Category Archives: 2013

Twilight Zone banking – 1% interest on your savings! Get it while it’s hot.

The US Federal Reserve and its branches oversee these matters, while staying in the background and keeping a low profile.

The US Federal Reserve and its branches oversee these matters, while staying in the background and keeping a low profile.

Hi readers.  Thanks for coming by for a read.

An acquaintance of mine sold off his home and land elsewhere a while back, carried the note.  But the buyer payed off the whole thing unexpectedly far in advance of when it was due.

So my acquaintance suddenly found himself with almost a million bucks rolling around in his wallet wondering what to do with itself.  Checked out money market, certificates of deposit, all the usual suspects figuring to make some interest on it as savings.

And suddenly found himself in Twilight Zone.  Nobody’s paying interest on savings anymore, to speak of.  The best interest he could find was 1%.  Lucky to get that much.

So what the hell does that mean?

Heck, I’m clueless.  My whole life it’s been background culture and policy, tradition, that savings were a good thing to do, prudent, wise, encouraged by government and banks alike.  I think the worst interest I’ve ever known of in my life for savings was US Savings Bonds they hammered us into buying when I was in the military.  Those paid 3% or so, and we all believed we were being raped.

About all I can figure is that banks are making all their money these days off high interest and fees on credit card debts, so much so they don’t need savings of investors to loan out.  Don’t want to be having to share their profits in the form of interest payments with people who just save money in their institutions.

But I also think it must all go back to the smoke and mirrors of the Federal Reserve ghosthood, and who-knows-what-else involving stuff I can’t begin to imagine.

But if they’re only paying 1% interest on a million bucks, seems to me the government ought to be getting off fairly light on interest payments for the deficit loans.  The folks loaning the government to keep going ought to be able to feel rich drawing 2% increase, say, on umpty-ump trillion quadrillion buzzillion dollars.

Somewhere in all this Economics 101 circa 1970 flees to Atlantis and sinks into oblivion.  We’ve entered the Twilight Zone where no man has gone before.

Old Jules

Unfair victimology

Hi readers.  Thanks for coming by.

The white kid, lower left needs to start keeping notes now if he's ever going to catch up.

The white kid, lower left needs to start keeping notes now if he’s ever going to catch up.

I was talking to the cats and Old Sol this morning about how white women really get screwed in the victimology department.  They only have white males they can blame for everything bad that ever happened to women.  And even the rights they have were given to them by white males instead of them getting to fight for them and win them, so to speak.  If white males hadn’t given them the right to vote they’d never have gotten that right.

Robs hell out of the macho of white-woman victimhood militancy.  Creates all manner of demands for illusory constructions of reality.

Hispanic women have it somewhat better.  They don’t bother blaming males for their historic problems because they can blame white people, both male and female for their downtrodden-ness.  Same as Hispanic males.  And militant Hispanic females have a lot more macho as a consequence.

Black females have it next-to-the-best of all possible worlds.  Black men, too.  They’ve got ancestors who were enslaved by just about everyone, including blacks.  So black females don’t put much energy into blaming men.  They can blame whites and Hispanics of both genders with impunity.  There’s only one group of people anywhere who hasn’t enslaved blacks, and that’s American Indians.  Native Americans.

Native Americans have it all.  Sheeze, they can blame everyone, including other tribes of Native Americans for their troubles.  And Native American women couldn’t give a crap less about blaming men for anything.  They’ve got a target-rich environment that includes everyone.

Damned black US Cavalry buffalo soldiers, slave-taking Utes and Navajos, you name it, Native Americans have got it in the victimhood reign of terror.

But it brings us wealthy, even less-than-wealthy white males into a somewhat untenable, target-poor blame environment.  About all we’ve got is welfare mothers and ex-wives to blame for our lousy situation.

Old Jules

The only thing that ever scared the US Congress

Hi readers.  Thanks for coming by for a read.

The framers of the US Constitution were careful, careful, careful to put as much distance as possible between the voting citizenry and the people running things in Washington.  They did their best to make it near impossible for groups of individual citizens to directly recall elected officials, judges, anyone capable of directly influencing the activities of government.

That’s because they didn’t want the Boston Tea Party running things.  Simple as that.  They knew the people who’d be elected to office would be people who could afford to campaign.  Wealthy property owners who could afford to leave their jobs to serve in Congress.  People who’d respect the property rights and interests of other wealthy people.

So they deliberately left out any provision for direct citizen initiative or referendum demands related to laws, changes in the Constitution, replacing federal judges, getting rid of corrupt or incompetent elected officials.

But they did provide the illusion of the possibility for changes in Article V of the Constitution.  A demand, not by citizens, but by states for a Constitutional Convention.  And every time there’s ever been a demand by states approaching likelihood, the US Congress suddenly saw the error of their ways.

