Washington Capitulates: Peak Oil Is Real

Gary’s Note: Even the government can’t ignore Peak Oil anymore. The good news is that civilization won’t come crashing down your ears just yet. The bad news is that the way of life to which you’ve become accustomed will cost a lot more. Doug Hornig explains below. He has something you can do about, too. Whiskey & Gunpowder By Doug Hornig August 31, 2009 Casey’s Energy Opportunities Washington Capitulates: Peak Oil Is Real Each year, generally in May, the Energy Information Administration publishes a less-than-eagerly-anticipated tome called the International Energy Outlook, 250+ pages of mind-numbing text, charts, graphs, and tables. No one reads it. The mainstream media ignore it. ~~~~~~~~~~~~~~Special~~~~~~~~~~~~~~ Even If Gold Goes To $38,349 Per Ounce, This Other Metal Will Fly Even Higher If soaring gold feels good...when this “other” metals investment makes its next big move, it’s going to feel even better. With much greater potential for high returns. Click here to read more... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ It’s the product of the best prognosticators in the Department of Energy. Okay, that may be what puts most people off. But if you’re patient enough to dig into it, it will cough up some fascinating nuggets of information. The present edition is no exception. The report refrains from spelling out the conclusion that seems most obvious from its data. However, confirming a trend begun just last year, the 2009 edition clearly reveals that the government has been forced to admit that Peak Oil is coming. Moreover, it’s expected to arrive much faster than was believed as recently as two years ago. This represents a remarkable turnaround in the agency’s opinion. Up until 2008, they were predicting unbroken growth in world oil supplies for the next two decades. But in ‘08 and ‘09, the rosy picture turned decidedly unrosier. Before we look at the numbers, a couple of notes on terminology. The EIA makes its projections based on what its analysts call the “reference case,” i.e., average economic growth. It also provides estimates for better- and worse-case scenarios, but the reference case represents the best guesses they have. Oil (as we generally think of it), upon which most of the world economy depends, is termed “conventional liquids,” i.e., the stuff that comes gushing up from under Saudi sands. “Unconventional liquids” — extra-heavy oil, bitumen, coal-to-liquids, gas-to-liquids, and biofuels — are also covered in the report, as we’ll see, but conventional is far and away the most important one at this moment in history. With that in mind, by 2007 the IEO was in its final year of irrational exuberance, confidently predicting that world production of conventional liquids would be 107.5 million barrels/day (up from 81.9 in 2005). That dovetailed nicely with a forecast for world demand of 118 million b/d, with 10.5 million barrels of unconventional liquids taking up the slack. By ‘08, they had put the info into table form, and look what happened: Same table, ‘09: Projected production, as you can see, is suddenly shriveling up. From 107.5 million b/d of oil projected for 2030 in 2007, to 102.9 million b/d in 2008, to this year’s meager expectation for 93.1 million. That’s a drop of 13.4% in only two years, and posits production growth of only 11.6 million b/d (14.2%) from 2006 levels. If that isn’t an admission that the era of Peak Oil is upon us, what is? The report assumes that some of this stunning shortfall will be made up by development of unconventional liquids to the tune of 13.5 million b/d, including a jump of 5.9 million b/d in biofuels. At the same time, while conventional liquid production from non-OPEC nations is projected to grow only 7%, OPEC is expected to substantially increase its contribution, ramping up output by almost 25%. (All figures are for the period of 2006-2030.) Does this seem optimistic? Well, it presupposes some heavy lifting on the part of OPEC, a dicey proposition in the best of times. And it means creation of the infrastructure necessary to exploit extra-heavy oils, tar sands, shale, ultradeep deposits and other unconventionals, all of which require sophisticated technological know-how and face significant environmental challenges. Biofuel production could more easily be elevated. But to reach the lofty level of nearly 6 million b/d would necessitate a huge diversion of cropland from food to energy, certain to be attended by a rise in food prices, not to mention potentially serious food shortages. The need for food being rather more primal than the need for gasoline, politicians are going to be reluctant to risk loosing angry mobs into the streets. Even if all of these developments proceed flawlessly, though, we’ll still have to face a widening gap between production and consumption. Or will we? As it turns out, we’re in luck! Or so the EIA would have us believe. Because, accompanying that falling supply is — you guessed it — declining demand. In 2007, the IEO anticipated world demand for all liquids of 118 million b/d in 2030. This year, that estimate shrank to 107 million b/d, right in line with production. The important point to take away from the IEO’s analysis is that the world is facing a decline in liquid fuel production and the government, after years of straight-faced denial, is now admitting it. ~~~~~~~~~~~~~~Special~~~~~~~~~~~~~~ “The Bailout Loophole!” How Congressional Mandate HR-3221 Could Pay You Up To $17,500 This Year Missed by millions of Americans, this little-known LEGAL “loophole” could easily pay you up to $17,500 in income this year and every year... For as long as it takes this market and the US economy to recover! Get all the details here. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Does this mean we’re going to run out of oil? No. But supply constrictions mean that the good old days of limitless, cheap oil are gone. And, though viable alternatives eventually will be developed, there’s no way of putting a timetable on that. In the interim, we’re going to have to pay up if we want to keep the family jalopy on the road. How much? The IEO report’s reference case calls for $130/barrel oil in 2030, but that’s based on relatively modest demand increases from India, China, and other developing nations, and we find it very optimistic. It easily could be twice that. Regards, Doug Hornig P.S.: Rising oil prices mean some belt-tightening, but they also offer investment opportunities, in both conventional and unconventional resource companies. In addition, power-generation alternatives such as solar, nuclear, and geothermal will be coming to the fore. But discovering the right companies with sound fundamentals and the potential for handsome returns isn’t easy. Read our report how a math-prodigy-turned-multimillionaire finds those companies… and how