Ugh: Video: Ugliness at #OccupyWallStreet protest

This comes via Dan Riehl:

This is why this video, which is in my “About this Blog” section is so important! Here is the REAL relevant part of this video:

cropped with SnipSnip

You people on Mobile devices might not be able to see the snipped video; but the rest of us can.

This my friends, is why I blog. We simply cannot allow haters to scapegoat this economic recession on a particular group of people. It is anti-freedom to do so. For this and many other reasons, is why I write.

For the record, it was not just one person either; it was many. This video is via Fox Nation:

Notice how when he realizes he is on camera; he really gets into the spiel and really begins the berate the Jewish man standing there? This is what these haters are all about; attention for their cause, which is unabashed hatred. It is one of the downsides of being a free Republic. Even the idiots have a right to their say.

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Welcome to my World: 6 Million people age 25-34 live with parents, up 25%

I’m 39 and I still live at home and yes, it sucks. You know, I’ve been called a leech, a shit stain and alot of other names. But honestly? Is it my fault? No, it’s the economy around here and leaders in Washington D.C. that have screwed the Country into the ground.

I saw this via Drudge:

WASHINGTON — Call it the recession’s lost generation.

In record-setting numbers, young adults struggling to find work are shunning long-distance moves to live with Mom and Dad, delaying marriage and buying fewer homes, often raising kids out of wedlock. They suffer from the highest unemployment since World War II and risk living in poverty more than others — nearly 1 in 5.

New 2010 census data released Thursday show the wrenching impact of a recession that officially ended in mid-2009. It highlights the missed opportunities and dim prospects for a generation of mostly 20-somethings and 30-somethings coming of age in a prolonged slump with high unemployment.

“We have a monster jobs problem, and young people are the biggest losers,” said Andrew Sum, an economist and director of the Center for Labor Market Studies at Northeastern University. He noted that for recent college grads now getting by with waitressing, bartending and odd jobs, they will have to compete with new graduates for entry-level career positions when the job market eventually does improve.

“Their really high levels of underemployment and unemployment will haunt young people for at least another decade,” Sum said.

via Recession yields a lost generation of workers – Business – Stocks & economy – msnbc.com.

Honestly though, my folks do not mind me living here; they like the help and I am an only child; so, there is not another brother or anything, who can help. So, I live here, until this economy recovers. Another thing too, in 2004, I filed for bankruptcy and I did start over. I made the stupid mistake of getting into a lot of debt, when I was younger with a credit card. Needless to say, I learned my lesson there. I have a debit card now, and if I zap that back account, I am screwed. So, I have the motivation to not screw that up!

On a related note, on the economy; the man who came to fix our A/C here, told me that he is lucky if he gets like 25 hours a week with the company he is with. Now keep in mind, this is not a trainee or anything that, this dude was certified in A/C and Heating. He has the license and everything; and he is not even getting 40 hours a week of work. That, my friends, is how screwed up our economy truly is. :(

Those who have a job are lucky to get enough money to put food on the table, and those of us, who cannot find a job are basically left out in the cold. This is why I have such a big problem with all this union protectionism crap that the left is touting. I respect the Unions at all and what they fought for, many years ago. But, we are living in a different would and the prosperity of that era; which the unions took advantage of, is gone for good.

So, that is why, when I see stuff like this here; my heart breaks, because it is not the wealthy people who are going to suffer. It is going to be the working class people and the poor; who are going to suffer the most. The thing to remember is this; it all trickles down, sooner or later. The wealthy lose, the jobs dry up and people suffer. The bad part is, Government cannot fix it. it has to fix itself. The sad part is, it usually takes a LONG time for it to fix itself.

This, is the folly of Progressivism; the belief that Government can fix something that it did not break, in the first place.

 

Markets are in downward spiral

Not a good day to be invested.

Related:

 

 

 

Some sound investment advice

Evaporation of Wealth on a Vast Scale
How $1-million can disappear
September 19, 2011

By Elliott Wave International

The bursting of the “debt bubble” which started in 2008 is far from over.

It’s the financial story of our age and it’s happening before our eyes. The full scope is hard to keep up with because it’s unfolding at various levels.

The top level is the sovereign debt crisis:

  • National governments: Several in Europe and even the U.S.

 

  • State and local governments: services slashed; vendors waiting to get paid.

 

  • Corporations: financial institutions at home and abroad remain in questionable health. PIMCO Chief tells Bloomberg (9/13) “We’re getting close to a full-blown banking crisis in Europe.” And CNBC reports (9/14) “Moody’s Investors Service said…it downgraded the credit ratings of Societe Generale and Credit Agricole.”

 

  • Individual Households: “under-water” mortgages; “new conservatism” toward spending.

As the credit bubble continues to deflate, the evaporation of vast wealth may follow on a historic scale. Please read this excerpt from the second edition of Conquer the Crash (pp. 94-95):

“…a lender starts with a million dollars and the borrower starts with zero. Upon extending the loan, the borrower possesses the million dollars, yet the lender feels that he still owns the million dollars that he lent out. If anyone asks the lender what he is worth, he says, ‘a million dollars,’ and shows the note to prove it. Because of this conviction, there is, in the minds of the debtor and the creditor combined, two million dollars worth of value where before there was only one. When the lender calls in the debt and the borrower pays it, he gets back his million dollars. If the borrower can’t pay it, the value of the note goes to zero. Either way, the extra value disappears…

“The dynamics of value expansion and contraction explain why a bear market can bankrupt millions of people. At the peak of a credit expansion or a bull market, assets have been valued upward, and all participants are wealthy — both the people who sold the assets and the people who hold the assets. The latter group is far larger than the former, because the total supply of money has been relatively stable while the total value of financial assets has ballooned. When the market turns down, the dynamic goes into reverse. Only a very few owners of a collapsing financial asset trade it for money at 90 percent of peak value. Some others may get out at 80 percent, 50 percent or 30 percent of peak value. In each case, sellers are simply transforming the remaining future value losses to someone else. In a bear market, the vast, vast majority does nothing and gets stuck holding assets with low or non-existent valuations. The ‘million dollars’ that a wealthy investor might have thought he had in his bond portfolio or at a stock’s peak value can quite rapidly become $50,000 or $5000 or $50. The rest of it just disappears. You see, he never really had a million dollars; all he had was IOUs or stock certificates. The idea that it had a certain financial value was in his head and the heads of others who agreed. When the point of agreement changed, so did the value. Poof! Gone in a flash of aggregated neurons. This is exactly what happens to most investment assets in a period of deflation.”

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Bob Prechter explains current stock trends

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My thoughts on the riots in London

Yes, I know about silly riots in London.  My question is this, what the heck happened to jolly old England? Better yet, what the happened to the mighty Great Britain?

