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Guard the Borders Blogburst

By Heidi at Euphoric Reality

I was having a helluva time writing an article for this week’s GTB Blogburst. Over the weekend, I started three articles and each one fizzled out for lack of inspiration. For instance, I started one on President Bush’s new fence bill – the one that has no funding – and it was hard for me to work up any outrage, since I wasn’t surprised at such an empty gesture. In fact, I was expecting nothing less from this President, and that’s a sorry indictment of how faithless he’s become. The President’s abrogation of this issue has boiled my blood for years, and is one of the main reasons why I am no longer a Republican, but now a furious and rebellious Independent. As I mulled over what to say about Bush’s latest nothingness, I realized that anything I had say about his treason on this issue, I’ve already said before – and then some.

So I started another article about the effect of the immigration issue on elections; or rather, the effect it should have, but isn’t. Because here we are at election time again, having to hold our noses to go elect more of the same do-nothing politicians. Yeah, the same types who have successfully ignored the will of the people for so many years. Out of a nation of 300 million people, you’d think we could field a few really top notch candidates for leadership at any level. But noooo…

The point is that I remain uninspired and severely jaded. Call it writer’s block, or call it a crisis of faith, but… I. GOT. NUTHIN’.

So, in a late hour attempt to find some really good material to offer our faithful Blogburst readers, I sent out a request to our affiliates for their favorite links this week, which I could compile for everyone’s convenience. Thus, this week’s Blogburst is a little bit of a Trick or Treat – some chilling, and some funny. Which is apropos, considering that our nation’s immigration policy is a monstrous nightmare for mainstream Americans.

The Nightmare on Main Street Edition of the GTB Blogburst

So Bush signed a law to create a border fence. Here is an image of the fence as designed by a joint committee of Mexicans and Liberals, and approved by Bush…

“Report an illegal to the Feds and watch the Feds sit on their hands!”

Minuteman 2.0.: The Minuteman project was a publicity stunt; we now need to take it to the next level and have citizen patrols guarding the border.

“Needed: Border Billboards”: As soon as sniper posts are erected along our borders, we’ll need some billboards erected that read something like this…

The Carpentersville Saga: Carpentersville Illinois is pursuing a Hazelton style ordinance, but as these two videos show, not if the pro crime Hispanics and their supporters have anything to say about it!

  • The C’Ville Video
  • New Freedom Folks Video: C’ville Video Update
  • “The US Border Patrol and Border Police are Out Gunned, Out Manned and Facing an Enemy with Technological Superiority Over Them!”: You knew illegals were coming into the USA daily, but did you know that down in Mexico they are literally being brought up to the border by the train load? The report has the pictures to prove it!


    Trains from Central America and Mexico en route
    to the U.S. border

    Wild Thing sent some more jarring photos of our uninvited and unwelcome and undocumented “guests”- and no, these are not crazy Halloween costumes:

    If you think illegal immigration is nothing more than “good hard-working people, with good intentions” sneaking in here for a little harmless Trick-or-Treat, then these posts from some of the strongest contributors to Guard the Borders will convince you of the ghoulish truth.

    Many thanks to Third World County, Mr. Ogre, Freedom Folks, PC Free Zone, and the Independent Conservative.


    This has been a production of the Guard the Borders Blogburst. It was started by Euphoric Reality, and serves to keep immigration issues in the forefront of our minds as we’re going about our daily lives and continuing to fight the war on terror. If you are concerned with the trend of illegal immigration facing our country, join our Blogburst! Just send an email with your blog name and url to admin at guardtheborders dot com.









    Rob Kirby On Naked Shorts

    Rob Kirby has just posted an impressive story about incompetence in government as to its dealings with the “naked short” problem and the firms that are supposed to be self regulating instead seem to be self serving. And, it’s costing investors millions, maybe billions. Entitled Failure To Deliver Or “Deliverence”? Rob encourages us to view Darkside of the Looking Glass:

    The narrative explains, with the aid of graphics, stock settlement mechanisms on the large exchanges. It clearly illustrates how some broker-dealers and their biggest clients – hedge funds and their financial backers can, and do “game” [commit FRAUD] the Depository Trust Clearing Corporation [DTCC]. The DTCC is supposed to act as a back office for Wall Street firms – electronically settling inter-dealer equity transactions.

    It explains how a significant portion of the NYSE and NASDAQ’s combined daily trade of roughly 2.5 billion shares – does not settle properly. This means the alleged seller of stock takes the buyer’s money, but never delivers the shares they supposedly sold. Instead, they [or their broker dealer] send a “stock IOU” creating a Failure To Deliver, or FTD, to the buyer’s agent/broker.

