Freedom Lawyers of AmericaA site that will chronical the dark side of the news to show what happens when freedom is dying and to sell his books SHELLY WAXMAN'S BOOKS. We also foster and certify the proper use of independent contractors. http:independentcontractor.info CHECK OUR WEBSITE http://thelawyer.info WHERE YOU CAN ALSO ACCESS OUR FREEDOM LAWYERS YAHOO GROUP
Wednesday, July 31, 2002
THE AMERICAN BAR ASSOCIATION MAY BE ENTERING THE 1980'S
By that I mean that they are still behind the times but they were in the 1950's before some recent pronouncements:
1. They will now recommend to allow lawyers to have a limited practice in jurisdictions where they are not licensed and to be admitted to practice in other states without taking the dreaded Bar exam, as long as they have passed it in another state. The Multijurisdictionaljurisdictional (Boy is that a mouthful--only a lawyer could do it) Practice Committee.
2. They will now recommend to allow lawyers to enter into referral arrangements with non-lawyers. TheStanding Committee on Ethincs and Professional Responsibility.
Wow!!! Maybe they will hit the 21st Century soon.
IF YOU ARE INTERESTED IN MY RADIO SHOW CALENDAR
MY RADIO SHOW CALENDAR
ALL EASTERN TIME--August 7@8:30 a.m.-Eastern North Carolina; August 7th @1:00a.m. National 380 stations; August 8 @ 7:15 p.m. LasVegas; August 13 @ 12p.m., Salt Lake City; August 28 @ 9:30a.m., Fairhaven, Mass. For details check the LINK BELOW.
GET OUT OR STAY IN?
If you're a new subscriber and still own stock in corporate America,
you don't have much time. Unless you act immediately, the window of
opportunity this rally has opened for you could snap shut. GET THE HECK OUT
before the next crash, which could be the biggest of all.
Meanwhile, if you are out of stocks, count your blessings and start
making back any old losses with a ton of interest. My option subscribers
are bagging profits hand over fist -- with 400% ... 231% ... and 266%
profits in just the last four weeks. Too late for you on those profits, but
there's a whole new crop of profits right around the corner. Take advantage
of the last gasp of this rally to get positioned immediately!
The Dow has not even come CLOSE to breaking through the sharp
downtrend line. It hasn't even eclipsed the very FIRST major level of
resistance. The rally is bumping up against a ceiling -- a critical point
where sellers are about to come roaring in to sell all the stocks they
didn't get out of earlier. It's already happening. As I write this, the Dow
is already down 55 points.
Look, it makes sense: Investors have lost a TRILLION dollars in the
last three months alone; a full $8 trillion since the bear market began.
They've been suffocating under the weight of these losses, searching
desperately for an escape hatch. Now, this rally in the market IS the
escape hatch, nothing more.
By now, almost anybody with an IQ higher than an eggplant knows that
Enron, Global Crossing, and WorldCom were NOT just "a few bad apples," that
what has been revealed so far is JUST THE TIP OF THE ICEBERG:
* Just yesterday, it was revealed that Qwest officials personally made
about $500 million in stock sales while they cooked the books by more than
* The AOL fraud investigation is just NOW getting underway. AOL Time
Warner shares are already down 87%. When the results are revealed, expect
AOL Time Warner shares to be decimated.
* Merrill Lynch is again in the hot seat -- this time for firing the
one analyst who had raised serious doubts about Enron.
* By August 14, more than 900 CEOs will be forced to personally swear
to the accuracy of their financial statements or confess to accounting
manipulations. Expect a huge wave of confessions that will wipe out this
rally in a matter of days.
On top of all this, the US banking system is in trouble
The investigations into Citigroup and JP Morgan Chase have BARELY
BEGUN to reveal the behind-the-scenes manipulations and collusions -- not
just for Enron, but possibly for dozens of giant corporate clients that
cooked their books.
Meanwhile, trouble is flooding into the US banking system from
overseas. Brazil's problems are about to hammer US banks -- and shares --
with a vengeance. Brazil's currency plummeted 5.1% just yesterday! Its
bonds cratered to 53 cents on the dollar, as interest rates surged to 23%.
Brazil is now more likely than ever to default on its staggering $337
billion in debt. US banks hold tens of billions of this debt, and they're
going to have to write much of it down.
This is a very hostile environment for stocks
Any rally you see is a selling opportunity. It's the reverse of the
'90s. Back then, investors learned to buy every dip in the market. Now,
they're learning to sell every rally in the market. That's why all rallies
keep failing every time the Dow hits resistance on the charts.
You don't have much time. Unless you act immediately, the window of
opportunity that this rally has opened for you could snap shut. This rally
is your very last chance to GET THE HECK OUT before the next crash, which
could be the biggest of all.
If you have any stocks whatsoever still in your portfolio, start
selling immediately. If the market rallies for a couple of days more, sell
more. (The only exception: The gold mining shares and energy fund we
recommend in our "Mr. Conservative" portfolio.)
Then, use this rally to get immediately into position to start making
some money from the next crash.
Tuesday, July 30, 2002
I DON'T VOTE; VOTING ENCOURAGES THE BASTARDS
See, since you don't really have much of a choice between republicrats and democans and the lp doesn't stand a chance, the best shot is not to vote. It scares them to get less than 50% of the vote. If nobody voted (a boycott) they would be forced to make some relevant and meaningful changes.
SIMPLE IS BETTER!!!!!
IS THE REAL ESTATE BUBBLE BURSTING??
I have an office with a real estate broker. They and other brokers have a record inventory of houses for sale but few takers. What happens? The sellers-not being able to sell-are lowering their prices. If that doesn't work, they will lower further, etc., etc. This is classic economics--supply and demand. Well, isn't this a bubble bursting?? A correction for sure over inflated prices but how far down?? If there are no buyers, it doesn't matter how low the price goes. Of course that is what is the story here in South Haven--a place where second homes prevail. I don't know what is going on in other areas. It is something to watch because the bulls are saying that low interest rates are keeping the real estate boom going. What happens when liquidity dries up??
