MONEY: What growth? In the money supply!

Wednesday, April 30, 2014

Fed Cuts Bond Buys, Sees Growth Pickup

The Federal Reserve said it would reduce its mortgage and Treasury bond buying program to $45 billion per month, while pointing to a growth pickup after a bad winter and sticking to previous guidance it has given on the outlook for short-term interest rates.

The steps were widely expected by investors before the meeting and represent a continuation of the monetary policy strategy laid out by Fed Chairwoman Janet Yellen and former Chairman Ben Bernanke in the last few months.

The Fed’s move came after a report that showed the U.S. economy barely grew in the first quarter. Fed officials acknowledged the first quarter slowdown was worse than expected by saying activity “slowed sharply.” Previously they had just said activity merely slowed.

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What marketplace are they watching?

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INTERESTING: No more diet coke for me

Wednesday, April 30, 2014

Since going “primal” (i.e., following the Paleo diet as best I can), all I drink is mostly water, coffee, tea, and wine. (Quantities not necessarily in that order.)

I happened to drink a can of Diet Coke the other day, and it now tastes awful.

Guess like anything, your “tastes” do change.

Bad news for Coke!

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RANT: Life, without parole

Tuesday, April 29, 2014

NBA Bans L.A. Clippers Owner for Life
Los Angeles Clippers owner Donald Sterling has been banned for life by the NBA in response to racist comments the league says he made in a recorded conversation.

NBA Commissioner Adam Silver also says he will try to force a sale of the Clippers and fined Mr. Sterling $2.5 million. Mr. Silver called Mr. Sterling’s comments and views “deeply offensive and harmful.”

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For some reason, I find this abhorrent on a number of levels.

In no particular order:

  1. Cui Bono Why now? Why in this venue? And for who’s eventual good?
     
  2. With “evidence” that would probably not be admissible in court. (I’m no lawyer. But I’d never stipulate anything.)
  3. Using language that’s not appropriate, but there’s racism even within the Black community.
  4. Where is the outrage when other’s do the same. I remember Byrd, the Grand Wizard of the KKK, who was “rehabilitated”. There are a ton of other examples. 
  5. Did he not employ the best? If our private thoughts and words can be used to condemn us, who is immune?
  6. Let he who is without sin cast the first stone. I think the speed that it went from disclosure to “execution” is amazing. When a capital case takes decades, this was “done” in minutes. Why?
  7. How fast they changed the team’s website? Minutes after the NBA decision. Pre-planned?
  8. Interesting: “zero tolerance for institutional racism”. OK? But be careful what you say. Are Jewish people going to demand quotas in the NBA. (And, BTW why is the NBA, MLB, and the NFL “non-profit”?)
  9. As an “owner”, how can he be tossed to the curb without due process? A “majority of the owners” is an interesting term of art. I’d say cartel or monopoly. Isn’t that a per se violation of Federal law? MLB has the “baseball exemption”; what does the NBA have?
  10. And, finally, “protest held by several civil rights groups including the NAACP”. Is this the same group that gave him a “lifetime achievement award” and was going to give him another? They have a lot of “gravitas”.
Bottom life: I think he got screwed?

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GOVERNACIDE: VA secret list

Tuesday, April 29, 2014

http://www.legion.org/veteranshealthcare/221045/legion-va-secret-list-%E2%80%98abhorrent%E2%80%99

Legion: VA secret list ‘abhorrent’

BY Marty Callaghan – April 24, 2014

*** begin quote ***

“We’re going to find out what happened in Phoenix,” Dellinger said. “We are going to find out who was responsible for this secret list and if they are still working for VA. These preventable deaths keep mounting, and yet we see not a single VA manager being held accountable. The American Legion will work with Congress and the VA Central Office to find out exactly what has been happening, and why. It is not sufficient for VA to simply say it’s going to try to do better next time, without holding people accountable.”

*** end quote ***

Coming to everyone soon with OBAMACARE.

Argh!

The Gooferment doesn’t do ANYTHING right. It’s immoral, ineffective, and inefficient.

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INTERESTING: What did Grok, the caveman, eat?

Monday, April 28, 2014

http://www.popsci.com/article/science/youre-not-highly-evolved

You’re Not Highly Evolved
Here’s where our bodies still mess up
By Veronique Greenwood Posted 04.16.2014 at 9:00 am

*** begin quote ***

METABOLISM

Our love of calorie-rich foods was useful early in our evolutionary history, but now that food is plentiful, that same predilection may contribute to the obesity epidemic. Unfortunately, evolution won’t offer its own solution for a long time. For example, 9,000 years elapsed between when some cultures first domesticated cows and when 90 percent of those populations finally were able to digest the lactose in milk.

*** end quote ***

One of the reasons I’m attempting to follow a paleo diet.

What did Grok, the caveman, eat?

Anything that he could find or catch. Went hungry a lot. And ran from what chased him.

Laff!

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SURVIVAL: “Not IF, but WHEN”

Sunday, April 27, 2014

http://www.lewrockwell.com/2014/04/creek-stewart/lighten-your-load/

“Not IF, but WHEN”.

