iBankCoin
Joined Apr 19, 2009
721 Blog Posts

Had Enough Yet?

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Some might be characterized as “half-truths.”

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Some as blustery bullcrap…

[youtube:http://www.youtube.com/watch?v=KQLXydnGbfk 450 300]

But then there’s the outright evil, completely in bad faith falsities.

Had enough yet, America?  Time to get serious again.

A simple primer, set to annoying music, for the kids:

[youtube:http://www.youtube.com/watch?v=HDRA3XFfDr4&feature=related 450 300]

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(* Special Note:  The Gentleman at 3:05 is not Barack Obama.)

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Breaking!  Samsonite Hamburglarette wants to become a College Perfessah (sic):

[youtube:http://www.youtube.com/watch?v=obTNwPJvOI8&feature 450 300]

(these things never get old!)

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The Big Lie, Part CLXXVIII

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This will have nothing to do with stocks, or the market, save for peripherally, so if you want to “Move On” to another blog post, I won’t be offended.   We are in electoral season, however, and I wanted to address a point that came up in tonight’s thread (previous post).

This would be the false contention that many registered “Independents” (really Dem leaners) will fall back upon in which they claim they are “socially liberal” and “fiscally conservative,”  and therefore cast their vote with those precepts in mind.

You would think this would make many of them libertarians, then, no?  Is this not the definition of a libertarian — that one only wants to be left alone, so as to better invest and spend their own hard earned lucre in the most beneficial and economic methods available to them?   “Live, and let live,” so to speak?

And yet, largely rational humans will  usually provide this explanation in order to justify voting for the greatest statists this country has ever seen.   Totalitarian monsters like Barbara Boxer and Nancy Pelosi, who would not only interfere in the ability of these rational actors to save and invest their earnings as they might see fit, but who would also direct their private and personal health care choices from a top down centralized bureaucracy (see above), with little thought to the ultimate consequences such a system might engender here, save for its convenient use as a power aggregator.

I mean, presumably these same rational actors who claim fiscal conservatism have been exposed to other “top down” centrally-directed government systems at some point in their lives.   If they are lucky, it’s only been the Postal Service — perhaps the most benign of our Federal bureaucracies.  If they are in business, however, they may have had to reckon with the FDA, the Department of Agriculture, the EPA, or God forfend, even the IRS.    

Can rational actors ever claim a pleasant experience from dealing with such bodies?   And yet, these “social libertarians” will embrace politicians who seek to impose greater and greater bureaucracies such as these on our individual lives, as “the lesser of two evils” over economic libertarians who see such impositions on our freedoms as not only antithetical to our concepts of freedom, but highly impractical and inefficient for the growth and general welfare of our free society.

And why?

Because they have been led to believe that those same people who believe in basic Constitutional freedoms — the Founding principles, for want of a better term — over statist central authoritarianism, are also seeking to impose some kind of “theocracy” on their lives.  

What is their main jambon of evidence?   The now 40-year old abortion debate.  

No question this is a hot issue, and I don’t think it’s going to cool any time soon, especially with the increasing advances of medical technology that drive external fetal viability to earlier and earlier stages of development.   But it’s sometimes difficult for me to believe that intelligent and rational people cannot see the link between lovers of liberty and lovers of life.  

Perhaps it’s because I’m a parent, but I do not even see this as a religious issue.  It’s a moral issue, to be sure, but only in the sense that any crimes of violence  against a citizen are moral issues.   Just like an assault on a dog, or a horse, or any innocent creature would be considered a moral issue. 

But because of some clever marketing, in certain “bluer” areas of the country, it’s become de rigueur to believe that conservatives are closet “theocrats” because they believe a gestating human life should not be considered extinguishable, and rather should be protected like any post-partum child would be.  

Never mind if it’s integrated with a belief in economic freedom, private property inviolability, and the rule of law– a fealty to innocent life is considered an automatic disqualifier to a large part of the population who have been convinced this tenet marks a coming cessation of freedom.

The irony, of course, is that the greatest freedom eaters we’ve ever elected use this issue to trumpet their false “libertarianism.”   In effect, they are providing our “social libertarians” a trade — responsibility for freedom, in equal measure.   You will receive bread, you will receive circuses, and you will hand over the keys to your lives.

But if you believe in the freedom of the individual, you are given a responsibility to every individual.  And yes, that means you are to feed the hungry and visit the sick.    But it also means that you are responsible as a society to protect every innocent, no matter how forgotten… or inconvenient.   I don’t think this means you have to be “theocratric,” dogmatic, or even the slightest bit religious (hat tip to Nat Hentoff, btw)….

Just “responsible.”   

Time to shake that Baby Boomer “eternal kid” thing, people.   This is part of it.

Kirk out.

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So it’s not

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The Crackboys vs. the Boxer

Romo hammered

This is good…

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This might be even better….

