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There's an op-ed on Fox this morning that you should read.

Christians are being beheaded in the Middle East and you have lectured us about the Crusades.  Christians have been killed in Charleston and you have preached to us about the National Rifle Association. Christians have now been singled out and murdered in Oregon and mum’s the word.  Why?

What would you have said, Mr. President, had the victims been Muslims?  What would you have said had they been targeted because they were transgender, gay, or wearing a hoodie?  Would you have condemned it?  Would you have called for hate-crimes legislation?  Would you have confronted the ideology that led to the crime?  Would you have lectured us about phobias and bigotry?

We already know that, don't we? Remember Mr. Zimmerman, who I remind you was acquitted of shooting Mr. Martin because he fired in self-defense after having his head bashed against a concrete sidewalk and in response exercised his God-given right to live instead of die at the hand of a thug who attacked him.

You, Mr. President, along with many others, first tried to paint him as a "white man" (false, he's Hispanic) and when that didn't work you called him a bigot anyway and supported those who took that view.  You even said you considered the dead Mr. Martin someone who could be "your son."

Indeed, you personally, Mr. President, fanned the flames of racial hatred in that circumstance, and despite your best effort both personally from your bully pulpit and in the press a jury of Mr. Zimmerman's peers found him not guilty.

There has not been one word about the fact that those who were Christian were targeted for execution in Oregon while others who professed some other faith, or none at all, were spared.




Then there are reports that members of the military which you command were ordered to ignore Muslims sexually assaulting young boys in Afghanistan.  One service member who ignored that order and intervened anyway has been discharged for doing so.  Got that folks: This man was discharged from the service for attempting to stop a young boy from being sexually assaulted in his anus by a Muslim Afghani thug.

Obama's military discharged this man from the service for his ethically and morally correct act and Obama, who has the authority as Commander in Chief to rescind that discharge and eject from the service anyone and everyone involved in it, has refused to do so.


Virtually every one of these shootings has taken place in a "Gun Free Zone", otherwise known by deranged criminals as a TARGET RICH ENVIRONMENT WITH UNARMED VICTIMS.

Despite this fact Obama has done exactly nothing to remove those signs and demand repeal of the laws on the books enforcing same.

Instead he has threatened "executive action" to make a widow who sells her former husband's large and lawfully-owned gun collection a felon unless she first obtains a BATFE license as a gun dealer and complies with all of the commercial requirements for same.

Further nearly all of the shooters in these incidents, including the most-recent in Oregon and going all the way back to Columbine, were either on or withdrawing from drugs that have a black-label warning for suicide and uncontrolled rage among the specific age group of 15-25.  These shooters are virtually without exception in that age bracket.

The only exceptions of note that I'm aware of have been those who murdered in the name of Islam.

Mr. President, you have not said ONE WORD about removing those drugs from being able to be prescribed to persons aged 15-25 except where 24x7 monitoring can be provided, even though the correlation between people in that age group, the use of those drugs and these incidents is statistically off-the-charts in terms of the likelihood of that association not being a matter of random chance.

Instead what this President has done is demand that the people be disarmed while both dangerous thugs and those mentally addled by known dangerous substances handed out like candy are given posted places in which to go to and murder innocent, peaceful people who are obeying the law.  Worse, these are places that have a gross overrepresentation of our children present in them.

The Second Amendment does not exist so people can punch holes in paper or hunt for food.  That's a beneficial side effect.  The Second Amendment exists as a formal recognition of every human's Creator-Endowed Right to protect their own life in the gravest extreme, irrespective of why that extreme situation exists, when, or where.

You, Mr. President, are both trying to infringe on and deprive the American people of their GOD GIVEN RIGHT TO LIVE and at the same time you are sitting silently, despite the government having the regulatory power to put a stop to it, while others potentiate that threat to the people's lives for profit.

Your continued action and inaction is outrageous and it has gone on for long enough.  If you won't stop this crap then you must be impeached RIGHT DAMN NOW.  If Congress will not impeach for the high crime of intentionally endangering our youth among others and silently allowing the creation of these rage monsters to continue then the people must remove Congress from office en-masse and replace all of them with office-holders who will.

Mr. President, you may desire a socialist utopia in which there are no weapons (other than those possessed by your Secret Service agents) and thus you are the only one who can defend your life while the rest of us are defenseless but that's the position of a despotic King, not the President of a Constitutional Republic.

This nation is the latter, not the former, and you swore an oath to uphold the Constitution and defend same.

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C'mon folks, Yellen knows what's going on.

So do you, if you'll pull your head out of your ass.

I've gone through this so many times it's reached the point of absurdity -- and stupidity to keep repeating it, but the simple fact of the matter is that all of this has happened because the mass of the American Public, which includes you, has tolerated it.

It's simply this: Secular lower interest rates, that is, a 30+ year trend of lower and lower rates, have seduced governments and people to continually borrow more rather than using debt only for a productive purpose that is then paid off.

This is evident in places like here, where we have the "Mid Bay" bridge that has quadrupled it's debt; the original promise was that the debt would be retired and the tolls lifted. Instead the tolls have more than doubled and the debt quadrupled, and there is no projection for lifting the tolls at all, because they never will be.

