ron_paulite

Jim Rogers' 'A Gift to My Children' Can Potentially Educate the Next Warren Buffett

jim rogers talks the walk and walks the talk.
he always acknowledge that he is a lousy trader and has poor timing, but he's good at long term trends.

so if you follow his investment strategy, you must have deep pockets and lots of guts and patience.

and the biggest trend he's seeing now is the China century - which a lot of people still have doubts about. i think he is right on this one - do encourage your children to learn the chinese language. know your enemy (or competitor) and half the battle is won.

American Austerity Is About to Begin

Well written article, Peter, and please win the Senate seat!
Good luck!

American Austerity Is About to Begin

Yes, cut wages. Let the market decide on wages.

Weakening the dollar is the same as cutting wages because a weak dollar will push up gas price and other imported goods. Cutting wages is more honest and will make people realize that if you want to earn more, you have to be more productive or innovative, you have to move up to value chain.

But if the dollar keeps on falling, it will definitely lose its reserve currency status and when that happens, it will bye bye America the economic superpower and welcome banana republic. Social Security will then collapse. US will not be able to borrow money from the rest of the world anymore - except at very high interest rate.


On Oct 18 09:34 AM chap08 wrote:

> OK Mr Schiff and all you hard money SA types, how is this consistent
> with a stronger dollar?
>
> Mr Schiff calls for a simultaneous decline in consumer spending and
> increase in industrial output. Great, I agree, but how do you achieve
> that with a stronger dollar? Who is buying the increased output if
> not us? It has to be exports right?
> How can we cut our prices by 50%? About the only way that you can
> do that is a wage cut of 90% - for everyone. How's that going to
> work? Oh, I forgot, at the same time, interest costs to business
> and individuals have gone up as part of your strong dollar policy.
>
>
> Strong dollar? Dream on.

California: Leveraged to Gasoline Prices and Nearing the Breaking Point

If the Fed didn't keep interest rate so low for so long, Goldman Sach and the other investment banks wouldn't be able to get so much cheap money to play with. Many investors would have been quite happy to leave a lot of their money in bank saving accounts rather than handing it over to Wall Street.

Yes, the investment banks were also at fault. But that's the nature of banksters. It is their job and in their DNA to make money for themselves and their clients, whether going long or short - yes even at the expense of the national or even world economy. It is the job of the government to ensure they do not get out of hand and more importantly not to create the environment for excessive risk taking -- and zero interest rate encourages excessive risk taking. We need sound monetary policy.

The scorpion was stranded in a flood and asked the frog to give him a ride across the river. The frog was reluctant as he was afraid the scorpion would sting him. But the scorpion managed to convince the frog that he wouldn't sting him. So the frog gave the scorpion a ride. Once they reached the other side, the scorpion immediately stunk the frog. The dying frog asked why. The scorpion replied: That is my nature.
Wall Street bankers are scorpions. Don't blame them for behaving the way they do.


On Oct 16 10:28 PM Ron2008 wrote:

> So correct. The Ron Paulites may want to blame the gov but it is
> the deregulated and unharnessed Goldman and others that will kill
> any recovery with their inflated oil prices.

The Greatest Depression Is Coming

The real disaster will come but the dollar falls so much that USA cannot attract the best talents from the world anymore. Who will want to come to work here if the salary is lower and continue to shrink everyday because the dollar keeps on falling?

Somebody on Capitol hill please wake up. A weak currency only provides a very temporary boost to the exporters. It is the easiest quick fix but one with very painful side effect. Long term, a weak currency slowly but surely leads to the irrecoverable economic downfall of a country.


On Oct 17 07:18 AM Philly Jim wrote:

> The real economic disaster will come when Boeing, Lockheed Martin,
> Raytheon, SAIC, Exxon, Chevron, GE and other U.S. conglomerates follow
> in Halliburton's steps and relocate elsewhere. Elsewhere, is offering
> attractive incentives for talented and productive individuals and
> companies, not to mention better living conditions. Who would have
> ever imagined finding better living conditions outside of the U.S.A.?

Volcker: Fed Needs to Start Draining Liquidity

TPTB is bent on monetarizing debt, printing money, zero interest rate, growth at all cost and by all means, devaluing the dollar, easy and quick fixes, enriching themselves.... and then World War III, in which they hope they will win and start all over as no. 1 again.

