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SA author Christian Magoon reckons Mitt Romney's choice of uber-conservative Paul Ryan as his VP...
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Monday, August 13, 2012, 7:59 AM ETSA author Christian Magoon reckons Mitt Romney's choice of uber-conservative Paul Ryan as his VP running mate will "beat up the dollar" in the short term and so help gold prices to rally. That's because the choice will prompt "a national debate in the Fall highlighting the poor fiscal state of the United States."
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The uber-conservative Ryan is such a puffball that he put together a budget that will balance in 2057 including all the usual increases in "social" spending that fall under the "austerity" label.
What we need is an ultra-uber far-right-wing partisan hack that can propose a balanced budget for next year--see if that won't send a ripple through the markets.
As a practical matter, the choice of Ryan puts him on the sidelines, as he mouths platitudes to avoid being attacked by the establishment media. It has little or no effect on the dollar.
The media is owned, lock stock and barrel by the liberals and the Democratic party.
Where is the GOP? Where is their rebuttals? Where are they period. I'm afraid for our future and it is getting more fearsome daily.
I have stood in the face of the enemy, [frontal assault] I have stood behind sand bags with bullets whizzing by. I have had flame tanks firing so close my face was red later. Believe me, I know fear. But the fear I feel in my stomach is different, it is not temporary during an 'action'. It is a growing cancer direct and caused by Washington, D.C.
We need to take ahold of our future, and stop sittin' back.
I am getting too many e mails about the impending disaster coming from and orchestrated by our Politicians. I hope it is nonsense, but I still am getting more worried every day.
Capt. Brian
The Lost Navigator
Capt. Brian
The Lost Navigator
Ryan wants to the prevent the USA from becoming the next EU which is where the economically-illiterate Obama plan is taking us.
Yes, that includes the NYT.
An entire generation or two has been bamboozled by the Extreme Supply Siders, aided considerably, of course, by the KochBots and their very successful effort to take over all comments streams pretty much anywhere in the Banana Empire.
When CNN became Supply-Side, it changed everything. And it happened so fast, most were not aware of it.
I believe they let Gold and Brent . . . and the Loonie and the rest of the Commodity Currencies . . . continue their nice little rally pre-Jackson Hole, in order to allow the general market to cooperate.
Geopolitical turmoil is one good excuse.
And Gold and Silver stocks almost always have a nice rally the end of August into early September. It may well be helped this year by some coming mega-M&A - i.e. involving index components - among the PM stocks.