Quote of the week
“No matter how much Our Masters despoil us, it’s never enough. Trillions upon trillions poured down government’s rat hole, yet the rodents are never satisfied, never glutted, never abashed for even a moment at their avarice and theft. Instead, they voraciously hunt more victims and plunder.” – Becky Akers
by Thomas Sowell
“One of the many shallow statements that sound good — if you don’t stop and think about it — is that ‘at some point, you have made enough money.’
“The key word in this statement, made by President Barack Obama recently, is ‘you.’ There is nothing wrong with my deciding how much money is enough for me or your deciding how much money is enough for you, but when politicians think that they should be deciding how much money is enough for other people, that is starting down a very slippery slope.
“Politicians with the power to determine each citizen’s income are no longer public servants. They are public masters.” more…
by Martha Mendoza
“After 40 years, the United States’ war on drugs has cost $1 trillion and hundreds of thousands of lives, and for what? Drug use is rampant and violence even more brutal and widespread.” more…
by David Sirota
“Imagine, if you can, an alternate universe.
“Imagine that in this alternate universe, a foreign military power begins flying remote-controlled warplanes over your town, using onboard missiles to kill hundreds of your innocent neighbors.
“Now imagine that when you read the newspaper about this ongoing bloodbath, you learn that the foreign nation’s top general is nonchalantly telling reporters that his troops are also killing ‘an amazing number’ of your cultural brethren in an adjacent country. Imagine further learning that this foreign power is expanding the drone attacks on your community despite the attacks’ well-known record of killing innocents. And finally, imagine that when you turn on your television, you see the perpetrator nation’s tuxedo-clad leader cracking stand-up comedy jokes about drone strikes—jokes that prompt guffaws from an audience of that nation’s elite.
“Ask yourself: How would you and your fellow citizens respond? Would you call homegrown militias mounting a defense ‘patriots’ or would you call them ‘terrorists’? Would you agree with your leaders when they angrily tell reporters that violent defiance should be expected?” more…
- The Bain Report: Articles that Affect You and Your Family
- News from Abroad: News and Happenings from Europe and Asia
- Bill Bonner: A Successful Collapse
- Just one failed bank this week.
Politics and Such
- Doctors in Texas are opting out of Medicare at an increasing rate.
- Web Browsers leave “finger-prints” around as you browse the web.
- Rand Paul wins in Kentucky!
- Arlen Specter loses his Democratic primary in Pennsylvania.
- Scientist fired from oil spill team by political correctness police.
- Bomb scare in Union Square has New York Police breaking into some poor serf’s car to find two small gas cans.
- Scientists forecast that ashclouds will emanate from Iceland for decades.
- National Academy of Sciences endorses Cap And Trade.
- Arizona Corporation Commissioner, Gary Pierce suggests that Los Angeles should reconsider it’s boycott or man-up and stop buying 25% of its electricity from Arizona.
- Microsoft sues Salesforce over software patents.
- The American Expatriation Guide
- Google launches encrypted search.
And now the numbers…
DOW Jones Industrials – 10,193.39 (-426.77/-4.02%)
S&P 500 – 1,087.69 (-47.99/-4.23%)
VIX – 40.10 (+8.86/28.36%)
CSI 300 (China) – 2,768.791 (-99.232/-3.46%)
BSE 500 (India) – 6,592.37 (-226.67/-3.32%)
MICEX (Russia) – 1,264.91 (-87.10/-6.44%)
BOVESPA (Brazil) – 60,259.328 (-3,153.141/-4.97%)
RICI – 2,904.09 (-119.25/-3.94%)
Gold/oz – 1,176.10 (-51.70/-4.21%)
Silver/oz – 17.651 (-1.574/-8.19%)
Copper/lb – 306.10 (-7.30/-2.33%)
Oil/bbl (Brent) – 71.68 (-6.25/-8.02%)
Wheat/bu (CBT) – 472.00 (+0.50/0.11%)
Corn/bu – 369.00 (+6.00/1.65%)
EUR-USD – 1.257 (+0.0212/1.72%)
USD-JPY – 89.995 (-2.473/-2.67%)
USD-BRL – 1.8534 (+0.0541/3.01%)
3 Month Treasury – 0.15 (UNCHG)
2 Year Treasury – 0.76 (-0.02/-2.56%)
10 Year Treasury – 3.24 (-0.21/-6.09%)
30 Year Treasury – 4.10 (-0.24/-5.53%)
3 Month LIBOR – 0.50 (+0.05/11.11%)
U.S. Public Debt (official) – 12,987,822,672,429.00 (+60,411,404,499.80/0.47%)
Baltic Dry Index (BDIY:IND) – 3,844.00 (-85.00/-2.16%)
It’s been a long week. Lot’s of work. So as a result we’re a little thin this week. On the other hand I have a new section “News from Abroad” that an unnamed friend of mine is putting together. So make sure to check that out.
Meanwhile, on the homefront Baby Girl is pulling herself into standing position on furniture and according to Little Wife walking along it, although I’ve never actually witnessed the “walking along” part. Baby Girl has been walking when I hold her hands though. It’s pretty cool, kind of a half prance, half falling sort of gambol.
Got the dog groomed today… Thought I lost my wallet but found it in the car. That was a relief. Got some red ale from Ann Arbor Brewing Company, didn’t like it too much.
Anyway, that’s the story for now. Have a good weekend!