Trade With Dave

President Obama gives yet another exclusive interview to the folks at General Electric/NBC.  Interestingly he discusses his personal faith and birth certificate.  There are two things the president and I agree on entirely.  First of all he says his “money is on the American people” and secondly he says “the facts are the facts.”  What I don’t understand is why he keeps discussing the eligibility issue if it is clearly resolved.  Am I missing something?  You can fast forward to the 4 minute mark on the interview.

Visit msnbc.com for breaking news, world news, and news about the economy

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Here’s a transcript Housing and Urban Development’s Shaun Donovan explaining two new “tools” that will be introduced between now and the mid-term elections.

“One is we’re going to be rolling out an FHA refinancing effort to help borrowers who are under water in their homes get above
water. And, second, we’re launching an emergency homeowners’ loan program for unemployed borrowers to be able to stay in their homes.”

“And look, the issue here is families can choose homeownership. They ought to be able to choose homeownership. But, if they do so, they ought to get it with a safe mortgage loan that will keep them in that home long term.”

Here’s a link to the entire transcript of the interview with CNN’s Candy Crowley on her show called State of the Union. http://thepage.time.com/transcript-shaun-donovan-on-state-of-the-union/

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That’s a lot of jet fuel.  $2 billion to be exact.  It makes you wonder what Israel will need with all that gas.  Here’s a link to the Department of Defense website on the August 5th, 2010 fuel purchase plans.

http://www.dsca.mil/PressReleases/36-b/2010/Israel_10-41.pdf

Here’s a link to a Reuter’s report on Iran’s weapons grade enriched uranium: http://www.reuters.com/article/idUSTRE67P20L20100826

Here’s a White House comment on how “long a year is” before Iran has nuclear weapons capability: 

“We think that they have roughly a year dash time,” said Gary Samore, President Barack Obama’s top adviser on nuclear issues, referring to how long it would take the Iranians to convert nuclear material into a working weapon. “A year is a very long period of time.”  Here’s a link to the story: http://www.theglobeandmail.com/news/world/africa-mideast/irans-nuclear-threat-not-imminent-us-says/article1679399/

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That stubborn United States Constitution has been really making it difficult to find a political solution to our economic problems.  One easy way out of the corner is to transform national economic issues into national security issues.  How exactly might such an idea be carried out?  Here’s six easy steps to transforming our great republic from the United States of America into “America – a United State”.

Step One:  Have the Chairman of the Joint Chiefs, the top military commander in the U.S. claim that economics is the single biggest threat to our security.  Here’s a Department of Defense link to his speech claiming just that last week in Detroit.  National Debt Poses Security Threat – Mullen Says  http://www.defense.gov/news/newsarticle.aspx?id=60621.

Step Two:  Encourage the Chairman of the Federal Reserve Bank to move outside their conventionally available tool kit of controlling the supply of money, credit and interest rates by allowing them to introduce mysterious ”unconventional measures.”  Here’s a link to the transcript of Chairman Ben Bernanke’s speech this week: http://www.federalreserve.gov/newsevents/speech/bernanke20100827a.htm.  Wondering what the plan may be?  How about “buying more long-term securities” ~ in other words, more Treasuries, the mortgage on your house and reducing interest payments on excess reserves (forcing the commercial banks to start lending to small business).  

Step Three:  When asked about the impact of the Wikileaks release of Afghan war documenets, U.S. Supreme Court Justice Sonia Sotomayor speaking at Denver University this week said this in response to expectations of a Supreme Court case on the matter; ”…that question is very likely to come before me.” Sotomayor continued; “That was not the beginning of that question, but an issue that keeps arising from generation to generation, of how far we will permit government restriction on freedom of speech in favor of protection of the country,” Sotomayor said. “There’s no black-and-white line.”  Here’s an RT.com interview with Wikileaks founder: http://www.youtube.com/watch?v=bD5dxkPwibU&p=0D5B929D05DCC1B5&playnext=1&index=89

