Showing posts from February 6, 2011

The New Criminal Class

I want you to imagine for a moment how a drug dealer works. A drug dealer preys on people that are prone to addiction. Innocent people in the respect that they simply don't know how to deal with life's problems. So they turn to tobacco, prescription drugs, booze, and illicit drugs. Dealers need addicts, addicts bring in revenue. We have a huge amount of people in this country, maybe as high as 1/2 of us beyond age 16, who are addicted or who regularly use these substances. Clearly it is under reported. But the proliferation of big tobacco, big booze, big pharma, and drug cartels really tell a different story. We are a country without a spiritual solution. We rely on the quick fix. But I'll save that rant for another day. Today, I'd like to focus on our addiction to money and wealth. Why is it that we support this new criminal class, these men in suits pushing debt? The answer is simple. We are fearful. We don't really feel good about ourselves. We think that we

Hating Bankers Is All The Rage- And Should Be

If you want to help take your country back from the crooked bastards that have hi-jacked it...those greedy parasites that produce nothing- yet try to convince us how important and in-disposable they are... Please read the following post. I am going to insert this piece of "transparency" from that cover up committee, the FCIC. I would like to say one other thing. If Ron Paul isn't the real deal, the real deal does not exist.

When Sorry Doesn't Cut It

Presented with no comment. Wirecutter- you are one funny dude.

Important News Roundup For Dumb Asses Like Me

I spent a great deal of yesterday learning about commodities and futures, something I have never traded. After yesterday, I am convinced that my decision not to trade in those markets was correct. An entry now would be ridiculous. This is a play I understand from my novice poker days and the proliferation of no-limit Texas Hold 'Em. The Travel Channel kicked off a great boon for all of us old time players- all that fresh blood entering a game we had been playing for 35 years. On line poker, with it's absence of tells and mathematical probabilities easily available for all, worked wonders for new players. In live games, not so much. Same game you would say? No, not at all. In fact, it was the functional equivalent of two entirely different games. On-line poker and live play, (primarily no limit) although based on the same underlying game, are as fundamentally different as trading paper silver and physical silver. It is nuanced. Complex paper trades and traders have a huge advant

The Kleptocracy Finds More Easy Prey

The government no longer files criminal charges. They file civil charges. That way they can extort some money out of the bankers, the bankers will pay, and then the government can beat on their chests and announce that they are doing their jobs. In case you were wondering, nobody other than the kleptocracy gets a cut of the dough. This isn't about victims. The rule of law and restorative justice are vague terms, concepts, that are no longer useful. Here then is the latest installment of thieves getting ripped off by the kleptocracy. Indymac style.

Pissing in the Ocean Part III

Well we went from 35 billion in tax cuts to 100 billion in cuts and now we are at 61 billion. I knew this would be entertaining. The Democrats are howling that the world will come to an end. Seriously. We should find a sandbox somewhere and plant every one of these idiots in it. It is like a leaderless group of undisciplined brats.

The National Journal "Wins the Future"

Remember that rousing speech Obama gave about winning the future? Seems, the National Journal "won the future" by nabbing a copy of the speech and publishing it hours before it was delivered. Apparently, the great orator is a little pissed. Funny stuff at the link:

Two Boise Silver Dealers Go All In, Banker Manipulation Continues

Yesterday, I went shopping for 10 oz. silver bars. I habitually lurk around three joints on Overland, Rose Hill, and State. Two out of three of these dealers were out of silver in virtually all large sizes. Gone. The third one may be out as well. I just didn't get there in time to find out. The Rose Hill guy told me that he wasn't even going to order any more silver. His premium over spot price was getting ridiculously high. I have never seen this kind of supply demand disruption with essentially no corresponding rise in price. Somebody has repealed the laws of supply and demand. Fucking banks are manipulating the paper price with enormous leverage. They are probably using Bernank's counterfeit money to do so. (permanent open market operations, 7-9 billion flooding in today alone) How do we know it is the banks? Please read this question and answer that I snipped from the comments o

