500,000

57 comments

Posted on 1st September 2015 by Administrator in Economy |Politics |Social Issues

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We’ve been knocking on the door all year. TBP had 494,000 visitors in March and reached the mid 480k range three other times this year. I like big round numbers and I’ve been waiting for us to break the 500,000 visitor count for a single month. We finally did it in August. We chopped through the door and burst through the 500,000 level, finishing with 537,000 visitors.

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THE HOUSE I LIVE IN …. (or, why can’t we all get along?)

121 comments

Posted on 30th August 2015 by Stucky in Economy |Politics |Social Issues

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Newark was a relatively nice place when we first moved there around 1958. It was clean and it smelled nice. You had a Portuguese section (still there), Pollacks, Dago’s, Irish, Krauts, Russians, and Jews all in close proximity, and getting along just swell. Sure, some of the kids didn’t like me, the nazi Kraut, but that was usually after their parents told them I was evil. Five year old kids, left to themselves, are generally not political and/or racist. We were happy just to get a team together for stick-ball (in the streets), or even for a good game of hide&seek … nationality or color really didn’t cross our young minds. Anyway, the choices of various ethnic foods from all the tiny mom&pop deli’s was simply astounding, and delicious. Not many kids have an amusement park a stone’s throw from their house! It was a nice way to grow up, considering Newark is a big city.

By 1968, all those shops were gone, the blacks rioted and burned down nearby Springfield Avenue, and other areas … and they ruined everything. The lovely ethnic diversity never recovered, as Newark today is a one or two color shithole. Oh, noes … you’re a raayccisss prick! Bite me! That’s exactly what happened. I was there, saw it with my own eyes. To answer my own question, I think I could get along with any group of people, except blacks. They really need their own state. In another thread I proposed we give them New Jersey …. and throw in Connecticut, if necessary.

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FIRST DAY OF SCHOOL

6 comments

Posted on 1st September 2015 by Administrator in Economy |Politics |Social Issues

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Via Lonely Libertarian


LONG-TERM PLANNING IS THE NAME OF THE GAME

10 comments

Posted on 1st September 2015 by T4C in Economy |Politics |Social Issues |Technology

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An update from my tutor.

1

 

US DOLLAR WILL DEVALUE BY 20% TO 30%

Interest Rate Increases & Continued Gold Devaluation

September 1, 2015

Philosophy of Metrics

I’m just going to come right out and state it with absolute clarity. Gold will continue to depreciate.

Not only that, but the Fed will continue with the planned incremental interest rate increases which are set to begin at any time now. The normalization of monetary policy is considered impossible by many analysts and economic commentators. This is mainly because the larger play, being the transformation of the monetary framework, is not fully understood.

The incorrect assumption is that the US dollar will be replaced as the international reserve currency by the Chinese yuan, which in turn will cause the USD denominated assets (Treasuries) in the foreign exchange reserve accounts around the world to be “dumped”, leading to a flood of dollars coming back to American shores and causing the ever-threatened and often-predicted hyper-inflation.

It is concluded that this hyper-inflation will see a mad rush into gold and silver, leading to upward valuations in multiples of thousands. With so many other alternatives developing (explained below), does this seem like a realistic scenario?

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Sheep Led to the Slaughter: The Muzzling of Free Speech in America

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Posted on 1st September 2015 by Administrator in Economy |Politics |Social Issues

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Guest Post by John W. Whitehead

 

“If the freedom of speech be taken away, then dumb and silent we may be led, like sheep to the slaughter.”George Washington

The architects of the American police state must think we’re idiots.

With every passing day, we’re being moved further down the road towards a totalitarian society characterized by government censorship, violence, corruption, hypocrisy and intolerance, all packaged for our supposed benefit in the Orwellian doublespeak of national security, tolerance and so-called “government speech.”

Long gone are the days when advocates of free speech could prevail in a case such as Tinker v. Des Moines. Indeed, it’s been 50 years since 13-year-old Mary Beth Tinker was suspended for wearing a black armband to school in protest of the Vietnam War. In taking up her case, the U.S. Supreme Court declared that students do not “shed their constitutional rights to freedom of speech or expression at the schoolhouse gate.”

