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I am not an expert on the subject, but I think here might be a good reason as to why:
In the wake of gold prices cratering in recent days, more than a few prominent experts have already started pinning the blame on Western central banks — especially the Federal Reserve and the European Central Bank (ECB). According to numerous analysts, the central bankers are desperate to salvage their fiat currencies and eliminate competition as “monetary authorities” continue to create ever-greater quantities of euros and dollars out of thin air.
Some experts, whistle-blowers, traders, and former officials say the Fed dumped as much as 400 or even 500 tons of “paper gold” on the market — metals that it might not even have — as part of a naked short sale aimed at driving down the prices. Other analysts, especially among the establishment, pointed to the ECB chief’s recent suggestion that struggling European authorities in countries such as Cyprus would have to sell their precious metals to keep receiving bailouts
I do not really want to veer into Alex Jones territory; but it does seem interesting that gold plunges, there’s an attack and the stock market dives too. The events might not be related; but it sure does look a bit suspect to me.
As a son of retired General Motors worker, this always strikes me as very good news:
DETROIT- General Motors Co. announced today that it sold 224,314 vehicles in the United States in February, up 7 percent compared with a year ago.
Retail sales and fleet sales were both up 7 percent. The fleet mix was 25 percent of total sales, equal to a year ago, officials said.
“The housing sector has now joined auto sales in propelling the U.S. economy forward,” said Kurt McNeil, vice president of U.S. sales operations. “More importantly, the recovery in new home construction is reinforcing the underlying improvement in auto buying conditions, especially for pickups.
All four GM brands posted higher year-over-year sales: Cadillac was up 20 percent; Buick was up 15 percent; GMC was up 10 percent, and Chevrolet was up 5 percent.
This is great news. I just hope the Detroit can keep up the sales and help spur the economy back to what it was, or at least as close as we can get it.
He is making a good point, but this guy is literally begging to get sued by someone.
VERNAL — When George Burnett first set up shop in Vernal, he knew he had to find away to connect with his adopted community if his custom seat cover business was going to survive.
So, armed with a sandwich board emblazoned with the phrase “Honk If You (Heart) Drilling!,” Burnett took to the corner of 500 East and Main Street and began his one-man crusade to boost the spirit of a community that was getting its first glimpse of another oil and gas bust.
Fast-forward nearly five years and Burnett — now a local celebrity for his tireless support of the Uintah Basin’s energy industry — has launched a new business that’s earning rave reviews just weeks after opening its doors.
“I love this place. I will support this place with every fiber of my being,” said Corey Peterson, a personal trainer who stopped by the I Love Drilling Juice & Smoothie Bar on Monday morning for a thick, green drink filled with avocado, spinach and fresh apple juice.
“It’s a good place to come for lunch,” added customer Shauna Snow, “or for a good snack that’s healthy, not processed and also can give you good nutrients.”
But there is one thing about Burnett’s latest venture that’s left some folks with a bitter taste in their mouths.
“I’m very open about it, very public about it, that I’m going to charge them a little bit more, and I have liberals come in and pay the extra dollar surcharge,” Burnett said, referring to his unique pricing structure.
Charging one price to a conservative and another one to a liberal? That is grounds for a discrimination lawsuit. I wonder, would he charge a black man one price and a white man another? The point is, you charge everyone the same or you don’t stay in business, at least not for very long. I am just waiting for some black liberal to come into that shop and get charge a higher price. The lawsuit would be good!
Stupid Conservatives. This is why I quite supporting them. Especially when they started lying to the people that voted for them.
Dude, it is called capitalism, and if you and your moronic Jew-hating friends over at the poorly named “American Conservative”, do not like that idea or somehow believe that capitalism is not an American value, then you are not a Conservative.
End of discussion.
I talk a mean game on here quite a bit about business and owning one and such. But, honestly? I would not have the stomach for that sort of wild and crazy ride.
In business there is risk, and this dude gambled and went up, way up. Now, the bottom is coming out for him and he’s coming down. The going up part is great. It’s that coming down stuff that really sucks. I’d lose it, if I lost that big after having so much and then losing it all.
Obviously somewhere along the line, this guy did not heed a sign that things were flying apart on him. He’ll pay a price for that, if he doesn’t go mad first.
Again, owning a business is great. But, not losing ones soul and mind; and not ending up bankrupt and broke in the process of owning one — is even better.
Great and wonderful news, right? Wrong. Just another bogus headline from a company that is about ready for bankruptcy. This story comes via MLive.com.
