UN Office for Disarmament Affairs – Including Americans
The United Nations Office for Disarmament Affairs has released on August 5th with the turn in the ECM an amazing agenda where they will assist member nations to confiscate weapons from civilians. Who is behind this would be very interesting to find out. Effectively, there seems to be an agenda to disarm the people that can only be to cut off revolution. They will certainly not be disarming criminals. This will apply to registered guns.
Given Obama has been buying up all ammunition and tried to ban guns under the pretense of making the streets safer when it is the criminals with the guns that this would have no impact upon, this constant effort to eliminate guns from the public seems to be a very high agenda. We can only ask why? Clearly, agreeing to UN sanctions sidesteps Congress and the American People. Using UN foreign troops on American soil is another very strange agenda.
Gold Outlook
The diehard bulls are already proclaiming the low is in place so buy – buy – buy. Gold should press higher into next week, but the Weekly Bullish Reversal stands at 1423 and the year-end resistance will be 1435. The big turning point is still next January. So we are about $100 below major resistance. This diehard bullishness swearing every time this is it, is perhaps what has to break before we get the real bull market. Gold never got through the 1980 high adjusted for inflation $2300. It has been the worst performing asset with equity and, real estate advancing far more. The Dow stood at 1,000 in 1980 when gold was $875. The Dow has come close to 16,000 and gold could not break $2,000. It is all about time. You cannot have gold blasting up and everything else is not in line. But again, these people only look at gold and ignore the rest of the markets.
The time will be right. But patience is necessary. The problem with the Goldbugs is they are just always bullish and by constantly talking the same game no matter what, real unbiased investors get turned-off. This damages the credibility of the metals and makes a lot of people look at them as a joke rather than an asset class. It would be if a stock broker constantly said buy – buy – buy, even when the Dow declines.
Bail-In Crisis
These politicians are lawyers – not economists. Lawyers are trained NOT so much in how to comply with the law, but how to avoid it. When Bill Clinton was under deposition he asked what was the definition of “is”. People laughed at that. But this is how a legal background works. It is word-smithing. You are not concerned with complying, but how do I not violate the law to escape on technicalities.
LEGALLY, when you deposit money in a bank, it is no longer yours. It is the bank’s under the law. You become a UNSECURED creditor. Say you lent me $100. I give you a piece of paper that says I have the $100 you gave me. It might even say I agree to pay you by a particular date and with interest. But unless I give you collateral, like you lent me money on my home and you hold the mortgage or have a lien, this is purely UNSECURED.
In bankruptcy, the SECURED creditors come first with UNSECURED being last. Therefore, the politicians being lawyers see no problem in a BAIL-IN because they are justifying this in their mind as you are an UNSECURED creditor legally and that means you get the crumbs that are left.
The politicians have abandoned all the benefits of the social-contract. The purpose of the regulators was to protect depositor money. They have legally justified they no longer need to do that under the law. However, that leads to the next conclusion, then do away with all the regulators since we are paying them for nothing, they sanctify the bankers anyway and they then give them not justget-out-of-jail-free cards, they do not ever prosecute them either – theUNTOUCHABLES.
This BAIL-IN first began in New York with the M.F. Global collapse and Judge Martin Glenn ignored the law and attributed the losses to the depositors rather than the bankers. CFTC regulations said you could not take client’s money to satisfy the losses of the firm. He got away with that and so Cyprus was the next test. There have been no revolutions yet so they will keep going with this scheme until they destroy everything.
These people think they are acting legally since they see no “legal” obligation to provide society with any benefit for their taxes. The Supreme Court has stated so much in Harris v McRae, 448 US 297 (1980). A citizen cannot sue the government to force them to provide any service whatsoever for their tax dollars. The question presented was simple: Did the Due Process Clause create an affirmative funding obligation upon government. The answer was NO!Therefore, they can tax you to death, but there is no legal obligation to provide anything in return so they do not have to “bail-out” the banks again and they can legally take your money when their regulators are in the pockets of the bankers anyway. So you still lose. The Supreme Court said.
“To translate the limitation on governmental power implicit in the Due Process Clause into an affirmative funding obligation would require Congress to subsidize the medically necessary abortion of an indigent woman even if Congress had not enacted a Medicaid program to subsidize other medically necessary services. Nothing in the Due Process Clause supports such an extraordinary result.” Pp. 317-318.
If these people were economists rather than lawyers, they would see that you may be within your legal justification, but what you are doing is taxing people for overseeing and regulating society, but you then make society pay again. They cannot see if you get all the taxes and the risk, you have to be brain-dead to leave your money in a bank when there is no security and they let the bankers repeal Glass-Steagall so they can legally trade with your money anyway. They keep all profits and you get the losses. This is a great deal but I doubt it is for you.
In the end, you have to look for a custodian bank, not a commercial bank. You are better off buying stock but you take delivery of the share certificates and do not leave them with the broker. But that will cut you off from leverage – margin trading. So you have to pick between the two and decide how much to risk on leverage for if the firm goes bust you are in the M.F. Global situation. In the US, there will be no banking crisis until after 2015.75. But I would not wait for the last day.
In that atmosphere, we may then see the metals rise sharply after 2015.75. But keep in mind governments are trying to shut down gold investing as much as possible. India just imposed a 10% tax on gold. Be careful. We may see more of the same. We no longer live in a true free society of the people for the people. It is becoming them against us.
The Land of Smiles or Stupidity?
This is a good read. An observation of inbred social stupidity because of the political ramifications that have interfered with the true lesson of history. What is written here can be said of many cultures as well.
When I would interview graduates for a job, I would go down the list of economists and ask about each theory to see their thinking process. When I would come to Karl Marx, to my shock, so many replied he was not an economist. He was in social studies, but not economics. Those that knew Marx as an economist, came from selected schools and they were not the famous Ivy League. I began to be able to guess what university they went to based upon their comments and then look to see if I was right. There is prejudice in all schools. It is a shame that some places are so intimidated by an idea they do not support, that they ignore it altogether.
Technology Advancement
One of the more interesting ideas to advance travel would be to erect tubes within which a capsule would travel at about 700 mph. This is like you put documents in a tube at a drive up window at a bank or they use tubes to transport documents in buildings. If you could enter of module inside a tube, vacuum becomes the energy cutting even air travel in half between major cities.
High definition 3D holographic video projection systems allow a spectacular life-size 3-dimensional moving holographic illusion to appear within a live, staged setting. This is allowing international meetings that are truly amazing and can eliminate travel.
There is a future if we can just reform the monetary system and eliminate professional politicians while restricting bureaucratic growth that always eliminates human rights.
The Cost Education & Day Care
The cost without room and board for Harvard University is $38,891 for the 2013-2014 school year. For Princeton University, it is $40,170. Some pre-schools in Manhattan are not far behind, where the elite day care now costs families more than $35,000 annually. The average Day Care is $13,000. From a standard of living perspective, families are forced into two incomes just to survive and the stats show that 50% of the second income goes to day care. Then look at the taxes and they still want more. Is it any wonder why the standard of living under socialism has been in a steady erosion process with politicians deciding what you need denying you the right to make your own decisions. Then they borrow from the average person by payroll taxes and send you a refund to make them look like it is some bonus when in fact they are borrowing from the poorest in society and do not even pay them interest..