I’ll tell you what happened. Liberal Progressivism and Multiculturalism —- that’s what! :mad:

I find myself in agreement with Lew Rockwell and a Gun blogger named “Say Uncle“: (H/T Insty)

What kind of Country sits back and allows knuckle-dragging nimrods trash and burn a great Country like England? Seriously!  I mean, at what point does the police or officials in Great Britain say, “Okay, screw it; this pacifistic bullshit is not cutting it anymore, it is time to bring out the REAL GUNS and the REAL BULLETS!” and start mowing these stupid bastards down? When?!?!?!

I saw those pictures, reminds me of another very famous socialist uprising — here in Detroit!

Let us compare, shall we?

London - 2011

and then here in Detroit — 1967:

 

Detroit - 1967

Detroit - 1967 (better picture...)

and yes….

It was that same old bullshit line of, "Oh woe is us! We're being kept down by them rich, white, capitalists who want to hurt our people!"

The truth is, in 1967, blacks were free to work, live and play where they wanted to. There was no oppression of blacks at all, period, end of damned discussion! :mad: Down south in Alabama, maybe; but not in Detroit.

What happened here was this; a group of far leftists decided that they resented the fact that white people were running the City of Detroit Government and that the police force in Detroit was all white, so, they decided to take it out on the businesses in Detroit. So, they burned them to the ground. All because of the fact that the city of Detroit had a special unit, called the STRESS unit — which stood for Stop the Robberies, Enjoy Safe Streets by the way; that kept blacks from robbing and killing white people and other black people in the city.

The result? This:

This is Detroit 2011 --- A ghost of it's former glory --- This is corktown, looking down towards downtown Detroit. -- This is what progressivism gets you folks! For that it is worth, I can get more photos that look much worse than this one. They readily available on the internet and also, I can take some if need be.

This is what London, England and most likely the rest of Great Britain will look like, if they do not put down that Marxist uprising; and I do mean fast.  That above, is what class warfare and progressivism gets you — ruined cities. Believe me when I tell you, Detroit, Michigan is beyond ruined and this is why, progressivism and class warfare. Not to mention Multiculturalism or what it really should be called, “Punishing White people for things that happened before the majority of them in this day and age were even born.”

I mean, these rioters in England are doing it, why? — because they know damned well that they can get away with it.  I mean, what kind of a message does it send to the rest of the world, when a group of thugs says, “We’re doing this, because we want rich people to know, that we’re gonna rule you by causing fear?” It sends to me a message of cowardice, of the English Government, that’s what! It sends a message that the Government of Great Britain are cowering down to domestic terrorists.

In closing; could this happen in America? Yes. But it is very far off. We still have a second amendment and Conservatives who are still willing to fight. But our media is well on its way.  The good thing is, we here in America, have our own Conservative media, that does push back against the Liberal controlled, owned and financed media.

Great: The United States is now borrowing more than the GDP

This is unreal… :roll:

US debt shot up $238 billion to reach 100 percent of gross domestic project after the government’s debt ceiling was lifted, Treasury figures showed Wednesday.

Treasury borrowing jumped Tuesday, the data showed, immediately after President Barack Obama signed into law an increase in the debt ceiling as the country’s spending commitments reached a breaking point and it threatened to default on its debt.

The new borrowing took total public debt to $14.58 trillion, over end-2010 GDP of $14.53 trillion, and putting it in a league with highly indebted countries like Italy and Belgium.

Public debt subject to the official debt limit — a slightly tighter definition — was $14.53 trillion as of the end of Tuesday, rising from the previous official cap of $14.29 trillion a day earlier.

Treasury had used extraordinary measures to hold under the $14.29 trillion cap since reaching it on May 16, while politicians battled over it and over addressing the country’s bloating deficit.

The official limit was hiked $400 billion on Tuesday and will be increased in stages over the next 18 months.

via US borrowing tops 100% of GDP: Treasury – Yahoo! News.

Chew on that one for a few seconds or longer. The USA is borrowing more money from China, that the United States makes as a whole. For the reading up on the GDP, click here. I also recommend that you read up on the Gross National Product and Gross Domestic Income. All of that above, factors into our economy; and believe me when I tell you — we are circling the drain my friends.

There is a bunch more on this subject; and for what it is worth, I do not claim to be an expert on this stuff at all — So, I recommend you read following related articles:

U.S. debt shoots up $239 billion -- in one day!
Gov't will borrow $72B next week...
Obama, Bernanke out of ammo to boost jobs, growth...
Scary Market Chart Pattern Suggests More Selling on Way...
Economy struggles to find footing...
Gold at $2,000 by year-end...

Speaking of Gold, this would be a good time to get into investing in Gold, It would also be good to stock up on  Guns and Ammo!

What I will tell you is; because I am an honest blogger and not some partisan shill for a particular party – is this here.  Many on the right wing Blogosphere will be quick to put this entire situation on President Obama.  I cannot and will not do that; the truth is folks, we did have and still do have two wars that we are fighting; and those cost money too.  We also did have the bailout of the banks and tarp bailouts, the trap loans to the big three, being a fraction of the total cost.

Truth is my friends; we are here because of foolishness of our elected leaders — Republican and Democratic Party.  Both sides have steered this Nation over a cliff.  President Obama tried and ultimately failed to bring an economic revival to the Country.  Now we have to pay the proverbial piper.  It is going to be a painful process; the tap is turned off and we are now going to have embrace austerity.

It is a horrible thing to endure, but it is something that we are going to have to endure — if we are going to continue as a Country, as we know it now.

Update: This is now a Memeorandum Thread: Others covering: Washington Times, Scared Monkeys, Conservatives4Palin, Pajamas Media, Weasel Zippers, Fausta’s Blog, Power Line and The Lonely Conservative

In case you thought I was kidding about buying Gold

Here we go!

Remember when I said to buy Gold?

I was not kidding.

Check this out from the U.K. Telegraph:


As the twin pillars of international monetary system threaten to come tumbling down in unison, gold has reclaimed its ancient status as the anchor of stability. The spot price surged to an all-time high of $1,594 an ounce in London, lifting silver to $39 in its train.

On one side of the Atlantic, the eurozone debt crisis has spread to the countries that may be too big to save – Spain and Italy – though RBS thinks a €3.5 trillion rescue fund would ensure survival of Europe’s currency union.

On the other side, the recovery has sputtered out and the printing presses are being oiled again. Brinkmanship between the Congress and the White House over the US debt ceiling has compelled Moody’s to warn of a “very small but rising risk” that the world’s paramount power may default within two weeks. “The unthinkable is now thinkable,” said Ross Norman, director of thebulliondesk.com.

Fed chair Ben Bernanke confessed to Congress that growth has failed to gain traction. “Deflationary risks might re-emerge, implying a need for additional policy support,” he said.

The bar to QE3 – yet more bond purchases – is even lower than markets had thought. The new intake of hard-money men on the voting committee has not shifted Fed thinking, despite global anger at dollar debasement under QE2.

•snip•

“One of the big US banks texted me today to say that if QE3 actually happens, we could see gold at $5,000 and silver at $1,000. I feel terribly sorry for anybody on fixed incomes tied to a fiat currency because they are not going to be able to buy things with that paper money.”