you, too, can profit from his secret system. Click here to learn more. The world has turned, Shooters. Today your editor feels like a new man. Fall has fallen! This morning the summer humidity that clings to Baltimore like crime and despair finally broke. The morning air was crisp and clear for the first time in months. I was up all night and got to feel the change take hold in the wee hours of the morning. My air conditioning has been running every day since June out of necessity. But this morning it didn’t just render the fetid air in my apartment barely tolerable; the room was actually growing cold. I’d become emotionally dependent on the full roar of the air conditioner, however, and was reluctant to turn it down. I donned a pair of thick socks instead. By the time the sky began to brighten, however, I had to accede to the reality of the new season. I happily switched the A/C to fan mode to keep the cool outside air coming in, and readied myself for work. And so here I am at my desk once more. No more brief vacations and gallivanting for your wayward editor. You have my full attention. So let’s turn to your letters… Gary, Dan Amoss promised us a bank calamity this week, but I see no evidence. Not that I regret [not] experiencing a disaster, I just want to calibrate the reliability of those whose advice I heed. You’re correct — we didn’t get the announcement we expected. Our curse seems to be that we end up being a bit too early on some of our calls. But that’s how you make money: by staying a little ahead of the curve…and keeping your head while others point and laugh. After some rather pointed e-mails came in about our Bank prediction not coming true, Ian Matthias addressed the situation in The 5-Minute Forecast. Here’s his explanation on Dan’s prediction… If you’re waiting for us to issue a “mea culpa” and hang Dan out to dry — that’s not going to happen. We think his analysis is first-class, and the nature of this speculation still gives investors time to profit. It’s only over if you sold in a panic. Of course, there’s always a chance Dan’s pick is either too early or wrong. That’s the nature of speculation. If you can’t stomach trading swings and a potential loss, buy Treasury bonds. (Heh, even that might not pan out.) There are quite a few people who appreciate Dan’s efforts, yours truly included. If, on the other hand, you’re actually interested in a thorough and clearheaded exploration earnings report of the bank in question — including questions Dan has regarding loan loss provisions and “tier one capital” — see your latest Strategic Short Report alert. With the play Dan recommended, his readers have until December to be correct on his prediction. I know we’ve got a bunch of very interested Shooters following along on this one, so I’ll keep updating you on this play. Stay tuned to see how this one pans out... And speaking of explanations of predictions… In his Daily Grunt, James Howard Kunstler talks about his infamous Y2K prediction: “A Canadian academic writing a book about ‘prediction’ wrote to me asking if I could shed any light on my Y2K position ten years ago and on the question of making predictions generally… “The trouble, it turned out, was averted. This is a part of the story usually overlooked by those who mock the Y2K episode. Billions of dollars were spent, and scores of thousands of man-hours were dedicated, to mitigating this problem. Programmers went into these old legacy systems and either successfully reprogrammed them or changed out the hardware altogether — note, this period coincided with the tech boom of the late 1990s precisely because so much new computer equipment was sold. In any case, there were no ‘cascading’ failures of the kind that had been most feared. Lots of systems did fail, but not a critical mass of the largest and most critical ones. The Y2K incident passed into history as a joke. “I don’t think it was a joke. I regard it still as a legitimate potential catastrophe that was averted. The longer-lasting consequence of it was that it alerted thinking people to the problems associated with the larger issue of over-investment in hyper-complexity. This has become the over-arching ‘narrative’ of the period we are now living through, with all its vicissitudes, and it was what prompted me to write The Long Emergency, which was published in 2005, and World Made By Hand, published in 2008.” You can read more about that by clicking here. Heh. In the spring of 2008 I made a prediction…and then events promptly started to prove me hilariously wrong. In my former life one of my workmates was what they call a super-commuter. He drove across three states — for three hours each way — every day to get our base of operations in Astoria, Queens. (I took a bus up Broadway from neighboring Sunnyside…On especially nice days I walked.) It was a popular thing to do during the real estate run up when gas was still pretty cheap: buy a house way out on the farthest exurban ring from which commuting was just barely possible. It was a desperate measure to get the last remaining affordable housing. It made sense for those with superhuman stamina, but only as long as gas prices remained low. These super-commuters were hurting something fierce when oil kept marching over $100 a barrel. I warned my buddy that oil would eventually permanently become so expensive that it would wreck a lot of things…but his particular way of life was the lowest hanging fruit. Peak Oil would kill the exurbs and ruin the super-commuters who had invested in them. Almost on cue oil prices tumbled. But I’m not particularly worried about that call, Shooters. If you’d still like to write in and tell me I’m a just a fool to believe, feel free: gary@whiskeyandgunpowder.com. I’m not going anywhere. In fact, today I’ll be celebrating how long I’ve been here. That’s right. It’s been almost one year to the day since your deracinated editor rolled into Baltimore to begin his life with Agora Financial. My first official day was September 2, 2009, but I arrived in the city on August 30. So I hope you’ll raise a glass with me in honor of the start of my new life. In fact, now would also be a good time to remind you all about those danged barstools I mentioned a couple months back… We’ve figure out what we’re going to do about those barstool numbers. Those of you who wrote in can look forward to some correspondence. Those of you who didn’t have one more chance to let your voices be heard. Write in and request your barstool number: gary@whiskeyandgunpowder.com. Salut. Regards, Gary Gibson Managing Editor, Whiskey & Gunpowder One Famous Expert Warns, "There Will Be Panic" The 10 Shocking Reasons for China's Pollution Problem Geothermal Energy: Investment in the Future Here's One Coal Stock That's Set to Skyrocket Investing in Exchange Traded Funds The Real Story Behind the True Gold Bull Market