[youtube:http://www.youtube.com/watch?v=b8XVMU5obkc&feature=related 450 300]

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C’mon California!  The Giants have done the hard part and dispatched the Crackboys for you.   This leaves the NFL safe for Niner and Charger domination.   Who knows?  Even the Raiduhs are showing signs of life…

Now all you have to do is get rid of Barbara Boxer and reclaim one of the greatest states in the Union.

I know you can do it.  God speed.

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If you were on The PPT today, you saw that I added a tonne of metal back to my portfolio.   AGQ, EXK, GSS, IVN, RGLD, and even FRG were all added at favorable prices.

I also got rid of the last of my hedges at a slight profit. 

Last, I added to my PBR, my favorite long term earl play.   Yes it’s Brazilian, and someday it will be worth a Brazilian bucks to my family.

That is all.   Keep watching that dollar.   My best to you, especially those people in Kelly-Phonia, who can once again give direction to the U.S. with the right move here.

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Thank You, Great Pumpkin

 Great Pumpkin

[youtube:http://www.youtube.com/watch?v=CwpdGyIY2fQ&feature=channel 450 300]

This is pretty incredible, especially considering it’s from CBS’s 60 Minutes…  Watch the whole thing if you can.  Sobering.

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Feel free to pay attention to all the goings on in this weekend’s G-20 Meeting in Seoul, South Korea.  It’s said they will “contain” this current race-to-the-bottom devaluing fest we’ve seemed to have ignited in order to keep our mortgage market afloat.

I have other ideas, however.

I will instead sacrifice a small goat in a special backyard Harvest Celebration in hopes the the Great Pumpkin will descend into my wife’s tomato gardens, and fix all of our U.S. currency iniquities without locking us up in a stockade in the Hague or sending us to plantations in Dominican Republic to hack tall cane for short beer.

I really believe this is the wiser strategy, and what’s more, it seems goats are running three for six dollars down at the Kroger this weekend.  That leaves two for milking as a bonus.

The dollar markets are already returning to form this evening, and they are down below $77, again, as I type this.   Here’s what’s got me scratching my ribcage like I’ve got a needle-sharp case of the Shingles:

The prospects for the plummeting dollar may change by tomorrow morning, but as for now, I’m planning on giving thanks to the Great Pumpkin (a god as powerful, some say, as the Turkey gods themselves!) and putting back on most of my precious risk trades….

And mooooooooaaahh!

And yes, that includes going back to AGQ, and adding to all of my silver hordes, including EXK, PAAS, EXK and maybe even some MVG.   I will also be adding IVN as mentioned, and more GSS, and RGLD if I can get it quickly enough.

Watch yourselves this week, folks, and watch that vid to get a taste of where we really are these days.   My best to you all, especially my friends in California.

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Dr. Bernanke Sings to his Girlfriend…

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… Miss America

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So, you want to trust Dr. Ben and his dollar action today?

Cause, I’m gonna tell you… that was some weird stuff today, kids.   Weird action.   Like as in “head-fake action.”

Maybe even “trying to break the buck action.”   Yeah, we all remember how Soros made his first billion, right? 

You think anyone else took notice?

So, I ask again.. you feeling lucky, punks? 

A couple of baubles for your thoughts.  This first I do not own yet, and it’s in the speculative (ie, “non-producing”) gold mining sector:

This second is also not recommended, even though I did buy it today, mostly out of a sandy chagrin caught in the back of my esophagus, borne of my missing the recent moves in REE, which I didn’t buy last week, when I should have.  This is a lesser “rare earth” variant thereof, which I took a very small starter position in today, as per my announcement in The PPT.

Keep in mind this one is overbought, and possibly more important, it rhymes with “barf.”

Best to you all.

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What’s Going to Work Next?

Tex Hurt 

Not my Yanks, that’s for sure
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Drawdown days are a bitch, I don’t care how well hedged you are. Some of my positions took 7 and even 8% haircuts today, but mostly that was the small ones. The bigger ones were hedged, so the bleeding was not entirely egregious. I was almost entirely out of my AGQ with only 400 shares left, so that was not a horrible caining I took even in that double slammer today, given I formerly owned 3k shares.

Word to the wise, the $HUI index is oversold already on the deep dive it did today, so I would not dwell long in the land of shorting this gold bull.  You are far more likely to receive  profitable thrills by waving your junk at a basket filled with hungry ferrets.

Of all the single precious issues out there, I like IVN and GSS to rebound first.  Don’t ask me why, just attend to my Spider Senses.   I also like almost precious REE, if it ever comes back down to earth again.  

In the non-metals world, I still love the Trannies and their strength here, relative to the scaredy cat sell off.   I especially love UPS, and you should look to add to this core holding if it can dip just a little below to it’s 50-day EMA at $66.60 or so:

RGLD is another core hold  you should be looking to glom here.   I will be adding to it, to ANV and to SLW very shortly. 

Watch the dollah!   More tomorrah!

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