tag:blogger.com,1999:blog-49688821899042934282011-12-23T11:14:39.235-08:00THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.comBlogger331100tag:blogger.com,1999:blog-4968882189904293428.post-75026760917217834772011-12-23T11:14:00.001-08:002011-12-23T11:14:39.246-08:00

Since President Jimmy Carter said in the 70s that we needed to become energy independent, we have been sold a bill of goods by the government and the US press that we are at the mercy of the middle east when it comes to petroleum. Would you be surprised to learn that for the first time since the big war ended, we are now a net exporter of petroleum? Yes friends, this year we exported 753.4

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This is a column to illustrate whether your government does its best to provide a stable economy for the average American citizen, or whether it represents the fat cats who spend the big bucks. You decide. Following the crash of 1929, one of every five banks in America failed, and their depositors were completely wiped out. In 1933, the Glass-Steagall Act was passed in an attempt to prevent

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The US income tax is broken. One answer to the revenue problems of the US government is so simple, that it defies the imagination. And so fair, it would make the Equal Employment Opportunity Commission blush. The problem is that the answer leaves the highly paid Washington lobbyists totally out of the equation, and as well reduces the size and scope of the IRS. It also makes everyone pay their

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-77195428836873101172010-10-28T07:00:00.000-07:002010-10-28T07:00:59.815-07:00

I would say I am surprised at how the tea party has exploded in popularity with the public, until I remember what the Federal government did to cause it. Naturally, many patriots finally had enough and revolted. I voted for Dwight Eisenhower in 1956, and have never looked back, until now. The national GOP, in my humble opinion, is no longer the representative of the conservative common man which

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-22335339558903126662010-07-07T06:20:00.000-07:002010-07-07T06:22:29.826-07:00

WHAT NOW? There is an old stock market mantra, “Sell in May and go away.” It could not be more true this year. In the last 2 months, the Dow is down more than ten per cent, or $1,200. Volatility is increasing, up or down over $200 in a given day. The stock market is saying, look out below. If it goes as low as $9,600; look out below ‘til we reach $9,000 and possibly $8,700. These are the

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-26049954448727612982009-09-21T08:16:00.000-07:002009-09-21T08:17:55.396-07:00

The recent TEA (Taxed enough already) parties around the nation culminating with one in Washington, DC showed that most Americans are sick of the way the Federal government is continuing to take more and more of our hard earned income to pay for government expenditures (or at least use it for down payments on more financed borrowing). Unfortunately, what most Americans don’t realize is that we

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com4tag:blogger.com,1999:blog-4968882189904293428.post-70388676667194558672009-03-05T07:29:00.000-08:002009-03-05T07:30:44.628-08:00

I wish President Obama well, I really do. And I think he won the presidency with good intentions to change Washington for the benefit of most average Americans. But it seems he has already begun to come under the influence of special interests, which would protect their own turf at the expense of the general populace. On May 15, 2008, when gasoline was heading toward $4 plus per gallon, I

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com1tag:blogger.com,1999:blog-4968882189904293428.post-6440802513182430272009-02-23T08:25:00.000-08:002009-02-23T08:27:43.076-08:00

The Warren Plan On October 9, 2008, I offered my suggestion to assuage the tremendous housing deflation problem which our nation faces, the real epicenter of the extended economic recession (?) which continues to grow daily. According to the National Association of Realtors, the median home price nationwide in February was down 12 per cent from one year ago. But declines of more than 30 per

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-13155217650799069062008-12-17T10:23:00.000-08:002008-12-17T10:25:04.255-08:00

Last week I reminded you of my prediction this recession was starting last December, largely because the consumer, who was 71% of our gross domestic product, was tapped out. His credit card limit was maxxed, and his home equity line of credit was maxxed. I am still pulling for Ben Bernanke, but I have given up on Hank Paulson. He sold Congress a $700 billion bailout fund to buy troubled mortgage

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com2tag:blogger.com,1999:blog-4968882189904293428.post-70397082389192888492008-12-17T10:17:00.000-08:002008-12-17T10:20:22.273-08:00

This is a reprint of an article written last December, though it was not published until January 8. Today’s news reports that the National Bureau of Economic Research stated today that the economy reached a peak in December 2007, and has been declining since.Now I am predicting the next six months will make the last three months look like good times, in spite of last week’s bear market rally.

