July 23, 2011
Newsflash for the Pundits: Analysts have a poor collective track record
by Scott Ryan

Officials from Standard & Poor’s and other credit rating agencies told a gathering of Republicans this week that a default on the nation’s debt by the federal government could lead to a “death spiral” in the bond market.

We have enough tax revenue to make our interest payments so –not- increasing the debt ceiling shouldn't lead to a default on the interest payments. The significance of what has taken place in this incident is being misinterpreted.

Pundits Bill O’Reilly, Kudlow, Charles Krauthammer and old guard Senators like James Coburn are championing the status quo. Krauthammer is contending that Republicans have “over played their hand” and “appear as unreasonable”.

The fundamental problem with their melodrama is they are all making the mistake of assuming that the proffered opinion of S&P and Moody’s is somehow an axiom. Nobody is asking the question, who are these people and –why- should we blithely give their opinions credence? I take issue with the very premise. The notion that our debt- should- be DOWNGRADED based upon the debt ceiling not being raised is erroneous at its core and here’s why.

The people at these ratings agencies are merely analysts with their own opinions and are subject to their personal biases like anyone else. One thing that I have found about financial analysts in my career as a Financial Advisor is they are dead wrong at least as often as they are right. How soon we forget that many of these analysts slapped AAA ratings on CDO’s and CMO’s that were packed with tranches of pure garbage, liar loans. Most of these analysts LOVED the general obligation municipal bonds that were recently hammered down in valuation. Several years before the meltdown, municipal bond traders at a major global wire house told me that standard procedure was for these bond ratings agencies was to automatically slap a AAA+ rating on a GO bond if that state or municipality simply purchased an insurance policy from the muni bond insurers like MBIA & AMBAC. By the way, those insurers are not sound. One of the top bond insurers, AMBAC went bankrupt this past November and MBIA is on life support at best. Most of these muni bonds trade steeply below their IPO prices in the secondary market and are being propped up along with the junk bond market by the Federal Reserve’s exceedingly low interest rate policy.

Sure, we could see a self-fulfilling prophecy where our bonds trade down on Monday after a week of apocalyptic rhetoric. But the major buyers of US Treasuries in the primary market now have MORE reason to bid the price of Treasuries UPWARD as a result. The indisputable fact is that thanks to the tea party movement, we have finally elected a group to congress who recognize the gravity of the situation and are willing to stand up to the demagoguery that has for decades led to the pitiful compromise that CAUSED this situation.   That cause has been the appeasement of and by self-serving politicians who rasied the debt ceiling over and over and over again - in order to buy votes.

If the GOP led congress had capitulated and done what their predecessors have done for decades, follow the path of least resistance, they would have signaled to the world that we do not have what it takes to save this country from certain bankruptcy. We do not have TIME to make symbolic gestures with diminutive cuts and growth killing tax increases, regardless of what some academic quants think at Standard & Poors.  Smart money, i.e. countries and entities who buy up tens of billions worth of US paper – should have MORE confidence than yesterday that we are going to be able to exercise the fiscal discipline requisite to maintain these obligations into the distant future. I maintain that despite the manipulative rhetoric of Barack Obama and Harry Reed, the outlook for Treasuries and the US dollar is much more positive today than it was yesterday as a result of Boehner walking away from business as usual.

The “smart money” do not make their commitments based upon the prosaic reasoning of a Standard and Poor analyst. If prosperity truly was a corollary to reading an S&P report, the analysts at these agencies and the webmasters who publish the reports would be the wealthiest people on the planet because they get the “analysis” first. The strength of the US Treasury cannot be buttressed by Standard and Poors but rather the integrity of those who stand behind it.

Given the dismal track record of the analysts, I would no sooner solicit their subjective opinion on any financial instrument than I would that of an art or movie critic like Rodger Ebert. Ebert may be just as reliable. Concerning the scare tactics of the senate liberals, the last people I would listen to on fiscal matters is a group of elected ambulance chasers. The President would be much better suited to capitalizing on “slip and fall” victims. He and the rest of the lawyers should stick to that which they understand.

With the power of over-reaching government agencies like the SEC and a rogue Attorney General at his disposal, I can’t help but wonder what type of communication might be taking place between the Obama administration and executives at these ratings agencies that are profitable businesses in the highly regulated industry of Wall Street. Just saying - it might merit an investigation as the timing of their sudden proclamations could be perceived as somewhat peculiar.

As to the specious contentions of the establishment media pundits, they should be questioned as well. Krauthammer accusing them of “over playing their hand” (by not betraying us like they did before we lost our majority) - has a deceptive look of legitimacy because of the polls these pundits cite. In the same hour the pundits on Fox were was citing a poll that shows 60+ percent of Americans do NOT want the debt ceiling raised, these pundits cited a poll indicating that some 40%+ would “blame the Republicans if the debt ceiling isn’t raised”. Those two polls are actually somewhat congruent. The problem is that Krauthammer and the rest of the panel frame the polls and use their voice inflection to portray that as a NEGATIVE. If 60%+ of Americans DON’T WANT the debt ceiling to be raised – we should WANT the blame, especially if we actually BELIEVE in the cause which we advance!

- Scott Ryan

mrarbitrage@tableofwisdom.com

As one who likes to consider the record thought processes of those whose opinions I take into account, below are some relevant highlights to compare to the opinions of the analysts with whom I have for years taken issue.

My warning from June 2002 about the next crisis being in the banking sector:

http://boards.fool.com/my-warning-from-june-2002-about-the-next-crisis-29426392.aspx

"I fear that the next crises will be in the banking sector...The disease is a different kind of cancer. It's a seemingly inanimate form that is quickly devouring our foundation, which solely rests upon faith, character, morality and integrity. Independence Day is around the corner. Instead of having the nerve to sing the audacious request of “God bless America” right after we formally proclaimed in our Government God, you have no place in America, perhaps we should get on our knees and sing “God forgive America”."


"If they decide to get suckered into that Keynesian philosophy and try to SPEND our way to prosperity, we are going to have to jack up taxes, which will be the final death blow to this economy".

- MrArbitrage Sept 21,2001 http://boards.fool.com/the-panacea-to-our-economic-emergency-15788084.aspx?sort=whole  (Time stamped by posting at 3rd party website)

Here’s a recent example of what Wall Street analysts bring to the table in terms of expertise. One day after I came out with a Buy recommendation on Under Armour, Inc. common shares (UA), an analyst from the most historically revered firm, Goldman Sachs came out with a Sell recommendation:

2/23/2009 MrArbitrage initiates his BUY.

"Goldman responds with a SELL: Under Armour-UA initiated with a Sell at Goldman 02/24 05:43 AM."

Beautiful call Goldman.
Historical quote for: UA

Monday, February 23, 2009 (date of Goldman's Sell rec)
Closing price: $14.12.

July 22nd: Share Price: $80.00

http://boards.fool.com/mrarbitrage-on-ua-long-22309-27464429.aspx?sort=whole

At Table Of Wisdom.com (link below) I have compiled years worth of other time-stamped, 3rd party, independent linked documentations of egregious analyst ratings along with my own detailed remonstrance.  The great Dr. Burton Malkiel has an excellent book titled A Random Walk Down Wall Street in which he expatiates on the track record of the analysts.  The book is a classic and was influential in shaping my outlook more than any other investment book author.  I highly recommend reading it.

More… including warnings on GM woes from 2001-2003.… http://www.tableofwisdom.com/p/my-track-record.html

"American OPEC"
by Scott Ryan

Much has been said about the rising price of crude oil  over the past months but one aspect that hasn't been the focus has been that while oil itself is still a fair distance from its all-time high of $147 a barrel (light-sweet), gasoline is now just pennies away from the all-time high of $4.11 per gallon.

While the pundits are focusing on our need to drill for more oil at home, they are not discussing this disparity between prices then and now and what might be done to mitigate the problem in the more immediate term.

Some of our major oil companies drill the oil, refine it and distribute gasoline.  Yet, despite having a lower cost on that which they themselves drill from their own wells, they also purchase oil on the open market at the higher costs in order to meet the demand for gasoline.
(1 barrel of crude oil = 42 US gallons. It produces from about 21 percent to 35 percent of gasoline or petrol)

This past week, oil giant Exxon Mobil Corp said its profit rose 69% to nearly $11 billion in the first quarter, as $100-a-barrel crude prices helped the company’s bottom line reach levels not seen since 2008.

Politicians pounced on that as they usually focus on the large number itself, instead of the actual profit -margins- of the oil companies as consumers are naturally feeling the pain at the pumps.  It is much easier to incite anger over a dollar figure than a profit - percentage.

To be sure, we can definitely use more oil supply; however, the blame is not being properly ascribed.  A great deal of the rise should rightfully be given to our spendthrift government.  They use the platitude of how we are addicted to oil but in reality it is their addiction to SPENDING that forced the Federal Reserve to implement the past two quantitative easing campaigns in order to buy up hundreds of billions of dollars worth of debt instruments issued by these prodigals.

