"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat
Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput
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Unleaded Gasoline continues to charge higher
Curse those evil speculators! Watch out, Bart Chilton and Nancy Pelosi are fired up!! (but first ol' Bart needs to get his palm greased by the bullion bank cartel, and Nancy needs to buy a shitload of stock and options on her latest insider trade to pay for her botox treatments).
ReplyDeleteWhat sort of message do we want to “send” to our children?
ReplyDeleteWhen JFK said in Berlin that we are all Berliners now, is that the message that we are getting from our Central Banks? That we are all speculators now? And the cruel truth is that speculation on the Comex is a zero sum game. There is a winner and a loser. There is no building of a future with some sort of common goal; this is what everyone expects from “America” – what you so proudly – and rightfully so – call “American Knowhow”. Something that others have coined, “Just do it!”, and yet others have written about, “In Search of Excellence”.
Mervyn King (Bank of England) spoke several years ago about separating banks – too big to fail – from their depositors’ money – perhaps difficult to do. We need ideas, I personally like what pope Benedict has to say about the economy. In a nutshell he says that the Person should be at the center of the economy and not profits first. Meaning program trading, or computer algorithms, while generating profits for some may have undesired affects and affect in a negative way the Common Good. When I go to my banker to discuss a personal project, if he approves it, I get the finances to accomplish my goal which has a ripple effect beneficially affecting others. It is on a Person to Person level that we generate jobs which create wealth which organizes the economy, and with good social benefits.
Speculation, mea culpa, although based on knowledge – and perhaps sometimes of an advantageous kind – is very individualistic and not necessarily social in nature. At the same time I find great value in sharing of ideas and thoughts provoked by our ongoing crisis. Personally I would be quite happy if we could distance ourselves from the practice of “Robbing Peter to pay Paul”.
Wow Tom,
ReplyDeleteWhat a mouthful. IMHO, the central planners, central bankers, central governments, state governments are all telling us what we need to do, how we need to do it, and are loading the deck. I, myself, know this is not America, where hard work capitalism, and self determination against all odds with a belief in god's soverignty, are what built this country. If they(Progressive Socialists) are going to "steal" my money, then they are in for a fight. I believe that yes, winners and losers, but when the game is stacked by a bunch of Totalitarians, I am not playing. I am going to protect my wealth by every means possible. We are being ruled by Socialists, Globalists, Progressives. Nancy is a "LIAR", period. This whole regime is ready for a fall. If not, this country is in a state of "denial" and we will become the next over populated welfare state. Before you can take capitalism out of this country, there will be much civil strife, and potentially another civil war. I know which side I am on, and it is not Nancy, Harry and our new King.
On King World News, Andrew Maguire – insightful interview.
ReplyDeleteYou know when a game is fixed at every level, eventually you pick up your marbles and go elsewhere. These guys left a footprint behind, for everyone to see. Do you remember “The Whole World’s Watching”? - the chant from Chicago. Thanks to all of you, Dan and friends, to allow information to seep out. It is one thing to be able to “see it” in the markets (price movements) – it is quite another thing to get other people interested! But they should be because as any boat owner will know, when the water level is up [increased liquidity] you can’t see the rocks anymore which are now just under the waterline!
One thing is sure. Fuel prices will continue to rise due to world events unfolding right now.
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