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.

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.

Video: Representative Ron Paul on Wikileaks “Lying is not Patriotic”

Guest Voice: Jack Hunter on The Conservative Case for WikiLeaks

(Via The American Conservative)

Transcript:

Lovers necessarily keep or share secrets. Being in a healthy relationship means achieving a certain level of intimacy, where shared knowledge of each others’ weaknesses and insecurities is protected by a bond of mutual trust. Sometimes lovers might do devilish things that outsiders wouldn’t understand, or shouldn’t be privy to, and this is fine. But by and large, what they do is simply no one else’s business.

But imagine that the man in the relationship kept it a secret that he had other women on the side, kids, a criminal record, venereal disease, and basically betrayed his lover in every way imaginable, unbeknownst to her?

Now imagine a third party felt it was their moral duty to reveal it?

No one questions that governments must maintain a certain level of secrecy, including WikiLeaks founder Julian Assange, who told Time that “Secrecy is important for many things … [but it] shouldn’t be used to cover up abuses.” The entire premise of Assange’s whistleblower organization is this: To what degree is government secrecy justified? And when particular secrets could be damaging to the other partner in the United States government’s relationship — the American people — should these secrets be revealed in the name of protecting the public?

How often does our government use “national security” simply as an excuse to cover up questionable dealings? Reports Time: “in the past few years, governments have designated so much information secret that you wonder whether they intend the time of day to be classified. The number of new secrets designated as such by the U.S. government has risen 75% … . At the same time, the number of documents and other communications created using those secrets has skyrocketed nearly 10 times…”

To say that government must keep secrets is not to say that all government secrets must be kept.

As admitted even by Pentagon officials and Defense Secretary Robert Gates, none of WikiLeaks’ revelations do anything to compromise national security or endanger American lives — but they have wreaked havoc on political life in Washington, D.C. Americans are not supposed to know, for example, that their government bullied and threatened individuals and other governments that might have undermined the Copenhagen climate change summit in 2009. The federal government attempting to squelch anyone who might undermine global-warming dogma? Do WikiLeaks’ conservative critics believe revealing this is a “national security” risk?

Americans are not supposed to know, apparently, that behind the scenes Saudi Arabia has been encouraging the U.S. to take military action against Iran. But if we end up going to war with Iran shouldn’t it be in America’s national interest, and not simply as a subcontractor for another country? Asks Fox News’ Judith Miller: “Why should Americans not know that Arab states, often at the top level, have been urging Washington to take military or other drastic action against Iran, while they publicly oppose such action?”

And when did conservatives become so protective of Hillary Clinton? What happened to the days of the “Stop Hillary Express,” when right-wing talk radio portrayed the former first lady as Satan and theorized about all the devious ways in which, if in power, she might conspire to bring down the country? When WikiLeaks revealed that Secretary of State Clinton tried to obtain DNA, fingerprints, credit-card numbers, and other private information belonging to United Nations officials, we learned that Clinton’s style was every bit as mafia-esque as her conservative critics once warned. Yet conservatives now attack WikiLeaks for revealing what they once feared. It should also be remembered that the same conservatives now calling for Assange’s head either ignored or were sympathetic to Lewis “Scooter” Libby’s outing of CIA operative Valerie Plame allegedly at the Bush administration’s behest — a revelation arguably far riskier to our national security than anything ever released by WikiLeaks.

But the worst hypocrisy throughout this controversy has been in conservatives reflexively defending the government and attacking WikiLeaks. Since when have conservatives believed that Washington should be able to shroud any action it likes in secrecy and that revealing government’s nefarious deeds is tantamount to treason? Isn’t it government officials who might secretly work for corporate, ideological or transnational interests — and against the national interest — who are betraying their country?

Interestingly, Wikileaks’ founder espouses the traditionally conservative, Jeffersonian view that America’s constitutional structure limits and lessens government corruption. Reported Time: “Assange appears to believe that the U.S. has not become ‘a much-worse-behaved superpower’ because its federalism, ‘this strength of the states,’ has been a drag on the combination of the burgeoning power of the central government and a presidency that can expand its influence only by way of foreign affairs.”

Decentralizing government power, limiting it, and challenging it was the Founders’ intent and these have always been core conservative principles. Conservatives should prefer an explosion of whistleblower groups like WikiLeaks to a federal government powerful enough to take them down. Government officials who now attack WikLleaks don’t fear national endangerment, they fear personal embarrassment. And while scores of conservatives have long promised to undermine or challenge the current monstrosity in Washington, D.C., it is now an organization not recognizably conservative that best undermines the political establishment and challenges its very foundations.

—-

The “Southern Avenger” Jack Hunter is a conservative commentator on WTMA 1250 AM talk radio and columnist for the Charleston City Paper in South Carolina.

Elizabeth Edwards RIP

It was inevitable, just not expected this soon. She had just posted a facebook farewell last night:

Elizabeth Edwards, the political wife whose public battle with breast cancer, coping with marital infidelity and continued advocacy for the downtrodden raised her profile above that of her husband, died Tuesday, WRAL News has learned.

Edwards, 61, died at her Chapel Hill home, where family and friends had gathered in recent days after doctors informed her that her cancer had spread and recommended that she not undergo further treatment.

“Today, we have lost the comfort of Elizabeth’s presence, but she remains the heart of this family. We love her and will never know anyone more inspiring or full of life,” the Edwards family said in a statement. “On behalf of Elizabeth, we want to express our gratitude to the thousands of kindred spirits who moved and inspired her along the way. Your support and prayers touched our entire family.”

via Elizabeth Edwards dies :: WRAL.com.

May the Lord Jesus Christ be with the Edwards family; and yes, that does include John, in this hour of loss. May the Lord continue to be with them during this Holiday Season.

And he said unto Jesus, Lord, remember me when thou comest into thy kingdom. And Jesus said unto him, Verily I say unto thee, To day shalt thou be with me in paradise. (Luke 23:42-43 KJV)

God Bless her, this poor lady had to endure more than any woman, let alone mother should ever have to endure. Mrs. Edwards lost a son, and had an total idiot for a Husband, who could not even remain faithful to her. May She find the peace that she was searching for.

I do truly believe that John Edwards and his wife, before the ugliness and separation; were truly populists. They, unlike many of their Democratic peers, truly believed in the ideals that the Original Democratic Party stood for. That everyone, regardless of color, social stature and wealth status; deserved a fair shot at the American dream. When John Edwards was running, during that primary. I would have voted for him in the Democratic Primary. Instead, I voted, at the time, for “none of the above” which was the choice.

Admittedly, my politics changed, greatly, over the course of the 2008 election season, especially when the Democratic Party began to embrace the monster whom they elected. Obama could not hold a candle to the class, and grace that Elizabeth Edwards and at the time, John Edwards showed. The Edwards campaign coined the phrase “Change” and the Obama campaign stole it and used it for their purposes —- which utterly disgusted me.  Thus was one of the biggest reasons why I truly began to reevaluate my stance in politics.

May God Bless the family. I pray for the children. 🙁

Other Bloggers remember here.

