Posts Tagged ‘gold’

The Story Of The Wise Men And The First ‘Official’ Christmas

December 25, 2012

Who were the wise men?  If you read the Bible, you see them described in the Book of Daniel.  They were also known as the magi, or the Chaldeans. The Chaldeans were priests of Babylon’s chief religion which was based on astrology.  In the Book of Daniel, unfolds, the king of Babylon, Nebuchadnezzar, had a dream that terrified him not only because of its disturbing nature, but also because he could not understand it.  Not trusting the Chaldeans to accurately tell him what the dream meant, he insisted that they first tell him what his dream had been – and THEN interpret its meaning.  And when the Chaldeans couldn’t perform this task, Nebuchadnezzar was outraged. He threatened to have both the Chaldeans and their families executed unless they could describe his dream to him.  It was all up to Daniel, the Jewish prophet who had been captured when Babylon had defeated Israel in battle and hauled off to Babylon years before.  Miraculously, Daniel was able to tell Nebuchadnezzar what his prophetic dream was and then explain its meaning. Daniel saved the Chaldeans from being destroyed by Nebuchadnezzar’s anger.  And they never forgot how Daniel’s Hebrew God had delivered them from otherwise certain death.

One of the things that Daniel told them about was the Prophecy of the Seventy Sevens (see Daniel chapter 9) which precisely prophesied when Messiah would be killed to atone for mankind’s sins.  But according to Babylonian legend, he also described to them a star that would appear in the night sky to herald the birth of the coming Messiah of Israel as well.

Daniel lived some six centuries before Jesus was born, but this prophetic sign was embedded into the Chaldeans’ religious beliefs and culture from the time that their deliverer Daniel first told them. So when the Chaldeans saw this prophetic sign in the heavens at the time of Jesus’ birth, they began a journey to the land that the star led them to: to Israel.  The star literally led them to the very house where Jesus lived (Matthew 2:9).

In Mathew 2:2, the wise men arrived in Jerusalem after what would have been a dangerous journey of about 800 miles one-way from Babylon and started asking “where is the newborn King of the Jews? We have seen his star as it arose, and we have come to worship him.” At that time King Herod was the king of the Jews, and of course the news of the birth of a King made him troubled along with all of Jerusalem. (Mathew 2:3) So he called the wise men into his chamber for a conference. He instructed the wise men to return to him when they found this new born king. Herod told the Chaldeans that he wanted to go and worship Jesus as well, but that was not King Herod’s true intentions. Eventually the magi reached Jesus and worshiped him.  Many people believe there were three wise men, but that is only because they brought three gifts with them: gold, frankincense, and myrrh. (Mathew 2:11). They took a new route back to their home country (another 800 miles) because God warned them not to return to King Herod on their way back. (Mathew 2:12).

In actuality, the first “official” Christmas actually took place when Jesus was about two years old.  That’s how long it took the Chaldeans to prepare for their long journey, make that journey, and then find Jesus’ home (Matthew 2:7 cf. Matthew 2:16).

King Herod was demonic with anger at the thought of being replaced as king. He asked his leading priests where the messiah was to be born and they told him from the Book of Micah, “In Bethlehem.”  He then ordered all children ages two and under in Bethlehem to be murdered and thus kill this coming king as a helpless child. But God had already came to Joseph in a dream and commanded him to take the child and flee from Bethlehem and seek refuge in Egypt. (Mathew 2:13-14).  But how were Joseph and Mary to flee?  They were extremely poor and would have had no resources to make such a long journey and support themselves when they arrived in Egypt. They never would have been able to afford a trip like this on their own. But don’t forget what the wise men gave Jesus. They gave him gold, frankincense and myrrh. Gold can obviously be used as currency, but the frankincense and myrrh were extremely rare and very expensive. In other words, the wise men gave Jesus and his family a small fortune which made an exodus to Egypt possible. This also fulfilled a prophetic word “I called my Son out of Egypt” (Mathew 2:15).

Christmas is about God’s gift in the form of His Son sent to earth to reconcile sinful man and holy God. It is also a story of divine provision; God takes care of His own and provides for their needs.

Hal Lindsey has a great presentation about this:

As We Stare Into The Abyss Of A Great Depression, Let Me Ask You: WHO WAS RIGHT?

August 9, 2011

This is actually the concluding paragraphs of an article I wrote yesterday, but I thought the question merited its own title:

Let me ask you something. I’ve said repeatedly that Barack Obama – the president of God damn America and the symbol of God’s wrath on this nation until this disgrace leaves office IN disgrace – would lead us into a Great Depression with his reckless and depraved spending. Meanwhile, Obama, the Democrat Party and the left said that Obama would lead us unto a glorious recovery.

I’ve been pointing out since December 2008 right after Obama was elected that we would be staring into the abyss of a Great Depression due to this evil man’s failed policies. I pointed out in that article that the Great Depression began with a market tank, followed by a series of failed liberal-progressive policies that were like sugar for a diabetic; at first things seemed to get better, and then we had the real crash. You look at what I wrote in that article and tell me that we aren’t right on schedule.

We have the worst economy since the LAST time a failed socialist ran it into the ground in the 1930s. Surprise, surprise.

