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Prof Roubini (aka Dr Doom) on the Next Crisis.

by coldwarrior ( 134 Comments › )
Filed under Asia, Economy, World at February 15th, 2011 - 11:30 am

Dr Roubini was the first to predict this economic collapse in the same way that Alan Greenspan’s ‘Irrational Exuberance’ comments warned investors of an overvalued IT market in the 1990′s. Well, the good professor is called Dr Doom for a reason. Besides being right over and over again, he is able to see through the fog of information and spin and get down to fundamentals. His latest prediction is large societal and economic problems in Asia due to increased food prices:

Roubini’s Next Crisis Is Scary Food for Thought: written by William Pesek

Forget Egypt for a moment. Skip the water crisis in China. Look past angst on the streets of Bangladesh. If you want to see how extreme the effects of surging food prices are becoming, look to wealthy Japan.

So big are the increases that economists are buzzing about them pushing deflationary Japan toward inflation. Yes, rising costs for commodities such as wheat, corn and coffee might do what trillions of dollars of central-bank liquidity couldn’t.

Yet the economic consequences of food prices pale in comparison with the social ones. Nowhere could the fallout be greater than Asia, where a critical mass of those living on less than $2 a day reside. It might have major implications for Asia’s debt outlook. It may have even bigger ones for leaders hoping to keep the peace and avoid mass protests.

What a difference a few months can make. Back in, say, October, the chatter was about Asia’s invulnerability to Wall Street’s woes. Now, governments in Jakarta, Manila and New Delhi are grappling with their own subprime crisis of sorts. This one reflects a toxic mix of suboptimal food stocks, exploding demand, wacky weather and zero interest rates around the globe.

It’s not hyperbole when Nouriel Roubini, the New York University economist who predicted the U.S. financial crisis, says surging food and energy costs are stoking emerging-market inflation that’s serious enough to topple governments. Hosni Mubarak over in Egypt can attest to that…

It’s important to begin considering the side effects. The United Nations reckons countries spent at least $1 trillion on food imports in 2010, with the poorest paying as much as 20 percent more than in 2009. These increases are just getting started. In January, world food prices rose to another record on higher dairy, sugar and grain costs.

This crisis might lead to another: debt. Expect Asian leaders to increase subsidies sharply and cut import taxes. The fiscal implications of these steps aren’t getting the attention they deserve. The same is true of social-instability risks. Events in Egypt are a graphic example of how people living close to the edge can get motivated in a hurry to demand change. Keeping that rage bottled in the age of Twitter, YouTube and Facebook won’t be easy. Hence Roubini’s concerns about geopolitical crises…

The growing pains inherent in shifting consumption patterns will be especially acute in this region. Unlike the food-price spike of 2008, this one may be more secular than cyclical. Asia alone, for example, will have another 140 million mouths to feed over the next four years. Add that to almost 3 billion people in the fast-growing region and you have a recipe for booming demand.

China’s size and scope means it will be buying up ever- growing chunks of the world’s food supply. As the yuan rises, so will China’s ability to outbid everyone else. Increased trade tensions are inevitable and it will show the futility of food subsidies. Prices will rise as long as consumption does, so it’s really a matter of pouring money down the drain…

China also shows how changing weather will bump up against rising living standards. Severe droughts are imperiling wheat crops in the world’s largest producer. It’s creating shortages of drinking water both for China’s 1.3 billion people and livestock. It’s a reminder that water is the next oil. Governments will be scouring the globe for it before long.

Rising food prices will complicate things for China’s central bank. That goes, too, for India, Indonesia, the Philippines and even less developed economies from Pakistan to Vietnam.

This will be an inconvenient reality check for Asia bulls. Take Indonesia, the fourth-most populous nation and home to the biggest Muslim population. Food prices make it harder to deliver higher living standards and narrow the gap between rich and poor. The same goes for other countries in which population growth often outpaces gross domestic product, like the Philippines.

What’s killing households surviving on a few dollars a day is price volatility. If you spend almost half of your income to fill bellies, a 10 percent surge in cooking oil, wheat or chili peppers is devastating. It’s hard enough to pay rent and handle health-care costs today, never mind investing in education.

Well, economics is rightly nick-named ‘the Dismal Science’ for a reason; mainly becasue of the occasional Malthusian prediction of food production not keeping up with base demand. Very seldom do economists bear good news, even in good times, the end is often nigh. In this case, the end is not nigh, but there will be some problems and inflation, riots, and toppled governments. This situation is not a matter of how much food can be grown, but one of how much it costs to deliver. Prices are going to go up as Asia goes on a panic buying spree for basics both in the immediate and future delivery arena to try to lock in some prices and thereby lock in some predictability.

All economic situations have winners and losers. I would suggest that the US and Canada, Ukraine, and Russia can easily be the winners here. Those four are the largest producers of grain and corn in the world, not one of those countries is near max capacity for production. So, Asia needs more food, and we in America are just outstanding at food production. Well, how about we clear the way for the farmers to grow what they need to export to these markets that we are in trade and bond deficit to and help with our debt problem? We can get rid of the ethanol subsidy debacle and move grow and export as much grains and foods as possible. Does this cause food prices to rise here, it sure does and they will rise even more if the ethanol subsidies are still in place and the farmers aren’t encouraged to grow as much as needed for export because demand will still be going up in Asia. Non action on our part will open the way for the other grain exporters (who aren’t burning their fuel to drive around) to take the lead and make the money on the international markets. Is this the fix on our international debt, no, of course not. But is is a first step in the right direction.

Prices are going to go up in the US regardless, we can either have high prices and burn our food in our gas tanks, or we can get rid of ethanol subsidies and use the higher prices on foods to help with our international trade deficits. Who bought all of those cheap Chinese imports? All of us, so guess what, time to pay up on the negative account balance that we all helped create.

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134 Responses to “Prof Roubini (aka Dr Doom) on the Next Crisis.”
( jump to bottom )

  1. 1 | February 15, 2011 11:44 am

    We can get rid of the ethanol subsidy debacle

    1200%. That abomination needs to die, and die swiftly. Eathanol (except for drinking :P ) is at best a waste of money and energy. At worst, you have children starving in Africa bvecause the price of grain on the world market is artificially inflated by billions of dollars of wasteful subsidies.


