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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Kip518 who wrote (66093)	2/12/2003 2:12:23 PM
From: At_The_Ask	Respond to of 209892

ROFL...he's just mad cause gold dropped 40 bucks after he screamed and yelled that it was going straight to the moon. I didn't see that mentioned in the quick scan that I gave the piece, what exactly happened?

To: Kip518 who wrote (66093)	2/12/2003 2:17:47 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 209892

<<Sinclair peeved at Puplava for giving Prechter air time and pulls his stuff from Jim's site.>> Sounds like he's going off the deep end...never let your emotions affect your trading!<NG>

To: Kip518 who wrote (66093)	2/12/2003 6:05:48 PM
From: skinowski	Respond to of 209892

Thanks. Mr. Jim Puplava is an interesting guy... The news business was undergoing a transformation from providing just the facts to becoming an entertainment and opinion business. The new management team went for the sensational. They suggested that I "dig for dirt" on local stock companies. I began to see how news is turned into propaganda. Nightly I watched how sound bites were altered to produce a desired effect. In some cases, news was slanted to reinforce a particular political point of view. I watched creative technicians in the editing booth as they changed the original viewpoint of those interviewed by taking words out of context. -------------------------------- During the 1930s when nations around the world were experiencing economic hardship, two views on what was wrong economically and how to fix what was wrong emerged in economic circles. These two views were expressed in John Maynard Keynes book on the “The General Theory of Employment, Interest and Money" and Ludwig Von Mises' “Human Action.” It was Keynes’ view that prevailed and set us on the course of monetary debasement, deficit spending and government intervention in the economy. Following Keynes’ views has transformed this country from the world’s largest creditor to history’s largest debtor nation. We have gone from a country that saves, invests and makes things to a country that borrows, spends and consumes. When we first embarked on this present course of action, another book appeared by F.A. Hayek called “The Road to Serfdom.” When the book first published in 1944, it inspired as well as infuriated the politicians and scholars of the day. In 1944, the Labor Party ruled Britain and in the US, the Roosevelt Administration favored the path towards socialism. Eleanor Roosevelt even supported the economic programs of Joseph Stalin. “The Road to Serfdom” challenged these views and warned of the dangers of states' control over the means of production. "The Road to Serfdom” stands to this day as a warning over the dangers of collectivist thought and a serious meditation between individual liberty and government control. It is with deep sadness that I see that we are once again traveling down that road. The dictatorship of thought is paving the way towards political dictatorship. Orwell’s world of Winston Smith is slowly and subtlety emerging in our political discourse, in our systems of higher education, in our media outlets, and sadly, in our own investment markets. Examples of this emerging trend are everywhere. I will confine the remainder of this discussion to its emerging presence in the investment markets. Nowhere is this more prevalent than on Wall Street and in the gold camp, the last place you would expect it to surface. Gold is the very epitome of economic freedom because it stands as no one else’s liability. On Wall Street over the last five years I have seen good and honest analysts leave the profession by free will or otherwise simply because they expressed a view that ran contrary to the bull market in stocks. Anyone that questioned the merits of an IPO or the mania-like valuation of stocks was told to shut up or they lost their jobs. Throughout the bear market that emerged since 2000, the prevailing view has been that there would be a second-half recovery. It wasn’t until the terrorist attacks of 9-11 that Wall Street and the financial media were willing to acknowledge that we were indeed in a recession and a bear market for stocks. By then, they could safely hide behind the attacks of 9-11 as cause for the damage. Last year’s predictions for a return of the bull were blamed on corporate malfeasance. This year it is Iraq.