Skip O'Neill – Liberty for All

Ron Paul for A New Direction

Posts Tagged ‘GOP

Currency Wars: Americans are throwing gold and China is throwing paper

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currency war

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Written by opinionoregon

May 8, 2013 at 3:31 pm

The last time the Dow was this high…..

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The last time the Dow was this high…

•Food stamp participation was 26 million, today it’s 48 million
•Gas was $2.75, today it’s $3.80
•Gold was $748, today it’s near $1,600
•U.S. National debt was 9 trillion, today we are at $16.4 trillion

We will see a downgrade in the U.S credit rating in 2013

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A new downgrade in U.S. credit rating by S&P and perhaps Moody’s. This week Moody’s fired a warning shot to the U.S. Treasury, we believe if Moody’s plans to remain credible, they will need to downgrade the U.S. this year. Probably in the next 90 days during the debt ceiling crisis, if this happens, expect a massive shift to the precious metals as the world begins to acknowledge that the U.S. will have to print to keep interest rates artificially low.

Written by opinionoregon

January 8, 2013 at 5:05 am

Recession in the U.S. to be official

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Recession in the U.S. to be official in 2013. We know that for many of you reading this, you are probably asking when did the 2007 recession end. Well officially according to National Bureau of Economic Research, the recession ended around June of 2009, even though for those of us living in reality, the recession never ended. Food stamp use continues to make new all time highs, with 1 million people added in the past 2 months, coincidentally the same amount of people who have dropped out of the workforce during the same time frame. Gallup’s polling information continues to give us a real unemployment number in the teens with it being steady at 20% when you include everyone who wants a full time job that doesn’t have one. With that said, even the mainstream media and economists will admit this year that the U.S. is in a new recession, perhaps even stating that it started in late 2012.

Written by opinionoregon

January 7, 2013 at 3:17 pm

Hyper Grid-lock in D.C. is in store for 2013

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Hyper-gridlock in D.C. If you think the last few years have been ugly, wait until you live through 2013. Congress is in a non-election year and the President is in his final term, so both sides will be bolder than ever when it comes to drawing a line in the sand. Post-Fiscal Cliff deal the IMF and Moody’s have come out with statements, Moody’s saying, “Medium term actions may be needed to support Aaa” and the IMF says, “More remains to be done on U.S. public finances.” The odds of anything being done about our fiscal mess is probably pretty low, since the entire revenues of the U.S. pay for just our entitlements and interest on our debt. Borrowed money goes towards everything else in the Federal Government including the entire defense budget. Fixing the U.S. spending problem with the very people who advocate for more government and cherish their pet projects is probably impossible. Expect significant volatility during the debt ceiling increase and the new fiscal cliff deadline in 60 days, both these political talks will create excellent opportunities to trade as well as buy in on any big dips of companies you may be watching.

Written by opinionoregon

January 4, 2013 at 10:46 pm

Ban Public Schools, Not Guns

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Columbine. Virginia Tech. Newtown. What do they have in common? They are shorthand for “tax-funded schools where mass murderers plied their trade.” The murderers all were students in, or graduates of, the tax-funded, state-run educational system in the United States.

Read more: http://teapartyeconomist.com/2012/12/31/ban-public-schools-not-guns/#ixzz2GeSMBk00

Written by opinionoregon

January 1, 2013 at 5:35 pm

Wage and Price Controls hurt those it is intended to help

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A minimum wage is considered a price floor. In other words, it is a level below which the price of something is not allowed to fall.
When an employer is forced to pay someone a wage that is higher than what the free market would bear, they must make a decision to hire that person or not. If the cost to hire a person at an artifically higher wage is not cost effective, he/she will not make the hire. In addition, If a small business owner is paying his employees an hourly rate and that rate is raised by minimum wage laws, he/she has to make a key business decision; who should I fire to cover for the rising labor costs. Remember, minimum wage laws are political. Politicians would never get elected if they said, “Let’s get rid of minimum wage!”