States have demanded an Article 5 Constitutional Convention a lot of times since 1787.  Never, not once has one happened.  You can see a list of the tries at http://en.wikipedia.org/wiki/List_of_state_applications_for_an_Article_V_Convention

According to Article V, Congress must call for an amendment-proposing convention, “on the application of the Legislatures of two thirds of the several States”, and therefore 34 state legislatures would have to submit applications. Once an Article V Convention has proposed amendments, then each of those amendments would have to be ratified by three-fourths of the states (i.e. 38 states) in order to become part of the Constitution

http://en.wikipedia.org/wiki/Convention_to_propose_amendments_to_the_United_States_Constitution

Plenty difficult enough to reduce the possibilities of it ever happening.

The next nearly-successful attempt to call a convention was in the late 1970s and 1980s, in response to the ballooning federal deficit. States began applying to Congress for an Article V Convention to propose a balanced budget amendment. By 1983, the number of applications had reached 32, only two states short of the 34 needed to force such a convention.[18] Enthusiasm for the amendment subsided in response to fears that an Article V Convention could not be limited to a single subject and because Congress passed the Gramm-Rudman-Hollings Act, which required that the budget be balanced by 1991 (but that Act was overturned by the Supreme Court in 1986).[18]

http://en.wikipedia.org/wiki/Convention_to_propose_amendments_to_the_United_States_Constitution

As you can see, the states have been concerned about the Federal deficit a longish while.  Congress sidestepped a Constitutional Convention by promising promising promising they’d mend their ways.

But as you can also see, they gave it a wink and nod as soon as the danger of an Article V Constitutional Convention ceased to loom in front of them.

So what can you as a citizen, as a voter, as an unhappy frustrated idealist do?

Not a damned thing except grin and bear it.  The US Constitution is not about you.  Quit thinking it is, quit whining about it, quit worrying about it.  Human beings generally haven’t had a lot to say about what demands their aristocrats would choose to make on them.  And at least for the moment it could still be a lot worse than it is.

Old Jules

A national referendum – “Giddyup 409, or a war somewhere?”

Hi readers.  The cats and I were thinking about how, if we didn’t have representative democracy we could deal with priorities directly by national referendum what with 21st Century communications.  Decide important matters directly based on what Slippery Sal the Waterfront Gal, Professor Hoodwink, Carlos the hamburger flipper and Daddy Warbucks all want for the best of everyone.

  1. Would you rather have $1 per gallon gasoline and go back to driving Rocket 88s and Giddyup 409s, or have a war somewhere?
  2. Would you rather have a job, or have everything imported from China?
  3. Would you rather deal with a multi-national bank, or have your financial affairs with a state or local credit union?
  4. Would you rather have a War on Drugs and more prisoners in the slammers than anywhere else in the world, or would you prefer to let people make some lousy decisions in their personal lives?
  5. Do you feel more threatened by the Mafia, foreign terrorists, or Homeland Security?
  6. Would you rather force US parmaceutical companies to sell prescription drugs at the same price they’re sold in Mexico and Canada, ot let them rape you and whatever kind of insurance you have?

That sort of thing.

I’m not suggesting it’s right, what regular people would want from the government, but it’s sort of a cultural given that it’s what we’ve always been led to believe this democracy thing is all about. 

If the most people in the country want, say, to put severe restrictions on pharmaceutical companies and force them to price medications at the same rate they’re available in Canada or Mexico, heck, someone ought to ask them.   After all, it’s a government of the people, by the people and for the people we’ve been told. 

And if the most people want to move the seat of government to Omaha, Nebraska, someone ought to find out it’s what they want and do it.

But of course it ain’t going to happen.  Because whatever we might have been led to believe, this thing in Washington DC we call a democracy isn’t anything remotely similar to a democracy unless the definition of the word democracy gets some twisting and turning, wringing out.

Nothing wrong with lying about it and saying it is, but recognizing our own lies to ourselves might help us deal with what we actually do have instead of democracy.  Might allow us to just laugh it all off, as it richly deserves.

 I have a feeling if there’d been any national referendums beginning sometime around 1950 until now this country would look a lot different than it does now.  Might actually look better in some ways, though we’d have a lot more Rocket 88s going down the highways.

Old Jules

Too much non-military spending is the problem

Hi readers.  Thanks for coming by for a read.

The cats and I were trying to understand what all those useless eaters were fighting about in Washington DC.  Decided it must be unhappiness about the way the money was spent in 2013, so I went for a look.

As you can see, a huge percentage of the discretionary money wasn't spent on National Defense in 2013.

As you can see, a huge percentage of the discretionary money wasn’t spent on National Defense in 2013.

Turns out there are two types of spending going on.  Mandatory spending is one, discretionary is the other.  The chart above depicts where they spend the money coming out of taxes and they can tweak.

