JMac

Best Investments for Rising Oil

"The US Department of Energy announced on Wednesday that American crude oil inventories leapt 2.9 million barrels in the week ending May 29 to reach 366 million barrels. Most analysts had expected a 1.7-million-barrel drop."

Premise is faulty.

Roubini the Revisionist

Amen!

Meet the Top Ten Creditors to the USA

Doesn't sound like there is much hilarity in your monastery.

If the State only had the power, Utopia would begin.

I'll keep my guns, Tao Te Ching and watch the world unfold exactly as it should.


On May 25 08:48 AM Friar Hilarius wrote:


"red-necked religious zealotry"
"scorn of wasteful leisure"
"greedy old capitalists and militarists"
"a new War on Poverty"
"Health care and education available freely"
" the importance of the have-nots having meaningful work"
"generated... by mindless consumption"
"dinosaur industries and unions close their door"
"State can not sit idly buy"
"a return to the truly Christian concept of serving others"
"Red Necks take note ... your selfishness gets you and America nowhere"

> Friar Hilarius

Meet the Top Ten Creditors to the USA

probably not true. The United States government appears to be willing, knowingly or not, to monetize the debt.

The largest creditors to the United States government are our grandchildren. They've unkowingly and without their conset had their grandparents and parents indenture their freedom and prosperity.

USA Today: What Happens When Investment Bankers Run a Country

Nothing was done at gunpoint, including voting. America is where American's have brought it.

The question is really this. Can this democracy or any democracy survive once voters discover and politicians to pander to voting themselves "generous gifts from the public treasury?"

Isn't voting for someone who will bring "generous gifts" to oneself acting in one's self interest? Isn't acting in one's self interest the premise for the most efficent allocation of resources in a free market it?

Dollar Chart Tells a Much Different Story than Pundits Do

Huh? "What makes America a great nation is the strength,
resiliency and diversity of our citizens and our ingenuity to create
sustainable goods and services that can drive productive growth"?

I appreciate your ability to precisely describe a tree in the forest. But, what made America great was individual liberty guaranteed by a Consitution that the people at the time understood in their DNA because it was born of their experience and blood.

What has made America less great is the discovery by its citizens that they can "vote themselves generous gifts from the public treasury." Each time they voted themselves gifts, they diminished their freedom. They being Individuals, corporations, unions, not for profits, etc.

People can debate the role of a stable currency. China certainly has one. Whether a currency should or can be asset backed or Not? But, America's currency is a symptom of a far greater problem.

American's have traded security, life style in its many components, for freedom. America has been arranging "equality" rather than insuring liberty since early last century.

The mottos of the original 13 colonies who became states are just hollow words today. The citizens of those states have no recent memory of the struggle for freedom out of which those mottos were defiantly .

"Live Free or Die" just a saying today. You can't even teach how they came to be. Those mottos don't evoke the tears and resolve from whence they came. They're dusty, put away, phrases of something in the ancient past. They have no relevance to IPhones and Facebook and the mall.

Will men walk out their door, not knowing when they'll come back today, for their children's sake, knowing it is "their duty, to throw off ...a long train of abuses and usurpations, pursuing invariably the same Object... a design to reduce them under absolute Despotism."

No. Not now. Not here. Not in this place. They have to finish the taxes and then a barbeque to go to.








On May 21 09:45 PM J. S. Kim wrote:

> I don't disagree with you. We basically are saying the same thing
> but in different ways. What makes America a great nation is the strength,
> resiliency and diversity of our citizens and our ingenuity to create
> sustainable goods and services that can drive productive growth.
> Money, in our case, the US dollar, is the means by which we pay for
> these goods and services.
>
> When our monetary system is fraudulent, it takes economic control
> away from our citizens and places it in the hands of the financial
> oligarchs. When our Central Bank attempts to artificially manufacture
> a recovery through inflating assets as they are doing now (significant
> inflation will come in the future), this is not real growth. Thus,
> I am merely stating that a sound monetary system can lead the way
> into economic recovery but an unsound monetary system, unfortunately,
> enables Central Bankers to fool the masses with an illusion that
> recovery is on the way when indeed it is not. To return America to
> the great nation we are, we simply need to implement a sound monetary
> system. Then we would have a sound currency and a strong nation.
>

More Thoughts on the Fake Recovery

Snippets?

