Posted on 10/07/2008 5:18:04 AM PDT by tcostell
I have a friend who is a genuine legend in the currency trading business. He retired last year, but before that we worked closely together at one of the largest hedge funds in the world where he was a founding partner. We were talking about politics early in the 2008 presidential campaign and he said that while he preferred a Republican for the well being of the country, the mercenary side of him could be content if the Democrat was elected as well.
Hearing him say so really surprised me. My friend was a financial supporter of the “American Enterprise Institute” a well known conservative think tank in Washington DC, and his conservative credentials were absolutely unimpeachable. More than that, he was one of the most intelligent, introspective and generous people I knew; he was hardly the self absorbed “my ego is my whole world” type I’ve come to recognize as being typical of New York City liberals.
(Excerpt) Read more at freenj.blogspot.com ...
Let's say I'm NOT an investment genius?
How exactly do I make money during the Obama Mis-Administration?
A strategy like that would have worked fine with Carter.
Public records on individuals will become very important under a one-party state, as that one party decides how to dole out government services and other mercies to individuals.
>>> Let’s say I’m NOT an investment genius?
How exactly do I make money during the Obama Mis-Administration?
Oh that’s easy... you just avoid the additional expense by speculating against America. You use your wealth to leave the country or invest in foreign markets where capital gains taxes are half that of ours or are non-existent.
You put your money in futures markets that bank on failure instead of growth. In any major economic swing, the ability to identify who will win and who will lose becomes MUCH easier.
First, ask what BO will try to do. Then invest accordingly.
Will he spend wildly? Perhaps increase the deficit? That implies inflation and a decline in the dollar. How can you take advantage of that? Precious metals and mining companies might be a way, and likewise commodity oriented investments, such as ETFs. Raw land might be worth considering.
Perhaps he will bring in universal health care. There are stocks available in that investment sector.
Will he pursue alternative energy? Again, look for investments that focus on the area.
Volatility - the kind fostered by changes in spending priorities - are your friends.
One things for certain, you don’t want to be investing in the firearms industry. They will be shut down as fast as Obama’s little commie thugs can get their little jack boots on sight.
I think there is a lot of truth to this guy’s analysis. But somehow I still don’t find it consoling. Not at all.
In an Obambi administration, I see another FRD-LBJ type of leap into socialism that will NEVER be undone in our country.
And that’s just for starters.
So which South American countries, if any, do you recommend for patriotic U.S. citizens who may need a temporary break?
To tell you the truth, it didn’t make me feel much better either. But I tihnk it’s the final indication of maturity to be able to recognize wisdom when you hear it.
I’ve been “investing” as much money as I can afford in the firearms industry (accumulating hard assets you might say), for the last three years or so, in anticipation of a GWB/Republicrat implosion and the subsequent takeover of our government by hard-core leftists.
I believe that if Obama is elected, the face of this country will be changed forever.
With economies around the globe on the brink of some type of fundamental crisis, I see the overwhelming urge of an Obama administration to go European and systemically labor to create a strong one-world financial order. Now this may seem tinfoil hat thinking to some, but it is possible some major economies begin to seriously erode and thus a sense of panic develop, the urge will be strong to do things even more dramatic than we have just now witnessed.
Moreover, I do believe an Obama administration will purposely and near totally drain away our American global dominance. A Obama administration would, as he has already stated, unilaterally disarm us nuclearly. Obama will cut vast resources from defence to pay for things such as health care. Obama will terminate crucial and key defense projects, SDI among them.
Working more towards a united one world, look for an Obama administration to eagerly sign on to Kyoto type treatise. Look for an Obama administration to eagerly sign up for international carbon credits thereby shipping even more American wealth overseas. Look for and new domestic gas and oil exploration and production to be almost entirely eliminated, thereby increasing our foreign dependence. Look for socialization of all health care.
Yeah, some make make money, but at best it is a Faustian bargain.
>>>So which South American countries, if any, do you recommend for patriotic U.S. citizens who may need a temporary break?
Who said anything about being patriotic?
The “friend” in this article simply stated a fact...
The rich get richer, and the poor get poorer.
He made clear where his priorities lie.
Is that what patriotism really is? making the almighty buck? according to this “friend”, apparently it is.
However, he is right... Market forces truly TRUMP liberalism. Regardless of what happens in the election, life goes on. Eventually after much pain, conservatism will win in the end.
Now... if the “Rich” REALLY want to be “Patriotic”, let them try this idea on for size...
Instead of investing their wealth overseas to avoid the losses here, why not use their true power to unseat the socialists in our government NOW? Instead of re-investing their capital where the democrats in congress want it, why not simply speed up the process of CHOKING THEM OUT OF OFFICE? How???? simple... go on strike.
Instead of doing everything they can to expand their income generating capacity, what happens to the government if the rich instead do everything they can to limit their annual income to near povertly levels? If anyone can afford to do this, its the wealthy... Historically, the wealthy have always responded to increased taxes by taking their money out of American markets, but they also generally maintain a “patriotic” level of income here at home, and still end up paying their “fair share” for the re-distribution of wealth via our generous and caring government. Why? because they wish to maintain the appearance of being benevolent or “patriotic”. I would ask them to instead take a year long vacation, defer as much non-labor income into tax deferred securities as possible, and encourage others to do the same.
Let them show America who the REAL patriots are by ceasing to be “patriotic” for a little while, and join the ranks of America’s poor and middle class.
Maybe you friend should use some of his skills to master the actuarial tables.
Ruth Bader Ginsburg (age:75) and John Paul Stevens (age:88)will not outlast the 1st Obama term. It is also felt that
David Souter (age:69) will retire within the next 6 yrs.
Although not a candidate for retirement, Antonin Scalia is
72.
Here’s the kicker: Obama taught constitutional law & WOULD RELY ON HIS OWN CONSTITUTIONAL theories when selecting replacement nominees, according to his advisors.
As Marge Olmstead-Gunderson (”Fargo”) put it, “There’s more to life than a little money, you know,” “Don’t ya know that?”
This was already done by the bailout passed last week. There was a backdoor Kyoto, etc., on pp. 104-105 of the Bill they passed and Bush signed. You'll be seeing your electric bills increase soon as the cos. pass on the carbon credit taxes to consumers.
Whoa. I did not know that. Republicans (Bush admin.) get snookered again. What possibly could carbon credits have to do with an economic bailout? Our American birthright is being sold for a bowl of lentils.
Yesterday (I think—the days are oozing together these days) Trump was on Hannity and was very cagey on the question of, essentially, “how bad” Obambi would be in the White House.
Although Trump is a McCain supporter, this article got me thinking that he also sees a sort of opportunity-—an UNWELCOME opportunity, maybe, but opportunity nonetheless-—for those who have money to make even more money in a hapless Rat administration’s handling of a financial crisis.
Look at it this way: investors “win” when they are able to accurately predict the market and what the market will have to respond to. On that point, RATS ARE HIGHLY PREDICTABLE. They will try to tax and spend their way out of this mess. It will be very easy to know what moves they will make and what strategic behavior the market will engage in in response.
The rich get richer. Ironic, under all the circumstances.
We were sold out by both parties long ago. They are just closing the deal at this point.
You said it.
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