Remembering Pearl Harbor – 39 Years Ago Today – December 7, 1941

If you would like to check out my remembrances from 2009 and 2010, please click here and here.

Cassy Fiano, who’s husband is in active duty service; remembers and points out some disturbing things happening at the Pearl Harbor Memorial:

Today marks the 69 year anniversary of the attack on Pearl Harbor. The surprise attack shocked the nation and catapulted the United States into World War II. It was, at the time, the worst attack on American soil. 1,178 were wounded. 2,043 were killed. The water itself burned and bodies of the injured and the dead piled up.

As more are more Pearl Harbor survivors and World War II veterans leave this Earth, it becomes more and more of a distant historical event that we no longer honor and no longer remember. Each year, Pearl Harbor gets a little closer to becoming one of those events that we will only know of thanks to a few pages in a history book. The vast majority of survivors are gone now, and when there are none left, who will keep their memory alive? Who will honor the sacrifices of the fallen? Where survivors once fought the Japanese, they’re now fighting time — fighting to keep the memory of their fallen brothers alive, fighting to ensure that we continue to remember and honor Pearl Harbor always.

This summer, my husband and I chose to go to Hawaii for his pre-deployment leave. One of our first stops was at Pearl Harbor and the USS Arizona Memorial. We had the honor and privilege of meeting several survivors before riding out to the watery tomb of the 1177 American heroes killed that day. 33 survivors of the bombing of the Arizona chose to be interred with their shipmates.

[…]

Seeing the names of these heroes was an emotional moment. Far more saddening was the behavior of the people at the memorial. The park ranger on the boat on the way to the remains of the Arizona laughed and joked about partying that weekend. When learning there were service members aboard — my husband, a sailor, and an airman — she said nothing and continued laughing about her weekend party plans. Once we arrived at the memorial, I was appalled at the lack of respect shown. People ran around the memorial, laughing and joking. I couldn’t understand how anyone could treat the tombs of American heroes so callously. It was a warning sign, in my eyes, that too many have stopped seeing the attack on Pearl Harbor as the horrific day that it was, a day that deserves solemn remembrance and honor.

We can still make a choice, though. We can choose to remember the sacrifices of the men who fought valiantly and died with honor in service to their country.

We can remember men like Frank Flaherty. When it became known that the USS Oklahoma was going to capsize and the order was given to abandon ship, Flaherty chose instead to remain at his post with a flashlight, illuminating the way so that the rest of the turret crew could escape. Flaherty perished with the ship and was posthumously awarded the Medal of Honor.

We can remember men like Doris Miller, Navy Cross recipient. On the bridge of the USS West Virginia, Miller refused to leave his mortally wounded captain, despite enemy bombing and strafing and heavy fire. At great risk to himself, he moved his captain to a safer place and then returned to the bridge where he continued to man and operate a machine gun until ordered to leave the bridge.

We can remember men like William Turner, awarded the Bronze Star. Stationed at the Ewa Marine Corps Air Station, he jumped into the rear cockpit of an airplane with a fellow Marine, Master Sergeant Peters. Both men used the rear machine guns to fire at attacking Japanese planes, and despite being wounded, managed to shoot down one of the enemy planes. Private Turner ultimately died of the wounds he received that day on December 12th.

We can choose to let their memory fade away. Or we can choose to honor their valour, their bravery, their sacrifice.

Remember Pearl Harbor. Remember the men who fought and died 69 years ago today.

Amen and Amen. 😥

Books on Pearl Harbor

Jeff Kuhner takes it to another level: Kill Julian Assange

I figured someone in the Conservative media would say this sooner or later. I thought about it, but I really do not like the idea myself.

Jeff Kuhner at the Washington Times writes:

Julian Assange poses a clear and present danger to American national security. The WikiLeaks founder is more than a reckless provocateur. He is aiding and abetting terrorists in their war against America. The administration must take care of the problem – effectively and permanently.

The recent WikiLeaks document dump is the latest example of Mr. Assange’s dangerous behavior. His release of more than 250,000 U.S. diplomatic cables, many of them containing classified information, is a major blow to our foreign policy. The essence of diplomacy – especially that of a great power – is the ability to conduct negotiations and hold talks in secret. Foreign leaders will not be willing to engage in sensitive discussions with American emissaries if their words are going to be splashed across the front pages of the world’s newspapers. Officials in autocratic and Islamist states often risk their lives to cooperate with Washington, usually by providing vital information or advice. They now face a further disincentive to help us: The U.S. government can no longer guarantee the privacy and secrecy of their discussions.

American diplomacy has been crippled. So has our ability to conduct the war on terrorism. For example, the cables cache reveals that the United States is working closely with Yemen’s dictator, Ali Abdullah Saleh, in launching drone strikes against local al Qaeda bases. Al Qaeda has spread to Yemen. Its insurgency is growing. Yemen risks becoming what Afghanistan was before Sept. 11, 2001: a vast sanctuary for jihadists. Mr. Saleh insists that Yemeni public opinion – insular, xenophobic and increasingly Islamic – will not support the U.S. military presence on domestic soil. Hence, he says the pretense must be maintained that Yemen is firing the missiles, not America. This pretense has been shattered – and with it, perhaps, a key ally in the struggle against al Qaeda. Mr. Assange is helping chase the American infidel out of Yemen’s desolate deserts.

[………]

The United States is paying a severe price for Mr. Obama’s negligence. This is the greatest diplomatic crisis since the late 1940s, when communist agents in the U.S. government provided atomic secrets to the Soviet Union. The world is witnessing the absurd, almost surreal spectacle of the American superpower standing helpless in the face of a lone hacker. Her diplomatic secrets are no longer safe; her allies and friends are being betrayed; and her cyber-enemies are free to roam with impunity. America is no longer feared or respected.

Attorney General Eric H. Holder Jr. vows that he is looking into possible criminal charges against Mr. Assange. It is too late for tough talk. At this point, we are beyond indictments and courts. The damage has been done; people have died – and will die because of the actions of this puerile, self-absorbed narcissist. News reports say the WikiLeaks founder is hiding out in England. If that’s true, we should treat Mr. Assange the same way as other high-value terrorist targets: Kill him

Okay, here is the question that I feel the need to ask. Are we going to kill someone every time some whistle blower decides to speak out and expose some corruption in Government? Because if that is where we are headed, that is a slippery slope we can never recover from. Like anyone else, I am for open Government, I am also for seeing elected officials held accountable. However, if the United States Government and more importantly the United States Military is being put at risk, then by all means, arrest this guy and put him away.

I have no idea what Julian Assanges motivation is; whether it is conspiracy theory, politics or if he is just a pompous ass.  But the idea of KILLING someone, just because decide to release some confidential information is not something, as a Conservative; who believes in rule of law and not Governmental treachery, that I can support. Because once you unleash that monster onto the American and World Wide Community, it cannot be stopped.

I would think that Jeff Kuhner would be a bit smarter than that. However, when you are working for a paper that basically was a cheerleader for the Bush Administration during the lead up to and during the Iraqi Invasion, one can expect only so much.

