Episode-1073- Listener Feedback for 2-18-13 — 29 Comments

  1. Hi Jack,
    Nice analysis of the business purpose for the Heinz deal!

    Generally, Berkshire (Warren Buffett) will keep a promise like the one made to Heinz to keep the corporate HQ in Pittsburgh. It’s part of the Berkshire “brand”. Business owners will sell to Berkshire because Berkshire will basically leave it alone. For example, when Berkshire bought a furniture store that for religious reasons was closed on Sunday, Berkshire left that policy in place even though Buffett thought it was crazy.

    However, I think the merger agreement calls for 3G to manage Heinz; Berkshire is just a financial partner. So your suspicions are probably spot on. (like usual).

    Please don’t think I have a high view of Buffett. I think, outside of his business talents, that he is a piece of shit.

    Love the youtube’s of your new homestead!

  2. On the .308/.30-06 debate, I prefer the .30/06. Why? Because I love old milsurp rifles and and was able to buy a few thousand rounds of ammo for them. In the interest of caliber commonality, I chose .30/06 rifles for hunting instead of .308.

    Had I not had the other .30/06 rifles and ammo, I would have chosen whichever one I could get the best price on.

  3. Warren Buffet bought Burlington Northern. This is a map of Burlington Northern’s rail routes.

    And this is a map of the proposed Keystone Pipeline that we are told is being held up by Obama and environmentalists.

    The oil from the Bakken and Alberta is still getting to the refineries in the south because it’s being shipped by rail…..which happens Buffet, a publicly open Obama supporter.

    “Warren Buffett’s Burlington Northern Santa Fe LLC is among U.S. and Canadian railroads that stand to benefit from the Obama administration’s decision to reject TransCanada Corp. (TRP)’s Keystone XL oil pipeline permit.

    With modest expansion, railroads can handle all new oil produced in western Canada through 2030, according to an analysis of the Keystone proposal by the U.S. State Department.
    “Whatever people bring to us, we’re ready to haul,” Krista York-Wooley, a spokeswoman for Burlington Northern, a unit of Buffett’s Omaha, Nebraska-based Berkshire Hathaway Inc. (BRK/A), said in an interview. If Keystone XL “doesn’t happen, we’re here to haul.”

    Bakken oil traded at the most expensive compared with West Texas Intermediate in four months as Burlington Northern Santa Fe boosted crude rail shipping capacity for the grade to 1 million barrels a day.

    The increase of more than 25 percent over the past year covers shipments of crude from the Bakken-producing Williston Basin region in North Dakota and Montana, Krista York-Woolley, a spokeswoman for the railroad owned by Berkshire Hathaway Inc. (BRK/A), said in an e-mail.

    Bakken strengthened $4 to a premium of $1 above the U.S. benchmark at 3:54 p.m. in New York, according to data compiled by Bloomberg. That’s the most expensive the graded has traded at since May 3.

  4. Thanks Jack.. I’ve heard of SRI over the years – it makes a lot of sense, indeed. We kind of do SRI here but a little more on the anoxic side. 22 tons is incredible, totally nuts really. Would love to see what the guy did. 22 tons of anything on 2-3 acres is insane – so amazing.

  5. The 30-06 may be the grandfather of the 308 but the 300 savage is the father of the 308.

    “The .300 Savage distinguished itself further by serving as the parent to the .308 Winchester (7.62x51mm NATO) cartridge, a round that was developed for the U.S. armed forces in the 1950s and which is still in use today.”

    I just wish 300 savage ammo was as cheap as 308!

  6. The pharmacist from KY was spot on. I know several pharmacists and doctors who are preppers. Just explaining what your goals are to the doctor or pharmacist will get you a plan for stocking up on maintenance medications. Since all States have their own laws, all are slightly different. Great show.

    Here’s a link to an article about the government evaluation you referred to:

  7. About hienz and the buy-out..

    Jack,I see your point about the food distribute..what are your thoughts on the buy-out (hienz) and what we’ve all seen since 2008… With GM and crysler and Detroit city where I live is at the “cliff” …. do you think “hienz” knows it can’t keep it’s retirement obligations ? And it’s dumping when the dumping can still be “flushed”?

