August 27, 2011
Obama and Irene
Never, in the history of his administration has Barack Obama looked so weak. He should have staid at the beach or, at least, not made that Hurricane Irene speech. Insincere is the kindest word that comes to mind. I wouldn't be surprised if the American people look back and realize that today was the beginning of the end, politically, for him.

August 26, 2011
Weather Power Play
You didn't hear this from anyone, yesterday, but a giant piece of Hurricane Irene broke off yesterday afternoon and burned out in the Atlantic, between the hurricane and North Carolina. What that did was jolt the storm to the west and made it more efficient. Now it's heading north and by the time you read this, we may know which way Irene is headed.

Looking at the cloud bank from the top, it seems to be bigger than it actually is. But that doesn't keep news announcers from looking into their respective cameras with deeply sincere looks and pontificating that this hurricane may, for New York City, be the worst storm since the Great Flood. Governors and Mayors all up and down the Eastern Seaboard (except ours, thank the Lord) glorified in their power to force people to leave their homes "for their own safety." Not that it's anybody's but the homeowner's business. Oh, and Obama just couldn't help declaring North Carolina a disaster zone BEFORE anything has happened - that means the Feds make all the decisions. You really have to feel sorry for the Tarheel State.

Look, there is no doubt that, if this thing hits land, it's going to leave tears in its wake - wherever it hits. But, regarless of whether it hits land or not, we really need to take a good, hard, long look at all of this so-called emergency "help" we're forcing on people. Wouldn't it be better to inform people and let them make their own decisions about fleeing or staying.

I suspect that most of it has more to do with politics and control than helping people who need it and, more importantly, have ASKED FOR IT!

August 25, 2011
Not Dead Yet

One of the funniest and most poignant scenes in Monty Python and The Holy Grail occurs when Eric Idle, dressed in a rotting leather hat and trailing a cart of dead plague victims while banging on a smithee's triangle, calls out, "Bring out yer dead!" John Cleese approaches with a very old man (the late John Young) slung over his shoulder. The very old man, noted as "the Dead Body" in the script, says, "I'm not dead yet!"
Looking at the erratic path of Hurricane Irene reminds me of that.

I take it as a scientific fact that, currently, even good weathercasters cannot accurately predict weather more than six hours in advance. Hurricane path prediction is even trickier. So when some forecaster says Irene will hit or pass by SC, take it with a 25lb salt lick.

Hurricanes are forces of nature - they will happen when, where, and how they happen.

One thing you can do is come to this web page, where you will find real-time animated weather maps. We can, at least, show you where Irene is.

August 23, 2011
Bated Breath
Hower you look at it, the past few days have been interesting. At least it takes our minds off the ponzi scheme in WASHINGTON, DC. A good finger crossing against the powers of nature. Time to hunker down.

August 22, 2011
Whole Lotta Shakin' Goin' On..
5.8 is nothing to laugh at. The worst part of the Mineral earthquake was the President's message - telling us how much he cares and telling us how he's going to spend more of our taxes, making everybody who doesn't have insurance, whole again. Too bad Rock 'N' Roll Songwriter Jerry Leiber, who helped to write the appropriate Jerry Lee Lewis hit, died this week. But still, it's oddly ironic that he did.

Irene? Goodnight! Part Deux
All kidding aside, if I were on the South Carolina Coast, I would have a "Plan B," when it comes to Hurricane Irene. The waters of the Atlantic are almost as hot as they were back in the 50's and the atmosphere at 5 miles up is colder. Irene is doing that "wobble" thing that Hurricanes do before allowing itself to be swept either up the coast or into the Gulf. We have the best animated maps and weather info here, as our two thousand readers will tell you. Stick with us for up to the minute charts, maps, and facts.

Dubya, Dubya Toil and Trubya
Was W free-basing, or did he even know what Bernanke and Geithner were doing? Bloomberg, who hates the Bushes for changing the cocktail of choice from a Manhattan to a Shirley Temple in his Republican party, was finally persuaded to print the poorly kept secret about how much tax money was really given to the big banks and their bank and money-holding friends around the World - over $1.2Trillion - back in 2006.

