Friday, August 6, 2010
Marketwatch’s Personal Finance Editor Andrea Coombs wrote a short piece today emphasizing the fact that payroll receipts will fail to cover Social Security payments in 2010 and 2011 so benefits will have to be paid out of the “trust fund”. She writes about how “the long-term outlook hasn’t changed from last year” and that the trust fund is expected to be depleted in 2037.
It is absurd to think these people can predict with accuracy how long it will take for the trust fund to be depleted when there are so many variables involved. Are these people as good at projecting costs and revenues as the Congressional Budget Office? Maybe it –was- the Congressional Budget office making the 2037 projection. The column didn’t say. They have to be assuming a specific level of tax receipts going forward in order to know how much they will need to take from the trust fund each year. Whatever the tax receipts they are expecting, much of it is probably tied to their delusional expectations of higher employment and prosperity resulting from Obama and Pelosi’s socialized medicine bill and tax increases for the rich.
I have to assume that the Trust Fund is mostly “invested” in Treasuries they will need to liquidate to pay seniors. So in order to know when the trust fund will be depleted, they must be projecting a specific valuation for their Treasury Bonds and Notes. Are they assuming that they will be receiving the current ridiculously high prices for this paper through 2037? Are they assuming that China will still be buying to help keep the yields low and prices inflated?
As a rule, whatever they are projecting, assume they are off by at least 70% to the injurious side of any equation and you will never be disappointed.
Coombes reassures the reader “That doesn't mean you won't get your Social Security benefits. It does mean that people in their mid-50s or younger likely won't get the same size checks as their parents are getting now -- and that's especially likely for people with higher-than-average incomes.”
She threw out 78% as the percentage of benefit they will be able to pay out after that magical date of 2037. Well, I have been receiving these statements recently telling me how much I paid in and specifically how much I am going to receive. There were no disclaimers saying this is subject to change and nowhere did it indicate that “past performance is not indicative of future results” as these pillars of rectitude require of all private sector companies to slap on their literature.
Madoff put out those similar fraudulent performance statements, although his at least had the standard market risk disclosures; so he didn’t promote his Ponzi as risk free as does the federal government. Madoff’s problem was the false past performance numbers.
So these statements in writing are clear evidence of investment fraud. I’m going to file a complaint with the SEC next week. If Social Security was a security I would gladly sell my future Social Security payments for 25 cents on the dollar for a lump sum now. Any takers? That’s one annuity I couldn’t in good conscience sell my worst enemy.
Being that I’m pushing 40, I wouldn’t want to sue the elected swindlers for damages unless it came out of their OWN pockets because to set a precedent of collecting damages for financial fraud from the government would mean that I am suing the same bankrupt Treasury that has already been plundered to the point of a trillion dollar deficit. It would be counter productive to make them counterfeit more dollars.
That’s a great idea; sue them personally. Lavish as they are, these scoundrels do not have trillions of dollars in personal wealth so it would be more about the sweet justice of it. Of course the current legislators would do everything within their power to exempt themselves from being brought to justice. They would say that Social Security was created long before most of them were born - making them inculpable. However, people who knowingly carry on a Ponzi scheme are in fact complicit.
A new crop of candidates would have to come out from the beginning, as part of their platform to pledge to impeach all government officials, including those no longer serving, for participating in the defrauding of millions of Americans of a significant percentage of their life savings.
This is a subjective area but the perhaps the way it should be determined is if an official sponsored or co-sponsored a bill that took money from the so-called trust fund and that money was used for any project that is not proven to be within the constitutionally defined powers of the federal government, they should be found guilty of financial fraud and just like Madoff, be prosecuted by the “Justice Department”, then serve the rest of their lives in prison while their assets are liquidated and six figure pensions are divided among the victims of their past and present schemes.
Radical as this sounds, I’m talking about the rule of law. It’s a much more civilized approach than the Jacobinism of late 18th century France. It might seem crazy now but when the results of this scam really hit the fan, a new crop of representatives are going to be held to promises of justice unlike anything we have ever seen. The monumental chicanery of the current administration and the effrontery of our colluding congress are unlike anything this nation has ever experienced – so it would be fitting that such platforms should become a requisite.
A promise to impeach and encourage prosecution might be a good platform for “tea partiers” to ask candidates to pledge. There is no way that the disease can be eradicated by lawmakers who are currently infected with the virus. It would certainly be a case of “physician heal thyself” and with the current crop of swindlers that isn’t going to happen.
The fact that Nancy Pelosi can be in congress at all is an ominous sign of the failure of the federalist system. There are states and districts in this country that are so debauched that they pollute the well for everyone else. It is as though Sodom and Gomorrah have hijacked our country. The fact that Chris Dodd and Barney Frank have just promulgated FINANCIAL REFORM legislation into law instead of rotting in prison and the fact that Pelosi was voted to the position of House Speaker by her Democrat peers is all the confirmation that one needs to realize that this union will never survive unless they are rightfully expunged. Every time I see them and hear their contemptible voices I see a mockery not only of justice but everything that made this country what it once was in all its glory. They are the personification of our national sins.
We have all heard the rhetorical virtues of Social Security bloviated by the politicians for decades; but those are just words, generalities propounded to a large group. The old maxim of “get it in writing” may be applicable in the near future so be sure to hang on to those statements because those are specific promises of specific minimum amounts given to specific people. Subsequently, many financial scam artists are also prosecuted for mail fraud which is how the printed lies of SS are currently delivered.
"Social Security Shortfall"
Disclaimer: This is an admittedly far-fetched column but dare to dream.
Tuesday, April 6, 2010
“Republicans as well as Democrats blasted Michael Steele's suggestion that he's being unfairly criticized due to his race.” – Newsmax.com
I think perhaps I understand what temptation Michael Steele –may- have been indulging with his “racism” allegations. These remarks elicit the natural perception that Michael Steele is no different than any other race card playing liberal once he gets himself into trouble. It would appear that he (like Democrats) just doesn’t want to take responsibility and will stoop to blaming others instead.
According to a Newsmax column by David Patten, "it's not the first time that Steele has suggested there are racial reasons for the criticism he's encountered. He recently told Washingtonian Magazine, "I don't see stories about internal operations of the DNC that I see about this operatio Why? Is it because Michael Steele is the chairman, or is it because a black man is chairman?"
It is obvious that the liberal media are not forensic accountants when it comes to the expenses of the DNC and he has a valid point in mentioning that double-standard. Being perturbed by this transparent bias, I imagine it could be tempting to take the opportunity of turning the tables on the Demagogues and the media by accusing –THEM- of being racists - for a change.
It is understandable because they truly are racists down to their very core and that is the amazing thing. It is astounding how this party of bigots successfully bamboozled over 92% of an entire ethnic group into supporting them when the Democrat Party’s most sacred sacrament of abortion was designed to rid this country of their very race!
I don't know that there is a historical parallel so I will have to make one up to illustrate. It would be akin to Africans voluntarily marching to and then standing in line for hours for their turn to be shackled and thrown into a hot, reeking slave ship. But it is worse than this hypothetical because the design of the Democrat Party elite and Planned Parenthood is not to make them –labor- but rather to exterminate them altogether.
That may sound like invidious rhetoric but it happens to be historical fact and they damned well know that. That’s why the Democrats control the schools from pre-k to the PhD. That is why they control the airwaves and now conspire to filter the Internet so that you can only find porn and propaganda. They want to keep you addicted and ignorant of historical reality -and if you are black- many of the whites in the Democrat Party want you to “DIE QUICKLY”. Yes I know The False Prophet is part African but that’s just another irony of life. It’s just as bizarre as the fact that the last holocaust was led by a black haired, brown eyed mad man - who wanted to create a blond haired, blue eyed master race. I think that when God allows a nation to destroy itself, He makes sure that the absurdity is topped off with the preposterous to serve as an exclamation point to posterity.
It would be fun to accuse these make believe journalists of being racists (because they certainly are) but if that is the strategy Steele is taking, he is miscalculating. I’m giving Steele the benefit of a doubt in this theory but regardless of whether I’m right, it is still an unacceptable strategy and the –reason- is a key difference in the noble way conservatives operate versus liberals. Because the specific attribute that makes liberals –liberals- is the desire to wallow in evil at all costs, they are willing to cannibalize anyone anytime anywhere. As long as their actions protect or increase the killing of babies, advance sodomy and expand overall debauchery, they are willing to undermine our foundations.
