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  1. #1
    Senior Member db51 is on a distinguished road
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    The 2012 Db51 Daily Dose of Doom Thread "New and Improved"

    Happy 100th Anniversary Titanic Maiden Voyage - April 10, 1912. A fitting trubute to this country - whose deck chair rearrangment is almost complete. The political elites and banksters are in the lifeboats and we're screwed.

    Have a nice day.

  2. #2
    Senior Member verbatime is on a distinguished road verbatime's Avatar
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    Quote Originally Posted by db51 View Post
    Happy 100th Anniversary Titanic Maiden Voyage - April 10, 1912. A fitting trubute to this country - whose deck chair rearrangment is almost complete. The political elites and banksters are in the lifeboats and we're screwed.

    Have a nice day.

    No they're safe and on dry land firing icebergs at us.

  3. #3
    Banned Faust100F is on a distinguished road
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    Nice to see Db started a new gloom thread for those of us who believe our glass is half empty. So to start it off, I thought I would post the following letter from the CME setting up their little $25,000 indemnity fund, for cattle ranchers and hedgers like the 48 Ranch who were Corzined at MF Global. (taken from Barnhardt website) This should make 48 whole and enable him to feel good about the action now being taken by this outfit. Doesn't this just make everyone that got the shaft feel whole, and that justice has now been done? LMAO! John

    To Our Valued Customers,
    We are pleased to announce that registration resources are now available for the CME Group Family Farmer and Rancher Protection Fund. This $100 million program has been established to provide further protection of customer segregated funds for U.S. family farmers and ranchers who hedge their business in CME Group futures markets. For registration forms and further information, please consult [url]www.cmegroup.com/familyfarmerfund[/url].

    Under the terms of the Family Farmer and Rancher Protection Fund, farmers and ranchers using CME Group products will be eligible for up to $25,000 per participant in the case of losses resulting from the future insolvency of a clearing member or other market participant. Farming and ranching cooperatives also will be eligible for up to $100,000 per cooperative.

    Since the failure of MF Global, in which a clearing firm violated CFTC regulations and misused customer funds that should have been kept segregated, CME Group has taken aggressive action to get our customers back to business and to speed the return of customer property. Going forward, we are working with the National Futures Association, the Futures Industry Association, and the entire industry to focus on holistic solutions to further strengthen protection of customer funds at the firm level. The Family Farmer and Rancher Protection Fund therefore is a first step - an extra security measure to protect the country's food producers - in what we expect to be a series of enhancements.

    We continue to actively work with the industry to further strengthen customer fund protections, and we will continue to keep you updated on these efforts through our website, [url]www.cmegroup.com/mfglobal[/url].

    Sincerely,
    Bryan

  4. #4
    Banned IA CORN FARMER is on a distinguished road
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    Say, last time you guys had the "Doom Thread", you told me I wasn't allowed to post on it because I mainly had only positive/good news to share. Are the rules still the same, being that IA CORN FARMER isn't allowed to post on the "Doom Thread"? Thanks.

  5. #5
    Banned Faust100F is on a distinguished road
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    ICF - I am sure that this time around we will get you converted, we like people who still believe in miracles and reside North of I-80. We will get your glass half empty this year, especially when the late freeze wipes out your corn crop around May 15th, Barry slaps a grain embargo on China, and EPA shuts down the ethanol plants in your neighborhood. LMAO! John

  6. #6
    Banned IA CORN FARMER is on a distinguished road
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    Quote Originally Posted by Faust100F View Post
    ICF - I am sure that this time around we will get you converted, we like people who still believe in miracles and reside North of I-80. We will get your glass half empty this year, especially when the late freeze wipes out your corn crop around May 15th, Barry slaps a grain embargo on China, and EPA shuts down the ethanol plants in your neighborhood. LMAO! John
    LMAO!!! Everyone is a joker, aren't they! It is supposed to get down to 24 tonight for the temp in NC Iowa. A little cold here this morning too. Yea, if the EPA shut-down the 4 ethanol plants just in my area, there goes our basis levels all shot to hell in NC Iowa. LOL
    Trying to decide the outcome of this mornings report, I heard of "Maybe" some corn/bean switching of acres on some acres that the guys left open and didn't prep for corn. Also, extremely, extremely dry up here, should be interesting.