As breathtaking as this piece of news is, it is even more amazing that nobody in any administration since 1964, except for Ronald Reagan's, thought or thinks this is insane.

Over and over again, administration after administration tries to make the "broken window" economic model work. Over and over again, the procedure bogs down in the mire of bad theory and incompetent administration. No-one can make an adjustment for the fact that SOMEBODY has to PAY for the broken window.

One has to ask the question: did All of those people actually think that all of that baseless money would do the trick in SOLVING those financial crises? Obviously not. In fact, they must not have believed it because, at the time, they hid the truth of the growing financial tsunami which is now upon us.

But one day - and that day may be soon - the past will catch up with the present and markets will understand that they have been trading with play-money. When that day comes, there will be be weeping and wailing and pointing of fingers, as America drowns in a cesspool of politics.

There are two, maybe three, men who can get us out of this manure pit, and one of them will not run - Paul Ryan and Herman Cain. And you can bloviate all you want about electibility, but the fact is that we cannot afford to elect anyone else without incurring catastrophic economic results.

On the other hand, sure - let Spanky Bernanke and Timmy Boy have their QEIII. The only good it will do is increase the value of my gold and silver. The large amount of bad it will do is, perhaps, permanently destroy the American economy.

Speaking of Manure Pits..
Maxine Waters, the Representative from the slit-trench that is Los Angeles, who, in a racist rage, recently attacked the Tea Party, is so incredibly unimportant to anything worthwhile in America, she only deserves one sentence.

August 21, 2011
Irene? Goodnight!
Tropical Storm, Irene, hit a pocket of hot water and became a level one (Fujita 1) hurricane and may make landfall in the US, but it gives me a great opportunity to talk about hurricanes, gold, and scientific probability.

If you put a donut (especially a Krispy Kreme donut) on the pic-a-nic table in your yard, and go back into the house, the probability that some varmint will steal it, or at least take pecks at it, is extremely high. At the very least, the ubiquitous ant will tell his pals, and they will begin work, deconstructing the wonderful confection.

If you build a house on the beach, along the marvelous South Carolina shoreline, sometime, in the succeeding 38 years, there is 1 in 3 chance that you will be building that house again. I'm not trying to me mean. I'm just telling you that beachfront property in our Palmetto State is a risky business. Not only is beachfront property prohibitively expensive, even if you inherit it from your parents, it comes with confiscatory real estate taxes and rediculously high insurance premiums.

Then comes the hurricane. Depending on what we now know is the La Niña - El Niño Oscillation, we either get clobbered or nothing happens.

Fooling with the economy is a lot like that. One time out of 38 for something to go bad - seems like pretty good odds. We get lulled into thinking it will never happen.

And then, there it is, tearing our rooves off, making the contract builders happy and the poor destitute.

The upshot of all of this is that we can always prepare for the bad. Even the poorest among us might think not to buy that case of beer on food stamps and put the pittance away for a rainy day.

Right now, our economy seems like Wilmington before Hurricane Gracie. The winds of incompetence have done great damage to the fortunes and the psyches of many of America's middle class workers and savers. And like the McClellanville after Hugo, some will be prepared and others will be weeping for their ill-preparedness.

The trick is trusting to well established practices and keeping your money close. I've stopped buying gold, but I'm still interested in the more conservative silver. This doesn't mean gold won't go higher, but those profits are for fools and pigs. I can be perfectly happy with a 50% roi.

So be prepared, ignore the administration, keep working, and expect success. And for us, in the south, we just might get there in spite of the total confusion which has been wrought on us by well-meaning buffoons in the Executive.

August 18, 2011
Soooooooooo.. ?
Federal Reserve Chair, Ben Benanke, has once again stretched credulity by asserting that "there is no inflation... it's a head-wind." So, as if to call him a "big fat liar," the price of everything rose this past month. Counting everything we're almost at 11% annual inflation. So far, the official annual inflation rate is much lower - but that's not counting the price of everything - like oil, groceries, gasoline, rental rates - most of the things that you and I need in order to live.

Again, remember that stagnation in the job market has become so serious in the North, that administration economists are saying that this is the new normal.

STAGNATION + INFLATION = STAGFLATION.

There really is nothing more to say on the subject that isn't crawfishing or lying. But I'm sure we'll still get a hailstorm of both, anyway.

