January 14, 2013
— Monty
It's the triumphant return of DOOM, my groovy babies! Feel the burn! The rumors that the band broke up are a tissue of lies. This won't be a daily gig any more, but I'll try to deliver a dose of gloom, pessimism, and snide commentary once or twice a week.
Dear Grandkids: you are screwed, and it's largely our fault. Sorry about that. We'd send money, but we're vacationing in Cabo and need the cash for the condo and resort fees, and Gramp's new hip didn't come cheap. Love and kisses! Sincerely, Grammy and Grampy.
Snot, phlegm, and night-sweats are going to cost the US economy around $10 billion this year.
I just wouldn't be me if I didn't take the opportunity to give Social Security a kick in the nuts, so here's a high-stepping boot to the nads from the guys at ZeroHedge. With lots of ginchy chart-fu.
Michael Barone adds his voice to the chorus: the era of entitlements is almost over. (And not just in the U.S., but in other nations as well.) Barone, one of the sharpest political observers and historians of his generation, notes that history tends to move in epicycles, and this particular epicycle is about to end. We don't know what will come next, but the road between here and there is going to be rough.
Greece: the agony goes on. Apparently the Greeks didn't get the news that the Eurozone problem was solved. Maybe it's because they're preoccupied with trying to find a way to heat their homes.
You load sixteen tons and what do you get? Another day older and deeper in debt. A product or service is only worth what people are willing to pay. Your labor is a product you sell to your employer, and it's as prone to market pressures as any other good.
His Majesty the King may believe that we do not have a spending problem, but America's public spending -- from the municipal level all the way up to the federal -- simply cannot be sustained.
Will we see annualized investment-return rates in the 10% range again, on a sustained basis? The demographics argue against it. From the article:
Noting the financial pressures on programs like Social Security and Medicare, the authors conclude that the need to forecast government policies may be one of the most difficult challenges facing retirement-age households.I'll give you some free advice: don't listen to the Feds shining you on about the health of Medicare or Social Security. Save your own money, spend wisely, keep yourself physically and mentally fit, and plan to live prudently (and perhaps a bit austerely) in your old age.
Retiring Boomers are going to be selling into the markets, not buying, and younger adults aren't going to have as much investment capital to throw around. Investment returns are likely to suck for a long, long time to come...and that has some grim implications not just for individual investors, but for public entities that incur pension obligations and the like. Most state and municipal pension actuaries still estimate an aggregate yearly return in the 7-8% percent range, while reality suggests that the real number might be more in the 4-5% range. That translates into tens of billions of dollars -- maybe hundreds of billions -- in unfunded pension and other benefit obligations over the next couple of decades.
By the way, China is not going to bail us out. They've got even an even bigger retirement problem than we do.
Generalized S&P 500 returns for the last decade? Between zero and two percent or so, if you adjust for inflation and depending on how you calculate. If you invested money into the market in 1999, chances are that money returned between jack and squat between 1999 and 2011. It's likely to be even worse in the next decade or two. And the sad part? Stocks are still the smart play if you're an investor, because bonds are even worse. The take-away from this is that there's no substitute for saving your own money: you can't count on investment returns to make up any shortfall in saving. (But I guess you can take the optimist's position that in the long run we're all dead, so the best course of action is to live for the moment.)
For all the (fully justified) angst about federal spending, some of the worst public-finance disasters are at the state and municipal level. California is, as I have noted on many occasions, boned. Very, very boned. Illinois, New York, Rhode Island, Connecticut, and New Jersey are likewise very boned. This is the real calamity: federal debt, serious as it is, is rather attenuated in terms of how it affects your daily life. But when your city or state goes broke, you feel it very directly. Streets go unrepaired, streetlights burn out and remain dark, trash doesn't get picked up, crime spirals out of control. Just see how things are playing out in San Bernardino or Detroit these days.
And to those states who think they can tax themselves out of the hole they've dug for themselves: people won't just stand around like sheep waiting to be sheared. In fact, what happens is that the very people an economy needs the most (young, dynamic, industrious) leave while the most expensive and unproductive (the old, the poor, and the sick) stay.
Somebody alert Teh Krugman! Regarding the national debt, the notion that "we owe the money to ourselves" is bullshit. Furthermore, it has been known to be bullshit for a good long while. Yet somehow the canard never dies. Remember, kids: "money" and "wealth" are not the same thing.
James Buchanan on Keynes and the end of the Victorian economic sensibility.
[...]Keynes totally failed to recognize that the long-standing rules for fiscal-monetary prudence were required to hold the tribal instincts in check, and that, once the Victorian precepts were eroded, the tribal instincts would emerge with force sufficient to overwhelm all rationally derived argument.
It's hard out there for a chimp.
Posted by: Monty at
04:32 AM
| Comments (258)
Post contains 1025 words, total size 9 kb.
Posted by: DangerGirl - feeling empty at January 14, 2013 04:39 AM (PQ63m)
Posted by: Popcorn at January 14, 2013 04:39 AM (uIpSF)
Posted by: DangerGirl - feeling empty at January 14, 2013 04:41 AM (PQ63m)
Posted by: Ben at January 14, 2013 04:43 AM (C2Y4l)
Posted by: IllTemperedCur at January 14, 2013 04:44 AM (KZuD1)
At some point were going to have to implement the phase out of the social safety hammock we discussed before your hiatus.
May as well get in front of the ball to get your "Indiana Jones national sprint champion" motivation.
Posted by: sven10077 at January 14, 2013 04:44 AM (LRFds)
Posted by: JohnTant at January 14, 2013 04:45 AM (tVWQB)
Posted by: Big F-n Deal Biden at January 14, 2013 04:46 AM (44PWr)
Opening a pizza joint is probably a better "investment" right now than giving Warren Buffet more play money.
Posted by: sven10077 at January 14, 2013 04:49 AM (LRFds)
Posted by: J.J. Sefton at January 14, 2013 04:49 AM (XkWWK)
Posted by: J.J. Sefton at January 14, 2013 04:50 AM (XkWWK)
glad you're back
love the DOOM kitteh
Save your own money, spend wisely, keep yourself physically and mentally fit, and plan to live prudently (and perhaps a bit austerely) in your old age.
excellent advice
Posted by: chemjeff at January 14, 2013 04:51 AM (BBWjt)
I suspect that will never happen. The only thing that will kill it will be the final collapse. And it is not the baby boomers and SS that will kill it. Remember those two fixes that jacked up SS withholding and raised retirement ages? Those were verified and calculated to hold up SS past the death of the boomers.
So what happened? Those greatest generation assholes like LBJ spent all those SS tax increases and put paper notes in the "trust fund".
Now they are talking about yet another fix. They can all go to hell as far as I am concerned.
Posted by: Vic at January 14, 2013 04:52 AM (53z96)
You can flap your arms REALLY hard but in the end gravity kills.
What I'm saying is Barone is right whether he's right or not.
Barack cannot EO away gravity.
Posted by: sven10077 at January 14, 2013 04:52 AM (LRFds)
Posted by: Bevel Lemelisk at January 14, 2013 04:53 AM (uhAkr)
Heh it was always a scam Vic.
It was designed to be structurally unsound, and largely to drive us into becoming EUtopia.
Luckily the EUtopians showed that even being EUtopia screws you.
