Dollar @ MindSay

   

Related tags

 

   


 

   
TRANS-TEXAS TREASON

TRANS-TEXAS TREASON

HEARINGS ARE PHONY

By: Alan Stang
I wish I did not believe this, but I do. At some point now coming fast, the battle for America will metastasize beyond politics. Yes, it would be nice, so wholesome, so American, if voting and elections were sufficient, but more and more in recent years it becomes clear that those things are fraudulent charades designed to lull us and that the conspiracy for world government will do what it likes regardless. Again and again we have seen that, sure, you peasants go ahead and vote, but, of course, if you vote for the wrong thing, then the conspiracy for world government, infinitely wiser, wealthier, more powerful and, let’s face it, better than we are, will change the result and impose what they want.

As I write, it appears that in November voters will “choose” as President either a man named Hussein, who was raised as a Muslim, belongs to a virulently racist church loyal to Africa, and works with violent Communists there to impose Islamic law, or a Stalinist Womanoid who along with her husband should long since have been in prison for several lifetimes and whose election would mean an epidemic of rampaging bull dykes, not to mention the usual intern knee prints on the Oval Office carpet.

Or, the voters will choose a deranged crank who has done everything he could to betray his fellow POWs, a man whom Soviet brainwashers in Viet Nam may well have turned into one of theirs, a McChurian Candidate, a Republicrud whose record places him on the Far Left end of the Democrud Party, who says he has no qualms about keeping us in Iraq for another century.

Whichever one of these three voters “choose” will enormously increase already powerful Communist hegemony over America. But what about Ron Paul? Ron who? Did you say “Paul?” No, the name is vaguely familiar, but I can’t place it. There could be a retired ladies’ doctor somewhere in Texas who may be named Ron Paul, but I can assure you that no one by that name is running for President, no one, no one, no one, etc....

So, I am reluctantly expecting a spark that could ignite a conflagration, a repetition of the shot heard ‘round the world. The conspiracy for world government is shoving us Americans into an ever smaller corner. As the Seventh Avenue girdle manufacturer likes to put it, “Something’s got to give.” Where? What could be the point of ignition that propels the battle into the next phase?

Of course I am merely speculating. Could it be the Trans-Texas Corridor? By now you know that this treason is an integral part of the proposed North American Union, which would merge the United States, Canada and Mexico. The United States thenceforth would not exist. That is why the paper “dollar” is presently collapsing. The “collapse” will justify the introduction of the NAU currency unit, the “Amero,” to replace it.

For those of you folks who live at the bottom of mine shafts or get your “news” from such “conservative” Communist spokesmen as Limbag or Hannitwit, here is the latest proof. El presidente Jorge W. Boosh is now promoting the expenditure of $1.4 billion non-existent U.S. dollars to protect the southern border of Mexico as part of the “Mérida Initiative.” What? Yes, remember that the new border of NAU is not between the three countries, but around them, so Boosh will protect Mexico’s southern border, not our own.  

The purpose of the Trans-Texas Corridor, it says here, is to “relieve congestion,” to “connect communities,” to increase “local control,” to enhance “free trade,” etc. and so on. But the map shows that it bypasses major Texas cities, so it would not “relieve congestion,” and it would not “connect communities” because there are very few exits and it would be hard to cross.

Adding exits would not diminish the connectivity of such a road, so why not add them? The answer is, you wouldn’t add them if you expect to use the corridor to restrict the movement of people. The system would carve the state into sectors. With the help of a few troops, it could become almost impossible to move between them, if the government didn’t want you to. Remember that one of the goals of the conspiracy for world government is to confine our population in the cities, which would be connected by corridors you could not get off. The conspiracy would reserve the countryside for itself.

The so-called “free trade” advantage of the corridor would bring Mexican “products” across the Rio Grande in those uninspected 18-wheelers Boosh recently allowed to enter. They wouldn’t stop until they arrived at the Mexican “port” in Kansas City. Except that there really aren’t any Mexican “products” other than narcotics and illegal aliens. “Tex-Mex” is American cuisine. According to the New York Times, Mexicans don’t know what it is.

