SC gold & silver buggism

Posted in Extremism, Fiat money fear and loathers at 8:58 am by George Smith

Laugh at Harold Camping but consider that the US is replete with extremists and kooks. And due to the shabby state of the nation many are in power locally.

In South Carolina, the fiat money kooks have been doggedly pushing state legislation that would:

[Mandate] that gold and silver coins replace federal currency as legal tender in [the] state.

South Carolina Rep. Mike Pitts has introduced legislation … banning “the unconstitutional substitution of Federal Reserve Notes for silver and gold coin” in South Carolina.

Pushed by a small group, something called the Sound Money Committee, it emanates the stink of the hardcore secessionist movement, that part of the crazy GOP tasked with keeping the Civil War going out in the sticks.

Because anything that subverts US currency is unconstitutional the South Carolina dollar abolitionists worm about the edges with wording like this, from a local Fox News affiliate:

Sen. David Thomas, a Republican from Greenville, wants to make gold and silver coins another option in the Palmetto State. Lawmakers are calling it the Sound Money Legislation … Thomas also wants a special joint committee to study the need and process for establishing an alternate currency.

“What do you think about about gold and silver coins being proposed as SC tender?” Fox asks.

Perhaps not so much. The photos accompanying the story show a small band of exclusively white, mostly old, people.

Some of them hold signs — “Say No to Tyranny, No to IMF”, abolish the dollar, get rid of the Fed — which do nothing except establish it’s more standard Tea Party nihilism.

Writes a secessionista, in a piece advocating the legislation:

Enter the Central Bank, or Federal Reserve System. Enter INFLATION. Creating new money is inflation of the money supply. That causes prices to go up, or in other words, the value of a dollar to go down. The purchasing power has been diluted. You have been robbed …

We live in a world of Fiat money–it’s money because the government says it is, and they get all they want. You still have to earn yours.

Arm the local pantywaist

Posted in War On Terror at 7:58 am by George Smith

Big arms transfer to Pakistan was always an atrocious idea.

Now it looks worse. Here’s the big pitch, somewhere in Washington:

Let’s sell even more American kit to a military with the most sissy reluctant soldiers and corrupt incompetent generals in the world. We launched an attack into the city that was the retirement home for them and, if they saw it coming, had no taste for the fight.

[All the retired generals who are now lobbyists/employees of Northrop, Raytheon, Lockheed, etc — applaud.]

And they have some widdle nuclear weapons. It’s so sweeet.

Yet another example of a protected social jobs program for US arms manufacturing, serving only mostly insane ends.

From the wires:

Pakistani commandos have regained control of a naval base after more than 17 hours of fighting with Taliban gunmen, in an attack that raised questions about Pakistan’s ability to defend itself from militants.

Pakistan’s Interior Minister Rehman Malik said Monday that 10 security personnel and 14 others were wounded in the brazen attack on the base in the southern port city of Karachi.

Pakistan’s military was ridiculed and accused of complicity in the media on Tuesday after a small group of militants laid siege to a naval air base, holding out for 16 hours against about 100 commandos and rangers.

As few as six militants infiltrated the PNS Mehran naval base in Karachi, the headquarters of Pakistan’s naval air wing …

It’s now fairly obvious what would have happened if the US military had engaged the Pakistani military in the raid to get bin Laden. It would have destroyed a good chunk of the kit the US government has sold them in the last ten years.

Although the western press hasn’t picked this up, the Pakistani military is so poor it has resorted to planting stories in that country’s press that we used non-existent electromagnetic pulse weapons on them.

How else to explain, except through techno-magic in the hands of the foe, your glaring weakness?


Arnold Sings 2.0

Posted in Phlogiston, Rock 'n' Roll at 7:38 am by George Smith

Hello cutie pie!

Arnold’s taste for relentless fun between the sheets begged for a musical treatment, something to update “Carla Sandwich.”

Only something boffing bopping, manly and with a decent hook would do service to his thirst for women at the expense of family, fidelity, grace and common sense.

The trick was finding something Arnold had uttered, a “great” line, something that would imprint the basic story at once.

