The Doorbell is Ringing

Never and I mean NEVER give a monkey a gun

Understand the Delphi Technique

Beware the Delphi Technique

Political Correctness is Cultural Marxism (Part III) : speech by William Lind « The New Anti-Jacobin

Certainly something to think about!  Most of the current wave of socialism has at it's roots the Frankfurt School and lessons the Marxist learned during WW1.

Political Correctness is Cultural Marxism (Part III) : speech by William Lind « The New Anti-Jacobin

Ron Paul Interview

I've been pretty inactive lately with the blog thing mainly because not that much has really peaked my interest as congress grinds out the same old crap on the Debt problems.


As far as the market goes it's just up and then up some more as they try to suck more people into the pen for the slaughter eventually but that's another story.


Somehow I got this link to a Ron Paul video which I think is enlightening and informative so I will urge you all to watch it.  It's in three segments about 12 minutes each so it does take some time but with elections beginning to get closer I would put a plug in for Dr. Paul.  He brings to the table something I cannot say with any confidence the other candidates bring and that is honesty and morality coupled with common sense and an in depth understanding of how an economy works.


Granted if all his policies were to be put in place it would cause some hardship BUT, if we continue down the road we are on, the hardship is coming any way, and kicking the can down the road as has been the case for well over 40 years the hardship will be far greater than we can imagine. There has come a time for us to stop voting for the political "rock stars" and put a patriot at the helm, who believes in the Constitution and means it, rather that the polished professional bureaucratic America seems to fall in love with every election cycle.


In this video he talks a lot about the currency and debt. I know that can be a boring subject but pay special attention about 10 minutes into video one where he talks about simply not paying the debt the US government has to the Federal Reserve. That would free up 1.6 trillion $$ instantly.


The US government has defaulted on it debt at least 5 times in our past so from a historic point of view, all this drama being used by the politicians ensconced in positions of power, is little more that noise from the idiots in Washington. News flash: They don't intend to pay the debt and never have, so let's just clear the air over that issue and put the nation back on the road to viability for the people of this nation and not simply to serve the politico's and their corporate "handlers.


For a little further explanation on what stiffing the FED would mean I include a link (here) to a very good article By Robert Murphy at the Mises Institute.

Happy 4th of July

Holidays are always fun and enjoyable.  Sometimes, we get so involved in the celebration that we forget about the actual reason for celebration.  Today I include a copy of the Declaration that set the country in motion and urge everyone to read the entire document.  It won't take but a few minutes so go ahead and look it over and reflect what the words say and mean.  It is after all the basis of our freedom and independence.

Now more that ever, it is imperative every American have some understanding of the actual role of government.  As you read this you can see it was never intended for government to "take care of you" but rather act by consent of the people to protect our basic right as citizens so that we might as individuals act in our own best interest in order to prosper individually thereby thereby creating a good for the whole.  The power the government has comes from the consent of the governed.  Remember that the next time you vote.  

Government demands Keys to your Home

The citizens of Cedar Falls Iowa made a good argument before their City Council against the City mandating “lock Boxes” containing all entry keys being required outside all commercial property and apartment buildings containing three or more Units.  The Council Ignored the concerns both moral and Constitutional and voted Monday night to pass the ordinance.  They say it’s necessary for the fire department to have immediate access.

http://wcfcourier.com/news/local/article_64b970a2-9624-11e0-93e5-001cc4c002e0.html

This is being done in towns and cities across the nation in the name of safety, but this surely should bring this constitutional issue front and center as more and more rights of the citizen are being eroded before our very eyes

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How long will it take to encompass all structures including private residences?

One point I did not hear raised at the meeting was that it only included apartments in buildings with more than two units.  It did not include duplex or single family dwellings.   If this is intended to protect citizens why differentiate between apartments and single family dwellings?   Are the rights of the lower class who cannot afford to own their residence less entitled to protections under the Constitution?  Or are the more wealthy property owners of single family or duplex residences less entitled to this level of “protection”

Don’t know about you, but I am already concerned, and seeing things like the blatant violation of Constitutional rights by local officials cause downright fear for my safety.    

Are the Markets Reaching a Turning Point?

  Since its been a while from my last posting I thought I would put up a chart or the S&P E-mini and express my thoughts about what’s going on now in the Markets.  

  All those horizontal lines in the chart represent Fibonacci points based on the wave one of the S&P emini (ES) in 2002.  To complicated to explain here but sometimes I use the S&P Fib based on the wave 1 from the 1929 crash so these factors are basically one fib series extended harmonically to produce support and resistance points into the future based on Fibonacci numbers of major events.  so there.

  The big red line is a major support/resistance point.  This daily chart shows the ES blowing through this like a knife through butter, upwards at the first of this year then coming back to test that point in March producing a low.  Then 3 waves up to make a high, and then the confusion down, sideways and a pretty good collapse.  this down move to test the March low of 1241.25 is either completed or is still testing.  The price came down to that major support and price got to 1259.50 stopping just short of the Fib line at 1259.43.  Missing it by .07 cents and is now bouncing.  The ES closed today dead on the 9 SMA (red MA line) so it can be anyones guess as to what it's likely to do over the next few days but if this is to continue downward a solid test of the March low will be necessary.

  Also (not depicted) the bottom of a regression channel from the March of 09 low is around 1244-1250 So in a continued down move that will be a target.  Bottom line is we have to break through that fib line at 1259.43 to extend this test of the low.  I would be very careful here as this could be the end of the down move for the time being.  Any speculation on direction at this point for me is simply a guess with no indication either way.  So, I guess it would depend on the news and action in Europe.  If money pours into the USD and it keeps going up then the markets will keep moving down otherwise a move to new highs.

  There is one other possibility in the future, and that would re-link the USD to the market and they move in unison but that's for later.  For now the inverse relationship in the dollar and the markets simply means the value of the dollar is dropping and the value in the market is actually holding its own but since the price is expressed in dollars it will naturally go higher.  The value in the markets may be actually down or even, if expressed in other currencies.

Oh, I forgot to add:  The red vertical line running through yesterday's candle is a Fibonacci Time extension taken from October 07 (When this mess really started) to the March 09 low.  That line is the 161.8% point which is also a Major Fib point for trend changes.  I find it interesting that this point in time coincides with Martin Armstrong's end and beginning of, a new 8.6 year wave on his count. 


                                                Click on chart to enlarge