Friday, October 21, 2011
We Spend 1.3 Trillion a Year On Agencies That Did Not Exist the Day that JFK Was Killed
Welcome to Frankenstein Government. From Randall Hoven at American Thinker. A very good read. http://www.americanthinker.com/2011/10/back_to_1969.html
Thursday, October 20, 2011
The Chevy Volt- A Huge Waste of Money, Now Being Given Away
At 46 thousand dollars apiece, after taxes, preparation, destination charges etc.- the Chevy Volt is a complete non starter. In fact, at 30 grand less- the Hyundai Elantra gets better mileage, it is quicker, and roomier. Unfortunately- even the South Koreans are kicking our asses.
The only reason I would buy a Volt is to park it in storage and gamble that 50 years from now that it might be worth something as a first year boondoggle.
Government Motors is aptly named. Here's their latest trick. Giving the Volt away. http://directorblue.blogspot.com/2011/10/awesome-news-gm-now-using-taxpayer.html
The only reason I would buy a Volt is to park it in storage and gamble that 50 years from now that it might be worth something as a first year boondoggle.
Government Motors is aptly named. Here's their latest trick. Giving the Volt away. http://directorblue.blogspot.com/2011/10/awesome-news-gm-now-using-taxpayer.html
Gold and Silver Update*Update
I wanted to plug Turd Ferguson's, "TF Metals" site tonight. http://www.tfmetalsreport.com/blog/2740/chart-review
Turd's site is about one of ten that I read daily and weekly. It is excellent and I love the comments. Turd and the commenters keep the trolls to a minimum. Many of the players are futures players- although the incredible margin hikes in silver have literally ruined that market. The ratio, 1 actual dollar in your account for every 6 dollars of silver controlled by a contract (at 30 bucks an oz.) has essentially ruined the small speculators. The good news is that the silver market has been turned over to only strong hands which means the volatility is likely gone.
Remember a simple rule. Banks hate precious metals. Metals are real money. They are the competition. Every time you buy metal- you are shorting worthless and unbacked currencies.
The CFTC has voted for position limits. No longer can giant commercials force the price of metals down with unlimited and naked selling. They will have to prove they have the underlying commodity. Precious metals markets have been manipulated by commercial banks for years. This is a very positive development for precious metals although I expect banks to find a way around new position limit rules.
Yours truly and a few of his friends signed the petition for position limits.
I don't know all of the nuances of the new position limits and the deadline is kind of murky. I do know that the big commercial shorts have to unwind their positions. I look to places like TF Metals to interpret this for me. Turd believes, and so do I, that banks are going to try and force metals prices down as much as they can so that they can cover their outstanding short positions at more accommodating prices.
I only buy physical. I am waiting to buy my last huge chunk of silver. One hundred ounces will take me to 350 ounces of silver- that was my original goal over a year ago. Any price in the 26 range means I buy. That simple. I am only looking for two more ounces of gold. Gold at 1500 means I buy. My original goal was 10k of each metal. I am toying with buying an oz. or two of platinum. Platinum has really been taken out lately.
Trust banks to give us the price we want. Don't worry as they push that price down. They are going to try and exit their obligations just as cheaply as they can. That may be the last cheap entry point in a world gone completely berserk. I expect the FED not to do anything or announce anything (did you see that CPI report?) until its member banks unwind their positions. Quiet. When the big commercials are about out, say hello to a smoldering euro, printing gone bananas, and QE3. I believe that 2012 will be one of the most rewarding years ever- for precious metals buyers.
*Found this Elliott wave gem suggesting a gold downside of 1200 possible. Food for thought. http://www.allamericanindex.com/headlines/story.php?id=1842652
Turd's site is about one of ten that I read daily and weekly. It is excellent and I love the comments. Turd and the commenters keep the trolls to a minimum. Many of the players are futures players- although the incredible margin hikes in silver have literally ruined that market. The ratio, 1 actual dollar in your account for every 6 dollars of silver controlled by a contract (at 30 bucks an oz.) has essentially ruined the small speculators. The good news is that the silver market has been turned over to only strong hands which means the volatility is likely gone.
