Constitutional Deception
Article 1. Section 7. Congress shall make any law it pleases, regardless of whether the citizens were lied to, deceived or otherwise misled into supporting its passage.
At 1:30 of the clip above, noted that The Esteemed Leader of The United States says this: "No, George. You can't just make up that language and decide that that's called a tax increase". All along, through the "debate" over The Affordable Health Care for America Act, proponents claimed that the government mandate requiring every U.S. citizen to purchase health insurance or face stiff penalties, was NOT a tax increase. It was a premium for a benefit, NOT a tax increase. In upholding and affirming the constitutionality of The Act today, The U.S. Supreme Court allowed the insurance mandate as constitutional precisely because IT IS a tax.
So, by doing so, The U.S. Supreme Court has just institutionalized and approved the license of politicians to lie, deceive and mislead their constituents in order to pass whatever legislation they desire.
The argument will now be: If these politicians did this to you, then they should be held accountable and summarily voted out of office and banned from public life. Your opportunity to affect his change will come in 131 days. Will you take it? What steps are you willing to take to make this happen?
I fear, however, that anything you and I do will matter little. America is rapidly fraying and today's ruling unravels things even further.
_______________________________________________________________________________
The metals are, of course, up against it this morning. If you haven't yet read this (http://www.tfmetalsreport.com/blog/3940/lookout) or this ( http://www.tfmetalsreport.com/blog/3963/lookout-part-ii), please do so immediately. It is looking increasingly likely that the triple bottom in silver will soon fail. IF stops below 26.25 are tripped (maybe on The Globex this afternoon), silver may rapidly descend toward 25 and then continue, over the next couple of weeks, down toward 22 in a final washout move. Please be prepared for this and do not panic if it happens.
Gold is still in its 1530-1630 range but it is, of course, subject to a breakdown, too. Be vigilant.
Hang in there and don't be surprised by anything.
TF
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Comments
eh, nice analogy, cleburn
excuse me as i'm gonna go floss now
SW Questtion
Anyone else having problems lately with Youtube (at the site or imbedded) vids and IE8/XP-SP3? I've reloaded drivers and updated everything - no luck.
SW Questtion
Anyone else having problems lately with Youtube (at the site or imbedded) vids and IE8/XP-SP3? I've reloaded drivers and updated everything - no luck.
Was the Tax concept presented in the Factum
The arguments before SCOTUS had to be presented in a Factum, and if the tax concept was part of the factum, then it must be accepted and considered by the Supremes.
Was it in the Factum?
Certainly it wasn't represented to the American people that way.
@rl999
There are 2 forum threads hitting 170 pages between them, plenty first hand info. I'm just keeping a condensed commentary on here for anyone who is interested.
@John Galt.
It's not so much that this will drag on until late next week that gets me so angry, (although it helps) It is being lied to by the corporate entity that I have to trust my money to. Why aren't they on the news explaining they are having to hire staff? (It can't be anyone else) Why are they telling us Monday when they know this to be false?
Lying to customers, excellent business practice.
Absolutely no clue why Ivars
Absolutely no clue why Ivars got any hat tips for his posted chart. He stated himself that the prices have strayed from his predictions. Why would updating them make any difference?
The methodology is broken due to a corrupted system. A chart predicting price years away (or even predicting a TREND years away) is absurd. And as always, I'm continually offended by his stating that there is currently no consumer inflation in the US.
Never were....
Those of you who so quickly lose faith in your precious metals investment weren't even worthy of holding in the first place! What a bunch of f*ck!ng typical @$$hole "i want everything now" average people. What, lemme guess, you were born after 2008? Or, lemme guess, you don't know how to look at a 5 year chart on kitco to make any observations on your own? Oh, and if you have no idea what is goin on, maybe we can start you cherries off with the "Money As Debt" series on youtube. Please, if you want to sell your stash at spot, 26 or lower, I will happily buy it and leverage the $hit out of it at a future date.
PM me.
@LOUP
I'm not sure where to begin regarding your comment.
