If you weren't sure before, you can be now: a corporate takeover is underway in this country, and its targeting our pocketbooks, our healthcare, schools in our communities and even our democracy.
Alarmist? Not if you look at the agenda of ALEC, the American Legislative Exchange Council. This secretive organization pairs up big business with state legislators to draft bills that put corporate profits ahead of the public interest.
Common Cause has been out front all summer exposing ALEC's business-first agenda, challenging its tax-exempt status as a public charity and shining a spotlight on the political money spent by its members.
We need your help to keep the pressure on companies that fund ALEC and the elected representatives who do the group's bidding. Let's take our democracy back!
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Let's look at the numbers:
* In the past 10 years, ALEC's corporate leaders have poured more than $370 million into state elections.
* Common Cause has documented ALEC spending in all 50 states, with California alone targeted by more than $204 million to block tobacco tax increases and other popular initiatives.
* An estimated 2,000 state legislators are dues-paying members of ALEC.
* 22 major corporations sit on its "private enterprise" board -- including Koch Industries.
* ALEC boasts that 180 of its model bills are enacted in at least one state each year.
* ALEC-supported legislation has made it harder to vote in 18 states so far.
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and the rest of the team at Common Cause
P.S. Next week, Robert Reich (chairman of Common Cause's board) and I will be speaking at the Take Back the American Dream Conference. If you'll be in Washington, DC on October 3rd, 4th or 5th, I hope you'll join us there. If you can't be there in person, please check out our website where we'll have live streaming video from the conference.
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Common Cause is a national nonpartisan organization with chapters in 35 states. The mailing address is 1133 19th Street NW, 9th Floor, Washington, DC 20036. The phone number is (202) 833-1200.
Wednesday, September 28, 2011
The World's Safest Dividend-Paying Stocks
By Brett Eversole, analyst, True Wealth Systems
Saturday, August 13, 2011
The last three weeks have been among the worst ever on Wall Street...
Which investments held up the best? After such a dramatic selloff, which companies should you buy now?
Let's take a quick look at the selloff and its best performers to find out...
Between July 22 and August 8, the S&P 500 fell nearly 17%. This was one of the worst 11-day periods in stock market history. We've seen crashes this bad just five times since 1946.
After such a historic crash – where companies like Bank of America (America's biggest bank) and U.S. Steel (America's biggest steelmaker) fell as much as 35% – it's important to know which companies barely budged during the crisis. We know these are some of the safest companies in the world.
Yesterday, I screened the S&P 500 to find the best performers between July 22 and August 8. The table below shows the results...
As you can see, only 13 S&P 500 companies fell less than 7% during the crash. And only one company, Lexmark International, managed to move higher. (Lexmark had its own crash before the broad market crash, and it reported better than expected quarterly results.)
There's an important idea in this list... one we've written about many times in DailyWealth. The idea is to own the best dividend-paying businesses in the world... ones that sell products that never go out of style, no matter what the economy is doing.
Companies like Coke (soda), General Mills (cereal), Pepsico (chips and soda), Kraft (food), Colgate (toothpaste), Mead Johnson (formula), and Altria (cigarettes) sell the "basics." And they held up well during the crash.
Think of them as beach houses that held steady during a hurricane... while most homes were devastated.
The strength these companies showed is no fluke, either. During the 2008-2009 recession, Pepsico, Coca-Cola, and General Mills, for example, all grew revenue and net income. They grew earnings per share by an average 17.6%. The ability to grow through one of the worst recessions in history is a huge mark of stability.
And on top of that growth, their share prices "only" fell an average of 26% during the housing bust and financial crisis. This is just over half of the 48% decline we saw in the S&P 500...
If you're thinking of jumping back into stocks, consider buying some of the names on this list. They have the best brand names in their industries. Many pay stable dividends. And they held up extraordinarily well during one of the worst stock crashes in history.
Good investing,
Brett Eversole
Further Reading:
Dan Ferris has found a way to use these brand name companies to increase shareholders' income year after year... With his strategy, you can "sock a little money away every year," he writes, "no matter what the economy or the market is doing."
Learn more about his strategy here: How to Earn Predictable Returns That Go Up Every Year.
Saturday, August 13, 2011
The last three weeks have been among the worst ever on Wall Street...
Which investments held up the best? After such a dramatic selloff, which companies should you buy now?
Let's take a quick look at the selloff and its best performers to find out...
Between July 22 and August 8, the S&P 500 fell nearly 17%. This was one of the worst 11-day periods in stock market history. We've seen crashes this bad just five times since 1946.
After such a historic crash – where companies like Bank of America (America's biggest bank) and U.S. Steel (America's biggest steelmaker) fell as much as 35% – it's important to know which companies barely budged during the crisis. We know these are some of the safest companies in the world.
Yesterday, I screened the S&P 500 to find the best performers between July 22 and August 8. The table below shows the results...
Company |
Ticker |
Return July 22-Aug 8 |
Market Cap (in billions) |
Sector |
Lexmark |
LXK |
2.15% |
$2.4 |
Technology |
National Semi |
NSM |
-0.81% |
$6.2 |
Technology |
Cephalon |
CEPH |
-3.02% |
$6.2 |
Health care |
Pepsico |
PEP |
-4.24% |
$99.8 |
Consumer Goods |
Southern Company |
SO |
-4.42% |
$32.9 |
Utilities |
Priceline |
PCLN |
-4.78% |
$25.8 |
Services |
Kraft |
KFT |
-4.85% |
$60.4 |
Consumer Goods |
Colgate-Palmolive |
CL |
-5.50% |
$40.5 |
Consumer Goods |
Mead Johnson |
MJN |
-5.60% |
$13.9 |
Consumer Goods |
General Mills |
GIS |
-5.84% |
$23.2 |
Consumer Goods |
Consolidated Edison |
ED |
-5.92% |
$15.2 |
Utilities |
Coca-Cola |
KO |
-6.61% |
$153.1 |
Consumer Goods |
Altria |
MO |
-6.90% |
$52.2 |
Consumer Goods |
As you can see, only 13 S&P 500 companies fell less than 7% during the crash. And only one company, Lexmark International, managed to move higher. (Lexmark had its own crash before the broad market crash, and it reported better than expected quarterly results.)
There's an important idea in this list... one we've written about many times in DailyWealth. The idea is to own the best dividend-paying businesses in the world... ones that sell products that never go out of style, no matter what the economy is doing.
Companies like Coke (soda), General Mills (cereal), Pepsico (chips and soda), Kraft (food), Colgate (toothpaste), Mead Johnson (formula), and Altria (cigarettes) sell the "basics." And they held up well during the crash.
Think of them as beach houses that held steady during a hurricane... while most homes were devastated.
The strength these companies showed is no fluke, either. During the 2008-2009 recession, Pepsico, Coca-Cola, and General Mills, for example, all grew revenue and net income. They grew earnings per share by an average 17.6%. The ability to grow through one of the worst recessions in history is a huge mark of stability.
And on top of that growth, their share prices "only" fell an average of 26% during the housing bust and financial crisis. This is just over half of the 48% decline we saw in the S&P 500...
If you're thinking of jumping back into stocks, consider buying some of the names on this list. They have the best brand names in their industries. Many pay stable dividends. And they held up extraordinarily well during one of the worst stock crashes in history.
Good investing,
Brett Eversole
Further Reading:
Dan Ferris has found a way to use these brand name companies to increase shareholders' income year after year... With his strategy, you can "sock a little money away every year," he writes, "no matter what the economy or the market is doing."
Learn more about his strategy here: How to Earn Predictable Returns That Go Up Every Year.
Thursday, September 22, 2011
Perfect Storm Creates Tidal Wave of Gold Demand
By Frank Holmes
09/20/11 San Antonio, Texas – A few weeks ago we held our Case for Investing in Gold webcast with the World Gold Council’s (WGC) Jason Toussaint, who gave some remarkable insight into gold demand in the East. In these countries, gold is not only celebrated, acquired, worn or displayed during holidays or special occasions; it is seen as an everyday symbol of wealth.
Increases in demand from China and India have driven a 7.5 percent increase in demand for gold jewelry during the first half of the year despite a 25 percent increase in the price, according to a report released this week from GFMS. However, much of India’s potential gold demand remains untapped.
Toussaint highlighted an interesting fact: Of the roughly 800 tons of gold imported to India each year, only the top 40 percent of Indian households purchase all of the country’s gold, says Toussaint. The other 60 percent of Indians, who may have the same adoration for gold and celebrate Ramadan and Diwali, historically may not have had access to purchase gold. This large population represents a huge untapped market. To fulfill demand, the WGC has created a program with Indian post offices to distribute coins and small pieces of gold. Toussaint says right now there are 700 post offices in the rural areas servicing 90,000 customers and he expects that number to grow. This market is worth pursuing based on McKinsey’s research that a “huge wealth creation wave” is developing in India. As Toussaint puts it, “if purchase patterns continue, we will see from 2005 to 2025, a four times larger gold market in India.”
This is a fascinating idea because very few entities other than the post office have the network and infrastructure necessary to reach beneath the surface of the world’s largest gold market.
India may be the world’s largest gold market, but in China, gold buying has become so significant that the country has become the fastest-growing market for gold jewelry in the world. Not only are Chinese purchasing increasing amounts of gold, they prefer pure 24-carat gold. This high-quality gold is given to celebrate special occasions, such as birthdays, and purchased for a bride at her wedding. In 2010, 6.6 million brides will make gold a part of their ritual as the yellow metal signifies the importance of a long-term relationship, says the WGC website.
While jewelry represents a large percentage of gold purchases in the country, Chinese can also purchase gold at their local bank. WGC formed a partnership with the Industrial and Commercial Bank of China (ICBC Bank), the largest bank by deposits in the world. They began offering a “Gold Accumulation Plan” that lets investors buy and accumulate small portions of gold over time. Similar to a bank account, people participating have access to the underlying gold or the cash value at any point. Since it was launched in December 2010 through this summer, the ICBC has an estimated 1.7 million accounts, with an accumulation of more than 12,000 kilograms of gold.
After India and China led the global demand for gold, accounting for 52 percent of 2010 tonnage, the GFMS says the two Asian countries have “continued impressive growth” this year. Gold buying in India jumped 38 percent during the second quarter alone. GFMS reported China’s gold purchases jumped 90 percent on a year-over-year basis through June. This is a follow up to the 75 percent increase in gold demand the country experienced last year.
This share tops all of North America, which accounts for 8 percent, Europe and Russia, which account for 13 percent, and even the Middle East and Turkey, which together account for 12 percent. North American gold demand fell 12 percent during the first half of 2011 due to the slumping U.S. economy and rising prices.
David Lamb, the WGC’s managing director for jewelry, recently told Reuters there is a “significant tidal shift to the Asian markets, to India and China in particular, and gold rising upwards and disappearing from the mass merchandising in the West.”
Central Banks Load Up on Gold
Demand for gold isn’t only coming from the residents of China and India. There’s been a huge sentiment shift among central banks as well. Toussaint noted how, after many years of selling, central banks have become net buyers of gold. He says, “Western Central banks have essentially shut the tap off, and the vast majority of the buying is coming from Eastern central banks.”
In just the first half of this year, official sector purchases are up three-fold over the 2010 total to 216 tons, accord to the GFMS report. GFMS says the rise is largely due to low sales levels from Central Bank Gold Agreement (CBGA) signatories and the International Monetary Fund (IMF) completing its sales program at the end of 2010. In addition, other countries have gobbled up gold in an effort to diversify reserves away from the U.S. dollar. Scotia Capital estimates central banks’ total purchases of gold will reach 248 tons by year-end.
Some of the big buyers have been Mexico (whose central bank purchased roughly 100 tons of gold earlier this year), Korea (purchased 25 tons in June), Thailand (purchased nearly 19 tons in June) and Russia (which has purchased over 50 tons of gold from its domestic market year-to-date).
Toussaint says Eastern central banks are “catching up with the rest of the world” because their current allocation is tiny right now. However, whenever the WGC discusses these buying habits with the central banks of Korea, Taiwan and other Asian countries, they consistently say that they are interested in gold, and looking to hold it over the long-term. In other words, he says, this is not a “knee-jerk reaction to the direction of the dollar.”
GFMS also believes that this could be just the beginning. In a release announcing the report, Philip Klapwijk, Global Head of Metals Analytics at GFMS, said, “we are in essence in chapter three of the central bank story—we’ve left behind a period of heavy net sales, then a short period of neutrality and we’re now in a new environment of heavy buying.”
Regards,
Frank Holmes,
for The Daily Reckoning
P.S. This only scratches the surface of what was covered during the webcast. We discussed much more than China, India and central bank gold demand. If you missed it the first time, you can listen to the entire presentation at your leisure here. Find out the reasons we don’t believe gold is in a bubble, the economic factors affecting how gold is valued, and how our culture and emotions shape the gold-investing landscape. It’s great insight for the serious gold investor.
Read more: Perfect Storm Creates Tidal Wave of Gold Demand http://dailyreckoning.com/perfect-storm-creates-tidal-wave-of-gold-demand/#ixzz1YkCA2Zbn
09/20/11 San Antonio, Texas – A few weeks ago we held our Case for Investing in Gold webcast with the World Gold Council’s (WGC) Jason Toussaint, who gave some remarkable insight into gold demand in the East. In these countries, gold is not only celebrated, acquired, worn or displayed during holidays or special occasions; it is seen as an everyday symbol of wealth.
Increases in demand from China and India have driven a 7.5 percent increase in demand for gold jewelry during the first half of the year despite a 25 percent increase in the price, according to a report released this week from GFMS. However, much of India’s potential gold demand remains untapped.
Toussaint highlighted an interesting fact: Of the roughly 800 tons of gold imported to India each year, only the top 40 percent of Indian households purchase all of the country’s gold, says Toussaint. The other 60 percent of Indians, who may have the same adoration for gold and celebrate Ramadan and Diwali, historically may not have had access to purchase gold. This large population represents a huge untapped market. To fulfill demand, the WGC has created a program with Indian post offices to distribute coins and small pieces of gold. Toussaint says right now there are 700 post offices in the rural areas servicing 90,000 customers and he expects that number to grow. This market is worth pursuing based on McKinsey’s research that a “huge wealth creation wave” is developing in India. As Toussaint puts it, “if purchase patterns continue, we will see from 2005 to 2025, a four times larger gold market in India.”
