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Wednesday, February 29, 2012

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Thursday, February 16, 2012

If history doesn’t repeat, but rather rhymes, as Mark Twain said... then we recognize some doggerel this morning in the latest news from the Persian Gulf.

“Iran has been systematically plundering large amounts of oil from southern Iraq for years,” according to a UPI story that cites a report from Stratfor, the U.S.-based private intelligence outfit.

Through a “complex oil smuggling network,” the Islamic Republic is able to pull in $20 million per day in oil revenue that short-circuits Western sanctions, the report claims.

If there’s something about this that sounds familiar, recall one of Saddam Hussein’s justifications for Iraq’s invasion of Kuwait in 1990 was Kuwait was stealing Iraq’s oil. The Kuwaitis, he said, resorted to “slant drilling,” whereby its wells entered the earth on Kuwaiti territory, but crossed the border underground.

“There’s an element of Iraqi propaganda here,” observes our Byron King — who takes note of every development that hinges on his New War scenario — “but I don’t doubt that Iran is somehow sucking Iraqi oil into is pipeline system.”

“I just saw another report,” says Vancouver favorite Doug Casey, “proclaiming that Iran is likely to attack the U.S., which is about as absurd as the allegations Bush made about Iraq bombing the U.S., when he fomented that invasion.”

Hmmm... Another rhyme.

“It’s starting to look rather serious at this point,” Mr. Casey continues, “so I do think the odds favor actual fighting in the not-too-distant future. We’re dealing with criminal personalities on both sides, and criminals are basically very stupid — meaning they have an unwitting tendency to self-destruction.”

Doug’s investment guidance for this scenario is similar to his guidance for other man-made disasters: gold and silver to safeguard your wealth, gold stocks if you’re feeling speculative. “And diversify your holdings internationally. You can never tell when the government of your home country will have a psychotic break.”

Aside from spelling out a war scenario, Byron King’s New War report also presents an investment strategy to help you protect and grow your portfolio during the tumult — starting with three market moves you can make right away. Here’s where to get started.

Wednesday, February 8, 2012

How to Get Rich in 2012 Starting with Zero Cash

How to Get Rich in 2012

There's a practically 'forbidden' investment that could make you a boatload of cash in the coming year. In fact, it's not uncommon to see triple-digit gains in a single day with these investments. Yet few people know how to access them or that they even exist. Although this opportunity isn't for everyone – those who take advantage of it could make an absolute killing in 2012.

Click here to watch this 'how to' video
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It's Not Too Late to Get Into This Huge 2012 Trade in Resource Stocks

By Matt Badiali, editor, S&A Resource Report
Wednesday, February 8, 2012
It's not too late… but if you want to get on-board one of biggest money-making trades of 2012, you need to act soon.

If you don't take action, you could miss out on 50%-100% gains this year.

Over the past three months or so, my colleague Steve Sjuggerud and I have been writing about the "bad to less bad" opportunity setting up in natural resource stocks… the companies that mine things like copper, fertilizer, gold, silver, coal, and iron ore.

Regular DailyWealth readers know this sector of the market is capable of experiencing huge booms and busts. Stay out of the busts, get in early on the booms, and you can easily make 50%-100% in a year with these companies.

As I highlighted last month, resource stocks busted in 2011. They had enjoyed a big run higher in 2010. But when folks got scared of holding stocks and commodities last year (due to fears of the European debt crisis and the ripple effects it would have on the rest of the world), they dumped resource stocks… Major "trophy" stocks like Freeport-McMoRan (copper) and Vale (iron ore) lost 30%-50% of their values in just months. Smaller resource stocks lost even more.

As Steve and I expected, resource stocks have put in a bottom… and have staged a big rally. For example, Freeport is up 26% since Steve ran this essay.


While resource stocks are likely to take a short-term breather after this big surge, there's good reason to expect them to keep rising over the course of 2012.

As my colleague Porter Stansberry recently noted, Europe is now printing money in order to stave off its debt crisis. The U.S. Federal Reserve has an ultra-stimulative interest rate policy in place right now. These efforts should "goose" the economy… which will drive up the prices of natural resources. That's a big tailwind for companies like Freeport.

Since Freeport and its sector colleagues have climbed so much in such a short time, it's only reasonable to expect a small correction. That's just how the market works. When that correction arrives, use it as a buying opportunity… and let the coming natural resource "boom" do the rest.