  2. MikeA
    2 | February 15, 2011 11:49 am

    This is very interesting. If this comes to pass, there will be major parts of the world that will be in upheaval. I don’t care what the religion or political back ground of the country, if food is hard to find, riots and worse will happen. This could cause governments to change quite easily. Those living near the edge (Africa, Middle East, Asia) are going to be in a world of hurt. Two of the most populous countries (India and China) will be looking to get food and water (for China). They will use military means to wipe someone out to get what they want.

    I agree with what it could mean to us. Let our farmers loose. Let them grow as much as they want and make money on it. The world will need us to grow food. Oh yeah.. and DRILL!!!!


  3. Macker
    3 | February 15, 2011 11:50 am

    Food should be used as a weapon.


  4. Guggi
    4 | February 15, 2011 11:51 am

    The growing pains inherent in shifting consumption patterns will be especially acute in this region. Unlike the food-price spike of 2008, this one may be more secular than cyclical. Asia alone, for example, will have another 140 million mouths to feed over the next four years. Add that to almost 3 billion people in the fast-growing region and you have a recipe for booming demand.

    But we – the West – are forced to burn food in our cars.


  5. Bumr50
    5 | February 15, 2011 11:52 am

    Buy pure gas.


  6. waldensianspirit
    6 | February 15, 2011 11:53 am

    Elite GOP leadership:
    http://www.wnd.com/index.php?fa=PAGE.view&pageId=263521


  7. 7 | February 15, 2011 11:54 am

    @ Iron Fist:

    I say stop Ethanol and use Corn adn wheat for food. Let’s make money for once.


  8. 8 | February 15, 2011 11:55 am

    Guggi wrote:

    But we – the West – are forced to burn food in our cars.

    Only by our stupid governments. There is neither economic nor environmental necessity forcing it. It is just another way politicians have found to buy votes with the public coin. We need to say Enough loudly enough that they hear us this time…


  9. 9 | February 15, 2011 11:55 am

    MikeA wrote:

    Those living near the edge

    Now think about that imbecile judge in California who shut off the water to the most fertile agricultural area in the world. When we see food riot’s in the US my bet is he ends up dangling from a lamppost.


  10. 10 | February 15, 2011 11:55 am

    Hey check out DOD!

    Video: The Boiler Room Intro


  11. NoThreat2U
    11 | February 15, 2011 11:56 am

    @ Bumr50:
    None around me but that is an excellent link :)


  12. 12 | February 15, 2011 11:57 am

    @ Rodan:

    Yes, America used to be breadbasket to the world. We need to get back to that position. For many reasons, some altruistic (feeding the hungry) some less so (feeding the hungry people we like)…


  13. 13 | February 15, 2011 11:57 am

    @ doriangrey:

    The GOP could of turned it into a racial issue since most of the farmers are Hispanic. They didn’t and lost an opportunity to make inroads with Hispanic voters in California. Hispanic farmers are being fuck over to please White Progressives.

    The GOP stays stuck on stupid.


  14. MikeA
    15 | February 15, 2011 11:58 am

    @ doriangrey:

    This is so stupid. When I read about the envronmentalists pushing this, I say starve them out until the disease of the liberla mind is cured.


  15. Guggi
    16 | February 15, 2011 12:00 pm

    Somehow related

    Families Go Without Food To Pay Winter Fuel Bills

    ONE of the coldest winters in a century saw Welsh people risking their health by switching off heating in the face of rising energy bills, a report has found. The Bevan Foundation report said some families also plunged themselves into debt or went without food in an effort to afford to heat their homes.


  16. 17 | February 15, 2011 12:01 pm

    @ Guggi:

    I thought Global Warming® was going to put an end to needing heat in Britain. Children would know of snow only through books…


  17. JacksonTn
    18 | February 15, 2011 12:02 pm

    Rodan wrote:

    @ doriangrey:

    The GOP could of turned it into a racial issue since most of the farmers are Hispanic. They didn’t and lost an opportunity to make inroads with Hispanic voters in California. Hispanic farmers are being fuck over to please White Progressives.

    The GOP stays stuck on stupid.

    Rodan are you sure about that most of the farmers are Hispanic? I kinda doubt that – maybe most of the farm workers are Hispanic. But, it is CA so maybe they are but anyway … they never should have stopped the water.


  18. coldwarrior
    19 | February 15, 2011 12:02 pm

    MikeA wrote:

    @ doriangrey:
    This is so stupid. When I read about the envronmentalists pushing this, I say starve them out until the disease of the liberla mind is cured.

    environmentalists WAN and NEED malthusian scenarios.

    of course humans always out-produce and use new tech to avoid the malthusian trap.

    so the environmentalists leftist create the malthusian trap artificially.


  19. waldensianspirit
    20 | February 15, 2011 12:03 pm

    One farmer is Paul Rodriguez


  20. Guggi
    21 | February 15, 2011 12:05 pm

    Iron Fist wrote:

    Guggi wrote:
    But we – the West – are forced to burn food in our cars.
    Only by our stupid governments. There is neither economic nor environmental necessity forcing it. It is just another way politicians have found to buy votes with the public coin. We need to say Enough loudly enough that they hear us this time…

    I tell you, they are criminals. At least the European politicians from the EU should stand before court at the ICC in the Hague because of crimes against humanity.


  21. 22 | February 15, 2011 12:06 pm

    @ waldensianspirit:

    Well he’s obviously a WASP 8O


  22. coldwarrior
    23 | February 15, 2011 12:09 pm

    Iron Fist wrote:

    @ waldensianspirit:
    Well he’s obviously a WASP

    nahhh…ukranian orthodox.

    :lol:


  23. Alberta Oil Peon
    24 | February 15, 2011 12:10 pm

    This will be a good company to own some stock in, given that demand will be surging. The Green Revolution depends upon fertilizer, and potash is essential.

    Canada owns more of the potash market than Saudi does the oil market.


  24. Bumr50
    25 | February 15, 2011 12:10 pm

    @ NoThreat2U:

    Thanks.

    Many stations between ND and PA were advertising this – makes sense to me.

    To most engines, the ethanol is nothing more than “filler.”

    Once again, we’re getting robbed.


  25. coldwarrior
    26 | February 15, 2011 12:10 pm

    bbl


  26. waldensianspirit
    27 | February 15, 2011 12:11 pm

    Ace points out NPR gets lots of money from Obama unbudget


  27. Macker
    28 | February 15, 2011 12:11 pm

    @ Rodan:

    Yes! I SO need to get a new desktop iMac system so I can crank ‘em out!


