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Posts by AntiScumbag

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  • EXPLOSION AT MINNESOTA GROCER AND MOSQUE – 13 injured (Video)

    01/02/2014 7:31:19 AM PST · 62 of 69
    AntiScumbag to cableguymn

    Which public housing towers are you referring to?

    I haven’t been there in a long time, but nobody in their right mind has been building “public housing towers” in the last 50 years. Mostly, they’ve been tearing them down.

    Of course, I left 33 years ago because there were too many liberal idiots running the joint (and they still are,) so I might be wrong, but I don’t think this can be blamed on concrete edifaces.

  • EXPLOSION AT MINNESOTA GROCER AND MOSQUE – 13 injured (Video)

    01/02/2014 4:42:12 AM PST · 52 of 69
    AntiScumbag to Just_Sue

    You’re quite right, it is being misrepresented. The mosque is next door in another building. Three feet away, but not connected.

    In 1971 I lived for a year about 5 blocks south of this building, at 19th and Minnehaha. A year before that on Franklin Ave, maybe 8 blocks away. A year later, maybe 6 blocks away in Middlebrook Hall, a U of M dorm. I was a student.

    Cedar Ave. S. was a bunch of small businesses on the west edge of the west bank (of the Mississippi river) of the U of MN Minneapolis campus. Nothing notable. A few bars. Not upscale, not run-down. Lots of students. Little crime. No mosques.

    After taking a look at the area, Cedar Ave. S. now seems to be dominated by “ethnic” small businesses with lots of Muslim and African names. For instance:

    Halal Food Market, 410 Cedar Ave S
    Bina Investment Group, 413 Cedar Ave S
    Dahabshill Branch Crimiel Communications, 415 Cedar Ave S
    Al-karama Mall Cedar Square, 419 Cedar Ave S
    Otanga Grocery, 514 Cedar Ave S <==== SCENE OF THE EXPLOSION/FIRE
    Wadajir Grocery & Halal Meats, 521 Cedar Ave S
    Safari Travel & Tawakal Express Money Wire, 607 Cedar Ave S
    Kaah Express Money Wiring, 611 Cedar Ave S
    Afrik Grocery, 613 Cedar Ave S
    Dr. Sirak Hailu, Chiropractor, 615 Cedar Ave S

    Then, there’s Somali Yellow Pages at 1806 Riverside Ave, a few blocks away.

    All members of the West Bank Business Association, which, on their site says “The West Bank is home to several religious communities” listing two of them:

    Dar Al-Hijrah Riverside Islamic Center & Islamic Civic Society of America 504 Cedar Ave S. <==== NEXT DOOR TO THE EXPLOSION/FIRE
    Imam Shafii Mosque 1501 S. 5th Street

    And one Lutheran outfit that lost its building when I-94 was built in the ‘60s, commenting that “The mission-minded congregation voted to use its resources in active outreach to the Cedar-Riverside community rather than investing in a new church building.”

    Are there more “religious communities” in the area? They don’t say.

    They also call themselves a “progressive community,” whatever that means, as if we don’t know.

    I guess you can get away with that sort of crap when most of your members are Muslims and the big guys who pay the bills are universities or colleges like the U of M and St. Catherine and Augsburg. And everyone else keeps quiet.

    It also turns out that the “apartments” above the grocery store that burned were apparently actually rental rooms, all (except for one empty room) occupied by single men, mostly Somalis, according to one report. Which might explain the Somali “community organizer”-type who was quoted as being “concerned” in another report I read.

    Now, perhaps every single one of these businesses are owned by heroic entrepreneurs striving to achieve the American dream and all of the rental room occupants were upstanding people engaged in nothing but legal activities.

    But, it is passing strange that an explosion and subsequent fire just happens to occur in a building full of young Somali men right next door to a mosque in a neighborhood that now seems to be overrun by Somali ex-pats.

    I can only note that other Somalis, having previously emigrated to Minnesota (surely not by choice) have then been later caught attempting to carry out or support terrorist activities. There’s certainly cause for some concern, it remains to be seen if it’s justified or not.

    The neighborhood has certainly changed.

    I’ll wait to hear what is revealed as time goes on before forming any conclusions.

  • A Full Run-Down on Friday's Jobs Report

    11/09/2013 9:28:37 AM PST · 12 of 12
    AntiScumbag to TomGuy
    At that rate, new job creation is only about 1/5 of the new unemployment.

    Surely, you jest.

    In the last year, in a typical month under Jug-ear's pitiful administration, there were about 4.4-4.5 million new hires, none of them thanks to Dear Leader.

    There were about 4.3-4.4 million separations, probably more than a few of them due to the ACA and Dear Leader.

    BLS - Hires/Separations, etc.

    There's the net 100K to 200K new jobs each month.

    However, new unemployment benefit claims have nothing to do with net new job creation, horrible as it has been.

    ~4.3 million separations/month leads to ~350K/week (~1.5 million/month) in new unemployment claims. No surprise there.

    In a healthy economy, with 3.5-4.0% growth, new hires would be, for instance (and it has been previous to Dear Leader,) 5.5 million/month and separations 5 million/month -- that's net new employment of 500K/month, not at all unusual for a rapidly growing economy -- we used to do this routinely prior to Dear Leader.

    New unemployment claims would still be 300-350K/week. Oh, the horror! According to your math and logic, new job creation would be about a third of new unemployment. We're doomed!

    See how comparing apples and oranges, never mind ignoring an important reference point about how to think about the oranges doesn't work?

    The difference between what we are doing and what we could be doing is the lying idiot we elected and his anti-growth policies, not some BLS statistical conspiracy.

