Wall Street Strategies
Hello! Sign in or Register


Question of the Week

Want to Hear from You

What do you think about blueprints online that allows anyone to print out a plastic handgun?
Post your answer below.

Morning Commentary

More Fodder to Junk Constitution or Crossing the Line?

By Charles Payne, CEO & Principal Analyst
5/7/2013 7:45 AM

There is a serious push to junk the US Constitution, and it's not going away anytime soon. It's scary to think, but the same approach for legalizing pot and for pushing immigration is being used. Chip away with a subtle approach aided by some folks on the fringe, then make the circle tighter and tighter. I saw an ad for a new television show that teased something about the Constitution keeping up with the times. This is a favorite approach, the notion the Founding Fathers couldn't fathom cell phones and machine guns, so this "old piece of paper" is a relic.

The one thing we know has never changed and never will is human behavior. The Constitution provides checks and balances that protect against the worst instincts of checks and balances. And while key players were also slave-owners, it doesn't make the document void or less valid, it just means these men had flaws. The point is that over the next three years you will witness that all the surface battles will really be proxies for an even bigger prize-a new constitution based on universal laws (read United Nations) coupled with natural laws (read pagan)- that focuses on a Voltaire-like nation of fairness.

Typically, when there is an attempt to junk something as vital and important as the Constitution is to the United States, opponents look for that major event to drive home change.

Many thought it would be Newtown but that didn't work, although now inner city politicians can blame gun owners in the suburbs or different states for young people in their own districts slaughtering each other. Hollywood can tweet about the evils of guns even as violence has not taken a week break in their world. The critics have their platforms but missed badly on their attempts to use a senseless slaughter of innocents, and now they want to claim blood is on everyone's hands who believe in the Second Amendment.

New Battle Ground

There have been few people as excited about 3-D printing as I have been. I simply think it's the most revolutionary thing in more than a decade. But, what if this burgeoning technology gets caught in the crosshairs (pun intended) of the battle to destroy the Constitution? Apparently, there's an outfit that claims it's perfected the 3-D printed plastic handgun and will release instructions over the internet this week. They're calling the gun "The Liberator" and it could up-end a lot of things and make the fight over so-called gun control moot.

It certainly bears watching for all its implications. I must say there is hype that one day an entire airplane could be printed, so a handgun would be child's play. Of course, that's a frightening thought, but it might happen even if those rights, now guaranteed in the Constitution, are stripped or the entire document is junked or rewritten.

Here's the website for more information: http://defdist.org/

The Market

With the bias firmly to the upside the market is poised to open stronger this morning. There is a dilemma surfacing - to chase or not to chase or to find stocks not at 52-week or all-time highs. It's okay to chase stocks where the underlying fundamentals are moving faster than the share price. The problem comes with hiccups and profit-taking. Once again it boils down to our main theme of investing - looking under the hood.


Comments
http://en.wikipedia.org/wiki/Luddite

Gary D. on 5/7/2013 7:54:30 AM
The right of the people to bear arms shall not be infringed. I'm all for it.

Ken King on 5/7/2013 10:08:49 AM
Outstanding! Gun control is not about guns, IMO, it's about people control.

"FACT-FREE GUN CONTROL CRUSADES
By: Thomas Sowell
4/30/2013 10:12 AM

Amid all the heated, emotional advocacy of gun control, have you ever heard even one person present convincing hard evidence that tighter gun control laws have in fact reduced murders?"

Norman Hovda on 5/7/2013 10:11:52 AM
Now its time to register all 3-D printers!

z on 5/7/2013 10:50:06 AM
WHILE I am for Background check,Magazine greater the 12 shot.
I support fully the right to bear Arms.

But would forbide Gun Weapon making on DDD printers.

Bu then again where is the Democraty the freedom will be cut cut whoever whatever organization likes. THE POWER RULER THE BUSINESS THE GANG the little guy is just a sucker

Josef Brunner on 5/7/2013 11:00:29 AM
Technology marches on. I can't wait until I can print out my own bow and arrow.

Dennis Howard on 5/7/2013 11:21:11 AM
Mr. Payne,

I always enjoy your morning newsletter and this morning even find myself motivated to comment! :)

As far as the plastic gun goes, without giving away to many "secrets" to the "other side" I'd like to make you aware that making a gun at home is, and has been perfectly legal for 100's of years. Yes - even AK's or AR's can be manufactured at home, with the help of a drill press or mill and very little knowledge, and wha-la! You have a gun that does NOT need to be reported to the Government. Most aren't aware of this, nor as an avid gun collector and maker do I want the "anti's" to know about it, but it is completely possible and being done every day in this country. Google "80% lower" and you'll see what I mean.

