You and a substantial portion of the trading community have been raving on about imminent and crushing inflation for literally years now. You're fascinated by the visions of runaway printing presses, debasement of the currency and the necessity to hoard gold. But there is no inflation in sight. When will you get tired of false prophesy? All the Fed's additions to the money base have been computer entries into member bank reserves. Essentially none has been net added to physical currency in circulation. Anybody can check the EDGAR data system for confirmation. The willingness of banks to lend out of those reserves is attenuated by the Fed's policy of paying interest on the reserves. All they have to do is tweak up the interest paid to banks to meter the willingness of banks to push money into the economy by lending to businesses and consumers. So the potential for money to flow into the main street economy is completely under control. There are numerous explanations of this to be found in the economic literature, but perhaps the best is found here:


It is deflation that has been the real risk haunting the economy. The unprecedented underutilized capital, unemployment and housing overhang make inflation a distant, almost vanishing probability. Japan has provided proof that near- zero central bank interest rates can coexist with stable to deflationary prices for more than a decade under these conditions.

As to the recent announcements promising to hold interest rates near zero for extended periods, there is a rich and rigorous research literature showing so-called "forward guidance" to be the only possibly effective way to exert macro influence in a liquidity trap situation.

For some reason, Ron Paul and his gold-bedazzled acolytes have peddled this false prophesy of currency debasement and used it to harangue and harass Ben Bernanke and the Federal Reserve. Instead, we owe the man for ingeniously averting a replay of the 1930s Great Depression. History will show him to be the hero in all of this, despite his earlier mistake of falling under the spell of his predecessor, Alan Greenspan. You remember him: he of the Ayn Rand school who came to a belated awakening.

It would be encouraging if you would base your advice upon a serious study of the economy and not rely upon the transient attention of those who never inquire about your past advice.

Big A, Your trading programs show one how to increase their account with more dollars. However, if the dollar becomes devalued with the inflation of the FED and its printing press, what have we gained? Don't you have a better way to increase wealth?

Thanks.
I've watched a few of your free vidios and they have helped me tremendously in my ETF and stock trading. I've also forwarded some of your emails to a few of my friends.
Thanks
Paul

The OWS complaints are ones we all share (Corrupt /Disfunctional Government, financial manipulation, etc.) but SOME PROPOSED REMEDIES are more destructive than curative, a prime example being the proposed FINANCIAL TRANSACTION ("Robin Hood")TAX, which would NOT affect its alledged targets of HFT trading, etc., rather being PASSED THRU to US by Pensions, Insurance Cos., etc. while HFTers just crank up volume/speed to compensate for tax expense! Meanwhile, INDIVIDUAL TRADERS get squarely hit as collateral damage, one more obstacle in an already hostile environment (Market Volatility ,MF GLOBAL response fiasco)! I know you already have an excellent accountant(GREAT Webinar!), but if you would search on "Robert Green CPA" or "Traders Advocacy"-He is trying to organize us traders to fight this ill-conceived attack on our livelihoods, masquerading as a reform. He has written a spot in Forbes as a commentor, and I am trying to spread the word, and if you agree, your efforts would be welcome and appreciated. Thanks!(And Thanks! for the webinar and your other offerings)!

I think the issue is not the 99%, but the 1%. The 99% are trying to tell us something about the 1% which helped crash the economy.

Demonstrations in general are not pretty. They are usually disorganized and make a lot of people mad.

But I can think of no large demonstrations with legs that were not successful in bringing about just change.

I can list a few: End of the Vietnam fiasco in the 1960s, Civil Rights in the 1950s, womens' suffrage, Arab spring, Tianamen Square, etc.

I am proud to say my generation, the baby boomers, were successful in finally ending the vietnam slaughter of American soldiers. The end of that slaughter (54,000 American men and women) was hastened by so-called hippies.

Perhaps the the whiney messages I am reading here are written by supporters of that 1%.

Occupy Wall Street is vertical movement not a horizontal movement. I hope that a new party emerges out of this.
We have a 9% approval rating for congress. They are bought and paid for and do not have the publics interest at heart. Lobbyist are running the country. Many corporations pay no taxes at all if you are willing to research this aka lobbyist at work. We need a fair trade policy and not a free trade policy. Congress just added 3 more countries for free trade and turned down more policeman, fireman, and teachers for no cost to the 99% of American tax payers. After a meltdowm in the banking mortgage industry and $40 trillion derivatives market blow up, the banks still want to be more unregulated.

OWS might need a bath but the name calling by the so called Crist Followers is much more sickening.

There's always another side of the story and I'm sure they have their version. If only more topics could be like your services...the truth is in the proof!!!!!
Keep up the great work Dan and crew!!!

I agree with Gordon. The Occupy Wall Street have no real common organization. They should make a common democratical party with a real political organisation in order to be heard properly.

Anyway, i think they are in a way absolutely right. Year after year the US (and also Europe) is being reigned by debt, blind consumption and capitalists. It's amazing how this all is embedded in our culture. Some people just can't think in an other way than this.

It's also amazing to see how a lot of people keep on thinking that things like socialism equals communism and that kind of stupid stereotypes.

If you want to read some books, you should read: Zizec Slavoj or if you want to get shocked by what real capitalists did, perhaps Michael Lewis.

Greetz
Michel

Occupy is a bigger "thing" than many people give it credit for. It's about the unbridled corruption and cronyism at every level of politics. The financial system that is continually exploited by the banksters. Shall we throw in lobbyists and what can be "bought"? These are the true thugs and criminals. It's about people (not sheeple)getting fed up and saying enough is enough. I believe most of the people out there doing the protesting would love to have a job. How many people are unemployed in this country? The jobs aren't there. Education is great but look up some numbers on higher education and see how well those institutions have been doing financially. It's almost like a scam. They keep jacking up the tuition and people will pay because without that education they feel they'll be left behind. Well, now they're not only left behind but with that big bill too...for many years. The biggest players have the game rigged to take from the middle class in order to maintain the status quo.
The mortgage crisis: the lenders knew or should have known exactly what they were doing when they lent beyond ratios that were acceptable lending practices. Hello...these are the "smart" people. Believe me when I tell you that they knew housing was in a bubble too. Why did they do it then? Maybe to chase that .25% point extra in fees or to keep the machine flowing to get that bonus? In any case, the too big to fail got bailed out with your money, people. Now that there is absolutely no accountability, they'll take aim at bigger targets (read europe). Yessir, it's capitalism on the way up and socialism on the way down. Have you heard of MF Global? Think your money is safe at your financial institution/brokerage? Go read about re-hypothecation and the implications there. They skirt the rules and ratchet up the leverage. Do you know what leverage gone wrong can do? Read the fine print because if they lose the clients funds it will be perfectly legal I suppose, even if those funds shouldn't be commingled. One last thing. Beware inflation: the silent thief.

In scanning over many of the comments, one can see that many writing these scathing words just don't get it. There are the ususual accusations of socialist and communist used by the media and the 1% to discredit others. Many of those hurling these accusations don't know the real meaning of the words they're using. Obama, who is probably quite far from being a socialist or communist, is being called one also.
One writer complains that his health care premiums have risen because of Obama's health plan, which has not even gone into effect as yet, except for a few rules such as keeping children on their parent's policy for a longer time and prohibiting selection based on pre-existing conditions.

Most of the people in the Occupy groups are earnestly seeking jobs or the return of homes that were foreclosed illegally. To tar them all as unwashed or tattooed is like saying every Wall Streeter owns three Ferraris. The truth is that the real income of management and the wealthy has ballooned at a rate many times higher than that of the middle class.
They are seeking justice in our corporate-run economic system. A corporate-run system that is using all of those who think they're smart and ally themselves with the 1%.
Goals will be made clearer when the time is right.

The Occupy Wall Sreet have no common theme or sense of organization. When you strip away the phony exterior, they are nothing more than a gaggle of thugs.

The Occupy movement is one that has no clear cut goals and little organization. Another problem with the group stems from the fact that they have been subject to outside rabble who have joined the group for no other reason than to raise he-double hockey sticks. Rape and other attacks have occurred within various Occupy camps proving that a dangerous element is embedded with the Occupy movement. This movement will die out as the Occupy movement has very little idea as to what the problems really are, let alone how to zero in on solutions.

What do you think of Occupy Wall Street? I think most of them probably are making more on unemployment than working. If unemployment payed minimum wage the tax payers would not be supporting so many. There are some valid points made about the big banks who make money off our tax dollars. But for the most part, work hard and learn from your mistakes. The rest takes care of itself.

My opinion about Occupy Wall Sreet is that it is very sad to see so many misguided people protesting capitalism and apparently wanting to impose socialism/communism. They seem to be oblivious to the facts that socialism has never been successful in any country, it has been responsible for over 100 million people being murdered trying to make it work, and socialist mentality of politicians in Europe has brought the organization to a state of collapse. However it is a perfect microcosm of the Democrat Party.