But there are Chinese “products.” There are Chinese “products” because both Bill Clinton, the rapist, and Jorge W. Boosh are Communist world government traitors. Those are the uninspected “products” that will arrive in Kansas City in those uninspected trucks, for distribution to the rest of the central district of North America (the former United States), and the northern district (former Canada).

You already know that Red Chinese toothpaste killed dozens of people in Panama, until an alert doctor there discovered it was poisoned. You know that many Chinese foods are adulterated and dangerous. Chinese Communist toys contain lead. Now comes word that a huge percentage of the ingredients found in the pharmaceuticals you buy from Nazi-American drug companies also originates in economical Communist-occupied China and that it is typically tainted. These are the “products” that will be inside those Mexican trucks.

The Trans-Texas Treason will consume 146 acres of land for every mile of road. It will seize 584,000 acres of the finest farm and ranch land in the world. It will be almost ¼ mile wide. It will consume towns, homes, archeology, habitat, etc. And it will make a huge fortune for Cintra, the Spanish company that builds it. That’s right; believe it or not, every construction company in this country was too stupid to do it.

Need I add that the treason has been imposed with the usual, totalitarian arrogance?  Transportation Commissioner Ric Williamson says this: “Once the Governor decided that this is where we needed to head, he wanted to remove it from the political flow of the state, he wanted it to become policy as opposed to politics, and that was one of the reasons he asked us to move so fast, and we've done an admirable job. . . .”

In other words, the Governor decided it. Removing it from the political flow and making it policy rather than politics, is an obfuscatory way of saying that the people didn’t get to decide it through their elected representatives in Austin. The Governor is of course lying puke Rick Perry, who campaigned for reelection walking the Rio Grande arm in arm with the Border Patrol, swearing up and down that he would stop the illegal alien invasion and then, safely reelected, proved himself a lying puke.

This is the same Rick Perry who is a Merck & Co. front man, and is trying to force Texas girls as young as nine to take an extremely dangerous but immensely lucrative Merck drug called Gardasil, which may already have killed eight women and caused seizures, blood clots, paralysis and fetal abnormalities in many others. Despite all this, Nazi-drug company front man Perry is still pushing it.

Ted Houghton is another Texas Transportation Commissioner. He says the Corridor is “not about cargo and containers.” He also denies that the Corridor is a “NAFTA highway.” It isn’t a NAFTA highway because “it doesn’t connect to Mexico.” It starts in Brownsville and McAllen, which, true enough, are not in Mexico, but when I was there last they were on the former border.

Dr. Ron “No Such Candidate” Paul says this: “Even more insulting is the distinct possibility that, while the road will collect tolls and fees, making a private foreign firm billions of dollars in revenue, the costs of building it could be heavily borne by taxpayers.  So the costs will be socialized and the profits privatized.  Public-private partnership indeed!”

The Austin regime is presently conducting “town hall” meetings on the Corridor around the state. The meetings are very slick and professional. There is ample printed material. There are movie screens projecting information. There is a moderator. And people testify at a microphone. There is even a court reporter to take down what they say. The witnesses “vote.” One of the options they can choose is “No Action.”

I attended one of the sessions. One after the other, the people testified against the Corridor. It was not hard to sense volcanic seething beneath their fragile calm. One man broke down during his three minutes and cried. They told of the loss of a way of life, of a heritage 150 years old, of historic landmarks, of churches and cemeteries, of animals, of jobs and business, of whole communities being swept into the dustbin of history. There was considerable anguish.

Not one of the witnesses testified in favor of the Corridor. Indeed, one of them turned around, faced the audience of hundreds and asked everyone who was in favor to raise his hand. In every public issue, there are people on different sides. Here, remarkably, among people of every color, age, sex, financial standing, work and business, not a single hand was raised.

An engineer explained that he not only reads, but he also writes many projects like the Corridor every year, and he has never read one so incompetent that leaves so much unanswered. He said it would never get through his office. Another engineer specializing in freight explained that if the goal is to move cargo from Mexico to Canada, the quickest, easiest, least bothersome, cheapest way to do it would be to put it on huge barges in New Orleans, ship it all the way up to the Cities and load it on trucks there.

