The Golden Truth: Question Of The Day - Courtesy Of Florida John

Tuesday, June 29, 2010

Question Of The Day - Courtesy Of Florida John

We were discussing Obama's ability as a leader and a manager, and John asked rhetorically, if you owned 50 hot dog stands in and around your city, would you let Obama run one of them?

I know what my answer is...

7 comments:

Shawn HTuesday, 29 June, 2010
Let's see. He'd move the cart to Wall Street, then give away all the hot dogs for free to Goldman.

That cart would be taken out of service, but since I have 49 other carts, the rest of my business would be fine. However, he would force me to unionize my other hot-dog sellers, which on my paper thin margins would send me into bankruptcy.

I would not be able to pay my mortgage...but under Obama, I don't have to!

Then I would start collecting unemployment, which he is pushing to extend from 2 years to 2.5 years...and I'm sure by the end of his term it will be 4 years.

So I get free income and housing and I don't have to work. I guess as long as I don't have kids, the answer would have to be yes.
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Dave in DenverTuesday, 29 June, 2010
Shawn, that's actually scary accurate! LOL
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AnonymousTuesday, 29 June, 2010
Sofa King says you can ask General McCrystal, but I think we already got his answer.
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AnonymousTuesday, 29 June, 2010
I wouldn't hire him to manage any of my stands, but I'd definitely hire him as my P.R. guy.
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Dave in DenverTuesday, 29 June, 2010
Good one Sofa King!

Rodd, you'd have to buy him a teleprompter or he wouldn't know what to say.
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mabmanTuesday, 29 June, 2010
2 other great gold sites:
http://saulsays.blogspot.com/2010_06_01_archive.html

http://fofoa.blogspot.com/

Keep up the great work here Dave !
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AnonymousWednesday, 30 June, 2010
pay for the hot dog then give it to the person behind you.
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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.