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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (78270)	8/23/2011 8:03:27 AM
From: Hawkmoon	1 Recommendation Read Replies (1) \| Respond to of 217792

I'm of mixed emotions here.. I know the dangers of parabolic spikes in any asset price and how they ultimately end in pain. Look at Gold back in the '80s and how long it took to overtake its highs from that decade? Look at Silver back in May.. And the author makes a very good point that hiking margin rates will eventually have an impact on gold speculation as the returns no longer match or exceed the cost of buying on margin. As for the "Crime against Silver", of course miners will complain. After all, that's how they make their living.. digging a shiny metal out of the ground in hopes someone will find it of value for industrial purposes or jewelry.. My view is the converse is also true. No representation without taxation I tend to agree.. I just want taxation to be simpler and consumer based (minus essential staples of existence). If you consume it, you pay taxes on it. If you choose not to consume, you don't pay taxes. But this approach requires the government to be quite stingy on their spending since tax revenues will sharply vary from year to year. They must save for a rainy day with emergency budgetary reserves. I've never agreed with the income tax, but am not about to disobey the law. If people work, they should be taxed based upon how they use that money. If they save it, don't tax them, as this prevents them from becoming wards of the state. I like FAIR markets, not free. Right now we supposedly have "free markets" in unregulated derivatives trading. But we also have now transparency on the liabilities and the leverage. And with the onset of "dark pools" and naked short selling, as well as HFT, I see some REAL dangers to public confidence in the markets. Give a monopolist captalist the opportunity, and they will work to destroy any competition through sheer monetary power. As for silver being the best conductor, that matters not if the added efficiency is overshadowed by it's high price. But you're definitely correct about molecular silver as an anti-bacterial agent. I've tried it.. it works. And it's sad that we focus on anti-biotics when silver has a similar effect on destroying viruses and baterial. On the whole, we agree on many things.. I definitely believe the government should represent the electorate. But to go even further, I think that government has it's first obligation to the people of the nation, not to slavishly adhering to some particular economic theory. Economic theories should be tools used to make life better for the greater whole. Hawk