Latest 2011 Gold and S&P prediction… not what you think

The end of 2010 is rapidly approaching and the pundits and commentators continue to make their 2011 market predictions. I for one believe predicting future market moves is a futile endeavor where if you are right one year later you are viewed as a sage; if you are wrong nobody seems to remember or care.

In fact, I try not to read any predictions for fear that it might place a bias in my subconscious. I am a trader and thus have no need for emotions, bias, or opinions when trading. I try to stay away from the media and the pundits as often as possible.

With that being said, the managed money crowd will be finishing up their window dressing and the performance anxiety of 2010 will slowly shift to assessing their portfolio risk and making appropriate adjustments for the coming year. Based on current market sentiment it would make sense that most money managers are bullish as cash levels remain quite low when looking at mutual funds and institutional money managers’ portfolios.

S&P 500

The S&P 500 is extremely overbought in almost every time frame and headline risk remains high. At current price levels I would not be interested in being long the S&P 500, in fact I would likely be taking some money off the table before 2011 rolls in.

I think opportunities are going to present themselves in 2011 for outstanding longer term entries into the equities market, however a disciplined approach will be required. Headline risks such as continued monetary and fiscal issues in the Eurozone, municipal budget concerns and potential defaults, potential for rising interest rates, inflation / deflation, and rising energy prices to name just few. Unfortunately some, if not all of the headline risks listed above will likely come to pass. Having fresh capital ready to deploy and developing a trading plan ahead of time for solid entry points will likely lead to a positive trading outcome in 2011.

I believe there are going to be some outstanding trading setups in 2011 regardless of market conditions or economic factors, but in order to be prepared we need to have trading capital available and a trading plan prepared. The weekly chart below illustrates some key support levels on the S&P 500 e-mini contract.

At some point in the future, the S&P 500 is going to suffer from a correction and I intend to be prepared to take advantage of lower prices in my longer term investment accounts as well as in my short term option trading accounts. While I am generally a contrarian when sentiment and bullishness are this high, deep down I am hopeful that the economic recovery continues. However, I am not blind to believe that the worst is over and it is smooth sailing from here. There is nothing about financial markets that is ever easy, and when the directional bias is this strong I tend to step back and develop contrarian strategies just in case the crowd is wrong.

Oil

I try to stay away from opinions and focus on facts when conducting analysis regarding financial markets. However I am going to break my rule briefly to point out that in my humble opinion, the single largest threat to the U.S. domestic economy is not unemployment or housing, but energy. If energy prices continue rising, it causes nearly everything to rise in price in the United States as producers and manufacturers pass down rising fuel costs to the consumer. Essentially we have leveraged the ability to support our substantial population and tremendously high standard of living with the ability to use cheap and plentiful oil.

Some of the reasons that oil prices could rise have fundamental and technical foundations. From a fundamental standpoint, supply appears to be declining and will continue to decline going forward unless some oil fields that are currently unknown are discovered and make available immense supplies of oil. Additionally, the basic principles of supply and demand are present as emerging market countries are needing more and more energy to keep their economies growing and to satisfy the concurrent rising standard of living. Countries like China, India, and Brazil are only going to see their need for energy increase and other countries in the world need to recognize that demand is rising and supply is falling.

While the argument among economists rages on regarding inflation versus deflation, if inflation were to rise suddenly this would also be bullish for energy. Most investors may not have considered that oil prices are over $90/barrel and the economy is relatively sluggish. Where would prices be if the economy were to boom in 2011?

From a technical standpoint, the Great Recession pushed oil down from the all time highs in 2008. Many economists believed that the rise in oil prices is what really caused the market to crater in early 2009. If we view a weekly chart of oil, it would appear that we are continuing to trend higher and that in the longer term this trend will likely persist.

I would be shocked if oil prices do not reach at least $100/barrel in 2011. Some analysts are saying that it could reach $115-$120 by the summer and could probe all time highs as early as 2012. The fundamental and technical analysis is mutually supportive and in the longer term I think rising energy prices is not only a near certainty, but also a major threat to the global recovery.

Gold

The recent pullback offered a nice entry around the $133/share on GLD. In full disclosure, I purchased GLD around 133.25 and sold a slew of naked puts on silver and gold which I have closed for solid gains. Argument surrounds gold and silver as economists bicker over whether we are going to see hyperinflation or deflation in 2011. I for one do not know or claim to know. What I do know is that gold appears to be nearing a final wave of buying which could push it to all time highs.

However, I do believe without question that the volatility in the price of gold is likely to increase dramatically. Large price swings are likely in 2011 as headline risks will drastically impact the price of gold and silver and cause volatility to increase. While this is somewhat speculative, the various headline risks in Europe and in the United States will have a significant impact on precious metals prices.

Gold continues to trend higher and fighting the trend makes little sense and could be a great way to lose precious trading capital. I will continue to play the rising trend until it fails which at some point in the future is inevitable. Neither gold, nor any other asset can continue rising forever. A pullback at some point is not only likely, but would be healthy. Obviously gold remains in a bullish uptrend as illustrated by the weekly chart below:

I do believe that gold is a solid hedge against currency risk and higher inflation based on recent price action, but I am not willing to buy into the world is ending philosophy that many gold bugs envision.

I do not believe that the entire financial construct will fail and that a barter system will be created with gold becoming currency. Through a variety of emails from all over the world I have been presented with all kinds of analysis and data that all fiat currencies fail, that gold is a store of value, and that gold will protect investors from currency manipulation and inflation. While all of these things may be true, I am unwilling to abandon hope for peace, prosperity, and a better future.

Conclusion

I am optimistic about the domestic and global economy in the long term. I believe that great opportunities for long term investment will be offered in 2011 and I intend to take advantage of the price action. I am an options trader at heart, but in the end I am an eternal optimist. Being pessimistic is not only depressing, but it offers very little in the form of solutions. Consequently an absolute pessimistic forward looking view serves to only create biases that are not conducive to success in financial markets. Let’s forget about predictions and pundits and focus on what really matters – price action

For more Great Advice, click here.

What Really Moves the Markets: News? The Fed?

By Elliott Wave International

“There is no group more subjective than conventional analysts, who look at the same ‘fundamental’ news event a war, interest rates, P/E ratio, GDP, economic policy, the Fed’s monetary policy, you name it and come up with countless opposing conclusions. They generally don’t even bother to study the data.” – EWI president Robert Prechter, March 2004 Elliott Wave Theorist.

If you watch financial news, you probably share Bob Prechter’s sentiment. How many times have you seen analysts attribute an S&P 500 rally to “good news from China,” for example — only to focus on a different, supposedly bearish, news story later the same day if the rally fizzles out?

You need objective tools to make objective forecasts. So, we put together a unique resource for you: a free 118-page Independent Investor eBook, where you see dozens of examples and charts that show what really creates market trends.

Here’s a quick excerpt. For details on how to read the entire Independent Investor eBook online now, free, look below.


Independent Investor eBook
Chapter 1: What Really Moves the Markets? (excerpt)

Action and Reaction

In the world of physics, action is followed by reaction. Most financial analysts, economists, historians, sociologists and futurists believe that society works the same way. They typically say, “Because so-and-so has happened, such-and-such will follow.” … But is it true?

Suppose you knew for certain that inflation would triple the money supply over the next 20 years. What would you predict for the price of gold?

Most analysts and investors are certain that inflation makes gold go up in price. They view financial pricing as simple action and reaction, as in physics. They reason that a rising money supply reduces the value of each purchasing unit, so the price of gold, which is an alternative to money, will reflect that change, increment for increment.

Figure 4 shows a time when the money supply tripled yet gold lost over half its value. In other words, gold not only failed to reflect the amount of inflation that occurred but also failed even to go in the same direction. It failed the prediction from physics by a whopping factor of six, thereby unequivocally invalidating it.

Investors who feared inflation in January 1980 were right, yet they lost dollar value for two decades… Gold’s bear market produced more than a 90% loss in terms of gold’s average purchasing power of goods, services, homes and corporate shares despite persistent inflation!

How is such an outcome possible? Easy: Financial markets are not a matter of action and reaction. The physics model of financial markets is wrong. …

Cause and Effect

Suppose the devil were to offer you historic news a day in advance. … His first offer: “The president will be assassinated tomorrow.” You can’t believe it. You and only you know it’s going to happen. The devil transports you back to November 22, 1963. You short the market. Do you make money? …

[…continued in the free 118-page Independent Investor eBook]


Read the rest of the eye-opening report online now, free! All you need is a free Club EWI profile. Here’s what else you’ll learn:

  • The Problem With “Efficient Market Hypothesis”
  • How To Invest During a Long-Term Bear Market
  • What’s The Best Investment During Recessions: Gold, Stocks or T-Notes?
  • Why “Buy and Hold” Doesn’t Work Now
  • How To Be One of the Few the Government Hasn’t Fooled
  • How Gold, Silver and T-Bonds Will Behave in a Bear Market
  • MUCH MORE

Year End Stats of 2010 at PoliticalByline.com

It is that time again. Time to take a look at what were the top postings of 2010.

It is important to remember that this was a down year for this blog. I just have not had the drive to post like I was back in 2009 and 2008. The mid-terms were a bit interesting, as was the passage of the health care bill. However, I just did not have that drive that I did back when I first started this blog.  I think it just has to do with the fact that my main reason for beginning to blog, that would be the Presidency of George W. Bush.  Not to mention the Bush Administration’s handling of the invasion and occupation  of Iraq.  Now that the Bush era is over, I really do not have a good reason to continue this; Yes, Obama’s White House is just as bad, if not worse. However, I just cannot muster the outrage towards the man, that many on my far right feel towards the man. Most of it, when one is really being honest is racially based. I mean, I do not remember the right being this hot and heavy against Bill Clinton. It was there, do not get me wrong — but I do not remember that this level.

Anyhow, I will still be around, I do not plan on going anywhere. I will not allow my political foes to win. I will stick around and continue to give you my feelings on things.