  28. Nevergiveup
    29 | February 15, 2011 12:12 pm

    waldensianspirit wrote:

    Ace points out NPR gets lots of money from Obama unbudget

    Well you reward your friends after all


  29. 30 | February 15, 2011 12:14 pm

    @ Nevergiveup:

    Pay your propaganda team, is more like it…


  30. Bumr50
    31 | February 15, 2011 12:14 pm

    OT – Everyone needs an Irina Shayk.


  31. Macker
    32 | February 15, 2011 12:14 pm

    Alberta Oil Peon wrote:

    This will be a good company to own some stock in, given that demand will be surging. The Green Revolution depends upon fertilizer, and potash is essential.

    Canada owns more of the potash market than Saudi does the oil market.

    So does this mean we can start calling you Alberta Potash Peon any time soon, eh? 8)


  32. Bumr50
    33 | February 15, 2011 12:15 pm

    @ Bumr50:

    OT – Everyone needs an Irina Shayk – take two.


  33. Guggi
    34 | February 15, 2011 12:15 pm

    @ Bumr50:

    To most engines, the ethanol is nothing more than “filler.”

    Once again, we’re getting robbed.

    As @lobo91 recently pointed out with a percentage of 15 per cent your engine will go down. In Germany they are warning now about what could happen to your engine when you fuel with the new “Eu-gas”.


  34. 35 | February 15, 2011 12:19 pm

    @ JacksonTn:

    Yes thats why Comedian Paul Rodriguez was at the forefront of the fight. I did a post on it about a year and a half ago.


  35. 36 | February 15, 2011 12:19 pm

    JacksonTn wrote:

    Rodan are you sure about that most of the farmers are Hispanic?

    Here in California that is a really tricky call. Hispanic does not mean Mexican, yes Mexicans are Hispanic. The California agricultural community has a long history of non-Mexican Hispanic involvement. Yes a lot of Mexicans have traditionally worked the fields, but the farmers themselves i.e. the land owners, have a long history here of Spanish ancestry.

    California was a Spanish Colony, not a Mexican colony, the Spanish colonized California, not the Mexicans. The Spanish granted land to wealthy Spaniards, most of them were farmer/ranchers, and their descendants to this day still are here and still farmer/ranchers.

    So Basically yea, Rodan is right, a pretty high percentage of California’s farmers in the central valley are Hispanic.


  36. Nevergiveup
    37 | February 15, 2011 12:20 pm

    Bumr50 wrote:

    @ Bumr50:

    OT – Everyone needs an Irina Shayk – take two.

    Ya can’t always get what you want!


  37. 38 | February 15, 2011 12:22 pm

    waldensianspirit wrote:

    One farmer is Paul Rodriguez

    Yup, he has relatives who was effetced.Also I said most, not all. Either way this was a wedge issue the GOP didn’t use.


  38. Macker
    39 | February 15, 2011 12:22 pm

    @ doriangrey:

    No wonder why some of the Mexicans want to reconquista it.


  39. 40 | February 15, 2011 12:24 pm

    @ doriangrey:

    I like that you know about the land grants!
    :-)

    Keep in mind also that many of the earlier legal Mexican immigrants are of Spaniard or mixed Native roots. So they view themselves different than the newer Mexicans of more Native extraction.

    Another untold story, the majority of Hispanics in the Southwest and California hated teh Mexican governmnet. They welcomed teh US as liberators.


  40. Nevergiveup
    41 | February 15, 2011 12:25 pm

    Rangel ready to run again in 2012

    Hasn’t Rangel ever heard of Mubarak? Hey where is Obama when you really need him?


  41. tanker on the horizon
    42 | February 15, 2011 12:27 pm

    @ doriangrey:

    To amplify your point, where were Boxer, Feinstein, Pelosi, Waxman and Balless Arnold when the water was turned off? If Arnold had any guts, he would have defied that court order and turned on the water at gunpoint.

    Note also that Obama promised to turn back on the water in exchange for votes for Obamacare.

    California’s political class should burn for this, but frankly, the majority of Californians are too stupid to get it.


  42. 43 | February 15, 2011 12:28 pm

    Nevergiveup wrote:

    Rangel ready to run again in 2012

    Hasn’t Rangel ever heard of Mubarak? Hey where is Obama when you really need him?

    The difference is the constituents love Rangel!


  43. Alberta Oil Peon
    44 | February 15, 2011 12:28 pm

    @ Macker:
    Naw, the potash deposits are all in Saskatchewan. The Prairie Evaporite does extend into the Alberta subsurface, but I think it’s too deep to make it feasible to mine it at this time.

    Actually, a good stock portfolio to take advantage of this upcoming crisis would include energy companies, and producers of all three of the main components of fertilizer, nitrates, phosphates, and potash.


  44. 45 | February 15, 2011 12:28 pm

    tanker on the horizon wrote:

    @ doriangrey:
    To amplify your point, where were Boxer, Feinstein, Pelosi, Waxman and Balless Arnold when the water was turned off? If Arnold had any guts, he would have defied that court order and turned on the water at gunpoint.
    Note also that Obama promised to turn back on the water in exchange for votes for Obamacare.
    California’s political class should burn for this, but frankly, the majority of Californians are too stupid to get it.

    PLus the GOP was too stupid to use it as a wedge issue.


  45. Nevergiveup
    46 | February 15, 2011 12:30 pm

    Rodan wrote:

    Nevergiveup wrote:

    Rangel ready to run again in 2012

    Hasn’t Rangel ever heard of Mubarak? Hey where is Obama when you really need him?

    The difference is the constituents love Rangel!

    The constituents are morons and we all have to suffer because of that


  46. tanker on the horizon
    47 | February 15, 2011 12:31 pm

    @ Rodan:

    What’s left of the California GOP braintrust would fit in a thimble, but you are entirely correct.


  47. 48 | February 15, 2011 12:32 pm

    @ Nevergiveup:

    You would think they would realize that nothing has improved in their hood voting for the same party. yet they will slit their wrists for people like Rangel or Obama.


  48. 49 | February 15, 2011 12:32 pm

    @ Rodan:

    The GOP is too stupid to use gunbs as a wedge issue when they know that is a big thing the Blue Dogs emphasize that helps them win. The GOP elites want to party in the Country Club and call themselves a Party, not slug it out in the trenches and win.


