FreeMarketDuck.com  Thursday August 07, 2008

Idaho's Weekly Journal of Local & National Commentary - Week 3208
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"Sandwiched in between a young Protectionist state and an old Communist regime is a thin slice of Socialist baloney; Freedom comes only a la carte."
...FM Duck

Historical Quack Offs

 Quack Off               

 

 

by Free Market Duck

“Covered Bonds” new mortgage gimmick by “Banksta Gangsta” Treasury Sec Hank Paulson
(Aug 01, 2008)

 CEO corporate welfare recipients at Bank of America, Citigroup, J.P. Morgan Chase, and Wells Fargo kissed their Washington Godfather’s Fascist Business Model butt – Hank Paulson’s -- on national TV last week and said they would be glad to issue banksta gangsta Paulson’s “Covered Bonds” as a new mortgage scheme in their ongoing subprime slime mortgage crime.  “Covered Bonds” is a popular method of counterfeiting the money supply in socialist Europe to finance their currently crashing mortgage market.

Washington, DC – Just when you thought the monetary gangstas down at the Federal Reserve and U.S. Treasury couldn’t dream up another way to pump another coupla trillion dollars into the hyper-inflated mortgage market, pour yourself another hot cup of Rocket Java and listen up girl friends.

    Are you wondering why in hell it’s so important for the Administration, the U.S. Congress, the Fed Reserve central bankers, the U.S. Treasury, and all the major banking institutions and their affiliated mortgage companies to try and keep housing prices higher than the Moon?  I mean, think about that for a moment.  Nobody is screaming to keep oil prices high.  Nobody is trying to keep food prices high, or keep car prices high, or trying to jack up the price you pay for utilities, computers, furniture, and yo-yos, right?  In fact, in a free market economy, the goal is to bring prices down, not up.

    So why is the entire banking industry, the Federal Reserve, and the Treasury Dept bending over backwards to try and prevent America’s housing prices from going down?  One would think that the entire U.S. market is economically dependent upon one commodity:  homes.  Not computers, not cars, not steel, not nano-technology, not lollipops but only homes.  Why?

   The reasons are simple.

   First, the housing industry is the pipeline that the central bankers are using to inject their counterfeit paper money into the market to earn billions of dollars.  Let me restate that:  the central bankers, the Federal Reserve, and their member banking institutions have chosen the mortgage industry as the main route by which to implement their fiat monetary schemes.  “Fiat” means “forced” money not backed 100% by gold or silver or any other tangible asset, and not redeemable by the bearer upon demand.

   Therefore, the last thing the bankers want is for housing prices to go down because the bankers would be holding, for example, $500,000 mortgages whose market values are dropping to $250,000 with home owners walking away from their upside down, or negative, mortgages.  While on net – even after billion dollar write downs -- the entire banking institution has earned billions of dollars in their front-end subprime mortgage schemes and subsequent back-end “selling” of funds supposedly “backed by” those same mortgages to, for example, pension fund managers investing old folks’ pension savings into those mortgage funds to earn interest, the bankers cannot allow the housing market to collapse or their entire future house of cards – both the front-end interest and the back-end funds selling – will come crashing down around their ears.

   And that, mes amies, is why Treasury Secretary Paulson, Fed Reserve Chief Bennie Bernanke, and the entire banking industry will do anything to prop up the housing industry:  because, once again, the home mortgage industry is the major pipeline, the major vehicle, the main methodology by which the bankers are injecting their counterfeit Dollars printed up out of thin air.

   While the bankers have tried to claim that their mortgages are “collateralized debt obligations” (CDOs) because the mortgages they issued are backed by physical homes, two big questions are:  (1) from where did the bankers originally obtain their mortgage money if not by from the Fed Reserve who created it out of thin air, and (2) if the physical home really is backing for the paper mortgage, how can the bankers use the same physical home for “collateral” again for another piece of paper called a "hedge fund" for people to invest in?  How can the banks use a CDO backed by a physical house simultaneously as a Structured Investment Vehicle (SIV) backing pension funds that they sell to old folks and others?

   If the old folks in the pension fund held the actual mortgages, that's one thing.  But they don't.  The bank holds two pieces of paper and is making money twice:  (1) the home mortgage paper on which the home owner pays the bank per month, and (2) the hedge fund paper for which the bank has already received the total money from the old folks who are investing and hoping to earn interest.  Wow, double duty as the bank collects twice the money on two pieces of commercial paper both backed by one chunk of tangible property (whose current market price, by the way, is crashing).  This could best be described as fractional reserve home mortgage banking and is not much different than fractional reserve bankers issuing more gold certificates than the amount of redeemable gold in a bank on the premise that not everybody will run on the bank to redeem their certificates all at once.  And that's exactly what modern mortgage bankers have done:  fractional reserve banking using houses instead of gold.

