Tag Archives: Economy

All that Glitters: Gold hits $1600 an Ounce as People Lose Faith in the Western Governments and Western Currencies

As the socialist democrats play chicken with the debt crisis in Washington DC and as the governments of Europe split on how to deal with their debt fiasco its becoming increasingly clear that our western governments have failed in dealing with the financial crisis. As much as the rest of the world is loath to admit it; our western financial mess will tank the world economy when we reach critical mass and sovereign debt begins to be defaulted on. In America, a two party system, it’s a fact that one of the two party’s is entirely dependent on providing ever more extravagant social programs and so if you take spending away from the socialist democrats they have no party left. Democrats have abandoned their principles years ago in favor of a strictly “bring home the bacon” world view and their politics of division means that they now view patriotism and any good feeling about this country as “republican propaganda.” Democrats maintain their supplicants by dividing the nation into controllable voting groups, convincing them that they are a persecuted minority; con their leaders into accepting Democrat legislative protection and then they harvest the vote while never actually solving the problems.

This works great until you have a problem, like the financial crisis, that actually needs a real solution. We need the spending spigot to be turned off, now, and for the foreseeable future. The socialist governments of Europe don’t have the money to pay for their lavish social benefits and are facing default on their ever increasing debt and here in America we’re doing our best to pretend that we don’t have a spending problem at all. The sane people, who remain, around the world, are looking at our government’s failure to solve the financial crisis and they’re turning increasingly to Gold because neither the Euro nor the Dollar seems to be worth much these days. As Western Governments are increasingly revealed as too weak to fix the financial woes of the world: it’s only natural that the world’s wealth will find its way into units of value that are not dependent on government to maintain that value. Hence we’re seeing Gold take off like a rocket, again, as faith in our politicians craters once again. Our elected representatives are unable to take unpopular but necessary actions for the good of the country but instead while away the hours figuring out how to fix the blame on the other party.

The Debt Crisis is like Marley’s Ghost, with chains clanking, and the unearthly groans of the utterly dammed, trying in vain to get our attention. At least Ebenezer Scrooge opened a dialog with the Ghost; he faced the apparition and worked the problem to the salvation of his soul. Our Ghost is, in fact, Franklin D. Roosevelt’s Ghost who now wears the crazy Marxist programs he forged in life; as he watches the nation he lead come apart at the seams because it’s no longer administering the social programs——- the social programs are governing us. As Marley and Scrooge sold their soles to the quest for profit; the Marxist Democrats have sold their soul to redistribution of wealth as a means of maintaining power and extending control over the people. As the Ghost of Roosevelt stands in the center of the Oval Office groaning and clanking its chains while the cancerous programs it spawned threatens to kill the United States: Obama sits in the oval office, oblivious to the cancerous spending, unwilling to compromise with evil capitalists, ghosts of presidents past, or anyone else, because he’s too engrossed on planning yet another vacation.

Sixteen Hundred Dollars for an Ounce of Gold! As the Congress abdicates is responsibility for love of the cowardly McConnel plan and as Obama lays the foundation for blaming the Republicans when the debt talks fail and as the hapless Germans stand alone in Europe for fiscal sanity gold is on a tare. As our governments continue to fail us look for more and more people and organization around the world to turn to gold for wealth preservation. Sixteen Hundred Bucks an ounce with no end in sight! For more on Gold consider this article from Bloomberg.com:


What No Foreign Army Could Do: Standard & Poor’s and Moody’s Lead the Assault on American Sovereignty

The Obama Administration is being whipsawed by Standard & Poor’s and Moody’s over the loss of the nations AAA credit rating. In the event the rating is lost the interest costs to finance our suicidal debt would rise as faith in our financial system falls; as determined by rating agencies. There seems to be a whiff of panic in the air as Obama refuses clear cut spending reductions and the Republicans refuse to raise taxes in the worst economy since the Great Depression. Given the extra “pressure” of the ratings agencies threat to our credit rating; our brave politicians are dealing with their discomfiture by beginning to rally around the so called McConnell plan. What is the McConnell plan? It’s a craven, abject capitulation, designed to give Obama the sole authority to order a debt limit increase on his own authority; while providing congress a fig leaf to cover its naked abdication to control the nation’s finances. Like Pontius Pilot, the quaking marshmallow McConnell would wash his hands, and those of fellow Republicans, of the “blame” for the torrent of additional Obama spending without any cuts at all. What’s another couple of Trillion Dollars of debt before Election Day? The fact that these two rating agencies, Moody’s and Standard & Poor’s, can make Country Club, Big Government, “Republicans” like Mitch McConnell fall down and grovel at their feet with no spending cuts to show for this fiasco, makes you wonder who is really in charge in Washington.

