Category Archives: Finance


Mysterious Disappearance of Charles T. Sprading Solved

Mysterious Disappearance of Charles T. Sprading Solved

“I am the last living person to have seen him alive in the late 1950s”


Charles T. Sprading was one of the greatest intellectuals of the 20th Century. He was a man who championed liberty and fought tyranny all of his life. He vanished around 1959, and many people over the years wondered what happened to him.

My dad was a great friend of Mr. Sprading. Although my father was a technical writer, he was very interested in many other subjects, one of which was rationalism, or free-thought as it is sometimes called. When I was a kid I spent most Saturdays riding around in our old car, visiting dad’s friends. Most of them were quite elderly. Two of the rationalists I remember were Sadie Cook and Charles T. Sprading. I was taught from a young age to listen, not speak. “Children should be seen and not heard,” was the refrain I remember hearing on a weekly basis. These visits to Cook, Sprading, and others opened my eyes to things in philosophy and history at a very early age. Listening to elders talk was serious in my family, so I grew up respecting the views of those who were in very advanced years.

I believe Sadie Cook was the secretary for one of the rationalist societies, and her small house was packed with papers, correspondence, books and magazines. I heard about atheism on Saturdays, then on Sunday it was off to church, for my mother’s side of the family was somewhat religious. I used to ask my dad why I had to go to church if there was no God, and he would answer that I would go to church until I was 18, and then make up my own mind about God. He never said God did not exist, I just picked up that from his discussions with Sadie Cook and others.

Mr. Sprading was a delight to visit, he was a wonderful man, an advanced age, very thin and fragile. He was living in a ramshackle garage in East Los Angeles, I believe it was behind a house on Folsom St., off Brooklyn, in the older section of the city. His living quarters were very sparse, a cot, a sink, some crates and old shelves that contained his remaining books and papers. Looking back, it is more than sad, it is a national disgrace that one of America’s finest intellectuals, a world-respected author and speaker, would end up in such poverty. During our visits, he never complained. He was always cheerful, speaking of many earth shaking historical events. His time was the time of great radicalism. His contemporaries were anarchists, rationalists, syndicalists, libertarians, the great union organizers, and especially Eamon de Valera, the great fighter for Irish Freedom. Sprading was a close associate of de Valera, and worked in the cause for Irish Freedom for many years, as an organizer, speaker, advance man, publicist, and writer.

I would sit in an old shaky wooden chair and listen wide-eyed to Sprading telling about Emma Goldman, revolutionaries, the great strikes, the libertarian campaigns against the religious “blue laws”, and other fantastic events. Most of the libertarian fights in the 1930s seemed to be against the “blue laws”, which among other things forbade retail stores to be open on Sundays. It is hard to believe now, in this time, that such laws existed 80 years ago. Mr. Sprading could go on for a couple of hours, his photographic memory for people and dates were very clear, he would never stumble over a date or a name. After about 2 hours, he would tire, and we would depart so he could rest.

My dad passed on at an early age in 1956. After a time, my mother would take me on a Saturday and we would make the long trip from Hollywood to East Los Angeles on street cars and buses to see Mr. Sprading. My mom didn’t drive, and when father died she sold the car, so we had to take public transportation. Believe it or not, it wasn’t bad back then, because we had the wonderful street car system, soon to be trashed by a conspiracy of GM, Firestone Tires, and Standard Oil. One fateful day we went out to see Mr. Sprading, but he wasn’t there. The landlady who lived in the front house said that he had died. We asked about his books and papers, and she informed us that she had “thrown away all those old papers and books, who would want them?” Even as a young man of 15 at that time, I knew those “old papers” were very valuable. I wanted to scream at this ignorant woman, but years of family training to be polite took hold. My mother was visibly upset, but she kept her cool. On the way home we discussed what a tragedy it was that the stupid woman threw away such rare photos, papers, and books in the trash. My mother knew that material should have gone to a library somewhere. And so it was that one of the giants of the 20th century died quietly in his sleep, living in a dilapidated old garage in the run down section of Los Angeles. His books still exist in libraries, and if someone could track down old copies of The Truth Seeker magazine published by Charles Smith, or other rationalist, libertarian, or freedom magazines, you will find some interesting articles by Charles T. Sprading. Since I was only 15 at the time (1959), and since I never heard of any other “youngsters” who visited him, I am pretty sure that I am the last person presently alive who saw the great Charles T. Sprading.

