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#91 K Wave Rider

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Posted 11 October 2009 - 06:12 PM

Currencies fartin' around with short term pivot points tryin' to make up their minds here......

#92 K Wave Rider

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Posted 11 October 2009 - 06:25 PM

Euro in as good a position to roll it as you're likely to see...failure here by Uncle Buck could be catastrophic....now or nevah

#93 Slappy

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Posted 11 October 2009 - 06:26 PM

Anyway, I'm tired of the cheapshots at Roosevelt. Not that he's my hero. I have my reasons for not liking him. But for god's sakes, what was the point of that comment, anyway? Roosevelt followed the economic orthodoxy of the time, just like any other politician would have. Does he deserve no credit for defeating the greatest monster in the history of the world?

Reagan on the other hand believed in trickle down while enriching his buddies in the military industrial complex. What trickled down was excrement. It has infected every single economic failure the US has embarked upon for the past 39 years. He believed in borrow and spend. That's the evil idea that has led us to where we are today. I realize that many of you resent having to pay taxes, but at least with tax and spend we pay as we go. With borrow and spend we indenture ourselves to our bankers forever. Once the borrowing binge started, that was the beginning of the endgame to destroy, impoverish, and enslave the middle class. Now look at whom we owe all the money to. The Chinese. OPEC. The Russians. I mean correct me if I'm wrong. Reagan's military buildup supposedly bankrupted the Russians. Instead it bankrupted us and the Russians practically rule the world.


Wading in where angels fear to tread here, but I believe Reagan was interested primarily in ending the cold war and he knew the US had the balance sheet to make it happen. You can love or hate Star Wars but it became something the Russians had to waste treasure to defend against. Gorbachev made the best deal he could, an era ended.

Trickle down is an unproven concept, nice in theory, but I think it suffered from a relative efficiency of the first/highest strata to absorb most of what was trickling down. There's probably a better system out there somewhere but I don't think it's going to come about by spending heavily on the lowest classes. First, it makes the unproductive too comfortable, and it deprives the fuel to the engine of progress that a less socialist society thrives on.

Our current crisis can be traced in large part to the 'redlining' concept of a few years ago that supposed that everyone could make a profitable trade in real estate if only given the chance.

#94 capitall

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Posted 11 October 2009 - 06:35 PM

Wonder why we don't have a health care bill that would contain skyrocketing medical and medical insurance costs? Duhhh.

"The health care industry alone has six lobbyists for every member of Congress and more than 500 of them are former Congressional staff members"

"...In just the last few months, the health care industry has spent $380 million on lobbying, advertising and campaign contributions. And -- don't bother holding onto your socks -- a million and a half of it went to Finance Committee Chairman Baucus, the man who said he saw "a lot to like" in the two public option amendments proposed by Senators Rockefeller and Schumer, but voted no anyway."

http://www.huffingto...i_b_315567.html

#95 Drano

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Posted 11 October 2009 - 06:36 PM

I always thought of it as the "Trick Down" theory -- as in, it tricked those who were down into thinking it might be good for them. :P
Of course I'm caustic!

#96 cwd

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Posted 11 October 2009 - 06:40 PM

What a picturesque country. I think I might go spend some tourist dollars there next summer, and do my small part to help out.



It is a gorgeous place in the summer. They really did have global cooling about a thousand years ago. :D

#97 K Wave Rider

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Posted 11 October 2009 - 07:20 PM

Classic triple inverse H&S bottom on EUR/JPY at conjunction of 6 hour 900 and daily 200....hope somebody else out there scored on this easy layup.

Back above 134 opens HUGE air gap....may be a bit tricky for a few days while it makes up it's mind...hourly 900 comes in at 133.

If that right shoulder goes downside, could see fast and wicked drop....

Pivotal next few days......

#98 K Wave Rider

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Posted 11 October 2009 - 07:35 PM

USD/JPY coming up to 90 which should be first decent resistance area...above that, and a tsunami of yen sellin' could begin....pivotal area here.....lot of IT time frames starting to flash buy on Bucky Yen.

Here's a 20K tick look.....

#99 DrStool

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Posted 11 October 2009 - 07:43 PM

And who gave birth to the monster called the Military Industrial Complex, or as it was called by FDR then, "The Arsenal of Democracy".


There were two damn good reason for that. Hitler and Tojo.