Let me point out that as early as October of 2008 I was pointing out the FACTS that CEOs “went as far as to say that “some of his programs would bankrupt the country within three years, if implemented.” Let me point out that I pointed out that same fact again in February 2009 after Obama’s foolish and wicked policies started taking shape.

Who was right? And who has been totally full of CRAP from the getgo?

Conservatives have been right again and again and again and Democrats have continued to demonize us even as their own failed policies have kept failing just like we said they would.

Why didn’t Obama’s stimulus plan work?  Because the government sucking money out of the productive marketplace and squandering it has NEVER worked.  And so surprise surprise, a little over a year after Obama’s destined-to-fail Keynesian spending binge was implemented, economists acknowledged that it had failedJUST LIKE WE CONSERVATIVES SAID IT WOULD TO ANYONE WHO WOULD LISTEN TO REASON.  And about that same time investors were starting to scream that Obama was pathologically anti-business.  But liberals said “We don’t need no stinkin’ business.” 

History repeats itself when fools don’t pay attention to it.  And America in 2008 was a nation of fools.  We elected a man who represented the policies that created and sustained the Great Depression.

And as I’ve been warning over and over, we’re going to pay dearly for it.

Don’t get me wrong here. We’re going to have a sucker’s rally at some point. BECAUSE THERE ARE A LOT OF STUPID PEOPLE.

Democrats ran both the House and Senate since the November 2006 elections when unemployment was 4.6% as Nancy Pelosi and Harry Reid and the Democrats took over Congress.  Most Americans have no idea whatsoever that the LAST budget that Republicans passed (and I note that it has been 833 DAYS since Democrats have bothered to pass a budget) had a deficit of only $161 billion dollars.  Democrats have since utterly skyrocketed our reckless deficit spending into the trillions of dollars.  And all the while they have done nothing but blame and demonize Republicans.

I made a point in an article I wrote recently:

Now, let’s just say for the sake of argument that you were watching the Democratic National Convention in August of 2008 and came to the belief that the mainstream media coverage was so blatantly biased and dishonest that Barack Obama was going to win the election. And you had a vision of the sheer smackdown that would happen in this “God damn America.”

So you made an appointment with your portfolio manager and told her you wanted to cash out all of your stock holdings so you could put your investment nest egg into silver and gold.

What do you expect your portfolio manager would say? Do the words, “This is a big mistake. Trust me, the stock market is not going to collapse. The average gains of the stock market invariably outperform gold indices. Blah blah blah.” The bottom line is that if you pull your money out of the fund she manages, she’s not going to get any more of your money.

Well, the fool who did that would have bought all kinds of silver at about $13 an ounce and gold at about $825 an ounce. And that fool would have more than doubled his money while everybody else lost their shirt, then got part of their shirt back if they played the game right, then lost their shirt again.

I describe that individual who bought silver and gold because he truly believed Obama would be a total disaster who would create a second Great Depression and put America into food riot conditions (and see I was saying that after the Obama victory in November 2008).

And so “the fool” bailed out of the economy of the most evil man who has ever led this country and bought the only thing that made any sense to buy if he was right.

And who was right?

“The fool” who bet against Obama bought gold at $825 an ounce and that same gold is worth over $1,700 an ounce as of COB Monday.  That fool bought silver at about $13 an ounce and that same silver is worth nearly $40 an ounce Monday.  Then that fool went to bed and woke up this morning and saw that gold was saying good morning to him at $1,770 an ounce.  And silver was down slightly from the previous day so he’d only tripled his money from the day he bought the stuff by the pound.

Who was right?  The fool who bet Obama was a fool or the downgraded president who has now been factually proven wrong a ten thousand times times ten thousand times???

[Update, 8/9/11]: The above was written on August 8 and pulished early this morning; what follows is written in the hindsight of the market rebound today.

Well, I knew we’d get a sucker’s rally, and we sure got a sucker’s rally today.  After plunging to its sixth worse loss ever, the Dow rallied to its eleventh greatest gain ever.  I didn’t think we would see such a rally so quickly and I certainly didn’t think the Fed would throw this kind of a hail Mary pass by announcing that already rock-bottom interest rates would remain the same for two years.

Obama and his teleprompter showed up yesterday and neither one of them had any plan or any clue as to what to do. Fortunately, I suppose, Ben Bernanke DID have a plan. It’s not QE3, but it’s kind of like a QE3; basically, by enabling the banks to borrow money at near zero percent interest, banks (which were absolutely CLOBBERED in yesterday’s bloodbath) can make a ton of money by loaning that same money at a higher interest rate.

This was virtually the only trick the Fed had left.

The risk of this dramatic and basically UNHEARD of two-year freeze on rock-bottom interest rates is summed up in a very short paragraph expressing the concerns of the three Federal Reserve heads who voted against Bernanke’s aggressive move:

“Fisher and Plosser have warned repeatedly that the Fed risks stoking inflation or another asset bubble by keeping money too easy for too long.”

This seems to be the right point to state that we haven’t had dissent at the Fed since November 1992.

So why do the three Fed heads disagree with this policy?  Basically,  they understand that the artificially low interest rates created by the Federal Reserve are a rigged game.  The co-owned Federal Reserve, banks, and Wall Street firms benefit from the policy, while people who are trying to save money lose out because the artificial interest rates simply do not honestly reflect the weakening dollar and the rising prices we are clearly seeing all around us.  It amounts to a tax on savers and a subsidy for spenders.  Here’s an article on that gimmick by a writer pleading with Bernanke to allow interest rates to reach their market equilibrium well before his ploy today.

