Tuesday, December 21, 2010

THE TRUTH ABOUT...

The truth is that inflation is already out of control, and the Fed is on the run. It cannot stop the US economy from sliding into the second dip, because zero interest rates do not generate the real savings required for economic regeneration. The Fed cannot stop the banks going bust, because enough of them are bust already to bring down the others; but it can delay recognition of the fact by pressing the button marked “Print”, and keeping it pressed for as long as it takes. And that is what will surely happen.- Alasdair Macleod, 08 December 2010

THE TRUTH ABOUT UNEMPLOYMENT





ON NUCLEAR ENERGY...

Let’s begin by understanding that the scale of the energy stored at the nucleus of the atom is so great — so completely unlike anything in human history — that people are having a hard time understanding it. Everybody thinks of the atom in terms of a big, big bomb. But that’s the wrong approach. You have to think of it as a small, small amount of matter producing almost unimaginable amounts of energy. That’s what makes uranium so easy on the environment — because it takes only a very small quantity of material to produce statewide levels of electrical power.


Let’s look at some numbers. Fossil fuels, as you know, are a concentrated form of solar energy. Plants capture sunlight and use it to create long hydrocarbons. When these plants or algae are fossilized over millions and millions of years they become oil, coal and gas. In the process, the energy is concentrated. Coal has about twice the energy density of wood and oil and natural gas are about double the density of coal.

Sunlight and wind and so-called “renewables” are even more dilute than wood, by a factor of about 10 to 50. When you’re thinking in terms of industrial quantities, the amount of sunlight falling on any square yard of earth is miniscule — about enough to power one 100-watt light bulb. That means collecting solar energy consumes huge amounts of land. If we covered every building in the country with solar panels, we could probably get enough electricity to supply our indoor (about 8 percent of our consumption) — and that only in the daytime. The solar thermal plants being considered in Florida and California — where they used mirrors to concentrate sunlight to boil water — will cover a hundred or more square miles to match one coal or nuclear plant. We’re building these things because the federal and state governments are providing huge tax subsidies and many states are even mandating that utilities buy the power. But once the size and expense of these projects becomes clear, a lot of people are going to start to object.

The same goes for wind farms, which will also cover hundreds of square miles with 65-story structures. The problem with wind is that it is totally unpredictable and very difficult to integrate onto an electrical grid. At least solar electricity is there when you need it — on hot sunny days when everyone turns on the air conditioning. Wind comes and goes at it pleases but tends to blow hardest when it’s not needed — at night and during the spring and fall. Biofuels, another form of “alternate energy,” ran into trouble last winder when people suddenly became aware of the huge amounts of land they consume. We’re now fomenting 30 percent of the corn crop and replacing only 3 percent of our oil — plus pushing up world food prices. The U.N. is calling biofuels a “crime against humanity.” Supporters talk about “cellulose ethanol” but it’s never been done and they’ve been trying for almost a hundred years.

Now let’s look at nuclear. Remember, when we talked about the energy density of fossil fuels and renewables we talked in factors of 2 thru 50. Do you know what the density factor is for uranium? It’s 2 million. A pound of uranium gives you 2 million times as much energy as a pound of coal. That means you can run a whole city for a week with a lump of uranium you can hold in one hand. In fact a 110-car “unit train” of coal has more energy in the uranium traces in the coal than in the coal itself.

Let’s see what this means in practice. The average 1,000-megawatt coal plant must be fed by a unit train arriving at the plant every day. Such trains now leave Cheyenne, Wyoming every 12 minutes carrying coal from the Powder River Basin to power plants from Nevada to Arkansas. More than half the nation’s rail freight is now coal. In fact, it’s straining the whole infrastructure and we may have to build new rail lines before long.