The fervor and unanimity of the people proved that they believe they can turn this thing around. They believe that when Perry & Company learn how much opposition there is, they will stand down and opt for “No Action.” Of course, that is completely untrue. The Trans-Texas Treason is written in stone. The deal is done. The Austin regime knows perfectly well that the people unanimously oppose it. Then why hold the meetings?

The town hall meetings are a traditional Soviet brainwashing technique, carefully designed to allow the opposition to vent safely. You could call it “managed venting.” To some extent, it will neutralize the opposition. Indeed, it now justifies the traitors in saying that the people participated in the decision. After all, didn’t they testify? Didn’t Austin go to considerable trouble to arrange those meetings? And if you participated, you have no right to complain.

So, the gringos are worse than the illegal aliens. But this is the home of the Alamo, of W. Barrett Travis and the line in the sand. This is Texas, where under every coat there is a side arm, where the women are armed and can stick the red dot in your eye. What will happen when enough of them realize that the fix is in, that the town hall meetings were a fraud, that puppet governor Perry will do this whether we want it or not, that the Corridor is part of the scheme to destroy Texas and the nation?

Will we finally get to see what the Second Amendment really means?  

Alan Stang has been a network radio talk show host and was one of Mike Wallace's first writers. He was a Contributing Editor for American Opinion magazine and has lectured around the world for more than 40 years. He is the author of some fifteen books and hundreds of magazine pieces. His new book is Not Holier Than Thou: How Queer Is Bush? He is a regular columnist for Ether Zone.

Alan Stang can be reached at: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

We invite you to visit his website at: www.alanstang.com
 
 
   
 

Euros Accepted" signs pop up in New York City
Euros Accepted" signs pop up in New York City
Wed Feb 6, 2008 4:09pm EST
Video

NEW YORK (Reuters) - In the latest example that the U.S. dollar just ain't what it used to be, some shops in New York City have begun accepting euros and other foreign currency as payment for merchandise.

"We had decided that money is money and we'll take it and just do the exchange whenever we can with our bank," Robert Chu, owner of East Village Wines, told Reuters television.

The increasingly weak U.S. dollar, once considered the king among currencies, has brought waves of European tourists to New York with money to burn and looking to take advantage of hugely favorable exchange rates.

"We didn't realize we would take so much in and there were that many people traveling or having euros to bring in. But some days, you'd be surprised at how many euros you get," Chu said.

"Now we have to get familiar with other currencies and the (British) pound and the Canadian dollars we take," he said.

While shops in many U.S. towns on the Canadian border have long accepted Canadian currency and some stores on the Texas-Mexico border take pesos, the acceptance of foreign money in Manhattan was unheard of until recently.

Not far from Chu's downtown wine emporium, Billy Leroy of Billy's Antiques & Props said the vast numbers of Europeans shopping in the neighborhood got him thinking, "My God, I should take euros in at the store."

Leroy doesn't even bother to exchange them.

"I'm happy if I take in 200 euros, because what I do is keep them," he said. "So when I go back to Paris, I don't have to go through the nightmare of going to an exchange place."

(Reporting by Angela Moore, writing by Bill Berkrot; Editing by Doina Chiacu)

 
 
 

   
Economic Stimulus Ignores the Laws of Economics

If there is anyone unaware of our nation being mired in an economic slowdown, I would be surprised. The dollar’s value is shrinking; government’s cost is rising; and "somebody ought to do something" is the cry of the hour.

So government leaders have decided to give virtually every American some money. The problem here is that the government doesn’t have any money to give. Pointing his finger at government leaders of both parties, Texas Congressman Ron Paul told radio host Glenn Beck yesterday: "They either have to borrow it from China or print it." Borrowing incurs interest payments in addition to adding to the burden faced by today’s children who will have to pay off the loan. Borrowing from China places the entire nation’s future in the hands of sworn enemies. And printing more money will lower the value of all existing money, while simultaneously impacting the value of insurance policies, retirement investments, and anything else denominated in dollars.

The weakening of the dollar and the rising cost of government programs are the main causes of the economic slowdown. Few want to admit that our nation is in a recession, but that’s where we are. And the plans to address the malaise just announced by congressional leaders — eagerly backed by President Bush — amount to throwing gasoline on an already blazing fire.

