Cynicism or realism, hope or action

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The most highly esteemed world-leader, the benevolent, the all-wise Obama gave a speech on July 10, 2014 in Austin Texas—a national stronghold of conservative ideology. The things he said were quite revealing about the state of our nation and the world. Unfortunately, what he said was founded on highly debatable “facts” and structured in a way to inflate the size of what few legitimate claims he made, while glossing over the real problems we face. The speech can be read as what we in the field of rhetoric call an “apologia”—a speech in defense of one’s character or actions. Why not take a closer look (if you can stomach it) and see what Obama really said. I suspect it will harden your resolve to continue preparing your life and family for the new economy, as it has mine.

Obama’s lead speechwriter, Jon Favereau, is 33 years old and has worked as a professional right out of college since the Kerry campaign in 2004. He majored in political science and sociology—fields that help him understand and gain the explicit trust of the “community organizer” for whom he works.  You don’t find many conservatives in America’s colleges, and they are even rarer in poly-sci and sociology departments. I can safely presume he received the best liberal education one can get. But in addition to a good education, this guy has a “gift.” Students who “get it” excel at this part and go on to careers in public relations, advertising, journalism and sometimes even speechwriting. There is a “knack” as Plato called it that cannot be taught. But it can be fully developed through study and practice. Favereau seems to have it all going for him. And in Obama, he has a mouthpiece who is articulate, has a golden voice, is comfortable before crowds, and “appears” to put his real personality out on display for his audience. A speechwriter couldn’t ask for a better teleprompter reader.

In recent years, Obama’s popularity rating has plummeted as voices across the country criticize his decisions. Obama must do something to stem this downward trajectory in his public image and perception. His legacy needs it, Hillary needs it.  The democrats need it if they want any chance at beating the Republicans in the fast approaching 2016 campaign. So Obama needs to address the criticism.

Obama’s team chose to deliver this particular speech in heart of conservative country (rather than in New Mexico or some other border state), a salient site of the latest controversy. Even the media journalists notice that he focused on the economy and hardly mentioned the immigration controversy. But that is because he has bigger problems than immigration.

Every aspect of the location for this speech, the stage and the way he appeared was carefully scripted. His sleeves are rolled up in his typical attempt to connect with working people (with common folks behind him--backing him)—his shirt a light shade of blue (blue-collar). He referred to his own economic struggles of the past in an apparent fabrication. The Obamas married in 1992 after both had received law degrees and after he was employed teaching at the U of Chicago. From that point, his career has been on the fast track. The facts suggest that the Obamas have been part of the higher classes since their marriage—not the struggling working class. To connect with this audeince, he delivers teleprompted colloquial phrases like “me and Michelle” and “working their tail off” with a natural ease that belies his elite background.

Favreau’s puppet opens the speech by establishing his talking points as being called forth by the American public and not from his own agenda. This is simply another tactic.  He cites the multiple thousands of letters her receives, no doubt, even admitting that half of them are negative. Then he selects a “representative sample” to present to the audience: a single letter from a young woman, Ms Kinsey, who tells a story of her productive hardworking family, bashed by Bush era economic problems that brought hardship and career change. Obama identifies with the Kinseys. Says that their struggles have been the struggles of his own family. Riiiiiggghhhhttt.

The use of the “selected example tactic” is difficult to challenge. It is a real story from real people. You cannot refute its verity. The Kinsey story is moving. Told by their daughter, it engages the audience emotions, bringing the problem near to the heart, eliciting compassion. The fallacy lies in its “representativeness” of the mainstream of US citizens. But who wants mention sampling errors at a time like this and demean their hardship. But they only represent themselves and their letter probably falls in the 2nd or 3rd standard deviation of “success levels of people who worked hard.” In other words, Obama builds a general case on the outlier example. This is an argument fallacy. As we all know, the use of emotional proofs weighs heavily on the scale of decision, usually outweighing facts and rational argument.

Favereau knows the difference between fallacious and valid argumentation. His selective use of evidence indicates his willingness to employ sophism. Then these letters, of which he only refers to one, contain the concealed thesis of his speech—Obama will talk about the economy.

