Metallic Pea

Frustrating People Since 1971.

Posts Tagged ‘economic depression

Eggsactly

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‘They hatch adders’ eggs; they weave the spider’s web; he who eats their eggs dies, and from one that is crushed a viper is hatched.’  ~ Isaiah 59:5

  • Free-ranging chickens produce better, more wholesome eggs.  Here’s why.
  • Here is a lucid explanation of current economic mess we are in—and the coming (soon) collapse.  Things will never be the same and the sooner we accept that fact the better we can prepare for it.
  • ‘Many Austrian economists, including Ludwig von Mises, have been staunch advocates of “sound money,” stressing the importance of linking paper currencies to the precious metals or, better yet, returning the production of money to the free market where it belongs.’
  • The former President of Mexico, Vicente Fox, is calling for the legalisation of narcotics in an effort to curb violence—and I could not agree more.
  • Google street view gets hit again—Is that a dead body lying in the street?
  • Although one wants to avoid asceticism, there is a great deal to be admired about living a simple life.
  • ‘In an echo of the debates over the discredited intelligence that helped make the case for the war in Iraq, the Senate Foreign Relations Committee on Wednesday released more than 1,100 pages of previously classified Vietnam-era transcripts that show senators of the time sharply questioning whether they had been deceived by the White House and the Pentagon over the 1964 Gulf of Tonkin incident.’
  • ‘Marc Faber, the Swiss fund manager and Gloom Boom & Doom editor, said the US Federal Reserve will create a “final crisis” by continuing to print money because it is underestimating the strength of the economy which shows no signs of strengthening but signs of weakening everywhere in the world.’

‘If life seems awful to kids, it’s neither because hormones are turning you all into monsters (as your parents believe), nor because life actually is awful (as you believe). It’s because the adults, who no longer have any economic use for you, have abandoned you to spend years cooped up together with nothing real to do. Any society of that type is awful to live in. You don’t have to look any further to explain why teenage kids are unhappy.’  ~ Paul Graham, ‘Why Nerds Are Unpopular’

  • ‘Be prepared, if you have a sugar bowl home go fill it up because it’s going to be more expensive.’  ~ Investment guru Jim Rogers
  • ‘When will Americans come to see that the never-ending terrorist crisis, along with the concomitant loss of our civil liberties, is rooted in U.S. statism, imperialism, and interventionism rather than in religion?’
  • ‘Sovereign default, however, is not the only strategy available to the US regarding its unpayable debt. The US could alternatively pay down its massive obligations by debasing its currency, a strategy wherein the US would pay its creditors with increasingly worthless US dollars – to the US, a far more convenient solution.’
  • ‘Declaring himself the ‘most pessimistic of forecasters, nobody is more pessimistic than me’ Dr Faber outlined a scenario in which the dollar has to be replaced by another unit after a future inflation, and holders of cash and bonds lose virtually everything in the process.’
  • Once again, living in a free society means that folks should have the freedom to sell—or not sell—their home to anyone for any reason.
  • ‘US credit risk is huge and America has two options, either default or let the currency depreciate substantially against currencies such as the yuan and the rouble.’  (Are you prepared for what’s coming?)

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Two Arminians Walk Into a Bar…

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‘Better to live on a corner of the roof than share a house with a quarrelsome wife.’  ~ Proverbs 21:9

  • In the Land of the Free, however, you can have cops point guns at you for selling milk. Milk!
  • [U]ntil the debt is wrung out of the system, either through default or raging inflation – there’s no chance of it actually being paid in anything remotely resembling current dollars – the equivalent of an economic Black Death is going to plague the land.’
  • Many of the foods we eat are genetically modified to resist pesticides. The crops absorb the poison—and we eat it.
  • People’s willingness to hold money can change suddenly for a “psychological and spontaneous reason”, causing a spike in the velocity of money [i.e., hyperinflation]. It can occur at lightning speed, over a few weeks. The shift invariably catches economists by surprise. They wait too long to drain the excess money.’
  • Dying of Money’ available for download free of charge here. [UPDATE: Due to a surge in interest, the book is no longer free of charge.  However, a new copy may be obtained here for $34.95.]
  • Jules Dervaes explains why sustainable, local agriculture is vital to our freedom—and survival:

  • The plain truth is that [Abraham] Lincoln was deeply reviled by many who knew him personally, and by hundreds of thousands who only knew of him.’