When Democrats are under suspicion of murder like Ted Kennedy, when Democrats are obviously betraying their country by taking cash bribes for legislation like William J. Jefferson and other forms of bribery like Chris Dodd and Barney Frank, when a Democrat brings disgrace to the Presidency by perjuring himself in a lawsuit against himself for rape, when the disbarred President lies to the entire nation on national television about having oral sex with the young girl whom he and his lawyer instructed to perjure herself during her testimony regarding his sex crimes – when all forms of infamy and treachery are embodied in the person of a serving Democrat, the entire Democrat party rally behind that criminal to the detriment of our country –unless- like Democrat Jim Traficant, he opposes the murder of innocent babies and codifying special rewards for all forms of sexual deviance into law.
When Republicans discover this type of behavior has infiltrated the party, we do not sit around for one moment looking for a way to justify disgraceful activities, no matter who committed them and how powerful they were. As with South Carolina’s Governor Mark Sanford, Congressman Mark Foley and others, we did not support them and we did not even think for one second to try to defend them. We demand consistency. Conservatives demand that their representatives be held to –higher- standards then anyone because of the power with which we entrust them. We can –forgive- those people who betrayed us but we cannot –trust- them with authority once it has been violated.What makes us different is that we are not willing to sacrifice our Constitution and our national security for the sake of winning. We don’t want to BECOME the left to defeat the left. That is the reason why people like Arlen Specter, Susan Collins, Olympia Snowe, John McCain and Lindsey Graham are now so loathed by our party. That is why once popular Florida Governor Charlie Crist is suddenly being overwhelmingly rejected by his constituents.
Thanks to the False Prophet and The Harlot, we have had a literal come to Jesus experience. The aforementioned moderates may be able to “win” elections but we have learned the hard way that when they win we all really lose. Like hemorrhoids, we tolerated them and the imposters who advanced them for too long. Now we need invasive surgery to remove them and we will.The point is that Michael Steele needs to understand is this is no time to be cute. Conservatives are serious and we are not going to advocate playing the race card even if doing so highlights leftist hypocrisy.
The race card strikes against one of our deepest convictions that people need to take responsibility for their mistakes. Mr. Steele also needs to assure this party that the activities in question are unacceptable and we are not going to become another version of the Democrat Party. The Libertarians are the group that is willing to fuse the debauchery and paganism of the Democrat Party with the economic policies of the Republican Party. Republicans are proud capitalists but this party was founded on something of much greater importance. If you undermine the moral pillars that birthed the Party of Lincoln, we might as well capitulate to the Marxists because the ensuing immorality will guarantee a void that is always filled by tyranny.
I must say I have found Steele on a few occasions to be McCain-esque in the sense that he sometimes seems confused about where he should stand on issues. As I have been writing since January 2009, I feel that Sarah Palin would be perfectly suited for that position. If she runs for President, there is going to be a schism among conservatives, especially when considering her campaigning for John McCain over J.D. Hayworth. I understand the trite excuse about her "owing" McCain something... That is just more of the nonsensical thinking that got us into this debacle. If anything, Palin should have stayed out of that Senate race in deference to McCain. To endorse McCain and campaign against the conservative in the race is inexcusable, especially considering his lifelong betrayal of conservative principles (until he learned some conservative rhetoric last campaign).
( This I wrote wrote in my February 15, 2010 column The Coming GOP Schism and how we can Avoid Self Destructionhttp://www.tableofwisdom.com/
“I know there are going to be intense factions within this party no matter what happens between now and 2012. There is a faction right now that can’t move on from the past who are saying “run Sarah run”. I am not one of them. I like Sarah Palin and think she can do a great deal of good for this country, perhaps as Chairman of the GOP but I emphatically do not want her to be our presidential candidate. We will have factions for Palin, for Huckabee, for Romney, for Pawlenty, Bobby Jindal and perhaps Fred Thompson (not likely). They will split the conservative vote so that we will give the nomination to the candidate we all loathe, the liberal candidate, which we WILL secure by our inability to coalesce. That is the ONLY way John McCain could have won this nomination. The same thing happened with Dole in 1996.” )
Wednesday, March 31, 2010
Obama went to a community college yesterday to sign the final package of fixes to the healthcare bill। He did this because a major part of the healthcare scam was to directly nationalize the student loan business. There used to be a buffer between the Federal government and student loans but not anymore.Obama said “a great battle pitting the interest of the banks and the financial institutions – against the interest of students – finally came to an end.
For almost two decades we have been trying to fix a sweetheart deal in federal law that essentially gave billions of dollars to banks to act as unnecessary middle-men in administering student loans.”
Could it have anything to do with the fact that lending is the business they are in and there may be some similarities in the due-diligence and administrative duties? It’s just a guess but I would think the reason why this so-called “sweetheart deal” existed -for 45 years- before this genius and his mummified corpse leading Congress came along, was because there are tens of thousands of lending institutions spanning the nation with qualified people who are experienced in this area and have locations with people who work inside of them. Nevertheless, starting July 1st, those loans will be offered –only- by the Department of Education and I cannot wait to see how well they run this business!
Here’s something you can take to the bank. The False Prophet’s true intensions are for this charade to amount to another $85 Billion dollar per year entitlement that will add to the crippling debt he is deliberately mounting to destroy this country he, his wife, his pastor, his domestic terrorist and Marxist cabinet so loathes.I don’t know if anyone has noticed but there’s a bit of a problem here. The people who catapulted this Bolshevik wannabe to office are the same people who are supposed to be paying off these college loans.
Throughout his campaign and his first year in office Obama has done a masterful job of inspiring the fallen angels of their nature. Like the devil in “Needful Things”, he has something for everyone. To the young generation who overwhelmingly supported him, he promised them a free college education and stressed that it is a “right”. He didn’t just do this throughout his campaign; he did so during his recent State of the Union Address. If we are to take his words at face value, he can only be doing this as an overture toward “free college for all”. Obama and The Mummy sold this swindle as a blow to “sweetheart deals” against the evil bankers and elimination of the proverbial “middle-man” as though they are going to now reap tremendous profits for us.
Bond investors are more conservative than the stock market and their actions can tell you a lot about this situation. Over the past few years, Sallie Mae, the largest provider of student loans has seen its bond ratings plunge toward the very border of “junk” status and is probably only above that line because of politics. (We have seen the integrity of these agencies with regard to securitized mortgages and their willingness to play ball.)
What the bond market is telling you is that defaults are increasing and it is going to get much worse. It makes perfect sense. Capitalism and democracy only work for a moral and God fearing people (as Adams said) and we are now seeing why. These promises they made to pay back those loans are a trifling matter to a generation of ingrates who were raised by the government and M-TV. Many of these kids care about two things, getting laid and getting paid, none of which is a catalyst for them to compensate taxpayers for something they have been inculcated to believe is owed to them.
If The False Prophet and The Mummy have not yet been charged, tried and convicted of treason by then, next election time he will convince these ingrates that we should be paying them a full-time salary to go to college।According to Obama’s news reader, Brian Williams and Spokesman Chuck Todd, there were some other goodies in the healthcare bill to bribe the kids, like increases in Pell grants to keep up with tuition inflation, which will probably encourage further increases for college tuition. It also included a limitation on repayment of loans to 10% of income because “I know what that’s like” said Obama, “Michelle and I had big debts coming out of school. Debts we weren’t able to fully repay until just a few years before I started running for office.” I guess he means that Tony Rezko paid them off about four years ago because I don’t think he spent more than a year in each office as he traversed the road to the White House.
I guess it’s not like the Treasury actually needs that money back. These gestures are only a good faith overture because he promised these ingrates FREE and they will not forget. These kids have been looking for something to protest and riot about. They are holding protests and getting arrested all over the country with their signs demanding free college education. The scene about which everyone was making a big deal with Ann Coulter at a Canadian University doesn’t look much different than the scene here in the US.
By the news coverage you would think that the activities of those Canadian students were unusual. That’s because you barely see these left winged protestors in American universities in a negative light in our media. It’s time to wake up. This is just a friendly piece of advice. If you are like many ambivalent Americans supporting a child in college, you may have a Marxist on your hands and be totally oblivious to that fact. You may want to do some further due diligence on your investment.In the final analysis, I guess the federal government would have end up nationalizing it all regardless. Why wait to bail out for Sallie Mae and all of these lenders as the deadbeat kids bleed them dry slowly - when you can sneak it all into a "healthcare bill".
Take a minute to watch this piece with Brian Williams and Chuck Todd. At the end Todd refers to the observation by insurance companies that allow them to continue using generally accepted underwriting procedures on child policies. Todd referred to the threatening letter sent by Kathleen Sebelius to the insurance companies and the fact that the insurance industry said they would comply with The False Prophet’s interpretation of the law. The revealing part occurs at the end when he tosses back to Brian Williams who said “we’re actually going to track that story and HOLD THEM TO IT”. So much for hiding their status as White House tail-waggers. What's amazing is this is the same crowd that wouldn’t wear an American Flag lapel after Sept 11, 2001, after our country just went to war – for fear that they might show partiality. They were supposedly worried that people should not see them take a side! They also won’t use the word “terrorist” for that reason.