From this point, Obama parrots all the “official statistics” regarding the economy, not looking deeper but taking them at face value:

  • 10 million new jobs—never mind that a majority are part time
  • Housing is rebounding—never mind that too many of these sales are to investors.
  • Auto industry is booming—thanks to channel stuffing
  • Manufacturing jobs are increasing—note the graph below and find the silver lining. Since the late 90s the US has lost 6 million jobs, and only recovered 8% of them since 2008.
  • Unemployment rate the lowest since 2008—never mind that the labor participation rate is falling—many thanks to the hard work of the statisticians at the BLS.

To keep his feet on reasonable ground, he is forced to admit that things are tough. Yet that difficulty for people is always framed within an overall optimistic outlook. In the next section he argues (fallaciously) that the US economy is recovering, concluding that “Americans bounce back.” From there he touts the emerging successes made with his oversight.

  • He claims we produce more oil than we buy, but includes natural gas as a component of energy to claim we produce more than any other nation in the world. If the numbers with a gas inclusion were not high enough, he could have included corn-based ethanol. One way or another, he was determined to make that energy claim.
  • He takes credit for the subsidized industries of wind and solar energy, yet these subtract from the production of nuclear and coal electric generation.
  • Graduation rates are at record highs because of a dumbing down of the requirements and record enrollments due to the poor economy. Hardly something one wants to take credit for—unless you don’t look under the hood.
  • He mentions the Affordable health Care Act (a rhetorical title if ever I heard one) and defends it with a hypothetical outlier case once again: “They won’t go broke just because they get sick.” Never mind that this is socialistic medicine, paid for by those who do work.
  • Obama’s claim that the deficit has been reduced to half is based on CBO prediction, not actual numbers. It is still higher than any time in history except his first four years in office, and the prediction has been achieved by tax hikes and artificially low interest rates from the FED. Though the claim may be technically true, a glance under the surface nullifies any notion that the economy is better.
  • Then he exemplifies “world class education” as a technical certificate granted by a community college to open a door to factory a job.  One can only shake their head in response.

The case that Obama offers his audience is based on positively framed, superficial statistics, vaguely generalized, with linguistic devices, to suggest it applies to a majority of Americans, though it is based on the story of only one family or the selected examples he typically uses in a speech. From here Obama attacks the republicans as being the real impediment to progress. He heaps blame upon them—in essence, “attacking his accuser”—an old stand-by tactic for the apologia speech. If you can cast blame for problems on another with any legitimacy, your own character and actions don’t look so bad.

So, in defense of himself Obama blames all problems on the Republicans. He argues that the US economy is better today—that he has overseen the “recovery” of the economy since 2008. He next argues that the economy would be stronger if not for those damned republicans who thwart all his plans and actions. From an uninformed sheep’s perspective, this could be taken as true, though all know the current issues are much more complex than bifurcated partisan politics. Finally, to deflect recent criticism of his prolific use of Executive Orders he says, “I will try to make something happen to help working Americans!” He was forced into all the EOs by … you guessed it, those damned Republicans who won’t do anything to help. It is all up to “lonely” Obama, the advocate of the working class, your friend cause he is just like you.

After lambasting the other party, Obama launches into a hopeful vision of the future—a vision nobody could criticize, yet one that will be difficult to achieve. He suggests that America could achieve that vision if they’ll simply let go of their cynicism and embrace hope. Wow! I didn’t know it was that easy! He divides issues into a bifurcated choice between good and bad, using that phrasing to structure his actions, implying that Republicans are bad.

To climax the speech, Obama presents the false dichotomy of cynicism vs hope. Painting anyone who disagrees with him as a cynic, he goes to work:

“America is making progress, despite what the cynics say.  … Cynicism is popular these days.  It’s what passes off as wisdom  …  Cynicism is a choice  …Hope is a better choice.”

