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Ron Paul to be appointed Committee Chair overseeing Federal Reserve
11/30/2010 - 09:34
in Daily Paul Liberty Forum
In what can only be described as a huge victory for the libertarian wing of the GOP, word is leaking out of Washington that Congressman Ron Paul of Texas is about to be appointed Chairman of the Financial Services subcommittee. The committee has near complete oversight of the Federal Reserve
Speculation has swirled that Paul would immediately use his subpoena powers as chairman of the subcommittee to compel testimony from Federal Reserve officials
I read that essay a couple of years ago and I would have never known that a Fed chairman wrote it. It's sad to see what corruption can do to a great mind such as Mr. Greenspan's.
WOW, did you just see that spike in silver??
Deflation is what would be occurring naturally right now if the fed were not manipulating the markets!! If they ever step aside we would see the whole thing collapse, and the sad thing is, that is what needs to happen in order to clear out all the debt!!
That's why I love silver so much!! Back up the truck on any down legs...
That would be quite an honor to write your counties Constitution!! I wouldn't mind adding a few words to ours.
HAPPY THANKSGIVING to you as well!!
I was just getting ready to post that!! Thanks...
I'm good!! Still licking my wounds from EQBM... How are you?
Battle for the Silver Market on December Expiration
Dr. Jeff Lewis
There's a war waging for the silver market, and the war will soon break out over the course of the next week. Each month, as options and futures in the silver markets reach expiration, the bankers, investors and world interests plow into the market with shorts, pushing prices down and stymieing the total amount of delivery off the exchange.
This month, though, is of much greater interest for two simple reasons. First, those who have an interest in maintaining the paper silver trade cannot allow silver futures orders to be redeemed, either due to the fact that not enough silver is stored at the COMEX vaults or because they cannot allow the world to see how much real silver interest exists.
If the world were to see armored truck after armored truck pull into storage to pick up millions in metals, the pictures would spread faster than the tragedy at Tiananmen Square. Whole nations would shove even more money into metals, and prices would climb even higher. Investors would demand even more physical delivery of silver that probably doesn't even exist. They simply can't allow these scenarios to happen after the highly debated second round of quantitative easing.
However, most importantly, if the silver is not there, those who are massively short and behind the scheme cannot allow so many different contracts to be exercised all at the same time. Since last expiration, silver is up modestly at 10% in one month, but at one time was up nearly 25%, putting hundreds of thousands more ounces in futures contracts in the money. In the money contracts, after all, have to be exercised by someone to lock in profits.
The War is On
Going into next week, the recent downtrend from $29 to $23 will persist until the metal masters not only push silver back to parity with last month's value, but into negative territory as they seek to exercise damage control on a market that has already become wise to their games.
We know already that these institutions were massively short all the way from the early 2000s when silver traded under $5 per ounce. Today, they're still holding massive paper losses on their short positions, and unfortunately (for them), they are caught between a rock and a hard place. They could, after all, bid to cover (as they have been in the first two weeks of the run up) and allow silver to surge into the $30s, but they would risk a total shakedown when the COMEX fails to deliver enough silver. Or they could continue to chase bad money with good money, pushing down prices just before expiration and keeping the system alive. Based on history, it's pretty clear which side they'll land.
Take the Buying Opportunity
The week before options expiration has been, for a long time, an excellent time to add to your positions. While the powers that reside behind the curtains at the all-paper futures exchanges pile on their shorts to prevent collapse of the system, precious metals investors have artificially low prices from which to add to their position.
Don't let a crisis go to waste. As the bankers panic to keep the system in check, you're going to get an excellent buying opportunity. Never miss a buying opportunity in a bull market.
America Surrenders
Barry Ferguson
The sad tale of the greatest country in the world unwilling to fight.
I always wondered what it would feel like. A collective will is broken. A great people are humbled. Concessions are made. The symbolic white flag is raised. Surrender is offered. Control is conceded. Power is transferred. A new era begins. 'America' surrenders. It is not a good feeling.
