Gene's Footnotes

I have never been impressed by the messenger and always inspect the message, which I now understand is not the norm. People prefer to filter out discordant information. As such, I am frequently confronted with, "Where did you hear that...." Well, here you go. If you want an email version, send me an email.

December 18, 2011

Is this real?

If this photo does not come out (I cut and pasted and it seems ok) then go to the web site.


mime-attachment.jpeg

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Agenda 21: TIme to defund the U.N.

Agenda 21, Comrade, a driving force behind the the seemingly bizarre actions of the federal government. VIDEO

Web site.

Recall, I mentioned recently Obama has setup a committee to regulate rural land.  On that committee is Homeland Security and the FCC.  This is clearly to make sure people do as they are told and there is no disagreement aired.

Watch for the attack on the Intent to heat up and watch to see the GOP leadership is part of the movement.

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December 12, 2011

Buffett unplugged

Consensus:  Warren Buffet is the greatest of stock pickers; solar energy is good.


Recent Headline:  "Buffett Makes a Big Bet on Solar."


Behind the Propaganda

Berkshire Hathaway, via MidAmerican Energy, bought a $2 billion California solar plant that is breaking ground.

MidAmerican agreed to buy a solar because of government regulation:
1. because it started in 2011, it will qualify for some $600 million in tax credits.
2. reacting to state mandates, a California firm has already signed a 25-year contract that will pay MidAmerican between two and four times today's going rate for electricity. (Just another example of why we have a "green" push to create scarcity.)
Two years ago, as I reported here, Buffet sold Berkshire's portion of a company that a few days later announce it had tanked. Buffer was on the Board of Directors. He has not been questioned, let alone prosecuted for insider trading. 

Now you see why he says nice things about Obama, when called for, as in agreeing those with large "incomes" should pay more taxes. 

His adjusted income tax rate was 11% last year. 

Buffet's salary, which the left is focused upon, is $100,000 per year. Buffet's capital gains and dividends run about $62,000,000,000. That is reduced to about half by charity and, one assumes, losses

You and I have very few adjustments to our salaries and they are under attack.

Bottom Line:   Oligarchy 
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Our media whips up false arguments over Republican vs. Democrat. There is no difference when you look at the leadership. We are played for chumps, then taxed.  Socialists are used; conservatives are used. The ruling class is paid well.

The tendency toward oligarchy has not changed in human history except that our founders understood the danger and in the Constitution built us a castle to defend. 

We are now permitting others, under wonderful labels and flags, to take down the castle.  No, we are supporting the dismantling as useful partisans. Remember the Communist view of WWI: two bayonets facing one another with peasants on both ends. The oligarchs were fretting over champagne.  

The media and parties do not engage Ron Paul for he merely resorts to a Constitutional basis to determine the power of the federal government;  that discussion would raise his classic concerns among the people. The false complexity presented to us by the oligarchy is meant to weaken the people's control




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December 09, 2011

Review of "Dying of Money"

Below is a review of Dying of Money, a quintessential study you cannot afford, by Pipa Malmgren, founder of Principalis

Poke around Pipa's site; she is is an insider, mostly listening, but inside.