Now lets’ look at nuclear. A 1000-MW nuclear reactor is refueled by a single tractor-trailer arriving at the plant once every eighteen months. The fuel rods are only mildly radioactive and can be handled with gloves. Over their four-and-a-half-year life cycle those fuel rods will put zero greenhouse gases into the atmosphere. Meanwhile, the coal plant across town will spew 3 million tons of carbon dioxide into the atmosphere. That’s why we have a problem of global warming.

Where does all this energy come from? To understand, you have to look at Einstein’s famous formula, E = mc2. Everybody knows about it — Mariah Carey named her latest album after it — but how many people understand exactly what it means?

E = mc2 means matter can be transformed into energy and energy can be transformed into matter. The important thing is that co-efficient — the speed of light squared. That’s a very, very large number — about one quadrillion. That means a very, very small amount of matter can be transformed into a very, very large amount of energy. That’s what happens when we put uranium in a nuclear reactor.

Burning fossil fuels also involves transforming matter into energy, but those reactions are “chemical,” meaning they take place in the electron shell. Electrons make up 1/1800th of the mass of an atom so there isn’t that much matter there. The other 1,799/1,800ths is in the nucleus, where the protons and neutrons reside. (You remember all this from high school, right?) That’s why transformations in the nucleus release such extraordinarily large quantities of energy — 2 million times what we can get from fossil fuels and 10-to-100 million times what we can get from wind and solar energy. The result is an impact on the environment that is two to twenty million times smaller. That’s why nuclear power — the greatest scientific discovery of the 20th century — is also the best friend the earth’s natural environment ever had.

So what can possibly be wrong with nuclear power? Is it prohibitively dangerous? Is a nuclear reactor an atomic bomb waiting to explode? And the perennial question — what are we going to do with all that horrible nuclear waste?

Let’s start with the idea that a reactor can explode. The next time someone asks you this, answer them, “Do you have a jar of Vaseline at home in your medicine cabinet? And if so, do you lie awake at night worrying that it’s going to explode like a jar of napalm and set your house on fire?” Look on the side of the Vaseline jar. It says “petroleum jelly.” It’s made out from oil. What is napalm? It is jellied gasoline. Can’t Vaseline blow up like napalm? Obviously not. But why? Because they contain different fractions of petroleum with different volatilities.

It’s the same with uranium. There are two types of uranium — “isotopes,” as we say. (They have different numbers of neutrons.) U-238 (238 neutrons) makes up 99.3 percent of the natural ore. It sheds a couple of protons occasionally but its half-life is 5 billion years and it’s relatively harmless. (The longer the half-life, the less “radioactive” an element is.) Uranium-235 is the powerhouse. It can split in half — “fission” — releasing huge amounts of energy. But U-235 constitutes only 0.7 percent of the natural ore. It’s so sparse it can’t undergo the “chain reaction” that leads one breakdown of an atom to produce others.

As a result, in order to set of a chain reaction you have to “enrich” the U-235 to a higher percentage than the natural ore. This is extremely difficult because it can’t be done chemically — they both have the same chemical properties. Instead, you have to build a factory the size of a Ford plant and separate them by various techniques such as running them through magnetic fields or whipping them around in centrifuges. That’s what we did in the Manhattan Project.

But there are different degrees of enrichment. In order to produce the nice calm chain reaction you get in a nuclear reactor — enough heat to boil water — you enrich the U-235 from 0.7 to 3 percent. That’s reasonably doable. In order to enrich up to bomb-grade material, however, you have to enrich to — can you guess? — 90 percent. That takes a long, long time and a lot of work. The Iranians have been trying to do it for years and haven’t gotten very far. But that’s the reason a nuclear power plant can’t blow up like a bomb. It’s like the jar of Vaseline in your medicine cabinet — there’s not nearly enough of the key ingredient in there to explode. It’s also the reason why it’s much more difficult to build a nuclear weapon than most people imagine.