Others: Reporters Sans Frontières, Hullabaloo, Harry’s Place, Guardian, New York Times, News: News blog and The New Republic

Stock, Gold and Oil Trading Advice: Gold/Silver – Controlling Your Trades, Money & Emotions

Last week we had typical pre-holiday light volume trading going into US Thanksgiving. The previous week I warned every one to trade with extreme caution because of the light volume and the fact that the market is on the verge of a sizable drop for both stocks and commodities. Any price action could not be taken seriously because of the light volume. We will not know until later this coming week what the big money wants to do… Buy or Sell, also what the manipulators will do… Seems like there are a lot of wild cards out there with Europe issues and both unemployment and payroll numbers out on Friday morning.

Below are a few charts showing my intermediate term outlook for gold and silver.

Gold & Silver Futures – Daily Chart
You can see both metal are showing a possible reversal head and shoulders pattern. While they have yet to confirm and close below the neck line we must be aware of this pattern and the risk/potential it provides us with. Both metals are still in an uptrend but showing signs of weakness.

US Dollar Index – Weekly Chart
This chart is not really that helpful for trading stocks, commodities or options right now but I wanted to post it because it allows me to show you how I analyze the market and my trades.

As you can see, the past 3 weeks have been in a strong uptrend reaching the first resistance level. The point of this chart is to show you that if you step out to the next longer time frame you can get a solid feeling of where an investment will find major support and resistance levels. Any investment not matter if it’s a stock, commodity or currency, if the price is trading in the middle of a large range like this chart you should not be taking large positions because it almost becomes a 50/50 bet on the market which is not a good winning strategy unless you are very experienced at managing your trades and money.

If you are going to trade then you want to focus on the underlying trend and you do that by looking at the next larger time frame. For example: if you focus on trading the daily chart, then you must step back each week and review the weekly chart to be sure you are trading with the underlying trend which is up for the dollar right now.

Weekend Trading Ideas:
Tuesday morning we saw the SP500 gap lower and continue to sell off. Traders started panicking out of their long positions and we could see it using the intraday market internals charts, which I cover each morning in the pre-market trading videos. Me being a contrarian (buying into market fear, selling into market strength) I used that high level of fear in the market along with the expected light volume holiday week ahead as an excuse to book profits near the lows on SP500 using the SDS bear fund allowing us to profit from the falling market. I feel we are going to have some crazy moves on the markets going into year end and it should be a lot of fun if done correctly.

Trading in general is a very difficult task especially if you are doing it for a living and planning on using your monthly income to pay bills, salaries etc… We all know the stress which comes with trading and if do not have a solid trading strategy, rules and cannot properly manage yourself (emotions) then you are most likely running into problems like over-trading, getting shaken out of trades easily, and taking bigger risks than your account can handle. Each of these cause more traders to blow up their accounts and big up on trading.

I am giving away my book on how you can control your trades, money and emotions. This short and to the point guide is full of my trading techniques, tips and thoughts which will help you get a handle of your emotions turning the market noise into music.

For great stock, gold and oil trading tips; Please, click here to sign up for this great service for the day trader!

Video: Max Keiser’s Call: Crash JP Morgan Buy Silver

This comes via GoldSilver.com:

Quote:

Mike Maloney was recently in Europe working on his next top-secret project. While passing through France, Mike got the chance to visit with the one and only Max Keiser.

Intelligent, witty, and never bashful, Max Keiser is pure financial entertainment. With over 25 years of experience with markets and finance, Max often draws from first hand experiences when providing his listeners explicit insights on how the financial markets truly operate.

He has been described as a film producer, a journalist, and as JP Morgan and friends are now finding out, an activist investor with powerful ideas on how the masses can help themselves in taking their financial power back.

The Video:

The time in invest in gold and silver is now! Click here to find out how!

Happy Thanksgiving 2010!

Greetings to all the readers of Political Byline. However many there are of you left. 😉

I just wanted to wish everyone that happens to read this blog a very Happy Thanksgiving. 😀

It has, for many, including me, a very rough year. 🙁

The best advice I can give you, is to be grateful for what you do have. 🙂

Believe me, when I tell you this, we all could be much worse off. We still are a free Republic. We are in a dark time, but I still in believe in this Country of ours. We have weathered many a dark storm and we have come through; a little broken and bruised — but we have always managed to find our way back to the right path.  I do believe that is what will happen this time as well.

Because while money and fortune are nice; there is nothing like family.  I think it would be entirely appropriate to remember that there are some out there, that have no family, and will be spending the holiday alone. Keep those people in your prayers.

I also would to mention that we should all keep in our prayers, the many, many, many men and women serving in our Armed Forces around the World, who will not be home for Thanksgiving this year.  They deserve our best, and all of our prayers. May they come home soon and may God protect them during their tour of duty.

Last year, I gave a list of things that I am thankful for. I still feel that way. 🙂 Even more so this year. The Lord has blessed more than I can ever repay. Those are not just hollow words — those are the truth feelings of a man, who has been blessed beyond measure.

I leave you all with the words of President Ronald Reagan:

May you all be truly, truly blessed this Thanksgiving Holiday. 😀

In closing, I leave you with the TRUE message of Thanksgiving. Please, click here to read it.

MarketWatch engages in Federal Reserve propaganda

This is pretty sad considering who owns the website:

Then there is this:

Gold has become highly prized bling, as anxious and astute buyers alike, from hedge-fund players to central bankers, flock to the “currency of fear.” Gold at around $1,400 an ounce is almost double what it commanded two years ago, and gold’s price is up almost 25% so far this year alone.

It’s been a great ride. Except gold is a bad investment.

Gold’s feverish run has made a lot of people a lot of money, and though the rally has taken a breather in the last few days, there’s no shortage of flag-waving supporters who claim gold is on a march to $1,600, $1,800, $2,000 and beyond. After all, gold is still well below its 1980 peak, when it was worth around $2,300 an ounce in today’s dollars.

….and this:

“Mercury poisoning,” is the answer from Barry Ritholtz, the very outspoken CEO and director of equity research at Fusion IQ, when asked where Zoellick’s idea might have come from.

Zoellick, also a former Treasury official in the Reagan administration and managing director at Goldman Sachs, made his suggestion in an op-ed in the Financial Times last Sunday, just days ahead of the Group of 20 major countries meeting in Seoul.

The suggestion was made to world leaders in order to address “global imbalances,” the diplomatic expression being used to refer to the impact of China’s vastly undervalued renminbi on other countries’ competitiveness.

All of the above is pure garbage. Gold is a hedge against inflation and the dollar. Do not listen to the Statists who want to seize all of the gold and give you a worthless dollar.

By the way, here is some SOUND investment advice pertaining to Gold:

There have been some major trend changes recently and it looks as though more investments are about to follow. The real question though is… Are You Ready To Take Advantage Of It?

It has been an exciting ride to say the least with the equities and metals bull market and the plummeting dollar. But it looks as though their time is up, or at least for a few weeks. Traders and investors will slowly pull money off the table to lock in gains or cut losses and re-evaluate the overall market condition before stepping back up to the plate and taking another swing.