This is a fascinating idea because very few entities other than the post office have the network and infrastructure necessary to reach beneath the surface of the world’s largest gold market.
India may be the world’s largest gold market, but in China, gold buying has become so significant that the country has become the fastest-growing market for gold jewelry in the world. Not only are Chinese purchasing increasing amounts of gold, they prefer pure 24-carat gold. This high-quality gold is given to celebrate special occasions, such as birthdays, and purchased for a bride at her wedding. In 2010, 6.6 million brides will make gold a part of their ritual as the yellow metal signifies the importance of a long-term relationship, says the WGC website.
While jewelry represents a large percentage of gold purchases in the country, Chinese can also purchase gold at their local bank. WGC formed a partnership with the Industrial and Commercial Bank of China (ICBC Bank), the largest bank by deposits in the world. They began offering a “Gold Accumulation Plan” that lets investors buy and accumulate small portions of gold over time. Similar to a bank account, people participating have access to the underlying gold or the cash value at any point. Since it was launched in December 2010 through this summer, the ICBC has an estimated 1.7 million accounts, with an accumulation of more than 12,000 kilograms of gold.
After India and China led the global demand for gold, accounting for 52 percent of 2010 tonnage, the GFMS says the two Asian countries have “continued impressive growth” this year. Gold buying in India jumped 38 percent during the second quarter alone. GFMS reported China’s gold purchases jumped 90 percent on a year-over-year basis through June. This is a follow up to the 75 percent increase in gold demand the country experienced last year.
This share tops all of North America, which accounts for 8 percent, Europe and Russia, which account for 13 percent, and even the Middle East and Turkey, which together account for 12 percent. North American gold demand fell 12 percent during the first half of 2011 due to the slumping U.S. economy and rising prices.
David Lamb, the WGC’s managing director for jewelry, recently told Reuters there is a “significant tidal shift to the Asian markets, to India and China in particular, and gold rising upwards and disappearing from the mass merchandising in the West.”
Central Banks Load Up on Gold
Demand for gold isn’t only coming from the residents of China and India. There’s been a huge sentiment shift among central banks as well. Toussaint noted how, after many years of selling, central banks have become net buyers of gold. He says, “Western Central banks have essentially shut the tap off, and the vast majority of the buying is coming from Eastern central banks.”
In just the first half of this year, official sector purchases are up three-fold over the 2010 total to 216 tons, accord to the GFMS report. GFMS says the rise is largely due to low sales levels from Central Bank Gold Agreement (CBGA) signatories and the International Monetary Fund (IMF) completing its sales program at the end of 2010. In addition, other countries have gobbled up gold in an effort to diversify reserves away from the U.S. dollar. Scotia Capital estimates central banks’ total purchases of gold will reach 248 tons by year-end.
Some of the big buyers have been Mexico (whose central bank purchased roughly 100 tons of gold earlier this year), Korea (purchased 25 tons in June), Thailand (purchased nearly 19 tons in June) and Russia (which has purchased over 50 tons of gold from its domestic market year-to-date).
Toussaint says Eastern central banks are “catching up with the rest of the world” because their current allocation is tiny right now. However, whenever the WGC discusses these buying habits with the central banks of Korea, Taiwan and other Asian countries, they consistently say that they are interested in gold, and looking to hold it over the long-term. In other words, he says, this is not a “knee-jerk reaction to the direction of the dollar.”
GFMS also believes that this could be just the beginning. In a release announcing the report, Philip Klapwijk, Global Head of Metals Analytics at GFMS, said, “we are in essence in chapter three of the central bank story—we’ve left behind a period of heavy net sales, then a short period of neutrality and we’re now in a new environment of heavy buying.”
Regards,
Frank Holmes,
for The Daily Reckoning
P.S. This only scratches the surface of what was covered during the webcast. We discussed much more than China, India and central bank gold demand. If you missed it the first time, you can listen to the entire presentation at your leisure here. Find out the reasons we don’t believe gold is in a bubble, the economic factors affecting how gold is valued, and how our culture and emotions shape the gold-investing landscape. It’s great insight for the serious gold investor.
Read more: Perfect Storm Creates Tidal Wave of Gold Demand http://dailyreckoning.com/perfect-storm-creates-tidal-wave-of-gold-demand/#ixzz1YkCA2Zbn
Operation Twist and More Ways to Throw Money Down the Drain - Thanks to the Fed
by Joel Bowman Reporting from El Calafate, Argentina...
Last we checked, the world of money was still falling apart, breaking off one chunk at a time. And, just as might be expected, those trying to “fix” it were still busy hastening its demise. Some people never learn. More on that in a moment. First, a none-too- subtle analogy...
Your editor spent much of the past week trekking around Los Glaciares National Park, down in the Santa Cruz province in Argentine Patagonia. Our folks are in town from Australia, catching up with their walkabout son and his gypsy girlfriend. There’s not a lot of glacier parks back on the “sunburned continent,” so we thought a few days in crampons and thermals, hiking over the freezing ice pack, might make for a fun little excursion. Besides, nothing clears your mind quite like a sub-zero gust fresh off a snowy peak.
The Perito Moreno glacier is one of a small handful of glaciers in the world still thought to be growing. It’s gained approximately 700 meters in length since some intrepid adventurers discovered and mapped it sometime in the late 1800s. Top to bottom it measures roughly 200 meters in thickness, although only about one sixth of that can be seen above water. The “front” of the glacier, where all the calving takes place, is nearly five kilometers from side to side. There is something rather humbling about watching a chunk of ice the size of an apartment block fracture, break off from the main body, and tumble into the icy waters below.
Standing atop the Perito Moreno glacier itself, you can see the snow-capped mountains of the Austral Andes rise up spectacularly on either side, as the glacier underneath you creeps down the river in between, moving quickest in the middle, where there is less resistance, and slowest at the edges, where it clings to the shallow banks. It’s this difference in speeds — as well as in pressure, tension, depth, friction, etc. — that cracks and splits the glacier, giving it that spiky, other-worldly kind of look, full of crevices and drain holes that disappear into a deep blue abyss beneath the surface. Hold that thought...
Scanning the headlines this morning, it looks as though nothing major has changed in the world of finance and economics. There are daily announcements, of course, incidentals, talking points and chin-wagging “power lunches,” but the larger, more important trend is already underway...and it ain’t changing course. That trend, as we keep saying, has to do with debt...and the slow, painful march toward correcting it, breaking it up, destroying it.
Greece, for example, is as broke today as when we left it. Maybe more so. The yield on its 2-year government bonds is now over 134%. Well, that was yesterday...who knows what it is today? Who cares? The Greeks are going under. The market is expecting a default. It will get it. And Spain, Portugal and Italy are not far behind. All have their hands out for more funding. All are clinging to the continent for dear life. But all will have to reckon with their debts eventually, one way or another...chunk by chunk...
“A deepening crisis of some kind is certain,” opined Eric Fry in yesterday’s reckoning, “especially because the US economy is still reeling from the credit crisis of 2008. Fearing a repeat of ’08, the US Federal Reserve is springing into action, which pretty much guarantees a repeat. Earlier today, the Fed christened the launch of “Operation Twist” — a scheme to buy up a bunch of the long-term Treasury bonds...
“Operation Twist,” continued Eric, “is simply a new form of Quantitative Easing, which was simply a new form of printing money out of thin air. (The Fed says it will pay for its new purchases with proceeds from the sale of the short-dated Treasuries it already owns. We don’t believe it. By hook or by crook, the Fed’s balance sheet will probably grow over the next few months. We will be watching). Op Twist, therefore, is merely the next illogical step in a regrettable progression toward dollar debasement. After Op Twist, look for Operation Contort, Operation Zig-Zag, Operation Bait-and- Switch, Operation Capital Control and ultimately, Operation Devalue.”
“Op Twist,” we now learn, is to be a $400 billion dollar effort — much bigger than the market was expecting. Why “more action” is the order of the day, we don’t know. The economy is in tatters, even after trillions of quantitatively eased dollars were pumped into the system. The Fed even said so itself. Its own statement noted “significant downside risks to the economic outlook, including strains in global financial markets.”
If these magic elixirs are so helpful, so desperately needed, so critical for economic health and vitality, then why the soggy outlook? Fellow Reckoners already know the answer. There are no magic elixirs. No potions. No panaceas. No “free lunches.”
Investors, for their part, appear to be finally catching on. Just as they “re-re-discovered” Europe today, they also “re-re-learned” that the US Federal Reserve can do nothing to reverse the laws of economics; not with twists...not with zigs...and not with zags. Worldwide, markets are down big time. Measures in London, France and Germany were all off by about 5%, as was Hong Kong’s Hang Seng. Indonesia’s Jakarta Composite Index fell by 9% overnight!
In the US, too, trading screens are bleeding red. The S&P500, Dow and Nasdaq were all lower by about 4% as of this writing.
So much money...so heavy an opportunity cost...so much do-gooding and fixing, tinkering and world-improving. And for what? To delay the inevitable? To worsen the crisis that must eventually come due? Seems like a waste of time to us. Besides, what’s wrong with a little creative destruction from time to time? Why not stand back and allow some much needed debt destruction in the US? How about a fierce round of currency calving in Europe? Why not let nature take its course? Why not, as Bill suggests below, “give collapse a chance”?
In the end, it probably won’t matter whether the Feds “allow” collapse or failure to happen. Our money says, they’ll get it either way.
One man who is no stranger to a bit of “creative destruction,” and the immense profit opportunities this vital process can bring, is Ray Blanco, the forward-looking editor of Technology Profits Confidential.
Last we checked, the world of money was still falling apart, breaking off one chunk at a time. And, just as might be expected, those trying to “fix” it were still busy hastening its demise. Some people never learn. More on that in a moment. First, a none-too- subtle analogy...
Your editor spent much of the past week trekking around Los Glaciares National Park, down in the Santa Cruz province in Argentine Patagonia. Our folks are in town from Australia, catching up with their walkabout son and his gypsy girlfriend. There’s not a lot of glacier parks back on the “sunburned continent,” so we thought a few days in crampons and thermals, hiking over the freezing ice pack, might make for a fun little excursion. Besides, nothing clears your mind quite like a sub-zero gust fresh off a snowy peak.
The Perito Moreno glacier is one of a small handful of glaciers in the world still thought to be growing. It’s gained approximately 700 meters in length since some intrepid adventurers discovered and mapped it sometime in the late 1800s. Top to bottom it measures roughly 200 meters in thickness, although only about one sixth of that can be seen above water. The “front” of the glacier, where all the calving takes place, is nearly five kilometers from side to side. There is something rather humbling about watching a chunk of ice the size of an apartment block fracture, break off from the main body, and tumble into the icy waters below.
Standing atop the Perito Moreno glacier itself, you can see the snow-capped mountains of the Austral Andes rise up spectacularly on either side, as the glacier underneath you creeps down the river in between, moving quickest in the middle, where there is less resistance, and slowest at the edges, where it clings to the shallow banks. It’s this difference in speeds — as well as in pressure, tension, depth, friction, etc. — that cracks and splits the glacier, giving it that spiky, other-worldly kind of look, full of crevices and drain holes that disappear into a deep blue abyss beneath the surface. Hold that thought...
Scanning the headlines this morning, it looks as though nothing major has changed in the world of finance and economics. There are daily announcements, of course, incidentals, talking points and chin-wagging “power lunches,” but the larger, more important trend is already underway...and it ain’t changing course. That trend, as we keep saying, has to do with debt...and the slow, painful march toward correcting it, breaking it up, destroying it.
Greece, for example, is as broke today as when we left it. Maybe more so. The yield on its 2-year government bonds is now over 134%. Well, that was yesterday...who knows what it is today? Who cares? The Greeks are going under. The market is expecting a default. It will get it. And Spain, Portugal and Italy are not far behind. All have their hands out for more funding. All are clinging to the continent for dear life. But all will have to reckon with their debts eventually, one way or another...chunk by chunk...
“A deepening crisis of some kind is certain,” opined Eric Fry in yesterday’s reckoning, “especially because the US economy is still reeling from the credit crisis of 2008. Fearing a repeat of ’08, the US Federal Reserve is springing into action, which pretty much guarantees a repeat. Earlier today, the Fed christened the launch of “Operation Twist” — a scheme to buy up a bunch of the long-term Treasury bonds...
“Operation Twist,” continued Eric, “is simply a new form of Quantitative Easing, which was simply a new form of printing money out of thin air. (The Fed says it will pay for its new purchases with proceeds from the sale of the short-dated Treasuries it already owns. We don’t believe it. By hook or by crook, the Fed’s balance sheet will probably grow over the next few months. We will be watching). Op Twist, therefore, is merely the next illogical step in a regrettable progression toward dollar debasement. After Op Twist, look for Operation Contort, Operation Zig-Zag, Operation Bait-and- Switch, Operation Capital Control and ultimately, Operation Devalue.”
“Op Twist,” we now learn, is to be a $400 billion dollar effort — much bigger than the market was expecting. Why “more action” is the order of the day, we don’t know. The economy is in tatters, even after trillions of quantitatively eased dollars were pumped into the system. The Fed even said so itself. Its own statement noted “significant downside risks to the economic outlook, including strains in global financial markets.”
If these magic elixirs are so helpful, so desperately needed, so critical for economic health and vitality, then why the soggy outlook? Fellow Reckoners already know the answer. There are no magic elixirs. No potions. No panaceas. No “free lunches.”
Investors, for their part, appear to be finally catching on. Just as they “re-re-discovered” Europe today, they also “re-re-learned” that the US Federal Reserve can do nothing to reverse the laws of economics; not with twists...not with zigs...and not with zags. Worldwide, markets are down big time. Measures in London, France and Germany were all off by about 5%, as was Hong Kong’s Hang Seng. Indonesia’s Jakarta Composite Index fell by 9% overnight!