Now how about that matter of “nuclear waste?” Once again it pays to know what you’re talking about. Basically, there is no such thing as “nuclear waste.” It’s not like you’re burning coal — where you end up with gargantuan amounts of something you can’t use, like carbon dioxide. Nearly all the material in a spent fuel rod is recyclable or easily handled. Ninety-five percent of a spent fuel rod is U-238 — the same natural uranium that comes out of the ground. We could just put it back where it came from. The other 5 percent is fissionable U-235 (1 percent), various “fission products” from the breakdown of U-235 (2 percent), plus a group called the “minor actinides” which are formed when U-238 is transmuted into heavier, man-made elements (2 percent). Among the minor actinides is plutonium (1 percent), one of whose isotopes can be used for making bombs.

So why are we do we need Yucca Mountain, a huge repository designed to “bury” 77,000 tons of “nuclear waste,” when 95 percent of the material is non-fissioning natural uranium? We’re doing it because in 1976, President Jimmy Carter — a President many people feel Barack Obama may eventually resemble — got cold feet and outlawed the reprocessing of spent fuel. Instead of treating it in an environmentally efficient way and recycling, we ended up with huge, mixed-up gobs of material that we can’t think of anything to do with except “throw it away.”

Almost everything in a spent fuel rod can be recycled. The U-235 can be used again for fuel. So can the plutonium. Among the fission products and minor actinides there are lots of useful isotopes used in medicine and industrial procedures. Forty percent of all medical procedures now involve some radioactive isotope and nuclear medicine is a $250-billion industry. Unfortunately, we must now import all our medical isotopes from Canada because ours are all being treated as “nuclear waste.”

The French have complete recycling. (I know you talk about France’s nuclear power a lot but I doubt you know this.) They take plutonium from spent fuel, mix it with uranium depleted by enrichment, and call it “mixed oxide fuel.” It’s sold all over Europe and Japan. They’re also importing bomb-grade uranium from old Russian nuclear weapons, mixing it with the tailings from uranium mines (another “waste product”) and shipping it to the United States of America as reactor fuel. It’s a treaty engineered by your old colleagues Senators Pete Domenici and Sam Nunn in the 1990s. One out of every ten light bulbs in America is now being lit by a former Soviet weapon! It’s the greatest swords-into-plowshares effort in history — although very few people know about it. Things nuclear, of course, are not the subject of polite conversation.

So what’s left when all this reprocessing is done? Essentially nothing. All of France’s nuclear waste from 25 years of producing 75 percent of its electricity is stored beneath the floor of one room at Le Hague. The lifetime output for each French citizen would fit in a soda can. That’s what the incredible energy density of nuclear power can do for the environment.

Want to hear one more irony? The reason we gave up reprocessing in the 1970s was because we thought we were stopping nuclear proliferation. The idea had gotten around that terrorists or somebody from another country would steal plutonium from an American reactor and use it to make a bomb. As it turns out, proliferation has not taken this route. Countries that wanted nuclear weapons — China, India, Pakistan, North Korea, Iran, Israel and South Africa — have built their own reactors or smuggled material from friendly countries.

But that’s not the real irony. The most preposterous thing is you can’t build a bomb from the plutonium in a commercial reactor. You have to build a special reactor for making only bomb material. (That’s what the Russians were doing at Chernobyl.) The reason is this. There are four plutonium isotopes produced in a commercial reactor. Only one of them — Pu-239 — can be used to make a bomb. The others are too fissionable or not fissionable enough. They “poison” the chain reaction by going off too slowly or too quickly. At best you can get a bomb maybe big enough to blow up a single building. (The terrorists have already figured out how to do this with airplanes.) In order to separate the plutonium isotopes, you’d have to build an enrichment plant far more complicated than the ones used to enrich uranium. Nobody has ever done it. So plutonium from our reactors is essentially useless, except for producing more electricity.

Nuclear experts knew this all along but nobody ever listens to them. In fact, this whole country is filled with nuclear engineers and scientists who know that nuclear power is the greatest gift ever bestowed on humanity but most of them have quit trying to make their case. Instead, the discussion is dominated by the Ralph Naders and Robert Redfords and Sierra Club tyros who basically don’t know what they’re talking about.