  • End the Fed

    10/31/2013 5:29:00 AM PDT · 14 of 14
    AntiScumbag to ThePatriotsFlag

    Actually, there is a very large amount of idiocy expressed here, most of which I ignore.

    Every once in a while, when I see something particularly egregious such as your post about the huckster and scam-artist Griffin, it demands a response. Not for my benefit, but for the benefit of other readers, some of whom might mistakenly place some credence in what you reflexively burp up about a discredited whack-job conspiracist.

    You don’t like my posts? Tough. Stop posting misleading trash and I won’t bother commenting.

  • End the Fed

    10/30/2013 6:01:18 AM PDT · 10 of 14
    AntiScumbag to ThePatriotsFlag

    Griffin is a whack-job conspiracist with no facts backing up his idiotic junk. His book is a long-ago debunked joke designed to suck in the gullible, while making Griffin money at the expense of the rubes.

    One can object to the existence or structure or purpose or methods of the Fed, but one cannot effectively do so by concocting or promoting fantasies, believable only by the economically and historically illiterate.

    Anyone who recommends the detestable Griffin and his ridiculous book do a disservice to conservative ideas and give ammunition to leftists who propound the generally false idea that conservatives are idiots. But, in your case, they’re right.

  • *Breaking: The Comex Confirms That Its Gold and Silver Inventory Reports Are Fraudulent!

    06/05/2013 5:50:49 AM PDT · 16 of 17
    AntiScumbag to djf
    It’s not about their inventories.

    Of course it is. That's what every idiotic article like this is about. Failure to deliver. OMG! Where did the gold go? Problem is that no failure to deliver has ever happened. Never will, barring a nuclear war that destroys NY.

    It’s about the fact that they have been selling contracts.

    Your statement is absolutely false and demonstrates that you have no comprehension of reality. The idea behind leasing gold is that the gold gets sold to buy U.S. Treasury notes or bonds to scalp 1 or 2%/year.

    The gold didn't disappear, it still exists -- someone else owns it. Guess what? They store it somewhere. Like the Comex. Whoever sold it buys Comex (or other futures) contracts to hedge their price risk. Nothing really changed, on net, and the gold likely never moved from its repository. Moving gold around is expensive. The article is just the usual BS.

    Now, they add a disclaimer to their reporting that basically says “Hey, don’t blame us, we’re not the counterparty...”

    They said no such thing. Your claim is total crap. As is all the worthless junk posted by people like you who don't have the first clue about the Comex, futures, or the metals markets.

    That’s as close to fraud as you can get.

    Only in your very feeble and fevered imagination.

  • *Breaking: The Comex Confirms That Its Gold and Silver Inventory Reports Are Fraudulent!

    06/05/2013 4:40:00 AM PDT · 10 of 17
    AntiScumbag to djf

    Yet another idiotic “article” about Comex warehouse inventories. Wait, wasn’t the Comex going to default on deliveries 2 years ago? 5 years ago? 10 years ago? Last month? Every month?

    LOL. It’s always tomorrow. Decade after decade.

    They were going to default when gold hit 850 in 1980. And when it hit 200, 20 years later. And every month in between and ever since. All the way to 1900 and back to 1300.

    Morons like the guy who wrote this drivel have been droning on and on about this sort of utter BS for over 30 years. I know. I’ve been trading precious metals and other futures for 40 years.

    This puerile junk never fails to fool the rubes, of which there are apparently many on this thread.

  • Dramatic increase in counterfeit currency

    04/15/2013 12:01:02 AM PDT · 45 of 45
    AntiScumbag to MeneMeneTekelUpharsin
    Since you weren't paying attention, here, for instance, is a thread from 2006 on which I made many comments:

    Irwin Schiff tax protester baloney

    And another from 2009:

    Comex gold baloney

    And one from 2002:

    Stripper thread with some really old names in it

    And another tax thread from 2008:

    More TP baloney

    I'm all over that one.

    And one more from 2001:

    The marginalization of whites

    That's just a few results from a Google search, and by no means exhaustive.

    But, I do hope that it will help you to get over your truly stupid idea that I'm a "sleeper" or, funnier yet, a "Democrat lawyer" from the "ACLU."

    That last may be the funniest thing I've ever been accused of being on this board. It definitely beats "IRS shill."

    And, just to be clear, I wouldn't piss on jug-ears if he were on fire.

  • Dramatic increase in counterfeit currency

    04/14/2013 10:58:00 PM PDT · 44 of 45
    AntiScumbag to MeneMeneTekelUpharsin

    Surely you’re not that stupid.

    I’ve posted on and off here for many years. The last guy I really thoroughly trashed was Willie Green, maybe 8 or 10 years ago because he was a blowhard socialist who didn’t know what he was talking about.

    Remember Choo-Choo Willie? Let me give you some free advice. Don’t get into an argument with me about bankrupt steel companies, particularly Bethlehem. That was Willie’s mistake. Well, one of his many mistakes.

    Since most of the idiot tax protesters who used to hang around here seem to have gone away, there are very few really, truly flaming morons to engage, so I don’t post much.

    That you think that you’re some sort of genius because you have concluded that I’m a “sleeper” because you were too unobservant to have noticed me over the years, well, what can I say?

    How about that you’ve demonstrated that you don’t know what you’re talking about all over this thread. Your nonsense was just too easy a target.

    I dislike the idiotic a$$hole in the WH at least as much as you do, perhaps more, but I also dislike disinformation such as you posted. Nothing I can do about the fact that you don’t like how I took it apart.