Posted by: sven10077 at January 14, 2013 04:54 AM (LRFds)
Posted by: Oldsailors Poet, Author of Amy Lynn available on Amazon. http://tinyurl.com/ahc8poj at January 14, 2013 04:54 AM (l86i3)
Posted by: Monty at January 14, 2013 04:54 AM (4Pleu)
I've seen the future and it is a total rage and apathy at "the law' if they play those games.
The roarring 20s and dustbowl depression crime wave will look like small taters.
Posted by: sven10077 at January 14, 2013 04:55 AM (LRFds)
Jarret the Ferret, "Just write an EO and all will be well."
TFG, "Okay, boy being President is hard."
Jarret the Ferret, "Here sir, have a yo-yo."
Posted by: Anna Puma (+SmuD) at January 14, 2013 04:55 AM (znavB)
So what happened? Those greatest generation assholes like LBJ spent all those SS tax increases and put paper notes in the "trust fund".
Now they are talking about yet another fix. They can all go to hell as far as I am concerned.
Posted by: Vic at January 14, 2013 08:52 AM (53z96)
This was pointed out by Republicans in the past, so what happened? The media said "Look! Squirrel!" and everyone stopped paying attention to the fact that the Democrats have been screwing us and spending.
Again, the problem with governing this nation is that the Left is completely in charge of the means of informing the American public. It is not possible to get the public to pay attention to serious issues because the left wing wants to preoccupy them with trivia and nonsense.
Media media media media media. It is our greatest weakness and the most dire threat.
Posted by: DiogenesLamp at January 14, 2013 04:56 AM (bb5+k)
Posted by: Anna Puma (+SmuD) at January 14, 2013 08:55 AM (znavB)
I set the over/under at 4 minutes before he manages to tie his hands together.
Posted by: BCochran1981 at January 14, 2013 04:56 AM (da5Wo)
Posted by: CanaDave at January 14, 2013 04:57 AM (voRpZ)
Posted by: Oldsailors Poet, Author of Amy Lynn available on Amazon. http://tinyurl.com/ahc8poj at January 14, 2013 04:57 AM (l86i3)
Yup, we've discussed at length the horseshit notion that banks are 'giving away interest free loans."
What we're seeing is a bunch of powerful assholes who are gaining no return on ventured capital squeezing out potential innovation. You ever look at our current bankers orgy and wonder if this is what the french based Rentes economy felt like?
When i say "open a pizza joint" with you liquid capital I literally mean "you getting a real 500 bucks a month under the table for say a 20,000 start up stake" is a better and safer bet than beating stagflation on the Dow or your Social Safety hammock losses.
Posted by: sven10077 at January 14, 2013 04:58 AM (LRFds)
That's the Milo Minderbinder plan -- everyone has a "share"...
...Oh, and now your parachute is gone.
Posted by: @PurpAv at January 14, 2013 04:58 AM (BNacf)
Buy and hold has been over for institutionalized investors for decades. I have been saying for a long time now that stock market prices of stocks don't reflect anything about the company those stocks represent. It is all a short term gambling exercise by the brokers trying to make a quick buck
There are a few like me who bought tracks of high dividend paying blue chip stocks for long term retirement investments. We are few and far between now.
The average Joe is insane if he thinks he can make money being a "day trader" on Wall Street.
Posted by: Vic at January 14, 2013 04:59 AM (53z96)
Posted by: Bill D. Cat at January 14, 2013 04:59 AM (BYxr7)
Posted by: AllenG (Dedicated Tenther) Channelling Breitbart at January 14, 2013 04:59 AM (5DR1j)
The roarring 20s and dustbowl depression crime wave will look like small taters.
Posted by: sven10077 at January 14, 2013 08:55 AM (LRFds)
Been saying that for years. The people of the 1920s were far hardier and far more ethical and moral (most of them) than are people nowadays. When a depression-like misery occurs in THIS society, they are going to burn down anything they can in a fit of rage.
All those zombie movies? Good training for the future.
Posted by: DiogenesLamp at January 14, 2013 04:59 AM (bb5+k)
Indeed and we in the GOP were complicit in the sense we did not mock the fuckers and take the political hit.
The nation is gonna split up or one side or the other is getting ground to dust.
This hybrid shit is gonna end soon there simply is not enough money left to have a fully funded free shit army, AND an economy.
Posted by: sven10077 at January 14, 2013 04:59 AM (LRFds)
Posted by: Judge_Roy_bean at January 14, 2013 05:00 AM (kLs5Y)
Posted by: Joe in TX at January 14, 2013 05:00 AM (pjusE)
Posted by: AllenG (Dedicated Tenther) Channelling Breitbart at January 14, 2013 05:00 AM (5DR1j)
Coffee, Monty, and a kitty.
NOW it's a real Monday.
Monty, how are you? Hope your life was well last year.
Posted by: Mama AJ at January 14, 2013 05:00 AM (SUKHu)
http://annapuna.blogspot.com/2013/01/move-to-shrangri-la.html
Posted by: Anna Puma (+SmuD) at January 14, 2013 05:01 AM (znavB)
Posted by: BCochran1981 at January 14, 2013 05:02 AM (da5Wo)
Um Old Sailor's Poet what do you think NHS "human dehydration" and IPAb are about?
The democrat platform is "Soylent Green" bud.
Posted by: sven10077 at January 14, 2013 05:02 AM (LRFds)
Good to know.
Posted by: Oldsailors Poet, Author of Amy Lynn available on Amazon.
http://tinyurl.com/ahc8poj at January 14, 2013 08:57 AM (l86i3)
Ha! You and I et al may get this, but it needs to develop into a consensus. The best way to accomplish this is to keep pointing it out. (i.e. "buzz.")
Posted by: DiogenesLamp at January 14, 2013 05:02 AM (bb5+k)
Posted by: BCochran1981 at January 14, 2013 05:03 AM (da5Wo)
Maybe Canadian or Australian dollars will be the benchmark underground currency?
Posted by: @PurpAv at January 14, 2013 05:03 AM (BNacf)
Posted by: jeanne at January 14, 2013 05:03 AM (ZODhD)
Posted by: tubal at January 14, 2013 05:03 AM (BoE3Z)
The average Joe is insane if he thinks he can make money being a "day trader" on Wall Street.
Posted by: Vic at January 14, 2013 08:59 AM (53z96)
I agree. I gave that stuff up years ago. Did pretty good at it for awhile though.
Now stuff is so overvalued I wouldn't touch it.
Posted by: DiogenesLamp at January 14, 2013 05:04 AM (bb5+k)
The US underground economy was estimated to be 7% of GDP. In other countries its as high as 25%
You can't fool the invisible hand...
Posted by: @PurpAv at January 14, 2013 05:05 AM (BNacf)
Posted by: Anna Puma (+SmuD) at January 14, 2013 05:05 AM (znavB)
If Soylent Green ever really gets developed, my money is on China or Japan to do it first.
Posted by: AllenG (Dedicated Tenther) Channelling Breitbart at January 14, 2013 05:06 AM (5DR1j)
Morning, all - apologies for no story, but first meeting of the morning began before the headlines thread was up and ended just now. I'll have a real story tomorrow; here's a quick one-liner:
Tallulah Bankhead arrives at MGM to begin her movie career. Her first words to head of production Irving Thalberg: "Dahling, how does one get laid in this dreary place?"
Thalberg back: "Just ask around. I'm sure someone will accomodate you."
BTW, as I was walking back to my desk, I see CNN has a chiron reading "Powell on GOP's 'intolerance.'" Anybody know what that crypto-dem cockholster is whining about now?
