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Archive for December 2009

Once you’ve seen a UFO……..

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Your no longer a believer, but a “knower.”

Ronald Reagan’s UFO sightings and alien “Fantasy” speeches | Openminds.tv

I was one of the first to publish several articles about Reagan’s many references to what became a persistent theme in his speeches: that an alien threat would unite the nations of the world. I also interviewed Nancy Reagan’s astrologer, Joan Quigley, for the premier issue of the Spanish magazine Año Cero. In the early 90s I even hoped to meet the former president (through a close friend of the Reagan family who knew a good friend of mine in Hollywood circles), and ask him about his UFO experiences and the source of his alien speeches. That hope was quashed when news of his Alzheimer’s was released.

Of Reagan’s two known UFO sightings, one is fairly well documented and dramatic, the other just a second-hand sketch without date or exact location. It was disclosed in 1988 by comedian and radio host Steve Allen, who commented that a very well known personality in the entertainment industry had confided to him that many years ago, Ron and Nancy arrived half an hour late at a dinner party in Hollywood. The first thing they said is that they had just spotted a UFO coming down the coast.

The second incident is more dramatic and better documented. It occurred in the summer of 1974 when Reagan was governor of California and was flying on the governor’s Cessna Citation aircraft. We have the first-hand testimony of the pilot, Bill Paynter, who years later explained in a TV program they were at 35,000 feet in the vicinity of Modesto, when he was alerted by Reagan that a big light was following them. “The governor said, ‘well, let’s see if we can get a little closer to it,’ so we started moving towards it,” said Paynter. “It followed us just of—from the wing-tip probably a half a mile or a mile—and when we started turning towards it, it paralleled our flight, and…just took off.”

Ronald and Nancy Reagan in California in 1964

Ronald and Nancy Reagan in California in 1964

The following quote from Reagan about the incident comes from Norman C. Miller, who was then Washington Bureau chief for the Wall Street Journal and later became editor of the Los Angeles Times. “I was in a plane last week when I looked out the window and saw this white light,” Reagan told Miller. “It was zigzagging around. I went up to the pilot and said, ‘Have you seen anything like that before?’ He was shocked and said, ‘Nope.’ And I said to him: ‘Let’s follow it!’ We followed it for several minutes… to Bakersfield, and all of a sudden to our utter amazement it went straight up into the heavens.”

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Written by mrcauser

December 31, 2009 at 6:56 pm

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At first this seems counter-intuitive…….

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But we, the American consumer, have to go bust and start over in order to straighten out the national financial debacle that hasn’t ended yet. After going through it I can only tell you that is the scariest thing for most people to even think about. That’s why we vote for Big Government to put off the reckoning that will arrive.

Be ready for the boom. Clean up your credit. Save and pay off “junk” debts. In 5 to 10 years the next bust hits and everything becomes dirt cheap for people with cash and good credit. Happens after every deflationary bust.

In the forties if you had a couple of thousand you could have bought a mansion in the city, 5 0r 6 new cars, a lifetime supply of booze…. Whatever. This is history. 

I just bought $250 more in food. Wait til you see the prices this summer. Expect oil to rise because production has been cut and foreign countries are using American money to buy.

There is no reason for them to hold a dying empire’s cash. Check this out……

The recession is over but the depression has just begun | The Big Picture

So, what does this mean for the American and global economy?

1. The private sector (particularly households) is overly indebted. The level of debt households now carry cannot be supported by income at the present levels of consumption. The natural tendency, therefore, is toward more saving and less spending in the private sector (although asset price appreciation can attenuate this through the Wealth Effect). That necessarily means the public sector must run a deficit or the import-export sector must run a surplus.
2. Most countries are in a state of economic weakness. That means consumption demand is constrained globally. There is no chance that the U.S. can export its way out of recession without a collapse in the value of the U.S. dollar. That leaves the government as the sole way to pick up the slack.
3. Since state and local governments are constrained by falling tax revenue (see WSJ article) and the inability to print money, only the Federal Government can run large deficits.
4. Deficit spending on this scale is politically unacceptable and will come to an end as soon as the economy shows any signs of life (say 2 to 3% growth for one year). Therefore, at the first sign of economic strength, the Federal Government will raise taxes and/or cut spending. The result will be a deep recession with higher unemployment and lower stock prices.
5. Meanwhile, all countries which issue the vast majority of debt in their own currency (U.S, Eurozone, U.K., Switzerland, Japan) will inflate. They will print as much money as they can reasonably get away with. While the economy is in an upswing, this will create a false boom, predicated on asset price increases. This will be a huge bonus for hard assets like gold, platinum or silver. However, when the prop of government spending is taken away, the global economy will relapse into recession.
6. I believe this dynamic will induce a Scylla and Charybdis of inflationary and deflationary forces, forcing central bankers to add and withdraw liquidity in a manic way. The likely volatility in government spending and taxation gives you the makings of a depression shaped like a series of W’s consisting of short and uneven business cycles. The secular force is the D-process and the deleveraging, so I expect deflation to be the resulting secular trend more than inflation.
7. Needless to say, this kind of volatility will induce a wave of populist sentiment, leading to an unpredictable and violent geopolitical climate and the likelihood of more muscular forms of government.
8. From an investing standpoint, consider this a secular bear market for stocks then. Play the rallies, but be cognizant that the secular trend for the time being is down. The Japanese example which we are now tracking is a best case scenario.

