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 28, 2012 - 11:23pm

MUDbone - family member

I am sorry that your family member is suffering and dying. This must be a very difficult time for you and I will debate this no further out of deference to you. There is after all, some truth to most every perspective and that is certainly true of yours. My best wishes to you and your family.

Jun 28, 2012 - 11:27pm

Change in the Air...?

Dr. Copper has moved over the 3.4 level for the first time in many weeks , maybe a month... FWIW...

And that is interesting Mr. '47' noted the price change in PMs as being a currency move, as the Euro/USD made a jump.

Ira said it was some form of Easing from China helping to move Cu... no info to back that up.

The wind direction has shifted, ever so slightly. Will that be the case into the friday close?

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

OK 47

"I will answer your questions after you answer mine.

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

The last two, I teach.

The first? I argue with on the internet, of course!

Just kidding.

If you were mindlessly giving LiP-service to a pure MSNBC script, I wouldn't bother.

Irksome Number 47
Jun 28, 2012 - 11:29pm

@Number 47 - uptick

Good call, USD/EUR just made the same move at the same time.

*edit* ack, that was Euro strengthening, eww!!!

Beastly Stack
Jun 28, 2012 - 11:33pm

Little Expectations

The dollar is getting creamed with news out of Europe!

QE will come in many forms.

Be careful here,we have seen this so many times.

Jun 28, 2012 - 11:39pm


Thanks, I appreciate that.

bardian Number 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 - 11:52pm


"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.

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.

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...

BigChief Kuchek
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.

bam ¤
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 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 - 12:29am


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 - 12:35am

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 - 12:38am

Does anyone think that the

Does anyone think that the Fed will fail the incumbent ? Seriously it is whoop ass till November. Look at gas prices , look at the healthcare, look at the stock markets, i mean really everything ins coming up Millhouse for BHO. How long can you Mope ? How long can you TWIST, how long can you SPIN, how long..... until November

Turd your forceast for summer is 3 months off, everyone just relax ... If the BHO wins so be it, if the MR wins so be it Either clown will have to deal with the issues and honestly the FED is out except for bens bazzoka, My favorite kick in the nuts coming will be when the fed has some mortgage backed security where the taxpayers fit the bill for the bad notes from the banks and they are absolved and I'll still struggle to make my payments every month.

Welcome to the New America,

maravich44 retireyoung
Jun 29, 2012 - 12:41am

.Ref: Reality Check..@retireyoung...

damn, pretty sure that I just watched you wake up. Welcome to the party!... Edit add: ahh yes,the Gov.pension plan is well and secure,*hey brother,can you spare a dime?*...

Jun 29, 2012 - 12:49am

47 - government is not the only answer

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

​1) I believe everyone has a talent. It may be physical, not mental. Stupid people may not be rocket scientists, but they can build things with their hands, plant crops, protect people (bodyguard), or do any number of things.

2) Disabled people will be taken care of by family, friends, churches and non-profits.

3) Those born into poverty have a much better chance of moving up in the world if they live in a free society vs. a statist one based on "wealth redistribution," which ends up making everyone poor. Non-profit organizations can help poor people move out of poverty.

I'll add another one: "What do you propose we do about health care"?

Create non-profit health care organizations. Help our neighbors. Start funds to help people who need financial help. And oh, take better care of ourselves in the first place so we don't need so much damn health care.

miscreanity ancientmoney
Jun 29, 2012 - 12:50am

Bitcoin is not that easy to stop

Bitcoin is still at a vulnerable stage, but it is not so easily quashed.

Creating a "Great Firewall of China" for the US would do nothing to stop the flow of information. This is a farce that only prevents technology "n00bs" from being able to communicate with the rest of the world. Any service making use of long-range, directional radio transmissions would turn into quite a highly paid offering.

Cutting off access internally, meaning to each business or residence, would also castrate the government's ability to dissemminate propaganda. Shutting down the Internet is neither realistic, nor even possible.

EMP events do not wipe out everything. Bitcoin is a global phenomenon. If the US or any other region were crippled in this manner, as systems come back online, those parts of the Bitcoin network that were unaffected would propagate the blockchain as though nothing happened. Just like the Internet itself, Bitcoin routes around damage.

Even with the above, meshnet technologies are rapidly making progress. Many Android phones are already capable of building impromptu, ad-hoc network connections. The software side is growing very close to being functional enough for initial use. In effect, the "Internet kill-switch" is laughable at best.

It is already as hard to kill Bitcoin as it is to kill creeping ivy or bamboo. Pandora's box was opened in 2009.