The fallacy in this section resides in his error in calling the other a cynic. Am I a cynic to look under the hood and see the real problems this nation faces? Am I a cynic to question bald face claims? I thought that was called critical thinking.  No, I am a realist, a realist who wants to have hope for the future, but is over-burdened by incompetent and deceptive politicians—politicians who paint rosy views of the future based on flawed statistical methods, politicians who exaggerate truth they like and bury truth they do not, and politicians who take their orders from corporate oligarchical powers on the vast majority of public issues.

I am no cynic. Rather than putting my hope in Obama, I am taking action, buckling my seat belt for the derailment of this train, and setting aside what I will need to start over helping to build a community for the future.

Normally, I agree that hope is a better choice. But hope cannot be founded in wishful thinking and massaged economic statistics. It must come from reality. Read the economic news. Look under the hood of the BLS reports to see the actual data. Notice the revisions as they are released. Are these stats and indicators hopeful? Recognize that the initial numbers at the surface level support Obama’s claims, but a quick analysis tells a different story. Notice how the media ignores the “bad economic news” and broadly covers the fabricated good news. If the only news they have is bad, they frame it best they can and present it as “hopeful.”

When the leader of our nation stoops to falsifying economic statistics, blame-shifting, employing argument fallacies, cherry-picking emotional stories, and then bashing any who disagree with him (damned cynics anyway), then I take note. A world leader should never have to resort to such low tactics. It strengthens my resolve to be ready for what comes.

Humans need hope. But hope founded in fantasy leads to disaster. We need hope, but it must be hope in the right dream. Let us dream for a better world after the central bankers and their lapdog politicians have been swept from power in a non-violent grass roots revolution. The mighty must fall from their towers, be exposed, and not allowed to slink off to a safe haven to start rebuilding their plots. The right dream has to survive the economic chaos they have created, emerge on the other side with what we need to rebuild our communities. We who stack and prepare will survive and come through, but we must also come through with a will to rebuild, possessing practical skills we can teach others. The economy cannot be rebuilt by uneducated, skill-less, former welfare slugs. If basic farm labor is all these people can do, then they’ll dig potatoes if they want to eat. But we will need people skilled in trades, teachers, entrepreneurs, merchants, leaders. All these positions require some form of education, whether it is from a trade school, a college, or mentoring from our elders.

Make learning part of your prepping. Develop your skills as much as you can now. We will need them. Three things will save us in the future: faith in God, some gold, and your gift to others as we rebuild. That is where we must place our hope.

113 Comments

metalsbyamile's picture

In for the read

and 1st too notice a new work posted. Will now read what looks to be a great article.

Interesting and thought provoking article Dr Jerome. I personally try to stay away from politics in USA as i now reside far far away from "The Homeland", but after reading your article i wonder if Obama for got to mention  a few other statistics.

he  odds of winning the Florida lottery are 1 in 22,957,480.

The  odds of winning the Powerball is 1 in 175,223,510.

The odds  of winning Mega Millions is 1 in 258,890,850.

The odds of a  disk drive failing in any given month are roughly one in  36.
  
The  odds of two different drives failing in the same month are roughly  one in 36 squared, or 1 in about 1,300.
  
 The  odds of three drives failing in the same month is 36 cubed or 1 in  46,656.

The odds of seven different drives failing in the  same month (like what happened at the IRS when they received a  letter asking about emails targeting conservative and pro Israeli  groups) is 37 to the 7th power = 1 in 78,664,164,096. (that's over  78 Billion)
  
In  other words, the odds are greater that you will win the Florida  Lottery 342 times than having those seven IRS hard drives crashing  in the same month.

Spartacus Rex's picture

Not My Fault Either!

So...whose fault is it?

Spartacus Rex's picture

I should retrain for manufacturing...

MOPE! But then I might get fat, lazy & stupid and want to retire early LOL

Cheers, S. Rex

boomer sooner's picture

The Coincidence of Barack Obama

What timing, came in my inbox today, hmmm.  Thanks Dr J for the notes, glad you listened and not me!  Someone would have called the cops on a raving lunatic driver.

If this is too long, let me know before time limit.