Remember a simple rule. Banks hate precious metals. Metals are real money. They are the competition. Every time you buy metal- you are shorting worthless and unbacked currencies.
The CFTC has voted for position limits. No longer can giant commercials force the price of metals down with unlimited and naked selling. They will have to prove they have the underlying commodity. Precious metals markets have been manipulated by commercial banks for years. This is a very positive development for precious metals although I expect banks to find a way around new position limit rules.
Yours truly and a few of his friends signed the petition for position limits.
I don't know all of the nuances of the new position limits and the deadline is kind of murky. I do know that the big commercial shorts have to unwind their positions. I look to places like TF Metals to interpret this for me. Turd believes, and so do I, that banks are going to try and force metals prices down as much as they can so that they can cover their outstanding short positions at more accommodating prices.
I only buy physical. I am waiting to buy my last huge chunk of silver. One hundred ounces will take me to 350 ounces of silver- that was my original goal over a year ago. Any price in the 26 range means I buy. That simple. I am only looking for two more ounces of gold. Gold at 1500 means I buy. My original goal was 10k of each metal. I am toying with buying an oz. or two of platinum. Platinum has really been taken out lately.
Trust banks to give us the price we want. Don't worry as they push that price down. They are going to try and exit their obligations just as cheaply as they can. That may be the last cheap entry point in a world gone completely berserk. I expect the FED not to do anything or announce anything (did you see that CPI report?) until its member banks unwind their positions. Quiet. When the big commercials are about out, say hello to a smoldering euro, printing gone bananas, and QE3. I believe that 2012 will be one of the most rewarding years ever- for precious metals buyers.
*Found this Elliott wave gem suggesting a gold downside of 1200 possible. Food for thought. http://www.allamericanindex.com/headlines/story.php?id=1842652
Obama's Last Chance
It must be tough being so intelligent. That big 'ol Columbia/Harvard brain just sitting there doing nothing. Bus tours. Trying to make nice.
How would it be to have the answer to your re-election dreams sitting in front of you and not notice it? That's the problem when you are forever broadcasting rather than listening. When you have decided that you are the teacher and never the student. That's too bad. Because you see, Bank of America's pending theft of taxpayer dollars, is a dream come true. Can you imagine- rather than exposing taxpayers to a multi trillion dollar derivatives debt- if Obama were to grow a pair of balls. To finally do what he should have done 3 years ago. Tell Bank of America they are done. No more bailouts. Adios. Receivership. http://www.zerohedge.com/contributed/occupy-wall-street-may-address-looting-bank-america-and-federal-reserve Can you imagine the cheer that would go up in America? Finally the assholes that engineered this disaster would be getting theirs. Wow. It might be enough to get Obama re-elected. Sssshhh now.
Like I said, it must be tough being so smart, a real burden. Thankfully most of us have escaped that fate.
How would it be to have the answer to your re-election dreams sitting in front of you and not notice it? That's the problem when you are forever broadcasting rather than listening. When you have decided that you are the teacher and never the student. That's too bad. Because you see, Bank of America's pending theft of taxpayer dollars, is a dream come true. Can you imagine- rather than exposing taxpayers to a multi trillion dollar derivatives debt- if Obama were to grow a pair of balls. To finally do what he should have done 3 years ago. Tell Bank of America they are done. No more bailouts. Adios. Receivership. http://www.zerohedge.com/contributed/occupy-wall-street-may-address-looting-bank-america-and-federal-reserve Can you imagine the cheer that would go up in America? Finally the assholes that engineered this disaster would be getting theirs. Wow. It might be enough to get Obama re-elected. Sssshhh now.
Like I said, it must be tough being so smart, a real burden. Thankfully most of us have escaped that fate.
