The Lawyer
Freedom Lawyers of America
A 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 GROUPThursday, August 29, 2002
DO YOU REMEMBER THE CIA "ULTRA" PROGRAM AND THE ARMY'S "PHOENIX"--IF NOT READ ON--HAVE THINGS CHANGED, I THINK NOT
SORRY, I JUST HAD TO POST THIS REVIEW BY JAMES NATHAN POST--WHO HAS WRITTEN AND PUBLISHED 11 BOOKS. I AM FLABBERGASTED AND HUMBLED BY IT!!
Are you one of the millions who think there is no such thing as an honest
lawyer who cares more for righteousness, reason, and reality than for
process, payoff, and power? You'd be wrong. Shelly Waxman was a made man, an
insider who had only to protect the powerful and sacrifice the expendable to
become a highly placed Federal lawyer, perhaps someday a judge. Instead he
blew the whistle on prejudice, corruption, and even murder taking place
behind the bar, for which act of justice he was thrown from the halls of
power. Eschewing the paneled office, the Armani and the Rolex, and the favor
of such luminaries as the paranoid J.Edgar Hoover, Shelly devoted himself to
defending the truth. This book is not a tale of only one such courageous
act, but of many such cases, some you will recognize from the front pages of
the last thirty years of our history. "In The Teeth Of The Wind" reads like
pulp fiction, exciting and surprising, with a cast of quirky characters, but
it is all true. If you care about the degeneration of the American system of
justice, and you would like to know about one man's lifelong struggle to keep
it the honorable institution it was created to be, then put this book in your
shopping cart now.
JAMES NATHAN POST--8/28/2002
lawyer who cares more for righteousness, reason, and reality than for
process, payoff, and power? You'd be wrong. Shelly Waxman was a made man, an
insider who had only to protect the powerful and sacrifice the expendable to
become a highly placed Federal lawyer, perhaps someday a judge. Instead he
blew the whistle on prejudice, corruption, and even murder taking place
behind the bar, for which act of justice he was thrown from the halls of
power. Eschewing the paneled office, the Armani and the Rolex, and the favor
of such luminaries as the paranoid J.Edgar Hoover, Shelly devoted himself to
defending the truth. This book is not a tale of only one such courageous
act, but of many such cases, some you will recognize from the front pages of
the last thirty years of our history. "In The Teeth Of The Wind" reads like
pulp fiction, exciting and surprising, with a cast of quirky characters, but
it is all true. If you care about the degeneration of the American system of
justice, and you would like to know about one man's lifelong struggle to keep
it the honorable institution it was created to be, then put this book in your
shopping cart now.
JAMES NATHAN POST--8/28/2002
I'M SORRY, I KNOW I HAVE SAID IT BEFORE BUT THIS CALANDRA WRITES SOME GOOD STUFF
The Dow deserves to be toast
Bernie Schaeffer makes case against headline index
By Thom Calandra, CBS.MarketWatch.com
Last Update: 11:57 AM ET Aug 29, 2002
SAN FRANCISCO (CBS.MW) - Years from now, when the carnage in stocks is over, a handful of U.S. researchers will get passing grades for sticking to their guns about the overpriced market.
Bernie Schaeffer belongs in that small group. Schaeffer's views at Schaeffer's Investment Research make him an easy target for the millions of Americans who are suffering deep portfolio losses in this, the third losing year for U.S. stocks.
"Pessimist, fear-monger, anti-American, I hear it all," Schaeffer told me over breakfast in San Francisco. "But in 1994 they were calling me Bernie the Bull on CNBC."
Back then, if Schaeffer had tried explaining the technical research that is his Cincinnati company's specialty, the general public's eyes would have glazed over. "Imagine my bringing up the VIX in 1995. No one knew about it or cared," Schaeffer said about the so-called fear indicator that measures stock market volatility (VIX) on the Chicago Board Options Exchange.
Schaeffer in person is just as direct as his regular written commentaries, which tell investors they are being way too forgiving of overvalued stock indexes. His main course these days is the Dow - 30 stocks that likely will become chopped liver when the stock market falls off its perch.
"I call the Dow the headline index," he says about the Dow Jones Industrial Average that is destined for toast. "It's what we see every day in the newspaper, have seen for decades. There still is nothing tremendously scary about a Dow number that starts with 8."
That's 8 as in 8,580, which is where the index was Thursday morning. Schaeffer's case against the Dow is practically airtight. Stock market believers had best stop reading now.
Schaeffer sees the Dow as a "stupid" product of a long-gone age, when a small group of industrial companies could somehow represent the entire American stock market.
The Dow is a price-weighted index, unlike other major gauges, such as the Standard & Poor's 500 Index. Essentially, that means that stocks with high dollar prices wield enormous influence. Right now, there is one stock that is holding up the Dow: the only one with a price above $100.
"The single most important stock is a company in Minnesota," Schaeffer says about 3M Co. (MMM). "It's an industrial company with what, a 30 P/E? If 3M stops levitating, just maybe people start getting scared."
Schaeffer calculates that 3M stock, not far from an all-time high of $130 or so, could wreck the Dow if investors end their love affair with the company's shares. If 3M shares were to return to their 1997-'98 lows, roughly half their current level, the Dow would get a 425-point haircut.
That's still not scary enough, says Schaeffer. He believes investors are still far too accepting of their portfolio losses since the Dow peak of January 2000. Schaeffer Investment Research relies heavily on "fear" indicators in options trading, such as the VIX and so-called put-call ratios.
"I get a chuckle about everyone getting so excited when the VIX made it to the 50s" in the July sell-off, he says. "They figured that was plenty scary, and a good sign that we had reached a bottom."
Nonsense. The VIX, a volatility index for the country's 100 hundred largest company stocks, was back-tested into the rough waters of 1987. In October of that year, during that horrible week of selling, the fear gauge hit 175. The indicator Thursday morning, as the Dow resumed its inevitable sell-off, was at 38.
"It gives you an idea of what true panic really is," says Schaeffer.
The New York University mathematics major puts a lot of faith in the idea of a full-scale retreat from stocks. In that regard, his expectation of a market washout, complete with tears, jangled nerves and tremendous point declines, is similar to those of several other pure technicians, including Paul Desmond at Lowry's Reports and his own senior quantitative analyst, Christopher Johnson in Cincinnati.
"I want to see three to six months of heavy mutual fund outflows, not this business of one month of sharp outflows," Schaeffer says, between bites of scrambled eggs and toast. "Look at it like this: The S&P 500 in this sell-off got cut in half. Nasdaq got cut in half twice. For that to happen to the Dow, it has to be at 5,875. It happened in 1973 to '76, so why not now?"
Schaeffer says the Dow's superior performance to the rest of the stock market - since the January 2000 Dow peak, the Dow is beating the S&P 500 by more than 15 percentage points - is "curious."
Does Schaeffer believe in market manipulation? "I'm not going to go as far as Bill Murphy and the gold folks about that subject," Schaeffer says, referring to the chairman of the Gold Anti-Trust Action Committee and a growing belief that commercial banks and governments work behind the scenes to inflate paper values and deflate hard assets, like gold. "But if you are going to manipulate an index, it would be the headline index."
Schaeffer sees gold - and gold mining stocks -- as investments that will fare well in what inevitably will be turmoil in coming months or years for the stock market. "Whether it's a panic or a grind-'em-down bear market, it's going lower," he says.
He recommends buying put options on the Diamonds (DIA), a trust security that trades like a stock and represents the Dow index. Put options increase in value as the underlying security, in this case the bloated Dow, declines.
Schaeffer's business in Cincinnati employs 60 people, thanks to a growing awareness of equity options among Main Street investors. The former insurance executive is quick to admit he makes mistakes.
"My biggest goof of late was being caught flat-footed by counter-trend rallies, in the 1994 and 1998 sell-offs, when I was a bull, and the September 2001 rally," he says. "Oh, and before I got it right, I got clobbered by airline puts."
In February and March, airline stocks soared, leading Wall Street to believe the worst was over for the battered industry. Schaeffer was amazed at the rally, but stuck to his guns - "I travel, and I know the airlines are in pain," he says.
Today, the airline stocks are, collectively, at half their highs from February. "What was with that rally? I want to know. Leave it to Wall Street to parse the travel figures and say, 'Oh, capacity was worse last month than it is now.'"
No wonder no one listens to Wall Street these days, Schaeffer says.
The veteran stock market researcher's views can be found online at SchaeffersInvestment.com.
You can get free delivery of Thom Calandra's StockWatch every trading day. Sign up for Thom Calandra's StockWatch newsletter at MarketWatch.com. No strings attached. Subscribe today.
Bernie Schaeffer makes case against headline index
By Thom Calandra, CBS.MarketWatch.com
Last Update: 11:57 AM ET Aug 29, 2002
SAN FRANCISCO (CBS.MW) - Years from now, when the carnage in stocks is over, a handful of U.S. researchers will get passing grades for sticking to their guns about the overpriced market.
Bernie Schaeffer belongs in that small group. Schaeffer's views at Schaeffer's Investment Research make him an easy target for the millions of Americans who are suffering deep portfolio losses in this, the third losing year for U.S. stocks.
"Pessimist, fear-monger, anti-American, I hear it all," Schaeffer told me over breakfast in San Francisco. "But in 1994 they were calling me Bernie the Bull on CNBC."
Back then, if Schaeffer had tried explaining the technical research that is his Cincinnati company's specialty, the general public's eyes would have glazed over. "Imagine my bringing up the VIX in 1995. No one knew about it or cared," Schaeffer said about the so-called fear indicator that measures stock market volatility (VIX) on the Chicago Board Options Exchange.
Schaeffer in person is just as direct as his regular written commentaries, which tell investors they are being way too forgiving of overvalued stock indexes. His main course these days is the Dow - 30 stocks that likely will become chopped liver when the stock market falls off its perch.
"I call the Dow the headline index," he says about the Dow Jones Industrial Average that is destined for toast. "It's what we see every day in the newspaper, have seen for decades. There still is nothing tremendously scary about a Dow number that starts with 8."
That's 8 as in 8,580, which is where the index was Thursday morning. Schaeffer's case against the Dow is practically airtight. Stock market believers had best stop reading now.
Schaeffer sees the Dow as a "stupid" product of a long-gone age, when a small group of industrial companies could somehow represent the entire American stock market.
The Dow is a price-weighted index, unlike other major gauges, such as the Standard & Poor's 500 Index. Essentially, that means that stocks with high dollar prices wield enormous influence. Right now, there is one stock that is holding up the Dow: the only one with a price above $100.
"The single most important stock is a company in Minnesota," Schaeffer says about 3M Co. (MMM). "It's an industrial company with what, a 30 P/E? If 3M stops levitating, just maybe people start getting scared."
Schaeffer calculates that 3M stock, not far from an all-time high of $130 or so, could wreck the Dow if investors end their love affair with the company's shares. If 3M shares were to return to their 1997-'98 lows, roughly half their current level, the Dow would get a 425-point haircut.
That's still not scary enough, says Schaeffer. He believes investors are still far too accepting of their portfolio losses since the Dow peak of January 2000. Schaeffer Investment Research relies heavily on "fear" indicators in options trading, such as the VIX and so-called put-call ratios.
"I get a chuckle about everyone getting so excited when the VIX made it to the 50s" in the July sell-off, he says. "They figured that was plenty scary, and a good sign that we had reached a bottom."
Nonsense. The VIX, a volatility index for the country's 100 hundred largest company stocks, was back-tested into the rough waters of 1987. In October of that year, during that horrible week of selling, the fear gauge hit 175. The indicator Thursday morning, as the Dow resumed its inevitable sell-off, was at 38.
"It gives you an idea of what true panic really is," says Schaeffer.
The New York University mathematics major puts a lot of faith in the idea of a full-scale retreat from stocks. In that regard, his expectation of a market washout, complete with tears, jangled nerves and tremendous point declines, is similar to those of several other pure technicians, including Paul Desmond at Lowry's Reports and his own senior quantitative analyst, Christopher Johnson in Cincinnati.
"I want to see three to six months of heavy mutual fund outflows, not this business of one month of sharp outflows," Schaeffer says, between bites of scrambled eggs and toast. "Look at it like this: The S&P 500 in this sell-off got cut in half. Nasdaq got cut in half twice. For that to happen to the Dow, it has to be at 5,875. It happened in 1973 to '76, so why not now?"
Schaeffer says the Dow's superior performance to the rest of the stock market - since the January 2000 Dow peak, the Dow is beating the S&P 500 by more than 15 percentage points - is "curious."
Does Schaeffer believe in market manipulation? "I'm not going to go as far as Bill Murphy and the gold folks about that subject," Schaeffer says, referring to the chairman of the Gold Anti-Trust Action Committee and a growing belief that commercial banks and governments work behind the scenes to inflate paper values and deflate hard assets, like gold. "But if you are going to manipulate an index, it would be the headline index."
Schaeffer sees gold - and gold mining stocks -- as investments that will fare well in what inevitably will be turmoil in coming months or years for the stock market. "Whether it's a panic or a grind-'em-down bear market, it's going lower," he says.
