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Freedoms Truth

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  • Underlying Disaster In Europe Accelerating: Spain's Finances Collapsing [View article]
    The public sector is NOT the economy, that is your problem. When public sector taxation and spending crowds out private sector investment and consumption, the private sector economy withers. Increased taxes and spending in the public sector stunts growth.

    The real solution is to grow the private sector economy and through that its ability to pay off debts. to do THAT, you need to cut taxes, and to cut taxes you need to cut spending in the public sector (over the long term; over the short term, you can usually tolerate a temprorary but not structural deficit.)

    You have to grow your way out of debt and growth comes by getting govt OUT of the way. This is the only solution that has historically been shown to work. All other 'solutions' lead to default.
    Sep 25 04:52 PM | 30 Likes Like |Link to Comment
  • On QE3: Buy Oil And Gas, Sell Obama Re-election Odds [View article]
    Gee, and we all along were thinking it was based on who got the most votes in the electoral College.

    Obama has failed on the economy - unemployment is higher now than when he was last elected. The people who sadistically insist on inflicting this bad President on us for 4 more years should be ashamed of themselves. In Chinese terms, he's lost the mandate of heaven. In Clint Eastwood terms, when a guy doesnt get the job done, you gotta let him go.

    And btw, Why is it harder for a Democrat to show an ID when they vote? are Democrats morons? unless they are dead, an illegal alien, or lying, its really not that hard. We do it all the time.
    Sep 1 12:37 PM | 23 Likes Like |Link to Comment
  • California Crushes Proposition 23: What It Means for America… and Investors [View article]
    The defeat of Prop 23 was all about a campaign to vilify 'big oil' and 'dirty polluters' and had nothing to do with validating climate change.
    The campaign was deceptive and the result will in fact not do much to change the fact that PV solar makers are and will get underbid by Chinese competitors. It's a lose/lose for US industry - we lose due to high energy costs, and the costs of the mandates end up subsidizing Chinese manufacturers. If this insane policy isn't stopped, or at least fixed to require DOMESTIC-made renewables, taxpayers will be underwriting the Chinese green industry.
    Nov 5 03:40 PM | 22 Likes Like |Link to Comment
  • Understanding Compounding: Berkshire's Not-So-Hidden Dividend Contrarian Secret [View article]
    If you are arguing for dividend growth investing, you haven't understood this excellent article.

    This is not about how we investors invest (and yes, dividend growth has worked for me too), its about how managers of capital invest.
    It's a sublime article about the sublime art of 'how to most profitably deal with Free Cash Flow'.

    Buffett/BRK is superior to many other companies simply because they are masters of that art.

    The rebuttal that management that DOESNT return the capital to investors is likely to squander it ... is well taken.
    - Just think about Apple's cash hoard, they are sitting on it.
    - Microsoft has a divvie, but they still are wasting $8b on Skype (ug)
    - And google, they are making 0.1% on their cash and will now borrow at 5%?

    Does that mean divvies beat all? Nope, the Buffet exception makes the case, and the tax disadvantage of divvies over buybacks is real.

    Perhaps the real flaw in the article is not understanding how unique Buffett and Berkshire really are. Management that abuses shareholders to feather their own next is dime a dozen; a management that can consistently get 15%-20% return on invested book capital is golden. That is not pro/con about dividends, that's about finding a management that you can trust to put shareholder value first.
    May 16 11:41 PM | 17 Likes Like |Link to Comment
  • On QE3: Buy Oil And Gas, Sell Obama Re-election Odds [View article]
    Notice how the robotic liberal talking points are all the same? It's like these guys dont think for themselves, but have to spout absurd lies few to them from the Democrats.

    There is a problem that our voting process is so loose non-citizens can and do vote. In San Antonio, hundreds of illegal aliens were found on voter rolls. Non citizens have been voting in many states. Democrats dont care about the integrity of the voting process, as they have had a long history (go look at LBJ's history, or Obama's Chicago, or Phillie, for example) of abusing voting process and using fraud to win. some examples of non-citizen voters today:
    "The analysis of 350 people shows one person voted at least 30 times.

    According to the analysis of the data, some of the potential non-citizens voted in the 2000 election, that’s when the presidency was decided by just over 500 votes."

