Archive for the ‘Current Events’ Category

The FED is Creating Wealth out of Thin Air

Thursday, May 23rd, 2013

Hocus Pocus.

The FED has succeeded in creating a huge Stock Market rally by magically applying printers ink to endless rolls of paper. At least $ 85 Billion/ month out of thin air.

Can this last?

I have been sitting on the sidelines, watching this phenomenon.

A lifetime of economic rules, and logical economic forecasts have been turned upside down.

Used to be that the Market would signal the economic future six months in advance.

If the market went down, you could expect a weak economic future, and visa versa.

When you have a market driven by $ Billions every month, prices are driven by a printing press, and not by economic fundamentals.

The fundamentals are not that good, and certainly not as wonderful as the market rally of 2013.

I may have missed the ride up, but I learned many years ago, that you do not “PLAY” the market. You either invest, or you speculate/gamble( another way of describing a non professional trader)

Bottom line, dear friends. Be Very Careful.

The Market is not what it appears to be.

It has turned into a huge Ponzi scheme, and you the average middle class schnook will end up holding the bag.

Maybe not today, maybe not tomorrow, but it’s coming to a trading account near you

BEWARE!!

It must be great

Friday, May 17th, 2013

It must be great to break the law and get to retire with a pension and other perks rather than get sent to jail.

How do I get that kind of job?

Oh yeah,

Go to work for the Feds

Boston Marathon, Could the Bombing Be a Test Run?

Saturday, April 20th, 2013

Getting 2 expendable young men with a very misguided set of morals and priorities to do something stupid yet horrible sets them up as fall guys.

Do something dastardly.

Make sure you kill and maim enough to anger the American People.

Do it in a very public venue.

Set it up to be on live television.

Lets see what the Americans can do.

What technology is in place.

What procedures do the Americans follow.

Let them try to catch these stupid and expendable young guys.

If they get caught or killed, no big deal.

We’ve got a million more, just like them.

Then we’ll know what to do next time, with the big one, so we can do maximum damage .

All the American assets and procedures have been laid out in exquisite detail.

2013 NOT A CLIFF, BUT A VERY SLIPPERY SLOPE

Sunday, December 23rd, 2012

The current” Bull Market” galloping along on Wall Street, is now approaching 4 years and counting.

In the context of a very sluggish, limping U S economy, this “Bull Market” defies  conventional logic.

The markets gains have been fueled by several  non sustainable factors.

A gluttony of government expansion and spending coupled  with the various Q E ‘s ( so far 1-2-3-4) has injected unprecedented amounts of paper currency  into a very stagnant economic climate.

Corporate earnings have increased, not by business expansion, but by payroll shrinkage. The P/ E  ratios and earning per share have come at the expense of steady high unemployment.

As 2012 comes to a close, many companies have pared their overhead a low as functionally plausible. They  will be hard pressed to provide any semblance of  earnings growth going forward as they were able to provide in the past 2 or 3 years.

Beginning in 2009, the Fed initiated Q E 1  to buy distressed mortgage securities, later expanding it to include purchase of treasury bonds, all with newly printed $ ‘s.

The bond crisis in Dubai in late 2009 in which a default was narrowly averted, signaled a       “Every thing is not o k ” sign that the World economy was becoming over  extended.

In 2010 the flush of the massive U S stimulus  was beginning to fade.

The economic stability of Greece became a concern, followed by economic woes in Ireland, Spain, Italy, and Portugal.

The Government of France became Socialist, and the French economy has displayed  signs of distress.

The struggling World economy has spread to all corners of the Planet, with the fissures being  disguised behind  massive amounts of paper money being printed by Central banks ,  to keep money  cheap.

Since mid 2011, the economy has moved laterally yet the Bull Market continues to defy reality.

It is frightening to think that the softening World economy has spread despite  almost $ 90 billion per month of Fed spending on QE 3 & 4,the Euro Central Bank pledging unlimited bond support, and similar actions  being pushed by central banks of Japan and England.

The central bank of China has been forced to instigate several stimulus infusions to bolster the sagging growth of  Chinese businesses.

To Get Reelected, All Options are on the Table

Friday, June 8th, 2012

            Beware the
Ides of Fall

 

As the Presidential election looms ever closer, the
prospects for  the Presidents reelection
are becoming  more cloudy.

 

The economy is drifting.

 

Unemployment is stubbornly high.

