During this season of joy and wonder, ponder another glistening ornament on
the Christmas tree of political philosophy:
8. Liberalism breeds hatred. First of all, liberalism pits one class of
citizens against another. It especially fosters hatred, envy, and
covetousness toward the successful rather than admiration and inspiration.
And liberalism breeds an attitude of entitlement among the slothful.
Bitterness filters down in an organization too. I ask you to consider how
you are treated by government employees such as those behind the counter at
the Post Office or tax office compared to most for-profit business. In which
setting are you more likely to get more personal warmth and upbeat, caring
service? Perhaps related to this in some way, liberalism also often
discourages faith in God or creates new gods suitable to a pre-conceived
ideology. (Helpful book: Godless: The Church of Liberalism, by Ann Coulter.)
********************
Merry Christmas.
No Surrender!
Dionysus
ROTFLMAO!!!
> 8. Liberalism breeds hatred. First of all, liberalism pits one class of
> citizens against another.
Somehow it seems to you to be okay when the rich oppress the poor, but when
the poor stand up for themselves, you think that is a bad thing.
> It especially fosters hatred, envy, and covetousness toward the successful
> rather than admiration and inspiration.
Successful thieves and tyrants should not be admired.
> And liberalism breeds an attitude of entitlement among the slothful.
It is of course the rich who are idle and live off the labor of others.
Those who do the most work get paid the least and those who do nothing get
multi-million dollar bonuses.
> Bitterness filters down in an organization too. I ask you to consider how
> you are treated by government employees such as those behind the counter at
> the Post Office or tax office compared to most for-profit business. In which
> setting are you more likely to get more personal warmth and upbeat, caring
> service?
Don't get out much, do you?
> Perhaps related to this in some way, liberalism also often discourages
> faith in God or creates new gods suitable to a pre-conceived ideology.
Coming from someone who just cannot get past the worship of the Almighty
Dollar.
--
Lars Eighner <http://larseighner.com/> Warbama's Afghaninam day: 19
475.6 hours since Warbama declared Viet Nam II.
Warbama: An LBJ for the Twenty-First century. No hope. No change.
You still lie
>
>> And liberalism breeds an attitude of entitlement among the slothful.
>
> It is of course the rich who are idle and live off the labor of others.
> Those who do the most work get paid the least and those who do nothing get
> multi-million dollar bonuses.
You continue to lie
>
>> Bitterness filters down in an organization too. I ask you to consider how
>> you are treated by government employees such as those behind the counter
>> at
>> the Post Office or tax office compared to most for-profit business. In
>> which
>> setting are you more likely to get more personal warmth and upbeat,
>> caring
>> service?
>
> Don't get out much, do you?
Liar
>> Perhaps related to this in some way, liberalism also often discourages
>> faith in God or creates new gods suitable to a pre-conceived ideology.
>
> Coming from someone who just cannot get past the worship of the Almighty
> Dollar.
Liar, liar...pants on fire.
Merry Christmas.
No Surrender!
Dionysus
>
http://www.etfguide.com/research/247/8/Is-The-Market-Rigged?/
Is The Market Rigged?
By, Simon Maierhofer
Dec 18, 2009
We are living in unique times. In fact, the market’s performance has
been so “unique” that many believe the market is being manipulated.
This may sound absurd if it wasn’t for an executive order Ronald
Reagan put into place, designed to manipulate the stock market.
The government is pumping trillions of dollars into the economy in an
effort to jump start business activity. Banks (NYSEArca: KBE)
gratefully take the money and either horde it or buy government
treasuries with short (NYSEArca: SHY) and long-term maturities
(NYSEArca: TLT).
Real estate prices are still falling, unemployment
is sky-high, consumer spending is down and corporate profits are
nowhere near to last year’s levels.
The only thing that provides
comfort for the masses is rising stock prices. The S&P 500 (SNP:
GSPC), Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC) have gained in
excess of 65% in less than ten months against a backdrop of
continuously less than stellar news. The government, banks and other
financial institutions (NYSEArca: XLF) have a vested interest in
rising stock prices.
