Eliminate 5th Amendment - CHECK

No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a Grand Jury, except in cases arising in the land or naval forces, or in the Militia, when in actual service in time of War or public danger; nor shall any person be subject for the same offense to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.

Read about the quite literal traitors of the Constitution here.

Those who swore to defend the Constitution are trying to destroy the Constitution, and we were always at war with Eurasia. If you don't see a post from me again, please send all mail correspondence to:

Negocios Loucos, care of O'Brien
U.S. Naval Station Guantanamo Bay, Cuba
PSC 1005, Box 25
APO AE 09593

You're spelling that wrong

One of the doomed gatherings of bumbling European bureaucrats today is called the "Ecofin summit."

That should be €coffin.

It's All Black Baptists Fault!

I'm so sorry, I got that completely wrong. According to Hale Stewart our economic woes are all White Anglo-Saxon Protestants fault. See:

The president sends a proposal to the Republicans and then offers the "pre-compromised" version before negotiations get out of the gate. He has yet to figure out that he is hated -- as in really hated -- because of what he symbolizes: the end of the WASP power structure as we know it.

Aside from religious stereotyping that is completely unacceptable unless it's targeted at people we don't like, apparently, he also provides a sixth grader's view of how to fix the economy. Of course when I write sixth grader I mean Keynesian. So how do we fix the economy?

1.) Borrow money. Despite the incredibly stupid complaints of people about federal spending, the bond market isn't worried about the US' fiscal situation right now. The 10-year bond is trading right around 2%.
2.) Rebuild the nation's infrastructure: According to the society of civil engineers, the US' infrastructure gets a grade of D-. I recently noted a story from AgWeb that also illustrates the problem.

3.) Hire people to do the work. Considering that half the un\employed are blue collar workers (people that do things like ... construction) this would lower unemployment -- which also happens to be a big problem right now.

4.) This increases aggregate demand, which increases GDP. Once you get GDP growing at 3%+ for a few quarters, the economy because self-sustaining. This also helps to halt the debt/GDP growth rate.

STIMULUS! OF COURSE! Why haven't we tried that yet? Oh, what, we did, and it totally doesn't work, and it actually got our debt rating downgraded because we can never pay our current debts let alone add on for more stimulus that won't work. We've already tried this and it failed? I would say the "incredibly stupid" thing is to argue for something that continually fails.

Business Insider provides the good with the bad. It's sort of like the People Magazine of the blogo-sphere while Zerohedge is the Economist. Hey I like it but there are a bunch of dolts working there.

One Party for the Destruction of the Constitution

We had a "choice" in November of 2008: elect a member of the liberal party hell bent on destroying the Constitution for the profit of the military, banking and corporate machines, or elect a member of the liberal party hell bent on destroying the Constitution for the profit of the military, banking and corporate machines. We got your choice (I voted libertarian). What is different between the 2 is the avenue of Constitutional destruction.

Obama promised everything and delivered nothing except for the Marxist doctrine that he was so passionate about pre-elected career, but the MSM felt that wasn't relevant to comment on.

We have yet to see a bankster charged in the fraud cases that have cost the US taxpayer trillions; we have yet to see troops removed from Iraq and Afghanistan and have seen a new front opened up in Libya and another on coming in Syria (Dems love, love, love war when Dems wage war especially when it's a Nobel Peace Prize winner doin' the wagin'); and we have seen the opposite of a the most transparent administration ever. We have also seen continued bailouts, continued reductions in our Constitutional rights and megalomaniac like disregard for the majority's wishes and instead the transfer of Chicago mafia union politics to Washington DC.

And what would we have gotten if we had voted for that senile, geriatric, Hanoi Hilton pigeon Maobama was running against?

Termed the National Defense Authorization Act (NDAA) and drafted behind closed doors by Senators Carl Levin (D-Mich.) and John McCain (R-Ariz.) the NDAA would:

1) Explicitly authorize the federal government to indefinitely imprison without charge or trial American citizens and others picked up inside and outside the United States;

(2) Mandate military detention of some civilians who would otherwise be outside of military control, including civilians picked up within the United States itself; and

(3) Transfer to the Department of Defense core prosecutorial, investigative, law enforcement, penal, and custodial authority and responsibility now held by the Department of Justice.

That's all of course completely unconstitutional but we have become a fake democracy that doesn't adhere to any law of the land. It's communists on the left, fascists on the right, both with a mission to destroy liberty and the Constitution. They work together for that common goal and there is really only one party. We've woken up and our choice is tyranny. Khrushchev was right.

