In the attached clip, Peter Schiff discusses the real issues that need to be addressed in the USA.  We can be in for a "rocky" road in the coming months, if the majority of what is discussed comes to fruition. 

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Does the presidential elections influence the stock market?

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How strong is the U.S. economy?

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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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Government regulations are not the answer

The United States government have been extremely busy the last few years writing bills to regulate our society.  In the clip, Congressman Ron Paul suggest that a free market will help decide what products consumers demand, not government regulations. 

These regulations have become such a burden on small business in the United States, it makes it easier for foreign competitors to sell at a lower cost.  In a free market, the taxpayers would not have bailed out any of the companies that made incompetent, and in some cases, fraudulent decisions.  The majority of the companies that received money from the government would be out of work.  Companies that made smarter decisions would be able to pick up the pieces from the bankruptcies and gained market share.

I can't think of many industries in which the government interfered and made it better.  See the following examples:

1. Car industry - bailed out several auto manufacturers, and none are in a better situation.  GM is on the verge of bankruptcy (again)

2. Banking - The US government tinkered with loan provisions for banks, which basically forced banks to loan money to unqualified people, which led to a massive amount of foreclosures.  The US government is now suing these banks to recover the amounts lost from these loans. 

3. Healthcare - The recent legislation passed will soon be taken up with the United States Supreme Court.  I am hopeful it will be ruled unconstitutional.

4. Postal service - Postal service recorded a net loss of $8.5 billion the last fiscal year, and $3.8 billion for the year before.

5.  United States Government budget - our government officials continue to run the country on a budget deficit of close to $1,000,000,000,000 a year.  Our total debt for our country is now over $14,000,000,000,000.  The politicians cannot operate on any type of budget, which is why they shouldn't be allowed to run any business in the free market.

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