Archive for the ‘economics’ Category

Woman charged with making a false rape accusation!

Monday, December 12th, 2011

A woman is being charged with making a false rape accusation!

Gasp!

Are pigs flying? Has the revolution come? Is marriage going to be legally restored?

No. She is charged with making a false rape accusation against a minority. She should have done what everyone else does, make false rape accusations against lower income and/or rural members of the majority ethnic group of males.

Sarbanes-Oxley:

Sunday, December 11th, 2011

Sarbannes-Oxley does to double entry accounting, what the Occupy Movement did to poop control.

Sarbannes-Oxley was correctly predicted to be a gigantic job killer and an obstacle to innovation.  It has also turned out to be a license to steal, as has been demonstrated dramatically in the collapse of MF Global.

You know how the Occupy crowd is calling for personal bailouts and high status government funded virtue jobs.  In Europe, by and large, their equivalents have government funded virtue jobs.  President Obama and company tell each other that this is an investment in our future, and after they say it enough times, they start to believe it.  And so, when MF Global’s clients thought they were investing in gold futures or such,  Jon Corzine (former Democratic party Governor of New Jersey) being wiser than his social inferiors who do not know that investing in gold is politically incorrect and investing in Greek bonds is politically correct, and thus bound to be highly profitable, took their money and invested in loan guarantees to governments without telling them, which were ultimately investments in virtue jobs for the kind of people who at Occupy encampments are apt to poop in grossly inappropriate places, thus ultimately “investments” in people inadequately toilet trained and disinclined to do any real work.

And Jon Corzine’s accountants and auditors, PricewaterhouseCoopers, in accordance with Sarbanes-Oxley, somehow neglected to tell anyone the money had gone. (more…)

Timing the coming hyperinflation

Friday, December 2nd, 2011

We have a bubble in government paper. Assessing the end of the bubble is, like assessing the end of any bubble, hard. (more…)

MF Global Obama

Tuesday, November 29th, 2011

John Corzine was the US Government, in the same sense, and to the same extent, as the Occupy Wall Street protestors are the US government.  He stole his depositors money, and pissed it away, not on wine, women and song, nor on gambling on stocks nor horses, nor at the casino, nor on purchasing little boys for sexual purposes, but gambling on Greece.

You know how the occupiers demand virtue jobs at government expense?  Jon Corzine was betting on the great productivity of Greeks who have virtue jobs at government expense. (more…)

Paper precious metals start to evaporate

Saturday, November 19th, 2011

Gerald Celente purchased six figures worth of gold futures, with the intent of taking physical delivery

He won’t be.

Jim Willie tells us:

The CME has advised that 1.42 million ounces of registered COMEX silver inventory is unavailable for delivery due to MF Global bankruptcy, as well as 16,645 registered ounces of gold also unavailable for delivery.

He tells us that there will be naked shorting of gold, but it seems to me that MF Global was already doing naked shorting. (more…)

Stultum facit fortuna

Wednesday, November 16th, 2011

Whom fortune wishes to destroy, she first makes mad.

Consensus leads to the madness of crowds, not the wisdom of crowds.  As we move to a government ruled by consensus, and intrusively pervading every aspect of society with its power, madness and evil prevails. (more…)

The sins of “Occupy Wall Street”

Friday, November 11th, 2011

This should not be necessary, but I observe right wing blogs blissfully unaware of what has been going on, so, a list: (more…)

Herman Cain sticks it to political correctness

Wednesday, October 26th, 2011

At 41 seconds into the ad, the speaker says:  “We can do this, we can take this country back”, and takes a drag on a cigarette.

So who are we taking it back from? 

We are taking it back from the scolds and self righteous naggers.

(more…)

The cause of the decline

Sunday, October 16th, 2011

Lately there as been a lot of concern about the increasingly visible decline of the west, notably Peter Thiel on “The  End of the Future”: (more…)

The Great Recession

Friday, October 14th, 2011
The Great Recession

The Great Recession

(more…)