We'll Squeeze It This Way, and Then We'll Squeeze It That Way

     The poor Old Gringo is just 'bout squozen out.  Yesterday, the President of all 57 States talks and a bad market becomes worse.   Then to-day, a dumbo who heads the Fed, speaks.  He is the one who, while testifying before some forum not so long ago, said that he really did not understand the reason for the stagnation of economic activity in America.    For that unique accomplishment he was probably earmarked for a pay raise in the near future.

      A couple of fairly disturbing developments come out the Federal Reserve Chairman's talk with the investing class, to-day.  One is that he is going to commit to essentially a zero interest rate and he is determined to try to hold at that level for two years into the future.    The stock market fell sharply for awhile after the Fed Chairman's talk, and then it made a run-up when traders figured out that the Federal Reserve Chairman had essentially created a new form of "quantitative easing".   That is the procedure that essentially prints free money without using ink.

     This did cause a run-up, essentially ending the day with about two-thirds recovery of the 630 point loss by the DOW Industrials yesterday.   This is good, save for the fact that tomorrow, news about the messes in China and Europe, coupled with the realization that this assurance of a low Fed Rate will ensure a return to 100 - 120 dollar per barrel oil, and essentially a badly devalued dollar.

      When the market went into almost full collapse yesterday, the dollar gained considerable strength in the world market.   It gained almost 90 centavos against the Mexican Peso, and the price of a barrel of oil had fallen all the way down to 78.50 dollars.   All of those tendencies went into a sharp turnabout late in the trading day.

       While it looked for a moment like there might be even the slightest effort to address the profligacy of the Washington D.C. establishment, the dollar had been gaining strength in world markets, while the Euro and the European economies are literally teetering over the abyss.   So the dollar strengthened, as usual, as a "safe harbour" for world investors.   For a bit, even gold and silver were under selling pressure.    Everything happened very quickly and left analysts leaning up against the wall, breathing heavily, and looking disheveled.    The O'bama-to-the-Rescue Teleprompter Reading that resulted in exacerbating the sell-off yesterday did not occur to-day, so things behaved irrationally to the up-side.

      It is the Old Gringo's opinion...which is sold for a very fair price....that tomorrow, early in the morning, the traders and even the more long-term investors, will say "But wait, with the return of easy money, we're still in the same mess.   Four dollar gasoline, stagnation, risk of inflation, and since the dollar will be no refuge, we're back into the 20,000 dollar/ounce gold madness.   Couple that with a mess in Europe that defies explanation as to cause, and development of a plan for extrication, and we may be looking at the perfect storm.    That will be the Perfect Storm of Fabian Socialists and Keynesian Socialists being in charge of everything for the last 50 years in Europe, and more or less in charge here for the last 90 years.

      Europe had to suffer through National Socialism for a while, along with various manifestations of the Progressive movement until allowing the real Reds, Pinkoes, and other people who really care about taking care of the poor to have the reins to the horses.    Now, even  the strongest horse in the stable, Germany, is going to crack under the weight of trying to pull every other country in the European Economic Community.   France, number two, is wobbling.    Italy, Spain, Portugal, and Ireland are essentially ready to be annexed by Libya and colonized by pioneers from Zimbabwe.  (not quite)

       All of this is prelude to tomorrow's opening which will be presided over by a bunch of people who are exhausted from irrational exuberance from to-day and fear, phobia, and anxiety from yesterday, and receiving fresh information about Euro-wobble in the morning.

        More information will be dribbling out during the next few months about the labour disorders in Red China along with "peculiar" accounting practices and great projects falling apart before the ribbon-cuttings.   This will have some good, but mainly bad effect oddly enough, upon the United States.

     Enough of my grumblings.   The pesos went...in one week, from 11.35/1 to 12.50/1 mid-day to-day, to the present hour's 12.20/1 exchange rate.    That is the greatest loss for the peso in three years, and the fastest recuperation ever.   So, until the morning.   Thanks for the time and interest.

El Gringo Viejo

The Standard and Poor's stock market index fell 6.66%, Timmy

Don't worry, little people who don't really matter, We have
everything under control.   We will take care of you.  We
know best.   It's all the Tea Baggers' fault, and we're having
Mr. Holder, Miss Napolitano, and the IRS take care of them
right now.