    Rob Kirby Naked Shorts Darkside of the Looking Glass Mover Mike

    Hanksville Suffers From Floods

    Back about 18 or so years ago, I made a cross country trip to Utah. My destination was Monument Valley. I had a picture of the Mittens taped to my dashboard.

    Capitol Reef National Park was my first taste of the red rocks of Utah, the Kaobab zone if I recall.

    The Waterpocket Fold defines Capitol Reef National Park. A nearly 100-mile long warp in the Earth’s crust, the Waterpocket Fold is a classic monocline: a regional fold with one very steep side in an area of otherwise nearly horizontal layers.

    Robert Riberia described his first look at Capitol Reef this way:

    It seemed that all of a sudden the reds literally exploded around us. Unearthly monoliths, pillars, and massive domes towered overhead. I felt as if I had left the planet. Giant plateaus, tilted strata, twisted canyons, unbelievable color, and lush dashes of green wherever water flowed. Junipers, cottonwoods, willows, and dashes of wildflowers created streams of life which flowed throughout the park. For my entire life I had never imaged that such a landscape existed on the entire planet, let alone in my own country!

    I drove out the east side of Capitol Reef and the first town I came to was Hanksville. There I found a rock shop with some great fossils for sale. I asked where he found them and was told back up the road about 20 miles. “You’ll find them laying all over the ground.” Sure enough, I found as many as I wanted to pick up.

    I was reminded of Hanksville when I read

    An early October flood that wiped out a century-old diversion dam has left farmers with no water for crops and threatens to end their way of life.

    Damages are estimated at more than $8 million. Politicians have visited the damage and shook their heads and wrung their hands, but not one $1 has been earmarked for the repair. Only 250 people live in Hanksville and some 800 head of cattle. Without water, though, they might all have to move away.

    Capitol Reef Utah Hanksville/a> Mover Mike

    Update:


    Halloween Stories

    This would spook me:

    From the Imperial Valley Press online

    DOGWOOD ROAD GIRL HAUNTING
    This story has been passed on for years, but the origin is shrouded in mystery. The legend is that if you drive down the southern area of this road after midnight, you will see a girl walking alongside the road. Stop to give her a ride, and she will take a seat, remain silent and eventually disappear. Pass her by, and she is rumored to jump on your hood and attempt to make you crash. The ghost is said to be the unrested soul of a young woman who died in a tragic accident along Dogwood Road.

    Halloween Dogwood Road Girl Mover Mike

    GE: A Look Again at the Altman Z Score

    I was checking back on a post of mine picked up by FMNN about ALTMAN’S Z-SCORE. In that piece I looked at the components of the DJIA and saw there were 14 out of 30 that according to Altman were signaling financial distress. I am pleased to relate to you that there has been improvement, only 13 of 30 are signaling trouble; HPQ has moved above 2.99, the cut off level, to 3.07. No change in the two companies that may not be with us in the future, GE (.62) and GM (.88).

    A cursory examination of the performance of the 30 stocks since Mid March of 2006 shows no correlation with the Altman Z Score, with the exception of GE. You may recall The Dividend Guy in Stock Analysis – My Approach with GE, singled out GE as a company that has a great record of dividend increases. He plugged in the financial data of GE using the Stock Selection Guide originated by the National Assn. of Investment Clubs and came out with this recommendatio relative to the price range:

    GE is a SELL in the $51.83 to $63.52 range
    MAYBE in the $40.15 to $51.83 range and
    BUY in the $28.46 to $40.15 range. The share price of GE was $35.57. He says

    At the end of the day, I was comfortable with my analysis and decided to buy GE. Time will tell if this was a good move or not, but at least I will be getting a steadily increasing dividend.

    I pointed out to The Dividend Guy, in the comment section, that the website of GE says

    As a result of GE’s restatement of its financial information in its amended 2004 Form 10-K dated May 6, 2005, readers should no longer rely on our previously filed financial statements and other financial information for the years and for each of the quarters in the years 2004, 2003, 2002 and 2001. Readers should also no longer rely on our previously announced results for the first quarter of 2005. (emphasis added)

    The DJIA is up 7.1% since then and GE is flat, except for that 2.1% dividend yield, which is eaten up entirely by inflation and taxes. When yields are this miniscule, you need capital gains to grow a portfolio. Capital gains become elusive when you speculate on distressed corporations.

    FMNN ALTMAN’S Z-SCORE GE The Dividend Guy NAIC Mover Mike

    Words That May Come Back To Haunt

    The SacBee says this about Sacramento Kings last exhibition game against the Trail Blazers

    What better way to finish the exhibition season than against the squad that has increased its moral fiber while lowering its talent pool?

    Both of us, writing like a homer!