Black October Is Coming, Are You Ready?

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We are Now in the Eye of the Hurricane! Mainstream Media is now reporting .. "The Recession is Over...Stocks and Housing are Now...Good Buys" They were NOT right about the Melt Down... How could they possibly be Right about the Recovery? Many prominent figures like: Jim Rogers, Gerald Celente and Peter Schiff are forecasting that.. By Mid to Late October... It will Not feel like a Recession but rather a Depression! Here are the reasons why... #1. We're about to see the Largest Bulk, of the "option arm-risky Loans" written by the banks, Re-adjust from a Fixed-- "Teaser-rate" to a Variable rate. Home owners will go from a 4.25-4.5% interest rate, to 8-10% (Libor rates). People will No longer afford their mortgage payment! Foreclosures Will Skyrocket!.. Banks will Not have equity (payments) coming in...They're going to Fail! #2. Banking system is Under water; according to the FDIC website, we have already seen more than Three times as many banks Fail this year, than the last 10 years put together... Banking Holiday?? #3. Unemployment is rising; many prominent economist believe Real unemployment is closer to 15%... At the height of the 1930s Depression, unemployment hit 18%...we're almost there! #4. Housing is being artificially kept from crashing by Banks, whom are holding onto foreclosed properties, Only releasing a small amount of inventory.. They don't want to Flood the regional market with excess inventory.. Hence; Crashing Prices even further! Nevertheless, foreclosures are rising ...They will have to release inventory at one point! #5. The FEDS continue to bailout the banks by Buying "Toxic" Mortgage Backed Security, for both residential & commercial loans. Plus, the auto industry by their creative "Cash for Clunkers" program. Not to mention, the FEDS are Now Buying their own Bonds, at the T-Bill Auctions... China doesn't want our Debt/Bonds anymore...Who can blame them? Ladies and Gentlemen, the writing is on the wall.. It's about to get Really Bad, Really Quick! Now is the Last time, you'll be able to acquire Gold for under $1000 per oz. Everyone Knows.... September and October has always been the worst time of the year for the Stock-market and your Savings! It has Never been More prudent to Own...Tangible Gold & Silver, the ONLY asset with a Proven track record of Protecting Wealth during Inflationary cycles.

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From time to time we find special opportunities we believe you as a valued customer may want to see. Please note that the following message reflects the opinions and representations of our advertiser alone, and not necessarily the opinion or editorial positions of Human Events or Eagle Publishing. This email was sent to brad0222002.economy@blogger.com because you are subscribed to Eagle Publishing's Carefully Selected Offers from 3rd Parties email list. Click here to update your email preferences or unsubscribe. Please do not attempt to respond to this message as your reply will route to an unattended email box. If you have questions, please send them to CustomerService@HumanEventsOnline.com. To advertise in our e-letters or email list, please click here. Human Events | One Massachusetts Ave., N.W. | Washington, D.C. 20001 You were added to the system July 21, 2009. For more information click here.

