Week in review

Quote of the week

“There’s nothing the federal government does that I value anywhere near as much as it costs. I would gladly choose a private, voluntary alternative for nearly every so-called ‘service’ The State provides. I even think it screws up national defense, creating more enemies for me than it actually kills or constrains.” – Perry Willis

America’s Impending Master Class Dictatorship

by Stewart Dougherty

“At certain times, focusing on the big picture is important not just for investment success, but for personal welfare, and even survival. We believe such times are here. It is estimated that 98% of Americans have never held a gold coin in their hands. Yet 100% of Americans regularly handle Federal Reserve Notes. From a contrarian standpoint, the financial message from those two statistics is clear. Even so, gold is much more than money or an investment medium; it stands for liberty and throughout history has facilitated escape and ensured freedom. Never having touched a gold coin is the monetary equivalent to never having breathed fresh air, felt the warmth of sunshine, looked up at the stars or risen from the gutter. Fiat Federal Reserve Notes are becoming nothing more than sewage decomposing in the vast, toxic septic tank of predatory Washington politics, epic Federal Reserve arrogance and error, blatant Wall Street fraud and outright Master Class plunder. Below, we outline America’s troubling and compounding predicament, and urge you to think about how to protect yourself from its consequences, both financially and personally.” more… [Highly recommended.]

In Defense of Sedition

by Thomas J. DiLorenzo

“Time magazine’s Joe Klein recently appeared on a Sunday news show where he accused Glenn Beck and Sarah Palin of “sedition” because of their criticisms of the Obama administration’s expenditure of trillions of dollars of corporate welfare in the form of bailouts; its Soviet-style nationalization of automobile, banking, student loan, and mortgage industries; its historically wild spending and borrowing binge; its forcing of socialized medicine down our throats in the face of overwhelming public opposition; and its plans to tax American capitalism into bankruptcy. Anyone who criticizes such things should be thrown into the Gulag, says Klein. Another talking head on the same television show as Klein screeched that Rush Limbaugh should also be indicted for “sedition” for the crime of criticizing King Obama.” more… [Also highly recommended.]

We Refuse!

by Michael Boldin

“For a hundred years, we the people have been suing, and marching, and lobbying, and voting the bums out – but yet…year in and year out, government continues to grow and your liberty continues to diminish – and it doesn’t matter who is the president, or what political party controls congress – the growth of power in the federal government never stops.

“The problem we face today is not about personalities or political parties – it’s about power. Until we address the absolute fact that the federal government has too much power, things will never change.” more…

State’s Tentacles Choke Freedom at Every Turn

by Robert Higgs

“What of any consequence remains beyond the state’s reach in the United States today? Not wages, working conditions, or labor management relations; not health care; not money, banking, or financial services; not personal privacy; not transportation or communication; not education or scientific research; not farming or food supply; not nutrition or food quality; not marriage or divorce; not child care; not provision for retirement; not recreation; not insurance of any kind; not smoking or drinking; not gambling; not political campaign funding or publicity; not real-estate development, home construction, or housing finance; not international travel, trade, or finance; not 1,000 other areas and aspects of economic and social life.” more…

Are You Prepared for a 30 Day Shut-Down?

by Code Name Insight

“Say you cannot work for 30 days, the health officer quarantines you to your home for 30 days due to a deadly disease outbreak, or the grocery stores are empty for 30 days. Could you survive? For most people, the answer is simply no. For most people, they think such a thing could NEVER EVER happen so they don’t even plan for it (besides, they know the government would come in and save them). For other people, this thought has crossed their minds more than once and they have some sort of plan in place to deal with it.” more…

Are We a Self-Hating Commercial Society?

by Jeffrey A. Tucker

“At the grocery store, I was assured that I would save the planet by purchasing this cereal and that bag of potato chips. If I bought this instead of that coffee, I would help poor peasants in some far-flung place achieve social justice. Some pennies from a sports drink were supposedly donated to cure muscular dystrophy. My coffee cup is so socially aware that it saves trees and thereby stabilizes the global temperature. If I use the following search engine, I help fund charities that are making the world a better place.