Congressman Paul urges a freeze on spending. Among other steps, he wants to end the enormous cost of having U.S. forces defend Europe, Japan and South Korea. He also wants to end the American presence in Iraq. "We could save hundreds of billions of dollars" with just these sensible steps, says the Texas congressman.

If government were on a diet, the value of the dollar wouldn’t be shrinking. That would be a much more sound way to help the American people than delivering more weakened dollars hither and yon. It would not see our nation become beholden to communist China or any other lender. As Ron Paul pointed out, every newly borrowed dollar weakens our nation, and every newly printed dollar very quickly "buys 80 cents worth of goods instead of a dollar’s worth."

While it’s comforting to know that someone seeking the presidency understands basic economics and is willing to obey its laws, it’s very unsettling to know how lonely he is among presidential aspirants. As Ron Paul says, "I just want to make sure we wake up before the dollar totally collapses." Many can ignore what he says, but none can disagree once pinned down to facing economic realities.

 

John F. McManus

www.jbs.org

 
 
   
 

World Wide Military Expenditures

Country           Military expenditures - dollar figure     Budget Period
World                                    $1100 billion     2004 est. [see Note 4]
Rest-of-World [all but USA]    $500 billion     2004 est. [see Note 4]

United States                           $623.0 billion     FY08 budget [see Note 6]
China                                         $65.0 billion     2004 [see Note 1]
Russia                                        $50.0 billion     [see Note 5]
France                                        $45.0 billion     2005
United Kingdom                          $42.8 billion     2005 est.
 
Japan                                          $41.75 billion     2007
Germany                                     $35.1 billion     2003
Italy                                             $28.2 billion     2003
South Korea                                $21.1 billion     2003 est.
India                                            $19.0 billion     2005 est.

Saudi Arabia                                 $18.0 billion     2005 est.
Australia                                       $16.9 billion     2006
Turkey                                          $12.2 billion     2003
Brazil                                               $9.9 billion     2005 est.
Spain                                               $9.9 billion     2003

Canada                                            $9.8 billion     2003
Israel                                               $9.4 billion     FY06 [see Note 7]
Netherlands                                     $9.4 billion     2004
Taiwan                                              $7.9 billion     2005 est.
Mexico                                             $6.1 billion     2005 est.

Greece                                             $5.9 billion     2004
Singapore                                         $5.6 billion     2005
Sweden                                            $5.5 billion     2005 est.
North Korea                                     $5.0 billion     FY02
Iran                                                   $4.3 billion     2003 est.

Pakistan                                  $4.3 billion     2005 est.
Belgium                                  $4.0 billion     2003
Norway                                 $4.0 billion     2003
Chile                                     $3.9 billion     2005 est.
Colombia                              $3.5 billion     2005

Poland                       $3.5 billion     2002
Portugal                     $3.5 billion     2003
South Africa               $3.5 billion     2005 est.
Denmark                     $3.3 billion     2003
Vietnam                       $3.2 billion     2005

Algeria                         $3.0 billion     2005 est.
Kuwait                          $3.0 billion     2005 est. [see Note 2]
United Arab Emirates     $2.7 billion     2005
Egypt                            $2.5 billion     2005
Malaysia                        $2.5 billion     2005

Switzerland                  $2.5 billion     2005 est.
Morocco                    $2.3 billion     2005 est.
Czech Republic          $2.2 billion     2004
Qatar                        $2.2 billion     2005
Thailand                   $2.0 billion     2005

Angola               $2.0 billion     2005 est.
Finland               $1.8 billion     FY98/99
Argentina           $1.8 billion     2005
Venezuela          $1.6 billion     2005 est.
Austria              $1.5 billion     FY01/02

Romania          $1.5 billion     2005
Jordan             $1.4 billion     2005 est.
Indonesia         $1.3 billion     2004
Iraq                $1.3 billion     2005 est.
Hungary           $1.1 billion     2002 est.

New Zealand     $1.1 billion     2005 est.
Bangladesh        $1.0 billion     2005 est.
Yemen                     $992 million     2005 est.
Syria                        $858 million     N/A [see Note 3]
Philippines                $837 million     2005 est.

