Come one, cum all to the CORNHOLE CHAMPIONSHIPS in Pierre South Dakota on June 19th, 2010!
Yep! That's right! The leaders of the City of Pierre have found yet another great way to re-vitalize the city, bringing in the American Cornhole Association for a GAY-la event! This will surely bring added respect for our city. No longer will the midwest be laughed at. Steamboat Park is going to be full of cornholers! We need to all make sure we bend over backwards for the event! I'm thinking "K Y" could sponsor it for the city, but if anyone has a better idea, let the Chamber of Commerce know!
For more information, just go to www.pierre.org and click on "Pierre area Cornhole Tournament" to learn all about how to Cornhole! What is Cornholing? Well, you will find out all about it on the 19th of June in Steamboat Park folks~!
I'm not sure, but I think you need to wear a "Borat" thong to compete.
If you go to the website, www.pierre.org you will see at the bottom of the page, under "Featured Events" that the "Pierre Area Cornhole Tournament" is listed just to the left of "Capital City Queen". So, after a hard day of hot sweaty cornhole fun, you can get right on the Capital City Queen and cool down your throbbing muscles.
Then, theFUN BEGINS!!!!
You can read all about how to CORNHOLE!!!
From the American Cornhole Association's website....http://www.playcornhole.org/
"The American Cornhole Association was established by a small group
of dedicated Cornholers from the west side of Cincinnati, Ohio. It has
grown over the years and, to the best of our knowledge, now represents
the largest organized Cornhole / Corn Toss association in the United States."
Dedicated Cornholers???
Under "How to play" it reveals...
"Scoring can be swift and the lead may change hands several times in a match before the winner is decided."
Saturday, February 20, 2010
Monday, February 1, 2010
Wall Street Heisted the People’s Money
January 25, 2010
by
Mike Pulaski
Public records show that the Federal Reserve has been printing money in order to buy US Treasury Notes (“Treasuries”) that no other party wants or can purchase.
To date, the US budget deficit has been largely funded by foreign purchasers of Treasuries. However, the bailout of our financial system caused the deficit to rapidly increase, causing the US to issue more Treasuries.
Recently, the deputy governor of the Peoples Bank of China said:
"The United States cannot force foreign governments to increase their holdings of Treasuries."
The rate that our deficit is growing will require a doubling of foreign purchases of Treasuries. Double China’s holdings? Their reply:
“It is definitely impossible. The world does not have that much money to buy more US Treasuries."
So the Federal Reserve has been buying the excess Treasuries! It will print more US Dollars, and then hand them over to the US Government in exchange for the Treasuries. Exchanging paper for paper.
We’re not talking trivial amounts here. The Federal Reserve has already purchased $1.7 Trillion of US debt. Yet there is still another $700 Billion that needs to be purchased in order for the US to balance its current budget!
Here’s the scary part of this whole scenario: All this newly printed money hasn’t hit Main Street yet.
Banks that received bailout money have held on to it. They are not lending it out to their customers like the Government thought they would. Instead, this new money makes their balance sheets look healthy and props up their stock prices. Additionally, they’ve used some of the bailout money to purchase equities, sending the DOW up and over 10,000 from its recent bottom of 8,000.
Let’s not forget that bankers receive commissions for selling equities back to themselves and thus get credit for their sales “production”. At the same time, the banks’ balance sheets get healthier with the increasing value of their equity holdings.
Executives’ bonuses? Since the bank balance sheets look healthy again, and since their stock prices have increased from their low, these executives seek rewards which are calculated based on stock performance and sales “production”.
Bank executives know that if they hold onto the bailout money, the US Dollar’s value will remain high compared to other world currencies. This way, bonuses the executives receive now will have a greater value than they would if the bailout money were immediately released to Main Street. Its release would cause inflation, driving the value of the US Dollar downward, making executive bonuses less valuable.
Here’s the Big Picture:
Lobbyists bought politicians’ votes that changed our banking regulations established in 1933 to prevent another Great Depression.
One of these regulations, the Glass-Steagall Act, prohibited savings banks from also being investment banks. It was repealed by President Bill Clinton in 1998.
Democrat and Republican politicians have participated in the financial deregulation. For example, the financial industry was the largest political campaign contributor to both John McCain and Barack Obama, paying each campaign nearly equal amounts.
The removal of Glass-Steagall in combination with low interest rates caused a home mortgage boom, which included the selling of subprime mortgages to high risk consumers.
Subprime mortgages were then bought by consolidators, who packaged them in bundles and sold these bundles as mortgage backed securities.
Rating agencies and insurance companies joined the bandwagon, verifying and insuring these bundles’ false values to trusting purchasers.
The consolidators, rating agencies, and insurance companies made billions of dollars in sales commissions for many years while engaged in this business.