And artificially low interest rates also clearly increases the risk of an asset bubble (e.g., that’s what blew up our economy in 2008 with said “asset” being real estate) because it incentivizes people to increase their debt load far beyond what they can afford.

Ultimately, what Ben Bernanke did was kick the can down the road.  Because in two years (hint: AFTER Obama is up for re:election) we’re going to HAVE to see a spike in interest rates that will absolutely slaughter both the bond markets AND the stock markets.  We always selfishly think that whatever crisis we have now justifies setting up an even worse crisis later, just as we always foolishly believe that in a couple of years we will have developed the will to embrace tough choices that we clearly don’t have the will to face now.

A year ago now I pointed out that:

An increase in the money supply is rather like an overdose of drugs. And in this case the effect of the overdose will be hyperinflation. Basically, the moment we have any kind of genuine recovery, our staggering deficit is going to begin to create an ultimately gigantic inflation rate. Why? Because we have massively artificially increased our money supply beyond our ability to actually produce real wealth, and that means that money will ultimately be devalued. There’s simply no way it can’t be. If simply printing money solved financial problems, the government could just mail everyone several million dollars, and we could all retire. The problem is that more money chasing a limited supply of goods simply pushes up prices higher and higher without doing anything to solve the underlying economic problems. If we have a recovery, with increased economic activity, there will be increased demand on the money supply, forcing an upward climb in interest rates as a means of controlling the currency. And then we’ll begin to seriously pay for Obama’s and the Democrat Party’s sins. Paradoxically, the only thing preventing hyperinflation now is the recession, because people aren’t buying anything and therefore aren’t competing for those limited goods.

What I am essentially saying is that the government’s constant monkeying around has created a dilemma: as long as we remain in recession conditions, things will continue to suck as we slowly grind along.  But if we actually start to experience a real recovery, we’re going to very quickly get a crippling punch in the gut as the interest rates we’ve been holding down for FAR TOO LONG begin to rise in an out-of-control manner.  I’m not talking about “politics” or “economics” when I say this: it is simply the grim reality of physical math on a balance sheet.

The Bernanke move will ultimately hurt us badly.  Just not today.

Meanwhile, nothing else has changed.  The horrible fundamentals of our economy and the greater world economy are still just as horrible today as they were yesterday.  Europe’s sovereign debt crisis is still spiralling out of control. with France and England joining Italy and Spain as being both broke and “too big too bail”; and nothing whatsoever about our ravaged and dysfunctional economy has changed in any way, shape or form from the moment that the market began to take off after the Fed announcement.

In explaining its move today, the Fed wrote:

Information received since the Federal Open Market Committee met in June indicates that economic growth so far this year has been considerably slower than the Committee had expected. Indicators suggest a deterioration in overall labor market conditions in recent months, and the unemployment rate has moved up. Household spending has flattened out, investment in nonresidential structures is still weak, and the housing sector remains depressed. [...]

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee now expects a somewhat slower pace of recovery over coming quarters than it did at the time of the previous meeting and anticipates that the unemployment rate will decline only gradually toward levels that the Committee judges to be consistent with its dual mandate. Moreover, downside risks to the economic outlook have increased. [...]

Which is to say that 1) Growth has been “considerably slower” than expected; 2) Labor market conditions have deteriorated substantially; and 3) Household spending has “flattened” (actually it has tanked); and 4) The housing sector remains depressed (and is literally more depressed than the Great Depression).

Anybody who believes that today’s Fed action or the stock market’s immediate reaction to it is simply a fool. The very reason the Fed even resorted to this dramatic and risky move was because things truly suck, and are expected to remain terrible until at least 2013.

The Fed, essentially in desperation, is now going to attempt to force bond yields to remain low while trying to keep stock prices high – which they define as “price stability.”  This entire process will in fact virtually REQUIRE the Fed to do a QE3 (which they did not feel they could do now because it was far too early after just-ended QE2), according to analysts from CNBC.  And the Fed is simply not worried about inflation at this point because they think they have bigger fish to fry.

When they get to the QE4 point – which QE3 itself will guarantee just as the ending of QE2 itself guaranteed QE3 - they will simply forgive their own debt and the system will run amok until it completely crashes due to hyperinflation.

I know I make all this sound so cut and dry that, if I’m right, any fool ought to be able to see what I’m describing and avoid the pitfall I predict.  And so it is easy to conclude that I simply can’t be right. 

I don’t doubt that the thinkers at the government and the Fed and Wall Street who are making these ruinous decisions are well familiar with the history of hyperinflation (e.g. the Weimar Republic or Africa); and they know the dangers of their policies.

But there’s another attribute these decision-makers have in addition to their pathological refusal to accept responsibility when they can kick the can down the road and make the future pay for their actions now instead; and that attribute is hubris.  Which is to say they reason, “Yes, that problem always happened before when a government did what we’re doing now, but we’re smarter.  And we have computers.  And so what happened to everyone else who did what we’re doing now won’t happen to us.”

