Showing posts from October, 2012

How JDA Slapped Some Fake Loser LA Lawyer In The Face With The First Amendment

WCV, I apologize in advance for this post. I know how you feel about filth on your website but you're the one who gave me full posting rights and I swear I'll try to keep it somewhat family friendly. This is about the First Amendment, not about porn, although porn also involves our Constitutional rights as long as we're talking about consenting adults I suppose! Regardless, this is an important win for liberty, which is why I am reposting some of it here. I have been personally attacked and that is an assault on liberty as far as I am concerned.

Anyhoo. Let's go way back. To 2009 when I wrote about AdultVest, a Francis Koenig-managed "adult" hedge fund accused of fraud at the time. Back then I wrote about it on Jr Deputy Accountant because it was dirty and an alleged fraud and I figured I could make a few dick jokes along the way. Win win, right?

Well about a month ago I got an email from an alleged "lawyer" in Beverly Hills, CA purporting to repre…

Why even try?

Exchange with a client, via text:

JY: Hey ... Can we meet tomorrow? Say noon or 1pm?7:28 PM Me: Most definitely. Swing by my house?8:28 PM JY: Sure, address? 8:32 PM Me: I just go by Zeke but you can call me "sir" if you like.8:33 PM JY: ?  8:38 PM

Is Colin Powell an idiot?

"Republican" Colin Powell endorses Barack Obama.

Powell voted for Obama in 2008. Lots of Republicans and moderates did. Obama offered a message of hope, change, post-racialism, and post-partisanship. Lots of people fell for it.  And John McCain was an execrable, free-speech-hating, bank-bailout-pushing, grumpy old man.

But now? After seeing the reality of Obama, an extreme leftist ideologue whose record on both the economy and foreign policy is an unmitigated disaster? How can a "Republican" vote for Obama over the ultimate mainstream moderate, Mitt Romney? lies to its thousands of gullible Facebook followers

Um, no.

The Salt Lake Tribune is not Mormon-owned. It's owned by an out-of-state corporation, MediaNews Group. And it has a history of liberal editorial policy despite its conservative constituency. They endorsed Obama in 2008, too.

In totally unrelated news, new study shows that Republicans are significantly better informed than Democrats.

Asset allocation in uncharted waters

Megan McArdle is starting a new personal finance Q&A over at the Beast that Ate Newsweek.

Megan's got a pretty good understanding of finance... for a journalist.

My question, which is the only relevant question for this age group in personal finance at this time:
What should asset allocation be for people in their 30's and 40's given a stagnant economy, 8% GDP deficits, negative real interest rates, and Zimbabwe Ben promising to print money indefinitely? If you've been reading this blog over the years, you know that my answer is and has been to buy real assets, stocks, and gold; have a little bit of cash, and don't touch a long-term Treasury with a 10-foot-pole. I'm still of the view that the only way out of this mess is a dollar devaluation money-printing orgy.

But I could be wrong. Look at Japan. They're 20 years ahead of us into the Depression, and their stock market is still down 75% from the peak, their interest rates are still near zero, an…

Romney speech at Al Smith dinner

Wow. Well done.

John McCain had the stench of loser on him from miles away. Romney has anything but.

HT: Shane Atwell.

Rime of the Ancient Australian

Hear the rime of the ancient mariner
See his eye as he stops one of three
Mesmerises one of the wedding guests
Stay here and listen to the nightmares of the sea.

And the music plays on, as the bride passes by
Caught by his spell and the mariner tells his tale.

The Rime of the Ancient Mariner is a Samuel Taylor Coleridge epic poem, later adapted by Iron Maiden for one of their greatest songs. In the story, a wise and grizzled mariner frightens a young wedding guest with a horrifying cautionary tale from his experience at sea.

The Rime of the Ancient Mariner is what I think of every time I recall the Australian expat I met two years ago. I have told this story to only a few people since.

