MONEY: Obama’s “Bailout Bonds”

Friday, April 10, 2009

http://www.lewrockwell.com/rockwell/bailout-bonds.html

Bailout Bonds?
by Llewellyn H. Rockwell, Jr.

*** begin quote ***

The Obama administration is cajoling investment companies to create bailout bonds. These would be similar to the bonds that wartime presidents created to find sucker-investors for their wars. Americans were browbeaten into buying them as a patriotic duty. So too those who say “yes, we can” to the bailouts will be asked to do their patriotic duty, and buy the debt of loser companies.

It’s all part of the war on depression, which is destined to be as successful as the war on drugs. But, hey, if it is a good investment, why not buy bailout bonds? Well, there’s a problem. The bonds represent credit extended to companies and projects that are proven market failures. Creating these bonds is a way of institutionalizing the principle of buying low and selling lower.

*** end quote ***

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An even MORE important point is who’s going to buy ANY of the US Gooferment debt?

When the pundits say ONE or TWO Trillion Dollar Deficit, (that means they haven’t or can’t tax it to zero), there are really only TWO choices: INFLATION to monetize the debt (A fancy way to say “we’re going to screw everyone who hold dollars”; that’s why the Chinese with their 5T$ are upset. Inflation is a tax on every dollar that currently exists. How many do you have?) —-OR—- BORROW it. (The Treasury issue notes and bonds, basically IOUs, to folk who think they might get their money back with interest.

Who’s going to buy 2T$ worth of debt?

Not the unemployed. Not the “scared money”. Not the Chinese. Not the retirees who have taken a 50% haircut in the market. Not those with 401ks and IRA that have taken the same haircut or worse.

Who else has savings to loan Uncle Sam?

Watch for the interest rates to rise. See bond buyers KNOW their biggest risk is inflation. For those of us who lived thru the Carter Stagflation, we remember the Treasury couldn’t sell 15% tbills because price inflation was running 20%. History WILL repeat itself.

Gold and silver. Gold and silver.

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Posted by reinkefj

SOFTWARE: NAMBU manages TWITTER

Friday, April 10, 2009

http://www.nambu.com/  

The Nambu Network

The Nambu Network is just that: a network of services for social messaging, integrated seemlessly into our client software to maximize the integration and user experience.

And, best of all, everything Nambu is free.

Nambu is emerging as the best social messaging experience for OS X, only just starting with Twitter and FriendFeed. Tell us what you want us to work on. We need your input to help us build the software that we all want to use.

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Jury’s still out on this.

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FUN: Filling for an SUV sandwich?

Thursday, April 9, 2009

http://online.wsj.com/article/SB123906731177395605.html

GM, Segway to Make Vehicle

200904071126.jpg

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Yeah, I can see that sandwiched between two SUVs? Ruins the organs for a donation.

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Posted by reinkefj

QUOTE: FDAS!

Thursday, April 9, 2009

In the immortal words of Dean Wormer: “fat, drunk and stupid is no way to go through life”.

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JOBFINDING: IBM Content tech Jersey City NJ

Thursday, April 9, 2009

IBM Content Manager programmer/developer/admin

About the Job

My client, a major financial company in Jersey City seeks to hire an IBM Content Manager technician, developer, systems admin or tech architect.

MUST BE HANDS-ON. THEY ARE NOT LOOKING FOR A MANAGER AND CANNOT SPONSOR. POSITION IS IN JERSEY CITY EASILY ACCESSIBLE TO THE PATH TRAINS FROM MANHATTAN.

Will help support and extend use of IBM Content Manager. The candidate for this position will be responsible for working as a member of a team in administering vendor products, integrating them into various technology platforms and business applications, and building apps using IBM CM package. Will participate in bringing up new releases of IBM Content Management. MUST BE HANDS-ON!!!!!!!!!!!!!

Jack M. Schwartz

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Posted by reinkefj

RANT: How do I acquire this “moral obligation”?

Thursday, April 9, 2009

http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=93479

The moral dilemma of today’s statists
A Minority View Walter Williams
Posted: April 01, 2009

*** begin quote ***

There is neither moral justification nor constitutional authority for what amounts to legalized theft. This is not an argument against paying taxes. We all have a moral obligation to pay our share of the constitutionally mandated and enumerated functions of the federal government.

*** end quote ***

Unfortunately, I have to disagree with Professor Williams. I’m even further out on the Libertarian spectrum form him. I can refute his “moral obligation” with two words:

“Lysander Spooner”!

How is it I’m bound by what the DOWGs wrote before I was ever born?

And, that assumes that the Constitution in some way binds the gang in the District of Corruption!

