Satellite Images of the 2011 Mississippi Flood

Posted on May 6, 2011 by DRenegade

The top image is a satellite photo of a portion of the Mississippi River from April 29th, 2010. The image underneath is taken one year later on April 28th, 2011.

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Gold As Bailout Blackmail?

Posted on May 6, 2011 by DRenegade

The price of gold has dropped $80 an ounce in the past five days. Has gold lost its luster?

Some quick considerations:

  1. As reported last week, government central banks were buying gold as a hedge against inflation. Banks are not in business to lose money.
  2. Gold has rebounded (up $22.20 today) and it is up 2.48% over the past 30 days.
  3. No economic indicators have improved that would impact the price of gold in the past week.

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Frank Roche Explains the Dollar Index

Posted on May 5, 2011 by DRenegade

The government released data on May 5th  showing an unexpected increase in people filing for unemployment benefits. This caused the stock market to drop 100 points but due to the “bizarre correlation between equities and the dollar”, the US dollar strengthened. Frank Roche is running for the US House of Representatives in 2012 and explains why this happened:

httpv://www.youtube.com/watch?v=Z8nanjnXPgs

This correlation is more verification for me personally not to buy equities. The good news is that gold is still in positive territory over the last 30 days and that oil dropped below $100 per barrel.

David DeGerolamo

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Thank the Federal Reserve for POMO

Posted on May 5, 2011 by DRenegade

The Federal Reserve’s POMO policy to shore up the stock market is working well today as seen below from CNNMoney.com:

The bars under the graph represent the volume of stock sales. Each time the market starts to collapse, the volume rises and “stabilizes” the market. These purchases under POMO are artificially giving a false sense of security to the American people and making an inevitable correction worse.

David DeGerolamo

Posted in Editorial, Education | Tagged , , | 1 Comment

Gas, Jobs and Food

Posted on May 5, 2011 by DRenegade

The media is now reporting what average Americans already know: the cost of living is impacting our lives. The cost of gasoline, loss of jobs and the increase in the price of food has led to a decline in consumer confidence. There is a silver lining today: the dollar index is up almost 1% due to the increase in unemployment filings: less jobs means a stronger dollar.

David DeGerolamo

Gas

Half of Americans Have Cut Back or Cancelled Vacation Plans
Due to High Gas Prices

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Mississippi Rising

Posted on May 5, 2011 by DRenegade

School Bus Lot in Memphis, TN

The Mississippi River flooding of 2011 should be the top news story that we all need to be following. The economic impact from the casinos that have been closed (10,000 displaced workers), loss of farmland and corresponding food shortages, and insurance losses will be felt nationwide. An overview is shown below but the consequences of closing I-40 due to flooding shows the magnitude of this historic event. UPDATE 5/5/11 Fifteen miles of I-40 were shut down due to flooding.

httpv://www.youtube.com/watch?v=TLwRAiDT880

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Just in Time for Cinco de Mayo

Posted on May 4, 2011 by DRenegade

President Obama has released an enhancement to the White House’s website just in time for Cinco de Mayo. The URL is http://www.whitehouse.gov/hispanic and as the heading on the main page shows below, it is dedicated to the Hispanic Community in the United States.

Winning the Future
President Obama and the Hispanic Community

The quote from the president that is the cornerstone of this site is actually part of an executive order:

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While We Were Distracted …

Posted on May 4, 2011 by Hans

Treasury suggests $2 trillion debt cap raise

Glenn Beck always says “Watch what the other hand is doing…”

“The Treasury has told lawmakers a roughly $2 trillion rise in the legal limit on federal debt would be needed to ensure the government can keep borrowing through the 2012 presidential election…”

Reuters

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Domestic Enemies

Posted on May 4, 2011 by Hans

As always, “Arctic Patriot” returns the debate to center target:

“The soft, elitist, corpulent, decadent hypocritical oathbreakers who have legislated away our freedoms are just as bad -if not worse- as those who have attacked us, as they have rendered the deaths of all who have fallen in our struggles for freedom null and void.

…

“These people, these pukes in Washington are not even on the same playing field as bin Laden.  Bin Laden was true to his cause to the end.  He died facing his enemy.  Our oathbreaking, anti-liberty extremist terrorists in DC are traitors.”

