http://www.informationclearinghouse.info/article28213.htm
We have an obligation to every last victim of this illegal aggression because all of this carnage has been done in our name...Our victims have done nothing to us...They don't hate us because of our freedoms. They hate us because every day we are funding and committing crimes against humanity...This is genocide, and to most of the world, we are the terrorists.
"We can deny our heritage and our history, but we cannot escape responsibility for the result. There is no way for a citizen of a republic to abdicate his responsibilities." Edward R. Murrow
Tuesday, May 31, 2011
Russia Says IMF Chief Jailed For Discovering All US Gold Is Gone
http://www.whatdoesitmean.com/index1489.htm
A new report prepared for Prime Minister Putin by the Federal Security Service (FSB) says that former International Monetary Fund (IMF) Chief Dominique Strauss-Kahn [photo with Putin top left] was charged and jailed in the US for sex crimes on May 14th after his discovery that all of the gold held in the United States Bullion Depository located at Fort Knox [photo 2nd left] was ‘missing and/or unaccounted’ for.
“In October of 2009 the Chinese received a shipment of gold bars...
Officials were shocked to learn that the bars were fake. They contained cores of tungsten with only a outer coating of real gold. What's more, these gold bars, containing serial numbers for tracking, originated in the US and had been stored in Fort Knox for years. There were reportedly between 5,600 to 5,700 bars, weighing 400 oz. each, in the shipment!”
A new report prepared for Prime Minister Putin by the Federal Security Service (FSB) says that former International Monetary Fund (IMF) Chief Dominique Strauss-Kahn [photo with Putin top left] was charged and jailed in the US for sex crimes on May 14th after his discovery that all of the gold held in the United States Bullion Depository located at Fort Knox [photo 2nd left] was ‘missing and/or unaccounted’ for.
“In October of 2009 the Chinese received a shipment of gold bars...
Officials were shocked to learn that the bars were fake. They contained cores of tungsten with only a outer coating of real gold. What's more, these gold bars, containing serial numbers for tracking, originated in the US and had been stored in Fort Knox for years. There were reportedly between 5,600 to 5,700 bars, weighing 400 oz. each, in the shipment!”
Monday, May 30, 2011
MARK TWAIN: THE WAR PRAYER
It was a time of great and exalting excitement. The country was up in arms, the war was on, in every breast burned the holy fire of patriotism; the drums were beating, the bands playing, the toy pistols popping, the bunched firecrackers hissing and spluttering; on every hand and far down the receding and fading spread of roofs and balconies a fluttering wilderness of flags flashed in the sun; daily the young volunteers marched down the wide avenue gay and fine in their new uniforms, the proud fathers and mothers and sisters and sweethearts cheering them with voices choked with happy emotion as they swung by; nightly the packed mass meetings listened, panting, to patriot oratory which stirred the deepest deeps of their hearts, and which they interrupted at briefest intervals with cyclones of applause, the tears running down their cheeks the while; in the churches the pastors preached devotion to flag and country, and invoked the God of Battles beseeching His aid in our good cause in outpourings of fervid eloquence which moved every listener. It was indeed a glad and gracious time, and the half dozen rash spirits that ventured to disapprove of the war and cast a doubt upon its righteousness straightway got such a stern and angry warning that for their personal safety's sake they quickly shrank out of sight and offended no more in that way.
Sunday morning came -- next day the battalions would leave for the front; the church was filled; the volunteers were there, their young faces alight with martial dreams -- visions of the stern advance, the gathering momentum, the rushing charge, the flashing sabers, the flight of the foe, the tumult, the enveloping smoke, the fierce pursuit, the surrender! Then home from the war, bronzed heroes, welcomed, adored, submerged in golden seas of glory! With the volunteers sat their dear ones, proud, happy, and envied by the neighbors and friends who had no sons and brothers to send forth to the field of honor, there to win for the flag, or, failing, die the noblest of noble deaths. The service proceeded; a war chapter from the Old Testament was read; the first prayer was said; it was followed by an organ burst that shook the building, and with one impulse the house rose, with glowing eyes and beating hearts, and poured out that tremendous invocation
*God the all-terrible! Thou who ordainest! Thunder thy clarion and lightning thy sword!*
Then came the "long" prayer. None could remember the like of it for passionate pleading and moving and beautiful language. The burden of its supplication was, that an ever-merciful and benignant Father of us all would watch over our noble young soldiers, and aid, comfort, and encourage them in their patriotic work; bless them, shield them in the day of battle and the hour of peril, bear them in His mighty hand, make them strong and confident, invincible in the bloody onset; help them to crush the foe, grant to them and to their flag and country imperishable honor and glory --
An aged stranger entered and moved with slow and noiseless step up the main aisle, his eyes fixed upon the minister, his long body clothed in a robe that reached to his feet, his head bare, his white hair descending in a frothy cataract to his shoulders, his seamy face unnaturally pale, pale even to ghastliness. With all eyes following him and wondering, he made his silent way; without pausing, he ascended to the preacher's side and stood there waiting. With shut lids the preacher, unconscious of his presence, continued with his moving prayer, and at last finished it with the words, uttered in fervent appeal, "Bless our arms, grant us the victory, O Lord our God, Father and Protector of our land and flag!"
The stranger touched his arm, motioned him to step aside -- which the startled minister did -- and took his place. During some moments he surveyed the spellbound audience with solemn eyes, in which burned an uncanny light; then in a deep voice he said:
"I come from the Throne -- bearing a message from Almighty God!" The words smote the house with a shock; if the stranger perceived it he gave no attention. "He has heard the prayer of His servant your shepherd, and will grant it if such shall be your desire after I, His messenger, shall have explained to you its import -- that is to say, its full import. For it is like unto many of the prayers of men, in that it asks for more than he who utters it is aware of -- except he pause and think.
"God's servant and yours has prayed his prayer. Has he paused and taken thought? Is it one prayer? No, it is two -- one uttered, the other not. Both have reached the ear of Him Who heareth all supplications, the spoken and the unspoken. Ponder this -- keep it in mind. If you would beseech a blessing upon yourself, beware! lest without intent you invoke a curse upon a neighbor at the same time. If you pray for the blessing of rain upon your crop which needs it, by that act you are possibly praying for a curse upon some neighbor's crop which may not need rain and can be injured by it.
"You have heard your servant's prayer -- the uttered part of it. I am commissioned of God to put into words the other part of it -- that part which the pastor -- and also you in your hearts -- fervently prayed silently. And ignorantly and unthinkingly? God grant that it was so! You heard these words: 'Grant us the victory, O Lord our God!' That is sufficient. the *whole* of the uttered prayer is compact into those pregnant words. Elaborations were not necessary. When you have prayed for victory you have prayed for many unmentioned results which follow victory--*must* follow it, cannot help but follow it. Upon the listening spirit of God fell also the unspoken part of the prayer. He commandeth me to put it into words. Listen!
"O Lord our Father, our young patriots, idols of our hearts, go forth to battle -- be Thou near them! With them -- in spirit -- we also go forth from the sweet peace of our beloved firesides to smite the foe. O Lord our God, help us to tear their soldiers to bloody shreds with our shells; help us to cover their smiling fields with the pale forms of their patriot dead; help us to drown the thunder of the guns with the shrieks of their wounded, writhing in pain; help us to lay waste their humble homes with a hurricane of fire; help us to wring the hearts of their unoffending widows with unavailing grief; help us to turn them out roofless with little children to wander unfriended the wastes of their desolated land in rags and hunger and thirst, sports of the sun flames of summer and the icy winds of winter, broken in spirit, worn with travail, imploring Thee for the refuge of the grave and denied it -- for our sakes who adore Thee, Lord, blast their hopes, blight their lives, protract their bitter pilgrimage, make heavy their steps, water their way with their tears, stain the white snow with the blood of their wounded feet! We ask it, in the spirit of love, of Him Who is the Source of Love, and Who is the ever-faithful refuge and friend of all that are sore beset and seek His aid with humble and contrite hearts. Amen.
(*After a pause.*) "Ye have prayed it; if ye still desire it, speak! The messenger of the Most High waits!"
It was believed afterward that the man was a lunatic, because there was no sense in what he said.
--------------------------------------------------------------------------------
Twain apparently dictated it around 1904-05; it was rejected by his publisher, and was found after his death among his unpublished manuscripts. It was first published in 1923 in Albert Bigelow Paine's anthology, Europe and Elsewhere.
The story is in response to a particular war, namely the Philippine-American War of 1899-1902, which Twain opposed. See Jim Zwick's page "Mark Twain on the Philippines" for more of Twain's writings on the subject.
Sunday morning came -- next day the battalions would leave for the front; the church was filled; the volunteers were there, their young faces alight with martial dreams -- visions of the stern advance, the gathering momentum, the rushing charge, the flashing sabers, the flight of the foe, the tumult, the enveloping smoke, the fierce pursuit, the surrender! Then home from the war, bronzed heroes, welcomed, adored, submerged in golden seas of glory! With the volunteers sat their dear ones, proud, happy, and envied by the neighbors and friends who had no sons and brothers to send forth to the field of honor, there to win for the flag, or, failing, die the noblest of noble deaths. The service proceeded; a war chapter from the Old Testament was read; the first prayer was said; it was followed by an organ burst that shook the building, and with one impulse the house rose, with glowing eyes and beating hearts, and poured out that tremendous invocation
*God the all-terrible! Thou who ordainest! Thunder thy clarion and lightning thy sword!*
Then came the "long" prayer. None could remember the like of it for passionate pleading and moving and beautiful language. The burden of its supplication was, that an ever-merciful and benignant Father of us all would watch over our noble young soldiers, and aid, comfort, and encourage them in their patriotic work; bless them, shield them in the day of battle and the hour of peril, bear them in His mighty hand, make them strong and confident, invincible in the bloody onset; help them to crush the foe, grant to them and to their flag and country imperishable honor and glory --
An aged stranger entered and moved with slow and noiseless step up the main aisle, his eyes fixed upon the minister, his long body clothed in a robe that reached to his feet, his head bare, his white hair descending in a frothy cataract to his shoulders, his seamy face unnaturally pale, pale even to ghastliness. With all eyes following him and wondering, he made his silent way; without pausing, he ascended to the preacher's side and stood there waiting. With shut lids the preacher, unconscious of his presence, continued with his moving prayer, and at last finished it with the words, uttered in fervent appeal, "Bless our arms, grant us the victory, O Lord our God, Father and Protector of our land and flag!"