In the US, too, trading screens are bleeding red. The S&P500, Dow and Nasdaq were all lower by about 4% as of this writing.
So much money...so heavy an opportunity cost...so much do-gooding and fixing, tinkering and world-improving. And for what? To delay the inevitable? To worsen the crisis that must eventually come due? Seems like a waste of time to us. Besides, what’s wrong with a little creative destruction from time to time? Why not stand back and allow some much needed debt destruction in the US? How about a fierce round of currency calving in Europe? Why not let nature take its course? Why not, as Bill suggests below, “give collapse a chance”?
In the end, it probably won’t matter whether the Feds “allow” collapse or failure to happen. Our money says, they’ll get it either way.
One man who is no stranger to a bit of “creative destruction,” and the immense profit opportunities this vital process can bring, is Ray Blanco, the forward-looking editor of Technology Profits Confidential.
What Today's 391 Point Sell-Off in the NYSE Means......
For those investors who are rattled by this today’s sell-off, I have this important message for you:
You should be buying stocks—not selling them.
The reason is simple:
The Fed’s repositioning of its $2.65 trillion securities portfolio will not only lower interest rates and boost investments, but also dramatically increase spending.
Everybody who thinks otherwise is going to kick themselves in six months when this shift results in record corporate earnings, sales, investor confidence and profits.
All thanks to the FED’s shift toward longer-term Treasuries that will result in even lower interest rates for years to come.
DON’T MISS THIS!
Fellow Investor,
Please—whatever you do—don’t even think of running to the sidelines.
Today’s sell-off is simply an over reaction to the Fed’s action to reposition its assets by unwitting investors who simply don’t know what this means.
Let me spell it out for you in the simplest of terms so you can see with your own eyes the profit opportunity that everyone who is rushing to the sidelines is missing.
Here’s what the Fed's action is designed to do: Drive interest rates even lower for an even longer term.
Do you realize what this means?
Low interest rates create a chain reaction that corporations love. Low rates mean big corporate buybacks, more mergers and acquisitions and an investor frenzy that adds market liquidity.
And all of this leads to big investor profits from the companies that benefit the most.
How can it not?
Longer-term lower interest rates make it:
1. More affordable for people to buy homes and cars, and
2. More profitable for businesses to invest in equipment, investors and buildings.
All while putting more money in consumers hands to buy more goods and services because less of their money will be going to pay interest.
And that’s just the beginning.
It will also drive the dollar much lower making U.S. exports even more profitable, as the demand for U.S. goods gives foreign purchases a greater BANG for their buck.
That’s why you will ultimately see the market rocket back even higher well past today’s 391 point sell-off and head back over the 12,000 mark in the coming months when record fourth quarter earnings are reported, and Europe further resolves debt concerns.
This is why BlackRock and other shrewd players, like us, are weighing back into the market TODAY to buy fundamentally sound stocks and commodities that have sold off as part of the mass exodus that will ultimately profit from a long-term falling dollar.
That’s why you should be buying stocks too!
When you look back weeks from today, you’ll see that today’s panic selling was driven by factors that don’t affect the stocks we own here at Blue Chip Growth.
With today’s sell-off in mind, I simply can’t stress this enough: The markets are the most oversold since February 2009 and 1987!
So please don’t let this opportunity to load up on our top stocks pass you buy. Taking advantage of opportunities like this is what can make a dramatic impact to your financial success.
Frankly, this is how we doubled our money four times in the past two and one half years—by investing against conventional wisdom beating the market by $3-to-$1 along the way.
For these reasons, I urge you—in the strongest terms possible—to take advantage of this second gift discount the market is handing you and add to your holdings now
Here’s the best way to do it:
If there is just one addition to your holdings I want you to make TODAY, this is it: Add my A-rated silver stock to your portfolio now.
Three reasons:
1. Act NowThe fear in the market place is not going to away soon, as investors continue to have a strong sense of déjà vu with 2008.
2. Gold prices at record levels, are giving new investors pause, fearful they may be buying at the top.
3. Silver gives the individual investor a much better and way to play the rise—with historical gains that are better than gold by as much as $5-to-$1.
In fact, the 279% gains our top silver producer has handed investors over the past two years has not only beaten the pants off of the world’s top gold stocks by as much as $5-to-$1 but also offers you a preview of the profit opportunities headed your way.
Here’s why:
This silver company bought up nearly the world’s supply of silver at $3.90 an ounce back in 2004 when the rest of the world wasn’t looking.
That’s a whopping $33 under today’s spot price of silver.
All by negotiating purchase agreements at the world’s 15 top mines when silver prices were at their rock bottom.
So it’s no wonder this company’s stock has been a great investment over both the short and long term as silver prices have risen from $5 to $37 an ounce.
Just look:
* 6 years 930%
* 2 years 279%
* 12 months 80%
With the falling dollar and global economic uncertainty pushing up commodities prices and silver production insufficient to meet rising industrial and investment demands, we see this company doubling again in the next 12 months.
That’s why I can tell you with unmatched certainty; my newest silver play will deliver profits…
Five Times Better Than Gold
—and Then Some
Louis Navellier here, and if you liked the $310-an-ounce gold play I brought you in 2010, you’re going to love my breakout silver play as well—only the profits you’ll grab here could again be four times bigger than gold.
The reasons are compelling and clear:
1. Silver is massively undervalued when compared to the price of gold. Just look: While gold is $500 above its 1980 high in precious metals, silver is still 50% below the level reached that year and is beginning to catch up.
2. As the market’s sold off, our top rated silver play outperformed gold again by four times again, and by all indication will continue to so as investors rush headlong into commodities and the dollar continues to fall.
3. As a result, its sales, earnings, and stock price should continue to soar as the dollar continues to spiral south and industrial demand for silver skyrockets.
4. What’s more, because this company is “unhedged,” it profits directly from the rise in silver’s price and not from mining operations as hedged operations do.
And that’s just the beginning!
5. As I write this, the world’s silver production is currently inadequate to meet rising industrial and investment demands, as reported inventories are near all-time lows.
6. The biggest boost in demand is coming from China, where the technology boom is pushing up prices because silver is the best electrical and thermal conductor of all metals and goes into everything from solar cells to cell phones, from cellophane to batteries.
7. With investors increasingly concerned about a new global economic crisis, the run on silver may be just the beginning as investors “seek to protect their wealth from weakening currencies,” according to a recent Bloomberg report.
As a result, what we are witnessing here is a classic supply/demand silver squeeze in the making. Demand for silver is soaring worldwide… while silver supplies continue to get tighter… as the falling dollar the global economic crisis continues to push silver’s price up daily.
The chain reaction could not only drive the price of silver above $50 and beyond in 2011 but also double our silver company’s profits again in 2012.
This is why the world’s top mutual fund managers and institutional investors, including BlackRock, Oppenheimer, American Century, and Fidelity, have piled into this stock hand over fist, as they see, as we do, that silver may be a stronger investment than gold in the long term.
This is also why I’m telling my readers, and now you, too, that…
A $5,000 Investment Here
Could Jump to $10,000 Rather Quickly
It’s no wonder.
With 870% earnings growth, 105% sales growth, and demand for silver rising exponentially, we see another big breakout coming here, as the dollar falls, silver demand rises, and supply simply can’t keep pace with demand.
Join TodayThat’s how this little-known silver company popped up on our radar screen. It simply matched the same explosive earnings profile that led us to a 447% gain in EMC, a 397% profit in America Movil, and a 397% gain in Dell before Wall Street knew these companies existed. The same situation is repeating itself here.
Tragically, most analysts on Wall Street are missing this story by a country mile. The reason is simple: They tend to file silver stocks along with other poor man’s commodities like wheat and corn and not in the same category as copper and gold.
Yet, without silver there would be no advanced technology/telecommunications boom, as silver—not copper—is a much faster conducting metal and a key speed component in virtually every lightening quick cell phone, HD TV, or hard drive that’s manufactured in the world.
This is why this company has continued to spit out better than 152% average annual gains since 2005 as the boom in new speed-hungry technologies pushed up demand for silver and supply has failed to keep pace—all as the falling dollar and inflation fears have driven the price of commodities through the roof.
This is also why the country’s largest institutional investors have already staked out their positions, and why I’m highly recommending that you do, too, before this silver miner’s stock price takes off again.
I’m not the only one who says that this silver company is set to soar, either.
1. The analyst community is forecasting third-quarter sales growth of over 160% over last year.
2. Three analysts have already revised their consensus earnings upward in the past month with another hopping on board in the past ten days.
After all, with U.S. economic uncertainty growing, the dollar continuing to fall, and China’s silver demand growing stronger every month, silver’s price will never be lower.
That’s why if you can add this recommendation to your holdings before it jumps again, you could walk away with a double by this time next year.
If you hold this one for the next two to three years, you could triple your money—and then some—just as has happened in our past special situations.
So when I say, “Five times better than gold—and then some”—I mean it.
My advice:
Back Up the Truck Now!
And it’s all because silver not only profits from the falling dollar and economic uncertainty but also because it is a key metal in the booming wireless and tech industries.
After all, without silver their would be no fast moving technologies there would be no smart phone, no 3G or 4G network to run it on, LCD TV, GPS, or a computer upon which you are reading your email or the high-tech drones and satellites that are working 24/7 defending America.
For these reasons, if you don’t act now—TODAY—to add my silver juggernaut to your holdings, I guarantee you’ll kick yourself for years to come as the dollar falls, the price of silver rises, global silver demand grows, and my top-rated silver company hands investors another 50% to 80% gains in 12 months.
Let Me Give You a Taste of
What I’m Talking About Here
This unhedged silver miner has…
* registered 870% revenue growth last quarter with analysts expecting another 20% jump to be reported in the coming quarter.
* offered a market cap of $11 billion,
* handed investors 80% gains in 12 months, 279% gains in the past two years, and 930% gains since 2005.
* exhibited one of the strongest buy ratings of any of our stocks—and it’s about to clobber Wall Street and double investors’ money again.
All thanks to falling dollar, rising overblown investors fears, and mounting silver demand in the technology sector, which has already pushed up the price of silver to all time highs.
Unfortunately, I Can’t Tell You More or
Give You This Company’s Name Here!
You’ll find it only on my private website as an exclusive for my subscribers of record.
Two reasons:
1. Hedge funds and the media follow me too closely, and
2. Naming it in this email would make it impossible for you to get it at the buy-below price.
I DON’T want the rest of Wall Street to bid this one higher until after you get in.
Act NowBut I can tell you this:
1. The profits here will be enormous.
2. Given its previous 870% earnings growth and 80% 12-month run-up, I’d be disappointed if the company’s earnings growth didn’t repeat itself and the stock didn’t double again.
This is why the world’s top mutual fund managers and institutional investors, including BlackRock, Oppenheimer, American Century, and Fidelity, have piled into this stock hand over fist, as they see, as we do, that silver may be a stronger investment than gold in the long term.
For these reasons, if you don’t grab this one now, you’re going to kick yourself for years to come. Because this will be the easiest and most profitable investment you make this year.
Act now.
The Biggest Profits Will Come
in the Next 14 Days
The reason is simple:
U.S. debt related and growth tensions will continue to send investors rushing headlong into commodities like silver.
Silver supplies will continue to tighten as current production is currently inadequate to meet rising industrial and investment demands.
And the tech boom will push up prices because silver is the best electrical and thermal conductor of all metals and goes into everything from solar cells to cell phones, from cellophane to batteries.
However, if you wait until after these forces take hold you will miss this juggernaut’s next big move upward as the dollar weakens, the company global sales increase, and our silver play here continues to richly reward investors along the way.
If the dramatic rise in gold and silver stocks are any indication of what’s headed your way, this is one opportunity you don’t want to be sitting on.
Have I caught your attention?
I hope so!
Because most investors will miss this locked-in profit opportunity. But you won’t when you join me here at Blue Chip Growth.
MY PROMISE:
If My New Silver Play Doesn’t Hand You
at Least 35% to 50% Gains by 2012
You Won’t Pay a Dime
Naturally, I couldn’t offer you such a strong guarantee if I weren’t convinced beyond any doubt that the company’s earnings would continue to surge skyward.
That’s how confident I am that this one has winner written all over it.
In fact, I’ve set this up so that you can join me today and then cancel on the last day of your sixth month and still get all your money back—no questions asked—if my new silver play doesn’t pan out the way I am forecasting here.
Why am I doing this?
To give you the opportunity to profit—not only from silver’s next breakout, but also from my complete Blue Chip Growth system that’s beaten the market by $3 to $1 since 1998—before you decide if we’re right for you.
Look…
If I’m right, you could easily find yourself 50% richer in the next six months with our silver play—PLUS you’ll grab a few of our next BIG breakout stocks along the way, like those that have handed my readers 100%, 200%, even 300% gains since 1998.
If I’m wrong, you won’t pay a dime.
Either way, you’ll get six full months to invest alongside us without risking a dime.
On this simple, fair-and-square basis, Blue Chip Growth has become one of the most respected and largest-circulation investment advisories in America.
Once you join us, you’ll see why.
And if you act now to lock in your share of profits, you’ll receive this quick-action reward:
Half Off, Today Only
Because the precious metals sector is gaining momentum at light speed and the profit potential on my new silver stock is so great, my publisher has allowed me to open the door for a limited number of 100%-risk-free trials for half our regular price—just $99.95.
Those who have been with me from the beginning have beaten the S&P 500 by $3 to $1 for more than 12 years—all by investing in our fast-growing blue-chip stocks such as these:
* EMC Corporation, up 477%
* America Movil, up 397%
* Dell, up 307%
* Vodafone, up 263%Join Risk-Free
* Nokia, up 252%
* Monsanto, up 236%
* Occidental Petroleum, up 231%
* Valero, up 222%
* Cisco, up 209%
* Canadian Natural Resources, up 206%
* Amgen, up 204%
* Suncor Energy, up 195%
* Research In Motion, up 154%
* Potash, up 110%
* MEMC Electronic Materials, up 109%
My 100%-risk-free trial guarantees that my new silver play—along with my other newest recommendations—will hand you similar profits… or your money back.