 

The psyche of the Nation is in turmoil.

 

We are being divided along racial, economic, and gender
lines.

 

The hope and change he promised is a tragic joke.

 

There is a health care law that has been rammed down our
throats against our will.

 

Our allies have been denigrated and rebuked,

 

The Presidents philosophy  appears to be a form of National Socialism.
When he appoints Czars to work outside the framework of Advise and Consent, he
sends a strong signal that he is the Boss and will do what he wants.

 

In this framework of ego and control, the prospect of losing
an election is an anathema to the ruling party.

 

If the prospects for reelection continue to turn negative, I
fear that our system will be placed in jeopardy.

 

There are many things that a philosophically inspired leader
can do to change the course of a free election, especially when he feels that
he is doing them for our own good.

 

Power corrupts, and absolute power corrupts absolutely.

 

The progressives have plotted and planned for this President
and this power for many decades.

 

Spain’s
elections  were influenced  by terrorist attacks in their subway system 3
days before the election.

 

FDR was a war time president who could not be defeated.

 

The plotting of the Jews to take over Germany
gave Hitler a path to gaining power.

 

History is filled with examples of acts of “god” that
influenced the course of human affairs.

BEWARE THE IDES OF THIS FALL

 

 

This Fluke Smells Very Fishy

Monday, March 5th, 2012

The creation of a National hysteria revolving around a woman’s  ability to afford a $ 2.00 condom or a $9.00 purchase of birth control pills is fishy at best.

The fact that the woman is a $ 40000.00 / year Georgetown Law School student , living a free and easy life while working towards a post graduate job at some liberal law firm of political activist political committee  seems to be somewhat of a fluke in the context of modern society.

Your sexual activity and sexual orientation is your business.

Do what you want,but leave the rest of us alone.

We don’t care what you do in your bedroom, I pay for my private life, you pay for your’e.

You can “burn your bre, I will burn my underpants, .”

You don’t care about my actions, I sure don’t care about yours.

You would never have been my type, and I was never desperate enough to…well better not go there,  the press might jump on my case too.

A Perception of Our Future, The Good * The Bad* the Very Ugly* View # 3, The Very Ugly, part 2

Saturday, January 21st, 2012

The 7th year of the reign of Emperor Obama, begins with the passage of the Declaration of  Social Equality Act.(D S E A)

The Tea Party Rebellion of 2013 had  been crushed by the Emperor’s Red and Purple Berret’s..  The fighting had lasted fpr almost 18 months, with the Rebels finally  being forced from most cities and towns.

On the East Coast, the rebels had taken refuge in various mountain communities stretching from North Georgia to Western Virginia.

 The repeated warnings by right wing media on radio and the internet had prepared many for thr necessity to develop survival skills.

Sadly most of these voices had been stilled, but the message survived and resonated .

Conditions in these mountain strongholds is comparatively primitive, but their motto” Freedom ,Equality, Responsibility” , was the rallying cry of Liberty loving Americans.

The Progressives had attempted to confiscate Gold and Guns from the general population , resulting in numerous acts of violence.

The battles in the streets of American had spawned violence and death on a scale not seen since the Civil War.

The Emperors Red & Purples had been trained in tactical house to house combat. The Green Tea militia was fragmented and hard pressed to defend themselves against the relentless encroachment on their liberty.

The families of freedom loving Americans packed their cars, hitched up their trailers, and sadly but resolutelu said good bye to their homes and headed for the safety of Tea Top refuges in the mountains.

The GDP a Myth of Biblical Proportions

Saturday, October 29th, 2011

     When the Government dilutes the money supply by printing fiat currency, the result is inflationary.

     In the case of the Federal Reserve , the printing presses are running so fast and furious, that they have already worn out 2 sets of printing presses in the 3 years of the Obama  reign.

     The inflationary pressures are a constant push on prices and a depressant on the purchase power of the American dollar. It takes more and more dollars to buy less and less items.

     Anyone who is responsible forgoing to the grocery store, realizes that the same number of shopping bags, now cost more almosrt weekly, and they also note that much of the packaging has been changed to shrink the amount in the package , while attempting to hide behind a larger box or other creative packaging.

     Yesterday, the Government announced an increase of 2.5% in Gross Domestic Production(GDP) for the 3rd quarter of 2011.

     That announcement coupled with the  European bail out of Greece (another fiasco, that will result in more and more bailouts, and  more and more unbacked paper currency in Europe..Inflation is a many splendid thing..or not!) , sent the stock market soaring.

