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Why We Should All Fear Government
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stevenbard



Joined: 11 Nov 1993
Posts: 4314

PostPosted: Thu Jun 26, 2014 12:02 am    Post subject: Reply with quote

mrgybe wrote:
boggsman1 wrote:
He actually ran for Senator in CT. A hypester of biblical proportions...I ve followed him for over ten years, and met him out here when he was recruiting for his firm, which is barely breathing.

So the facts he cited regarding the impact on GDP of severe winters are wrong?


There hasn't been such a bad GDP report since 1949 in a non recessionary economy.

Boggs, I agree with you on Schiff, however even a broken clock is right twice a day. If he weren't selling gold, he might have some credibility.
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boggsman1



Joined: 24 Jun 2002
Posts: 3704
Location: at a computer

PostPosted: Thu Jun 26, 2014 8:37 am    Post subject: Reply with quote

mrgybe wrote:
boggsman1 wrote:
He actually ran for Senator in CT. A hypester of biblical proportions...I ve followed him for over ten years, and met him out here when he was recruiting for his firm, which is barely breathing.

So the facts he cited regarding the impact on GDP of severe winters are wrong?

No, but the spin of his drivel is. He is always bearish, so you wont see the airline impact of the winter, or the retail impact. On the other hand, the BEA report, as you cite, is telling the story of Q4 double ordering, which crushed exports in Q1...we will see if it continues....looks like a 2% year...which is good for growth stocks.
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mrgybe



Joined: 01 Jul 2008
Posts: 2827

PostPosted: Thu Jun 26, 2014 9:24 am    Post subject: Reply with quote

So you agree with the data he presented but chose to publicly impugn him and encourage the port supervisor to do the same. Feel better now?

It is looking like a 2% year. That's my point. 5 years after the recession ended, we've piled on 7 trillion of additional debt, we've seen unprecedented Fed intervention..........and we're still limping along with weak growth. Yet none of this has to do with government policy during that period. Of course.
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boggsman1



Joined: 24 Jun 2002
Posts: 3704
Location: at a computer

PostPosted: Thu Jun 26, 2014 10:10 am    Post subject: Reply with quote

Mr . Gybe...if you have been paying attention during the last 5-10 years, and you read, and view financial media, you too, would "publicly impugn" Peter Shiff... He's the worst of the worst.
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mac



Joined: 07 Mar 1999
Posts: 5477

PostPosted: Thu Jun 26, 2014 10:46 am    Post subject: Reply with quote

The man who will tell you how brilliant he is, continues to cherry-pick to attack Obama--without describing the solutions that he, in his brilliance, has come up with. Perhaps he is pissed off about these things that spell the beginnings of a change from a carbon only economy:

--California continues to lead the country in economic recovery
--California's Democratic governor has produced a balanced budget (when did the Republicans in Congress last do that) that has created a rainy day fund--and resulted in the upgrading of their ratings from Moody's. Wasn't it a Republican governor, er actor, who presided over the collapse of their bond ratings?
--California is home to 1/3 of the nation's solar jobs, 5 times that of any other state. (Now those who don't understand statistics, or do, but have no integrity, can chant Solyndra, or Benghazi.)
--Plug-in vehicles are selling 50% faster than last year.
--Fuel economy standards have resulted in a boon for auto manufacturers
--Japan doubles down on fuel cell cars--it will definitely push the technology

Maybe we need to start another war to help the defense industry in Virginia?
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reinerehlers



Joined: 25 Jul 2001
Posts: 1050

PostPosted: Thu Jun 26, 2014 12:03 pm    Post subject: Reply with quote

mac wrote:
The man who will tell you how brilliant he is...

Don't forget the Al Bundy-ish stories of being a high school football hero, chess champ, and air hockey champ (like that matters to anyone who's not a total dweeb)....oh I'm sorry, I thought you were talking about someone else.
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nw30



Joined: 21 Dec 2008
Posts: 1860
Location: The eye of the universe, Cen. Cal. coast

PostPosted: Thu Jun 26, 2014 12:11 pm    Post subject: Reply with quote

reinerehlers wrote:
mac wrote:
The man who will tell you how brilliant he is...

Don't forget the Al Bundy-ish stories of being a high school football hero, chess champ, and air hockey champ (like that matters to anyone who's not a total dweeb)....oh I'm sorry, I thought you were talking about someone else.

LOL, perfect!!!
But don't forget aside from being a champ, he's still paranoid.

_________________
I don't drink the 'cool' aid, I drink tequila, it's more honest.
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stevenbard



Joined: 11 Nov 1993
Posts: 4314

PostPosted: Mon Oct 13, 2014 1:39 am    Post subject: Reply with quote

Americans should be "deeply skeptical" of government power, says FBI Director James Comey, adding that law enforcement should be able to access someone's telephone only with a court order,

"I believe that Americans should be deeply skeptical of government power," Comey told CBS News' Scott Pelley in an interview for "60 Minutes. "You cannot trust people in power.