In the bargain, you’ll receive these three special reports that will help you pile on the profits:
* How to Buy Silver for $4 an Ounce
* Five Big Oversold Stocks to Grab Now
* How to Invest $50,000 Now
Together, they’ll give you a panoramic overview of the strong economic forces that will propel the silver sector to new heights… along with an understanding of our Blue Chip Growth approach that’s beaten the market by $3 to $1 since 1998… plus an inside look at the top stocks we’re targeting for exponential profits.
With my money-back guarantee, you have nothing to lose and everything to gain.
But you’ll have to act now because your…
Window of Opportunity Closes at Midnight
I can’t stress this enough:
If you wait until you may have missed our top silver stock’s next BIG move upward and kick yourself for years.
That’s why my special offer to join me ends at midnight tonight.
The reason is simple:
If you can’t take me up on my discount offer TODAY, chances are you wouldn’t grab the next big move in precious metals prices anyway—or those of my other fast-moving Blue Chip Growth stocks—and I would be remiss in accepting you as a new reader.
So if you’d like to profit from the falling dollar, continued investors fears, and rising profits in the precious metals sector, my friend, NOW is the time to join us.
When you add everything up, how can you possibly say no?
You’re getting a guaranteed winner in my new silver play… my lowest price ever… a six-month money-back guarantee… along with my complete system that’s delivered $3 to $1 profits in 12 years.
So is it a deal? I hope so.
Because as the dollar continues to fall and global economic tensions rise, the only direction my new recommendation is headed is up, up, UP!
If you join us today, I guarantee you’ll be first in line to profit from silver’s next big move—or you won’t pay a dime.
Act now.
I guarantee it will be the most profitable investment decision you make in 2011.
Sincerely,Join Today
signed- Louis Navellier
Louis Navellier
Editor, Blue Chip Growth
P.S. Remember: My risk-free trial and money-back guarantee give you six months to grab your share of profits from silver’s next big move before you decide if Blue Chip Growth is right for you.
Again…
If I’m right, joining me today will be your best financial decision of 2011. If I’m wrong, you can cancel and get your money back.
And it’s your decision all the way.
You should be buying stocks—not selling them.
The reason is simple:
The Fed’s repositioning of its $2.65 trillion securities portfolio will not only lower interest rates and boost investments, but also dramatically increase spending.
Everybody who thinks otherwise is going to kick themselves in six months when this shift results in record corporate earnings, sales, investor confidence and profits.
All thanks to the FED’s shift toward longer-term Treasuries that will result in even lower interest rates for years to come.
DON’T MISS THIS!
Fellow Investor,
Please—whatever you do—don’t even think of running to the sidelines.
Today’s sell-off is simply an over reaction to the Fed’s action to reposition its assets by unwitting investors who simply don’t know what this means.
Let me spell it out for you in the simplest of terms so you can see with your own eyes the profit opportunity that everyone who is rushing to the sidelines is missing.
Here’s what the Fed's action is designed to do: Drive interest rates even lower for an even longer term.
Do you realize what this means?
Low interest rates create a chain reaction that corporations love. Low rates mean big corporate buybacks, more mergers and acquisitions and an investor frenzy that adds market liquidity.
And all of this leads to big investor profits from the companies that benefit the most.
How can it not?
Longer-term lower interest rates make it:
1. More affordable for people to buy homes and cars, and
2. More profitable for businesses to invest in equipment, investors and buildings.
All while putting more money in consumers hands to buy more goods and services because less of their money will be going to pay interest.
And that’s just the beginning.
It will also drive the dollar much lower making U.S. exports even more profitable, as the demand for U.S. goods gives foreign purchases a greater BANG for their buck.
That’s why you will ultimately see the market rocket back even higher well past today’s 391 point sell-off and head back over the 12,000 mark in the coming months when record fourth quarter earnings are reported, and Europe further resolves debt concerns.
This is why BlackRock and other shrewd players, like us, are weighing back into the market TODAY to buy fundamentally sound stocks and commodities that have sold off as part of the mass exodus that will ultimately profit from a long-term falling dollar.
That’s why you should be buying stocks too!
When you look back weeks from today, you’ll see that today’s panic selling was driven by factors that don’t affect the stocks we own here at Blue Chip Growth.
With today’s sell-off in mind, I simply can’t stress this enough: The markets are the most oversold since February 2009 and 1987!
So please don’t let this opportunity to load up on our top stocks pass you buy. Taking advantage of opportunities like this is what can make a dramatic impact to your financial success.
Frankly, this is how we doubled our money four times in the past two and one half years—by investing against conventional wisdom beating the market by $3-to-$1 along the way.
For these reasons, I urge you—in the strongest terms possible—to take advantage of this second gift discount the market is handing you and add to your holdings now
Here’s the best way to do it:
If there is just one addition to your holdings I want you to make TODAY, this is it: Add my A-rated silver stock to your portfolio now.
Three reasons:
1. Act NowThe fear in the market place is not going to away soon, as investors continue to have a strong sense of déjà vu with 2008.
2. Gold prices at record levels, are giving new investors pause, fearful they may be buying at the top.
3. Silver gives the individual investor a much better and way to play the rise—with historical gains that are better than gold by as much as $5-to-$1.
In fact, the 279% gains our top silver producer has handed investors over the past two years has not only beaten the pants off of the world’s top gold stocks by as much as $5-to-$1 but also offers you a preview of the profit opportunities headed your way.
Here’s why:
This silver company bought up nearly the world’s supply of silver at $3.90 an ounce back in 2004 when the rest of the world wasn’t looking.
That’s a whopping $33 under today’s spot price of silver.
All by negotiating purchase agreements at the world’s 15 top mines when silver prices were at their rock bottom.
So it’s no wonder this company’s stock has been a great investment over both the short and long term as silver prices have risen from $5 to $37 an ounce.
Just look:
* 6 years 930%
* 2 years 279%
* 12 months 80%
With the falling dollar and global economic uncertainty pushing up commodities prices and silver production insufficient to meet rising industrial and investment demands, we see this company doubling again in the next 12 months.
That’s why I can tell you with unmatched certainty; my newest silver play will deliver profits…
Five Times Better Than Gold
—and Then Some
Louis Navellier here, and if you liked the $310-an-ounce gold play I brought you in 2010, you’re going to love my breakout silver play as well—only the profits you’ll grab here could again be four times bigger than gold.
The reasons are compelling and clear:
1. Silver is massively undervalued when compared to the price of gold. Just look: While gold is $500 above its 1980 high in precious metals, silver is still 50% below the level reached that year and is beginning to catch up.
2. As the market’s sold off, our top rated silver play outperformed gold again by four times again, and by all indication will continue to so as investors rush headlong into commodities and the dollar continues to fall.
3. As a result, its sales, earnings, and stock price should continue to soar as the dollar continues to spiral south and industrial demand for silver skyrockets.
4. What’s more, because this company is “unhedged,” it profits directly from the rise in silver’s price and not from mining operations as hedged operations do.
And that’s just the beginning!
5. As I write this, the world’s silver production is currently inadequate to meet rising industrial and investment demands, as reported inventories are near all-time lows.
6. The biggest boost in demand is coming from China, where the technology boom is pushing up prices because silver is the best electrical and thermal conductor of all metals and goes into everything from solar cells to cell phones, from cellophane to batteries.
7. With investors increasingly concerned about a new global economic crisis, the run on silver may be just the beginning as investors “seek to protect their wealth from weakening currencies,” according to a recent Bloomberg report.
As a result, what we are witnessing here is a classic supply/demand silver squeeze in the making. Demand for silver is soaring worldwide… while silver supplies continue to get tighter… as the falling dollar the global economic crisis continues to push silver’s price up daily.
The chain reaction could not only drive the price of silver above $50 and beyond in 2011 but also double our silver company’s profits again in 2012.
This is why the world’s top mutual fund managers and institutional investors, including BlackRock, Oppenheimer, American Century, and Fidelity, have piled into this stock hand over fist, as they see, as we do, that silver may be a stronger investment than gold in the long term.
This is also why I’m telling my readers, and now you, too, that…
A $5,000 Investment Here
Could Jump to $10,000 Rather Quickly
It’s no wonder.
With 870% earnings growth, 105% sales growth, and demand for silver rising exponentially, we see another big breakout coming here, as the dollar falls, silver demand rises, and supply simply can’t keep pace with demand.
Join TodayThat’s how this little-known silver company popped up on our radar screen. It simply matched the same explosive earnings profile that led us to a 447% gain in EMC, a 397% profit in America Movil, and a 397% gain in Dell before Wall Street knew these companies existed. The same situation is repeating itself here.
Tragically, most analysts on Wall Street are missing this story by a country mile. The reason is simple: They tend to file silver stocks along with other poor man’s commodities like wheat and corn and not in the same category as copper and gold.
Yet, without silver there would be no advanced technology/telecommunications boom, as silver—not copper—is a much faster conducting metal and a key speed component in virtually every lightening quick cell phone, HD TV, or hard drive that’s manufactured in the world.
This is why this company has continued to spit out better than 152% average annual gains since 2005 as the boom in new speed-hungry technologies pushed up demand for silver and supply has failed to keep pace—all as the falling dollar and inflation fears have driven the price of commodities through the roof.
This is also why the country’s largest institutional investors have already staked out their positions, and why I’m highly recommending that you do, too, before this silver miner’s stock price takes off again.
I’m not the only one who says that this silver company is set to soar, either.
1. The analyst community is forecasting third-quarter sales growth of over 160% over last year.
2. Three analysts have already revised their consensus earnings upward in the past month with another hopping on board in the past ten days.
After all, with U.S. economic uncertainty growing, the dollar continuing to fall, and China’s silver demand growing stronger every month, silver’s price will never be lower.
That’s why if you can add this recommendation to your holdings before it jumps again, you could walk away with a double by this time next year.
If you hold this one for the next two to three years, you could triple your money—and then some—just as has happened in our past special situations.
So when I say, “Five times better than gold—and then some”—I mean it.
My advice:
Back Up the Truck Now!
And it’s all because silver not only profits from the falling dollar and economic uncertainty but also because it is a key metal in the booming wireless and tech industries.
After all, without silver their would be no fast moving technologies there would be no smart phone, no 3G or 4G network to run it on, LCD TV, GPS, or a computer upon which you are reading your email or the high-tech drones and satellites that are working 24/7 defending America.
For these reasons, if you don’t act now—TODAY—to add my silver juggernaut to your holdings, I guarantee you’ll kick yourself for years to come as the dollar falls, the price of silver rises, global silver demand grows, and my top-rated silver company hands investors another 50% to 80% gains in 12 months.
Let Me Give You a Taste of
What I’m Talking About Here
This unhedged silver miner has…
* registered 870% revenue growth last quarter with analysts expecting another 20% jump to be reported in the coming quarter.
* offered a market cap of $11 billion,
* handed investors 80% gains in 12 months, 279% gains in the past two years, and 930% gains since 2005.
* exhibited one of the strongest buy ratings of any of our stocks—and it’s about to clobber Wall Street and double investors’ money again.
All thanks to falling dollar, rising overblown investors fears, and mounting silver demand in the technology sector, which has already pushed up the price of silver to all time highs.
Unfortunately, I Can’t Tell You More or
Give You This Company’s Name Here!
You’ll find it only on my private website as an exclusive for my subscribers of record.
Two reasons:
1. Hedge funds and the media follow me too closely, and
2. Naming it in this email would make it impossible for you to get it at the buy-below price.
I DON’T want the rest of Wall Street to bid this one higher until after you get in.
Act NowBut I can tell you this:
1. The profits here will be enormous.
2. Given its previous 870% earnings growth and 80% 12-month run-up, I’d be disappointed if the company’s earnings growth didn’t repeat itself and the stock didn’t double again.
This is why the world’s top mutual fund managers and institutional investors, including BlackRock, Oppenheimer, American Century, and Fidelity, have piled into this stock hand over fist, as they see, as we do, that silver may be a stronger investment than gold in the long term.
For these reasons, if you don’t grab this one now, you’re going to kick yourself for years to come. Because this will be the easiest and most profitable investment you make this year.
Act now.
The Biggest Profits Will Come
in the Next 14 Days
The reason is simple:
U.S. debt related and growth tensions will continue to send investors rushing headlong into commodities like silver.
Silver supplies will continue to tighten as current production is currently inadequate to meet rising industrial and investment demands.
And the tech boom will push up prices because silver is the best electrical and thermal conductor of all metals and goes into everything from solar cells to cell phones, from cellophane to batteries.
However, if you wait until after these forces take hold you will miss this juggernaut’s next big move upward as the dollar weakens, the company global sales increase, and our silver play here continues to richly reward investors along the way.
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Have I caught your attention?
I hope so!
Because most investors will miss this locked-in profit opportunity. But you won’t when you join me here at Blue Chip Growth.
MY PROMISE:
If My New Silver Play Doesn’t Hand You
at Least 35% to 50% Gains by 2012
You Won’t Pay a Dime
Naturally, I couldn’t offer you such a strong guarantee if I weren’t convinced beyond any doubt that the company’s earnings would continue to surge skyward.
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In fact, I’ve set this up so that you can join me today and then cancel on the last day of your sixth month and still get all your money back—no questions asked—if my new silver play doesn’t pan out the way I am forecasting here.
Why am I doing this?
To give you the opportunity to profit—not only from silver’s next breakout, but also from my complete Blue Chip Growth system that’s beaten the market by $3 to $1 since 1998—before you decide if we’re right for you.
Look…
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* How to Buy Silver for $4 an Ounce
* Five Big Oversold Stocks to Grab Now
* How to Invest $50,000 Now
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With my money-back guarantee, you have nothing to lose and everything to gain.
But you’ll have to act now because your…
Window of Opportunity Closes at Midnight
I can’t stress this enough:
If you wait until you may have missed our top silver stock’s next BIG move upward and kick yourself for years.
That’s why my special offer to join me ends at midnight tonight.
The reason is simple:
If you can’t take me up on my discount offer TODAY, chances are you wouldn’t grab the next big move in precious metals prices anyway—or those of my other fast-moving Blue Chip Growth stocks—and I would be remiss in accepting you as a new reader.
