Fibonacci Financial

Remember Lexington and Concord

The Right to Keep and Bear Arms is a Responsibility

Please follow my logic.  If the US Constitution acknowledges each US citizen’s right to keep and bear arms, is it not our patriotic duty and responsibility to own and know how to use arms in our own defense and in defense of our families, friends and fellow humans.  This  explicitly protected unalienable right acknowledges that we each, as citizens,  are the last line of defense against tyranny.  If we default on this responsibility and leave it up to our neighbor, what can we say of our level of personal responsibility to ourselves, our family and friends and community.

The Responsibility to Keep and Bear Arms is an Ancient Heritage

Where did the founding fathers get this idea of the right to keep and bear arms.  Much of our Anglo American (sorry dear reader – we were British colonies) legal patrimony is explained in Sir William Blackstone’s inimitable “Commentaries on the Law”.

Please Click on This to Read the Original!

You will probably need to zoom at 100% to read it.

This is a facsimile – most of the “S”s look like “F”s.

Blackstone Arms

As extracted from the above :

This comes from Blackstone’s discussion of  “The Rights of Persons”.

“And we have seen that these rights consist, primarily, in the free enjoyment of personal security, of personal liberty, and of private property.  So long as these remain inviolate, the subject is perfectly free; for every species of compulsive tyranny and oppresion must act in opposition to one or the other of these rights, having no other object upon which it can possibly be employed.  To preserve these from violation, it is necessary that the constitution of parliaments be supported in it’s full vigor; and limits certainly known, be set to the royal perogotive.  And lastly, to vindicate these rights, when actually violated or attacked, the subjects of England are entitled,

1. In the first place, to the regular administration and free course of justice in the courts of law;

2. Next to the right of petitioning the king and parliament for redress of grievances;

3. And lastly to the right of having and using arms for self-preservation and defense.

And all these rights and liberties it is our birthright to enjoy entire; unless where the laws of our country have laid them under necessary restraints.  Restraints in themselves so gentle and moderate, as will appear upon farther enquiry, that no man of sense or probity would wish to see them slackened……. I shall close my remarks upon it with the expiring wish of the famous father Paul to his country, “Esto Perpetua!”  William Blackstone, ESQ. “Commentaries on the Laws of England” Book the First, pages 140 and 141.

Why read Blackstone?

“The man who is ignorant of that which happened before he was born will always remain a boy.” – Tacitus, Roman historian.

And I join my voice to King Leonides, Blackstone, the founding fathers:  “Esto Perpetua” and “Molon Labe”.

Go Out and Invest in a Gun

You are the last line of defense for our liberties.  Go out and buy a gun and learn how to use it.  Oh, and reading between the lines in Blackstone, do it safely and responsibly – use common sense.   Not as those twits back in DC would define common sense, but rather as a “man [woman] of sense or probity” would define it.  Remember, that gun you own is the last line of defense against tyranny!

Desiderata Is A Bridge Over Troubled Water

Desiderata

Go placidly amid the noise and haste,
and remember what peace there may be in silence.
As far as possible, without surrender, be on good terms with all persons.
Speak your truth quietly and clearly; and listen to others,
even to the dull and ignorant; they too have their story.

Avoid loud and aggressive persons, they are vexations to the spirit.
If you compare yourself with others, you may become vain and bitter,
for always there will be greater and lesser persons than yourself.
Enjoy your achievements as well as your plans.

Keep interested in your own career, however humble;
it is a real possession in the changing fortunes of time.
Exercise caution in your business affairs,
for the world is full of trickery.
But let this not blind you to what virtue there is;
many persons strive for high ideals,
and everywhere life is full of heroism.

Be yourself. Especially do not feign affection.
Neither be cynical about love;
for in the face of all aridity and disenchantment
it is as perennial as the grass.
Take kindly the counsel of the years,
gracefully surrendering the things of youth.
Nurture strength of spirit to shield you in sudden misfortune.
But do not distress yourself with dark imaginings.
Many fears are born of fatigue and loneliness.

Beyond a wholesome discipline, be gentle with yourself.
You are a child of the universe no less than the trees and the stars;
you have a right to be here. And whether or not it is clear to you,
no doubt the universe is unfolding as it should.

Therefore be at peace with God, whatever you conceive Him to be.
And whatever your labors and aspirations,
in the noisy confusion of life, keep peace with your soul.
With all its sham, drudgery and broken dreams,
it is still a beautiful world.
Be cheerful. Strive to be happy.

Max Ehrman 1926

One of my favorite poems is read on You Tube.

This charming little film was built around the Incredible Bread Machine poem:

Remember the my blog post on June 29th?

In “If Bonzo Is Buying Then You Should Be Selling” we learned about how to identify a Head and Shoulders Top. So did the DJIA complete a Head and Shoulders Top yesterday?