Below are a few charts showing some possible money making trade ideas in the weeks ahead.

TBT 20+ Treasury Note Inverse Fund

This fund moves inverse to the price of the 20yr T.N’s also known as bonds. Looking at the chart you can see the recent reversal which took place. We had a great entry point shortly after this reversal took place using my low risk setup strategy.

Falling bond prices are considered to have a negative impact on equities because it implies that interest rates may start rising which means more investors will pull money out of stocks and put that money into a safe interest earning investment. You will typically see bonds change direction before equities. That being said the chart below is an inverse fund, so when this bond fund goes up, it means actually indicates bond yields are falling. I will admit these inverse funds really throw my brain for a loop at time… I prefer the good old days, buying long and selling short… so simple and clean… —- Read the rest Here

I ask you, go read the rest of that; listen to people, like the man at this link, who want to see you make and keep your money. Not force you to trust in an unsound money system, like the United States Dollar.  If you are not interested in FTS’s and would to buy actual Gold, then try this link here.

In fact, here is a video that explain why you should own Gold and Silver:

Is it not just good common sense to have a backup plan? Do not delay, invest in Gold and Silver today.

Please Note: In the interest of full disclosure — There are links in this blog posted that if click on and product bought or signed up for, will result in the compensation of myself. This will come with no price increase to the customer at all.  Think of it, as an easy way to support this blog and yours truly.


Video: Charlton Heston speaks about A Torch With No Flame

I believe every American should watch this video….at least once.

I believe it is the duty of all liberty and freedom loving Americans to join this wonderful organization, if you are able.

So, Please…:

Because some rights are just not negotiable.

Please note: This was an totally unsolicited post. The NRA does not have a damned clue, who I even am. I do not belong to the organization….yet.  I do not make a dime off of your joining this wonderful and American organization. But I highly encourage you to join, because America needs people, like you I to stand up for what is rightly ours.

Bill O’Reilly interviews President George W. Bush

I have to give the man credit where it is due. Bill O’Reilly really gave Bush a good grilling here. Although, to his credit also, President Bush did stick to his guns.

Here part one and part two of the interview: (H/T Bill O’Reilly online)

Get the book:

Disclosure: I do make a little bit of money, if you order one of these books. You won’t pay any extra for it. It is capitalism, and I like capitalism, don’t you? 😉

Reality sets in: Obama White House caves on Tax Cuts

….and the left is not happy about it either. 😯

The Huffington Post reports:

WASHINGTON — President Barack Obama’s top adviser suggested to The Huffington Post late Wednesday that the administration is ready to accept an across-the-board, temporary continuation of steep Bush-era tax cuts, including those for the wealthiest taxpayers.

That appears to be the only way, said David Axelrod, that middle-class taxpayers can keep their tax cuts, given the legislative and political realities facing Obama in the aftermath of last week’s electoral defeat.

“We have to deal with the world as we find it,” Axelrod said during an unusually candid and reflective 90-minute interview in his office, steps away from the Oval Office. “The world of what it takes to get this done.”

“There are concerns,” he added, that Congress will continue to kick the can down the road in the future by passing temporary extensions for the wealthy time and time again. “But I don’t want to trade away security for the middle class in order to make that point.”

It has been widely assumed that the president would have to accept an across-the-board deal of some kind, but Axelrod’s remarks were the first public confirmation of that fact — and by a figure regarded as closer to Obama than any other White House staffer.

Also dealing “with the world as we find it,” Axelrod declined repeatedly to comment on any of the controversial debt-reduction measures suggested by the chairs of the president’s own commission — even those, such as raising the Social Security retirement age, that go against Obama campaign pledges and strike at the heart of Democratic constituencies.

He said that the White House would wait until the commission made its final recommendations on Dec. 1 before adding, “the president’s commitments haven’t changed.”

This is the consequence of the election.  The President is in full on, “I will give you whatever you want, just please do not hurt me!” mode. This is what happens when your Party has lost an election. It is called conceding power.  It is something that the Democrats are never good at doing, at all.  The unpopular truth is, that the Democrats have no one to blame, but themselves. They are the ones who overreached during the 2008 election and promptly kicked their base square in the jewels and left them out in the cold.  They are the ones who, instead of passing job creation bills and a stimulus bill and waiting to see of the economy recovered — instead passed a unpopular health-care bill that no one understood, much less wanted; and now they are paying the price for that stupidity.

The best these jackass idiots can do, is to continue to blame Bush over and over for something that he really had nothing do with. In fact, had Bush not taken some of the steps that he had; we would be in a full on 1930’s or worse style of massive depression.  Needless to say, some of Bush’s actions did not sit too well with his base.  Either way, the Democrats will use Bush as the proverbial “Human Shield” for a long time to come, when they are not spewing hate about him like this here: (H/T The Right Scoop Originally at The Blaze)

Needless to say, I believe that 2012 will be a referendum on this sort of blind hatred towards Republicans and Conservative values that people like me, hold dear. Further more, I believe that the 2012 elections will be a huge sea change of power and the Democrats will be sent to the wilderness, where they belong.

However, because I am a fair and balanced type of person and because I just do not carry water for ANY political party; I will say this — The Republican Party has one more chance to get it right. If it blows it this time and in 2012, they are sunk and our Nation, as a whole, will most likely be sunk as well. Here is hoping, for the sake and good of this Country, that they do it right and not screw it up. We are counting on you all, please….. Get it right.

Video: Rick Santelli on what the Tea Party means to him

Via OUR LIVES, OUR FORTUNES & OUR SACRED HONOR:

Quote of the Day

Conservatives talked a lot about Ronald Reagan this year, but they have to take him more to heart, because his example here is a guide. All this seemed lost last week on Sarah Palin, who called him, on Fox, “an actor.” She was defending her form of political celebrity—reality show, “Dancing With the Stars,” etc. This is how she did it: “Wasn’t Ronald Reagan an actor? Wasn’t he in ‘Bedtime for Bonzo,’ Bozo, something? Ronald Reagan was an actor.”

Excuse me, but this was ignorant even for Mrs. Palin. Reagan people quietly flipped their lids, but I’ll voice their consternation to make a larger point. Ronald Reagan was an artist who willed himself into leadership as president of a major American labor union (Screen Actors Guild, seven terms, 1947-59.) He led that union successfully through major upheavals (the Hollywood communist wars, labor-management struggles); discovered and honed his ability to speak persuasively by talking to workers on the line at General Electric for eight years; was elected to and completed two full terms as governor of California; challenged and almost unseated an incumbent president of his own party; and went on to popularize modern conservative political philosophy without the help of a conservative infrastructure. Then he was elected president.

The point is not “He was a great man and you are a nincompoop,” though that is true. The point is that Reagan’s career is a guide, not only for the tea party but for all in politics. He brought his fully mature, fully seasoned self into politics with him. He wasn’t in search of a life when he ran for office, and he wasn’t in search of fame; he’d already lived a life, he was already well known, he’d accomplished things in the world.