  49. rain of lead
    50 | February 15, 2011 12:33 pm

    @ JacksonTn:

    JT!
    you still on?


  50. Nevergiveup
    51 | February 15, 2011 12:34 pm

    @ Rodan:
    See where CC Sabathia will probably opt out after this year if he has a big year. I don’t think he wants to leave, just going to try to get all he can. Hey The Yankees gave him the opt out


  51. 52 | February 15, 2011 12:35 pm

    tanker on the horizon wrote:

    @ Rodan:
    What’s left of the California GOP braintrust would fit in a thimble, but you are entirely correct.

    Thimble my ass, it could fit on the head of a pin with plenty of room for the angels to dance around.


  52. 53 | February 15, 2011 12:36 pm

    Nevergiveup wrote:

    @ Rodan:
    See where CC Sabathia will probably opt out after this year if he has a big year. I don’t think he wants to leave, just going to try to get all he can. Hey The Yankees gave him the opt out

    We need him and he knows that. He has us by the balls.


  53. rain of lead
    54 | February 15, 2011 12:36 pm

    hey guys, mainly admons
    check this site out
    looks like a great tool
    maybe we could get a post and a link?

    http://connect.freedomworks.org/


  54. 55 | February 15, 2011 12:37 pm

    @ Iron Fist:

    I would use the Guns issue in July before the election. Put Obama and the Democrats on the spot! Repeal all Gun Control laws!

    :evil:


  55. Macker
    56 | February 15, 2011 12:38 pm

    @ Nevergiveup:
    @ Rodan:

    [Deleted]


  56. 57 | February 15, 2011 12:40 pm

    rain of lead wrote:

    hey guys, mainly admons
    check this site out
    looks like a great tool
    maybe we could get a post and a link?
    http://connect.freedomworks.org/

    Added it to our links.


  57. 58 | February 15, 2011 12:41 pm

    @ Rodan:

    Yep, something big, like rolling back the ’68 GCA or parts of the NFA. They could base their arguement on the fact that the constitutionality of both is in question after Heller and McDonald. Repeal all or part of them (most likely part), and make the Donks vote against it and/or Obama veto it. The people who worship gun control aren’t going to vote Republican anyway, whereas any way it turns out the Republicans energize their base and turn moderates off on “moderate” Democrats.


  58. Guggi
    59 | February 15, 2011 12:42 pm

    Obama says governments in the Middle East must recognize ‘hunger for freedom’

    In the wake of the uprising that toppled Egyptian President Hosni Mubarak, President Obama on Tuesday sharply criticized Iran for using force against protesters and said that governments in the region “can’t maintain power through coercion” and must recognize their populations’ “hunger for freedoms.”

    “The world is changing,” Obama said at White House news conference, in a message directed at autocratic rulers across the region. “You have a young, vibrant generation within the Middle East that is looking for greater opportunity. … You’ve got to get out ahead of change; you can’t be behind the curve.”

    Hunger for freedom won’t fill their bellies. Barely 60 per cent of Egyptian women can read and write. 40 per cent of the economy is controlled by the military. 1.2 Million secret agents will storm the shattered job market when “democracy” will come. Fertile soil is used to build houses. Hierarchic structures and custumory corruption doesn’t disappear from one day to another.


  59. NoThreat2U
    60 | February 15, 2011 12:43 pm

    Bumr50 wrote:

    @ NoThreat2U:
    Thanks.
    Many stations between ND and PA were advertising this – makes sense to me.
    To most engines, the ethanol is nothing more than “filler.”
    Once again, we’re getting robbed.

    I shared that link on facebook too.


  60. JacksonTn
    61 | February 15, 2011 12:44 pm

    @ doriangrey:
    Dorian – thanks for clarifying that point … I was thinking about Mexicans and I guess not thinking about Hispanics that had been here for a long time. If they have been here a long time they maybe have assimilated more than new immigrants and do not really think about the race aspects of it and more just about the stupidness of the whole water issue and how it is hurting the farmers and their workers.

    Rodan … sorry I did not read that post … if it had been an issue the dems could have turned around more their way to insert the race card into it would … it is always either race card, green enviro card or Israel card … nothing much changes …


  61. rain of lead
    62 | February 15, 2011 12:44 pm

    @ Rodan:

    Rodan…..
    you da MAN!


  62. rain of lead
    63 | February 15, 2011 12:45 pm

    @ JacksonTn:

    bout time you showed up

    Hmmmph


  63. JacksonTn
    64 | February 15, 2011 12:45 pm

    @ rain of lead:
    Rain!!! yes, I am on for a few having an early lunch at my desk at home … weather getting a whole lot better these last few days … love it!


  64. 65 | February 15, 2011 12:45 pm

    The Obama Boom™ continues unabated:

    Jan. Retail Sales Rose 0.3%, Smallest Gain Since June
    By Ed Carson
    Tue., Feb. 15, 2011 9:28 AM ET
    Tags: Economy – Retail – Inflation
    Shoppers increased retail sales 0.3% last month, the seventh straight gain but the weakest since June. Ex autos, sales also rose 0.6%, the Commerce Department said Tuesday. Economists had expected a 0.5% overall gain and a 0.6% ex autos increase.

    January’s modest gains came amid brutal winter storms in much of the country. Then again, some analysts had expected late December sales to boost shopping last month. December sales were revised down a touch to 0.5% rise. January reflected the third straight month of decelerating gains.

    And the hits keep on coming. I just hope my house closes in March. It has been pending almost nine months…


  65. rain of lead
    66 | February 15, 2011 12:48 pm

    @ JacksonTn:

    since our e-mails seem to hate each other, I think this might be the best way to chat

    you need to pop in to the oot more often


  66. JacksonTn
    67 | February 15, 2011 12:49 pm

    @ Iron Fist:
    Iron Fist … wish you good luck! how can you afford both house payments? I have a house on the market that my son and I bought together and I have had it rented for about four years or so but my last renters trashed it so I am not gonna rent it anymore but dang the payments on an empty house hurt … I have it up for sale but it ain’t going anywhere soon … gonna put a little bit into it to renovate it and maybe if I cannot sell it my son will move in it … I don’t see a change in the market anytime soon but I sure hope I am wrong …


  67. JacksonTn
    68 | February 15, 2011 12:50 pm

    @ rain of lead:
    Rain – I get your emails at the gmail email but the other one eats them somewhere on the internet … I sent you something about a week or two ago from the gmail account …


  68. taxfreekiller
    69 | February 15, 2011 12:50 pm

    Plants eat CO2.

