Come on People; WAKE THE [BLEEP] UP!

By: Joseph Russo | Sat, Jun 30, 2012
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The never-ending D-Days of the 21st Century are getting extremely dangerous.

The revolving 'D's are all disgustingly circular, establishing a vile state, destabilizing in its nature, which entrenches a widespread destructive status-quo paralysis throughout the fabric and core of all societies subject to them.

Despotism, Deception, Denial, Dissent, Dillusion ...

No matter how broadly one searches for a consensus of clarity, reason, actionable-leadership, and commonsense solutions to mounting global challenges of epic proportion, they are simply not available.

In contrast, there is no shortage of divisive solutions ranging from the sublime to the ridiculous, which arguably warrant full examination in an entirely separate endeavor.

Why is it so utterly impossible for leadership to stop dreaming and instead begin to formulate objective common-sense solutions no matter how difficult or painful they might be?

Amid ones quest for such answers, occasionally one stumbles upon a rare voice speaking truths ground in simple logic and common sense.

Today, as it relates to the global debt trap and the growing dilemma of central banks, I stumbled upon one such voice, the voice of Charles Biderman, founder and CEO of TrimTabs.

Mr. Biderman asks simply; why does the financial world still believe in something for nothing?

If Mr. Biderman's piece was not quite enough to quench your thirst for basic common sense, perhaps paraphrasing some passages from Adam Smith's Wealth of Nations might help.

"Prudence and good conduct of the majority, in most instances, is sufficient to compensate, not only the recklessness and misconduct of a minority private citizens, but the state's public extravagance of government.

The uninterrupted effort of every man to better his condition, the principle from which public and national, as well as private wealth is attained, is frequently powerful enough to maintain the natural progress of affairs towards improvement, in spite of both the extravagance of government, and the greatest errors of administration.

Like the principle of animal life, it frequently restores health and vigor to the constitution, in spite not only of the disease, but also of the absurd prescriptions of the doctor.

True wealth increases by savings, and diminishes by recklessness and misconduct. Whatever a person saves from his labor he adds to his wealth, and either uses it himself in maintaining his ability to continue producing, or entrusts some other person to do so, by lending it to him for an interest, that is, for a share of the profits such a loan may produce.

As the wealth of an individual can be increased only by what he saves from his annual income, so is the wealth of a nation, which is the sum of all the individuals who compose it, and thus a nations wealth can be increased only in the very same manner."

How refreshing was that? Unfortunately, Mr. Biderman's brief synopsis makes it painfully clear that the world has reached a stage of decline whereby the prudence and good conduct of the majority of its citizens is no longer sufficient or able to compensate for the misconduct of the few in concert with the extravagance of government.

On that note, we shall end with an observational opinion of the Supreme Court's recent ruling.


Order in the Court

In upholding Obama-Care as constitutional, mainstream media has conveyed that chief justice Roberts of the Supreme Court framed his decisive vote to uphold based upon the constitutionality of the Federal Governments legal right to impose taxation. (This staple concept itself needs comprehensive reconsideration.)

US Supreme Court

Justice Roberts inference of shifting the responsibility to Americans to elect a congress that shall execute their wishes in deciding what is taxable, is further proof that America is no longer the republic it set out to be, but rather a broadly corrupt, pass-the-buck-partisan, social-democracy to which neither adequate representation or accountability is rendered by its career politicians or appointees.

It matters not who we vote into office, but rather the composition of"the system and controlling power structures" to which those elected individuals become bound and obligated to serve.

George W. Obama - STATIST
George W. Obama

For the last 100-years, once elected, the vast majority of politicians are indistinguishable in their complicity to serve the insatiable powers of the state and those who legally fund and direct it, vs. serving impartially, the most basic and general common interests of its people.

Often accused of conspiratorially attempting to create an evil and clandestine New World Order, if the most powerful forces on earth allow the world to continue on its present course, in due time, there shall be no order at all. Let's hope that's not the plan.

It is essential that bold leadership arise and clear heads prevail in reconstituting the enlightened principles and formal Rule of Law (vs. rule by law) upon which free and thriving societies can best sustain themselves in general accord.

 


 

Joseph Russo

Author: Joseph Russo

Joseph Russo
Chief Editor and Technical Analyst
Elliott Wave Technology

Joseph Russo

Since the dot.com bubble, 911, and the 2002 market crash, Elliott Wave Technology's mission remains the delivery of valuable solutions-based services that empower clients to execute successful trading and investment decisions in all market environments.

Joe Russo is an entrepreneurial publisher and market analyst providing digital online media solutions designed to assist traders and investors in prudently and profitably navigating their exposure to the financial markets.

Since the official launch of his Elliott Wave Technology website in 2005, he has established an outstanding record of accomplishment, including but not limited to, ...

  • In 2005, he elicited a major long-term wealth producing nugget of guidance in suggesting strongly that members give serious consideration to apportioning 10%-20% of their net worth toward the physical acquisition of Gold (@ $400.) and Silver (@ $6.00).

  • In 2006, the (MTA) Market Technicians Association featured his article "Scaling Perceptions amid the Global Equity Boom" in their industry newsletter, "Technically Speaking."

  • On May 6 of 2007, five months prior to the market top in 2007, though still bullish at that time, he publicly warned long-term investors not to be fooled again, in "Bullish Like There's No Tomorrow."

  • On March 10 of 2008, with another 48% of downside remaining to the bottom of the great bear market of 2008-2009, in "V-for Vendetta," using the Wilshire 5000 as proxy, he publicly laid out the case for the depth and amplitude of the unfolding bear market, which marked terminal to a rather nice long-run in equity values.

  • Working extensively with EasyLanguage® programmer George Pruitt in 2010 and 2011, the author of "Building Winning Trading Systems with TradeStation," he assisted in the development of several proprietary trading systems.

  • On February 11, 2011, he publicly made available his call for a key bottom in the long bond at 117 '3/32. Within a year and half from his call, the long bond rallied in excess of 30% to new all time highs in July of 2012.

  • For the benefit of members and his general readership, he responded to widespread levels of economic and financial uncertainty in the development of Prudent Measures in 2012.

  • He publicly warned of a major top in Apple on October 26, 2012 in the very early stages of a 40% decline from its all time high.

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TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/