The Golden Truth: Top Constitutional Law Experts: Obama Makes Nixon Look Like An Amateur

Wednesday, May 15, 2013

Top Constitutional Law Experts: Obama Makes Nixon Look Like An Amateur

For all you die-hard Obama defenders, please note the experts cited in this article are primarily liberally oriented in their views. Here's some golden truth: Obama Considered Worse Than Nixon

17 comments:

AnonymousWednesday, 15 May, 2013
Who's defending Obama? And the liberal scholars are right, the executive branch has seized powers that didn't exist before Bush and Cheney did their evil deeds. The media is no longer a watchdog like in the Watergate days, and our dysfunctional government is as a result corrupt to the core. All elected officials are bought and paid for to some degree, and self-interest has trumped what's in the best interests of the nation.

Your problem, Dave, is that you take an extreme right-wing libertarian view of things, and your apocalyptic view of our future ($7,000 gold, world to become like the book "The Road", etc.) is misguided and delusional. You are too married to these extreme points of view.

The pure liberals such as Turley who is quoted in your linked article have it right. It's not about big versus small government. It's about INTEGRITY in government. Smart and honest government with all the influence peddling and money removed, is the best direction for all.
ReplyDelete
Replies
Dave in DenverWednesday, 15 May, 2013
You'd be surprised at how many people still defend/support Obama. Look thru the comments on my other post today. I know many people in Denver who blindly defend him w/out looking at the facts and the truth.
ReplyDelete
Replies
AnonymousWednesday, 15 May, 2013
Dave, Im having a W.T.F. moment. Please look at this and tell me that Im not having a brain cramp. Who the hell are these people?

http://www.cnbc.com/id/100739703
ReplyDelete
Replies
StilichoThursday, 16 May, 2013
Barack Obama: America's first third world immigrant President. He sees nothing wrong with his actions or those of his administration. This is how the guys in power are supposed to act, right? Former corrupt Presidents and administrations at least understood that they were doing wrong. This one, not so much.
ReplyDelete
Replies
AnonymousThursday, 16 May, 2013
So Much for Position Limits on COMEX Gold

Where were the regulators on gold futures position limits April 12 and April 16?

Our simple question: Where are the regulators (in this case the CFTC and CME Group) with regard to size and accountability limits?

First, though, a caveat: We do not have the actual trade data which would include the actual orders and the sellers of those orders. Without that, this is pure speculation and subject to receiving that actual data. (More...)

That said, what we do know is that the volume spiked to an unprecedented level April 12 and Monday, April 15 and that initial sale triggered an avalanche of trading and trailing stops. The net effect was that the initial order was indeed large enough and sold into the market fast enough that it literally overwhelmed the gold futures market. Whoever it was used a bazooka at a knife fight. The selling panic that ensued will be talked about for generations.

Whether the initial sale into the gold market was 124 tonnes or 400 tonnes is not really material to our question. Either size would be so much higher than any one trader should have been able to sell into the gold market at one time that it begs the question: How many traders would have had to be involved in order to “legally” sell that many gold futures contracts into the market?

Let’s assume for this discussion that the initial sale was 124 tonnes. That’s about 4 million ounces or the equivalent of 40,000 COMEX contracts.

From earlier work we know that the CME Group has position limits for gold futures of 3,000 contracts in the front month and 6,000 contracts in all months.

We know from the open interest that the initial sale on April 12 was concentrated in the front month, so no one trader should have been able to sell more than 3,000 contracts at one time, and that’s assuming that trader had a zero open position when the sale occurred. The 3,000 number is supposed to be the limit of all contracts and options, both long and short at any time, even intra-day.

Assuming all the traders involved had no open contracts before opening four million ounces worth, how many traders would have had to be involved? Simple math says (40,000 contracts / 3,000 lots limit) = 13.3 traders. Call it 14 traders.

So, in order for the initial 124 tonne sale to have occurred “legally” it would have had to have been 14 traders, all with zero orders open, all acting simultaneously, all acting independently, in their own self-interest, without colluding with each other to “sell-for-effect” or conspiring to foment a price smash.

In actuality, the chances that there were 14 traders who held zero open orders all acting independently, all throwing their full allowable 3,000 contracts into the gold market within a few minutes of each other are infinitesimally small.

http://www.gotgoldreport.com/2013/05/so-much-for-position-limits-on-comex-gold.html

ReplyDelete
Replies
AnonymousThursday, 16 May, 2013
Predatory Lenders Still Target Soldiers: ‘Desperate People Accept Any Terms’

In their reporting, ProPublica and Marketplace cited examples such as a soldier based in South Carolina who borrowed $1600 and ended up paying $15,000 in interest over 32 months, and another in Texas who paid 600% in annual interest for a $400 loan.

