INTERESTING: A mini-FED to spark the States

Saturday, December 19, 2009

http://motherjones.com/mojo/2009/03/how-nation%E2%80%99s-only-state-owned-bank-became-envy-wall-street

How the Nation’s Only State-Owned Bank Became the Envy of Wall Street
  — By Josh Harkinson | Fri Mar. 27, 2009 5:33 PM PDT

*** begin quote ***

The Bank of North Dakota is the only state-owned bank in America—what Republicans might call an idiosyncratic bastion of socialism. It also earned a record profit last year even as its private-sector corollaries lost billions. To be sure, it owes some of its unusual success to North Dakota’s well-insulated economy, which is heavy on agricultural staples and light on housing speculation. But that hasn’t stopped out-of-state politicos from beating a path to chilly Bismarck in search of advice. Could opening state-owned banks across America get us out of the financial crisis? It certainly might help, says Ellen Brown, author of the book, Web of Debt, who writes that the Bank of North Dakota, with its $4 billion under management, has avoided the credit freeze by “creating its own credit, leading the nation in establishing state economic sovereignty.” Mother Jones spoke with the Bank of North Dakota’s president, Eric Hardmeyer.

*** end quote ***

An interesting way to attack the FED?

Reenforcing State sovereignty to cut into the FED’s action and fiefdom.

As much as don’t like the gooferment, this seems like a good idea.

Fifty mini feds without the power to inflate or to borrow seems better than one big central bank with enormous powers over fiat currency.

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MONEY: Making a Loan Shark look good

Friday, December 18, 2009

http://www.impactlab.com/2009/12/18/subprime-credit-card-issuer-raising-interest-rate-to-79-9/

December 18th, 2009 at 9:56 am

Subprime Credit Card Issuer Raising Interest Rate To 79.9%

*** begin quote ***

In a recent mailing for a preapproved card, First Premier lowers fees to just that limit — $75 in the first year for a credit line of $300. But the new law doesn’t set a cap on interest rates. Hence the 79.9% APR, up from the previous 9.9%.

*** end quote ***

Good law!

People can’t look to the gooferment for protection.

Self-defense is only course.

Worse than the Mafia?

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QUOTE: The Wild and Free Pigs of the Okefenokee Swamp

Friday, December 18, 2009

The Wild and Free Pigs of the Okefenokee Swamp
by Steve Washam
based on a telling by George Gordon

*** begin quote ***

Some years ago, about 1900, an old trapper from North Dakota hitched up some horses to his Studebaker wagon, packed a few possessions–especially his traps–and drove south. Several weeks later he stopped in a small town just north of the Okefenokee Swamp in Georgia. It was a Saturday morning–a lazy day–when he walked into the general store. Sitting around the pot-bellied stove were seven or eight of the town’s local citizens. The traveler spoke, “Gentlemen, could you direct me to the Okefenokee Swamp?”Some of the oldtimers looked at him like he was crazy.

“You must be a stranger in these parts,” they said.

“I am. I’m from North Dakota,” said the stranger.

“In the Okefenokee Swamp are thousands of wild hogs,” one old man explained.”A man who goes into the swamp by himself asks to die!”

He lifted up his leg. “I lost half my leg here, to the pigs of the swamp.”

Another old fellow said, “Look at the cuts on me; look at my arm bit off!” “Those pigs have been free since the Revolution, eating snakes and rooting out roots and fending for themselves for over a hundred years. They’re wild and they’re dangerous. You can’t trap them. No man dare go into the swamp by himself.”

Every man nodded his head in agreement.

The old trapper said, “Thank you so much for the warning. Now could you direct me to the swamp?”

They said, “Well, yeah, it’s due south–straight down the road.” But they begged the stranger not to go, because they knew he’d meet a terrible fate.

He said, “Sell me ten sacks of corn, and help me load them into the wagon.”

And they did.

Then the old trapper bid them farewell and drove on down the road. The townsfolk thought they’d never see him again.

Two weeks later the man came back. He pulled up to the general store, got down off the wagon, walked in and bought ten more sacks of corn. After loading it up he went back down the road toward the swamp.

Two weeks later he returned and, again, bought ten sacks of corn.