   But it gets worse.  By using the second piece of paper in this example, a hedge fund, as supposedly legitimate backing for another hedge fund backed by the original house, and then expanding more and more pieces of new hedge fund paper in the same manner, the bankers have expanded the concept of fractional reserve banking to the housing market and thereby greatly expanded the U.S. money supply -- i.e., hyper-inflated the U.S. Dollar.  All this snowballing debt is based upon the value of one house claimed as "collateral."  Multiply this scenario times several million home owners who are defaulting on their mortgages and another umpteen million pensioners who have invested in these same "mortgages masquerading as hedge funds" and you have our current mega-trillion dollar mortgage market mess created out of thin air by America's banking and investment community on Wall Street.  This mortgage mess could never have happened unless it was financially fueled by the central bankers at the Federal Reserve and the U.S. Treasury Department pumping trillions of new dollars into the U.S. economy via member banks and their investment buddies on Wall Street. 

   This Ponzi Scheme by America's bankers is like me selling my ’57 Chevy twice, with each buyer holding fake copies of a pink slip for one car.  The first buyer pays monthly payments to own the car and gets to drive it around town.  The second buyer gives me $50,000 to own the car and earn interest on his “investment” but never sees the car and never gets to drive it.  Wow, tricky me.  I'm using one car to make the same money twice.  If I want to get really tricky, like today’s bankers, I could “sell” the pink slip for my ’57 Chevy to a million people, mix that money with other debt paper instruments, feed the total into a computer and “slice and dice” the total into different non-traceable (non-traceable to my ’57 Chevy) SIVs, and re-sell those new SIVs to other banks and investment institutions (hello European banks).  If the value of my ’57 Chevy collapses, everybody holding the new SIVs have no traceability to the ’57 Chevy pink slip, and that, mes amies, is exactly what is happening to the bankers in the housing mortgage industry:  home prices are collapsing and thus endangering their future Ponzi Scheme for using the mortgage industry as the main pipeline to inject future Fake Dollars into the economy.  And nothing is traceable to a real tangible commodity, especially the houses that were touted as backing for the CDOs and SIVs.  That’s why banksta gangsta Hank Paulson and his partners in crime at the Federal Reserve and its member banks are so worried about the nation’s collapsing housing market.  They created the mess based upon faulty economic premises and don’t know how to get out of it.

   In fact, the real mess is not a mortgage collapse but rather a U.S. Dollar collapse.  We have a U.S. Dollar bubble that will soon implode like Enron on anabolic steroids.  There is no shortage of houses; there is a huge oversupply of Dollars.  It’s called hyper-inflation of the money supply and the newly enacted Mortgage Lending Act just signed off by President Bush will probably push America into another huge round of more hyper-inflation or instigate the final blow that will crash and burn the housing industry.

   How did we get here?

   We are not living in a free market economy.  As soon as the U.S. created the Federal Reserve in 1914, a private central banking cartel, and went off the gold standard in 1971, we moved into a “highly managed” socialist style economy with central bankstas driving the monetary truck with a policy called “targeted inflation.”  That’s right.  Inflation on purpose.  It’s part of modern economic theory today and you can see where it has gotten us.  Just take a trip to the grocery store or a gas station and eyeball the prices.  Remember, the bankstas did it on purpose:  inflation of your money.  And they did it, mostly, through the housing industry.

   As stated above, the bankstas earn their money at both ends of their loans:  (1) interest on the mortgage loans to home buyers and (2) brokerage fees from selling the same home-backed homes (now collapsing) as hedge funds to investors.  In other words, the genius of the central bankers is that they have contrived an extremely clever method by which to counterfeit the U.S. Dollar, loan the counterfeit money to the U.S. Government as a “National Debt” or loan the counterfeit money directly to the Federal Reserve’s major member banks as a “Treasury” or other type of loan, then restructure the counterfeit money into subprime and other mortgage loans, use the mortgage loans (the homes) as so-called “backing” for fancy-sounding hedge funds, which are then sold to investors so the bankers can make more money.

