Thursday, December 30, 2010

Obama Care Is A Joke!

Maxine on "Obama" Care, from a doctor friend in N.C. (thanks N).

Maxine should have cited the reason for the need for the 16,000 new IRS agents: to enforce the additional 2.5% income tax on anyone who is caught without health insurance (link).

Regardless, no wonder Americans from all political parties are "Fed" up:

Let me get this straight . . . .
We're going to be "gifted" with a health care
plan we are 
forced to purchase andfined if we don't,
Which purportedly covers at leastten million more people,
without adding 
a single new doctor,
but provides for 
16,000 new IRS agents,
written by a committee whose chairman 
says he 
doesn't understand it,
passed by a Congress that didn't read it butexempted themselves from it,
and signed by a President who smokes,
with funding administered by a treasury chief whodidn't pay his taxes,
for which we'll be taxed for four years before any
benefits take effect
by a government which has already bankrupted Social Security and Medicare,
all to be overseen by a surgeon general 
who is 
and financed by a country that's broke!!!!!
'What the hell could
possibly go wrong

Let Freedom Ring,

Tuesday, December 28, 2010

The $583 Trillion Dollar Derivative Market... Is That A Real Number?

Now, before we get all crazy... let me explain.

$583 Trillion is the notional or "face" value of the derivatives market.  As discussed in the link below, this "number" is indeed 900% larger than the global GDP which is somewhere's about $65 Trillion.  However, its also substantially smaller than the number of molecules in the head of a pin... and perhaps as relevant.

What matters is "Value at Risk"... Yea yea, I know.  VaR is very tricky and fraught with danger when one considers the "True" definition of risk vs some statistical measure (I read Taleb too)...  But, its important to remember that it isn't like somebody borrowed $585T... its a number which is related to the size of the bet... but its "the movement that matters" (behave :-)

This caveat noted... DAMN... thats one big bet!!! 

I'm guessin' this doesn't end well.

Thanks G. (friend) for sending this.

Let Freedom Ring,

Saturday, December 25, 2010

How The Federal Reserve Works

A video created by Ludwig Von Mises in 1996 about the Federal Reserve. Merry Christmas & Enjoy!

Thursday, December 23, 2010

Keynesianisms: Financial, Military, Reconstruction and now "Police State"

It seems incredible to me how few have taken the red pill, and are thus unable to see it (per Subject):

"Military Keynesianism, followed by Reconstruction of propping up foreign dictators, bombing their countries into rubble, and then ladling out "cost-plus" contracts to politically connected contractors to "reconstruct" those countries. 

"Now we see the advent of Police State Keynesianism. "

Tuesday, December 21, 2010

Ron Paul & Federal Reserve Oversight

Congressman Ron Paul is now chairman of the House Subcommittee on Domestic Monetary Policy which oversees the Federal Reserve as well as the currency and the valuation of the dollar.

Ron Paul:

1. “Since the announcement that I will chair the congressional subcommittee that oversees the Federal Reserve, the media response has been overwhelming."

2. "The groundswell of opposition to Fed actions among ordinary citizens is…in the tremendous interest shown by the financial press."

3. "The demand for transparency is growing whether the political and financial establishment likes it or not."

4. "The Fed is losing its vaunted status as an institution that is somehow above politics and public scrutiny." 

5. "Fed transparency will be the cornerstone of my efforts as Subcommittee Chairman.”

But I hope Dr. Paul doesn't die soon from some mysterious cause of death - or 'the worse case of suicide' we've ever seen - as Americans are finally able to try to learn where and how their money has been spent and continues to be spent in the future.