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  • A Crude 10 Year Perspective: The DJIA, Oil and Gold [View article]
    I guess we will have to agree to disagree on the history of the collapse of gold prices in the late 70s. As I recall the event, late 1978 or 1979 all the gold and silver-bug newsletters were talking about the price of gold's imminent explosion to the upside after the first of the year when US citizens could once again legally hold gold. Gold was over 800 and ounce and had been moving up rapidly. New Years came and went, American citizens had no interest in buying gold and overnight gold fell out of bed. The drop was precipitous not the ups and down that are usually associated with gold's relationship to other commodities or currency fluctuations.
    It's been a long while back so maybe my memory has failed me.
    Oct 23, 2009. 10:39 AM | Likes Like |Link to Comment
  • The Hypocrisy and High Stakes of Healthcare Reform [View article]
    Well said Bob.

    On Oct 22 01:47 PM Bob 123 wrote:

    > Medicare for all. period.
    > Everyone in, nobody out -- one big risk pool, and the bloodsucking
    > insurance companies (with their 30% profit margins) can go to hell.
    > Medicare operates with a 3% overhead as opposed to the ridiculous
    > profit margins the insurance industry requires.
    > The U.S. government can and should negotiate drug costs with big-pharma,
    > as do all other government run systems around the world. We don't
    > need to pay their lobbying as well as their advertising costs to
    > pitch us Viagra.
    > One set of claims/paperwork for care, eliminating the immense beauracratic
    > overhead facing health-care providers as all the hundreds of plans
    > have their own forms, procedures, etc for filing claims.
    > Healthcare costs for employees would be removed from the backs of
    > business -- large or small, making it possible to hire U.S. workers
    > again and not be at such a disadvantage as it is now vs. hiring foreign
    > labor (who get healthcare provided by their respective governments).
    > The cost savings of the above would be immense and every citizen
    > could expect quality, affordable care.
    > National healthcare for all U.S. citizens -- NOW.
    Oct 22, 2009. 03:39 PM | 2 Likes Like |Link to Comment
  • The Hypocrisy and High Stakes of Healthcare Reform [View article]
    yeah, let em eat cake.

    On Oct 22 02:56 PM Teutonic Knight wrote:

    > Now I understand what Obama meant when he stood on the podium in
    > the Fall of 2008 campaigning with that sign "CHANGE" underneath his
    > chin.
    > For the so-called healthcare "Reform", you will see the following
    > CHANGE coming your way: -
    > 1) The life-boat that now carries the number "Insured (or paid)"
    > will have to open up and suck in that extra 30 million "uninsured".
    > Nothing comes from nothing. Want to know what this means? <br/>
    > The waiting room in your doctor's office will be more crowdier, the
    > time to book an appointment with your family doctor and specialist
    > will be longer. Forget about same day appointment now.
    > 2) Your current dues on your healthcare cost will rise, and your
    > inocme tax will also rise to pay for the extra load.
    > So now you understand what he meant by "CHANGE".
    > I hope he doesn't short-changing me again. I voted for him last
    > year though.
    > TK
    Oct 22, 2009. 03:35 PM | 4 Likes Like |Link to Comment
  • The Hypocrisy and High Stakes of Healthcare Reform [View article]
    Actually a great deal of the research used by drug companies is done by NIH and University mostly funded with your tax dollar.

    On Oct 22 03:06 PM Windsun33 wrote:

    > I bet that many of your foreign friends failed to mention that something
    > like 90% of all new drugs and medical procedures and equipment are
    > invented in the US, because the US is the only country that has health
    > care companies with profits to do any research.
    > ... I'm not talking about 'reasonable'
    Oct 22, 2009. 03:34 PM | 4 Likes Like |Link to Comment
  • The Hypocrisy and High Stakes of Healthcare Reform [View article]
    Yes, in fact my wife went to Canada for eye laser surgery. I have had surgery in Mexico, My daughter has had surgery in Mexico. It cost a fraction of what it cost in the US and we are happy with the results. My brother in-law live in England and didn't bust his ass to come to the US for his recent heart surgery although he could have done had he wished.