Posted by: Mary Poppins' Practically Perfect Piercing at January 14, 2013 05:06 AM (zF6Iw)
Posted by: RWC at January 14, 2013 05:06 AM (fWAjv)
The word is built into Monty's point on the flatlined S&P....the stagnant wages and immigration are the ONLY thing making anything look stable.
Dirty little secret is the ONLY way to get legitimate growth is to unfuck the economy from EPA's asshattery and neo-luddism and get the democrats hand out of the back pocket of the industrious for a few decades.
The American people in their infinite wisdom just told a quadrillion dollars worth of energy potential "no thanks."
We will not thrive until we endure some harsh lessons on free lunches, and November was nothing if not "I wanna fwee lunch Mistah Barry!"
We deserve everything we're gonna get.
Posted by: sven10077 at January 14, 2013 05:06 AM (LRFds)
Posted by: grognard at January 14, 2013 05:06 AM (NS2Mo)
Posted by: sven10077 at January 14, 2013 08:59 AM (LRFds)
I agree, but I think the left is going to try to do what the left always tries to do. Force their non-workable fantasy ideas to work by killing off dissidents and stealing their property. Lenin/Stalin, Hitler, Mao, etc. always end up with a financial windfall by acquiring assets of the recently deceased.
I think they will try to do it to us in their last effort to remain in control.
Posted by: DiogenesLamp at January 14, 2013 05:07 AM (bb5+k)
Posted by: Oldsailors Poet, Author of Amy Lynn available on Amazon. http://tinyurl.com/ahc8poj at January 14, 2013 05:08 AM (l86i3)
I did that back when I was still working. My actual tax rate was just over 50% and that was with the so-called Boooosh tax cuts. It would be even higher now. Besides we have had another sales tax increase here since then.
Posted by: Vic at January 14, 2013 05:08 AM (53z96)
Posted by: JDTAY at January 14, 2013 05:08 AM (a0nis)
and if I trusted the democrats to be merely corrupt I would not be as angry as I am.
That is 18% wiggle room we'd have, but they want drones so that if you were to "open an illegal mine" on federal land they can kill you or ruin you.
When this nation finally takes the mask off and goes full bore tyrant we're gonna be the best tyranny in the world.
Posted by: sven10077 at January 14, 2013 05:09 AM (LRFds)
Posted by: Mary Poppins' Practically Perfect Piercing at January 14, 2013 09:06 AM (zF6Iw)
Short version: "Dark vein of intolerance" "Code words" "Calling a black man 'lazy' is racist" "GOP endorses/allows/started Birther movement".
He also bitched about things Palin and Sununu said, but didn't have the stones to actually call them out by name.
Posted by: BCochran1981 at January 14, 2013 05:09 AM (da5Wo)
"EveryoneÂ’s Moving Away"
We live in a tiny Indiana town. This past summer a couple from New York bought the only store in town and moved here.
Posted by: Cicero Kid at January 14, 2013 05:09 AM (kWFP3)
Posted by: IllTemperedCur at January 14, 2013 05:09 AM (KZuD1)
Posted by: tubal at January 14, 2013 05:09 AM (BoE3Z)
Posted by: teej at January 14, 2013 05:09 AM (m9GfP)
HHhhmm,
Don't know if I should be this far from the curb, my mom always said to look BOTH ways.....
Posted by: Richard at January 14, 2013 05:10 AM (Khl3H)
http://tinyurl.com/d9dkp9q
And about Lang's Metropolis. Can you believe we were both right.
Rotwang cackles and holds up his artificial hand. "A hand is a small price to pay to resurrect Hel! Want to see her?"
So Rotwang takes Joh Federsen to the lab where the robot is. And he says, "Give me 24 hours and no one will be able to tell Machine-Man from real."
Posted by: Anna Puma (+SmuD) at January 14, 2013 05:10 AM (znavB)
The democrat platform is "Soylent Green" bud.
Posted by: sven10077 at January 14, 2013 09:02 AM (LRFds)
It's funny you should mention that. For years I was befuddled as to how anyone could be so stupid as to spend in the manner of Democrats. I kept coming back to the point that it was going to collapse eventually and very likely get a lot of people killed. I finally came around to the notion that perhaps that was the intention all along? You don't have to pay back debt when you kill off the creditors.
Posted by: DiogenesLamp at January 14, 2013 05:10 AM (bb5+k)
Posted by: Vic at January 14, 2013 05:10 AM (53z96)
January 14, 2013 (CHICAGO) (WLS) -- A new CTA fare structure goes into effect Monday. CTA base fares remain unchanged, but the price for passes is going up.
The majority of riders now will pay more to get around.
A few examples: the cost of a one-day pass will jump the most from
$5.70 to $10, up about 74 percent. Also, a three-day pass will increase
by $6, and a seven-day pass will increase by $5 and cost $28.
Most riders say they are upset about the fact that the 30-day pass will increase from $86 to $100.
CTA officials say times are hard, the agency needs the money and that the increase puts CTA more in line with other transit systems around the country.
For the children unions!
Posted by: TheQuietMan at January 14, 2013 05:11 AM (1Jaio)
Posted by: eman at January 14, 2013 05:11 AM (tBnjP)
Absolutely, look what nanzi Pelosi and Choom King are selling is that despite the fact they are controlling things down to what light bulb you can buy they are not responsible for U6 or UE3 being out of control....
to that I say 'fuck you"
This is not going to end well when the Media/Academia/Political Socialist hurdy gurdy runs out of the amazing technicolor dreamshow keeping people from noticing they can no longer dream.
"we'll see"
Posted by: sven10077 at January 14, 2013 05:11 AM (LRFds)
Posted by: Judd Tuddson at January 14, 2013 05:11 AM (pQ5v1)
Posted by: dogfish at January 14, 2013 09:04 AM (N2yhW)
Schadenfreude. It means you are both right, (exonerated) and that people you don't like are going to suffer more than you. (if you have prepared.)
Posted by: DiogenesLamp at January 14, 2013 05:11 AM (bb5+k)
Buy and hold died about 10 minutes after brokers realized their real money was in commissions and trading houses started giving outlandish performance bonuses. As soon as both of those things were true, the ONLY pressures that existed on stocks were upward pressures (higher stock price means higher commissions for buying or selling, and more commissions means higher bonuses). The company fundamentals have to say "The End is seriously nigh" before people are going to sell a stock in any serious way.
Posted by: AllenG (Dedicated Tenther) Channelling Breitbart at January 14, 2013 05:12 AM (5DR1j)
If you really, really want to cry, figure out your actual tax rate (not just federal, but state, real estate, sales, use, etc) and I promise you, you will soon realize that you work for the government, not the other way around. Really, want to cry, add in all the so-called "licenses" and "permits" (which are taxes with just a different name to make you think you are not paying a tax) and you will really get depressed.
Posted by: Mallamutt, RINO President for Life at January 14, 2013 09:05 AM (OWjjx)
The Democrats have always supported slavery. They just found a clever new means of implementing it on all of us.
Posted by: DiogenesLamp at January 14, 2013 05:13 AM (bb5+k)
Fire up the world's smallest mp3 player for another round of "Hearts and Flowers."
Posted by: HeatherRadish™ is at work and hates everyone at January 14, 2013 05:13 AM (ZKzrr)
add in the fact that the political class has decided and the American people must be TOTALLY okay with "venture socialism" and "profits are mine but we all share the losses" style GM capitalism and well
DOOM!