Monday, July 29, 2002
TRAFICANT ON HANNITY & COLMES TONITE AT 9 p.m. EASTERN
CHECKOUT FOX NEWS. TRAFICANT IS TO BE SENTENCED TOMORROW, EXPECTED TO RECEIVE 8 YEAR SENTENCE
NOBODY KNOWS ANYTHING ANYMORE
11:11 am ET Jul 29, 2002
Thom Calandra's StockWatch
Turning into a liar's solitaire
Investors reject MBAs, money mags, advisers
SAN FRANCISCO (CBS.MW) -- Most people realize the only folks worth listening to in this liars' stock market are those who have:
No CEO or CFO titles.
No outside auditor.
No MBA degree.
No mutual fund affiliation.
No brokerage affiliation.
No "equity strategist" title.
No company stock options.
That leaves the folks on Main Street, the ones whose only safety net these days is a bowl of soup, or the hand-holding of a commiserating spouse, son, daughter or father-in-law. Ordinary folks, having squandered half or more of their taxable and retirement portfolios, are in equal parts: furious, mystified and queasy about the behavior of financial markets this summer.
To be sure, the stock market is at last behaving itself. Drug stocks (DRG) are rising smartly as investors finally appreciate their defensive qualities. Gold prices and metals stocks, sensing little or no inflation on the horizon, are in the tank. Retailers' shares are weathering the storm. And so on.
Here's what everyday people -- those without paper parachutes, are saying about these times:
Dan Diamond says, "History has a way of repeating itself. The two greatest stock market manias prior to this one were the roaring twenties, which ended in 1929, and the Nikkei 225 mania, which ended in 1989. Since this recent boom was greater than the other two follies, this bust should be equal to or greater than its predecessors. The three biggest problems facing us now are the debt Bomb, the housing bubble and demographics. The Fed added fuel to the fire every time it lowered interest rates, creating more debt for the consumer and for corporate America. The second is a housing market that is about to pop. Lastly, the baby boomers will not be able to wait out the crash; they will need their money for retirement or health care costs."
Mike Pascale says, "Do I have this right? The folks on Main Street are fools for buying and holding equities; yet buying and holding is okay for the gold mining stocks, which have tanked 20 percent to 40 percent in just the last week? I'm glad you consider last week's rally a joke; it was certainly no joke to see my gold stock holdings and options sink to multi-month lows."
Peter Stock says, "CNBC just reported gold down along with gold stocks, big time. It has no clue as to the reasons. The bullion dealers (JP Morgan Chase, Goldman Sachs, etc.) are selling massive quantities of gold they don't own, in order to manipulate the gold price for their own derivatives nightmare." (Read related article.)
Joe Adams says, "I have to disagree with your conclusion that investors are 'frozen in the headlights' by their refusal to sell into this decline. I think they are just trying to be long-term, buy-and-hold investors like the financial media has been telling them to do for years. Those who listen to the media don't have any other choice but to ride this out anyway, since the media has also told them it's too late to sell." (Read related article.)
Glynn Jones says, "My $7,000 investment in Enron (ENRNQ) (100 shares) went to $48. My $4,000 investment in Finova (FNVG) went to $42. 'Business is great!' declared the CEO one morning. My $3,000 investment in JDSU (JDSU) is worth maybe $100 (recommended by Money Magazine). My mutual funds have lost 50 percent. That's what I got from following the advice of financial magazines, TV programs, books and my financial adviser."
Keith Britton says, "I don't think it's a matter of fear that we hang on to these market sloths, but rather the successful brainwashing that was done to our poor minds years prior, where we were taught to dollar-cost average and think of the long-term and plan for a 10 percent annual return. We've also entrusted fund managers who we (mistakenly) believed would actively manage our funds - putting those expensive MBAs to use, hedging against down times and riding the wave of good times for us. We've gone through some intense, psychological conditioning and it's going to take a lot to break it. Perhaps a fourth year of recession and more execs paraded across the tube getting rich off our losses is the kind of pain we need to break our deer-like stares."
Saturday, July 27, 2002
ISLAM (THE SO-CALLED "RELIGION OF PEACE") AT WAR WITH THE BUDDHISTS
ISLAMISTS WORLDWIDE WATCH
Pocatello, Idaho July 27, 2002
Buddhists are now shedding blood defending themselves against the Islamists.
Islam, "the religion of peace", seems to be at war with every major religion on
Earth (Judaism, Christianity, Buddhism, Hinduism, etc.). They are coming to a place
ISLAM-THE RELIGION OF WAR
Friday, July 26, 2002
SOME SENSE FINALLY COMING FROM THE MASS MEDIA ON THE DRUG WAR???
ABC NEWS SPECIAL TO AIR JULY 30 AT 10 PM EST ON ABC
WAR ON DRUGS, A WAR ON OURSELVES WITH JOHN STOSSEL
How many wars can America fight? Now that we're at war against
terrorism, can we afford to also fight a drug war in Afghanistan,
Colombia, and against millions of our own people? Is it wise to fight on
two fronts? Should drugs be legalized? John Stossel asks whether some of
the world's biggest problems stem not from the drugs themselves, but
from the prohibition of drugs, in an ABC News special, "War on Drugs, A
War on Ourselves with John Stossel." Stossel interviews drug sellers and
users, farmers in Colombia, and government officials, in the new
special, which airs on TUESDAY, JULY 30 (10:00-11:00 p.m., ET), on the
ABC Television Network.
We know the awful things drug abuse does. We've seen the despair, the
sunken face of the junkie, and the women who prostitute themselves for
one more fix. But do we know the terrible things drug prohibition does?
- The teens tempted into the underworld by flashy drug dealers, the cops
corrupted by drug money, and the crime caused when commerce is driven
into a black market, so buyers and sellers dealers fight over drugs that
are literally worth their weight in gold? These are the unintended
consequences of drug prohibition. Stossel visits the South Bronx, where
residents live with these "unintended consequences."