The stranger touched his arm, motioned him to step aside -- which the startled minister did -- and took his place. During some moments he surveyed the spellbound audience with solemn eyes, in which burned an uncanny light; then in a deep voice he said:
"I come from the Throne -- bearing a message from Almighty God!" The words smote the house with a shock; if the stranger perceived it he gave no attention. "He has heard the prayer of His servant your shepherd, and will grant it if such shall be your desire after I, His messenger, shall have explained to you its import -- that is to say, its full import. For it is like unto many of the prayers of men, in that it asks for more than he who utters it is aware of -- except he pause and think.
"God's servant and yours has prayed his prayer. Has he paused and taken thought? Is it one prayer? No, it is two -- one uttered, the other not. Both have reached the ear of Him Who heareth all supplications, the spoken and the unspoken. Ponder this -- keep it in mind. If you would beseech a blessing upon yourself, beware! lest without intent you invoke a curse upon a neighbor at the same time. If you pray for the blessing of rain upon your crop which needs it, by that act you are possibly praying for a curse upon some neighbor's crop which may not need rain and can be injured by it.
"You have heard your servant's prayer -- the uttered part of it. I am commissioned of God to put into words the other part of it -- that part which the pastor -- and also you in your hearts -- fervently prayed silently. And ignorantly and unthinkingly? God grant that it was so! You heard these words: 'Grant us the victory, O Lord our God!' That is sufficient. the *whole* of the uttered prayer is compact into those pregnant words. Elaborations were not necessary. When you have prayed for victory you have prayed for many unmentioned results which follow victory--*must* follow it, cannot help but follow it. Upon the listening spirit of God fell also the unspoken part of the prayer. He commandeth me to put it into words. Listen!
"O Lord our Father, our young patriots, idols of our hearts, go forth to battle -- be Thou near them! With them -- in spirit -- we also go forth from the sweet peace of our beloved firesides to smite the foe. O Lord our God, help us to tear their soldiers to bloody shreds with our shells; help us to cover their smiling fields with the pale forms of their patriot dead; help us to drown the thunder of the guns with the shrieks of their wounded, writhing in pain; help us to lay waste their humble homes with a hurricane of fire; help us to wring the hearts of their unoffending widows with unavailing grief; help us to turn them out roofless with little children to wander unfriended the wastes of their desolated land in rags and hunger and thirst, sports of the sun flames of summer and the icy winds of winter, broken in spirit, worn with travail, imploring Thee for the refuge of the grave and denied it -- for our sakes who adore Thee, Lord, blast their hopes, blight their lives, protract their bitter pilgrimage, make heavy their steps, water their way with their tears, stain the white snow with the blood of their wounded feet! We ask it, in the spirit of love, of Him Who is the Source of Love, and Who is the ever-faithful refuge and friend of all that are sore beset and seek His aid with humble and contrite hearts. Amen.
(*After a pause.*) "Ye have prayed it; if ye still desire it, speak! The messenger of the Most High waits!"
It was believed afterward that the man was a lunatic, because there was no sense in what he said.
--------------------------------------------------------------------------------
Twain apparently dictated it around 1904-05; it was rejected by his publisher, and was found after his death among his unpublished manuscripts. It was first published in 1923 in Albert Bigelow Paine's anthology, Europe and Elsewhere.
The story is in response to a particular war, namely the Philippine-American War of 1899-1902, which Twain opposed. See Jim Zwick's page "Mark Twain on the Philippines" for more of Twain's writings on the subject.
FRED REED: ON PATRIOTISM
http://www.informationclearinghouse.info/article28197.htm
When we say “John is a patriot,” we mean “John is a reliable member of our dog pack,” nothing more.
When we say “John is a patriot,” we mean “John is a reliable member of our dog pack,” nothing more.
A STORY
CREDIT TO GOLDMELTER
An Arizona Department of Safety Officer pulled over a pick-up truck owner
for a faulty taillight. When the officer approached the driver, the man
behind the wheel handed the officer his driver’s license, insurance card and
a concealed weapon carry permit.
The officer took all the documents, looked them over and said. "Mr..
Smith, I see you have a CCP. Do you have any weapons with you?"
The driver replied, " Yes sir, I have a 357 handgun in a hip holster, a
.45 in the glove box and a .22 derringer in my boot."
The officer looked at the driver and asked, "Anything else?"
"Yes sir, I have a Mossberg 500 12 gauge and an AR-15 behind the seat."
The officer asked if the man was driving to or from a shooting range
and the man said he wasn't, so the officer bent over and looked into the
driver's face and said "Mr. Smith, you're carrying quite a few guns.
May I ask what you are afraid of?
Mr. Smith locked eyes with the officer and calmly answered,
"Not a fucking thing!"
An Arizona Department of Safety Officer pulled over a pick-up truck owner
for a faulty taillight. When the officer approached the driver, the man
behind the wheel handed the officer his driver’s license, insurance card and
a concealed weapon carry permit.
The officer took all the documents, looked them over and said. "Mr..
Smith, I see you have a CCP. Do you have any weapons with you?"
The driver replied, " Yes sir, I have a 357 handgun in a hip holster, a
.45 in the glove box and a .22 derringer in my boot."
The officer looked at the driver and asked, "Anything else?"
"Yes sir, I have a Mossberg 500 12 gauge and an AR-15 behind the seat."
The officer asked if the man was driving to or from a shooting range
and the man said he wasn't, so the officer bent over and looked into the
driver's face and said "Mr. Smith, you're carrying quite a few guns.
May I ask what you are afraid of?
Mr. Smith locked eyes with the officer and calmly answered,
"Not a fucking thing!"
Friday, May 27, 2011
GARY NORTH: A MUST READ ARTICLE
TRIGGER POINTS AND EVASIVE ACTION
When would a wise Jew have begun making plans to leave
Germany? 1933? 1934? 1938? 1939?
In retrospect, most people would say 1933, the year
Hitler was appointed (not elected) Chancellor by President
von Hindenburg. On 30 January, Hitler became Chancellor. He
asked Hindenburg to dissolve the government and schedule
new elections for March 5, which Hindenburg did.
Should a Jew have begun packing his bags? Maybe not.
Maybe after the next election, the Nazis would have been
defeated.
On 27 February, the Reichstag building burned down.
One man did it, who admitted he had done it. Hitler
immediately identified him as a Communist, although even
today, it is not clear that he did anything but act alone.
Hitler used this as a propaganda tool. On March 5, the
Nazis got 44% of the popular vote, up from 33%. With an
allied party, they had 52% of the vote in the Reichstag.
Was it time to pack the bags? Maybe not. The Nazis did
not have a majority. They had only a coalition majority.
On March 23, the government passed the Enabling Act.
It took a two-thirds vote to do this. Hitler now possessed
dictatorial powers. He had attained these by means of
support by rival political parties.
http://en.wikipedia.org/wiki/Reichstag_fire
Was it time to pack the bags? Maybe not. Those powers
might not be used.
On April 1, a one-day boycott of Jewish businesses was
staged by the S.A., which were technically private storm
troops. Was it time to pack those bags. Maybe not. This was
not government-directed. It was only symbolic.
What about 1935's Nuremberg Laws on Citizenship and
Race? They made it illegal for Jews to be citizens. But
that was only politics. How many votes did Jews have,
anyway? They were only 1% to 2% of the population. Politics
isn't everything.
And so on, right down to Crystal Night in November
1938, when rioters broke the plate glass windows of 7,500
Jewish-owned businesses and burned or damaged 200
synagogues, meaning most synagogues in Germany.
After that, over 100,000 Jews packed their bags and
departed. Between 1933 and 1939, about half the Jews in
Germany emigrated: 250,000. But half did not.
There were a series of trigger points, 1933 to 1939.
Most Jews sat tight until very late.
Yet in Austria, Ludwig von Mises saw the handwriting
on the wall in 1934. He looked at the map. He concluded
that the Nazis would wind up running Austria. Hitler was an
Austrian, and he would want to control Austria. He packed
his bags and took his first salaried teaching position, a
job in Geneva, Switzerland. He warned Jewish friends to get
out. Economist Gottfried Haberler did, in 1936. Economist
Fritz Machlup already had. He fled in 1933. Well, not
quite. He was in the United States in 1933, and he decided
not to return to Austria. Both men found safe havens in the
United States. So did Mises in 1940, when he left
Switzerland, barely escaping German troops in France as he
and his wife road a bus toward Spain, and from there to
Portugal and the United States.
One might have thoughy that a careful reading of "Mein
Kampf" (1926) would have been a sufficient trigger point in
the Summer of 1933. The gun was loaded. Then the hammer was
cocked in March: the Enabling Act.
Laws enacted by the Reich government shall be
issued by the Chancellor and announced in the
Reich Gazette. They shall take effect on the day
following the announcement, unless they prescribe
a different date. Articles 68 to 77 of the
Constitution do not apply to laws enacted by the
Reich government.
Articles 68 to 77 stipulated the procedures for
enacting legislation in the Reichstag. "So what?" This
seems to have been a mere technicality. The language was so
procedural. But there was substance to it. As we read on
Wiki, "The Enabling Act allowed the cabinet to enact
legislation, including laws deviating from or altering the
constitution, without the consent of the Reichstag."
http://en.wikipedia.org/wiki/Enabling_Act_of_1933
It was time to move out and move on . . . and not just
if you were Jewish.
Some people see the signs. Others do not. Some decide
to get out while the getting is good. Others do not.
Incident by incident, trigger point by trigger point,
people see signs. Most people ignore them. "It can't happen
here." Most times it doesn't. Sometimes it does.
TRIGGERS AND SAFETIES
On April 5, 1933, President Franklin Roosevelt, in
office for one month, signed Executive Order 6102.
Executive Order 6102 required U.S. citizens to
deliver on or before May 1, 1933, all but a small
amount of gold coin, gold bullion, and gold
certificates owned by them to the Federal
Reserve, in exchange for $20.67 per troy ounce.
Under the Trading With the Enemy Act of October
6, 1917, as amended on March 9, 1933, violation
of the order was punishable by fine up to $10,000
($167,700 if adjusted for inflation as of 2010)
or up to ten years in prison, or both.
http://en.wikipedia.org/wiki/Executive_Order_6102
There was no public outcry. There was no sense of
loss. Violation of gold contracts, which had been legal
ever since 1879, had taken place, but few people cared.
That was a trigger point. There were many others. The
journalist Garet Garrett wrote of the New Deal in 1938,
"the revolution was." It was, in his words, a revolution
within the form.
There are those who still think they are
holding the pass against a revolution that may be
coming up the road. But they are gazing in the
wrong direction. The revolution is behind them.
It went by in the Night of Depression, singing
songs to freedom.