Local roads are built with 30 year bonds when they have 5-7 year lives before being re-surfaced.  There is obviously no intent to pay off said bond -- ever.

The Federal Government does the same thing; it borrows and spends in deficit, with no plan to ever pay any of that off.

Folks, this is a scam.  It makes it possible, for as long as it continues, for you to appear to have more money than you actually have.  It is exactly the same scam as re-financing your house on a repeated basis and spending it, and ends the same way -- in bankruptcyy.

Yellen knows this.  She knows this is what the Fed has enabled and she knows that this is what Congress has done at the federal level as well.  She knows it, Bernanke knew it, he stated so during his testimony and yet both he and Yellen have enabled this behavior by governments and corporations rather than providing a warning and then putting a stop to it.

Now they're trapped -- but so are you.  You went for the siren song of "growth" that never really happened and political promises to hand things to you that nobody paid for.  This has powered a 30 year bull market in stocks, driving the S&P 500 up by nearly 20x along with entitlement expansions at an utterly outrageous rate.

But now as rates have reached zero there is a problem; if rates rise then the interest required to hold that "money" (really credit) out rises too, and there is no margin to do so remaining.  Worse, even if rates simply sit at zero then the expansion in both the claimed economy and government spending cannot continue because it was driven not by low rates but by decreasing rates.

The only resolution possible is to default that which cannot be paid and put a stop to the deficit spending.  The latter is possible if we get rid of the medical monopolies.  The former will suck if you lent these entities money, but that's called risk and is part of the game.

Will this happen?  Not if "they" can prevent it.

But cut the conspiracy crap folks -- this is not due to some "cabal" or "money masters" or any such thing.  It is due to you, dear reader, believing that you can have something for nothing.  Our government exists with the consent of the governed, which is you.  This scam continues each and every day because you consent.

You could withdraw your consent but doing so would come with considerable cost.  Therefore, you don't, believing that this will eliminate said cost.

You're wrong.  In fact, your continued failure to withdraw your consent is compounding the economic harm you, and your children, must endure for each and every day your inaction continues.

That's the math, and you can't argue with math.

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The first principle of "science" is that you publish not only your results but also your data and methodology; others then validate that set of results by replicating your experiment.

Publication without replication is not evidence of being correct, peer reviewed or not.

In short only replicated results count.

This is where the so-called climate screamers have been caught; their results could not be replicated and often the reason is that they refused to release the raw data and methodology (formulas and such), and when that was purloined in the latter case and examined the outright dishonest nature of the methodology was laid bare upon the table.

Now we have the same thing happened in economics:

A new economics paper is making the rounds this week, and it has some pretty damning conclusions for the state of the whole subject.

Federal Reserve economists Andrew Chang and Phillip Li set about researching how many of the results published in top economics journals could be replicated — repeating the study and finding the same results.

They looked at 67 papers in 13 reputable academic journals.

The result is shocking: Without the help of the authors, only a third of the results could be independently replicated by the researchers. Even with their help, only about half, or 49%, could.

Got that?

Even with the help of the original writers, who have an incentive to distort, only half of the claimed results could be replicated.  Without their help, that is, standing alone as presented, only a third could.

The rest could not which means they're worthless at best and misleading at worst.

Now about Bernanke's thesis...... (which sure looks to be on fire about now.....)

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It's coming folks....

Netflix Inc.,  the world’s dominant paid online video service, is raising the price of its most popular streaming subscription by $1 a month to $9.99 for new customers in the U.S., Canada and parts of Latin America following a similar move in Europe this year.


With more than 65 million subscribers worldwide, Netflix is counting on customer gains and higher prices to sustain revenue growth and finance the cost of its film and TV offerings. The company has $4.3 billion in programming costs over the next year, and almost $5 billion more for the following three years.

Uh huh.

Netflix has been a cash furnace for quite a long time, and the forward, off-balance-sheet obligations they have taken on for programming are utterly stunning.

Over the next year they need to expend $4.3 billion for these costs but they only have $2.8 billion in cash and annual revenue (in total) of about $6 billion.  In other words as things stand right now they have no prayer in Hell of being able to meet that obligation.

The market has thus far given the company a pass and allowed them to raise funds in the market.  Who knows where that tolerance ends, but for a firm that has a book value of $4.77/share (in other words less than $2 billion in value) and more than double that in obligations for this year alone you have a company that literally exists on nothing more than hot air.

The market likes this move by the firm with the stock being up 5% and change as I write this.  But that's all you have here -- an utterly-monstrous cash furnace that would be out of business in six months but for the capital markets allowing them to come back time and time again.

If this price increase sticks without denting their customer additions they might pull it off.  Might.  But do recall that while a buck a sub sounds good when it applies to all their current customers it still amounts to less than a billion a year and they're in the hole on a cash basis .vs. forward obligations of more than double that.

Go ahead, suckers, keep buying.  I don't know when this company is going to blow up, but it will -- and when it does it will likely come with little or no warning.

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Come and get it!

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