August 17, 2011
Subjunctively Moody
It has now become patently clear that the Obama Administration, among its other failings, does not understand English grammar. Neither do all of the national media - ALL!

Governor Perry can clearly be seen using the subjunctive when referring the possible printing of more money through what is euphemistically referred to as "Quantitative Easing Three" (QEIII). He said that it "WOULD BE.. close to treason."

No sooner had he made the statement, than goofballs on the left were saying that he had called Ben Bernanke, "Treasonous." Even Fox News reported something similar, although they, at least, played the ENTIRE clip (which is where I heard it.) I do not think Charles Krauthammer, my hero, punditing on Fox News Special Report, heard or saw the entire clip. He WOULD HAVE, I believe, spoken differently, had he so done.

It is one of the sore points of the educational system that English teachers are destroying the language by their ignorance. Every single student who comes into my college class that I have had occasion to ask, has told me of teachers who do not teach the subjunctive, the language of dreams and possibilities.

I have said it before, and I will say it again - English is NOT a Germanic language. It has plenty of German in it, but it has an equal amount of Latin and Old Low French which is part Koine Greek), and a touch of every language on the globe. And, even if it were a Germanic language, German has a form of the subjunctive! Yet, the luddite English teachers do not teach it.

Is it any wonder that we are separating ourselves from each other by the very language we speak?

August 16, 2011
"The Blunder Bus"
That's what Neil Boortz calls the "I'm-Not-Really-Campaigning CampaignTour" of Barack Obama. The man has no shame! And it's why I listen. Neil can be heard on WISW and WRNN from 10:00am-1:00pm in Columbia and Myrtle Beach, and on the internet from 8:30am-1:00pm everywhere else in the state.

College Economics Class
Not all college professors are liberals. I'm not. The following, sent to me by one of my faithful readers, may or may not be true. Either way it is an excellent example of the stupidity of socialism.

      A professor of economics at a local college made a statement that he had never failed a single student before, but had once failed an entire class. That class had insisted that Obama's socialism worked and that no one would be poor and no one would be rich, a great equalizer.

      The professor then said, "OK, we will have an experiment in this class on Obama's plan".

      All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A...

      After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.

      The second test average was a D! No one was happy.

      When the 3rd test rolled around, the average was an F.

      As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.

      All failed, to their great surprise, and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great but when government takes all the reward away, no one will try or want to succeed.

      Could not be any simpler than that.

I had trouble staying in my seat from laughing so hard. In it's humor, however, there is much truth. I'm told, the original sender of this eMail would love for you to send this to your friends.

August 15, 2011
Back in '09..
Remember the editorial I wrote about how economic fascism works? Well, I beg you to read "Reisch, Keynes, and Gold", again. See Barack. See Barack spin fascism into hope and change. See Barack fail. See Barack call up the troops to enforce his failure. See race riots in the North. See me tell you I told you so.

Fearing Texas
My sources tell me the Obama election people are terrified of Perry, who announced here this past weekend. According to two of these people, the mud will be so vile from the Progs that, even when it's true, Americans will reject it and move toward Perry to avoid upset stomachs.

Ron Paul Came in Second in Iowa
It was very close. Very close.

Living in America
Simply put, the Tea Party is NOT, repeat, NOT filled with crazy people.

The only group, so far, which has exhibited any form of insanity are those who think we can borrow and spend our way to a healthier economy. Those are not Tea Partiers. Generally, they are Progressives, Yankees, and other lower forms of life.

Please understand, "Yankees" are no longer people from the north, anymore. Those of us in the know, have officially redefined as "Yankees," any persons who steal from stores in flash mobs, members of ACORN, able people who are cheating the welfare system, men who hit women, anyone who thinks most Southerners are bigots, Union bosses, people who do not parent their children, anyone who thinks it's OK to steal what they need, people who continuously use foul language, bigots, Progressives from Chicago.. people like that.. Mitt Romney would no longer be classified as a Yankee. Barack Obama and many London teenagers are.

