tag:blogger.com,1999:blog-7179384084412903332.post7915646049844323256..comments2023-07-14T07:39:33.346-07:00Comments on Gold Scents: LIVING IN AMERICA'S HANGOVERToby Connorhttp://www.blogger.com/profile/07774977275885524428noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-7179384084412903332.post-77517809702815883072010-04-07T09:16:13.402-07:002010-04-07T09:16:13.402-07:00I don't think we need to elect a bunch of Ron ...I don't think we need to elect a bunch of Ron Pauls, even if they did exist. How about simply turning the House of Representatives into a house of representatives?! Draw five names from a lottery, just like jury duty, and elect one via telephone. That person would serve one session, all expenses paid and current salary, and then return home to live with his neighbors and the results of his votes. No retirement, no campaigning, and no reason to accept bribes. If it can't be done because of current laws, the person would just resign at the end of the year and we'd elect another to take their place. I know it's too simplistic, but we need ordinary folks to help us do extraordinary deeds.Edward Ulysses Catehttp://GreatRedDragon.comnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-23771124924099980112010-04-07T06:29:44.519-07:002010-04-07T06:29:44.519-07:00Yes it would be great if we could elect a whole bu...Yes it would be great if we could elect a whole bunch of Ron Pauls.Toby Connorhttps://www.blogger.com/profile/07774977275885524428noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-63923001021085859722010-04-07T04:21:26.885-07:002010-04-07T04:21:26.885-07:00You are remiss in not excluding Ron Paul from your...You are remiss in not excluding Ron Paul from your call to throw out all incumbent politicians. I live in Australia where we have only one similar sensible Member of Parliament that is outspoken for commonsense, Bob Katter. We used to have another similar MP, Peter Andren, but he died recently. Both are Independents - do not belong to either major party.felix_fortunatushttps://www.blogger.com/profile/11303362614214588400noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-22839868354527890562010-04-07T03:50:40.496-07:002010-04-07T03:50:40.496-07:00History = His story. You want change? Believe Him,...History = His story. You want change? Believe Him, not just believe that He exists. That is, obey Him. In rejecting Him, that is, His Law, America has become a pagan nation. The mother's milk of paganism is pagan economics, the worship of Mammon. What is this worship in a nutshell? The belief that we can be rich without ever having to sweat and that the dollar will save us. How many have "bought" a second house with the expectation that they could flip it six months later for a cool 100K profit? This is as insane (and wicked) as bowing down (chanting, burning incense, etc.) before a piece of wood shaped to resemble a man. Jesus (yes, the Jesus of the bible, not the cream puff you are imagining) had a special hatred of moneychangers; that's why he turned their tables and drove them out with a whip. They will perish and those who follow them. Repent! And believe the Good News!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-45229950903269095782010-04-06T12:53:11.719-07:002010-04-06T12:53:11.719-07:00What is the difference between Obama's nationa...What is the difference between Obama's national credit card and a drunken teenage girl's credit card?<br /><br />Obama's has no apparent limit.facthttps://www.blogger.com/profile/06433718032259980514noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-21670020205756485292010-04-06T12:52:45.767-07:002010-04-06T12:52:45.767-07:00What is the difference between Obama's nationa...What is the difference between Obama's national credit card and a drunken teenage girl's credit card?