They really are an embarrassment and disgrace to our nation and the founding fathers who took such solicitude to assure a “free press” as an essential pillar of democracy. I mean, in other communist countries the press at least waits to be nationalized before they start humping the leg of their master. I guess since these guys know with their abysmal ratings it’s only a matter of time, so they want to earn enough Scooby Snacks to get to the front of the line.
WARNING: Also on that page is a link to a story titled: "President Obama goes One-on-One with Matt Lauer". I cannot vouch for that one because I didn't dare click on it. But if you must, make sure there are no children in the room. Don't miss the latest Budget Buster "The Mummy 2010". The Mummy (played by Nancy Pelosi) is sent to Congress by a radical district of trans-gendered, sexual deviants and drug addicts to hijack the entire US Congress. Will she and her partner The False Prophet (Barack Hussein Obama) succeed in their overt scheme to bleed the country dry and convert it to tyranical hybrid of Islam-O-Marxism? Or will the nation wake up and charge them for the treachery they personify? Choose your own adventure.
Sunday, March 28, 2010
Dear Mr. Netanyahu,
Once again, the interests of America and Israel are completely aligned. We both recognize the threat of this administration. As a natural born citizen of the United States, I feel obliged to apologize for this breach of decency and professionalism. Millions of us feel your pain, but as the expression goes - “it’s complicated”. It may look like our nation just “snubbed” you in Washington but –we- really didn’t. You’re a smart man so I’m sure you realize that we have a problem. The degenerates of our nation have succumbed to the same con artist who is now trying to strong arm you. We all remember the photo ops with Bush and Clinton playing the part of “honest broker” between Israel and the Terrorist PLO. This time it’s a little different. When you are meeting with this President, at best, it is akin dealing directly with the terrorist. In fact, both won a Nobel Peace Prize; what does that tell you?
Please Mr. Netanyahu, it is your land and has rightfully been so for thousands of years. Please keep building away in Jerusalem; do what you must do for your own national security, especially in regard to Iran.
Many in this country are indoctrinated but few are legitimately educated, especially on the history of this conflict. We often hear about these “Palestinian refugee camps” and most of the world is led to believe those Arabs were driven there by the Jews. The racists at ABC, CBS, NBC, CNN & MSNBC, the United Nations and most of our “university” professors conveniently leave out the fact that in 1948 it was the ARAB military that threatened Arab civilians to “get out” and that those who didn’t would be considered TRAITORS to the cause. They didn’t want the Arabs there getting in the way of their failed invasion. They didn’t want to inconvenience their soldiers by making them have to distinguish Arabs from Jews. It makes the extermination process more difficult.
In his book Judgment Day, author Dave Hunt pointed out the fact that in 1948 when the approximately 500,000 “Palestinian” Arabs were forced out of Israel by the ARAB military, nearly 800,000 Jews were forced out of their homes in Arab lands. We never hear the bleeding hearts in regard to the poor Jewish refugees.They leave out the fact that Palestinian Arabs were encouraged by the Jews to stay in Israel while Jewish refugees were FORCED out of Arab lands by threat of execution and were not allowed by Arab governments to transfer out their assets.
Our racist media leave out the fact that those Arab Palestinians who did stay enjoy “all rights of full and equal citizenship and due representation in all its bodies and institutions” – Israel’s Proclamation of Independence issued on May 14, 1968.
Our racist media leave out the fact that Arabic is an official language in Israel together with Hebrew and is taught in Jewish secondary schools. They don’t mention that there are nearly 1,000 Arab educational institutions in Israel, that the Arabic press in Israel is among the most vibrant and independent of any country in the region, that they have Arabic radio and television and Israeli universities are open to Arabs. (Source: Judgment Day, Dave Hunt )
They leave out the fact that in spite of the ARAB warnings to leave in 1948, about 20% of the Palestinian Arabs did stay and that in a recent poll - 70% of Israel’s Arab population said they would much prefer to live in Israel than in any other country in the area. (FLAME, Facts and Logic About the Middle East, World Dec 30th, 2000/January 6, 2001)
Hunt pointed out the interesting fact that Palestinian refugees have long been kept in refugee camps - when they could have been absorbed many times over by the Arab nations who desperately needed workers. According to Joan Peters (former CBS Producer and author of numerous books on this conflict, in 1977), the Syrian minister of Trade and Economy asked that a message be given to the American government. Syria hadn’t the population to develop arable Syrian land. They needed people as well as technology. They would give valuable plots of Syrian land to anyone who would come to work it. Peters asked Syrian officials, “why not give the land to those Palestinian Arabs who would choose to accept your offer? She said the answer was always the same… “We will give the land to anyone- the Ibos, the Koreans, Americans…anyone who comes- anyone but Palestinians! We must keep their hatred directed against Israel”.
It is not surprising these Palestinian Arabs who currently live with the Jews in Israel as citizens prefer it over any other country in the Middle East when you consider they enjoy far more freedom than they would elsewhere. They have many of the same basic freedoms they would have in America and in some ways more. Their rights are expatiated in the founding Israeli documents. Yet, if Americans or Israelis tried to practice our religion in-their- homelands, we would literally lose our heads! That’s due to the same Sharia law some Muslim organizations are trying to bring here to our country.
I never fail to be astounded by the deception of our media. They talk about this charade as though it was intended to be a legitimate “peace accord”. What is the true intent of Obama and his terrorist friends in the PLO? Is this organization that has for decades been strapping their brainwashed women and children with dynamite and using them as human missiles on bus loads of Jewish civilians suddenly going to live in peace and contentment with the Jews if Netanyahu capitulates to the “land for peace” demands?
A basic tenet of Islam is that all Jews must be destroyed. According to the Hadith, Muhammad said that “the last day will not come until the Muslims confront the Jews and the Muslims destroy them. In that day Allah will give voice to the rocks and the trees and they will cry out “O Muslim, O Abdullah, there is a Jew hiding behind me. Come kill him!” That sounds like the basis for a great “peace accord”.
According to Dan Weil at Newsmax, White House Press Secretary Robert Gibbs quibbled with details of the Israeli accounts of the snubbing of Netanyahu but didn’t deny that the White House was sending a message to the Israeli Prime Minister.Barack Hussein Obama is sending more than a message to Netanyahu. He is sending a message to the Islamic tyrants of the world, with whom his true loyalty no doubt rests and he has been doing so throughout his short tenure as President.This guy really isn’t that clandestine. Anyone who wants to see the truth can see that he has been all but skywriting his intentions - to the Islamic world. The words and deeds of this would-be tyrant demonstrate that he intends to subjugate our country – our country (emphasis intentional).
In fact, he DID skywrite it last year in an absolutely bizarre manner that anyone with a morsel of intelligence would plainly understand if they were not thoroughly intoxicated by this false prophet.We’ve heard many lame excuses for the following video, none of which are even slightly believable. After watching this I take great offense as should any reasonable person, at the notion that this was anything but a calculated message.
The symbolism was astonishing: After he had just moved into our White House, it didn’t take long before he caused the entire world to view the potent images of AIR FORCE 1 – TERRORIZING the very city that his counterparts had terrorized a few years before. The fact that it was any type of plane was appalling - but sending Air Force 1 was an infamous statement to the Islamic world taking place right before our eyes.
He was telling his fundamentalist partners that there is a “new Sherriff in town”. Witnessing the video of New Yorkers running from the shadows of Air Force 1 and hearing their fearful screams was absolutely surreal. This extremely cruel gesture was not unlike the way a dog dominates others to show who is in charge. I believe this so-called photo opportunity was intended as a clear symbolic message to those our imposter believes to be his actual constituents - the Islamic world.
Only in this context does his bizarre and unexplainable behavior become explainable. Another sample: In June of last year, White House photographer Pete Sousa snapped a photo of Obama while he was talking on the phone with Netanyahu. In the photo, Obama had his feet propped up on the desk inside the Oval Office, with the American flag strategically appearing behind him. Israeli newscasters called the posture insulting, since in many Arab countries, it is considered an insult to show someone the sole of your shoe.
This reminded me of a recent interview with President Bush talking about the reverence that presidents historically have demonstrated for that office (until Clinton of course). Bush explained why he never entered that office without wearing a tie out of respect for the office.