  • Dramatic increase in counterfeit currency

    04/14/2013 8:40:25 PM PDT · 41 of 45
    AntiScumbag to MeneMeneTekelUpharsin

    Let me help you out with how anecdotes work.

    Let’s say that last year my cat, one of thousands of cats in the country allowed outside caught 2 mice. This year, my cat has caught 10 mice so far.

    That’s hard, cold evidence of the number of mice within range of my cat or perhaps of my cat’s hunting efficiency, but to conclude anything about the national population of mice would be a mistake.

    Get it?

  • Dramatic increase in counterfeit currency

    04/14/2013 7:54:49 PM PDT · 39 of 45
    AntiScumbag to MeneMeneTekelUpharsin

    You obviously don’t have any understanding of what the word “anecdotal” means.

    Which leaves us with you continuing to try to maintain that an increase from 1 or 2 to 10 counterfeit bills per year actually means something in a system with at least one million counterfeit bills outstanding in the universe of about 10 billion pieces of paper circulating in the U.S.

    Which brings us back to where we started: You can’t possibly be serious.

  • Dramatic increase in counterfeit currency

    04/14/2013 5:08:30 PM PDT · 35 of 45
    AntiScumbag to IllumiNaughtyByNature

    I’m still waiting for you to dispute anything I’ve said.

    Diversion doesn’t count.

  • Dramatic increase in counterfeit currency

    04/14/2013 3:21:29 PM PDT · 32 of 45
    AntiScumbag to IllumiNaughtyByNature

    Nobody is disagreeing with the facts or that anecdotal garbage is just that.

    You narrowed yourself down, trying to defend the indefensible.

  • Dramatic increase in counterfeit currency

    04/14/2013 2:39:58 PM PDT · 30 of 45
    AntiScumbag to IllumiNaughtyByNature

    I disagree with you, so I’m a troll?

    I’m sorry that you don’t like facts. Maybe your pictures will make up for it.

  • Dramatic increase in counterfeit currency

    04/14/2013 12:26:33 PM PDT · 29 of 45
    AntiScumbag to MeneMeneTekelUpharsin

    Parsing words?

    Hardly. YOU used the word “Fed” not I. No matter. You’re the one posting ridiculous, anecdotal crap as if it actually meant something.

  • Dramatic increase in counterfeit currency

    04/14/2013 12:21:45 PM PDT · 27 of 45
    AntiScumbag to MeneMeneTekelUpharsin

    LOL.

    Anecdotal “evidence” is totally useless. It could be 100 branches and it would still be ridiculous.

    Tighten up your tin-foil, it seems to be loose.

  • Dramatic increase in counterfeit currency

    04/14/2013 10:18:37 AM PDT · 24 of 45
    AntiScumbag to IllumiNaughtyByNature

    Nah, I just like to point out total BS. Princess.

  • Dramatic increase in counterfeit currency

    04/14/2013 7:43:52 AM PDT · 18 of 45
    AntiScumbag to 0.E.O
    The Federal Reserve banks intercept tens of millions of dollars in counterfeit bills every year.

    Mostly local banks find the counterfeits. And they send them to the Secret Service, not the Fed.

    The 800 billion figure isn't far off, but that's the total for the world, closer to 300 billion is the figure for the US.

    But, you're the only other poster on this thread who figured out that this post was absolute and total, abject, ridiculous horse-hockey.

    Meanwhile, the rest of the commenters wonder why they get laughed at a lot.

  • Dramatic increase in counterfeit currency

    04/14/2013 7:24:17 AM PDT · 17 of 45
    AntiScumbag to MeneMeneTekelUpharsin
    Local sources tell me this: Counterfeit bills turned in to the Fed used to number 1-2 per YEAR. At this date (April 12, 2013 - Friday), the count turned in to the Fed was already at 10 and we are only at April 15, 2013.

    You can't possibly be serious.

    First, counterfeits are reported and turned over to the SECRET SERVICE (part of the Treasury Dept,) not the Fed.

    Second, the value of domestic currency in circulation is about 300 billion. If it was all 100s that would be about 3 billion notes, but 100s only account for about 1/3rd of currency. The total number of notes in domestic circulation is about 10 billion, mostly 20s, 50s and 100s, each being about 1/3rd of the total.

    Treasury estimates about 1 in 10,000 notes is counterfeit, so that's about 1 MILLION counterfeits currently circulating.

    http://www.federalreserve.gov/newsevents/press/other/20061025a.htm http://visualeconomics.creditloan.com/the-value-of-united-states-currency-in-circulation/

    Now tell us all again how you think that one or two counterfeit notes of any denomination PER YEAR are discovered when there are a million or so circulating, and TENS OF THOUSANDS (perhaps more than a hundred thousand) of counterfeit notes are turned in every year.

    Nobody is this stupid. And your "sources" are at least as totally full of it as you are.

  • Supremes docket income tax challenge

    09/26/2012 7:33:31 AM PDT · 67 of 159
    AntiScumbag to DaveInDallas

    Always good to see someone other than those with the tax-protester type mentality show up on these threads.

    TP-types always spout the usual gibberish. They are never, ever discouraged by simple facts. Sort of like the guy in the article.

    Invincible ignorance is a sad thing to watch, yet it’s on every one on these types of threads.

  • Supremes docket income tax challenge

    09/26/2012 7:18:05 AM PDT · 60 of 159
    AntiScumbag to wesagain

    LOL.

    So, this idiot didn’t file for 4 years.

    Then, the IRS assesses tax, penalties and interest for those years.

    He files a Tax Court case to get a redetermination of the notices of deficiency for those years.