Oddly enough, Yankees can be seen in full bloom on a video released recently, showing a flash mob robbing a Philadelphia convenience store. The comments about the video are even more revealing. It also adds evidence to my argument that race riots will break out, by fall of 2012, in Yankee rust-belt megacities, and perhaps, poor Atlanta, which has also fostered a generation of "gimmees." (The term "gimmee" actually refers to a word, thought up by the writers of Star Trek Deep Space Nine, for someone who feels entitled to a government handout.")

So, the next time you hear some Progressive apparatchik telling you how crazy the Tea Party is, just remember they are deflecting from their own madness.

The Market Went Up, Today
It will go down again. A lot. The market is still going sideways - it's just making bigger swings.

August 13, 2011
Compromise
When George Wallace stood in the door of the University of Alabama, the Southern Christian Leadership Conference did not want to compromise. They knew they were right. They knew he was wrong. They didn't accept his offer for a bigger, better "Negro school."

Martin Luther King did not compromise. It took him years in order to get the right thing done, but he knew it was the right thing to do. When the white folks of South Carolina finally relented in 1967 and disavowed segregation, they knew they were doing right and many, many friendships were destroyed. But they did the right thing.

The Republicans, libertarians, and moderates who make up the TEA Party movement, know that Barack Obama and most of the Progressives are wrong about health care, stimulus, the debt limit, and taxation. They look across the Atlantic and they see the inevitable results of "spreading the wealth" writ large in England. They also see the Progressives, here, who, like drug addicts, want a "compromise," in the wicked hope that they can keep spending money on their voting base by stealing it from the workers of America.

The Progressive operative in Iowa, who heckled Mitt Romney, showed his pathetic ignorance held by most Progressives, by questioning the fact that corporations are people. He did not realize - or purposefully ignored - the fact that the ownership of public corporations is shared. That's why they call them "shares."

Little old ladies are among the vast numbers of Americans who own shares of corporations, through their retirement and investment plans. When you increase the taxes on them, you take food out of their mouths and years of security off their lives. So corporations ARE "people."

But many legislating Progressives have never worked for a living, and so don't know what a corporation really is. Yet they want their errors paid for with increased taxes on corporations who have been successful in order to give money to those same little old ladies. Understand this: They are taking far more money from the little old ladies' pension plans in order to give far less money to the same little old ladies' Medicare. The lost money goes to running the program that takes the money, ie. the government. I'm sorry to have to say this, but this scenario, which is so well loved by most Progressives, is either INSANE or DISHONEST.

Now, Progressives know an important truth, but pretend that it is not true: An important part of the American Way is to leave people alone. Americans want to be left alone to enjoy the pursuit of happiness. They like their burgers and their TV talent competitions and their wine and their cocktail parties and their fast cars and their handsome significant others. And the truth is, they should be left in peace to enjoy it, if things were ok.

But those mean old Republicans insist that Americans care about austerity and freedom and personal responsibility and the solidity of money and honesty - which Americans DO care for, as long as those things don't take a whole lot of time or a whole lot of effort or both.

So, the Progressives have set themselves to distract, mislead, and dissuade the well meaning, but irritated Americans by calling for compromise, as if that will solve the problem. And many, many Americans will believe them because they WANT TO BELIEVE that the situation can be solved easily.

Again, I remind you that the Revolution against England, the fight against bigotry, the war of 1812, was won with only a third of the country, fighting! But do not let that deter you. We must continue to stand against the dissembling and lies of comfort and personal attacks. We are right. Freedoms require a strong spine and an inerrant vision of real life. And "compromise" will not be for anything good. Not until after November 2012.

August 12, 2011
Classical Gas
Newt looked good in the debate in Iowa. Along with Herman Cain, he really was the co-brightest bulb in the room. I still think Cain is the man to be President of the United States. This debate was very revealing.

Classical Gas Part Deux
Clyburn? Really? Why not just put a sock puppet on the "Super Committee." Pelosi's a good enough ventriloquist.

August 11, 2011
Assets Where It May
Capital to Assets. It's what determines whether or not a Bank is successful. Year-to-date, the stock prices of American banks - big and small - are down about 40-50%.

What determines a bank's stock price is the general opinion of what the future of a bank will be. For the most part, investors are wary of most banks capital to assets ratio. For many, many banks, large and small, their assets include a lot of worthless Fannie Mae and Freddie Mac loans to Progressives who can't pay them back.

