Is Tort Reform Overdue?

1974 Letter from a Season Ticket holder to the Cleveland Brown's Management 

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Reply from Brown's legal Council

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How Michele Bachmann Bought the Ames Straw Poll | Unelected.org

Ron Paul Actually Soundly Defeated Bachmann and the Rest.

With the Iowa straw poll over we get the results highly hyped by the media as a victory for Michele Bachmann.  Bachmann won by 152 votes.  But consider this.

Bachmann outspent Ron Paul by a factor of about 10.  Spending 10 times as much included about $180,000 for providing free tickets to a Randy Travis concert with one catch.  The recipient of the free ticket must vote in the Straw Poll first to obtain the ticket.  She gave out something over 6,000 tickets so a victory over Paul of 152 votes seems meaningless in actual terms of how the people really feel. 

Sort of reminds me of the political rally in the movie “Oh Brother Where Art Thou” complete with a midget in a cowboy outfit. 

It is my understanding the Bachmann spent around $1 Million dollars on this media circus.  This process is reminding me more and more of Rome near the end of its run.  See the link below.

How Michele Bachmann Bought the Ames Straw Poll | Unelected.org

Dylan Ratigan For President

Dylan is know for his rants but this latest one is a Jewel.  

Today's Thoughts

 "There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."  -John Maynard Keynes – (The Lavender Bolshevik ) speaking of monetary inflation

“It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.” - Warren Buffet- On gold

A man whom I much admire spent a lifetime and was awarded the Nobel Prize for his work in economics.  In order to understand economics one must also be a philosopher.  In order to succeed in this endeavor one must practice a moral self-discipline based on logic and reasoning.  Milton did this until he drew his last breath.  He was always the champion of self determination and always the first to defend liberty.  Too many fail to understand the inseparable relationship between man’s economic life and his liberty and freedom.  Milton did his best to spread the word in a manner even the common man could understand through a series of made for TV documentaries in 1980.  I doubt that many paid attention simply because of the condition in which we find ourselves over 30 years later.  Below I include Dr. Freidman’s words as best as I could transcribe for your consideration.  His words in quotations, mine in italics.

“The great depression was NOT a failure of private business but was produced by a failure government monetary policy. A  Failure of the Federal Reserve System to act in accordance with the intentions of those who established it.  It was a failure of the Federal Reserve, that despite the knowledge of many people in the system of the right course of action.
 

Why is the myth that private business caused the depression so prevalent?  The answer is simple; private enterprise has no press agent.  The Government has a great many press agents.  The Federal Reserve has a great many press agents.  Naturally, neither would ever 

admit nor claim that they had produced the great depression."

Herd's and the dangers of Following the Herd

With the volatility increasing in the market I think it approiate to remind everyone what panic and following the herd can lead to.  This picture is worth a thousand words.  Enjoy ..and ..  THINK.  

Technical Aspects of Market Failure

This is my analysis of what's happened so far in the current market decline.  The key was breaking the Neckline of this head and shoulder pattern at around 1260 on the S&P futures chart depicted here.  Classical failure of a neckline in these circumstances is for the decline to equal the distance from the Head to the Neckline.  That is about 125 points so one can subtract that from the point which the price broke the neckline for some idea of where a bottom my form.  That is around 1125 for the Mini futures.  Many times this marks the end of a trend. We have been in an up trend since early 2009 and had a similar market hiccup almost exactly 1 year ago.  The only difference technically is this one formed a clear H&S pattern.  Could this be the beginning of a trend change?  Very possibly this is the case.  Only time will tell,  However should this market manage to go up and penetrate that extended neckline now residing around 1265 it will have over come the failure and likely go on to make new highs.  Watching support, new resistance, volume and money flow will provide indications going forward.  Should be a very interesting Fall.

Click on chart to enlarge

AA+ Rating Not Low Enough

Peter Schiff says the U. S. debt is NOT risk free.  If that's the case then no State can be in any better shape nor can any Municipality.

Market Gap

Another test this time using YouTube.
It seems that uploading to YouTube first is the best way to publish a video here as the blur seems to be gone.
Any comments from the peanut gallery will be appreciated.  If this proves worth while I may do more screen captures maybe including some TA instruction type video.

This is all new to me so understand that 1. I have no clue what I'm doing and 2.  it's free.
At the bottom right of the video are four/4 arrows, if you click on that it will go to full screen and you can see the video much better.