This went on for a month. And then two months, and three. Every week or two the old trapper would come into town on a Saturday morning, load up ten sacks of corn and drive off south into the swamp. The stranger soon became a legend in the little village and the subject of much speculation. People wondered what kind of devil had possessed this man, that he could go into the Okefenokee by himself and not be consumed by the wild and free hogs.

One morning the man came into town as usual. Everyone thought he wanted more corn.

He got off the wagon and went into the store where the usual group of men were gathered around the stove. He took off his gloves. “Gentlemen,” he said, “I need to hire about ten or fifteen wagons. I need twenty or thirty men. I have six thousand hogs out in the swamp, penned up, and they’re all hungry. I’ve got to get them to market right away.” “You’ve WHAT in the swamp?” asked the storekeeper, incredulously. “I have six thousand hogs penned up. They haven’t eaten for two or three days, and they’ll starve if I don’t get back there to feed and take care of them.”

One of the oldtimers said, “You mean you’ve captured the wild hogs of the Okefenokee?”

“That’s right.”

“How did you do that? What did you do?” the men urged, breathlessly. One of them exclaimed, “But I lost my arm!”

“I lost my brother!” cried another.

“I lost my leg to those wild boars!” chimed a third. The trapper said, “Well, the first week I went in there they were wild all right. They hid in the undergrowth and wouldn’t come out. I dared not get off the wagon. So I spread corn along behind the wagon. Every day I’d spread a sack of corn.

“The old pigs would have nothing to do with it. But the younger pigs decided that it was easier to eat free corn than it was to root out roots and catch snakes. So the very young began to eat the corn first. “I did this every day. Pretty soon, even the old pigs decided that it was easier to eat free corn, after all, they were all free; they were not penned up. They could run off in any direction they wanted at any time. “The next thing was to get them used to eating in the same place all the time. So, I selected a clearing, and I started putting the corn in the clearing.

“At first they wouldn’t come to the clearing. It was too far. It was too open. It was a nuisance to them.

“But the very young decided that it was easier to take the corn in the clearing than it was to root out roots and catch their own snakes. And not long thereafter, the older pigs also decided that it was easier to come to the clearing every day.

“And so the pigs learned to come to the clearing every day to get their free corn. They could still subsidize their diet with roots and snakes and whatever else they wanted. After all, they were all free. They could run in any direction at any time. There were no bounds upon them. “The next step was to get them used to fence posts. So I put fence posts all the way around the clearing. I put them in the underbrush so that they wouldn’t get suspicious or upset, after all, they were just sticks sticking up out of the ground, like the trees and the brush. The corn was there every day. It was easy to walk in between the posts, get the corn, and walk back out.

“This went on for a week or two. Shortly they became very used to walking into the clearing, getting the free corn, and walking back out through the fence posts.

“The next step was to put one rail down at the bottom. I also left a few openings, so that the older, fatter pigs could walk through the openings and the younger pigs could easily jump over just one rail, after all, it was no real threat to their freedom or independence–they could always jump over the rail and flee in any direction at any time.

“Now I decided that I wouldn’t feed them every day. I began to feed them every other day. On the days I didn’t feed them, the pigs still gathered in the clearing. They squealed, and they grunted, and they begged and pleaded with me to feed them– but I only fed them every other day. Then I put a second rail around the posts.

“Now the pigs became more and more desperate for food. Because now they were no longer used to going out and digging their own roots and finding their own food, they now needed me. They needed my corn every other day.” “So I trained them that I would feed them every day if they came in through a gate and I put up a third rail around the fence.

“But it was still no great threat to their freedom, because there were several gates and they could run in and out at will. “Finally I put up the fourth rail. Then I closed all the gates but one, and I fed them very, very well.”

“Yesterday I closed the last gate and today I need you to help me take these pigs to market.”

The price of free corn is your own slaughter.

The parable of the pigs has a serious moral lesson. This story is about federal money being used to bait, trap and enslave a once free and independent people.

Federal welfare, in its myriad forms, has reduced not only individuals to a state of dependency; state and local governments are also on the fast track to elimination, due to their functions being subverted by the command and control structures of federal “revenue sharing” programs. Please copy this parable and send it to all of your state and local elected leaders and other concerned citizens. Tell them: “Just say NO to federal corn.” The bacon you save may be your own.

(c) 1997, The Idaho Observer. All rights reserved.

