Thanks. Here's a surprise, from the WSJ. Hard to believe that they would let time run out before they bring them up on charges <sarc>

Clock Is Ticking on Crisis Charges

By JEAN EAGLESHAM, JEANNETTE NEUMANN and REED ALBERGOTTI

Time is running out for U.S. securities regulators to file civil charges for alleged wrongdoing during the financial crisis.

Federal laws under which the Securities and Exchange Commission usually goes after alleged fraud and other misdeeds have a five-year statute of limitations. The five-year limit is causing SEC officials to race to file lawsuits in some cases and ask lawyers representing the targets of certain investigations to give the agency more time, according to people close to the investigation.

Not quite on thread here, but I'd like to see everyone, instead of referring to JP Morgan's or Goldman Sach's earnings, to substitute the terms "winnings" or "take". Much better and more realistic terms for the money they get in, and a nice reminder of just what they're doing.

I've been reading this guy's blog as it is very interesting and has some interesting point of views that have me contemplating various issues.

As I have been reviewing various acts of Congress that effected coinage and the constitutionally bi metalism, it seems that his ascertion is factually correct regarding a lone gold standard. 

Case in point the Coin Act of 1873 which eliminated free silver through the use of Greshams law.  Good money chases bad money out of the market.   It is how the elite has been able to eventually push out silver and gold as money.    The return to the gold standard created awful deflationary conditions until the end of the century because of the lack of supply, and hoarding.   If you also study the Panic of 1873, you will find that there are very similar circumstances of market conditions as exist now.   Failure of the banking system in Europe which came to the United States.  Germany and other European countries also followed suit by eliminating silver as money forcing a global depression.   And reading free market economist Milton Friedman, he seems to agree the end of bi metalism created a long depression. 

I have often wondered what exactly would happen to the economy if Ron Paul become president and he put an end to Kensyian stimulus.  I thought It would take the economy years to reach some sort of equilibrium and deflation would certainly be the order until a balance was found.    Any such transition would undoubtedly be difficult.  This is not bad but probably the reality of such a transition.  Second, I'd seriously think about dumping my gold if he became president.  For it would no longer be valued at it's investment worth but now would valued for it's monetary worth?? I've given it much thought but without inflation, why would I want to hold gold??  

Anyway, being a supporter of Ron Paul, I had to read this article a few times to understand what he was saying about the gold standard and his ascertion that he thinks that both Ron Paul and Rand Paul call for a gold standard is based on support from the elite???   It goes against everything the most of the precious metals media talks but I haven't done enough research to substantiate this ascertion to say for sure.  I could see this being true in 1873 if the elite wanted to get rid of silver but in a time when neither metal is used as legal tender, it's a bit hard to swallow but worth at least sharing it for other thoughts.  

This guy isn't an easy read especially with all his different labels for different political thought.  However, much of what I read seems reasonable, and well thought out.   I often had to research what he is saying to see if it was true.  So far haven't found any factual errors.  But if anybody finds any glaring errors in analysis, would love to hear them.   Do not read with your emotions.  he is pro-liberty and pro-metals.  Just anti-gold standard.  Pro-bi metalism as I read it.

http://libertyrevival.wordpress.com/documents/economic-conspiracy/

We learn from history that the gold standard was the currency of choice by tyrants and the currency of disaster throughout history. It was the currency of choice for the Federal Reserve when it was created in 1913 and when we entered the Great Depression. We learn that soft currencies, such as the Tally Stick, was used for hundreds of years, building the wealth of the British empire. We learn that King George favored gold. We learn that Europe was on a gold standard during the American Revolution. We learn of banking panics almost every ten years when America was on a gold standard. We learn that the Roman Empire was built with cheap money, copper and bronze coinage, and fell under expensive money, gold coinage.

If one does have the abstract thinking skills to understand monetary issues, one realizes that deflation, like inflation, is theft. One understands that the current system is not public paper, but rather a private debt paper, created and destroyed by private banks through the fractional reserve banking system. One would also understand that replacing the Federal Reserve and fractional reserve banking system with a public debt-free paper would create the need for a monetary expansion to prevent deflation that could pay off the national debt and end income taxation.

