Friday, March 25, 2011

Only Moonbats Could Support Killing (Abortion), Outlaw Girl Scout Cookies

Gawd, I hate moonbats. They need a law for everything. Then I see this. Makes me want to jump in my car, drive to Missouri, and kick the shit out of a few of them. Gawd, how do you get this stupid?

http://www.libertarianrepublican.net/2011/03/democrat-run-city-in-missouri-outlaws.html

Restoring My Faith in Humanity

The story I'm about to tell you is true.

In the summer of 2007, I was riding my Valkyrie across America. In the late summer I found myself in Lake Charles, Louisiana. There was a category 5 hurricane just off the coast and it occurred to me that hurricanes and motorcycles might not blend too well. I booked a few nights at the Isle of Capri Casino to sit out the storm.

I've been playing poker most of my life. While I was at the casino, I met a guy named "Smoky" playing cards. We struck up a conversation and we got a long well. Smoky as it turns out, was a Vietnam vet. He was down on his luck and had been living in his car. He was going broke. During the course of that few days, I invited Smoky to stay with me in my room and I sprung for meals. I was running pretty good and before I left town- I spotted Smoky a few hundred bucks. Truth is, I can't remember how much I gave him. I do remember him asking me for my phone number. That was almost four years ago. I never expected to hear from Smoky again.

This morning my phone rang. Some guy named Smoky in Sioux Falls, S.D. was on the other end. He wanted to know where he could send a few hundred bucks. If you think the money matters, you'd be wrong. It's the phone call that made my day. Wow. Guys like Smoky restore my faith in humanity.

Critical Mass...When Exactly Did We Lose Control of Our Country?

What I'm about to write today is true. It's going to piss some people off and it should.

If you are a citizen of this country, you have a responsibility. You have a responsibility to become informed and educated about your government and it's leadership. In fact it should be a moral and civic duty. If you fail to take an active interest in government, you do U.S. citizens a disservice. Your apathy sucks. It is contagious and it is killing our country.

I actually know people who forbid any talk of government or politics in their home. I suppose that's within a home owner's rights. A cowardly homeowner. 

I started blogging about the time Hank Paulson ripped US taxpayers off for 1 trillion and later wrote a book about how he "saved" us. I cannot tell you how many times I have dreamt of meeting that asshole at a cocktail party someplace. Perhaps I will meet him at one of those homes that forbids talk of politics.

When exactly did we lose control of our country? I think we could argue any number of dates including 1913 and the creation of the FED. I have given this a lot of thought over the years. When was the precise moment when Americans said screw it- there's no point in worrying about government? What we think does not matter. I have a date. It was July 19, 1969.

On July 19, 1969, Senator Teddy Kennedy killed Mary Jo Kopechne at Chappaquiddick. At best, Senator Kennedy was just a drunken piece of shit and a coward. At worst, he was a murderer. We will never know for sure. We will not know how long Mary Jo survived in that car. What we do know is this. Kennedy was never charged with manslaughter or murder. His family paid off the Kopechnes'. He was never charged or tried because of his status and a few cowardly and morally bankrupt prosecutors. Mary Jo Kopechne died that day at Chappaquiddick. So did any sense of fair play and justice in America. That was the day when the elite and powerful, and government said "fuck you." We're giving Kennedy a pass and there isn't a damn thing you can do about it. http://en.wikipedia.org/wiki/Chappaquiddick_incident

That's the day I point to. That point in time when doing the morally right thing and setting the example still mattered. That's the day when Frankenstein Government unveiled our two tiered criminal justice system. They continue to rub our noses in it to this day. Nixon, Clinton, Obama. Wall Street fraud and a global, economic catastrophe. That's why people say fuck it. But that doesn't make it the right or morally responsible thing to do. There is a civics lesson here.

The next time some coward criticizes you for having an opinion on politics, please send them this piece. Tell them that our country was hi jacked by cowards sometime around Jul 19, 1969. That there are still a few of us that believe in being informed, trying to act responsibly, and do the right thing. And just because we are the minority, perhaps, doesn't mean we are on the wrong side of this. Or that we are going to go away because the cowards don't like the subject matter.  

Thursday, March 24, 2011

Even Trump Calling For President Transparency's Transparency

President Obama talks a big game of transparency but he just doesn't bring one.

There are more things missing from Obama's life than the ones listed here. http://www.newsmax.com/InsideCover/trump-obama-birth-certficicate/2011/03/23/id/390547?s=al&promo_code=BED8-1

I have been digging into Obama's life since the day I first heard his name. Everything about this guy is a mystery. I can't wait until he leaves and thus his days as an obstructionist will be numbered. Until then, we will all wonder why he throws like a girl, doesn't have a passport, or a childhood friend. Who paid for his education? Weird.