So there you are, Senator. Nuclear power is humanity’s next great industrial advance. It’s going to give us a whole new, clean source of energy that will scale to our industrial society. It will even give us enough electricity to convert our transportation sector to electric or hydrogen cars. It will free us from foreign oil, provide enough good jobs for tens of thousands of construction workers and highly skilled nuclear operators and engineers — and cure global warming as well! What more could you ask? What better platform to run for president in 2008?

And in case you’re listening, Senator Obama, you too should shed that half-hearted endorsement of nuclear power and embrace it as the technology of the future. It will be the only thing that that will set us on the right path for solving the nation’s problems if you become president.

Yours truly,

William Tucker

— William Tucker is author of Terrestrial Energy: How Nuclear Power Will Lead the Green Revolution and End America’s Energy Odyssey.

Thursday, December 16, 2010

If we want to keep our nation's secrets SECRET, store them where President Obama stores his college transcripts and birth certificate.- Governor Mike Huckabee... concerning WikiLeaks

It’s taken almost two centuries for bankers to pull the wool over Americans’ eyes, but today you and I are working for intrinsically worthless paper that can be created by bureaucrats — created without sweat, without creative ability, without work, without anything but a decision by the Federal Reserve. This is the disease at the base of today’s monetary system. And like a cancer, it will spread until the system ultimately falls apart. This is the tragedy of the great lie. The great lie is that fiat paper represents a store of value, money of lasting wealth.- Richard Russell

The money power preys upon the nation in times of peace, and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces as public enemies, all who question its methods or throw light upon its crimes. It can only be overthrown by the awakened conscience of the nation.- William Jennings Bryan


Pooped In Your Pants Again?  Uncle Bubba Will Take Care Of it!!!

One WIMP....

Followed By Another


Wednesday, December 8, 2010

German View of Islam

This is by far the best explanation of the Muslim terrorist situation

The author of this is said to be Dr. Emanuel Tanay, a well-known and

well-respected psychiatrist.

A man, whose family was German aristocracy prior to World War II,

owned a number of large industries and estates. When asked how many

German people were true Nazis, the answer he gave can guide our attitude

toward fanaticism. 'Very few people were true Nazis,' he said, 'but many

enjoyed the return of German pride, and many more were too busy to care.

I was one of those who just thought the Nazis were a bunch of fools. So,

the majority just sat back and let it all happen. Then, before we knew

it, they owned us, and we had lost control, and the end of the world had

come. My family lost everything.. I ended up in a concentration camp and

the Allies destroyed my factories.'

We are told again and again by 'experts' and 'talking heads' that

Islam is the religion of peace and that the vast majority of Muslims

just want to live in peace. Although this unqualified assertion may be

true, it is entirely irrelevant. It is meaningless fluff, meant to make

us feel better, and meant to somehow diminish the spectre of fanatics

rampaging across the globe in the name of Islam.

The fact is that the fanatics rule Islam at this moment in history. It

is the fanatics who march. It is the fanatics who wage any one of 50

shooting wars worldwide. It is the fanatics who systematically slaughter

Christian or tribal groups throughout Africa and are gradually taking

over the entire continent in an Islamic wave. It is the fanatics who

bomb, behead, murder, or honour-kill. It is the fanatics who take over

mosque after mosque. It is the fanatics who zealously spread the stoning

and hanging of rape victims and homosexuals. It is the fanatics who

teach their young to kill and to become suicide bombers.

The hard, quantifiable fact is that the peaceful majority, the 'silent

majority,' is cowed and extraneous.

Communist Russia was comprised of Russians who just wanted to live in

peace, yet the Russian Communists were responsible for the murder of

about 20 million people. The peaceful majority were irrelevant. China's

huge population was peaceful as well, but Chinese Communists managed to

kill a staggering 70 million people.