A few socialist that want more for doing nothing more. Granted our system isn't perfect but it's still the best in the world with more freedom & opportunity than anywhere on the planet. National unemployment is at 9% the best we are ever at is about 5% so really 4% is pretty good, and MANY don't want or won't take a job if one is offered taking those free unemployment checks so they can "occupy" and ask for more. If you want more create a business and be the one that you think has a bigger voice try leading by example, unless you are afraid you will be or are the corrupt one. the only little voice is the quiet little voices in your own mind.

By the way, who really took wall street for a free ride? Every person from main street that bought more house than they could afford never read the loan doc's, lied or took a loan with no doc's for a reason and used those pieces of real estate as ATM's to buy stuff they couldn't afford to pay for.

Occupy does not represent the 99%!

Just had this article sent to me and I could not explain my feelings any better than this.Article by Marybeth Hicks

Call it an occupational hazard , but I can not look at the Occupy Wall Street protesters without thinking,"Who parented these people?"
As a culture columnist,I've commented on the social and political ramifications of the "movement"-now known as "OWS"-whose fairyland agenda can be summarized by one of their placards:"Everything for everybody."
Thanks to their pipe-dream platform,It's clear there are people with serious designs on "transformal" change in America who are using the protesters like bedsprings in a brothel.
Yet,it'snot my role as a commentator that prompts my parenting guestion,but rather the fact that I amthe mother of four teens and young adults. There are some crucial life lessons that the protesters'moms clearly have not passed along.
Here then, are five things the OWS protesters'mothers should have taught their childern but obviously did not,so I will:
*LIFE IS NOT FAIR.The concept of justice-that everone should be treated fairly-is a worthy and worthwhile moral imperative on which our nation was founded. But,justice and economic equality are not the same. Or, as Mick Jagger said,"You can't always get what you want."
No matter how hard you try to "Level the playing field,"some people have better luck,skills talents or connections that land them in better places.Some seem to have all the advantages in life but squander them,others play the modest hand they are dealt and make up the difference in hard work and perseverance,and some find jobs on Wall Street and eventually buy houses in the Hamptons.Is it fair?Stupid question.
*NOTHING IS FREE." Protesting with signs that seek"free"college degrees and"free"health care make you look like idiots,because colleges and hospitols don't operate on rainbows and sunshine.There is no magic money machine to tap for your meandering educational careers and "slow paths"to adulthood,and the 53 percent of taxpaying Americansowe you neither a degree nor an anual physical.
While I'm pointing out this obvious fact,here are a few other things that are not free:overtime for police officers and municipal workers,trash hauling,repairs to fixtures and property,condoms,Band-Aids and the food that inexplicably appears on the tables in your makeshift protest kitchens.Real people with real dollars are underwriting your civic temper tantrum.
*YOUR WORD IS YOUR BOND.When you demonstrate to eliminate student loan debt,you are advocating precisely the lack of integrity you decry in others. Loans are made based on solemn promises to repay them.No one forces you to borrow money;you are free to chose educational pursuits that don't require loans.or to seek technical or vocational training that allows you to support yourself and your ongoing educational goals.Also,for the record,being a college student is not a state of victimization.It's a privilege that billions of young people around the globe would die for-literally.
*A PROTEST IS NOT A PARTY.On saturday in NEW YORK, while making a mad dash from my cab to the door of my hotel to avoid you , I saw what isn't evident in the news reel footage of your demonstrations;Most of you are doing this only for attention and fun.Serious people in a sober pursuit of social and political change don't dance jigs down Sixth Avenue like attendees of a Renaissance festival.You look foolish,you smell gross,you are clearly high,and you don't seem to realize that all around you are people who deem you irrelevant.
*THERE ARE REASONS YOU HAVE NOT FOUND JOBS.The truth?Your tattooed necks,gauged ears,facial piercings and dirty dreadlocks are off- putting.Nonconformity for the sake of nonconformity isn't a virtue.Occupy reality:Only 4 percent of college graduates are out of work. If you are among that 4 percent,find a mirror and face the problem.It's not them.It's you.
Big A requested our comments on Occupy Wall Street. This article defines my feelings to a tee,hope you liked.TOM B

As far as the occupy wallstreet movement is concerned , as they say in the old country Fu** 'Em . Let the commie bastar** take a bath , look for a job, and stop using illegal drugs!

OWS has become an anarchistic rebellion. Composed of far left sociopaths, economic and educational failures. They have no real agenda except to ''gather'' like sheep in droves who have lost their way. The ony goal in sight is the destruction of sound fundamental U. S. beliefs founded by our constitutional fathers and if need be world wide capatalism. They'd like to consider themselves as a kin to the Tea Party movement of recent vintage. They more resemble Naziism and it's far from center socilaiastic fascism. The main difference is Nazis bathed, occasionally.
Their premise is based on ignorance, racial bigotry promulgated by antisemitism as well a clear treasonble and blatant anti-Americanism. They're even anti-Canadian. A truly sad manifestaion of occult and passive terrorism. Their theme: "We don't know how to attain (it) success. Why should anyone else"

With regards to your question about Occupy Wall Street I think it is pretty much nailed by Dave Ramsey'

"I'm mad as hell, and I'm not going to take it anymore!" Yeah, that's great. But what do you want? What are your goals? What are your demands? What result are you looking for?

The beauty of being vague is that anyone who has any emotion can get caught up in the excitement and join your crusade. They'll just get mad at something and assume that you're both mad about the same thing. Put a few hundred of these people together, and boom. You've got a crowd, a headline and a lot of attention … but no message.

A lot of people on Twitter are saying I totally agree with the Occupy Wall Street (OWS) demands and goals. The only problem is that I have no idea what their demands and goals are. And neither does anyone else. If all you ever do is stomp around, yell and hold up signs protesting a million different things, sure you'll get some attention, but over time, you'll just look foolish. You end up coming across like a three-year-old having a temper tantrum.

This is what's happening to the OWS movement. They're being discredited because no one has stepped forward and really stated what it is they're after. The whole group is coming across like a bunch of jacked-up, jobless, wannabe hippies. That's not going to change anything in this country. You've got to state your goals clearly if you want to accomplish something.

So in the absence of any clear goals, let me comment and offer some helpful advice in some areas that seem to be getting a lot of disorganized OWS attention.

"No Government Bailouts!"

Banks and big companies should not receive taxpayer money for a bailout while their CEOs are making hundreds of millions of dollars. If that's your gripe, then you're protesting in the wrong location. Pack up and head to Washington, D.C., to deliver your message to the current administration. Don't get me wrong—I totally support a company's freedom to pay their leaders well. I just don't believe that I, as a taxpayer, should subsidize those huge salaries in the form of taxpayer bailouts. I pay my own team members; I don't need to pay everyone else's too.

By the way, you may be shocked to learn that the Tea Party agrees with you on this one—and so do I.

"Down With Corporate Greed!"

Gordon Gekko was wrong. Greed is not good. Greed is bad—very bad. It's a spiritual disease, and it is a disease that sadly affects a lot of companies across the country. If you believe a specific company is acting purely out of greed, then don't just get mad—do something. Point out where and how they're greedy and let the world know. Stop doing business with them. If enough people listen to you, the company will get the message because you'll hit them where it hurts: the bottom line. If they don't get their act together, then they'll go out of business and another business will take their place.

But if you're saying that all businesses are greedy and that capitalism itself is evil and ineffective, then I'm sorry—you're just being stupid. You're being misled and misinformed by some of the louder voices around you. Are you wearing clothes? Have you eaten any food lately? Do you have an iPhone in your pocket to check in with Twitter and Facebook while you're out marching around? Good. All of those products and services are brought to you by quality companies dedicated to serving you well in a capitalistic system that works just fine.

"Wall Street Is Evil!"

If you have this painted on a sign, well, now you just look ignorant. Wall Street is a street that people drive on. The New York Stock Exchange is a building where people exchange stocks in New York. This is the flea market of the financial world. Don't turn Wall Street into some terrible monster attacking American citizens. It's just a road with some buildings on it.

But here's what happens. Sometimes when people don't understand something, they start to fear it. And as the fear grows, it turns into anger. But just because you don't understand something, you shouldn't see it as bad or frightening or a conspiracy. You should just think of it as an opportunity to learn something new—something that could actually be a blessing to you.

For example, imagine a group of natives out in the jungle in the farthest part of the world. I mean, picture a group of people who have never seen anyone outside of their tribe and have certainly never seen any kind of machine. What would they think if they saw a Red Cross helicopter land near them? And what would they think of the strange-looking men and women who jump out of the chopper and start walking toward them? They'd be freaked out! They wouldn't know or care if the Red Cross was there to help them with food or medicine. They'd think it was the end of the world or something because their minds would be totally blown!

