Insider trading - does not apply to Politicians

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Occupy Wall Street

I do believe the "Occupy Wall Street" movement has authenticity.  However, as you can see from this lively clip, the participants simply have no idea "what" to protest or "who" to protest against.

Here, Peter Schiff, representing the wealthy1%, trys to communicate with the participants who seem to think that paying more taxes will solve our unemployment, unequality and other economic issues.

As Peter Schiff tells them, why would he work hard every day just to keep 30% of his income, while 70% goes to taxes. Moreover, he also presses them on how many people they have personally hired and created jobs for.

While they protest that taxes should be higher, they should protest high "government spending." While they protest at Wall Street, they should be protesting in "Washington, D.C."

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USA vs. China

Jim Rogers has an interesting insight as to what a trade war may look like with China.  The bill that was recently passed by the senate, regarding the Chinese manipulation of their currency, gives the Department of the Treasury the authority to impose sanctions on China.

He also discusses several courses of action the Chinese Government can take if the USA decides to impose sanctions.  The Chinese Government could:

1. Stop purchasing US Government Bonds
2. Sell US Government Bonds

These options above could send interest rates through the roof and/ or devalue the US dollar.   

The United States Government should be working on ways to make it easier for domestic companies to compete internationally, instead of passing legislation that may possibly invoke an international trade war.

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