Next class second Saturday of September.

Call me at 437-2607  for more info.  Note that class will be second Saturday, I will be calling people to inform them.

And a new religion is born

Kirpan

Some of my loyal readers (all two of you) may have heard of Sikhs.  Sikhs represent an eastern religion that among it’s tenets demands that it’s adherents be ready to defend the innocent at any moment.  The weapon of choice is the Kirpan pictured above.

Now there are news out there about a change in California law that will legalize the carry of Kirpan’s by observant Sihks.

Sacramento, California: In a landmark legislation, the California State Legislature has unanimously passed a bill to train law enforcement personnel about Sikhs and the religious significance of ‘kirpans’. The legislation (AB 504) was unanimously passed by the California State Legislature. The bill moves to Governor Schwarzenegger, to sign it into law.

“AB 504 is an important bill that recognises the state’s responsibility to protect religious freedoms, while ensuring public safety,” said Assembly member Warren Furutani, who introduced the bill in the state legislature this year.“The Sikh community should not live in fear of arrest by law enforcement for carrying the kirpan,” he added. 

The bill defines a kirpan as a blade that resembles a sword and is required for the practice of the Sikh faith.

While several police and sheriff’s departments have recognised the need for this type of training and have been conducting it on an ad hoc basis, the bill would standardise the process statewide, the legislation said.

The training would specifically advise officers “how to recognise and interact with persons carrying a kirpan.” The Sikh Coalition, a Sikh advocacy group, hailed the passage of the bill as a historic occasion.

“Should it become a law, this would be the first law pertaining to kirpan in the US,” the Sikh Coalition said.

It said the legislation arose out of a number of Sikhs being arrested for carrying kirpans because the police mistakenly believes them to be in violation of concealed weapons laws.

“Our hope is that being educated about kirpan and its religious significance will decrease the number of wasteful arrests,” the coalition said.

“Given Sikhs’ long history in California, as well as the fact that this state has the highest number of Sikhs nationwide, it is entirely appropriate that California take this pioneering step,” said Neha Singh, Western Region Director of the Sikh Coalition. “We hope that the education will help reduce the number of Sikhs needlessly being arrested for practicing their faith and focus the energy of law enforcement on actual threats to the public safety,” Singh said.

The bill requires the commission on peace officer standards and training within the Department of Justice to make available to all the law enforcement agencies training content on how to recognise and interact with persons carrying a kirpan, as specified.

It requires that the training content includes instruction on how arrests of Sikhs carrying a kirpan have historically been treated and the alternatives to those arrests and detentions that have successfully been used.
Link.
Can I be the first to preach of the Church of Gunpowder? We have many saints, ranging from Colt to Glock. We do not require any tithe or for that matter any particular adherence to any article of faith found in Gun Digest or Gun World. Our proselytizing consists of taking folks to the range, that is the only  article of Faith.  We are not a jealous faith, we seek no converts from established religion.  You can be at peace with your faith and still join us for worship, we seek to add more light ( and flash, bang and smoke) to your  existence.

If you have ever savored the feeling of that perfect shot, or that perfect gun then you already are a member.  If you want to learn what shooting an old winchester or colt feels like, you are hearing the calling.  Give in, let the patron saints guide you.  If you want to become a member, let us know, you probably already have a brother or sister in the faith as an acquaintance

Once we have enough public members, then lets get recognized so as to allow us the open and legal practice of our religion.  Your patron saint may call for the veneration of a short barreled rifle or perhaps old blackpowder revolvers are more in tune with the saint Sam Colt.  Your choice our religion.

Till next time.

I am about to stop allowing women use Beretta .380’s

in class. Don’t get me wrong, some of the best shooting I have seen done by a student was done with one of these fine handguns. However if you are weak, older, infirm, arthritic, or suffer from  injuries to your hands, Beretta .380’s in the open slide version are almost impossible to rack and load.   The problem for many people is the open top on the slide coupled with the puny amount of real estate available on the back of the slide for gripping.

Beretta 84F .380 with slide locked back

Note how little space there is for grip at the back of the slide, especially once you discount the rounded part of the top of the slide.  Together with the pinch of the slide meeting the barrel, it appears to that many folks have trouble making this little gun load.  It’s a shame because the gun is a very accurate little piece, but it’s design is not well suited for use by everybody.  You may ask   “Well, what is well suited?”  There is no one solution to that question, I would recommend lot’s of shopping and handling many different weapons before making a decision.  The decision should be made by the actual user of the weapon, not by any body else.

