The Girl Who Did Not Age

I just learned today of the death of the girl who did not age.  The girl Brooke Greenberg was born prematurely and grew to the age of five years old when she simply stopped growing.  I am not sure what to think of this mystery, for it is a mystery.  She had many scientists jumping to study her in hopes of finding a 'fountain of youth' in her genes, and perhaps they will.  I am not sure if that is something that we will ever be able to master though.  Hopefully, we can find a way to cure this incredibly curious Syndrome X, since ageless existence does not appear to last long.

http://shine.yahoo.com/parenting/toddler-20-years-old-forever-young-due-baffling-175300753.html

Failure: The Secret of Success

I am going to have to let this article speak for itself.  Tony Bruins would be proud.  You are not the only one, Tony!

Scott Adams' Secret of Success: Failure

By SCOTT ADAMS

If you're already as successful as you want to be, both personally and professionally, congratulations! Here's the not-so-good news: All you are likely to get from this article is a semientertaining tale about a guy who failed his way to success. But you might also notice some familiar patterns in my story that will give you confirmation (or confirmation bias) that your own success wasn't entirely luck.
If you're just starting your journey toward success—however you define it—or you're wondering what you've been doing wrong until now, you might find some novel ideas here. Maybe the combination of what you know plus what I think I know will be enough to keep you out of the wood chipper.

Why the United States of America cannot default

With everyone on every side shouting about a sovereign default of the U.S., the simple fact of the matter is that the U.S. cannot default in the traditional sense.  So long as we have a lenient and accommodative Federal Reserve Bank that is willing to print money.  The only thing holding them back are self-imposed rules against money printing.


As David Kotok puts it in his piece "Moving Chess Pieces:"

In our view the US will not default. It has an absolute ability to pay. This is a political fight, not an economic one. The credit of the US is not the same as Detroit’s or economically risky like Puerto Rico’s. The country is not dismembering like Argentina or unable to support budgets like Greece. Comparisons between the US and these others are not valid.

Or as Cullen Roche, author of the paper "Understanding the Modern Monetary System", says:

Let’s get this straight.  The United States government CANNOT default on its obligations without some sort of mental lapse from Congress (the trade here, short sovereign US CDS every time it spikes).  The government is the supplier of the sovereign currency.  The government is a currency issuer & carries NO foreign currency denominated debt.  If they have fiscal problems they simply print more.  They press a button on a computer and magic money appears in an account.  That’s literally how it works.    The US government is not a household or a state.  They are not Greece who does not print their own currency.  It’s ENTIRELY different.
Read more at http://pragcap.com/us-default#TsIDCWSgHQpGHsK0.99

 Let’s get this straight.  The United States government CANNOT default on its obligations without some sort of mental lapse from Congress (the trade here, short sovereign US CDS every time it spikes).  The government is the supplier of the sovereign currency.  The government is a currency issuer & carries NO foreign currency denominated debt.  If they have fiscal problems they simply print more.  They press a button on a computer and magic money appears in an account.  That’s literally how it works.    The US government is not a household or a state.  They are not Greece who does not print their own currency.  It’s ENTIRELY different.

Or as Alan Greenspan has said in the past to Congress and other media outlets:

The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.

And given the recent history of the Federal Reserve's willingness to print money to the tune of $85 billion per month, I say there is zero chance that the Fed will let the U.S. government default, regardless of what the yahoos in Congress do or not do.

Let’s get this straight.  The United States government CANNOT default on its obligations without some sort of mental lapse from Congress (the trade here, short sovereign US CDS every time it spikes).  The government is the supplier of the sovereign currency.  The government is a currency issuer & carries NO foreign currency denominated debt.  If they have fiscal problems they simply print more.  They press a button on a computer and magic money appears in an account.  That’s literally how it works.    The US government is not a household or a state.  They are not Greece who does not print their own currency.  It’s ENTIRELY different.
Read more at http://pragcap.com/us-default#TsIDCWSgHQpGHsK0.99

Let’s get this straight.  The United States government CANNOT default on its obligations without some sort of mental lapse from Congress (the trade here, short sovereign US CDS every time it spikes).  The government is the supplier of the sovereign currency.  The government is a currency issuer & carries NO foreign currency denominated debt.  If they have fiscal problems they simply print more.  They press a button on a computer and magic money appears in an account.  That’s literally how it works.    The US government is not a household or a state.  They are not Greece who does not print their own currency.  It’s ENTIRELY different.
Read more at http://pragcap.com/us-default#TsIDCWSgHQpGHsK0.99

Deplorable Behavior from the National Park Service

I have to repost this, as it is a perfect example of the kind of political debauchery that the Obama administration is engaged in.  It is shameful and makes a mockery of our nation, much like his Presidency.

