04.28.08
Posted in Old Posts at 9:11 am by Administrator
By John Galt
April 28, 2008
The culmination of another superstar weekend of NASCAR racing at Talladega, AL, one of their “Super speedways” which dot the U.S. landscape, makes me realize what a waste of precious resources we witness each week when these vehicles make left turns for three hours, consuming nature’s gift and providing nothing more than a PBR inspired buzz for the millions of fans who watch it. Thankfully no animals were killed, nor were any drivers or spectators, so from a safety standpoint the improvements in this “sport” are the only benefit I can see and the idea of putting helmets and HANS devices into the new economy cars on the market might be something to analyze. The display, otherwise, was a horrid show which destroys valuable natural resources which could be used to keep the lower class Americans in affordable gasoline for quite some time and be of great assistance for the poor children of the nation.
Per NASCAR statistics, all of the cars consume about 6000 gallons of fuel during the race. This does not include diesel fuel consumed by the numerous rigs the racing teams drive nor the media circus which follows the teams around the circuit. Add in the waste of aviation fuel for helicopters and blimps which circle the event from above and you can deduce that hundreds of thousands of dollars of our valuable resources are wasted so Bubba can get a buzz on and watch a bunch of rednecks make left turns all day. The fuel consumed by the racing vehicles is also high in lead content which when burned in a confined area like many of these race tracks, might explain the deteriorating ability of some drivers to enunciate properly when interviewed after the race. If you think about the average household which earns less than $50,000 per year, they probably consume about 40 gallons of gasoline on average per week. While that number might seem high, if you add in the transportation to and from work for two adults and the various trips around the community for the children, it’s not that extreme. So based on that, each NASCAR event could provide gasoline, if the racing fuel were refined differently, for up to 150 weeks for that one household! That means almost 3 families would have 1 years worth of fuel and prevent the children from having to walk, hitchhike or take dangerous school buses to and from their public education Mecca. Think of the savings! Think of the children!
Also the skills of the truck drivers would be better utilized to haul food and clothing to keep costs down for our poor and middle class by better allocating the diesel fuel in this nation for things that matter. This would reduce our dependence on Mexican trucking companies to haul goods cross country and keep America strong. The aviation fuel would be better utilized for our military and of course hospital emergency helicopters which are in need for lower fuel costs to keep hospital bills down for the children when they are seriously injured. Thus grounding this aerial circus we see every Saturday and Sunday for the Busch Series and Sprint Cup races would immediately provide an economic benefit for the children.
Another consideration that everyone should understand is the increased dependency on government hearing aid programs as a result of the hostile environment inside a NASCAR event. They use no mufflers or sound reducing technology which with repeated exposure, especially in the infield and seats closer to the track. If this continues, the expansion of the Medicare/Medicaid roles to accommodate the drivers and fans could be a huge burden on our society. Adding to the hazardous nightmare is the lack of catalytic converters and pollution control devices which pollute the atmosphere and enhance global warming effects over the various tracks. The limitations of the ability for many plants to grow in such an area of polluted air only contributes to the rapid decline of our world’s atmosphere and the polar bears inability to swim to safety and areas where food is readily available. Alas, this sad state of affairs is neglected by the average NASCAR fan, as their only concern is swilling beer, spitting tobacco, and of course keeping their female partners enslaved as bare footed baby factories inside their homes. America must act and act fast to force NASCAR to modify their cars and the racing environment, if not outright banning the sport, for the good of our health care system, endangered birds and the children.
Finally, there is the social impact. No, not the drunk husband coming home yelling at his wife and kids after the race because number 88 choked again. It is the waste of talent and resources within the vehicular construction itself. These engineers are brilliant and probably all drive cars that average 100 mpg in the city as they know all of the top secret engine manufacturing techniques which should be shared with the world to prevent the Armageddon we all fear is coming. If these engineers were forced to work within the private enterprise system for the auto makers and maybe even a special U.N. project, the threat of global war and radical terrorist activity would be greatly reduced as the oil resources would be extended for another fifty years as a result of their work. We must encourage NASCAR to not hoard these engineers and their mechanics and to share them immediately to prevent war and protect the children.
It is my sincere hope that each and every one of you pick up a pen, a phone, or email your representatives in the House and Senate and urge action now. It is time to ban NASCAR and the affiliated races. It is time to start conserving and allocating our resources. It is time to give the powers to the government to do what is necessary for the Ashy Storm-Petrel to survive and come off the Endangered Species List so it does not fly over lead laden airways nor choke on non-catalytic converter cleaned exhaust. It is time for all Americans to act.
For the children.
If you believe one word of what you just read above, you are a victim of “Liberalitis” the disease which impairs your ability to take a joke and enjoy the sarcastic side of life. This is not a serious op-ed but something to illustrate just how absurd the socialist movement might actually sink to get their point across. While the idea of banning NASCAR might appeal to the liberal elites of this nation, some of us still enjoy our bible clinging gun toting rights to enjoy cars making left turns for four hours every Sunday. And if these same Liberals/Socialists would just get out of the way, the free market could and would solve many of the issues outlined above in short order due to market demand. If you think this is absurd, picture this: The elites and socialists actually want to regulate food production and distribution, income redistribution, modify the Constitution, and of course all aspects of your freedoms all for the children and the “greater good.” If any of you think they can fix NASCAR, then you probably believe they can solve any food supply related issues also. Seek profession help immediately if that is the case.
