WHY IS McCAIN RUINING THIS LADY’S LIFE? [more]
Author at Shrapnel writes good military and political related comment. I copied and pasted his post below. He writes weekly, candid, "bitting" reports with the wisdom granted by time and experience. He was a columnist for Col David Hackworth before Hackworth passed away. [more]
“Gas prices are too mother$*#^ing high,” declared rapper Sean Combs -- aka Puff Daddy, Sean Jean, P. Diddy or just Diddy -- yesterday in a YouTube upload.
“I do own my own jet and I have been flying back and forth to L.A. pursuing my acting career. Now, if I’m flying back and forth, like, twice a month, that’s like $200,000 or $250,000 round trip. F^&! that. I’m back on American Airlines right now.” [more]
"I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said..."
"With those mealy words, America's Depression-era president ventured from bad luck into treachery. The Executive Order he issued on the 5th of April 1933 confiscated Americans' private holdings of gold, then valued at $20.67 per ounce. Then, in January, 1934, the U.S. president fixed the price of gold at $35. All of sudden, Americans' dollars had been devalued by 69.3%.
Whether this act of nationwide larceny did the economy any good or not, we cannot say. It was not until after World War II that the economy fully recovered the spring in its step. And U.S. stock prices didn't return to their '29 highs until 1950.
FDR reneged on America's historic obligation to its own citizens; after 1933, they could no longer redeem their paper money for gold. Richard Nixon stiffed the foreigners in 1971; henceforth, if the French wanted to trade their dollars for gold they were out of luck."
- Bill Bonner [more]
"Fat, drunk, and stupid is no way to go through life, son." [more]
I am score leader on FNM. But I did not put any money in this stock, it is a "rigged" game, IMO. The accounting, the business concept, the lie that they "make housing affordable", the corrupt politicians and bankers supporting these GSE, etc.... How many times has the governement intervened to prop up this company? Paulson has showed up multiple times to juice this stock price. [more]
That which is ridiculous cannot go on forever. [more]
A great list to underperforms here, plus you might take a read to ensure your current bank is not on here. The full report contains about 5 pages of strong banks, 5 pages of weak banks. [more]
These are the best of times in many ways, despite the bear market, the collapse of the housing bubble, the falling dollar, recession, war drum beating etc..... The people of the world have never been freer to self determine their future, then now. The internet makes information near freely available to anyone with a computer and bandwidth. ie if you want to get an MBA, CPA, MCSE, CFA etc just log on study, qualify online and take the test. Being born with an American or European Passport is no longer the huge lottery ticket that it once was. The US and EU have some major competitor in BRIC. [more]
Ron Paul on Russia and Georgia in 2002 [more]
"But eventually the commodity bubble will be popped. The commodity bubble is the last bubble left by the reckless Central Banks monetary inflation and government overspending. When the commodity bubble pops, like the DeathStar explosion, you had better be clear." [more]
The video has some graphic pictures, but "war is hell" even if does not appear so, from the comfort of your living room sofas. I like the US even with its flaws. The guy who made the video does not appear to. So what.... There are some points in the video worth noting. Plus Rage against the Machine as background. [more]
I AM in 5TH PLACE in Points! [more]
"Hedge-fund managers may need comic relief. The industry is composed of unregulated investment pools that typically charge 2 percent in fees and reap 20 percent of profits. Hedge funds suffered their worst first-half performance in almost two decades, according to Hedge Fund Research Inc." [more]
"I got friends in low places." [more]
"Like Vader I sense danger in the commodity bubble. I have closed most of my commodity longs. So it will go for the First Commodity Bears, who attacks the Commodity Bull. The first ones in will be killed (ref my MOS, MON, POT calls). The guy, who times it right here in CAPS will be a hero and Top Fool, the way the previous Top Fool arrived by underperforming all the homebuilders and residential real estate. [more]
Not all lawyers are bad, it is just the 98% that make the other 2% look bad. The same can/should be said about stock analysts. j/k, sort of?
I have written about my contempt for stock analysts before, but Karen De Coster and Eric Englund do an outstanding job here [more]
“Give me control over a nation's currency and I care not who makes its laws.”
Baron M.A. Rothchild [more]
"Any and every American can be arrested by unaccountable authority, held indefinitely without charges and tortured until he or she can no longer stand the abuse and confesses. [more]
Meredith Whiney aka “The $360 billion dollar analyst” was on Bloomberg video (31 Jul 08) for a 10 minute interview. She is always worth a listen, since she appears to have a moral compass, and a brain which puts her above 98% of all “stock analysts”. [more]