Her people have been demoralized and humiliated by the turnstiles of indiscriminate personal invasion at airports. They have been bullied and intimidated by government regulators wielding authoritarian power. They have had their land and property seized. Their currency has long been hijacked. Skyscrapers have been imploded, military engagements have been fallaciously deployed, and financial promises have been rescinded. American ingenuity and courage have been supplanted by ignorance and cowardice. America can't control her borders, can't control her currency, can't control her economy, can't control her debt, and now entertains words of defeat - 'default' and 'bankruptcy'. America has been through war and she is tired. She surrendered to the Federal Reserve Bank with the acceptance of QE2.
No, there was no military battle and there was no conquering army. America cannot be defeated by conventional military tactics. But America has surrendered to the banker elite. The banker elite poisoned her with profound ignorance and broke her will with virulent debt. They positioned their primary weapon under the noses of her imbecilic Congress (Ron Paul excluded) in Washington and disguised it as the Federal Reserve Bank. Those with functioning brains cells know it to be neither 'Federal' nor a 'Reserve'. But their numbers are minuscule compared to those eager to embrace the idea of a benevolent omniscient omnipotent currency genie. It has been a long and persistent battle. But with the implementation and acceptance of the Fed's QE2, it seems America has finally conceded. She went down without a whimper or hardly a protest. According to the Federal Reserve Bank, without another trillion dollar injection, we risk economic and market calamity. Likewise, according to a heroin pusher, we need another fix. To avoid that scenario, all America has to do is submit to an large debt issuance that the Fed promises to buy and the Fed will let its subjects keep their big houses, shiny cars, and charge cards for a while longer. America has given up control, capital, and currency. She has also spurned the responsibility of credit and self-reliance. The banker elites have finally won. How did they do it? What happens now? We can only pray that God sends us another Andrew Jackson!
First we need to understand the conquerers. Their primary weapons are control of currency and credit. Consider the following quotation from United States Banker Magazine:
"Our top leaders are perfectly aware of the truth. They are presently working at establishing an imperialism of the capital to rule the world. But while they are implementing this plan, they must keep the people busy with political antagonisms."
Continuing:
"We'll therefore speed up the question of reform in the custom rates by the political organization called the Democratic Party; and we'll put the spotlight on the question of protection and of the reciprocity by the Republican Party."
And further:
"By dividing the electorate this way, we'll be able to have them spend their energies at struggling amongst themselves on questions that, for us, have no importance whatsoever, and on which we only touch upon as instructors of the common flock."
Some readers may be familiar with this passage. Most would be surprised to learn that these lines were taken from manuscript first published in 1892 and reprised in different publications through the years. For this article, the following website was used as a source of the text: http://www.breakfornews.com/forum/viewtopic.php?t=5593.
As for their strategy, they have not deviated. Again, from 1892:
"Let us make use of the courts... When, through the law's intervention, the common people shall have lost their homes, they will be more easy to control and more easy to govern. and they shall not be able to resist the strong hand of the government acting in accordance with... the control of the leaders of finance." - United States Bankers magazine, 1892 quoted in the Michael Journal, Jan. - Feb., 2003
Clearly, the banker elite have been intent on capturing America for some time and in fact, since the beginning of her sovereignty. Their weapon has been the ability to sell and extend credit in place of real money. The credit weapon is most efficient when detonated from a central location. The banker cartel cleverly waited until the European Central Bank (ECB) was established to rule the European Union members before making the final assault. Now the Fed controlled the US and the ECB controlled Europe. Both central banks could now work through the BIS to expand indebtedness with the use of derivatives and credit default swaps. The real estate bomb was activated. We, the people, took the bait of available credit from the bankers like Eve took the apple from the serpent. The participating banks incurred no risks in extending credit to customers as they were 'guaranteed' to survive by the central banks imposing their 'too big to fail' status. You can read my previous article entitled, Watch Your Asterisk to learn that even the trillion-plus MBS paper on the Fed's balance sheet is 'guaranteed' by the taxpayer through Fannie and Freddie. The bomb went off with the collapse of real estate. Luetinents like Henry Paulson were dispensed to get the original surrender documents signed. TARP and QE1 quickly followed.
