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B4 The Bell October 20


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Ed Bugos spells it out for the deflationists (and 'no inflationsts') --

 

Note the performance of the entire commodity complex in the table to the right ranked according to three year returns. It should be clear from that alone that the oil price move is not an isolated incident even if it has the spotlight today. The common thread is not China, fundamentally.

 

It is the US dollar and monetary policy regardless that it is denied, or perhaps especially is a better word.

 

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It's the dollah, stupid ...

 

As Yobob and Hypertiger have told us for ages,

 

There will be no inflation without higher wages.

 

 

Higher prices for commodities squeeze employers and do not produce higher wages;exactly the opposite.

 

Higher prices for commodities also squeeze consumers and take liquidity out of the real system.

 

Lower international dollar and high commodity prices at this stage in the cycle is:

 

 

DEFLATIONARY

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The USA is a republic

 

Electoral college? was our forefathers blessing

 

They new the the pitfalls of a king

 

They were not politically correct !? THANK GOODNESS!!!

Those were great men. Washington might have been king but, in one of the great acts in human history, left office voluntarily. Prior to that, leaders were replaced by bloodline or violence.

Can anyone imagine any of today's crowd of power seekers doing likewise?

 

Give them a crown and they will take it.

George Washington brings tears to my eyes :cry:

 

in a very :rolleyes: way!

Sadly, our first president was the best one. His Farewell Address, if followed, would have kept us out of Vietnam, Iraq, and a hundred other worthless hellholes.

 

There were only a few good ones during the 19th century (I'm not talking about the Bearded One, either.)

 

The 20th century was uniformly dismal ... they sold out the Republic.

 

21st century ... forget it, this is a family website ... :angry:

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U.S. death toll

 

As of Tuesday morning, 1,099 U.S. servicemembers and three civilian contractors had died in the war in Iraq: 846 from hostile action and 256 from accidents and non-combat-related incidents.

 

Latest Army deaths identified:

 

Two soldiers from the 4th Psychological Operations Group (Airborne) died Friday when a car bomb exploded near their vehicle in Karabilah, Iraq.

 

?Sgt. Michael G. Owen, 31, Phoenix.

 

?Spc. Jonathan J. Santos, 22, Whatcom, Wash.

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As Yobob and Hypertiger have told us for ages,

 

There will be no inflation without higher wages.[/font]

 

 

Higher prices for commodities squeeze employers and do not produce higher wages;exactly the opposite.

 

Higher prices for commodities also squeeze consumers and take liquidity out of the real system.

 

Lower international dollar and high commodity prices at this stage in the cycle is:

 

 

DEFLATIONARY

Wage growth globally is below the rate of inflation and, short of protectionism, there is not much that can be done by anybody about it.

 

Just about anything made by man is in plentiful supply, while that made by nature remains relatively scarce.

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Via USA Today

 

 

 

Electoral history

 

?The term ?Electoral College? does not appear in the U.S. Constitution.

 

?The electors were not called a college until the early 1800s.

 

?In 1800, legislatures in two-thirds of the states chose electors.

 

?Until adoption of the12th Amendment in 1804 specified separate ballots for president and vice president, electors cast two votes without expressing a preference for the top office.

 

?By 1832, every state except South Carolina used a popular vote to select electors.

 

?By 1832, nearly every state used the winner-take-all method to select electors

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?In 1800, legislatures in two-thirds of the states chose electors.

Correct. The U.S. Constitution doesn't even require a popular vote for the president.

 

Some state legislatures originally chose both presidential electors and senators.

 

The people voted for their Congressman in the House (only).

 

That's what federalism meant in the early days. The constant references to the U.S. as a "democracy" are a very recent phenomenon ... promoted by anti-republican populists.

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