He recommends buying put options on the Diamonds (DIA), a trust security that trades like a stock and represents the Dow index. Put options increase in value as the underlying security, in this case the bloated Dow, declines.
Schaeffer's business in Cincinnati employs 60 people, thanks to a growing awareness of equity options among Main Street investors. The former insurance executive is quick to admit he makes mistakes.
"My biggest goof of late was being caught flat-footed by counter-trend rallies, in the 1994 and 1998 sell-offs, when I was a bull, and the September 2001 rally," he says. "Oh, and before I got it right, I got clobbered by airline puts."
In February and March, airline stocks soared, leading Wall Street to believe the worst was over for the battered industry. Schaeffer was amazed at the rally, but stuck to his guns - "I travel, and I know the airlines are in pain," he says.
Today, the airline stocks are, collectively, at half their highs from February. "What was with that rally? I want to know. Leave it to Wall Street to parse the travel figures and say, 'Oh, capacity was worse last month than it is now.'"
No wonder no one listens to Wall Street these days, Schaeffer says.
The veteran stock market researcher's views can be found online at SchaeffersInvestment.com.
You can get free delivery of Thom Calandra's StockWatch every trading day. Sign up for Thom Calandra's StockWatch newsletter at MarketWatch.com. No strings attached. Subscribe today.
FUNNY STUFF
Tuesday, August 27, 2002
INTERESTING GOLD STUFF, WHY GOLD, WHY NOW
By Thom Calandra, CBS.MarketWatch.com
Last Update: 11:53 AM ET Aug 27, 2002
SAN FRANCISCO (CBS.MW) -- The late 1990s rush into technology stocks sparked record-high attendance at investment conferences.
The tech boom also rewarded big, albeit fleeting, profits to those who showed to listen to frantic, sometimes addled presentations of top executives like WorldCom's Bernie Ebbers and Gemstar's Henry Yuen.
The heirs apparent in a new age of hard assets and old-line companies are those gatherings devoted to precious metals and alternative investment strategies. Organizers say they expect standing-room-only turnouts for a number of gold-related conferences this autumn.
The theme of these gatherings, which are populated by a loyal band of mining executives, newsletter writers and natural resources analysts, is us vs. them. "We no longer live in a world where investments can be made in sound securities," says James Sinclair, chair and chief executive of small Tan Range Exploration Co. (TNX), which trades in Canada. "We live in a world that has transformed everything financial into a grand casino, which we are all gone crazy enough to consider normal."
Sinclair and others who will be speaking at the New York gold show in September are of the belief that there is a wide gap between the currency of corporate America (them) and the currency of the precious metals markets (us). "As long as stock markets move hundreds of points in an hour up, down and sideways, the ordinary person should keep their hard earned money in cash -- in a mayonnaise jar preferably," says Sinclair, who has worked as a miner a metals trader or a mining executive for 43 years.
"Folks are disappointed with the system and don't know what to do about it," says Bob Chapman, editor of The International Forecaster newsletter and a frequent speaker at metals conferences.
The New York Institutional Gold Conference, one of the first of the autumn season, is designed for ordinary folks looking for insight into the dusty world of metals miners. The surge in respect for gold comes amid a 2002 performance that has the precious metal's spot price up 14 percent -- better than stocks, most bonds and interest-bearing cash accounts.
Main Street folks, to be sure, are getting burned by gold mining stocks, just as they have with tech stocks. The bullion group's 100 percent-plus equity gains this year eroded in June, leaving many individuals with a loss. Gold mining executives, meanwhile, took this rare opportunity to unload some of their companies' soaring shares, risking shareholder heat.
Still, individuals, having suffered some $7 trillion of lost stock-market wealth since January 2000, are searching for an antidote to the conventional brokerage advice of buying-and-holding America's largest companies.
"Gold remains far off the radar screens of most investors," says Bob Bishop, editor of one of the oldest dedicated mining newsletters, Gold Mining Stock Report. "Higher prices and developments that will make it easier to own gold will raise gold's profile and also help to raise the price."
Bishop and others point to efforts by the World Gold Council's new leadership, which includes Gold Fields (GFI) non-executive chairman Chris Thompson. "The World Gold Council is in some disarray, but if anyone can turn it around, Chris Thompson is the right person for the job."
Thompson, the embattled World Gold Council's chairman, and the trade group's new chief executive, former California Public Employees Retirement System head James Burton, are developing a security that -- if it clears numerous regulatory and market-making hurdles -- could act as a real-time proxy for gold.
Whether a new, exchange-traded instrument for trading physical gold at spot prices will woo ordinary investors is a subject of some debate. "I doubt it would fly very far on the broader retail basis because the small crowd of gold bugs that might trade it tend to view derivatives as the product of the devil," says Ian McAvity, director and a co-founder of a closed-end fund that acts as a proxy for gold and silver, Central Fund of Canada (CEF).
McAvity, another popular figure at gold conferences, acknowledges an exchange-traded fund that represents gold could compete with Central Fund. "With 20 years under our belt in Central Fund, I've seen a wide range of ideas come and go, and look forward to seeing what the competition designs and how they sell it," he says..
There is no denying such a gold security, following on the heels of exchange-traded bond funds and popular index funds such as the S&P 500's SPY(SPY) Spyder Trust, would turn heads. Gold aficionados long have complained how difficult it is to buy physical gold in the United States, without resorting to leveraged futures contracts or shifty gold dealers.
"A major problem for many U.S. investors seeking alternatives is that many of the less reputable coin dealers use cheap offers on small lots of Gold Eagles as a loss-leader to get the customer on their books, and very shortly afterwards start churning up to ever more exotic numismatics," says McAvity, who lives in Toronto.
They churn, we burn
Churning, of course, is a practice common in all financial markets, including the market for gold mining shares big and small. "Gold and silver and particularly the shares have been very volatile, and that has scared buyers off," says International Forecaster's Chapman. "Less than 1 percent of Americans own gold and silver coins -- and bullion and that is very bullish. That leaves 99 percent as possible buyers."
Adrian Day, another longtime gold investor and president of Global Strategic Management in Maryland, says American investors are puzzled by gold's gyrations this summer. The metal has actually lost ground during the horrific summer season for the U.S. stock market. On Tuesday morning, spot gold's price was $312.50 an ounce, up $1.50.
"More and more investors seem to be buying into the arguments that the markets are managed," says Day, reflecting growing reports that New York City banks are using derivatives to deflate gold prices. "Whereas two years ago, this was very much a fringe argument, it is now more widely acknowledged as a valid possibility."
Mary Anne and Pamela Aden, sisters and editors of the Costa-Rica-based The Aden Forecast, are confident the gold sector will outpace other investments this year. With that performance will come greater respect for the metal.
"Since gold has been down to dull for most of the past 20 years while stocks were all the rage, most investors don't know much about it," the sisters told me in a joint e-mail. "But they have seen gold and gold mutual funds outperform all other investments this year. If this continues, it'll attract more attention."
Sinclair, the grizzled head of Tan Range, says Joe Q. Public will sit up and take notice when gold prices make their next move higher. "I would tell Joe Public that if he sees gold close above $330 and then above $354, he should do everything to set his financial houses in order," Sinclair says. "It means there are serious problems on the horizon well beyond the decline in the stock market and gas costing more. Volatility in the equity markets means Stay Away."
The New York gold show, free to Joe Q. Public, will bring together Sinclair, the Aden Sisters, Bishop, Day, McAvity and scores of newsletter editors, mining executives and gold mutual fund managers. These include John Hathaway of Tocqueville Gold Fund (TGLDX), John C. Doody of Gold Stock Analyst and Rick Rule of Global Resource Investments. The keynote speaker will be James Grant, editor of Grant's Interest Rate Observer.
See the New York Institutional Gold Conference for more information.
Last Update: 11:53 AM ET Aug 27, 2002
SAN FRANCISCO (CBS.MW) -- The late 1990s rush into technology stocks sparked record-high attendance at investment conferences.
The tech boom also rewarded big, albeit fleeting, profits to those who showed to listen to frantic, sometimes addled presentations of top executives like WorldCom's Bernie Ebbers and Gemstar's Henry Yuen.
The heirs apparent in a new age of hard assets and old-line companies are those gatherings devoted to precious metals and alternative investment strategies. Organizers say they expect standing-room-only turnouts for a number of gold-related conferences this autumn.
The theme of these gatherings, which are populated by a loyal band of mining executives, newsletter writers and natural resources analysts, is us vs. them. "We no longer live in a world where investments can be made in sound securities," says James Sinclair, chair and chief executive of small Tan Range Exploration Co. (TNX), which trades in Canada. "We live in a world that has transformed everything financial into a grand casino, which we are all gone crazy enough to consider normal."
Sinclair and others who will be speaking at the New York gold show in September are of the belief that there is a wide gap between the currency of corporate America (them) and the currency of the precious metals markets (us). "As long as stock markets move hundreds of points in an hour up, down and sideways, the ordinary person should keep their hard earned money in cash -- in a mayonnaise jar preferably," says Sinclair, who has worked as a miner a metals trader or a mining executive for 43 years.
"Folks are disappointed with the system and don't know what to do about it," says Bob Chapman, editor of The International Forecaster newsletter and a frequent speaker at metals conferences.
The New York Institutional Gold Conference, one of the first of the autumn season, is designed for ordinary folks looking for insight into the dusty world of metals miners. The surge in respect for gold comes amid a 2002 performance that has the precious metal's spot price up 14 percent -- better than stocks, most bonds and interest-bearing cash accounts.
Main Street folks, to be sure, are getting burned by gold mining stocks, just as they have with tech stocks. The bullion group's 100 percent-plus equity gains this year eroded in June, leaving many individuals with a loss. Gold mining executives, meanwhile, took this rare opportunity to unload some of their companies' soaring shares, risking shareholder heat.
Still, individuals, having suffered some $7 trillion of lost stock-market wealth since January 2000, are searching for an antidote to the conventional brokerage advice of buying-and-holding America's largest companies.
"Gold remains far off the radar screens of most investors," says Bob Bishop, editor of one of the oldest dedicated mining newsletters, Gold Mining Stock Report. "Higher prices and developments that will make it easier to own gold will raise gold's profile and also help to raise the price."
Bishop and others point to efforts by the World Gold Council's new leadership, which includes Gold Fields (GFI) non-executive chairman Chris Thompson. "The World Gold Council is in some disarray, but if anyone can turn it around, Chris Thompson is the right person for the job."
Thompson, the embattled World Gold Council's chairman, and the trade group's new chief executive, former California Public Employees Retirement System head James Burton, are developing a security that -- if it clears numerous regulatory and market-making hurdles -- could act as a real-time proxy for gold.
Whether a new, exchange-traded instrument for trading physical gold at spot prices will woo ordinary investors is a subject of some debate. "I doubt it would fly very far on the broader retail basis because the small crowd of gold bugs that might trade it tend to view derivatives as the product of the devil," says Ian McAvity, director and a co-founder of a closed-end fund that acts as a proxy for gold and silver, Central Fund of Canada (CEF).
McAvity, another popular figure at gold conferences, acknowledges an exchange-traded fund that represents gold could compete with Central Fund. "With 20 years under our belt in Central Fund, I've seen a wide range of ideas come and go, and look forward to seeing what the competition designs and how they sell it," he says..
There is no denying such a gold security, following on the heels of exchange-traded bond funds and popular index funds such as the S&P 500's SPY(SPY) Spyder Trust, would turn heads. Gold aficionados long have complained how difficult it is to buy physical gold in the United States, without resorting to leveraged futures contracts or shifty gold dealers.
"A major problem for many U.S. investors seeking alternatives is that many of the less reputable coin dealers use cheap offers on small lots of Gold Eagles as a loss-leader to get the customer on their books, and very shortly afterwards start churning up to ever more exotic numismatics," says McAvity, who lives in Toronto.
They churn, we burn
Churning, of course, is a practice common in all financial markets, including the market for gold mining shares big and small. "Gold and silver and particularly the shares have been very volatile, and that has scared buyers off," says International Forecaster's Chapman. "Less than 1 percent of Americans own gold and silver coins -- and bullion and that is very bullish. That leaves 99 percent as possible buyers."
Adrian Day, another longtime gold investor and president of Global Strategic Management in Maryland, says American investors are puzzled by gold's gyrations this summer. The metal has actually lost ground during the horrific summer season for the U.S. stock market. On Tuesday morning, spot gold's price was $312.50 an ounce, up $1.50.
"More and more investors seem to be buying into the arguments that the markets are managed," says Day, reflecting growing reports that New York City banks are using derivatives to deflate gold prices. "Whereas two years ago, this was very much a fringe argument, it is now more widely acknowledged as a valid possibility."
Mary Anne and Pamela Aden, sisters and editors of the Costa-Rica-based The Aden Forecast, are confident the gold sector will outpace other investments this year. With that performance will come greater respect for the metal.
"Since gold has been down to dull for most of the past 20 years while stocks were all the rage, most investors don't know much about it," the sisters told me in a joint e-mail. "But they have seen gold and gold mutual funds outperform all other investments this year. If this continues, it'll attract more attention."
