It just blows my mind that anyone still trusts or approves of Obama's Presidency. That latter fact reflects exactly why this country's Constitutional-based political system is collapsing.
Sunday, June 9, 2013
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What's the solution?
www.moneyandmarkets.com
Undisclosed exploration site
1 oz. Chinese Panda
1 oz. Gold Eagles
I'm not worried about how high in price gold is going, I'm worried about what the world around us will look like when it gets there
Eric Arthur Blair aka George Orwell
"Hope" is not a valid investment strategy
Full Time Jobs Over Last 5 Years
Is Your Gold Missing?
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.")
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.")
Got Gold?
GOLD IS MONEY...
EVERYTHING ELSE IS CREDIT
- J.P. Morgan
CONTACT ME:
QUOTE of the Year
Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants - but debt is the money of slaves
-Norm Franz, "Money and Wealth in the New Millenium"
-Norm Franz, "Money and Wealth in the New Millenium"
Blog Archive
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2013
(177)
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June
(16)
- Look What They Caught: Toilet Paper For Obama (lo...
- The Housing Market Is An Accident Waiting To Happe...
- The Precious Metals Sector
- The Housing Market Is An Accident Waiting To Happe...
- Regarding Dennis Gartman
- Edward Snowden: "This country is worth dying for"
- An Orwellian Orgasm
- Here's Why The "Taper" Won't Happen
- Up Next For The Insiders Looting Our System And De...
- Obama's Heart Of Darkness
- This About Sums It All Up Nice and Succinctly
- More Chart Porn For Friday - What Happened Today?
- The Revival: Friday Chart Porn
- The Comex Warehouse Stock Report Fraud Clarified
- The Stock Market May Be In Trouble: A Very Ominou...
- The Comex Confirms That Its Gold and Silver Invent...
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▼
June
(16)
Epic Quote - "Jesse" Sent This To Me
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."
- Anonymous
- Anonymous
The Basic Fundamental Problem
What's the solution?
“THERE IS NO MEANS OF AVOIDING THE FINAL COLLAPSE OF A BOOM BROUGHT ABOUT BY CREDIT EXPANSION. THE ALTERNATIVE IS ONLY WHETHER THE CRISIS SHOULD COME SOONER AS THE RESULT OF A VOLUNTARY ABANDONMENT OF FURTHER CREDIT EXPANSION OR LATER AS A FINAL AND TOTAL CATASTROPHE OF THE CURRENCY SYSTEM INVOLVED.”
Ludwig von Mises – Austrian Economist (1881- 1973)
Ludwig von Mises – Austrian Economist (1881- 1973)
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
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
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
Priceless Quote From Richard Russell
On Larry Summers: This doofus practically ruined Harvard when he headed it. I can't think of a worse choice to be chief economic advisor. I wouldn't trust Summers to manage a Starbucks franchise.
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.
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.
Quote of the Month
And very relevant in the context of yesterday's post about gold moving higher against all fiat currencies:
Just imagine what would happen if a mere ten percent of the money currently going into bonds were instead to go into gold. As in 1972, the real move has yet to begin.
- Murray Pollit, Pollit & Co.
A Picture Says It All...
www.moneyandmarkets.com
Golden ore samples produced by Eurasian Minerals
Undisclosed exploration site
The Next Reserve Currency?
1 oz. Chinese Panda
Guess who said this?
Rising prices of precious metals and other commodities are an indication of a very early stage of an endeavor to move away from paper currencies...What is fascinating is the extent to which gold still holds reign over the financial system as the ultimate source of payment.
-Alan Greenspan, 9 Sep 2009
-Alan Greenspan, 9 Sep 2009
THIS is what REAL money looks like
1 oz. Gold Eagles
Alan Greenspan said what?
“Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”
From "Gold and Economic Freedom" a 1966 Essay by Alan Greenspan
From "Gold and Economic Freedom" a 1966 Essay by Alan Greenspan
About Me
- Dave in Denver
- I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for a large bank. I have an MBA from the University of Chicago, with a concentration in accounting and finance. Currently I co-manage a precious metals and mining stock investment fund in Denver. My goal is to help people understand and analyze what is really going on in our financial system and economy.