Roosevelt entered office in 1933. He did not set out to build up the military. He did not begin a military build up until after Hitler invaded Poland, for Lend-Lease to the Brits, and finally when the Japanese bombed Pearl Harbor. We weren't ready to invade Europe until June 1944, 30 months after Pearl Harbor. Blaming Roosevelt for that is completely misplaced. At the time it served the purpose of saving the world from domination by madmen. It saved our asses. However, as with so many institutions created out of crisis to serve a higher purpose, it became corrupt and corrupting influence.

It's not really valid to blame Roosevelt for creating the military industrial complex. He was fighting to save democracy. Reagan had no excuse for what he did.

I'm just sick of the cheap shots taken at Roosevelt on this board. It's really unfair, pointless, and dead wrong. He was the right leader for that time. He did what he had to do. We should all be grateful to him for what he accomplished.

My father fought the Nazis. He believed in Roosevelt, and that is good enough for me. My mother was separated from my Dad for 3 years because of the war. She believed in Roosevelt, and that is good enough for me.

We aren't here to rehash history, but I am sick and tired of the cheap shots at this true American hero. It ends now.

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#100 K Wave Rider

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Posted 11 October 2009 - 07:50 PM

However, as with so many institutions created out of crisis to serve a higher purpose, it became corrupt and corrupting influence.



You nailed it Doc. Big Government is a single sentence.

How it ever changes I haven't a clue......seems to be human nature I fear....

#101 DrStool

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Posted 11 October 2009 - 07:51 PM

I'm no political genius, but I don't see how cutting taxes hurts the middle class. I'm pretty sure it smacks the lower class in the buTT, and I'm pretty sure this is a political argument, so I'm not going to dwell at length .


Cutting taxes is great if you cut spending. Reagan was a deficit spender. He cut taxes but did not cut spending. He borrowed the moneyto enrich his friends from the middle class, without their consent, then he stuck them with the bill. Reagan didn't cut taxes for the middle class. He saddled them with the burden of paying for that "tax cut" in the future. We're now paying the bill with a collapsing economy, millions of lost jobs, millions of Americans living in subway stations and under bridges and in tent cities. He started the nonsense that we could borrow our way to prosperity, that deficits don't matter.

Reagan's tax cuts were a sham. GWB's tax cuts were a sham. If you borrow the many to pay the bills that would have been paid by those taxes, then sooner or later somebody has to pay for it, either via inflation, higher taxes in the future, or a collapse of economic activity under the burden of the debt. Reaganites are cultists, unable to see the destruction he wrought on the generations that would follow him. And it's not like people weren't warning of these things at the time. Plenty of people knew it was wrong, but Reagan's political operatives, disciples of Goebbels and the Nazis, co-opted the trailer trash nation.

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#102 DrStool

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Posted 11 October 2009 - 08:00 PM

Wading in where angels fear to tread here, but I believe Reagan was interested primarily in ending the cold war and he knew the US had the balance sheet to make it happen. You can love or hate Star Wars but it became something the Russians had to waste treasure to defend against. Gorbachev made the best deal he could, an era ended.


Yeah, but we lost. Russia is now rich and powerful, and the US is broke and weak. The idea that Reagan won the cold war is false. We lost the cold war. The former communists are still in power there. They are still corrupt. They wield absolute power over their people. They murder and silence their political enemies. They act to oppose US interests in every hot spot in the world. They are rich, we are broke, and we OWE THEM MONEY.

So tell me again who won the cold war?

Now, I don't deny that others followed in Reagan's footsteps, both Democrat and Republican, because they all bought into the deregulation crap, the less government the better crap. CRAP CRAP CRAP. If we had only had the rules we had before, and the belief that government enforcement to counter the excesses of unfettered oligarchic capitalism, then we would not be in the mess we are in. But Reaganism started this mess. The pols all realized that this was their ticket to enrichment by keeping their lobbyist buddies and bosses fat and happy.

Democrats? SHIT! There are no goddamn Democrats any more. They're all Reaganite motherfornicaters. Screw the bastards. Damn them all to hell. Turncoat bastards.

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#103 DrStool

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Posted 11 October 2009 - 08:02 PM

Just to be clear. Clinton wasn't a Democrat.

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#104 DrStool

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Posted 11 October 2009 - 08:04 PM

Damn. These sector uptrends all look like they want to break out.

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#105 K Wave Rider

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Posted 11 October 2009 - 08:05 PM

Officially the worst jobs loss since Depression and no sign it has ended yet.

http://www.calculate...recessions.html





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