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By Michael, on May 16th, 2013 Guest Post: J Vanne 
It is the slightly stunted growth of Johnny and Susie that bothers me the most. Heck, they’re just children. I don’t mind – at least not a lot – the constant waiting in long lines for our rations. I know everyone has to do it. Or at least those of us that are not politically connected. I heard a line the other day from an elderly man who had escaped from Communist Poland in the 1980s that struck me as sadly applicable – “When socialism comes to the Sahara, there will even be a shortage of sand.” Here in California, I don’t think we need to worry about a shortage of sand – but perhaps everything else. Of course, it is only temporary, they keep telling us. I didn’t know “temporary” could last so long, but I guess I need to continue to trust our all-knowing leaders.
I often wonder what the Hollywood types think. The other day I listened to yet another speech by Tom Hankers about how our Dear Leader needed – due to the economic crisis – to suspend elections, and how it was for our (Read More....) . . . → Read More: July 24th, 2026: Confessions of a Former “Yes We Can” Chanter
By Michael, on May 13th, 2013  By MN Gordon, Economic Prism
On Tuesday something incredible happened. The Dow closed above 15,000 for the first time ever. What a joy to be alive and bear witness to the great miracle of our time.
Whereas just 100 years ago the new marvels were flying machines and bucolic indoor plumbing…these days we have iPads and Dow 15,000. Without question, iPads are quite marvelous. Without question, Dow 15,000 is quite grotesque.
Without question, extreme government price fixing of money has blurred the line between real economic growth and the illusion of economic growth. Often times it’s difficult to tell the difference. Yet sometimes the difference becomes crystal clear as misallocations of capital reach extremes…
Consider the dot com bubble of the late 1990s. Or the housing bubble of the mid-2000s. These first appeared to be reflections of real economic growth. Later it became crystal clear they were illusions of economic (Read More....) . . . → Read More: Coming Uncorked
By Michael, on May 9th, 2013  Guest Post By J. Vanne
This is from Martin Luther King’s Letters from a Birmingham Jail (found a thousand places, including http://www.africa.upenn.edu/Articles_Gen/Letter_Birmingham.html The below is an excerpt, and not full context (you can read it at the link above, but it is long-ish). But I believe I am doing the letter full justice by applying it to the leftist elite today, who reside in DC and other enclaves, forcing – at latest count – 48 million onto food stamps, having created a student loan bubble of$1.1 trillion, and a national debt that is either $16 trillion, or $62 trillion per USA today one year ago, or $212 trillion , per Lawrence Kotlikoff at Boston Univ. (Read More....) . . . → Read More: How ML King Letters from a Birmingham Jail Might Apply Today
By Michael, on May 8th, 2013  by MN Gordon, Economic Prism
The Labor Department reported last Friday that 165,000 new jobs were added to the economy in April. That’s nothing to write home about, you’d think. But, nevertheless, the mainstream press got excited because it was ‘better than expected.’
On top of that, Wall Street went bananas. The Dow closed the day up 142 points and the S&P 500 ran up above 1,614…to a new all-time high. On surface, it appeared really great things were happening all around.
Yet, for some reason, we couldn’t seem to grab a hold of the good cheer. Why’s a jobs report that barely keeps pace with population growth cause for investors to jump and stomp around like Oakland Raiders fans? Shouldn’t it take double that – or more – before they bang the pots and pans?
Once the dust settled, one critical thing (Read More....) . . . → Read More: Another All Time High
By Michael, on May 3rd, 2013
 By: T. Shelton
WARNING: A section of this article contains graphic content about abortion that may disturb some readers. Reader discretion is advised !!!
Introduction
The United States is in decline financially, morally and politically. Sadly, the three historical cities that built this nation is at the forefront of this decline.
First, Boston gets bombed during a marathon on the same day the Boston Police had a bomb squad drill. Then the city went through martial law to find the suspects.
Second, (Read More....) . . . → Read More: What Is Going On In America’s Most Historical Cities?
By Michael, on May 2nd, 2013  Guest Post JV
“Socialism (literally, government) is the great fiction, whereby everybody endeavours to live off of everybody else.”
- Frederic Bastiat, 1801-1850
David Sirota recently penned an article about the Boston Marathon bombing, while the victims were still bleeding one day after the attack, titled “Let’s hope the Boston Marathon bomber is a white American.”
http://www.salon.com/2013/04/16/lets_hope_the_boston_marathon_bomber_is_a_white_american/
Of course, Sirota’s reason is simple – he did not want “slander” of Islam, or by extension, any other minorities. Leaving aside the simple question of whether the Qu’ran is violent or not (I have read it twice, and indeed it is – and in fact was (Read More....) . . . → Read More: The Nature Of The Socialist Un-Vision
By Michael, on May 1st, 2013  By MN Gordon, Economic Prism
Tomorrow’s the first day of May. You know what that means… If you follow the old adage, ‘sell in May and go away,’ you should sell your stocks. It may be hard to believe, but this is more than just a catchy rhyme. This advice actually has a good track record.
In fact, most years this has turned out to be a successful strategy. According to the Stock Trader’s Almanac, if you invested $10,000 in the Dow in 1950 and held the money in stocks from November through April each year, you’d have had $684,073 by the end of 2011. But if you’d invested that same $10,000 in the Dow in 1950 and held it from May through October each year, by the end of 2011, you’d have lost $1,024.
That’s quite a dramatic difference, wouldn’t you say? Yet if you’re still not ready to sell, there are several other reasons for easing up on stocks you may want to (Read More....) . . . → Read More: Tend to Your Garden
By Michael, on May 1st, 2013  Guest article by T. Shelton
I was reading the Detroit News today and came across an article named “Popular new meme pokes fun at young white professionals moving into Detroit“. I thought who has said some racist crap now to piss off the Creative Class. Everybody knows that criticizing the Creative Class is the equivalent of “hate speech”. And, this gives them an excuse to go run to the media and government to call more for “(Read More....) . . . → Read More: “White Entrepreneurial Guy” pokes fun at the Creative Class!
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Another All Time High
The Labor Department reported last Friday that 165,000 new jobs were added to the economy in April. That’s nothing to write home about, you’d think. But, nevertheless, the mainstream press got excited because it was ‘better than expected.’
On top of that, Wall Street went bananas. The Dow closed the day up 142 points and the S&P 500 ran up above 1,614…to a new all-time high. On surface, it appeared really great things were happening all around.
Yet, for some reason, we couldn’t seem to grab a hold of the good cheer. Why’s a jobs report that barely keeps pace with population growth cause for investors to jump and stomp around like Oakland Raiders fans? Shouldn’t it take double that – or more – before they bang the pots and pans?
Once the dust settled, one critical thing (Read More....)
. . . → Read More: Another All Time High