It’s the $40 oil that is disappearing. There’s still plenty of $200
oil.’ ~ Rick Rule

  • It is now apparent also that the president himself, even before the attack, had intended to order the U.S. armed forces to make a pre-emptive strike against the Japanese in the southwest Pacific in order to assist the British in southeast Asia. But the Japanese “jumped the gun” on him by bombing Pearl Harbor on December 7, 1941.’
  • Soccer players have lost altogether whatever remained of sportsmanship:

  • We demand that the states of the union shall be preserved in all their vigor and power. They constitute a bulwark against the centralizing and destructive tendencies of the republican party.’ ~ 1924 Democratic Party Platform
  • I forgive you, honey. Now, why don’t you just…go to sleep?
  • China is considering ending its policy of pegging their currency to the Dollar.
  • [O]ur ruling class’s standard approach to any and all matters, its solution to any and all problems, is to increase the power of the government – meaning of those who run it, meaning themselves, to profit those who pay with political support for privileged jobs, contracts, etc.’
  • Lunacy in our government is not new—Hamilton exhibited extraordinary amounts of ridiculousness:

  • Many books have been written on the Calvinism/Arminianism debate. I do not know of any work that presents the debate and the outworking of the different tenets better than this series does. The script tellingly and incisively sets forth the errors of Arminianism, yet it does so compassionately.’
  • In the name of Christian charity, we are being asked nowadays to subsidize evil.’
  • Police State America: Talk About Jesus and Go to Jail.

In Depreciation of Your Efforts

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‘Surely vexation kills the fool, and jealousy slays the simple.’ ~ Job 5:2  

 

 

 

 

  • I once ate a 4 ½ pound steak and a Super Monster burrito from Freebird’s on dares. The first challenge took three hours and the second nearly killed me. I have since sworn off all challenges involving food. Sadly, it is too late for this guy.

 

 

 

  • Regardless of how you feel about the Bailout Bill that failed (THANKFULLY) in Congress yesterday, it should be pointed out how duplicitous and dishonest our representatives can be. The bill that has been touted as a critical rescue plan to prevent our economy from imploding (but would actually accomplish the opposite) was entitled thus:  ‘To amend the Internal Revenue Code of 1986 to provide earnings assistance and tax relief to members of the uniformed services, volunteer firefighters, and Peace Corps volunteers, and for other purposes.’  I’m speechless. Are you mad yet?

 

 

 

  • From 1813 to 1907, the U.S. dollar appreciated in value. What cost one dollar in 1813 cost only 48 cents in 1907. In 1913, the Federal Reserve was formed, ostensibly to provide financial stability and “fight inflation.” Since then, the value of a dollar has all but vanished, as what cost one dollar in 1913 cost $20.73 in 2007; the dollar has lost 95.2 percent of its value under management of the Fed.’

 

 

 

  • When Taysir Saada served as a trained assassin for Yasser Arafat’s Fatah organization in the late 1960s, he admits he hated Christians. If he found a home belonging to followers of Jesus, he would sometimes throw a grenade inside and shoot it up with bursts of machine-gun fire. Today a non-uniformed Saada, now known as Tass, patrols the dangerous Hamas-dominated streets of the Gaza Strip – no longer hunting down Christians or bearing arms; the Palestinian-American has traded in his automatic weapons and grenades for the Bible, humanitarian service and apologies to Arab Christians he once persecuted.’

  • It’s a bird! It’s a plane! It’s … Metal Mass!—‘ In Finland, heavy metal music is already part of mainstream culture.  But it seems its growing popularity knows no bounds. One metal band has taken to touring the country’s churches, giving concerts during services. And the pastors are loving it, as more and more young people are flocking to churches.’

 

 

 

  • Here is a short synopsis of how the Federal government’s Community Reinvestment Act is the primary contributor to the current credit crisis.

 

 

 

  • New research has added three more victims to the previous count of 133 people who are said to have lost their lives at the cold war boundary that once divided [Berlin] into four sectors that were controlled by the American, French, British and Russians respectively.’

 

 

 

Friedrich Hayek’s words about the failed economic policies which led to and exacerbated the Great Depression in 1932 are just as relevant to-day:

‘Instead of furthering the inevitable liquidation of the maladjustments brought about by the boom during the last three years, all conceivable means have been used to prevent that readjustment from taking place; and one of these means, which has been repeatedly tried though without success, from the earliest to the most recent stages of depression, has been this deliberate policy of credit expansion. … To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about…’ 

 

 

 

 

 

 

  • One of the more prominent ‘Lesser of Two Evils’ arguments used for voting for (bad) Republicans is the emphasis on Supreme Court judge nominations. However, the historical evidence shows that some (most?) of the worst judges on the court were appointed by Republicans.

 

To-day’s 1980’s Moment is brought to you by: Simple Minds

  

Don’t Flip Your Whig

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‘When Peter saw this, he said to them: “Men of Israel, why does this surprise you?’ ~ Acts 3:12a

 

  • According to conservative columnist Kathleen Parker, it appears that the bloom is off the Palin Rose: ‘Palin’s recent interviews with Charles Gibson, Sean Hannity, and now Katie Couric have all revealed an attractive, earnest, confident candidate. Who is clearly out of her league.’

