Tidbits for Thursday

More evidence emerges that China is run by a corrupt oligarchy in alliance with the Army. Read this story - what they try to hide shows the true nature behind the regime.

http://www.ft.com/cms/s/0/0b1592da-76e4-11de-b23c-00144feabdc0.html

And the press stupidly pays attention when they talk about a new reserve currency. What fools.

Here's another interesting tidbit.

http://www.ft.com/cms/s/0/8522cd72-76e9-11de-b23c-00144feabdc0.html

Read down the story and you will see the order for Korean dictator Kim's yachts was placed through a Chinese company. What a surprise ! China plays enabler for Kil Jong-Il while he tries to extort money from the US. Typical for those two gangster states.

Markets

I got buck fever yesterday and re-bought FCX for Fido Fund. I took the pain and accept the 10 point error when I sold it for about 47 with the rest of the Obama Fund. I'm still looking for the next screaming buy. I suspect that will be commercial real estate in the form of REITs. Once some door of refinancing starts to open, I think those stocks can move up strongly as the undervalued assets also typically perform well in the inflationary environment that many fear. It's a matter of timing.

Second Amendment

Later this afternoon I will go to this annual event to celebrate the Second Amendment to the US Constitution which is the ultimate bulwark for our liberty.

http://greenmountainboysshootingclub.com/

I'll put a part of my collection through some extensive work. The blog will return on Monday with fresh thinking.

Word of the Day

"Ferruginous" - adjective [$10]; a Mencken word
Ferruginous means 1. of or containing iron rust, or iron as a chemical constituent; 2. rust colored, reddish brown.
Sentence: After using his collection in the rain, Bunkerman is extremely vigilant for any ferruginous stains. The items are quite rare in the US in a fully legal, transferable form and often are worth well over $10,000 each.

Le Mot du Jour

"Mitrailleur" - noun, masculine - means machine gunner;
"Mitrailleuse" - noun, feminine - means machine gun;
"Mitrailler" - verb, regular -er conjugation - means to machine gun;
"Mitraillage" - noun, masculine - means machine-gunning.
La Phrase: Mitraillage, c'est un passe-temps très agréable. L'homme du bunker est un mitrailleur expérimente. L'homme du bunker mitraillera de vieilles voitures demain. Les mitrailleuses légals sont très chéres.
Sentence: Machine-gunning is a very enjoyable hobby. Bunkerman is an experienced machine gunner. Bunkerman will machine gun some old cars tomorrow. Legal machine guns are very expensive.