General Motors Co. and the state are expected to announce today that GM will create 2,000 new jobs in Michigan, beginning with up to 1,500 at a new information technology innovation center in Warren.
The automaker and the Governor’s Office are expected to make formal announcements later today.
It’s unclear where GM would add the other 500 jobs, but the state says the innovation center is the first of three projects the company will announce.
GM will invest $300 million combined for the three. The state said GM plans no major investment spending on the information technology center; it will be housed in an existing building undergoing renovation on the Warren Tech Center campus.
The center will hire 1,500 new employees within four years and will add to information technology employment already in Warren, Randy Mott, GM’s vice president of information technology and chief information officer, said in a Friday interview.
This is where I am going to get accused of sounding like a Democrat or something worse.
This headline is the biggest stinking joke, since the election Barack Obama. These jobs above here? There are not jobs that anyone could do, you know, like me? These jobs are one that would need some serious degrees —- none of which I honestly have at all. So, these are not 2000 jobs for the public, like labor jobs; as the labor jobs are protected by the unions. These are tech jobs that will end up being filled by immigrants, legal or otherwise from foreign countries; who have the degrees to get these jobs. The rest will go to protected minorities, who happen to have those degrees as well.
I just have to ask aloud; how much of this investment, came from the taxpayers dollars that ended up bailing out this failed business? I really do not know if I really want to know the answer to that or not. However, what I will say is this here; the local Detroit media needs to stop with the dishonest headlines and get out of tank for the big three. I mean, do not get me wrong, I want to see General Motor succeed, as their success personally affects my family, namely my Father, who retired from that company after 31 years. But, when I see dishonest headlines like this, it disgusts me. People scanning through, think GM is mass hiring workers for the plants. Which they are not, they are hiring salaried employees, that they really do not need and doing this, will most likely make them go broke again.
It is time, that the local Detroit media started telling the complete truth about the big three.
Please note: This report is not about racial hatred or bigotry; this is about the realities of living in Detroit and the out of control black hoodlums that control that city and the incompetent and racially biased Police that supposedly protect that god-forsaken city.
This is a personal story for me, I live in the southern suburbs of Detroit. I grew up on the southwest side of Detroit, Michigan. I remember what southwest Detroit was like when I was a kid in the 1980′s. I also know what southwest Detroit is like now; and believe me, it is not any better. I saw this story over on Joseph Farah’s WorldNetDaily.com, and I thought, “You have got to be kidding me!” But, not they were not, I checked and sure enough this is a ongoing problem. I know right where this station is, believe it or not and yes, that is a very rough part of Detroit and personally would not want to live or work over there at night.
Here is the news video report from WND.com:
Even the old-timers in Detroit never have seen anything like this: A mob of 40 black people moved into a convenience store and will not leave.
They say they now own it. They eat. Smoke. Cuss.Threaten. Spit. Rob. Sell drugs. All on video.
Police, ministers, neighbors, the store owner and just about everyone else seems powerless to stop them.
“It’s a Bad Crew gas station,” said one of the mob to the local Fox affiliate. “If you don’t know what that is, I can’t even tell you.”
The owner calls police, but nothing happens. The police “come here and then they leave. Two minutes later they (the mob) are back.”
Earlier this month, members of the Perfecting Church, one of Detroit’s largest black congregations, counseled the members of the mob to stop their evil ways
Here is a link to an earlier report on the same gas station with Church people pleading with black thugs to pweeeeze stop robbing this story. Via Fox 2 Detroit:
DETROIT (WJBK) -
A Detroit man says his business is being held hostage by a group of teenagers who continually loiter inside and out of his gas station.
“There’s a lot of good people around here,” said the station owner, who wished to remain anonymous. But now, those good people aren’t coming as often to the Marathon station along W. 7 Mile Road on the city’s west side.
“This is a Bad Crew gas station,” said one teen loitering out front on Tuesday. When asked what that meant, he said, “If you don’t know, I can’t even tell you.”
Surveillance video obtained by FOX 2 shows as many as a dozen teens hanging out inside the store, smoking cigarettes, sitting on countertops and even spitting into sinks.
The owner says as many as 40 teens can be hanging out in front of the station at any time. “Destroying my store. Destroying my business,” said the owner.
He says his clerks are too frightened to take action against the teens and he’s worried that the loitering could lead to violence.
Detroit police have been called numerous times to the store, but the owner says right after officers disperse the crowd and leave the scene, the teens returns to their normal posts.