Now we have to understand the conquered. The war, the attacks, and the surrender have all been carried out by well educated, well spoken, well dressed gentlemen who all claim to be on our side. They have all worked to keep the Dow Jones Industrial Average bouyant so the populous's 401(k)s illuminate the illusion of prosperity. This 'illusion of prosperity' has come at a great toll as the average American has seen their real estate values contracted, their wages garnished by the taxation of inflation and government spending, their futures forfeited to a cripled economy, and their currency's purchasing power diminished. The ignorant populus feeds from a bucket of oats while a new master fits them for a bridle and a saddle. Rockets could be fired from a Chinese submarine just off our western coast and the average American would be more concerned about their favorite dancing star on a television program. Money has always been a source of righteous seduction. Likewise, debt has always been the conduit of fiscal glutony. And credit is the irresistible seducer pimped by the banks and covetted by the populace. We wanted more than we could handle. Now we are on all fours with a nefarious banker on our back gouging his spurs into our flanks.
The elite bankers are the victors and the Fed's launch of QE2 is the equivalent to their raising their own flag over Washington. America must now admit that she can't make it on her own. She can't operate her own economy. She can't print her own currency. She can't live under a capitalist philosophy whereby bankrupt banks are allowed to declare bankruptcy. America no longer has the courage to guide her own course or face the truth. Clearly the American people have ceded control over their currency to the Federal Reserve but have now also ceded control of the entire economy. I could give you quotes from the Rothschilds concerning the control of currency and real power but I think we all know that ultimate control over an economy rests in the lap of the currency dispensor. In case you have been watching MSNBC non-stop, that would be the Federal Reserve. The Fed's QE2 program will inject roughly $112 billion (the announced $900 billion package divided by the next 8 months) confetti dollars per month for the next eight months into the banks (primarily Goldman, Citi, BofA, and JP Morgan) in exchange for Treasuries and MBS (Mortgage Backed Securities) paper. The economy, the currency, and the Dow Jones Industrials are now in the hands of the Federal Reserve. Will QE2 save America from economic dispare? Let's be honest. Here are a few points to chew on.
1) Is the economy so bad that after a $2 trillion dollar QE1, it now needs another trillion? I thought the government said the recession was over?
2) If QE1 didn't lower unemployment, why would QE2 do the trick?
3) The Fed is using the excuse of potential deflation to prime the currency pump. Yet, and I won't belabor the point, everything in our immediate economy is inflating in price. In my own personal space, my car battery died. Has anyone bought a battery lately? Mine cost $103 dollars! I told the guy installing the battery that I am not that old but I remember batteries costing $50 or $60 dollars. The technician looked to be in his thirties and and said sadly enough he had the same recollection. Deflation? Hardly!
4) The Fed says it wants banks to lend more so therefore they need an injection of cash. Bull-shivers! This is about moving the bad mortgage paper off the bankers' balance sheets and sticking the country with the resulting debt. Treasury purchases are a diversion. War is ugly. If the Fed really wanted to lower the yields on Treasury bonds to make loans more attractive, why don't they buy the bonds or notes directly from the Treasury Department like you and I can? The reason is the Fed is buying America's debts and mortgages with confetti and that kind of money has to be laundered through the banks. Why do they even go to the obvious point to publish the exact time of day that they are going to be buyingTreasuries on the 'open market'? Doesn't that allow the shill banks to 'front-run' the Fed's buy program? Isn't that illegal?
5) Why do we as a people allow the Fed to manipulate our economy? Again, the Fed is not 'Federal'. It is a private bank of foreign ownership. Why would I say that? The Fed is not audited and will not allow such an audit. Only a foreign bank would have that authority to rebuff such attempts. Further, why can't we as a people stand on our own two feet? Why do we need constant injections and stimulus from the monetary ruler? When prices are too high, we quit buying. The economy falls into recession. Prices come down. We save our money. We eventually start buying again. The economy grows. Repeat. That's the grand economic cycle. This Fed is intent on keeping our spending up to deplete the country of real capital that is now in foreign hands. We are easier to contol this way.
6) Given the Fed's lack of sovereignty, why would we let a foreign power absorb all of our debt paper and real estate paper? Sure, the Chinese and Japanese have already accumulated a lot of our debt. But there is a balance of trade, or an imbalance of trade, at work in that equation. What if a foreign bank in a land with no trading relationship with the US announced a large Treasury purchase? Would we protest? What if Iran announced they were buying a trillion of our Treasury debt? What if Cuba announced they were buying a trillion of our currency debt? Would we allow that to happen? Would we surrender to them? Other countries like Brazil are currently applying hefty taxation to foreign buyers of their debt as an impediment to this parasitic practice.
