What am I doing? I'm waiting for the trade to come to me! What are you doing?
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yeah yeah yeah, don't cry in the breast milk HAHA
Whoa Alejando, how rude of me! I just realised that I didn't P-Mark you yet! We'll that's fixed! Have a great day!!
That's awesome SSSK! I was going to go to SA but decided to push for Portland! Perhaps we'll get to meet in Boston?
A Goooood Morning to you as well SSSK! Thanks, you have a fantastic day too!!!!
oh I see! Otherwise you would wake up at 9:25am instead eh? LOL
GM b0b, you're up early as usual! He's wishing you a GREEN day my friend!
Gold in the hands of the common man means loss of control by the banker elites, it's that simple. Now lets get Ron Paul's "Free Competition in Currency Act" on a roll. It's time to lift the tax man's boot off gold and silver owners necks.
http://www.downsizedc.org/etp/campaigns/85
government's hidden role in the BP oil spill
The politicians meddle with everything. For example, when it comes to energy production there are . . .
* Direct subsidies
* Tax breaks and tax penalties
* Liability limits, but also potential fines if you don't do things just right
What a meddling muddle! This is why . . .
It's fair to say that the federal government played a hidden role in the BP oil spill. To learn more read the sample letter to Congress below.
We think it would be better . . .
* For oil companies to pay all the costs and carry all the potential risks of each drilling project
* To have all of these costs and risks reflected in the prices consumers pay, rather than hidden in legislation and regulations
In other words, there should be . . .
* No subsidies or special tax breaks
* No liability limits
* No tax-funded bailouts, or government run clean-up funds
* And regulations should be provided by insurance companies who are putting their own money at risk
If, after reading the sample letter to Congress below, you agree with us that this approach would better protect both the environment and the taxpayer, then please send Congress a letter telling them that. You can use DownsizeDC.org's No Bailouts campaign to send your letter.
You may borrow from or copy this sample letter . . .
The BP oil spill is another example of the destructive nature of government guarantees and bailouts.
I know that BP has agreed to pay more of the clean-up costs, beyond the government-provided liability cap. I also know that they've been threatened by Congress and the Administration if they don't. But this is hypocritical, because Congress created the liability cap and the clean up fund in the first place! In 1990, Congress passed a law that . . .
* capped oil company liability for spills at $75 million
* set up a fund, paid for by the oil companies, to pay for the rest of the clean-up
In effect, this is a government-run oil spill insurance program, but without the risk management incentives provided by real insurance companies. This whole scheme was a terrible idea from the start, and has been used to bail out companies that cause oil spills a whopping 51 times! http://www.nytimes.com/2010/05/02/us/02liability.html
Because of the liability cap, BP may have been less cautious than it would have been if its own money had been at risk.
In addition, a lack of regulation has been blamed for the BP spill. But government regulators . . .
* don't have the profit and loss incentive that private insurance companies do; they don't go out of business for their mistakes
* tend to impose one-size-fits all rules that don't work as well as the site-specific requirements that insurance companies impose
* and often act as partners in the industry they regulate, not as watchdogs http://www.thefreemanonline.org/columns/tgif/bp-spill/
But imagine if we had a free market in energy . . .
* Oil companies would be liable for ALL the damage they cause
* And this would compel them to seek liability insurance in the private market
In turn, insurance companies would . . .
* demand the strictest standards to prevent accidents and spills because, unlike government regulators, they would be financially responsible for any mishaps
* and, if the risks are too great, they would deny coverage
If off-shore drilling is too risky, that means no one in a free market will invest in it, and entrepreneurs would then have a huge incentive to develop less-risky energy alternatives. This would be a good thing! This is what you politicians claim to want!
This means that a true free market in energy would actually reduce accidents and CREATE A CLEANER ENVIRONMENT.
I therefore demand that you put an end to government meddling in energy production.
1) Instead of raising the liability cap for oil spills, remove all government liability caps on all forms of energy production
2) Instead of inefficient and counter-productive government regulations, allow private insurance to set requirements for off-shore oil drilling and other forms of energy production, such as nuclear, which is also currently protected by government liability limits
3) Get rid of all subsidies, tax breaks, and tax penalties so that we can benefit from free and fair competition among all energy producers
Once these three market-based policies are in place, energy companies will bear the true capital expense of their projects -- instead of the taxpayers. Risky and dangerous projects will flop. But profitable projects should be allowed to proceed -- including drilling for oil.
END LETTER
You may send your letter using DownsizeDC.org's Educate the Powerful System.
And help spread the word! Forward this to friends and share it on Facebook.
Thanks for helping to Downsize DC!
Jim Babka
President
DownsizeDC.org, Inc.
D o w n s i z e r - D i s p a t c h
In the amount of your choosing
NO WAY DUDE that's outright theft under color of law! Don't worry I'm no thief!
yeah "monkployed" We have a new term! you heard it from b0b first!
I have an old house so I'm pretty good at painting. I'd rather trade and employ someone to paint instead!
First I was employed, now I'm self-employed and I'm hopeful to soon be Monk un-employed! Now that's what I call success!
LOL, what a great picture!
Awesome post and GM Maxwell46!
I'm going to Portland, is that ASAP enough?!
Good morning to ya SSSK! I agree with you 100%! What a great Den we have here!
my weekend 'twas mighty fine indeed!
oh I agree!
Heya b0b, good mornin, how was your weekend!
thanks Cowboy, Now THAT'S a keeper!
LMAO!
nice post!
Hi ExB, welcome home! I thought you'd like to know that I've made plans to be in Portland in few weeks! Thanks bud!
Wow! pictures! pictures!
Awesome! Is that Mossberg 590 that your pup is coddling?
Sounds good D**!
Person Marked you my Den friend!
cha ching!
E*** strong like bull!
I Person Marked ya buddy!
I was originally planning for San Antonio but the opportunity was there to get to the earlier Monkinar so I took it! San Antonio definitely makes sense for you. I was pleasantly surprised to snag a non-stop flight from NJ for about $350-ish
I can see it but I can't touch it..... yet! I can't wait for Portland!!!
Make'n money when the market is up or down. It just doesn't matter. Gotta love it!
I see lot's of good folks here, I'll be hang'n around if that's ok.
Hiya Sidney! I was wondering where you went. Congrats on your new board!
So is this the penal colony?
Is one PC driving all 6 monitors? One other question, can you tell me which video card(s) it has installed? Thanks!
looks good! What are the specs on that setup?
Good Morning tdksp84! I'll be see'n you in Portland!
Good Morn'n to ya b0b! Those are some tasty stock symbols you listed there buddy! Goooooo stocks!!!
God bless you Chris and thank you for your service in protecting our National Security! Best of luck to you in your retirement! Congratulations!
I'm looking forward to it as well! I booked my flight to Portland today. see ya then!
PersonMark for ya too!