    The Earth First Loon Commie Democrats want every earthling to cut back on C02, thus less food.

    The Earth First Loon Goverments world wide thinking they would be able to raise more taxes to buy votes with went with the bull shit lie of Global Warming ,,,as things cooled.

    If say the temp. goes down 1 C as it may in say Canada and Russia and China,,, then real deal trouble.

    Fact is it has happened prior.

    So, those who may not have enough to eat do have someone to point long boney starving fingers at.

    http://www.wattsupwiththat.com


  69. rain of lead
    70 | February 15, 2011 12:51 pm

    if you need to find a Teaparty org or event nearest you
    check out freedom connector in the links

    This looks like a very useful tool for like-minded Americans


  70. rain of lead
    71 | February 15, 2011 12:53 pm

    @ JacksonTn:

    I got that one
    when the weather gets a little better we are gonna have that cookout


  71. 72 | February 15, 2011 12:53 pm

    Rodan wrote:

    @ doriangrey:
    I like that you know about the land grants!

    Keep in mind also that many of the earlier legal Mexican immigrants are of Spaniard or mixed Native roots. So they view themselves different than the newer Mexicans of more Native extraction.
    Another untold story, the majority of Hispanics in the Southwest and California hated teh Mexican governmnet. They welcomed teh US as liberators.

    I am quite aware of California’s Hispanic heritage, sadly a lot of ignorant Mexicans have sullied that noble reputation. There was a time here in California when our Hispanic heritage did not carry a lawless ignorant or violent connotation to it.

    Mecha and La Raza and the millions of ignorant uneducated illegal aliens and the Chicano gang bangers have done so much damage to that reputation. When people all across America think of Hispanics now, they dont think about the Chaparrals or the Vinyards or even the Missions that are our true Hispanic heritage.

    What they think about is the Mexican gangs or the illegal aliens. It’s a fucking crime I tell you, a straight up fucking crime. Where I live I am surrounded by 7th and 8th generation Spanish land grant holders.

    To this day they are still doing what their land grant forefathers were doing when they were originally given their land grants. They raise horses and cattle and run vineyards, and one of them actually grows Hops.


  72. 73 | February 15, 2011 12:56 pm

    JacksonTn wrote:

    how can you afford both house payments?

    I can’t. It is killing us financially. But we were making two payments living seperately. Right now I have renters who are under contract to buy. They keep having trouble with their financing, though. It is a mess. No, like you I don’t see the market improving for at least fiive years. Two more years of Obama, then another couple of years of President Palin before things start to break lose. The housing market can’t change with 10% of the people out of work. As is, I just have to hope my renters don’t trash the place. I’d put $14K into fixing it up, all down the tubes if these people fuck it up.


  73. JacksonTn
    74 | February 15, 2011 12:56 pm

    rain of lead wrote:

    @ JacksonTn:

    I got that one
    when the weather gets a little better we are gonna have that cookout

    Great .. looking forward to it … now gotta get back to selling some stuff … lunch over … at least I am not on the road anymore … well for right now … ttyl …


  74. NoThreat2U
    75 | February 15, 2011 12:59 pm

    @ doriangrey:
    For you and Rodan…

    GOP Outreach to Latinos Draws Fire from Conservatives

    http://pajamasmedia.com/blog/gop-outreach-to-latinos-draws-fire-from-conservatives/


  75. 76 | February 15, 2011 1:00 pm

    Rodan wrote:

    Repeal all Gun Control laws!

    Sadly the GOP leadership are just Marxist Elitist Progressive Aristocrats wearing a different brand of designer clothing.


  76. lobo91
    77 | February 15, 2011 1:03 pm

    Wow…the new governor of Wisconsin is threatening to call out the National Guard if state employees cause trouble over their plan to end collective bargaining for them.


  77. Bumr50
    78 | February 15, 2011 1:05 pm

    @ NoThreat2U:

    IMO the GOP has as much a penchant for self-loathing as does the hard Left.


  78. Et Norsk Troll
    79 | February 15, 2011 1:06 pm

    Macker wrote:

    Food should be used as a weapon.

    In my humble opinon, food already is a weapon….

    ….just a matter of deftly using it, now.

    I never want to see people suffer, but I would like to persuade them!

    Like Ronald Reagan said: “When someone won’t see the light, make them feel the heat~!”

    Time for North Korea, Syria, Iran, Saudi Arabia, Gaza, etc. to start feeling the heat, IN A VERY BIG WAY.

    Grass, meet lawnmower.


  79. rain of lead
    80 | February 15, 2011 1:06 pm

    later ya’ll
    gotta make a trip to the eye dr for some new glasses

    (old age and gravity are not your friends)


  80. 81 | February 15, 2011 1:07 pm

    NoThreat2U wrote:

    @ doriangrey:
    For you and Rodan…
    GOP Outreach to Latinos Draws Fire from Conservatives
    http://pajamasmedia.com/blog/gop-outreach-to-latinos-draws-fire-from-conservatives/

    A lot of Bullshit right there if you ask me. There are Mexican Marxist activists and their are Latino/Hispanic Americans. The Mexican Marxist activists are the only ones that the Fifth Column Treasonous Media ever tell American’s about.

    What the Fifth Column Treasonous Media don’t tell you about is all the Latino/Hispanic Americans who are every bit as offended by the illegal aliens as the other 70 percent of America is.


  81. taxfreekiller
    82 | February 15, 2011 1:08 pm

    Iron,

    Do not want to put a damper on your price expations in homes.

    Your deal may well close, get it sold.

    The thing is the new construction for large and small homes is priced much by the cost of labor. The home your selling was built with the prior “living wage labor” of American craftmen. The home that it is up against in price is just finished and the home and the appliances and other things built with (sorry Rodan) illegal wage slave from Mexico and Latin America and or in the case of the appliances Indaia or China.

    It will not work any way except to push the prices down. Also as people have to spend more on transportation (gasoline) food, and electric/gas heating and power there are fewer people who can handle the payments on the existing prices.

    Then add in the screw up of the commies/RINO’s together and you have the shit storm we are in now.

    First the borders must be secured for many reasons.
    Second drill, drill, drill, oil and gas.
    Third get the dam destructive commie Democrats out of D.C. and the state houses.