    Sacramento Kings Trail Blazers Portland NBA Mover Mike

    Pull Any Lever To Look Busy

    I believe our FED operates by guess and by golly, making decisions that affect our financial livelihoods in ways the governors can not conceive. IMO, it it is a socialist organization trying to manage an economy that would adjust as it went along if the FED didn’t meddle and keep adjustments from happening.

    Consider the large fiscal deficits we run and the large trade deficits that tend to pile dollars up over seas. China alone now holds over $1 Trillion of USD denominated assets pprimarily Treasuries. Today New York Federal Reserve President Timothy Geithner said:

    The full effect on the international financial system of vast foreign ownership of U.S. government debt was not fully understood.

    Now that to me is truly frightening!

    Hat Tip to Bill Murphy at Le Metropole!

    New York Federal Reserve President Timothy+Geithner USD China Mover Mike

    Is It Time For Gold Again?

    It has been a quiet time for Gold since May of 2006 when it traded as high as $712. Since that high, Gold has traded as low as $560, twice, and between those lows was the last high of $666.6. (see chart) I see some indications that things are going to get interesting.

    First, the Gold Bugs Index (HUI) looks like its consolidation is over. A point and figure chart of HUI going back to 2002 shows trading sideways under 150 then a breakout to 250 then trading sideways and then a breakout to 400. HUI has traded sideways since May with major support at 280. Three times HUI has tested the 280 level, three times it bounced off that level. (see chart) Just recently, HUI broke out above 308 and looks like it wants to go higher. (see chart)

    Second, Gold, is challenging $600 once again (see Jesse)and a breakout over that level would cross the bearish trendline coming from the high of $712 and would give us an initial goal of $666. I don’t want to get ahead of ourselves, but breaking that level puts $800 back on the radar screen.

    So now how do we play this scenario?

    1. Buy gold coins with the risk that we are wrong and gold breaks $560. The current price of a 1 oz. American Eagle is $620.
    2. Buy GLD the ETF that is a stock substitute for the commodity. Current price is about $59 1/2. I would put a stop at $55.
    3. Use a gold mutual fund. I use First Eagle SoGen Gold Fund (SGGDX). The advantage of stocks in gold mining companies versus to the ETF GLD is the leverage, the ability to outperform gold.
    4. Speculate in a junior gold mining stock. I still use Golden Star (GSS). Use any that you like. Not only will you get leverage, but since many have underperformed GLD and HUI, there will be a catch up. For example, GSS is down 10% for the year HUI is up 3.8% for the year and GLD is up 7.76% for the year. At some point they will all be up the same amount. If GLD goes to +20%, then GSS will go to +20%, but from a -10% level.

    Why should you believe me? You shouldn’t! I am not be accountable to you and will not tell you when to reverse the trade. Go do your own homework, exercise risk control and if you want to have Gold as part of a diversified portfolio, pick the means that best fits your risk strategy or tolerance.

    Gold Gold Bugs Index HUI SGGDX GSS GLD Mover Mike

    Update:


    Where’s that Scientific Concensus On Global Warming?

    Earth Changes TV, hosted by Mitch Battros (by subscription only) has a story that says

    One of the most decorated French geophysicists has converted from a believer in manmade catastrophic global warming to a climate skeptic. This latest defector from the global warming camp caps a year in which numerous scientific studies have bolstered the claims of climate skeptics.Claude Allegre, a member of both the French and U.S. Academy of Sciences, wrote: the “cause of climate change remains unknown” and pointed out that Kilimanjaro is not losing snow due to global warming, but to local land use and precipitation changes. Allegre also pointed out that studies show that Antarctic snowfall rate has been stable over the past 30 years and the continent is actually gaining ice.

    Earlier this year, a group of prominent scientists came forward to question the so-called “consensus” that the Earth faces a “climate emergency.”

    Battros has even quoted from Telegraph.co.uk that says warming peaked in 1998!

    Another sign that that the alarm over “global warming” has been over rated or over stated is the paper from Geophyical Research Letters “Recent Cooling of the Upper Ocean” by J.M. Lyman, J.K. Willis, and G. C. Johnson. In the paper the scientists report that 20% of the total upper ocean heat that had built up over the years from 1955 to 2003 has been lost in just two years from 2003 to 2005. Raising more questions about “global warming”.

    Battros has done excellent research and his site deserves to be read widely. You can subscribe to his Premium Membership for 1 Year for $41.95.

    Global Warming Earth Changes TV Mitch Battros Mover Mike

    Two Oregon Quakes

    MAP 1.2 2006/10/23 07:03:07 44.095 -121.794 0.0 29 km ( 18 mi) SW of Sisters, OR

    MAP 1.5 2006/10/23 21:36:46 45.366 -122.033 10.5 5 km ( 3 mi) WNW of Mount Hood Village, OR

    Copyright © 2007 Mover Mike. Design by Anthony Baggett.