Step Four:  Create a link between Homeland Security and counterterrorism with American values by linking freedom of expression to treason by making claims such as John Brennan did when he said; “Indeed, we have seen an increasing number of individuals here in the United States become captivated by extremist ideologies or causes.”  Here’s a link to the entire May 6, 2010 speech at the CSIS: http://csis.org/event/statesmens-forum-securing-homeland-renewing-americas-strengths-resilience-and-values  Here’s a link to a more recent Brennan August 6, 2010 speech: http://csis.org/event/john-brennan-assistant-president-homeland-security-and-counterterrorism

Step Five: Have the White House’s Cass Sunstein spin it from a discussion about man’s God-given and inalienable right to freedom into an idea that it’s the government’s role to provide us with economic security and that a person’s freedom is inalienably linked to their wallet by promoting concepts such as Roosevelt’s claim that “necessitous men are not free men.”  In other words you can’t be poor and also be free.  Here’s a link to the original article: http://www.prospect.org/cs/articles?article=economic_security_a_human_right.

Step 6:  Deal with the challenges created by the First Ammendment (free speech) and the Tenth Ammendment (State’s rights) simultaneously by bringing back Sedition Act, but this time make it stick by transforming both the composition of the Supreme Court and  the conventional wisdom in the American psyche by driving down the economy while driving up the link between economic security and national security.  If “Order” before “Liberty” can become the priority in the minds of Americans, then the battle is won and tyranny is the victor:    http://en.wikipedia.org/wiki/Alien_and_Sedition_Acts.  Here’s a link to the text of the Sedition Act.  Take a look at the first sentence of section 2 where it says it’s illegal to write, print, utter or publish any writings against the government of the United States. 

Here’s a link to an previous in-depth blog post where we broke down the strategy for introducing a Second Bill of Rights and how this technique of providing economic security will be used to destroy the inherent security that exists within inalienable freedom:  http://tradewithdave.com/?p=638

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Cramer asks the rhetorical question “What is everyone watching?”  I can assure you it’s not CNBC. 

I’ve been saying for a week if one other doomsayer climbs out of the pool that I believe it’s time to jump back in.  First it was Mark Cuban, then Tony Robbins, now Cramer calls .5 on GDP.  Here’s today’s announcement from the Bureau of Economic Analysis: http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm  That’s it.  All Swim!!!

Here’s the drum roll to this call: http://tradewithdave.com/?p=1811

Special Advisory:  TradeWithDave is not a financial advisor.  The only thing you trade with Dave is your time.  It’s up to you to get professional advice and in this case, you better look out below once the folks who get elected in November get sworn in in January.  I see this rally as the equivalent of a truck driver taking one of those “keep me awake till I get home” energy boosters you see on the counter at convenience stores.  It gets the job done, but it’s not pretty when you finally pull in the driveway.  “Honey I’m Hooommmee….”… THUD!

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(remember this song from summer camp?)

There’s a hole

There’s a hole

There’s a hole in the bottom of the Fed

__________________________________

National Public Radio provides this light-hearted take on how exciting it is to buy up all the mortgages while spending $1.25 trillion.  Here’s a high value  journalistic quote from the story:  The New York Fed is a big, fancy place — lots of marble, a vault full of gold in the basement.

Here’s a link to the story:  http://www.npr.org/blogs/money/2010/08/26/129451895/how-to-spend-1-25-trillion?ft=1&f=1006

We’ll hear more today from the Fed Chairman on his plan to fill the hole live today from Wyoming – Jackson Hole, Wyoming.  Here’s a link to the transcript of the speech: http://www.federalreserve.gov/newsevents/speech/bernanke20100827a.htm

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Sung to the well-known Sesame Street Tune…. Hit it!

One of these things is not like the others,
One of these things just doesn’t belong,
Can you tell which thing is not like the others
By the time I finish my song?

Did you guess which thing was not like the others?
Did you guess which thing just doesn’t belong?
If you guessed this one is not like the others,
Then you’re absolutely…right!