Permission granted to reproduce for non commercial purposes in entirety including this notice.

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POLITICAL: Grading politicians

Thursday, December 17, 2009

http://libertyslifeline.com/2009/12/15/grading-on-a-curve/

Grading on a Curve
Liberty’s Life Line
Dec 15, 2009

*** begin quote ***

Such a disconnect between Obama’s opinion of himself and the American people’s opinion is a serious problem. It drives him to continue to pursue policies that Americans adamantly oppose (e.g., 61% oppose the Senate health care bill). Most reasonable people would take such feedback and reassess their actions. But if an employee is blind to his shortcomings, the only thing to do is show them the door. The sooner, the better, folks because it’s not going to get any better.

*** end quote ***

Well said! For a fellow with no experience, he has “accomplished” zero so far. And, like I remember Regan saying something like a President only gets to do 2 or 3 things and pick a few people, his choices for action (i.e., health care something, cap ‘n’ tax, stimulus) have been bad for us (me?) and his personel picks are terrible (i.e., Timmy the tax cheat and Rahm the fish).

I’d say he’s closer to an F than a B+. How low can grades go?

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RANT: Child abducted by non-custodial parent

Wednesday, December 16, 2009

http://www.telegraph.co.uk/news/uknews/crime/6650456/
Mother-abducted-five-year-old-daughter-and-fled-to-America-in-tug-of-love-battle.html

Mother abducted five-year-old daughter and fled to America in tug-of-love battle
A mother has abducted her five-year-old daughter and is believed to have fled to America in a bitter tug-of-love battle.
By Richard Edwards, Crime Correspondent
Published: 11:20PM GMT 16 Dec 2009

*** begin quote ***

Helen Gavaghan, 32, secretly snatched her daughter Pearl from nursery in Blackpool last December and fled abroad having changed her name by deed poll, after an acrimonious split from her partner, Henry Da Massa.

A High Court judge has declared that the child was removed illegally and allowed details of the case to be disclosed for the first time in the hope the pair can be traced.

*** end quote ***

Just like the New Jersey man who’s child was abducted by his mom, we should turn over rocks to get this child back home.

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RANT: Win in Iraq and Afghanistan

Wednesday, December 16, 2009

http://uncabob.blogspot.com/2009/12/how-to-win-in-iraq-and-afghanistan-in.html

UncleBob’s Treehouse
Bob Wallace on Everything

Wednesday, December 16, 2009
How to Win in Iraq and Afghanistan in One Easy Step

*** begin quote ***

In one easy step, here’s how we do it: pull out completely. That’s it. Just leave. The countries will do just fine without us.

*** end quote ***

Reminds me of the lesson from the movie “War Games” — the only way to win is not to play!

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POLITICAL: George Bush’s Third Term

Wednesday, December 16, 2009

http://channel-surfing.blogspot.com/2009/12/war-is-peace-or-something-like-that.html

Friday, December 11, 2009

War is peace, or something like that

*** begin quote ***

Barack Obama is more like George W. Bush than any of his supporters has been willing to admit. The 44th president, like his predecessor, has shown a willingness to break disagreements down into simple, binary equations, especially when it comes to his defense of empire.

*** end quote ***

>peace speech

This old little L libertarian would merely point out: “Actions speak louder than words”!

Your “extra ordinary” just committed 30k (if you beleive the number) boys and girls to kill their opposite numbers.

Some peace!

Note that this is the George Bush Third Term that everyone was so afraid of.

So how’s that “hope and change” working out for you?

(And, yes, I spoke, blogged, and bitched about Bush as well. I just wasn’t fooled by any politician. And, I wrote in Ron Paul! Not that it matters much.)

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RANT: Tokens — another broken promise

Tuesday, December 15, 2009

http://thomsinger.blogspot.com/2009/12/whats-next.html

Monday, December 14, 2009
What’s Next?
  This decade is coming to an end.

*** begin quote ***

It came in with all the attention on Y2K and is going out with our world forever changed. Many things, big and small, have morphed our society: The terrorist attacks on 9-11, the mass adoption of cell phones, and the changes in communication due to social media are just a few things that have impacted the ways we live.

*** and ***

Polaroid Photo – Don’t count Polaroid out just yet, they are looking at releasing some new products.

Bank Deposit Slips – Ummmm I still use these.