Were Tinker to make its way through the courts today, it would have to overcome the many hurdles being placed in the path of those attempting to voice sentiments that may be construed as unpopular, offensive, conspiratorial, violent, threatening or anti-government.

Consider, if you will, that the U.S. Supreme Court, historically a champion of the First Amendment, has declared that citizens can exercise their right to free speech everywhere it’s lawful—online, in social media, on a public sidewalk, etc.—as long as they don’t do so in front of the Court itself.

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THE VALUE OF “EXPERTS”

4 comments

Posted on 1st September 2015 by Administrator in Economy |Politics |Social Issues

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“We will not have any more crashes in our time.” – John Maynard Keynes (1927)

“There will be no interruption of our permanent prosperity.” – Myron E. Forbes, President, Pierce Arrow Motor Car Co. (January 12, 1928)

“There is no cause to worry. The high tide of prosperity will continue.” – Andrew W. Mellon, Secretary of the Treasury. (September 1929)

“There may be a recession in stock prices, but not anything in the nature of a crash.” – Irving Fisher, Leading U.S. Economist, New York Times (Sept. 5, 1929)

“Secretary Lamont and officials of the Commerce Department today denied rumors that a severe depression in business and industrial activity was impending, which had been based on a mistaken interpretation of a review of industrial and credit conditions issued earlier in the day by the Federal ReserveBo ard.” – New York Times (October 14, 1929)

“This crash is not going to have much effect on business.” – Arthur Reynolds, Chairman of Continental Illinois Bank of Chicago (October 24, 1929)

“We feel that fundamentally Wall Street is sound, and that for people who can afford to pay for them outright, good stocks are cheap at these prices.” –Goodbody and Company Market-letter Quoted in The New York Times (Friday, October 25, 1929)

“Financial storm definitely passed.” – Bernard Baruch, cablegram to Winston Churchill (November 15, 1929)

“The Government’s business is in sound condition.” – Andrew W. Mellon, Secretary of the Treasury (December 5, 1929)

“President Hoover predicted today that the worst effect of the crash upon unemployment will have been passed during the next sixty days.”WashingtonDispatch (March 8, 1930)

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Money – How to Get It and Keep It

8 comments

Posted on 1st September 2015 by Administrator in Economy |Politics |Social Issues

Money—How to Get It and Keep It

By Doug Casey

Editor’s note: Casey Research founder Doug Casey literally wrote the book on profiting during economic turmoil. His book, Crisis Investing, spent multiple weeks as No. 1 on the New York Times bestseller list and became the best-selling financial book of 1980. Today, he is one of the most entertaining and controversial newsletter writers in the world.

Doug believes America is headed for a huge financial disaster. In today’s weekend Masters Series essay, he shares some of the ways to protect yourself and prosper in an economic crisis. Even if you disagree with Doug, this essay – originally published in June 2012 – will teach you plenty…


Even if you are already wealthy, some thought on this topic is worthwhile. What would you do if some act of God or of government, a catastrophic lawsuit, or a really serious misjudgment took you back to square one? One thing about a real depression is that everybody loses. As Richard Russell has quipped, the winners are those who lose the least. As far as I’m concerned, the Greater Depression is looming, not just another cyclical downturn. You may find that although you’re far ahead of your neighbors (you own precious metals, you’ve diversified internationally, and you don’t believe much of what you hear from official sources), you’re still not as prepared as you’d like.

I think a good plan would be to approach the problem in four steps: Liquidate, Consolidate, Create, and Speculate.

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DON’T BE A VICTIM

8 comments

Posted on 1st September 2015 by Administrator in Economy |Politics |Social Issues

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Trump, Crazies, and Murder

16 comments

Posted on 1st September 2015 by Administrator in Economy |Politics |Social Issues

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Guest Post by Karl Denninger

 

Trump, if you recall, said something that I agreed with fully recently in regards to the man who allegedly shot a TV news crew before killing himself: This isn’t a gun problem, it’s a mental problem.