This Obama picture is disturbingly symbolic PR directed to his Arab constituents once again. It is disturbing because it demonstrates his contempt for America as he disrespects that office and it is disturbing that this photo just happened to make it all around the world! And it just so happened that of all people with whom the president talks on the phone in a given day – it just HAPPENED to be with ISRAEL’S Prime Minister Netanyahu and they made sure everybody knew it!
This is all just coincidence, right? Unfortunately, what could be our undoing is that we are a people trained to dismiss all evidence of evil by liberals as “conspiracy theory”. Like a popular character “Keysor Sose” said in a movie called The Usual Suspects, “the greatest trick the devil ever pulled on mankind is convincing them he doesn’t exist.” http://www.youtube.com/watch?v=kl0H1EUQ_38 Democrats have indeed convinced a significant number of our youth that the devil doesn’t exist. They bring ridicule to those who see the obvious as “nuts”. Unfortunately vindication sometimes comes at an exorbitant price.
Although tangential to this subject, a case in point is the vindication of Ron Paul. I have never been a Ron Paul supporter because I found him dangerously naïve about the Islamic threat and the goals of Islam. But I vehemently agreed with his economic warnings and if any honest person were to go back and watch the debates, they would see that he was nothing short of prophetic. He was treated by his contemporaries with disdain and practically ridiculed off of the stage at the time. Ron Paul, for warning the nation of predatory economic policies was often ridiculed as a nut. Paul still doesn’t get much attention from –any- of the news networks but when the Congressman is on the financial media, people rightfully listen. At this point I would say that he is one of the few elder statesmen in Congress who deserves to escape the wrath of conservative voters.
What Ron Paul did that made him unique to most of those in our government was that he looked at the glaring warning signs and he spoke of the reality. The reality was so bad and the consequences so devastating that nobody would believe. We are conditioned by decades of lies and a lifetime of luxury that nothing dramatic can ever happen. Any talk of economic collapse is conspiracy theory. Any talk of malicious intent toward America from within is dismissed as conspiracy theory. The -daily- effrontery of this president toward US citizens and Israel add up to compelling circumstantial evidence. The significance of this behavior to the perceptions of the Arabic world puts the bizarre in a meaningful context. This is a guy who appeases Iran in every way but has taken every opportunity to publicly humiliate our best ally, the only true democracy in the middle-east.
His greatest protection is the fact that his actions are so suspicious that nobody wants to face the possibilities. The fact that his improbable rise to power is remarkably reminiscent of The Manchurian Candidate actually works to his advantage. It inoculates him because after all, if there was a movie about it, it couldn’t actually happen in real life. From the nationalization of industries, bribery of elected officials, assault on unborn children, destroying the greatest healthcare system on Earth and now appointing radical leftists while Congress is out of session, Obama is assaulting every facet of our lives at once.
The left know we cannot possibly garner attention to all of these battles at one time so some are sure to slip by without any animadversion. In the midst of everything else, he is launching a strategic assault upon our own military. Unlike other Democrats who used to ignore the military, this one couldn’t wait to assault it by pushing the homosexual agenda on it. Obama is using the same tactics on the military as the left have used on our children in the public school system. He is sowing the seeds of immorality because he wants to sculpt it into a left winged social experiment. What an ingenious way to destroy the most powerful force for good on Earth, from within, by sowing the seeds of dissension and debauchery which are certain to ensue.
Think I’m over-reacting? What a curious time, in the midst of war to make the commendation of sodomy a top priority in the military! It would be highly advisable to start a campaign to get copies of the constitution for every member of the military because the usurper will no doubt try to abuse them as he has abused everything else this nation has held sacred and it is only his first year.
It is clear this infiltrator is a globalist who wants this military to serve under the authority of the United Nations. It is clear that his loyalties are with the Islamic world and it is clear that he will seek to help them destroy the nation of Israel.Following is a somber verse from the Prophet Zechariah and it is frightening to realize that through the actions of Hussein and Biden, we are asking God to destroy our nation by siding with these Islamic terrorists. “And in that day will I make Jerusalem a burdensome stone for all people: all that burden themselves with it shall be cut in pieces, though all the people of the earth be gathered together against it.” - Zechariah 12:3
God promised Israel that land and the terrorists are not going to prevail. Israel WILL prevail regardless. The important question for America is –who- and –what- is our Commander-in-Chief and which side will America be on? Our fate as a nation depends upon that answer. A hint toward that answer can be seen in Sunday’s headline at Newsmax.com which reads “Legislation passed by Congress imposing harsh sanctions on Iran has languished for months without President Barack Obama’s signature as the Islamic Republic moves forward with its nuclear program.”
Something I would like to revisit was a story at the time of Obama’s inauguration. It was a bit of a fluff piece when we were told that Barack Obama would be the first sitting US president to use email and more significantly, a Blackberry. Initially it wasn’t certain he would be allowed to use one because of security concerns. It was said that his love for his blackberry was “famous” and Obama said they would have to “pry it from his hands” before he would give it up. According to the Guardian report linked below, it is a special, highly encrypted mobile which would satisfy security demands and "Obama will be able to use it still for routine and personal messages…"
I have security concerns regarding Obama and that BlackBerry but it isn’t for the same reasons. They gave him a new “spy-proof smartphone” ostensibly to protect Obama from spies. However, in light of this guy’s aversion for capitalism, our constitution and the foundational Christian values of our nation, this begs the question of what protections the people of this country are ceded from possible espionage. We know he’s also using this special Blackberry for personal use and that is what scares me. The way things are going with this President, I wouldn’t be surprised if they eventually do have to “pry it from his hands” by court order and the sooner the better because I’m really beginning to wonder what the h e double L we might find.
I will conclude with this subtle signal Obama has sent to his Ayatollah constituents.
This wasn’t a covert message but it was a significant slip up when you include it with the ever growing body of evidence. At the very least it is just one of many glaring giveaways that intelligent people should have pondered if they had conducted any meaningful due diligence before casting their votes.
If you are a Christian reading this, how many times in your life have you inadvertently referred to your faith as "my Muslim faith"? Can you honestly ever conjure up any scenario where you might ever accidentally call yourself a Muslim?
Cogitate on this in the context of all Obama’s bizarre behavior, the contemptuous gestures toward Israel going back several months from the symbolic shoe shot while making it clear to the world that he was talking with ISRAEL at that moment in time.
Combine that with Biden’s actions last week and Obama’s insolent (and juvenile) act of humiliating Netanyahu in Washington this week, making sure everyone in the worled KNEW he did so (to our shame). Then think about the fact that he was educated as a child in a Muslim school and the fact that standard Islamic “education” of children, especially in that part of the world instructs them on the duty of annihilating Israel and all Jews.
Think about his domestic terrorist friends who helped him launch his political career, his spiritual advisor and long time pastor Jeremiah “God damn America” Wright and his devout Marxist cabinet. Is it preposterous in light of everything to entertain the possibility that this nation might have a Manchurian candidate on their hands?I expect that I will receive some caustic emails from the left who love to indulge those who aim to destroy our constitution and everything we hold sacred. Being the masters of specious rhetoric, despite their eight years of antagonizing the benign President Bush, they will say “How dare you write such things… you may not like the man but you should respect the office of the presidency.” I will spare them the keystrokes and declare here and now. By God, I write these things BECAUSE I respect the office of the Presidency.
Wednesday, March 17, 2010
Conservative author Diane West just wrote an important column in which she points out some disturbing trends regarding the media mollycoddling of Islamic tyrants. The example she highlighted was their treatment of Geert Wilders. If you are not familiar with Mr. Wilders, it’s not surprising given the obvious pro-Islam bias our media has demonstrated. Wilders is leader of the Freedom Party in the Netherlands and has been sounding the alarms against the Islamization of Europe.
Wilders became internationally known for his controversial film called Fitna - roughly translated as "strife" in Arabic - which links the Quran to terrorism. No television company would broadcast the film and Dutch politicians tried to ban it. The British government had at one point banned Wilder from the UK on the grounds that he posed a threat to public security. In the liberal European media you will often hear of Wilder referred to as a “fascist”, which is incredible if you consider that Muslim leaders practically worship Adolph Hitler, the man with whom Muslims were aligned during WW II.
It really demonstrates the contempt the left has for historical reality. Unfortunately, as Diane West’s column highlights, some who we often hold in high esteem - share in this contempt for history as far as Islam is concerned.West highlighted the fact that multiple Fox News pundits including Glenn Beck and Charles Krauthammer are now branding Dutch Freedom Party leader Geert Wilders as “beyond the political pale”. (Following this column is a link to Geerts’ official website where he addresses Fox and Krauthammer directly.) What makes Fox’s sudden affection for Islam suspicious is - as Ms. West accurately put it - “Rupert Murdoch, for reasons unknown, sold what is now a seven percent stake of Fox’s parent company News Corp. to a scion of the sharia-dictatorship of Saudi Arabia, Prince Alwaleed bin Talal.” West contended that “for the Fox commentators, supposedly punditry’s bulwark of Western values, to bring it up just to slap it down -- and without factual care (to say the least) -- was disappointing but also irresponsible.”