Volcker is one of the few voices of reason in Capitol hill. Ron Paul is another.

California: Leveraged to Gasoline Prices and Nearing the Breaking Point

why is oil price so high?
because the dollar has shrunk!

why has the dollar shrunk?
because fed is printing lots of it.
because of 0% interest rate by the fed
because the government is deep in deficit and is still trying to borrow more money.

stop printing.
raise interest rate.
stop spending.

When Volcker Saved the Dollar

not true, if u reduce your money supply, the exchange rate will go up. if u increase interest rates (to higher than most other countries), foreigners will invest in us dollar to earn the higher interest.

but u are right from a long term perspective. in the long term, a country has to produce more than it consume for its currency to be strong.


On Oct 09 11:21 AM flow5 wrote:


> There is nothing that the FED can do to stop the decline in the exchange
> value of the dollar. The FED's mandate can only be to control the
> rate of inflation relative to the goods and services produced.
>
>

When Volcker Saved the Dollar

"Are we due for a repeat of the Oct. 6 tightening? "

As much as we need one, don't bet on it. Helicopter Ben is no Volcker. Ben is Greenspan 2. Trust him to do the politically expedient, the short-term thing.

The Declining Dollar: Is There a Government Solution?

yes, vote for ron paul 2012.

The Great Shift: China Rising, U.S. Falling

yes, it may seem true that chinese culture today does not have wide appeal because it is so unique and different from the west.

but historically, the influence of chinese culture could be found everywhere in asia. in thailand, vietnam, japan, korea, burma, malaya, etc.
in fact, japan, korea and vietnam didn't have their own handwriting in the past and they used to use the chinese script. chinese culture was the dominant culture in the east -- just like the roman empire in the west. till this day, the koreans still worship confucius.

who's watching chinese movies? go to anywhere in asia, and everybody have watched jackie chan movies before.

india's movie industry may be the biggest in the world, but outside india, few watch indian movies.

yes, india is also a great culture and civilization but india was never one country or empire the way china has been. indian culture also influenced much of asia, e.g. buddhism. historically, ancient india is like the greece of the east, while china the roman empire of the east.

it is too early to dismiss the possibility of chinese culture dominating the world. if one day, china has the most advanced technology in the world, its culture, quaint it may appear now, will suddenly appeal to everybody. of course, the most advanced technology isn't enough. u also need size, and china is huge.

india also has the potential of dominating the world, but at this moment, china seems to be ahead of india.

of course, it is also possible that USA will be no. 1 for a long long time.


On Oct 08 06:06 AM User 353732 wrote:


> 4. China's popular or even classical culture has very limited global
> appeal. Truly great Powers also succeed in cultural dominance....Rome,
> Greece, Western Europe, the US each in turn. Japan and Russia never
> did.
> India's popular and classical culture seems to have much grater global
> appeal and certainly much greater appeal in the Global South than
> China's. India's movie industry is the biggest in the world, for
> example and apparently Indian entertainment is becoming popular in
> several parts of the world. Who watches made in communist China
> movies in Africa, the Middle East ,southeast Asia or in the West?
>

Why We Were Right Not To Nationalize the Banks

The jury is still not out yet. Don't speak too soon.

Maybe the banks needed the bailout to prevent bank runs.
But does the car industry also need to be bailed out?
The government holding 60% of GM shares?

Declining Dollar: The Markets' Take

you are right, if us has a double dip, the dollar will go up.

marc chandler is a agent of TPTB.


On Oct 05 10:15 PM User 143167 wrote:

> If the US has a double dip, the dollar will go UP, not down.
>
> The dollar does not trade on macro economies, but on market risk
> appetites.

Volcker Sounds Off

who wants to follow Volcker's advice and ends up as a one-term president? politics rule, my friend.


On Sep 30 01:19 PM enigmaman wrote:

> Considering that Paul Volcker was touted as one of the persons Obama
> would go to for advice on how to handle the economy nad banking its
> a shame that we didnt understand what the words " Going to" meant,
> to most of us it meant Obama would give serious consideration to
> what Volcker had to say, to Obama it meant give the voters what
> they wanted to hear, that he had credible mainstream advisors which
> he would get advice from, I guess Obama showed us

Volcker Sounds Off

It is interesting that in the Joint Economic Committee session on 02/26/2009, Volcker said the he agreed with much of what Ron Paul had said.

www.youtube.com/watch?...