Posted by: sven10077 at January 14, 2013 05:14 AM (LRFds)
Posted by: Judge_Roy_bean at January 14, 2013 05:14 AM (kLs5Y)
We will not thrive until we endure some harsh lessons on free lunches, and November was nothing if not "I wanna fwee lunch Mistah Barry!"
We deserve everything we're gonna get.
Posted by: sven10077 at January 14, 2013 09:06 AM (LRFds)
Someone taught me an important lesson years ago. Sometimes things have to get worse before people realize there is a problem.
At this point I think it is our duty to make them worse if we can. The burned hand teaches.
Posted by: DiogenesLamp at January 14, 2013 05:15 AM (bb5+k)
Posted by: TheQuietMan at January 14, 2013 09:11 AM (1Jaio)
Read "We have met the 1% and he is us" in the sidebar. I get in a pissing match often when stating that there is no poor in the US. This essay proves who will really bears the burden of higher energy (transportation) costs.
Posted by: Cicero Kid at January 14, 2013 05:15 AM (kWFP3)
Posted by: Cricket at January 14, 2013 05:16 AM (DrC22)
Brother I have found you!
When i was doing taxes if it was a slow day I was very careful to show real tax rate.
I also stressed the insanity of not using IRAs as a shunt and hedge.
Anyway stupidity is its own reward, and a lot of people are setting themselves up for the Ghost of Ed McMahon to knock on their door.
Posted by: sven10077 at January 14, 2013 05:17 AM (LRFds)
Posted by: RWC at January 14, 2013 05:17 AM (fWAjv)
Detroit could be a thriving city in five years if two changes were made:
First, lower property taxes to be on par with the surrounding communities.
Second, totally eliminate the public school system. Issue vouchers for the whole per pupil amount (approximately $22,000/yr.) to each child and have the DOE finance the shortfall while the city is being repopulated.
Posted by: jwest at January 14, 2013 05:18 AM (ZDsRL)
Posted by: Judge_Roy_bean at January 14, 2013 05:19 AM (kLs5Y)
I wonder how many other people with intimate knowledge of the Health Care industry feel like Casandra. We were warning about this the moment "National Health Care" was uttered. Though, unlike Casandra, some smart people believed us. Unfortunately, the combined total of us and those who believed us seems to be about 47 - 49%
Posted by: AllenG (Dedicated Tenther) Channelling Breitbart at January 14, 2013 05:19 AM (5DR1j)
Posted by: Ms Choksondik, doom masochist at January 14, 2013 05:19 AM (YOZSv)
I love hearing the FSA talking about "getting their refund check" from the govt as if it's a bonus. It's their own goddamn money that they loaned with 0% interest.
Some people are too stupid to live.
Posted by: EC at January 14, 2013 05:19 AM (GQ8sn)
Posted by: Monty at January 14, 2013 05:20 AM (4Pleu)
And about Lang's Metropolis. Can you believe we were both right.
I like it, Anna - I'm hardly ever right about anything these days :-)
Got to run, all - it's one of those days. bbl.
Posted by: Mary Poppins' Practically Perfect Piercing at January 14, 2013 05:20 AM (zF6Iw)
Posted by: Oldsailors Poet, Author of Amy Lynn available on Amazon. http://tinyurl.com/ahc8poj at January 14, 2013 05:20 AM (l86i3)
87 Wake up call??? I posted a heads up as soon as I saw the thread.
Posted by: Vic at January 14, 2013 09:10 AM (53z96)
Well, I'm sitting here holding my cock and I don't have any socks on and let me tell you, the boss is NOT happy.
Posted by: BCochran1981 at January 14, 2013 05:20 AM (da5Wo)
Posted by: Brother Cavil, High Priest of the Gods of the Copybook Headings at January 14, 2013 05:20 AM (GBXon)
Posted by: Anna Puma (+SmuD) at January 14, 2013 05:21 AM (znavB)
Yessir back during the occutard puish by the media I pointed that out.
Hiawatha Warren is simply giving justification for the poor of the world to destroy us.
Posted by: sven10077 at January 14, 2013 05:21 AM (LRFds)
I am SO far from the ONT that I will have to ask any red letter to kick me back into my vertical position so I might sleep...
a favor?
Posted by: Richard at January 14, 2013 05:21 AM (Khl3H)
Do you recommend Traditional or ROTH?
Posted by: AllenG (Dedicated Tenther) Channelling Breitbart at January 14, 2013 05:21 AM (5DR1j)
Yup....enjoy the ride and let it burn.....
Barack "Thelma" Obama, and Harry "Looise" Reid are you pilot and co-pilot and it is a nice sunny day for a flight.....
Posted by: sven10077 at January 14, 2013 05:22 AM (LRFds)
Posted by: Anonymous Coward at January 14, 2013 05:23 AM (Vtggp)
Posted by: Cicero Kid at January 14, 2013 09:15 AM (kWFP3)
Before the election, a few people I know, told me that I should understand that only the rich will pay more. Now I tell them, you're right only the rich are paying more and congratulations on being rich. I usually don't get a response.
Posted by: TheQuietMan at January 14, 2013 05:23 AM (1Jaio)
BCochran, go watch the Cherry 2000 trailer again. Or that banned commercial from last night.
Posted by: Anna Puma (+SmuD) at January 14, 2013 05:23 AM (znavB)
Posted by: BackwardsBoy, who did not vote for this shit. at January 14, 2013 05:24 AM (yiIja)
Posted by: ALL_IS_LOST at January 14, 2013 05:24 AM (T/L2Z)
Posted by: Cricket at January 14, 2013 05:24 AM (DrC22)
You didn't affect other posts, so no barrel. But you do still owe 2 internetz (inflation, you know).
Posted by: AllenG (Dedicated Tenther) Channelling Breitbart at January 14, 2013 05:24 AM (5DR1j)
Posted by: Truck Monkey at January 14, 2013 05:25 AM (jucos)
Posted by: Burn the Witch at January 14, 2013 05:25 AM (ROv35)
depends on the taxpayers' likely scenario. You use them depending on whether you feel you will be in a higher bracket now or later. A couple that shows they are serious and on their way to having a well planned retirement should likely go Roth, otherwise I tell folks Traditiobnal is probably the way to go.
Of course since Bawney Fwank and fwiends are talking about raiding 401ks openly I am pretty sure they will empty out my Roth's tax benefits as well.
Six of one a half dozen of the other....
DOOM!
Posted by: sven10077 at January 14, 2013 05:25 AM (LRFds)
He also bitched about things Palin and Sununu said, but didn't have the stones to actually call them out by name.
Posted by: BCochran1981 at January 14, 2013 09:09 AM (da5Wo)
Fuck Powell with the barbed cock of Satan. He deserves a special place in the deepest circle of hell amongst all the other traitors of history.
Posted by: DiogenesLamp at January 14, 2013 05:27 AM (bb5+k)
Posted by: toby928© for TB at January 14, 2013 05:27 AM (evdj2)
Posted by: AllenG (Dedicated Tenther) Channelling Breitbart at January 14, 2013 09:19 AM (5DR1j)
Sometimes I even have the wierd "Tune out" moments before I announce my visions. And then people accuse me of being crazy anyway.
FWIW, so far I noted the higher predictions along with everone else, the flawed studies trying to go backwards to justify the stupid rule on birth control (specifically that it's "all forms" not "generic/cheapest, even the liberals have a hard time justifying that so..."science!"). In fairness on that one I had some inside information.