Enter the piece of Progressive legislation named for its two miscreant sponsors - Dodd/Frank. So far, all it had been able to do was block people with good credit from getting loans. Now, we've learned that it keeps good banks who lend to small businesses from operating.

Main Street Bank, which has one of the cleanest records in America, this week, decided to hand in their federal banking license and will work state by state to be licensed to lend there, but not as a bank. They cannot, under Dodd/Frank, make good loans to lesser capitalized, but successful small businesses. The law is, they say, ridiculously complicated.

Some day, educated people will recognize that Rep. Barney Frank is not a smart man, especially when it comes to money.

Temporary Dip?
After 14 straight reports, the number of people lining up to get get unemployment dropped to 395,000 out of work people - a mere 7,000 fewer than last report - hardly anything to celebrate. It may also be a temporary dip. It would be great if it were not.

Imbalance of International Payments
We sold less to international markets than they sold to us last month. This would be no big deal, if we traded in gold and silver. Unfortunately, we, and the rest of the world, except Switzerland, use unsupported money. So, what we owe is up to the whims of futures traders who have not been kind, of late.

Watch Tonight
The Next President of the United States will be debating our country's future tonight on Fox News Channel. You owe it to yourself to watch, and pick one. I like Herman Cain, but you don't have to think as I do. But Herman has some really good ideas, and Rick Perry isn't in the race yet. I still like a Cain/Perry Ticket, but I'd settle for a Perry/Cain ticket. Or a Cain/Christy ticket. We could call it the "bazooka express!"

So, get your favorite beer or wine, sit back, open a pack of vinegar and salt swine rinds, and watch our next president do his or her stuff. Anyone of them could win.

I'm still looking for a Dow 10,500.

August 10, 2011
One Finger Pointing, Four Pointing Back
Whenever a Progressive does something bad, whether on purpose or by mistake, they always start to accuse Republicans of doing the same thing. Because they have done it every day since they switched their view from protecting the country to protecting their voting base - LBJ's administration - it is no wonder that they are trying to transfer their psychosis to their competition, today.

The pitiful fact is that, because they have five of the nation's six news outlets mesmerized with a fantasy that government can fix things, most people today are walking around saying things like "It's BOTH parties' fault," which is ludicrous on the face of it.

• Progressives have not proposed a budget in two and a half years - Republicans have proposed Four (4).
• Progressives passed the biggest boondoggle in the history of health care - the Republicans have proposed three - two of which were sensible.
• Progressives passed the second biggest boondoggle in the history of recessions - the Republicans opposed the stimulus all along the way.
• Progressives were elected to ignore the Constitution on matters of law - Republicans to enforce it.
• Progressives still control the government. Let me repeat this. Progressives still control the government - not the Republicans.
• Progressives since 2006 pushed Fannie Mae and Freddie Mac to give good money for rotten credit - Republicans tried to expose this but the media (except Fox) ignored it!

WHERE, IN ANY OF THIS IS THE EQUALITY OF RESPONSIBILITY? WHERE?

Progressives ARE RESPONSIBLE FOR WHERE WE ARE TODAY, ECONOMICALLY SPEAKING. Progressives.

Republicans have tried to help, but when you have no power, there is little you can do. And, frankly, government cannot do anything about the economy except spend less and regulate less, in any case.

Now, no political party is perfect. Depending on your world view of money, certainly the bank bailout has to be considered - and most of those banks, except the really big ones, HAVE failed. Another instance, education, has always been the second choice of both parties. For the Republicans, education is a private matter. For Progressives, education takes second chair to welfare. Neither are correct, but one thing IS true. Education is not a Federal matter. At the most, it should be a State matter.

So, do not let the five of six national media outlets persuade you of a falsehood of equal culpability. It simply is not true.

Dead-Cat Bouncing Part Deux
What could Ben Bernanke have said that either he hadn't already said, or COULD HAVE said, given the current administration's basic misunderstanding of economies - "Yes, I'm a complete tool of the Administration, we've been wrong, I lied to 'W,' Keyenes was wrong, Milton Freidman was right..?" NOT HE!