Leslie Cunningham, who lives nearby the station, says members from Marvin Winans’ Perfecting Church have recently been to the station to talk to the young people. “It’s out of hand,” said Cunningham. “We try to raise young people around here that they would be concerned and care about their area and this is what we have to contend with.”
The owner, and father of four, says he would walk away from his business if he didn’t owe so much on it.
Okay first of all; the only language that this young black thugs understand is the language of an end of a gun. If that station hired some ARMED guards, with say, a few AR-15′s modded for automatic fire, I tend to believe that these thugs would find somewhere else to hang out and rob. The only mentality that these black thugs understand is “survival of the fittest.” Because of this problem; this business owner is going to have to make some serious adjustments.
Again, this is not about racial bigotry or hatred. It is about reality. The reality is this: the reason why this is not being dealt with is because, when you have a black police force, black youth, who are committing the crimes are not going to be dealt with at all. Because in ghetto culture, “brother don’t cut another brother!” If you know what I mean. This credo dates back to the days of slavery, which when one slave would do something wrong, and another slave saw it; he had two choices, rat his fellow black brother out or keep his mouth closed. Most chose the latter. This is why you have black thugs running wild in the streets of Detroit. Because quite frankly, the Detroit cops do not care. As long as they are not murdering anybody; the police attitude is let them go.
Of course, the standard disclaimers and excuses will be rolled out by the City of Detroit. Ones like, “We do not have enough police.” “We don’t have enough money to have police around at all times.” But we who have lived in the city of Detroit. We know. That the fact is that minorities; black and latino, can do pretty any darned thing that they want to, as long as no one gets killed and the city police will not do anything about it. Now, if you are a white man, and did something like this — oh yes, your butt would be in jail in no time flat! But if you are black or latino, it is just a normal part of living in the city.
Just in case someone happens to read this, from say the city of Detroit or one of residents. I have one thing to say to you
Also too, as I was finishing this story. The irony hit me.. We have police who are so damned eager for a police state. Except, when it comes to stuff like this here. Blacks out of control? No problem! But, you let a white man get a little out of hand and it is the police state army AKA as the swat team — to the rescue!
Despite what has happened locally here and how I feel about it; I must continue on writing and blogging about what I consider to be important.
It seems that in Ohio, there has been a decline in voter registration, especially in Democratic Party strongholds. This is also signaling a national trend. Here is the Story and Video via Fox News Channel:
“Don’t boo, vote,” President Obama often says in his stump speech whenever crowds boo a Romney plan.
The off-hand call to vote may be by design. It comes amid a precipitous decline in Democratic voter registration in key swing states — nowhere more apparent than in Ohio.
Voter registration in the Buckeye State is down by 490,000 people from four years ago. Of that reduction, 44 percent is in Cleveland and surrounding Cuyahoga County, where Democrats outnumber Republicans more than two to one.
“I think what we’re seeing is a lot of spin and hype on the part of the Obama campaign to try to make it appear that they’re going to cruise to victory in Ohio,” Cuyahoga County Republican Chairman Rob Frost said. “It’s not just Cuyahoga County. Nearly 350,000 of those voters are the decrease in the rolls in the three largest counties, Cuyahoga, Hamilton and Franklin.”
Frost points out that those three counties all contain urban centers, where the largest Democrat vote traditionally has been.
Ohio is not alone. An August study by the left-leaning think tank Third Way showed that the Democratic voter registration decline in eight key swing states outnumbered the Republican decline by a 10-to-one ratio. In Florida, Democratic registration is down 4.9 percent, in Iowa down 9.5 percent. And in New Hampshire, it’s down down 19.7 percent.
“It’s understandable that enthusiasm is going to wane a little bit from that historic moment (in 2008),” says Michelle Diggles, the study co-author and senior policy adviser for Third Way. “You can only elect the first African-American president of this country once.
Of course, there are other reasons why people are just not happy anymore with the Democrats:
One Democratic Party consultant told Fox News that independents in Ohio may be leaning Democratic – an effect that may be tied to the bailout of Chrysler and GM. One of eight people in Ohio work in businesses directly tied to the auto industry. The state has been carpeted with Obama ads that point to his bailout of the industry and it’s managed bankruptcy.