    He stands on such previously totally discredited gems of gibberish as “the IRS lacks standing,” “the IRC isn’t ‘positive law’,” the IRS is part of the IMF,” “wages aren’t income,” “Form 1040 doesn’t have an OMB number,” and “the 16th Amendment doesn’t authorize federal income taxes.”

    ALL of those are frivolous “arguments” and any of them will get you a $5K frivolous filing penalty from the IRS if you assert it on a return or other filing sent to the IRS.

    Tax Court dismisses his case for redetermination and holds that he owes the taxes and penalties assessed.

    He appeals to the 10th Circuit.

    10th Circuit upholds the Tax Court dismissal.

    He petitions the USSC for certiorari.

    Cert will be routinely denied. There is no issue of law — it’s well settled, and there is certainly no conflict between Circuit decisions, they have all uniformly rejected this sort of frivolous junk. Over and over again.

    Any idiot who loses an appeal at the Circuit level can petition the USSC for cert, any many do, Maehr is merely one of them.

    His “arguments” are total losers, and his 10 years of “research” is a joke. I can come up with 50 frivolous income tax “arguments” that will all lose in 10 minutes, not 10 years.

    His 10 years of “research” were nothing but a failed effort to come up with something, anything to justify his predetermined conclusion that he didn’t want to pay income taxes.

    WND does not contribute to its already large credibility deficit by spending even one electron on loser tax-protester morons like this guy with a worthless petition for cert that will be denied, just as hundreds like it are denied every year.

    Maehr was lucky that he wasn’t sanctioned (up to $25K) by either the Tax Court or the 10th Circuit Court of Appeals. If he brings another stupid, time-wasting frivolous suit or appeal, he probably will be.

  • Worldwide Pork Shortage Predicted

    09/25/2012 3:34:24 AM PDT · 8 of 14
    AntiScumbag to jsanders2001

    Speculators?

    Let’s see, corn and soybean meal prices rise because of a lack of rain and the resulting small crops.

    Hog producers are squeezed by rising feed costs, so they reduce their inventory by bringing more hogs to market, much earlier than normal to avoid their growing losses, depressing current pork prices. (Are lower current pork prices also the fault of speculators?)

    Many months down the road, marketable hog numbers will be down significantly, leading to higher pork prices.

    Yup, this is all the fault of speculators, as everyone knows that they’re responsible for the weather.

    You’re an idiot. Perhaps that’s because you’re also an economic illiterate.

  • Bobby Jindal attacks Obama as the Presidential race hots up

    06/23/2012 8:29:43 PM PDT · 28 of 29
    AntiScumbag to Diogenesis

    No amount of wishing or desiring or thinking or even writing that something is true doesn’t make it so.

    I won’t hold my breath waiting for you or anyone else to come up with any ruling that supports what you claim, because it doesn’t exist.

  • Bobby Jindal attacks Obama as the Presidential race hots up

    06/23/2012 8:29:53 AM PDT · 23 of 29
    AntiScumbag to Diogenesis

    No, it doesn’t matter where your parents were born, it matters where YOU were born.

    Only if you were born outside the U.S. does the issue of whether one of your parents was a U.S. citizen come into play.

  • Bobby Jindal attacks Obama as the Presidential race hots up

    06/23/2012 8:10:15 AM PDT · 22 of 29
    AntiScumbag to Godebert

    BTW, your “direct holding of the Supreme Court in Minor set a binding precedent” quote is absolute and total garbage. Who wrote that junk? I notice that you provided no source.

    The court actually held this:

    “Being unanimously of the opinion that the Constitution of the United States does not confer the right of suffrage upon any one, and that the constitutions and laws of the several States which commit that important trust to men alone are not necessarily void, we affirm the judgment.”

    Get it? The holding says absolutely NOTHING about citizenship, doesn’t even mention it. The court meandered on about citizens at length, mostly pointing out the obvious and finally dismissing it all. Citizenship had no bearing on the holding. Didn’t mention it in its holding because it had nothing to do with the holding. It was all meaningless dicta.

    Not to mention that the ruling was overturned by both the USSC and the 19th Amendment.

    But, hey, don’t let out-of-date and off-point nonsense stop you from making a fool of yourself.

  • Bobby Jindal attacks Obama as the Presidential race hots up

    06/23/2012 7:07:12 AM PDT · 21 of 29
    AntiScumbag to Godebert

    Here are the actual cases cited:

    12 U.S. 253 (1814)
    http://supreme.justia.com/cases/federal/us/12/253/

    A case about cargo on a ship in the War of 1812.

    SHANKS v. DUPONT, 28 U.S. 242 (1830)
    http://caselaw.lp.findlaw.com/scripts/getcase.pl?navby=case&court=us&vol=28&invol=242

    Descendants of a U.S. born citizen ruled able to inherit, never mind which islands the British invaded.

    DRED SCOTT v. SANDFORD, 60 U.S. 393 (1856)
    http://caselaw.lp.findlaw.com/scripts/getcase.pl?court=US&vol=60&invol=393

    A pre-civil war slavery case. OVERTURNED.

    MINOR v. HAPPERSETT, 88 U.S. 162 (1874)
    http://caselaw.lp.findlaw.com/cgi-bin/getcase.pl?court=US&vol=88&invol=162

    A case where a woman wanted to vote and was denied. OVERTURNED.

    U.S. v. WONG KIM ARK, 169 U.S. 649 (1898)
    http://caselaw.lp.findlaw.com/scripts/getcase.pl?court=us&vol=169&invol=649

    Held that virtually everyone born in the United States is a U.S. citizen.

    ALL of the crap quoted in a post above is nothing but meaningless dicta. Passing comments by a court (including the USSC) have no bearing on the actual RULING of the court. ONLY THE RULING MATTERS.

