Dear CIGAs,
CIGA Dean shares with us a case study on why the heard headed for the long bond, for the T bill and into every port that was and will be no port in this financial storm. There is only one and that is Gold. They will come at $1650 and again at $6000.
Jim,
I wanted to pass this story on to you, Dan and Monty.
I grew up on a ranch. The largest structure on our ranch was a very large and beautiful classic designed barn.
One night when I was very young the barn caught on fire.
My Dad and his hired men risked running into the barn to rescue the horses. Naturally the horses were panicked and terrified. After getting the horses outside to safety the horses turned around and ran back into the barn. Despite their best efforts they could not stop the horses from running back into the barn and they all perished in the fire.
Why would the horses do such a foolish thing?
My Father told me that the barn was where they felt safe and secure. He explained to me that in their blind panic they ignored the obvious danger and they ran back into the only place they had been conditioned to feel safe in.
Sound familiar?
CIGA Dean
Jim,
Here is a case of political correctness run completely amok…
No one or no thing is safe until Washington is in recess. If it moves these people will tax it…
Trader Dan
Dan,
What about taxing human flatulence at $10 a pop, of course with a national identity card placed appropriately so that automatic reports are made of offending incidents. We want zero tolerance when it comes to this offal subject.
Regards,
Jim
EPA ‘Cow Tax’ Could Charge $175 per Dairy Cow to Curb Greenhouse Gases
Farm Bureau warns just this one rule may increase milk production costs up to 8 cents a gallon.
By Jeff Poor
Business & Media Institute
12/30/2008 4:55:19 PM
Call this one of the newest and innovative the ways your government has come up with to battle greenhouse gas emissions.
Indirectly it could be considered a cheeseburger tax, but one of the suggestions offered by the Environmental Protection Agency (EPA) in its Advance Notice of Proposed Rulemaking (ANPR) for regulating greenhouse gas emissions under the Clean Air Act is to levy a tax on livestock.
The ANPR, released early this year, would give the EPA the authority to regulate greenhouse gas for not only greenhouse gas from manmade sources like transportation and industry, but also “stationary” sources which would include livestock.
The New York Farm Bureau assigned a price tag to the cost of greenhouse gas regulation by the EPA in a release last month.
“The tax for dairy cows could be $175 per cow, and $87.50 per head of beef cattle. The tax on hogs would upwards of $20 per hog,” the release said. “Any operation with more than 25 dairy cows, 50 beef cattle or 200 hogs would have to obtain permits.”
Kate Galbraith, correspondent for The New York Times, noted on the Times’ “Green Inc.” blog that such a “proposal is far from being enacted” and that the “hysteria may be premature.”
But Rick Krause, senior director of congressional relations for the American Farm Bureau, warned it’s certainly feasible – especially based on the rhetoric of President-elect Barack Obama and the use of the EPA to combat global warming. Such action by an Obama administration would take an act of Congress for livestock to be exempt.
