11 March 2011

Limbaugh Predicts ‘Fracking’ In The Dakota’s Will Be Blamed For Japan Earthquake – Daily Rush Limbaugh & Conservative Video Post

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Northern California Man Swept Out to Sea Photographing Tsunami

March 11: Smoke billows from houses in Natori, northern Japan, after the area was hit by a powerful earthquake and a tsunami.
Man Swept Out to Sea by Tsunami Waves in Northern California
The massive earthquake in Japan, and following tsunami may have claimed one life in North America. From FOX.Com:
The Coast Guard is searching for a man who was swept out to sea in Northern California while taking pictures of the tsunami waves Friday.

Read more: http://www.foxnews.com/us/2011/03/11/man-swept-sea-tsunami-waves-northern-california/#ixzz1GKEZvnCw

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08 March 2011

On Hoarding

Hoarding: a crutch word used by Marxists who refuse to acknowledge a free market exists without their dictatorial wishes.

I have been hearing lots of "hoarding" talk lately.  Actually, much longer than that.  I don't mean the acceptable, descriptive compulsive hoarding that actually describes a behavior that may or may not be bad.  No, I am talking about the "hoarding" usage flying around whenever the price of anything goes up.  Wikipedia has a perfectly fine description of economic hoarding:
In economics, hoarding is the practice of buying up and holding resources so that they can be sold to customers for profit.

Followed by a perfectly fine descriptions of possible causes:
Hoarding behavior may be a common response to fear, whether fear of imminent society-wide danger or simple fear of a shortage of some good. Civil unrest or natural disaster may lead people to collect foodstuffs, water, gasoline, and other essentials which they believe, rightly or wrongly, will soon be in short supply.

Economically speaking, hoarding occurs due to individuals obtaining and holding assets thought to be undervalued and build up reserves of it in hopes to profit or save money later. Examples include times when price controls were in effect as in the case of Germany after World War 2, communist countries, or after natural disasters when goods are in such short supply that consumers stockpile (this is sometimes compounded by anti-price gouging laws which prevent the supply and demand curves from functioning). In these cases the hoarding disappears after the price controls are removed.

 This is one of the rare cases where I will endorse the Wikipedia treatment of a topic.  Unfortunately, the common usage lately veers quite a distance from what is quoted above.  The clanging Leftist/Marxist banshees of the internet have defined "hoarding" through usage as "you are not selling at a price I like" (see above, the communist countries) and it is frequently used in conversations involving gold or silver.  Unshockingly, these caterwauls increase with the frequency of gold and silver investment advertisements on radio and television.

Here is a bit of free investment advice: if you hear commercials about a great investment, it is not a great investment.

Mind you, these people who use "hoarding" as a pejorative are probably the same people who would advocate your death if you tried to tell them what to sell a pepper and salt shaker set for in a yard sale, but they have no problem demanding that gold sell for $25 per ounce.  Yes, you read that right.

One of the popular scripts (even if they will not admit to, or know that they are using a script) is "gold (or another commodity) is at a high price due to hoarding." Followed by a few illogical leaps and concluding with: "It is just like the tulip bubble, they were trading so high one was worth a whole farm, then the bubble burst."

Interestingly enough, "hoarding" does not adequately explain the tulip bulb bubble.  That was a supply and demand "problem" where tulip bulbs became more popular than the suppliers could keep up with.  At the date of this writing, we have a quite different "problem" with refined oil products.  There is no supply shortage at all, in spite of the unrest in North Africa and the Arabian Peninsula.  Unlike the USA and parts north, those countries do not discourage oil production.  If the rest of the places on earth that have oil reserves actually encouraged oil production and refining, the price would be lower and more stable.  Additionally, oil is hard to "hoard" once it is removed from its natural container of rock.

What amazes me about every single person who tosses the "hoarding" accusation is that they are so passionate about the high price of something that they don't have a use for.  If you are in the electronics or jewelry industry, you do have uses for gold and silver.  The complainers are never manufacturers of products that use gold or silver, they are people who want to buy some cheap and wait until it is valuable, i.e., they want to engage in precisely the same behavior that they are carping about.