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-23697538708295314532008-09-21T10:11:00.000-07:002008-09-21T10:12:46.146-07:00

“Good judgment is the result of experience, which is the result of bad judgment.”- Anon. “Those who cannot remember the past are condemned to repeat it.”-George Santayana. Nearly 80 years ago, our country entered a great depression which only World War II effectively ended; not his honor, FDR, with his alphabet social programs. In the roaring 20’s, one could buy stock on margin, by putting up

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-7142658524017899712008-06-19T06:47:00.000-07:002008-06-19T06:49:04.765-07:00

Think About It You have probably seen our good buddy Willie Nelson advertising his Texas bio-diesel on television. It is a blend of petroleum based diesel with plant based bio-fuel. But, as Commentator Paul Harvey says: Do you want the “rest of the story”? To me, not surprisingly, it demonstrates the fallacies of believing that worldwide free trade is a win-win for everyone. The European

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Think About It God help us when our Federal government tries to do the same. I wrote recently about Senator Charles Grassley (R-IA) and his Blender’s Tax Credit, hidden in the JOBS ACT to help out the corn growers in his state, and the disastrous side effects. In 2005-6, corn was averaging $2 per bushel. Now, the future’s market for corn is over $7 per bushel. Yet in 2006, the US produced

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-46755297648039731132008-06-19T06:41:00.000-07:002008-06-19T06:42:57.910-07:00

THINK ABOUT IT If you read the Atlanta Journal, you may have seen recent full page ads paid for by the oil industry, dissecting the internal costs of a gallon of gas; which is now around $4.00 retail. According to the oil industry, they point out that around 73% of the cost of a gallon is for crude oil, the price of which is set by OPEC. This much of the story is true. What remains unsaid is

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-40209983093571920472008-06-19T06:38:00.000-07:002008-06-19T06:41:04.005-07:00

Think About It Aggravated that the price of gasoline is running around $3.50 per gallon and an average fill-up is above $50? The threat of a global recession brought crude oil down from $100, to about $90 a barrel for a while, but the dollar’s collapse has pushed it back to $117. However, we need to realize the problem is much greater than just price gouging by producers. The United States

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-75782938809507338992008-03-11T11:27:00.000-07:002008-03-11T11:28:37.477-07:00

Think About It “Give me control of a nation’s money and I care not who makes the laws,” a quote attributed to Meyer Amschel Rothschild, founder of the European banking dynasty. To see how banking developed, we need to go back beyond the birth of Jesus Christ. As civilization developed, feudal lords, or seigniors, were the first to assert power over others who became their serfs. At that time,

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-32319396722491235602008-03-11T11:26:00.000-07:002008-03-11T11:27:00.465-07:00

Think about It The Council on Foreign Relations describes itself as a non-partisan and independent membership organization promoting understanding of foreign policy and America’s role in the world. I describe it as an elitist, invitation only organization dedicated to bringing about a one world economy, to the detriment of the sovereignty of the United States. It was founded in 1921 by Col.

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-69786578747089607672008-02-15T16:49:00.000-08:002008-02-15T16:51:45.318-08:00

Think About It Let’s talk about CFIUS (pronounced sifius). No it is not a sexually transmitted disease. It is a committee that is supposed to protect your national interests---The Committee on Foreign Investment in the United States. Chaired by the Secretary of the Treasury, it includes members from Defense, State, Commerce and Homeland Security. Started by President Ford, its objective is to

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com1tag:blogger.com,1999:blog-4968882189904293428.post-90966281564577436132008-02-14T08:24:00.000-08:002008-02-14T08:25:40.543-08:00

Think About It To paraphrase Charles Dickens: “It is the best of times, it is the worst of times.” Last year, our stock market reached an all time high, while our dollar has reached a new low against the Euro, which now costs $1.46 American. Our bull market, which is down 8% year to date, is effectively supported by foreigners, who are buying us out, lock, stock and barrel. According to the

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-53167914703086140942008-02-06T08:11:00.000-08:002008-02-08T04:57:48.863-08:00

Think About ItSuper Tuesday is over, who do you think is the happiest camper in America?Bill Clinton. The man who became our President with only 43% of the popular vote, (remember Ross Perot and his groupies?) is edging ever closer to becoming the “first man” at the Clinton White House No. 2. Why? Two words: Super-delegates! Go back to 1968. The Democrat Party saw itself fall apart in disgrace

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-40493192819542669012008-02-05T06:58:00.000-08:002008-02-05T20:10:09.065-08:00

Think About ItIt’s time to build up your cash. As I predicted earlier, foreign nationals are buying us out, lock stock and barrel. Because of the sub-prime mortgage debacle, Morgan-Stanley has sold a $5 billion stake to Chinese interests. Merrill Lynch, likewise, sold $6.2 billion equity to Singapore interests. Recently Citigroup sold a $7.5 billion interest to Middle Eastern country Abu Dhabi.

