No one argues about stuff like this. What Granville was talking about was what we've all done: fallen for the obvious play. My worst moment this way was in Jan of 91, when I bet on rising oil prices at the start of the first Iraqi war and got creamed. Even all these years later, I still wince thinking about it. The only thing nice about that was that I wasn't the only fool that got played on that one. As you know, it's why people spend so much time looking at sentiment numbers, the COT report, the volatility indexes, mutual fund cash levels, and on and on.
Obama is worth $5 million. USA politicians maybe collectively worth $1 billion (not sure). How did USA politicians donate multi-Trillion dollars to giant companies? There is nothing wrong in donating personal money but you need confirmed permission to donate other people's money.
Such "permission" would have to come in the form of an amendment to the Constitution. Federal Government spending is mandated to be for "the general welfare". When Government directs taxpayer money to an individual or group (and not for the general benefit of all Americans).... that's unconstitutional and against the law... as are earmarks and others.
Somebody said to me that multi-Trillion dollars bailout was donated from USA cash reserves. But cash reserves are for uncertain future such as earthquakes, tsunamis, hurricanes and others. Angry nature does not know financial crisis and money. What will USA do now?. Also cash reserves are basically tax-payers money.
Paying taxes is similar to giving a gun to a monkey. The monkey will fire the gun anywhere. The biggest problem with taxes is that multi-Trillion gets collected in the hands of few politicians who are worth multi-million and basically they are idiots. Stop paying taxes. 90% people hate paying taxes. I do not understand why tax system survive in this world. Every system comes to an end one day.
International people must be thinking who is Ron Paul. Ron Paul is the next USA president if he decides to contest USA elections in 2012.