Constitutional Deception

473
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 (https://www.tfmetalsreport.com/blog/3940/lookout) or this ( https://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.

TF

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  473 Comments

Stoxxman
Jun 28, 2012 - 2:18pm

Silver at the precipice?

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

https://pennystockjournal.blogspot.ca/p/silver.html

opticsguy
Jun 28, 2012 - 2:18pm

do the coal stocks sense BHO's demise?

BTU up sharply in a down market.

Mickey
Jun 28, 2012 - 2:19pm

Europe

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.

tpbeta
Jun 28, 2012 - 2:19pm

@Basil

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

John GaltNumber 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.

DeltaCharlieHomerJ
Jun 28, 2012 - 2:22pm

@HomerJ

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

recaptureamerica
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.

Subscribe or login to read all comments.

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

Recent Comments

Forum Discussion

by Solsson, 8 hours 50 min ago
by Pete, 12 hours 42 min ago
by SteveW, 13 hours 25 min ago
by Phoenix79, Oct 17, 2019 - 6:28pm
randomness