Biased Agendas

Perhaps some of you can remember back to the Good Ole Jimmuh Carter days where interest rates on a used car started at 11.5% and up and Oh, just try to buy a house. Jimmuh liked Socialism, thought it was good for the little people. That’s mere “peanuts” compared to what the Bamster bunghole had in store for you.

This is NOT a mere ‘coincidence’… from Rico

Who was President of the US from 2009-2016?
– No, I am not referring to the fake Social Security number he used, the fake Birth Certificate he produced, or even the fake name and persona…I refer to the sudden ‘explosion’ of the US money supply. Look at the attached chart. We can talk about the doubling of the national debt during the same period another time, but be assured that neither one was a mere ‘coincidence’ it was an intentional effort to smash America financially.

Doubt me? Consider Weimar, Argentina, Zimbabwe and Venezuela.
– How many of those people wished they had Gold instead of fiat currency?

It’s too late for you when you have both too many and not enough paper fiat notes at the same time.


Big Spenders

Well it’s off to the races one time more, once more. Twixt Trump’s tariff announcement and the uproar from the EU and our Congress, the markets are back on their Pogo stick.

It is 10:55 and the DOW is down 99± after having a pre-market future of -300±. Bet on Lettuce to come in a head and tomato to ketchup.
As for the metals, gold was up 13± USD and silver up 48¢/oz.
Today, not so much.

[Most Recent Quotes from]

What do we think about the tariffs?

Screw the politicians. Bet on human nature.
The Pols say they’ll tax US exports such as motorcycles, Wrangler jeans, bourbon and who knows what else. The Europeans are far more adept at protesting and getting what they want than we are. They want American jeans without the higher price, they’ll get them. They’ll travel to buy what they want. (There it is like going from Vermont to New Hampshire to avoid the sales tax) The EU isn’t that strong.

Trump also will use the tariffs as a club to get what he wants, then drop them for his true bargaining position. Our politicians are far too wimpy to withstand that type of negotiations, especially the GOP.

Collectivist Banking

The Jackass Party constantly screams about ‘fixing’ Social Security. They’re the ones that fixed it but good in the first place when they decided to finance the Vietnam War with the Social Security Trust Fund. That was just the START!

If you want to see a deficit, make those turkeys in DC stop using the SS fund for daily spending and put it back into the place where it was: as closed fund solely for paying recipients of Social Security.

The real overspending of this government would then become apparent. They won’t be able to tax cut squat. They won’t be able to tax their way out of the mess; THEY WILL HAVE TO STOP SPENDING BECAUSE THERE ISN’T ENOUGH MONEY TO CONTINUE.



Like most males, I don’t waste my time shopping in stores. In stores, I buy and get the hell out. I know what I want and put my time to better use elsewhere.
Shopping is done online, researching the various items desired, prices and locations where they may be obtained. also if possible I shall make my purchase via the internet, saving the necessity of dealing with some individual who may not have knowledge of the product.

Violating my protocols, I accompanied a friend on his need to purchase a new iPhone. (I have no idea why one needs such a thing) Off we tootled to the nearest Apple store where he commenced discussing his desires with the most scrofulous individual they let behind the counter. Disreputable attire, half shaven demi-gotee and a stench of used tobacco product swirling around him. I’m not sure if that was his hair or a fright wig. The other ‘sales’ personnel looked slightly better but nothing that a delousing bath wouldn’t fix.

Which leads one to question just what are the wages paid by retail these days? That is a serious query; if these snowflakes cannot afford suitable raiment, how are they saving for their future, for retirement and how much is going into Social Security.

All the clangor and uproar from the Left, Congress and the Boomers over the insolvency of the program is approaching, one has to ask who and how much is being contributed by those working. A dearth of contributions surely means a shortfall of distributions. Given that the Government spends what is contributed as it comes in, the system never gains as it once did.

Some millennials have good paying positions, save and are prepping for their retirement. More, however, are not. And those squawking bozos in our institutions of lower learning believe the government is responsible for taking care of their future, failing to understand that the Government has no money, only yours.