It began with a simple Craigslist search for garage shelving in the summer of 2010. After a quick e-mail exchange, I arrived at a typical Southern California two-story house on a cul-de-sac in an upper-middle-class neighborhood. The owner had a locksmith truck out front, one, I would learn, …

The Real Winner of Tonight's VP Debate...

pic credit: me, Sacramento Tea Party rally 9/12/10
The clear winner of tonight's VP debate was obviously... the libertarians! Why? Because we weren't invited.

Not getting invited to this circus is like getting rejected to participate in The Bachelor. Sure, maybe we could famewhore our way into American homes with slick positions and posturing but why would we want to? It goes against everything we stand for. Because we are about true freedom, not the Nabisco/Monsanto/GM/JP Morgan Chase/Disney/Walmart brand of freedom most Americans cling to as if there is no other option. Little do they know. It is up to you, loyal freedom-loving WCV readers, to show them our political system doesn't have to be like choosing between watching the Real Housewives of Bumfarkery and the Kartrashians on the boobtube. Turning off the teevee is an option too.

Any empty puppet can stand (er, sit) there and spout off the talking points but it takes real guts to sit back, pop the popcorn and let the…

The political class versus the rest of us

Charlie McDanger riffs on Romney and the hypocrisy of the ruling class:

They're all whores.

San Francisco unites against Obama

Left, right, Code Pink, World Can't Wait, porn stars, medical marijuana advocates, PETA, drone strike objectors... everyone has a reason to oppose Obama.

I wish I were there.  I would have felt comfortable holding about 80% of those signs.

Further thoughts on Obama's epic debate fail

Yes, Obama was arrogant, lazy, unprepared, and incompetent.

But enough about his Presidency. Let's talk about the debate.

Both contestants used bogus figures and optimistic assumptions. Romney's plan to grow his way out of 8% GDP deficits without serious defense cuts and entitlement reforms is as absurd as the Hope & Change that Obama promised his idiot voters four years ago.

But the biggest takeaway I have is how sad it is that our republic has come down to a game show where the smoothest talking blatant liar wins all.

So this is how democracy dies: not with a bang or a whimper, but a farce.

Facebook lynches chair

In the wake of a shockingstring of chairlynchings that brought out the Secret Service to investigate, Facebook gives us this:

McDanger's election notes

Some thoughts on race, politics, and option C from our friend McDanger: click here.

Thoughts on #DenverDebate

- So that's what the whole campaign would have looked like without the media running interference for Obama.

- Somebody should tell Obama he's on split screen and we can see him seething every time Romney speaks.

- If Obama can issue an Executive Order to suspend layoff notices to help his re-election, maybe he should issue an Executive Order outlawing debates, too.

Facebook makes you fat, broke, and obnoxious

... and not just from buying the stock.

According to soon-to-be-published research from professors at Columbia University and the University of Pittsburgh, browsing Facebook lowers our self control. The effect is most pronounced with people whose Facebook networks were made up of close friends, the researchers say.


People who spent more time online and who had a high percentage of close ties in their network were more likely to engage in binge eating and to have a greater body mass index, as well as to have more credit-card debt and a lower credit score, the research found. Another study found that people who browsed Facebook for five minutes and had strong network ties were more likely to choose a chocolate-chip cookie than a granola bar as a snack.

In a third study, the professors gave participants a set of anagrams that were impossible to solve, as well as timed IQ tests, then measured how long it took them to give up trying to solve the problems. They found people who…

Gold: should you buy now?

We've made the case for gold as a store of wealth here manytimesoverthelastseveralyears.

But we're just some pseudonymous blogger.

If anyone has a reason to be biased against gold, it's a bond manager.  Bond managers seek real returns from positive interest rates on bonds based in a sound currency.  So if the world's biggest bond manager suggests you should consider gold, you would be wise to listen.

And here is that very bond manager, PIMCO:
We believe investors should consider allocating gold and other precious metals to a diversified investment portfolio. The supply of gold is constrained, and we see demand increasing consistent with global economic growth on a per capita basis. Regarding inflation in particular, we feel that the Federal Reserve’s decision to begin a third round of quantitative easing makes gold even more attractive.

We see the Fed’s actions in the wake of the financial crisis as a paradigm shift whereby the Fed is attempting to ease financial…