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...


  1. 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.

  2. 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.

  3. 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...

  4. History doesn't always repeat, but it does rhyme - Mark Twaine

  5. 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.,_Fraud_%26_Force.html

    Said the Joker to the Thief

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

    ..scroll down

  6. Tarbaby is in deep shit without that teleprompter.

    1. Dude, I'm going to get some hate comments with your comment. But I believe in the 1st Amendment, unlike TOTUS (Teleprompter), and unless some sends something that is unreasonably malicious toward me or something that constitutes harassment (which happened when I first started this) I publish everything.

  7. "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!

  8. Tell it like it is Dave if the goodies and the prim and proper can't handle the truth..Tough.

    Great post


  9. I publish most everything sent to me too, that is when folks actually respond to my politically incorrect, vitriolic polemics.

  10. What do you think of Silvercorp Metals (SVM)? Thanks.

    1. I don't care for SVM. It's over-valued based on what they have in China and there's questions about the ethics of the CEO and accounting practices. Too much unquantifiable risk, imo.

      Having said that it will probably perform pretty well in this next move up in the miners. But I like EXK, HL, Wildcat Silver and AUMN much better.

  11. 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.... ;-)

  12. 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.

  13. 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......