_____________________________________________
It’s not like I don’t get little enough sleep as it is… No, Fly’s gotta start chucking cherry bombs over at his place, talking all kinds of pina colada-induced nonsense about voting for the Emperor again, despite his concerted attack on the American economic system and his attempt to “transform” us into Denmark in the middle of a mild recession that is getting less and less milder as we speak.
All because he thinks Rick Perry — 11 year governor of Texas and one-time Southern Democrat — is going to abolish the Fed? Can he be serious? No, I don’t think he is, either.
No, I’m blaming it on second-degree sunburn, and leaving off. I don’t believe the Fly really wants to turn us into Europe… not with what’s going on over there right now, as their underfunded demographically-imploding welfare states dissolve into a puddle of ill-trained and ungrateful flash-mobs. And really, what can you expect from a country whose National Health Service had 239 patients die from malnutrition last year?
Yes, you read that right… click on the article to read more about the glories of social democracy and state-based healthcare provision. Obamacare, anyone?
It’s okay. You made a mistake. It hurts, and it’s embarrassing. Hell, you’ve got to ditch all that blue and red block-printed poster-board and tee shirtage. But don’t fret… there’s good news.
You’ll have a chance to right that wrong in 2012. It’s not going to be the “perfect candidate.” It never is. Sometimes you have to choose the good over the perfect, and sometimes even the lesser of two evils.
In this case, the choice won’t be that difficult. You’ve got a chance to undo some pretty significant damage. I know you’ll do the right thing in the end.
_______________________
I remain stolid in my recent positions. My hedges, such as they are, harden into calcified barnacles, neither sentient nor proud. Their growth is de minimus, moving like the tides, if at all.
I’m not wholly convinced that the PM’s are quite dead or ready to roll over, so I guess I will wait for a sound. In the meantime, I continue to winnow positions in other areas, moving to an almost wholly “cash and PM” portfolio, save for my ETF positions and the BWA, WNR and UPS I still own.
OpEx is a tough week. Let us watch and wait for it to resolve itself. AUY continues to look fantastic, btw.
_____________
If you enjoy the content at iBankCoin, please follow us on Twitter
You’re right. I want to turn us into THE HOLY ROMAN EMPIRE, where all citizens will be executed, at one time or another.
I have often wondered if you are the reincarnation of Frederick Barbarossa.
__________
The Papa will deal with you shortly.
Wait….I thought we undid some significant damage in 2008 when Obama was elected.
You thought wrong. By giving the hardest left and most inexperienced member of the Senate the Presidency, you only exacerbated the damage you did in the 2006 election when you let the other two sides of the Dopemuda Triangle into the mix — Reid and Pelosi.
You’ve had a pretty shitty five years, kid. Wise up, this is no dress rehearsal.
______________
So I should have voted for McCain? What difference would that have made? Neither Obama or McCain were capable from my point of view and the ditch was so deep in 2008 that neither had a chance of figuring a way out. The Bernank is doing what he wants to do and would have the same loose leash had McCain been elected.
McCain wouldn’t have done anything with Bernank, sure, but he would have vetoed all this job crushing bullshit that Nancy, Harry and Obes have jammed through. He would not have stopped all drilling in the gulf, and he’d have a much more friendly domestic energy policy. We wouldn’t have all this green EPA nonsense stopping new power plants from being built, or businesses from hiring for fear of Obamacare costs, regulatory weight, higher gas prices, etc. etc.
McCain was no prince, believe me. But even the divided gov’t he would have provided would have been WAY better than the rail job we got before 2010 put a stop to some of the nonsense.
_______________
The differences between four years of McAssbag and Carter Dark would have been insignificant. Obamacare is just an extension of Jorge Arbusto’s medicare part d free shit giveaway.
Monetary policy enables all of the other bullshit regulations. Until you get people in Congress and the White House who are willing to deal with that issue and quit pissing on the currency, nothing will change.
The PerRomneyBama Bilderberg candidates will all continue the status quo. Perpetual wars to maintain the Empire, perpetual printing to fund everything, a steady decline in the standard of living for the lower and middle class until we achieve parity with China, and occasional free shit giveaways to keep the masses opiated.