Millions???  A few here a few there
Peru         $829 million     2005 est.
Nigeria     $738 million     2005 est.
Ireland      $700 million     FY00/01
Cuba     $694 million     2005 est.
Serbia and Montenegro    $654 million     2002
Ecuador     $650 million     2005 est.
Bahrain     $628 million     2005 est.
Croatia     $620 million     2004
Ukraine     $618 million     FY02
Sri Lanka     $606 million     2003 est
Libya     $590 million     2005
Sudan     $587 million     2004
Lebanon     $541 million     2004
Tunisia     $440 million     2005
Belarus     $421 million     2006
Slovakia    $406 million     2002
Uruguay     $371 million     2005 est.
Slovenia     $370 million     2005 est.
Bulgaria     $356 million     FY02
Madagascar     $329 million     2005 est.
Botswana     $326 million     2005 est.
Azerbaijan     $310 million     2005
Ethiopia     $296 million     2005 est.
Brunei     $291 million     2003 est.
Kenya     $281 million     2005 est.
Cyprus     $280 million     2005
Gabon     $254 million     2005 est.
Oman     $253 million     2005 est.
Cote d'Ivoire     $247 million     2005 est.
Bosnia and Herzegovina     $234 million     FY02
Luxembourg     $232 million     2003
Lithuania     $231 million     FY01
Cameroon     $230 million     2005 est.
Kazakhstan     $222 million     FY02
Eritrea     $220 million     2005 est.
Uganda     $193 million     2005 est.
New Caledonia     $192 million     FY96
Dominican Republic     $191 million     2005
Turkmenistan     $173 million     2005
Guatemala     $170 million     2005 est.
El Salvador     $162 million     2005 est.
Estonia     $155 million     2002 est.
Equatorial Guinea     $152 million     2005 est.
Panama     $150 million     2005 est.
Namibia     $150 million     2005 est.
Armenia     $136 million     2005
Bolivia     $130 million     2005 est.
Macedonia, FYR     $130 million     2005
Zimbabwe     $125 million     2005 est.
Afghanistan     $122 million     2005 est.
Zambia     $122 million     2005 est.
Guinea     $120 million     2005 est.
Senegal     $117 million     2005 est.
Nepal     $105 million     2005 est.
Congo, Democratic Republic of the     $104 million     2005 est.
Benin     $101 million     2005 est.
Latvia     $87 million     FY01
Congo, Republic of the     $85 million     2005 est.
Ghana     $84 million     2005 est.
Costa Rica     $83 million     2005 est.
Mozambique     $78 million     2005 est.
Burkina Faso     $75 million     2005 est.
Cambodia     $74 million     2005
Chad     $69 million     2005 est.
Liberia     $67 million     2005 est.
Trinidad and Tobago     $67 million     2003
Albania     $57 million     FY02
Uzbekistan     $55 million     2005
Rwanda     $54 million     2005 est.
Honduras     $53 million     2005 est.
Paraguay     $53 million     2003 est.
Mali     $50 million     FY01
Maldives     $45 million     2005 est.
Malta     $45 million     2005 est.
Niger     $45 million     2005 est.
Burundi     $44 million     2005 est.
Swaziland     $42 million     FY01
Lesotho     $41 million     2005 est.
Burma     $39 million     FY97
Fiji     $36 million     2004
Tajikistan     $35 million     FY01
Bahamas, The     $32 million     2005
Nicaragua     $32 million     2005 est.
Jamaica     $31 million     2003 est.
Togo     $30 million     2005 est.
Djibouti     $29 million     2005 est.
Haiti     $26 million     2003 est.
Georgia     $23 million     FY00
Mongolia     $23 million     FY02
Somalia     $22 million     2005 est.
Tanzania     $21 million     2005 est.
Belize     $19 million     2005 est.
Kyrgyzstan     $19 million     FY01
Mauritania     $19 million     2005 est.
Guyana     $17 million     2005
Papua New Guinea     $17 million     2003
Central African Republic     $16 million     2005 est.
Malawi     $16 million     2005 est.
Seychelles     $15 million     2005 est.
Sierra Leone     $14 million     2005 est.
Comoros     $13 million     2005 est.
Mauritius     $12 million     2005 est.
Laos     $11 million     2005 est.
Guinea-Bissau     $9.5 million     2005 est.
Moldova     $8.7 million     2004
Bhutan     $8.3 million     2005 est.
Suriname     $7.5 million     2003 est.
Cape Verde     $7.2 million     2005 est.
East Timor    $4.4 million     FY03
Bermuda     $4.0 million     2001
Gambia, The     $1.6 million     2005 est.
San Marino    $700,000     FY00/01
Sao Tome and Principe     $580,000     2005 est.
Iceland    0
Antigua and Barbuda    $NA     N/A
Barbados    $NA     N/A
Dominica    $NA     N/A
Falkland Islands [Islas Malvinas]     $NA     N/A
Faroe Islands    $NA     N/A
French Guiana    $NA     N/A
Gaza Strip    $NA     N/A
Grenada    $NA     N/A
Kiribati    $NA     N/A
Marshall Islands    $NA     N/A
Nauru    $NA     N/A
Palau    $NA     N/A
Saint Kitts and Nevis    $NA     N/A
Saint Lucia    $NA     N/A
Saint Vincent and the Grenadines    $NA     N/A
Samoa    $NA     N/A
Solomon Islands    $NA     N/A
Tonga    $NA     N/A
Tuvalu    $NA     N/A
Vanuatu    $NA     N/A
West Bank    $NA     N/A
Western Sahara    $NA     N/A

