SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC) -- Ignore unavailable to you. Want to Upgrade?


To: dave rose who wrote (369)9/28/1999 3:05:00 PM
From: ahhaha  Read Replies (1) | Respond to of 587
 
Nope.

I didn't vote for him, was against all his pork barrel ideas, and disagree with the obsequious style. I would have told the entire country to go to hell if I had been in his shoes over the social issues.

The reality is now that Washington, politics, and all those things that were so important, are now totally unimportant. It doesn't matter who gets elected, because the people are operating as self-sustaining individuals, not as wards of the state. Economic policy no longer originates in Washington, but in the individual board rooms of all companies big and small. Galbraith can no longer set prices and wages. Markets will reign supreme regardless of the leftover 20th century attempt to commandeer them for the presumed interests of the many.

The parallel with Reagan that you can't see is that Reagan actively chose to return control to the people, but Clinton inactively chose to return control to the people. Clinton didn't try to force a confrontation with the Congress or the people over the welfare state and populism. He would only send up trial balloons so that he seemed like he was pulling for his constituency.

That's what the people said when they elected him. They said they wanted a transition out of the welfare state, not a revolution. Clinton was a representative of the minority voice and therefore he must reflect that interest in his actions. It doesn't mean he sacrifices the interests of the majority like you could expect out of someone like Gephardt.

Do I have to remind you that Clinton and Gore sounded more Republican than the Republicans during the NAFTA debate? That tells you that those two know what is happening, but they can't cop the talk too much because they would create dissension within their own party. In fact, Clinton and Gore are not Democrats. They represent a third party.

The most important action you can take to assess history is to step away from what the media says. That means step away from your own prejudices which come from the reports of experts and insiders. It does wonders for your investments. It was critical in doing so to benefit from the current gold move. The entire downside move in gold since May was caused by the world's best mining and banking minds putting out the biggest collection of incompetent remarks ever seen in investment. You only had to go to the Gold Price Monitor thread and a few others to get what was really going on.