So, what are they really complaining about?  They are complaining about a perceived behavior that they do not like in others, but it is perfectly fine for them: buying and holding assets.  In other words, they are authoritarians and hypocrites.

The "solutions" for getting someone to sell their property "soon" are: offering a consideration that they will accept, stealing it or having the government steal it from them.  That is a pretty short list and covers all the bases.  The next time you hear someone complain about "hoarding" just ask them what they propose as a solution.

Additionally, if they attempt to use as evidence that a price of something (usually tulip bulbs) was high once and cheap now ask them if they really, truly believe that the highest price anything attained is supposed the be the only price until Sol becomes a Red Giant, or are fluctuating prices more the natural order of things?  Salt is no longer used as money either.  Any complaints about that?  Mayor Bloomberg, take down your hand.

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07 March 2011

Mrs. Fred Speaks Out About Her WMAL Dismissal

Will WMAL change its call sign to KPLO?
Another followup to this and this in the ongoing WMAL vs. the Grandy's story.

Catherine Mann, aka Mrs. Fred
Mrs. Fred | WMAL dismissal | The Daily Caller - Breaking News, Opinion, Research, and Entertainment:
"I’m not sure exactly what I said that they objected to, but if I had to guess, I’d guess it was how I concluded the show: “If I don’t return next Friday to continue this discussion, you’ll know that CAIR has successfully put pressure on WMAL — and the radical Muslims have won.”

Needless to say, my dismissal bothered me a tad. For a long time Fred and I have both believed the struggle against Islamic extremism is a secret war most Americans don’t even know we are fighting — and losing. We need more intelligence, not less.

Major Hasan
When management disagreed, Fred felt his microphone had also been muzzled and he resigned. That bothered me too. Now he’ll be around the house all day.

But you know what really bothered me? It was waking up not 24 hours after our broadcast careers abruptly ended to learn two American soldiers on their way to Afghanistan had been shot dead at the airport in Frankfurt, Germany, by some 21-year-old kid from Kosovo shouting “Allahu Akhbar” — the same thing Major Hassan shouted."
Italicization mine.

While I support the Grandy's in their efforts to get the truth out about Sharia, especially Sharia in America, I also support the rights of the microphone owners.  Property rights rule with me, so it should be no surprise that I find nothing "wrong" with what WMAL did.  They have a thriving business and the popularity of the content is pretty high on the list of items of importance in the calculus of their operations.  They are not exactly The Pacifica Network, The National Review or The Reason Foundation, they operate on a for-profit basis.

The one WMAL source of mine did mention the ratings and how the share of the show would drop when Mrs. Fred began doing the Sharia segments.  Everything else she did was popular, but the Sharia segments lost listeners.  Mrs. Mann-Graham does not mention that directly, but she indicates it in the second paragraph of her editorial.  This is a key element that cannot be dismissed.  Sure, some shows do not need a broad audience to be profitable.  The Imus in the Morning show is probably the most visible example of a drive-time talk radio show that has a very small listenership, however the listeners he has are courted by advertisers who spend great amounts of money for commercial time, segment sponsorships and mentions on the show.  On the other extreme, Rush Limbaugh has had the biggest audience in radio for years and his loyal sponsors pay great amounts of money to reach many people.

All that said, WMAL lost me as a listener when Fred Grandy resigned.  From the online circles I haunt, it sounds like they lost quite a few more than just me.  Granted, the ones they retained may outnumber those of us who moved down the dial to 570 AM WTNT or to internet streaming from other markets and I trust that they were well aware of this when they decided to remove a topic of such importance from The Grandy Group offerings.


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9/11 Video from NYPD Helicopter via Cryptome

Video courtesy Cryptome.Org. See link below the video for still photo collection link.  Released 6 MAR 2011.

"A related collection of 153 still photos from another NYPD helicopter:
http://cryptome.org/0001/wtc-nist-gjs/wtc-nist-gjs.zip (64MB)"

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