Sold Down the River
“Sold me down the river
Take a look and see
Sold me down the river
There`s nothing left for me!”
The Japanese Minister of Finance once again restated the new view out of Japan that the level of the Yen is no longer an obsession with the monetary authorities of that nation. His comments were interpreted by the Forex markets that intervention to stem the advance of the Yen is most unlikely. With that, market participants wasted little time bidding the Yen into a strong advance.
Those statements of his, combined with that of Federal Reserve Vice Chairman, Donald Kohn, that the US economy would not experience a quick or sharp recovery out of its recession, were both read by traders that US interest rates were not going anywhere anytime soon. Carry traders then beat the Dollar down below critical support as they rushed into higher yielding currencies such as the Aussie and Loonie. The Euro also shot up to another new yearly high.
It is looking more and more like the current Administration has set on a course of deliberate destruction of the US Dollar and with it, the economic might that the US has 
enjoyed since post World War II. As said many times on these pages, the profligacy of the US has inescapable consequences and we are now seeing a rapid acceleration of the same. The fall in the Dollar is picking up momentum and that is why we are witnessing gold moving into new highs.
Protect yourself from the theft of your wealth by these conscienceless politicians and monetary officials for they have sold their citizenry down the river and plundered them in the process far more thoroughly than Atilla and his army of Huns ever did to Rome of old. At least the Roman inhabitants were aware of the pillaging of their substance – when the general public finally awakens to the despicable looting of their savings by these reeking buzzards, they will rush into gold with a fury that will shock even many of the readers of this site.
What’s Happening Now? Everything!
Everything we have discussed here is NOW taking place.
Everything we have suggested is coming is NOW on your doorstep.
Any ideas of trading have been smashed not only by common sense, but also by the flash systems against which you do not stand a chance.
All precious metals companies with materials in, on top or mining will succeed in market terms.
All shorts in both precious metals shares and gold itself will end up covering in a less than comfortable manner.
Gold will trade at $1250 and $1650 before going parabolic in the charts.
The US dollar is nearing a severe crisis period that will occur this winter.
Middle American business is facing severe difficulty with a collapse of CIT or even a failure to refinance CIT to a comfortable level a potential crisis-producing event. CIT is to Middle America what Lehman was to the financial industry.
There is very little to add today with one exception: Have you protected yourself?
Respectfully yours,
Who’s Behind the Scenes?
Jeff Jones, former domestic terrorist, turned NY affiliate and national consultant of Apollo Alliance, and grantwriter for your tax dollars in his federal tax dollar sponsored free time.
Clearly, the stimulus bill that no congressman read is not working. As it turns out, no congressman may have written it either. It’s largely the creation of a coalition of leftist organizations called the Apollo Alliance, whose primary interests are saving the Earth, environmental justice and redistributing wealth. They are not friends of job-creating capitalism.
Van Jones was on the board of the Apollo Alliance when appointed by Obama to be our green jobs czar.
Wade Rathke, founder of Acorn, Apollo board member.
Gerald Hudson, vice-president of the Service Employees International Union, Apollo board member.
John Podesta, Clinton’s Chief of Staff and president of the Center for American Progress, Apollo board member.
Mark Lloyd, diversity czar at the Federal Communications Commission, was a senior fellow at CAP.
Phil Kerpen of Americans for Prosperity told Glenn Beck, the Apollo Alliance put together a draft stimulus bill in 2008 that included almost everything in the final $787 billion package. Little did the voters know that the congressmen and senators they would elect would pass a bill written by activist outsiders.
Jeff Jones was a domestic terrorist in the ’60s and a fugitive from justice throughout the ’70s who, with Bill Ayers, helped found the Weather Underground in 1969. Today, Jones finds himself director of the Apollo Alliance’s New York affiliate and a consultant to the national group. One of his clients is the Workforce Development Institute, a union-controlled organization. As a consultant to WDI, Jones helps write the grant proposals for federal stimulus dollars — funds authorized in the bill that Apollo helped write — all to ensure that taxpayer dollars end up in the hands of groups that share Apollo’s political agenda.
Welcome to government of the activist, by the activist and for the activist.
Are you gonna let ‘em stick it to you?
He's hoping you'll just bend over and take it.