More people in America are calling for radical solutions. Stossel talks
to a Bronx priest who argues that life would be better if drugs were
legal, "Legal means control," says Father Joseph Kane. "Illegal means
the bad guys have control." California Judge James Gray agrees, "hold
people accountable for what they do, not for what they put into their
bodies," he says. The head of the DEA, Asa Hutchinson, disagrees,
calling these arguments "giving in."
Stossel also reports from Colombia, South America, the country that
produces most of America's cocaine and heroin, and talks with those who
farm coca plants, and whose farms have been dive-bombed by planes
spraying American herbicides. So far the spraying has not been
effective. The CIA says Colombian coca production is up 25%. In
addition, the vast profits created by drug prohibition are tearing
Colombia apart. Today, murder is common, and Colombia is the country
where people are most likely to be kidnapped. There have already been 15
attempts on the life of Colombia's next president; he's decided to stay
in Europe until his inauguration next month.
No government in the world has found a way to eliminate the drug
problem; but some countries claim to have found success on some levels.
Stossel takes a first-hand look at alternatives from across the globe -
including the "Dutch experiment" which separated "hard" and "soft" drugs
25 years ago, by legalizing the sale of marijuana in licensed "coffee
shops". Teen marijuana use did rise after smoking was legalized, but a
few years later it dropped, and today fewer Dutch teens use marijuana
than American teens.
Holland's liberalization is not the exception anymore. Today police in
most of Europe ignore marijuana use. In Spain, Italy and Luxembourg,
they've decriminalized most drug use, and in Portugal recently, all drug
use. Switzerland and a few other countries in Europe are now prescribing
heroin to some addicts, and many countries in Europe don't treat use of
hard drugs as a crime. Stossel visits a Rotterdam priest who allows
addicts not only to smoke and inject heroin in "user rooms" in the
church basement, but also to buy and sell drugs there. Rotterdam's local
police superintendent says the problem is "bigger" when the police
THIS IS A VERY INTERESTING ARTICLE FROM LIBERTY FORUM ABOUT WHAT CAUSES DEPRESSIONS
Thursday, July 25, 2002
I DON'T VOTE BECAUSE IT ENCOURAGES THE BASTARDS BUT I WISH I COULD VOTE ON THIS SOUTH DAKOTA INITIATIVE
Wednesday, July 24, 2002
TONITE IS TRAFICANT NIGHT--DON'T MISS IT, I THINK IT WILL BE 6- 8 P.M. EASTERN ON C-SPAN
He is scheduled to be on Fox at 9 p.m.
MARK CUBAN SAYS THAT UNLESS A COMPANY PROVIDES A DIVIDEND, STOCKS ARE WORTHLESS
The owner of the Dallas Mavericks said on CNBC THIS MORNING that they should drop the tax on dividends so that companies can provide real value to shareholders. If they don't issue a dividend the stock is worthless, unless used to control a company. IT IS A NEW GAME AND HE MAY BE RIGHT. In other words there is no such thing as value in a company unless it shares its cash flow or is used to acquire a real ownership stake. THINK ABOUT IT. It is shocking to believe and it left the talking heads speechless.
Tuesday, July 23, 2002
GOOD OLD ALBERT WAS A SMART FELLOW
Failure and deprivation are the best educators and purifiers.
-Albert Einstein (1879-1955)
WISH MILTON FRIEDMAN A HAPPY BIRTHDAY
THIS IS A NEAT SITE IF YOU WANT TO COMPLAIN TO CONGRESS AND THE PRESIDENT
Monday, July 22, 2002
JUROR SAYS IF HE KNEW WHAT WAS TESTIFIED TO BY A WITNESS AT THE ETHICS COMMITTEE HEARING, HE WOULD HAVE ACQUITTED TRAFICANT
Juror on Fox News says that based on what he heard at the Ethics Committee Hearing by a witness, he would have acquitted Traficant. He says witness's testimony proves that Traficant was setup by high-ups in the DOJ. TRAFICANT WILL BE ON FOX, WEDNESDAY AT 9 P.M. EASTERN AFTER HIS APPEARANCE ON THE FLOOR OF THE HOUSE. DOJ (Dept. of Injustice) is in DEEP DO DO!!!!! Don't miss it.
THE COMPLETE INFO ON THE DRUG WAR AGAINST THE AMERICAN PEOPLE
The Media Awareness Project has all the latest dope on dope.
Sunday, July 21, 2002
I DON'T KNOW WHY THE LAST POST DIDN'T PUT IN THE LINK AND IT WON'T ALLOW ME TO EDIT IT--so here is the link
WOW, I JUST CAME ACROSS A SITE THAT HAS FREDERICK BASTIAT'S ENTIRE BOOK, "THE LAW"-A MUST READ
This book started me on my righteous path and formulated ALL of my theories about the oppression of the law. A small but enormously relevant book.
BRITAIN IS GOING TO DROP JURY TRIALS AND OTHER CIVIL PROTECTIONS--A TEST FOR THE U.S.
RIGHTS, WHAT RIGHTS
I predicted this would happen in my book.
Thursday, July 18, 2002
It appears we are on our way to becoming a GARRISON STATE. Also, Argentina and Brazil are in deep economic trouble. A big America bank may go bk. JPMorgan might be a good short. If a BIG bank goes belly up they will ask for a Fed bailout. This will put more deep pressure on the dollar and there could be a meltdown. For sure, there are going to be HUGE deficits. There will be no tax revenue from capital gains on stock portfolios, so on top of the huge increase in expenditures--gov't revenues will be drastically down. The IRS will have to get out its whips and chains but it will do no good. Forget about a balanced budget. We are in for some ride.
