Reginald Kaigler's thoughts on politics, social issues, the economy and world at large.
Wednesday, October 13, 2010
Ron Paul Warns of Soviet Style Collapse of America
Ron Paul went on Fox News to warn people about a potential revolution in America. He's given up on using the system to reverse the reckless laws that have been recently created. He also doubts that the Republicans will change much in Washington if the GOP wins big in November. The most stunning prediction was hes declaration of a Soviet Union-style Collapse. Ron paul explained,
"We're going to give up the empire. The Soviets literally gave up their empire. And we will -- for financial reasons. We won't be allowed to have a presence in the Middle East. We won't be capable of paying for the troops in Japan."
Will Americans heed his warnings?
Vote in the comment section.
Monday, October 11, 2010
Watch the U.S. Dollar Closely
Keep your eye on the currencies. The U.S. Dollar is continuing to struggle against the yen and the euro. The dollar has dropped to 81.39 yen -- the lowest in over 15 years. This is below the levels where the Japanese government jumped into the foreign exchange market in the 1990s. The USD is also struggling against the euro. The EU currency is now at $1.40. This means that the dollar is getting weaker against other currencies, while it losing value against gold and silver.
Gold is trading around $1350 per ounce. Silver is in the 23 dollar range.
Remember, trends forecaster Gerald Celente has not only predicted the crash of 2010, but he's predicting a currency crisis. I've been saying that I expected a hyperinflation in the latter part of 2010" for over a year. I even made a video at the beginning of this year discussing what I expected to happen this year. So far, most of it has not come to past. Yet!
Listen to Gerald Celente cover the latest developments.
Dollar falls as 'currency war' concerns linger
Live Gold and Silver Market
Friday, October 8, 2010
Unemployment, Jimmy Rogers & Vice President 2012
Unemployment
The government’s broader measurement of unemployment (U6) hit 17.1% in September . We had a net loss of 95,000 jobs. We gained 64,000 in the private sector, but lost over 159,000 public-sector jobs. Ouch! We also lost 77,000 temporary census jobs. Big Surprise!
Read more…
Jimmy Rogers
Jimmy Rogers laid down the law when he described the current economic environment.
"When you print a lot of money, the people who get the money are better off -- there's no question about it. But the country, the world is worse off," Rogers says. "Sure some of us feel much better, especially people in the financial markets but...the world is not getting better. The world is getting worse."
He warned people to protect their assets with hard precious metals. Read more…
Frankly, the writing is on the wall. Oil rose above 84 bucks, gold hit a record hit of 1330 and the U.S. dollar move below 82 yen.
Vice President 2012
I came across this silly article entitled “The Fast Fix: A better 2012 VP nominee: Biden or Hillary?” Newsflash: no one votes for a Vice Presidential candidate. In 2012, the American people aren’t going to care about Biden or Clinton. They’re going to be more concerned about jobs and standard of life than who’s going to be VP. The top of the ticket is the only thing that matters. If Dan Quayle couldn’t ruin George H.W. Bush’s presidential run, don’t expect Clinton to save Obama. Besides, if Obama loses, it will be his policies that sink him, not Biden. Ditching Biden just looks desperate.
Wednesday, October 6, 2010
Ireland Downgraded; Would McCain have been Better?
The inevitable has happened. Fitch has downgraded Ireland to A+.
"Typically a negative outlook implies a slightly greater than 50% probability of a further downgrade over a 12-24 month horizon," Fitch said.
Read about here.
Meanwhile, the Europeans continue to protest austerity measures being implemented across the continent. It's like I've always said, "The Americans have the guns, but the Europeans have the guts." Unfortunately, I can't name one nation that has both.
Responding to SHTF Plan blog entitled "Would President John McCain Have Been Any Different?"
If John McCain was elected President in 2008, where would will be? probably in the same place that we are now. Like Obama, Republican John McCain supported the banker bailouts and the warmongering on Capitol Hill. John McCain may have been less hawkish on Pakistan and more aggressive in dealing with Iran. Israel would have been much happier with McCain. The bankers may have not cared, because they control them both.
So would McCain have been any better?
Well, the gridlock in Washington would have limited his ability to damage the nation, so in that sense, perhaps he would have been a better pick. On the other hand, McCain may have already started World War 3, so who knows. It really doesn't matter if the president is a republican or a democrat, the system in which he or she operates makes it almost impossible to have any real change. These people are selected before they are elected.
Monday, October 4, 2010
MP Philip Davies: Euro Zone is Collapsing
Russia Today interviewed Conservative Party (Member of Parliament) Philip Davies and he didn't bite his tongue about the state of Euro Zone. He was asked how the Irish situation will affected the Euro Zone.
"Well, I think we're seeing the collapse of the Euro Zone. It goes to show that the system was flawed. You can't have countries with different economic circumstances all being forced into the same interest rates."
Bingo!
Part of the problem is that most of these countries are borrowing cash from other countries. They seem to have the same "spend more than you make" mentality as the United States. What surprised me about the interview was his willingness to talk about civil unrest. Last week, workers all across Europe marched in protest. That was only the prologue to the revolutions that will spark all across the world.