    On Oct 22 12:45 PM CLH wrote:

    > This whole reform is unbelievable. America has the best health care
    > in the world. Does anyone go to Europe or Canada for health care?.
    > Of course not. They all come to America where the health care is
    > the best. The only way to cut costs is to privatise Medicare which
    > is a bankrupt disaster.
    Oct 22, 2009. 03:28 PM | 4 Likes Like |Link to Comment
  • Rajaratnam Indictment: Wall Street Wrongdoing Remains Pervasive [View article]
    Oooh my, but more Government oversight would be Socialism!
    Oct 22, 2009. 10:35 AM | 1 Like Like |Link to Comment
  • How Paulson Gave Goldman the Lehman Heads-Up [View article]
    Yes, and who the hell would employ him in the financial circles after his term as Sec. Treas. ends?

    On Oct 21 03:13 PM a fat panda wrote:

    > Even if Geithner is totally innocent, he isn't apt to turn over any
    > rocks. All of these guys worked together on the TARP. How much
    > does Geithner win if he proves that Paulson was a crook. His only
    > defense becomes, I was too stupid to realize that I was dealing with
    > a crook?
    Oct 21, 2009. 03:56 PM | 3 Likes Like |Link to Comment
  • How Paulson Gave Goldman the Lehman Heads-Up [View article]
    That is a good point, why else has the GS/Paulson situation festered and never investigated (?).

    On Oct 21 02:58 PM tripleblack wrote:

    > Its puzzling that two VERY adversarial administrations (Bush vs Obama)
    > overlap this affair, and yet no one in authority is looking under
    > rocks...
    > UNLESS the abuses have never ended, or dated from the time when members
    > of the Obama administration were working with Paulson back during
    > the Bush years. It is likely that the abuses continue to this day.
    > It would appear likely that at least two Secretaries of the Treasury
    > would have to be investigated simultaneously here, and with the choice
    > being two or none, they have elected "none".
    Oct 21, 2009. 03:54 PM | 3 Likes Like |Link to Comment
  • John Hess' comments in Copenhagen [View instapost]
    They are a pack of frigging dogs, how could they be so organized as to ;put together that kind of a conspiracy?
    Oct 21, 2009. 02:06 PM | 1 Like Like |Link to Comment
  • The Secret Paulson-Goldman Meeting [View article]
    Screw the Alpha Beta nonsense!

    On Oct 21 12:51 PM James Lewis wrote:

    > The Marriott in Moscow is not bugged. Well not all of it.
    > This has nothing to do with dis-information and everything to do
    > with painting a clear picture to the Russians that Paulson was meeting
    > with Goldman. A little later Paulson stopped off in Shanghai as
    > well to have a little chat.
    > I am afriad that the people/animals at the top of most hierarchies
    > are alpha in nature. Everything you see is how the Alpha Male acts.
    > This is common to all colonies, the system of democracy/capitalism
    > is designed not to eradicate but limit this alpha male behaviour.
    > Believe it or not the USA ranks quite well on corruption compared
    > to every other powerful nation. (not as good as Europe's new elites
    > may I add).
    > Keep everything in prospective, I suggest those that are judging
    > here may have to take a closer look at their own lives.
    > I agree with Kimbo and others about reforming the political system.
    > But lets be clear, everyone in the system is involved in this 'alpha
    > hierarchy'. And if the system is going to be reformed there, how
    > can others aspects of the system be ignored. (the fed, domestic/international
    > income Inequality, fraud voting system and stone mason political
    > linage)
    > I myself believe in hierarchy, but those at the top of the hierarchy
    > should be there out of service; not out of greed. 100-200 years maybe
    > things will have changed.
    > XO XO
    Oct 21, 2009. 02:02 PM | 1 Like Like |Link to Comment
  • The Secret Paulson-Goldman Meeting [View article]
    Yeah this is all well and good but who are you going to put in office to replace the scallywags you threw out? It's the electoral system that is broke - it is a fixed gig. We are at the mercy of the Democratic National Committee and the Republican National Committee for most candidates and they choose not the best candidate but who they think can win. Matching Government funds are so insignificant that now Presidential candidates opt out so they don't have to abide by the rules. Third parties haven't a chance to run a viable candidate, no chance to enter Presidential debates or access to the tons of money needed. We desperately need public financed election.