Here is an old tradition badly in need of return: You have to earn your way into politics. You should go have a life, build a string of accomplishments, then enter public service. And you need actual talent: You have to be able to bring people in and along. You can’t just bully them, you can’t just assert and taunt, you have to be able to persuade.

I voted

Yes, I did.

Here’s my sticker to prove it:

My Sticker

Another shot:

Good spot for that sticker! 🙂

I do hope that you would do the same, because honestly, those who do not vote — have no right to complain.

Yes, I voted Republican. Because no libertarian has ever won an election that meant anything and because I believe that the Republican Party learned its lesson with the mistakes of Bush and is now working to get back to its true principles.

I love this Country and I want to see the America; that I grew up in, preserved. My vote was an effort to do just that.

I will be blogging about the returns later tonight. Hopefully, we can right this ship.

Happy Reformation Day 2010!

As a Christian and a Baptist, I do not celebrate Pagan or Satanic Holidays like Halloween.

I do however, celebrate a historic Christian Holiday called Reformation Day. That is when Martin Luther, a Catholic Priest said, “Enough, is Enough!” and proceeded to lead the way out of the Roman Catholic Church.

Here are, in their entirety, Martin Luther’s 95 Theses: (Via Conrad Askland)

Disputation of Doctor Martin Luther
on the Power and Efficacy of Indulgences
by Dr. Martin Luther (1517)
Published in:
Works of Martin Luther:
Adolph Spaeth, L.D. Reed, Henry Eyster Jacobs, et Al., Trans. & Eds.
(Philadelphia: A. J. Holman Company, 1915), Vol.1, pp. 29-38

_______________

Out of love for the truth and the desire to bring it to light, the following propositions will be discussed at Wittenberg, under the presidency of the Reverend Father Martin Luther, Master of Arts and of Sacred Theology, and Lecturer in Ordinary on the same at that place. Wherefore he requests that those who are unable to be present and debate orally with us, may do so by letter.

In the Name our Lord Jesus Christ. Amen.

1. Our Lord and Master Jesus Christ, when He said Poenitentiam agite, willed that the whole life of believers should be repentance.

2. This word cannot be understood to mean sacramental penance, i.e., confession and satisfaction, which is administered by the priests.

3. Yet it means not inward repentance only; nay, there is no inward repentance which does not outwardly work divers mortifications of the flesh.

4. The penalty [of sin], therefore, continues so long as hatred of self continues; for this is the true inward repentance, and continues until our entrance into the kingdom of heaven.

5. The pope does not intend to remit, and cannot remit any penalties other than those which he has imposed either by his own authority or by that of the Canons.

6. The pope cannot remit any guilt, except by declaring that it has been remitted by God and by assenting to God’s remission; though, to be sure, he may grant remission in cases reserved to his judgment. If his right to grant remission in such cases were despised, the guilt would remain entirely unforgiven.

7. God remits guilt to no one whom He does not, at the same time, humble in all things and bring into subjection to His vicar, the priest.

8. The penitential canons are imposed only on the living, and, according to them, nothing should be imposed on the dying.

9. Therefore the Holy Spirit in the pope is kind to us, because in his decrees he always makes exception of the article of death and of necessity.

10. Ignorant and wicked are the doings of those priests who, in the case of the dying, reserve canonical penances for purgatory.

11. This changing of the canonical penalty to the penalty of purgatory is quite evidently one of the tares that were sown while the bishops slept.

12. In former times the canonical penalties were imposed not after, but before absolution, as tests of true contrition.

13. The dying are freed by death from all penalties; they are already dead to canonical rules, and have a right to be released from them.

14. The imperfect health [of soul], that is to say, the imperfect love, of the dying brings with it, of necessity, great fear; and the smaller the love, the greater is the fear.

15. This fear and horror is sufficient of itself alone (to say nothing of other things) to constitute the penalty of purgatory, since it is very near to the horror of despair.

16. Hell, purgatory, and heaven seem to differ as do despair, almost-despair, and the assurance of safety.

17. With souls in purgatory it seems necessary that horror should grow less and love increase.

18. It seems unproved, either by reason or Scripture, that they are outside the state of merit, that is to say, of increasing love.

19. Again, it seems unproved that they, or at least that all of them, are certain or assured of their own blessedness, though we may be quite certain of it.

20. Therefore by “full remission of all penalties” the pope means not actually “of all,” but only of those imposed by himself.

21. Therefore those preachers of indulgences are in error, who say that by the pope’s indulgences a man is freed from every penalty, and saved;

22. Whereas he remits to souls in purgatory no penalty which, according to the canons, they would have had to pay in this life.

23. If it is at all possible to grant to any one the remission of all penalties whatsoever, it is certain that this remission can be granted only to the most perfect, that is, to the very fewest.

24. It must needs be, therefore, that the greater part of the people are deceived by that indiscriminate and highsounding promise of release from penalty.

25. The power which the pope has, in a general way, over purgatory, is just like the power which any bishop or curate has, in a special way, within his own diocese or parish.

26. The pope does well when he grants remission to souls [in purgatory], not by the power of the keys (which he does not possess), but by way of intercession.

27. They preach man who say that so soon as the penny jingles into the money-box, the soul flies out [of purgatory].

28. It is certain that when the penny jingles into the money-box, gain and avarice can be increased, but the result of the intercession of the Church is in the power of God alone.

29. Who knows whether all the souls in purgatory wish to be bought out of it, as in the legend of Sts. Severinus and Paschal.

30. No one is sure that his own contrition is sincere; much less that he has attained full remission.

31. Rare as is the man that is truly penitent, so rare is also the man who truly buys indulgences, i.e., such men are most rare.

32. They will be condemned eternally, together with their teachers, who believe themselves sure of their salvation because they have letters of pardon.

33. Men must be on their guard against those who say that the pope’s pardons are that inestimable gift of God by which man is reconciled to Him;

34. For these “graces of pardon” concern only the penalties of sacramental satisfaction, and these are appointed by man.

35. They preach no Christian doctrine who teach that contrition is not necessary in those who intend to buy souls out of purgatory or to buy confessionalia.

36. Every truly repentant Christian has a right to full remission of penalty and guilt, even without letters of pardon.

37. Every true Christian, whether living or dead, has part in all the blessings of Christ and the Church; and this is granted him by God, even without letters of pardon.

38. Nevertheless, the remission and participation [in the blessings of the Church] which are granted by the pope are in no way to be despised, for they are, as I have said, the declaration of divine remission.

39. It is most difficult, even for the very keenest theologians, at one and the same time to commend to the people the abundance of pardons and [the need of] true contrition.

40. True contrition seeks and loves penalties, but liberal pardons only relax penalties and cause them to be hated, or at least, furnish an occasion [for hating them].

41. Apostolic pardons are to be preached with caution, lest the people may falsely think them preferable to other good works of love.

42. Christians are to be taught that the pope does not intend the buying of pardons to be compared in any way to works of mercy.

43. Christians are to be taught that he who gives to the poor or lends to the needy does a better work than buying pardons;

44. Because love grows by works of love, and man becomes better; but by pardons man does not grow better, only more free from penalty.

