Manarin Investment Counsel, Ltd.

Warren Buffett’s humbug By David Stockman, of MarketWatch

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Please enjoy this well written article by one of my favorite educational institutions, "The Cato Institute".

Article:  “What Caused the Financial Crisis”

Greed? Government Policy? Politicians? Bankers? Fed Policy?

 Actions have consequences...

 Should the politicians be held accountable?  It's your vote.

 Source:

Rahn, Richard W. (2010, November 16). What Caused the Financial Crisis. Retrieved November 18, 2010, from The Cato Institute Web site: http://www.cato.org/pub_display.php?pub_id=12557

Roland

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Quantitative Easing Explained -YouTube

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Hayek vs. Keynes Sequel Sneak Peak Preview

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Carpe Diem - In the month of September, 1,958,511 passengers traveled through Dulles Airport, which was 4.5% above passenger traffic in the same month last year, and marked the highest monthly passenger count for the month of September since 2006.  Cargo traffic at Dulles in September was 5.6% above last year.

Over the 12-month period from October 2009 to September 2010, passenger traffic at Dulles has improved by 1.2% compared to the same period a year ago, and cargo traffic is up by 17.6%.

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Mid-American Money November 2010 from Creighton College of Business on Vimeo.

Roland joins Creighton University economic professor, Dr. Ernie Goss; and business school dean Dr. Tony Hendrickson for a post-election economy and stock market update.

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As we face the future, the prognosis for the dollar and for the international monetary system is grim indeed.  Until and unless we return to the classical gold standard at a realistic gold price, the international money system is fated to shift back and forth between fixed and fluctuating exchange rates, with each system posing unsolved problems, working badly, and finally disintegrating.  And fueling this disintegration will be the continued inflation of the supply of dollars and hence of American prices, which show no sign of abating.  The prospect for the future is accelerating and eventually runaway inflation at home, accompanied by monetary breakdown and economic warfare abroad.  This prognosis can only be changed by a drastic alteration of the American and world monetary system: by return to a free-market commodity money such as gold, and by removing government totally from the monetary scene.

Via the Ludwig von Mises Institute

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Thomas Jefferson was a very remarkable man who started learning very early in life and never stopped:

• At 5, began studying under his cousins' tutor.
• At 9, studied Latin, Greek and French.
• At 14, studied classical literature and additional languages.
• At 16, entered the College of William and Mary.
• At 19, studied law for 5 years starting under George Wythe.
• At 23, started his own law practice.
• At 25, was elected to the Virginia House of Burgesses.
• At 31, wrote the widely circulated "Summary View of the Rights of British America" and retired from law practice.
• At 32, was a Delegate to the Second Continental Congress.
• At 33, wrote the Declaration of Independence.
• At 33, took three years to revise Virginia's legal code and wrote a Public Education bill and a statute for Religious Freedom.
• At 36, was elected the second Governor of Virginia succeeding Patrick Henry.
• At 40, served in Congress for two years.
• At 41, was the American minister to France and negotiated commercial treaties with European nations along with Ben Franklin and John Adams.
• At 46, served as the first Secretary of State under George Washington.
• At 53, served as Vice President and was elected president of the American Philosophical Society.
• At 55, drafted the Kentucky Resolutions and became the active head of the Republican party.
• At 57, was elected the third President of the United States.
• At 60, obtained the Louisiana Purchase doubling the nation's size.
• At 61, was elected to a second term as President.
• At 65, retired to Monticello.
• At 80, helped President Monroe shape the Monroe Doctrine.
• At 81, almost single-handedly created the University of Virginia and served as its first president.
• At 83, died on the 50th anniversary of the Signing of the Declaration of Independence along with John Adams.

Thomas Jefferson knew because he himself studied the previous failed attempts at government.  He understood actual history, the nature of God, his laws and the nature of man.  That happens to be way more than what most understand today.  Jefferson really knew his stuff.  A voice from the past to lead us in the future:

John F. Kennedy held a dinner in the White House for a group of the brightest minds in the nation at that time.  He made this statement: "This is perhaps the assembly of the most intelligence ever to gather at one time in the White House with the exception of when Thomas Jefferson dined alone."

Some quotes from Thomas Jefferson:

"When we get piled upon one another in large cities, as in Europe, we shall become as corrupt as Europe."

" The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."

"It is incumbent on every generation to pay its own debts as it goes.  A principle which if acted on would save one-half the wars of the world."

"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them."

"My reading of history convinces me that most bad government results from too much government."

"No free man shall ever be debarred the use of arms."

"The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government."

"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants."

"To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical."

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