Daytrading July 7 pre-market, page-4

Hi All;

I was wondering who has heard about Cloward and Piven?

“The Cloward–Piven strategy is a political strategy outlined in 1966 by American sociologists and political activists Richard Cloward and Frances Fox Piven that called for overloading the U.S. public welfare system in order to precipitate a crisis that would lead to a replacement of the welfare system with a national system of "a guaranteed annual income and thus an end to poverty". Cloward and Piven were a married couple who were both professors at the Columbia University School of Social Work. The strategy was formulated in a May 1966 article in the liberal[1] magazine The Nation titled "The Weight of the Poor: A Strategy to End Poverty".[2]”

In my opinion if you want to minimize poverty get off the backs of the people. Australia is obsessed with the Job creation powers of Governments. Governments only know how to bigger governments, this is not job growth.

Real growth is liberty, the freedom to fail and succeed and the right to the fruits of your labour. IF I build a chair and sell it for $50 dollars, what moral right does anyone else have to my profit?

Imagine telling your friend 200 years ago that instead of slaves we will have machines that can do the work of 100 slaves in an afternoon and we would have “Rights” that protected us from slavery. They would burn you at the stake as a witch…

Governments are not written in stone; in fact much of their premise is built on a lack of replacement technology. The more freedom from tax and regulations eating out our substance the more we prosper. Why do we need to pay for a business license? The barriers for business and prosperity are becoming ridiculous across the world.

Small business is how to lift yourself out of poverty, even more so then education. In my opinion many Aussies are stuck in the 1900’s.

Why do students pay ridiculous fees when they can home-school and learn in half the time?
Why do we need half the bureaucrats when automation and technology can replace humans?
Why do we over-tax the people and small business?
Why do we have an income tax?
In my opinion instead of hair brained schemes, why doesn’t Australia get off peoples backs and trust the free market?

Even though we are seeing increasing turmoil and change ultimately it is going to promote more liberty in my opinion. The more we are free to do and spend as we see fit we make better choices for ourselves then any government. Instead of asking what the government is doing for us and jobs, why don’t we tell it to jump in a billabong!


Nasabear's Top Articles For July 7; 2014:

UBS: The Australian Economy Has Stopped Weakening

http://www.*.com.au/ubs-the-australian-economy-has-stopped-weakening-2014-7
Global economist to speak on Australian economy

http://www.uq.edu.au/news/article/2014/07/global-economist-speak-australian-economy

China to start direct trade between Yuan and British pound

http://www.dw.de/china-to-start-direct-trade-between-yuan-and-british-pound/a-17717188
Beijing, Seoul agree to direct trade in national currencies
http://voiceofrussia.com/news/2014_...-to-direct-trade-in-national-currencies-4477/

CEO Of One Of The World's Largest Energy Majors "Sees No Reason For Petrodollar"

http://www.zerohedge.com/news/2014-...rgest-energy-major-sees-no-reason-petrodollar

Monetary Policy and Financial Stability

http://www.federalreserve.gov/newsevents/speech/yellen20140702a.htm

Bank of France governor body slams US dollar

http://www.maxkeiser.com/2014/07/bank-of-france-governor-body-slams-us-dollar/

When the Defaults Come, So Will the Wealth Grab

http://www.zerohedge.com/news/2014-07-04/when-defaults-come-so-will-wealth-grab

European Central Bank's Christian Noyer says a slight depreciation of euro would be logical

http://articles.economictimes.india...4_1_euro-zone-price-stability-christian-noyer



I think the dialogue will not change in Australia until we educate people over and over again about the fundamentals of the market. Most Australians know more about their favourite Football teams then how to create wealth and jobs. The trouble with our socialist mindset is eventually we run out of the stolen money from the producers.

Above all else I would recommend thinking for yourself and educating your friends. Ask them how the free market works? Ask them what is an asset? Ask them what creates jobs? Help enlighten one Aussie about what creates wealth and start the process of becoming a far less centralized nation.

What do you think?

Kind Regards