The Golden Truth: Gotta Read This One:

Tuesday, February 22, 2011

Gotta Read This One:

Barack Obama recently made the following statement to American families that are struggling to survive in this economy: "If you’re a family trying to cut back, you might skip going out to dinner, or you might put off a vacation." A few days after making that statement Obama sent his wife and children off on yet another vacation, this time to a luxury ski hotel in Vail, Colorado...

Here's the link - steady Obama supporters should read this slowly and carefully: LINK The only HOPE Obama delivered is his family's hope to live 4 years like aristocrats. Enjoy it while it lasts, Barack...

7 comments:

Armageddon HalTuesday, 22 February, 2011
His motto: not "change you can believe in" but "do as I say, not as I do"
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JDTuesday, 22 February, 2011
Dave,

What is your opinion if any on Golden Minerals (AUMN). I owned call options on it when it exploded most recently that I sold for a healthy profit. I am thinking of opening a position in the stock though and wanted to know if you had any opinion on it. Everything I have read and found on it seems like it is clearly undervalued.
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Dave in DenverTuesday, 22 February, 2011
JD, I actually have never looked at AUMN. I think that's the company that's based in Golden, CO.

I think it's a bit of a blind pool but the guy running it seems to be someone who knows what he's doing.
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AnonymousTuesday, 22 February, 2011
"Enjoy it while it lasts, Barack..."

Actually the sad thing is, most ex-presidents make huge bank after they're out of the white house.
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Dave in DenverTuesday, 22 February, 2011
Ya that's true and he's a bigger whore than Clinton was...W doesn't need to rake anything in and he's too stupid to exploit it anyway lol
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AnonymousWednesday, 23 February, 2011
For one thing, its only recently that Presidents have made serious money after leaving the White House. Any light reader of history will know that Presidents have often left office deep in debt.

Secondly, while I am no fan of any particular party or leader, is it wrong for a man who has the means to send his family on vacation to do so? Dave-in-Denver (I greatly admire your blog and work), you've made so many comments on people and what they can and cannot do, should and should not do (and I actually agree with all of it), but you don't have to follow that advice because you've been good with your money and used your brains.

So is it really wrong for President Obama to have that same freedom? He became President and can afford to send his family on vacation. Is that wrong? At the same time, he is espousing some ideas to people how have less on how they can possibly save money etc. I don't see what is wrong in what he did in this particular case.
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Dave in DenverWednesday, 23 February, 2011
A leader should lead by example - not "do as I say, not as I do." And the taxpayer not only foots the bill for the his family to go BUT the expense incurred by the Taxpayer for the security involved makes that trip astronomically expensive.

Is if right for the taxpayers who can't afford to go on vacation to have to pay for the Obama family to take a lavish vacation in Vail? I think not.

Obama is living like an aristocrat - LET THEM EAT CAKE...
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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.