"The Founders knew that," he said. "That’s why they divided power among three branches, to set interest against interest."

Comey, cautioned that courts must grant law-enforcement agencies permission to telephones if the information is deemed to be critical to a criminal case or national security.

Newsmax.com
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isobars



Joined: 12 Dec 1999
Posts: 14484

PostPosted: Mon Nov 03, 2014 3:49 pm    Post subject: Reply with quote

The Ultimate Global Antipoverty Program:
Extreme poverty fell to 15% in 2011, from 36% in 1990. Credit goes to the spread of capitalism.
By
Douglas A. Irwin, professor of economics and co-director of the Political Economy Project at Dartmouth College.
Nov. 2, 2014

The World Bank reported on Oct. 9 that the share of the world population living in extreme poverty had fallen to 15% in 2011 from 36% in 1990. Earlier this year, the International Labor Office reported that the number of workers in the world earning less than $1.25 a day has fallen to 375 million 2013 from 811 million in 1991.

Such stunning news seems to have escaped public notice [i.e., the liberal media], but it means something extraordinary: The past 25 years have witnessed the greatest reduction in global poverty in the history of the world.

To what should this be attributed? The spread of capitalism. Over the past few decades, developing countries have embraced economic-policy reforms that have cleared the way for private enterprise [meanwhile, the U.S. is being driven in the opposite direction by design and stated intent by this administration].

China and India are leading examples. In 1978 China began allowing private agricultural plots, permitted private businesses, and ended the state monopoly on foreign trade. The result has been phenomenal economic growth, higher wages for workers—and a big decline in poverty. For the most part all the government had to do was get out of the way. State-owned enterprises are still a large part of China’s economy, but the much more dynamic and productive private sector has been the driving force for change.

In 1991 India started dismantling the “license raj”—the need for government approval to start a business, expand capacity or even purchase foreign goods like computers and spare parts. Such policies strangled the Indian economy for decades and kept millions in poverty. When the government stopped suffocating business, the Indian economy began to flourish, with faster growth, higher wages and reduced poverty.

The economic progress of China and India, which are home to more than 35% of the world’s population, explains much of the global poverty decline. But many other countries, from Colombia to Vietnam, have enacted their own reforms.

Even Africa is showing signs of improvement. In the 1970s and 1980s, Julius Nyerere and his brand of African socialism made Tanzania the darling of Western intellectuals. But the policies behind the slogans—agricultural collectives, nationalization and price controls, which were said to foster “self-reliance” and “equitable development”—left the economy in ruins. After a new government threw off the policy shackles in the mid-1980s, growth and poverty reduction have been remarkable.

The reduction in world poverty has attracted little attention because it runs against the narrative pushed by those hostile to capitalism. The Michael Moores of the world portray capitalism as a degrading system in which the rich get richer and the poor get poorer. Yet thanks to growth in the developing world, world-wide income inequality—measured across countries and individual people—is falling, not rising, as Branko Milanovic of City University of New York and other researchers have shown.

College students and other young Americans are often confronted with a picture of global capitalism as something that resembles the “dark satanic mills” invoked by William Blake in “Jerusalem,” not a potential escape from horrendous rural poverty. Young Americans ages 18-29 have a positive view of socialism and a negative view of capitalism, according to a 2011 Pew Research poll. About half of American millennials view socialism favorably, compared with 13% of Americans age 65 and older.

Capitalism’s bad rap grew out of a false analogy that linked the term with “exploitation.” Marxists thought the old economic system in which landlords exploited peasants (feudalism) was being replaced by a new economic system in which capital owners exploited industrial workers (capitalism). But Adam Smith had earlier provided a more accurate description of the economy: a “commercial society.” The poorest parts of the world are precisely those that are cut off from the world of markets and commerce, often because of government policies.

Some 260 years ago, Smith noted that: “Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things.” Very few countries fulfill these simple requirements, but the number has been growing. The result is a dramatic improvement in human well-being around the world, an outcome that is cause for celebration.
----------------
[Meanwhile, Obama, Kerry, and Hillary have all and each in their own way declared that our path should be just the opposite. Among countless examples, Obama said the private sector is the enemy, Kerry holds up Europe and especially France as our role model, and Hillary shouted that we must find those big profit makers and take their profits from them.]
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stevenbard



Joined: 11 Nov 1993
Posts: 4314

PostPosted: Thu Nov 06, 2014 12:21 am    Post subject: Reply with quote

When we get piled upon one another in large cities, as in Europe, we shall become as corrupt as Europe.

Thomas Jefferson
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