The average Japanese individual prior to World War II was not a

warmongering sadist. Yet, Japan murdered and slaughtered its way across

South East Asia in an orgy of killing that included the systematic

murder of 12 million Chinese civilians; most killed by sword, shovel,

and bayonet.

And who can forget Rwanda, which collapsed into butchery. Could it not

be said that the majority of Rwandans were 'peace loving'?

History lessons are often incredibly simple and blunt, yet for all our

powers of reason, we often miss the most basic and uncomplicated of

points:

Peace-loving Muslims have been made irrelevant by their silence.

Peace-loving Muslims will become our enemy if they don't speak up,

because like my friend from Germany, they will awaken one day and find

that the fanatics own them, and the end of their world will have begun.

Peace-loving Germans, Japanese, Chinese, Russians, Rwandans, Serbs,

Afghans, Iraqis, Palestinians, Somalis, Nigerians, Algerians, and many

others have died because the peaceful majority did not speak up until it

was too late. As for us who watch it all unfold, we must pay attention

to the only group that counts--the fanatics who threaten our way of

life.

LIBERALISM...THE STUFF WE DON'T NEED AS A FREE SOCIETY

It is absolutely bizarre that the very people who can't tell us what the weather will be next Tuesday, can predict with absolute precision what the global temperatures will be in 100 years' time. They're simply not believable... or credible. - Michael O'Leary, Ryanair CEO

The lemmings that brought the illegal alien to power...



Thursday, November 11, 2010

Let's work on you before telling us what we can and can't eat...

Do these pants and thong make my butt look big?

CLOSE ENOUGH TO A MANDATE AND ONLY A GREAT START...



THE HOUSE POST 02NOV10...NOTICE MICHIGAN...IT IS BLUE ONLY IN WELFARE ALLEY

STATE LEGISLATIONS POST 02NOV10

YOU WILL BE KICKED OUT TOO...IF


Thursday, November 4, 2010

HOPE THIS HOPE IS GONE SOON...Tuesday, 02Nov10, Was A Start


SAW ON CAR TODAY...


Bumper sticker of the day:

Does this ass (picture of Obama) make my car look bigger?



And California Does Not Get It


Saturday, October 30, 2010

FROM A TRUE AMERICAN THAT I HAD THE PLEASURE TO WORK WITH IN AFGHANISTAN...AND A GOOD FRIEND

Hey Buddy

How are you and the family ? All's ok here in the mountains of America...still wish I was in Afghanistan though.....I sure loved what I was doing and the resulting effect it had on our war fighters. Nice to be here with my family, but the more I'm around these so called American's running around here with their hands out and mouths open..it makes my blood boil. There are far to many humans alive wandering this earth with not a clue as their responsibilities as a society and to that society, sad thing is they just don't care as long as someone else pays their bills. That's what happens to criminals families when they get locked up we pay for them to survive and for the ignorant one in jail to survive...same for illegals, they start costing American wage earners as soon as they walk accross the border. Seems to me we as a Nation should give the same respect we receive from other countries, lock them up, no food, no electricity, no water...I mean if they brought all these things with them in their backpacks, more power to them. But most bring drugs, bad attitudes, criminal behavior, so why do we, as a Nation, cater to these criminals ???

When most people in a free country are immigrants or come from immigrant elders, it's hard to rock the boat...speaking from my heart. So this is the door that is being utilized by corrupt politicians, and so called leaders of the free world to acheive, sustain, and abuse powers granted them by those that placed their trust with these so called trustworthy individuals. "Truth" being an abstraction, can only be harmful if , after exiting the mouth of a politician, is believed....(this should be the disclaimer shown before any politician speaks)...