So the market continues leaderless and weak.

But to be as fair, as the Administration is not, the market WILL come back, when it's allowed to be itself. In ZEN terms, the market needs to be whatever it is, without manipulation.

About GOLD Look at silver. Look at Platinum. Gold looks to be bubbling.

Personally, I wouldn't buy Gold until it pulls back to 1600. Again, Silver may be a buy at 30-35. Don't try to time this market! You should be "dollar-cost-averaging" in any case.

August 9, 2011
Progressive Downgrade Redux
If you listen closely, you can hear Goofy, falling off a cliff. Nobody trusts the Administration. Nobody wants to invest. Investors are angry. Technicals have been broken. The volume is very, very heavy. Investors are calmly and logically selling to get into cash.

Maybe a dead cat bounce, Tuesday. I'm still looking for a DOW 10,500.

Can you blame them? You have an Administration which is beginning to sound just plain silly - plugging away at a failed Keynesian economic misplaced ideal. (Of course, it would help if Obama just kept his mouth shut during trading hours.)

Yet markets go up and markets go down. Ours will come back.

The South has a strong economy. The North sleeps with the fishes. The South has few unions, the North, the opposite. Industry is growing in the South where it's cheaper to live. The North is the "Rust Belt." To put it bluntly, the South is in a moderate recession, the North is in a full fledged Depression. So, we must reject more taxation, more dreaming with other people's money, more legal theft. And THIS time, the North MUST take care of itself. We cannot have 1842 all over again.

But despite this awful administration, we will survive. The Tea Party will let you participate if you want to help out.

Lost in all the market craziness the past few days was the proof of a situation I've been warning you about for months - China's economy is not strong and their debt is enormous. Elizabeth MacDonald has an excellent article about the China situation.

The reason China's debt is a bad thing, is that they may sell off it's US Treasuries. That would be a bad thing, especially for very big banks, who are forced to trade in the unreal money of the world's countries.

All of these things are a result of government trying to "solve" economic problems with Keynesian solutions. The market must be allowed to find its natural base - it would help if we went back to a precious metal system.

August 8, 2011
Fantasy and Political Polling
Soooooooooo, 75% of Americans don't like the Republicans. I can believe this poll, because I can guess WHOM they polled. You know, don't you, that most pollsters do not poll people in small to medium cities. They poll big cities because it's easier. They can say they don't, but, I've been there and done that, and I know better.

People in big cities tend to be left-leaning moderates to wild-eyed crazies. They depend on government because they have made their living area into a poop-hole, and need help. They allow people to tell them where to go, how to get there, and what to do once they get there. In fact, some scientists postulate that just living in a large, crowded city is enough to drive you nuts. Independence is not something usually cultivated by city dwellers.

Is it any wonder that the polling shows that people don't like people who want freedom - especially, freedom from people who tell them what to do and how to do it.

Input Theramin, Here
One of the fun things you can do, if you need to be entertained, is visit the conspiracy sites on the net. Several of them are pointing to the fact that the twelve legislators who will set budget policy, are like the 12 apostles, but when Obama is added, it equals the number of a coven.

August 7, 2011
Cash, Truth, & Leadership
According to business leader and business problem solver, Amilya Antonetti, the business community said three years ago that GOVERNMENT SPENDING was not the way to make the failing economy better. They were looking for a leader who would know that some businesses have to fail, and some of those businesses would be big - banks, car companies with big unions, insurance companies, quasi-governmental lending corporations. This leader would have to be able to discern the difference between feeding your grandmother and feeding the pig. Instead, we got a follower, not a leader.

Amilya Antonetti

August 6, 2011
The Progressives' Downgrade
We warned you about this credit rating thing. Our sources say that S&P was actually bullied at the last minute by the Obama administration - even using Barney Frank to use his umbrage in a pathetic "Teacher, you counted my bad grade twice" excuse, claiming we discovered we didn't spend 2-trillion dollars. But this time, they didn't give in.

AAA to AA+! We have written about this spending and Frank's bullying of Fannie Mae and Freddie Mack, day after day, week after week, year after year. You cannot mess with the primal forces of nature like this and expect anything but a credit downgrade. Arguably, S&P is a group of naughty boys, no doubt, but because they have been castigated so much for their previous bad calls, they must state only the obvious truth, now.

