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  • Social Security: A Ponzi Scheme?
    The system supports the retirement payments of one retiree by taxing five workers currently.

    With one American babyboomer turning age 60 every 8 seconds it will move the tax-distribution ratio to 1:1 within 20 years.

    That's one retiree supported by one worker.

    The current generation of workers will never get their contributions back in total.

    And that's not Ponzi?
    Dec 30 09:49 am |Rating: +3 -1 |Link to Comment |View article
  • Chesapeake Energy Unable to Rally Even After Positive News
    Bear markets return stocks to their rightful owners.
    Dec 24 09:50 am |Rating: +1 0 |Link to Comment |View article
  • Is America on a Downward Slope?
    I agree with an abundance of your essay, however....

    You tell us not to trust politicians and corporate CEO's and then you say we need to create a bi-partisan commission with the authority to create solutions to our $53 trillion in unfunded liabilities>

    Where are you going to get these honorable people who will make up this bi-partisan commission? Hmmm?

    Creating humans from the DNA of Washington, Jefferson and Adams might be a start, but that isn't in the cards; and indeed, if they were to be educated in America's government-controlled system, they wouldn't be any better than the "experts" presently offering solutions to our current woes.

    Back to the drawing board.
    Dec 10 09:28 am |Rating: +3 0 |Link to Comment |View article
  • Canadian Royalty Trusts in Need of an American Revolution
    LOL. Obama's rhetoric is not worth the hot air used to generate it. He will not defend fossil fuels. He is owned by the greenies. Put propellers on the drilling rigs and you may have a case. Even with that, when your political philosophy is equalized outcomes, you cannot defend anyone wanting to invest and get ahead of the pack. So he will keep his mouth shut.
    Nov 26 08:58 am |Rating: 0 0 |Link to Comment |View article
  • Canadian Royalty Trusts Will Never Return to Their Former Glory
    Dirkson was a bigger thinker. His comment was focused on billions rather than millions. Were he alive today, he might faint at what his colleagues and Illinois successor were throwing around - trillions here and trillions there.
    Nov 24 07:42 am |Rating: +3 -2 |Link to Comment |View article
  • The Honeymoon Is Over: Gauging the Market with an Obama Presidency
    You said:

    "One thing that did disturb me in what was quite a brilliant victory speech was the mention that issues we face in our economy and nation may take more than one term in office. I’m sorry, but the American people no longer have the patience for inaction by policy makers to drag out the change we voted for."

    There are 55 million Americans who did not swallow the Obama Kool-Aid. Speaking for myself, I can only hope his statement is the truest one uttered by him in at least 21 months. He promised more than he could payoff, but the pandering got him the votes he needed to get elected.

    But to be fair, the only difference between him, the Democrats collectively, and the Republicans collectively is the speed with which they will bankrupt the nation and confiscate our individual wealth through monetization of the ever increasing debt.

    "We cannot borrow our way into prosperity."
    Nov 07 09:44 am |Rating: +2 0 |Link to Comment |View article
  • High U.S. Corporate Taxes Are a Myth
    "to screw the populace and avoid paying taxes. These people are referred to in the venacular as Republicans."

    I think you are thinking with your a$$. Congress - in the plural - writes the tax laws of this nation. Last time I checked, it was not a Republican only club.

    Reasonable and educated people know that both sides of the isle play the game with favored tax treatment among the lobbyists of industry groups. Float a trial balloon about taking away a special tax favored status or hint that a new tax will be instituted and receive cash for the kitty. This is how they "earn" the money for their reelection campaigns. And we applaud them for sending a few pigs ears home by reelecting them over and over again. That is insanity.
    Oct 16 09:10 am |Rating: 0 0 |Link to Comment |View article
  • The Beginning of the Endgame for Monetary Policy, Redux
    Paul,
    What's up with life insurance?
    Oct 09 10:06 am |Rating: 0 0 |Link to Comment |View article
  • Why the Financial Markets Haven't Responded
    Read Marx again. Now that the credit system is owned by the government, you communists only need to grab control over the healthcare industry to achieve what he couldn't during his miserable lifetime. #9 domino down. #10 leaning. One presidential election to go. God forbid.
    Oct 09 08:38 am |Rating: 0 0 |Link to Comment |View article
  • Seven Thoughts on Capitulation
    It's hard to resist picking up shares of good franchises trading at 40% of book value. Waiting to pick them up at 30% might be seen as being greedy.
    Oct 08 08:29 am |Rating: 0 0 |Link to Comment |View article
  • Bailout Bill: Second Verse, Same as the First
    I doubt the banks are excited to pay the additional FDIC insurance premiums. Or did that one get tossed in for the bank lobby with the other bologna, sorry, pork?
    Oct 02 19:56 pm |Rating: 0 0 |Link to Comment |View article
  • The Secret Villain Behind Our Economic Collapse
    LCACM,
    What else can you blame Bush for before he leaves office? Pile on. It will make you feel good.
    Sep 26 13:17 pm |Rating: 0 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    Heads need to roll at the SEC. This crisis lands right at their door.

    From John Mauldin (9/19/08):

    Want to get really mad? Up until 2003, all investment banks were allowed only 12 to 1 leverage. Then in 2004, the SEC basically gave five banks (and only five banks) the ability to lever up 30 or even 40 to 1. Bet you can guess the five banks. Bear, Lehman, Merrill, Morgan and Goldman. Three down.

    As Barry Ritholtz wrote: "So while the SEC runs around reinstating short selling rules, and clueless pension fund managers mindlessly point to the wrong issue, we learn that it was the SEC who was in large part responsible for the reckless leverage that led to the current crisis."
    Sep 23 09:00 am |Rating: 0 0 |Link to Comment |View article
  • Energy Firms Should Look to U.S. Shale - Barron's
    steve ward

    I thought Picken's had substantial water rights in the Panhandle of Texas and a pipeline to move it. If so. how timely can that be?
    Sep 01 22:56 pm |Rating: 0 0 |Link to Comment |View article
  • Obama's Green Promise
    I have read two books recently that scare the daylights out of me..

    Mark Steyn, America Alone, The End of the World as We Know It (about Islamists outbreeding the Western World 8 kids per family vs 2.1:1)

    Jerome Corsi, The Obama Nation (Obama's experience - not a lack of it - is what we should be concerned about and CHANGE = wealth redistribution ala Saul Alinsky "slowly, quietly, gently, so they will agree to it with little objection)

    Read them before you vote in "08.
    Sep 01 22:39 pm |Rating: 0 0 |Link to Comment |View article

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