Loading ...I think it’s in the bag….. and then some. I also think the PM’s bottomed 7 weeks ago, and from that bottom the PM indices will more than double before the end of the year. That’s not to say it’s going to be easy getting there. Just my opinion of course. DYODD and all that. :o)
You wrote: Gold goes up big time based on this, trust me 
My wife thinks that if the vote goes through, it will be a strong show of confidence in the US gov’t and that it will be dollar positive.
Post from another board:
There was very little written about precious metals by historians during WWII for the obvious reason most thoughts were about the global conflict. Nonetheless I found a chart of Homestake Mining’s market performance for that period.
Homestake Mining was the quintessential gold miner that represented the entire US gold industry for that period.
During the 4 years of WWII (1942-1945) Homestake shares rose 183% (from $21.50 to $60.50). Homestake soared 183% despite the fact gold remained pegged at $35/oz for the entire war period.
Here’s the chart:
www.consensus-inc.com/01999si/spec-rep/0101niir-08.gif
————————–
supprising that war in 1941 did not spike demand for gold. Supreme confidence of Americans!
After war - inflation was a worry, and smart money tried to adjust. Deadeye
Inflation, deflation, hyperinfltion, health care, economic schools, fake gold, paper gold, insurance, store of value, wealth preservation, communism, socialism, anarchism, facism, totalitarianism, liberty, slavery, freedom, history, philosophy, religion, politics, climate, energy, social responsibility, love, faith, hope, work, justice, integrity, currency, supply, demand, utility, equilibrium, velocity, etcetra, etcetra, etcetra. All of the above tied into the price.
The emperor has no clothes. None of them earth wide. I think gold will reach a high by august this year. Around 1900 JMHO.
by John Galt
Sunday, March 21, 2010
During all of the confusion and turmoil erupting inside the United States with the debate over so-called “health care reform” events around our nation and world wide continue to move forward. A small news story in Europe though caught my attention and sent up the warning signal, or flare of fire into the night sky, that every one of my readers had best pay attention to.
Of call places, it was Agence-Presse Francais (AFP) who posted the story innocently enough on a Saturday afternoon and I found it in The Australian while reading their Sunday business section last night. The headline sounds logical enough as does the reasoning behind the taxation proposals:
The story provides a road map for America’s socialist future. Let’s review the highlights from this story:
1. A new draft bill to be tabled in parliament next week imposes a 20 per cent tax on the Orthodox church’s real estate income, reportedly worth over 10 million euros ($14.8 million) a year.
In the United States, this will be used to attack the large, organized churches, especially those institutions involved in political activities. This process was used in Mussolini’s Italy with the alliance with the Vatican to eradicate or force underground any competition to the Catholic Church. The same happened in Nazi Germany, the Soviet Union, Poland, etc. throughout history. The United States will be the model to seize and tax the assets of those churches which do not conform to the nationalist ideology of Marxist theology and to silence the opposition of groups like the Christian Coalition, etc. The reply you will here is “it can’t happen here” but we all now know better.
2. It also outlaws all business transactions of more than 1500 euros ($2220) conducted in cash, prescribing instead the use of credit cards and urging consumers to collect receipts in an effort to stamp out tax evasion that costs the state an estimated 10 billion euros ($14.8 billion) a year.
The I.R.S. will insist and win via pressures on our bond market and stagnant economy that they need the ability to restrict the use of cash in business transactions. As I have said on these pages throughout the years and many other there is a drive to move our economic model to a cashless society and this will be the next to the last final step in doing so. The introduction of the EBT benefit cards was to condition the lower economic class to the idea of a cashless society and it has been a resounding success, as it has been renamed from the stigmatic “Food Stamp” program to the catchier, less demeaning “SNAP” benefit system. The psychological modeling was completed when we saw rappers and singers dancing through coffee shops and nurseries on our television screens swiping their VISA cards to conduct business in a rapid manner. Anyone who has stood in line behind a stoner or 86 year old knows that the VISA commercial is complete and utter nonsense. As the idea of reducing the size of cash transactions expands, American society will rapidly become acclimated to the banning of cash and financial privacy which ultimately will lead to cash transactions being limited to $20 or less in the long run.
Got Gold or Silver?
3. It also introduces income checks for owners of yachts, private planes and jets, swimming pools and other luxury items.
