RANT: AT&T sucks

Wednesday, October 24, 2012

Got an email at 2AM that the IPHONE5 order is cancelled.

Placed the order 9/19. GOt an email there was a problem with the address. Called them; squared it all away. They called me;; got it all squared away. 

Today spent the better part of an hour on the phone. Not getting the phone. The order is not filled out right. 

A plague on all their houses.

Next stop FCC complaint. Like that will do any good.

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GOVEROTRAGEOUS: Suppressing the military vote

Wednesday, October 24, 2012

http://formerspook.blogspot.com/2012/10/running-out-military-voting-clock.html

WEDNESDAY, OCTOBER 17, 2012

Running Out the Military Voting Clock

Defense Secretary Leon Panetta wants to know if the military’s voter assistance offices are working–and he’s asking for an immediate answer. More from Air Force Times:

*** begin quote ***

Defense Secretary Leon Panetta has directed military officials to provide him a report by Oct. 19 verifying that each of the 221 installation voting assistance offices is appropriately staffed to meet the needs of troops.

He gave officials three days to get it done; the memo was issued Oct. 16 to the service secretaries, the chairman of the Joint Chiefs, undersecretary of defense for personnel and readiness, and chiefs of the combatant commands.

“We must do all we can to ensure that service members know the steps necessary to vote, particularly those service members deployed or based away from home. This issue must be addressed immediately,” he wrote.

Mr. Panetta issued his directive after the DoD Inspector General reported it could not reach about half of the voting assistance offices by phone, despite repeated attempts. Members of Congress have expressed similar concerns.

At first blush, the SecDef’s actions seem to be a model of bureaucratic urgency and concern. A three-day suspense for this sort of survey is virtually unheard of along the E-ring. So, a lot of action officers will be burning the midnight oil for the next few days to give Secretary Panetta the information he requested.

But in reality, Mr. Panetta’s demand is little more than a farce. The IG report was issued in late August–almost two months ago. Why did the Defense Secretary wait so long to issue that last-minute tasker?

*** end quote ***

Sorry, but this is “cheating”. All’s fair in love ‘n’ war.

At least in Heinlein’s Starship Troopers, soldiers couldn’t vote until they became a vet.

As a vet, I find this disgusting.

Argh!

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GOVEROTRAGEOUS: Gooferment fails to protect the children

Tuesday, October 23, 2012

Alert: Gloucester County Prosecutor’s Office has preliminarily identified the body of a girl found near her home as that of Autumn Pasquale 

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I feel terrible for the girl’s family and their neighbors.

That a teenager isn’t safe in her own neighborhood.

Sorry, but no person in Government should get anything but an below average rating next year. 

The only valid reason to have Gooferment is to protect the citizens from all enemies foreign and domestic.

Clearly, in this case, it failed.

I have to wonder that if the girl was properly trained and armed if the result might have been different?

Aren’t we will to trust our progeny?

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IPAD: IPAD3 no power

Tuesday, October 23, 2012

Into the Apple store tonight for service. Luckily under contact. Argh!

There re no lights on the cable or the wart to tell you that’s failed. 

Since it powered the IPad1, I pretty sure it’s the IPAD3.

And, tell me again how much better Apple hardware is?

# – # – # – # – #  2012-Oct-23 @ 14:58  


TINFOILHAT: Pearl Harbor was an “inside job”

Tuesday, October 23, 2012

http://www.washingtonsblog.com/2012/10/the-american-and-british-government-knew-down-to-the-day-of-the-coming-japanese-attack-on-pearl-harbor-and-let-it-happen-to-justify-american-entry-into-wwii.html

The American and British Governments Knew – Down to the Day – of the Coming Japanese Attack on Pearl Harbor … And Let It Happen to Justify American Entry Into WWII

Posted on October 15, 2012 by WashingtonsBlog

Military Officers and Code Breakers Speak Out … On Camera

*** begin quote ***

But a full and honest account of World War II shows that some big American banks funded the Nazis. And America dropped nuclear bombs on Japan when top U.S. military officials said it wasn’t needed.

And – as shown below – we probably knew about the coming Pearl Harbor attack, but let it happen to justify America’s entry into World War II.

The White House apparently had – a year before Pearl Harbor – launched an 8-point plan to provoke Japan into war against the U.S. (including, for example, an oil embargo). The rationale for this provocation is that the U.S. wanted to aid its allies in fighting the Nazis and other axis powers, and decided that an attack by Japan would be the most advantageous justification for the U.S. to enter WWII.