7) Surely without Fed manipulation, we could anticipate several developments. The Treasury would have to offer higher interest coupons to sell debt thus driving up interest rates. The stock market would fall considerably. The economy would resume a necessary recessionary course. The currency would probably strengthen. Aren't these the very events the Fed is trying to avert? As a people, Americans cannot live with a falling stock market. America can no longer accept reality. Thus, she has waved the white flag.
8) QE2 or QE3 or whatever will finally launder all the bad mortgage debt from the banks' balance sheets. America's debt will soon surmount the $14,000,000,000,000.00 mark with no peak in sight. More and more of the county's assets will go to pay the interest on the debt. How again, does the country benefit from Fed intervention? Most importantly, that's not even the point. The Fed Chairman's job is to look after the well-being of the Fed!
What happens now? I suspect at some point the Fed will engineer another 'false flag' event to drive stock indices much lower. They will seize upon the opportunity and reach out to the American people who will be cowering beneath their vastly reduced retirement funds. The Fed will likely offer to make the funds whole if the owners agree to convert to a government sponsored annuity. At that point, the Fed will be the largest 'economy' in the world. What would be their production? Slave labor of course. The central bank has proven they will stop at nothing. They are tenacious and persistent. Those who stand in their way have been crushed (except for Andrew Jackson). History has taught us that much. Let me close with a quote from former President, James Garfield.
"Whoever controls the volume of money in any country is absolute master of all industry and commerce... and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate." - 1881. President James Garfield - Howard, Milford Wriarson, The American Plutocracy, (New York, Holland Publishing Co. 1895) P. 158
A few weeks after making this statement, Garfield was assassinated (July 2, 1881). The truth can be dangerous.
America Surrenders
Barry Ferguson
The sad tale of the greatest country in the world unwilling to fight.
I always wondered what it would feel like. A collective will is broken. A great people are humbled. Concessions are made. The symbolic white flag is raised. Surrender is offered. Control is conceded. Power is transferred. A new era begins. 'America' surrenders. It is not a good feeling.
Her people have been demoralized and humiliated by the turnstiles of indiscriminate personal invasion at airports. They have been bullied and intimidated by government regulators wielding authoritarian power. They have had their land and property seized. Their currency has long been hijacked. Skyscrapers have been imploded, military engagements have been fallaciously deployed, and financial promises have been rescinded. American ingenuity and courage have been supplanted by ignorance and cowardice. America can't control her borders, can't control her currency, can't control her economy, can't control her debt, and now entertains words of defeat - 'default' and 'bankruptcy'. America has been through war and she is tired. She surrendered to the Federal Reserve Bank with the acceptance of QE2.
No, there was no military battle and there was no conquering army. America cannot be defeated by conventional military tactics. But America has surrendered to the banker elite. The banker elite poisoned her with profound ignorance and broke her will with virulent debt. They positioned their primary weapon under the noses of her imbecilic Congress (Ron Paul excluded) in Washington and disguised it as the Federal Reserve Bank. Those with functioning brains cells know it to be neither 'Federal' nor a 'Reserve'. But their numbers are minuscule compared to those eager to embrace the idea of a benevolent omniscient omnipotent currency genie. It has been a long and persistent battle. But with the implementation and acceptance of the Fed's QE2, it seems America has finally conceded. She went down without a whimper or hardly a protest. According to the Federal Reserve Bank, without another trillion dollar injection, we risk economic and market calamity. Likewise, according to a heroin pusher, we need another fix. To avoid that scenario, all America has to do is submit to an large debt issuance that the Fed promises to buy and the Fed will let its subjects keep their big houses, shiny cars, and charge cards for a while longer. America has given up control, capital, and currency. She has also spurned the responsibility of credit and self-reliance. The banker elites have finally won. How did they do it? What happens now? We can only pray that God sends us another Andrew Jackson!
First we need to understand the conquerers. Their primary weapons are control of currency and credit. Consider the following quotation from United States Banker Magazine:
"Our top leaders are perfectly aware of the truth. They are presently working at establishing an imperialism of the capital to rule the world. But while they are implementing this plan, they must keep the people busy with political antagonisms."
