Archive for the 'Politics' Category

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 […]

The IRS Scandal and Impeachment: Special Prosecutor Necessary

Friday, July 11th, 2014

If you believe Rep. Elijah Cummings, the scandal is over.  Of course if you believe Rep. Cummings, you probably also believe the argument over climate change is also over.  Over before it even began.  The Left would like you to believe that it isn’t even a scandal.  But that is nonsense.  If the President of […]

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 […]

China Tightens Economic Screws. Is it a war front?

Wednesday, March 12th, 2014

The talking heads on the business shows are agog at the collapse of Copper prices this week as Chinese export data fell hard.  It should be no secret that China’s leaders are trying to deftly deflate a credit bubble there before it brings their whole economy down – and with it potentially the Communist Party.  […]

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 […]

The Japanese Gamble

Tuesday, January 15th, 2013

The chart below of the Japanese Yen has finally started looking like the sleeping trade of the century, the widow-maker, the great unwinding of the Japanese economic system may be starting to occur.  Japan is a wealthy country despite the crash in 1990 and resulting chronic deflation.  GDP per capita is multiples of that in […]

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 […]

What a Sad and Pathetic Country We Have Become

Sunday, March 11th, 2012

Never mind that the immigration authorities detained and deported a British couple on holiday because prior to their travel to the US the man had Tweeted to his followers “Can you meet us before we go destroy America?”.  Any person with the least bit of brain matter would understand that this meant they were coming […]

The Ruinous Consequences of Dollar Assassin Ben Bernanke

Saturday, February 25th, 2012

Starting in the Bush Administration and continuing in the Obama administration, it has been the official policy of the United States to devalue her currency.   The one constant through this period has been the ascendancy of the bearded Princeton academic Ben Bernanke at the Federal Reserve Bank of the United States.   Consider the following […]

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 […]