    Hmmm. So there's no problem here?
    Sep 1 12:56 PM | 16 Likes Like |Link to Comment
  • Tax On Dividend-Paying Stocks Rising To 74% [View article]
    Obama just proposed $1.6 trillion in more taxes... oh, and to 'balance' that extra trillions in taxes ... MORE SPENDING.

    The tax reform we need will never be signed by tax-and-spend Obama. Romney would have advocated for and signed real tax reform.

    America blew it this election, we will suffer for it.
    Dec 2 02:14 PM | 15 Likes Like |Link to Comment
  • Traders are wary of reading too much into "demand destruction" replacing geopolitical risk as the driver behind oil prices on a day when the ECB surprised the markets and sparked a dollar rally. But PFG Best's Phil Flynn says evidence mounts (I, II, III) that "high energy prices are beginning to hurt," and asks, "Is the U.S. economy going back into a pre-QE2 malaise?"  [View news story]
    I put a -1 on this simply because QE2 QE3 or QEn will NOT help the economy... In case you missed, QE2 gave us 1.8% growth, oil above $100/bbl and $1500 gold.

    It's time to end the insanity and get off the Fed dollar dilution merry-go-around. This market action is the end of QE2 and the beginning of a new era. Good riddance to bad ideas.
    May 5 08:04 PM | 15 Likes Like |Link to Comment
  • On The Road To The Endgame: The Farcical Cliff [View article]
    "I don't believe Dems hold cards "
    It's more like the Dems hold a gun to us and the economy, saying "give us your money or the economy gets it."

    Either way we lose, of course.
    Dec 4 12:59 AM | 12 Likes Like |Link to Comment
  • On QE3: Buy Oil And Gas, Sell Obama Re-election Odds [View article]
    Other than the Solyndra executives, whose lives has Obama actually made better? The guy has been complete and utter zero as President, has the worst economic record of any President in our lifetimes. So "determined Obama fans" have been brainwashed or have psychological issues, like liberal guilt inculcated via multi-cultural indoctrination.

    I have to think most people are not like that, and will go beyond the hangups that made them support Obama and look rationally at his failings. I have to believe the voters are not so stupid to fall for the 'distraction' politics that Obama side is engaging in ("Ignore the economy, just look at how bad Mitt is for being a rich guy.")

    For that reason, it is odd that Obama is being given 60% chance of re-election. Latest Ras poll has Romney up 3%, a Democrat poll showed Romney up double digits with independents. Good advice to 'short Obama's re-election'. Obama will go down like Carter went go down.
    Sep 1 02:18 PM | 12 Likes Like |Link to Comment
  • Environmentalism May Face Major Setback in 2009 [View article]
    "The essential problem is the tragedy of the commons."

    No, the essential problem is that people have been lied to via fearmongering to think that CO2 is really really bad, when it really really isnt. They are lied to being told we must take action on CO2 now, when all facts indicate that is not so at all. CO2 is the basis of all life on earth, the increases in CO2 have had very little impact on temperature, and that impact is benign. Sea level rise is miniscule (measured in millimeters), and polar bears are not endangered. Those Weapons of Climate Destruction are not there.

    That's the tragedy of PR-based pseudo-scientific environmental-hoaxism. They posit scenarios that are actually fiction. I agree with the above comment - go to Watt's Up with That blog - Anthony Watt's blog at - and get educated on the real temperature trends (not the bogus IPCC Models). The truth will set us free - from very bad environmental policies.
    Jan 2 05:27 PM | 12 Likes Like |Link to Comment
  • Environmentalism May Face Major Setback in 2009 [View article]
    That is welcome GOOD NEWS if indeed the stupidity of CO2 regulations is stopped dead in its tracks. Global warming is not a crisis, CO2 is not a pollutant, and blaming man for what is mostly natural climate change is a hoax.
    Lets look at the data, look at the chart in this article:

    Since 2005, most of the warming since 1980 has been erased. Now, I ask you - did Al Gore predict this in his mock-umentary? Nope. He lies and calls it a crisis.The fearmongerers predicted 1C of warming by now - ooops, of by about .. 1C.
    We are talking a minuscule 0.2C rise in 5 decades, making it clear that claims of huge impacts due to CO2 are either (a) false or (b) masked by massive natural cooling (unlikely, but if true suggests that we should crank up the coal plants to ward off the coming ice age).

