"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Saturday, May 31, 2008

Bar Talk

I was in a bar/rib joint last night drinking some hoppy ale and catching up with a buddy. Topics of discussion were:

  • Red Sox, Pats, Bruins/Rangers & Celtics
  • Guitar scales (major, minor & blues)
  • John Hussman and his dumping of precious metals stocks
  • The rotten, rigged way in which Wall St., enabled by a [choose one or more: passive, stupid, corrupt] government is bankrupting the average American and destroying the middle class.
  • Politics; my friend is psyched about the McClellan book trashing the Bush administration after its unconstitutional war and Wall St. friendly (public unfriendly) policies.

In the political discussion during which I probably got a bit loud and animated talking about the economic disaster in progress - it happens - I mentioned Ron Paul. Two other guys at the bar chimed in asking the typical "who do you like, Obama, Hillary or McCain?" and I said "none of 'em" because I am not a socialist or communist. Nor do I favor meddling in foreign lands without clear and present reason/danger. I again brought up Ron Paul, who everybody seems to like the idea of, but the overriding theme was not the typical "I don't want to throw my vote away" you get from most people. It was - and I agree - we are no longer a constitutional republic and it would be difficult to go back. How do you stuff that genie back in the bottle?

I will vote for Ron Paul. I wrote him in in 2004. To me, economics is by far our most important issue going forward and he is not only the only one with a clue, he is straight out of Mises & Rothbard. He is an ideal. It will be a protest vote as usual.

Whatever, it was just bar talk. I had a good time.

Edit (1:14) My learned pal Otto sent me mail. On bullet #4 above he chose 'stupid'. I am inclined to agree with that answer. Government... a big, dumb bastard that can't get out of its own way.