Trillions of dollars worth of unsustainable debt is signaling to the financial markets that more QE is inevitable regardless of the jawboning rhetoric of Ben Bernanke who up until last week refused to admit that inflation even existed.  Heretofore, he was warning of DEFLATION at the outrage of the American consumers who are not struggling with de-flation when they try to put food on their tables, heat their homes and fill up their gas tanks.

If you look at the price of all the items essential to human sustenance and the commodities market as a whole, one could conclude that the rising price of oil is just one of many items escalating in price.  The enormous rise in cotton is NOT due to the inarguable fact that we need more drilling.  It is more so because we need to STOP PRINTING!  And a change in monetary policy isn't going to happen the way our government is resisting fiscal responsibility.

To put the icing on the cake, last week it was announced that new applications for unemployment benefits unexpectedly jumped by 25,000 to the highest level in three months, in a worrisome sign that recent improvement in hiring trends may have stalled.  So we have prices rapidly escalating and less people working.  Sounds like "stagflation". 

Then we have loons like Bill O'Reilly on a crusade against the evil "speculators".  That doesn't deserve much attention and I will just refer to my July 28, 2009 column (The Intellectual indolence of those who attack Speculators) in order to address the non-issue.

So now that much of the blame has been properly attributed, I do believe that gasoline prices could and should be somewhat cheaper.  Going back to my point regarding the disparity between gasoline being near the all-time high of when oil topped at $147 a barrel, an interesting statistic that is rarely the focus of the financial media is the refining capacity utilization rate.  Just as we have been outraged at OPEC for the cartel's manipulation of supply when they meet and arbitrarily decide to cut back on their output, I believe the periodically released statistics show that the oil companies do something similar here with their output of gasoline.

We have often contended that we need to "build more refineries" because "we haven't built one in thirty+ years" and we cite the environmental barriers to doing so.  I do not discount that being true; however, given the current utilization of the refineries that we DO HAVE, I don't believe that the oil companies would -want- to spend hundreds of billions of dollars of their capital even if they could do so without obstruction.  I believe that is because there is little incentive to invest so much capital when they can simply sell their refined product now at much higher prices.

To support my thesis, take a look at the U.S. Percent Utilization of Refinery Operable Capacity (Percent).  These monthly statistics of the percentage of refinery utilization from January 1985, when oil was MUCH cheaper than now - go all the way through February 2011, which were just released.  In the 80's and early 90's they naturally kept the refining low when their profits on gasoline were quite low.  Then in the late 90's when oil was at perhaps a fair and reasonable price (for the industry AND consumers) , they were refining at much higher capacity, all the way up to 99.8% in 1998. (continued below statistics)

Year   Jan   Feb   Mar   Apr   May   Jun   Jul   Aug   Sep   Oct   Nov  Dec

1985 74.0 73.8 73.7 76.5 78.4 79.3 80.8 77.7 76.9 78.6 80.3 81.2

1986 81.4 77.9 75.9 81.5 86.0 86.3 84.1 86.8 85.5 82.6 83.7 83.6

1988 82.8 80.9 83.3 84.0 85.7 86.0 86.5 87.4 83.7 83.4 83.9 85.1

1989 86.2 82.8 83.8 83.7 86.5 89.6 88.9 89.3 88.4 86.1 86.1 84.0

1990 87.8 87.9 83.9 85.0 87.1 89.1 92.4 90.7 91.1 83.5 84.2 82.8

1991 82.5 84.4 83.2 84.6 87.5 89.8 88.8 89.1 88.3 83.4 83.7 86.6

1992 83.4 81.3 85.1 85.5 89.4 92.4 91.9 89.1 90.7 89.3 90.1 87.5

1993 86.8 86.6 89.3 91.3 92.8 95.1 95.1 92.7 92.8 91.8 91.9 91.2

1994 89.8 88.7 87.6 92.4 95.4 95.8 95.5 96.4 94.4 89.8 92.7 92.6

1995 89.6 87.9 86.7 90.5 94.0 95.6 94.0 94.0 95.6 90.5 92.1 93.3

1996 90.6 90.2 91.8 95.0 95.8 96.4 94.9 95.0 95.9 94.6 94.2 94.3

1997 89.1 88.0 90.6 92.6 97.5 97.8 97.1 98.9 99.6 97.0 95.8 97.2

1998 93.3 90.7 94.7 97.5 98.4 99.1 99.2 99.9 95.0 89.6 94.8 95.1

1999 90.4 90.0 90.9 94.6 93.9 93.5 94.9 95.5 94.1 91.1 92.0 90.4

2000 85.7 86.4 89.7 92.6 94.7 96.2 96.8 95.8 94.2 92.2 92.6 93.9

2001 90.2 90.5 89.4 94.9 96.4 95.6 93.9 93.3 92.2 92.0 92.2 90.2

2002 87.7 86.6 87.9 93.0 91.5 93.1 93.5 92.9 90.4 87.5 92.6 91.1

2003 87.2 87.4 90.5 94.1 95.8 94.7 94.0 95.0 93.1 92.4 93.6 93.0

2004 89.1 88.8 88.5 92.5 95.6 97.5 96.8 97.1 90.1 90.2 94.4 95.0

2005 91.3 90.6 90.8 92.8 94.2 97.1 94.2 92.7 83.6 81.3 89.3 89.4

2006 87.0 86.5 85.8 88.0 91.2 93.0 92.5 93.2 93.0 87.9 88.0 90.6

2007 88.2 84.7 87.1 88.1 89.7 88.5 91.2 90.8 88.9 87.4 88.9 88.7

2008 85.8 85.0 83.2 86.2 88.8 89.5 88.8 87.1 74.6 85.3 85.8 83.9

2009 82.3 81.5 81.5 82.7 84.0 86.0 84.2 84.1 84.9 81.5 81.1 81.3

2010 80.0 81.2 83.1 88.6 88.0 90.2 90.9 88.9 86.5 82.2 86.0 88.4

2011 84.9 79.8

If you look just above at the refining rate from February 2011, considering recent evidence demonstrating that the oil companies are not by any means HURTING for profit, it seems that it would be difficult to justify a reason why these companies should only be utilizing their refining capacity at a LOW that we have only seen for one month since 1987.  That's only the second time refining has seen the 70 percent range in the past 24 years!

I am not saying that the elected spendthrifts of all people have any right to step in and force them to increase refining.  I AM saying that the oil companies have a moral obligation to step up the refining regardless of the fact that they are buying oil in the open market, even if it means making a little less profit.  Sometimes people who run companies can be short sighted and make decisions based upon short term profits at the expense of their long term interests, especially publicly held companies where those running it are compensated by the exercise of short term stock options - as opposed to the old days when companies were run by the majority owners.

In the LONG TERM, it may be worth shaving a few billion from the quarterly profit if they can help to prevent the nation's economy from spiraling into a depression.  I know I will get e-mails telling me about the different locations from which the oil is shipped, the various types of crude and the couple weeks lag-time of gas prices versus the price of crude.  That has already been taken into account here.  I am talking about a macro trend and there is no way that they should be refining at an appalling 79% of capacity during a potential financial, inflation induced meltdown waiting to happen.  This is not much different than the actions of OPEC except that I'm not saying there is an actual meeting between the oil companies agreeing to reduce output of their product.  That can be accomplished with a nod and a wink.

Contact: mrarbitrage@tableofwisdom.com

The CB Patriot Project launch
by Scott Ryan
http://www.cbPatriot.com

This project has been on my heart for the past few months as I have observed the behavior of the Saboteur in Chief and reconcile it with the fact that he has been seeking to derogate dictatorial power, especially over free speech on the Internet.

As I wrote at cbPatriot.com:

Americans are dangerously inter-dependent upon cell phone towers and Internet servers throughout the nation. Whether intentional or by natural disaster, ALL of these can be instantly shut down during “emergencies”.

The CB Patriot Project is organizing around a simple technology and making it the back-bone of an emergency plan. By linking patriotic Americans across their homes, cities, states & country, we will be prepared for national or regional emergencies that could otherwise shut down our ability to communicate with one another.

After the financial meltdown of 2007 and the 2008 elections, millions of Americans organically organized and united with one another in a way that might never have happened without the Internet. If you remember how empowering it was to be among the millions who rallied together nationwide, you KNOW that the most important asset we have is EACH OTHER.

Those who desire to stifle liberty know that communication is key and that is why they want more control over the Internet and cell towers. That is why it is vital that no event and no would-be tyrant can ever take that away from you or any other American.

We are being so overwhelmed while our core American values are being attacked from ever angle, so much so that it is difficult for most people to keep up with the daily encroachments against our liberties. Following are a couple articles from the past year expatiating on how the left are trying to usurp enough power to shut down all Internet communications in the country in the event of loosely defined, subjective "national emergencies". Read the excerpts; then decide for yourself whether you are going to WAIT until they derogate this power before making a backup plan for yourself.

If you want to prepare, select the The Plan link at the top or bottom of this page.

“Bill would give President Emergency Control of the Internet”

“Internet companies and civil liberties groups were alarmed this spring when a U.S. Senate bill proposed handing the White House the power to disconnect private-sector computers from the Internet.