45. Christians are to be taught that he who sees a man in need, and passes him by, and gives [his money] for pardons, purchases not the indulgences of the pope, but the indignation of God.

46. Christians are to be taught that unless they have more than they need, they are bound to keep back what is necessary for their own families, and by no means to squander it on pardons.

47. Christians are to be taught that the buying of pardons is a matter of free will, and not of commandment.

48. Christians are to be taught that the pope, in granting pardons, needs, and therefore desires, their devout prayer for him more than the money they bring.

49. Christians are to be taught that the pope’s pardons are useful, if they do not put their trust in them; but altogether harmful, if through them they lose their fear of God.

50. Christians are to be taught that if the pope knew the exactions of the pardon-preachers, he would rather that St. Peter’s church should go to ashes, than that it should be built up with the skin, flesh and bones of his sheep.

51. Christians are to be taught that it would be the pope’s wish, as it is his duty, to give of his own money to very many of those from whom certain hawkers of pardons cajole money, even though the church of St. Peter might have to be sold.

52. The assurance of salvation by letters of pardon is vain, even though the commissary, nay, even though the pope himself, were to stake his soul upon it.

53. They are enemies of Christ and of the pope, who bid the Word of God be altogether silent in some Churches, in order that pardons may be preached in others.

54. Injury is done the Word of God when, in the same sermon, an equal or a longer time is spent on pardons than on this Word.

55. It must be the intention of the pope that if pardons, which are a very small thing, are celebrated with one bell, with single processions and ceremonies, then the Gospel, which is the very greatest thing, should be preached with a hundred bells, a hundred processions, a hundred ceremonies.

56. The “treasures of the Church,” out of which the pope. grants indulgences, are not sufficiently named or known among the people of Christ.

57. That they are not temporal treasures is certainly evident, for many of the vendors do not pour out such treasures so easily, but only gather them.

58. Nor are they the merits of Christ and the Saints, for even without the pope, these always work grace for the inner man, and the cross, death, and hell for the outward man.

59. St. Lawrence said that the treasures of the Church were the Church’s poor, but he spoke according to the usage of the word in his own time.

60. Without rashness we say that the keys of the Church, given by Christ’s merit, are that treasure;

61. For it is clear that for the remission of penalties and of reserved cases, the power of the pope is of itself sufficient.

62. The true treasure of the Church is the Most Holy Gospel of the glory and the grace of God.

63. But this treasure is naturally most odious, for it makes the first to be last.

64. On the other hand, the treasure of indulgences is naturally most acceptable, for it makes the last to be first.

65. Therefore the treasures of the Gospel are nets with which they formerly were wont to fish for men of riches.

66. The treasures of the indulgences are nets with which they now fish for the riches of men.

67. The indulgences which the preachers cry as the “greatest graces” are known to be truly such, in so far as they promote gain.

68. Yet they are in truth the very smallest graces compared with the grace of God and the piety of the Cross.

69. Bishops and curates are bound to admit the commissaries of apostolic pardons, with all reverence.

70. But still more are they bound to strain all their eyes and attend with all their ears, lest these men preach their own dreams instead of the commission of the pope.

71. He who speaks against the truth of apostolic pardons, let him be anathema and accursed!

72. But he who guards against the lust and license of the pardon-preachers, let him be blessed!

73. The pope justly thunders against those who, by any art, contrive the injury of the traffic in pardons.

74. But much more does he intend to thunder against those who use the pretext of pardons to contrive the injury of holy love and truth.

75. To think the papal pardons so great that they could absolve a man even if he had committed an impossible sin and violated the Mother of God — this is madness.

76. We say, on the contrary, that the papal pardons are not able to remove the very least of venial sins, so far as its guilt is concerned.

77. It is said that even St. Peter, if he were now Pope, could not bestow greater graces; this is blasphemy against St. Peter and against the pope.

78. We say, on the contrary, that even the present pope, and any pope at all, has greater graces at his disposal; to wit, the Gospel, powers, gifts of healing, etc., as it is written in I. Corinthians xii.

79. To say that the cross, emblazoned with the papal arms, which is set up [by the preachers of indulgences], is of equal worth with the Cross of Christ, is blasphemy.

80. The bishops, curates and theologians who allow such talk to be spread among the people, will have an account to render.

81. This unbridled preaching of pardons makes it no easy matter, even for learned men, to rescue the reverence due to the pope from slander, or even from the shrewd questionings of the laity.

82. To wit: — “Why does not the pope empty purgatory, for the sake of holy love and of the dire need of the souls that are there, if he redeems an infinite number of souls for the sake of miserable money with which to build a Church? The former reasons would be most just; the latter is most trivial.”

83. Again: — “Why are mortuary and anniversary masses for the dead continued, and why does he not return or permit the withdrawal of the endowments founded on their behalf, since it is wrong to pray for the redeemed?”

84. Again: — “What is this new piety of God and the pope, that for money they allow a man who is impious and their enemy to buy out of purgatory the pious soul of a friend of God, and do not rather, because of that pious and beloved soul’s own need, free it for pure love’s sake?”

85. Again: — “Why are the penitential canons long since in actual fact and through disuse abrogated and dead, now satisfied by the granting of indulgences, as though they were still alive and in force?”

86. Again: — “Why does not the pope, whose wealth is to-day greater than the riches of the richest, build just this one church of St. Peter with his own money, rather than with the money of poor believers?”

87. Again: — “What is it that the pope remits, and what participation does he grant to those who, by perfect contrition, have a right to full remission and participation?”

88. Again: — “What greater blessing could come to the Church than if the pope were to do a hundred times a day what he now does once, and bestow on every believer these remissions and participations?”

89. “Since the pope, by his pardons, seeks the salvation of souls rather than money, why does he suspend the indulgences and pardons granted heretofore, since these have equal efficacy?”

90. To repress these arguments and scruples of the laity by force alone, and not to resolve them by giving reasons, is to expose the Church and the pope to the ridicule of their enemies, and to make Christians unhappy.

91. If, therefore, pardons were preached according to the spirit and mind of the pope, all these doubts would be readily resolved; nay, they would not exist.

92. Away, then, with all those prophets who say to the people of Christ, “Peace, peace,” and there is no peace!

93. Blessed be all those prophets who say to the people of Christ, “Cross, cross,” and there is no cross!

94. Christians are to be exhorted that they be diligent in following Christ, their Head, through penalties, deaths, and hell;

95. And thus be confident of entering into heaven rather through many tribulations, than through the assurance of peace.

That my friends, is a Holiday worth celebrating. That also is the huge difference between Catholics and Protestants.

Cartoons of the Day

These all come via Bible Believers.com:

Still true today... Cartoon is from the 1950's

This one is so true…:

You won’t see this in a newspaper today:

So True. Amen!

Our Nation's Foundation.

Until the United States of America does this, we will never recover.

Good Question!

That's where it starts

It is our bedrock.

If only we'd listened back then

Amen.