    • Primary Weapons Systems has joined the list of those who will refuse sales to LEOs in ban states.

      Armalite has avowed to continue sales to such government entities.

      • Barrett Firearms also is refusing sales to LEOs in states that restrict firearms ownership to citizens.

  8. holy lord I love these companies that are w/holding sales of arms to gov’t agencies. I am half asleep tonight. can you provide a list and also provide a list of large companies that we need to contact about this???

  9. You are a really good speaker. Great commentary on the purpose 2nd amendment and constitution. I wish I heard similar on television and news.

    • It would be hard to claim that it didn’t as forming brass from one to the next is so easy to do. A very popular conversion was 8mm mausers to 8mm-06 with a simple re-chamber of german and axis surplus guns.

      Many considered the 8mm-06 to be superior to the 30-06 and the 8mm stock alike though it was mostly done because in the 50-60s 8mm guns were very common but not 8mm ammo.

      In the Spanish American war we got our asses handed to us in many battles with the 8mm out performing the 30-40 Krag though it was as much do to gun and bullet as cartridge.

      One can stay fully prone and fire a bolt gun but has to expose themselves a bit to run a lever gun. Also the Krag had a big heavy round bullet and the 8mm a lighter pointed one. This all led eventually to the 30-03 and that got modified to the 30-06.

      In fact there isn’t much difference in the 30-03 and 30-06 beyond the bullet, the cartridge is a bit different but that is academic when you look at form, shoulder angle, powder capacity, etc.

      So the question is did the US copy the 8mm design or did they simply look to improve the Krag and come to the same basic conclusion in case size etc?

    • Actually, the Spanish were using 7mm Mauser rifles in the Spanish-American War, and the 7mm Mauser is definitely a better round than the .30-40. In addition to having less recoil and a flatter trajectory, the 7mm Mauser was a rimless cartridge, whereas the .30-40 was a rimmed round. Rimless is much better for use in repeating rifle designs.

      I don’t know if the Mauser case was directly used as the start for the .30-03/06, but the 1903 Springfield rifle was enough of a copy of the Mauser 1898 that the US was sued for patent infringement and had to pay royalties to Mauser until WWI broke out.

  10. @Jack – In regards to your comments @ 39:00, I think you’ll find that John Adams, Alexander Hamilton & George Washington all believed in a strong federal government – hence the term Federalist. (Washington wasn’t a declared Federalist, but supported most of their positions.) You seem to be implying that ALL the Founding Father’s shared Thomas Jefferson’s & the Democrat’s point of view, which vehemently opposed the Federalist at almost every angle – particularly on their belief that, in addition to “written powers”, the Constitution provided “Implied Powers” to the Federal Government. What would that do to the Second Amendment?

    Ben Franklin? He dedicated his life to preserving loyalty to the Crown only until the British made the mistake of humiliating him in court. Out of the names you described, only Jefferson & Payne championed the sovereignty of the individual with complete abandon – and they were largely considered to be on the fringe for doing so. It’s a modern day myth, largely perpetrated by the Tea Party, that all the Founding Fathers held the Democrat’s “anti-government” point of view, as you describe. Read “John Adams” by David McCullough – I think you’ll find that Adam’s thoughts on the individual citizen vs. the federal government would have him lynched at a modern day Tea Party rally – and George Washington had his back at every step.

    • @Mike, no not really if you actually look at what Washington and Adams meant by “strong” the things the wanted to do are not equal to 5% of what our federal government claims power over today.

      The debates between the federalists and anti federalists are like debates between libertarians and constitutionalists of today compared to debate between democrats and republicans of today.

      As for Franklin and loyalty to the crown, all of these men supported that at a time. Again the Declaration was high treason, something I don’t think any of the founders took lightly. I doubt any of them as I said wanted to form a new government so it could be in the business of solving the problems of others.