They're not much happier about a revised version that aides to Sen. Jay Rockefeller, a West Virginia Democrat, have spent months drafting behind closed doors. CNET News has obtained a copy of the 55-page draft of S.773 (excerpt), which still appears to permit the president to seize temporary control of private-sector networks during a so-called cybersecurity emergency.

The new version would allow the president to "declare a cybersecurity emergency" relating to "non-governmental" computer networks and do what's necessary to respond to the threat.”
Read more: http://news.cnet.com/8301-13578_3-10320096-38.html#ixzz1JHKaAddv

Obama to be given the right to shut down the internet with 'kill switch'
“President Obama will be given the power to shut down the Internet with a 'kill switch' in a new law being proposed in the US. He would be able to order popular search engines such a Google and Yahoo to suspend access to their websites in times of national emergency.

Other US based Internet service providers as well as broadband providers would also come under his control in times of a 'cybersecurity emergency.' Any company that failed to comply would be subject to huge fines.”
Read more: http://www.dailymail.co.uk/sciencetech/article-1287695/Obama-given-right-shut-internet-kill-switch.html#ixzz1JHLbaqF3

This is old news. This is what the left wants. It is no secret. The fact that this "kill switch" was proposed to be given to the President demonstrates that something is very wrong.  He seeks to do whatever he can to gain such power including circumventing congress by giving such “authority” to the unelected FCC bureaucrats who willingly cooperate with his agenda.

THAT is the reason why The CB Patriot Project was established. CB’s are not dependant upon the advanced technologies of the Internet and cellular phone towers. CB's CAN be used in the event those more recent technologies are removed - even if the ELECTRICAL POWER GRID goes down. CB's utilize the free airwaves and can be run on batteries, including car batteries.

Click Here to proceed to the detailed plan.  I hope that you will join the project.

Sincerely,

Scott Ryan

.

Suppose Obama WAS born in Kenya; then what?

- Scott Ryan

Barack Obama sent top advisor David Plouffe onto ABC's "This Week" to attempt to discredit Donald Trump on the matter of Obama's fight to avoid furnishing an actual birth certificate.





As my friend and scholar I.M. Kane at The Millstone Diaries recently wrote, “Trump knows that he could end up king or kingmaker if he succeeds in exposing the biggest fraud ever perpetuated on the people of the United States.”


I agree 100 percent and would like to add that even if Obama was born in the United States of America, I believe he is –still- the biggest fraud ever perpetrated against the United States by virtue of his conning millions of Dance with the Stars/American Idol consumed droids into believing that he is anything less than a radical communist.


Going back to the disturbing question of The Saboteur’s origins, Trump raises a valid point. It is surreal how he can spend millions of dollars to avoid furnishing this document. Seriously, in ANY CASE, shouldn’t the burden of proof (of origin) be on the person running for the highest position of the most powerful nation in the history of the world? It is beyond Orwellian that tens of millions of people will hand a virtual stranger the key to our entire nuclear arsenal and the most formidable military on the planet without even VERIFYING who the hell he is. That’s a friggin “BEAM ME UP SCOTTY” if I ever heard one and raises the question regarding the existence intelligent life here on this planet, at least in the blue states.

Ask anyone of the droids who voted for him and I GUARANTEE you that 99.9% of them have no idea of the fact that Barack Hussein Obama is America’s first cocaine snorting (or crack smoking) President (by his own surreptitiously published auto-biography), not that most of these degenerates would necessarily care. When I think about it, as the birthplace qualification –has been in our constitution from the beginning and all, is it really that audacious to expect that maybe -whoever- wins a presidential primary should AUTOMATICALLY be required to furnish an ORIGINAL or at least an AUTHENTIC birth certificate? It’s not like we changed our Presidents every quarter for the past 235 years. I think we can make that extra effort.

The fact that “the administration” or should I say “the incessant campaign” sends us guys like that hatchet man on Sunday to make the discrediting rounds on his behalf speaks volumes. This smarmy character David Plouffe reminds me of “Harry Ellis” on the old Die Hard movie (with Bruce Willis). He typifies the type of Chicago style political hack that personifies the Saboteur's administration.




This should be taken seriously. If it should be determined at some point that Obama was born in Kenya and knowingly conspired against the people and the constitution of the United States of America - for all of the legislation promulgated and lawsuits having to be waged that never would have otherwise occurred, he should beyond a shadow of a doubt stand trial for treason.  If convicted, he should suffer the concomitant penalty that always accompanies the crime of treason.

Impeachment would be entirely inadequate for such a crime. And since Obama likes by some stretch to link himself and everything he does to Abraham Lincoln, if convicted, perhaps as a tribute his sentence could be carried out at Fort Mcnair - the site where the penalty of conspiracy was carried out against those convicted as conspirators in President Lincoln’s assassination.

Fort McNair (Lincoln assassination conspirators)

Everything should be conducted by the rule of law and an authentic birth certificate should be subpoenaed.
email: mrarbitrage@tableofwisdom.com

John Boehner Must Go
by Scott Ryan

What I’m hearing all over the news is that the “leaders” of the Democrat Party are claiming victory and the Republican Party “leaders” are claiming victory in last week’s short term budget battle.

The fact is that they are both right. They both won. The only losers in this deal are the American people and the Republic for which we stand.

In the short run it was a great achievement for ambitious politicians who fantasize about their place in history. In the long run it will not matter what they did because the way things are going, someone else, Communist China most likely, will be writing the history books; so posterity will scarcely know who they were.

I hear some of the posers on the right as they attempt to put some lipstick on this pig but the more I ruminate on the matter, the more disgusted I become.

I’m tired of being nice. There’s no time for diplomacy.

$38 Billion is significantly less than the $61 Billion target. This amounts to ONE WEEK'S worth of deficit spending.

We're supposed to cut TRILLIONS in order to save this nation from bankruptcy? That notion would be laughable if it were not so tragic.

It is unlikely these three branches of government will cut a single trillion, much less $6 Trillion when the demagogues come out and accuse them of "politicizing" with every attempt.

The White House predicts that the deficit will hit a record $1.6 trillion this year. Combined with the fact that they couldn't even come close to the diminutive target of $61 billion in cuts tells me that rounds 3, 4, 5 & 6 of "quantitative easing" are coming as the Federal Reserve may soon be the only buyer of US Treasuries left as foreign creditors see that these louses have no capacity to reign in this debt.

In light of recent exposés proving the illicit deception of “Planned Parenthood”, there has NEVER been a more auspicious moment in contemporary history to end the odious practice of FORCING American Taxpayers to pay for infanticide. For what compromise did they settle? They have the nerve to come back to their constituents on Saturday and tell us that their achievement was an agreement from the Democrats that they would have a separate measure upon which they would vote to defund Planned Parenthood, knowing they would lose without the leverage they had in this budget. The supposed “victory” would be in the fact that Democrats would then have to “go on record” as supporting this funding! That is utterly contemptible as it is useless. These people are ALREADY on record as supporting it. In fact, they CAMPAIGN on the very notion.

God has given us the chance to destroy these government subsidized alters to Molech, a chance to make a major surge against the abomination and scourge of this nation. And what did John Boehner do? Boehner had victory right in his site and he froze. If we can't abrogate the public funding of this abortion mill at such a time as this, we might as well pack our bags and head for the bunker.


I cautiously supported John Boehner for the first few months as House Speaker and even empathized when he cried in the November elections. I thought his emotions might have been a culmination of patriotism but now I think they were more like the fermentations of the many politicians who preceded him, more about his own achievements as he alluded to his humble beginnings as a waiter at his family tavern in Ohio. It seems the skepticisms of conservatives have been confirmed and as far as I’m concerned, we would be better served by Mr. Boehner if he were to return to his family tavern in Ohio then to serve one more day as House Speaker.

Once more, just like old times, the public servants have put aside their partisan differences, moved on from their treachery and kicked back in comfort as they enjoy themselves at The Masters golf tournament in Augusta, courtesy of their lobbyist patrons - while we the people are once again left to go back to our daily jobs so that we may “service” these miscreants and hope they afford us enough of the crumbs to feed our families.

We the people worked too damned hard this past year to quell the assaults of Obama, Reed & Pelosi. Aside from maybe Senator Jim DeMint, most of these reps did nothing to get elected that compares with the work of the grassroots, patriotic citizenry. WE are the ones who did all of the work, the real public service to win those elections and to change the status quo. What we have witnessed is the fact that the GOP purging has not yet been completed. What we have seen is evidence that we have NO TIME to allow such pansies to continue for one day. I urge you in the reading of this post to get your congressman on the phone this week and make sure they know that if they do not get Boehner out of the speakership now, they will be gone themselves within the next two years. They elect the House Speaker but they must know that WE in effect elect the House Speaker. We need competence and we need it now. We KNOW who the authentic leaders of this party are. Tell your congressman to back Col. Allen West or someone with his fortitude for House Speaker or be gone.

The only way this government will avoid bankruptcy is if the Senate is taken away from Harry Reid and the GOP achieves a super majority to over-ride the Saboteur's veto. But even then, a super majority would only work if the GOP gives leadership to patriotic men and women who have the guts to stand up to the demagoguery that invariably ensues when the sacrament of abortion funding and the avarice for power is challenged.