In early 2007, the Rothschild banking companies quit their subprime purchases and sold what they had purchased. Please note that the Rothschild banking companies hold an equity interest in the US Federal Reserve, which is a privately held bank and not a government agency.
AIG, the largest insurer of mortgage backed securities, discovered their “real” value, which in turn bankrupted the company.
Other financial institutions involved with mortgage backed securities began to fail.
The sales of these securities caused our financial system to nearly implode.
Taxpayer financed bailout money saved our financial system.
Since no laws were violated, those who originally profited from these securities’ sales kept the money they deceivingly “earned”.
The future effects of the bailout on ordinary citizens are higher income taxes, inflation, and reduced social benefits.
Simply – we have been fleeced by a gang of Wall Street thugs. Although they broke no laws, they acted unethically, driven by deceit and avarice. They violated our trust as did the politicians who sold their votes for a few dollars of campaign contributions.
I think we should make every effort to recover the money from the people who participated in this scam.
by
Mike Pulaski
Public records show that the Federal Reserve has been printing money in order to buy US Treasury Notes (“Treasuries”) that no other party wants or can purchase.
To date, the US budget deficit has been largely funded by foreign purchasers of Treasuries. However, the bailout of our financial system caused the deficit to rapidly increase, causing the US to issue more Treasuries.
Recently, the deputy governor of the Peoples Bank of China said:
"The United States cannot force foreign governments to increase their holdings of Treasuries."
The rate that our deficit is growing will require a doubling of foreign purchases of Treasuries. Double China’s holdings? Their reply:
“It is definitely impossible. The world does not have that much money to buy more US Treasuries."
So the Federal Reserve has been buying the excess Treasuries! It will print more US Dollars, and then hand them over to the US Government in exchange for the Treasuries. Exchanging paper for paper.
We’re not talking trivial amounts here. The Federal Reserve has already purchased $1.7 Trillion of US debt. Yet there is still another $700 Billion that needs to be purchased in order for the US to balance its current budget!
Here’s the scary part of this whole scenario: All this newly printed money hasn’t hit Main Street yet.
Banks that received bailout money have held on to it. They are not lending it out to their customers like the Government thought they would. Instead, this new money makes their balance sheets look healthy and props up their stock prices. Additionally, they’ve used some of the bailout money to purchase equities, sending the DOW up and over 10,000 from its recent bottom of 8,000.
Let’s not forget that bankers receive commissions for selling equities back to themselves and thus get credit for their sales “production”. At the same time, the banks’ balance sheets get healthier with the increasing value of their equity holdings.
Executives’ bonuses? Since the bank balance sheets look healthy again, and since their stock prices have increased from their low, these executives seek rewards which are calculated based on stock performance and sales “production”.
Bank executives know that if they hold onto the bailout money, the US Dollar’s value will remain high compared to other world currencies. This way, bonuses the executives receive now will have a greater value than they would if the bailout money were immediately released to Main Street. Its release would cause inflation, driving the value of the US Dollar downward, making executive bonuses less valuable.
Here’s the Big Picture:
Lobbyists bought politicians’ votes that changed our banking regulations established in 1933 to prevent another Great Depression.
One of these regulations, the Glass-Steagall Act, prohibited savings banks from also being investment banks. It was repealed by President Bill Clinton in 1998.
Democrat and Republican politicians have participated in the financial deregulation. For example, the financial industry was the largest political campaign contributor to both John McCain and Barack Obama, paying each campaign nearly equal amounts.
The removal of Glass-Steagall in combination with low interest rates caused a home mortgage boom, which included the selling of subprime mortgages to high risk consumers.
Subprime mortgages were then bought by consolidators, who packaged them in bundles and sold these bundles as mortgage backed securities.
Rating agencies and insurance companies joined the bandwagon, verifying and insuring these bundles’ false values to trusting purchasers.
The consolidators, rating agencies, and insurance companies made billions of dollars in sales commissions for many years while engaged in this business.
In early 2007, the Rothschild banking companies quit their subprime purchases and sold what they had purchased. Please note that the Rothschild banking companies hold an equity interest in the US Federal Reserve, which is a privately held bank and not a government agency.
AIG, the largest insurer of mortgage backed securities, discovered their “real” value, which in turn bankrupted the company.
Other financial institutions involved with mortgage backed securities began to fail.
The sales of these securities caused our financial system to nearly implode.
Taxpayer financed bailout money saved our financial system.
Since no laws were violated, those who originally profited from these securities’ sales kept the money they deceivingly “earned”.
The future effects of the bailout on ordinary citizens are higher income taxes, inflation, and reduced social benefits.
Simply – we have been fleeced by a gang of Wall Street thugs. Although they broke no laws, they acted unethically, driven by deceit and avarice. They violated our trust as did the politicians who sold their votes for a few dollars of campaign contributions.
I think we should make every effort to recover the money from the people who participated in this scam.
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