California leads the Nation AGAIN ,,,,,,,,, in failure

24 years ago I was enjoying the good life in California. I love the coast, the climate and the golf. But California had some problems and was turning into a socialist wet dream and because I knew where this would lead I decided to got out and moved out here in the desert. No kidding I STILL miss the PLACE but I am so glad I departed.

Stanford University did a study recently that shows part of how this demise of a once great State is happening. From the mid-1980s to 2005, California's population grew by 10 million, while Medicaid recipients soared by seven million; tax filers paying income taxes rose by just 150,000; and the prison population swelled by 115,000.

Unbelievable, 10 MILLION new people ...... 150,000 pay taxes. AND and additional 115,000 prisoners to house and feed. Who needs 10,000,000 more people that DON'T pay taxes and take services and social welfare? According to Socialist/Marxist, California should be booming by now, 

but its not its basically insolvent and of course the left either BLAME it on greedy capitalist or simply deny it.

The same conditions that made my decision to leave California easy, are beginning to look the same for the country in general here in 2012. These cultural Marxist can be as adamant as they wish about their "theory" but, math is NOT a theory. It works today just as it did in the day of the Roman empire and all the other failed empires that have attempted to put all the power in the State. 

Click HERE to read the article.

New Format

Some of you readers have commented and seem to like this new format.  There are a couple of things I will bring to your attention.  Firstly, All the articles are "scrunched" up in a small space with just the title and sometimes just a teaser portion of the article visible.  Many have photos or videos attached for viewing that you will not be able to see unless you click somewhere on the article.  That will open up just that article so you can view the entire thing.

Secondly, you will notice a black tab along the right edge of the page.  Just by running your cursor over it a pop out will appear for further navigation around the blog.

I'm still trying to find a font color for the menu bar at the top so it will be more visible.  You have to look hard but there is a navigation menu running across the top of the page.

Glad some more of you are stopping by feel free to make comments.  

Wednesday Night Speeches

Just heard Obama's Charlottesville speech and he is a silver tongue devil, that's for sure. He know's how to fire up a group but the substance was total BS. He had those young folks cheering for their own demise. Now that's good I tell ya. If I didn't know the answers to all his issues and had not carefully looked at most everything he spoke about he would have indeed convinced me that it's entirely possible to pick a turd up by the "clean end". As I watched Obama's speaking, it dawned on me, that the Democrats picked the wrong city for their convention. They should have picked ....................... Ta Daaaa ... Detroit. What better place to highlight what American's can look FORWARD to if they would only re-elect the president. Once the wealthiest city in North America with the highest per capita income of any American city, where else better to showcase the results of years of socialist efforts. Oh well, gotta give myself a good pinch on the arm with my vice grips.

The "disappeared"

During all the troubles in Central and South America people who opposed the governments and dictators of the day simply disappeared.  It was so common that when people spoke of someone that had vanished they referred to them as "The Disappeared".  

There have always been laws on the books for civil commitments, after all if someone really flips out there has to be a way to keep them from harming themselves and/or others.  But the rules and law governing this type of "commitment" has to be followed and their should be strict guidelines to protect every citizens liberty.  

I have seen several cases of civil commitment in Virginia courts and usually it takes sworn statements from several family members or those living with a person before they can even be detained for examination.  Then it depends on the evaluation of a trained board certified psychiatrist.  There is a new trend that I first heard of a few years back.  That is using a diagnosis of PTSD for veterans as a swift way to detain a person.  Now it seems that more people than we would like to believe are being picked up under civil commitment laws because of political statements and leanings.  

This is really scary.        

Old Prediction

A little over a year ago (May 5th 2011) I post what I called a “Quick look at Gold”.   In that article I said “In the chart below, I have put a scenario for gold should this play out in this fashion. Gold as you can see, had a fairly long sideways channel of about 3 months duration before this last breakout and now appears to be correcting. This would be in timing with a run at a low mid-June.” You may click on these charts to enlarge.

What actually happened was Gold begin its down move in mid June and bottomed the week of June 16th. Not bad for a guess. Chart showing results is below.

Since last year gold made a new high the week of September 15 2011 and has been in a sideways to down trend ever since. Making lower highs and lower lows. UNTIL the low made May 14th which coincidentally produced what's called a 'doji' candle for that week. Doji's many times indicate a change in trend. Since the trend for the past year has been down that might be a good sign for gold. The following week of 5-21-12 was without question the time to go long gold for the mean time. I think gold represents an indicator of confidence in governments and the economy in general.

 I can't explain in a few paragraphs what's been going on with the attempts to keep gold down by governments and others but will leave it as this is one perception they don't want to lose a grip on. As things progressively get worse for the politicians gold will continue it rise. It has definitely changed trend for the time being, now it's just a matter of a confirmation on the trend change. That confirmation will come by making a higher high perhaps sometime in November. It needs to break above about 1790 and hopefully above 1805 to prove it's on a roll to me.  THEN I wait for a pull back to enter if wanting in and have not already entered back in May/June.

Armstrong's computer says the following:  "Looking at our empirical models, the ideal primary target for the next turning point appears to be March 2012 thereafter we see a two-month move in the opposite direction initially there appears to be a fairly large change in Trend developing in September of 2012 which can lead to a move into the January 2013. Therefore if March unfolds as a reaction high we could see a retest of support in May with a   reaction high into August for Labor Day and a decline into a final low in January 2013. It is clear that January 2013 should be a very important target. If that is a low then we should be able to see a significant rally into 2017 thereafter.”

I rarely disagree with Martin's forecast.  This Little burst upwards could really just be a reaction high followed by a decline into January.  That would be the best scenario for a big rally lasting years in gold.  

The Fed readies QE3, Republicans re-consider the Gold Standard - YouTube

Peter Schiff comments on the Republicans flirting with a return to a gold standard.

Politicians Will Promise Anything but do they deliver!

Just a reminder of That we have a choice come November.