One would understand going onto a pure 100% reserve gold standard would further complicate the deflationary effect of coming off fractional reserve banking and massively destroy wealth and economic production. One would understand gold would increase in value to the net economic production of the nation when used as a currency, rather than the intrinsic value of gold, causing deflation. One would understand that 30-year mortgages would be very risky with a high threat of deflation. Most of money paid on a 30-year mortgage is not even for the value of the property, it is for interest, which is a form of usury and monetary theft, which deflation would make worse. Gold and silver are best left in the free market, where people can choose to store their wealth in whatever commodity they deem of value, including gold and silver, free of the corruption of the government.

We should end the Federal Reserve, end fractional reserve banking, have the U.S. government print debt-free money to replace the fractional reserves with real reserves as private debt is paid. The U.S. government can use the debt-free money to pay off the national debt and issue significant tax refunds to every citizen. We can do this without causing inflation with a public debt-free paper if we end the Federal Reserve and fractional reserve banking.

An anniversary present for the Mrs?

"Oh, what to do...what to do..."

Sell (or barter) some Celebrity ham cans...?

The time to buy is when the fear is greatest and the blood is flowing in the streets. If you can scale into some quality miners with cash (no margin) and are prepared for slightly lower prices and can be patient there is no doubt you will be handsomely rewarded over the next few years, almost, almost guaranteed. Those worried about the day to day noise will worry, those making a longer term "investment" will be rewarded and likely rewarded very nicely.

Eric, if you don't mind, may I ask what the LCS is asking for it? 

I have one I picked up some years back and they are interesting.  For some reason I like the coppery color as well and as they carry little premium are great values for storing liquid wealth.

Kawa

Mitt was booed at the NAACP convention today as we all have heard by now. Its obvious to me that he has hired a bunch of old McCain operatives from the last election cycle or a new batch of geniuses or just plain piss poor advisors. The rank and file members are used to being courted by "thieves bearing gifts"  The boos erupted when Mitt promised to do away with Obama care. Reform  health care would have been a great choice of words. This guy Mitt is a friggin joke as far as I am concerned. Mitt will have to learn to handle the health care issue like a real fuck artist would. "Fundamentally change" would be a good term after all its working for Barry so far. Hey Mitt wont get any votes from that bunch by pulling the teat from their lips. Let it be written  let it be said.    BTW I am not trying to piss anyone off here with these  facts as I see it. The week does not go by that I dont get a letter from the RNC begging me for money. I have nothing for that bunch of fools!!

Clebourne.. He gets attention. Skin sells

You are the rare person that has mentioned this fine little watercraft. Gheenoe is a great little boat. Goes wherever a canoe goes but, because of it's winged out, flat-bottom design, it is super stable. Try standing up in a canoe. With the Gheenoe, two grown men can stand up and fish. Very stable craft. Plus the flat transom back allows for an electric trolling motor or small HP gas motor to be installed. Not too heavy to portage a short distance.

I used to have a Gheenoe. Gave it to my bro-in-law. He sold it. I miss it. Great boat. 

Cleaurne61 asks:  "why, in God's name, does he stoop to posting near naked women tackling each other, to reinforce to us....that gold's going higher?"

Well to be honest, for some reason, I kind of like it.

Icarus

P.S. I read King World news for the articles.............

You honestly believe that people are going to look up from their iPhones long enough to demonize a few clowns who collect a few coins?  Come on......look around you, then answer your own question..

Ha! Great point and the comic strip is a keeper. Maybe we're thinking on different issues and scales. Maybe you are correct about the distracted ones... until their iPhones don't work. OMG

I guess telling her she can't eat a Mustang wouldn't change her mind. Sweet ride btw.

This guy did some more research on this topic.

Very deep digging. Inconclusive, but informative.

Read the comments ( Dated Mar 27, 2010).