I hate to say it, but a lot of OWS protestors are just about as uninformed as those jungle natives when it comes to how the American financial system works. A road and an office building. That's Wall Street.

"Wealth Redistribution Is the Answer!"

I've heard a lot about wealth redistribution over the past few years, and I'm sure you've heard it too. Call it whatever you want, but this is how it usually sounds to most Americans: "We are the 99% of Americans who don't have as much as the 1%, so we're mad and think the government should take their wealth and property away so that we can have a piece of it. Wealth inequality is a moral breakdown! We should all spread the money around so everyone gets a fair share!"

I have my toughest critique for those who believe this: You are a thief. When someone takes my money and gives me no say in the matter, that's called theft—whether they're using a gun or the government. At the core of this demand is envy. And that's not the same as jealousy. Jealousy just says, "I want what you have." Envy is a different beast. Envy says, "I don't think I can ever have what you have, so you shouldn't have it either." Decades of horrible economic teaching and the politics of envy have kept this monster alive and growing and moving forward.

This way of thinking makes you assume that all rich people are evil and have scammed their way into wealth. That may be true in the tale of Robin Hood, but I choose to live in the real world. Sure, there are some scoundrels, but the vast majority of successful men and women got that way by working hard and serving people—lots of people. Steve Jobs and Bill Gates changed the world in ways we're just now starting to realize. Their positive impact on the world has helped all of us live better lives, and they made fortunes for themselves by doing so. Why is it that you're holy if you help one person but evil if you help a million? That's just stupid.

A good friend of mine is a country music legend. He's made a bazillion dollars over his career, and he just bought a $400,000 car. He's worked like a crazy person his whole life, spending decades in tour buses, writing songs in the middle of the night, and entertaining enormous crowds of cheering fans. He paid a price to get there, and I'm happy for his success. Would it be right for me to walk into his house and demand my "fair share" of his wealth? Heck no! I'm a terrible singer! I didn't do one thing to contribute to his success, so why would I be entitled to a share of his wealth? He's given me years of entertainment through his music. That's my fair share of his hard work.

My problems aren't his fault. And my problems aren't McDonald's fault or Home Depot's fault or Walmart's fault, either. My problems are my fault! And the more people these companies serve, the more money they make—and that's none of my business! If you don't like McDonald's, then here's an idea: Don't eat there. But don't walk into the restaurant and demand a portion of their proceeds for the day.

When you scream, "I'm in the 99%!" you just look like a whiner. Those of us willing to pay the price to win look at you and shrug. Heck, when it comes to the music business, I'm in the 99% myself! But that doesn't mean I have to tear Toby Keith, Brad Paisley or even Kanye down. Oh, and a special note just for Kanye: Capitalism has been pretty good to you. I celebrate your success, but you look a little hypocritical protesting capitalism while wearing a $50,000 watch.

Celebrate the Land of Opportunity

This is the greatest country on the planet, but even here, you're not guaranteed wealth, talent, fame, a full head of hair or six-pack abs. Those things are not in the Constitution. You are, however, guaranteed the freedom to make your life what you want it to be. And when you do that, when you build your life around your dreams and passions and hard work, you're guaranteed the right to keep it. No one has the right to take it away from you.

So to summarize, I'm not very impressed at the moment. I'm not impressed by your temper fit. I'm not impressed at your lack of goals and focus. I'm not impressed by the fact that the only thing I see about your movement is ignorance, immaturity and envy. Grow up—and get a job.

Yes, there are jobs out there. There are jobs out there that haven't even been invented yet. Go create the next Facebook or Weed Eater. Go pick up so much dog poop that you can start your own fertilizer company. And stop complaining that companies are TOO RICH while also complaining that they aren't RICH ENOUGH to hire you! I've seen a lot of you guys. I wouldn't hire you, either. But if you take all of that energy and excitement and pour it into something new and creative, you'll get the chance to serve a whole lot of people really well, and over a decade or two, you'll get to become the very thing you're now protesting: rich people who actually earned their money.

I do not think they are helping anyone. They are definatly not helping the Tax payers spraking of which I do not believe any of them pay taxes at all. I would sure like a list of the people that are supporting Occupy Wall Street.

The groups are being set up by someone or even being paid I attended all of the teaparty gatherings in Washington and there was only honerable people there at our own expence because we love our free country. It is easy to see there is no love of country or freedom or liberty in these occupy groups the people by and large want a free lunch and everything else free. If they could look at other countries there is nothing free. this will cost us all dearly.

The English language is a good medium for protest. But the physical body is best utilzed by actually being of service to someone instead of being protected by police...and pretending to be a victim of others.

Here in the U.S. many of us adhere to conservative principles
such as providing for one's self, being independent, and wishing that government would stay out of our lives. A government run health care system is another way for the government to interfere in the lives of American citizens.
My insurance premiums have risen dramatically before OBama care
was enacted and they have been increasing after the bill became law. Most Americans desire health care premiums that are
affordable and that is not government run. If somebody who is sick, and cannot afford healthcare, then government may
have the right to step in, and provide assistance. Occupy Wall Street organization may have some points. Primarily, the economy is not working to provide one with a descent paying job. However, the violence and level of incivility
has lost the message. I have sympathy for somebody who cannot get a job, but unless you choose to work for yourself,
you have to work your way up the ladder. I do believe that lower paying jobs are available in our economy, but they are not enough to pay the bills. Lastly, I also believe that
Occupy Wall Street is sending out a message of socialism.
As with the case of the former Soviet Union, Socialism is a proven failure. Like Newt Gingrich says, "take a bath and get a job".

The financial industry will never do the decent, ethical thing without extreme pressure from outside. In that respect i think occupy is helping to keep the pressure alive.

I'm the only member of my family that has never belonged to a union. It kept the conversation around the kitchen table interesting for years. Especially since several were labor organizers.

But in spite of this, or because - take your choice- I have always understood the value and need for unions in our country. Which makes the relationship of unions to the Occupy Wall Street Movement and other political unrest around the country, troubling. Union money and foot soldiers are being used for what? Not for the benefit of their members but for the current political administration and its radical supporters. In fact, current demonstrations   are primarily exercises for the mob and class warfare which is intended to disrupt the party conventions in 2012 and make many November Election Polls free fire zones. The MLK riots and the riots during the 1968 Democratic convention will fade in comparison.Obama cannot win a purely political fight and is willing to try to send the elections to the courts.

A book that I have been reading lately "Extraordinary Popular Delusions and the Madness of Crowds" has proved timely in regards to our current political, financial and social climate. It was originally published in 1841 by Charles McKay but it belongs up there on the shelf with "Language in Thought and Action" which was I believe was published during the late 1930s .

OWS is a mild reaction so far, to what its participants primarily but wrongly attribute to the failure of capitalism.
Undoubtedly there are variable views across the breadth of a poorly focused display of anger at Wall St. & Congress BY THE DISENFRANCHISED
Unfortunately, the problem is not CAPITALISM per se, but rather CORRUPTION plain and simple ; the greed & corruption in particular surrounding the finance sector and its tentacles , which unfortunately is the most readily obvious 'face of capitalism'

Some people will always behave badly, even corruptly, if given the incentive and absence of effective censure.
It is the failure of Governments , oppositions ,regulators and enforcers over a long boom of 30 years that have eroded the honesty of ordinary citizens to the point that, although perhaps only COMMITING 'crimes'of minor degree, such as tax and fare evasion for example, that they dare not point the finger, for fear of RETRIBUTION FROM A CAPTIVE COLLUSIVE MEDIA &/OR CORRUPT OFFICIALDOM. Others would prefer to pretend not to know
Dense economists don't understand that the markets lead & the economy follows ...not the opposite. And Sentiment drives the market
Hence the Depression, already underway and about to enter its most rapidly accelerating phase .
The Euro leaders are making the noises that should have been implemented before the European Union came into effect. Not when all the horses have not only bolted but mocked as the last whinneys are emerging from the knackery as the gluey mess boils over.
Sorry,but what's coming is truly frightening and will be painful like never before , especially for the masses, but severely uncomfortable for the visibly well off also, as civil society is uncivilly unwound .
Anyone with a couple of connecting neurones that has read anything of Bob Prechters knew this was coming 30 years ago. Knowing does not equate to converting profitably as a trader, as forecasting and trading are entirely distnctly different skills , while sharing certain common elements and attributes.
We need some really wise ,successful and trusted persons to give us leadership and a revised political system as the current one has failed dismally, is about to send us to hell in a hand basket & that our present leaders don't understand nor have the mettle to address it, if they do .