Wednesday, July 17, 2002
JAMES TRAFICANT--HERO OR DEMON
I watched the Congressional Ethics Hearings late last night concerning the expulsion of Congressman James Traficant, who was recently convicted of Federal offenses. I felt so sorry for him and I don't know if he is a "bad" guy or a "good" guy. He is a fighter and I like fighters. He was a lonely figure fighting the entire IRS and "JUSTICE" establishment. And he was doing a good job. The universal reaction I am getting from people who read my book is their DISBELIEF that these things go on in America. Traficant appears to have been set-up because of his enmity and attempts to disband the IRS. Also, he is a trouble maker in many other ways but he has the clear support of his District and may get elected, as an independent, while he is in jail. Curious, as a convicted felon, he cannot vote; however, there is nothing prohibiting him from serving in Congress, although, if elected, it is clear that Congress will expel him again, which should grossly anger the people of his District. Our country, which is a mature nation, appears to be imploding. We desperately need to get back to our roots.
BRAVE NEW WORLD--AMERICA THE LAND OF MIND-NUMBING PSYCHOTROPIC DRUGS
Tuesday, July 16, 2002
LIVE RADIO SHOW ONLINE
I am going to be interviewed live at 12 p.m Eastern on WBNW 1120 AM out of Boston on Thursday, July 25th. The broadcast is carried live online.
MONEY MATTERS RADIO
Sunday, July 14, 2002
INTERESTING GAMER STUFF
Now they are making games that are also advertisements and can be used to train staff.
People staying more at home is a certainty. Related businesses will do well.
Saturday, July 13, 2002
THIS IS HOW EXCITE PICKED ME UP ON A SEARCH FOR "CONSPIRACY"
10. Libertarian Lawyer's Fight Against Power
IRS, FBI, CIA, Shelly Waxman battled all. Stranger than fiction true cases will delight conspiracy mongers and appall statists. Unknown slices of 60s-80s history, these important cases helped shape current tax and contractor laws.
The booksigning was a flop. The store was more a gift shop than a real bookstore. I don't think I am going to do anymore signings. Unless there is a lot of advance PR, there is not much to be gained by it. I have one at a Barnes and Noble in September and will see how that does. I think it will be better at a real bookstore where people hangout and are used to authors being there. We will see. If the Barnes and Noble in Holland does well and it is supposed to be populated by real book people, then I will renew the signings. Trouble with it is that arrangements have to be made with each individual store, rather than through a centralized source.
IF YOU ARE INTERESTED IN SPOOK STUFF
Friday, July 12, 2002
Yahoo, I got out of a scheduled trial next week. Made a good deal for the client, charged with burglary. I would have lost. Booksigning tomorrow in St. Joseph, MI. Hope I sell some books. I should be getting some report of my booksales from iuniverse, at least I hope so. Will really be interesting to find out how many have been sold. Glad it is Friday, the stock market has been so volatile it is hard to keep up with it. But continuing trend is down. Short the indexes is probably the only way to make money in the market and, probably best to get out of it entirely, including 401's and mutual funds. Cash is king in a depression and it appears that is where we are headed. The international monetary system is all F'd up. A little inflation would be a good thing but even with all of the money supply increases they can't get it going. The Fed is giving free money and all it is doing is sliding the dollar. That is causing and will further cause foreign investment to flee, as it is already doing. True we don't have the bank problems that Japan had but a lot of the banks portfolio's is in stock. In Japan the money was on real estate. There is only so much that the Fed can do and as far as I am concerned they are at fault in this with their ridiculous interest hikes in 1999. The market would have busted without their help and in a more orderly manner. This free money philosophy didn't work in Japan and it isn't working here. Deflation is the big bugaboo now. The trend is down.
On a good note, I came across an interesting website, if you need to complain and to find out if anybody else is disatisfied.
THE COMPLAINT STATION
Well, that is all I can squeeze out of my brain right now.
Thursday, July 11, 2002
RADIO INTERVIEW TODAY
I did the Rich DeLeo show out of Altoona, Pennsylvania. It was an hour live. I have to really get up for these; like slap my face several times and pour cold water on my head. These interview guys are sharp and they really throw some heavy questions. I handled it okay. I am getting used to it. Well, DeLeo was really surprised about my stories. He's a sports guy. Like he had never heard of these things before. That is a reaction I am getting from a lot of people. Where have they been? Hypnotized by the mass media. Zoned out making a living; being into sports, sex, movies, music, puters. They don't feel they can do anything about anything, so it is better to be zoned out. I am glad to do these radio shows. They make me feel connected. Saturday, I do a book signing. I like those too. I like to shmooz with people. So, later.
Tuesday, July 09, 2002
PETER DRUCKER RECEIVED THE FREEDOM MEDAL TODAY--WELL DESERVED
Here are some quotes I used for content in the site I built, including one from Mr. Drucker, who is over 90 and looks like he might be on his way out soon.
INDECON BUSINESS CONSULTING NETWORK, Ltd.
MADE IN AMERICA SAM WALTON
"I've made it my own personal mission to ensure that constant change is a vital part of the Wal-Mart culture itself. I've forced change-sometimes for change's sake alone-at every turn in our company's development. In fact, I think one of the greatest strengths of Wal-Mart's ingrained culture is its ability to drop everything and turn on a dime." pg 216 "You start with a given: free enterprise is the engine of our society; communism is pretty much down the drain and proven so; and there doesn't appear to be anything else that can compare to a free society based on a market economy. Nothing can touch that system-not unless leadership and management get selfish or lazy. In the future, free enterprise is going to have to be done well-which means it benefits the workers, the stockholders, the communities, and, of course management which adopt a philosophy of servant leadership." pg 322-23 "We can do it better than the Japanese because we're more innovative, we're more creative. We can compete with labor in Bangladesh or wherever because we have better technology, which can give us more efficient equipment. We can get beyond a lot of our old adversarial relationships and establish win-win partnerships with our suppliers and our workers, which will leave us with more energy and talent to focus on the important thing, meeting the needs of our customers. But all this requires overcoming one of the most powerful forces in human nature: the resistance to change. To succeed in this world, you have to change all the time."