The Coincidence of Barack Obama

Any one of these 'coincidences' when taken singularly appear to not mean much, but when taken as a whole, a computer would blow a main circuit if you asked it to calculate the odds that they have occurred by chance alone. Sit back, get a favorite beverage, and then read and ponder the Obama-related 'coincidences' ... then super-impose the bigger picture of most recent events i.e. Fast and furious, Benghazi, the IRS scandal and the NSA revelations ... then pray for our country.

Obama just happened to know 60s far-left radical revolutionary William Ayers, whose fatherjust happenedto be Thomas Ayers, who just happenedto be a close friend of Obama’s communist mentor Frank Marshall Davis, whojust happened to work at the communist-sympathizing Chicago Defender with Vernon Jarrett, whojust happened to later become the father-in-law of Iranian-born leftist Valerie Jarrett, who Obama just happened to choose as his closest White House advisor, and who just happened to have been CEO of Habitat Company, which just happened to manage public housing in Chicago, which just happenedto get millions of dollars from the Illinois state legislature, and which just happened not to properly maintain the housing—which eventuallyjust happened to require demolition.

Valerie Jarrett also just happened to work for the city of Chicago, and just happened to hire Michelle La Vaughan Robinson (later Mrs. Obama), who just happened to have worked at the Sidley Austin law firm, where former fugitive from the FBI Bernadine Dohrn also just happened to work, and where Barack Obamajust happened to get a summer job.

Bernardine Dohrn just happened to be married to William Ayers, with whom shejust happenedto have hidden from the FBI at a San Francisco marina, along with Donald Warden, who just happened to change his name to Khalid al-Mansour, and Warden/al-Mansour just happenedto be a mentor of Black Panther Party founders Huey Newton and Bobby Seale and a close associate of Nation of Islam leader Louis Farrakhan, and al-Mansour just happened to be financial adviser to a Saudi Prince, who just happenedto donate cash to Harvard, for which Obama just happened to get a critical letter of recommendation from Percy Sutton, who just happened to have been the attorney for Malcolm X, who  just happened to know Kenyan politician Tom Mboya, who just happened to be a close friend of Barack Hussein Obama, Sr., who just happened to meet Malcolm X when he traveled to Kenya.

Obama, Sr. just happened to have his education at the University of Hawaii paid for by the Laubach Literacy Institute, which just happenedto have been supported byElizabeth Mooney Kirk, who just happened to be a friend of Malcolm X, who just happened to have been associated with the Nation of Islam, which was later headed by Louis Farrakhan, who just happens to live very close to Obama’s Chicago mansion, which also just happens to be located very close to the residence of William Ayers and Bernardine Dohrn, who just happen to have been occasional baby-sitters for Malia and Natasha Obama, whose parents just happenedto have no concern exposing their daughters to bomb-making communists.

After attending Occidental College and Columbia University, where he just happened to have foreign Muslim roommates, Obama moved to Chicago to work for the Industrial Areas Foundation, an organization that just happenedto have been founded by Marxist and radical agitator Saul “the Red” Alinsky, author of Rules for Radicals, who just happened to be the topic of Hillary Rodham Clinton’s thesis at Wellesley College, and Obama’s $25,000 salary at IAF just happened to be funded by a grant from the Woods Fund, which was founded by the Woods family, whose Sahara Coal company just happened to provide coal to Commonwealth Edison, whose CEO just happened to be Thomas Ayers, whose son William Ayers just happened to serve on the board of the Woods Fund, along with Obama.

Obama also worked on voter registration drives in Chicago in the 1980s and just happened to work with leftist political groups like the Democratic Socialists of America (DSA) and Socialist International (SI), through which Obama met Carl Davidson, who just happenedto travel to Cuba during the Vietnam War to sabotage the U.S. war effort, and who just happened to be a former member of the SDS and a member of the Committees of Correspondence for Democracy and Socialism, which just happened to sponsor a 2002 anti-war rally at which Obama spoke, and which just happened to have been organized by Marilyn Katz, a former SDS activist and later public relations consultant who just happened to be a long-time friend of Obama’s political hatchet man, David Axelrod.

