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Posts by AntiScumbag

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  • How Wall Street Tobacco Deals Left States With Billions in Toxic Debt

    08/08/2014 11:37:08 PM PDT · 41 of 42
    AntiScumbag to noinfringers2

    Let’s simplify this. It’s got nothing to do with you being a servant.

    You made a flat-out claim: “I (...) have docs to trace the history.”

    So, you can put up or shut up.

    Obviously, having already been given the chance to do so, you can’t or won’t produce anything, so anyone reading this will be able to decide whether you are 1) lying about your “documents,” or 2) an anti-Semite who wants to spread rubbish about European Jewish bankers, specifically the Rothschilds.

    Absent documents which “trace the history” I will conclude that the later is the case.

  • How Wall Street Tobacco Deals Left States With Billions in Toxic Debt

    08/08/2014 2:13:14 PM PDT · 39 of 42
    AntiScumbag to noinfringers2

    We see it differently?

    Well, all right, then. Please post your documents that “trace the history.” Links, perhaps?

    Prove me wrong. Lay out your evidence that European Jews like the Rothschilds are behind the Fed.

  • How Wall Street Tobacco Deals Left States With Billions in Toxic Debt

    08/08/2014 1:55:19 PM PDT · 38 of 42
    AntiScumbag to huldah1776

    OK.

    Do you have a better understanding of how the Fed works in reality?

    Do you understand why I object to the goofy BS about the Fed being “owned” by bankers, etc., etc.?

    The Fed was a really, really dumb idea, but it’s a purely government operation, the place where almost all dumb ideas germinate and bloom to our detriment.

    I actually would prefer that there was no government lender of last resort — that it be entirely left up to the private sector and no one else — after all, those are the guys (together with their shareholders, who can fire them) with something at stake. As it was before the advent of the Fed for over 100 years.

    Which means that I’m all in favor of a “Fed”-equivalent which is actually, totally, publicly and fully owned outright by the private sector. That is to say, by the banks who get together to make loans to each other such that the system always functions. It’s their money at stake on a loan to the ABC or XYZ bank that got into trouble — they’re going to be much more careful about the terms than any fed bureaucrat will ever be.

    A system over which the government has absolutely no say whatsoever.

    That puts us in a place where there’s no mistake about who is responsible. There’s no mistake about who did what or to whom or why. No excuses are possible.

    No BS. Just the relentless efficiency of the private sector.

  • How Wall Street Tobacco Deals Left States With Billions in Toxic Debt

    08/08/2014 12:36:20 PM PDT · 33 of 42
    AntiScumbag to noinfringers2

    You can’t possibly be serious.

    Read post 29 — yes, every single word of it — and get back to me.

    Yes, Wilson was an incompetent idiot (much like the current inhabitant of the White House,) but, no, the Fed isn’t a “European entity,” nor does it have anything to do with the evil Jooos, or, as you put it, the centuries-old “Rothschild” endeavors in banking. Stormfront much?

  • How Wall Street Tobacco Deals Left States With Billions in Toxic Debt

    08/08/2014 12:18:32 PM PDT · 32 of 42
    AntiScumbag to huldah1776

    You’ve obviously already read my reply, my reference to “ranting and raving” was at the very end of it.

    Who is behind all of the crud of the last 100 years?

    Idiot politicians. Simple as that. Politicians always find a way to debase the currency. It’s what they do, one way or another, central bank-based or otherwise.

    Unless you want to dispute something I’ve said, you need to stop posting ridiculous garbage about the Fed. That sort of junk is rampant amongst conservatives (and the general public) who know absolutely nothing of the facts.

    It all sounds great, but none of it is true. You can’t argue for the abolition of the Fed based on nonsense.

    There are plenty of good reasons the Fed shouldn’t exist, but made-up stuff contributes nothing.

  • How Wall Street Tobacco Deals Left States With Billions in Toxic Debt

    08/08/2014 9:55:45 AM PDT · 29 of 42
    AntiScumbag to huldah1776
    The Fed is not a government agency.

    How about some FACTS, instead of the usual rubbish (such as the idiotic link that you posted) that gets repeated over and over?

