StreetScooby

We are all engines of karma

I did a fair number of jumps out of Lodi's DC3, working my way up to 20+ back. The Lodi guys were very good, and taught me how to do it. As you're lined up for a 40-way, snaking around the inside of the DC3, keep track of when the first folks leave. Start counting, 1-thousand-one, 1-thousand-two, etc. As soon as you exit, hit your Iron Cross, and reset the count. Do not look for the formation. Simply attack the Earth, straight down, as hard as you can. Once you hit the count you made inside the plane, pull up. Formation is there, every time, with room to brake. Works like a charm. We are all engines of karma

World Economists Confirm America's Decline Under Obama We are all engines of karma

OMG! We are all engines of karma

No, that happened because some home owners were "freed" and lost all sense of proportion and responsibility. We are all engines of karma

Last I heard, taxpayers had lost about $28 billion on the deal. We are all engines of karma

http://www.virtualdub.com/ We are all engines of karma

What am I missing? How is this going to get us out of the liquidity trap? We are all engines of karma

Went and saw this last night. Didn't expect such a level, low-key presentation of information. D'Souza makes a good point regarding the media's lack of coverage of Obama's background. He would not have been elected if that information had been shown to the public. Overall, worth the time and money to see. We are all engines of karma

Close enough to shake hands, and they were less than 50% accurate. Must be pretty stressful when someone close by is pointing a large caliber handgun at you... We are all engines of karma

Are you saying these folks lied to me? We are all engines of karma

I shared what was shared by me, from friends and relatives that have been in the business all of their lives. Don't know where you got your stories, or worse, where the authors got their stories. We are all engines of karma

Thanks for sharing that. I forget the name of the condition, but it's one where you keep spending and it doesn't make any difference (liquidity trap?). If that's the case, why keep spending? Where's the limit to the spending? Sure this govt has a choice. They could change their policies and allow people to get back to work. The Obama administration has shut down oil exploration. My uncle, who has worked for 30 years in the gulf, hasn't worked in over a year. A good friend of mine is head of Gulf operations for a major oil company. They haven't had a license issued to them in a long time. Revenue from oil explorations (license, fees, taxes) used to be the 2nd highest revenue stream to the government. We are all engines of karma

We're trying to get video from our camera guy. We've been using a dropbox arrangement, but that's having problems with the camera guys Mac. Once I get them onto my hard drive, I'll cut them up, and post an E exit. We're still having issues. Getting pretty frustrating... We are all engines of karma

Do you consider yourself a Keynesian? We are all engines of karma

BTW, they're just going to have a commission to look into it. They are far from making a decision to go that route. I doubt they'll take it. I do expect the commission to table relevant topics, and thus focus said issues for further debate. We are all engines of karma

If you continue to disagree with people on this, they'll just call you stupid, but I'm sure you already know this. BTW, I agree with your statement. Plus, people living on fixed incomes get hit. Only Keynesians think this way, and it's simply not working. That way of thinking has dug an enormous hole, and now we're being told the only way to get out of the hole is to keep digging. It simply defies common sense. But, no, they'll just say we don't understand. It's to the point where it's ridiculous. Yes, ShcShc11 is a consummate Keynesian. I think his posts are well informed in that regard, and well thought out. I always take the time to read them, and peruse the links he shares. And a lot of the time, I learn something. I love it when that happens. I bought both Keynes' General Theory of Unemployment, and Hayek's The Road to Serfdom. The introduction to Keynes' book is tremendous. But the book itself assumes out the door you are well versed in Classical Economics. Simply put, it is not a beginners text. Keynes is extraordinarily meticulous with his language, and I can see where people can get completely wrapped up in its beauty. I found Hayak much more difficult to read. At times, it was impenetrable. Bottom line, Keynes focuses much of his attention on consumer spending, and the government's relation to it. Hayek, on the other hand, uses the phrase "intermediate means of production" a lot. Now, just what does that mean? His focus is on the supply chain, and companies are explicitly accounted for in his thinking. What current Keynesian thinking fails to explicitly account for is that consumers must have jobs in order to spend. As such, corporations need to be explicitly considered. I read an internal Fed paper justifying the QEs recently, that was simply rife with Keynesian thinking. Their conclusion was - we need to manage expectations. Literally, that was the best they could do. It was entirely focused on "consumer spending", in vocabulary and thinking. No where, and I mean no where, did they explicitly discuss the needs for corporations in that paper. Do they actually think the utility function for a housewife is any where near the same as the utility function for a corporation? Sure, in an appendix describing the math there was a brief section where a company was approximated as a consumer. That was the extent of their thinking. I was appalled. You hear Obama and his minions constantly throw numbers out about Romney/Ryan that are firmly grounded in a static analysis, i.e., the economy won't grow. Why is that? Because they don't know how to do a dynamic analysis. Taxes actually DO NOT MATTER, when you're doing a STATIC ANALYSIS. Modern day Keynesian economists running our government don't think you need to do a dynamic analysis. Considering most of them have never had real jobs, I'm not surprised they don't make the effort. Bottom line, I see Keynesian thinking as being in left field. It's a beautiful philosophy, where you can draw conclusions... that simply don't work in the world today. And when it doesn't work, their reply is - well, if you had just done more of it, it would have worked. Baloney. We are all engines of karma

And those four tickets will always be worth four babysitting transactions between you and the other market participant. The government will never be able to effect that exchange rate, and that's a good thing in this instance. Why aren't those other people getting baby sitting tickets? Could it be they haven't worked for them, i.e., earned them? Why haven't they earned them? Are there not enough baby sitting market transactions out there? Are those people not willing to apply themselves here? Or, is the government keeping those transactions from happening? Whatever the case, if I was actively involved in earning babysitting tickets, I certainly would not want the government printing and giving them to others who hadn't applied the same level of effort as myself. We are all engines of karma

This guy can't be stupid. I am sure he expected to be found out, and he knew the danger that would bring to himself and his family. I am also just as certain he has a plan to protect himself and his family. I doubt this plan will entail holding hands and singing Kumbaya with anyone foolish enough to track him down. I'm definitely going to buy the book. He can use the money to buy more ammo We are all engines of karma

You mean billvon isn't? We are all engines of karma

Wow... What happened in 1980? We are all engines of karma

Ah, interesting. I thought it was just a "well placed" photographer. We are all engines of karma

I'll be honest, I laughed when I saw this... We are all engines of karma

What was going on before the police put him on the ground? Does the video show that? We are all engines of karma

+1 We are all engines of karma