Jefferson Was a Ponzi Schemer

Commentary: I have much to comment on and share, as I think we are at a pivotal point in the market and the world. As not much is truly 'in order", neither are my first stream of consciousness trader thoughts to you: We are becoming manics. The input is overwhelming us. The url link is a long and scholarly article that I will not decipher for you; I believe it important you find your own conclusions. MAGAZINE | August 21, 2011 Do You Suffer From Decision Fatigue? By JOHN TIERNEY The very act of making decisions depletes our ability to make them well. So how do we navigate a world of endless choice? Copyright 2011 The New York Times Company | Privacy Policy Each week another trigger catapults us directionally, but with such a magnetic changing bias the argument for more downside becomes clear to the doomsday's, and the bulls continue to think we have one of the best equity buying times since World War II and that equities will outpace bonds in a growth period, long lasting enough just to make everyone think it is all fine. And then a massive market crash. That's one theory. But another theory, which I've heard ad nauseum from many of you is the USD had become powerless under Obama and the USD had become worthless. During which time I tried to teach: a. No currency is real or lasting, any valuation of emotion can change. The USD did not demise under Obama, Bush had done a fine job destroying the dollar earlier, and it's part of our economic crisis. And, to the doomsayers sharing with me there would be one world currency (there might be, and the Euro may fall), and the USD would not be it !!!!, well, okay, it doesn't really matter, but the USD is at all time highs. All the dooms day false facts I have heard thrown, may I throw right back. Our worthless dollar is the most valued of instruments. Question Authority. b. The USD is only a derivative instrument and the value of any "paper currency", product, or "gold", is really just what the public will pay for it. c. It is meaningless, unless a derivative trader, to even care what currency leads, as long as one knows which will lead. We care about valuations and our ability to buy, spend, and borrow, NOT about who is the most powerful (Russia). ___________ I constantly refer to false facts. As you review the Dow projections above here's a fact that will help us understand what I call "illogical logic". in 2008 the Dow lost 504 points before the Triple witching of that week. Now 500 points seems nothing; but make note Friday is triple witching expiry Everyone loves Thomas Jefferson, the great statesman. Please do your history to learn the real facts, but : "banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling on a larger scale. Jefferson began banking in the U.S. and was a Ponzi schemer. Check the facts. Not the glorified history books.