Obama joined Trinity United Church of Christ (TUCC), whose pastor was Reverend Jeremiah Wright, a fiery orator who just happened to preach Marxism and Black Liberation Theology and who delivered anti-white, anti-Jew, and anti-American sermons, which Obama just happenednever to hear because he just happened to miss church only on the days when Wright was at his “most enthusiastic,” and Obama just happened never to notice that Oprah Winfrey left the church because it was too radical, and just happened never to notice that the church gave the vile anti-Semitic Nation of Islam leader Louis Farrakhan a lifetime achievement award.

Although no one had ever heard of him at the time, Obama just happened to receive an impossible-to-believe $125,000 advance to write a book about race relations, which he just happened to fail to write while using the cash to vacation in Bali with his wife Michelle, and despite his record of non-writing he just happened to receive a second advance, for $40,000, from another publisher, and he eventually completed a manuscript called DreamsFrom My Father, which just happened to strongly reflect the writing style of William Ayers, who just happened to trample on an American flag for the cover photograph of the popular Chicago magazine, which Obama just happenednever to see even though it appeared on newsstands throughout the city.

Obama was hired by the law firm Miner, Banhill and Galland, which just happened to specialize in negotiating state government contracts to develop low-income housing, and which just happened to deal with now-imprisoned Tony Rezko and his firm Rezar, and with slumlord Valerie Jarrett, and the law firm’s Judson Minerjust happened to have been a classmate of Bernardine Dohrn, wife of William Ayers.
In 1994 Obama represented ACORN and another plaintiff in a lawsuit against Citibank for denying mortgages to blacks (Buycks-Roberson v. Citibank Federal Savings Bank), and the lawsuit just happened to result in banks being blackmailed into approving subprime loans for poor credit risks, a trend which just happened to spread nationwide, and which just happened to lead to the collapse of the housing bubble, whichjust happened to help Obama defeat John McCain in the 2008 presidential election.

In 1996 Obama ran for the Illinois State Senate and joined the “New Party,” which just happenedto promote Marxism, and Obama was supported by Dr. Quentin Yong, a socialist who just happened to support a government takeover of the health care system.

In late 1999 Obama purportedly engaged in homosexual activities and cocaine-snorting in the back of a limousine with a man named Larry Sinclair, who claims he was contacted in late 2007 by Donald Young, who just happened to be the gay choir director of Obama’s Chicago church and who shared information with Sinclair about Obama, and Young  just happened to be murdered on December 23, 2007, just weeks after Larry Bland, another gay member of the church, just happened to be murdered, and both murders just happened to have never been solved. In 2008 Sinclair held a press conference to discuss his claims, and just happened to be arrested immediately after the event, based on a warrant issued by Delaware Attorney General Beau Biden, whojust happens to be the son of Joe Biden.

In 2003 Obama and his wife attended a dinner in honor of Rashid Khalidi, who just happened to be a former PLO operative, harsh critic of Israel, and advocate of Palestinian rights, and who Obama claims he does not know, even though the Obamas just happened to have dined more than once at the home of Khalidi and his wife, Mona, and just happened to have used them as occasional baby-sitters. Obama reportedly praised Khalidi at the decidedly anti-Semitic event, which William Ayersjust happened to also attend, and the event Obama pretends he never attended was sponsored by the Arab American Action Network, to which Obama just happenedto have funneled cash while serving on the board of the Woods Fund with William Ayers, and one speaker at the dinner remarked that if Palestinians cannot secure a return of their land, Israel “will never see a day of peace,” and entertainment at the dinner included a Muslim children’s dance whose performances just happened to include simulated beheadings with fake swords, and stomping on American, Israeli, and British flags, and Obama allegedly told the audience that “Israel has no God-given right to occupy Palestine” and there has been “genocide against the Palestinian people by (the) Israelis,” and the Los Angeles Times has a videotape of the event but just happens to refuse to make it public.

