2 Cents Worth On Life Its Ownself

The surprise isn’t that history repeats but that folks are surprised when the same thing occurs again and they think it is something new.

If you  searched or stumbled across the back pages of the news today you may have seen the article about the arctic sea ice.   Since spring of this year we have seen repeated stories about the allegedly alarming reduction in the arctic sea ice and as a harbinger of global warming doom.  Yet, today in the small print we note that the sea ice there has actually increased by 30% this year.  But the media types immediately in the same articles continue the warming that the “models” show that the ice will decline rapidly.  Where’s Groucho when you need him–who you going to believe your lying eyes or what these smart folks tell you?

Both the message and the messenger are important on the major issues of the day.  Syria is a case in point.   Hitler was a great messenger regardless of his evil.  His message was evil for the most part.  Yet it can’t be denied that he could sell the message extremely well.   Check out those old videos of his speeches.  He was very effective with his audience and that is what counts.   In Syria we have the bad combination of a terrible message and an ineffective and arrogant messenger.    The I, Me, My guy in the White House is so egocentric that he makes the issue all about him.  That wears thin after a while and has in this instance.  There needs to be a compelling message and that hasn’t been presented.  Exactly what are we attempting to achieve in Syria?   Whatever that may be, do the facts at hand regarding the combatants there and their goals match up with any vital interests of the US?

Harry Truman was not my guy.  Didn’t like him but he did speak plainly which is appreciated.  At least you knew the devil and his designs.  When faced with a similar conundrum about picking sides between two abhorrent foes he was direct.  When Hitler invaded Stalin’s play pen old Harry said clearly that he didn’t like either of them and he hoped that would slaughter each other.  This was before he become vice president.  At least he knew evil when he saw it.

Vladimir Putin, the great peace maker.    That is something for an old KGB hired hand and ruffian.   I believe he has read his Machiavelli more carefully than our guy.

After a long hot summer it is hard to believe that in only a few weeks some parts of the country will see the first flights of Canadian geese heading south.

We are all familiar with  the basic story of William the Conqueror and his conquest of England and the Battle of Hastings in 1066.   The Normans were on the move during this period of history.  What very few know is that a relative of his Robert Guiscard was during the same time frame conquering and liberating much of central and southern Italy and Sicily.  He and his quite small army threw out the Muslims from Sicily and areas of southern Italy and at the same time dominated Rome and the Pope.  The Pope was glad to have him because he was Christian and was fighting the Muslims and restoring the prestige and power of the Church.  Old Robert also was about gaining power and dominion over as much land as he could.  He even expelled the Byzantine empire from those central portions of Italy.  His children were married off to cement alliances and his 12 sons aided in the conquests.   Those independent Italian  principalities lasted well into the 19th century.  Napoleon’s son become the King of Naples centuries later.  Robert never had more than 10,000 Normans to accomplish all this.  He formed alliances with local groups who had their own  reasons to want the Muslims out and have different rulers in other areas that weren’t dominated by Constantinople.

It is a truism of investing that you don’t buy or sell stocks of feelings or emotions.  But I guess those green tree -huggers slept through that part of the class.  They are still buying Tesla even though the stock is selling at a negative, yes, negative 89 times earnings.  And about 80% of their “earnings” come from selling those energy tax credits to others, not selling and making a profit on  cars.   Good luck to you if you are one of those investors.  Sooner or later morning comes and one has to face the reality of the day, not the dreams of the night.

The Great Pyramid of Cheops is the largest.  The square base is aligned correctly on a north /south and east/west setting.   From the chamber of the Pharaoh buried in the middle there are two passage ways that run at about a 45 degree angle up to the surface hundreds of feet about ground level.  The one facing south points directly at the belt of Orion; Orion was the Egyptian Osiris God.  The one pointing north faces true with the North Star.   Clearly those two markers in the sky were very important to them for whatever reason.  We’ll likely never know for sure why but we know when they constructed these huge structures that those stars were very important.  They went to a lot of trouble to make those alignments happen.

Even as late as this summer Bernancke has continued to insist that the Federal Reserve is not monetizing the debt.  That simply means printing up new money to cover the Federal deficit.  Let’s see, they have been buying 45 billion per month of US Treasuries for well over a year.  The US has run a deficit over or near one trillion dollars for 5 years now.  The Fed now owns more US Treasuries than even China even though some politicians keep talking about the Chinese being our largest creditor.  The Fed is buying about 75% of all US Treasuries trying to keeping rates low. Those rates have jumped dramatically this summer from 1.4 in May to near 3.0 as of today.   Would the US treasury have been able to borrow all those trillions without the Fed at such low rates?   And remember when the Fed “buys” treasuries it does so with a keystroke on a computer, not real money.  But not to worry we’re aren’t monetizing the debt.

“The law is silent during war.”  Cicero.  http://www.olcranky.wordpress.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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