    We are lucky indeed that natural variability has kicked in on the cool side recently, if only to give honest people a warning that the Global Warming fearmongerers are hoaxers. Had the 'crisis' been global cooling, all the news of recent cooling would have been blamed on man. Instead .... the reality of cooling is ignored in the news and the farce of a 'warming planet' continues, even as cool weather harms crop yields.

    We have bogus and noxious 'cures' for a problem that doesnt really exist. Cap-n-trade will harm the economy and be of no help to the environment; limited and taxing CO2 will only shift industry to places like china where the environmental impact will be WORSE (no pollution controls at all);
    The stupidity of believing in hoaxes like "global warming is a crisis" is indeed a luxury at best and a hysterical poison at worst.

    Good news indeed if we finally realize that CO2 should NOT be limited as it does us no harm.
    Jan 2 05:21 PM | 12 Likes Like |Link to Comment
  • The Invidious Reach Of Personal-Finance Snake Oil [View article]
    "Bellafante’s Exhibit A is Yaffa Fredrick, a 23-year-old production assistant at MTV who spends some $300 per week on food."

    This is an absurd amount of money to spend on food and it is correct to criticize it. I feed a family of 6 - well - on less. A top-cut steak is only $5/lb at the right super markets, a fine salmon $8/lb. Steak, salmon, shrimp etc. nightly and under $100/wk ... if you dont go to an overpriced restaurant to eat it every night. I wouldnt even do starbucks, overpriced.

    These are 20-somethings who will one day turn 40 and find out they wasted the prime of their life working for someone else with nothing to show for it.

    I was thrifty in my work. took a brown bag lunch. other would pay $5 to $10 for lunch. but in 20 years of brown bag lunches. I saved about $25,000. other acts of thrift were enough to save $100,000.
    Saving got my my first $100k, investing that got me my first million, speculating with those gains my second. Had I spent $300/week on food I'd be nowhere.

    Instead I am under 50 and financially independent. 7 figure net worth, and it started with brown bag lunches and thrift. Unlike others, I dont HAVE to go to work to feed a $300/wk foodie habit but I can eat at the most expensive restaurant I want ... but I wont. Not worth it.

    Felix should be ashamed of himself for attacking the virtue of thrift.
    Jan 15 01:55 AM | 11 Likes Like |Link to Comment
  • Tax On Dividend-Paying Stocks Rising To 74% [View article]
    " I vividly recall the Clinton years inwhich the economy flourished under higher taxes"

    The Republican Congress passed tax cuts in 1995 and 1997 and welfare reform and controlled spending and that kept the economy humming. 2000 felt good, but it was the internet bubble bursting.

    We wont get a decent economy back unless and until we get the left-wing Democrats out of power.

    High tax rates are destructive to our economy. Just because an economy and grow under it doesnt make it good policy.
    Dec 2 02:20 PM | 11 Likes Like |Link to Comment
  • Republicans can't handle the truth, Paul Krugman writes in his latest column: They "are indeed seeking to dismantle Medicare as we know it, replacing it with a much worse program... In voting for the House budget plan, Republicans voted to end Medicare. Saying that isn’t demagoguery, it’s just pointing out the truth."  [View news story]
    "Saying that isn’t demagoguery"
    Yes, it is. Krugman is a loon and a liar. that's all the Democrats have left - scare-mongering. If Medicare is so great, why did Obamacare steal $500billion from it to hide the massive costs in Obamacare?
    Also, if vouchers are so bad, why do we have food stamps, section 8 housing, Pell grants, etc.? ALL based on voucher principles!
    Jun 6 05:45 PM | 11 Likes Like |Link to Comment
  • The Bull Run Begins This Week [View article]
    I'm all for a runup but ...

    "But probably the most significant market mover over the next several weeks will be the Obama factor."

    ... that's BOGUS.

    Since Obama was elected in early November, the market has fallen over 15% to date. That's the real Obama factor. Investors and business owners are scared to death of America turning into a euro-socialist hellhole, but thats what Obama, Pelosi, Dodd, Frank and the other DC clowns want to do.

    Any more "Obama factor" like that and we will be in the Great Depression 2.0.
    Jan 19 12:51 AM | 11 Likes Like |Link to Comment