The “Social Security & Unemployment” and “Medicare & Health” take on a major fraction of the federal spending, amounting to about 58% of the total outlays, whereas “Military” spending appears to amount to just 18%. The problem with this representation is that the Social Security & Medicare are parts of the mandatory spending directly financed by the dedicated revenue raised from payroll taxes, as imposed by the Federal Insurance Contributions Act (FICA), not through the Federal income tax and thus represents a different Treasury account.

If we separate the mandatory spending and look only at the discretionary spending component appropriated by Congress on an annual basis and for which all the federal programs compete, a very different picture arises.

http://beforeitsnews.com/alternative/2013/10/us-military-spending-the-17-foot-tall-insectoid-robo-warriors-from-the-planet-zandor-2788430.html

Probably that enormous portion of the budget being frittered away on non-defense spending is what has those people upset and shutting down the government.  Each one of those non-defense slices could be halved or quartered easily so’s to provide a means of continuing and even increasing defense spending without anyone feeling the pinch.

There's no way any US citizen has any business feeling safe when we aren't even matching the combined rest of the world in military spending.

There’s no way any US citizen has any business feeling safe when we aren’t even matching the combined rest of the world in military spending.

The US isn’t even spending half as much on national defense as the rest of the world combined is spending on theirs.  It’s no wonder those elected representives and senators are digging in their heels.  They’re scared.

Congress knows their primary responsibility is to protect the citizenry from foreign invaders and likely they won’t give an inch until they know they’re doing it.

Old Jules

Furshlugginer trailer lights

power supply

Sheeze.  These old original equipment lights on this trailer Gale abandoned forever ago appear to have had the problem of a short in the license tag light.  But the harnass was cut off up front I’d guess because it was blowing his fuses in the vehicle, and he’s been using add-on magnetic held lights.

harness

So what I’ve got is four wires up at the tongue, a brown, white, green and yellow.  The white’s ground as nearly as I can tell.  The green and brown are both somehow significant because combinations of them with one another and each of them with the yellow will do things.

left bottom trailer light

One combination lights all four tail-lights, one lights both bottom ones, one lights right-bottom, one lights left bottom.

Your average 21st Century man ought to be able to conclude something from all that besides the fact the lights get juice from the tongue to the rear and that all of the bulbs are good.  Ought to be able to say, ahh.  Now I know where to go from here.

But I’m damned if I’m that 21st Century man.

Old Jules

Superstitious flies

Hi readers.  When something doesn’t march lockstep to scientific theory it’s superstition.  So a lot of what honest-to-goodness scientists spend their time doing is finding out whether what they’re observing is superstitious or not.

Scientific investigation reveals most, but not all flies here are superstitious.

Scientific investigation reveals most, but not all flies here are superstitious.

I was having a plague of flies around the door to the RV because of the cat food in bowls inside the door.  The neighbor told me he’d had good luck running most of the flies off by putting water in baggies and hanging them around.

superstition 2

Approximately 2.749% of the flies at this location are scientific, allowing them to rest in the vicinity of the RV surface.

“Hmmmm.  Superstitious flies he’s got up there,” thinks I.  “Wonder if it’s the same breed trying to eat the cat food.”

Though a few scientific flies do come to rest around the door, sometimes on the baggies, they appear to be stupider than superstitious flies.  They're one hell of a lot easier to swat.

Though a few scientific flies do come to rest around the door, sometimes on the baggies, they appear to be stupider than superstitious flies. They’re one hell of a lot easier to swat.

So naturally I gave it a try.  Swarms of hundreds of flies are darting around ten feet from the door but not approaching.  These are obviously the superstitious flies.

Naturally being a scientific sort of guy I don’t pay much heed to superstitious flies.  But the scientific ones piss me off enough to swat them because the theories they guide their lives by aren’t the same ones I’ve memorized to say to people.

Old Jules

“It’s just you and me here. Do we want to go to war?”

Hi readers.

An email acquaintance who has a mining claim on Federal land in New Mexico sent out an anecdote to his email friends about an incident this weekend.

He headed out to his claim, bypassed a barricade, and began doing what he always does there.  He was spang in the midst of doing it when he looked up and a guy in a USFS law enforcement uniform wearing mirror sunglasses was scowling down with his hands on his hips.  “Come out of there.  You are going to jail.”

He scrambled up onto the bank and stood face-to-face with the sneering mirror sunglasses.  “This is a filed mining claim.  My fees are all paid, everything’s legal here.  I have a right to be here.  What law do you think I’m breaking?”

Mirror sunglasses ran his fingers over his holster.  “This is Federal land.  You are trespassing.  You’re either leaving or going to jail. “

“I’m armed too.  Get your hand away from that holster and don’t even think about pointing a pistol at me unless you want to shoot me.  I’m not doing anything illegal.  You are.  Get the hell out of here, or try handcuffing me and we’ll see what happens.  It’s just you and me here.  Do we want to go to war?”