Hamilton Nolan continues to prove that he is a liberal putz

Go feast your eyes on it; if you have the stomach to read it:

What a week Juan Williams has had! From mild-mannered NPR analyst and Fox News liberal stand-in to multimillionaire full-time Fox News guy, thanks to one dumb comment. Fair warning, Juan: you’re about to throw away your entire career. Needlessly.

Ever heard that little tune, “Everyone’s a Little Bit Racist”? It’s quite true. Even you, Juan. Look, we don’t think you’re any more bigoted than the average person. In the circles in which you run, you’re probably much less bigoted than the average person. But saying that you fear people who look like Muslims is a bigoted statement.

But, really, you don’t have to let that fuck you up! Simply acknowledge what it is, apologize, and move on. You’re a respected black journalist with a long track record of civil rights journalism. (Although not as respected as you were before your Fox News pundit days began). You can overcome one dumb statement. Apologize! Vow to improve your character! Move on. — Read the rest at the liberal rag Gawker.com

Obviously, this liberal douche nozzle never reads anything other than liberal Blogs; because if he had actually read, say, my blog or hotair.com, he would know that Juan Williams is not the only one saying what Juan said on Bill O’Reilly’s show. So, obviously, the only person here that is making the mistake — is this liberal moron Hamilton Nolan.  Nolan is, from what I assume; some white liberal elitist, who thinks because he is one of those enlightened liberals, that it gives him the right to tell Juan Williams what to think, feel and say.

This is all, as I have written about many times on this blog; just your typical liberal elite mentality, when it comes to minorities. We saw this with Rick Sanchez; which caused him to go off on an Anti-Semitic rant; and now were are seeing with Juan Williams. It is a fact, that liberals, like this Nolan idiot, are under some sort of delusion that they are entitled to tell Juan Williams how to think, feel and act. The funny thing is, 50 years ago, these same liberal Democrats, were still lynching black men, like Juan. Which is what happened this time — except it did not involve rope and trees; it involved a white woman and her friends at a public-funded media outlet. So, nothing has changed, at all —  just the methods — instead of trees and rope — they just fired the man. Luckily for Juan, I would assume.

Video: Gold and Silver Manipulation Exposed by GATA

An interesting video:

Get this DVD by clicking here

Invest in Silver and Gold, by Clicking Here

If Rachel Maddow does not retract this statement, she should be FIRED!

Video:

The Story via NewsBusters:

“Lean Forward,” MSNBC’s new slogan suggests. The better to stick a shiv in your opponent’s back.
Ethics-averse Rachel Maddow did exactly that on her MSNBC show last night. After disparaging Republican candidates for their gall in criticizing reckless federal spending and government-controlled health care, Maddow made this jaw-dropper of a claim —

MADDOW: Yes, this has happened to a smaller degree before. In 1994, in the first mid-term election after the last Democratic president was elected, we got a slate of candidates that included Helen Chenoweth of Idaho and Steve Stockman of Texas. These two were so close to the militia movement in this country that Mr. Stockman actually received advance notice that the Oklahoma City bombing was going to happen.

… and by that, Maddow implies, Stockman consigned 168 innocent people to death. Except that Stockman received no such prior, uh, “notice” (note how Maddow did not say “warning”) , which explains why Maddow neglected to attribute this outlandish assertion to a source, any source.

Problem is, she’d have trouble doing so beyond left-wing fever swamps comparable to MSNBC. A perfunctory search through Google quickly reveals evidence refuting Maddow’s claim.
For example, on April 25, 1995, six days after the destruction of the Murrah federal building, the Dallas Morning News ran this story under the headline, “Fax referring to bombing sent by ex-GOP Texas official, party aide says” —

Mr. Stockman on Sunday denied reports that his office passed the fax to the National Rifle Association and failed to give it to the FBI. Yesterday he released a letter to the FBI confirming his version of events.
Mr. Stockman also said that a staff member had given the fax to the NRA without his permission. He said he was considering whether to discipline the aide.
Telephone toll records indicate that the fax was sent about 50 minutes after the bombing, a federal official said.

According to the Morning News, a hand-written message on the fax read, “First update. Bldg 7 to 10 floors only. Military people on scene — BATF/FBI. Bomb threat received last week. Perpetrator unknown at this time. Oklahoma.” The machine that sent the fax to Stockman stamped “Wolverine” at the top of the page, the Morning News reported.
That Stockman received the fax after the bombing was also reported in a June 22, 1995 column in the Houston Press by Jim Simmon, titled “God, Guns and Kombucha: Is Steve Stockman a committed crackpot, or just a hapless goofball?”As its headline suggests, this was hardly a puff piece favorable toward Stockman. Nonetheless, Simmon wrote —

Contrary to suggestions in some earlier reports, Stockman’s office had received the fax after the bombing and promptly passed it on to the FBI. (Ironically, the initial misunderstanding about the fax was propagated by the National Rifle Association, Stockman’s chief patron.)

I’ll venture a guess that self-proclaimed geek Maddow not only has access to computers, but that those computers are connected to the Internet — leading to all sorts of wondrous possible discoveries (and, alas, inconvenient facts), assuming a person is inclined to look.

This is nothing more than straight up lying on the air; she should be fired, and if MSNBC has an ounce of integrity; they would terminate her employment. However, because I know that network well, I know that nothing will happen.

What really pisses me off about this whole thing, is this:

Maddow’s mention of late congresswoman Helen Chenoweth-Hage is even more gratuitous than her attempt at character assassination of Stockman. Chenoweth and Stockman “were so close to the militia movement,” Maddow says, that he, Stockman, but not she, Chenoweth, received “advance notice” of the bombing. Chenoweth-Hage, killed in a 2006 car accident, is no longer able to defend herself. Maddow didn’t give Stockman the chance.

Slandering dead people, that is the Democratic Party of today. 🙄  Which is why I will never vote for that party; ever again. Sarcastic smile

Others: Outside the Beltway, BLACKFIVE, Weasel Zippers, JammieWearingFool, iOwnTheWorld.com, Megan McArdle

American Icon Tom Bosley Dies at 83

Sad news to report here…. Sad smile

Via ABC NEWS:

tom-bosleyLOS ANGELES (Reuters) – Actor Tom Bosley, whose career spanned five decades and included his role as the father of a typical American family on popular 1970s TV comedy "Happy Days," has died after a long battle with lung cancer, age 83.

The actor died at his home just outside Palm Springs, California on Tuesday, his family said in a statement.

Bosley’s everyday manner and looks helped him forge a career in Hollywood as a character actor and guest star in a number of popular 1960s television shows such as "Route 66," "Dr. Kildare," "Marcus Welby, M.D." and "Bonanza."

But it was on the long-running "Happy Days" that he enjoyed his biggest success, playing the father of the show’s central character Richie Cunningham, who was a teenager growing up in the 1950s.

"Happy Days" ran from 1974 to 1984 and was a smash hit series that made Henry Winkler (Fonzie) a major Hollywood star and sparked the adult success of Ron Howard, who played Richie and would later go on to a career as a film director.

Winkler told a local Los Angeles radio station that the cast and crew were "a family" and that Bosley was "one of the dads on set."