     There are a broad body of social security recipients who are not afraid of you, Timmy.  Your sly, side-wise glint at the interviewer looked like some kind of bad imitation of a bad imitation actor, acting in a bad imitation gangster film.   When you were asked about "Granny's" social security check, and whether or not you could guarantee that "Granny" would be able to count on her check after the 2nd of August,  the Old Gringo will never forget, in the few years he has left, your sneaky little half-smile....and your heart-rending confession that there was no way you could guarantee such a thing....if the Republicans put their political interests over the necessities of "Granny". 

     Timmy, you were so heroic.   Just hours later, your boss, Barry, would equal the thuggery you put into play by sending out his inspiring and dedicated spokespeople to make sure that if the Tea Party would not okay tax increases on those who make too much money...who don't need that extra money...then Kwanzaa would be a very sad holiday for a lot of coloured children.    The White House heavyweights had to make sure that the "American People" knew that the Tea Party was going to take Kwanzaa away from the children.

      Then, the defenders of good and polar bears, all the minions of enlightenment trundled out to tell the press that rich, white Republicans prefer gridlock to Government Inspection of ground turkey meat.    And these same Republicans also want cities to do away with police protection and fire departments so that Granny will die, starving to death, being beaten by a thug, during a fire, while her grandchildren have to eat from old cans of dog food for Kwanzaa Eve supper.    All Republicans are rich, white people who want to take the poor people's money and benefits, and let them starve to death in the dark, in pain, and misery, and that goes double for poor people who are old, children, and minorities: we are this told by the Barry and MSM, on a daily basis.

        There are still a small minority of people in parts of the country that do not matter to important people like you and Barry, Timmy.   The geezers among them frequently do not see their social security check as a favour deigned by an omnipotent, beneficent entity to be given as a crumb for which we must grovel and be grateful.    There are those of us who see the program as the Ponzi scheme that it is...along with Medicare, which was sold to geezers as "free medical care", paid for by "the government".    There are those of us who use it, because we paid into it.   If it all goes away tomorrow, there are those of us who will say, "Thank all the Saints in Heaven", because we know that our children and grandchildren and all their descendants will be freed from the bondage of government largess....of "free money" from Washington.

        There are those of us who know that obesity is caused by  diets and artificial sugar.   There are those of us who know that a helping crutch always leads to weakened muscles.   There are those of us who know that when there is "free money" to be had, prices rise and hucksters arrive.   There are those of us who know that paying for children who are born without support will lead to the production of children who are born without support.

          There are those of us who know that one-third of all social security monies are spent at the casinos and in the purchase of lottery tickets.   There are those of us who know that 1/1oth of all social security monies are sold at a discount for the purpose of buying things that need to be bought with cash.

        You see, Timmy, we know that you are a slimy little thug.   We know that you are unqualified for almost any position of trust.   We know that by your own admission you are either incompetent at basic bookkeeping, a liar, or a thief....or all three.     We know that you cannot answer basic questions about the United States Constitution during Congressional hearings.

   You know that you are above rules that apply to "other people" ...because you are important.....and superior.   You must be important because you hang around with other incompetent, lying, arrogant thugs on Wall Street, in the White House, you can curse in mixed company in the grossest way,  and you hate Jews, believe in "from each according to his ability, to each according to his need" like important people do.   And, to repeat, you are also an incompetent, lying, arrogant, thief like the rest of the people around you who are vieing to be the new Himmler or Goebbels or Goering or Hess to this newest occupant of the Throne of the Maximum Great Eternal Beloved Leader of the Socialist Utopia of  Enat Hager.

      The market fell again, to-day, Timmy.   Standard and Poor's index fell by the odd amount of 6.66% .   Time for me to go, Timmy.  Granny might find my cat-food tin, and she can't have any.   It's mine...I like seafood delight and she can't have any.

Your humble and grovelling servant....

El Gringo Viejo

Open Letter to Conservatives

Welcome and hello;

 (1)    The present President of the United States is and has been dedicated to the total destruction of America as a viable entity.
          Stop buying or believing the notion that the President must "learn" this or that....or that the President "needs to see"....or that the President "has to change" or that the President "must create jobs".