This is Not a Bull Market: Stocks Are Not Up, and They’re Headed Even Lower

How did you come up with 666?


On May 24 09:20 AM maxe wrote:

> "No one mentions that this rally may actually be induced by the Federal
> Reserve pumping trillions of dollars into the financial system."
>
>
> Correction, if you read my comments you will note i have been predicting
> and calling this an inflationary bear market rally.
>
> Not to blow my own horn or anything but i predicted 666 as the current
> bottom also..........Take that Cramer!

This is Not a Bull Market: Stocks Are Not Up, and They’re Headed Even Lower

Inflation adjust gold if you're going to inflation adjust the market. Then compare realtive increase/decrease.

This is Not a Bull Market: Stocks Are Not Up, and They’re Headed Even Lower

The inflation/deflation debate is a US dollar debate, which remains unsettled. Last weeks action furthered the inflation argument. But, if the US cannot sell its securities, it may be left with rising interest rates.

That may, strange as it sounds, result in a return to deflation, if the US government is forced to reverse course and the largest spender is forced to stop spending. Obama is an Alynskyite, which makes him a pragmatist.

The world economies cannot adjust quickly enough to the US consumer going from being a spendthrift to a penny pincher. Demand may continue to shrink at record rates and this may have been a suckers rally in gold and commodities.

Charlie Munger: 'We've Screwed Up'

You must be kidding. I can give the source documents for a business to ten accountants and get ten different financial statements and tax returns. Between FASB, FINRA, GAAS, GAAP, PCAOB, SOX and the US tax code accountants have no clue but lots of fees.

Accountants give lip service to their clients about simplyfing regulations then laugh all the way to the bank.


On May 20 03:02 PM WAKEUP wrote:

> Accounting, properly and ethically done, is the master tool for avoiding
> messes of the sort that we now find ourselves in. The problems start
> when lawyers and lawmakers are allowed to meddle in this framework,
> a framework they are either not smart enough or not moral enough
> to comprehend. No, I do not earn my living through the practice of
> accounting; however, I caught on, 'way back in my undergraduate years
> that accounting shows clearly the way things are, and the way things
> are headed, if it is properly done by someone who understands what
> they are doing.

Charlie Munger: 'We've Screwed Up'

Magoo & Buffett were in the right place at the right time as value stock pickers inthe Grand Supercycle, but they never made a widget. Buffett has become addicted to his celebrity. His folksiness has become a managed image. He's rapidly running out of cash believing the model still works.

All the kings horses and kings men are not going to be able to put this Humpty Dumpty back together again. We have many decades of government regulated banana making to do before this republic comes back.

When an unleveraged widget maker can make a widget and sell it for a profit without generous gifts from the public treasury, freedom will ring again. But the Changists have successfully put new lipstick on this socialist pig and America has no clue about what made this country unique and great. The average IPhone toting, appropriately named, green voter never took a civics class and can't tell a commie from a true liberal.

The natural instincts of freedom to take risk, innovate and reap rewards won't leave American DNA easily. It will take decades of physical hunger and pain before the OMG rappin' mall rat becomes Tianamen tankman. It will take decades for the Alinskyites to pound out the natural animal instincts of the bourgeoisie.

But for now,we need to get all the Ivy League MBAs with their algorithms in the pool. I wouldn't discount the possibility of undisclosed direct purchase of US equities by the government. Rules for Radicals it may be necessary. Have you noticed that instead of the market tanking when the proletariat speaks, as it did when they first took to the microphones, the market now automatically ticks up.

Marxists will always complain that Communism has never been implemented the way it was intended. This time is always different until it's not.

Current Recession Is Tracking the 1930s Bear Market

The Great Depression was a 50 year Supercycle correction. This is the correction of a 200 year Grand Supercycle. Possibly the destruction of a civil societyin the USA because of hyperinflation, like the Weimar Republic or Zimbabwe.

Has 'The Trampoline Effect' Come to an End?

"the hot air transferred to commodities" was more likely a perceived price increase in the USA that was more an adjustment to a decliing dollar.

Top 5 Quotes from Berkshire's Annual Meeting

Is there any more proof we need that Buffett has no idea about the political system that created his wealth. Buffett has never created, produced or sold a product in his life. He's simply an idiot savant accountant who knew how to evaluate numbers at the end of a Grand Supercycle. The market is about to take away his entire wealth in his life time. Asking Buffett about our political system is like asking Bono about Africa.