    Dicta doesn’t mean squat, legally, but it’s great fun for those who don’t know what they’re talking about to extract a meaningless sentence or two from an opinion to support their delusions.

    Like I said, NO court has ever ruled that anyone born in the U.S. isn’t a U.S. citizen and NO court ever will. Doesn’t matter where the parents were born. Period.

  • Bobby Jindal attacks Obama as the Presidential race hots up

    06/23/2012 4:22:57 AM PDT · 17 of 29
    AntiScumbag to ASA Vet

    Scratch 14, make that post 15.

    The ignorance on this thread is astounding.

  • Bobby Jindal attacks Obama as the Presidential race hots up

    06/23/2012 4:12:38 AM PDT · 16 of 29
    AntiScumbag to ASA Vet

    I refer you to post 14.

    I’ll also say that your constant posting of legal rubbish is annoying.

    You, too, need to look up the meaning of “dicta.” After you do that, perhaps you’ll understand that your postings are legally meaningless.

    Or not. I don’t hold out much hope that you’ll figure out that the stuff you ignorantly spout has exactly zero legal merit.

  • Bobby Jindal attacks Obama as the Presidential race hots up

    06/23/2012 4:05:09 AM PDT · 15 of 29
    AntiScumbag to Godebert

    LOL.

    You obviously have no idea what the word “dicta” means. Look it up.

    Quoting a bunch of cases, all of which have nothing to do with citizenship, means absolutely nothing.

    As I said, no court has ever ruled and no court will ever rule that someone born in the U.S. is not a “natural born” citizen. You really should get over it.

    You and your buddy ASA remind me of a bunch of tax protesters. As in delusional.

  • Bobby Jindal attacks Obama as the Presidential race hots up

    06/23/2012 3:51:56 AM PDT · 13 of 29
    AntiScumbag to commonguymd

    There are about 3 million Indian Americans, and they apparently tend towards Democrats.

    Jindal would probably garner most of them. Jug-ears can’t afford another million or two lost votes.

  • Bobby Jindal attacks Obama as the Presidential race hots up

    06/23/2012 3:11:15 AM PDT · 5 of 29
    AntiScumbag to ASA Vet

    As you admit, Jindal was born June 10, 1971 in Baton Rouge, LA.

    That’s it. End of story. He’s a “natural born” U.S. citizen as eligible as you or I. Doesn’t matter where your parents were born, and no court has ever held otherwise, nor will any court ever do so.

    He’d make a great campaigner, debater, conservative advocate and Vice President, as would many others. Romney could do far worse than Jindal.

  • Miami Marlins president David Samson's speech sparks controversy

    03/10/2012 3:21:41 PM PST · 15 of 15
    AntiScumbag to Tea Party Terrorist
    No, I didn't miss anything.

    Perhaps you missed what the Marlins said at the time:

    "The messages that we delivered for years are all confirmed in these statements. The team had net income of roughly $33 million for the two years 2008-2009. This number does not include many cash expenses incurred by the team, so it is not the amount of cash held in a bank account at the end of this two-year period. The statements clearly show that of the $31 million of cash generated by the operation of the team, $24 million was spent on the new ballpark and the rest was used to reduce our team's debt.

    Some of the team's debt is held by banks, some by Major League Baseball and some by the owner. Reducing the debt was and remains critical so that we can fulfill our contribution to the new ballpark, which is currently being built on time and on budget in Miami. To prepare and to be in position to pay a substantial portion of construction costs, the team had to execute a plan many years in advance. That plan was to stop incurring debt, actually reduce debt, and manage the team so that the banks, Miami-Dade County and the City of Miami would agree to do business with us.

    The reduction of debt was a critical component of the team's operation, because losses from previous years had led to excessive debt balances. This large amount of debt would have made it impossible to contribute to the ballpark's construction and would have put baseball in Miami in jeopardy."

    There was no "huge lie," just idiot "reporters" who didn't have a clue. And then there are the fools who believed them.

    The '09 balance sheet showed debt of 113 million. The partners' capital account had a cumulative deficit of 61 million. Numbers like that are the result of years of large losses, and those numbers were net AFTER making money in '08 and '09.

    Nobody gave away anything, Miami-Dade County owns the new stadium, not the Marlins. The Marlins are contributing $155 million to its cost and will own nothing. The "taxpayers" are almost 100% non-Miami-Dade residents, they're called tourists.

    If you've got a problem, take it up with the City and County, they're the people who wanted to keep the Marlins from moving elsewhere, nobody held a gun to their heads. As I said, "I think that sports teams should pay their own way, but that doesn't change the fact that they can rent-seek because municipalities want to retain franchises."

  • Miami Marlins president David Samson's speech sparks controversy

    03/09/2012 4:58:59 AM PST · 13 of 15
    AntiScumbag to SoFloFreeper
    By the way, local media are covering for the Marlin chief, saying he just needs to "clarify" his statements.

    Ah, no they're not. Most of them are just suffering from and manifesting their usual incompetence. Samson was taken completely out of context. By the pitiful New Times, a total joke of a rag of the first order.

    The local ABC-TV affiliate, to their credit, put it well:

    Marlins president David Samson was quoted in a local newspaper as making some very controversial and insulting comments about the people of Miami during a speech to the Beacon Council on Tuesday.

    I just listened to his speech. We had a reporter at the event as part of our coverage of the opening of Marlins Park.

    Let me make one thing clear. Listening to Samson, he came across as arrogant at times, but in his defense, his quotes were taken out of context.