Dave, do you think Obama will become another Nixon?
ReplyDeleteIt's mind boggling dave...pretty comical listening to the left defend this clown for the same conduct they wanted bush Hung for
ReplyDeleteThis country is hopeless. Colleges are full of liberaltards like Krugman. And Obama has brought in more and more Hispanics. People with right minds are easily outvoted.
DeleteAldous Huxley interview-1958 (FULL)
ReplyDeletehttp://youtu.be/3TQZ-2iMUR0
CAN THEY HEAR US NOW !!!!???????!!
ReplyDeleteDave, do you think Martin Armstrong the bankster shill has any insider info? He predicted that gold could reach $1200. The current price movement gives me a feeling that $1200 is achievable.
ReplyDeleteDaniel Ellsberg "I Think They Have Everything And That Is The Recipe For A TYRANNY In This Country!"
ReplyDeletehttp://youtu.be/n7wXVWjVfSY
The Naris device the NSA had connected to AT&T's fiber in San Francisco has the capability of capturing 100 billion 1000 character emails per day. This outrageous invasion of privacy has been going on for quite some time now and hence the reason for Bluffdale
ReplyDeleteThe Electronic Frontier Foudation has been actively trying to get this into the Supreme Court and the Govt has been doing everything in it's power to keep to keep it out.
All of this has been known for quite awhile. Why has the MSM been ignoring it up until now and Why all of a sudden is it gaining traction? William Binney - the NSA whistleblower exposed all of this in an interview with RT back in December. People should conclude each and every email with FU NSA
Ken
http://search.yahoo.com/search;_ylt=AgkzwPKpuCmYBEPF3l5YQ_ibvZx4?p=william+Binney+interview+rt&toggle=1&cop=mss&ei=UTF-8&fr=yfp-t-900&vm=r
If you are not outraged you have not been paying attention.....
ReplyDeleteSeriously...this is not news as anyone who actually reads and pays attention knows this has been going on.
Little an individual can do about it however look at the patriot act re-authorization that Obama signed, its all there.
The people that are most offended by this are the ones that have to be told to not post naked pictures of themselves on facebook or have them on there own phones.
For sure this is just another distraction....from what is the real question.
SEC Chair’s New Chief Counsel Entangled In Whistle-Blower Case Before SEC
ReplyDeleteThe Securities and Exchange Commission’s new chief counsel is a former top legal eagle at Deutsche Bank. And one of the biggest whistle-blower cases before the agency was brought by a former Deutsche Bank employee.In a statement, the SEC said that Rice “will serve as a senior legal and policy advisor to the Chair and provide advice and counsel on a wide variety of regulatory matters.”
Evidence on whether the so-called revolving door between regulators and legal defense affects enforcement outcomes is mixed. One study presented in 2012 by a group of business school professors looked at 284 enforcement actions over fraudulent financial reporting by 336 SEC lawyers. The study found that lawyers who left the SEC to work at law firms that defend clients against the SEC were actually more aggressive. The authors said that the evidence showed lawyers “exert more enforcement effort to showcase their expertise” as opposed to try to curry favor with future employers.
But a report released early this year by the Project on Government Oversight claimed that former SEC lawyers “routinely help corporations try to influence SEC rulemaking, counter the agency’s investigations of suspected wrongdoing, soften the blow of SEC enforcement actions, block shareholder proposals, and win exemptions from federal law.” POGO also claimed that the earlier study examined “only a sliver of the SEC’s work” by looking exclusively at enforcement actions for fraudulent financial reporting instead of how the SEC either did or didn’t pursue cases that stemmed from the financial crisis or investigations that never resulted in charges being brought forward.
http://www.buzzfeed.com/matthewzeitlin/sec-chairs-new-chief-counsel-entangled-in-whistleblower-case
The internet is the Robin Hood of our time .
ReplyDeleteWhere would we be if not for the vast amount of information that the internet has made possible.
The right of a free nation to once again realize the fruits of what freedoms that they enjoy, all given by the creators of the Declaration of Independence and Constitution should NEVER be forgotten or taken for granted!
