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Mar 2 13 11:22 PM

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I HAVE A QUESTION FOR EVERYONE.  DO YOU THINK YOU GET A BETTER DEAL FOR YOUR MONEY FROM THE PRIVATE SECTOR OR THE GOVERNMENT SECTOR?  TODAY WHEN SO MUCH DISCUSSION REVOLVES AROUND WHAT WE WANT THE ROLE OF GOVERNMENT TO BE IT IS A PERTINENT QUESTION.  I HAD AN INTERESTING EXPERIENCE THAT SOLIDIFIED MY VIEW THAT WE GET GOOD DEALS FROM THE PRIVATE SECTOR WHEN I BROKE MY HEAVY DUTY SWINGLINE STAPLER RECENTLY.  I WAS TRYING TO REFILL IT WITH STAPLES WHEN I BROKE A PIECE OF PLASTIC THAT HOLDS THE ROD IN PLACE.  I FIGURED I WOULD JUST HAVE TO BUY A NEW ONE WHEN I REMEMBERED IT CAME WITH A LIFETIME WARRANTY.  I HAD THAT PIECE OF PAPER UNDER THE STAPLER AND CALLED THE TELEPHONE NUMBER ON IT TO FIND OUT IF THE WARRANTY WAS GOOD.  I TALKED TO THE COMPANY REP IN MISSISSIPPI AND WAS INFORMED THAT IF I FAXED HER THE ORIGINAL INVOICE SHE WOULD PROCESS A REPLACEMENT.  WELL BEING AN ACCOUNTANT AND ONE WHO KEEPS EVERY RECORD IMAGINABLE I SEARCHED MY FILES FOR THE INVOICE AND ACTUALLY FOUND IT.  I HAD BOUGHT THE STAPLER IN 2004, BUT SINCE THE WARRANTY WAS FOR A LIFETIME I FAXED IT TO HER.  WELL, ON VALENTINE'S DAY A SHIPMENT CAME TO MY OFFICE AND IT WAS A BRAND NEW SWINGLINE HEAVY DUTY STAPLER.  TALK ABOUT CUSTOMER SATISFACTION!    NOW HOW MANY OF US FEEL THAT WAY FOR WHAT WE GET FROM THE GOVERNMENT?  I BET NOT MANY.  I MUST ADMIT THAT IT IS HARD TO MEASURE WHAT THE GOVERNMENT PROVIDES.  FOR EXAMPLE, HOW DO YOU MEASURE THE BENEFIT ONE GETS FROM THE MILITARY DEFENSE OF OUR COUNTRY?  HOW MUCH ARE WE BENEFITED BY THE FEDERAL PRISON SYSTEM? HOW ABOUT THE UNITED STATES POSTAL SERVICE, ALTHOUGH THAT IS NOW QUASI-GOVERNMENT.  I DO THINK THAT EVEN IF WE ARE GETTING VALUABLE SERVICES FROM THESE AND OTHER GOVERNMENTAL ACTIVITIES, WE ARE PAYING A LOT FOR THEM.  AS WE GO FORWARD, EACH OF US HAVE TO DETERMINE WHAT WE WANT THE ROLE OF GOVERNMENT TO BE.  I AM IN THE JEFFERSONIAN CAMP THAT HOLDS:
 
That government is best which governs least"  attributed to Thomas Jefferson
 
I DON'T THINK IT UNREASONABLE FOR CITIZENS TO EXPECT THE GOVERNMENT LIVE WITHIN THE MEANS WE PROVIDE THEM WITH THE TAXES THEY COLLECT FROM US.  WITH OVER 16 TRILLION DOLLARS IN DEBT SHOULDN'T WE BE CONCERNED ABOUT PASSING THIS BURDEN ON TO FUTURE GENERATIONS?
 
DID YOU ALL HEAR KENTUCKY SENATOR RAND PAUL'S TEA PARTY RESPONSE TO THE STATE OF THE UNION MESSAGE?  I THOUGHT HE MADE A CONVINCING CASE FOR A BETTER OPERATING GOVERNMENT.  WE NEED TO SUPPORT SENATOR PAUL AND OTHER LIKE-MINDED INDIVIDUALS IN ORDER TO TURN OUR COUNTRY AROUND FROM THE SOCIALISTIC POLICIES BEING PROMULGATED BY THE CURRENT ADMINISTRATION;
 
WE ARE HEARING MORE AND MORE TALK ABOUT CURRENCY WARS, OR COMPETITIVE DEVALUATIONS GOING ON BETWEEN MANY COUNTRIES.  THEY ALL WANT TO INCREASE EXPORTS, SO BY MAKING THEIR CURRENCIES CHEAP, THE PRODUCTS THEY MAKE BECOME MORE SALEABLE ON WORLD MARKETS.  I'M NOT LIKING WHERE ALL THIS WILL LEAD ;
 