 

Why Investors Must Become Traders; Cash for Clunkers Is a Clunker

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August 31, 2009

The economic number to keep an eye on this week is the Index of Manufacturing Activity, published by the Institute of Supply Management. The number comes out on Tuesday. The index is expected to rise to from 48.9 in July to 50.5 for August. Any number over 50 indicates that the factory sector is expanding. The index hasn't been over 50 since December of 2008. The Wall Street Journal reports that this would be an "unambiguous" indication that the recession is behind us. And that's not the only positive in the ISM numbers. According to Steve McDonald, the gap between the New Order Index and the Inventory Index is at its highest level since April of 2004. This indicates that factory orders are piling up faster than they can be filled from inventory. The gap has been this high only five times in the past 30 years. And every time it has preceded a significant expansion in manufacturing. The market and the economy do not move in lock-step. While we are still cautious about the market, the ISM numbers should be a positive sign for the economy. If you're expecting a full market recovery, you're probably going to have to wait… On "The Big Picture" blog, Barry Ritholtz shows a chart produced by Morgan Stanley Europe. The chart represents a composite average of the last 19 global bear markets. The average bear market begins with a drop of 56% over the course of 29 months. This is followed by a rebound rally of 70%, lasting 17 months on average. After that comes another serious, but smaller correction. And then for nearly six years, the market trades within a range. The whole process lasts an average of 10.5 years. So how does the current bear market match up? Are we on our way to a long and sustainable recovery? The market peaked in October of 2007. From there, the S&P 500 fell 56% in 18 months. The rebound rally has risen 51% in about five months. So, historically speaking, the current rally could continue to run higher. And it could last another year. But another sharp correction is highly likely. Then the market could zigzag sideways for five or six years. "Wall Street's Forbidden Retirement Plan" Could Pay You $7,792 Every 90 Days for the Rest of Your Life. Wall Street firms don't want you to know about what could be the most lucrative retirement program in existence, because they can't make a penny when you sign up. Learn how you could multiply your wealth and even earn yields of 20% or more on some of the world's safest stocks… Have you changed the way you invest in the last two years? For decades, we have been led to believe that "investing" is safe and "trading" is risky. But the way most people "invest" is about the riskiest way to manage your money. "Buy-and-hold" works great when earnings multiples are expanding, like they were in the 1980s and 90s. But it can spell disaster when multiples are contracting. Michael Covel, the author of Trend Following: Learn to Make Millions in Up or Down Markets, points out the pitfalls of the "investing" mindset. Investors put their money into a market "under the assumption that the value will always increase over time," he writes. "Investors typically do not have a plan for when their investment value decreases." He goes on to show that investors typically succeed in a bull market and lose in a bear market. Finance professor Walt Woerheide, Ph.D. thinks "buy and hold" is still the best option… In a recent interview with Bankrate.com, Woerheide was asked about buy and hold. Bankrate pointed out that "anyone who has followed a buy-and-hold strategy over the last year and a half saw 30 to 40 percent of their portfolio value knocked out. So that leads people to say, 'This is a dumb strategy.'" "Then what are you going to do?" Woerheide asks. "The alternative has to be simply that you start trying to anticipate the market and start dynamically moving your money around the various categories." That's wrong. The solution is not to try to time the market. The solution is to determine your exit strategy before you enter a trade. The problem with "buy and hold" is that there is no exit strategy. Who cares if this technology changes the world? I don't. I only care that this stock, which is trading for just pennies, hits $0.50 in the next three months! Right now, you can buy 10,000 shares for just $250… and when it hits 50 cents, those shares will be worth a cool Five-Grand! For just $500, you can pick up 20,000 shares that could be worth an amazing $10,000 by the end of the summer. Sounds too easy? Well it is. Once you read my Free report (by clicking here) you'll see exactly why… heck, you may want to pick up a hundred thousand shares right now! Even if you consider yourself a "long-term investor," you should manage your investments like a "trader"… That doesn't mean you need to adopt a short-term outlook. And it doesn't mean you should be buying and selling your positions every day or even every month. It does mean two things: Before you enter an investment, you should have a clearly defined sell strategy. If that line is crossed, you sell. On the other hand, when a stock moves in your favor, you should employ a trailing stop. That will give your winner room to run. And it will get you out if the uptrend reverses. You should be prepared to profit when the markets rise AND when they fall. We have recently experienced the sharpest rally since the Great Depression. But the overall trend in the markets is still down. How has your investment outlook changed over the last two years? Drop us a line and let us know: feedback@investorsdailyedge.com Cash for Clunkers is a real clunker… If you pay any attention to the mainstream media, you might have heard that the government's Cash for Clunkers program has been a success. After all, it has spurred auto demand and given a kick start to the industry. But not so fast, says Andrew Gordon. Andy digs deeper and has a few choice words for the bureaucrats in the following open letter to Uncle Sam. Dear Uncle Sam: I didn't trade my clunker in for a new shiny car. But I still want my cash back. You know what I'm talking about. The money you'll be taxing me to pay for your "cash for clunkers" program. I wouldn't mind nearly as much if it were just me that didn't benefit from the program. But the U.S. auto industry didn't see any ounce of benefit either. American auto makers usually supply 63% of the cars we buy. While the program was going on, they only supplied 52%. Tell me how a loss of market share benefits American auto companies? And the 690,000 cars sold under the program? C'mon. This is the oldest sales trick in the auto business. At the end of every year, dealerships offer cars at irresistible prices. But this is just a way luring future buyers into the present. And it usually results in disappointing sales the following quarter. How is your "cash for clunkers" sale any different? Oh yes. Customers were forced to get rid of their old cars while they still had some life left. Great! I was planning to buy my daughter a really cheap used car – the kind of car I had at her age. But you've just made it much more difficult for me to find one. Nice job, Uncle Sam. But I still want you to send what you owe me. Andrew Gordon You're likely to hear "good" news from the car companies. They will talk about the spike in sales and increasing production. Don't fall for it. It's just window dressing. The auto industry is going to post atrocious numbers in the 4th quarter. The American automakers lost market share during this program. Buyers wanted cheap, fuel-efficient cars. And this usually means a foreign name plate. And the spike in car sales won't help the bottom line. The car companies don't make a lot on cars. Their big moneymakers for the last decade have been trucks and SUVs. And they weren't selling any of these under "Cash for Clunkers." It all adds up to more trouble on the horizon for the American automakers. Good Investing, Bob Irish Investment Director Investor's Daily Edge We want your feedback! Let us know your thoughts on this article. Email us at Email: feedback@investorsdailyedge.com Market Window FINANCIAL ADVISORY BOARD Bob Irish - Investment Director Andy Gordon - Editorial Contributor Jon Herring - Editorial Director Ted Peroulakis - Editorial Contributor Christian Hill - Managing Editor Dr. Russell McDougal - Editorial Contributor Steve McDonald - Editorial Contributor Michael Masterson - Consulting Editor