    Here's something I wrote years ago in response to someone else who had the same misconceptions about the Fed that you (and others) seem to have:

    The Federal Reserve System Board of Governors is a FEDERAL AGENCY created by federal law. All 7 members of the Board are nominated by the President and confirmed by the Senate for 14 year terms. The System BoG formulates monetary policy. The System BoG is where reserve requirements are set, where the discount rate is set, and where rules and regulations are adopted.

    The 7 System BoG members are a PERMANENT MAJORITY of the 12 member Federal Open Market Committee, the other 5 members being the President of the NY Fed and 4 other regional Fed bank presidents each serving one year terms.

    Regional Fed bank presidents are appointed (subject to approval by the System BoG) by each regional Fed bank's 9 member Board of Directors, 3 of whom are appointed by the System BoG (none of these 3 may be an officer, director, employee or shareholder of any bank,) and 6 of whom are elected by the member bank "shareholders" (3 of these 6 may not be an officer, director or employee of any bank.) One of the directors appointed by the System BoG is designated by the System BoG as Chairman of the Board and another as Deputy Chairman.

    The 3 "bank" representatives on each 9 member regional Board are excluded from the process of appointing the regional Fed bank's president.

    The Chairman of the System BoG is also the Chairman of the FOMC. The FOMC implements System BoG monetary policy. The FOMC is where fed funds target rates are set, where margin rates are set, and is responsible for open market operations to carry out policy.

    The System BoG and the FOMC are where ALL of the actual power of the Fed resides. The 7 System BoG members nominated by the President are an absolute and permanent majority of both the BoG and the FOMC. They hold and exercise ALL of the power of the Fed.

    The Boards of the regional Fed banks suggest changes in the discount rate, but the System BoG must approve them. Other than that, the primary function of the regional Fed banks is to provide services like check clearing and FedWire to member banks. They do the scut work and a lot of research, and their presidents give lots of speeches.

    Here are 14 key differences between the regional Fed bank "shares" and actual shares of real common stock in the real world:

    1) If you want to buy shares of IBM (or any other public company) you may buy any amount you wish. The "shares" Fed member banks have to buy is equal to 6% (3% in cash, 3% on-call) of their paid-in capital and retained earnings. By statute.

    2) If you own shares of IBM, you will never be required by anyone to buy more for any reason. As Fed member banks' capital increases, they are required to purchase more Fed regional bank "shares." By statute.

    3) You buy IBM shares through a broker on a market like the NYSE or NASDAQ, not from the government. You simply buy them, you don't fill out an application to the Federal Reserve as prospective Fed member banks do, by statute.

    4) You buy your IBM shares from some (unknown) individual or institution on the other side of the trade. Not from the government, as Fed member banks must, by statute.

    5) When you want to sell IBM shares you use the same markets you used to purchase them, and do so whenever you wish. Fed member banks can only sell their "shares" back to the government and only when they cease to be a member bank. By statute.

    6) You can pledge your IBM shares as collateral on a loan at anytime you wish. No member bank can pledge or hypothecate its regional Fed bank "shares" under any circumstances, ever, by statute.

    7) An owner of IBM shares can vote on all issues that are put to a shareholder vote. Regional Fed bank "shares" entitle a member bank to vote for 6 of the 9 members of its regional bank's Board of Directors. That's it. By statute.

    8) Owners of IBM shares gets one vote for each share. Member banks holding regional Fed bank "shares" get one vote, period, no matter how many "shares" they own. By statute.

    9) Candidates for IBM's Board of Directors are nominated by IBM or its shareholders in accordance with its by-laws, and are then voted on by shareholders. The Fed's Board of Governors are nominated by the President and confirmed by the Senate and neither Fed member banks nor their 12 elected regional bank Boards of Directors have anything whatsoever to say about it. By statute.

    10) If IBM's Board of Directors decides that they want to increase the dividend payable to shareholders they can do so at anytime they wish. The 6% "dividend" on Fed regional bank "shares" is set by statute.

