About Author: Rick King

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Reflection of Labor Day’s Origins and the State of the Economy

Those of you that know me already know that I am a historian. I look to the past for signs of tomorrow. The wise from our past accurately left us the saying "history is destined to repeat itself" for a reason. Many of those soothsayers or oracles from humanity's past were simply those who understood this correlation. So let's look at...

By Rick King -

Those of you that know me already know that I am a historian.  I look to the past for signs of tomorrow.  The wise from our past accurately left us the saying “history is destined to repeat itself” for a reason.  Many of those soothsayers or oracles from humanity’s past were simply those who understood this correlation.  So let’s look at Labor Day.  The first Labor Day celebration was on Tuesday, September 5th, 1882, and was founded in New York City itself. Although federal legislators gave emphasis to this day to celebrate the accomplishments of the working man, it was the state legislative steps that first put Labor Day on the books, starting with New York and Oregon, and eventually trailing to other states, as led by Colorado, Massachussetts, and New Jersey.

Over the years, the focus and enthusiasm for Labor Day has ebbed and flowed with the popular themes of the time.  During post-war years it was seen as an opportunity for political emphasis on restoring jobs to those who sacrificed their time in the armed services, and also to refocus our nation on the matters at hand.  During major recessions or the Great Depression it was seen as an opportunity to restore faith in the national unified effort to achieve great things by putting the work force to task, and recognizing how vital they are and were to our way of life.  Without a free market economy, and the capitalism that produces the very things we enjoy by virtue of our economic freedoms, what you see today would not exist.  Therein lies the problem.

I have been concerned in recent years.  The nation’s focus has more been a lack of focus than a precise aim at achieving greatness and preserving freedoms.  We see endless hours of news coverage regarding things like O.J. Simpson, or Britney Spears, or Casey Anthony, or God help me Lindsay Lohan.  When a nation becomes so distracted from its true purpose that it lacks the national will to avoid complacency, it begins to stagnate.  When that happens, the will of the people, which used to focus it’s political will toward a common goal, strays.

I am not saying hope doesn’t exist.  We have been here before.  In tough economic times, Americans look to lighter matters sometimes to keep from becoming downright miserable.  Sometimes that is what allows us to tread each step one at a time until we pull the wagon out of the mud.  Laughter is after all, the best medicine.  That said, what seems to be more serious in this era is our lack of drive to focus our political leaders.  What is a politician after all?  Their true purpose was our own design.  To speak for and represent the citizens.  How often do you even hear the word citizen now?  How often do the politicians we see on television actually respect and fear the will of the people?  Sadly those moments are far and few between.  In some ways we have lost our way, our true purpose in this world.

In some of the darkest moments in world history, our nation, our people stood to turn the tides when it was important to do so.  Think about this:  How would World War II have gone if nearly every single citizen of the nation had not been engaged in producing and manufacturing tanks, airplanes, jeeps, trucks, ships to move us through Europe and the Pacific?  That generation was our last to truly understand.  Back then if you asked them, it was their “DUTY” to do these things and they accepted these measures with humble ascertitude.  It was more a matter of honor.

One thing that I think truly restored us, one of the true measures of our will that was proven right after the Great Depression were the public projects undertaken.  Instead of printing off more and more currency to line the pockets of the lobbyists and bankers, who now use the guise of “QE1″ and “QE2″ to save our economy, our leaders in those years actually used the money to FUND LABOR PROJECTS.  Dams, Bridges, National Parks, National Forests, Trails, Roads, were all projects undertaken by measures we had never before seen.  We introduced the Civilian Conservation Corps.  The CCC was VITAL to our country’s restoration during a tough economic period.  Without them nearly every major historical landmark, or public project we inherited from that period would not exist.  All of which we seem to have forgotten.

So my challenge to our leaders is this:  Stop spending the life’s blood of our economy, our currency, on the banks.  Stop giving it to failed corporations.  Give it to those without jobs and fund another version of the CCC or a federally funded version of it.  Give back the power and hope to the citizens of this nation.  We haven’t failed you before, and we won’t this time.  On that same token, remember also who runs this Country.  Political Leaders are elected.  Even without a fair and balanced electoral system, politicians seem to have forgotten what happens when they stray from their intended purpose and disregard the will of the people.  I see us approaching a critical moment in our history.  Let us not go down the path of ancient Rome.