Ease of use and dependability should be very high on the list when evaluating what you want in a defensive pistol, if you cannot easily manipulate the weapon or if it is not reliable are deal killer’s in my book.  I should have my training post up later this week.  See you in a bit.

Some more ideas to consider

When I teach my CHL classes I attempt to cover more than what the state requires. Specific thoughts and ideas regarding training (can’t have too much), weapons (it’s not what the clerk is trying to sell you, it’s what works for YOU), holsters (lifestyle and gender driven holsters are a post all by themselves) less than lethal alternatives (pepper and tasers), mindset (much more important than what most people think).
I am working on a series of posts covering all of the above topics, later this week I will have training up for your consideration.

Texas State Aquarium in CC

is not posted 30.06. A good time was had by all. Class is scheduled for this Saturday June 20th.

Congrats to a fine officer

Iv Garza has been chosen as Roma PD Officer of the Year. Considering the fact that Roma PD has stood head and shoulders over the rest of Starr counties law enforcement for years just makes the award that much more impressive.
Officer Garza stands out in a department full of exemplary officers, the citizens of Roma sleep well knowing their safety is in such capable hands. Thank you gentleman, all of you, for your devotion to your community and city.

Everyday heroes

There is more than a bit of irony and huge amount of sadness regarding today’s shooting at the Holocaust Museum. Ponder for a bit the ironies involved in having an African-American security guard stop a nazi whackjob from mass murder at a museum dedicated to preserving the memory and lessons learned about Nazi’ism and other collectivist isms from not so long ago.
The sadness regarding the guards death and the fact that it happened in a victim disarmament zone-had the initial attack not been stopped we would probably be talking about a much larger number of victims.
Stephen Tyrone Johns sets an example of what Americans should strive to be. His behavior is expected from our soldiers on battlefields far from our shores, yet his sacrifice happened in our nations capital. Let us pray for this brave man’s family and friends. Men of such character are sorely missed when taken from us before their time.
Pray also that we may be as bold and brave if our turn to man the barricades comes and we do justice to what others have done before, often at the highest possible cost.
More info here.

When even the financial writers are saying buy guns…

One would have to be hermit to not realize the serious financial problems that we face as a nation.   I found the following today:

Ten Things You Must Do

As I have often said, “I don’t do specific investment advice.”

There are several reasons for this, among them being:

1. I’m not a registered investment advisor.  That is, it is actually illegal for me to run someone else’s money (other than as a trustee, such as for my daughter.)
2. It is flatly impossible for me to calibrate someone’s risk appetite and capacity, both physical and mental, to absorb possible loss, over The Internet or, for that matter, without an extensive inventory of someone’s income, assets and liabilities.  (By the way, most so-called “financial planners” don’t do nearly enough in this regard to FULLY understand their clients.)

But at turning points in the market – such as prior to 2008 – it was easy to see what was coming – even if timing was somewhat uncertain.

This is one of those times, and it compels me to publish a list of “10 things you must do now” – that is, if you have your eye on the ball.

The last week’s wild gyrations in the bond market have made clear that Bernanke and his “pals” are quickly losing control of the bond curve.  Friday’s selloff in 2s was particularly ominous as that money did not go into equities or precious metals – it simply “went”.  The 2year is commonly thought of as the “demarcation line” between the short and long end, so when I saw 2s get sold down the antenna went up in a major way.

It is one thing for people to flee the long end of the bond curve; that’s bad.  Its another for people to flee Treasury bonds in general – that’s an unmitigated disaster.  The auctions last week showed that there is an incredible appetite from foreigners for very short term government debt – 4 week to 52 week bills – where the indirect bidder activity was at or close to double historical norms.  This, in the face of the incredible amount of issuance that is occurring, tells me that they’re selling something to replace it with these short-term instruments.  Friday told us what the “something” was.

Folks, we have taken the wrong road.  At the fork in mid 2007 and indeed into 2008 when the fork was still accessible I wrote extensively on the path we had to take if we wanted to avoid at best a Japan-style flatline of the economy for years, and at worst something beyond the 1930s in terms of awful.

We have done nothing to rid ourselves of toxic debt.  The implosion of the PPIP, the latest incantation of the “Super-SIV” (remember that?) makes clear: government will not force recognition of losses and thus the clearing of the market, as doing so would destroy too many who have bribed, er, made “campaign contributions”, to the political sphere.