     It always suprises me, that the so called sophisticated traders and investors can misread the news so dramatically.

     The inflation that is creeping into our economy makes everything more expensive, resulting in more spending for the same items. Hence an increase in GDP….What? We are being burried under paper, our standard of living is dying one paper bill at a time, and the world rejoices at the wonderful news.

     No double dip recession, the economy is growing!

     No default in Greece, the presses are working overtime around the world.

     The real tragedy of this fiscal disaster is that  there is abundant paper and ink. Perhaps the presses will overheat and refuse to continue printing, or perhaps society will decide that accepting printed paper in exchange for food and shelter is a bad idea,-

Ignore history and it will bite you in the butt, a Parable about Behavioral Insanity

Friday, September 23rd, 2011

Economic History

Then & Now

A Parable about reckless behavior.

If we deny history

We are destined to repeat our mistakes.

 

 

The Roaring 1920’s and the economy

                            a 

                 Forest  Parable

The 1920’s and the Roaring economy

Study history so we don’t make the same mistakes again

                                    by

                      Charlie Champion  

The forest was filled with a cacophony of  excitement .

Times were good, and the living was easy.

Several years of plentiful rainfall, moderate winters,  and warm nurturing Springs had turned the forest  into a virtual paradise . 

Food was plentiful.

 The predators had been hunted nearly to extinction by the two legged’s. Those that were not killed had left  for the deep unknown forest  far far away.

The cries, squeaks, craws et. al., of the new babies filled the air .

No predators meant bigger families, but the bounty provided by Mother Nature kept all, well fed. 

The wise old Badger was the local  leader, but his stories and warnings were causing the younger animals  to loose patience . He had lived a long life and was experienced in the  ways of nature . He was concerned that the bad times would come back. The younger animals who had never experienced  the fury of Nature ,refused to believe him..

“Yes my friends.” he warned, ” many of you are young. You do not remember the hard times from before.”

He looked around the clearing.” The Winters are not always so easy. There have been many years when we’ve been plagued by severe drought. ”

   He shook his head sadly,”When the streams dry up, then hunger comes to the forest.”

” Oh go on old man!”  Patty Bunny stamped her foot.” Who has time for sad old stories. Old stories are boreing.”

” Don’t say that,”he responded sternly.”To ignore history is to run the risk of repeating your mistakes.”

“Boo on you” said Ronnie rabit.

“Enough already ,” rasped Willie Weasle,” Lets live the good life. It’s time to party.This is the way it’s always going to be.”

“yada ,ya, ya” They hopped off giggling  and whispering.

Several months passed. The Summer was a distant memory.

A large volcano errupted off the coast. The sky was turned grey almost 750 miles distant.

The weather patterns were  changed. A noticeable drop in temperatures became apparent.

The wild fruits and berries never fully ripened, the tubes and bulbs were underdeveloped.

It was 4 or 5 degrees colder, and..  it it almost never rained.

Food became scarce . No one was prepared.

There were not enough stored acorns.

No stockpiled food.

Shortages developed almost overnight.

And the predators returned!!! Driven by hunger spurred by the drout and the very cold winter.

The happy well fed party generation disappeared in an avalanche of change.

Painful change.

Society altering change.

The 1920’s and the Economy

Want to read more?

Just ask.

The Relationship of Economics to History II

Friday, September 23rd, 2011

Economics is a way of keeping score.

Economics is the way we are able to feed ourselves.

Economics is the engine that drives history.

The quest for quantitative gain, either in wealth or sustenance has been the propellant for most wars,  the march of  invading armies, and the annexation of  neighbors lands.

Economics is the fuel which drives society.

From the beginning of human history, people banded together first in clans, and ultimately in tribes and later nations, all with the original need to feed and protect.

To control the source of food and to allocate its distribution was an economic power that could decided life and death.

As society evolved, the symbiotic relationship  economics and history strengthened.

Today, the state of our economy has once again devolved to a more basic level. The days of indiscriminate spending on increasingly absurd possessions are fast disappearing.

Now we have turned into a dependent society.

We expect to be taken care of,,

Thank god for Obama and his Progressive minions.

Our needs are no longer our responsibility.

Pay my heating bills.

Buy my food.

Provide my health care.

Subsidize my rent.

Pay me not to work.

Life is good.

Life is easy

etal……