Agoracom Blog
Thanksgiving Chat On Korelin Radio
Posted by
at 1:57 PM on Thursday, November 27th, 2008
I listed to Korelin radio and must say that it is the effort of the founding fathers which is being badly eroded that I could not stop thinking about.
the fact that all of the banks are unstable is a sign that the system is broken … pure and simple and undeniable. the fact that the big 3 all need help is a sign that manufacturing in the US is broken … .it may not feel good but when termites infest a building you tear it down and start afresh … that is the only solution.
JFK said “Ask not what your country can do for you, but what you can do for your country”
Until the USA elects someone like Ron Paul who is wonderfully obsessed by brilliance of the Constitution and the genius of Lincoln the citizens will wallow in the quagmire created by a greed and corruption.
The country needs a president who asks a new question…
ASK NOT WHAT YOUR GOVERNMENT CAN DO FOR YOU, BUT WHAT YOUR GOVERNMENT SHOULD NOT BE DOING FOR YOU!
Should they be taking money from your neighbours wallet earned by the sweat of their brow and hand it off to fix a corrupt and broken banking system … Dick Fuld video and the big 3 and their private jet excursions proves that is bad for you neighbour. Excessive taxing of a colony and those remote from the lives of everyday people is what inspired the founding fathers to develop the constitution …. The enemy is not in Iraq … the enemy is within.
I better hide now, and Peter .. you better remove this lest you also need to hide.
Orgy
Peter: Clear up some confusion on my part on two fronts if you would please: It seems to me there is a direct correlation between a rising equity market and a falling dollar at least currently. You are calling for a renewed down trend in the dollar but suggest that we stay out of the equity markets as we have not yet seen the lows (except gold stocks). Wouldn’t a falling dollar cause the stock market to rise so that everything goes up including gold??
Second, since we are in the deleveraging phase of this market wouldn’t that cause the dollar to continue its rise (as a safe haven so to speak) at least for now and the market to reassert its downward trend in the near future? I can’t see how we have a falling dollar and a falling market in this phase of the bear market…so I ask.
I appreciate all of your insights. Mark