   The Central Banking Merry-Go-Round continues until this artificially-created boom-bust cycle bursts its hyper-inflated bubble and all hell breaks loose in the inflated housing market when home prices start falling and home owners default on their mortgage payments.  Then, as predicted by free market economists, it spills over into the general market such as gas and food and -- in a faux attempt to "save" everybody from this mystery madness -- all the deficit spending whores in Congress run around like chickens with their heads cut off blaming everybody except themselves and the bankers for inflated prices.  The deficit prostitutes in Congress immediately start babbling about, and then implementing, stupid “recovery” programs that do nothing but exacerbate the original problem, which can be summed up as:  going off the gold standard and allowing fractional reserve banking by a central bank.

   So, gangsta banksta Hank Paulson and his banking buddies are working overtime in dreaming up new methods to keep their hyper-inflated housing market not only from collapsing but also to reach new pricing heights of absurdity.  Fannie Mae and Freddie Mac have just been granted unlimited access to counterfeited Dollars from the Treasury Department and Jumbo Loans have been increased from $417,000 to $729,000 to keep this counterfeit monetary fiasco going.  At this rate, billion dollar houses are just around the corner.  (By the way, Zimbabwe just erased ten zeroes off its hyper-inflated currency and devalued its money by 10 billion to one.  The cost for a loaf of bread had reached over 100 billion Zimbabwe Dollars.  The U.S. would never go in that direction, would it?  Nooooo.)

   Now that we know why Treasury Secretary Paulson and his banksta gangstas need to continue propping up their hyper-inflated mortgage industry, the question is:  what’s next on their agenda regarding how to continue their fiasco?

   Camouflaged as an “aid for mortgage lending,” Paulson and his Monetary gangstas have devised another subprime mortgage method – imported from European central bankers -- called “Covered Bonds” to inject even more counterfeited U.S. Dollars into the market to keep home prices sky high and urge the banks to keep on injecting those Funny Money Dollars into the economy.  The big diff, says Paulson, is that the banks will hold a pool of counterfeited Dollars on the bank’s books instead of the bank’s off-book accounting subsidiaries.  Wow.  Like how is that supposed to stop the current housing crash?  Or even solve the problem of “bundled” SIVs and no mark to market prices?

   The truth is, “Covered Bonds” are no different from the previous hyper-inflated subprime slime and the Structured Investment Vehicles (SIVs) that the bankers ridiculously issued the last time around to create the current mortgage mess.  In fact, by expanding the mortgage market to “Covered Bonds” instead of letting the housing market collapse and clear its prices through a free market process, Paulson is simply pouring more fuel on the housing fire.  Then again, we know why the bankers are attempting to keep their monetary Ponzi Scheme going:  the mortgage market is their major pipeline for injecting their counterfeit Dollars into the economy.

   Note that if America dumped the Federal Reserve central bankers and used real commodity money such as gold and silver, and no fractional reserve paper – as mandated by the U.S. Constitution -- we would not have gotten into our current economic mess.  The simple solution:  time to get back to the U.S. Constitution and real commodity money. – FM Duck   

Historical Quack-Offs:

Misc:

07-17-2008
History of Fannie Mae and Freddie Mac reveal gross corruption, fundamental flaws  More...

07-03-2008
Zimbabwe inflation hits 1,000,000% per year…
Government central bank issues new $50 Billion denomination notes as paper currency becomes worthless 
More...

06-23-2008
Idaho Supreme Court enforces socialist health care law…
Taxpayers must cough up $187,000 for illegal immigrant’s heart attack 
More...

06-04-2008
Obama-Clinton “nightmare ticket” promises to drag U.S. down the road to serfdom via Marxist socialism  More...

05-30-2008
Idaho Pub Ed System Run by Village Idiots?...
State Board Asks Feds to Restart Failure Clock for “No Child Left Behind” Program 
More...

05-23-2008
Global Monetary Recap - 1944 to 2008  More...

05-21-2008
Kempthorne Hugs Polar Bears, Bankrupts America  More...

05-16-2008
Yeah, Kempthorne, "Cough up" those gubernatorial records, will ya?  More...

05-11-2008
Idaho:  nuclear waste dump of America  More...

04-22-2008
2008 Legislative Report Card for Idaho: F-minus More...

04-01-2008
Fed scientists discover new element in Periodic Table of Elements:  Paper  More...

