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Ron Paul: What If? (Speech on House floor 2/12/09)

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February 14, 2009 – Comments (8) | RELATED TICKERS: GLD , GOLD

This is one of Ron Paul's greatest three minutes.

Ron Paul: What If? (speech on House floor 2/12/09)

Watch this ridiculous, insanity (Hat Tip to Sly Capital)

Dr. Ron Paul Responds on 02 - 13 - 09

 

FYI - My favorite Ron Paul answer Faux News "Debate"

This clip of the South Carolina GOP debate was edited out of the rebroadcast. I guess the answer was too good and had too much truth in it for Fox to bear showing more than once.

 

FYI - my view 

SUMMARY

I am net neutral the market at this time. I covered much of my short positions during Geithner’s speech.

I am Long gun and ammo makers. I am looking at Taser too.  As people realize Obama is not going to and cannot Change the contraction and will likely make things worse. People will continue to buy guns and ammo. The consumer is not dead, go to a gun show or try and buy ammo and tell me what you see. CHANGE you can believe in!

I see compelling reasons to short the market further; more bankruptcies, deflation and unemployment are coming.  However, I fear more Legislative interventions, so I have moved to neutral.  I am neutral on gold.  But a massive gold bubble is possible.  

DETAILS

“Sell to the masses dine with the classes, sell to the classes dine with the masses”

A former boss used to say.

The self-serving greed, dishonesty, ineptitude and stupidity out of DC is overwhelming and makes me fear keeping a large short position. They are just a private FED meeting or “a button push away” from flooding the system with fiat currency/credit to try and raise asset prices via inflation. My WAG is they will wait more towards reelection time, two years of pain deflation and then inflate for some re-election "stimulus".

I like gold as a physical asset held in hand, but due to the over promotion of gold on TV, I am considering increasing a short of paper Gold.  We are in deflation, all asset values are declining, gold is looking rich here. Smart people bought gold in 2001-02. Fools buying it now after a 300% run up are very late to this trade.  Fast Money and Mad Money have been promoting Gold, to me that is a near automatic short.  Hopefully, GS will call for Gold to $2k to $5k and I will go leveraged short gold.  

8 Comments – Post Your Own

#1) On February 14, 2009 at 2:34 PM, kaskoosek (35.75) wrote:

Shame on Americans not voting for Paul.

 

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#2) On February 14, 2009 at 3:19 PM, Tastylunch (29.40) wrote:

I like guns I don't like Taser the stock that much. Anomalee had a good breakdown on their sales outlook, something like 85% of their sales go to local municipalities (not the FED or individual consumers)

 http://caps.fool.com/Blogs/ViewPost.aspx?bpid=54404&t=01007689170116685293

At least in the year ahead I think the budget crunches are probably going to hurt their sales.

SWHC is about the only gun stock I know of that deal with consumers...

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#3) On February 14, 2009 at 3:43 PM, abitarePERFECT (29.23) wrote:

ALCON,

Thanks for the replies.

Tastylunch,

I am long SWHC, I might go leveraged long SWHC. Taser has a civilian stun gun coming out and a shotgun projectile stun munition coming out. I think the patent and future sales make them interesting. I think if defense and greater instability continues higher Taser might get interesting.

Taser's P/E is ridiculously high right now.

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#4) On February 14, 2009 at 3:48 PM, nthought (< 20) wrote:

Americans are learning the same lesson the British did.  Borrowing and spending money to maintain an empire (I know, we don't call it that) is a road to ruin.  It squeezes the poor at home, and deprives a nation of people from holding their leaders accountable.  We could slash the DOD budget something like 75% and be more secure than we are today. 

 

The only area I disagree with Paul is on taxes and spending.  A small increase of taxes on the rich to be redistributed to provide free social services for the rest of us wouldn't destroy our economy.  In fact, it would greatly increase the opportunities for so many individuals, and small businesses. 

 

The stimulus is deficit spending, but it's needed spending.  It's unfortunate that Republicans cut taxes for rich and put us in this position, but we can get out of it.  We should cut the military budget.  Obama said he will cut it 10%...not enough, but at least its the right direction.  

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#5) On February 14, 2009 at 9:15 PM, russiangambit (29.40) wrote:

nthought, exactly. I don't know why it is now talked about more. If you travel the world you will see American military footprint most everywhere. Stuggering amount of money must be spent on maintaining the empire. I bet at least 30% of that spending is hidden from the budget.

We need stop trying to hold on to the empire. We will be much richer and much safer. We will actually be able to spend money on social programs instead of war planes and bombs.

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#6) On February 15, 2009 at 11:03 AM, jgseattle (29.39) wrote:

it is funny how the last few presidents have said they will "not nation build."  Clintion had the Balkins, and Bush had Iraq, and Afganistan.  So we, the US, is most definately a colonial style government we just do not TAKE the benefits of the colonialism.  (some might dispute that we are taking oil)

Anyhow, the US spends a large percentage of its discresionary spend on military, where is the peace dividend we were supposed to see after the fall of Russia?  I think the US can cut back and refocus on nonmilitary diplomacy.

If you look at Africa China is the major player there because of investments without strings.  The US needs to learn to provide aid that is real add to the target country and not aid to the midwest farmer that kill local farmers in the target country.

Colonism yes, and we are getting ready to learn the hard lessons of our errors.

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#7) On February 16, 2009 at 12:17 AM, AnomaLee (28.72) wrote:

Great Ron Paul speech...


Thank you for the reference Tasty...

I haven't updated my analysis, but I glanced at their 3Q filing months ago and it hasn't gotten much better.

Even if Taser's sales were to increase the company should have a market value nearly a 1/3rd of what it is priced today....

 

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#8) On February 19, 2009 at 6:27 PM, whereaminow (< 20) wrote:

Do you think Ron Paul has a chance in 2012?

David in Qatar

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