10 Reasons to write your representatives against socialist health care:
1. Most young and healthy opt out of health insurance – they want to stick us with $4k a year against our will. Sounds like they’re bilking us, not helping us!!! Some opt out of health insurance altogether; they work, save, and pay cash, in full.
2. Health care is as personal as it gets – it’s none of Uncle Sam’s business! Besides, the medical industry should be left to the professionals.
3. It is a Federal power grab. It may take a black market to keep a free market.
4. Obama lies! Coverage will pay for abortion on demand, even if you don’t want more tax dollars going toward it. Democrats voted this down every time it was brought up for vote. This is just one landmine in a field of ethical landmines (i.e., Physician assisted suicide, stem cell research, cloning, denying treatment to those deemed unfit to receive it, eugenics, etc.). Ironically, I guess when you look at it this way…health care is a “moral” issue (In a different sense than the reemerging Democrat crusade).
5. Obama lies! Coverage will be extended to illegal aliens. If they aren’t legal yet, he will make them legal (this is what he really means). Dems voted this down every time it was brought up for vote. This is at least one reason for rising medical costs; they treat the E.R. like their primary care physician.
6. They act like they are in a big hurry…for what? Remember the big push to pass more unread legislation before the August recess? Remember the last time they tried to pass unread legislation (the Stimulus Bill which was drafted by radical socialists in the “Apollo Alliance”). The “benefits” of such a system would not take effect until 2013 – a year after it would effect the next presidential election (how convenient Mr. Obama!?). If health care is the next moral threshold, why make people wait for it? Why hurry up just to wait? As with the Stimulus package, we’re just frogs in a kettle, and they’re just ever so gradually turning up the heat.
7. They are going around the citizens’ backs to try to get this done. Fortunately the house majority realizes that they will not get reelected if they fail to represent the people.
8. Socialized health care has not worked in the UK, France, or Canada. They have less high tech machinery, skilled research, and medical procedure advancement. Why else would they come here to get treatment? The upcoming generations will not be able to sustain such systems economically in the near future (and demographics don’t lie).
9. There has been no promise of a crack down on tort law. Ask any professional from the medical industry and they will tell you that rising medical costs are due to another quagmire: tort law (such as medical malpractice and Dr.s’ need for coverage). Approximately $252 Billion was spent in 2007 for Medical Malpractice Claims, about 2% of GDP. Leave it to a lawyer to tell you the truth.
10. Free things result in long lines. Recently, the Spaghetti Factory offered a free dinner at all their locations for one day. Mars and his buds got one after waiting in line for about 4-5 hours. I gave up when I saw the line stretch 3/4 of a block out the door.
Back to the Future
Reagan’s pre-presidency chat in 1961 discusses the threat of Socialized Medicine by Democrats, “the party that left him,” and Liberalism.
Another Familiar Face
NY Times, LA Times, and Washington Post only reported on Van Jones’ post-resignation status. They failed to inform the public of Obama’s initial appointment of this publicly self-avowed Communist as the new Green Collar Economy Czar, expected to produce “green jobs” from a limited Curricula Vitae of community organizing of public protests. Sound familiar?
Just another familiar face in Obama’s long line of sketchy associations. More steeped in Lenin and Marx than Bill Ayers, and as racially charged as Jeremiah Wright, this figure is the best of both worlds. Add in his outspoken conspiracy theory that the Bush Administration planned 9/11, and you have a full-fledged whack-job leaving everyone wondering is there anyone checking I.D.s at the door!?
This guy has all the traits that make a great Liberal: self-loathed nationalism, civil rights gone haywire, and a communist agenda at the core. Obama is building a dream team and this guy was first on the draft list. However, Van Jones was dropped from the 3 dozen or so “Czars.” You can chalk it up to the convenient dumping of relationships with people no longer considered politically-convenient for Obama.
What is troubling is the sound of “Czar,” which shares an etymology with “Kaiser,” and can be traced back to “Caesar” and other supreme authorities and kings who held absolute, unchecked power. Even more troubling is that these Czars are functioning with the authority and power of presidential cabinet members as a part of the executive branch, except without the process of Congressional confirmation. The most troubling thing: Representative government does not seem to matter to this former Constitutional Law Prof.
FDIC Aint Wit Bein’ Broke
The FDIC is BROKE in terms of present capital and even just the 416 troubled banks.
The FDIC will approach the US Treasury within ten weeks for additional funding.
The FDIC must, as their funds are falling towards zero.
