MONEY: Ditch dollar movement?

Thursday, March 19, 2009

http://www.reuters.com/article/newsOne/idUSTRE52H2CY20090318

U.N. panel says world should ditch dollar
Wed Mar 18, 2009 11:16am EDT
By Jeremy Gaunt, European Investment Correspondent

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LUXEMBOURG (Reuters) – A U.N. panel will next week recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar.

*** end quote ***

The end of the US Dollar as the World’s reserve currency? That would be unbelievable. “Everyone” said that it could never happen! SO, what happens when it does? Are we on the road to being like Zimbabwe?

Why are we still funding the UN. We should ditch them!

Gold and silver — the Dead Old White Guys were right — The Palladium rounds (i.e., medallions — the Gooferment gets mad if you call them coins. But thy look like coins to me.) at about 300$/oz seem like a bargain. Rarer than Platinum at 1200$/oz.

But, plan for a Carter-like inflation; did you see Carter visited the Obama White House yesterday. Why? To get advice on how to print “Whip Inflation Now” buttons?

Will Obama on Leno distract everyone with how incredibly screwed we are? And what a good guy he is personally.

Humbly, I think he’s drowning us in the deep end of the pool while he tries to distract us. Ain’t gonna work. At least, I’m not distracted as to what this means to us low fixed income folks. I hope it’s not distracting the People or you.

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Posted by reinkefj

RANT: 90% taxes on employee bonuses

Thursday, March 19, 2009

March 19, 2009

The House voted 328-93 to approve a bill imposing 90% taxes on employee bonuses from firms bailed out by taxpayers.

The bill would tax bonuses paid by firms that received more than $5 billion from the TARP. The Senate is working on its own plan to try to recoup bonuses.

The House bill is a response to the furor over millions in retention bonuses paid by AIG.

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Can anyone say “Bill of Attainder”?

If these bozos would actually read what they vote on, then they wouldn’t have to have this pretend outrage!

Don’t forget all the Hollywood, Education, and Sports types?

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POLITICAL: What would Gandhi, MLK, or Jefferson do?

Thursday, March 19, 2009

http://www.lewrockwell.com/orig10/dugas1.html

A Look at the Jury System and Our Participation in It by Graham Dugas

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Jury trials are one of the non-violent ways our republic still affords us to resist evil. Use it to the full. We may get a proud feeling as we are giving the judge a righteous civics lesson but that is not the goal. The goal is to get to a place (the jury) where you are the “decider.”

*** end quote ***

Yup, sneak on a jury and hang it. Personally, unless the defendend aggressed against someone, you should hang on general prinicples.

Throw “sugar” in the gooferment’s “gas tank”.

What would Gandhi, MLK, or Jefferson do?

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FUN: Facebook slam on You Tube; a real LOLer!

Thursday, March 19, 2009

FaceBook In Reality – idiotsofants.com and BBC’sThe Wall

Hilarious “poke” at social networking and FACEBOOK in particular.

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Posted by reinkefj

MONEY: Live debt free

Wednesday, March 18, 2009

http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=88524

People demanded change and it’s coming

Posted: February 10, 2009 8:41 pm Eastern

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The time of politicians listening to the will of the people has long passed. They are no longer our servants, they are our masters. Masters who demand we continue down the same road that has failed us for years.

What are we going to do about it?

As for me, I have decided to take hold of my future by preparing for very uncertain times. I live debt free. I live within my means. I don’t have the biggest house in town. But I sleep well and know that when they screw things up even worse than they already have, I can pay my bills because I don’t invest in their nonsense. I own land, gold, cash and a very small amount of stock.

I suggest you do the same.

I fully intend to expose and vote against everyone who voted for this foolish bill. Any member of Congress who voted for this bill should never be re-elected. They have blatantly disregarded the cries of the constituents who gave them their jobs. They may have ignored us once without a consequence but not twice.

Shame on whom this time?

*** and ***

Craig R. Smith is president and CEO of Swiss America Trading Corporation, an investment firm specializing in U.S. gold and silver coins. An expert in tangible assets, he is an author, commentator and frequent radio and television guest because he instantly engages audiences with his common-sense analysis of economic trends.

*** end quote ***

Seems like a good plan to me.

It goes hand in hand with my first element of my “Success for your generation” that is “(1) ruthless financial discipline — no bad debt;”

Maybe Dave Ramsey IS right!

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GUNS: O pulls pilot’s guns “silently”!

Wednesday, March 18, 2009

http://www.washingtontimes.com/news/2009/mar/17/guns-on-a-plane-obama-secretly-ends-program-that-l/

Obama secretly ends program that lets pilots carry guns
– The Washington Times

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After the September 11 attacks, commercial airline pilots were allowed to carry guns if they completed a federal safety program. No longer would unarmed pilots be defenseless as remorseless hijackers seized control of aircraft and rammed them into buildings. Now President Obama is quietly ending the federal firearms program, risking public safety on airlines in the name of an anti gun ideology.

*** end quote ***

So much for “openness” and “trasparency”!

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RANT: The incredible shrinking President

Tuesday, March 17, 2009

http://news.sky.com/skynews/Home/World-News/

http://tinyurl.com/d2f7f6

Obama In St Patrick’s Day Teleprompt Blunder
12:26pm UK, Wednesday March 18, 2009

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A teleprompt blunder has led to Barack Obama thanking himself in a speech at the White House in a St Patrick’s Day celebration.

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Oh, big joke!

Imagine if George Bush had done the same thing?

And, the “teleprompter president”?

It’s not surprising. It’s just another version of an “empty suit”.

We should be used to it now.

And, when does a sitting President, take time from the People’s business, to appear on Leno?

Argh!

How far have we fallen?

He started with “hope and change” and has shrunk to the tired old “liberal” socialist agenda and diminished the most powerful office on the globe to a laughing stock!

Double argh!

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TECHNOLOGY: Platform automatic reboots

Tuesday, March 17, 2009

Last night, both my Vista and MacBookAir platforms automagically rebooted.

Argh!

I usually just walk away and leave things open to be picked up where I left off.

What “genius” is making decisions for me!

Argh!

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RANT: The White House. New one the same as the old one! Tyrants!!

Tuesday, March 17, 2009

FROM SLASHDOT

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“With the White House claiming national security grounds for failing to release ACTA related information, including negotiating documents and even the list of participants, the spotlight is now on just who does have access. Turns out, according to James Love, hundreds of advisers, many of them corporate lobbyists, are considered ‘cleared advisers.’ The list looks a who’s who of captains of industry.”

*** end quote ***

Yeah, “national security”!

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GOVEROTRAGEOUS: Why won’t the FED tell us? They don’t have to. It’s a private club!

Tuesday, March 17, 2009

http://www.lewrockwell.com/cummings/cummings60.html

Where Did the Money Go?
by Richard Cummings

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Fed Chairman Ben Bernanke has resisted calls from Congress that he release the names of the banks that were recipients of the bailout money the Fed gave to AIG to prevent it from collapsing. AIG insured its counterparties against losses from mortgage-backed derivatives. The Fed poured $85 billion into AIG, which paid out $37.3 billion of that money to counterparties that had purchased a certain type of derivative-based protection from AIG, called multi-sector credit default swaps.

*** end quote ***

Seems like a fair question.

So what rathole DID our money go down?

And, what rat got fat on it!

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