Lockheed Name Change Makes No Sense

Why Does LFCU Want To Become More Like A Bank?

Lockheed Federal Credit Union (LFCU) wants to change its name to Logix.  We think Logix is a cool name, but it is a techie, computer type of name, not a name for a credit union.  What is really strange is that LFCU already has a great name: “Lockheed”.  What could be better than that?  It’s a name that has been around since the 1920’s (although the company goes back to 1912).  “Lockheed” is a strong-sounding name, a power name, a name that reflects the company history of building fighting aircraft, planes that had a big part in the U.S. victory in World War II.  It’s a name that projects power, security, and integrity.  As a name for a credit union, it doesn’t get any better than that.

The other thing that seems to be happening, along with the change in name to “Logix”, is a drift to make LFCU seem more like a bank and less like a credit union.  Although they say they are going to remain a credit union, the new tag line on their new name is “smarter banking”.  In other words, their image is morphing a bit, a name (Logix) that is a nebulous techie-type name that suggests a company making electronic parts, and a tag line with the words “smarter banking”.  They are entering the grey area of imagery and leaving behind the strong, powerful name with 80 years of history and strong imagery in print, movies, news, aircraft production, and solid reality. 

Lockheed Federal Credit Union’s web site acknowledges that credit unions are under attack by big banks.  Here’s what they say:


Banks want to eliminate credit union competition

We need your support to fight the banking industry’s relentless attacks on America’s credit unions. The attacks are serious – the American Bankers Association has ranked taxing credit unions as its number-one priority – ahead of combating terrorism!”

LFCU understands completely the threat the big banks are posing.  So then why in the world are they abandoning their great, strong name and drifting toward the banking imagery?  The clock is ticking, the big name change is coming on July 9th.  That’s when the high stakes game begins, with a lot of money being spent on this name and image changeover. With 3 billion in assets, this is indeed a big play for Lockheed.  Will this send LFCU on a road to greater benefits for its members, or as some fear, will it send it drifting over a financial cliff?


“Obama Dollar” Now Worth $50!

“Obama Dollar” Hits Record of $50!

"Obama Dollar" is now worth $50 - Read this post to find out why.

How could it be?  Those gag gifts (pun) for fiat money lovers, those worthless Obama joke “dollars”, how in the world could one of those be worth fifty bucks?  Look closely at the photo, folks.  See the writing in the space next to Obama’s portrait?  It’s the signature of Max Keiser.  I got him to sign the Obama-scrunge bill as a joke, and I’m pleased to tell you, one and all, that I have been offered $50 for it!  Maybe Max should print some of these up with his picture on the front, or better yet, put Stacey Herbert ‘s pix up there.  I would like to have one of these Obama dollars signed by Obama, Bernanke, and Geitner.  I’ll bet it would bring at least $200.  The Three Musketeers of Financial Doom.

Uncle Paulie

Lockheed a bank or a credit union?

This morning while en-route to Pasadena with my friend Mike, we had a rather curious experience with the local credit union.


My friend Mike sometimes follows the news about credit unions and co-ops, having been involved in starting a co-op several years ago. He has always had an interest in cooperative organizations.