There are those who have never ceased to say
very earnestly, "Something is going to happen to
the American form of government if we don't watch
out." These were the innocent disarmers. Their
trust was in words. They had forgotten their
Aristotle. More than 2,000 years ago he wrote of
what can happen within the form, when "one thing
takes the place of another, so that the ancient
laws will remain, while the power will be in the
hands of those who have brought about revolution
in the state."
http://mises.org/books/pottage.pdf
That revolution avoided identifying the trigger points
for what they were. So did most Americans.
Another monetary trigger point was Nixon's unilateral
decision on August 15, 1971, to cancel all gold contracts
with foreign central banks to pay an ounce of gold for $35.
Again, there was no sense of outrage.
Along with that declaration, he froze wages and
prices. There was widespread cheering in the business
elite. That was a popular decision. The resulting
shortages, losses due to production bottlenecks, and long
lines in front of gasoline stations were not blamed on the
controls, at least not by the average voter.
Over the next decade, the United States suffered the
worst price inflation in its peacetime history. Gold went
from $35 an ounce in 1971 to over $800 an ounce in January
1980, falling only because Paul Volcker's Federal Reserve
policy of tighter money (1979-82) reversed the inflationary
panic.
Nixon's decision was a pair of trigger points, both
having to do with the violation of contracts.
There were counter-indications: safeties, to stick
with the analogy of triggers. The main ones were the
reduction in top marginal income tax brackets, first by
Kennedy and then by Reagan. Under Carter, price floors
imposed by Federal regulatory agencies were reduced or
eliminated. In transportation these changes produced rapid
economic growth and innovation, along with price cutting. A
decade earlier, the Federal Communications Commission's
Carterfone decision began to break the back of AT&T's
monopoly, which led to enormous innovation in
telecommunications.
The passage of the Patriot Act of 2001 was a blow to
liberty. The development of the Internet since 1995 has
been a much greater advancement of liberty.
TWO STEPS FORWARD, ONE STEP BACK
To shift the analogy, we are now in a "two steps
forward, one step back" scenario. I think we have been
since the end of the Vietnam War. The defeat of the United
States was visible. The government has subsequently sought
to reclaim the old trust, but it has failed to do so. The
public accepts inconclusive, drawn-out wars in the Middle
East only because it has no commitment to victory. Voters
assume that there will be no victory. This is not the basis
of strong political commitment. This is not the basis of
that crucial form of political capital: legitimacy.
The public's support of the Federal government has
been reduced to the Valley Girl's shrug: "Whatever." As
long as the public gets access to its entertainment and
does not suffer immediate pain, it ignores the Federal
government. Bureaucrats prosper, but the tax resistance is
strong and deep. The Federal government has been unable to
collect taxes in excess of 20% of GDP since 1946, and it
has never collected more than 23%, during World War II. The
pubic loves increased spending, but only if it is borrowed.
So, lots of money is borrowed by the Treasury. That
borrowing is now facing resistance. The Federal Reserve is
creating money to buy the deficit. China isn't. Japan
isn't. PIMCO isn't. Interest rates are low because only the
Federal government is borrowing heavily.
The Federal debt climbs relentlessly. The public does
not care enough to accept cuts in spending, but it will not
tolerate actual revenue increases. The debate over the
deficit is gridlocked. That means more debt. It also means
default. Today's "no pain, big deficit" will become "big
pain, big default." The only question is this: By what
arrangement? Hyperinflation? Outright default? Piecemeal
default?
BROKEN WINDOWS, BROKEN BUDGET
In Frederic Bastiat's story of the broken window, the
public sees spending as a way to get the economy going. The
broken window produces economic growth. The story points to
the truth: it takes resources to repair windows. That is
the thing not seen. The lesson: look for the thing not
seen.
The thing not seen today is the cost of communication.
Digits keep getting cheaper. Ideas spread far faster.
Networks are created by the millions. The government is in
control of none of this.
The more oranges in the air, the harder the juggler's
routine. This is the dilemma of every government on earth.
The real economy is growing because of cost-cutting and
innovation. The government wants to control this process,
but it can't.
On all sides, the politicians are besieged. They
cannot balance the budget. They have no intention of doing
so. Yet their failure places them on the dole. Ben Bernanke
is like some modern day J. P. Morgan, providing money in a
crisis, the way Morgan did (briefly) in 1907. But what will
happen when QE2 ceases? If the private sector wants to fund
the Federal government, capital will shift to Washington,
where it will be consumed.
The Federal government still parades as the ultimate
source of bailouts, the safety net of the nation. But with
whose money? Not the taxpayers' money. They won't pay. They
have kept Federal revenues below 20% of GDP for two
generations.
The Navy sends its dozen carriers to sweep the oceans,
but it can't catch land-based guerillas. Without boots on
the ground, there is no way for the military to impose its
will. The fiscal bloodletting required to fund the deployed
troops is huge. The Taliban is not losing. Iran is not
losing. It is not clear that Qadaffi is losing. Where are
we winning? "Wherever," says the Valley Girl.
The budget is the visible symbol of political
futility. There is no resolution. The Democrats' version
of the irresistible force is Medicare. The Republicans'
version of the immovable object is tax resistance. The
solution, so far, has been QE2. But it is scheduled to end
on June 30th.
Stalemate internationally is defeat. We will
eventually run out of money and patience. Stalemate
domestically is defeat. We will eventually run out of
money and patience.
The government is fixing broken windows. Every time
one gets fixed, two more get broken. Think of North Africa.
Think of Pakistan and Afghanistan. Think of the deficit.
Think of unemployment.
Crystal Night in 1938 was deliberate. It was not
metaphorical. But it was surely symbolic. We are watching
the economic equivalent of crystal night. The windows keep
breaking. The policies of fixing the broken glass seem to
lead to more broken glass. The new windows must be paid
for. By whom? For how long? At what rate of interest?
"WE TOLD YOU SO"
At some point, there will be too much broken glass for
the government to conduct business as usual. Interest rates
will rise. Prices will rise. Output will slow. Unemployment
will rise.
When politics shifts to establishing blame for visible
failures, the FCC-licensed airwaves and shrinking print
media will be filled with versions of "We told you so." The
Establishment will have its explanation, which will be Paul
Krugman's "the Federal government should have spent more."
On that defense, the Keynesian Establishment will bet the
farm.
In contrast will be the Internet, which will offer
multiple networks of blame-shifting. But there will be a
common theme: "Tax somebody else." Blame will be handed out
to many deserving candidates, but the common theme will be
this: "They bailed out their cronies."
The future of American politics will be settled by the
winning faction in the blame-shifting enterprise. But the
winners will have to be able to back it up with this: "We
told you so."
The economic gurus of the future will have to do the
same.
So will the hedge funds and portfolio managers.
To survive the coming fiscal cataclysm, one must be
vocal now. One must also put his money where his mouth is.
And he had better keep more of his money than the
competition.
CONCLUSION
Modern men know little history. Few people today know
the central issue of World War II. The World War I
settlement allowed Germany access to the free city of
Danzig, a port city. Beck, the Polish Foreign Minister,
refused to grant this access in 1939. So, Germany invaded
Poland. So did the Soviet Union three weeks later.
Jews caught in the west got trapped by the German
Army. Those in the east were trapped by the Soviet Army.
Germany's invasion of the USSR in June 1941 sealed the fate
of Jews in Poland.
Poles paid little attention to German politics in the
1930s. Jews in Poland were not concerned with these details
until 1939. By then it was too late. They were victims who
had no warning.
This is always the fate of those caught in a crossfire.
The average citizen has no real understanding of the
underlying causes of booms and busts. He trusts the
government. He thinks that those in charge know what they
are doing. Yet the evidence indicates otherwise.
There will be victims. The Great Default will affect
millions of people who do not understand that they are at
risk or why.
I suggest that you mentally identify some trigger
points as indicators. When they are set off, one by one,
increase your commitment to finding and funding a port in
the coming storm. Think "Tuscaloosa." Think "Joplin."
I hear sirens.
------------------------------------------------------
The Daily Reckoning is a free, daily e-mail service
brought to you by the authors of the NY Times Business
Bestseller "Financial Reckoning Day", "Demise Of Dollar",
"Empire Of Debt", and "Mobs, Messiahs and Markets".
To learn more or subscribe, please visit our website here:
http://clicks.dailyreckoning.com//t/AQ/AAWAYA/AAWMCA/DMQ/AQ/Axcnng/aN1a
When would a wise Jew have begun making plans to leave
Germany? 1933? 1934? 1938? 1939?
In retrospect, most people would say 1933, the year
Hitler was appointed (not elected) Chancellor by President
von Hindenburg. On 30 January, Hitler became Chancellor. He
asked Hindenburg to dissolve the government and schedule
new elections for March 5, which Hindenburg did.
Should a Jew have begun packing his bags? Maybe not.
Maybe after the next election, the Nazis would have been
defeated.
On 27 February, the Reichstag building burned down.
One man did it, who admitted he had done it. Hitler
immediately identified him as a Communist, although even
today, it is not clear that he did anything but act alone.
Hitler used this as a propaganda tool. On March 5, the
Nazis got 44% of the popular vote, up from 33%. With an
allied party, they had 52% of the vote in the Reichstag.
Was it time to pack the bags? Maybe not. The Nazis did
not have a majority. They had only a coalition majority.
On March 23, the government passed the Enabling Act.
It took a two-thirds vote to do this. Hitler now possessed
dictatorial powers. He had attained these by means of
support by rival political parties.
http://en.wikipedia.org/wiki/Reichstag_fire
Was it time to pack the bags? Maybe not. Those powers
might not be used.
On April 1, a one-day boycott of Jewish businesses was
staged by the S.A., which were technically private storm
troops. Was it time to pack those bags. Maybe not. This was
not government-directed. It was only symbolic.
What about 1935's Nuremberg Laws on Citizenship and
Race? They made it illegal for Jews to be citizens. But
that was only politics. How many votes did Jews have,
anyway? They were only 1% to 2% of the population. Politics
isn't everything.
And so on, right down to Crystal Night in November
1938, when rioters broke the plate glass windows of 7,500
Jewish-owned businesses and burned or damaged 200
synagogues, meaning most synagogues in Germany.
After that, over 100,000 Jews packed their bags and
departed. Between 1933 and 1939, about half the Jews in
Germany emigrated: 250,000. But half did not.
There were a series of trigger points, 1933 to 1939.
Most Jews sat tight until very late.
Yet in Austria, Ludwig von Mises saw the handwriting
on the wall in 1934. He looked at the map. He concluded
that the Nazis would wind up running Austria. Hitler was an
Austrian, and he would want to control Austria. He packed
his bags and took his first salaried teaching position, a
job in Geneva, Switzerland. He warned Jewish friends to get
out. Economist Gottfried Haberler did, in 1936. Economist
Fritz Machlup already had. He fled in 1933. Well, not
quite. He was in the United States in 1933, and he decided
not to return to Austria. Both men found safe havens in the
United States. So did Mises in 1940, when he left
Switzerland, barely escaping German troops in France as he
and his wife road a bus toward Spain, and from there to
Portugal and the United States.
