Latest Posts

  • Government Is Destroying Net Worth (Wealth)

    Finally, statistics regarding the changes in net worth have made the mainstream media. These statistics, as reported in the NY Times, are horrific, as are the implications for the future of the country. Net worth may be the best single measure of a country’s well-being. Median net worth is a reasonable marker for the standard of living. Medians (or averages) are not good measures to capture what [...]

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  • Why Impeachment Is Necessary

    The issue of impeachment is now no longer whispered about. Talk is prevalent and a recent poll indicated that 35% of the public believe the president should be impeached. Interestingly, the topic is being promoted more by Democrats than Republicans. Tactical Impeachment Considerations Democrats don’t truly believe the President should be impeached, but they see it as a chance, likely [...]

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  • Lysander Spooner — Radical Individualist

    One of the great intellectual treats for many has been the discovery of a man with a very odd name — Lysander Spooner (1808-1887). For any individualist, he is a welcome discovery Spooner was  a legal jurist and an abolitionist. His core belief was that government itself, at least as it was constructed in the US, was illegal. His stand was [...]

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Economics

economy111

Economic Laws Are Not Optional

Economic Laws Economic laws are not optional. They are like the laws of physics — inexorable! Economic laws are less precise in terms of their timing and effects, only because they deal with human behavior rather than physical particles. Human beings alter their behavior to cope with changing conditions. Particles do not. Free will and the survival instinct make prediction, especially regarding [...]

market-fear

Financial Markets — Rated “R”

Financial markets are complex in normal times. When government is actively supporting them, they only become more so and more dangerous. If today’s financial markets were rated like movies, they would be rated “R” (perhaps, “X”). Whether the “R” stands for risky or restricted is immaterial. These markets are not for the naive or unseasoned investor. Traditional metrics no longer [...]

gold3

Got Gold?

Got Gold? If not, don’t feel bad. Neither does Germany even though they requested their gold back and it didn’t come. According to Reuters: Germany’s plan to bring back the nation’s gold reserves to Frankfurt by 2020 has fizzled, and instead has for now decided to leave $635 billion of gold in US vaults. What is going on here? When [...]

Investing

World-GDP-Est-2014

Priced For Perfection

What happens when financial assets are priced for perfection? When that happens, there is only one direction they can go — down! Beyond Priced For Perfection It appears that we have voided that old truism today. Markets appear higher than priced for perfection. They are at or near record highs while the world beneath them seems to be crumbling both economically and politically. [...]

investing1243

Economic and Financial Myth-making

Current financial markets are especially dangerous as a result of government myth-making. Fiscal and monetary interventions and manipulations have distorted all markets, but especially financial markets. The flood of liquidity by the Federal Reserve has done little for the economy although has juiced the level of financial asset prices. This effect is not accidental and is part of the myth-making [...]

etfs12345

Weights In ETF Rankings Change

A change in weights in the algorithm that ranks ETFs for the Preferred Member service has been made. This post is not protected so that non-Preferred Members can get an idea of how the two most popular portfolios performed over time. The universe of ETFs and the number and size of the portfolios remain the same. So do the overall weights [...]

Politics

nazi-germany-flags

Jews Under Assault Again

The state of the world is rapidly deteriorating. Economies are stagnating, rule of law is under attack everywhere and ethnic hatred is rising. Nowhere is that more obvious than what is happening with respect to Jews. Mark Steyn is funny, incisive and deadly serious. His take on the Obama Administration and the Middle East is worthy of more than reading. A [...]

ObamaForeignPolicyForDummies

Ineffective Leadership From Our “American Idol” President

Ineffective leadership is apparent at all levels of government. Many blame President Obama, perhaps even more should. He is the so-called leader and things (not good) are occurring on his watch. People are frustrated with the state of the nation and their own personal condition. But is it Obama or is it something more systemic? There are plenty of reasons to [...]

A Rube Goldberg Contraption

ObamaCare and Rube Goldberg

ObamaCare is a Rube Goldberg contraption. It was cobbled together in disjointed fashion under time and ideological constraints. It is still unclear whether anyone read the entire law before it became legislation. Why should anyone be surprised it was so politically contentious? Now we are beginning to uncover the slipshod manner in which it was constructed. A three-judge panel in [...]

Other

nazi-germany-flags

Jews Under Assault Again

The state of the world is rapidly deteriorating. Economies are stagnating, rule of law is under attack everywhere and ethnic hatred is rising. Nowhere is that more obvious than what is happening with respect to Jews. Mark Steyn is funny, incisive and deadly serious. His take on the Obama Administration and the Middle East is worthy of more than reading. A [...]

corruptionss (2)

NOT a SMIDGEN of Corruption!

Ty Andros, in his Tedbits newsletter, puts the IRS hard-drive failures into perspective: NOT a SMIDGEN of Corruption! The odds of winning the Florida lottery are 1 in 22,957,480. The odds of winning the Powerball are 1 in 175,223,510. The odds of winning Mega Millions are 1 in 258,890,850. The odds of a disk drive failing in any given month [...]