Regardless of how brisk US Treasury auctions might have been in the last year, the US Government cannot afford to pay the interest on our debt even with interest rates at historic lows. The current acceleration of inflation will cause a demand for higher interest rates from the market. If the federal government has no choice but to keep interest rates at these levels, soon enough the Federal Reserve might be the only buyer left to finance our own debt as the Treasury faces the possibility of "failed auctions".

A catastrophic selloff in Treasuries will come like a cattle stampede, forcing the government to compete with its own instruments trading in the secondary market at much higher levels. Last years auctions mean nothing. When this happens, last week means nothing. There is no time for etiquette and no time for politicians who come running out of the capitol with their tails between their legs claiming “victory”.

It is time to fulfill Col. Allen West’s request to Nancy Pelosi - and Mr. Boehner, “Give me that Damn gavel”.  It is TIME.  It is time for a real leader in the house who understands that "what we do here echos in eternity".  See this video and absorb a demonstration of what a real leader looks like.



email:  ScottRyan@TableOfWisdom.com

Trump's Refreshing Candor
by Scott Ryan

I'm a long way away from supporting Donald Trump for President but I can honestly say that as of the past few weeks, he may have moved into the second or third position for me.  My friend I.M. Kane at The Millstone Diaries published a nice piece today on Donald Trump’s resolve regarding the dubious origins of the Saboteur in Chief.

When viewed in the aggregate, the circumstances make it seem more far fetched that Obama -isn’t- covering something up.

Consider the bizarre behavior by The Saboteur himself, the media talking points campaign on the subject, the disdainful “birther” designation assigned to those who dare bring up the subject.

Consider his concealment of his own academic records (which very well may reveal something of his origin). Why would he conceal these?

Consider the fact that nobody bothered to VERIFY this CONSTITUTIONAL requirement - of a man who was the LEAST KNOWN Presidential candidate in the history of the nation. That alone is most disturbing of all in my opinion.

What did we know about him?  The few things we DID know about him is that his closest friends and confidants are radical communists and domestic terrorists.  We knew that his Pastor of 20 years is a raving lunatic who hates America and celebrated the 9/11 attacks on this country with the rest of the world's terrorists.

We knew what he strategically proffered to us in his memoirs, which he wrote years before ever accomplishing a damned thing. In an era when marijuana inhalation or a 30 year old DUI was heretofore deemed sufficient grounds to end a political career, he cleverly inoculated himself by casually mentioning his COCAINE "experimentation" in one of his books, years in advance, to give his lap-dogs in the media an excuse not to even mention it.

They never even bothered to ask him what type of cocaine he used (crack or the snorting variety?). They never asked him to define “experimenting” i.e. how many times or for how many years did he “experiment”? When was the last time? Journalist to this day, amazingly, have never even found it NOTEWORTHY that we elected America’s FIRST cocaine snorting or crack smoking President.

So should one be considered “fringe” because he or she wouldn’t be surprised if this deluded nation would allow such a monumental fraud to take place in electing this man President without asking for a birth certificate? Should we be surprised that an orgasmic media too busy fawning over him would let such a basic requirement go unchecked or even questioned? They had time to probe him about his genetic relation to Brad Pitt, which is so far down the DNA chain that the same standards show us all to be cousins of Brad Pitt, Sir Laurence Olivier or anyone else you so choose.

Trump is doing the nation a great service. I enjoyed his interview on Bill O’Reilly’s show Wednesday night but even better was his monologue on Fox & Friends the day before, probably because the pompous O’Reilly wasn’t there to interrupt Trump’s compelling train of reasoning.
Check out the interview on Fox & Friends:

The Democrat's idea of Hope, Change and a New Kind of Politics
by Scott Ryan

The Democrat unions have given us a clear view of what defines them.  All any sensible person needs to see is the video of these protestors to rightly conclude they are savages. Their behavior speaks volumes. There are jobless people hurting all over the country and these cretins are acting like their plight is that of early 20th century Russian peasants because they may have to pay a small percentage of their health benefits instead of the tax payer paying all of it.


They represent the lowest common denominator society has to offer and they deserve to lose their jobs and I frankly wish they would. It is mortifying to think that some people bus their beloved children off to be violated by people like this every day.

This and of course the recent death threats now being served to the Governor and legislators really buttresses the notion that the governors are not going far enough. This is concrete proof that the state legislators should just abolish the public schools, a primitive vehicle of education, the abolition of which is long overdue.  Then we can leave the teachers union alone as they negotiate all they want for jobs at schools that no longer exist. Let the good teachers get jobs at private schools of all kinds.
Following is a video I found on YouTube narrated by a young lady who did a fine job explaining her personal experience at the Wisconsin capital. It’s titled “Classy moments from the union rally”, not exactly broadcast quality but it is quite amusing; so I would recommend taking the time to view this piece.

I do not specialize in book reviews but as I'm about to read this one again, I'm posting this one I wrote on a fabulous book in case anyone is looking for their next great read:

General and Madame de Lafayette: Partners in Liberty's Cause in the American and French Revolutions by Jason Lane


My rating: 5 of 5 stars


This is an outstanding book. I devoured it about 3-4 years ago and plan to read it again soon. It gives valuable insight into some of our founding fathers (from a different vantage point) and on the French Revolution. Lafayette is one of the great heroes of the American Revolution.



Unlike many of his time, he was on the RIGHT side of history in both causes like Adams and Hamilton.


There is a good reason why America has more towns, counties, streets, schools and battleships named after Lafayette then anyone in American history. In light of the strand of “revolutions” taking place in the middle-east - not- founded on the principles that made the American Revolution the most successful in history, it would serve this generation well to get to know WHY that is.


This book juxtaposes the two revolutions and sheds valuable insight on what went wrong in a revolution minded society hostile to the notion of accountability to God. As murderous and bloody as it was, they had admirable intentions. It is a horrid thought of what will happen in a revolution run by mobs of people whose one common, fundamental belief is rooted in that of a “prophet” who built the entire religion on murder, rape and plunder, instructing that all MEN who refuse to convert to their religion should me murdered - and women and children castrated then enslaved. (See Africa and what is coming in Europe).




View all my reviews

A "(Self-anointed) King's Speech" that will not be confused with the Oscar Nominee
by Scott Ryan

For the past couple weeks the media pundits have speculated ad nauseum about what the president’s State of The Union Speech would “mean” and how it would affect his poll numbers and future prospects.

I think last night’s speech was important because it made a lot of Americans realize, that the proverbial emperor has no clothes. This is the guy to whom exploited school children were forced to sing a song based upon the classic “Jesus loves the little Children” – which supplanted Jesus with praises of Obama and how he was “going to save us”.  This - is that same guy?

(I wouldn’t make this up. This is so disturbing to anyone with even a morsel of sense that it is hard to believe this wasn’t created as a burlesque of some fictitious character like Damien from “The Omen”. And it is one hell of an omen all-right. Look, it even has a picture of the Obama “O” behind the children, painted in a strangely disturbing manner. This painting is reminiscent of something you would expect to see on the side of a dilapidated building in Zimbabwe, paying tribute to the latest 3rd world dictator. I guess that was done to make him feel right at home during the campaign. To those scratching their heads about my choice of titles for this column, there is the REASON for my tie-in with the popular film "The King's Speech".  I have often said this guy may be our own personal “Last King of Scotland”.  Maybe there is something to that notion.)  See the video of exploited Obama singers:



And to make matters worse, he keeps haranguing us about how WE need to tone down the heated rhetoric. Heated rhetoric a.k.a. “hate” is of course defined by Obama and his media lap dogs as any speech that questions his agenda.

But let’s try not to forget that just a couple weeks before he made his speech in Tucson calling for a "new civility" - he had just made history by calling Republicans who oppose his Marxist health debacle - terrorist "hijackers". He verbally elaborated on the comparison; so there can be no explaining away his intent.

His intent is quite clear. It is to open old wounds, create new ones and incite as much dissension as possible while positioning himself as the righteous one in the face of anachy he is hell bent upon instigating.

Watch this trailer (based on a true story) and see if you detect similarities between the
1. communicative tactics   2. delusions 3. possible outcomes with narcissistic tyrants who do not get what they want:

.

January 12, 2011

Obama attempts to position himself as the second coming of Lincoln
by Scott Ryan

After witnessing the effrontery of Barack Obama against the states and our constitution, it is apparent this man has come here for the sole purpose of fomenting a civil war. From day one of his campaign he has made efforts to position himself as a parallel to Lincoln. From his campaign announcement in front of the Illinois state capitol where Lincoln served (with a Lincoln banner behind him), to his announcement of Biden as his running mate (in front of a Lincoln banner), from his quoting of Lincoln (in specious contexts) to his insistence upon swearing in on the same Bible upon which Lincoln was sworn in and even having the exact same MENUE as Lincoln’s inauguration.