You cannot count on -anyone- these days. The goal of Islam elucidated by Muhammad, the Quran and the Hadith is to conquer the world.Islam’s plan for western civilization is very clear. If you are a Christian or some other type of "infidel", you will basically have two choices:
Males - convert to Islam or you will be executed.
Women & Children – Convert to Islam or you will be mutilated and literally enslaved.
Jews - must be murdered regardless. According to Islam and Muhammad, all Jews must be eradicated from the face of the Earth. (Hitler is still a hero in Islamic nations and Mein Kampf is still a best seller there eighty six years after being written.)
Islam is only "peace" for Muslims who know very little about their religion and do not follow it with fervor (just as there are many who call themselves Christians by birth or tradition but have no idea what makes one a Christian). That may be the majority of Muslims (if we are fortunate) but true Islam can be nothing less than savagery and if there should be a “great awakening” among those who claim the title of Muslim, all hell will be unleashed all over western civilization.
Many Christians do not regularly participate in "mission’s trips" like those taking place in Haiti and throughout the world every day; but “fundamentalist Christians” have been faithfully orchestrating them for over 2,000 years. What about Muslims? Where’s the fruit of their religion? If you think you haven't seen a Muslim missionary, you haven't looked closely enough. The Muslim missionary can be seen in Sudan, Indonesia, Nigeria and other parts of the world, following the example of its founder Muhammad, murdering, plundering and trading slaves. The most well know Muslim mission’s trip in the US took place on September 11th, 2001. That was -NOT- as the cretins of the west claim is "radical Islam". That was simply OBEDIENT and authentic Islam. Those who deny this fact taught and ordered by Islam and its “holy” books are in apostasy. Sure there are many who have resisted and are resisting as we are seeing in Iran. And those people are being murdered by their Islamic government for being “secular”. The people in Iran who want their freedom are heretics in the mind of the sick, twisted Islamic government. That is what they want to bring here to America and that is what they will succeed in exporting to America if we do not rid ourselves of the traitorous appeasers and profiteers who are selling out our country to this evil religion.
Those who take offense to these assertions are simply deluded by the propaganda of people like Barack Obama, Bill Clinton, George W. Bush, George Soros, Rupert Murdoch and many others. They dismiss the truth with erroneous remarks like “there are extremists in every religion; you have whack job Christians that go out and kill people (like abortion Doctors)…” and the ever popular question “what about the crusades?” Those are comparisons often made by intelligent people who have some knowledge of history but are exceedingly ignorant of both Christianity and Islam. They are making a statement based upon what they –want- to be the case because it is simplistic.The reality is that throughout history there have been rulers in high places and Popes who –claimed- to be Christians - who were not. Anyone with knowledge of the Protestant Reformation knows that these corrupt leaders wouldn’t allow the Bible to be translated into the language that the people could read or understand –BECAUSE- what they were doing in the name of Christ was absolute corruption and in total contradiction to the teaching and works of Jesus Christ. These imposters were not at all Christians and they brutally murdered many reformers who dared to translate the words of Jesus Christ into the language of the people because they knew that once the people could learn the true word of God – their racket was over - and the truth would set the people free. This simple reality has been deliberately convoluted. Some are deceiving for financial gain and some are the same faction that gets aroused by sucking up to those who are determined to destroy America.
It is really quite simple to summarize. Simply look at the life and teachings of Jesus compared to the life and teachings of Muhammad. Those who believe in Jesus and follow his commands will love their neighbor as themselves and do unto others as they would have others do unto them. The commission that Jesus gave his disciples (and us) is to “go into all the world and make disciples of all men.” That is the catalyst which prompts real Christians to traverse the world feeding the poor, healing the sick, building hospitals, orphanages, drilling wells, etc. Jesus said whatever you do unto the LEAST of THESE, you have done unto ME. That-is the example that Christ set and what he instructed his followers-Christians- to do. Again, this is much different than Jihad, which is the work of the Muslim “missionary”. Scour the Earth for a demonstration of their good deeds and all you will find is what we have seen in New York City, Yemen, Dar es Salaam, Tanzania, Nairobi, Kenya and countless ongoing atrocities to boot.
Here is a photo of a boy who lived on a beautiful family farm as a child in southern Sudan until he was visited by some muslim missionaries. Here is an excerpt but go ahead and read his short story. "Men with guns were entering the town. Men on horses, shooting with their rifles, slashing people with their swords, chopping off heads with a single swipe. Someone grabbed me from behind - a murahaliin, yelling and waving his gun. He pushed me back together with other boys and girls. Everyone was crying and screaming for their parents. There were no Dinka men standing, everywhere I turn, I saw blood running from them like water in rivers." http://images.google.com/imgres?imgurl=http://2.bp.blogspot.com/_TVbzAukzhgw/RkSoFFY_ajI/AAAAAAAAABE/UwTSsNyoXJ4/s320/SUDAN1.jpg&imgrefurl=http://myden-myden.blogspot.com/2007/05/slavery-todaythe-story-of-francis-bok.html&usg=__AaGbsN0Ozdi-DFieG0iJFLZxRNY=&h=220&w=137&sz=27&hl=en&start=7&um=1&itbs=1&tbnid=6eCJGnkcarZyUM:&tbnh=107&tbnw=67&prev=/images%3Fq=slavery%2Bsudan%26um=1%26hl=en%26rlz=1R2ADRA_enUS349%26tbs=isch:1
We are begging to be destroyed. I hope everyone is feeling good about themselves in the process. That’s what this is all about, “look at me, I’m such a humanitarian because I pacify terrorists, I'm such a diplomat…” They gave Yasser Arafat a friggin Nobel Peace Prize!In regard to Diane West’s column, I cannot say I’m surprised by Murdoch’s selling us out. Just because I prefer Fox News over the others, I have no delusions about this guy. It is clear Murdoch has put his back pocket ahead of US national security and national morality. Murdoch through the Fox Network is the biggest purveyor of filth on television. His company leads the pack on pushing the limits of acceptability and vilifying the faith upon which this nation was founded. He may have trouble with exposing the truth of Islam but Murdoch definitely has no problem PROFITEERING off of the mockery of Jesus Christ.
Here are a couple samples of his toxic assault on our nation. It is important that you view this as a responsible American because you SHOULD be offended that this is even on the airwaves. “Jesus Comes to Dinner”
I could no longer obtain a link to the worst of them. A March 30, 2009 “Family Guy” episode pushed the homosexual agenda and denigrated Christ again. At a "straight" meeting, the speaker talks to gays about Jesus and tells them, "Jesus Christ, who hates many people, but none more than homosexuals.” http://www.afa.net/Detail.aspx?id=2147483733 (PepsiCo helped sponsor the program.) Notice how Murdoch profits by putting such unthinkable filth on the airwaves.
Can you imagine what would happen if the left mocked Muhammad in this way? Can you imagine if the “Curb Your Enthusiasm” episode where Larry David urinated on a painting of Jesus’ face had instead urinated on a painting depicting the face of Muhammad? It wouldn’t HAPPEN! (Curb you enthusiasm scene below)
The media, at our peril, venerate the terrorist Muhammad – and to be honest, that word is a euphemism for the so-called “prophet”. As I look at the western media dismissing a prescient man like Wilders, it reminds me of the years of disdain that Sir Winston Churchill endured from Parliament and the media as he vociferously warned them of the evils of Adolf Hitler.
The ignorance toward the murderous intent of Islam upon the entire globe is absolutely surreal. Couple that with the extreme hostility those same appeasers of Islam have toward Christ and it will strengthen the faith of anyone who knows the scriptures because of the accuracy of the promises, one of which is that good will be looked upon as evil and evil as good.
When I say it is surreal it is because the global treachery is all so obvious and undeniable to anyone who simply reads Islamic history and examines the Quran and the Hadith. To anyone with even a modicum of intellectual capability, it would seem IMPOSSIBLE for what we see happening – to actually be happening! But it IS! It is like Invasion of the BRAIN Snatchers.
I remember reading the prophecies in Revelation as a child and having a difficult time picturing the following specific verse being fulfilled: "And I saw thrones, and they sat upon them, and judgment was given unto them: and I saw the souls of them that were beheaded for the witness of Jesus, and for the word of God, and which had not worshipped the beast, neither his image, neither had received his mark upon their foreheads, or in their hands; and they lived and reigned with Christ a thousand years." Revelation 20:4.