Things would look grim if it wasn’t for the hope
provided by the Dow and S&P’s of the world. But more than hope is at
stake. Another drop in investor's perception would send real estate
(NYSEArca: IYR) and equity prices (NYSEArca: IWV) tumbling. It could
also push many financial institutions to the brink of ruin and
discredit all government efforts.
Looking at what’s at stake and the
motivations involved, could it be that some of the big players are
manipulating the market to keep prices artificially afloat?
A big
surprise
Don’t you hate it when juicy news is making its rounds but
you are kept out of the loop? Welcome to the club. Already back in
1988, Ronald Reagan signed an executive order to establish a specific
committee designed to prevent major market collapses.
As per this
order, the Secretary of the Treasury, the chairman of the Federal
Reserve, the chairman of the SEC and the chairman of the commodity
futures trading commission make up the core of this team. By
extension, major financial institutions like JP Morgan Chase and
Goldman Sachs are used to execute their orders.
The existence of this
team is said to have been confirmed by former Clinton advisor George
Stephanopoulos on Good Morning America. Last year, former Treasury
Secretary Hank Paulson called for this “financial fraternity” to meet
with greater frequency and set up a command center at the U.S.
Treasury designed to track global markets and serve as headquarter for
the next crisis.
There is much more to this unique arrangement
designed to keep a lid an potential market meltdowns and use major
Wall Street firms as marionettes to accomplish this goal. A detailed
report about this secret team is available in the most recent issue of
the ETF Profit Strategy Newsletter.
Buoy the market, how?
Supply and
demand drives prices. Where the demand comes from does not matter. In
emergency situations, the Federal Reserve is said to lend money to
major banks, which serve as surrogates who will take the money and buy
markets, predominantly futures, through large unknown accounts.
The
timing of those buys will be such that those shorting the market will
be forced to buy back shares. In theory, this eliminates the most
pessimistic investors and causes others to buy. Soon sideline money
from mutual and hedge funds comes in and the rally gathers a life of
its own.
In Government Sachs we trust
One of the obvious suspects to
serve as surrogate and carry out the government’s plan would be
Goldman Sachs (NYSE: GS). For years, the ties between the U.S.
government and Sachs have been too close for comfort. Earlier this
year the ETF Profit Strategy Newsletter touched on a case of
“indiscretion” which never received much publicity.
Stephen
Friedman, the chairman of the New York fed was instrumental in
orchestrating the multi-billion bailout for Goldman and AIG. AIG
(NYSEArca: AIG) used nearly $10 billion of the initial $85 billion to
pay Goldman.
Chairman of the New York Fed was not the only title Mr.
Friedman held. He also happened to be on Goldman’s board during that
time and was Goldman’s CEO in the 1990s. Also during that time, Mr.
Friedman was actively buying Goldman stock and generated profits worth
millions of dollars.
Other ties between government and Sachs include
Hank Paulson, former Secretary of the Treasury and former Goldman CEO.
When Mr. Paulson needed someone to oversee see the government’s first
$700 billion bailout, Paulson recruited an inexperience, 35-year old,
former Goldman investment banker. The list continues, but we’ll stop
here.
A record winning streak and no taxes
The Financial Times
reported that Goldman Sachs suffered only one losing day during the 65
business days of the third quarter. On 36 separate days during the
quarter, the firm’s trades netted more than $100 million.
In
addition, Bloomberg reported that Goldman Sachs’ effective income tax
rate for 2008 was 1%. In dollars, Goldman’s tax liability was $14
million. For the same year, Goldman reported a $2.3 billion profit and
paid out $10.9 billion in bonuses.
One could argue that a record of
90%+ winning trades and a 1% tax rate could only be accomplished with
certain connections to high-ranking government personnel.
