All posts by Hutchins AAron

Born in Deutschland 1965, hometown was Bütthart, parents were not U.S. government employees. However, when father was tricked into joining the U.S. Air Force Civil Service, in 1969, with the promise that we could remain in Germany, we were promptly shipped off to Iran. Due to one of my Iranian educators being disappeared, along with her husband, by the U.S. ally Shah of Iran's Israeli & U.S. created Savak (for the then official terrorist act of promoting the idea that women can vote), and due to my U.S. citizen mother being placed on Savak's Terrorist Arrest List (for supporting the idea that women should vote, at that time the U.S. ally Shah of Iran did not allow women to vote, now they can) we left Iran for the United States in 1973, literally in the middle of the night. At the U.S. Embassy airbase the CIA operated Gooney Bird (C-47) was so packed with other U.S. citizens fleeing our ally Iran (because the Shah gave the OK to arrest any U.S. citizen for such terrorist acts as promoting the concept of voting) that we were turned away by the Loadmaster and had to take a chance on a civilian flight out of Tehran's airport. My father told me he and my mother had three culture shocks; first when they arrived in Germany as civilians, then after being shipped off to Iran as U.S. government employees, then again returning to the United States as unemployed civilians (because so much had changed in the U.S. while they were gone, their only news source was the U.S. Armed Forces Radio & Television Service which heavily censored information about the home front). Since I graduated high school in 1982 I've worked for U.S. government contractors and state & local government agencies (in California), convenience store manager in California, retail/property management in Georgia, California and Idaho. Spent the 1990s in the TV news business producing number one rated local news programs in California, Arizona and Idaho. 14+ years with California and Idaho Army National Guard and the U.S. Air Force. Obtained a BA degree in International Studies from Idaho State University at the age of 42. Unemployed since 2015, so don't tell me the economy has recovered.
Fukushima

Corporate Incompetence: Reactor 3 melt down actually breached containment vessel, plutonium contamination!

First Tokyo Electric Power Company said there were no melt downs, as they struggled to cool the Fukushima Daiichi reactors with salty sea water.  Then TEPCo admitted there were melt downs in reactors 1 and 3, but said they were contained by the water at the bottom of the containment vessels.  Now an independent study says not so.

Tanabe Fumiya, an expert in nuclear safety, studied data from Reactor 3.  Reactor 3 uses MOX fuel.  Most of Reactor 3’s mixed uranium-plutonium oxide fuel might have made it through the containment vessel.  Fumiya says on 21 March 2011 TEPCo was unable to inject water to cool the reactor.  Over the next four days the fuel reheated and melted through.  This explains why plutonium is being found outside the reactors.

Business/Economics, International, U.S.

What Economic Recovery? China will stop selling U.S. bonds, and they will stop buying them as well, beginning to realize just how much power they truely have

“In my opinion, at this moment, the best strategy is no buy, no sell. At this moment, it’s very difficult to shift (investment), to change fundamentally, because we hold such a big amount.”-Cheng Siwei, former senior Chinese lawmaker

Cheng Siwei, is advising the Chinese government to take a “no buy, no sell” attitude towards U.S. Treasury bonds.  Cheng is telling the government that it needs to hold off on investing it’s $3.2 trillion in foreign exchange reserves.

Many European countries have been knocking down China’s door, begging China to bail them out by buying their bonds, instead of more U.S. bonds.

Cheng says the situation for China has become more of a political one, than an economic one.  In other words, with so many countries, including the United States, hoping to be saved by China’s cash, the Chinese are starting to realize just how much power they have.

Idaho, U.S.

Idaho leads United States in Disapproval of President Obama, more proof that Washington DC is out of touch

In the latest Gallup Poll, Idaho takes number one position, in the disapproval of President Obama.

Only 27% of Idahoans approve of what Obama is doing.  Idaho beat out Wyoming, Utah, Oklahoma, West Virginia and Arkansas.  Those states tied for the number two and three spots.

And, as no surprise, residents of Washington DC show the most support for Obama, with 83% approving of what he’s doing.  It’s also shows how out of touch DC has gotten with the rest of the country.

The latest Gallup Poll surveyed only 16 states, and the District of Columbia (DC).  The Gallup results say there has been little change in the county’s support of President Obama, since last year.

Business/Economics, International

Looting and violence spreads outside London, ignorant British newspapers blame video games

BBC is reporting that the city of Birmingham, England, has been hit by looting and violence.