Sinclair, the grizzled head of Tan Range, says Joe Q. Public will sit up and take notice when gold prices make their next move higher. "I would tell Joe Public that if he sees gold close above $330 and then above $354, he should do everything to set his financial houses in order," Sinclair says. "It means there are serious problems on the horizon well beyond the decline in the stock market and gas costing more. Volatility in the equity markets means Stay Away."
The New York gold show, free to Joe Q. Public, will bring together Sinclair, the Aden Sisters, Bishop, Day, McAvity and scores of newsletter editors, mining executives and gold mutual fund managers. These include John Hathaway of Tocqueville Gold Fund (TGLDX), John C. Doody of Gold Stock Analyst and Rick Rule of Global Resource Investments. The keynote speaker will be James Grant, editor of Grant's Interest Rate Observer.
See the New York Institutional Gold Conference for more information.
VOTE YES ON QUESTION WHETHER JURIES SHOULD BE ALLOWED TO CANCEL UNJUST LAWS
Sunday, August 25, 2002
MAYBE THERE IS HOPE
The new Assistant Secretary of the Treasury for Tax Policy, a lady who's name I don't have, stated as follows in the ABA Tax Journal:
"The more I consider the difficulties with our current Code, however, particularly on the business side in defining and properly measuring income, the more I believe that significant changes deserve serious consideration. We have reached the point where we must ask ourselves whether the effort to properly define and measure income is more work than it is worth, whether a different base would result in simpler and more efficient tax system. The current system generates consequences economists regard as inefficient and harmful to economic growth. For example, we overtax savings, and the consequence is a negative effect on savings and capital-formation and other things that are positive for the economy. It is time to step back, take a look at the system, consider whether it should be reformed and if so, how."
The income tax is an abomination and regressive to our economy. Anything would be better. It needs to be scrapped. This would be the biggest move toward Freedom that could be done.
"The more I consider the difficulties with our current Code, however, particularly on the business side in defining and properly measuring income, the more I believe that significant changes deserve serious consideration. We have reached the point where we must ask ourselves whether the effort to properly define and measure income is more work than it is worth, whether a different base would result in simpler and more efficient tax system. The current system generates consequences economists regard as inefficient and harmful to economic growth. For example, we overtax savings, and the consequence is a negative effect on savings and capital-formation and other things that are positive for the economy. It is time to step back, take a look at the system, consider whether it should be reformed and if so, how."
The income tax is an abomination and regressive to our economy. Anything would be better. It needs to be scrapped. This would be the biggest move toward Freedom that could be done.
Saturday, August 24, 2002
BETTING THE BEAR WILL CONTINUE
Safe Money e-News
August 24, 2002
Now that the market has been rallying, Wall Street's snake-oil
salesmen are coming out of the woodwork and back onto their
old soapboxes, hawking their favorite stocks.
Their chant sounds eerily familiar: "Take some of this stock
and it will cure all that ails your portfolio. The market
has hit bottom. This is your LAST CHANCE to get in before
stocks really take off."
Meanwhile, behind closed doors, many are telling their own
colleagues this is a last chance all right -- THEIR last
chance to hook some last suckers before the market tanks
again.
The reality: These same snake-oil salesmen have come come
out in droves every time the market has rallied since 2000.
And after each of these episodes, every dollar of gains from
the rally has been been smashed, wiped out.
This week's rally is no different.
Reason: Fundamentals are deteriorating -- not improving.
Stocks are still grossly overvalued. The growth in the economy
has plunged from 5% in the first quarter to 1.1% in the second.
So far in the third quarter, job growth is virtually non-existent.
Consumer confidence continues to slip. Chain store sales slumped
for the second consecutive week.
And Wall Street is still talking about an earnings recovery?!
Heck! An earnings recovery was illusive even when they thought
the economy was booming! With the economy sinking, it's a pipe
dream, pure and simple.
What happens without the long-hoped-for earnings recovery?
The rally will disintegrate. AGAIN.
Just look at what's happening RIGHT NOW ...
* Jobs are disappearing. A new survey from the Bureau of Labor
Statistics shows that corporations are downsizing even when
we're not in the middle of a recession. And for victims of
this downsizing trend, it's about as hard to find a job now
as it was during the early 1990s recession.
http://www.safemoneyreport.com/home/daily.asp?archive=082202
* Stocks are still overvalued. The S&P 500 trades at a
whopping 33 times earnings. That's more than double its
historic P/E ratio. Just to return to its normal valuation,
the index would need to fall by at least half.
http://www.safemoneyreport.com/home/daily.asp?archive=082102
* The government keeps piling on more debt. The "official"
U.S. deficit has ballooned to $29.2 billion. As one economist
remarked to Bloomberg, "One of the foundations of the strong
economic performance of the 1990s was the perception that
the U.S. had its fiscal house in order. With many of the
other elements of the strong economy having disappeared, it
would be a further blow to confidence if that pillar were
taken away as well."
http://www.safemoneyreport.com/home/daily.asp?archive=082002
* Easy credit may get tougher to come by. The Fed has begun
a crackdown on so-called "sub-prime" lenders -- credit card
issuers who market to borrowers considered high risk. Without
an easy line of credit to borrow against, retailers may see
a big decline in sales over the coming months.
http://www.safemoneyreport.com/home/daily.asp?archive=081902
August 24, 2002
Now that the market has been rallying, Wall Street's snake-oil
salesmen are coming out of the woodwork and back onto their
old soapboxes, hawking their favorite stocks.
Their chant sounds eerily familiar: "Take some of this stock
and it will cure all that ails your portfolio. The market
has hit bottom. This is your LAST CHANCE to get in before
stocks really take off."
Meanwhile, behind closed doors, many are telling their own
colleagues this is a last chance all right -- THEIR last
chance to hook some last suckers before the market tanks
again.
The reality: These same snake-oil salesmen have come come
out in droves every time the market has rallied since 2000.
And after each of these episodes, every dollar of gains from
the rally has been been smashed, wiped out.
This week's rally is no different.
Reason: Fundamentals are deteriorating -- not improving.
Stocks are still grossly overvalued. The growth in the economy
has plunged from 5% in the first quarter to 1.1% in the second.
So far in the third quarter, job growth is virtually non-existent.
Consumer confidence continues to slip. Chain store sales slumped
for the second consecutive week.
And Wall Street is still talking about an earnings recovery?!
Heck! An earnings recovery was illusive even when they thought
the economy was booming! With the economy sinking, it's a pipe
dream, pure and simple.
What happens without the long-hoped-for earnings recovery?
The rally will disintegrate. AGAIN.
Just look at what's happening RIGHT NOW ...
* Jobs are disappearing. A new survey from the Bureau of Labor
Statistics shows that corporations are downsizing even when
we're not in the middle of a recession. And for victims of
this downsizing trend, it's about as hard to find a job now
as it was during the early 1990s recession.
http://www.safemoneyreport.com/home/daily.asp?archive=082202
* Stocks are still overvalued. The S&P 500 trades at a
whopping 33 times earnings. That's more than double its
historic P/E ratio. Just to return to its normal valuation,
the index would need to fall by at least half.
http://www.safemoneyreport.com/home/daily.asp?archive=082102
* The government keeps piling on more debt. The "official"
U.S. deficit has ballooned to $29.2 billion. As one economist
remarked to Bloomberg, "One of the foundations of the strong
economic performance of the 1990s was the perception that
the U.S. had its fiscal house in order. With many of the
other elements of the strong economy having disappeared, it
would be a further blow to confidence if that pillar were
taken away as well."
http://www.safemoneyreport.com/home/daily.asp?archive=082002
* Easy credit may get tougher to come by. The Fed has begun
a crackdown on so-called "sub-prime" lenders -- credit card
issuers who market to borrowers considered high risk. Without
an easy line of credit to borrow against, retailers may see
a big decline in sales over the coming months.
http://www.safemoneyreport.com/home/daily.asp?archive=081902
DOGS COME TO THE ELEMENTARY SCHOOLS
GET YOUR CHILDREN OUT OF GOVERNMENT CONTROLLED SCHOOLS NOW !!!!
-----------------------------------------------
SIOUX FALLS, SD--The American Civil Liberties Union today filed a federal
class-action lawsuit on behalf of 17 Native American students - some as
young as six years old - who were terrorized when public school officials
and law enforcement officers brought in a German Shepherd to conduct a
suspicionless drug sweep of all K-12 classrooms.
"What this school administration allowed is truly shocking," said Graham
Boyd, Director of the ACLU's Drug Policy Litigation Project and lead
counsel in the case. "Officials at this school, along with law enforcement
officers, seem to be pioneering a practice of treating even the youngest
students like hardened criminals."
The case, Shenona Banks et al. v. Wagner School Board, is being filed on
behalf of 17 Native American students who attend the Wagner Community
School in rural Wagner, located near the Yankton Sioux Reservation,
two-and-a-half hours west of Sioux Falls.
The ACLU lawsuit seeks a court order barring the school and law enforcement
officials from any further dog searches when school begins on August 20.
While drug-sniffing dogs have been used in recent years to search
classrooms, Boyd said this appears to be the first reported incident of
drug-sniffing dogs being used directly on elementary school children.
"As schools look for legitimate ways to address drug and alcohol abuse, we
need to be vigilant against the war on drugs becoming a war on our youngest
children," said Boyd. "This incident could only occur in an environment
that places the war on drugs over common sense."
According to the ACLU complaint, on two separate days in May a number of
local and federal law enforcement officers led a large German Shepherd
police dog through the classrooms after the principal announced a
"lockdown" over the loudspeaker. A school official who accompanied the
police instructed the students to put their hands on their desks and avoid
petting or looking at the dog or making any sudden movements. In some
classrooms, a school official told students that any sudden movement could
cause the dog to attack.
In at least one instance, the ACLU complaint said, the dog escaped its
leash in a kindergarten class and chased students around the room. Some
students had been traumatized by previous dog attacks and one young girl
still has the scars of a previous attack on her face. Many began crying and
trembling and at least one urinated involuntarily. rinated involuntarily.
"German Shepherds are commonly used by police to attack and apprehend
dangerous criminal suspects," said Jennifer Ring, Executive Director of the
Dakotas chapter of the ACLU. "The very notion of there being a drug problem
in the kindergarten is ludicrous."
Parents of the students named in the lawsuit said that Wagner, with a
population of less than 1,700, is a hotbed of racial tensions between
Native Americans and whites. Although Native Americans make up 40 percent
of the school district's population, none serve on the Wagner School Board.
The school board approved the suspicionless search and is listed as a
defendant along with the Wagner Chief of Police and an official with the
Indian Affairs Bureau of the U.S. Department of the Interior.
The ACLU complaint further charged that the containment of children within
their classrooms for several hours and the subsequent police dog sniff of
those students constitutes an "unreasonable search and seizure" and a
violation of the Fourth Amendment to the U.S. Constitution and an identical
provision of the South Dakota constitution.
James Leach of Rapid City is serving as ACLU cooperating attorney in this
case.
The complaint filed in this case is online at
http://www.aclu.org/court/volk.pdf
Student drawings of the incident can be viewed on the ACLU website at
banks_pic http://www.aclu.org/graphics/banks_pic.jpg and
zephier_pic.
http://www.aclu.org/graphics/zephier_pic.jpg
Thursday, August 22, 2002
ABA HOUSE OF DELEGATES OKAYS MULTIJURISDICTIONAL RULES
PAGANISM IS BACK--IF IT EVER LEFT
WELL, I AM BACK--GREAT TRIP--ARTICLE SAYS WE HAVE NO DEMOCRACY
Thursday, August 15, 2002
ISRAEL WILL USE THE BOMB AGAINST IRAQ--ARMAGEDON SOON TO FOLLOW
Check the Prophet Zechariah. The Bible.
I will be off the net until August 23rd. See yah then. Another treck across country. Taking the Southern route this time. I love it.
I will be off the net until August 23rd. See yah then. Another treck across country. Taking the Southern route this time. I love it.
THOM CALANDRA WRITES AN AWFUL GOOD COLUMN--COULD IT BE BECAUSE I AGREE WITH HIM. :-)
CBS.MarketWatch.com
10:51 am ET Aug 15, 2002
Market rally: paradox and irony
Newsletter editor probes mass psychology of investors
By Thom Calandra, CBS.MarketWatch.com
Last Update: 10:48 AM ET Aug 15, 2002
SAN FRANCISCO (CBS.MW) -- A little understanding of mass psychology goes a long way.
James Dines is one of the few American newsletter writers to state unequivocally that the stock market was on the verge of unleashing a short-term rally. Dines, editor of the 42-year-old Dines Letter, told his subscribers in an urgent bulletin that top indexes were ready to resume their upward path.
That was early August, when most investors were sitting on the sidelines, waiting for definitive proof of some kind of end to their enduring portfolio pain. Even as early as July 5, Dines, author of the stock market eye-opener, "Mass Psychology: A Guide to Your Relationship With Money," was pretty sure a rally would commence this summer. At the start of August, he flashed a "buy" signal.
"Few would see an orderly stock exchange as typical mob action," says Dines, who notes he has no training in psychology or psychiatry.