Subway Token – I live in Austin, this city has avoided any real mass transit for decades, so I have no idea.

*** end quote ***

Tokens were replaced with Metro Cards in NYC. It allows the MTA to steal back all the unused rides by tourists, lost cards, and such. Tokens used to mean something.

# – # – #

Akin to removing the country from the Gold Standard, which allowed the explosive growth of Gooferment, replacing the token with the metrocard allows the MTA to sell promises that it has no intent to deliver on.

And, close the token booths which provide some measure of persona security to the traveller.

Maybe I do need a tin foil hat?

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MONEY: The Roth IRA Conversion Conundrum

Monday, December 14, 2009

http://www.edelmanfinancial.com/galleries/default-file/ipf_12_09.pdf

Ric Edelman in “The Roth IRA Conversion Conundrum” points out while you CAN convert your IRA to a ROTH. Unless the circumstances are just right, you shouldn’t. Why all the BUZZ about doing it? Well guess who makes out if you do it? Yup, the brokers and the gooferment! Paying taxes when it is not needed or wrong is always disastrous

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RANT: “Climate Change” sounds like “barbara streisand” to me!

Sunday, December 13, 2009

http://www.cato-at-liberty.org/2009/12/11/a-few-notes-on-climate-change/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Cato-at-liberty+%28Cato+at+Liberty%29

A Few Notes on Climate Change

Posted by Andrei Illarionov

*** begin quote ***

20. The impact of all anthropogenic factors (not only CO2) on climate is unclear when compared with factors of nature. Therefore, the most effective strategy for humanity in responding to different types of climate change is adaptation. That approach is exactly the way that humans have reacted to the larger-scale climatic changes in the past, even though they were less prepared then for such changes. Now mankind has greater resources to adapt to lesser climate fluctuations and it is better equipped for them scientifically, technically and psychologically. The adaptation of humanity to climate changes is incomparably less costly than other options being proposed and imposed by climate alarmists. Human society has already adopted to climate change and will continue to do so as long as economy and society are vibrant and free.

*** end quote ***

“Climate Change” sounds like “barbara streisand” to me!

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POLITICAL: Rolling Stone calls out the corruption

Saturday, December 12, 2009

http://www.rollingstone.com/politics/story/31234647/obamas_big_sellout

Rollingstone.com
Obama’s Big Sellout
The president has packed his economic team with Wall Street insiders intent on turning the bailout into an all-out giveaway
MATT TAIBBI
Posted Dec 09, 2009 2:35 PM

*** begin quote ***

Taken together, the rash of appointments with ties to Bob Rubin may well represent the most sweeping influence by a single Wall Street insider in the history of government. “Rather than having a team of rivals, they’ve got a team of Rubins,” says Steven Clemons, director of the American Strategy Program at the New America Foundation. “You see that in policy choices that have resuscitated — but not reformed — Wall Street.”

While Rubin’s allies and acolytes got all the important jobs in the Obama administration, the academics and progressives got banished to semi-meaningless, even comical roles. Kornbluh was rewarded for being the chief policy architect of Obama’s meteoric rise by being outfitted with a pith helmet and booted across the ocean to Paris, where she now serves as America’s never-again-to-be-seen-on-TV ambassador to the Organization for Economic Cooperation and Development. Goolsbee, meanwhile, was appointed as staff director of the President’s Economic Recovery Advisory Board, a kind of dumping ground for Wall Street critics who had assisted Obama during the campaign; one top Democrat calls the panel “Siberia.”

*** end quote ***

The President, at least according to Regan as I remember, has a very limited scope of influence. (That’s always stunned me.) The agenda might have three items and be lucky to get two done. It’s the appointments — picking people — where he has the most impact.

Clearly, Rolling Stone points out how poorly that picking was done.

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INTERESTING: Tiger Woods has really stepped in it

Friday, December 11, 2009

Guess that just kills his squeaky clean image.

Too bad.

The media will rub everyone’s nose in it as they define “deviancy” down.

Hopefully, for the children’s sake, everything will work out peacefully.

What is it with the sport’s ego? NBA players, MLB, and the “rock stars”.

I would hope that if I had their gifts, I’d have the humility to kiss the ground every morning.

Sigh!

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RANT: Do we remember Pearl Harbor?