Argh!

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RANT: We don’t need gooferment “help”

Wednesday, April 8, 2009

http://www.lewrockwell.com/blog/lewrw/archives/026190.html

The End of the “Voucher” Argument
Posted by Thomas DiLorenzo at April 4, 2009 05:09 PM

*** begin quote ***

Proponents of a form of “market socialism” known as “school vouchers” have long ignored the argument that along with government money would come government control of private schools that accept voucher students. This would in turn destroy the private schools, eventually. This argument against vouchers was always unanswerable, but the current antics of the Obammunists should prove once and for all what a hoax it is to call voucher welfare a “libertarian” idea.

*** end quote ***

As a past fan of “vouchers”, I thought they could be useful as a transition mechanism from the Socialistic “School” system we currently have to a Free Market version. Now that we’ve seen the damage the Gooferment can do with its rules (i.e., “mark to market”; “short sale uptick rule”; taxe preferences) and its help (i.e., killing one Lehman but “saving” a competitor AIG; GM; the “bonus” executives).

In short, we just have to close it down! It’s too big, too powerful, and too dangerous.

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MONEY: Leaving the American Dollar

Wednesday, April 8, 2009

http://www.telegraph.co.uk/finance/financetopics/g20-summit/5072484/Russia-backs-return-to-Gold-Standard-to-solve-financial-crisis.html

Russia backs return to Gold Standard to solve financial crisis

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Anything that moves the world off the US Dollar as the world’s reserve currency is going to hurt us. The Chinese alone are holding 5T$. What do they do? Obama’s deficits are 2T$ in 2009 alone. Who’s going to buy that debt?

As always, it’s posterity who is going to be left holding the bag.

What can us little folk do? Buy bullion gold coins, take delivery, and “bury” them at home as part of your “savings”. It’s the only investment option that gets you off the fiat currencies. Read about the pre-WW2 German inflation and the news reports out of Zimbabwe. It’s coming, the only question is when. Obama’s socialism and spending is going to make us all poorer, very quickly.

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GOVEROTRAGEOUS: The Gooferment refuses to TARP repayment

Tuesday, April 7, 2009

http://online.wsj.com/article/SB123879833094588163.html

   * OPINION
   * APRIL 4, 2009

Obama Wants to Control the Banks
There’s a reason he refuses to accept repayment of TARP money.
  By STUART VARNEY

*** begin quote ***

I must be naive. I really thought the administration would welcome the return of bank bailout money. Some $340 million in TARP cash flowed back this week from four small banks in Louisiana, New York, Indiana and California. This isn’t much when we routinely talk in trillions, but clearly that money has not been wasted or otherwise sunk down Wall Street’s black hole. So why no cheering as the cash comes back?

My answer: The government wants to control the banks, just as it now controls GM and Chrysler, and will surely control the health industry in the not-too-distant future. Keeping them TARP-stuffed is the key to control. And for this intensely political president, mere influence is not enough. The White House wants to tell ’em what to do. Control. Direct. Command.

It is not for nothing that rage has been turned on those wicked financiers. The banks are at the core of the administration’s thrust: By managing the money, government can steer the whole economy even more firmly down the left fork in the road.

{Extraneous Deleted}

*** end quote ***

It’s all about taking the county socialist. He was rated the 100% liberal senator. He has no other skill than manipulation.

We will never recover from this enormous debt he’s putting on our posterity.

Like Lincoln, Wilson, FDR, Johnson, and Clinton, he’s taking us where we can’t get back from.

The American Experiment has failed.

Where will the new Revolution arise from?

When do the People again take to the barricades to fight for Freedom and Liberty?

Obama made a joke or threat to the Bankers saying “I am the only think between you and the pitchforks.” I’d take care Mister Politician. When the People get out the pitchforks as few of us my come after the Politicians and not the Bankers.

Beware the Devil’s bargain. And, the gooferment is that devil.

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RANT: Innocence should ALWAYS be grounds for an appeal!

Tuesday, April 7, 2009

http://www.youtube.com/watch?v=-dNcfDyWGaI&feature=player_embedded

New Series Profiles Dallas DA’s Efforts to Find Wrongly Convicted

Radley Balko | March 29, 2009, 10:29am

*** begin quote ***

Dallas District Attorney Craig Watkins—a former defense attorney—has garnered national headlines for his efforts to uncover wrongful convictions in his jurisdiction. He’s actively working with the Innocence Project and with Dallas defense attorneys to seek out possible injustices perpetrated by his predecessors in the DA’s office.

*** end quote ***

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Yeah, another myth. Better one innocent man go free?

And, the gooferment’s justice system is about “justice”!

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