It is the mob, as most fund managers can tell you, and not the big guns on Wall Street, who rule the stock market. Millions of 100-share and 1,000-share trades are the "group electricity" that power the market, says Dines.
The veteran newsletter editor's low-priced stock portfolio gained 78 percent through this year's first six months, surpassing all newsletters tracked by Hulbert Financial Digest, a publication owned by MarketWatch.com (MKTW).
Dines is best known for recommending gold stocks, which explains why his low-priced stock portfolio did so well. To his credit, he acknowledged the gold mining stocks faced turbulence at the beginning of summer. In his career of assessing gold, silver, stocks and currencies, Dines has gained a reputation as a formidable market-timer.
Critics say Dines, who relies heavily on his theories about investors' mass psychology, is fickle, changing his tune on markets frequently and relying too much on investors' sentiments and not enough on company fundamentals. Yet it is precisely now, with the overpriced stock market staging yet another rise from the ashes, that investor sentiments are most important. See: "One newsletter writer sticks with gold."
For it is now, with the Standard & Poor's 500 stocks (SPY) selling for an expensive 30 times their 12-month earnings, that investors most need to take a leap of faith, if they are to take part in what may be a brief, though sharp, move higher in the depressed market.
Dines has one of the few American financial newsletters with a track record going back more than three decades. He acknowledges the market's current rally, as measured by the S&P 500, may not get much higher than 1,000 vs. its current level of 920. Like many newsletter editors, he still says this is a bear market and further drops might be ahead.
"Paradox is one of the deepest and most important secrets of life, and irony is the punishment for not having understood that."
Still, investors who want to take a chance right now at summer profits would do well to scan Dines' mass psychology oscillator. Dines' advice to me on mass psychology, in an investing world where everyone and his father-in-law considers themselves an expert, sticks to the brain.
"When you're absolutely confident your making the right decision, you're probably wrong, and when you're so afraid, you're shaking, you're probably right," he has told me time and again about the decision-making process for investors.
In that Dines oscillator, when stocks are resurrecting from their pit of red ink, investors' psychology goes like this:
(At the bottom): Broker! Sell my stock!
(First leg up): I don't care if it is up, I won't touch that dog again.
(Small dip back near lows): See? It did drop!
(Next leg up): This stock will retest the lows.
(Up again): Oh, I get it. A trading range. Buy it!
(Up again): It worked! Sell it!
(Down): Yippee! Buy it again!
(Finally, the moon-shot rise, with few if any dips): What a gold mine! Sell it! Huh? (As it keeps rising.) Sell short. What rotten earnings -- sell more short.
(And the despair as the rally gains momentum): Darn my broker! How much higher can it go? Why am I so unlucky? Look at those earnings! Broker, buy, cover -- help!
"Paradox," says Dines, "is one of the deepest and most important secrets of life, and irony is the punishment for not having understood that."
You can't take that to the bank, but most of us probably can take it to the market.
10:51 am ET Aug 15, 2002
Market rally: paradox and irony
Newsletter editor probes mass psychology of investors
By Thom Calandra, CBS.MarketWatch.com
Last Update: 10:48 AM ET Aug 15, 2002
SAN FRANCISCO (CBS.MW) -- A little understanding of mass psychology goes a long way.
James Dines is one of the few American newsletter writers to state unequivocally that the stock market was on the verge of unleashing a short-term rally. Dines, editor of the 42-year-old Dines Letter, told his subscribers in an urgent bulletin that top indexes were ready to resume their upward path.
That was early August, when most investors were sitting on the sidelines, waiting for definitive proof of some kind of end to their enduring portfolio pain. Even as early as July 5, Dines, author of the stock market eye-opener, "Mass Psychology: A Guide to Your Relationship With Money," was pretty sure a rally would commence this summer. At the start of August, he flashed a "buy" signal.
"Few would see an orderly stock exchange as typical mob action," says Dines, who notes he has no training in psychology or psychiatry.
It is the mob, as most fund managers can tell you, and not the big guns on Wall Street, who rule the stock market. Millions of 100-share and 1,000-share trades are the "group electricity" that power the market, says Dines.
The veteran newsletter editor's low-priced stock portfolio gained 78 percent through this year's first six months, surpassing all newsletters tracked by Hulbert Financial Digest, a publication owned by MarketWatch.com (MKTW).
Dines is best known for recommending gold stocks, which explains why his low-priced stock portfolio did so well. To his credit, he acknowledged the gold mining stocks faced turbulence at the beginning of summer. In his career of assessing gold, silver, stocks and currencies, Dines has gained a reputation as a formidable market-timer.
Critics say Dines, who relies heavily on his theories about investors' mass psychology, is fickle, changing his tune on markets frequently and relying too much on investors' sentiments and not enough on company fundamentals. Yet it is precisely now, with the overpriced stock market staging yet another rise from the ashes, that investor sentiments are most important. See: "One newsletter writer sticks with gold."
For it is now, with the Standard & Poor's 500 stocks (SPY) selling for an expensive 30 times their 12-month earnings, that investors most need to take a leap of faith, if they are to take part in what may be a brief, though sharp, move higher in the depressed market.
Dines has one of the few American financial newsletters with a track record going back more than three decades. He acknowledges the market's current rally, as measured by the S&P 500, may not get much higher than 1,000 vs. its current level of 920. Like many newsletter editors, he still says this is a bear market and further drops might be ahead.
"Paradox is one of the deepest and most important secrets of life, and irony is the punishment for not having understood that."
Still, investors who want to take a chance right now at summer profits would do well to scan Dines' mass psychology oscillator. Dines' advice to me on mass psychology, in an investing world where everyone and his father-in-law considers themselves an expert, sticks to the brain.
"When you're absolutely confident your making the right decision, you're probably wrong, and when you're so afraid, you're shaking, you're probably right," he has told me time and again about the decision-making process for investors.
In that Dines oscillator, when stocks are resurrecting from their pit of red ink, investors' psychology goes like this:
(At the bottom): Broker! Sell my stock!
(First leg up): I don't care if it is up, I won't touch that dog again.
(Small dip back near lows): See? It did drop!
(Next leg up): This stock will retest the lows.
(Up again): Oh, I get it. A trading range. Buy it!
(Up again): It worked! Sell it!
(Down): Yippee! Buy it again!
(Finally, the moon-shot rise, with few if any dips): What a gold mine! Sell it! Huh? (As it keeps rising.) Sell short. What rotten earnings -- sell more short.
(And the despair as the rally gains momentum): Darn my broker! How much higher can it go? Why am I so unlucky? Look at those earnings! Broker, buy, cover -- help!
"Paradox," says Dines, "is one of the deepest and most important secrets of life, and irony is the punishment for not having understood that."
You can't take that to the bank, but most of us probably can take it to the market.
Wednesday, August 14, 2002
THIS IS A VERY, VERY GOOD FREEDOM NEWSOURCE
Tuesday, August 13, 2002
ALL THAT GLITTERS IS GOLD--IF YOU WANT A GOLD MINING STOCK, TRY GOLDCORP (GG) ON NYSE--A REALLY GOOD COMPANY
Computer companies still no 'buy'
Plus: Mining conferences to benefit from gold's appeal
By Thom Calandra, CBS.MarketWatch.com
Last Update: 11:57 AM ET Aug 13, 2002
SAN FRANCISCO (CBS.MW) -- It's all "in the eyes of the beholder."
Mention gold as an investment and lines are firmly drawn in the sand: love it or hate it. No quibbling. Mention the largest 29 U.S. computer and computer peripheral companies and most of us want it seven ways to Indiana (pick one): love the companies, hate the stocks; hate the industry but have some favorites, anyway; love the companies and the stocks, but don't buy them just yet.
Applied Finance Group in Chicago, an independent researcher, mostly takes the freeway to Indiana: It thinks most of the computer companies are still way too expensive against other technology companies but sees a few as bargains.
The small research firm has a good track record. The most undervalued and overvalued companies tagged by Applied Finance Group in all industries have beaten or lagged their peers' financial performance by 4 and 6.8 percent, respectively, on an annualized basis since 1996.
Research director Rafe Resendes and his Applied Finance Group rate the computer companies in part by their economic margins, a figure that measures how well a company's returns exceed its costs of funds (what a company pays for debt and equity capital). Other criteria in the firm's first specific industry research report -- companies such as Cisco Systems (CSCO), Emulex (ELX), Network Appliance (NTAP) and EMC (EMC) -- include sales growth, cash-flow margins, asset efficiency, relative returns against industrial companies, price momentum and quality of management.
Most of the investing public won't get to see the Applied Finance Group report. It's for private clients, and it's unlikely to appear on the pages of Barron's financial magazine. "It is interesting in that a number of our thoughts seem to differ to a large degree relative to the picks from Barron's," Resendes tells me. "We do agree with Barron's that tech is finally reasonable but disagree with the specific picks."
The financial magazine just branded 20 tech companies as "buys" or "sells" according to stock market value. See the article: "Gems can be found in tech stocks."
"Cisco in Barron's was a 'buy' because it is cheap, while we have it as solid 'sell' because it is expensive," says Resendes. "That is what makes this business fun; we get to beat up on helpless little guys like Barron's by being smarter," he says with a wink.
"Similarly, they liked Hewlett-Packard (HPQ) and we say just so-so," he says. The last "Cisco-is-expensive call" from Applied Finance Group came in July 2000, when the now-$13 shares were selling to America at the price of $65.
The meat of the new report is the section on economic margins. Are a company's returns beating its cost of capital? Applied Finance Group notes that economic margins for computer and peripheral companies are near zero. "Firms are finding fewer positive net-present value projects. As such, the market has responded with negative relative returns," the report says.
Computer companies' economic margins on invested capital hit 8 percent in the mid-1990s when Cisco and others were scooping up competitors and using their assets to hyper-pump sales. Resendes expects economic margins to start rising again by 2003 as smart CEOs and CFOs dump their broken units and slash costs.
Other reasons to be wary of the computer companies this year: Industry sales growth reached a 13-year low in 2001. Industry assets contracted 2 percent. Sales growth, cash-flow margins and asset efficiency are at a 14-year low for computer and peripherals makers.
Aggregate cash-flow margins for 2002 are about 8 percent for the group vs. 12 percent in the middle and late 1990s. Look for a turnaround in the next year or so "as companies cut costs and wait for sales to rebound along with the stagnant economy," Applied Finance Group says.
"In general, we feel that the computer and peripheral industry looks expensive relative to the entire technology sector (750 companies, including Microsoft, Intel and Oracle), and all industrial service companies (3,000 companies)," Resendes said Tuesday. "I would not want to be holding most of these companies."
Of course, there is that freeway to Indiana, or wherever. Resendes and his team have "buys" branded on a select few computer companies. They include American Power Conversion (APCC), IBM (IBM) and Ingram Micro (IM).
Big gold shows ahead
Gold's summer has been almost as rough as the one endured by the overall stock market. The metal ran up to almost $330 an ounce, then U-turned back to $300. An August comeback puts bullion at $315 an ounce, a level that almost certainly will prove to be a bargain later this year and next.
Two of the best gatherings of gold-mining companies and the folks who track the sometimes adored and mostly loathed industry are ahead of us. The New Orleans 2002 Investment Conference in November will feature speakers such as Richard Russell of Dow Theory Letters, mutual fund legend John Templeton and veteran newsletter analysts Bob Bishop, Adrian Day, Brien Lundin and Ian McAvity.
The New Orleans show usually pulls in wealthy folks looking for alternative investment strategies. The meat and potatoes of the New Orleans lineup are the grizzled newsletter editors who are devoted to natural resource companies, through good times and bad. The New Orleans show has been around since the mid-1970s. See the New Orleans lineup.
Another show for those who prefer hard assets to paper stocks, this one free to investors, is the New York Institutional Gold Conference. The gathering is in its 15th year and brings together hundreds of large and small gold, silver and diamond explorers and some of this age's best contrarian thinkers -- like James Grant, John Hathaway, Rick Rule and John Doody.
The New York show is in September, traditionally the beginning of the gold and jewelry holiday buying season. Like the New Orleans show, the New York show is essential for those who honor the credo of capital preservation in rough fiscal times. See the New York lineup.
Conference organizers report both shows are expecting record-breaking attendance, thanks in part to gold's rise above $300 an ounce earlier this year. "We're absolutely swamped with registrations," says Erin Garic at the Jefferson Financial, which stages the New Orleans show. "We haven't had this much interest since back in the heyday (of the 1970s) when gold went through the roof."
The New York conference bills itself as the largest mining investment conference in the United States. "Many more professionals investors are interested in the New York conference and have registered than in previous years," says Sandy Lawrence, president of International Investment Conferences. Lawrence expects a swarm of individual investors, as well.
Plus: Mining conferences to benefit from gold's appeal
By Thom Calandra, CBS.MarketWatch.com
Last Update: 11:57 AM ET Aug 13, 2002
SAN FRANCISCO (CBS.MW) -- It's all "in the eyes of the beholder."