Having said all of that, here are the top postings and pages for 2010:

PAGE OR POST ——————————— Hits:

Home page 19,038

Considering the fact that I do no advertising on this blog at all. That is not a bad number. I really do not get linked here at all. I even had one so-called Conservative Blogger dump on me big time and basically toss me under the bus, because some of Michelle Malkin’s fanboys put the pressure on him. He knows who he is, and “You reap what you sow” I always say…

The rest…:

Hell Hath No Fury 13,665
The Tea Party Movement’s New Anthem? 10,535
The Reading Room: RECENT PENTECOSTAL SCANDALS 5,595
Yes Please: Ron Paul says Wikileak the Fed! 5,401
UPDATED — Local News: Jennifer Petkov is a damned low-life scumball Facebook Pulls Page, read the update please. 5,004
Happy Thanksgiving! 3,821
Fatty this 3,164
September 11 – 8 Years later – Remembering Melissa C. Doi 2,303
The United States Marines is 234 years old today 2,045
BREAKING NEWS – 7.0 quake hits Haiti 1,850
About Me 1,747
One of most best de-motivators ever! 1,595
SEIU Thugs Beat Black Conservative Activist Update: New Footage Added 1,578
Beware of Gail Riplinger 1,390
On Rush Limbaugh’s Comments about Haiti 1,302
War Porn Video: Second Battalion Seventh Marines Fox Company in Zad, Afghanistan 1,175
Bleh…. Another Stupid Hot Conservative Women Meme 1,136
Justice: Maryland Cops who beat John McKenna will be FIRED! 1,076
UPDATE:Charles Foster Johnson extends his Blogger McCarthyism to me – Lord Chuckie responds and beclowns himself 1,068
UPDATED – Local News: FBI Raids Christian Militia-related group in MI, OH and IN 1,062
Two Words: Fuck Canada 1,056
Lies, Damned Lies and more Lies 997
Political Cartoons – Rev. Wright and Obama 989
Local News: Jennifer Petkov apologizes to family that she mocked 976
FREE PUSSY PICS! 910
GUN OWNER ALERT!: EPA Considering Ban on Traditional Ammunition VICTORY! EPA BACKS DOWN! 849
Video: New Footage shows Haiti Earthquake as it happened 827
D’oh!: Fox News royally screws up and gets poked in the eye for it 818
UPDATED: Memo to Charles Johnson: What do you honestly expect? The Plot thickens! 793
UPDATEDBREAKING NEWS: Multiple bombs found on various planes coming from Yemen 733
Updated-D’oh! – ACORN Slayer James O’Keefe busted for trying to tap Democratic Sen. Mary Landrieu’s phone – Conservatives react 729
Remembering Pearl Harbor – December 7, 1941 672
Updated: Scum of the week: Roseanne Barr – Barr Links..to me? 660
You think it is bad now? Wait till the States start collapsing! 607
Update: Socialist liberals use Detroit attempted Terrorist attack to sound the horn to cut and run 596
UPDATED! — Unbelievable: Juan Williams FIRED from NPR, for speaking the truth Juan Williams responds! 573
Updated: From the Dept. of Socialist Democrat Reactionary Politics 556
The New York times whines about not having enough graphic war images 549
Jennifer Petkov, the gift that keeps on giving 548
18 Myths about Obamacare Debunked by Jane Hamsher 546
Video: Lock and Load Show: Accuracy International AW.308 534
Video: Finally: Sarah Palin gets confronted by real Americans Update: Palin Responds, Beclowns herself as usual 532
Gun Porn: CZ 75 SP-01 Phantom Review 523
Happy Resurrection Day 2010! 501
Glenn Beck interviews Sarah Palin 471
President Barack Obama and Fox News’s Bret Baier politely spar over Healthcare and Foreign Policy 449
Local News: The Kathleen Edward saga continues 446
WTF?!?!?!: I am all for being really happy at weddings, but…… 437
Updated: And so, it begins? 436
Political Cartoons – Corn Prices and BioFuels 417
Here we go again: Canada’s Human Rights Commission is going after another Blogger 416
Progressive Fat Assed Idiot Michael Moore says Capitialism is evil 415
BREAKING NEWS: Air Marshalls stop attempted ‘Shoe Bomber’ on flight from D.C. to Denver 413
Could this be the actual Birth Certificate of President Obama? Update: It’s Bogus 408
UPDATED: Anti-American Journalists embed with terrorists, get killed, and Liberals whine about it 406
FEMA Coffins Conspiracy theory debunked, By a Conspiracy Theorist Website 406
<b><i><u><font colo 402
What I HATE about this new Healthcare Bill 400
Babe of the Day 398
Babe of the Day: Melissa Satta 395
Hundreds show up on St Louis, Mo to protest thug actions of the Union 392
UPDATED: Photo of the Day 383
Why I totally reject the so-called “Warning” from David Wilkerson 382
The Glenn Beck Rally: A Massive Capitulation to the Black Race or a Massive Mormon Recruitment Scheme? 379
ACTION ALERT!: Sarah Palin HATE GROUP on facebook 372
Gun Porn: Army Chrome Glock 17 361
The Feckless Far-Right: Exhibit S for Stupidity 359
Guest Voice: A TIMELINE OF 20TH CENTURY APOSTASY by David Cloud 359
Keith Olbermann’s Sexist, Racist & Slanderous Segment on “Countdown” 352
No, I am not a god-damned Neo-Nazi 346
May I go on the record as saying that this here is straight up BULLCRAP? 344
BREAKING NEWS: Michael Yon arrested at Seattle airport 342
UPDATED! – Obama’s visit to Mumbai, India.: 34 warships, security up the wazoo and….. No Coconuts?!?!?! 338
Babe of the Day 336
Video: Jack Cafferty rips on Obama and Pelosi?!?! 332
America tries to help Haiti, gets accused of occupation 331
Somebody Please! Turn the Stupid Machine Off! 323
There goes Rand Paul’s chances of getting elected 322
Possibly the greatest political t-shirt ever made 322
American Furkan Dogan among the terrorists who attacked IDF 316
UPDATED: Black Racism in the Obama Administration: Exhibit A – Shirley Sherrod Sherrod resigns – Update: Video didn’t tell full story. 309
Google Says to China, ‘If you keep hacking our servers, We will leave China’ 306
Obama double talks on Iran 305
UPDATED: Gulp: This does not look good people 297
Contact Me 296
Liberal Buffoon Joy Behar Disses Home Schooled Children 295
Why do Conservative Republicans and Christians say stupid stuff like this? 294
Townhall questioner to President Obama: ‘I’m Exhausted Of Defending You’ 292
BREAKING NEWS: Former Detroit City Councilwoman Monica Conyers Sentanced to 37 months in prison for bribe scandal 290
The Ed Brayton war is over, please. 289
UPDATED: Liberal “Comedy” insinuates that Glenn Beck should die 287
From the “WTF?!?!?!?” File 283
UPDATED: Memo to Fareed Zakaria: Overreact this you jackwad twit 282
The Classless Left: Exhibit JH for Jewish Hatred 282
Suspected Drug Dealer’s House gets raided, Liberals Angry 281
Editorial: Withdrawing support of Christine O’Donnell 281
Comment Policy 280
Uh-Oh: Looks like Christine O’Donnell is not what we might think 278
If Rachel Maddow does not retract this statement, she should be FIRED! 278
White Seattle Teen beaten by Asian and Black Teens 275
Awesome Video: Montage of Military Reunions 273
Video: The Day Obamacare Died 272
Oh My: America Rising? 270
One of the sad side effects of 9/11 and War, Military Crimes 266
Sweet: Lesbian Prison Gangs looking to get some of that LiLo Action 265
Video: Unhinged Black Democrat 264
Giggle of the Day 263
Norman Rockwell, A Coward? 262
Humor: South Park – You have zero friends 261
Andrew Sullivan, Trigg Palin, and Disabilities 260
Updated: Why was this man murdered? 256
Video: Bill Maher calls Republicans “A Deadly Enemy” 251
Video:Megyn Kelly and Kirsten Powers holler at each other over the New Black Panther Party 250
From the “WTF?!?!?!?” File: There are no words for this people 248
The Obligatory Conservative Babes in Mink Coats Posting 243
You tell me the difference between these two quotes 243
About that Stupid Ron Paul – Obama Poll 243
Why do Conservative Republicans say stupid stuff like this? 237
Answering Laurence Vance 237
Yes, Iran does hate us and they have reasons too 236
Cocaine use, in the White House? 235
Obama says, “Don’t ask no questions” 234
Obviously, I am in the wrong business 234
Republic vs Democracy 234
Is this man impersonating a Military Officer? 233
Navy Seals in trouble over supposedly punching a terrorist in the mouth 231
UPDATED: Interesting: Remember that Firebombing of Rep. Russ Carnahan’s office? Rep. Russ Carnahan admits it was Chris Powers that did the dirty! 228
About this Blog 228
A bit more on the Gun Scopes and Bible Verses 223
Humor: Growing Up Without a Cell Phone 222
Obama Poll numbers are slipping on Healthcare and other issues. 221
Germany is learning a lesson, that America will learn one day. 220
WHOA!: World’s Strongest Playmate? 220
Elvis and Michael Jackson found alive! 220
Here is a perfect reason why I will never vote Democrat again, ever 219
Glenn Beck launches The Blaze 218
Video: Black Leftist Attacks White Reporter Covering One Nation Rally 218
George Washington could not tell a lie, but Glenn Beck did 216
May we never forget: Pearl Harbor – December 7, 1941 216
Canadian Premier comes to America for Heart Surgery 215
Bill O’Reilly interviews President George W. Bush 214
Sarah Palin can forget about ever being President, her kids are out of control 214
Video: No Guns for Negros 214
Hamilton Nolan – Liberal Asshole of the Week 214
UPDATED — BREAKING NEWS: FORMER DETROIT MAYOR KWAME KILPATRICK & OTHERS INDICTED ON LITANY OF FEDERAL CHARGES — Video of Press Conference Added 213
Libtalker idiot Mike Malloy jumps the shark 212
UAW Local 2244: The Other Side of the Story 211
Military Scopes being sold by Michigan supplier have Holy Scriptures references on them, liberals horrified 209
The G.O.P’s “Pledge to America” is nothing more retread Neo-Conservative, Theocracy nonsense 209
UPDATED: The Classless Left: Exhibit D for Desperation – Liberal Bloggers say the idea is stupid 208
UPDATED: I know Michael Moore is an idiot, but this is Awesome 205
How come the media is not reporting this? — FBI links shooting at Marine Corps recruiting station to 2 others 204
On Michelle Obama’s trip to Spain: Let me ask one question 204
Steve Wynn on the State of America 203
Welcome to my world! – 60 Minutes Admits Unemployment is Actually 17%, 22% in California 201
Military Humor 200
Want further proof that Muslim’s ar 199
Police State: Seattle Cop Beats 15 year old Girl For being “Mouthy” 199
News from a Fundamentalist Christian perspective 198
Cartoons of the Day 197
Jeff Kuhner takes it to another level: Kill Julian Assange 197
Memo to Sarah Palin: Please, Shut up 197
Black Racism is not a myth 195
Smartest damn thing Keith Olbermann has ever said on twitter 193
It is official: Lisa Murkowski just wants to be spanked 193
Behold the Anti-White Anti-Conservative Bigotry of the Democratic Party 192
Updated: Did Obama knowingly allow Al-Qaeda Terrorists to attack the United States? New Info 189
Obama Says: “I do think at a certain point you’ve made enough money” 189
Chris Matthews just jumped on Keith Olbermann on the Air! 188
Jon Stewart NUKES the Democrats, Obama and Coakley 188
Georgia Oyster bar owner not telling the truth about being a racist 187
Backup Blog 186
Grrrrrrrrrrrrrr: Obama Trolls Disrepect the Flag of the United States of America 185
BREAKING NEWS: Van Jones Green Energy Czar for the Obama Administration has RESIGNED! 185
Sad News: Poland’s President and 88 Members of the Polish Government die in Plane Crash in Russia 185
Your Daily War Porn Video 185
Memo to Chris Matthews: Kudos, I Agree, and Thank You 183
Breaking News: Major Tanker Accident, Explosion, Overpass collapse 183
Updated: Pajama’s Media does a hit piece on Detroit – PJTV Allows racist comments on thier site 182
John Stossel takes on Liberal Propagandist Michael Moore 181
Lew Rockwell jumps the shark 181
WTF?: Starting to really wonder about Lew Rockwell’s Blog 181
Updated: Why I left the libertarian ranks: Exhibit A – Hatred of the United States Military 181
Why do Conservatives and Republicans Say and Write Stupid Stuff like this? 179
The Classless Left: Exhibit D for Death Wish 179
Updated: It is official, Keith Olbermann and MSNBC have gone off the cliff! 178
Oops: President Obama gets it wrong on the carpet 178
UPDATE: I think I could live on $15.50 an hour quite well 178
Video — Unreal: Former Oil Cleanup Worker says the clean up effort is all for show 177
Debbie Schlussel vs Pamela Geller 176
Updated: BREAKING NEWSATTEMPTED TERRORIST ATTACK ON PLANE BOUND FOR DETROIT BY AL-QEADA OPERATIVE WXYZ-TV SAYS SECOND INCIDENT HAPPENED AS WELL “DRUNKEN PASSANGER” GOES CRAZY – Washington Post Edits Story to make President look good 176
Oh.My.Gawd: Katie Couric gets her sex dance on 176
Cartoons of the Day 175
The Classless Left: Exhibit S for Stupid 174
Keith Olbermann’s Father Passes 173
Updated: President Obama tells Senator Kyl: I won’t secure border because then Republicans will have no reason to support “comprehensive immigration reform.” White House: Kyl’s full of crap 173
Babe of the Day 172
Sad News at Wizbang Blog 171