Continuing:
"We'll therefore speed up the question of reform in the custom rates by the political organization called the Democratic Party; and we'll put the spotlight on the question of protection and of the reciprocity by the Republican Party."
And further:
"By dividing the electorate this way, we'll be able to have them spend their energies at struggling amongst themselves on questions that, for us, have no importance whatsoever, and on which we only touch upon as instructors of the common flock."
Some readers may be familiar with this passage. Most would be surprised to learn that these lines were taken from manuscript first published in 1892 and reprised in different publications through the years. For this article, the following website was used as a source of the text: http://www.breakfornews.com/forum/viewtopic.php?t=5593.
As for their strategy, they have not deviated. Again, from 1892:
"Let us make use of the courts... When, through the law's intervention, the common people shall have lost their homes, they will be more easy to control and more easy to govern. and they shall not be able to resist the strong hand of the government acting in accordance with... the control of the leaders of finance." - United States Bankers magazine, 1892 quoted in the Michael Journal, Jan. - Feb., 2003
Clearly, the banker elite have been intent on capturing America for some time and in fact, since the beginning of her sovereignty. Their weapon has been the ability to sell and extend credit in place of real money. The credit weapon is most efficient when detonated from a central location. The banker cartel cleverly waited until the European Central Bank (ECB) was established to rule the European Union members before making the final assault. Now the Fed controlled the US and the ECB controlled Europe. Both central banks could now work through the BIS to expand indebtedness with the use of derivatives and credit default swaps. The real estate bomb was activated. We, the people, took the bait of available credit from the bankers like Eve took the apple from the serpent. The participating banks incurred no risks in extending credit to customers as they were 'guaranteed' to survive by the central banks imposing their 'too big to fail' status. You can read my previous article entitled, Watch Your Asterisk to learn that even the trillion-plus MBS paper on the Fed's balance sheet is 'guaranteed' by the taxpayer through Fannie and Freddie. The bomb went off with the collapse of real estate. Luetinents like Henry Paulson were dispensed to get the original surrender documents signed. TARP and QE1 quickly followed.
Now we have to understand the conquered. The war, the attacks, and the surrender have all been carried out by well educated, well spoken, well dressed gentlemen who all claim to be on our side. They have all worked to keep the Dow Jones Industrial Average bouyant so the populous's 401(k)s illuminate the illusion of prosperity. This 'illusion of prosperity' has come at a great toll as the average American has seen their real estate values contracted, their wages garnished by the taxation of inflation and government spending, their futures forfeited to a cripled economy, and their currency's purchasing power diminished. The ignorant populus feeds from a bucket of oats while a new master fits them for a bridle and a saddle. Rockets could be fired from a Chinese submarine just off our western coast and the average American would be more concerned about their favorite dancing star on a television program. Money has always been a source of righteous seduction. Likewise, debt has always been the conduit of fiscal glutony. And credit is the irresistible seducer pimped by the banks and covetted by the populace. We wanted more than we could handle. Now we are on all fours with a nefarious banker on our back gouging his spurs into our flanks.
The elite bankers are the victors and the Fed's launch of QE2 is the equivalent to their raising their own flag over Washington. America must now admit that she can't make it on her own. She can't operate her own economy. She can't print her own currency. She can't live under a capitalist philosophy whereby bankrupt banks are allowed to declare bankruptcy. America no longer has the courage to guide her own course or face the truth. Clearly the American people have ceded control over their currency to the Federal Reserve but have now also ceded control of the entire economy. I could give you quotes from the Rothschilds concerning the control of currency and real power but I think we all know that ultimate control over an economy rests in the lap of the currency dispensor. In case you have been watching MSNBC non-stop, that would be the Federal Reserve. The Fed's QE2 program will inject roughly $112 billion (the announced $900 billion package divided by the next 8 months) confetti dollars per month for the next eight months into the banks (primarily Goldman, Citi, BofA, and JP Morgan) in exchange for Treasuries and MBS (Mortgage Backed Securities) paper. The economy, the currency, and the Dow Jones Industrials are now in the hands of the Federal Reserve. Will QE2 save America from economic dispare? Let's be honest. Here are a few points to chew on.
1) Is the economy so bad that after a $2 trillion dollar QE1, it now needs another trillion? I thought the government said the recession was over?
