User 371080

Blogs, Profanity and Editorial Integrity

The first amendment protects unpopular speech. Popular speech by definition doesn't need protecting. Either you believe in freedom or you do not. One can also believe in freedom and believe in exercising good judgment. Its disturbing that a country that hails itself for its freedoms is awfully afraid of people exercising those freedoms. Makes the statement by the former resident of 1600 Pennsylvania Ave "they hate us for our freedoms" look even sillier.

There are several on SA who's modus operandi is attack. Attack. I find those attacks quite awful. Its the right of the attacker to do so and no one should complain. It is the glorious cost of freedom. A cost that is very minor when compared to the cost of political correctness or censorship.

Dollar Debased Like Never Before

No. The US of A isn't controlled by a politburo. Its controlled by an oligarchy. The president, his staff, and congress are bought and paid for by the oligarchs and their high priced K street minions. Communism and socialism are not the same. One is a political and the other is economic. In US of A now there is Ayn Rand capitalism for the poor and socialism for the rich. Socializing losses and privatizing profits isn't anything like communism.


On Apr 02 12:04 PM Hmm?! wrote:

> User 371080
>
> And just like any communist country, industry is now controlled
> by the government politburo. Of course this method has led to greater
> prosperity............... in history.

Are the Big Banks Gaming the Taxpayer?

Its heartening to read more and more comments that get that the banksters are evil. It may take a few generations to finally rid ourselves of the Ayn Rand pathology. All journeys begin with a single step.

Dollar Debased Like Never Before

Daily one can read of countries that agree to settle international trade in currencies other than USD. Some in pure self interest and others with the stated goal of knocking the USD out of its preeminence. Painful changes are about to be visited upon US of A.

Dollar Debased Like Never Before

Mr. Obama is the President of the country that has become the major share holder and benefactor to GM. Any major shareholder unhappy with management has the power to fire those that work for him.


On Apr 01 01:10 PM Dana H. wrote:

> Prudent Man CFA: The proper term for where our government is taking
> us -- when the President of the United States has the power to fire
> the CEO of a major corporation -- is not "crony capitalism" but fascism.
> Fascism differs from conventional socialism in that the government
> does not formally own the means of production, but it still pulls
> the strings.
>
> There's a good explanation here, in this PJTV interview of Yaron
> Brook of the Ayn Rand Institute:
> www.pjtv.com/video/PJT.../;jsessionid=abcHSmjng...

Regulating Compensation: Where Does It Stop?

It stops when the highest paid employee at these banks is paid no more than 20x what the janitor makes. Still a very long way to go. 90% tax is a good start though!

Should USA still be AAA? Some critics say government debt isn't nearly as safe as is widely assumed.

The only way default is a remote possibility is in the event they start a major war or cause another "terrorist" attack on American soil as an excuse to divert attention.


On Mar 23 09:49 PM Harry Tuttle wrote:

> AAA means no default. Since the government can print money to pay
> the debt, default remains a remote possibility.
>

And There Goes the Dollar

IMF is about to print its own currency.

www.telegraph.co.uk/fi...


On Mar 20 07:54 AM Kraut wrote:

> China and Russia conduct open talks about an alternate currency:
>
> www.reuters.com/articl...;br/>
>
> That does not indicate they have an appetite for buying additional
> US Treasuries...and they can rely on mutual feelings from the OPEC
> exporters.

And There Goes the Dollar

Its the Peter Principle that states that people rise to the level of their incompetence.


On Mar 20 07:33 AM Andy Abraham wrote:

> It is called the Peters Principle... People rise to their highest
> level of incompetence...

Jim Rogers Has Gold Coins in His Pockets

Many want the ATMs to continue to work. Many want an end to the boom bust cycle created by central banking and fiat currency. Likely the bankers will win out with an even bigger slice of the pie and the ATMs will become extinct when currency becomes obsolete.

U.S. Dollar Has Third Biggest One-Day Decline Ever

This money being "created" will eventually have to be paid in tax collected by the Treasury. Taxpayers are the ultimate guarantors of of US treasury debt. Play all the slight of hand and semantic games you want but your grandchildren will be paying these bills.


On Mar 19 09:05 AM Philip Gvinter wrote:

> This is not new debt being put on the backs of American tax payers,
> this is new money being created and allowed to circulate throughout
> the economy. It is not free of consequences but it is not new debt.

U.S. Dollar Has Third Biggest One-Day Decline Ever

$1Trillion additional debt heaped overnight on the already broken backs of the American taxpayer will hasten the collapse of the dollar.

While everyone focuses on the $300Billion for long-term Treasury bonds they appear to be ignoring the $750 billion for agency mortgage-backed securities.

news.xinhuanet.com/eng...

Citi, Morgan Stanley Looking to Issue More Shares for Bonus Payments

I'm thinking orange jumpsuits are the most appropriate form of payment.

Revisiting Inflation: Consumer Prices and the Fed

Scam. Apt word.

Jim Rogers Has Gold Coins in His Pockets

Rogers is not yelling fire in a movie theatre. What about his moving to Singapore troubles you so much?


On Mar 18 02:11 PM 88tigers wrote:

>
>
> I've always had a great admiration for Jim Rogers. However "Mr Rogers
> Neighborhood" has changed. To cut to the chase, "he now lives in
> Singapore"! Living there can make one doubt and forget, the amazing
> resolve and resilence of both the US economy and Americans in general.
>
> After this take of him, I confess I've lost a little of my belief
> in his perceptions. Namely "to yell fire in the movie theatre" by
> predicting civil unrest has eroded Mr Roger's character considerablely
> and is the cheapest shot I've ever heard to prop-up commoditity prices!
>
>
> Jean-Paul Cassone'
> Fremont, CA USA