    11) If IBM wants to amend its corporate by-laws, it can do so at anytime with the approval of a majority of shareholders. By statute, no regional Fed bank can amend its charter, ever.

    12) IBM is a profit-making private enterprise, and they may do whatever they wish with any after-tax profits. The Fed regional banks must turn over 100% of their operating income (net after payment of the statutory 6% "dividend") to the US Treasury each year. By statute.

    13) As time goes on, the value of IBM shares fluctuates, sometimes widely. The value of each member bank's regional Fed bank "shares" is fixed at $100. By statute.

    14) If IBM is liquidated, your shares entitle you to your relative proportion of assets left (if any) after all creditors of IBM have been paid. Fed regional bank "shares" entitle member banks to exactly zero Fed assets under any circumstances. By statute.

    "Shares" of the regional Fed banks owned by Fed member banks are mandatory, totally restricted, entail virtually no rights or privileges, and confer no ownership of anything under any circumstances.

    The reality is that regional Fed bank "shares" are nothing more than a semi-permanent deposit of capital by another name.

    It's unfortunate that the word "shares" was ever associated with the mandatory deposits by Fed member banks because it creates an impression that they're something that they're not.

    The use of the word "share" was very narrowly technically correct as these quasi-governmental regional Fed bank entities were formed as corporations which issue shares, as do all corporations. But, it gave rise to conspiracy theories cooked up and propagated by people who know little or nothing about the Fed, banking, government or law, but focus laser-like on the regional Fed bank "shares" to claim that "the Fed is privately owned." Never mind that the regional Fed banks have no power over anything.

    The Fed is not privately owned and never has been. For good or ill, it's a 100% government-controlled operation.

    For the ill-informed/tin-foil hatters, FACTS are unfortunate, but nonetheless remain true.

    Just so you don't get the wrong idea, I think the Fed should be abolished. It was always a bad idea, remains so and has always, from day one been a 100% government-controlled entity.

    Rant and rave all you want, but FACTS are stubborn things.

  • How Wall Street Tobacco Deals Left States With Billions in Toxic Debt

    08/08/2014 9:19:49 AM PDT · 26 of 42
    AntiScumbag to huldah1776

    Hey, I get to kill two birds with one post.

    First, no bank, “Wall Street” or otherwise (or combination of them) owns the Fed. The Fed is, and always has been a government operation.

    Second, the entire idea of securitizing a stream of future payments is based on the iron-clad fact that the stream of payments will actually happen.

    Unfortunately, for the states that securitized, the income stream is diminishing. Oops.

    As a long-time smoker, I’m happy to help that process along. Instead of paying $6 or more per pack, I make my own for about 75 cents.

    The combined federal and state tax in Florida on commercial cigarettes is about $2.34/pack.

    On the last 10,000 I’ve made for personal use, instead of paying about $1,200 in taxes, the 25 pounds of tobacco I used incurred $25 of federal tax, initially paid by the manufacturer. And then by me, of course.

    What I make for myself are the equal of anything produced commercially, and better to the extent that there are no additives at all. 100s. 1” filter. Indistinguishable from commercial, except that they taste much better.

    Think Florida is bad? NY state is far worse. Total tax of $5.36/pack.

    NY city? $6.86/pack. Almost $70/carton in taxes alone. No wonder there is a thriving contraband trade. Hijacked cigarettes, anyone?

    NYC prices are over $10/pack. No wonder they sell “loose” cigarettes on the street, they’re worth 50 cents each.

    Apparently, that sort of stuff can get you killed. Just another reason I don’t like NY, even having been there many times over the decades.

  • Detroit Residents Fight Back Over Water Shutoff: 'It's A Life-or-Death Situation' [Just Like Food!]

    07/21/2014 10:11:46 PM PDT · 53 of 68
    AntiScumbag to Jonty30
    How many months is $1,000?

    I don't know about Detroit, but in Miami at my house it would cover the $15/quarter I pay for about 17 years.

    But, they are probably getting hit with late fees/turn-it-off fees/turn-it-on fees that are 50 or 100 bucks (or more) a pop.