After Mike’s return from a short meeting with a representative, he showed me a nice glossy advertisement regarding Lockheed’s name change from Lockheed Federal Credit Union to Logix, with the new website to refer to them as Logix Smarter Banking. Seems they are dropping all references to their being a credit union, so as not to confuse people and gain more customers …. Well I’m certainly confused. I suspect most people will now think they’re a bank, they will say “no we’re still a credit union”. People will ask, “then why are you dropping all references to you’re being a credit union”. They will reply, “so you’re not confused”. I guess I need an MBA to understand this one.


I mean really! You’re a credit union, but don’t want to advertise as one? Leading people to assume you’re a bank and offer the same old things that we’ve all come to know and love, like fees for everything, how about out of order processing in order to get overdraft fees. Maybe you should ask for a government bailout, that would be memorable.


We’re a credit union, but don’t tell anyone, we want your business, we’re smarter.

Floyd Pink

Lockheed Name Change Is Confusing

Lockheed Name Change Is Confusing

Lockheed Federal Credit Union is changing their name to Logix.  Check out this video cartoon about this:

So what brought all this on?  Lockheed Federal Credit Union decided to change their name to Logix.  Cool name.  Unfortunately, if you go on the internet, someone else is using, some communications company.  The new Lockheed flyer they are putting out does not have a new website name, nor do they have the old web name on the flyer, which, by the way is  They also announced on their old web site that the name change is dropping the tag “credit union”, even though they say they are still going to be a credit union.  Huh?  Are you confused yet?  Also on the flyer is the new name with another tag line, Logix smarter banking.  If you go to it takes you to a “who is” page, showing that some un-named person or entity already owns this name.  Could Lockheed own this name, kind of a pre-launch secret because the new website isn’t done yet?  Maybe, but we thought they were not going to be a “bank” , they are still a credit union but just not using the name. 

Then there’s the matter of the Trademark.  They didn’t file for a trademark, Logix Credit Union  Maybe they forgot this, or possibly because the name was already filed a few years ago by a school district credit union in Indiana.  But hey, good news here, the school district has abandoned the name by not responding to official paperwork, so the trademark is still available, if Lockheed decides to use the forbidden words “credit union”.

Are you as confused as Knuclehead in the cartoon?  We are too.  But there’s more.  The names “” and “” appear to be owned by pro-credit union folks.  Good news for Lockheed if they can somehow straighten out this spaghetti mess and get their act together.

New Book Recommends Credit Union

A new book, written chapter by chapter and posted in recommends folks pull their money out of the big banks and put it in Credit Unions. The book is called “Gypsies of the New Millennium” and is being serialized on the, a website that is dedicated to people who are forced to live in their vehicles or RVs. More and more people and families are being foreclosed and have nowhere to live, creating a huge “underclass” who have been slammed by the criminal antics of the big banks. Credit Unions, on the other hand, are much safer and controlled by the local community. Very few of them got suckered in the Derivatives game

The book is here:

Boozing Bankers and Burning Banks

Boozing Bankers, Burning Banks and a Bombastic Bard in a 2-Day

Battle in Los Angeles.


Sinister bankers startled as China warns: “the wages of sin is Death.”


by Robert S. Newport, Jr


It began on Thursday, May 10th, a hot summer-like day in Los Angeles. An army of arrogant elites descended on the City, headed for a big money blowout in the Valley side of the Hollywood Hills. The elegant stars of Hollywood, the financiers, and the spin-doctors all rubbed elbows in a $40,000 a plate orgy. The big man himself came into town with an enormous entourage, heading up the canyons where he would collect his tribute, a rumored $15 million dollar treasure, a partial reward both for services rendered and services to be rendered in the future. Ah yes, life was good that day for the elites and plutocrats in the cool hillside canyons. But down below, on the hot baking floor of the San Fernando Valley, things weren’t so nice.