Thanks again for the daily insights and chuckles, you always brighten up my day :)

Michael Gracy
Burbank, CA

Michael Gracy on 5/7/2013 11:27:29 AM
The Constitution was not designed to protect us from ourselves. It was designed to formulate a constrained system of federal government. That the framers could not have envisioned the technologies of the future is moot. What they could see into the future was the same thing they gleaned from history - the nature of man and the tendency of governments to become overbearing, self-serving, liberty robbing behemoths. The Constitution is not only the document that gave birth to the federal government, it is also the document that binds and constrains that government and protects us, we-the-people, from it. Those who would have it change with the times simply have no training in civics nor understanding of liberty and individual freedom.

George on 5/7/2013 11:33:01 AM
Why the question? There is clearly no serious problem with being able to build a plastic weapon, other than whether it would be of good quality construction.

The US Comstitution, including the Bill of Rights, is a brilliantly conceived document. It has served the world well, producing a society whose citizens have served the people of the world well. Only 4 score years ago, we saved the world from fascism. Had it not been for the USA, they would be speaking German in London, Paris, and Moscow; and Japanese in all of western Asia. The Constitution is clear that the there is to be no lessening of either the right to keep or the right to bear weapons. It is intrinsic in this idea that one should be able to obtain weapons, and obtain weapons of all technologies. .

Hundreds of people have been killed in mass shootings in the past couple decades. The last I heard, the only persons killed by a legally obtained gun in those shootings were the shooters. No restrictions are called for on gun ownership by the facts, other than possibly the idea of felons giving up their rights.

Control of errant behavior never works by trying to control the tools used. It comes only from the inside, from the values held by the people of the society. If one wants to make our society safer, one should shift from trying to destroy the 2nd amendment to trying to restore the 1st and 10th amendments. If prayer had never be removed from the schools in contradiction to those explicit rights of the people, I doubt we would be falling as a society today both socially and economically.

Bob G on 5/7/2013 11:36:11 AM
Why do pressure cookers get a pass?

Rich on 5/7/2013 1:03:32 PM
Supreme Court Justice Joseph Story, 1833
"The right of the citizens to keep and bear arms has justly been considered, as the palladium of the liberties of a republic; since it offers a strong moral check against the usurpation and arbitrary power of rulers; and will generally, even if these are successful in the first instance, enable the people to resist and triumph over them."

So don't ask me why I need a military style rifle with a large magazine!

Alan Kunard on 5/7/2013 1:12:15 PM
Knives can be found in any kitchen, but that doesn't cause people to freak out and go around wantonly stabbing each other. I don't know why this anti-gun frenzy isn't being redirected to target cars, which are much more randomly lethal than guns.

Patricia Flynn on 5/7/2013 3:05:44 PM
Oh, what a web they have woven! No plastic guns, please - or what will be next. Today's commentary is the most frightening yet. But we need to know about these threats to the Constitution. Thank for the heads up.

Carol Brook on 5/7/2013 4:28:44 PM
This is one of those rare times when I just
have no opinion on this subject. You can't stop it so let it happen and hope for the best.

Tom Wayne on 5/7/2013 7:14:23 PM
Once they start changing it, they will destroy it.The Constitution is the glue that holds us all together, the only thing lately. We did not have it in Germany and
look what happened there.....If the White House does this, malfeasance !!!!When do we bring out consentration
of impeachment immediately at any cost.

camps??Will that wake up Americans of all colors ? We have never been in
more danger than today from within.....
.



Tom Wayne on 5/7/2013 7:22:32 PM
The controversial historian Charles A. Beard said "...one of the best ways to get yourself a reputation as a dangerous citizen these days is to go about repeating the very phrases which our founding fathers used in the great struggle for independence". Surprisingly true, even today.

Ron V on 5/8/2013 2:30:11 PM
A very dangerous idea. Anyone with a mental illness, for example, would be able to use this technology with no way to control it. From creating a gun to who knows what else?

Gene on 5/9/2013 12:47:45 PM
Don't ban or tax or regulate 3D printers ... please I own DDD ! Much better impose a heavy Federal excise tax on bullets and use the proceeds to buy back 10 year treasuries.

Paul on 5/10/2013 9:47:57 AM
Don't be on the wrong side of the pot issue! I will not be the one pushing one way or the other, but understand this, Marijuana's gains, far outweigh the downside, however large you see that downside as being! Investing in it? Sure!

ed schneider on 5/10/2013 3:38:51 PM
If the treasury can print 17 trill of debt.If barney mae/fred mac can give plastic to non credit worthy. Then perhaps Ben will print the 3d ammo.More Gun/"press" freedom control?

F.Lights on 5/11/2013 10:05:44 AM
 

Log In To Add Your Comment


Home | Products & Services | Education | In The Media | Help | About Us |
Disclaimer | Privacy Policy | Terms of Use |
All Rights Reserved.

 

×