    On Oct 21 12:17 PM Jimbo wrote:

    > In November, 2010 there will be another election.( At least I HOPE
    > there will be another election). Let us turn out 100% of all incumbents
    > and start anew. Let us insist that Congress, or the State Legislatures,
    > initiate a constitutional amendment to limit terms of Congress (12
    > years max in either house) and make it a felony for any former member
    > of Congress to lobby. A law making non-payment of taxes grounds for
    > dismissal from Congress and any Federal office would not be a bad
    > idea either. The system is incredibly corrupt and it starts with
    > Congress.
    Oct 21, 2009. 01:59 PM | 3 Likes Like |Link to Comment
  • The Secret Paulson-Goldman Meeting [View article]
    Damn, too true and yet there are those here that will say "nothing here" like it doesn't matter. It was the arrogant "we will do what we want and screw the law or the Constitution" way of the whole Administration.

    On Oct 20 02:19 PM stark naked wrote:

    > Paulson was a theif and see how GS made out in the last year since
    > they were 'Bailed Out'! Oh Yes and lest nor forget Dick Chaney and
    > Hilliburton!
    Oct 21, 2009. 01:44 PM | Likes Like |Link to Comment
  • A Crude 10 Year Perspective: The DJIA, Oil and Gold [View article]
    I agree with most of what Einhorn has to say except his statement that gold collapsed because of Volker's austerity program. Volker's management of interest rates might have been the "camel that...." but the diving force of gold's collapse in the late 70s (IMHO) was the fact that the dramatic rise in gold prices was largely predicated on the fact that US citizens were going to be allowed once again to own gold. When the law came into being Americans were disinterested in gold and there was a selling panic amongst those who had gold. The situation is totally different now and gold seems to be in lock-step with the S&P with a few exceptions.
    Oct 21, 2009. 10:14 AM | Likes Like |Link to Comment
  • The "Audit the Fed" movement gains some momentum as two senators introduce a bill calling for the Government Accountability Office to look over emergency lending programs.  [View news story]
    That would be great, just hope this Administration listens to the GAOs reports better than the last Administration.
    Oct 20, 2009. 05:51 PM | Likes Like |Link to Comment
  • A Crude 10 Year Perspective: The DJIA, Oil and Gold [View article]
    That's all well and good but who is listening? It looks to me like big oil has put more money in the campaign pockets of Congress than gas companies thus have more access to them and how the political winds blow. Individuals like you and me (and Boone) can write letters , send emails till the cows come home and nothing will happen unless the rascals are swamped with letters from their constituents demanding natural gas be used at least to satisfy Piken's plan. We have the leadership we deserve as I would venture to say most of the public is too lazy to get away from the TV and write or email plus if they did they haven't a clue as to what the problem is or how to solve it. Oil will go higher, no doubt in my mind but gold?, not so sure about that.

    On Oct 19 10:38 PM jarco wrote:

    > An exhaustingly long dissertation followed by equally long responses.
    > Too many theories gentlemen; too little discussion relative to infrastructure
    > required to do much different than what the US has done for decades.
    > Aside from the necessary and at times interesting speculation about
    > China, Oil, Gold, and Obama . . . the lack of any semblance of
    > an energy policy renders it all for naught.
    > NG, LNG, Tar Sands, Health problems from pollution, Global Warming,
    > Oil import deficits, and the list goes on and on. No focused energy
    > plan, no solution. Save your breath reminding investors how smart
    > we are. Start demanding solutions.
    Oct 19, 2009. 11:05 PM | Likes Like |Link to Comment