I do not mean to toot my own horn; but in this case, I must. I predicted that stuff like this would happen on my old blog. When the bailouts happened, and when the healthcare bill was pushed through. The truth is Independents are simply running away from Obama. Another thing too that this report did not cover; is that some Democrats are simply not happy with the Obama Administration. This is for a number for reasons: The continuation of Bush’s polices on the war on terror and the war is one. The failure to close the prisons in Gitmo is another. The continuing of the war in Afghanistan is another. Also too, Ohio is also a union State and when Obama’s chief of staff at the time, said “F*** the big three!”, many in Ohio heard about that too. This all makes for a unpopular President.
Also too; the economy in Ohio, here in Michigan; and nationally, just plain sucks. There are many small businesses in Ohio, many of whom are faithful Democrats; and they are just looking at their bottom lines and are looking at this President and wondering, “What on earth are they doing to us?” To be fair, it is not all of Obama’s fault. The Federal Reserve with it’s QE1, QE2 and now QE3 is not helping the situation at all. When the fed prints more money, inflation happens, which drives the prices of everything up and this, in turn, hurts businesses. Which, in turn, hurts the economy. Bill Clinton learned this lesson early on, and made adjustments. Jimmy Carter and this President, did not. For that, they are paying a price at the polls.
I should also mention that this current foreign policy debacle in Libya, and Egypt and the rest of the Arab World is also weighing heavy on the minds of people as well. As it was in 1979, with the Iran hostage crisis. Now, Iran is being a problem again. Which is very ironic.
History has such a strange way of repeating itself.
Update: Here’s Romney’s Presser on the subject.
If it were not for the fact that this story was so darned funny; it would actually be pretty sad.
Mother Jones the crypt keeper of all things liberal, comes up with some really super secret video of Mitt Romney telling the absolute truth about the Obama voting people.
Here are the videos:
On Obama voters:
On Treating Obama gingerly, because he does not want to lose the independent voter:
On his consultants:
On the fact that most people couldn’t give a rip about politics; that they care about bread and butter issues:
On Obama and Wall Street; and if Mitt Romney wins, Wall Street will improve:
In this idiotic article, the author makes a false claim:
Well, um, actually —- Via Washington Examiner:
Mother Jones reporter David Corn claims the line about Obama promising to get unemployment under eight percent is not true.
Corn is wrong: Two of Obama’s economic advisers released a report in January 2009 arguing that the economic stimulus bill would have unemployment under 6 percent by now.
Also too The Astute Bloggers reminds us of the following:
From the Economic Collapse Blog:
The following are 16 statistics which show that the number of Americans dependent on the government is at an all-time high….
#1 According to the Census Bureau, 49 percent of all Americans live in a home that gets direct monetary benefits from the federal government. Back in 1983, less than a third of all Americans lived in a home that received direct monetary benefits from the federal government.
#2 The amount of money that the federal government gives directly to Americans has increased by 32 percent since Barack Obama entered the White House.
#3 The number of Americans receiving Social Security disability benefits has increased by 10 percent since Barack Obama first took office.
#5 The number of Americans on food stamps recently hit a new all-time high. It has increased by 3 million since this time last year and by more than 14 million since Barack Obama first entered the White House.
#6 Today, one out of every seven Americans is on food stamps and one out of every four American children is on food stamps. This is unprecedented in American history.
#7 In 2010, 42 percent of all single mothers in the United States were on food stamps.
#8 Back in 1980, government transfer payments accounted for just 11.7% of all income. In 2010, government transfer payments accounted for 18.4% of all income, which was a new all-time high.
#9 By the end of 2011, approximately 55 million Americans received a total of approximately 727 billion dollars in Social Security benefits. As the retirement crisis becomes much worse, that dollar figure is projected to absolutely skyrocket.
#10 According to the Congressional Budget Office, the Social Security system paid out more in benefits than it received in payroll taxes in 2010. That was not supposed to happen until at least 2016.
#11 Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse. It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.
#12 The U.S. government now says that the Medicare trust fund will run out five years faster than previously anticipated.
#13 The total cost of just three federal government programs – the Department of Defense, Social Security and Medicare – exceeded the total amount of taxes brought in during fiscal 2010by 10 billion dollars.
#14 It is being projected that entitlement spending by the federal government will nearly double by the year 2050.
#15 Right now, spending by the federal government accounts for about 24 percent of GDP. Back in 2001, it accounted for just 18 percent.
#16 When you total it all up, American households are now receiving more money directly from the federal government than they are paying to the government in taxes.
So, in other words, Romney told the truth about the left and now they are having a collective (Something they do well, collectivism!) heart attack about it. Two words lefties: Oh well. Truth hurts don’t it?