PETER DRUCKER "MANAGING IN A TIME OF GREAT CHANGE"
"The possessor of knowledge owns his own 'tools of production' and has the freedom to move to wherever opportunities for effectiveness, for accomplishment and for advancement seem greatest." "The knowledge society will inevitably become far more competitive than any society we have yet known--for the simple reason that with knowledge being universally accessible, there are no excuses for nonperformance. There will be no 'poor' countries - there will only be ignorant countries. And the same will be true for individual companies, individual industries and individual organizations. It will be true of individuals too."
GERRY SPENCE from Gerry's "Seven Simple Steps to Personal Freedom-An Owner's Manual for Life"
"The new and most powerful union of all will be a union of one: one man, one woman, one worker with special skills, an inquiring mind, an independent attitude. In the new-age workplace the master will no longer be the master. He will enter the place of work voluntarily to do a job for a price, his price. He will leave as he chooses. He will cherish his freedom, which is his security. He cannot be lured into the trap. The master cannot own him. The new age worker, belonging to the union of one, has made himself an expert in whatever job he or she undertakes. But he does his work with an expertise that brings order and efficiency to the task. He works to satisfy himself, not the master. Workers will again become independent-and own their own tools. I see it already. The cameraman for network television, an independent contractor, brings his own camera to the news scene, does his work, takes his camera home, and goes scuba diving the rest of the day.. In the new-age workplace, the engineer, the draftsman, the computer wizard, the designer, every professional and every skilled artisan, yes, a skilled ditch digger as well, can belong to the new union of one. The union dues are free. If the employer does not meet the demands of the union of one, the new-age worker can replace the employer... with a more intelligent, more responsive one; one that better suits the taste and the need of the new-age worker. The most valuable worker for the corporation is the worker who no longer demands all of the spangles and sparkles of security that soon soon-dim the pensions, the benefits that somehow end up enslaving rather than freeing. The old way has become a dismal game in which both master and slave, chained to each other, hate one another, each fighting the other with their respective weapons. The worker, seeking security, like the slave of old, does not seek to do work but to avoid work. The worker's goal is not to live at work but to become embalmed during the working day and to lie in the company's casket until the quitting bell revives him. The worker who seeks security cannot exhibit the free mind necessary to spring ahead on his own. He requires an overseer, a time clock, rules of work, rules of vacations, rules of sick leave, rules about having babies, rules about rules. He requires laws to protect him, and commissions to hear his complaints and representatives to represent him. The best employment with the best corporation offering the best lifelong security is at best a poor bargain. Get out. We must get out - get out if we can. Walk out. Run out. Break down the doors but get out. The new-age business will recognize the worker as the source of its wealth, respect the worker, and provide the worker a place of self-discovery and self-expression. The new-age employer and the new-age worker, supported by the new-age 'union of one' will redefine the relationship of worker and employer. The new-age employer will become more of a partner, a supplier of opportunity, and educator, a sharer in dreams, a sharer in profit. The new-age worker will become his own master. He will decide his fate and make and follow his own dreams. He will explore not the master's poisonous caverns of slavery but his own unexplored reaches, in which he will discover his unique self, cherish its value, reject the security of slavery, and encumber his freedom for no one, not even himself."
INDECON BUSINESS CONSULTING NETWORK, Ltd.
730 S. Union Street * Traverse City, MI 49684
1-866-255-5487 * www.indecon.org
STEVE FORBES--FORBES MAGAZINE
Well, I received a letter from Steve Forbes today. He was replying to the "autographed" book I sent him. Ever the Editor; he reminded me that what I sent him was an "inscription" because an "autograph" is really only a signature. Steve always responded to my letters, as did Milton Friedman, which in my opinion is the key to being an okay guy. Most of these "big shots" haven't learned that it means a lot to "little" guys to get a letter from a big shot. Maybe, I will get a review in Forbes, quien sabe??
Thank you for your inscribed copy! I look forward to reading it with keen interest.
President & CEO
Monday, July 08, 2002
MARKET UP/MARKET DOWN--WHO IS RIGHT?
11:01 am ET Jul 8, 2002
Hard-bottom stock-market blues
Currency crisis may provide a crushing blow
By Thom Calandra, CBS.MarketWatch.com
Last Update: 10:29 AM ET Jul 8, 2002
SAN FRANCISCO (CBS.MW) -- The market is a voting machine, financial authors Benjamin Graham and David Dodd once said.
Graham and Dodd, authors of "Security Analysis," went on to say investors register their choices in the market partly because of reason and partly because of emotion. The two authors are best known for their search for companies whose shares trade below a reasonable and theoretical price, based on multiyear earnings-growth rates, dividends and other factors.
Graham and Dodd, and all bargain seekers, benefit by exploiting investors' emotions. At few times in the past 100 years have those emotions raged so furiously, bared for all the world to see. After 28 months of relentless losses, stock-market investors are pulling out their hair -- but not, it seems, plucking their portfolios.
For the most part, individuals have refused to dispatch their losers in a bout of panic selling. Market technicians, led by Paul Desmond of Lowry's Reports, say the stock market has yet this year -- or last -- to register total-surrender levels of selling.
Still, much of what makes up a market's jumbled prices comes from hormones, fed as they are by sweat, tears, fear and the cocktails of success: adrenaline, jangled nerves, euphoria. Anecdotal evidence of surrender is important to the Wall Street professionals whose job is to summarize market sentiment. So is a refusal to budge from portfolios that have gaping losses of 50 percent and more -- which is happening right now on Main Street.
"We have had so many 2 and 3 percent down days that investors are now getting used to them, meaning that it is harder to get them to truly capitulate," says Christopher Johnson, senior quantitative analyst at Schaeffer's Investment Research in Cincinnati.
The stock market conceivably could sidestep a rock-hard bottom, the kind marked by days, weeks and months of dreaded 90 percent downside volume and price days. See the latest on 90-90 downside days.
