Week In Review

Quote of the week

“The mistakes made with excessive credit at artificially low rates are huge, and the market is demanding a correction. This involves excessive debt, misdirected investments, over-investments, and all the other problems caused by the government when spending the money they should never have had. Foreign militarism, welfare handouts and $80 trillion entitlement promises are all coming to an end. We don’t have the money or the wealth-creating capacity to catch up and care for all the needs that now exist because we rejected the market economy, sound money, self reliance and the principles of liberty.” – Ron Paul

Heller Decision Ramps Up Media’s Anti-Gun Hysteria

“For years, anti-gunners have claimed that there’s a gun-related epidemic in our country, and for once, they’re right. It’s not gun-related crime though. An epidemic is something that is common and spreading rapidly; gun-related crime has been diminishing for 15 years.”

“What is common and spreading now is a condition one could call ‘anti-gun anxiety,’ or AGA. Apparently, it has been brought on by the U. S. Supreme Court ruling in Heller that the Second Amendment protects an individual right to keep and bear handguns and other arms, and that the right existed before the Constitution was written and is not conditioned on a person’s relationship to a militia.” more…

Chess boxers slug it out

“A chess boxing match consists of six rounds of chess and five in the ring but it can also end suddenly in knockout or checkmate.” more… Also see The World Chess Boxing Organization. Yes, this is actually real.

It’s all about the numbers

“Economist Walter ” John” Williams has been following economic reports for more than 25 years. He knows how they are calculated and has seen changes in the government’s methodology for calculating them over the years. Most of these changes were made for the express purpose of presenting a more positive economic outlook, but Williams has maintained these economic reports with the original methodologies and presents them in his electronic newsletter ‘Shadow Government Statistics’ and on his Web site Shadowstats.com. He even keeps up the broad M3 money supply figure, which the Fed stopped reporting in 2006.”

“He knows where inflation, unemployment and Gross Domestic Product (GDP) really are and what the government is trying hard not to report. It is not a pretty sight but it is something all traders should know. In our conversation, Williams talks about how those reports have been altered, the real shape of our economy and why he thinks we are headed into a hyper-inflationary depression.” more…

Want some torture with your peanuts?

“A senior government official with the U.S. Department of Homeland Security (DHS) has expressed great interest in a so-called safety bracelet that would serve as a stun device, similar to that of a police Taser®. According to this promotional video found at the Lamperd Less Lethal website, the bracelet would be worn by all airline passengers.”

“This bracelet would:

• take the place of an airline boarding pass

• contain personal information about the traveler

• be able to monitor the whereabouts of each passenger and his/her luggage

• shock the wearer on command, completely immobilizing him/her for several minutes”

more…

Who Killed the Constitution?

“Today is the official release date for Who Killed the Constitution? The Fate of American Liberty from World War I to George W. Bush (Random House/Crown Forum), the book I wrote with Kevin Gutzman, the New York Times bestselling author of The Politically Incorrect Guide to the Constitution.”

“In a sense, our book states the obvious: the United States government today is restrained not by the Constitution but simply by a sense of what it can get away with.” more…

Green fuel, made at home

“In an economy held hostage by oil prices rapidly approaching the stratosphere, this Baytown-based alternate energy company has found a way to make substantial amounts of crude oil from farm waste.” more…

And now the numbers

DOW Jones Industrials – 11,100.54 (-188.00)
Wilshire 5000 – 12,635.43 (-180.04)
CSI 300 (China) – 2,953.50 (+211.65)
BSE 500 (India) – 5,226.85 (+64.92)
MICEX (Russia) – 1,622.01 (-44.74)
BOVESPA (Brazil) – 60,148.26 (+870.96)
Gold/oz – 960.60 (+26.80)
Silver/oz – 18.82 (+ 0.66)
Copper/lb – 3.74 (-0.121)
Oil/bbl (Brent) – 144.49 (- 0.04)
Wheat/bu (CBT) – 8.3075 (-0.5675)
Corn/bu – 7.0925 (-0.6775)
Rough Rice – 19.80 (- 1.00)
Dollar/Euro – 1.5945 (+0.0238 )
Yuan/Dollar – 6.8293 (-0.0249)
Yen/Dollar – 106.235 (- 0.50)
Dollar/Real – 0.6264 (+0.0026)
3 Month Treasury – 1.57 (- 0.26)
2 Year Treasury – 2.60 (+ 0.07)
10 Year Treasury – 3.96 (- 0.02)
30 Year Treasury – 4.54 (UNCHG)
Fed Target Rate – 2.00 (UNCHG)
U.S. Public Debt – 9,502,657,392,916.08 (+29594920718.93)

Have a great weekend!

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