And the thing about computers that has always been true is garbage in, garbage out.  The economic models these thinkers are plugging into their computers are filled with preconceptions that are in fact basically the same preconceptions that failed so wildly in the Weimar Republic.  And it doesn’t matter how many digits to the right of the decimal point your computer can calculate; when your assumptions are wrong, your model will turn out wrong.

By the way, “the fool” who bought so much gold was quite happy today.  That is because there is no point saving money, and the only two basic options are to risk your money in risky equities or to buy gold; so gold will continue to increase in value, baby.

They talk about “fool’s gold” (iron pyrite), which fools think is real gold.  But real genuine gold has the property of revealing fools in another way: consider that gold has spiked twice since 1970: during the misrule of the fool Jimmy Carter and now during the misrule of the fool Barack Obama:

What I said back in May seems to remain true: “Everyone But Obama And Obama’s Fed Knows That Prices Are Rising Drastically.”  And given our massive and wild market fluctuations the picture I provided in that article continues to describe Obama’s roller coaster economy:

As an American Thinker article correctly predicted shortly after the national disaster a.k.a. the Obama victory in 2008: “Hang on, this will be a rough period ahead.”

Who was RIGHT?

[Update, 8/10/2011]: Oh, oh.  It looks like that wild roller coaster ride is going DOWN the steep track again.  The DOW was down 520 points – more than erasing the gains from the previous day and putting the kibosh on the television talking head narrative that we were about to enter better days because the Fed had saved us.

I didn’t know we’d go up 430 points yesterday on the Fed’s hail Mary.  I didn’t know it would tank 520 today on the most radical market roller coaster in my lifetime.  But I know that Barack Obama will fail and bring America down with him unless the people stand up and STOP HIM.  This is God damn America now under Obama.  And God damn America is going to go down hard unless we stand up and repent of the evil that is the Obama agenda.

And that “fool” who bet that Obama would wildly fail is thrilled with his bet that Obama would ruin America, with gold soaring to over $1,800 an ounce today.

After Two Terrible Years Of Obama, Here’s Our ‘Change’

May 20, 2011

From an email I received (and liked):

AFTER TWO YEARS OF OBAMA, HERE’S YOUR “CHANGE”: 

January 2009

TODAY

%
chg

Source

Avg.. Retail price/gallon gas in
U.S.

$1.83

$3.94

84%

1

Crude oil, European Brent (barrel)

$43..48

$99..02

127.7%

2

Crude oil, West TX Inter.
(barrel)

$38..74

$91..38

135.9%

2

Gold: London (per troy oz.)

$853.25

$1,369.50

60.5%

2

Corn, No.2 yellow, Central
IL

$3.56

$6.33

78.1%

2

Soybeans, No. 1 yellow, IL

$9.66

$13..75

42.3%

2

Sugar, cane, raw, world, lb.
Fob

$13..37

$35..39

164.7%

2

Unemployment rate, non-farm, overall

7.6%

9.4%

23.7%

3

Unemployment rate, blacks

12.6%

15.8%

25.4%

3

Number of unemployed

11,616,000

14,485,000

24.7%

3

Number of fed. Employees

2,779,000

2,840,000

2.2%

3

Real median household income

$50,112

$49,777

-0.7%

4

Number of food stamp recipients

31,983,716

43,200,878

35.1%

5

Number of unemployment benefit
recipients

7,526,598

9,193,838

22.2%

6

Number of long-term
unemployed

2,600,000

6,400,000

146.2%

3

Poverty rate, individuals

13.2%

14.3%

8.3%

4

People in poverty in U.S.

39,800,000

43,600,000

9.5%

4

U.S.. Rank in Economic Freedom World
Rankings

5

9

N/a

10

Present Situation Index

29.9

23.5

-21.4%

11

Failed banks

140

164

17.1%

12

U.S.. Dollar versus Japanese yen exchange rate

89.76

82.03

-8.6%

2

U.S.. Money supply, M1, in billions

1,575.1

1,865.7

18.4%

13

U.S.. Money supply, M2, in
billions

8,310.9

8,852.3

6.5%

13

National debt, in trillions

$10..627

$14..052

32.2%

14

Just take this last item: In the last
two years we have accumulated national debt at a rate more than 27 times as
fast
as during the rest of our entire nation’s history.Over 27 times as
fast. Metaphorically speaking, if you are driving in the right lane doing 65 MPH
and a car rockets past you in the left lane. 27 times faster, it would be doing
7,555 MPH!

Sources:(1) U.S. Energy Information
Administration; (2) Wall Street Journal; (3) Bureau of Labor Statistics; (4) Census Bureau; (5) USDA; (6) U.S.
Dept. Of Labor; (7) FHFA; (8) Standard & Poor’s/Case-Shiller; (9)
RealtyTrac; (10) Heritage Foundation and WSJ; (11) The Conference Board;
(12) FDIC; (13) Federal Reserve; (14) U.S. Treasury

It has only taken Obama two years to do this much damage to America.

Imagine how much more he can do in two more years.

Imagine how much more he would do with a second four-year term.

How’s that socialism workin’ out for ya?

Americans More Pessimistic About US Outlook Than At Any Time Since Start Of Obama’s Failed Presidency

April 22, 2011

As much as the mainstream media propaganda tries to pretend otherwise by restating Obama’s talking points as if they were facts, things are NOT going well for the U.S. economy.

