The Golden Truth: This Should Piss Everyone Off

Thursday, April 14, 2011

This Should Piss Everyone Off

While our Government makes sure that our airlines are safe from 6 yr old girls who might be toting plutonium-laced sippy-cups through security, Congress lays out over 5,000 pages of evidence of pre-meditated fraud and theft by Wall Street firms, most notably Goldman Sachs, and the Wall Street Journal apologizes for the complete lack of eventual criminal prosecutions by patronizingly explaining that the report lacks "evidence of outright fraud." ROFLMAO. Here's the link: Let The Big Crooks Go Free Says Congress The whole lot of Wall Street CEO's and CFO's should be thrown in jail. They should be joining Angelo Mozillo - former Countrywide CEO - but he was never prosecuted either.

This is just beyond an outrage and it unequivocably demonstrates how corrupt our whole system of banking and Government has become (the head of the CFTC is a former Goldman executive). I can't even begin to express how infuriating this is. Unfortunately, and it really makes me seethe to admit this, Karl Marx was 100% correct when he stated that - to paraphrase - the capitalist system would destroy itself through widespread corporate corruption and fraud. Think I'm kidding? Look at that article above and then understand that the massive Glencore IPO about to commence in London is Marc Rich's former company, with one of its senior directors as ex-British Petroleum CEO and crook, Tony Heyward. Just can't make this shit up...anyone wondering why gold and silver keep hitting multi-decade highs everyday is an idiot for wondering...

***Late edition*** I had no choice but to add this quote just sent to me from a colleague:

What will REALLY piss people off is when all their dopey deflation trades fail, and they are standing out in front of the train stations and home depots vying for day labor paying a silver dollar a week, do menial jobs that even immigrants will not take.

6 comments:

mabmanThursday, 14 April, 2011
The Real Housewives of Wall Street

http://www.rollingstone.com/politics/news/the-real-housewives-of-wall-street-look-whos-cashing-in-on-the-bailout-20110411?print=true
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mabmanThursday, 14 April, 2011
Excellent 5mins on CNBS today – starts about 1:40 into this video
http://video.cnbc.com/gallery/?video=3000016654
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AnonymousThursday, 14 April, 2011
It just makes me crazy.

Thomas
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AnonymousThursday, 14 April, 2011
and nothaus is a "domestic terrorist" who receives 30 yrs from the feds.

he should receive a medal of freedom award and the prosecutor, thompson should be hanged in the town square.

oh and when they raided his property and counted the silver and gold they found that he backed all his issued paper 100% with pm and he's the crook?

we just jumped the shark.

frank
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EdwardoThursday, 14 April, 2011
Karl Marx did indeed have tremendous insight. His solution to the problem of capitalism was fatally flawed, but there has never been a better critic of capitalism than the author of Das Kapital. Flashing forward a hundred and forty five years from the penning of the aforesaid tome, it's The East versus The West. The East, recognizing just how unfathomably corrupt our system is-and yet, not being above corruption themselves, but for now, mere amateurs at capitalist jiggery pokery, are gobbling up as much physical as possible to both prepare for and pave the way towards a post Anglo-Axis dominated world.
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Dave in DenverFriday, 15 April, 2011
Anonymous re: Levy comment: No way I can publish that here. LOL. Try the Pru Bear chat or Wall Stree Bear
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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.