 

Case in point: This is what I have labelled the Moose-in-the-Headlights Interview.

(It’s just plain painful to watch.)

 

 

 

‘This [Federal Reserve Act] establishes the most gigantic trust on earth. When the president [Woodrow Wilson] signs this bill, the invisible government of the monetary power will be legalised… [T]he worst legislative crime of the ages is perpetrated by this banking and currency bill… From now on, depressions will be scientifically created.’ ~ Congressman Charles A. Lindbergh, Sr. (1913)

 

 

 

 

 

‘[Economic conquest] … takes place when nations are placed under “tribute” without the use of visible force or coercion, so that the victims do not realize they have been conquered. “Tribute” is collected from them in the form of “legal” debts and taxes, and they believe they are paying it for their own good, for the good of others, or to protect all from some enemy. Their captors become their “benefactors” and “protectors”… The government will own nothing, the people will own nothing, and the banks will own everything.’

 

 

  • I almost fell out from underneath my tinfoil hat this morning when I read the following headline: ‘China Fakes Report from Space.’ Wait a minute! I thought that kind of talk was just conspiracy theory gobbledy-gook?!

 

 

 

 

 

 

  • The world no longer has the capacity to absorb fake U.S. dollars.’  ~  Iranian President Mahmoud Ahmadinejad

 

 

I think NFL Hall of Fame quarterback John Elway and Tom Petty were twins who were separated at birth.

 

John Elway

 

Tom Petty

 

See what I mean?!

 

Don’t Tear Down Your Storehouse

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‘A generous man will prosper; he who refreshes others will himself be refreshed.’  ~ Proverbs 11:25

 

Funny search engine terms used to find my blog:

  • reo speedwagon occult symbolism  [Riding the cult out…]

  • iranian fried chicken  [May I have some yardbird with my couscous?]

  • the ayers family korea  [I always knew Kevin had a lot of Seoul.]

 

 

  • A suggestion for the moms: A friend of mine returned from taking her grandchildren to the children’s museum at Baylor University and could not stop singing its praises. Perhaps a WPC Moms group field trip should be planned?

 

 

 

 

 

 

How much of the rise in gas prices is attributable to the overall rise in prices caused by dollar inflation? One way of finding out is to measure the price of gasoline in terms of “constant” dollars instead of nominal dollars. For instance, in 1971 – the year is significant because that was when President Richard Nixon took us totally off the gold standard – a gallon of gasoline that cost 50 cents a gallon would cost $2.66 today in 1971 dollars, as calculated by the Consumer Price Index. … [C]omparing the cost of a gallon of gas to “real money” like silver – the value of a gallon of gas is relatively unchanged. The cost of a gallon of gas in terms of the fake, inflation-roasted dollars we all must use, well, that’s another story.’

 

 

 

 

 

 

 

 

 

  • The U.S. national debt ‘has reached $455,000 per U.S. household. As that debt grows, the United States increasingly relies on foreigners, including China and Middle East oil producers, for financing.’

 

 

 

  • Glenn Beck used to ridicule Ron Paul’s economic warnings. Now, like others who have the courage to face the truth, Beck is singing the good doctor’s praises:

 

 

 

 

 

 

 

 

 

  • Reduce your standard of living now (while the situation is still under control), greatly increase your savings (in gold, which is real money) and rig for greatly changed patterns of production, consumption, employment and business for a considerable time. The hurricane that’s just starting to hit the economy will both trigger and worsen problems in other areas. Starting with politics, because nearly everyone today believes the ridiculous notion that the government should guide the economy.’

 

To-day’s 1980’s Moment is brought to you by: Texas’ own Christpher Cross (and his sweet Earl Campbell Houston Oilers jersey!) 

 

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Island + Rising = A Moveable Feast

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‘This means that it is not the children of the flesh who are the children of God, but the children of the promise are counted as offspring.’ ~ Romans 9:8

   

   

   

  • ‘[T]he war will soon assume a turn to extermination not of soldiers alone, that is the least part of the trouble, but the people . . . . There is a class of people, men, women, and children, who must be killed or banished.’  ~  Gen. William T. Sherman

   

  • ‘Time to listen to Texas Congressman Ron Paul, the lone voice of reason in Congress today who’s got to feel like he’s shouting into a field of cotton with his repeated warnings about the dangers of a collapsing dollar, while the administration goes AWOL on the problem.’ 

   

  • A dying 10 year-old gets her wish to have her prisoner father released long enough to visit her on her deathbed: ‘Jayci, who cannot speak, move or eat, could sense that her father was next to her and feel his touch, because she began breathing more heavily during his visit, the family told FOX News.’ 

