The Truth : Doesn't Feel So Good

Jim Rogers telling it like it is one more time. Being one of those who is sound amidst this disaster I find myself angry like Jim. We should be able to buy the good assets that have been jeopardized by rapacious risk taking for pennies on the dollar now. The malinvestment will be washed out. That's how truly free markets work. It causes a lot of pain, and yes it can lead to a depression. However, I find that to be a more attractive alternative than continuously giving our rights over to a fascist/socialist system of credit whores.

http://www.cnbc.com/id/15840232?video=884476331

That said, I think the SSO, DDM, and QLD could catch a nice bounce off a selling climax. When that will be is a tough call. There's so much leverage coming out of the system at the same time; it makes this historical by any measure.

Campaign for Liberty

Dare I say: REVOLUTION!

CDS piece on 60 Minutes

The pompousness of Robert Pickel and his rising eyebrow is unbelievable. No mention of "Mother Merrill" getting rescued by Bank of America, or of the disappearance of SEC Rule 15c3-1 "Net Capital Rule." However, Steve Kroft still delivers a piece good enough for your grand parents to understand.



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A True Patriot

I'm completely distraught with what has just occurred in our government today. Cronyism dictates the fate of our policies. Fear tactics were invoked again in order for you to cede more of your rights over to a power hungry government. This is a financial Patriot Act, and they even took the time to load it up with even more pork than usual. In my opinion these people DO NOT represent anything more than their own self serving interests. This is a ONE party system that uses TWO factions in order to divide the American people against one another, while they pull the slide of hand; and casually place their foots on the throats of the American taxpayer.

While it now seems that the dumbing down of America is near completion. Central bankers the world over are kicking up their feet and lighting up the sweetest of hand rolled cigars, because they just scored the sweetest payday they could have ever imagined. They can't go broke. When you create money out of thin air you can't go broke. However, you can inflate; and then sit back and accrue the interest which will continue to compound in perpetuity it seems.