Your Economy (No Politics)

[roguedolphin]

Is Gold About To Disconnect From The Dollar?
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=26107066


From: SliderOnTheBlack 11/17/2009 7:30:27 PM
3 Recommendations of 20019

Is Gold About To Disconnect From The Dollar?

After a down open, gold, silver and pm stocks all rallied
into the face of a positive US dollar and closed up for
the day.

While a day doesn't a trend make, I believe that gold and PM's
are about to disconnect from the Dollar.

Why?

Because the market is beginning to realize that all US Dollar
rallies are driven by intervention (competitive devaluation)
and not positive underlying economic fundamentals.

The Swiss intervened in the market and bought dollars yesterday.
http://www.zerohedge.com/article/swiss-bank-intervention-time

And the market stepped in and snapped up gold, silver, and
pm stocks on the dip, and continued to push precious metals
higher into the face of an up dollar today.

Also concerning the purchase of IMF Gold by tiny Mauritius...

http://www.indianexpress.com/news/mauritius-buys-2-metric-tons-of-gold/542656/

...it may not hit the headlines, but it is known that more
than one small banking haven, has been making large commercial
gold purchases of late, as have a couple of large offshore
hedge funds.

And these hedge funds are not buying for their own accounts,
they're making directed purchases on behalf of clients. And
as much as I'd like to say it is, this isn't about a bet on
gold going higher, it's about wealth preservation.

It's about fear, not greed.

It's about fearing the coming confiscation of wealth by government.

Old money is moving capital offshore and moving it to gold
to preserve multi-generational wealth, and to protect their
wealth from coming predatory taxation and confiscation,
because they know what's coming.

There are reports out of Europe about old-monied families
selling multi-generational properties and leaving their
home countries. They know what the Lisbon Treaty did, they
know they've lost the protection of their Constitution,
their court system, and their national sovereignty, not
to mention their vote.

These people aren't into conspiracy theories, they're
into political and economic reality. These are people
in many cases whose land was occupied, and whose family
fortunes were confiscated by unfriendly governments in
prior generations.

Those lessons were not lost on their sons and daughters.

Again, for perhaps the 15th time...

Look at what the CBO said about where income tax rates must
go, given our deficits and unfunded liabilities.

And remember, this CBO report, and former Comptroller General
David Walker's comments, both came before last falls
market meltdown and the $23.7 trillion in bailouts, backstops,
and stimulus debt that's been added since.

----------------

From the CBO/Congressional Budget Office:

http://www.heritage.org/research/budget/bg2153.cfm

"Tax rates would need to be raised by "sub­stantial" amounts
to finance projected spend­ing. Specifically, "the tax rate
for the lowest bracket would have to be increased from
10 per­cent to 25 percent; the tax rate on incomes in the
current 25 percent bracket would have to be increased to
63 percent; and the tax rate of the highest bracket would
have to be raised from 35 percent to 88 percent.

The top corporate income tax rate would also increase from
35 percent to 88 percent."[4]

"Such tax rates would significantly reduce economic activity
and would create serious problems with TAX avoidance and tax
eva­sion. Revenues would probably fall signifi­cantly short of
the amount needed to finance the growth of spending;
therefore,
tax rates at such levels would probably not be economi­cally
feasible."[5]

-----------------

And it's not just the CBO.

Listen to what former U.S. Comptroller General David Walker
told 60 Minutes more than a year ago.

Quoting David Walker on America's debt, and the unfunded
liabilities of Social Security, Medicare, and Medicaid:

"These are massive entitlement programs we can no longer afford."

"If we do deliver on the benefits, there will be no money
for national defense, homeland security, or education."

"The Medicare Problem is 5 times greater than the Social
Security Problem."

----------------

Now let all that sink in for a moment.

The CBO just told you that income tax rates in America will
have to be more than doubled, just to finance projected
spending and to meet Social Security and Medicare commitments.

And former Comptroller General David Walker just told you
that the government would have to make a choice between
education, national defense, and Homeland security spending;
or paying you your Social Security and Medicare & Medicaid
benefits. Benefits you've already been taxed upon, and have
paid for.

It's time to grow up and face reality people.

The government has two choices.

1. Massively cut government spending on education,
the military, and Homeland security.

or,

2. Dramatically raise income tax rates, and break it's
promise to pay you the Social Security & Medicare benefits
you've already been taxed upon, and fully paid for.

And in case you haven't noticed, the government has already
made that decision for you.

What do you think Obamacare, Cap & Trade, and the Copenhagen
Treaty are about?

The Pink Ribbon crowd found out about health care rationing
today. And there's going to be a whole lot of health care
procedures that "new studies" will suddenly find are no
longer needed, or cost effective.

They used doctors in white coats to sell us cigarettes in
the 1950's, and today they're using doctors in white coats
on the White House lawn to sell us Obamacare.




Fool me once shame on you, fool me twice shame on me.

There's going to be a whole lot of union workers, school
teachers, government workers, and pseudo-intellectual liberals
who thought they were on "the winning team," whose income and
wealth, is about to be stolen by a coming tidal wave of new taxes,
not to mention job losses, and bankrupt pension plans resulting
from higher taxes, Cap & Trade and the Copenhagen Treaty.

And for anyone who's wishing for $5,000 gold, be careful
what you wish for, because this is what the road to
$5,000 gold will look like...

http://video.google.com/videoplay?docid=4353655982817317115#

And there won't be a single gold bug who wouldn't trade
all their gold back in, for one more chance to have become
politically involved before it was too late.

And if you still feel that it's just too much of a hassle, and
too much work to write your Senator a letter, or to attend
a Congressional Town Hall meeting. And you're afraid to speak
up, to get involved, or to attend a Tea Party rally, please
read this story, and then tell me about hassles, and fear...

http://www.rapidtrends.com/blog/surving-argentinas-economic-collapse-part-1-3/

http://www.rapidtrends.com/blog/surving-argentinas-economic-collapse-part-2-3/

http://www.rapidtrends.com/blog/surving-argentinas-economic-collapse-part-3-3/

We've got about 18-24 months to regain control of this country,
and stop this coup d'etat by international bankers and the
globalists within our own government, who are collapsing
America by design under a mountain of debt, into the long ago
scripted Hegelian Dialectic solution of UN global governance.

SOTB