Too good to
be true
The notion that prices can be inflated artificially makes
sense and sounds good in theory. Based on the evidence, this kind of
maneuvering even seems to be more common than we think.
But a simple
look at the chart shows that even the government and big banks do not
have superhuman powers, at least not unconditionally.
In 2000, 2002,
2008 and 2009, the major indexes a la S&P 500 (NYSEArca: SPY), Dow
Jones (NYSEArca: DIA) and Nasdaq (Nasdaq: QQQQ) declined 30% or more.
It is now known, as it was back then, that the nation’s most powerful
financiers got together on October 24, 1929 to prevent a major
meltdown. Their plan succeeded on that very day which came to be known
as Black Thursday. The recovery on Black Thursday was as remarkable as
the selling that made it so Black.
On Friday, the Times reported that
the financial community felt “secure in the knowledge that the most
powerful banks in the country stood ready to prevent a recurrence of
panic.” In a concerted advertising campaign in Monday’s papers, stock
market firms urged to pick stocks at bargain prices. The rest is
history and the Great Depression unfolded in all its cruel ways.
On
of the flaws of artificial buying is that all the money used to buy
stocks will eventually have to be taken out. As we know, banks are not
immune to greed and once prices start declining, banks are likely to
be the first to cut their losses and flee the sinking ship.
There are
limits
In summary, we can conclude that there seems to be an
organized committee with the job description of lifting markets. Quite
likely, their efforts have contributed to the protracted rally in
stock prices. However, as we’ve seen, the market is too wild to be
contained. Normal market forces still apply.
One of those age-old
forces is investor sentiment, possibly the best known and most
accurate contrarian indicator around. Extreme levels of pessimism tend
to signal market bottoms while extreme levels of optimism tend to
signal tops.
The ETF Profit Strategy Newsletter used this contrarian
indicator as a foundation to issue the March 2nd Trend Change Alert
which foretold a massive rally with a target range of Dow 9,000 –
10,000 a mere seven days before the March lows were reached.
Now once
again, we see an extreme of investor sentiment – this time it’s
optimism. According to the Investors Intelligence survey, this week
saw the highest percentage of bulls since December 2007.
More
importantly, the major indexes are butting up against levels of
resistance that have been years, even decades in the making. Those
different resistance levels converge in the Dow 10,100 – Dow 10,500
range, which is the very range the Dow has been stuck in for over
three months.
The ETF Profit Strategy Newsletter includes an analysis
of predominant, and probably formidable, levels of resistance along
with a short, mid and long-term forecast, and a target range for the
ultimate market bottom. If history is a guide, and it usually is, the
market will do what it wants, regardless of the government’s efforts.
The question is this: Who are you putting your trust in, the market
or big banks?
Pitiful, Denis, even for a fifth grade girl.
> In our last episode, <NeydnapwY_-wRrLW...@giganews.com>, the
> lovely and talented Dionysus broadcast on alt.politics:
>
> > 8. Liberalism breeds hatred. First of all, liberalism pits one class of
> > citizens against another.
>
> Somehow it seems to you to be okay when the rich oppress the poor, but when
> the poor stand up for themselves, you think that is a bad thing.
HTF do the rich oppress the poor? There are only two reasons you should
be poor in a great country like ours: you are too stupid to make a
living, or your are lazy. The latter is likely the cause.
> > It especially fosters hatred, envy, and covetousness toward the successful
> > rather than admiration and inspiration.
>
> Successful thieves and tyrants should not be admired.
>
> > And liberalism breeds an attitude of entitlement among the slothful.
>
> It is of course the rich who are idle and live off the labor of others.
> Those who do the most work get paid the least and those who do nothing get
> multi-million dollar bonuses.
Those who "do nothing" provide jobs, benefits and a way of living for
those who supposedly do the most. They build our cities with large
buildings, donate to charity, and drive the market where most of our
retirement packages sit.
--
Barock Insane Obama: The greatest joke America ever played on itself.
