Monthly Archives: February 2016

Economists

“… the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.” 
― Frédéric Bastiat

The media on Economics and Finance is completely clueless.

About Finance they get nothing right, except like the broken clock. Events that happen on the same day or at the end of one day and the start of the next are cobbled together as cause and effect. Increasing share price is always good, decrease is always bad. Their depth of analysis goes no further.

On economics they are far worse since they actively work to deceive. Unemployment, which is reported as the number of people receiving benefits is absurd. At this point in history it is easy to state fairly closely the number of people in a region between the age of 16 to 65 and to state how many of each sex, race and various other demographic qualites. Workers divided by Total population is the Employment ratio and one minus this figure is the unemployed.

Total Payroll figures divided by the population gives the income per capita, while Total Payroll divided by Employed workers gives the average wage. While these don’t take into account the shadow economy of the black markets, they give a fair picture of the actual employment ratio and the degree to which the average paycheck needs to spread. Black market distortions would be greatest when unemployment is greatest, slightly reducing the pain of high unemployment and could be estimated or taken as given or ignored at a first-order approximation.

Nationwide data is very different from countywide breakdowns, masking localized issues of severe unemployment by averaging with local high employment. Taking fulltime and parttime in aggregate masks underemployment.

The Economic reports are either extremely brief and focused on small and disjointed aspects of the economy such as the change in the Dow Jones Industrial “Average” or the unemployment figure release from BLS, or they are extensive but mixed with excessive data with no perspective (and no theoretical basis for reference), such as the ‘business’ channels. Much of the time is spent on ‘chartist’ analysis, which is tantamount to spending a significant portion of the news reporting on astrological forecasts, examining goat entrails or consultations with witch doctors.

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Do you come from a land of plunder?

“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.” 
― Frédéric Bastiat

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Fix Immigration

Immigration to the U.S. is completely broken.

Illegal immigration, “Rapefugees”, “Student Visa” skips and other terrorist vectors.

Even legal immigration is broken. H1B is a favorite of corporations, especially tech companies, to keep costs down and to dump senior resources.

H1Bs drain the talent pool in third world countries so badly there is no one left to fix the lousy places. They flood the local market and are hostage labor, debasing it.

Replace it all with a guest worker program that requires photo, fingerprint and DNA with weekly checkins and 9 month maximum stay per year. Violators deported and can never return.

Keep legal immigration low and slow, with serious commitment. Replace H1B with a professional guestworker program with similar structure, possibly 11 month per year, 33 month maximum.

No anchor babies. Send them away with their parents. When they are old enough they can choose naturalization and return, if they are not criminal or terrorist.

No benefits for illegals, they will self-deport.

Criminal prosecution and heavy fines for businesses who violate immigrant labor laws.

Clean it up.

 

 

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Make America Great Again

Stop Illegal Immigration.

Stop letting refugees in without control.

Stop letting Rapefugees in.

Control the borders, enforce the laws.

Break the stranglehold on speech and thought which is propagated by media and the education institutions. 

SCHLONG THE MEDIA!

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Final Dissent

So Scott Adams hypothesized:

“…Scalia had a great sense of humor and a quick mind. So my hypothesis is that in his final seconds of life, realizing he would not survive, he thought it would be hilarious to put a pillow over his head and make it look like a political murder. “

I don’t agree with everything he had to say about the implications, but this is a very interesting premise, which addresses one anti-conspiracy question–why would an assassin leave the pillow instead of making it look like natural causes? The assassin would be motivated to get away with the crime and presumably that would include not having suspicion fall too directly on the powers that ordered the hit.

Let me say here that my speculation about this possibility is in no way meant to disrespect Justice Scalia, or to cause his family and loved ones any additional grief.

Justice Scalia would have known that his death, especially at this point, would be a huge issue which would dominate U.S. political debate at least until his successor was seated. Obviously he knew that he would not be able to further influence the earthly events.

The Clintons have been associated with many suspicious deaths in the past, so this could be clearly added to the butcher’s bill. Alternatively, the Chicago Way of BHO and his supporters (Ayers et al.) pose another set of suspects.

It is a thought ripe with possibilities.

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Faux News?

Fox News became popular as an alternative to the left wing message of CBS, NBC, MSNBC, ABC, NYT, LAT, etc. For that it is demonized by leftists with the epithet “Faux News”. Many conservatives criticize the networks coverage and on-air personalities however, and increasingly in recent years not the drift to the left.

Ahead of the last debate before the 2016 Iowa caucus, which was hosted by Fox, Donald Trump announced he would not attend because he was treated badly by Fox. Trump sparred with Megyn Kelly at an early debate (Aug. 6th) and made comments about her afterwards.