<br /><br />Obama's has no apparent limit.facthttps://www.blogger.com/profile/06433718032259980514noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-67703194295366449842010-04-06T11:25:35.260-07:002010-04-06T11:25:35.260-07:00Lots of good comments, especially the one about th...Lots of good comments, especially the one about the founding fathers never intending for the U.S. to have a "career" political class. Term limits, pay limits, and significant changes to campaign finaning and lobying that lmiit the role of MNCs, unions, and other special interests. Check out the LA Times article about the CA pensions due that might be 8x bigger than official estimates.Tomnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-38413289162194104672010-04-06T08:19:18.720-07:002010-04-06T08:19:18.720-07:00HERE ARE THE GLOBAL PROBLEMS. THE VAST VOTING MAJO...HERE ARE THE GLOBAL PROBLEMS. THE VAST VOTING MAJORITY ARE EITHER ILLITERATE OR ALITERATE. IN A WAY YOU'RE PREACHING TO THE CONVERTED. THE INTERNET IS MARVELOUS BUT THE MAJORITY STILL WATCH PIFFLE ON TV OR READ DRIVEL AS TOUTED BY THE MAINSTREAM PRINT MEDIA. KEEP AT IT. WE KNOW THE PROBLEMS IT'S THE SOLUTION THAT ELUDES THIS SPECIES AS IT STUMBLES AROUND. BUY THE MONETARY METALS IF YOU CAN AFFORD THEM AND SMILE. THE GAMIN --- TU NE CEDE MALIS SED CONTRA AUDENTIOR ITO.ALGERNONhttps://www.blogger.com/profile/08412259769923781433noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-71241453135398776122010-04-06T03:16:31.304-07:002010-04-06T03:16:31.304-07:00I have not been calling for a top since March. I s...I have not been calling for a top since March. I said institutional money has been exiting since early March and no way in hell would I be short in a market like this. I've been suggesting to wait in cash for the correction and when it comes to buy into it.<br /><br />You might want to get your facts straight next time.Toby Connorhttps://www.blogger.com/profile/07774977275885524428noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-87853827247071214072010-04-06T01:44:00.705-07:002010-04-06T01:44:00.705-07:00I'm not impressed with your calls Toby. You ha...I'm not impressed with your calls Toby. You have been calling a market top since the first week of march and the Dow is up 350 points since then. The market can be wrong for longer than you can remain solvent if you shorted and i'm now logging out. Bye!Jimbonoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-67936542440128106352010-04-05T20:41:05.152-07:002010-04-05T20:41:05.152-07:00phybrr: If, somehow, Toby being 100% correct depe...phybrr: If, somehow, Toby being 100% correct depends on us "living in a capitalist society", then, Toby is NOT 100% correct. <br /><br />Yeah, we can "all guess" about a lot of stuff. Doesn't mean either: 1) there would be consensus or agreement or 2) anybody would get it right.<br /><br />I used to work for a guy who would say: Don't "think", don't "guess"! Either you know, or you don't. If you know, tell what you know, when relevant. If you don't know, stf up. He was a little hard to take sometimes, but his business was v. successful.<br /><br />Like you, I'm not very happy about the themes you highlight. And I concur that they are important themes.Unknownhttps://www.blogger.com/profile/11499111402609826157noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-38887651063792383712010-04-05T18:36:26.363-07:002010-04-05T18:36:26.363-07:00Toby's other comment about one term congressme...Toby's other comment about one term congressmen hits the nail on the head.<br /><br />This bailout fiasco and most of all the fraud perpetuated by congress is caused by the #1<br />goal by them which is to get re-elected. <br />Nothing can compete with the millions lobbyist provide for campaigns. <br /><br />Our founders never intended a job in congress to be a live long career. Since it is, they have voted themselves lavish pay, pensions, healthcare etc. that no ordinary citizen enjoys.phybrrhttps://www.blogger.com/profile/14459937722499151212noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-78871348222041474182010-04-05T18:26:02.076-07:002010-04-05T18:26:02.076-07:00Do we not live in a capitalistic society? Then To...Do we not live in a capitalistic society? Then Toby is 100% correct.<br /><br />We can all guess what might have happen without the bailouts. But what gives the gov the right to interfere with the supposedly free markets?<br /><br />When the fascist government goes aids those who speculated at the expense of all others then then chaos results. We no longer live in a democracy or more accurately a republic.phybrrhttps://www.blogger.com/profile/14459937722499151212noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-7343833871550441942010-04-05T17:08:41.701-07:002010-04-05T17:08:41.701-07:00Toby is confused, here, I think.
