Big Wall Street Boys Head to Congress

The Big Boys of Wall Street testified before congress yesterday and sheepishly admitted that yes, there is more regulation needed. Of course it is, isn't it boys?

What is the end result of government regulation? The answer is a tighter market, less competition and a death grip wrapped around one of America's symbols of freedom, the stock market. Presidents of such giants as Goldman Sachs are all for government regulation, if they were not does anyone really believe such actions would ever happen with ex-Goldman soldiers flooding the federal government?

As established giants of the business Goldman has the ability to offset the price of regulation, it is called passing down the expense. Goldman like all other giant investment companies simply add on the fees and pass them down to the individual investor, the regulation is meant to protect. Smaller investment firms are not so fortunate as the smaller revenue stream will not offset the cost of regulation.

In the meantime they develop ways around the rules, set up partnerships with the government (both of which make billions off the backs of the investor) and behave as expected, reckless with no consequences for actions. When the house of cards fall, they turn to the taxpayer, through the government and receive a bailout.

So, you see they act the role. Humble, sheepish and understanding, it is the role the American people seek and the one congress demands. In the end, the regulation will be passed, the market will continue to get squeezed and the next time these investment firms are in trouble, the words "they're critical to the American markets." will never be more true, because the next time the market will be even more monopolized because that's the way they want it.

Really?

There are times when I feel a sudden urge to pound my head up against the wall. This is one of them. The story below mentions how companies are afraid to hire because of the unknown direction of the government on such things as health care and taxes. This has been the case since last summer, when many wondered who would win the presidency and how would they govern. Many of those questions have been answered and most businesses do not like the direction.

READ ARTICLE>>>

China Becomes Largets Auto Market

China is now the world's largest auto market. They jumped over the United States as sales have soared in China and fallen off a cliff in the States. There are many factors that have gone  into this, but numbers indicate that Americans are unsure about the government control of GM and Chrysler as only Ford, who remains in private hands, did not suffer major sales drops.

READ STORY HERE>>>>>

Silver

Silver is steady at 18 plus per ounce. It is trying to hit 19 which it should, but unlike gold the climb is often much slower. However, silver will reach 20 at some point. The reason continues to be the high price, the unstable dollar and economic plan that continues pushing the national deficit higher and higher.

Silver is Da Man

Video from CNBC talks about silver and out pacing gold. We said on here back in November that silver was the way to go...That has not and will not change.

Been Awhile

Sorry I have been out so long, new protect going on that had to be done by the 1st. Now it is time to post again on this site. Not much has changed...Gold is still gold and silver is still the hot play, so get in.