The top referrals of 2010:

There are many who link here and there are places that I submit my postings to, I thank everyone who has came, read and clicked an ad or two, it does help. :)

Referrer Views
pajamasmedia.com/instapundit 8,718
reddit.com 3,792
reddit.com/new 2,105
waxy.org 1,315
twitter.com 1,192
memeorandum.com 1,134
powerlineblog.com 1,089
reddit.com/r/politics/new 880
stumbleupon.com/refer.php?url=http://politicalbyline.com/2009/09/13/lies-damned-lies-and-more-lies/ 753
moonbattery.com 736
beltwayblips.dailyradar.com/story/latest-news-on-hati-earthquake 602
waxy.org/2010/08/memeorandum_colors_update 587
theothermccain.com 575
alicublog.blogspot.com/2010_01_03_archive.html 520
ace.mu.nu 488
google.com/reader/view 463
prolifeblogs.com 415
stumbleupon.com/refer.php?url=http://politicalbyline.com/2009/12/10/video-lock-and-load-show-accuracy-international-aw-308/ 404
twitter.com/PatinMichigan 401
google.com 389
littlegreenfootballs.com/weblog 336
reddit.com/controversial 294
reddit.com/r/politics 289
alan.com/2010/11/02/ratcheting-up-violent-rhetoric-in-the-twitterverse 284
stumbleupon.com/refer.php?url=http://politicalbyline.com/2009/09/26/obama-double-talks-on-iran/ 275
qrz.com/db 274
googleblog.blogspot.com/2010/01/new-approach-to-china.html 265
twitter.com/RightBloggerPat 259
dailyradar.com/beltwayblips/video/helen-thomas-mocks-gibbs-over-white-house-s-lack-of 251
hutaree.com/forum/read.php?12,356 238
alicublog.blogspot.com 238
beltwayblips.dailyradar.com/story/on-rush-limbaugh-s-comments-about-haiti-1 222
totalfark.com 218
wikio.com/themes/Jennifer Petkov 212
scienceblogs.com/dispatches/2009/12/dumbass_quote_of_the_century.php 205
daybydaycartoon.com 204
hotair.com/archives/2010/07/13/nuclear-war-megyn-kelly-vs-kirsten-powers-over-black-panther-case 200
roseanneworld.com/blog 199
twitter.com/home 190
scienceblogs.com/dispatches/2009/10/gribbit_weve_found_your_soulma.php 189

So there you have it, my referrers. Not all of them are friendly. But hey, that is politics, not everyone is going to agree with me. Even I know that. :)

Again, to those who still read here. Thank You so very much for your readership. Perhaps 2011 will be a more prosperous year for me. I will admit, this year, money-wise was not that great. I am still unemployed and prospects are not that great. I did survive, but, if it were not for my Christian parents, I would be so very screwed. :( I do not say that for pity or anything — I say it, because it is true. This is my reality folks and I know some would rather mock than help —- They have their reward, as Jesus did say.

There is a common misconception that ALL Conservatives are filthy rich or something to that effect. If only it were true. I am most likely the poorest Conservative Christian Blogger on the planet. Not by choice, but by circumstance — sometimes stuff just happens. I do not wallow in pity though, as I could much, much worse off. I have a roof over my head and three square meals a day. I also have a warm bed to sleep in at night. I also know Jesus Christ as my personal Saviour and I like to think that he is Lord over my life —- and that my friends, is ALL that matters! Everything else, is secondary. As long as you have Jesus in your heart, you are set for life. God never fails, and his word is settled in Heaven!

Some people ask why I even bother to continue this blog, even though 90% of the Conservative Blogging world has written me off. I will tell you why. Because as long as there are progressives out there that want to destroy our Conservative Christian values and want to impose on us a big centralized Government; liberty is threatened. As long as this is the case. I will be fighting this fight. Is it my “calling?” Eh, I do not know that to be a fact. But I do know that my blog does get read and that my opinion is being heard. Now, whether people like what I write and have to say, is another story. I do not claim to be the perfect “Conservative” and I am certainly not your average big Government liberal! I am just someone who saw wrong and decided to write against it. My politics have evolved much — but my commitment has remained the same — that is to be a uncompromising voice of reason in a world of political, religious and moral confusion. Which is what liberalism, whether political or religious, actually is. It is a Babylonian mentality. As Patriotic Americans, as Christians, we must stand up for what we know to be right. For that document called the Constitution. This is not a call to radicalism or violence, it is simply a call to be aware and watch.

Having said all that… Thank you and continue to read here in 2011. It will be a interesting year to watch!

-Charles Patrick Adkins

Owner

PoliticalByline.com

How Stupid: Hawaii Governor calls for release of Obama Birth Documents to appease conspiracy theorists

This has to be one of the stupidest moves that any Democratic Party member, who is an elected official, has ever pulled.

First the video: (Which comes via HotAir)

….and if this is not bad enough, now we have the schmucks over at MSNBC saying that the President should release his long form Birth Certificate: (Via HotAir…too...)

Visit msnbc.com for breaking news, world news, and news about the economy

The Story via the NYT:

HONOLULU — Gov. Neil Abercrombie of Hawaii, who befriended President Obama’s parents when they were university students here, has been in office for less than three weeks. But he is so incensed over “birthers” — the conspiracy theorists who assert that Mr. Obama was born in Kenya and was thus not eligible to become president — that he is seeking ways to change state policy to allow him to release additional proof that the president was born in Honolulu in 1961.

“It’s an insult to his mother and to his father, and I knew his mother and father; they were my friends, and I have an emotional interest in that,” Governor Abercrombie said in a telephone interview late Thursday. “It’s an emotional insult. It is disrespectful to the president; it is disrespectful to the office.”

The governor, a Democrat and former congressman, said he has initiated conversations with the state’s attorney general and the chief of its Health Department about how he can release more explicit documentation of Mr. Obama’s birth on Aug. 4, 1961, at Kapiolani Maternity and Gynecological Hospital. He said he has done so of his own accord, without consulting the White House, which declined to comment.

“He’s a big boy; he can take sticks and stones. But there’s no reason on earth to have the memory of his parents insulted by people whose motivation is solely political,” Mr. Abercrombie said. “Let’s put this particular canard to rest.”