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04.27.08
Posted in Old Posts at 4:59 pm by Administrator
By John Galt
April 27, 2008
It was a weird experience this Saturday morning in April of 2010. I had never experienced walking right into the door of the Central Florida Gun Show at the Lakeland Civic Center as normally there was a long line waiting for the show to open. The armored car in the parking lot was a new, interesting twist as it has been two years since I had ventured into the show, but since the latest grocery store attack, security has been beefed up at all public venues and the deployment of the new Homeland Security “Home Guard” national police force was a given. The HG had about fifty officers there plus the car so as I walked in the door, I was not shocked to see their presence everywhere. The table with the ticket sellers had two people in line which for ten in the morning was rare as best I could remember. I started some idle chit-chat asking “so how many vendors are here for this show?” Suddenly one of the black uniformed officers walked over and asked me “why do you want to know this information?” I replied to him “just curious, I used to come to this show and see over six hundred dealers, nothing important I guess.” The officer nodded and walked away, with the MP5 dangling off his shoulder ready for action. I handed the money to the lady and she motioned me over to another table to turn in my ticket. I handed the ticket to another lady and she said “passport, USID, or driver’s license please.” Startled, I asked “when did this start to be part of the show?” She replied “April 1, 2010 when the Kennedy-Martinez Domestic Security Act was passed. There’s a copy of the information sheet and all instructions for gun show participants and customers at the end of the table.” She motioned to a stack of documents, photocopied and stacked high, as they seemed to anticipate a large crowd that day. Reluctantly, and under the watchful eye of some pretty scary looking officers, I handed her my driver’s license and watched her key in all of the information into a computer. Out of the printer another document was spit out which had a bar code and all kinds of official seals and information on it, but the large bold title was what caught my attention:
April 17, 2010 ONLY…Lakeland Civic Center 10:01 a.m. EDT.
Gun Show Permit – Purchases Permitted
Somewhat befuddled, as I was busy working at any job I could take and did not pay attention to much in the news I asked the elderly lady, “where to next?” She pointed at the door and I handed the document to the HG Officer who had some rank. He said “diver’s license, passport, or USID please” and put his hand out. I reached into my wallet again and handed my license to him. He scanned it, then passed a laser gun like they use at the grocery stores over the “permit” and handed everything back to me. The officer then said “have a nice day, enjoy shopping here” to which I just said thanks and moved on.
Normally this show had hundreds of vendors but now there were less than a hundred and the pickings were mighty slim. To my relief though, my favorite shop where I had been buying weapons and ammo for years was right there where he had always been on the second row by the main entrance. I said “Mike, how the heck have you been?” and walked up to him with my hand extended to shake his. He put his hand out, shaking mine and said “Tired and stressed my friend. The new regs are really killing the business.” I looked at his eyes and realized he was not kidding. He only had ammunition in .22, .30-06, 12 gauge, 9mm and of all things, .32. I asked him with some concern “What happened to all your ammo for AK’s and Bushmasters?” He said that they were no longer allowed to sell those calibers as they were restricted for military use only now. Then he stunned me by asking “Have you failed to turn in your ammo in those calibers?” As he said that the HG officer on that aisle moved in closer to hear my answer. I replied “Oh, we shot all that up years ago. It’s been two years since I’ve been to the show and I came here to buy a gun for my son on his sixteenth birthday.” Mike nodded and said “Well, I have just the rifle for him.” I cut him off and said “Where’s the Ruger 10/22’s? That’s what I really want to get him; are you sold out?” Mike’s eyes spoke volumes and he softly said “We are not allowed to sell semi-autos any longer. Rifles and shotguns only and that is restricted to single shot bolt action rifles or side by side or single round shotguns. The instructions and limitations are on the back of your show permit.” Stunned, I turned it over and sure as heck, there it was under the “Kennedy-Martinez Act” restrictions and notations. With that I told Mike “That’s cool. Let me have the bolt action .22 Marlin and a thousand round brick of ammo.” Mike shook his head again and said “You had best read all of that. The dealers nationwide are now limited to one hundred rounds per customer per month of rifle ammunition and thirty rounds of shotgun ammunition per month per customer.” With that stunning piece of information I said “Okay, let’s close the deal, that’s what I’ll buy then.” The HS officer motioned to the door and another officer started walking towards the table to join him. I pulled my debit card out of my wallet and handed it to Mike to close the transaction. “305.75 will be your charge today sir.” Mike was saying that like he was a robot and the HS officers were both watching intently. Then he said “Sir, your card has been declined. Your bank may be part of the National Gun Restriction Network which disallows firearm and ammunition purchases. Do you have another credit card or cash?” Now, I was getting upset but when guys in black are standing there with machine guns, you don’t say much. “Here’s some cash,” putting it down on the table somewhat harshly counting out three hundred and twenty dollars in twenties. As I finished, one of the HG guys approached me and asked “Where did you get all that cash sir?” I replied to him coldly “I’ve been saving my tax refund and withdrawing money from ATM’s over the last year to save up for this for my son. I had no idea prices had gone up so much. Who ever heard of twenty-five bucks for fifty rounds of .22?” The officer grinned and replied “Well fifteen of that is service, handling and processing fees. Welcome to the new gun show reality.” As Mike handed my change to me, he asked for my driver’s license and gun show permit. He walked over to a computer, scanned the permit, then my driver’s license. I thought that was unusual, but he came back with another document titled “FPPD-Federal Purchase Processing Document” and then instructed me to take this, and the firearms over to Booth 101 on the West side of the building. Befuddled, I reached for the rifle and Mike said “Uh, no. You’re not allowed to touch the weapon until processing is complete. The officer will hand it to you after you are done at Booth 101.”
Strange as that sounds, I headed that way carrying on idle discussion about the Bucs’ prospects this season with the HG officer as we went over to 101. As I approached the booth, he drew the curtain back and motioned me inside. It was just a curtained area with a camera, some computers, bar code readers, and two more HG officers with MP5’s. A tough looking lady in the all black HG uniform called me over and said “Please hand me your driver’s license, gun show permit, bank debit card, and FPPD please.” I obliged but now started to wonder just what in the tarnation was going on. After she scanned and typed for what seemed like forever she said “Please put your right and left thumbs on the two fingerprint scanners over here.” As I completed that a sudden pain hit my left thumb and it was bleeding a little bit. As I was about to ask here about the apparent DNA test and was about to ask her what was going on, she anticipated it and gave the pre-programmed speech “Per the Kennedy-Martinez Act all purchases are registered and validated as not a threat to Homeland Security and to protect you should your weapon be stolen. Terrorism is a real threat and we’re doing our part to insure your Second Amendment rights and protect your freedoms. If you will please, remove your ball cap so we can take a photo to complete processing.” Wrapping my thumb with the band-aid, I moved to the white line on the floor and got my picture taken and was motioned to the end of the cubicle.