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To unsubscribe from Investor's Daily Edge and any associated external offers, Click here To change your email address, Click here To cancel or for any other subscription issues, write us at: Investor's Daily Edge PO Box 7835 Delray Beach, FL 33482 800.718.2891 Copyright © 2009 by Fourth Avenue Financial. All rights reserved. The Fourth Avenue Financial unites the stock-picking talents of several analysts and editors. Each of the services is based on individual trading/investment philosophies or vehicles and specific investment approaches. Fourth Avenue Financials Investor's Daily Edge is intended specifically for mature investors with a strong sense of individual responsibility who want to arbitrage different viewpoints to optimize their personal investment strategy. We reserve the right to remove readers we believe do not meet these criteria from our distribution list without prior notice. You are welcome to distribute this message, at your discretion, to others who you believe share the values of the Fourth Avenue Financial. NOTE TO OUR READERS: Fourth Avenue Financial or Early To Rise does not act as an investment advisor or advocate the purchase or sale of any security or investment. Investments recommended in this publication should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company in question. Fourth Avenue Financial expressly forbids its writers from having a financial interest in any security that they recommend to their readers. Furthermore, all other employees and agents of Fourth Avenue Financial and its affiliate companies must wait 24 hours before following an initial recommendation published on the Internet, or 72 hours after a printed publication is mailed. Email: feedback@investorsdailyedge.com | phone 800.718.2891 We respect your privacy. You can view our privacy policy here. © Copyright Early to Rise, LLC., 2009

Taipan Daily: Less than 48 hours left for 100 FREE Urgent Health Reports

A Special Offer from the Health Sciences Institute For Taipan Daily readers! The 100 Greatest Underground Cures Your doctor won't breathe a word about them... The pharmaceutical giants don't want you to have them... Our own government refuses to acknowledge they exist (despite the mountain of clinical evidence we will show you). But, for a very limited time, they can be yours. Absolutely FREE. New, proven treatments for the worst plagues of mankind... CANCER! "Magic Bullet" discovered 10,000 times stronger than chemotherapy with zero side-effects. Man with 12 prostate tumors becomes tumor free! (Report #1) DIABETES! From insulin dependent to non-diabetic in 6 weeks flat?! The botanical breakthrough that works as well as drugs or better... with NO damaging side effects! (Report #19) ALZHEIMER'S! Mental decline halted & may be reversed for thousands of patients, with harmless flower extract that outperforms latest drugs (Report #53) ARTHRITIS! Both types of arthritis pain neutralized by gourmet delicacy! Researchers stunned to find why New Zealand Maori don't get joint disease (Report #17) To honor our special agreement with Taipan Daily, the Health Sciences Institutes wants to send you its brand-new Encyclopedia of 100 GREATEST UNDERGROUND CURES at no cost when you become and HSI member Plus 96 other life-saving "forbidden" cures -- yours if you respond by midnight September 2, 2009. That's 100 reports bound into one massive volume of underground disease treatments (the ones the mainstream doesn't want you to know about). It's our greatest giveaway ever. But you must act now or this exclusive offer will pass. Quantities are limited. Go here to learn more about these astonishing medical discoveries and claim your free Encyclopedia of our 100 Greatest Underground Cures now. To your good health, Jenny Thompson Director, Health Sciences Institute P.S. In Report #31 you'll learn how a few drops of this natural breakthrough relieves arthritis pain. Remember, these 100 free reports are available only from the Health Sciences Institute... but you must respond by midnight EST September 2, 2009.

