Sunday, July 17, 2011

Obama Is A Failure - By His OWN Accounting:

Senator Obama in 2006:

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills...Americans deserve better

Got gold?


  1. Why Yes Dave, yes I do. lol


  2. ...and really which politicians aren't? a handful?


    I'll tell you a secret. I'd give away every penny I own if I could be 35 again and know what I know now. America adores youth. I understand that in Asia old age is revered because in Asia the people appreciate wisdom. Old people have usually had many experiences and out of experience, hopefully, comes wisdom.

    And I compare it with the government we have today. It's too bad that the US is now led by men whose chief desire is to be re-elected. I doubt if the Founding Fathers ever planned it that way. Today we need men who are ready to sacrifice their sacred honor and their wealth to run the nation. This may be the fatal flaw in Democracy. We lack men of great character. We lack men and women who will die for the honor of making this a great and better nation.

    During World War II I fought with young men (hailing from all over the nation) who were ready to die for freedom and Democracy and America. Who in Congress could match these young men today?

  3. Obama is NOT a failure. This is the plan. If we have a serious enough crisis then the people will accept a serious unconstitutional change of our system of government. "Never let a crisis go to waste."

  4. (Quinn, CO)

    Dave: First, I would like to apologize for my long post, but I know you followed Another and his predictions. I wanted to ask you about Another's predictions regarding when the house of cards will come undone. Another gave two signs in his early post in 1997. From what I can tell they were the only two signs that a small investor could look for from his point of view. I would love for you to give us your thoughts on these points, as they have started to come to fruition on nearly a daily basis over the last couple of weeks. What is interesting to me is that Another predicted once these two domino's were pushed we could see a "(30 days)" timeline. Dave, I respect your opinion and I think your readers, including me, would love to hear your thoughts on this. Thanks, and good to have you back.

    "Date: Sun Oct 19 1997 23:08

    Mr. Cole,
    The Central Banks could hold gold down for some time, even with massive buying. Watch oil! If it rises much and gold isn't sold off then the game is over."


    "Date: Mon Nov 03 1997 07:31
    Reify ( @ANOTHER ) ID#413109:
    Soooo, I'm wondering, over what period of time are your predictions?
    Where do you get information on about, Big Trader?

    The actual buying of gold ( no other metals ) by huge players is not a prediction, it is ongoing. In 1997 it exploded! The price of the metal in currency terms will be made for all to see as it moves quickly upward for a very short period of time ( 30 days ) . After that only black market traders and third world noones will understand it's price! When is this going to happen? I have no idea. Is there anything to look for that will tell us when the problems have started? At first the US$ and gold will go up together against all other assets!"

  5. (Dave)

    Agree anonymous. And Obama is just a figure-head anyway - "The Teleprompter" as zerohedge calls him. No doubt the real players are working on something insidious.

    BUT, given that most people gobbled up the bullshit Obama was spewing when he was running for Prez, it's fun to point out what a giant bag of bullshit he is, since so many people did - and still do - believe that he's an incarnation of Jesus.

  6. (Dave)

    Quinn, I'm not sure if there will be definitive signs that will tell those watching for them that "it's over." Right now everything is in a slow-motion state of collapse dating back to probably the 1970's "oil crisis," but really to the closing of the gold window. Since then, starting with junk bonds/S&L crisis, we've have successive bubbles and blow-ups, each one getting bigger and more vicious.

    I truly believe Clinton could have turned things around after Long Term Capital, but Rubin and the other puppet-master bankers/oil barrons/defense magnates already had their hooks in too deep.

    In terms of prediction "THE Event," I dunno. How many really wealthy people in Germany with millions in marks in the bank on November 13, 1923 thought they would wake up on November 14 to see their paper wealth literally incinerated? Surely "insiders" were looking for signs that the mark would collapse. The reval was 1 billion to 1. To if you had a billion marks in the bank, the next day you had 1 LOL.

    I think this situation has more time to play out and I've stopped putting timeframe predictions. For sure our country won't last as it is until 2020, probably not even 2015. But then again, I thought in 2002 that where we are now is where would be by 2006/7. They are running out of assets to bubble up, so now I think you'll eventually see retirement fund confiscations in the form of exchanges for Treasury annuities and more totalitarian implementation of systemic control. What that looks like is anyone's guess. But as they lose control of the financial system/ability to finance the Government, the value of the dollar and the value of precious metals, the Government will impose its political will directly on the citizens.

    The only way to avoid this is to leave the country, which people are doing in record numbers every year. Owning gold and silver will help if you stay, but we could well see the black market scenario to which FOFOA refers.

    Before that, I bet we see at least $10k gold and $500 silver...

  7. (Quinn)

    Thank you Dave.