Skip O'Neill – Liberty for All

Ron Paul for A New Direction

Archive for February 2012

Is the Stock Market Really going up?

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The Central Bank Illusion of a Rising Stock Market

Once again, it is time for CNBC fans to get out their party hats, the Dow has broken through 13,000!!! My goodness, what an incredible nominal gain for those who invested in the Dow 5 years ago, wait a minute, scratch that because those that invested 5 years ago are still down. Yes it is true, the Dow has been nominally rising overall since March 2009, but this is mainly due to central planners printing like a Kincos employee of the month on steroids. Gold five years ago was $650 per ounce, today it was trading for around $1,750, a fiat gain of 170%. Oil was trading for around $60 a barrel the last time the Dow crossed the 13,000 mark, today it broke $106, for a fiat gain of 76%.

No matter how you look at the Dow Jones, in real terms, its ugly priced in stuff, the Dow is down. Priced in fiat currency that has been pumped into the economy by the trillions, the Dow Jones is up. It really is that simple, we are in a currency crisis and the result of central planners devaluing the currencies they are responsible for has given the illusion of a robust stock market.

Written by opinionoregon

February 21, 2012 at 9:16 pm

Greek Bailout will make everthing worse.

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After receiving a $145 billion bailout in May 2010, Greece is now seeking a second larger bailout from the European Union (EU) and the International Monetary Fund (IMF). Here we go again. Of course, throwing even more money at the European welfare state won’t solve its problems.  The Greek government created their own problems by rapidly expanding the welfare state over the past couple decades. A second U.S. taxpayer-financed bailout of Greece will only make the debt situation worse in the long-run.

Greece is a prime example of how socialism doesn’t work in practice. As U.K. Prime Minister Margaret Thatcher said, “the problem with socialism is that you eventually run out of other people’s money.” Greece’s government debt as a percentage of Gross Domestic Product (GDP) is a staggering 140 percent. The size of Greece’s bloated public sector is unsustainable. One out of every five Greeks is employed by the government. Some employees in the Greece Parliament do not even bother showing up to work because there are not enough places for all of them to sit, according to the New York

Ron Paul Rally – Must Attend

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Thursday evening I drove to Vancouver, WA (from Portland, OR) hoping to see Dr. Paul speak.  I knew what he was going to say because I’ve been saying the same thing for 20 years.  I just wanted to show support for Liberty in the “left” corner of the country.  In retrospect, I must be the most blessed person alive.

Upon arrival, the crowds on the street were enthusiastic and full of energy.  I found the doors to the convention center and saw a line of several hundred people, so I walked to the end of the line.  Waiting for 10 minutes and more and more people were joining the line, which was NOT moving at all.  After another 10 minutes the security guard came out and asked us to step back and not block the entrance to the “closed” parking structure.  The now 200 foot linel backed up about 15 feet to allow cars to enter and exit.  Less than 2 minutes later here comes a black SUV and I see Carol Paul in the back seat and the car turn right in front of me and stops and there is Dr Paul less than 5 fee from me, waiving.  That is not all.

The line began to move slowly as hundreds more people joined the back of the line.  As I made my way to the head of the line, the security guard pointed at me and said “You are the last one to get in”.  It was standing room only at that point.  I walked into the room and stood directly in front of the media cameras with a great view.  45 minutes later as the speech was ending, I walked up to the front while everyone was chanting President Paul, President Paul.  Once at the front of the room, Dr. Paul stepped over to a very brief receiving line (crowd is more like it).  He signed a few books, hats and shook some hands.  I was able to step up and wish him luck and get a quick snap shot speaking to him.  Right after the picture was taken, he was ushered over to the media corner and out of the building.

  1. Great parking spot
  2. Seeing him drive into the building
  3. Last guy in the door to see him
  4. Meeting him and wishing him luck

What comes around goes around and I am truly blessed in the world.

Greece Problems coming to America..

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If only things were as peaceful as in this picture is of Greece. A foreshadow of what is coming to the U.S. is being shown in Greece as the Greek Parliament approved austerity measures that were very unpopular with the people. 34 buildings have been set on fire as the masses in Greece rose up against the government.Take these instances in Europe as something that could be happening in the streets of Los Angeles, New York, and Chicago in the very near future.

As a result of the European crisis, major U.S. banks are actually receiving a larger share of global trading revenue in the  fourth quarter. The trend is expected to continue as Europe’s sovereign-debt  crisis continues. “There are some trends being seen across a lot of  different competitors and across a number of business lines, which if  they play out the way it looks so far, could help the U.S.  capital-markets banks in terms of market share,” said Guy Moszkowski of  Bank of America. As bad as everything is, at this point in history, the world still views the U.S. the best of the worst place to invest their money.

Written by opinionoregon

February 16, 2012 at 3:34 pm

Obama Budget Deficit

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The economy is not on track and the leaders are desperate for something to work. President  Barack Obama’s $3.8 trillion proposed budget for fiscal 2013 emphasizes  creating jobs while backing away from further spending cuts. He called  for increased spending for job training, community colleges, research  and development, and infrastructure, saying the nation “can’t cut our  way to growth.” Obama abandoned his promise to cut the deficit in half  by the end of his first term.While attempting to do the “conservative” thing by reducing the deficit, he can’t screw his voter base by taking away their government benefits. He is showing himself to be a very faithful leader for a certain portion of the population.

Even  if the debate over President Barack Obama’s budget is pushed into next  year, Congress will still have to make decisions on a few key tax items  this year. Areas that companies should watch include the research and  development tax credit, dividend tax rates, corporate tax rates,  manufacturing tax credits, and pension funding.

Written by opinionoregon

February 15, 2012 at 10:38 pm