So if you’d like to profit from the falling dollar, continued investors fears, and rising profits in the precious metals sector, my friend, NOW is the time to join us.
When you add everything up, how can you possibly say no?
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So is it a deal? I hope so.
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If you join us today, I guarantee you’ll be first in line to profit from silver’s next big move—or you won’t pay a dime.
Act now.
I guarantee it will be the most profitable investment decision you make in 2011.
Sincerely,Join Today
signed- Louis Navellier
Louis Navellier
Editor, Blue Chip Growth
P.S. Remember: My risk-free trial and money-back guarantee give you six months to grab your share of profits from silver’s next big move before you decide if Blue Chip Growth is right for you.
Again…
If I’m right, joining me today will be your best financial decision of 2011. If I’m wrong, you can cancel and get your money back.
And it’s your decision all the way.
Sunday, September 18, 2011
Destiny is Demography by Bill Bonner
The San Francisco Federal Reserve bank came out with a gloomy forecast last month. Its analysts said that stocks were likely to earn paltry returns over the next 10 years. The reason cited was simple enough; stockholders don't live forever.
'Demography is destiny,' said Auguste Comte. 'It works the other way around too,' he might have added. If they thought they were going to live longer, America's most ubiquitous age cohort -- the baby boomers -- might continue to buy stocks. Instead, the cold hand of the grave is on their shoulders and on the whole economy. The boomers are retiring at the rate of 10,000 per day over the next 18 years. They will sell stocks to finance their remaining years.
Old people have always been a drag on an economy. Migrating tribes left them behind. Eskimos put them out on the ice. Old people generally bowed to their fate with good grace. In times of famine, for example, they stopped eating so the young might live.
Mortality has doomed the stock market, says the S.F. Fed. P/E ratios will likely be cut in half. Investors are unlikely to see their stocks return to 2010 levels, says the report, until 2027. And this assumes that US companies will continue to grow profits as they did since 1954. Not very likely. Because democracy, energy, and financial quackery are destiny too. Jointly and severally, they are responsible for the biggest financial debacle in history.
This week, Deutsche Bank came out with a report of its own. It, too, is confident that the "Golden Age" -- 1982-2007 -- is over. In its place is a "Grey Age." Instead of the nominal 12.8% gains of the Golden Age, investors have gotten returns of -- 2.8% per annum for the last 4 years. Deutsche Bank expects stock market investors to lose about 10% of their money -- in real terms -- over the next 10 years, while the economy goes through 3 recessions!
But what would you expect? Everything droops. For the last 3 or 4 centuries the winning formula for developed economies and their governments has been simple: More energy. More output. More people. More credit. More promises. This formula has been so effective for so long people began to think it was destiny itself. It's not. Instead, it is slave to destiny not its master.
By 2007, the slave was put in his place. The business cycle turned sour. Native populations in Europe and Japan are falling. Energy use per person in the developed world has leveled off. Private sector credit is shrinking. So is real private sector output.
The feds responded to this challenge as they had to every post-WWII slowdown. They added more -- more money, more credit. The government itself spent more money and used more energy. But the economy did not react in the old manner.
An obvious reason: people are no longer as young and sans-soucis as they used to be. A young man's eye may be drawn to fast German cars or slick Italian suits. But an old man can barely see at all. The baby boomers no longer roll their joints; they rub them. And they are no longer the source of an economic boom; now, they are the proximate cause of the bust.
But there's more to this new Grey Age than demography. People too are subject to the law of declining marginal utility. They wear out. But so do even the most enduring and impressive economic trends. There were only 450 million people on the planet in 1500. It took 99,000 years to reach that level. Then, over the next 5 centuries -- the population soared 10 times. Today, it is hard to find a parking place in any major city. How was such a big jump in population possible? Destiny was demography. With ready, cheap energy at hand, man could grow more food. And then he could ship it all around the world. And he could put his talents to work making more and better machines...which would vastly increase his output and his standard of living.
But the Machine Age ages too. The first tractors appeared more than 100 years ago. They may have increased production 10...20...100 times. Since then, improvements have been incremental, not revolutionary. We have bigger, faster, better tractors -- that use more energy than ever.
Meanwhile, energy itself came to be more expensive. When the price of energy rose in the '70s, the "30 glorious years" that followed WWII were soon over. Hourly wage rates stopped increasing and have not gone up since.
Yes, there is plenty of energy around. But it is net output that you get from energy that counts, not the raw output. If a gallon of gasoline costs $5...it must produce more than $5 in additional output or the economy gets poorer. As the price rises fewer and fewer new energy apps pay off.
Likewise, credit is subject to the law of declining marginal utility too. In 1950, an additional dollar of credit added about 70 cents to GDP. By 2007, the US economy was adding more than $5 of debt to produce a single new dollar's worth of GDP. Now, the feds' new credit inputs produce negative real returns.
The jig is up. More no longer works.
Regards,
Bill Bonner,
for The Daily Reckoning
Joel's Note: The "hard math of demography," as they called it, is a subject Bill and co-author, Addison Wiggin, addressed at some length in their groundbreaking book, Financial Reckoning Day: Surviving the Soft Depression of the 21st Century. In it, the intrepid pair foretold much of the turmoil that would later come to pass, both in the financial markets and in the Middle East.
Interestingly enough, the "hard math" is coming home to roost in the United States too. Look, for example, at the inter-generational friction lighting up the Social Security debate. Retiring baby boomers want back what they paid (by governmental force) into the scheme. Meanwhile, younger generations, themselves struggling with soaring unemployment and diminished job opportunities, are loath to pay into something they've already written off as an economically unsustainable scam. Needless to say, something's gonna give.
"It's one of the major themes we'll be exploring in Apogee going forward," explained Addison in a conference call yesterday. Addison's Apogee Advisory seeks to cover the nexus between money and politics, between Wall Street and Washington. How will these trends impact you? How can you prepare yourself? And what, exactly, should you even be looking out for? Check out Addison's latest presentation here for a sneak peak at one particularly unsettling theme already well underway...and what you can do about it.
'Demography is destiny,' said Auguste Comte. 'It works the other way around too,' he might have added. If they thought they were going to live longer, America's most ubiquitous age cohort -- the baby boomers -- might continue to buy stocks. Instead, the cold hand of the grave is on their shoulders and on the whole economy. The boomers are retiring at the rate of 10,000 per day over the next 18 years. They will sell stocks to finance their remaining years.
Old people have always been a drag on an economy. Migrating tribes left them behind. Eskimos put them out on the ice. Old people generally bowed to their fate with good grace. In times of famine, for example, they stopped eating so the young might live.
Mortality has doomed the stock market, says the S.F. Fed. P/E ratios will likely be cut in half. Investors are unlikely to see their stocks return to 2010 levels, says the report, until 2027. And this assumes that US companies will continue to grow profits as they did since 1954. Not very likely. Because democracy, energy, and financial quackery are destiny too. Jointly and severally, they are responsible for the biggest financial debacle in history.
This week, Deutsche Bank came out with a report of its own. It, too, is confident that the "Golden Age" -- 1982-2007 -- is over. In its place is a "Grey Age." Instead of the nominal 12.8% gains of the Golden Age, investors have gotten returns of -- 2.8% per annum for the last 4 years. Deutsche Bank expects stock market investors to lose about 10% of their money -- in real terms -- over the next 10 years, while the economy goes through 3 recessions!
But what would you expect? Everything droops. For the last 3 or 4 centuries the winning formula for developed economies and their governments has been simple: More energy. More output. More people. More credit. More promises. This formula has been so effective for so long people began to think it was destiny itself. It's not. Instead, it is slave to destiny not its master.
By 2007, the slave was put in his place. The business cycle turned sour. Native populations in Europe and Japan are falling. Energy use per person in the developed world has leveled off. Private sector credit is shrinking. So is real private sector output.
The feds responded to this challenge as they had to every post-WWII slowdown. They added more -- more money, more credit. The government itself spent more money and used more energy. But the economy did not react in the old manner.
An obvious reason: people are no longer as young and sans-soucis as they used to be. A young man's eye may be drawn to fast German cars or slick Italian suits. But an old man can barely see at all. The baby boomers no longer roll their joints; they rub them. And they are no longer the source of an economic boom; now, they are the proximate cause of the bust.
But there's more to this new Grey Age than demography. People too are subject to the law of declining marginal utility. They wear out. But so do even the most enduring and impressive economic trends. There were only 450 million people on the planet in 1500. It took 99,000 years to reach that level. Then, over the next 5 centuries -- the population soared 10 times. Today, it is hard to find a parking place in any major city. How was such a big jump in population possible? Destiny was demography. With ready, cheap energy at hand, man could grow more food. And then he could ship it all around the world. And he could put his talents to work making more and better machines...which would vastly increase his output and his standard of living.
But the Machine Age ages too. The first tractors appeared more than 100 years ago. They may have increased production 10...20...100 times. Since then, improvements have been incremental, not revolutionary. We have bigger, faster, better tractors -- that use more energy than ever.
Meanwhile, energy itself came to be more expensive. When the price of energy rose in the '70s, the "30 glorious years" that followed WWII were soon over. Hourly wage rates stopped increasing and have not gone up since.
Yes, there is plenty of energy around. But it is net output that you get from energy that counts, not the raw output. If a gallon of gasoline costs $5...it must produce more than $5 in additional output or the economy gets poorer. As the price rises fewer and fewer new energy apps pay off.
Likewise, credit is subject to the law of declining marginal utility too. In 1950, an additional dollar of credit added about 70 cents to GDP. By 2007, the US economy was adding more than $5 of debt to produce a single new dollar's worth of GDP. Now, the feds' new credit inputs produce negative real returns.
The jig is up. More no longer works.
Regards,
Bill Bonner,
for The Daily Reckoning
Joel's Note: The "hard math of demography," as they called it, is a subject Bill and co-author, Addison Wiggin, addressed at some length in their groundbreaking book, Financial Reckoning Day: Surviving the Soft Depression of the 21st Century. In it, the intrepid pair foretold much of the turmoil that would later come to pass, both in the financial markets and in the Middle East.
Interestingly enough, the "hard math" is coming home to roost in the United States too. Look, for example, at the inter-generational friction lighting up the Social Security debate. Retiring baby boomers want back what they paid (by governmental force) into the scheme. Meanwhile, younger generations, themselves struggling with soaring unemployment and diminished job opportunities, are loath to pay into something they've already written off as an economically unsustainable scam. Needless to say, something's gonna give.
"It's one of the major themes we'll be exploring in Apogee going forward," explained Addison in a conference call yesterday. Addison's Apogee Advisory seeks to cover the nexus between money and politics, between Wall Street and Washington. How will these trends impact you? How can you prepare yourself? And what, exactly, should you even be looking out for? Check out Addison's latest presentation here for a sneak peak at one particularly unsettling theme already well underway...and what you can do about it.
Thursday, September 15, 2011
Chinese Communists Would Love President Rick Perry !
By Paul B. Farrell, MarketWatch
SAN LUIS OBISPO, Calif. (MarketWatch) — China must be secretly rooting for a guy like Rick Perry as the next U.S. president. They’d love competing against an America led by another Texas governor who talks from a big hat, loves war spending and tea parties, thinks the Fed chairman is acting “treasonous,” believes Social Security is a “Ponzi scheme” and admits he’s an antiscience, antievolution, anti-intellectual who will turn back the clock to the 19th century frontier Wild West.
Inflation watch in China
Inflation is still China's biggest economic headache, World Bank chief Robert Zoellick said on a visit to the world's No. 2 economy. Dinny McMahon and Tom Orlik discuss the outlook for inflation, and Beijing's policy options.
Yes, China’s rooting for a guy who will not only make Washington “inconsequential” for all Americans, he’ll make America “inconsequential” in a world where China knows that its competitive edge and economic growth all hinge on investing in science, innovation and intellectuals with a vision of the future.
You can bet China’s leaders are cheering for a president who’ll stall the American economy even further while China races ahead of us in the global economic war. China would probably settle for the other leading GOP candidate, that ex-governor whose values shift with the latest polls and Tea Party questions … whatever happened to the GOP’s Bill Buckley soul?
China’s commie-capitalism beating GOP’s Reaganomics since 2000
Adam Smith’s original 1776 capitalism made America the world’s greatest superpower. We’ve lost that too. So America’s now in a handicap race with China, and losing. Why?
In just the past decade China’s state-run hybrid commie-capitalism has beaten the American economy, going from a “poor country” to racing ahead to global economic dominance. Unfortunately, our politicians just don’t get it. They’re like high school teens fighting a turf war who can’t see the building’s burning down.
In his “Triumph of Politics Over Economics,” Reagan’s budget director David Stockman warns: “America’s at a crossroads struggling to redefine ourselves, at a time when even Reagan couldn’t win the GOP nomination. Why? Because myopic politicians have hijacked the economy. Politicians are the new economists. Politicians now run the economy, puppets of the Super Rich and special-interest lobbyists.”
Stockman calls this corrupt system Crony Capitalism. We call it Reaganomics and Doomsday Capitalism, a sellf-destructive ideology that works to China’s advantage.
Here are 11 reasons China’s leaders would love an inconsequential president making America inconsequential in China’s march to economic world domination:
1. China’s economy: $123 trillion, 3 times America’s by 2040
In an eye-opening Foreign Policy cover story last year titled “$123,000,000,000,000: Why China’s economy will grow to $123 trillion by 2040,” Nobel economist Robert W. Fogel of the University of Chicago writes about China’s unbelievable leap forward. Back in 2000, just one decade ago, China was a “poor country” when the GOP and its “war president” took over control of America, announcing that “debt doesn’t matter.”
Yes, by 2040 “the Chinese economy will reach $123 trillion, or nearly three times the economic output of the entire globe in 2000. China’s per capita income will hit $85,000, more than double the forecast for the European Union … much higher than that of India and Japan … the average Chinese megacity dweller will be living twice as well as the average Frenchman … Although it will not have overtaken the United States in per capita wealth … China’s share of global GDP— 40% — will dwarf that of the United States (14%) and the EU (5%) 30 years from now,” one brief generation.