03-25-2008
Gov Butch Otter signs corporate welfare Bill for $2 billion Uranium-235 enrichment plant to set Idaho up for Perfect Nuclear Storm:  a radioactive, volcanic firestorm on top of Snake Plain Aquifer's Lake Erie  More...

03-17-2008
Who Killed the U.S. Dollar?  More...

03-08-2008
Prescription for Prosperity:  A Comprehensive Economic Revitalization Plan  More...

03-13-2008 Revised
Idaho Grocery Tax Rebate to equal 9/10 of 1% of your grocery bill?... Ooooh, Whoop-tee-doo, Governor  More...

03-03-2008
Idaho Grocery Tax Rebate to equal 3/10 of 1% of your grocery bill?... Ooooh, Whoop-tee-doo, Governor  More...

02-22-2008
Idaho Legies create Perfect Storm:  yellowcake plus Yellowstone plus Snake Plain Aquifer equals radioactive Super Volcanic blast  More...

02-14-2008
Parliament of Whores admonishes one of their own  More...

02-10-2008
Anybody Seen Our Gold?  More...

02-06-2008
(Updated 02-14-2008)
GOP and Liberal Disconnected Thought Globs (DTGs) dominate 2008 presidential debates  More...

02-02-2008
Obama/Clinton Kissy-Kissy in pre-scripted Hollywood Debate Love Fest  More...

01-31-2008
Earmarks for Idaho are good but earmarks for Alaska are bad, says Idaho Statesman  More...

01-29-2008
Osama to visit Boise on Saturday  More...

01-28-2008
Smoke 'n Mirrors Economic Stimulus Package:  $600 for you, $730,000 for Fannie Mae & Freddie Mac  More...

01-24-2008
The Paper Chase:  Dollar becomes pulp fiction as Fed injects trillions into the market... But Dollar is not real capital, thus cannot stimulate economy  More...

01-19-2008
Federal Reserve drives U.S. into Super Recession, then Depression, then Martial Law  More...

01-10-2008
New Thought Police Bill passes U.S. House 404-6, awaits Senate vote  More...

01-09-2008
New Hampshire Primary:  Karl Marx wins again, stomps on U.S. Constitution  More...

01-04-2008
Iowa Primary:  Karl Marx Whips Jesus Christ  More...

01-01-2008
U.S. Federal Reserve Note:  America's Pulp Fiction  More...

12-28-2007
Who shot Pakistani ex Prime Minister Benazir Bhutto?  More...

12-19-2007
Idaho Congress-crooks Sen. Larry "Wide Stance" Craig and Rep Mike Simpson rob all Americans for Idaho earmarks More...

12-18-2007
Goldman Sachs creates subprime slime with left hand, shorts subprime slime with right hand More...

12-17-2007
Ada County to operate Detox Center for drunks & dopers?  Cost to taxpayers: $1.8 million per year  More...

12-14-2007
Central Banks Conspire to Hyper-Inflate Global Economy  More...

12-11-2007
Boise's Watergate fiasco continues as Univ of Idaho plans to blow $300 million on new marketing campaign  More...

12-10-2007
Why should Boise's "Special Olympics" be funded by taxpayer earmarks and what is the true concept behind the "Special Olympics?"  More...

12-07-2007
President Bush, Sec of Treasury Paulson save America's subprime home borrowers...you bet... Just Call Hotline to Mortgage Heaven: 1-888-995-HOPE  More...

12-03-2007
U.S. Treasury to Bail Out Billionaire Bankers on Wall Street Under Guise of Saving Subprime Borrowers  More...

12-01-2007
Idaho Gov Butch Otter Holds Secret Meeting to Tax Inner Tubes on Boise River  More...

11-26-2007
Idaho's Property Tax Solution  More...

11-16-2007
The Fed's "Prime Interest Rate" Joke  More...

11-09-2007
Idaho Statesman's parent McClatchy posts $1.4 billion loss in 3rd Qtr  More...

10-29-2007
The AMT - Worst Piece of U.S. Tax Legislation  More...

10-29-2007
What is The Master Liquidity Enhancement Conduit?  Hint: It's not a plastic flex straw to a bottle of Ripple wine  More...

10-17-2007
Can Idaho U.S. Senator Larry Craig be recalled?  More...

10-13-2007
How to Recall Idaho U.S. Senator Larry Craig  More...

10-10-2007
Will the real $50 please stand up?  More...

10-03-2007
President Bush and Federal Reserve bankers plan for nationwide bankruptcy with fake 3-week flu test  More...

10-01-2007
Idaho to implement ButchCare?  More...