That’s my thesis. What’s your view?
PERMALINK

*
* De.li.cious

Written by mrcauser

December 30, 2009 at 8:39 pm

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What does it tell us when states go bust…..

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Huh….. Maybe they should cut back and live within their means. I mean, why do state governments have to spend billions when the feds are paying for the same things. Wait til interest rates go up big time and we can’t buy all that junk,  let alone big ticket items that generate sales and property taxes.

Somebody has to pay for all this debt. I think we know who. This leads to a lower standard of living. Expect interest rates to go up in 2010 and scare the fuck out of the big shot gangsters who’s stooges in office will be thrown out big time. China, India, and Russia are now is buying gold and will stop buying our debt. As I’ve warned befor, that’s when the shit hits the fan. Then….

Surprise! Need to raise interest rates to pay for trillion dollar deficits. You get it in the ass. Not exactly rocket science.

On the home front, insurance company is paying off my totaled Suzuki and I just bought a 2004 Suzuki to replace it. Looks new and I paid $10000 out the door. I went to the credit union and picked up a check for $9350 and put $650 on my credit card. i got 4.5 % on the loan and $200 a month for 5 years. I’ll pay it off in two  or three and borrow more even though interest rate will probably be too high, for my retirement RV.

By the way, no money down is back. The secret is having your financing in hand before you shop. Pay off your loans and borrow a little more. Pay them off then borrow more, doing it over and over. And stay away from running credit card balances as that lowers your score. Just bank your paychecks and use your credit card for immediate expenses then pay your card off in full that improves your credit.

 Patti and I have 12 more payments on the mobile home and then we only pay $190 a month plus electric. I think we’ll do fine even with the extra couple of thousand in doctor bills from her operation. At least she goes back to work next week and I can make plans to start another business and generate some tax losses.

Being in business is the only way we can practice tax avoidance since real estate is such a long term mess.

More on this later.

I still would like to get to Florida and start my mobile home investing program for my retirement. I’ve already found a few bargains on the internet. Which only covers a fraction of the opportunities. People have to live somewhere, even broke dicks. heh heh.

States Scramble to Close New Budget Gaps – WSJ.com

The patches used by states on their ailing budgets just months ago are now failing.

Ohio lawmakers were expected late Thursday to vote on a compromise reached with Gov. Ted Strickland to avoid cutting education budgets an average of 10% on Jan. 1. In Arizona, lawmakers met in a special session Thursday — their fourth on the budget this year — to grapple with a new deficit. And in New York, Democratic Gov. David Paterson said Sunday he would postpone paying $750 million of state bills to avert a cash crunch.
[cutting deeper]

Many states eliminated expected deficits earlier this year with budget cuts, tax increases, short-term borrowing, accounting moves and planned gambling expansions.

But despite a slight improvement in the U.S. economy, states are now finding those measures didn’t go far enough. Tax collections continue to trail projections in some states, and court rulings and political battles have blocked some gap-filling moves.

Plus, some legislatures didn’t fully deal with the deficits, leaving the toughest decisions to governors. All states, except Vermont, have at least a limited requirement of a balanced budget.

Only a few states now have cash-flow problems. But if revenues continue to fall below expectations, the list could grow, said Scott Pattison, executive director of the National Association of State Budget Officers.

Written by mrcauser

December 29, 2009 at 7:42 pm

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Dem’s rule…..

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Poor morons. Oba mama in Denmark trying to sell the country down the river. Congress fighting over how quickly they can bankrupt the citizens. Republicans hanging tough as Reid and gang won’t include their participation. Dem’s backbiting as their money men demand more goodies for their constituents but can’t get 60 Dems to agree.

Sounds like good old gridlock to me.

Hopefully it will continue for the foreseeable future. Then we get rid of most of the criminals and find a new bunch. Heh heh

Written by mrcauser

December 18, 2009 at 6:33 pm

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Won’t be long now….