No, they are not Americans. Just because one is born here does not make them an American. Is a person a Marine just because they enlist? No. Ask any Marine.
One must be productive and contribute to a productive United States to be an American in the world of "We, the living".
2 ozs. of free advice: Calling him "foolbama" will change nothing and is simply a means of making your ego feel better. This sounds exactly like the idiot redneck in the LCS last week. See below:
http://www.tfmetalsreport.com/comment/183419#comment-183419
I'll let you decide what you want to do about it. I don't need to care.
I agree with Homer in the
I agree with Homer in the sense that IF YOU ARE LOOKING TO MAKE MONEY OFF GOLD AND SILVER then you had better find a new hobby. Try flipping real estate.
IF YOU ARE HOLDING as a HEDGE against FUTURE problems and want to PROTECT your FAMILY then gold and silver are just the place to be.
Let it be known.
People only bother to troll when their confidence is at a peak
I've seen it before. I've seen almost everything in this gold bull. Patience, that which is unsustainable, will go away.
This is a perfect example
of what really pisses me off. You clearly didn't bother to take the time to read what I wrote. All you want to do is support your agenda by claiming I spout "GOP talking points". Screw you.
WTF!!??!! Talking points? Who feeds me talking points? And note the time that this entry was submitted. How could I have been reciting talking points so soon after the announcements?
This Will Be
the first day that silver has closed at or this close to its low at this level. It is playing out as a classic descending triangle formation just waiting to fall off the cliff. If it does it will be very interesting to see what kind of premiums I will have to pay for a 1 oz ML. The rate from 31 - 26 has run around 2.25-2.25 above spot. Gold looks slightly more promising as downside support levels still remain in the 1525 - 1535 level
Comiskey's rant
London whale loss of $9B and other stuff...
This is mostly for CA Lawyer
A c&p from another site (bold is mine):
You’re right “Through”.. I’m officially walking back my statement as I work my way through the 193 page ruling.
This might change as I’m only on page 60 so far, but this is, in it’s own way, a surprisingly conservative ruling. It did NOT expand the commerce clause and it puts Obama in the aforementioned box politically for lying about this not being a tax.
There’s some very unusual statements by Roberts in this decision, informal statements that I’ve never seen before in a ruling by the Supreme Court or any Federal court. Those statements make me think that there’s more to Roberts decision here than meets the eye.
One of the statements that caught my eye: “It is not our job to protect the people from the consequences of their political choices.”
Re-read that sentence. That is a very loaded sentence considering the scrutiny that Roberts knew would be directed at this decision.
As an aside, I would strongly encourage everyone to download and read the decision when you have the time. This is a much more nuanced event today than I was expecting based on reading the ruling.
forgot the link
where the comment came from:
http://theulstermanreport.com/2012/06/28/white-house-insider-obamacare-n...
#47
They're broke. You haven't moved your business yet? Keep us informed though, thanks.
Troll time
Wow the trolls are lighting up this site like a Christmas tree. Metals about to break the lows really brings out the amateurs trying to tell everybody they told you so. Man what a pathetic display of ignorance. Turd I apologized for them as "they know not what they do."
you tube
I understand its an adobe flash problem--
you may want to uninstall flash and get a prior one
Uh-oh
You called them on their BS catchphrase 'GOP talking points'.
Now, they'll have to call you a 'low-information voter'.
They might try to explain that you're being played by kochs to vote 'against your own interests' (as if their 'gibsmedat' politics is a virtue).
Please, TF, don't push them so far that they need to be the 'only adult in the room'.
They seem to really feel good about themselves when that happens.
@ Dyna mo hum
I have a 2 hour head start on you. Bottoms up:)
Silver Prices
Being the first of the month, I'm a little short on excess investable fiat, so thanks to the market gods for keeping the price down a little longer until I'm flush again. I'm in this deep already, so why not keep digging, especially at these prices. Hell, it may go to $4, but I'll still be buying unless Obama sends me back to re-education camp for not paying my taxes.