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TINFOILHAT: MH370 and other topics

Saturday, April 26, 2014

http://www.lewrockwell.com/2014/04/no_author/the-2nd-mystery-of-malaysia-air/

The Second Mystery Around Malaysia Airlines Flight MH370
By John Chuckman
Pravda.ru
April 21, 2014

*** begin quote *** 

A second mystery around the disappearance of Flight MH370 has largely gone unnoticed: why hasn’t the United States been in the forefront of providing information about it? The implications of this question are massive.

*** and ***

There would be nothing unprecedented in such an act: on at least 3 occasions, regrettably, America’s military has shot down civilian airliners, only admitting eventually to the one they could not hide. They are also indirectly responsible for a fourth.

Iran Air Flight 655 was stupidly shot down in 1988 by the USS Vincennes in Iranian waters during the Iraq-Iran War, not only killing 290 people including 66 children, but there was a long period afterwards in which the U.S. admitted no wrong-doing, offered no apology, and no compensation to its victims (only 8 years later was a quiet settlement made).

It was a quite vicious set of circumstances and the injustice of it led unquestionably to the motive for bombing Pan Am Flight 103, killing 259 people and 11 on the ground, later the same year by people still unknown.

TWA Flight 800 over the East Coast of the United States was certainly the victim of a shipboard American anti-aircraft missile accidentally released. The evidence included radar tracks and eye witnesses. But the U.S., instead of admitting its horrible error and compensating victims, conducted a long and almost farcical investigation headed up by the same FBI that gave us the farcical investigation into the Kennedy assassination.

Last, the fourth hijacked plane on 9/11, United Flight 93, of “Let’s roll” pop legend, which crashed over Pennsylvania was almost certainly shot down by an air-to-air missile from a fighter plane. A plane was seen by witnesses, the distribution of the wreckage tends to support a shoot-down, and just the sheer impossibility of America’s hundreds of billions of dollars in air defences staying asleep at the switch for a fourth event the same day argue powerfully for an attack.

*** end quote ***

While it’s not a credible source, it does ask some interesting questions!

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MONEY: Inflation = 2, 6, or 10 percent?

Friday, April 25, 2014

http://dailyreckoning.com/the-art-of-central-banking/

The Art of Central Banking
by Kate Incontrera.
Posted Apr 16, 2014.

*** begin quote ***

What is the inflation rate? Now, you think that’s just quantity, right? Just add up stuff. Anybody can do that. But it’s not that easy. There are lots of things go on in deciding what to put into that basket, and if you work hard enough, you can get that number anywhere you want it.

And the feds have done a great job at that. They have redone the way they calculate the inflation rate twice in the last 30 years and – guess what? – Each time, they’ve gotten a lower number. How do you like that? What a coincidence.

Right now, we have an inflation rate of about 2 percent. If you did it the way they did it in the ‘90s, you’d have 6 percent. Okay, that’s 4 percent difference, but it’s – you know, it’s three times the rate that we’re working from. And, if you did it the way they did it during the Carter Administration, you’d have an inflation rate of almost 10 percent. That’s five times the number we’re working with.

Now, here’s the question. Each time each of these numbers was done by a group of economists, the brightest and best in the country. Now, which one of these groups was a bunch of dunderheads? One of them was! Two of them were! How come? How are you supposed to know that? Which one is right?

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The FED is the OPEC of the Big Banks.

The little guy doesn’t stand a chance.

Prior to 1913, gold was money and the discipliner of the Gooferment. After 1913, the Big Banks enabled Big Gooferment and were rewarded with a license to steal.

The part that bothers me is that the poor, the elderly, and those on fixed income are being robbed and the banisters, union “leaders”, politicians, and bureaucrats are rolling in dough.

Argh!

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POLITICAL: Taxpayer Subsidies

Thursday, April 24, 2014

http://nutritionfacts.org/video/taxpayer-subsidies-for-unhealthy-foods/

Taxpayer Subsidies for Unhealthy Foods
What if billions in tax dollars were invested in healthier options rather than given to corporations to subsidize the very foods that are making us sick?

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I was especially shocked (“I’m shocked, shocked to find that gambling is going on in here!” Captain Renault in Casablanca) that the Gooferment has give “hundreds of billions” to subsidize junk food.

Argh!

I’m not a fan of any taxing of anything. So, I’ll respectfully disagree with the idea of taxing the junk food. (Too much like Michael Bloomberg!)

But removing all subsidies is an idea I can support vigorously.

I never understood “parity payments”, “minimum price”, and other Corporate Welfare payoffs.

Argh!

Matter of fact, they could have stopped after “Taxpayer Subsidies”. I don’t want anything “subsidized”!

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SOFTWARE: Anyone else notice CHROME BROWSER performance stinks

Wednesday, April 23, 2014

Recently, all I seem to get is “spinning tabs”. Opera and Fivefox don’t have a problem.

I’m confused.

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3 Comments | SOFTWARE | Permalink
Posted by reinkefj

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