Informed Citizenry Informed Citizenry: The Value of Debate by Joel Bowman The Rude Awakening Wall Street, New York Tuesday, December 27, 2005 Joel Bowman argues the benefits of an Informed Citizenry. ------------------------- - Knowledge is power – but what do we do with it now?
- The explosion of blogs and the virtues of a fiery
debate - Where are you getting your information? And,
- Your seat at the discussion table is reserved for
only 5 more days...
------------------------- Joel Bowman, reporting under the influence of 3 large Mexican coffees... Here in American, a powerful new bull market is developing...in political debate. Whatever the merits or flaws of your President's foreign policy, it has produced one very positive result: A renewed interest in debating political issues. Your Australian editor welcomes this new bull market. Apathy always dooms democracy. Debate ensures its vitality. The latter is better. America has always hosted a diversity of viewpoints. But this diversity has not always produced an animated exchange of ideas. Instead, a pandemic of political correctness has seemed to anesthetize the nation's political instinct. Where once Americans would respond to contrary views with an animated debate, they now respond with phrases like, "It's all good, bro." But the urge to debate is making a comeback...especially through the blogs of the Internet and other Web-based media. Yesterday, your junior editor strolled into a bookstore that locals affectionately call, "Anarchy," perhaps because its inventory of titles represents diametrically opposing viewpoints. There are books about neoliberalism, feminism, fascism, anarchism, conservatism and a range of other, more obscure 'isms.' What better place to pen today's discussion on the American political climate... --- Advertisement --- Only 5 Days Left The Reserve Doors are Open Again...For Now. Have the greatest financial minds in the world working for you...for 96% off. The perfect investment is available to you again at a special price, but only until Jan 1, 2006. Don't miss your opportunity to secure your own Agora Financial Reserve membership. http://www.isecureonline.com/Reports/AFR/WAFRF9B2/ ------------------------- The Value of Debate By Joel Bowman "A large Mexican brew and a bagel with pesto please," I order from a man in a tie-dyed bandanna and torn jeans, the hallmarks of all seriously free-thinking twenty-something individuals since the 60's. "You're not from around here," he correctly deduces from our non-American accent. "A little further away...mate," I reply, nudging him in the right direction with a conspicuous colloquialism. "Well, let me just apologize for inflicting the current administration on you," he offers. Hmmm...nothing like an unprovoked political opinion to start your day, regardless of which side of the fence you reside. Far be it from your antipodean editor to claim enough knowledge of the intricacies of the present American political environment to consider himself decidedly "Red" or "Blue." Indeed, the number of unknown quantities in American political science is so great that for me that to lend my support to one side or the other would be reckless, to say the least. I am not here in the U.S. of A to praise or condemn Bush, but merely to earn a few dollars, pay the taxes I owe...and visit New York City as often as possible. Nevertheless, I am inquisitive... Informed Citizenry: Everyon Has an Opinion I arrived in the United States back in 2004, just as the media machine was loading up for the barrage of mis/information it would unleash on an enthused and impassioned voting populace. In the post-911 America, it seemed like everyone had an opinion. I recall a plethora of "Vote Bush" bumper stickers and "Kerry 2004" signs on people's front lawns. This was vastly different from anything I had seen in pre-election months back home in Australia. Everywhere I went in my new home I was met with media catch phrases. It was all, "weapons of mass destruction this" and "swiftboat that". I remember feeling excited and invigorated by all the discourse in bookshops, churches, 7-11s, bars, libraries and almost everywhere I ventured. But the debates did not die down after the election, as one would have expected. Instead, they have intensified. One need only look at the growing popularity of blogs and alternative media, making information and opinion available to a growing, vigorous contingent of media consumers. Democrats and Republicans moan and complain about the perils of a divided nation. What they seem (to us, at least) to pay little attention to, is the value of a citizenry becoming more motivated and determined to be informed. An article posted by Whiskey and Gunpowder editor, Greg Grillot, over the weekend serves as a timely example of such an enthused readership. In his article, titled, "Liberty or Safety..?" Greg makes the case for impeaching George Bush on the grounds that he has acted unconstitutionally by 'spying' on the American public without court warrants. Greg provides an excerpt from the 4th Amendment of the Constitution to argue his case. "The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures shall not be violated..."
