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by geekster
Fri May 27, 2011 9:22 am
Forum: Open Discussion
Topic: The Long Cold Winter
Replies: 1527
Views: 156106

Ryan's proposal will NOT save us. If I remember correctly, the 5 year projection has us with a $ 19 trillion deficit,,,, Ryan's proposal would bring that number to only $ 17 trillion. The CBO says that debt service will take 100 % of GDP by then. Medicare is the Boogeyman. I believe that I read a f...
by geekster
Fri May 27, 2011 12:32 am
Forum: Open Discussion
Topic: The Long Cold Winter
Replies: 1527
Views: 156106

Have you read what is happening in Belarus http://www.bloomberg.com/news/2011-05-25/belarus-headed-for-economic-meltdown-51-ruble-plunge-vtb-capital-says.html But what was most interesting about all this demagoguery surrounding Ryan's Medicare proposal was this: This is Bill Clinton happening across...
by geekster
Mon May 23, 2011 10:41 am
Forum: Open Discussion
Topic: MY FAVORITE VIDEO (TODAY) IS...
Replies: 3326
Views: 345728

[youtube][/youtube]
by geekster
Mon May 23, 2011 12:01 am
Forum: Open Discussion
Topic: The Long Cold Winter
Replies: 1527
Views: 156106

I guess that hopey changey stuff isn't working out for Spain, either. http://www.cnbc.com/id/43129781 Looks like the Socialists were thrown out of seats they had held since Franco left power. In the last few months, this is the third major election where the left was tossed out on its ear. First wer...
by geekster
Fri May 20, 2011 7:48 pm
Forum: Open Discussion
Topic: MY FAVORITE VIDEO (TODAY) IS...
Replies: 3326
Views: 345728

[youtube][/youtube]
by geekster
Mon May 16, 2011 1:31 am
Forum: Open Discussion
Topic: MY FAVORITE VIDEO (TODAY) IS...
Replies: 3326
Views: 345728

The Gate/Perimeter version:

[youtube][/youtube]
by geekster
Mon May 16, 2011 1:18 am
Forum: Open Discussion
Topic: MY FAVORITE VIDEO (TODAY) IS...
Replies: 3326
Views: 345728

[youtube][/youtube]
by geekster
Mon May 16, 2011 12:09 am
Forum: Open Discussion
Topic: The Long Cold Winter
Replies: 1527
Views: 156106

Using the pre-1990 method of computing the Consumer Price Index and the unemployment rate, the "misery index" (inflation + unemployment) has now surpassed 25. Using the pre-1990 formula, inflation is over 10% (while the government tries to tell us that inflation is 4.8% using the new method) and une...
by geekster
Sun May 15, 2011 1:17 pm
Forum: Open Discussion
Topic: MY FAVORITE VIDEO (TODAY) IS...
Replies: 3326
Views: 345728

[youtube][/youtube]
by geekster
Fri May 13, 2011 10:53 pm
Forum: Open Discussion
Topic: MY FAVORITE VIDEO (TODAY) IS...
Replies: 3326
Views: 345728

[youtube][/youtube]

Disturbing.
by geekster
Fri May 13, 2011 10:51 pm
Forum: Open Discussion
Topic: Shutdown of GOV
Replies: 61
Views: 4920

If the government shuts down I will:

Get up.
Go to work.
Come home.
Go to sleep::
by geekster
Mon May 09, 2011 11:40 am
Forum: Open Discussion
Topic: The Long Cold Winter
Replies: 1527
Views: 156106

More data to throw on that fire: http://www.marketwatch.com/story/housing-crash-is-getting-worse-2011-05-09?link=MW_latest_news Housing was down in all but four metro areas. Money quote: [quote] What a foolish boondoggle those tax breaks for home buyers have turned out to be. The government spent an...
by geekster
Sun May 08, 2011 2:27 pm
Forum: Open Discussion
Topic: What is Burning Man?
Replies: 28
Views: 2672

Burning Man is a piece of art constructed on a blank canvas of a dry lake. It is a form of meta-art. It is an art project made of many other art projects that becomes different the instant you come through the gate. You have no choice but to participate because once you are there, you become a part ...
by geekster
Tue May 03, 2011 11:18 am
Forum: Open Discussion
Topic: The Long Cold Winter
Replies: 1527
Views: 156106

Exactly. His analysis of the basic situation is sound. His mitigation suggestions are full of crap. Might want to watch this Ustream at 5pm Pacific: http://www.ustream.tv/channel/brian-riedl-slu From the Showme Institute in Missouri. Basically he has the process of balance of payments right. He also...
by geekster
Mon May 02, 2011 12:26 pm
Forum: Open Discussion
Topic: The Long Cold Winter
Replies: 1527
Views: 156106

He is absolutely correct in his analysis of why the US can simply print money to escape debt as long as we are the global reserve currency and that once we are no longer the reserve currency, that ability goes away. Right now countries are forced to buy dollars for such commodities as oil and food. ...
by geekster
Mon May 02, 2011 11:25 am
Forum: Open Discussion
Topic: The Long Cold Winter
Replies: 1527
Views: 156106

