The Golden Truth: Tough Week For Obama And Even Tougher For The Unemployed

Friday, June 3, 2011

Tough Week For Obama And Even Tougher For The Unemployed

and those 30%+ mortgage-holders who are underwater on their house. It's only going to get worse.

Obama can't be serious: Economy taking 'awhile' to mend, Obama says LINK

But what really grinds my gears is the fact that NBC is completely f#$king up the coverage of the French Open semi-finals. Right now Federer and Djokovic are in a 1st set tiebreaker and NBC is showing the match on delay. This country's Government and banking system sucks but the television coverage of the important stuff is Third World:

Buon fine settimana a tutti!

9 comments:

European AmericanFriday, 03 June, 2011
http://www.myp2p.eu/broadcast.php?matchid=117966&part=sports
ReplyDelete
Replies
AnonymousFriday, 03 June, 2011
Awesome. Thanks. I tried that page earlier and the top few links wouldn't work so I gave up.

This link seem sto have the best streaming quality:

http://www.hot.ee/strompl/

(Dave)
ReplyDelete
Replies
AnonymousFriday, 03 June, 2011
Novocaine must have permeated the atmosphere because people don't understand what's coming...read it..pass it on.

It's Transitory

As I have mentioned several times before, CNBC is on in my apartment for about thirty minutes in the morning as I get prepared for the day ahead. Even these thirty minutes have become essentially too intellectually painful to watch. The channel is a total joke. Nevertheless, it has become a good place to look for the latest “memes” being rolled out by the Wall Street Bankster/Washington D.C. Criminal “elite” class. In case you haven’t noticed, the latest one is the “It’s Transitory” meme.

Not only is it a way to give a downtrodden people hope while they are being robbed, but it also allows for additional time for the Central Bankers to put the final nail in your coffin.
That said, human nature has not changed in the last 5,000 years and the desire to build empires and dominate people has not gone away. The methods employed just need to be masked in the meme of “unity or economic stability” and executed within a backdrop of total fear and confusion. This is how Europe is being conquered at the moment. America is next in line trust me. That is the plan. It is coming and the next crisis will be used to “make it happen.” All of us must, while we retain some degree of freedom unite to prevent this bondage from enveloping us. If we fail, we will have to live with the sad truth that we sold our children and grandchildren into slavery because we were too scared and brainwashed to act.

http://www.zerohedge.com/article/its-transitory?
ReplyDelete
Replies
AnonymousFriday, 03 June, 2011
Think about this carefully...these pricks want feudalism...they can taste it!

Greece Troika: Idiots Galore In The Markets

The government is committed to significantly accelerate its privatization program. To this effect it will create a professionally and independently managed privatization agency, and has drawn up a comprehensive list of assets for privatization with the aim of realizing revenues of EUR 50 billion by the end of 2015. The government will assess progress against intermediate quarterly and annual targets.

Ah, here we are. What the EU/ECB demanded (and apparently got) is for the government to sell public assets (the things that all Greeks own collectively) and use that money to pay the banksters.

This is a direct financial rape of the Greek people and should be met with immediate refusal - not acceptance - by the Greek population.

But - and this is very important - neither Greece or the US should sell anything to pay these banksters. They knew damn well what the revenue and tax picture looked like when they loaned the money. Sovereigns never borrow "secured", and allowing this precedent to be set is ruinous. In fact, there's an argument to be made that this sort of move by the government of a nation amounts to treason.

http://market-ticker.org/akcs-www?post=187425
ReplyDelete
Replies
EconomicDisconnectFriday, 03 June, 2011
Gold moving up, stocks moving down. Nice. Have a good weekend Dave.
ReplyDelete
Replies
AnonymousFriday, 03 June, 2011
Obama's flush ...BUT..WHAT ABOUT THE UNEMPLOYED...OOPS...NOT SO GOOD!

How bad has job creation been? I will let the Liscio Report answer that question: "Private employment is 2% below where it was ten years ago. As we've been pointing out for some time, job loss over a ten-year period is unprecedented in U.S. history since reasonable job counts began in 1890. So far, we've regained just 1.8 million of the 8.7 million jobs lost in the Great Recession and its aftermath, or about 1 in 5."
ReplyDelete
Replies
SpencerFriday, 03 June, 2011
Dave usually they stream it live on nbc.com. Go roger!
ReplyDelete
Replies
AnonymousSaturday, 04 June, 2011
Interesting...what are the implications if this catches on?...

The Underground Website Where You Can Buy Any Drug Imaginable

Bitcoins have been called a "crypto-currency," the online equivalent of a brown paper bag of cash. Bitcoins are a peer-to-peer currency, not issued by banks or governments, but created and regulated by a network of other bitcoin holders' computers. (The name "Bitcoin" is derived from the pioneering file-sharing technology Bittorrent.) They are purportedly untraceable and have been championed by cyberpunks, libertarians and anarchists who dream of a distributed digital economy outside the law, one where money flows across borders as free as bits.

But not all Bitcoin enthusiasts embrace Silk Road. Some think the association with drugs will tarnish the young technology, or might draw the attention of federal authorities. "The real story with Silk Road is the quantity of people anxious to escape a centralized currency and trade," a longtime bitcoin user named Maiya told us in a chat. "Some of us view Bitcoin as a real currency, not drug barter tokens."

http://gawker.com/5805928/the-underground-website-where-you-can-buy-any-drug-imaginable
ReplyDelete
Replies
AnonymousSaturday, 04 June, 2011
Its a financial tapeworm that's going to eat you inside out financially!

Financial repression...a stealth tax on your savings.

If you don't have gold/silver...you're setting yourself up for pain!

Jim Rickards

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/6/4_Jim_Rickards.html
ReplyDelete
Replies

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.