     The present occupant of the office is dedicated to the "fundamental transformation of the United States."   He sees everything from a marxist point of view....always has....always will.   His high school in Hawai'i, his training at university, his dedications after university..ACORN attorney....Jeramiah Wright "church" attendance, his friends and associates at every turn have brought him to where is is and has chosen to be.   He has been and continues to be a marxist, nihilist, Jew-hater, anti-free enterprise, and a believer in absolute revolution from the left....expropriations, executions and imprisonment of enemies of the Revolution, nationalisation of business, industry, labour unions.  Co-opting of churches, institutions, and the arts are all goals ofthis president and his minions.
http://www.americanthinker.com/2008/07/what_barack_obama_learned_from.html  
   He and they are building upon a thirty year preparatory "softening up" period we have been going through, courtesy of and by the popular culture and the mainstream media.

     Everything the president has done to this point has been directed by his credo....hate America....destroy America....incite the poor, the blacks, the slack-jawed mentally dull, violence-prone labour union thugs....while saying things every now and then that are written in a dim room of Disneyland's Fantasyland world.   "We need to come together" ..."We need to tone down the rhetoric".."We need to seek compromise"...."We need to all stop thinking in partisan terms"....   BUT, those of us with an attention span of longer than 14 seconds know it is the president who says "The Cambridge police behaved stupidly"....It is the president who immediately violates his own admonitions about civility at each intersection of the public discourse.   He always accuses his opponents of doing what he actually does himself.

(2)     It is not the job of the president to create jobs.
         When somebody says "Governor Perry created 100,000 jobs"...."O'bama created 1,000.000 jobs" ..."Reagan created 20,000.000 jobs"....PLEASE, Give Me A Break!!!!     Jobs...employment, aka wage-slavery...can only be created by risks taken by private sector employers.  These jobs an be derived from existing or newly established businesses.    Reagan himself said that his job was to get the government and he, himself, out of the way, and let the Amerian people do what they do best....make America the most prosperous place on Earth.

     The word "jobs" is a word used by people of limited intelligence who participate in focus groups.  The Democrats and the president's people know that the vast majority of their potential voters are of limited intellectual ability.   They also know that these potential voters are full of vitriol and hatred for anyone who has anything more, bigger, better, or newer.   They live mainly in a pyschological zone of entitlement, bitterness, sloth, and envy compounded with the problem that they have little or no ability to think critically.

      Yes, I mean it.   They are led around by the nose by poofy elites, by Oprah and Imitation Oprahs, by politicians who know the tax, tax, spend, spend, elect, elect process.   Nancy Pelosi does not give a floomdoofle about the "urbans".  She only wants them to vote for more "income transfer" so that she can live by her vineyard and keep up with her monthly face-lift schedule.

       POLITICIANS DO NOT CREATE JOBS.   THEY SUCK UP DOLLARS FROM DUMBOES WHO PAY TAXES.   PUBLIC WORKERS DO NOT CREATE JOBS, THEY LIVE OFF THE TAXES PAID BY DUMBOES.   THERE IS NO SUCH CONCEPT SUCH AS 'PUMP PRIMING' OR 'INVESTING IN INFRASTRUCTURE' THAT ACTUALLY WORKS AS IT IS SOLD.   FRANKLIN DELANO ROOSEVELT DID NOT SAVE AMERICA FROM THE GREAT DEPRESSION.   HE and his marxist engineers protracted the Depression with the brilliant schemes like calf-slaughtering and milk-can emptying in the streets, projects brought to America by people like Harold Ickes, Sr. that were actually in force during the murderous rampage of Stalin against the Georgian farmers.  Only World War II cured the Great Depression.

(3)    Please let us realise that this president is not "wrong".
        He is right on path.  He is intentionally doing that which is intended to destroy America.   There can be no compromise with him and/or his allies.   They will not compromise with us....they intend to enslave our children and steal our assets. It is that simple.    Remember that we have a "ranking senator" who was nominated to be the Democrat candidate for the presidency by a child pornographer who lied about the information leading to his being awarded a Silver Star for Gallantry under fire....and who also recommended that same award for that same senator.   This is the value these people have for America.
        And the very important, ranking Democrat Senator, who speaks French, and served in Viet Nam,  calls the Tea Party dumboes "terrorists" and "suicide bombers"?
     There is one thing for certain, Mr. Important Senator.   If two rallys were held side by side, one with Republicans and Tea Party Dumboes, and the other with Democrats, Union members, and ACORN people, there would only be one that would need to be repaired and/or cleaned up of litter, pampers, filth, garbage, graffiti, and narcotic paraphernalia.    You choose which one.