Wednesday, October 19, 2011
The Accidental Libertarian
The story I am about to tell you is true and as I scroll backward, I think it is odd how life shapes you. How values can shape political beliefs. Back in my police chief days- I was hell bent on telling the truth. That was my standard. I tried very hard to always tell the truth to people even when I knew they would not like it. I didn't really care for pollyanna spin or lying politicians which I was finding in epidemic proportions. And if I caught you lying and waxing some bullshit to me- I made a point of calling you on it. This prevented a lot of subsequent bullshitting. However, this penchant I had for truth telling - cut my career a little short. That was the downside.
We all make choices. Kiss up or tell the truth. Very often, those two styles are mutually exclusive.
Many years ago, I was at one of these giant statewide meetings in Boise promoting Idaho's seat belt law. There were mayors, local and state politicians, city administrators, chiefs, sheriffs, the media. Vendors selling stuff. That sort of thing. The Governor and the Idaho Department of Transportation had picked some gal to speak about the benefits of the seat belt law.
She was one of those bubbly, high energy gals. I liked her. She spoke about traffic statistics, injuries, deaths, and thus- promoted all of the magical goodness and improvements that wearing seat belts would bring us. I was ok with most of this. And then she made a fatal mistake. She began to preach about how our medical costs would go down. How insurance and litigation costs would go down. By the time she finished that part of the rant, I decided to let her have it. I stalked her at the break. I caught her in the hallway.
I told her that I didn't give a shit about whether we saved insurance companies money or not. I stated to her that we have been putting safety devices on cars since 1969, that driving fatalities have plummeted over that time, and I'll be damned but insurance costs have gone straight up. Not once had an insurance company ever sent me a refund or reduced my premium. Nor had medical costs gone down. In summation, I said, I am in the saving lives business and absent that- I hate seat belt laws. I hate that private business, insurance companies in this case, can lobby politicians to pass laws that strip me of my freedom. I agree with seat belt laws for reasons aside from fattening insurance companies' and their profit margins.
That was the day I became a libertarian. I had no idea how bad America was going to get.
More than ten years later, the statists and moonbats are in control. They pass ridiculous laws regulating every facet of human conduct. They want recycling laws, laws outlawing light bulbs. They've outlawed happy meals in some parts of California. In my hometown of Moonbat Valley, they are trying to outlaw plastic grocery bags. Earlier this year, some school kids tried to outlaw transfat in local restaurants. They have a dog poop law on the bike path. In Seattle, you must wear a bicycle helmet. You must wear a life preserver if you go into the water. The democrats of California passed the great "stolen valor law." http://thecivillibertarian.blogspot.com/2011/10/moonbats-introduce-and-help-pass-stupid.html
Screw freedom, pass laws. Worry about the enforcement costs later. That in a nutshell is how the left and the statists think. They can't stop. Statists will seek to regulate every facet of our lives. Statists hate freedom which in my mind- makes them de facto communists. That's right. I said it. If you want government regulating every facet of human conduct then get the fuck out of here. Move to N. Korea. Or China.
Am I the only one who is sick of the statists telling me what I can eat, how I can light my room, what is politically correct for me to say or not? Can I disagree with assholes like Al Gore who don't know anymore about global warming than I do? The libertarian party is refuge for me. The only place that makes sense in a world where all that really matters is regulation gone nuts and a kleptocracy/nanny government keen on stripping your wealth.
I am a patriot and I love freedom or at least the dwindling illusion of freedom. That's how I became a libertarian. Libertarians realize that every time you pass a law we lose freedom and money. Sometimes we are ok with that, mostly we are not. Libertarians have an actual platform that doesn't mutate. Ron Paul adheres to it.
At the end of the day, the Democrats might be called the Big Government Party. The Republicans might be called the Big Business Party. The Libertarians are called refuge. Minimum government, maximum freedom. That's how I found them- quite by accident. http://www.lp.org/
We all make choices. Kiss up or tell the truth. Very often, those two styles are mutually exclusive.