    [snip]

    Okay. Did you get that? Samson is speaking to the audience and not the people of Miami. He didn't say people in Miami are dumb. To me, he merely pointed out that the people in the room were some of the smartest and most successful people in our community. He was speaking directly to them.

    [snip]

    All that said, his words were twisted in this case, and that's why we didn't run the story.

    ABC-TV10 commentary

    When ABC-10, a bunch of anti-business liberals in their own right won't run a story, you know it's totally toxic. As in bogus.

    The whole thing is a figment of the New Times' imagination and penchant to warp and twist anything to do with the Marlins (and most anything else,) picked up by other undiscriminating media who hate the Marlins and then parroted by individuals who hate the Marlins.

    The entire thing is typical of New Times "reporting." But notice how it brought out ignorant Marlins-haters in this thread.

  • Miami Marlins president David Samson's speech sparks controversy

    03/08/2012 11:18:56 AM PST · 12 of 15
    AntiScumbag to Tea Party Terrorist
    I heard David Samson for years on Miami sports talk radio claiming poverty and that the Marlins lost money. It turned out to be a huge lie.

    Sez you, yet someone else who has no clue. That you don't understand baseball financial statements or operating costs or believe other people who don't know what they're talking about means nothing.

    They actually WERE losing money. They tried to capitalize on 2003 by spending in '04 and '05 (Delgado) and still no one showed up, so Loria was forced to cut back. He got tired of losing money.

    They have always had the worst deal in all of pro sports in a crappy football stadium, but finally got a real baseball stadium built after 20 years of trying by every owner since day one. Loria got it done, he actually cares about baseball.

    Don't get me wrong, I think that sports teams should pay their own way, but that doesn't change the fact that they can rent-seek because municipalities want to retain franchises.

    And so they did.

  • Miami Marlins president David Samson's speech sparks controversy

    03/08/2012 9:52:29 AM PST · 9 of 15
    AntiScumbag to raccoonradio
    Voters are not the smartest, yet guess who’s financing the stadium..?

    Well, guess what?

    There's not one single voter in Miami-Dade County paying one single dime for the new stadium unless they stay in a local hotel or motel, considering that the ENTIRE contribution by M-D County comes from the M-D County hotel "bed tax," commonly known as the "tourist tax."

    They didn't even raise it, they just reallocated where it would go. 1% of the same old 6% total bed tax is what pays for the stadium.

    Guess you're not as smart as you thought you were, huh?

    I won't wait for you and others who have no clue about what they're talking about to withhold stupid comments until they have even a basic grasp of rudimentary facts.

  • Ryan Braun's 50-Game Suspension Overturned

    02/24/2012 4:44:39 AM PST · 25 of 85
    AntiScumbag to canuck_conservative

    I guess nobody thinks there’s a reason he has those bug-eyes.

    There’s exactly ZERO evidence that the sample was tampered with, and it’s only a “technicality” in the eyes of the arbitrator inclined to find a “problem” where none exists.

    It amounts to a fraud on the public and MLB is exactly correct to be totally outraged by a ridiculous decision.

  • John Glenn Celebrates the 50th Anniversary of His Historic Flight

    02/24/2012 4:30:17 AM PST · 11 of 18
    AntiScumbag to Makana
    a converted nuclear missile

    Fox needs to hire some people who can actually write a coherent sentence.

    The Atlas rocket was a converted nuclear-delivery system, not a "nuclear" missile. Rocket fuel ain't nuclear.

    Glenn, a national hero at the time (and I watched the launch,) turned out to be a flaming liberal a$$hole who played on his space exploits to impose himself and his moronic liberal ideas and beliefs on us to the extent that he could for decades.

    Most liberals figure out reality, at least to some extent as they age. This idiot will die thinking he was right.

  • Suicides concern Wilton Manors officials (Homosexual capital of S. Fl.)

    02/16/2012 8:50:05 AM PST · 7 of 12
    AntiScumbag to ilovesarah2012

    The article is a total joke, there is no possible statistical significance attributable to the occurrence of 4 or 5 or even 10 instances per year of anything in a population of only 11 or 12 thousand.

    The News-Sun Sentinel has thrown all standards of objectivity totally overboard. It’s like they asked their latest gay-bi, affirmative-action-hire reporter “Would you like to write an article in which you could basically make stuff up?”

    Of course, the answer was yes, and that’s what they got, no contrary views or refutation need be included. Go for it! Propagate some more goofy garbage! It’s what we do!

    I lived in Wilton Manors 25 years ago (I was running a business and WM had some convenient zoning ordinances.) It’s a tiny fiefdom in the Ft. Lauderdale scheme of things, WM being maybe 1 or 2% of the FTL whole, which is comprised of dozens of fiefdoms, many much smaller than WM.

    I never noticed anything odd about the residents of WM one way or the other, nor did I care, I was too busy doing business.

    The News-Sun Sentinel has always been a joke, it’s just gotten progressively worse as time has gone on. This one makes me wonder what they’ll try next.

  • Questions about economics for FReepers [Vanity]

    01/26/2012 4:31:02 PM PST · 4 of 13
    AntiScumbag to Yashcheritsiy

    Ah, claims for unemployment benefits (either new or continuing) have absolutely nothing to with either the non-farm payroll number (which is from the Establishment Survey) or the unemployment rate (which is from the Household Survey.)

    And of course all payroll figures are net.

    All of this information is readily available at bls.gov and has been for many years.

  • The Collapse Of MF Global Basically Started On Corzine's Day 1

    12/12/2011 12:37:50 PM PST · 10 of 11
    AntiScumbag to blam

    The idiot who wrote the article would have you believe that Corzine was somehow “enthralled” that some penny-ante guy hired to trade firm capital, a “prop trader” was actually trading for the firm and that this was somehow in any way unusual.