A large chunk of the San Fernando Valley, as well as the pleasant canyons connecting the Valley with Beverly Hills were sealed off by thousands of police. The hot 5pm drive-time became gridlock. As the heat of the day simmered up from the asphalt, hundreds of thousands of motorists became stuck. People couldn’t get home, couldn’t get to work, every major street in the area sealed off tight. Even the buses were re-routed, without any notice, stranding thousands waiting at the bus stops in a no-man’s land inside the perimeter. The freeways jammed up and died. The peasants suffered while the elites of the city and their federal masters partied their brains out up the hill. The question of the day became, once again: What was Obama thinking? He’s done this to us at least twice before, an imperial visit that shuts down a large part of the City, creating gridlock and discomfiture for hundreds of thousands of potential voters. Does he ever think about the suffering citizens on the steaming streets choking on clouds of stagnant fumes when he cruises into town? Hey, the oil companies won’t complain. How many millions more do they make when half the city’s motorists are sitting in gridlock with their engines running, going nowhere? Maybe he’s totally oblivious to it, after all, he’s not here as a tourist, he’s coming to pick up a pile of dough that the elites have ready for him. And the trip, the police, the security, the entourage, everything is payed for by the very serfs who are down below stuck in the mess.


But the story doesn’t end there. As night fell and the politicos headed back to Washington with their loot, they were totally unaware what the next dawn would bring. The wind from the Western Pacific was coming, a hurricane of hell was on the way. And from the East, from Paris, a bombastic bard was on an airplane heading for L.A. with a message of doom to deliver to the the cabal of bankers who are now ruling the Western World. The two forces would meet Friday night, May 11, in Los Angeles, and open a vortex over the City, unleashing a new kind of warfare. Call it a war of magic, a psychological war of words and images, a new psychic war of avatars to be fought in cyber-space; call it what you will, it began the next night at the most unlikely spot you could ever imagine.


In a small alley way in the middle of L.A.’s Chinatown sits a very plain storefront, now converted to an Art Gallery. The Charlie James Gallery is run by an anglo guy who looks like he was a linebacker with the Philadelphia Eagles. He must have searched L.A. for a hundred years to find this spot, conspicuous because it’s an art gallery jammed between Chinese restaurants and tourist shops, but on the other hand a place that’s totally hidden from the world it represents, and from the patrons you would assume to be called its potential customers. It was here, in this hidden spot in Chinatown, the one place in the City that could be juxtaposed with the lavish Italian-style Hollywood Hills Mansion where the events of the proceeding day took place. At 8pm the twisting vortex began to open. A flash mob of mainly angry anglos descended into the narrow Chinatown alley. Waiting for them, with the doors open, was Alex Schaefer, a local artist, with the gallery walls loaded with bundles of artistic dynamite: vivid colorful paintings of Goldman Sachs party girls and boozing bankers on one side of the gallery wall, facing an array of startling bright paintings of burning banks on the opposite side of the premises. The flash mob was stunned. Schaefer’s paintings were a public reflection of their darkest secret thoughts. To the millions of Americans who have lost their homes in the foreclosure crises, the millions robbed of their life savings, the seniors eating cat-food, the homeless in camps a few blocks south of Chinatown, these were the images of their secret id, they all dreamt at one time or another of burning down the hated banks, and now here it was, in their face, the dancing red and yellow flames standing out against a whitewashed wall.


The banks weren’t really burning, of course, and nobody around was recommending it. What was launched that night was a new kind of war on the banks, a psychotronic war, fought with mind-control methods. You don’t really burn them down, you show the images of them burning down. The result in the mass consciousness of the population is the same: we see them burning down in our mental imagery, therefore they are now a heap of ashes and they are gone. Put your money somewhere else, otherwise your paper dollars will be worthless ash mixed into the flaming furnace. But the mob was not just in Chinatown to look at pictures of burning banks, they were waiting for the arrival of a financial guru from Europe, an American ex-patriot, a former Wall Street insider, a bombastic bard bringing a burning message of doom from China via Paris. They didn’t have long to wait.