2) If QE1 didn't lower unemployment, why would QE2 do the trick?
3) The Fed is using the excuse of potential deflation to prime the currency pump. Yet, and I won't belabor the point, everything in our immediate economy is inflating in price. In my own personal space, my car battery died. Has anyone bought a battery lately? Mine cost $103 dollars! I told the guy installing the battery that I am not that old but I remember batteries costing $50 or $60 dollars. The technician looked to be in his thirties and and said sadly enough he had the same recollection. Deflation? Hardly!
4) The Fed says it wants banks to lend more so therefore they need an injection of cash. Bull-shivers! This is about moving the bad mortgage paper off the bankers' balance sheets and sticking the country with the resulting debt. Treasury purchases are a diversion. War is ugly. If the Fed really wanted to lower the yields on Treasury bonds to make loans more attractive, why don't they buy the bonds or notes directly from the Treasury Department like you and I can? The reason is the Fed is buying America's debts and mortgages with confetti and that kind of money has to be laundered through the banks. Why do they even go to the obvious point to publish the exact time of day that they are going to be buyingTreasuries on the 'open market'? Doesn't that allow the shill banks to 'front-run' the Fed's buy program? Isn't that illegal?
5) Why do we as a people allow the Fed to manipulate our economy? Again, the Fed is not 'Federal'. It is a private bank of foreign ownership. Why would I say that? The Fed is not audited and will not allow such an audit. Only a foreign bank would have that authority to rebuff such attempts. Further, why can't we as a people stand on our own two feet? Why do we need constant injections and stimulus from the monetary ruler? When prices are too high, we quit buying. The economy falls into recession. Prices come down. We save our money. We eventually start buying again. The economy grows. Repeat. That's the grand economic cycle. This Fed is intent on keeping our spending up to deplete the country of real capital that is now in foreign hands. We are easier to contol this way.
6) Given the Fed's lack of sovereignty, why would we let a foreign power absorb all of our debt paper and real estate paper? Sure, the Chinese and Japanese have already accumulated a lot of our debt. But there is a balance of trade, or an imbalance of trade, at work in that equation. What if a foreign bank in a land with no trading relationship with the US announced a large Treasury purchase? Would we protest? What if Iran announced they were buying a trillion of our Treasury debt? What if Cuba announced they were buying a trillion of our currency debt? Would we allow that to happen? Would we surrender to them? Other countries like Brazil are currently applying hefty taxation to foreign buyers of their debt as an impediment to this parasitic practice.
7) Surely without Fed manipulation, we could anticipate several developments. The Treasury would have to offer higher interest coupons to sell debt thus driving up interest rates. The stock market would fall considerably. The economy would resume a necessary recessionary course. The currency would probably strengthen. Aren't these the very events the Fed is trying to avert? As a people, Americans cannot live with a falling stock market. America can no longer accept reality. Thus, she has waved the white flag.
8) QE2 or QE3 or whatever will finally launder all the bad mortgage debt from the banks' balance sheets. America's debt will soon surmount the $14,000,000,000,000.00 mark with no peak in sight. More and more of the county's assets will go to pay the interest on the debt. How again, does the country benefit from Fed intervention? Most importantly, that's not even the point. The Fed Chairman's job is to look after the well-being of the Fed!
What happens now? I suspect at some point the Fed will engineer another 'false flag' event to drive stock indices much lower. They will seize upon the opportunity and reach out to the American people who will be cowering beneath their vastly reduced retirement funds. The Fed will likely offer to make the funds whole if the owners agree to convert to a government sponsored annuity. At that point, the Fed will be the largest 'economy' in the world. What would be their production? Slave labor of course. The central bank has proven they will stop at nothing. They are tenacious and persistent. Those who stand in their way have been crushed (except for Andrew Jackson). History has taught us that much. Let me close with a quote from former President, James Garfield.
"Whoever controls the volume of money in any country is absolute master of all industry and commerce... and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate." - 1881. President James Garfield - Howard, Milford Wriarson, The American Plutocracy, (New York, Holland Publishing Co. 1895) P. 158
A few weeks after making this statement, Garfield was assassinated (July 2, 1881). The truth can be dangerous.
I know I've done my part in that!!!
Dr. Bernanke Gets a Phone Call
http://silverbearcafe.com/private/11.10/phonecall.html
So then what??? Will it ever return to planet Earth?
