The Golden Truth: R.I.P. Don Cornelius

Wednesday, February 1, 2012

R.I.P. Don Cornelius

The master promoter of Motown died today from a self-inflicted gun wound. I recently saw a special on Don and Soul Train on VH1 and it brought back a lot of fond memories of those days. I would find it hard to believe that anyone born in the late 1950's or 1960's did not turn on Soul Train at least for a few minutes every Saturday in order to check out the outrageous fashion and dancing and to hear the latest funky music (c'mon man, we all had bell-bottom jeans and ugly shirts). Every huge disco/Motown star in the 1970's performed live on Soul Train, including Stevie Wonder, The Jackson Five, Aretha Franklin and James Brown. I really miss the 1970's in many respects - at least this country still had a chance back then:

3 comments:

Anthony HopperWednesday, 01 February, 2012
It is tragic.
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ConwayThursday, 02 February, 2012
Yep, Don Cornelius was kinda cool, though I was more into the likes of Led Zeppelin, Jethro Tull, and Pink Floyd. Beatles too, but they were from the 60's; never cared much for McCartney solo in the 70's, excepting for "Ram".

The top two things I would love to forget about the 1970's are disco, and those utterly silly platform shoes for men. I wonder how many needlessly broken ankles they created; unfortunately I cannot forget either one. Other items I would love to forget from that era are Jimmy Carter, his daughter Amy, and his brother Billy, along with double-knit, polyester slacks, quadraphonic stereos, eight-tracks, pet rocks, jacked-up six cylinder Camaros, and mood rings. Yet other forgettable items from the 70's are CB radios, the spoiled brat Patty Hearst, together with "Cinq" and their idiotic SLA, not to mention streaking, and of course the ever-annoying, over-promoted, talentless creature called Charo.

Perhaps a few TIA's, or a massive stroke, will deliver me from above odious memories, though with my luck, I'd probably still remember all that, and only forget how lovely Anne Lockhart was on Battlestar Galactica!
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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.