Constitutional Deception

Thursday, June 28, 2012 at 11:50 am

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.

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Comments

Silver lining w Nick Gillespie

Submitted by Kuchek on June 28, 2012 - 1:26pm.

EVERYONE PLEASE READ

Submitted by Turd Ferguson on June 28, 2012 - 1:29pm.

MODERATOR

IF SILVER TEMPORARILY BREAKS DOWN HERE AND GOLD GOES WITH IT, BE PREPARED TO SEE A LOT OF THIS TYPE OF BULLSHIT. NOT ONLY ON THIS SITE BUT EVERYWHERE.

Response to: Bury your metals

@IRB

Submitted by California Lawyer on June 28, 2012 - 1:30pm.

Speaking on memory here, but I believe that Obamacare was launched in both houses of congress, by Nancy Pelosi in the house, and by Reid in the senate. I do not know all of those details, but SCOTUS upheld the taxing power of the fed govt, so any infirmity was either not present, or deemed immaterial [kind of like "harmless error" in criminal cases].

Bottom line: Justice Roberts acted exactly as a conservative justice WOULD act. He stayed within the confines of the actual constitutional jurisprudence.

That is partly why I am so frustrated about this.

When SCOTUS COULD HAVE issued the death blow to continual fed govt expansion and intrusion, the conservative justice authoring the opinion turned left and stopped short of taking away federal power. DAMN!

The liberals are the ones who push and expand. Think Roe v Wade, and the "right of privacy." While the "right of privacy" is nowhere to be found in the constitution, somehow, the left found one. The conservatives, on the other hand, follow the constitution, and let individuals have freedoms without govt intrusions.

So, the tax bill origination issue, is, basically dead.

Homerj

Submitted by Number 47 on June 28, 2012 - 1:30pm.

Good advice if you're in it to make money.

If, however, you are like me and believe something big and fucking nasty this way comes. Keep stacking. Violence seems to be just over the horizon.

re Agreed

Submitted by hsofiak on June 28, 2012 - 1:30pm.

Canadian health care differs from province to province (note that the health care cards are issued by the province). One cannot simply move from one province to the other and expect the same health care coverage. Travel health insurance can be beneficial if traveling to another province. My bet is that most Canadians are not aware of these aspects of our "universal" health care. Also, if you move to another province you do not immediately qualify for that provinces health care.

@ HomerJ re: Bury Your Metals

Submitted by John Galt on June 28, 2012 - 1:33pm.

That's a great idea, HomerJ.

I'll cash out of PMs and invest in some pumpkin futures instead.

Maybe I'll cash them in right after Halloween too....there should be big demand for pumpkins right after the US elections.

/sarc off/

You don't get it - Obamacare is all about control.

Submitted by Bugzy on June 28, 2012 - 1:33pm.

The Canadian health care system is 100% controlled. If "they" decide you do not need treatment then you get NO treatment, period!

If you want to then say, oh um, well I really really need help - maybe I will pay for my own treatment. Ermmm no - not in Canada.

Take Lyme Disease - there is only officially 8 cases per year in BC. There are thousands of BC residents who have to go to the US to pay for their own treatment. Yet the Canada health system still extracts taxes from these people to pay for health care that they are then refused. Many have had to sell their homes etc. Maybe you can opt out - no way - you do not pay your taxes you go to jail - and then die!

At least in the US if one has the money one can pay for treatment. (the problem is with corruption and liable and shit, which puts up prices).

No, I think Obamacare is all about increasing totalitarian control over the people. Everyone gets to pay up front and then they will decide if you get cut off or not. You want to rebel against the system? No health care for you. You want to opt out - you got to jail.

The noose is tightening - the sheeple are bleating for more control to fix "the problem"

Just my take on stuff.

Doh!

Submitted by ClinkinKY on June 28, 2012 - 1:33pm.

Bury your metals

Submitted by HomerJ on June 28, 2012 - 1:26pm

Gold and silver are dead plays. No conspiracy, nothing, just the way it is.

Time for you folks to accept it and move to something else that will make you money.

---------------------------------------------------------

What? Maybe start a Health Care Company?

Turd Eoro Shit Coming

Submitted by indosil on June 28, 2012 - 1:34pm.

Turd...what if Eurozone Disintegrates ??Will Silver break the $22 barrier as well...that will be a huge catastrophy & morale breaker

@LOUP

Submitted by Dagney Taggart on June 28, 2012 - 1:34pm.

Americans don't fight Americans. The productive run away from the parasitic looters.

Gold as Tier 1 asset

Submitted by withoutwax on June 28, 2012 - 1:35pm.

I've just seen this post of the SilverDoctor's website:

'UglyDog May 31, 2012 at 3:55 PM Don't be too quick to label this as bullish for gold. I expect that we're not talking about physical gold in the banks sole possession. We may see banks doubling down on their gold hypothecation strategies, thus keeping a lid on rising gold prices.'

Any thoughts, Turdites?