The Law of Unintended Consequences

From wiki: The law of unintended consequences is an adage or idiomatic warning that an intervention in a complex system always creates unanticipated and often undesirable outcomes. [2] [3] [4] [5] Akin to Murphy's law , it is commonly used as a wry or humorous warning against the hubristic belief that humans can fully control the world around them. Many fields of study in the sciences and humanities embrace this concept, including economics , history , philosophy , political science , and sociology . The world will come to know this adage. This is what happens when one constant, greed in the extreme, couples with another constant of human nature- that of fear and punishment avoidance. A scenario of economic ruin is developing. Rather than face the punishment or consequences of their actions, human beings seek to avoid punishment at all costs. They think they can plot an escape. This willingness to avoid punishment at all costs sets a foundation for desperate acts. Thus

More Pissing in the Ocean

Wow, these guys are really cutting the fat now. They are proposing a whopping 100 billion in spending cuts now or about 18 days worth of interest on that 14.2 trillion we owe. Well, if it doesn't get re-financed into higher rates that is. Doesn't exactly get the pulse racing. Obama taking the budget cut- for Lionel train- carry trade. If this wasn't so serious, it would actually be comical. I note these cuts are coming from the discretionary part of the budget. I can't wait to see if any of these jellyfish are gonna go after the big entitlement funds (SS and medicare) and risk losing their jobs. Then we'll see who has a spine and who doesn't. Duly noted that the FBI won't get a 4% increase. I'd like to see a 4% increase in performance. Like maybe nailing those elite millionaire tax evaders parked in Switzerland and Lichtenstein.

I Have a Promising, Bright Future Behind Me

Man, I was pinning my hopes on this. Plenty of exercise, greeting people, good times. I got 40k tied up in student loans for my new public relations career. I was so excited that I could hardly sleep last night. I got my Dear John letter today, along with my audition photo. Probably they hired some "hot chick" with big boobs.

Who is Warsh?

The youngest member of the criminal cabal. The FED. An inflation hawk, which used to be the role of the FED, Warsh's views and dissension have become passe'. He has resigned. In the new FED, inflation is better than complete collapse. He states no reason for resigning- read what he wrote- that's bankerlese for Bernank has gone shithouse crazy. Warsh might have acquired some sense of ethical conduct. Expect Bernank to find another lackey.

Finally, Some Blood

Ron Paul calls Bernank and the FED on their shit. If Paul isn't the answer in 2012- there isn't one.

California Dreamin'

Ocean. Beaches. Porn stars. California gets all the breaks.

It's Like a Nightmare, Only Worse

I get tired of beating up on lefties. In all fairness, I don't give enough credit to righties. I have seen absolutely no evidence that either one of these factions ever passed a basic math class and we damn sure know they don't spend their time reading 2300 page bills. So let me explain how pathetic these proposed budget cuts are. The Republicans are proposing, get this- "35 billion in budget cuts this year." Hallefuckinglujah bitches! We are saved! Let me put this in perspective. We are going to be at the very least, 4.2 trillion short in projected revenues for the last three budget years including this one. That massive 35 billion cut will not even amount to 1% of what we are short in those three years. That 35 billion cut amounts to, hold your breath, 6 days worth of interest on our 14.2 trillion dollar debt. Or about a 3% cut on an annual basis. Or about half the cost of President Obamatrain'

What Fraud? First I Ever Heard of It...

Grayson on Obama ignoring the greatest fraud ever. "We won't look back." Remember that? No indeed, Mr. were bought and paid for on arrival. Maybe you would have us think it was just an over sight. First this... From Grayson to ZeroHedge, with love.

The Thugocracy Hard At Work

At the link. Clearly we can't know for sure, but it sure smacks retaliatory. Glad to know that the thugocracy is focusing their attention on us small nickle and dime targets (bloggers) rather than arresting the 56,000 elite tax dodgers with billions in UBS Swiss, Cayman, and Lichtenstein bank accounts. Not to mention the one trillion sitting off shore that the US Government is more than willing to waive corporate taxes on to bring it back.  Can we get some IRS report that will let us know just how effective the thugocracy has been in nailing the elite tax dodgers? Yea, I didn't think so.

