source: Total Survivalist Libertarian Rantfest
Read this very interesting post at Warrior Talk News. Think about this now while you have time to deliberate and figure out all the angles so if something happens you already have a good idea what is the best course of action.
11. July 2010
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