On September 1, 1939, Adolph Hitler sent actual tanks rolling into Poland to take it over. It was messy, involved the help of the Russians, and many Poles died in the fighting.
Now, here in America, we’re seeing the same thing, the capitulation of an entire country under attack by a dictatorial force in Barack Obama and his communist party. But instead of the gunpowder and lead that would have been used if the Democrat Party really was serious about getting things done, they’re using a much more civilized item: human emotion and, in this case, the most basest of all emotions, envy and jealousy to achieve their goals.
The Chosen One is justifying the take over of a sixth of the U.S. economy via Obamacare by calling the entire health care issue a quest for human rights and everyone in the way of stopping Obamacare a worthless, greedy bastard. And, man, has it worked so far!
by John Browne, Senior Market Strategist, Euro Pacific Capital
Over two thousand years ago, China began to build its Great Wall in order to keep nomadic tribes and marauding armies from crossing its borders. In the last few decades, China has built another protective barrier, a ‘Great Firewall,’ to keep socially disruptive web content from reaching its citizens. American companies have long acquiesced to this censorship charade in order to have access to China’s booming online market. Last week, Google changed its mind, shutting down its regulated site on the mainland and redirecting people to its uncensored Hong Kong portal. This laudable act of defiance indicates that China’s bustling marketplace is straining its authoritarian political regime. We expect the latter to yield.
With a population of over 1.3 billion,[i] GDP growth of some 8.9% in 2009,[ii] and some $2.4 trillion in official reserves,[iii] China already is a major global force to be reckoned with. Having recently surpassed Japan as the world’s second largest economy and Germany as the world’s largest exporter, China is fast approaching superpower status.
According to the Wall Street Journal, China already is home to more Internet users than any other country. This vast market promises to expand exponentially as wealth increases and education spreads. As of the fourth quarter of 2009, Google held some 36% of the search engine market in China, second only to the China-based Baidu Inc., with 58%. In 2004, Google bought a 2.6% interest in Baidu for $5 million, and incredibly sold its interest at a profit of more than $50 million two years later. [iv]
BJ Lawson ran for Congress for North Carolina’s 4th district back in 2008. In February he announced he is seeking the same seat again in 2010. First, is the primary on May 4th which he won rather handily last time around. As the newcomer nominee of the Republican party in 2008 he garnered 37% of the vote in a predominately Democratic district.
After Scott Brown’s big win in Massachusetts anything can happen this time around. Back in 2008 Liberty Maven did a two part interview with Lawson that can be viewed here.
Lawson is called “Ron Paul Jr.” by many due to his credentials as a doctor and a steadfast supporter of the Constitution. Ron Paul even campaigned for him and had the following to say:
A lot of folks have begun calling B.J. Lawson the next Ron Paul. The comparison is very flattering. . . for me.
We highly encourage everyone to spread the word about Lawson’s upcoming money bomb on April 13th, 2010. Judge Andrew Napolitano calls Ron Paul the “Thomas Jefferson of our day”. If BJ Lawson is “Ron Paul Jr.” then the money bomb theme is rather appropriate.
Note: The inspiration for this article originated in Chapter 1 of Judge Andrew Napolitano’s “Lies The Government Told You,” which I would be remiss not to mention. However, the Judge mostly focuses on the history of discrimination against African-Americans and former slaves, and the resulting affirmative action laws that exist today. I felt that a broader approach was warranted due to the profound implications that state-supported collectivist preference (or outright servitude) has for us all.
From the founding of this nation’s government, we have lived in a society where “all men are created equal,” but are not treated that way. In fact, at some point in America’s short history, you can probably find an example where your ethnicity, gender, sexual orientation, or religion has received the short end of the state’s disregard for one of the basic rights that they claim to protect. Such discrimination has also occurred in nearly every administration, across party lines, in good economic times and bad, in times of war and of peace. A common thread can be seen in each case: the discrimination has been driven by political motives and the expansion of state power.
For starters, despite the language in the Declaration of Independence, slaves of African descent were not considered equals when it came time to ratify the Constitution. Although some of the Founders were opposed to slavery (such as Thomas Jefferson and Benjamin Franklin), the institution was nonetheless implemented and was kept in tact – largely for economic reasons – until after the Civil War. Even when Abraham Lincoln took office, the only major push to end slavery – the Emancipation Proclamation – was made for political reasons by Lincoln, who wished to create a slave uprising in the Confederate states.
Throughout the first half of the 20th century, racial segregation continued to oppress African-Americans, mostly for the political benefit of those in power (affluent white males). Starting in the 1910s and 20s, the federal government embarked on a national housing segregation program which denied housing loans to those living in “areas in decline” (majority black neighborhoods), since it was believed that the presence of blacks in a white neighborhood would bring down property values. Historically black neighborhoods were destroyed to make way for elevated highways which connected white neighborhoods. Politicians, eager to gain the votes of those white voters in the majority opinion, happily violated the rights of the minority race, both to gain re-election and to expand government power in housing and transportation.
The Cato Institute reported on a recent panel (titled ‘Escalate or Withdraw? Conservatives and the War in Afghanistan‘) in which the revelation was made that the vast majority of Republican Congressmen now think that invading Iraq was a big mistake:
News item after news item underscores the futility of the War on Drugs. Yet Congress and the President want to continue the same failed policies, no matter how many innocent people are caught in the crossfire.
by John Browne, Senior Market Strategist, Euro Pacific Capital
Last week, the Dow closed at 10,741, up some 64 percent since its 2009 lows, [03/19/10, Yahoo! Finance] when most markets had priced in the likelihood of financial Armageddon. As the markets have rebounded from the brink of disaster, many Wall Street cheerleaders have proclaimed the dawning of a major new bull market. If we measure market cycles biannually, and if bull markets need not eclipse peaks achieved in previous cycles, then this forecast is spot on. Of course, most investors are not saving for next week, but for homes, college tuitions, and retirements. For these longer term investors, the euphoria of the current rally may soon turn to despair when the market faces the unsavory fundamentals of a second financial crisis.
We have long raised the point that, in general, the political, economic, and financial fundamentals of our new mega-government era do not support a sunny long-term outlook for U.S. stocks. Today, the S&P 500 trades at 21.6 times current earnings, which is 32% higher than the average over the last 30 years. [03/24/10, multipl.com] With so much economic uncertainty on the horizon, I’m not sure how you make the case that the market is still undervalued. The nature of the recent stock price move appears to be that of a bear-market rally, not a bull-market resurgence.