UPDATE:

McCain finished by mentioning Paul simply had no idea the massive threat posed to the US by terrorists. "An individual, no matter who they are, if they pose a threat to the security of the United States of America, should not be allowed to continue that threat," McCain said. " We need to take every stop necessary to prevent that from happening, that’s for the safety and security of the men and women who are out there risking their lives....in our armed services."

So according to a guy who might have been President, if the State deems you a threat you have no rights and you could be detained or even eliminated without any process. Wonder what McCain thinks of the movie Brazil?

Anyone who voted for McCain needs to reconsider why they are a Republican. This is terrifying.

Greenspan's Body Count: Cheryl Regazzi and Robert Regazzi

Serial killer Alan Greenspan is known to commit multiple murders in the same area in a short span of time. Earlier this year, he was very active around San Diego.

Now, it seems, Greenspan is haunting New Jersey. Just days after the murder of Kimberly Allen in Red Bank, Greenspan went to Clifton:

A man apparently shot and killed his mother at their Gillies Street house before deliberately overdosing on drugs sometime over the holiday weekend, authorities said Sunday.

Police were called to the two-story, single-family home around 4:30 p.m. Saturday after a family friend reported finding the bodies inside, said Detective Sgt. Robert Bracken of the Clifton police.

Bracken identified the victims as Cheryl Regazzi, 53, and her son, Robert Regazzi, 20.

[...]

Neighbors said they believed that Cheryl Regazzi was having financial problems, but they could not be specific.

A for-sale sign was posted outside the four-bedroom, colonial-style house on Sunday.Regazzi's next-door neighbor, Gloria Kirwin, said the house has been on the market since early this year. Trulia, a real estate website, says the house had been listed for 140 days, and real estate listings show the most recent asking price as $239,000.

Kirwin, 69, said Regazzi recently told her she could no longer afford the house.

"She was trying to sell the home but she had no luck," Kirwin said.

A public records search indicates that Cheryl Regazzi refinanced the mortgage on the house at least three times since 2003, with the mortgage amount rising from nearly $61,000 that year to $105,000 in 2008.

Real estate records show that Regazzi and her husband, Jacques, bought the house in 1992 for $110,000.

Greenspan's Body Count stands at 197.

Greenspan's Body Count: Kimberly Allen

Greenspan's Body Count goes to the Jersey Shore! In Red Bank / Middletown / Lincroft, New Jersey:

Patrick F. Allen, 44, accused of killing his wife, Kimberly, on Nov. 19, remained in the Monmouth County jail in Freehold Township Friday in lieu of $1.5 million bail with no options to post 10 percent to secure his release, as set by state Superior Court Judge Anthony J. Mellaci Jr.

[...]

“Patrick Allen killed his wife of 20 years during a financial dispute. He was the only person at home with her and he is the only person who could have killed her,” [prosecutor Marc] LeMieux said in court.

[...]

A check of financial records show that Patrick and Kimberly Allen held two mortgages totaling $625,000 on their home on West Front Street, and that Patrick Allen individually owed nearly $25,000 in credit card debt that was being levied against his property and a bank account following three court judgments handed down earlier this year.

Records held at the Monmouth County Clerk’s Office reveal the Allens financed $352,800 when they initially purchased the lot upon which they built a 3,184-square-foot home. They also show that by 2006, the Allens had refinanced the mortgage on the home three different times, taking out increasing amounts until the final $455,000 mortgage was obtained in 2006.

In addition to the mortgages, three additional home equity lines of credit were taken out during a six-year period beginning with a $45,000 secondary loan the Allens secured 18 months after the initial purchase, up to the outstanding $160,000 in the form of a 15-year second mortgage was obtained in 2005.

The two mortgages put the couple into debt totaling $615,000, but a source said the couple was also about $19,000 behind in their mortgage payments.

Greenspan's Body Count stands at 195.

Selling PFUIX

A couple years ago, I posted Advice to a young man on supporting a mistress, recommending a basket of investments as protection against dollar debasement. The basket has performed very well since, led by silver, gold, and the GDX gold miner ETF. The laggards have been foreign equities: VEA, EWA, SWISX, and VWO. Stick with them. They all yield more than five-year Treasuries, and some of them yield more than 10- and 30-year Treasuries.

I still like this diversified basket, and I am continuing to dollar-cost average into these asset classes. One exception is the bond fund I mentioned, Pimco Foreign Equity Unhedged (PFUIX). It has performed well, but I think it is time to dump it. The fund invests heavily in European debt and bond futures, and with Europe facing the choice between printing and default, neither is likely to be good for Euro bondholders.