In the 2004 Illinois Democrat primary race for the U.S. Senate, front-runner Blair Hull just happened to be forced out of the race after David Axelrod just happened to manage to get Hull’s sealed divorce records unsealed, whichjust happened to enable Obama to win the primary, so he could face popular Republican Jack Ryan, whose sealed child custody records from his divorce just happened to become unsealed, forcing Ryan to withdraw from the race, which just happened to enable the unqualified Obama to waltz into the U.S. Senate, where, after a mere 143 days of work, he just happened to decide he was qualified to run for President of the United States.

“Tolerance is the last virtue of a dying society.”

Aristotle

Spartacus Rex's picture

@ boomer sooner NOT FAIR AT ALL!

It's Monday Night for crying out loud!

"Favorite beverages" must wait until the weekend!!!

Cheers, S. Rex

Karankawa's picture

Growing Your Own Food is like Printing Your Own money.

Great article, how long do people need to read facts like this to wake up?

I'm a seller of PM's these days on occasion, but only to buy infastructutre to produce more of my own food, for me and to save for my neighbors that are starting to wake up.

Spartacus Rex's picture

@ Karankawa

The MINUTE you figure out how to "fractionally reserve" producing Food, You will be a Gazillionaire!

Seriously buy a vowel, or get a clue.

In the meantime, keep producing your own food, It just might save your life.

Cheers, S. Rex

Karankawa's picture

@ Spartacus Rex

The MINUTE you figure out how to "fractionally reserve" producing Food, You will be a Gazillionaire!

DUH!

You and I BOTH know how it's been done.  And they ARE Gazillionaires!  LOL

The real revolution happens at the indivudual level.  Between the ears, one yard at a time.

I no longer follow charts or even pay attention to the news like I once did.  That said, I did a LOT of research to feel comfortable with my decisions.  I wish the video I posted was mine but it's not, but I am working to provide food and example to my neighbors and want to get to where he is.  And I'm not going to use one damn thing sold by the globalists to destroy it.

Spartacus Rex's picture

@ Karankawa

KUDOS

Nevertheless, it is way easier to "print" than 'produce' whether it be currency, or CARROTS!

Capiche?

Choose your words carefully, that you may Say what you actually Mean, and thus Mean what you actually Say.

Cheers, S. Rex

Spartacus Rex's picture

Koos Jansen:

Chinese Gold Demand 973 MT YTD, Copper In Backwardation At SHFE

http://www.ingoldwetrust.ch/chinese-gold-demand-973-mt-ytd-copper-in-backwardation-at-shfe

Spartacus Rex's picture

1000 Hat Tips Sir...

WAKE THE HELL UP AMERICA!

To Steve: tiphatsmiley.giftiphatsmiley.giftiphatsmiley.giftiphatsmiley.giftiphatsmiley.gif

Filed in Mining, Precious Metals by SRSrocco on July 13, 2014

In the first four months of the year, the U.S. exported more gold to Hong Kong than it produced from its domestic mining industry.  Actually, gold shipments to Hong Kong were 29% higher than total mine supply from Jan-Apr.  That’s a pretty big deal when we consider U.S. gold production ranks third in the world.

In order to cut costs, many gold producers resorted to “high-grading” their mines.  This has a benefit of increased profit margins at the expense of lower production.  If we look at the chart below, we can see that U.S. gold production declined 5% in the first four months of the year from 72.7 metric tons (mt) in 2013, to 69.1 mt this year.

U.S. Domestic Gold Mine Supply JAN-APR 2014

Year to date production declined the most in percentage terms from Alaska at 9%, followed by Nevada at 5% and the other states at 2.5%.  Even though Alaska stated the highest percentage decline, Nevada suffered the largest drop in overall production.

Nevada’s gold production fell 2.5 mt from 53.3 mt Jan-Apr 2013, to 50.8 mt this year.  Total U.S. gold production declined 3.6 mt during the first four months of the year.