Which will soon lead to income checks for you and I when we attempt to buy a surround sound system, laptop, cell phone or new vehicle. “But that only applies to the super rich and in many cases that includes drug dealers,” will be the retort of the average sheeple. And as the price drops as to what requires income verification and ultimately permission from the I.R.S. the conditioning program will be complete. Any purchase made for more than $300 to $500 will end up requiring a bureaucrat or computer program to validate that you are current on your taxes and that all preconditions for ownership have been met.
Gee, most firearms are $300-$500. Interesting how that would impact our freedoms, isn’t it?
This story is huge. It is not big because of the “where” of the story but the meat of it. If anyone of my readers thinks this will not happen here, you are not paying attention. The history of what has happened in the world dictates that a desperate society requires drastic courses of action. The fact that our society is bankrupt, morally and financially, puts the United States on the glide path for these draconian impositions to become reality.
I believe, Canada, has an unique and magnificent future. caveat….if it is allowed to transform from an old age governed nation. I was always intrigue that the Canadian prime minister actually wheels more direct power that any free nation leader on earth….(I believe this to be true, but always open to further wisdom). regardless
interesting insight into the ice roads….snow in Dallas….71f in Halifax, Canada….hmmmmm? I would suggest that global weather change is as a valuable knowledge as the manipulated gold abuse. The two, will have overwhelming challenges to the cartels.
regarding the “big vote today”…..the complexity to this story is overwhelming and any poor soul thinking it about free medical services fall of his horse long ago ( getting out of dodge…smile)
grin…..your charts are worthless….the game is not about insight from past references…it is about “the new game”….which you are not a player.On any given day’s program by the the direction of the central houses events occurred. You are just watching past giant’s foot prints, the difference they are programmed for the house to win always…organized chaos, rape and pillage in the twenty-first century.
grin you are not a member, it may go up, it made go down, it may fool you and travel sideways…One point I am certain….a free and honest market it is not, caveat was it ever?????..frostbite…
Everything has its limit - iron ore cannot be educated into gold.
Mark Twain
Familiarity breeds contempt - and children.
Mark Twain
Few things are harder to put up with than the annoyance of a good example.
Mark Twain
Go to Heaven for the climate, Hell for the company.
Mark Twain
Golf is a good walk spoiled.
Mark Twain
I didn’t attend the funeral, but I sent a nice letter saying I approved of it.
Mark Twain
I don’t give a damn for a man that can only spell a word one way.
Mark Twain
I never let schooling interfere with my education.
Mark Twain
In the first place, God made idiots. That was for practice. Then he made school boards.
Mark Twain
It ain’t those parts of the Bible that I can’t understand that bother me, it is the parts that I do understand.
Mark Twain
It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.
Mark Twain
It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt.
Mark Twain
Patriotism is supporting your country all the time, and your government when it deserves it.
Mark Twain
Such is the human race, often it seems a pity that Noah… didn’t miss the boat.
Mark Twain
Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself.
Mark Twain
The lack of money is the root of all evil.
Mark Twain
The reports of my death have been greatly exaggerated.
Mark Twain
There are times when one would like to hang the whole human race, and finish the farce.
Mark Twain
There is a charm about the forbidden that makes it unspeakably desirable.
Mark Twain
There is no distinctly American criminal class - except Congress.
Mark Twain
Whenever you find yourself on the side of the majority, it is time to pause and reflect.
Mark Twain
You can’t depend on your eyes when your imagination is out of focus.
Mark Twain
I believe you have the vote exactly right but I sure HOPE that you are wrong! Now I need to figure out how to vote against all 216 of them - maybe I can do that in Chicago.
I believe it will happen - just NOT by next January. Hope I am wrong!
For a more thorough, definitive, and historical discussion of classical economics, also known as political economy, see the link below. It covers definitions, method, scope, and history. In the history section we can see the Austrian School, as well as other schools, described.
Some dude named Mises, fits what the US used to be to a tee. And it is relatively simple enough that a simpleton like me can understand.
Nothing like trying to find the Higgs Boson.
It will pass, 216 to 215. The question is how many Dems can be “saved” by allowing them to vote “NO” at the last second, and still maintain 216.
Obama speech yesterday to the Democratic House Caucass said things would be much worse for them if they didn’t pass this bill? Wonder what he meant by that?