At this point, the only thing the Obama administration can do to heal America is recuse itself and go home - lock, stock, and barrel. He, as predicted, has fulfilled his own hamartion by creating a Keynesian tragedy. Now there must be tears and a journey. He, his ideas, and his group are the denouement. His leaving the office, soon, before it gets any worse, is the catharsis. Government MUST back off.

It would also help if America had an honest political party with a set.

On Yesterday's Market
Yesterday's up and down market was classic "whipsaw." But the majority volume, by a huge amount, were those investors who were selling into any sustained rise. The "up" volume was slim. The "down" volume was huge. We're talking LARGE "lots" at a time creating those sales. The market did finish above the close. But in the end, there is nothing but lack of trust in government and market left on main street.

August 5, 2011
Employment Number Doesn't Stink.. Completely
9.1% Unemployment Rate down from 9.2%. 156K people were hired in non-farm jobs, last month. Most were service industry jobs. That's 40 thousand less than dropped out of the working force or got laid off. Way off the number needed to make the Keynesian economic model work. Wall Street is praying that the Government will NOT institute another round of money printing - a QE3.

Like hearing a doctor tell you, "You have cancer in three places, but your heart is working perfectly."
- Ray Hennessey, Fox Business Journalist/Analyst.

Whipsaw!
Up 100, down 200.. Very heavy volume both ways. This so reminds me of the summer of 1987. If that's the case, get ready to sell in late August, because the DOW could go to 9,000. But that's got to have some heavy fundamentals behind it - like the dirty little secrets of the Obama administration's economic policies coming out. I still think the correction has to go to 10,000 - 10,500.

Timing the market, right now, is very hazardous.

August 4, 2011
Market 1, Keynes 0 - Dead Cat Bouncing
The lesson from today is that you can't mess with the primal forces of nature without getting messed with, yourself.

The children on Pennsylvania Avenue, in their effort to fundamentally change the way they do business have tried to fly without wings and dig without shovels. The result is confusion.

The recent fall of almost a thousand points on the DOW had no real significance, except to excite the newsies. What is significant is the lack of volume driving this dive. That means that a few people with a bunch o bucks can pretty much ruin your life's investments, unless you invested wisely. But today's fall HAD Volume as people simply gave up on the Keynesian fairytale.

I'm still looking for a 10,000 DOW and then a half retracement, as the DOW P/E sinks below 10.

If you bought silver as early as this past fall, you are doing very well. If, by chance or foolishness, it happens to drop back to 35 or 30, get some! I don't see the economy collapsing, or Nostradamus coming back from New Jersey, but I do foresee riots next summer, in the bigger Yankee cities (and maybe Hotlanta, too) as formerly pampered have-nots discover the federal refrigerator is really and truly empty. Could get serious.

I honestly believe that the economy will come back, but our government must have the moral discipline to let people fail, in order to help the truly needy. Obama and the Progressives in Congress must let the market BE the market. Government can only postpone inevitable market forces.

August 3, 2011
Up! Up! & Oy Vey!
Trying to save $16 Million in wasted subsidies for tickets to rural airport destinations, we have furloughed some thousands of FAA workers and missed collecting a billion dollars. The question that comes to my mind is, "Why are we collecting a billion dollars in FAA taxes, anyway?" Who gets that money? Is that part of the budget? Is this the same FAA that keeps us from having car planes or otherwise, does nothing, anyway? (or was that the NTSB or both??)

Another question is, "How many more of these 'hidden' taxes are there?"

¡COMPROMISE!
Bernanke & Geithner are thinking about ANOTHER round of printing paper money! (QE3!) ¡Que estúpidos hombres!

Look, people.. the broken-window theory of economics DOES NOT WORK. Somebody has to PAY for the work the broken window creates! In a tax-based economy solution to the broken-window problem, the tax-payer must either pay more taxes or stop spending and use the freed-up funds. Either way, it doesn't create the actual work, it only benefits a very few, already-established workers.

The result - and this part is very important - is that the spent tax funds are NEVER ACTUALLY RECOVERED. They are absorbed by the taxing body in a "ponzified" effort to keep the unproductive phenomenon going.