2. China’s political system is more capitalist than America’s
“The Chinese political system is likely not what you think,” says Fogel, “Most economic reforms, including the most successful ones, have been locally driven and overseen.” Today there’s “more criticism and debate in upper echelons of policymaking.”
Fogel attends meetings of the Chinese Economists Society. Many economists are openly “critical of the Chinese government,” will even “point out that the latest decision by the finance ministry is flawed … even publish a critical letter in a Beijing newspaper.”
3. China is rapidly turning into a capitalist consumer economy
Yes, “China’s long-repressed consumerist tendencies” are exploding,” says Fogel: “In many ways, China is the most capitalist country in the world right now.”
Get it? While we borrow from China then waste money fighting wars, while Wall Street and the Super Rich are amassing wealth in the hands of the top 1%, “in the big Chinese cities, living standards and per capita income are at the level of countries the World Bank would deem ‘high middle-income,’ with a clear, growing affinity for acquiring clothes, electronics, fast food, automobiles.”
Why? Because China’s leaders “made the judgment that increasing domestic consumption will be critical to China’s economy, and a host of domestic policies now aim to increase Chinese consumers’ appetite for acquisitions.”
4. China’s massive investments in education, ahead of America
China’s making “enormous investments” in education, says Fogel. They know “educated workers are much more productive workers. … college-educated workers are three times as productive … a high school graduate is 1.8 times as productive as a worker with less than a ninth-grade education.”
In the next generation China’s high school enrollment rate could reach 100%, the college rate about 50%, adding “more than 6 percentage points to the country’s annual economic growth rate.” Meanwhile, America runs up massive debts wasting trillions on wars, shortchanging education.
5: China’s locking up global resources, using U.S. dollar reserves
The title of a Malcolm Knox feature in BusinessWeek says it all: “The deal is simple. Australia gets money. China gets Australia.” Wake up America: While our clueless myopic politicians are fighting self-destructive election turf wars, China is using its reserves (U.S. dollars!) to buy rights to Australia’s commodities and natural resources, giving China long-term access to natural gas, minerals, iron ore.
And that’s just one continent: China’s quietly buying up future rights to commodity-resources worldwide.
6. China’s rural economy of 700 million adding to growth rate
Go beyond the Shanghai high-rises and Guangdong factories,” says Fogel. You’ll see “changes afoot in the Chinese countryside … an under-appreciated economic engine.”
From 1978 to 2003 China’s labor productivity averaged about 6%. In the future, productivity will also increase in rural areas, for about 700 million or half of China. “That large rural sector is responsible for about a third of Chinese economic growth today” and will explode as a new generation adds another hundred million.
7. China’s government statistics underreporting progress
Don’t be misled by reports that “Chinese data are flawed or deliberately inflated in key ways,” says Fogel. Just the opposite: Their “statisticians may well be underestimating economic progress … Small firms often don’t report their numbers to the government.”
And as in America, “official estimates of GDP badly underestimate national growth” because they don’t “take into account improvements in services such as education and health care.” In short, “the rapid growth of China’s service sector makes the underestimation more pronounced.”
8: Yes, China does have a long-range plan to conquer America
China is America’s worst nightmare, engaged in economic warfare against us on multiple fronts: Stealing millions of jobs, stealing U.S. state secrets, stealing proprietary patents, stealing technology, stealing our wealth. China has also forged strategic alliances with our enemies, Iran, Venezuela and North Korea. China is engaged in a not-so-secret cyber-war against America.
Ross Terrill, a China expert at Harvard, wrote in the Wilson Quarterly: “The Chinese Communists are very aware of this contest with the United States, though Americans (beyond the Pentagon) are not.” Terrill warns: “By being a shrinking violet, the United States would simply hand over the future to China.”
9: China’s aware of Pentagon strategies, is one-upping generals
You know China’s generals have copies of the Pentagon’s strategic war manual. New York Times columnist Paul Krugman warns of China’s long-range plans beyond waging “economic warfare” and tying up long-term natural resources.
Krugman says China’s actions tell us they’re planning long-term military strategies as well as economic war. He warns that in the near future, some seemly inconsequential incident may provoke “dangerously trigger-happy” Chinese leaders into escalating from defensive military strategies to a preemptive strike to advance China’s economic power.
10. The “Goldman Conspiracy” is helping China sabotage America
Li Delin’s “The Goldman Sachs Conspiracy” was a best seller in China. His Chinese readers love his vivid description: “Goldman Sachs knows when to go for your neck” like a “Manchurian tiger.”
Actually China’s playing a clever game: As author Matt Taibbi might say, China is now a “vampire squid wrapped around the face of Goldman, relentlessly jamming its blood funnel into Goldman’s capital, talent and connections.” Eventually China will suck the life out of Goldman.
11. By 2040 China will be the world’s biggest superpower (again)
“To the West, the notion of a world in which the center of global economic gravity lies in Asia may seem unimaginable,” says Fogel. “But it wouldn’t be the first time. … China was the world’s largest economy for 18 of the past 20 centuries. … While Europe was fumbling in the Dark Ages and fighting disastrous religious wars, China cultivated the highest standards of living in the world. Today, the notion of a rising China is, in Chinese eyes, merely a return to the status quo.”
And thanks to guys like Mitch McConnell, Paul Ryan, Rick Perry, Barack Obama, the Goldman Conspiracy and buddies, China is destined to once again become the world’s superpower by 2040, when China’s economy is three times bigger than America’s.
SAN LUIS OBISPO, Calif. (MarketWatch) — China must be secretly rooting for a guy like Rick Perry as the next U.S. president. They’d love competing against an America led by another Texas governor who talks from a big hat, loves war spending and tea parties, thinks the Fed chairman is acting “treasonous,” believes Social Security is a “Ponzi scheme” and admits he’s an antiscience, antievolution, anti-intellectual who will turn back the clock to the 19th century frontier Wild West.
Inflation watch in China
Inflation is still China's biggest economic headache, World Bank chief Robert Zoellick said on a visit to the world's No. 2 economy. Dinny McMahon and Tom Orlik discuss the outlook for inflation, and Beijing's policy options.
Yes, China’s rooting for a guy who will not only make Washington “inconsequential” for all Americans, he’ll make America “inconsequential” in a world where China knows that its competitive edge and economic growth all hinge on investing in science, innovation and intellectuals with a vision of the future.
You can bet China’s leaders are cheering for a president who’ll stall the American economy even further while China races ahead of us in the global economic war. China would probably settle for the other leading GOP candidate, that ex-governor whose values shift with the latest polls and Tea Party questions … whatever happened to the GOP’s Bill Buckley soul?
China’s commie-capitalism beating GOP’s Reaganomics since 2000
Adam Smith’s original 1776 capitalism made America the world’s greatest superpower. We’ve lost that too. So America’s now in a handicap race with China, and losing. Why?
In just the past decade China’s state-run hybrid commie-capitalism has beaten the American economy, going from a “poor country” to racing ahead to global economic dominance. Unfortunately, our politicians just don’t get it. They’re like high school teens fighting a turf war who can’t see the building’s burning down.
In his “Triumph of Politics Over Economics,” Reagan’s budget director David Stockman warns: “America’s at a crossroads struggling to redefine ourselves, at a time when even Reagan couldn’t win the GOP nomination. Why? Because myopic politicians have hijacked the economy. Politicians are the new economists. Politicians now run the economy, puppets of the Super Rich and special-interest lobbyists.”
Stockman calls this corrupt system Crony Capitalism. We call it Reaganomics and Doomsday Capitalism, a sellf-destructive ideology that works to China’s advantage.
Here are 11 reasons China’s leaders would love an inconsequential president making America inconsequential in China’s march to economic world domination:
1. China’s economy: $123 trillion, 3 times America’s by 2040
In an eye-opening Foreign Policy cover story last year titled “$123,000,000,000,000: Why China’s economy will grow to $123 trillion by 2040,” Nobel economist Robert W. Fogel of the University of Chicago writes about China’s unbelievable leap forward. Back in 2000, just one decade ago, China was a “poor country” when the GOP and its “war president” took over control of America, announcing that “debt doesn’t matter.”
Yes, by 2040 “the Chinese economy will reach $123 trillion, or nearly three times the economic output of the entire globe in 2000. China’s per capita income will hit $85,000, more than double the forecast for the European Union … much higher than that of India and Japan … the average Chinese megacity dweller will be living twice as well as the average Frenchman … Although it will not have overtaken the United States in per capita wealth … China’s share of global GDP— 40% — will dwarf that of the United States (14%) and the EU (5%) 30 years from now,” one brief generation.
2. China’s political system is more capitalist than America’s
“The Chinese political system is likely not what you think,” says Fogel, “Most economic reforms, including the most successful ones, have been locally driven and overseen.” Today there’s “more criticism and debate in upper echelons of policymaking.”
Fogel attends meetings of the Chinese Economists Society. Many economists are openly “critical of the Chinese government,” will even “point out that the latest decision by the finance ministry is flawed … even publish a critical letter in a Beijing newspaper.”
3. China is rapidly turning into a capitalist consumer economy
Yes, “China’s long-repressed consumerist tendencies” are exploding,” says Fogel: “In many ways, China is the most capitalist country in the world right now.”
Get it? While we borrow from China then waste money fighting wars, while Wall Street and the Super Rich are amassing wealth in the hands of the top 1%, “in the big Chinese cities, living standards and per capita income are at the level of countries the World Bank would deem ‘high middle-income,’ with a clear, growing affinity for acquiring clothes, electronics, fast food, automobiles.”
Why? Because China’s leaders “made the judgment that increasing domestic consumption will be critical to China’s economy, and a host of domestic policies now aim to increase Chinese consumers’ appetite for acquisitions.”
4. China’s massive investments in education, ahead of America
China’s making “enormous investments” in education, says Fogel. They know “educated workers are much more productive workers. … college-educated workers are three times as productive … a high school graduate is 1.8 times as productive as a worker with less than a ninth-grade education.”
In the next generation China’s high school enrollment rate could reach 100%, the college rate about 50%, adding “more than 6 percentage points to the country’s annual economic growth rate.” Meanwhile, America runs up massive debts wasting trillions on wars, shortchanging education.
5: China’s locking up global resources, using U.S. dollar reserves
The title of a Malcolm Knox feature in BusinessWeek says it all: “The deal is simple. Australia gets money. China gets Australia.” Wake up America: While our clueless myopic politicians are fighting self-destructive election turf wars, China is using its reserves (U.S. dollars!) to buy rights to Australia’s commodities and natural resources, giving China long-term access to natural gas, minerals, iron ore.
And that’s just one continent: China’s quietly buying up future rights to commodity-resources worldwide.
6. China’s rural economy of 700 million adding to growth rate
Go beyond the Shanghai high-rises and Guangdong factories,” says Fogel. You’ll see “changes afoot in the Chinese countryside … an under-appreciated economic engine.”
From 1978 to 2003 China’s labor productivity averaged about 6%. In the future, productivity will also increase in rural areas, for about 700 million or half of China. “That large rural sector is responsible for about a third of Chinese economic growth today” and will explode as a new generation adds another hundred million.
7. China’s government statistics underreporting progress
Don’t be misled by reports that “Chinese data are flawed or deliberately inflated in key ways,” says Fogel. Just the opposite: Their “statisticians may well be underestimating economic progress … Small firms often don’t report their numbers to the government.”
And as in America, “official estimates of GDP badly underestimate national growth” because they don’t “take into account improvements in services such as education and health care.” In short, “the rapid growth of China’s service sector makes the underestimation more pronounced.”
8: Yes, China does have a long-range plan to conquer America
China is America’s worst nightmare, engaged in economic warfare against us on multiple fronts: Stealing millions of jobs, stealing U.S. state secrets, stealing proprietary patents, stealing technology, stealing our wealth. China has also forged strategic alliances with our enemies, Iran, Venezuela and North Korea. China is engaged in a not-so-secret cyber-war against America.
Ross Terrill, a China expert at Harvard, wrote in the Wilson Quarterly: “The Chinese Communists are very aware of this contest with the United States, though Americans (beyond the Pentagon) are not.” Terrill warns: “By being a shrinking violet, the United States would simply hand over the future to China.”
9: China’s aware of Pentagon strategies, is one-upping generals
You know China’s generals have copies of the Pentagon’s strategic war manual. New York Times columnist Paul Krugman warns of China’s long-range plans beyond waging “economic warfare” and tying up long-term natural resources.
Krugman says China’s actions tell us they’re planning long-term military strategies as well as economic war. He warns that in the near future, some seemly inconsequential incident may provoke “dangerously trigger-happy” Chinese leaders into escalating from defensive military strategies to a preemptive strike to advance China’s economic power.
10. The “Goldman Conspiracy” is helping China sabotage America
Li Delin’s “The Goldman Sachs Conspiracy” was a best seller in China. His Chinese readers love his vivid description: “Goldman Sachs knows when to go for your neck” like a “Manchurian tiger.”
Actually China’s playing a clever game: As author Matt Taibbi might say, China is now a “vampire squid wrapped around the face of Goldman, relentlessly jamming its blood funnel into Goldman’s capital, talent and connections.” Eventually China will suck the life out of Goldman.
11. By 2040 China will be the world’s biggest superpower (again)
“To the West, the notion of a world in which the center of global economic gravity lies in Asia may seem unimaginable,” says Fogel. “But it wouldn’t be the first time. … China was the world’s largest economy for 18 of the past 20 centuries. … While Europe was fumbling in the Dark Ages and fighting disastrous religious wars, China cultivated the highest standards of living in the world. Today, the notion of a rising China is, in Chinese eyes, merely a return to the status quo.”
And thanks to guys like Mitch McConnell, Paul Ryan, Rick Perry, Barack Obama, the Goldman Conspiracy and buddies, China is destined to once again become the world’s superpower by 2040, when China’s economy is three times bigger than America’s.
Wednesday, September 14, 2011
With DIRECTV, you need only one HD DVR for all your TVs !