Good investing,

Matt Badiali
Further Reading:

In addition to Freeport and Vale, Matt believes two other resource stocks are headed higher. "These are among the world's greatest 'boom and bust' sectors," he writes. And shares "have the potential to rally 50% or 100% in the coming year." Read more here: How to Risk a Little and Potentially Win A LOT in the Reso
urce Market.

Thursday, February 2, 2012

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Friday, January 27, 2012

Gingrich under fire from conservative media

by Beth Fouhy
NEW YORK — Forget the so-called liberal media. Right now Newt Gingrich's most ardent critics are conservative pundits and columnists, many of whom have launched aggressive campaigns to discredit him and trip up his run for the Republican nomination.
This crew has largely been lukewarm about Gingrich's chief rival, Mitt Romney, considering him too moderate. But their open criticism of Gingrich is evidence that for all their misgivings about the former Massachusetts governor, they see him as a much stronger contender against President Barack Obama.
To hear columnists Ann Coulter and Charles Krauthammer and the conservative media aggregator Matt Drudge tell it, Gingrich is an inconsistent conservative who didn't fully support President Ronald Reagan and whose undisciplined nature mirrored that of President Bill Clinton, who was Gingrich's Democratic adversary in the 1990s.
The conservative media hits against Gingrich have come with force just as the GOP establishment seems to be rallying around Romney in earnest, perhaps out of fear that Gingrich may end up winning the nomination.
On Thursday, Romney's campaign released a scathing open letter from the 1996 Republican presidential nominee, Bob Dole, who served as Senate Republican leader when Gingrich presided over the House. In the letter, Dole glowingly endorses Romney and repudiates Gingrich.
"If Gingrich is the nominee it will have an adverse impact on Republican candidates running for county, state, and federal offices," Dole wrote. "Hardly anyone who served with Newt in Congress has endorsed him and that fact speaks for itself. He was a one-man-band who rarely took advice. It was his way or the highway."
Jacob Heilbrunn, in the conservative-leaning magazine The National Interest, mused that Gingrich "is essentially bragging that his prime credential to become president is that he's willing to debate for hours and bring a knuckle-duster. This is evidence of his sober judgment? This is supposed to induce swing voters to back him?"
Conservative radio titan Rush Limbaugh also weighed in, seemingly to defend Gingrich from some of the attacks. But, in doing so, he also vividly outlined many of the critiques against Gingrich from other conservatives.
Conservatives "are raising questions here about Newt and his mendacity, his forthrightness — it's incredible," Limbaugh marveled on his show Thursday.
Gingrich stormed to a decisive win over Romney in the South Carolina primary last week fueled in part by two well-timed attacks on the news media. Both came during nationally televised debates, guaranteeing maximum exposure.
In a CNN debate, Gingrich pushed back at anchor John King when King questioned him about an interview Gingrich's second wife, Marianne, had given ABC News. In the interview, Marianne Gingrich suggested her husband had asked her for an open marriage so he could carry on with a mistress, Callista Bisek, now his third wife.
"I think the destructive, vicious, negative nature of much of the news media makes it harder to govern this country, harder to attract decent people to run for public office. And I am appalled that you would begin a presidential debate on a topic like that," Gingrich said. "I am tired of the elite media protecting Barack Obama by attacking Republicans."
The audience rose in a standing ovation.
Gingrich also told King that his campaign had given ABC News the names of friends who would vouch for him but that the network had rejected the offer. On Wednesday, a Gingrich spokesman acknowledged that the claim was a mistake and that the campaign had offered only Gingrich's two adult daughters to defend him.
Gingrich drew raves at another Fox News debate before the South Carolina primary when asked about his oft-stated assertion that Obama is a "food stamp president." He angrily denied the statement had anything to do with race.
Mark Jurkowitz of the Pew Center for Excellence in Journalism said Gingrich had tapped into longstanding resentment of many conservatives against mainstream news outlets.
"Running against the elite media — we've seen now for a good 30 years — certainly has resonance among Republican base voters. In conservative circles, there's been the perception that the media are tilted against them," Jurkowitz said.
Brent Bozell, founder of the conservative Media Research Center, announced Thursday that his group was set to spend $5 million on an advertising campaign to expose media bias in the 2012 election.
"You have a left-leaning media that's out of control. You've got to corral them," Bozell said in a news briefing, promising radio ads, billboards and an "unprecedented" effort in social media outlets like Twitter and Facebook.
Gingrich, for his part, promised in his South Carolina victory speech to keep up his attacks on the media. But the hits he took this week while campaigning in Florida came from other conservatives.
By Thursday, Gingrich was disparaging the Commission on Presidential Debates, suggesting he might not participate in debates the commission organizes if he becomes the Republican nominee.
"We've had enough of newsmen deciding what the topics would be," Gingrich told supporters in Jacksonville, many of whom waved "Don't Believe the Liberal Media" signs.
Later, Gingrich was asked about the attacks from conservative pundits, particularly from the American Spectator's Emmett Tyrell, who wrote that Gingrich has had "private encounters with the fair sex that doubtless will come out."
Gingrich tried to turn such criticisms to his advantage, suggesting they represent "establishment" thinking.
"Tyrrell has to write whatever Tyrrell wants to write," Gingrich said. "There's the Washington establishment sitting around in a frenzy, having coffee, lunch and cocktail hour talking about, `How do we stop Gingrich?'"
While Gingrich relishes bashing the media "elite" in public, he is friendly with the reporters who cover his campaign and makes himself available for media questions daily on the campaign trail. He seems to relish the back-and-forth with journalists, sometimes labeling questions he dislikes "bizarre."
At a campaign stop in South Carolina, he wished a reporter covering his campaign a happy birthday, and he typically stops by to chat with reporters at dinner after a day of campaigning.
___
Associated Press writers Brian Bakst in Jacksonville, Fla., and Shannon McCaffrey in Atlanta contributed to this report.
___
Follow Beth Fouhy on Twitter at http://www.twitter.com/bfouhy