Firstly, I feel the need to clear up some misconceptions that might exist out there, as to what Conservatives actually believe about President Barack Obama.  The good majority of the Conservatives have no qualms in believing that Barack Obama is a citizen of the United States of America via his birth in Hawaii.  We disagree with his politics, but we do believe his a citizen.  However, there are, what I like to call, outliers.  Those who are making a cottage industry of casting doubt as to whether Barack Obama is a citizen of the United States.  These are the very same people, who wrote some of the most idiotic stuff about Bill Clinton during his Presidency, most notably when Vince Foster was found dead.  Now, before anyone points to me — I will admit that I would like to see a long form Birth Certificate.  However, that is not the sole focus of this blog.  Not to mention the fact that after I was burned badly, by some dope purporting to have a Kenyan Birth Certificate of Barack Obama, which turned out to be fake.  I then decided that the issue was becoming a moronic one and decided that I no longer wanted to be associated with it.

Secondly, I do not believe for one lousy second that this is just some sort of “Good Samaritan” trying to preserve the Presidents parent’s memory or whatever it is that this man is claiming.  In politics, especially in liberal politics, everything and I do mean everything is a tactical maneuver.  Now as to what kind of tactical maneuver is where I will speculate a little.  It could very well be that the White House is trying to present this as a diversion while it tries to bring in end of life counseling back into the healthcare bill.  This is the one provision in the bill that was bandied around as death panels by those who, again, were making a cottage industry out of criticizing the President.  I also have an alternative theory as well — as you all know, Hillary Clinton fought and ultimately lost a very long and protracted battle for the White House, she ended up with a meaningless job as Secretary of State, who which it’s rumored she might be leaving.

Thirdly, the main reason why I object to this stunt is that it actually legitimizes the tin-foil hat conspiracy theory crowd.  I mean, my main thought here is — why bother.  Nothing anyone does will ever convince these idiotic people that President Barack Obama is a legitimate citizen of the United States.  It is, in fact, an exercise in futility.  Another objection that I have is this; why is taxpayer’s money being used to do something like this?  It just does not make any sense, at least on the normal level.

Perhaps it is some sort of political “Payback” for Hillary’s humiliation in the primary.  Perhaps this is a sort of a political payback for the President stiffing some of his base on pet issues like Gay Marriage and stuff like the Dream act.  It is very hard to tell at this point.  It could just be an honest case of someone trying to do a good thing.  However, knowing politics as I do —  I very much doubt it.

An Open Message to all those in the United States Armed Forces

The video in a second… But first….

A small commentary to all my readers. As you all know; I have not always agreed with the politics of the previous Presidential Administration — including the decision to go to war in Iraq. However, it was never personal against our Military — ever.

Having said all of that, I believe that this Nation’s Military is the very best. Our Men and Women of the United States Military are the brightest and best of our Country and when a political administration has come calling, our Military has essentially dropped everything and went and did their bidding — whether they agreed with the reasoning or not. For this, I highly respect our Military and honor the sacrifice that they perform, every time that they are called upon.

Having said all that, I Present the following which comes via The Republican caucus of the House Oversight and Reform Committee:

(Thanks to HotAir for pointing to the link originally….)

Long-Term Bonds: The Best Possible Investment? Think Again

A free Club EWI report reveals why bonds do not provide shelter from the storm
December 23, 2010

By Elliott Wave International

TREASURIES — the very name conveys a thing that is secure, protected, and will appreciate over time. Otherwise, it’d be called something like “TRASHeries” or “Mattress Stuffers.” Then, there’s the official seal of the US Department of Treasury: its image of a scale and a key symbolize “balance” and “trust.”

And, finally, there’s the mainstream economic experts who have it on good authority that long-term bonds increase in value during financial instability and uncertainty.

On this, the following news items from November-December 2010 reflect the enduring faith in fixed-income assets as the ultimate safe-havens:

  • “Bonds Tumble On Signs of Economic Recovery” (Reuters)
  • “US Treasury Prices Rise as traders positioned for negative headlines….” (Associated Press)
  • “Treasury’s rise as investors sought shelter in safe haven assets amid rising fears about sovereign debt woes in the eurozone. The slow motion train wreck is likely to play out over year end as each country plays musical chairs with solvency. The market’s concern here is ‘What is next?’ The 10-year Treasury yield will fall if the problems get worse from here.” (Wall Street Journal)

There’s just one problem with this notion: namely, bonds (of any denomination) do NOT have a built-in disaster premium. This is the myth-busting revelation of the latest, free report from Elliott Wave International. The resource titled “The Next Major Disaster Developing For Bond Holders” includes a thoughtful selection of various EWI publications that expose the very real vulnerability of bond markets to economic downturns.

The premier study on the subject comes from Chapter 15 of EWI President Robert Prechter’s book Conquer The Crash by way of this memorable excerpt:

“If there is one bit of conventional wisdom that we hear repeatedly with respect to investing, it is that long-term bonds are the best possible investment [in downturns]. This assertion is wrong. Any bond issued b a borrower who can’t pay goes to zero in a depression. Understand that in a [major contraction], no one knows its depth and almost everyone becomes afraid. That makes investors sell bonds of any issuers that they fear could default. Even when people trust the bonds they own, they are sometimes forced to sell them to raise cash to live on. For this reason, even the safest bonds can go down, at least temporarily, as AAA bonds did in 1931 and 1932.

The first chart (see below) shows what happened to bonds of various grades in the deflationary crash. And the second chart (see below) shows what happened to the Dow Jones 40-bond average, which lost 30% of its value in four years. Observe that the collapse of the early 1930s brought these bonds’ prices below — and their interest rates above — where they were in 1920 near the peak in the intense inflation of the ‘Teens.”


That’s just the tip of this myth-busting report. “The Next Major Disaster” uncovers flaws in other widely-accepted bond lore, including these two assumptions:

  • High -yield bonds rise during economic expansions
  • AND — municipal bonds provide a steady refuge in times of economic stress.

Read more about Robert Prechter’s warnings for holders of municipals and other bonds in his free report: The Next Major Disaster Developing for Bond Holders. Access your free 10-page report now.

Smoking Marijuana is not that bad says Pat Robertson?!?!

The Video:

The money part comes at the beginning of the video.

Quote: (Via Raw Story)

“I’m … I’m not exactly for the use of drugs, don’t get me wrong, but I just believe that criminalizing marijuana, criminalizing the possession of a few ounces of pot, that kinda thing it’s just, it’s costing us a fortune and it’s ruining young people. Young people go into prisons, they go in as youths and come out as hardened criminals. That’s not a good thing.

Of course, CBN had to walk back the comments, because, well, because they’re CBN! :lol: Anyhow, here’s the walk back…:

In this instance, even though he clearly expressed support for the reform of US marijuana laws, a spokesman for religious television station CBN walked back Robertson’s comments, telling Raw Story on Thursday morning the Christian Coalition founder “did not call for the decriminalization of marijuana.”

“He was advocating that our government revisit the severity of the existing laws because mandatory drug sentences do harm to many young people who go to prison and come out as hardened criminals,” CBN spokesman Chris Roslan wrote. “He was also pointing out that these mandatory sentences needlessly cost our government millions of dollars when there are better approaches available. Dr. Robertson’s comments followed a CBN News story about a group of conservatives who have proven that faith-based rehabilitation for criminals has resulted in lower repeat offenders and saved the government millions of dollars. Dr. Robertson unequivocally stated that he is against the use of illegal drugs.”

While it might sense for Rev. Robertson to say this on a political level; on a Religious level, it would be suicide; that is because the 700 club and CBN in general; run on donations and if they dry up, Pat Robertson would be out of business.

Bombs explode in Rome

Video:

The Story via the U.K. Telegraph:

The first explosion, which occurred at midday (11amGMT) seriously injured a caretaker at the Swiss embassy.

Another possibility mentioned by investigators is that “the attack was organised by insurgent anarchist groups.”

One of the investigators said that one of the main lines of inquiry was on “anarchist circles of the eco-terrorist movement.”

The Rome prosecutor’s office has opened an investigation on suspicion of “an attack with terrorist aims,” ANSA news agency reported

The second, which occurred at around 3pm (2pm GMT), was at the Chilean embassy, also injuring one person.

Such violent people those far leftists. :roll:


No, it is not time to abolish the F.C.C.

First, I would like to apologize to my readers for my silence for the past few days.  I have been under the weather and really have not felt like writing at all. Your Prayers are appreciated, I am doing better than I was last night; but I am not 100 percent yet.

Ed Morrissey, who is usually a reasonable Conservative, raises the specter of abolishing the F.C.C.  As a licensed user of a service that is regulated by the Federal Communications Commission — I must politely object to this sort of “Wild West” mentality of the libertarian stripe.

When I am not criticizing liberals and their moronic ways, I also partake in another hobby — Amateur Radio. Amateur Radio or Ham Radio is regulated by the F.C.C.; when Amateur radio was just beginning, it was regulated and licenses issued by United States Department of Commerce and Labor, which subsequently split into two separate Government entities. When it became clear that Amateur Radio and other such radio services were going to be established, a new Government entity was created, The Federal Communications Commission.  This was because the work of licensing was too great for the United States Department of Commerce and Labor, which did have much other work to do.  In addition, an entity dedicated to licensing of all Radio of all sorts was needed.

The Federal Communications Commission acts as regulatory and enforcement body for the Amateur Radio Service; it also deals with issues like type-acceptance of Radios to be sold in the United States.  To pursue the idiotic notion of abolishing the FCC would mean absolutely chaos on the Amateur Radio bands, with no enforcement of the rules and regulations, or removing them entirely would be a huge mistake.

As a Conservative, who sides with much of what the Republican Party stands for; I believe in rule of law.  However, I do not believe in the “Wild West” mentality, which is promoted by those who are of the libertarian stripe — notably the libertarian left.  Which is why I am quite shocked to read that Ed Morrissey — who was a Amateur Radio Operator, until his licensed lapsed —  of all people —- wants to see a vital Governmental organ like the FCC abolished.

President Ronald Reagan said famously, “Big Government is bad Government.”  However, any sane rational Republican will tell you that no Government at all is insanity.  There are legitimate uses for Government and the FCC is one of them.  To even suggest that the United States Government abolish the Federal Communications Commission is utter insanity and is borderline “Ron Paul Kookyville”

We need small responsible Government, not anarchy and chaos.  Doing what Ed Morrissey suggested would bring on just that, and in an age where our National Security is being threatened daily, the idea of getting rid of an agency that protects us from harm, is asinine at best.