A review of Bitcoincard shows that it's been in development for longer than Bitcoin has been in existence (the developers discovered Bitocin and realized it was a perfect fit), with both hardware and software components existing now. No vapourware.

robov Irksome
Jun 29, 2012 - 12:51am

WOAH! Gold is making a move!

No they have announced that the Euro is saved version 458. The markets are desperate for anything positive or even remotely positive

Jun 29, 2012 - 12:52am

GSR-double top?Accelerating

GSR-double top?Accelerating top (i.e. crashing top) . Both are possible. The second option at higher GSR, around 60,5. On other hand, movement within the upwards trend channel, as was also visible in falling PM prices.

Lets hope for a new good Friday. The longer silver holds above 26 in these adverse conditions, the better as sovereign debts continue to accumulate and QEs are in preparation.

Jun 29, 2012 - 12:57am

@BigChief - Obama and Astrology

OK....that link you provided...even though they claim to be non-partisan, they clearly are partisan. Especially when they talk about Obama's "triumphant" release of his long-form birth certificate. Really? I had to laugh at that one! Hmmm...come to think of it...every darn Obama astrology prediction is based on the idea that his birth certificate is legit! And if it's not...then those predictions are for a fictional character! ;-)

But seriously...I think Obama may win re-election (through hook or by crook), but I don't think he'll last another 4 years. He'll have a Watergate or something, or worse. I don't know though....this Obamacare ruling may be what Romney needs to win. I'm not a fan of Romney but with Obamacare being upheld...Romney is the only option, unfortunately.

Planters robov
Jun 29, 2012 - 1:01am

USD just drop .67

USD just drop .67 points, that is why...dont worry it will end up red befor ethe end of today, I say by 5am est. it gives it all back and then some.

maravich44 Stephanie C
Jun 29, 2012 - 1:24am


..I am interested in your opinion on this and often wonder if our fine and well meaning brothers and sisters even consider this field. If you enter pure and well intentioned, do you stand a chance?, will you be bent and broken so quickly that your principles will not even matter?,have we been reduced to lawyers(no offense CA Lawyer) and money grabbers? just reaching out for some feedback..

Jun 29, 2012 - 1:37am

Please fix something real.

Deathbamacare is the new Guantanamo. Voters actually think the new guy will change things. No.

Two blood-drunk heads on the same dragon. Meanwhile nothing is done about the Fed, JPM, PMs, or the price of tea in China.

Jun 29, 2012 - 2:31am

The price of tea in China?

Ha, what's going on with the price of tea in China?

Jun 29, 2012 - 2:51am


Just thought I'd pass this along incase anyone's interested. Chrome is now available on the iphone through the app store. Hopefully this brings as much happiness to you as it does to me.

Jun 29, 2012 - 2:57am

@rtabit..*.caught in slow motion in a dash for the door*...

,,maybe a bit off subject here but I think that JPM's other problems might loom larger, silver may be a side show that he can not control.This Clown(Jamie D) is low enough on the food chain to be sacrificed. He either does not seeing this coming or is too arrogant to accept it. My guess is arrogance. fu.jd...

Jun 29, 2012 - 2:59am

regarding the FED, overt QE, et all

For me the question of overt QE boils down to this: from what scenario will the money makers profit the most: deflation, inflation, stagflation....

For a long time i thought overt QE (mind you we already have plenty of QE, just not in the open, hence the word overt) would be inevitable. But that is from a point of common sense, if you can all it that way, to maintain the status quo of big governments that want to hold on to power.

But is that really in the interest of the money makers (by who i mean bankers, cabal, illuminati, any way you want to call these people behind the scenes).

What is in the interest of these people is to 1) stay in power behind the scenes 2) make sure your own banks/companies will survive or go down on your terms 3) transfer as much wealth to themselves by impoverishing the rest of the world.

And the question to me, then becomes: will these goals be met the best by money printing (inflation), or by letting the competition go broke (deflation).

I am not 100% sure yet on the answer to this. The more i think about the more i am inclined to believe they benefit more from deflation as that will make sure they can buy other peoples properties and companies for pennies on the dollar. But they might have to bail out a few banks and companies of themselves in the process to keep their own businesses afloat, so covert QE when they require it themselves.

The Green Manalishi
Jun 29, 2012 - 3:17am

Euro Ponzi

Debt crisis: Germany caves in over bond buying, bank aid after Italy and Spain threaten to block 'everything'

On Thursday night, Italy and Spain plunged an EU summit into disarray by threatening to block “everything” unless Germany and other eurozone countries backed their demands for help.

Mario Monti, the Italian Prime Minister, celebrated the agreement, reached in the early hours of Friday, as a “very important deal for the future of the EU and the eurozone”.



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