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Rousseau SC

Rousseau SC
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  • Is An Obama Victory Already Priced In? [View article]
    Tex,
    Your analysis qualifies you for a seat on "The View", or, rather, it would if they allowed dissenting voices.
    Nov 5 10:59 AM | 2 Likes Like |Link to Comment
  • Global Warming Will Push Gold Higher [View article]
    "US oil demand is down. but that is due more to low employment and a stagnant economy than it is on any gov policy."
    REALLY? I am afraid the stagnant economy is due to govt policy as implemented by the GSE's Freddie Mac, Fannie Mae and their co-conspirators in Washington and their co-conspirators, the TBTF banks.
    Nov 3 11:19 AM | 2 Likes Like |Link to Comment
  • Gold futures dropped more than $40/oz., in their fourth straight weekly loss, to settle at $1,675 after the nonfarm payrolls report. “With the uncertainty of the presidential election looming, gold needed a very bad employment number... to cause the Fed to ramp up its QE operations," Gold Newsletter's Brien Lundin says. Miners are lower too: ABX -2.7%, GG -4.5%, NEM -6.8%, AU -2%, AUY -4.6%[View news story]
    My mistake. "We" have not redefined acceptable. The investors are reading the jobs reports as acceptable to the FED, who don't give a rat's behind about the citizen, not to the public, These numbers cannot be acceptable to a sentient public.
    Nov 2 03:29 PM | Likes Like |Link to Comment
  • Gold futures dropped more than $40/oz., in their fourth straight weekly loss, to settle at $1,675 after the nonfarm payrolls report. “With the uncertainty of the presidential election looming, gold needed a very bad employment number... to cause the Fed to ramp up its QE operations," Gold Newsletter's Brien Lundin says. Miners are lower too: ABX -2.7%, GG -4.5%, NEM -6.8%, AU -2%, AUY -4.6%[View news story]
    If this is a "good" or even acceptable jobs report, in light of the urgency for real job growth, we have really redefined "good" and "acceptable". Far too many people are unemployed and underemployed and far too many have given up for this to be an acceptable report.
    Nov 2 03:17 PM | Likes Like |Link to Comment
  • Would America Be Bigger If Banks Were Smaller? [View article]
    Bobdurino,
    I do not presume to know whether the Lord blessed you with a modicum of intelligence or not. It is apprent, however, that you do not choose to use that with which you were blessed.
    Did you not consider my chosen psuedonym? Rousseau was the classic libertarian. However, in his time, he had only the threat of big govt to constest; as big business had yet to develop as a threat to individual liberty.
    I do not wish to be ruled by big govt or big business. Both are enemies of personal choice. Each take the position that they can choose winners and losers, promote or discourage individual lifestyle choices, regulate working hours and working conditions, restrict competition, require people to work and then take the fruit of their labor by force or otherwise; discount democracy by purchasing votes of the electorate or of the politicians, influence bureaucrats improperly, deceive and brainwash the citizenry by controlling or manipulating or limiting access to the flow of information.
    Big business properly properly has only business interests, and has no political ideas which require 1st amendment protection of free speech. The TBTF banks are, with Ucle Sam's assistance, icreasingly able to limit competition, choose what small or even other large businesses have access to credit, choose to open or close credit standards and the flow of money to both business and the citzenry, thereby choosing to support or to diminish real estate values, choose to support or attack various population groups or lifestyles. In essence, the TBTF banks are governing many aspects of our lives with no real accopuntability to the citizens of this world or even this nation. It is an attack on personal freedom of the citizen. It is not an attack on the sovereignty of the US govt. It is an attack on the sovereignty of the citizenry, which, if you are devoted to the principles of our forefathers, you will realize is far more improtant than the survival of the current govt. John Locke made ths perfectly clear. read what he wrote now tarnascribed in modern English in Article 1, section 1 of the SC Constitution, the original of which was written by Locke himself.
    Oct 30 09:25 AM | Likes Like |Link to Comment
  • Would America Be Bigger If Banks Were Smaller? [View article]
    The author makes some good observations. American citizens would be better off financially if the TBTF banks were broken up like Ma Bell was. However, the most compelling reason to break them up is not financial. We need to break up the TBTF banks to make American citizens more free.