09-25-2007
Wherein lies the value of today's paper money?... The solution:  abolish fractional reserve central banking, the Federal Reserve and govt monopoly of money; allow private minting and free choice of currencies - Part 5  More...

09-20-2007
Wherein lies the value of today's paper money?... The problem:  unconstitutional  Federal Reserve plays Quantitative Economics (as if econ is physics) rather than Qualitative Economics, which is based upon individual rights and freedom - Part 4  More...

09-17-2007
Wherein lies the value of today's paper money?... Derivative markets now exceed half a quadrillion dollars or $500,000,000,000,000 of non-collateralized paper - Part 3  More...

09-16-2007
Wherein lies the value of today's paper money?...or, the root cause of today's monetary crisis and impending recession - Part 2  More...

09-15-2007
Wherein lies the value of today's paper money?...or, the root cause of today's monetary crisis and impending recession - Part 1  More...

09-05-2007
Boise's Toiletgate morphs into Pinocchio-gate as Senator Craig's nose mysteriously grows another 2 feet overnight  More...

09-02-2007
Senator Larry Craig did not resign and hired two lawyers, 1 for the Ethics Committee and 1 for the Minneapolis men's room debacle  More...

08-31-2007
Senator Larry Craig's abuse of power & lame excuses are symptomatic of long list of GOP political abuses in Idaho - Part 1  More...

08-23-2007
J'accusse, Mr. Federal Reserve did it with the Candlestick, the Rope, the Revolver, the Knife, the Wrench, and the Lead Pipe in the House, the Senate, the University, and Wall Street  More...

08-13-2007
Ada County Commissioners condemn own property through eminent domain... Pay Cryptic Partners $3.2 million in fake "takings" - Part 1  More...

08-11-2007
Central bankers redefine "hyper-inflation" as "liquidity"... Inject over $326,000,000,000 into global economy to stave off stock market crash & recession  More...

08-10-2007
NY Stock Market crashes 387 points as sub-prime fiasco hits Germany, France  More...

08-09-2007
WSJ, Fox News pretend Ron Paul votes for earmarks  More...

08-08-2007
"The Fix" is still in, new community college trustees interview only 1 person for Prez... and guess what?  He got the job!  More...

07-30-2007
Harry Potter dies on page 597... in Boise  More...

07-18-2007
"The fix was in... But that's OK; This case warranted an inside job." -- Dan Popkey, Idaho Statesman  More...

07-17-2007
Is the War in Iraq a Mafia-style protection racket: U.S. military protects OPEC and OPEC promises to use only inflated petro-dollars?  More...

07-10-2007
Ex Ada County Commish Judy Peavey-Derr threatens libel lawsuit against Deep Throat II More...

07-05-2007
Idaho Senator Craig loses Illegal Immigration Amnesty bill...Does Craig support prison inmates picking Idaho crops?  More...

07-03-2007
U.S. Constitution not signed by authors  More...

06-28-2007
"Bong Hits 4 Jesus"  More...

06-14-2007
Court transcripts reveal judge knows University Place fiasco was a financial scam and who the perps were More...

06-14-2007
Cheap Community College "need" is a hoax...BSU rated cheapest university in the nation by US News & World Report More...

06-13-2007
Ada County screws taxpayers, again...pays Cryptic Partners $1.4 million for $900,000 office space in Eminent Domain settlement  More...

06-08-2007
NO campaign thanks YES campaign for abuse of Absentee Ballots, encourages re-vote by mail  More...

06-07-2007
Scientists slap Bible Bangers' definition of "when does life begin" upside their diploid totipotent cells  More...

06-06-2007
What is America's greatest moral challenge?  More...

05-29-2007
Yo, Rudy, follow the money  More...

05-26-2007
What is paper money? More...

05-17-2007
The Ron Paul Phenomenon More...

05-02-2007
Sec of Interior Kempthorne offers quid pro quo worth billions of dollars to Louisiana Sen Mary Landrieu  More...

04-19-2007
Supreme Court takes giant step backwards  More...

04-06-2007
House Speaker Pelosi violates U.S. Constitution and Logan Act, commits felony by impersonating Sec of State Condoleezza Rice on trip to Middle East  More...

03-28-2007
Education math scores drop across the state as Idaho teachers, administrators, and coaches vacation to Ireland and China on your tax dollars  More...

03-25-2007
Idaho GOP Legies add $400 million pork to Demo's Iraq War Bill  More...