The time of my childhood was a time before Islam was a thought on most of our American minds. Now as I read that passage, it makes me think it is entirely plausible that Islam does conquer the world. It was too difficult to picture beheadings at some point being received as a widespread form of capital punishment. In the context of today’s reality, it is much easier to see because, in the middle-east, beheadings are a normal part of life. In Saudi-Arabia beheading is the punishment for converting from Islam to Christianity. This is the type of law that they will bring to the entire world with the help of the high profile traitors like those previously enumerated as well as those eternally credulous and apathetic westerners who live for the plaudits that come with political correctness and appeasing those who want you dead.
I’ll never be able to erase from my mind the live broadcast by the Hollywood A-list after the Muslim mission’s trip of September 11th. A day or two later while the smoke and fire of the twin towers were still smoldering, Actor Will Smith on a national telethon, stood before the camera with a frail Muhammad Ali by his side and praised Islam for being such a “religion of peace.” What has Islam or ANY Muslim in the world ever done to deserve such laudations?
Where were these Hollywood degenerates when Mother Theresa died? You barely heard a mention of her deeds from the media or any of these shallow narcissists because ironically, Princess Diana died on the same day and they were all too busy worshipping the former princess for her lifelong self-sacrifices.
To Murdoch, the Hollywood miscreants and all of those in government who wish to sell out the United States for a few billion: If you love wealth more than liberty, the tranquility of servitude political correctness better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen. - Samuel Adams (adapted for 21st Century by MrArbitrage)
Contact: firstname.lastname@example.org Sources:
http://www.geertwilders.nl/ (Official website of Geert Wilders)
Special thanks to http://imkane.wordpress.com/ for forwarding the column to me that was the catalyst for my column.
Monday, March 15, 2010
Our elected swindlers have reached a major milestone this year or I should say millstone (around our necks)। As noted in an AP column today, for more than two decades, Social Security collected billions more in payroll taxes than it paid out in benefits but not anymore. This year the program is projected to pay out near $29 billion more in benefits than it collects in taxes.
AP writer STEPHEN OHLEMACHER pointed out that although US Treasury Bonds are normally issued only in electronic from, THESE congressional IOU’s came with actual paper certificates! I found that amusing, as though they now have more intrinsic value because our prodigal government took the trouble to have the $2।5 TRILLION in bonds printed! Hey, Confederate dollars were printed. How did that help? When you have $2.5 trillion of something, there won’t be much antique value.
This is the legacy that people like Ted Kennedy and John Murtha left behind for us. They were here to live through the plaudits of the leftist media. Now they are gone and we are stuck with the consequences.The government purportedly borrowed the money from the Social Security “trust fund” because they didn’t want to borrow from foreign creditors. If we take that claim at face value, it is ironic that Social Security is now dependent upon the Communist Chinese of all possible foreign creditors. China had us in a compromising position –before- but now think of the implications! Just picture what will happen when China decides to –stop- buying our debt and suddenly the Federal government cannot borrow the money necessary to pay out the current benefits.
I wrote a lengthy column on this subject titled The Most Deadly Platitude of the 20th Century in which I enlarged upon the deadly platitude that “China would never do that to us because they would hurt themselves as much as they would hurt us.” People who say that usually have little understanding of advanced financial strategies. They do not understand that you can actually be long on an investment and simultaneously profit by its obliteration. One common strategy is called a “Bear Call Spread” where you play both sides of a stock (or underlying investment vehicle) –but- your bias is toward the downside when you purchase at an out-of-the-money Call option while selling an at the money Call option.
There are other ways of accomplishing the goal but the objective is to play both sides of the market with the large profit occuring as the underlying investment plummets. That is where China is heading in order to win this game. They may not be any more devious than our elected scoundrels but they have had significantly more practice so the advantage goes to them.Just like any other major attack that has succeeded against America, the warning signs were everywhere but the enemy succeeded because of our propensity to live in denial that it couldn’t happen.
They cannot get themselves to think that a powerful communist country with the largest population on Earth could ever intend to dominate the world with the communist economic and belief system. Never mind that when communism fails the communists contend that it simply “wasn’t done right” and that world uniformity is absolutely necessary for communism to properly work.
This is for all the chips. They are gradually cornering the market in valuable commodities and when they are ready, they will pull the plug. You will see the panic ensue as the US government cannot get enough buyers at the Treasury auction to make those Social Security payments. That is when the printing presses will go into a gear the heights of which nobody has ever witnessed. The inflationary result will be at a level not seen since Soylent Green (rhyme intended). Communism is brutal and they will have no compunction about what may befall the US and even their own citizenry as their strategic state owned positions will make them the premier global power.
America will have to go crawling to them like George Bailey did to Mr. Potter after Uncle Billy lost the deposit and the Bank Examiner was closing in. Unfortunately, there will not be any Sam Wainwrights to bail us out in the end because that has always been –our- role. The countries that fair best will be the world’s dictatorships. You will have the oil rich dictatorships in the Arabic world and the commodity rich communist dictatorships of China (and Russia, also commodity rich will revert back to communism). Not coincidentally, these countries have long been aligned against the west.
Hmmm, Communism as an economic system and Islam as a ruling religion (Sharia law), what an intriguing hybrid. It just so happens that our occupant at 1600 seems to be the personification of the two world views.
I really don’t have any delusions that anyone is going to listen to me on this matter and I really don’t have any doubt I will be right about China. It feels like it is an academic exercise, just like the exercises you will see (by clicking the “My Track Record” tab on your left) that I made when I warned about this economic disaster on August, 2001, before the world went to hell-in-a hand basket, a time when terrorists and Jihad were the furthest things from our minds. You will see the warnings about General Motors 8-9 years ago when GM was at all-time highs. You will see early warnings about the AOL-Time Warner and other famous debacles all time-stamped from independent, 3rd party sites where I posted my columns when written so that there would be no question as to when they were written. Most financial writers claim to have warned about every past disaster known to man but they do not show you the proof, which is why I document them here. Here is the value: You cannot stop these lemmings from running over a cliff but you –can- at least position yourself for what is inevitable.Sources:
AP article http://news.yahoo.com/s/ap/us_social_security_ious
http://www.TableOfWisdom.com February 10, 2010 The Most Deadly Platitude of the 21st Century by MrArbitrage
Friday, March 5, 2010
This race has national importance for a number of reasons, one of which is it will demonstrate that for a majority of Republicans, John McCain was near the bottom of candidate choices in the 2008 primary. Initially, he could only win through the wide dilution of conservative votes, spread over several candidates. If –instead- of voting on which presidential candidate we actually wanted, we were voting on the one whom we found the LEAST palatable, McCain would have probably won that “inverse-election” by a land-slide. If it were a reality TV show, the Senator would have been quickly “booted off the island”.
Most conservatives have no enmity for Senator McCain as a person but as a Senator we have long found his actions appalling. To represent the people of this country one should expect to be held to the highest scrutiny. This election is indeed a test to determine whether we truly want to “take our country back” or if that expression is a mere platitude
For Arizonans to leave Senator McCain in that seat would be to proclaim to the nation that they have not learned a thing from our past disasters. Republicans cannot continue to allow imposters to undermine our fundamental principles and alienate the conservative base of our party. It seems clear that after the GOP negligence in squandering the majority we recently held, conservatives want –almost- a complete changing of the guard.
From McCain-Feingold to his “Gang of 14” betrayal, the kind of compromise that John McCain represents makes him the embodiment of everything we did wrong over the past decade.This would be an auspicious time for Senator McCain to bow out gracefully because the Jacobin’s are at the gate and their patience is wearing thin. We can throw him a nice going away party and he can spend the rest of his golden years with his family.
At certain critical junctures of our nation there was need for the wisdom of an old sage on the floor (like during the Constitutional Convention of 1787); but John McCain needs to know that he is no Ben Franklin and it was his cooperation for adulation that paved the way for the debacle in which we find ourselves ensnared.McCain v. Hayworth is a bellwether race. It will be useful in measuring the degree of resolve we truly have toward the goal of returning to our constitution and founding principles.
We can all participate in this race through our financial contributions - but only Arizonans can answer the question of whether the prodigal has come home or if he is still out blowing his inheritance. Have we suffered enough pain? If you would like to get involved by contributing to the J.D. Hayworth campaign, click this link and it will take you to his official website: https://www.jdforsenate.com/civicrm/contribute/transact?reset=1&id=2
Friday, February 26, 2010
See all the gum: My US Dollar cannot even buy me the cheap, second tier singled pack- of "Freedent" gum! Deflation??? Where are the pitch forks?