The U.S.-Europe Relationship

George Friedman of Stratfor always comes up with curious and seemingly truthful articles.  This one is no different and very much aligns with what I have experienced in our nation's relationship with Europe.  I don't think I have too many Europeans that read this blog, but it would be curious to see if their honest opinion matches this article.

Probably one of the more telling sections is at the end:

Whenever I visit Europe -- and I was born in Europe -- I am struck by how profoundly different the two places are. I am also struck at how the United States is disliked and held in contempt by Europeans. I am also struck at how little Americans notice or care.
There is talk of the transatlantic relationship. It is not gone, nor even frayed. Europeans come to the United States and Americans go to Europe and both take pleasure in the other. But the connection is thin. Where once we made wars together, we now take vacations. It is hard to build a Syria policy on that framework, let alone a North Atlantic strategy.

I very much agree that Europe is weak, despite their own opinions of themselves, and they are therefore largely irrelevant on the world stage.  The history of our world seems to be coming down to this: a showdown between Islamists and the U.S.

I hope we come out on top of this struggle.

Information Theory of Economics

This is finally a base economic theory that I can ascribe to more fully.  I have long thought that there is a "true value" or commodity of real value behind the economy, but I had never thought to ascribe it to knowledge.  This seems to have some validity, but knowledge may just as easily be denominated in a unit of "real value" as is every other intrinsically valuable commodity.

Nevertheless, this is a good read.  I am thinking about buying this fellow's book, but we will see.

NSA Encryption Backdoors: Undermining Freedom

Being a conservative, I often fall on the side of the government on these kinds of issues, but the topic of the NSA creating backdoors around all of the common Internet security protocols is, quite frankly, unacceptable.

The NSA is willingly sacrificing everything that we hold dear to protect us.  They are obliterating the very thing that we cherish.  No amount of protection is worth throwing away the trust, privacy, and security that is necessary on the Internet to do any manner of serious business.  The gall of the NSA to decide that it has the authority to simply throw out the Constitution and every other established right in America is sickening, and the programs supporting this effort should be unfunded immediately.

We are becoming that which we fear, and I do not like it one bit.

Facebook Depression

I found a curious article on the usage statistics of Facebook, Twitter, and MySpace, and a short analysis of the phenomenon known cursorily as "Facebook Depression" that commonly plagues people who are hooked on social media.

I believe very much that Facebook Depression is a real and dangerous phenomenon, and is the sole reason that I keep Facebook at arm's length now.

Shaky banks

My mother found an article by an blogger that she follows regularly regarding the shaky, and conceivably illicit activities that the larger banks in America do with their depositors money.  The things on the list include buying stock, infrastructure, commodities, etc.  Ellen Brown is exactly correct when she says that this is "a 'macro' risk indeed – not just to our economy but to our democracy and our individual and national sovereignty."  I think that now is the time to begin moving what little long term savings I have away from FDIC-insured banks into more stable banks.

It is a sad day when FDIC insurance is the least stable entity of all the financial entities.  For more on the FDIC instability read here and here.

I have posted the full text of Ellen Brown's article below but you can read the original version on her blog here.

History of Jewish Occupational Position

I found a curious opinion piece in the Israeli newspaper Haaretz.  The subject matter of the article is the, not merely survival but, continued success of Jewish people throughout the past few millenia.  This particular author gives religious-reasoned necessity to read and write as an important factor.  While I absolutely agree with this thesis, I suspect that the truth of the matter is far more complicated.  It does lend credence to the Old Testament/Torah, through which repeatedly God states in no uncertain terms that He will bless His chosen people.

Inflation? Is the CPI accurate?

John Mauldin had a good piece today on the definition of inflation.  Inflation is one of the critical, yet elusive, economic parameters that is studied today.  Mauldin seems to think that the current CPI is accurate despite the fact that they leave out food and fuel.  I tend to disagree, as food and fuel make up a huge portion of any living person's monthly expenses.

O, if only we were lithovores..  then perhaps the CPI would be more accurate.

The Measure of Obama

Most of you know I am no fan of Obama, and I have previously called him narcissistic, but this is perhaps a more accurate representation of him.   He is no great president, not a leader, or a uniter, or any of the things that he promised.   He is not a religious man, or even a spiritual man.  He believes only in his own goodness and seeks only to magnify and glorify himself.