A BIG STORY OUT OF ITALY IS THE ANNOUNCEMENT THAT POPE BENEDICT WILL RESIGN AT THE END OF FEBRUARY.  THE REASON GIVEN IS THAT HIS HEALTH IS SUCH THAT HE CANNOT ADEQUATELY PERFORM THE HEAVY BURDEN OF BEING PONTIFF TO OVER A BILLION CATHOLICS WORLDWIDE. SOME THINK THERE MAY BE OTHER REASONS CITING THE RECENT SCANDAL IN THE NEWS WHEN THE POPE'S BUTLER WENT TO JAIL FOR LEAKING CONFIDENTIAL INFORMATION ABOUT VARIOUS VATICAN MATTERS.  MORE MAY BE FORTHCOMING IN THE DAYS AHEAD.  THE POPE HAS BEEN A STALWART SUPPORTER OF PRO-LIFE AND TRADITIONAL MARRIAGE POSTIONS AND WE APPLAUD HIM FOR THIS;
 
IN THE STATE OF THE UNION ADDRESS OBAMA SERVED NOTICE THAT HE PLANS TO FIGHT FOR RAISING THE MINIMUM WAGE FROM $7.25 TO $9.00 AN HOUR OVER THE NEXT THREE YEARS.  IT ALL SOUNDS GREAT, BUT WE SHOULD UNDERSTAND THAT IT WILL PROBABLY BE COUNTER-PRODUCTIVE AS BUSINESSES MAY CEASE HIRING LOW SKILLED WORKERS IF SUCH AN INCREASE BECAME LAW. SOME CRITICAL THINKING AND NOT KNEE-JERK REACTION IS NECESSARY ON THIS MATTER;
 
THE AMERICAN ADVISOR HAS INFORMED US THAT GOLD HAD ITS WORSE WEEKLY PERFORMANCE IN EIGHT YEARS.  MANY HOWEVER STILLBELIEVE THIS IS JUST ANOTHER CORRECTION IN A CONTINUING BULL MARKET.  TIME WILL TELL;
 
 

AS USUAL, IF TIME PERMITS, WE NEED TO CONTINUE DISCUSSING THE FOLLOWING:

PENSIONS - THEY NEED OUR ATTENTION.  MANY AMERICANS ARE RECEIVING THEM OR SOON WILL BE.  THE BABY BOOMERS ARE A LARGE GROUP IN THAT CATEGORY AND THEY NEED TO UNDERSTAND WHAT ACTIONS OR INACTION TO TAKE BOTH WITH ANY PRIVATE RETIREMENT PLANS THEY MAY HAVE OR EVEN WITH SOCIAL SECURITY BENEFITS AND STATE OR LOCAL GOVERNMENT PLANS.  ALSO, DO YOU KNOW ABOUT THE SUPPLEMENTAL SECURITY INCOME FEATURE ADMINISTERED BY THE SOCIAL SECURITY ADMINISTRATION? THE RULES KEEP CHANGING IN THESE AREAS AND IT WOULD BE SMART TO LEARN THEM;
 
THE FEDERAL RESERVE - WE HAVEN'T STOPPED LOOKING INTO THE INNER WORKINGS OF THE FEDERAL RESERVE SYSTEM
AND WE WILL DELVE A LITTLE MORE INTO IT'S' BALANCE SHEET AND SEE IF WE CAN GLEAN THE FACTS REGARDING THIS INSTITUTION THAT HAS SUCH AN IMPACT ON OUR LIVES AND DETERMINE IF IT CAN BE ONE THAT TRULY SERVES THE PEOPLE OR SHOULD ANOTHER ACT OF CONGRESS BE PASSED TO END ITS' EXISTENCE. THIS CAN BE A TEDIOUS PROCESS, BUT WE MUST FOLLOW THE MONEY !;
 
 
BEFORE WE TACKLE THE FEDERAL SYSTEM HOWEVER IT MAY BE WORTHWHILE TO REVIEW WHAT HAS BEEN HAPPENING IN PRICHARD, ALABAMA WITH THEIR PENSION PLAN. I THINK THE LESSON HERE IS THAT WE SHOULD FIND A WAY TO TAKE CARE OF OUR OWN MONEY AND NOT RELY TOO MUCH ON OTHERS, ESPECIALLY IF THEIR ABILITIES HAVE NOT BEEN FULLY DETERMINED;
 
 
GOLD - A RECENT SURVEY SHOWS HOW GOLD DOES DURING TIMES OF TURMOIL.  FIND OUT THE DETAILS;
 
WE WILL ALSO CONTINUE TO PROVIDE YOU WITH MORE ON THE LIST OF THE 50 THINGS EVERY AMERICAN SHOULD KNOW ABOUT THE COLLAPSE OF THE ECONOMY;
 
 
AND WE WILL KEEP YOU ABREAST OF ANY LATE-BREAKING DEVELOPMENTS IN THE STOCK AND COMMODITIES MARKETS, ESPECIALLY GOLD AND SILVER;
 
 
SOME THOUGHTS BY EXPERIENCED INDIVIDUALS IN THE WORLD OF MONEY MAY ALSO BE REVIEWED AND SOME AUDIO MAY BE PLAYED TO ROUND OUT THE SHOW.