Carter Dark..LOL How true!
Last I looked Nancy, Harry, and Obummer haven’t been able to jam a damned thing through because their stones go waaaay up into their abdomens when just the thought of facing the republicans enters their heads. 3 collective do nothings frightened of Republicans, and incapable of promoting agenda. A McCain white house would have been just as incapable, if not more if they catered even more to the “Job Creators”.
Listen, you can go over to Fly’s site and spout that cynical losertarian nonsense, but here you have to bring your A-game.
Is you missed the passing of the $900 bn non-stimulus, the passing of Obamacare and the passing of Dodd-Frank then you are de facto bringing your “Z” game.
___
Let’s not forget the secret raids and shut down of ma n pa business all in the name of immigration enforcement. In this case he is directly halting production and stopping individuals from servicing the consumer. And of course he also squandered millions by attacking and shutting down online poker! Obumma n freedom do not mix!!
Obama is truly terrible. I am just so fucking mad at these GOP candidates.
There is no perfect candidate. People even shat on Reagan in the late seventies. Read the archives, they thought he was a complete nut.
Don’t let the perfect become the enemy of the good. There’s some evil shit that needs to be rolled back here, and like… yesterday.
____________
There isn’t even a half assed decent candidate. I keep telling thehusband that there is NO way Obama can get re-elected after this mess. And he keeps pointing out that there is no one else who is electable. We don’t need a perfect candidate; we just need one who can beat Obama and so far, that person is not running.
Perry and Romney could easily beat he and Joe Big Mouth, in a walk. Whichever the combination.
However, there are significant people not running whom I’d like better:
1) Mitch Daniels
2) Chris Christie
3) Paul Ryan
4) Marco Rubio
5) Scott Walker
All of these have their flaws as well (Rubio and Ryan’s only flaws are that they are too young and/or inexperienced), but are all sound candidates.
You never know, Christie might yet throw his belly on the table.
________
I actually like Romney, but this country won’t elect him because he is Mormon. We purport to hold the principle of freedom of religion but you and I both know that the majority of citizens are incapable of tolerance. We are more racist with regard to religion than we are with skin color.
I thought you were Canadian?
I could see Mitch Danels as a possibility if he ran.
For some reason he’s ruled it out. He says wife, but I wonder if there are some skeletons…
Romney’s Mormonism is not the problem, its his natural chilliness.
______
chilliness – isn’t that the same as Mormoness? ;~)
skeletons are likely…
FWIW, we’re having multiple days of negative money flow out of GLD.
http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html?mod=topnav_2_3000
Yep. You should be hedged.
_________
so much for the Market updates….I’ll be ok…I seem to manage just fine…carry on fellas…O’ Mighty needs all the help he can get
I take requests. I’m just not doing much these days.
___________
Jake wants us all to join The John Birch Society and subscribe to wingnut periodicals ….
http://thenewamerican.com/
Politics aside, I own BWA as well.
and if you don’t think Jake subscribes to The New American then you didn’t read his last blog on Nixon.
http://thenewamerican.com/history/american/8607-closing-the-gold-window-remembering-the-nixon-lie-40-years-ago
The only good commie is a dead commie, right?
Jake will decide who fits the definition of “commie” …. and I will refer to Jake as Bob Welch (founder of JBS) every time he calls a commenter a commie …
Fun Fact: Jake’s JBS founder/hero is also a product of that bastion of commies … Beverly, MA , oh the irony!
Tea: Are you taking over Purdy’s role?
I think he’s been drinking his mushroom tea. No one knows what he’s blathering about, and the John Burch society has about as much historical relevance as his Democrat friends’ drinking club — the Ku Klux Klan.
PS — he may very well be Purdy. They are from the same zip code.
_____________
LOL! I just clicked on Teanutz’ link — that blog post he’s saying I must’ve read before putting up my post yesterday?
It’s dated TODAY. ROFLMAO.
______________
H50 … No, just trying to show you how far to the right Jake is … everyone to his left is a commie … hold your liberal thoughts.
No, Teanutz, just you, who thinks O’Bama hasn’t done enough damage yet.
I don’t know why you are so defensive about your socialist leanings. Embrace your positions or rethink them, that is your only option here.