Worse, government not only took on these debts themselves (via The Fed and Treasury with their “support” programs) but continues to issue more and more debt to fund what is a categorically-insane federal budget – one that is, this fiscal year, going to run a deficit of some forty percent.  To put this in perspective when George W. Bush was President many (myself included) were screaming about 10% fiscal deficits.  Barack Obama proposes to run a deficit four times greater in percentage terms.  Where are all the media and other pundits who were yelling about Bush’s “deficits for war”?  Silent, that’s where, because this time the person doing it is a Democrat.

But math doesn’t care about politics.  Math IS.

As a consequence we will instead face the music that this debt overhang will impose on us, whether we like it or not.  We have now transferred some $12 trillion in either liabilities or “promises” to The Federal Government, representing a tripling of the “public float” of outstanding debt and a doubling of the nominal amount.

This approaches the GDP of the nation in ”additions” and exceeds it in total - a demonstrably unsound liability and at or beyond the “warning levels” that Moody’s, S&P and Fitch have said would trigger possible “AAA” downgrades.  That is coming, whether it happens now or later.

The demographics also cannot be argued with.  The boomers have had their retirement decimated.  Even with the market levitating at a P/E (on GAAP earnings) of some 120 times (!), they’ve still lost more than 30%.  Computing P/Es on “operating earnings” is a sham and a fraud, declaring that investment and credit losses don’t really matter, yet if you go over to the WSJ “data page” or Yahoo’s, that’s what you’ll find.  (Why do they do this?  That’s easy – if you saw a P/E of 120, what would you do as an investor?)

As the boomers are forced to pull their retirement funds they will come out of stocks and ultimately yank the underpinning out from under all asset classes.  It is inevitable.

You have undoubtably seen the “quotes” up above on the banner of this page.  Those are not abstract musings.  They are mathematical computations of where the indices and those names should be trading without the excess liquidity provided by pulled-forward debt demand.  Will the indices and names get there?  Probably not, because not all debt-driven demand will disappear.  But it is a sobering reminder, in your and my (along with everyone else’s) face of exactly how much fraud we have countenanced in our financial system.

Pulled-forward demand cannot be pulled forward a second time.  You can keep layering it up but each layer leaves behind interest expense and a principal overhang, both of which must ultimately be either paid off or defaulted.

Now add to this the foolish (arguably insane) pandering to the UAW in favor of bondholders with both Chrysler and GM.  The government (wisely?) decided to make “secured” bondholders in GM whole – something they didn’t do with Chrysler.  Who were they?  Largely the very same banks who got TARP payments.  Gee, what a surprise.  The “ordinary bondholder” – that is, the retiree or parent trying to finance their kid’s college education got hosed, while the UAW, who was also unsecured, got more than twice the recovery they should have.  Worse, none of their “legacy costs” – pensions, medical and hourly pay – were brought in line with competitors.  GM and Chrysler will go bankrupt again, this time after draining more than $50 billion out of the Treasury!

Honda and Toyota executives have to be chuckling at the stupidity of our government, and salivating at the opportunity to take GM and Chrysler apart – for a second time.

The risk of a “sudden stop” event where the bond market tells the government to “piss off” has never been higher.  A ratcheting up of the yield curve, when the average maturation of government debt is now just under 4 years, could easily double interest expense in the budget.  This would put the government in a nasty box: either curtail spending by twice that much (that is, roughly $800 billion) immediately or the addition to the deficit could force another ratchet higher in yield.  This is a “death spiral” that can happen with amazing speed.  If it does, everything you think the government should provide will disappear and asset prices – all of them – will collapse along with the economy.

How likely is this outcome?  About 60%.  Not certain – yet - but too high.  A couple of years ago I would have pegged this sort of nightmare scenario in the 20% range.  Back in September and October, 30-40%.  In March, 50%, but driven by pension fund explosions in the large-cap space.  Now that seems to be temporarily off the table due to the rally in the stock market (gee, think Bernanke saw that risk too?) but the problem wasn’t resolved – they just shifted the risk once more, this time to the Treasury curve.  If the government is once again forced to pull liquidity to defend the Treasury complex (and I believe they will) we will ratchet the risk higher, as the stock market will again decline precipitously but we will have cleared nothing, leaving the risks as cumulative.