The problem is that this man, if anything, is the Anti-Lincoln. Lincoln dogged Senator Douglas all over the state of Illinois, challenging Douglas to debate the KEY ISSUE upon which his REPUBLICAN Party was literally founded. That issue was the central question of whether a human being can rightfully be the PROPERTY of another human being. The central belief to the contrary is rooted in the same moral absolute that our Declaration of Independence invokes, which is that life and our inalienable rights are granted by God and no human tribunal has the right to encroach upon that of another. The same pillar that demanded the abolition of slavery is central to the Republican Party’s platform on abortion. Claiming the authority to abrogate this right for one group of human beings over another is to blasphemously make oneself out to be that one and only God Himself.

It wasn’t a coincidence that Barack Hussein Obama went of his way to try to link himself to Lincoln. His campaign was the most carefully produced and contrived of any in history by producers from Hollywood to indoctrinated school children singing songs of devotion as though right out of the handbook of the most notorious communist dictators in history. To view such exploitation of children is enough to make any decent person sick to their stomach.


So he worked diligently to position himself a Lincoln-esque messiah over the years while crafting the division, pitting Americans against one another at every opportunity. He attacks every sacred value that made America what it is. He defends a Muslim terrorist who murdered soldiers at Fort Hood. He defends the terrorists who want to build a mosque over-looking the area of the Twin Towers. He goes on a tour bowing to foreign dictators. He tells the Islamic world that America is NOT a Christian nation. He does everything he possibly can to bankrupt our country with Marxist programs like his healthcare and nationalization schemes. And most recently, to exploit the latest tragedy, he moved to have Internet IDs for every American through the U.S. Commerce Department.

He picks at wounds and provokes states into a slew of law suits as he forces anarchy within border-states, refusing to enforce the federal laws that encapsulate the very charter of the federal government itself.  Then he attacks such states for trying to enforce the federal laws that he encourages to be violated. Last, he works to sow discord in the US Military by working tirelessly to promote homosexuality within the ranks, giving commendation for sodomy and equating the “plight” of those enslaved to this perversion to that of the African slave who was afforded no autonomy over his or her destiny.

For such an imposter to attempt to equate himself to Abraham Lincoln is not a far cry from a metaphorical “abomination of desolation” (Rev 13).

If you read the New York Times from the years leading up to 1861, you will see the ferments surrounding the issue of slavery and state’s rights were very similar to those now. It it is only a matter of time before we see some kind of catalyst, some modern equivalent to our own modern day Harper’s Ferry. I envisioned that it would be an event that would transpire at any mosque built at the former site of the World Trade Center, as Americans will not likely tolerate such an egregious affront to their sensibilities and especially to the memory of those beloved who were murdered on September 11, 2001.

Whatever it may turn out to be, it is obvious that the bizarre circumstances in which this virtually unknown man came into power is so improbable given his lack of experience, recognition, Marxist and hateful mentors and colleagues. On top of all that, the fact that he shares the same name as the notorious rogue dictator we just removed and a world tribunal just executed makes it all the more surreal. I have previously written years ago that the improbability of all of this happening is so high that it demonstrates the fact that this can be nothing less than spiritual.

He is much like Leland Gaunt of the film Needful Things. The charming Gaunt, a man the community knows nothing about comes to the small town of “Castlerock” and opens a store. He has something for everyone. The price is of course corruption and chaos and it leads to the people to unspeakable violence. This man caters to, to turn around the phrase used by Lincoln, the FALLEN angels of our nature.

Watch the trailers for the film and tell me if you don’t see a parallel:


Nevertheless, all this combined with the chaos to come when select leftist states like California and New York go bankrupt as the new congress refuses them the bailouts to which tehy fancy temselves entitled, mark my words; the state in which you live and the rectitude of the legislature and Governor thereof is going to soon be more important than any time in modern history.For this reason, based upon recent elections, I’m glad to be in Florida.

UPDATE:
January 17, 2011


Obama Historians keep the Lincoln comparison's coming
by Scott RyanOn the night of Barack Obama’s rally in Tucson, I wrote a column (below) titled “Obama attempts to position himself as the second coming of Lincoln”. The very next day a columnist at Bigthink.com wrote a piece titled “Is Obama Lincoln?” in which she cited “historian” Gary Willis who has made several preposterous comparisons between the two presidents.

At The NY Review of Books, Willis propounded the notion that Obama and Lincoln both had to distance themselves from “embarrassing associations”. Willis apparently sees uncanny similarity between the two because Lincoln (being anti-slavery) had to distance himself from the crazy John Brown; while Obama had to distance himself from Reverend Jeremiah Wright!

Think about this. Obama sat with his family - in that lunatic’s “church” for 20 years, while becoming part of Wright’s inner-circle and we are supposed to see similarity between that appalling fact and Lincoln having a morsel of common ground with John Brown simply because Brown too was against slavery.

That makes as much sense as tying him to say, Ted Bundy, because they both loved Lasagna. This guy appears to have a serious problem with correlations. But that is what the left do so skillfully. They artfully tie innocent people who stand in the way of their leftist agenda - to evil or ignoble people with whom they themselves have far more in common.

It is pure melodrama to make such a comparison and substantially detracts from any credibility the author might have once maintained.

When one looks at the morality of Abraham Lincoln, the two could not be more diametrically opposed (which I elucidate in my previous column).

Unlike Obama, Lincoln didn’t enter office already ruling over a global cult of personality.

There were no Hollywood productions, no sycophant media devotees proclaiming orgasmic sensations from the sound of his voice.

Lincoln had no Child Indoctrination Coordinator producing music videos featuring exploited children singing hymns of how Obama is going to change the world. Lincoln wasn’t ushered in by an Oprah Winfrey of that day on a rock concert stage with Greek columns and alter.

Lincoln made some good impressions on select people but he narrowly won the presidency as a third party candidate and his victory was highly improbable.Most importantly - Lincoln didn’t –want- civil war and tried to avoid it at all costs. Barack Obama has done essentially nothing except make speeches and attempt to –incite- disunion so that delusional acolytes can make absurd comparisons to himself and great men like Lincoln.

The Future Lead Dog of the Axis of Evil
by Scott Ryan

Not too many "experts" are going to be willing to go as far as I with that title but they will come around in a few years.  The rogue islamic nations of the world have a friend in China (and Russia) but that's another column.  First they have some triumphs they must achieve in the financial world and they are well on course to that end.  A commercial was featured today on Special Report with Bret Baier that was amazingly similar in substance to the opening of a column I wrote in February of 2010. The commercial was well produced and was exactly the scenario I had in mind; so I am featuring it here at TableOfWisdom followed by the original column.  Much of what was written is unfortunately coming to fruition, especially in light of an enormously significant story reported just a few days ago.

The head of the Shanghai Gold Exchange told a conference there that Chinese imports of gold for 2010 through October were 209.7 tonnes, compared to 45 tonnes for the whole of 2009. This is a bombshell…” –Marketwatch.com


The commercial begins in a futuristic classroom in Beijing, China and the teacher is lecturing on the topic “Why do great nations fail?” The commercial speaks for itself so without further ado…


My column from last February begins with that very premise and continues the lecture that the commercial did not have time to elucidate. So without further ado, let’s take a trip back to February, 2010:

The Most Deadly Platitude of the 21st Century
by MrArbitrage
Independent, time-stamped source http://ragingdebate.com/economy/the-most-deadly-platitude-of-the-21st-century-1 (originally featured at TableofWisdom.com)

"While watching Special Report on Fox News this evening I heard panelist Charles Krauthammer make a naïve, yet common statement regarding our strategic position with China.

In regard to the China situation, there exists a false sense of leverage and invincibility by Americans that is very dangerous and I feel it is worthy of a column. I like to view each day through the lens of history. I’m not talking about the obvious need to look to -past –history. I like to look at us –today- through the perspective of future generations sitting in their classrooms, talking about the obvious warning signs that led to the destruction of the United States of America (the way we used to do with Rome) and what could have been done had the people not fallen asleep, become too preoccupied with themselves and used some common sense. We need to soberly view it this way in order to avoid having it become a reality.

What we are seeing happen with the US and China is a subject about which I have been warning since we granted China “Most Favored Nation Status” and “Permanent Normal Trading Relations” This is the type of ineptitude and short sightedness the federal government has in recent years been providing and it arguably leads to most of our self-induced national crises.

Charles Krauthammer mitigated the severity of the situation by making the statement so often used as a rationalization for gambling with our national security (all so some corporations could make a few quick bucks to keep up with the rigorous demands of shareholders). Remember the story of Noah? All the people ridiculed and mocked him for building this great boat, especially when they had never seen rain. As the rain finally started coming down, they were still laughing a bit - but suddenly there was a bit of uneasiness in their voices. That reminds me of how the “national conversation” seems to be going these days. Their disdainful cry of “protectionist” and “isolationist” seem to be slightly abating as they grudgingly cover the obvious signs that something isn’t quite right with their "friend".

Krauthammer was talking about how China is making demands to the United States. (One is that Obama is not to visit the Dalai Lama but there have been many recent tensions with China that will escalate.) He said spoke about the possibility of the Chinese dumping dollars as a reprimand for our approval of new arms sales to Taiwan. His critical mistake is the same assumption that he and all of our reckless policy makers have long made while undermining our sovereignty to this rabid dog. He thinks that the Chinese are just flexing their muscle but they will not follow through because as he stated “they are as dependent on us as we are upon them”.