One might have thoughy that a careful reading of "Mein
Kampf" (1926) would have been a sufficient trigger point in
the Summer of 1933. The gun was loaded. Then the hammer was
cocked in March: the Enabling Act.
Laws enacted by the Reich government shall be
issued by the Chancellor and announced in the
Reich Gazette. They shall take effect on the day
following the announcement, unless they prescribe
a different date. Articles 68 to 77 of the
Constitution do not apply to laws enacted by the
Reich government.
Articles 68 to 77 stipulated the procedures for
enacting legislation in the Reichstag. "So what?" This
seems to have been a mere technicality. The language was so
procedural. But there was substance to it. As we read on
Wiki, "The Enabling Act allowed the cabinet to enact
legislation, including laws deviating from or altering the
constitution, without the consent of the Reichstag."
http://en.wikipedia.org/wiki/Enabling_Act_of_1933
It was time to move out and move on . . . and not just
if you were Jewish.
Some people see the signs. Others do not. Some decide
to get out while the getting is good. Others do not.
Incident by incident, trigger point by trigger point,
people see signs. Most people ignore them. "It can't happen
here." Most times it doesn't. Sometimes it does.
TRIGGERS AND SAFETIES
On April 5, 1933, President Franklin Roosevelt, in
office for one month, signed Executive Order 6102.
Executive Order 6102 required U.S. citizens to
deliver on or before May 1, 1933, all but a small
amount of gold coin, gold bullion, and gold
certificates owned by them to the Federal
Reserve, in exchange for $20.67 per troy ounce.
Under the Trading With the Enemy Act of October
6, 1917, as amended on March 9, 1933, violation
of the order was punishable by fine up to $10,000
($167,700 if adjusted for inflation as of 2010)
or up to ten years in prison, or both.
http://en.wikipedia.org/wiki/Executive_Order_6102
There was no public outcry. There was no sense of
loss. Violation of gold contracts, which had been legal
ever since 1879, had taken place, but few people cared.
That was a trigger point. There were many others. The
journalist Garet Garrett wrote of the New Deal in 1938,
"the revolution was." It was, in his words, a revolution
within the form.
There are those who still think they are
holding the pass against a revolution that may be
coming up the road. But they are gazing in the
wrong direction. The revolution is behind them.
It went by in the Night of Depression, singing
songs to freedom.
There are those who have never ceased to say
very earnestly, "Something is going to happen to
the American form of government if we don't watch
out." These were the innocent disarmers. Their
trust was in words. They had forgotten their
Aristotle. More than 2,000 years ago he wrote of
what can happen within the form, when "one thing
takes the place of another, so that the ancient
laws will remain, while the power will be in the
hands of those who have brought about revolution
in the state."
http://mises.org/books/pottage.pdf
That revolution avoided identifying the trigger points
for what they were. So did most Americans.
Another monetary trigger point was Nixon's unilateral
decision on August 15, 1971, to cancel all gold contracts
with foreign central banks to pay an ounce of gold for $35.
Again, there was no sense of outrage.
Along with that declaration, he froze wages and
prices. There was widespread cheering in the business
elite. That was a popular decision. The resulting
shortages, losses due to production bottlenecks, and long
lines in front of gasoline stations were not blamed on the
controls, at least not by the average voter.
Over the next decade, the United States suffered the
worst price inflation in its peacetime history. Gold went
from $35 an ounce in 1971 to over $800 an ounce in January
1980, falling only because Paul Volcker's Federal Reserve
policy of tighter money (1979-82) reversed the inflationary
panic.
Nixon's decision was a pair of trigger points, both
having to do with the violation of contracts.
There were counter-indications: safeties, to stick
with the analogy of triggers. The main ones were the
reduction in top marginal income tax brackets, first by
Kennedy and then by Reagan. Under Carter, price floors
imposed by Federal regulatory agencies were reduced or
eliminated. In transportation these changes produced rapid
economic growth and innovation, along with price cutting. A
decade earlier, the Federal Communications Commission's
Carterfone decision began to break the back of AT&T's
monopoly, which led to enormous innovation in
telecommunications.
The passage of the Patriot Act of 2001 was a blow to
liberty. The development of the Internet since 1995 has
been a much greater advancement of liberty.
TWO STEPS FORWARD, ONE STEP BACK
To shift the analogy, we are now in a "two steps
forward, one step back" scenario. I think we have been
since the end of the Vietnam War. The defeat of the United
States was visible. The government has subsequently sought
to reclaim the old trust, but it has failed to do so. The
public accepts inconclusive, drawn-out wars in the Middle
East only because it has no commitment to victory. Voters
assume that there will be no victory. This is not the basis
of strong political commitment. This is not the basis of
that crucial form of political capital: legitimacy.
The public's support of the Federal government has
been reduced to the Valley Girl's shrug: "Whatever." As
long as the public gets access to its entertainment and
does not suffer immediate pain, it ignores the Federal
government. Bureaucrats prosper, but the tax resistance is
strong and deep. The Federal government has been unable to
collect taxes in excess of 20% of GDP since 1946, and it
has never collected more than 23%, during World War II. The
pubic loves increased spending, but only if it is borrowed.
So, lots of money is borrowed by the Treasury. That
borrowing is now facing resistance. The Federal Reserve is
creating money to buy the deficit. China isn't. Japan
isn't. PIMCO isn't. Interest rates are low because only the
Federal government is borrowing heavily.
The Federal debt climbs relentlessly. The public does
not care enough to accept cuts in spending, but it will not
tolerate actual revenue increases. The debate over the
deficit is gridlocked. That means more debt. It also means
default. Today's "no pain, big deficit" will become "big
pain, big default." The only question is this: By what
arrangement? Hyperinflation? Outright default? Piecemeal
default?
BROKEN WINDOWS, BROKEN BUDGET
In Frederic Bastiat's story of the broken window, the
public sees spending as a way to get the economy going. The
broken window produces economic growth. The story points to
the truth: it takes resources to repair windows. That is
the thing not seen. The lesson: look for the thing not
seen.
The thing not seen today is the cost of communication.
Digits keep getting cheaper. Ideas spread far faster.
Networks are created by the millions. The government is in
control of none of this.
The more oranges in the air, the harder the juggler's
routine. This is the dilemma of every government on earth.
The real economy is growing because of cost-cutting and
innovation. The government wants to control this process,
but it can't.
On all sides, the politicians are besieged. They
cannot balance the budget. They have no intention of doing
so. Yet their failure places them on the dole. Ben Bernanke
is like some modern day J. P. Morgan, providing money in a
crisis, the way Morgan did (briefly) in 1907. But what will
happen when QE2 ceases? If the private sector wants to fund
the Federal government, capital will shift to Washington,
where it will be consumed.
The Federal government still parades as the ultimate
source of bailouts, the safety net of the nation. But with
whose money? Not the taxpayers' money. They won't pay. They
have kept Federal revenues below 20% of GDP for two
generations.
The Navy sends its dozen carriers to sweep the oceans,
but it can't catch land-based guerillas. Without boots on
the ground, there is no way for the military to impose its
will. The fiscal bloodletting required to fund the deployed
troops is huge. The Taliban is not losing. Iran is not
losing. It is not clear that Qadaffi is losing. Where are
we winning? "Wherever," says the Valley Girl.
The budget is the visible symbol of political
futility. There is no resolution. The Democrats' version
of the irresistible force is Medicare. The Republicans'
version of the immovable object is tax resistance. The
solution, so far, has been QE2. But it is scheduled to end
on June 30th.
Stalemate internationally is defeat. We will
eventually run out of money and patience. Stalemate
domestically is defeat. We will eventually run out of
money and patience.
The government is fixing broken windows. Every time
one gets fixed, two more get broken. Think of North Africa.
Think of Pakistan and Afghanistan. Think of the deficit.
Think of unemployment.
Crystal Night in 1938 was deliberate. It was not
metaphorical. But it was surely symbolic. We are watching
the economic equivalent of crystal night. The windows keep
breaking. The policies of fixing the broken glass seem to
lead to more broken glass. The new windows must be paid
for. By whom? For how long? At what rate of interest?
"WE TOLD YOU SO"
At some point, there will be too much broken glass for
the government to conduct business as usual. Interest rates
will rise. Prices will rise. Output will slow. Unemployment
will rise.
When politics shifts to establishing blame for visible
failures, the FCC-licensed airwaves and shrinking print
media will be filled with versions of "We told you so." The
Establishment will have its explanation, which will be Paul
Krugman's "the Federal government should have spent more."
On that defense, the Keynesian Establishment will bet the
farm.
In contrast will be the Internet, which will offer
multiple networks of blame-shifting. But there will be a
common theme: "Tax somebody else." Blame will be handed out
to many deserving candidates, but the common theme will be
this: "They bailed out their cronies."
The future of American politics will be settled by the
winning faction in the blame-shifting enterprise. But the
winners will have to be able to back it up with this: "We
told you so."
The economic gurus of the future will have to do the
same.
So will the hedge funds and portfolio managers.
To survive the coming fiscal cataclysm, one must be
vocal now. One must also put his money where his mouth is.
And he had better keep more of his money than the
competition.
CONCLUSION
Modern men know little history. Few people today know
the central issue of World War II. The World War I
settlement allowed Germany access to the free city of
Danzig, a port city. Beck, the Polish Foreign Minister,
refused to grant this access in 1939. So, Germany invaded
Poland. So did the Soviet Union three weeks later.
Jews caught in the west got trapped by the German
Army. Those in the east were trapped by the Soviet Army.
Germany's invasion of the USSR in June 1941 sealed the fate
of Jews in Poland.
Poles paid little attention to German politics in the
1930s. Jews in Poland were not concerned with these details
until 1939. By then it was too late. They were victims who
had no warning.
This is always the fate of those caught in a crossfire.
The average citizen has no real understanding of the
underlying causes of booms and busts. He trusts the
government. He thinks that those in charge know what they
are doing. Yet the evidence indicates otherwise.
There will be victims. The Great Default will affect
millions of people who do not understand that they are at
risk or why.
I suggest that you mentally identify some trigger
points as indicators. When they are set off, one by one,
increase your commitment to finding and funding a port in
the coming storm. Think "Tuscaloosa." Think "Joplin."
I hear sirens.