Dying of Money by Jens O. Parssons

Dying of Money: Lessons of the Great German and American Inflations 1974 by Jens O. Parssons
As I have travelled around the world, I have found that serious investors, who really do their homework, have dusted off one of the best books on inflation that has ever been produced: Jens O Parsson’s “Dying of Money: Lessons of the Great German and American Inflations”. It is now selling for $239 USD on Amazon but an original edition is on Amazon at $749 USD. It is almost impossible to find at a reasonable price. Perhaps the inflated price tells us something about the inflation pressures building in the system?
Parsson reminds us that inflation happens the same way every single time.  A speculative bubble bursts so government floods the system with money. This makes asset prices rise (stock markets always explode before the inflation becomes apparent). The velocity of money stays at zero for a prolonged period and then, suddenly, it explodes. This makes the stock market go up even more as confidence come back. Everybody notices asset prices rising and loves it. Nobody notices the fact that costs start rising faster.
{Have to interject. Does this sound familiar, right now?} 
Margins get crushed – corporate and personal. The acid erosion of inflation starts to bite and the stock market collapses except this time the government cannot throw money at the problem because of the inflation. So, the market is forced to deal with the bad investment decisions that led to the initial speculative bubble. The inflation prolongs the day of reckoning but does not eliminate it. 
Perhaps the single most powerful idea he presents is that Inflation does not fix deflation. It’s a bit like love: the opposite of love is not hate. It is indifference. Adding hate does not make the situation better. Instead it leads to volatile swings of emotion. In love you might start to say “I love you” and I hate you”. In markets we find episodes of inflation history preoccupy policymakers in the same dialogue every time: “deal with the deflation””deal with the inflation”. When this happened in the 1970’s it was called “Stop Go Policy”. Buckle your seat belts because that’s the road we are now on!
The trends of the past and present are interwoven. There is nothing new under the sun, as Terence wrote. We merely change our hats and sunglasses. The questions as what to do is interesting, but not academic. 


One can point out that gold has recently settled 6%; but, is it safe from confiscation if you buy? Probably not, the way we are going. You could have it in a European account if you have sizable assets and want to keep it that way. Junk silver is great for the rest of us.


George Soros, and you can rely on his public statements as being the opposite of what is true, but sometimes he may actually say something not self-serving, advises investing Africa and predicts money will flow there in the future. 


The problem is security, of course. Big money can merely buy countries, I suppose. So, think land, guns, peanut butter.

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December 07, 2011

Big Brother Today

Barack Hussein Obama has made an executive order to take control of the rural land. While we get distracted by politics and economics, Obama continues on his central control of our lives.

Must WATCH

The show is grating as it sounds like a poor sports commentary show, but pay attention to the early part.

Why is Homeland Security and the FCC on a new committee to govern the use of rural land?

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December 06, 2011

Antarctic melt: my car didn't do it

Rod send me a link to WattsUpWithThat.com a blog written by some guy with too much time on his hands who thinks it is important to object to the, well, crap presented as global warming. I can't imagine someone being so ticked off.


Watts is going through the latest leaked true believer emails that are far more unprofessional than the first. Watts is uncontrollable in his zeal and anger at the scientific treason he sees.  I get two or three emails a day!  I figure if I link to him, half my day will be free. I noted that his blog has had 97 million hits.


Below is a report of a finding, rather than anger at pseudo scientists. I like this finding as it agrees with me. The Canadians have already published this view regarding the Artic Sea. Damn deniers.  Click on the headline to go to site. It is worth keeping, but I am not sure about the daily emails.


You will recall I went through all this stuff two years ago using real NASA and NOAH information, not that filtered through true believers.   