Moreover, Honolulu newspapers warned of a possible attack by the Japanese on Pearl Harbor:

Indeed, as the following must-watch BBC documentary – with interviews with many of the main players, including military officers and code-breakers – shows, the American and British knew of the Japanese plan to attack Pearl Harbor — down to the exact date of the attack — and allowed it to happen to justify America’s entry into World War II:

And see this short essay by a highly-praised historian summarizing some of the key points. (The historian, Robert B. Stinnett, a World War II veteran, actually agreed with this strategy for getting America into the war, and so does not have any axe to grind).

*** end quote ***

I read Stinnett’s book many years ago. I was convinced with the “smoke” from the gun he laid out in the book.

Now we have testimony!

Seems like this one for the Tin Foil Hats.

Maybe the people won’t be so quick to dismiss suspicions.

Sad that so many people died and so man lives disrupted for so many generations.

We can’t total up all the costs.

Time to make sure it doesn’t happen again.

— 30 —


ECONOMICS: Tweedle dee and Tweedle dumber!

Monday, October 22, 2012

http://cafehayek.com/2012/10/no-debate-both-are-economically-ignorant.html

No Debate: Both Men are Economically Ignorant

by DON BOUDREAUX on OCTOBER 17, 2012

in SEEN AND UNSEEN, TRADE

*** begin quote ***

Each man insists that America’s economy can be harmed by inexpensive imports – in other words, harmed by opportunities for voluntary exchanges that lower Americans’ cost of living.

By promising to raise taxes on Americans who buy Chinese-made goods, Mr. Romney again promised to break his campaign promise to not raise taxes. That he is unaware of the contradiction isn’t promising.

Mr. Obama is no better. He bragged that he “saved a thousand jobs” with his “tough” trade action that – by raising taxes on Americans who buy Chinese-made tires – ensured “that China was not flooding our domestic market with cheap tires.”

By this logic, the President’s policy is inexcusably lame. If creating more jobs in U.S. tire factories justifies forcing consumers to pay higher prices for tires, the Obama administration should also outlaw the sale of used tires (which, like low-priced imports, are “flooding our domestic market”). Indeed, the president should seek legislation mandating that all rubber used to make tires be non-vulcanized. The resulting decline in tire durability will create even more jobs in U.S. tire factories by “protecting” our market from being “flooded” with cheap tire durability – that is, with tires that last for tens of thousands of miles before needing to be replaced.

*** end quote ***

It’s hard to imagine that there is any rationale for restrictions?

Do we want to be a nation of tire makers?

In the Sixties were more expensive for a poorer quality. Now they are “cheaper” and more durable.

(Remember that the value of money has been inflated away. Gas is up by a multiple of 100 in dollars but about 50% cheaper in silver. Tires in the Sixties ran about $20 each; some more some less. Priced in gold a tire was 20/35 = 4/7 = 0.57 oz. So today, just recently I paid over 100$ per tire; where as I should have paid over a 1k$ each. SO tires have gotten 90% cheaper. It’s the value of money that obscures our vision.)

I want Americans to have cheap tires so they can spend their money on other needs and wants.

If it means the tire industry has to go to China, all well and good.

If the Chinese are so dumb as to give us tires for worthless green pieces of paper, great!

The market will peacefully decide what gives us the most bang for our buck. With out a politician “helping”.

Argh!

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MONEY: Financial planning with old memes

Sunday, October 21, 2012

http://www.businessinsider.com/the-coming-retiree-crisis-2012-10

Take Action Now To Prepare For The Great Retiree Crisis

Jeff Voudrie, See It Market | Oct. 10, 2012, 8:30 AM

***** begin quote *****

The financial planning community has largely relied on assumptions regarding equity, debt and inflation percentages that have been experienced over the last 30 years.

There are 3 problems with these assumptions:

Equity returns the last 30 years have been extraordinarily high as a result of the longest and greatest Bull market in the history of U.S. stock markets. Accordingly, many financial plans used projections that assumed equity returns of 8-10% a year.

Debt returns over the same period are equally skewed. Remember the double-digit interest rates of the 1980’s? In 1989, as a young broker, I was selling 30-year TVA bonds yielding 10%! Financial plans the last 5-10 years have used interest rate assumptions around 5-6% a year.

The scenarios that led to the historic markets the last 30 years are very unlikely to EVER be repeated in today’s retiree’s lifetime. And those who are taking distributions based on these outdated assumptions may soon run out of money.

For instance, let’s assume that someone retired 5 years ago at age 60 with a $500,000 investment portfolio. Based on financial plans popular at that time, the retiree is taking $2500 a month in distributions—money they need to maintain their current standard of living. Since the plan anticipated the ability to average a 7% return on a portfolio with close to 50% in equities, the retiree expects to be able to take those distributions and never run out of money.