I was hoping for a bounce in the short term. I want to buy more cheap silver!!
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy. ...
I should get that for my wife when we fly next month!!
Has anyone seen the price premiums on APMEX.com?? They have double in the last few days!!!
Dear JP Morgan and HSBC scumbags,
Thank you for manipulating the price of silver so unbelievably low by your corrupt naked-shorting So Freaking Much (SFM) "paper silver," which allowed me and so many others to buy silver at low, low, bargain prices for all these years, which we did because we understand Austrian business-cycle theory and thus know that the treacherous Federal Reserve creating so much money will lead to terrifying inflation in prices, and we know that gold and silver will rise as the buying power of the dollar falls.
And especially silver, which is the subject of this note, and which should be selling at $90 Right Freaking Now (RFN) to maintain its historical 15:1 ratio to the price of $1,350 price of gold, which, too, is manipulated and thus destined for higher prices, dragging silver along with it.
And now both of these precious metals will go much, much higher from here because the treacherous Federal Reserve is literally asking banks and Treasury-debt dealers how many trillions of dollars of new money the Fed should create! Inflation will soar!
So, thanks again, scumbags!
Respectfully yours,
Got Gold????
Dear JP Morgan and HSBC scumbags,
Thank you for manipulating the price of silver so unbelievably low by your corrupt naked-shorting So Freaking Much (SFM) "paper silver," which allowed me and so many others to buy silver at low, low, bargain prices for all these years, which we did because we understand Austrian business-cycle theory and thus know that the treacherous Federal Reserve creating so much money will lead to terrifying inflation in prices, and we know that gold and silver will rise as the buying power of the dollar falls.
And especially silver, which is the subject of this note, and which should be selling at $90 Right Freaking Now (RFN) to maintain its historical 15:1 ratio to the price of $1,350 price of gold, which, too, is manipulated and thus destined for higher prices, dragging silver along with it.
And now both of these precious metals will go much, much higher from here because the treacherous Federal Reserve is literally asking banks and Treasury-debt dealers how many trillions of dollars of new money the Fed should create! Inflation will soar!
So, thanks again, scumbags!
Respectfully yours,
I saw that on TV the other day. That's a good one!!!
Preparing Kids for the Unknown
Lisa Belkin
There are many reasons not to start the push toward college before your child is even in preschool. You know most of them, but here's one you might not have thought of: There is no point in pushing children, because by the time today's toddlers turn 18, college - along with the book-based world for which college prepares you - will be an obsolete relic.
That's the argument put forth by Tracy Mayor in the most recent issue of Brain, Child magazine, in an article titled "Armageddon Mama: Parenting Toward the Apocalypse. Are We Raising Our Kids to Cope With a Radically Revised Future?" Mayor (who, more better known as a humor writer) notes:
The recent past has been a tough decade for parenting, anxiety-wise. Y2K set the mood, 9/11 shook us to the core, and suddenly in between changing diapers and taking pregnancy tests, we were worrying about anthrax in the mail and terrorists on every street corner. The first decade of the new millennium brought us two wars, two recessions, a flu pandemic, an autism epidemic, a childhood-obesity epidemic, a housing crisis, a health care crisis, a crisis in public education and toys made with phthalates, BPA and lead paint from China. Whew.
With that as prologue, she wonders why we are still preparing our children for a life where book-learning insures the future. What if "a fully wired, completely interconnected, always-on global marketplace of ideas and innovation" isn't actually what the future will look like, she asks. "What if we're raising our kids to succeed in a George Jetson kind of world, but they wind up living more like Fred Flintstone?"
Last week, at Babble.com, the columnist Jane Roper quoted Mayor's article and wondered how the possibility of "the Apocalypse" might change the way she raises her own twin daughters:
Our world, particularly America, is in the midst of huge economic, environmental and technological changes. We could be living in a very different society 20, 25 years from now. Who is to say that the key to success (or even survival) in that world will be having a degree from a top college? It could be that the kids who grew up less programmed are, in fact, more prepared to thrive. Maybe instead of getting them SAT tutors and signing them up for tuba lessons we should be taking them camping and teaching them how to grow their own food.