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All you need is one {id:"expand_legal_whd-dvr"}HD DVRThis receiver allows you to watch, record and playback your favorite programs in HD. With Whole-Home DVR service, a single HD DVR allows you watch recorded programs on other TVs connected to non-DVR HD receivers. for one of your TVs and {id:"expand_legal_whd"}HD receivers This receiver allows you to enjoy High-Definition programming. When networked with an HD DVR and with Whole-Home DVR service, the HD receiver also allows you to watch recorded programs in HD, as well as schedule and delete recordings. for your other connected TVs. Check the "Whole-Home DVR service" box when you choose your TV package above, then select your receivers on the next screen.
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* Schedule or delete a recording from any room
* Start watching a recording in one room and finish where you left off in another
* Record two shows at once while watching two others from your DVR playlist
* Set your DVR from any cell phone or computer
All you need is one {id:"expand_legal_whd-dvr"}HD DVRThis receiver allows you to watch, record and playback your favorite programs in HD. With Whole-Home DVR service, a single HD DVR allows you watch recorded programs on other TVs connected to non-DVR HD receivers. for one of your TVs and {id:"expand_legal_whd"}HD receivers This receiver allows you to enjoy High-Definition programming. When networked with an HD DVR and with Whole-Home DVR service, the HD receiver also allows you to watch recorded programs in HD, as well as schedule and delete recordings. for your other connected TVs. Check the "Whole-Home DVR service" box when you choose your TV package above, then select your receivers on the next screen.
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* All new releases in 1080p HD, the same format as Blu-ray™ {id:"expand_legal_1080p"}1080p HD.
* Plus instant access to over {id:"expand_legal_cinemaplus"}6,000 shows and movies, at no extra charge
And much more. For a limited time, get a FREE HD DVR receiver upgrade plus a FREE HD receiver upgrade with qualifying packages when you sign up for {id:"expand_legal_wholehome"}Whole-Home DVR service.
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* Access to the most {id:"expand_legal_hd"}full-time HD channels — over 170!
* The most movies in Blu-ray™-format 1080p HD
* {id:"expand_legal_dvr"}DVR Scheduler — set your DVR from anywhere with any mobile phone or computer
* Live streams of every NFL game every Sunday with {id:"expand_legal_nfltogo"}NFL SUNDAY TICKET™To-GoNFL SUNDAY TICKET™ subscription and NFL SUNDAY TICKET™ To-Go subscriptions required. Visit directv.com/NFLMobile for a list compatible phones. Only available on certain devices from certain providers.
* {id:"expand_legal_mix"}Mix Channels showing up to 8 channels at the same time
* FREE {id:"expand_legal_tvapps"}interactive Web-based applicationsDIRECTV TV Apps require an HD DVR or HD receiver. Receiver must be connected to the Internet.
Thursday, September 8, 2011
Viking Minerals: A mining company with huge potential
VKML is engaged in the acquisition and development of near-term producing copper, gold and silver properties in the United States and Canada.
Viking is focusing on developing its Dolly Varden properties in northeastern Nevada, adjacent to the Victoria Copper mine. The large resource of copper in this area has been well documented and hosts two large operating mines Battle Mountain and Robinson.
Positive assay results and "growing anticipation"
On Tuesday after the closing bell, VKML reported up to 5.23 percent copper from its first five assay results at the Dolly Varden Claims in Nevada.
The property continues to prove itself "as being highly mineralised with the potential for bulk tonnage copper, gold and silver recovery," said VKML's President Charles Irizarry in a September 6 press release.
"These results of up to 5.23% Copper from our first hole have exceeded our expectations," Irizarry said. "Especially when considering the neighboring Robinson Mine averages 0.5% copper. There is growing anticipation on what our next set of results will bring."
"Very optimistic that our property will be an important one"
In early June, VKML announced the acquisition of 16 claims in the Dolly Varden district in Elko County, Nevada -- "the world's third most prolific mining region," according to a June 1 press release.
The 16 claim property is adjacent to the Victoria Mine, which operated in the 1970's and 1980's producing over 24 million pounds of copper as well as the Dolly Varden Property which was a gold and copper producing mine, the press release stated.
"We are excited about the potential of our property. With its location in Elko County, which is a prolific mining area, and based on the results of our grab samples to date, we are very optimistic that our property will be an important one," Irizarry said in the June 1 press release.
Situated near properties with a history of production
There are 298 mines in Elko County, Nevada, located between Reno and Salt Lake City. Two of the most noteworthy mines include the Robinson Mine which is an open pit copper and gold mine that has operated continuously since 2005 producing averagely 121-126 million pounds per year of copper, and the Bingham Canyon Mine, which is the world's largest open pit mine and has produced more copper than any other mine in history - approximately 14.5 million tons.
According to VKML's Web site, The Dolly Varden property is located 75 miles south of the Victoria Mine and is close to Quadra Mining Co.'s huge Robinson mine, which in 2005 produced 126 million lbs. copper and 81,000 oz gold at grades of 0.6% Cu and 0.25 g/t Au. And 100 miles to the east is the Bingham Canyon mine.
Steps to increase shareholder value
Just a few months ago, VKML announced that it cancelled 240 million common shares in order to "greatly enhance the position of its shareholders," a June 23 press release stated.
"By reducing the issued and outstanding shares in our company by 240,000,000 or two thirds, we have not only dramatically enhanced our shareholders value, but also provided the company with the flexibility to acquire production assets using both cash and stock with minimal dilution to our share holders," Irizarry said in the June 23 press release.
An emphasis on near-term production
The Dolly Varden property could be a huge find for VKML. With a string of positive news releases in recent months, and positive assay results, VKML could be on the verge of a new phase of growth.
"The general market for Gold and Copper keeps getting better and better, it only makes sense to ramp up both exploration on the Dolly Varden as well as further acquisitions in Elko County area with an emphasis on near term production of both Gold and Copper," Irizarry said in a June 15 press release.
To learn more about VKML, visit: http://www.vikingmineralsinc.com/
Disclaimer:
THIS IS A PAID ADVERTISEMENT FOR THE COMPANY OR COMPANIES MENTIONED IN THIS PUBLICATION. DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS NEWSLETTER OR ON OUR WEBSITE.
The information contained on our website or in any of our newsletters should be viewed as commercial advertisement and is not intended to be investment advice. Our Web site and our newsletter are services of Longview Communications Corp., a media and advertising firm that is from time-to-time compensated by the companies profiled on our web site or in our newsletter. When compensated in shares, readers should be aware that it is our policy to liquidate all shares immediately. All direct and third party compensation received has been disclosed on our newsletter and/or our website in accordance with section 1 7 (b) of the Securities Act of 1 9 3 3.
Compensation: We are expecting to receive six thousand five hundred dollars from a third party, Block Investments, Inc., for a two-day e-mail advertising campaign for Viking Minerals, Inc.
Viking is focusing on developing its Dolly Varden properties in northeastern Nevada, adjacent to the Victoria Copper mine. The large resource of copper in this area has been well documented and hosts two large operating mines Battle Mountain and Robinson.
Positive assay results and "growing anticipation"
On Tuesday after the closing bell, VKML reported up to 5.23 percent copper from its first five assay results at the Dolly Varden Claims in Nevada.
The property continues to prove itself "as being highly mineralised with the potential for bulk tonnage copper, gold and silver recovery," said VKML's President Charles Irizarry in a September 6 press release.
"These results of up to 5.23% Copper from our first hole have exceeded our expectations," Irizarry said. "Especially when considering the neighboring Robinson Mine averages 0.5% copper. There is growing anticipation on what our next set of results will bring."
"Very optimistic that our property will be an important one"
In early June, VKML announced the acquisition of 16 claims in the Dolly Varden district in Elko County, Nevada -- "the world's third most prolific mining region," according to a June 1 press release.
The 16 claim property is adjacent to the Victoria Mine, which operated in the 1970's and 1980's producing over 24 million pounds of copper as well as the Dolly Varden Property which was a gold and copper producing mine, the press release stated.
"We are excited about the potential of our property. With its location in Elko County, which is a prolific mining area, and based on the results of our grab samples to date, we are very optimistic that our property will be an important one," Irizarry said in the June 1 press release.
Situated near properties with a history of production
There are 298 mines in Elko County, Nevada, located between Reno and Salt Lake City. Two of the most noteworthy mines include the Robinson Mine which is an open pit copper and gold mine that has operated continuously since 2005 producing averagely 121-126 million pounds per year of copper, and the Bingham Canyon Mine, which is the world's largest open pit mine and has produced more copper than any other mine in history - approximately 14.5 million tons.
According to VKML's Web site, The Dolly Varden property is located 75 miles south of the Victoria Mine and is close to Quadra Mining Co.'s huge Robinson mine, which in 2005 produced 126 million lbs. copper and 81,000 oz gold at grades of 0.6% Cu and 0.25 g/t Au. And 100 miles to the east is the Bingham Canyon mine.
Steps to increase shareholder value
Just a few months ago, VKML announced that it cancelled 240 million common shares in order to "greatly enhance the position of its shareholders," a June 23 press release stated.
"By reducing the issued and outstanding shares in our company by 240,000,000 or two thirds, we have not only dramatically enhanced our shareholders value, but also provided the company with the flexibility to acquire production assets using both cash and stock with minimal dilution to our share holders," Irizarry said in the June 23 press release.
An emphasis on near-term production
The Dolly Varden property could be a huge find for VKML. With a string of positive news releases in recent months, and positive assay results, VKML could be on the verge of a new phase of growth.
"The general market for Gold and Copper keeps getting better and better, it only makes sense to ramp up both exploration on the Dolly Varden as well as further acquisitions in Elko County area with an emphasis on near term production of both Gold and Copper," Irizarry said in a June 15 press release.
To learn more about VKML, visit: http://www.vikingmineralsinc.com/
Disclaimer:
THIS IS A PAID ADVERTISEMENT FOR THE COMPANY OR COMPANIES MENTIONED IN THIS PUBLICATION. DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS NEWSLETTER OR ON OUR WEBSITE.
The information contained on our website or in any of our newsletters should be viewed as commercial advertisement and is not intended to be investment advice. Our Web site and our newsletter are services of Longview Communications Corp., a media and advertising firm that is from time-to-time compensated by the companies profiled on our web site or in our newsletter. When compensated in shares, readers should be aware that it is our policy to liquidate all shares immediately. All direct and third party compensation received has been disclosed on our newsletter and/or our website in accordance with section 1 7 (b) of the Securities Act of 1 9 3 3.
Compensation: We are expecting to receive six thousand five hundred dollars from a third party, Block Investments, Inc., for a two-day e-mail advertising campaign for Viking Minerals, Inc.
Wednesday, September 7, 2011
Gov. Rick Perry Lives Under a GOP Rock While Denying Climate Change Despite Record-Breaking Heat
HOT HOT HOT! Austin breaks heat record today as arguments inexplicably continue about climate change
August 23, 2011 by Andy Wilson
Austin’s temps will soar back into the 100′s for our 69th day this year of over 100 degrees. This will break a record that has stood since 1925 for the most days over 100 degrees, as we begin another round of heat advisories lasting through the weekend of 100+ degree weather. Since we’re going to not just be breaking the record, but adding several more days onto it (to a total of at least 73 or 74- assuming this is the last hot pattern we have in the next month), we may want to ask ourselves what is going on?
Well, we are faced with a La Nina weather pattern, bringing hot, dry weather to the Lonestar state. La Ninas have happened before and they’ll happen again- as evidence by the 86 year old record og 68 days of 100+ heat. For it to be hot in Texas in the summer is normal, but it’s not normal for it to be this hot for this many days.
Which brings us to climate change. Scientists theorizing about climate change decades ago predicted exactly what we are seeing now: slight upticks in temperature giving us more slightly hotter days. So, a day that would normally be 98 or 99 is now 101 or 102 due to the radiative forcings of the greenhouse gases in our atmosphere. Or, like this informative video from Futurama explains it:
Things are even getting so bad that they’re delaying Texas football games by an hour to let the temperatures cool off. So, as unprecedented as these individual points are, they don’t necessarily individually indicate a pattern of warming. However, when you consider that in 2009 we were also in danger of breaking the 1925 record, and 2008 was also an unseasonably hot year, the fact that climate is getting hotter is in no doubt.
truth o meter rick perry false climate change
Meanwhile, there are a lot of folks wasting their time debating the science of climate change. Our Texas governor, Rick Perry, himself a well-known source of greenhouse gases, recently told people in New Hampshire that “I think there are a substantial number of scientists who have manipulated data so that they will have dollars rolling into their projects. I think we’re seeing it almost weekly or even daily, scientists who are coming forward and questioning the original idea that man-made global warming is what is causing the climate to change.” Call me crazy, but Perry sounds. . . well, crazy. Politifact looked into it and called his statement False. That’s putting it nicely. Perry was probably obliquely referring to the non-scandal known as Climategate, the only real scandal of which was that several scientists had their private emails hacked and published. Despite looking for problems with the scientists’ actual work reviews by several major agencies have cleared the scientists, including yet another one, today, from the National Science Foundation.
So, it’s hot. Those of us with functioning brains can understand why it’s hot, and getting hotter. So what do we do about it?
The first and most obvious step is energy efficiency. If we’re going to be demanding more cooling, rather than pumping out more pollution, let’s use that energy as efficiently as we can by sealing leaks in our homes, offices, etc. Let’s use more efficient lighting and appliances, all of which help keep our energy bills low. Let’s look at harnessing the power of that big hot Texas sun to do more than just melt our snowcones. Let’s look at our energy policy holistically so that we can come up with cheaper, cleaner, cooler solutions to our energy needs.
Look for a solution at Sauer Energy's Wind Charger
August 23, 2011 by Andy Wilson
Austin’s temps will soar back into the 100′s for our 69th day this year of over 100 degrees. This will break a record that has stood since 1925 for the most days over 100 degrees, as we begin another round of heat advisories lasting through the weekend of 100+ degree weather. Since we’re going to not just be breaking the record, but adding several more days onto it (to a total of at least 73 or 74- assuming this is the last hot pattern we have in the next month), we may want to ask ourselves what is going on?