Others on the subject: Power Line, Denver Post, Hot Air, Fausta’s Blog, Pajamas Media, Left Coast Rebel, Betsy’s Page, Liberty Pundits Blog, The Mahablog, Little Green Footballs, AOL News, Post Tech, Free Press, protein wisdom, GigaOM, The Anchoress, Ars Technica and Engadget Washington Examiner, Outside the Beltway, POWIP and protein wisdom

Ouch, that is going to leave a Mark…..

Okay, who left the stupid door open again?!?!? :roll:

Gov. Haley Barbour (R-MS), a potential Republican presidential candidate, has an interesting perspective on the tumults of the civil rights era that swept through his Deep South state.

As Barbour recalls it in a new profile in The Weekly Standard, things weren’t so bad in his hometown of Yazoo City, which took until 1970 to integrate its schools (though the final event itself is said to have gone on peacefully). For example, Barbour says that there was no problem of Ku Klux Klan activity in the town — thanks to the Citizens Council movement, an organization that was founded on the basis of resistance to integration and the promotion of white supremacy.

“You heard of the Citizens Councils? Up north they think it was like the KKK,” said Barbour. “Where I come from it was an organization of town leaders. In Yazoo City they passed a resolution that said anybody who started a chapter of the Klan would get their ass run out of town. If you had a job, you’d lose it. If you had a store, they’d see nobody shopped there. We didn’t have a problem with the Klan in Yazoo City.”

The White Citizens Council movement was founded in Mississippi in 1954, shortly after the Brown v. Board of Education Supreme Court decision that outlawed segregated public schools, and was dedicated to political activities opposing civil rights — notably boycotts of pro-civil rights individuals, as opposed to Barbour’s recollection of actions against the Klan. It was distinguished from the Klan by the public self-identification of its members, and its image of suits and ties as opposed to white robes and nooses

via Haley Barbour and White Supremacists | Citizens Councils | Mediaite.

I do believe that Gov. Haley Barbour just killed any notion of him ever running for President. I knew he was from the south; but I really did not think he was this bad. :shock:

I do believe that Gov. Haley Barbour just wandered off into Ron Paul territory.

Somewhere, Trett Lott is smiling…

Update: Bloggers React

You think it is bad now? Wait till the States start collapsing!

This is totally unbelievable: (H/T to HotAir.com)Speaking of money and taxes, here is Congressman Ron Paul talking about Taxes, Money and of course, the Federal Reserve: (H/T Lew Rockwell’s Blog)

Needless to say, the next couple of years are going to be very interesting to watch. :shock:

Investing Advice: Trading the Holiday Grind

It’s that time again when volume dries up and prices rise into the new year. A lot of individuals are scrambling to prepare for the holidays, even though we had a year to prepare. The big money has already done most of their year end shuffling and will be taking it easy until January.

The market is overbought and sentiment readings are at extreme levels which in the past have been the start of large sell offs and even bear markets. While I am keeping a close eye for a top, there is not much we can do but stay long stocks and commodities until the market tips its hand and distribution selling is in control. The U.S. federal government is the only wild card going into year end that should be on traders’ radars. They have been doing a great job boosting prices in the equities and commodities market, but can they continue to hold things up when the big money and the proverbial herd start unloading positions in 2011?   — Please, Click here to read the rest.

News from a different perspective

Original Source

GRAPHICAL PDF VERSION

THE GLORIOUS HISTORY OF THE ENGLISH BIBLE (Friday Church News Notes, December 17, 2010, www.wayoflife.org fbns@wayoflife.org, 866-295-4143) – We celebrate the 400th anniversary of the King James Bible in 2011, and it is not merely another translation. Its heritage and the manner in which it was created are unique. The early record of the English Bible is one of the most fascinating chapters of church history and reads almost like a novel. The history of the British Empire, of the American nation, and of the English language itself are inextricably intertwined with the King James Bible. Our book The Glorious Heritage of the King James Bible recounts this history, beginning with the Wycliffe Bible of the late 14th century. Every English-speaking believer should know these things; yet, sadly, even in the staunchest Bible-believing churches it is rare to find someone who is well informed about the great price that was paid to provide us with such an excellent Bible in our own language. I have studied this history for many years, not only through literature (having built a large and expensive personal library on this subject) but through onsite research in the places where the history took place. By God’s grace I’ve traveled to Lutterworth and Oxford and Cambridge, to Little Sodbury Manor and St. Adeline’s Church and St. Dunstan’s and Fulham Palace, to Smithfield and Hampton Court and Westminster and the Jerusalem Chamber, to Lambeth Palace and the Lollard’s Tower and St. Paul’s Cathedral, to Vilvoorde and Geneva. I’ve handled ancient Waldensian New Testaments at the Cambridge Library and Trinity College Dublin and early edition Tyndale Bibles at the British Museum. This fascinating research has greatly strengthened my faith in God and in the authenticity and preservation of His holy Word, and I trust that The Glorious Heritage of the English Bible will do the same for each reader of this book. It would be a great book for families to read together in 2011. (This illustrated book is available from Way of Life Literature.)

U.N. CLIMATE TALKS START WITH A CALL TO GODDESS (Friday Church News Notes, December 17, 2010, www.wayoflife.org fbns@wayoflife.org, 866-295-4143) – The United Nations climate negotiations in Cancun, Mexico, opened with the invocation of the ancient jaguar goddess Ixchel. Christiana Figueres, executive secretary of the U.N. Framework Convention on Climate Change, told the crowd of scientists and politicians that Ixchel was not only goddess of the moon but also “the goddess of reason, creativity and weaving” (“Post Carbon,” The Washington Post, Nov. 29, 2010). Figueres prayed that Ixchel would inspire the delegates “to weave together the elements of a solid response to climate change, using both reason and creativity as your tools.” This is typical United Nations New Age spirituality. (Had she invoked Jesus Christ, she would probably have been booed off the stage and fired.) At the U.N. Earth Summit in Rio De Janeiro in 1992, the opening ceremony featured a ship called Gaia, named for the Greek goddess of the earth. That conference was preceded by an all-night ceremony to worship Mother Earth. At dawn a Brazilian tribal high priestess led the worshipers to the edge of the ocean where they offered flowers and fruit to a sea goddess identified as the “mother of the powers, queen of the seas.” The Rio Declaration, which contains a radical environmentalist agenda, was referred to as “a sacred text.” In reality the U.N. climate change agenda is all about a greedy transfer of wealth and the furtherance of a one-world government, which is setting the stage for the events of the book of Revelation. The delegates to Cancun from 193 nations are hypocrites who claim that there has been major global warming and that the icecaps and glaciers are melting, but instead of meeting in Alaska in December they are meeting in Mexico. And instead of walking and bicycling and sailing to Cancun, they flew in gas-guzzling airplanes that many of these environmentalists have condemned as greenhouse gas-producing monstrosities.

STREET PREACHER WINS JUDGMENT AGAINST ARRESTING POLICE (Friday Church News Notes, December 17, 2010, www.wayoflife.org fbns@wayoflife.org, 866-295-4143) – The following is excerpted from The Daily Mail, London, Dec. 10, 2010: “Police have been ordered to pay compensation to a Christian street preacher who was hauled off in handcuffs for saying that gays will go to hell. A judge condemned the arrest of Anthony Rollins, who quoted the King James Bible on the subject of the ‘effeminate’ as he preached in Birmingham. Mr Rollins was handcuffed and then held in a cell for nearly four hours after a passer-by dialled 999 and complained that his language was ‘hugely offensive’. The ruling–which ended with West Midlands police ordered to pay more than £4,000 in damages to the 45-year-old preacher–appears to set a new landmark in the battle between the gay lobby and Christians who want to say in public that homosexual sex is wrong. It comes as Christian leaders, notably former Archbishop of Canterbury Lord Carey, have been complaining against the use of equality law to force Christians to act against their consciences. … Mr Rollins has been speaking on the city’s streets as a member of a Christian mission for 12 years. In June 2008 he was handing out leaflets in the city centre and quoting passages from the King James Bible–the Authorised Version which reaches its 400th anniversary next year–that refer to homosexuality. … Mr Rollins said yesterday: ‘The judgment is excellent news. But I didn’t do this for the compensation. I did it for freedom of speech.’”

SWORD OF THE LORD OMITS REPENTANCE FROM SPURGEON SERMON (Friday Church News Notes, December 17, 2010, www.wayoflife.org fbns@wayoflife.org, 866-295-4143) – Recently I received the following e-mail from Jim Koenig: “Last night we watched your video ‘How to Avoid False Professions’ for the second time and the segment on repentance was even more enlightening this time around. Over the years we have noticed that the Sword of the Lord has shifted away from the doctrine of repentance and cunningly led their readers in that direction. A good example is the Charles Spurgeon sermon ‘Only Trust Him’ in the November 26, 2010 issue. They have left out what he said about repentance. The original sermon can be found at www.spurgeongems.org/sermons.htm (sermon #1635) and the omitted part is on page three of the sermon, the 6th full paragraph down. Years ago my wife and I graduated from the Sword Soul Winning Director’s College, taught personally by Bro. Smith, Bro. Norris Belcher, and the late Bro. Larry Staner. At no time, never, was the word ‘repent’ mentioned or implied during the three day course. I am not anti-Sword, but they are 100% wrong on repentance and have influenced thousands of young preachers to spread their one-two-three repeat after me prayers.” COMMENT BY BROTHER CLOUD: I could not agree more. The Sword of the Lord truly has a problem with repentance, and this is not a new thing. While the founder of the Sword, John R. Rice, taught that repentance is “a change of mind toward God and toward sin” and “to turn from your sin” (What Must I Do to Be Saved, 1940), Rice’s successor, Curtis Hutson, changed the biblical definition of repentance. He did this in his influential 1986 booklet Repentance: What Does the Bible Teach? Hutson denied that repentance means to turn from sin (p. 4), that repentance is sorrow for sin (p. 8), and that repentance means “a change of mind that leads to a change of action” (p. 16). He claimed that repentance simply is “to change one’s mind.” Hutson quoted Scripture that appears to support his position but he ignored the many Scriptures that plainly contradict it. He misquoted the writings of men like his predecessor John R. Rice and mixed in a heavy dose of human reasoning. (See our book Repentance and Soul Winning for documentation of this.) Under Hutson’s watch, the Sword also removed repentance from some of the hymns in the 1989 edition of the Soul Stirring Hymns. For example, the lyrics of “The Old Account Was Settled” were changed from “O sinner, seek the Lord, repent of your sin” to “O sinner, trust the Lord, be cleansed of all your sin.” (They also did this with the lyrics to “Almost Persuaded” and “Give Me Thy Heart.”) I am thankful for many things that the Sword has stood for through the years, but the issue of repentance is not a light matter. The Sword has been at the forefront of the downgrading of this doctrine and of the promotion of the heretical practice of “Quick Prayerism” whereby psychological manipulation, human salesmanship, and an empty “sinner’s prayer” have too often replaced Holy Spirit conviction and miraculous regeneration. I refuse to join hands in ministry with men who are guilty of this serious error. (The Sword has also been at the forefront of exalting men far beyond scriptural bounds.)