Monday, December 7, 2009

Tommorrow, December 7th, Americans MIGHT remember the Japanese attack on Pearl Harbor. On a Sunday morning, 68 years ago, the US Navy were the recipients of a well-planned and poorly executed raid.

Twenty Five Hundred deaths that day; uncountable more in the resulting war.

Generations disrupted as they were in WW1.

And, the “cure” to the “Great Depression”. Would this be the beginning of the Leviathan Gooferment State?

Donning my tin foil hat, I call your attention to the role of FDR in provoking, if not orchestrating, the war he needed to restart the economy.

Our entry into WW1, by the “peace candidate” Wilson, allowed the seeds of WW2 to be sown. Our entry into WW2, by the instigator FDR, allowed the creation of a permanent “warfare” state.

This day is a reminder that the price of liberty is eternal vigilance.

… … not for the military invasion or aggression, but against the politicians who would enslave us in debt, welfare, and the never ending “war”.

Argh!

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POLITICAL: Most open, most transparent administration

Sunday, December 6, 2009

http://www.google.com/hostednews/ap/article/ALeqM5joOOsTVD57lFwm_InpZY_nRbg4KQD9CDRVOO0

PROMISES, PROMISES: A closed meeting on openness
By SHARON THEIMER (AP) – 7 hours ago

*** begin quote ***

WASHINGTON — It’s hardly the image of transparency the Obama administration wants to project: A workshop on government openness is closed to the public.

*** end quote ***

Yah have to, HAVE TO, HAVE TO laugh at these politicians.

And, the sheeple are fooled.

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RANT: Guess the “war” isn’t over

Sunday, December 6, 2009

http://formerspook.blogspot.com/2009/12/what-happened-on-flight-297.html

Friday, December 04, 2009
What Happened on Flight 297

*** begin quote ***

If you were really paying attention, you might have heard about AirTran Flight 297 from Atlanta to Houston, which was delayed on 18 November. According to the “official” version, (reported by Houston’s KHOU-TV, Fox News and other outlets), a male passenger refused to end his cell phone call, forcing the crew to return to the gate.

Since then, a far different version of events has emerged. Based on reports from other passengers, that “phone call” looks more like a terrorist dry run.

*** end quote ***

Interesting. Too bad we don’t have a “free press” in the USA any more. Getting some facts would be nice!

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RANT: THe gooferment creating jobs? Yeah, right!

Saturday, December 5, 2009

http://blogs.jobdig.com/wwds/2009/12/04/how-to-create-real-jobs-mr-president/comment-page-1/#comment-119216

How To Create Real Jobs, Mr. President
Posted in December 4th, 2009

*** begin quote ***

I hear some of the folks in Washington were talking about creating jobs and it just made me cringe. Obviously, out here in the private sector one does not “create” a job. We create businesses that solve problems. Some of those businesses require people to run them, service accounts, and build stuff. While there are businesses that don’t require many workers, that’s still OK, because the person who figured out how to do more with fewer employees goes out and buys a new flat screen TV, new garage doors, and upgrades the furnace. Since I wasn’t invited to the White House jobs summit, I thought I would mail in a few of my suggestions:

*** end quote ***

Dear WWDS:

Don’t quit your day job. :-) Not that ANY politician would follow anyone’s advice. But it can only be hoped they might accidently listen.

Cut the spending. Cut the size of gooferment. Cut the people free to create.

Note: Since the gooferment has several ways to tax people (i.e., direct unavoidable taxes like sales taxes, indirect yet avoidable taxes like income taxes, inflation to steal value from your wallet, debt which binds the current and future taxpayers, regulation that has fees, and direct theft by seizure.

On “corporate taxation”, I have yet to see ANY corporation “pay” taxes. By tax, I mean ANY collection from the company to the government regardless of label. They are just pass-along fictions to move along hidden taxation onto the backs of the people. And those sheeple are too stupid to realize.

Note: Impose a tax on a corporation and it passes it along. If the marketplace won’t pay the increase, corporation folds. So a “corporate tax” is just a hidden tax on real people. Only real people pay taxes.

If we truly want to “create jobs”, we must starve the pig that the gooferment has become.

A limit must be placed on the sources the gooferment uses to fund itself. Borrowing is the place to start. Don’t let them raise the debt ceiling. In fact, we should keep dropping the debt ceiling.