    Pure idiocy. Of course proprietary traders trade firm capital.

    MF Global, formerly Man Financial, had lots of prop traders, with varying limits on leverage and positions. Man also had lots of experience with bankruptcy via Refco/Lind-Waldock, whom Man acquired about 6 years ago out of bankruptcy when Refco blew up for the same reasons MF blew up.

    None of their prop traders had anything to do with the bankruptcy, Corzine had everything to do with it, he was the ultimate proprietary trader.

    He’s the idiot who made the 6 billion dollar proprietary capital bet on Euro-debt. Nobody else. Just him.

  • The Collapse Of MF Global Basically Started On Corzine's Day 1

    12/12/2011 10:19:15 AM PST · 8 of 11
    AntiScumbag to blam

    Why do you post utter crap like this? It’s total BS.

    Anyone who has ever been anywhere near the FCM business understands that it’s a total load of crap.

    Please stop.

  • US National Debt hits $15 Trillion

    11/16/2011 6:32:08 PM PST · 11 of 12
    AntiScumbag to invaderzim

    15 trillion?

    That’s only true in a highly limited sense. Our actual net public indebtedness is 10.3 trillion, the other 4.7 trillion in “trust fund” (mostly Social Security) intra-governmental “debt” is but a meaningless bookkeeping entry. We could zero-out the intra-governmental stuff tomorrow if we wanted to, without any effect whatsoever on anyone.

    The real amount we currently owe is the amount of debt held “by the public” (everyone other than the US government.)

    See Table III-C in the Daily Treasury Statement: (in millions)

    Debt Held by the Public: 10,314,468
    Intra-governmental Holdings: 4,719,139

    https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=11111500.txt

    15 trillion is a nice, round smack-me-in-the-face-with-a-big-number, but 10.3 trillion is the real number that matters.

    However, there’s a bigger and more important number:

    63.5

    That’s the percentage by which net, real debt has increased in just 34 months.

    From the Daily Treasury Statement of 1-20-09, the sorry day the jug-eared, empty-suited clown took office:

    Debt Held by the Public: 6,307,311
    Intra-governmental Holdings: 4,319,566

    https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=a&fname=09012000.txt

    Looked at on a current debt basis (ignoring the 100+ trillion in unfunded liabilities,) in 34 months we have added 4.007 trillion of net, real debt held by the public.

    Actual, net, real debt, the stuff that has to be paid back or rolled-over in the real world, has increased by 63.5%, from 6.307 trillion to 10.314 trillion.

    The other 4.7 trillion of cumulative, faux “borrowing” of collected funds (mostly FICA taxes) that went (over decades) into the various “trust funds” (mostly Social Security) and were instantaneously borrowed back and then spent routinely as part of the unified budget just distorts the total. That’s 4.7 trillion owed by the one government pocket to another government pocket. Completely meaningless.

    Those meaningless bookkeeping entries make the bogus “total” debt increase look like ONLY 41.5% over 34 months.

    By way of comparison, the net, real, public debt on 6-1-01 (the first day the Daily Treasury Statement gives a public/non-public breakdown) about 4 months after Bush took office was:

    Debt Held by the Public: 3,309,319
    Intra-governmental Holdings: 2,361,241

    https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=a&fname=01060100.pdf

    It took Bush 92 months to get from 3.3 to 6.3 trillion in net, real debt. About 33 billion per month. Nasty, but not the end of the world.

    It took Jug-ears just 34 months to get from 6.3 to 10.3 trillion in net, real debt. An unbelievable, horrendous and totally unsustainable 118 billion per month.

    And we’re still clicking along at about that rate today and for the near future. About 4 billion PER DAY. Either Jug-ears and about a dozen Senate Democrats are retired about a year from now or we’re going to go much further than we already are into the deep doo-doo.

  • Obama was warned of loan dangers long before Solyndra sank (Turbo Tax & Summers in Oct. 2010)

    09/27/2011 10:32:32 AM PDT · 14 of 14
    AntiScumbag to RayChuang88

    Well, yes, I’ll be laughing a lot. At you.

    As will many others who don’t have to “read up” on anything, perhaps unlike most of the people who accept your rubbish at face value.

    “May have.” You used that three times in two posts. “If that was the case.” “Perhaps.” “Probably.”

    Hedge much?

    Your credibility suffers severely from the fact that you can cite exactly ZERO evidence of ANYTHING that you allege or imply.

    Have you got even one conspiracy theory that’s even half-way believable?

    This one doesn’t qualify. Economic illiteracy and stupidity =/= conspiracy.

  • Obama was warned of loan dangers long before Solyndra sank (Turbo Tax & Summers in Oct. 2010)

    09/27/2011 6:11:49 AM PDT · 11 of 14
    AntiScumbag to RayChuang88
    Remember what I said a few weeks ago that Solyndra may have been an embezzlement scheme that essentially diverted much of that US$535 million loan guarantee to the Obama re-election campaign, the Democratic National Committee and/or allied 501(c)(3) political organizations?

    Very funny stuff.

    How much is "much" of $535 million?

    $100 million? 200? 300?

    I'd buy $1 million, maybe, probably more like 100 or 200K.

    Solyndra blew their loan on 1) a shiny new manufacturing facility they didn't need, and 2) materials to produce vast quantities of stuff that nobody wanted to buy.

    Not on embezzled money diverted to campaign contributions.

    Jug-ears will get the money to throw down his re-election rat-hole from someone else, Solyndra's money has been long since squandered by the morons who ran Solyndra into the ground.

