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The Recusant

The Recusant
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  • It's Good To Be The Fed [View article]
    The sole responsibility of the Fed was to smooth out recessions and inflation. Yet the worst financial crises the US has faced were both during the Fed era. One would think that if "the proof is in the pudding" then the Fed should be dumped or completely reorganized.
    Mar 21, 2015. 04:36 PM | 1 Like Like |Link to Comment
  • The Federal Reserve Has Painted Themselves Into A Corner [View article]
    The statement, "Well, here's another nice mess you've gotten me into" can be applied to which of the following?

    [A] The Federal Reserve Bank of the United States of America
    [B] The Congress of the United States of America
    [C] The TBTF banks in the United States of America
    [D] The current fiat monetary system
    [E] All of the above
    Mar 21, 2015. 04:10 PM | 4 Likes Like |Link to Comment
  • SeaWorld: The 'Meet The Animals' Campaign Launches As King Kong Looms [View article]
    Alex: The Progressive Party during Roosevelt's era was a splinter group of the Republican Party (conservatives) and should not be confused with the progressive liberals of our current era.

    Regardless, you skirted the real issue that concerns over animal treatment is not or should not be political. This is a moral issue.
    Mar 21, 2015. 03:33 PM | Likes Like |Link to Comment
  • With A Yield Over 5%, Take A Long Look At Philip Morris [View article]
    havercat: Yup, you're right, the tobacco industry is altruistic and making profit off of them is guiltless. You are a wise man.
    Mar 20, 2015. 01:05 PM | 1 Like Like |Link to Comment
  • SeaWorld: The 'Meet The Animals' Campaign Launches As King Kong Looms [View article]
    Actually you did when you referred to the organizations as "crazy leftist" ideology. It has nothing to do with being conservative or liberal. Remember that Teddy Roosevelt was a conservative yet strongly promoted natural conservation. The questions being raised about Seaworld and zoos is not one of education, which is a tremendous boon, but how animals are treated and the very fact that they are captive.
    Mar 20, 2015. 12:52 PM | Likes Like |Link to Comment
  • Is Europe Now Assisting China In Reducing The U.S. Dollar's Dominance? [View article]
    Ben Gee: Granted it will take time to set up an international settlements system and financial confidence in the Chinese government and yuan, yet it is unnerving at the least when your staunchest ally, Great Britain, joins the AIIB without consulting the US. And moreover, Germany, Italy, France, and Australia announced they are soon to follow. They obviously want to be part of an emerging financial power although the US continues to snub the AIIB in defense of US interests. We will see shortly if the 80% in USD settlements of international trades is maintained or begins to fall. It may not take decades or even a decade until the dollar is diminished to just another currency.
    Mar 19, 2015. 05:44 PM | 1 Like Like |Link to Comment
  • SeaWorld: The 'Meet The Animals' Campaign Launches As King Kong Looms [View article]
    Alex: The Youtube videos I have been seeing over the last year or so are too numerous to provide a tag to. However, this one video, streamed from a "60 Minutes" interview is worth watching. The person interviewed advocates not only returning wild animals back to the wild but he wants all zoos to be closed down. I've noticed others over the last few years using the term "animal slavery". The arguments both ways, pro and con, are convincing. Time will tell what the result will be of this new trend.

    Here's the link to the interview: http://cbsn.ws/1LxGp4v
    Mar 19, 2015. 05:13 PM | Likes Like |Link to Comment
  • With A Yield Over 5%, Take A Long Look At Philip Morris [View article]
    havercat: There are lots of companies that market questionably beneficial products. The gun manufacturers, weapons industry, oil producers, drug companies, and even the current pariah TBTF banks can be placed into that category. But all of them do have positive aspects to their products and services. The tobacco industry does not. What they produce is harmful to the human body and addictive. But worse, they knowingly market tobacco to children and teens to get them addicted for the sole purpose of making profit. Even the alcohol industry is more conscientious. I can think of no other legitimate industry in the US that needs to be banned. You can call me a "snob" or "uptight" or you can call yourself ill-informed, greedy, or unethical.
    Mar 19, 2015. 04:50 PM | 1 Like Like |Link to Comment
  • With A Yield Over 5%, Take A Long Look At Philip Morris [View article]
    The_Babe: By asking your "religious leader" about stock investing to keep your conscience clear is a way of absolving yourself of any responsibility or personal convictions. Just the thought of having to ask for direction in the matter should have been enough to dissuade you from doing it. If your religious leader feels supporting such a company, even passively by owning stock, is moral or of no consequence, then you might want to search around for someone new to get advice from.
    Mar 19, 2015. 04:32 PM | 2 Likes Like |Link to Comment
  • With A Yield Over 5%, Take A Long Look At Philip Morris [View article]
    Including ethics in investment decisions is a personal choice. I got hooked on cigarettes as a young teen and although I kicked the habit in my early 30s, I got throat cancer later in my 60s, a result of my youthful folly.