She asked that I wait in Booth 102 while processing was complete which I was more than happy to do, as this process was getting on my nerves. She walked out ten minutes later with copies of all kinds of documents in a sealed Ziploc bag and said “Thank you for your patience. Enclosed in this bag is a record of your purchase, the serial numbers of the currency used, the serial number of your firearm and each round of ammunition, and of course the permit which is good for thirty days should you elect to go to another show. Thank you for upholding your Second Amendment rights in these turbulent times.” As I took everything and started to exit, I felt like I was booked by the police, which in fact, I think I was. “This is my last gun show, ever” I thought to myself.
Insane “Patriot” fiction you think? Do yourself a favor and do not read on if that’s all you think this is. The key to this document is to highlight an incoming issue. That issue is one that may or may not be resolved by the U.S. Supreme Court this summer and one that will haunt the old-fashioned American who thinks as I do that the Constitution is immutable and not a “living” document as the Marxist ideologues would have you believe. As this prepetorial is being typed, initiatives are under way to register and monitor your DNA, firearms, ammunition, medical records, travel habits, automobile activity and speech by our ever charitable and freedom loving Big Brother advocacy groups from both sides of the political aisle. Control is something that those who advocate supreme Federal power desire and wish to maintain. So what does one do about it?
The fictional piece above unfortunately is tainted with some truth. Odds are we will experience the terrorist attacks such as I had speculated on ages ago in “Why We’ll Fight” over one year ago where Islamofacists (yes, I know that’s a banned term by the .gov) attack grocery stores and soft civilian targets. It is not beyond the realm to conceive of an attack by terrorists using AK-47’s modified by their ilk and purchased at “gun shows” to become fully automatic instead of semi-auto as bought. Imagine the consequences for the average American gun owner. If you think that is far fetched like the serial numbers on ammunition portion of the story, I give you this month’s feature by the NRA’s Christopher Cox titled No Bullets, No Shooting where thirteen states have already introduced laws requiring ammunition sellers to track and record purchases of ammunition, shell by shell, round by round. The cost alone would be staggering probably (my guess) taking the cost of a .22 LR up over a nickel a round, not to mention the bureaucratic costs imposed on the dealers. Most would just close their doors and sell their stock out so as not to have to deal with the absurdity of these programs. Add in the fervor by the Marxist left to impose restrictions on gun shows, one of the last vestiges of free market selling, buying and swapping firearms as intended by the Colonialists in their efforts to insure a freedom from tyranny. That is just one aspect which should have everyone scared. There are other efforts, subtle as they may seem, to impair the average American’s ability to purchase firearms and ammunition.
Despite the best efforts of the NRA and GOA to block actions by the ATF and their rash of sudden “enforcement actions” against dealers nationwide over the last four years for petty bureaucratic errors in paperwork, etc. the beat goes on. And the alphabet agencies are an imposing force which can distort market forces and cause the dealers to pass the cost of doing business on to the customer. Add in the huge ammunition purchases made by the Department of Homeland Security over the last year and the shortages noted in various regions of various calibers, any schmuck can add 2+2 and figure out there is a pattern emerging. The indirect imposition of purchase limitations via the creations of shortages in ammo and firearms is one thing. To deliberately hoard ammunition for whatever future we may be soon to encounter is another. Something, or someone, is planning for a future where the ownership of firearms by American citizens will be viewed as a threat instead of a benefit. While local law enforcement welcomes a well armed, safe, sane citizenry, there appears to be others that do not. The last gun show illustration above may or may not happen, but everything within the fiction above is plausible if not desired by some in power.
Plan your future accordingly, before things change beyond your control.
The future is now.
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04.24.08
Posted in Old Posts at 9:43 pm by Administrator
The Q-Files might only be available live tonight via WHRI Shortwave on 11.785 and 5.850 Mhz.
The show starts at 1900 EDT (that’s 7 pm) aka 2300 UTC.
We’ll know if the streams come up by show time as will you as AT&T broadband is “working” on the problem….
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Posted in Old Posts at 1:03 am by Administrator
Without a doubt a MUST READ for anyone who wants a history or primer on the problems we’re about 30% through right now.
The next shoe to drop is about oh, 1 inch off the floor. And the Alt-A, Jumbo, Prime and CMBS implosion will rock the world.
So much for blaming the subprime slugs for everything. Next excuse please.
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04.20.08
Posted in Old Posts at 5:12 pm by Administrator
BEWARE of the Killer B’s
by John Galt
April 21, 2008
1916-Sheep grazing on the South lawn at the White House
The Bloodsuckers B’s
The average person might ask “so what’s so dangerous about a group of sheep grazing at the White House?” Since sanity has departed America’s shores decades ago, it should not be that insane to point out that those are not sheep but sheeple. They are “Killer B’s” of which there are several types which are both dangerous and could ultimately prove lethal to the American economy and political system. The Bloodsuckers are so dangerous to our system the former Comptroller of the United States, one David Walker, resigned in frustration that the entitlement and accounting nightmare was not being addressed by the Killer B’s in Congress nor the American people as a whole. In less than a decade, we could well find ourselves taking less revenue into the Treasury Department than is needed to maintain any semblance of sanity to cover just the interest payments on the debts we owe. Instead of tightening our belts, addressing the long term implications of over $53,000,000,000,000 plus in debt and obligations, the current administration and those prior have expanded the role of government in every aspect of life, be it an unrealistic prescription drug program or nation building around the world. This nightmare is not helped by the Bloodsucker, that individual who lives off of the government largess regardless if they need it or not, regardless if they are a citizen or not and regardless if the problems they endure are self-inflicted. These Bloodsuckers are expanding in population as their parent creature, the Bloated Bloodsucking Bureaucracy(BBB) is allowed and encouraged to reproduce, expand and multiply at every level of government. The bills are coming due folks and this expansion in government socialism will eventually collapse of it’s weight. The BBB’s will continue to leech off of the productive souls of society as long as we allow it, and that’s creating dependency for the sake of dependency. Unfortunately, this Killer B has spawned larger children every four years and this years batch of mega-leeches is no better….
