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New JB Commercial

I want to go work out now

RIP Black America

I am glad that someone has called out Black Women but all women needed to be called out for choosing these losers.

What part of the game is that?

Are you not waiting for this "marriage" to end? I have the under on 6 months

End of Capitalism in America?

Yes, Wall Street has lost its moral compass. They created the mess, now, like vultures, they're capitalizing on the carcass. They have lost all sense of fiduciary duty, ethical responsibility and public obligation.

Here are the Top 20 reasons American capitalism has lost its soul:
1. Collapse is now inevitable

Capitalism has been the engine driving America and the global economies for over two centuries. Faber predicts its collapse will trigger global "wars, massive government-debt defaults, and the impoverishment of large segments of Western society." Faber knows that capitalism is not working, capitalism has peaked, and the collapse of capitalism is "inevitable."

When? He hesitates: "But what I don't know is whether this final collapse, which is inevitable, will occur tomorrow, or in five or 10 years, and whether it will occur with the Dow at 100,000 and gold at $50,000 per ounce or even confiscated, or with the Dow at 3,000 and gold at $1,000." But the end is inevitable, a historical imperative.
2. Nobody's planning for a 'Black Swan'

While the timing may be uncertain, the trigger is certain. Societies collapse because they fail to plan ahead, cannot act fast enough when a catastrophic crisis hits. Think "Black Swan" and read evolutionary biologist Jared Diamond's "Collapse: How Societies Choose to Fail or Succeed."

A crisis hits. We act surprised. Shouldn't. But it's too late: "Civilizations share a sharp curve of decline. Indeed, a society's demise may begin only a decade or two after it reaches its peak population, wealth and power."

Warnings are everywhere. Why not prepare? Why sabotage our power, our future? Why set up an entire nation to fail? Diamond says: Unfortunately "one of the choices has depended on the courage to practice long-term thinking, and to make bold, courageous, anticipatory decisions at a time when problems have become perceptible but before they reach crisis proportions."

Sound familiar? "This type of decision-making is the opposite of the short-term reactive decision-making that too often characterizes our elected politicians," thus setting up the "inevitable" collapse. Remember, Greenspan, Bernanke, Bush, Paulson all missed the 2007-8 meltdown: It will happen again, in a bigger crisis.
3. Wall Street sacked Washington

Bogle warned of a growing three-part threat -- a "happy conspiracy" -- in "The Battle for the Soul of Capitalism:" "The business and ethical standards of corporate America, of investment America, and of mutual fund America have been gravely compromised."

But since his book, "Wall Street America" went over to the dark side, got mega-greedy and took control of "Washington America." Their spoils of war included bailouts, bankruptcies, stimulus, nationalizations and $23.7 trillion new debt off-loaded to the Treasury, Fed and American people.

Who's in power? Irrelevant. The "happy conspiracy" controls both parties, writes the laws to suit its needs, with absolute control of America's fiscal and monetary policies. Sorry Jack, but the "Battle for the Soul of Capitalism" really was lost.
4. When greed was legalized

Go see Michael Moore's documentary, "Capitalism: A Love Story." "Disaster Capitalism" author Naomi Klein recently interviewed Moore in The Nation magazine: "Capitalism is the legalization of this greed. Greed has been with human beings forever. We have a number of things in our species that you would call the dark side, and greed is one of them. If you don't put certain structures in place or restrictions on those parts of our being that come from that dark place, then it gets out of control."

Greed's OK, within limits, like the 10 Commandments. Yes, the soul can thrive around greed, if there are structures and restrictions to keep it from going out of control. But Moore warns: "Capitalism does the opposite of that. It not only doesn't really put any structure or restrictions on it. It encourages it, it rewards" greed, creating bigger, more frequent bubble/bust cycles.

It happens because capitalism is now in "the hands of people whose only concern is their fiduciary responsibility to their shareholders or to their own pockets." Yes, greed was legalized in America, with Wall Street running Washington.
5. Triggering the end of our 'life cycle'

Like Diamond, Faber also sees the historical imperative: "Every successful society" grows "out of some kind of challenge." Today, the "life cycle" of capitalism is on the decline.

