notably quote - by Thomas Jefferson

Notable quote

By Thomas Jefferson, one of the founding fathers of USA, in 1802.  

"If the American people ever allow private banks

to control the issue of their money,

first by inflation and then by deflation,

the banks and corporations that will

grow up around them (around the banks),

will deprive the people of their property

until their children will wake up homeless

    on the continent their fathers conquered."

Thomas Jefferson! The guy with GREAT VISION!  You saw this 200 years ago and it has been happening since the 2007 subprime mess broke out.  To all US voters, would your presidential candidate make any significant change in this current corrupted and manipulative bi-partisan parties format?  Tax, healthcare, social security, education, military, banking and real estate reforms.   I don’t think so. 

It’s all bout the lobbyists money folks!  The middle class and poverty class in US would soon to be wiped out pretty soon assuming the current system is in place.  The politicians are repeating the same mistakes by hiding the truth and teaming up w/ special interests group.  

Someone in the administration needs to wake up.  Hank! Ben! You saved the public panic and restore financial stability. Your same buddies would betray you guys when their profits margins could not meet their greedy pockets.   FDIC, the last backstop of banks would be insolvent as well.   

Your World Your Dream

When people would be looking back at history several years from now, August 08 2008 could be a turning point that we should remember.  As people around the world celebrating the opening ceremony of the Beijing Olympic, a mini-war broke out in Georgia between the Russians and Georgians.  At this point, it doesn’t really matter who started and instigated. The root of this mini-battle could be dated back in the 1980s if you are a true observer of modern day history. 

 

If you reading the media sources from G-7 and the West, you would see the blaming on the Russians aggression. From the Pro-Russians view, they need to protect its borders against the NATO and the United States.  Folks at this moment, people should realize how precious of independent and non-biased journalisms are.  With the world of internet, we get news at the speed of lights.  On the other hand, we have no time to digest the truth.  Just look up the owners of the newspapers, media, and newswire, you would know what I am talking about.  No doubt there is so many propaganda behind it.

 

It so ironic that preserving the Olympic sprit is about peace, harmony and athletes team works.   On that day, with all the focus on the ceremony, majority of the people probably blinded fold. 

 

As for the financial markets, the scuffle in Georgia have not priced in yet.  Gold and commodities prices have been taking a mysterious plunge.  No doubt the big investment bankers are probably loading up huge position while creating a panic selling to the ordinary investors.  With geopolitical risks have not subsided; this might be a good time to long gold for the long term investors.

Short term wise, wait for the dead cat rebound finish before shorting again.  Another clue, check out the Bear exchange traded funds.