novatownhall blog

Where you are held accountable for your convictions and record

Weasley Panic

Well, the stock market dropped 3% Thursday and Friday, and sure enough, S&P500 futures were trading down over the weekend. The market opened lower this morning, and immediately dropped. All the panic orders placed over the weekend. In short order, the major U.S. stock indices were down more than 5%. The Dow Jones Industrial Average had dropped over 1000 points from Friday’s closing price.

Now, as I write, not so much. The DJIA has regained over 850 points, and is down less than 1% from Friday’s close.

I am now in my 50′s. I hope I can retire early — perhaps at 60. Yet still, I am fully invested in the stock market, and that is where my 401(k) contributions go. I do not buy and sell on hype or panic. I just buy. (I will admit that my portfolio is in desperate need of re-balancing, but that’s another topic.)

The fact is that, long term, stock prices driven by only two forcing functions: inflation and profit. But even ten years from retirement, I’m still investing long-term, because I plan to live long-term! That means stocks.

And market volatility, rather than being a Bad Thing, is actually a Good Thing for those of us in the “accumulation” phase. With a 401(k), one is dollar-cost-averaging into the market, so higher volatility around the long-term forcing functions increases long-term profits.

Just one more example of how those whose actions are driven by facts and logic make money from people whose actions are driven by their emotions.

I was looking for something newsworthy, other than Bernie Sanders wanting to make prisons unprivatized while giving jailbirds their voting rights back and Lindsay Graham stating that we can’t get anything done without the other side’s help, inclusive of a litany of left wingers chiming in (including Obama, as we see how he did it that way). Also MSNBC thinks that the anchor baby issue is the death nil for the GOP since those old white people can’t win the presidency without Latinos, drawing back to what happened to Romney. None of this tripe floated my boat. But then I ran across this article on Slash talking again with Axl Rose. I mean, who would have ever thunk it?

This is real news. I mean, like, read the article and, like, ya know, watch the videos (I even like the Swedish commercial). Like, you thought Cruz was a silver tongued orator but, ya know, he ain’t got nothing on Slash. And, like, Slash has his political act together and, like, knows politics. Why he doesn’t jump into the ring is, like, I don’t know. Think of, like, all those heavy metal votes he could garner. Ya know, it isn’t rocket science to, like, figure that one out. Guns N’ Roses forever, man!

Once again, I am not saying that Donald Trump will win the nomination, but I am glad that he is bringing this important issue to the forefront. Read Trump’s plan here. We have been incessantly been told that this country will change its character and never once had a debate on whether this is what we want. We are told by our elites that we look more like Brazil and/or that we should continue to bring in millions of Somalis, Afghans and others into our nation. But millions of Americans are opposed to this but have had no voice. Enough is enough. However, I would go even further and declare that the mantra fed to us “diversity is our strength” is the biggest Orwellian lie of our times. (See Robert Putnam’s book “Bowling Alone” for good reading on how increased diversity DECREASES social trust)

Meanwhile, we are to look the other way as our streets are littered with trash, and female genital mutilation and honor killings happen right here in the USA. If we do not arrest this quasi-open borders policy then I predict that within the century, our nation will break up into regional entities, along broad racial and ethnic lines. Just look at the trouble in Baltimore, Detroit, St Louis (Ferguson) and in Minnesota (importing millions of Somalis). Or simply look to the UK or France to see where we are headed if we continue down this road. Every nation can stand a little diversity, but the amount of immigration we have seen in recent years will become toxic.


The UK circa 1960s vs 2015. Before & After Diversity

The UK circa 1960s vs 2015. Before & After Diversity

I know that abolishing birthright citizenship would be a major climb, but at least Trump is bringing these issues to the table and it will force the other candidates to address this issue. (In fairness, Rick Santorum has also been speaking on the need to decrease LEGAL immigration) And at the very least, we NEED a moratorium on immigration as we did between the 1920s – 1960s

Did you hear that out of a small sampling of 40 e-mails from Hillary’s personal server had 4 classified e-mails amongst them? And she turned over 30,000? How about all those “private” e-mails about Chelsey’s wedding dress that got deleted? Oh snap! I am giddy thinking about the possibility of Hillary wearing an orange or black and white striped pants suit.