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This e-mail was sent to BRAD0222002.ECONOMY@blogger.com because you subscribed to this service. It's not our intention to send e-mail to anyone who doesn't want it. To cancel Taipan Daily: Unsubscribe here. To cancel by mail or for any other subscription issues, write us at: Order Processing Center Attn: Customer Service P.O. Box 925 Frederick, MD 21705 USA Having trouble getting your e-mails? Add us to your address book. Get Instructions here... Copyright 2009 Taipan Publishing Group LLC and Taipan Daily, 16 W. Madison St., Baltimore, MD 21201. All rights reserved. No part of this report may be reproduced or placed on any electronic medium without written permission from the publisher. Information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. Taipan Publishing Group or its editors and publications do not advocate the purchase or sale of any security or investment. Investments recommended in this publication should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company in question. Taipan Publishing Group expressly forbids its writers from having a financial interest in any security that they recommend to their readers. Furthermore, all other employees and agents of Taipan Publishing Group and its affiliate companies must wait 24 hours before following an initial recommendation published on the Internet, or 72 hours after a printed publication is mailed.

Obama czar: 'Spread the wealth! Change the whole system'

A Free Press For A Free People Obama czar: 'Spread the wealth! Change the whole system' Just days before his White House appointment, Van Jones, President Obama's environmental adviser, used a forum at a major youth convention to push for what can easily be interpreted as a communist or socialist agenda. Read the latest now on WND.com. Must Read News Guess who's latest player in birth-certificate billboards Czar's 'communist manifesto' scrubbed from Net Joke of the day: The one I want to marry Today's WND Poll What should be done about security officer who threatened arrest over anti-Obama sign? Other Highlights Stolen toilet seat sparks international interest Woman nearly blinded turning brown eyes blue Twin-screen laptop on sale by Christmas Chicken-dance teacher becomes YouTube hit Click here for these stories, many more. Make it your homepage today! http://www.WND.com Whistleblower Magazine Special PROOF: Obamacare will lead to 'Medical Murder' Deals of the Day The birth certificate movie every American must see All your Obama birth certificate needs in 1 place! Magnetic Bumper Stickers: Click here to see WND's whole line of original magnetic bumper stickers. This email was sent to brad0222002.economy@blogger.com as a subscriber to the News Alerts from WND.com email list. To manage your email delivery preferences, click here. To immediately and permanently unsubscribe, click here. If you are interested in advertising with WND.com, the leading independent news source on the Net, email advertising@wnd.com. WorldNetDaily | 2020 Pennsylvania Ave NW, #351 | Washington, DC 20006 Copyright 1997-2009 WorldNetDaily.com Inc. All Rights Reserved.

