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THE NIGHT WE WAVED GOODBYE TO AMERICA

Anyone would think we had just elected a hip, skinny and youthful replacement for God, with a plan to modernize Heaven and Hell - or that at the very least John Lennon had come back from the dead. The swooning frenzy over the choice of Barack Obama as President of the United States must be one of the most absurd waves of self-deception and swirling fantasy ever to sweep through an advanced civilization. At least Mandela-worship - its nearest equivalent - is focused on a man who actually did something. I really don't see how the Obama devotees can ever in future mock the Moonies, the Scientologists or people who claim to have been abducted in flying saucers. This is a cult like the one which grew up around Princess Diana, bereft of reason and hostile to facts.

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THE PHOENIX CONSPIRACY

The To The Point Phoenix Rendezvous is little more than two months away: January 23-25.  It will be a conspiracy - TTPers plotting how best to survive the depredations of the coming NMP Regime. As we said in the immediate wake of last week's electoral insanity, TTP will be focusing on practical survival, on preserving and even expanding your freedom and pocketbook. Yet - a big yet - there are a number of things that we can't put in print, but can only discuss in a completely closed-session off-the-books personal discussion - and that's what we'll be doing in Phoenix.  We'll be sending you the details regarding the venues and costs shortly.  But to get in an early reservation and deposit, as we can accommodate a limited number, please email Miko, TTP's general manager, at [email protected]  now. Speaking of now, however, let's get to work on some initial steps you can take to protect yourself personally and financially.  Here are two ways to consider regarding what to do with your money, one relative, one absolute.

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DO SVIDANIYA

That's how you say goodbye in Russian (pronounced das veh-don-yah).  Adios, comrades.  Finita la musica.  The music is over for Putin and all the other commies in the Kremlin. Putin's personal fortune and the Kremlin's cash cow lies in Gazprom, the Russian gas monopoly that supplies over 20% of the government's budget.  Six months ago - last May - Gazprom (GAZP:RU) had the largest market cap of any company in the entire world, US$360 billion.  It is now (11/13) $91b.  It has lost 75% of its value and so has its share price. Further, it has made a number of large acquisitions with its stock as collateral.  Margin Call City.  That's gas.  Let's take oil.  The Kremlin says its budget is based on a price of $65 a barrel, while independent analysts think its at least $70.  Yet the collapse of benchmark oil prices to below $60 currently masks the fact that Russia sells a lower grade, Urals Crude, than benchmark grades like Brent or WTI (West Texas Intermediate). Today, Urals crude closed at $48.80.

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WE NEED NEWT

Ordinarily, the identity of the party chairman doesn't matter very much.  The proof of this is that the current chairman of the Republican National Committee is Mike Duncan.  I hadn't heard of him, either. The party chairman is usually mostly a fund-raiser and a technician.  But this is one of those rare times in history when the chairman of the Republican National Committee will have to function as the chief spokesman for the party, its primary public face. The RNC will select a new chairman soon. The new leader needs to be a man of ideas and vision who can communicate them well, and a superb fund-raiser who is comfortable with the new technologies.  But Ronald Reagan is unavailable, and Superman and Batman exist only in comic books. But there is a man whose time has come, or, rather, returned.

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PALIN IN 2012!

The week before the election, the Obama campaign ran a television commercial attacking the Republican candidate for vice president. To my knowledge, this has never been done before. Within days of Sarah Palin's selection by John McCain to be his running mate, there was speculation in the news media that maternal neglect was the cause of baby Trig's Down Syndrome; that Trig was really daughter Bristol's baby; that Sarah was a fundamentalist who believes dinosaurs and men coexisted; that she once belonged to a secessionist party; that as mayor of Wasilla, she tried to have popular books banned from the town library. None of this was true, but this was how the news media introduced Gov. Palin to people in the lower 48.  No vice presidential candidate has ever been subjected to such a torrent of abuse.

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THERE’S GOT TO BE AN ELEPHANT IN HERE SOMEWHERE

Ronald Reagan was fond of describing the ultimate optimist as a young boy happily digging through a huge pile of horse manure while yelling, "There's got to be a pony in here somewhere!" So after six weeks in Eastern Europe, Central Asia, and 7,000 kilometers overland across Chinese Turkestan, I've returned to Washington and the biggest pile of political manure in the history of America.  I can't help thinking that Ronald Reagan would say, "There's got to be an elephant in there somewhere." First, though, let's dispense with two alleged "silver linings" to this debacle.  Both are stupefyingly naïve.  One is that this election "heals" the wound of racism and the legacy of slavery, so that nevermore can Sharpton-type race hustlers claim that America is an incurably racist nation. This is delusionary. 