True Americans are sacrificing their lives every hour for the sake of a better future for all, not just the American way of life, for all. Liberty was not given, it is earned, Honor is not a trait, it is a characteristic of ones self, Loyalty to ones country is not to be traded as currency, it is felt to the core of ones being....Faith is the only GOD given characteristic we all should recognize...in any color, language, or word.....sad thing this human tragedy we live, sad thing at that...GOD BL

HERE AND THERE OF LIBERALISM

Had you been reading The Wall Street Journal in autumn '71," Frank Byrd, director of research at Fielder Research & Management, reminded the Grant's conference-goers, "there would have been almost no clue that inflation was at hand... "But suddenly, within 18 months, a tremendous inflation emerged," Byrd went on. "In response, the Fed tightened aggressively--hiking [the] fed funds [rate] from 4% to 10% within a year and a half. But it was too late. Huge imbalances had been building behind a wall of price and capital controls. When the dam finally broke, the Fed's sand castles were no match for the crushing wave of inflation. CPI tripled from 4% to 12% within two years." Not only could it happen again, it is happening at this very moment.- Jim Grant, Grant's Interest Rate Observer

BERNIE MADOFF


MADOFF
Takes money from investors with the promise that the money will be invested and made available to them later.  Instead of investing the money Madoff spends it on nice homes in theHamptons and yachts.. When the time comes to pay the investors back Madoff simply uses some of the new funds from newer investors to pay back the older investors.   When Madoff's scheme is discovered all hell breaks loose. New investors won't give him any more cash.  Bernie Madoff is in jail.

SOCIAL SECURITY
Takes money from wage earners with the promise that the money will be invested in a "Trust Fund" and made available later.  Instead of depositing money in a Trust Fund the politicians use it for general spending and vote buying.  When benefits for older investors become due the politicians pay them with money taken from younger and newer wage earners to pay the geezers.  When Social Security runs out of money they simply force the taxpayers to send them some more.  Politicians remain in Washington.

Monday, October 25, 2010

"Shovel Ready"...Yeah, Right...Joe Wilson Was Right...He LIED!!!!


With the Ilegal One's "vision for space", you better learn to open it yourself...

NPR and The View...Liberal tolerance at their best

Tuesday, October 19, 2010

The Numbers That Matter

Carol Platt Liebau

As the election draws ever nearer, let's keep our eye on the ball. Polls are interesting, exciting and often predictive, but these are the numbers that matter most to regular Americans:

President Obama and the Democrats enacted $352 billion in net tax hikes.

The national unemployment rate Is 9.6%.

The real unemployment rate -- including those forced to work part-time because they can't find full-time work iIs 17.1%.
Since the stimulus was passed, the US has lost 2.6 million jobs.

January 1st will bring the biggest tax increase in history, including higher death taxes and higher taxes on personal income, marriage and family, and savers and investors. Capital gains will rise from 15% to 20%; taxes on dividends will rise from 15% to 39.6% next year and even higher thereafter.

Nancy Pelosi -- a multimillionaire in her own right -- and her family took 85 trips in military aircraft between March of '09 and June of '10, at a cost of more than $2 million taxpayer dollars. Over $100,000 of that total was spent on in-flight food and alcohol -- again, courtesy of the taxpayers.

These numbers matter. We're living them, so learn them and repeat them often in the next few weeks.

THE FEAR OF THE ILLEGAL SOCIALIST RALLY


A RINO KISSES ASS...


When bad ideas have nowhere to go, they gravitate to American universities and become courses. -- Oscar Wilde

Thursday, October 14, 2010

Wednesday, October 13, 2010

A Lesson in Liberal Finance

The current mindset dominating most businesses is one of safety and frugality. This stems from uncertainties about the impact of new healthcare programs and taxes, as well as low confidence in the ability of the U.S. Administration and Congress to create a better environment for sustainable economic growth.--ChangeWave Investing

A system that relies totally on money which comes into existence as the "flip side" of new debt is doomed. It is doomed at the point where both creditors and debtors begin to flee from it because they fear that it has already been debased beyond the point where any return will compensate for the risk of default. We are getting very close to that point.- Bill Buckler, The Privateer, 09 October 2010

THE NATIVES ARE GETTING RESTLESS



 
A Lesson in Liberal Finance


D.L. Hammack

Last week I had the opportunity to speak with a small businessman who devised a simple lesson in the liberal thought process as it relates to redistribution of wealth.