Then, we should eliminate the corporate “taxes”.

Yes, I said eliminate the corporate “taxes”!

Note: How fast would the corporate headquarters be coming back here?

Don’t forget, A corporate tax is any money that the government taxes from a company. So “fees” would be zero.

Repeal the income tax. Repeal.

Then and only then, will we truly be free.

All taxes, and other sources of funding, for the gooferment would be OBVIOUS!

ONLY REAL PEOPLE PAY TAXES.

Of course, the political class isn’t going to do this because then it would be OBVIOUS that the sheeple were being shorn.

Baahhh! Baahhh! Baahhh!

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INITIALISM: TINA

Wednesday, December 2, 2009

TINA

That Is No Accident

— Vincent Wright

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POLITICAL: Welfare is a gooferment growth industry

Wednesday, December 2, 2009

http://www.careerhubblog.com/main/2009/11/food-stamps-a-new-imac-and-happiness.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CareerHub+%28Career+Hub%29

Food Stamps, a New iMac and Happiness

http://www.nytimes.com/2009/11/29/us/29foodstamps.html?_r=2&scp=2&sq=food%20stamps&st=cse

The Safety Net
Food Stamp Use Soars, and Stigma Fades
Stephen Crowley/The New York Times
By JASON DePARLE and ROBERT GEBELOFF
Published: November 28, 2009

*** begin quote ***

Nationwide, food stamps reach about two-thirds of those eligible, with rates ranging from an estimated 50 percent in California to 98 percent in Missouri. Mr. Concannon urged lagging states to do more to enroll the needy, citing a recent government report that found a sharp rise in Americans with inconsistent access to adequate food.”

*** end quote ***

Trust me; I am not uncharitable. BUT! This article really rankles me as a taxpayer. Despite being unemployed, I continue to make my charitable contributions because I feel that there are people who are worse off than me.

When you feed stray cats, (indiscriminately), you get more stray cats. Fat gooferment bureaucrats are self-interested in making sure they have continued employment. True charity has an element of involvement where we demand accountability. In my charitable contributions, I KNOW there is no one get rich off the poor and the poor are getting real help. (Anecdotally, the lady who runs one of the charities is convinced that the welfare bureaucrats’ sole objective is to keep their clients poor.)

Welfare isn’t charity. It is money extracted forcefully from taxpayers. And, after extracting a huge handling fee, dispensed to the politically favored group. Creating a permanent underclass of “welfare farmers” who vote for more benefits. We now have four generations of families that are stuck in the “family business” of collecting welfare. Johnson’s “War on Poverty” has been a total failure.

We need to take poverty seriously. And forced gooferment solutions have a long track record of failure. So lets, downsize government and let the people take care of the problem. The Salvation Army has a far better record on helping than any welfare office. And, at a much lower cost.

Argh! It’s frustrating. TO see people “trained” to accept this type of treatment.

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POLITICAL: Organ shortages kill people

Tuesday, December 1, 2009

http://www.wnd.com/index.php?fa=PAGE.view&pageId=117021

Another deadly government dictum
Walter E. Williams

*** begin quote ***

The Institute for Justice is not challenging Congress’ ban on compensation for solid organs such as hearts, kidneys, and livers. Instead, the lawsuit challenges only the provision of the National Organ Transplant Act that bans compensation for bone marrow. The premise of the Institute for Justice’s legal challenge is that there is a fundamental biological distinction between renewable marrow cells and nonrenewable solid organs. In the case of bone marrow, the donor’s bone marrow is completely replenished in a few weeks. That’s less time than it takes for the human body to fully replenish a pint of donated blood that is often sold to blood banks.

*** end quote ***

Why are only the doctors and hospitals allowed to earn money from transplants?

We know that free markets are the ultimate in democratic freedom. No coercion. No fraud or force permitted.

Think of a poor family that has bury a loved one. Why shouldn’t they be allowed to have an “inheritance”? Why bury or incinerate the “family fortune”?

We have abysmal rates of organ donations. We have waiting lists of people dying. All because of our cultural reluctance to permit the buying and selling of organs. Free markets always “clear”. No free markets have “waiting lists”!

So lets nuke UNOS and put our friends at WalMart in charge of solving the problem.

