Barry Sotoero

Obama: Rush to Judgment

The greatest investor of all time Warren Buffet thinks Obama's policies are bad for the economoy. He likes the guy just not the policies. I think he is smarter than everyone on this site so start listening to the oracle and not your political beliefs. Might I add Cramer said it was the greatest destruction of wealth ever. He is a flaming Liberal as well!
How can government grow without taxes increasing?

Dollar Shines in a Depression, While China Buys Metals

When or if China recovers before the US, The currency of choice will be the yen. The dollar will begin to fall once. Gold has been moving upward even though the dollar has risen. When the dollar starts to fall then gold will rise fast.

Presidential Starts: 1900-2009

Buy bullets not stock

Presidential Starts: 1900-2009

Buy bullets not stock. That is the currency to own

Nationalization, By Any Other Name

Conservatism
Conservatives believe in the importance of social order. This is reflected in a respect for tradition, an emphasis on the importance of religion, and a stress on the importance of inequality - such as inequalities of class or caste - as the basis for structured social relationships. Welfare is a secondary issue, but the kinds of concerns which conservatives have are likely to impose restraints on welfare, with a particular emphasis on traditional values in work, the family, and nationhood. Welfare does raise concern where it is seen to have implications for public order - one British conservative commented, in commending the Beveridge report, that "if you do not give the people social reform they are going to give you revolution."

Christian democratic thought is closely related to conservatism, but it also has important distinguishing features. Like conservatives, Christian Democrats place a strong emphasis on order; but order is to be achieved, not primarily through state action, but by moral restraints. These moral restraints have principally in Europe reflected the influence of the Catholic religion. Catholic social teaching has emphasised both the limits of the state and the responsibility of people in families and communities for each other; christian democrats tend, then, to favour limitations in the role of the state while at the same time accepting moral responsibility for social welfare.

Liberal individualism
Liberalism begins from the premise that everyone is an individual, and that individuals have rights. As a political position, liberalism has been important as a means of defending people from abuse by authority. Although liberalism was initially a radical doctrine, it has also been used since the 19th century to stand for a defence of propertied interests.

The central value of liberalism is freedom. All freedoms are not equally important; the main liberal values are concerned with certain particularly important freedoms, such as freedom of assembly, of speech, and of worship.

Liberals mistrust the state and argue that society is likely to regulate itself if state interference is removed. Hayek argues that all state activity, whatever its intentions, is liable to undermine the freedom of the individual; that society is too complex to be tampered with; and that the activities of the free market, which is nothing more than the sum total of activities of many individuals, constitute the best protection of the rights of each individual.

Fascism


A rally of British fascists in 1939.
(c) Hulton-Getty collection.
`

Fascism is often represented in the academic literature as a pseudo-ideology, lacking any coherence or system of thought. This was a political position taken post-war in an attempt to deny the romantic and emotional appeal of fascist thought. Fascist ideology is based in an authoritarian collectivism. The individual is meaningless; the collectivity (the state, the nation or the race) is paramount. Fascism has been characterised by a strong social agenda; in Nazi Germany, the desire to foster racial supremacy included extensive state intervention in society and the economy, with a stress on socialisation (both through schooling and youth movements) and eugenic policies.

Where are we headed?

Stimulus Bill's Winners and Losers

Conservatism
Conservatives believe in the importance of social order. This is reflected in a respect for tradition, an emphasis on the importance of religion, and a stress on the importance of inequality - such as inequalities of class or caste - as the basis for structured social relationships. Welfare is a secondary issue, but the kinds of concerns which conservatives have are likely to impose restraints on welfare, with a particular emphasis on traditional values in work, the family, and nationhood. Welfare does raise concern where it is seen to have implications for public order - one British conservative commented, in commending the Beveridge report, that "if you do not give the people social reform they are going to give you revolution."

Christian democratic thought is closely related to conservatism, but it also has important distinguishing features. Like conservatives, Christian Democrats place a strong emphasis on order; but order is to be achieved, not primarily through state action, but by moral restraints. These moral restraints have principally in Europe reflected the influence of the Catholic religion. Catholic social teaching has emphasised both the limits of the state and the responsibility of people in families and communities for each other; christian democrats tend, then, to favour limitations in the role of the state while at the same time accepting moral responsibility for social welfare.

Liberal individualism
Liberalism begins from the premise that everyone is an individual, and that individuals have rights. As a political position, liberalism has been important as a means of defending people from abuse by authority. Although liberalism was initially a radical doctrine, it has also been used since the 19th century to stand for a defence of propertied interests.

The central value of liberalism is freedom. All freedoms are not equally important; the main liberal values are concerned with certain particularly important freedoms, such as freedom of assembly, of speech, and of worship.

Liberals mistrust the state and argue that society is likely to regulate itself if state interference is removed. Hayek argues that all state activity, whatever its intentions, is liable to undermine the freedom of the individual; that society is too complex to be tampered with; and that the activities of the free market, which is nothing more than the sum total of activities of many individuals, constitute the best protection of the rights of each individual.