How many times can we “kick the can”?  An infinite number of times?  Absolutely not.  Each kick fills the can with more and more sand, until you stub your toe.

Do you want to be investing in stocks right now?  Why?  On the back of a 40% rally?  If you missed it, you did.   What are the odds of another 40% increase? Back to 2007 highs?  With unemployment knocking on 10%? – the “more severe” stress test scenario – and almost certain to not stop there?

Now consider the risk of a 40% decline – that is, back to the March lows or worse.  Unthinkable?  Think again; it happened before, didn’t it?  Care to bet against the macro economic environment?

Don’t say you weren’t warned.

So without further adieu, here’s my list of 10 things you need to be doing now:

Stop listening to those who claim that “The Market is telling you the recession is ending/over.” Baloney.  What was the market telling you in October of 2007 when the SPX hit 1576?  That everything was great and “subprime was contained”, right?  Any more questions on that piece of nonsense?

Get out of debt – NOW.  Revolving debt in particular is murderous.  If your credit line hasn’t been cut back or your interest rate jacked, you’re one of the few.  It will happen.  Going bankrupt due to increasing debt service requirements (with or without job loss) sucks.

Stop spending more than you make – in fact, do the opposite – start saving.  NOW. You need to be saving 10% of your gross income.  Not net or “excess” – gross.  These funds serve two purposes: an emergency fund (which you’re likely to need) and if you have one already it will also serve as a fund to buy up assets that will be puked up when things get really bad.  You don’t get wealthy by selling to some other sucker – you get wealthy by buying when nobody has any money to buy – that is, by driving the hardest bargain you can imagine!

I’ve said it before but it bears repeating: have the ability to make it even if you lose your job. Most people say three months of reserves are necessary.  I’ve said six months to two years, and I’ll reiterate it.  And reserves means cash, not credit.  Parked in a credit union is ok – but be prepared to make that actual cash in a big honking hurry if you need to.  How do you know if you need to?  If and when the first Treasury auction fails, the market crashes below the 666 March low and/or a big bank fails, you need to.

Pull ALL of your business from ANY bank that has received federal assistance.  The community banks and credit unions have been screwed by the crony government interests in two ways – first, by regulators allowing bankrupt banks to pay overly-large CD rates when they’re insolvent (that’s fraud on its face) and second by proposing to tax them through FDIC assessments to pay for the sins of the imprudent.  Withdraw your consent and assistance – move your funds to a credit union or local community bank, but before doing so ask to see their financials and look specifically for over-leverage in commercial real estate and other development “assets”. HIT THE BAD GUYS IN THE WALLET – THE ONLY PLACE THEY UNDERSTAND!

If you have assets in the stock market, and have thus enjoyed the rally off SPX 666, either sell or hedge that exposure RIGHT  NOW. The upside risk is what – 10%?  What’s the downside risk?  50% or more.  You can hedge effectively with PUTs which have gotten much cheaper as the VIX has fallen, or simply sell out and go to cash.  In my opinion you’re insane to play for another 10% gain when you may suffer a 50% loss, but that’s my view.  Just don’t say you weren’t warned if you do nothing and the collapse occurs!

Figure out what you’re going to do if we suffer a “sudden stop” and be prepared to execute that plan. Consider what a collapse in trucking, for example, does to the food supply into major cities.  This is a low-probability risk right now (perhaps 10-20%) but if it happens major cities will become free-fire zones within hours. A gun won’t do you a damn bit of good when there’s a potential rifle barrel sticking out of every window and the person behind it is interested in the bag of groceries you’re carrying.  You are not Rambo (and by the way, have you noticed that Rambo always goes after bad guys in some small, flat hellhole?  Ever wonder why?  With a sniper rifle poking out of every second window even John Rambo doesn’t stand a chance.)  Those who live on the coasts have hurricane plans.  Everyone needs a “sudden stop” plan, and it must not rely on access to credit of any sort, because if “it” happens that access will disappear instantly.  For people in rural America, this might not be that big of a deal.  For those who live in big cities it is – and its something you probably haven’t thought through to the degree you need to.

Don’t count on metals.  I know, I know, we’re going to hyperinflate and gold is going to the moon.  I have one question: Can you eat it, drink it, run your car on it, sleep under it, or screw it? No?  That’s a problem.  A “sudden stop” is not a hyperinflationary event – it has good odds of being quite the opposite.  God help you if you put your eggs in that basket and are wrong.

