Dear Jim,
You wrote:
“As long as we do not see a reinstatement of the "Uptick" rule and regulatory demand that this rule be attended to, as well as arrests for naked shorting, the inviting conclusion is that the activities of the 666 beasts are acting at the behest of ruling government, mopping up all the money on the planet still available.”
I spent the last week calling my Congressman and trying to get an answer on the progress of bill H.R. 302 - the restoration of the uptick rule. I also made calls to Congressman Gary Ackerman’s office (the bill’s author), and also to the House Financial Services committee (chaired by that genius, Barney Frank), the committee the bill is referred to. The experience was akin to talking to brain dead aliens. NO ONE in government knows:
1) The status of the bill
2) The implications of the passing of such a bill
3) The implications of NOT passing such a bill
If you ever want to feel the sensation of taxation without representation, make an attempt to contact your congressman’s office. I would suggest polishing off 2 or 3 of your favorite cocktails before attempting such a futile act, though. In the future, I plan to have a bottle of 7 star Metaxa by my side.
Do you think I would ever buy a non-gold or silver related asset after talking to them? Quite the contrary - why should I participate in the stock market when our so called ‘leaders’ won’t make even the tiniest attempt to defend the sanctity of it? The Dow can go to zero for all I care - aside from gold, silver and precious metal mining shares, I won’t be participating in any of it.
CIGA Anthony
P.S. Here is the progress of the bill, which was introduced on Jan. 8th. As you can see, this is not going to be happening any time soon.
http://www.govtrack.us/congress/bill...