The Golden Truth: Must-Read from Jesse

Wednesday, June 30, 2010

Must-Read from Jesse

"What's burning a city - compared to tearing the lid off hell and letting men see it" (Atlas Shrugged)

My friend and colleague, "Jesse," penned an incredibly insightful treatise on the epic wealth theft going on in this country: "The bailout of AIG is near the core of the great fraud. Crack that nut, and we may learn something about financial fascism and the Fed. That is why they may dance around it, but they will never take down the principals and bring the truth out into the light of day."

What's going on is everyone's hell, except for those who are involved in seizing your wealth and freedom. I recommend everyone read this and put some thought into what can be done to derail what may be inexorably, tragically irreversible: LINK

The Golden Truth isn't always where the light is shining - sometimes you have to work hard to find it.

14 comments:

HopiumWednesday, 30 June, 2010
Fantastic Piece Dave I read earlier on....Cheers to you for making available to the masses.

Hopium
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HopiumWednesday, 30 June, 2010
Sorry for another Post Dave I thought you might enjoy this commentary.

Gold Bubble Myth…Busted! | World Currency Watch

http://worldcurrencywatch.com/2010/06/30/gold-bubble-myth%E2%80%A6busted/
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Dave in DenverWednesday, 30 June, 2010
post away - mi casa su casa
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AnonymousWednesday, 30 June, 2010
Sofa King tired...too many boats and barges need to be reinspected so they can go south. The spigot is open and everyone wants a drink. It's good in that the oil transportation industry needed a kick in the ass. These companies were hurting cause oil wasn't moving. It's true boys and girls, oil prices actually have nothing to do with supply and demand, anymore.

Side bar, while I try to re-hydrate, saw this movie called rollover last weekend, kind of drags but good premise. Found a nice version on YouTube which summarizes the film:

http://www.youtube.com/watch?v=9PSKWCtzPuI&feature=related
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Dave in DenverWednesday, 30 June, 2010
Jane Fonda was HOT in that movie. Saw in NYC when it came out originally.
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JayhawkWednesday, 30 June, 2010
Jesse is a must read, every day. Great post for sure and led me to these outstanding videos. I'm on lesson 2...most of this I knew already, but I think this guy is doing a great job so far.

http://csper.org/renaissance-20.html
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Dave in DenverWednesday, 30 June, 2010
Actually Jayhawk, I think it was www.clusterstock.com that had a list of the 20 worst housing markets right now and Colorado Springs was one of them. You can search that site to check it out.

When I was growing up, Monument was dust and tumbleweeds. It was a big beneficiary of the massive population influx into Colorado in the 1990's. But it's more of an exurb of Denver. High beta.
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Dave in DenverWednesday, 30 June, 2010
It's a beautiful spot I might add!
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JayhawkWednesday, 30 June, 2010
I did catch that article that mentioned CO Springs. Like I said, I'm down about 5% from buying in 2006. Compared to places like FL, AZ, NV I will take it!
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AnonymousWednesday, 30 June, 2010
Be carefull now Dave. Just go to JS Mineset and look at the typical banker reacting with fury to the bad news of the lack of further unlimited on demand QE. There he is throwing a brick in Canada. Cut off from their unlimited support mechanisms things could get ugly real fast. Especially if they looked at GS position in AIG or even BP. We could soon have bankers rioting on the streets and boy do they look ugly.
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AnonymousWednesday, 30 June, 2010
Just another day doing G-d's work.

Huffington Post

NEW YORK - In what is looming as another public relations predicament for Goldman Sachs, the banking giant admitted today that it made "a substantial financial bet against the Gulf of Mexico" one day before the sinking of an oil rig in that body of water.

The new revelations came to light after government investigators turned up new emails from Goldman employee Fabrice "Fabulous Fab" Tourre in which he bragged to a girlfriend that the firm was taking a "big short" position on the Gulf.

"One oil rig goes down and we're going to be rolling in dough," Mr. Tourre wrote in one email. "Suck it, fishies and birdies!"
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JayhawkWednesday, 30 June, 2010
That's a fake story
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AnonymousThursday, 01 July, 2010
http://www.zerohedge.com/article/was-aig-addition-being-riskiest-company-world-also-precious-metals-manipulator

An article for those of you who Mish Shedlock is good guy not a shill.

And, as Tyler says lastly, maybe the most critical question - who inherited these positions, who unwound them, and, if no unwind occurred, who is currently in possession of AIG-FP's "large exposure in the Comex vs OTC arbitrage trades"?

I vote for BP as they had better credit on the OTC market than most banks LOL.
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HopiumThursday, 01 July, 2010
Heavy Gold Buying by Russian Government

http://www.businessweek.com/news/2010-06-30/imf-s-gold-assets-shrank-in-april-as-russia-s-rose.html
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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.