Wednesday, March 23, 2011

Obama Dodging the Gun Walker Scandal, I Know Nussink!

Hilarious shit. Maybe Obama will just stay in Brazil. Can we pay them to keep him?

http://sipseystreetirregulars.blogspot.com/2011/03/cbs-obama-on-gunwalking-serious.html

Obama. "Hey, we'll find some fucking scapegoat and we'll can his ass. Just like that Wagoner prick at GM."  http://www.cbsnews.com/8301-31727_162-20046151-10391695.html?tag=cbsnewsMainColumnArea

The Recovery is Here!! Woohoo!! Where's My Heloc Dough??

Today's new home starts (Feb.) were the worst housing number ever- since they began tracking housing starts in year two (1962) of the Kennedy Administration.

Housing equity lines of credit or heloc's were once the path to riches. This is how American idiots once financed motor homes, diesel trucks, and the wife's Lexus. Unfortunately, one must own a home, or have enough equity in that home- to get a loan. An additional problem is that banks don't have any money with which to hand out those helocs any more. They are relying on the Bernank to just keep printing so that they can buy treasury debt and try to recapitalize with 4% interest. It won't work.

We have no jobs. What jobs are produced- pay dog shit. Nobody is buying new homes. Hell, nobody is buying old homes. Every one's credit sucks. We have wars all over the middle east, a Japanese China Syndrome with a pending concrete party, and some of the worst inflation ever. Check this out. http://online.wsj.com/article/SB10001424052748704050204576218092622256666.html?mod=googlenews_wsj

This is what the FED is going to say when they can no longer lie about inflation. They are going to say, "well yes we are experiencing minor inflation currently but we expect that it will disappear by 2012." That will be the next line of shit that we hear.

The only thing that has disappeared in the last four years' is the American dream, middle class wealth, justice, and the truth. The truth it seems, is whatever these fuckers tell us it is.

Here on Frankenstein Government, I like to think that I can speak the truth. I have no motive to lie. There is no fucking recovery. There is no housing recovery, there are no jobs. The jobs we are getting suck, the benefits suck. The stock market is about to keel the fuck over, the dollar is trading at all time lows against every crappy currency. The President is a crook, liar, and a shitty leader. Congress cannot do it's job because they lack any kind of courage- both personally and collectively. So in a nutshell, we are hosed. This is what I do to cope with a bunch of knuckleheads running the country and a bunch of knuckleheads voting for knuckleheads.

I exercise daily. I buy silver and gold with this worthless paper they keep printing. I ride my motorcycle. I read a lot and I write. I try to spread the word that we have lost control of this country. Truly we have. At some point we will have a complete bankruptcy and collapse which will be fine as long as you are prepared for it. Someday we will have a recovery. Just don't look for it anytime soon.

Tuesday, March 22, 2011

The WAR Is On...If Silver Breaches 37 Bucks...Add to Your Collection

All week I have been reading stories of various countries and governments' buying and hoarding silver.
I believe this. I also believe supplies are tight or virtually non existent. A story has been circulating that JP Morgan has huge derivative exposure if silver rises above 36... that they are going to get their ass handed to them if silver creeps beyond 37.

I don't know if this is true. I do know that an absolute battleground has emerged at 36. JP Morgan and HSBC are shorting silver like crazy at this level. In fact it is so predictable, that I'm not sure that anyone who follows silver is really surprised. Until the CFTC IMPOSES POSITION LIMITS, I guess Morgan will continue to create short paper irrespective of underlying supply.

I am not afraid to add silver here. You'll want to own some when Bernank announces QE3 for all of the muni bond defaults this year. Still think silver is worth 75 bucks. Really.

Man, when Carlin said the game is rigged- he wasn't kidding.

Coyote Problem Explained in Montana...This One's For You Wirecutter

The Sierra Club and the U.S. Forest Service were presenting an alternative to Montana ranchers for controlling the coyote population. It seems after years of trapping and shooting coyotes, the Sierra Club had come up with a more "humane" method of dealing with coyotes. The Sierra Club was proposing that the coyotes be trapped alive and the males castrated and thus released without killing them. This was actually proposed by the Sierra Club and USFS.

All of the ranchers thought about this for a minute. Finally an old cowboy- rancher type in the back of the room stood up and said, "Son, I don't think you understand our problem here. These coyotes aren't fucking our sheep, they're eating them." The meeting never really returned to order after that.