According to the BBC: Cars were set on fire in Lewisham.  A bus and shop were set alight in Peckham.  Several fires broke out in Croydon, including one at a large furniture shop which spread to neighboring buildings and tram lines.  In Hackney police 200 riot officers with dogs and mounted police were located around Mare Street where police cars were damaged.  Looters raided a Debenhams store and a row of shops in Lavender Hill in Clapham.    In Birmingham, police said officers had made 35 arrests, including six juveniles, on Monday evening.    Buses were diverted as the violence spread to Bromley High Street.    There were reports of looting of phone shops in Woolwich High Street, in south London, and a torched police car.   Shops and restaurants were damaged in Ealing, west London, and there was a fire in Haven Green park opposite Ealing Broadway Tube.

Some British newspapers are avoiding the more plausible reasons for the rioting, like a bad economy and police brutality, and actually blamed video games.  One newspaper claims to have seen ten year olds taking part in the looting, and quotes an unnamed police officer as saying the rioters are motivated by the video game Grand Theft Auto.

If you’ve played Grand Theft Auto then you would know that in no way does it involve mass rioting and looting.  The game is centered around a single player, you, who’s goal is to steal cars.  Somehow the ignorant British media and authorities equate an individual stealing cars in a video game to mass rioting, vandalism and looting in real life.  It’s proof that the ‘better off’ in Britain are the ones living in a fantasy world.

Business/Economics, International, Opinion

Violent Riots spreading through London, started by police shooting, continuing because there are no jobs, British leaders on luxury vacations

“Officers responding to sporadic disorder in a number of boroughs made more than 100 arrests throughout last night and early this morning.” Scotland Yard statement, August 8

The violence that started in Tottenham has spread to Enfield and Brixton.  The riots started on Friday August 5, after police shot and killed a man in the back seat of a taxi the day before.  Police say he was a gun runner, locals say it was police brutality. Tottenham, a borough of London, has a decades long history of police brutality.

The riots are spreading and become more about the lack of jobs, and the severe cuts to social programs made by the British Parliament.

Another factor could be that British Prime Minister, David Cameron, is on a luxury vacation in Italy, while Chancellor of the Exchequer (kinda like the U.S. Treasury), George Osbourne, is on vacation in California.  This after they told British taxpayers to make more financial sacrifices.

Police feel targeted, and who wouldn’t be surprised at that since London police have powers even U.S. cops don’t.  The United Kingdom uses Orwellian tactics in their law enforcement.  One bobby said: “Officers are shocked at the outrageous level of violence directed against them.”

An immigrant from Africa said: “I can imagine this kind of thing happening in Somalia but to see it in London was strange.”

Of course the elected and appointed officials in Britain are calling the rioters “petty criminals”, but local residents say people are finally fed up with the system: “Unemployment is very, very high … they are frustrated.” Uzodinma Wigwe, age 49, recently laid off

History shows that peaceful protest does not work.  History shows that it always takes violent protest to make the leaders realize the people want change.  In some cases leaders are so arrogant they end up going to their death thinking there is nothing wrong (French Revolution). The Civil Rights laws in the United States did NOT come about because of the peaceful protests led by Martin Luther King Jr, but because of the violence that took place after Martin Luther King Jr was assassinated.  That’s the part they don’t teach about in the United States, but the info is there, do your own research.

International, U.S.

Taliban on the Run? Taliban shoot down 2nd U.S. CH-47 since Saturday, a 3rd makes emergency landing

On Saturday, August 6, a CH-47 Chinook helicopter was shot down in Wardak Province, Afghanistan, killing all on board, including members of the elite SEAL team.  Now the Taliban claim they’ve shot down a 2nd Chinook.

Monday, August 8, a Chinook with 33 personnel onboard was shot down near Zarmat city, in Paktia Province in eastern Afghanistan.  It’s believed all 33 were killed.  The Taliban say they shot it down.

On Sunday, August 7, another Chinook made a crash landing in the same province.  The area has been secured by NATO troops and an investigation is underway.

 

Business/Economics, U.S.

After being taken over by the U.S. taxpayers, and constantly being bailed out, Fannie Mae and Freddie Mac finally get downgraded

When the credit crisis hit in 2007/2008 the biggest mortgage lenders in the U.S., Fannie Mae and Freddie Mac, suddenly became too big to fail and were taken over by the U.S. government.  The move had U.S. taxpayers providing the mortgage giants with almost consistent quarterly bailouts.

Now Standard & Poor’s has downgraded their credit rating, from triple A, to double A+.  ‘Bout time!

The two mortgage companies, along with a third called Ginnie Mae, guarantee 80% of the mortgages in the United States.  Fannie and Freddie have received $141 billion in taxpayer bailouts, so far.

Standard & Poor’s is also downgrading U.S. Federal Home Loan banks.  Federal Home Loan banks support consumer credit by providing money to other banks, in the form of bank to bank loans.

 

Business/Economics, International, U.S.

What Economic Recovery? Group of 7 decide to answer the U.S. debt problem by flooding markets with liquidity, won’t that create Hyperinflation?

The European Central Bank, and the Group of 7 top industrialized countries, decided to deal with the credit rating downgrade of the United States by flooding international markets with liquidity.