At present, only the obstetrician in congress has the capacity to save the baby and discharge the bath water but ........who's listening. ?

Cash is King . Be safe first . But remember who came out of '29 LOOKING REALLY GOOD .
DEFLATION ROLLS IN BIG-TIME AND CREDIT EVAPORATES. Inflation.....they must be dreaming!

So, all you OWS people , get ready to dig your way, our way ,out of the biggest global hole in history and remember Pearl Harbour, Nazism and the Gulag... because its going to take some smart , courageous and tough bastards to lead us out of this catastrophe.
The HOMEGROWN Nazi bastards in our own communities are already out and about or hasn't anyone noticed
I have, and I live in the land of oz, possibly the fairest country on earth. But our monkeys spoiled the kids, & forgot about discipline. We didn't get hit so hard economically because our corrupters were a yard or two behind the yanks in giving out loans to morons by idiots, and others were prepared to pay us heaps to play in our sandpit. Stabbings and bashings have become de riguer and the financial crisis has not even begun
WHO WOULD HAVE DREAMED THAT THE RUSKI'S WHO LOST SOME 6 MILLION TO NAZISM IN WW2 COULD NOW BE DROWNING IN THEIR OWN

So, TO THE OWS's....PULL YOUR FINGERS OUT , GET REAL AND recognise the enemy .....lazy, undisciplined, collective US and our outdated corrupted governance system.

Its time to take our medicine .

Cheers Big A
Looking forward to meeting up NY IN JANUARY

JOHN BIRCH
AUSTRALIA

How times have changed. In 1969 I participated in the free speech/antiwar movement in Berkeley CA. We went home after every demonstration. Units of the National Guard were those who camped out a few blocks away. They set up a 50 caliber machine gun implacement on one of the three story buildings on Telegraph Avenue. I had to show my ID (by the Guard) to be allowed to get my apartment, in an attempt to limit demonstrators. In at least one occasion bus loads of demonstrators spent the night face down on a cold hard floor in jail, waiting for the court to open. Some of the leaders of that movement went on to work on Wall Street.

I do not think much of a group funded by Unions, move-on.org and other Far Left organs. The Left media including (?)news units are doing the expected as are local governments.
To be honest, I do not pay any attention other than the delete key.That being more than they rate.

The WH is behind Occupy Wall Street.
It's a setup for marshal law.
Legislation is in the works to allow the Army to detain Americans without a trial.
It's a sad day when this stuff starts happening.
It's time to think about a second passport.

Re Occupy Wall Street protesters: I believe Americans have the right to protest so long as they do it without tramplng on the rights of others. OWS in NY has degenerated into an unorganized group of misfits, without a clear mission, who think nothing of leaving debris all over the place, using neighboring businesses for their toilets and nothing else, and refusing to give it up and move on with their lives. I think it inexcusable that the police sprayed papper spray directly into the faces of peaceful protesters in another city, but municipalites were caught with their pants down without a clear response strategy for protesters who have extended their stay for several months.

I am not abreast to the particulars of this takeover but it seems crazy to me.
However, I am in the process of saving for the ETF course(99%) and also option for income to be used in conjuction in my trading account. In the meantime, I am going over your free videos and insightful articles.

The occupy movement is an enclave of decency and fairness will fail because the values that dominate America remain primitively, erroneously, individualistic. Those values ceate a system that gives pay offs in the $100millions to bosses of failed financial institutions (Countrywide, Lehman,Bear Sterns, AIG)- yet refuses to raise taxes to raise the standard of living of most of its inhabitants to 1st world levels. Just back from trip to NY, the self-styled capital of the world economy and financial innovation. The infrasture is 2nd world, the roads crumbling, the so called "express" commuter train from manhattan to connecticut, carrying the rich to and from the centre of the economic universe, was ancient and filthy, a condition inconceivable in France, Germany, Sweden,Japan,Denmark, Norway, even the UK. The health system is riven with class division, driven entirely by the profit needs of private health business. Thre'smuch I love about the US. It's the land of the free the home of the brave - but get on the subway in NY and the first thing you meet as you buy a ticket is a list of prohibited acts. Home of the brave? Whats so brave about killing afghan wedding parties with unmanned drones? The Bill of Rights guarantees equality before the law to all people, the Declaration of Independence affirms the equality of all people, yet it is only muslims who are executed by the summary judement of the unmanned drone.The occupy wall street movement is a movement for justice, a civilising movement to bring the US into the moral and economic 1st world, which recognises that no person can do any act which renders them deserving of 90% of the worlds resources - those resources represented by money wealth. Wage caps and higher more progressive taxation can fix your monetary economy and rebalance your moral economy toward justice. Support the occupy movement.

Occupy Wall Street is a good idea for drawing attention to elements that need to be corrected. But it stops there. It does not attempt to provide a well thought out solution to the problem(s) it is pointing out. Ultimately, the same age-old problem plagues this movement: armchair politics. I will give them credit though for being out there instead of protesting in their own living rooms! Unless there is a massive united public front with a common sense solution, there may not be a point to these protests.

About the "Occupy Wall Street" activity.........mmmmh!

The "Occupy an Abandoned (and deteriorating) Home" would seem
to be a more focused and obvious movement for addressing the
current state of social decay.

Your email asked me about what I thought about occupy wall street. In general, I support the aims of the movement: a more equitable distribution of the wealth created by our societies. There are too many examples of the bonuses paid to corporate insiders at the same time the controlled media is decrying the lack of a central message from the occupy movement. In Canada, we are drifting away from the small-l liberal course that made the country a fairly decent place to live, and seem to be charting a course which would make George W Bush proud. From an investment perspective, I tend to favour investments with a triple bottom line which includes: reducing environmental footprints, promoting green technology, and industrial accountability. Unfortunately, that ethical approach in the market is not very well-rewarded at this time. I am saving like mad in my 50s after a couple of divorces, and hoping that I won't be eating out of dumpsters after I retire.

Re the "Occupy" Movement: It's a reaction to difficult economic times. If there were more decent jobs available and people weren't losing their homes, I doubt that you'd see a movement like this.

I liked occupy Wall Street when it was first started because I was in the same situation with not being able to finish or pay for school. But now it seems it turned into a bunch of homeless people trying to get attention. They should have stuck to the original propaganda.

Most of the OWS folks I spoke with said they were protesting Corporate Greed, which translates into: “Give Us your Money!!!”

First Occupy Wall Street. I've been a financial professional for over 30 years in the insurance industry An actuary to be precise. The occupiers I think lost sight of whatever focus they may have had and I think have become something of an annoyance. That said, if I was in a position to do so, I would indict just about every senior executive and fund manager in any bank or other financial institution for criminal negligence. They have too much experience and too many PhDs and to not know they were putting together products with no economic value. It was just a way to get fees and anyone with half a brain and used it had to know housing prices couldn't keep going up. Once I saw Bear Stearns fail I took everything I had out of equities and put it into cash. If I was more aggressive, I could have shorted the market. I also think every dime those guys made since 2002 or maybe before should be given to charity. I also think many in congress should be in jail and anyone making over say $100,000 a year should just take their lumps if they bought a house they couldn't afford. I do have sympathy for those less affluent people who saw a chance to have a house and got tricked. However, in the end, like Pogo said, "we have met the enemy and it is us." We keep putting the clowns back into office and are too selfish to understand many have lived way beyond their means and its time to pay the piper.

I would like to get info and insights from you. I have learned a way to trade the e-mini S&P for short term income. Now I need a good longer term investment strategy for the earnings. I am about to start a new full time position in a start up health care company and stay for a few years until we sell it so I'll then sort of retire and would like to over the next several years put excess earnings into some good places. I like ETFs for some things and need to learn more.

Thanks

Allan Gold

It's amazing it has taken so long for people to hit the streets. Every piece of legislation has cash to influence it. The people have lost their representation to the wealthy. Supply side, trickle down economics is just so much fantasy created by the wealthy for the wealthy. The system has been gamed and we deal with a plutocracy. Corporations are not people and money is not speech. When these things are overturned the government will represent the people and the good of the nation once again.

Its time to move forward....those protesting, might be better served looking for a job vice sitting in a park.
Question for those who back this movement: The Occupy movement are against Bank CEO hmmmmm i have yet to see or hear any of the Occupy movements PROTEST The U S Government approving BONUSES for Fannie and Freddie Mac.
Time to Move forward. If this Movement was more then a planned political distraction they would protest against the Government Policies that allow the BONUSES to organizations such as Fannie and Freddie Mac. Once against time to move forward. The Movement is nothing more then a Planned Political Distraction.