Mention gold as an investment and lines are firmly drawn in the sand: love it or hate it. No quibbling. Mention the largest 29 U.S. computer and computer peripheral companies and most of us want it seven ways to Indiana (pick one): love the companies, hate the stocks; hate the industry but have some favorites, anyway; love the companies and the stocks, but don't buy them just yet.
Applied Finance Group in Chicago, an independent researcher, mostly takes the freeway to Indiana: It thinks most of the computer companies are still way too expensive against other technology companies but sees a few as bargains.
The small research firm has a good track record. The most undervalued and overvalued companies tagged by Applied Finance Group in all industries have beaten or lagged their peers' financial performance by 4 and 6.8 percent, respectively, on an annualized basis since 1996.
Research director Rafe Resendes and his Applied Finance Group rate the computer companies in part by their economic margins, a figure that measures how well a company's returns exceed its costs of funds (what a company pays for debt and equity capital). Other criteria in the firm's first specific industry research report -- companies such as Cisco Systems (CSCO), Emulex (ELX), Network Appliance (NTAP) and EMC (EMC) -- include sales growth, cash-flow margins, asset efficiency, relative returns against industrial companies, price momentum and quality of management.
Most of the investing public won't get to see the Applied Finance Group report. It's for private clients, and it's unlikely to appear on the pages of Barron's financial magazine. "It is interesting in that a number of our thoughts seem to differ to a large degree relative to the picks from Barron's," Resendes tells me. "We do agree with Barron's that tech is finally reasonable but disagree with the specific picks."
The financial magazine just branded 20 tech companies as "buys" or "sells" according to stock market value. See the article: "Gems can be found in tech stocks."
"Cisco in Barron's was a 'buy' because it is cheap, while we have it as solid 'sell' because it is expensive," says Resendes. "That is what makes this business fun; we get to beat up on helpless little guys like Barron's by being smarter," he says with a wink.
"Similarly, they liked Hewlett-Packard (HPQ) and we say just so-so," he says. The last "Cisco-is-expensive call" from Applied Finance Group came in July 2000, when the now-$13 shares were selling to America at the price of $65.
The meat of the new report is the section on economic margins. Are a company's returns beating its cost of capital? Applied Finance Group notes that economic margins for computer and peripheral companies are near zero. "Firms are finding fewer positive net-present value projects. As such, the market has responded with negative relative returns," the report says.
Computer companies' economic margins on invested capital hit 8 percent in the mid-1990s when Cisco and others were scooping up competitors and using their assets to hyper-pump sales. Resendes expects economic margins to start rising again by 2003 as smart CEOs and CFOs dump their broken units and slash costs.
Other reasons to be wary of the computer companies this year: Industry sales growth reached a 13-year low in 2001. Industry assets contracted 2 percent. Sales growth, cash-flow margins and asset efficiency are at a 14-year low for computer and peripherals makers.
Aggregate cash-flow margins for 2002 are about 8 percent for the group vs. 12 percent in the middle and late 1990s. Look for a turnaround in the next year or so "as companies cut costs and wait for sales to rebound along with the stagnant economy," Applied Finance Group says.
"In general, we feel that the computer and peripheral industry looks expensive relative to the entire technology sector (750 companies, including Microsoft, Intel and Oracle), and all industrial service companies (3,000 companies)," Resendes said Tuesday. "I would not want to be holding most of these companies."
Of course, there is that freeway to Indiana, or wherever. Resendes and his team have "buys" branded on a select few computer companies. They include American Power Conversion (APCC), IBM (IBM) and Ingram Micro (IM).
Big gold shows ahead
Gold's summer has been almost as rough as the one endured by the overall stock market. The metal ran up to almost $330 an ounce, then U-turned back to $300. An August comeback puts bullion at $315 an ounce, a level that almost certainly will prove to be a bargain later this year and next.
Two of the best gatherings of gold-mining companies and the folks who track the sometimes adored and mostly loathed industry are ahead of us. The New Orleans 2002 Investment Conference in November will feature speakers such as Richard Russell of Dow Theory Letters, mutual fund legend John Templeton and veteran newsletter analysts Bob Bishop, Adrian Day, Brien Lundin and Ian McAvity.
The New Orleans show usually pulls in wealthy folks looking for alternative investment strategies. The meat and potatoes of the New Orleans lineup are the grizzled newsletter editors who are devoted to natural resource companies, through good times and bad. The New Orleans show has been around since the mid-1970s. See the New Orleans lineup.
Another show for those who prefer hard assets to paper stocks, this one free to investors, is the New York Institutional Gold Conference. The gathering is in its 15th year and brings together hundreds of large and small gold, silver and diamond explorers and some of this age's best contrarian thinkers -- like James Grant, John Hathaway, Rick Rule and John Doody.
The New York show is in September, traditionally the beginning of the gold and jewelry holiday buying season. Like the New Orleans show, the New York show is essential for those who honor the credo of capital preservation in rough fiscal times. See the New York lineup.
Conference organizers report both shows are expecting record-breaking attendance, thanks in part to gold's rise above $300 an ounce earlier this year. "We're absolutely swamped with registrations," says Erin Garic at the Jefferson Financial, which stages the New Orleans show. "We haven't had this much interest since back in the heyday (of the 1970s) when gold went through the roof."
The New York conference bills itself as the largest mining investment conference in the United States. "Many more professionals investors are interested in the New York conference and have registered than in previous years," says Sandy Lawrence, president of International Investment Conferences. Lawrence expects a swarm of individual investors, as well.
INTERESTING STUDY
by Sarah Lonsdale, Calgary Herald
http://www.canada.com/national/story.asp?id=390313AD-F327-42CF-A407-7D9EF2EE4B47
Map reading is probably the main source of conflict between couples while
driving. But the assertion that women are incapable of reading a map
correctly has, unfortunately for the female sex, been backed up by several
studies on spatial ability.
Men have used this convenient theory of the female lack of spatial judgment
to criticize anything from a woman's ability to reverse into a parking
space, to berating her when she fails to differentiate north from south
while reading a map.
But now, it seems, the idea that women are wandering around in a kind of
spatial vacuum -- where successful navigation is more down to luck than
planning -- is only half the story.
While it is true that men find the instructions on a map easier to follow,
women do far better when following a verbal set of directions, using
landmarks to help them.
Psychologist Deborah Saucier, of the University of Saskatchewan, decided to
re-examine the assumption that men are superior to women in their ability
to navigate.
"Research into the field of spatial ability time and again concludes that
men are superior," she says.
"You get the impression that, for most of the time, women are wandering
around lost, which is clearly not the case."
Saucier set up a simple experiment using male and female students,
assigning them two different ways of getting from one point to another. One
set of directions followed the classic Euclidian method employed by map
designers, based on compass directions and distances, such as "walk north
for 400 metres, then turn east."
The second set used landmarks, such as "carry on until you get to the large
oak tree, then turn left and walk until you get to a house with a yellow door."
Having assigned men and women to both sets of instructions, she set the
timer and waited at the destination. Her results will vindicate women who
say that while they may not be able to read maps as well as men, they can
find their way using landmarks.
http://www.canada.com/national/story.asp?id=390313AD-F327-42CF-A407-7D9EF2EE4B47
Map reading is probably the main source of conflict between couples while
driving. But the assertion that women are incapable of reading a map
correctly has, unfortunately for the female sex, been backed up by several
studies on spatial ability.
Men have used this convenient theory of the female lack of spatial judgment
to criticize anything from a woman's ability to reverse into a parking
space, to berating her when she fails to differentiate north from south
while reading a map.
But now, it seems, the idea that women are wandering around in a kind of
spatial vacuum -- where successful navigation is more down to luck than
planning -- is only half the story.
While it is true that men find the instructions on a map easier to follow,
women do far better when following a verbal set of directions, using
landmarks to help them.
Psychologist Deborah Saucier, of the University of Saskatchewan, decided to
re-examine the assumption that men are superior to women in their ability
to navigate.
"Research into the field of spatial ability time and again concludes that
men are superior," she says.
"You get the impression that, for most of the time, women are wandering
around lost, which is clearly not the case."
Saucier set up a simple experiment using male and female students,
assigning them two different ways of getting from one point to another. One
set of directions followed the classic Euclidian method employed by map
designers, based on compass directions and distances, such as "walk north
for 400 metres, then turn east."
The second set used landmarks, such as "carry on until you get to the large
oak tree, then turn left and walk until you get to a house with a yellow door."
Having assigned men and women to both sets of instructions, she set the
timer and waited at the destination. Her results will vindicate women who
say that while they may not be able to read maps as well as men, they can
find their way using landmarks.
Monday, August 12, 2002
EVERYBODY ASKS WHAT CAN I DO. HERE ARE SOME PRACTICAL NON-VIOLENT SUGGESTIONS
IT WILL BE INTERESTING TO SEE HOW THEY TRY TO IMPLEMENT THIS
Thursday, August 08, 2002
ETC.
Institute of Economic Affairs
by John Blundell
"The world's leading exponent of the superiority of
voluntary action over coercion has lived to see the
momentum of socialism slow from a gallop to a crawl.
Reversing it is the next job, he says." (07/30/02)
MILTON FRIEDMAN
FOUNDINGFATHERS.INFO
GOING BACK TO THE ROOTS
by John Blundell
"The world's leading exponent of the superiority of
voluntary action over coercion has lived to see the
momentum of socialism slow from a gallop to a crawl.
Reversing it is the next job, he says." (07/30/02)
MILTON FRIEDMAN
FOUNDINGFATHERS.INFO
GOING BACK TO THE ROOTS
WOULDN'T YOU KNOW IT, CAN'T LET THE BIG BANKS GO BK
Reuters reports RECORD bailout by IMF of Brazil. It won't work. Where's the money coming from. It couldn't just be printed could it????
WOW IS THIS SCARY!!!
August 7 - Gold $314.10 up $8.90 - Silver $4.67 up 6 cents
Debt rating agency Standard & Poor's might lower its rating on J.P. Morgan
Chase
Gold traded differently right from the get-go. It came in $2 to $3 higher
after firm overseas trading and then exploded right after the opening,
easily clearing $310 resistance. It stayed strong all day. Downticks were
short-lived. The best news was gold made new highs late in the session and
overpowered fund selling.
Rumors were flying all around that the move up was due to hedge buybacks.
Barrick was the only specific name mentioned. Maybe yes, maybe no.
As far as I am concerned, this move had Gold Cartel written all over it. We
do know that Morgan Stanley, the big seller at the top of the last move,
was the featured buyer yesterday and today in New York. If Barrick was the
buyer, that is the same as the cabal, as they are closely aligned.
Gold soared early today with the U.S. stock market due sharply higher and
the dollar only slightly weaker. The dollar went sharply lower after gold rose.
Yesterday, the dollar moved higher and gold went lower. That made no sense
to me at all, especially since the action was all about a cut in U.S.
interest rates. A cut in rates is VERY gold bullish and dollar bearish. We
already have negative interest rates in this country. Inflation is already
running a good percentage point higher than the current T-Bill rate. This
morning it was announced that import prices were up .4%, higher than the
.2% expected. Average hourly earnings were up .3% last month. Annualize
those two and you come up with 4% inflation in the U.S. AND THE FED IS
GOING TO LOWER RATES?????
The big question for us is whether The Gold Cartel will be forced to throw
in the towel. We know that the GATA story is spreading, as is Mike Bolser's
brilliant expose of J.P. Morgan Chase. Lower interest rates will encourage
hedge buybacks and investment demand for gold. All of that will put more
pressure on the cabal. Growing credit problems and a sinking stock market
will add to that pressure.
One has to wonder if they can stay the course any longer, or even better,
are getting out right now. One has to wonder how long J.P. Morgan Chase can
stay with their gold short program program with so much focus on CEO
William Harrison, etc?
I am hoping today was an indication of the beginning of the end for these
lying crooks. The gold trading action in New York was not the norm, not
even close.
This afternoon Standard & Poor's announced it might downgrade J.P. Morgan
Chase. This has to be very bad news for The Gold Cartel. Notice the line it
would not take "much more bad news." Morgan's stock was down around 30
cents and the DOW was tanking after this came out. Within hours the DOW
turned around on a dime and soared. Morgan's stock ended up 39 cents on the
day, but was a noticeable laggard. Bob Pisani of CNBC noted that the DOW
rally was due to futures trading. Hello PPT!
Tick, tick, tick:
NEW YORK, Aug 7 (Reuters) - Debt rating agency Standard & Poor's said on
Wednesday it would not take "much more bad news" for it to lower its rating
on J.P. Morgan Chase & Co. Inc. from the negative outlook it now has on the
bank.
"We do feel (J.P. Morgan's) liquidity is intact, if that's what's worrying
people, but its performance has been mediocre but stable in each of the
last two quarters and we look for that to continue," S&P analyst Tanya
Azarchs said on a conference call. S&P now rates J.P. Morgan's corporate
credit "AA-minus," its fourth-highest investment grade, with a negative
outlook.
