Yea, I know I’ve been neglecting to post anything lately, but life is getting to be a full time job in itself for this old man. IOR is hard to focus on when so many other things are happening in the world at large and on the personal level.

The Gray Dog put it succinctly with this quote in an email I got from him a while back: “Sometimes I feel like Alice headed down the rabbit hole.” I know exactly how he feels.

 
by J. R. Nyquist

“Credit expansion,” wrote the Austrian economist Ludwig von Mises, “is the governments’ foremost tool in their struggle against the market economy. In their hands it is the magic wand designed to conjure away the scarcity of capital goods … and to make everybody prosperous.” But everyone cannot be prosperous. The boom created by credit expansion cannot last. This is what the leaders of the United States have missed. “The inescapable consequences of credit expansion,” wrote Mises, “are shown by the theory of the trade cycle. Even those economists who still refuse to acknowledge the correctness of the … credit theory of the cyclical fluctuations of business have never dared to question the conclusiveness and irrefutability of what this theory asserts with regard to the necessary effects of credit expansion.”

Read it here

Other stuff:

WARNING: STOCKS COULD LOSE 1/3…

ANOTHER EURO BANK ON BRINK…

Wachovia shares plunge as investors question fate

Deal reached on US markets bailout

Elitism: Culture wars and the campaign
by Victor Davis Hanson
PajamasMedia.com

You are a damn elite, not me!

That sums up the current political debate — whether we look at charges that John McCain has so many houses he can’t remember any longer the actual number of them; or that poor Barack Obama is depressed at the soaring price of arugula; or that Fightin’ Joe Biden once bootstrapped himself up at ten in Scranton; or that moose-hunting Sarah snowmachines as naturally as Barack Obama trips over himself in a bowling lane.

A nation of wood-cutters

In short, we remain log-cabin America, formed as the frontier antithesis of Europe. Apparently, we are determined, at least in mind, to stay that way — rightly or wrongly sneering at both natural Francophile John Kerry’s spandex, and also poor forced and uncomfortable duck-hunting John Kerry, decked out in camouflage, and looking as uncomfortable with a dead duck as Mike Dukakis in a tank helmet. We don’t like snooty elitists, and don’t give them a break when they clumsily try at election time in the eleventh hour to morph into one of the people.

A state of mind

Read it here if you have the time…..

Exspider/OUT/doing the chores/back later……..

AIG Seeks Huge Loan
As Stock Dives 61%
By MATTHEW KARNITSCHNIG and LIAM PLEVEN
September 16, 2008

With AIG now tottering, a crisis that began with falling home prices and went on to engulf Wall Street has reached one of the world’s largest insurance companies, threatening to intensify the financial storm and greatly complicate the government’s efforts to contain it. The company is such a big player in insuring risk for institutions around the world that its failure could undermine the global financial system.

Read it at The Wall Street Journal Online

Hang on tight AIG. This could be a rough landing…….

The Danger is Not Fully Appreciated
by J. R. Nyquist
Weekly Column Published: 09.12.2008

“Perhaps the United States is under financial attack. We know that the country is being encircled through maneuvers in Latin America. At the same time, the U.S. is being isolated from its European allies, financially hobbled by a combination of its own blunders and poorly understood market manipulations. There is continuity in Russian grand strategy, from the rise of Gorbachev to the incursion into Georgia. Russia’s hidden hand should not be underestimated. The advent of Boris Yeltsin was not a period of democracy and genuine liberalization. It was, instead, a period of deception and false promise.

The strategic danger is not fully appreciated, even now.
The link is HERE

H/T to LGF for the heads up on this one.

LEBANON, Va. — “That’s not change,” Sen. Barack Obama, D-Ill., said of what Sen. John McCain, R-Ariz., is offering.

“You know, you can put lipstick on a pig,” Obama said, “but it’s still a pig.”

And an empty suit always looks the same Barry, you are no exception to the rule regardless of what your teleprompter is telling you to say.

Heh, I like bacon and this guy has no idea where it comes from in the first place.

That empty suit needs a pressing IMO….

A poem contributed by Russ Vaughn.

She’s running against old Scranton Joe,
Whose blue-collar pedigree we all know,
Because mainstream media says it’s true,
Though facts don’t quite support that view.
Joe says himself he’s middle class,
But the MSM considers that crass;
Middle Class? That’s so demeaning,
Got to be blue collar, leftist leaning.

She’s running against a rock-hard bias,
Of Mainstream Media, oh so pious,
Who ignored John Edwards secret screwing,
But pounce upon a teen’s wrongdoing.
A double standard? Oh you bet,
But folks you ain’t seen nothing yet;
These vultures we know will not pause,
To destroy this girl for their liberal cause.

She’s running against a dubious deal,
Dealt by our media so surreal,
The one’s should keep us all informed,
So twisted now, by hate malformed.
No longer do we get the news,
But extreme opinions, liberal views.
With hateful words, a teen they’ve trussed,
While Edward’s sins are undiscussed.

She’s running against the New York Times,
Godmother of journalistic crimes.
She’s conservative, so she doesn’t fit?
Be ready for their murderous hit.
If they don’t get her, she’s still toast,
For a backstab hit by the Washington Post;
And if they can’t kill her with their slimes,
There’s the West Coast hitters, the L.A. Times.

She’s running against some heavy odds, some think she’s not up to it,
I think she’s favored by the gods, and the libs are about to screw it.

Posted at Old War Dogs HERE!