Concerning Oc W St., In 1930's there wasn't much work either. Only with the onslaught of WW2 did work materialize including outside work for women.After 1945 businesses figured if the two spouses were working, prices could be raised for greater profit.So candy bars got smaller and the price went up, movies that cost 13 cents in the 30's and early 40's went to .25, .50,1.00 etc. Gas in the 50's and early 60's went from 11 cents a gallon to 24-34 cents ad infinitum. Back then people helped people. Today it's every man for himself and money is the object. there isn't any balance in life. Some of those people have a legitimate gripe, some just have too much time on their hands and want to belong to something. Though Wall st. owes them nothing. In the early 60's some of the leading captains of industry gathered around a thought table and came up with the idea that if we had a global economy with countries investing in one another that would stop wars because each one would have a vested interest in another. well, the down side is a gradual lowering of standards in the developed areas and a raising of these standards in the under developed areas. We can't compete easily with China unless we are willing to work for 1/2 a bowl of rice, college grads working for McDonalds wages have realized that. Being born and raised in DC I've seen a vast change, especially in the quality of governance.

These people are like puppets on a string being manipulated by puppet masters behind the scenes. They are idiots with too much time on their hands. They should be picketing the FED.

Regarding the OWS movement, I'm completely sympathetic to their frustration. The US economy was raped by greedy SOB's and the tax payers are paying to bail out the firms that created the mess. I can't believe that no one has been thrown in prison for what they did. That being said, the OWS seem amateurish and could use a lot more cohesiveness of message. It would help if they could identify positive changes they want to manifest.

I think it's essentially a rally by a few people that is only really noticed by the people and businesses in New York, whom they have annoyed, as well as by the media. I think no one else in America, or the world for that matter, cares. I think they will have no effect on any policy or popular opinion. The reason why I think they have no effect is because America is not a third world country. I believe that these individuals only have influence in that type of a country. These individuals are only annoying.
But, again, outside of New York, no one cares.

What was the point? Should have camped out in front of congress, they are the ones allowed to do insider trading, no term limits, bridges to no where, unlimited spending with NO accountability!

Those people are clueless.

My opinion of Occupy. The herd has reached the "Point of Recognition" We've been screwed by the people who are really getting welfare. Please google "How Wall Street Occupied America" The jig is up. VIVA Occupy.

Misguided and unfocused Ocupy Wall Street.

Mostly pathetic losers was the ultimate impression.
A few serious socialists and Union folks trying to manipulate
it into something begond pathetic.

Occupy Wall Street. Seems to me to be a disjointed effort by a lot of people without any focus. Too bad the energy is misspent.

What do I think of Occupy Wall Street?
I think there are a group of young people who are worried about their future. They might be misdirected, and they might do better if they were to work within mainstream business, but they are idealistic and naive. There is also a group of union rabble rousers who want more and more without concerning themselves with the consequences. There are also the druggies, down and outers, uneducated, and dregs of society who see this as an oppurtunity to get fed, taken care of and just enjoy the comraderie. And lastly, there are the haters of democracy and capitilism who want to overthrow our government and create a socialist society. They are revolutionaries and are dangerous to society.
I don't think much of any of these groups. They are not contributing much to our society and are all looking for 'whats in it for me."I see them as opportunistic and lazy. It takes gumption and energy to make your way in a society such as ours. These people seem to want things handed to them. To me, they are un American.

The Goverment of any country is a expence If the country buys more from the world than it sells the country will go broke

I still have no idea what they are really protesting. If they are protesting the fact that some people are making money off of others, why aren't they sitting on the door step of most of Hollywood or professional athletes or the team coaches for college teams? The participants of OWS are costing the average person more in taxes just to clean up after them. And who do they think is doing the clean up?? Someone who works for a living who didn't sign up to mop up filth, having to wear a hasmat suit to do it. It's sad while they sit on their ipads, and iphones they denegrate the very society that made that all possible. But who am I? I'm just a poor schmo who has worked since I was 10. I learned that if you don't work you don't get paid and if you don't get paid, you don't eat and you don't get the things you want.

The Occupy movement is just a bunch of sheep doing what they're told to do by George Soros. Spoiled kids that have never had to work for anything their whole lives and want everything given to them.

I think trying to get the attention of Congress of the plight of the American working family is a good thing. (of course Congressional votes have been bought and paid for by special interests)and Congress will ignore these citizen protests. I also hope the movement is not corrupted by the crazyies.

if you vote you approve of the system

Isn't it sad that a country as great as ours once was has to undergo a second (violent) revolution? The first one was about the greed of the English monarchy. This one is homegrown about the greed of the present (moneyed) ruling class.

Since you asked our opinions about Occupy Wall Street, here's mine: Protesting Wall Street and not Congress is like protesting Bonnie and not Clyde.

Occupy Wall Street to me is merely a distraction, stirring up a lot of emotion but offering nothing in terms of real solutions to supposed problems. The Status Quo Powers That Be are not afraid of such "grass-roots" protests that provide plenty of drama and noise but that is all it is...noise. Want to change things? Whatever your own political views, start with yourself. Change your own heart then those around you and let it go to wherever it will take from there. In the meantime, live your own life in the way that you know is right.

I am a Canadian and only observe O.W.S. from a distance. However, I think there is real reason for the vast majority of Americans to be totally mad at the financial system and gov't. bailouts at the expense of the increasingly poorer middle classes.

When you see some one on the line at Wall Street you are looking at someone who has no idea who is the problem. Congress and the White house are in control, they gave wall street the money & should of let our bankrupt laws taken care of the problem. Let our old proven government laws work. Capitalism works & Socialism don't.

Having some experience in trading the markets I know the position sizing and money management calculator will be extremely useful.
Your comments and methods indicate to me that you place a strong emphasis on trading discipline - a strong reason for taking your courses & sitting up and paying attention!
I am looking forward to beginning your course, Big A.

Roy Rogers was my hero also. Movies that I went to at that time was 10 cents.

It's hard to believe that this could EVER happen in this country! Will everything be censored from this point forward or is this really and truly how it has always been?? Supressing the truth, even if it hurts,doesn't help anybody. Sad days ahead for America...she's not so beautiful anymore!!! What do we look like through the eyes of the world that we have preached freedom to for so long??

You took the words right out of my mouth re "shooting the messenger".
More insanity................

Happy Day Big A!

I could not agree more on your comments regarding the S&P rating CEO getting fired. We need the watchful eye of those who are not politicians, nor scared of their repercussions. Shooting the S&P messenger only strengthens the obvious reasons to retain that type of leadership.

One man can’t change this, but many strong Americans can do so. We’re in trouble, but we’ve been in deeper water before. Everyone has his or her ideas on how to reduce our spending. We have opportunity to cut in so many places without crippling anyone. However, a stimulus for change in our political ecosystem is what I most needed. We do one thing very, very bad, and continue to allow it to escalate annually. We make it profitable to be a politician. Very profitable. It may be hidden and disguised, but it’s none the less there.

I know if we take the financial incentives and advantages away, we’d have more solid American leaders emerge to help us manage our country in a sane and justified way. My first move would be a simple change. If you are a member of the House, Senate, Whitehouse Staff, Lobbyist, or Executive Branch official, you should be mandated to “invest” in America by placing “all your assets” exclusively in US Treasuries. I bet we’d have a turn around, and not have to worry about term limits in the end.

Hat’s off to you and your staff for creating a great set of trading tools. All my accounts are in the Green, just like the United States of America should be.

Trillions put into terms even I can understand.
If a dollar were equal to 1 second in time, (60 per minute)
1 million would be 11.5 days
1 billion would be 31.7 years
1 trillion would be 31,710 years
Think about that for a second.

I'm responding to your e-mail about the state of the economy. I agree with what you say, but I think it's incomplete. You can't really focus on the problem without considering all the facts.

In 2001, we had a balanced budget and a national debt of $6T. Then, we passed 10 years of tax cuts, which immediately unbalanced the budget (by reducing revenue)and has now accumulated to $5T in the national debt. THe national debt is just the accumulation of all the deficits. We also got into the wars without raising taxes to pay for them (another $2T in 10 years) and started Medicare Part D without taxing to pay for it (another $1T in 10 years). That's $8T of deficits since 2001, which has increased the national debt $14T.

So, the economy was trashed because of irresponsible management- failing to keep revenue in balance with spending, or, simply, failing to tax. Would anyone reduce their income when when their budget was balanced or take on major new expenses without increasing their income? THat' just putting it all on the "credit card."

This year, it's more of the same. The same 3 items account for $800B of the $1.4T deficit. Take care of them, and you've cut the deficit by 60% even without cutting any spending. No spending cuts can come close to that. At the same time half of Congress is pledged not to increase taxes under any circumstances. So, what hope is there of dealing with this situation?

One more point. If we had a balanced budget amendment in effect, these three itmes would have to go. In other words, taxes would have to go up a lot for everyone.

