The Golden Truth: Here's why Obama and the Democratic Leaders in Congress

Tuesday, October 20, 2009

Here's why Obama and the Democratic Leaders in Congress

have become Wall Street's obedient lap-dog: LINK

Goldman Sachs CEO, Lloyd Blankfein to Obama: "Here boy, be a good dog and SIT"

(link courtesy of Jesse's Cafe Americain - site-link listed below)

4 comments:

EconomicDisconnectTuesday, 20 October, 2009
Dave,
Great win for the Broncos. Good night San Diego, you will have to wait for the next preseason for the writers to proclaim you Superbowl guarantees!
ReplyDelete
Replies
Dave in DenverTuesday, 20 October, 2009
LOL. SD looks like a broken down team. That's a team with attitude and no means to back it up.

Right now, the question is, how far can the Broncos take this? They play at Baltimore after their bye week and then host Pittsburgh.

They're defense is reminiscient of the famous Orange Crush.

McDaniels is a football genius.
ReplyDelete
Replies
RealEstateGuyWednesday, 21 October, 2009
this entire site reminds me of two things
www.theultimateflame.com and the remark that the net is the greatest device for docusing stupid ever invented. IT is like TV but without the TV.

Stupid is the one common link between football, pandas and Goldman Sachs
ReplyDelete
Replies
Dave in DenverWednesday, 21 October, 2009
@realestateguy: looks like you started hitting the bottle a bit early today.

you'd be more productive spending your day trying to bamboozle some poor non-English speaking bathroom attendant at Caesar's into taking advantage of the soon-expiring first time homebuyer tax credit and setting him up with some overpriced 800 sq. ft. bungalow in Henderson.

send the poor bastard over to the local Acorn office so he can get saddled up with some rediculous mortgage, as well...
ReplyDelete
Replies

Add comment

Why Gold?

Gold is the world's oldest currency. You exchange your fiat currency (dollars, euros, yen, yuan) into gold as an insurance policy against catastrophic Central Bank and Government policies which serve to destroy the value of fiat currencies and destroy democracy.

Gold can ONLY be considered an investment to the extent that it remains significantly and historically undervalued in relation to the fiat currencies against which its value is measured. Otherwise it remains the world's oldest currency and is completely free from the counterparty risk associated with currency by Government fiat (i.e. fiat currencies rely on a Government's "full faith and credit.")

Quote Of The Month Courtesy of "Jesse"

Unfortunately for Larry Summers, Ben Bernanke, and their friends at the BIS, they have not yet figured out how to print physical gold, silver, and other essential commodities, and the world is reaching the point where it might simply start ignoring the New York based markets with respect to essential commodities such as basic materials, oil, foodstuffs, and the like, as they become increasingly irrelevant, fraudulent, and Orwellian. And then where will the financial engineers be, except with no more excuses and no place to hide?

Here is the link to his entire commentary, well worth a read:

http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-chart-shock-and-awe-for.html

Great Quote From Jim Rogers On Govt CPI Reporting

JR: I mean, we have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US. Some countries lie, many countries don’t: Australia, China, India and Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie about it, the UK and the US, but if you go shopping you know prices are up.

Q: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie?

JR: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades. When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says.

source: www.clusterstock.com

Quote of the Week

"The primary function of a Central Bank is to engage in the massive transfer of wealth from the middle class to the wealthy elite. The Federal Reserve was set up to do this with the blessing and support of Congress." - Dave in Denver

If you refuse to believe the above, please read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin and then explain to me why the Senate voted down the Vitter Amendment and Congress refuses to pass a law requiring a full audit of the Fed, even though the Fed is using taxpayer-backed money to bailout Wall Street and Europe.