03-19-2007
Ex Gov Kempthorne's original $3 billion Highway Plan exceeds $6 billion... Idaho Statesman says, "Pass the budget, no strings attached"  More...

03-14-2007
Low carb diet kicks government's low fat guidelines in its big fat butt  More...

03-09-2007
The paper chase... Interest rate arbitrage between the Yen and the Dollar  More...

03-08-2007
Bullet train from Boise to Meridian derailed as billion dollar local option sales tax bites the dust...poof  More...

03-01-2007
Stock market plunges 416 points in one day  More...

02-26-2007
"An Inconvenient Truth" morphs into "Convenient Lies" as Hollywood Oscars regurgitate 30-year old Doomsday baloney from the 1970s  More...

02-23-2007
Judge cries at Anna Nicole Smith hearing...wins Oscars for Best Actor, Worst Director  More...

02-22-2007
World Wide Monetary Inflation...the not-so-Good, the Bad, and the Ugly  More...

02-18-2007
Boise's Watergate morphs into Librarygate as Urban Renewal Agency picks Bodo developer for unconstitutionally-funded $130 million "Library Blocks" project  More...

02-16-2007
CAMBR fraud at U of  Idaho ?  More...

02-11-2007
Who's Your Favorite Socialist Candidate for the 2008 Presidency?  More...

02-09-2007
Oink-Oink, Boise City Council Feeds at State & Federal Pig Troughs  More...

02-08-2007
Big Brother mandates vaccine for 11-year old girls  More...

01-31-2007
Ada County Commissioners condemn new Ada County Courthouse, then use Eminent Domain to confiscate their own property...huh?  More...

01-22-2007
Where in Hell did Our 3 Branches of Government Go?  More...

01-18-2007
The Real Purpose of the Federal Reserve  More...

01-17-2007
European Union Dumps German, Officially Adopts English as Universal Language  More...

01-15-2007
GOP "Intellectuals" Propose Socialist Job Corps Program to Rebuild Iraq  More...

01-12-2007
Dear Boise Pub More...

01-10-2007
Boise State Broncos # 1 in Nation...Boring BCS Title Game Outsells Lunesta Sleep Aid Pills 10:1...Snore z-z-z-z  More...

01-08-2007
Kempthorne Plays "Polar Bear Politics"  More...

01-02-2007
Boise State outsmarts Oklahoma with Statue of Liberty fake pass, Wins Fiesta Bowl 43-42 in nail-biting overtime  More...

12-30-2006
Saddam Hussein 1937-2006  More...

12-29-2006
Shell Oil hires ex Sec of Interior Gale Norton...
Conflict of interest? 
More...

12-26-2006
"Black box" trading on the Big Board...is it legal... is it moral?  Part 2  More...

12-19-2006
"Black box" trading on the Big Board...is it legal... is it moral?  Part 1  More...

12-22-2006
China to dump a trillion U.S. dollars?  More...

11-30-2006
U of I Wallace pleads guilty to state criminal charges in $136 million University Place fiasco...no fine and 3-year probation  More...

11-19-2006
If Idaho "needs" more nurses, let supply and demand in the free market automatically solve the "problem"  More...

11-17-2006
Boise "needs" a detox center like it "needs" another snort of crack  More...

11-17-2006
If Boise's "Library Blocks" project is unconstitutional, then why isn't the Courthouse project unconstitutional?  More...

11-10-2006
The Demos are coming, the Demos are coming, so now what?  More...

11-01-2006
Bag Boy Wallace Charged with Felony in U of Idaho Crime Spree... Major Perps Skate Free?   More...

10-27-2006
2006 Nobel Economist praises "Dynamic Capitalism" by assuming socialist principles  More...

10-20-2006 Voters, not the Idaho Transportation Board, must approve billion dollar highway expenditures for "Connecting Idaho"  More...

WALL STREET JOURNAL PHYSICS READERS ARGUE BIG BANG THEORY  More...

PROP 1: IDAHO TEACHERS' UNION EARMARKS 1% OF SALES TAX FOR ITSELF  More...

PROP 2 IS A FULL EMPLOYMENT ACT FOR IDAHO LAWYERS  More...

ANTI-GAY MARRIAGE AMENDMENT UNCONSTITUTIONAL  More...

DOES UNIVERSITY PLACE'S SECRET CIVIL SETTLEMENT CONSTITUTE A "BURYING OF PUBLIC INFO?"  More...