“I have two reactions to all this static interference on what would otherwise be the clean lines of commercial society:” more…

Regulars

Politics and Such

  • Tourism: the new human right.
  • Goldman Sach’s put options soar on the day the SEC lawsuit was announced. Turns out Friday was also an options expiration day. You could have turned FRN$1000 into FRN$1 million in one afternoon had it been well-placed.
  • China to lend Venezuela FRN$20 billion for oil supplies, half of which will be paid in Yuan.
  • Economic impact of Icelandic volcano. It’s interesting to consider how connected everything is.
  • More on Peak Oil and potential shortages by 2012.
  • Oklahoma passes Firearms Freedom Act.
  • Meet the Patriots: Southern Poverty Law Center’s list of undesirables.
  • Hide the Decline. Music video part II. Parody of Michael Mann of Climategate fame.
  • Nearly 80% of US citizens don’t trust the Feds.
  • Tea Party goers split on Paul vs. Palin.
  • Radical Islamists warn South Park creators they could face “retribution” for depicting the prophet Mohammed in a bear suit. I suppose they didn’t watch the show because SANTA WAS IN THE BEAR SUIT ALL ALONG!!! CNN has a somewhat interesting piece. You can watch the full episodes here. Look for #200 and #201.
  • Oppose the VAT. They are denying considering it therefore the proposition is coming.
  • Greece to seek €30 billion bailout.
  • Incompetents as SEC surf porn instead of doing their jobs. Conclusion: give them more power.
  • MSNBC comes out against the Fed and scam that is the US financial industry. Wow! When Grayson starts talking you can turn it off.
  • Copyright matters. Video. 15 min.

Education

And now the numbers…

DOW Jones Industrials – 11,204.28 (+185.62/1.68%)
S&P 500 – 1,217.28 (+25.15/2.11%)
VIX – 16.62 (-1.74/-9.48%)
CSI 300 (China) – 3,190.003 (-166.329/-4.96%)
BSE 500 (India) – 7,049.62 (+64.00/0.92%)
MICEX (Russia) – 1,467.62 (-27.46/-1.84%)
BOVESPA (Brazil) – 69,509.492 (+88.14/0.13%)
RICI – 3,305.28 (+23.74/0.72%)
Gold/oz – 1,153.70 (+16.80/1.48%)
Silver/oz – 18.223 (+0.548/3.10%)
Copper/lb – 353.05 (-0.50/-0.14%)
Oil/bbl (Brent) – 87.25 (+1.26/1.47%)
Wheat/bu (CBT) – 505.50 (+3.00/0.60%)
Corn/bu – 361.00 (-13.00/-3.48%)
EUR-USD – 1.3384 (-0.0118/-0.87%)
USD-JPY – 93.972 (+1.799/1.95%)
USD-BRL – 1.7564 (-0.0018/-0.10%)
3 Month Treasury – 0.15 (UNCHG)
2 Year Treasury – 1.07 (+0.12/12.63%)
10 Year Treasury – 3.81 (+0.05/1.33%)
30 Year Treasury – 4.66 (-0.01/-0.21%)
3 Month LIBOR – 0.32 (+0.01/3.23%)
U.S. Public Debt (official) – 12,872,601,270,864.40 (-2,017,495,214.90/-0.02%)
Baltic Dry Index (BDIY:IND) – 3,013.00 (+4.00/0.13%)

Whew! What a week. Finals next week. Been studying like crazy.

Little Wife had to work night shifts this week. Badness… Baby Girl misses her mama at night. Her and I do good though. She’s really enjoying the time we spend playing fetch with the dogs. We’ve been playing with her blocks too. Multi-colored various shape things Auntie got her for Christmas. She’s almost crawling. Actually she has crawled a few strides here and there, but it’s not on demand yet.

Mowed the lawn today. First time since pre-Winter. Mowing sucks. Raking sucks. Lawns are goofy. Everyone else’s law looks better than mine. I don’t care.

So it’s more studying all weekend long. Jordon Forms and Markov Chains tomorrow. It takes a good amount of effort, but it’s interesting stuff.

That’s all for now. Have a nice weekend!

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