Taipan Daily: Trading in Marked Ingots

Online Version | Mobile Version Monday, August 31, 2009 Learn About the 2nd Red Herring Alliance Download Your Free Report Now! Taipan Daily: Trading in Marked Ingots by Adam Lass, Senior Editor, WaveStrength Options Weekly “It’s a throwdown… a feud at Taipan Daily… Lass is long and Litle is short…” Not really. First of all, Justice is the taller of the two of us. Second, the only reason you can see any daylight at all between our positions regarding the current rally is because Justice has more spine than yours truly. We both see pretty much the same root causes, both for the economy’s current woeful state and the market’s gassy little rally. And we both suspect that in the end, unwary investors will most definitely lose some coin. The sole difference between us is that I am tempted by the opportunity to ride along with Washington’s rigged bet, while Justice wants to get as far away as possible from what will eventually be ground zero. The "Title XV Tip Sheet" Pulls This "Rigged Game" Back in Your Favor! Leaked directly from the highest offices of Washington D.C., this information has been making insiders rich for years. Now you're able to receive the very same early alerts as some of the wealthiest people in America. In fact, your first "tip" could be worth $31,000 or more if you act now. And that's just the beginning… You Can’t Fool the Dealer I must admit that, in the long run, his stance is probably the wiser – and certainly morally superior to my own. It’s kind of like hanging out just an hour or two longer in Sodom, because your poker game is going so well. According to certain rabbinic writings, one of Sodom’s primary sins was economic in nature. Rich men would publicly claim mitvot – good karma, if you will – by lavishing gold on beggars. However, the ingots were inscribed with certain signs alerting merchants to refuse these men any service or food. When the poor souls starved to death, their corpses would be ransacked and the gold was secretly returned to the supposed “donor.” Investment Resources Latest Taipan Daily Issues Whom Does Ben S. Bernanke Really Work For? It's Not Right... But It Does Make Sense The Dollar Conundrum Investment Research Reports Investment Opportunities in Global Markets Canadian Dollar Rattled Profit from Housing Boom How To Buy "Money Insurance" For more Special Reports, visit Taipan Publishing Group. Attack of the "Black Wednesday" Billionaires There is some question amongst historians and archeologists as to whether Sodom ever really existed. Jews, Christians and Muslims are satisfied with the tales’ strong moral advisories. What’s $182 Billion Between Friends? What brings all this to mind today is the recent behavior of shares of the insurance giant, American International Group (AIG:NYSE). I’m sure you’ve heard the backstory by now: AIG underwrote the risk of Wall Street’s mortgage bond speculations. And when it all hit the fan, Washington stepped in with some 182.5 billion of your dollars to back up those policies. Sound risky? Perhaps even fiscally irresponsible? You bet it was! It has since been revealed (via a FOIA lawsuit) that an initial draft of the Treasury Department’s AIG proposal contained a description of the whole AIG deal as follows: “the prospects of recovery of capital and a return on the equity investment to the taxpayer are highly speculative.” “That Was Then”… But somehow, by the time the whole dog and pony show was presented to Congress (i.e. “us, the public, the rubes who will pay for this mess for decades to come”), this fearful assessment had been excised. When asked why taxpayers have been kept in the dark as to the ongoing risk of losing $182.5 billion, a Treasury Department flack caviled that the “highly speculative” phraseology dated back to the previous administration. You know, the “bad old days,” when the whole bailout team was run by miscreants like Hank Paulson, Ben Bernanke and Timothy Geithner. The current team (that would be Tim Geithner and the recently re-nominated Ben Bernanke) is more sanguine as to AIG’s chances. This Is Now And if such masters of the universe are satisfied that investing in a virtually defunct insurance company is a good idea, why should the herd turn its collective nose. So far this August, these hollow assurances have caused AIG shares to rise from $12.97 to $55.90, an astounding gain of 331%. In one day last week, investors traded 149 million shares in a stock that may, at any moment, be revalued to zero. Seriously, I have a report on my desk right now that states that when the entire bailout of AIG is done, and every commitment they have made to such firms as Citigroup, JP Morgan Chase, and Goldman Sachs has been paid off, AIG shares will inevitably be reduced to their fair value: Nothing, zip, zed, nada. Now you can hear what 134 people heard in Chicago... If you couldn't attend our Annual Conference in Chicago, you can now hear what our editors had to say, including their wealth protection strategies and moneymaking recommendations. The conference was recorded LIVE and is available in two formats: CD or MP3, or order both. These live audio recordings of the conference contain vital financial information. Supplies are limited... don't wait too long to order your set. Frankenstock Now why would such a “zombie stock” be allowed to roam free like this? Apparently, there are no rules in place to deal with government-reanimated corpses. The NYSE assures us that they are violating no specific regulation. The SEC and Financial Industry Regulatory Authority both claim that they can do nothing to warn off investors (despite the fact that they did circulate alerts regarding the similar reduction of “Old” GM shares.) Seems to me that these investors are happily trading in Sodom’s marked ingots, due to be recalled at any moment. And yet, most all short positions in AIG (including the puts I recommended to WOW readers) have simply been crushed. The moral thing to do is to leave Sodom and not look back. Might even be the wisest idea. On the other hand, this game is going so well, and I’m holding aces… Yours truly, Adam   Refer to a friend Taipan Daily - a free e-service of Taipan Publishing Group - is easily the most profitable 5 minutes of your day. To become a Taipan Daily member sign up here. For more information, about Taipan Daily and Taipan Publishing Group, visit our home page. 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RedState Morning Briefing

WELCOME!

I'm pleased to deliver my Morning Briefing to you each weekday morning. It's designed to help conservatives do news prep for their day, the Morning Briefing will give you a snapshot at the big news the mainstream media is ignoring and the real news on stories the mainstream media is mis-reporting. You'll start your day ahead of the curve.

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REDSTATE MORNING BRIEFING

FOR AUGUST 31, 2009

Sign up to get the morning briefing by email here.

EDITORIAL NOTE: Erick will be on Sean Hannity's show at 9:30 p.m. ET tonight on Fox News.