Why do we even question these facts? Because people need the power that broken-window economics provides.

As to the spending extension, there are fiscally responsible parts to it, and so welcome. But we must not allow this super-committee Creature to impose taxes for which we have not had representation.

And remember, the market has not taken its natural toll, yet - it has not been allowed to. Eventually, it must. If you have invested wisely, the only thing you have to fear is a panicking federal government.

I know there are those who are hoping beyond hope that the "Velocity of Money" will eventually indicate the actual state of things, but it can't. Things are bad, people. Heisenberg proved that you can either know how fast something is going or where it is, or even its size, but not all at the same time. His work in uncertainty applies to money as well as sub-atomic particles.

One Other Thing..
if Obama and the Progressives "didn't need this manufactured crisis," then they should not have manufactured it. They had 2½ years to deal with this debt ceiling and did nothing. And for the record, W inherited a small recession from Bill, and then we all got slapped with 9/11.

August 2, 2011
Today Is Frankie's Birthday
I'm taking the day off to celebrate. If something important happens today, I'll write about it, tomorrow, if that's not too confusing..

August 1, 2011
Bonds, Scarers, & A Mighty Fortress
Progressives have, once again, proven that they know nothing about money.

An example of that is the latest Bond Market reaction to all of the scare tactics of Harry Reid and Barack Obama. No matter what they said - and it SHOULD have scared traders - they had no effect.

Our sources are telling us that the Whitehouse and the Senate are very nervous, because none of their stimuli have worked. Like a crazy person whose fantasies are being challenged by reality, they are becoming manic and reverting to type - they're talking MORE deficit spending to create yet another stimulus, and blaming the man whose only attempt at saving banks has worked better than their plans. They just can't wrap their minds around the fact that John Maynard Keynes was wrong and that Milton Friedman was right.

What this means is that both stock and bond markets are at artificial levels. The Bond market should be producing a private price of 5% to 5½%. The market should be at a safe 10% Price-to-Earnings Ratio - it's not - it should be somewhere around 10,000 DJIA - the profits and earnings are just not there. Even Gold is overpriced (although Silver, oddly, is pretty efficient). You already know about how well the stimulus has helped unemployment.

Yet our bond market is strong. Why?

Our market is strong because the US still owns the best army and the biggest guns. And, even though countries laugh at us for our McDonalds culture and our pursuit of happiness, deep down, they know we are a better, kinder country. The world would rather be subject to our guns than those of the Chinese or the Russians. That means the world would rather be subject to our money.

It's not a matter of trust of a friend. It's a matter of trusting that we will continue to act the way we have since 1941.

Now, guess what happens when you cut your military budget?

In most cases, the effectiveness of your military falls, logarithmically. Remember that the military is a galumphing, inefficient monster which bleeds money in proportion with blood. When you cut a military budget, you take away its room to screw up. You invite attacks on your country. In other words, a small military is a bad military.

A country must be able to obliterate - not that it would - but that it could. That breeds fear in our enemies and respect in our friends.

Hence, our (the USA) brand of strength engenders a real trust until we cannot afford to stand up for our principles. If we choose to become a welfare state, the day of respect will end. If we honor our ideals of a strong military, strong schools, strong justice, and good roads, we will win this trial of confusion and calumny. If we do not, we will fail.

For What It's Worth
Again, our delegation, didn't vote for the Debt Ceiling, proving, once again, that South Carolinians understand money. The truth is that all the debt ceiling thing did was help big banks not take the hit they should have already taken by now.

Now it's time to start working to defeat Jim Clyburn, who is a puppet of the socialists posing as progressives in DC. His district is so poorly served, it's called the "corridor of shame." It's a place where the hand is out and the jaw is clenched, as if all of us, somehow, owe them something for being too lost to do for themselves.

Well, they're not helpless. They just lack leadership.

As for the entire country, the only persons responsible for this crisis are the ones who voted for the debt we now have to live with, not the ones who pointed it out and stood by their guns.

Dad's Birthday Dad would have been 96 today. He died five years ago, and I still cannot define the depth of my loss. They say, you never get over the death of a good father. I believe it.

I'm just sayin..