@Dag

Submitted by Bongo Jim on June 28, 2012 - 1:42pm.

Yes Hun, luck is needed. First, you have to vociferously proclaim the reservation of your rights on everything you sign. Second the judge has to acknowledge that you've done this. Third you have to make sure the judge knows that you know what UCC 1-308 means. Forth, if the judge has actually let it go this far, the judge agrees with you, he doesn't have to agree. So good luck.

acm

Submitted by single6 on June 28, 2012 - 1:42pm.

It does not matter even if obama care was completly overturned, Roberts gave presidence now to taxation.....that will be the long term problem with todays vote

Obamacare: Over the Top Hysterics

Submitted by LifeIsPain on June 28, 2012 - 1:43pm.

Obamacare does not signal the end of our Freedom and some some major Consitutional crisis. Take a breath and stop the hysterics. You know what was worse? Cheney and Bush starting an unnecessary war in Iraq and Cheney's treasonous act of uncovering Valerie Plame's identity (to name just two horrific acts). I doubt Obama intended his health care plan as a tax--just because one Supreme Court Justice labeled it as such (much to the surprise of everyone) does not make Obama a liar.

Last Year Friday July 1st

Submitted by Beastly Stack on June 28, 2012 - 1:48pm.

Gold got smashed below 1500$ and closed pretty close to the lows around 1488-.I Bought that day and closed my positions bc it was such an ugly close.Starting that Monday we launched over $400 during the following 6 weeks.This seems eerily similar.

Don't let the crooks scare you!We all have to exercise with caution and Turd really is trying his best from past experiences.Just when you think you got this figured out they jam it the other way.DON"T get fleeced.If stack'n god bless and turn the screen off,especially the tv with the idiots that just spew BS.

Patience is a virtue.

Great Job TF

Here we go

Submitted by Ned Braden on June 28, 2012 - 1:48pm.

.......

@ LifeIsPain

Submitted by rl999 on June 28, 2012 - 1:50pm.

Actually it was argued before SCOTUS as a tax, and thus the ruling reflects such.

I completely agree with everything else, obama is simply perpetuating bush's bs policies. bush also had the CoG reworked, and that has never seen the light of day. cheney...rove...rumsfield...

obama could have stopped the wars, but instead he started more. he could have stopped the financial shenanigans, but instead he started more.

healthcare

Submitted by realitybiter on June 28, 2012 - 1:50pm.

The problem is the insurance created friction.

The whole system is dysfunctional.

In the last year I had to get the insurance company to code my kids broken arm as and accident, not "elective medical procedure."

They will pay for me to have my skin examined for cancerous moles, however, if they need biopsy, this is not covered as this is elective surgery. ok. I have not found any insurance which is different.

It is f'd up.

I have told them that they can pay for the $2 or 3 million brain cancer when the mole they didn't want tested metastasizes. Surely, not worth testing that stuff.

All this for 10 grand a year. I have changed insurance companies so many times it is a joke. I have NEVER had any expensive procedures. My birthing 50 years ago cost $150. I had one mole taken off in outpatient procedure that was melanoma...cost about $800.

It just makes you sick. This Obamacare is just a gigantic legal platitude, giving the masses the feel of help when really they are just getting screwed. Kinda like all those charts showing low unemployment if they rammed through the bank bailout. Hows that 50 million on food stamps treating you? Fear not, Jamie Dimon is brilliant.

Dead play metals

Submitted by watchingdogma on June 28, 2012 - 1:51pm.

I don't know what these people are looking at - when I look at my PM balance sheet - I'm still up 250% on a buy and hold strategy. In 2010, AG was up 89%, 2009 48%. AG got ahead of itself in 2011 and was up almost another 100% before the smack down. But if you bought Jan 1, 2010 - you're still up huge.

One thing I started doing years ago is comparing a Buy and Hold strategy between the DOW and AG. Right now, at these lows, if you bought AG on the first of the year, you beat out someone buying the DOW for every year since 1990 except 2011 and 2012. (not counting dividends or bankrupt companies) That's 20 out of the past 22 years.

These things go in cycles - the PM cycle is not over. Real interest rates are still negative. There hasn't been a stock market final capitulation. The crooks are doing all they can to steel your buying power. The bond market is in a massive 30+ year bubble. There has been no DOW/AU cross - or even close. PMs are still undervalued.

If you need the money - do what you need to do to sleep at night. If not - just relax. When true price discovery comes - do you want to be in the stock market or in PMs? If you don't want to be in PMs, then leave - you don't need to "advise" me to save me from myself. I'm doing just fine without you.

Thanks Turd. Don't hold back - just call it like you see it.

Re: Gold as Tier 1 asset

Submitted by Endzeit on June 28, 2012 - 1:52pm.

Just my 2 ct.

The importance of this classification would be in the case of liquidity problems for banks.

Banks need a certain amount of tier 1 capital. I.e. if bonds fall (say Spanish or Italian, or in one or two years UK or US bonds...), the core capital shirnks, and the bank needs to fill the gap. So they sell assets that are not tier 1 to get tier 1 up. If Gold would be classified tier 1, then there would be less reason to sell it to raise tier 1 because it already is tier 1.

