Quote of the week
“In a stable, prosperous and growing economy, $1,000 gold might be no bargain. But what about a world that is probably in a multi-year depression…that the feds are fighting with trillions of dollars’ worth of new cash and credit? What about a world where the world’s largest debtor is borrowing another $9 trillion over the next ten years? What about a world where the imperial power is losing its grip? What are the odds that something will go wrong? What are the chances that the feds will miscalculate? And what will happen if they do?” – Bill Bonner
by Robert Morley
“Japan has new leadership. In a landslide victory, a new party has done the seemingly impossible. A new freshman class of leaders now governs the Land of the Rising Sun. The effects are already rippling across the Pacific toward America.” more… (Insightful until we hit the last few paragraphs – Prophecy? Puh-leez!)
Multi-part Series from EFF.org About Online Privacy
by Seth Schoen
“[I]t turns out that the cookie situation is quite a bit trickier today, and sites that want to track users have new technical options that are hard for users to respond to. The traditional ‘cookie’ is an HTTP cookie, invented by Lou Montulli and John Giannandrea at Netscape in 1994. But today many browsers implement a range of things with the same kind of cookie-like tracking behavior — mechanisms that are far less familiar, harder to notice, and often harder to control.” more…
by Peter Eckersley
by James Wilson
“Drug prohibition costs hundreds of billions in both direct costs and opportunity costs such as the lost wages of the imprisoned. It endangers the lives of innocents caught in turf wars. It promotes chaos and instability in much of the world — and all of this in a futile attempt to save a tiny fraction of the population from themselves. But if we lifted the prohibition on drugs…”
by John F. Cogan, R. Glenn Hubbard, and Daniel Kessler
“Comprehensive, low-deductible, low-copayment insurance has brought us to where we are today. The administration’s plan to expand and lock-in this flawed paradigm will ultimately defeat the goal of making health services more affordable for everyone.” more…
by James Howard Kunstler
“The suburban project was not a conspiracy by the likes of Robert Moses, Walt Disney, Frank Lloyd Wright, and President Eisenhower to produce a living arrangement with no future. It was the emergent, self-organizing result of special circumstances in a particular time and place: post World War Two America, with an immense supply of cheap oil, cheap land, and the industrial capacity to churn out all the necessary components for a car-dependent development pattern. Suburbia was spawned out of a couple of persistent themes in American cultural history: 1.) that cities and city life were no good; 2.) and that the romance of settling the wilderness could be reenacted, at great profit, in all that space beyond the towns and cities. It would be silly to deny the appeal of this arrangement at its inception.” more…
In the news…
- Huckabee wins social conservative straw poll.
- As project Gaydar has discovered, analysis of a person’s friends on social networking sites can allow for the mining of interesting “private” information.
- Senate refuses to enact rule that would require healthcare legislation to be online 72 hours before a vote.
- Libyan President praises Obama in front of United Nations, says he should be “president forever“.
- Obama open to a newspaper bailout.
- India space agency finds water on the moon.
- FBI is dong some serious data mining.
- PATRIOT Act renewal and reform round-up.
- G20 to “premier forum for economic cooperation.”
- There was a hearing in the House Financial Services Committee for HR1207! Not sure what came of it though.
- School children sing in praise of our lord and savior Barack Hussein Obama. Public schools are not all they are cracked up to be.
- Police gas and beat protesters in Pittsburgh who were “unlawfully assembling.” More here.
- Marc Faber on the coming collapse.
And now the numbers…
DOW Jones Industrials – 9,665.19 (-155.01/-1.58%)
S&P 500 – 1,044.38 (-23.92/-2.24%)
VIX – 25.61 (+1.69/7.07%)
CSI 300 (China) – 3,058.528 (-141.161/-4.41%)
BSE 500 (India) – 6,418.96 (+2.27/0.04%)
MICEX (Russia) – 1,187.86 (-20.49/-1.70%)
BOVESPA (Brazil) – 60,355.73 (-347.282/-0.57%)
RICI – 2,837.88 (-137.39/-4.62%)
Gold/oz – 991.60 (-18.70/-1.85%)
Silver/oz – 16.06 (-1.005/-5.89%)
Copper/lb – 274.05 (-4.45/-1.60%)
Oil/bbl (Brent) – 65.11 (-6.21/-8.71%)
Wheat/bu (CBT) – 449.75 (-7.50/-1.64%)
Corn/bu – 334.00 (+16.00/5.03%)
EUR-USD – 1.4689 (-0.0023/-0.16%)
USD-JPY – 89.635 (-1.656/-1.81%)
USD-BRL – 1.7902 (-0.018/-1.00%)
3 Month Treasury – 0.10 (+0.02/25.00%)
2 Year Treasury – 0.98 (-0.01/-1.01%)
10 Year Treasury – 3.32 (-0.14/-4.05%)
30 Year Treasury – 4.09 (-0.13/-3.08%)
U.S. Public Debt (official) – 11,770,679,815,806.09 (-38,559,222,632.30/-0.33%)
Baltic Dry Index (BDIY:IND) – 2,183.00 (-173.00/-7.34%)
The world’s dictators agree Obama is great. Seriously, there is something very creepy about Hugo Chavez, Fidel Castro, and now Moammar Kadafi heaping praise upon our President.
There’s a Sirius sattelite radio station for kids music. Anyway we’ve been playing it now and then and there was this song they were playing today called Tax Man Max by Schoolhouse Rock. You should be happy to pay your taxes to Uncle Sam, because supplying “the things a country lacks” takes green backs. “We hear you callin’ Uncle and we’re paying our tax.” Oh, but have no fear, our gracious Uncle allows us lots of deductions. Yikes!
But that doesn’t even come close to the vile notion of turning children’s songs about Jesus and the Battle Hymn of the Republic into songs about Barack Obama. Oh wait, making school children sing them, that’s way worse.
This whole notion of “unlawful assembly” in Pittsburgh, that ought to make us all scream. Yet another reason to call your worthless elected officials and watch them do absolutely nothing useful. Granted the G20 protestors are daft, but rights are rights.
The text of the First Amendment to the United States Constitution reads: “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.” Unlawful assembly? That seems on oxymoron.
Here’s a song by Propaghandi called “Today’s Empires, Tomorrows Ashes” . The link is to a video. Here are the lyrics:
“The tangled webs they weave span from Pine to Ruby Ridge, way back from Shay’s defeat on up to Gustafsen (now cue the ass parade of ditto-heads and commissars and pricks to drown out this faintest threat of commie faggot heretics). Conclusion: the nail that sticks up gets hammered down and the master’s finest tools are found slack-jawed and placid amidst the cacophony of screaming billboards and Disney-fied history. Sometimes the ties that bind are strange: no justice shines upon the cemetery plots marked Hampton, Weaver or Anna-Mae where Federal Bureaus and Fraternal Orders have cast their shadows; permanent features built into these borders. But undercover of the customary gap we find between History and Truth, the Founding Fathers bask in the rocket’s blinding red glare. The bombs bursting in air. One nation. Indivisible? The truth is when the back-country learned of ratification the People had a coffin painted black and solemnly borne in funeral procession, they buried it deep in the earth as an emblem of the dissolution and internment of their Publick Liberty. Someday, somewhere, today’s empires are tomorrow’s ashes.”
That’s all I got. Crazy times. Plan for the worst, strive for the best. Have a nice weekend.