Moody’s and Standard & Poor’s are just the vanguard of the forces that are displacing our hapless elected officials from conducting the nations business as increasingly they are forced to cede our sovereignty to credit rating agencies, the International Monetary Fund, and The Federal Reserve as they determine American policy. Look for this trend to continue and for examples of these financial entities to be increasingly brazen about telling our wobbly-kneed-politicians exactly what to do. No Foreign Army could have concurred the USA in the last century but giant money cartels like the Nefarious Federal Reserve and global financial organizations like the IMF have taken effective control of this country as congress abdicates its responsibility, and Obama grows the imperial presidency into a true puppet of global dictatorship. This coalition of financial Napoleons never fired a shot: they just replaced democrats with socialists, encouraged dependence on the big government crack pipe, and waited sixty year while systematically taking over education and media. The USA never even knew it had been vanquished. Big money has made our elections a joke as the sums involved to be elected to any national office are so huge that candidates of both parties are beholden to big money to mount a campaign. Ever wonder why it doesn’t seem to matter what party is elected because the policy stays the same?

What have our new masters, Moody’s and Standard & Poor’s done by their threat to downgrade our credit rating? Besides annoying Prince Obama and causing the cowardly old men of the Senate to soil themselves; what does this threat from Moody’s and S&P do? Once again the McConnell plan gives sole authority to Obama to spend another two Trillion Dollars with no spending cuts at all. Why? The gutless McConnell will tell you it’s to insure that Obama gets the blame for his economy: thus positioning Republicans to triumph in the next election. Is it really about the politics? Or is it about trillions of dollars and the increased control the global Financial/Intelligence/Military complex gains over our country? Is letting us know that all this money we’ve borrowed will soon be costing us a lot more the equivalent of a fisherman setting the hook on a prized fish? We’re already at the point where it’s impossible to pay off our debts but when the rates go up—and Obama is allowed to borrow TRILLIONS more—– the chains will go on us all: and we’ll never be off the hook of this debt. Not ever.

Having become somewhat cynical in my old age I suspect that the real purpose is to spend that extra couple of trillion, that even now can probably never be repaid, so as to increase the control over the US Government by the crack dealing czars of the global Industrial Military Complex, and New World Order Financial and Intelligence cartels. In the twenty-first century, standing armies are obsolete having been replaced by financial control and absolute mastery of information technology. The military has its place, but the true control of the world lies in the manipulation of the information & intelligence infrastructure and an iron grip on global finances. The power to create money, to grant and to absolve debt is morphing into direct control of the daily governance of the crumbling Western World. Just ask Greece……. And maybe even Senator McConnell if you catch him in a candid mood. Maybe you had better just ask Greece….

The Affirmative Action President: How Barak Obama has brought the USA to the Brink of Disaster

In the final analysis, with the benefit of 20/20 hindsight, it’s abundantly clear that Professor Obama has no clue how to be President of the United States. His incompetence has been on display from day one but now it an undeniable sick feeling in the guts of every thinking American. America, led by the Baby Boomers, wanted to be the ones who ended racism and so they elected an articulate black man to the presidency in spite of his have no qualifications to hold that office. Neo-Marxist Democrats saw a black “leader” who could speak Standard English, have an appealing smile, and who can say anything without being challenged by the press; and they thought their chance to vote in a messiah had come.
It turns out that being President is about being truthful, more than reading a teleprompter flawlessly; it’s about love of America more than being a citizen of the world or a lover of “Social Justice” and it’s about being an honorable man more than being a party man. Professor Obama is clear that he feels the Constitution is a “charter of negative liberties” and in his term as president he’s never let the constitution stop him from pursuing a Marxist College Professors agenda. He rammed through Obama Care, stimulus legislation and a spending spree that may well be the death warrant of the US Dollar as well as doing permanent damage to our national dialog with his highhanded arrogance.
Obama is the living personification of a failed idea—– that big government can be anything other than absolutely corrupt.

Big Government serves itself, not the people, as the empty trust funds of our entitlements and our bankrupt, looted, state pensions eloquently testify. Obama represents a party that created Social Security and Medicare and a vast array of social programs: only to themselves, loot those same programs, and now the money is gone and the bill is due. The money is gone and we have no way to pay what was promised by the Democrats. The Democrats and their grab bag of goodies is revealed to be a cruel hoax and those who believed the democrats will sooner or later understand that they have been played for a fool. To be a Democrat is to be a Mark. Bernie Madoff will look like a saint when the history of the Marxist Democrats is written because their con game has not only destroyed our economy and destroyed our dreams; they may destroy the world economy as a consequence of our national folly. Is Obama a man who can understand this and find a way forward for us all? Increasingly the answer is: NO.
As state government lay-offs begin in earnest, as our creditors threaten our credit rating, as unemployment lingers and as inflation grows; our “affirmative action president” is revealed as a total incompetent who’s now playing chicken with a planetary depression and a world financial crisis with ramifications too horrible to contemplate. The USA has no ability to pass a vote of no confidence and create new elections, which is too bad, because our angry black president would rather destroy the financial world, and all our dreams, rather than admit that the spending has to stop and the national debt be paid. As it becomes clear that the modern Democrat Party is a stealth European Socialist Party; who if any of them will admit that their theory of government is a total failure? A Democrat who can’t spend, can’t survive, and it’s now clear that the spending must stop or the United States of America won’t survive. Who will Obama pick, his party or aby Boomershis country, whom will he save?
Like it or not we’re all about to find out the hard way. I don’t think we’re going to like his choice.