Today we unfortunately got another example:

AVONDALE – An Avondale mother told police that she drowned her two kids, and attempted to drown a third, because “nobody loved them and nobody loved her,” according to court documents.

Mireya Lopez, 22, believed the 2-year-old boys were bullied and treated differently and did not want them to live a tough life, documents say, so she drowned both of them in a bath tub.

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Lopez told police that she suffers from manic depression, psychosis, and schizophrenia and took prescribed medication.

That was rather-obviously not effective — or perhaps the drugs potentiated the incident.

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September 2015: We Officially Enter The Danger Zone

9 comments

Posted on 1st September 2015 by Administrator in Economy |Politics |Social Issues

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Submitted by Michael Snyder via The Economic Collapse blog,

Is September 2015 going to be one of the most important months in modern American history?  When I issued my first ever “red alert” for the last six months of 2015 back in June, I was particularly concerned with the months of September through December, and not just for economic reasons.  All of the intel that I have received is absolutely screaming that big trouble is ahead.  So enjoy these last few days of relative peace and quiet.  I mean that sincerely.  In fact, that is exactly what I have been doing – over the past week I have not posted many articles because I was spending time with family, friends and preparing for the national call to prayer on September 18th and 19th.   But now as we enter the chaotic month of September 2015 I have a feeling that there is going to be plenty for me to write about.

At this time last month, I declared that we were entering “the pivotal month of August 2015“, and that is exactly what it turned out to be.  August was the worst month overall for stocks in three years, and it was the worst month of August for U.S. financial markets in 17 years.

Throughout history, there have only been 11 times when the S&P 500 has declined by more than five percent during the month of August.  When that has happened, the stock market has almost always fallen in September as well

September is the only month in which the S&P 500 fell more frequently than it rose. What’s more, in the 11 times that the S&P 500 fell by more than 5 percent in August, it declined in 80 percent of the subsequent Septembers, and fell an average of nearly 4 percent.

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California – A Deluge Followed by Mega Drought?

11 comments

Posted on 1st September 2015 by Administrator in Economy |Politics |Social Issues

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Guest Post by Bruce Krasting

 

Both NOAA and the Australian Meteorologists issued El Nino updates in the past 24 hours. The weekly numbers that were released confirm that an historic event is taking place. It now is (nearly) certain that the most significant El Nino in recorded history will be with us over the next five months. From the Aussie weather geeks:

The 2015 El Niño is now the strongest El Niño since 1997–98.

The last time we were close to the current El Nino conditions was the fall/winter of 1997/1998. National Geographic has this to say of the 1997 El Nino:

It rose out of the tropical Pacific in late 1997, bearing more energy than a million Hiroshima bombs. By the time it had run its course eight months later, the giant El Niño of 1997-98 had deranged weather patterns around the world, killed an estimated 2,100 people, and caused at least 33 billion [U.S.] dollars in property damage.

At its peak, the 1997 El Nino index reached a record high of 2.3. This extreme level was nearly reached over the past week, there is every indication that it will move higher in the coming months.

The 1997-98 results:

Screen Shot 2015-09-01 at 7.35.29 AM

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Hung

18 comments

Posted on 1st September 2015 by Roy in Economy

Posted without comment for the “Ladies” of TBP.

http://www.inquisitr.com/2374663/mexican-man-with-worlds-longest-penis-says-he-is-lonely-because-women-are-afraid-to-have-sex-with-him/

“Look where it is, it goes far below the knees. I cannot do anything, I cannot work, and I am a disabled so I want authorities to declare me as a disabled person and give me support.”

Cabrera, a native of “Look where it is, it goes far below the knees. I cannot do anything, I cannot work, and I am a disabled so I want authorities to declare me as a disabled person and give me support.”

Cabrera, a native of Saltillo in the northeast state of Coahuila, also wants his special “gift from God” to be recognized by the Guinness Book of World Records.
“Then, I want to go to the Guinness to get recognition.”