I also predicted an attempt to mandate abortion coverage through insurance (See: Washington State, dunn if it's got anywhere yet, it'll come back) and an attempt to classify "Gender Reassignmet" as "treatment" for a physical disorder (rather than a psychogical one) and push to have it covered by insurance (See: California, they're using a prisoner's case to push it, but that's more for legal precedent reasons than because they're concerned about prisoners.)
I've also predicted soft euthansia (see Britian, but coming here!) and mild but stubtle form of Eugenics sort of a "neo-Sanger" (that one has yet to come to pass.)
Posted by: tsrblke at January 14, 2013 05:27 AM (GaqMa)
DOOM!
Posted by: sven10077 at January 14, 2013 09:25 AM
Spend it all now or they'll take it all later.
Posted by: Department of Accuracy at January 14, 2013 05:27 AM (+I8Mq)
Posted by: RWC at January 14, 2013 05:28 AM (fWAjv)
http://www.johncoxart.com/2013/01/look_what_obama_found_in_the_s.html
Posted by: Anna Puma (+SmuD) at January 14, 2013 05:29 AM (znavB)
Stagnation, it'll be glorious.
Want to know why I am not bothered being 18,000 underwater on my house here in Indiana?
I can afford to eat the mortgage in a jam, and as an added bonus since I am fixed in at ~4.75% at some point I will be able to laugh at the bank.
Hyperinflation hits hard?
Well by golly Here you go I am killing the last 90,000.
During the Great Depression some smart real estate investors wound up paying people to occupy their houses to reduce upkeep costs.
All of this has happened before, all of this will happen again.
The rage I post in is based on the fact that we as a nation are further and further away from the values which make true recovery possible.
The left has created a defacto religion that precludes real recovery.
I am not sure we can count on today's youth to make the right call on what to do.
Posted by: sven10077 at January 14, 2013 05:29 AM (LRFds)
You did read the title of the post, yes?
Honestly, though, the two are not necessarily directly related. If there is inflation but the interest rates don't change, it could conceivably mean a credit-crunch (less available purchasing power to lend, meaning banks can (and kind of have to) be more selective about to whom they lend). In reality, most credit is not set at a fixed rate. I'm not sure of the stat, but my understanding is that less than 50% of mortgages are fixed rate mortgages. Credit Cards, Lines of Credit, and other short-term loans are never fixed interest.
The problem isn't for the banks, it's for everyone else. That's the dreaded "stagflation" where everything is more expensive and saving ends up being actively bad (a functional, if not technical, negative ROI).
Posted by: AllenG (Dedicated Tenther) Channelling Breitbart at January 14, 2013 05:30 AM (5DR1j)
You ain't kidding.
This year I am out of debt and have precisely 9865 dollars of apparent savings.
That is by design.
Posted by: sven10077 at January 14, 2013 05:30 AM (LRFds)
Posted by: Nevergiveup at January 14, 2013 05:30 AM (9Bj8R)
If we could somehow take control of teh MFM and finally get the truth out, I'm willing to bet that maybe, just maybe, enough people would realize that it's the government in general and this clown show of an administration that is destroying the economy.
The CRA is directly responsible for the housing crash.
NAFTA and GATT are directly responsible for our no longer having a viable manufacturing sector.
Dodd/Fwank is why no one can get a loan anymore.
We have met the enemy, and he lives in Washington, passing laws to crush us.
Posted by: BackwardsBoy, who did not vote for this shit. at January 14, 2013 05:30 AM (yiIja)
@Mallamutt,
Dude I'd settle for working for the government at this point, but it's worse than that.
The Rams just announce they'd really like the Tax payers to bend over and pay for a brand new stadium again. So far the talk is just to do it with Ticket Taxes (Which I suppose at least makes a sort of sense.) But there's rumbling of increases sales taxes to fund it. (Fuck them.)
So not only do I work for the Government, I apparently work for a whiny ass lossing football team.
Posted by: tsrblke at January 14, 2013 05:32 AM (GaqMa)
Posted by: phoenixgirl at January 14, 2013 05:33 AM (GVxQo)
I raise my coffee mug to you, sir. Welcome back, and I look forward to reports of bleak, inescapable DOOM all throughout the year!
Posted by: Kinley Ardal at January 14, 2013 05:33 AM (mrnos)
Posted by: tubal at January 14, 2013 05:34 AM (BoE3Z)
Then there is the great cock-up called the 2014 C7 Corvette.
Posted by: Anna Puma (+SmuD) at January 14, 2013 05:34 AM (znavB)
Posted by: phoenixgirl at January 14, 2013 05:35 AM (GVxQo)
Posted by: Fritz at January 14, 2013 05:35 AM (w3+gB)
Posted by: Nevergiveup at January 14, 2013 05:35 AM (9Bj8R)
Posted by: BackwardsBoy, who did not vote for this shit. at January 14, 2013 05:36 AM (yiIja)
I'd leave social security for retirement out of it like Vic intones.
Those people were conned not their fault.
Last time I started looking about 35% of the American people are on bennies.
That was BEFORE our glorious Obama economy.
DOOM!
Posted by: sven10077 at January 14, 2013 05:37 AM (LRFds)
including or not including social security
Posted by: phoenixgirl at January 14, 2013 09:35 AM (GVxQo)
Including, I guess. That issue of SocSec gets kicked around because of the "it's my money, after all", but I'm thinking about the "beholding to" angle.
Posted by: tubal at January 14, 2013 05:37 AM (BoE3Z)
Posted by: Nevergiveup at January 14, 2013 05:38 AM (9Bj8R)
Her enjoying my carnal companionship preference is not exactly "breaking news."
I did think she was rather polite in doing a hell of a job acting as John Travolta's beard if memory serves.
Posted by: sven10077 at January 14, 2013 05:39 AM (LRFds)
Posted by: cajun carrot at January 14, 2013 05:39 AM (UZQM8)
Then when I looked it was 42% or so....
hell one can make an argument my wife is "on the dole" as a soldier....and in 1950s America that argument WOULD have been made.....
we're fucked.
The bright side is I finally get to see what the glide ratio is on a buick.
Posted by: sven10077 at January 14, 2013 05:40 AM (LRFds)
Posted by: alexthechick - SMOD. Seriously, Sheldon/Penny to the end. at January 14, 2013 05:41 AM (VtjlW)
CC you are correct, unless of course you are willing to invest in a start up as "banker" yourself.
I will probably be giving seed money to my brother for a pizza jointy if he'll follow the roughnecks.
One day in the not so distant future you're going to see people who once would have been brokers start investing in arms deals and drug buys.
That is when you know the die is cast and we're all Central Americans below canada now.
Posted by: sven10077 at January 14, 2013 05:43 AM (LRFds)
Posted by: Anna Puma (+SmuD) at January 14, 2013 05:43 AM (znavB)
Posted by: phoenixgirl at January 14, 2013 05:43 AM (GVxQo)
but the danger of earthquakes due to CCS is way higher
This CCS sounds an awful lot like blowing smoke and taxpayer monies up the planets ass.
Posted by: DaveA at January 14, 2013 05:43 AM (I3vTd)
Posted by: Clemenza at January 14, 2013 05:44 AM (x59Gv)
Posted by: Bawney Fwank at January 14, 2013 05:44 AM (+8t8s)
YAY I may not be a slave, but I am sure as shit an indentured servant!
Yeehaw faster Monty faster!
Posted by: sven10077 at January 14, 2013 05:44 AM (LRFds)
we're fucked.
The bright side is I finally get to see what the glide ratio is on a buick.