Go to the bathroom, get a cup of coffee, and watch this. This describes precisely the same conclusions I have come to. It always feel validating to see someone else reach the same conclusions independently. It's long. I haven't figured out how to pause it. It is worth watching. http://www.stansberry...
by geekster
Sun May 01, 2011 12:17 pm
Forum: Open Discussion
Topic: The Long Cold Winter
Replies: 1527
Views: 156106

http://online.wsj.com/article/SB10001424052748704330404576291772245610028.html Or as Nathan Wurtzel said: "Here's why Obama and the Soros-Podesta Complex are talking about Trump. They don't want you talking about this:" Companies that blend ethanol into fuel get a $5 billion annual tax credit, and t...
by geekster
Thu Apr 28, 2011 5:05 pm
Forum: Open Discussion
Topic: The Long Cold Winter
Replies: 1527
Views: 156106

So, for today we have yet more: NEW YORK (Reuters) - Silver soared to an all-time high on Thursday and gold rose to another record, as a falling dollar and signs that the Federal Reserve would maintain a loose monetary policy boosted precious metals' appeal as a hedge against inflation and economic ...
by geekster
Thu Apr 28, 2011 9:36 am
Forum: Open Discussion
Topic: The Long Cold Winter
Replies: 1527
Views: 156106

That's kind of my point. They put out these "growth estimates" hoping for a psychological bounce that creates a self-fulfilling prophesy. Then they provide inflated numbers at the end of the quarter and then quietly revise them down later. In other words, at the end of a quarter or month they might ...
by geekster
Wed Apr 27, 2011 7:54 pm
Forum: Open Discussion
Topic: The Long Cold Winter
Replies: 1527
Views: 156106

Well, I guessed the wheels would be falling off the cart in March. But apparently I was one month off. The Fed cut its growth estimate for 2011 to between 3.1 percent and 3.3 percent from a January forecast of 3.4 percent to 3.9 percent. I'll be shocked if they get that much after later revisions. T...
by geekster
Wed Apr 27, 2011 1:13 am
Forum: Open Discussion
Topic: The Long Cold Winter
Replies: 1527
Views: 156106

There's plenty within walking distance.
by geekster
Tue Apr 26, 2011 7:59 pm
Forum: Open Discussion
Topic: The Long Cold Winter
Replies: 1527
Views: 156106

Actually, the problem IS Bernanke or at least the policy he has been tasked to carry out. The problem is this: Obama thinks he needs to spend trillions more dollars than he actually has. This means that he needs to borrow like there is no tomorrow because revenues are down. Generally what one does w...
by geekster
Mon Apr 25, 2011 10:10 pm
Forum: Open Discussion
Topic: The Long Cold Winter
Replies: 1527
Views: 156106

http://blogs.dailymail.com/donsurber/archives/32861

Absolutely brilliant, the entire article, absolutely dead ON (well, except for the Ron Paul part).

Oh, and who was the largest corporate donor to the Obama campaign?

Goldman Sachs.
by geekster
Mon Apr 25, 2011 9:54 pm
Forum: Open Discussion
Topic: MY FAVORITE VIDEO (TODAY) IS...
Replies: 3326
Views: 345728

[youtube][/youtube]
by geekster
Tue Apr 19, 2011 8:25 pm
Forum: Open Discussion
Topic: The Long Cold Winter
Replies: 1527
Views: 156106

The dollar as reserve currency made sense in the post-WWII world. The US was the only major manufacturing economy on the planet. We were the largest in production of practically every raw and finished product. We were the world's number one oil exporter. That all began to change in the 1980's when J...
by geekster
Tue Apr 19, 2011 5:57 pm
Forum: Open Discussion
Topic: The Long Cold Winter
Replies: 1527
Views: 156106

Dollar isn't going to be the reserve currency much longer. IMF is already moving to a "basket" approach.

But hey, at least we can give the unemployed capes!

http://news.yahoo.com/s/ap/20110419/ap_ ... unemployed
by geekster
Tue Apr 19, 2011 5:40 pm
Forum: Open Discussion
Topic: MY FAVORITE VIDEO (TODAY) IS...
Replies: 3326
Views: 345728

[youtube][/youtube]
by geekster
Tue Apr 19, 2011 4:50 pm
Forum: Open Discussion
Topic: MY FAVORITE VIDEO (TODAY) IS...
Replies: 3326
Views: 345728

[youtube][/youtube]
by geekster
Mon Apr 18, 2011 11:42 am
Forum: Articles
Topic: A Burner Lexicon
Replies: 379
Views: 65528

"can we discuss use of the word "Epic" on the Playa"

I have a problem with the use of "super" as in:

super cool
super friendly
super helpful
super souper

whatever. Everyone can't be "super" and usually the word "very" will do just as well.
by geekster
Mon Apr 18, 2011 11:37 am
Forum: Articles
Topic: A Burner Lexicon
Replies: 379
Views: 65528

The first recorded example of shirt-cocking occurred on the morning after the great San Francisco earthquake of 1906:
A man, clad only in a shirt that reached to his middle, came dashing down the street.
http://www.sfgate.com/cgi-bin/article.c ... 1J11IN.DTL

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