1. Democrats echo Truman and threaten to nationalize Internet

2. Respect The Dead

3. More Trouble for Arlen Specter

4. Democratic House Chairman of the Ways and Means Subcommittee on Health Calls Blue Dogs "Brain Dead"

5. Washington Post Examines His Thesis. Finds an Honest Man Who Keeps His Word.

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1. Democrats echo Truman and threaten to nationalize Internet

In 1952, during the Korean War, the United Steel Workers of America had gone out on strike. The union was demanding pay increases beyond what steel firms said they could afford to pay, unless they were to raise prices beyond what would be approved by the government's Wage Stablization Board (set up for the war to attempt to keep costs in line despite inflationary government policies).

President Harry Truman, Democrat, unilaterally declared the steel firms to be at fault for the strikes, which were set to cripple Defense contractors' ability to keep the war supplied. So, the President nationalized America's steel manufacturing plants with the plan of dictating his own terms to the unions, appeasing them as part of his political base, while keeping afloat an early front of the Cold War.

So today, it is surely with the case of Youngstown Sheet & Tube co. vs Sawyer in mind that the Congress debates giving President Barack Obama, Democrat, sweeping authority over Internet Service Providers, including the authority to nationalize whatever Internet resources he declares to be important.

S. 773, a bill by West Virginia Sen. Jay Rockefeller, Democrat, has a 55-page draft bill that would create new "emergency" powers for the President, a 'cybersecurity' Enabling Act of sorts, that would give the President the authority broad powers over any "non-governmental" computer networks, whether public or private, that are declared by the President to be "critical."

Please click here for the rest of the post.

2. Respect The Dead

When a polarizing figure dies, there is sometimes an impulse to ignore courtesy and to instead viciously attack. The glowing tributes can create a visceral push-back instinct. But upon the day of a man's passing, respect for the pain of his loved ones, and yes, even his ideological fellows and followers, is a proper thing. There is no shame in allowing a day for the mourning of others.

Now, that does not mean it is not appropriate to criticize. It's not even to say that on the very day you cannot reconfirm your distaste for the deceased. No, when a polarizing figure dies, even in the short hours following the news, it is to be expected and tolerated that those who oppose him will say so. Again, it's a pushback against what may be historically inaccurate, hagiographic, rhetorical excess on the part of his dedicated fan base, as well as against any attempt to score political points with a perceived martyr. That's understandable.

But what is not right, and certainly not classy, are the vicious and nasty personal comments celebrating the loss that others are feeling. Let me give you some examples . . .

Please click here for the rest of the post.

3. More Trouble for Arlen Specter

When Arlen Specter switched parties back in April, he realized that some of his former supporters might regret having donated money to someone who was no longer a Republican. He made a concession: "Upon request, I will return campaign contributions contributed during this cycle."

That could wind up being a costly promise. Specter has raised $11 million this cycle, and only has $7.5 million on hand. That said, some donors have a lot invested in Specter and won't want their money back. And many others might want their money back, but either aren't aware of his promise or won't bother to make the request.

Well, the Club for Growth has stepped up to the plate to do something for that latter group. They have offered to contact Specter's donors and help them ask for their money back. Yesterday they received legal permission to do so . . . .

Please click here for the rest of the post.

4. Democratic House Chairman of the Ways and Means Subcommittee on Health Calls Blue Dogs "Brain Dead"

The intolerance of the left wing of the Democratic Party's members of Congress for those who do not agree with them on health care reform was on display again, in public. Many of the old bull Democratic House Chairmen are hard core leftists, like the Chairman of the Ways and Means Committee's Health Subcommittee, Pete Stark (D-CA).

Yesterday, Stark pounded his fellow Democratic colleagues on health care reform. In a media conference call sponsored by Campaign for America's Future, Congressman Stark called Blue Dogs "brain dead," and went on to say . . .

Please click here for the rest of the post.

5. Washington Post Examines His Thesis. Finds an Honest Man Who Keeps His Word.

Finally, twenty years after it was written and several major campaigns he's run, the Washington Post is finally picking apart his college thesis.

No, I'm not talking about Barack Obama. The Washington Post never bothered to track down and examine the college thesis of Barack Obama. But, it has found the twenty year old thesis of Bob McDonnell, the Republican candidate for Governor of Virginia.

With Creigh Deeds imploding, the media decided it had to do something to help the Democrat. So they are highlighting McDonnell's twenty year old thesis. In it, they find a candidate who is, brace yourselves, conservative. He went, after all, to Regent University, and his thesis is publicly available.

In other words, they could have written about it when he was running for the Virginia House of Delegates or Virginia Attorney General, but they wanted to wait until now when the Democrat needs some help. And what do they find that the man believed twenty years ago?

Please click here for the rest of the post.

Sincerely yours,

Erick Erickson
Editor, RedState.com

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