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

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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.

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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%

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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%.

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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

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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

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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.

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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

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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.

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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

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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.

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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

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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.

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>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.

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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.

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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.

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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.

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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

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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.

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

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