    So, I'd guess that the average thousand that the average deadbeat owes is probably 10% water and 90% fees.

    After all, this is Detroit, home of government-bankrupting union hacks. Some grossly overpaid water department or contractor slob has to physically open or close the valve. Those valves on single family homes are typically a few inches below ground level in an enclosure covered by a metal plate less than a foot square.

    This part was funny:

    "When the coast is clear, and the trucks from the contractor shutting off water for the city of Detroit have rolled away, the men with water keys come.

    They offer residents whose supply has just been shut off a tempting deal. For $20, they will use their tools to turn the water main back on immediately, and illegally"

    LOL. "Water keys."

    Which is a couple of pieces of rebar welded into a "T" shape with an inverted steel "U" welded to the bottom of the "T" which fits over the 1/2" wide valve lever that needs to be turned 90 degrees to turn the water back on. Notice the article doesn't describe what a magical "water key" actually is.

    Of course, none of these people know where their main water valve is or they could do it themselves if they had a tool worth about 2 bucks.

    Then again, these are the same people who think that food originates in and comes from grocery stores, so maybe they couldn't.

  • What Just Happened at Market Basket This Weekend?

    07/21/2014 7:47:48 PM PDT · 16 of 37
    AntiScumbag to Vermont Lt

    Whatever?

    OK.

    The customers may or may not abandon the stores. You probably have less insight into that than the new owner does.

    In any case, it’s their call. They’re the ones with the money at risk.

  • What Just Happened at Market Basket This Weekend?

    07/21/2014 7:31:03 PM PDT · 14 of 37
    AntiScumbag to Vermont Lt

    You may hate a “big box crappy store,” I don’t.

    In fact, I don’t care what the new owner wants to turn it into, nor should anyone.

    Surely you’ve heard of property rights.

  • What Just Happened at Market Basket This Weekend?

    07/21/2014 7:26:21 PM PDT · 13 of 37
    AntiScumbag to wizwor

    That’s a nice story, but beside the point.

    Employees, commentators, politicians, you, me and anyone else other than the owner has nothing to say about it.

    And, no, “stock traders” haven’t gutted anything, ever.

    There have been cases of corporate raiders accumulating a controlling position and then screwing up what they bought, but those very few guys aren’t “stock traders.”

    And, even in those few cases where an attempt to rationalize or restructure a business didn’t work, well, that’s the way it goes. Nobody gets a guarantee that ownership of their employer won’t change hands while they’re employed.

  • What Just Happened at Market Basket This Weekend?

    07/21/2014 3:54:02 PM PDT · 8 of 37
    AntiScumbag to matt04

    So, the employees think that they own the joint?

    I got news for them, they don’t.

    If I owned it, anyone who refused to do his/her job would be fired. Period. No matter what. There’s plenty of people who will be happy do those jobs with no guff or BS about “how it used to be” or any other rubbish.

    All you need to know about this idiotic story is summed up in these four sentences from the article:

    “Seventeen state lawmakers signed a letter on Saturday calling for a boycott of Market Basket and expressing support for employees. The number of politicians to have signed that letter has since grown. Attorney General and candidate for governor Martha Coakley issued a statement Sunday calling employees’ actions “inspiring.” Likely Republican gubernatorial candidate Charlie Baker, as well as New Hampshire Senator Jean Shaheen, and New Hampshire Senate hopeful Scott Brown, who formerly represented Massachusetts, have all also offered support to employees.”

    17 Democrats, Democrat Coakley, squish-R Baker, Democrat Shaheen, squish-R Brown.

    None of them seem to give two hoots about property rights. What a surprise. Which goes a long way toward explaining why Taxachusetts is as screwed up as it is.

    Next thing you know, the state of MA will buy it, rename it “Shaheen’s,” rehire all the self-entitled slobs and hacks who were fired in the interest of “fairness,” unionize it, add 3 new layers of management and be in bankruptcy a few years hence.

  • The Pitchforks Are Coming...For Us Plutocrats

    06/30/2014 4:00:24 AM PDT · 34 of 39
    AntiScumbag to hoagy62

    He, like the rest of his fellow guilt-ridden liberals, apparently buys all of the BS about increasing income inequality that has been spouted for decades.