    Oct 28 12:44 PM | 4 Likes Like |Link to Comment
  • As stocks run higher, analysts continue to get more bearish (charts here), notes Schaeffer's Ryan Detrick, believing this bodes well for a continuation of the bull market. Pretty fair contrarian indicators, analysts remained relatively bearish throughout the entire 2002-07 bull run. [View news story]
    I remember Nixon's price controls preceded the inflationary spiral of the Carter years. When govt tries to manipulate the economy, it seems to create a backlog of the normal economic foreces, resulting a dramatic changes once the govt intervention ceases.
    I fear that the longer the Fed invetvenes with its money printing, the more extreme the result of this fed manipulation will be. .
    Oct 9 01:55 PM | Likes Like |Link to Comment
  • Median Household Incomes: The Grim Reality [View article]
    AS John Locke wrote (in archaic English) when he penned the origihal Constituiton of the State of South Carolina, Article 1, Section 1, 'All political power belongs to the people, who have the right to change their form of government at any time." [Paraphrased since my memory is imperfect]
    The alernative, (implemented by Uncle Sam today) is Chariman Mao's famous quote, " All political power flows from the barrel of a gun."
    Oct 4 01:06 PM | 2 Likes Like |Link to Comment
  • Bill Gross Says Treasury Bonds Will 'Burn To Crisp', Gold To Thrive [View article]
    This is the same Bill Gross who said that the function of financial institutions is to implement governmental policy?
    My, how badly we need the Tea Party to succeed!!!!
    Oct 3 10:58 AM | 3 Likes Like |Link to Comment
  • Why I'm Not Afraid Of QE3 [View article]
    Would not food costs decrease if the govt opposed use of ethanol in gasoline?
    Sep 24 09:27 AM | Likes Like |Link to Comment
  • Why I'm Not Afraid Of QE3 [View article]
    Perhaps it would be useful if there were two CPI's to reflect the differring makeup of the consumer populace. One could include only what we call necessaries (for those in a survival mode) and the other to include electronics, dining out, etc. and other consumer discretionary items (for those at the upper end of the economic ladder). It looks like the necessaries have increased more in price than the discretionary expenditures, perhaps as a result of the recession, perhaps not.
    Sep 22 09:03 AM | Likes Like |Link to Comment
  • An outstanding set of charts (I, II, III) from Deutsche (h/t MicroFundy) tracks the S&P, CRB, and the dollar index before and after the Fed's (now 3) QE programs. If it's true - as the charts suggest - that the effect of the drug wears off with each successive application, stocks, commodities, and currencies may not have much more in gains ahead of them. [View news story]
    If B Obama is not re-eleccted, Mr. Ben will lose his job and history will not be kind to him. He is "all in" to prop up the market for the short-term.
    Sep 21 04:39 PM | Likes Like |Link to Comment
  • Why I'm Not Afraid Of QE3 [View article]
    I wonder how the prices are compared. I used to buy 1/2 gallon of ice cream, Now it is 1.5 quarts at a higher price. The 39 oz can of coffee is now 34.5 oz. I buy offbrands now as well, often at Dollar General, rather than the grocery store . Are the same brands used or is it a matter of the inflation rate looks lower because we are more frequently buying lesser products in smaller quantities? I don't know.
    Sep 21 10:02 AM | Likes Like |Link to Comment
  • Why I'm Not Afraid Of QE3 [View article]
    I stand corrected. Personal experience, however, has found that many of the items I listed have increased 50% or doubled in price or more in the last few years. I am not sure how it is weighted.
    Nonetheless, I do not understand why we would allow institutions to be too big to fail. Where is the indepndence of the American people in such an arrangment? Where is the fair competition that small businesses are alleged to enjoy?
    Sep 21 09:53 AM | Likes Like |Link to Comment
  • Mercedes Ben [View article]
    I respectfully submit my opinion.
    The solution to our economic problems has to start with dismantling the TBTF banks. If we are vulnerable to their failure, we are their captives. We must become independent to do what is best for this economy. Ma Bell was broken up and it turned out to be a good thing. The TBTF banks, allied with the FED and with the politicos in their pocket, are too powerful and restrict competition, creating a de facto virtual monopoly on financial services and a stranglehold on determination of which businesses succeed and which businesses fail, which people can borrow money and for what purposes, which stranglehold must be destroyed for this nation to recover.
    Sep 14 10:17 AM | Likes Like |Link to Comment
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284 Comments
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