The Killer B Parties
Ah yes, another four years, another spawn from hell to torture the American psyche and sanity. You look at those photos and ask yourself “and people wonder why the public hates to vote?” Yes, these Killer B’s, not necessarily the candidates themselves in total, but what they represent are exactly why America is on the bullet train to historical irrelevancy. The two political parties have elected to become interchangeable farces who’s sole benefit is to promote an entrenched class of elites to live large off of the producers of society. Some of these producers, a different kind of Killer B, have adopted the “why fight City Hall” philosophy and seek to expand the government also, thus their feigned support of clowns like those in the photos above. The two parties have ceased being objective opponents working towards a unified management of the people’s affairs and instead prefer to just have title interchange as their only priority as long as they can be re-elected to office with all of the accompanying power; one party becomes the “Social Democrats” one week and the other the “Democratic Socialists” the next. Regardless, any of the candidates pictured above will only do more harm than good with regards to our economic affairs and all of them appear to wish to implement some degree of even more drastic socialist solutions that will ultimately lead to the dissolution of the economic system which created modern America and enabled Algore to create the internet. Thank you Al, if I have not already.
Ben Bernanke during recent Congressional testimony praying for Greenspan to un-retire
The Economic Killer B
Alas, I feared it would not happen but the reincarnation of Arthur Burns could not escape my pen in another editorial nor should it. The economy “Killer B“, one Ben Bernanke, has taken over as steward of the Federal Reserve and in the process, attempted to approach the mess Greenspan left him from an academic rather than a practical reality. The interventionist policy approach is far outside the legal mandate outlined in Section 13 of the Federal Reserve Act, yet the “law” is just a minor inconvenience to the powers that be. This tact is what Ben said he would have done during the Great Depression but in reality, he is falling for the same trap as another “Killer B“, Arthur Burns, the FOMC Chairman in the late 1970’s.
The inflationary spiral which Greenspan laid the foundation for is an inevitable result of flooding the world with dollars and unless Ben tightens the reigns severely and quickly, the genie will not return to the bottle. These inflationary pressures are much like what Chairman Burns encountered in the 1970’s and made similar egregious mistakes that made the problem worse. If you look at the USD index chart as of this past Friday, you will note when Ben became chairman and where we are at today.
On Friday we settled at 71.923, well off our all time lows but one has to ask the obvious question: How long will the dollar be allowed to decline before the average person puts 2+2 together? The basic math is simple; we have witnessed a marked acceleration of inflationary forces on commodity and select assets. The commodity inflation we are witnessing is being blamed on everything from speculation to a desire to park money in a “safe” place like U.S. Treasury instruments. But that theory can be tossed out the window with the new volatility introduced into the government debt markets by the obligations that Ben has elected to bring on to the Federal Reserves balance sheet at the expense of taxpayers. And the central underlying demand by over two billion people for such things as food and raw materials is an extra factor that the 1929 Fed did not have to contend with nor did Ben’s paper ever consider addressing. Sisyphus had a minor task compared to the historic nightmare that Ben has inherited, yet few wish to allow the capitalist system to correct itself so every FOMC meeting, Ben is pushing the rock back up to the top again. The basic supply demand curve can not be violated nor altered, yet the mythologists who run our economy continually create new works of fiction to adapt to the new reality while still spewing such creative utterances as “it’s OPEC’s fault” or “it’s the speculators.” The US taxpayer is not supposed to be an insurance policy for the follies of the investing community but Ben and the Central Banksters gave themselves the power despite never being elected to office nor given Constitutional authority to do so. If one takes the time to read Section 13, there is nothing that should have allowed them to create said power. If you read subsection 13 of Section 13, it says:
“13. Advances to Individuals, Partnerships, and Corporations on Obligations of United States
Subject to such limitations, restrictions and regulations as the Board of Governors of the Federal Reserve System may prescribe, any Federal reserve bank may make advances to any individual, partnership or corporation on the promissory notes of such individual, partnership or corporation secured by direct obligations of the United States or by any obligation which is a direct obligation of, or fully guaranteed as to principal and interest by, any agency of the United States.”
In other words there is nothing that says a CDO, RMBS, or CMBS created by a non-commercial investment bankster or any derivative thereof shall be accepted by any member Federal Reserve bank. So just like money, the Fed is not creating “law” out of thin air yet the sheeple continue to graze on the south lawn. The implications are mind boggling and unless you people get off your butts and start screaming at your local Congress Critters, other private institutions which are married to the government and various agencies within governments at all levels might begin to create policy or laws as things begin to deteriorate, seeing how Congress has abdicated it’s Constitutional oversight responsibilities. Call, write or fax, do not waste your time emailing. The seizure of powers allocated only to the people can not be allowed to pass. And this dangerous spate of activities by this “Killer B” should be everyone’s number one concern as we move forward and the monetary crisis deepens.
The Killer Talking B’s
Oh no! Please, don’t scream at me or the computer. The dancing banana is a “Killer B” that should keep you staring at the ceiling all night long in utter frustration and anger. It represents the summation of a basically formula:
=
+
+
Yes, even cheerleading “Killer B” bananas require some basic math, even though those laws do not apply on Bubblevision, America’s propaganda arm for the economic “Killer BSERS” who have found new ways to report information, not news, but information, that would make Goebbels blush. Imagine if Africanized honey bees could speak to you before they stung you to death. I imagine it would sound alot like “Booyah” boy telling viewers to hang on to Bear Stearns right before it lost 95% of its value. Oh, and for those who doubt that there is a problem when people passing their network off as “financial journalists” begin to spout their nonsense, I refer you back to this:
Jim Cramer’s Guide to Market Manipulation
March 20, 2007, 9:22 am
NY Times
“Mad Money” host Jim Cramer has gained a huge following, and more than a few critics as well, with his explosive stock-picking patter. But in a revealing video interview with TheStreet.com, the financial Web site he cofounded, Mr. Cramer drops some bombshells that go well beyond his usual chair-throwing, ‘Booyah’-shouting routine. In the clip, which has drawn lots of commentary on YouTube, Mr. Cramer brags about his ability as a former hedge-fund manager to game the stock market and offers what amounts to a how-to to aspiring stock manipulators, The New York Post reported Tuesday.