Drawing a Hard Line

Every once in awhile, I catch some nasty comment from somebody that reads my writing and just feels the urge to let me know. That's ok. That doesn't have anything to do with me. They've taken something personally and they have an ax to grind. I get that. That type of lunacy is ok. I used to practice it myself. So how do you know, when it's appropriate to draw a hard line? When does the right moment arrive? The first thing I try to be responsible for what I say. I say what I mean, and I mean what I say. I do that only if it is responsible and I have thoroughly contemplated the other side of an issue. I am a member of a giant family...all of you. I am not interested in blowing smoke up someone's ass because I like pissing people off. I don't write for that effect. I would quit if I did. I also do not write because I think I am more intelligent than anyone. I'm not. Intelligence comes in at least 9 different types. Intelligence is the capacity to co

English As A Third Language

Hat tip to Dutch! So I was checking my in box today and saw this. A million and a half dollar granted funded by who else? - The Department of Education and you. The grant would help teach students arabic. The "language of the future." Now residents of the United States who did not want to risk being marginalized by the sensitive left- could learn Spanish, Arabic, maybe even some English. Thankfully, the measure looks to be dead on arrival. Thank gawd they tried it in Texas. However, the article states the same grant has been awarded in four other places. In Moonbat Valley there would have been passionate pleas by the statists. They would have found a way to grab the dough. It's all largesse to them. The "language of the future." Not in my lifetime and I damn sure hope not in yours.

Government Credit Score is 650

Yes. And I caught the Loch Ness Monster on six pound test and water skiied behind her for an hour. Perhaps shockingly, most of these estimators come up with a score of around 650 (with a range of 625 to 720). That is basically in the middle of the range, and consistent with the recent rating on U.S. debt of A+ by China's Dagong Global, the only non-U.S. credit rating agency that seems to draw much interest or credibility. By comparison, countries like Norway, Switzerland and Singapore score an AAA from Dagong, and the United States is largely on par with Japan, France and Britain in Dagong's scoring. Here's the whole link: Here's the deal killer. We call it debt to income ratio. Show me a debt to income ratio beyond 70% (I used to write loans in Vegas) and I'll call you dead money. We just can't whip out a batch of new dough every

Ron Paul (David) Gets First Run On the Bernank (Goliath) Updated

*Damn. Came home from the dentist only to find no blood on TV. Paul and the Bernank are not even in the same room. My day is ruined.  The world will be watching today's House testimony with Bernank. I hope Ron Paul calls him a liar. Let there be blood. Action begins at 10:00 EDT.,8599,2047134,00.html Remember when that liar Bernank said that he wouldn't monetize the debt? Remember when that liar Bernank said that the FED would not bail out foreign banks? We found out a trillion or so went to overseas banks in that 9 trillion dollar stealth bailout in 2008? So today you are going to see a rare event. A politician, not a lawyer, who tells the truth. And a polished brainiac from MIT that lies enough to qualif

How Long Can Hedge Funds Like JP Morgan Suppress Precious Metals Prices?

Not much longer. Behold the power of 1.8 billion Chinese buying gold and silver. You better get some while you still can. The Bernank is long precious metals.

More Presidential Madness

Hey, I've got an idea! Let's spend our way out of debt. That 700 billion dollar stimulus bill worked like a champ. Let's try a 53 billion dollar encore. We can deliver it "FUBAR" and end up paying even more... You simply cannot make this shit up. A Lionel train set, this one full scale.

Occam's Razor

Back by popular demand. I call this tune- Banker Inferno. I think that's the Bernank on lead vocals singing about QE XXVII. At what point in this DEPRESSION is this country going to wake up and realize who the enemy is? Geezus- I feel like... whatshisname in the Matrix. Neo. Fighting bankers in black suits. Losing. Let me explain something by way of Occam's Razor. I had heard this term many years ago and saw it today in some comments I was reading. Here is the definition we will be working with. That is, the Razor is a principle that suggests we should tend towards simpler theories until we can trade some simplicity for increased explanatory power. That power usually comes by the way of an archaic term we once called an "investigation." That relic may have been lost. To utilize the Razor, we must ask ourselves simple questions. Ok, here's how this works. We are looking for a " simple theory." 1. Who controls the quantity of money? Answer- t

It's ON Like Donkey Kong!