And the American people know it:

Americans hold dim view of U.S. economic outlook: poll
Thu Apr 21, 10:54 pm ET

WASHINGTON (Reuters) – Americans are more pessimistic about the U.S. economic outlook than they have been since the start of the Obama administration and most believe the United States is on the wrong track, according to a New York Times/CBS News poll released on Thursday.

The number of Americans who think the economy is getting worse jumped 13 percentage points in just one month, to 39 percent, the poll suggested.

Just 23 percent said they thought the economy was improving, down 3 percentage points from the previous month.

Seventy percent of respondents said the country was heading in the wrong direction and most think neither President Barack Obama nor Congressional Republicans share their priorities for the country, the poll showed.

The dour mood is dragging down performance ratings for President Barack Obama and both parties in Congress with the 2012 election season already underway, the poll found.

Fifty-seven percent of respondents said they disapprove of Obama’s handling of the economy, while 75 percent said they disapprove of the way Congress is handling its job.

While Washington is consumed with debate over deficit-reduction proposals, Americans seemed uncertain about the impact of cutting the deficit on the U.S. economy.

Some 29 percent of those polled said cutting the deficit would create more jobs, while 29 percent said deficit-cutting would cost jobs and 27 percent said it would have no effect on the employment outlook.

The poll found considerable support for Obama’s proposal to raise taxes on the wealthy — 72 percent of respondents approved of that idea as a way to address the deficit.

Obama’s job approval stood at 46 percent, while 45 percent did not approve of his performance in office.

More than half of poll respondents, 56 percent, said they did not have a favorable view of Republicans in Congress, as opposed to 37 percent who said they did.

The Democratic Party fared somewhat better, with a 49 percent approval rating versus 44 percent disapproval.

The telephone survey of 1,224 adults was conducted Friday through Wednesday and had a margin of sampling error of plus or minus three percentage points.

According to Standard & Poor’s, “we believe the risks from the U.S. financial sector are higher than we considered them to be before 2008.”  Which is to say that all of Obama’s financial fascism has made the American economy more vulnerable to total collapse than it has ever been.

If you saw an Obama election victory after the Republican and Democrat Party national conventions in August of 2008 and abandoned the stock market in favor of gold and silver, you would be closing in on about a 90% profit on the gold, which would pale in comparison to the more than 250% profit you would have made in silver. 

I’ve watched the market go up and down, but the numbers reveal it has clearly generally gone up.  But I’ve also noticed that most of the trades are held for a matter of minutes or even seconds and that the low volume that has characterized the market pretty much mean it’s only major-league institutional investors that are making the lion’s share of the profits.

In the market itself, two things are happening: one is that banks are able to borrow money at nearly a zero percent interest rate and then reinvest it in bonds for a safe and easy profit without those risky and pesky loans to small businesses.  The other thing is that there are virtually zero bankrupties of major business and financial sector entities because they can borrow money at the aforementioned artificially low interest to keep themselves alive no matter “artificial” that life is.  The moment we start to see interest rates go to their natural levels, you are going to see a giant swath of reorganizations (which is a fancy word for bankruptices).  It’s coming.

I’ve also watched as QE2 (that’s Quantitative Easing, the Obama Fed plan to manipulate interest rates by creating bogus money based on the government essentially borrowing from itself) has fed this big player stock market gluttony with artificial money creating artificially low interest rates.  The last time quantitative easing ended, the market lost about 16% of its total value in about two weeks.  QE2 is scheduled to end in June.  You do the predictive math about what’s going to happen in June/July.

I am reminded of a rather chilling 7 minute video about a fictional scenario which is starting to look more and more like a prophecy:

The plot of the highly realistic video is that Obama’s announcment of QE4 is met with the world market finally realizing that Obama is a clueless idiot.  And it proceeds to detail the unravelling of the entire financial system.

We are almost certainly going to see QE3.  The only way we WON’T see QE3 is if the “experts” rename what will be virtually exactly the same thing.  The liberal/progressive/socialist powers that be simply don’t have any other plan.  And whether it’s QE4 or QE5, at some point the world markets will come to the same conclusion that they arrive at in the fictional video above.

Last year, Democrat Congressman Anthony Weiner actually used the power of the government to launch an investigation into Glenn Beck for pushing gold.  Media Matters mocked Glenn Beck, as usual.  A poster calling himself blk-in-alabam wrote on May 19 (8:08 pm ET):

“Beck cult members probably bought more gold today.  He tells they must taste the hair of the dog that bit them to get over the money they have already spent on gold.  Glen Beck tells them to hurry and buy gold before the facist socialist government take away their right to be used and suckered.”

If you were one of the Beck cult members who bought gold, congratulations: you made ($1,503 – $1,192) $311 an ounce – a 26% profit – without even leaving your house.  Not a bad profit for a paranoid cultist.  I wonder how much blk-in-alabam made on his portfolio, assuming he isn’t living in the basement of his mom’s house and “investing” all of his allowance on video games???

Here’s my question: has there been an investigation of Anthony Weiner for demonizing gold???

The American people are totally confused and divided, which is exactly what you would expect from “No, no, no.  Not God bless America.  God DAMN America!”  The other thing you’d expect from God damn America is that wicked and foolish people will continue to make poor choices and poor decisions.