This entrepreneur has a very small company and hires seasonal help as his work load increases. During the summer, he hired an energetic 21-year old. This lad was a good worker and always showed up on time. One morning the worker had to meet his employer at the job site, so he drove his own car. There, on the back bumper was an Obama/Biden bumper sticker from the 2008 election.

Later that afternoon, the conversation turned to politics and the boss asked his temporary employee why he supported Obama.

"I just think that there are too many people with too much money" he said. He went on to detail how the Obama mantra of redistribution was good for poor people. The boss then asked him "Who gets to decide when you've made enough money and where that money should go?" The employee responded with a shrug and said "the government." After two hours of back and forth, the boss gave up trying to educate the employee and opted for another form of teaching.

The Friday of that same week, the boss handed his employee a paycheck. Anxious to see and spend his first paycheck, the employee opened the envelope. His smile quickly turned to a saddened frown. He quietly walked over to the boss. "Sir, I thought that you said I would be making $10 an hour, right?"

"Yup" came the reply. "You're getting $10 per hour."

"But I worked 30 hours this week and my paycheck isn't anywhere near $300"

"Yup, you did work 30 hours. Your gross would've been $300, but I figured that you live at home with your parents, so you don't need rent money. Your mom has a garden, so you don't need food money. When you're working, we drive in the work van, so you don't need any gas money. You got me to thinking this week about the Obama plan to redistribute wealth. I thought I would put it to work here in my little business. I took your advice and took some of those earnings that you don't need. I'm going to find a family whose dad has decided that he doesn't want to work and he needs money for cigarettes. Basically, I'll find someone who needs it more than you do."

The employee stood there shell-shocked for a full minute. The boss gently grabbed the paycheck from the employee and tore it up. "Here's your real check" he said as he extended his hand with another envelope. "You might want to rethink this whole idea of taking money from working people and giving it to others. Whether it's taken out in taxes or taken directly from you, the bottom line is that it is taken from you. Whether it's taken by the government or taken by force at the end of a gun barrel...should they not both be considered theft?"

Why is it that they don't teach this in school?

Wednesday, October 6, 2010

Friday, October 1, 2010

1984

And if all others accepted the lie which the Party imposed—if all records told the same tale—then the lie passed into history and became truth. 'Who controls the past' ran the Party slogan, 'controls the future: who controls the present controls the past.'" - George Orwell, 1984, Book 1, Chapter 3 (And the Regime 2009-????)




For all those who continue to doubt the statistically questionable methods of our Labor Department, as well as for all others who mock those who doubt the veracity out of anything coming out of the BLS, the following chart should provide much needed closure. The top section of the chart below demonstrates weekly prior revisions in initial claims for all of 2010. Readers may be surprised to discover that beginning in April, of 2010, continuing through today, there have been 22 out of 23 consecutive upward prior weekly revisions! In other words, the BLS has a definitive mandate to underrepresent the "current" weekly data and to allow it to catch up with reality once it has become "prior", and thus no longer market moving, when in reality should the BLS present true data it would have likely missed estimates on more than half the occasions it has "beaten" and caused ridiculous market spikes like the one experienced earlier. Furthermore, combining all individual weekly data, demonstrates that the BLS has underrepresented initial claims by roughly 80,000 year to date. The chart pretty much leaves no room for doubt as to the BLS "trans-statistical" approach to quantifying data. As for the lower chart, it shows the same thing but with continuing claims, which have been revised upward pretty much consecutively for the entire year.



Political Cartoon by Steve Kelley

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