If it does, we will have, probably for the first time in a century, a saggy bottom that forms the ground upon which the next bull market takes shape.
This saggy talk is what Main Street wants to believe. "Your gold story is over, unfortunately or not," says one investor, Ed Pikman, about a metal that seems to gain ground as the stock market loses it. "The U.S. economy is already on track, and the stock market has no other way to go but up and running. Gold price will be back to $270 at the end of year, and gold miners will go Chapter 11."
This is what I call one side of bankruptcy jive talk. A lot like the ribbing in a neighborhood basketball game, this jive throws the specter of Chapter 11 and Chapter 7 liquidations in people's faces. Just who goes broke is the pivot point of the rap. Swish.
My vote on all this is in: I'll stick with the belief that a hard bottom is in store for this stock market (SPY), and with it the emotional and financial pain that comes from unraveled portfolios and heavy American household debt.
"Hong Kong has a record-high jobless rate, and their bankruptcies tripled in the first five months of this year. Americans' personal bankruptcy filings leaped more than 15 percent in the 12 months that ended March 31, having been irresponsibly lured into excessive loans by low-interest car and real-estate deals that added enormously to household debt," says James Dines, longtime newsletter editor and gold investor.
Dines is of the opinion that some event will trigger a crushing blow to financial markets in the not-so-distant future. Whether it is the act of militants or CEOs, a Latin American liquidity crisis or a collapse of the global currency system is anyone's guess.
Dines is leaning toward currency turmoil. He points out that the Mexican peso is at its lowest point in two years, an event that has gone largely unnoticed by American investors and financial advisers. Devaluations of South American currencies most likely will lead to a financial contagion -- basically a buyers' strike by the banks and large investors that lend to emerging-market countries -- in Uruguay, Brazil, Chile and Mexico, says Dines, editor of The Dines Letter.
"Roman citizens ignored the tremors of Mount Vesuvius until it blew on Aug. 24 in the year A.D. 79, obliterating Pompeii and Herculaneum," says Dines, who is sticking with the gold- and silver-mining companies through thick and thin. "A much bigger shock awaits the world in currencies, believe it or not."
Thom Calandra's StockWatch appears each trading day.
GO OR NO GO
Little to gain from MBA classes: prof
July 5, 2002
BY HEATHER SOKOLOFF
A POST FROM MIKE LINKSVAYER
Steganography tools have been available for a long time. Maybe this
software will be slightly easier to use, but the Cult of the Dead Cow
doesn't have a stellar reputation for actually delivering. The HK2K
conference looks really interesting though. For a glimpse of the future
you could do far worse than poring over its schedule, or that of the
similar DefCon next month in Las Vegas, which I'll be attending:
It's a big threat. True, Microsoft isn't the government, consumers
choose to buy their software. But government finds it much easier to
control large corporations and vice versa. It would be great for both
the national security state and favored business interests to have a
single "secure" platform. I put secure in quotes, because it would
offer security to the aforementioned interests, not the end user.
There are many fronts on which to fight this, including
Consumer choice -- Wean yourself and others from Microsoft software.
Multiple vendors make more work for would-be controllers. Even better,
free software/open source, which has very diffuse control points and
high resistance to the kinds of "features" that give some parties
security and control at others' expense. Even if you must use Windows,
try Mozilla http://mozilla.org for an IE and/or Outlook replacement and
OpenOffice http://openoffice.org for Word/Excel/PowerPoint. If not this
year, keep them in mind for next. Bad allusion to both a chapter title
in Shelly's book and a William Burroughs rant: with open source
software, there's no control button for authorities to push.
Politics -- Tell the officials you didn't vote for but who are in office
anyway to kill the Digital Millenium Copyright Act:
Legal -- Support the Electronic Frontier Foundation
They're doing lots of important litigation in this area.
Real security -- Computer security is a huge problem, though Palladium
and laws passed by Congress are arguably an even bigger problem. If
you're a techie, check out people working on security that protects you,
your computer and your privacy, not that which gives away control. A
sampling: The work of
operating system fanatical about security, finds its way into many more
popular existing platforms. Capability security may be the answer if
valiant efforts to patch up existing security models ultimately fail,
people outside the security state I know of thinking about the real
security implications of technology probably only a couple decades away
(e.g., nanotech) are associated with the Foresight Institute
Mike Linksvayer http://gondwanaland.com/ml recommends http://bitzi.com
http://calorierestriction.org http://eff.org http://ideafutures.com
THIS ARTICLE IS ABOUT WHY SWITZERLAND HAS NEVER BEEN ATTACKED
Saturday, July 06, 2002
MY AD IN THE AMERICAN BAR ASSOCIATION E-BAR JOURNAL
A CRIMINAL DEFENDANT ACTUALLY WON
SIXTH CIRCUIT OPINIONS
PROSECUTOR -- Suppression of Evidence Through Loss, Negligence, etc
DISCOVERY -- Prosecutor�s Case File
Derrick Jamison v Terry Collins
#00-3700/3760, May 23, 2002
BOGGS, Daughtrey, Cole
Affirmed district court order granting petition for writ of habeas corpus. Case below:
100 FSupp2d 647 (SD Ohio, 2000).
Petitioner was denied due process of law when the prosecution suppressed evidence
favorable to him, including identifications of possible suspects other than petitioner, information
useful for impeachment of the key prosecution witness, and evidence that directly contradicted
testimony as to how the deceased died. The prosecutor was unaware that the evidence existed
due to the practice of the Cincinnati Police Department to include only inculpatory information in
the �homicide book� turned over to the prosecution.
Petitioner demonstrated cause for failing to raise the Brady claim in his state appeal
because the factual basis for the claim was not reasonably available to counsel. Ohio
affirmatively represented to defense counsel that no favorable evidence existed and cannot argue
that it was unreasonable for counsel not to have caught it suppressing evidence. The suppressed
evidence was both favorable and material. The only other inculpatory evidence, a shoe print
which did not exactly match petitioner�s shoe, was insufficient to produce a conviction.