For an appraiser ...Toby is confused, here, I think.<br />For an appraiser to look at the comps to set value is not a crime.<br />For a homeowner to take equity for a hummer is not a crime.<br /><br />The Fed has, over the weekend, admitted to loans and buy-outs which are not permitted under law. i.e. they broke the law.<br /><br />So did certain banks, brokerages, insurance companies. Primarily, in these cases, thru fraud. <br /><br />The FACT that the banking and securities (and reporting) laws are not being enforced excuses neither the criminals not muddled analysts.<br /><br />Yup, many categories of folks participated; most of them did NOT commit felonies, under the law. Where there is ample evidence of crime, the alleged perps should be prosecuted, Toby. <br /><br />That's at least PART of the best way to get things cleaned up. <br /><br />Why isn't it happening?<br /><br />"The pump won't work 'cause the vandals took the handle." <br /><br />And, they seem to be running the government and the "enforcement" agencies, too. <br /><br />PokerBrat---I like your style; you don't feel qualified to judge the bailout and you say so. <br />BUT, Then you go on as an authority about what would have happened w/out the bailout. <br /><br />Doesn't compute.<br />I call. <br />That hand won't win in this game.<br />Get real, yourself.Unknownhttps://www.blogger.com/profile/11499111402609826157noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-50247624642173057572010-04-05T14:43:57.839-07:002010-04-05T14:43:57.839-07:00The thing is banks have been going out of busness ...The thing is banks have been going out of busness since the beginning of time. The world would not have come to an end anymore than any other time in history. <br /><br />It was a nice scare tactic they hoodwinked us with but none of it was true.<br /><br />Yes the economy would have sunk into a depression. Eventually it's going to anyway, only now it's going to be much worse.<br /><br />The US sank into a depression in 1920, many banks went under. You want to know why no one remembers it? Because the people in power just let the market run its course. The depression lasted less than a year and then we were back on our way up.<br /><br />All this meddling is just making the problem bigger and bigger. The next time everything collapses we have no more bullets to shoot. So is it really better to create a much bigger problem down the road just so we can avoid some short term pain now? That's what we did in 02 and look what it got us.<br /><br />History is pretty clear that the wisest and shortest course of action is to just take our medicine and get it over with. The pain, while intense, will be brief and the future will be much brighter with a lot less chance of a major war with it's attendant loss of human life.<br /><br />Ask the mother or father whose child is killed in a war that could have been avoided, if they would have prefered to just suffer the brief economic pain in exchange for thier children living a full life?Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-80115818748505354572010-04-05T14:30:47.785-07:002010-04-05T14:30:47.785-07:00Well, it's easy to say that we shouldn't h...Well, it's easy to say that we shouldn't have bailed out the banks, but would you want to be the politician that allowed the financial system to collapse and faced a depression like in the 30s?<br /><br />In the UK we were apparently very close to the banks not being able to pay out cash from the debit machines. can you imagine the run on the banking system that would have happened then?<br /><br />Now, I don't know if the bailout was the right thing to do as I am not an economist.<br /><br />But what I do know is that it is easy to make these statements in the blogosphere when you have no responsibility for anything other than yourself.<br /><br />Faced with that situation are you really telling me that you would go in front of the country and tell them that they had to go through a collapse of the financial system, not be able to get their money out of the banks, and lose all their investment in the housing market and their 401's so that the economy could correct properly?<br /><br />You would need pretty big balls for that my friend. And you wouldn't be in power long enough to make it happen in any case.<br /><br />It's too easy to be an armchair politician. People need to get real.PokerBratnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-86007907269844130192010-04-05T14:02:20.643-07:002010-04-05T14:02:20.643-07:00Agreed!Agreed!Anonymoushttps://www.blogger.com/profile/05151794956874500421noreply@blogger.com