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Survival and Preparedness in a Rural Environment

Posted on May 4, 2011 by DRenegade

The Cherokee County 912 Project is sponsoring the second seminar for safety and preparedness:

When: May 12 from 4:30pm – 8:00pm

Where: Brasstown Community Center, 255 Settawig Road
              Brasstown, NC

This is Part Two of our Survival and Preparedness Series with its focus on the Rural Environment. This important seminar will take us to the next level and help address the following:

  • The need for community organization
  • Identify potential small group leaders
  • Identify potential second tier contacts
  • Shortwave radio
  • Determine interest in gun safety/rifle training
  • Expansion of community watches across larger areas

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What Happened to North Carolina’s Castle Doctrine Legislation?

Posted on May 3, 2011 by DRenegade

What is the status of castle doctrine legislation in North Carolina? One piece of legislation has passed the third reading in the Senate (S34) but it was then relegated to the infamous Judiciary Subcommitte A on March 22nd. Although my Democrat representative is one of the main obstacles against preserving the 2nd amendment in our state, Deborah Ross should not be able to wield any power to stop HB 52 on the floor for a vote. However she is on the subcommittee that is withholding it from going to the floor.

Here is the short description of this important legislation:

HOUSE BILL 52

February 9, 2011

A BILL TO BE ENTITLED AN ACT TO CLARIFY WHEN A PERSON MAY USE DEFENSIVE FORCE TO PROTECT AGAINST THE UNLAWFUL AND FORCIBLE ENTRY INTO THE PERSON’S DWELLING BY ANOTHER, TO PREVENT THE REMOVAL OF A PERSON AGAINST HIS OR HER WILL FROM THE PERSON’S DWELLING, AND TO PROVIDE THAT A PERSON IS JUSTIFIED IN USING DEFENSIVE FORCE IN THESE CIRCUMSTANCES AND SO IS IMMUNE FROM CRIMINAL PROSECUTION AND CIVIL ACTION FOR THE USE OF SUCH FORCE.

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Barney Fife is our President

Posted on May 3, 2011 by Hans

The man had one decision to make, and couldn’t “load” it …

“…there had been a push to invade the compound for several weeks if not months, primarily led by Leon Panetta, Hillary Clinton, Robert Gates, David Petraeus, and Jim Clapper. The primary opposition to this plan originated from Valerie Jarrett, and it was her opposition that was enough to create uncertainty within President Obama. Obama would meet with various components of the pro-invasion faction, almost always with Jarrett present, and then often fail to indicate his position. This situation continued for some time…” Continue reading →

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Barney Frank’s Legislation to Be “More Democratic”

Posted on May 3, 2011 by DRenegade

 

Barney Frank has submitted legislation that will remove the five of the 12 members of the Federal Open Market Committee from the decision process to set interest rates. His rational is to make this decision “more democratic” by consolidating the voting into the members appointed by the president and confirmed by the Senate.

Since the House is not involved in this process, what is Mr. Frank’s true motive:

The Congressman said this would make the Fed more democratic and increase “transparency and accountability on the FOMC” by eliminating those officials that are effectively picked by the private sector.

But analysts said this could hurt the Fed’s independence from Congress in setting rates. Dan Greenhaus, analyst at Miller Tabak & Co., said the move is “one step closer to having monetary policy dictated by the Congress.”

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Mississippi Catastrophe

Posted on May 3, 2011 by DRenegade

The Army Corps of Engineer blew up a levee on the Mississippi River in order to alleviate flooding further downstream. The flooding of the Mississippi throughout the month of May will continue to make headlines as this catastrophe unfolds all the way to New Orleans.

This is another example of the loss of states’ rights under the tenth amendment. As the state of Missouri tried to legally block this action, their case was not even considered by the US Supreme Court even though 100 homes and 130,000 acres of farmland will now be destroyed.

Missouri officials said the incoming water would crush the region’s economy and environment by possibly covering the land under sand and silt and rendering it useless.

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A Victory in the War on Terror?

Posted on May 3, 2011 by DRenegade

Congratulations to Navy Seal Team number 6. Not only did you achieve your mission’s primary objective, you were also able to retrieve information from bin Laden’s computers and thumbdrives which may prove to be a turning point in the war on terror. Well it is a victory but let us not forget this defining moment in this war by our president and his definition of the war on :

httpv://www.youtube.com/watch?v=ZqM4rK5uFoQ

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