Archive - Sep 19, 2011 - Blog entry

Hopefully it will never come to this ...

President Obama's proposal to cut the deficit by x trillion dollars is another punch line in the serial joke that our political machinery has been telling us: that deficits will be "cut" in ten years, while the opposite is needed immediately.

Does anyone seriously believe that the reason we have high unemployment in America is because we have a substandard infrastructure? Apparently the politicians in Washington believe so.

Warren Buffet is at the top of my bloviator list since he and Bill Gates (Sr. and Jr.) have talked about how they are under-taxed, how estate taxes are too low, and how rich people should give all their money away for charitable purposes. Forget the fact that Warren Buffet is a great businessman, or, rather, was a great businessman. The man is a phony. He is a cheerleader for Obama's failed policies. And he has relied on bailouts to make his investments good.

It's hard to tell if the idea that Ron Paul cannot win in 2012 is more ignorant, in its complete lack of historical sophistication, or more arrogant, in its claim to certainty amid all the complexity of 300 million lives and the myriad issues that affect them.

Those kids are alright...

A detailed conversation with a Solyndra insider.

I fully believe that we may in fact be on the verge of a Crash in the markets. All the Red Flags are there. Europe’s entire banking system is on the verge of systemic collapse. Take a look at European banks and you’ll see what I mean.

I'm going to appear on the Max Kesier Show Tuesday and will do something that very few rarely do. I will walk through a hypothetical (actually, not so) run on the bank and show in detail what the fallout will be. This post will serve as a detailed outline.