Adjusted U.S. Dollar Plunges To Lowest Level Since 1973

April 22, 2011

More bad news in God damn America:

Soft US dollar, tough choices
By James Mackintosh
Published: March 7 2011 22:48 | Last updated: March 7 2011 22:48

So the US Federal Reserve is not exempt from the laws of supply and demand. Theory suggests creating more dollars should make each worth less. Sure enough, the Fed’s own measure of the trade-weighted dollar in real terms – the best way to do long-term currency comparisons – is at its lowest since the dollar floated in 1973.

For those of you who need a picture to understand what is being said, I shall do my best to provide:

For those of you who simply could not see this coming, I have another useful illustration for you:

I am just so shocked.  I thought QE2 would be a smashing success after the wonders of QE1.

We need another massive stimulus.  Failure squared = success.

This chart explains something profound:

You can bet on gold because Obama can’t ruin it’s value.  You can bet on oil because Obama is making it more and more valuable with his moronic policies.

But DON’T bet on the dollar.  Don’t bet on anything that Obama can get his fumble-fingered mitts on.

Here’s a similar snapshot of reality:

It sounds like a Murphy’s law: “When a total fool occupies the White House, the value of gold increases proportionately.”

America’s Credit Rating Downgraded: ‘Chickens Coming Home To Roost’

April 19, 2011

America’s chickens are coming home to roost.”  Just not the way that Barack Obama and his spiritual mentor for more than 20 years said it was.

Taking the war to enemies who despise us and plot our destruction is not what brings on “No, no, no.  Not God bless America, God DAMN America!”  It is the vile policies of a profoundly socialist president such as Barack Obama that bring that judgment about.

“Our chickens” are going to be roasted – and God will damn America – with a financial implosion that will make the Great Depression look like the most pleasant walk on the beach.

Margaret Thatcher said that “The problem with socialism is that eventually you run out of other people’s money.”  But Obama will continue to demand that we keep spending “other people’s money” – the rich he demonizes even as he parasitically leeches off of, China and anyone else fool enough to give him money – until there is nothing left to spend but empty promises of “hope and change.”

And then pop will go the American weasel that had been an eagle until Obama “fundamentally transformed” it.

Standard & Poor’s on Monday downgraded the outlook for the United States to negative, saying it believes there’s a risk U.S. policymakers may not reach agreement on how to address the country’s long-term
fiscal pressures. [...]

The Dow Jones industrial average tumbled more than 200 points on word of the revision, while gold prices hit a new record above $1,496 an ounce

What is basically going on is that S & P is worried that politicians will act as morally depraved as Barack Obama did in 2006 when he voted against the debt ceiling and demonized George Bush for his “failure of leadership” and his “reckless fiscal policies” in seeking an increase in the debt ceiling:

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”

If our political leaders act as depraved and foolish and vile as the man who is now our president did, we are in big, big trouble.  Think about that: if anyone in this mess acts as craven and as personally despicable as Barack Hussein Obama, America is in big, big trouble.

Now Obama is essentially saying, “Anyone who talks and acts and votes like I did is basically a traitor to America.”

And S & P fears that the America imploding “fundamental transformation” into “hope and change” will win out.

Obama immediately moved to demagogue the S & P the way he’s spent the last two and a half years of his failed presidency demagoguing George Bush:

The Obama administration moved swiftly Monday to downplay ratings agency Standard & Poor’s downgrade of its U.S. credit outlook, calling the decision
a political judgment that should not be taken too seriously.

The timing of S&P’s announcement was unwelcome for the White House, coming just as President Obama tried to regain the initiative on the deficit debate in Washington.

Sorry if fiscal reality got in the way of your viscerally divisive political attack that represents your campaign when everyone who isn’t a total fool knows that we need agreement and consensus.

Obama had (when it was in his hypocritical self-serving interests to appear non-partisan) said:

We’re not going to be able to do anything about any of these entitlements if what we do is characterize whatever proposals are put out there as, ‘Well, you know, that’s — the other party’s being irresponsible. The other party is trying to hurt our senior citizens. That the other party is doing X, Y, Z.”

Then the man who said we need to stop demagoguing and come together proceeds to turn into an incredibly divisive political demagogue in an obvious game of chicken he wants to play with the American people’s future:

One vision has been championed by Republicans in the House of Representatives and embraced by several of their party’s presidential candidates…This is a vision that says up to 50 million Americans have to lose their health insurance in order for us to reduce the deficit.  And who are those 50 million Americans?  Many are someone’s grandparents who wouldn’t be able afford nursing home care without Medicaid.  Many are poor children.  Some are middle-class families who have children with autism or Down’s syndrome.  Some are kids with disabilities so severe that they require 24-hour care.  These are the Americans we’d be telling to fend for themselves.”

Rep. Paul Ryan framed Obama’s cynical and vile tactics beautifully:

MR. BARNES: What are the prospects for a grand bargain?

REP. RYAN: Well, this definitely damages them. I think when you go after your political adversaries with the kind of demagogic terms and comparisons that the President did, that makes it harder.