•snip•

Step by step, the world is edging towards a revived Gold Standard as it becomes clearer that Japan and the West have reached debt saturation. World Bank chief Robert Zoellick said it was time to “consider employing gold as an international reference point.” The Swiss parliament is to hold hearings on a parallel “Gold Franc”. Utah has recognised gold as legal tender for tax payments.

A new Gold Standard would probably be based on a variant of the ‘Bancor’ proposed by Keynes in the late 1940s. This was a basket of 30 commodities intended to be less deflationary than pure gold, which had compounded in the Great Depression. The idea was revived by China’s central bank chief Zhou Xiaochuan two years ago as a way of curbing the “credit-based” excess.

Mr Bernanke himself was grilled by Congress this week on the role of gold. Why do people by gold? “As protection against of what we call tail risks: really, really bad outcomes,” he replied.

Indeed.

 

My friends, if this is not the time to buy gold; I really do not know what is.

Click this link to find out how to get into gold today

Obamaomics at work: US Dollar on the run

Once again, our feckless president cannot lead….and meanwhile, our Country is about to go into the toilet.

The story is via Reuters: (H/T to Insty)

The New Zealand dollar was a stand out performer, soaring to 30-year highs after data showed the economy grew far faster than expected in the first quarter.

The kiwi flew to $0.8491, a rise of 3.7 percent in just two sessions, as the upbeat news revived the chance of a rate hike before year-end.

That stood in stark contrast to the United States, where Fed Chairman Ben Bernanke had canvassed the idea of further quantitative easing should the economy stall

“Three months ago all the focus was on the exit from unconventional policy; now Bernanke mentions the conditional possibility of QE3,” said Paul Meggyesi at JPMorgan. “This is unambiguously bad for the dollar and good for risk.”

Investors seemed to agree, sending commodities and gold higher and lifting growth-leveraged currencies like the Australian dollar.

The U.S. dollar slid to a fresh record low against the Swiss franc around 0.8089 francs, while the euro leaped to $1.4253 having been as low as $1.3984. The dollar also deflated to 78.83 yen with only talk of semi-official bids preventing a break of major support around 78.40/50.

Against a basket of currencies, the dollar was down at 74.773 .DXY, having tumbled for a high of 76.053.

In a double whammy for the U.S. currency, Moody’s warned the country could lose its top-notch credit rating if lawmakers fail to increase the country’s debt ceiling.

In a statement, Moody’s said it sees a “rising possibility that the statutory debt limit will not be raised on a timely basis, leading to a default on U.S. Treasury debt obligations.”

Meanwhile, what does our President do, instead of actually trying to lead the Country? He walks out like a silly two year old:

President Barack Obama abruptly walked out of a stormy debt-limit meeting with congressional leaders Wednesday, a dramatic setback to the already shaky negotiations.

“He shoved back and said ‘I’ll see you tomorrow’ and walked out,” House Majority Leader Eric Cantor (R-Va.) told reporters in the Capitol after the meeting.

On a day when the Moody’s rating agency warned that American debt could be downgraded, the White House talks blew up amid a new round of sniping between Obama and Cantor, who are fast becoming bitter enemies.

When Cantor said the two sides were too far apart to get a deal that could pass the House by the Treasury Department’s Aug. 2 deadline — and that he would consider moving a short-term debt-limit increase alongside smaller spending cuts — Obama began to lecture him.

“Eric, don’t call my bluff,” the president said, warning Cantor that he would take his case “to the American people.” He told Cantor that no other president — not Ronald Reagan, the president said — would sit through such negotiations.

Democratic sources dispute Cantor’s version of Obama’s walk out, but all sides agree that the two had a blow up. The sources described Obama as “impassioned” but said he didn’t exactly storm out of the room.

“Cantor’s account of tonight’s meeting is completely overblown. For someone who knows how to walk out of a meeting, you’d think he’d know it when he saw it,” a Democratic aide said. “Cantor rudely interrupted the president three times to advocate for short-term debt ceiling increases while the president was wrapping the meeting. This is just more juvenile behavior from him and Boehner needs to rein him in, and let the grown-ups get to work.”

On exiting the room, Obama said that “this confirms the totality of what the American people already believe” about Washington, according to a Democratic official familiar with the negotiations, and that officials are “too focused on positioning and political posturing” to make difficult choices.

Cantor insists he never interrupted the president, and was “deferential,” seeking permission to speak.

The latest and sharpest in a series of harsh exchanges between the two leaders heightened concern that markets could crash at any time amid fear of a reduction in the rating on once-ironclad U.S. debt.

Cantor, for his part, delivered the blow-by-blue of his interaction with Obama to a gaggle of Capitol Hill reporters in the Speaker’s Lobby, where lawmakers typically mingle with reporters during votes. It wasn’t through aides — it was Cantor taking on the president, directly.

Cantor accused the president and congressional Democrats of progressively low-balling, over the last several days, the savings that could be achieved from proposals discussed by Vice President Joe Biden’s working group on deficit reduction. Cantor warned that the group has not identified enough cuts to win House passage of a $2.5 trillion debt-limit increase — the size the president says is needed to get through the 2012 election, sources told POLITICO.

Obama told Cantor that he would either have to agree to tax increases or give up on his demand that the debt hike be matched dollar-to-dollar to the cuts — that is, $2.5 trillion in deficit-reduction over 10 years in exchange for a $2.5 trillion hike in the debt ceiling.

He said that the negotiators should return to the White House Thursday to discuss savings from health care programs, budget caps and options for raising revenue.

“Then he said we also ought to get in the mode here, because we’re going to have to decide by Friday which way we’re going,” Cantor said. “He said really we ought to all start to think about things we can do rather than things we can’t.”

That’s when Cantor said he would be willing to abandon his own insistence on having just one vote on the debt ceiling if they could agree to a smaller package of cuts in exchange for a shorter-term hike that would require another increase before the 2012 election.

But Obama said he wouldn’t do the debt-limit increase incrementally and that he would veto a short-term bill.

“That’s when he got very agitated,” Cantor told reporters.

“Obama lit him up. Cantor sat in stunned silence,” said an official in the meeting. “It was incredible. If the public saw Obama he would win in a landslide.

Yessir, America; that is your President, whining like a damned two-year-old, when he does not get his way. Meanwhile the Country and the World is going into the toilet. This is what Democrats do, they screw up things, and when the time comes to act like adults, this is what happens.

I mean, I hate having to repeat myself; but the Democrats, on top of the spending of Bush, spent more, like drunken Sailors and to what end? Nothing! I mean, we have all this debt and where are the damned jobs? There are none! Now that it is time to work to keep the US from defaulting on loans from places like China; what does the President do? Walks out on the Republicans! What an idiot!

Just a reminder, this is the result of the failed Obama-Pelosi stimulus plan.

Remember this come November 2012; if we even last that long.