Hillary Clinton, trying to out-socialism socialist Bernie Sanders, has announced a new plan for taxpayers to pay for someone else’s kids college.

She calls it “The New College Compact”.  Here are the highlights:

  • “No student should have to borrow money to pay for tuition at a public college or university.”
  • “Schools will have to control their costs and show more accountability to their students.  No more 42% increases over ten years (way above the rate of inflation of anything else).”
  • States will have to meet their obligation to invest in higher education.
  • The federal government will increase its investment in education and will not profit any longer off of student loans.
  • And everyone, everyone who already has student debt will be able to refinance it at lower rates.
  • We’re going to make community college free.

The upshot is, every one of those things, even not profiting off student loans, the States can do already. The fact is that the State legislatures choose not to do it.

Georgia has Hope Scholarships, which provide free in-state tuition to all Georgia High School students with a B average or better. The federal government has the same revenue source the States do — We the People.

One other point she made, that if one gets a loan to attend a private college, then repayments would be limited to 10% of your income and would have a fixed term — even if you do not pay it off!

Well, that’s nice. Would you give a loan to someone for a course of study that might not land them a good-paying job?

Then she hits the colleges with the same hammer: “We will make sure colleges and universities have more skin in the game. If they load students up with debt for programs that don’t lead to good-paying jobs, students and taxpayers should not be the only ones holding the bag.  The colleges deserve a certain amount of the responsibility and they will have to fulfill it.”

Well, there goes the History Department — and the Drama Department, and the Music Department, and the Philosophy Department, and the Dance Department, and several others I cannot think of right now.

This will turn our colleges and universities into nothing more than glorified trade schools. You can major in Mathematics, Computers, and Engineering. If you want to study anything else, be an Education major and learn to teach it.

We ready fo’ war. Maybe if they were ready to be educated they would bypass war and try dialogue. There is always a way around turmoil if you look for it and that is usually done through calm, intellect and education. I thought we were getting there, even if it was slower than some people would like. That has changed and it has done so radically and with haste because of this current federal administration. We have a blatant socialist running for president that has a massive following. We have kids shouting down public speakers and taking over venues with hate and viciousness. Who are these “people”? They are the next generation; products of indoctrination through our public school system, colleges and public idolized figures. All they hear on a daily basis is someone making war on _______ and they don the mantle to fight for the cause, never really knowing anything about what the cause is.

We ready fo’ war. Chanting while idolizing a thug that stepped way out of line and paid the price with his life. Seems like professional rioters looking for an action….or war. But war on who? Well if you read this You will see that Louis Farrackhan wants war with those who have killed his people for 400 years. Must be those Africans who enslaved those other Africans and killed tribes wholesale. And he only needs an army of 10,000 volunteers to do it. Maybe, just maybe, he is talking about “white folk” or the “white apes”. I mean, Louey talks and days later a cop gets shot….a white cop. Chant “we ready fo’ war” and then let loose 40 rounds of gunfire at the police.

What will happen only time will tell. Any black-on-white crime will be overlooked. Any black-on-white hate speech will be first amendment rights. But the next white-on-black issue will probably be the match to the tinderbox. Time will tell. We ready fo’ war..

On June 18th, some nut job, who others claim as a “white supremacist”, killed 9 people in a Charleston church. Within the week the DOJ was already setting about to award each slain person’s family the sum of 3.2 million tax payers dollars. A story I picked talks about it here. I would have associated this with making reparations for what happened to the slaves way back when until I realized that something similar was done for the Sandy Hook shootings.
Now the politics of the church shooting are much more than the school shooting. Both had guns as the instrument to cause death and guns are a big liberal no-no. Innocent lives cut short by a crazy person. I have been following a similar story where there are no monetary reparations. 5 innocent lives cut short by a crazy person. Don’t know where the DOJ is on this one. I mean, they give money to matters of the state but when it is matters of the fed, no such luck. I am talking about the recruitment center killings. Every day I check and every day just nothing. What is the difference? Why the double standard? After all, it is our money and WE should be able to decide who to give it to, right? What a despicable administration this is.