 

 

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Kingofalltrades.com Announces First Official Market Analysis Contest

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King of All Trades Founder, Rick King -

Today I am proud to announce our first ever Market Analysis & Financial Writing Contest in celebration of our third calendar year of growth in the investment arena.

As a result of your support, I’ve decided it’s time to raise the stakes, and also to give back to those beacons of light within our midst.  Here is an opportunity for those market analysts, brokers, anyone with the financial savvy to step up.

Each entrant will have the opportunity to write an article on each of four topics I and the staff here will decide upon.  Total of four topics will be graded, although entrants will be permitted to enter more than one article per topical area to increase their chances of gaining maximum scored points.  Only four submissions will be counted during the judging phase, regardless of the quantity of submissions.   These topics will be as broad as the Economy itself, to Global Markets, to individual Company prospects, and even Commodities.

There will be additional guidance for article length, format, and timelines associated with them on a special notice board at King of All Trades within the next week.  Submissions for each of the four subjects will have a well defined opening, body, synopsis, and closing statement.  In addition, each author must include a disclosure statement regarding their position on any coverage of a particular security.  Each article will be checked against the plagiarism databases online, and will be evaluated by a set of special judges. Points will be awarded for accuracy, overall content, number of comments generated, and general entertainment derived. More rules will be explained as our staff decides the final outline for the event. The contest will officially kick off on March 1st 2010 or as soon as we have 10 registrants. Registration will last throughout March to allow later submissions.  The contest will officially end April 1st, once the judges have convened.

1st Prize: $250 Cash Prize
2nd Prize: $100 Cash Prize
3rd Prize: $20 plus a King of All Trades Logo Hat or Coffee Mug

In summary: Want to earn some extra cash? Want to show your expertise to the community?

Step on up. I’m going to make it a reality for you. More to follow. All existing members are welcome to begin asking questions directly in the contest thread on our forums.

Rick King
President & CEO
King of All Trades LLC

Legal: Current Staff Members at kingofalltrades.com are not eligible for participation.  Any entrant found guilty of plagiarism will be dismissed and become ineligible immediately.  Authors must be 18 or over to participate.  Applicable Tax Laws will apply.

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mPhase Continues Yearly Downtrend; Up On Weekly Advance (OTC:XDSL)

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By Rick King -

Shares of nanotech development company mPhase got a slight lift from recent news, to include activation of its first multi-cell battery using it’s electro-wetting technique.  Past applications were limited to its single-cell application of the technology, and this multi-cell technique appears capable of letting the company scale the technology for more complex applications.  To date, the company’s smart nanobattery boasts a 20-year shelf life, and the company continues to move forward with the ideal they can revolutionize the battery industry.

There was also an announcement on November 10th, 2010 about a new product development with a major European automaker (no details beyond the general statement were available as of the time of this article).  A prototype for this new automotive product is tentatively expected for 1st Quarter of calendar year

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Ford Shares Down Slightly Last Week; 19 Percent Monthly Advance (NYSE:F)

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By Rick King -

Ford Motor Company (NYSE:F) continued is monthly advance this past week, closing at $16.28 and gaining 19.35 % since this time last month.  This week’s technicals showed Ford continuing its 2-year upward trend after a choppy decline in early July with the rest of the markets.  This past week’s close saw a slight decline of $0.02 from the previous Friday’s close, although it saw a steeper decline within the week with a starting price on Monday at $16.80 with increased volume at 83.6 million shares traded, above it’s average.

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ZAP, Tesla Shares Continue To Advance; Both Show Solid Footing in Electric Auto Market (OTC:ZAAP, NASDAQ:TSLA)

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By Rick King -

California Electric Auto Company ZAP (OTC:ZAAP) gained yet again as it continued its move from the 50-cent range over the course of this past week.  It ended the week at $0.90 with significantly higher volume.  The move is partly due to improving perceptions about the company in recent months. ZAP has shown some considerable ingenuity with respect to electric-powered motorcycles, scooters, all-terrain vehicles, and is a supplier of electric vans and trucks to military, government, and corporate fleets. The jolt to the share price (no pun intended) came in conjunction with a key announcement naming Madison County, Indiana company REMY as its new electric motor supplier. Shares reflected the decision, in part based on REMY’s current footing as a supplier across the electric market, with key contracts to solidify its footing.

Of note, ZAP is currently taking reservations for its “ALIAS” electric sports coupe, which shows solid potential for revenue.  The vehicles sit well within the expectations for the electric vehicle market, with the following stated specifications:

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