Wednesday, January 25, 2012

Tell Congress: Only people are people. End Citizens United Supreme Court Decision

Tell Congress: Only people are people.

We deserve a country where our elected officials are not bought and paid for by big corporations.
But the Citizens United vs. FEC Supreme Court decision overturned over a century of precedent and opened the floodgates for unlimited amounts of corporate money to flow into our political system.
Shockingly, the court came to this decision based on the notion that a corporation is legally a "person" entitled to First Amendment rights, and by equating a corporation's right to spend unlimited amounts of money influencing an election with our right to free speech.
Tell your senators and member of Congress to support a constitutional amendment to overturn Citizens United and end corporate personhood.
Even before the Citizens United decision, we too often saw the interests of Main Street subverted in favor of the interests of Wall Street.
But with the Citizens United decision now the law of the land, large corporations have the power to spend unlimited amounts of money from their general treasuries to buy elections.
To put things in perspective, the roughly $745 million Barack Obama raised to run for President in the 2008 election cycle (which was the most money raised by any candidate ever to run for office in the U.S.) is dwarfed by the $45 billion in profits a single company (ExxonMobil) made in 2008.
What's more, Citizen United opened loopholes that allow corporations to hide their campaign expenditures by laundering the money through non-profit advocacy organizations.
Tell your senators and member of Congress to support a constitutional amendment to overturn Citizens United and end corporate personhood.
Unfortunately, because Congress cannot pass a law that supersedes a Supreme Court ruling, it may take a constitutional amendment to undo the worst aspects of the Citizens United decision and end corporate personhood.
Clearly, the bar to successfully amending the Constitution is very high. But with 85% of the public opposed to the Citizens United decision, there is a potential for a broad coalition of Democrats, Republicans and Independents who all want to restore our democracy.
And let's remember, the stakes are too high to allow inaction on this issue. It's no exaggeration to say that the Citizens United decision fundamentally threatens the integrity of our democracy.
We need a government of, for and by the people. And sadly, we might need to work really hard to re-establish the common sense and democratic view that only people are people, not corporations.
Your senators and member of Congress need to hear from you, regardless of where they stand on this issue. We need to show them that their constituents are part of a broad movement demanding action -- not only to convince them that overturning Citizens United is the right thing to do, but also that it's possible.
Today, take a step to be part of that movement.
Tell your senators and member of Congress to support a constitutional amendment to overturn Citizens United and end corporate personhood.