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  • #502,961
  • Jul 28, 2011 10:27pm Jul 28, 2011 10:27pm
Quoting attila
There was a discussion on a different board about creating our own country. It's not that difficult as it may sound. Just have to find a place... LOL.
That would leave me with only 1 issue...

"I DON'T WANT TO BELONG TO ANY CLUB THAT WILL ACCEPT PEOPLE LIKE ME AS A MEMBER".

-GM
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #502,962
  • Jul 28, 2011 10:30pm Jul 28, 2011 10:30pm
Quoting attila
There was a discussion on a different board about creating our own country. It's not that difficult as it may sound. Just have to find a place... LOL.
Cool country of traders ! We will make all the money,lol
  • #502,963
  • Jul 28, 2011 10:31pm Jul 28, 2011 10:31pm
Quoting Magix
That would leave me with only 1 issue...

"I DON'T WANT TO BELONG TO ANY CLUB THAT WILL ACCEPT PEOPLE LIKE ME AS A MEMBER".

-GM
THAT is ONE messed up catch 22 you've got there. LOL.
  • #502,964
  • Jul 28, 2011 10:32pm Jul 28, 2011 10:32pm
Quoting sofia101
Then again maybe this is right ,every country deserve who they elect, unfortunately
Well, the problem is we are forced to vote for 1 of 2 people...which ultimately is the same person.....nothing better at calming the masses by the illusion of choice
  • #502,965
  • Jul 28, 2011 10:33pm Jul 28, 2011 10:33pm
morning...
Look Sharp/Trade Tight
  • #502,966
  • Jul 28, 2011 10:34pm Jul 28, 2011 10:34pm
Quoting Traderji
Its just amazing to the watch the stupidity of the Republicans. Recently they demanded $16million cut from the FAA and held up passing the FAA budget which caused a shutdown of the FAA. This is costing the FAA $25million per day in lost fees from airlines.

By now the lost $$$ is 21 times the amount that republicans/tea party wanted in budget cuts.

It just boggles the mind that the affluent white people hate Obama so much that they voted in the Tea party morons.
Tradrji,

you should understand of what you speak before you start to spout. First, the fees are not lost, they are uncollected "excise taxes." The money that would have paid these taxes is either still in the accounts of passengers not charged them or in the accounts of the airlines who raised fares to make up the difference. Either one of these will make more productive use of the money than the government. Secondly, the excise taxes pay into the Airport and Airway Trust Fund , which has a surplus, just like Social Security has a surplus. Third, the FAA is not a business, it is not a for profit organization so the FAA does not have "lost fees." They have a funding problem because the Congress which has the constitutional responsibility to set their funding, has not yet decided at what level to fund them. Finally while I don't subscibe to the pure libertarian doctrine that we do not need government agencies like the FAA, the FAA has a confused mandate and is in serious need of some reorganization. You see, the FAA is charged with both promoting air commerce and ensuring aviation safety.
  • #502,967
  • Jul 28, 2011 10:34pm Jul 28, 2011 10:34pm
Quoting needpips
Well, the problem is we are forced to vote for 1 of 2 people...which ultimately is the same person.....nothing better at calming the masses by the illusion of choice
The problem is that most of the people don't even know whats going on ,a lot of people don't read ,they watch local news ,and believe everything they see on TV
  • #502,968
  • Jul 28, 2011 10:35pm Jul 28, 2011 10:35pm
That hourly chart looks mixed up and confused lol. I shorted the high with a tight stop, but don't really know the direction atm.
  • #502,969
  • Jul 28, 2011 10:39pm Jul 28, 2011 10:39pm
So the SPoo hits the fan, and the EUR puts on 40 pips because the Whip didn't order enough pizzas to get the votes needed to pass a bill that has been pronounced Dead on Arrival in the Senate.

I was pretty sure that the markets had factored all these theatrics in, and was ready to go back in the market. Now I realize my folly: it's the market corollary of the doctrine that you can never underestimate the level of reason and intelligence of the American public. Same goes for the market.

I'm through for tonight. I bought The Usual Suspects today. "The greatest trick the devil ever pulled was convincing the world he doesn't exist."