Others: Michelle Malkin, And So it Goes in Shreveport, White House Dossier, Politics, , Gawker, The Raw Story, Weasel Zippers, Outside the Beltway, Nice Deb, The Lonely Conservative, Washington Examiner, Doug Ross, Pajamas Media, THE ASTUTE BLOGGERS, Pirate’s Cove, Say Anything, Daily Pundit and The Page

 

Jobs report bleak, Democrats still clueless as ever

Now I see why Rick Santelli is ranting and raving!

First of all, here is the lovely report via the NYT:

For the second month in a row, employers added a dismally small number of jobs, showing that the United States economy is barely creaking along despite being two years into the official recovery.

With all levels of government laying off workers, the Labor Department reported that employers eked out just 18,000 new nonfarm payroll jobs in June. The already low number of jobs created in May was also revised downward to just 25,000, less than half what was originally reported last month.

Even as the government’s survey of employers showed that they were adding an anemic number of jobs, a survey of households showed that more people were out of work, causing the unemployment rate to rise to 9.2 percent.

Economists were stunned since they had been expecting June to show stronger job creation as oil prices eased and supply disruptions receded in the aftermath of the Japanese tsunami and earthquake. Instead, the government’s monthly snapshot of the labor market showed that several sectors, including construction, finance and temporary services, actually shed workers. At the same time, leading indicators like wages and the length of the average workweek, which tend to grow before employers begin adding more jobs, actually contracted.

“Even the wild-eyed optimists out there have nothing to grasp onto in this report except to say, ‘Ah, this too shall pass,’ ” said Joshua Shapiro, chief United States economist at MFR Inc.

Meanwhile the stupidity continues on the left. A perfect example is found over at The Hill:

President Obama’s senior political adviser David Plouffe said Wednesday that people won’t vote in 2012 based on the unemployment rate.

Plouffe should probably hope that’s the case, since dismal job figures aren’t expected to get any better for Obama and the economy on Friday.

Most economists expect a report from the Bureau of Labor Statistics to show that the nation added about 100,000 jobs in June. That’s not enough to keep up with population growth, let alone lower the unemployment rate or make a dent in the 9 million jobs lost during the so called Great Recession.

[UPDATED: The jobs report released on Friday showed the economy added only 18,000 jobs, much less than anticipated. The unemployment rate creeped up to 9.2 percent.]

It’s looking more and more like Obama will have to do something no president has done since Franklin Roosevelt: Win reelection with unemployment around 8 percent.

I have a sinking feeling that Plouffe is making a seriously stupid miscalculation ; and one that the Republican Party is going to take full advantage of, come November 2012.

The stupidity continues over at the NYT, again with the stupidest Economist ever to be allowed to write for a paper:

Ugh. That was a seriously ugly jobs report. Almost no job creation, with slow private-sector growth offset by falling public-sector employment; a falling employment-population ratio; and (I don’t know how many people have picked this up), an actual decline in wages, albeit a small one.

Let me emphasize that last point. My bottom line on the inflation-deflation issue has always been to look at wages; you can’t have a wage-price spiral if wages ain’t spiraling. And they aren’t, to say the least.

It’s important to realize, by the way, that stagnant wages are NOT good for recovery; all they do is ensure that the burden of debt relative to income remains high, keeping demand and employment down.

The situation cries out for aggressively expansionary monetary and fiscal policy. Instead, however, all the political push is in the opposite direction.

The underlined part and the part above it; is where the stupidity really kicks in here. That stupidity above, is why this damned Nation is in the place that it is now. Because of stupid people like Krugman. These idiots, in a sane World, would be tossed out of this Country for causing one of the most horrible economic collapses in this Nation, since the great depression, which caused many Americans; Conservative and Liberal, to lose money that they rightly earned or invested in and profited from.

This is not to say that the Republican was not to blame; they too stood by and did nothing and for that they paid a price during the 2006 and 2008 election cycles. However, America was not fooled the Democrats proceeded to make some of, if not more, of the same mistakes that the Republican Party made, while in power. For this, they paid in 2010 and will pay again in 2012.

Further more, it was the DEMOCRATS, not the Republicans, who sought to game the housing market, with the Community Reinvestment act of 1973. Of which the Democrats added the sub-prime cause, which caused the Housing Market to become unstable; which essentially caused the markets to collapse. Yes, regulation was ripped out; but it was the adding of the sub-prime clause that caused the major problems that set the housing market up for a horrible downfall. I know, I watched it all happen here, in real-time, while blogging it all.

In fairness, I will say this; because I am not an overly partisan blogger. It also was the Neo-Conservatives, with their one war, that was totally unjustified in their idiotic visions of a Democratic middle east and the quagmire that it created, not to mention the millions spent and the lives lost; that also created this mess as well. If we would have fought the Afghanistan properly and not like we did Iraq; the war would have been much shorter and would have cost us much less money.

Others: The Atlantic Online, Hot Air, Washington Monthly, Firedoglake, The Huffington Post, Washington Post, The Nation, Calculated Risk, New Deal 2.0, Booman Tribune, Freakonomics, Economix, Free exchange, Speaker, AmSpecBlog, JustOneMinute, Oliver Willis, Gothamist, Hugh Hewitt’s TownHall Blog, Economist’s View, Shakesville, Lynn Sweet, ThinkProgress, Daily Kos, Truthdig, Emptywheel, AMERICAblog News, Lawyers, Guns & Money, FrumForumThe Huffington Post, The Note, The Hill, And So it Goes in Shreveport, AMERICAblog News, Hot Air, Taylor Marsh, Pajamas Media, Scared Monkeys, Outside the Beltway, NetRight Daily, The Western Experience, GOP 12, Le·gal In·sur·rec· tion, National Review, The Lonely Conservative, americanthinker.com, msnbc.com and FrumForum and more via Memeorandum

Video: This is why I like Rick Santelli

No, he is not crazy……Just slightly animated.

(via Mediate)

David Morgan and Chris Vermeulen talk about Metals Trading

I do these posts here to help with the financial situation around here, or in my case; a lack of it. As it does say, up in that top left hand corner box on here; I have no had a “real job” since 2005.  So, if you would please click on the links and sign up for the newsletters. I get a nice referral fee, if you do. This is for those who do not like or do not trust Paypal. Every little bit helps! So, if you want to help a unemployed “right of center” type of guy, who has a blog, this is the time to do it. Thanks so much!

-Pat

—-

The Audio:

 http://www.netcastdaily.com/broadcast/fsn2011-0520-1.mp3

| Open Player in New Window

More info Here

You can also see Chris Vermeulen’s last forecast, where he nailed the prediction on what Silver would do in the markets.

 

U.S. Military talks with Iraq faltering

I have some very mixed feelings on this story….

Via WSJ:

WASHINGTON—Senior U.S. and Iraqi military officials have been in negotiations about keeping some 10,000 American troops in Iraq beyond the scheduled withdrawal of all U.S. forces at year’s end, according to officials familiar with the talks.

But the discussions face political obstacles in both countries, and have faltered in recent weeks because of Iraqi worries that a continued U.S. military presence could fuel sectarian tension and lead to protests similar to those sweeping other Arab countries, U.S. officials say.