------------------------------------------------------
The Daily Reckoning is a free, daily e-mail service
brought to you by the authors of the NY Times Business
Bestseller "Financial Reckoning Day", "Demise Of Dollar",
"Empire Of Debt", and "Mobs, Messiahs and Markets".
To learn more or subscribe, please visit our website here:
http://clicks.dailyreckoning.com//t/AQ/AAWAYA/AAWMCA/DMQ/AQ/Axcnng/aN1a
Oppose PROTECT-IP Act: U.S. Government Wants To Censor Search Engines And Browsers
Tell Congress to Kill COICA 2.0, the Internet Censorship Bill
http://act.demandprogress.org/act/protectip_docs/?source=fb
As world burns, G8 leaders fiddle ... with the Internet. Seriously?
Sarkozy, Obama, and the other leaders at the G8 should be evaluating the policies that have brought them to the brink of financial ruin.
Unfortunately, their attention will be elsewhere: on Internet regulation, for one thing.
http://www.csmonitor.com/Commentary/Opinion/2011/0525/As-world-burns-G8-leaders-fiddle-with-the-Internet.-Seriously
Unfortunately, their attention will be elsewhere: on Internet regulation, for one thing.
http://www.csmonitor.com/Commentary/Opinion/2011/0525/As-world-burns-G8-leaders-fiddle-with-the-Internet.-Seriously
Thursday, May 26, 2011
There’s a Secret Patriot Act, Senator Says
http://www.informationclearinghouse.info/article28193.htm
http://www.wired.com/dangerroom/2011/05/secret-patriot-act/
You think you understand how the Patriot Act allows the government to spy on its citizens. Sen. Ron Wyden says it’s worse than you know.
Wednesday, May 25, 2011
SATIRE FROM THE ONION: Oprah: A Look Back
SLIDESHOW
http://www.theonion.com/articles/oprah-a-look-back,20541/
GT sez:
PLEASE OPRAH, JUST GO AWAY ALREADY.
http://www.theonion.com/articles/oprah-a-look-back,20541/
GT sez:
PLEASE OPRAH, JUST GO AWAY ALREADY.
Tuesday, May 24, 2011
NOAM CHOMSKY: Osama bin Laden's Death: There Is Much More To Say
http://www.informationclearinghouse.info/article28161.htm
EXERPTS: (Read the entire article)
...In societies that profess some respect for law, suspects are apprehended and brought to fair trial. I stress "suspects."
...There has never been any reason to doubt what the FBI believed in mid-2002, but that leaves us far from the proof of guilt required in civilized societies – and whatever the evidence might be, it does not warrant murdering a suspect who could, it seems, have been easily apprehended and brought to trial. Much the same is true of evidence provided since.
It might be instructive to ask ourselves how we would be reacting if Iraqi commandos landed at George W. Bush's compound, assassinated him, and dumped his body in the Atlantic (after proper burial rites, of course).
...We are left with two choices: either Bush and associates are guilty of the "supreme international crime" including all the evils that follow, crimes that go vastly beyond anything attributed to bin Laden; or else we declare that the Nuremberg proceedings were a farce and that the allies were guilty of judicial murder.
EXERPTS: (Read the entire article)
...In societies that profess some respect for law, suspects are apprehended and brought to fair trial. I stress "suspects."
...There has never been any reason to doubt what the FBI believed in mid-2002, but that leaves us far from the proof of guilt required in civilized societies – and whatever the evidence might be, it does not warrant murdering a suspect who could, it seems, have been easily apprehended and brought to trial. Much the same is true of evidence provided since.
It might be instructive to ask ourselves how we would be reacting if Iraqi commandos landed at George W. Bush's compound, assassinated him, and dumped his body in the Atlantic (after proper burial rites, of course).
...We are left with two choices: either Bush and associates are guilty of the "supreme international crime" including all the evils that follow, crimes that go vastly beyond anything attributed to bin Laden; or else we declare that the Nuremberg proceedings were a farce and that the allies were guilty of judicial murder.
Sunday, May 22, 2011
U.S. Special Ops Building Satellites to Track Terrorists Everywhere
http://www.popularmechanics.com/technology/military/satellites/us-special-ops-building-satellites-to-track-terrorists-everywhere-5767401?src=soc_em
The raid on Osama bin Laden's compound this month highlighted special forces' focus on finding high-value targets. Their hunt extends into space, too. An official with U.S. Special Operations Command has confirmed that his organization is testing tiny satellites that could keep tabs on targets from above.
The raid on Osama bin Laden's compound this month highlighted special forces' focus on finding high-value targets. Their hunt extends into space, too. An official with U.S. Special Operations Command has confirmed that his organization is testing tiny satellites that could keep tabs on targets from above.
Friday, May 20, 2011
MIKE WHITNEY: Dominique Strauss-Kahn Was Trying to Torpedo the Dollar
http://www.marketoracle.co.uk/Article28225.html
It's all about perception management. The media is trying to dig up as much dirt as they can on Dominique Strauss-Kahn so they can hang the man before he ever sees the inside of a courthouse.
It's all about perception management. The media is trying to dig up as much dirt as they can on Dominique Strauss-Kahn so they can hang the man before he ever sees the inside of a courthouse.
2011 end times prediction
http://en.wikipedia.org/wiki/2011_end_times_prediction
GT sez:
MAKE SURE YOU WEAR CLEAN UNDERWEAR TOMORROW LIKE YOUR
MOTHER ALWAYS TOLD YOU.
GT sez:
MAKE SURE YOU WEAR CLEAN UNDERWEAR TOMORROW LIKE YOUR
MOTHER ALWAYS TOLD YOU.
USPS warns of default on retiree benefits
http://www.federalnewsradio.com/index.php?nid=110&sid=2387275
The U.S. Postal Service will begin to default on its financial obligations just over four months from now unless Congress takes action to relieve it of its obligation to pre-fund retiree health care accounts, its leader told lawmakers Tuesday.
GT sez:
AND JUST WHEN WILL CONGRESS DECIDE TO 'RELIEVE' THE U.S. TREASURY OF ITS 'OBLIGATION' TO PAY ITS INTEREST PAYMENTS ON U.S. DEBT OWED TO FOREIGNERS FOR THE TREASURY BONDS THEY HAVE PURCHASED TO ALLOW THE U..S TO FUND ITS OPERATION?
The U.S. Postal Service will begin to default on its financial obligations just over four months from now unless Congress takes action to relieve it of its obligation to pre-fund retiree health care accounts, its leader told lawmakers Tuesday.
GT sez:
AND JUST WHEN WILL CONGRESS DECIDE TO 'RELIEVE' THE U.S. TREASURY OF ITS 'OBLIGATION' TO PAY ITS INTEREST PAYMENTS ON U.S. DEBT OWED TO FOREIGNERS FOR THE TREASURY BONDS THEY HAVE PURCHASED TO ALLOW THE U..S TO FUND ITS OPERATION?
Thursday, May 19, 2011
DAN NORCINI IS HAVING A BIT OF A BATTLE OVER HIS COMMENTS ABOUT AN ARTICLE ON RON PAUL
HERE IS AN ARTICLE BY GARY NORTH ON THE MATTER:
Ron Paul: "Sell the Gold in Ft. Knox"
http://www.garynorth.com/public/8028.cfm
ALSO:
Two Kinds of Gold Standards
http://www.lewrockwell.com/north/north201.html
GT sez:
I WILL BE SUGGESTING TO DAN NORCINI THAT HE DISCONTINUE THE
ABILITY TO COMMENT ON HIS BLOG SO THAT HE WON'T HAVE TO SPEND
HIS VALUABLE TIME ARGUING WITH HIS FOLLOWERS OVER SUCH MATTERS.
DAN IS A BRILLIANT ANALYST AND UNDERSTANDS MONEY AND THE MARKETS
BETTER THAN ANYONE I HAVE EVER ENCOUNTERED.
I CONSIDER HIM A FRIEND AND SUPPORT HIS VIEWS ENTIRELY.
HOWEVER, I THINK HE IS WASTING HIS TIME AND CREATING UNNECESSARY
AGGRAVATION FOR HIMSELF BY RESPONDING INDIVIDUALLY TO HIS FOLLOWERS
WHO CERTAINLY DON'T HAVE HIS ABILITIES AND KNOWLEDGE.
HE SHOULD STICK TO POSTING HIS ANALYSIS OF THE MARKET AND POSTING
HIS VIEWS ON THOSE CURRENT EVENTS HE CHOOSES TO COMMENT ABOUT
AND LET THOSE VIEWS STAND.
THE GREATER VALUE DAN PROVIDES TO US ALL IS IN HIS THOROUGH UNDERSTANDING OF THE MARKETS AND HOW IT WILL AFFECT US ALL
AS THIS FINANCIAL CRISIS UNFOLDS.
Ron Paul: "Sell the Gold in Ft. Knox"
http://www.garynorth.com/public/8028.cfm
ALSO:
Two Kinds of Gold Standards
http://www.lewrockwell.com/north/north201.html
GT sez:
I WILL BE SUGGESTING TO DAN NORCINI THAT HE DISCONTINUE THE
ABILITY TO COMMENT ON HIS BLOG SO THAT HE WON'T HAVE TO SPEND
HIS VALUABLE TIME ARGUING WITH HIS FOLLOWERS OVER SUCH MATTERS.
DAN IS A BRILLIANT ANALYST AND UNDERSTANDS MONEY AND THE MARKETS
BETTER THAN ANYONE I HAVE EVER ENCOUNTERED.
I CONSIDER HIM A FRIEND AND SUPPORT HIS VIEWS ENTIRELY.
HOWEVER, I THINK HE IS WASTING HIS TIME AND CREATING UNNECESSARY
AGGRAVATION FOR HIMSELF BY RESPONDING INDIVIDUALLY TO HIS FOLLOWERS
WHO CERTAINLY DON'T HAVE HIS ABILITIES AND KNOWLEDGE.
HE SHOULD STICK TO POSTING HIS ANALYSIS OF THE MARKET AND POSTING
HIS VIEWS ON THOSE CURRENT EVENTS HE CHOOSES TO COMMENT ABOUT
AND LET THOSE VIEWS STAND.
THE GREATER VALUE DAN PROVIDES TO US ALL IS IN HIS THOROUGH UNDERSTANDING OF THE MARKETS AND HOW IT WILL AFFECT US ALL
AS THIS FINANCIAL CRISIS UNFOLDS.
