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ltsgt1

ltsgt1
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  • Dear Paul Krugman: You Do Not Understand Modern Monetary Theory [View article]
    Nobel prize is a joke. Obama has one in his closet.
    Mar 27 09:50 AM | 34 Likes Like |Link to Comment
  • Straight Talk on the BP Oil Spill [View article]

    It took Obama five X 10 plus days to get serious after the oil spill. - Obama was entertained by Paul McCartney the same day after he toured the Gulf disaster. Obama still hasn’t suspended the Jones Act which would allow foreign vessels ( skimmers ) to operate in the Gulf.

    In other words, Obama deserved to get lambasted by the media.... his incompetence and ignorance is beyond comprehension.
    Jun 17 10:15 AM | 28 Likes Like |Link to Comment
  • Dear Paul Krugman: You Do Not Understand Modern Monetary Theory [View article]
    Deficits don’t matter only if it were spend in a way which would bring confidence. If the government created huge deficits building natural gas pipeline to major cities and along major highways, tax incentives for off shore drillings, tax incentives to bring manufacturing jobs back into the country... etc. Investors will invest because they see the lights at the end of the tunnel.

    Deficits do matter if it were given to the unions, rabble rousing community organizations, creation of more welfare programs, unpopular wars, financing foreign company to drill oil off shore, more regulations enticing companies to move oversea, tax incentive to political cronies like GE...etc. Investors will still invest but only because they see the train coming at the end of the tunnel.
    Mar 27 10:11 AM | 22 Likes Like |Link to Comment
  • Did Bernanke Pull a Fast One Last Night? [View article]
    " Ben is promoting full employment and is maintaining inflation low."

    Weimar Republic Germany had achieved zero unemployment prior to the infamous collapse of their currency.

    Ben is maintaining low inflation ???

    "commodities prices on the market doesn't affect inflation because they are volatile, they swing up and they swing down faster."

    Commodities prices in Weimar Republic Germany swung up fast enough and lasted long enough to wipe out the middle class before they swung back down. By that time, does it really matter how fast they swing down .
    Dec 6 08:41 PM | 20 Likes Like |Link to Comment
  • The Time of Hype and Hope Is Ending (Beware the Collapse to Come) [View article]
    You forget one crucial factor. America is not China!!! The problem we have is that we are becoming more and more like China. Big government is killing this country.
    Oct 4 10:09 AM | 20 Likes Like |Link to Comment
  • Another Perfect Storm Brewing for Markets and the Economy [View article]
    America is no longer fit to lead the free world. Within two short years, I learn that our politicians are the morons who are responsible for the creation of the sub-prime mortgage, our bankers are responsible for the current foreclosure mess and we are responsible for putting a liberation theology Marxist in the White House.

    I much rather be hated than be laughed at by the rest of the world.
    Oct 16 12:54 PM | 19 Likes Like |Link to Comment
  • China: The Mother of All Bubbles [View article]
    I'm Chinese and I know those 3 things we have here in the US are merely an illusion for the masses in red China.

    There are 4 tiers in China. The top tier is the communist officials, the second is their children, the third is their relatives and friends and the bottom tier is the peasants with no connection to the privilege class.

    Even though I must admit that the US is becoming more like China; life time politicians - communist party officials, bankers and special interest - the privilege 2nd tier, the middle class which is struggling to stay afloat - the struggling 3rd tier, but as long as the middle class here do not decend to the peasant class in China, those 3 things which average Americans enjoy are still excluded from billion of Chinese peasants.
    Aug 10 03:14 PM | 17 Likes Like |Link to Comment
  • Things Will Unravel Faster Than You Think [View article]
    That sounds like a global redistribution of wealth and power. That is the core of Liberation Theology which our president believes in.

    Jeremiah Wright, James Cones, Bill Ayers, Van Jones........ Hmmmm, I think we are in deep dodo.
    Oct 4 08:36 AM | 16 Likes Like |Link to Comment
  • Obama's Loss Is the Economy's Gain [View article]
    Labor Equalization Tariffs is exactly what we need. Trading is an exchange of finished products between two parties. Trading is not exploitation of slave labors.

    IPad is the perfect example. It was invented here in America but the manufacturing were done oversea from the get go. We have a unique product which nobody else has. But instead of manufacturing this product here and trade this product for other finished products. We have the Chinese manufacture it and export it back to us. That is not trade. That is facilitation of slave labor.
    Sep 7 12:06 PM | 13 Likes Like |Link to Comment
  • Sprott Money: The Price of Silver Could Explode [View article]
    GW Bush inherited not only a surplus but also the burst of the dotcom bubble. He did turn it into the biggest deficit in history until Obama took over. Obama's reckless spending will reduce this great nation into a banana republic.

    Deregulated the banks did not lead to the financial collapse, it exasperated the financial collapse. Conservatives did not clamored for "Home Ownership is a Right", conservatives did not badgered nor harassed the banks, forcing them to lend to the unqualified minorities.

    Owning a bible and having a flag sure does not make you a conservative. I am a gun toting conservative athiest.
    Mar 13 07:55 PM | 12 Likes Like |Link to Comment
  • Is Gold's Golden Era Over? [View article]
    "What do you think is a fair price for gold?"

    When USD is no longer the global reserve currency, you will know what is the fair price of gold.
    Jan 31 09:41 AM | 12 Likes Like |Link to Comment
  • Is Gold's Golden Era Over? [View article]
    Goldman's back to being Goldman again. Goldman CEO Blankfein bagged a $15 million compensation package on top of his 230% bump in salary to $2 million from $600,000. Many more can expect to at least double their base salaries of between $200,000 to $500,000 with this year's bonus despite economy. They are our Hosni Mubarak. When food stamps and social security fail to catch up with inflation, I hope the angry mob would be smart enough to show up at Wall Street rather than City Hall.
    Jan 31 09:35 AM | 12 Likes Like |Link to Comment
  • Obama's Loss Is the Economy's Gain [View article]
    This is the very first time someone has called me a leftist. I am as right wing a conservative as one can get. I believe in small government and minimum intrusion of government in most aspect of our lives.

    My parents escaped the brutality of communism to this beautiful country, and they reminded me and my siblings how fortunate we are almost every single day.

    However, I also believe our government failed to protect the citizens of the US in an ongoing slaughter of the middle class. If you cannot see that the disparity of wealth has grown to the magnitude that even the rich will suffer due to the diminishing buying power of the middle class. You must be blind.

    P.S.

    My right wing bio:

    LT - retired NYPD

    E5 / SGT - 1st Battalion, 69th Infantry Regiment.
    Sep 7 05:59 PM | 12 Likes Like |Link to Comment
  • Silver: Do Not Be Fooled - Lower Prices Ahead [View article]
    That can only happen in a worldwide depression like in the 70's when the world didn't try to print their way out of the doldrums. I think we are already knee deep in a worldwide depression which is masked by trillions of newly created debt.

    We got out of that depression in the 70's via the creation of credit cards/debts which was good money since the masses were relatively debt free. After 40 years, we face another depression caused largely due to the exhaustion of credit/debt and we are trying to get out of this one with more debts or bad money at this stage. I don't think it's going to work again.

    I think the world will need a lot of good collateral soon.
    Apr 28 09:38 AM | 11 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Cranky,

    What do you expect from a regime which openly stated Jon Corzine is the smartest financial oracle?
    Sep 13 09:13 AM | 10 Likes Like |Link to Comment
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