"I spoke to him just a few weeks ago, and he seemed to be getting his strength back and doing really well," Winkler said.

 

Such a tragic story. I grew up watching that show as a kid. All of our icons are dying. It is so very sad.

Barbara Billingsley, America’s Mom, has passed away

Video:

The Story via CNN:

Barbara Billingsley, who wore a classy pearl necklace and dispensed pearls of wisdom as America’s quintessential mom on “Leave it to Beaver,” has died at age 94, a family spokeswoman said Saturday.

The actress passed away at 2 a.m. (5 a.m. ET) Saturday at her home in Santa Monica, California, after a long illness, spokeswoman Judy Twersky said. A private memorial is being planned.

Actor Jerry Mathers, who played Theodore “Beaver” Cleaver, called Billingsley a lifetime mentor.

“Barbara was a patient advisor and teacher. She helped me along this challenging journey through life by showing me the importance of manners, and respect for others,” Mathers said in a statement. “She will be missed by all of her family, friends, fans and most especially by me.”

Tony Dow, who played Beaver’s brother, Wally Cleaver, also reflected on Billingsley’s legacy.

“She was as happy as a lark being recognized as America’s mom,” Dow told CNN’s Don Lemon. “She had a terrific life and had a wonderful impact on everybody she knew, and even people she didn’t know.”

She was the embodiment of what America used to be, before the ugliness set in.

Perhaps fittingly, “Leave it to Beaver” was canceled in 1963 on the eve of the JFK assassination, the Vietnam War and the tumult of the 1960s.

Hence, the ugliness of the 1960’s that I speak of. Say what you wish; but the 1960’s hippy movement in America turned it quite ugly. America’s golden age was replaced by the ugliness of the socialist hippy movement. If only we could go back to the 1960’s and someone could have screamed at John F. Kennedy, “NO! Do not start a war in Vietnam!, you are going to destroy this Country and everything that it was founded upon!” Perhaps America would be a much different place now.

There is something else, that I liked about this woman; was this here:

Asked once to compare real-life families to TV families, Billingsley responded, “I just wish that we could have more families like those. Family is so important, and I just don’t think we have enough people staying home with their babies and their children.”

That my friends, is how America used to be; before the liberalism of the 1960’s. When women knew their place in society, and still followed the Bible’s mandate on the role of a woman in the family.  This was before the ugliness of the 1960’s, when a woman was taught that her sex organs were weapons and could be used to her advantage.

But alas, that America is gone for good, it its place, is an ugly America that is slowly beginning to destroy itself. We can never go back; but we always remember.

Rest in Peace Barbara, you lived a life that was full and you were a “Mom” to hundreds of millions —- including me.

Mrs. Billingsley is survived by her two sons, Drew and Glenn, Jr., who have, since 1974 owned and operated the Billingsley’s Steak House restaurant in West Los Angeles, in the tradition of their father and their great-uncle, Sherman Billingsley, founder of New York City’s very fashionable 1940s-era nightclub, the Stork Club.

Here is a perfect reason why I will never vote Democrat again, ever

Some video clips, but first a little housekeeping —- sorry for the lack of posts. I passed out asleep and didn’t wake up till 12:00 midnight.

Anyhow, here are three video clips, all of which I saw over at HotAir.com:

The first one is where Bill O. is on the view and he makes the fetal mistake of ID’ing who actually attacked us on 9/11:

My friends, after 10 years, if we cannot say Muslim’s attacked us on 9/11 without having to add the radical part, then something is seriously wrong. We usually do not say, radical Japanese attacked us at Pearl Harbor, nor do we say that Germany under Hitler was radical Germany —- we just call them Germans. I ask you people, why the hell do we have to give the god damned Muslims in this Country some sort of god damned special treatment!?!?!?! Now the argument here is, that if you do not use the term “Radical Muslims”, that you imply that ALL Muslims are terrorists; to which I say, ever read their Koran? I am just saying….

Now this next clip is beyond belief, to add insult to injury, Joy Behar invites Jesse Ventura; Yes, Jesse “I think Bush and Cheney caused 9/11” Ventura:

Finally, here is the clip of Bill O. talking with Laura Ingraham ripping on Behar and Whoopie on the walkout and basically saying what I said; Now I know that I have ripped on Ingraham on here in the past, calling her a shrieking Harpy, when I thought it was due, I have also made fun of her, when she has done silly stuff, case and point, see here —  But this time, Bill O’Reilly and yes, Laura Ingraham are both right, the damned liberals, as usual, are straight up wrong and are trying to play some sort of political correctness game with 9/11, which I happen to know is straight up BULLSHIT. Anyhow, here’s the clip of Bill O and Ingraham:

Again, let me say, I agree with both of these people 100 percent; it was Muslims that attacked us on 9/11, it was not Christians, it was not Jews, it was not Hindus; it was Muslims. To say anything other than this, excuses the group that attacked us. What about so-called peace loving Muslims? Well, to that I say this, when the Muslim Community decides to confront, head on, the radical element within their own religion abroad and here in America —- then I might start making that distinction, until that starts happening, all bets are off.

Further more, let me get into something else here. This whole idea, by some, on the liberal left, that Bush did 9/11. Now to normal sane Americans; this idea that President George W. Bush caused or ordered the attacks on 9/11 is pure insanity. But to some of the left, it is a true fact. Honestly, only about 1% actually believe that Bush caused 9/11. The rest of the left, use that little line, out of anger — over losing the 2000 and 2004 elections. I ought to know, I used to vote Democrat, up until 2007, when I decided that the Democratic Party had went too far to the left for even my liking.

This whole idea that Bush caused 9/11 and Democrats calling for a formal investigation into events surrounding 9/11, and also the lead up to the Iraq War is nothing more than political retribution towards the Republican Party and towards George W. Bush —- because the Democrats lost 2000 and 2004. As you all know, in 2000, the Democrats ran an unelectable buffoon named Al Gore. In 2004, Same deal, different person. Losing both of those elections have burned Democrats for years. Hence the continued inferring that Bush caused 9/11. Plus, on top of that, there was the Iraq War; which was the liberal “cause” here, up until someone within the liberal establishment decided that the Iraq War was no longer worth making the entire liberal movement look stupid and they dropped it as a whole. Then there is the afghan war; which the opposition to it, has been rather muted. Because the liberal establishment knows that if they turn on that War that the Democratic Party to the rest of America, will look like the biggest bunch of hypocrites ever. Which they are, but I digress. Either way, these videos just show you; one, the hypocrisy of the liberals and two, how bad that the liberal movement has become, when it comes to freedom of speech.

Come November 2, I will either be voting for Libertarians or Republicans. I have no really decided which; at this point, I am most likely pulling the lever for the Republicans. Because we need to right the ship and the libertarians have never won anything at all, and I want to vote for a winner this time; especially here in Michigan. We have had enough of Democratic failure, me especially, being out of work since 2005, it does really suck. Instead of doing the normal blaming of the Republicans, like some people I know around here do, I am facing reality and saying that Granholm and her polices failed and am voting different.

…and I hope you will do the same….