No Problem, Rick. Maybe We Could Store It In The Alamo
I’m outta town but I could not let the night pass without telling you that Rick Perry is staring in his own Doomsday Prepper series.
There is one billion dollars in gold bars stored with the Federal Reserve that belongs to the University of Texas Investment Management Co. Rick Perry thinks it’s his. So, he wants to move it to Texas and rub the gold bars over his nakkid body. Okay, I just grossed myself out.
“We don’t want just the certificates. We want our gold. And if you’re the state of Texas, you should be able to get your gold.”
Look, if you wouldn’t trust Rick Perry with one billion dollars in gold bars … then come on over to the beauty salon and hoot laughing with the rest of us.
Wonder if Ricky is simply bored with his job, so therefore looking for pots to stir, or if he’s got a scam figured out…..It’s obvious as an arse on a goat that he doesn’t run the State Government, and only shows up at the Legislature for photo ops. What an idiot.
1He probably wants to steal it but about 20 tons of gold might slow down his getaway.
2I know that the job of Governor of Texas doesn’t exactly require any heavy lifting. Maybe he is just looking for something to do. Or, give his would-be Presidential campaign contributors some vigorish from the tax-payers.
3So this gold is owned by an investment company. The purpose of an investment company is to manage the assets of its stakeholders profitably and safely, which means that at any point it may make sense to sell gold and purchase something else that produces a better return. You don’t improve the liquidity of an asset like gold by hoarding it and burying it your damn backyard. In other words, Perry, the stakeholders of the UT Investment Management Co. have ample reason to consider you an ignorant, incompetent jackass when it comes around to screwing around with their money. And you wanted to oversee the finances of the whole country? You’d go bankrupt trying to run a 10-year-old’s paper route.
4I don’t understand. Texas has $1 billion in gold and still had to fire 100,000 (or whatever the number was) teachers?
5What is this money for? And what is the UTIMC?
I’m really bumfoozled. And I hope beyond hope that someone says “no” to sending it out here.
Sheesh.
did he just get around to watching “The Italian Job”? he didn’t go out and buy a Mini, did he? Small-mined people think that kinda stuff is plausible.
6Maybe he wants to mint all that gold into coins, so he can swim in them ala Scrooge McDuck?
7I think trixicopper has the right idea about the gold. Jan, I don’t understand either except I betcha any pile of gold with a name starting with UT is supposed to help pay the bills at the University of Texas. Just a wild guess.
8When I was a kid growing up in the Permian Basin my dad worked for one of the major oil companies. I used to ride around with him as he tended to the oil wells–each of which had a sign on the gate stating “University of Texas # –.” There were thousands of them, each producing royalty payments to UT. I guess it all got trans-substantiated into gold bars. Poor Rick; I am sure he is just quivering with desire. All that gold that belongs to Texas.
9So what is the University of Texas Investment Management Co.? It’s essentially the endowment funds of UT and Texas A&M, and it has a highly professional and experienced financial management and directors with strong investment backgrounds.
http://www.utimco.org/scripts/internet/index.asp
About the politest thing these folks can do is let motormouth Perry run out of air, pat him on the head and send him back to play in his intellectual sandbox.
10Hello Gov Goodhair! Anything privately owned is not contraband for the state of Texas!!
11You better start lookin for a Real job!!
Should have mentioned: UTIMCO also invests the two school’s operating funds. Total assets approach $30 billion, with the endowments about triple the size of the operating funds. Gold holdings amount to just a few percentage points of the entire portfolio. Given Perry’s malfeasance with other funds, you Texans never want him within miles of UTIMCO.
12That gold should be turned over to the Kip Fund so that it can be used to further develop the Stargate. So, I travel to the Asgard home world.
13I never want Perry within miles of ANY public funds. Look what he’s done with the ones he has gotten his mitts on.
14The problem is that when Perry manages to get close to public funds they somehow end up being private funds–his and his cronies’.
15“Maybe we can store it in the Alamo” HaHa…PeeWee Perry thinks there’s a basement in the Alamo…HaHa.
16The trip I’d like Mr Damn Governot Goodhair Perry (and his distant friend Dick %&&^ Cheney, too!) is a short one.
Six feet. Under. That would get Goodhair out of OUR hair permanently!
17Apparently a number of Texas Rethugs really do want to secede and are clamoring to stockpile gold there so that Texas can print its own currency when this happens. Trouble is, they don’t much care who owns the gold just so it ends up under the control of… you guessed it, Guv. Goofus.