A separate drawdown deadline is looming in Afghanistan, where President Barack Obama wants to see a substantial U.S. troop reduction starting in July. Some U.S. commanders have cautioned against making reductions too quickly.

Underlining Obama administration concerns that U.S. forces have been stretched too thin, the White House has put strict constraints on American military involvement in Libya. On Thursday, the U.S. said it was sending armed drones to support operations in Libya, but the administration has stood firm against sending any ground troops.

In Iraq, top U.S. military officials believe that leaving a sizeable force beyond this year could bolster Iraqi stability and serve as a check on Iran, the major American nemesis in the region, officials said. U.S. allies Saudi Arabia and Israel have echoed the concern that if the U.S. pulls out completely, Iran could extend its influence.

Adm. Michael Mullen, the chairman of the U.S. military’s Joint Chiefs of Staff, arrived in Baghdad Thursday, urging Iraqi leaders to step up discussions soon if they want U.S. forces to stay beyond the end of 2011.

The timing is critical because the U.S. is scheduled to start drawing down remaining forces in late summer or early fall, and the military would have to assign new units months in advance to take their place.

While American defense officials have made clear they want to leave troops in Iraq, such a decision would require presidential approval. President Obama has yet to indicate publicly whether he would sign off on such a deal.

Mr. Obama could face a political backlash at home if he doesn’t meet his campaign pledge to bring troops home from Iraq. If the U.S. pulls out of Iraq and violence there surges, the president could face tough questions, particularly from Republicans in Congress, about whether the U.S. misjudged Iraq’s capabilities.

As a Conservative, A Paleo-Conservative, as opposed to a Neo-Conservative — but I digress; I have some very mixed feelings about this. On one hand, I would hate to see the United States withdraw from Iraq, it fall into chaos and Iran or some other surrounding Country invade the Country and mount attacks against Israel or even worse, even the United States. On the other hand, I feel that the invasion of Iraq was based on bad intelligence, largely based upon lies told by a man they called curve-ball.

Because of this, I believe we should really get out of there. Because, quite frankly, we have done our jobs. We got rid of Saddam, who was, admittedly hurting his own people and was corrupt as hell.  We have trained the Iraqi army to protect themselves from attack or foreign invasion and uprising from within its own Country. Which it appears they are using to hurt dissidents. So, I really do not understand why we are still there. It appears that the Iraqi Government is most likely worried about our interests there — such as oil.

Either way, this is a very sticky situation; no matter what we do, we are going to be the bad guys. If we stay, we will be blamed for any and all uprisings in the Country. If we leave and that Country falls into chaos; we will be blamed for that too and some idiot with a grudge will try to attack us for allowing his Country to invaded. So, either way, it is going to be a mess for us for a long time to come. 

This is why, that as a Paleo-Conservative, who rejects the foreign policy stance of the Neo-Conservative right; that we as Conservatives and Republicans should rethink our entire foreign policy status. The very idea of exporting freedom to other Nations is foolish on its face. Even David Horowitz, much to his credit, said this:

The Obama Administration, in my view, is the most dangerous administration in American history, and conservatives need to be very clear about the limits and objectives of American power so that they can lead the battle to restore our government to health. To accomplish this, neo-conservatives need to admit they were wrong, and return to the drawing board. They should give up the “neo” and become conservatives again.

Let me go on the record as saying, I wholeheartedly agree. Not so much about the Obama administration; I have yet to see anything that they have done that is overly dangerous to the Country. I do not agree with Obama’s whole, “Spread the Wealth around” nonsense; but Bush was not exactly my idea of a “perfect” President either. So, that whole argument is basically mute with me.  However, I will say that Conservatives do need to get back to their pre-George W. Bush Neo-Conservative lead foreign policy stance. Because quite frankly, our Nation cannot continue on this idiotic path and survive. I mean, tomorrow China could cut us off and we as a Nation would be done. They basically own us and could decide to collect on their debt — Militarily.   If you think about it, that would be quite scary; because what would we fight them with? They own our money and if they decided to defund us, where would we get the money to fight them with?  Again, something to think about.

As for the “other” war in Afghanistan; we need to define that mission and if we cannot do, what we set out to do there — which was to capture or kill Osama Bin Ladin, then we need to get out of that Country. Period. End of Story. Nation Building does not work. It was tried there by the Russians and it failed horribly and almost bankrupted the Russian Government. Establishing Governments and Nations should not be the responsibility of the United States armed forces; it should be the job of NATO and the U.N. — let them deal with that idiotic backward Nation — not us.

Sadly though, the United States Government will not listen to the voice of people like me or you. Who feel that this road to ruin that we are on, is not sustainable. That my friends, is the true crime of this Country.

 

 

On the budget deal and the liberal left’s reaction

So about this so-called budget deal, which many a blogger on the right has reminded us, is not a real deal at all. Conservatives are not too keen on it; but the liberals —- my God! — they are in sackcloth and ashes!

Consider some of the reactions…..

Melissa McEwan over at shakesville is not a happy camper:

We’ve sure come a long way (no we haven’t) from Barack the Feminist (LULZ). I guess he’s just one of those “pragmatic feminists” who understands that sometimes women’s reproductive rights need to get thrown under the bus in order to make way for Important Democratic Politics, like empowering the most rightwing elements in the Republican Party.

To understand how thoroughly the Dems caved to the GOP on this deal, it was struck with “historic” cuts about which that nincompoop Reid is actually bragging, as if misogyny, Social Darwinism, and allowing infrastructure to fester until people die on collapsing bridges are radically brave progressive ideas.

Obama’s a fucking disaster. We needed FDR; instead we got FML.

Richard (RJ) Eskow at HuffPo says a whole bunch, a snippet:

Say what you will about Rep. Ryan’s budget proposal, it’s a vision. By proposing to dismantle Medicare for people retiring in 2021 and afterwards, he’s laid out a radical alternative to today’s policies. By slashing taxes for the wealthy and proposing deregulation for all industries, the Ryan plan envisions a future America: one where the environment is despoiled, the poor go unfed, and the middle class faces a lifetime of financial insecurity following by an old age of sickness and penury.

It may not be a good vision, but it’s a vision.

Where’s the progressive vision for 2021? Where’s the dream people can seize upon and make their own? Where’s the ideal that can energize activists? Where’s the extreme position from which the Democrats can be “bargained down” so that they, too, can only get 20% more than they asked for when the negotiations began? If they’re not going to do it, we have to do it for them.

Here’s a start: First increase Social Security retirement benefits by 15%, across the board, by lifting the payroll tax cap and imposing a financial transactions tax. Second, increase income taxes on a sliding scale that goes up to 60% for the highest earners in the country. (It’s been as high as 90% during periods of our greatest prosperity.) Third, add $500 billion to our stimulus spending over the next two years, and keep adding it until unemployment is down to 4%. Fourth, immediately add a public option, “Medicare For All” plan that’s voluntarily available to Americans of all age brackets.

Have fun. Add your own visions. Dream. Then demand your dream. It’s working for the Tea Party, and it can work for you.

