It seems rather odd but news reports seem to have confirmed the highly unbelievable story that Chase bank is limiting withdrawals and outbound international wire transfers.  Beginning on November 17th, Chase will limit cash withdrawals to 50k and while 50k may sound high for most individuals, if you’re running a business importing stuff from China…
Category: John Galt
My Christmas Dilemma
With Greece about to hose the European Union and the Fed announcing “challenging” economic future and joblessness, I can help explain my personal theory which ties into my Christmas dilemma. In a nutshell, I don’t have anything to buy this Christmas for my immediate family. We own ipods, ipod touches, iPads, iPhone 4s’, iMacs, MacBooks,…
Will Someone Please Explain….Post Office
I’m starting a new series entitled, “Will Someone Please Explain…” which begs for an answer to life’s most complicated questions. While I spent 10 years in college studying three different majors, there are still many things in life that I just don’t understand. One of those enigmas that is currently perplexing me is why the…
The War On Contracts
Have you been paying attention to the mass movement to fight a war on contract law?  By now, you’ve heard of those dreaded AIG bonuses and while I agree it’s total crap that bonuses were handed out from government funds, there is something to be said about contractual obligations and contract law. Imagine if anyone…
Got My Costco Rebate: $800 And No Way To Fix Housing Mess
I got my Costco rebate check in the mail today and it’s a cool $800 but I won’t be spending much of it as I continue to hoard cash and food while I watch the economic crisis continue to expand like the blob over every facet of American life. I had another philosophical debate with…
An Ineffable Treatise – World Market Collapse
How do you put into words what shouldn’t or couldn’t easily be put into words? I had intended on posting this after Christmas and I had intended on writing a long treatise complete with a set of references (see below) but I decided that the math would likely be way over too many people’s heads…
Will Socialized Medicine Spur Capitalism?
Over the past couple of years I’ve contemplated starting various businesses but have been reluctant to do so for a variety of reasons. I briefly had a partnership in a consulting company many years ago but had to sell my portion off because of the heavy toll of commitments in my life at the time….
An Infrastructure Project For President Obama
The New New Deal seems to be talked about a great deal these days and if President Obama will embark on massive infrastructure projects I’d like to request something be done about the frail utility grid. It seems anytime a snowstorm blows through the north or a hurricane blows through the south, there are millions…
Gold and Silver Coins Disappearing From Local Shops
I dropped by a well established coin dealer this week to inquire about getting gold coins.  The local shop owner had a few American eagles and no Canadian Maples on hand.  He was selling gold for $109 over spot which is about a 15% premium. He did have plenty of Krugerrand coins and was pushing…
It’s Official: U.S. Housing Has Been Nationalized
Welcome to the new Socialized States of America.  With the US Treasury propping up Fannie and Freddie, the US Taxpayer is officially “owner” of millions of foreclosed homes.  This pretty much concludes the socialization of America after repeated bailouts of savings & loan, airlines, dot com investors, investment banks, national banks, regional banks, and now…