Well, we are faced with a La Nina weather pattern, bringing hot, dry weather to the Lonestar state. La Ninas have happened before and they’ll happen again- as evidence by the 86 year old record og 68 days of 100+ heat. For it to be hot in Texas in the summer is normal, but it’s not normal for it to be this hot for this many days.
Which brings us to climate change. Scientists theorizing about climate change decades ago predicted exactly what we are seeing now: slight upticks in temperature giving us more slightly hotter days. So, a day that would normally be 98 or 99 is now 101 or 102 due to the radiative forcings of the greenhouse gases in our atmosphere. Or, like this informative video from Futurama explains it:
Things are even getting so bad that they’re delaying Texas football games by an hour to let the temperatures cool off. So, as unprecedented as these individual points are, they don’t necessarily individually indicate a pattern of warming. However, when you consider that in 2009 we were also in danger of breaking the 1925 record, and 2008 was also an unseasonably hot year, the fact that climate is getting hotter is in no doubt.
truth o meter rick perry false climate change
Meanwhile, there are a lot of folks wasting their time debating the science of climate change. Our Texas governor, Rick Perry, himself a well-known source of greenhouse gases, recently told people in New Hampshire that “I think there are a substantial number of scientists who have manipulated data so that they will have dollars rolling into their projects. I think we’re seeing it almost weekly or even daily, scientists who are coming forward and questioning the original idea that man-made global warming is what is causing the climate to change.” Call me crazy, but Perry sounds. . . well, crazy. Politifact looked into it and called his statement False. That’s putting it nicely. Perry was probably obliquely referring to the non-scandal known as Climategate, the only real scandal of which was that several scientists had their private emails hacked and published. Despite looking for problems with the scientists’ actual work reviews by several major agencies have cleared the scientists, including yet another one, today, from the National Science Foundation.
So, it’s hot. Those of us with functioning brains can understand why it’s hot, and getting hotter. So what do we do about it?
The first and most obvious step is energy efficiency. If we’re going to be demanding more cooling, rather than pumping out more pollution, let’s use that energy as efficiently as we can by sealing leaks in our homes, offices, etc. Let’s use more efficient lighting and appliances, all of which help keep our energy bills low. Let’s look at harnessing the power of that big hot Texas sun to do more than just melt our snowcones. Let’s look at our energy policy holistically so that we can come up with cheaper, cleaner, cooler solutions to our energy needs.
Look for a solution at Sauer Energy's Wind Charger
Saturday, September 3, 2011
The Truth About “Regulatory Reform”
June 22, 2011 http://www.citizen.org
Public Citizen, 1600 20th Street,N.W.,Washington, D.C. 20008 (202)588-1000
Critics of regulation characterize the regulatory process as an opaque, anti-democratic exercise of power by unelected bureaucrats who are not beholden to the public. Nothing could be further from the truth.
The rulemaking process provides numerous opportunities for public input. The final implementation of a regulation is the result of a lengthy deliberation that includes numerous opportunities for public participation by all small businesses, private industries, state and local governments, and members of the public subject to the regulation.
Small businesses have multiple chances to influence regulations.
o The Regulatory Flexibility Act and the Small Business Regulatory Enforcement Fairness Act1 assure small business involvement at two stages of the regulatory process when regulations are proposed that would impact small business interests. Agencies must prepare an initial and final regulatory flexibility analysis which determines the number of smabusinesses affected, compliance requirements for them, and any alternatives to minimize economic
o Three agencies, Occupational Safety and Health Administration (OSHA), Environmental Protection Agency (EPA), and the Consumer Financial Protection Bureau (CFPB), must give small businesses a preview of new proposals and receive extensive feedback from small businesses by convening special panels before even giving notice to other affected groups and the broader public.
o
The Chief Counsel for Advocacy of the Small Business Administration is specifically designated to represent small business interests in the regulatory process by consulting and providing input to the Office of Management and Budget (OMB).3
Corporate Interests have unparalleled access to influence regulations. As part of the Cost-Benefit Analysis stage of the regulatory process, mandated by Executive Order 12,866,4 private
__________________________________________________________________________________
1 5 U.S.C. §§ 601‐612 (2011).
2 5 U.S.C. § 603(a)‐(c) (2011). 3 Id. regulations the OMB deems ‘major’. This analysis must quantify both the costs of implementing the regulation (including compliance costs for impacted entities) and the benefits that would accrue from the regulation. Then, OMB subjects this analysis to its own intensive review process including another layer of cost‐benefit analysis. Finally, OMB either approves the rule without changes, approves the rule contingent upon certain changes requested by OMB, or returns the rule to the issuing agency for reconsideration. Cost‐benefit analyses have been criticized for being unduly deferential to a riance costs while underestimating potential benefits.
regulation’s implementation and complh
http://www.progressivereform.org/costBenefit.cfm Executive Order 12,866 § 6(b)(4)(B). 44of a Key Public Safety Rule,” Public Citizen (April 2011) available at redirect.cfm?ID=3317
“Cranes and Derricks: The Prolonged Creation http://www.citizen.org/pressroom/pressroom.
4 H.R. 10 sponsored by Rep. Geoff Davis (R‐KY).
_________________________________________________________________________________
industry and affected stakeholders are often given a first chance to review and influence proposed rules in private meetings with the Office of Information and Regulatory Affairs staff at the OMB.5 These non-transparent meetings result in business interests having disproportionately greater access and ability to influence final rules compared to the general public.
Public comments are encouraged and highly valued. Once a proposed regulation is published, agencies encourage commenters to provide criticism and suggestions for improving the proposed regulation. The public comment period is a critical feature of the regulatory process that agencies take very seriously as an opportunity to benefit from the additional expertise that many members of the public possess. They thoroughly review all comments submitted to determine how best to improve the proposed regulation.
Incorporating public input is time-consuming. Agencies typically take care in soliciting, responding to, and incorporating public input, which unfortunately can result in long delays of much-needed public protections. For instance, the Cranes and Derricks Rule: It took a dozen years for the OSHA to finalize a non-controversial regulation that was badly-needed to prevent workers from the dangers posed by cranes at construction sites and actually solicited by industry. 6
Many recent “regulatory reform” proposals are misguided and dangerous. These reform proposals would place more burdens on resource-strapped agencies, in turn potentially dissuading agencies from undertaking implementation of essential regulations.
The REINS Act (H.R. 10/S 299) kills any final rule not explicitly approved by Congress and the president within 70 legislative days, no matter how important or uncontroversial the rule.7
Small business “regulatory reform” bills introduce judicial review earlier in the rulemaking process, require agencies to determine ‘indirect’ costs of proposed rules, and tie up resource-strapped agencies with periodic reviews of existing rules, all of which lead to more regulatory uncertainty.8
The Bottom Line: “regulatory reform” legislation would touch all agencies and would delay or kill even non-controversial protections.
We should not risk bringing public protections to a grinding halt when the current regulatory process offers abundant opportunities for public participation.
__________________________________________________________________________________
4 See S. Amdt. 390 sponsored by Sen. Snowe (R‐ME). 4 58 Fed. Reg. 51,735 ( Sept. 30, 1993). Executive Order 12,866 requires both the agency issuing the regulation, as well as the Office of Information and Regulatory Affairs (OIRA), located within the Office of Management and Budget (OMB), to conduct reviews of the proposed regulation. First, the issuing agency must conduct a Regulatory Impact Analysis for all regulations the OMB deems ‘major’. This analysis must quantify both the costs of implementing the regulation (including compliance costs for impacted entities) and the benefits that would accrue from the regulation. Then, OMB subjects this analysis to its own intensive review process including another layer of cost‐benefit analysis. Finally, OMB either approves the rule without changes, approves the rule contingent upon certain changes requested by OMB, or returns the rule to the issuing agency for reconsideration. Cost‐benefit analyses hferential to a regulation’s implementation and compliance costs while
ave been criticized for being unduly deu
nderestimating potential benefits. http://www.progressivereform.org/costBenefit.cfm Executive Order 12,866 § 6(b)(4)(B). 56of a Key Public Safety Rule,” Public Citizen (April 2011) available at ct.cfm?ID=3317
“Cranes and Derricks: The Prolonged Creation htp
t://www.citizen.org/pressroom/pressroomredire .
7 H.R. 10 sponsored by Rep. Geoff Davis (R‐KY). 8 See S. Amdt. 390 sponsored by Sen. Snowe (R‐ME).
Public Citizen, 1600 20th Street,N.W.,Washington, D.C. 20008 (202)588-1000
Critics of regulation characterize the regulatory process as an opaque, anti-democratic exercise of power by unelected bureaucrats who are not beholden to the public. Nothing could be further from the truth.
The rulemaking process provides numerous opportunities for public input. The final implementation of a regulation is the result of a lengthy deliberation that includes numerous opportunities for public participation by all small businesses, private industries, state and local governments, and members of the public subject to the regulation.
Small businesses have multiple chances to influence regulations.
o The Regulatory Flexibility Act and the Small Business Regulatory Enforcement Fairness Act1 assure small business involvement at two stages of the regulatory process when regulations are proposed that would impact small business interests. Agencies must prepare an initial and final regulatory flexibility analysis which determines the number of smabusinesses affected, compliance requirements for them, and any alternatives to minimize economic
o Three agencies, Occupational Safety and Health Administration (OSHA), Environmental Protection Agency (EPA), and the Consumer Financial Protection Bureau (CFPB), must give small businesses a preview of new proposals and receive extensive feedback from small businesses by convening special panels before even giving notice to other affected groups and the broader public.
o
The Chief Counsel for Advocacy of the Small Business Administration is specifically designated to represent small business interests in the regulatory process by consulting and providing input to the Office of Management and Budget (OMB).3
Corporate Interests have unparalleled access to influence regulations. As part of the Cost-Benefit Analysis stage of the regulatory process, mandated by Executive Order 12,866,4 private
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1 5 U.S.C. §§ 601‐612 (2011).
2 5 U.S.C. § 603(a)‐(c) (2011). 3 Id. regulations the OMB deems ‘major’. This analysis must quantify both the costs of implementing the regulation (including compliance costs for impacted entities) and the benefits that would accrue from the regulation. Then, OMB subjects this analysis to its own intensive review process including another layer of cost‐benefit analysis. Finally, OMB either approves the rule without changes, approves the rule contingent upon certain changes requested by OMB, or returns the rule to the issuing agency for reconsideration. Cost‐benefit analyses have been criticized for being unduly deferential to a riance costs while underestimating potential benefits.
regulation’s implementation and complh
http://www.progressivereform.org/costBenefit.cfm Executive Order 12,866 § 6(b)(4)(B). 44of a Key Public Safety Rule,” Public Citizen (April 2011) available at redirect.cfm?ID=3317
“Cranes and Derricks: The Prolonged Creation http://www.citizen.org/pressroom/pressroom.
4 H.R. 10 sponsored by Rep. Geoff Davis (R‐KY).
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industry and affected stakeholders are often given a first chance to review and influence proposed rules in private meetings with the Office of Information and Regulatory Affairs staff at the OMB.5 These non-transparent meetings result in business interests having disproportionately greater access and ability to influence final rules compared to the general public.
Public comments are encouraged and highly valued. Once a proposed regulation is published, agencies encourage commenters to provide criticism and suggestions for improving the proposed regulation. The public comment period is a critical feature of the regulatory process that agencies take very seriously as an opportunity to benefit from the additional expertise that many members of the public possess. They thoroughly review all comments submitted to determine how best to improve the proposed regulation.
Incorporating public input is time-consuming. Agencies typically take care in soliciting, responding to, and incorporating public input, which unfortunately can result in long delays of much-needed public protections. For instance, the Cranes and Derricks Rule: It took a dozen years for the OSHA to finalize a non-controversial regulation that was badly-needed to prevent workers from the dangers posed by cranes at construction sites and actually solicited by industry. 6
Many recent “regulatory reform” proposals are misguided and dangerous. These reform proposals would place more burdens on resource-strapped agencies, in turn potentially dissuading agencies from undertaking implementation of essential regulations.
The REINS Act (H.R. 10/S 299) kills any final rule not explicitly approved by Congress and the president within 70 legislative days, no matter how important or uncontroversial the rule.7
Small business “regulatory reform” bills introduce judicial review earlier in the rulemaking process, require agencies to determine ‘indirect’ costs of proposed rules, and tie up resource-strapped agencies with periodic reviews of existing rules, all of which lead to more regulatory uncertainty.8
The Bottom Line: “regulatory reform” legislation would touch all agencies and would delay or kill even non-controversial protections.
We should not risk bringing public protections to a grinding halt when the current regulatory process offers abundant opportunities for public participation.
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4 See S. Amdt. 390 sponsored by Sen. Snowe (R‐ME). 4 58 Fed. Reg. 51,735 ( Sept. 30, 1993). Executive Order 12,866 requires both the agency issuing the regulation, as well as the Office of Information and Regulatory Affairs (OIRA), located within the Office of Management and Budget (OMB), to conduct reviews of the proposed regulation. First, the issuing agency must conduct a Regulatory Impact Analysis for all regulations the OMB deems ‘major’. This analysis must quantify both the costs of implementing the regulation (including compliance costs for impacted entities) and the benefits that would accrue from the regulation. Then, OMB subjects this analysis to its own intensive review process including another layer of cost‐benefit analysis. Finally, OMB either approves the rule without changes, approves the rule contingent upon certain changes requested by OMB, or returns the rule to the issuing agency for reconsideration. Cost‐benefit analyses hferential to a regulation’s implementation and compliance costs while
ave been criticized for being unduly deu
nderestimating potential benefits. http://www.progressivereform.org/costBenefit.cfm Executive Order 12,866 § 6(b)(4)(B). 56of a Key Public Safety Rule,” Public Citizen (April 2011) available at ct.cfm?ID=3317
“Cranes and Derricks: The Prolonged Creation htp
t://www.citizen.org/pressroom/pressroomredire .
7 H.R. 10 sponsored by Rep. Geoff Davis (R‐KY). 8 See S. Amdt. 390 sponsored by Sen. Snowe (R‐ME).
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