WSJ THINKS FUNCTION OF FED RESERVE IS "MAINTAINING AN OVERALL STABLE PRICE LEVEL"  More...

IDAHO LEADS WORLD IN "FAT PILL" PRODUCTION  More...

ARE IDAHO'S "RAINY DAY FUNDS" UNCONSTITUTIONAL?  More...

FEDERALIST PAPERS DO NOT GRANT WARRANT-LESS SEARCHES OR CARTE BLANCHE WIRE TAPPING TO PRESIDENT  More...

BODO DEVELOPER PROPOSES BOISE'S WATERGATE METHOD TO RIP DOWN, REBUILD BOISE'S MAIN LIBRARY  More...

THANKS TO BRITS FOR BUSTING POTENTIAL BOMBERS  More...

IDAHO BAPTISTS LAUNCH MISSILES AGAINST CALIFORNIA CATHOLICS?  More...

BOISE NEEDS A DRUG CZAR LIKE IT NEEDS A SNICKER-DOODLE CZAR  More...

BILLIONAIRES WARREN BUFFET AND BILL GATES FALL ILL TO SOCIALIST PHILOSOPHY  More...

NEW IDAHO GOVERNOR: PUBLIC SERVANT OR MASTER?  More...

10 REASONS WHY IDAHO GOVERNOR KEMPTHORNE SHOULD NOT BE CONFIRMED AS SECRETARY OF THE INTERIOR  More...

IS IT SIMPLY LA CAGE AUX FOLLES AT THE KEMPTHORNE CONFIRMATION HEARING OR WILL SOMEBODY ASK A REAL QUESTION?  More...

U.S. CONSTITUTION DECLARED UNCONSTITUTIONAL... NOT SIGNED BY ITS AUTHORS, OR ANYONE ELSE  More...

IDAHO TEACHERS' UNION PUSHES INITIATIVE FOR GUARANTEED ANNUAL INCOME BY EARMARKING 1% OF SALES TAX FOR ITSELF  More...

IDAHO SUPREME COURT FLUNKS CIVICS TEST  More...

UNIVERSITY PLACE PERPS AGREE TO NOT SUE THEMSELVES...PAY EACH OTHER $8.3 MILLION...CRYPTIC PARTNERS REMAINS AS POSSIBLE 'FALL GUY' -- PART II  More...

UNIVERSITY PLACE PERPS AGREE TO NOT SUE THEMSELVES...PAY EACH OTHER $8.3 MILLION...CRYPTIC PARTNERS REMAINS AS POSSIBLE 'FALL GUY' -- PART I  More...

JFAC GIVES BLANK CHECK FOR GOVERNOR KEMPTHORNE'S HIGHWAY ROBBERY  More...

BOISE'S WATERGATE GOES TO WASHINGTON...GOVERNOR KEMPTHORNE NOMINATED AS SECRETARY OF INTERIOR  More...

IS IDAHO'S $3 BILLION GARVEE HIGHWAY DEBT UNCONSTITUTIONAL?  More...

WHY IDAHO'S ANTI-GAY MARRIAGE AMENDMENT IS PRETENDED LAW -- PART II  More...

WHY IDAHO'S ANTI-GAY MARRIAGE AMENDMENT IS PRETENDED LAW -- PART I  More...

WHY WE DON'T NEED PROPERTY TAXES -- PART II  More...

WHY WE DON'T NEED PROPERTY TAXES -- PART I  More...

ROLL OVER BOSTON, TELL JAMES MADISON THE NEWS...TIME FOR A BOISE TEA PARTY!... PART II  More...

ROLL OVER BOSTON, TELL JAMES MADISON THE NEWS...TIME FOR A BOISE TEA PARTY!... PART I  More...

BOISE RESIDENTS PAY 10-12 TIMES AS MUCH IN "M & O" SCHOOL PROPERTY TAXES AS MERIDIAN FOR SAME NUMBER OF STUDENTS  More...

SHOULD IDAHO ABOLISH PROPERTY TAXES AND IMPLEMENT A FLAT SALES TAX?  More...

WHY WE DON'T NEED FEMA OR BOISE'S "BLUEPRINT FOR GOOD GROWTH   More...

DID JAPANESE MAFIA STEER HURRICANE KATRINA DOWN BOURBON STREET FOR FUN AND PROFIT...OR REVENGE?  More...

IRAQ'S "NEW" OLD ARTICLES OF CONFEDERATION  More...