Great stuff today. As predicted by some anonymous, silver Nostradamus type, silver was up over 3% today. It is up another 6 cents after hours. I want you to stop and think about what I am about to say. China hiked interest rates today. Chinese people buy physical gold and silver as an inflation hedge. There are potentially 1.8 BILLION buyers in that country alone. Forget the U.S. We have a bunch of saps watching stupid shit on TV. Only 300 million of us. Don't think the Chinese government reports the real inflation rate either. In time, the Chinese government may learn how to distort the picture as effectively as we do. Shit, they might just outlaw inflation all together. Execute some guy selling rice cakes. Bonds and yields are about to go supernova as well. I can't wait to see what form of gimmickry and wizardry the Bernank tries next. Ap

Just Some More Crooked Bastards

Makes you wonder how many have not been caught. Let me give you the Frankenstein Government estimate. A shit ton. From the WSJ.

Apple Stock Tremendously Undervalued, Get In Now or Get Priced Out!

I just heard another CNBC talking head tout Apple stock. What he is really advocating is "get in so we can get out." The buy high and sell low theory. The long holders are in deep shit if this QE2 ever quits. Because at that precise moment, every short seller in the universe, including yours truly- who has been forced to the sideline will come enmasse to sell your inflated, POMO induced paper, back to earthly levels. With virtually every hedge fund and mutual fund in the galaxy holding Apple stock, you can hear the chant daily. They are all in. When two hundred shares of Apple stock (currently 355) trade at the same approximate price as a 1400sqf home in the Midwest- what is the best investment? Let's see, if you bought the home outright you would save about 700 a mo. x 12 or about 8400 dollars a year. If you bought 200 shares of Apple, and it goes to 450, (the talking head's price) you would make about 19 grand or about two years worth of house payments. The

Help Wanted Ad As Seen on Peking Craig's Rist We are currentry rooking for man who ignore infration data. Who refuse to raise interest rates. A man who refuses drinks kooraid. Do you know of sich a man? Pay big money. Can you help prease? Time is Yuan. Sincerery, Chinese Business

Welcome to the February 8th*Updated

A couple of weeks ago, I snipped some anonymous internet rant about a cabal of traders buying silver and gold (paper) longs and that at the end of the settlement month(s) they were going to demand delivery of the underlying commodities. *A commenter on another site noted that no in fact, the squeeze was on and the trade would be settled in cash, this is proving inaccurate. From the mighty Organ. Thus the total number of silver oz standing in February rose dramatically today to 1,455,000 +  475,000 =  1,930,000.  We gained a massive 500,000 oz today).  Somebody was need of silver in a hurry!! *2nd note. Email confirmed I had the wrong bank shorts. JP Morgan, HSBC...noted and edited. Most people I follow believe that the Comex has far more contracts trading in paper gold and silver than deliverable gold and silver. Such contracts are almost always settled with cash. However, if some cabal actually all demanded delivery of physical gold and silver at once- could it be delivered? Th

Has CNN Cornered the Market On Delusional Writers?

I offer up this example. C'mon, people the recession is over. (By the way, quit calling this depression a recession- I am getting tired of hearing that garbage.) Forget all of your lost equity, lost homes, and five hundred something credit ratings. Forget about those lost jobs, your new 12 buck an hour job, rising health care and food costs- and taxes. Please buy some of our over priced and worthless stufff. CNN is dangerously close to receiving my weekly award for shittiest writing of the week. Probably going to read the imbecile Krugman, some other libtard shit, but right now- CNN getting a heavy lean.

Frankenstein Government Is Not For Sale

Let's just dispel the rumors before they start. 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. 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. 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 an

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? 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. 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 E

WireCutter Explains the New Obama Stamp