Wednesday, May 18, 2011
MARTIN ARMSTRONG'S LATEST TWO ARTICLES
HISTORY IS A CATALOGUE OF SOLUTIONS
http://www.martinarmstrong.org/files/What%20Destroyed%20Rome%2005-18-2011.pdf
Was Raj Rajaratnam’s Conviction Bullish for Gold
and the End Times for Hedge Funds? http://armstrongeconomics.files.wordpress.com/2011/05/armstrongeconomics-raj-rajaratnam-conviction-051611.pdf
CREDIT TO WERNERUL FOR THE LINKS
http://www.martinarmstrong.org/files/What%20Destroyed%20Rome%2005-18-2011.pdf
Was Raj Rajaratnam’s Conviction Bullish for Gold
and the End Times for Hedge Funds? http://armstrongeconomics.files.wordpress.com/2011/05/armstrongeconomics-raj-rajaratnam-conviction-051611.pdf
CREDIT TO WERNERUL FOR THE LINKS
MATT TAIBBI: The People vs. Goldman Sachs
http://www.rollingstone.com/politics/news/the-people-vs-goldman-sachs-20110511
A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges
A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges
GT's COMMENT ON THE RON PAUL ARTICLE ABOUT SELLING U.S. GOLD
POSTED ON DAN NORCINI'S BLOG
http://traderdannorcini.blogspot.com/2011/05/ron-paul-proposes-that-us-sell-gold-to.html#comments
GOLDTRADER COMMENTS said...
Most people in the world, being ruled by governments, and especially Americans, have the infantile belief that 'somehow' their leaders will be able to pull them out of any mess without having to suffer any pain.
In our current financial mess (it's more a mess of integrity and personal responsibility at the root of it all. The financial part is merely a symptom of the lack of integrity and personal responsibility!) the hard fact is that the United States is BANKRUPT!
Sell the gold...keep the gold...it will matter little as our DEBT is greater than our ASSETS.
In the end, our standard of living is going down soon, and drastically so.
We may not even live through what's coming, nor even want to if we find it too difficult to feed and shelter ourselves if we have not prepared ourselves for a long siege of many years.
If we haven't joined up with others whom we can depend upon to cover our backs when the chips are down, there is little likelyhood that any of us will be able to survive alone.
None of us will survive what's coming without realizing that we NEED one another in the context of a nurturing society.
Man is a social animal and MUST be able to trust his fellow man and work in co-operation with him to survive.
May 18, 2011 8:17 AM
http://traderdannorcini.blogspot.com/2011/05/ron-paul-proposes-that-us-sell-gold-to.html#comments
GOLDTRADER COMMENTS said...
In our current financial mess (it's more a mess of integrity and personal responsibility at the root of it all. The financial part is merely a symptom of the lack of integrity and personal responsibility!) the hard fact is that the United States is BANKRUPT!
Sell the gold...keep the gold...it will matter little as our DEBT is greater than our ASSETS.
In the end, our standard of living is going down soon, and drastically so.
We may not even live through what's coming, nor even want to if we find it too difficult to feed and shelter ourselves if we have not prepared ourselves for a long siege of many years.
If we haven't joined up with others whom we can depend upon to cover our backs when the chips are down, there is little likelyhood that any of us will be able to survive alone.
None of us will survive what's coming without realizing that we NEED one another in the context of a nurturing society.
Man is a social animal and MUST be able to trust his fellow man and work in co-operation with him to survive.
Tuesday, May 17, 2011
Ron Paul Says Sell Gold to Pay Federal Debt? No Chance
http://globaleconomicanalysis.blogspot.com/2011/05/ron-paul-says-sell-gold-no-chance.html
ALWAYS TAKE WHATEVER INFO YOU RECEIVE WITH A GRAIN OF SALT BEFORE BELIEVING IT WHOLEHEARTEDLY.
THERE IS JUST TOO MUCH BAD REPORTING GOING ON NOWADAYS.
AND LOADS OF PROPAGANDA TO KEEP YOU CONFUSED.
THE TRUTH SHOULD NOT LEAVE YOU QUESTIONING IT.
ALWAYS TAKE WHATEVER INFO YOU RECEIVE WITH A GRAIN OF SALT BEFORE BELIEVING IT WHOLEHEARTEDLY.
THERE IS JUST TOO MUCH BAD REPORTING GOING ON NOWADAYS.
AND LOADS OF PROPAGANDA TO KEEP YOU CONFUSED.
THE TRUTH SHOULD NOT LEAVE YOU QUESTIONING IT.
Monday, May 16, 2011
GOOD INFO POSTED AS A COMMENT ON AN INFOCLEARINGHOUSE ARTICLE
FOUND IN THE COMMENTS UNDER THIS ARTICLE:
How a big US bank laundered billions from Mexico's murderous drug gangs
http://www.informationclearinghouse.info/article28072.htm
Posted by ohNOyate
So how many ICH readers have NOT yet started buying gold, silver, stocking up food, water and the ability to purify water along with purchasing a good self-defence firearm or two, stocking at least 1000 rounds for each and learning how to use them? Show of hands, how many?
What are you waiting for? Government isn't going to help you, government is here to screw you. You've been told repeatedly. I still donate some of my time and money to help the homeless and indigent. That program is coming to a close as we come out of prep mode and go into "active mode". Active mode means 100% of our resources and trade will be internalized, only shared with our networks (what you used to call Affinity Groups). There won't be any more sharing with the public. There won't be any more admissions unless you have something we really want: doctors will be desired as will engineers, experienced farmers and electronics specialists. Or if you have more resources than we do and are not willing but BEGGING to trade it for our protection.
I DON'T CARE IF YOU ARE BROKE. START NOW, IT'S NOT TOO LATE.
There's some very good how-to advice for the poor man at www.LongTermStorageFood.com. You won't be asked to register, it's not a teaser for "buy the full e-book for $X", it's just free info from people who care. Also, start reading SurvivalBlog.com, there's a treasure trove of info in that.
In response to a question about a good weapon, ohNOyate responded:
Glad to answer! Depends on your budget and environment. But before we get started, I'll do something we don't normally or never used to do: I'll use more precise terminology but I'll refer to firearms as "weapons". We never did growing up because all we did was hunt. In the defensive scenario, that's a weapon.
We really like to see people with one of each on the following categories:
1. Handgun (sidearm, pistol). They are small and portable, take them with you anywhere, excellent in close quarters. Everybody likes the Glocks these days and when you fire one you'll see why. We recommend something ABOVE 9mm because people are carrying big guns these days and you don't want to be out-gunned. So we're talking .40 or .45 Cal here. This is your primary weapon, your carry weapon. I carry a Smith & Wesson stainless steel model because it's cheap, can resist moisture and if I run out of ammo I can always throw it at the guy and knock him out (joke ;) Retired police guns, especially Glocks, can be had anywhere. See if you can get a "2nd Generation" model. It should be mentioned that the .357, popular in "wheelguns" or revolvers, are favored by some. The semi-autos give us way more rounds so I favor them.
2. Shotgun. Excellent for close quarters and imbalance of force: bird shot disperses when fired giving you the chance to wound more than one assailant at once. Favored for home defense for this reason. Tactical shotguns are pump-action (if not semi-auto these days) to allow us to carry and fire a lot of rounds quickly. Plus shotguns are great for hunting. Get a 12Ga. that can chamber long and short rounds so you can use buckshot, slugs, birdshot and even beanbags if you want a "less than lethal round". The other firearms we discuss have no less-than-lethal option. But a retired cop model like the Remmington Wingmaster or the S&W Model 3000.
3. Rifle. Primary use: hunting large game. Secondary use: if you are every so fortunate as to identify a true assailant at long range, break out the rifle. You can get a perfectly fine hunting rifle, a large-bore, high-velocity round firing rifle for about $80. It's called the Mosin Nagant 7.62. Learn to shoot it straight and you can drop game at 200 yards. The step up from there might be an SKS which is a semi-auto rifle for about $250. It has a 4-shot integrated clip but you can modify them for a 15 or 30 round clip legally in most states (check your state laws before modifying any firearm). The step up from there, and I don't even have one but I think about it from time to time. The AK-47. Currently about $450. Their reputation is well deserved. If you have any reason to suspect the Mongol Hordes to come riding up to pillage your village, you want at least one of these. If I lived in an urban center I'd ABSOLUTELY, POSITIVELY HAVE ONE. As it is, I practically live in Mayberry so I have no compelling need for that kind of force. But still, they are wicked fun to shoot.
Now the follow-up notes. There's such a massive difference between the rifles just mentioned. The Mosin is a hunting tool these days although they usually come with a bayonette you could spit and roast a pig on. The SKS is for the hunter who expects to miss on the first shot or for more serious defense. They also come with a mean-ass bayonette. The AK is pure defense or recreation. You don't hunt with these, they are a "spray and pray" weapon. The idea is to mass a LOT of firepower, to keep the assailant's head down while you advance upon him and mercilessly destroy them. The AK is thus a medium-range weapon whereas the Mosin is long range.
So environment. If I'm out at the ranch, it's all about rifles although the defense scenario is almost inconceivable at this point in time. It's about hunting, but should some day the Mongol Hordes come, well they won't get close, they'll never even see us, they won't hear the sound of the shot that kills them. bullets travel faster than sound. In town, I'm often sidearmed but again, I'm in Mayberry so I often just leave it home. In the city I'm ALWAYS sidearmed and if I lived there, I'd have an AK at home if not in the behind the seat of the truck.
When you buy a used firearm, make sure to find out what the cost is new. You might find that for and extra $50 you can get a brand new firearm.
I RECOMMEND BUYING FROM A LICENSED DEALER or someone you know dang well and get it "papered" so your firearm has "pedigree", in other words you can be sure the thing wasn't ever used in the commission of a crime.
AND PLEASE FOR THE LOVE OF GOD, GET COMPETENT INSTRUCTION FROM A QUALIFIED INSTRUCTOR AT A REAL FIRING RANGE (INDOORS OUR OUT) FIRST THING AFTER YOU BUY. REMEMBER YOU CAN TAKE BACK AN INSULT, YOU CAN FIX A MISTAKE BUT YOU CAN'T TAKE BACK A BULLET ONCE YOU PULL THE TRIGGER AND YOU MIGHT NOT BE ABLE TO FIX THAT MISTAKE.
It really is an awesome responsibility to be armed. For one thing it means you walk away from any fight you can. NO trading insults with loud-mouths when you are armed. Learn your state carry laws as well as their laws of firearms in use. In Arizona, there's a very clear protocol about what "brandishing" is and when it is and isn't appropriate. Our laws have recently changed from "no reasonable escape" to "castle doctrine". Our laws in Arizona also now recognize 5 phases of gun use for defense:
1. Concealed carry. Nobody knows you have it until you "indicate". And you don't want to indicate unless you have to.
2. In a technical sense, to go further, we're advised to make a STOP sign with your hand and announce "I believe you intend me violence, stop now, I do not want to fight you". You've just declared your body as being private property. If you have time to do this that is.