I grew up in Montana. Real men look like this.

Monday, March 21, 2011

Two Huge News Items

The first new item is that the Supreme Court has ruled against the FED. They are going to have to disclose a number of things which the mainstream media will try to sweep under the rug and ignore. Do not miss this story. This is who really runs your country. http://www.zerohedge.com/article/final-count-pittman-1-fed-0-supreme-court-refuses-grant-confidential-data-disclosure-appeal-

The second big news item is the one I cannot find. On March 7, Bank of America, was supposed to disclose the names of all of the muckety mucks that Angelo Mozilo bribed with his "Friends of Angelo" private lending scheme before Bank of America bought Countrywide.

We are going on two weeks now. Bank of America is either in non compliance, there is additional legal wrangling, someone is shredding all of Angelo's loan records, or some combination of all three is occurring. If this information ever gets FULLY disclosed, I expect it to be a huge deal.

The POS Chevy Volt

Nobody is buying the Chevy Volt.

Orders for that car have been in the hundreds, monthly. That's it. Some greedy dealers actually marked up the car an additional 5 grand- hoping for the enthusiasm generated by the media. Tack on the customary 6-8 percent sales tax and the car's price is north of 50k.

Nobody is falling for that shit. Government Motors (GM stock) priced at 33 bucks a share a few months ago- isn't worth 20. A great short. The Volt, would be a marginal car at 25k, at 45k- it is simply a non starter. Get a load of this guy...he looks happy. http://gm-volt.com/2010/12/28/why-i-chose-to-buy-not-lease-the-chevy-volt/

This guy thinks his low serial number (008) will make this car worth huge money some day. He might even have a 1975 Chevy Monza in his garage as well.

The Volt is an incredibly overpriced POS. GM has lied about it's effective electrical range. It is having problems with heating in cool climates and I can't wait to see how it performs in blistering heat. It is beautiful to note that after President Obama appointed GE CEO Jeffrey Immelt as the new Business Czar- that now suddenly GE has agreed to buy GM Volts. Because nobody else will.

Go buy a Hyundai Sonata. You'll get more legroom, twice the horsepower, better gas mileage, a 100000 mile warranty, and you'll save twenty five thousand dollars in the process, lower sales tax. Even at 3.50 a gallon, 25k buys a lot of gas.

Public Retirement Funds Circling the Drain

The last great raid is here. The history has already been settled. I am just waiting for the fallout.

In essence, the stock market has traded sideways for 13 years. We are at the same levels we were at in 1999. The stock market is illusory. There are two things that this period of time can tell us.

Equities in 1999 were worth more. They were priced in dollars that were stronger and less inflated than the ones in play now. The other thing we learn is the value of time. Or in this case, lost time.

All public retirement funds are based on actuarial assumptions. These are assumptions that municipalities and states use to gauge and predict future liabilities assuming certain things take place. The problem with that is- they have all "assumed" very rosy scenarios. Rosy scenarios that are not going to happen. I am going to plug in a tool here that I have been using for years. It is called "public fund survey" and includes data from all large and some municipal public retirement funds. It provides information on the fiscal health of our country. It is very interesting indeed. You will have to sign up- which is pretty easy. Mandatory if you are a public sector employeee. http://www.publicfundsurvey.org/publicfundsurvey/index.htm

How accurate are these assumptions? Well public funds assume on average an 8% return each year. They also assume a 3.5% inflation rate. They are looking for a 4.5% return. Did they get that 4.5% x 13 year or 58.5% percent return that they were looking for in the 1999-2011 time frame? Of course not. The Dow/S&P 500 would be a net 58% higher. History shows us that the market levels today are at the same levels that they were in in 1999.

The government has managed to manipulate key inflation data by only using "core" inflation data. Public funds have caught onto this rigged pricing and use core data- not real data- to help obtain those fantasy assumptions and they also use core data to give retirees their cost of living adjustments. (My retirement fund gave me a 1% cola in March using the governments shitty accounting methods- while more accurately- real inflation was running 4-5%.)

There is simply no way for states and municipalities to pay what their actuaries have promised. That little skirmish in Wisconsin was nothing. Things are going to get far worse as an angry public takes public employees out to the woodshed. When this steroid induced/QE2 market is finally allowed to tank- this whole thing will accelerate at lightning speed. Watch California. They are the canary in the coal mine. I use this site to keep up on the latest developments in a state that left the rails long ago. http://www.pensiontsunami.com/public.php