One thing’s for sure: The old definition of insanity, “doing the same thing and expecting different results,” still holds. Whatever the progressive movement’s doing right now, it’s not working as well as it should. It’s frustrating, but it’s no reason to give up. Like a guy with a guitar said a century ago: Don’t mourn, organize.

Benintn over at DailyKos, is surprisingly reasonable:

There’s understandable frustration about President Obama’s deal with the devil Speaker Boehner and House Republicans to pass the 2011 budget and fund government for the rest of this fiscal year.  After all, with a Democrat in the White House and a Democratic majority in the Senate, why couldn’t Democrats protect the budget from these job-killing, growth-slowing, economy-damaging budget cuts?

But as President Obama said to the Republicans in 2009: “I won.”  And now, in 2011, the tables are turned.  Republicans eager to show off their newly discovered fiscal sobriety are trying to roll back not only the stimulative impact of the Recovery Act, but also the legislative and political progress of the last two years.

In 2008, we won.  In 2010, we lost.  (Badly.)  This is what happens when you lose elections.

[...]

But if Progressives are really interested in redrawing the map in 2012, the way to do it is outside of electoral politics.  Let’s face it: redistricting in 2012 will reduce the number of safe progressive districts in states like Ohio, Pennsylvania, Tennessee, and Arizona.  And with 23 seats to defend in the US Senate, we’ll have to play defense more than offense in 2012.  And if elected officials are forced by Citizens United to run to the middle, then the real solution is something that will happen outside of the push-pull of Republican v. Democrat.  The real issue comes down to a massive voter education campaign that will take place in coffee shops, libraries, churches, schools, and neighborhoods all over the country.

So, you can blame Obama, blame me, shake your fist, write a blog, or…

What if we started doing what we do best on Daily Kos?  What if we got back to the kind of high-quality opposition research, candidate profiles, policy papers, and community-building diaries that make this community the most interesting online political forum out there?  What if we let go of the need to change Obama and got refocused on effective netroots organizing strategies?  What if we acknowledged the harsh reality that we got our asses handed to us in 2010, and took that lesson as an opportunity to stop doing things that don’t work?

Or we could just have more pie fights.

It’s up to you.

Cenk Uygur at DailyKos:

These budget negotiations were a giant win for the Republican Party. President Obama initially cut $40 billion from his own budget proposal — and he got absolutely no credit for that. It was a very typical preemptive concession by the president. It was so typical, you wonder if he recognizes what an indisputably terrible strategy it is or if he has a different agenda.

So, after getting no credit for his original $40 billion concession, then the negotiations began at square one. The Republicans claimed in February that they wanted $32 billion in cuts from that point on. About a week ago, the president came out an announced that they had given the Republicans another $33 billion in cuts — a billion more than they originally asked for. And still the Republicans wanted more.

Why not? They’re dealing with the world’s worst negotiator, why not ask for more? After February they came up with a brilliant good cop-bad cop strategy with the Tea Party, where they had the Tea Party force them to go to $61 billion in demands. Which pushed the spectrum out further to the right. They know President Obama will go to the middle of any spectrum, no matter how radical. And then once they had baited Obama out to the $33 billion number, which was past their original goal, they baited him out even further. Finally, they got him to $38.5 billion in cuts an hour before the deadline.

[...]

I didn’t write this to rub it in the face of the feckless Democrats who always wind up playing the role of the Washington Generals to the Republican Globetrotters (remember the Democrats have the White House and the Senate — but they let the GOP run the place like they are totally in charge). I wrote it to tell you how incredibly important it is that you put real pressure on the president from the left. He will move to the middle of any spectrum!

If you don’t help push the spectrum to the left, the Republicans will move it massively to the right — and the president will fall for it.

The whole point of the insane, draconian, ridiculous Paul Ryan budget proposal for next year was to move the spectrum all the way to the radical right, so that they can lure Democrats to a false middle, that is in reality the far right.

It’s time to stop playing nice with Democrats. Good cop-good cop doesn’t work. We need a bad cop. We need a strong progressive wing to keep shouting “no deal!” every time the White House wants to concede (which will be every time).

You can ignore this, blame me and go hug the president one more time, but you won’t be doing your side any favors. If you actually care about policy and progressive priorities, you must get tough with the president right now. There is no next time.

Which did not go over too well with joelgp over at DailyKos at all:

Cenk, I’m just about sick of you bashing the president with your unrealistic, bombastic crap.  You my friend, have become Sean Hannity by day and Bill O’reilly by night.  You don’t want or need a president, you need a servant who will do exactly what’s in your head.

After all, Obama is the president of 300 million, not just you.

I rejected your stuff way before today after I watched the most despicable segment you ever produce on Obama in some time.  You know what, the Republicans loved you for it.

[..]

Do you simply ignore the fact that conservatives and independents make up nearly 60% of the electorate and Obama should completely reject them?

Of course I’m not happy with everything Obama does but I feel the same way about my wife and kids.

I support him because there has never been another man in U.S. history who inherited a great depression, two wars, a jacked-up banking system, earthquakes in Haiti and Japan, a totally transforming Middle East and a bunch of freakin’ tea party nuts who believe he’s from Mars.

What Obama need’s most is our help–our voices, our support.  The last thing he needs is another cable-news loud-mouth whose eating ice cream and candy on his fat Comcast salary while the president is battling for middle America.

Cenk, today you need to decide, either join us in helping the president or apply for the chalkboard vacancy on Fox at five.

I thought you should know.

Finally, there is this here, by DailyKos Diarist teacherken:

Here I am doing my civic duty, working on my taxes.  I am paying my fair share.

My wife and I gave you money when you ran for President.  We supported you.

But now?   Blow, after blow, after blow.

The ‘deal’ about which you bragged is perhaps the final straw for this camel, whose back is breaking at the same time as his heart is shattered.

Dear readers, I apologize for what I am now writing.  It will not be coherent, because I am responding to the policy and actions of an administration that are not coherent.

It is an expression of …  what?  Disappointment to be sure, anger, almost despair.

Mr. President, with what you have just done, on top of all else your administration has done – and failed to do – you have destroyed the hopes of millions, and shifted power and wealth in the direction of those who are fueled by hatred and anger.

And you expect us to continue to support you?

Perhaps you had better ignore this.  Because you will not be happy with what I have to offer.

[...]

This is a screed, I admit.  I am sitting here just letting it hang out.

I claim no wisdom.  I claim no original insight.  None of my arguments are original.

That is something that should concern you.  I am borrowing from what I hear and 4ead from others.  That includes members of your own party who hold federal elective office.  It includes party officials in states and local organizations.  It includes key voices in the progressive wing of the Democratic party.  You know, those nasty types who remember that it was unions and progressives who have helped create the social safety net that built the American middle class, the social safety net the that Republicans are now dismantling a piece at a time, as they simultaneously impose a vision of this nation that should horrify you.

So go ahead Mr. President.  Ignore me.  Ignore all the voices that have been trying to explain to you, trying to help you help this country.

