Archive for the ‘Money’ Category

Peter Schiff Predictions Revisited

Wednesday, December 3rd, 2008

I think this punctuates the post on Kiyosaki/Maloney predictions.

Kiyosaki/Maloney Financial Predictions Revisited

Saturday, November 29th, 2008

From December 2006:

The yen is now 95 to the dollar.

Iran and perhaps China are in the process of switching reserves to gold.

Mmhhmm.

“ALL YOUR BANK ARE BELONG TO US” says Colonel Klink

Tuesday, September 23rd, 2008

colonel paulson ALL YOUR BANK ARE BELONG TO US says Colonel KlinkI’m still trying to get my head around what the hell is going on, but best I can tell is that Colonel Klink, social climber that he is, has somehow lifted himself from an obscure commandant of Stalag-13 to the very highest levels of the  American military industrial complex.

And he appears to be a mere thirty-two words away from unilateral control over the American banking system.

Where’s Hogan when you need him?

Seriously though, I’ve spent a good chunk of the last two days trying to get a better handle on what’s really happening.  As someone who, until just about a week ago, knew virtually nothing of American or international finance, I’m the first to admit that I have no idea what I’m talking about.  That said, here’s my take on it all; oddly enough much of which can best be summarized via this tiff between Naomi Klein and Andrew Sullivan:

naomi klein versus andrew sullivan ALL YOUR BANK ARE BELONG TO US says Colonel Klink

I think they both might just be right.  Certainly an administration that relies on shock doctrine to achieve it’s goals could leverage a generation of Americans raised on the concept of credit as money — after all, “Life takes Visa” doesn’t it? — to engineer a self-imposed financial disaster.

C’mon, let’s put on our tinfoil hats and ask a few “what if” questions.

  • What if the current administration colluded with the likes of Goldman Sachs to setup mortgage packages that were difficult to trace and, more importantly, doomed to fail.
  • What if these mortgages were promoted as part of an ownership society, a get-rich concept sold to an American public that grew up on credit and believing in the words of Gordon Gekko: that somehow greed “will save that malfunctioning corporation called the USA.”
  • In other words, what if the current administration set out with the intent of producing a — this — disastrous event as a means of furthering an agenda?

Of course, some would call this financial terrorism:

And if it’s true, they’re damn right.  But terrorism to achieve what end?  What’s the agenda? More profit for Bush cronies as the dollar collapses?

I wonder if the Bank of Klink will offer a good Dollar to Amero exchange rate..

Ben & Jerry help me figure out where my income tax dollars are going…

Tuesday, May 6th, 2008

Given that I recently learned how I am voluntarily stuffing Uncle Sam’s pocket with income tax dollars each year, I decided to look around and see where exactly that money was going. Believe it or not, I got the answer from Ben & Jerry, the ice cream guys.

It looks like this:

true majority pie chart.thumbnail Ben & Jerry help me figure out where my income tax dollars are going...

Aha. Over half of the discretionary budget, $463 billion per year, goes to the Pentagon. This so that they can shoot missiles at it and play Wag the Dog and start illegal wars and curtail civil rights and so on. Sweet.

Anyway, looks like Ben Cohen has been working with USAction on TrueMajority.org, an attempt to impose sanity on the US federal budget with a Common Sense Budget Act. It’s amazing what could be done by redirecting just a fraction of the discretionary budget. Going to keep close tabs on this I think.

Still, it makes me sick to my stomach to think about where the rest of the money is going.

I need some Chunky Monkey.

Make a cool $300,000 if you can prove that you must pay income tax.

Saturday, May 3rd, 2008

If you’re an American that is.

I was doing some year-end tax research (I got an extension), and came across this interesting challenge by the Freedom Law School.

According to the challenge:

  1. Unless proven otherwise, there is no known statute that dictates US citizens are responsible to pay an income tax; individuals only become liable when they voluntarily file a tax return.
  2. Moreover, if there were such a statute, it would be in violation of the 5th Amendment as admission of one’s income could be self-incriminating.
  3. While the 16th Amendment supposedly grants Congress the right to levy income tax, it was never properly ratified.

In short:

The IRS, under the United States Constitution, cannot legally require information on 1040 returns from individuals. This is the reason the IRS continually refers to the income tax as “voluntary.”

So, if you can disprove the three points above, Freedom Law School will send you a fat check to help you pay off your taxes.

Or, maybe you can just keep quiet so you won’t have to pay those taxes in the first place.

Note to IRS:  Not me of course.  Haha.  No, I actually quite enjoy filling out these forms and staring vacantly at the wall as I wonder how to make ends meet in the coming recession.  Aha.  Yessir, nothing better.  Ha ha.  Ha.

$1 USD is 99 Japanese Yen!

Sunday, March 16th, 2008

Closely on the heals of my breaking story about $300 cherries, I noticed today that the yen has broken the one dollar mark. To the best of my knowledge this hasn’t happened since ’round about 1995, back when I was living in rural Miyazaki in a small house infested with giant Japanese house spiders that always reminded me eerily of the spider head from John Carpenter’s The Thing. (The Thing tagline: “Man is the warmest place to hide.”)

Oddly enough, the spider head was once available from Amazon.com and apparently featured “an incredible sculpt that captures the spirit of this character.” Which would therefore be the spirit of a diabolically murderous shape-shifting alien entity bent on infesting all of humanity. Talk about craftsmanship.

Fortunately with the new exchange rate I can leverage my Sumitomo savings and back order a dozen or so.  I might even be able to afford a Ghosts of Mars action figure or two..

40 cherries for $300. Bargain.

Sunday, March 9th, 2008

From our remote correspondent in Tokyo.

200803091102000.thumbnail 40 cherries for $300.  Bargain.

30,000 JPY for forty cherries. Almost $300 dollars.

Now I’m sure that each cherry was individually encased in protective polystyrene cushioning, perfectly cooled, and personally serenaded to sleep each night by various members of the Tsunk Family, but still… I think this is a little excessive.