    Understand that it is a TWO PARTY EVIL MONEY CULT LEADERSHIP.

    http://www.blowoutcongress.com@ Iron Fist:


  82. waldensianspirit
    83 | February 15, 2011 1:09 pm

    @ NoThreat2U:
    This does not sound like Levin:

    It also includes radio talk show host Mark Levin, who slammed Bush for his remarks. According to Levine, they were nothing less than “divisive” and “destructive of conservatism.” The host accused Bush of “race-baiting” and of not being “that bright.”


  83. 84 | February 15, 2011 1:09 pm

    @ lobo91:

    That could get interesting. They need to hold the lid on it until summer 2012. Nothing could be better than the Tea Party people peacefully protesting tax-and-spend government and the Union Thugs for the Public Employees Unions to be rioting in the streets because their cushy pensions are threatened. Show the American People the real differences between the parties and the people who make up their respective bases…


  84. Et Norsk Troll
    85 | February 15, 2011 1:10 pm

    Great article, Coldwarrior~!

    I’m going to share it with other people. At least when the bad stuff starts ‘going down’, I’ll be able to say that I tried to warn everyone.

    :(

    Math–it isn’t a fad: it shows the future!


  85. NoThreat2U
    86 | February 15, 2011 1:10 pm

    @ Bumr50:
    Ii think plenty of others here share that opinion.


  86. lobo91
    87 | February 15, 2011 1:11 pm

    I received a forwarded copy of an email this morning that was sent from Casey’s office to the Army’s senior leadership (GOs/SES civilians) about the budget.

    It looks like the Army is losing 27,000 military positions, along with 10,000 civilian employees. And we’re expected to cut contractor costs by 10% per year for the next 3 years.


  87. 88 | February 15, 2011 1:12 pm

    @ taxfreekiller:

    You are right. This is something I have already considere. They are building houses down the street from where I live with my Fiancee, and I know they are using illegal labor (RAAAAACIST! There, stalkers, just for you :P ). When the time comes to sell this house, its value will be lower. That won’t be until the market picks up some, though. That day may never come.


  88. NoThreat2U
    89 | February 15, 2011 1:13 pm

    I was just sharing a link with yinz. Good responses from yinz too.


  89. 90 | February 15, 2011 1:16 pm

    Well, this is bad news:

    Austrian Court Upholds Islam’s Blasphemy Rules

    February 15, 2011 12:24 P.M. By Nina Shea
    Today, Elisabeth Sabaditsch-Wolff, a young Viennese mother, was convicted under section 283 of the Austrian penal code of vilifying religious teachings for her negative commentary on Islam in a lecture before a political-party gathering in Vienna; she was fined 480 Euros. Sabaditsch-Wolff, a diplomat’s daughter, had lived and worked for several years in various Middle Eastern Muslim countries, and at the lecture in question spoke critically of the treatment of women and the practice of jihad in Iran, Libya, and other places that she had lived in. The court found that Austria’s free-speech guarantees protected her from hate-speech charges.

    Glad I don’t live in Europe. That whole continent is dying. In two or three generations Europe will be as bad a hell-hole as Africa. Maybe then the Left will be happy…


  90. Nevergiveup
    91 | February 15, 2011 1:17 pm

    lobo91 wrote:

    I received a forwarded copy of an email this morning that was sent from Casey’s office to the Army’s senior leadership (GOs/SES civilians) about the budget.

    It looks like the Army is losing 27,000 military positions, along with 10,000 civilian employees. And we’re expected to cut contractor costs by 10% per year for the next 3 years.

    But But But I thought the democrats love the Military?


  91. 92 | February 15, 2011 1:19 pm

    @ Nevergiveup:

    They do. They love to butt-fuck the military. Hope I didn’t phrase that too delicately for the ladies… 8O


  92. NoThreat2U
    93 | February 15, 2011 1:22 pm

    The DOJ LOVES the military!!

    Military Voting Accountability Starts Today…

    http://pajamasmedia.com/blog/military-voting-accountability-starts-today/


  93. NoThreat2U
    94 | February 15, 2011 1:24 pm

    @ Iron Fist:
    So if any vilifying of religious teachings happens to any religion other than islam, I expect them to end up in court too right? Right??


  94. citizen_q
    95 | February 15, 2011 1:25 pm

    Iron Fist wrote:

    Glad I don’t live in Europe. That whole continent is dying. In two or three generations Europe will be as bad a hell-hole as Africa. Maybe then the Left will be happy…

    Agreed. Don’t know far behind we are, or will be. Just look at the whitewashing of the mo ‘bro hood lately.

    Leftards are never happy. Misery loves company. Ergo there is no situation so bad that lefty’s won’t make worse.


  95. taxfreekiller
    96 | February 15, 2011 1:28 pm

    Start doing some snow watch on nws.

    Calif. Nevada is going to get some snow way south Thursday/Friday .

    http://www.nws.gov
    http://www.noaa.gov


  96. lobo91
    97 | February 15, 2011 1:28 pm

    Senate to Vote Tues on Denying Airport Screeners Collective Bargaining

    As the Senate continues its debate on the FAA Authorization bill, a key amendment barring Transportation Security Administration (TSA) agents from collectively bargaining will receive a vote later Tuesday afternoon (aprox 230pm). The ban, sponsored by Sen Roger Wicker, R-Miss., seeks to nullify recent action by the Administration to allow the nation’s 43,000 airport screeners to negotiate for nonsecurity-related work measures and benefits, like pay scale and vacation.

    Republicans fear that any union influence (typically collective bargaining agreements are negotiated by a union) could jeopardize national security and disrupt airport operations.

    Supporters of the right for TSA workers note that many other first responders have not been hampered by their unions, citing the many law enforcement and emergency medical personnel who rushed to Ground Zero in Manhattan on September 11, 2001.

    The Wicker amendment must overcome a high hurdle, 60 votes for passage. It is unclear if he and his backers, including the top Republican on the Senate Homeland Security panel, Susan Collins of Maine, can muster enough support. But the two modified the amendment Monday to help boost its chances, allowing TSA screeners to fall under the Whistleblower Protection Act, and allowing the security officials, should they choose, to join a union.

    TSA chief John Pistole told lawmakers last Thursday he would be “willing” to fire TSA employees en masse should they go on strike or cause a slowdown in operations.