The United States has been playing the shell game for years and now it appears to have caught up with all of us. The DOW will fall to around 6500, the dollar will increase in value, and we will find ourselfs in a depression. This is all part of a cycle we need to go through before things get better.

YES, IT IS ONE THE BEST TRADING PRESENTATIONS. THANK YOU!

I like your explanation of the US budgeting problem with the Jones family!

very well described for common people to understand the games being played by politicians to fool people.

As far as government spending is concerned, we are all screwed because neither the left or the right really give a hoot about Joe public. Throw in our current President and all hell breaks loose. As far as the economy is concerned, my sense is that we are definitely exiting the eye of the storm at this point, and we're heading back into the raging hurricane winds of financial, political, and social turmoil. The riots you see in the Middle East and in Europe now are just an indicator of what is ahead, an appetizer and hardly the main course and the smell of decay will soon overpower everything else. So the latest riots in London and Chile, and other outbreaks of chaos around the world are just a warm up. Everybody wants the government to "do something," in the idiotic belief that it can improve things by doing more. Actually it can only help by doing less because the government is the root of all the evil and the perpetrator of the problems to begin with. Inflation is on the rise though the government will have you think otherwise and when higher inflation kicks in all hell will break lose. Right now there is trillions currently sitting in banks rather than circulating. That's partly because people (who are worthy) are afraid to borrow and banks are afraid to lend, but also because the Fed is paying banks interest to keep what are considered to be excess reserves locked up. So these trillions of dollars that were created to bail out the banks and the economy are sitting there, but they're not going to sit there forever. Once those dollars start circulating in the economy, prices will rise rapidly. The other way for prices to really explode would be for the foreigners holding some six or seven trillion hot potato dollars (bonds) to start dumping them. With the U.S. government clearly unable to deal with its debt and the beginning of the credit rating downgrades, which was both inadequate and long overdue, those bond holding foreigners are getting pretty nervous holding dollars. Almost any sort of financial calamity could spook some central bank into exiting its dollar position wholesale. And once one of them starts, the race will be on, because no one is going to want to be left holding the bag. When the bond market collapses, as I think it eventually will by 2013 - 14, that will be the final blow. You got to remember that the bond market is three times the size of the stock market, so a major reversal there will cause enormous damage. So just when you think things are starting to get better, they don’t and get worse instead.
These are two time bombs that are ticking away right now, the trillions of dollars outside the U.S. that could come pouring back in, and the trillions of dollars inside the U.S. that were created to paper over the leading edge of the storm. Either of those things could crush the dollar as we know it, and both may well happen at once. So the markets will tumble once again in the near future and our government behind the scenes undoubtedly will need to subdue the masses and their rising sense of panic. That's bad. The last thing you need or ever want is a panicking public along with a president and dozens of manipulating politicians operating the far reaching power levers of the state because if push does come to shove, history teaches us, the government will not hesitate to clamp down on its subjects by whatever means necessary to preserve itself. But the truth is, when that happens, the result of when the public becomes a more fearful people, more restrictions will become law so the easier they are to control. We've seen this principle at work for decades and especially since years since 9/11. Politicians will continually pass more intrusive laws and the police will forcibly takeaway more liberties concerning our rights. We’re all screwed!!!

You are exactly correct. So, what (or who) is the root cause and what is the solution? We can mostly all agree that this is not sustainable, but how do you correct it? Is Porter Stansbury correct, that this is the end of America as we know it? Or is there a magic bullet that will resolve this issue? Please, provide your idea for a solution.

Joe Lerch is correct. If people want investing, that is NOT what SS was designed for. It was designed for a minimal safety net. FDR never imagined people living in the middle class with it, but using it so they wouldn't end up on the streets out in the cold. However, it is the most fair system in our great nation. You pay in, you get out. Even Bill Gates gets the same payout. You can argue that people like Mr. Gates should pay more into the system, but I disagree. That would be yet another "tax the rich" scheme and I just do not believe in those. If you want better returns, allow SS to buy municipal bonds. As long as states like California and New York continue to spend themselves into deep debt, they will always be paying more than US Treasuries. --NYC_Concerned

Regarding the debt disaster: This problem has been a long time coming. People have been shouting about this for years but few were listening. The American people made a choice in electing and re-electing the lunatics that are currently running the country. In a word, most of the country is screwed. Sorry if the truth hurts.

Howdee Big A,
Always enjoy your wisdom.
Just read your article re.social security... you are right again it is a Govt. Ponzy scheme.
Thanks.

I love your blogs. They are always so informative and shed quite a bit of light onto siturations out there. Thanks for always keeping me well informed.

Great thoughts on the Ponzi scheme. Really something to think about.

I have been a member for 1.5 yrs and have a couple of your products. I really like the 99% system, it taught me your system better then the course or Austin weekend training.

Thanks for the article on Ponzi schemes. All Governments have defrauded their citizens by borrowing money from them and then using inflation and taxation to reduce the effective rate of return to less than zero. If a citizen wants a reasonable rate of return for their investment they need to learn to trade and also to invest in real assets like property and bullion.

Yes, I like your trading tools even though I am not an investor. Once in a while, I might buy but I'm not going to hold on to it more than possibly a month. Being 91, limits long term investments. I have to see an opportunity to realize a short term gain before I buy anything with my limited amount of money.

I enjoyed Roy Rogers throughout my younger years. Earlier, Tom Mix was my favorite. Later on, my interest turned to John Wayne.

HELLO, HAPPY MEMORIAL DAY,IT IS A PITY THAT THIS SACRET HOLIDAY BE USED BY MOST OF THE PEOPLE AS EXCUSE ONLY, FOR DRINK AND EAT WITHOUT REMEMBER OF THE REAL MEANING, WE HAVE FREEDOM AND WELL BEING, THANK GOD AND THE SACRIFICE OF ALLS BRAVES DIEDS, HANDYCAPS AND LOSS ANYWHERE ON THE PLANET..

I am an American scholar who lives in Europe. I just returned from a conference in Bucharest. At the international arrivals and departure area - a beautiful modern building I discovered yesterday it must have been hundreds of young American men and women dressed in battle dress - while I said good luck to many - what I regret is not saying to each and every one - who is on his or her way to Iraq - the most important thing you can do - is come back alive - for the US needs disciplined focused young people like you now as ever before -

Re: Happy Memorial Day. I am a veteran with 16 years in the navy; under, on, and over the water. I served from before Korea to well into Vietnam. I have 150 carrier landings, most of them on the USS Kearsarge (CVS-33). That was long ago, but I still have memories of "counting coup" on friendly and not so friendly submarines. We were not allowed to kill them during the cold war, lest we find ourselves in the middle of a hot war. Times are a changing but not much is new.

If borrowing from the government workers pension fund to keep the spending machine going isn't outrageous look what they are doing in Ireland. Probably coming soon to America.

Irish Bombshell: Government Raids PRIVATE Pensions To Pay For Spending. They are instituting a temporary (ya right!) levy on just the PRIVATE Pensions (read Unions protected) at .6% for only 4 years they say.

This administration is spending $4 Billion more than we take in in receipts EACH AND VERY DAY!!!

This "problem" has been developing for about 60 years. It can be turned around, but it will take time. The Tea Party is the face of this effort. But every community in the country now has a Patriot or Constitutional group. They are doing the heavy lifting. So if you want to find like minded folks in your area and join hands to provide some concerted effort if would be a big help. Check out connect.freedomworks.org. If we can develop 20-25 million active conservatives we can take back our county. That is a large number, but it is not half the population. By active I mean contributing maybe an average of an hour a week. Think about. Good Luck.

Do we care about federal pensions? Of course not, especially as they're geographically concentrated in places Democrats win easily. But we should make it clear that the Executive is now responsible for their triage decisions. I don't think they'll go so far as to default or cut off war funding, which would be instant political suicide.
They will try to do unpalatable things and blame it on the GOP. It is our job to point out that we've reached our credit limit, our bonds are being shorted, downgraded and sold off (by China), and that the administration is not serious enough about that to put forth a budget.
In most years, that would be a losing argument politically. These days, not so much.

What it means is, that in a year or two our private pensions will get raided. They will promise (with a gun to our heads) that we will get 3% return. Isn't that about half of one month's return c/ Big A's system. Simon Black and others have urged moving our money offshore to avoi8d just such a scenario. So if we move it to Singapore, how can we avail ourselves of the TrendTrading system?

Followed your link to the Wash Post article on big Ben.
Whats new? Two political parties concerned only with their POWER, elected members who are only concerned with their Power and re-election. AN electorate that is ,for the most part, uninformed and more disconnected than the '60's who vote for 'themselves' rather than State and Nation. Thank you SO much LBJ!!!!!! As for price increases, how would $7-10 a gallon for regular sound, that's what the rest of the world pays NOW. WASTRELS one and all(gov members only).