    Fact is, income “inequality” has remained about the same for the last 50 years with minor variations.

    It’s not hard to concoct a bogus case when you ignore (as income) a trillion per year in welfare, the effects of taxes, changing average household size and a bunch of other important stuff. Piketty (a socialist) writing a book chock-full of the same old stupid garbage is just the latest example.

    The entire argument is rubbish. There is something of a case to made for decreasing income mobility (movement among income quintiles, up and down) but that’s mostly a result of liberal government policies.

    The guy just parrots the usual liberal lies to make himself feel better. He knows nothing about economics or the gross manipulation and distortion of statistics or convenient omission of critical facts used by liberals to support their ridiculous arguments.

    “Income inequality” is on a par with “global warming.” Both are total BS, concocted by the same type of people with the same socialist “we know better than you” agenda.

  • Rising U.S. economy could help Democrats stave off election loss

    05/12/2014 9:31:51 PM PDT · 103 of 106
    AntiScumbag to Lazamataz

    Uh, huh. Whatever you say.

    Unfortunately, your problem remains that you’ve lost the argument. So, blather on without me, my job here is done.

  • Rising U.S. economy could help Democrats stave off election loss

    05/12/2014 8:25:37 PM PDT · 101 of 106
    AntiScumbag to Lazamataz

    You asked. And, no, you don’t matter.

    Go hit something, you’ll feel better after having been exposed as a poseur.

  • Rising U.S. economy could help Democrats stave off election loss

    05/12/2014 7:54:05 PM PDT · 99 of 106
    AntiScumbag to Lazamataz

    Sure. Although I’ve never called anyone a “no-nothing.”

    “Know-nothing” is accurate. For instance, you. To which I would add attempted bully, although you’re not very good at it.

    Even though you claim to have read my previous posts, either you’re a really bad liar or really bad at math, as obviously I don’t post “every few years,” as you would have it.

    But, hey, that’s just you — good at generalities, bad at facts and details. Good at throwing crap around with nothing to back it up.

    Fact is, I bother to post maybe once every 3 months or so on average, as anyone who bothers to look can see. Only when I see some really outrageous idiocy. I pass on the run-of-the-mill stuff. Of which there is a lot.

    Notice how there are no longer any tax-protester idiots around this place? I had some small part in that in that I relentlessly hammered and buried their BS every time I saw it.

    Go back a few years, my posts are there. Either they gave up out of embarrassment or the mods finally figured out that they were full of crap and zapped them. I have no idea, but I wasn’t going to let their garbage stand without a response.

    In this case, it was you who responded to me with ridiculous nonsense you can’t and haven’t once defended other than with meaningless opinion.

    And, as is your apparent predilection, no, wait, maybe it’s a compulsion, you have once again tried to divert the conversation from your indefensible BS.

    The economy is growing at a crummy 2% or so and the market is discounting our better future, all of which has nothing to do with the dollar, and that better future is coming soon in November when jug-ears is totally defanged and turned into a nice little lame-duck puppy who runs around yapping his Marxist crap while everyone ignores him and wonders how in the hell he was ever elected.

  • Rising U.S. economy could help Democrats stave off election loss

    05/12/2014 5:11:15 PM PDT · 96 of 106
    AntiScumbag to Lazamataz

    And you still haven’t spent two words on trying to defend your nonsense.

    You continue to attack me in your lame effort to divert attention from the fact that you can’t defend what you said.

    What a surprise.

    Isn’t it time for you to go off to some teacher/student thread and tell everyone that you’d hit it?

    I say that because logic and facts don’t seem to be your strong suit and you’ve already embarrassed yourself sufficiently here.

  • Rising U.S. economy could help Democrats stave off election loss

    05/12/2014 4:48:15 PM PDT · 91 of 106
    AntiScumbag to Lazamataz

    BTW, an “appeal to authority” is for the purpose of supporting a point. I only mentioned that I’ve traded this stuff for 30+ years so that you would understand that you weren’t dealing with one of your fellow know-nothing idiots.