__________
Is it left or right to think crony capitalism / oligarchy / monopoly on money creation is a bad thing? Just curious. I consider myself very fiscally conservative, socially on the left (in terms of social freedoms but not welfare), but I am against crony capitalism/oligarchy/monopoly of money creation. What does that make me?
The left-right political spectrum in this country is a crock – two halves of the same coin, and neither truly interested in liberty.
Sounds like you could be a member of the Old Right, and maybe an America First-er.
And for the record, the Left is not interested in social freedom – the left is only interested in power, control, and central planning.
Um, dummy, why don’t you go back and read the blog again, this time for comprehension? I actually linked to the article I was referencing.
It was in the Wall Street Journal. I know, I know — it’s a publication with which you’ve little familiarity, as it deals with business and economic news. All that math can be distressing.
Back to the Boston Globe with ye, for a Sawx update.
_____________
Please, let’s not cloud the issue with Facts!
The WSJ is a Murdoch/Fox enterprise these days … Barron’s suffices for the numbers.
Barron’s is owned by the WSJ (and therefore DowJones, and therefore Murdoch), Teanutz.
Geez, you keep making talking point gaffes like this and Dem Underground is going to revoke your pension.
________
No sheet … but it’s all stocks & numbers … harder for wingnuts to voice their opinion there.
I do recommend National Review. “John Birch” and shit is just you showing your advanced age, Teanutz.
Come out of the hippie fugue. The sun is shining out here.
___________
Jake,
What is it about sleep that you and Fly don’t like. It’s one thing for me to hang out at 8:00 Hawaii time while Mrs. 50 watches some boring reality T.V. show, but 2:00 Eastern Standard Time. Even when I was younger, I couldn’t do that. I hope you guys don’t burn out. Not being critical, just wondering how that might work out over time.
I have always been a vampire, since I was young. It sure was helpful in my younger IB days.
It’s probably not good for me.
___________
Actually JBS fits your ideology and the candidates your party puts out there for public consumption …. not very appetizing.
Whatever. Anyone who’s not a loyal slave to the Emperor, and bringing frankincense and myrrh to the royal chambers on Martha’s is a “John Bircher” to you.
Don’t you have a coffee house poetry reading to attend?
_________
You go any farther south and you’ll become a bible thumping red neck … I’ll remain Cape bound and rub elbows with the commies & capitalists thank you.
Don’t rub elbows with the capitalist running dogs too hard, comrade, you might get tagged for “fraternizing with the bourgeoisie” or something.
________
Funny that you parody the MSM talking point that pro-Constitutionalists (Birchers) are wingnuts. They are Libertarians.
Carroll Quigley (Clinton’s mentor) wrote a book about how the communist central bankers have used their power to change the world. Quigley was an elite insider who was proud of the work they have done, so he documented it.
If an insider tells the truth and documents it in detail, doesn’t that sort of mean the Birchers are right?
Very well said JG.. I enjoy seeing you stand your ground when those cherry bombs occassionally come flying over head from over yonder.
I actually enjoy the badinage.
I just hate having to repeat myself.
________
What do you expect from somebody who believes in Elliot Waves?
BTW 40 percent of all patients in the extended care facilities, in the good U.S of A, are malnourished and the above cotributes to increased mortality in that population.
I’d like to see your source data for that, for one. I do a lot of work with private nursing homes, and they are regulated out the ass. If seniors are “malnourished” it’s likely because they are having trouble with end of life feeding schedules. They are not being starved to death.
Second, the above mention speaks of people starving to death in National Health System dying wards in Britainistan. If we had 240 people die of starvation in private facilities here in the States, there’d be none left because the lawyers would have picked the industry clean by now.
Of course, in Britainistan, one cannot sue the State, so they’ve got that angle covered.
__________
I don’t need a great candidate. I just want someone who is sane, electable and not extreme. Is that really too much to ask. I don’t sleep either, but I do miss it.
I think Perry is very electable. He’s hardly “extreme” given the tenor of the country right now. Keep in mind, we are in primary season right now… he has to appeal to the base, which is “more conservative,” and he is successful (thus far) in doing so.