Posted by: sven10077 at January 14, 2013 09:40 AM (LRFds)
My house is worth about 500K - 600K less than what it cost me to build in 1992. Some of us are more fucked than others.
Posted by: jwest at January 14, 2013 05:44 AM (ZDsRL)
Posted by: cajun carrot at January 14, 2013 05:45 AM (UZQM8)
Why not?
We know what's coming. "They" don't.
Doesn't the vision of armies of unprepared, and clueless hipster douchebags huddling over steam grates warm the cockles of your heart?
Works for me.
Posted by: Sean Bannion at January 14, 2013 05:45 AM (sbV1u)
Posted by: Nevergiveup at January 14, 2013 05:46 AM (9Bj8R)
Then when I looked it was 42% or so....
hell one can make an argument my wife is "on the dole" as a soldier....and in 1950s America that argument WOULD have been made.....
we're fucked.
The bright side is I finally get to see what the glide ratio is on a buick.
Posted by: sven10077 at January 14, 2013 09:40 AM (LRFds)
"Glide ratio......." Heh. It's pretty hard to see how things can be turned around when half the people have government hooks in them. I know, I know, tubal's a dim bulb, that is just now really grasping what other moron compadres have understood long before. I just woke up a little while ago this morning, though, with "silver" on my mind. Go figure.
Posted by: tubal at January 14, 2013 05:46 AM (BoE3Z)
Might as well buy an Altima or a Camry. Unless you need to haul some really large items also.
Posted by: Anna Puma (+SmuD) at January 14, 2013 05:46 AM (znavB)
Yeah I mean of course the cold answer and one I console myself with about being slightly underwater is "did you get use from the loss of capital in some way?'
I'm sorry it nailed you bad, on the bright side I have a house.
Your average 20 something probably never will.
Posted by: sven10077 at January 14, 2013 05:46 AM (LRFds)
Posted by: Clemenza at January 14, 2013 05:46 AM (x59Gv)
Posted by: #OccupyResoluteDesk at January 14, 2013 05:47 AM (BP3TZ)
Posted by: Clemenza at January 14, 2013 05:48 AM (x59Gv)
Posted by: phoenixgirl at January 14, 2013 05:48 AM (GVxQo)
Don't worry and don't begrudge yourself the apathy you once had b/c you hadn't grasped it.
Hell I am happily apathetic now and i've known this was coming for 28 years.
The key is learn to live lean, help people who will help you in a jam down the pike and understand that the "America" we were born in was killed by us by choice and ain't coming back.
It sucks, but I will probably never know the security and potential of the ww2 gen on healthcare, retirement, or national security.
Of course Gram and Gramps never got to see what semen looked like on paris Hilton's face so....
yeah not a good trade off.
Fuck you Free Shit Army.
Posted by: sven10077 at January 14, 2013 05:49 AM (LRFds)
Posted by: Clemenza at January 14, 2013 09:48 AM (x59Gv)
A voucher sounds pretty good right now.
Posted by: jwest at January 14, 2013 05:49 AM (ZDsRL)
http://tinyurl.com/cdhh23j
Hey Leni Riefenstahl something new for you to film.
Posted by: Anna Puma (+SmuD) at January 14, 2013 05:51 AM (znavB)
Posted by: Bruce at January 14, 2013 05:51 AM (D/OWC)
Great. SCOAMF on our TVs. Again. That's the real DOOM of the day.
Posted by: Retread at January 14, 2013 05:52 AM (zxitI)
Yup.
No seriously no matter the moron here and their like/dislike of me I know that the majority here get it to some degree and are my spiritual ally in this coming fight.
You go to a Starbucks and look at the number of people who think they can vote themselves prosperity or gain....
it is the warm fuel of hatred that keeps me going.
Posted by: sven10077 at January 14, 2013 05:52 AM (LRFds)
Posted by: cajun carrot at January 14, 2013 05:53 AM (UZQM8)
I've said this before to myself and I'm going to keep saying it to my wife:
I'll pay for my kid to go to trade school, but I'll be damned if I'm pumping 50-100k on a "Kollege EjuKashun."
Posted by: cajun carrot at January 14, 2013 09:53 AM (UZQM
Yeah, that kind of education will qualify you to be cleanup man at the local adult bookstore.
Posted by: tubal at January 14, 2013 05:55 AM (BoE3Z)
Posted by: Judge_Roy_bean at January 14, 2013 05:57 AM (kLs5Y)
Bruce I am not a banker or an investment consulktant though I play a reasonable voice on the web.
You have to look at your situation.
How prepared are you if the bottom falls out?
Is your revenue stream in something that will survive the great gear grind?
If you can get more utility out of the liquid dollars now and put it into non-perishable quality of life like food, and water purification potential it would be silly not to go after security investment now before panic buying forces up prices past inflationary dollars.
I was hot to trot to put about 20 grand into a lump dump in the house last year but waited, and decided to use about 6500 of it on trying to drag Romney's ass across the finish line.
I do not feel I made an economic error if that helps?
Posted by: sven10077 at January 14, 2013 05:58 AM (LRFds)
Posted by: Monty at January 14, 2013 05:58 AM (4Pleu)
You are absolutely correct most Americans do not understand what poverty is at all.
I grew up less affluent than a lot of folks, but i remember visiting some cousins in TN that did not have running water or indoor plumbing.
That stuck with me forever.
Not enough "poor" have similar experience.
We're about to find out.
Posted by: sven10077 at January 14, 2013 06:00 AM (LRFds)
I've worked hard to make sure my son lance understands what education is and is not.
I am thrilled he;d rather have a trade than a bunch of liberal arts shit in his head like I wasted my life on.
Obama has rendered my years of Schlarship on economics, US History, World History, and Civics historical fiction in a half decade.
I wish I'd perfected my hammer swinging instead.
Posted by: sven10077 at January 14, 2013 06:01 AM (LRFds)
I've said this before to myself and I'm going to keep saying it to my wife:
I'll pay for my kid to go to trade school, but I'll be damned if I'm pumping 50-100k on a "Kollege EjuKashun."
I last ran a machine shop back in '08. We wanted to expand to a second shift to meet demand. I thought, "Hey, you know, this would be the perfect opportunity for some young machinists straight out of tech school." I started looking for one in the area, since this is how I got started in the field back in the '70's.
There wasn't one to be found.
The idea that everyone can or should have a kollidge degree is a fallacy. Manufacturing once provided a place for those who are smart enough for a degree but prefer to work with their hands. But thanks to our illustrious "betters" who are oh-so-much-wiser than us proles, we no long have that option. Of course, the Watermelon Revolution had a lot to do with that, since jobs where one might run the chance of acutally getting a speck of dirt one is all icky and stuff, and we were raping Gaia anyway.
We are so terribly screwed... .
Posted by: BackwardsBoy, who did not vote for this shit. at January 14, 2013 06:02 AM (yiIja)
Posted by: Monty at January 14, 2013 06:02 AM (4Pleu)
Posted by: rickl at January 14, 2013 06:03 AM (zoehZ)
Amen.
You get what you pay for and free advice is well free.
I remind myself constantly not to ever pretend I can outsmart 300,000,000 people on economics.
Wish Paul Krugman would do the same.
Posted by: sven10077 at January 14, 2013 06:05 AM (LRFds)
If you can get more utility out of the liquid dollars now and put it into non-perishable quality of life like food, and water purification potential it would be silly not to go after security investment now before panic buying forces up prices past inflationary dollars.
Thanks for the reply.
