Monday, August 30, 2010

Obama Runs Out to Rose Garden, Runs Back In

An epic display of courage. Not.

President Obama ran out today to blame the crappy economy on Bush. Then he blamed Republicans for blocking the jobs bill. Then he ran back into the White House.

They had a choice two years ago. Bail out taxpaying Americans or bail out the thieving and greedy Wall St banks. They chose banks. They landed there because banks contribute millions to them and enrich their lives substantially. They have power.

They were wrong. The people have power. Don't let them get away with this. I don't care what your party affiliation is. This is an American problem.

Don't forget. Don't let them lie. Don't get distracted with party politics. Vote everyone out that created this mess and allowed it to prolong itself. There is strength and power in unity.

The Smart Money Masturbates

For a couple of years now, I've been recommending that people cash out their 401k's. It only makes sense. Here's the logic in play.

10y returns= -10%. Future inflation+higher taxes= net loss. Why would you worry about a 10% penalty on early withdrawals when in fact you may lose 30% or more due to negative returns, inflation, and higher taxes?

More and more people are catching on. There has been 51 billion in stock market outflows during the prior 4 months. And without a food source, those sharks on Wall Street are starving. Computer driven algorithms are the only thing that trades on anemic volume.

The best part of all of this is that Wall St., those greedy bastards that have pillaged taxpayers, investors, and Main St.- are getting theirs. They can't loot you- if you don't play. Wall Street considers themselves the "smart money." We'll see. In the meantime, I have enjoyed watching Wall St. play with themselves. I can't wait for the layoff announcements.

Sunday, August 29, 2010

Free Speech, Not Here Pal

Interesting video. This is what we are becoming. If you don't like someone's message, or the tone of his voice, tackle him and throw him in jail. Very sad. Insanity starts around 3:30 on the clip.