Fascism


A rally of British fascists in 1939.
(c) Hulton-Getty collection.
`

Fascism is often represented in the academic literature as a pseudo-ideology, lacking any coherence or system of thought. This was a political position taken post-war in an attempt to deny the romantic and emotional appeal of fascist thought. Fascist ideology is based in an authoritarian collectivism. The individual is meaningless; the collectivity (the state, the nation or the race) is paramount. Fascism has been characterised by a strong social agenda; in Nazi Germany, the desire to foster racial supremacy included extensive state intervention in society and the economy, with a stress on socialisation (both through schooling and youth movements) and eugenic policies.

Where are we headed?

What Will Be the Impact of Obama's Stimulus Plan?

Wakeup
You really hit the nail on the head! I could not have said it better myself.

America is changing quickly to a large socialistic government through the new administration. The new administration is taking over as much private industry as it can. What we really need is less government. The amount of money that is going to be spent in this stimulus is incredible and almost none of it is going to the recreation of new jobs or tax cuts. Most will not even be spent until 2010 and 2012. It is nothing more than a pork stimulus (I call it). If you remember back to last year when the TARP was being negotiated, Nancy P. did not want to allow it to go through without adding pork money for her state. ( bridges , schools welfare etc..) Bush insisted the money be spent on bank bailouts only. Well to make a long story short, now that the House and Senate are controlled by the Dem. party well it is "pay back time". If you check out this stimulus plan it is nothing more than a pay back to Democrats in exchange for the TARP money being passed last year. If stimulus plans work than why are we doing another stimulus anyway. Give tax cuts to corporations and individuals and we will see the economy react through new jobs and self preservation.

The new administration is trying as hard as they can to put fear into everyones hearts and make us believe that the government is the only one who can save us from this mess, in order to push big spending bills. The current economy is not even close to how bad the great depression or in the 70"s. I think everyone needs to take the History of the US over again.
Government is to blame for this whole problem anyway. Regulation was lifted on mortgages to allow for NO Doc loans so people who could not afford mortgages would be allowed to obtain one without scrutiny of their income, which was done during the Clinton era. (Which Obama voted in favor).
Just today a new executive order is being pushed through to cap what CEO's and other executives will be allowed to earn if they accept TARP funds. Before long the government will be telling everyone what they should and should not be allowed to earn and what we are worth.
Everyone needs to stop putting their hands out and starting putting their hands to work. I am sick and tired of the redistrubution of wealth and taking from those who work hard for their money and giving it to those who do not.
Our government keeps rewarding irresponsibility and laziness with bailout after bailout and stimulus after stimulus. I do not believe a thousand dollars from this stimulus is going to change peoples lives. All the stimulus plans, bailouts and nationalized health care are going to have an end result in higher taxes across the board.

Who is going to pay for all this stuff? I will tell you, not the people who are receiving the redistribution of wealth tax money, because they have no tax liability. We have a bunch of zombies walking around who have no idea about economics. I have never seen such cult like following any other President. No one is even questioning any of this.
This seems just like FDR's New Deal, ON STEROIDS
Elections have consequences!

Gold as a Truly Last Resort

I believed that at one time gold may be the investment that it was in the 70's. I am starting to think otherwise, it is starting to appear that with all other countries in the world devaluing their currency so fast, that the only real stable currency to fall back on is the greenback. I think this seems to be causing gold to fall short. I truly hope that this is short term, since I have been long gold for fear of high inflation from a devaluing of the greenback by the federal reserve. It will be a waiting game, but I know that if we do have a substantial rebound in gold stocks I will be taking some profits and will lighten up on my gold holdings.

I have been studying the past performance of the options market that occurred throughout 2008 and I believe shorting banking stocks and other financials may be a place where big money will be able to made once more.
There will be a second round of failures, maybe as large as the previous to come in the next couple months. Alot of people with 3 year arms have not been able to refinance and these loans will be adjusting between spring and summer and the next wave of defaults and bailouts are just around the corner. Deflation seems more likely in the short term (2009) then inflation. Hopefully I am incorrect but the finger is pointing in this direction more each day.
Good luck to all and if anyone has an opinion on my statements please feel free to comment.

Jobs Are Obama's Job No. 1

Obama is just a special rights activist. He has never held a job. He is a community organizer and he is angry at rich people and big business. It shows in his proposed tax plans. Taxes were not created to take from rich or poor. They were created to provide public services , roads, schools, hospitals, police, fire department, social security, etc. Raising taxes on the wealthy only decreases there spending power. What happens when business do not have free cash flow, they quit spending and they cut jobs.
What we really need to do is stop all the gov't spending and give everyone who pays taxes a rebate, not those who do not pay.
In the next couple years we will see our jobless rate rise, gov't spending will soar and inflation will rise to levels never seen before. In the 70's we had inflation of 14% plus. There were no stimulis packages to cause this issue.
The Fed. has MADE over 1.2 trillion and are currently injecting it into our economy and banks. The Fed. has cut the interest rate from 6.5% to 1%, dramatically devaluing the dollar. Europe has cut their interest rate many times devaluing the Euro. China just announced a stimulis of 586B. We are going to see historic changes in the value of the dollar and other currency world wide. I just hope all of you are ready. I have said before that gold will be the only hedge to this mess. It is the original currency that all currency are based. Over the next five years gold will soar $2000oz and higher. On top all this Obama and Nancy P. are going to spend like never before and Nancy is already calling for another stimulis of 400B next year.
Who is paying for this , not the pieces of shi.. that Obama is giving tax cuts too.
So to some things up we are going to receive higher taxes a devalued dollar (causing inflation) and a soaring jobless rate. I hope our new community organizer of the Chicago hood knows what to do!!!

