Schiff has some problems in his arguments, but overall correct.
Here
is the answer, start with a 40% reduction of all government at every
level, give them training in how to build factories, and then have them
build those factories, and then when they are built, have them work in
those factories, to make product that Americans need to buy, made in
America by real public servants. Build hydro, build wind, build solar,
build computer stuffs, build infrastructure that makes us stronger.
Not idiotic investments in stupid a** solar companies that go bankrupt
in a handful of years.
And the military in 150 of so countries,
bring them all home in stages within 5 years, and let the world know,
will can no longer be their police, nor their economic hit man as the
case may sometimes be, and that to a great extent we will be self
sufficient except if those commie bastards try to screw us too badly on
the rare earth minerals until we can get our own production up, and if
they do, just tell them that we will take it. And we can, so don’t
woos out on taking a stand on this.
Besides greedy self serving
“public servants” controlled by lobbying interests, besides that litlle
impediment, what could be wrong with this plan? Keep it simple
stupid. Reward hard work, reward innovation, reward those who follow
the rule of law. Make lobbying illegal, totally. Instantly revert
goverment salaries to be 10% less than an outside private sector salary.
Restore the constitution and head toward only the government that is
specified in the constitution, fail to the low side, and bring back
critical function only when they are screaming obvious that those
services are really needed.
If you don’t speak english, you
have 18 months to learn, or you leave the country. Yes, there will a
standard test. If you are illegally here, you will leave the country
regardless, do it in those same 18 months before you are prosecuted by
being put in a forced labor camp for 3 years (making our factories),
then deported.
OK who would vote for that?
Looks like a bear flag forming right now, so there could be another drop into the close or tomorrow morning? The thing that worries me about the bear case here is the light volume (which usually favors the bulls) and the fact that Bernanke speaks tomorrow. The markets tend wait in “pause” mode until after he speaks and then pick a direction. Meaning the drop from the bear flag might not be too low.
Open all the man-made Borders of this world. Let Demand and Supply rule take care of everything. No more protectionism.
Schiff has some problems in his arguments, but overall correct.
Here
is the answer, start with a 40% reduction of all government at every
level, give them training in how to build factories, and then have them
build those factories, and then when they are built, have them work in
those factories, to make product that Americans need to buy, made in
America by real public servants. Build hydro, build wind, build solar,
build computer stuffs, build infrastructure that makes us stronger.
Not idiotic investments in stupid a** solar companies that go bankrupt
in a handful of years.
And the military in 150 of so countries,
bring them all home in stages within 5 years, and let the world know,
will can no longer be their police, nor their economic hit man as the
case may sometimes be, and that to a great extent we will be self
sufficient except if those commie bastards try to screw us too badly on
the rare earth minerals until we can get our own production up, and if
they do, just tell them that we will take it. And we can, so don’t
woos out on taking a stand on this.
Besides greedy self serving
“public servants” controlled by lobbying interests, besides that litlle
impediment, what could be wrong with this plan? Keep it simple
stupid. Reward hard work, reward innovation, reward those who follow
the rule of law. Make lobbying illegal, totally. Instantly revert
goverment salaries to be 10% less than an outside private sector salary.
Restore the constitution and head toward only the government that is
specified in the constitution, fail to the low side, and bring back
critical function only when they are screaming obvious that those
services are really needed.
If you don’t speak english, you
have 18 months to learn, or you leave the country. Yes, there will a
standard test. If you are illegally here, you will leave the country
regardless, do it in those same 18 months before you are prosecuted by
being put in a forced labor camp for 3 years (making our factories),
then deported.
OK who would vote for that?
For Peter Schiff fans……Congressional testimony. Great stuff:
http://www.zerohedge.com/news/peter-schiff-obamanomics-there-are-not-enough-open-minds-capitol-keep-ship-sinking
Here’s another important development:
http://www.cnbc.com/id/44588239
China halts FX swaps with Europe. Whoops.
USO Breaks support line : http://niftychartsandpatterns.blogspot.com/2011/09/us-oil-breakdown.html
We might get a drop in the morning GL, but I think tomorrow they will rally it up and close nicely positive.
Closed out 70% of my shorts at 1204.5 Will keep 30% short for tomorrow morning. Made some chump change but yet left some money on the table
AAPL Resistance line: http://niftychartsandpatterns.blogspot.com/2011/09/apple-moving-towards-resistance-line.html
Looks like a bear flag forming right now, so there could be another drop into the close or tomorrow morning? The thing that worries me about the bear case here is the light volume (which usually favors the bulls) and the fact that Bernanke speaks tomorrow. The markets tend wait in “pause” mode until after he speaks and then pick a direction. Meaning the drop from the bear flag might not be too low.
Going short here . Back to 90% short 1198