Between pensions and 401s and 403s and IRAs, we have a good income. Trying to convince the wife we need to prepare for rough times would be difficult. I guess I would rather have the money that we are prepaying the principle at our disposal instead of wrapped up in a house. It was my idea to prepay, now I get to try and tell the wife it may not have been a great idea. I will probably back off for a year and see which way the crap storm flows.
Posted by: Bruce at January 14, 2013 06:06 AM (D/OWC)
Hey BB if wife loses her career I may need YOU to teach me machining.
You should really consider perhaps engaging in unpaid make work to teach craft skill for baseline work or charge people to get "help' and make it peanuts.
Brother there is an underground machining market dying to be ran off the books out there.
My boss made mad coin in Louisiana after he took up radiator repair and rebrazing from old farmers who wanted their stuff saved off the books.
Posted by: sven10077 at January 14, 2013 06:07 AM (LRFds)
of course, it's not like i have aj*b or anything to go to... %-)
Posted by: redc1c4 at January 14, 2013 06:08 AM (8MasJ)
-----------
If by "floated" you mean mentioned as an idea, Schwartzenegger did it a few years ago. Pulled back a bloody stump, he did.
Posted by: Citizen Anachronda at January 14, 2013 06:08 AM (1c58W)
It sounds like you are ants not grasshoppers.
Have you considered depending on how much land you have trying to sell her on the notion of "hobbies?"
I know that my mother in law would have been far better served having a nice garden than a beach condo at a beach they hardly used.
The thing is you can disguise a lot of prep as "saving for a rainy day" if you try, and if you have a basement say "buying in bulk saves."
Anyway if you are on solid footing and your CPA gives you the impact of the ups and downs of DOOM! and strategy you'll probably be fine.
Posted by: sven10077 at January 14, 2013 06:10 AM (LRFds)
Posted by: Monty at January 14, 2013 06:10 AM (4Pleu)
Posted by: Monty at January 14, 2013 09:58 AM (4Pleu)
Last week, my son (who refused to go to college) hired my daughter who spent 6 years - and a ton of my money - getting a worthless degree.
When he was 16, the boy went to Cisco for training on their routers, obtained a number Microsoft certifications and started servicing small businesses. A few years ago, an office systems company absorbed his business and now he runs the computer integration division with a six figure salary and percent of the profits.
A friend who runs an executive search company had his son apprentice with a plumber for 3 years. He bought him a truck, all the tools and gave him some cash for expenses. Now, the son is hiring other plumbers to handle the volume of customers.
College for the average kid is a waste of money.
Posted by: jwest at January 14, 2013 06:11 AM (ZDsRL)
Thanks for the tips and will investigate a financial planner. My knowledge is lacking on this type of stuff. I don't want to be rich enough to be taxed for having to much (snort), I just don't want to live in a box under the bridge.
Posted by: Bruce at January 14, 2013 06:12 AM (D/OWC)
Posted by: Sefton (not J.J.) at January 14, 2013 06:14 AM (f9oS6)
Posted by: Judge_Roy_bean at January 14, 2013 06:14 AM (kLs5Y)
Doesn't the vision of armies of unprepared, and clueless hipster douchebags huddling over steam grates warm the cockles of your heart?
Works for me.
Posted by: Sean Bannion at January 14, 2013 09:45 AM (sbV1u)
There won't be any steam.
Posted by: DiogenesLamp at January 14, 2013 06:16 AM (bb5+k)
You are a mensch, never forget they are working to destroy the foundation bud.
I was a Socials Sciences guy who understood the proper role of the classics and history in a young mind and soul's rearing. This avalanche about to roll over us is not an accident and it is not unexpected. The western civ model grabbed the human race up out of quagmire and rendered the world we see.
Pity even an attempted defense of it at all, let alone a vigorous defense of its merits will earn you a blackball in many academic circles.
I know in the end mankind has the potential to have freedom, prosperity, and sense the only question is how much pain and time must be endured to get from here to there.
Posted by: sven10077 at January 14, 2013 06:16 AM (LRFds)
Even better.
Posted by: Sean Bannion at January 14, 2013 06:17 AM (sbV1u)
Thanks to your friends at EPA and the Sierra Club.
Far too many people refuse to grasp that the nation is being led by a malthusian death cult who wants to undo about 125 years of human progress.....
and it ain't the "anti-science" party.
Posted by: sven10077 at January 14, 2013 06:17 AM (LRFds)
Yes, we are definitely ants. The grasshoppers of the world drive me nuts. That being said I had to spend about 700 dollars on a suit, shirt and such over the weekend so I look "nice" for a wedding of a friends son that is coming up. I'm still shaking a little bit.
Thanks for your ideas and help.
Posted by: Bruce at January 14, 2013 06:18 AM (D/OWC)
Posted by: alliedee at January 14, 2013 06:18 AM (9fSAa)
Posted by: Monty at January 14, 2013 06:19 AM (4Pleu)
Posted by: Matt Foley, Motivational Speaker at January 14, 2013 10:15 AM (sbV1u)
We've already got an option on the hobo waterfront.
Posted by: jwest at January 14, 2013 06:20 AM (ZDsRL)
Posted by: Parker at January 14, 2013 06:22 AM (YkW3i)
I did not look down on my kin, they were happy enough and not fueled by envy. Spent their time farming and hunting, and making moonshine.
Happiness ain't a bank statement, and worth is not in your 1040.
I'll put it this way, I can be happy with 5 bucks to my name and miserable with six figures in the bank.
I've done both, too many people are addicted to commerce for its own sake and price structure is horribly out of wack.
Now the difference between me and lez Warren and Obama and OW$ and Fee$hit Army is I have faith in people eventually reestablishing equilibrium and history has proven me right more often than not.
They want to have a national pie cutter divvy up the spoils....
the only problem I have seen with that model from a purely economic sense is that when that is the game being played efforts better spent for mankind at large engaging in productive activity starts being used to watch the "pie cutter" like a hawk by the moral and lobbying for a few more crumbs by the immoral.
Even my son grasped at 7 years old the answer is 'make more pie.'
Posted by: sven10077 at January 14, 2013 06:22 AM (LRFds)
Monty,
I have talked to the CPA a number of times, and he has helped us. We would like to have more, it's the nature of the beast, but we are comfortable and able to do some of the traveling we want. As for heirs, we have none, notta, zip.
And we tell our nieces and nephews that the will in under constant revisions!!!
Posted by: Bruce at January 14, 2013 06:25 AM (D/OWC)
Posted by: sven10077 at January 14, 2013 10:16 AM (LRFds)
And Judeo-Christian ethics are the foundation of it. People don't seem to realize it is the society thus created that made Western Civilization possible.
Posted by: DiogenesLamp at January 14, 2013 06:27 AM (bb5+k)
Posted by: Jean at January 14, 2013 06:27 AM (2x+V2)
You get it.
The nation is sick because of envy. The envy is there at all times in the human soul thanks to our "inner monkey" but in a healthy culture is held in check by faith that work and frugality can give you growth potential. How much money Buffet has bothers me not a whit so long as Buffet did not steal it and is not actively preventing me from gain.
Of course Buffet cannot resist those efforts so I hate him, not because of jealousy of his worth but because of his actions in trying to control the system that allowed him the fucking gain in the first place.
I am slowly getting to the point I am leaving my family who are envy based behind and forcing myself to develop a system of people I know are based on growth, freedom, and interlocking prosperity through free commerce.
