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edward long

Association of Old Crows

TEDCRED 100+

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The Dow is steadily improving while the national quality of life is consistently worsening.

Barack Hussein Obama's first term is over. The numbers are: 1) National Debt up 54.7%. 2) Unemployment up 0.7%. 3) Poverty up 6%. 4) Approval rating down 18%. 5) Dow Jones Industrial Average up 72%!! Explain this disconnect between America's vital signs.

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Closing Statement from edward long

25 contributors offered these points to ponder
~ we need new goals
~distribution of wealth is broken
~it's a bubble and it's going to burst soon
~statistics are inherently deceptive
~we are printing too much unbacked money
~the government is spending too much
~It's Barack Hussein Obama's fault
~5 folks said there is no more connection between Wall Street and Main Street
~we are loading debt onto future generations
~small investor confidence is at all time low
~younger folks American dream includes tech toys but no home ownership
~money can't but happiness
~the top secret TPP is to blame
~Big Pharma is parasitic
~the Military is a budget buster
~ It's NAFTA's fault
~we are living in the New World Order
~Deflation Depression
~Exessive China trade for shoddy merchandise
~Free Trade is good
~US corporate tax is world's highest
~the Landlord Bubble
~youth becoming deluded narcissists
~middle class being strangled by inflation
~the Media is way off target
~poor getting poorer is new phenomenon
~US is too big to fail
~need term limits for Representatives
~need to repeal the 17th Amendment
~need to revise the 16th Amendment
~need to reduce Cabinet positions to seven
~need to go Isolationist
~stop paying Dictators for permission to feed their starving masses
~we have a Placebo Democracy
~all profit comes from someone's pocket
~leaders are corrupt
~Government creates no wealth
~copyright laws benefit the elite only
~people are the whole problem
~Quantitave Easing
~Debt=Money
~all should read "The Creature From Jeckyl Island"
~only Economists can understand
~we elect politicians rather than people
~Debt and the Dow are proportional
~debt can be invested
~unemployment and wages are inversely proportional
~poverty causes wage reduction
~low wages stimulate profit and productivity
What was not mentioned, surprisingly to me, was if the DJIA got Barack Hussein Obama re-elected
Have a look at the 9 links in the post
Conclusion?. . . Wall Street and Main Street are independent!!

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    Jan 22 2013: Here you go Ed.

    This may seem conspirawhako but it's not, as it has a lot of my people up and arms over the negotiations that was held in my country last year, it may seem to benefit your country but you won't see one dime of it.

    http://www.wakingtimes.com/2013/01/21/the-trans-pacific-slam-job/

    Most of what it describes is true as our protesters who can be quite scrappy resorted to violence which wasn't good but it got the media focused on the meetings that were top secret. Hopefully my country and Australia stick by their ambivalent attitude to the demands made by these vermin.

    Edit = So this might be a good excuse to lower the green back?
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      Jan 22 2013: Free trade is not a bad thing, it benefits both traders. But they become traitors when they use crony capitalism.

      This goes on in the states big time. One example Sugar has tariffs on it despite NAFTA, this makes corn syrup a viable alternative which has raised the price of corn (which effects the price of meat and drains the Ogallala Aquifer) and kept the price of sugar artificially high.
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        Jan 22 2013: I wouldn't mind seeing a lot more american products on our shelves to balance the substandard asiatic products we have now but cronyism only corners it for a select group. Our government stopped subsidizing our farmers in the late 80's, the only draw back is it pushes local prices up with anything to do with dairy but it also weeded out the chafe.
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          Jan 23 2013: But the market place wants the Chinese stuff. I suppose at some point the mentality will change when people realize yea the Chinese stuff is cheaper but I'm tired of replacing it every 6 months.
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        Jan 23 2013: I found that link for currency warning

        http://www.youtube.com/watch?v=XN7ZIrfqD7Q

        I'm all for trade though it will be more expensive for American made it will also give our dairy industry a slight boost even if they alter the packaging to state it is American grown, Canadian bacon is cheaper in Nz than our own bacon and some packaging states Nz pork. It makes a lot of us laugh.

        I don't know about you but you have got to try Uruguayan beef, it put's all I've ever tried except game and wild steer to shame, it makes my countries beef taste like rubber.
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          Jan 23 2013: That sort of thing is always going on to some degree. I remember in the mid 90's the Canadian dollar dropped from being equal to about 60 cents on the American dollar right after NAFTA, business sure got sucked out of the U.S. then, now the U.S. dollar is back equal to the Canadian dollar.

          I don't know the implications of this so I can't say anything else.

          This article is somewhat of a tangent but not to the OP and explains some things about inflation that Bob and I have talked about in the past. I hate to admit it but maybe some of the conservative rhetoric was a bit distorted?

          http://www.forbes.com/sites/pascalemmanuelgobry/2012/10/19/no-the-united-states-will-not-go-into-a-debt-crisis-not-now-not-ever/
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        Jan 24 2013: Great article but it was the comments that had the greatest knowledge pending who you believed. I remember reading this theory? a few years ago.

        What do you think if iran or israel started intimidation tactics to force the States to use more diplomacy in the region at the same time china and japan start getting real nasty with each other further pulling the States into a shaky position, wouldn't the market get a bit shaky?

        You guys have the Pacific Pivot in place i think and here's some good news.

        http://www.adelaidenow.com.au/news/south-australia/trillion-shale-oil-find-surrounding-coober-pedy-can-fuel-australia/story-e6frea83-1226560401043
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          Jan 24 2013: The whole deal with war is who is the third party, generally the military industrial complex.

          Does their influence trump the benefits of trade? Is it a coincidence that the people that go to war with the U.S. or vice versa don't have much trade with the U.S.?

          The thing about oil production is the units of energy required to retrieve energy. Shale oil is down there but technology changes things. But it will not be as cheap as sweet light crude. It just changes the economy for a while.
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      Jan 22 2013: Thanks (I think) for the link. At least I heard the acronym "NAFTA" being thrown about but this is the first I have heard of the apparently Top Secret TPP. Is this the Orwellian pigs making their move to secure their status as "more equal" than us other animals on the farm, the poor and working middle class? We have had a big news item regarding a severe criminal penalty being imposed on a young American found guilty of breeching copyright/royalty laws. Sadly he killed himself. We must give the enemy a name. The name "They" is impotent and ambiguous. Should "They" be re-named "Wall Street", or The Illuminatii", or "The Tri-Lateral Commission", or The Bilderbergers"? I think it is important to realize the health of Wall Street is no longer an indicatior of the health of America (read Mr. Gilbert below). Of course most farm animals will pay no attention to TPP or any of this, while some will shout "Conspiracy Alarmists! Whackos!" The POTUS will hone his skills at skirting Congress while looking for icebergs (read Mr. Winner below) with which to joust (sorry about the mixed metaphors). This ain't good.
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        Jan 22 2013: There is already a TPP in place if this falls through but what got us riled was the secrecy behind this change and amendment. I don't mind trade or concessions when breaking new markets except this doesn't benefit the little guy who has to pay extra for medicine when we have cheaper alternative currently available, Big Pharma doesn't hold sway here but even i know a bad deal when i see one.

        This year we are worried our dollar might reach parity or close to it and our exporters are screaming already, life is tough, this we all know but this is a first I've ever come across a blatant push for adopting a set of laws that wasn't put through the normal processes.

        EDIT = All countries benefit from trade and since my country changed it's tack with the States 25 years ago there was a cooling between the two over our non nuclear policy which it seems a little dated now. I just don't like this hardball stance.

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