Confab in Copenhagen
Research for Online Investors

by John Dalt

12/17/09

The confab in Copenhagen is winding down; Maobama is arriving tomorrow to save the day. Secretary of State, Hillary Clinton opened the checkbook this morning with, "The United States is prepared to work with other countries toward a goal of jointly mobilizing $100 billion a year by 2020 to address the climate change needs of developing countries." One guess who the biggest contributor will be…

It seems the meetings are now getting down to the nuts and bolts of the problem. It is not climate change, it’s how much money are the ‘developed’ countries willing to give the ‘developing’ countries. We knew this was coming; Maobama will grovel for approval, with our money. After all, he won the Nobel. Reuters has the latest on Copenhagen, “U.S. backs $100 billion fund, World Leaders Meet.”  Watch for film of all the world's delegates leaving Copenhagen in Limousines and Jumbo Jets, thinking about cutting carbon emissions.

Clean up the mess; wipe the egg off your face. Yesterday’s first line in MarketToday said, “Iran launched a Senjii 2 missile…”, it should have read, “Iran test fired a Senjii 2 missile.” I apologize for the poor choice of words that gave the impression the missile was fired in an offensive or belligerent way. I received feedback that the headline was not clear. Proof reading did not catch this mistake, it is embarrassing. I try to bring you accurate information that will help keep you informed of events, and how it may affect your investments. I never try to mislead you. I apologize for this error.

The Associated Press has reported about a killer in your home.  This killer is responsible for an estimated 300 deaths last year, and over 7,000 injuries that required a trip to the emergency room.  Most of victims were young children.  According to the Ohio based Center for Injury Research and Policy, “Every day…about 40 young children are rushed to emergency departments with injuries after a  ________ has fallen on them.”  The real killer in your house?  Your television.

According to the Children’s Defense Fund, a liberal progressive group filled with world changers, only 196 children under 19 were killed by gun accidents in 2006  Our conclusion: Televisions are 50% more likely to cause an accidental death in the home than guns.  Beware, as televisions get smaller, and more portable, teenagers outside the home could use them.  I love statistics.

Bernanke was passed out of the Senate Finance Committee to the full Senate on a 16-7 vote. Some would say you have to be doing something right to have members from both parties vote against you.   We have a different take, the job should be eliminated. Do we need a federal reserve to kill the value of a dollar? It seems the congress is doing a good enough job by themselves. The Fed allows our government to spend money they do not have. I imagine you can hear it in the halls, “Don’t worry, Ben will print some more!”

On the other hand, I am not sure many members of congress have a basic understanding of economics. Much less, macroeconomics. It really is basic, the more money chasing goods, the more goods cost. But why be troubled by simple concepts. You can read our Nov. 30th explanation on monetary policy, “Trading Batteries.”

If you would like to watch a historian talk about today’s political landscape, and his vision for action in the U.S.A., nine minutes of inspiration.

The information presented in this newsletter is based on generally available news releases, corporate filings, current events, interviews and the editor’s opinions.  It may contain errors and you should not make investment decisions based solely on what you believe you have read here.  Do your own research, it is your money.  If you lose it, it is your responsibility, not ours or your grandmothers!  The editor may or may not have a position in any securities discussed.  The editor may have held a position in a security earlier, or in the future.

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