THE END OF TCP/IP ???
I Told You So -- Alas, a Couple of Bob's Dire Predictions Have Come True
By Robert X. Cringely
MICROSOFT RULES THE WORLD
A LETTER FROM MILTON FRIEDMAN
I received a letter from Dr. Friedman today in response to a letter and copy of the book I sent him, as follows:
HOOVER INSTITUTION ON WAR, REVOLUTION AND PEACE
July 2, 2002
Dear Mr. Waxman
Thanks very much for sending me a copy of your interesting book. I do hope that the "War stuff" (reference in the book where I say that it is too bad this "war stuff" had to happen when Freedom was making so many gains) will not seriously interrupt the movement toward a freer society.
(ED. NOTE: I am sure he realizes that this--the movement toward a freer society-- will not be possible.)
Senior Research Fellow
HAPPY 90 Dr. Friedman--your "Free to Choose" was an inspiration.
Friday, July 05, 2002
CONVERSATION WITH JEFFERSON
Pocatello, Idaho July 5, 2002
Just after Midnight Lowell Ponte's statue of Thomas Jefferson, situated
beside his computer, begins to come to life. The third President engages is a
conversation with Mr. Ponte about the meaning and spirit of The Declaration of
Independence and its relevance to the America of 2002. President Jefferson
can hardly believe what Ponte tells him about liberty procured and freedom lost.
To Jefferson's bewilderment, the totalitarian state he dedicated his life to destroy
and to keep bound by the chains of the Constitution, has become a Leviathan
that the he and the founding fathers cannot imagine. Jefferson has trouble
comprehending how a nation of free individuals has become a nation of sheep.
Food for thought. Read and weep.
Ponte talks to Jefferson at Midnight
NEW TECHIE STUFF
'Hacktivists' to release covert communications tool
18:43 04 July 02
NewScientist.com news service
An international group of "hacktivists" says it is about to release a
computer program designed to let political dissidents communicate via
the internet without fear of government eavesdropping.
Hacktivismo, an international group of programmers and activists, says
the program, named Camera/Shy, will make it simple to bury encrypted
information in innocuous-looking images that can then be shared over
the internet. Those with the same program will then be able to
automatically detect and extract concealed information.
Anyone monitoring the internet for subversive activity will only see
apparently ordinary images. Hacktivismo says Camera/Shy will also use
encryption, suggesting keys will be needed to reveal secret information
Founder Hacktivismo member, Oxblood Ruffin says: "Although not all of
us are Americans, we share the fundamental ideals of the Constitution of
the United States, especially freedom of speech. Camera/Shy is a small
first step in sharing that privilege."
A technology called steganography allows data to be embedded in the
digital information comprising an image file. This is accomplished by
altering relatively unimportant bits so that the changed image remains
identical to the naked eye.
The information is concealed using a key. While it may be possible to
detect that an image has been modified to contain information, without
the key it is impossible to extract that information.
Hacktivismo says Camera/Shy has been designed for "non-technical
users" and will be similar to any normal internet browser. But it will
automatically scan web pages for images containing steganographic
data. The program has been designed to work with any Microsoft
operating system running Internet Explorer 5 or later. It should also leave
no trace of browsing activity on a user's computer, according to
Peter Honeyman, an expert in image steganography at the University of
Michigan, says steganography offers an alternative to encryption. The
latter also keeps the contents of a message private, but does not try to
hide its existence.
"If you want the contents of a message to be private, you just use
cryptography," he told New Scientist. "If you want the container of a
message to also be unknown you use steganography."
Honeyman says existing steganography cannot be completely
undetectable and adds that the key used to hide messages in images
can be revealed with brute force computing power. But he adds that
communications could be made more secure by creating images that
appear to contain steganographic data, but which in fact contain no
Hacktivismo says Camera/Shy will be released at the computer security
convention H2K2 in New York City, on 13 July. The group is sponsored
by the US computer hacker group Cult of the Dead Cow, which has
previewed another program designed to beat government surveillance,
ASK ME A QUESTION AND THEN BUY MY BOOK
Thursday, July 04, 2002
WHY THERE IS ISLAMIC TERRORISM--THE PHILOSOPHY OF DEATH
ISLAMISTS WORLDWIDE WATCH
Pocatello, Idaho July 3, 2002
A major study warns of major stagnation in Arab societies. This New York Times article by
Barbabra Crossette notes that the study indicates that Arab societies are being crippled by a
lack of political freedom, the repression of women, and an isolation from the world of ideas that
stifles creativity. However, that is saying the obvious...kind of like observing that tigers have big
teeth. The study reports that Spain alone translates more books each year than all 22 Arab
nations have done in the past 1000 years.
The report seems to support Ibn al-Rawandi's comments (referring to all of Islam...not just Arabs):
"Islam is in fact the last refuge for those conservative western intellectuals who wish it were true
that the Renaissance, the Enlightenment, the Industrial Revolution, the French revolution, in short
'the modern world,' had never come about. Islam is, indeed, the only remaining mental space in
which these events have not yet happened."
The study suggests that this stagnation is harmful not only for Arab intellectuals, women, and youth,
but threatens the long-term survival of the culture and eventually, Islam. A culture that rejects all
outside ideas cannot adapt; it simply dies...like the Dodo bird. Read and share.
Wednesday, July 03, 2002
REMEMBER THIS AND YOU WILL BE OKAY
I love my country but I fear my government.
10:21 am ET Jul 3, 2002
Thom Calandra's StockWatch Unsubscribe/Update your e-newsletter preferences
P is a fact, E is negotiable Amid the lies, stock market's retreat is gentle, so far
By Thom Calandra, CBS.MarketWatch.com
Last Update: 10:18 AM ET Jul 3, 2002
SAN FRANCISCO (CBS.MW) - How many times, during the good stock-market days, did we hear chart readers tell us the market was saying we're going higher? And higher.
Until March 10, 2000, anyway. And how many times in these bad stock-market days have we heard chart readers tell us the market is going lower? And lower.
