SA author Christian Magoon reckons Mitt Romney's choice of uber-conservative Paul Ryan as his VP...

SA 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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Comments (10)
  • davidingeorgia
    , contributor
    Comments (2661) | Send Message
    Neither "uber" nor "conservative" appear anywhere in Mr. Magoon's article. Seems the uber-leftwing bias of some SA blurb writers is showing again.
    13 Aug 2012, 08:31 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6356) | Send Message
    I'm with david on this one. The choice by the Democrat party of the centrist, reach-across-the-aisle Obama as their 2008 presidential candidate was greeted as a masterstroke and a chance for the country to heal its divisions. Now we know Obama was marinated in communist ideology, is the most devisive president in our history and constantly plays the race card in order to divide and conquer--he's still a centrist.


    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.
    13 Aug 2012, 08:54 AM Reply Like
  • Brian Bobbitt
    , contributor
    Comments (2087) | Send Message
    I find it amazing, now Obama and his machine were primed and ready to disparage Ryan instantly after the announcement. Obama must be ready to attack ANY American who does not march to his drumbeat. I am deeply concerned and afraid.
    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
    13 Aug 2012, 08:34 AM Reply Like
  • SoldHigh
    , contributor
    Comments (991) | Send Message
    SA needs to fire these ultra-lefty editors and hire people without a bias to objectively report. Grow up, SA.


    Ryan wants to the prevent the USA from becoming the next EU which is where the economically-illiterate Obama plan is taking us.
    13 Aug 2012, 09:23 AM Reply Like
  • Venerability
    , contributor
    Comments (3043) | Send Message
    That's the funniest thing I've heard in a long time!
    13 Aug 2012, 10:39 AM Reply Like
  • Venerability
    , contributor
    Comments (3043) | Send Message
    Their are pretty much NO Keynesian editors or reporters left anywhere in the US or UK anymore - and far too few in Canada and Europe.


    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.
    13 Aug 2012, 10:50 AM Reply Like
  • osanbat9
    , contributor
    Comments (13) | Send Message
    Debating the sad state of our fiscal policy in "the Fall" is a bit late isn't it? It should have been done a long time ago. Having the first sitting president in history who has never signed a budget during his term should be evidence enough that we are heading for the crisis we are all so worried about. What is wrong with highlighting the obvious to the oblivious? "The Fall" is an appropriate term for the verbal wrangling we should have blasted from the headlines of the nations newspapers daily until it was resolved. Our written and televised news organizations should have stepped up where our politicians failed us, to alert the citizenry that their elected officials are failing us. Alas, they too are part of the liberal movement that is responsible for our sad state of affairs.
    13 Aug 2012, 09:42 AM Reply Like
  • Venerability
    , contributor
    Comments (3043) | Send Message
    Re Gold, Brent, and the Commodity Currencies the next couple of weeks: It would actually be very, very embarrassing for the GOP to have the Market do poorly in the immediate wake of the Ryan nomination.


    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.
    13 Aug 2012, 10:45 AM Reply Like
  • Hendershott
    , contributor
    Comments (1891) | Send Message
    Ryan's budget, a budget for a developing oligarchy.
    13 Aug 2012, 04:03 PM Reply Like
  • Momintn
    , contributor
    Comments (6116) | Send Message
    Did Romney receive campaign donations from foreign nationals in Israel and the UK?
    16 Aug 2012, 08:59 PM Reply Like
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