   

  • ‘Money with them [congressmen] is nothing but trash when it is to come out of the people. But it is the one great thing for which most of them are striving, and many of them sacrifice honor, integrity, and justice to obtain it.’  ~ Congressman Davey Crockett

   

  • There is good news to be had!  A recent study indicates that the traditional (and, I may add, Biblical) family model is making a resurgence. 

   

Oprah Winfrey identifies herself as a Christian. But she says that, when she was a young woman, she was disturbed by a pastor’s declaration that the God of the Bible is a jealous God. “And something about that didn’t feel right in my spirit because I believe that God is love and that God is in all things,” she told her television audience. “And, so, that’s when the, the, the search for something more than doctrine started to stir within me.”

   

   

   

  • The last French World War I veteran passed away recently at the age of 110.  ‘More than anything, he was appalled that he had been made to fire on people he didn’t know and to whom he, too, was a stranger. These were fathers of children. He had no quarrel with them. C’est complètement idiot la guerre. His Italian Alpine regiment had once stopped firing for three weeks on the Austrians, whose language many of them spoke; they had swapped loaves of bread for tobacco and taken pictures of each other. To the end of his life, Mr Ponticelli showed no interest in labelling anyone his enemy. He said he did not understand why on earth he, or they, had been fighting.’ 

   

  • Update:  New evidence has surfaced in the D. B. Cooper case.  The FBI is analyzing a torn, tangled parachute found buried by children in southwest Washington to determine whether it might have been used by famed plane hijacker D.B. Cooper, the agency said Tuesday.’ 

   

  • Marko Kulju, 26, faces seven years in prison and a fine of $19,100 if convicted of stealing pieces of the right earlobe from a Moai, one of numerous statues carved out of volcanic rock between 400 and 1,000 years ago to represent deceased ancestors.’ 

   

  • Andrew Sullivan explains ‘Why Ron Paul Still Scares the GOP’:  ‘When his fellow candidates denounced big government, Paul was there to remind them that President Bush and the G.O.P. Congress had shattered spending records and exploded the deficit.  When they hailed freedom, Paul asked why they all supported the Patriot Act and other expansions of executive power.  And when they called themselves conservatives, Paul asked what was so conservative about sending thousands of young Americans to try to transform the Middle East.’ 

   

  • ‘During a campaign stop yesterday in Greensboro, North Carolina, Senator Obama told the audience that he believes he “can have everlasting life” because Jesus Christ died for his sins. But he then told a questioner that he believes Jews and Muslims who live moral lives are just as much “children of God” as he is.’ 

   

  • ‘Skulls. Black cats. A naked woman riding a killer whale. Grim reapers. Snakes. Swords. Occult symbols. A wizard with a staff that shoots lightning bolts. Moons. Stars. A dragon holding the Earth in its claws.’ 

To-day’s 1980’s Moment is brought to you by: REO Speedwagon

Sunday, Monday, Happy Days…

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‘One person esteems one day as better than another, while another esteems all days alike. Each one should be fully convinced in his own mind.’  ~ Romans 14:5  

  • As I have mentioned many times, there are going to be a lot of surprised folks at the Republican National Convention this fall. The primaries/ caucuses are NOT the end of the process!  From Washington State: ‘While there are no hard figures yet, County GOP Chairman Chet Dow said it appears that Paul has received the majority of delegates who will be sent to the summer state convention in Spokane. From there, delegates will be selected for the national Convention.’  And in Missouri: ‘A Ron Paul volunteer and organizer in Kansas City confirms that the Jackson County Republican caucus elected a nearly-complete slate of Paul delegates at its convention Saturday.’

 

 

  • The R3VOLution spreads! Dr Paul’s influence has been felt and his ideas of liberty, peace, and financial responsibility are catching on. Even news outlets that wouldn’t give him the time of day are carrying his new weekly column.

 

 

 

  • My neighbor got a tattoo. After examining the bluish-green lizard on his teenage bicep, I said with my usual tact and sensitivity, “Hope you like it 30 years from now.’”

 

 

 

 

 

 

 

 

 

  • To-day’s ‘Land of the Free’ Report: ‘Each year, federal agents peek at the financial transactions of millions of Americans — without their knowledge.’

 

 

 

  • Ninety percent of our students [at Patrick Henry College] come from homeschooling backgrounds, and are very motivated,” says Michael P. Farris, the founder and chancellor of the school.

 

 

 

Q. 14. What is sin?
A. Sin is any want of conformity unto, or transgression of, the law of God. (Westminster Shorter Catechism)

 

 

  • ‘Americans in general… [mistakenly believe] the Japanese attack at Pearl Harbor on December 7, 1941, and the German declaration of war on December 11, 1941… [are] dispositive evidence that Japan and Germany started the war that ensued between these nations and the United States.’

 

 

 

 

 

 

 

To-day’s 1980’s Moment is brought to you by: Huey Lewis and the News