Is Gold Ready to Fly?

Bill,
How do you think the policies that the two Presidential candidates are presenting will effect the little guy. i.e. tax cuts and health care. It seems to me that a socialist society is the last thing the tax payer needs.

Final Presidential Debate: The Wurzelbacher Falls

No one has the right to say where I can and cannot spend my money. If you do not have health insurance because you do not have a job then go find a different occupation and get some. Do not ask me to help you when you cannot help yourself. This is what people should really be saying.

Under Obama's plan if we make it to the point that we reach the american dream then I guess that will mean you can only have 250,000 before Obama takes half. Kind of sounds like socialism to me. Why go to work to get that health insurance, you can stay home while I go to work and pay for it. Sounds like liberal socialism to me. Watch what happens to the market if Obama is elected. Yoyu want to see fear in the market you haven't seen anything yet. Taxing does not help stimulate the economy!!!!!


Even robin hood had better morals and he was a thief, Atleast he took from the sheriff (Gov'.t) of Nottingham and gave the money to the peasents. Obama is going to take money from the peasents and give to the lazy. Everyone has there hand out!

I do not like either of these crooks. But I know the greater of the two evlis when I see it.

It's a Bull Market in Government Intervention

The Gov. has been making money at a rapid pace since 2001 when the World Trade Center were bombed. They have created debt of 1.3 trillion with the war, Fannie, Freddie, AIG and now another 500 billion or more!! It seems to me the Gov has created another 2 trillion on top of the 10 trillion owed in just a matter of a couple years. I did not notice but if anyone did, what did the dollar do in the wake of this announcement of mass gov. intervention? All my gold mining stockes have been soaring up almost 50% in last week with only a 10% move in gold bullion. It seems that maybe the big ,smart money in the system is fleeing for the safe haven of gold and precious metals. I also see oil rising in the face of a possible depression if this mass amount of liquidity does not work( oil has also been used this year as a hedge against deflation) This market rally was a rally in confidence that these financials that have been killed by short sellers can not be short sold anymore (till the ban is lifted) not because of better fundamentals!!! I still believe the demand for gold and other precious metals is the place to be for the long term during this deflationary time. Now that all this stimuluis is being injected into the economy will be seeing inflation of a magnitude much greater than that of the 70's. It almost has to happen, considering this problem is consideribly more dramatic than that of the 70's. Also what needs to be pointed out is that oil is hovering around 95 dollars a barrel and we certainly are in a recession. What do think the price of oil will be when our economy is back to 3% or 4% growth and we spark the BRIC countries by importing at our normal pace. I will tell you let's try 200 a barrel. Everyone has turned their head away from oil because of this financial turmoil. It is poised to soar again. What will the Gov. do stop commodity trading next. I don't think so. Well there is many other places to make money other than the broad market, but I truly believe we will see gold prices spike much higher that that of the seventies as people flee for a safe haven.

Banks on the Verge of a Nervous Breakdown

I don't know about everyone else but I am hedging this mess with gold mining stocks. It seems to be the only safe place to hide money that the Gov. hopefully can't destroy.

Time To Consider Oil's Homely Cousin, Natural Gas

GAZ,UNG: Who controlled 11% of oil contracts?

Black Gold or Yellow Gold?

incandoitdon:
What I mean in my writing is how on earth are you gonna change anything to do with this economy or country. The President, Federal Reserve, Military, Hillary Clinton, John McCain, Barack, nobody can change what is about to happen with our energy crisis. I have been invested in oil since it was $30 a barrel in 2000 and I keep listening to everyone say it is speculation and that oil will pull back. Well I just do not believe that anymore. Oil is going to keep rising until we fall into a great depression (GLOBALLY) and we no longer have demand or supply issues.
We have wars were Middle Easterners are trying to blow up pipe lines and terrorize the world because we do not have the same beliefs as they do. Osama has taught them how to hurt us financially. I think we need to start playing dirty. If you want to blow up a pipe line or kill someone and you put it on a website and brag about it then the US should blow up a religous interest of Al Qaeda's and put it on CNBC and laugh. Screw that politically correct crap, we need to grow some balls as a country and stop letting foreigners try to change our religion, language and beliefs.

Try to make money where you can in the market, speculation is a good thing if you are invested in a part the economy that is going to head north with or without speculation. You and I are not in a position to change our energy policy. We will not be able to do shit about rising oil except drive less and hedge yourself against rising prices by buying stock in oil drillers, oil service companies and gold.
It's not that I do not give a damn, it's that it does not make a f-ing difference. So invest smart and make some money before the shit hits the fan!