  7. #7
    Banned Faust100F is on a distinguished road
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    ICF -Just received an email for FSA regarding soil moisture conditions. In my areas we have 81% adequate top soil moisture and 74% adequate subsoil moisture. I looked at North Central Iowa and I notice your top soil moisture was 44% adequate and Subsoil moisture was 41% short. Kinda see what you are saying about it being kinda dry up there, but you have enough to get that 250 bu. yield of $4 corn. lol. I think this would be a good time to start thinking about adopting our glass half empty philosophy. John

  8. #8
    Banned Faust100F is on a distinguished road
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    Found this little article on one of my doom sites. If you are a liberal perhaps you can defend the issues raised in the article. John

    The Hard Working American vs. The Government Parasite

    Which lifestyle choice produces better results - being a hard working American or being a government parasite? Actually, when you look at the cold, hard numbers they may just surprise you. In America today, we deeply penalize hard work and we greatly reward government dependence. If you live in a very liberal area of the country and you know how to game the system, it is entirely possible to live a comfortable existence without ever working too much at all. In fact, there are some Americans that have been living off of "government benefits" for decades. Many of these people actually plan their lives around doing exactly what they need to do to qualify for as many benefits as possible. America is rapidly turning into a European-style socialist welfare state and it is destroying our nation socially and financially. Ever since the "war on poverty" began our debt has absolutely exploded and yet now there are more poor people in this country than ever before. Obviously something is not working.

    Now don't get me wrong. I deeply believe in having compassion for those that are going through tough times and having a safety net for those that cannot take care of themselves. We should not have a single person in this nation going without food or sleeping in the streets.

    But in America today it is absolutely ridiculous how many people are climbing aboard the "safety net". At this point, an astounding 49 percent of all Americans live in a home that receives some form of government benefits.

    So who pays for all of this?

    The people that drag themselves out of bed and go to work each day pay for it all.

    For a few moments, let's examine how the lifestyle of a typical hard working American compares to the lifestyle of a government parasite.

    In America today, the median yearly household income is somewhere around $50,000. About half of all American households make more than that and about half of all American households make less than that. When you break it down, it comes to about $4000 a month.

    So how far does $4000 go in America today?

    Unfortunately, it doesn't go very far at all.

    First of all, a hard working American family will need some place to live. Unfortunately, the vast majority of the decent jobs are near the big cities, and it is more expensive to live near the big cities. Let's assume that an average family of four will spend about $1000 a month on rent or on a mortgage payment.

    The government parasite, on the other hand, has a whole host of federal, state and local housing programs to take advantage of. During the recent economic downturn, more Americans than ever have been turning to the government for help with housing costs. For example, federal housing assistance outlays increased by a whopping 42 percent between 2006 and 2010.

    Once you have a place to live, you have to provide power and heat for it. For the average hard working American, this is going to probably average about $300 a month, although this can vary greatly depending on where you live.

    For the government parasite, there are once again a whole host of government programs to help with this. For example, LIHEAP (Low Income Home Energy Assistance Program) assists low income households in paying their home heating bills.

    Most average hard working Americans are also going to need phone and Internet service. Let's assume that the hard working family of four in our example is extremely thrifty and only spends $100 a month for these services.

    For the government parasite, cell phone service is not a problem. As I have written about previously, those that "qualify" can receive a free cell phone and free cell phone minutes every single month from the federal government. In addition, in some areas of the nation low income families can qualify for deeply subsidized home Internet service.

    In order to earn money, our hard working family is going to need to get to work. In most households, both parents have decided to work these days so both of them will need cars. Let's assume that the family is very thrifty and that both cars were purchased used and that the car payments only total about $400 a month.

    The hard working family will also need auto insurance for the two vehicles. Let's assume that both parents have a great driving record and that they only pay a total of about $100 a month for car insurance.

    The cars will also need to be filled up with gasoline. The average U. S. household spent $4155 on gasoline during 2011, but let's assume that our family is very, very careful and that they only spend about $300 on gas each month.

    So what about the government parasite? Well, the government parasite does not need to go to work, so this expense can potentially be eliminated entirely. But since most other things are paid for by the government or are deeply subsidized, in many instances government parasites are actually able to afford very nice vehicles.

    In addition, a new bill (The Low-Income Gasoline Assistance Program Act) has been introduced in Congress that would give "qualifying" households money to help pay for gasoline....