Gov't spending at this point is good to get the economy back on track. Once that is accomplished we go back to taxing corporations, the wealthy and everyone else the way we did after WWll, cut defense spending, make trade policy Fair trade not Free trade and we'll return to sanity, job creation and a balanced budget very quickly.

This is a complicate subject. I'm a Federal retiree and the Secretary of the Treasury is taking the correct economic course of action. The existance of the Retirement Funds depends of the approval of the yearly budgets, because only a percent is paid from the salaries of the federal employees and the rest is subsidized by the tax payers. The House of Representatives are playing political games with the budget. We have to pay our debt obigations as soon as possible to avoid the destruction of the dollar, loss of our credit rating and a possible second recession.

If you get a chance, look at the article written by Joshua Brown, on the reformed broker blog, called "red collar crime wave". It outlines just some of the fraud perpetrated by China on the US markets. We are borrowing money from these crooks to finance their fraud perpetrated on US investors.

THIS is the final string that holds the whole packege of deficit money printing together: its not just the financial pit we are digging for our children, its that we have to pay the interest to the guys that are throwing snakes into the pit.

The only way to put an end to spending is to not raise the debit limit. USA is borrowing $288 million per day, nothing can continue to operate like this it's un-sustainable and we must put a stop to it.

Buy a box of Hershys chocolates. "Made in Mexico". Semi trucks and trains come north across the border every day full of things we buy with money we are trying to make working in USA, producing goods that we can not afford because the imports from China, Inc. etc. are so cheap. I am 74, spent my life in sales, being positive. There is no way we are going to pull out of this mess unless we get ride of about 500 politicians and 10,000 lobbyists who only have their jobs and best interests at heart. Where are all of the jobs going to come from that Bo is going to create?

This will probably not make a lot of people happy. This country is in a shambles and I do not care if they print more money. Every bit of news that comes out drives the Forex market up and down (good news or bad it is how people around the world interpet). I simply watch the technicals and ride the dog no matter which way he goes 20 pips at a time. Of course I have pride in this great country and it bothers me to no end how every Friday when NY in the only market left the Euro goes up. It bothers me that the US Dollar is no longer the worlds safe haven. But I make a living on the movement.

As a single, retired man who does his own shopping for fuel(Diesel)and groceries, it is abundantly evident that prices are increasing at an alarming rate, so I agree with your take on the state of the economy completely. And the printing of money by the Feds keeps making my "fixed" income of lower value.

Thank you for your clear view. I totally agree with you.

I am a rookie in the trading game and I am looking forward to getting in the market but with money management and with a lot of mentoring in trading in the market.

I feel all that you do with your advice and blogs its a Big help to everyone who is following your knowledge and learning from you Thanks

You are right on about uncle Ben.....But don't forget about the Master lier ...........Obama!!!!!!!!!!!!!!

The Feds and the president as well as congress are playing a game with our homes, finances, retirements and our money system. They rig the statistics to prove that the economy is improving. We see the opposite with increase inflation; due to the poor policies, bank corruption and general ineptness at all levels. What we need now is someone with a plan to bring us under control again and it is not any of the present leadership. Just like a family that has overspent, there comes a day of reconning and the expenses need to be cut.

I am a member of ETF trend trading. It works and paid for itself in the first month. You can do it, no math skills required!

Now, I can't wait to hear for BigA's take on just how the heck do we calculated real inflation and what do you think the impact will be from Unkle Bernie's speach?

You are correct. I am surprised we are not already having hyper inflation of 8 to 10%. We know that the stuff normal folks have to buy is up over 5% the past few months. Not just fuel costs. look at the things you buy at the supermarket. 12oz packages instead of 14 to 16 oz. same price smaller packages. Candy bars with a tenth oz less and you can just go on and on. Incidently I did not get a lower tax the past two years and I make less than 6 figures and am retired with a fairly fixed income.

Yes, grew up with Roy, Dale and the gang. My cousin,(mid sixties) has been a serious Roy collectables for several years. What a collection. Happy trails. Hope to join your trail some day. (fund short) Would like to trade ETF's.

I am brand new into the market. Clueless if you will.. I started, trying, to look up information on how to manage my new portfolio. Most of it sounded like a scam, I was even a little nervous about your site, until i started getting into it and even did the free mini course. Very impressed and I am going to cntact you guys and see if you can help a newbie get the most for his money. Thnak you, finally another HUMAN that ACTUALLY cares about others and is not looking to take advantage of them.

I listened to your "Most Controversial Training Video". It was very much right up my alley. I have some experience in overseeing portfolio managers. I was always worried about returns that were always "too" good and never posted loss. No Madoff's or Trump PIK's for my trustee's!
I hope to get into your mentor program. I am looking for 6% annually so if I can get that with being out of the market the majority of the time...my risk adjusted return, for my daughter's education and my family's retirement will be a blessing!

thanks for sharing so much valuable information, I think I can finally become a successful trader with your assistance and systems, they cost a lot less than they are worth

praise the lord to you!
thanks for the treasure trove info
fabulous stuff,keep it going
you re fizzing!

I also grew up with Roy Rogers as one of my heroes. I would save my pennies until I had 10 cents for the latest show.
That's right 10 cents. Thanks for sharing your story. Happy healthy and prosperous New Year

Of all the movie and television cowboys, three stand out from the many other: John Duke Wayne, Gene Autry, and of course, Roy Rodgers. Rogers had a beautiful voice (later in his life he would sing with younger country music stars who looked up to him), he was a great showman, and along with his friend Gene Autry, a very good businessman. That being said, as you point out, he was also a very good person. And he was no fool. His comment you repeat about the return on/of his money is both simple and profound. It is the first rule of investing and trading. For the early babyboomers, he was, and always will be, "The King of the Cowboys".

I loved Roy Rogers as a young boy and I love the legacy he left behind. My uncle, Claude Evans played guitar in Roy's first band "The Sons of the Pioneers" when he started his successful career in Southern California.

RE: Roy Rogers
I sure did admire Roy, Dale and their crew (Pat Buttram, Trigger, Bullet, Andy Devine, Buttermilk).
I almost submitted some bids on the recent auction that was held to market off their historic belongings.

In 1949 in Placerville Roy and Dale led the parade celebrating the 100 year anniversary of the great California Gold find...I was living in Plymouth in the 3rd or 4th grade having moved there from Washington state as my dad followed the construction Projects..Feather River at the time...

I too grew up with Roy Rogers as my idol. I was very sad to read that they closed and sold off his museum. Its ashame the younger generation of today, do not have an idol like Roy to look up to.

On 11-03-10 at 2015 hrs EST, I was not able to start/play the demonstration of your EFT Trading Tools. The "button" at the lower left corner of the screen changed from a right-pointing > arrow to a double-bar II pause indicator, so I know it was the right button. But the demo never started.

YOU INVITE ME TO WATCH A FREE VIDEO COURSE AND SAY CLICK HERE TO WATCH AND ALL I GET IS A TROUBLE SOOT SCREEN ABOUT AAPL.

WHATS THE ADDRESS TO VIEW?

Reply to Jack D,

Yes you did miss something. Don't worry it's a question we get a lot.

With "investing" you would divide.

With "trading" you do NOT divide because we trade many ETF's and stocks at the same time on the same account.

The video Big A made on the "Performance" link explains it more.

After watching that short video call me at 800-743-0385 with any more questions.

Thanks,
Ron Berger
Support

Same question as KLS. How much is the course?

i'm from iraq how i can you help?

Interesting conclusion and connection. Thank you

In response to Ms. Jaribu; I read one guy who said he liked to "buy dear and sell dearer". He had no problem with a high priced stock if he thought it was going higher. Good luck.

I have listened to other sites with "free" training and they move so fast and have so many technical methods that I have been confused. Your training is so simple I actually had some lights click on for me. Thank you

I want to trade but I am missing some basic understanding - and this may be obvious to some but - I don't get selling when price is low and buying when price is high. My past training in sales always taught me to buy "low" and sell "high". What am I missing?

luv the vids watch them all with my children and popcorn been doing dems for a year now could we get an example on the cost side of trading i am father of 4 dont want to be wiped out by comm slips etc thank you for your time

Does someone know how to open up the trading register in OneOffice? I downloaded OneOffice but can't open the trading register. I only have Microsoft PowerPoint Viewer.