I forgot whose quote this was. Maybe it was Churchill. But he was basically a pyromaniac in a field of straw men. I mean, to set up all these straw men arguments and then to tear them down, it’s almost as if he wanted to paint his political adversaries, supposedly us, in a cartoonish kind of a way, in a caricature as if we want to hurt people’s grandparents, were against families who have children with autism and disabilities and we don’t want kids to go to college. I mean, that’s basically what I got out of the President’s speech yesterday is that what we believe.

How do you have a serious debate about this? This coming from a President who came to our Republican retreat about a year and a half ago and said what we were hoping to hear: We’ve got to do entitlement reform. We, House Republicans, have put out some credible, serious ideas, and we can’t demagogue each other. We can’t go after each other.

And, look, I’m saying both parties do this, but when the President came and said, “We can’t treat the other party as if they’re hurting seniors and hurting people and using this demagoguery,” that’s what he told us when he came to talk to us in 2010 in Baltimore. What we got yesterday was the opposite of what he said is necessary to fix this problem.

Obama said that demagoguery was only going to undermine any chance at agreement.  Now he’s in full-fledged demonization mode, literally trying to push the Republicans into doing what he himself did in 2006 and vote against raising the debt ceiling.  Because this vile president wants the American people to suffer so that he can demagogue that suffering and pervert it into his political advantage as he runs for president on a record of total dismal failure.

And don’t think for one nanosecond that the Standard & Poor’s downgrade was a direct result of Obama’s vicious, demagogic speech in which he amply demonstrated he will do absolutely nothing about our spending problem except demonize anyone who tries to fix it.

Here is a video of an incredibly chilling fictional scenario that is looking more and more and more like the national news just a short time from now:

It was when a foolish nation voted for Obama that “America’s Chickens came home to roost.”  It was when Obama began to “fundamentally transform” America that we truly became “God damn America.”

Shovel-Ready Projects: Obama Admits $862 Billion Was Pissed Away On Idiotic Libthink

October 14, 2010

We spent 862 BILLION dollars – actually $3.27 TRILLION when you factor in interest and the cost of extending all the programs Obama created – on what even Obama now admits was a completely bogus premise.

Now all we have to wait for is for Obama to realize that his other “success” – ObamaCare – was a dismal failure at best, too.

October 13, 2010 11:45 AM
Obama: “No Such Thing as Shovel-Ready Projects”
Posted by Stephanie Condon

With unemployment hovering near 10 percent nearly two years after President Obama signed his economic stimulus package, Mr. Obama is acknowledging that, despite his campaign promises, “there’s no such thing as shovel-ready projects.”

The president gave that remark in an hour-long interview with the New York Times.

Mr. Obama also told the Times that he should have “let the Republicans insist on the tax cuts” in the stimulus, rather than including them himself, so the package would have seemed more like a compromise. The stimulus package, which the Congressional Budget Office said this year will cost $862 billion, included $236 billion in tax cuts. Nevertheless, the president said in the interview that he comes across as “the same old tax-and-spend Democrat.”

When the president campaigned for the stimulus package at the start of his presidency, he and others in his administration repeatedly insisted the investments would go to “shovel-ready” projects — projects that would put people to work right away. As recently as August, however, local governments were still facing delays spending the money they were allocated from the stimulus, CBS News Correspondent Nancy Cordes reported.

Couldn’t help but laugh at the way Obama phrased a couple of things.  He says he “should have ‘let the Republicans insist on the tax cuts’ in the stimulus, rather than including them himself, so the package would have seemed more like a compromise.”  Because appearances are everything, aren’t they???  And if we’d just pitched it this way, and given Republicans just a tiny little bit of input, then maybe we could have blamed yet ANOTHER liberal-created mess on Republicans.

And “comes across as “the same old tax-and-spend Democrat.”  Do ya THINK???

Obama “comes across as “the same old tax-and-spend Democrat” the way most human beings come across as bipedal hominids.  It’s just pretty much what you are, dude.  I’m sorry you can’t bring yourself to see the real picture when you look in the mirror:

Gold reached the highest constant-dollar value ever recorded during the last year of the Carter administration.  Adjusted for inflation, that is a much better price than the new all-time-high we just saw today under Barry Hussein.  By the time Obama leaves office in utter disgrace, you can rest assured that gold will be in the stratosphere, as desperate investors look for anything that Obama can’t ruin.

One picture says a thousand words about the two times when gold shot through the roof:

And those thousand words can only describe the failure of Democrats, given the fact that not since the Carter years have Democrats had so much power in Congress.  And not since the Carter years have we seen such miserable failure.  And – while many people have bought the liberal media lie that Bill Clinton was a successful president – the truth is that Bill Clinton was such a dismal failure that he suffered the worse ever (until NOW) political defeat in American history in 1994.  That was the year of the “Republican Revolution” that swept Republicans into power in numbers never before seen.  It was those Republicans – and not Bill Clinton – who generated the economic success that led to the balanced budget that Republicans promised as the number one plank in the “Contract with America.”

Enter that old Carter “malaise,” that old Carter “crisis of confidence,” as the American people finally come to realize that their president knows less about how the economy works than most of them know about brain surgery.

China Alarmed By Obama’s Deficits, Shocking Irresponsibility

September 8, 2009

It’s sad that a communist regime quotes our own founding fathers to us, because our President and the party in power has so blatantly ignored their wisdom.  But that’s what happened, as you will see reading the following article:

China alarmed by US money printing
The US Federal Reserve’s policy of printing money to buy Treasury debt threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy, according to a top member of the Communist hierarchy.