In the December interview with the site’s “Wall Street Confidential” Webcast, Mr. Cramer describes at least two strategies, including a way of driving stock futures up or down that he explicitly said was legal. “A lot of times when I was short, I would create a level of activity beforehand that would drive the futures. … It’s a fun game,” he told TheStreet.com’s executive editor, Aaron Task.
But Mr. Cramer spends most of the interview describing a practice called “fomenting,” where a hedge fund manager essentially creates a false impression about a company in order to drive its stock one way or another — which he says is “blatantly illegal,” but adds that “the Securities and Exchange Commission doesn’t understand it.” While he claims this practice is widespread, he never says he has used it himself.
Here’s how fomenting works, according to Mr. Cramer: Say a hedge fund manager is holding a short position — a bet that a stock will decline — in Research in Motion, which has just announced blockbuster quarterly earnings results. An enterprising fund manager might call several brokerage houses and either feed them bad information or order a slew of short sales. Then he or she could call up a “bozo reporter” with a fake news tip about Resarch in Motion rival Palm.
The result, he says, is a perfect storm of bad news that temporarily lowers R.I.M.’s stock price, long enough for the manager to reap a tidy profit. He recommends a similar procedure with Apple (the video was filmed before the company introduced its iPhone at its annual Macworld convention in January).
“These are all the things that you should be doing on a day-to-day basis and if you’re not doing it, maybe you shouldn’t be in the game,” Mr. Cramer tells Mr. Task.
Mr. Cramer sums up his philosophy this way:
What’s important when you are in that hedge fund mode is to not do anything remotely truthful, because the truth is so against your view, that it’s important to create a new truth, to develop a fiction.
Updated March 23: We’ve swapped the link to the video; the previous YouTube link no longer works.
Link to Original Video on TheStreet.com
Yet he is still employed on Bubblevision (CNBC), he still has his own evening program even though CNBC denies endorsement of his statements, and worse, the people on their network like infobabe Maria Bartiromo continue to hold him up in high regard as an “expert” when the sums of money he plays with is beyond the perception of the average individual investor. The so-called “breaking news” these clowns promote are twisted or key facts deliberately omitted to give a different impression as to reality. Let’s perform the “Killer B” exercise using history as an example using the business channel ideal of bovine scattalogical distribution. What if CNBC existed when the HMS Titanic sunk? Would the breaking news be something like:
“Tragic cruise line accident as HMS Titanic hits iceberg! Thankfully 201 first class passengers survived!”
Of course they are not “lying” they are just omitting the key fact that 1496 other people perished, yet that same methodology is how our financial news is reported today. On Friday April 19th, the Bubblevision Network reported Citigroup’s quarterly report was “not as bad as expected” and of course threw in the line “this time they tossed in the kitchen sink.” The part about $14 billion in write downs was gleefully omitted as was mentioning briefly in passing that several thousand more people were being laid off. How anyone in their right mind can promote a quarterly loss as a good thing while there has been no indication for over a year now that these banksters are about to be honest as to the depths of their problems is not only irresponsible it should be criminal! To prove the insanity is just that, let’s go back a little while further to Intel’s report. Back in March, as required, Intel reduced their quarterly earnings expectations from 35 cents per share down to 25 cents per share causing angst within the Bubblevision propaganda department. The Fast Money gang all stewed on their program that this could indicate tech is actually under threat from this “slowdown” or possible recession. Then when Intel reported on April 16th, that they beat expectations by 1 penny, the same group all went nuts saying “wow, the worst is over, they beat expectations” to paraphrase the lunacy. It’s really hard to not beat your own expectations yet these morons on Bubblevision want you to sink your hard earned retirement into an obviously rigged game which is guaranteed for them to never lose by your tax dollars (thank you Ben)!!!!! Before you get excited about one thing coming from the so-called “Financial Press” in this country or any other, I simply point you to some key charts to review and you draw your own conclusions; focus especially on the S&P 500 price level on December 31, 1999 of 1469.25 and April 19th’s closing price of 1390; 9 years almost after the fact, if you had invested in a S&P 500 index based mutual fund, you are still down, and that’s not adjusted for inflation. THINK PEOPLE!!! Quit believing this nonsense and look at who advertises on these networks, in these magazines and especially the daily newspapers. Everyone has an interest in propagating the myth that stocks are now in a perpetual bull market and the idea that bear markets are impossible. Now check out the charts and start to think:
(Chart added with 200 DMA and NOT adjusted for inflation)
Being a historian allows one to keep things in perspective and the last time the 200 Day Moving Average rolled over as in the chart above, well, you can see for yourself what happened.
Of course if that chart does not convince you, let’s refer to some charts that Kevin Depew used from Minyanville.com in his article Five Things You Need to Know: The Point of Recognition published on March 19, 2008 which point out what the S&P 500 looks like priced in other fiat currencies that have not experienced the attack of the Killer B’s….
First the S&P 500 priced in Euros as of the publish date of the article above:
Not so hot. So much for the rallies which appear a tad bit hollow now. So let’s see if this confirms with the S&P priced in Yen:
A bit more tolerable but then again, I can only handle so much Sushi. Let’s pick the currency closer to home, the Canadian Dollar:
Ouch. But that really does not indicate the severe amount of pain that we are trapped in. From another one of my favorite websites, here is the Dow priced in Gold which indicates that the bear market which began in 2000 really has not ended but traded within a channel thanks to inflation:
That’s about all I need to see to realize that inflation has taken a death grip on our markets, the reporting of financial news is akin to getting the location of the Holy Grail from a drunken housewife at ten in the morning while you’re working in your yard and that this game will not continue much longer with the dilution of our currency at the pace we are at. So listen to the Killer BSers of Bubblevision at your own risk and make the research and judgment decisions for your financial future yourself. Which leads me to the final “Killer B” in our story, the banksters.
Baptists have Faith, Banksters Destroy It
Would you buy a used car from this man?