Tropical sea temperatures influence melting in Antarctica
Accelerated melting of two fast-moving outlet glaciers that drain Antarctic ice into the Amundsen Sea Embayment is likely the result, in part, of an increase in sea-surface temperatures in the tropical Pacific Ocean, according to new University of Washington research.
Higher-than-normal sea-level pressure north of the Amundsen Sea sets up westerly winds that push surface water away from the glaciers and allow warmer deep water to rise to the surface under the edges of the glaciers, said Eric Steig, a UW professor of Earth and space sciences.
“This part of Antarctica is affected by what’s happening on the rest of the planet, in particular the tropical Pacific,” he said.
The research involves the Pine Island and Thwaites glaciers on the West Antarctic Ice Sheet, two of the five largest glaciers in Antarctica. Those two glaciers are important because they drain a large portion of the ice sheet. As they melt from below, they also gain speed, draining the ice sheet faster and contributing to sea level rise. Eventually that could lead to global sea level rise of as much as 6 feet, though that would take hundreds to thousands of years, Steig said.
NASA scientists recently documented that a section of the Pine Island Glacier the size of New York City had begun breaking off into a huge iceberg. Steig noted that such an event is normal and scientists were fortunate to be on hand to record it on film. Neither that event nor the new UW findings clearly link thinning Antarctic ice to human causes.
But Steig’s research shows that unusual winds in this area are linked to changes far away, in the tropical Pacific Ocean. Warmer-than-usual sea-surface temperatures, especially in the central tropics, lead to changes in atmospheric circulation that influence conditions near the Antarctic coast line. Recent decades have been exceptionally warm in the tropics, he said, and to whatever extent unusual conditions in the tropical Pacific can be attributed to human activities, unusual conditions in Antarctica also can be attributed to those causes.
He noted that sea-surface temperatures in the tropical Pacific last showed significant warming in the 1940s, and the impact in the Amundsen Sea area then was probably comparable to what has been observed recently. That suggests that the 1940s tropical warming could have started the changes in the Amundsen Sea ice shelves that are being observed now, he said.
Steig presents his findings Tuesday (Dec. 6) at the fall meeting of the American Geophysical Union in San Francisco. In another presentation Wednesday, he will discuss evidence from ice cores on the history of Antarctic climate in the last century.
He emphasized that natural variations in tropical sea-surface temperatures associated with the El Niño Southern Oscillation play a significant role. The 1990s were notably different from all other decades in the tropics, with two major El Niño events offset by only minor La Niña events.
“The point is that if you want to predict what’s going to happen in the next fifty, one-hundred, one-thousand years in Antarctica, you have to pay attention to what’s happening elsewhere,” he said. “The tropics are where there is a large source of uncertainty.”
 


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December 02, 2011

Oligarchy: Soros and Obama

George Soros Helped Craft Stimulus Then Invested in Companies Benefiting

by Wynton Hall
Billionaire George Soros gave advice and direction on how President Obama should allocate so-called “stimulus” money in a series of regular private meetings and consultations with White House senior advisers even as Soros was making investments in areas affected by the stimulus program.
It’s just one more revelation featured in the blockbuster new book that continues to rock Washington,Throw Them All Out, authored by Breitbart News editor Peter Schweizer.
Mr. Soros met with Mr. Obama’s top economist on February 25, 2009 and twice more with senior officials in the Old Executive Office Building on March 24th and 25th as the stimulus plan was being crafted.  Later, Mr. Soros also participated in discussions on financial reform.
Then, in the first quarter of 2009, Mr. Soros went on a stock buying spree in companies that ultimately benefited from the federal stimulus.
  • Soros doubled his holdings in medical manufacturer Hologic, a company that benefited from stimulus spending on medical systems
  • Soros tripled his holdings in fiber channel and software maker Emulus, a company that wound up scoring a large amount of federal funds going to infrastructure spending
  • Soros bought 210,000 shares in Cisco Systems, which came up big in the stimulus lottery
  • Soros also bought Extreme Networks, which, months later, said it was expanding broadband to rural America “as part of President Obama’s broadband strategy”
  • Soros bought 1.5 million shares in American Electric Power, a company Mr. Obama gave $1 billion to in June 2009
  • Soros bought shares in utility company Ameren, which bagged a $540 million Department of Energy loan
  • Soros bought 250,000 shares of Public Service Enterprise Group, 500,000 shares of NRG Energy, and almost a million shares of Entergy—all companies that  came up winners in the Department of Energy taxpayer giveaway that produced the Solyndra debacle
  • Soros bought into BioFuel Energy, a company that benefitted when the EPA announced a regulation on ethanol
  • Soros bought Powerspan in April 2009.  Just weeks later, the clean-energy company landed $100 million from the Department of Energy
  • In the second quarter of 2009, Soros bought education technology giant Blackboard, which became a big recipient of education stimulus money
  • Soros also bought Burlington Northern Santa Fe and CSX, both beneficiaries of Mr. Obama’s plans for revitalizing the railroads
  • Soros bought Cognizant Technology Solutions, which scored stimulus funds in education and health care technology
  • Soros also bought 300,000 shares of Constellation Energy Group and 4.6 million shares of Covanta, both of which landed taxpayers’ money through the stimulus, the former of which bagged $200 million

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