Mayor agrees. She cites writers like Bill McKibben (whose new book is "Eaarth: Making a Life on a Tough New Planet") and Sean Broderick (author of "The Ultimate Suburban Survivalist Guide") who both warn, with varying degrees of urgency and specificity, that tomorrow's adults may well need survival skills that their own parents (that would be us) do not have and are not taught in schools.
As McKibben tells her:
"When education started in this country, the goal was to round off people who were already practically skilled," McKibben says. "Most people grew up knowing how to do things like raise their own food and an astonishing number of tasks that we no longer know how to do. You went to school to read the classics and get some polish.
"We're now kind of in the opposite situation, where kids spend 100 percent of their time in a mediated environment. We learn about the world through one school or another. So we might need to be thinking more about using school to introduce us to those practical things that we don't know how to do anymore."
Broderick, in turn, lists a handful of skill sets that might still provide a living in the event of an economic collapse, things like "bike mechanic, toolmaker, cobbler, acoustic musician, or beermaker." He tells Mayor:
"I'm not saying you should run out and apprentice your kid to a tailor. Just pick a skill that can be done in the absence of electricity, something they can do with their hands where they can pitch in." His own son takes archery, for example; his daughter rides horses (which counts, I suppose, as an alternative source of transportation). Brodrick himself makes beer, for the fun of it now, he says, but also because, as he writes in his book, "Everybody is going to be stressed after a collapse. You might be able to make a good living thinking outside the box on how you can relieve [that] stress."
Beyond the homemade brewskis, he makes sure that his kids are learning more than one language, that they can do basic calculations in their heads, not just on a calculator, and that they learn how to haggle, a skill he believes will become invaluable when resources run scarce.
Neither Mayor or Roper are scooping up their families and moving to a wilderness survival camp. And neither has stopped trying to save for college. But they have already made small adjustments in their views of their children's future. Mayor, somewhat comforted by McKibben's prediction of a "powered down" society, where acquisition is not the endgame, and where neighbors look out for one another, has decided that her job is to raise her teen and pre-teen "to be in some way part of a solution. Not just recyclers or composters or occasional car-campers, but innovators, problem-solvers, team players, good citizens of the world." Also, she plans to teach them how to brew beer.
Roper, in turn, feels uncertainty gives her license to reject the amped up parenting she sees around her ("chapter books ... in kindergarten and signing them up for 10,000 extracurricular activities.") As she writes:
We want them to be kind, thoughtful and conscientious people. We want them to challenge themselves. We want them to be economically self-sufficient. We want them to find fulfillment in their work - either the wage earning kind and/or the not-so-profitable, pursuing your passion kind (writing, anyone?). And, yes, we want them to have choices in life, which a college education will most likely help provide. But we're not going to drive ourselves or our children crazy trying to make sure they get into ivy league schools, unless that's what they decide they want to do. (And in that case, they'd better get some hefty scholarships and/or be prepared to take on some debt!)
And you? What do you think will best prepare you children for the future? How much of it is under your control?
That one was perfect ticket!! A must read.
I have been watching that!! Very strange...
So why the hell is Obama leaving the country with 3,000 people, the nuclear launch codes, two air force ones, two Marine ones, and 34 war ships??? Plus, Hillary and turbo tax Tim will be gone as well!!!!!!!
Market Down Only 1.5% Priced In Gold
by Tyler Durden
The market as we know it, is now finished. As of last night, stocks are nothing but a policy tool, controlled exclusively, and very much legally and with no legislative control, by Ben Bernanke. The Federal Reserve has rendered the economy irrelevant. We hope America enjoys paying $10 for a loaf of bread shortly.
In the meantime, the market closed down 1.5% priced in gold, which closed $7 dollars short of $1,400. Next stop: $10,000.
All commodities including gold and silver will fly to the moon in this environment!! ETF's are a great way to trade and make easy money. Liquidity is good as gold in these super fast moving markets!!
Thanks!!
If I may, I would like to invite you guys to my board "Demise of the Dollar." There are some good posts on this board and could always use more deep thinkers to get us through the collapse of the dollar!!
http://investorshub.advfn.com/boards/board.aspx?board_id=12965
Here's to QE2 and yesterday's election:
This may be the conspiracy theory of the year!! I love this stuff:
The dollar is crashing and silver/gold are skyrocketing!!!