Constitutional Deception

Thu, Jun 28, 2012 - 11:50am

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.

George and Obama debate health care taxes

The metals are, of course, up against it this morning. If you haven't yet read this ( or this (, 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.


About the Author

turd [at] tfmetalsreport [dot] com ()


Jun 29, 2012 - 12:35am

SWIFT sanction exemptions

SWIFT - Society for Worldwide Interbank Financial Telecommunication

We had the original 11 (20 March): Belgium, Britain, the Czech Republic, France, Germany, Greece, Italy, the Netherlands, Poland, Spain and Japan

Then 7 more (12 June): India, Malaysia, South Korea, South Africa, Sri Lanka, Turkey and Taiwan.

Then 2 more (28 June): China and Singapore

Now wtf is the point of a sanction if everyone is exempt? To threaten?

The sanctions target foreign financial institutions that do business with Iran's central bank by barring them from opening or maintaining correspondent operations in the United States. It would apply to foreign central banks only for transactions that involve the sale or purchase of petroleum or petroleum products.

The petroleum penalties only apply if the president determines there is a sufficient alternative supply and if the country with jurisdiction over the financial institution has not significantly reduced its purchases of Iranian oil. It also allows the president to waive the penalties based on national security.


SWIFT is the world's largest electronic payment system and on Saturday implemented its decision to cut off 30 Iranian banks blacklisted by EU supported economic sanctions. By SWIFT's own admission, the move is "extraordinary" and "unprecedented."

SWIFT handles cross-border payments for more than 10,000 financial institutions and corporations in 210 countries. It lets users exchange financial information securely and reliably, thereby lowering costs and reducing risk. Established in 1973, the essential but little-known hub is overseen by major central banks, including the U.S. Federal Reserve and the European Central Bank.


The regime has been able to withstand these sanctions in part because high global oil prices have provided Iran, the world's third largest exporter, with record oil revenues. Iran exports 3.5 million barrels of oil per day, about 4 percent of the oil consumed in the world. Last year, Iran generated $100 billion in revenue from oil, up from $20 billion a decade ago, according to IHS CERA, a consulting firm.

Jun 29, 2012 - 12:29am


This used to be a place where likeminded people helped eachother, and the vibe was pretty nice. Sadly, that has changed quite a bit recently. Kudos to those of you who make gallant attempts to cultivate civility. You should not have to.

Those of you who continue to buy into the divisional paradigm have short memories, and give the racketeers all of the leverage they need to run their cons, and control your time.

Jun 29, 2012 - 12:21am


ignorant? no. i've dealt with developmentally disabled people. i used to be a social worker. i got over it. the system doesn't work. it usually makes the problem worse. if a person can't make it on their own in life (and the family's not willing -or no longer willing - to take the responsibility), institutionalisation is the only feasible answer.

Jun 29, 2012 - 12:10am


That Martel article is kind of odd to me. I mean, I look at the US Government as one of the more authoritarian regimes internationally, both economically and politically (read militarily).

This sentence alone made me chuckle ruefully: "Its members share certain characteristics that raise questions of how it is, precisely, that they and their peoples missed the curve in building democratic states and free markets."

I guess I read it in the context of this article by Paul Craig Roberts:

Now I'm not saying what Russia or China has is the dogs balls, but the perspective of Martel is a bit off, to say the least.

Jun 28, 2012 - 11:55pm

Kuchek wrote:

Kuchek wrote:
Nigel Farage on the Failings of the EU Summit and an Antidemocratic Europe

Did anybody really watch this? He is going along giving a fairly nice analysis and then he does the same thing he has been doing when he said Greece is leaving the Euro and then saying the Euro is going to break apart. Why does he do that? What's his motivation? He believes it?

NO, Greece didn't leave the Euro. And NO Euro is not breaking apart anytime soon!

Europe has less debt than the US. Europe has higher GDP and MORE GOLD then both Canada and US. Euro is closer to some form of a fascism regime and has been ahead of the United States in that regard for many years, and Obama playing catch up.

Europe is like the Old Roman Empire, it keeps adding states, not subtracting. Now Cyprus is eager to get it's share of the money and it's been approved without much fanfare.

Because of the amount of Gold Euro has it could go to gold but that aint' happening. How the US could ever go to a gold reserve with the amounts purported to be in our possession is beyond me. I'd like to see that analysis to understand how one could come to the conclusion that's the eventual direction.

Euro ain't breaking apart soon.

I Run Bartertown
Jun 28, 2012 - 11:54pm


That part was a quote from #47.

I would never presume to demand from another human being that they take responsibility for anyone outside their family. 'Not my blood, Not my problem' would've been plenty answer for me. Though I'd prefer to NOT be forced to rely on a dumb soldier. There's plenty bull-work to be done with more room for error. You can get damn near anybody to work a shovel..even if to no greater end than keeping them busy and tired to reduce crime...

Jun 28, 2012 - 11:54pm

@treefrog Are you really that ignorant?

You obviously never had a family member or loved one who had a developmental disability of any kind. You are pathetic.

Jun 28, 2012 - 11:52pm


"What do you propose we do with the stupid, the disabled and those born into poverty?"

the stupid? there's not a lot that can be done. they make good soldiers. the ones capable of learning become veterans. or sergeants. often both.

the disabled? if they can't make their way in the world, an institution, but not a very upholstered one.

those born into poverty? like me? poverty is a good place to start. there's no way to go but up. hunger is a good incentive. ask yon cassius.

bardianNumber 47
Jun 28, 2012 - 11:43pm


I'm talking about natural rights, those that can't be givin or takin away. The right to your own body and products of your labor.

paying for local community services is a voluntary agreement btw the community members and you always have the right to move. That's very different from a government forcing me to pay for the "national community" when I have no where else to go as governments have jurisdiction over the entire habitable land mass of the world.

According to homesteading principles, you own the land that you use and can defend. You can't walk onto a continent, stick a flag on the beach, call 2.3 billion acres "America" and start collecting property tax from Pocahontas.

Jun 28, 2012 - 11:39pm


Thanks, I appreciate that.

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