Mad Money Machine

I announce the publication date of my upcoming book: The Original Counter-Argument: The Founders’ Case Against the Constitution, Adapted for the 21st Century.

I read the Preface

I read the Background chapter.

For more information about The Original Counter-Argument, go to PlanetBoyer.com

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We announce the Winner of the Lazy Portfolio Smackdown for 2011

Simba’s spreadsheet shows how lazy portfolios performed against each other.

Park City UT has enough snow for me.

TOOL: Podcaster app for iPhone

GURU: Ron Paul’s risky investing strategy. Here is the WSJ article. Here are his holdings (account required)

Can gains still be had in long term bonds?

September 17, 2012 will be the 225th anniversary of the signing of the US Constitution by 39 delegates who stayed around at the Federal Convention in Philadelphia. George Mason, Edmund Randolph, and Elbridge Gerry did not sign.

I ENCOURAGE you to Download this show thru iTunes! But, if you just cannot deal with that then go ahead and Play the new show right now

Got Feedback? Try any one of these methods:

email: feedback AT MadMoneyMachine DOT com

Hook up with Mad Money Machine at FaceBook.com/MadMoneyMachine

voicemail: 571-366-7121

Twitter me at Twitter.com/MadMoneyMachine

Take the MMM Survey

Something different for this episode!

Imagine that a group of respected people from various Countries got together recently at some National Summit meeting (let’s say, in Philadelphia) for the explicit purpose of modifying their previous UN treaties and agreements with each other. At the outset of the Summit, it was declared that no one was allowed to talk about the Summit outside the meeting. They met for four months, in a closed Summit hall, in complete secrecy. But instead of doing what they said they were going to do and modify previous agreements, they cleverly decided to create a completely new Treaty of the United Countries, seeking to establish a single world government comprised of legislatures, judges, and even a president of the world.

The people who met at the Summit decided that in order for this new United Countries Treaty to come into being, that 9/13ths of the Countries would need to sign it. But instead of requiring signatures from the various legislatures, it just asked for signatures from special Country Summits.  At the end of the Philadelphia Summit, even though not everyone at the Summit agreed on the wording or ideas in the Treaty, they stated that the attendees “having written the Treaty decided unanimously to send it to the Countries for approval.” Heh heh, get it? They decided unanimously to send it. Clever. Thinking this would confuse ratifiers into believing the Treaty was unanimously agreed to. The wording of their new Treaty began with the phrase, “We the people of the Unified Countries…” But shouldn’t it have read, “We the countries of the Unified Countries?”

The people in favor of the new Treaty decided to take the name “Nationalists” for themselves and for everyone who agreed with this new world government, even though “Globalists” might have been a more accurate name. They called anyone that disagreed with them “Anti-Nationalists.” (Clever!) After their Summit, three of the key authors of the Treaty wrote Op-Eds in the New York Times under pseudonyms so that no one knew they were the Treaty’s authors. Clever! Their goal was to convince the Countries to agree to the Treaty. The 85 articles they wrote came to be called, “The Nationalist” or “The Nationalist Papers.”

In them they said that this new “National Government” was needed to combat a common threat. They didn’t specify the threat exactly, but perhaps it was a global environmental threat or astroid collision or lone-wolf terrorists or threat of alien invasion.  Whatever it was, this threat was a CRISIS! The Countries must act immediately to ratify the Treaty. Some even begged that time need not be taken to debate the Treaty in detail, just agree to it and trust the respected people of the Summit that it is the right thing to do for the Countries.

Some of the articles in the Treaty stated that they would need to impose taxes to fund a defense against the threat. A militant force would be assembled to fight the threat. Land for a headquarters of 10 square miles would have to be established. There was a clause that said that the new National Government could enact laws that were “necessary and proper” for executing their powers. Another one said that the new Congress would have the power to “promote the general welfare” of the United Countries.

Some things not explicitly stated in the Treaty would happen anyway: People would be employed to collect the taxes.  A World police would come about to enforce the collection of taxes. After some time, agencies would eventually rise such as the National Bureau of Investigation (NBI), World Security Agency (WSA),  The World Guard, External Revenue Service (ERS), World Reconnaissance Office (WRO), National Emergency Management Association (NEMA), Department of World Education, Department of World Energy, et cetera…

Eventually, this new Nat[...]