Archive for the 'Culture' Category

The Question Someone Should Have Asked Janet Yellen

Tuesday, July 15th, 2014

In her testimony today Chairwoman Yellen reiterated something she has said before which is that if the economy improves, in order to manage the excess reserves currently parked at the Fed by Money Center Banks, the Fed will use the newly created (in the wake of the 2008 crisis) power to pay interest on excess […]

A Quick Argument In Favor of Term Limits

Tuesday, July 15th, 2014

When future historians describe in their research the reasons that the United States of America went the way of the Roman Empire, foremost among them will be one of the only real as opposed to imagined deficiencies in the drafting of the Constitution by the Framers – the absence of term limits right in the […]

The Blind Describing the View to the Blind

Tuesday, July 15th, 2014

As the whole shenanigans surrounding CYNK last week is emblematic of how broken our capital markets are in the Age of the Fed, so the semi-annual Humphrey-Hawkins testimony on right now is emblematic of how broken America really is.  Aside from the optics of decline and decay when a Senator who has obviously had a […]

Lying and Cheating are the New Honor Craft Apparently

Tuesday, July 15th, 2014

Word today that Jay Carney, Obama’s second press secretary, may be taking an unbelievably lucrative job in Silicon Valley, undoubtedly making 7 figures annually.  For those with short memories, Carney is the former Time rag journalist who got up in front of the podium at the White House every day and baldly lied to the […]

The Word ‘Folks’ Should Be Officially Deprecated

Wednesday, March 26th, 2014

<sarc>I just get such a warm fuzzy feeling when the mellifluous and trustworthy voice of Fred Thomson warbles on about how the reverse mortgage from AAG is the answer to seniors problems.  He reassures you that there is no risk.  I mean Reagan signed it into law so it must be OK he gently asserts. […]

The Government of the U.S. Makes Itself the Enemy of the People of the U.S.

Friday, March 21st, 2014

What does one do when one’s home government has become completely untethered from the principles that anchored it historically?  When it has become a menace to those it rules as well as everyone else outside its jurisdiction?  I sure do not have the answer.  But I am sure that it has become so untethered.  We […]

Obama and High Crimes and Misdemeanors

Wednesday, March 12th, 2014

Using the power of the state to threaten, harass and intimidate political opponents is certainly at or near the top of the list of those actions which would qualify as High Crimes and Misdemeanors, sufficient to stand as cause for the impeachment of the Chief Executive under our nearly forgotten US Constitution.  As the IRS […]

The Immoral Fed

Tuesday, March 4th, 2014

During the financial implosion of 2008-2009, the Fed was faced with the insolvency of most if not all of the large institutions it exists to service. Recall that the creation of the Fed grew out of the experiences of bank runs in the late 1800s and early 1900s, specifically the Panic of 1907. During that […]

The Vulgar Fed

Monday, February 24th, 2014

I grew up with a lot of rich people.  You could tell what the mothers of these peopple thought by watching how they reacted to different people or actions.  One would never do such things as picking your nose or farting or spitting or swearing.  These were the types of things that coarse and vulgar […]

America Self-Immolates: Or How Ralph Reed and Some Nativists Delivered the Vote to Demunists

Tuesday, January 22nd, 2013

I have been meaning to write about the election in November but after the results were in I found that the rage I felt meant that it was extremely difficult to extract any meaningful communicable signal from the flood of four letter words filling my head. But now that there has been some distance and […]

Fiscal Cliff ToonTown

Wednesday, December 5th, 2012

I was watching business news this morning as I always do and the Great Liar came on spreading more diseased and malignant memes regarding the fiscal cliff negotiations.  I get physically ill at the sound of his voice so I just changed the channel by dropping from channel 29 (CNBC on Comcast in Chicago) to […]

Lord of the Blings … or How Bernanke Became Maobama’s B**ch

Saturday, September 15th, 2012

Man do I want some of what those guys at the Marriner Eccles building are smoking!  Against the power of Mordor there can be no victory.  Lord Saruman, what does the Great Eye command?  Saruman here is Ben Bernanke, the great monetary Wizard.  Able to marshall forces as great as the winds and tides to […]

07.04.2012 – Dependence Day in The United States of Robertsland, The Country Formerly Known as America

Thursday, July 5th, 2012

We were in downtown Chicago for the fireworks display last night at Navy Pier.  The underwhelming show seems to recapitulate the state of our Union.  It was a fizzler of a display which seems to me a good metaphor for the fizzling away of the actual Independence the date historically represents.  The celebration now seems […]

6.28.2012 – The Day America Ceased To Exist

Sunday, July 1st, 2012

History The title may sound a little bit over the top.  On reflection however it is probablynot a strong enough statement.  In 2010 the 111th Congress bent the legislative machinery to its breaking point in to pass the Patient Affordable Care Act or Obamacare, Twenty-six states challenged aspects of the law, the most imnportant of […]

The Stubborn Stupidity of People

Tuesday, February 14th, 2012

I just laugh every single day when I think about the whole Greek debt situation.  It is painfully obvious, and has been for well over a year, that Greece got trapped with multiples of the debt that its economy could bear as a result of narrow credit spreads engendered by the Common Currency.  Last night […]

Lack of Good Republican Candidates? I Blame Ralph Reed

Tuesday, December 6th, 2011

So we are down to Romney and Gingrich.  Great.  Yawn.  Can anyone really see Newt Gingrich as President?  God help us.  Just the name alone should give us pause.  Is Bill Clinton a presidential name?  Yes.  George Bush?  Yep.  Barack Obama?  Not so much.  Newt Gingrich?  I don’t think so.  One might object that one […]

Speaking of Morons, Rahm Emanuel and Speed Cameras

Tuesday, November 15th, 2011

It is probably not a secret that I am not a fan of Rahm Emanuel or his brother Ezekiel.  Between them they played a strong role in delivering the outrageous Obamacare nonsense a couple of years ago.  Now as a total asshole, Rahm may in fact be just the kind of Mayor Chicago needs to […]

Where Is Jon Corzine? Why Is He Not In Jail?

Tuesday, November 15th, 2011

The saga of MF Global has faded from the headlines a bit, what with the end of the world approaching in 13 months or so, and societal and economic collapse prior to that.  But one big question I have is why have I not heard any talk about either the US DOJ or some States […]

Austerity, GDP, Debt and Stimulus Multiples

Monday, November 7th, 2011

The common wisdom one hears these days is that we are in a hard spot because economic growth is stalling, but government debt is so high that resort to additional “stimulus” via government expenditure is unpalatable.   This is of course only wisdom to the extent that you believe that government expenditure is inn fact […]

Consequences of Kerffufluous Tomfoolery

Tuesday, October 25th, 2011

Now that our crony-state-capitalist society has devolved to the point where the only people who suffer the ill consequences of bad decisions are the poor saps who are either too stupid or too impoverished to have bought protection from the perma-political class, one wonders when or whether there will be a backlash at some point […]