ES Trading

This is a discussion on ES Trading within the Trading Journals forums, part of the Reception category; It comes as no surprise that President François Hollande and President Obama are now best friends. There is an election ...

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Old May 21, 2012, 8:38am   #57
 
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Re: ES Trading

new_trader started this thread It comes as no surprise that President François Hollande and President Obama are now best friends. There is an election coming up and Obama is desperate to win with his socialist policies and rhetoric. Expect more of it.

Nothing is more calculated to make a demagogue popular than a constantly reiterated demand for heavy taxes on the rich. Capital levies and high income taxes on the larger incomes are extraordinarily popular with the masses, who do not have to pay them.
-Ludwig von Mises







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Old May 22, 2012, 4:25pm   #58
 
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new_trader started this thread Insanity: Doing the same thing over and over again and expecting different results.
-Albert Einstein

BBC News - IMF tells UK to consider rate cut to boost growth

"The International Monetary Fund (IMF) has said the UK's continuing economic weakness means authorities should consider more quantitative easing (QE) and even cutting interest rates."


INSANE IMBECILES!
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Old Jun 7, 2012, 10:00am   #59
 
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new_trader started this thread Swivel on this king moron Paul "Print Money" Krugman...you and your idiotic Keynesian policies...all you keep doing is prolong the inevitable and make it worse.

Estonia Uses the Euro, and the Economy is Booming


"Estonia is the only euro-zone country with a budget surplus. National debt is just 6 percent of GDP, compared to 81 percent in virtuous Germany, or 165 percent in Greece."

"Estonia’s achievement is all the more remarkable when you consider that it was one of the countries hardest hit by the global financial crisis."

"How did they bounce back? “I can answer in one word: austerity."

"After three years of painful government belt-tightening, that’s not exactly the message that Europeans further south want to hear."
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Old Jun 14, 2012, 2:56pm   #60
 
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new_trader started this thread An excellent video where Tony Robbins uses using simple arithmetic to explain the problem with big Government...even a brain dead socialist should understand it!

Enjoy!

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Old Jun 14, 2012, 3:33pm   #61
 
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new_trader started this thread Nigel Farage highlights the insanity of Keynesian economics...This is what you get when Central Planners think they know better than the free market.




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Old Jun 15, 2012, 8:14am   #62
 
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new_trader started this thread Booming Sweden’s Free-Market Solution

Booming Sweden

"After the Keynesian financial and monetary stimulus in the 1970s and ’80s, which led to inflation, repeated devaluations and low growth, Swedes believe in fiscal discipline. They are scared of huge national debt and budget deficits -- especially at the levels they are in the U.S."


There is a supposedly intelligent member of this forum who has been using Sweden as an example of how a Central Bank manipulating the money supply is a massive advantage. ...Idiot!
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Old Jun 15, 2012, 2:42pm   #63
 
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new_trader started this thread The U.K Government and Central Bank have created a 'Pringles' economy where "Once you pop, you can't stop". Just like I said here:

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Originally Posted by new_trader View Post
If gold gets as low as $1000/oz I will be buying it with both hands, but I don't think the market will be that generous. I am absolutely certain that Governments around the world are going to have another massive round of Central planning. Phoney economies like those of the US and UK can't survive without it now...too many people living off the Government tit.

UK fights euro zone threat with $155 billion credit boost

UK fights euro zone threat with $155 billion credit boost | Reuters

These imbeciles think that taking money from taxpayers and giving it to banks so that they can lend it back to the taxpayers they stole it from in the first place will create growth. Talk about insanity.

REAL SAVINGS grows the economy, NOT DEBT.

The very wise and prescient Ludwig von Mises wrote more than 50 years ago:

Inflation and credit expansion, the preferred methods of present day government openhandedness, do not add anything to the amount of resources available. They make some people more prosperous, but only to the extent that they make others poorer.
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