So I fell out of my chair laughing when I heard the big man say “Hey cutie pie!” from one of his movies. (Know which one? It’s out of context.)

Then it wrote itself.

So here we go — “Hey Cutie!” — with Arnold’s inimitable vocal contributions, easy pickings because of the omnipresence of his movies.

Gear wise, it’s mostly plain Adrenalinn III, used to set a Seventies glam-rock style.

Need a funny or sad rock ditty set to the headlines, on demand? Fast turnaround and timeliness, guaranteed.

Keywords: Schwarzenegger, maid, housekeeper, scandal, Arnold jokes


Goldbug survivalists vs End of Worlders

Posted in Extremism, Fiat money fear and loathers, Imminent Catastrophe at 8:16 am by George Smith

Worth a mordant smirk, here’s a piece from the Edmonton Sun on America’s most prominent whack jobs this week — the 6 PMers.

We don’t have so many nuts people like that here in Canada, says the story’s primary source, a man who runs a survivalist supply store.

Then the fun really begins. No, his is a different flavor of extremist. The 6PMers think they’re going to heaven. The others — the ones with their eyes really on the ball — will be setting up shop in their Farnham Freeholds, saved by their gold, guns and stock of pemmican.

You’ll note the military dry goods man also has more intellectual elasticity going for him. After 6PM today, he knows his beliefs won’t have had to suffer the savage public beating of global amusement.

The Edmonton Sun reads (complete with pic of guy sort of aiming his sniper rifle at your shnoz):

“Typically, Canadians seem to be a little more rational than that,” said Gordon McGowan owner of Mil Arms, Edmonton’s leading military and hunting gear supplier.

“We’ve seen these wackjobs since the 16th century predicting the end of the world. Personally, I’ve never met anybody astute enough to have a conversation with the being that guides us all.”

McGowan says you don’t see Edmontonians running around, stocking up for the impending apocalypse, because they’re far too logical to buy into the hype.

[On the other hand, it’s never too late to buy gold and ammo — DD]

In the event of an act of terrorism, ecological fallout, economic meltdown or zombie invasion, McGowan — tongue firmly planted in his cheek — suggests you follow one simple rule, made famous by such apocalyptic films as The Stand, The Day After and 28 Days late: he who holds the gold, makes the rules.

“In a major, global disaster, it comes down to gold, guns and generators,” he said. “You have to make sure you have bartering tools, gold, jewelry etc. And if you don’t have resources, you’ll have to have the guts to what you need by force.”

For example, in the event vehicles are wiped out by an electromagnetic pulse, McGowan suggests noting the whereabouts of any nearby horses.

“If it came to the end of days, you need the skills to ride a horse and the guts to steal one,” he advised.

Methinks the Sun reporter may have been having a little bit of sport.

And since we’re on the subject, once again, of fiat money and the end of the US, we have these readings, also from the other side of the street.

First, my old fave, the genuinely mindbending Lehigh Valley Scripture Spouting Old White Dude, who informs readers one can tell the end is nigh by the following:

Punishing taxation, the predictions of Jerome Corsi, rampant abortion, unrestrained fiat money, the absence of fear of Hell in the irreligious, the commencing of cats and dogs fucking in the streets.

And the precious metals/Zimbabwe note investment adviser — who cites this blog in an act of unintended flattery.


The bioterror industry pimp

Posted in Bioterrorism at 12:54 pm by George Smith

An old reader pointed to a recent opinion piece in the WaPo from of the bioterrorism-is-coming lobby’s biggest shill, Bob Graham.

Ex-famous politician Graham remade himself as a fugleman for increasing spending on bioterror defense, mostly by planting the same opinion pieces over and over in the nation’s press over the last decade.

Graham also fell into the role of professional committee chairman.

If a president has to put together a fig leaf commission to “research” something, Graham is always picked. Because no one wants him for anything meaningful outside selling bioterror defense spending.

So life as a professional Washington chairman soaks up the rest of his time, along with publishing contracts for books no one who isn’t paid to would read.