    Yours is the sort of comment that causes laughter elsewhere.

    This is about morons like jug-ears and Chu who think that government can efficiently direct investment when they don't have a clue, not goofy conspiracy theories about massive embezzlement schemes.

    Relax. Jug-ears doesn't have a chance. He's electoral toast.

  • Deloitte Squeezed by SEC, Chinese Regulators (No Sarbanes for China Company...)

    09/11/2011 3:33:48 AM PDT · 6 of 7
    AntiScumbag to p. henry
    An appropriate response from the SEC would be to require the American exchanges to amend their initial and ongoing listing requirements to provide that listed companies employ auditors not subject to the Chinese regulations that are now preventing Deloitte China's compliance with the SEC subpoena.

    I don't have any problem with that. It might mean that Chinese companies would have a very tough time raising any capital here.

    Oh, well.

    Now, our idiot friend jug-ears would probably have a very large problem with that whole concept.

  • Deloitte Squeezed by SEC, Chinese Regulators (No Sarbanes for China Company...)

    09/11/2011 3:24:44 AM PDT · 5 of 7
    AntiScumbag to wiggen

    Perhaps. But, then again, perhaps not.

    Deloitte has been put in a very bad position by the Chinese. But, it’s a specific issue with one company. Whether it has more far-reaching effects remains to be seen.

  • Deloitte Squeezed by SEC, Chinese Regulators (No Sarbanes for China Company...)

    09/11/2011 2:31:58 AM PDT · 2 of 7
    AntiScumbag to dila813
    Will Obama be cowed?

    Jug-ears has absolutely nothing to do with it, it's a question of whether a non-US subsidiary located in China is subject to a US subpoena and whether China can prevent them from complying.

    or will he have them all delisted as the law requires?

    1) Jug-ears has never been and never will be responsible for delisting anything, the listing exchange (NYSE, NASDAQ, etc.) is.

    2) NO law requires it, it's strictly up to the exchange.

    3) Delisting has already happened.

    Now, if the Chinese want to be intransigent, they will just guarantee that it will be harder to raise capital in the US.

    If that's what they want to do, so be it.

    However, it seems that you're not very big on reading, but love to jump to totally unjustified and goofy conclusions based on no facts whatsoever.

    Seems to happen a lot around here.

  • The $1 Billion Armageddon Trade Placed Against The United States Bond Market

    08/02/2011 5:22:25 AM PDT · 61 of 62
    AntiScumbag to penelopesire
    Yep..your scenario is entirely probable.

    The scenario you refer to (Soros is behind these trades) has a probability of being true that approaches zero. Anyone who would propound that idea has no clue about market reality.

    Read my other posts on this thread, particularly the one that demolishes the entire premise of this article.

    Soros is a socialist a$$hole, but he's not an idiot.

    I also think that the whole 2008 crash and market scare was also orchestrated by corrupt corporate toadies, democrat socialist/communist thugs, Soros and Obama’s handlers.

    The only part of that which is right is "democrat socialist/communist thugs," which accurately describes the advent of CRA based on a bogus "red-lining" study and its massive acceleration of toxic lending from 1992 to 2005. CRA was cooked up in the late 1970s. It took 25 or so years for government meddling in mortgage markets to take its final toll.

    Once again, Soros is an a$$hole, but he had nothing to do with CRA and forcing banks to make substandard mortgages, appraising homes, securitizing mortgages, rating those securities, or setting the monetary policy which enabled the RE bubble and collapse.

    Jug-ears is an idiot, but he too had nothing to do with CRA and the mortgage bubble, it all pre-dated him.

    Nothing was "engineered" by anyone. The accumulation of horrible Democrat-liberal-socialist policy for decades finally took its toll. Bush II is also partially responsible as he went along with increasing CRA lending "goals." Mitigated by his failed attempts to rein-in Fannie and Freddie, the failure of which was entirely due to Democrats.

    You're right that the next election will be very important, but that's no reason to engage in conspiracy theory rubbish.

    And "corporate toadies" is just another name for garden-variety rent-seekers. Of which there will always be too many until the size of government is reduced and they have no reason to seek an advantage from government.

  • The $1 Billion Armageddon Trade Placed Against The United States Bond Market

    08/02/2011 4:24:05 AM PDT · 57 of 62
    AntiScumbag to mad_as_he$$

    So, as I write this, if the trades referenced in the article are still open, the loss this genius has run to this point is about $2,500 on 5,370 10-years and $4,500 on 3,100 30-years.

    That would be a total loss of about $27.4 million.

    More than the total initial margin. So much for the billion dollar trade.

  • The $1 Billion Armageddon Trade Placed Against The United States Bond Market

    07/26/2011 7:48:55 AM PDT · 50 of 62
    AntiScumbag to mad_as_he$$
    Thanks! I sent your response off to some other folks who picked up on this story and got freaked out!!

    You're welcome.

    And that's a good thing. There's way too much garbage circulating on the internet that has no basis in fact. This thread is a good example, about 90% of the responses probably being much like the ignorant reactions of the folks you mention.

    I've been trading this stuff for over 40 years. I rarely post anything unless it's a case of utter economic or futures-related rubbish, like this one was.

    That presents a problem in that the moderators then think that my strongly stated and factually-based opinions amount to merely trashing some economic illiterate (which is usually true) instead of being an effort simply to disabuse people of tin-foil hat notions.

    While I see a lot of junk here that cries out for a response, most of it simply isn't worth more than a laugh, never mind the effort to respond. This ridiculous "article" screamed for a response.

    You're lucky that you saw my response at all since I'm now "moderated", after 11 years here, which inspires me to just not bother 99% of the time.