Many years ago, I was at one of these giant statewide meetings in Boise promoting Idaho's seat belt law. There were mayors, local and state politicians, city administrators, chiefs, sheriffs, the media. Vendors selling stuff. That sort of thing. The Governor and the Idaho Department of Transportation had picked some gal to speak about the benefits of the seat belt law.
She was one of those bubbly, high energy gals. I liked her. She spoke about traffic statistics, injuries, deaths, and thus- promoted all of the magical goodness and improvements that wearing seat belts would bring us. I was ok with most of this. And then she made a fatal mistake. She began to preach about how our medical costs would go down. How insurance and litigation costs would go down. By the time she finished that part of the rant, I decided to let her have it. I stalked her at the break. I caught her in the hallway.
I told her that I didn't give a shit about whether we saved insurance companies money or not. I stated to her that we have been putting safety devices on cars since 1969, that driving fatalities have plummeted over that time, and I'll be damned but insurance costs have gone straight up. Not once had an insurance company ever sent me a refund or reduced my premium. Nor had medical costs gone down. In summation, I said, I am in the saving lives business and absent that- I hate seat belt laws. I hate that private business, insurance companies in this case, can lobby politicians to pass laws that strip me of my freedom. I agree with seat belt laws for reasons aside from fattening insurance companies' and their profit margins.
That was the day I became a libertarian. I had no idea how bad America was going to get.
More than ten years later, the statists and moonbats are in control. They pass ridiculous laws regulating every facet of human conduct. They want recycling laws, laws outlawing light bulbs. They've outlawed happy meals in some parts of California. In my hometown of Moonbat Valley, they are trying to outlaw plastic grocery bags. Earlier this year, some school kids tried to outlaw transfat in local restaurants. They have a dog poop law on the bike path. In Seattle, you must wear a bicycle helmet. You must wear a life preserver if you go into the water. The democrats of California passed the great "stolen valor law." http://thecivillibertarian.blogspot.com/2011/10/moonbats-introduce-and-help-pass-stupid.html
Screw freedom, pass laws. Worry about the enforcement costs later. That in a nutshell is how the left and the statists think. They can't stop. Statists will seek to regulate every facet of our lives. Statists hate freedom which in my mind- makes them de facto communists. That's right. I said it. If you want government regulating every facet of human conduct then get the fuck out of here. Move to N. Korea. Or China.
Am I the only one who is sick of the statists telling me what I can eat, how I can light my room, what is politically correct for me to say or not? Can I disagree with assholes like Al Gore who don't know anymore about global warming than I do? The libertarian party is refuge for me. The only place that makes sense in a world where all that really matters is regulation gone nuts and a kleptocracy/nanny government keen on stripping your wealth.
I am a patriot and I love freedom or at least the dwindling illusion of freedom. That's how I became a libertarian. Libertarians realize that every time you pass a law we lose freedom and money. Sometimes we are ok with that, mostly we are not. Libertarians have an actual platform that doesn't mutate. Ron Paul adheres to it.
At the end of the day, the Democrats might be called the Big Government Party. The Republicans might be called the Big Business Party. The Libertarians are called refuge. Minimum government, maximum freedom. That's how I found them- quite by accident. http://www.lp.org/
Idiot Moonbat Jackson, From Bankrupt Illinois, Asking That Obama Suspend the Constitution...
,,,or some shit like that. This is an interesting article. It may qualify for one of my crappy writing awards by failing to stay on point and rambling. Weird stuff at the end. http://news.yahoo.com/rep-jesse-jackson-jr-demands-obama-suspend-constitution-223300250.html
The Criminal Enterprise That Some Refer To As Bank of America, Now Imploding, Taking Taxpayers With It
How can a bank socialize it's losses and rip off the American taxpayer? By doing this. Simply unbelievable. http://truthingold.blogspot.com/2011/10/bank-of-america-takes-sleaze-to-new.html
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