These individuals looking like they live as indigent workers will find some sort of disruption in that style. Trump might be that bump in the road. As the GDP rises, wages and productivity will also, money will drive a culture change. It is like gentrification of a neighborhood. Inexorable, constantly occurring and it moves out the undesirable. In this instance, the undesirable are the nonperforming. Or the system crashes.
Given the numbers of payees contributing and amounts, bet of the crash.

Social Security is a Ponzi fraud no matter how one slices it.


Here today, Gone today

For those that figured to ‘get quick rich’ in Bitcoins, you had a better chance of scoring fast in a NY 8thAve three card monté game.

Bitcoin Is Falling Fast, Losing More Than Half Its Value in Six Weeks

Bitcoin plunged below $8,000 in intraday trading, extending its sharp rout since the start of the year in a selloff triggered by a widening regulatory crackdown on cryptocurrencies.

Late Friday in New York, bitcoin had recovered to $8,524, down 6.8% on the day after slipping below $7,700. That was the lowest level since November.

At its low point, the digital currency had fallen about 60% from an intraday record of $19,783 in December, according to research site CoinDesk Inc. That marks bitcoin’s third biggest drop over the past five years. It fell 76% in the spring of 2013 and 85% from November 2013 to January 2015. [snip]

Meanwhile, some big banks are putting up roadblocks to buying bitcoin. JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp. said Friday that they no longer would allow credit-card holders to use the cards to buy bitcoin.

Regulatory scrutiny is behind much of the reason for bitcoin’s sudden fall. India is the latest country to crack down on the cryptocurrency market, following in the footsteps of China and South Korea. That pressure shows that governments are turning out to be much harder to circumvent than cryptocurrency advocates once thought. [snip]

In Japan, $530 million of a cryptocurrency called NEM was swiped in a heist on the exchange Coincheck Inc.

In the U.S., regulators have warned of fraud in initial coin offerings, a new form of fundraising by which a company creates a new virtual coin or token and offers it for public sale. The offerings have attracted billions of dollars.

Even Facebook Inc. is cracking down. The social-media company said this past week that it would stop running ads promoting cryptocurrencies and initial coin offerings.

“I don’t think this is the end of the line for cryptos, but I’m certainly not touching any until more stability can be reached,” Mr. Beene said.

If you can’t hold it, you don’t own it. Never forget that.
That applies to everything including PAPER currency.


Idiot’s Corner

“A fool and his money are soon parted.” A long dead English farmer and poet Thomas Tusser (1524-1580), a rather astute individual, coned that phrase. It still applies to those dumb enough to search for gold at ranibow’s ends. Think Beanie Babies and the Great bubble. All run up by the Gen X and the Millennials. None took an economics course but were going to be the next Captains of Industry.

GAME’S UP? Panicky Bitcoin investors struggle to withdraw cash from money exchanges as they look to ‘safe’ gold investments amid fears of cryptocurrency collapse

THERE are mounting fears that Bitcoin investors will struggle to get their cash out after the cryptocurrency’s value fell 40 per cent in a single month.

Many are looking to put their money in gold instead, with some European gold traders reporting a “five fold increase” in demand amid fears Bitcoin could collapse entirely.

But it could be bad news for investors tied up in Bitconnect who fear they will lose their money after the controversial trader announced it was shutting down.

It assured customers they would be able to withdraw at a “recent exchange rate” but “continuous cyber-attacks” have prevented them from doing so, Fortune reports.

Concerned investors have since taken to social media to complain they fear losing anything from a few thousand dollars to their entire “family savings”.

Adding to fears, some panicked investors have reportedly been tricked into handing over the contents of their cryptocurrency wallets by scammers presenting themselves as Bitconnect “customer support”.

Wall Street veteran Peter Boockvar has warned of an impending “epic crash” which could slash 90 per cent off Bitcoin, currently valued at around £8,300.

He told CNBC the cryptocurrency’s value could fall to between $1,000 (£718) and $3,000 (£2,154) over the next year.

This uncertainty is driving Bitcoin owners to invest in the more reliable gold, according to Daniel Marburger, director of Coininvest.

He told the Times how he sold 30kg of gold worth around £1million on “one crazy day” – January 16.

Marburger added: “It is an unprecedented time and shows the sway from bitcoin and other cryptocurrencies back to a solid, robust investment in these uncertain times.”

Investors are believed to mostly be exchanging their Bitcoins for sovereign coins of gold Britannia, one ounce of which is worth around £,1000.