# SOURCE [unless otherwise noted]: Field Listing - Military expenditures CIA - The World Factbook 2002 -- The Military expenditures dollar figure entry gives current military expenditures in US dollars; the figure is calculated by multiplying the estimated defense spending in percentage terms by the gross domestic product (GDP) calculated on an exchange rate basis not purchasing power parity (PPP) terms. Dollar figures for military expenditures should be treated with caution because of different price patterns and accounting methods among nations, as well as wide variations in the strength of their currencies.

# Field Listing - Military Expenditures CIA - The World Factbook 2006

# World Military Expenditures and Arms Transfers (WMEAT) The 28th edition of "World Military Expenditures and Arms Transfers" (WMEAT), released on February 6, 2003, is the second published by the Department of State following integration with the U.S. Arms Control and Disarmament Agency, the previous publisher. The report covers the years 1989 through 1999 -- that is, the end of the Cold War and its aftermath.

# SIPRI data on military expenditure

# IISS - The Military Balance 2006


Note 1 - The officially announced figure is $24.6 billion, but actual defense spending more likely ranges from $45 billion to $85 billion for 2004

Note 2 - Kuwait has changed its fiscal year; the above figure is for be April-March 2005.

Note 3 - based on CIA Factbook data that may understate actual spending

Note 4 - Non-US aggregate real expenditure on military worldwide in 2007 remained at approximately the 1998 level, about half a trillion dollars. US spending increased from about $280 billion to about $625 billion.
Note 5 - CIA & SIPRI provide no estimates

Note 6 - The FY2008 budget requests $481.4 billion in discretionary authority for the Department of Defense base budget, an 11.3 percent increase over the projected enacted level for fiscal 2007, for real growth of 8.6 percent; and $141.7 billion to continue the fight in the Global War on Terror (GWOT)



The fiscal year (FY) 2004 Department of Defense (DoD) budget request was $379.9 billion in discretionary budget authority -- $15.3 billion above FY 2003. The fiscal 2004 National Defense Authorization Act, passed by Congress 07 November 2003, authorizes DoD to spend $401.3 billion. The fiscal 2004 Defense Appropriations Act, which actually provides the money, became law 30 September 2003.

On April 16, 2003 President Bush signed the FY2003 $79 billion wartime supplemental to cover the needs directly arising from Operation Iraqi Freedom and the reconstruction of Iraq. The Defense Department received $62.6 billion as a result of the emergency supplemental bill.

On Nov. 6, 2003 President Bush signed the FY2004 $87.5 billion supplemental appropriations bill for military operations in Iraq and Afghanistan. The bill provides $64.7 billion for military operations in Iraq, in Afghanistan and elsewhere, including about $51 billion is for Operation Iraqi Freedom, and $10 billion for Operation Enduring Freedom. The remaining $22.8 billion in non-DOD monies will cover costs with Operation Noble Eagle and support for allies in the war on terror.