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Expect inflation statistics to scare the shit out of everyone.

Already for trillions of dollars are sloshing around the world’s  economy. Printed up to save the gangsters asses. No likely to save them, I believe, but time will tell. This money first chases stocks, bonds, currencies and especially commodities. Gold, silver, oil and soon food. Then we get beat up with consumer price inflation as oil prices catch up to pay for all those Arab schemes rebuilding the middle East into Nirvana. This massive wall of debt will bite us in the ass.

Re-inflating the bubble though is not going to be easy as something like 7 million houses are on the cusp of foreclosure. Businesses hooked on cheap credit are coming up short.Now the gang in Washington is playing with medical cost which is always dangerous for politicians as they need to keep so many unhappy people together to save the system which is collapsing around their ears.

So far, we “consumers” are bust and can’t save the system from itself. We need healthy incomes to keep the debts current let alone, pay it down. With most people on reduced hours, unemployment, disability, or not working to start with, doesn’t leave much else the government can do to generate the taxes to pay for services. Only borrowing from our ideological enemies, the Chinese.

What happens if the Chinese go bust over the next couple years? We can’t buy their trinkets. We actually need little from them. Oil? nope. Food? Nope. Toys? Really?

Only their money. Which we gave them in the first place.f You get the idea? They are tied to us until the end.

What ever that end is.

Written by mrcauser

December 15, 2009 at 9:39 pm

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Think we ought to wake them up?….

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The left swallowed the bullshit hook line and sinker. “Change we can believe in” simply means a rearranging the chairs on the Titanic . The system is too rigged to reform. It must crash completely. Until then, expect a new bubble to be created.

There is nothing else the gang in charge can do.

Politically there is no place to cut budget wise. No criminals (they are in charge) can be punished . Military spending must be maintained or the vets destroy the party in charge. Education is so corrupt that no cuts there or the unions stay home. The states , the Democrat bases on the whole,are  in disaster and need massive infusions of cash.

Can’t tax us much more as we are broke. The whole fucking bunch of us are flat busted. We owe more than we are worth. Try and sell something at a profit. Your house? yea, right. Your used car? how about your 401k, must be a lot of profit there….. good luck.

Only thing left is blood.

But not is all lost. Get out of debt. (Pay bills in full every month over the next couple years.) Save as much possible so you can participate in the next inflationary boom.

Will the gang be able to do it again? Why not? Who’s going to stop them? Banks borrow from the Fed for free. Lend it to speculators for commodity and Wall Street speculation. Profits trickle in to the business side. They hire and retool. Then borrowing of all kinds take off and prices explode.

Might as well prepare for it as it is inevitable with these guys in charge.But it’s really a lot of fun to listen to the Left bitch about it, right?

Obama’s Big Sellout : Rolling Stone

Barack Obama ran for president as a man of the people, standing up to Wall Street as the global economy melted down in that fateful fall of 2008. He pushed a tax plan to soak the rich, ripped NAFTA for hurting the middle class and tore into John McCain for supporting a bankruptcy bill that sided with wealthy bankers “at the expense of hardworking Americans.” Obama may not have run to the left of Samuel Gompers or Cesar Chavez, but it’s not like you saw him on the campaign trail flanked by bankers from Citigroup and Goldman Sachs. What inspired supporters who pushed him to his historic win was the sense that a genuine outsider was finally breaking into an exclusive club, that walls were being torn down, that things were, for lack of a better or more specific term, changing.

Then he got elected.

What’s taken place in the year since Obama won the presidency has turned out to be one of the most dramatic political about-faces in our history.

Written by mrcauser

December 15, 2009 at 12:54 am

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Watched an interview onTV today…….

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Senator Conrade. Seems we can’t cut spending… or raise taxes, during a recession. I guess we just bitch about it. These are the Dems who have complete control of the government. His solution: get the Republicans to make a ‘bi-partisan’ commission and make a solution that way. {More finger pointing}

These guys can’t be real!

Let’s dissolve Congress. Fire everybody in charge. Prosecute the bank big shots and all their Washington cronies. Outlaw lobbyist. Make elections open to all parties with free TV time. (we could advertise cigarettes and beer to pay for it)

Completely do away with income taxes using excise taxes to protect us from fraud, waste and abuse. Then  watch the economy take off.

There’s a few more things to be done, but that’s a start.

A guy can dream, can’t he?

Here’s a real solution: get a government job or disappear with a little business of your own.

Tell the fuckers nothing!

Written by mrcauser

December 11, 2009 at 7:40 pm

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