One of the greatest movies of all time, IMO.
  • #502,970
  • Jul 28, 2011 10:40pm Jul 28, 2011 10:40pm
Quoting sofia101
The problem is that most of the people don't even know whats going on ,a lot of people don't read ,they watch local news ,and believe everything they see on TV
Well, here's an easy solution. You don't pay taxes, you don't get to vote, if you know what I mean...
  • #502,971
  • Jul 28, 2011 10:42pm Jul 28, 2011 10:42pm
Quoting attila
Well, here's an easy solution. You don't pay taxes, you don't get to vote, if you know what I mean...
I know and totally agree
  • #502,972
  • Jul 28, 2011 10:53pm Jul 28, 2011 10:53pm
watching 47.6 on the hour...
Look Sharp/Trade Tight
  • #502,973
  • Jul 28, 2011 10:56pm Jul 28, 2011 10:56pm
My 4370 from this morning was done pretty much.. We are retracing here with a possible bottom around 4325 or so and then we might go back up to 70 just to make sure lol. h4 is turning positive and so 4400 is possible. I think we're going to stay on the long side for a while.
  • #502,974
  • Jul 28, 2011 10:58pm Jul 28, 2011 10:58pm
So what's the consensus? Does EUR/USD go up or down from here? If the ES is tanking, wouldn't that mean we are in a risk-off environment? Usually, this causes people to transfer their money into the safe-haven dollar, but it's so confusing now with all the US debt problems. There is no clear cut way to trade. What do you guys think? I'm short the EUR/USD.
  • #502,975
  • Jul 28, 2011 11:01pm Jul 28, 2011 11:01pm
Quoting attila
Smart people don't run for office. Just look at the faces of our elected officials... I rest my case.

Whatever you think Ron Paul is one of the only ones I'm listening to (yeah, I'm a hard core capitalist/libertarian so I may have a little bias) and he said very simply:"We are bankrupt and nobody wants to admit it."

The funny thing about Mr Ron Paul. This anti-big government libertarian has had more federal government money pumped into his district than ever before. Federal spending in his district has quadrupled since 1999, making it one of the highest per-capita federal spenders in the country.

Nearly $4 billion worth federal government funds have been distributed. He was one of the only four republicans to requests earmarks last year.

The hypocrisy is stunning. Do as I say not as I do.
We're all stories in the end. Just try to make it a good one.
  • #502,976
  • Jul 28, 2011 11:02pm Jul 28, 2011 11:02pm
Short EUR/USD... to many problems in Europe and a strong EUR will make things worse ...the German export machine will break down
  • #502,977
  • Jul 28, 2011 11:03pm Jul 28, 2011 11:03pm
Quoting attila
My 4370 from this morning was done pretty much.. We are retracing here with a possible bottom around 4325 or so and then we might go back up to 70 just to make sure lol. h4 is turning positive and so 4400 is possible. I think we're going to stay on the long side for a while.
yes, agreed
  • #502,978
  • Jul 28, 2011 11:03pm Jul 28, 2011 11:03pm
Quoting Traderji
The funny thing about Mr Ron Paul. This anti-big government libertarian has had more federal government money pumped into his district than ever before. Federal spending in his district has quadrupled since 1999, making it one of the highest per-capita federal spenders in the country.

Nearly $4 billion worth federal government funds have been distributed. He was one of the only four republicans to requests earmarks last year.

The hypocrisy is stunning. Do as I say not as I do.
I didn't know. I'll look into it. I agree with the hypocrisy of our dear leaders. It is sickening indeed.
  • #502,979
  • Jul 28, 2011 11:06pm Jul 28, 2011 11:06pm
Quoting EuroTrader
Short EUR/USD... to many problems in Europe and a strong EUR will make things worse ...the German export machine will break down
but the current dollar weekness and lack of debt cieling decision will make for some long short term trades
  • #502,980
  • Jul 28, 2011 11:08pm Jul 28, 2011 11:08pm
The idea to change the usd as reserve currency is like you want to change the water with something else.

You can try to change it with alcohol, but in the long run doesn't work
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