> In article <slrnhivnod....@debranded.larseighner.com>,
> Lars Eighner <use...@larseighner.com> wrote:
>> In our last episode, <NeydnapwY_-wRrLW...@giganews.com>, the
>> lovely and talented Dionysus broadcast on alt.politics:
>>
>> > 8. Liberalism breeds hatred. First of all, liberalism pits one class of
>> > citizens against another.
>>
>> Somehow it seems to you to be okay when the rich oppress the poor, but when
>> the poor stand up for themselves, you think that is a bad thing.
> HTF do the rich oppress the poor? There are only two reasons you should
> be poor in a great country like ours: you are too stupid to make a
> living, or your are lazy. The latter is likely the cause.
So you were born on third base and think you have hit a triple.
--
Lars Eighner <http://larseighner.com/> Warbama's Afghaninam day: 26
629.5 hours since Warbama declared Viet Nam II.
> In our last episode, <hh8vh...@news7.newsguy.com>, the lovely and
> talented ray broadcast on alt.politics:
>
> > In article <slrnhivnod....@debranded.larseighner.com>,
> > Lars Eighner <use...@larseighner.com> wrote:
>
> >> In our last episode, <NeydnapwY_-wRrLW...@giganews.com>, the
> >> lovely and talented Dionysus broadcast on alt.politics:
> >>
> >> > 8. Liberalism breeds hatred. First of all, liberalism pits one class of
> >> > citizens against another.
> >>
> >> Somehow it seems to you to be okay when the rich oppress the poor, but when
> >> the poor stand up for themselves, you think that is a bad thing.
>
> > HTF do the rich oppress the poor? There are only two reasons you should
> > be poor in a great country like ours: you are too stupid to make a
> > living, or your are lazy. The latter is likely the cause.
>
> So you were born on third base and think you have hit a triple.
Sorry son, born in Cleveland Ohio and grew up in multi-family homes.
I'm just a truck driver/ landlord, so I walk the walk and talk the talk.
All he's got D is more class warfare BS, no mention that the poor CEO
is probably
at the office most nights till ten while the little entitled goon is
hittin the bar or watchin the
game on TV.
Not to mention its the CEO's and his shareholders money at risk not the
little union worker
who blackmails for his wage, then expects momma govt. to come in and
bailout the
business he had a big hand in killin in the 1st place!
Happy New Year to you and your family.
Dennis
Happy New Year.
No surrender!
Dionysus
Well, not really. My dad was a landlord, and fixed the trucks.
Since he always said that the only thing truckers even know
about trucks is not only simply Cleveland, it's the Cleveland
Browns.
>
> --
> Damn the living - It's a lovely life. I'm whoever you want me to be.
> Silver silverware - Where is the love? At least I can stay in character.
> Oval swimming pool - Where is the love? Annoying Usenet one post at a time.
> Damn the living - It's a lovely life. We support you, Sarah.- Hide quoted text -
>
> - Show quoted text -
Happy New Year.
No Surrender!
Dionysus
You too Dennis. It's not a wonder why you are conservative being the
son of a truck driver.
> > > >> > HTF do the rich oppress the poor? �There are only two reasons you
> > > >> > should
> > > >> > be poor in a great country like ours: �you are too stupid to make a
> > > >> > living, or your are lazy. �The latter is likely the cause.
> >
> > > >> So you were born on third base and think you have hit a triple.
> >
> > > > Sorry son, born in Cleveland Ohio and grew up in multi-family homes.
> > > > I'm just a truck driver/ landlord, so I walk the walk and talk the
> > > > talk.
> > > **********
> > > Hey, my dad drove truck and was a landlord, too. Good on you. Knew there
> > > was
> > > something I liked about you.
> >
> > On Usenet everybody's dad drove a truck and was a landlord.
>
> Well, not really. My dad was a landlord, and fixed the trucks.
> Since he always said that the only thing truckers even know
> about trucks is not only simply Cleveland, it's the Cleveland
> Browns.
>
We won't talk about those guys. LOL!