Morning Whiskey

Investing in a “Get Over It” World

Apr 8th, 2010 | By | Category: Economics, Featured, Morning Whiskey
Being an obvious hate-monger seeking whom I might rend on this beautiful spring day I was pleased--well, as pleased as my sour, twisted, racist, homophobic, xenophobic, mean-spirited psyche allows--with the following letter to savage. While the puppy worries my sheepskin slipper beneath my desk I shall answer the reader's questions ...read more


I Stand Corrected!

Apr 2nd, 2010 | By | Category: Featured, Morning Whiskey
Some of my readers pointed out, kindly but sternly, that I am living in the past in a way I hadn't considered. Muchas gracias, crew, for demonstrating vividly that I can be at least as dense as the next racist, homophobic, intolerant, Neanderthal, semi-literate redneck. (I am always fascinated by how ...read more


Follow the Trace

Apr 1st, 2010 | By | Category: Featured, Morning Whiskey
The interesting excerpt from Trace Mayer's book made me smile ruefully because his solution to the problem is better than mine. He wrote the book first, so references to Chapter Six make it clear that this isn't all he knows about the subject. He has the luxury of not attempting ...read more


Chasing the Gold Standard

Mar 30th, 2010 | By | Category: Economics, Featured, Gold, Morning Whiskey
I suppose it is an article of faith here in the Bar that the first nation to adopt a true gold standard is going to have a commanding advantage internationally? If not, it is here in the Whiskey Redan, deep in the heart of Texas. A "redan," you will recall, is ...read more


How Is Your Wine Supply?

Mar 29th, 2010 | By | Category: Economics, Featured, Morning Whiskey
"One can but count on the wine one drinks today." Thus sayeth L. E. Modesitt, Jr., an author and a fine piece of wisdom I commend to all of you. I don't know if Mr. Modesitt regards himself as a philosopher and an analyst, as I am, or "just" the creator ...read more


No Juror Left Behind

Mar 19th, 2010 | By | Category: Featured, Morning Whiskey
My afternoon at the courthouse was instructive and disturbing. I have concluded that none of you, dear patrons, have any more chance than I did of getting on a jury even if you don't do what Esssie (over on the Texas Ring) described as "Auntie Mame Goes To Court!" I'm ...read more


Involuntary Servitude

Mar 12th, 2010 | By | Category: Featured, Morning Whiskey
In theory the USA is a country which detests slavery. Well, not counting welfare, bonds, the IRS, the EPA, public schools, and addictive entitlements that remind us of opium dens in old San Francisco. I am talking about being forced, literally, into involuntary servitude, complete with being told where you will ...read more


Gaming Imaginary Money

Mar 1st, 2010 | By | Category: Featured, Morning Whiskey
Tuesday the Fed auctioned off another $37 billion in 4-week T-bills. My first thought was that this is reminiscent of "payday loans" shops, except the rate of interest is far lower when the question is, "Buddy, can you spare $37 Bil' until next month?" but the mechanics were very interesting ...read more


A New Meaning to Special Drawing Rights?

Feb 25th, 2010 | By | Category: Featured, Morning Whiskey
Most people think that "special drawing rights" have something to do with the IMF and don't affect anyone below the top levels of the banking industry and heads of state if they have ever even heard of them. We here in the Whiskey Bar not only know what SDR are ...read more


Follow the (Gold) Money

Feb 24th, 2010 | By | Category: Featured, Morning Whiskey
Wow! Did you notice? The IMF didn’t get any bids for its latest offer to auction 191.3 tonnes of the remaining gold that it wants to sell. Apparently the Central Banks of the world have shown a distinct lack of interest in the proposed bullion sale. Gold game-over, correct? Not exactly. Recall ...read more