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GOVEROTRAGEOUS: Economic risks

Tuesday, December 1, 2009

http://channel-surfing.blogspot.com/2009/11/yes-we-still-have-broken-markets.html

Saturday, November 28, 2009
Yes, we still have broken markets
Hank Kalet

*** begin quote ***

Two quotations from a story in The Washington Post on the financial crisis coming out of Dubai make it clear that, while the recession officially has ended, the economy remains very badly broken.

*** end quote ***

Our biggest economic danger is a two parter — imho.

First, the Chinese may stop buying our government debt. That, at the very least, will send interest rates into Carter-level numbers.

Second, (and more insidious), OPEC prices oil in other than dollars. Most likely will be gold. (imho) The implications are that gas will will be at unheard of levels. Think Argentina or Zimbabwe. Gas will be proportional to the price of gold. As the value of the dollar collapses.

Our congress critters think that they can spend like there is no day of reckoning. That’s what’s broken.

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FUN: Christmas display

Monday, November 30, 2009

http://vimeo.com/440842

Amazing Christmas display with 176 channels and 45,000 lights! The show is so popular that it requires a crew of 3 people to manage the traffic.

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POLITICAL: The true cost of this health care disaster

Monday, November 30, 2009

http://www.cato-at-liberty.org/2009/11/27/obamacares-cost-could-top-6-trillion/
?utm_source=feedburner&utm_medium=feed&utm_campaign=
Feed%3A+Cato-at-liberty+%28Cato+at+Liberty%29

ObamaCare’s Cost Could Top $6 Trillion
Posted by Michael F. Cannon

*** begin quote ***

When we correct for both gimmicks, counting both on- and off-budget costs over the first 10 years of implementation, the total cost of ObamaCare reaches — I’m so sorry about this — $6.25 trillion. That’s not a precise estimate. It’s just far closer to the truth than President Obama and congressional Democrats want the debate to be.

*** end quote ***

Wow!

Are they kidding?

This will break the bank. And, their estimates are “off” by a multiple of 5 to 10,000. Never to the good side. Always to the over-run side.

We can’t afford it!

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JOBFINDING: Etrust Admin in Philly

Monday, November 30, 2009

Hello John,

We have an immediate job opening for eTrust Directory Administrator in Philadelphia , PA.

Job Title: eTrust Directory Administrator

Location: Philadelphia , PA

Duration: 6 Months

Rate: DOE

Job Description:

eTrust Expert with strong LDAP background:

· Perform monitoring to trap errors in the environment and duplication within the directory

· Monitor or locate bugs (provisioning or directory application) in the directory environment

· Complete 3rd party patch installations

· Participate in the delivery of necessary 3rd party upgrades

· Deploy schema changes to add attributes within the directory

· Perform test cycles to validate added attributes

· Monitor release cycles for builds

· Write scripts to perform data analysis of the Directory

· Perform daily checks to insure database replication on each Directory Service Agent (DSA) group is functioning within the defined parameters.

· Perform operational checks and daily data analyst verify DSA replication times and replication is working properly

· Analyze the directory logs for any issues

· Build, test, and implement new changes to the directory solutions and services

· Monitor database of customer information stored in the eTrust directory

· Monitor DSA directory service

· Monitor grouping of servers at each datacenter

· Monitor eTrust x500 programming for data reconciliation

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FUN: SnL hit home!

Monday, November 30, 2009

Obama has sex with China – chinese president bends over for Obama!

NOT SAFE FOR WORK

But absolutely funny!

The fact that it is right on target makes it sadly funny.

Sound track is LOUD.

And, SnL does mistate the size of the Chinese Debt with is easily 5T$.

Enjoy. I found it to be a hoot.


WRITING: Seth Went Nuts (An Index Card Novel)

Monday, November 30, 2009

Seth Went Nuts (An Index Card Novel)

BEIJING, July 19, 2009 — China’s treasury debt holdings in the U.S. grew by 14.3 billion U.S. dollars in December amidst speculation that it was seeking other options to deploy its nearly $1.95 trillion in foreign exchange reserves.

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Gas = 3 $ / gallon ~=~ 0.0026 oz gold @ 1,150 $ / oz

0.0026 oz * 6,300 $ / oz gold = Gas 16.43 $ / gallon

At 16.43 $ / gallon, the economy stops.