"With J.P. Morgan and the negative outlook, it wouldn't take very much more
bad news for us to downgrade on that, and we're watching Citigroup Inc.
closely for the legal issues predominantly, as well as Latin American
issues," Azarchs continued. Congressional allegations that J.P. Morgan and
Citigroup lent money to Enron Corp. via disguised commodity trades that
enabled the bankrupt energy trader to hide debt and inflate cash flow have
hurt the banks' shares. Wall Street is concerned about legal liabilities
the banks might face over Enron ties.
"At this point, we have said that we cannot estimate, or even begin to
estimate, what the outcome of those lawsuits and legal issues might be,"
Azarchs told investors on a call to review banks' second quarter earnings.
"It may be nothing, or it may be bigger numbers." S&P's Azarchs sees some
merit to the banks' stance that their Enron dealings were appropriate based
on available information, but she said a push to go after Enron-linked
companies with deep pockets might mean higher-than-normal punitive damages
for the banks. U.S. banks also are wrestling with soured loans resulting
from major corporate bankruptcies as well as consumer loan losses in the
slack U.S. economy.
Debt rating agency Standard & Poor's might lower its rating on J.P. Morgan
Chase
Gold traded differently right from the get-go. It came in $2 to $3 higher
after firm overseas trading and then exploded right after the opening,
easily clearing $310 resistance. It stayed strong all day. Downticks were
short-lived. The best news was gold made new highs late in the session and
overpowered fund selling.
Rumors were flying all around that the move up was due to hedge buybacks.
Barrick was the only specific name mentioned. Maybe yes, maybe no.
As far as I am concerned, this move had Gold Cartel written all over it. We
do know that Morgan Stanley, the big seller at the top of the last move,
was the featured buyer yesterday and today in New York. If Barrick was the
buyer, that is the same as the cabal, as they are closely aligned.
Gold soared early today with the U.S. stock market due sharply higher and
the dollar only slightly weaker. The dollar went sharply lower after gold rose.
Yesterday, the dollar moved higher and gold went lower. That made no sense
to me at all, especially since the action was all about a cut in U.S.
interest rates. A cut in rates is VERY gold bullish and dollar bearish. We
already have negative interest rates in this country. Inflation is already
running a good percentage point higher than the current T-Bill rate. This
morning it was announced that import prices were up .4%, higher than the
.2% expected. Average hourly earnings were up .3% last month. Annualize
those two and you come up with 4% inflation in the U.S. AND THE FED IS
GOING TO LOWER RATES?????
The big question for us is whether The Gold Cartel will be forced to throw
in the towel. We know that the GATA story is spreading, as is Mike Bolser's
brilliant expose of J.P. Morgan Chase. Lower interest rates will encourage
hedge buybacks and investment demand for gold. All of that will put more
pressure on the cabal. Growing credit problems and a sinking stock market
will add to that pressure.
One has to wonder if they can stay the course any longer, or even better,
are getting out right now. One has to wonder how long J.P. Morgan Chase can
stay with their gold short program program with so much focus on CEO
William Harrison, etc?
I am hoping today was an indication of the beginning of the end for these
lying crooks. The gold trading action in New York was not the norm, not
even close.
This afternoon Standard & Poor's announced it might downgrade J.P. Morgan
Chase. This has to be very bad news for The Gold Cartel. Notice the line it
would not take "much more bad news." Morgan's stock was down around 30
cents and the DOW was tanking after this came out. Within hours the DOW
turned around on a dime and soared. Morgan's stock ended up 39 cents on the
day, but was a noticeable laggard. Bob Pisani of CNBC noted that the DOW
rally was due to futures trading. Hello PPT!
Tick, tick, tick:
NEW YORK, Aug 7 (Reuters) - Debt rating agency Standard & Poor's said on
Wednesday it would not take "much more bad news" for it to lower its rating
on J.P. Morgan Chase & Co. Inc. from the negative outlook it now has on the
bank.
"We do feel (J.P. Morgan's) liquidity is intact, if that's what's worrying
people, but its performance has been mediocre but stable in each of the
last two quarters and we look for that to continue," S&P analyst Tanya
Azarchs said on a conference call. S&P now rates J.P. Morgan's corporate
credit "AA-minus," its fourth-highest investment grade, with a negative
outlook.
"With J.P. Morgan and the negative outlook, it wouldn't take very much more
bad news for us to downgrade on that, and we're watching Citigroup Inc.
closely for the legal issues predominantly, as well as Latin American
issues," Azarchs continued. Congressional allegations that J.P. Morgan and
Citigroup lent money to Enron Corp. via disguised commodity trades that
enabled the bankrupt energy trader to hide debt and inflate cash flow have
hurt the banks' shares. Wall Street is concerned about legal liabilities
the banks might face over Enron ties.
"At this point, we have said that we cannot estimate, or even begin to
estimate, what the outcome of those lawsuits and legal issues might be,"
Azarchs told investors on a call to review banks' second quarter earnings.
"It may be nothing, or it may be bigger numbers." S&P's Azarchs sees some
merit to the banks' stance that their Enron dealings were appropriate based
on available information, but she said a push to go after Enron-linked
companies with deep pockets might mean higher-than-normal punitive damages
for the banks. U.S. banks also are wrestling with soured loans resulting
from major corporate bankruptcies as well as consumer loan losses in the
slack U.S. economy.
Wednesday, August 07, 2002
SWIFTIAN
When a true genius appears in this world you may know him by this sign,
that the dunces are all in confederacy against him.
-- Jonathan Swift (1667-1745)
that the dunces are all in confederacy against him.
-- Jonathan Swift (1667-1745)
SOME INTERESTING ARTICLES
First, They Came for the CEOs
Bush, unable to kill Osama, humiliates and jails a sick, elderly
businessman. Article by James Ostrowski.
GOING AFTER BUSINESS
Pop!
That's the real estate bubble, says Charley Reese.
REAL ESTATE BUBBLE
Post-Modern 'Law' Enforcement
Bill Anderson on Ashcroft, Giuliani, and the denial of truth.
POLICE STATE
Bush, unable to kill Osama, humiliates and jails a sick, elderly
businessman. Article by James Ostrowski.
GOING AFTER BUSINESS
Pop!
That's the real estate bubble, says Charley Reese.
REAL ESTATE BUBBLE
Post-Modern 'Law' Enforcement
Bill Anderson on Ashcroft, Giuliani, and the denial of truth.
POLICE STATE
Tuesday, August 06, 2002
A LITTLE JEWISH HUMOR
To: The Lord God Almighty a.k.a. Ha'shem, Shadai, Elohim, etc.
From: The Jews: a.k.a. The Chosen people
Subject: Termination of Contract/Special Status (Chosen People)
As you are aware, the contract made between you and Abraham is up for
renewal, and this memorandum is to advise you that after, yea, those
many millennia of consideration, we, the Jews (The Chosen People)
have decided that we really do not wish to renew.
We should point out immediately that there is nothing in writing,
and, contrary to popular beliefs, we (The Jews) have not really
benefited too much from this arrangement. If you go back to the early
years of our arrangement, it definitely started off on the wrong
footing.
Not only was Israel and Judea invaded almost every year, but we went
to enormous expense to erect not one but two Temples, and they were
both destroyed. All we have left is a pile of old stones called the
Western Wall (of course you know all this, but we feel it's a good
thing to account for all the reasons we wish to terminate the
contract).
After the Hittites, Assyrians, Goliaths, etc, not only were we beaten
up almost daily, but then we were sold off as slaves to Egypt of all
countries, and really lost a few hundred years of development.
Now we realize that you went to a great deal of trouble to send Moses
to lead us out of Egypt, and those poor Egyptian buggers were smitten
(smote?) with all those plagues, But, reflecting on those years, we
are at a loss to understand why it took almost forty years to make a
trip that El Al now does in 75 minutes. Also, while not appearing to
be ungrateful, for years a lot of people have asked why Moses led us
left instead of right at Sinai? If we had gone right, we would have
had the oil!
OK, so the oil was not part of the deal, but then the Romans came and
we really were up to our necks in dreck. While it's true that the
Romans did give us water fit to drink, aqueducts, and baths, it was
very disconcerting to walk down one of the vias, look up, and see one
of your friends or family nailed to a three-by-four looking for all
the world like a sign post.
Even one of our princes, Judah ben Hur got caught up with Roman stuff
and drove like a crazy man around the Coliseum. It's a funny thing
but many people swore that Ben Hur had an uncanny resemblance to
Moses...go figure.
Then, of all things, one of our rabbis (teachers) declared himself
"Son of You" (there was nothing said about this with Abe) and before
we knew what was what, a whole new religion sprang up.
To add insult to injury, we were dispersed all over the world two or
three times while this new religion really caught on! We were truly
sorry to hear that the Romans executed him like so many others, but,
... alas, (and this will make you laugh,) once again WE were blamed.
Now here's something we really don't understand. That rabbi, one of
ours and your own son, really came into his own. Millions of people
revered and worshipped his name and scriptures. .....and still killed
us by the millions. Claimed we drank the blood of new born infants,
and controlled the world banks (Oy! if only that were so.)
We could have bought them all off, and operated the worlds' media and
so on and so on. Are we beginning to make our point here? OK so let's
fast-forward a few hundred years to the Crusades. Hoo boy! Again we
were caught in the middle! They, the Lords and Knights, came from all
over Europe to smack the Arabs and open up the holy places, but
before we knew what hit us, they were killing us right, left, and
centre along with everyone else.
Every time a king or a pope was down in the opinion polls, they
called a crusade or holy war, and went on a killing rampage in our
land. Today it's called Jihad. OK, so you tested us a little there,
but then some bright cleric in Spain came up with the Inquisition. We
all thought it was a new game show, but once again we and, we must
admit, quite a few others were used as firewood for a whole new
street lighting arrangement in major Spanish cities.
All right, so that ended after about a hundred years or so...in the
great scheme of things not a long time. But every time we settled
down in one country or another..they kicked us out! So we wandered
around a few hundred years or so, but it never changed.
Finally we settled in a few countries but they insisted we all live
in ghettoes...no Westchesters of Moscow for us. There we are in the
ghettoes, when what do you know? The Russians come up with the
Pogroms. We all thought they made a spelling mistake and misspelled
programs, but we were dead wrong (no pun intended). Apparently, when
there was nothing else for them to do, killing the Jews (a.k.a. The
Chosen People, are you getting our drift?) was the in thing.
Now comes some really tough noogies. We were doing quite well, thank
you, in a small European country called Germany, when some house
painter wrote a book, said a few things that caught on and became
their leader....whoo boy what a bad day that was for us...you know...
your Chosen People. We don't really know where you were in the earth
years 1940 to 1945.
We know everyone needs a break now and then...even Lord God Almighty
needs some time off. But really...when we needed you most, you were
never around. You are probably aware of this, but if you have
forgotten, over six million of your Chosen people, along with quite a
few unchosen others were murdered.
They even made lamp shades out of our skins. Look, we don't want to
dwell on the past, but it gets worse! Here we are, it's 1948, and
millions of us are displaced yet again, when you really pull a fast
one. We finally get our own land back! Yes!!! After all these years,
you arrange for us to go back... then all the Arab countries
immediately declare war on us.
We have to tell you that sometimes your sense of humour really eludes
us. Ok, so we win all the wars, but it's now 2002 and nothing's
changed. We keep getting blown up, hijacked, and kidnapped. We have
no peace whatsoever.
Enough is enough. So, we hope that you understand that nothing's
forever (except you of course) and we respectfully would like to pull
out of our verbal agreement vis-a-vis being your chosen people. Look,
sometimes things work out, sometimes they don't.
Let's be friends over the next few eons and see what happens. How
about this? We're sure you recall that Abraham had a whole other
family from Ishmael (the ones who got the oil) How about making them
your chosen people for a few thousand years?
Respectfully yours,
From: The Jews: a.k.a. The Chosen people
Subject: Termination of Contract/Special Status (Chosen People)
As you are aware, the contract made between you and Abraham is up for
renewal, and this memorandum is to advise you that after, yea, those
many millennia of consideration, we, the Jews (The Chosen People)
have decided that we really do not wish to renew.
We should point out immediately that there is nothing in writing,
and, contrary to popular beliefs, we (The Jews) have not really
benefited too much from this arrangement. If you go back to the early
years of our arrangement, it definitely started off on the wrong
footing.
Not only was Israel and Judea invaded almost every year, but we went
to enormous expense to erect not one but two Temples, and they were
both destroyed. All we have left is a pile of old stones called the
Western Wall (of course you know all this, but we feel it's a good
thing to account for all the reasons we wish to terminate the
contract).
After the Hittites, Assyrians, Goliaths, etc, not only were we beaten
up almost daily, but then we were sold off as slaves to Egypt of all
countries, and really lost a few hundred years of development.
Now we realize that you went to a great deal of trouble to send Moses
to lead us out of Egypt, and those poor Egyptian buggers were smitten
(smote?) with all those plagues, But, reflecting on those years, we
are at a loss to understand why it took almost forty years to make a
trip that El Al now does in 75 minutes. Also, while not appearing to
be ungrateful, for years a lot of people have asked why Moses led us
left instead of right at Sinai? If we had gone right, we would have
had the oil!
