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 - 2:18pm

Silver at the precipice?

Turd is bang on again, of course, observe the one year daily chart.

Jun 28, 2012 - 2:18pm

do the coal stocks sense BHO's demise?

BTU up sharply in a down market.

Jun 28, 2012 - 2:19pm


it seems like every day there is an event of some sorts-tomorrow we get, perhaps, a summary of a 2 day European meeting

Next week we get the Friday jobs and Challenger and ADP jobs as well as the Thursday Jobs claim beat.

I think wall st and media need to schedule in a few more short interval scheduling events to keep the volatility up .

Perhaps we can do weekly Jobs, GDP, or whatever else just to put the markets more on edge.

Jun 28, 2012 - 2:19pm


Well it's probably darkest at midnight, but it's a nice thought.

John Galt Number 47
Jun 28, 2012 - 2:20pm

Start Monday or Over on Monday

How can the problem be over on Monday when the temp workers to input data don't even start until then.

If the assessment is tomorrow then the work should start Saturday at the latest.

Their loss of credibility will cost them more than overtime will.

Dyna mo hum
Jun 28, 2012 - 2:20pm

That pesky commerce clause??!!!! scotus

That pesky ass commerce clause bit us right square in the buttocks one more time. If thats not the gift that keeps on giving I don't know what is.

DeltaCharlie HomerJ
Jun 28, 2012 - 2:22pm


Hey Homoj, curious, why are you wasting time on this site if you think there's other assets to trade? Go on, run along...

Jun 28, 2012 - 2:23pm

It's always been an "Act"...

It's always been an "Act"... a show...nothing less... Most didn't see the stage... Just like most misheard the word "change".. Those that heard "chains you can believe in" don't need a hearing aid battery replacement. And the bullfrog is getting comfy....

Dyna mo hum
Jun 28, 2012 - 2:25pm

Very Prescient, Dyna Mo Hum

The issue is control, how they get it, is immaterial.

Contrary to Turd's assertions, Obummer did not lie when he said it was not a tax. He sincerely believed that the commerce clause allowed the fed's to regulate healthcare. Why would he say otherwise? Since the 1930's, the courts have deferred to congress based on the ever expansive reach of the commerce clause.

I LOATHED the decisions from this era, back when I was taking constitutional law in law school. To me, it seemed that allowing the commerce clause to be read broadly, that is, to allow for the federal government to regulate an individual's growing of wheat in his backyard as interstate commerce, was too broad, and would allow for congress to regulate whatever they wanted. In short, what would NOT be viewed as having an effect upon commerce?

If I choose to eat a dozen donuts that I make in my own kitchen, then, under the broad reach of the commerce clause, the fed's could theoretically regulate that behavior, and ban my eating of more than 1 donut at a time. Thus, I saw, back in 1992, that unless the commerce clause power was stopped, then the feds would have no limits to their powers. Obummer knew this too, from almost a century of supreme court decisions.

Hence, I do not agree that Obummer was lying about Obamacare in that interview.

With that said, though, the taxing power under the constitution was, is, and will remain. The remedy is to vote, or hold a constitutional convention.

So, until the taxing power is removed, then the taxing power will be used to restrict behavior that those in charge dislike. Possession of guns, etc., are squarely in their sights [pun intended].

The remedy is to vote the anti-gun politicians out, or suffer the consequences later.

So, yes, I agree. The feds will use information from Obummercare to erode 2nd amendment freedoms.

Paying attention has never been more important than now. It is time to instill outrage among the electorate, and urge those with similar instincts to vote.

SRV - ES339
Jun 28, 2012 - 2:26pm

Your facts are wrong Turd

Turd, we must get past the GOP talking points... the Supreme Court did not say the ACA is tax... they said the penalty for those who decide they do not want insurance (the mandate issue) is a tax, and therefore is constitutional.

Again the GOP (and Faux TV) spin that the law is a tax is simply another in a long line of lies.

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