However, he’s got a lot of “moderate” in his background including doing some things which have pissed off the conservative base in Tejas. This is called “governance,” and shows executive acumen…. something that Obama had had no experience with going in, if you recall.
He’ll tack more to the center as soon as he gets the nom. Unlike Obama, he’ll actually be going back to where he really has been (more center right than hard conservative), instead of making up a new persona to sell to gullible voters.
___________
Perry….hmmmm….Well I certainly find him attractive what with his movie star good looks, and while I cannot say I know a lot about him, I do know that my ultra (extreme) conservative family members in Texas like him and that makes me nervous. And he is not making any friends by threatening to execute Ben Bernanke. I would call that a bit extreme….not to mention…lacking in “level headedness”. He may be able to win me over with his smile though.
Obama still clearly has no experience with “governance”…he seems to only avoid conflict. He is in the wrong job.
That sounded like I don’t like Perry, which is not the case, I am just not behind him, but that could change.
Those comments were taken out of context… he said “Play politics” w. the Fed moves, not specific to the economy itself.
_______
Jake i watched a documentary last year about a huge health charity that goes into impoverished parts of the world and gives people treatment. They take over a huge warehouse and people make their way from miles around and line up in the dark hours before they start taking in patients. The range of patients are diverse and quite horrifying. I remember specifically a young mother who had a treatable form of cancer yet had gone untreated because of her inability to pay for the exorbitant cost of treatment. She was dying.
What struck me was that many of these people were dying and suffering because they couldn’t afford treatment.
What was equally horrifying was that the documentary was shot in the USA.
For all its flows i prefer the European/Canadian health service model as it doesnt discriminate against the poor.
🙂
*flaws
A lot of people don’t go to the doctor until it’s too late, no matter what their health options. My father was in that category.
No one is turned away for health care in the US, that is a bogus argument.
If you prefer no accountability, long wait, none research-oriented health care systems run by bureaucrats, that’s your perogative. I wish you best of luck.
___________
My aunt was involved in a nasty car accident in Germany many years ago. She had a surgical procedure performed that was just barely in the expiremental stages in the US. US citizen in Germany, form or surgery that barely existed back home, 2 week hospital stay, etc.
Out of pocket cost… $400
Try that at home.
Things can be great when you draft off of American ingenuity — and investment capital. (among other things)
_______________
Getting back to the markets .. or am I on the wrong blog? 😉
uh, The Bernanke has crafted a plan to attempt a save for Eurolandescappenhoodle and lend a helping hand for what Mekel & Sarkozy cannot afford to do: bail out the looser [sik] members, aka da PIIGS; to wit; he is gonna temporarily destroy the $USD in an attempt at temporarily inflating the doomed $XEU/FXE (and US & global markets, by extension) to open a window for them to sell bonds. Iow, kick the can out another month or two & lets see what happens,
To sum up, this fakakta rally may still have legs. However, the piper shall be paid. Probably after September expiration or thereabouts, expect more (euro)shit to hit da fan.
Thumbs up for using “fakakta” you meshugannah Lawn Guylander.
_______
There is a reason Fly considers himself the BlogFather or whatever added moniker he uses to describe himself. He can generate some comments and that is good for the blog. I have no idea what the man stands for except making money. Every once in a while you’ll get a sense that he cares about something like family but typically he remains an enigma which I suspect is how he likes it. It makes for a blog that you will return to if only because you can’t turn away. And that is good for traffic and ultimately business.
The comments on Fly’s blog post last night is typically of a country that is bitter, embattled and divided. There seems to be little room for respectful disagreement of opinions. Not only here but across the web sewers. I didn’t agree with the liberal, statist rants in the comments but I restrain myself at least from vulgar discourse and petty name calling and smears. Common decency has simply not carried over to the Web.
I saw a report that indicated that Venezuela may begin repatriating their gold from US and Europe banks. Chavez is also transferring some of their reserves out of the dollar and sending the money to China, Brazil and Russia. There are some serious forces aligned against the U.S. and the dollar.