I've blown up 2 triple digit accounts in the bubbles with terrible mentorship, high costs, daytrading, swingtrading and information OVERLOAD! I was changing and challenging the information, the returns and the mentor's motives. Confused. Your presentation, answering the 2 emails with questions, and my own experience using ETFs and Inverse ETFs in my IRA and Roths this year with another advisory service, leaves me with only now to come up with the fees to pay for the course. A leap of faith that God will guide me, and selling off hard coin assets, and jewelry from the 1980s and my wife saying this will be the last time, otherwise I can go to Gambler's Anonymous (Trading for a living is 'too easy' said than done). Your system is the first I have that faith in today (searching for the magic coin for the past 5 years again. Retired with disability, and love to trade, I'm budgeting a new/better computer, costs of Tradestation monhly, and a written business plan before the complete commitment and surrender to following the ETF TrendTrading Big A course. Very excited. May we all be filled with wisdom more than emotions. Paul

I like to made money , show me how to made ?

thanks

when is the 2nd payment due when I choose one of the 2 pay plans?

I have been useing an IRA to trade which I have been using to buy and sell stocks over the past two years.

You said to use an IRA to trade ETF's we must use Inverse ETF's. why? Am I wrong that inverse ETF's are
used to short a market and are risky to use?

great video,thanks

Howdy ETF Traders.Enjoyed the info and videos,first time today.Have spent 20,000 on courses,systems like Vectorvest,.Seems the simpler,the better,like your basic inexpensive starting program.No cash left now,but will save up to try you out,being daily longer range,not day trading.See you soon.

I have a Macintosh. I have Office 2004, which should do it. We'll see.
dan

Big A...Thanks for the great videos and all. I've been paper trading for about 4 months with options. I've learned all kind of things like the greeks and trade probabilities, but so far, I can't seem to make it very productive. I'm a poor trader and can't really afford your mentorship program, (even though I'd love to do it) even with the money-back guarantee (you have to have it to get it back). But I'll mine for the gems in all the great stuff you're putting out free. I've really enjoyed listening to your frankness and honesty. Keep it up.

I am a very sceptical novice trader. Although I have been trading Options for a couple of years, I have consistently lost on my portfolio, thanks to bad management and spending out on 'Red and Green light software' that doesn't really work! I am getting a good feel about this site, especially as the information I'm getting makes good sense and is free. Thank you Big A!

It appears that your methodology selects a set of equities (stocks or ETFs) that have satisfactory volatility/stablilty characteristics, and that you then trade these equities (either long or short) depending on the technical indicators. At least that is what your performance file suggests to me. I kind of like this, as it pretty much takes stock selection out of the picture. We just worry about whether we should be long or short on the given equities. Another thing I like about your approach is your emphasis on risk management and position sizing. I consider those my two biggest weaknesses.

Have been enjoying your free " videos" : ) they do have useful information. I will watch them all. I am hoping to stumble on the place to sign up for the free end of month webinar.

I'd like to know this trading tool and ETF course is good for FX or only for stock market?

I have found both the articles and the video's helpful. So much of the information on the internet is just hype. It is refreshing to find someone who is willing to provide good information.

I am extremely impressed with your webinars. Is there any way to order the CD's or do you have to wait until you accept more? I am very anxious to learn more about your system and exactly what the system rules are.

Thanks so much for your free tools, articles, and videos. Your approach to the market and to coaching is just what I am looking for. I currently work with another coach through another program, which I learned about first, but my program is shorter (6 months) and more expensive (6k).

Given the money I have already committed, I cannot abandon my program now and change to yours –– unless you offer a payment plan that would allow me to do so. Can you inform me of your payment plan? I am very eager to work with you at ETF trend trading. As I said, your tone, your approach, your system, your attitude: all of it resonates profoundly with my goals.

In closing, let me add that, in my view, you guys are making a great contribution beyond the world of trading. Your honesty, truthfulness, frankness, and sense of humor are exemplary –– and worth more than gold.

Best, Christian Holland

I just want to say that your information that you have given me is invaluable. You've released keys to me which will allow me to unlock my destiny. God Bless you!

Loved your free trading tool. Thanks for your generosity in sharing your professional knowhow so freely. Will be looking forward to following you as you introduce your techniques and share your experience.
Thanks once again.
John

I am a student i only have about 3k for trading ETF, will that be enough?

Yes, I like very much your trading tools because it is very useful and quite easy to understand.

TQ

I have been learning to Trade for the last 4 years. I am determined to create a steady pension - and to be able to earn my income in my home environment. My trading is still very erratic - I need to stabilize my method. Is this method the answer?

I've read through all your articles and watched most of the videos. Thank You. I did not read or hear you mention the practice of individual retail investors trading option spreads utilizing the "Greeks" to "manage" their positions.

Is this type of trading included in your course or is this a method you think is to risky despite the fact they say risk adjustment can be maintained by position size? They say they make money in trending markets by "adjusting" and in sideways markets by the Theta decay via either buying or selling options.

Could you comment on this method?
Does your method(s) use options?
Thanks
Mike

I am at Eastern Europe and 9 pm is 3AM my time. Do you have some webiner at morning AM time?
Thank you

For the newby, the "nuts and bolts" defy understanding this morning. I am paper trading SKF on Think or Swim and couldn't figure out how to move my original stop. Duh...took 4 failed tries to succeed. Good thing the stock price was going up

Maybe just basic orders mechanics could be a good subject.

Are there any scholarships available for your trading system that can be paid back with winning trades? I have been burned before with systems promising trading gains. My interest is the e-mini SP. Thank you.

I found you webinar very interesting. I to need to get Excell program so I can down load your spread sheets.

Thanks so much for contacting me. I'm up in the middle of the night here, guess I need to get an excell program on computer, looking forward to articles, many sound interesting. Thanks again, Martin

Please send me a new invitation to your Jne 3 webinar as the 1st 1 got deleted mistakenly, Tia DA

How much does this service cost?
thanks

Re: William Thompson. May 9

What do you mean 100% Cash? Did Big A say get out of the market and into cash during the drop, was that the "no market exposure"?

I'm a student and member of ETF Trend Trade. If anyone was wondering how Big A's trading system faired over the recent market drop....100% cash!!! No market exposure. I slept pretty good that night! The system works!

Attended your webinar last evening. I'd like to know how often you accept new students.

Love the way you are "clearing the blur". Like showing how much you have to regain after a certain % loss, and a lot of background info I've never really considered.
Thanks for lighting a beacon.

Agree w/Ur commentary re women traders . . . in a word, 'Ego', they don't let it override their trading sense.

Too late to watch videos tonight!

tat is good work

Where is the play button? Instructions say lower left but cannot find.

i would like to thank you for the nice porogram

I had been considering using ETFs for a few weeks. But I downloaded your Easy Calc Position Sizing Tool a week ago and plunged into the market. A few more 'difficult' weeks as others would say, and I will be able to afford your course. Should I feel guilty?

Bill F

Your Adv Easy calc tool is excellent, however, how do you make the tool break the amount of risk you are willing to take amoung more trades. (eg) 100,000, 1% risk, but i want to trade 5 ETFs at the same time. The spreadsheet doesn't seem to do that, at least not the free one.

Thanks,

Hi,
Neat looking tool.
Thanks,
Jerry

To find the play button, scroll down the page. At the bottom of the Excel spreadsheet, under the number 40 you will find the play arrow. It's in the bottom left corner of the spreadsheet.

Hope this helps.

have been trading for over 5 years this is the best out there but not for lazy people, the system has what you need for trading for a living(money management)and Big A as your mentor(takes no crap and gives you no crap) the onley system i trade with my hard earned money.

Greetings from Saipan. Where is the play button? I gotta get serious about this. The market opens 11:30PM out here. This lack of sleep is doing a number on me. Cheers, Cap Carl

Thanks Big A for the Easy position calculator and instructions on how to use it which were very helpful.

Nicely laid out. I can see how it can be usefull. Can't wait to hear about the advanced techniques.

Your trading tools are a great help and I've enjoyed some of your videos, too.
Thank You a great deal for all the information and help. Rog.

Wow, Great information and detail. Thanks, Will take some time to fully absorb.

I bought the course worrying I might be wasting money But I tried it becouse of the gaurantee I have never been sorry and I knew soon as I got into it that I wasnt going to be sending it back I am new to trading and I have gained a lot of confidence from it I love it Stu N

I have been with Big A over 2 months and each aspect of the system makes sense once you learn it and trade it. I studied the course videos first along with all of the documents in the members' area. I then started back testing and "paper trading" on charts to see it in action. I religiously listened (and still listen) to both the current and old webinars to pick up little nuances that make the system more understandable. I then made a cheat sheet with the rules for the system that I wanted to follow based on my trading style & personality. It becomes second nature- it is a natural part of my thought process now and I can look at any chart in any format or style and determine quickly where the system is for any tradable issue. I use the daily system in 1 account and the day trade in a separate one. Options are next! Thank you for empowering me with a system that is flexible, organic & yet still has the rules to keep my greed and fear in check!