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-82341099164442022142008-02-05T06:53:00.000-08:002008-02-05T20:02:36.955-08:00

Think About It Aggravated that the price of gasoline is running a below peak price of $2.82 per gallon but still an average fill-up is about $50? The threat of a global recession has brought crude oil down from $100, to about $90 a barrel, temporarily. But we need to realize the problem is much more than price gouging. The United States needs to invest more money in becoming energy

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-68086067369854140002008-01-29T11:33:00.000-08:002008-01-29T11:35:12.489-08:00

Think About It Alan Greenspan is going around the nation to promote his new book and to preach to the people that this current recession is not his fault, hoping all the blame will fall on his successor, Bernard Bernanke. I respectfully beg to differ. We have said in this column recently that this entire financial collapse started when Greenspan’s Fed kept interest rates at an unrealistic 1%

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-42024393109492807972008-01-19T05:35:00.000-08:002008-01-19T05:37:06.850-08:00

Think About It Confused about all the fuss over the “sub-prime mortgage slime” and its ramifications? Give me 10 minutes and we will try to make sense of it and see how and why it turned the financial world upside down. The Federal Reserve, which is really a pseudo-government organization owned by its member banks, controls the interest rates in this country. After the tech stock crash of

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-71358521726733068292008-01-01T07:21:00.000-08:002008-01-01T07:23:11.489-08:00

Think About It True conservatives, arise and be wary. The neo-conservatives (neocons) are not really your friends and your brothers. Yet they are effectively taking control of the National Republican Party; which was revived in the 1960’s, when Barry Goldwater first cracked the wall the Democratic Party had built around the “solid south”. The neocon’s “self confessed” godfather is Irving

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com1tag:blogger.com,1999:blog-4968882189904293428.post-83893532991307142492007-10-12T10:05:00.000-07:002007-10-12T10:11:49.120-07:00

Think About It Let’s talk about inflation. It is certainly a perennial problem in America, so it should be of interest to everyone. We are taught that inflation is the result of wages and prices increasing. We are even taught to measure it by a government invention called the Consumer Price Index. The index compares current consumer prices to previous consumer prices to see how many more

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-27080057174757423822007-10-03T07:22:00.000-07:002007-10-03T07:23:40.831-07:00

Think About It There is more gold in the Federal Reserve Bank of New York vault than there is in Fort Knox, Kentucky. Unfortunately, most of it does not belong to the United States. It is the gold reserves of foreign nations, on deposit there because it is yet considered the safest bank in the safest country in the world. The U. S., arsenal of democracy during World War II, is said to have

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com2tag:blogger.com,1999:blog-4968882189904293428.post-65696554592446821782007-10-01T11:19:00.000-07:002007-10-01T11:22:08.559-07:00

Think About It In 1792, the dollar of this country was pegged to silver and gold, or a bi-metallic standard. Dollars could be exchanged with the government on demand for a set amount of gold or silver. In 1862, because of the Civil War, the government issued paper money without metallic backing for the first time. After the war ended, a financial panic ensued. In 1875, the link to metal was

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com3tag:blogger.com,1999:blog-4968882189904293428.post-69769635639834297202007-09-28T06:53:00.000-07:002007-09-29T08:47:12.806-07:00

Think About ItCongress made two previous attempts at a central banking system decades before it created the Federal Reserve Bank. A central bank is considered a “lender of last resort”, literally meaning it can “create” money to lend. Alexander Hamilton, a Federalist, advocated the first central bank. Thomas Jefferson and Patrick Henry asserted it was unconstitutional (Congress had been given no

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-43156689662193366182007-09-27T07:07:00.000-07:002007-09-27T07:09:39.910-07:00

Think About ItSomeone older and wiser than me is quoted as first having said: “Government will expand to expend every tax dollar it receives.” The literal meaning is that government will not hasten to reduce our tax rates even though revenues generally increase year after year. Our duty as citizens is to let our legislators know we understand and want change.The main causes of government revenue

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-63976461431982778562007-09-26T06:46:00.000-07:002007-09-26T06:47:18.608-07:00

Think About ItDo you know what the Federal debt is today? It is 8 trillion, 995 billion, 017 million and some odd dollars. To those of you who don’t remember, a trillion is equal to a million times a million. Then multiply this by 8.5 and you have our obligation. Your personal share is $29,678 and some odd cents. For a family of 4, their combined debt is probably more than their home mortgage.

THINK ABOUT IThttp://www.blogger.com/profile/10377369571626901171noreply@blogger.com0tag:blogger.com,1999:blog-4968882189904293428.post-12236847304569335022007-09-25T14:04:00.000-07:002007-09-25T14:06:28.469-07:00

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Think About ItThat’s the purpose of this column. My feeble effort to counteract the dumbing down of America, brought on by a number of reasons; chief among which is an insidious invention we know as television. Don’t come back here unless you are willing to use your brain for something other than a parking lot for the images and colloquy visited upon you by the electric intruder. What I want to

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