On the other hand, if banks would hold big amounts of gold, a price drop in gold would reduce their core capital and they would be forced to sell other assets - but again, not gold.

But why are they doing this now? I can find only one answer: if they raise the status of the asset, they have been hating most, then they are preparing for a future, where this asset will no longer be hated most. This step would make perfect sense, if they want to be prepared for a gold-backed money-regime.

Socialized health care...

Submitted by pforth on June 28, 2012 - 1:53pm.

As a Canadian who moved to the US for 3 years and had two daughters during that time I feel that I'm well qualified to compare and contrast the two health care systems.

When I was in the US I was working for a large firm and had the best health care plan that money could buy. When I compare the best case US private insurance scenario to Canadian "socialized" medicine, Canada wins hands down. Canadian socialized medicine is a zillion times better than living with the US system. And I'm saying this as someone who very much a libertarian in most other ways.

Let me tell you some reasons why it is better:

The US system stifles entrepreneuralism. People become chained to jobs they don't like in order to keep their healthcare instead of going out and innovating with new companies. For those who do make the jump, the cost of paying for private healthcare for a family can sometimes exceed rent or mortgage payments (Cobra cost me $1000/month 6 years ago). Even if you can afford this initially, the drain on resources can force you to abandon your new company if it takes too long to start up.
From a service point of view, it seemed pretty identical to me. Specialists and small surgeries took a couple of months to book in both countries. Canada wasn't faster, but it wasn't slower either.
The US system forces people without medical experience to make medical decisions based on purely financial reasons. My wife put off going to the doctor for 4 days because we didn't want to pay the co-pay. Turns out she had walking pneumonia. In Canada we would have never waited.
By delaying treatment for financial reasons, conditions can become much more serious and costly to treat.
On a per capita basis the Canadian system (and all the systems in Europe) cost significantly less than the US system.

Now don't get me wrong... I'm not really for Obamacare. It looks like it is mostly just a payout to the private companies that make the system so bad in the first place, that is not the same as a government run system. It is worse.

@ dag

Submitted by LOUP-GAROU on June 28, 2012 - 1:54pm.

so your saying the parasitic looters are not Americans? the looters are still Americans and anyway you look at at it foolbama is at the front of the class warfare!

Its here.

Submitted by Kcap on June 28, 2012 - 1:58pm.

This is the inflection point you will all remember, the month of July. Gold and silver won't see the July prices again for a decade or two. Close your eyes for this month. Unless of course, you have dry powder. In that case, celebrate.

See you in August, when the fun begins.

Kcap

There's an emotional aspect too...

Submitted by pforth on June 28, 2012 - 1:58pm.

There's an emotional aspect too that Americans will never understand. In the US no matter how good your plan you are never really 100% certain that it will actually cover what is wrong with you. You live with a sword a Damocles forever over your heads, knowing that if the wrong health condition happens to you or a loved one, your life savings can disappear in the blink of an eye. Canadian's have never had that negative conditioning and when exposed to it for the first time, it appears abhorrent to us (although not quite as abhorrent as the current price of silver).

London olympics

Submitted by Senseosensei on June 28, 2012 - 1:59pm.

I am listening to an item on the Alex Jones show where an English undercover journalist tells Alex that 100.000 UN troops are currently flown in to London.....Americans, Germans, others...

Apparently that journalist was able to interview an officer who stated that the troops were needed because we need to evacuate London during the olympics...not if, but when....

Un-be-lie-vable.............

Not bullshit Turd, just the

Submitted by HomerJ on June 28, 2012 - 2:02pm.

Not bullshit Turd, just the way it is.

Why be married to something when it is clearly abusing you?

@alphamorph, noverber 4, bilwilson

Submitted by bardian on June 28, 2012 - 2:02pm.

and others favoring government health care....

Health care is a scarce good just like anything else, governement intervention raises costs and consumers are priced out. Claiming Canada is better is saying you love your husband because he only beats you four times a week instead of five. Everyone should read these articles.

http://mises.org/daily/3737/Why-ObamaCare-Will-Fail-A-Reading-List

Secondly, givin the fed is "out of amo" according to the mainstream with banks hoarding cash, new money will now be filtered out to the people through government programs like Obamacare. This will release the cash flow of newly printed money and restart inflation. Health care costs are going to the moon now. I for one am happy about the decision for two reasons. One, its bullish for gold/silver, and two I'm a doctor and am about to get a big fat government check to buy silver with with all those mandated patients. The insurance companies and I will be laughing all the way to the bank. As far as quality patient care? Not in my hands.

Not obvious silver should

Submitted by ivars on June 28, 2012 - 2:03pm.

Not obvious silver should move out of exponential channel far on the downside. That would be as exceptional as 2008 case, only supported by decrease of debt. And even then, 24 seem to be already too low. Based on history, break up may come quite soon.