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nthought (< 20)



The corporate class disregards the public interest and seeks to deceive and oppress the public

June 11, 2010 – Comments (4)

"The interest of the dealers, however, in any particular branch of trade or manufacturers is always in some respects different from, and even opposite to, that of the public. To widen the market and to narrow the competition, is always in the interest of the dealers. To widen the market may frequently be agreeable enough to the interest of the public; but to narrow the competition must always be against it, and can serve only to enable the dealers, by raising their profits above what they would naturally be, to levy, for their own benefit, an absurd tax upon the rest of their fellow-citizens. The proposal of any new law or regulation of commerce which comes from this order ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men, whose interest is never exactly the same with the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, on many occasions both deceived and oppressed it."  [more]



Even Peter Schiff calls Glenn Beck's Goldline a "scam"

May 27, 2010 – Comments (6)

Link to video below.  In short, Schiff discovers that Goldine uses high pressure sales tactics to get people to buy more expensive products over the phone.  Goldline lies to consumers that the government is coming to "seize" their gold bullion unless they purchase more expensive product.  Schiff claims Beck must be "unaware" of these tactics.    [more]



Congressmen Weiner, Glenn Beck and the Gold Bubble

May 19, 2010 – Comments (4) | RELATED TICKERS: GLD , GOLD

The way people are discussing Gold today reminds me of how many commentators were pushing the housing market yesterday.  Countrywide and other mortgage lenders promoted the housing market by purchasing huge swaths of advertising space on political talk radio, financial television programs, and other news programs.  As a general rule, be suspicious of any financial advice being pushed on you through these outlets.  Advertisers can and often do exert pressure on programs to control the content they advertise on.  Glenn Beck has take this to a new level with promoting Gold.  Rep. Anthony Wiener does not say Gold is a bubble.  He can't do that.  But mark this down.  I believe Gold is a bubble.  Gold is directly linked to fear of government deficits and fears that the economy will not recover, or the dollar will collapse leading to crippling inflation.  All indications demonstrate that there is a recovery and with that recovery there will be a reduction of government deficits.  People forget that government "automatically" goes in to deficit spending mode during recessions.    [more]



Glox News health care, I mean, "biological upkeep" debate

April 07, 2010 – Comments (1)

This is funny.  Some of you will disagree, but this is an exemplary political cartoon.



Dow 20,000, Dow 30k. How long?

February 18, 2010 – Comments (16)

20,000 by 2017


30,000 by 2025


Clearly this recession is over.  Other challenges remain, but stocks will remain fertile.  Comments?

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