Is the U.S. dollar doomed?

Only the most naive still believe that we are going to get out of this economic mess without some real pain and consequence.

America's credit rating should be much worse

Peter Schiff hits the nail on the head as to why S&P should have down-graded U.S. debt even more than it did.

The joy of high speed rail in Cali

So, it turns out that it is going to cost a lot more than the cheerleaders told us that it would:

The estimated cost of California's high-speed rail project is rising by billions of dollars.

Environmental impact studies released Tuesday and obtained in advance by The Associated Press put the cost of building the initial segment at anywhere from $10 billion to $13.9 billion.

That's sharply higher than the $7.1 billion estimate from 2009 for the Merced-to-Bakersfield section. Rail board executives say the higher costs include more elevated tracks in the Central Valley and more specific data about property values.

What a surprise. Politicians with the aid of environmentalists sold this "feel good" boondoggle to gullible voters and now we're stuck with footing the bill for decades to come. I wish I could say that there was a lesson learned here but I doubt it.

Hope and Change---HAHAHAHAHA!!

h/t: Captain Capitalism

Enjoy the decline!

Jim Rogers: "Driving down the value of our own money is lunacy."

Police State?

You decide.

Another rat leaving ship

Larry Summers, Christina Romer, and now the guy with the weird name jumps off the pier. I just wish that he could take Jared Bernstein with him.

Bye, bye tax credits

Here's hoping that this starts a trend across the country . There are a plethora of tax credits for so-called "green" alternatives in California that should be eliminated. One of them is for hybrid cars.

No media bias at MSNBC

LOL!! MSNBC is hilarious!

We don't need no mind control

Public education is one of the greatest scams perpetuated on the masses.

He was right.

Peter Schiff is not perfect but he called the economic debacle that was looming quite nicely. This clip is from 2006 which is just a year or so before The Great Recession. Note that the economist sheeple he debates in this clip can't see the forest from the trees.

Private property rights? Bwhahahaha!!

So now our wise overlords what to start restricting how much control we have over our 401K plans, eh? They can't manage the federal budget but they are happy to dip their fat hands into your cookie jar. This latest move should disabuse anyone of the notion that private property rights are, or have ever been, cherished by the powers in Washington.

The meaning of economic planning

HT: Liberty Pen

Thomas Sowell on public service and education

An excerpt: "Higher education is supposed to teach people to see beyond surface glitter and plausible words. It is supposed to see beyond the fads of today to the broad sweep of history. Most of history is the story of how political leaders have squandered the blood and treasure of the human race."

HT: Liberty Pen

Enjoy the decline!

This video on Quantitative Easing is terrifying even with funny and cute cartoon dolls.

Even the rich are doing it...

More Americans opt to rent than to pay a mortgage.

HT: Captain Capitalism

All hail, Al Gore!!

Here's the kind of news that will have you shaking your head:

Anyone who opposes ethanol subsidies, as these columns have for decades, comes to appreciate the wisdom of St. Jude. But now that a modern-day patron saint—St. Al of Green—has come out against the fuel made from corn and your tax dollars, maybe this isn't such a lost cause.

Welcome to the college of converts, Mr. Vice President. "It is not a good policy to have these massive subsidies for first-generation ethanol," Al Gore told a gathering of clean energy financiers in Greece this week. The benefits of ethanol are "trivial," he added, but "It's hard once such a program is put in place to deal with the lobbies that keep it going."

No kidding, and Mr. Gore said he knows from experience: "One of the reasons I made that mistake is that I paid particular attention to the farmers in my home state of Tennessee, and I had a certain fondness for the farmers in the state of Iowa because I was about to run for President."

Mr. Gore's mea culpa underscores the degree to which ethanol has become a purely political machine: It serves no purpose other than re-electing incumbents and transferring wealth to farm states and ethanol producers. Nothing proves this better than the coincident trajectories of ethanol and Mr. Gore's career.

Oh, how nice. Mr. Gore now sees the light while the American taxpayer gets to foot the bill for years to come for another environmental pipe dream gone sour. Somehow I doubt that this new revelation by Gore will spur Greens to be a little more skeptical about adopting and advocating every earth saving idea that comes down the pike. Environmentalism is a religion that does not tolerate free thought or dissent.

Ben Bernanke's Dollar

Unemployment is now 0%...

...at least for me. I now have a full-time gig after spending two years hustling hard for contract or temp work. I have transitioned into the health-care industry from financial services. There are many things to learn and I am excited at the opportunities. Posting may be light around here for a while. Onward!

Olbermann suspended!

It couldn't happen to a nicer guy--Hahahahahaha!! I remember the vile schadenfrued that Olbermann exhibited when Rick Sanchez was fired from CNN.