Liquidity=cash and bank deposits.

One of the problems with this recession is that banks, and other financial institutions as well as big corporations, have been money hording.  Lending has not taken place as President Obama had hoped (at least to small businesses and individuals).  The result is that the ‘big guys’ have a lot of liquidity sitting around doing nothing (by the way something like this happened right before the Great Depression).

Now the international community has decided to flood the international markets with that liquidity.

So far we’ve seen inflation, albeit a mild inflation for most of the world, but get ready to see inflation like you’ve never seen before when all that money hits the markets.  You see, when there is a lot of money available to buy a lot of things, it automatically drives up prices.

Some people might think the stories of Germans using wheelbarrows full of cash to buy a loaf of bread, during their Hyperinflation of the 1920s (which helped lead to the Great Depression in the United States), is just an exaggeration.  It is not.  I’ve read the accounts, and I’ve even seen silent newsreels showing people lining up with wheelbarrows full of worthless Deutschmarks at bakeries.

This happened because the Weimar government thought by printing more money, in essence flooding the public with liquidity, that people would be able to buy the products they needed, products that were already experiencing inflation.  The flooding of money into the German consumer market made the situation worse, creating hyperinflation.

The following is from Wikipedia, on hyperinflation: Hyperinflation becomes visible when there is an unchecked increase in the money supply… also… Hyperinflation is often associated with wars (or their aftermath), currency meltdowns, political or social upheavals, or aggressive bidding on currency exchanges. Mmmm, sound familiar?

 

 

Business/Economics, International, U.S.

What Economic Recovery? Japanese economist predict negative GDP for Japan, blames the United States

Several private economic research firms, in Japan, are predicting GDP for Japan will go south for the 3rd quarter.

As many as ten research firms say Japan’s GDP could contract by as much 4.7% for the next economic quarter.  They blame the decline on a huge reduction in consumer spending, both in Japan, and in other countries, made worse by the U.S. debt.

A few economist predict positive GDP for Japan, but that is totally dependent upon the debt problems of the United States.  It’s the international concern over the debt of the U.S. that has most Japanese economists warning of a crash in Japan’s economy.

Opinion, U.S.

Mitt’s Mystery Money NOT explained by latest admissions, Romney is just more Washington DC BS

Once upon a time, very recently, candidate for U.S. president Mitt Romney got three donations from three companies that were created solely to give Mitt Romney money.

The main stream media is focusing on a now defunct company named W Spann LLC.  The property owner, where the company was supposedly located in New York, says no such company ever took up residence.

Now a man named Ed Conard comes forward and says he created W Spann LLC for the sole purpose of giving Mitt Romney money.  Conrad “closed” down his company immediately after giving Romney the money.  Why would you need to create a fake company to give someone money?

But this is just the tip of the iceberg, and the mainstream media seems to be ignoring the rest of the iceberg.  The fact is that one of Romney’s super PACs called “Restore our Future” (an oxymoron of a title) got three, not one, but three mysterious million dollar contributions from three mysterious companies.

Ed Conrad claims he’s the creator of one of those companies, W Spann LLC.  The other two are in Provo, Utah.

Interestingly the two companies in Utah have the same address.  One company is known as Eli Publishing L.C., the other company is called F8 LLC.

Eli Publishing L.C. was founded by Steven J Lund.  The address is 86 N University Ave Suite 420 Provo, Utah 84601.  A local Fox news affiliate (Fox 13), in Provo, caught up with Lund and asked him why he created a company to give Mitt Romney money.  Lund said there were accounting advantages in donating money to politicians through a corporation.

F8 LLC was founded by Jeremy S Blickenstaff. The address is 86 N University Ave Suite 420 Provo, Utah 84601.  Blickenstaff is refusing to talk to the media.

Fox 13 news says they went to the address and found an accounting company at Suite 420, who’s employees claim to have no connection to Eli Publishing L.C., or F8 LLC.   What Fox news didn’t point out is that the address, 86 N University Ave, is also the location of one of several Wells Fargo banks in Provo.

The corporate info on the companies can be found at utah.gov.  There are other companies using the name Eli Publishing, so don’t confuse them.

The real issue here is that a politician named Mitt Romney wants to be elected president, on the grounds that there needs to be change in Washington DC (the usual reason), and that his experience with business finance makes him the right choice.  But the problem in Washington DC is money, how it’s used, how it’s acquired, the corruption and shady deals.  That’s why this country is facing financial disaster.  Yet Mitt Romney has no problem with supporters setting up fake shady corporations for the sole purpose of donating shady mystery money to his campaign?

Sounds like with Mitt Romney you get the same ol’ Washington DC BS.

Official complaints have been filed with the Federal Election Commission, and the U.S. Department of Justice.