The Golden Truth: Hewlett Packard Getting Ready To Axe 30,000 Jobs

Thursday, May 17, 2012

Hewlett Packard Getting Ready To Axe 30,000 Jobs

Now all Obama has to do is give them student loans and they can go study sanitation engineering at University of Phoeniz online and they'll disappear from the labor force! LINK Great way to once again lower the unemployment rate!

11 comments:

HalThursday, 17 May, 2012
Most of the jobs lost will be after the election: So Obama will be able to Blame: Obama for inheriting the mess.
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Dave in DenverThursday, 17 May, 2012
LOL. Curious George would never take the blame for anything. But if the sun rises in the east tomorrow, he'll give himself full credit.
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AnonymousThursday, 17 May, 2012
'It is not certain that some wicked one of your race will not find out a secret as evil as the Deplorable Word and use it to destroy all living things. And soon, very soon, before you are an old man and an old woman, great nations of your world will be ruled by tyrants who care no more for joy and justice and mercy than the Empress Jadis. Let your world beware. That is the warning.'

Aslan's warning in C. S. Lewis' 'The Magician's Nephew'
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RicKFriday, 18 May, 2012
hey dave, do u still hold shares of ECU/AUM? WTF has been going on with the SP?!?!
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Dave in DenverFriday, 18 May, 2012
added to the fund position yesterday and bought some calls on it in my own acct. there's been a big position by a big fund. a large fund has liquidated its position. Gilder Gagnon was one of the largest holders and they buy everything on margin and this week has been capitulative forced dumping. from Gilder's website: Our firm was founded to help small investors build significant capital over time.

Since we believe in owning as many promising stocks as possible, we generally buy on margin.* Borrowing to invest can force liquidations if the market collapses, so we try to balance this exposure by selling short.

I believe below $4 on this stock is about as compelling a price on any stock i've ever seen
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JDFriday, 18 May, 2012
Golden Minerals Announces High Grade Resource Estimate for Velardena Property in Durango, Mexico

http://www.marketwatch.com/story/golden-minerals-announces-high-grade-resource-estimate-for-velardena-property-in-durango-mexico-2012-05-18?reflink=MW_news_stmp
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JDMonday, 21 May, 2012
Any updates on AUMN?

Thanks!
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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.