Showing posts from April 3, 2011

More Pissing in the Ocean, Final Chapter

Well, after juggling around so many figures that I couldn't keep track of them all- the morons in Washington finally settled on 39 billion in cuts. For this year's budget. The same year (2011) that has a predicted 1.65 trillion shortfall in revenue. Now if the tax/revenue shortfall gets adjusted to 1.70 trillion, guess what? The new figure will eclipse all of the gains made by this alleged "wrangling" between parties. The 38 billion is so irrelevant in the big scheme of things that it is truly just a piss in the ocean. If Bernanke raises interest rates by a nominal .25%, we will spend more money refinancing treasuries in one year than we saved in all of that political theater this week. Remember the Republican's original 100 billion dollar cuts? Yea. Couldn't even manage 1/2 of that.  No shortage of cowards in DC. Thank gawd it's finally over. ht

Captain Bullshit

I remember Alan Simpson's arrogant remarks a few weeks ago. One of my homeboys went to town on him. Hat tip to my uncle Lynn! THIS SENIOR CITIZEN NAILED IT!!!!!!!!!!!!!!   Alan Simpson, Senator from Wyoming , Co-Chair of Obama's deficit commission, calls senior citizens the Greediest Generation as he compared " Social Security " to a Milk Cow with 310 million teats. August, 2010. Here's a response in a letter from a unknown fellow in Montana.... I think he is a little ticked off!   He also tells it like it is !   ---------------------------------------------------------------------------------------------------------------------------- "Hey Alan, let's get a few things straight.. 1. As a career politician, you have been on the public dole for FIFTY YEARS.     2.. I have been paying Social Security taxes for 48 YEARS (since I was 15 years old. I am now 63).     3 My Social Security payments , and those of millions of other Americans,

Forty Grand For Obama?

Fundraising dinner in San Francisco. Obama promises to talk to each donor individually. The price? Just 38,500. Limit- 60 guests. Why in the hell would anyone want to pay the narcissist-in-chief to talk? We have gotten 3 years worth of free speech from this clown. In fact, I'd like to see him exercise his right to remain silent. Shit. I might give him 38,500 to STFU. I have a picture of me shaking the dark lord Cheney's hand. Blood soaked tie and all. Free. Priceless. So it begins. Great.

Welcome to Fabulous Friday! Let's Get Short! Woohoo!

What a wonderful day! The fruits of the world's central banks are starting to pay off. Oil is going parabolic with no corresponding supply problem- the dollar is trading sub 75 as I write this- Portugal is completely bankrupt- we have no budget deal- gold and silver had a fantastic run today. In fact silver shot through 40 and is on the verge of cracking 41.00  after hours. I think Ben Bernanke is toast. I think he will be canned in the next 12-14 months. I believe that. In fact I think that there is a better than average chance he gets the hook before the end of the year. I believe that Bernanke's efforts have not had a fucking thing to do with the United States economy. I believe that the 9 trillion that the FED loaned member banks (and was forced to disclose) in 2008 tells the story. The world's bankers are bankrupt. All of these bailouts, cash for clunkers, mortgage subsidies, QE1, QE2, POMO, and fantasy accounting methods are all just schemes designed to try and ge

What Is a Non Essential Government Worker?

Answer- all of them. More budget impasse bullshit. Some government workers are just more worthless than others. Like Congressmen and golfing Presidents. Here's a guy, we used to call them "tree cops", who thinks the world will go to hell in a hand basket without him. How did we ever manage without forest service workers?

Ok, FG, I Didn't Buy Any Precious Metals...What Should I Do Now?