Collective thinking is the call to duty at present. Acting upon the inherited rights to continued freedom will be very near future responsibility for all who are a part of this great honor.
All the Infrastructure a Tyrant Would Need, Courtesy of Bush and Obama
ReplyDeleteMore and more, we're counting on having angels in office and making ourselves vulnerable to devils.
Few Americans believe all of that to be so. Combining the people who didn't trust Bush and the ones who don't trust Obama adds up to a sizable part of the citizenry. But even if all the critics were proved wrong, even if the CIA, NSA, FBI, and every other branch of the federal government had been improbably filled, top to bottom, with incorruptible patriots constitutionally incapable of wrongdoing, this would still be so: The American people have no idea who the president will be in 2017. Nor do we know who'll sit on key Senate oversight committees, who will head the various national-security agencies, or whether the moral character of the people doing so, individually or in aggregate, will more closely resemble George Washington, Woodrow Wilson, FDR, Richard Nixon, Ronald Reagan, John Yoo, or Vladimir Putin.
What we know is that the people in charge will possess the capacity to be tyrants -- to use power oppressively and unjustly -- to a degree that Americans in 1960, 1970, 1980, 1990, or 2000 could've scarcely imagined. To an increasing degree, we're counting on having angels in office and making ourselves vulnerable to devils. Bush and Obama have built infrastructure any devil would lust after.
That's because we're allowing ourselves to become a nation of men, not laws. Illegal spying? Torture? Violating the War Powers Resolution and the convention that mandates investigating past torture?
No matter. Just intone that your priority is keeping America safe. Don't like the law? Just get someone in the Office of Legal Counsel to secretly interpret it in a way that twists its words and betrays its spirit.
You'll never be held accountable.
This isn't a argument about how tyranny is inevitable. It is an attempt to grab America by the shoulders, give it a good shake, and say: Yes, it could happen here, with enough historical amnesia, carelessness, and bad luck. We're not special. Our voters won't always pick good men and women to represent us. Some good women will be corrupted by power, and some bad men will slip through. Other democracies have degraded into quasi-authoritarian states; they didn't expect that to happen until it was too late to stop. We have safeguards to prevent us from following in their footstep. Stop casting them off because you fear al-Qaeda. Stop tempting fate.
http://www.theatlantic.com/politics/archive/2013/06/all-the-infrastructure-a-tyrant-would-need-courtesy-of-bush-and-obama/276635/
Liberty has been forgotten and forsaken, if ever it was wholly embraced by the masses.
ReplyDeleteGood Parents and Bad Parents…
ReplyDeleteThere has always been a debate about the “why” of “how” people turn out. In the 1983 movie Trading Places, Randolph and Mortimer Duke bet each other as to whether “good and bad” are natural traits or whether people are products of their environment. I believe both are correct and have at least some bearing on how people end up as either “good or bad.”
While conceding that people are born with a good heart, a black heart or somewhere in between I’d like to talk about “upbringing.” I believe that a basically good person can be taught to become a liar, a thief or a murderer. A naturally “bad” person on the other hand can be taught (though this is far more difficult) to be a better person. Obviously the time to best “form” a personality is during childhood. There are good parents and bad parents, kids will tend (obviously not always though) to follow in their parents footsteps and value system or “beliefs.” Stay with me, I am heading somewhere with this.
The world turns with both “good and bad” but society survives because there is a “rule of law.” No society can exist without a rule of law as chaos would rule the day without it. There needs to be a rule of law, enforcement of the law and consequences for breaking the law. Briefly, the rule of law is now breaking down in the U.S. Assets are routinely hypothecated (lent out or borrowed against 10 times over), the elite routinely avoid the law because they know people in high government positions who either shield them, look the other way or even change the laws for them. We have seen example after example over the last 10 years where fraud, theft, abuse of power, blind oversight and “rule changes” have aided the elite and harmed the average citizen either individually or collectively.
OK, this is what I’d like to say. “Governments” are just as important as “parents” are when it comes to “setting an example.” The more crooked a government is…the more crooked their society will be. Conversely, the more honest a government is…generally speaking the more honest that society will be. The “example” that we have witnessed here in the U.S. over the last couple of weeks (in reality, many years now) is atrocious to put it mildly. The Constitution is being ignored in so many different ways, corners cut, laws ignored, laws jammed through Congress without even being read, courts making judgments that even 5 years olds know are unjust etc.