1820 pounds of bs in a 10 pound bag.
19With all the various schemes that Perry has come up with to reward all his cronies, with taxpayer money, in one form or another……. haven’t we already given him about $1 Billion.
I kept trying to find the numbers this morning to add it all up, (I know I’ve seen them lately, but lost them), but with the cancer research thing, the enterprise thing, and a few other things….. I think it might all add up to close enough for government work, to about a billion.
And since nobody knows what happened to the first about a billion or so…… why would anybody give him another one? I feel a lot better that he just has “the certificates”. I feel pretty sure the University of Texas does also.
20@miemaw it is too late. Texas used to be a beautiful place to carve out an existence. All I see now is poverty and crime. I work in downtown San Antonio, and it is a hells scape. The last two years are horrible. The homeless shelter is now a city (haven for hope) come see it it is desperate. It is everywhere, wanna see desperation? Come here.
21@petermerkinjr: I just did a google on the Cancer Research Institute thing….. We gave him $3 Billion…… with a “B” for that alone. (We all voted for that…. who wouldn’t vote for cancer research)? How much more can he fritter away?
When people are locked into minimum wage jobs…. there is going to be a lot of poverty. The money isn’t enough to live on. Minimum wage jobs are what we have in abundance, here in Texas. It’s still a beautiful place. I just refuse to let some people ….. of a certain political pursuasion….. ruin that. Be well.
I don’t need to go to San Antonio, much as I would love to visit your beautiful city…. I see the same thing here.
22Texas Enterprise Fund. $295 million.
Keep Perry away from any more money he can throw away.
23Every time money moves, somebody gets a per cent.
Perry doesn’t have to steal the money, all he has to do is move it. A lot.
24He’s already running for president?
25Of the country of Texas?
Not only does he think he can have all that gold, but he can get all those nice, not so smart people to send him lots of money to run for president.
Win/win for perry, lose/lose for Texas.
Perry speaks; I puke. That’s the nicest thing I can say because Mama may be here.
26Um… how can Perry support the idea of Texas secession FROM and want to run for President OF the United Damn States of America at the the same time? Oh, wait. It’s Perry. Never mind.
27It’s his backup plan.
28So Texas’ second most infamous goldbrick wants to flip us all a ‘goldfinger’ on his way outta DodgeontheColorado, while his cronies await yet another sweet deal?
Hey pRick, __l__ , stuff it…
He’s pandering to his ‘bagger buddies, who still wetdream of secession, nObamagawdlesscommiesoshulistmooslim ‘n’all you see. The lowenders have spent all their gold on morgunznammo, the highenders hope for a few flakes to grift their way.
29Trickle-down goldbugs all. It might be yellow, but it won’t be gold, fools.
That gold belongs to Perry the way those deposits in Cyprus belong to the Euro Central Bank.
30Probably plans on spending that gold on “cancer research”.
31The gold will need some sort of depository and guards, etc. In another story on the matter, there was this quote “To lower costs, he expects to change the language to allow the private sector to handle some of the administrative expenses of building and running the depository.” So, lots of expensive make work to channel to their cronies. And there’s NO CHANCE that any of those private companies will lose track of any of that gold. Look at how well the cancer research went, right?
http://www.star-telegram.com/2013/03/21/4721036/tarrant-lawmaker-seeks-to-create.html#storylink=cpy
32Maybe Bob Perry and David Weekley can be in charge of building the “suppository” to hold the gold.
33Yes, they’ll store it in the Alamo’s basement. I know this because it was mentioned in a movie so it must be true.
(Waiting to see another news story about Perry wanting to take direct control of UTIMC)
34Back in the day, I graduated from UT Law School with $13,500 of student loan debt, and that covered my tuition, books and living costs… I did work as much as I could and not flunk out.
Because my debt was so low, I could actually afford to go to work for the State of Texas, with its pitiful pay for minions.
Now, the cost of ONE year’s expenses at UT Law School is estimated by the Financial Aid Department at in excess of $53,000. I MEAN IT, THAT MUCH A YEAR! How many of those graduates could EVER afford to go into public service??
I worked for and on behalf of the Texas Higher Education Coordinating Board for many years after, and the whole time, the agency was struggling to maintain UT’s and A&M’s Texas Constitutional, (and therefore God-Given) income from the mineral rights that had been granted by the Texas Lege so long ago.
Now it would appear that oil has turned into gold, and Perry wants it… I am a loss of words for how contemptible he is.
35