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Showing posts from September, 2014

Splitting Up California

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I support Tim Draper's plan. I am a partial hater of California.

The postwar WWII state population explosion demanded plans for new housing construction and real estate developers were all too happy to build California , mass produced ranch-style houses, marketed for “California living.”
The soup bowl of Southern California; part wasteland urban sprawl outside of LA and into Orange County and the boarder town San Diego, put amazing strain on the surrounding natural resources and inhibit economic stability. The conurbation of San Diego-Tijuana leads to a massive trafficking and smuggling trade, and then you have fires...It's as if the land itself is telling you to leave.
What about the rental market and California's renters law?
20% of the population is below the poverty level, K-12 education is abysmal, and a massive prison population.  Let's not even get started on water. 
From the activist site SixCalifornias.com -

"California needs a refresh. Our public schools…

Silver - Worst Performing Commodity of 2014

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Precious metals on 19 SeptemberIBTimes UK/BM The dollar rally following the Fed's indication of rate hike at the end of 2015 weakened most major currencies against the greenback and the impact on metalstoo was severe.Gold dropped 1% on the week to an eight-month low and platinum more than 2% to a nine-month trough by the end of last week.Palladium fell nearly 3% in the five days to Friday to a three-month low, making a strong reversal from the more than a decade high it hit recently.However, the drop in silver was the steepest in the week leading to the break of a key long-term support barrier of the metal. It plummeted 4.5% in the week to 19 September, surpassing the key line of $18.18 to a four-year low of $17.8.The USD index, the gauge that measures the strength of the greenback against a basket of major currencies, on the other hand, rallied to a more than four year high of 84.8.On Friday, when the USD index ended its tenth straight week higher, silver ended its tenth straight …