This got me thinking about gold and where nations are storing it. Can you imagine a time where a war could be fought over gold? So much debt around the world. What if countries decided to confiscate other countries gold. We went to war with Iraq. You would be hard pressed to come up with a scenario where the U.S. cares about Iraq if not for oil. Maybe one day gold will be just as important. It is easily just as scarce if not more so.
The issues that we face are fairly easy to solve. Cut spending and reform taxes. I should be able to send my tax information to the government on a postcard. Flat Tax. Fair Tax. I don’t care. Just broaden the base and make everyone pay for the privilege of living here. Stop using taxes as a political hammer. Stop with the social justice. I am simply sick of government.
Rant off.
Social justice cannot be achieved through tyrannical means. The two concepts are incompatible. Nice post as always.
I agree on the sniping, though I am guilty of it more often than not. You should read some Mark Steyn if you want some essays on the incivility of the age. Anthony Daniels (writing often as “Theodore Dalrymple”) is another great cateloguer of the decline.
___________
Mark Steyn is stellar in the current literary world. He is (one of) the only pundits that I will go out of my way to listen to on the radio or watch on TV. Unfortunately I haven’t had time to read his latest, After America. I have gotten pulled into The Hunger Games trilogy (yep, late to the party) while Samuel Adams: A Life is ready to be consumed as soon as I leave the “arena”.
I’ll have to check out Daniels.
I have Steyn’s After America flying my way in the mail as we speak… I opted for the signed copy coming straight from his New Hampshire lair.
_______
“And really, what can you expect from a country whose National Health Service had 239 patients die from malnutrition last year?”
What makes you think that the situation in the US is not as bad? Sick people loose appetite and most doctors are reluctant to force-feed people that seem mentally healthy and are given 3 meals a day.
Obama is a deceiver, who did not deliver on anything his campaign ran on. I wholeheartedly regreat my vote, and hate him more than any crony, hypocritical Repulican, because he betrayed me.
But vote for any water-preaching-wine-drinking populist Repulican just to punish the Dems,… no way…
I see both parties unfit to govern, My vote would make no difference, besides the places for the pork to be funnelled and the victims hit by ill-adviced legislation.
I am fed up with this two party dictatorship. Obama could not be more different than Bush II, but his reign feels so the same. I’ll probably waste my vote on any independent that srikes me fancy, like Rosaenne Barr.
(Yeah, call me hippie 😉
Again, if you think his “reign feels the same” you are not in business, and you have not been paying attention. It’s no coincidence that unemployment ramped and then flattened at “a new mean” and that our growth rate is the worst coming out of a recession since FDR’s day.
It’s called “Europenization” and it’s a strategic plan of the American Left. They are willing to barter economic conditions of Europe for the governmental control allocated there.
What they do not realize is that much of European utopianism is financed by American tax dollars and economic growth… both of which have been dropping like stones since we took their chosen path.
__________
“It’s no coincidence that unemployment ramped and then flattened at “a new mean” and that our growth rate is the worst coming out of a recession since FDR’s day.”
“It’s called “Europenization” and it’s a strategic plan of the American Left. They are willing to barter economic conditions of Europe for the governmental control allocated there.”
WOW!!!
WOW!!!
Well, I am paying attention, it is just different things striking me:
– Crushing of the american spirit. GOP does it by pandering to big (uninnovative) business, Dems tend to be anti-business by nature. The bureaucracy and laws that snare entrepreneurship are the work of both. e.g. http://www.economist.com/node/18712862
– The debt hole has been dug during repulican presidencies ( http://tinyurl.com/debtbypres ), but both parties like to spend. Yeah, there is the Tea Party now, but the historic evidence suggests that the budget would not look much different under McCain.
– Correlation is not causation. A sharp spike in unemployment and drop in growth just after a presidency can have two obvous causes: The fruits of nearly a decade of misgovernment by the fromer president, or severe misguided actions (or inactions) by the new president. I think it’s both + legislation from even older president that should never have been passed and was never corrected (or even build upon).
– I have lived in both Germany and the USA for many years, You can think the US-Government controls less than the German, my experience is different. I feel just as much unfree and controlled by a nanny-state in Germany as in the US, just in different ways of may life. In Germany at least they don’t pretend to live in the land of the free…
Thanks for the food for thought
>- The debt hole has been dug during repulican presidencies ( http://tinyurl.com/debtbypres ), but >both parties like to spend. Yeah, there is the Tea Party now, but the historic evidence suggests that >the budget would not look much different under McCain.