As part of effort to convince the authorities to register him as disabled and to have his special “gift from God” recognized by the Guinness Book of World Records, Cabrera has undergone medical examination and an x-ray at a health center in Saltillo.

According to Cabrera, who was reportedly deported from the U.S. in 2011, the x-ray proves that his penis is natural and not artificial.

Doctors said the x-ray (see image above) proves that Cabrera’s appendage is genuine. However, they pointed out that the main part of the organ was only six-inches-long and that the rest was mainly skin.

According to the U.K. Mirror, medical experts said it might be possible through surgery to reduce the size of Cabrera’s penis.

Cabrera is unemployed and lives alone. He receives assistance from relatives. He says he supplements the assistance by scavenging for waste materials. He laments that he has no friends and that people, especially ladies, avoid him.

If the Guinness Book of World Records recognizes Cabrera’s claim, he will supplant American John Falcon, who currently holds the record of the man with the world’s largest penis at 13.38 inches.

According to the Mirror, the story of Cabrera’s life will be published in a book titled “El Sordido Pudor”

Thoughts from the Frontline: Weapons of Economic Destruction

2 comments

Posted on 1st September 2015 by Administrator in Economy |Politics |Social Issues

Thoughts from the Frontline: Weapons of Economic Misdirection

By John Mauldin

 

“Measurement theory shows that strong assumptions are required for certain statistics to provide meaningful information about reality. Measurement theory encourages people to think about the meaning of their data. It encourages critical assessment of the assumptions behind the analysis.

“In ‘pure’ science, we can form a better, more coherent, and objective picture of the world, based on the information measurement provides. The information allows us to create models of (parts of) the world and formulate laws and theorems. We must then determine (again) by measuring whether these models, hypotheses, theorems, and laws are a valid representation of the world.”

Gauri Shankar Shrestha

“In science, the term observer effect refers to changes that the act of observation will make on a phenomenon being observed. This is often the result of instruments that, by necessity, alter the state of what they measure in some manner.

“It was, perhaps, the most unusual episode in the long running duel between the two giants of twentieth century economic thought. During World War Two, John Maynard Keynes and Friedrich Hayek spent all night together, alone, on the roof of the chapel of King’s College, Cambridge. Their task was to gaze at the skies and watch for German bombers aiming to pour incendiary bombs upon the picturesque small cities of England….

“Night after night the faculty and students of King’s, armed with shovels, took it in turns to man the roof of the ornate Gothic chapel, whose foundation stone was laid by Henry VI in 1441. The fire watchmen of St. Paul’s Cathedral in London had discovered that there was no recourse against an exploding bomb, but if an incendiary could be tipped over the edge of the parapet before it set fire to the roof, damage could be kept to a minimum. And so Keynes, just short of sixty years old, and Hayek, aged forty-one, sat and waited for the impending German onslaught, their shovels propped against the limestone balustrade. They were joined by a common fear that they would not emerge brave nor nimble enough to save their venerable stone charge.”

– Nicholas Wapshot in Keynes Hayek: The Clash That Defined Modern Economics

“I picked the wrong week to stop sniffing glue.”

– Lloyd Bridges in Airplane!

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The Dow

10 comments

Posted on 1st September 2015 by Administrator in Economy |Politics |Social Issues

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DJFOR-W 8-22-2015

The failure of the Dow to close above 17007 confirms that we are not yet ready to take off to the upside. We needed a closing ABOVE 17007 to firm up the market to state definitively that the August low will hold and new highs are ahead. We needed a minimum closing ABOVE 16632 to firm up short-term support. The closing BELOW 16632 does not provide a Monthly Sell Signal; it is a warning that the Dow remains vulnerable going into September. Only a monthly closing BELOW 15550 would have been a MAJOR SELL SIGNAL that key support has held. Consequently, the close of August was not strong enough to avoid a retest of the lows. Therefore, the Dow did not finish in a position that would imply NEW LOWS ahead just yet and there was no confirmation of a bullish development.

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