Felonious Munk Presents: Stop It B! OBAMA PAY YOUR &*%$#% BILLS - YouTube
"How do you owe CHINA!?! How can I tell my daughter with a straight face Capitalism is a better system than Communism if we are borrowing all of our fuckin' money from the biggest Communist country on the fuckin' planet?"
Pick me. I know the answer. The Chinese have been moving toward the free market since the late 70's. George and Barry have taken us in the other direction.
Tuesday, August 23, 2011
Thursday, August 18, 2011
Wednesday, August 17, 2011
Democrat questions TSA over Israeli-style ‘chat downs’ | The Raw Story
Glad to hear that the personal liberty wing of the Republicrats is taking a stand. Budget considerations aside, I find it appalling that we would allow and endure our government to question our right to freely travel. I wonder if the Germans felt apprehension about the Brown-shirts the way I feel about the Blue-shirts of the TSA?
Democrat questions TSA over Israeli-style ‘chat downs’ | The Raw Story
Democrat questions TSA over Israeli-style ‘chat downs’ | The Raw Story
Sunday, August 14, 2011
This Time Is Different: Eight Centuries of Financial Folly eBook: Carmen M. Reinhart, Kenneth Rogoff: Kindle Store
Amazon.com: This Time Is Different: Eight Centuries of Financial Folly eBook: Carmen M. Reinhart, Kenneth Rogoff: Kindle Store
Just starting to read this book. Anyone read it? Seems very data driven (not a narrative). I like it so far. A quick sample:
History shows, "A government does not have to worry too much about a debt crisis if it consistently runs fiscal surpluses, maintains relatively low debt levels, mostly borrows at longer-term maturities (say ten years or more), and does not have too many hidden off-balance sheet guarantees. In contrast, a government runs large deficits year after year, concentrating its borrowing at shorter-term maturities (of say one year or less), it becomes vulnerable , perhaps even at a debt level that should seem quite manageable."
The US government has chronic, large deficits. Almost all of the debt is at three years or less. And, we have HUGE off-balance sheet liabilities like Social Security, Medicaid, and Obamacare.
I'd say we are in deep shit.
Just starting to read this book. Anyone read it? Seems very data driven (not a narrative). I like it so far. A quick sample:
History shows, "A government does not have to worry too much about a debt crisis if it consistently runs fiscal surpluses, maintains relatively low debt levels, mostly borrows at longer-term maturities (say ten years or more), and does not have too many hidden off-balance sheet guarantees. In contrast, a government runs large deficits year after year, concentrating its borrowing at shorter-term maturities (of say one year or less), it becomes vulnerable , perhaps even at a debt level that should seem quite manageable."
The US government has chronic, large deficits. Almost all of the debt is at three years or less. And, we have HUGE off-balance sheet liabilities like Social Security, Medicaid, and Obamacare.
I'd say we are in deep shit.
Protests force Chinese factory to close - FT.com
Protests force Chinese factory to close - FT.com
As we move ever closer to totalitarianism and serfdom, the Chinese are showing progress in the other direction. Three cheers for the people in Dalian with the courage to stand up to their government when the consequences of dissent are so large.
As we move ever closer to totalitarianism and serfdom, the Chinese are showing progress in the other direction. Three cheers for the people in Dalian with the courage to stand up to their government when the consequences of dissent are so large.
Friday, August 12, 2011
The system works.
http://www.washingtonpost.com/charles-krauthammer/2011/02/24/ADJkW7B_page.html
Fantastic! Really. Reagan-style optimism.
Fantastic! Really. Reagan-style optimism.
Tuesday, August 9, 2011
Let's Recap: How did we get into this mess? Where does it end?
No Chance of Default, US Can Print Money: Greenspan - CNBC
Fantastic. Greenspan says we're OK because we can print money. In my recollection, Greenspan and this kind of thinking is the cause of the crisis. It IS the problem. Shortly After Osama hit the World Trade Centers Greenspan and Bush pumped liquidity into the system by pushing interest rates to historic lows. (Combine that with Clinton and Barney Frank forcing banks to loan money for houses to anyone with a pulse...) Greenspan was the guy that moved the Fed from fighting inflation to fighting recession. Now we have the Fed in the business of fighting stock market swings.
Where does it end? Oh, Hayek already told us how it ends--he watched the rise of the National Socialist (Nazi) Party in Germany. See, The Road to Serfdom by Hayek. Socialism is a one-way street that ends in Totalitarianism and brutal repression and the murder of millions. Obama is a fool. Dangerous, but a fool. He is, however, preparing the way for a madman like Hitler.