CANADIAN CHRISTIAN TV SHOW PULLED OVER REMARKS AGAINST HOMOSEXUALS (Friday Church News Notes, December 17, 2010, www.wayoflife.org fbns@wayoflife.org, 866-295-4143) – The following is excerpted from “Evangelical TV Show Pulled,” National Post, Dec. 20, 2010: “Christian broadcaster Crossroads Television System (CTS) has been found in violation of broadcasting codes for statements made by evangelical television personality and minister Charles McVety that implied there was a ‘malevolent, insidious and conspiratorial purpose’ to the activities of homosexuals. Rev. McVety said he was told Thursday by CTS that his show, Word TV, would be temporarily pulled from the air. ‘My good name has been impugned by this report.’ The Canadian Broadcast Standards Council, a self-regulated industry watchdog, said that Rev. McVety disparaged gays in episodes that ran between July 2009 and February 2010 when commenting on Toronto’s massive gay pride parade and a revised Ontario sex curriculum for grade schools.”

PASTOR BEATEN, BIBLE SCHOOL BULLDOZED IN VIETNAM (Friday Church News Notes, December 17, 2010, www.wayoflife.org fbns@wayoflife.org, 866-295-4143) – The following is excerpted from “Vietnam Officials Beat Pastor, Christian Post, Dec. 14, 2010: “A Protestant pastor and human rights activist in Vietnam was beaten unconscious Tuesday morning by Ho Chi Minh City officials. His Bible school, located in the city’s District 2, was also bulldozed, according to Release International, which serves the persecuted church around the world. About 500 police, soldiers and fire officers showed up at the school with bulldozers at 7 a.m. local time and began demolishing the property. Pastor Nguyen Hong Quang, who leads the Mennonite Church, meanwhile, was beaten with batons until he fainted. Currently, Quang and five members of his congregation are being held at an undisclosed location. They were detained for allegedly ‘resisting arrest’ six years ago, as reported by Release International. In 2004, the human rights activist was arrested and charged with ‘interfering with officials carrying out their duties.’ The arrest took place months after he had called for the release of Christians who were imprisoned for distributing Christian literature in Ho Chi Minh City. The police raided his house and confiscated all his money and files detailing human rights violations by the government. His house, which served as the head office of the Mennonite Church, was also partially destroyed by some 200 officials while he was in prison. … Though Vietnam’s constitution provides for freedom of worship, the Communist government continues to restrict organized activities of many religious groups. Only government-controlled religious organizations are allowed.”

IS GOD’S LOVE UNCONDITIONAL (Friday Church News Notes, December 17, 2010, www.wayoflife.org fbns@wayoflife.org, 866-295-4143) – The good news of the gospel must begin with the bad news of sin and condemnation. This is how Paul preached the gospel in Romans. He began with nearly three chapters on man’s sinful, condemned condition before a holy God before he got to the good news of what Jesus did on the cross. According to the emerging church, Christ’s love for sinners is unconditional, but this is not true. His love is unfathomable and unmerited but not unconditional. Consider the following statements that the Lord Jesus Christ made: “He that hath my commandments, and keepeth them, he it is that loveth me: and he that loveth me shall be loved of my Father, and I will love him, and will manifest myself to him” (John 14:21). “I am the vine, ye are the branches: He that abideth in me, and I in him, the same bringeth forth much fruit: for without me ye can do nothing. If a man abide not in me, he is cast forth as a branch, and is withered; and men gather them, and cast them into the fire, and they are burned” (John 15:5-6). “Not every one that saith unto me, Lord, Lord, shall enter into the kingdom of heaven; but he that doeth the will of my Father which is in Heaven. Many will say to me in that day, Lord, Lord, have we not prophesied in thy name? and in thy name have cast out devils? and in thy name done many wonderful works? And then will I profess unto them, I never knew you: depart from me, ye that work iniquity” (Matthew 7:21-23). “He that believeth on the Son hath everlasting life: and he that believeth not the Son shall not see life; but the wrath of God abideth on him” (John 3:36). “I tell you, Nay: but, except ye repent, ye shall all likewise perish” (Luke 13:3). Repent or perish is not the message of unconditional love!

The late night mental health break: Van Halen

Dream another dream Liberals……Because this one is over! :P

From the New York Times:

The Senate on Saturday blocked a bill that would have created a path to citizenship for certain young illegal immigrants who came to the United States as children, completed two years of college or military service and met other requirements, including passing a criminal background check.

The vote by 55-41 in favor of the bill, which is known as the Dream Act, effectively kills it for this year, and its fate is uncertain. The measure needed the support of 60 senators to cut off a filibuster and bring it to the floor.

Supporters said they were heartened that the measure won the backing of a majority of the Senate. They said they would continue to press for it, either on its own or as part of a wide immigration overhaul that some Democrats hope to undertake next year and believe could be an area of cooperation with Republicans, who will control a majority in the House.

Most immediately, the measure would have helped grant legal status to hundreds of thousands of illegal immigrant students and recent graduates whose lives are severely restricted, though many have lived in the United States for nearly their entire lives.

Young Hispanic men and women filled the spectator galleries of the Senate, many of them wearing graduation caps and tassels in a symbol of their support for the bill. They held hands in a prayerful gesture as the clerk called the roll and many looked stricken as its defeat was announced.

President Obama had personally lobbied lawmakers in support the bill. But Democrats were not able to hold ranks.

Five Democrats joined Republicans in opposing the bill. They were Senators Max Baucus of Montana, Kay Hagan of North Carolina, Ben Nelson of Nebraska, Mark Pryor of Arkansas and Jon Tester of Montana.

And three Republicans joined the balance of Democrats in favor of it: Robert Bennett of Utah, Richard Lugar of Indiana, and Lisa Murkowski of Alaska.

Mr. Obama, in a statement, called the outcome “incredibly disappointing” and said that he would continue fighting to win approval of the bill.

Which should prove that America is a center-right Country and that most Americans oppose any sort of disruption of what is commonly known as “RULE OF LAW.”

That is all…

Others: Don Surber, neo-neocon, Vox Popoli, Scared Monkeys, Left Coast Rebel, Wake up America, Weasel Zippers, iOwnTheWorld.com,

Kudo’s to Powerline Blog

For their milestone.

Powerline is one of the original Conservative Blogs around, they started way back in 2002.

In a personal note: I have been accused by fools of being an antisemitic person; which is, of course, idiotic at best.  Seeing that being the case, I will say this. Powerline is a stalwart defender of Israel. I have read there quite a bit. Admittedly, I do not always agree with the positions there; however, I will give those men credit; their consistency in defense of Israel’s Liberty and of the Jewish State is something to be greatly admired. Not to mention, they are truly a stalwart defender of American Liberty.

Good show gentlemen, keep it up. :)

Gold and Stock Advice: Playing new fear in equities markets

So far this week we have been seeing fear creep in the equities market. This Wednesday we started to see fear (green indicator) reach a level which tells me to start looking for the market to bottoming. I do follow a few other charts and indicators which warn me of a possible trend reversal (high probability setup) before it takes place but the US Dollar and selling volume are key.

As we all know, when the market is trying to top and roll over it tends to be more of a process than a couple day event. It’s this lengthy topping process which has a lot of choppy price action sucking traders into a position much to early or shakes you out of the position before the market does what you anticipated. Knowing that tops tend to drag out for an extended period of time is critical for an options trader simple because of Theta (time decay)

On the flip side, bottoming is more of an event because it tends to happen after a strong wave of panic selling. Fear is the most powerful force in the market (other than the Fed/Manipulators.. but that’s another topic). That being said, when you know what to look for in bottoms you can generally see the market starting to bottom and prepare for it. — Read More Here

———————–

Disclosure: If you follow the link and sign up, I get a small amount of compensation at no extra cost to the customer.

Disclaimer: Quite bluntly, I post these articles to make money; period. The posting of this and other articles is in no means to be considered a endorsement of the ideas and investment strategies. In other words, if you try this and lose your butt; do not come crying to me or wanting me to refund your money. Because it is not going to happen, period.

New Report: It’s Dangerous to Diversify — Find Out Why

New Report: It’s Dangerous to Diversify — Find Out Why

A free report from Elliott Wave International reveals the risks of portfolio diversification
By Elliott Wave International

Despite near-unanimous endorsement among mainstream advisors, the strategy of portfolio diversification has a huge, glaring flaw: Namely, when large sums of liquidity begin to flow into global investment markets, formerly disparate trends become strongly correlated. And markets that go up together ultimately go down together; in turn, the value of diversified portfolios goes down with them. Read more.

—-

Disclosure: If you follow the link and sign up, I get a small amount of compensation at no extra cost to the customer.

Disclaimer: Quite bluntly, I post these articles to make money; period. The posting of this and other articles is in no means to be considered a endorsement of the ideas and investment strategies. In other words, if you try this and lose your butt; do not come crying to me or wanting me to refund your money. Because it is not going to happen, period.

Out for a while….