Everyone's a genius. With the wind at their back, chart-readers and other market technicians always seem to have a leg up on the rest of us. Yet their methods rarely take into account the so-called fundamentals of the 8,000-plus companies that compose the U.S. stock market.
Technicians can quote you chapter, page and verse of statistics - resistance, support, volume, put-call ratios, moving averages and so on. Yet their work rarely relies on earnings, profit margins, market share or return on capital.
Maybe that's a good thing these days. After all, how do you handicap companies when their top executives take great liberties with the numbers? The latest book to hit my desk, "How Companies Lie: Why Enron Is Just the Tip of the Iceberg," bills itself as the investor's guide to corporate smoke and mirrors.
In it, authors A. Larry Elliott and Richard J. Schroth, two longstanding corporate consultants, explore the notion that executives of publicly traded companies for decades have reaped financial rewards for how well they skirted ethical boundaries. "What's that smell in this room?" the authors quote Big Daddy from Cat on a Hot Tin Roof. "Didn't you notice a powerful and obnoxious odor of mendacity in this room?"
In the technical world, says Canadian newsletter author and gold enthusiast Ian McAvity, "Nobody ever had to restate a chart." McAvity, editor of Deliberations on World Markets, is referring to the quarterly earnings restatements or accounting probes of WorldCom (WCOME), Xerox (XRX), Adelphia Communications (ADELQ) and others.
McAvity, who sees gold going far higher in this corporate storm, says "the worst corporate scandals haven't yet surfaced. It isn't over yet." A technician himself, McAvity's hand-crafted charts and numbers go back 30 years, and more. So he puts his faith first in numbers, and then listens to what the CEOs and CFOs have to say to investors. "My old favorite still remains: On the question of P/Es, P is a fact, E is negotiable," he says about stock prices and their earnings multiples. In other words, how do you handicap the horse when the horse is cheating?"
I have no answer to that except to repeat what my trusted market technician, financial author and fund manager Joseph Duarte in Dallas told me Wednesday: "Take a long nap, but keep the alarm on just in case."
The stock market's 28-month decline has been a death of a thousand cuts, one that has been missing the adrenalized panic-selling we saw in October 1987 and in almost every other bear market of the 20th century. See CBS MarketWatch's latest report on Paul Desmond's 90-90 days.
Warren Wicke, an individual investor, wonders whether an "unprecedented availablity of sophisticated trading software and skilled day-trader/hedge-funders are slowing the capitulation/crash" that is surely ahead of us.
Sure. Call it the decimalizing - not the decimation -- of the stock market. For most Americans, the market's fall from grace has been one of the most civil retreats from stocks in memory. No blazing headlines - not this year, anyway. The Men in Black have yet to be called to the scene of the slime.That's the way the mutual fund managers, gatekeepers for a $4 trillion destruction of wealth and a monopoly of red ink, prefer it.
When the alarm rings, if there's any justice in the world, the worst of the professional money mis-managers will be out of their jobs. With any luck, ordinary Americans already will have withdrawn what savings they have left from the industry's fee-leeching funds.
The panic is still ahead of us. Rest assured.
NEW RADIO SHOW
I did a 10 minute taped interview today with Mary Jane Popp (The Popoff Show) KTKZ 1380 AM, Sacramento. It will air on Saturday, July 6th. It is a two hour show that will be repeated 30 times on Saturday and Sunday. The taping went very well. The show can also be heard on RADIO SHOW
SEEMS THAT MORE PEOPLE ARE BECOMING FREEDOM MINDED
05/01/2002 - 05/31/2002 06/01/2002 - 06/30/2002 07/01/2002 - 07/31/2002 08/01/2002 - 08/31/2002 09/01/2002 - 09/30/2002 10/01/2002 - 10/31/2002 11/01/2002 - 11/30/2002 12/01/2002 - 12/31/2002 01/01/2003 - 01/31/2003 02/01/2003 - 02/28/2003 03/01/2003 - 03/31/2003 04/01/2003 - 04/30/2003 05/01/2003 - 05/31/2003 06/01/2003 - 06/30/2003 07/01/2003 - 07/31/2003 08/01/2003 - 08/31/2003 09/01/2003 - 09/30/2003 10/01/2003 - 10/31/2003 11/01/2003 - 11/30/2003 12/01/2003 - 12/31/2003 01/01/2004 - 01/31/2004 02/01/2004 - 02/29/2004 03/01/2004 - 03/31/2004 04/01/2004 - 04/30/2004 05/01/2004 - 05/31/2004 06/01/2004 - 06/30/2004 07/01/2004 - 07/31/2004 08/01/2004 - 08/31/2004 09/01/2004 - 09/30/2004 10/01/2004 - 10/31/2004 11/01/2004 - 11/30/2004 12/01/2004 - 12/31/2004 02/01/2005 - 02/28/2005 03/01/2005 - 03/31/2005 04/01/2005 - 04/30/2005 05/01/2005 - 05/31/2005 06/01/2005 - 06/30/2005 07/01/2005 - 07/31/2005 08/01/2005 - 08/31/2005 09/01/2005 - 09/30/2005 10/01/2005 - 10/31/2005 11/01/2005 - 11/30/2005 12/01/2005 - 12/31/2005 01/01/2006 - 01/31/2006 02/01/2006 - 02/28/2006 03/01/2006 - 03/31/2006 04/01/2006 - 04/30/2006 05/01/2006 - 05/31/2006 06/01/2006 - 06/30/2006 07/01/2006 - 07/31/2006 08/01/2006 - 08/31/2006 09/01/2006 - 09/30/2006 10/01/2006 - 10/31/2006 11/01/2006 - 11/30/2006
GET YOUR FREE LIVING WILL
Buy the newest books!
Shelly's PicksNew Pulp Literary Productions
Shelly Waxman & Associates
- You can find bankruptcy attorneys and lawyers in all 50 state at lawinfo.com.