Note 7 - 2006, $7.2 B national budget + $2.2B US assistance


Buddy can you spare a dime 
whats your two cents
 
 
 

   
Workshop
 Well, I did it. I went to see the 4x Made Easy seminar, or rather very pushy sales pitch.
It started on rather funny note. As I walked into the hotel, there was a large sign set up in the area of exhibit halls, saying “Psychic fair- palm and tarot reading”. It was right next to 4XME people table, as these events were in adjacent rooms. I started to laugh out loud drawing furtive looks from people.

Turnout was small, less than 20 people, while the competing “Psychic fair” was packed.
Speaker said he doesn't work for the company but is a user of the software and is getting compensated for doing these presentations. Fair enough. Since the audience was so small, he encouraged questions. He was stressing how much money can be made using the software, always using maximum leverage of either 100:1 or 200:1 or even 400:1 with some brokers. For example, a 300 pips move a day (always using High-Low figures), would have produced a return of as much as 1200% ! Impressive. I pointed out that using 400:1 leverage and a move going only 25 pips against you wipes out your account. “Do you recommend using maximum margin ?” I asked. “Well, not really” was the answer and proceeded to a function in the software which calculated the stop/ loss and target for each trade. “A billion dollars worth of technology is behind this function alone”, was his statement. Later on from some screen shots he presented it became apparent, that it was some fixed percentage of ATR. Nothing new there.
He continued to use extreme examples, like the move in GBP-USD on Wednesday, I think, a week ago, with a range of about 350 pips. Since the software gives signals by crossing lines,AND you have to wait for LARGE line separation, there was no way to catch the top and then get out at the bottom. One probably could pull out some nice profits there but nowhere near the extremes he was stating. I mentioned it, at which point he became irritated and suggested to keep the questions till after the presentation, because “we were running out of time”.
He finished his speech saying that this was an “opportunity of a lifetime” and we would be making “a great mistake by walking away without software”. His tone was really condescending and rather unpleasant.
If you bought the software on the spot, you would get a 2 day live course for free. Otherwise those classes are about 3000 dollars. To farther your education you can also attend “advanced workshop” for additional 6000 dollars. I wonder why? Supposedly the software comes with full tutorial, what do you need the classes for?
This whole “seminar” was an ultra high pressure sales pitch, quite distasteful. I didn't stick around for the speakers personal tips “To the first 5 buyers”.
At any rate, my personal feeling is, that the software itself, if used with great deal of discipline and diligence, can be profitable. The same can be said about any other trading tool. There is, however, one serious weakness there. You can only view about 20 periods of data back. That means a month on daily setting. In other words, you can only see signals and potential trades for that extremely limited time. I don't understand why they don't extend the look back time to say 500 bars. That should be easy to do, for an outfit which employs “A billion dollar worth of technology”. It also would make the software more convincing to people, if indeed it works as advertised. One of their representative called me during the week, asking why I hadn't bought it? I told him that if I see records of 100 consecutive trades, and the results are good, I'll buy it. He told me that was not currently possible. End of story.

We updated our website and you can see it here
http://www.spectrumforex.com/weeklycomments/12162007.html


My own trading was O.K. but nothing spectacular. CHF continued it's weakness, which I think will continue for another week or two. Personal highlight was a a nice trade in GBP-CHF.



 

We also had a decent trade in USD-CHF. After Friday's large moves it's hard to say if some kind of correction is in order. We will have to wait and see, but wherever we don't look, dollar looks bullish here. Some opportunities may lay in non USD crosses. Here is one that doesn't look too bad.



 

This might be good for about 80 pips.
Time to do the dreaded dead- go to the mall. I shiver at the very thought, but must do it.
Husar

 
 
   
 

Showing 1 - 5.   [ Next ]
 
Latest Comment
Re: Random Survey - So how is your summer going?

Read...


 
© 2005-2007 MindSay Interactive LLC
| Terms of Service
| Privacy Policy
My Account
Inbox
Account Settings
Lost Password?
Logout
Blog
Update Blog
Edit Old Entries
Pick a Theme
Customize Design
Modify Plugins
Community
Your Profile
Wiki Pages
MindSay Tags
Video & Photos
Geographic Directory
Inside MindSay
About MindSay
MindSay and RSS
Report Spam
Contact Us
Help