Finally, this racial thing.   Old Gringo will assure the Earth....and all you extraterrestrials out there...(and all others concerned) that if O'bama's peoples' racist elements were removed from his coming vote total and the rightwing, Republicanoids were to have their racist elements removed, and neither side's racist elements could vote, then the outcome would be 70 - 30 in favour of the Republicanoids.   
     By the way....the Republicans added two Latino seats and two African American seats to the Lower House and one Latino seat to the Upper House during the 2010 Congressional elections.....THE  DEMOCRAT PARTY ADDED NONE.  Tick-tock, tick-tock.
More Later
El Gringo Viejo

Spill Over??

     You all are aware that the Old Gringo grumbles about the  press's inability to get anything right....almost, it seems, purposefully choosing to mis-report events and facts.   When terms are used repeatedly incorrectly, and when facts are repeatedly misstated, one can chalk it up to lying, ignorance, or stupidity, almost always, or to a combination of the three.

      The new "for instance" is telling.   The McAllen Monitor, very much a border-based newspaper, being published about eight miles from the international border with Mexico, has long warned that "someday" we are going to see "spill-over" violence coming out of Mexico and into the Lower Rio Grande Valley.   Any time now,  some time soon, any moment, it's bound to happen in the near future.

     The Old Gringo has written how such matters have always been with us, since the establishment of the Rio Grande as the international boundary.  He has also demonstrated how, in its new encarnation, the drug/cartel wars being conducted on Texas soil has been going on since the mid-to-latter 1960s.

This is not an estimate or a surmision, or a guess.   It is just the facts.

      The same McAllen Monitor that runs articles very frequently forecasting this coming "spill-over" ran an article in this Sunday's paper, section A, page 1, above the fold...."ICE detains convicted Mexican national.....the 45 year-old who served time in a U.S.  (sic) prison for murder, faces illegal re-entry charges".

     The article goes to to explain that Juan Gilbert Hinojosa Gonzalez was convicted 21 years ago and sentenced to prison for involvement and participation in the murders of four men.   Juan, who is a really nice fellow, decided to clean up the area where the encounter took place by piling hay bales on top of the four dead men.    To make certain that no litter would befoul the sacred soil of Texas, Juan was good enough to saturate the area with diesel fuel and set everything on fire.    The fire was so intense that it melted the metal of the 1976 Ford pick-up, and completely immolated the four previous associates of Juan and his accomplices.
     It is not that the Old Gringo is pegging things to that date....this event was so common by that time that everyone knew that the whole of South Texas was awash with....was tsunami'd by....drug trafficking and its associated violence.
As early as 1981, the Old Gringo was present at a get-together where certain grand poobahs of the Lower Rio Grande Valley's financial sector were gloating that the "Carter Recession" had not been so bad for the Valley as for the rest of the country because we had everyone on food stamps and the drug trade was bringing a lot of money into the  Valley that it otherwise would not have.    By that time it had been in full swing for a decade and a half.
      Back then it was two or three bodies of being dragged out of orchards and canals every week.   Now it's five or ten in the four county area.   In the beginning there were no complex gang organizations, but that ended by the mid 1970s  with the establishment of the Triple City Bombers (TRCs) and the Los 13s, advanced glue sniffers who went about killing each other in drive-bys and the like.   Great Society graduates.   Majored in AFDC and all suffering from terminal food stamp poisoning.
     In any regard....because the Old Gringo really could bore everyone to tears with several thousand examples of spill-over violence and explanation of the sources...spill-over violence has been pronouncedly occurring in the Lower Rio Grande Valley, as defined in present day terms, for forty years.   Please note that the Sheriff of Starr County who arrested the perpetrators of these murders went to stay with the Texas Department of Corrections for a good long while shortly after this crime went down.      http://www.mapinc.org/drugnews/v00/n1108/a06.html

