Campaign For Liberty: PalmettoTree

PalmettoTree
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Location: Blythewood, SC
Last login: 06/22/10
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FREE MARKETS ARE BEST

Free markets work best because it is much easier for thousands of small businesses and millions of consumers and employees to make the decisions that are best for their situations than it is for a few dozen people in D.C. and New York to make those decisions for them, no matter how "well-intentioned" those few dozen people may be.

Easy Way To Track The Health Of The Broad Stock Market

Click on this link once each week or more often if you are concerned about market conditions:

http://finance.yahoo.com/echarts?s=%5EGSPC#chart1:symbol=^gspc;range=1y;indicator=sma+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

When the value of the S&P 500 is moving above or staying above the 50 Day Moving Average, the health of the market is improving or at least holding steady. In that case, consider moving into equities on a gradual basis. If the reverse is true (if the value of the index is moving down to or is continuing to trade below the 50 Day Moving Average) consider getting out of or staying out of equities. This is a general reference tool that can be refined for individual preferences and for individual equities. The main thing is this: following this one simple approach will help self-sufficient, freedom-loving people to avoid significant losses in the markets (either actual losses or losses of opportunity).

Easy Way To Track The Value Of Gold Vs. The U.S. Dollar

The link below is for an ETF (Exchange Traded Fund) that holds gold:

http://finance.yahoo.com/echarts?s=GLD#chart2:symbol=gld;range=1y;indicator=sma+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

This is denominated in USD (U.S. Dollars), so when the price of gold is going up it is gaining value against the dollar. Likewise, when the price of gold is declining, the dollar is gaining value vs. gold. The ticker symbol for this ETF is "GLD". It is traded in a way that is similar to a stock so its price is not that of an ounce of gold, but the relative change in value will match it almost exactly. The main thing is this: paying attention to this one simple measure can allow those who are working for freedom to know when there is a shift in the way that the dollar and gold are being valued.





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Posted by PalmettoTree on 02/17/09


I cannot vouch for the authenticity of this, but it does illustrate the way in which many who cling to government power actually operate:  

Judy Wallman, a professional genealogy researcher in southern California, was doing some personal work on her own family tree. She discovered that Harry Reid's great-great uncle, Remus Reid, was hung for horse stealing and train robbery in Montana in 1889. Both Judy and Harry Reid share this common ancestor.  

On the back of the picture Judy obtained during her research is this inscription:  

'Remus Reid, horse thief, sent to Montana Territorial Prison 1885, escaped 1887, robbed the Montana Flyer six times. Caught by Pinkerton detectives, convicted and hanged in 1889.'  

So Judy recently e-mailed Senator Harry Reid for information about their great-great uncle. 

Believe it or not, Harry Reid's staff sent back the following biographical sketch for her genealogy research:  

'Remus Reid was a famous cowboy in the Montana Territory. His business empire grew to include acquisition of valuable equestrian assets and intimate dealings with the Montana railroad. Beginning in 1883, he devoted several years of his life to government service, finally taking leave to resume his dealings with the railroad. In 1887, he was a key player in a vital investigation run by the renowned Pinkerton Detective Agency. In 1889, Remus passed away during an important civic function held in his honor when the platform upon which he was standing collapsed.'

NOW THAT is how it's done folks! That's real SPIN.





Categories: Just For Fun, Congress
Tags: Harry Reid, Spin

Showing comments 1—2 of 2

Posted 02/17/09

Heather D
Port Byron, IL
Now THAT is funny!
Posted 02/17/09

Fu Manchu
Belleville, MI
LOL!


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Posted by PalmettoTree on 02/13/09
Last updated 02/13/09


McClatchy newspapers report that economists from across the political and economic spectrum agree that the "Stimulus" will not help, may do more damage and it would be better for the bill to be targeted towards growth or for the federal government to do nothing:

Will the stimulus actually stimulate? Economists say no

http://www.mcclatchydc.com/227/story/62082.html

How can even the clueless Congressional Democrats vote for something that is so huge and potentially detrimental? Partly because of this:

Democratic Senator Predicts None of His Colleagues 'Will Have the Chance' to Read Final Stimulus Bill Before Vote

http://cnsnews.com/public/content/article.aspx?RsrcID=43478

Why are they in such a rush? Partly because of this:

Pelosi: HURRY, FELLAS, LET'S VOTE, I AM OFF TO ROME!

http://www.drudgereport.com/flashpr.htm

The economy is likely to get worse. America must learn the lesson that what we have had is not too much Free Market activity; what we have had is too much government encroachment into the decisions of individuals and businesses by doing things that are as seemingly well-intentioned as passing The Community Reinvestment Act and The Federal Minimum Wage Act, and by pushing Fannie Mae and Freddie Mac to provide a market for NINJA Loans (No Income, No Job or Assests), and by acting in an ever-confusing way through erratic market interventions.

The market must determine the value of all assets. Every time the government intervenes it creates more distortions of value.

We must be aware that for the next few years the economy will probably get worse, but if we can use this as a painful lesson, we can build on the movement to SIGNIFICANTLY REDUCE THE SIZE OF THE FEDERAL GOVERNMENT. Something good can come from even this.





Categories: Finance, Domestic Policy, Democratic Party, Federal Legislation, Current Events, Economy, Congress
Tags: pelosi, Stimulus

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Recent Entries

A Little Political Humor: Real Spin
Bad for America, Bad for the Economy, Potentially Huge Trap for Obama and the Democrats

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