Acquire lawful means of self-defense. Your odds of being victimized are roughly 1 in 100 annually under normal conditions.  What happens when its 1 in 5?  Think it won’t be?  Ok, if doesn’t really get bad then you spent money on something you don’t need, but you still have it and can sell it (even if you take somewhat of a loss.)  If you wait, and then decide you need it, what are the odds of being able to find a firearm?  And by the way, weapons you don’t know how to use in a competent and cool fashion if you need to are worthless or worse.  This means range time and/or professional instruction, and both take time, effort and money.  Again, this is called “hedging” – your life and property, this time (instead of your investment portfolio)

Figure out who your friends are – and aren’t.  This isn’t about who you like.  Its about who you can trust with your back – no questions asked.  If things get bad the second-to-the-last thing you want to be is alone – right before being around anyone who is less than 100% trustworthy.  Think about this point long and hard – this doesn’t mean dumping acquaintences now, but it does mean knowing who you group with if you need to – and who you avoid.

LINK

Note what I bolded.  These are not normal times by any stretch of the imagination.  Plan accordingly.  If you want to get your CHL training, I have a class June 20th, contact info on top of posts.

We don’t have many of these heroes left

The following obit caught my eye a couple of days back.

DANUTA “DONNA” KUHN
Danuta “Donna” Kuhn, 85, died Tuesday, June 2, 2009 in Houston, Texas. Donna was born January 6, 1924 in Poland.
She aided in the fight against the Nazis during the Warsaw Uprising alongside her twin sister. Both fought as teens and later Donna’s twin was killed by a Nazi hand-grenade in front of her eyes. Shortly afterwards Donna was shot twice by the Nazis and later imprisoned at a women’s labor camp. Following the war, Danuta met her husband, Witold, at a displaced persons camp in Bavaria, Germany. Both were working for the United Nations at the camp and married on January 6, 1947.
In August of 1949 the Kuhn’s immigrated to America and settled in McAllen, Texas. Danuta was employed by the Klinck family for more than thirty years. After her retirement, Donna was very devoted to her church, Our Lady of Sorrows Catholic Church, in McAllen. Danuta was active as a Eucharistic Minister and was also involved in many rosary and prayer groups. She loved to garden and travel to visit her grandchildren.
Witold and Danuta were married fifty years before he passed away. Donna spent the past eight years in the Houston area to be closer to her family.
Preceded in death by her husband, Witold, survivors include her three children; Alice (Mike) Wheeler of Oklahoma City, OK, Angela (Dan) Smith of Houston, TX, John (Christine) Kuhn of Spring, TX; grandchildren, Andy (Nicole) Wheeler of California, Chris (Shannon) Wheeler of Oklahoma, Katie Wheeler of Oklahoma, Samantha and Cassidy Smith of Houston, Texas, August, Roman, and Marcus Kuhn of Spring, Texas; and two great granddaughters Isabella and Lainey.
A rosary will be recited at 7 p.m., Sunday, June 7, 2009 at the Kreidler Funeral Home on North 10th Street, McAllen, Texas. Funeral Mass will be at 10 a.m., Monday June 8, 2009 at Our Lady of Sorrows Catholic Church. Burial will follow at Roselawn Cemetery.

On the 65th anniversary of D-day,  Mrs. Kuhn presents us with an example of the the evil that we were fighting and what the proper mindset is when faced by it’s modern day equivalents.  Imagine the fear felt by the Polish people as they fought  the most ruthless military in the world.  The best arms available to them were homemade mortars and those were in short supply.

Yet in spite off all the shortcoming in arms, one thing that the Poles had in abundance was guts.  Guts carried the Polish home army when  western allies led by democrat Franklin D. Roosevelt  failed in providing much needed supplies. See here for more on that act.

At the end the Poles were destryoed, but not before further damaging the wermacht.  The treatment of the Polish people by Stalin after war is a treatsie for another day.  For now God bless you Mrs. Kuhn and all those that fought against evil not so long ago.

Good news for CHL holders

It appears that CHL holders will again be able to legally carry in national parks. Will update late.

I am trying to get some class dates set up for June.

I will probably have one renewal class and one new applicant class towards the end of May and the first Sunday in June. Those of you that have called me I will be in touch with a reminder. We have been having medical issues in our family which has made scheduling difficult, thank you for your understanding.