There is a myth that the banking community as a whole only has the best interests of their customers at heart. In reality they are a business and the bottom line is all that matters. Unfortunately we have allowed an arrogant class of banksters to develop a base of power which could threaten the economic well being of the Western world. There is a theory that these clowns propagated over the last six years that by spreading the risk around the world, the impacts of variations in the business cycle would be evenly distributed and the risk distribution would minimize impacts in changes to the climate by keeping them within some carefully constructed formulas or norms. The problem with these calculations and theories is that the “Black Swan” or unexpected event, oh, you know, like a greater percentage of people defaulting on homes they could ever afford (who could have seen that one coming), will distort the results and amplify the crisis, especially when these bozos start to distort the information flow to protect what ill gotten gains they have achieved. No less an investor than Warren Buffett has warned about the games these people play with his “economic weapon of mass destruction” comment referring to the derivatives time bomb, yet the banksters continued to churn out highly leveraged instruments based on another theory, a not so public one.
The “we’re too big to fail” economic theory allowed a diverse group of banks in Europe and North America to create a nightmarish problem in excess of $500 trillion in derivatives (notional values) that if just 10% imploded, it would eviscerate the economies of the West for over a decade and the regulators know it, the politicians know it, but the average citizen who will pay for it is not allowed or too lazy to find out about it. Folks, this is not just a passing storm as some nut cases will have you believe, this is a long term problem and we are just beginning to see the impact. Instead of absorbing a short term politically painful recession before the 2004 elections, the philosophy of over-expansion of the money supply and turning the other cheek in regulatory matters has allowed this new manifest destiny to appear. As the deleveraging process accelerates, which it always does, charts like this one of the Philadelphia Banking Index will tell the tale:
If you think that the roll over in the 200 day moving average on the chart above is any indication, the fear that should make you stand up and pay attention is that we have yet to retest lows unseen in over a decade. As the banksters begin to fail, it should trigger a wave of counterparty risk failures which eventually cause that roll over to turn into a waterfall. And that waterfall will drown the American people and those of Western Europe who smugly think they are immune as they sip their lattes. The banksters would have you believe because there are some that are too big to fail, the taxpayer must bail them out at all costs even if it includes the introduction of hybrid socialism as is practiced in Communist China. This is a dangerous and slippery slope we are progressing down and the idea of income redistribution to be shared in management by a strong central government and bankster community would have had our forefathers in the streets with pitchforks and bonfires ready to rock and roll. Instead we are more concerned with the release of the next video game for the Playstation III or just will the new Apple Iphone have the ability to provide back massages while playing MP3’s back. Folks, you had best wake up. This is a historical crossroads which has every indication that our society will undergo a massive change from top to bottom and unfortunately the bottom half of the citizenry will experience it first and feel it with the greatest amount of pain.
What do you do? As highlighted earlier in this story, call, write, and fax your political reps, or sign petitions like those over at www.tickerforum.org complaining about these abuses of power. It may not help, but it can not hurt. If you are an investor in the markets, complain about the manipulation to the SEC as much as you can within legal limits. But at the same time, I would hunker down expecting the worst and praying for the best. Right now there is a smokescreen being deployed and the election can not come fast enough for the elites to confuse and distract the critical eye cast now on the financial markets. This system, our political and economic one, needs some disinfectant. Or as this editorial is trying to drive home, one hell of a lot of bug spray. We must stop this game now and get rid of the “Killer B’s” and their control over our future. Otherwise, the complaints you hear in the near future might be your own. And the “B” stings this nightmare could inflict will leave you a debt ridden collapsed pile of Jello for the rest of your adult life.
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Posted in Old Posts at 4:06 am by Administrator
by John Galt
April 20, 2008
Mike was stunned when his wife and kids accepted the offer to “get out of Dodge” and make a run for it. The “Springfield Slaughter” was all it took for the kids to be totally terrorized and the wife to finally say “okay prepperboy, you were right!” The FEMA food lines in Springfield, MO where over three thousand people deep and when the food ran out a riot ensued. That was met, of course, with harsh action from machine gunners surrounding the area and two Cobra helicopters which quickly dispersed the crowd by killing several hundred civilians in less than twenty minutes of action. The civilians who lived outside of Joplin, Kansas City or middle Missouri have no clue as to what happened but the word of mouth express made sure the word was spread. What was worse was the absolute cut off and censorship of the Missouri media and the internet being shut down. Well, the wife was finally convinced that “holding out” was the stupid strategy and she agreed it was time to make a break for it.
Mike had the “connections” to the now outlawed ‘Patriot’ community that he had met online and that put him in immediate danger. He knew he was just an observer, but the the fact he viewed websites and listened to the radio shows put him on a list as several now absent broadcasters warned when the system crashed in 2009. The new Department of Federal Information (DFI) insured that only the news that was screened and deemed “acceptable” would be all that was dispersed to the sheeple. Considering America’s current situation with German troops protecting the U.N. in downtown New York, that was all he needed to know to get the heck out of town. Mike went down to a friends home he had made connections with on the other side of town and asked him how he was supposed to leave town. This friend said he would arrange a meeting which of course made Mike nervous that he was a FBI plant, but it was too late now, the die was cast.
Mike arrived at the meeting expecting something from a bad 1940’s spy movie but instead was greeted by his contact’s wife who offered lemonade and cookies and the apologized for not having more to offer. Mike was stunned and politely said, “no thank you” and waited for her husband code named “The Turk” to walk out. When he did, he was wearing two pistols in shoulder holsters and there was someone else standing in the kitchen with an AR-15. “Do I call you Mr. Turk?” Mike asked, obviously nervous. The Turk replied, “Turk is fine. So why are you here and if the answer is wrong, the meeting ends now.” Mike stammered “my wife was questioned at her work by Homeland Security and the local police. She fears we are about to be rounded up after I’ve been warning her this had been going on for over a year.” The Turk glared into Mike’s eyes, checking for sincerity and uttered “why didn’t you leave before the new visas were created?” Mike nodded in an embarrassing fashion and uttered “we never thought it could get this bad.” The Turk seemed satisfied with the answer and said “come with me.” Mike was lead downstairs into the basement with the Turk in front and the guy with the AR two steps behind him. The Turk started barking instructions,”Here is where you are to come exactly 7 days from today. Bring only two days worth of clothes, all of your identification papers, banking papers, insurance papers, everything. Leave nothing for the authorities to find as I have to erase you from the system as much as possible. You have to bring me five ounces of gold for each person to travel with you. You will depart north on the Arctic Express escape route then. Do you understand?” Mike stammered out “5 ounces! That’s almost $20,000 for the four of us to make the trip! Where am I to get that?” The Turk replied “that’s not my problem and you only get one shot at this. You are either here in seven days with the money or forget about it.”