Ladies and gentlemen, this is serious. These illustrations may seem trifling to some but these are the foreshocks of hyper-inflation to come. As you can see, serious damage has already been done. But it isn’t over. As we witnessed on February 25, 2010 – the elected scoundrels met to devise a way to further plunge our nation into the abyss. What they are trying to promulgate with their government healthcare scheme is unmitigated economic jihad on the US dollar and will absolutely require trillions in additional counterfeit dollars. If you –own- debt (bonds) and cash/equivalents – you are unprotected.
Let’s suppose you already own gold and/or silver but you want to add something to your hedging program that can easily be traded as –currency- in smaller denominations.
I have an idea for you. To set the table for this one, I think we agree it is an axiom that our dollar is secured by little more than the empty rhetoric of elected swindlers. Due to their profusion, the dollar has lost over 90% of its value over the past century and they are on their way to 100%. Because they took us off of the gold standard, there is no measurable valuation for our currency and the same goes for our Treasury Bills, Notes and Bonds.
By thinking a little outside the box, the realization came to me that the US Government currently issues an overlooked vehicle that COULD easily function as a cash-like currency –and- an investment. Unlike the Federal Reserve Notes we use, this vehicle is backed by something with measurable, intrinsic value. The best part is that it could also go far higher in value than the broad inflation rate.
Without further ado, the idea I bring you is none other than the US Postal Service’s recently introduced “Forever Stamp” (Pictured below).The US Postal Service is not going away regardless of their balance sheet. They should make major adjustments but regardless, mail will continue to be delivered and this stamp is a GUARANTEE by the US government. It is not an empty guarantee giving you a claim to mere “thin air”. As it is written on their website (linked below) – “The Forever stamp will always be valid as First–Class postage on standard envelopes weighing one ounce or less, regardless of any subsequent increases in the First–Class rate.”Source: https://shop.usps.com/webapp/wcs/stores/servlet/ProductDisplay?langId=-1&storeId=10052&catalogId=10001&productId=10001880&parent_category_rn=&orderItemId=210773147&rn=OrderItemDisplay
THINK about that. That little stamp currently GUARANTEES you that you can transport a standard envelope weighing 1 oz or less – all the way across the continental United States. That takes gasoline friends. Not only does it give you claim on energy, it also gives you a piece of “manpower” regardless of wage inflation. If the dollar continues to plummet, causing gasoline to go to $500 per barrel and minimum wage to $50.00 per hour, you still have the right to transport that envelope from Key West to Seattle if you want. Now that’s a great deal more than what Little Timmy Bonaparte at Treasury is guaranteeing! Going forward in a hyper-inflationary environment, the USPS will have to raise prices on postage dramatically, creating a secondary market for “Forever Stamps”. Any difference in the spread between new stamps and the old Forever Stamps would be what I dub henceforth as “stamp arbitrage”. Efficient markets wouldn’t allow for that spread remaining wide for long.
Yes this idea is bordering on the tongue-in-cheek side but you never know. It could sweep the nation if enough people and business owners gradually participated. If it hit the proverbial fan, this would be easier than bartering with the gold dust you might have to grind up from your bullion (for smaller purchases). Item prices could be quoted in terms of the quantity of stamps for smaller items and in “books” (currently $8.80 for a book of twenty) for larger items. I don’t expect Wal-Mart and McDonalds to accept stamps as currency anytime soon but if you are a business owner who doesn’t mind holding some stamps and you are fed up with the financial jihad being waged against you by your elected swindlers - put a little sign in your window that says “We accept Forever Stamps” or “Forever Stamps are same as Cash”. You may even offer a little discount initially to get attention. If enough businesses and consumers started participating, it could take off. If we forced the government to eliminate the Forever Stamps due to the coming losses – at least we would have done something.
Just please don’t share this with China or they may bid up the stamp market while dumping their Treasuries. Wink.
Footnotes: Now before you start tell me how ineptly run the US Postal Service is – let me just say – I AGREE! But so is the US government overall and if I had to decide whether I wanted the folks at the USPS managing my healthcare or the Congress, Senate and President, I would opt for the USPS. They actually were the ONLY branch of the federal government to turn a profit until email came along. Back in the 90’s they were turning profits of over $500 million a year. I do not sell gold and this is not a commercial. My goal is to bring value in the quality of my columns because writing is one of my singular greatest felicities and my goal is to eventually leave the business of investment banking and do this full-time. If you would like to use material from the columns, feel free, just please use proper attribution. Contact: MrArbitrage@TableOfWisdom.com
Friday, January 15, 2010
MrArbitrage on Wall Street & Intel: "This one goes to eleven"
Marketwatch featured a column today regarding the fall of Intel’s stock price in spite of beating the consensus in a strong quarter. The concern is that although Intel is executing perfectly, they may be “peaking” and there are signs that margins are eroding.
The column is full of statements like “analysts had expected…” “analysts currently project…”
There’s the problem right there. Although I’ve been in this industry of “Wall Street” for a long time, it got me thinking - why even have analysts when all of these companies provide such guidance? Who knows better of what to anticipate than the people running the company? And the executives seem to be held to more scrutiny than the analysts. How many Wall Street analysts do you see going away in handcuffs versus CEOs? I laugh when I see the numbers analysts “expect” versus the company guidance because it’s usually within a few cents. I would LOVE to see how FAR OFF Wall Street analysts would be if they were not given guidance from these companies. I would love to see their raw due diligence and how they came to their numbers (I’m smirking).
It’s a farce. I mean, we all know the companies like to under-promise and over-deliver so they can “beat expectations” – but I think we are smart enough to figure that out and just round up a few cents to come up with our own expectations.
It reminds me of a scene from the cult classic film “This is Spinal Tap” where "Nigel", the metal guitarist is showing off his custom Marshall amplifier to the interviewer (played by Rob Reiner). In this scene, Nigel boasts about how most amplifiers only go to 10, while -his- "goes to 11". Reiner asks “Nigel” the question “why not just make 10 louder and make 10 be the top number?” Perplexed, Nigel pauses and answers “but this one goes to 11”. (Here’s the scene if you haven’t seen it.
This scenario is analogous to Wall Street analysis. Why not make the template adjustment to the corporate guidance yourself instead of paying an overpriced analyst’s salary? The answer to this rhetorical question is that they create an illusion of complexity that helps sell their services.
One of the quoted analysts wrote "Although we believe Intel is executing flawlessly, we are seeing several signs of a peak in the stock in terms of gross margins and earnings,.
I wrote a piece eight years ago on Intel that is relevant to this situation:
DATE: 1/16/2002 TITLE: “To the Pollyanalysts” http://boards.fool.com/Message.asp?mid=16476018 (time-stamped verification)
"Letter to the Analysts":
It's a tragedy that people still listen to you charlatans. Do earnings mean anything to you?
Does market cap mean anything to you?
When a company like Intel has its earnings drop 80% and it is still priced not for perfection as some like to say, but rather for stupidity, what do you do? You stick to your guns in order to save face and declare it a strong buy! It is typical of human nature to mitigate as you do in order to save face; however, it is disgraceful when your saving face is at the expense of millions of people. With INTC currently near its 52 week high and a market cap of about $240 BILLION DOLLARS, Intel will need to reach a market cap of about $1 trillion dollars in order to live up to the premium by which it now trades.
If Intel's near term future was so rosy, they would be increasing capital spending - not decreasing it. They should also be pumping up R&D spending because they are going to need to open new industries if they are going to reach the new highs from here which you predict. The actions of Intel don't seem to match the zeal priced into the stock, after all, as I have been challenged over the past several months for propounding the notion that the nature and history of technology is attrition in profits and margins despite the improvement of technology, the contention was that Intel would spend money fervently in order to create new markets. That was the justification I was given for such an extraordinary premium for diminutive earnings.
It will be absolutely necessary for Intel to re-invent itself to warrant this price because during their glory years, most people didn't yet own computers so naturally sales would be quite strong. It was the same way with automobiles, radios, televisions, VCR's etc.
The Calculator business was once a highly profitable growth industry. Now that so many people already own computers, there needs to be a pretty compelling quantum leap in technology for most people to keep that extraordinary growth rate of the 1990's going.
There is no such incentive at this time. Unfortunately, Intel is priced at the 50% EPS growth rate at this time while growth rates have actually been receding by the double digits! The price doesn't make sense.