By Ambrose Evans-Pritchard, in Cernobbio, Italy
Published: 9:06PM BST 06 Sep 2009

Cheng Siwei, former vice-chairman of the Standing Committee and now head of China’s green energy drive, said Beijing was dismayed by the Fed’s recourse to “credit easing”.

“We hope there will be a change in monetary policy as soon as they have positive growth again,” he said at the Ambrosetti Workshop, a policy gathering on Lake Como.

“If they keep printing money to buy bonds it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies,” he said.

China’s reserves are more than – $2 trillion, the world’s largest.

“Gold is definitely an alternative, but when we buy, the price goes up. We have to do it carefully so as not to stimulate the markets,” he added.

The comments suggest that China has become the driving force in the gold market and can be counted on to
buy whenever there is a price dip, putting a floor under any correction.

Mr Cheng said the Fed’s loose monetary policy was stoking an unstable asset boom in China. “If we raise interest rates, we will be flooded with hot money. We have to wait for them. If they raise, we raise.

“Credit in China is too loose. We have a bubble in the housing market and in stocks so we have to be very careful, because this could fall down.”

Mr Cheng said China had learned from the West that it is a mistake for central banks to target retail price inflation and take their eye off assets.

“This is where Greenspan went wrong from 2000 to 2004,” he said. “He thought everything was alright because inflation was low, but assets absorbed the liquidity.”

Mr Cheng said China had lost 20m jobs as a result of the crisis and advised the West not to over-estimate the role that his country can play in global recovery.

China’s task is to switch from export dependency to internal consumption, but that requires a “change in the ideology of the Chinese people” to discourage excess saving. “This is very difficult”.

Mr Cheng said the root cause of global imbalances is spending patterns in US (and UK) and China.

“The US spends tomorrow’s money today,” he said. “We Chinese spend today’s money tomorrow. That’s why we have this financial crisis.”

Yet the consequences are not symmetric.

“He who goes borrowing, goes sorrowing,” said Mr Cheng.

It was a quote from US founding father Benjamin Franklin.

Ever heard the phrase, “own worst enemy”?  That’s the United States, to itself.  Or more particularly, that’s the president of the United States, to the country he’s supposed to be helping.

China can seriously screw us financially; they could literally bankrupt us.  They don’t want to do that, because hurting us would hurt their investment in us.  Yet the subtitle of the article drives the point home: “The US Federal Reserve’s policy of printing money to buy Treasury debt threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy.”  We are pursuing such a fiscally reckless policy that China will be compelled to cut its losses – and truly leave us high and dry.

What Obama is doing is going to gut the U.S. currency, and China is being forced to act like a rat jumping off a sinking ship.  And just to make sure nobody fails to understand: WE’RE the ship that Obama is sinking.

Democrats – flagrant hypocrites that they are – actually had the chutzpah to demagogue Bush for his “fiscal mismanagement.” A lot of Bush’s spending WAS in fact irresponsible – but Democrats complaining about government spending is very much like Stalin complaining about Soviet gulags; it simply flies in the face of any and all reason.

When you realize that Obama’s 2009 deficit – just one year of his spending – is higher than all 8 years of Bush’s deficits COMBINED, it ought to tell you just how shockingly irresponsible Obama and the Democrats are, as well as what appalling hypocrites they are.

Just imagine putting Nancy Pelosi and Howard Dean in a time machine, and launching them six years into the future so they could see that – under total Democrat control – they would spend more than eight times more than George Bush spent in his VERY WORST YEAR.  And then realize that such is the loathsomeness of their characters that they would return to their own time and STILL demagogue Bush for his spending.  It’s just what they are. Hypocrisy is their defining characteristic, to go along with their naked demagoguery.

The danger that the Chinese point to is crystal clear.  Even key Obama-ally Warren Buffett is publicly demanding that Obama and the Democrats cut their spending to avoid massive inflation.

I would argue – in disagreement with Buffett – that we didn’t need to launch into such massive government spending (although we sure bailed out Wall Street-types like Buffett by doing so, didn’t we?).  In the initial panic, the Bush team reacted by spending, as though we could patch the holes of our debt-ruined economy by stuffing them with borrowed money.  But already, by the time Obama launched into his even more massive stimulus, it seemed readily apparent that the government wasn’t getting much of a bang for its buck – unless the “bang” was the bang of a future debt-induced economic implosion.

Think about it from this angle: do you know how small businesses are actually the driving engine of our economy and our job creation?  Well, 98% of small businesses didn’t receive any money from the Obama stimulus at all.  If fact, the National Endowment for the Arts – which recently displayed it’s pro-Obama ideological partisanship – received more stimulus funds than the small businesses that drive our economy.

By selecting Bush-appointee Bernanke to serve another term as the Chairman of the Federal Reserve, Obama was implicitly embracing most of the very Bush policies he had personally and repeatedly demagogued during the campaign.

And now in Obama’s spending we have the very worst of Bush — times EIGHT.

The Chinese are quoting Benjamin Franklin to point out America’s insanity under Barack Obama.

I would suggest another Franklin quote as well: “When the people find that they can vote themselves money, that will herald the end of the republic. “


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