As I use my technique of viewing today through the eyes of a future history class on Fallen Nations and Empires, I see that specific statement as the most deadly platitude of the 21st century. The lethal assumption is that if China continues to sell down the dollar and dump their treasuries - since they have such enormous exposure to treasuries - they would be hurting themselves as much as they would be hurting us. Concluding that “they would never do it” based upon that notion is a terrible miscalculation by people who do not know or understand their enemy. Make no mistake, communism –is- our enemy.

Not only do they underestimate the barbarism of their communist enemy (whom many of these incompetents deem to be our “friends” or “partners”), they also show a lack of understanding of economics and hedging strategies.

Two KEY POINTS of gross negligence:

1. They underestimate the barbarism of our adversary as they are thinking from the perspective of traditional American leaders, with American values. Americans love freedom and get to elect our government. We used to elect people to represent us who rejected communism and its religion atheism. Therefore, our representatives had to represent our values and to some degree, although much less these days, we elected people who shared the values in our Declaration that we are created equal and that we had inalienable RIGHTS, which came from our Creator. God fearing representatives were extensions of ourselves, therefore, they would abhor the brutal tactics necessary to implement communism and would make policy decisions that would not hurt the people who put them there. They sometimes fell short but most would not deliberately hurt their constituents.

Communists don’t have constituents and their people do not have guns. Communists come to power by doing horrible things to people against their will. They do not care about their slaves, nor do they have to. Their god Friedrich Nietzsche taught them that the people exist for the purpose of functioning as a scaffold, to prop up the superior (themselves). When man is reduced to these terms, the maniacs in charge will do anything to them that they see fit. Just in 1996, before we propped them up, the Chinese were so desperate - a congressional report notified us that China was then selling the organs of their dissident prisoners on the black market – so they could finance the red army! That’s not very compassionate.

2. A “death blow” to the United States will not have the same effect on them as our naïve policy makers have long maintained because China has been positioning itself with appropriate –HEDGES- that will skyrocket upon the death of the dollar and the US credit rating. In fact, the more they lose on their sizable treasury investment, the more they will make in their gold and other commodity investments. Who do you think has been buying them up over the past year? China (and India) see what is coming.

China played this thing brilliantly. They have been sucking foreign dupe money by the trillions to do what their own economic system could NOT do without suckers like us. Without us, their regimes would implode like the Soviet regime. They were smart to con us by dangling a billion potential customers to green corporate executives who would in turn hire lobbyists to sell out our national security and sovereignty in order to keep the requisite EPS growth.

Do you really think they are worried about hurting a few of “their people” by dealing a death blow to the United States? They think it would be only temporary because after all, communists always maintain that “it didn’t work last time because it wasn’t done right.” They believe that once they take down the USA, the utopian fantasy will finally work.

Chinese companies have “gone western” temporarily loosening the reigns to suck capital to finance red army so the regime can nationalize them later, or at least take 70% of their cash flow if they have any. Why not? The west is full of suckers who think regime changed and communism is now good.

They will export enough fuzzy math to keep their Ponzi going long enough for them to rebuild the Red Army from foreign investment. If they have no compunction about selling you toys with poison paint for your toddlers and toxic drywall, just think about their accounting standards.

This willful ignorance about the evil of this communist regime is a disgrace that will long stain our country and may ultimately lead to our financial demise.

What we are seeing in our policy toward China, giving MFN and permanent normal trading relations status to these barbarians is just a glaring history lesson in the making. The only problem is that the only thing we learn from history is that we –never- learn from history.

In each bubble after the tech bubble of the 90’s we say to ourselves “How did we not LEARN from the last bubble. How did we miss the signs?” During those bubbles I gave advance warning (see http://www.tableofwisdom.com/p/my-track-record.html ) as there were obvious warning signs preceding the debacles. For example, during the real estate bubble it was obvious that credit was far too loose. People were getting mortgages without income verification or even JOBS for that matter.

When hearing these ridiculous stories about anyone and everyone being able to get mortgages – even several mortgages – people should have asked themselves the question of “what happened to generally accepted underwriting standards?” and “if it is this easy to create prosperity for all, why haven’t banks been doing this for decades?” It kind of begs the question doesn’t it? Did people really think that today’s underwriters by lending hundreds of thousands of dollars to anyone with a pulse had discovered something that never occurred to the bankers of centuries past?

What was amazing was how we went from the strict underwriting principles to virtually zero underwriting principles in such a short time period. It happens because people have a propensity to get caught up in their emotions and their greed regardless of how educated or supposedly “sophisticated” they may be. There is something about the madness of crowds that gives people a false sense of security as long as the majority opinion is on their side – and it makes them do astoundingly destructive things, over and over and over again.

I have been harping on this China foolishness for years, going back to Clinton, Bush through Obama. I have enlarged upon all of the reasons why getting in bed with a Communist country is a bad idea and somewhat analogous to a legitimate accountant knowingly taking a mafia Don as a client. It is short-sighted and will likely end badly, even deadly.

Just as the coming real estate/banking debacle should have been obvious through the glaring abandonment of basic, historical underwriting standards, so too should the coming China debacle be obvious by anyone who remembers the caution exercised by previous generations toward communists.

I am 39 years old but I clearly remember the days when the leaders of most multinational corporations would not invest serious capital in communist countries like China because before the changing of the guard in corporate America, people like my grandfather understood the risks of committing serious money to building infrastructure within a country run by a communist dictatorship. Executives at US corporations today have severely breached their fiduciary responsibility to shareholders by risking billions of dollars of shareholder equity into a precarious situation like China.

These irresponsible corporate and governmental “leaders” have just like the bankers, fallen for the irresistible temptation of quick and easy riches without thought or regard to the potential consequences should we at some time find ourselves in a hostile relationship with China.

Ask yourself the question WHY. WHY would China still want to suppress citizens from being able to “Google” PRO-DEMOCRACY materials? What are they afraid of? Haven’t we changed the worldview of the Communist regime now that we have “traded them into prosperity”? That’s what our elected swindlers told us would happen if we gave the MFN and Permanent Normal Trading Relationship. Of course my tongue is firmly ensconced in my cheek. Communist dictators don’t change because you inject capital into their financially desperate government in the name of “growth”. Subsequently, if it works so well, why haven’t we been “trading Cuba into prosperity”? I smell a treasonous rat."

There are many pundits finally beginning see what is coming.  You can listen to Republicans like Krauthammer and Rove who advocate compromise with the left until the wall come crashing down before they sound the alarms or you can  read TableOfWisdom.com and get the warnings 10 years before the rest:

Sample: August 30, 2001, written the following WARNING regarding our China trade policy - http://boards.fool.com/message.asp?source=isesitlnk0000001&mid=17251493&mrr=0.50

"It's only COMMON SENSE that trading with communist regimes – LIKE CHINA, will mostly STRENGTHEN the COMMUNIST REGIME. There is indeed a REASON why they call it COMMUNISM! In the Communist system, MOST of the money is directly or indirectly TAKEN from the people.  We can trade all we want with the cronies in China, but all it's going to do is further finance China's evil agenda. China in my book is the "lead dog" on the “axis of evil”. Not only is “free trade” going to finance communism, we are also going to give them leverage that will eventually put us at their mercy. The reason is because American businesses, which now covet that potential market, in the aggregate are going to have to increase capacity by investing trillions of dollars to be able to meet the enormous demand of a billion people. Once they have the capacity, our economy will be at their mercy. China can hold that trade over our heads to get what they want because if they were to cut us off, the loss of earnings, which will be necessary to offset the prodigious investment, would be DEVESTATING to our stock market, our jobs and our overall economy.Trade with China is nothing more than fool's gold. This is one case where big business truly does have the majority of our politicos in their pockets. I believe that placating China with MFN and Permanent Normal Trading Status in my belief is the most egregious blunder of our times.I am a Conservative before I am a Republican and because of that important distinction I must bring attention to a gross contradiction made by our President yesterday. I write this not out of acrimony toward President Bush, for whom I voted in 2000. I write this because it is my prayer that he will come to recognize the hypocrisy of his statement regarding trade with Cuba when compared with China.If it were something petty, I wouldn't bother to write this; however..."

&  

"...I must say that we don't give away our liberty overnight; things go bad incrementally. I think China is laughing at us behind our backs. Go ahead and say I'm crazy now but let me go on record here and say that free trade with China, no matter how good they make it sound is a Trogan horse (on their part) and very specious."  - 8/30/2001 (days before our world and our beloved nation forever changed).


http://boards.fool.com/message.asp?source=isesitlnk0000001&mid=15660634&mrr=0.10
(time-stamped, 3rd party links)

November 3, 2010

Cal & Nevada: The New Soddom & Gomorrah
by Scott Ryan

The November 2nd election was a tremendous victory for -most- of the country and in some ways it was quite REVEALING. The whole nation basically, except for two states, rejected the predator that was momentarily embraced by our unsuspecting children. The old adage that "history repeats itself" has been verified in many ways and what we saw last night is a clear identification by two states with ancient Sodom and Gomorrah. California is the capital of pornography and Vegas BOASTS in its national ad campaigns that it is a place to come and commit every abomination without any consequence.