It's all they have.
This is a perfect example
of what really pisses me off. You clearly didn't bother to take the time to read what I wrote. All you want to do is support your agenda by claiming I spout "GOP talking points". Screw you.
WTF!!??!! Talking points? Who feeds me talking points? And note the time that this entry was submitted. How could I have been reciting talking points so soon after the announcements?
----------------------------------------------------
Ironic isn't it? Even after they "win", it's "talking points".
@TF
Don't waste your time with pitches in the dirt.
Making money off gold
There was a lot of money made for those who sold their gold in Jan 1980. There is no way to expect that won't happen again. As gold overshoots (just like many other commodities do) in its current cycle, there will be a great increase in value/purchasing power before a reversion to the mean.
BUT this time may be different and who can say what "reversion to the mean" will look like this time.
Ivars - hate to agree with Dr G, but it does seem, at the moment, that your charts have broken down big time. You were one of the last TAs I was hoping would be right, but it seems you won't be. And agreeing with Dr G again, it's because the markets are controlled. So, natural forces that TA can assess are not in operation.
If we don't see some nice upward moves by the end of summer...I'm ultra-screwed, but at least I'm not leveraged.
Bugzy and the precipice
I think we're moving away (for the moment at least) from the precipice. The true test for silver will occur overnight.
As to our continuing debate about socialized health care....
Bugzy, you're only partly correct and it is a poor example to chose for our American friends
Let's say I got bitten by a tick or I simply noticed a red, itchy spot that may be a tick bite. I can call my doctor and explain to the receptionist that I've received a suspicious tick bite (obviously, no one would call their doctor everytime they have a tick or mosquito bite). She will tell me that the doctor is booked for the day (of course), but I can come in and take a seat in the waiting room and he'll see me as soon as there's an opening (from my experience, usually less than an hour).
The doctor will examine the bite and if it does indeed, look suspicous, he'll order a blood test. BEAR IN MIND, THIS IS ALL COVERED UNDER OUR SOCIALIZED SYSTEM. In my case, the doctor doesn't draw the blood, a technician does and she sends the sample to the lab requesting a test for Lyme disease (or pick your flavour of the day).
If the test is positive for Lyme disease (and it is a different test here from there), essentially the same drugs will be prescribed regardless of which country you're in. It's a complicated infection and not easily cured.
Incidentally, you chose one area (out of thousands of other examples that one might have drawn on) to focus criticism on the Canadian system but an excellent choice if you were part of a US insurance lobby). The testing for Lyme disease in Canada is currently under review and may soon be changed to that currently in use in the US (if indeed, the US test proves superior and it appears it is).
But you're right about taxes. Like every other country in the 'free' world, you don't pay.... you lose all your stuff and could go to jail..... BUT YOU'LL STILL HAVE FULL HEALTH CARE whether in jail or out.
Looks Like a Big Cup
being formed to me. Just working on the handle right now.
silver getting some space above 26.25
not a lot but ....
so, when does Europe trigger the wire--QE or collapse? (anybody notice the fed took down thru Primary Dealers something like 52% of what was issued this week).
If we are adding to debt--is that not printing?
can't wait till debt ceiling discussions start up again
(just filling time trying to avoid compulsive trading)
CPN
so what's different this time except countries , states, banks, pensions are all out of money, even the printed variety.
I just want to know where al lthe money has landed--this is a zero sum game and someone had to make big bucks on this? If banks getting butts kicked, pension plans getting kicked, investors getting nailed, homeowners getting nailed on prices, somewhere along the line somebody is making out like a bandit.
Who is that somebody? Even out Fed has a terrible looking balance sheet.
Are Russia and China somehow the big winners
In a general sense...
...this is quite interesting.
http://droughtmonitor.unl.edu/12_week.gif
I'll also put it this way
You can either let gold float - or you can watch bitcoin gain traction. And bitcoin is all sorts of worse, if you're one of the people in charge of suppressing alternative currencies. Gold is controllable to a certain extent. Bitcoin is not.