Wednesday, June 25, 2014

Again, nicely said

From the sharp mind and sharper pen of Richard Fernandez:

The men in the White House are like grifters who inherited a great fortune and have unexpectedly come into clothes, cars, houses and jets without the slightest clue how they were earned.  Not Downton but Chitown Abbey. Amazed at their good fortune they entertain hangers on, clowns and toadies at lavish parties; they dispense tawdry gifts to the favored and Obamaphones to anyone who shows up at the door.

Original here.

Friday, September 20, 2013

Well said!

The future isn’t going to be exactly like the past, but enough so that you shouldn’t delude yourself that high tech toys will stick around. Be ready to devolve. And not in a hippie commune tree hugging windmill powering the boom box playing a CD of bongos serenading unicorns kind of way but a nastier serfs starving amid Thirty Year Wars while dying of Plague kind of way.

Wednesday, September 18, 2013

Rudyard Kipling is awesome:

A.D. 980-1016

It is always a temptation to an armed and agile nation
To call upon a neighbour and to say: --
"We invaded you last night-- we are quite prepared to fight,
Unless you pay us cash to go away."

And that is called asking for Dane-geld,
And the people who ask it explain
That you've only to pay 'em the Dane-geld
And then you'll get rid of the Dane!

It is always a temptation for a rich and lazy nation,
To puff and look important and to say: --
"Though we know we should defeat you, we have not the time to meet you.
We will therefore pay you cash to go away."

And that is called paying the Dane-geld;
But we've proved it again and again,
That if once you have paid him the Dane-geld
You never get rid of the Dane.

It is wrong to put temptation in the path of any nation,
For fear they should succumb and go astray;
So when you are requested to pay up or be molested,
You will find it better policy to say: --

"We never pay any-one Dane-geld,
No matter how trifling the cost;
For the end of that game is oppression and shame,
And the nation that pays it is lost!"

Tuesday, May 14, 2013

Theo Spark: Money IN the Bank? Loser!......................fro...

 Welcome to the New Normal.  Ain't the future grand?  I am not in the isolationist camp at all, and I think generally globalization provides all kinds of opportunities.  Unfortunately (I now realize) it puts us into a game with a bunch of sovereign governments whose general premise is "all my citizen's stuff belongs to me".  If they play this (bail-in) game then the US is involved in a game where that is acceptable.  Not only acceptable, apparently, but already established as law.

Theo Spark: Money IN the Bank? Loser!......................from Rico...:

We have all been conned. hoodwinked, bamboozled into thinking that "money in the Bank" is a good thing.

It is not. - Remember Cyprus?

Money IN the Bank potentially makes YOU a loser.

The 'guidance' of the BIS, BoE, and FED re: the Cyprus situation was purposely vague, misleading, and overly 'technical' because to plainly cite the legal situation would send everyone running to their Bank with their hair on fire to immediately withdraw 'their' funds. [Read: Bank Runs]

In summary, this is exactly how "money IN the Bank" works:

- When you deposit YOUR money in the Bank, you transfer ownrship of that money To the Bank. It becomes THE BANK'S MONEY and as a 'depositor' you instantly become an unsecured creditor.

- You have a 'claim' on an equal sum of money and can ask for it back.

- If the Bank won't return an equal sum to you, it can be sued under tort law, so long as the Bank is solvent...providing you 'ask' for your money back.

- If the Bank is 'broke' then as an 'unsecured creditor' you wind up with pennies on the dollar or even zero since 'secured creditors' of the Bank get paid first.

This is the LAW. For reference, it was established under UK law in 1848 by 'Foley vs. Hill'...once a desposit has been made into a Bank, the Bank becomes a debtor and the depositor a creditor.

- The Bank has NO trusteeship or fiduciary duty to depositors, and cannot be prosecuted under criminal law (bet you're surprised that (a) Eric Holder was RIGHT on this point, and (b) not surprised that he did not cite the exact legal reason in his statement - Banks cannot be held liable to depositors for gambling [think 'OTC derivatives' and 'swaps'] or misusing [think risky loans, bad investments, sovereign bonds like Greece, or huge bonuses to themselves] with THEIR OWN MONEY).

Almost universally, depositors 'think' that money in the Bank is THEIRS. It is NOT. Almost no depositor thinks of themselves as a 'creditor'...much less an 'unsecured creditor.'

This is the 'scam' in plain sight. It's almost as funny as the saying 'sound as a dollar.'

In closing, with a respectful hat tip to Mr. Jim Sinclair, it's time to start getting out of the system.

- As Bank depositors learned in Cyprus, that 'money IN the Bank' isn't really there for them when things 'go South.' How many of them do you think now wish they had their assets outside the system before it blew itself up?

Friday, March 15, 2013

Thursday, March 14, 2013

Roy Roger's Prayer

I became a Roy Rogers fan later in life.  To me he is what Hollywood stars ought to be:  a good role model to folks who pay to see his movies.

Anyway, I just came across this, Roy Roger's prayer, which he asked to be said at the beginning of each Roy Rogers Riders' club meeting :

Lord, I reckon I'm not much just by myself,
I fail to do a lot of things I ought to do.
But Lord, when trails are steep and passes high,
Help me ride it straight the whole way through.

And when in the falling dusk I get that final call,
I do not care how many flowers they send,
Above all else, the happiest trail would be,
For You to say to me, "Let's ride, My Friend."


The Roy Rogers Riders Club Rules

  1. Be neat and clean.
  2. Be courteous and polite.
  3. Always obey your parents.
  4. Protect the weak and help them.
  5. Be brave but never take chances.
  6. Study hard and learn all you can.
  7. Be kind to animals and take care of them.
  8. Eat all your food and never waste any.
  9. Love God and go to Sunday school regularly.
  10. Always respect our flag and our country.
Good stuff.  Roy Rogers site here, at RoyRogersWorld.

Wednesday, March 13, 2013

I had a conversation with some anti-gun folks the other day.  They were wildly misstating and misinterpreting the 2nd amendment, and then saying "you're interpreting that using 20th century understanding of those words... I'VE looked into it and know really what they meant back then."  I explained that the Constitution and the Bill of Rights were argued at length in what are now known as the federalist papers, by folks who actually lived in the 18th century and who actually wrote the Constitution, and so probably had a better understanding of what they meant than this individual who was trying to twist their words into pretzels 200+ years later (e.g. "by 'right of the people', they meant 'right of the states to form militias'").

Anyway, I saw this on Patriot Post (, and it reminded me of that conversation.  Incidentally, the founding fathers were a pretty amazing bunch of guys.

"If the representatives of the people betray their constituents, there is then no resource left but in the exertion of that original right of self-defense which is paramount to all positives forms of government, and which against the usurpations of the national rulers, may be exerted with infinitely better prospect of success than against those of the rulers of an individual state."

--Alexander Hamilton, Federalist No. 28, 1787

Which was 18th century language for "gird your loins".