GOV KEMPTHORNE IS NOT OUR "CEO"  More...

EAST PARK CENTER BRIDGE IS A JOKE  More...

WILL "BLUEPRINT FOR GOOD GROWTH" MORPH INTO BOISE TROLLY GATE?  More...

BIRTH:  NATURE'S TRANSFER OF PRIVATE PROPERTY RIGHTS  More...

WHOSE COLLECTIVE RIGHTS?  More...

SELECTIVE ETHICS IN BOISE?  More...

IS MICRON WHINING FOR CORPORATE WELFARE OR DEMANDING FREE MARKET CAPITALISM?  More...

CATHOLICISM IN LATIN AMERICA MORPHS INTO SOCIALISM  More...

SHOULD U.S. ERECT A TACO IRON CURTAIN?  More...

WILL CARLY BANKRUPT HP?  More...

OIL COMPANIES TURN EARTH INTO GIANT CO2 SODA POP BOTTLES  More...

SEX IS ILLEGAL IN IDAHO?  More...

IN DEFENSE OF THE WOMAN  More...

AMERICA'S INTELLECTUAL HIERARCHY  More...

EATS, SHOOTS & LEAVES  More...

ANTI-GAY MARRIAGE:  THE STATE VS. THE INDIVIDUAL  More...

TAX RATES ARE NOT THE SAME AS TAX BURDENS  More...

DEFICIT FARMING  More...

IRS AUDIT MICKEY MOUSE, FILES CRIMINAL CHARGES  More...

IDAHO PRIMARY:  POST MORTEM  More...

PHILOSOPHY RULES, SCIENCE DROOLS  More...

NEW ENERGY SOURCE DISCOVERED IN WASHINGTON DC
OIL STOCKS PLUNGE  More...

STATUE OF LIBERTY SHOE SIZE, WOMEN'S 879  More...

U.S. PRISON POPULATION SOARS, TOOTHBRUSH INDUSTRIAL COMPLEX PROSPERS  More...

Church and State:

GRAND INQUISITOR VISITS AUSCHWITZ  More...

KING TUT GRANTS CEASE FIRE FOR DECEMBER HOLY MONTH
INTERMISSION ALLOWS BOTH ARMIES TO ORDER FAST FOOD
  More...

FED NATIONALIZES CHOCOLATE ICE CREAM CONES
KIDS CAN'T LICK CONES ON CHURCH PROPERTY  More...

RELIGIOUS DISCOVERY: MUHAMMAD BORN IN SHANGHAI
MID EAST WAR SHIFTS TO CHINA  More...

FATHER FLANAGAN RAPES 25,000 CHILDREN OVER 30-YEAR SPAN, CLAIMS AMNESIA  More...

School and State:

SANTA 'CLAUSE' SHOWS UP TO SAVE FLORIDA'S TEACHERS' UNION  More...

ETHNOMATHEMATICS  More...

WHY JOHNNY CAN'T READ  More...

EVOLUTION OF MATH INSTRUCTION IN CALIFORNIA PUBLIC SCHOOLS  More...

O’CONNOR REAFFIRMS Step ‘n Fetch it IN PUBLIC SCHOOLS  More...

STUDENT WINS NATIONAL SPELLING BEE; SPELLS “CHRISTMAS” WITH AN ‘X’  More...

STATE GROCERY STORES  More...

PRO-CHOICE FREE MARKET SCHOOLS  More...

EDUCATION TAXES  More...

Health and State:

12-31-2005 Does surgery for cancer cause more cancer?   More...

FAT IDAHO   More...

IDAHO'S LOOMING FAKE HEALTH CARE "CRISIS"  More...

WHEN GOOD CELLS GO BAD  More...

THE GUARANTEED ANNUAL WATERMELON  More...

PRO-CHOICE CANCER TREATMENT  More...

Money and the Federal Reserve:

U.S. TREASURY ISSUES NEW SCRATCH 'N SNIFF CURRENCY  More...

THE FUZZY MATH OF U.S. COINAGE  More...

GOVT WORKERS ROB PUBLIC BLIND  More...

FEDERAL GOVERNMENT IS THE BIGGEST TAX CHEAT OF THEM ALL  More...

$7 TRILLION IN DEBT AND RISING   More...

HOLY DUKES, HOW FAST ARE THE FEDS SPENDING YOUR MONEY?  More...

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"A communist is somebody who doesn't have anything, and is ready to divide it up equally among everybody."
...G. B. Shaw

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