Fantastic. Greenspan says we're OK because we can print money. In my recollection, Greenspan and this kind of thinking is the cause of the crisis. It IS the problem. Shortly After Osama hit the World Trade Centers Greenspan and Bush pumped liquidity into the system by pushing interest rates to historic lows. (Combine that with Clinton and Barney Frank forcing banks to loan money for houses to anyone with a pulse...) Greenspan was the guy that moved the Fed from fighting inflation to fighting recession. Now we have the Fed in the business of fighting stock market swings.
Where does it end? Oh, Hayek already told us how it ends--he watched the rise of the National Socialist (Nazi) Party in Germany. See, The Road to Serfdom by Hayek. Socialism is a one-way street that ends in Totalitarianism and brutal repression and the murder of millions. Obama is a fool. Dangerous, but a fool. He is, however, preparing the way for a madman like Hitler.
Monday, August 8, 2011
The Italian Job - WSJ.com
Review & Outlook: The Italian Job - WSJ.com
The news headlines today should have been: US Gov't borrowing costs don't change (today) despite the change in ratings by S&P. Subhead: Who would have thought that S&P added no information to the market?
So, the nominal reason for this post was to congratulate the Italians for the size of the scam they have pulled off on the Germans. Certainly the Spanish, Portugese, Irish, and Greeks did an amazing job but the Italians have pulled of a heist of historic proportions.
The really amazing part is that we have a Tea Party problem and not a borrowing problem!?!
The news headlines today should have been: US Gov't borrowing costs don't change (today) despite the change in ratings by S&P. Subhead: Who would have thought that S&P added no information to the market?
So, the nominal reason for this post was to congratulate the Italians for the size of the scam they have pulled off on the Germans. Certainly the Spanish, Portugese, Irish, and Greeks did an amazing job but the Italians have pulled of a heist of historic proportions.
The really amazing part is that we have a Tea Party problem and not a borrowing problem!?!
Friday, August 5, 2011
The Truth About Fossil Fuels and Renewable Energy - Seeking Alpha
The Truth About Fossil Fuels and Renewable Energy - Seeking Alpha
Great series of articles on energy.
Favorite quote:
"...after 30 years and $30 billion in subsidies, wind now meets 7/10 of 1% of US energy needs (about the same as when farmers used windmills 150 years ago) and solar is 12/100 of 1%. "
Great series of articles on energy.
Favorite quote:
"...after 30 years and $30 billion in subsidies, wind now meets 7/10 of 1% of US energy needs (about the same as when farmers used windmills 150 years ago) and solar is 12/100 of 1%. "
Wednesday, August 3, 2011
Three Cheers for a divided government...BBC News - FAA shutdown: Obama urges Congress to settle latest row
If only those Republicrat bastards would go along with our coercion. Hard to know whether to side with the Rebulicrats or the Democans. Mostly the whole thing brightens my day. Come to think of it, best that the government isn't collecting taxes and isn't spending the money whatever the reason.
BBC News - FAA shutdown: Obama urges Congress to settle latest row
BBC News - FAA shutdown: Obama urges Congress to settle latest row
Can't continue to wash each other's shirts
Trade is great. Absolutely fundamental to prosperity. But, without value being created at home, one way flow of wealth out of the country is eventually going to be our ruin. We need to defend freedom, allow anyone with a college degree and a dream to live here, and stop allowing the government to punish creators of value.
www.retailsystemsresearch.com/_document/summary/1321#fullsite
www.retailsystemsresearch.com/_document/summary/1321#fullsite
Tuesday, August 2, 2011
Employers BANNED from background checks? Striking the Balance Between Workplace Fairness and Workplace Safety
If I am reading this proposal correctly your Federal government wants to make sure sex offenders get a fair shake. An employer like Sea World could no longer check the sex offender database and then use the results of that check when considering a new hire? Sounds fair to me.
Striking the Balance Between Workplace Fairness and Workplace Safety
Striking the Balance Between Workplace Fairness and Workplace Safety
Monday, August 1, 2011
Fair versus Free
Fair versus Free
"When “fairness” replaces “freedom,” all our liberties are in danger." Check the Constitution. It does not protect fairness.
"When “fairness” replaces “freedom,” all our liberties are in danger." Check the Constitution. It does not protect fairness.
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