    Which had absolutely NOTHING to do with the issue at hand — that the economy is growing despite jug-ears and the market is discounting the future.

    But, I wouldn’t expect you to understand the distinction.

  • Rising U.S. economy could help Democrats stave off election loss

    05/12/2014 4:39:11 PM PDT · 90 of 106
    AntiScumbag to Lazamataz

    So, let’s review. You haven’t spent even two words attempting to defend your completely and totally indefensible position that stock prices are due to depreciation of the dollar, but you have called me a/an:

    asshat
    moron - twice
    liberal
    troll
    asshole - 10 times

    Your debating skills are awesome!

  • Rising U.S. economy could help Democrats stave off election loss

    05/12/2014 3:43:26 PM PDT · 88 of 106
    AntiScumbag to Lazamataz

    Sorry, but your continued attempts at misdirection won’t work — I’ve only quoted your EXACT words.

    I copied and pasted them from your posts. I don’t need to misrepresent what you said, it’s there for everyone to read.

    All you have is ad hominem attacks on me.

    Face it, you can’t defend your idiocy. Stock prices cannot be attributed to the declining dollar beyond the extent I mentioned — ~25%. Out of 150%.

    You’ve been silent on that for good reason. You’re flat-out wrong.

    I’ve appealed to no authority (where did you get that, anyway? Do you think it makes you sound smart?) I’m only pointing out that you can’t defend your proposition — you haven’t even tried in your last half-dozen posts. Or, for that matter, ever. All you do is attack. Nothing but ad hominem. I’m an “asshole.”

    You have lost the argument. Decisively. Give it up.

  • Rising U.S. economy could help Democrats stave off election loss

    05/12/2014 1:58:52 PM PDT · 86 of 106
    AntiScumbag to Lazamataz

    As I said. You have nothing but ad hominems. Pitiful.

  • Rising U.S. economy could help Democrats stave off election loss

    05/12/2014 1:25:46 PM PDT · 82 of 106
    AntiScumbag to Lazamataz

    Yeah, well, everyone has figured out by now that you can’t support your nonsense, so you try to change the subject, mostly by resorting to ad hominems.

    Now we also have your opinion that you think the market “is completely out of joint, completely out of any touch with reality” which explains why you don’t want to admit that there is even crummy 2% growth in the economy.

    Let me put it this way. You are obviously ill-equipped to form any conclusions worth reading about the market.

    BTW, everyone also knows that anyone who has to claim how smart they are usually isn’t. You’ve certainly proved that.

    My point remains unrefuted by you or anyone else.

    The economy has withstood the worst jug-ears could throw at it and still grows despite his idiocy. The market is busy discounting our more prosperous future, whether you or any of the others on this thread like it or not.

  • Rising U.S. economy could help Democrats stave off election loss

    05/12/2014 12:16:04 PM PDT · 79 of 106
    AntiScumbag to Lazamataz

    OK, tough guy.

    You’ve demonstrated that you don’t know what you’re talking about despite your bluster and “assertions” with “accuracy.”

    Your latest failed attempt to explain higher security prices is “commodities.” As I said gold only explains 20 to 30% at most, so you fall back to commodities in general.

    The dollar must be depreciating vis a vis “commodities” and therefore security prices are higher. Which you have “explored enough in this arena” to utter yet more nonsense.

    The Reuters/Jeffries CRB, the current version of the old CRB index (that’s right — go look it up) has sold at today’s prices (~295) in every year since ‘08. An index of 19 commodities, including metals. Since stocks bottomed in ‘09, the CRB is up about 25%. Gosh, that’s about the same as gold, and it still doesn’t explain 153%.

    I attacked your specious “argument” because it was false and you don’t know whereof you speak.

    At least you admit that the economy may have been growing.

  • Rising U.S. economy could help Democrats stave off election loss

    05/12/2014 9:40:23 AM PDT · 76 of 106
    AntiScumbag to Lazamataz

    My, my, are you upset at being exposed as an economic illiterate? Or, is it because you can’t be bothered to read an entire post before flying off the handle?