Gold is currently cracking the 1460 level and silver is trading around 39.60. Just a few short weeks ago, you could have entered these markets and made a bunch of dough. About 40% in just two months in the silver market. So let's get this out of the way. If you failed to buy these two metals, at those prices, you are a dumb shit. You should have been reading my blog and paying attention. That's ok. It's a free country and gawd knows you are entitled to be a coward. A wussy. Ha!...all in good fun... If you missed that rise- what do you do now?  If I had missed this big run up, and thank gawd I didn't, I'd average in here. I still believe silver is worth 100 bucks an ounce and gold is worth 2000 bucks an ounce- perhaps as soon as the end of this year. That ain't a bad rate of return folks. Even if you are a bit late to the party. Now you might be thinking, FG just wants us all to buy in so that he can get out. The six hundred million or so English speaking

Government Shutdown? Who Cares?

All of this talk about a government shutdown makes for good theater. The truth is, a government shutdown will essentially not effect anyone. Why? Because there really is no such thing as a government shutdown. It doesn't exist. All they do is close a few parks, give a few IRS agents some time off with back pay, and accumulate back pay for soldiers. Active duty soldiers, covered by the soldiers and sailors act, cannot be hounded by debt collectors. So essentially, the whole "budget impasse" is just so much hot air. All of this quibbling between political parties is over puny amounts of money and doesn't mean jack shit anyway. Thirty billion or so is about 6 days worth of interest on our 14.3 trillion dollar debt. Go ahead and yawn here. If there were really a government shutdown- meaning that all government employees were sent to the showers with no back pay accumulating- I'd be all over that. There's a bazillion pieces circulating the intertubes about th

Shitty Journalism of the Week Award Winner!

This was the garbage I was forced to read for 25 years. Unbelievably, they actually pay somebody to write this. This piece is so bad I couldn't even bring myself to write a nasty comment. Government is the answer to all of our problems. Really.

Illegal Immigrants, Like Obama's Crazy Aunt, Plunder American Welfare System

We put nothing in, but we take plenty out. When millions upon millions get free money- what could possibly go wrong? Here's video of Obama's crazy illegal alien aunt. She lives in public housing and says she is entitled to free money. If you have never seen her, watch this. You will not want to do this twice.

President "Do Whatever The Fuck You Feel Like Doing-Irrespective of the Law" Obama's Libyan War Declaration

Rand Paul calling Obama on his shit. The mainstream media in this country is truly bought and paid for. It's sickening.

Opening a Can of Whoop Ass


Is "Atlas Shrugged" the Movie...Too Late To Save Our Dystopia?

Has the United States devolved into a dystopia? I think the answer to that question is undeniable. The larger and much more operative question is, "Can we salvage our country or is it too late?" Ayn Rand was a fantastic human being. She was I think, the kind of person I am always attracted to. Not because I agree with everything that she had to say, but because I understood the philosophy she employed in arriving at her conclusions. I find her philosophy and thus her conclusions, congruent. Ayn Rand died when I was just a young man. The truth is, I didn't pay attention to her. I suppose she was just a little old lady then- practicing some blend of philosophy and economics which would not appeal to me until I became a little old man. I agree with most of her libertarian and laissez faire views; I adamantly disagree with her views on selfishness as a virtue and love. Interestingly, I agree with her reason and logic but not her c

Current Bank of America/Countrywide Business Model


Living in Bernanke's Matrix

I wanted to write this weekend. I couldn't bring myself to do it. I read news story after news story and I just sat here and drooled. I truly can't believe what is going on in the world. Obama calling a war with Libya even though he himself said a President could not do this by law- in 2007 as a Congressman. The media ignoring it. The media has ignored the gun walker scandal. The media ignores everything bad about Obama which incidentally- captures the essence of nearly everything he does. The moron-in-chief. Obama announced his re-election campaign today. Oh I can't wait for 4 more years of bullshit, banker pardons, and communism. The Japanese nuclear fiasco is far worse than anyone could imagine. The Japanese government, like ours, seems to minimize and lie about the details. I have been looking at radiation counts and weather models. California is getting a huge radiation dose right about now- which undoubtedly will find it's way to Idaho. I listened to FED Gov