It is going to be fascinating to watch California go bankrupt, state pensions and all. I say “fascinating” because yesterday’s AMERICAN victory means California will NOT get the federal bailout to which they feel entitled. The only thing the depraved voters of California proved yesterday is their stiff-necked obstinance.

As far as I’m concerned we can give them to Mexico and build a fence around them because that state is like arsenic to our nation. Let Mexico take Spielberg, Katzenberg, Reiner, Weinstein and the rest of the Hollywood “elite” along with their money. Sometimes you have to amputate to save a life.

To the decent Americans there in Cal and Nevada whose votes are constantly being canceled out, sell your possessions, flee Sodom and come to South Florida. We are a red state and yesterday became even better. About 10 years ago our legislature voted to name our state’s - turnpike - after the last great man to come from California, Ronald Wilson Reagan. Our exorcism was successful last night with the victory of Allen West over Ron Klein and we got rid of that embarrassment of a human being with the jet black dyed hair-plugs Alan Grayson.

I'm targeting Judeo/Christian conservatives. Why would a lefty want to leave Sodom?

Conservatives come here and we can live like civilized, decent, God fearing people and with "conservatives" gone, you people in the land of fruits & nuts can all legalize pot, heroine, crack and whatever else suits you.

Together we can make our red state the greatest in the union. You WILL NOT want to be in California as the state dies by suicide. It’s going to get ugly, very ugly when those pensions go bust and they start defaulting on their muni coupons. If your tent is pitched there, you better watch out.


Contact Scott Ryan at mrarbitrage@tableofwisdom.com

November 2, 2010

To expect less than Rampant fraud from this Party of degenerates would be grossly Naive
by Scott Ryan

The media are saying now that the elections are underway, “it is already shaping up to be a long night.” – MarketWatch.com

What that means is that Democrats will demand recounts until they manufacture enough votes to take away a victory.

These are people devoid of a single morsel of ethics.  As in the case with that out right imposter Al Franken, they will take this country to civil war in order to steal power.

They have no remorse. They have no love for liberty. These people are power hungry, miserable narcissists who will gladly take down this country as they despise our very foundations.

I fully expect the Demagogue party to lie, cheat and steal as those traits are a confluence that points to their definition of virtue.

If you can get passed the stale platitudes that have been perpetuated for decades by the wealthy swindlers like John Edwards about the “have’s and the have-nots” it is as lucid and simple for anyone capable of discernment.

The left are against the notion that people should be allowed to work as hard as they want and to earn as much as they want by the sweat of their brow without being demonized and plundered by the rapacity of elected parasites who foment discord toward those who do not and cater to the base instincts of envy and slothfulness.

The Democrat Party is a party that holds firm to the dogma that human beings can be the property of other human beings. It is the crux of their sacrament of abortion which contends that baby is the –property- of the women in whom it resides. It was the same fallacious notion that perpetuated slavery and their twisted logic will naturally lead to euthanizing the infirm and the elderly as they come out on the short end of the Obama regime's new mathmatical equation.

All of their egregious policies stem from one disgraceful agenda and that is to feed on the discontent of those who made bad choices whether you’re talking about pitting people against those who prosper or creating “victims” out of those who were sexually promiscuous in the way long encouraged by the liberals who indoctrinate the masses through pop culture. The same group that enriches themselves while debauching the morals of our youth in Hollywood is the same Democrat Party that whispers “victim-hood” like the serpent to their impressionable ears.

Anyone with even a modicum of moral decency and intellectual honesty remaining must see that this party, the party of Planned Parenthood which destroys millions of innocent lives every year, the party of ravenous trial lawyers like John Edwards, the party of the ACLU that makes every attempt to destroy the free-exercise of the Christian religion, the party that of the militant homosexual agenda that is aggressively seeking to force acceptance of homosexual marriage and is fighting to FORCE churches to hire homosexual leaders and pastors and will charge your clergy with hate crimes if they resist, the party that is sowing chaos in our military to force open acceptance of sodomy and will discharge honorable and righteous officers for not giving approbation to sodomy, the party of a tyrannical, anti-American President who openly calls those patriotic Americans who dare disagree with him –"ENEMIES"- a term he won’t even use to describe Hamas or Al Qaeda.

If you are blithely guided by the notion that this is your father or grandfather’s Democrat Party of the past and are obstinately pulling that Democrat lever, you cannot separate yourself from the aforementioned agenda and you will some day have to give account for the destruction and immorality you have brought upon this nation.

To update a statement by Samuel Adams for the present ferments, ‘If ye love ENTITLEMENTS greater than liberty, the tranquility of IGNORANCE greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; May your chains set lightly upon you, and may posterity forget that ye were our countrymen."

To expect less than Rampant fraud from this Party of degenerates would be grossly Naive but this time, unlike in Al Franke's election, we will not yield to their jihad against our Faith, our constitution and our sacred honor.  Choose you this day whom ye will Serve.   

Contact Scott Ryan: mrarbitrage@tableofwisdom.com

October 30, 2010

The Economic Jesters say we should Spend MORE to create Jobs
by Scott Ryan

Marketwatch.com featured a column on Friday titled "How Washington could create jobs". It was full of the usual Keynesian nonsense and of course advanced the preposterous notion that “ECONOMISTS SAY there could be room for more jobs programs if lawmakers allow cuts to be made elsewhere…”


“ECONOMISTS SAY"???

Why should we care what “economists” say? We should try using our own common sense for a "change". These useless economists said the last so called stimulus would save us. They had economists telling us how Husse-Pelosi-Reedcare was going to save us and balance the budget.

These economists are like jesters in the kings court and the king is a 3rd world would-be tyrant.

Wouldn’t it be nice if these elected scoundrels stopped pretending that our founding fathers created the federal government to “create jobs”?

Anyone can create jobs. You can go outside and burn down a building or blow up a car and create jobs. Al Qaeda creates jobs all the time.

Obviously, those jobs are not the good kind of jobs, nor are the government jobs.

If they stop usurping and doing things the federal government was not chartered to do, if they stop being an albatross on the American people, jobs will be created by the people, not the parasites.

Is it coincidence that in this nation, with all of the hundreds of billions spent on education, the scoundrels make no attempt to implement financial education into the public school curriculum? If people understood finance they wouldn’t vote for their own plunder.

I didn’t intend that to be construed as a call for public education spending. I just wanted to point out how odd it is that for all the money they spend, it’s interesting how they don’t want any to go toward financial education.

Since the 90’s I have been emphasizing the fact that we no longer need public schools. Public schools are a failure and should only exist if they can compete with private schools on quality and cost. People should have absolute school choice and not be coerced pay for public schools. They are more like juvenile detention centers.

These parasites capitalize on ignorance. They depend on it. They thrive on it. Ignorance has helped to make the U.S. Government into the largest employer in the United States. That is egregious.

America isn’t the government. America is its constitution and its citizens. Wake up my fellow citizens; the so-called “financial reform bill” was named Dodd-Frank, after the two biggest perpetrators of financial fraud in the history of government for God’s sake.

Throw these thieves out. It is literally now or never.

Contact Scott Ryan at mrarbitrage@tableofwisdom.com

Juan Williams got what he deserved
by Scott Ryan

Yes, Juan Williams got canned by NPR.  Yes it was outrageous and unjust.


My take is going to be short and sweet.


It is poetic justice to see a liberal, who has spent his life fighting to inflict left winged idiocy on the REST OF US - it is JUSTICE to see the same idiocy used against him.


I'm not going to follow the easy path of expressing sympathy for this guy as they are doing on Fox, which awarded Williams with an undeserved, $2 million dollar reward . I'm not subscribing to the prosaic "he may be a liberal but he's our liberal" nonsense.  

Yes IT WAS UNJUST and ludicrous what NPR did to Juan.  But Juan has devoted his life to the cause of putting the screws to US and he needs to get a good taste of what he's been cooking all these years. 

Until Juan does a 180 and renounces his party and his life's work, what Juan has been insisting is good for the gander, should be good for the goose.  Taste it, like it or RENOUNCE it - because this is the defining example of irrational, illogical, pc leftism.  

That sympathetic narrative is too trite for me to digest. He doesn’t -deserve- to be rewarded with a BETTER contract simply because he was victimized by the EXACT ideology he has devoted his career to spreading.That ideology has virtually destroyed this country. No, I REFUSE to embrace this intellectual banality the way they are trying to play it. That’s about RATINGS for Fox and is not the argument, the approach nor the train of reasoning that best serves this country. The enemy of my enemy is –still- my enemy when both factions represent Marxism.


To elevate Williams is an injustice because most of - US- don’t get to reap REWARDS for damaging the country.  Yes, defund NPR.  I've been saying that for decades.  That doesn't mean Juan should be given a larger platform to spread his errors.

“Juan brings “balance” to the debate”??? Well, excuse me but I believe what we call “conservative” is TRUTH. I do not believe that peppering truth with moderate dosages of idiocy represents “balance”. Why in the HELL do we feel it obligatory to “balance” TRUTH with lies???