OK, so the oil was not part of the deal, but then the Romans came and
we really were up to our necks in dreck. While it's true that the
Romans did give us water fit to drink, aqueducts, and baths, it was
very disconcerting to walk down one of the vias, look up, and see one
of your friends or family nailed to a three-by-four looking for all
the world like a sign post.
Even one of our princes, Judah ben Hur got caught up with Roman stuff
and drove like a crazy man around the Coliseum. It's a funny thing
but many people swore that Ben Hur had an uncanny resemblance to
Moses...go figure.
Then, of all things, one of our rabbis (teachers) declared himself
"Son of You" (there was nothing said about this with Abe) and before
we knew what was what, a whole new religion sprang up.
To add insult to injury, we were dispersed all over the world two or
three times while this new religion really caught on! We were truly
sorry to hear that the Romans executed him like so many others, but,
... alas, (and this will make you laugh,) once again WE were blamed.
Now here's something we really don't understand. That rabbi, one of
ours and your own son, really came into his own. Millions of people
revered and worshipped his name and scriptures. .....and still killed
us by the millions. Claimed we drank the blood of new born infants,
and controlled the world banks (Oy! if only that were so.)
We could have bought them all off, and operated the worlds' media and
so on and so on. Are we beginning to make our point here? OK so let's
fast-forward a few hundred years to the Crusades. Hoo boy! Again we
were caught in the middle! They, the Lords and Knights, came from all
over Europe to smack the Arabs and open up the holy places, but
before we knew what hit us, they were killing us right, left, and
centre along with everyone else.
Every time a king or a pope was down in the opinion polls, they
called a crusade or holy war, and went on a killing rampage in our
land. Today it's called Jihad. OK, so you tested us a little there,
but then some bright cleric in Spain came up with the Inquisition. We
all thought it was a new game show, but once again we and, we must
admit, quite a few others were used as firewood for a whole new
street lighting arrangement in major Spanish cities.
All right, so that ended after about a hundred years or so...in the
great scheme of things not a long time. But every time we settled
down in one country or another..they kicked us out! So we wandered
around a few hundred years or so, but it never changed.
Finally we settled in a few countries but they insisted we all live
in ghettoes...no Westchesters of Moscow for us. There we are in the
ghettoes, when what do you know? The Russians come up with the
Pogroms. We all thought they made a spelling mistake and misspelled
programs, but we were dead wrong (no pun intended). Apparently, when
there was nothing else for them to do, killing the Jews (a.k.a. The
Chosen People, are you getting our drift?) was the in thing.
Now comes some really tough noogies. We were doing quite well, thank
you, in a small European country called Germany, when some house
painter wrote a book, said a few things that caught on and became
their leader....whoo boy what a bad day that was for us...you know...
your Chosen People. We don't really know where you were in the earth
years 1940 to 1945.
We know everyone needs a break now and then...even Lord God Almighty
needs some time off. But really...when we needed you most, you were
never around. You are probably aware of this, but if you have
forgotten, over six million of your Chosen people, along with quite a
few unchosen others were murdered.
They even made lamp shades out of our skins. Look, we don't want to
dwell on the past, but it gets worse! Here we are, it's 1948, and
millions of us are displaced yet again, when you really pull a fast
one. We finally get our own land back! Yes!!! After all these years,
you arrange for us to go back... then all the Arab countries
immediately declare war on us.
We have to tell you that sometimes your sense of humour really eludes
us. Ok, so we win all the wars, but it's now 2002 and nothing's
changed. We keep getting blown up, hijacked, and kidnapped. We have
no peace whatsoever.
Enough is enough. So, we hope that you understand that nothing's
forever (except you of course) and we respectfully would like to pull
out of our verbal agreement vis-a-vis being your chosen people. Look,
sometimes things work out, sometimes they don't.
Let's be friends over the next few eons and see what happens. How
about this? We're sure you recall that Abraham had a whole other
family from Ishmael (the ones who got the oil) How about making them
your chosen people for a few thousand years?
Respectfully yours,
Monday, August 05, 2002
CIGARETTE TAX AIDING TERRORISTS
ALL THE SIGNS INDICATE A MAJOR ECONOMIC DEPRESSION
I'm sorry but I woke up this morning and just analyzed all of the fragments of what is going on and came up with the conclusion cited in the title. CAUSE: Too much debt, public and private AND ALL OF THE ECONOMIC AND MONETARY DISLOCATIONS that come with it. The chickens are coming home to roost--worldwide. This is no "double dip" recession. But this doesn't cause me any concern. Why? Because a depression will cause a major reallocation of wealth and if one is situated to handle it, fortunes have been made and will be made--in the flash of a blink or is it the blink of an eye. CASH IS KING--too bad I don't have any. Why? Because assets will be for sale at pennies on the dollar. Also, as the government implodes, it will create tremendous possibilities for FREEDOM. It appears this kind of crash--which occurs throughout history--is necessary to get rid of a lot of the complexities that are created over the years. This will include getting rid of the debt loads. Renunciation of the public debt is almost a certainty, as I predicted would happen in my Book. This is a process and it doesn't happen overnight but we are on an unstoppable slide. I am certain that computers and the internet have created this situation but I can't figure out how they have done it. Well, that is my opinion.
Saturday, August 03, 2002
RAN INTO A GUY ON THE INTERNET WHO JOINED FLoA MANY YEARS AGO
WHAT ABOUT "SOMA", ISN'T IT THE CURRENTLY PRESCRIBED PSYCHOTROPICS
Talking camera to monitor alley
LOS ANGELES -Police, fed up with trash-filled alleys have unveiled the first of 11 special motion-sensor cameras they hope will deter illegal dumping; and graffiti in southern Los Angeles.
A camera mounted on a power pole in Watts is designed to snap a picture of - and audibly warn - anyone spotted loitering in a junk filled alley, police said.
The steel-encased camera, designed to withstand bullets, plays a recorded warning that police hope will act as a deterrent: "Stop! This is the LAPD," the recording says. "We have just taken your photograph. We will use this photograph to prosecute you. Leave now."
Associated Press
--------------------------------------------------------
George Orwell warned us that there would be "telscreens"
George Orwell is a pen name for Eric Blair.
Eric Blair joined the Fabian Socialist Society as a young man, and left it
before he wrote "1984".
The Fabian Socialist Society was founded in 1884.
At their founding the made a prediction that they could accomplish their
objectives in 100 years.
When Eric Blair defected from the Fabian Socialist Society, he wrote "1984"
as an EXPOSE of what the Fabian Socialist Society was trying to do.
It is an INSIDER's view of reality, not a fantasy.
Well, it did not come in 1984,
but it is on the way.
Everything in "1984" is coming to pass.
Remember the slogan "War is peace"? It sounded ridiculous to me when I first read it.
Now we have a United Nations "peace" army that is waging peace on almost a
dozen nations.
Remember the slogan "Freedom is Slavery"? Now we have "liberal" programs and national "Liberation" movements yelling "power to the people"
... and building bigger and more powerful government.
Remember the slogan: "Ignorance is Strength"?
Now it is called "plausible deniability".
How many times have we heard "I have no recollection of that"?
What about "thought criminals"?
Now we call them "cult members", "supremacists", "anti--government",
and numerous other terms that refer to unauthorized thoughts.
"Politically correct" simply means that you are not a "thought criminal"
A "Hate Crime" is an ordinary crime; which is given FEDERAL jurisdiction,
and more severe penalty, because of the alleged THOUGHTS of the
accused.
Who has the right to define such a term as "cult"?
If freedom of religion exists THERE IS NO ONE who
has authority to "approve" of "disapprove" ANY religion.
"Cult member" is a modern word for what George Orwell called
a "thought criminal".
Oops!
It looks like I just wrote the first edition of the "Newspeak" dictionary.
If you suddenly stop hearing from me,
you may assume that the "Thought Police" have come for me.
When I emerge from the "Ministry of Love",
I may be uttering strange confessions.
These strange confessions will be nothing more than the creative writing of the "Thought Police" written on the shell of human frailty.
Brothers and Sisters!
Welcome to The New World Order!
John Perna August 03, 2002
LOS ANGELES -Police, fed up with trash-filled alleys have unveiled the first of 11 special motion-sensor cameras they hope will deter illegal dumping; and graffiti in southern Los Angeles.
A camera mounted on a power pole in Watts is designed to snap a picture of - and audibly warn - anyone spotted loitering in a junk filled alley, police said.
The steel-encased camera, designed to withstand bullets, plays a recorded warning that police hope will act as a deterrent: "Stop! This is the LAPD," the recording says. "We have just taken your photograph. We will use this photograph to prosecute you. Leave now."
Associated Press
--------------------------------------------------------
George Orwell warned us that there would be "telscreens"
George Orwell is a pen name for Eric Blair.
Eric Blair joined the Fabian Socialist Society as a young man, and left it
before he wrote "1984".
The Fabian Socialist Society was founded in 1884.
At their founding the made a prediction that they could accomplish their
objectives in 100 years.
When Eric Blair defected from the Fabian Socialist Society, he wrote "1984"
as an EXPOSE of what the Fabian Socialist Society was trying to do.
It is an INSIDER's view of reality, not a fantasy.
Well, it did not come in 1984,
but it is on the way.
Everything in "1984" is coming to pass.
Remember the slogan "War is peace"? It sounded ridiculous to me when I first read it.
Now we have a United Nations "peace" army that is waging peace on almost a
dozen nations.
Remember the slogan "Freedom is Slavery"? Now we have "liberal" programs and national "Liberation" movements yelling "power to the people"
... and building bigger and more powerful government.
Remember the slogan: "Ignorance is Strength"?
Now it is called "plausible deniability".
How many times have we heard "I have no recollection of that"?
What about "thought criminals"?
Now we call them "cult members", "supremacists", "anti--government",
and numerous other terms that refer to unauthorized thoughts.
"Politically correct" simply means that you are not a "thought criminal"
A "Hate Crime" is an ordinary crime; which is given FEDERAL jurisdiction,
and more severe penalty, because of the alleged THOUGHTS of the
accused.
Who has the right to define such a term as "cult"?
If freedom of religion exists THERE IS NO ONE who
has authority to "approve" of "disapprove" ANY religion.
"Cult member" is a modern word for what George Orwell called
a "thought criminal".
Oops!
It looks like I just wrote the first edition of the "Newspeak" dictionary.
If you suddenly stop hearing from me,
you may assume that the "Thought Police" have come for me.
When I emerge from the "Ministry of Love",
I may be uttering strange confessions.
These strange confessions will be nothing more than the creative writing of the "Thought Police" written on the shell of human frailty.
Brothers and Sisters!
Welcome to The New World Order!
John Perna August 03, 2002
Friday, August 02, 2002
THIS GUY IS SOME WEIRD DUDE---AND YET????
THIS IS FUNNY TOO, GEORGE MCGOVERN CAN'T GET NO RESPECT
SOME VERY FUNNY WEBSITES
Thursday, August 01, 2002
LEST WE FORGET
All too frequently, I read at American web sites of the "danger" that
the USA "might" or "could become" a police state. This is proof, if
any be needed, that even supposedly libertarian Americans live in a
mental and emotional La-La Land.
The United States of America has been a police state for many decades
already, (if not even since at least 1861). The establishment of the
FBI, the CIA, the NSA, the DEA, the BATF, and now the OHS and TIPS are
not the work of anything other than a police state. That the situation
grows worse all the time does not mean that there is a "danger" of a
police state, but that such entities always progress in just this
manner.
The attack on the Move House in Philadelphia many years ago was not
the normal enforcement of municipal bylaws. The attacks at Ruby Ridge
and Waco were not "humanitarian interventions". The idiots who harass
you at the airport are not civil libertarians. The fact that there is
a "relatively free market" (i.e. a very unfree and controlled market)
does not make the USA "still the greatest country in the world" as
Yanks so often reassure themselves.
The saying that "nobody ever went broke underestimating the
intelligence of the American people" is demonstrably true. The
emotional appeal of The Flag and the Star Spangled Banana and all the
rousing militaristic Sousa marches must not be underestimated.
Americans are suckers for nationalism, and they will salute the silly
feudal banner and sing the national anthem while wondering if the USA
is "in danger of becoming a police state". I suppose that citizens of
the Third Reich worried about that, too.
In the interests of clearing up the confusion, I'll make the following
observation: Jan "the man" Reno is running for governor of Florida,
even as I type. This is the individual who took "full responsibility"
for the deliberate mass murder of innocent women and children at Waco,
Texas, on the pretext of serving a warrant for a minor violation of a
firearms registration law. She did this in her (then) capacity as the
highest-ranking law enforcement officer of the federal state. She has
never faced a single charge for these murders.
Now the evil bitch is openly campaigning to become gauleiter of the
Sunshine State. This could only happen in a police state. In any other
kind of nation such an individual would be kept under lock and key; in
the USA, Charlie Sheen is out shilling for this fascist demon.
Despite these current events, apologists for the US Reich can only
bleat that The Land of the Free and The Home of the Brave is not a
police state, since the process is not yet complete; "After all,
people are still able to move about [relatively] freely and you can
[still] say what you want [so far, and within limits], right?"