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Some people will contest the interpretation of the word "unreasonable" saying that in times of war, it is not unreasonable for the Commander in Chief to make the decision to conduct such surveillance as he has been conducting. Too be sure, both sides have valid points. But the fact that both sides are keen to present their points of view is the most important point of all. Greg's email box was flooded with opinions from both Democrats AND Republicans, weighing in with arguments of their own. Informed Citizenry: The Time to Debate Is Now An interesting point about this was raised on Meet the Press this morning. In a discussion with Tim Russert and Tom Brokaw, Ted Koppel noted that if the United States is attacked again, we may not have the luxury of having this debate at all. An emotional and reactive citizenry, bent on hunting down terrorist cells at ANY cost, may redraw the line in the sands of personal liberties. "The appropriate time to have this discussion, this debate, in Congress, in the media, is now." Mr Koppel asserts. "I'm not prejudging what the outcome would be...But let's have the debate. Let's argue these issues out before it's too late." An educated and informed citizenry, active in it's pursuit of truth and knowledge, is obviously far more productive than an apathetic one. Rather than becoming bellicose with a neighbor who harbors a dissenting opinion, should we not be encouraging debate and investigation of the subject? We live in a land where a coffee shop sympathetic to communist causes can operate a roaring trade next to a capitalistic car dealership...or a newsletter business. Whether you agree with the Coulters or the Colmes', the O'Reillys or the Frankens, or even if you see them simply as caricatures of serious political debate, one can hardly argue with the impact the proliferation of such voices have had on the American public. For right or left, red or blue, the discussions are on the table. New communication technology is allowing access to information for an increasing number of inquisitive minds. History has seen the United States pull together in the face of turmoil, both external and internal. Vigorous, well-informed debate is the first step to determining what direction is best for the country...your country, that is. Cheers, Joel P.S. Lively debate is no less valuable in the investment sphere. If an investment idea cannot withstand criticism, it probably does not deserve a recommendation to our b readership. Debate has a way of separating worthwhile ideas from worthless ideas, both politically and economically. That's why our publisher, Addison Wiggin, insists that all of our editors convene regularly to debate their ideas. It is exactly this kind of intense exchange of ideas that has seen the rise and rise of the Agora Financial Reserve. You can enjoy the benefits of the outcomes of these discussions by securing all our best research and information...for life. Whether you are interested in profiting in the explosive small cap market, or a particular sector like resources or technologies, you stand to benefit greatly by having this tool at your disposal. As your investment strategies change over the coming years, you can be safe in the knowledge that we've got you covered with the best information we can offer. Reserve your seat at the table before Jan 1, 2006, and you'll also save a significant chunk of change. Learn more about our premium service right here: The Agora Financial Reserve - Doors Are open, for Now http://www.agora-inc.com/reports/AFR/EAFRFC02 --- Advertisement --- 4 Minutes a Week is All it Takes... TRIPLE your money over the next 6 months... GUARANTEED! Introducing one special "alternate" investment - which does not involve buying stocks or bonds and even soars when stocks fall apart... Just over the last two years, you could have made at least eight times more buying this secret investment instead of buying traditional stocks... Is that something you are willing to pass up? Learn about this GUARANTEED investment secret NOW! http://www.agora-inc.com/reports/RTA/ERTAFB56 ------------------------- [Joel's Endnote: If you are reading this e-letter, chances are you also satiate your thirst for knowledge with information from other sources on the Internet. I'd like to hear where you enjoy getting your information from in this, the new age of communication technologies. Be it from obscure blogs, the mainstream press or other e-letters just like this, write to your over-caffeinated editor at aussiejoel@the-rude-awakening.com and let me know where to look. Cheers, jOEL And the Markets... | Friday | Thursday | This week | Year-to-Date | DOW | 10,883 | 10,889 | 8 | 0.9% | S&P | 1,269 | 1,268 | 1 | 4.7% | NASDAQ | 2,249 | 2,246 | -3 | 3.4% | 10-year Treasury | 4.38 | 4.43 | -6.00 | 4.34 | 30-year Treasury | 4.55 | 4.61 | -10.00 | 4.50 | Russell 2000 | 686 | 684 | 3 | 5.4% | Gold | $502.80 | $503.60 | -$0.45 | 14.9% | Silver | $8.57 | $8.53 | $0.05 | 25.8% | CRB | 326.31 | 326.76 | -0.05 | 14.9% | WTI NYMEX CRUDE | $58.43 | $58.30 | $0.37 | 34.5% | Yen (YEN/USD) | JPY 116.23 | JPY 116.68 | -0.50 | -13.3% | Dollar (USD/EUR) | $1.1874 | $1.1874 | 139 | 12.4% | Dollar (USD/GBP) | $1.7348 | $1.7381 | 371 | 9.6% |
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