    Certainly many companies offer harmful products. And people must take responsibility for their decisions to purchase those products. But there is no better example of a product that is marketed to those too immature to make the proper decisions than the tobacco industry, especially in foreign countries that have fewer laws to regulate tobacco sales to minors. And in that group we can include preteen children.

    Reminding others of the social impact of a company's products is as important a part of the discussion as the political impact or motivation for investing in that company. Perhaps one can justify to themselves a reason to put profit ahead of morality, but my conscience will not allow me in these later years to sleep peacefully if I did. So, go ahead and rationalize a way to hold their stocks to put a few more bucks in your pocket. I cannot.
    Mar 19, 2015. 03:24 PM | Likes Like |Link to Comment
  • SeaWorld: The 'Meet The Animals' Campaign Launches As King Kong Looms [View article]
    There may be a bigger picture forming more impactful than just the recent downturn in attendance at Seaworld. I've noticed increasingly, videos on Internet that, like "Blackfish", try to sway public opinion away from any type of animal exploitation. If indeed this is a new social consciousness forming about wildlife husbandry, organizations like Seaworld and even zoos may see continuing declining profits.
    Mar 19, 2015. 02:42 PM | 1 Like Like |Link to Comment
  • Since Everyone Expects The U.S. Dollar To Keep Rising, Look For The Exact Opposite [View article]
    Steven: That is correct, however the USD's strength has been the petrodollar, forcing countries to use it and keep the USD the global reserve currency. With nations now creating new "world banks," (note Great Britain's recent intention to join China and the other BRIC's efforts) the USD is rapidly losing that controlling financial position. Its prominence is a matter of time. Decades might turn into years.
    Mar 18, 2015. 07:24 PM | Likes Like |Link to Comment
  • Is Europe Now Assisting China In Reducing The U.S. Dollar's Dominance? [View article]
    Power Hedge: Athough China and Russia may not state publically that they want to replace the USD as the global reserve currency, they are amassing an enormous gold bullion stockpile in their central banks. Some estimate that China's bullion reserves may already exceed those of the US Treasury. To what end? If China were to gold-back their yuan, what effect would this have on the USD? Would there be a mad rush to the yuan as a reserve currency redeemable in gold or asset-based in comparison to the USD that is only "promise-based"?
    Mar 18, 2015. 05:05 PM | Likes Like |Link to Comment
  • Canadian Solar's Shares Look Really Cheap [View article]
    Investors often miss truly monumental gains by investing in short potentials instead of long term obsolutes. The challenges of the solar industry are being solved in a historic blink of the eye as the transition from carbon based energy moves inevitably to Eco-friendly sources. Not to add one of these prominent solar players into one's portfolio now is a mistake during this once-a-lifetime opportunity at these prices. And CSIQ is perfectly placed to remain among the leaders for years to come.
    Mar 18, 2015. 04:36 PM | 8 Likes Like |Link to Comment
  • Since Everyone Expects The U.S. Dollar To Keep Rising, Look For The Exact Opposite [View article]
    One long shot that might drop the dollar is if a foreign currency becomes asset based. It is no secret that numerous mentions have been made overseas that an alternative to the USD as reserve currency must be found. If, for instance, China or Russia was to back its currency with gold or a basket of assets, the backed-by-a-promise US dollar would sell off to a currency that is redeemable in a hard asset. And both China and Russia have been buying up gold from the Western vaults hand over fist for some time now. Perhaps a new yuan or ruble is just around the corner.
    Mar 17, 2015. 04:54 PM | 1 Like Like |Link to Comment
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