If an alligator is chewing off your foot you aren't dead yet either.
So why worry that it will continue to eat you? After all, it might
become satiated soon.
Then again, you-all, it just might not.
----------------------------------------------------------------------------------------------
It is time to update a famous quote from Rev. Martin Niemoller, commenting on events in Germany 1933-1939 said:
"In Germany, they came first for the Communists,
and I didn't speak up because I wasn't a Communist.
Then they came for the Jews,
and I didn't speak up because I wasn't a Jew.
Then they came for the Trade Unionists,
and I didn't speak up because I wasn't a Trade Unionist.
Then they came for the Catholics, and
I didn't speak up because I was a Protestant.
Then they came for me, and by that time, no one was left to
speak up." -- Rev. Dr. Martin Niemoeller, July 1,
1937; arrested by the Third Reich
An update of this concept, with the United States in mind, would go like this:
"First they burned the house of the Symbionese Liberation Army and killed all of their members. Most of us did not object because we did not believe in the same things as the Symbionese Liberation Army.
Then they dropped a bomb on the building of the Philadelphia MOVE group, and destroyed two city blocks, and killed 11 members. Most of us did not object because we did not believe in the same things as the MOVE group.
Then they burned the house of Gordon Kahl, a tax protester, and killed him. Most of us did not object because we did not believe in the same things as Gordon Kahl.
Then they burned the house of Robert Matthews, leader of "The Order," and killed him. Most of us did not object because we did not believe in the same things as Robert Matthews.
Then they conducted a siege and a raid of 80-member Covenant of the Sword and Arm of the Lord religious group. Most of us did not object because we did not believe in the same things as the Covenant of the Sword and Arm of the Lord.
Then they conducted a siege and a raid of Randy Weaver's family, and killed or wounded nearly everyone present; even including a baby and the dog. Many of us did not object because we did not believe in the same things as Randy Weaver's family.
Then they burned the church of the Branch Davidians and killed nearly all of them. A few of us did not object because we did not believe in the same things as the Branch Davidians."
the USA "might" or "could become" a police state. This is proof, if
any be needed, that even supposedly libertarian Americans live in a
mental and emotional La-La Land.
The United States of America has been a police state for many decades
already, (if not even since at least 1861). The establishment of the
FBI, the CIA, the NSA, the DEA, the BATF, and now the OHS and TIPS are
not the work of anything other than a police state. That the situation
grows worse all the time does not mean that there is a "danger" of a
police state, but that such entities always progress in just this
manner.
The attack on the Move House in Philadelphia many years ago was not
the normal enforcement of municipal bylaws. The attacks at Ruby Ridge
and Waco were not "humanitarian interventions". The idiots who harass
you at the airport are not civil libertarians. The fact that there is
a "relatively free market" (i.e. a very unfree and controlled market)
does not make the USA "still the greatest country in the world" as
Yanks so often reassure themselves.
The saying that "nobody ever went broke underestimating the
intelligence of the American people" is demonstrably true. The
emotional appeal of The Flag and the Star Spangled Banana and all the
rousing militaristic Sousa marches must not be underestimated.
Americans are suckers for nationalism, and they will salute the silly
feudal banner and sing the national anthem while wondering if the USA
is "in danger of becoming a police state". I suppose that citizens of
the Third Reich worried about that, too.
In the interests of clearing up the confusion, I'll make the following
observation: Jan "the man" Reno is running for governor of Florida,
even as I type. This is the individual who took "full responsibility"
for the deliberate mass murder of innocent women and children at Waco,
Texas, on the pretext of serving a warrant for a minor violation of a
firearms registration law. She did this in her (then) capacity as the
highest-ranking law enforcement officer of the federal state. She has
never faced a single charge for these murders.
Now the evil bitch is openly campaigning to become gauleiter of the
Sunshine State. This could only happen in a police state. In any other
kind of nation such an individual would be kept under lock and key; in
the USA, Charlie Sheen is out shilling for this fascist demon.
Despite these current events, apologists for the US Reich can only
bleat that The Land of the Free and The Home of the Brave is not a
police state, since the process is not yet complete; "After all,
people are still able to move about [relatively] freely and you can
[still] say what you want [so far, and within limits], right?"
If an alligator is chewing off your foot you aren't dead yet either.
So why worry that it will continue to eat you? After all, it might
become satiated soon.
Then again, you-all, it just might not.
----------------------------------------------------------------------------------------------
It is time to update a famous quote from Rev. Martin Niemoller, commenting on events in Germany 1933-1939 said:
"In Germany, they came first for the Communists,
and I didn't speak up because I wasn't a Communist.
Then they came for the Jews,
and I didn't speak up because I wasn't a Jew.
Then they came for the Trade Unionists,
and I didn't speak up because I wasn't a Trade Unionist.
Then they came for the Catholics, and
I didn't speak up because I was a Protestant.
Then they came for me, and by that time, no one was left to
speak up." -- Rev. Dr. Martin Niemoeller, July 1,
1937; arrested by the Third Reich
An update of this concept, with the United States in mind, would go like this:
"First they burned the house of the Symbionese Liberation Army and killed all of their members. Most of us did not object because we did not believe in the same things as the Symbionese Liberation Army.
Then they dropped a bomb on the building of the Philadelphia MOVE group, and destroyed two city blocks, and killed 11 members. Most of us did not object because we did not believe in the same things as the MOVE group.
Then they burned the house of Gordon Kahl, a tax protester, and killed him. Most of us did not object because we did not believe in the same things as Gordon Kahl.
Then they burned the house of Robert Matthews, leader of "The Order," and killed him. Most of us did not object because we did not believe in the same things as Robert Matthews.
Then they conducted a siege and a raid of 80-member Covenant of the Sword and Arm of the Lord religious group. Most of us did not object because we did not believe in the same things as the Covenant of the Sword and Arm of the Lord.
Then they conducted a siege and a raid of Randy Weaver's family, and killed or wounded nearly everyone present; even including a baby and the dog. Many of us did not object because we did not believe in the same things as Randy Weaver's family.
Then they burned the church of the Branch Davidians and killed nearly all of them. A few of us did not object because we did not believe in the same things as the Branch Davidians."
I AGREE WITH THIS
ITEM: The so-called Patriot Bill: In the wake of the September 11 attacks
on the World TradeCenter and the Pentagon, both Houses of Congress passed
and the President signed into law a bill which NO-ONE in either House had
even seen.... since it had not yet been printed. However, the timing is
proof positive that the bill had been prepared PRIOR to the attacks! This
law is a direct attack on the freedoms and rights of all Americans, NOT
just terrorists!
ITEM: The Shays-Meehan "Campaign Reform Law": The proper name of this law
should have been the "Incumbent Protection Law." The reform in funding of
campaigns will go into effect ONLY AFTER the next general election.
However, it IMMEDIATELY will control political advertising which seeks to
expose the voting records of office holders who have been violating their
oaths of office. A clear violation of our First Amendment right of free
speech. It is worth noting that many members of both Houses publicly
admitted that there were parts of this bill which were UNCONSTITUTIONAL but
they voted FOR it anyway. If that is not malfeasance in office, I don't
know what would be!
ITEM: "Model State Emergency Health Powers Act:" This is a proposed law
which is, or will be, aggressively promoted in every state legislature. If
enacted, it will give the governor of the state virtually DICTATORIAL
powers to control real estate, food supplies, transportation,
communications, firearms, medical facilities, medicines and the list goes
on and on! Once the law is enacted, the governor may give himself/herself
these powers by simply declaring an "emergency." In the act, "emergency" is
NOT clearly defined and may be any excuse the governor wishes to use. An
OPEN DOOR to tyranny!
ITEM: "Growing Smart Legislative Guidebook:" This is a new attack on the
very basis of a free society: private ownership and control of property!
This could have been taken straight out of the Communist Manifesto which
maintained that ALL property must be controlled by the State. This little
gem provides FEDERAL subsidies to STATE governments which agree to
establish FEDERAL rules for the zoning and control of PRIVATE property.
This "Guidebook" took seven years to produce and cost $2.5 MILLION of
taxpayer funds. This is an example of the textbook definition of FASCISM:
Government control of privately owned property.
ITEM: "Homeland Security Agency:" This innocuous sounding title hides the
truth about the largest and most serious power grab in American history.
This bill (which has already passed the House) will create the basis for a
national police force. It will consolidate the "enforcement" actions of 22
different government agencies into one monstrous bureaucracy. Most of the
activities being consolidated are presently subject to Congressional
oversight. Once the become part of the executive branch exclusively, that
oversight will be difficult if not impossible. We have here the beginnings
of an American "Geheime Staatspolizei"-- a Gestapo.
ITEM: "Military Police Field Manual #3-19.40:" The subtitle on this
government manual is: "Military Police Internment/Resettlement Operations."
This was issued a few months BEFORE the 9/11 attacks and has been virtually
totally ignored by the mass media. It is the official government military
policy for establishing and maintaining CONCENTRATION CAMPS in this
country. NOTE: Already existing prisons are capable of handling any
anticipated foreign terrorists! "Internment / Relocation" Camps, the
politically correct term for concentration camps, are needed ONLY to
imprison large numbers of AMERICANS!
Does all this BEGIN to cause a bit of unease in your mind? Do you begin to
see a pattern in what those in government are DOING? The enemies of freedom
are deadly serious and, if we are to have any hope of remaining a FREE
people, we must DAMN WELL get just as serious about protecting our freedoms
as they are about destroying them. We must get ACTIVE NOW, not tomorrow, or
next week or next month! Every minute we delay will add dearly to the price
of ultimate victory!
"Published originally at EtherZone.com : republication allowed with this
notice and hyperlink intact."
ETHERZONE
on the World TradeCenter and the Pentagon, both Houses of Congress passed
and the President signed into law a bill which NO-ONE in either House had
even seen.... since it had not yet been printed. However, the timing is
proof positive that the bill had been prepared PRIOR to the attacks! This
law is a direct attack on the freedoms and rights of all Americans, NOT
just terrorists!
ITEM: The Shays-Meehan "Campaign Reform Law": The proper name of this law
should have been the "Incumbent Protection Law." The reform in funding of
campaigns will go into effect ONLY AFTER the next general election.
However, it IMMEDIATELY will control political advertising which seeks to
expose the voting records of office holders who have been violating their
oaths of office. A clear violation of our First Amendment right of free
speech. It is worth noting that many members of both Houses publicly
admitted that there were parts of this bill which were UNCONSTITUTIONAL but
they voted FOR it anyway. If that is not malfeasance in office, I don't
know what would be!
ITEM: "Model State Emergency Health Powers Act:" This is a proposed law
which is, or will be, aggressively promoted in every state legislature. If
enacted, it will give the governor of the state virtually DICTATORIAL
powers to control real estate, food supplies, transportation,
communications, firearms, medical facilities, medicines and the list goes
on and on! Once the law is enacted, the governor may give himself/herself
these powers by simply declaring an "emergency." In the act, "emergency" is
NOT clearly defined and may be any excuse the governor wishes to use. An
OPEN DOOR to tyranny!
ITEM: "Growing Smart Legislative Guidebook:" This is a new attack on the
very basis of a free society: private ownership and control of property!
This could have been taken straight out of the Communist Manifesto which
maintained that ALL property must be controlled by the State. This little
gem provides FEDERAL subsidies to STATE governments which agree to
establish FEDERAL rules for the zoning and control of PRIVATE property.
This "Guidebook" took seven years to produce and cost $2.5 MILLION of
taxpayer funds. This is an example of the textbook definition of FASCISM:
Government control of privately owned property.
ITEM: "Homeland Security Agency:" This innocuous sounding title hides the
truth about the largest and most serious power grab in American history.
This bill (which has already passed the House) will create the basis for a
national police force. It will consolidate the "enforcement" actions of 22
different government agencies into one monstrous bureaucracy. Most of the
activities being consolidated are presently subject to Congressional
oversight. Once the become part of the executive branch exclusively, that
oversight will be difficult if not impossible. We have here the beginnings
of an American "Geheime Staatspolizei"-- a Gestapo.
ITEM: "Military Police Field Manual #3-19.40:" The subtitle on this
government manual is: "Military Police Internment/Resettlement Operations."
This was issued a few months BEFORE the 9/11 attacks and has been virtually
totally ignored by the mass media. It is the official government military
policy for establishing and maintaining CONCENTRATION CAMPS in this
country. NOTE: Already existing prisons are capable of handling any
anticipated foreign terrorists! "Internment / Relocation" Camps, the
politically correct term for concentration camps, are needed ONLY to
imprison large numbers of AMERICANS!
Does all this BEGIN to cause a bit of unease in your mind? Do you begin to
see a pattern in what those in government are DOING? The enemies of freedom
are deadly serious and, if we are to have any hope of remaining a FREE
people, we must DAMN WELL get just as serious about protecting our freedoms
as they are about destroying them. We must get ACTIVE NOW, not tomorrow, or
next week or next month! Every minute we delay will add dearly to the price
of ultimate victory!
"Published originally at EtherZone.com : republication allowed with this
notice and hyperlink intact."
ETHERZONE
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