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1977-1983: RESURRECTION

Her name was Jacqueline. I thought of her as I stood on the beach looking out at the waves. It was a lonely stretch of beach in north Malibu, near the Ventura County Line. Far away from the frenetic bustle of L.A., I had moved up here where it was peaceful and quiet, where I could walk on the beach in solitude and recover from her loss. She was born in the French Alps, the daughter of a cheesemaker. Growing up in the rustic village of Villette‑par‑Aime in the province of Savoie south of Mont Blanc, she had had a Heidi‑like childhood ‑‑ herding sheep, milking cows, gathering wild raspberries and mushrooms in the forest. She grew up to be a tough strong mountain girl, helping her family eke out the montagnard (French mountain peasant) way of life amongst the glaciers and waterfalls, the high alpine pastures strewn with wildflowers, the valleys and crags of the Alps. Finishing the local school, she made her way to Paris as a magician's apprentice in a traveling magic show that toured through the small villages and towns of France, from Provence to Gascony, from Brittany to Champagne. Once in Paris, she struggled at part‑time office jobs while taking singing and dancing lessons at night. The lessons paid off when she was hired by the legendary Folies Bergère. With her spectacular beauty, she quickly became the world famous show's principal showgirl, idolized by all of Paris and surrounded by a horde of admirers ‑‑ writers, directors, millionaires, and playboys. "Every night," she had told me, "there would be so many roses in my dressing room I hardly had any space to change costumes. And just two years before, I was digging potatoes with my mother and herding cows with my father!" Her life had become a dream. But her greatest dream lay beyond Paris ‑‑ it was to come to America.

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THE END OF THE SILK ROAD

Dunhuang, Gansu Province, China.  As you can see from the map, here is where the branches of the Silk Road came together.  From Dunhuang it was a straight shot through the "Gansu Corridor" between the snow-capped Qilian (Southern) Mountains and the Gobi Desert to the first big city in China, Lanzhou, and on to the capital of ancient China, Chang'an (now called Xian, famous for the Terracotta Army made for the mausoleum of China's first emperor, Chin Shi Wang (259-210 BC) - after whom China is named although Beijing insists his name be spelled Qin). For the pilgrims, merchants, and traders who brought the exotic goods of the West to the East, here is where the road ended.  Finally they were in China.  So it seems appropriate that I am here at the end of the fabled Silk Road on the day when the American Road of Freedom came to an end. This is a day of true historical tragedy, when history's greatest nation of its own free will decided to commit suicide for no good reason whatsoever, an act of inexplicable mass insanity. Yet this is not a time for bitterness or anger.  It is, instead, a time to shrug.

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DEMOCRAT CONTROL OF CONGRESS IS BAD FOR THE STOCK MARKET

Does the value of your stock market holdings depend on which party controls Congress? There is overwhelming evidence it does. As can be seen in the accompanying chart, over the last quarter of a century when the Republicans controlled both houses of Congress, the stock market rose by an average of about 20 percent per year. When the Democrats controlled both houses of Congress, the stock market only rose at an average annual rate of 6.9 percent for the Dow Jones and a tepid 5.1 percent for the Standard and Poor 500.

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A CIPHER AS PRESIDENT

"After all this time with him, I still can't say with certainty who he is," wrote Peter Nicholas of the Los Angeles Times Tuesday about Barack Hussein Obama, with whom he's spent roughly 18 hours a day for most of this campaign. Sen. Obama rarely engages in banter with the reporters who travel with him, and typically is in "robo-candidate mode" on the rare occasions he does speak with them, Mr. Nicholas said. "Ironically, those of us who were sent out to take his measure in person can't offer much help in answering who he is, or if he is ready.  The barriers set in place between us and him were just too great." Less is known about Barack Hussein Obama than about any major party candidate for president in modern history.  His public resume is thin -- eight years in the Illinois state senate, four in the U.S. Senate, with two of them being spent running for president. And no candidate for president has had more problematic associations.  Here's a quick list of them that the media refuses to investigate.

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