Ulster County GOP Candidates Highlight Annual Republican Committee Dinner

Peter Rooney Proves Assembly Candidates Can Be Cool

George Phillips, a congressional candidate who offers economic growth and an end to Maurice Hinchey's antisemitism

State Senator William J. Larkin kisses County Committee Chair Robin Yess

The Ulster County Republican Committee had an excellent turnout for last night's annual dinner.  I didn't make a headcount but there were over 100 people there at $95 per plate. The Hudson Valley Resort and Spa's banquet was good as were the hors d'oeuvres, but the big news of the evening was the keynote speaker, George Phillips.  Given this week's exposure by Ed Koch and American Jewish Congress chairman Ron Lauder that nine-term Ulster County Congressman Maurice Hinchey is an anti-Semite, Phillips got positive news today:  Karl Rove has announced that his American Crossroads organization is going to provide $300,000 in soft money for Phillips's campaign.  This is the best development for freedom since the New York Times's stock price fell to below $5 per share (the tabloid's stock now trades at $8.59, evidence nevertheless that the fourth generation of Ochs Sulzbergers to inherit the tabloid are as inept at business as they are at journalism--the Ochs Sulzbergers are a living argument in favor of their stand on the inheritance tax. The problem is that they always manage to exempt themselves from their inheritance tax proposals).

The speakers at the dinner were excellent. These included Pete Rooney, who's running for Assembly, Fawn Tantillo who's running for county comptroller and  Senators Bonacic and Larkin.   Phillips opened the proceedings with a dynamic speech.  His economically illiterate and antisemitic opponent, Maurice Hinchey, has much to fear.

Robin Yess put together a wonderful event at the Hudson Valley Resort and Spa

Hinchey's Anti-Semitism May Cost Him His Seat

Ed Koch's recent endorsement of George Phillips has underscored Congressman Maurice Hinchey's longstanding anti-Israel and anti-Semitic pattern.   Glenda McGee just forwarded a Politico article that mentions Hinchey as one of an unusually large number of threatened Democratic congressional seats this year.  I was just down in Broward County, Florida visiting my dad and noticed a huge number of signs for Allen West, the wonderful Afro-American conservative running down there. Given the atmosphere of disdain for liberal Democrats, Hinchey's anti-Semitism may put the kibosh on his election.  

 

Abortion Doctor Curtis Boyd Calls Himself a Killer

H/t Patriot246:

DBA versus GLD

The top chart shows the historical trend of the agricultural index exchange traded fund (ETF) Deutsche Bank Agricultural Index, DBA and the bottom chart shows GLD since late 2005.  The DBA chart had a double top two years ago just prior to the crash of '08. Double tops are a classic technical signal of an impending decline, and it worked in the case of DBA.  I googled the DBA and found a few technicians commenting on it to the effect that it has been/is a weak stock because of the double top two years ago.  Note the contrast with GLD, which has had a relatively steady upward trend, having taken a small double top and dip during the '08 roller coaster but recovering quickly and profoundly.

I have a problem with that combination of facts, though.  If gold is going up it is because of monetary demand, that is, people want to use gold to save instead of dollars, then people anticipate inflation and therefore DBA should go up.  If gold demand has a logical foundation, then inflation is impending.  If inflation is impending, then agricultural prices should be going up. This is especially true because the inflation has been caused by over-investment in real estate due to Federal Reserve and commercial banking's counterfeiting money and then investing the proceeds in politically favored industries, namely construction and real estate.  To expand investment real estate, the supply of agricultural land had to be reduced. Hence, there would seem to be upward pressure on food prices.  Last week DBA went up six percent in one day.  Since June, when DBA hit its low, it has gone up 28%, from $22.85 to $28.52.

The technicians may underestimate the effect of the underlying process of monetary inflation on long term food prices.  I bought DBA about two years ago and I'm up about 12%. The DBA has underperformed both gold and the stock market during that period. It may be subject to further downward fluctuations (the technicians have asserted this until recently) but given the recent trend it may be that the lean years are coming to an end for DBA.