Showing posts from August 22, 2010

Walking Eagle

President BARACK OBAMA was invited to address a major gathering of the American Indian Nation two weeks ago in upstate New York . > > He spoke for an hour about his plans for increasing every Native American's present standard of living. He referred to his time as a U.S. Senator and how he had voted for every Native American issue that came to the floor of the Senate. > > Although President Obama was vague about the details of his plans, he seemed most enthusiastic and spoke eloquently about ideas for helping his "red sisters and brothers." > > At the conclusion of his speech, the Tribes presented Obama with a plaque inscribed with his new Indian name , "Walking Eagle." The proud President then departed in his motorcade to a fundraiser, waving to the crowds. > > A news reporter later asked the group of chiefs how they selected the new name they had given to the President. > > They said "Walking Eagle" is the na

Governor Christie Addresses Frankenstein Government

This is how intelligent people behave. Behold a "good" politician. Take notes Obama and Congress. This dude doesn't talk hope and change, he BRINGS it.

Alan Simpson is a Dumb Ass

Wyoming's finest. NEW YORK ( -- An advocacy group is calling for the ouster of former Sen. Alan Simpson, the co-chairman of President Obama's bipartisan debt commission, who described Social Security as a "milk cow with 310 million tits!" in an email. I don't like politicians. And I sure as hell don't like politicians that steal my money for 35 years and then refer to me as some sort of infant or weanling. Like I needed or wanted their tit to begin with. Only in Amerikka can they create laws to steal from you and then call you names for complying with them. Like we invented this shit to begin with. You know where to find me Alan. And before it's over, the only tit you will be sucking- may be one of two that you are very familiar with.

The Three Stages of Veritas

The truth. First it is ridiculed, then it is violently opposed, then it is accepted as self evident. We are finally entering stage 3. Not that any of us will take any satisfaction from being right- we are simply scratching our heads wondering what took you people so long. After more horrible stock market news today, (durable goods and new home sales) many of us are in absolute awe that the market has not tanked an appropriate couple hundred more points. This leads to one of the last great truths. The stock market is being manipulated. Clearly. Don't buy in. I'm not even sure if I put or short the market, that there will be any money to pay me with or whether it will be worth anything, anyway... Really.

The Real Debt, Not That Lowball Garbage MSNBC Drones Cough Up

Today our reported National Debt is $13.362 TRILLION. This is the first big lie. There are two entities named Fannie Mae and Freddie Mac that happen to be 80% owned by the US government. Anyone who thinks these two companies can operate without the backing of the US Government are delusional. The US taxpayer is on the hook for these two disastrously run companies. Somehow, government accounting doesn’t require their debt to be considered the responsibility of the US taxpayer. This is a fraud, pure and simple. Their debt is our debt. According to their latest 10Q filed in early August (links below), their debts are: Fannie Mae: $3.257 Trillion Freddie Mac: $2.345 Trillion The true National Debt of the United States is $18.964 Trillion. Therefore, our debt as a percentage of GDP is really 130%. This is beyond the level reached during World War II. We are no longer the manufacturer to the world. We are the consumer to the world. The country adds $4 Billion per day to the Natio

Bernanke "The Hammer" and His Big Mistake

Trying to predict human behavior is impossible. In fact, often when you think you are doing someone else a favor, they give you a middle finger and walk away. Ben never considered that possibility. Because Ben ASSUMED he understood history and human behavior when in fact...he doesn't know jackshit about either. Briefly, let me explain. In 2002 before the Fed Board of Governors, Ben the self proclaimed expert of the Great Depression thought he knew how to stem the four years of rapid deflation that occurred from 1929 to 1933. Avoid deflation by printing gobs of money. That in fact worked and by the time the US entered the WWII, the Depression was gone. So Ben though he had the answer. Print money. Drop it from helicopters. Inflate the economy was his answer. That was Ben's answer to what he would do in a similar situation and that's what he told the Board of Governors that day. The Governors ASSUMED that Ben knew what he was talking about. They gave him great credibility. Wh

Screwing the Pooch

Screwing the pooch is a colorful phrase, the origins of which may or may not be the military. What the phrase describes is a situation that you cannot take back or undo. Financially and economically, the USA has screwed the pooch. We cannot undo what we have done. And all that remains is a slow and agonizing financial death. How bad will it get? Very bad. Many things have had to happen historically to arrive at the place where we are today. The key component occurred in 1913 when the Federal Reserve System was given life. The elimination of the gold standard a few decades later. Then greed and power took over. The last great act of attrition was NAFTA. That act allowed greedy corporate America to find slave labor in markets that paid less than a buck an hr. And all of our manufacturing left. And all of our money left to buy good in those slave labor markets. Walmart is simply an outlet store for China. Greedy corporate America could not do this without the help of the US government. Th

The Hindenburg Omen

From Wiki on the Hindenburg Omen Conclusions From historical data, the probability of a move greater than 5% to the downside after a confirmed Hindenburg Omen was 77%, and usually takes place within the next forty days. The probability of a panic sellout was 41% and the probability of a major stock market crash was 24%. Though the Omen does not have a 100% success rate, every NYSE crash since 1985 has been preceded by a Hindenburg Omen. Of the previous 25 confirmed signals only two (8%) have failed to predict at least mild (2.0% to 4.9%) declines. Because of the specific and seemingly random nature of the Hindenburg Omen criteria, the phenomenon may be simply a case of overfitting . That is, by backtesting through a large data set with many different variables, correlations can be found that don't really have predictive significance. The Omen is at best an imperfect technical indicator that is a work in progress. [ edit ] Recent occurrences August 20, 2010: There