Quote of the week
“Gold is nature’s money. It is better than manmade money. Because, with gold, what you have is what you’ve got. They can’t artificially depreciate it or easily increase the quantity of it. That’s why the feds don’t like it. It won’t support their cause du jour – whether it is a war, a bailout, stimulus, health care, or whatever. Gold doesn’t cooperate with the financial engineers. That’s why it’s a good thing to hold when you think the financial engineers are making a mistake.” – Bill Bonner
“[T]he Nixon era was a time in which leading figures in both parties were capable of speaking rationally about policy, and in which policy decisions weren’t as warped by corporate cash as they are now. America is a better country in many ways than it was 35 years ago, but our political system’s ability to deal with real problems has been degraded to such an extent that I sometimes wonder whether the country is still governable.” – Paul Krugman
by Dr. Donald W. Livingston, GeorgiaFirst.org
“For the first time in 144 years State interposition (Madison) and State nullification and secession (Jefferson) have entered public discourse as remedies to usurpations by the central government of rights reserved to the sovereign people of the States by the Constitution. Since Americans are not in the habit of exercising these policy options, it is worthwhile to ask just what State legislators and governors can do to protect their citizens from usurpations by the central government.” more…
by Jim Babka
“If you tell someone that government-controlled healthcare will lead to rationing, they may respond by saying, ‘Healthcare is already rationed, by prices. If you can’t afford a treatment, you can’t get it.’ This seems like a powerful argument, but it isn’t. Here’s why…”
by Gary North
“Always in the past, the Federal Reserve has remained free from serious criticism. The media are obedient lap dogs. So are the academic economists. The textbooks never point out that the FED is the enforcing arm of a huge cartel. The professors refrain from applying to the FED their analyses in their chapters on cartels.
“Today, for the first time, there is a growing audience of intelligent people who are being exposed to the truth about the FED. This has taken place outside Establishment channels, which includes the largest talk radio shows.” more… [You can buy Ron Paul’s book End the Fed, here.]
by Timothy B. Lee
“The high overhead of the patent system demands that it be limited to relatively concentrated and capital-intensive industries in which most participants have the means to comply with the requirements of patent law. Patents on English writing would not meet this requirement. Neither do patents on software.” more…
In the news…
- Senate Bill 773 would give the President emergency control over the Internet.
- Utah texting while driving law has penalties as harsh as for druken driving.
- Disney to acquire Marvel.
- The toy “safety” law passed last year (supported by Mattel) hurts small toy manufacturers and surprisingly (not) helps Mattel, who will now be testing its own toys.
- A report in The Hill about the Rand Paul and Peter Schiff Senate campaigns.
- Obama will address students of government schools about education. Teacher’s encouraged to ask children “how President will inspire them” prior to him giving the speech. If you click on the link the lesson plans are linked as PDFs to that page, which is from the department of education. Unfortunately the content of the letter the link points to and the lesson plans keep changing… Here’s some commentary on the subject.
- Sentenced to death on the British National Healthcare System.
- The Feds are will “have to” hire 270,000 people over the next three years.
- It’s your patriotic duty to get a flu shot.
- Japan to build space based solar power plant.
- BP discovers huge oil field in Gulf of Mexico.
- Barney Frank is said to “back a Fed audit“, but what he backs is a watered down version of HR1207.
- Michael Jackson – They Don’t Really Care About Us. A cool video, and a pretty good song too.
And now the numbers…
DOW Jones Industrials – 9,441.27 (-102.93/-1.08%)
S&P 500 – 1,016.40 (-12.53/-1.22%)
VIX – 25.26 (+0.50/2.02%)
CSI 300 (China) – 3,077.142 (+30.361/1.00%)
BSE 500 (India) – 6,045.02 (-49.65/-0.81%)
MICEX (Russia) – 1,085.58 (-25.75/-2.32%)
BOVESPA (Brazil) – 56,652.281 (-1,048.289/-1.82%)
RICI – 2,860.70 (-126.10/-4.22%)
Gold/oz – 996.70 (+37.90/3.95%)
Silver/oz – 16.285 (+1.47/9.92%)
Copper/lb – 286.65 (-8.40/-2.85%)
Oil/bbl (Brent) – 66.82 (-5.97/-8.20%)
Wheat/bu (CBT) – 471.75 (-23.50/-4.75%)
Corn/bu – 306.25 (-22.75/-6.91%)
EUR-USD – 1.4296 (-0.0007/-0.05%)
USD-JPY – 93.01 (-0.592/-0.63%)
USD-BRL – 1.8442 (-0.037/-1.97%)
3 Month Treasury – 0.13 (-0.01/-7.14%)
2 Year Treasury – 0.93 (-0.09/-8.82%)
10 Year Treasury – 3.44 (-0.01/-0.29%)
30 Year Treasury – 4.27 (+0.07/1.67%)
U.S. Public Debt (official) – 11,787,062,206,713.50 (+61,584,370,622.70/0.53%)
Baltic Dry Index (BDIY:IND) – 2,415.00 (-6.00/-0.25%)
It’s been busy this week. Classes are getting back in gear. Having a baby is hard work… Work has been busy. We’re trying to get our software released. Lots to do. Little time. I also want to get some meaningful writing done.
For now check out my store on Zazzle. Hopefully I should have some more t-shirt, sticker designs soon. I have two right now. I will have my own Boondoggle shirt soon. You know you want one… :)
Anyway, I’m tired and the liberty breakfast is tomorrow at 8AM in Saline at the City Limits Diner. All are welcome.
Football starts soon… can’t you smell it?
Have a great weekend.