The largely untraceable Bitcoins are beneficial to criminals who can use them to buy drugs and weapons on online black markets on “The Dark Web”.

They are less useful for everyday consumers who cannot buy goods or, say, invest in properties using the cryptocurrency.

Other gold merchants including Goldcore reported similar trends.

Its founder Mark O’Byrne said: “They [the bitcoin sellers] told us they were concerned that the massive price appreciation was unsustainable and they got nervous about it.”

One in three British millennials will have invested in a cryptocurrency by 2020, according to the London Block Exchange.

You can always tell the stupid, but you can’t tell them much!


The Glorious Heights of Socialism

Our wonderful batch of peckerwoods aka Snowflakes are getting the chance of their lifetime to see Socialism at it’s finest hour. For them the demise of the Soviet Union is something only to be read about in bland boks which probably are tainted by right wing bias.
However here in living color, in papers and digital art, they can enjoy the reality of hyperinflation, the joy of searching for food in empty stores and seeing the politicians tell them, with their mouths full, how the Government will provide. Be patient, OR ELSE.

In Venezuela, money has stopped working

A friend recently sent me a photograph that tells a powerful story about the situation Venezuelans find themselves in now. It’s not a very good picture, really, just a blurry cellphone shot of trash: some wrapping material, an old CD — the detritus left behind after a store was looted last week in San Felix, a city in the country’s southeast.

And yet I can’t stop thinking about it, because strewn about in the trash are at least a dozen 20-bolivar bills, small-denomination currency now so worthless even looters didn’t think it was worth their time to stop and pick them up.

The photo stopped me dead in my tracks. In theory, according to the “official” exchange rate, which long ago lost even a hint of connection with reality, each of those bills is worth $2. In fact, as Venezuela sinks deeper and deeper into the first hyperinflation the Western Hemisphere has seen in a generation, bolivar banknotes have come to be worth basically nothing: Each bill is worth about $0.0001 at the current exchange rate, meaning you need to have 100 of them to equal one penny. [snip]

Hyperinflation is disorienting. Five or six years ago, the 500 bolivars on the floor would’ve bought you a meal for two with wine at the best restaurant in Caracas. As late as early last year, they would’ve bought you at least a cup of coffee. At the end of 2016, they still bought you a cup of café con leche, at least. Today, they buy you essentially nothing … well, except for 132 gallons of the world’s most extravagantly subsidized gasoline. [snip]

Rule No. 1 of surviving hyperinflation is simple: Get rid of your money. Given the speed with which money is shedding its value, holding on to it means you’re losing out. The second you’re paid you run out as fast as you can to buy something – anything – while you can still afford it. It’s better to hold almost any asset than money, because assets hold their value and money doesn’t. [snip]

Not so long ago, in 2015 and 2016, you probably remember reading about the long lines outside virtually every supermarket for basic goods. Lines formed because the government put price ceilings on all staple goods, and as you learn in the first week of any introductory economics course, price controls breed shortages.

And yet, paradoxically, the fact that those lines did form was a signal that at least people expected they would find price-controlled goods inside if they had the patience to brave the wait. So when lines began to vanish late last year, it wasn’t a sign of improvement — shortages had grown so bad that people gave up. Affordable staples just disappeared from the shelves for good, leaving only luxury products at international prices that only a minuscule elite could afford.

Instead, the government improvised a clumsy new system to deliver a package of staple goods to people’s homes each month. Unsurprisingly, given the dire state of state finances, that system soon broke down. Too few packages were reaching too few homes, leaving a gap that could be filled only by looting stores still selling expensive goods at international prices.

Of course, few stores will think of restocking after they’ve been looted, and virtually none can find the capital to do so. So it looks as though we’re coming to the end of the line: Every last avenue for people to put a meal on the table has been exhausted. A video that went viral recently showed Venezuelans literally running into a cow pasture to stone a calf to death to try to get a meal.

How can Venezuelans go on? One thing is clear: No one in power much cares.

Hey Snowflakes, ask your smart pointy-headed Professor how this can happen in any socialist utopia? Ask him or her if they can even spell Zimbabwe? Cuba? How about any of the repressive socialist toilets scattered about where some socialist promulgator decided to ruin lives.