I shall be away from the blog for an extended amount of time. Real life beckons me. Today is the annual Christmas Party for my Dad’s union. There will be plenty of good food! :D

The bad part is, I will be going on about 4 1/4 hours of sleep. I went to bed around 11:30 and promptly woke up at like 3:30 a.m. So, I’m going to be feeling like death warmed over later today. :oops:

So, I shall be away from the blog, the laptop, the internet, and everything else, until I am able to recover. :D

Till I do, I bit thee farewell…. :)

Hey Vox…..

I think it is cool and all that you made that list. But, trust me, I would not gloat about it.

John Hawkings is a, quite bluntly, rat bastard. :mad: His treatment and attitude towards David Frum confirmed what I suspected about that fat assed piece of shit.

I would not want to be on any list that moronic asshole made up, ever.

Besides all that, who the hell would want to be on a list with a bunch of idiots who are fans of a woman who believes she is entitled to be President of the United States of America, because of her sex organs? I mean, seriously! :roll:

UPDATEDBREAKING NEWS: FORMER DETROIT MAYOR KWAME KILPATRICK & OTHERS INDICTED ON LITANY OF FEDERAL CHARGES — Video of Press Conference Added

INDICTED!

Finally…. Justice is starting to be served here in Detroit.

There is news of it from all over the place in Detroit.

First Video from WXYZ-TV in Detroit:

Next Video from FOX 2 in Detroit:

Update: Here is that actual presser announcing said charges against all involved:

Here are the actual pages of the indictment itself: (via WDIV-TV)

READ PAGES 1-8 of Federal Indictment: Kilpatrick Charged With Conspiracy, Fraud, Extortion

READ PAGES 9-16 of Federal Indictment: Kwame Federal Indictment: Pages 9-16

READ PAGES 17-25 of Federal Indictment: Kwame Federal Indictment: Pages 17-25

READ PAGES 25-32 of Federal Indictment: Kwame Federal Indictment: Pages 25-32

READ PAGES 33-40 of Federal Indictment: Kwame Federal Indictment: Pages 33-40

READ PAGES 41-48 of Federal Indictment: Kwame Federal Indictment: Pages 41-48

I think it would be fair to point out that Kwame Kilpatrick was and still is a REGISTERED DEMOCRATIC PARTY MEMBER!

The Detroit Free Press reports:

A federal grand jury today indicted former Detroit Mayor Kwame Kilpatrick, his father and three former top aides on racketeering charges, accusing them of turning the mayor’s office into a criminal enterprise to enrich themselves, families and friends.

Besides the now-jailed former mayor, the 38-count indictment names his father, Bernard Kilpatrick, city contractor Bobby Ferguson, former top Kilpatrick aide Derrick Miller and former water department chief Victor Mercado in one of the largest public corruption investigations ever in the City of Detroit.

The indictment outlined four general areas of misconduct.

It said the defendants extorted money from municipal contractors, state and non-profit donors and engaged in bribery and extortion involving other public contracts and investments.

The indictment said that Ferguson kicked back at least $424,000 in cash and other items of value to the mayor and that Kilpatrick used more than $590,000 in cash derived from the conspiracy to pay his credit card bills, purchase cashier’s checks and clothing and repay loans.

Bernard Kilpatrick, the indictment said, deposited more than $600,000 in cash into his personal bank accounts. He was charged with three counts of filing false tax returns for calendar years 2004, 21005 and 2007.

The penalties for the charges laid out in the indictment range from three to 30 year in prison.

I believe it also would be fair to point out that this is what happens when you have the mentality THAT YOU ARE BLACK AND THAT YOU ARE ENTITLED! This sort of mentality, for what it is worth; dates back to the days of the Coleman A. Young administration. The difference is that Kwame was not able to pay the feds off, like Mayor Young was able to do. Further more, from what I heard at the presser, that Kwame and friends were even doing this sort of that back when Kwame was a state representative.

The Detroit News Reports the list of people, besides Kilpatrick, who have been charged…..so far:

Karl Kado: The former Cobo contractor, who has said in sworn testimony he made illegal cash payments to former Mayor Kwame Kilpatrick, remains a key government witness and got three years probation.

Glenn Blanton: The former Cobo Center director who admitted taking illegal payments from Kado was sentenced to one year in prison for obstruction of justice.

Lou Pavledes: Another former Cobo director who admitted taking bribes from Kado, Pavledes got 14 months for a banking offense.

James R. Rosendall Jr.: The former Synagro Technologies Inc. vice president became an FBI informant and got 11 months for bribery.

Rayford W. Jackson: The Detroit businessman who was Synagro’s local partner is serving a five-year sentence for bribery.

Monica Conyers: The former Detroit city councilwoman who cast the deciding vote in favor of the $1.2 billion Synagro deal was sentenced to 37 months in prison for bribery.

Jerry M. Rivers: A former member of the mayor’s executive protection unit, Rivers pleaded guilty to bribery in connection with a city land sale and was sentenced to 12 months in prison.

Kandia Milton: A childhood friend and top aide to Kilpatrick, Milton pleaded guilty to bribery in connection with the city’s sale of Camp Brighton and was sentenced to 14 months in prison.

DeDan Milton: Another longtime friend of Kilpatrick, who like his brother is cooperating with prosecutors, is to be sentenced to 42 months in prison for bribery.

Sam Riddle: The political consultant and former top aide to Monica Conyers pleaded guilty to a felony conspiracy charge in May and was sentenced to 37 months in prison.

Mary Waters: Pleaded guilty to a misdemeanor tax charge in May in connection with the Southfield case and was sentenced to one year of probation.

William Lattimore: The former Southfield city councilman pleaded guilty to bribery after he was picked up on a wiretap of Riddle’s cell phone. Lattimore was sentenced to 18 months in prison.

Marc Andre Cunningham: A former aide to Kilpatrick, he pleaded guilty to a bribery charge in November and awaits sentencing Feb. 10.

Brian Dodds: Co-owner of Howell-based D&R Earthmoving LLC, he pleaded guilty to concealing a crime in connection with an inflated contract Kilpatrick pal Bobby Ferguson received. He is to be sentenced Jan. 10. Ferguson has been indicted on multiple counts and awaits trial.

Rodney Burrell: The head of Northville-based R&R Heavy Haulers pleaded guilty to concealing a crime in connection with the same bid-rigging on the Ferguson contract. He is to be sentenced in March.

Hopefully and I do mean hopefully; this will send a message to anyone who seeks office in the city of Detroit — that if you run for public office and you decide to break the law, that you will be caught and you will be charged and that you will end up and jail.

Although, I will not lie to you; I have sinking suspicion that somebody somewhere, will play the race card and point out that the people filing these charges are mostly White and latino and will somehow or another convince a judge to throw out the case.  I do truly hope that I am wrong about this, I really do. Because Detroit has been rife with corruption for much, much too damned long. Many people, for many, many years have gotten very wealthy by corrupt means in Detroit for much too long —- while the rest of the City of Detroit falls into ruin. It is morally wrong and these turkeys that broke the law ought be jailed for the longest terms possible.

Hopefully, and I mean this one, with all the sincerity that I can muster — as a former resident of that city — this will close the chapter of the culture of corruption in that City and that the City of Detroit can finally, and I do mean finally get on with the business of restoring that City to its once great status. This might be a small step, but it is a very important one and God-willing it will be the first big one.

Richard Holbrooke: The US Special Representative to Afghanistan and Pakistan passes away

So very sad…. :(

Via the Washington Post:

Longtime U.S. diplomat Richard C. Holbrooke, whose relentless prodding and deft maneuvering yielded the 1995 Dayton peace accords that ended the war in Bosnia – a success he hoped to repeat as President Obama’s chief envoy to Afghanistan and Pakistan – died Monday in Washington of complications from surgery to repair a torn aorta. He was 69.

A foreign policy adviser to four Democratic presidents, Mr. Holbrooke was a towering, one-of-a-kind presence who helped define American national security strategy over 40 years and three wars by connecting Washington politicians with New York elites and influential figures in capitals worldwide. He seemed to live on airplanes and move with equal confidence through Upper East Side cocktail parties, the halls of the White House and the slums of Pakistan.

Obama praised him as “a true giant of American foreign policy who has made America stronger, safer and more respected. He was a truly unique figure who will be remembered for his tireless diplomacy, love of country, and pursuit of peace.”

Secretary of State Hillary Rodham Clinton said in a statement that the United States “has lost one of its fiercest champions and most dedicated public servants.”

The death could have a profound impact on the administration’s efforts to implement aspects of its strategy for the war in Afghanistan, which relies not just on military gains but development assistance and diplomatic initiatives with the governments in Kabul and neighboring Pakistan that had been his principal focus.

Mr. Holbrooke’s expansive career began in Vietnam’s Mekong Delta, where he served as a field officer, and included appointments as the U.S. ambassador to the United Nations and as one of the youngest assistant secretaries of state in U.S. history. When Republicans were in power, he was a banker, a journalist and a best-selling author.

His most prominent role was as a presidential wartime problem solver, to which Mr. Holbrooke applied an unwavering energy, a flair for diplomatic improvisation and a hard-charging style that could yield dramatic breakthroughs but also generate bitterness and enmity, even among his American teammates.

Although the consequences of his forceful personality were laid bare in his efforts to stabilize Afghanistan and Pakistan, leading to tense disagreements with leaders of those nations and fellow U.S. officials, Mr. Holbrooke never stopped trying to address the insurgencies that threaten both countries.

Over the past year, he maintained a peripatetic existence, often subsisting on just a few hours of sleep at night, as he globe-trotted to shore up allied support for the war and a costly reconstruction program.

“As anyone who has ever worked with him knows – or had the clear disadvantage of negotiating across the table from him – Richard is relentless,” Obama said earlier Monday at a State Department holiday reception. “He never stops. He never quits. Because he’s always believed that if we stay focused, if we act on our mutual interests, that progress is possible. Wars can end. Peace can be forged.”

[….]

Why *I* personally respect him:

Mr. Holbrooke was sent to Vietnam in 1963, assigned to the lower Mekong Delta as a field officer for the U.S. Agency for International Development, a post that would later give him unique perspective on reconstruction efforts and provincial stabilization in Afghanistan.