    Low-Income Gasoline Assistance Program Act - Directs the Secretary of Health and Human Services to make grants to states to establish emergency assistance programs to pay eligible households for the purchase of gasoline.

    A hard working American family is also going to need health insurance. Well, we all know how expensive health insurance has become. In fact, health insurance costs have risen by 23 percent since Barack Obama became president. But let's assume that our hard working family has somehow been able to find an amazing deal where they only pay $500 a month for health insurance for a family of four.

    For the government parasite, health insurance is not needed. If there is an emergency, the government parasite can just go get free medical care at any emergency room.

    And of course there is always Medicaid. Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse. It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

    So what about food?

    Everyone has to eat, right?

    Well, the hard working family in our example is faced with an environment where food prices are constantly rising but paychecks are not keeping up. Let's assume that the hard working family in our example clips coupons and cuts corners any way that it can and only spends about $50 for each member of the family on food and supplies each week. That comes to a total of $800 a month for the entire family.

    So what about the government parasite?

    Government parasites need to eat too.

    Well, that is where food stamps come in. Right now, there are more than 46 million Americans on food stamps. Since Barack Obama became president, the number of Americans on food stamps has increased by 14 million. Food stamps have become so popular that rappers are even making rap videos about using food stamp cards.

    Okay, so after all of this where do we stand?

    Well, the average hard working family so far has spent $3500 out of the $4000 that they have to spend for the month.

    We still need to find money for clothing, for paying off credit card debt, for paying off student loan debt, for dining out, for entertainment, for medications, for pets, for hobbies, for life insurance, for vacations, for car repairs and maintenance, for child care, for gifts and for retirement savings.

    But wait.

    There is actually no money left at all because we have forgotten one of the biggest expenses of all.

    Taxes.

    When you total up all federal, state and property taxes, our average hard working family is going to pay at least $1000 a month in taxes.

    So that puts our average hard working family in the hole every single month.

    Meanwhile, the government parasite does not pay any taxes because he or she does not earn enough money to be taxed.

    Are you starting to get the picture?

    In many ways, life can be so much easier when you are constantly taking from the government instead of constantly giving to the government.

    New Jersey Governor Chris Christie recently put it this way....

    "We'll have a bunch of people sitting on a couch waiting for their next government check"

    Once again, I am not dumping on those that have been through all kinds of nightmares because of this economy. As I have written about so frequently, the U.S. economy is simply not producing enough jobs for everyone anymore, and this is creating major problems.

    Just about everyone needs a helping hand at some point, and we should always be compassionate to those that are in need.

    However, there is also a growing number of Americans that are content to simply give up and live off of the government, and that is fundamentally wrong.

    It is not the job of the U.S. government to take care of you from the cradle to the grave. What the U.S. government is supposed to do is to make sure that we have a well functioning economy that operates in an environment where hard working individuals and small businesses can thrive, and sadly the U.S. government has failed miserably in that regard.

    We desperately need the U.S. economy to be fixed, but I wouldn't hold my breath waiting for that to happen.

    As economic conditions get even worse in this country, millions more Americans are going to turn to the government for assistance and at some point the safety net is going to break.

  9. #9
    Senior Member Spr@yman is on a distinguished road
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    How can we get Gov. Christie to run for prez? The guy has the principals, morals, backbone and historical prespective already that this country needs. He says not now, not never but can we wait 4 years? He has the guts to say and do what needs to be done. Its amazing what New Jersey has done under his leadership, especially after the mess he picked up from Jon Corzine. Just saying.

  10. #10
    Banned IA CORN FARMER is on a distinguished road
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    Quote Originally Posted by Faust100F View Post
    ICF -Just received an email for FSA regarding soil moisture conditions. In my areas we have 81% adequate top soil moisture and 74% adequate subsoil moisture. I looked at North Central Iowa and I notice your top soil moisture was 44% adequate and Subsoil moisture was 41% short. Kinda see what you are saying about it being kinda dry up there, but you have enough to get that 250 bu. yield of $4 corn. lol. I think this would be a good time to start thinking about adopting our glass half empty philosophy. John
    That's interesting what the FSA said about NC Iowa soil moisture. I think we are much shorter on moisture than that. If we don't get some rain soon, we are really going to be in tough shape. I don't know, but $165 a bag seed corn sitting there doing nothing will get expensive.

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