The FDIC will be restocked with funds by the US Treasury.
The FDIC then becomes another form of QE.
The Chinese are publicly opposed to a continued QE dollar program.
This adds more fuel to the fire that this coming winter will be extremely difficult for the US dollar.
The Coming Deposit Insurance Bailout
Another lesson that federal guarantees aren’t free.
Americans are about to re-learn that bank deposit insurance isn’t free, even as Washington is doing its best to delay the coming bailout. The banking system and the federal fisc would both be better off in the long run if the political class owned up to the reality.
We’re referring to the federal deposit insurance fund, which has been shrinking faster than reservoirs in the California drought. The Federal Deposit Insurance Corp. reported late last week that the fund that insures some $4.5 trillion in U.S. bank deposits fell to $10.4 billion at the end of June, as the list of failing banks continues to grow. The fund was $45.2 billion a year ago, when regulators told us all was well and there was no need to take precautions to shore up the fund. More…
Economic (K)nights in White Satin?
Beauty I’d always missed, with these eyes before,
Just what the truth is, I can’t say anymore.
There is an inexplicable, but somehow widely held, belief that stock market movements are predictive of economic conditions. As such, the current rally in U.S. stock prices has caused many people to conclude that the recession is nearing an end. The widespread optimism is not confined to Wall Street, as even Barack Obama has pointed to the bubbly markets to vindicate his economic policies. However, reality is clearly at odds with these optimistic assumptions of our economic Knights in White Satin.
In the first place, stock markets have been taken by surprise throughout history. In the current cycle, neither the market nor its Knights in White Satin saw this recession coming, so why should anyone believe that these fonts of wisdom have suddenly become so clairvoyant?
According to “official” government statistics, the current recession began in December of 2007. Two months earlier, in October of that year, the Dow Jones Industrial Average and S&P 500 both hit all-time record highs. Exactly what foresight did this run-up provide? Obviously markets were completely blind-sided by the biggest recession since the Great Depression. In fact, the main reason why the markets sold off so violently in 2008, after the severity of the recession became impossible to ignore, was that the economic Knights in White Satin had so completely misread the economy in the preceding years.
Furthermore, throughout most of 2008, even as the economy was contracting, the economic Knights in White Satin and stock market strategists were still confident that a recession would be avoided. If they could not even forecast a recession that had already started, how can they possibly predict when it will end?
Am I “my brother’s keeper?” The Abuse of Political Rhetoric
I thought there was progressive liberal undertaking of separating church and state?…or any religious language from political discourse? However, lately Obama has been using words like “my brother’s keeper” and “calling” to describe incentives to do away with health care as we know it.
“Brother’s keeper” occurs once in the Bible (Genesis 4:9), and is from a answer to God’s question to Cain about where his brother is, after he had murdered him in cold blood. Not the sort of quote you would want to pull out in support of “health” or “care,” huh? However, in desperation, I suppose, liberal politicians will use anything – even religion, which they despise so much – to accomplish their dirty work. This is the near the pinnacle of the abuse of religion.
Furthermore, the worldview from which Obama is misquoting the Bible is known as the “Universal Brotherhood of Mankind,” oft used amongst “comrades,” of which I would rather not be one. The Bible as a whole does not support such an ideology. This theme is prevalent within Secular Humanism, but not God’s word.
The Bible does speak of physically caring for all mankind (Galatians 6:10), but specifically places priority on blood family (1 Timothy 5:8), and those within the household of faith, or family of believers in Jesus Christ before those outside the church (Galatians 6:10). The Bible never says that we are all brothers and sisters of each other. Each person, whether a believer or not, is valuable because they have the image of God in them, but those who actually care what the scripture says are to take care of themselves first (2 Thessalonians 3:10), then blood family and family in Jesus Christ, then the rest of the world.
Givin da Bling Bling in Anahood
If your looking for a bailout and some bling bling of your own, watch live.