His insights drew the attention of the U.S. Embassy in Saigon, and he was soon moved there to serve as a staff assistant to two ambassadors, Maxwell D. Taylor and Henry Cabot Lodge Jr.

In 1966, he joined the Vietnam staff in the Johnson White House, where he had a front-row seat for what came to be considered an unwise escalation of U.S. military forces based on deceptive assessments.

“Our beloved nation sent into battle soldiers without a clear determination of what they could accomplish and they misjudged the stakes. And then we couldn’t get out,” he said this year at a State Department conference on the American experience in Southeast Asia. “. . . We fought bravely under very difficult conditions. But success was not achievable. Those who advocated more escalation or something called ‘staying the course’ were advocating something that would have led only to a greater and more costly disaster afterwards.”

He quickly developed a reputation for writing brash but influential memos, earning the nickname “the Bulldozer.” In November 1967, Mr. Holbrooke drafted one such document, a 17-page paper for President Lyndon B. Johnson in the name of Nicholas Katzenbach, then the undersecretary of state, that argued that North Vietnam was winning the battle for public opinion in the United States.

“Hanoi uses time the way the Russians used terrain before Napoleon’s advance on Moscow, always retreating, losing every battle, but eventually creating conditions in which the enemy can no longer function,” he wrote. “For Napoleon it was his long supply lines and the cold Russian winter; Hanoi hopes that for us it will be the mounting dissension, impatience, and frustration caused by a protracted war without fronts or other visible signs of success; a growing need to choose between guns and butter; and an increasing American repugnance at finding, for the first time, their own country cast as ‘the heavy.’ “

Mr. Holbrooke was a junior member of the U.S. delegation to the Paris peace talks aimed at ending the war, and he wrote a chapter of the Pentagon Papers, the government’s secret history of the conflict.

By 1970, he moved on – first to the Woodrow Wilson School at Princeton University, where he was a fellow, and then to Morocco, where he served as Peace Corps country director – but the searing lessons of the war remained. “Leaving Vietnam behind did not mean getting it out of one’s system,” he said.

President Obama shows some class:

Statement by President Obama on death of Richard Holbrooke

Michelle and I are deeply saddened by the passing of Richard Holbrooke, a true giant of American foreign policy who has made America stronger, safer, and more respected. He was a truly unique figure who will be remembered for his tireless diplomacy, love of country, and pursuit of peace.

For nearly 50 years, Richard served the country he loved with honor and distinction. He worked as a young foreign service officer during the Vietnam War and then supported the Paris peace talks which ended that war. As a young Assistant Secretary of State for East Asian and Pacific Affairs, he helped normalize relations with China. As U.S. Ambassador to Germany, he helped Europe emerge from a long Cold War and encouraged NATO to welcome new members.

As Assistant Secretary of State for European and Canadian Affairs, he was the tireless….

…chief architect of the Dayton Accords that ended the war in Bosnia 15 years ago this week, saving countless lives.  As Ambassador to the United Nations, Richard helped break a political impasse and strengthen our nation’s relationship with the UN and elevated the cause of AIDS and Africa on the international agenda.  And throughout his life, as a child of refugees, he devoted himself to the plight of people displaced around the world.

When I became President, I was grateful that Richard agreed to serve as Special Representative for Afghanistan and Pakistan.  The progress that we have made in Afghanistan and Pakistan is due in no small measure to Richard’s relentless focus on America’s national interest, and pursuit of peace and security. He understood, in his life and his work, that our interests encompassed the values that we hold so dear. And as usual, amidst his extraordinary duties, he also mentored young people who will serve our country for decades to come.  One of his friends and admirers once said that, “If you’re not on the team and you’re in his way, God help you.”  Like so many Presidents before me, I am grateful that Richard Holbrooke was on my team, as are the American people.

Earlier this evening at the State Department, I met with Richard’s wife Kati and their family, David, Anthony, Lizzie, Christopher and Sarah, and I spoke to Kati after Richard’s passing. I expressed to them the gratitude of the American people for his lifetime of service.  They are in our thoughts and prayers tonight.  Tonight, there are millions of people around the world whose lives have been saved and enriched by his work.  As I said earlier this evening, the United States is safer and the world is more secure because of the half century of patriotic service of Ambassador Richard Holbrooke.

As does Hillary Clinton:

Tonight America has lost one of its fiercest champions and most dedicated public servants. Richard Holbrooke served the country he loved for nearly half a century, representing the United States in far-flung war-zones and high-level peace talks, always with distinctive brilliance and unmatched determination. He was one of a kind — a true statesman — and that makes his passing all the more painful.

From his early days in Vietnam to his historic role bringing peace to the Balkans to his last mission in Afghanistan and Pakistan, Richard helped shape our history, manage our perilous present, and secure our future. He was the consummate diplomat, able to stare down dictators and stand up for America’s interests and values even under the most difficult circumstances. He served at every level of the Foreign Service and beyond, helping mentor generations of talented officers and future ambassadors. Few people have ever left a larger mark on the State Department or our country. From Southeast Asia to post-Cold War Europe and around the globe, people have a better chance of a peaceful future because of Richard’s lifetime of service.

I had the privilege to know Richard for many years and to call him a friend, colleague and confidante. As Secretary of State, I have counted on his advice and relied on his leadership. This is a sad day for me, for the State Department and for the United States of America.

True to form, Richard was a fighter to the end. His doctors marveled at his strength and his willpower, but to his friends, that was just Richard being Richard. I am grateful for the tireless efforts of all the medical staff, and to everyone who sat by his side or wished him well in these final days.

Tonight my thoughts and prayers are with Richard’s beloved wife Kati, his sons David and Anthony, his step-children Elizabeth and Chris Jennings, his daughter-in-law Sarah, and all of his countless friends and colleagues.

To be fair to Mr. Holbrooke; he was handed a giant bag of crap from the previous administration. The Neo-cons who were in power, basically ran the clock out on the war in Iraq and Afghanistan. The Afghan war was basically the one, that was put on the back burner, while Bush and Co. went to topple Saddam. Which, in this writers opinion was the stupidest move ever made. Richard was brought in to straighten out that damned mess. He died trying to do that, as he did not want to see another Vietnam.  For that thankless and patriot act of service to this Country, Mr. Holbrooke should be honored very highly by this Presidential Administration.

However, knowing this Administration like I do; I highly doubt that he will ever be honored like he should be — basically, because Mr. Holbrooke is the of the wrong ethnic background and skin color. That my friends, is a horrible and God-awful tragedy. Sorry, in this former-Democrat voting person’s eyes — a statement, is just not enough. However, I am glad to see Hillary and Obama showing a little bit of class and acknowledging the man for saving the President’s bacon and sorting out the mess.

Blogger Roundup Here

Cartoon of the Day

DepartMental Illness

The managing editor of Townhall Magazine called Diversity Lane “very, very well done.”  And Michigan Review described it as “laugh out loud funny.”  Why not make this the day you discover the best in conservative comedy today at Diversity Lane?
For more fun visit the website/blog at www.diversitylane.com or go directly to the blog at www.diversitylane.wordpress.com.

Personal Advice from ME: If you are small time stock investor, GET OUT NOW!

…and here is why….

This comes via Gateway Pundit, who is one hell of a great blogger:

The story via the U.K. Telegraph:

US Treasuries last week suffered their biggest two-day sell-off since the collapse of Lehman Brothers in September 2008. The borrowing costs of the government of the world’s largest economy have now risen by a quarter over the past four weeks.

Such a sharp rise in US benchmark market interest rates matters a lot – and it matters way beyond America. The US government is now servicing $13.8 trillion (£8.7 trilion) in declared liabilities – making it, by a long way, the world’s largest debtor. Around $414bn of US taxpayers’ money went on sovereign interest payments last year – around 4.5 times the budget of America’s Department of Education.

Debt service costs have reached such astronomical levels even though, over the past year and more, yields have been kept historically and artificially low by “quantitative easing (QE)” – in other words, Federal Reserve Chairman Ben Bernanke’s virtual printing press. Now borrowing costs are 28pc higher than a month ago, with the 10-year Treasury yield reaching 3.33pc last week, an already eye-watering debt service burden can only go up.

Few on this side of the Atlantic should feel smug. The eurozone’s ongoing sovereign debt debacle has pushed up Germany’s borrowing costs by 27pc over the last month – to 3.03pc. The market has judged that if Europe’s Teutonic powerhouse wants the single currency to survive, it will ultimately need to raise wads of cash to absorb the mess caused by other member states’ fiscal incontinence…

Some say that growing signs of a US economic recovery are positive for stocks, which means money is being diverted out of Treasuries, so lowering their price, which pushes up yields. That’s wishful thinking. Sovereign borrowing costs have just surged in the US – and therefore elsewhere – because a politically-wounded President Obama caved-in and extended the Bush-era tax cuts, combining them with a $120bn payroll tax holiday…

The market is increasingly alarmed at the rate of increase of the US government’s already massive liabilities. America’s government debt is set to expand by a jaw-dropping 42pc over the next few years, reaching $19.6 trillion by 2015 according to Treasury Department estimates presented (amid very little fanfare) to Congress back in June. Since then, government spending has risen even more. So US debt service costs, like those of many other Western nations, are expanding rapidly in terms of both the volumes of sovereign instruments outstanding, and the yields on each bond.

You know what that means? It means that if you are a small time investor; that you need to get out of the Market NOW! This could have a huge impact on the market, and you could lose very big. I do virtual trading and so far, I have done well on my trades. But I am not about to lose my shirt, so, I ordered a sell off of everything. Now the big time guys will be able to afford to ride this out, because they have the wealth to spare. But the small time people will get burned. The best thing I can tell you small times investors, is to dump your shares and put it all into Gold. That would either be into EFT‘s or real actual Gold.

Disclaimer: I do not claim to be a expert on the subject of stocks, trading or even Gold. However, it does stand to reason that when such news as this is report, that it will affect the U.S. markets and the United States financial system. I do however, promote a great investment advice service called Elliotwave. You might want to check it out.