Max Keiser burst into the packed Gallery room like a tornado touching down in Wichita. The mob screamed and cheered, clapped and hooted. Here was their man, a guy who could give them answers. A guy who had been to Wall Street. Someone who has been in the trenches with the very banksters he is now fighting in a holy war to save what’s left of the financial system. No entourage here, just Max and his beautiful, brilliant partner Stacy Herbert. That was it. And no chairs for anyone, no frills in Chinatown, baby, you stand and you listen up. The mob had cameras and tape recorders and they got their fill. The big bombshell was first. It was a message from China, being delivered by an American from Paris to a mob in an alley in Chinatown. The Chinese government was done with the corruption of these tapeworm bankers lodged in the guts of the world’s population. They are making a statement, and setting an example, the first of many. The unlucky first victim is a woman banker, a vicious bilker of 50 some odd millions she stole from the Chinese people. Her punishment is death. No messing around, no crooked judges, no slick defense lawyers, no years of dragged on court proceedings. The Chinese death van is on the way, and when it arrives, she will be dragged in screaming. Death will be quick, and some rumors are that her organs will shortly thereafter be available for purchase.


The mob let out a gasp and was temporarily silent, but then cheered and hooted. They knew the meaning of this missive. It’s like the old crime movies you watched on tv. The mafia boss calls in some guy who’s refusing to pay his gambling debts. He sits the guy down, and while he is talking to him he is petting his cute little pet dog, the one thing in the world that he loves and cares about more than anything else. When he is finished talking he hands the little doggie to his henchman Big Guido, gives a nod, and Guido quickly snaps the doggie’s neck, killing it instantly. He looks at the gambler, it’s that look, you know, I just killed the one thing in the world I loved the most, now what do you think I’m going to do to you?


The message from China is clear: this is what happens to thieves, to parasitic bankers. You cheat us, you cheat the people, and we Chinese will kill you. Who knows what is going on behind the secret locked chambers of the Chinese government’s judicial system. Are they getting ready to issue arrest warrants for the Goldman Sachs scumbags who have been flooding the world with trillions of dollars of worthless derivatives? Things are getting ominous. The Europeans are fighting in the streets, the populations of several countries now in full battle for their survival against their appointed Goldman Sachs rulers. The Euro elites, the Bilderbergers and their boys want to re-establish a kind of modern feudalism. Forget about the “isms” of the past: communism, fascism, democracy. The new buzzword among the plutocrats is “feudalism”, the end of the middle class and the creation of a monster banking state, the Austerity State, with only two classes, the few elite rich and the poor serfs, all ruled by appointed and anointed bankers. Max Keiser brought this message to the mob in Chinatown. Wake up, folks, what’s happening in Europe will soon be exported to America. The United States of Austerity is on the way.


Keiser held the mob in the palm of his hand for almost 2 hours. He screeched, he screamed, he told jokes, he threatened, he hurled worthless “Obama Dollars” at them. His message bursts out of his gut, a raw shrill at times, electrifying the mob. Buy Gold. Buy Silver. Chase and the other banks are on the rocks. Their shorting of precious metals will doom them. The big Central Banks are now also starting to buy gold and silver. The big move is coming soon. The end of these parasites is coming, a monster financial collapse. If you own gold and silver, you will survive the crash. Chase just announced a 2 billion dollar loss on derivative trades. Some say it might be 18 billion! These staggering losses cannot go on forever. The prospect of a wild inflation because of the trillions of dollars of fiat money the Federal Reserve is printing is a fear gnawing into the brains of the poor and middle class. They already feel it, the price of gas going up, food going up, unemployment going up, taxes, fees and fines exploding, and even apartment rents on the way up because the dispossessed former home owners still have to live somewhere. It’s the big squeeze, and it will be followed by the big collapse. That’s the message heard from Max in Chinatown on the night of May 11th.


Oh, and one more thing. Gutsy guys like Alex Jones and Jesse Ventura have said they will stay and fight. Not me, says Keiser. I moved to Paris and I’m staying there. Forget about this place, there’s a big storm coming.