    I’m sorry that you had to go to the trouble to look up what the dollar index is, but your smokescreen of ad hominem doesn’t cut any mustard. BTW, I’ve been trading currencies and the dollar index for over 30 years, you’re not talking to one of your fellow know-nothing rubes.

    My point was and is that this economy is growing DESPITE the worst jug-ears can throw at it and has thrown at it for the last 5 years. There’s no point in denying it, you just make yourself look silly.

  • Rising U.S. economy could help Democrats stave off election loss

    05/12/2014 8:50:17 AM PDT · 72 of 106
    AntiScumbag to Lazamataz

    You once again confirm that you’re not very bright.

    Obviously, I know exactly what the US dollar index is, as I said — but you apparently couldn’t be bothered to read:

    “But, that’s against other fiat currencies, so how about against gold?”

    Lemme know when you come up with another dumb excuse for your economic illiteracy. You haven’t come remotely close to explaining equity prices.

  • Rising U.S. economy could help Democrats stave off election loss

    05/12/2014 6:22:00 AM PDT · 66 of 106
    AntiScumbag to Lazamataz
    a stock market that is higher because the dollar is devaluing

    Ya know, you're a good example of what's wrong with this site and knee-jerk conservatives in general -- that is, you don't know have the first clue about what you're talking about.

    In fact, the US Dollar index has traded between 79 and 80 in '91, '93, '95, '05, '08, '10, '12, '13 and '14.

    The DJIA is up 153% from the lows of '09, yet the dollar has gone EXACTLY NOWHERE for over a decade. So, no, the market isn't higher because "the dollar is devaluing."

    But, that's against other fiat currencies, so how about against gold? From 1,000 in '08, it's about 1,300, up 30%. A few months ago, under 1,200, up less than 20%.

    Nope, that's not it either. At most, "devaluation" of the dollar accounts for but a small fraction of the price behavior of securities.

    I won't hold my breath for you and most of the others on this thread to admit to facts.

    I will join everyone on this thread in hoping for the rejection of the moronic jug-ears and all that he stands for at the earliest possible date.

    But, contrary to the idiocy on this thread, the economy is growing at about 2% -- way too slowly -- but that will improve when jug-ears is neutralized and then finally replaced so the process of undoing his damage can begin.

    Meanwhile, it's just silly to deny reality.

  • Rising U.S. economy could help Democrats stave off election loss

    05/12/2014 4:45:07 AM PDT · 40 of 106
    AntiScumbag to Oldeconomybuyer

    What is the matter with the people on this site?

    The economy IS growing, and by a lot more than .1%. Maybe something like 2% this year.

    Proof? Simple. Actual, collected withholding and income taxes are up about 7% year-over-year. Fact. Withholding taxes aren’t paid over to the feds unless they have to be because the employment and the associated withholding took place. Don’t believe it? See the daily Treasury reports.

    Why is that? Because the underlying U.S. economy is so strong and resilient that it can resist and overcome even the worst that the sh!tbags in the jug-ears administration can throw at it. And they’ve thrown an amazing amount of crap at it in the last 5 years.

    The DJIA just made a new all-time high. Why? The market is discounting the wholesale slaughter of Democrats in November and a probable Republican win in 2016. The pain of what will be 8 years of BS from jug-ears is slowly coming to an end and it’s starting to become obvious.

    Will a semi-decent economy, still recovering at a pitiful rate relative to what it should be benefit Democrats in November? Not a chance.

    Joe 6-pack understands that he’s not better off. Capital investment sucks, new business creation sucks, job creation consists mostly of relatively low-pay jobs, and unemployment is down only because people have left the labor force. People are sick and tired of 5 years of failed liberal crapola.

    The era of BS is about to end and the market is saying so. Reality is that the 2% growth economy will improve once it’s clear that jug-ears has been totally neutered in November.

    But, that’s no reason to deny that this economy is currently expanding and has been for years — even though it’s at half the rate (or less) than it should be. Our economy is capable of withstanding much more than one passing totally clueless moron in the White House.

  • 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.