     That's okay though, because his chief deputy was appointed to serve, and was later elected to the position in his own right, and then re-elected.....but, alas and alack....he did not quite make it to the end of his second term due to massive corruption charges and, like his predecessor, connections to organized crime.   His story that he can point to with pride with his grandchildren is found at this link  http://www.themonitor.com/articles/starr-30026-county-years.html ,

     The Old Gringo could go on with this cut and paste for the next millennium.  It is twice a week now, a policeman, a border patrolman, a customs inspector, a Sheriff or deputy.....for instance, Hidalgo County, BEFORE these above mentioned incidents lost a Sheriff for taking gifts and  favours, and other matters....he went to prison for a good long while....and you all need to remember that Hidalgo County is the 6th largest of Texas's 254 counties.   The District Attorney....an arrogant old fool to begin with...managed to....Well, that's a messy story for some other time.     http://www.texnews.com/texas97/corrupt092597.html

     Finally, the good news is that Juan the Body Torcher was sentenced to 35 years in Texas, but was released with good time after about 20 years.   He was then deported, but snuck back into the United States where he was hiding in a rural area around Rio Grande City, perhaps the epicenter of drug trafficking in the world.   He was captured and turned over to the ICE people, who will in turn probably turn him over to the State of Texas Department of Corrections on a parole violation charge.   Juan's three accomplices are still serving life sentences.   Their four drug trafficking competitors are still dead.

Thanks for your time.    Beware of Spill-over...so as to not get any on your new white shirt.
El Gringo Viejo

          

 

More Success

The Mexican Army and the Naval Infantry have officially confirmed the extermination of the leader and leadership of the Nuevo Laredo cell of the ZETA group.  They also captured, in Saltillo,  the cell's  chief financial officer who had all the account keys to bank accounts (probably in Saltillo, Monterrey , McAllen, Nuevo Laredo, Laredo, San Antonio, Houston,  Mexico City, San Luis Potosi, Panama' City, Caracas, and Habana).  They also killed 30 members of the cartel during the 2 week sweep, liberated 212 people being held for ransom or "increased service charges'" who were being detained in safe houses.   The also captured over one-thousand arms, none of which could be traced to the United States or to gun stores in Texas nor were they in good repair, and 45 motor vehicles.

     Mexican Armed Forces suffered one dead (a hero), six wounded to require medical intervention (also heroes) and six military vehicles damaged or destroyed.    These figures are corroborated by on the ground observers. 

      Sixty-three tons of marihuana, 900 pounds of methamphetamine, 140 pounds of cocaine, and 100 pounds of Mexican black tar and Colombian brown heroin were also captured and will be destroyed next weekend in a public place.

       Similar reports are expected for the Military sweeps in Reynosa and Matamoros.   Those reports will be finalized and made public in the coming days.  Once again, the military is giving the credit to good information being forwarded to them by the "anonymous denunciation" telephone and cyber links.

Just an up-date that you all deserve.    Our area around Cd. Victoria has been very quiet...very dull and boring for a good while now.    Still much to be done, but we are heading on the right road and in the right direction.

Thanks for your time and attention.

El Gringo Viejo

Favourite Hypocrisies....

One of my favourite examples of the sneering, snickering posturing of marxists who love to denigrate the "American Way of Life" is Pete Seeger's singing of the sarcastic and oh!-so-enlightened social observation of degenerate, dull, America, a song called "Little Boxes"....you can clique on to the song below.

      This picture indicates the success of communism in avoiding the dullness of the American concept of domestic and commercial construction.    It makes a guy proud to think that we have such salient, relevant observers of the human condition and the correct path for humanity in the arts.   It makes a person wonder, "Where have all the flowers gone?"  and all that important stuff.

http://youtu.be/La21jYGIQ8k

                                                                           AP

                                                           Central Pyongyang

     You know it's bad when a pro-marxist group like the AP publishes pictures of the "little boxes" brought to us by "housing programs", "urban renewal", "great leaps forward", "Housing and Urban Development" and other "New Slums for Old" programs and shovel ready projects.

Wishing everyone a merry Kwanzaa, the Old Gringo thanks you for your time and patience.     And remember, this land is my land, it's not your land, the Department of the Interior expropriated your land because I needed it more than you did.   You'll understand, I'm sure, ciao!.

El Gringo Viejo