Gold goes up big time based on this, trust me
snip:
” English school of economic thought that originated during the late 18th century with Adam Smith and that reached maturity in the works of David Ricardo and John Stuart Mill. The theories of the classical school, which dominated economic thinking in Great Britain until about 1870, focused on economic growth and economic freedom, stressing laissez-faire ideas and free competition. ”
www.britannica.com/EBchecked/topic/120200/classical-economics
The link below is to the National Film Board of Canada, and the films available there that describe some of the impact of the recession on Canada. This for those interested in learning more about this fair country.
================================================
” Since December 2008, Canadians have been living through a global economic crisis of unprecedented proportions. In a thousand different ways, the impact of this historic event has been playing out in communities across the country and around the world. The crisis has resulted in hardship, job loss, stress, dislocation, but it’s also sowing the seeds for new thinking on how we organize our economy and lead our lives.
” As the country’s public producer, the National Film Board has been telling stories that reflect Canada back to Canadians for seven decades now. With GDP - Measuring the human side of the Canadian economic crisis (gdp.nfb.ca), we are launching the country’s first bilingual web documentary, a pan-Canadian project that bears witness to the far-reaching effects of the crisis in our lives and communities.
” This innovative new media project has taken shape under the direction of documentarian Hélène Choquette and her formidable team of eight field directors and eight photographers based in a range of locations. Together they have embarked on an ambitious quest to document personal stories of the worst economic crisis since the Great Depression. Drawing on extensive research, they are engaging with communities across the country, creating an interactive account of the recession as it plays out in the lives of ordinary Canadians: stories of loss and struggle, resilience and invention. Stories of strength, courage and vision. From “coast to coast to coast”, a diverse spectrum of Canadians have agreed to share their experiences
” Starting now and continuing until September 2010, these unfolding stories will appear on this site. In all, over 200 short documentaries and photo-essays, each about four minutes in length, will combine to create a mosaic of how Canadians are experiencing this crisis.
” You too can be part of this exciting interactive initiative. We welcome your participation. Post your comments and images. Join us as we use the web-documentary form to tell the collective story of a country in transition. Together let’s document this critical moment in our history.
===============================================
” ABOUT THE NFB
” Canada’s public film producer and distributor, the National Film Board of Canada creates social-issue documentaries, auteur animation, alternative drama and digital content that provide the world with a unique Canadian perspective.
” In collaboration with its international partners and co-producers, the NFB is expanding the vocabulary of 21st-century cinema and breaking new ground in form and content, through community filmmaking projects, cross-platform media, interactive cinema, stereoscopic animation – and more.
” Since the NFB’s founding in 1939, it has created over 13,000 productions and won over 5,000 awards, including 12 Oscars and more than 90 Genies.
” In 2009, the works of NFB animation pioneer Norman McLaren were added to UNESCO’s Memory of the World Registry. The NFB’s new website features over 1,000 productions online – visit NFB.ca, and start watching. ”
If so, ouch.
Anyone think Sinclair’s target of $1650 will be met by next January or is he relieved that he couldn’t make the million dollar bet?
says the IRS is going to regulate the collection of medical premiums from those that can’t or don’t want to pay.They can grab any tax refunds you got coming.they can grab your unemployment check,even your Soc Sec check if it remains unpaid when you retire .They can garnish wages and basicly put you into involentary Servitude…Slavery and this from a Black President !
With all those rights, what do I need a job for?
I’ve just read the last day and a half’s posts 
.
I also saw this;
-> Posted by Fullgoldcrown @ 20:26 pm on March 19, 2010
…There is NOTHING I would like better than to Be At the Next Aussie Meeting and Meet that gang…..They are a great bunch.. they .have made lifetime friends from those meetings…and very smart guys and gals…who probably know how to party !
….We can argue Inflation Deflation…I have come to the middle…Hyperindeflation….but who really knows as Grin likes to say !
————————————————————————————————————————————
Our get togethers like yours are magic. Just let us know when you’re coming Down Under and you can see for yourself .
Ahhww jees I know your feelings on that issue….and I respect them…you know everyone and they know you…. you help everyone you can yer roots run deep…I don’t know either….but I am throwin some leather..let us see what happens …..
For me, home is home………….
You forgot one item in the sequence….getting right …then sitting tight…..one must move about to get right ..then sit…
or am I missing the point…
“It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!”
Fully …a good look at #4 on Will Rodgers list…that is the key for us……
