"You know what the news is-- in a minute, you're going to hear the rest of the story"- Paul Harvey

The stock market came under pressure today after JP Morgan said it would write down mortgage-backed assets totaling $1.5 billion. In addition, Goldman Sachs fell after analysts said a slowing economy would hamper earnings.

The dollar rose to a 5 1/2 month high against the Euro leading to a further drop in oil prices. In addition, Russia called off military operations in Georgia.

On the subject of the Georgia-Russian situation, I had to laugh when our fearless leaders told Russia to halt their "aggression", and leave Georgia alone. Even the NWO's presidential mouthpieces, John McCain, and Barack Obama called for a cease-fire.

Isn't it amazing that in the rest of the world the press knows that Georgia initiated the violence that killed Russian peace-keepers and hundreds of civilians in South Ossetia. By the way, the Russian peace-keepers were in the country with the permission of the Georgian government.

And if our idiotic politicians want to debated initiating violence, and fighting a war that has no defined enemy, they should look no further than Iraq and Afghanistan. At least in Russia's case Georgia violated its agreement with Russia by attacking South Ossetia, and killed Russian peace-keepers in the process.

What's really strange is the Russians claim that the war in Georgia was orchestrated by the US. As I dug into the situation a little I found that the U.S. government was involved.

Keeping an eye on Wall Street is tough enough, but when you have to keep an eye on Washington too, things can get exhausting.

As we head closer to the election, I have a prediction to make. If Barrack Obama is elected president, he will not end the war in Iraq, and our troops will remain. So, I believe those voting for Obama thinking he will end the war will be very disappointed. I will not waste my time predicting what John McCain will do. I think that is obvious.

Oh, by the way, Congressman Ron Paul said he believes that House Congressional Resolution 362 paves the way for a military strike against Iran. Paul said,

“The frightening thing is they say they are taking no options off the table, even nuclear first strike,” “That is my sense because the Democratic leaders in the House are proposing no resistance whatsoever, “We saw this when a supplemental bill came up and the president asked for $107 billion for the war, the Democrat leadership gave them $162 billion.

“It is still totally bewildering to me when I see men and women in the Congress that I know and like doing this just to get along. Most of them will say ‘I agree with you on all you say but the Iranians are bad people and they might attack us some day. . . . I hear members of Congress saying if we could only nuke them.’”

Stay tuned a the oil trade during September-October time frame. I beginning to warm up to the idea.