$10 mil

Ron hit and surpassed the $10 mil mark for the quarter, today, at precisely two-thirds in. Another half mil, and he'll have again doubled last quarter's take. His "crazy goal" of $12 mil for the entire quarter now seems modest and unambitious. He's already raised more so far this quarter than Guiliani, Romney, or Thompson raised in all of last quarter. And now comes news of another completely independent effort by people unencumbered by centralized…Read More

The Best National Defense

There has never been a doubt in my mind that the best national defense is to make sure that everyone else -- friends and potential enemies -- have an important financial stake in your stability, success, and prosperity. When I learned of that purchase of a 5% stake in Citigroup for $7.5 billion the other day, I didn't for a second buy the rhetoric that it was a "bailout." Yea, Citi can use the cash,…Read More

Prescient Goldwater

The turn will come when we entrust the conduct of our affairs to the men who understand that their first duty as public officials is to divest themselves of the power that they have been given. It will come when Americans, in hundreds of communities throughout the nation, decide to put the man in office who is pledged to enforce the Constitution and restore the Republic. Who will proclaim in a campaign speech: 'I have…Read More

Cost Effective; Timely

You can be sure I'm not describing anything above the small-claims level of our court system. But I am describing a private, dispute resolution option. The National Arbitration Forum. Back when I came up with the name Provanta for my company, back in about 1999, that domain was already registered to some electric company as a brand name for one of the services they provided to commercial clients. So, I registered provantacorp.com, and provanta.biz later,…Read More

Yowzer

Major indexes all up big; volatility indexes all down big. This is the first time we've seen two consecutive up days in a row on the S&P 500 since Oct 22 and 23. Yesterday was a gain of about 20 points, and today double that at 40 points, for a total of 60 points and a gain of 4.3% in two days. So if Monday's closing at 1407 holds -- almost exactly 10% off the…Read More

The Irony

Karen DeCoster beats me to something I had on my list. Yea, Warren Buffett is worried that not stealing a major portion of a person's estate from their chosen heirs (often forcing them to liquidate cherished or income-producing assets in order to pay taxes) might result in a plutocracy; you know, like you might have one of the top rich people in the country fly in from Omaha, or something, and try to use his…Read More

ProShares

Ever heard of them? By now, most people understand how mutual funds work. How about ETFs, or exchange traded funds? ETFs differ from mutual funds in that they can be traded throughout the day, and at least most of them are are index tracking, which is to say that shares of the underlying index (like the DOW, NASDAQ, S&P 500, etc.) are automatically traded in proportional lots to those buying and selling the fund itself,…Read More

Monetary Policy

This is a very compelling video mashup of Ron Paul and monetary policy, including lots of clips from CNBC and elsewhere. My guess is you'll probably find it worth the 10 minutes of your time it'll take. While I don't share Paul's view of coming doom to the extent he does, you can't evade reality forever. And, he's right about one thing: the core problem is not money creation through credit (in and of itself).…Read More

Equity Risk

Now article by Fortune's Shawn Tully is by far the most sensible article I've read in some time arguing that markets could come down substantially more from the 10% correction already in the works. I doubt it'll play out that way, because in my experience markets only do "the right thing" long term. In terms of months, and even a few years, they'll do any damn thing they want, no matter how little sense it…Read More

Predicting the Future

I'll be dammed, but Jay Jardine found a sure way to do just that. He's Canadian, but I think Americans can do just as well. Eh, how about predictable? Seriously, how old do you think the person who wrote that is? I figure if they're old enough to use a thesaurus, they ought to be old enough to get over their belief in Santa Claus, the tooth fairy or other fantastic wish-fulfillment vehicles like the…Read More

Think Globally

I can't think of anyone not being pretty shocked, or at least amazed -- do I hear surprised? -- to take a close look and study of the chart and table to be found here. But wait! Before you do, can you guess the top three stock markets in 2007 in terms of percentage gain? (It's nice to see The People's Paradise of Venezuela 2nd to dead last in the entire world.)Read More

“We’ll Look at That”

You really only need to look at the first 35 seconds of this to get the point of this post. Feel free to watch the other three minutes, if you like. Perhaps you'll realize something, as I did, that I'd never thought about before. How come alcohol prohibition was accomplished through the very arduous process of amending the U.S. Constitution (later repealling it, through the same arduous process)? Ron Paul points out: because they [rightly]…Read More

Compare and Contrast

Fox's Neil Cavuto aggressively interviewing Ron Paul on June 26, 2007. (Funniest part: Cavuto asks Paul how the building he was standing in -- the one housing the congress and senate -- could have been built without the IRS and income taxes. Paul points out is was built prior to 1913. Ha!) This is Cavuto interviewing Paul five months last, on Nov 23rd (Part 1; Part 2). I've never seen Cavuto so gentle. Via Rockwell.…Read More

On SWAT Raids

I see two arguments in support of this kind of thing, both from the cops and their choirs: 1. Ensure safety of officers. 2. Prevent the destruction of evidence. To the first, why should cops be entitled to safety that goes beyond their own exercise of reason, civility, and restraint? Put another way, I suspect that one reason for all of the "wrong door" raids is because they are afforded the luxury of overwhelming force…Read More

James Madison

Worth a look. Now, do you ever wonder how it is that you can often read such things and find them to be so prescient, today? Do you understand why that is? Well, for one, it's because they understood practical politics; they understood human propensity to be driven by fear above all else; and they understood human propensity to seek authority ("easy answers") outside of its own capacity to reason. They also understood that the…Read More

“My country ’tis of thee…”

...sweet land of liberty...Where 2,000 juveniles -- juveniles; people who are supposed to be stupid, so's they can learn the difference -- are serving life sentences without possibility of parole. This compares to 12: in the rest of the world combined. ...Of thee I sing.Read More