Saturday: 7pm
Sunday: 6pm
</a:The Newest Ol’ Despotism
I want to imagine with what new features despotism could be produced in the world:
I see an innumerable crowd of like and equal men who revolve on themselves without repose, procuring the small and vulgar pleasures with which they fill their souls. …
Above these an immense tutelary power is elevated, which alone takes charge of assuring their enjoyments and watching over their fate. It is absolute, detailed, regular, far-seeing, and mild. It would resemble paternal power if, like that, it had for its object to prepare men for manhood; but on the contrary, it seeks only to keep them fixed irrevocably in childhood; it likes citizens to enjoy themselves provided that they think only of enjoying themselves. It willingly works for their happiness; but it wants to be the unique agent and sole arbiter of that; it provides for their security, foresees and secures their needs, facilitates their pleasures, conducts their principal affairs, directs their industry, regulates their estates, divides their inheritances; can it not take away from them entirely the trouble of thinking and the pain of living?
So it is that every day it renders the employment of free will less useful and more rare; it confines the action of the will in a smaller space and little by little steals the very use of it from each citizen. …
Thus, after taking each individual by turns in its powerful hands and kneading him as it likes, the sovereign extends its arms over society as a whole; it covers its surface with a network of small, complicated, painstaking, uniform rules through which the most original minds and the most vigorous souls cannot clear a way to surpass the crowd; it does not break wills but it softens them, bends them, and directs them; it rarely forces one to act, but it constantly opposes itself to one’s acting; it does not destroy, it prevents things from being born; it does not tyrannize, it hinders, compromises, enervates, extinguishes, dazes, and finally reduces each nation to being nothing more than a herd of timid and industrious animals of which government is the shepherd. …
I have always believed that this sort of regulated, mild, and peaceful servitude, whose picture I have just painted, could be combined better than one imagines with some of the external forms of freedom, and that it would not be impossible for it to be established in the very shadow of the sovereignty of the people.
Alexis de Tocqueville
–Alexis de Tocqueville
From Democracy in America, volume two, part four, chapter six: “What Kind of Despotism Democratic Nations Have to Fear” (translated by Harvey C. Mansfield and Delba Winthrop)
Read F. A Hayek “The Road to Serfdom: The Definitive Edition” U.of Chicago Press.
The Censorship of Wasted Talent
American historical heroes, Astronauts Neil Armstrong, Dr. Joseph Kerwin, and Gene Krantz launch a new pro-life TV commercial emphasizing the shocking potential of human life, as viewed above, after CNN and NBC reject ads. Read Full Article…
With 50 million aborted, it makes one wonder how much real, tangible talent and progress has been wasted in the last 30 or so years, when it takes just one person can to utterly change the course of history.
Meanwhile, back at the ranch… Sotomayor claims that technological advances should have more bearing on the law during proceedings for the Supreme Court vacancy. However, technological advances reveal stunning findings: a fetus’s heart can be detected at 14 days! Questions on Sotomayors stance on Roe v. Wade was met with evasion.
The justice system is meant to protect the rights of the most vulnerable and innocent, instead we have thrown the lives with the most potential and the most life left to live out with the day’s garbage.
Parody & Travesty: What MJ has to do with CA
Fans Flock to Mourn California, 1849-2009
LOS ANGELES – Millions of fans from around the globe gathered along Sunset Boulevard to pay final respects to California today, as a slow moving funeral procession transported the eccentric superstar state’s remains to its final resting place in a Winchell’s Donuts dumpster in Van Nuys. The self-proclaimed ‘King of Pop Culture’ died last week at 160, in what coroners ruled an accidental case of financial autoerotic asphyxiation. The death sent shock waves across the world and sparked an outpouring of grief by rabid fans.
The Private Sector Strikes Back
Change? We want Dollars!
The U.S. Chamber of Commerce recently announced that it is about to launch an unprecedented campaign to promote a basic American principle: capitalism.
“Dire economic circumstances have certainly justified some out-of-the-ordinary remedial actions by government,” said Thomas Donohue, President and CEO of the Chamber.
In dark times, it's ironic who you pass going the other way.
“But enough is enough. If we don’t stop the rapidly growing influence of government over private sector activity, we will squander America’s unmatched capacity to innovate and create a standard of living and free society that are the envy of the world.”
Huh…”The envy of the world.”
The Chamber is the largest trade organization in the world, representing over 3 million businesses and organizations. It said that the Campaign for Free Enterprise is one of the most important projects in its 100 year history.
marsupiol
rcondron
tymothyson
dudebailmeout
nmilnik
Remember the Alamo… I mean Adage!!
Here is an amazing cartoon from the Chicago Tribune in 1934. Look carefully at the plan of action. Remember the adage, “Those who do not remember the past are doomed to repeat it”