Then it’s always back to selling the dread of bioterror. And a book if the timing and placement is convenient. Did I mention that?

Having dumped that load of well-earned steaming hot superciliousness one other thing needs to be added. In the ten years of the war on terror, Bob Graham has never been right about anything. None of his predictions ever come true.

In the Post, on May 12, Graham wrote:

After almost 10 years of the most intensive and expensive manhunt in the history of the world, Osama bin Laden is dead. The inevitable questions: What do we do now? What are al-Qaeda’s capabilities to do us harm?

Graham, of course, is ready to answer his own question. We must worry anew about bioterror.

As proof, he cites ex-CIA man Rolf-Mowatt Larssen, a man who apparently did not take the time to read English newspapers when he wrote about alleged al Qaeda WMD plots a few years ago. (He was publicly corrected by me and Jason Sigger in the Boston Globe a couple years ago.)

This type of cant is routine from Bob Graham. He repeats information and scripts he knows the years and historical record haven’t supported. He travels only on his name knowing that no one on the opinion pages will gainsay him. Graham, in other words, is a classic example of why argument from “authority” is often not to be trusted.

The column in the post also announces Graham is peddling a book, this time a novel on the war on terror, following the direct pattern of other out-of-office “celebrities” granted Clancy-esque techno-thriller book contracts like free jellybeans.

Sifting bin Laden’s nose gold

Posted in War On Terror at 12:19 pm by George Smith

It’s to laugh. And at least US anonymoids admit it was “little more than a fantasy”:

Osama bin Laden’s personal files revealed a brazen idea to hijack oil tankers and blow them up at sea last summer, creating explosions he hoped would rattle the world’s economy and send oil prices skyrocketing, the U.S. said Friday.

The newly disclosed plot showed that while bin Laden was always scheming for the next big strike that would kill thousands of Americans, he also believed a relatively simpler attack on the oil industry could create a worldwide panic that would hurt Westerners every time they gassed up their cars.

“Hurt westerners every time they gassed up their cars.”

Didn’t get out of his mansion much.

Me, I’m waiting for the journal entry on an electromagnetic pulse attack plot to drop.

Bombing Moe’s Sitting Ducks

Posted in Bombing Moe at 10:44 am by George Smith

From the standpoint of US arms manufacturers Bombing Moe has been a nice little benefit. Even without Uncle Sam in direct action, Raytheon, Lockheed Martin and others get nice orders on refills for the smart bombs and missiles used to smite Moe’s sitting ducks.

As in this pathetic video of target practice against what appear to be mostly empty Moe frigates and patrol boats at anchor:

Wow, no visible opposing fire, that’s some hard shit.

Hat tip to ExtraGoodShit, from where I spied this.

Great quote, dripping in appropriate scorn:

`It seems to me that Canada is not alone in misunderstanding its munitions’ requirements,” [John Pike] said. “What kind of war did Canada think it was going to fight? Did they think this war was going to be over quickly or that the Americans would drop all the bombs?”

But Adm. Giampaolo Di Paola, the chairman of NATO’s military committee, has denied that the alliance’s member countries are running low on ammunition.

Uh, yes, yes they did. Now they’re having to reorder stock and so disappointed.

Manufacturing said to be coming back — in inches

Posted in Made in China at 6:56 am by George Smith

From Krugman:

The story so far: In the 1990s, U.S. manufacturing employment was more or less steady. After 2000, however, it entered a steep decline. The 2001 recession hit industry hard, while the bubble-fueled expansion of the decade’s middle years — an expansion marked by a huge rise in the trade deficit — left manufacturing behind. By December 2007, there were 3.5 million fewer U.S. manufacturing workers than there had been in 2000; millions more jobs disappeared in the slump that followed.

Crucially, the manufacturing trade deficit seems to be coming down. At this point, it’s only about half as large as a share of G.D.P. as it was at the peak of the housing bubble, and further improvements are in the pipeline. The Boston Consulting Group, which is now predicting a U.S. “manufacturing renaissance,” points to major U.S. firms like Caterpillar that once shifted production abroad but are now moving it back. At the same time, companies from other countries, especially European firms, are moving production to America.