3. Indication is the third phase. We might make our sidearm visible (without touching it) as a deterrent.
4. Backstrapping or resting your hand on the backstrap. This is read as "I am armed, I have identified you as a threat and I'm prepared to use lethal force to defend myself".
5. Having exhausted alternatives, we draw, aim and are prepared to fire. By that time we probably are just firing away because anybody crazy enough to attack you when so warned, well, they want you dead for some reason or another.
This is Arizona law and I'd bet your state is more restrictive. Also note the previous law in Arizona, the "no reasonable escape" doctrine, that used to also be called "back up against the wall". You are drawn and ready to fire but you are retreating theoretically until your back is up against a wall and you have absolutely NO ESCAPE. This remains part of our training: escape. Escape before the trouble even starts. Cross the street if you see trouble coming, duck into a store, do anything you can reasonably do to de-escalate or seek escape or any non-violent resolution. Prosecutors aren't there to respect your rights, they are there to put you behind bars any way they can.
Other hot points include how you store your firearms at home, particularly if you have little ones around. Kids like to play with guns because they see them on television all the time and they know they are somehow glamorous or desirable objects. We keep a dual course of keeping firearms up high where toddlers can't reach them and our kids are brought to the range years before they actually shoot. They are imbibed with safety culture before they even step on the range. By the time they are old enough to find where we have the fireams hidden they know exactly what they are and what they can do, they've heard it from many voices for years.
As a first time firearm owner, you have to compress all of that acculturation, all of that deeply ingrained knowledge, all of that protocol in a few short weeks.
And do me a personal favor: don't tell anybody about your firearms but your new range buddies. Trust me, for every good reason, just don't tell your co-workers, deacons, the little lady at the corner flower shop, your drinking buddies, just be the same person you were before. Instruct the wife and kids similarly. Nobody needs to know what happens in your house, nobody needs to be asking.
I feel led to say I've been in a lot of places and in a lot of situations normal people pray they will never experience (if they are smart that is). I've never had to kill anybody and I truly never want to. I've been told by more than one man I respect that when you kill another human being some part of you changes forever. THAT IS SO NOT THE FOREVER I HAVE IN MIND FOR MYSELF. NOT EVEN A PART OF MYSELF.
How a big US bank laundered billions from Mexico's murderous drug gangs
http://www.informationclearinghouse.info/article28072.htm
Posted by ohNOyate
So how many ICH readers have NOT yet started buying gold, silver, stocking up food, water and the ability to purify water along with purchasing a good self-defence firearm or two, stocking at least 1000 rounds for each and learning how to use them? Show of hands, how many?
What are you waiting for? Government isn't going to help you, government is here to screw you. You've been told repeatedly. I still donate some of my time and money to help the homeless and indigent. That program is coming to a close as we come out of prep mode and go into "active mode". Active mode means 100% of our resources and trade will be internalized, only shared with our networks (what you used to call Affinity Groups). There won't be any more sharing with the public. There won't be any more admissions unless you have something we really want: doctors will be desired as will engineers, experienced farmers and electronics specialists. Or if you have more resources than we do and are not willing but BEGGING to trade it for our protection.
I DON'T CARE IF YOU ARE BROKE. START NOW, IT'S NOT TOO LATE.
There's some very good how-to advice for the poor man at www.LongTermStorageFood.com. You won't be asked to register, it's not a teaser for "buy the full e-book for $X", it's just free info from people who care. Also, start reading SurvivalBlog.com, there's a treasure trove of info in that.
In response to a question about a good weapon, ohNOyate responded:
Glad to answer! Depends on your budget and environment. But before we get started, I'll do something we don't normally or never used to do: I'll use more precise terminology but I'll refer to firearms as "weapons". We never did growing up because all we did was hunt. In the defensive scenario, that's a weapon.
We really like to see people with one of each on the following categories:
1. Handgun (sidearm, pistol). They are small and portable, take them with you anywhere, excellent in close quarters. Everybody likes the Glocks these days and when you fire one you'll see why. We recommend something ABOVE 9mm because people are carrying big guns these days and you don't want to be out-gunned. So we're talking .40 or .45 Cal here. This is your primary weapon, your carry weapon. I carry a Smith & Wesson stainless steel model because it's cheap, can resist moisture and if I run out of ammo I can always throw it at the guy and knock him out (joke ;) Retired police guns, especially Glocks, can be had anywhere. See if you can get a "2nd Generation" model. It should be mentioned that the .357, popular in "wheelguns" or revolvers, are favored by some. The semi-autos give us way more rounds so I favor them.
2. Shotgun. Excellent for close quarters and imbalance of force: bird shot disperses when fired giving you the chance to wound more than one assailant at once. Favored for home defense for this reason. Tactical shotguns are pump-action (if not semi-auto these days) to allow us to carry and fire a lot of rounds quickly. Plus shotguns are great for hunting. Get a 12Ga. that can chamber long and short rounds so you can use buckshot, slugs, birdshot and even beanbags if you want a "less than lethal round". The other firearms we discuss have no less-than-lethal option. But a retired cop model like the Remmington Wingmaster or the S&W Model 3000.
3. Rifle. Primary use: hunting large game. Secondary use: if you are every so fortunate as to identify a true assailant at long range, break out the rifle. You can get a perfectly fine hunting rifle, a large-bore, high-velocity round firing rifle for about $80. It's called the Mosin Nagant 7.62. Learn to shoot it straight and you can drop game at 200 yards. The step up from there might be an SKS which is a semi-auto rifle for about $250. It has a 4-shot integrated clip but you can modify them for a 15 or 30 round clip legally in most states (check your state laws before modifying any firearm). The step up from there, and I don't even have one but I think about it from time to time. The AK-47. Currently about $450. Their reputation is well deserved. If you have any reason to suspect the Mongol Hordes to come riding up to pillage your village, you want at least one of these. If I lived in an urban center I'd ABSOLUTELY, POSITIVELY HAVE ONE. As it is, I practically live in Mayberry so I have no compelling need for that kind of force. But still, they are wicked fun to shoot.
Now the follow-up notes. There's such a massive difference between the rifles just mentioned. The Mosin is a hunting tool these days although they usually come with a bayonette you could spit and roast a pig on. The SKS is for the hunter who expects to miss on the first shot or for more serious defense. They also come with a mean-ass bayonette. The AK is pure defense or recreation. You don't hunt with these, they are a "spray and pray" weapon. The idea is to mass a LOT of firepower, to keep the assailant's head down while you advance upon him and mercilessly destroy them. The AK is thus a medium-range weapon whereas the Mosin is long range.
So environment. If I'm out at the ranch, it's all about rifles although the defense scenario is almost inconceivable at this point in time. It's about hunting, but should some day the Mongol Hordes come, well they won't get close, they'll never even see us, they won't hear the sound of the shot that kills them. bullets travel faster than sound. In town, I'm often sidearmed but again, I'm in Mayberry so I often just leave it home. In the city I'm ALWAYS sidearmed and if I lived there, I'd have an AK at home if not in the behind the seat of the truck.
When you buy a used firearm, make sure to find out what the cost is new. You might find that for and extra $50 you can get a brand new firearm.
I RECOMMEND BUYING FROM A LICENSED DEALER or someone you know dang well and get it "papered" so your firearm has "pedigree", in other words you can be sure the thing wasn't ever used in the commission of a crime.
AND PLEASE FOR THE LOVE OF GOD, GET COMPETENT INSTRUCTION FROM A QUALIFIED INSTRUCTOR AT A REAL FIRING RANGE (INDOORS OUR OUT) FIRST THING AFTER YOU BUY. REMEMBER YOU CAN TAKE BACK AN INSULT, YOU CAN FIX A MISTAKE BUT YOU CAN'T TAKE BACK A BULLET ONCE YOU PULL THE TRIGGER AND YOU MIGHT NOT BE ABLE TO FIX THAT MISTAKE.
It really is an awesome responsibility to be armed. For one thing it means you walk away from any fight you can. NO trading insults with loud-mouths when you are armed. Learn your state carry laws as well as their laws of firearms in use. In Arizona, there's a very clear protocol about what "brandishing" is and when it is and isn't appropriate. Our laws have recently changed from "no reasonable escape" to "castle doctrine". Our laws in Arizona also now recognize 5 phases of gun use for defense:
1. Concealed carry. Nobody knows you have it until you "indicate". And you don't want to indicate unless you have to.
2. In a technical sense, to go further, we're advised to make a STOP sign with your hand and announce "I believe you intend me violence, stop now, I do not want to fight you". You've just declared your body as being private property. If you have time to do this that is.
3. Indication is the third phase. We might make our sidearm visible (without touching it) as a deterrent.
4. Backstrapping or resting your hand on the backstrap. This is read as "I am armed, I have identified you as a threat and I'm prepared to use lethal force to defend myself".
5. Having exhausted alternatives, we draw, aim and are prepared to fire. By that time we probably are just firing away because anybody crazy enough to attack you when so warned, well, they want you dead for some reason or another.
This is Arizona law and I'd bet your state is more restrictive. Also note the previous law in Arizona, the "no reasonable escape" doctrine, that used to also be called "back up against the wall". You are drawn and ready to fire but you are retreating theoretically until your back is up against a wall and you have absolutely NO ESCAPE. This remains part of our training: escape. Escape before the trouble even starts. Cross the street if you see trouble coming, duck into a store, do anything you can reasonably do to de-escalate or seek escape or any non-violent resolution. Prosecutors aren't there to respect your rights, they are there to put you behind bars any way they can.
Other hot points include how you store your firearms at home, particularly if you have little ones around. Kids like to play with guns because they see them on television all the time and they know they are somehow glamorous or desirable objects. We keep a dual course of keeping firearms up high where toddlers can't reach them and our kids are brought to the range years before they actually shoot. They are imbibed with safety culture before they even step on the range. By the time they are old enough to find where we have the fireams hidden they know exactly what they are and what they can do, they've heard it from many voices for years.
As a first time firearm owner, you have to compress all of that acculturation, all of that deeply ingrained knowledge, all of that protocol in a few short weeks.
And do me a personal favor: don't tell anybody about your firearms but your new range buddies. Trust me, for every good reason, just don't tell your co-workers, deacons, the little lady at the corner flower shop, your drinking buddies, just be the same person you were before. Instruct the wife and kids similarly. Nobody needs to know what happens in your house, nobody needs to be asking.
I feel led to say I've been in a lot of places and in a lot of situations normal people pray they will never experience (if they are smart that is). I've never had to kill anybody and I truly never want to. I've been told by more than one man I respect that when you kill another human being some part of you changes forever. THAT IS SO NOT THE FOREVER I HAVE IN MIND FOR MYSELF. NOT EVEN A PART OF MYSELF.