Well let’s go through the checklist:

1.  Did the Dow have a strong rally leading into the distribution formation?   Yes!

2.  Did Dow form a head and shoulders top with declining volume on each peak?  Yes!

3.  Did the Dow break the neckline of a Head and Shoulders Top formation by 3%?   ???

Hint: that would require a close of about 250 points below the 8200 neckline – or below 7950.

The Answer is NO because the Dow closed at 8150 – close but NO CIGAR – YET……..

To be continued.  Remember how Bonzo is investing!  Stay tuned 

AGAIN

There are a wide variety of ways to participate in this opportunity ranging from the very conservative to the highly speculative.

BUT you need active guidance – Contact Us at Fibonacci Financial.

Do not get the idea that you can trade or make investment decisions from my blog entries.  These are an introduction to my services and do not constitute investment advice.

Who’da thunk you’d get great economic reporting from the Rolling Stone Magazine.

Infamous bank robber John Dillinger can’t hold a candle to Goldman and the Obama Boyz!

This is a must read.

Long Term Market Success and Wealth Accumulation Requires Patience

Currently All Markets are in Flux.

(Except recent recommendation to buy the US Dollar)

We are waiting for large declines in Gold and Silver before adding to core positions.

We are waiting for a short term decline then a final advance in the current bear market rally in stocks.  This will give us a final opportunity to liquidate stocks before the next killer decline.

While we wait, meditate on these wise words from the most famous stock trader of all time – Jesse Livermore.

“Cash was, is, and always will be – king. Always have cash in reserve. Cash is the ammunition in your gun. My biggest mistake was not in following this rule more often. Time is not money because there may be times when your money should be inactive… Often money that is just sitting can be later moved into the right situation and make a fortune. Patience-Patience-Patience. Patience was the key to success – Don’t be in a hurry.” – Jesse Livermore. How To Trade In Stocks, 1940.

Private Property is the most vital foundation of a Free Society & Your Prosperity!

Share this Video with your friends and family – Education is a Revolutionary Act.

Every Gambler knows the secret to survival is “knowing what to throw away and what to keep”

The MDD4 is meant to help you know what to throw away and what to keep.

No Dear Reader, Investing is not Gambling.   But most people who think they are investing really are gambling.

Gambling has a negative mathematical expectation.  Ergo, you lose in the long run! It is what keeps the lights on in Las Vegas and pays the massive bonuses on Wall Street.  .

But becoming a serious card player in games such as Texas Hold’em has many, many valuable lessons to teach investors about money management and the psychology of investing.  In investing, you are your own worst enemy.

If you feel you could use my help please drop me a line.

How do we know when

to go against Bonzo (aka: the crowd)

and be a Contrarian Investor?

The Dow Jones Industrial Average is currently providing us with a classic case to use as a teaching tool. 

The Dow is telling us that it most likely will go DOWN.  It is signaling this with a technical formation called a “Head and Shoulders Top“

Before you look at the current Dow chart please read from the classic description in Edward’s and Magee’s Technical Analysis of Stock Trends.  Start with the paragraph below the titled – The Head-and-Shoulders.

Ok, now  please  read one more page and review the sample chart. 

And now the Dow

And how do we know

that the Dow will probably break through the neckline

and enter an intermediate size decline?

WE can get a pretty good idea from the current message being telegraphed to us from the Dow Bullish Percentage Index (aka BPI).

As can be seen on the above chart the Dow has been selling in overbought territory for almost a month.

Watch for a breach of the 8200 Dow level.  If the Dow penetrates the neckline at the 8200 level it will decline much further.

There are a wide variety of ways to participate in this opportunity ranging from the very conservative to the highly speculative.

BUT you need active guidance – Contact Us at Fibonacci Financial.

Do not get the idea that you can trade or make investment decisions from my blog entries.  These are an introduction to my services and do not constitute investment advice.

In these hard times when we are overwhelmed by the “Cult of Public Service” chant (eg: Obama’s and Kennedy’s “Americorps”), I would like to share one of the greatest charitable secrets in the universe.  If you really want to help people in these hard times, listen to what F.A. “Baldy”  Harper had to say.

F.A. “Baldy” Harper R.I.P.

As incentive to read Baldy’s article I will give a silver eagle to the first ten people who let me know that they read the entire article (click the “Charity” tab at top of this page).  The best way to spread wisdom is to share it.  Please share this article with your friends and loved ones.

To enjoy the wisdom of the Saunts, click on the “Charity”  page tab at the top of this blog to find Baldy’s article on the Greatest Charity.

PS:  I first read this article some 20 years ago and it has greatly inspired the subsequent course of my life.

PPS: I must run and haven’t had time to finish editing the article yet.  But be brave and don’t wait.