Archive for October, 2019

The end for Harold Camping

Tuesday, October 29th, 2019

“They” say you are not really dead as long as someone remembers you.  Harold Camping may have died this week.

You might remember him as the head of Family Radio, the numerologist who predicted that the rapture was going to happen on May 21st, 2011.  He indebted his organization buying billboards since there was no reason to worry about May 22nd, 2011.  He backpeddled as this was the second time he had predicted the end times with certainty.  He had a stroke and his body died in 2013.

The organization he left behind has been rudderless.   They sold some licenses and finally pulled the reruns of Mr Camping’s rants and replaced him with a guy who insists the world is only 8,000 years old.

https://www.christianpost.com/news/family-radio-selling-stations-moving-headquarters-to-nashville.html

The organization is moving from Oakland California to Nashville, TN and plans to unload stations that are losing money.

 

Following in the Footsteps of National Socialism

Sunday, October 6th, 2019

Both Elizabeth Warren and ailing presidential candidate Bernie Sanders are proposing the notion of a “wealth tax” on the “ultra rich”.   This is a fundamental change in how our government would pretend to be funded, and it has an ugly precedent going back to the 1930s.

Here is their idea:

https://www.businessinsider.com/wealth-tax-bernie-sanders-elizabeth-warren-difference-explained-chart-2019-10

Elizabeth Warren is particularly devious in that she describes it as “just two cents” for the ultra rich, rather than 2% of confiscation of total wealth per year.

In order to have such a tax, the government will need to set up a system for people to register all of their property in order to prove that they are not subject to the tax.  You can be certain that once the system is in place, the wealth tax will no longer be only for billionaires and will no longer be 2%.

After Germany seized control of Austria in 1938, they created a law requiring all Jewish people to register all of their property, as a prelude to confiscating their wealth and worse. 

https://www.smithsonianmag.com/history/1938-nazi-law-forced-jews-register-their-wealthmaking-it-easier-steal-180968894/

If you wanted to leave the country, you had to hand over 50% of your wealth in order to be allowed to leave. That is straight from the Engles principles of communism and a frequently recurring proposal from Democrats any time they are preparing to raise taxes.

Next time you hear a Democrat say we need to make “the rich” pay “their fair share”, replace “the rich” with “the Jews” and you will understand what they are really doing.

 

Stock Trades were meant to be free?

Thursday, October 3rd, 2019

E*trade has joined Charles Schwab and TD Ameritrade in eliminating trading fees on retail stock trades  (and other financial products).   The dirty little secret is that $5 per trade fee was never the reason your online brokerage loves you.

The real profits are in earning a portion of the “spread”, the difference between the price to buy a stock and what you receive when you sell the stock back.  Retail brokers have long participated in “payment for order flow”, where a wholesale trading firm earns the spread and gives a portion of the income to the retail firm.   The business practice was an innovation created by Bernie Madoff, one time head of NASD, which decides the rules for trading in cooperation with the SEC

https://www.bloomberg.com/quicktake/payment-for-order-flow