The Golden Truth: Birth/Death Fantasy

Friday, March 4, 2011

Birth/Death Fantasy

gave us 112,000 of the 192,000 reported payroll jobs added last month. The real number is likely zero jobs added, per my jobless benefits claims post yesterday. And now Obama is contemplating attacking Libya. We are on the access path to The Road. Proceed forward at your own stupidity without gold and silver in your possession...There's 8" of new powder at Winter Park/Mary Jane and I'm going to enjoy what I can, as much as I can, while I can, so I'm off on weekend ski trip as of now...Have a great weekend all!

6 comments:

SundarFriday, 04 March, 2011
BLS can drop the 'L' out of their acronym.
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JDFriday, 04 March, 2011
Silver just printed $35.54!!!!

Got silver?
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EconomicDisconnectFriday, 04 March, 2011
At this point by looking all around me and talking to people all the new jobs are cheapo burger flipper/store sales stuff that are hardly high income or growth spots. When the President said US aircraft could be cleared for 'evacuation' duty I almost busted a gut laughing. I have a picture of an F/A-18 hornet (on all arcraft carriers and the only planes in the area) on my site and I have no idea how that thing will evacuate anything save Libyan air space of jets. Geitner said the US strategic oil reserves could be tapped to help the economy? Good to know that our store of fuel for a major war is now another manipulation scheme for markets. Ugh.
Anyways, it is friday, have a great weekend.
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PurewaterFriday, 04 March, 2011
Dave, Have a good time on the slopes...more great news, food stamp participants (SNAP) just passed 44 million.

http://www.solitudecanyon.com/thoughts-from-the-canyon/food-stamp-usage-rises-to-over-44-million-participants
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EconomicDisconnectSunday, 06 March, 2011
I would never dream of trying to influence your grill buying decision, but I did winter grill steaks tonight on the Keg if you want to check it out.
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AnonymousTuesday, 08 March, 2011
A 1/4 trill deficit in one month and the dollar goes up and that is all Gold can do??? Probably tells me its for the benefit of Silver - desperation is in high gear. Once the silver price closes above 36 I will start shorting the banks!!!
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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.