My point is this; the population is going to follow the lead example of government. Unless we see an outrage from the citizenship over what has been uncovered over the last couple of weeks, forget about everything.
http://blog.milesfranklin.com/good-parents-and-bad-parents
OBAMA: Overrated Bastard Assaulting Middle America
ReplyDeleteSales of George Orwell’s "1984" are up 69 percent on Amazon, according to a list on the website.
ReplyDeleteThe book marked its 60th anniversary on June 6 amid a flurry of real-world news stories on secret government surveillance.
Amazon lists the paperback version of the sci-fi classic as the 19th biggest book on its Movers and Shakers list. The current sales rank is 110.
The list identifies the biggest gainers in sales rank compared to 24 hours ago.
http://washingtonexaminer.com/sales-of-orwells-1984-up-69-percent-on-amazon-list/article/2531503
Digital Blackwater rules
ReplyDeleteBy now, everything swirling around the US National Security Agency (NSA) points to a black box in a black hole. The black box is the NSA headquarters itself in Fort Meade, Maryland. The
black hole is an area that would include the suburbs of Virginia's Fairfax County near the CIA but mostly the intersection of the Baltimore Parkway and Maryland Route 32.
There one finds a business park a mile away from the NSA which Michael Hayden, a former NSA director (1999-2005) told Salon's Tim Shorrock is "the largest concentration of cyber power on the planet". [1] Hayden coined it "Digital Blackwater".
Here is a decent round up of key questions still not answered about the black hole. But when it comes to how a 29-year old IT wizard with little formal education has been able to access a batch of ultra-sensitive secrets of the US intelligence-national security complex, that's a no-brainer; it's all about the gung-ho privatization of spying - referred to by a mountain of euphemisms of the "contractor reliance" kind. In fact the bulk of the hardware and software used by the dizzying network of 16 US intelligence agencies is privatized.
A Washington Post investigation found out that US homeland security, counter-terror and spy agencies do business with over 1,900 companies. [2] An obvious consequence of this contractor tsunami - hordes of "knowledge" high-tech proletarians in taupe cubicles - is their indiscriminate access to ultra-sensitive security. A systems administrator like Snowden can have access to practically everything.
"Revolving door" does not even begin to explain the system. Snowden was one of 25,000 employees of Booz Allen Hamilton ("We are visionaries") for the past three months. [3] Over 70% of these employees, according to the company, have a government security clearance; 49% are top secret (as in Snowden's case), or higher. The former director of national intelligence Mike McConnell is now a Booz Allen vice president. The new director of national intelligence, the sinister-looking retired general James Clapper, is a former Booz Allen executive.
Since 1996, before the British handover to China, an extradition treaty applies between the tiger and the wolf. [4] The US Department of Justice is already surveying its options. It's important to remember that the Hong Kong judicial system is independent from China's - according to the Deng Xiaoping-conceptualized "one country, two systems". As much as Washington may go for extraditing Snowden, he may also apply for political asylum. In both cases he may stay in Hong Kong for months, in fact years.
The Hong Kong government cannot extradite anyone claiming he will be persecuted in his country of origin. And crucially, article 6 of the treaty stipulates, "a fugitive offender shall not be surrendered if the offence of which that person is accused or was convicted is an offence of a political character." Another clause stipulates that a fugitive shall not be surrendered if that implicates "the defense, foreign affairs or essential public interest or policy" of - guess who - the People's Republic of China.
So then we may have a case of Hong Kong and Beijing having to reach an agreement. Yet even if they decided to extradite Snowden, he could argue in court this was "an offence of a political character". The bottom line - this could drag on for years. And it's too early to tell how Beijing would play it for maximum leverage. A "win-win" situation from a Chinese point of view would be to balance its commitment to absolute non-interference in foreign domestic affairs, its desire not to rock the fragile bilateral relation boat, but also what non-pivoting move the US government would offer in return.
http://www.atimes.com/atimes/World/WOR-03-110613.html