Compare that to the total U.S. gold exports to Hong Kong.  From Jan-Apr, the U.S. exported 89.5 mt of gold to Hong Kong and 56.2 mt to Switzerland:

Total U.S. Gold Exports JAN-APR 2014

Even though total U.S. gold exports are down 35% compared to last year (due to the orchestrated take-down), shipments to Hong Kong are up 27% or 20 mt compared to the same period last year.

Furthermore, the U.S. exported 20.4 mt more gold to Hong Kong (89.5 mt) than its domestic mine supply of 69.1 mt.

The next table details the break-down in U.S. gold exports:

Total U.S. Gold Exports TABLE JAN-APR 2014

Here we can see that Hong Kong received more U.S. gold than Switzerland in three of the four months.  The United Kingdom came in at third with a total of 11.2 mt, followed by the U.A.E – 6.2 mt, Australia and India at 6.2 mt, Thailand at 4 mt, and other countries with a total of 5.9 mt.

Again, even though overall U.S. gold shipments are down 35% compared to the same period last year, exports are still quite strong.  I would imagine as the global financial markets continue to disintegrate, we will see and increase in these gold exports.

http://srsroccoreport.com/u-s-exports-more-gold-to-hong-kong-than-it-produces-from-its-mines/u-s-exports-more-gold-to-hong-kong-than-it-produces-from-its-mines/#comment-13051

Karankawa's picture

FU Spartacus ;)

"Choose your words carefully, that you may Say what you actually Mean, and thus Mean what you actually Say."

I figure that everyone on this board knows how printed money steals REAL production.  That said, thanks for pointing it out to those that might be new to the scam.

Meanwhile, I need to do one last check on the rabbits, the quail, the incubator and the brooder.  And perhaps a look through at the garden.  I haven't found any pests lately but it is a nice night to be out.

See you folks later.

Dr Jerome's picture

This seems big...

From our good friends at ZH

Anti-Dollar Alliance Prepares Launch Of BRICS Bank

Submitted by Tyler Durden on 07/14/2014 - 22:58

Three months ago we discussed in detail the growing anti-dollar hegemony alliances that were building across the BRICS countries (Brazil, Russia, India, China and South Africa). Their efforts at the time, tocreate a structure that would serve as an alternative to the IMF and the World Bank (which are dominated by the U.S. and the EU), appear to be nearing completion.

Edit: Karankawa, We want to see pictures!

Spartacus Rex's picture

@ Karankawa / "Fidelis Unum" Spartacus : )

angel

BTW, Did you Build or Buy the incubator?

Still waiting for an answer.

Cheers, S. Rex

Spartacus Rex's picture

@ Dr. J

How big are you painting those Arrows on the ground?

With atarangi on vacation; Bollocks in the Shop for new circuitry, and you making sure I do not miss where to make a deposit, I am suddenly becoming a high profile target to No Such Agency, no matter how many I turdites I can persuade to put me on "Ignore"

WTH is going on here?

Cheers, S. Rex

Dr Jerome's picture

The arrows

They must be large enough to see via satellite!

NSA--no such agency. I like that one.

Spartacus Rex's picture

@ Dr. J. No Satellite Application

More often then not a Cessna, and occasionally a Gulf Stream.

BTW, have you ever purchased any of your properties using Honest, Lawful Money (U.S. Gold or Silver Coin/ "$") thus saving Beau Coup Fiat in Property Taxes?

If Not, WHY Not?

Cheers, S. Rex

Dr Jerome's picture

property with real money?

Hmmm...

Interesting idea Sparticus. No I have not.

If I purchased a property with $1000 silver eagles, face value of $1 US each, then does the county government have to honor that price as "fair value" in its tax calculation? We have challenged tax valuations successfully and they do usually honor the selling price as fair market value.

A private party seller might accept such an offer.

Also, can I ask my renters to pay rent in silver eagles, thus claiming the income as, lets say, $20 ASE instead of $400 fiat?

