Sunday, February 6, 2011

Frankenstein Government Is Not For Sale

Let's just dispel the rumors before they start.

http://www.nakedcapitalism.com/2011/02/aol-buys-huffington-post.html

You know it's not easy. Reading stupid shit all day and then posting some of my own. No ads, no tip jars, just me grinding away on this Mac. I have obliterated 6 letters on my keyboard. They are just white blobs.

Three hundred and fifteen million for HuffPo? Gawd-- by the end of this year's hyper-inflationary storm, 315 million will get you one of those big bags of pretzels and a fountain drink. Think I'll just send my son down to the store now.


When Idiots Sing

Ya know, if you are a performer, a paid singing professional and a citizen of this country- you probably ought to know the words to the national anthem.

http://sports.yahoo.com/nfl/blog/shutdown_corner/post/Video-Christina-Aguilera-goofs-up-the-National-?urn=nfl-317568

I wouldn't know Christina Aguilera from my neighbor across the street. Watching that performance tonight restores my confidence that I have not missed anything. I am cutting her no slack here. As soon as I heard that ridiculousness, I shot a glance at my friend Keith across the room. Keith sang the anthem last Tues night at the Steelheads (hockey) game here in Boise. Not only was he better, he knew the words. His loot amounted to 4 free seats and I was damn glad to occupy one. Thanks again, Keith.

Silver in Complete Backwardation, First Time Ever

Last week, I mentioned how silver prices were moving up while gold was moving down. Not only have I never seen this, but many suggest that markets are rigged. Silver and gold usually move in % harmony. I have noted physical supplies were exceedingly tight worldwide.

I have over allocated in silver. I added a measly 10 oz bar this weekend.

There is significant evidence that the physical run is ON! This week. I would not be surprised to see a 10% move or higher in the price of silver by the end of the week. Very, very interesting shit going on. Not to mention that oddball piece floating around the internet which has been spot on. Pun intended.

For a great read on contango and backwardation...please read this piece. It is not nearly as mystical as it sounds. http://harveyorgan.blogspot.com/2011/02/silver-in-complete-backwardation.html

If silver moves beyond resistance at 32.00 this week or the next do not be afraid to step up and buy. There is no overhead supply waiting to sell and a a lot of naked shorts may have to deliver the physical commodity. The first delivery months is March. If we rise to that level, I will pop for another 100 oz. bar.

Prices moving up slightly across the pond at 0035 EDT. Even higher at 0045. http://www.allamericanindex.com/commodityfutures/Metals

I cannot tell you how tempting it is for me to jump into paper silver here. The leverage and profit opportunities are dramatically higher. However, it is the lack of the underlying commodity- people taking actual possession of silver that will lead this rise. It costs about the same to mine silver as it does gold. It is our one true advantage over the paper silver traders like Bank of Hong Kong and Shanghai and JP Morgan. Millions of Chinese are buying. If it works- it doesn't need fixing. Gonna stick with the plan although I wouldn't fault anyone else for jumping into some paper here.

Are you listening Uncle L.?

Good Gawd, Now They Say Oral Sex Causes Cancer

Like any of us are getting out of here alive. Have these researchers no decency? Is nothing sacred?

http://yourlife.usatoday.com/health/medical/cancer/story/2011/01/Study-Rise-in-some-cancers-linked-to-oral-sex-/43056302/1

No saccharin, no salt, no sugar, no smoking. Organic foods, whole grains, no coffee. Now, no oral sex? You fucking researchers have completely left the rails. I am making my stand here and now. By the way, did my government tax money fund your research? Yea, that's what I thought...

Super Bowl Thoughts

Pittsburgh and Green Bay. They hardly get my pulse racing.

Boise has gobs of Pittsburgh fans. Not sure why. So I got myself in a double or nothing and a triple or nothing mess with two Pittsburgh fans. Of course, I am fully aware that gambling is illegal unless of course- the government gets a cut. Then it would be fine.

I'd show up in my Saints regalia but I think I am just gonna sport my bilateral fleur de lis'. I took the ten points and Seattle. I cashed on the spread and was in utter disbelief that NOLA lost outright.   

So today, I will watch the Super Bowl. Like I have every year since Super Bowl III. I'd personally take the over and leave it at that. Not that I have much experience gambling. Only about 40 years or so.

Got a bad feeling I am on the losing side of this. I may have to hedge half on Pitt and take the smaller loss. Hope you all have a wonderful day!

More Obama Cheerleaders, Math Challenged Moonbats Still Writing Garbage

I'd like to invite you to read this drivel. This is Mainstream Media News. Jacob Lew says that Obama's budget cuts are "tough calls." Mr. Lew, here's some advice from Idaho. Quit kissing your bosses' ass and waxing poetic to the press. You are a math challenged moron. Blow smoke up somebody else's ass. 

http://money.cnn.com/2011/02/06/news/economy/budget_cuts/index.htm

Let's start with the basics. A thousand million is a billion. A thousand billion is a trillion. So when you propose cuts that don't even amount to 1/2 or even 1/3rd of one year's tax shortfall, you are not making "tough" decisions. You are not doing shit. You are pissing in the ocean.

We have lost 5 TRILLION in annual tax revenue over the past 3 years. Woefully short of fantasy projections.

When this bunch of government buffoons starts talking about trillion dollar cuts, eliminating thousands of useless government employees from the Post Office to the Dept. of Education perhaps then I might call those decisions "tough."

They even talk about million dollar cuts in this article. Geezus. Next thing you know they'll tell us they eliminated the hot lunch program at the Pentagon. Raised the price of Fig Newtons in the honor box. 

Main Stream Media. Quit patting Obama, Democrats, and RINO conservatives on the back for doing nothing. It's patronizing. Like we are supposed to jump for joy when our daughter returns our zero balance credit card after a day of shopping and cheerfully announces... "I didn't max it out, Dad! There's still a hundred bucks on it." Beautiful. Let me stick this gold star on your forehead, honey.

WireCutter Explains the New Obama Stamp

http://ogdaa.blogspot.com/2011/02/at-least-theyre-not-pissing-on-it.html

Bad Ideas, Like Bad Verdicts, Last Forever (Originally Published in March of 2013)

Of all of the stupid things we do, changing our clocks each spring and fall, has to rank near the top. The anarchists of Arizona don't r...