Mike left knowing it had to be done. Seven days later, after selling almost everything he owned he was fearful that the fire sale tipped off the authorities. When his family pulled into the driveway of the Turk’s home, the wife came out and motioned him into the garage. They hurried Mike and his family into the basement then into a storm shelter hidden off the side of the basement. “Here’s some food and water. You have to remain down here for forty-eight hours. Did you bring the gold?” she asked somewhat nervously. “Yes, I followed all the instructions, do you want it all now?” Mike asked. “Yes, so we can get you out of here, things are a lot worse now” the wife replied.
The Turk opened the door slowly and asked Mike to bring everything to him and show the papers and more. “We will repaint and renumber your car. In this manila envelope are your new identities, your passports, and tickets to New Zealand. Memorize everything without fail as you will be questioned several times before you land in New Zealand. You will be driven up to Des Moines the morning after next at 4 a.m. I will ride with you and then we will drive nonstop from there so have your family ready to go. You’ll move in four relays every two hundred miles. Once the last relay occurs and the driver tells you to open your paperwork, you give him the blue envelope and pass the ID’s out to your family. Smile a lot and look normal as you are now Canadian citizens. Have a safe trip and good luck.” The Turk nodded to the family and walked away. The prolonged period of isolation from the news did not help his family’s feeling of unease.
When 0400 arrived a few days later, it was a blessing. A tired but eager family looked the Turk in the eye with that puppy dog look of fear and he said with a chuckle “good day, Eh?” That lightened the mood a bit as they headed into the car and drove away. The Turk took the wheel first telling us all to relax and hang tight as it was going to be a long day. As the Turk hit the first checkpoint the test of the new IDs was upon us and thankfully the State Trooper returned to the window and said “have a nice day” and that was that. The Turk smiled and said to us “don’t get comfortable, it’s the Minnesota stop that worries me.” After changing cars and getting a new driver, the Turk said he was heading home with the car. The new driver, Bill, said it bluntly, “look, I’m all business, do what I say and no one gets hurt. The border crossing is tough enough for one person but an entire family raises red flags. When they demand the DNA sample, do not argue, just do it, smile, and move on.” As we saw the skyline of Des Moines disappear as we moved north, the unease of the situation hit Mike. “Here I am, surrendering my family’s future to a total stranger” Mike thought to himself. And despite all of Mike’s concerns, this new driver Bill got us through. The next morning his children woke up to see the sign for the airport in Winnipeg and everyone seemed relieved. Bill started to pull up to the departure area and passed one more envelope to Mike, which contained one way tickets to New Zealand, a blessing and relief for everyone.
As Mike checked in for the Air Canada flight to Vancouver then on to Wellington, the family started to loosen up, realizing they were soon to start their new life. It was a strange feeling for them, now suddenly becoming “Canadians” to escape a land they used to call home. Now as the plane went wheels up and the airport vanished beneath the clouds, the relief sunk in as the flight attendant handed out snacks and water. After enjoying the usual airline snacks, Mike suddenly felt the urge to take a much needed nap as did my wife and kids. As the kids started to sleep and his wife curled up in her seat, he reclined back and like many passengers drifted off as some horrible movie in French was being played and did not want to see nor hear any of it.
The “thud” of the wheel’s touching down made Mike think that the hop to Vancouver wasn’t so bad but the shocking realization that his hands were restrained with those plastic zip seals the cops used and his mouth was taped up set off a wave of panic. As Mike looked around the plane, everyone had the same look as he did. His wife and kids were crying and the tears streaming down the pieces of tape covering their mouths. They were restrained also and then the announcement which stunned them all was made:
“All of you are under arrest under Homeland Security Article 8, Subsection 196″ the voice boomed out. Mike began to panic inside as the rumor of Article 8 was the reason he wanted to flee; it gave the HSA unlimited authority over detractors, traitors, violators of the Fair Business Act, and anyone who spoke against or fled from responsibility or service to the government. The voice continued, “You will be separated by age, sex and historical files upon departure. Any resistance will be dealt with immediately. Children will be removed off the plane first. Followed by all women over age sixteen, then all men over age fourteen. Please cooperate until you are boarded on to your assigned bus. You are now on a military reservation and escape is not possible. Thank you.”
Ah yes, a long brewing story that I really had a hard time ending. This is not about government oppression, rumored or real. This is not a “Constitutional” op-ed, or fiction designed to stir up feelings of hate against one group or another. This is to cause you, the reader, to focus internally. The difference between this Prepetorial and all of the other ones that have been penned is that your author, that would be “me”, had a hard time concluding the ending to get the point across. The point is simple:
Do not depend on others unless you implicitly know and trust them.
I could go into story after story throughout history of people betrayed by friends but is that important now? To tell the stories again of historical figures betrayed by mentors and friends? IF you are willing to put your family’s lives in the hands of total strangers, then YOU had best be willing to either accept the consequences of a bad decision, or have gotten off your lazy butt to do the due diligence about the other souls to insure YOUR family is not in danger. The story could easily have been about a criminal operation, killing the parents and selling the children off into slavery. It could also have easily been a trap where the money was stolen and the entire family killed. The reality of the story above is that it would not beyond the pale to imagine a multi-nation operation which is designed to capture people who wish to flee in such an environment. Would a new “North American Union” undergoing internal strife in any of it’s nation’s want people to flee to tell the outside world how horrible conditions are? No, it would be a propaganda disaster. And considering the myriad of paths our political elites could choose in the years ahead, it’s not a reach to assume they would want anyone of working age to remain behind and produce in any capacity, be it a blood donor, organ donor or day laborer to keep the machine working, the Constitution be damned. But I digress from the political venting and back to the basic point. Review everyone and anyone who claims to be a “helper” of your family in the trying times being endured now or in the future. The person who claimed to have the key to escape via the fictional “Arctic Express” escape route via Canada could easily be a double agent for the government. This is why friendship, life long friendships, are important to develop when you can. That, if some of you may ask, is why my circle of friends is very closed, and very tight. It is not that I don’t want to add more friends, nor have a lot of friends; God knows I’ve made many online via the message boards and the blessing of the radio program I work on with Steve Quayle. It’s that you have to choose those “close” friends carefully in times like these. Please, I beg of you, do your due diligence and most of all, protect your family first. Do not leave that responsibility to others.
