The Golden Truth: It's A Lazy (Almost) August Friday...

Friday, July 30, 2010

It's A Lazy (Almost) August Friday...

No motivation for a new post. You should listen to this intereview with the inestimably esteemed John Williams of http://www.shadowstats.com/: Why We Are F#cked

To kick-off the weekend on a proper note, I thought I would share this video of Widespread Panic playing with Dottie Peoples and The People's Choice Choir at the 1st annual Bonnaroo Festival in Manchester, Tennessee. I'll never forget standing there watching this huge southern soul choir file on stage to perform with Panic - it was easily one of the coolest live concert events I've ever witnessed...(Steve Winwood came out in the 2nd set and played piano on two Traffic songs with the band).

Naked in the mud, girl
Let's sling a little mud, girl
Just looking for a place to shed our skins

We're gonna summon the Holy Ghost from the battlefield
And in the morning this old world won't be the same

3 comments:

JoeSaturday, 31 July, 2010
Dave,

This is William's chart on GDP and it shows a dead economy for a decade.

http://www.shadowstats.com/alternate_data/gross-domestic-product-charts

Joe M.
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DRSaturday, 31 July, 2010
Widepread is great to see live! One of my fondest memories was standing in front of the stage at Farm Aid and seeing Dave Matthews on stage performing with Widespread.

Been reading your blog for quite some time.
Keep up the good work!
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Dave in DenverSunday, 01 August, 2010
thanks for the feedback DR - I've been to 60 shows LOL. Would love to see footage of Matthews playing with them! There's a good youtube video of Santana playing with them in Calif.
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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.