Week In Review

Quote of the Week

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. – That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, – That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.”

Please consider reading the entire Declaration of Independence this and every Independence Day.

Something Big is Going On

“If more hear the message of liberty, more will join in this effort. The failure of our foreign policy, welfare system, and monetary policies and virtually all government solutions are so readily apparent, it doesn’t take that much convincing. But the positive message of how freedom works and why it’s possible is what is urgently needed.” more…

Zinc Finger Proteins Put Personalized HIV Therapy Within Reach

PHILADELPHIA -PHILADELPHIA – “Researchers at the University of Pennsylvania School of Medicine and collaborators are using minute, naturally occurring proteins called zinc fingers to engineer T cells to one day treat AIDS in humans.” more…

Rogue Nation

“One gets the impression that there are some people in Washington who believe that Israel or the U.S. can bomb Iran’s nuclear reactors, fly home, and it will be mission complete.” more…

Government “Strike Teams” Invade Homes, Harass Flood Victims

“Shocking footage out of Cedar Rapids Iowa shows cops and government employee ‘strike teams’ breaking into houses of flood victims and threatening anyone who questions their actions in complete violation of the 4th amendment right that protects against unlawful search and seizure.” more…

The Non-Issue that Should Be an Issue

“Republicans used to talk about reducing the welfare state. I remember when candidate Ronald Reagan in 1980 promised to end the Energy and Education departments. Some Republicans, who themselves have caught the entitlement-spending/social-engineering bug, now propose the creation of a federal department of families. Indeed many Republicans, who once said they were against the welfare state, now brag they are better at running the welfare state than the Democrats.” more…

And now the numbers

DOW Jones Industrials – 11,288.54 (-57.97)
Wilshire 5000 – 12,815.47 (-265.55)
CSI 300 (China) – 2,741.85 (-74.17)
BSE 500 (India) – 5,161.93 (-205.26)
MICEX (Russia) – 1,666.75 (-99.16)
BOVESPA (Brazil) – 59,277.30 (-5043.81)
Gold/oz – 933.80 (+ 7.00)
Silver/oz – 18.16 (+ 0.68 )
Copper/lb – 3.861 (-0.079)
Oil/bbl (Brent) – 144.53 (+ 4.22)
Wheat/bu (CBT) – 8.875 (-0.245)
Corn/bu – 7.77 (- 0.10)
Rough Rice – 20.80 (+ 2.11)
Dollar/Euro – 1.5707 (-0.0092)
Yuan/Dollar – 6.8542 (-0.0028 )
Yen/Dollar – 106.735 (+0.605)
Dollar/Real – 0.6238 (-0.0014)
3 Month Treasury – 1.83 (+ 0.18 )
2 Year Treasury – 2.53 (- 0.10)
10 Year Treasury – 3.98 (+ 0.01)
30 Year Treasury – 4.54 (+ 0.02)
Prime Rate – 5.00 (UNCHG)
Fed Target Rate – 2.00 (UNCHG)
U.S. Public Debt – 9,473,062,472,197.15 (NEW)

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