J

judejin's picture

profiles of two heads of shanghai supreme court 50 years apart

Dr. guo yunguan was head of shanghai supreme court before 1949(the year when communist party took power) held law degrees from columbia and harvard. Dr. guo sympathized with the communist party and refused to retreat to taiwan with Jiang Kaishik. but he was prosecuted by the communist party for serving the Jiang Kaishik reactionary regime and died in misery in 1961. in 1985, the party corrected the mistaked ruling on him. may his soul rest in peace in heaven!

fast forward to today,  cui yadong,  joined military at age 15, retired from military service at 20 and became a policeman in a backwater rural county thousands of miles away from shanghai, rose thru the ranks and appointed to be head of shanghai supreme court in 2013 and automatically became a chief judge. but he doesn't have a law degree.

presiden xi is sending into jails corrupt officials almost everyday now to inspire confidence, yeah, my ass. 

my dear american ppl, fight hard against tyranny in america. you still have a much higher chance than the chinese.

expose the fraud, the lie, the deceit and fight back. if you tolerate and give in one inch, they'll advance one mile.

god bless us all!

Spartacus Rex's picture

@ Dr. J "Interesting idea"

Seriously Dr. 

ROTFLMAO post-6001-0-28986000-1395519968.gif

There used to be a time not long ago in this Union Republic, when such was an everyday occurrence.

BTW: Where were you in July 1965?

And FYI, "Silver Eagles" are BULLION and NOT Lawful Money U.S. Dollars, even though such are considered "Legal Tender" just as are the counterfeited fiat FRN IOUs.

I am guessing you actually earned your PhD, and thus have the cognitive skills necessary to spot the difference. 

Can you figure out why the U.S. Mint is compelled by Law to report the "Statutory Value" of its Gold & Silver Stocks in actual U.S. Dollar Terms?

Ergo why ALL actual U.S. Dollars contain precisely .77344 Ounces of Pure Silver?

Cheers, S. Rex

Stratajema's picture

Has the civil war in the

Has the civil war in the Ukraine created World War 3 yet and caused a rush into PMs?  Who were those people telling us that nonsense?  How are they any different than the lying politicians?

Spartacus Rex's picture

@ judejin

Do you know who Captain John Birch (U.S. Army) was, and why he was assassinated by the Communists?

Do you know who bankrolled the Communist ("agrarian land reformers") Chinese?

Cheers, S. Rex

Spartacus Rex's picture

@ Stratajema LOL

Why does PORK feed on Garbage? LMAO

Cheers, S. Rex

atarangi's picture

Rex just asked me to post this and take the rap!

Why do men fart more than women?

Because women can't shut up long enough to build up the required pressure.

Spartacus Rex's picture

@atarangi LOL When Batman Farts...

17710900.jpg

atarangi's picture

Rex said all is forgiven - just post this

What's worse than a Male Chauvinist Pig?

A woman who won't do what she's told!

Spartacus Rex's picture

atarangi ~ Fairer Sex Jokes...

Planning on Sleeping in the Barn again tonight are you?

Cheers, S. Rex

judejin's picture

@spartacus rex

you probably should know by now that most ppl who visit tfmetals also visit the dungeon sites you smartass go to.

so, please, just state clearly your smartass points!

ok, so we have equal chance, or you guys have a tougher battle because the real big big boss is in your backyard!

i state that american ppl have better chance because i believe the american ppl are better qualified and equipped to fight against the tyranny, as clearly demonstrated by the "ranch" standoff.

in china, a standoff like that, won't happen in my lifetime, will get crushed before it can become news.

Spartacus Rex's picture

@ judejin~"dungeon sites"? Very Clever Dragon!

News to me, so bring me up to speed.

BTW, Why do you play as if the chinese people are soft?

h5C3FFA4A

Cheers, S. Rex

judejin's picture

@spartacus rex

in the ranch standoff, the ppl won.

in tiananmen, the ppl(funded by western money though) lost.

there's very little justice/fair play in a lot of chinese's blood because the nation never had a fair court system. while you smartass grow up believing in that, although disillusioned very much in the last decade.

it is well known fact in china that mafia and police are one family.

so when i see a policeman rising to become head of supreme court and it is not an one-off case,  i know this is a very serious problem.

don't fight me for fight's sake, please!

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