He asks himself: "How are you so sure about this final collapse?" The answer: "Of all the questions I have about the future, this is the easiest one to answer. Once a society becomes successful it becomes arrogant, righteous, overconfident, corrupt, and decadent ... overspends ... costly wars ... wealth inequity and social tensions increase; and society enters a secular decline." Success makes us our own worst enemy.

Quoting 18th century Scottish historian Alexander Fraser Tytler: "The average life span of the world's greatest civilizations has been 200 years" progressing from "bondage to spiritual faith ... to great courage ... to liberty ... to abundance ... to selfishness ... to complacency ... to apathy ... to dependence and ... back into bondage!"

Where is America in the cycle? "It is most unlikely that Western societies, and especially the U.S., will be an exception to this typical 'society cycle.' ... The U.S. is somewhere between the phase where it moves 'from complacency to apathy' and 'from apathy to dependence.'"

In short, America is a grumpy old man with hardening of the arteries. Our capitalism is near the tipping point, unprepared for a catastrophe, set up for collapse and rapid decline.
15 more clues capitalism lost its soul ... is a disaster waiting to happen

Much more evidence litters the battlefield:

1.

Wall Street wealth now calls the shots in Congress, the White House
2.

America's top 1% own more than 90% of America's wealth
3.

The average worker's income has declined in three decades while CEO compensation exploded over ten times
4.

The Fed is now the 'fourth branch of government' operating autonomously, secretly printing money at will
5.

Since Goldman and Morgan became bank holding companies, all banks are back gambling with taxpayer bailout money plus retail customer deposits
6.

Bill Gross warns of a "new normal" with slow growth, low earnings and stock prices
7.

While the White House's chief economist retorts with hype of a recovery unimpeded by the "new normal"
8.

Wall Street's high-frequency junkies make billions trading zombie stocks like AIG, FNMA, FMAC that have no fundamental value beyond a Treasury guarantee
9.

401(k)s have lost 26.7% of their value in the past decade
10.

Oil and energy costs will skyrocket
11.

Foreign nations and sovereign funds have started dumping dollars, signaling the end of the dollar as the world's reserve currency
12.

In two years federal debt exploded from $11.2 to $23.7 trillion
13.

New financial reforms will do little to prevent the next meltdown
14.

The "forever war" between Western and Islamic fundamentalists will widen
15.

As will environmental threats and unfunded entitlements

"America Capitalism" is a "Lost Soul" ... we've lost our moral compass ... the coming collapse is the end of an "inevitable" historical cycle stalking all great empires to their graves. Downsize your lifestyle expectations, trust no one, not even media.

Faber is uncertain about timing, we are not. There is a high probability of a crisis and collapse by 2012. The "Great Depression 2" is dead ahead. Unfortunately, there's absolutely nothing you can do to hide from this unfolding reality or prevent the rush of the historical imperative.

McNair Update

NASHVILLE, Tenn. (AP)—Ex-NFL quarterback Steve McNair’s(notes) mistress exchanged messages for weeks with the man who sold her the gun she used to kill McNair and herself, police said Tuesday.

The findings came a day after investigators released 50 text messages between McNair and Sahel Kazemi they say supports their conclusion of a murder-suicide because she was desperate over money and feared their relationship was ending.

Football Stories ResonatingLatest on tragic death of college football player Fallout from vicious hit in NFL game Police spokesman Don Aaron said Kazemi also was in contact weeks before the July 4 killings with Adrian Gilliam, who pleaded guilty to gun charges for selling the weapon to her.

Aaron declined to say more about the exchange of messages, first reported by CBS News, because Gilliam was awaiting sentencing in December. Police say Kazemi bought the gun from Gilliam the night of July 3, and used it hours later.

“The Police Department has been aware that their relationship was more than we were initially led to believe,” Aaron told The Associated Press.

According to the CBS report, Gilliam and Kazemi exchanged more than 200 calls more than three weeks before the murder-suicide, including 49 texts and calls the day before.

Police also said Kazemi texted McNair on July 3 to say she was so stressed she might have a breakdown and asked for $2,000 to pay bills. Texts show McNair had someone transfer the money.

Aaron repeated Tuesday that there’s no reason to believe the case should be reopened.

“Given the totality of the evidence as we know it now … the conclusion of the murder-suicide classification has not changed,” he said.