Adjusting those assumptions based on what many believe resembles more reasonable assumptions going forward requires decreasing the rate of return assumption for a similar-risk portfolio to around 4% and increasing the inflation assumption from 1-2% a year to 3-4% a year (which may still be too conservative). Suddenly, the portfolio that should last forever is now projected to be exhausted in only 16.8 years! That means that the entire nest egg and what it earns cannot sustain the current withdrawal rate. Since the retiree started the withdrawals five years ago, now they are down to 11.8 years—running out of money around age 76!

***** end quote *****

Clearly, the political class has screwed up the American economy.

Pity the poor, the elderly, the middle class, those on fixed income.

Inflation is grossly understated by the “official” stats.

Are we headed to be like Europe or pre-WW2 Germany?

Clearly, everyone needs to update their financial plans.

I’ve recommended to my turkeys that they adjust their “money reserve requirements”.

Everyone better plan to work for a longer time.

— 30 —


MONEY: Tax hikes coming!

Saturday, October 20, 2012

http://www.financial-planning.com/news/How-Advisors-Can-Use-2012-Tax-Breaks-Before-They-Disappear-2681313-1.html?ET=financialplanning:e11881:34803a:&st=email

Dear Team:

I don’t see much news I can use?

  • Possibly pre-pay medical premiums (e.g., Maybe 7200$ x and y premiums; see if I can prepay z premiums?).
  • ROTH conversion rarely makes any sense (i.e., pay taxes now to maybe save them later)?
  • Take cap gains in taxable accounts (i.e., doesn’t fit with the Edelman style of investing).

Did I miss anything?

fjohn

*****

This is a recent email sent out. Recognize that if the Congress critters do nothing, which is their MO, we get slammed with a gigantic tax hikes in 1/1/13.

Don’t think there is much to do, but revolt.

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f

 


MONEY: The falling dollar hurts real people; an ebb tide lowers all boats

Friday, October 19, 2012

http://www.mybudget360.com/us-standard-of-living-falling-us-dollar-impact-us-dollar-benefits/

Standard of living, meet falling US dollar – how a falling US dollar benefits banks at the expense of working Americans.

*** begin quote ***

There is certainly a cost to a falling US dollar. Many Americans are living the consequences of this multi-decade long trend. The Federal Reserve has only added fuel to this trend but many families are now realizing that there does come a cost to unrelenting debt based solutions to fiscal problems. Shopping at the local grocery store I’ve noticed that some items have doubled in the last few years. Fueling up is also more expensive. The issue with living on a low dollar policy is that eventually, you end up in a low wage capitalist system. The easy money slowly inflates away especially on global items. We are seeing this in the US in various arenas especially with higher education. The end result is that the standard of living for the vast majority of Americans has fallen dramatically in the last few decades.

*** end quote ***

The seems to be a basic stupidity in human beings as to the devastating impacts of “inflation” (i.e., counterfeiting by a central bank).

As an injineer, we can’t have a “standard” that varies. 

As a football fan, imagine if a yard was redefined each football season as 2% less. 35.28 inches. Easier to make a first down. Records would be meaningless. And, eventually, in 30 years, they’d play on a one inch field.

Absurd.

So why is it different for money?

In my lifetime, the “dollar”, whatever that is, has lost 99% of it’s value. Gasoline that was 30¢ per gallon was $3.75 last night. Has gasoline become more expensive? Those evil oil companies. No!!! Based on the price of silver, gas is actually ~30% cheaper. 

<<Those three silver dimes in 1960 bought a gallon of gas. Today those three dimes are worth about $6 (conservatively) to $10.50 (speculation). So either 28% cheaper or 65% depending upon your value of those dimes.>>

Why can’t “We, The Sheeple” see it?

And, in the general inflation (i.e., loss of value of the money), wages don’t go up. Those on fixed income are so screwed. And, the poor get poorer. Savings are a joke.

Also even the stock market gets “hurt”. Sure the stock prices go up, but never as much as the inflation rate. We’ve seen this in the Carter disaster. Then, stocks went up in the single digit %s, but the inflation was 25 or 30%. Hence the real value went down.

How does a tin foil hat view the world? Always price things in silver or gold. Makes it obvious.

A new men’s outfit in Rome was two ounces of gold. Today, you can buy a nice outfit for 3500$! Clothing has gotten “cheaper”.

A new car in the 60’s was 6 ounces of gold. (I know a bought a Chevy Nova brand new for 1200$). Today, 10,500$ won’t get you a new car. Cars have become more “expensive”. Gas we’ve already said has gotten “cheaper”.

What do you buy that’s changed?

Gooferment!!!

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MONEY: PT is less than AU?

Thursday, October 18, 2012

KITCO Metals quotes

 

 

Take a look at the price of platinum versus gold.

What does this signal?

Price manipulation in the commodities markets in advance of the election?

Wonder when we’ll hear about the derivative contracts that are used to move the market.

Argh!

—30—