The Golden Truth: Freedom To Fascism: Obama Is Accelerating The Shift

Thursday, October 7, 2010

Freedom To Fascism: Obama Is Accelerating The Shift

Another example in which Obama has taken the Bush policies which the electorate overwhelmingly gave Obama the mandate to reverse, and which Obama promised to reverse, and has made them more extreme:

9 comments:

AnonymousThursday, 07 October, 2010
One should not assume that Obama is in control of anything. He is definitely not calling the shots.
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HalThursday, 07 October, 2010
sadly LOL:

I wish I could find a cartoon from 2002 showing air travel passengers going thru security wearing hospital gowns.
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BillThursday, 07 October, 2010
BREAKING

President Obama is Not Signing H.R. 3808

http://www.whitehouse.gov/blog/2010/10/07/why-president-obama-not-signing-hr-3808
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stibotThursday, 07 October, 2010
There should be some red label on entrance within your web. You have responsibility for your readers.

I mean something like "WARNING. This site is terroristic. Reading the site can affect your life, you can be accused, sentenced and imprisoned for terrorist criminal offence".
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Dave in DenverThursday, 07 October, 2010
stibot, my responsibility is to report The Truth. If you can't handle the truth then go hang out with Mish and Denninger and Gartman.

I don't owe anyone any answers of accountability, especially to you. If want to know what some of the principles of TRUTH are, go read 1984, Animal Farm, Atlas Shrugged and anything by Shakespeare or Charles Dickens.
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AnonymousThursday, 07 October, 2010
"go hang out with Mish and Denninger and Gartman."

Anyone see Smish Shylocks BS on NO inflation today
unless banks start lending again? What a crock.

Does that guy eat food? Heat his home? Drive a car?
Have a wife? Kids?

Just because we have deflation in debts doesn't mean
we won't have hyperbolic inflation in everything else.

Shylock and Precther are religous deflationists.
To theirs and their readers detriment.

Drink the Koolaid kids and get your head handed to you.
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EconomicDisconnectThursday, 07 October, 2010
I lable this site MUST READ myself.

Made out with my profits on the paper SLV position first thing this morning, what a great ride for a trade!
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Dave in DenverThursday, 07 October, 2010
NICE GYC. We positioned our fund with a big slug of ZSL yesterday to hedge out our silver bullion in the fund plus we raised a fair amount of cash (go-go positions, not juniors)
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Dave in DenverThursday, 07 October, 2010
Anonymous, why even waste your time reading their stuff? The stuff they understand is analysis you can get in a lot of spots.

Anyone who thinks debt "destruction" means deflation has thinking and analysis that is fundamentally and intellectually seriously flawed.

The fact of the matter is that the debt is "destructing" BOTH because 1) the Fed is monetizing a lot of it and 2) a shitload is being transferred to the U.S. Govt/Taxpayer balance sheet. The stuff being monetized inflates the money supply, as we are seeing happen now. The stuff being transferred will eventually be monetized. This is leading to an acceleration in inflation, which we are starting to see now at grocery stores, medical care costs, gasoline, even clothing.

The front page of the Denver Post today had this headline: "Steep hikes may come to tuition for higher ed in Colorado." 9-21% is being proposed. No inflation? ROFLMAO.
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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.