You might as well.

It seems as if you have been ignoring us all along.

But just one question, Mr. President.   One that perhaps you need to consider.

What happens if we decide we have had enough?  What if we return the favor?

What if we decide we will ignore you?

Sorry, that was a good deal of quoting; but I wanted to give you a feel for what is happening within liberal progressive Democrat circles. The truth is folks, that progressives put way too much stock in Barack Obama. They projected themselves on him; their dreams, their hopes and yes, even their wishes for progressive policy change in Washington D.C. and ultimately, President Barack Obama gave them some good old-fashioned lip service and laughed all the way to the White House. Now, this is not anything new to politics; President Ronald Reagan did the same very thing to the Religious Christian Conservative right back in the 1981 election. He had them believing that he was going to outlaw Abortion and put prayer back in schools; none of which he did at all. Instead he ran up deficits, shipped arms to Iran, and basically played much of the Republican Party and the far right for a fool. 

So, while all of this sadness and naval grazing might be humorous to watch; it is a little silly. Did the liberals actually expect Obama to cater to their every whim?

Now, as for the Republicans, I think all of this belly aching is a bit silly; we all wanted cuts. We should be glad we got anything at all. Sure, we all want more. But anything is better than nothing.

 

 

Video: Police State: This right here is why people kill police officers

This video is unbelievable.

There is a story behind this, and I very highly suggest that you head over to HotAir.com and follow the links for the back story.

The Video:

Eric Holder wonders why there has been an uptick in police shootings? I can tell you exactly why; because of crap like this right here.

I very humbly submit to you; that if this homeowner had decided to use lethal force against this woman and these police officers, it would be have been entirely justified.

This is not freedom, this is tyranny.

Wake up America; wake.the.hell.up….

In case you would like to contact these bastards; here is the contact information for the Department involved:

Headquarters
1441 N. DuPont Highway
P.O. Box 430
Dover, Delaware 19903-0430
(302) 739-5901

Call them and let your rage be known to them. This is not Communist Russia; this is America and we do not sit idly by and allow the police to run roughshod over us.

Somebody somewhere in Washington D.C. ought to be shouting from the rooftops over this one. Ron Paul? Where the hell are you? Why is not someone raising a royal stink about this? Investigation? Yeah right. It will be more like a self-justification. :roll:

Again, this is America and we just do not do this. Something must be done. :mad:

Could the DOW Could Fall 6,000 Points??!?!

Someone thinks so… (H/T GoldSilver.com)

Video:

The Story via Business Insider:

There’s a distinct possibility the U.S. stock market could plunge as much as 6,000 points if the U.S. continues to rack up record amounts of debt, causing the dollar to lose its reserve currency status, says Daily Ticker favorite Howard Davidowitz. (See video below)

“The dollar has never been at greater risk,” he tells Henry in the accompanying clip. Davidowitz is confident that if Washington doesn’t cool its spending habits, interest rates will spike and inflation will soar. Look at the value of the dollar, and the crisis is already brewing, with foreigners and sovereign nations diversifying away from dollar-denominated assets, he says.

What’s an investor to do in this scenario?

Buy hard assets, he suggests. Davidowitz says investors should own physical gold, silver and diamonds. He also thinks land is a winning bet, even suggesting young adults buy and work farmland. “I think investment in farmland with water on it is a great investment. Finance will be less important,” in the future, he says.

Sounds like a good time to buy gold to me!

It all goes back to the Federal Reserve

I thought I would share this one with you all.

It seems that food prices are going up. I spotted this blog posting over at HotAir.com; which is, a Neo-Conservative Blog. Anyhow, Ed Morrissey points out that food prices are going up. Ed points to this story by the AP:

WASHINGTON (AP) — Wholesale prices jumped last month by the most in nearly two years due to higher energy costs and the steepest rise in food prices in 36 years. Excluding those volatile categories, inflation was tame.

The Labor Department said Wednesday that the Producer Price Index rose a seasonally adjusted 1.6 percent in February — double the 0.8 percent rise in the previous month. Outside of food and energy costs, the core index ticked up 0.2 percent, less than January’s 0.5 percent rise.

Food prices soared 3.9 percent last month, the biggest gain since November 1974. Most of that increase was due to a sharp rise in vegetable costs, which increased nearly 50 percent. That was the most in almost a year. Meat and dairy products also rose.

Energy prices rose 3.3 percent last month, led by a 3.7 percent increase in gasoline costs.

Separately, the Commerce Department said home construction plunged to a seasonally adjusted 479,000 homes last month, down 22.5 percent from the previous month. It was lowest level since April 2009, and the second-lowest on records dating back more than a half-century.

The building pace is far below the 1.2 million units a year that economists consider healthy.

There was little sign of inflationary pressures outside of food and energy. Core prices have increased 1.8 percent in the past 12 months.

Still consumers are paying more for the basic necessities.

Why is it that prices are going up? Well, I can tell you why…. It’s called inflation. Something this guy here has been talking about for years:

Of course, Ed Morrissey, tries to credit the shrieking harpy and two bit phony Sarah Palin for this; but we thinking Americans know better. Sarah Palin most likely cannot even program her own VCR, much less understand the workings of the Federal Reserve. Ron Paul was saying this sort of stuff, when Sarah Palin was still playing with dolls and dreaming of being someone in politics as a child.

Scott Johnson over at Powerline, smartly and very accurately points to the federal reserve bank for this rise in food costs, he also points to a Wall Street Journal Op-Ed that warned of this sort of a thing happening. Yes, I know, Powerline Blog is decidedly Neo-Conservative; but when it comes to this sort of stuff, those guys are in the right frame of mind. I just wish I could convince them that imperialism is a sad mistake —- As are unconstitutionally declared wars.

It also turns out, that the Federal Reserve Bank is not the only part of the Federal Government that is a danger to it’s citizens. There is also other things that we should be, as citizens, worried about; like the ill-conceived and improperly named “Patriot Act.” As this video shows, that act is being used against citizens in a very bad way: (H/T RTR.Org)

The part about the raid on Walter Reddy, the founder of the modern Committees of Safety is in this video. I do encourage you all to watch it. If this man’s story is true. If someone does not like you; they can go to your local police department and makes up actual lies about you and cause the police to conduct a raid on your home. That my friends, is insanity.

As you might expect, I post this video with a disclaimer; Just because I post this, does not mean that endorse the products being sold or the overall conspiratorial tone of the video. I simply post this for informational purposes only.

Update: Mark this on your calendars; this one of the rare times, when I actually agree with Lew Rockwell.

Video: Las Vegas Boom & Bust – A Preview for Singapore & China?

This comes via GoldSiver.com:

Wouldn’t it be a good time to invest in Gold and Silver and beat the rush?

Stock and Trading Advice: Yen and Dollar…rally ahead?

This is a sponsored posting….

Please click here to read about Yen and Dollar rally.

Click here to get more great trading advice.

Video: Ron Paul’s CPAC speech

Via Fire Andrea Mitchell, who compares Ron Paul to Obama; which is typical of the Neo-Con Ilk.

