Been haunted by a million screams
But I can hear the marching feet
They're moving into the street.
Phil Collins - Land of Confusion
Listen to entire song here: http://www.jango.com/music/
Proponents of reinstating the draft claim it is needed to protect liberty from enemies abroad. But what about the enemies of liberty right here at home? I am convinced that there are more threats to American liberty within the 10 mile radius of my office on Capitol Hill than there are on the rest of the globe. - Ron Paul http://www.campaignforliberty.
U.S. Rep. Walter Jones, R-N.C., has introduced legislation that would impose fines or prison time on presidents or executive-branch officials who "knowingly and willfully" mislead Congress to gain authorization to use U.S. military forces.
Disarming the People, then oppressing them
State of Emergency Executive Power.
What About the Markets
Europe and Asia were down on Monday. Remember what I wrote a few months ago here. That the S&P 500 price to book ratio was 1.0 in 1982. Even today it's above 1.0. This is the best long term indicator there is.
Last week we made 15% shorting SSO, British pound, and Euro.
It ain't over yet. JP Morgan has a market cap of $92 Billion. That's a lot. It could be the next big one to go. Remember, the Feds knew about all of this. The SEC didn't care. These are all Business school grads who have no clue what they're doing. A few years out of school. so, the entire financial sector was wrecked by a bunch of 28 year olds and their bosses who were clueless. You didn't really think they were experts did you?
In 2002 JP Morgan bottomed at $12 bucks. It's at twice that right now. It's not a good short at this exact moment, but when the time comes, I think it will be.
Good Trading,
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