I'm not saying that Intel is a bad company. There is nothing wrong with Intel. There is something wrong with Intel's price. I might add that it is through no fault of their own, unless Arthur Andersen is doing their accounting. The current egregious error in Intel's price in my opinion is directly attributable to the charlatanism of the Wall Street analysts coupled with the excessive credulity of the investors and fund managers. I believe we have a castle in the air my friends. Remember $240 BILLION Dollars is a lot of money, even in this day and age. In order to be willing to pay $240 bills for this company, one has to believe that Intel is heading to at least a half of a trillion dollars in market cap while jobs continue to be obliterated...
As I predicted in December, the new wave of cuts are coming after the major new cuts in automotive firings. We are in recession. Unemployment is going to the double digits and there is no compelling technology out there to start a massive wave of upgrades in tech spending.
So, all of you pseudo-analysts out there, sit back and have another hit of the old peace pipe."
In retrospect, not only did people scoff at my Intel price target, they also ridiculed my double digit unemployment prediction.
Wednesday, April 22, 2009
The Diabolical Genius of TARP
David Weidner of www.Markewatch.com wrote a column regarding the issue of banks hoarding the TARP money and not passing it on to consumers in the form of loans. The title of Weidner’s column is “Your credit is no good here”, in which he makes the case of why banks need to pull back from lending.
In his column Weidner points out a strange dichotomy in the position of Bank of America CEO Ken Lewis who has been talking publicly about how they are lending as if the good times never ended. Yet on a recent conference call Lewis said “credit is bad and we believe credit is going to get worse before it will eventually stabilize and improve.” Also on that conference call Lewis described a “deep recession that's going to be here for months.”
Unfortunately it may be here for YEARS thanks to our government prolonging the agony instead of letting nature run its course. It’s funny how much these kooks supposedly believe in “nature” when it comes to their desire of not interfering with the eco-system. If only they could make the correlation between their tampering with the laws of economic nature and realize it is very much analogous to the former.
Weidner wrote that “six months later, it's fair to say TARP has helped prop up some banks, but it hasn't flowed into the consumer credit markets the way the framers intended.”
That’s because those “framers” are blithering idiots at best, otherwise complete scoundrels. Just watch and listen to Chris Dodd and Barney Frank; enough said.
THANK GOD it hasn’t flowed through “the way the framers intended”. It stands to reason that credit would dramatically abate. It’s called going back to generally accepted underwriting procedures. The way these elected swindlers designed TARP was apparently not to fix the problem but rather to keep the Ponzi going until they are dead and gone.
While pondering the question of whether or not banks should open the proverbial spigot, just ask yourself this question: Would I personally make these loans from my own savings account? It’s a great question because under “Obamunism” - if the loans are bad – you are making them.
That’s the diabolical genius of Obama and little Timmy’s (picture Dr’ Evil’s “Mimi-me”) scheme to convert the Preferred Bank Shares to Common stock. It would appear that if they could take control of the management of these institutions by gaining control of the Boards and a large percentage of voting shares, they would essentially be able to engage in the type of reckless spending i.e. wealth re-distribution without having to bother with Congressional approval. It would be a minor technicality that they would be calling the redistribution “loans” instead of “spending”. This new spending could essentially be viewed by the recipients as “forgivable loans”. That’s chicanery at its finest! It would be a lousy deal for shareholders because any profits from the -good loans- made by the bank would be wiped out by all of the bad loans. If these preferred shares do get converted to common, don’t look for much in the way of dividends if you are a shareholder because any “profits” will end up in the hands of organizations favored by the administration that is controlling the Treasury Department. Looked at from this perspective, this would undoubtedly be the biggest bank heist in the history of the world. Instead of the tax-payers getting paid back with the present high yielding Preferred dividends, we will own equity positions in banks that will never pay dividends again as they become a piggy bank for governmental pet projects and corruption.
If you want to see the disingenuous motivation behind their proposal to convert the Preferreds to Common, let’s require that the conversion only take place if 100% of the Common is placed in -private- Social Security accounts for “Generation X” to be systematically divested over the next eight years with all voting rights diluted by the individual recipients of these accounts. (I chose Gen-X because they have paid into SS for decades, will continue to do so to fund the Boomers retirements – but will never receive anything close to what they’ve paid in.) That would take away the true motivation, which is control.
Subsequently, I’ve never heard of anyone converting Preferred stock to Common stock –without- the “convertible” feature being in the Indenture or Prospectus upon issuance. If these shares were indeed convertible, WHY was this considered NEWS as it was a few days ago when the trial balloon was floated?
In his conclusion Mr. Weidner wrote that “taxpayers fuming about the banks' unwillingness to loan government money into the system might reconsider, given that the banks are actually being prudent with taxpayer cash.”
That is absolutely correct; however, one cannot help but wonder what might have been if these prodigals had just returned the capital, all of these trillions of dollars, to its rightful owners, the people who created it. That would have been too radical, too “unfair”. So grab your popcorn, sit back and enjoy the deliberate destruction of western civilization. Don’t forget to thank your treasonous scoundrel in DC and your indoctrinated grandchildren for electing our Hussein.
Tuesday, March 3, 2009
O'Reilly doesn't get it
O'reilly doesn't get it. He's telling Brit Hume that the market pulling back 1,200% must be shaking him up... the American people may turn against him...”
O'Reilly doesn't get the fact that Hussein doesn't CARE. The media have not yet gotten what I've been saying for many months – he WANTS to tear it down. He WANTS to destroy our economy. He WANTS to tear apart our country.
It is not a coincidence that he, from the day he declared his candidacy, has been setting himself up before the nation as a form of Abraham Lincoln. It is marketing expertise. He stood in front of that state house where Lincoln served with a picture of Lincoln behind him as he declared his candidacy. He did so throughout his campaign announcing Biden as his running mate. He did so when he was sworn into office on Lincoln's Bible and even put the same freaking MENU Lincoln had served at his inauguration.
There is much more than symbolism going on here. There is a subliminal thought association game taking place and it isn't because Hussein is a history buff.
Watching the insane legislation he is promulgating and to listen to the fear incitement in his speeches by the deliberate and incessant usage of words like “crisis” and “disaster” - to conclude that he is setting out to do anything other than bring this country to our knees would be an egregious demonstration in credulity.
The Lincoln word association game is planting psychological seeds in the minds of the masses because this guy is so cunning that he is anticipating months or years down the road. By than he will be seen as the “modern Lincoln” and the masses will be convinced of his rectitude as Pavlov's dog is convinced on cue without any rational thought.
This is all unprecedented. He may well be expecting civil war and it looks like he's doing everything he can to prompt states with any ethical standards to secede. The creepy thing is that this year is Lincoln's 200th birthday.
Monday, March 2, 2009
There goes twelve years of gain. This debacle could have been avoided with a dramatic, 25% across the board tax cut with commensurate spending cuts. There is enough pork to accomplish this. Everyone is announcing lay-offs to try to stop the bleeding; where’s the announcement that the IRS will be laying off a percentage of its workforce? If you’ve ever called them to try to fix any of their screw ups, I don’t need to tell you that most of them are useless “dead weight”.
Marketwatch featured a column today referring to this market as a “Darwinian Market”. This isn’t a Darwinian market nor is this a traditional correction. It is more like a Marxist or Stalinist market and the bottom could be zero at the rate this "home grown" economic terrorism is playing out.
I was listening to a Fox News panel this evening as Mara Liasson was critiquing this administration. She was being slightly objective. Her criticism of Obama and Geithner was that they didn't elucidate upon the details as promised because they didn't know what they were themselves. She concluded that "Wall Street" simply "doesn't like uncertainty". I completely disagree with the overall premise. It is true that Wall has never liked uncertainty; however, it is quite erroneous to assert that Wall Street will suddenly be pumped with confidence when Obama and Geithner get more specific on how the bailouts are going to work.
I think the market got the picture late last week when the Obamunist Manifesto was released in its fancy blue book form proclaiming "the new era of responsibility". They say the "Devil's in the details" but details don't matter once the Devil has taken you to hell. The market doesn't like Marxism - no matter how lucid the prospectus.
As a student of market history going back as far as the "South Sea bubble" of the 18th century and the "tulip bulb craze" of 17th century Holland, having been a financial professional through peaks and troughs, I used to have confidence in the market. There was an invariable "reversion to the mean" to which astute investors could look forward.
We have our own Bolshevik revolution taking place. The key ingredient of capitalism is in the process of being eliminated from our equity markets overnight.
What did these people EXPECT would result from stacking the deck with tax cheat scoundrels like the one running the Treasury and plundering the responsible people of this country to bailout the deadbeats????
The Boomers and X’ers have failed. Overcome by selfishness, they have failed as parents by allowing the government school teachers, Ward Churchill and Hollywood to raise their children. All of the sudden, they are in college idolizing communists murderers like Che Guevara and electing Barack Hussein Obama.