Sunday, May 15, 2011
"We're a nation of laws!" What If Right Made Might By Ted Rall
http://www.informationclearinghouse.info/article28073.htm
Obama murdered Osama bin Laden. I am surprised that the left has been so supportive--not of the end result, but of the way it was carried out.
Obama murdered Osama bin Laden. I am surprised that the left has been so supportive--not of the end result, but of the way it was carried out.
Friday, May 13, 2011
Google revives Blogger after outage
http://news.cnet.com/8301-27080_3-20062657-245.html
GT sez:
They 'say' they will restore our old posts and comments soon.
GT sez:
They 'say' they will restore our old posts and comments soon.
Wednesday, May 11, 2011
Paul Craig Roberts Americans Are Living In 1984
http://www.informationclearinghouse.info/article28062.htm
The White House’s “death of bin Laden” story has come apart at the seams. Will it make any difference that before 48 hours had passed the story had changed so much that it no longer bore any resemblance to President Obama’s Sunday evening broadcast and has lost all credibility?
The White House’s “death of bin Laden” story has come apart at the seams. Will it make any difference that before 48 hours had passed the story had changed so much that it no longer bore any resemblance to President Obama’s Sunday evening broadcast and has lost all credibility?
Tuesday, May 10, 2011
Paul B. Farrell Bill Gross: The leader Treasury, Fed needs
http://www.marketwatch.com/story/bill-gross-the-leader-treasury-fed-needs-2011-05-10?link=home_carouse
Who can change our course before incompetence, greed and ideology crashes the U.S.S. Titanic again?
Who can change our course before incompetence, greed and ideology crashes the U.S.S. Titanic again?
Monday, May 9, 2011
U.S Default Countdown; Is this the end of the road for the Empire? By Mike Whitney
http://www.informationclearinghouse.info/article28060.htm
Sometime in mid-May, the United States will hit the debt ceiling ($14.3 trillion) which is the legal limit that the country can borrow without congressional approval. If the ceiling isn't raised, the US will default on its debt and the government will begin to shut down.
Sometime in mid-May, the United States will hit the debt ceiling ($14.3 trillion) which is the legal limit that the country can borrow without congressional approval. If the ceiling isn't raised, the US will default on its debt and the government will begin to shut down.
Sunday, May 8, 2011
Saturday, May 7, 2011
BILL BONNER: COMPOUND INTEREST OVER TIME
THERE IS MUCH WISDOM IN THIS ARTICLE
http://dailyreckoning.com/compound-effort-over-time/
BILL BONNER IS ONE OF THE BEST WRITERS OF ALL TIME.
HIS ARTICLES ARE INTELLIGENT, FUNNY, AND ABOVE ALL...WISE.
READING THEDAILYRECKONING EVERY DAY WILL KEEP YOU CURRENT
ON WHAT'S HAPPENING IN THE WORLD IN A VERY ENJOYABLE WAY.
http://dailyreckoning.com/compound-effort-over-time/
BILL BONNER IS ONE OF THE BEST WRITERS OF ALL TIME.
HIS ARTICLES ARE INTELLIGENT, FUNNY, AND ABOVE ALL...WISE.
READING THEDAILYRECKONING EVERY DAY WILL KEEP YOU CURRENT
ON WHAT'S HAPPENING IN THE WORLD IN A VERY ENJOYABLE WAY.
Thursday, May 5, 2011
GOP CHOOSES BIG OIL OVER GRANNY
LINK TO THE MAIN ARTICLE:
http://www.truth-out.org/gop-house-chooses-big-oil-over-granny/1304518949
SCROLL BELOW THE ARTICLE TO SEE THE COMMENT BY
NATALIE MANNERING
LISTED IN HER COMMENT ARE THE LINKS TO THE 7 PART
YOUTUBE VIDEO BY DR. STEVE R. PIECZENIK THAT ARE POSTED
BY 'ANONYMOUS' ON THIS WEEK'S TALKBACKTOGOLDTRADER BLOG
(URL listed in the right column of this blog).
YOU SHOULD BE ABLE TO ACCESS THE VIDEOS FROM THOSE LINKS.
Please read the entire comment by Natalie Mannering as well as viewing the videos
SHE LISTS IMPORTANT INFO ON THE BIN LADEN 'ASSASSINATION'
http://www.truth-out.org/gop-house-chooses-big-oil-over-granny/1304518949
SCROLL BELOW THE ARTICLE TO SEE THE COMMENT BY
NATALIE MANNERING
LISTED IN HER COMMENT ARE THE LINKS TO THE 7 PART
YOUTUBE VIDEO BY DR. STEVE R. PIECZENIK THAT ARE POSTED
BY 'ANONYMOUS' ON THIS WEEK'S TALKBACKTOGOLDTRADER BLOG
(URL listed in the right column of this blog).
YOU SHOULD BE ABLE TO ACCESS THE VIDEOS FROM THOSE LINKS.
Please read the entire comment by Natalie Mannering as well as viewing the videos
SHE LISTS IMPORTANT INFO ON THE BIN LADEN 'ASSASSINATION'
Wednesday, May 4, 2011
Paul Craig Roberts: Osama bin Laden’s Useful Death
http://www.informationclearinghouse.info/article28016.htm
Americans are too busy celebrating to think, a capability that seems to have been taken out of their education.
Americans are too busy celebrating to think, a capability that seems to have been taken out of their education.
Tuesday, May 3, 2011
Paul B. Farrell: Super Rich love to bet on commodity inflation
12 reasons rich get richer, poor get poorer
http://www.marketwatch.com/story/super-rich-love-to-bet-on-commodity-inflation-2011-05-03?link=home_carousel
http://www.marketwatch.com/story/super-rich-love-to-bet-on-commodity-inflation-2011-05-03?link=home_carousel
Monday, May 2, 2011
Osama bin Laden’s Second Death By Paul Craig Roberts
http://www.informationclearinghouse.info/article28009.htm
If today were April 1 and not May 2, we could dismiss as an April fool’s joke this morning’s headline that Osama bin Laden was killed in a firefight in Pakistan and quickly buried at sea. As it is, we must take it as more evidence that the US government has unlimited belief in the gullibility of Americans.
If today were April 1 and not May 2, we could dismiss as an April fool’s joke this morning’s headline that Osama bin Laden was killed in a firefight in Pakistan and quickly buried at sea. As it is, we must take it as more evidence that the US government has unlimited belief in the gullibility of Americans.
DON'T BELIEVE WHAT THE MASS MEDIA TELLS YOU
Announcement of Osama Bin Laden's Death Is A Staged Psychological Warfare Operation
http://www.roguegovernment.com/Announcement_of_Osama_Bin_Laden%27s_Death_Is_A_Staged_Psychological_Warfare_Operation/25594/0/13/13/Y/M.html
WELL WRITTEN ARTICLE ON WHY THIS IS JUST MORE GUV'MINT BULLSHIT PROPAGANDA
YOU SHOULD BE SKEPTICAL...ESPECIALLY THAT THEY 'THREW HIS BODY IN THE OCEAN'!
http://www.roguegovernment.com/Announcement_of_Osama_Bin_Laden%27s_Death_Is_A_Staged_Psychological_Warfare_Operation/25594/0/13/13/Y/M.html
WELL WRITTEN ARTICLE ON WHY THIS IS JUST MORE GUV'MINT BULLSHIT PROPAGANDA
YOU SHOULD BE SKEPTICAL...ESPECIALLY THAT THEY 'THREW HIS BODY IN THE OCEAN'!
Two Minutes Hate
http://en.wikipedia.org/wiki/Two_Minutes_Hate
In George Orwell's novel Nineteen Eighty-Four, the Two Minutes' Hate is a daily period in which Party members of the society of Oceania must watch a film depicting The Party's enemies (notably Emmanuel Goldstein and his followers) and express their hatred for them and the principles of democracy.
GT sez:
Watching all the venom being spewed by the media and those in the public who feel it necessary to voice their hatred at the 'news' of the death of Osama bin Laden makes me wonder what the headlines would be if Jesus returned.
The brainwashing of the American Public appears to be the only thing our guv'mint has done successfully.
The youngsters shouting "USA" in front of the White House could have been at any athletic event. And they will be our future adults and possible leaders.
Bin Laden actually succeeded in sucking the American Guv'mint into bankrupting the country...so he won. Our 'leaders' just don't seem to know it yet.
All that is left to do now is make the rest of us pay the price in a drastically lowered standard of living that will result in the premature death of many.
How convenient it is to 'bury at sea' the result of one of our military's highly trained assassination squads. So far this could be a total fairy tale produced by our also highly trained propagandists who are the voice of our latest plutocracy.
Hermann Goering is probably laughing in his grave.
http://en.wikipedia.org/wiki/Hermann_G%C3%B6ring
"Göring spoke about war and extreme nationalism to Captain Gilbert, as recorded in Gilbert's Nuremberg Diary:
In George Orwell's novel Nineteen Eighty-Four, the Two Minutes' Hate is a daily period in which Party members of the society of Oceania must watch a film depicting The Party's enemies (notably Emmanuel Goldstein and his followers) and express their hatred for them and the principles of democracy.
GT sez:
Watching all the venom being spewed by the media and those in the public who feel it necessary to voice their hatred at the 'news' of the death of Osama bin Laden makes me wonder what the headlines would be if Jesus returned.
The brainwashing of the American Public appears to be the only thing our guv'mint has done successfully.
The youngsters shouting "USA" in front of the White House could have been at any athletic event. And they will be our future adults and possible leaders.
Bin Laden actually succeeded in sucking the American Guv'mint into bankrupting the country...so he won. Our 'leaders' just don't seem to know it yet.
All that is left to do now is make the rest of us pay the price in a drastically lowered standard of living that will result in the premature death of many.
How convenient it is to 'bury at sea' the result of one of our military's highly trained assassination squads. So far this could be a total fairy tale produced by our also highly trained propagandists who are the voice of our latest plutocracy.
Hermann Goering is probably laughing in his grave.
http://en.wikipedia.org/wiki/Hermann_G%C3%B6ring
"Göring spoke about war and extreme nationalism to Captain Gilbert, as recorded in Gilbert's Nuremberg Diary:
Naturally, the common people don't want war; neither in Russia nor in England nor in America, nor for that matter in Germany. That is understood. But, after all, it is the leaders of the country who determine the policy and it is always a simple matter to drag the people along, whether it is a democracy or a fascist dictatorship or a Parliament or a Communist dictatorship. ...voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is to tell them they are being attacked, and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country.[45 "
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