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04.16.08
Posted in Old Posts at 9:08 am by Administrator
By John Galt
April 16, 2008
You know it’s going to be a long year when you see this guy, uh yeah, him, Robert Hawkins from “Jericho” move in next door to your house. Immediately you think ” do I have all my preps in order and just how do I survive like the TV show?” Please folks do not prep like life is a television show. Will you have to get ready for a nuclear attack? Do I have enough food? Will my credit card work? Have not a fear my friends. Your friend, this author has the ability to add a “nomics” suffix to darn near anything (ugh, banksternomics….some other time) and try to throw a theory or idea to the wall to make it stick. In the television show “Jericho” the idea of a terrorist attack isolating a small Kansas town is not that far fetched. What makes it interesting is the politically correct Columbia Broadcast System interpretation of how events will unfold. Despite the fantasy of the Obamaconomists, the nation would not implode immediately and beg to become a communist utopia. The average citizen would adapt, with the notable exception of Paris Hilton, and seek a normalization of commerce in very short order.
(Cheap tacky publicity stunt to insert Paris Hilton’s photo)
Back to the article now. You see people (the plural) think that the government will be the saving grace for the future but alas, good old Katrina dispelled that theory about 100 HDTV’s later. The thought of issuing FEMA credit cards to average schmucks sounded good in an ivory tower, but in reality it didn’t work so hot. And some of what I would call above average citizens without corporate sponsorship who attempted to enter the disaster area without FEMA’s blessing found their goods and firearms confiscated because the private sector is only allowed to help when they are sponsored or can cut through the red tape of government bureaucracy. You and I can not afford this problem when it hits (or if still). So what is one to do. Back in the days of the ancients the common currencies were salt, silver, and gold. Amazingly some 5000 years later, we still value silver and gold and most people take salt for granted.
Phoenician Silver Didrachm of Tyre, circa 360 BC era
This leads the modern man to a dilemma; what does one do if they are not to get a FEMA card and actually out on their own? Does commerce stop? No, not unless everyone is dead or dying. Do we wait for the government? Only if you want to starve to death or have civilization cease to function. So what does one do? You barter. And for all my friends who do not understand the concept, it’s the same as our stock market but in a slightly different form. You offer an item in whatever quantity to obtain an item in whatever quantity or service or vice-versa. If we do suffer a series of 9-11 style attacks and the country shuts down you had best have some idea of value or you might trade 2 ounces of silver for one dozen eggs. While that might sound good if you’re dying for an omelet, it’s a sucker’s trade. Use your head, negotiate and be friendly. Most of all develop a circle of friends that you trust.
As you can tell from the mainstream media, there’s been a lot of “advice” offered on how to survive as times get tough. Just for laughs, I’ve watched some of the so-called shopping networks and shows that seek to promote anything as “insurance” for the possible hard times ahead. There are some rules all of us have to live within and the first one might strike someone as surprise:
Collectible coins are only good as an investment if we are in a period of economic stability.
But the guy with the slick haircut and sales pitch said those state quarters would be a great insurance policy if the world ends you say? Uh, no. I will sum this up in the bluntest of terms possible so you understand. Remember in previous posts on this blog where I discussed the concept of a flea market trading in food, livestock, goods and services outside of a government controlled commerce system? Show up at any barter market like that or heck, at my house, with a slabbed MS-67 or PR-70(in photo) American Buffalo 1 ounce gold piece and try to barter.
You’re going to try to convince the guy selling the rifle (which would become priceless in such an event) who is asking for two ounces of gold in trade that your coin is worth that. The reply wold be quite simply that you have a petrochemical encased one ounce piece of gold and if you had one more you could buy the rifle. You see in the ultimate breakdown in societal organization and the end or the credit based fiat money system of commerce “things” actually retrace back to a valuation determined by the common region and on hard assets. The idea that five quarts of motor oil equal three packs of cigarettes isn’t that foreign. For centuries salt served as a basis of trade between people and nations as did bags of silver or gold powder in the old West. Do not think for one moment that a numismatic coin is going to mean any more than the content of the silver or gold within that coin when it comes to trade for survival. Thus why the emphasis on obtaining a broad base of silver and gold in various sizes and denominations for your storage is essential.
To help guide you along in this idea, I’ve developed a spreadsheet with some average prices for goods in a barter environment roughly based on current prices. No matter what the price evolves into based in dollars in the near future, these trading valuations can be traced back to bottom line values of gold or silver. As in the television show Jericho, you’ll see that there will be variations but the main thing is that you use this as a guideline, not a hard and fast rule. I hope this helps everyone to think about the preps and just what is and is not going to be valuable. The bottom line is that besides your own personal stores, you had best start thinking outside the box with regards to currencies. Gold and silver first, tradeables and staples next…..
Note: I’ve added a link with a printable view and instructions here….hope that helps everyone.-John
Ok, another note: I left off the Unit of Measure for Silver and Gold, which has been pointed out in several emails; I’ll reconstruct the spreadsheet, convert it and update it accordingly in the thread; it is in ounces…-John
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04.13.08
Posted in Old Posts at 3:26 pm by Administrator
And for once, it’s not just illegals, heroin addicts, and AIDs infested hookers enjoying the socialist trough finally. The “truly needy” are getting some of that much needed money I work so hard for every year to mail on April 15th.
Here’s just a few of them….
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04.11.08
Posted in Old Posts at 1:53 am by Administrator
Thank you Google Trends research….for the phrase “economic depression”….
Wow.
Click here for breakdown of results by state, etc.
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04.08.08
Posted in Old Posts at 1:38 am by Administrator
Gang, I do not know what went bump in the night but in less than one hour the dollar went DOWN 25 points and STRAIGHT DOWn…something just happened. As I get details, beyond the surge in the Euro, I’ll update everyone…
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