Sunday, October 3, 2010
Obama Nation: Rats Fleeing A Sinking Ship
They say rats flee sinking ships. Larry Summers" will be abandoning his post as Obama's economic adviser. There's rumors that Former Xerox CorpChief Executive Anne Mulcahy may replace him. But who in their right mind would want to jump on a sinking ship. Obama's policies have failed miserable. In early 2009, the President claimed that if Congress didn't pass his stimulus package, this economic crisis would become a catastrophe. Yes, he used the word "catastrophe." He even claimed that unemployment would hit 8%. So here we are, October 2010 and the unemployment rate is 9.6%. When the latest data is released, unemployment will rise again. Don't take my word for it. Read it here.
Obama's team is disappearing fast.
Chief of Staff, Rahm Emanuel, is also out the door.
Chief Strategist, David Axelrod, will be leaving in 2011.
Meanwhile, many Democrats are running away from Obama and the party brand like it's the plague. Obama's polls are not encouraging. Most Americans disapprove of his performance and if the economy takes a bigger dive before election, we could have a lame duck president by Christmas. Remember, the economy is much worse than it ever was doing the Clinton administration. The economy was improving by the time the Democrats received their ass beating in 1994. Obama is not as fortunate.
The danger is that Obama will become a lameduck and create even more damage than before. It's really sad. Most of these clowns gave Obama terrible advice and now that the consequences are being felt, they're jumping ship. I guess Larry is leaving the economic adviser post before the economic floor collapses.
Will October have a market crash? Historically, when you have a head and shoulders pattern and an over-valued market in September, October don't look good. In any event, I'll be focused on unemployment and the real economy.
David Axelrod
Larry Summers"
Friday, October 1, 2010
More Guns, Less Crime!
For decades, pro gun control advocates have railed against the second amendment, claiming that an increase in availability of firearms will increase the likelihood that more criminals will get guns and commit crimes. Especially, they have argued that more guns means more crime. But the data now shows conclusively that this notion is wrong.
In 2009, millions of nervous Americans bought more guns than in any recorded year before. Many citizens were worried that the new administration would represent a threat to the availability of certain guns and we witnessed one of the greatest gun scares in U.S. history. Accord to the NICS, the total number of background checks soared to a record 14 million. That's a 10% jump in sales. This is based on the number of firearms that go through a background check. So they are very reliable.
12,709,023 gun sales in 2008.
14,033,824 gun sales in 2009.
1.3 million gun increase in sales. 14 million new guns on the street. And what happened to the crime rate?
According to the FBI's latest crime report, violent crime dramatically declined in the first half of 2009. Violent crime in 2009 had a 5.3 percent drop from the 2008 estimate, 5.2 percent below the 2005 level and 7.5 percent below the 2000 level. Some people claim that these reports can be bias by local law enforcement agencies. And that is true. All of these numbers can be boast or lowered by changes in the types of charges filed. All of these crimes except MURDER. Simply put, it's almost impossible for law enforcement agencies to manipulate the number of bodies on the street. Well, the numbers are clear: the number of murders dropped, significantly.
There was a 7.3 percent decrease in murders in 2009 (compared to the 2008 estimate), a 9.0 percent decrease from the 2005 level and a 2.2 percent drop from the 2000 estimate. By all means, there were less murders. More guns. Less murders.
2009 had a drop in every category compared to 2008.
Robbery
8.0 percent DROP
Forcible Rape
2.6 percent DROP
Aggravated Assault
4.2 percent DROP
There's two reason why I think we should be able to own guns.
1. To protect ourselves from a tyrannical government.
2. To protect ourselves against criminals.
An unarmed population is not necessary a safer population. People foolishly point out the low crime in Europe as an example of how gun control keeps people safe. But they never mention the fact that Nazi Germany implemented gun control in the 1930s to disarm Jews before they went on a mass murdering campaign that claimed over 6 million people in the Holocaust. They don't talk about Mao's China or Stalin Soviet Union. Hundreds of millions of people were murdered by their own governments in the 20th Century and it is still happening. What do you think Darfur is about?
"Should the U.S. get involved? Should we spend troops? How can we get aid to the people?"
Screw care packages, arm the people and they'll be able to shoot back! Darfur is what happens when a population is unarmed.
I don't care if you believe in owning a gun, but that shouldn't stop me from protecting my family. If you decide that you don't like guns. Fine, that will be your problem when some lowlife breaks into your house and gets his hands on your 15 year old daughter. Just don;t try to get other people killed by restricting law abiding citizens from owning a gun to protect their family from threats.
In conclusion, the numbers are clear. 2009 had more guns and less murders. More guns and less violent crime. To this date, this is a net-zero correlation between gun sales and crime. No gun zones don't keep people safe, they just provide target rich locations for mass murderers. Restricting gun owning of law abiding citizens only provides a safer environment for criminals and governments would want to abuse the citizens.
Preliminary Annual Uniform Crime Report, 2009
More guns equal more crime? Not in 2009, FBI crime report shows.
Total NICS Background Checks
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