The Golden Truth: Obama Is A Failure - By His OWN Accounting:

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?

9 comments:

ConwayMonday, 18 July, 2011
Yup.

Got gold. And silver.
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BillMonday, 18 July, 2011
Why Yes Dave, yes I do. lol

Bill
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AnonymousMonday, 18 July, 2011
(Dave)

LOL
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AnonymousMonday, 18 July, 2011
...and really which politicians aren't?..save a handful?

Russell

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?

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/18_Russell_-_Gold_Market_is_Saying_Bernanke_to_Print_Money.html
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AnonymousMonday, 18 July, 2011
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."
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AnonymousMonday, 18 July, 2011
(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
ANOTHER (THOUGHTS!) ID#60253:

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."

And:

"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?

Reify,
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!"
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AnonymousMonday, 18 July, 2011
(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.
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AnonymousMonday, 18 July, 2011
(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...
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AnonymousMonday, 18 July, 2011
(Quinn)

Thank you Dave.
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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.