Before the 6th debate, he said:

“If I think I’m going to be treated unfairly, I’d do something else. But I don’t think she can treat me fairly, actually. I think she’s very biased.”

Fox accused Trump of “terrorism” against one of their employees (Kelly):

“…We’re not sure how Iowans are going to feel about him walking away from them at the last minute, but it should be clear to the American public by now that this is rooted in one thing – Megyn Kelly, whom he has viciously attacked since August and has now spent four days demanding be removed from the debate stage. Capitulating to politicians’ ultimatums about a debate moderator violates all journalistic standards, as do threats, including the one leveled by Trump’s campaign manager Corey Lewandowski toward Megyn Kelly.

In a call on Saturday with a FOX News executive, Lewandowski stated that Megyn had a ‘rough couple of days after that last debate’ and he ‘would hate to have her go through that again.’ Lewandowski was warned not to level any more threats, but he continued to do so. We can’t give in to terrorizations toward any of our employees.”

full (written) Fox News statement: “As many of our viewers know, FOX News is hosting a sanctioned debate in Des Moines, Iowa, on Thursday night, three days before the first votes of the 2016 election are cast in the Iowa Caucus. Donald Trump is refusing to debate seven of his fellow presidential candidates on stage that night, which is near unprecedented. We’re not sure how Iowans are going to feel about him walking away from them at the last minute, but it should be clear to the American public by now that this is rooted in one thing, Megyn Kelly, whom he has viciously attacked since August and has now spent four days demanding be removed from the debate stage.”

Later, From Fox:

The Republican presidential candidate already had said he probably would not be going, accusing Fox News of “playing games” with him. Trump has cited concerns with one of the debate moderators, Megyn Kelly – but apparently made his decision not to attend following press statements from Fox News.

One such statement had said, “We learned from a secret back channel that the Ayatollah and Putin both intend to treat Donald Trump unfairly when they meet with him if he becomes president. A nefarious source tells us that Trump has his own secret plan to replace the Cabinet with his Twitter followers to see if he should even go to those meetings.”

Here’s the full Trump statement, which is worth reading in its entirety:

(New York, NY) January 26th, 2016 – As someone who wrote one of the best-selling business books of all time, The Art of the Deal, who has built an incredible company, including some of the most valuable and iconic assets in the world, and as someone who has a personal net worth of many billions of dollars, Mr. Trump knows a bad deal when he sees one. FOX News is making tens of millions of dollars on debates, and setting ratings records (the highest in history), where as in previous years they were low-rated afterthoughts.

Unlike the very stupid, highly incompetent people running our country into the ground, Mr. Trump knows when to walk away. Roger Ailes and FOX News think they can toy with him, but Mr. Trump doesn’t play games. There have already been six debates, and according to all online debate polls including Drudge, Slate, Time Magazine, and many others, Mr. Trump has won all of them, in particular the last one. Whereas he has always been a job creator and not a debater, he nevertheless truly enjoys the debating process – and it has been very good for him, both in polls and popularity.

He will not be participating in the FOX News debate and will instead host an event in Iowa to raise money for the Veterans and Wounded Warriors, who have been treated so horribly by our all talk, no action politicians. Like running for office as an extremely successful person, this takes guts and it is the kind mentality our country needs in order to Make America Great Again.

Fox Said:

“Roger Ailes had three brief conversations with Donald Trump today about possibly appearing at the debate – there were not multiple calls placed by Ailes to Trump.

In the course of those conversations, we acknowledged his concerns about a satirical observation we made in order to quell the attacks on Megyn Kelly, and prevent her from being smeared any further.

Furthermore, Trump offered to appear at the debate upon the condition that Fox News contribute $5 million to his charities. We explained that was not possible and we could not engage in a quid pro quo, nor could any money change hands for any reason.

Trump came in second in the Iowa Republican Caucus, with 24% to Ted Cruz’s 28%.

The feud between Fox News and candidates in political races are worth noting.

 

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Playin’ the Dozens

(Inspired by this)

Obama’s wife is SO ugly, no wonder he prefers Reggie Love love…

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Press collusion with Hillary spin

This is reprehensible. SCHLONG THE MEDIA!

 

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The Law

…if law were restricted to protecting all persons, all liberties, and all properties; if law were nothing more than the organized combination of the individual’s right to self-defense; if law were the obstacle, the check, the punisher of all oppression and plunder — is it likely that we citizens would then argue much about the extent of the franchise?” 
― Frédéric BastiatThe Law

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The Fall of England

England is nothing but the last ward of the European madhouse, and quite possibly it will prove to be the ward for particularly violent cases. 

– Leon Trotsky

 

http://www.jihadwatch.org/2016/02/uk-12-muslims-jailed-for-sexually-exploiting-13-year-old-girl

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