I don’t want to suggest that everything is wonderful about U.S. manufacturing. So far, the job gains are modest, and many new manufacturing jobs don’t offer good pay or benefits.

Um, Europe moving production to America — mostly because of worker wage compression, not having to deal with unions in the south, and lowered standard of living, among other factors.

Krugman credits this to current policy and the cheaper dollar. Which will surely drive the fiat money kooks wild.

However, it’s still not enough to offset this, not by orders of magnitude:

On the ground, almost everything the average American buys — other than automobiles — is made in China.

There is no other option.

As a side note, earlier in the week, along with millions, I was a recipient of the Obama machine’s clever idea to put his birth certificate on a T-shirt, along wiith “Made in USA” under his picture.

I haven’t been able to buy American-made T-shirts in years. For example, all the Pasadena-themed garments in, uh, Pasadena, are made in China.

And while I’m not going to buy one of these things to check, unless the operation got off a special dispensation to an American made factory, I’m betting these aren’t, either.

But verification or proof of American origin is left to the future research of others.


Pain from the Pump — the Poll

Posted in Permanent Fail at 8:17 pm by George Smith

USA Today:

A new USA TODAY/Gallup Poll finds that 54% of Americans believe high gas prices are here to stay …

Nationally, regular gasoline averages $3.91 a gallon, 7 cents less than last week’s 2011 high of $3.98. But … fewer than one in 10 Americans believe that prices have peaked for the year…

While nearly seven in 10 Americans say the high cost of fuel is causing financial hardship, for 21%, the impact is so dramatic they say their standard of living is jeopardized.

Aja Turner, an unemployed mother of three from Greenville, S.C., says high fuel costs are forcing her to move in with family in Virginia

Colorado computer repairman Jon Fye, whose monthly gas bill on his Isuzu pickup has jumped 60% to $400 a month …

Fye, 31, has leaned on his church and a food bank in Fort Collins to help bridge the gap between his paychecks and expenses.

Invest in fertilizer, uranium, gold

Posted in Fiat money fear and loathers at 7:54 pm by George Smith

From the Pennsylvania Pocono Record, a very small town newspaper, a columnist goes fiat money crazy:

It is not hard to imagine a scenario in which the dollar would get so weak that it would have to be replaced with another currency at some point.

This scenario has been played out numerous times in Brazil, Argentina, Germany, Zimbabwe, et al. For those who think it can’t happen here I would suggest you wake up now. Although past occurrences are not a guarantee that this will happen in the future, the exact situation that we face today was faced by these countries before their currencies imploded. They had bills they couldn’t pay and printed money to create the illusion of normalcy for the population. According to the Federal Reserve, we are printing $1.6 trillion just in 2011 while our economy is actually spending $1.3 trillion less than we were three years ago, according to the Federal Reserve statistics of private sector borrowing …

That $1.6 trillion is creating an illusion of normalcy but we are still mired in a depression. Yes. I said depression. The real unemployment rate and real private economic numbers bear that statement out.

So the main question is how to hedge against a loss of purchasing power.

This is not an easy question. We have to worry about whether the Fed may grow a conscience and actually stop printing. I doubt it but we have to be aware that they are capable of anything and plan accordingly. In a scenario where they do slow down I believe it would be short-lived. Don’t forget there are elections next year.

Because I do believe we may see some weakness in the summer, I believe that we have to add new positions in a prudent manner. Buying and holding gold, silver, and international bonds can be a hedge against loss of purchasing power in the dollar. I look at these as my “core positions.” Oil, natural gas and uranium producers as we speak as well as food commodities and companies that produce fertilizers can be incorporated into a portfolio to also help combat against a loss in purchasing power …

I know that this sounds dire and for most people it will be …

White coots and cranks bid for the Zimbabwe trillion note on eBay:

House Budget Committee Chairman Paul Ryan (R., Wis.) and Stanford economist John B. Taylor are among the new owners of Zimbabwean bills. Each keeps one in his wallet, brandishing it at opportune moments …

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