The Golden Truth: Another Lazy Friday Afternoon...

Friday, August 13, 2010

Another Lazy Friday Afternoon...

I swear I have a real blog post that I'm working on. Just lacking some motivation ahead of the weekend to finish putting it together and I have some more elements I want to incorporate. So that being the case, and in the context of a very good friend of mine who had frat buddies at U of Colorado who knew Obama growing up and said that he was literally a walking bong hit as a teenager, I thought I would post an awesome version of Eric Clapton covering Bob Dylan's Rainy Day Women #12 & 35.

I'm thinking Barak may actually have been enjoying this scenario while Michelle was off in Spain lavishly spending Taxpayer money on herself and all of her closest friends:

Enjoy the weekend!

4 comments:

Shawn HFriday, 13 August, 2010
Here's something to read...

http://www.loanplanet.net/Blog

"100% FINANCING - ZERO DOWN!"

Thanks Ben!
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EconomicDisconnectFriday, 13 August, 2010
Have a great weekend as well Dave!

I should have a cook up Sunday, I have to eat something!
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AnonymousFriday, 13 August, 2010
How bout one on the USD rising Chico.

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AnonymousSunday, 15 August, 2010
http://www.debka.com/article/8970/

John Bolton, former US ambassador to the United Nations and adviser to the Bush administration, defined Moscow's date for loading nuclear fuel rods into the Iranian reactor as touching off a point of no return. Talking to Fox News Friday, Aug. 11, he said Aug. 21 is a deadline "by which Israel would have to launch an attack on Iran's Bushehr reactor before it becomes effectively 'immune' to assault."

Once they are loaded, he warned, "an attack risks spreading radiation in the air and perhaps in the water of the Persian Gulf."
Bolton gave Israel no more than a week to destroy Iran's nuclear program. "If they're going to do it, that's all the window they have," he said, noting that Israel attacked the Iraqi Osirak reactor in 1981 and the nuclear plant Syria was building in 2007, before the fuel rods were in place.
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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.