The Golden Truth: Must-Read Commentary From Jesse's Cafe Americain

Wednesday, March 10, 2010

Must-Read Commentary From Jesse's Cafe Americain

Obama and the Government/Fed's Massive Orwellian Propaganda Campaign:

Whoever heard of a bubble in which the major money center banks are so perilously short it? A bubble requires a broad participation and belief, and the encouragement of the market makers. And now a statement from an "SEC official" that there is a gold bubble. This, from the very people who allegedly could not see the tech, housing and credit bubbles.

Jesse Shreds The Government

I would like to add to this that someone asked me if all the pro-Geithner media blitz we've been deluged with lately is a massive smoke-blowing attempt to save Geithner from being run out Washington, DC. To that I replied: As long as Geithner keeps funnelling Taxpayer money into the pockets of the Big Wall Street Banks who control Congress and Obama, Geithner will remain in his job. He's doing exactly what he was put into that job to do, despite being a serial, multiple-year tax-dodger and who knows what else. Welcome to "Animal Farm," by George Orwell.

3 comments:

Dave in DenverWednesday, 10 March, 2010
Someone named Sutski left a comment that I posted but I can find which post he commented on. Here is his comment (in the future, try to leave comments on one of the front-page posts):

Morning! I am thinking that $75,000/oz. would be... Morning!

I am thinking that $75,000/oz. would be more reasonable wjen the dollar unravels to the gold and oil price.

I could then certainly consider quiting the alps and exploring the FL keys for a while!

The shear size of inbalance between promised gold and deliverable gold will surely be more astonishing than we can percieve currently. I am convinced it is going to be monumental.

I have been pooring myself the last 3 months buying 0.102kgs of gold and I just sneaked in three weeks ago and got 2.98kg's of silver bullion too. The silver is now up 11.2% in the first 3 weeks. That there $1500 an oz prediction would then surely sort me a nice piece of marine hardware to cruise the keys in!

Bring it on!!

haha

I buy my gold and silver bullion here:

I would be interested to hear if anyone has any knowledge of BullionVault where I am purchasing my gold. It seems pretty solid and is allocated physical in a vault in Zurich.

What thinks thee is this paper or physical?? :)

The sutski bit in the link is there so they know I sent you of course ;)

I also tweet weekly gold price hilarity from

@spotgoldprice
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Dave in DenverWednesday, 10 March, 2010
Thanks for the comment Sutski. I've seen very well reasoned arguements to justify $38,000/oz. gold but not $75,000. Ultimately who knows. The price will have to be revalued upward substantially to at least partially back all of the fiat obligations globally and restore confidence after shit really comes unglued (we're just at the beginning, believe it or not).

The link you posted didnt make it. IT's for BullionVault.com if anyone is interested. I don't know anything about them. What I do know is that I only trust physical gold that I either keep well guarded at home or in a depository we use for our fund that is in Delaware.

Even depositories are suspect. I heard from someone who heard from the horse's mouth, that Delaware Depository does not insure the full value of the gold it safekeeps. This information is rock solid because it comes from the insurer. They believe that even in the worst case scenario, they'll never suffer full damamges.

Our depository, First STate, carries 100% coverage.
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Dave in DenverWednesday, 10 March, 2010
My twitter name is "TruthInGold"

my blog name was unavailable. still learning how to use twitter.
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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.