No economy; no debts get “serviced”!

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American debt is unpayable. The Chinese “bought” the UN. A large force of “debt collectors” arrived. To recover their just repayment. The American people were sold out by the political class. Troops were told to stand down. The police as well.

With an interesting consequence.

The rural areas stood up to the “bill collectors”; the inner cities with their own “light infantry” drug gangs didn’t appreciate the “competition”. Motorcycle Outlaws also disagreed; they were just disagreeable with anyone who tried to disarm them.

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The Chinese had two strategies: Kill anyone who speaks Chinese to keep their intentions private. Use the BATF records to pick up the guns but the rurals and the gangs didn’t register

Harvesting was done by taking the suburbanites and impressing them. Cheap tatooing of their zip code on the forearm ensure anyone outside that zip was killed. The old were sent to internment camps. The women were sent to other camps. The men were “harvesting” the suburbs.

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The fat old white guy knew how to keep his mouth shut and his nose clean. When they “asked” who knew Chinese, he “knew” the boot camp answer. “Never volunteer”. He was smart and impressed his captors as a quisling. A quisling with a plan. He was given a team. Seth was a teenager with more size than brains. His brother, Adam, stuck close to him. Never spoke. Had a bald head. The fat old guy smelled a rat, but it was none of his business.

“Harvesting” consisted of his team supervised by a trio of “collectors” breaking into a house and scouring it for everything of value. Everything was set on the lawn for trucks to pick up. At the end of the day, the team was shaken down for contraband. The fat old guy bided his time.

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The General in command of the “collectors” was upset. Casualties were mounting in the rural areas and the cities. He felt that the suburbs were doing something right. Differently from the others. He wanted to see just how they followed up on the BATF forms.

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The team was harvesting the fat old white guys neighborhood. Adam went behind a bush and was slow coming back. One of the collectors went to check. “tā shì gè nǚ hái” The fat old white guy knew they were in trouble. The collector was dragging Adam back to the group with his pants around his ankles. The senior collector grabbed the crotch. The other one was laughing. Seth went nuts. He brained the one guy with a crowbar they used for getting in. Jumped on the senior tearing at his eyes. The guy dragging “Adam” drew a pistol and shot Seth. The team rushed him and stomped him. The fat old guy decided this was his time to go home.

The team followed him.

He quickly paced six steps back from the corner of the patio and four towards the property line. Peeling back the grass, he pulled up on a “lid”. Plastic pipes were stacked on end like straws. Grabing the first one, he pulled the quick tab on the seam. A puff of smoke and the tube was opened. Out slid a rifle. Bolt action. 308. Magazines in a web belt. A 1911. A shotgun. He handed them out with some instructions. Others pulled out other tubes. Monkey see; monkey do.

He went back to the patio. And peeled at the corner. Out came the LAW. A six pack of M72. They had fallen of a supply truck somewhere. He’d saved them just for this reason.

A troop of collectors came to reinforce the revold by a harvesting team. They came with a half-track. The General just happened to be on his ride along. They were expecting rifles and captured weapons. Murphy surprised them. So did the LAW that incinerated the half-track. And, the trucks that supported them.

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The fat old white guy, a wounded Seth, and his sister Adalia hikes out of 08824. Seems like the suburbs were now too no longer safe for “collectors”.

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NEWJERSEY: Unfunded liabilities

Sunday, November 29, 2009

http://www.americanthinker.com/blog/2009/11/public_employees_doing_very_we.html

November 28, 2009
Public employees doing very well, thank you
Rick Moran

*** begin quote ***

Unfunded liabilities from these pension plans is in the trillions of dollars with taxpayers on the hook for the balance. It isn’t just “unsustainable.” It is a catastrophe waiting to happen. The entire system in California and other states could collapse if the stock market tanks again, as much of the pension money is invested in financial instruments – some of them incredibly risky.

*** end quote ***

Public pension SHOULD be 403b, 401k, or just plain old IRAs.

Why should the donut eaters ride on the backs of poor taxpayers?

Why should the cost of “public education” drive old people from their homes?

Why in New Jersey am I de facto renting my property from the State?

Argh!

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p.s., Hey NJ State employees: Your union and the politicians are screwing you by having NOT made a pension contribution in decades. Argh!

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