It is official: Keith Olbermann is under my bus

I have been meaning to write about this for a few days; but there were other things to write about and this one got cast aside.

I was going to put this one under the whole “Living Proof that liberals are classless assholes” banner. But this one just was just too great, too awful, too nasty.

It appears that Keith Olbermann has some sort of inbred hatred of our United States Military. Now why would I make such a wild accusation as that? For this reason:

Ed Driscoll, who is a Vietnam Vet wrote the following about Keith Olbermann in the Boston Globe:

I AM very happy that Keith Olbermann is no longer on MSNBC. I participated in more than 10 combat missions in Vietnam, so I know a mission is not a war. Someone should have told that to Olbermann, as he demonstrated his ignorance by equating the two for years on his show.

He would end by saying it has been so many days since President Bush declared “Mission Accomplished’’ in Iraq. Bush never said that. Olbermann was referring to a sign on an aircraft carrier that said “Mission Accomplished.’’ The president declared an end to major combat operations, and therefore the aircraft carrier was headed home.

In Bush’s speech, he said that much work has yet to be done. The sign was for the brave people who had completed their mission.

Olbermann can take the money and run. I don’t care where.

A gentle ribbing towards someone who, if anyone, had the right to say that; after all he was a military officer. Well, not to Keith, who hates anything remotely Military — this was his response: (H/T Nice Deb)

How Keith REALLY feels about our Military

That’s right, Keith believes that people that serve in our Military are dumb. This goes along with the whole mentality that whole idea, by the so-called enlightened liberals that most Military people are simple minded Conservatives who are too stupid to think for themselves. You see, Keith does not have his network bosses to answer to any longer, so, now he can spew his far leftist hatred of all things American; including our Military.

As some of you know and you can know this by searching this blog; I used to hold Keith Olbermann in very high regard. I was, at one point, a regular watcher of Keith’s show. That is, until he started with the intellectual dishonesty and straight up lying about everything under the sun. Well, writing about something is not enough, one must put their money where their mouth is.

So, as of this morning. I have removed the one book that Keith Olbermann wrote off of my Blog’s Bookstore. Unfortunately, I could not remove the one book itself. I had to remove the sections about George W. Bush and Dick Cheney. Most of it was filled with Anti-Bush and Anti-Cheney books anyhow. I realize that it might not be that big of a deal, not many people buy anything from my Bookstore anyhow. However, with me. It is a personal decision; that I just will not support someone, who is taken to insulting our Military. This is a personal issue with me; it always has been, as I have had family members who served. This is why I have “Lost my shit”, so to speak, in the past, when people have insulted the Military in the Paleo-Conservative circles.

So, Keith, if you happened to even read this; You sir, are history in my book. You just do not insult Military officers, whether active or inactive. Not around me at least. You sir, are no better than the anti-war protesters in the 1960’s who spat upon and mocked the soldiers coming out of Vietnam.  In fact, your little smart-assed tweet was, as far as this writer is concerned; was in fact, a virtual spit in the face of a Solider who served proudly in our Military.

For this sir, you are remanded to dustbin of history, as far as I am concerned. You sir are just another Anti-American socialist, who happened to get rich by spewing your lies and bigotry — all the while railing against the very capitalist system that made you rich. Which is a picture perfect example of the blatant hypocrisy of the liberal left. I do hope that you enjoy that money, that in all honesty, you do not deserve to own; and if you just happen to get lucky enough to land another job as a talking head somewhere else. I will be here to blog against your idiotic nonsense. Because as a former “Left of Center,” I am appalled to where you and your communist-lite friends have taken the party that my grandparents and parents voted and still do vote for.

Further more, I find your attacks against our Military sickening and I will be one of many, who will continue to attack you, for your idiotic political viewpoints; until you finally retire and eventually die relieving this Nation of your moronic bombast and empty headed pontifications.

I may be only a small cog in this machine that we call America; but I am a damned good one!

Video: The Reality Report #78: The Homeland becomes the Fatherland

Please note: The posting on this video does NOT constitute support for all of the views therein. It is posted for your education and information.

—–

Synopsis: In the 78th edition of the Reality Report, Gary Franchi draws the direct parallels America shares with Hitler’s Germany and provides the solution to avoiding their terrible fate. We take a look at Ron Paul’s Texas Straight Talk where he discusses what a new found interest in the Constitution could mean for America. CEO of Euro Pacific Capital, Peter Schiff tells us why the Chinese modeled their currency after the U.S. dollar. We also hear from the former U.S. military analyst who is responsible for leaking the Pentagon Papers, Daniel Ellsberg. He explains the recent war on whistle-blowers. Chris Mathews latest hypocrisy is revealed and Angie breaks down the news. As always we take a dip into the mailbag, reveal the results from last weeks viewer poll and brand a new Enemy of the State.

The Video:

http://RTR.org | http://RealityReport.TV

RTR Group:
http://rtr.org/group/745

Facebook Page:
http://facebook.com/realityreport

Youtube channel
http://bit.ly/sub-2-rr

Share the Reality Report on Facebook:
http://on.fb.me/realityreport

How a Simple Line Can Improve Your Trading Success

Elliott Wave International’s Jeffrey Kennedy explains many ways to use this basic tool
January 19, 2011

By Elliott Wave International

The following trading lesson has been adapted from Jeffrey Kennedy’s eBook, Trading the Line – 5 Ways You Can Use Trendlines to Improve Your Trading Decisions. Now through February 7, you can download the 14-page eBook free. Learn more here.

“How to draw a trendline” is one of the first things people learn when they study technical analysis. Typically, they quickly move on to more advanced topics and too often discard this simplest of all technical tools.

Yet you’d be amazed at the value a simple line can offer when you analyze a market. As Jeffrey Kennedy, Elliott Wave International’s Chief Commodity Analyst, puts it:

“A trendline represents the psychology of the market, specifically, the psychology between the bulls and the bears. If the trendline slopes upward, the bulls are in control. If the trendline slopes downward, the bears are in control. Moreover, the actual angle or slope of a trendline can determine whether or not the market is extremely optimistic or extremely pessimistic.”

In other words, a trendline can help you identify the market’s trend. Consider this example in the price chart of Google.

That one trendline — drawn between the lows in 2004 and the lows in 2005 — provided support for a number of retracements over the next two years.

That’s pretty basic. But there are many more ways to draw trendlines. When a market is in a correction, you can draw a trendline and then draw a parallel line: in turn, these two parallel lines can create a channel that often “contains” the corrective price action. When price breaks out of this channel, there’s a good chance the correction is over and the main trend has resumed. Here’s an example in a chart of Soybeans. Notice how the upper trendline provided support for the subsequent move.

For more free trading lessons on trendlines, download Jeffrey Kennedy’s free 14-page eBook, Trading the Line – 5 Ways You Can Use Trendlines to Improve Your Trading Decisions. It explains the power of simple trendlines, how to draw them, and how to determine when the trend has actually changed. Download your free eBook.

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.