      All these men were flawed, none are to be seen as some sort of demi god, that is for sure. However none of the men running this nation today in my view are even fit to shine the boots of the most flawed among them.

      College professors love to talk about how some founders wanted a strong central government, exactly what strong meant relative to today though, generally that isn’t very defensible.

  11. Wow. I respectfully disagree, Jack. Ever heard of John Adams’ “Alien and Sedition Acts”? As President, Adams made criticizing the government, Congress or President in speech or print a crime punishable by imprisonment! If that isn’t bad enough, he used the new law to imprison many of his political opponents!

    You might not like Barry O, but last time I checked, the First Amendment (& the 2nd, for that matter) is still intact. You must admit that by any measure, at any time in this country’s history, Adam’s Alien & Sedition Acts were an extreme abuse of the federal government’s power.

    • Thanks mike, for letting us little pep’s keep
      are 1st amendment and (as a matter) are 2nd… O … Wait.. The O is taking a run at the 2nd, mike can you help?

  12. @ Mike – the 1st is “still intact”? Maybe in it’s written form but imo when HR 347 was signed by PBO, ie the “Trespass Bill”, it was a major kick between the legs to freedom of speech. The right to petition for redress of grievances was fundamental in the Declaration. Under the Trespass Bill’s last language change, someone could end up in law enforcement custody for entering an area that they don’t realize is Secret Service protected and “engages in disorderly or disruptive conduct” or “impede[s] or disrupt[s] the orderly conduct of Government business or official functions.”
    If we can’t protest the actions/decisions of our elected representatives because doing so is liable to be a Federal felony, then an essential liberty has been curtailed.

    • Mike is not interested in present day facts, he loves the Big O that is his secret. LMAO.

      • You’re right, Jack. I’m not interested in HR 347, neither is anyone else – it passed the Senate 100-0 & the Tea Party House 399-3. You have to be wearing a tin foil hat to be worried about that bill.

        Too bad you can’t scrutinize the Founding Fathers as passionately as you do Obama. You’re silence on Adams is deafening. Many have rightfully suggested he was a fascist for the way he pissed on the Constitution for political gain. If Thomas Jefferson hadn’t defeated him & subsequently rendered the Federalist party obsolete, this country would look very different today. I’ve always considered Jefferson, NOT Washington, the TRUE father of this country.

        Here’s your boy, Bernie Sanders, fighting to recognize a Congressman from Vermont who criticized Adams in a Vermont Newspaper editorial & was subsequently jailed & fined $1000 under the Sedition Act:

        • Did you know Jefferson himself used the act before it expired? You are also a fool if you think I have any love for the GOP. The vote you point to is one example of why.

          Do you get that I can despise both parties? Seriously why do all Obamites think those that are opposed to their dear leader are on the other team?

          You pick between Coke and Pepsi if you want dude. Some of us know both are toxic corn sugar, bubbles and water.

  13. So now the Tea Party is complicit in this grand conspiracy to strip Americans of the Bill of Rights? Come on, man…

    Of course I know Jefferson used it. He gave the Federalists a little taste of their own medicine on their way out. I don’t have a problem with it.

    Your breadth of knowledge is vast, Jack – I’m in awe of it, really. It goes without saying that eventually, you’re bound to get a thing or two wrong from time to time. There’s no shame in saying, “Gee, I wasn’t aware of the unconstitutionality of the Alien & Sedition Acts or the push by the Federalists to increase the federal government’s powers to levels that are unthinkable today. I didn’t realize some of the founding fathers defecated on the Constitution in an effort to solidify their party’s hold on power. Maybe the political atmosphere during the time of the Revolution was just as diverse as it is today- in fact, maybe even more so. I guess I’ll have to dig a little deeper to choose which Founding Fathers I admire & which ones were fascist, big-government tyrants.”

    • Well you like Obama so I’d expect you to love fascists.

      Anyone with a brain knows the tea party was instantly coopted by the GOP.

  14. People on the other cars in the parking lot were wondering why I was clapping in my car. They werent hearing the list of companies who were cutting off sales to NY, Kalifornia, etc. Well done, sirs!!