Search results

No.

Neither Obama nor Bush are to blame. The collapse of the US economy began in 1999 when Congress passed (overwhelmingly by Democrats and Republicans) the repeal of the Glass-Steagall Act that had separated traditional banking/lending activities from risky investment activities. On top of that...

Freedom.

A mortgage is an "enforced savings plan," especially if you finance for a reasonable period of time. We used a 15-year mortgage and now own our house free and clear.

My wife and I bought a home in 1992 in Southern California when real estate prices were at a low point. It turned out to be a good investment; not because I had any great foresight, but because we just happened to be in the right place at the right time. Our home is now worth 5x what we have...

Exactly. It's the same reason we're still in Afghanistan. If the Taliban overthrows the Pakistani government, Al Queda will have its hands on 40-50 nuclear weapons.

Your experience is very different from mine. It took me two years to reach consistent profitability. Over the 17+ years I've been trading, I've only met a few successful traders and they all said it took them a couple of years to get to consistent positive performance.

In 2008, 8% of all children born in the US were to delivered by mothers who were in the country illegally. Thirty years ago, that number was less than 1%. The purpose of the 14th Amendment to the Constitution (passed in 1868) was to guarantee rights of citizenship to freed slaves after the...

A thoroughly tested trading plan.

Fairtax is a great concept, but it doesn't seem to be able to get any traction. The organziation has been around since the late 1990's. I met one of the founders in 1999. They were well financed and very well organized. The guy I met thought they would have legislation through congress within...

Are successful people less entitled to keep their money than you are? Rates like 70% and 90% are not taxation. That is theft.

I agree. Van Tharp's book is a great place to start. He the covers all the bases and provides a solid foundation.

The math on this one is simple. In California there are 7 people looking for jobs for every available job opening. The national average is 4.5 people looking for jobs for every available job. It doesn't matter how much training you have, or how many resumes you send out, a lot of people will be...

Do you think your recent profits were just luck? Or do you have a fully-tested method that you can have confidence in? If your method isn't fully proven/tested, then you are going to be hestitant. If your method is proven profitable, then there's no reason not increase your trade size. Also...

I've lived in California for the last 30+ years and I've watched these problems develop over time: 1. The state of California has 12% of the nation's population and 32% of all the country's welfare cases because of the constantly increasing benefits offered over the years. 2. Illegal...

After WWII the US was the only major industrial power with a fully functioning manufacturing infrastructure. Germany, Japan, Russia, etc. were decimated. The US became the dominant manufacturer in the world. Manufacturing created millions of low-skill good-paying jobs for about 20 years, and...

Exactly right. The US was an economic powerhouse after WWII because we had the only major industrial infrastructure that wasn't destroyed in the war. It took 10 years for other countries to get back in the game, and another ten years to completely catch up.

I've lived in California for the last 30+ years and I've watched these problems develop over time: 1. The state of California has 12% of the nation's population and 32% of all the country's welfare cases because of the constantly increasing benefits offered over the years. 2. Illegal...

1. The the MinuteMen are NOT anti-immigrant. They are anti-ILLEGAL immigrant. One of my neighbors is a member and I have had this discussion with him on several occasions. His wife is an immigrant who came to this country legally. My wife also came here legally from another country. It is...

If the alleged perpetrators had been white guys wearing KKK robes would the case have been dropped? Just asking.