If we actually BELIEVE these self evident truths, how could we dare contend that diluting it with error represents BALANCE?


Mark my words, this same group of pundits force feeding this crap to us tonight are the same people who are going to be cramming Mitt Romney down our throats in 2012 while they distort and villify the reputations of those who oppose that contemptible RINO just as Fox did in 2008.


Scott Ryan
Contact: mrarbitrage@tableofwisdom.com

There's Only One Architect Conservatives Trust (and it isn't Karl Rove)

I remember when I moved to Palm Beach County, Florida back in 1996. I soon started attending REC meetings (Republican Executive Committee of PB County) and got involved in politics later by hosting talk radio.

It didn’t take me a long time to get to know about our popular star Congressman Mark Foley. I soon discovered that his proclivities were widely rumored among Republicans within the party. Despite them knowing about his character flaws and despite his clear support for abortion, he received overwhelming support from the party establishment because “ that seat was too important to risk by replacing a sure thing”.

This was an egregious compromise and a textbook example of what brought down our party. It was this mentality that permeated our party, our willingness to support candidates who directly defied the very principles upon which the Republican Party was founded just so we could “win” a majority that proved to be useless. We ended up with a severely diluted majority that was more concerned with appeasing Democrats and winning the approval of a liberal media that would never be placated in the first place.

These liberal “Republicans” would work tirelessly to subvert any attempt for our so-called majority to implement the slightest morsel of a conservative agenda - often led by Senator John McCain in instances like the infamous “gang of 14” - .

We of course lost our majority in the House and Senate largely due to the very compromise embodied in Mark Foley as his escapades were unveiled before the world two weeks before a national election. We had every chance to replace this guy long before that election but the party establishment in all their sagacity found him to be quite palatable to their strategy.

Did we learn our lesson from Foley?

Even now we are at a place where we have so-called Republicans doing everything they can to undermine our much needed cleansing by opposing a conservative senatorial candidate in Delaware while supporting a liberal “Republican” senatorial candidate instead.
So against all odds she annihilated the establishment candidate in the primary to the chagrin of Karl Rove and other party leaders so what did they do? They initially came out and stated that they were not going to support her in the general election!



This is the problem. These people have little to no faith and if we were to listen to them we would go right back to Egypt (metaphorically speaking) despite the miracles we have thus far seen. We would continue right on with trillion dollar bailouts of banks, autos and unions with or without a Republican majority if we were to win it back with a collection of compromisers like we have heretofore had.

These people are like the man who dogged Moses every step of the way after all of the clear evidence that God was delivering them out of the slavery of the Pharaoh. “At least we had three square meals when we were slaves in Egypt; better to be a slave in Egypt than to die in the wilderness” they would NO DOUBT say.

Despite Arizona’s appalling contribution to the senatorial pool, we CAN take back this country from the America loathing liberals. We must and we WILL if as Abraham Lincoln said we labor to be on God’s side. The party establishment along with the left may mock this very notion of a sovereign God who appoints the kings of the Earth but we the people must humble ourselves, pray and turn from our wicked ways.

Those who think that THEY must win this battle by their own might and their political prowess must not be heeded. They must take a back seat as we ask God to go BEFORE us.

That reminds me of a study in which I have participated that points out that since God is the greatest good, He sets out to work all things for His own glory; if we seek to find freedom for our own glory, we are at cross-purposes with God. He will not share His glory with another (Isaiah 48:11). 11 For my own sake, for my own sake, I do this. How can I let myself be defamed? I will not yield my glory to another.

It is not the genius of any “architect” that will win this war for our freedom. Remember, it was under the administration of the “architect” that the bailouts and cries for “amnesty” began.
As the aforementioned study elucidated, the proper motive (seeking God's glory) will ensure our success. God Himself comes to our aid, so that He will be glorified.
“Not unto us, O LORD, not unto us,But to Your name give glory,Because of Your mercy,Because of Your truth.” Psalm 115:1

And the LORD said to Gideon, 'The people who are with you are too many for Me to give the Midianites into their hands, lest Israel claim glory for itself against Me, saying, 'My own hand has saved me.'" Judges 7:2

Perhaps THAT is why we have been temporarily given over to the hands of the enemy. For the past decade we were trying to win the battle by our own might. As the latter scripture verse indicates, God actually planned to lead His people to victory but he told Gideon to reduce the size of their army. It was too BIG! He wanted them to KNOW that it was -He- who would go before them and give them the victory.

By compromising our integrity and strategically nominating people who were against our very purposes, we were becoming the very thing we superficially opposed. I thank God for the new leaders whom He is raising up like the venerable Senator from South Carolina, Jim DeMint, who has been working diligently in support of conservative candidates including Christine O’Donnell. I highly recommend supporting his conservative candidates fund in lieu of funding for the RNC.

The RNC may not want to support real conservatives but we do not need them anyway. We have seen their deeds as they have squandered our hard earned dollars on Lear jets and strip clubs for their elite - while not having the funds for candidates like O’Donnell.

We are now seeing the efficiencies at work brought on by the Internet as conservatives around this great nation are funding fellow conservatives in pivotal races outside their own states. This high speed and efficient means of communication is rendering the concept of prodigal organizations like the RNC invalid.

I would rather give my money through the websites of individual candidates or to organizations like Jim DeMint’s than to the RNC thank you very much.

Remember, we have won nothing if we relish our victories but forget the cause to which we are owing. Let us not squander our final chance to set things right. There can be no 3rd chance.

There’s something about Arizona
By MrArbitrage

I’m receiving a great deal of positive emails from various sources like one sent today from Newsmax.com titled: Armey: Tea Party Movement Will Revolutionize GOP
http://www.newsmax.com/InsideCover/dickarmeyteaparty/2010/08/21/id/368077?s=al&promo_code=A929-1

That sounds great but it is difficult to get excited when one of the most contemptible senators in modern GOP history is presumably coasting into the nomination for another 6 year senate term.

It seems as though Arizonans enjoy being in the lime-light regardless of the reason. It doesn’t matter that their so-called “maverick” received that moniker as a result of being a left-winged appeaser who has obstructed conservatives in just about every significant piece of conservative legislation advanced during his career.

Since November 2008, conservatives nationwide have been on a mission to extricate the left-wing of our party as we have been reaping the devastating consequences of squandering an extremely rare Republican majority of the House, Senate and Executive branch. Conservatives nationwide have been on the warpath to accomplish this task –EXCEPT- for many of those calling themselves Republicans in Arizona.

All conservatives support the immigration bill but John McCain had nothing to do with that. Of course, being an election year, he is more than willing to capitalize on its popularity. I suppose we can chalk up this illegal immigration legislation to the blind squirrel factor (getting an acorn every once in a while). Congrats to Governor Jan Brewer for taking the lead.

It is mind boggling how so many people in that state can be so easily persuaded by this liberal. Just because they had some good times during the presidential campaign (which their guy lost pathetically), they think he is worthy of that senate seat. This is all in spite of the fact that McCain is the epitome of what went wrong with the GOP over the past two decades. This imposter has no more business calling himself a Republican than does Arlen Specter.

Frankly, I am embarrassed for Arizonans who are forcing this guy on the rest of us. They should be ashamed because while they bask in the attention they apparently crave, the rest of the country knows that no matter how many conservative coup d'états OTHER STATES achieve in these primaries - one of the chief obstructionists to the conservative movement is still going to be there to screw them over every step of the way. I really believe that if McCain was up for re-election in any other state right now he would be out on his rear where he belongs. Even Pennsylvania had enough sense to see the damage they had done by tolerating his nonsense.

So J.D. Hayworth made an endorsement on an infomercial encouraging people to buy a program to help them utilize money from government programs? The fact that this “charge” is the best the McCain camp could come up with says a great deal. How many times has McCain harped on this ridiculous point? Most of those programs J.D. was referencing probably had the legislative support of John McCain during all of the years he was stabbing conservatives in the back. McCain probably co-sponsored them.

To be fair, you have to look at what the two men have actually helped to promulgatewhen they were in office, not what TV commercials they did years afterward. By the way, where are all of the people who could rightfully be making fun of Fred Thompson for hocking reverse mortgages?

One guy (Hayworth) endorsed a guide or program that would help people to access grants that already existed. The other (McCain) spent an entire career jumping on almost every opportunity to sell out conservatives - because he couldn’t resist the media plaudits that accompanied his legislative treachery.

Look at the fruits people. Look at all of the years he screwed us to the wall. Look at the left-winged pro-gay marriage promoting antics of his wife and his daughter. They are all cut from the same cloth and they should all be ashamed to claim the title of Republican much less conservative – as should any voter devoid of the sensibilities to see this obvious fact.

Contact: MrArbitrage@tableofwisdom.com

Our ONLY hope is that the rest of the voters of this nation have enough sense to see the obvious destruction that people like McCain have caused our country. Even a Democrat who admits to being a liberal deserves much more respect than a back stabber who masquerades as something he is not so he can make for himself a legacy. God save us from voters who are incapable of critical and logical thinking.