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You know in this job, its hard not to become incredibly cynical and even (dare I say it?) “conspiracy minded.” But when you see some of the actions of the people in power, both at the political and financial levers (Congress/POTUS and the Fed, along with the NY Banking Axis), one wants to cry out in frustration.
It’s a helpless feeling, like being a powerful swimmer encumbered by a straight jacket. Let me tell you this straight — anyone in business, no matter their political distinction, can tell you what makes businesses work and what encumbers them.
What makes businesses work, what makes businesses hire is the ability to plan. It’s a simple as that. Successful people in business are both smart and economically (not necessarily politically) conservative. If they are given a set of parameters to work with, no matter how onerous — they will eventually figure out a way to make money around them.
It’s only when the parameters are largely unknown — thanks to a tidal wave of government interference like we’ve seen in succession with Obamacare and the Dodd-Frank “reforms” recently enacted– that business people are left without the ability to plan for the future, and are thus frozen. Stephen L. Carter wrote a great article about this in Bloomberg recently, you should read it.
So now we are reaping the result of a frozen private sector and a gradually starving public sector (there will be no new government jobs out of the states, either, now that Stimulus is done). So what’s the answer from Ben & Co?
Destroy the Dollar, one more time.
This is why I’m still in PM’s despite their hinky motions over the last couple of days. Maybe we get a dollar bounce at the lows again, I don’t know. But they are killing it today, and who can blame them?
What choice have they, under current circumstances?
My best to you all — and please, don’t just give up… Get involved! You may not like Paul Ryan’s “Path to Prosperity,” but dammit all, at least he’s offering solutions.
C’mon intelligent people of the world, we need to put our heads together now, our countr(ies) need us.
Best to you all.
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Here’s another great article on the subject, this one “taking it to” Paul Ryan a little bit.
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paul ryan vows to continue kevorkians work
The miners are lagging again yet hanging in there.
I don’t always understand why sometimes they correlate with the physical and sometimes not.
Not when I really want them too, lol.
They are a bitch, collectively.
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Crazy bitchez. Mine don’t move up with gold but they sure move down when it fades.
JG, when do you think the miners will be “realized” as undervalued???
Get some sugar while you’re looking around…. IPSU….
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In my opinion, a great start to a solution would be Ron Paul/Bernie Sanders 2012 ticket. These two gentlemen are not afraid to stop this bullshit.
huge mistake. NOT BERNIE SANDERS
all hail the kevorkian
can never understand how he let his hot ex wife go.
Senator Gint,
Here is your restored Republic, if you can keep it.
http://dev.republicoftheunitedstates.org/
This is what I was left hanging on a few posts back. Is this for real?
http://www.youtube.com/watch?v=57UJmlj5BgI
It is, sir. DeJure courts are back in town, after disappearing for 150 years.
Also, if you’re feeling particularly conspiracy minded: google a bunch of the stuff this crazy lady has to say. Unfortunately she weaves in a couple implicationary errors, but it is interesting to learn and dig in what she’s saying. For example, have you ever heard that 42 members of the house of lords are decendents of the “Plantagenet” bloodline? Neither did I. Did you know that the first campaign contributors to Obama was the Rothschilds via a $500 million dollar contribution? (Almost exactly at the 1 hour mark) http://www.youtube.com/watch?v=DBLxJXy-XfA
It does seem to make sense. They own the central bank, and to increase debt burdens, it would be beneficial to them to ramp up US debt-loads and continue or grow inflationary war-time spending.
Jake,
What do you think of JO (coffee etn) here? volume sucks but that looks like a IT decline.
thanks
I would rather buy CAFE to mitigate the rollover risk, but the volume sucks on CAFE.
I like exposure to coffee… and sugar.
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Should I buy a dunkin’ donuts franchise?
Some Marxist won the vote in Peru.
You know how that is going to turn out.
The miners don’ t like it.
http://247wallst.com/2011/06/06/commodities-focus-as-nationalist-win-in-peru-sends-chills-to-miners-bhp-nem-paas-tck-abx-gg-xsray-aauky-fcx/
That’s so damn sad.
What the hell is wrong w. South America? Just because they hated that Japanese guy, they are going to turn back to state slavery and endemic poverty all over again?
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US interventionist fuckery over the years has been misinterpreted as free-market = bad. Look at how Argentina for example, misplaced its faith in self-titled capitalists (giving away their oil infrastructure at pennies on the dollar as an example). They all no that what they don’t want is a repeat of that. Their trust has been absolutely broken as they watched their kids starve. No of course it wasn’t truly a free market that destroyed them, but that’s what it was called.
know