NO. Congress controls the purse strings so they control the debt. The President does contribute through his use of the veto, the bully pulpit, and by dictating foreign policy (i.e. wars) however look at the party that controls Congress if you want to see where the debt really came from.
http://tinyurl.com/4yqngh7
Notice the leveling off of the debt now that control of Congress has now split. In 2012, Congress will be completely Controlled by Republicans. Want to bet which way the debt curve goes then?
I’m in business, and not in Germany. Most of my clients are afraid to hire because they have no idea what a new employee is going to cost them.
Obama, et al, say they want “jobs, jobs, jobs” but all they do is throw up barriers to employment in this country. It’s the same w. Germany, and that’s why you’ve 10% unemployment in the Euro sector and 46% of people under the age of 35 living with their parents.
The Nanny state infantalizes.
__________
That is eating me, too.
Germany is slowly moving away away from that, lot of resistance though. No reason the US should go down that route now.
The living with the parents is partly a cultural thing. My parents live with my mom’s parents. While being able to afford their own home, they opted for expanding the old one.
In Germany you don’t need to stick with your parents, even if unemployed. Big Papa State is paying your rent….
Damning, looks like the Dems are guilty…
Nice charts here with everything in it. http://tinyurl.com/debtbypartiy
What strikes me (concerning Debt):
– Republican President + Democratic Congress = bad
– Democratic President + Repuplican Congress = good
Enough people voting for Barr, Nader, or whoever and they will split the Dems vote, guaranteeing a Republican admin.
Are their not enough billionaires out there to finance a third party candidate for purely strategic reasons?
I can only take so much and Obama overdid it. The GOP my not deserve it, but I want to vote f o r something, not against the Repulicans. Obama promised the world, delivered nothing, and even pushed further some of the Bush politics he said to abolish.
No way he gets a vote from me. I hope he will be remembered in disgrace…
“I’m not wholly convinced that the PM’s are quite dead or ready to roll over…”
Mine just got started. CGR = Boom! Madsen results still to come.
Claude Resources Inc. Intercepts 39.8 Grams of Gold per Tonne Over 10.0 Metres
True Width in newly Discovered L62 Zone at Seabee Gold Operation
JG, you don’t think AUY needs a little pull back here before heading higher?
I think we’ll get it… no rush.
______
JG – Any other blogs you like reading and would recommend? – I just realized I still have RSS feed for Karl Denninger and am sick of reading and feeling need to buy a bunker
You mean besides the PPT? 😉
I like Gary Savage’s Smart Money Tracker, though I don’t always agree w. him, and Jesse’s Cafe Americain is great too.
Checkout kitco.com for all kinds of good stuff.
As for political to the right stuff… I’m always checking Instapundit for quality commentary leads, and Powerline Blog, and National Reviews The Corner are quite good too.
_______________
Everything the Senator has said is correct, all of you are to be commended for learning from an obvious veteran on matters your lib-washed minds can only begin to appreciate.
As for the Romney bashing (i.e.) “there’s no one electable”, HELLO!, Mitt’s the front-runner.
Perry’s locus, TX, disqualifies him from a win. Mark my words! He C A N N O T win the 2012 cycle.
People really don’t like Romney because: 1) he’s sober; 2) he stands straight with good posture; 3) he possesses wisdom and 4) he would expect Americans to bring their “A-Game.” “A”merica doesn’t want this as we have been plagued by a Victim’s mentality, and we deserve the future slave reality that we have elected at the voting block the past number of decades (starting with the Kennedy’s in my Poly. Sci. expert opinion).
Oh yeah, I mean slaves. The “our grandchildren will be indebted” hackneyed expression of bum-politicians means SLAVES for the illiterates enmeshed in Clintonesque “is” PC double-speak.
The fact many that many of you don’t understand how most our identities have been sold to adversarial parts of the world via products called CDO’s, is your fault, not mine.
Great call auy
Thx, but wait for the pullback for more.
________