John Edwards Drops Out, Endorses McCain January 31, 2008
Posted by papersource in politics.add a comment
(2008-01-30) — Former North Carolina Sen. John Edwards today quit the race for the Democrat presidential nomination, and immediately endorsed Republican frontrunner Sen. John McCain.
“As the presidential field narrows, I just didn’t feel there would be room in the race for two white males who favor amnesty for illegal aliens, who opposed Bush’s tax cuts, who believe in global warming and that the U.S. is largely responsible, who support limits on free speech in political campaigns, who have worked to stop conservative judicial nominees, and who think that it’s better that thousands of people die rather than pouring some water up the nose of a terrorist.”
While Mr. Edwards played down speculation that he might bring balance to the ticket as Sen. McCain’s running mate, he noted that it would be “a once-in-a-lifetime thrill to team up with an actual Vietnam war hero.”
Gasoline At 10 Cents A Gallon And Falling January 29, 2008
Posted by papersource in investments.add a comment
Actually, when this was written (May, 2006) gas was 10 cents a gallon. Now it’s under 7 cents a gallon.
What in the world am I talking about??!! Read this:
Huckabee Is A Friggin’ Liberal January 25, 2008
Posted by papersource in 1.4 comments
Since he’s running in the Republican primaries for president, don’t expect Mike Huckabee to be advertising the strong endorsement he just got from Ted Strickland, Ohio’s Democratic governor. It seems Mr. Strickland, who typically racked up a 95% rating from the liberal Americans for Democratic Action during his 16 years in Congress, has discovered a kindred spirit in Mr. Huckabee. He told the Cincinnati Enquirer last Sunday that Mr. Huckabee is a “combination of conservative views in some ways, but very, almost liberal views in other ways.” Mr. Strickland concluded: “Of all the Republican candidates, Mr. Huckabee would be my personal choice.”
While Mr. Strickland didn’t specifically mention education as an area where he shares agreement with Mr. Huckabee’s “almost liberal views,” it’s notable that the former Arkansas governor was endorsed for the GOP nomination this month by the New Hampshire affiliate of the National Education Association. Mr. Huckabee has sent mixed signals on support for school choice, but the president of the NEA in New Hampshire cited opposition to school vouchers that Mr. Huckabee apparently expressed in his meeting with the union as a key reason for the endorsement.
As for Mr. Strickland, he has become one of the most vociferous opponents of school choice anywhere in the country. Earlier this year, he attempted to end Ohio’s statewide school choice experiment with a line-item veto, called for a moratorium on new charter schools, and said he would like to ban for-profit companies from operating schools in Ohio. It’s frequently said politics makes strange bedfellows, but in the case of Ohio’s Democratic governor lavishing praise on Republican Mike Huckabee, it appears to be a case of two peas in a pod. — OpinionJournal’s Political Diary
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The Constitution is a “living, breathing, document.” — Mike Huckabee, CNN interview, Jan. 18, 2008
WJM – That is the classic liberal position for amending the Constitution to adopt every passing social fad, including repealing the Bill Of Rights. Oh, I’m going way too far? Read up on the French Revolution, which is the clear path to where liberalism goes: http://en.wikipedia.org/wiki/Reign_of_Terror
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Jan 28, 2005, by Doug Thompson, Arkansas News Bureau:
LITTLE ROCK – Gov. Mike Huckabee Thursday denounced a bill by Sen. Jim Holt that would deny state benefits to illegal immigrants as un-Christian, un-American, irresponsible and anti-life.
Holt, R-Springdale, replied later that Christian charity does not include turning a blind eye to lawbreaking.
Senate Bill 206, filed Wednesday, also would require proof of citizenship to register to vote and would require state agencies to report suspected cases of people living in the country illegally.
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Not surprisingly, The Huckster is religiously liberal as well:http://www.washingtonpost.com/wp-dyn/content/article/2007/12/19/AR2007121901856.html
What The Huckster said in the above Washington Post article is consistent with a movement called neoevangelicalism, which in practice is almost indistinguishable from social gospelism. The difference is that neoevangelicals retain some
semblance of Biblical faith. But there’s not a whole lot of difference between The Huckster and Jimmy Carter, or Al Sharpton for that matter. They all use Jesus as their justification for big government social programs. The Huckster (and to give him his due, Carter) probably believe it, too — which makes them much more dangerous than a Sharpton.
Where I’m Investing In 2008 January 22, 2008
Posted by papersource in investments.Tags: Fed, Federal Reserve, gold, inflation, monetary policy, silver
4 comments
I didn’t buy a note this year. As an individual investor I can wait for good deals and didn’t find a single one. Low interest rates are not good for either note creation nor risk-reward.
So where do I think one’s cash should be? Mine is in Australian and Canadian dollars and Euros (NYSE symbols FXA, FXE, FXC) and gold and silver (physical and NYSE: GLD, SLV, CEF, CTU). For physical gold, contact Franklin Sanders at the-moneychanger.com or 1-888-218-9226.
Don’t get spooked by the fact that gold and silver have had a run-up and will probably drop in price a bit over the next few weeks. That’s a healthy correction — and a buying opportunity.
For the past 25 years gold was a terrible investment. But when the economy started going south it became a different story. If you had bought gold coins as recently as mid-2005 you would have doubled your money. If you had waited and bought them a year ago, you would have made 40%.
I know, I know, “gold pays no interest.” Actually, it does; people just don’t understand the form it takes. Gold maintains its value; dollars don’t. Take any period of time — say, 1915. Gold was $20.67 per ounce. You could have bought an expensive man’s suit for the price of one ounce of gold. Fast-forward to today. Same thing. But those twenty 1915 dollars literally won’t buy a pair of socks now.
The reason is that gold is the only real money. The printed pieces of paper in your wallet are constantly going down in value (have you bought a steak, a gallon of milk or a gallon of gas lately?). The dollar-denominated paper in your wallet, bank accounts, IRA and 401(k) is losing value because of the decisions of the central bank, the Federal Reserve. The more paper dollars they print, the less each dollar is worth. That is common sense.
One dollar saved when the the Federal Reserve was created in 1913 is now worth 4 cents. The same dollar converted to gold is now worth $23.00.
I do think silver and gold should be a substantial part of one’s portfolio. I’m not keen on mining shares; although I have owned them off and on for years, and still have some, they are a very small part. I prefer the ETFs, such as SLV, GLD, GTU and CEF. They hold physical gold and silver and issue shares, so their share price is directly tied to the price of the metals. The problem with mining shares is that they can go down when the metal goes up due to strikes, mine output, increased extraction costs, changes in government regulations, management problems, etc., etc., etc…
I only subscribe to two financial newsletters; I don’t want to get confused with conflicting advice. The one I would suggest you consider is www.adenforecast.com It has a tremendous track record for the past 25 years.
FYI, here’s my favorite columnist, who believes the same things about gold and silver as I do, among other things: http://www.dailyreckoning.com/Writers/MogamboGuru.html
“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” — John Maynard Keynes