Mirror sunglasses stepped back and assumed a gunfighter stance, the ghost of Billy the Kid in a USFS uniform.  Then he must have considered what he was doing and come to his senses.  “I can have backup out here in half-an-hour.  If you’re still here you’ll be in a lot of trouble.”

He backed to his vehicle, glared again, and drove away.

The miner did some thinking on his own part and decided the price of a shootout with the Forces of Darkness wasn’t the lesser of evils in this situation.  Loaded his gear and headed back to civilization, figuring he’d meet the US Cavalry on the road.

But he didn’t encounter anyone.  He says he hasn’t decided whether to try it again next weekend.

Claude Dallas is evidently alive and well in the boondocks.

Old Jules

Defeating the Forces of Darkness with a screw-driver

Hi readers. 

These fall pre-dawns are probably what the Universe intended as an injection of involuntary joy into the lives of our ancestors.  Knowing they’d come through the hard times of summer and that hard times of winter were on the way, likely the Universe figured a pre-dawn sky would perk them up and remind them life is bigger than second-best. 

Made progress on the trailer yesterday, and as soon as the cats and I get Old Sol prayed up I’ll be out there, hopefully finishing off the job today.  The neighbor up the hill had screwdriver heads with stars, which is speeding things up. 

Gives me the shudders to think how hacked off it probably makes the forces of Darkness to have someone actually using the proper tool to apply.   The guy who thought of using arcane fasteners requiring special tools to hold things together is probably getting extra pokes with pitchforks down there where things are hot.  Likely the same guy who designed the starter on the 1991 Toyota 4 Runner and placed a bolt so’s it couldn’t be approached without a cutting torch.

I’m guessing he was probably the same guy who worked for General Motors in the 1960s and designed a distributor on a 283 engine placed in such a way as to require  a previously unimagined wrench to adjust the timing. 

Sunrise is working into the east since I began writing this.  Looks as though we’ve got a red morning coming up on us, but the cats and I aren’t sailors, so I’m figuring Chevi 283 timing bolts and Toyota 4 Runners aside, I’m going to get that door the rest-of-the-way fixed this morning.  Then go on to bigger things and get the trailer lights working, though that might require rewiring the whole shebang from the tongue to the red lenses at the back.

Working on something fairly good in concept that’s been beat-to-hell by years and use has a refreshing side.  At least it does once a person gets past the engineers screaming their heads off down in hell because you bypassed planned obsolescence.

Old Jules

I wonder if we oldsters are different

Hi readers.

The representative democracy elected government useless eaters and the various space aliens running things know younger people are nothing but a bunch of sheep trapped in career paths, credit ratings and compulsive consumerism.  They know most of them have never stepped far outside the boundaries of control-created behavior and never will.  They know their heads are loaded with frenzied propaganda-induced rabidity of opinion safely within the fences.

But what those useless eaters in the White House, Congress, and all the societal traps of career paths have never been is old, been-there-done-that on most things, and trapped in promises made by useless eaters of the past.  Promises that if we handed over pieces of our incomes for half-century, they’d set it aside, nurture it, and feed it back to us when we got too old to make a living.  One month at a time, every month.

Come rain, shine, four horsemen of the whatchallit, apocalypse, Chinese invasion of toasters, utopian government sawbones free-for-alls, Drug Wars, supporting our Freedom Fighters against their Terrorists, whatever.

We oldsters have broken enough promises in our lives to recognize what a broken promise looks like.  And a lot more of us than anyone might imagine don’t have a lot to lose.  Whole different animal from those on the under-side of 65 circuits around Old Sol.

Some of us also have a mean-streak we’ve gone to a lot of trouble to subdue during our lives.  And some of us probably figure when it comes time to get off the pavement going through the fence is as good as going over it.

I say this because of the workings of my own, personal mind.  And that doesn’t assume the way my mind works necessarily rhymes with the workings of the minds of others in my situation.

For myself, I’ve got three cats I’ve got a contract to feed as long as I’m alive to do it.  It’s a contract I hold dear, as important to me as anything in my reality.  Those cats are going to eat one way or another, so long as anyone in the United States has a plate of food in front of him.  So long as I have the ability to make it happen, by any means whatsoever.

The promises made back when I was feeding the US government pieces of my income and trusting them to set them aside were written into law, and those laws haven’t changed.  But when the US government jumps the tracks and becomes a legion of lawbreakers and the laws they break influence whether my cats eat, all bets are off. 

The government can prove by prima faci evidence they didn’t mean it when they made their laws.  But they can’t do it surgically, selectively.  If the laws don’t apply to them, they don’t apply to anyone.  Not just the laws they picked to break, but all the laws on the books.

But hell, that’s just one old guy saying it.  What the hell do I know?

Old Jules