Archive for January, 2010
Justice Alito Was Right
Chief Pistol Packin' Mama on January 29, 2010 in Indicators of need for preps No Comments »Despite claims made by the president, last week’s Supreme Court opinion on campaign finance specifically excludes foreign nationals and foreign-owned corporations from its ruling.
The Supreme Court issued a ruling last week on campaign finance that is still being discussed all over the country. In fact, it was even mentioned by President Obama at Wednesday night’s State of the Union address. The high court invalidated its own 20-year-old ruling – which had upheld a one hundred-year-old statute on group political contributions – and it also invalidated a portion of the McCain-Feingold Campaign finance law.
Stock Market Set to Crash
Chief Pistol Packin' Mama on January 29, 2010 in Indicators of need for preps No Comments »Doug Casey interviewed by Louis James
Editor, International Speculator
Jan 21, 2010
Louis: So, what’s on your mind this week, Doug? I understand you’ve had a “guru moment.”
Doug: Well, it’s nothing but a gut feeling, but I think the stock market is riding for a big fall this year.
Everyone was afraid the world was going to come to an end a year ago, and it almost did. But governments all around the world stepped in and printed up trillions of their various currency units – it’s not just the United States. And still, retail price inflation hasn’t blossomed. It seems that governments are bent on keeping asset prices up to avert panic. They focus on controlling perception instead of fixing the problem. It stems from an economic version of the theory that all we need to fear is fear itself. As long as we have the right psychology, everything is going to be okay – total nonsense.
IRA & 401k Theft Plotted by US Government
Chief Pistol Packin' Mama on January 29, 2010 in Indicators of need for preps No Comments »(Now’s the time to cash out your retirement for real silver, and gold.)
Silver Stock Report
The State of America is not good. Criminals rule, and the righteous are in prison.
I’ve warned in the past that the US government is more likely to confiscate your IRA and 401k than your silver or gold. Why? Because that’s where the money is!
Personally speaking, I cashed out my own IRA over the last few years, after reading the handwriting on the wall, because the government began discussing confiscating IRA accounts. Well, they are at it again. Read the article in Businessweek, from Jan 8th:
4th paragraph down reads:
Are We In An Economic Depression?
Chief Pistol Packin' Mama on January 29, 2010 in Indicators of need for preps No Comments »Few professionals are yet willing to admit we have been in a depression for the last year.
You have to understand the position that economists and analysts are in. They work for corporations, insurance, Wall Street, banking and government and if they thought we were in a depression and they publicly announced that all chances for advancement would be lost or they would be squeezed out of the firm or simply fired.
Walmart to Cut 11,200 Sam’s Club Jobs
Chief Pistol Packin' Mama on January 29, 2010 in Indicators of need for preps No Comments »By Chris Burritt
Jan. 24 (Bloomberg) — Wal-Mart Stores Inc., the world’s largest retailer, will eliminate about 11,200 jobs at its Sam’s Club membership warehouse clubs in the U.S. as it hires an outside company to demonstrate products.
About 10,000 demonstration employees, most part-time, will lose their jobs in the next 30 days after marketing company Shopper Events LLC takes over sampling, Sam’s Club Chief Executive Officer Brian Cornell said today in an interview. The company also is cutting about 1,200 membership recruiting jobs, or about two in each of the club’s U.S. stores.
Leftwingers Outraged by Being Associated with Leftwingers
Chief Pistol Packin' Mama on January 29, 2010 in Just for fun No Comments »Nazis (and by implication all “right- wingers,” past and present) were inherently wicked. Their agenda was evil from A to Z, their methods along with their goals.
Communists (and by implication left-wingers) at least mean well. Oh, they might get a tad overzealous at times (killing more people than the Nazis and the Bubonic Plague combined, as documented in the Black Book of Communism, for instance) but at least their hearts were in the right place. Even Barry Goldwater might get it. “Extremism in the defense of socialism is no vice!”
Pakistan Collapse Could Trigger Global Great Depression and World War III
Chief Pistol Packin' Mama on January 29, 2010 in Indicators of need for preps No Comments »During 2009 the 2600 terrorist attacks resulted in the number of deaths soaring to more than 12,000 casualties in Pakistan, compared to the number killed in Iraq falling to 2,800 from the 2008 total of 5,900. The U.S. War in Afghanistan pushed the Taliban and Al-Qeeda over the border into Pakistan that has sparked an escalating insurgency and Pakistan’s own U.S. backed un-popular “War on Terror” which is going just as badly as that in Afghanistan, only without the deep financial pockets to embark up on an never ending war that is increasingly sapping what little strength the Pakistan Economy had out of it and now seriously risks the collapse of the state due to the stress of the conflict on the economy and society.
Is Wall Streets DOW about to crash 1,000 points?
Chief Pistol Packin' Mama on January 29, 2010 in Indicators of need for preps No Comments »In recent articles we have noted that the stock market has been bad recently. However, this week turns out to have been the worst week in a year. I quickly went and took a closer look at some charts, and am seriously wondering if we aren’t about to see another slaughter on Wall St, with its impact around the world. We have noted in the past that Obama’s bailouts will run their course by 2010. It has been said that the markets will need another massive bailout anyway.
I want to draw your attention to 2 charts I watch from time to time.
The VIX fear index shot up almost straight this week, indicating the very strong return of fear. We will have to see how this week pans out and whether the fear will keep on worsening. This is the highest level in about 3 months, in what was a downward trend for a long time since the bailouts.