As Kiel explains in the accompanying video, military personnel are particularly vulnerable to these legal loan sharks because “desperate people are willing to accept any terms to get the money.”

That desperation is fed, in part, because there are “repercussions for soldiers who fall into debt,” including the loss of security clearance, he says. Fear of such reprisals inhibits soldiers from taking advantage of government-sponsored aid agencies that are on the base and offer loans at far better terms, including 0%.

Soldiers "have a motivation to take care of [money needs] quickly, quietly and discretely; obviously, that’s not what ends up happening,” Kiel continues.

Indeed, as Marketplace quotes Army Captain Brandon Archuleta: “On a good day I would be notified by the soldier that a payday lender was looking for them because they are in default. On a bad day, it would be almost like an ambush. A phone call looking for such-and-such soldier. They were relentless.”
http://finance.yahoo.com/blogs/daily-ticker/predatory-lenders-still-target-soldiers-desperate-people-accept-145013682.html?

...and why doesn't the Fed create a 0% lending facility for those who make their money monopoly possible? Should be at least worth that much to the shysters.
ReplyDelete
Replies
GoodsThursday, 16 May, 2013
Man Dave, it sucks major balls being a silver gold bull these days!
ReplyDelete
Replies
AnonymousThursday, 16 May, 2013
The World Paper Council
Thus with the simultaneous occurrence of a massive liquidation of paper-called-gold, and a massive surge in demand for real gold; this was the headline from the WGC’s Q1 analysis, as reported by another one of the bankers’ most-loyal friends, Kitco Metals:

WGC: 1Q Global Gold Demand Contracts Due To ETF Outflows; Jewelry Rises

This headline was immediately followed by more of Kitco’s trademark gold-bashing:

…Large outflows from gold exchange-traded funds led to a 13% year-on-year decline in global gold demand during the first quarter to 963 metric tons, the World Gold Council said Thursday.

If one actually goes to the WGC website and reads through the report, it is presented in an almost opposite manner to Kitco’s bias. But understand this is a tag-team operation. Perhaps only 1% of the gold investors who see Kitco’s “WGC” headline and (supposed) summarization will ever actually go and read the original report.

The WGC produces the intentionally misleading data, and then the spin-doctors of Kitco “present it.”

http://bullionbullscanada.com/gold-commentary/26193-the-world-paper-council
ReplyDelete
Replies
tomThursday, 16 May, 2013
Let's File This Email About Greenspan and Replicating the Gold Standard Under 'Irony'

I found this little gem, and added it to my collection of reminders that Greenspan said that fiat money 'worked' because central bankers had learned to 'replicate' the gold standard through their policy actions. I had said 'emulate' but perhaps that was a quirk of memory.

This is from a publicly published note by Jude Wanniski titled Savings Glut.

From: Jude Wanniski < jwanniski@polyconomics.com
To: Ben.S.Bernanke@ * * * * *.GOV
Subject: Fwd: Re: Savings glut
5:44 pm, 7/21/2005

"Greenspan was plain awful in his testimony this week. But members of Congress don't know any better, so they slobber all over him. He again said we don't need a gold standard, because he has demonstrated since he came to the Fed in 1987 that the central bank could 'replicate' the gold standard.

Take a look at the dollar/gold price from 1987 until today and you will see how terrific he has been in replicating the gold standard. I can't wait for him to leave, Ben, because he now has so much invested in his Fed legacy as a Maestro that he could never admit he screwed up almost all along the way."

Wanniski sent this to Bernanke, who was at that time either on the Fed Board of Governors, or on the Council of Economic Advisors to W Bush. I can't recall the exact date of the transition.

The note is almost a howler, given the excesses in trickle down helicopter monetization and banking subsidies that Bernanke has engaged in since becoming the Chairman of the Fed, and the manner in which he has haplessly ravaged the quality of the Fed's Balance Sheet, while accomplishing little except extending the unsustainable status quo.

And I also like it because it helps to dispel the myth that the Fed does not watch and worry about the price of gold, which we have known for quite a long time. It is tied to their aspirations on interest rates, through the management of market perception. Larry Summers wrote about this relationship in Gibson's Paradox.

http://jessescrossroadscafe.blogspot.com/2013/05/lets-file-this-email-about-greenspan.html

this was a great post I did not want anyone to miss...it shows you what the truth is.
ReplyDelete
Replies
AnonymousThursday, 16 May, 2013
make $300/oz on the way to the bottom!
This guy sounds pretty damn sure of himself.
may 15
http://www.marketoracle.co.uk/Article40459.html
ReplyDelete
Replies

Add comment

Subscribe to: Post Comments (Atom)

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.