I suspect if the AGW death cult was correct, and Antarctica really was thawing out we'd be seeing a potential land rush by similarly minded people.
In a perfect world the failure of the American model would be seen as a system that had strayed too far from economic liberty and into too much control and the rebuttal would be more liberty.
Instead I suspect we are going to see an attempt to reinstall divine right of kings with marx as god.
Posted by: sven10077 at January 14, 2013 06:29 AM (LRFds)
I can tolerate the DOOM, even though I played no part in it, IF those who did will be hurt much worse than me.
Assholes to a person, they are.
Posted by: irongrampa at January 14, 2013 06:30 AM (SAMxH)
and it ain't the "anti-science" party.
Posted by: sven10077 at January 14, 2013 10:17 AM (LRFds)
I have long thought that the Socialists are actually worshipers of death. Everything they advocate leads to it. Abortion, Homosexuality, Promiscuity, Euthanasia, Economic Collapse. Even their "green policies" result in death. Rachel Carson's propaganda has killed millions of people around the world since the 1960s.
Death is the common denominator of the left. The Latin word for left is "sinestra" meaning "sinister."
Posted by: DiogenesLamp at January 14, 2013 06:30 AM (bb5+k)
DL we're about to become the "new jews" assuming the collectivists do not murder us all.
I sincerely want as many of us as we can to make it, but caution we have to accept we are about to be persecuted.
Posted by: sven10077 at January 14, 2013 06:30 AM (LRFds)
Posted by: rockhead at January 14, 2013 06:31 AM (jtTKf)
Posted by: Jean at January 14, 2013 06:35 AM (Hw3Gh)
DL we're about to become the "new jews" assuming the collectivists do not murder us all.
I sincerely want as many of us as we can to make it, but caution we have to accept we are about to be persecuted.
Posted by: sven10077 at January 14, 2013 10:30 AM (LRFds)
This is what I see coming as well. When there are enough grasshoppers, they will see if they can take what the ants have accumulated.
Posted by: DiogenesLamp at January 14, 2013 06:36 AM (bb5+k)
So, just call me maybe.
Posted by: captainfish at January 14, 2013 06:37 AM (HgkYj)
"Shut up and work."
Sometimes the simple brutal truth might be the best.
Posted by: sven10077 at January 14, 2013 06:44 AM (LRFds)
Posted by: BackwardsBoy, who did not vote for this shit. at January 14, 2013 06:45 AM (yiIja)
Posted by: Tex Lovera at January 14, 2013 06:47 AM (wtvvX)
>> Wisconsin lowering state taxes...yeah! However, I am sure the Illinois DOOM will creep north.. <<
We're already setting up toll booths for the fleeing FIBs.
Posted by: steveegg at January 14, 2013 06:51 AM (o44nj)
Posted by: Polliwog the 'Ette, still a Hobbit at January 14, 2013 07:19 AM (wbeNt)
It cannot hurt, except that a lot of what they are learning on business may be in krugmanese.
Hindsight being 20/20 I wish I had hedged my future prospects with something other than "play in chemical soup."
If you kids are already of the mind to have a real skill on top of an education then they are probably going to be able to avoid most of the pap colleges will try to feed them on the ethics of money and business.
I have three goals with the rest of my life.
1) engage in enough just in time logistics work to get the cpital to start up my spread ideally supplementing what spouse gets as a pension if God and the marxists allow it.
2) invest in gaining the skills necessary to start up a small hand to mouth business in converting surplus ConExes into self-contained living modules this too will take either capital or leveraging my spread or debt potential.
3) using what gains I make to invest in small businesses for a % of the profit as a defacto annuity, a pizza joint here, a bike shop there if I invest enough capital to help people develop real business and enough of those make enough gain that i can have a spare 500-2000 a month when taken as a whole I will be whistling Dixie.
The banks, and politicians have our nation in a trap and we as theoretical free market citizens by birthright have failed to keep them under control instead bitching and angling for dane'sgeld that perversely is taken from our work anyway.
Posted by: sven10077 at January 14, 2013 07:31 AM (LRFds)
If it comes to that and we lose it all I will take you up on it.
If we make it to retirement and I have money/time to kill I will at least make a cameo.
I find as i age and grasp how the engine of a healthy economy works that our nation has severely undervalued the machinists, and schlagmen.
We let the unions price our trades out of competition, and we all suffer for it.
Posted by: sven10077 at January 14, 2013 07:33 AM (LRFds)
Posted by: Infidelswine at January 14, 2013 07:53 AM (R81AT)
Posted by: The Poster Formerly Known as Mr. Barky at January 14, 2013 08:10 AM (qwK3S)
In fact, what happens is that the very people an economy needs the most (young, dynamic, industrious) leave while the most expensive and unproductive (the old, the poor, and the sick) stay.
Which is why the East Germans built the Wall. The old, the poor, and the sick could leave whenever they wanted. They were worthless to the Reds, who view people as factors of production. You don't keep around a broken lathe, do you?
Posted by: Jay Guevara at January 14, 2013 08:10 AM (ZTfHa)
Posted by: Valiant at January 14, 2013 08:11 AM (aFxlY)
see Cuban Boat Lift to Florida and castro "flushing his toilets."
The GOP ain't the one who likes to have dinner with that guy.
Posted by: sven10077 at January 14, 2013 08:14 AM (LRFds)
And why is it good that Monty's DOOM is back?
1. It makes us aware of economic conditions
2. Being aware helps us make good decisions
3. Being able to make good decisions gives us power.
4. Reading about the MFM in constant O-fellate mode makes us feel defenseless and powerless
5. Not so much with DOOM.
Power to the doomsayers! Viva la DOOM!
Posted by: shibumi at January 14, 2013 08:34 AM (z63Tr)
Great to see Doom back.
I'm upping my savings, but I don't know why.
Having money when the safety nets makes sense, yes. OTOH, once we hit inflation my savings will be ruined. That's one of the things that the Obamunists forget - anyone on the government dole, including soldiers and sailors as well as bureaucrats and transfer-payee's - are completely destroyed when inflation kicks in.
Even if it's only, say, 8% a year - there's no way for the government to increase their pay by that amount without printing more money... and that only makes things worse.
Businesses that create actual wealth can provide COLA's based on how quickly they can raise their own prices. It's not pretty, but this is typically a 3 to 6 month lag. Enough that the employees suffer, but they can "keep up."
Fed salaries and payouts? Much more difficult to increase. People sucking on the government's teat could easily be 15 or 18 months behind the curve - a very bad place to be.
Oh well.
Gold is a good inflationary hedge, but that market is so easily manipulated...
Posted by: RobM1981 at January 14, 2013 09:11 AM (4WC+3)
Posted by: Miss Scarlett with the lead pipe at January 14, 2013 09:53 AM (sZB0s)
Posted by: MtTB at January 14, 2013 10:10 AM (8E9QA)
Posted by: Odel Roo at January 14, 2013 10:37 AM (h5Cp+)
Welcome back Monty!
And DOOM! Sweet, merciless DOOM! Run to me, embrace me my love. Then let the rebuilding begin!
Posted by: Stateless_Infidel at January 14, 2013 10:48 AM (AC0lD)
Posted by: puddleglum at January 14, 2013 11:02 AM (s8GFb)
Posted by: Midnight Clad at January 14, 2013 02:40 PM (PtL5V)
Posted by: macbrooks at January 15, 2013 06:56 AM (Kcjfs)
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Posted by: DangerGirl - feeling empty at January 14, 2013 04:38 AM (PQ63m)