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.

# – # – #

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.

# – # – #

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.

# – # – #

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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RANT: The paranoia in all of us

Sunday, November 29, 2009

http://www.michaelshermer.com/2009/09/paranoia-strikes-deep/

Paranoia Strikes Deep
published September 2009
Why people believe in conspiracies
Michael Shermer

*** begin quote ***

Conspiracies do happen, of course. Abraham Lincoln was the victim of an assassination conspiracy, as was Austrian archduke Franz Ferdinand, gunned down by the Serbian secret society called Black Hand. The attack on Pearl Harbor was a Japanese conspiracy (although some conspiracists think Franklin Roosevelt was in on it). Watergate was a conspiracy (that Richard Nixon was in on). How can we tell the difference between information and disinformation? As Kurt Cobain, the rocker star of Nirvana, once growled in his grunge lyrics shortly before his death from a self-inflicted (or was it?) gunshot to the head, “Just because you’re paranoid don’t mean they’re not after you.”

*** end quote ***

Argh! “THEY” are out to get us. Violent people want to seize the power of the gooferment to exercise over us. If you don’t think you are “being controlled”, just try doing something the establishment (left or right) doesn’t like!

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INTERESTING: Tiger-gate?

Saturday, November 28, 2009

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

November 28, 2009
Alternative media scoops MSM on Tiger Woods story
Rick Moran

*** begin quote ***

So one of the greatest athletes in the world is unable to navigate the treacherous arc of his driveway and has to be rescued by his wife?

Mrs. Woods breaks the rear window of Tiger’s 2009 Escalade to free him and the police arrive to find Tiger “in and out of consciousness” on the ground? All of this most unusual activity takes place at 2:25 a.m. with the same guy who can thread a 1 iron through the fork of a sapling and onto the green suddenly unable to negotiate an Escalade around the same fire hydrant and tree he zips by every time he leaves home.

*** end quote ***

So, here we have the makings of a great “tin foil hat” item.

What exactly is going on here? And, why are the police and the media treading so softly. Couldn’t be his popular image? Or could it?

The crime to this old Little L Libertarian requires a victim. Any “tin foil hat” conspiracy requires a cover up.

So where is the victim? Sounds like Tiger, the fire hydrant, and the tree.

Where is the conspiracy? Sounds like the wife not admitting the police to interview Tiger is the “smoking gun”.

To misquote Paul Harvey: “Stand by for news”.

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JOBSEARCH: What can we learn from college coaches

Saturday, November 28, 2009

http://www.bloomberg.com/apps/news?pid=20601039&sid=abdoqoaxMIls

Notre Dame Football Can End Coaching Arms Race: Scott Soshnick

*** begin quote ***

Thanks to an indefensible extension awarded by White, the former athletic director, Weis is under contract through 2015. And he’s owed about $18 million. Talk about your buyout bonanzas.

That money could have gone to things like pay for scholarships, professors or infrastructure.

If Notre Dame, where academics actually matter, even for athletes, is about to embark on yet another coaching search, I suggest they proceed with one person in mind: the late National Collegiate Athletic Association President Myles Brand.

It was Brand, the first college president to lead the NCAA, who time and again voiced concern over what he called an arms race for coaching salaries in revenue-generating sports like football and basketball.

Imagine if Notre Dame established at the outset of its search a salary limit of, let’s say, $1 million. Just because you spend more doesn’t mean you’re getting better.

*** end quote ***

For my part, the lesson I take away is “You ain’t gonna be around long”.

I’ve learned that lesson. Even if you’re diligent, work hard, keep your nose clean, you’re going to get screwed.

An inept boss, a treacherous one, and even a good one, isn’t enough to save you.

So what is the strategy and tactics that you should adopt to minimize the damage?

Make no mistake, there will be damage!

Strategies:

  1. Ruthless financial discipline. (Small leaks and big leaks need to be stopped cold.)
  2. Realistic emergency fund ready. (Double your expected unemployment time.)
  3. Never ever stop networking. (Remember your new job is to find your next job.)  

Tactics:

  1. Keep helping folks via social networking like LinkedIn and Facebook.
  2. Seek exposure — blog, speak, coach — inside and out.
  3. Document your “lessons learned” regardless if you share them or not.
  4. Continue — or begin — collecting McKay66 sheets on EVERYONE. (JibberJobber anyone?)

Summary:

Thanksgiving is the holiday that focuses on turkeys. This big turkey knows of what he speaks. He’s had his tail feathers plucked numerous times.

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