  97. 98 | February 15, 2011 1:29 pm

    @ coldwarrior:

    Great article! Here is the good news though. We can still change the path we are on. In my industry the guru is a man named Nick Murray. One of my favorite quotes from Nick is that the best cure for rising comodities prices is rising comodities prices. What this means is that people often change their behavior when comodities rise in price. As farmers get paid more to produce food, rather than biofuel, they will increase their production of food. It is not too late to stop this asinine production of ethanol. This ship can be righted if we act quickly.


  98. Guggi
    99 | February 15, 2011 1:31 pm

    @ Iron Fist:

    The female judge based her conviction on the thesis that Mo was not a pedophile because he was still married with Aisha when she was an adult. Not kidding you. So, if Aisha would have died or he would have divorced her before she reached adulthood it would be perfectly correct to call Mo a pedophile. Don’t ask me which kind of logic this is, I don’t know.


  99. 100 | February 15, 2011 1:34 pm

    Dorian said he wanted a sub:

    The Colombian military has nabbed a sophisticated, 100-foot long submarine capable of transporting eight tons of cocaine to the coast of Mexico, authorities said Monday.

    The fiberglass sub, which was seized in a jungle in Timbiqui, near the Colombia’s southwestern Pacific coast, could carry a crew of four to six people, had two diesel engines and navigational equipment allowing it to remain fully submerged up to 30 feet below the surface of the Pacific Ocean, navy officials said.

    It also had a 16 ½ foot periscope and an air-conditioner to keep the crew cool during the trip. Authorities estimated it cost about $2 million to build.

    There you go, bud! It comes with its own entertainment, and will pay for itself in one little trip to the West Coast 8O


  100. NoThreat2U
    101 | February 15, 2011 1:34 pm

    @ Guggi:
    So I could marry a nine year old boy, and if I stay married to him until adulthood, I am not a pedophile? Good Lord. *shaking my head*


  101. NoThreat2U
    102 | February 15, 2011 1:35 pm

    @ Iron Fist:
    It looked like the sub on “Lost”. lol


  102. Guggi
    103 | February 15, 2011 1:36 pm

    NoThreat2U wrote:

    @ Guggi:
    So I could marry a nine year old boy, and if I stay married to him until adulthood, I am not a pedophile? Good Lord. *shaking my head*

    Exactly.


  103. lobo91
    104 | February 15, 2011 1:36 pm

    NoThreat2U wrote:

    @ Guggi:
    So I could marry a nine year old boy, and if I stay married to him until adulthood, I am not a pedophile? Good Lord. *shaking my head*

    As long as you do it in Austria.


  104. citizen_q
    105 | February 15, 2011 1:37 pm

    Guggi wrote:

    Don’t ask me which kind of logic this is, I don’t know.

    IMHO it is the kind of logic that posits unicorns and elves must exist, because what kind of world would this be if they did not?


  105. 106 | February 15, 2011 1:38 pm

    JacksonTn wrote:

    Rodan wrote:
    @ doriangrey:
    The GOP could of turned it into a racial issue since most of the farmers are Hispanic. They didn’t and lost an opportunity to make inroads with Hispanic voters in California. Hispanic farmers are being fuck over to please White Progressives.
    The GOP stays stuck on stupid.
    Rodan are you sure about that most of the farmers are Hispanic? I kinda doubt that – maybe most of the farm workers are Hispanic. But, it is CA so maybe they are but anyway … they never should have stopped the water.

    Farmers and farm workers both. When the anglo farmers have to shut down, they fire the hispanic farm hands and do not contract with the stoop-labor folks to pick the lettuce. it doesn’t matter much who actually owns the farm, it is the hispanics that got the shaft over-all when the spigots were shut off and the GOP was too stupid to let the people know about it.


  106. 107 | February 15, 2011 1:38 pm

    @ Guggi:

    Yeah, I noticed that. Pro-pedophile, if you ask me. It certainly has no basis in psychology. The power that such a “husband” would have over his child-bride would be absolute. Remember, Mohammedans are strong believers in honor-killing. If she’d given any indication that she wanted to leave, he could have killed her out of hand. There’s a healthy marital relationship. Like I said, keep this up and you all will be like Africa and a couple of generations. Maybe quicker than that. There are people alive today who can remember back to when Africa was civilized and relatively prosperous.You don’t have to be too awful much older than me. Just post-WWII. De-colonialization has been a smashing success for the Left. Civilization to squalor in less than 50 years.


  107. 108 | February 15, 2011 1:39 pm

    @ Iron Fist:

    If the GOP was smart they could turn the gun issue into a racial one. They should claim that Gun Control is racist since it inhibits law abiding minorities from owning guns. This would put the Democrats on the defensive. It would make Hispancis and Blacks ask, why can’t we won guns but whites can?

    The Democrats would have no answer or be honest that they feel minorities are not trust worthy.


  108. Macker
    109 | February 15, 2011 1:40 pm

    @ Guggi:

    All I know is that he was a sick motherfrakker. ISLAM DELENDA EST.


  109. Guggi
    110 | February 15, 2011 1:41 pm

    lobo91 wrote:

    NoThreat2U wrote:
    @ Guggi:
    So I could marry a nine year old boy, and if I stay married to him until adulthood, I am not a pedophile? Good Lord. *shaking my head*
    As long as you do it in Austria.

    :-(


  110. lobo91
    111 | February 15, 2011 1:42 pm

    @ Rodan:

    It’s not just a “claim,” it’s a fact, going all the way back to the first gun control laws, in the post-Civil War period.


  111. 112 | February 15, 2011 1:43 pm

    Rodan wrote:

    They should claim that Gun Control is racist since it inhibits law abiding minorities from owning guns.

    That is nothing but the truth. If you recall, McDonald in McDonald v. Chicago was black. I wonder if he has a gun yet. Chicago doesn’t have a history of complying with the Courts. I have been saying all of my life that gun rights are civil rights, and the Second Amendment issue is a civil rights issue. That is the way the GOP should play it, but they don’t really want to win it…


  112. 113 | February 15, 2011 1:45 pm

    @ JacksonTn:

    The Dems love to play teh race card. I say start using it agains them.


  113. NoThreat2U
    114 | February 15, 2011 1:49 pm

    @ Guggi:
    @ lobo91:
    Now I have been accused of being a cougarm but that is just ridiculous.


  114. lobo91
    115 | February 15, 2011 1:50 pm

    Laws that attempt to ban “Saturday Night Specials” or “junk guns” are specifically intended to take low-priced guns off the market, thus limiting poor people’s access to guns. Not everyone can afford a Glock or a Springfield XD.

