The Golden Truth: Re-Living The Fall Of Rome

Thursday, January 26, 2012

Re-Living The Fall Of Rome

The Fed stating that it will keep interest rates exceptionally low through 2014 is a symbolic act, like Warren Buffett stating that he would like to pay more taxes. - The King Report

The topic for this post came to me from an exchange of emails with a friend and colleague. After he had digested Obama's pathetic excuse for an election campaign speech the other night and had figured out all of the lies embedded in the rhetoric, he made the observation that "our problems in this country are far worse than even we can imagine." The "we" being the people who actually bother trying to figure out what's going on and have moved a lot of money into precious metals based on what they are seeing.

I responded with this:

"The fact that our country is being looted like it is - and as openly as it is by insiders who see even more than "we" do - is the clearest of any possible signal that things behind the scenes in this country are far worse than anyone outside the inner circle of looters can possibly know. It's getting beyond trying to paper it over and hide the truth for much longer and that's why there's the kind of money-grab going on by the big banks like the one being done at MF Global."

If you have even a shallow knowledge of history, you know that right before any empire collapses, there is a big wealth grab by anyone in a position to do so. It's no different than what is going on now in this country. And Obama is the perfect cover for what's going on because his speech-making abilities mesmerize the ignorant, stupid and desperate who support him and there's plenty of others out there who choose to believe him out of political and societal correctness. Sorry but that's the Truth.

And the Truth of the matter is that - in a way - we get to watch "the Fall of Rome." That's really what's going right now. It's kind of cool in a way, in the context of trying to "make lemonade out of lemons." Isn't it great? JP Morgan gets to keep $1.2 billion in funds that legally belong to customers of MF Global, who knows what Jon Corzine gets besides a free pass from jail and we get the lemons Obama threw at us the other night...

16 comments:

Armageddon HalThursday, 26 January, 2012
would have been "nice" in a SOTU address to devote maybe a minute or two on the growing deficit problem, or maybe Debt being higher than GDP, or even that we had a slight problem.

I give some chance for ignorance rather than deceit, but can't prove either way. And either way is a huge problem. Name your poison.
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AnonymousThursday, 26 January, 2012
Personally, I do not understand the 'Obama great orator' meme. Almost anyone, from senators down to guest speakers at the local Lion's club are better speakers than Obama.
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AnonymousThursday, 26 January, 2012
Faux-bama
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AnonymousThursday, 26 January, 2012
Big money keeps piling into bonds/tbills - how low we gonna go before it topples? Why go into risk assets when u can make a great return on ever rising bond prices...essentially risk free...
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Oldfordtrk1Thursday, 26 January, 2012
History doesn't always repeat, but it does rhyme - Mark Twaine
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AnonymousThursday, 26 January, 2012
Rick Rule continues:

“They are going to make it so that if you have worked hard and saved all of your life, you will be forced out of cash and bank deposits and into more speculative investments. At the same time they are doing their very best to encourage the profligate behavior of people who borrow too much for sketchy enterprises. They will also continue to do whatever they possibly can to fatten up the big banks.

They like to vilify the big banks, but at the same time they are giving them access to low cost funds and then borrowing the money back from them to give them a positive yield. It should be noted that some have looked at this announcement and said it is quantitative easing in different clothes.

Certainly one of the ways they will lower the interest rate will be to buy their own paper, as they have done in the past. This is a long way of saying they are going to continue to counterfeit.

"And what the political class is desperately trying to do is keep that lie together. The lie being that you get richer by spending, not by working and saving. "
This is a global financial system increasingly based on institutional and government fraud and a monetary system that is based on confidence, based on fraud, based on force.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/1/26_Rule_-_Monetary_System_is_Based_on_Confidence,_Fraud_%26_Force.html

Said the Joker to the Thief

"None will level on the line, nobody offered his word, hey"

..scroll down
http://jessescrossroadscafe.blogspot.com/2012/01/sp-500-and-ndx-futures-daily-charts_26.html
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ProximoThursday, 26 January, 2012
Tarbaby is in deep shit without that teleprompter.

http://www.youtube.com/watch?v=jMszKcpn2DU
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Edward Ulysses CateThursday, 26 January, 2012
"One cannot win an argument against a belief
any more than one can against a hurricane."
Gustave Le Bon

That's why I quit updating GRD over a year ago.
The ones we've helped have figured it out by now,
and the others . . . Well, that's the reason for the quote. Thanks for all you've done!
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BillThursday, 26 January, 2012
Tell it like it is Dave if the goodies and the prim and proper can't handle the truth..Tough.

Great post

Bill
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ConwayThursday, 26 January, 2012
I publish most everything sent to me too, that is when folks actually respond to my politically incorrect, vitriolic polemics.
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AnonymousFriday, 27 January, 2012
What do you think of Silvercorp Metals (SVM)? Thanks.
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AnonymousFriday, 27 January, 2012
Obama is not a great speaker however it's important to note with whom he's being compared to. That is why the sheeple voted for him in 2008...and not much else. Forget the whole hopey changy thing as that was nothing more than the largest political scam ever done.... ;-)
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AnonymousFriday, 27 January, 2012
Obama is our new "governmental daddy". What we have here in the SOTU address is a "parent" taking their children to bed and reading fairy tales to put them to sleep.
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AnonymousFriday, 27 January, 2012
Thanks for your great write ups.

Here an interesting paragraph from David Morgan

HAI: Do you see more silver funds coming to the market, or is there a risk here that we’re going to get saturated?

Morgan: .............I do see more silver funds coming in. In fact, I’m actually aware of a couple that are being formed as we speak......

http://www.silver-investor.com/blog/silver-market-update/david-morgan-silver-will-knock-repeatedly-on-50oz-this-year-before-breaking-on-through/
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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.