A genetically-modified AquAdvantage salmon next to a control salmon of the same age.  Can you spot the genetically modified salmon?  Photograph: AP

Brought directly to your dinner table from the fine folks at AquaBounty Technologies (http://www.aquabounty.com/).  AquaAdvantage salmon grows at twice the speed of similar fish ~ isn’t that special.  Not only does the salmon grow super-fast the fish is also sterile (guess it keeps them focused on the frying pan instead of the fire) 

The FDA is holding a few more public hearings before you’ll be able to bring home the tasty advantage to your family.  Not only is this real salmon that your family will enjoy,  but it also contributes to the economic security and and prosperity which we’ve come to rely on our government to provide.  Why settle for  Chicken of the Sea when you can serve up the AquAdvantage Brand to your entire family ~ ask for it by name and look for the GMO (genetically modified organism) label – that is if the FDA decides to require one.  Best of all, these salmon don’t ever see the ocean so they’re safe from any contaminants such as the oil dispersants used by BP in the Gulf of Mexico.  What could be better? 

This ranks right up there with some of the great food product inventions brought to us by the Space Program such as delicious and tasty Tang, that ”juicy-tasting” powdered drink mix and don’t forget Space Food Sticks.  My mom never failed to lovingly pack them in my lunch box.

 The CEO of AquaBounty, Ronald L. Stotish, formerly VP of Research and Development at MetaMorphix

Interested in learning more about what’s on your families menu from the U.S. Congress, click here for our previous blog post: http://tradewithdave.com/?p=1823

Update: September 8, 2010 – COME AND GET IT!!! U.S. authorities have approved “FrankenSalmon”.  Here’s a link to the story from the Daily Mail in the U.K.: http://www.dailymail.co.uk/sciencetech/article-1309316/Frankensalmon-ruled-safe-eat-Fast-growing-GM-fish-approved-scientists.html

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Here’s a link to an article from Time Magazine.  They explain how the courts have ruled that your driveway is open to the public and you have no reasonable expectation that the government is not tracking your movements by putting a GPS on your car. 

I wonder if Judges have an expectation that I won’t walk up their driveway.  I used to have a neighbor who was a Federal Judge.  Anytime his burglar alarm went off, U.S. Marshalls showed up. 

http://www.time.com/time/nation/article/0,8599,2013150,00.html

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My liabilities that is.  Sometimes I miss them so much it makes me homesick.  According to this Morgan Stanley report on sovereign governments and their impending bond defaults, it looks like governments are missing their liabilities too.  Check out the paragraph on Missing Liabilities on the bottom of page 2.  There’s one thing you need to keep in mind.  It’s governments that make the regulations such as GAAP (generally accepted accounting principles) and oversee folks such as FASB (Financial Accounting Standards Board).  You can hardly expect the people who make the rules to be subject to those rules.  That’s what the ”modified golden rule 2.0″ is all about.

Here’s the short report – see bottom of page 2:  http://www.scribd.com/doc/36402437/MS-Default

Here’s a link to the official TradeWithDave.com history of the golden rule 1.0 and 2.0.: http://tradewithdave.com/?p=95

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The State Department of the United States Weighs In Officially On President Obama Eligibility Issue

Do you remember that scene from the movie Deliverance.  The one where the two banjo players go off on each other in a classic hillbilly challenge (I can say that because I am a hillbilly).  Here’s a link to 4 minutes of the best picking and grinning to ever grace the big screen – not to mention a little buck dancing thrown in to boot. 

As far as the question of eligibility deficiencies are concerned, the State Department’s official proclamation of President Obama’s “Dual Citizenship” was news to me.  Here’s a link to their official State Department’s site at www.America.gov http://blogs.america.gov/rumors/2009/08/21/the-obama-birth-controversy/  

Here’s a link to the original “Dueling Banjos” scene which interestingly enough isn’t banjos at all – it was a guitar all along.  (Parental Guidance Suggested on the last 30 seconds of the clip) http://www.youtube.com/watch?v=1tqxzWdKKu8   

Here’s a link to a few of our previous blog postings in the topic that just keeps on giving: 

http://tradewithdave.com/?p=480

http://tradewithdave.com/?p=293

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