    And of course, as the left always makes sure to remind us, the poor are disproportionately minorities…


  115. NoThreat2U
    116 | February 15, 2011 1:51 pm

    NoThreat2U wrote:

    @ Guggi:
    @ lobo91:
    Now I have been accused of being a cougarm but that is just ridiculous.


  116. 117 | February 15, 2011 1:52 pm

    Iron Fist wrote:

    Rodan wrote:
    They should claim that Gun Control is racist since it inhibits law abiding minorities from owning guns.
    That is nothing but the truth. If you recall, McDonald in McDonald v. Chicago was black. I wonder if he has a gun yet. Chicago doesn’t have a history of complying with the Courts. I have been saying all of my life that gun rights are civil rights, and the Second Amendment issue is a civil rights issue. That is the way the GOP should play it, but they don’t really want to win it…

    ROTFLMAO… Some times you guys kill me, you post stuff that implies you dont understand that their is no differe3nce at all between the GOP leadership and the Dem leadership.

    They dont give a flying fuck about you or me, we are just the surfs on their plantation, they are running the old Good Cop Bad Cop scam on us.

    They, whether GOP or DEM are the elitist aristocratic ruling class and they will do anything they have to to maintain their grip on power.


  117. 118 | February 15, 2011 2:00 pm

    @ doriangrey:

    Oh dear, the loudmouthed old coot shot off his mouth again and their is that stale awkward silence in the room… <—–loudmouthed old coot looks around bewildered and mutters… Hmmm, I seem to have lost my drink… and wanders off…


  118. 119 | February 15, 2011 2:00 pm

    @ Iron Fist:

    They are cowards.


  119. waldensianspirit
    120 | February 15, 2011 2:01 pm

    Btw, Mo “married” her when she was 6. He supposedly had such control of himself he only “used her thighs” until she was ’9′


  120. citizen_q
    121 | February 15, 2011 2:02 pm

    doriangrey wrote:

    old coot shot

    Happy birthday?


  121. orangecrush
    122 | February 15, 2011 2:02 pm

    @ 12 Iron Fist: Big Farm uses herbicides and pesticides to farm every inch of land. The top soil in the midwest is being lost to erosion and the water table is getting polluted. Old wise farming practices are being discarded in the name of big farms and profits. The quality of the produce is much less and the quantity is much greater.

    What is needed is a tax benefit to the small farm in the 0-200 acre range. And a tax on the large Big Farm.


  122. RIX
    123 | February 15, 2011 2:02 pm

    @ Guggi:

    @ Iron Fist:

    The female judge based her conviction on the thesis that Mo was not a pedophile because he was still married with Aisha when she was an adult.

    If this judge was a naturalised American, she would
    be the next Obama appointee to the Supreme Court.


  123. snowcrash
    124 | February 15, 2011 2:04 pm

    @ doriangrey:
    Hey Dorian, Happy Birthday! The big 5-0 huh? It’s not how you feel, it’s how you look and you look marvelous!


  124. 125 | February 15, 2011 2:06 pm

    RIX wrote:

    @ Guggi:
    @ Iron Fist:
    The female judge based her conviction on the thesis that Mo was not a pedophile because he was still married with Aisha when she was an adult.

    If this judge was a naturalised American, she would
    be the next Obama appointee to the Supreme Court.

    Hell if she was a naturalized American one of the other current justices might have a tragic work related accident.


  125. citizen_q
    126 | February 15, 2011 2:06 pm

    RIX wrote:

    @ Guggi:
    @ Iron Fist:
    The female judge based her conviction on the thesis that Mo was not a pedophile because he was still married with Aisha when she was an adult.

    If this judge was a naturalised American, she would
    be the next Obama appointee to the Supreme Court.

    Her reasoning implies her head is up her ass, but I think a medical examination should be performed. Then we can confirm if she is obumbler admin material.


  126. 127 | February 15, 2011 2:07 pm

    snowcrash wrote:

    @ doriangrey:
    Hey Dorian, Happy Birthday! The big 5-0 huh? It’s not how you feel, it’s how you look and you look marvelous!

    Yes, I do, dont I… :lol: :lol: :lol:


  127. RIX
    128 | February 15, 2011 2:10 pm

    @ doriangrey:

    Hell if she was a naturalized American one of the other current justices might have a tragic work related accident.

    I’m concerened about the health of five of the
    Justices before the Court takes ObamaCare.


  128. snowcrash
    129 | February 15, 2011 2:12 pm

    @ doriangrey:
    You do! I got this cake from cakewrecks with nice discount for the spelling error. Just for you. Lol

    http://1.bp.blogspot.com/_wGr8njEWjtI/S_NWc-C4qoI/AAAAAAAAItI/MfdzYrkJ4QE/s1600/michelle%2Bj.ow.misspell.jpg


  129. RIX
    130 | February 15, 2011 2:12 pm

    @ citizen_q:

    Her reasoning implies her head is up her ass, but I think a medical examination should be performed. Then we can confirm if she is obumbler admin material

    .

    She does seem to have that Obama worthty feel to her.
    At the very least she could be The Czar of Child Protection.


  130. 131 | February 15, 2011 2:20 pm

    @ RIX:

    You and me both. I wouldn’t put it past Obama to do something, um, proactive there…


  131. 132 | February 15, 2011 2:20 pm

    RIX wrote:

    @ citizen_q:
    Her reasoning implies her head is up her ass, but I think a medical examination should be performed. Then we can confirm if she is obumbler admin material
    .
    She does seem to have that Obama worthty feel to her.
    At the very least she could be The Czar of Child Protection.

    Ummm, I think Obama already put a pedophile in that position…


  132. Bureaucat
    133 | February 15, 2011 2:26 pm

    lobo91 wrote:

    Wow…the new governor of Wisconsin is threatening to call out the National Guard if state employees cause trouble over their plan to end collective bargaining for them.

    Holy cow! I am so glad Governor Zell Miller did away with that in Georgia years ago. It makes for a better work place for employees and citizens.


  133. 134 | February 15, 2011 9:36 pm

    Alberta Oil Peon wrote:

    This will be a good company to own some stock in, given that demand will be surging. The Green Revolution depends upon fertilizer, and potash is essential.
    Canada owns more of the potash market than Saudi does the oil market.

    Jim Cramer has been recommending it, for just that reason.


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